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Home My WebLink AboutACFR 1993 CITY OF MOORPARK, CALIFORNIA 00<_adilimiWer AA\ ATIOMA;414 Krel, %. ,77.0„, 0 1 I ij I I I I I I lill ANNUAL FINANCIAL REPORT Year Ended June 30, 1993 Peat Marwick CITY OF MOORPARK,CALIFORNIA Annual Financial Report June 30,1993 (With Independent Auditors' Report Thereon) CITY OF MOORPARK,CALIFORNIA Table of Contents Page Report of Independent Auditors 1 General Purpose Financial Statements at June 30, 1993 and for the year then ended: Combined Balance Sheet-All Fund Types and Account Groups 2 Combined Statement of Revenues,Expenditures and Changes in Fund Balances-All Governmental Fund Types 3 Combined Statement of Revenues,Expenditures and Changes in Fund Balances-Budget and Actual(Note 2)- General and Special Revenue Funds 4 Notes to General Purpose Financial Statements 6 Schedule Supplementary Information-Combining Financial Statements at June 30,1993 and for the year then ended: Special Revenue Funds: Combining Balance Sheet 1 Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Accumulated Deficits) 2 Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Accumulated Deficits)- Budget and Actual 3 Capital Projects Funds: Combining Balance Sheet 4 Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Accumulated Deficits) 5 Agency Funds: Statement of Changes in Assets and Liabilities 6 GENERAL PURPOSE FINANCIAL STATEMENTS f Peat Marwick Certified Public Accountants 725 South Figueroa Street Los Angeles. CA 90017 INDEPENDENT AUDITORS'REPORT The Honorable City Council City of Moorpark, California: We have audited the accompanying general purpose financial statements of the City of Moorpark,California (City) as of June 30, 1993 and for the year then ended,as listed in the accompanying table of contents. These general purpose financial statements are the responsibility of the City's management. Our responsibility is to express an opinion on these general purpose financial statements based on our audit. We conducted our audit in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of material misstatement. An audit includes examining,on a test basis,evidence supporting the amounts and disclosures in the general purpose financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management,as well as evaluating the overall general purpose financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the general purpose financial statements referred to above present fairly, in all material respects, the financial position of the City of Moorpark, California,as of June 30, 1993 and the results of its operations for the year then ended in conformity with generally accepted accounting principles. Our audit was made for the purpose of forming an opinion on the general purpose financial statements taken as a whole. The combining financial statements listed as additional financial information in the table of contents are presented for purposes of additional analysis and are not a required part of the general purpose financial statements of the City of Moorpark, California. Such additional financial information has been subjected to the auditing procedures applied in the audit of the general purpose financial statements and,in our opinion, is fairly stated, in all material respects, in relation to the general purpose financial statements taken as a whole. October 29, 1993 1 CITY OF MOORPARK,CALIFORNIA Combined Balance Sheet-All Fund Types and Account Groups June 30,1993 with comparative total figures at June 30,1992 Account Groups Governmental Fund Types Ficuciary General Totals 1 Special Capital Debt Fund Types General Fixed Long-Term ' (memorandum only) Assets and Other Debits General Fund Revenue Funds Projects Funds Service Agency Funds Assets Debt 1993 1992 Cash and investments(note 3) $ 2,337,733 17,061,691 11,007,261 - 802,291 - - 31,208,976 23,435,844 Restricted cash and investments(note 3) - 1,780,651 - 837,461 - - - 2,618,112 - Accounts and interest receivable,net(note 14) 217,564 1,874,579 33,518 - - - - 2,125,661 786,050 Taxes receivable - - 7,114 - - - - 7,114 - Due from other funds(note 9) - 192,000 - - - - - 192,000 152,003 Advance to Redevelopment Agency 2,340,467 - - - - - - 2,340,467 2,138,137 Other assets - - 102,616 - - - - 102,616 46,661 Property and equipment(note 7) - - - - - 12,865,647 - 12,865,647 11,354,093 Amount available for debt service - - - - - - 810,761 810,761 - Amount to be provided for retirement of long-term debt - - - - - - 9,189,239 9,189,239 - Total assets5 4,895,764 20,908,921 11,150,509 837,461 802,291 12,865,647 10,000,000 61,460,593 37,912,788 liabilities,Fund Balances and Other Credits Liabilities: Accounts payable and accrued liabilities $ 659,878 1,223,143 81,187 26,700 81,827 - - 2,072,735 1,307,900 Deposits,principally from developers - - - - 669,390 - - 669,390 689,305 Due to other funds(note 9) - 192,000 - - - - - 192,000 152,003 Deferred revenue - 436,009 - - - - - 436,009 999,133 Due to participants - - - - 51,074 - - 51,074 19,588 Advance from General Fund - - 2,340,467 - - - - 2,340,467 2,138,137 Tax allocation bonds payable(note 4) - - _ - - - - 10,000,000 10,000,000 - Total liabilities 659,878 1,851,152 2,421,654 26,700 802,291 - 10,000,000 15,761,675 5,306,066 Fund balances and other credits: Investment in general fixed assets - - - - - 12,865,647 - 12,865,647 11,354,093 Fund balances. Reserved for receivables due after one year,net - 1,361,310 - - - - - 1,361,310 142,152 Reserved for debt service - - - 810,761 - - - 810,761 - Reserved for low/moderate income housing(note 5) - 1,784,860 - - - - - 1,784,860 - Reserved for advances to Redevelopment Agency 2,340,467 - - - - - - 2,340,467 2,138,137 Reserved for contingency - - - - - - - , - 263,388 Unreserved: Designated(note 8) 665,269 500,000 8,418,992 - - - - 9,584,261 1,184,111 Undesignated 1,230,150 15,411599 309,863 - - - - 16,951,612 17,524,841 Total fund balances and other credits 4,235,886 19,057769 8,728,855 810,761 - 12,865,647 - 45,698,918 32,606,722 Commitments and contigencies(notes 11 and 12) Total liabilities,fund balances and other credits $ 4,695,764 20,908,921 11,150 509 837,461 802,291 12,865,647 10,000,000 61,460,593 37,912,788 See accompanying notes to general purpose financial statements. 2 CITY OF MOORPARK,CALIFORNIA Combined Statement of Revenues,Expenditures and Changes in Fund Balances-All Governmental Fund Types Year ended June 30,1993 with comparative total figures for the year ended June 30,1992 Governmental Fund Types Totals Special Capital Debt Service (memorandum only) i General Fund Revenue Funds Prolects Funds Fund 1993 1992 Revenues: Property taxes $ 1,106,364 - 1,469,789 - 2,576,153 1,304,335 Sales taxes 881,069 - - - 881,069 810,529 Other taxes 36,137 443,706 - - 479,843 501,852 Motor vehicle license fees 974,891 - - - 974,891 827,903 Utility franchise fees 430,523 - 430,523 441,680 Building and safety fees - 27,454 - - 27,454 11,890 Maintenance assessments 69 1,811,414 - - 1,811,483 875,624 Subventions and grants 15,968 935,384 - - 951,352 725,609 Planning and public works fees 205,329 1,443,598 - - 1,648,927 926,553 Park development fees - 75,493 - - 75,493 10,284 Charges for current services 34,016 119,086 - - 153,102 210,839 Fines and forfeitures 43,218 52,178 - - 95,396 81,601 Interest 225,060 888,646 101,557 - 1,215,263 1,420,077 Other 139,104 58,807 270 - 198,181 154,327 Total revenues 4,091,748 5,855,766 1,571,616 - 11519,130 8,303,103 Expenditures: Current: General government 1,091,924 - 159,262 - 1,251,186 1,015,922 Public safety 2,084,447 135,587 - - 2,220,034 2,102,183 Public services 182,962 2,422,407 4,062 - 2,609,431 2,227,981 Parks and recreation 280,934 426,063 - - 706,997 706,939 Capital outlay 259,468 3,429,139 26,072 - 3,714,679 2,119,893 Debt service: Interest expense - - 99,714 - 99,714 18,352 Bond issuance costs - - - 26,700 26,700 - Total expenditures 3,899,735 6,413,196 289,110 26,700 10,628,741 8,191,270 Excess(deficiency)of revenues over expenditures 192,013 (557,430) 1,282,506 (26,700) 890,389 111,833 Other financing sources(uses): Disallowed costs returned to County of Ventura - - - - - (150,000) Operating transfers in(note 9) 41,426 109,848 300,000 - 451,274 432,579 Operating transfers out(note 9) (318,592) (132,682) - - (451,274) (432,579) Developer in-lieu fee - 932,701 - - 932,701 48,206 Proceeds from issuance of tax allocation bonds - 1,780,651 7,139,440 837,461 9,757,552 - Total other financing sources(uses) (277,166) 2,690,518 7,439,440 837,461 10,690,253 (101,794) Excess(deficiency)of revenues and other sources over expenditures and other uses (85,153) 2,133,088 8,721,946 810,761 11,580,642 10,039 Fund balances,July 1 4,321,039 16,924,681 6,909 - 21,252,629 21,242,590 Residual equity transfers in(note 9) - 2,169,249 - - 2,169,249 - Residual equity transfers out(note 9) - (2,169,249) - - (2,169,249) - Fund balances,June 30 $ 4,235,886 19,057,769 8,728,855 810,761 32,833,271 21,252,629 See accompanying notes to general purpose financial statements. 3 CITY OF MOORPARK,CALIFORNIA Combined Statement of Revenues,Expenditures and Changes in Fund Balances- Budget and Actual(Note 2)-General and Special Revenue Funds Year ended June 30,1993 with comparative total figures for the year ended June 30,1992 General Fund Special Revenue Funds Variance- Variance- i favorable favorable ' Budget Actual (unfavorable) Budget Actual (unfavorable) Revenues: Property taxes S 1,335,760 1,106,364 (229,396) - - - Sales taxes 832,320 881,069 48,749 - - - Other taxes 29,186 36,137 6,951 454,097 443,706 (10,391) Motor vehicle license fen 898,000 974,891 76,891 - Utility franchise fees 375,360 430,523 55,163 - - - Building and safety fees - - - 7,600 27,454 19,854 Maintenance assessments 17,000 69 (16,931) 928,119 1,811414 883,295 Subventions and grants 2,859 15,968 13,109 2,052,810 935,384 (1,117426) Planning and public works fees - 205,329 205,329 778,138 1,443,598 665,460 Park development fees 686,000 75,493 (610,507) Charges for current services 67,000 34,016 (32,984) 105,200 119,086 13,886 Fines and forfeitures 20,484 43,218 22,734 64,000 52,178 (11,822) Interest 147,500 225,060 77,560 481,780 888,646 406,866 Other 159,150 139,104 (20,046) 164,000 58,807 (105,193) Total revenues 3,884,619 4,091,748 207,129 5,721744 5,855,766 134,022 Expenditures Current General government 1,016,122 1,091924 (75,802) 20,700 - 20,700 Public safety 2,128,708 2,084,447 44,261 132,850 135,587 (2,737) Public services 280,032 182,962 97,070 2,670922 2,422,407 248,515 Parks and recreation 301,058 280,934 20,124 498,034 426,063 71,971 Capital outlay 305,588 259,468 46,120 7,892,725 3,429,139 4,463,586 Debt service-interest 42,000 - 42,000 - - - Total expenditures 4,073,508 3,899,735 173,773 _ 11,215,231 6,413,196 4,802,035 Excess(deficiency)of reve- nuesover expenditures (188,889) 192,013 380,902 (5/493/187) (557,430) 4,936,057 Other financing sources(uses): Disallowed costs returned to County of Ventura(note 9) - - - - - - Operating transfers in(note 9) - 41,426 41,426 731,378 109,848 (121,530) Operating transfers out(note 9) (326,278) (318,592) 7,686 (41,426) (132,682) (91,256) Developer in-lieu fee - - - - 932,701 932,701 Proceeds from issuance of tax allocation bonds 1,780,651 1,780,651 Total other financing sources(uses) (326,278) (277,166) 49,112 189,952 2,690,518 2,500,566 ' Excess(deficiency)of revenues and other sources over expenditures and other uses (515,167) (85,153) 430,014 (5,303,535) 2,133,088 7,436,623 Fund balances,July 1 4,321,039 4,321,039 - 16,924,681 16,924,681 - Residual equity transfers in(note 9) - - - 2,027,510 2,169,249 141,739 Residual equity transfers out(note 9) (2,152,809) (2,169,249) (16,440) Fund balances,June 30 S 3,805,872 4,235,886 430,014 11,495,847 19,057769 7,561922 (Continued) 4 CITY OF MOORPARK,CALIFORNIA Combined Statement of Revenues,Expenditures and Changes in Fund Balances- Budget and Actual(Note 2)-General and Special Revenue Funds,Continued Year ended June 30,1993 with comparative total figures for the year ended June 30,1992 Totals(memorandum only) 1993 1992 Variance- Variance- 1 favorable favorable Budget Actual (unfavorable) Budget Actual (unfavorable) Revenues: Property taxes $ 1,335,760 1,106,364 (229,396) 1,239465 1,304,335 64,670 Sales taxes 832,320 881,069 48,749 900,000 810,529 (89,471) Other taxes 483,283 479843 (3,440) 506,110 501,852 (4,258) Motor vehicle 8cenue fees 898,000 974,891 76,891 881,000 827,903 (53,097) Utility franchise fees 375,360 430,523 55,163 368,000 441,680 73,680 Building and safety fees 7,600 27,454 19,854 4,100 11,890 7,790 Maintenance assessments 945,119 1,811483 866,364 1,421,569 875,624 (545,945) Subventions and grants 2,055,669 951,352 (1,104,317) 1,169,100 725,609 (443,491) Planning and public works fees 778,138 1,648,927 870,789 585,408 926,553 341,145 Park development fees 686,000 75,493 (610,507) 686,000 10,284 (675,716) Charges for current service 172,200 153,102 (19,098) 183,900 210,839 106,939 Fuses and forfeitures 84,484 95,396 10,912 83,000 81,601 (1,399) Interest 629,280 1,113706 484,426 1,058,300 1,399,999 341,699 Other 323,150 197,911 (125,239) 59,400 154,327 94,927 Total revenues 9,606,363 _ 9,947,514 341,151 9,065,552 8,283,025 (782,527) Expenditures: Current: General government 1,036,822 1,091,924 (55,102) 1,174,929 990,923 184,006 Public safety 2,261,558 2,220,034 41,524 2,142,806 2,102,183 40,623 Public services 2,950,954 2,605,369 345,585 2,524,729 2,227,981 296,748 Parks and recreation 799,092 706,997 92,095 704,489 706,939 (2,450) Capital outlay 8,198313 3,688,607 4,509,706 6,876,364 2,119,893 4,756471 Debt service-interest 42,000 - 42,000 42,000 - 42,000 Total expenditures 15,288,739 10,312,931 4,975,808 13,465,317 8,147,919 5,317,398 Excess(deficiency)of reve- nues over expenditures (5,682,376) (365,417) 5,316,959 (4,399,765) 135,106 4,534,871 Other financing sources(uses): Disallowed costs returned to County of Ventura - (150,000) (150,000) Operating transfers in(note 9) 231,378 151,274 (80,104) 200,000 432,579 232,579 Operating transfers out(note 9) (367,704) (451,274) (83,570) - (432,579) (432,579) Developer indieu fee - 932,701 932,701 - 48,206 48,206 Proceeds from issuance of tax allocation bonds - 1,780,651 1,780,651 - Total other financing sources(uses) (136,326) 2,413,352 2,549,678 200,000 (101,794) (301,794) Excess(dehidency)of revenues and other sources over expenditures and other uses (5,818,702) 2,047,935 7,866437 (4,199765) 33,312 4,233,077 Fund balances,July 1 21,245,720 21,245,720 - 21,212,408 21,212,408 - Residual equity transfers in(note 9) 2,027,510 2,169,249 141,739 - - - Residual equity transfers out(note 9) (2,152,809) (2,169,249) (16,440) - - - Fund balances,June 30 $ 15,301,719 23,293,655 7,991,936 17,012,643 21,245,720 4,233,077 See accompanying notes to general purpose financial statements. 5 CITY OF MOORPARK,CALIFORNIA Notes to General Purpose Financial Statements June 30,1993 (1) Summary of Significant Accounting Policies The City of Moorpark(the City)accounts for its financial position and operations in accordance with generally accepted accounting principles applicable to governmental units. Accordingly,the City uses several fund types and account groups as described below. Fund Types and Account Groups A fund or account group is an accounting entity with a self-balancing set of accounts established to record the financial position and results of operations of a specific governmental activity. The City maintains the following fund types and account groups: • Governmental fund types,which include the General Fund,Special Revenue Funds and Capital Projects Funds,are used to record the general operations of the City. • Fiduciary fund type(Agency Funds),which is used to account for assets held by the City as an agent for individuals, organizations and other funds. The Agency Funds are custodial in nature(assets equal liabilities)and do not involve measurement of operations. • General Fixed Assets Account Group,which is used to account for property and equipment purchased or received by the governmental fund types. • General Long-Term Debt Account Group,which is used to account for unmatured long-term indebtedness of the governmental fund types. The general purpose financial statements include total columns which aggregate the financial statements of the various fund types and account groups. The columns are designated"memorandum only"because the totals are not comparable to a consolidation in that interfund transactions are not eliminated. Reporting Entity The accompanying general purpose financial statements include all accounts for the City and the Redevelopment Agency of the City of Moorpark (Redevelopment Agency),a separate legal entity, over which the City Council exercises significant oversight responsibility and authority. The Redevelopment Agency is included based on its financial interdependency, the absence of authoritative indepen- dence of its officials and the significant ability of the City Council to influence the Redevelopment Agency's operations and fiscal matters. 6 CITY OF MOORPARK,CALIFORNIA Notes to General Purpose Financial Statements, Continued Basis of Accounting Governmental fund types use a modified-accrual basis of accounting. Revenues are recognized when available and measurable. Revenues which are accrued include property taxes, sales taxes collected by the state on behalf of the City prior to year-end,certain other intergovernmental revenues and interest. In accruing intergovernmental revenues,such as grants and state subsidies,the legal and contractual requirements are used as guidance. Revenues which are not considered susceptible to accrual include motor vehicle license fees, certain other licenses and fees,fines, forfeitures and penalties. Expenditures are recorded when the liability is incurred. Interfund Transactions In the course of normal operations,transactions occur among various City funds. Recurring operating transfers are recorded by the receiving fund as an operating transfer in and as an addition to fund balance. Such transfers are recorded by the disbursing fund as an operating transfer out and a reduction of fund balance. Due to/from accounts and advance to/from accounts are primarily related to advances made by the General Fund to various Special Revenue and Capital Projects Funds and the Redevelopment Agency. Advances to Special Revenue and Capital Project Funds are current and will be repaid from the receipt of grant funds and future revenues. Advances to the Redevelopment Agency,which total$2,340,467 at June 30,1993,are due on demand,or on June 30, 1994 if demand is not made,and accrue interest at the Local Agency Investment Fund rate compounded monthly. These advances are fully reserved in the General Fund as the amount is not available to finance current operations. Property Taxes The duties of assessing and collecting property taxes are performed by the Ventura County Assessor and Tax Collector,respectively. The City receives an allocation of property taxes collected by the County with respect to property located within the City limits equal to .078% of the 1%County levy. The Redevelopment Agency receives incremental property taxes on property within its project area over the base-assessed valuation at the date the project area was established. Tax levies cover the period from July 1 to June 30 of each year. All tax liens attach annually on the first day in March preceding the fiscal year for which the taxes are levied. Taxes are levied on both real and personal property as it exists on that date. Secured property taxes are levied against real property and are due and payable in two equal installments. The first installment is due on November 1 and becomes delinquent if not paid by December 10. The second installment is due on February 1 and becomes delinquent if not paid by April 10. Unsecured personal property taxes are due on July 1 each year. These taxes become delinquent if not paid by August 31. 7 CITY OF MOORPARK,CALIFORNIA Notes to General Purpose Financial Statements,Continued The City records property tax revenues in the fiscal year to which they are due rather than at the related lien date. Delinquent property taxes at year-end (June 30),if any, are reserved to the extent they are deemed to be uncollectible within 60 days thereafter. Incremental property taxes of the Redevelopment Agency for periods prior to July 1,1992 were retained by the County of Ventura pending completion of certain property tax allocation agreements. Such agreements were finalized during fiscal year 1993,and accordingly,tax increments for fiscal year 1993 and prior fiscal years were recorded as property tax revenue in the Redevelopment Agency Capital Project Fund in the current year. Property and Equipment Acquisitions of property and equipment are recorded as expenditures in governmental fund types at the time of purchase. These assets, when over$500 each,are capitalized at cost in the General Fixed Assets Account Group. Contributed assets are recorded at fair market value at date of donation. Expenditures for infrastructure(roads,curbs, sidewalks,and the like)normally are not capitalized as such assets are immovable and generally of value only to the City. No depreciation is provided for assets capitalized in the General Fixed Assets Account Group. Deposits Deposits principally consist of amounts collected from developers for services to be rendered by the City,including engineering,plan checks and inspections and planning review services. The City recognizes such amounts deposited as revenue when the services are performed and the corresponding expenditures are incurred. Reclassifications Certain reclassifications have been made to the comparative total amounts reported in prior years in order to conform to the current year's presentation. (2) Budgetary Information The City Council adopts a formal budget at the beginning of the City's fiscal year providing for operations and capital expenditures of the City's General Fund and Special Revenue Funds. Budgetary controls and the levying of taxes are set by the City within state limitations. The legally adopted budget requires that expenditures not exceed appropriations in total for each fund. The budgetary basis of accounting is consistent with generally accepted accounting principles applicable to the City's financial statements. 8 CITY OF MOORPARK,CALIFORNIA Notes to General Purpose Financial Statements,Continued The Council is authorized to make and has made appropriation adjustments to the budget during the year as deemed necessary. Such adjustments,which are considered immaterial,are included in the budget amounts in the accompanying general purpose financial statements. Appropriations lapse at year-end. (3) Cash and Investments Cash and investments of the City are pooled for deposit and investment purposes. Interest earned on pooled investments is credited to the funds based on each fund's average deposit balance. The City's cash and investments at June 30, 1993 are as follows: Unrestricted cash and investments $ 31,208,976 Restricted cash and investments 2,618,112 $ 33,827,088 Deposits $ 9,177,863 Investments 24,649,225 $ 33,827,088 The City's deposits are categorized in the following table: Carrying Bank balance, amount, Actual Category 1 Category 2 Category 3 June 30,1993 June 30,1993 Deposits held with banks $ 200,000 6,009,150 — 6,209,150 9,078,863 Certificates of deposit 99,000 — — 99,000 99,000 Total $ 299,000 6,009,150 — 6,308,150 9,177,863 9 CITY OF MOORPARK,CALIFORNIA Notes to General Purpose Financial Statements,Continued • Category 1 -Includes deposits that are insured or collateralized with securities held by the City or its agent in the City's name. • Category 2 - Includes deposits that are collateralized with securities held by the pledging financial institution's trust department or agent in the City's name. • Category 3-Includes uninsured and unregistered investments for which securities are held by the financial institution's trust department or agent but not in the City's name. The City's investments are categorized in the following table: Carrying Market Uncate- amount, value, Actual Category 1 Category 2 Category 3 gorized June 30,1993 June 30,1993 U.S. Government securities $ — — 6,525,782 — 6,525,782 6,552,280 Investments held in trust by fiscal agents on behalf of the City of Moorpark (restricted cash) — — 837,461 — 837,461 837,461 State Treasurer's Local Agency Investment Fund — — — 17,234,908 17,234,908 17,234,908 Investments held in deferred compensation plan- mutual fund investments — — — 51,074 51,074 51,074 Total $ — — 7,363,243 17,285,982 24,649,225 24,675,723 • Category 1 -Includes investments that are insured or registered or for which the securities are held by the City or its agent in the City's name. • Category 2-Includes uninsured and unregistered investments for which the securities are held by the counterparty's trust department or agent in the City's name. • Category 3-Includes uninsured and unregistered investments for which securities are held by the counterparty's trust department or agent but not in the City's name. 10 CITY OF MOORPARK, CALIFORNIA Notes to General Purpose Financial Statements,Continued Deposits The California Government Code requires California banks and savings and loan associations to secure a city's deposits by pledging government securities as collateral. The market value of pledged securities must equal at least 110% of a city's deposits. California law also allows financial institutions to secure such deposits by pledging first trust deed mortgage notes having a value of 150%of a city's total deposits. At June 30, 1993 and for the year ended,the City had no investments in repurchase agreements or reverse-repurchase agreements. Investments The City temporarily invests its excess cash in instruments which are allowable under current legislation of the State of California (Government Code Section 53600 et seq.). The state code permits investments in the following instruments: • Securities of the U.S. Government or its agencies • Commercial paper • Small business administration loans • Local Agency Investment Fund (State Pool) • Certificates of deposit (or time deposits) placed with • Repurchase agreements commercial banks and/or savings and loan companies • Negotiable certificates of deposit • Passbook savings accounts • Bankers' acceptances • Reverse-repurchase agreements Cash and Investments—Deferred Compensation Plan The City offers its employees two deferred compensation plans created in accordance with Internal Revenue Code Section 457. One plan is for full-time employees and one is for part-time employees. The market value of the plans' assets at June 30, 1993 is$44,901 and $6,173, respectively. See note 10 for additional information about these plans. 11 CITY OF MOORPARK,CALIFORNIA Notes to General Purpose Financial Statements,Continued (4) Tax Allocation Bonds Payable The following is a schedule of changes in long-term debt of the City for the fiscal year ended June 30, 1993: Balance, Balance, July 1,1992 Addition Payments June 30,1993 1993 Tax Allocation Bonds $ — 10,000,000 — 10,000,000 1993 Bonds On June 1,1993, the City issued a$10,000,000 aggregate principal amount of Moorpark Redevelopment Project, 1993 Tax Allocation Bonds(the Bonds). The purpose of the Bonds was to finance a portion of the costs of implementing the Redevelopment Plan,including low-and moderate-income housing projects. The Bonds bear interest at rates ranging from 3.30% to 6.00%per annum,payable semiannually on April 1 and October 1 of each year,commencing on October 1,1993 and are subject to mandatory sinking fund redemption commencing on October 1,2008 and on each October 1 thereafter. The Bonds are payable from and secured by the tax revenues to be derived from the project area. The Bonds are secured by all tax increment revenue which is deposited directly with the fiscal agent and recorded in the Debt Service Fund. Cash and investments in the custody of the fiscal agent are restricted by the bond resolutions for payment of principal and interest on the Tax Allocation Bonds. In addition,the bond resolutions require retention of funds held by the fiscal agent prior to use for other than debt service. The Bonds are subject to optional redemption on any interest payment date on or after October 1,2003,by lot within a maturity,at the option of the Agency at a redemption price equal to the principal amount to be redeemed together with accrued interest to the redemption date(expressed as a percentage of the principal amount of Bonds to be redeemed)as follows: Redemption Redemption dates price October 1,2003 and April 1,2004 102% October 1,2004 and April 1,2005 101 October 1,2005 and thereafter 100 12 CITY OF MOORPARK,CALIFORNIA Notes to General Purpose Financial Statements,Continued The City is in compliance with the covenants contained in debt indentures, which require the establishment of certain specific accounts for the Tax Allocation Bonds. A reserve account is required to be maintained in an amount equal to the lesser of(i)the maximum annual debt service($788,200)or (ii)the maximum amount permitted to be deposited in the Debt Service Reserve Account($1,000,000). The balance of the reserve account at June 30,1993 is$788,200. Debt service payments on the 1993 Tax Allocation Bonds payable will be made from the Debt Service Fund. Annual debt service requirements to maturity are as follows: Fiscal year Principal Interest Total 1993-94 $ — 193,380 193,380 1994-95 200,000 580,139 780,139 1995-96 210,000 573,539 783,539 1996-97 215,000 564,929 779,929 1997-98 225,000 555,469 780,469 Thereafter 9,150,000 7,266,261 16,416,261 Total $ 10,000,000 9,733,717 19,733,717 (5) Low-and Moderate-Income Housing Set Aside The Health and Safety Code Section 33334.2 requires cities with redevelopment agencies to use at least 20% of tax increment revenues generated by a redevelopment project area to increase and improve the supply of low-and moderate-income housing in the community. Accordingly,the Agency's commitment for its low-and moderate-income housing program from the issuance of the 1993 Tax Allocation Bonds described in note 4 amounted to$1,784,860 and is reflected as a reservation of fund balance in the Low and Moderate Income Housing Special Revenue Fund. 13 CITY OF MOORPARK,CALIFORNIA Notes to General Purpose Financial Statements,Continued (6) Retirement Plan Plan Description The City contributes to the California Public Employees Retirement System(PERS), an agent multiple-employer public employee retirement system that acts as a common investment and administrative agent for participating public entities within the State of California. The City's total covered payroll for employees participating in PERS for the year ended June 30, 1993 was $1,291,589. The City's total payroll for the year ended June 30, 1993 was$1,374,035. Investment Policy All full-time City employees are eligible to participate in PERS. Benefits vest after five years of service. Employees who retire at or after age 50, with five years of credited service, are entitled to an annual retirement benefit, payable monthly for life, in an amount based on the three highest years' salary that varies from 1.092% at age 50 to a maximum of 2.418%at age 63 and over for each year of credited service. The system also provides death and survivor's benefits. These benefit provisions and all other requirements are established by state statute and City ordinance. Employee and Employer Contribution Obligations The City makes contributions for employees on their behalf. The rate is set by statute and therefore remains unchanged from year to year. The present rate is 7%. The City is required to contribute the remaining amounts necessary to fund the benefits for its members,using the actuarial recommended by PERS actuaries and actuarial consultants and adopted by the PERS Board of Administration. Funding Status and Progress The amount shown below as the"pension benefit obligation"is a standardized measure of the present value of pension benefits,adjusted for the effects of projected salary increases and step-rate benefits,estimated to be payable in the future as a result of employee service to date. The measure is intended to help users assess the funding status of the system on a going-concern basis,assess progress made in accumulating sufficient assets to pay benefits when due and make comparisons among employers. The measure is the actuarial present value of credited projected benefits and is independent of the funding method used to determine contributions to PERS. 14 CITY OF MOORPARK,CALIFORNIA Notes to General Purpose Financial Statements,Continued The pension benefit obligation was computed as part of an actuarial valuation performed as of June 30, 1991. Significant'actuarial assumptions used in the valuation include(a)a rate of return on the investment of present and future assets of 8.75%per year compounded annually;(b)projected salary increases of 5.25%per year compounded annually,attributable to inflation and across the board real salary increases; (c) additional projected salary increases of 1.75% per year,attributable to seniority/merit;and (d) no postretirement benefit increases. Net assets in excess of the pension benefit obligation applicable to the City's employees at June 30, 1992, the latest date actuarial information is available, is as follows: Pension benefit obligation: Retirees and beneficiaries currently receiving benefits and terminated employees not yet receiving benefits $ 46,070 Current employees: Accumulated employee contributions,including allocated investment earnings 341,411 Employer-financed vested 100,034 Employer-financed nonvested 141,992 Total pension benefit obligation 629,507 Net assets available for benefits, at cost (market value is$826,237) 732,480 Net assets in excess of pension benefit obligation $ 102,973 Contributions Required and Contributions Made PERS uses the entry-age-normal-actuarial-cost method. As a projected-benefit-cost method,it takes into account those benefits that are expected to be earned in the future as well as those already accrued. The normal cost for an employee is the level amount which would fund the projected benefit if it were paid annually from date of employment until retirement. PERS uses a modification of the entry-age-cost method in which the employer's total normal cost is expressed as a level percent of payroll. The significant actuarial assumptions used to compute the actuarially determined contribution requirement are the same as those used to compute the pension benefit obligation. 15 CITY OF MOORPARK,CALIFORNIA Notes to General Purpose Financial Statements,Continued The City's contribution to PERS for 1993 of$170,957(including$90,411 contributed by the City on behalf of its employees)was made in accordance with actuarially determined requirements computed through an actuarial valuation performed as of June 30, 1992. The contribution included$79,409 of normal cost(6.148% of current covered payroll)and$1,137 of amortization of unfunded actuarial liability (.088% of current covered payroll). Trend Information Trend information gives an indication of the progress made in accumulating sufficient assets to pay benefits when due. Until ten years of data are available, as many years as are available will be presented. Trend information for the City is available for the six years ended June 30,1993 and is summarized as follows: 1993 1992 1991 1990 1989 1988 Net assets available for benefits $ N/A 732,480 530,168 358,597 223,956 134,123 Pension benefit obligation N/A 629,507 449,839 305,831 184,551 111,111 Net assets available for benefits as a percentage of pension benefit obligation N/A 116.36% 117.86% 117.25% 121.35% 120.71% Net assets in excess of pension benefit obligation N/A 102,973 80,329 52,766 39,405 23,012 Covered payroll 1,291,589 1,092,390 982,762 750,267 591,750 429,673 Pension benefit obligation as a percentage of covered payroll N/A 9.43% 8.17% 7.03% 6.66% 5.36% Employer contribution as a percentage of covered payroll 6.29% 6.99% 7.78% 8.28% 8.44% 8.95% N/A=Information is not available as of June 30, 1993. 16 CITY OF MOORPARK, CALIFORNIA Notes to General Purpose Financial Statements,Continued (7) Property and Equipment A summary of changes in general fixed assets for the year ended June 30,1993 follows: Balance, Balance, July 1,1992 Additions Disposals June 30,1993 Land $ 6,838,062 — — 6,838,062 Buildings and structures 1,648,748 22,375 — 1,671,123 Improvements other than buildings 2,013,809 1,396,701 — 3,410,510 Office furniture and equipment 580,241 81,075 — 661,316 Other equipment 273,233 13,670 2,267 284,636 $ 11,354,093 1,513,821 2,267 12,865,647 (8) Fund Balances Designated Fund Balances The City has designated$500,000 of the fund balance of the State Gas Tax Special Revenue Fund to be used for reimbursement of a third party for the cost of certain road improvements. Funds in excess of constitutional spending limitations of$665,269 for years prior to and including the year ended June 30, 1993 have been designated in the General Fund. The voters have approved the use of these funds by the City. The City has designated $8,418,992 in the Redevelopment Agency Capital Projects Fund for future capital projects. 17 CITY OF MOORPARK,CALIFORNIA Notes to General Purpose Financial Statements,Continued (9) Interfund Transactions A summary of operating transfers,interfund due to/from accounts and residual equity transfers as of and for the year ended June 30,1993 are included in the following table. The accounting for the activities of certain Special Revenue Funds was changed to other Special Revenue Funds effective July 1, 1992. Accordingly,the transfer of the remaining fund balance(accumulated deficit)of the funds no longer in use was recorded as a residual equity transfer. Due from Due to Residual Residual Operating Operating other other equity equity transfers in transfers out funds funds transfers in transfers out General Fund $ 41,426 318,592 — — — — Special Revenue Funds: State Gas Tax Fund 38,586 30,130 192,000 — — — Park Development Fund 22,540 — — — 91,652 16,440 Community Center Fund — 14,426 — — — — TDA Article 3 30,130 38,586 — — — — Citywide Traffic Mitigation — — — — 172,275 — Park Maintenance Fund 18,592 — — — — — Tierra Rejada/Spring Road AOC Fund — — — 192,000 — — Los Angeles Avenue AOC Fund — — — — 1,888,882 — Los Angeles Avenue Alternate Route AOC Fund — — — — — 2,061,157 Recreation Fund — 27,000 — — — — Senior Center Bond Act Fund — — — — 16,440 — Community Development Fund — 22,540 — — — — Municipal Pool Fund — — — — — 21,706 Art in Public Places Fund — — — — — 45,037 Bicycle and Equestrian Fund — — — — — 24,909 Capital Projects Funds: City Hall Building Fund 200,000 — — — — — Equipment Replacement Fund 100,000 — — — — — $ 451,274 451,274 192,000 192,000 2,169,249 2,169,249 18 CITY OF MOORPARK,CALIFORNIA Notes to General Purpose Financial Statements,Continued (10) Employee Deferred Compensation Plans The City offers its employees two deferred compensation plans created in accordance with Internal Revenue Code Section 457. The first plan is available to all full-time City employees. The second plan, available to all part-time City employees, is used for purposes of providing retirement benefits to these employees. The City contributes 7.50% of the part-time employees' salaries into this plan on behalf of the employees. Both plans permit the employees to defer a portion of their salary until future years. The deferred compensation is not available to employees until termination,retirement,death or unforeseeable emergency. All amounts of compensation deferred under the plan,all property and rights purchased with those amounts,and all income attributable to those amounts,property or rights are (until paid or made available to the employee or other beneficiary) solely the property and rights of the City(without being restricted to the provisions of benefits under the plan),subject only to the claims of the City's general creditors. Participants'rights under the plan are equal to those of general creditors of the City in an amount equal to the fair market value of the deferred account for each participant. It is the opinion of the City's Administration that the City has no liability for losses under the plan but does have the duty of due care that would be required of an ordinary prudent investor. The City believes that it is unlikely that it will use the assets to satisfy the claims of general creditors in the future. (11) Commitments and Contingencies Commitments The City has contracted with the County of Ventura for various services,principally law enforcement. These contracts are cancelable by the City or the County on May 31 of each year after 30 days notice has been given,and are renegotiated annually. The aggregate of these and other various contractual commitments total approximately$2,447,700 for the year ended June 30, 1993. The City has entered into an agreement with the California Department of Transportation (Caltrans)and a developer. Under the terms of this agreement, the City will purchase undeveloped property, trade it for similar property owned by Caltrans and then sell the traded property to a developer for an amount equal to the cost of the purchased undeveloped property. The purchase of the undeveloped property trade with Caltrans and sale of such property will occur simultaneously and will result in no net cash outlay by the City. 19 CITY OF MOORPARK,CALIFORNIA Notes to General Purpose Financial Statements,Continued Contingencies There are certain legal actions pending against the City which management considers incident to normal operations, some of which seek substantial monetary damages. In the opinion of management,after consultation with counsel,the ultimate resolution of such actions is not expected to have a significant effect on the financial position or the results of operations of the City. (12) Residential Mortgage and Industrial Revenue Bonds The City sponsored a revenue bond program during the year ended June 30,1985 under which$20,000,000 of Single Family Residential Mortgage Revenue Bonds were issued. The Single Family Mortgage program is designed to provide funds to acquire mortgage loans on single family residences located in the City. These bonds are secured by a pledge of all loans receivable advanced from the bond proceeds by the Trustee,First Interstate Bank of California,and are serviced from payments on the loans to the Trustee. The City sponsored a revenue bond program during the year ended June 30,1986,under which$22,600,000 of Multi-Family Housing Revenue Bonds were issued. The program is designed to assist in making low and moderate cost rental housing available in the City. The City is guaranteed that 10% of the units of the project financed with the bonds are made available to persons and families with incomes not exceeding 80%of the County median income and another 10%of the units for persons and families with income not exceeding 50%of the County median income. The units are available under this program for a 30-year period. These bonds are secured by a letter of credit issued by Citibank,N.A., dated December 23, 1985. The program is administered by the Trustee, Security Pacific National Bank. The City Council,serving as the Industrial Development Authority of the City of Moorpark,issued $9,300,000 of Industrial Revenue Bonds during the year ended June 30,1986. The bonds were issued to finance the development and construction of manufacturing facilities for the Kavlico Corporation. These bonds are secured by a standby letter of credit issued by Bank of America. Dai Ichi Kangyo Bank of California serves as the Trustee for these bonds. The bonds described above are not indebtedness of the City,and there exists no legal or moral obligation on the part of the City to make payments on such bonds from any source other than the revenues and assets pledged therefor. The programs are completely administered by the Trustees without any involvement by the City. Accordingly,these programs and the bonds issued thereunder have been excluded from the accompanying general purpose financial statements. 20 CITY OF MOORPARK,CALIFORNIA Notes to General Purpose Financial Statements,Continued • (13) General Liability Insurance The City is self insured through the Southern California Joint Powers Insurance Authority. The Authority is made up of approximately 70 Southern California municipalities and provides joint protection wherein cities pool their losses and claims,jointly purchase excess insurance and share administrative and related costs. The program includes both comprehensive liability and workers' compensation coverage for member cities. Under the liability program, the City absorbs the first$20,000 of each occurrence (retained losses),shares pro rata all members'losses from$20,000 to$500,000 based on each member's retained losses as a percentage of total retained losses,and shares pro rata remaining losses from$500,000 to$1 million and general and administrative costs based on member's payroll. A separate pool is set aside to cover losses from$1 million to$10 million. Workers' compensation coverages are the first$10,000;$10,000 to$100,000;$100,000 to$500,000;and above$500,000 to$5,000,000 covered by an excess insurance policy. No long-term debt has been incurred by the Authority. Because the City does not have primary oversight responsibility, the Authority is not considered part of the City's reporting entity. A summary balance sheet and statement of operations and retained earnings of SCJPIA as of and for the year ended June 30, 1993 is as follows: Cash and investments $ 64,583,987 Deposits receivable 10,193,143 Accrued interest receivable 570,386 Other assets 739,014 Total assets $ 76,086,530 Liabilities: Unpaid claim liabilities $ 40,020,000 Unearned deposits 17,968,109 Accounts payable and accrued expenses 322,398 Total liabilities 58,310,507 Retained earnings, substantially reserved for future catastrophic losses 17,776,023 Total liabilities and retained earnings $ 76,086,530 21 CITY OF MOORPARK,CALIFORNIA Notes to General Purpose Financial Statements,Continued Revenues: Deposits earned $ 18,047,319 Interest income 3,831,746 Retrospective adjustments, net 424,449 Other 284,653 Total revenues 22,588,167 Costs and expenses: Incurred claims and other insurance costs 10,492,445 Contractual services 171,231 General and administrative expenses 1,176,038 Total costs and expenses 11,839,714 Net income 10,748,453 Retained earnings,July 1, 1992 7,027,570 Retained earnings,June 30,1993 $ 17,776,023 (14) Special Assessment Bonds On April 1, 1993,the City sponsored the issuance of special assessment bonds to finance certain capital improvements for the Mission Bell Plaza project. These bonds, totaling$2,595,000,of which$735,000 and $1,475,000 mature in 2013 and 2023, respectively, were issued under the 1915 Improvement Bond Act and are obligations against the properties in the assessment district. An allocation of property taxes from properties in the assessment district will be forwarded to an independent bank that serves as the paying agent. The bonds are not indebtedness of the City,and the City is not liable for their repayment. Accordingly, these special assessment bonds payable have been excluded from the accompanying general purpose financial statements. 22 CITY OF MOORPARK,CALIFORNIA Notes to General Purpose Financial Statements,Continued Seven properties in the assessment district, which have been rezoned for commercial use,are currently used for residential or agricultural purposes. The City has advanced the full amount of the assessment on these properties to the paying agent, $1,219,158, which the paying agent has used to purchase certain securities which have been placed in trust accounts to be used solely to provide for principal of and interest on the seven properties' proportionate share of the bonds through maturity. Notes receivable,secured by deeds of trust, have been established for these advances with interest accruing at a variable rate equivalent to the lesser of the rate at which the City earns on funds deposited in the State Treasurer's Local Agency Investment Fund or 7%. The notes and accrued interest are due at the earlier of(1)sale of the property, (2) conversion of the property to a commercial use or (3) the maturity of the notes in March 2023. 23 SUPPLEMENTARY INFORMATION SPECIAL REVENUE FUNDS Schedule 1 CITY OF MOORPARK,CALIFORNIA Combining Balance Sheet-All Spedal Revenue Funds June 30,1993 with comparative total figures at June 30,1992 Local Local Park Community Transportation Transportation Traffic Safety State Gas Tax Development Center Streets Transit Assets Fund(02) Fund(03) Fund(05) Fund(07) Fund(11) Fund(12) Cash and investments $ 152,767 2,107,205 3,948,930 1,772 476,213 422,622 Restricted cash and investments - - - - - - Accounts and interest receivable,net 6,080 30,045 103,476 75 66,770 8,316 Due from other funds - 192,000 - - - - Total assets $ 158,847 2,329,250 4,052,406 1,847 542,983 430,938 Liabilities and Fund Balances Liabilities: Accounts payable and accrued liabilities $ 25,392 254,118 173,715 - 336,073 17,500 Due to other funds - - - - - - Deferred revenue - - - - - 413,438 Total liabilities 25,392 254,118 173,715 - 336,073 430,938 _ Fund balances: Reserved for receivables due after one year - - - - - - Reserved for low/moderate income housing - - - - - - Unreserved: Designated - 500,000 - - - - Undesignated 133,455 1,575,132 3,878,691 1,847 206,910 - Total fund balances 133,455 2,075,132 3,878,691 1,847 206,910 - Total liabilities and fund balances $ 158,847 2,329,250 4,052,406 1,847 542,983 430,938 (Continued) 24 Schedule 1-2 CITY OF MOORPARK,CALIFORNIA Combining Balance Sheet-All Special Revenue Funds,Continued June 30,1993 with comparative total figures at June 30,1992 Transportation Citywide State Transit Development CDBG Police Traffic Assistance Act(Article 3) Entitlement Facilities Fee Mitigation Assets Fund(13) Fund(15) Fund(18) Fund(20) Fund(21) Cash and investments $ 146,080 98,090 3,868 450,985 431,688 Restricted cash and investments - - - - - Accounts and interest receivable,net 1,733 1,112 121,824 - 5,108 Due from other funds - - - - - Total assets $ 147,813 99,202 125,692 450,985 436,796 Liabilities and Fund Balances Liabilities: Accounts payable and accrued liabilities $ - 1,226 66,082 2,000 - Due to other funds - - - - - Deferred revenue - - - - - Total liabilities - 1,226 66,082 2,000 - Fund balances: Reserved for receivables due after one year - - 50,000 - - Reserved for low/moderate income housing - - - - - Unreserved: Designated - - - - - Undesignated 147,813 97,976 9,610 498,985 436,796 Total fund balances 147,813 97,976 59,610 448,985 436,796 Total liabilities and fund balances $ 147,813 99,202 125,692 450,985 436,796 (Continued) 25 Schedule 1-3 CITY OF MOORPARK,CALIFORNIA Combining Balance Sheet-All Special Revenue Funds,Continued June 30,1993 with comparative total figures at June 30,1992 Tierra Affordable Landscape and Traffic System Park Rejada/Spring Los Angeles Housing Lighting Management Maintenance Road AOC Avenue AOC Assets Fund(22) Fund(23) Fund(24) Fund(25) Fund(26) Fund(27) Cash and investments $ 313,685 393,672 190,349 35,721 761,695 6,231,524 Restricted cash and investments - - - - - - Accounts and interest receivable,net 110,819 13,254 1,465 10,704 6,852 1,380,582 Due from other funds - - - - - - Total assets $ 424,504 406,926 191,814 46,425 768,547 7,612,106 Liabilities and Fund Balances Liabilities: Accounts payable and accrued liabilities $ - 91,571 - 46,425 1,436 64,665 Due to other funds - - - - 192,000 - Deferred revenue - - - - - - Total liabilities - 91,571 - 46,425 193,436 64,665 Fund balances: Reserved for receivables due after one year 92,152 - - - - 1,219,158 Reserved for low/moderate income housing - - - - - - Unreserved: Designated - - - - - - Undesignated 332,352 315,355 191,814 - 575,111 6,328,283 Total fund balances 424,504 315,355 191,814 - 575,111 7,547,441 Total liabilities and fund balances $ 424,504 406,926 191,814 46,425 768,547 7,612,106 (Continued) 26 Schedule 1-4 CITY OF MOORPARK,CALIFORNIA Combining Balance Sheet–All Special Revenue Funds,Continued June 30,1993 with comparative total figures at June 30,1992 Los Angeles Avenue Casey/Gabbert Alternate Senior Center Community Road AOC Route AOC Recreation Bond Act Development Assets Fund(28) Fund(29) Fund(33) Fund(35) Fund(41) Cash and investments $ 38,603 — 36,888 — 726,189 Restricted cash and investments — — — — — Accounts and interest receivable,net 393 — (16) — 610 Due from other funds — — — — — Total assets $ 38,996 — 36,872 — 726,799 Liabilities and Fund Balances Liabilities: Accounts payable and accrued liabilities $ — — 2,081 — 140,859 Due to other funds — — — — — Deferred revenue — — 22,571 — — Total liabilities — — 24,652 — 140,859 Fund balances: Reserved for receivables due after one year — — — — — Reserved for low/moderate income housing — — — — — Unreserved: Designated — — — — — Undesignated 38,996 — 12,220 — 585,940 Total fund balances 38,996 — 12,220 — 585,940 Total liabilities and fund balances $ 38,996 — 36,872 — 726,799 (Continued) 27 Schedule 1-5 CITY OF MOORPARK,CALIFORNIA Combining Balance Sheet–All Special Revenue Funds,Continued June 30,1993 with comparative total figures at June 30,1992 Low-and Crossing Art in Public Bicycle and Moderate- Guard Municipal Places Equestrian Income Housing Totals Assets Fund(43) Pool Fund(45) Fund(46) Fund(47) Fund 1993 1992 Cash and investments $ 93,145 — — — — 17,061,691 17,962,903 Restricted cash and investments — — — — 1,780,651 1,780,651 Accounts and interest receivable,net 1,168 — — — 4,209 1,874,579 482,817 Due from other funds — — — — — 192,000 152,003 Total assets $ 94,313 — — — 1,784,860 20,908,921 18,597,723 Liabilities and Fund Balances Liabilities: Accounts payable and accrued liabilities $ — — — — — 1,293,143 523,469 Due to other funds — — — — — 192,000 150,440 Deferred revenue — — — — — 436,009 999,133 Total liabilities — — — — — 1,851,152 1,673,042 Fund balances: Reserved for receivables due after one year — — — — — 1,361,310 142,152 Reserved for low/moderate income housing — — — — 1,784,860 1,784,860 — Unreserved: Designated — — — 500,000 500,000 Undesignated 94,313 — — — — 15,411,599 16,282,529 Total fund balances 94,313 — — — 1,784,860 19,057,769 16,924,681 Total liabilities and fund balances $ 94,313 — — — 1,784,860 20,908,921 18,597,723 28 Schedule 2 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Accumulated Deficits)-All Special Revenue Funds Year ended June 30,1993 with comparative total figures for the year ended June 30,1992 Local Local Park Community Transporation Transporatation Traffic Safety State Gas Tax Development Center Fund Streets Fund Transit Fund Fund(02) Fund(03) Fund(05) (07) (11) (12) Revenues: Other taxes E - 443,706 - - - - Building and safety fees - - - - - - Maintenance assessments - - 99,980 Subventions and grants - - - - 502,861 74,716 Planning and public works fees - 190,821 - - - - Park development fees - - 75,493 - - - Charges for current services - - 10,357 14,372 - 8,421 Fines and forfeitures 52,178 - Interest 10,033 108,988 221,644 6 44,339 15,323 Other - 4,680 1,473 - - 4,772 Total revenues 62,211 748,195 408,947 14,378 547,200 103,232 Expenditures: Current General government - - - - - - Public safety 135,587 - - - Public services 37,081 502,878 - - 64 100,580 Parks and recreation - - - Capital outlay 659,374 1,065,868 - 1,065,592 2,652 Total expenditures 172,668 1,162,252 1,065,868 - 1,065,656 _ 103,232 Excess(deficiency)of reve- nues over expenditures (110,457) (414,057) (656,921) 14,378 (518,456) - Other financing sources(uses): Disallowed costs returned to County of Ventura - - - - - - Operating transfersin - 38,586 22,540 - - - Operating transfers out - (30,130) - (14,426) - - Developer in-lieu fee - - 932,701 - - - Proceeds from issuance of tax allocation bonds - - - - - Total other financing sources(uses) - 8,456 955,241 (14,426) - - Excess(deficiency)of revenues and other sources over expenditures and other uses (110,457) (405,601) 298,320 (48) (518,456) - Fund balances(accumulated deficits), July 1 243,912 2,480,733 3,505,159 1,895 725,366 - Residual equity transfers in - - 91,652 - - - Residual equity transfers out (16,440) - - Fund balances,June 30 5 133,455 2,075,132 3,878,691 1,847 206,910 (Continued) 29 Schedule 2-2 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Accumulated Deficits)-All Special Revenue Funds,Continued Year ended June 30,1993 with comparative total figures for the year ended June 30,1992 Transportation Citywide State Transit Development CDBG Polke Traffic Assistance Act(Artkle 3) Entitlement Facilities Fee Mitigation Fund(13) Fund(151 Fund(18) Fund(20) Fund(21) Revenues Other taxes 5 - - - Building and safety fees - - - 27,454 - Maintenance assessments - - - - 55,506 Subventions and grants - 34,500 323,307 - - Planning and public works fees - - - - 657 Park development fees - - - Charges for current services - - - Fines and forfeitures - - - - - Interest 7,496 4,808 - - 22,092 Other - - - - - Total revenues 7,496 39,308 323,307 27,454 78,255 Expenditures: Current General government - - - - - Public safety - - - - - Public services - - 43,197 - - Parks and recreation - - - Capital outlay - 1,319 280,138 2,000 - Total expenditures - 1,319 323,335 2,000 - Excess(deficiency)of reve- nues over expenditures 7,496 37,989 (28) 25,454 78,255 Other financing sources(uses)- Disallowed mats returned to County of Ventura Operating transfers in - 30,130 - - - Operating transfers out - (38,586) - Developer in-lieu fee - - - - - Proceeds from issuance of tax allocation bonds - - - - - Total other financing sources(uses) - (8,456) - - - Excess(deficiency)of revenues and other sources over expenditures and other uses 7,496 29,533 (28) 25,454 78,255 Fund balances(accumulated deficits), July 1 140,317 68,443 59,638 423,531 186266 Residual equity transfers in - - 172275 Residual equity transfers out - - - - - Fund balances,June 30 5 147,813 97,976 59,610 448,985 436,796 (Continued) 30 Schedule 2-3 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Deficit)-All Special Revenue Funds,Continued Year ended June 30,1993 with comparative total figures for the year ended June 30,1992 Tiara Affordable Landscape and Traffic System Park Rejada/Spring Los Angeles Housing Fund Lighting Fund Management Maintenance Road AOC Avenue AOC (22) (23) Fund(24) Fund(25) _ Fund(26) Fund(27) Revenues Other taxes 5 Building and safety fees - - - - - - Maintenance assessments - 445,944 122,875 352/145 437,019 296,085 Subventions and grants - - - - - - Planning and public works fees - - - - - - Park development fees Charges for current services -- - - - - - Fines and forfeitures Interest 22,658 1,938 6,336 1,920 29,635 379,618 Other 45,538 1282 - 109 - 456 Total revenues 68,196 449,164 129211 354/174 466,654 676,159 Expenditures: Current General government Public safety - - - - - - Public services - 340,758 - - 32,199 40 Parks and recreation - - - 373,066 - - Capital outlay - 49,236 - - 81,524 221,436 Total expenditures - 389,994 - 373,066 113,723 221/176 Excess(deficiency)of reve- nues over expenditures 68,196 59,170 129,211 _ (18,592) 352,931 454,683 Other financing sources(uses): Disallowed costs returned to County of Ventura Operating transfers in - - - 18,592 - - Operating transfers out Developer in-lieu fee Proceeds from issuance of tax allocation bonds Total other financing sources(uses) - - - 18,592 - - Excess(deficiency)of revenues and other sources over expenditures and other uses 68,196 59,170 129211 - 352,931 454,683 Fund balances(accumulated deficits), July 1 356,308 256,185 62,603 - 222,180 5203,876 Residual equity transfers in - - - - - 1,888,882 Residual equity transfers out - - - - - - Fund balances,June 30 5 424,504 315,355 191,814 - 575,111 7,547,441 (Continued) 31 Schedule 2-4 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Accumulated Deficits)-All Special Revenue Funds,Continued Year ended June 30,1993 with comparative total figures for the year ended June 30,1992 Los Angeles Avenue Casey/Gabbert Alternate Senior Center Coaummity Road AOC Route AOC Recitation Bond Act Fund Development Fund 128) Fund(29) Fund(33) (35) Fund 141) Revenues: Other taxes S — — — — — Building and safety fees — — — Maintenance assessments 1,560 — — — — Subventions and grants — - — — — Planning and public works fees 1,252,120 Park development fees -- — — — — Charges for current services — — 85,936 — — Fines and forfeitures — — — — — Interest 2,552 - -- Other — - — 497 Total revenues 4,112 — 85,936 — 1,252,617 Expenditures' Current General government — — — — — Public safety — — — — — Public services — — — — 1,360,313 Parks and recreation — — 52,997 — — Capital outlay — — — — — Total expenditures — — 52,997 — 1,360,313 Excess(deficiency)of reve- nues over expenditures 4,112 — 32,939 — (107,696) Other financing sources(uses). Disallowed costs returned to County of Ventura — — — — Operating transfers in — — — — — Operating transfers out — — (27,000) — (22,540) Developer in-lieu fee — — — Proceeds from issuance of tax allocation bonds — — — — — Total other financing sources(uses) — — (27,000) - - (22540) Excess(deficiency)of revenues and other sources over expenditures and other uses 4,112 - 5,939 (130,236) Fund balances(accumulated deficits), July 1 34,884 2,061,157 6,281 (16,140) 716,176 Residual equity transfers in — — — 16,440 - Residual equity transfers out — (2,061,157) — — — Fund balances,June 30 5 38,996 12,220 585,940 (Continued) 32 Schedule 2-5 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Accumulated Deficits)-All Special Revenue Funds,Continued Year ended June 30,1993 with comparative total figures for the year ended June 30,1992 Low-and Crossing Art in Public Bicycle and Moderate- Guard Fund Municipal Places Fund Equestrian Income Housing Totals (43) Pool Fund(45) (46) Fund(47) Fund 1993 1992 Revenues: Other taxes 8 443,706 447,810 Building and safety fees - 27,454 11,890 Maintenance assessments - - - - - 1,811,414 825,624 Subventions and grants 935,384 725,609 Planning and public works fees - - - 1,443,598 926,433 Park development fees 75,493 10,284 Charges for current services - - - - - 119,086 167,385 Fines and forfeitures 52,178 60,666 Interest 5,051 - - - 4,209 888,646 1,174,888 Other - - - 58,807 154,327 Total revenues 5,051 4,209 5,855,766 4,504,916 Expenditures: Current: General government - - - 4,664 Public safety - - 135,587 68,885 Public services 5,297 - - - - 2,422,407 1,985,460 Parks and recreation - - 426,063 509,050 Capital outlay - - 3,429,139 1,421,222 Total expenditures 5,297 - - - - 6,413,196 3,989,281 Excess(deficiency)of reve- nues over expenditures (246) 4,209 (557,430) 515,635 Other financing sources(uses): Disallowed costs returned to County of Ventura (150,000) Operating transfers in - 109,848 404,510 Operating transfers out - - - - - (132,682) (321,130) Developer in-lieu fee 932,701 48,206 Proceeds from issuance of tax allocation bonds - - - - 1,780,651 1,780,651 - Total other financing sources(uses) - - 1,780,651 2,690,518 (18,414) Excess(deficiency)of revenues and other sources over expenditures and other uses (246) 1,784,860 2,133,088 497,221 Fund balances)accumulated deficits), July 1 94,559 21,706 45,037 24,909 - 16,924,681 16,427,460 Residual equity transfers in 2,169,249 - Residual equity transfers out - (21,706) (45,037) (24,909) - (2,169,249) - Fund balances,June 30 5 94,313 1,784,860 19,057,769 16,924,681 33 Schedule 3 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Accumulated Deficits)-Budget and Actual-All Special Revenue Funds Year ended June 30,1993 with comparative total figures for the year ended June 30,1992 Traffic Safety Fund(02) State Gas Tax Fund(03) Variance- Variance- favorable favorable Budget _ Actual (unfavorable) Budget Actual (unfavorable) Revenues: Other taxes 5 - 454,097 443,706 (10,391) Building and safety fees - - - - - - Maintenance assessments - - - - - - Subventions and grants - - - - - - Planning and pub he works fees - - 190,821 190,821 Park development fees - - - - - - Charges for current services - - - - - - Fines and forfeitures 64,000 52,178 (11,822) - - - Interest 7,000 10,033 3,033 45,500 108,988 63,488 Other - - - - 4,680 4,680 Total revenues 71,000 62,211 (8,789) 499,597 748,195 248,598 Expenditures: Current: General government - - - Public safety 132,850 135,587 (2,737) - - - Public services 56,752 37,081 19,671 547,401 502,878 44,523 Parka and recreation - - - - - - Capital outlay 2,844 - 2,844 937,900 659,374 _ 278,526 Total expenditures 192,446 172,668 19,778 1,485,301 1,162,252_ 323,049 Excess(deficiency)of reve- nues over expenditures (121,446) (110,457) 10,989 (985,704) (414,057) 571,647 Other financing sources(uses)! Operating transfers in - - - - 38,586 38,586 Operating transfers out - - - - (30,130) (30,130) Developer in-lieu fee - - - - - - Proceeds from issuance of tax allocation bonds - - - - Total other financing sources(uses) - - - - 8,456 8,456 Excess(deficiency)of revenues and other sources over expenditures and other uses (121,446) (110,457) 10,989 (985,704) (405,601) 580,103 Fund balances(accumulated deficits), July 1 243,912 243,912 - 2,480,733 2,480,733 - Residual equity transfers in - - - - - - Residual equity transfers out - - Fund balances(accumulated deficits), June 30 S 122,466 133,455 10,989 1,495,029 2,075,132 580,103 (Continued) 34 Schedule 3-2 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Accumulated Deficits)-Budget and Actual-All Special Revenue Funds Year ended June 30,1993 with comparative total figures for the year ended June 30,1992 Park Development Fund(05) Community Center Fund(07) Variance- Variance- favorable favorable Budget Actual (unfavorable) Budget Actual (unfavorable) Revenues: Other taxes S - - - - - - Building and safety fees - - - - - - Maintenance assessments - 99,980 99,980 - Subventions and grants - - - - Planning and public works fees - - - - - - Park development fees 686,000 75,493 (610,507) - Charges for current services 15,000 10,357 (4,643) - 14,372 14,372 Fines and forfeitures - - - - - - Interest 153,685 221,644 67,959 - 6 6 Other - 1,473 1,473 500 - (500) Total revenues 854,685 408,947 (445,738) 500 14,378 13,878 Expenditures: Current: General government - - - - - - Public safety - - - - - - Public services - - - - - - Parks and recreation - - - - - - Capital outlay 1,945,300 1,065,868 879,432 - - - Total expenditures 1,945,300 1,065,868 879,432 _ - _ - - Excess(deficiency)of reve- nues over expenditures (1,090,615) (656,921) 433,694 500 14,378 13,878 Other financing sources(uses): Operating transfers in 113,667 22,540 (91,127) - - - Operating transfers out - - - (14,426) (14,426) - Developer in-lieu fee - 932,701 932,701 - - - Proceeds from issuance of tax allocation bonds - - - - - - Total other financing sources(uses) 113,667 955,241 841,574 (14,426) (14,426) - Excess(deficiency)of revenues and other sources over expenditures and other uses (976,948) 298,320 1,275,268 (13,926) (48) 13,878 Fund balances(accumulated deficits), July 1 3,505,159 3,505,159 - 1,895 1,895 - Residual equity transfers in - 91,652 91,652 - - - Residual equity transfers out - (16,440) (16,440) - - - Fund balances(accumulated deficits), June 31) S 2,528,211 3,878,691 1,350,480 (12,031) 1,847 13,878 (Continued) 35 Schedule 3-3 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Accumulated Deficits)-Budget and Actual-All Special Revenue Funds Year ended June 30,1993 with comparative total figures for the year ended June 30,1992 Local Transportation Streets Fund(11) Local Transportation Transit Fund(12) Variance- Variance- favorable favorable Budget Actual (unfavorable) Budget Actual (unfavorable) Revenues: Other taxes S - - - - - - Building and safety fees - - - - - - Maintenance assessments - - - - - - Subventions and grants 739,340 502,861 (236,479) 758,600 74,716 (683,884) Planning and public works fees - - - - - - Park development fees - - - - Charges for current services - - - - 8,421 8,421 Frees and forfeitures - - - - - - Interest 14,000 44,339 30,339 - 15,323 15,323 Other 5,000 - (5,000) 132,000 4,772 (127,228) Total revenues 758,340 547,200 (211,140) 890,600 103,232 (787,368) Expenditures: Current: General government - - - - - - Public safety - - - - - - Public services - 64 (64) 131,500 100,580 30,920 Parks and recreation - - - - - - Capital outlay 1,065,656 1,065,592 64 628,000 2,652 625,348 Total expenditures 1,065,656 1,065,656 - _ 759,500 103,232 656,268 Excess(deficiency)of reve- nues over expenditures (307,316) (518,456) (211,140) 131,100 - (131,100) . Other financing sources(uses): Operating transfers in - - - - - - Operating transfers out - - - - - - Developer in-lieu fee - - - - - - Proceeds from issuance of tax allocation bonds - - - - - - Total other financing sources(uses) - - - - Excess(deficiency)of revenues and other sources over expenditures and other uses (307,316) (518,456) (211,140) 131,100 - (131,100) Rind balances(accumulated deficits), July 1 725,366 725,366 - - - - Residual equity transfers in - - - - - - Residual equity transfers out - - - - - - Fund balances(accumulated deficits), June 30 S 418,050 206,910 (211,140) 131,100 - (131,100) (Continued) 36 Schedule 3-4 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Accumulated Deficits)-Budget and Actual-All Special Revenue Funds Year ended June 30,1993 with comparative total figures for the year ended June 30,1992 Transportation State Transit Assistance Fond(13) Development Act(Article 3)Fund(15) Variance- Variance- favorable favorable Budget Actual (unfavorable) Budget Actual (unfavorable) Revenues: Other taxes S - - - - - - Building and safety fees - - - - - - Maintenance assessments - - - - - - Subventions and grants 36,000 - (36,000) 38,000 34,500 (3,500) Planning and public works fees - - - - - - Park development fees - - - - - - Charges for current services - - - - - - Fines and forfeitures - - - - - - Interest 2,000 7,496 5,496 - 4,808 4,808 Other - - - - - - Total revenues 38,000 7,496 (30,504) 38,000 39,308 1,308 Expenditures: Current: General government - - - - - - Public safety - - - - - - Public services - - - - - - Parks and recreation - - - - - - Capital outlay 36,000 - 36,000 122,500 1,319 121,181 Total expenditures 36,000 - 36,000 122,500 1,319 121,181 Excess(deficiency)of reve- nues over expenditures 2,000 7,496 5,496 (84,500) 37,989 122,489 Other financing sources(uses): Operating transfers in - - - - 30,130 30,130 Operating transfers out - - - - (38,586) (38,586) Developer in-lieu fee - - - - - - Proceeds from issuance of tax allocation bonds - - - - Total other financing sources(uses) - - - - (8,456) (8,456) Excess(deficiency)of revenues and other sources over expenditures and other uses 2,000 7,496 5,496 (84,500) 29,533 114,033 Fund balances(accumulated deficits), July 1 140,317 140,317 - 68,443 68,443 - Residual equity transfers in - - - Residual equity transfers out - - - - - - Fund balances(accumulated deficits), June 30 $ 142,317 147,813 5,496 (16,057) 97,976 114,033 (Continued) 37 Schedule 3-5 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Accumulated Deficits)-Budget and Actual-All Special Revenue Funds Year ended June 30,1993 with comparative total figures for the year ended June 30,1992 CDBG Entitlement Fund(18) Police Facilities Fee Fund(20) Variance- Variance- favorable favorable Budget Actual (unfavorable) Budget Actual (unfavorable) Revenues Other taxes $ - - - - Building and safety fees - - - 7,600 27,454 19,854 Maintenance assessments - - - - - - Subventions and grants 480,870 323,307 (157,563) - - - Planning and public works fees - - - - - - Park development fees - - - - Charges for current services - - - - - - Fines and forfeitures - - - - - - Interest - - - - - - Other - - - - - - Total revenues 480,870 323,307 (157,563) 7,600 27,454 19,854 Expenditures: Current General government 20,700 - 20,700 - - - Public safety - - - - - - Public services 98,300 43,197 55,103 - Parks and recreation - - - - - - Capital outlay 445,470 280,138 165,332 _ 2,000 2,000 - Total expenditures 564,470 323,335 241,135 2,000 2,000 - Excess(deficiency)of reve- nues over expenditures (83,600) (28) 83,572 5,600 25,454 19,854 Other financing sources(uses): Operating transfers in - - - - - - Operating transfers out - - - - - - Developer in-lieu fee - - - - - - Proceeds from issuance of tax allocation bonds - - - - - - Total other financing sources(uses) - - - - - - Excess(deficiency)of revenues and other sources over expenditures and other uses (83,600) (28) 83,572 5,600 25,454 19,854 Fund balances(accumulated deficits), July 1 59,638 59,638 - 423,531 423,531 - Residual equity transfers in - - - - - - Residual equity transfers out - - - - - - Fund balances(accumulated deficits), June 30 $ (23,962) 59,610 83,572 429,131 448,985 19,854 (Continued) 38 Schedule 3-6 CITY OF MOORPARK,CALIFORNIA Comb,mng Statement of Revenues,Expenditures and Changes in Fund Balances(Accumulated Deficits)-Budget and Actual-All Special Revenue Funds Year ended June 30,1993 with comparative total figures for the year ended June 30,1992 Citywide Traffic Mitigation Fund(21) Affordable Housing Fund(22) Variance- Variance- favorable favorable Budget Actual (unfavorable) Budget Actual (unfavorable) Revenues: Other taxes S - - - - - - Building and safety fees - - - - - - Maintenance assessments - 55,506 55,506 - - - Subventions and grants - - - - - - Planning and public works fees - 657 657 - - - Park development fees - - - - - - Charges for current services - - - - - - Fines and forfeitures -- - - - - - Interest 10,360 22,092 11,732 8,750 22,658 13,908 Other - 7,500 45,538 38,038 Total revenues 10,360 78,255 67,895 16,250 68,196 51,946 Expenditures! Current: General government - - - - - - Public safety - - - - Public services - - - - - - Parks and recreation - - - - - - Capital outlay -_ - - - - - Total expenditures - - - - - - Excess(deficiency)of reve- nues over expenditures 10,360 78,255 67,895 16,250 68,196 51,946 Other financing sources(uses). Operating transfers in - - - - Operating transfers out - - - - - - Developer in-lieu fee - - - - - - Proceeds from issuance of tax allocation bonds - - - - - - Total other financing sources(uses) - - - - - - Excess(deficiency)of revenues and other sources over expenditures and other uses 10,360 78,255 67,895 16,250 68,196 51,946 Fund balances(accumulated deficits), July 1 186,266 186,266 - 356,308 356,308 - Residual equity transfers in 172,275 172,275 - Residual equity transfers out - - - - - - Fund balances(accumulated deficits), June 30 $ 368,901 436,796 67,895 372,558 424,504 51,946 (Continued) 39 Schedule 3-7 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Accumulated Deficits)-Budget and Actual-All Special Revenue Funds Year ended June 30,1993 with comparative total figures for the year ended June 30,1992 Landscape and Lighting Fund(23) Traffic System Management Fund(24) Variance- Variance- favorable favorable Budget Actual - (unfavorable) Budget - Actual (unfavorable) Revenues: Other taxes $ - - - - - - Building and safety fees - - - - - - Maintenance assessments 451,113 445,944 (5,169) 120,000 122,875 2,875 Subventions and grants - - - - Planning and public works fees - - - - - - Park development fees - - - - - - Charges for current services - - - - - - Fines and forfeitures - - - - - - Interest - 1,938 1,938 1,750 6,336 4,586 Other 1,000 1,282 282 - - - Total revenues 452,113 449,164 (2,949) 121,750 129,211 7,461 Expenditures: Current: General government - - - - - - Public safety - - - - - - Public services 447,308 340,758 106,550 - - - Parks and recreation - - - - - - Capital outlay 223,455 49,236 174,219 68,000 - 68,000 Total expenditures 670,763 389,994 280,769 68,000 - 68,000 Excess(deficiency)of reve- nues over expenditures (218,650) 59,170 277,820 53,750 129,211 75,461 Other financing sources(uses): Operating transfers in - - - - - - Operating transfers out - - - - - - Developer in-lieu fee - - - - - - Proceeds from issuance of tax allocation bonds - - - - - - Total other financing sources(uses) - - - - - - Excess(deficiency)of revenues and other sources over expenditures and other uses (218,650) 59,170 277,820 53,750 129,211 75,461 Fund balances(accumulated deficits), July 1 256,185 256,185 - 62,603 62,603 - Residual equity transfers in - - - - - - Residual equity transfers out - - - - Fund balances(accumulated deficits), June 30 $ 37,535 315,355 277,820 116,353 191,814 75,461 (Continued) 40 Schedule 3-8 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Accumulated Deficits)-Budget and Actual-All Special Revenue Funds Year ended June 30,1993 with comparative total figures for the year ended June 30,1992 Park Maintenance Fund(25) Tierra Rejada/Spring Road AOC Fund(26) Variance- Variance- favorable favorable Budget Actual (unfavorable) Budget Actual (unfavorable) Revenues: Other taxes 5 - - - - Building and safety fees - - - Maintenance assessments 357,006 352,445 (4,561) - 437,019 437,019 Subventions and grants - - - - - - Planning and public works fees - - - - Park development fees - - - - - - Charges for current services - - - Fines and forfeitures - - - - - - Interest - 1,920 1,920 3,500 29,635 26,135 Other - 109 109 - - - Total revenues 357,006 354,474 (2,532) 3,500 466,654 463,154 Expenditures: Current: General government - - - - - - Public safety - - - - - - Public services - - - - 32,199 (32,199) Parks and recreation 433,134 373,066 60,068 - - - Capital outlay - - - 1,457,000 81,524 1,375,476 Total expenditures 433,134 373,066 60,068 1,457,000 113,723 1,343,277 Excess(deficiency)of reve- nues over expenditures (76,128) (18,592) 57,536 (1,453,500) 352,931 1,806,431 Other financing sources(uses): Operating transfers in 67,704 18,592 (49,112) 50,007 - (50,007) Operating transfers out - - - - Developer in-lieu fee - - - - - - Proceeds from issuance of tax allocation bonds - - - - - - Total other financing sources(uses) 67,704 18,592 (49,112) 50,007 - (50,007) Excess(deficiency)of revenues and other sources over expenditures and other uses (8,424) - 8,424 (1,403,493) 352,931 1,756,424 Fund balances(accumulated deficits), July 1 - - - 222,180 222,180 - Residual equity transfers in - - - - - - Residual equity transfers out - - - - - - Fund balances(accumulated deficits), June 30 S (8,424) - 8,424 (1,181,313) 575,111 1,756,424 (Continued) 41 Schedule 3-9 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Accumulated Deficits)-Budget and Actual-All Special Revenue Funds Year ended June 30,1993 with comparative total figures for the year ended June 30,1992 Los Angeles Avenue AOC Fund(27) Casey/Gabbert Road AOC Fund(28) Variance- Variance- favorable favorable Budget Actual (unfavorable) Budget Actual (unfavorable) Revenues: Other taxes S - - - - - - Building and safety fees - - - - - - Maintenance assessments - 296,085 296,085 - 1,560 1,560 Subventions and grants - - - - - - Planning and public works fees - - - - - - Park development fees - - - - - - Charges for current services - - - - - - Fines and forfeitures - - - - - - Interest 229,740 379,618 149,878 2,450 2,552 102 Other - 456 456 - - - Total revenues 229,740 676,159 446,419 2,450 4,112 1,662 Expenditures: Current: General government - - - - - - Public safety - - - - - - Public services - 40 (40) - - - Parks and recreation - - - - Capital outlay 957,000 221,436 735,564 - - - Total expenditures 957,000 221,476 735,524 - - - Excess(deficiency)of reve- nues over expenditures (727,260) 454,683 1,181,943 2,450 4,112 1,662 Other financing sources(uses): Operating transfers in - - - - - - Operating transfers out - - - - - - Developer in-lieu fee - - - - Proceeds from issuance of tax allocation bonds - - - - - - Total other financing sources(uses) - - - Excess(deficiency)of revenues and other sources over expenditures and other uses (727,260) 454,683 1,181,943 2,450 4,112 1,662 Fund balances(accumulated deficits), July 1 5,203,876 5,203,876 - 34,884 34,884 - Residual equity transfers in 1,838,795 1,888,882 50,087 - - - Residual equity transfers out - - - - - - Fund balances(accumulated deficits), June 30 $ 6,315,411 7,547,441 1,232,030 37,334 38,996 1,662 (Continued) 42 Schedule 3-10 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Accumulated Deficits)-Budget and Actual-All Special Revenue Funds Year ended June 30,1993 with comparative total figures for the year ended June 30,1992 Los Angeles Avenue Alternate Route AOC Fund(29) Recreation Fund(33) Variance- Variance- favorable favorable Budget Actual (unfavorable) Budget Actual (unfavorable) Revenues: Other taxes 5 - - - - - - Building and safety fees - - - - - - Maintenance assessments - - - - - - Subventions and grants - - - - - - Planning and public works fees - - - Park development fees - - - - - - Charges for current services - - - 90,200 85,936 (4,264) Fines and forfeitures - - - - - - Interest - - - - - - Other - - - -- - - Total revenues - - - 90,200 85,936 (4,264) Expenditures: Current General government - - - - - - Public safety - - - - - - Public services - - - - - - Parks and recreation - - - 64,900 52,997 11,903 Capital outlay - - - - - - Total expenditures - - - 64,900 52,997 11,903 Excess(deficiency)of reve- nues over expenditures - - - 25,300 32,939 7,639 Other financing sources(uses): Operating transfers in - - - - - - Operating transfers out - (27,000) (27,000) - Developer in-lieu fee - - - - - - Proceeds from issuance of tax allocation bonds - - - - - - Total other financing sources(uses) - - - (27,000) (71,000) - Excess(deficiency)of revenues and other sources over expenditures and other uses - - - (1,700) 5,939 7,639 Fund balances(accumulated deficits), July 1 2,061,157 2,061,157 - 6,281 6,281 - Residual equity transfers in - - - - - - Residual equity transfers out (2,061,157) (Z061,157) - - - - Fund balances(accumulated deficits), June 30 5 - - - 4,581 12,220 7,639 (Continued) 43 Schedule 3-11 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Accumulated Deficits)-Budget and Actual-All Special Revenue Funds Year ended June 30,1993 with comparative total figures for the year ended June 30,1992 Senior Center Bond Act Fund(35) Community Development Fund(41) Variance- Variance- favorable favorable Budget Actual (unfavorable) Budget Actual (unfavorable) Revenues: Other taxes $ — — — — — — Buildmg and safety fees — — — — — Maintenance assessments — — Subventions and grants — — — — Planning and public works fees 778,138 1,252,120 473,982 Park development fees — — Charges for current services — — — -- Fines and forfeitures — — — — — — Interest — — — — Other 18,000 497 (17,503) Total revenues — 796,138 1,252,617 456,479 Expenditures. Current General government — — — — Public safety — — — — — — Public services — — — 1,381,254 1,360,313 20,941 Parks and recreation — — — Capital outlay — 1,600 — 1,600 Total expenditures — — — 1,382,854 1,360,313 22,541 Excess(deficiency)of reve- nues over expenditures (586,716) (107,696) 479,020 Other financing sources(uses): Operating transfers in — — — — — — Operating transfers out — — — — (22,540) (22,540) Developer in-lieu fee — — — Proceeds from issuance of tax allocation bonds Total other financing sources(uses) — — (22,540) (22,540) Excess(deficiency)of revenues and other sources over expenditures and other uses — (586,716) (130,236) 456,480 Fund balances(accumulated deficits), July 1 (16,440) (16,440) — 716,176 716,176 — Residual equity transfers in 16,440 16,440 — — — — Residual equity transfers out — Fund balances(accumulated deficits), June 30 5 129,460 585,940 456,480 (Continued) 44 Schedule 3-12 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Accumulated Deficits)-Budget and Actual-All Special Revenue Funds Year ended June 30,1993 with comparative total figures for the year ended June 30,1992 Crossing Guard Fund(43) Municipal Pool Fund(45) Variance- Variance- favorable favorable Budget Actual (unfavorable) Budget Actual (unfavorable) Revenues Other taxes $ — — — — — — Building and safety fees — — — — Maintenance assessments — — — — — — Subventions and grants — — — — — —. Planning and public works fees — — — — — — Park development fees — — — — — — Charges for current services — — — — — — Fines and forfeitures — — — — — — Interest 3,045 5,051 2,006 — — — Other — — — — — — Total revenues 3,045 5,051 2,006 — — -- Expenditures, Current: General government — — — — — — Public safety — — — — — — Public services 8,407 5,297 3,110 — — — Parks and recreation — — — — — — Capital outlay — — — — — — Total expenditures 8,407 5,297 3,110 — — — Excess(deficiency)of reve- nues over expenditures (5,362) (246) 5,116 — — — Other financing sources(uses)' Operating transfers in — — — — — —' Operating transfers out — — — — — — Developer in-lieu fee — — — — — — Proceeds from issuance of tax allocation bonds — — — — "- Total other financing sources(uses) — — — — — — Excess(deficiency)of revenues and other sources over expenditures and other uses (5,362) (246) 5,116 — — — Fund balances(accumulated deficits), July 1 94,559 94,559 — 21,706 21,706 — Residual equity transfers in — — — Residual equity transfers out — — — (21,706) (21,706) — Fund balances(accumulated deficits), June 30 S 89,197 94,313 5,116 — — — (Continued) 45 Schedule 3-13 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Accumulated Deficits)-Budget and Actual-All Special Revenue Funds Year ended June 30,1993 with comparative total figures for the year ended June 30,1992 Art in Public Places Fund(46) Bicycle and Equestrian Fund(47) Variance- Variance- favorable favorable Budget Actual (unfavorable) Budget Actual (unfavorable) Revenues: Other taxes $ — — — Building and safety fees — — — — Maintenance assessments — — — — — — Subventions and grants — — — — — — Planning and public works fees — — — — — — Park development fees Charges for current services — — — — — — Fines and forfeitures — — — — — — Interest — — — — — — Other — — — — — — Total revenues — — — — — — Expenditures: Current: General government — — — — Public safety — — — — — — Public services — — — — — — Parks and recreation — — Capital outlay — — — Total expenditures — — — — Excess(deficiency)of reve- nues over expenditures — — — __ — Other financing sources(uses): Operating transfers in — — — — — — Operating transfers out — — — — — — Developer in-lieu fee — — — — — — Proceeds from issuance of tax allocation bonds — — — — — Total other financing sources(uses) — — — — — Excess(deficiency)of revenues and other sources over expenditures and other uses — — — — — — Fund balances(accumulated deficits), July 1 45,037 45,037 — 24,909 24,909 — Residual equity transfers in — — — — — — Residual equity transfers out (45,037) (45,037) — (24,909) (24,909) — Fund balances(accumulated deficits), June 30 S — — — — — — (Continued) 46 Schedule 3-14 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Accumulated Deficits)-Budget and Actual-All Special Revenue Funds Year ended June 30,1993 with comparative total figures for the year ended June 30,1992 Low-and Moderate-Income Housing Fund Total Variance- Variance- favorable favorable Budget Actual (unfavorable) Budget Actual (unfavorable) Revenues: Other taxes $ - - - 454,097 443,706 (10,391) Building and safety taxes 7,600 27,454 19,854 Maintenance assessments - - - 928,119 1,811,414 883,295 Subventions and grants - - - 2,052,810 935,384 (1,117,426) Planning and public works 778,138 1,443,598 665,460 Park development fees - - - 686,000 75,493 (610,507) Charges for current services 105,200 119,086 13,886 Fines and forfeitures 64,000 52,178 (11,822) Interest - 4,209 4,209 481,780 888,646 406,866 Other - 164,000 58,807 (105,193) Total revenues 4,209 4,209 5,721,744 5,855,766 134,022 Expenditures: Current: General government - - - 20,700 - 20,700 Public safety - - - 132,850 135,587 (2,737) Public services 2,670,922 2,422,407 248,515 Parks and recreation - 498,034 426,063 71,971 Capital outlay - 7,892,725 3,429,139 4,463,586 Total expenditures - - - 11,215,231 6,413,196 4,802,035 Excess(deficiency)of reve- nues over expenditures - 4,209 4,209 (5,493,487) (557,430) 4,936,057 Other financing sources(uses): Operating transfers in 231,378 109,848 (121,530) Operating transfers out - - - (41,426) (132,682) (91,256) Developer in-lieu fee - - - - 932,701 932,701 Proceeds from issuance of tax allocation bonds - 1,780,651 1,780,651 1,780,651 1,780,651 Total other financing sources(uses) - 1,780,651 1,780,651 189,952 2,690,518 2,500,566 Excess(deficiency)of revenues and other sources over expenditures and other uses - 1,784,860 1,784,860 (5,303,535) 2,133,088 7,436,623 Fund balances(accumulated deficits), July 1 - - - 16,924,681 16,924,681 - Residual equity transfers in - 2,027,510 2,169,249 141,739 Residual equity transfers out (2,152,809) (2,169,249) (16,440) Fund balances(accumulated deficits), June 30 $ - 1,784,860 1,784,860 11,495,847 19,057,769 7,561,922 47 CAPITAL PROJECTS FUNDS Schedule 4 CITY OF MOORPARK,CALIFORNIA Combining Balance Sheet—All Capital Projects Funds June 30,1993 with comparative total figures at June 30,1992 Equipment City Hall Replacement Redevelopment _ Totals Assets Building Fund Fund Agency Fund 1993 1992 Cash and investments $ 203,470 106,320 10,697,471 11,007,261 2,142,227 Accounts and interest receivable,net — 73 33,445 33,518 10,790 Taxes receivable — — 7,114 7,114 — Other assets — — 102,616 102,616 — Total assets $ 203,470 106,393 10,840,646 11,150,509 2,153,017 Liabilities and Fund Balances Liabilities: Accounts payable and accrued liabilities $ — — 81,187 81,187 7,971 Advances from General Fund — — 2,340,467 2,340,467 2,138,137 Total liabilities — — 2,421,654 2,421,654 2,146,108 Fund balances: Reserved for contingency — — — — 263,388 Unreserved: Designated for capital projects — — 8,418,992 8,418,992 — Undesignated 203,470 106,393 — 309,863 (256,479) Total fund balances 203,470 106,393 8,418,992 8,728,855 6,909 Total liabilities and fund balances $ 203,470 106,393 10,840,646 11,150,509 2,153,017 48 Schedule 5 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Accumulated Deficits)-All Capital Projects Funds Year ended June 30,1993 with comparative total figures for the year ended June 30,1992 Equipment City Hall Replacement Redevelopment Totals Building Fund Fund Agency Fund 1993 1992 Revenues: Property taxes $ - - 1,469,789 1,469,789 - Interest - 313 101,244 101,557 20,078 Other - 270 - 270 - Total revenues - 583 1,571,033 1,571,616 20,078 Expenditures: Current: General government - - 159,262 159,262 24,999 Public services - - 4,062 4,062 - Capital outlay - - 26,072 26,072 - Debt service-interest expense - - 99,714 99,714 18,352 Total expenditures - - 289,110 289,110 43,351 Excess(deficiency)of revenues over expenditures - 583 1,281,923 1,282,506 (23,273) Other financing sources: Operating transfers in 200,000 100,000 - 300,000 - Proceeds from issuance of tax allocation bonds - - 7,139,440 7,139,440 - Total other financing sources 200,000 100,000 7,139,440 7,439,440 - Excess(deficiency)of revenues and other sources over expenditures 200,000 100,583 8,421,363 8,721,946 (23,273) Fund balances(accumulated deficits),July 1 3,470 5,810 (2,371) 6,909 30,182 Fund balances,June 30 $ 203,470 106,393 8,418,992 8,728,855 6,909 49 AGENCY FUNDS Schedule 6 CITY OF MOORPARK,CALIFORNIA Statement of Changes in Assets and Liabilities-All Agency Funds Year ended June 30,1993 Balance, Balance, July 1,1992 Additions Deletions June 30,1993 Developer Deposit Fund (39) Cash and investments $ 750,603 614 - 751,217 $ 750,603 614 - 751,217 Accounts payable and accrued liabilities $ 61,298 20,529 - 81,827 Developer deposits 689,305 - 19,915 669,390 $ 750,603 20,529 19,915 751,217 Deferred Compensation Fund(99) Cash and investments $ 19,588 31,486 - 51,074 $ 19,588 31,486 - 51,074 Due to participants $ 19,588 31,486 - 51,074 $ 19,588 31,486 - 51,074 Total-All Agency Funds Cash and investments $ 770,191 32,100 - 802,291 $ 770,191 32,100 - 802,291 Accounts payable and accrued liabilities $ 61,298 20,529 - 81,827 Developer deposits 689,305 - 19,915 669,390 Due to participants 19,588 31,486 - 51,074 $ 770,191 52,015 19,915 802,291 50