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Home My WebLink AboutACFR 1992 CITY OF MOORPARK, CALIFORNIA cp‹.,Ariet';\ *In* \ifastA0 ANNUAL FINANCIAL REPORT Year Ended June 30, 1992 CITY OF MOORPARK,CALIFORNIA Table of Contents Page Report of Independent Auditors 1 General Purpose Financial Statements at June 30,1992 and for the year then ended: Combined Balance Sheet - All Fund Types and Account Group Combined Statement of Revenues,Expenditures and Changes in Fund Balances-All Governmental Fund Types Combined Statement of Revenues and Expenditures-Budget and Actual-General and Special Revenue Funds Notes to General Purpose Financial Statements Schedule Supplementary Information-Combining Financial Statements at June 30,1992 and for the year then ended: Special Revenue Funds: Combining Balance Sheet 1 Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Deficit) 2 Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Deficit)-Budget and Actual 3 Capital Projects Funds: Combining Balance Sheet 4 Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Deficit) 5 Agency Funds: Statement of Changes in Assets and Liabilities 6 1C-i;kkiPeat Marwick Certified Public Accountants 725 South Figueroa Street Los Angeles, CA 90017 • INDEPENDENT AUDITORS'REPORT 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, 1992 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,at June 30, 1992 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. `' 414- 19 eht 11"" April 23, 1993 1 GENERAL PURPOSE FINANCIAL STATEMENTS CITY OF MOORPARK,CALIFORNIA Combined Balance Sheet-All Fund Types and Account Group June 30,1992 with comparative total figures at June 30,1991 Governmental Fund Types Fiduciary General Fixed Totals Special Capital Fund Type Assets Account (memorandum only) Assets General Fund Revenue Funds Projects Funds Agency Funds Group 1992 1991 Cash and investments(note 3) $ 2,560,523 17,962,903 2,142,227 770,191 - 23,435,844 23,385,727 Accounts and interest receivable,net 292,443 482,817 10,790 - - 786,050 1,095,421 Due from Redevelopment Agency 2,138,137 - - - - 2,138,137 268,785 Due from other funds(note 7) - 152,003 - - - 152,003 136,076 Other assets 46,661 - - - - 46,661 - Property and equipment(note 5): Land - - - - 6,838,062 6,838,062 6,838,062 Buildings and structures - - - - 1,648,748 1,648,748 1,630,978 Improvements other than buildings - - - - 2,013,809 2,013,809 818,835 Office furniture and equipment - - - - 580,241 580,241 422,998 Other equipment - - - - 273,233 273,233 268,527 $ 5,037,764 18,597,723 2,153,017 770,191 11,354,093 37,912,788 34,865,409 Liabilities and Fund Equities Liabilities: Accounts payable and accrued liabilities,including compensated absences $ 715,162 523,469 7,971 61,298 - 1,307,900 1,382,256 Deposits,principally from developers - - - 689,305 - 689,305 687,027 Deferred revenue - 999,133 - - - 999,133 1,169,275 Advances payable to General Fund - - 2,138,137 - - 2,138,137 268,785 Due to participants - - - 19,588 19,588 - Due to other funds(note 7) 1,563 150,440 - - - 152,003 136,076 Total liabilities 716,725 1,673,042 2,146,108 770,191 - 5,306,066 3,643,419 Fund equities: Investment in general fixed assets - - - - 11,354,093 11,354,093 9,979,400 Fund balances(deficit): Reserved for advances to Redevelopment Agency 2,138,137 - - - - 2,138,137 268,785 Reserved for contingency - - 263,388 - - 263,388 263,388 Reserved for receivables due after one year,net - 142,152 - - - 142,152 150,000 Unreserved: Designated(note 6) 684,111 500,000 - - - 1,184,111 2,006,682 Undesignated(deficit) 1,498,791 16,282,529 (256,479) - - 17,524,841 18,553,735 Total fund equities 4,321,039 16,924,681 6,909 - 11,354,093 32,606,722 31,221,990 Commitments and contigencies(notes 9 and 10) $ 5,037,764 18,597,723 2,153,017 770,191 11,354,093 37,912,788 34,865,409 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 30,1992 with comparative total figures for the year ended June 30,1991 Governmental Fund Types Totals Special Capital (memorandum only) General Fund Revenue Funds Proiects Funds 1992 1991 Revenues: Property taxes $ 1,304,335 - - 1,304,335 1,531,120 Sales taxes 810,529 - - 810,529 848,166 Other taxes 54,042 447,810 - 501,852 454,355 Motor vehicle license fees 827,903 - - 827,903 938,247 Utility franchise fees 441,680 - - 441,680 332,478 Building and safety fees - 11,890 - 11,890 4,161 Planning and public works fees 120 926,433 - 926,553 1,128,266 Subventions and grants - 725,609 - 725,609 1,384,493 Maintenance assessments 50,000 873,830 - 923,830 1,046,698 Park development fees - 10,284 - 10,284 - Charges for current services 43,454 167,385 - 210,839 117,462 Fines and forfeitures 20,935 60,666 - 81,601 135,168 Interest 225,111 1,174,888 20,078 1,420,077 1,726,514 Other - 154,327 - 154,327 69,578 Total revenues 3,778,109 4,553,122 20,078 8,351,309 9,716,706 Expenditures: Current: General government 986,259 4,664 24,999 1,015,922 1,095,824 Public safety 2,033,298 68,885 - 2,102,183 1,887,083 Public services 242,521 1,985,460 - 2,227,981 1,867,800 Parks and recreation 197,889 509,050 - 706,939 588,433 Capital outlay 698,671 1,421,222 - 2,119,893 1,829,471 Debt service-interest - - 18,352 18,352 15,669 Total expenditures 4,158,638 3,989,281 43,351 _ 8,191,270 7,284,280 Excess(deficiency)of revenues over expenditures (380,529) 563,841 (23,273) 160,039 2,432,426 Other financing sources(uses): Disallowed costs returned to County of Ventura(note 9) - (150,000) - (150,000) - Operating transfers in(out)(note 7) (83,380) 83,380 - - - Other financing sources(uses) (83,380) (66,620) - (150,000) - Excess(deficiency)of revenues and other sources over expenditures and other uses (463,909) 497,221 (23,273) 10,039 2,432,426 Fund balances,July 1 4,784,948 16,427,460 30,182 21,242,590 18,810,164 Fund balances,June 30 $ 4,321,039 16,924,681 6,909 21,252,629 21,242,590 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 30,1992 with comparative total figures for the year ended June 30,1991 General Fund Special Revenue Funds Variance- Variance- favorable favorable Budget Actual (unfavorable) Budget Actual (unfavorable) Revenues: Property taxes $ 1,239,665 1,304,335 64,670 - - - Sales taxes 900,000 810,529 (89,471) - - - Other taxes 54,570 54,042 (528) 451,540 447,810 (3,730) Motor vehicle license fees 881,000 827,903 (53,097) - - - Utility franchise fees 368,000 441,680 73,680 - - - Building and safety fees - - - 4,100 11,890 7,790 Planning and public works fees 5,000 120 (4,880) 580,408 926,433 346,025 Subventions and grants - - - 1,169,100 725,609 (443,491) Maintenance assessments 150,000 50,000 (100,000) 1,271,569 873,830 (397,739) Park development fees - - - 686,000 10,284 (675,716) Charges for current services - 43,454 43,454 103,900 167,385 63,485 Fines and forfeitures 26,000 20,935 (5,065) 57,000 60,666 3,666 Interest 254,700 225,111 (29,589) 803,600 1,174,888 371,288 Other 53,300 - (53,300) 6,100 154,327 148,277 Total revenues 3,932,235 3,718,109 (154,126) 5,133,317 4,553,122 (580,195) Expenditures: Current: General government 1,153,309 986,259 167,050 21,620 4,664 16,956 Public safety 2,057,044 2,033,298 23,746 85,762 68,885 16,877 Public services 337,629 242,521 95,108 2,187,100 1,985,460 201,640 Parks and recreation 235,686 197,889 37,797 468,803 509,050 (40,247) Capital outlay 1,142,105 698,671 443,434 5,734,259 1,421,222 4,313,037 Debtservice-interest 42,000 - 42,000 - - - Total expenditures 4,967,773 4,158,638 809,135 8,497,544 3,989,281 4,508,263 Excess(deficiency)of reve- nues over expenditures (1,035,538) (380,529) 655,009 (3,364,227) 563,841 3,928,068 Other financing sources(uses): Disallowed costs returned to County of Ventura(note 9) - - - - (150,000) (150,000) Operating transfers in(out)(note 7) 112,500 (83,380) (195,880) 87,500 83,380 (4,120) Other financing sources(uses) 112,500 (83,380) (195,880) 87,500 (66,620) (154,120) Excess(deficiency)of revenues and other sources over expenditures and other uses (923,038) (463,909) 459,129 (3,276,727) 497,221 3,773,948 Fund balances,July 1 4,784,948 4,784,948 - 16,427,460 16,427,460 - Fund balances,June 30 $ 3,861,910 4,321,039 459,129 13,150,733 16,924,681 3,773,948 (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 30,1992 with comparative total figures for the year ended June 30,1991 Totals(memorandum only) 1992 1991 Variance- Variance- favorable favorable Budget Actual (unfavorable) Budget Actual (unfavorable) Revenues: Property taxes $ 1,239,665 1,304,335 64,670 1,214,750 1,243,556 28,806 Sales taxes 900,000 810,529 (89,471) 950,000 848,166 (101,834) Other taxes 506,110 501,852 (4,258) 415,960 478,531 62,571 Motor vehicle license fees 881,000 827,903 (53,097) 932,000 938,247 6,247 Utility franchise fees 368,000 441,680 73,680 276,000 332,478 56,478 Building and safety fees 4,100 11,890 7,790 520,000 4,161 (515,839) Planning and public works fees 585,408 926,553 341,145 296,940 1,128,266 831,326 Subventions and grants 1,169,100 725,609 (443,491) 1,360,953 1,384,493 23,540 Maintenance assessments 1,421,569 923,830 (497,739) 1,841,854 1,046,698 (795,156) Park development fees 686,000 10,284 (675,716) 95,000 - (95,000) Charges for current services 103,900 210,839 106,939 205,010 117,462 (87,548) Fines and forfeitures 83,000 81,601 (1,399) 139,800 135,168 (4,632) Interest 1,058,300 1,399,999 341,699 1,529,185 1,715,947 186,762 Other 59,400 154,327 94.927 16,500 69,578 53,078 Total revenues 9,065,552 8,331,231 (734,321) 9,793,952 9,442,751 (351,201) Expenditures: Current: General government 1,174,929 990,923 184,006 1,125,270 1,053,366 71,904 Public safety 2,142,806 2,102,183 40,623 2,008,902 1,887,083 121,819 Public services 2,524,729 2,227,981 296,748 2,367,583 1,859,739 507,844 Parks and recreation 704,489 706,939 (2,450) 644,443 588,433 56,010 Capital outlay 6,876,364 2,119,893 4,756,471 6,019,800 1,776,821 4,242,979 Debt service-interest 42,000 - 42,000 - - - Total expenditures 13,465,317 8,147,919 5,317,398 12,165,998 7,165,442 5,000556 Excess(deficiency)of reve- nues over expenditures (4,399,765) 183,312 4,583,077 (2,372.046) _ 2,277,309 4,649,355 Other financing sources(uses): Disallowed costs returned to County of Ventura - (150,000) (150,000) - - - Operating transfers in(out)(note 7) 200,000 - (200,000) - (55,462) (55,462) • Other financing sources(uses) 200,000 (150,000) (350,000) - (55,462) (55,462) Excess(deficiency)of revenues and other sources over expenditures and other uses (4,199,765) 33,312 4,233,077 (2,372,046) 2,221,847 4,593,893 Fund balances,July 1 21.212,408 21.212,408 - 18,990561 18,990,561 - Fund balances,June 30 $ 17,012,643 21,245,720 4,233 077 16,618,515 21,212,408 4,593,893 See accompanying notes to general purpose financial statements. 5 CITY OF MOORPARK,CALIFORNIA Notes to General Purpose Financial Statements June 30,1992 (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 an account group described below. Fund Types and Account Group 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 group: • 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 does 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. The combined financial statements include total columns which aggregate the financial statements of the various fund types and account group. 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 combined 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 independence 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. Operating transfers(recurring)are recorded by the receiving fund as operating transfers-in and as an addition to fund balance. Such transfers are recorded by the disbursing fund as operating transfers-out and a reduction of fund balance. Due 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$2,138,137 at June 30,1992,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 likely to be available to finance current operations. Several of the affected taxing entities have filed actions in the Ventura County Superior Court to invalidate the Redevelopment Agency's Redevelopment Plan. If the Redevelopment Agency's Redevelopment Plan is invalidated,the Redevelopment Agency could be required to return the tax increment revenues it has received. Accordingly,tax increment revenues will be restricted in use until the litigation is resolved. 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 a base assessed valuation on the date on 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. 7 CITY OF MOORPARK,CALIFORNIA Notes to General Purpose Financial Statements,Continued 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. 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. 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,etc.)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 appropriate amounts 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 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. The Council is authorized to make and has made appropriation adjustments to the budget during the year as deemed necessary. Such adjustments are included in the budget amounts in the accompanying combined financial statements. Appropriations lapse at year-end. 8 CITY OF MOORPARK,CALIFORNIA Notes to General Purpose Financial Statements,Continued For the year ended June 30,1992,actual expenditures exceeded budgeted amounts for certain special revenue funds as follows: Federal Aid to Urban System Fund $ 350 Citywide Traffic Mitigation Fund 2,734 Affordable Housing Fund 25 Park Maintenance Fund 16,198 Recreation Fund 24,049 Community Development Fund 133,465 • The excess of expenditures over appropriations resulted from additional expenditures directly related to revenues received which were greater than or equal to revenues budgeted in those funds. The revenues covered the increased expenditures and did not create or increase deficit fund balances in those funds. (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 funds'average deposit balance. At June 30,1992,the total cash and investments balance is comprised of the following: Carrying amount Cash in banks $ 928,371 Certificates of deposit 198,000 Employee deferred compensation 19,588 State Treasurer's Local Agency Investment Fund 22,289,885 $ 23,435,844 9 1 CITY OF MOORPARK,CALIFORNIA Notes to General Purpose Financial Statements,Continued Deposits At year-end the carrying amount of the City's deposits was$1,126,371 and the bank balance was$1,204,250. Of the bank balance, $300,664 was covered by Federal depository insurance and$903,586 was collateralized with securities held by the pledging financial institution's trust department or agent in the City's name. 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. 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 deposits (or time deposits) placed with • Repurchase agreements commercial banks and/or savings and loan companies • Negotiable certificates of deposit • Passbook savings accounts • Banker's acceptances • Reverse repurchase agreements Credit Risk.Carrying Amount and Market Value of Investments Investments of the City represented by specific identifiable securities are categorized at year-end in three categories to give an indication of custodian risk assumed by the City. These categories are defined as follows: • 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 the securities are held by the counterparty or its trust department or agent but not in the City's name. 10 CITY OF MOORPARK,CALIFORNIA Notes to General Purpose Financial Statements,Continued At June 30, 1992,the City had no investments represented by specific identifiable securities. The City's investments at year-end consisted of an investment in the State Treasurer's Local Agency Investment Fund(LAIF). This type of investment is not required to be categorized. 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, 1992 is$11,129 and $8,459,respectively. See note 8 for additional information about these plans. (4) 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, 1992 was$1,092,390. The City's total payroll for the year ended June 30, 1992 was$1,249,010. 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. 11 CITY OF MOORPARK,CALIFORNIA Notes to General Purpose Financial Statements,Continued 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. 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 8.5%per year compounded annually;(b)projected salary increases of 525% 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 post retirement benefit increases. The pension benefit obligation applicable to the City's employees at June 30, 1991, 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 $ 30,299 Current employees: Accumulated employee contributions including allocated investment earnings 248,423 Employer-financed vested 77,261 Employer-financed non-vested 93,856 Total pension benefit obligation 449,839 Net assets available for benefits at cost (market value is $587,956) 530,168 Assets in excess of pension benefit obligation $ 80,329 Included in the pension benefit obligation is a decrease from the prior year of$22,660 due to changes in actuarial assumptions. 12 CITY OF MOORPARK,CALIFORNIA Notes to General Purpose Financial Statements,Continued Actuarially Determined Contribution Requirements and Contribution 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. The City's contribution to PERS for 1992 of$152,770(including$76,466 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, 1991. The contribution included$75,462 of normal cost(6.908%of current covered payroll)and$842 of amortization of unfunded actuarial liability (0.077%of current covered payroll). 13 CITY OF MOORPARK,CALIFORNIA Notes to General Purpose Financial Statements,Continued 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 five years ended June 30,1992 and is summarized as follows: 1992 1991 1990 1989 1988 Net assets available for benefits, at cost $ 530,168 358,597 223,956 134,123 109,430 Pension benefit obligation 449,839 305,831 184,551 111,111 76,813 Net assets available for benefits expressed as a percentage of the pension obligation 117.86% 117.25% 121.35% 120.71% 142.46% Assets in excess of pension benefit obligation 80,329 52,766 39,405 23,012 32,617 Annual covered payroll 1,092,390 982,762 750,267 591,750 429,673 Assets in excess of pension benefit obligation,expressed as a percentage of annual covered payroll 7.35% 5.37% 5.25% 3.89% 7.59% Employer contribution expressed as a percentage of annual covered payroll 6.99% 6.32% 6.66% 6.50% 7.00% 14 CITY OF MOORPARK,CALIFORNIA Notes to General Purpose Financial Statements,Continued (5) Property and Equipment A summary of changes in the General Fixed Assets Account Group for the year ended June 30,1992 follows: Balance, Balance, July 1,1991 Additions Disposals _June 30,1992 Land $ 6,838,062 — — 6,838,062 Buildings and structures 1,630,978 17,770 — 1,648,748 Improvements other than buildings 818,835 1,194,974 — 2,013,809 Office furniture and equipment 422,998 157,243 — 580,241 Other equipment 268,527 4,706 — 273,233 • $ 9,979,400 1,374,693 — 11,354,093 (6) 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$1,021,682 for years prior to and including the year ended June 30,1990 have been designated in the General Fund. The voters have approved the use of these funds by the City. In addition,funds in excess of constitutional spending limitations of approximately$100,000 for the year ended June 30, 1992 are included in the undesignated General Fund balance. The City expects the carryover amount will be offset in the year ended June 30,1993 if the City is below the constitutional spending limitation,or will be returned by future reductions of taxes or fees as provided in the State of California constitution. 15 CITY OF MOORPARK,CALIFORNIA Notes to General Purpose Financial Statements,Continued Deficit Fund Balances The following funds have deficit fund balances at June 30,1992 in the amounts indicated below: Special Revenue-Senior Center Bond Act Fund $ (16,440) Capital Projects-Redevelopment Agency Fund (2,371) The General Fund makes advances to the Senior Center Bond Act Fund pending claim and receipt of grant funds,thus resulting in deficits until such related grant funds are received. (7) Interfund Transactions A summary of operating transfers and interfund due to/from accounts as of and for the year ended June 30,1992 include the following: Operating Operating Due from Due to transfers in transfers out other funds other Funds General Fund $ — 83,380 — 1,563 Special Revenue Funds: State Gas Tax Fund — — 134,000 — Park Development Fund — — 16,440 — Community Center Fund — 28,069 — — CDBG Entitlement Fund 100,000 — — — Park Maintenance Fund 1,563 — 1,563 — Tierra Rejada/Spring Road AOC Fund 15,119 — — 134,000 Los Angeles Avenue AOC Fund — 293,061 — — Los Angeles Avenue Alternate Route AOC Fund 286,706 — — — Senior Center Bond Act Fund — — — 16,440 Community Development Fund 1,122 — — $ 404,510 404,510 152,003 152,003 16 CITY OF MOORPARK,CALIFORNIA Notes to General Purpose Financial Statements,Continued (8) 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,available to all full-time City employees. The second plan, avaliable 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. (9) 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$2,142,000 for the year ending June 30, 1992. 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. 17 CITY OF MOORPARK,CALIFORNIA Notes to General Purpose Financial Statements,Continued Future CDBG Program Expenditures In fiscal year 1992,the County of Ventura,pass-through grantor agency for the U.S.Department of Housing and Urban Development Community Development Block Grant(CDBG)Program,retroactively disallowed a program expenditure previously approved. The City transferred funds from the General Fund to the CDBG Fund to provide for this program expenditure. The County has reallocated the amount of the disallowed costs,$150,000,to future CDBG program expenditures. (10) 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 stand-by letter of credit issued by Security Pacific National Bank. 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 exduded from the accompanying general purpose financial statements. 18 CITY OF MOORPARK,CALIFORNIA Notes to General Purpose Financial Statements,Continued (11) Risk Management General and public liability and workers'compensation insurance is provided via participation in a joint powers authority. The City is a member of Southern California Joint Powers Insurance Authority(SCJPIA),a self-insurance pool with approximately 57-member agencies. The City is insured by the SCJPIA for up to$10,000,000 per general liability claim and$500,000 per workers'compensation claim. The City paid initial premiums of$65,000 for workers' compensation and$36,000 for general and public liability for the year ended June 30,1992. Premiums paid by the participating members may be retrospectively increased or decreased to reflect the actual operating costs of SCJPIA and the City's share of incurred losses. In the year ended June 30,1992,the City received a refund of$30,751 for workers'compensation and paid an additional$93,000 for general and public liability insurance to reflect such adjustments. The City is contingently liable for assessments which may be made by the SCJPIA in the event the SCJPIA has insufficient resources to pay unexpectedly large claims. A summary balance sheet and statement of operations and retained earnings of SCJPIA as of and for the year ended June 30,1992 is as follows: Cash and investments $ 60,948,754 Premiums due from members 8,127,676 Accrued interest receivable 789,607 Other assets 978,438 Total assets $ 70,844,475 Liabilities: Unpaid claim liability $ 46,034,730 Unearned premiums 17,588,838 Accounts payable and accrued expenses 193,337 Total liabilities 63,816,905 Retained earnings, substantially reserved for future catastrophic losses 7,027,570 Total liabilities and retained earnings $ 70,844,475 19 CITY OF MOORPARK,CALIFORNIA Notes to General Purpose Financial Statements,Continued Revenues: Premiums earned $ 19,978,643 Interest income 3,818,404 Retrospective adjustments 3,027,365 Other 137,691 Total revenues 26,962,103 Costs and expenses: Incurred claims and other insurance costs 24,920,631 Contractual services 172,500 General and administrative expenses 1,047,303 Total costs and expenses 26,140,434 Net income 821,669 Retained earnings,July 1,1991 6,205,901 Retained earnings,June 30,1992 $ 7,027,570 • 20 SUPPLEMENTARY INFORMATION SPECIAL REVENUE FUNDS Schedule 1 CITY OF MOORPARK,CALIFORNIA Combining Balance Sheet-All Special Revenue Funds June 30,1992 with comparative total figures at June 30,1991 Local Local Park Community Transportation Transportation Traffic Safety State Gas Tax Development Center Fund Streets Fund Transit Fund Assets Fund(02) Fund(03) Fund(05) (07) (11) (12) Cash and investments $ 248,072 2,486,194 4,390,685 1,973 720,704 46,469 Accounts and interest receivable,net 7,515 56,156 67,879 248 4,662 1,221 Due from other funds - 134,000 16,440 - - - $ 255,587 2,676,350 4,475,004 2,221 725,366 47,690 Liabilities and Fund Balances(Deficit) Liabilities: Accounts payable and accrued liabilities $ 11,675 195,617 37,144 326 - 7,636 Deferred revenue - - 932,701 - - 40,054 Due to other funds - - - - - - Total liabilities 11,675 195,617 969,845 326 - 47,690 Fund balances(deficit): Reserved for receivables due after one year - - - - - - Unreserved: Designated - 500,000 - - - - Undesignated 243,912 1,980,733 3,505,159 1,895 725,366 - Total fund balances(deficit) 243,912 2,480,733 3,505,159 1,895 725,366 - $ 255,587 2,676,350 4,475,004 2,221 725,366 47,690 (Continued) 21 Schedule 1-2 CITY OF MOORPARK,CALIFORNIA Combining Balance Sheet-All Special Revenue Funds,Continued June 30,1992 with comparative total figures at June 30,1991 Transportation Citywide State Transit Federal Aid to Development CDBG Police Traffic Assistance Urban Systems Act(Article 3) Entitlement Facilities Fee Mitigation Assets Fund(13) Fund(14) Fund(15) Fund(18) Fund(20) Fund(21) Cash and investments $ 138,273 - 67,670 22,649 430,023 186,546 Accounts and interest receivable,net 2,044 - 1,338 66,911 - - Due from other funds - - - - - - $ 140,317 - 69,008 89,560 430,023 186,546 Liabilities and Fund Balances(Deficit) Liabilities: Accounts payable and accrued liabilities $ - - 565 29,922 6,492 280 Deferred revenue - - - - - Due to other funds - - - - - - Total liabilities - - 565 29,922 6,492 280 Fund balances(deficit): Reserved for receivables due after - one year - - - 50,000 - - Unreserved: Designated - - - - - - Undesignated 140,317 - 68,443 9,638 423,531 186,266 Total fund balances(deficit) 140,317 - 68,443 59,638 423,531 186,266 $ 140,317 - 69,008 89,560 430,023 186,546 (Continued) 22 __ _, Schedule 1-3 CITY OF MOORPARK,CALIFORNIA Combining Balance Sheet-All Special Revenue Funds,Continued June 30,1992 with comparative total figures at June 30,1991 Tierra Affordable Landscape and Traffic System Park Rejada/Spring Los Angeles Housing Fund Lighting Fund Management Maintenance Road AOC Avenue AOC Assets (22) (23) Fund(24) Fund(25) Fund(26) Fund(27) Cash and investments $ 260,492 296,269 61,752 38,390 344,034 5,150,302 Accounts and interest receivable,net 95,841 10,621 851 13,066 20,949 76,221 Due from other funds - - - 1,563 - - $ 356,333 306,890 62,603 53,019 364,983 5,226,523 Liabilities and Fund Balances(Deficit) Liabilities: Accounts payable and accrued liabilities $ 25 50,705 - 53,019 8,803 22,647 Deferred revenue - - - - - - Due to other funds - - - - 134,000 Total liabilities 25 50,705 - 53,019 142,803 22,647 Fund balances(deficit): Reserved for receivables due after one year 92,152 - - - - - Unreserved: Designated - - - - - - Undesignated 264,156 256,185 62,603 - 222,180 5,203,876 1 Total fund balances(deficit) 356,308 256,185 62,603 - 222,180 5,203,876 $ 356,333 306,890 62,603 53,019 364,983 5,226,523 (Continued) 23 _ .- Schedule 1-4 CITY OF MOORPARK,CALIFORNIA Combining Balance Sheet-All Special Revenue Funds,Continued June 30,1992 with comparative total figures at June 30,1991 Los Angeles Avenue Casey/Gabbert Alternate Senior Center 1986 Park Community Road AOC Route AOC Recreation Bond Act Fund Bond Act Fund Development Assets Fund(28) Fund(29) Fund(33) (35) (38) Fund(41) Cash and investments $ 5,847 2,034,961 41,681 — — 805,767 Accounts and interest receivable,net 29,037 26,196 — — — — Due from other funds — — — — — — $ 34,884 2,061,157 41,681 — — 805,767 Liabilities and Fund Balances(Deficit) Liabilities: Accounts payable and accrued liabilities $ — — 9,022 — — 89,591 Deferred revenue — — 26,378 — — — Due to other funds — — — 16,440 — — Total liabilities — — 35,400 16,440 — 89,591 Fund balances(deficit): Reserved for receivables due after one year — — — — — Unreserved: Designated — — — — — — Undesignated 34,884 2,061,157 6,281 (16,4,40) — 716,176 Total fund balances(deficit) 34,884 2,061,157 6,281 (16,440) — 716,176 $ 34,884 2,061,157 41,681 — — 805,767 (Continued) 24 Schedule 1-5 CITY OF MOORPARK, CALIFORNIA Combining Balance Sheet-All Special Revenue Funds,Continued June 30,1992 with comparative total figures at June 30, 1991 Crossing Art Public Bicycle and Guard Fund Municipal Places Fund Equestrian Totals Assets (43) Pool Fund(45) (46) Fund(47) 1992 1991 Cash and investments $ 93,158 21,398 45,037 24,557 17,962,903 17,511,074 Accounts and interest receivable,net 1,401 308 - 352 482,817 666,819 Due from other funds - - - - 152,003 133,691 $ 94,559 21,706 45,037 24,909 18,597,723 18,311,584 Liabilities and Fund Balances(Deficit) Liabilities: Accounts payable and accrued liabilities $ - - - - 523,469 579,555 Deferred revenue - - - - 999,133 1,169,275 Due to other funds - - - - 150,440 135,294 Total liabilities - - - - 1,673,042 1,884,124 Fund balances(deficit): Reserved for receivables due after one year - - - - 142,152 150,000 Unreserved: Designated - - - - 500,000 985,000 Undesignated 94,559 21,706 45,037 24,909 16,282,529 15,292,460 Total fund balances(deficit) 94,559 21,706 45,037 24,909 16,924,681 16,427,461) $ 94,559 21,706 45,037 24,909 18,597,723 18,311,584 25 Jule 2 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Deficit)-All Special Revenue Funds Year ended June 30,1992 with comparative total figures for the year ended June 30,1991 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 $ - 447,810 - - - - Building and safety fees - - - - - - Maintenance assessments - - 48,206 - - - Subventions and grants - - - - 418,634 51,546 Planning and public works fees - - - - - - Park development fees - - 10,284 - - - Charges for current services - - 53,734 21,815 - - Fines and forfeitures 60,666 - - - - - Interest 18,885 189,810 333,021 1,223 - 6,086 Other - 187 460 - 23,258 5,365 Total revenues 79,551 637,807 445,705 23,038 441,892 62,997 Expenditures: Current: General government - - - - - - Public safety 64,174 - - - - - Public services 33,541 377,569 - - - 87,349 Parks and recreation - - - - - - Capital outlay 23,522 227,026 762,975 - - - Total expenditures 121,237 604,595 762,975 - -- 87,349 Excess(deficiency)of reve- nues over expenditures (41,686) 33,212 (317,270) 23,038 441,892 (24,352) Other financing sources(uses): Disallowed costs returned to County of Ventura - - - - - - Operating transfers in(out) - - - (28,069) - - Total other financing sources(uses) - - - (28,069/ - - Excess(deficiency)of revenues and other sources over expenditures and other uses (41,686) 33,212 (317,270) (5,031) 441,892 (24,352) Fund balances(deficit),July 1 285,598 2,447,521 3,822,429 6,926 283,474 24,352 Fund balances(deficit),June 30 $ 243,912 2,480,733 3,505,159 1,895 725,366 - (Continued) 26 ____. lute 2-2 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Deficit)-All Special Revenue Funds,Continued Year ended June 30,1992 with comparative total figures for the year ended June 30,1991 Transportation Citywide State Transit Federal Aid to Development CDBG Police Traffic Assistance Urban System Act(Article 3) Entitlement Facilities Fee Mitigation Fund(13) Fund(14) Fund(15) Fund(18) Fund(20) Fund(21) Revenues: Other taxes $ - - - - - - Building and safety fees - - - - 11,890 - Maintenance assessments - - - - - - Subventions and grants 34,832 - 100,200 120,397 - - Planning and public works fees - - - - - - Park development fees - - - - - - Charges for current services - - - - - - Fines and forfeitures - - - - - - Interest 10,207 - 6,621 - - - Other - - 7,490 50,000 - Total revenues 45,039 - 114,311 170,397 11,890 - Expenditures: Current: General government - - - - - - Public safety - - - - - - Public services - - - 67,691 - 2,734 Parks and recreation - - - - - - Capital outlay - 10,845 75,330 93,068 4,968 - Total expenditures - 10,845 75,330 160,759 4,968 2,734 Excess(deficiency)of reve- nues over expenditures 45,039 (10,845) 38,981 9,638 6,922 (2,734) Other financing sources(uses): Disallowed costs returned to County of Ventura - - - (150,000) - - Operating transfers in(out) - - - 10•000 - - Total other financing sources(uses) - - - (50,000) - - Excess(deficiency)of revenues and other sources over expenditures and other uses 45,039 (10,845) 38,981 (40,362) 6,922 (2,734) Fund balances(deficit),July 1 95,278 10,845 29,462 100,000 416,609 189,000 _ Fund balances(deficit),June 30 $ 140,317 - 68,443 59,638 423,531 186,266 (Continued) 27 4 dule 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 30,1992 with comparative total figures for the year ended June 30,1991 Tierra 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 $ - - - - - - Building and safety fees - - - - - - Maintenance assessments - 330,805 6,170 350,853 53,294 53,242 Subventions and grants - - - - - - Planning and public works fees - - - - - - Park development fees - - - - - - Charges for current services - - - - - - Fines and forfeitures - - - - - - Interest 60,380 1,874 4,197 1,691 28,196 372,409 • Other 10,095 - - 20,775 - 122 Total revenues 70,475 332,679 10,367 373,319 81,490 425,773 Expenditures: Current: General government 25 4,639 - - - - Public safety - - - - - - Public services - 336,827 - - - 2,575 Parks and recreation - - - 429,797 - - Capital outlay - - - - 46,952 173,119 Total expenditures 25 341,466 - 429,797 46,952 175,694 Excess(deficiency)of reve- nues over expenditures 70,450 (8,787) 10,367 (56,478) 34,538 250,079 Other financing sources(uses): Disallowed costs returned to County of Ventura - - - - - - Operating transfers in(out) - - - 1,563 15,119 (293,061) Total other financing sources(uses) - - - 1,563 15,119 (293,061) Excess(deficiency)of revenues and other sources over expenditures and other uses 70,450 (8,787) 10,367 (54,915) 49,657 (42,982) Fund balances(deficit),July 1 285,858 264,972 52,236 54,915 172,523 5,246,858 Fund balances(deficit),June 30 $ 356,308 256,185 62,603 - 222,180 5,203,876 (Continued) 28 ule 2-4 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Deficit)-All Special Revenue Funds,Continued Year ended June 30,1992 with comparative total figures for the year ended June 30,1991 Los Angeles Avenue Casey/Gabbert Alternate Senior Center 1986 Park Community Road AOC Route AOC Recreation Bond Art Fund Bond Act Fund Development Fund(28) Fund(29) Fund(33) (35) (38) Fund(41) Revenues: Other taxes $ - - - - _ - Building and safety fees - - - - - - Maintenance assessments 27,300 - - - - - Subventions and grants - - - - - - Planning and public works fees - - - - - 926,433 Park development fees - - - - _ - Charges for current services - - 91,836 - - - Fines and forfeitures - - - - - _ Interest 1,732 128,448 - - - - Other - - - - 1,603 • 34,972 Total revenues 29,032 128,448 91,836 - 1,603 961,405 Expenditures: Current: General government - - - - - - Public safety - - - - - - Public services - - - - - 1,077,174 Parks and recreation - - 79,253 - - - Capital outlay - - - - - 3,417 Total expenditures - - 79,253 - - 1,080,591 Excess(deficiency)of reve- nues over expenditures 29,032 128,448 12,583 - 1,603 (119,186) Other financing sources(uses): Disallowed costs returned to County of Ventura - - - - - _ Operating transfers in(out) - 286,706 - - - 1,122 Total other financing sources(uses) - 286,706 - - n - 1,122 Excess(deficiency)of revenues and other sources over expenditures and other uses 29,032 415,154 12,583 - 1,603 (118,064) Fund balances(deficit),July 1 5,852 1,646003 (6,302) (16,440) (1,603) 834,240 Fund balances(deficit),June30 $ 34,884 2,061,157 6,281 (16,440) - 716,176 (Continued) 29 Schedule 2-5 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Deficit)-All Special Revenue Funds,Continued Year ended June 30,1992 with comparative total figures for the year ended June 30,1991 Crossing Art in Public Bicycle and Guard Fund Municipal Places Fund Equestrian Totals (43) _ Pool Fund(45) (46) Fund(47) 1992 1991 Revenues: Other taxes $ - - - - 447,810 404,066 Building and safety fees - - - - 11,890 4,161 Maintenance assessments - - 3,960 - 873,830 996,698 Subventions and grants - - - - 725,609 1,367,922 Planning and public works fees - - - - 926,433 1,123,386 Park development fees - - - - 10,284 - Charges for current services - - - - 167,385 117,462 Fines and forfeitures - - - - 60,666 115,242 Interest 6,869 1,514 - 1,725 1,174,888 1,312,217 Other - - - - 154,327 35,649 Total revenues 6,869 1,514 3,960 1,725 4,553,122 5,476,803 Expenditures: Current: General government - - - - 4,664 54,385 Public safety 4,711 - - - 68,885 57,385 Public services - - - - 1,985,460 1,762,173 Parks and recreation - - - - 509,050 386,580 Capital outlay - - - - 1,421,222 1,573,081 Total expenditures 4,711 - - - 3,989,281 3,833,604 Excess(deficiency)of reve- nues over expenditures 2,158 1,514 3,960 1,725 563,841 1,643,199 Other financing sources(uses): Disallowed costs returned to County of Ventura - - - - (150,000) - Operating transfers in(out) - - - - 83,380 45,567 Total other financing sources(uses) - - - - (66,620) 45,567 Excess(deficiency)of revenues and other sources over expenditures and other uses 2,158 1,514 3,960 1,725 497,221 1,688,766 Fund balances(deficit),July 1 92,401 20,192 41,077 23,184 16,427,460 14,738,694 Fund balances(deficit),June30 $ 94,559 21,706 45,037 24,909 16,924,681 16,427,460 30 .,......dine 3 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Deficit)-Budget and Actual-All Special Revenue Funds Year ended June 30,1992 with comparative total figures for the year ended June 30,1991 Traffic Safety Fund(02) State Gas Tax Fund(03) Variance- Variance- favorable favorable Budget Actual (unfavorable) Budget Actual (unfavorable) Revenues: Other taxes $ - - - 451,540 447,810 (3,730) Building and safety fees - - - - - - Maintenance assessments - - - - - - Subventions and grants - - - - - - Planning and public works fees - - - - - - Park development fees - - - - - - Charges for current services - - - - - - Fines and forfeitures 57,000 60,666 3,666 - - - Interest 8,700 18,885 10,185 107,000 189,810 82,810 Other - - - - 187 187 • Total revenues 65,700 79,551 13,851 558,540 637,807 79,267 Expenditures: Current: General government - - - - - - Public safety 77,390 64,174 13,216 - - - Public services 49,835 33,541 16,294 567,150 377,569 189,581 Parks and recreation - - - - - - Capital outlay 25.685 23,522 2,163 1,861,696 227,026 1,634,670 Total expenditures 152,910 121,237 31,673 2,428,846 604,595 1,824,251 Excess(deficiency)of reve- nues over expenditures (87,210) (41,686) 45,524 (1,870,306) 33,212 1,903,518 Other financing sources(uses): Disallowed costs returned to County of Ventura - - - - - - Operating transfers in(out) - - - - - - Total other financing sources(uses) - - - - - - Excess(deficiency)of revenues and other sources over expenditures and other uses (87,210) (41,686) 45,524 (1,870,306) 33,212 1,903,518 Fund balances(deficit),July 1 285,598 285,598 - 2,447,521 2,447,521 - Fund balances(deficit),June30 $ 198,388 243,912 45,524 577,215 2,480,733 1,903,518 (Continued) 31 Schedule 3-2 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Deficit)-Budget and Actual-All Special Revenue Funds Year ended June 30,1992 with comparative total figures for the year ended June 30,1991 ' 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 - 48,206 48,206 - - - Subventions and grants - - - - - - Planning and public works fees - - - - - - Park development fees 686,000 10,284 (675,716) - - - Charges for current services 30,000 53,734 23,734 12,000 21,815 9,815 Fines and forfeitures - - - - - - Interest 247,000 333,021 86,021 - 1,223 1,223 Other - 460 460 500 - (500) Total revenues 963,000 445,705 (517,295) 12,500 23,038 10,538 Expenditures: Current: General government - - - - - - Publicsafety - - - - - - Public services - - - - - - Parks and recreation - - - - Capital outlay 1,741,313 762,975 978,338 - - - Total expenditures 1,741,313 762,975 978,338 - - - Excess(deficiency)of reve- nues over expenditures (778,313) (317,270) 461,043 12,500 23,038 10,538 Other financing sources(uses): Disallowed costs returned to County of Ventura - - - - - - Operating transfers in(out) - -- - (12,500) (28,069) (15,569) Total other financing sources(uses) - (12,500) (28,069) (15,569) Excess(deficiency)of revenues and other sources over expenditures and other uses (778,313) (317,270) 461,043 - (5.031) (5,031) Fund balances(deficit),July 1 3,822,429 3,822,429 - 6,926 6,926 - Fund balances(deficit),June 30 S 3,044,116 3,505,159 461,043 6,926 1,895 (5,031) (Continued) 32 Sct 3-3 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Deficit)-Budget and Actual-All Special Revenue Funds Year ended June 30,1992 with comparative total figures for the year ended June 30,1991 Local Transportation Streets Fund(11) Local Transportation Transit Fund(U) Variance- Variance- favorable favorable Budget Actual (unfavorable) Budget Actual (unfavorable) Revenues: Other taxes $ - - - - - - Building and safety fees - - - - - - Maintenance assessments - - - - - - Subventions and grants 423,000 418,634 (4,366) 87,000 51,546 (35,454) Planning and public works fees - - - - - - Park development fees - - - - - - Charges for current services - - - - - - Fines and forfeitures - - - - - - Interest 34,400 - (34,400) - 6,086 6,086 Other - 23,258 23,258 4,500 5,365 865 Total revenues 457,400 441,892 (15,508) 91,500 62,997 (28,503) Expenditures: Current: ' General government - - - - - - Public safety - - - - - - Public services - - - 96,100 87,349 8,751 Parks and recreation - - - - - - Capital outlay 91,600 - 91,600 - - - Total expenditures 91,600 - 91,600 96,100 87,349 8,751 Excess(deficiency)of reve- nues over expenditures 365,800 441,892 76,092 (4,600) (24,352) (19,752) Other financing sources(uses): Disallowed costs returned to County of Ventura - - - - - - Operating transfers in(out) - - - - - - Total other financing sources(uses) - - - - - - Excess(deficiency)of revenues and other sources over expenditures and other uses 365,800 441,892 76,092 (4,600) (24,352) (19,752) Fund balances(deficit),July 1 283,474 283,474 - 24,352 24,352 - Fund balances(deficit),June 30 $ 649,274 725,366 76,092 19,752 - (19,752) (Continued) 33 S e3-4 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Deficit)-Budget and Actual-All Special Revenue Funds Year ended June 30,1992 with comparative total figures for the year ended June 30,1991 State Transit Assistance Fund(13) Federal Aid to Urban Systems Fund(14) Variance- Variance- favorable favorable Budget Actual (unfavorable) Budget Actual (unfavorable) Revenues: Other taxes $ — — — — — Building and safety fees — — — — — — Maintenance assessments — — — — — Subventions and grants 36,100 34,832 (1,268) — — — Planning and public works fees — — — — — — Park development fees — — — — — — Charges for current services — — — — — — Fines and forfeitures — — — — — — Interest — 10,207 10,207 — — — Other — — — — — Total revenues 36,100 45,039 8,939 — — — Expenditures: Current: General government — — — — — Public safety — — — — — — Public services — — — — — — Parks and recreation — — — — — — Capital outlay — — — 10,495 10,845 (350) Total expenditures — — — 10,495 10,845 (350) Excess(deficiency)of reve- nues over expenditures 36,100 45,039 8,939 (10,495) (10,845) (350) Other financing sources(uses): Disallowed costs returned to County of Ventura — — — — — — Operating transfers in(out) — — — — — — Total other financing sources(uses) — — — — Excess(deficiency)of revenues and other sources over expenditures and other uses 36,100 45,039 8,939 (10,495) (10,845) (350) Fund balances(deficit),July 1 95,278 95,278 — 10,845 10,845 — Fund balances(deficit),June 30 $ 131,378 140,317 8,939 350 — (350) (Continued) 34 Schedule 3-5 CITY OF MOORPARK,CALIFORNIA • Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Deficit)-Budget and Actual-All Special Revenue Funds Year ended June 30,1992 • with comparative total figures for the year ended June 30,1991 Transportation Development Act(Article 3)Fund(15) CDBG Entitlement Fund(18) Variance- Variance- favorable favorable Budget Actual (unfavorable) Budget Actual (unfavorable) Revenues: - - Other taxes $ - - - - Building and safety fees - - - Maintenance assessments - - - - - - Subventions and grants 73,000 100,200 27,200 550,000 120,397 (429,603) Planning and public works fees - - - - - - Park development fees - - - - _ - Charges for current services - - - - Fines and forfeitures - - - Interest - 6,621 6,621 - - - Other - 7,490 7,490 - 50,000 50,000 Total revenues 73,000 114,311 41,311 550,000 170,397 (379,603) Expenditures: Current: General government - - - 21,620 - 21,620 Public safety - 149,775691 82,084 Public services 67, ces - - - - - Parks and recreation - - Capital outlay 129,651 75,330 54,321 259,729 93,068 166,661 Total expenditures 129,651 75,330 54,321 431,124 160,759 270,365 Excess(deficiency)of reve- nues over expenditures (56,651) 38,981 95,632 118,876 9,638 (109,238) Other financing sources(uses): Disallowed costs returned to County of Ventura - - - - (150,000) (150,000) Operating transfers in(out) - - - 100,000 100,000 - Total other financing sources(uses) - - - 100,000 (50,000) (150,000) Excess(deficiency)of revenues and other sources over expenditures and other uses (56,651) 38,981 95,632 218,876 (40,362) (259,238) Fund balances(deficit),July 1 29,462 29,462 - 100,000 100,000 - Fund balances(deficit),June 30 $ (27,189) 68,443 _ 95,632 318,876 59,638 (259,238) (Continued) 35 S. ule 3-6 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Deficit)–Budget and Actual–All Special Revenue Funds Year ended June 30,1992 with comparative total figures for the year ended June 30,1991 Police Facilities Fee Fund(20) Citywide Traffic Mitigation Fund(21) Variance– Variance– favorable favorable Budget Actual (unfavorable) Budget Actual (unfavorable) Revenues: Other taxes $ — — — — — — Building and safety fees 4,100 11,890 7,790 — — — Maintenance assessments — — — — — — Subventions and grants — — — — — — Planning and public works fees — — — — — — Park development fees — — — — — — Charges for current services — — — — — — Fines and forfeitures — — — — — — Interest — — — 11,800 — (11,800) Other — — — — — Total revenues 4,100 11,890 7,790 11,800 — (11,800) Expenditures: Current: General government — — — — — — Public safety — — — — — — Public services — — — — 2,734 (2,734) Parks and recreation — — — — — — Capital outlay 10,000 4,968 5,032 — — — Total expenditures 10,000 4,968 5,032 — 2.734 (2,734) Excess(deficiency)of reve- nues over expenditures (5,900) 6,922 12,822 11,800 (2,734) (14,534) Other financing sources(uses): Disallowed costs returned to County of Ventura — — — — — — Operating transfers in(out) — — — _ — — — Total other financing sources(uses) — — — — — — Excess(deficiency)of revenues and other sources over expenditures and other uses (5,900) 6,922 12,822 11,800 (2,734) (14,534) Fund balances(deficit),July 1 416,609 416,609 — 189,000 189,000 — Fund balances(deficit),June30 $ 410,709 423,531 12,822 200,800 186,266 (14,534) (Continued) 36 So.__ale 3-7 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Deficit)-Budget and Actual-All Special Revenue Funds Year ended June 30,1992 with comparative total figures for the year ended June 30,1991 Affordable Housing Fund(22) Landscape and Lighting Fund(23) Variance- Variance- favorable favorable Budget Actual (unfavorable) Budget Actual (unfavorable) Revenues: Other taxes S - - - - - - Building and safety fees - - - - - - Maintenance assessments - - - 323,408 330,805 7,397 Subventions and grants - - - - - - Planning and public works fees - - - - - Park development fees - -. - - - - Charges for current services - - - - - - Fines and forfeitures - - - - - - Interest 11,900 60,380 48,480 - 1,874 1,874 Other - 10,095 10,095 1,000 - (1,0x)) Total revenues 11,900 70,475 58,575 324,408 332,679 8,271 Expenditures: Current: General government - 25 (25) - 4,639 (4,639) Public safety - - - - - - Public services - - - 380,549 336,827 43,722 Parks and recreation - - - - - - Capital outlay - - - 217,455 - 217,455 Total expenditures - 25 (25) 598,004 341,466 256,538 Excess(deficiency)of reve- nues over expenditures 11,900 70,450 58,550 (273,596) (8,787) 264,809 Other financing sources(uses): Disallowed costs returned to County of Ventura - - - - - - Operating transfers in(out) - - - - - - Total other financing sources(uses) - - - - - - Excess(deficiency)of revenues and other sources over expenditures and other uses 11,900 70,450 58,550 (273,596) (8,787) 264,809 Fund balances(deficit),July 1 285,858 285,858 - 264,972 264,972 - Fund balances(deficit),June 30 $ 297,758 356,308 58,550 (8,624) 256,185 264,809 (Continued) 37 Schedule 3-8 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Deficit)-Budget and Actual-All Special Revenue Funds Year ended June 30,1992 with comparative total figures for the year ended June 30,1991 Traffic System Management Fund(24) Park Maintenance Fund(25) Variance- Variance- favorable favorable Budget Actual (unfavorable) Budget Actual (unfavorable) Revenues: Other taxes $ - - - - - - Building and safety fees - - - - - - Maintenance assessments 584,000 6,170 (577,830) 364,161 350,853 (13,308) Subventions and grants - - - - - - Planning and public works fees - - - - - - Park development fees - - - - - - Charges for current services - - - - - - Fines and forfeitures - - - - - - Interest 2,600 4,197 1,597 - 1,691 1,691 Other - - - 100 20,775 20,675 Total revenues 586,600 10,367 (576233) 364,261 373,319 9,058 Expenditures: Current: General government - - - - - - Public safety - - - - - - Public services - - - - - - Parks and recreation - - - 413,599 429,797 (16,198) Capital outlay - - - - - - Total expenditures - - - 413,599 429,797 06,198) Excess(deficiency)of reve- nues over expenditures 586,600 10,367 (576,233) (49,338) (56,478) (7,140) Other financing sources(uses): Disallowed costs returned to County of Ventura - - - - - - Operating transfers in(out) - - - - 1,563 1.563 Total other financing sources(uses) - - - - 1,563 1.563 Excess(deficiency)of revenues and other sources over expenditures and other uses 586,600 10,367 (576,233) (49,338) (54,915) (5,577) Fund balances(deficit),July 1 52,236 52,236 - 54,915 54,915 - Fund balances(deficit),June 30 $ 638,836 62,603 (576,233) 5,577 - (5,577) (Continued) 38 Schedule 3-9 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Deficit)-Budget and Actual-All Special Revenue Funds Year ended June 30,1992 with comparative total figures for the year ended June 30,1991 Tierra Relada/Spring Road AOC Fund(26) Loa Angeles Avenue AOC Fund(27) Variance- Variance- favorable favorable Budget Actual (unfavorable) Budget Actual (unfavorable) Revenues: Other taxes 5 - - - - - - Building and safety fees - - - - - - Maintenance assessments - 53,294 53,294 - 53,242 53,242 Subventions and grants - - - - - - Planning and public works fees - - - - - - Park development fees - - - - - - Charges for current services - - - - - - Fines and forfeitures - - - - - -. interest 11,400 28,196 16,796 272,000 372,409 100,409 Other - - - - 122 122 Total revenues 11,400 _ 81,490 70,090 272,000 425,773 153,773 Expenditures: Current: General government - - - - - - Public safety - - - - - - Public services - - - - 2,575 (2,575) Parks and recreation - - - - - - Capital outlay 288,000 46,952 241,048 1,095,200 173,119 922,081 Total expenditures 288,000 46,952 241,048 1,095,200 175,694 919,506 Excess(deficiency)of reve- nues over expenditures (276.600) 34,538 311,138 (823200) 250.079 1,073279 Other financing sources(uses): Disallowed costs returned to County of Ventura - - - - - - Operating transfers in(out) 12,226 15,119 2,893 (12,226) (293,061) (280,835) Total other financing sources(uses) 12,226 15,119 2,893 (12,226) (293,061) (280,835) Excess(deficiency)of revenues and other sources • over expenditures and other uses (264,374) 49,657 314,031 (835,426) (42,982) 792,444 Fund balances(deficit),July 1 172,523 172,523 - 5,246,858 5,246,858 - Fund balances(deficit),June 30 $ (91,851) 222,180 314,031 4,411,432 5,203,876 792,444 (Continued) 39 Schedule 3-10 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Deficit)-Budget and Actual-All Special Revenue Funds Year ended June 30,1992 with comparative total figures for the year ended June 30,1991 Los Angeles Avenue Casey/Gabbert Road AOC Fund(28) Alternate Route AOC Fund(29) Variance- Variance- favorable favorable Budget Actual (unfavorable) Budget Actual (unfavorable) Revenues: Other taxes $ - - - - - - Building and safety fees - - - - - - Maintenance assessments - 27,300 27,300 - - - Subventions and grants - - - - - - Planning and public works fees - - - - - - Park development fees - - - - - - Charges for current services - - - - Fines and forfeitures - - - - - - Interest 4,100 1,732 (2,368) 83,000 128,448 45,448 Other - - - - - - Total revenues 4,100 29,032 24,932 83,000 128,448 45,448 Expenditures: Current: General government - - - - - - Public safety - - - - - - Public services - - - - - - Parks and recreation - - - - - - Capital outlay - - - - - - Total expenditures - - - - - - Excess(deficiency)of reve- nues over expenditures 4,100 29,032 24,932 83,000 128,448 45,448 Other financing sources(uses): Disallowed costs returned to County of Ventura - - - - - - Operating transfers in(out) - - - - 286.706 286.706 Total other financing sources(uses) - - - - 286,706 286,706 Excess(deficiency)of revenues and other sources over expenditures and other uses 4,100 29,032 24,932 83,000 415,154 332,154 Fund balances(deficit),July 1 5,852 5,852 - 1,646,003 1,646,003 - Fund balances(deficit),June 30 $ 9,952 34,884 24,932 1,729,003 2,061,157 332,154 (Continued) 40 Sche -1I CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Deficit)-Budget and Actual-All Special Revenue Funds Year ended June 30,1992 with comparative total figures for the year ended June 30,1991 Recreation Fund(33) Senior Center Bond Act Fund(35) 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 61,900 91,836 29,936 — — — Fines and forfeitures — — — — — — Interest — — — — — — Other — — — — — — Total revenues 61,900 91,836 29,936 — — — Expenditures: Current: General government — — — — — — Public safety — — — — — — Public services — — — — — — Parks and recreation 55,204 79,253 (24,049) — — — Capital outlay — — — — — — Total expenditures 55,204 79,253 (24,049) — — — Excess(deficiency)of reve- nues over expenditures 6,696 12,583 5,887 — — — Other financing sources(uses): Disallowed costs returned to County of Ventura — — — — — — Operating transfers in(out) — — — — — — Total other financing sources(uses) — — — — — — Excess(deficiency)of revenues and other sources over expenditures and other uses 6,696 12,583 5,887 — — — Fund balances(deficit),July 1 (6,302) (6,302) — (16,440) (16,440) — Fund balances(deficit),June 30 $ 394 6,281 5,887 (16,440) (16,440) — (Continued) 41 Schedule 3-12 CITY OF MOORPARK,CALIFORNIA • Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Deficit)-Budget and Actual-All Special Revenue Funds Year ended June 30,1992 with comparative total figures for the year ended June 30,1991 • 1986 Park Bond Act Fund(38) Community Development Fund(41) 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 — — — 580,408 926,433 346,025 Park development fees — — — — — — Charges for current services — — — — — — Fines and forfeitures — — — — — — Interest — — — — — — Other — 1,603 1,603 — 34,972 34,972 Total revenues — 1,603 1,603 580,408 961,405 380,997 Expenditures: Current: General government — — — — — — Public safety — — — — — — Public services — — — 943,691 1,077,174 (133,483) Parks and recreation — — — — — — Capital outlay — — — 3,435 3,417 18 Total expenditures — — — 947,126 1,080,591 (133,465) Excess(deficiency)of reve- nues over expenditures — 1,603 1,603 (366,718) (119,186) 247,532 Other financing sources(uses): Disallowed costs returned to County of Ventura — — — — — — Operating transfer;in(out) — — — — 1,122 1,122 Total other financing sources(uses) — — — — 1,122 1,122 Excess(deficiency)of revenues and other sources over expenditures and other uses — 1,603 1,603 (366,718) (118,064) 248,654 Fund balances(deficit),July 1 (1,603) (1,603) — 834.240 834,240 — Fund balances(deficit),June 30 $ (1,603) — 1.603 467,522 716,176 248,654 (Continued) 42 Schi -13 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Deficit)-Budget and Actual-All Special Revenue Funds Year ended June 30,1992 with comparative total figures for the year ended June 30,1991 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 5,100 6,869 1,769 1,000 1,514 514 Other - - - - Total revenues 5,100 6,869 1,769 1,000 1,514 514 Expenditures: Current: General government - - - - - - Public safety 8,372 4,711 3,661 - - - Public services - - - - - - Parks and recreation - - - -- - - Capital outlay - - - - - - Total expenditures 8,372 4,711 3,661 - - - Excess(deficiency)of reve- nues over expenditures (3,272) 2,158 5,430 1,000 1,514 514 Other financing sources(uses): Disallowed costs returned to County of Ventura - - - Operating transfers in(out) - _ - - - - - Total other financing • sources(uses) - - - - - - Excess(deficiency)of revenues and other sources over expenditures and other uses (3,272) 2,158 5,430 1,000 1,514 514 Fund balances(deficit),July 1 92,401 92,401 - 20,192 20,192 - Fund balances(deficit),June 30 $ 89,129 94,559 5.430 21,192 21,706 514 (Continued) 43 SchL_____-l4 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Deficit)-Budget and Actual-All Special Revenue Funds Year ended June 30,1992 with comparative total figures for the year ended June 30,1991 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 — 3,960 3,960 — — — Subventions and grants — — — — — — Planning and public works fees — — — — — — Park development fees — — — — — — Charges for current services — — — — — — Fines and forfeitures — — — — — — Interest 2,400 — (2,400) 1,200 1,725 525 Other — — — — — Total revenues 2,400 3,960 1,560 1,200 1,725 525 Expenditures: Current: General government — — — — — — Public safety — — — — — — Public services — — — — — — Parks and recreation — — — — — Capital outlay — — — — — — Total expenditures — — — — — — Excess(deficiency)of reve- nues over expenditures 2,400 3,960 1,560 1,200 1,725 525 Other financing sources(uses): Disallowed costs returned to County of Ventura — — — — — — Operating transfers in(out) — — — — — — Total other financing sources(uses) — — — — — — Excess(deficiency)of revenues and other sources over expenditures and other uses 2,400 3,960 1,560 1,200 1,725 525 Fund balances(deficit),July 1 41,077 41,077 — 23,184 23,184 -- Fund balances(deficit),June 30 $ 43,477 45,037 1,560 24,384 24,909 525 44 Schedule 3-15 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Deficit)-Budget and Actual-All Special Revenue Funds Year ended June 30,1992 with comparative total figures for the year ended June 30,1991 Total 1992 1991 Variance- Variance- favorable favorable Budget Actual (unfavorable) Budget Actual (unfavorable) Revenues: Other taxes $ 451,540 447,810 (3,730) 349,600 404,066 54,466 Building and safety taxes 4,100 11,890 7,790 520,000 4,161 (515,839) Maintenance assessments 1,271,569 873,830 (397,739) 1,841,854 996,698 (845,156) Subventions and grants 1,169,100 725,609 (443,491) 1,360,953 1,367,922 6,969 Planning and public works 580,408 926,433 346,025 296,940 1,123,386 826,446 Park development fees 686,000 10,284 (675,716) 95,000 - (95,000) Charges for current services 103,900 167,385 63,485 203,610 117,462 (86,148) Fines and forfeitures 57,000 60,666 3,666 120,000 115,242 (4,758) Interest 803,600 1,174,888 371,288 1,298,685 1,312,217 13,532 Other 6.100 154,327 148,227 - 35.649 35,649 Total revenues 5,133,317 4,553,122 (580,195) 6,086,642 5,476,803 (609,839) Expenditures: Current: General government 21,620 4,664 16,956 78,080 54,385 23,695 Public safety 85,762 68,885 16,877 62,888 57,385 5,503 Public services 2,187,100 1,985,460 201,640 2,258,307 1,762,173 496,134 Parks and recreation 468,803 509,050 (40,247) 401,155 386,580 14,575 Capital outlay 5,734,259 1,421,222 4,313,037 5,184,895 1,573,081 3,611.814 Total expenditures 8,497,544 3,989,281 4.508,263 7,985,325 3,833,604 4,151,721 Excess(deficiency)of reve- nues over expenditures (3,364,227) 563,841 3,928,068 (1,898,683) 1,643,199 3,541,882 Other financing sources(uses): Disallowed costs returned to County of Ventura - (150,000) (150,000) - - - Operating transfers in(out) 87,500 83,380 (4,120) 68,244 45,567 (22,677) Total other financing sources(uses) 87,500 (66,620) (154,120) 68,244 45,567 (22,677) Excess(deficiency)of revenues and other sources over expenditures and other uses (3,276,727) 497,221 3,773,948 (1,830,439) 1,688,766 3,519,205 Fund balances(deficit),July 1 16,427,460 16,427,460 - 14,738,694 14,738,694 - Fund balances(deficit),June 30 $ 13,150,733 16,924,681 3,773,948 12,908,255 16,427,460 3,519,205 45 CAPITAL PROJECTS FUNDS Schedule 4 CITY OF MOORPARK, CALIFORNIA Combining Balance Sheet-All Capital Projects Funds June 30, 1992 with comparative total figures at June 30, 1991 Equipment City Hall Replacement Redevelopment Totals Assets Building Fund Fund Agency Fund 1992 1991 Cash and investments $ 3,470 5,728 2,133,029 2,142,227 296,602 Accounts and interest receivable — 82 10,708 10,790 10,915 Due from other funds — — — — 782 $ 3,470 5,810 2,143,737 2,153,017 308,299 Liabilities and Fund Balances(Deficit) Liabilities: Accounts payable and accrued liabilities $ — — 7,971 7,971 9,332 Advances payable to General Fund — — 2,138,137 2,138,137 268,785 Total liabilities — — 2,146,108 2,146,108 278,117 Fund balances(deficit): Reserved for contingency — — 263,388 263,388 263,388 Unreserved 3,470 5,810 (265,759) (256,479) (233,206) Total fund balances(deficit) 3,470 5,810 (2,371) 6,909 30,182 $ 3,470 5,810 2,143,737 2,153,017 308,299 46 Schedule 5 CITY OF MOORPARK,CALIFORNIA Combining Statement of Revenues,Expenditures and Changes in Fund Balances(Deficit)-All Capital Projects Funds Year ended June 30,1992 with comparative total figures for the year ended June 30,1991 Equipment City Hall Replacement Redevelopment Totals Building Fund Fund Agency Fund 1992 1991 Revenues: Property taxes $ — — — — 263,388 Interest — 405 19,673 20,078 10,567 Total revenues — 405 19,673 20,078 273,955 Expenditures: Current: General government 125 — 24,874 24,999 42,458 Public safety — — — — — Public services — — — — 8,061 Parks and recreation — — — — — Capital outlay — — — — 52,650 Debt service-interest expense — — 18,352 18,352 15,669 Total expenditures 125 — 43,226 43,351 118,838 Excess(deficiency)of reve- nues over expenditures (125) 405 (23,553) (23,273) 155,117 Operating transfers in — — — — 55,462 Excess(deficiency)of reve- nues and net operating transfers over expenditures (125) 405 (23,553) (23,273) 210,579 Fund balances(deficit),July 1 3,595 5,405 21,182 30,182 (180,397) Fund balances(deficit),June 30 $ 3,470 5,810 (2,371) 6,909 30,182 47 AGENCY FUNDS xnedule 6 CITY OF MOORPARK,CALIFORNIA Statement of Changes in Assets and Liabilities-All Agency Funds Year ended June 30,1992 Balance, Balance, July 1,1991 Additions Deletions June 30,1992 Developer Deposit Fund(39) Cash and investments $ 752,523 - 1,920 750,603 Accounts and interest receivable 32,518 - 32,518 -- $ 785,041 - 34,438 750,603 Accounts payable and accrued liabilities $ 98,014 - 36,716 61,298 Developer deposits 687,027 2,278 - 689,305 $ 785,041 2,278 36,716 750,603 Deferred Compensation Fund(99) Cash and investments $ - 19,588 - 19,588 $ - 19,588 - 19,588 Due to participants $ - 19,588 - 19,588 $ - 19,588 _ - 19,588 Total-All Agency Funds Cash and investments $ 752,523 19,588 1,920 770,191 Accounts and interest receivable 32,518 - 32,518 - $ 785,041 19,588 34,438 770,191 Accounts payable and accrued liabilities $ 98,014 - 36,716 61,298 Developer deposits 687,027 2,278 - 689,305 Amounts due participants - 19,588 - 19,588 $ 785,041 21,866 36,716 770,191 48