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ANNUAL FINANCIAL REPORT
Year Ended June 30, 1991
CITY OF MOORPARK
ANNUAL FINANCIAL REPORT
June 30, 1991
TABLE OF CONTENTS
Page
Report of Independent Auditors 1
General Purpose Financial Statements at June 30, 1991 and for the year then ended:
Combined Balance Sheet-All Fund Types and Account Group 2
Combined Statement of Revenues,Expenditures and Changes in Fund Balances - All Governmental Fund Types 3
Combined Statement of Revenues and Expenditures -Budget and Actual- General and Special Revenue Funds 4
Notes to General Purpose Financial Statements 5
Schedule
Additional Financial Information at June 30, 1991 and for the year then ended:
Special Revenue Funds:
Combining Balance Sheet 1 14
Combining Statement of Revenues,Expenditures and Changes in Fund Balances 2 19
Combining Statement of Revenues and Expenditures - Budget and Actual 3 26
Capital Projects Funds:
Combining Balance Sheet 4 38
Combining Statement of Revenues,Expenditures and Changes in Fund Balances 5 39
ElERNST&YOUNG ■Warner Corporate Center ■I'hone: 8,.. ,.,3 4700
21100 Victory Boulevard #1000 i\: 818 347 9235
Woodland I lily
California 91 367-25 3 3
REPORT OF INDEPENDENT AUDITORS
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, 1991, and for
the year then ended, as listed in the accompanying table of contents. These general purpose financial statements are the responsibility of City
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, 1991, 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.
January 9, 1992 / ,
1
CITY C OORPARK
COMBINED BALANCE SHEET
ALL FUND TYPES AND ACCOUNT GROUP
June 30, 1991
Fiduciary
Governmental Fund Types Fund Type Totals(memorandum only)
Special Capital General
General revenue projects Fixed Assets
ASSETS Fund funds funds Agency Fund Account Group June 30, 1991 June 30,1990
Cash and investments(Note 3) $ 4,825,528 $ 17,511,074 $ 296,602 $ 752,523 $ - $ 23,385,727 $ 21,117,490
Accounts and interest receivable 385,169 666,819 10,915 32,518 - 1,095,421 599,614
Due from Redevelopment Agency 268,785 - - - - 268,785 190,117
Due from other funds(Note 1) 1,603 133,691 782 - - 136,076 282,903
Property and equipment(Notes 1 and 5):
Land - - - - 6,838,062 6,838,062 6,838,062
Buildings and structures - - - - 1,630,978 1,630,978 1,566,990
Improvements other than buildings - - - - 818,835 818,835 734,230
Office furniture and equipment - - - - 422,998 422,998 400,413
Other equipment - - - - 268,527 268.527 122,852
$ 5,481,085 $ 18,311,584 $ 308,299 $ 785,041 $ 9,979,400 $ 34,865,409 $ 31,852,671
LIABILITIES AND FUND EQUITIES
Liabilities:
Accounts payable and accrued
liabilities,including compen-
sated absences(Note 1) $ 695,355 $ 579,555 $ 9,332 $ 98,014 $ - $ 1,382,256 $ 1,369,061
Deposits,principally from
developers(Note 1) - - - 687,027 - 687,027 1,537,879
Deferred revenue - 1,169,275 - - - 1,169,275 -
Advances payable to General Fund - - 268,785 - - 268,785 190,117
Due to other funds(Note 1) 782 135,294 - - - 136,076 282,903
Total liabilities 696,137 1,884,124 278,117 785,041 - 3,643,419 3,379,960
Commitments and contingencies(Notes 7 and 9)
Fund equities:
Investment in general fixed assets - - - - 9,979,400 9,979,400 9,662,547
Fund balances(deficit):
Reserved for advances to Redevelopment
Agency 268,785 - - - - 268,785 190,117
Reserved for contingency - - 263,388 - - 263,388 -
Reserved for receivables due after one year,net - 150,000 - - - 150,000 -
Unreserved:
Designated(Note 6) 1,021,682 985,000 - - - 2,006,682 1,602,641
Undesignated 3,494,481 15,292,460 (233.206) - - 18,553,735 17,017,406
Total fund equities 4,784,948 16.427,460 30,182 - 9,979,400 31,221,990 28,472.711
$ 5,481,085 $ 18,311,584 $ 308,299 $ 785,041 $ 9,979,400 $ 34,865,409 $ 31,852,671
See accompanying notes to general purpose financial statements.
2
CITY C :OORPARK
COMBINED STATEMENT OF REVENUES,EnrEADITURES AND CHANGES IN FUND BALANCES
ALL GOVERNMENTAL FUND TYPES
Year ended June 30, 1991
Governmental Fund Types Totals(memorandum only)
Special Capital
General revenue projects Year ended
Fund funds funds June 30. 1991 June 30,1990_
Revenues:
Property taxes $ 1,267,732 $ - $ 263,388 $ 1,531,120 $ 1,155,681
Sales taxes 848,166 - - 848,166 903,496
Other taxes 50,289 404,066 - 454,355 433,597
Motor vehicle license fees 938,247 - - 938,247 876,994
Utility franchise fees 332,478 - - 332,478 225,928
Building and safety fees - 4,161 - 4,161 27,997
Planning and public works fees 4,880 1,123,386 - 1,128,266 744,311
Subventions and grants 16,571 1,217,922 - 1,234,493 959,679
Maintenance assessments 50,000 996,698 - 1,046,698 1,109,988
Park d:velopment fees - - - - 97,223
Charges for current services - 117,462 - 117,462 203,448
Fines and forfeitures 19,926 115,242 - 135,168 116,905
Interest 403,730 1,312,217 10,567 1,726,514 1,667,660
Miscellaneous 33,929 35,649 - 69,578 125,988
Total revenues 3,965,948 5,326,803 273,955 9,566,706 8,648,895
Expenditures:
Current:
General government 998,981 54,385 42,458 1,095,824 960,745
Public safety 1,829,698 57,385 - 1,887,083 1,621,378
Public services 97,566 1,762,173 8,061 1,867,800 1,483,208
Parks and recreation 201,853 386,580 - 588,433 520,906
Interest - - 15,669 15,669 20,117
Capital outlay 203,740 1,573,081 52.650 1,829,471 1,765,924
Total expenditures 3,331338 3.833,604 118,838 7.284.280 6,372,278
Excess of revenues over expenditures 634,110 1,493,199 155,117 2,282,426 2,276,617
Operating transfers from(to)other funds,net (101,029) 45,567 55.462 - -
Excess of revenues and net operating
transfers over expenditures 533,081 1,538,766 210,579 2,282,426 2,276,617
Fund balances(deficit),beginning of year 4,251,867 14,738,694 (180,397) 18,810,164 16,533,547
Increase in fund balance reserved for
receivables due after one year,net - 150,000 - 150,000 -
Fund balances,end of year $ 4,784,948 $ 16,427,460 $ 30,182 $ 21,242,590 $ 18,810,164
See accompanying notes to general purpose financial statements.
3
CITY 0 OORPARK
COMBINED STATEMENT OF REVENUES AND EXPENDITURES-BUDGET AND ACTUAL(NOTE 2)
GENERAL AND SPECIAL REVENUE FUNDS
Year ended June 30, 1991
General Fund Special revenue funds Totals(memorandum only)
Variance- Variance- Variance-
favorable favorable favorable
(unfavor- (unfavor- (unfavor-
Budget Actual able BudgetActual able) Budget Actual able
Revenues:
Property taxes $ 1,214,750 $ 1,243,556 $ 28,806 $ - $ - $ - $ 1,214,750 $ 1,243,556 $ 28,806
Sales taxes 950,000 848,166 (101,834) - - - 950,000 848,166 (101,834)
Other taxes 66,360 74,465 8,105 349,600 404,066 54,466 415,960 478,531 62,571
Motor vehicle license
fees 932,000 938,247 6,247 - - - 932,000 938,247 6,247
Utility franchise fees 224,000 332,478 108,478 52,000 - (52,000) 276,000 332,478 56,478
Building and safety fees - - - 520,000 4,161 (515,839) 520,000 4,161 (515,839)
Planning and public
works fees - 4,880 4,880 296,940 1,123,386 826,446 296,940 1,128,266 831,326
Subventions and grants - 16,571 16,571 1,360,953 1,217,922 (143,031) 1,360,953 1,234,493 (126,400)
Maintenance assessments - 50,000 50,000 1,841,854 996,698 (845,156) 1,841,854 1,046,698 (795,156)
Park development fees - - - 95,000 - (95,000) 95,000 - (95,000)
Charges for current
services 1,400 - (1,400) 203,610 117,462 (86,148) 205,010 117,462 (87,548)
Fines and forfeitures 19,800 19,926 126 120,000 115,242 (4,758) 139,800 135,168 (4,632)
Interest 230,500 403,730 173,230 1,298,685 1,312,217 13,532 1,529,185 1,715,947 186,762
Miscellaneous 16,500 33,929 17,429 - 35,649 35.649 16,500 69.578 53.078
Total revenues 3,655,310 3,965,948 310,638 6,138,642 5,326,803 (811,839) 9,793,952 9,292,751 (501,201)
Expenditures:
Current:
General government 1,047,190 998,981 48,209 78,080 54,385 23,695 1,125,270 1,053,366 71,904
Public safety 1,946,014 1,829,698 116,316 62,888 57,385 5,503 2,008,902 1,887,083 121,819
Public services 109,276 97,566 11,710 2,258,307 1,762,173 496,134 2,367,583 1,859,739 507,844
Parks and recreation 243,288 201,853 41,435 401,155 386,580 14,575 644,443 588,433 56,010
Capital outlay 834.905 203.740 631.165 5.184,895 1.573.081 3.611.814 6,019.800 1,776,821 4.242.979
Total expendi-
tures 4.180,673 3.331,838 848.835 7,985,325 3,833.604 4351.721 12,165.998 7.165.442 5.000,556
Excess(deficiency)of
revenues over
expenditures (525,363) 634,110 1,159,473 (1,846,683) 1,493,199 3,339,882 (2,372,046) 2,127,309 4,499,355
Operating transfers from
(to)other funds,net (68.244) (101.029) (32.785) 68,244 45.567 (22,677) - (55.462) (55.462)
Excess(deficiency)of
revenues and net
operating transfers
over expenditures $ (593,607) $ 533,081 $ 1,126,688 $ (1,778,439) $ 1,538,766 $ 3,317,205 $ (2,372,046) $ 2,071,847 $ 4,443,893
See accompanying notes to general purpose financial statements.
4
CITY( DORPARK
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 1991
1. Summary of significant accounting policies (Redevelopment Agency),a separate legal entity,over which the City Council
The City of Moorpark (the City) accounts for its financial position and exercises significant oversight responsibility and authority. The
operations in accordance with generally accepted accounting principles Redevelopment Agency is included based on its financial interdependency,
applicable to governmental units. Accordingly, the City uses several funds the absence of authoritative independence of its officials and the significant
and an account group described below. ability of the City Council to influence the Redevelopment Agency's
operations and fiscal matters.
Fund types and account group
A fund or account group is an accounting entity with a self-balancing set Basis of accounting
of accounts established to record the financial position and results of Governmental fund types use a modified accrual basis of accounting.
operations of a specific governmental activity. The City maintains the Revenues are recognized when available and measurable. Revenues which
following fund types and account group: 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
Governmental fund types, which include the General Fund, special interest. In accruing intergovernmental revenues, such as grants and state
revenue funds and capital projects funds,are used to record the general subsidies, the legal and contractual requirements are used as guidance.
operations of the City. Revenues which are not considered susceptible to accrual include motor
vehicle license fees, certain other licenses and fees, fines, forfeitures and
Fiduciary fund type (Agency Fund), which is used to account for assets penalties. Expenditures are recorded when the liability is incurred.
held by the City as an agent for individuals, organizations and other
funds. The Agency fund is custodial in nature (assets equal liabilities) Interfund transactions
and does not involve measurement of operations. In the course of normal operations, transactions occur among various
City funds. Operating transfers(recurring)are recorded by the receiving fund
General Fixed Assets Account Group,which is used to account for as transfers-in and as an addition to fund balance. Such transfers are recorded
property and equipment purchased or received by the governmental fund by the disbursing fund as transfers-out and a reduction of fund balance.
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 of
the City and the Redevelopment Agency of the City of Moorpark
5
CITY IOORPARK
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 1991
1. Summary of significant accounting policies(Coned.) A summary of interfund due to/from accounts at June 30, 1991 follows:
Interfund transactions(cont'd.)
Operating transfers during the year ended June 30, 1991 include the Due from Due from
Due from special capital Due to special
following: General Fund revenue funds projects funds revenue funds
General Fund:
Operating transfers to(from) 1986 Park Bond Act $ - $ 1,603 $ - $ -
Special Capital Totals Redevelopment
General revenue project (memorandum Agency - - 268,785 -
Fund funds funds only) Special revenue funds:
Operating transfers(to) Park Development - 16,440 - -
from: Los Angeles Avenue
General Fund $ - $ 45,567 $ 55,462 $ 101,029 AOC - 117,251 - -
Special revenue funds: - Tierra/Rejada Spring
Community Center 12,500 - - 12,500 Road AOC 117,251
Landscape and - (7,153) - (7,153) Senior Center Bond
Lighting Act - - - 16,440
Los Angeles Avenue Capital projects funds:
AOC - 7,153 - 7,153 City Hall Building 782 - - -
Solid Waste (58,067) - - (58,067) $ 782 $ 135,294 $ 268,785 $ 133,691
Capital projects funds:
City Hall Building (55.462) - - (55.462)
$ (101,029) $ 45,567 $ 55,462 $ - Property taxes
The duties of assessing and collecting property taxes are performed by
Due to/from accounts are primarily related to advances made by the the Ventura County Assessor and Tax Collector, respectively. The City
General Fund to various special revenue and capital projects funds and the receives an allocation of property taxes collected by the County with respect
Redevelopment Agency. Advances to special revenue and capital project to property located within the City limits. The Redevelopment Agency
funds are current and will be repaid from the receipt of grant funds and future receives incremental property taxes on property within its project area over a
revenues. Advances to the Redevelopment Agency are due on demand,or on base assessed valuation on the date the project area was established. Tax
June 30, 1994 if demand is not made,and accrue interest at the Local Agency 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
Investment Fund rate compounded monthly. These advances are fully
reserved in the General Fund as the amount is not likely to be available to the taxes are levied. Taxes are levied on both real and personal property as it
finance current operations. Several of the affected taxing entities have filed exists on that date.
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.
6
CITY OORPARK
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 1991
1. Summary of significant accounting policies(Cont'd.) of taxes are set by the City Council within State limitations. The legally
Property taxes(cont'd.) adopted budget requires that expenditures not exceed appropriations in total
Secured property taxes are levied against real property and are due and for each fund. The budgetary basis of accounting is consistent with generally
payable in two equal installments. The first installment is due on November 1 accepted accounting principles applicable to the City's financial statements.
and becomes delinquent if not paid by December 10. The second installment The Council is authorized to make and has made appropriation
is due on February 1 and becomes delinquent if not paid by April 10. adjustments to the budget during the year as deemed necessary. Such
Unsecured personal property taxes are due on July 1 each year. These taxes adjustments are included in the budget amounts in the accompanying
become delinquent if not paid by August 31. combined financial statements. Appropriations lapse at year end.
The City records property tax revenues in the fiscal year to which they For the year ended June 30, 1991,actual expenditures exceeded budgeted
are due rather than at the related lien date. Delinquent property taxes at year amounts for certain special revenue funds as follows:
end (June 30), if any, are reserved to the extent they are deemed to be
uncollectible within 60 days thereafter. Local Transportation Transit Fund $ 530
Park Maintenance Fund 7,971
Property and equipment 1986 Park Bond Act Fund 1,000
Acquisitions of property and equipment are recorded as expenditures in
governmental fund types at the time of purchase. These assets, when over The amounts resulted from expenditures related to revenues which were
$500 each,are capitalized at cost in the General Fixed Assets Account Group. greater than or equal to amounts budgeted in those funds. The revenues
Contributed assets are recorded at fair market value at date of donation. covered the increased expenditures and did not create or increase deficit fund
Expenditures for infrastructure(roads,curbs,sidewalks,etc.)normally are not balances in those funds.
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 3. Cash and investments
Assets Account Group. Cash and investments of the City are pooled for deposit and investment
purposes.Interest earned on pooled investments is credited to the funds based
Deposits on each funds'average deposit balance. At June 30, 1991,the total cash and
Deposits principally consist of amounts collected from developers for investments balance comprised the following:
services to be rendered by the City,including engineering plan checks and Carrying amount
inspections and planning review services. The City recognizes appropriate
amounts as revenue when the services are performed and the corresponding Cash in banks-insured by FDIC $ 2,876,219
expenditures are incurred. Cash in banks-collateralized with
securities held by an agent but not
2. Budgetary information in the City's name 2,852,415
The City Council adopts a formal budget at the beginning of the City's Other investments,at cost 17,657,093
fiscal year providing for operations and capital expenditures of the City's $ 23,385,727
General Fund and special revenue funds. Budgetary controls and the levying
7
CITY C )ORPARK
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 1991
Category Carrying Market
3. Cash and investments(Cont d.) 1 a 2 amount value
Credit risk,carrying amount and market value of cash and investments Cash on hand
or in banks $ 100,219 $ - $ 934,213 $ 1,034,432 $ 1,034,432
Cash and certificates of deposit are classified in three categories of credit Certificates
risk as follows:
of
deposit 2,776,000 - 1,918,202 4,694,202 4,694,202
securities 905.093 - - 905.093 905.093
$ 3,781,312 $ - $ 2,852,415 6,633,727 6,633,727
o Category 1:-includes balances that are insured or collateralized with Investment
in Sta
securities held by the City or its agent in the City's name. Treasurer's
investment pool 16.752.000 16.752.000
$ 23,385,727 $ 23,385,727
o Category 2:-includes balances that are collateralized with securities
held by the pledging financial institution's trust department or agent Investment policy
in the City's name. The City temporarily invests its excess cash in instruments which are
allowable under current legislation of the State of California (Government
o Category 3 - includes balances that are uncollateralized, including Code Section 53600 et seq.)
balances that are collateralized with securities held by the pledging The State Code permits investments in the following instruments:
financial institution's trust department or agent but not in the City's o Securities of the U.S.Government or its agencies
name. o Small business administration loans
o Certificates of deposit(or time deposits)placed with commercial
Investments are classified in three categories of credit risk as follows: banks and/or savings and loan companies
o Negotiable certificates of deposit
o Category 1: -includes investments that are insured or registered or o Bankers'acceptances
for which the securities are held by the City or its agent in the City's o Commercial paper
name. o Local Agency Investment Fund(State pool)
o Repurchase agreements
o Category 2: - includes uninsured and unregistered investments for o Passbook savings accounts
which the securities are held by the counterparty's trust department o Reverse repurchase agreements
or agent in the City's name.
o Category 3 - includes uninsured and unregistered investments for
which the securities are held by the counterparty or by its trust
department or agent but not in the City's name.
8
CITY I OORPARK
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 1991
4. Retirement plan intended to help users assess the funding status of the system on a going-
Plan description concern basis,assess progress made in accumulating sufficient assets to pay
The City contributes to the California Public Employees Retirement System benefits when due and make comparisons among employers. The measure is
(PERS), an agent multiple-employer public employee retirement system that the actuarial present value of credited projected benefits and is independent of
acts as a common investment and administrative agent for participating public the funding method used to determine contributions to PERS.
entities within the State of California. The City's total covered payroll for The pension benefit obligation was computed as part of an actuarial
employees participating in PERS for the year ended June 30, 1991 was valuation performed as of June 30, 1990. Significant actuarial assumptions
$982,762. The City's total payroll for the year ended June 30, 1991 was used in the valuation include(a)a rate of return on the investment of present
$1,102,992. and future assets of 8.5%per year compounded annually; (b)projected salary
increases of 5.5%per year compounded annually,attributable to inflation and
Investment policy across the board real salary increases;(c)additional projected salary increases
All full-time City employees are eligible to participate in PERS. Benefits of 1.5% per year, attributable to seniority/merit; and (d) no post retirement
vest after five years of service. Employees who retire at or after age 50,with benefit increases.
five years of credited service, are entitled to an annual retirement benefit, The pension benefit obligation applicable to the City's employees at June
payable monthly for life,in an amount based on the three highest years'salary 30, 1990,is as follows:
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 Pension benefit obligation:
survivor's benefits. These benefit provisions and all other requirements are Retirees and beneficiaries currently receiving
established by State statute and City ordinance. benefits and terminated employees not yet
receiving benefits $ 26,146
Employee and employer contribution obligations Current employees:
The City makes contributions for employees on their behalf. The rate is Accumulated employee contributions including
set by statute and therefore remains unchanged from year to year. The allocated investment earnings 161,625
present rate is 7%. Employer-financed vested 50,323
The City is required to contribute the remaining amounts necessary to Employer-financed non-vested 67,737
fund the benefits for its members,using the actuarial basis recommended by Total pension benefit obligation 305,831
PERS actuaries and actuarial consultants and adopted by the PERS Board of Net assets available for benefits at cost(market
Administration. value is$406,649) 358,597
Assets in excess of pension benefit obligation $ 52,766
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
effect! 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
9
CITY 1 OORPARK
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 1991
4. Retirement plan(Cont'd) 1991 1990 1989 1988
Actuarially determined contribution requirements Net assets available for
and contribution made benefits expressed as a
percentage of the
PERS uses the entry age normal actuarial cost method. As a projected pension obligation 117.25% 121.35% 120.71% 142.46%
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 Assets in excess of
an employee is the level amount which would fund the projected benefit if it pension benefit
were paid annually from date of employment until retirement. PERS uses a obligation 52,766 39,405 23,012 32,617
modification of the entry age cost method in which the employer's total Annual covered payroll 982,762 750,267 591,750 429,673
normal cost is expressed as a level percent of payroll.
The significant actuarial assumptions used to compute the actuarially Assets in excess of
determined contribution requirement are the same as those used to compute pension benefit
the pension benefit obligation. obligation,expressed
The City's contribution to PERS for 1991 of$130,660(including$68,589 as a percentage of
conL ibuted by the City on behalf of its employees)was made in accordance annual covered payroll 5.37% 5.25% 3.89% 7.59%
with actuarially determined requirements computed through an actuarial Employer contribution
valuation performed as of June 30, 1990. The contribution included$62,071 expressed as a percentage
of normal cost(6.316%of current covered payroll). of annual covered payroll 6.32% 6.66% 6.50% 7.00%
Trend information 5. Property and equipment
Trend information gives an indication of the progress made in A summary of changes in the General Fixed Assets Account Group for
accumulating sufficient assets to pay benefits when due. Until ten years of the year ended June 30, 1991 follows:
data are available, as many years as are available will be presented. Trend
information for the City is available for the four years ended June 30, 1991 Balance, Balance,
July 1, June 30,
and is summarized as follows:
1990 Additions Disposals 1991
1991 1990 1989 1988 Land $ 6,838,062 $ - $ - $ 6,838,062
Net assets available Buildings and
for benefits,at cost $358,597 $223,956 $ 134,123 $ 109,430 structures 1,566,990 63,988 - 1,630,978
Improvements other
Pension benefit than buildings 734,230 84,605 - 818,835
obligation 305,831 184,551 111,111 76,813 Office furniture
and equipment 400,413 22,585 - 422,998
Other equipment 122,852 145.675 - 268.527
$ 9,662,547 $ 316,853 $ - $ 9,979,400
10
CITY [OORPARK
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 1991
6. Fund balances the County on May 31 of each year after thirty days'notice has been given,
Designated fund balances and are renegotiated annually. The aggregate of these and other various
The City has designated$485,000 of a special revenue fund balance for contractual commitments total approximately$1,917,000 for the year ending
the future purchase of land. At June 30, 1991, these funds were held in an June 30, 1992.
escrow account. The City has also designated$500,000 of a special revenue
fund balance to be used for reimbursement to a third party for the cost of Contingencies
certain road improvements. Funds in excess of constitutional spending There are certain legal actions pending against the City which
limitations of $1,021,682 for years prior to and including the year ended management considers incident to normal operations, some of which seek
June 30, 1990 have been designated in the General Fund. The voters have substantial monetary damages. In the opinion of management, after
approved the use of these funds by the City. In addition,funds in excess of consultation with counsel, the ultimate resolution of such actions is not
constitutional spending limitations of approximately $100,000 for the year expected to have a significant effect on the financial position or the results of
ended June 30, 1991 are included in the undesignated General Fund balance. operations of the City.
The City expects the carryover amount will be offset in the year ended
8. Residential mortgage and industrial revenue bonds
June 30, 1992 if the City is below the constitutional spending limitation, or The City sponsored a revenue bond program during the year ended June
will be returned by future reductions of taxes or fees as provided in the State
30, 1985 under which $20,000,000 of Single Family Residential Mortgage
of California constitution. Revenue Bonds were issued. The single family mortgage program is
Deficit fund balances designed to provide funds to acquire mortgage loans on single family
The following funds have deficit fund balances at June 30, 1991 in the residences located in the City. These bonds are secured by a pledge of all
amounts indicated: loans receivable advanced from the bond proceeds by the Trustee, First
Interstate Bank of California,and are serviced from payments on the loans to
Special Revenue: the Trustee.
Recreation Fund $ 6,302 The City sponsored a revenue bond program during the year ended June
Senior Center Bond Act Fund 16,440
1986 Park Bond Act Fund 1,603 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
Recreation Fund programs are intended to be self supporting. If future cost rental housing available in the City. The City is guaranteed that 10%of
recreation programs do not eliminate the deficit, such programs would be the units of the project financed with the bonds are made available to persons
supported by a transfer from the General Fund. The General Fund makes and families with incomes not exceeding 80%of the County median income
advances to the Senior Center Bond Act Fund and Park Bond Act Fund and another 10% of the units for persons and families with income not
pending claim and receipt of grant funds. exceeding 50%of the County median income. The units are available under
7. Commitments and contingencies this program for a thirty-year period. These bonds are secured by a letter of
Commitments credit issued by Citibank,N.A.,dated December 23, 1985. The program is
administered by the Trustee,Security Pacific National Bank.
The City has contracted with the County of Ventura for various services,
principally law enforcement. These contracts are cancellable by the City or
11
CITY 1 OORPARK
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 1991
8. Residential mortgage and industrial revenue bonds(Cont'd.)
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 excluded from the accompanying general
purpose financial statements.
9. General liability insurance
General and public liability 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 claim. 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. 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.
12
ADDITIONAL FINANCIAL INFORMATION
13
Schedule 1
Page 1 of 5
CITY OF MOORPARK
COMBINING BALANCE SHEET
ALL SPECIAL REVENUE FUNDS
June 30, 1991
Local Local State
Traffic State Park Community Transportation Transportation Transit
Safety Gas Tax Development Center Streets Transit Assistance
Fund(02) Fund(03) Fund(05) Fund(07) Fund(111 Fund(12) Fund(13)
ASSETS
Cash and investments $ 287,233 $ 2,413,151 $ 4,820,670 $ 6,857 $ 312,400 $ 30,353 $ 92,648
Accounts and interest receivable 21,408 34,370 61,704 233 4,723 955 2,630
Due from other funds - - 16,440 - - - -
$ 308,641 $ 2,447,521 $ 4,898,814 $ 7,090 $ 317,123 $ 31,308 $ 95,278
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable and accrued
liabilities $ 23,043 $ - $ 76,385 $ 164 $ 33,649 $ 6,956 $ -
Deferred revenue - - 1,000,000 - - - -
Due to other funds - - - - - - -
Total liabilities 23,043 - 1,076,385 164 33,649 6,956 -
Fund balances:
Reserved for receivables due after one year - - - - - - -
Unreserved:
Designated - 500,000 485,000 - - - -
Undesignated 285598 1,947,521 3,337,429 6,926 283,474 24,352 95,278
Total fund balances(deficit) 285,598 2,447,521 3,822,429 6,926 283,474 24,352 95,278
$ 308,641 $ 2,447,521 $ 4,898,814 $ 7,090 $ 317,123 $ 31,308 $ 95,278
14
Schedule 1
Page 2 of 5
CITY OF MOORPARK
COMBINING BALANCE SHEET
ALL SPECIAL REVENUE FUNDS
June 30, 1991
Federal
Aid to Transportation Citywide
Urban Development CDBG Police Traffic Affordable
Systems Act(Article 3) Entitlement Facilities Mitigation Housing
Fund(14) Fund(15) Fund(18) Fee Fund(201 Fund (21;) Fund(22)
ASSETS
Cash and investments $ 10,644 $ 74,662 $ 46,096 $ 420,475 $ 189,000 $ 232,304
Accounts and interest receivable 201 - 245,585 - - 153,554
Due from other funds - - - - -
-
$ 10,845 $ 74,662 $ 291,681 $ 420,475 $ 189,000 $ 385,858
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable and accrued
liabilities $ - $ - $ 191,681 $ 3,866 $ - $ -
Deferred revenue - 45,200 - - - 100,000
Due to other funds - - - - -
Total liabilities - 45,200 191,681 3,866 - 100,000
Fund balances:
Reserved for receivables due after one year - - 100,000 - - 50,000
Unreserved:
Designated - - - - - -
Undesignated 10,845 29,462 - 416,609 189,000 235,858
Total fund balances(deficit) 10,845 29,462 100,000 416,609 189,000 285,858
$ 10,845 $ 74,662 $ 291,681 $ 420,475 $ 189,000 $ 385,858
15
Schedule 1
Page 3 of 5
CITY OF MOORPARK
COMBINING BALANCE SHEET
ALL SPECIAL REVENUE FUNDS
June 30, 1991
Tierra
Landscape Traffic Rejada/ Los Casey/ Los Angeles
and System Park Spring Angeles Gabbert Avenue Alter-
Lighting Management Maintenance Road AOC Avenue AOC Road AOC nate Route
Fund(23) Fund(24) Fund(25) Fund(26) Fund(27) Fund(28) AOC Fund(29)
ASSETS
Cash and investments $ 296,548 $ 51,236 $ 85,417 $ 286,575 $ 5,131,247 $ 5,852 $ 1,621,980
Accounts and interest receivable 13,496 1,000 11,656 5,859 80,167 - 24,023
Due from other funds - - - - 117,251 - -
$ 310,044 $ 52,236 $ 97,073 $ 292,434 $ 5,328,665 $ 5,852 $ 1,646,003
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable and accrued
liabilities $ 45,072 $ - $ 42,158 $ 2,660 $ 81,807 $ - $ -
Deferred revenue - - - -
Due to other funds - - - 117.251 -
-
Total liabilities 45,072 - 42,158 119,911 81,807 -
-
Fund balances:
Reserved for receivables due after one year - - - - - - -
Unreserved:
Designated - - - - - - -
Undesignated 264,972 52,236 54,915 172,523 5,246,858 5,852 1,646,003
Total fund balances(deficit) 264,972 52,236 54,915 172.523 5246,858 5,852 1,646,003
$ 310,044 $ 52,236 $ 97,073 $ 292,434 $ 5,328,665 $ 5,852 $ 1,646,003
16
Schedule 1
Page 4 of 5
CITY OF MOORPARK
COMBINING BALANCE SHEET
ALL SPECIAL REVENUE FUNDS
June 30, 1991
Senior 1986
Center Park Bond Community Crossing Municipal
Recreation Bond Act Act Development Guard Pool
Fund(33) Fund(35) Fund(38) Fund(41) Fund(43) Fund(45)
ASSETS
Cash and investments $ 22,971 $ - $ - $ 894,605 $ 90,953 $ 19,896
Accounts and interest receivable - - - 3,172 1,448 296
Due from other funds - - - - - -
$ 22,971 $ - $ - $ 897,777 $ 92,401 $ 20,192
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable and accrued
liabilities $ 5,198 $ - $ - $ 63,537 $ - $ -
Deferred revenue 24,075 - - - - -
Due to other funds - 16,440 1,603 - - -
Total liabilities 29,273 16,440 1,603 63,537 - -
Fund balances:
Reserved for receivable due after one year - - - - - -
Unrese.ved:
Designated - - - - - -
Undesignated (6,302) (16,440) (1,603) 834,240 92,401 20.192
Total fund balances(deficit) (6,302) (16,440) (1,603) 834,240 92,401 20,192
$ 22,971 $ - $ - $ 897,777 $ 92,401 $ 20,192
17
Schedule 1
Page 5 of 5
CITY OF MOORPARK
COMBINING BALANCE SHEET
ALL SPECIAL REVENUE FUNDS
June 30, 1991
Art in Bicycle
Public and Solid
Places Equestrian Waste Totals
Fund(46) Fund(47) Fund(58) June 30, 1991 June 30, 1990
ASSETS
Cash and investments $ 41,077 $ 22,845 $ 3,379 $ 17,511,074 $ 15,129,995
Accounts and interest receivable - 339 - 666,819 388,758
Due from other funds - - 133,691 141,464
$ 41,077 $ 23,184 $ 3,379 $ 18,311,584 $ 15,660,217
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable and accrued
liabilities $ - $ - $ 3,379 $ 579,555 $ 639,066
Deferred revenue - - - 1,169,275 -
Due to other funds - - - 135,294 282,457
Total liabilities - - 3,379 1,884,124 921,523
Fund balances:
Reserved for receivables due after one year - - - 150,000 -
Unreserved:
Designated - - - 985,000 985,000
Undesignated 41,077 23,184 - _ 15,292,460 13,753,694
Total fund balances(deficit) 41,077 23,184 - 16,427,460 14,738,694
$ 41,077 $ 23,184 $ 3,379 $ 18,311,584 $ 15,660,217
18
Sc e 2
Page 1 of 7
CITY OF MOORPARK
COMBINING STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES
ALL SPECIAL REVENUE FUNDS
Year ended June 30, 1991
Local
Traffic State Park Community Transportation
Safety Gas Tax Development Center Streets
Fund(02) Fund(03) Fund(05) Fund(07) Fund(11)
Revenues:
Other taxes $ - $ 404,066 $ - $ - $ -
Building and safety fees - - - - -
Maintenance assessments - - 8,822 - 1,670
Subventions and grants - - - - 586,524
Planning and public works fees - - - - -
Park development fees - - - - -
Charges for current services - - 37,636 17,557 -
Fines and forfeitures 115,242 - - - -
Interest 25,497 181,050 368,561 942 28,213
Miscellaneous - - - - -
Totai revenues 140,739 585,116 415,019 18,499 616,407
Expenditures:
Current:
General government - - - - -
Public safety 57,385 - - - -
Public services 92,358 - - - 261,629
Parks and recreation - - - - -
Capital outlay 13,880 - 130,150 - 218,552
Total expenditures 163,623 - 130,150 - 480,181
Excess(deficiency)of revenues
over expenditures (22,884) 585,116 284,869 18,499 136,226
Operating transfer from(to)other funds - - - (12,500) -
Excess(deficiency)of revenues and net
operating transfers over expenditures (22,884) 585,116 284,869 5,999 136,226
Fund balances(deficit),beginning of
year 308,482 1,862,405 3,537,560 927 147,248
Increase in fund balance reserved for
receivables due after one year - - - - -
Fund balances(deficit),end of year $ 285,598 $ 2,447,521 $ 3,822,429 $ 6,926 $ 283,474
19
Sc 3 2
Page 2 of 7
CITY OF MOORPARK
COMBINING STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES
ALL SPECIAL REVENUE FUNDS
Year ended June 30, 1991
Local State Federal Transportation
Transportation Transit Aid to Urban Development
Transit Assistance System Act(Article 3)
Fund(12) Fund(13) Fund(14) Fund(15)
Revenues:
Other taxes $ - $ - $ - $ -
Building and safety fees - - - -
Maintenance assessments - - - -
Subventions and grants 85,057 - - -
Planning and public works fees - - - -
Park development fees - - - -
Charges for current services - - - -
Fines and forfeitures - - - -
Interest 5,705 8,207 1,200 -
Miscellaneous 4,338 - - -
Total revenues 95,100 8,207 1,200 -
Expenditures:
Current:
General government - - - -
Public safety - - - -
Public services 86,045 - - -
Parks and recreation - - - -
Capital outlay - - - -
Total expenditures 86,045 - - -
Excess(deficiency)of revenues
over expenditures 9,055 8,207 1,200 -
Operating transfer from(to)other funds - - - -
Excess(deficiency)of revenues and net
operating transfers over expenditures 9,055 8,207 1,200 -
Fund balances(deficit),beginning of year 15,297 87,071 9,645 29,462
Increase in fund balance reserved for
receivables due after one year - - - -
Fund balances(deficit),end of year $ 24,352 $ 95,278 $ 10,845 $ 29,462
20
Scl :2
Pagv J of 7
CITY OF MOORPARK
COMBINING STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES
ALL SPECIAL REVENUE FUNDS
Year ended June 30, 1991
Citywide
CDBG Police Traffic Affordable Landscape and
Entitlement Facilities Fee Mitigation Housing Lighting
Fund(18) Fund(20) Fund(21) Fund(22) Fund(23)
Revenues:
Other taxes $ - $ - $ - $ - $ -
Building and safety fees - 4,161 - - -
Maintenance assessments - - 126,000 - 386,662
Subventions and grants 436,617 - - - -
Planning and public works fees - - - - -
Park development fees - - - - -
Charges for current services - - - - 5,070
Fines and forfeitures - - - - -
Interest - - - 21,227 -
Miscellaneous - - - 16,396 -
Total revenues 436,617 4,161 126,000 37,623 391,732
Expenditures:
Current:
General government - - - 54,385 -
Public safety - - - - -
Public services 182,347 - - - 346,487
Parks and recreation - - - - -
Capital outlay 254,270 - - _ - 76,056
Total expenditures 436,617 - - 54,385 422,543
Excess(deficiency)of revenues
over expenditures - 4,161 126,000 (16,762) (30,811)
Operating transfer from(to)other funds - - - 7,153
Excess(deficiency)of revenues and net
operating transfers over expenditures - 4,161 126,000 (16,762) (23,658)
Fund balances(deficit),beginning of year - 412,448 63,000 252,620 288,630
Increase in fund balance reserved for
receivables due after one year 100,000 - - 50,000 -
Fund balances(deficit),end of year $ 100,000 $ 416,609 $ 189,000 $ 285,858 $ 264,972
21
Sc e 2
Page 4 of 7
CITY OF MOORPARK
COMBINING STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES
ALL SPECIAL REVENUE FUNDS
Year ended June 30, 1991
Traffic Casey/
System Park Tierra Rejada/ Los Angeles Gabbert
Management Maintenance Spring Road Avenue AOC Road AOC
Fund(24) Fund(25) AOC Fund(26) Fund(27) Fund(28)
Revenues:
Other taxes $ - $ - $ - $ - $ -
Building and safety fees - - - - -
Maintenance assessments - 333,209 22,061 106,374 -
Subventions and grants - - - 100,744 -
Planning and public works fees - - - - -
Park development fees - - - - -
Charges for current services - - - - -
Fines and forfeitures - - - - -
Interest 5,976 - 30,866 478,841 -
Miscellaneous - 3,796 692 - -
Total revenues 5,976 337,005 53,619 685,959 -
Expenditures:
Current:
General government - - - - -
Public safety - - - - -
Public services - - - - -
Parks and recreation - 305,926 - - -
Capital outlay - - 12,706 820,537 -
Total expenditures - 305,926 12,706 820,537 -
Excess(deficiency)of revenues
over expenditures 5,976 31,079 40,913 (134,578) -
Operating transfer from(to)other funds - - - (7,153) -
Excess(deficiency)of revenues and net
operating transfers over expenditures 5,976 31,079 40,913 (141,731) -
Fund balan.es(deficit),beginning of year 46,260 23,836 131,610 5,388,589 5,852
Increase in fund balance reserved for
receivables due after one year - - - - -
Fund balances(deficit),end of year $ 52,236 $ 54,915 $ 172,523 $ 5,246,858 $ 5,852
22
Scl ,2
Page 5 of 7
CITY OF MOORPARK
COMBINING STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES
ALL SPECIAL REVENUE FUNDS
Year ended June 30, 1991
Los Angeles 1986
Avenue Senior Center Park Bond
Alternate Route Recreation Bond Act Act
AOC Fund(29) Fund(33) Fund(35) Fund(38)
Revenues:
Other taxes $ - $ - $ - $ -
Building and safety fees - - - -
Maintenance assessments - - - -
Subventions and grants - - - 8,980
Planning and public works fees - - - -
Park development fees - - - -
Charges for current services - 57,199 - -
Fines and forfeitures - - - -
Interest 143,493 - - -
Miscellaneous - - - -
Total revenues 143,493 57,199 - 8,980
Expenditures:
Current:
General government - - - -
Public safety - - - -
Public services - - - -
Parks and recreation - 80,654 - -
Capital outlay - - - 8,980
Total expenditures - 80,654 - 8,980
Excess(deficiency)of revenues
over expenditures 143,493 (23,455) - -
Operating transfer from(to)other funds - - - -
Excess(deficiency)of revenues and net
operating transfers over expenditures 143,493 (23,455) - -
Fund balances(deficit),beginning of year 1,502,510 17,153 (16,440) (1,603)
Increase in fund balance reserved for
receivables due after one year - - - -
Fund balances(deficit),end of year $ 1,646,003 $ (6,302) $ (16,440) $ (1,603)
23
Scl :2
Page o of 7
CITY OF MOORPARK
COMBINING STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES
ALL SPECIAL REVENUE FUNDS
Year ended June 30, 1991
Art
Community Crossing Municipal in Public Bicycle and
Development Guard Pool Places Equestrian
Fund(41) Fund(43) Fund(45) Fund(46) Fund(47)
Revenues:
Other taxes $ - $ - $ - $ - $ -
Building and safety fees - - - - -
Maintenance assessments - - - 11,900 -
Subventions and grants - - - - -
Planning and public works fees 1,123,386 - - - -
Park development fees - - - - -
Charges for current services - - - - -
Fines and forfeitures - - - - -
Interest - 8,648 1,767 - 2,024
Miscellaneous _427 - - - -
Total revenues 1,123,813 8,648 1,767 11,900 2,024
Expenditures:
Current:
General government - - - - -
Public safety - - - - -
Public services 736,594 6,487 - - -
Parks and recreation - - - - -
Capital outlay 32,731 737 - - -
Total expenditures 769,325 7,224 - - -
Excess(deficiency)of revenues
over expenditures 354,488 1,424 1,767 11,900 2,024
Operating transfer from(to)other funds - - - - -
Excess(deficiency)of revenues and net
operating transfers over expenditures 354,488 1,424 1,767 11,900 2,024
Fund balances(deficit),beginning of year 479,752 90,977 18,425 29,177 21,160
Increase in fund balance reserved for
receivables due after one year - - - - -
Fund balances(deficit),end of year $ 834,240 $ 92,401 $ 20,192 $ 41,077 $ 23,184
24
Sc e 2
Pagc i of 7
CITY OF MOORPARK
COMBINING STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES
ALL SPECIAL REVENUE FUNDS
Year ended June 30, 1991
Solid Totals
Waste Year ended Year ended
Fund(58) June 30, 1991 June 30. 1990
Revenues:
Other taxes $ - $ 404,066 $ 346,684
Building and safety fees - 4,161 27,997
Maintenance assessments - 996,698 1,109,988
Subventions and grants - 1,217,922 959,679
Planning and public works fees - 1,123,386 407,717
Park development fees - - 97,223
Charges for current services - 117,462 203,448
Fines and forfeitures - 115,242 103,681
Interest - 1,312,217 1,266,726
Miscellaneous 10,000 35,649 118,641
Total revenues 10,000 5,326,803 4,641,784
Expenditures:
Current:
General government - 54,385 17,345
Public safety - 57,385 -
Public services 50,226 1,762,173 1,411,319
Parks and recreation - 386,580 411,722
Capital outlay 4,482 1,573,081 1,528.912
Total expenditures 54,708 3,833,604 3.369.298
Excess(deficiency)of revenues
over expenditures (44,708) 1,493,199 1,272,486
Operating transfer from(to)other funds 58,067 45,567 (9.530)
Excess(deficiency)of revenues and net
operating transfers over expenditures 13,359 1,538,766 1,262,956
Fund balances(deficit),beginning of year (13,359) 14,738,694 13,475,738
Increase in fund balance reserved for
receivables due after one year - 150,000 -
Fund balances(deficit),end of year $ - $ 16,427,460 $ 14,738,694
25
3.
Page 1 of 12
CITY OF MOORPARK
COMBINING STATEMENT OF REVENUES AND EXPENDITURES-
BUDGET AND ACTUAL
ALL SPECIAL REVENUE FUNDS
Year ended June 30,1991
Traffic Safety Fund (02) State Gas Tax Fund(03) Park Development Fund (05)
Variance- Variance- Variance-
favorable favorable favorable
(unfavor- (unfavor- (unfavor-
Budget Actual able) Budget Actual able Budget Actual able
Revenues:
Other taxes $ - $ - $ - $ 349,600 $ 404,066 $ 54,466 $ - $ - $ -
Building and safety fees - - - - - - - - -
Maintenance assessments - - - - - - - 8,822 8,822
Subventions and grants - - - - - - - - -
Planning and public works - - - - - - - - -
Park development fees - - - - - - 95,000 - (95,000)
Charges for current
services - - - - - - 38,110 37,636 (474)
Fines and forfeitures 120,000 115,242 (4,758) - - - - - -
Interest 33,320 25,497 (7,823) 183,875 181,050 (2,825) 314,075 368,561 54,486
Miscellaneous - - - - - - - - -
Total revenues 153,320 140,739 (12,581) 533,475 585,116 51,641 447,185 415,019 (32,166)
Expenditures:
Current:
General government - - - - - - - - -
Public safety 62,888 57,385 5,503 - - - - - -
Public services 108,246 92,358 15,888 - - - - - -
Parks and recreation - - - - - - - - -
Capital outlay 22,747 13,880 8,867 - - - 1,783,927 _130,150 1,653,777
Total expendi-
tures 193,881 163,623 30,258 - - - 1,783,927 130,150 1,653,777
Excess(deficiency)of
revenues over
expenditures (40,561) (22,884) 17,677 533,475 585,116 51,641 (1,336,742) 284,869 1,621,611
Operating transfers from
(to)other funds,net - _ - - - - - - -
Excess(deficiency)of
revenues and net
operating transfers
over expenditures $ (40,561) $ (22,884) $ 17,677 $ 533,475 $ 585,116 $ 51,641 $ (1,336,742) $ 284,869 $ 1,621,611
26
ad 2
Page 2 of 12
CITY OF MOORPARK
COMBINING STATEMENT OF REVENUES AND EXPENDITURES-
BUDGET AND ACTUAL
ALL SPECIAL REVENUE FUNDS
Year ended June 30,1991
Local Transportation Local Transportation
Community Center Fund(07) Streets Fund(11) Transit Fund(12)
Variance- Variance- Variance-
favorable favorable favorable
(unfavor- (unfavor- (unfavor-
Budget Actual able . Budget Actual able Budget Actual able)
Revenues:
Other taxes $ - $ - $ - $ - $ - $ - $ - $ - $ -
Building and safety fees - - - - - - - - -
Maintenance assessments - - - - 1,670 1,670 - - -
Subventions and grants - - - 635,983 586,524 (49,459) 85,058 85,057 (1)
Planning and public works - - - - - - - - -
Park development fees - - - - - - - - -
Charges for current
services 12,500 17,557 5,057 - - - - - -
Fines and forfeitures - - - - - - - - -
Interest - 942 942 40,035 28,213 (11,822) - 5,705 5,705
Miscellaneous - - - - - - 4,338 4,338
Total revenues 12,500 18,499 5,999 676,018 616,407 (59,611) 85,058 95,100 10,042
Expenditures:
Current:
General government - - - - - - - - -
Public safety - - - - - - - - -
Public services - - - 304,009 261,629 42,380 85,515 86,045 (530)
Parks and recreation - - - - - - - - -
Capital outlay - - - 816,170 218,552 597,618 - - -
Total expendi-
tures - - - 1,120,179 480,181 639,998 85,515 86,045 (530)
Excess(deficiency)of
revenues over
expenditures 12,500 18,499 5,999 (444,161) 136,226 580,387 (457) 9,055 9,512
Operating transfers from
(to)other funds,net (12,500) (12,500) - - - - - - -
Excess(deficiency)of
revenues and net
operating transfers
over expenditures $ - $ 5,999 $ 5,999 $ (444,161) $ 136,226 $ 580,387 $ (457) $ 9,055 $ 9,512
27
Scher
Page 3 of 12
CITY OF MOORPARK
COMBINING STATEMENT OF REVENUES AND EXPENDITURES-
BUDGET AND ACTUAL
ALL SPECIAL REVENUE FUNDS
Year ended June 30,1991
State Transit Federal Aid to Transportation Development
Assistance Fund(13) Urban Systems Fund(14) Act(Article 3)Fund(15)
Variance- Variance- Variance-
favorable favorable favorable
(unfavor- (unfavor- (unfavor-
Budget Actual able) Budget Actual able) Budget Actual ablel
Revenues:
Other taxes $ - $ - $ - $ - $ - $ - $ - $ - $ -
Building and safety fees - - - - - - - - -
Maintenance assessments - - - - - - - - -
Subventions and grants - - - - - - 45,200 - (45,200)
Planning and public works - - - - - - - - -
Park development fees - - - - - - -
Charges for current
services - - - - - - - -
Fines and forfeitures - - - - - - - - -
Interest - 8,207 8,207 - 1,200 1,200 - - -
Miscellaneous - - - - - - - -
Total revenues - 8,207 8,207 - 1,200 1,200 45,200 - (45,200)
Expenditures:
Current:
General government - - - - - - - - -
Public safety - - - - - - - - -
Public services - - - - - _ - - -
Parks and recreation - - - - - - - - -
Capitaloutlay 45,200 - 45,200
Total expendi-
tures 45,200 - 45,200
Excess(deficiency)of
revenues over
expenditures - 8,207 8,207 - 1,200 1,200 - - -
Operating transfers from
(to)other funds,net - - - - - - - - -
Excess(deficiency)of
revenues and net
operating transfers
over expenditures $ - $ 8,207 $ 8,207 $ - $ 1,200 $ 1,200 $ - $ - $ -
28
Schei
Page 4__ __
CITY OF MOORPARK
COMBINING STATEMENT OF REVENUES AND EXPENDITURES-
BUDGET AND ACTUAL
ALL SPECIAL REVENUE FUNDS
Year ended June 30, 1991
Community Development
Block Grants to
Small Cities Fund(17) CDBG Entitlement Fund(18) Police Facilities Fee Fund(20)
Variance- Variance- Variance-
favorable favorable favorable
(unfavor- (unfavor- (unfavor-
Budget Actual able Budget Actual able Budget Actualable
Revenues:
Other taxes $ - $ - $ - $ - $ - $ - $ - $ - $ -
Building and safety fees - - - - - - 20,000 4,161 (15,839)
Maintenance assessments - - - - - - - - -
Subventions and grants 3,000 - (3,000) 392,112 436,617 44,505 - - -
Planning and public works - - - - - - - - -
Park development fees - - - - - - - - -
Charges for current
services - - - - - - - - -
Fines and forfeitures - - - - - - - - -
Interest - - - - - - - - -
Miscellaneous - _ - - - - - - - -
Total revenues 3,000 - (3,000) 392,112 436,617 44,505 20,000 4,161 (15,839)
Expenditures:
Current:
General government 3,000 - 3,000 19,080 - 19,080 - - -
Public safety - - - - - - - - -
Public services - - - 146,980 182,347 (35,367) - - -
Parks and recreation - - - - - - - - -
Capital outlay - - - 526,622 254,270 272,352 - - -
Total expendi-
tures 3,000 - 3,000 692,682 436,617 256,065 - - -
Excess(deficiency)of
revenues over
expenditures - - - (300,570) - 300,570 20,000 4,161 (15,839)
Operating transfers from
(to)other funds,net _- - - - - - - - -
Excess(deficiency)of
revenues and net
operating transfers
over expenditures $ - $ - $ - $ (300,570) $ - $ 300,570 $ 20,000 $ 4,161 $ (15,839)
29
Schc 1
Page J ui12
CITY OF MOORPARK
COMBINING STATEMENT OF REVENUES AND EXPENDITURES-
BUDGET AND ACTUAL
ALL SPECIAL REVENUE FUNDS
Year ended June 30, 1991
Landscape and
Citywide Traffic Mitigation Fund(21) Affordable Housing Fund(22) Lighting Fund(23)
Variance- Variance- Variance-
favorable favorable favorable
(unfavor- (unfavor- (unfavor-
Budget Actual able Budget Actual al_.. )___ BudgetActual able)
Revenues:
Other taxes $ - $ - $ - $ - $ - $ - $ - $ - $ -
Building and safety fees - - - - - - - - -
Maintenance assessments 387,000 126,000 (261,000) 201,000 - (201,000) 364,350 386,662 22,312
Subventions and grants - - - - - - - - -
Planning and public works - - - - - - - - -
Park development fees - - - - - - - - -
Charges for current
services - - - - - - 3,000 5,070 2,070
Fines and forfeitures - - - - - - - - -
Interest 18,000 - (18,000) 8,040 21,227 13,187 - - -
Miscellaneous - - - - 16.396 16.396 - - -
Total revenues 405,000 126,000 (279,000) 209,040 37,623 (171,417) 367,350 391,732 24,382
Expenditures:
Current:
General government - - - 56,000 54,385 1,615 - - -
Public safety - - - - - - - - -
Public services - - - - - - 376,145 346,487 29,658
Parks and recreation - - - - - - - - -
Capital o'rtlay - - - - - - 176.093 76.056 100.037
Total expendi-
tures - - - 56,000 54,385 1,615 552.238 422,543 129,695
Excess(deficiency)of
revenues over
expenditures 405,000 126,000 (279,000) 153,040 (16,762) (169,802) (184,888) (30,811) 154,077
Operating transfers from
(to)other funds,net - - - - - - - 7.153 7.153
Excess(defi'iency)of
revenues and net
operating transfers
over expenditures $ 405,000 $ 126,000 $ (279,000) $ 153,040 $ (16,762) $ (169,802) $ (184,888) $ (23,658) $ 161,230
30
Scl 3
Page 6 of 12
CITY OF MOORPARK
COMBINING STATEMENT OF REVENUES AND EXPENDITURES-
BUDGET AND ACTUAL
ALL SPECIAL REVENUE FUNDS
Year ended June 30,1991
Tierra Rejada/Spring
Traffic System Management Fund(24) Park Maintenance Fund(25) Road AOC Fund(26)
Variance- Variance- Variance-
favorable favorable favorable
(unfavor- (unfavor- (unfavor-
Budget Actual able BudgetActual able) Budget Actual able
Revenues:
Other taxes $ - $ - $ - $ - $ - $ - $ - $ - $ -
Building and safety fees - - - - - - - - -
Maintenance assessments 57,000 - (57,000) 298,600 333,209 34,609 355,300 22,061 (333,239)
Subventions and grants - - - - - - - - -
Planning and public works - - - - - - - - -
Park development fees - - - - - - - - -
Charges for current
services - - - - - - - - -
Fines and forfeitures - - - - - - - - -
Interest 2,280 5,976 3,696 - - - 8,000 30,866 22,866
Miscellaneous - - - - 3.796 3.796 - 692 692
Total revenues 59,280 5,976 (53,304) 298,600 337,005 38,405 363,300 53,619 (309,681)
Expenditures:
Current:
General government - - - - - - - - -
Public safety - - - - - - - - -
Public services - - - - - - - - -
Parks and recreation - - - 297,955 305,926 (7,971) - - -
Capital outlay - - - - - - 154,000 12,706 141.294
Total expendi-
tures - - - 297,955 _ 305,926 (7,971) 154,000 12,706 141,294
Excess(deficiency)of
revenues over
expenditures 59,280 5,976 (53,304) 645 31,079 30,434 209,300 40,913 (168,387)
Operating transfers from
(to)other funds,net - - - - - - - -
Excess(deficiency)of
revenues and net
operating transfers
over expenditures $ 59,280 $ 5,976 $ (53,304) $ 645 $ 31,079 $ 30,434 $ 209,300 $ 40,913 $ (168,387)
31
Schf 3
Page'i or i2
CITY OF MOORPARK
COMBINING STATEMENT OF REVENUES AND EXPENDITURES-
BUDGET AND ACTUAL
ALL SPECIAL REVENUE FUNDS
Year ended June 30,1991
Los Angeles Avenue
Los Angeles Avenue AOC Fund(27) Casey/Gabbert Road AOC Fund(28) Alternate Route AOC Fund(29)
Variance- Variance- Variance-
favorable favorable favorable
(unfavor- (unfavor- (unfavor-
Budget Actual able Budget Actual able) BudgetActual able
Revenues:
Other taxes $ - $ - $ - $ - $ - $ - $ - $ - $ -
Building and safety fees - - - - - - - - -
Maintenance assessments 74,844 106,374 31,530 65,760 - (65,760) - - -
Subventions and grants - 100,744 100,744 - - - - - -
Planning and public works - - - - - - - - -
Park development fees - - - - - - - - -
Charges for current
services - - - - - - - - -
Fines and forfeitures - - - - - - - - -
Interest 547,060 478,841 (68,219) 2,192 - (2,192) 127,330 143,493 16,163
Miscellaneous - - - - - - - - -
Total revenues 621,904 685,959 64,055 67,952 - (67,952) 127,330 143,493 16,163
Expenditures:
Current:
General government - - - - - - - - -
Public safety - - - - - - - - -
Public services - - - - - - - - -
Parks and recreation - - - - - - - - -
Capital outlay 1,602,100 820,537 781563 - - - - - -
Total expendi-
tures 1,602,100 820.537 781.563 - - - - - -
Excess(deficiency)of
revenues over
expenditures (980,196) (134,578) 845,618 67,952 - (67,952) 127,330 143,493 16,163
Operating transfers from
(to)other funds,net - (7.153) (7,153) - - - - - -
Excess(deficiency)of
revenues and net
operating transfers
over expenditures $ (980,196) $ (141,731) $ 838,465 $ 67,952 $ - $ (67,952) $ 127,330 $ 143,493 $ 16,163
32
Schf t
Page is of 12
CITY OF MOORPARK
COMBINING STATEMENT OF REVENUES AND EXPENDITURES-
BUDGET AND ACTUAL
ALL SPECIAL REVENUE FUNDS
Year ended June 30,1991
Recreation Fund(33) Senior Center Bond Act Fund(35L Land Conservation Act Fund(36)
Variance- Variance- Variance-
favorable favorable favorable
(unfavor- (unfavor- (unfavor-
Budget Actual able Budget Actual able Budget Actual able
Revenues:
Other taxes $ - $ - $ - $ - $ - $ - $ - $ - $ -
Building and safety fees - - - - - - - - -
Maintenance assessments - - - - - - - - -
Subventions and grants - - - 125,000 - (125,000) 68,000 - (68,000)
Planning and public works - - - - - - - - -
Park development fees - - - - - - - - -
Charges for current
services 150,000 57,199 (92,801) - - - - - -
Fines and forfeitures - - - - - - - - -
Interest - - - - - - - - -
Miscellaneous - - - - - - - - -
Total revenues 150,000 57,199 (92,801) 125,000 - (125,000) 68,000 - (68,000)
Expenditures:
Current:
General government - - - - - - - - -
Public safety - - - - - - - - -
Public services - - - - - - - - -
Parks and recreation 103,200 80,654 22,546 - - - - - -
Capital outlay 3,828 - 3,828 - - - - - -
Total expendi-
tures 107,028 80,654 26,374 - - - -_ - - -
Excess(deficiency)of
revenues over
expenditures 42,972 (23,455) (66,427) 125,000 - (125,000) 68,000 - (68,000)
Operating transfers from
(to)other funds,net 18.299 - (18.299) - - - - - -
Excess(deficiency)of
revenues and net
operating transfers
over expenditures $ 61,271 $ (23,455) $ (84,726) $ 125,000 $ - $ (125,000) $ 68,000 $ - $ (68,000)
33
Schedul
Page 9 of tz
CITY OF MOORPARK
COMBINING STATEMENT OF REVENUES AND EXPENDITURES-
BUDGET AND ACTUAL
ALL SPECIAL REVENUE FUNDS
Year ended June 30,1991
1984 Park Bond Act Fund(37) 1986 Park Bond Act Fund(38) Community Development Fund (41)
Variance- Variance- Variance-
favorable favorable favorable
(unfavor- (unfavor- (unfavor-
Budget Actual able) Budget Actual able) BudgetActual able)
Revenues:
Other taxes $ - $ - $ - $ - $ - $ - $ - $ - $ -
Building and safety fees - - - - - - 500,000 - (500,000)
Maintenance assessments - - - - - - - - -
Subventions and grants 6,600 - (6,600) 8,980 8,980 - - - -
Planning and public works - - - - - - 287,960 1,123,386 835,426
Park development fees - - - - - - - - -
Charges for current
services - - - - - - - - -
Fines and forfeitures - - - - - - - - -
Interest - - - - - - - - -
Miscellaneous - - - - - - - 427 427
Total revenues 6,600 - (6,600) 8,980 8,980 - 787,960 1,123,813 335,853
Expenditures:
Current:
General government - - - - - - - - -
Public safety - - - - - - - - -
Public services - - - - - - 1,171,106 736,594 434,512
Parks and recreation - - - - - - - - -
Capital outlay - - - 7,980 8.980 (1.000) 38.600 32.731 5.869
Total expendi-
tures - - - 7.980 8,980 (1,000) 1,209,706 769,325 440,381
Excess(deficiency)of
revenues over
expenditures 6,600 - (6,600) 1,000 - (1,000) (421,746) 354,488 776,234
Operating transfers from
(to)other funds,net - - - - - _ - - - -
Excess(deficiency)of
revenues and net
operating transfers
over expenditures $ 6,600 $ - $ (6,600) $ 1,000 $ - $ (1,000) $ (421,746) $ 354,488 $ 776,234
34
Schf I
Page lO or 12
CITY OF MOORPARK
COMBINING STATEMENT OF REVENUES AND EXPENDITURES-
BUDGET AND ACTUAL
ALL SPECIAL REVENUE FUNDS
Year ended June 30,1991
Crossing Guard Fund(43) Municipal Pool Fund(45) Art in Public Places Fund(46)
Variance- Variance- Variance-
favorable favorable favorable
(unfavor- (unfavor- (unfavor-
Budget Actual able Budget Actual _ahl_eL Budgetctual able)
Revenues:
Other taxes $ - $ - $ - $ - $ - $ - $ - $ - $ -
Building and safety fees - - - - - - - - -
Maintenance assessments - - - - - - 38,000 11,900 (26,100)
Subventions and grants - - - - - - - - -
Planning and public works - - - - - - - - -
Park development fees - - - - - - - - -
Charges for current
services - - - - - - - - -
Fines and forfeitures - - - - - - - - -
Interest 10,455 8,648 (1,807) 1,200 1,767 567 698 - (698)
Miscellaneous - - - - - - - - -
1'otal revenues 10,455 8,648 (1,807) 1,200 1,767 567 38,698 11,900 (26,798)
Expenditures:
Current:
General government - - - - - - - - -
Public safety - - - - - - - - -
Public services 10,445 6,487 3,958 - - - - - -
Parks and recreation - - - - - - - - -
Capital outlay 1.628 737 891 - - - - - -
Total expendi-
tures 12,073 7,224 4,849 - - - - - -
Excess(deficiency)of
revenues over
expenditures (1,618) 1,424 (3,042) 1,200 1,767 567 38,698 11,900 (26,798)
Operating transfers from
(to)other funds,net - - - - - - - - -
Excess(deficiency)of
revenues and net
operating transfers
over expenditures $ (1,618) $ 1,424 $ 3,042 $ 1,200 $ 1,767 $ 567 $ 38,698 $ 11,900 $ (26,798)
35
Sche
Page 11 of 12
CITY OF MOORPARK
COMBINING STATEMENT OF REVENUES AND EXPENDITURES-
BUDGET AND ACTUAL
ALL SPECIAL REVENUE FUNDS
Year ended June 30,1991
Bicycle and Equestrian Fund(47) Solid Waste Fund(58)
Variance- Variance-
favorable favorable
(unfavor- (unfavor-
Budget Actual able Budget Actual able
Revenues:
Other taxes $ - $ - $ - $ - $ - $ -
Building and safety fees - - - - - -
Maintenance assessments - - - - - -
Subventions and grants - - - - - -
Plannirg and public works - - - - - -
Park development fees - - - - - -
Charges for current
services - - - - - -
Fines and forfeitures - - - - - -
Utility franchise fees - - - 52,000 - (52,000)
Interest 2,125 2,024 (101) - - -
Miscellaneous - - - - 10.000 10,000
Total revenues 2,125 2,024 (101) 52,000 10,000 (42,000)
Expenditures:
Current:
General government - - - - - -
Public safety - - - - - -
Public services - - - 55,861 50,226 5,635
Parks and recreation - - - - - -
Capital outlay - - - 6,000 4,482 1,518
Total expendi-
tures - - - 61,861 54,708 7,153
Excess(deficiency)of
revenues over
expenditures 2,125 2,024 (101) (9,861) (44,708) (34,847)
Operating transfers from
(to)other funds,net - - - 62,445 58,067 (4,378)
Excess(deficiency)of
revenues and net
operating transfers
over expenditures $ - 2,125 $ 2,024 $ (101) $ 52,584 $ 13,359 $ (39,225)
36
Sce
Page 12 or iz
CITY OF MOORPARK
COMBINING STATEMENT OF REVENUES AND EXPENDITURES-
BUDGET AND ACTUAL
ALL SPECIAL REVENUE FUNDS
Year ended June 30,1991
Totals
Variance-
favorable
(unfavor-
Budget Actual able
Revenues:
Other taxes $ 349,600 $ 404,066 $ 54,466
Building and safety fees 520,000 4,161 (515,839)
Maintenance assessments 1,841,854 996,698 (845,156)
Subventions and grants 1,360,953 1,217,922 (143,031)
Planning and public works 296,940 1,123,386 826,446
Park development fees 95,000 - (95,000)
Charges for current
services 203,610 117,462 (86,148)
Fines and forfeitures 120,000 115,242 (4,758)
Utility Franchise Fees 52,000 - (52,000)
Interest 1,298,685 1,312,217 13,532
Miscellaneous - 35.649 35.649
Total revenues 6,138,642 5,326,803 (811,839)
Expenditures:
Current:
General government 78,080 54,385 23,695
Public safety 62,888 57,385 5,503
Public services 2,258,307 1,762,173 496,134
Parks and recreation 401,155 386,580 14,575
Capital outlay 5,184.895 1.573.081 3.611.814
Total expendi-
tures 7,985,325 3,833,604 4,151,721
Excess(deficiency)of
revenues over
expenditures (1,846,683) 1,493,199 3,339,882
Operating transfers from
(to)other funds,net 68,244 45.567 (22.677)
Excess(deficiency)of
revenues and net
operating transfers
over expenditures $ (1,778,439) $ 1,538,766 $ 3,317,205
37
Schedule 4
CITY OF MOORPARK
COMBINING BALANCE SHEET
ALL CAPITAL PROJECTS FUNDS
June 30,1991
City Hall Equipment Redevelopment Totals
Building Fund Replacement Fund Agency Fund June 30, 1991 June 30, 1990
ASSETS
Cash and investments $ 3,242 $ 5,326 $ 288,034 $ 296,602 $ 26,624
Accounts and interest receivable - 79 10,836 10,915 148
Due from other funds 782 - - 782 783
$ 4,024 $ 5,405 $ 298,870 $ 308,299 $ 27,555
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable and accrued
liabilities $ 429 $ - $ 8,903 $ 9,332 $ 17,835
Advances payable to General Fund - - 268,785 268,785 190,117
Total liabilities 429 - 277,688 278,117 207,952
Fund balances(deficit):
Reserved for contingency - - 263,388 263,388 -
Unreserved 3,595 5,405 (242,206) (233.206) (180,397)
Total fund balances 3,595 5,405 21.182 30,182 (180,397)
$ 4,024 $ 5,405 $ 298,870 $ 308,299 $ 27,555
38
Schedule 5
CITY OF MOORPARK
COMBINING STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES
ALL CAPITAL PROJECTS FUNDS
Year ended June 30, 1991
Totals
City Hall Equipment Redevelopment Year ended Year ended
Building Fund Replacement Fund Agency Fund June 30. 1991 June 30. 1990
Revenues:
Property taxes $ - $ - $ 263,388 $ 263,388 $ -
Interest - 472 10,095 10,567 756
Miscellaneous - - - - 219
Total revenues - 472 273,483 273,955 975
Expenditures:
Current:
General government - - 42,458 42,458 37,931
Public safety - - - - -
Public services - - 8,061 8,061 -
Parks and recreation - - - - -
Interest expense - - 15,669 15,669 20,117
Capital outlay 52,650 - - 52,650 -
Total expenditures 52.650 - 66,188 118,838 58.048
Excess(deficiency)of revenues over
expenditures (52,650) 472 207,295 155,117 (57,073)
Operating transfers from other funds 55,462 ' - - 55,462 -
Excess(deficiency)of revenues and net
operating transfers over expenditures 2,812 472 207,295 210,579 (57,073)
Fund balances(deficit),beginning of year 783 4,933 (186,113) (180,397) (123.324)
Fund balances(deficit),end of year $ 3,595 $ 5,405 $ 21,182 $ 30,182 $ (180,397)
39