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Home My WebLink AboutACFR 1990 0010141110110111 MOORPARK P.--00*04 "4;r yaw ANNUAL FINANCIAL REPORT Year Ended June 30, 1990 MOORPARK ANNUAL FINANCIAL REPORT June 30, 1990 TABLE OF CONTENTS Page Report of Independent Auditors 1 General Purpose Financial Statements at June 30, 1990 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, 1990 and for the year then ended: Special Revenue Funds: Combining Balance Sheet 1 15 Combining Statement of Revenues,Expenditures and Changes in Fund Balances 2 20 Combining Statement of Revenues and Expenditures-Budget and Actual 3 27 Capital Projects Funds: Combining Balance Sheet 4 39 Combining Statements of Revenues,Expenditures and Changes in Fund Balances 5 40 =� Ek v T&YOUNG ■ Warner Corporate Center ■ Phone: 818 703 4700 21300 Victory Boulevard #1000 Fax: 818 347 9235 Woodland Hills California 91167-2533 REPORT OF INDEPENDENT AUDITORS Honorable City Council Moorpark,California We have audited the accompanying general purpose financial statements of Moorpark(City) as of June 30, 1990,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 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 Moorpark at June 30, 1990 and the results of its operations for the year then ended in conformity with generally accepted accounting principles. As discussed in Note 1 to the general purpose financial statements, during the year ended June 30, 1990 the City determined the fair market values of certain real property and park land transferred from the County of Ventura and received from developers in prior years. Such property has been recorded as additions in the General Fixed Assets Account Group. Our audit was made for the purpose of forming an opinion on the general purpose financial statements taken as a whole. The combining and individual fund 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 Moorpark. 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 28 , 1991 f -1- MOORPARK COMBINED BALANCE SHEET ALL FUND TYPES AND ACCOUNT GROUP June 30, 1990 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. 1990 June 30. 1989 Cash and investments(Note 3) $ 4,176,315 $ 15,129,995 $ 26,624 $ 1,784,556 $ - $21,117,490 $ 19,537,989 Accounts and interest receivable 210,708 388,758 148 - - 599,614 725,679 Due from Redevelopment Agency 190,117 - - - - 190,117 85,000 Due from other funds(Note 1) 140,656 141,464 783 - - 282,903 242,823 Property and equipment(Notes 1 and 5): Land - - - - 6,838,062 6,838,062 - Buildings and structures - - - - 1,566,990 1,566,990 1,261,679 Improvements other than buildings - - - - 734,230 734,230 621,643 Office furniture and equipment - - - - 400,413 400,413 254,630 Other equipment - - - - 122.852 122.852 52.767 $ 4,717,796 $ 15,660,217 $ 27,555 $ 1,784,556 $ 9,662,547 $31,852,671 $ 22,782,210 LIABILITIES AND FUND EQUITIES Liabilities: Accounts payable and accrued liabilities,including compen- sated absences(Note 1) $ 465,483 $ 639,066 $ 17,835 $ 246,677 $ - $ 1,369,061 $ 1,660,026 Deposits,principally from developers(Note 1) - - - 1,537,879 - 1,537,879 2,091,584 Deferred revenue - - - - - - 14,399 Advances payable to General Fund - - 190,117 - - 190,117 85,000 Due to other funds(Note 1) 446 282.457 - - - 282.903 242,823 Total liabilities 465,929 921,523 207,952 1,784,556 3,379,960 4,093,832 Commitments and contingencies(Notes 7 and 9) Fund equities: Investment in general fixed assets - - - - 9,662,547 9,662,547 2,190,719 Fund balances: Reserved for advances to Redevelopment Agency 190,117 - - - - 190,117 85,000 Unreserved: Designated(Note 6) 617,641 985,000 - - - 1,602,641 1,751,173 Undesignated(deficit) 3.444309 13.753.694 ( 180.397) - - 17.017.406 14.661.486 Total fund balances/equities 4.251.867 14.738,694 ( 180.397) - 9.662.547 28,472,711 18.688.378 $ 4,717,796 $ 15,660,217 $ 27,555 $ 1,784,556 $ 9,662,547 $31,852,671 $ 22,782,210 See accompanying notes to general purpose financial statements. -2- MOORPARK COMBINED STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES ALL GOVERNMENTAL FUND TYPES Year ended June 30, 1990 Governmental Fund Types Totals (memorandum only) Special Capital General revenue projects Year ended Fund funds funds June 30. 1990 June 30.1989 Revenues: Property taxes $ 1,155,681 $ - $ - $ 1,155,681 $ 1,017,870 Sales taxes 903,496 - - 903,496 741,835 Other taxes 86,913 346,684 - 433,597 353,998 Motor vehicle license fees 876,994 - - 876,994 785,390 Utility franchise fees 225,928 - - 225,928 204,557 Street improvement fees - - - - 4,000 Building and safety fees - 27,997 - 27,997 400,266 Planning and public works fees 336,594 407,717 - 744,311 1,418,251 Subventions and grants - 959,679 - 959,679 557,788 Maintenance assessments - 1,109,988 - 1,109,988 1,445,016 Park development fees - 97,223 - 97,223 126,769 Charges for current services - 203,448 - 203,448 227,256 Fines and forfeitures 13,224 103,681 - 116,905 118,433 Interest 400,178 1,266,726 756 1,667,660 1,417,313 Miscellaneous 7.128 118.641 219 125.988 240,497 Total revenues 4,006,136 4,641,784 975 8,648,895 9,059,239 Expenditures: Current: General government 905,469 17,345 37,931 960,745 783,709 Public safety 1,621,378 - - 1,621,378 1,314,653 Public services 71,889 1,411,319 - 1,483,208 1,401,550 Parks and recreation 109,184 411,722 - 520,906 473,767 Interest - - 20,117 20,117 - Capital outlay 237.012 1.528.912 - 1.765.924 1.743.921 Total expenditures 2.944.932 3.369.298 58.048 6.372.278 5.717.600 Excess(deficiency)of revenues over expenditures 1,061,204 1,272,486 ( 57,073) 2,276,617 3,341,639 Operating transfers from(to)other funds,net 9.530 ( 9.530) - - - Excess(deficiency)of revenues and net operating transfers over expenditures 1,070,734 1,262,956 ( 57,073) 2,276,617 3,341,639 Fund balances(deficit),beginning of year 3,177,268 13,443,715 ( 123,324) 16,497,659 13,156,020 Prior period adjustment 3,865 32.023 - 35.888 - Fund balances(deficit),beginning of year as restated 3.181.133 13,475.738 ( 123.324) 16.533547 13.156.020 Fund balances(deficit),end of year $ 4,251,867 $ 14,738,694 $( 180,397) $ 18,810,164 $ 16,497,659 See accompanying notes to general purpose financial statements. -3- MOORPARK COMBINED STATEMENT OF REVENUES AND EXPENDITURES-BUDGET AND ACTUAL(NOTE 2) GENERAL AND SPECIAL REVENUE FUNDS Year ended June 30, 1990 General Fund Special revenue funds Totals(memorandum only) Variance- Variance- Variance- favorable favorable favorable (unfavor- (unfavor- (unfavor- Budget Actual able) Budget Actual able) Budget Actual able) Revenues: Property taxes $ 1,015,250 $ 1,155.681 $ 140,431 $ - $ - $ - $ 1,015,250 $ 1,155,681 $ 140,431 Sales taxes 785,000 903,496 118,496 - - - 785,000 903,496 118,496 Other taxes 65,942 86,913 20,971 328,968 346,684 17,716 394,910 433,597 38,687 Motor vehicle license fees 849,150 876,994 27,844 - - - 849,150 876,994 27,844 Utility franchise fees 197,760 225,928 28,168 - - - 197,760 225,928 28,168 Building and safety fees - - - 808,288 27,997 ( 780,291) 808,288 27,997 ( 780,291) Planning and public works fees - 336,594 336,594 603,800 407,717 ( 196,083) 603,800 744,311 140,511 Subventions and grants - - - 1,167,637 959,679 ( 207,958) 1,167,637 959,679 ( 207,958) Maintenance assessments - - - 1,022,525 1,109,988 87,463 1,022,525 1,109,988 87,463 Park development fees - - - 10,000 97,223 87,223 10,000 97,223 87,223 Charges for current services - - - 156,025 203,448 47,423 156,025 203,448 47,423 Fines and forfeitures 11,000 13,224 2,224 95,000 103,681 8,681 106,000 116,905 10,905 Interest 198,000 400,178 202,178 692,458 1,266,726 574,268 890,458 1,666,904 776,446 Miscellaneous 15.375 7.128 ( 8.247) 30.620 118.641 88.021 45.995 125.769 79.774 Total revenues 3,137,477 4,006,136 868,659 4,915,321 4,641,784 ( 273,537) 8,052,798 8,647,920 595,122 Expenditures: Current: General government 971,679 905,469 66,210 20,000 17,345 2,655 991,679 922,814 68,865 Public safety 1,644,051 1,621,378 22,673 - - - 1,644,051 1,621,378 22,673 Public services 77,423 71,889 5,534 2,184,664 1,411,319 773,345 2,262,087 1,483,208 778,879 Parks and recreation 159,187 109,184 50,003 384,526 411,722 ( 27,196) 543,713 520,906 22,807 Capital outlay 895.925 237.012 658.913 5.400.323 1.528.912 3.871.411 6.296.248 1.765.924 4.530.324 Total expendi- tures 3.748.265 2.944.932 803.333 7.989.513 3.369.298 4.620.215 11.737.778 6.314.230 5A23.5411 Excess(deficiency)of revenues over expenditures ( 610,788) 1,061,204 1,671,992 ( 3,074,192) 1,272,486 4,346,678 ( 3,684,980) 2,333,690 6,018,670 Operating transfers from (to)other funds,net ( 10.000) 9.530 19.530 ( 15.000) ( 9.530) 5.470 ( 25.000) - 25.000 Excess(deficiency)of revenues and net operating transfers over expenditures $( 620,788) $ 1,070,734 $ 1,691,522 $( 3,089,192) $ 1,262,956 $ 4,352,148 $( 3,709,980) $ 2,333,690 $ 6,043,670 See accompanying notes to general purpose financial statements. -4- MOORPA NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS June 30, 1990 1. Summary of significant accounting policies Reporting entity Moorpark(the City)accounts for its financial position and operations in The accompanying combined financial statements include all accounts of accordance with generally accepted accounting principles applicable to the City and the Redevelopment Agency of the City of Moorpark governmental units. Accordingly,the City uses several funds and an account (Redevelopment Agency), a separate legal entity, over which the City group described below. Council exercises significant oversight responsibility and authority. The Fund types and account group Redevelopment Agency is included based on its financial interdependency, the absence of authoritative independence of its officials and the significant 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 ability of the City Council to influence the Redevelopment Agency's operations of a specific governmental activity. The City maintains the operations and fiscal matters. following fund types and account group: Basis of accounting Governmental fund types, which include the General Fund, special Governmental fund types use a modified accrual basis of accounting. revenue funds and capital projects funds,are used to record the general Revenues are recognized when available and measurable. Revenues which operations of the City. are accrued include property taxes,sales taxes collected by the State on behalf Fiduciary fund type(Agency Fund),which is used to account for assets of the City prior to year end, certain other taxes and interest. Revenues held by the City as an agent for individuals, organizations and other funds. The Agency fund is custodial in nature(assets equal liabilities) which are not considered susceptible to accrual include motor vehicle license and does not involve measurement of operations. fees, certain other licenses and fees, fines, forfeitures and penalties. General Fixed Assets Account Group,which is used to account for Expenditures are recorded when the liability is incurred property and equipment purchased or received by the governmental fund types. Interfund transactions In the course of normal operations, transactions occur among various The combined financial statements include total columns which City funds. Operating transfers(recurring)are recorded by the receiving fund aggregate the financial statements of the various fund types and account as transfers-in and as an addition to fund balance. Such transfers are recorded group. The columns are designated"memorandum only"because the totals by the disbursing fund as transfers-out and a reduction of fund balance. are not comparable to a consolidation in that interfund transactions are not eliminated. -5- MOC ►RK NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS June 30, 1990 1. ,Summary of significant accounting policies(Cont'd,1 levied on both real and personal property as it exists on that date. Jnterfund transactions(Cont'd.) Secured property taxes are levied against real property and are due and Operating transfers during the year ended June 30, 1990 include the payable in two equal installments. The first installment is due on November following: Operating transfers to(from) 1 and becomes delinquent if not paid by December 10. The second Special Totals installment is due on February 1 and becomes delinquent if not paid by April General revenue (memorandum Fund funds only) 10. Unsecured personal property taxes are due on July 1 each year. These Operating transfers(to)from: taxes become delinquent if not paid by August 31. General Fund $ - $( 9,530) $( 9,530) Special revenue funds 9.530 - 9.530 The City records property tax revenues in the fiscal year to which they $ 9,530 $( 9,530) $ - relate rather than at the related lien date. Delinquent property taxes at year Due to/from accounts are primarily related to advances made by the end(June 30)are reserved to the extent they are deemed to be uncollectible General Fund to various special revenue funds and the Redevelopment within 60 days thereafter,if any. Agency. Advances to special revenue funds are current and will be repaid property and equipment from the receipt of grant funds and future revenues. Advances to the Acquisitions of property and equipment are recorded as expenditures in Redevelopment Agency are due on demand,or on June 30, 1994 if demand is governmental fund types at the time of purchase. These assets,when over not made, and accrue interest at the Local Agency Investment Fund rate $500 each, are capitalized at cost in the General Fixed Assets Account compounded monthly. These advances are fully reserved in the General Fund Group. Expenditures for infrastructure (roads, curbs, sidewalks, etc.) as the amount is not likely to be available to fmance current operations. normally are not capitalized as such assets are immovable and generally of Property taxes value only to the City. No depreciation is provided for assets capitalized in The duties of assessing and collecting property taxes are performed by the General Fixed Assets Account Group. the Ventura County Assessor and Tax Collector, respectively. The City During the year ended June 30, 1984,the County of Ventura transferred receives an allocation of property taxes collected by the County with respect certain real property to the City. In addition,the City has received park land to property located within the City limits. Tax levies cover the period from from the County of Ventura and from developers. The City obtained an July 1 to June 30 of each year. All tax liens attach annually on the first day appraisal of the land element of this real property and parkland during the in March preceding the fiscal year for which the taxes are levied. Taxes are -6- MOO RK NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS June 30, 1990 1. Summary of significant accounting policies(Cont'd.) The Council is authorized to make and has made appropriation Property and equipment(Cont'd.) adjustments to the budget during the year as deemed necessary. Such current fiscal year. As a result the City has recorded the property at its adjustments are included in the budget amounts in the accompanying estimated fair market value at the date received in the General Fixed Assets combined financial statements. Appropriations lapse at year end. Account Group at June 30, 1990. For the year ended June 30, 1990,actual expenditures exceeded budgeted Deposits amounts for certain special revenue funds follows: Deposits principally consist of amounts collected from developers for Transportation Development Act services to be rendered by the City,including engineering plan checks and (Article 3)Fund $ 72,047 Casey/Gabbert Road AOC Fund 117 inspections and planning review services. The City will recognize the Recreation Fund 30,223 appropriate amounts as revenue when the services are performed and the Senior Center Bond Act Fund 132,001 Solid Waste Fund 7,359 corresponding expenditures are incurred. Prior period adjustment The amounts in the Transportation Development Act and Senior Center The prior period adjustment relates to revenues earned in prior years Bond Act funds resulted from the expenditures related to unbudgeted from developers deposits. subventions and grant revenues. The Recreation Fund amount resulted from higher participation which also increased revenues,covering the increased 2. budgetary information expenditures. The Solid Waste Fund amount relates to expenditures expected The City Council adopts a formal budget at the beginning of the City's to be funded by future fee revenues. 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 Council 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. -7- MOO RK NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS June 30, 1990 3. Cash and investments o Category 2: -includes uninsured and unregistered investments for Cash and investments of the City are pooled for deposit and investment which the securities are held by the counterparty's trust department purposes.Interest earned on pooled investments is credited to the funds based or agent in the City's name. on each funds'average deposit balance. At June 30, 1990,the total cash and o Category 3 - includes uninsured and unregistered investments for investments balance comprised the following: which the securities are held by the counterparty or by its trust department or agent but not in the City's name. Carrying amount Cateeory Carrying Market 1 2 3 AMS31.111 Yalu Cash in banks-insured by FDIC $ 3,409,780 Cash on hand Cash in banks-collateralized with or in banks $ 139,780 $ - $1,841,528 $ 1,981,308 $ 1,981,308 securities held by an agent but not Certificases in the City's name 2,840,528 Uni eddSStat - 3,270,000 States 999,000 4,269,000 4,269,000 Other investments,at cost 14.867.182 Treasury bills 4.863.182 - - 4.863.182 4.861.750 $ 21,117,490 $8,272,962 $ - $2,840,528 11,113,490 11,112,058 Credit risk,carrying amount and market value of cash and investments Investment in State Cash and certificates of deposit are classified in three categories of credit Treasurers investment pool 10.004.000 10.004.000 risk as follows: $21,117,490 $21,116,058 o Category 1: - includes balances that are insured or collateralized Investments policy with securities held by the City or its agent in the City's name. The City temporarily invests its excess cash in instruments which are o Category 2:-includes balances that are collateralized with securities allowable under current legislation of the State of California(Government Code held by the pledging financial institution's trust department or agent in the City's name. Section 53600 et seq.). o Category 3 -includes balances that are uncollateralized,includingThe State Code permits investments in the following instruments: Cry o Securities of the U.S. Government or its agencies balances that are collateralized with securities held by the pledging o Small business administration loans financial institution's trust department or agent but not in the City's o Certificates of deposit(or time deposits)placed with commercial banks name. and/or savings and loan companies o Negotiable certificates of deposit Investments are classified in three categories of credit risk as follows: o Bankers' acceptances o Commercial paper o Category 1:-includes investments that are insured or registered or o Local Agency Investment Fund(State pool) for which the securities are held by the City or its agent in the o Repurchase agreements City's name. o Passbook savings accounts o Reverse repurchase agreements -8- MOO RK NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS June 30, 1990 4. Retirement plan Funding status and progress Plan description The amount shown below as the "pension benefit obligation" is a The City contributes to the California Public Employees Retirement System standardized measure of the present value of pension benefits,adjusted for the (PERS),an agent multiple-employer public employee retirement system that effects of projected salary increases and step-rate benefits,estimated to be acts as a common investment and administrative agent for participating payable in the future as a result of employee service to date. The measure is public entities within the State of California. The City's total covered intended to help users assess the funding status of the system on a going- payroll for employees participating in PERS for the year ended June 30, concern basis,assess progress made in accumulating sufficient assets to pay 1990 was $750,267. The City's total payroll for the year ended June 30, benefits when due and make comparisons among employers. The measure is 1990 was$951,686. the actuarial present value of credited projected benefits and is independent of All full-time City employees are eligible to participate in PERS. the funding method used to determine contributions to PERS. Benefits vest after five years of service. Employees who retire at or after age The pension benefit obligation was computed as part of an actuarial 50, with five years of credited service,are entitled to an annual retirement valuation performed as of June 30, 1989. Significant actuarial assumptions benefit,payable monthly for life, in an amount based on the three highest used in the valuation include(a)a rate of return on the investment of present years'salary that varies from 1.092%at age 50 to a maximum of 2.418%at and future assets of 8.5%per year compounded annually;(b)projected salary age 63 and over for each year of credited service. The system also provides increases of 5.5%per year compounded annually,attributable to inflation and death and survivor's benefits. These benefit provisions and all other across the board real salary increases;(c)additional projected salary increases requirements are established by State statute and City ordinance. of 1.5%per year,attributable to seniority/merit; and(d)no post retirement employee and employer contribution obligations benefit increases. 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 basis recommended by PERS actuaries and actuarial consultants and adopted by the PERS Board of Administration. -9- -0-1- %001 %OS'9 %99'9 IloitBd palano3 IsnuuB;o a8E1u0Dlad y se passaldxa •uopsaugo rgauaq uoisuad alp uonnquluoo laAoiduug alnduioa 01 pasn asogl se aures alp aiB luau1annbal uopngi.uuo3 pauitulalap %6S'L %68'£ %SZ'S Hoard palano3 Ientrue;o a8e1ua3lad E se passardxa Alleul3 ynE 941 arnduro3 of pasn suopdumsss leunl e3e lus3gru2!s aq j `uopE2Ijgo Ii;auaq uoisuad •IlolAed;o luaaiad lanai B SE passaidxa si 1503 IeuuOU JO SS33x3 1r1 SIOSSV !nor s,saXolduia ag1 g314M uI potpaur woo abs Luria alp;o uopB3!J1pour £L9`6Zti Oct 16S L9VOSL Harked palano3lynuud E grin Sggd •luatualpal mun matuAoldura;o ale?wag Allenuus pled alam Li9`Z£ Zi0`£Z SOP`6£ uope8ilgo lgauaq uoisuad 1!P Igauaq paraafold alp pun;mom g3igm untour5!anal ag1 sI aaAoldura us JO SS33x0 u1 SIaSSV 10;1503 IEuuou ata •panl33e Apsarp!as0g1 se Ilam se amen;atp uI paluBa aq %9V7P1 %IL'OZ! °,bS£'iZI uops81[go uoisuad ag1;o a8e1ua3lad of pal3adxa are legs slgauaq asoglluno33e 0211!saNelli poglaur woo lgauaq s se passardxa sujouaq papal-aid s sy •potpaur 1so3 pysr 135 Isuuou a85 1•11113 ag15asu Sligd lo;algal sats s1as5E 13N apeu1 UOpnquluo3 puy £18'9L 111`111 ISS`V8i uop58fgOIgauaquoisuad suraurannbaruopngi11uo3pauptnalapAI1sI1Ett13d 0£1`601 $ £ZI`V£I $ 9S6`£ZZ $ slgauaq.to; 501`6£ $ uopB8ilg0 lgauaq uoisuad;o ssa3xa ni glassy algsliBAB s7asss ION 9S6'£ZZ (9LVZ9Z$si an1EA 8861 6861 —oar IaI(pBtu)ISOD 15 slgauaq io;algeliene masse ram :sAtollo;SE pazgeurums si pus 1 SS`ti81 uope8ilgo lgauaq uoisuad 15101 £SS•S£ poison-uou pa3usug-l3Aoldtug 0661 'OE aunt papua dean vamp ag11o;algvliens si AI[)alp lo;uOpsuuojui L£1`1£ raison pa3usug-ladoldtng puall •paluasald XI llim algeliEne ale ss&wait Augur SE`algE[IEAE ale gulp £88`00I 581111153I1131111S3Aut pa1E30IIE Suipnl3ui suopnquluo3 aa.oldtna pareinum33d ;o s.ea,C vat Ii1un •anp uagm slgauaq Asd o1 glassy Iuaplijns 8upelnum33E :saaAoldura 1ua1m3 8P6'91 $ sujouaq 8uiniaiai uI apstu ssal8old alp JO uolleDlpul us 53448 uopeuuo;ut pual1 1a,C Iou saaIoldura parsuiutrar pus slgauaq uoileuuo;tri pual l Su[Ara3a1 Apualnt3 sausLDgauaq pus S331IIaH :uope2ilgo Igauaq uoisuad '(lloldsd paw/too magma;o%099•9)1so3 fsuuou;o 066`61$ :smollo;se sI 0661 `0£of papnpui uonnquluo3 ag1 '6861 `0£aunf;o se pauuollad uopsn[En Ispenpe Ie saaAoldtua ;Aro air o1 algE3udds uope8ilgo lgauaq uoisuad au, us g8noltp palndtuo3 swami-Inbar pauntualap A11silsnl3s glim a3usplo335 1p juoa)ssa1801d pus sn1515 8uipun3 ill °pato gym Z£S`ZOl$;o 0661 1OJ S2Idd o1 uopngilluo3 s,A1rp aJJ up,1uoo)mid Iuatuatpu •1 0661 'OE aun f S1AIMAIRIVIS'IVIOAIV II.3 3SOd2Ifld"Id2ILN1O OZ SII.LON 31 [1100V1 MOO] EtK NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS June 30, 1990 5. Property and equipment Oeficit fund balances A summary of changes in the General Fixed Assets Account Group for The following funds have deficit fund balances at June 30, 1990 in the the year ended June 30,1990 follows: amounts indicated: Balance, Balance, Special Revenue: June 30, June 30, Solid Waste Fund $ 13,359 1989 Additions Disposals 1990 Park Bond Act Fund 1,603 Senior Center Bond Act Fund 16,440 Land $ - $6,838,062(1) $ - $ 6,838,062 Redevelopment Agency 186,113 Buildings and structures 1,261,679 305,311 - 1,566,990 The General Fund makes advances to these special revenue funds Improvements other pending claim and receipt of grant funds and franchise revenues. than buildings 621,643 112,587 - 734,230 Office furniture The City has advanced funds to the Redevelopment Agency by paying and equipment 254,630 145,783 - 400,413 Other equipment 52,747 82,34 12,257 122,852 for services and start up expenditures incurred by the Redevelopment Agency. $ 2,190,719 $7,484,085 $ 12,257 $ 9,662,547 The Redevelopment Agency was in the development stages during 1990. However, several of the affected taxing entities have filed actions in the (1) This addition related to the appraisal obtained in the current year on land and paridand donated in prior years as discussed in Note 1. Ventura County Superior Court to invalidate the Redevelopment Plan. Tax 6. Fund balances increment revenues received in fiscal year 1991,if any,will be restricted in j)esignated fund balances use until the litigation is resolved. The Redevelopment Agency deficit is The City has designated$485,000 of a special revenue fund balance for expected to be funded with tax increment revenues received in future years. the future purchase of land. At June 30, 1990,these funds were held in an 7. Commitments and contingencies escrow account. The City has also designated$500,000 of a special revenue Commitments fund balance to be used for reimbursement to a third party for the cost of The City has contracted with the County of Ventura for various certain road improvements. Funds in excess of constitutional spending services,principally law enforcement. These contracts are cancellable by the limitations of$617,641 have been designated in the General Fund. The City or the County on May 31 of each year after thirty days'notice has been voters subsequently approved the use of these funds by the City. given, and are renegotiated annually. The aggregate of these and other various contractual commitments total approximately $1,573,000 for the year ending June 30, 1991. -11- MOOR K NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS June 30, 1990 7. Commitments and contingencies(Cont'd.) families with income not exceeding 50% of the County median income. Contingencies The units are available under this program for a thirty-year period. These There are certain legal actions pending against the City which bonds are secured by a letter of credit issued by Citibank, N.A., dated management considers incident to normal operations,some of which seek December 23, 1985. The program is administered by the Trustee, Security substantial monetary damages. In the opinion of management, after Pacific National Bank. consultation with counsel, the ultimate resolution of such actions is not The City Council,serving as the Industrial Development Authority of expected to have a significant effect on the financial position or the results of the City of Moorpark,issued$9,300,000 of Industrial Revenue Bonds during operations of the City. the year ended June 30, 1986. The bonds were issued to finance the development and construction of manufacturing facilities for the Kavlico 8. Residential mortgage and industrial revenue bonds Corporation. These bonds are secured by a stand-by letter of credit issued by The City sponsored a revenue bond program during the year ended June Security Pacific National Bank. Dai Ichi Kangyo Bank of California serves 30, 1985 under which$20,000,000 of Single Family Residential Mortgage as the Trustee for these bonds. Revenue Bonds were issued. The single family mortgage program is The bonds described above are not indebtedness of the City,and there designed to provide funds to acquire mortgage loans on single family exists no legal or moral obligation on the part of the City to make payments residences located in the City. These bonds are secured by a pledge of all on such bonds from any source other than the revenues and assets pledged loans receivable advanced from the bond proceeds by the Trustee, First therefor. The programs are completely administered by the Trustees without Interstate Bank of California,and are serviced from payments on the loans to any involvement by the City. Accordingly,these programs and the bonds the Trustee. issued thereunder have been excluded from the accompanying general purpose The City sponsored a revenue bond program during the year ended June financial statements. 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 fmanced 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 -12- MOO RK NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS June 30, 1990 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. -13- Z 0 F- F Q O k 4 z 0 E A Q Schedule 1 Page 1 of 5 MOORPARK COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS June 30, 1990 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(11) Fund(12) Fund(13) ASSETS Cash and investments $ 294,895 $ 1,814,243 $ 3,508,993 $ 75 $ 243,396 $ 21,887 $ 84,713 Accounts and interest receivable 37,675 48,162 43,833 927 4,324 353 2,358 Due from other funds - - 24.213 - - - - $ 332,570 $ 1,862,405 $ 3,577,039 $ 1,002 $ 247,720 $ 22,240 $ 87,071 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable and accrued liabilities $ 24,088 $ - $ 39,479 $ 75 $ 100,472 $ 6,943 $ - Deferred revenue - - - - - - - Due to other funds - - - - - - - Total liabilities 24,088 - 39,479 75 100,472 6,943 - Fund balances-unreserved: Designated - 500,000 485,000 - - - - Undesignated 308,482 1.362.405 3.052.560 927 147.248 15.297 87.071 Total fund balances(deficit) 308,482 1.862.405 3.537.560 927 147.248 15.297 87.071 $ 332,570 $ 1,862,405 $ 3,577,039 $ 1,002 $ 247,720 $ 22,240 $ 87,071 -15- Schedule I Page 2of5 MOORPARK COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS June 30, 1990 Federal Community Dev- Police Aid to Transportation elopment Block Tire Citywide Urban Development Grants to CDBG Facili- Traffic Aflbnlable Systems Act(Article 3) Small Cities Entitlement ties Fee Mitigation Housing Fund(14) Fund(15) Fund(17) Fund(18) Fund(201 Fund (21) Fund(22) ASSETS Cash and investments $ 32,166 $ 41,625 $ - $ - $ 434,597 $ 63,000 $ 259,274 Accounts and interest receivable 1,216 - - 9,310 - - 500 Due from other funds - - - - - - - $ 33,382 $ 41,625 $ - $ 9,310 $ 434,597 $ 63,000 $ 259,774 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable and accrued liabilities $ 23,737 $ - $ - $ 9,310 $ 22,149 $ - $ 7,154 Deferred revenue - - - - - - - Due to other funds - 12,163 - - - - - Total liabilities 23,737 12,163 - 9,310 22,149 - 7,154 Fund balances-unreserved: Designated - - Undesignated 9.645 29.462 - - 412.448 63,000 252.620 Total fund balances(deficit) 9.645 29.462 - - 412.448 63.000 252,620 $ 33,382 $ 41,625 $ - $ 9,310 $ 434,597 $ 63,000 $ 259,774 -16- Schedule 1 Page 3 of 5 MOORPARK COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS June 30, 1990 Tierra Landscape Traffic Rejada/ Los Casey/ Los Angeles and System Park Spring Angeles Gabbert Avenue Alter- Lighting Management Maintenance Road AOC Avenue AOC Road nate Route Fund(23) Fund(24) Fund(25) Fund(26) Fund(27) Fund(28) Fund(29) ASSETS Cash and investments $ 361,074 $ 45,941 $ 82,886 $ 362,739 $ 5,230,913 $ 5,852 $ 1,481,294 Accounts and interest receivable 998 319 11,078 1,519 73,119 - 21,216 Due from other funds - - - - 117.251 - - $ 362,072 $ 46,260 $ 93,964 $ 364,258 $ 5,421,283 $ 5,852 $ 1,502,510 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable and accrued liabilities $ 73,442 $ - $ 70,128 $ 115,397 $ 32,694 $ - $ - Deferred revenue - - - - - - - Due to other funds - - - 117.251 - - - Total liabilities 73,442 - 70,128 232,648 32,694 - - Fund balances-unreserved: Designated - - - - - - - Undesignated 288.630 46.260 23.836 131.610 5.388.589 5.852 1.502.510 Total fund balances(deficit) 288.630 46,260 23.836 131.610 5.388.589 5.852 1.502.510 $ 362,072 $ 46,260 $ 93,964 $ 364,258 $ 5,421,283 $ 5,852 $ 1,502,510 -17- Schedule 1 Page 4 of 5 MOORPARK COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS June 30, 1990 Senior Center 1984 Bond Park Bond Community Crossing Recreation Bond Act Act Tax Act Development Guani Fund(33) Fund(35) Fund(37) Fund(38) Fund(41) Fund(43) ASSETS Cash and investments $ 23,864 $ - $ - $ - $ 585,735 $ 89,891 Accounts and interest receivable 1,012 129,000 - - 135 1,243 Due from other funds - - - - - - $ 24,876 $ 129,000 $ - $ - $ 585,870 $ 91,134 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable and accrued liabilities $ 7,723 $ - $ - $ - $ 106,118 $ 157 Deferred revenue - - - - - - Due to other funds - 145.440 - 1.603 - - Total liabilities 7,723 145,440 - 1,603 106,118 157 Fund balances-unreserved: Designated - - - - - - Undesignated 17.153 (16.440) - (1.603) 479.752 90.977 Total fund balances(deficit) 17.153 (16.440) - (1.603) 479.752 90.977 $ 24,876 $ 129,000 $ - $ - $ 585,870 $ 91,134 -18- Sche1 dule Page 5 of 5 MOORPARK COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS June 30, 1990 Art in Bicycle Municipal Public and Solid Pool Places Equestrian Waste Totals Fund(45) Fund(46) Fund(47) Fund(58) June 30. 1990 June 30. 1989 ASSETS Cash and investments $ 18,236 $ 29,177 $ 20,888 $ (7,359) $ 15,129,995 $ 13,880,734 Accounts and interest receivable 189 - 272 - 388,758 506,274 Due from other funds - - 141.464 133.957 $ 18,425 $ 29,177 $ 21,160 $ (7,359) $ 15,660,217 $ 14,520,965 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable and accrued liabilities $ - $ - $ - $ - $ 639,066 820,028 Deferred revenue - - - - - 14,399 Due to other funds - - - 6.000 282.457 242.823 Total liabilities - - - 6,000 921,523 1,077,250 Fund balances-unreserved: Designated - - - - 985,000 985,000 Undesignated 18.425 29.177 21.160 (13.359) 13.753.694 12.458.715 Total fund balances(deficit) 18.425 29.177 21.160 (13.359) 14.738.694 13.443.715 $ 18,425 $ 29,177 $ 21,160 $ (7,359) $ 15,660,217 $ 14,520,965 -19- Schedule 2 Page 1 of 7 MOORPARK COMBINING STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES ALL SPECIAL REVENUE FUNDS Year ended June 30, 1990 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 $ - $ 346,684 $ - $ .. $ - Street improvement fees - - - - - Building and safety fees - - - - - Maintenance assessments - - - - - Subventions and grants - - - - 389,775 Planning and public works fees - - - - - Park development fees - - 97,223 - - Charges for current services - - 23,787 19,698 - Fines and forfeitures 103,681 - - - - Interest 28,352 153,395 316,044 633 34,298 Miscellaneous - - 29.183 - - Total revenues 132,033 500,079 466,237 20,331 424,073 Expenditures: Current: General government - - - - - Public safety - - - - - Public services 82,725 - - - 184,962 Parks and recreation - - - - - Capital outlay 38.685 576 154.945 - 332.586 Total expenditures 121.410 576 154.945 - 517.548 Excess(deficiency)of revenues over expenditures 10,623 499,503 311,292 20,331 ( 93,475) Operating transfer from(to)other funds - - 421 ( 19.404) _ _ - Excess(deficiency)of revenues and net operating transfers over expenditures 10,623 499,503 311,713 927 ( 93,475) Fund balances(deficit),beginning of year 297,859 1,362,902 3,187,407 - 238,156 Prior period adjustment - - 38.440 - 2.567 Fund balances(deficit),beginning of year as restated 297,859 1.362.902 3,225.847 - 240.723 Fund balances(deficit),end of year $ 308,482 $ 1,862,405 $ 3,537,560 $ 927 $ 147,248 -20- Schedule 2 Page 2 of 7 MOORPARK COMBINING STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES ALL SPECIAL REVENUE FUNDS Year ended June 30, 1990 Community Local State Federal Transportation Development Block Transportation Transit Aid to Urban Development Grants to Transit Assistance System Act(Article 3) Small Cities Fund(12) Fund(13) Fund(14) Fund(15) Fund(171 Revenues: Other taxes $ - $ - $ - $ - $ - Street improvement fees - - - - - Building and safety fees - - - - - Maintenance assessments - - - - - Subventions and grants 65,000 1,256 237,370 107,007 14,361 Planning and public works fees - - - - - Park development fees - - - - - Charges for current services - - - - - Fines and forfeitures - - - - - Interest 4,819 8,740 9,645 - - Miscellaneous 17.730 - - - - Total revenues 87,549 9,996 247,015 107,007 14,361 Expenditures: Current: General government - - - - - Public safety - - - - - Public services 83,005 - - - 14,361 Parks and recreation - - - - - • Capital outlay 1.400 - 237.370 72.047 - Total expenditures 84,405 - 237.370 72.047 14.361 Excess(deficiency)of revenues over expenditures 3,144 9,996 9,645 34,960 - Operating transfer from(to)other funds - - - - - Excess(deficiency)of revenues and net operating transfers over expenditures 3,144 9,996 9,645 34,960 - Fund balances(deficit),beginning of year 12,153 77,075 - (5,498) - Prior period adjustment - - - - - Fund balances(deficit),beginning of year as restated 12,153 77,075 - ( 5.498) - Fund balances(deficit),end of year $ 15,297 $ 87,071 $ 9,645 $ 29,462 $ - -21- Schedule 2 Page 3 of 7 MOORPARK COMBINING STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES ALL SPECIAL REVENUE FUNDS Year ended June 30,1990 Citywide CDBG Police and-Fire- Traffic Affordable Landscape and Entitlement Facilities Fee Mitigation Housing Lighting Fund(18) Fund(20) Fund(21) fund(22) Fund(23) Revenues: Other taxes $ - $ - $ - $ - $ - Street improvement fees - - - - - Building and safety fees - 27,997 - - - Maintenance assessments - - 63,000 256,000 326,955 Subventions and grants 9,310 - - - - Planning and public works fees - - - - - Park development fees - - - - - Charges for current services - - - - - Fines and forfeitures - - - - - Interest - - - 3,965 - Miscellaneous - - - - 4,999 Total revenues 9,310 27,997 63,000 259,965 331,954 Expenditures: Current: General government - - - 7,345 - Public safety - - - - - Public services 9,310 - - - 271,578 Parks and recreation - - - - - Capital outlay - - - - 6.156 Total expenditures 9.310 - - 7.345 277.734 Excess(deficiency)of revenues over expenditures - 27,997 63,000 252,620 54,220 Operating transfer from(to)other funds - - - - - Excess(deficiency)of revenues and net operating transfers over expenditures - 27,997 63,000 252,620 54,220 Fund balances(deficit),beginning of year - 384,451 - - 234,410 Prior period adjustment - - - - - Fund balances(deficit),beginning of year as restated - 384,451 - - 234,410 Fund balances(deficit),end of year $ - $ 412,448 $ 63,000 $ 252,620 $ 288,630 -22- Schedule 2 • Page 4 of 7 MOORPARK COMBINING STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES ALL SPECIAL REVENUE FUNDS Year ended June 30, 1990 Traffic Casey/ System Park Tierra Rejada/ Los Angeles Gabbert Management Maintenance Spring Road Avenue AOC Road AOC Fund(24) Fund(25) Fund(26) Fund(27) Fund(28) Revenues: Other taxes $ - $ - $ - $ - $ - Street improvement fees - - - - - Building and safety fees - - - - - Maintenance assessments 43,728 213,449 - 166,704 - Subventions and grants - - - - - Planning and public works fees - - - 3,162 - Park development fees - - - - - Charges for current services - - - - - Fines and forfeitures - - - - - Interest 2,532 - 11,737 524,860 - Miscellaneous - 49.778 16.380 310 - Total revenues 46,260 263,227 28,117 695,036 Expenditures: Current: General government - - - - - Public safety - - - Public services - - 117 117 117 Parks and recreation - 248,349 - - - Capital outlay - - 128.321 316.946 - Total expenditures - 248.349 128.438 317.063 117 Excess(deficiency)of revenues over expenditures 46,260 14,878 ( 100,321) 377,973 (117) Operating transfer from(to)other funds - - 202.898 ( 203.771) - Excess(deficiency)of revenues and net operating transfers over expenditures 46,260 14,878 102,577 174,202 (117) Fund balances(deficit),beginning of year - 8,958 29,523 5,222,881 5,969 Prior period adjustment - - ( 490) ( 8.494) - Fund balances(deficit),beginning of year as restated - 8.958 29.033 5.214387 5.969 Fund balances(deficit),end of year $ 46,260 $ 23,836 $ 131,610 $ 5,388,589 $ 5,852 -23- Schedule 2 Page 5 of 7 MOORPARK COMBINING STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES ALL SPECIAL REVENUE FUNDS Year ended June 30, 1990 Los Angeles Avenue Senior Center 1984 Park Park Bond Alternate Route Recreation Bond Act Bond Act Act Fund(29) Fund(331 Fund(35) Fund(37) Fund(38) Revenues: Other taxes $ - $ - $ - $ - $ - Street improvement fees - - - - - Building and safety fees - - - - - Maintenance assessments - - - - - Subventions and grants - - 129,000 6,600 - Planning and public works fees - - - - - Park development fees - - - - - Charges for current services - 159,963 - - - Fines and forfeitures - - - - - Interest 155,463 - - - - Miscellaneous - - - - - Total revenues 155,463 159,963 129,000 6,600 - Expenditures: Current: General government - - - - - Public safety - - - - - Public services - - - - - Parks and recreation - 163,373 - - - Capital outlay - _ - 132.001 66.000 1.000 Total expenditures - 163.373 132.001 66.000 1.000 Excess(deficiency)of revenues over expenditures 155,463 ( 3,410) (3,001) (59,400) (1,000) Operating transfer from(to)other funds - 326 - - - Excess(deficiency)of revenues and net operating transfers over expenditures 155,463 ( 3,084) (3,001) (59,400) (1,000) Fund balances(deficit),beginning of year 1,347,047 20,237 (13,439) 59,400 (603) Prior period adjustment - - - - - Fund balances(deficit),beginning of year as restated 1.347.047 20.237 (13.439) 59.400 (603) Fund balances(deficit),end of year $ 1,502,510 $ 17,153 $ (16,440) $ - $ (1,603) -24- Schedule 2 Page 6 of 7 MOORPARK COMBINING STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES ALL SPECIAL REVENUE FUNDS Year ended June 30, 1990 Art Community Crossing Municipal in Public Bicycle and Development Guard Pool Places Equestrian Fund(41) Fund(43) Fund(451 Fund(46) Fund(471 Revenues: Other taxes $ - $ - $ - $ - $ - Street improvement fees - - - - - Building and safety fees - - - - - Maintenance assessments - - 11,000 29,152 - Subventions and grants - - - - - Planning and public works fees 404,555 - - - - Park development fees - - - - - Charges for current services - - - - - Fines and forfeitures - - - - - Interest - 8,802 1,503 - 1,938 Miscellaneous 236 - - 25 - Total revenues 404,791 8,802 12,503 29,177 1,938 Expenditures: Current: General government - - - - - Public safety - - - - - Public services 745,295 6,373 - - - Parks and recreation - - - - - Capital outlay 40.879 - - - - Total expenditures 786.174 6.373 - - - Excess(deficiency)of revenues over expenditures (381,383) 2,429 12,503 29,177 1,938 Operating transfer from(to)other funds - - - - - Excess(deficiency)of revenues and net operating transfers over expenditures (381,383) 2,429 12,503 29,177 1,938 Fund balances(deficit),beginning of year 861,135 88,548 5,922 - 19,222 Prior period adjustment - - - - - Fund balances(deficit),beginning of year as restated 861.135 88.548 5,922 - 19.222 Fund balances(deficit),end of year $ 479,752 $ 90,977 $ 18,425 $ 29,177 $ 21,160 -25- Schedule 2 Page 7of7 MOORPARK COMBINING STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES ALL SPECIAL REVENUE FUNDS Year ended June 30,1990 Moorpark Solid Disaster Totals Waste Relief Year ended Year ended Fund(58) Fund(71) June 30. 1990 June 30. 1989 Revenues: Other taxes $ - $ - $ 346,684 $ 317,142 Street improvement fees - - - 4,000 Building and safety fees - - 27,997 400,266 Maintenance assessments - - 1,109,988 1,445,016 Subventions and grants - - 959,679 557,788 Planning and public works fees - - 407,717 939,462 Park development fees - - 97,223 126,769 Charges for current services - - 203,448 212,370 Fines and forfeitures - - 103,681 101,221 Interest - - 1,266,726 1,189,677 Miscellaneous - - 118.641 182.873 Total revenues - - 4,641,784 5,476,584 Expenditures: Current: General government - 10,000 17,345 - Public safety - - - 25,441 Public services 13,359 - 1,411,319 1,192,133 Parks and recreation - - 411,722 159,887 Capital outlay - - 1.528.912 1.495.731 Total expenditures 13359 10.000 3.369.298 2.873.192 Excess(deficiency)of revenues over expenditures (13,359) (10,000) 1,272,486 2,603,392 Operating transfer from(to)other funds - 10.000 (9.5301 (17.892) Excess(deficiency)of revenues and net operating transfers over expenditures (13,359) - 1,262,956 2,585,500 Fund balances(deficit),beginning of year - - 13,443,715 10,858,215 Prior period adjustment - - 32.023 - Fund balances(deficit),beginning of year as restated - - 13.475.738 10.858.215 Fund balances(deficit),end of year $ (13,359) $ - $ 14,738,694 $ 13,443,715 -26- Schedu Page 1 of i MOORPARK COMBINING STATEMENT OF REVENUES AND EXPENDITURES- BUDGET AND ACTUAL ALL SPECIAL REVENUE FUNDS Year ended June 30, 1990 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 S - $ - $ - $ 328,968 $ 346,684 $ 17,716 $ - $ - $ - Street improvement fees - - - - - - - - - Building and safety fees - - - - - - - - - Maintenance assessments - - - - - - - - - Subventions and grants - - - - - - - - - Planning and public works - - - - - - - - - Park development fees - - - - - - 10,000 97,223 87,223 Charges for current services - - - - - - 5,700 23,787 18,087 Fines and forfeitures 95,000 103,681 8,681 - - - - - - Interest 12,693 28,352 15,659 45,333 153,395 108,062 203,093 316,044 112,951 Miscellaneous - - - - - - - 29.183 29.183 Total revenues 107,693 132,033 24,340 374,301 500,079 125,778 218,793 466,237 247,444 Expenditures: Current: General government - - - - - - - - - Public safety - - - - - - - - - Public services 92,245 82,725 9,520 116,044 - 116,044 - - - Parks and recreation - - - - - - - - - Capital outlay 44.397 38.685 5.712 479.437 576, 478.861 1.641.363 154.945 1.486.418 Total expendi- tures 136.642 121.410 15.232 595.481 576 594.905 1.641.363 154.945 1.486.418 Excess(deficiency)of revenues over expenditures (28,949) 10,623 39,572 (221,180) 499,503 720,683 (1,422,570) 311,292 1,733,862 Operating transfers from (to)other funds,net - - - - - - 421 421 Excess(deficiency)of revenues and net operating transfers over expenditures $ (28,949) $ 10,623 $ 39,572 $ (221,180) $ 499,503 $ 720,683 $ (1,422,570) $ 311,713 $ 1,734,283 -27- Sc edu Page 2 of 12 MOORPARK COMBINING STATEMENT OF REVENUES AND EXPENDITURES- BUDGET AND ACTUAL ALL SPECIAL REVENUE FUNDS Year ended June 30, 1990 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 $ - $ - $ - $ - $ - $ - $ - $ - $ - Street improvement fees - - - - - - - - - Building and safety fees - - - - - - - - - Maintenance assessments - - - - - - - - - Subventions and grants - - - 383,187 389,775 6,588 58,458 65,000 6,542 Planning and public works - - - - - - - - - Park development fees - - - - - - - - - Charges for current services 25,000 19,698 (5,302) - - - - - - Fines and forfeitures - - - - - - - - - Interest - 633 633 5,893 34,298 28,405 272 4,819 4,547 Miscellaneous - - - - - - 30.620 17.730 (12.890) Total revenues 25,000 20,331 (4,669) 389,080 424,073 34,993 89,350 87,549 (1,801) Expenditures: Current: General government - - - - - - - - - Public safety - - - - - - - - - Public services - - - 134,798 184,962 (50,164) 87,350 83,005 4,345 Parks and recreation - - - - - - - - - Capital outlay - - - 603.336 332.586 270.750 2.000 1.400 600 Total expendi- tures - - - 738.134 517.548 220.586 89.350 84.405 4.945 Excess(deficiency)of revenues over expenditures 25,000 20,331 (4,669) (349,054) (93,475) 255,579 - 3,144 3,144 Operating transfers from (to)other funds,net (25.000) (19.4041 5.596 - - - - - - Excess(deficiency)of revenues and net operating transfers over expenditures S - $ 927 $ 927 $ (349,054) $ (93,475) $ 255,579 $ - $ 3,144 $ 3,144 -28- Schedul Page 3 of 12 MOORPARK COMBINING STATEMENT OF REVENUES AND EXPENDITURES- BUDGET AND ACTUAL ALL SPECIAL REVENUE FUNDS Year ended June 30, 1990 State Transit Federal Aid to Transportation Development Assistance Fund (13) Urban Systems (14) Act (Article 3) Fund (15) Variance- Variance- Variance- favorable favorable favorable (unfavor- (unfavor- (unfavor- Budget Actual able) Budget Actual able) Budget Actual able) Revenues: Other taxes $ - $ - $ - $ - $ - $ - $ - $ - $ - Street improvement fees - - - - - - - - - Building and safety fees - - - - - - - - - Maintenance assessments - - - - - - - - - Subventions and grants 1,256 1,256 - 237,370 237,370 - - 107,007 107,007 Planning and public works - - - - - - - - - Park development fees - - - - - - - - - Charges for current services • - - - - - - - - Fines and forfeitures - - - - - - - - - Interest 109 8,740 8,631 - 9,645 9,645 - - - Miscellaneous - - - - - - - - - Total revenues 1,365 9,996 8,631 237,370 247,015 9,645 - 107,007 107,007 Expenditures: Current: General government - - - - - - - - - Public safety - - - - - - - - - Public services - - - - - - - - - Parks and recreation - - - - - - - - - Capital outlay - - - 237.370 237.370 - - 72.047 (72.047) Total expendi- tures - - - 237.370 237.370 - - 72.047 (72.047) Excess(deficiency)of revenues over expenditures 1,365 9,996 8,631 - 9,645 9,645 - 34,960 34,960 Operating transfers from (to)other funds,net - - - - - - - - - Excess(deficiency)of revenues and net operating transfers over expenditures $ 1,365 $ 9,996 $ 8,631 $ - $ 9,645 $ 9,645 $ - $ 34,960 $ 34,960 -29- Schec Page 4 of 12 MOORPARK COMBINING STATEMENT OF REVENUES AND EXPENDITURES- BUDGET AND ACTUAL ALL SPECIAL REVENUE FUNDS Year ended June 30, 1990 Community Development Block Grants to Police-and-Fire-- Small olice-a d-FireSmall Cities Fund (17) CDBG Entitlement Fund (18) Facilities Fee Fund (20) Variance- Variance- Variance- favorable favorable favorable (unfavor- (unfavor- (unfavor- Budget Actual able Budget Actual able) Budget Actual able) Revenues: Other taxes $ - $ - $ - $ - $ - $ - $ - $ - $ - Street improvement fees - - - - - - - - - Building and safety fees - - - - - - 120,000 27,997 (92,003) Maintenance assessments - - - - - - - - - Subventions and grants 17,344 14,361 (2,983) 393,042 9,310 (383,732) - - - Planning and public works - - - - - - - - - Park development fees - - - - - - - - - Charges for current services - - - - - - - - - Fines and forfeitures - - - - - - - - - Interest - - - - - - - - - Miscellaneous - - - - - - - - - Total revenues 17,344 14,361 (2,983) 393,042 9,310 (383,732) 120,000 27,997 (92,003) Expenditures: Current: General government - - - - - - - - - Public safety - - - - - - - - - Public services 17,344 14,361 2,983 155,000 9,310 145,690 - - - Parks and recreation - - - - - - - - - Capital outlay - _ - - 238.042 - 238.042 - - - Total expendi- tures 17.344 14.361 2.983 393.042 9.310 383.732 - - - Excess (deficiency)of revenues over expenditures - - - - - - 120,000 27,997 (92,003) Operating transfers from (to)other funds,net - - - - - - - - - Excess (deficiency)of revenues and net operating transfers over expenditures $ - $ - $ - $ - $ - $ - $ 120,000 $ 27,997 $ (92,003) -30- Schedul Page 5 of 12 MOORPARK COMBINING STATEMENT OF REVENUES AND EXPENDITURES- BUDGET AND ACTUAL ALL SPECIAL REVENUE FUNDS Year ended June 30, 1990 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 able) Budget Actual able) Revenues: Other taxes $ - $ - $ - $ - $ - $ - $ - $ - $ - Street improvement fees - - - - - - - - - Building and safety fees - - - - - - - - - Maintenance assessments - 63,000 63,000 251,000 256,000 5,000 376,439 326,955 (49,484) Subventions and grants - - - - - - - - - Planning and public works - - - - - - - - - Park development fees - - - - - - - - - Charges for current services - - - - - - - - - Fines and forfeitures - - - - - - - - - Interest - - - - 3,965 3,965 - - - Miscellaneous - - - - - - - 4.999 4.999 Total revenues - 63,000 63,000 251,000 259,965 8,965 376,439 331,954 (44,485) Expenditures: Current: General government - - - 10,000 7,345 2,655 - - - Public safety - - - - - - - - - Public services 57,000 - 57,000 - - - 359,469 271,578 87,891 Parks and recreation - - - - - - - - - Capital outlay - - - - - - 144.098 6.156 137.942 Total expendi- tures 57.000 - 57.000 10.000 7345 2.655 503.567 277.734 225.833 Excess(deficiency)of revenues over expenditures (57,000) 63,000 120,000 241,000 252,620 11,620 (127,128) 54,220 181,348 Operating transfers from (to)other funds,net - - - - - - - - - Excess(deficiency)of revenues and net operating transfers over expenditures $ (57,000) $ 63,000 $ 120,000 $ 241,000 $ 252,620 $ 11,620 $ (127,128) $ 54,220 $ 181,348 -31- Schedul Page 6 of 12 MOORPARK COMBINING STATEMENT OF REVENUES AND EXPENDITURES- BUDGET AND ACTUAL ALL SPECIAL REVENUE FUNDS Year ended June 30, 1990 Tierra Rejada/Spring Traffic System Management (24) Park Maintenance Fund (25) Road AOC Fund (26) Variance- Variance- Variance- favorable favorable favorable (unfavor- (unfavor- (unfavor- Budget Actual able) Budget Actual able) Budget Actual able) Revenues: Other taxes $ - $ - $ - $ - $ - $ - $ - $ - $ - Street improvement fees - - - - - - - - Building and safety fees - - - - - - - - - Maintenance assessments - 43,728 43,728 251,376 213,449 (37,927) 40,410 - (40,410) Subventions and grants - - - - - - - - - Planning and public works - - - - - - - - - Park development fees - - - - - - - - - Charges for current services - - - - - - - - - Fines and forfeitures - - - - - - - - - Interest - 2,532 2,532 - - - - 11,737 11,737 Miscellaneous - - - - 49.778 49.778 - 16.380 16.380 Total revenues - 46,260 46,260 251,376 263,227 11,851 40,410 28,117 (12,293) Expenditures: Current: General government - - - - - - - - - Public safety - - - - - - - - - Public services - - - - - - - 117 (117) Parks and recreation - - - 251,376 248,349 3,027 - - - Capital outlay - - - - - - 133.333 128.321 5.012 Total expendi- tures - - 251.376 248.349 3.027 133.333 128.438 4.895 Excess(deficiency)of revenues over expenditures - 46,260 46,260 - 14,878 14,878 (92,923) ( 100,321) (7,398) Operating transfers from (to)other funds,net - _ - - - - - - 202.89$ 202.898 Excess (deficiency)of revenues and net operating transfers over expenditures $ - $ 46,260 $ 46,260 $ - $ 14,878 $ 14,878 $ (92,923) $ 102,577 $ 195,500 -32- Sched Page 7 of 12 MOORPARK COMBINING STATEMENT OF REVENUES AND EXPENDTTURES- BUDGET AND ACTUAL ALL SPECIAL REVENUE FUNDS Year ended June 30, 1990 Los Angeles Avenue Los Angeles Avenue AOC Fund (27) Casey/Gabbert Road AOC Fund (28) Alternate Route Fund (29) Variance- Variance- Variance- favorable favorable favorable (unfavor- (unfavor- (unfavor- Budget Actual able) Budget Actual able) Budget Actual able) Revenues: Other taxes $ • $ - $ - $ - $ - S - $ - $ - $ - Street improvement fees - - - - - - - - - Building and safety fees - - - - - - - - - Maintenance assessments 65,000 166,704 101,704 27,300 - (27,300) - - - Subventions and grants - - - - - - - - - Planning and public works - 3,162 3,162 - - - - - - Park development fees - - - - - - - - - Charges for current services - - - - - - - - - Fines and forfeitures - - - - - - - - - Interest 342,855 524,860 182,005 - - - 73,326 155,463 82,137 Miscellaneous - 310 310 - - - - - Total revenues 407,855 695,036 287,181 27,300 - (27,300) 73,326 155,463 82,137 Expenditures: Current: General government - - - - - - - - - Public safety - - - - - - - - - Public services - 117 (117) - 117 (117) - - - Parks and recreation - - - - - - - - - Capital outlay L758.429 316.946 1.441.483 - - - - - - Total expendi- tures 1.758.429 317.063 1.441.366 - 117 (117) - - - Excess (deficiency)of revenues over expenditures (1,350,574) 377,973 1,728,547 27,300 (117) (27,417) 73,326 155,463 82,137 Operating transfers from (to)other funds,net - (203.7711 (203.7711 - - - - - - Excess (deficiency)of revenues and net operating transfers over expenditures $ (1,350,574) $ 174,202 $ 1,524,776 $ 27,300 $ (117) $ (27,417) $ 73,326 $ 155,463 $ 82,137 -33- Schedule Page 8 of 12 MOORPARK COMBINING STATEMENT OF REVENUES AND EXPENDITURES- BUDGET AND ACTUAL ALL SPECIAL REVENUE FUNDS Year ended June 30, 1990 Recreation Fund (33) Senior Center Bond Act Fund (35) 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 $ - $ - $ - $ - $ - $ - $ - $ - $ - Street improvement fees - - - - - - - - - Building and safety fees - - - - - - - - - Maintenance assessments - - - - - - - - - Subventions and grants - - - - 129,000 129,000 68,000 - (68,000) Planning and public works - - - - - - - - - Park development fees - - - - - - - - - Charges for current services 125,325 159,963 34,638 - - - - - - Fines and forfeitures - - - - - - - - - Interest - - - - - - - - - Miscellaneous - - - - - - - - - Total revenues 125,325 159,963 34,638 - 129,000 129,000 68,000 - (68,000) Expenditures: Current: General government - - - - - - - - Public safety - - - - - - - - Public services - - - - - - - - - Parks and recreation 133,150 163,373 (30,223) - - - - - - Capital outlay - - - - 132.001 (132.001) - - - Total expendi- tures 133.150 163.373 (30.223) - 132.001 (132.001) - - - Excess(deficiency)of revenues over expenditures (7,825) (3,410) 4,415 - (3,001) (3,001) 68,000 - (68,000) Operating transfers from (to)other funds,net - 326 326 - - - - - - Excess(deficiency)of revenues and net operating transfers over expenditures $ (7,825) $ (3,084) $ 4,741 $ - $ (3,001) $ (3,001) $ 68,000 $ - $ (68,000) -34- Schedul Page 9 of 12 MOORPARK COMBINING STATEMENT OF REVENUES AND EXPENDITURES- BUDGET AND ACTUAL ALL SPECIAL REVENUE FUNDS Year ended June 30, 1990 1984 Park Bond Act Fund (37) Park Bond Act Fund (38) Community Development Fund (41) Variance- Variance- Variance- favorable favorable favorable (unfavor- (unfavor- (unfavor- Budget Actual able Budget Actual _WAIL Budget Actual able Revenues: Other taxes $ - $ - $ - $ - $ - $ - $ - $ - $ - Street improvement fees - - - - - - - - - Building and safety fees - - - - - - 688,288 - (688,288) Maintenance assessments - - - - - - - - - Subventions and grants - 6,600 6,600 8,980 - (8,980) - - - Planning and public works - - - - - - 603,800 404,555 (199,245) Park development fees - - - - - - - - - Charges for current services - - - - - - - - - Fines and forfeitures - - - - - - - - - Interest - - - - - - - - - Miscellaneous - - - - - - - 236 236 Total revenues - 6,600 6,600 8,980 - (8,980) 1,292,088 404,791 (887,297) Expenditures: Current: General government - - - - - - - - - Public safety - - - - - - - - - Public services - - - - - - 1,150,934 745,295 405,639 Parks and recreation - - - - - - - - - Capital outlay 66.000 66.000 - 8.980 1.000 7.980 41.800 40.879 _ 921 Total expendi- tures 66.000 66.000 - 8.980 1.000 7.980 1.192.734 786.174 406.560 Excess(deficiency)of revenues over expenditures (66,000) (59,400) 6,600 - (1,000) (1,000) 99,354 (381,383) (480,737) Operating transfers from (to)other funds,net - - - - - - - - - Excess(deficiency)of revenues and net operating transfers over expenditures $ (66,000) $ (59,400) $ 6,600 $ - $ (1,000) $ (1,000) $ 99,354 $ (381,383) $ (480,7.37) -35- Sche Page 10 of 12 MOORPARK COMBINING STA1EMENT OF REVENUES AND EXPENDITURES- BUDGET AND ACTUAL ALL SPECIAL REVENUE FUNDS Year ended June 30, 1990 Crossing Guard Fund (43) Municipal Pool Fund (45) Art in Public Places Fund (46) Variance- Variance- Variance- favorable favorable favorable (unfavor- (unfavor- (unfavor- BudMet Actual able Budget Actual able Budget Actual able Revenues: Other taxes $ - $ - $ - $ - $ - $ - $ - $ - $ - Street improvement fees - - - - - - - - - Building and safety fees - - - - - - - - - Maintenance assessments - - - 11,000 11,000 - - 29,152 29,152 Subventions and grants - - - - - - - - - Planning and public works - - - - - - - - - Park development fees - - - - - - - - - Charges for current services - - - - - - - - - Fines and forfeitures - - - - - - - - - Interest 7,099 8,802 1,703 425 1,503 1,078 - - - Miscellaneous - - - - - - - 25 25 Total revenues 7,099 8,802 1,703 11,425 12,503 1,078 - 29,177 29,177 Expenditures: Current: General government - - - - - - - - - Public safety - - - - - - - - - Public services 8,480 6,373 2,107 - - - - - - Parks and recreation - - - - - - - - - Capital outlay 1.738 - 1.738 - - - - - - Total expendi- tures 10.218 6.373 3.845 - - - - - - Excess (deficiency)of revenues over expenditures (3,119) 2.429 5,548 11,425 12,503 1,078 - 29,177 29,177 Operating transfers from (to)other funds,net - - - - - - - - - Excess (deficiency)of revenues and net operating transfers over expenditures $ (3,119) $ 2,429 $ 5,548 $ 11,425 $ 12,503 $ 1,078 $ - $ 29,177 $ 29,177 -36- Schec Page 11 of 12 MOORPARK COMBINING STATEMENT OF REVENUES AND EXPENDITURES- BUDGET AND ACTUAL ALL SPECIAL REVENUE FUNDS Year ended June 30, 1990 Bicycle and Equestrian Fund (47) Solid Waste Fund (58) Variance- Variance- favorable favorable (unfavor- (unfavor- ud a Actual able) BudgetActualable) Revenues: Other taxes $ - $ - $ - $ - $ - $ - Street improvement fees - - - - - - Building and safety fees - - - - - - Maintenance assessments - - - - - - Subventions and grants - - - - - - Planning and public works - - - - - - Park development fees - - - - - - Charges for current services - - - - - - Fines and forfeitures - - - - - - Interest 1,360 1,938 578 - - - Miscellaneous - - - - - - Total revenues 1,360 1,938 578 - - - Expenditures: Current: General government - - - - - - Public safety - - - - - - Public services - - - 6,000 13,359 (7,359) Parks and recreation - - - - - - Capital outlay - - - - - - Total expendi- tures - - - 6.000 13.359 (7.359) Excess (deficiency)of revenues over expenditures 1,360 1,938 578 (6,000) (13,359) (7,359) Operating transfers from (to)other funds,net - - - - - - Excess (deficiency)of revenues and net operating transfers over expenditures $ 1,360 $ 1,938 $ 578 $ (6,000) $ (13,359) $ (7,359) -37- Sche< Page 12 of 12 MOORPARK COMBINING STATEMENT OF REVENUES AND EXPENDITURES- BUDGET AND ACTUAL ALL SPECIAL REVENUE FUNDS Year ended June 30, 1990 Moorpark Disaster Relief Fund (71) Totals Variance- Variance- favorable favorable (unfavor- (unfavor- Budget Actual ,able) Budget Actual able) Revenues: Other taxes $ - $ - $ - $ 328,968 $ 346,684 $ 17,716 Street improvement fees -- - - - - Building and safety fees - - - 808,288 27,997 (780,291) Maintenance assessments - - - 1,022,525 1,109,988 87,463 Subventions and grants - - - 1,167,637 959,679 (207,958) Planning and public works - - - 603,800 407,717 (196,083) Park development fees - - - 10,000 97,223 87,223 Charges for current services - - - 156,025 203,448 47,423 Fines and forfeitures - - - 95,000 103,681 8,681 Interest - - - 692,458 1,266,726 574,268 Miscellaneous - - - 30.620 118.641 88.021 Total revenues - - - 4,915,321 4,641,784 (273,537) Expenditures: Current: General government 10,000 10,000 - 20,000 17,345 2,655 Public safety - - - - - - Public services - - 2,184,664 1,411,319 773,345 Parks and recreation - - - 384,526 411,722 (27,196) Capital outlay - - - 5.400.323 1.528.912 3.871.411 Total expendi- tures 10.000 10.000 - 7.989.513 3.369.298 4.620.215 Excess(deficiency)of revenues over expenditures (10,000) (10,000) - (3,074,192) 1,272,486 4,346,678 Operating transfers from (to)other funds,net 10.000 10,000 - (15.000) (9.530) 5.470 Excess(deficiency)of revenues and net operating transfers over expenditures $ - $ - $ - $ (3,089,192) $ 1,262,956 $ 4,352,148 -38- Schedule 4 MOORPARK COMBINING BALANCE SHEET ALL CAPITAL PROJECTS FUNDS June 30, 1990 City Hall Equipment Redevelopment Totals Building Fund Replacement Fund Agency Fund June 30. 1990 June 30. 1989 ASSETS Cash and short-term investments $ - $ 4,870 $ 21,754 $ 26,624 $ 10,820 Accounts and interest receivable - 63 85 148 1,001 Due from other funds 783 - - 783 30.337 $ 783 $ 4,933 $ 21,839 $ 27,555 $ 42,158 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable and accrued liabilities $ - $ - $ 17,835 $ 17,835 $ 80,482 Advances payable to General Fund - - 190.117 190.117 85.000 Total liabilities - - 207,952 207,952 165,482 Fund balances(deficit)-unreserved 783 4.933 (186.113) (180.397) (123.324) $ 783 $ 4,933 $ 21,839 $ 27,555 $ 42,158 -39- Schedule 5 MOORPARK COMBINING STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES ALL CAPITAL PROJECTS FUNDS Year ended June 30, 1990 Totals City Hall Equipment Redevelopment Year ended Year ended Building Fund Replacement Fund Agency June 30. 1990 June 30. 1989 Revenues: Interest $ - $ 223 $ 533 $ 756 $ 9,632 Miscellaneous - - 219 219 150 Total revenues - 223 752 975 9,782 Expenditures: Current: General government - - 37,931 37,931 Public safety - - - - - Public services - - - - 115,880 Parks and recreation - - - - - Interest expense - - 20,117 20,117 Capital outlay - - - - 163.666 Total expenditures - - 58.048 58.048 279.546 Excess(deficiency)of revenues over expenditures - 223 (57,296) (57,073) (269,764) Operating transfers from other funds - - - - - Excess(deficiency)of revenues and net operating transfers over expenditures - 223 (57,296) (57,073) (269,764) Fund balances(deficit),beginning of year 783 4.710 (128.817) (123.324) 146.440 Fund balances(deficit),end of year $ 783 $ 4,933 $ (186,113) $ (180,397) $ (123,324) -40-