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HomeMy WebLinkAboutACFR 1989 MOORPARK ,.....024r#:\ ormoV"; _etto` ,� . 10 4�+ �• vtimiii, ANNUAL FINANCIAL REPORT Year Ended June 30, 1989 MOORPARK ANNUAL FINANCIAL REPORT June 30, 1989 TABLE OF CONTENTS Page Report of Independent Auditors 1 General Purpose Financial Statements at June 30, 1989 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, 1989 and for the year then ended: Special Revenue Funds: Combining Balance Sheet 1 13 Combining Statement of Revenues, Expenditures and Changes in Fund Balances 2 17 Combining Statement of Revenues and Expenditures - Budget and Actual 3 21 Capital Projects Funds: Combining Balance Sheet 4 28 Combining Statements of Revenues, Expenditures and Changes in Fund Balances 5 29 General Fixed Assets Account Group: Statement of General Fixed Assets Account Group 6 30 Ernst&Young Wan Coqunale Cwtlel REPORT OF INDEPENDENT AUDITORS 21300 VICIor y Boulevard X1000 Woodland Hills.Cahlonua 91367 2533 telephone(818)7034700 Fax(81813479235 Telex 62571620 Honorable City Council Moorpark, California We have audited the general purpose financial statements of Moorpark (City) as of June 30, 1989 and for the year then ended, as listed in the accompanying table of contents. These general purpose financial statements are the responsibility of the City's management. Our responsibility is to express an opinion on these general purpose financial statements based on our audit. We conducted our audit in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the general purpose financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. The City has not determined fair market values for certain real property and park land transferred from the County of Ventura and received from developers. Accordingly, such property has not been recorded in the General Fixed Assets Account Group in the accompanying combined balance sheet. This departure from generally accepted accounting principles does not have a material effect on the results of operations of the City for the year ended June 30, 1989. In our opinion, the general purpose financial statements mentioned above present fairly, in all material respects, the results of operations of Moorpark for the year ended June 30, 1989 and, except for the effects on the combined balance sheet of not recording certain real property as discussed in the preceding paragraph, the financial position of Moorpark at June 30, 1989, in conformity with generally accepted accounting principles. Our audit was made for the purpose of forming an opinion on the 1989 general purpose financial statements taken as a whole. The combining and individual fund and account group 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 1989 general purpose financial statements of Moorpark. Such additional financial information has been subjected to the procedures applied in the audit of the general purpose financial statements and, in our opinion, except for the effects of not recording certain real property as discussed in the second preceding paragraph, is fairly stated in all material respects in relation to the general purpose financial statements taken as a whole. L April 19, 1990 1. MOORPARK COMBINED BALANCE SHEET ALL FUND TYPES AND ACCOUNT GROUP June 30, 1989 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, 1989 June 30, 1988 Cash, including short-term interest- bearing investments of $17,166,733 (Note 3) $3,446,868 $13,880,734 $ 10,820 $2,199,567 $ - $19,537,989 $17,146,327 Accounts and interest receivable 218,404 506,274 1,001 - - 725,679 803,280 Due from other funds (Note 1) 163,529 133,957 30,337 - - 327,823 258,277 Property and equipment (Notes 1 and 5): Buildings and structures - - - - 1,261,679 1,261,679 1,139,669 Improvements other than buildings - - - - 621,643 621,643 524,058 Office furniture and equipment - - - - 254,630 254,630 129,680 Other equipment - - - - 52,767 52,767 37.978 $3,828,801 $14,520,965 $ 42.158 $2.199.567 $2.190.719 $22.782.210 $20,039,269 LIABILITIES AND FUND EQUITIES Liabilities: Accounts payable and accrued liabilities, including compen- sated absences (Note 1) $ 651,533 $ 820,028 $ 80,482 $ 107,983 $ - $ 1,660,026 $ 2,383,691 Deposits, principally from developers (Note 1) - - - 2,091,584 - 2,091,584 2,097,136 Contracts payable - - - - - - 293,474 Deferred revenue - 14,399 - - - 14,399 19,286 Due to other funds (Note 1) - 242,823 85,000 - - 327,823 258.277 Total liabilities 651,533 1,077,250 165,482 2,199,567 - 4,093,832 5,051,864 Commitments and contingencies (Note 7) Fund equities: Investment in general property and equipment - - - - 2,190,719 2,190,719 1,831,385 Fund balances-unreserved: Designated (Note 6) 766,173 985,000 - - - 1,751,173 500,000 Undesignated (deficit) 2,411,095 12.458,715 (123,324) - - 14,746,486 12,656,020 Total fund balances/equities 3,177.268 13,443,715 (123.324) - 2,190.719 18,688.378 14.987,405 $3,828,801 $14.520.965 $ 42.158 $2.199.567 $2.190.719 $22.782.210 $20.039.269 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, 1989 Governmental Fund Types Totals (memorandum only) Special Capital General revenue projects Year ended Fund funds funds June 30, 1989 June 30,1988 Revenues: Property taxes $ 1,017,870 $ - $ - $ 1,017,870 $ 1,001,181 Sales taxes 741,835 - - 741,835 633,694 Other taxes 36,856 317,142 - 353,998 290,689 Motor vehicle license fees 785,390 - - 785,390 612,423 Utility franchise fees 204,557 - - 204,557 151,460 Street improvement fees - 4,000 - 4,000 546,264 Building and safety fees - 400,266 - 400,266 252,909 Planning and public works fees 478,789 939,462 - 1,418,251 146,341 Subventions and grants - 557,788 - 557,788 504,429 Maintenance assessments - 1,445,016 - 1,445,016 357,283 Park development fees - 126,769 - 126,769 134,493 Charges for current services 14,886 212,370 • - 227,256 155,277 Fines and forfeitures 17,212 101,221 - 118,433 127,543 Interest 218,004 1,189,677 9,632 1,417,313 1,131,235 Miscellaneous 57,474 182,873 150 240,497 8,900 Total revenues 3,572,873 5,476,584 9,782 9,059,239 6,054,121 Expenditures: Current: • General government 783,709 - - 783,709 820,385 Public safety 1,289,212 25,441 - 1,314,653 977,368 Public services 93,537 1,192,133 115,880 1,401,550 1,217,960 Parks and recreation 313,880 159,887 - 473,767 305,788 Capital outlay 84,524 1,495,731 163,666 1,743,921 4,589,407 Total expenditures 2,564,862 2,873,192 279.546 5,717.600 7.910.908 Excess (deficiency) of revenues over expenditures 1,008,011 2,603,392 ( 269,764) 3,341,639 ( 1,856,787) Operating transfers from (to) other funds, net 17,892 ( 17.892) - - - Excess (deficiency) of revenues and net operating tranfers over expenditures 1,025,903 2,585,500 ( 269,764) 3,341,639 ( 1,856,787) Fund balances, beginning of year 2.151,365 10,858,215 146.440 13,156.020 15,012,807 Fund balances (deficit), end of year $ 3.177.268 $ 13.443.715 $( 123.324) $16,497.659 $ 13.156.020 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, 1989 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 $ 921,400 $ 1,017,870 $ 96,470 $ - $ - $ - $ 921,400 $ 1,017,870 $ 96,470 Sales taxes 712,000 741,835 29,835 - - - 712,000 741,835 29,835 Other taxes 40,200 36,856 ( 3,344) 303,400 317,142 13,742 343,600 353,998 10,398 Motor vehicle license fees 749,300 785,390 36,090 - - - 749,300 785,390 36,090 Utility franchise fees 170,500 204,557 34,057 - - - 170,500 204,557 34,057 Street improvement fees - - - - 4,000 4,000 - 4,000 4,000 Building and safety fees - - - 840,100 400,266 ( 439,834) 840,100 400,266 ( 439,834) Planning and public works fees - 478,789 478,789 565,200 939,462 374,262 565,200 1,418,251 853,051 Subventions and grants - - - 782,164 557,788 ( 224,376) 782,164 557,788 ( 224,376) Maintenance assessments - - - 1,180,460 1,445,016 264,556 1,180,460 1,445,016 264,556 Park development fees - - - 104,400 126,769 22,369 104,400 126,769 22,369 Charges for current services 2,050 14,886 12,836 195,600 212,370 16,770 197,650 227,256 29,606 Fines and forfeitures 12,100 17,212 5,112 94,000 101,221 7,221 106,100 118,433 12,333 Interest 130,000 218,004 88,004 456,620 1,189,677 733,057 586,620 1,407,681 821,061 Miscellaneous - 57,474 57,474 - 182,873 182.873 - 240,347 240,347 Total revenues 2,737,550 3,572,873 835,323 4,521,944 5,476,584 954,640 7,259,494 9,049,457 1,789,963 Expenditures: Current: General government 832,663 783,709 48,954 - - - 832,663 783,709 48,954 Public safety 1,368,393 1,289,212 79,181 40,732 25,441 15,291 1,409,125 1,314,653 94,472 Public services 499,781 93,537 406,244 2,086,680 1,192,133 894,547 2,586,461 1,285,670 1,300,791 Parks and recreation 416,338 313,880 102,458 140,000 159,887 ( 19,887) 556,338 473,767 82,571 Capital outlay 97.425 84.524 12.901 6.648,153 1.495.731 5,152,422 6.745.578 1.580.255 5.165.323 Total expendi- tures 3.214,600 2,564,862 649,738 8.915,565 2.873,192 6.042,373 12,130,165 5,438,054 6,692.111 Excess (deficiency) of revenues over expenditures ( 477,050) 1,008,011 1,485,061 (4,393,621) 2,603,392 6,997,013 ( 4,870,671) 3,611,403 8,482,074 Operating transfers from (to) other funds, net 25.000 17.892 ( 7,108) ( 25,000) ( 17,892) 7.108 - - - Excess (deficiency) of revenues and net operating transfers over expenditures $( 452,050) $ 1,025.903 $ 1.477,953 $(4.418.621) $ 2.585.500 $ 7.004.121 $( 4,870.671) $ 3.611.403 $ 8.482.074 See accompanying notes to general purpose financial statements. 4. MOORPARK NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS June 30, 1989 1. Summary of significant accounting policies Basis of accounting Moorpark (the City) accounts for its financial position and operations in accordance with generally accepted accounting prin- Governmental fund types use a modified accrual basis of ciples applicable to governmental units. Accordingly, the City uses accounting. Revenues are recognized when available and measur- several funds and an account group described below. able. Revenues which are accrued include property taxes, sales taxes collected by the State on behalf of the City prior to year Fund types and account group end, interest and certain other taxes. Revenues which are not A fund or account group is an accounting entity with a self- considered susceptible to accrual include motor vehicle license balancing set of accounts established to record the financial posi- fees, certain other licenses and fees, fines, forfeitures and tion and results of operations of a specific governmental acti- penalties. Expenditures are recorded when the liability is vity. The City maintains the following fund types and account incurred. group: Interfund transactions Governmental fund types, which include the General Fund, In the course of normal operations, transactions occur among special revenue funds and capital projects funds, are used to various City funds. Operating transfers (recurring) are recorded by record the general operations of the City. the receiving fund as transfers-in and as an addition to fund Fiduciary fund type (Agency Fund), which is used to account for balance. Such transfers are recorded by the disbursing fund as assets held by the City as an agent for individuals, transfers-out and a reduction of fund balance. organizations and other funds. The Agency fund is custodial in Operating transfers during the year ended June 30, 1989 include nature (assets equal liabilities) and does not involve the following: measurement of operations. Operating transfers to (from) General Property and Equipment Account Group, which is used to Special Totals account for property and equipment purchased or received by the Generalrevenue (Memorandum Fund funds Only)) governmental fund types. Operating transfers (to) from: The combined financial statements include total columns which General Fund $ - $(17,892) $ - aggregate the financial statements of the various fund types and Special revenue funds 17.892 - - account group. The columns are designated "memorandum only" because 17.892 $(17.892) $the totals are not comparable to a consolidation in that interfund transactions are not eliminated. 5. MOORPARK NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS June 30, 1989 1. Summary of significant accounting policies (Cont'd.) Property and equipment Interfund transactions (Cont'd.) Acquisitions of property and equipment are recorded as Due to/from accounts are primarily related to advances made by expenditures in governmental fund types at the time of purchase. the General Fund to various special revenue funds. These advances These assets, when over $500 each, are capitalized at cost in the are current and will be repaid from future revenues. General Property and Equipment Account Group. Expenditures for infrastructure (roads, curbs, sidewalks, etc.) normally are not Property taxes capitalized as such assets are immovable and generally of value only The duties of assessing and collecting property taxes are to the City. No depreciation is provided for assets capitalized in performed by the Ventura County Assessor and Tax Collector, respec- the General Property and Equipment Account Group. tively. The City receives an allocation of property taxes collected During the year ended June 30, 1984, the County of Ventura by the County with respect to property located within the City transferred certain real property to the City. In addition, the limits. Tax levies cover the period from July 1 to June 30 of each City has received park land from the County of Ventura and from year. All tax liens attach annually on the first day in March pre- developers. The City has not determined fair market values for the ceding the fiscal year for which the taxes are levied. Taxes are land element of this real property or the park land; accordingly, it levied on both real and personal property as it exists on that date. has not been recorded in the General Property and Equipment Account Secured property taxes are levied against real property and are Group. It is the City's intent to value the land received, as of due and payable in two equal installments. The first installment is the transfer dates, and record such property in the General Property due on November 1 and becomes delinquent if not paid by Decem- and Equipment Account Group during the year ending June 30, 1990. ber 10. The second installment is due on February 1 and becomes Deposits delinquent if not paid by April 10. Unsecured personal property taxes are due on July 1 each year. These taxes become delinquent if Deposits principally consist of amounts collected from not paid by August 31. developers for services to be rendered by the City, including engineering plan checks and inspections and planning review The City records property tax revenues in the fiscal year to services. The City will recognize the appropriate amounts as which they relate rather than at the related lien date. Delinquent revenue when the services are performed and the corresponding property taxes at year end (June 30) are reserved to the extent they expenditures are incurred. are deemed to be uncollectible within 60 days thereafter, if any. 6. MOORPARK NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS June 30, 1989 2. Budgetary information Carrying amount The City Council adopts a formal budget at the beginning of the Cash in banks - insured by FDIC $ 3,212,814 City's fiscal year providing for operations and capital expenditures Cash in banks - collateralized with securities held by an agent but not of the City's General Fund and special revenue funds. Budgetary in the City's name 2,218,229 controls and the levying of taxes are set by the City Council within Cash in bank - uncollateralized 1,407,213 State limitations. The legally adopted budget requires that Other investments, at cost 12,699,733 expenditures not exceed appropriations in total for each fund. The budgetary basis of accounting is consistent with generally accepted $19,537.989 accounting principles applicable to the City's financial statements. Credit risk, carrying amount and market value of investments The Council is authorized to make and has made appropriation Investments at June 30, 1989 are categorized in the following adjustments to the budget during the year as deemed necessary. Such manner: adjustments are included in the budget amounts in the accompanying o Category 1: - includes investments that are insured or regis- combined financial statements. Appropriations lapse at year end. tered or for which the securities are held by the City or its agent in the City's name. For the year ended June 30, 1989 actual expenditures exceeded budgeted amounts for the Recreation Fund by $19,887 due to higher o Category 2: - includes uninsured and unregistered investments for which the securities are held by the broker's or dealer's participation which also increased revenues. Recreation Fund trust department or agent in the City's name. revenues were adequate to cover expenditures. o Category 3 - includes uninsured and unregistered investments for which the securities are held by the broker or dealer or by 3. Cash and investments its trust department or agent but not in the City's name. Cash and investments of the City are pooled for deposit and investment purposes. Interest earned on pooled investments is credited to the funds based on each funds' average deposit bal- ance. At June 30, 1989, the total cash and investments balance comprised the following: 7. MOORPARK NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS June 30, 1989 3. Cash and investments (Cont'd.) o Repurchase agreements Credit risk, carrying amount and market value of o Passbook savings accounts investments (Cont'd.) o Reverse repurchase agreements Category carrying Market 1 2 3 amount value 4. Retirement plan Cash on hand or Plan description in banks $243,814 $ - $2,127,442 $ 2,371,256 $ 2,371,256 Certificates of deposit 2,969,000 - 1,498,000 4,467,000 4,467,000 The City contributes to the California Public Employees Retire- United States Treasury bills 7.840,733 - - 7.840,733 7840733 ment System (PERS), an agent multiple-employer public employee $11,053,547 $ - $3.625.442 14,678,989 14,678,989 retirement system that acts as a common investment and administra- Investment in tive agent for participating public entities within the State of State Treasurer's California. The City's total covered payroll for employees partici- investment pool 4,859,000 4.859,000 $19,537,989, X19,537.989 pating in PERS for the year ended June 30, 1989 was $579,207. The City's total payroll for the year was $723,266. Investments policy All full-time City employees are eligible to participate in The City temporarily invests its excess cash in instruments PERS. Benefits vest after five years of service. Employees who which are allowable under current legislation of the State of Cali- retire at or after age 50, with five years of credited service, are fornia (Government Code Section 53600 et seq.). entitled to an annual retirement benefit, payable monthly for life, The State Code permits investments in the following in an amount based on the three highest years' salary that varies instruments 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 o Securities of the U.S. Government or its agencies survivor's benefits. These benefit provisions and all other o Small business administration loans requirements are established by State statute and City ordinance. o Certificates of deposit (or time deposits) placed with commercial banks and/or savings and loan companies Employee and employer contribution obligations o Negotiable certificates of deposit Most employees make the contributions for their account. The o Rankers' acceptances City makes contributions for "exempt" employees on their behalf. o Commercial paper The rate is set by statute and therefore remains unchanged from year o Local Agency Investment Fund (State pool) to year. The present rate is 7%. 8. MOORPARK NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS June 30, 1989 4. Retirement plan (Cont'd.) The pension benefit obligation applicable to the City's Employee and employer contribution obligations (Cont'd.) employees at June 30, 1989 is as follows: The City is required to contribute the remaining amounts Pension benefit obligation: Retirees and beneficiaries currently receiving necessary to fund the benefits for its members, using the actuarial benefits and terminated employees not yet basis recommended by PERS actuaries and actuarial consultants and receiving benefits $ 6,639 Current employees: adopted by the PERS Board of Administration. Accumulated employee contributions including allocated investment earnings 63,338 Funding status and progress Employer-financed vested - Employer-financed non-vested 41.134 The amount shown below as the "pension benefit obligation" is a standardized measure of the present value of pension benefits, Total pension benefit obligation $111.111 adjusted for the effects of projected salary increase and step-rate Net assets available for benefits at cost (market benefits, estimated to be payable in the future as a result of value is $151,693) $134.123 employee service to date. The measure is intended to help users Actuarially determined contribution requirements assess the funding status of the system on a going-concern basis, and contribution made assess progress made in accumulating sufficient assets to pay bene- PERS uses the entry age normal actuarial cost method. As a • fits when due and make comparisons among employers. The measure is projected benefit cost method, it takes into account those benefits the actuarial present value of credited projected benefits and is that are expected to be earned in the future as well as those independent of the funding method used to determine contributions to already accrued. The normal cost for an employee is the level PERS. amount which would fund the projected benefit if it were paid The pension benefit obligation was computed as part of an annually from date of employment until retirement. PERS uses a actuarial valuation performed as of June 30, 1988. Significant modification of the entry age cost method in which the employer's total normal cost is expressed as a level percent of payroll. PERS actuarial assumptions used in the valuation include (a) a rate of return on the investment of present and future assets of 8.5% per also uses the level percentage of payroll method to amortize any year compounded annually; (b) projected salary increase of 5.50% per unfunded actuarial liabilities. The amortization period to the year compounded annually, attributable to inflation and across the unfunded actuarial liability ends on June 30, 2000 for other board real salary increases; (c) additional projected salary benefits. increases of 1.50% per year, attributable to seniority/merit; and (d) no post retirement benefit increases. 9. MOORPARK NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS June 30, 1989 4. Retirement plan (Cont'd.) Employer contribution expressed as a Actuarially determined contribution requirements percentage of annual covered payroll 6.50% 7.00% and contribution made (Cont'd.) The significant actuarial assumptions used to compute the 5. General property and equipment actuarially determined contribution requirement are the same as A summary of changes in the General Fixed Assets Account Group those used to compute the pension benefit obligation. for the year ended June 30, 1989 follows: The City's contribution to PERS for 1989 of $37,643 was made in accordance with actuarially determined requirements computed through Balance, Balance, June 30, June 30, an actuarial valuation performed as of June 30, 1988. 1988 Additions Disposals 1989 The contribution included $37,643 normal cost (6.499% of Buildings and current covered payroll). structures $1,139,669 $122,010 $ - $1,261,679 Trend information Improvements other than buildings 524,058 97,585 - 621,643 Trend information gives an indication of the progress made in Office furniture accumulating sufficient assets to pay benefits when due. Until ten and equipment 129,680 124,950 - 254,630 years of data are available, as many years as are available will be Other equipment q pment 37.978 14.789 52.767 presented. Trend information for the City is available for the two years ended June 30, 1989 and is summarized as follows: $1.831.385 $ 359.334 $ - $2.190.719 1989 1988 6. Fund balances Net assets available for benefits $134,123 $109,430 Designated fund balances Pension benefit obligation 111,111 76,813 The City has designated $485,000 of a special revenue fund Net assets available for benefits expressed balance for the future purchase of land. At June 30, 1989, these as a percentage of the pension obligation 120.71% 142.46% funds were held in an escrow account. The City has also designated Assets in excess of pension benefit $500,000 of a special revenue fund balance to be used for reimburse- obligation 23,012 32,617 ment to a third party for the cost of certain road improvements. Annual covered payroll 591,750 429,673 Funds in excess of Gann spending limitations of $766,173 have been designated in the General Fund. The voters subsequently approved Assets in excess of pension benefit obligation, expressed as a percentage the use of these funds by the City. of annual covered payroll 3.89% 7.59% 10. MOORPARK NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS June 30, 1989 6. Fund balances (Cont'd.) 8. Residential mortgage and industrial revenue bonds Deficit fund balances The City sponsored a revenue bond program during the year ended The following funds have deficit fund balances at June 30, 1989 June 30, 1985 under which $20,000,000 of Single Family Residential in the amounts indicated Mortgage Revenue Bonds were issued. The single family mortgage program is designed to provide funds to acquire mortgage loans on Special Revenue: single family residences located in the City. These bonds are Transportation Development Act (Article 3) Fund $5,498 Park Bond Act Fund 603 secured by a pledge of all loans receivable advanced from the bond Senior Center Bond Act Fund 13,439 proceeds by the Trustee, First Interstate Bank of California, and Redevelopment Agency 128,817 are serviced from payments on the loans to the Trustee. The City advances funds to these special revenue funds pending claim and receipt of grant funds. The Redevelopment Agency will be The City sponsored a revenue bond program during the year ended funded with long term financing from the General Fund. June 30, 1986, under which $22,600,000 of Multi-Family Housing Revenue Bonds were issued. The program is designed to assist in 7. Commitments and contingencies making low and moderate cost rental housing available in the City. The City is guaranteed that 10% of the units of the project financed Commitments with the bonds are made available to persons and families with The City has contracted with the County of Ventura for various incomes not exceeding 80% of the County median income and another services, principally law enforcement. These contracts are can- 10% of the units for persons and families with income not exceeding cellable by the City or the County on May 31 of each year after 50% of the County median income. The units are available under this thirty days' notice has been given, and are renegotiated annually. program for a thirty-year period. These bonds are secured by a let- The aggregate of these and other various contractual commitments ter of credit issued by Citibank, N.A., dated December 23, 1985. total approximately $1,824,000 for the year ending June 30, 1990. The program is administered by the Trustee, Security Pacific National Bank. Contingencies There are certain legal actions pending against the City which management considers incident to normal operations, some of which seek substantial monetary damages. In the opinion of management, after consultation with counsel, the ultimate resolution of such actions is not expected to have a significant effect on the finan- cial position or the results of operations of the City. 11. MOORPARK NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS June 30, 1989 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 combined financial statements. 12. ADDITIONAL FINANCIAL INFORMATION Schedule 1 Page 1 of 4 MOORPARK COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS June 30, 1989 Local Local State Traffic Park Community Transportation Transportation Transit Safety State Gas Development Center - Streets Transit Assistance Fund (021 Tax Fund (03) Fund (05) Fund (07) Fund (11) Fund (12) Fund (13) ASSETS Cash and short-term investments $303,317 $1,362,902 $3,034,490 $ 176 $272,640 $17,635 $77,075 Accounts and interest receivable 5,447 - 166,228 198 - - - Due from other funds - - - - $308.764 $1.362.902 $3,200.718 $ 374 $272.640 $17.635 $77.075 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable and accrued liabilities $ 10,905 $ - $ 13,311 $ 374 $ 34,484 $ 5,482 $ - Contracts payable - - _ - - - - Deferred revenue - - - - - - - Due to other funds - - - - - - - Total liabilities 10,905 - 13,311 374 34,484 5,482 - Fund balances - unreserved: Designated - 500,000 485,000 - - - - Undesignated 297.859 862,902 2,702,407 - 238.156 12.153 77.075 Total fund balances (deficit) 297.859 1.362,902 3,187,407 - 238.156 12.153 77,075 $308,764 $1.362.902 $3.200.718 $ 374 $272.640 $17.635 $77,075 13. Schedule 1 Page 2 of 4 MOORPARK COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS June 30, 1989 Community Dev- Police Tierra Transportation elopment Block and Fire Landscape Rejada/ Development Grants to Facili- and Park Spring Act (Article 3) Small Cities tie Fee Lighting Maintenance Road Fund (15) Fund (17) Fund (20) Fund(23) Fund (25) AOC Fund (26) ASSETS Cash and short-term investments $ - $ 19,200 $844,836 $258,096 $ 8,098 $ - Accounts and interest receivable 6,750 17,601 - 15,159 860 146,944 Due from other funds - - - - - - $ 6,750 $ 36.801 $844.836 $273,255 $ 8.958 $146.944 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable and accrued liabilities $ 85 $ 5,780 $460,385 $ 38,845 $ - $ 170 Contracts payable - - - - - - Deferred revenue - 14,399 - - - - Due to other funds 12,163 16.622 - - - 117,251 Total liabilities 12,248 36,801 460,385 38,845 - 117,421 Fund balances - unreserved: Designated - - - - - - Undesignated ( 5,498) - 384,451 234.410 8.958 29,523 Total fund balances (deficit) ( 5.498) - 384,451 234.410 8.958 29.523 $ 6,750 $ 36.801 $844.836 $273.255 $ 8,958 $146.944 14. Schedule 1 Page 3 of 4 MOORPARK COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS June 30, 1989 Los Office of Los Casey/ Angeles Traffic Senior Angeles Gabbert Avenue Alter- and Safety Center Avenue Road nate Route Recreation Grant Bond Act AOC Fund (27) AOC Fund (28) Fund (29) Fund (33) Fund (34) Fund (35) ASSETS Cash and short-term investments $5,145,132 $ 5,969 $1,334,211 $32,830 $ - $ 64,337 Accounts and interest receivable 55,166 - 12,836 - 18,408 - Due from other funds 117,251 - - - - - $5.317.549 $ 5.969 $1.347.047 $32.830 $18.408 $ 64.337 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable and accrued liabilities $ 94,668 $ - $ - $12,593 $ - $ - Contracts payable - - - - - - Deferred revenue - - - - - - Due to other funds - - - - 18.408 77,776 Total liabilities 94,668 - - 12,593 18,408 77,776 Fund balances - unreserved: Designated - - - - - - Undesignated 5,222,881 5.969 1.347,047 20,237 - (13.439) Total fund balances (deficit) 5.222.881 5,969 1.347.047 20.237 - (13.439) $5.317.549 $ 5.969 $1,347.047 $32.830 $18.408 $ 64.337 15. Schedule 1 Page 4 of 4 MOORPARK COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS June 30, 1989 Bicycle 1984 Park Park Bond Commmunity Crossing Municipal and Bond Act Act Development Guard Pool Equestrian Totals Fund (37) Fund (38) Fund (41) Fund (43) Fund (45) Fund (47) June 30. 1989 June 30. 1988 ASSETS Cash and short-term investments $ - $ - $ 987,375 $ 87,488 $ 5,922 $ 19,005 $13,880,734 $12,399,465 Accounts and interest receivable 59,400 - - 1,060 - 217 506,274 520,982 Due from other funds - - 16.706 - - - 133.957 - $ 59.400 $ - $1,004.081 $ 88.548 $ 5.922 $ 19.222 $14.520.965 $12.920.447 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable and accrued liabilities $ - $ - $ 142,946 $ - $ - $ - $ 820,028 $ 1,584,304 Contracts payable - - - - - - - 255,365 Deferred revenue - - - - - - 14,399 19,286 Due to other funds - 603 - - - - 242.823 203.277 Total liabilities - 603 142,946 - - - 1,077,250 2,062,232 Fund balance unreserved: Designated - - - - - - 985,000 500,000 Undesignated 59,400 ( 603) 861,135 88,548 5.922 19,222 12.458.715 10.358,215 Total fund balances (deficit) 59,400 ( 603) 861,135 88.548 5,922 19.222 13.443,715 10,858,215 $ 59.400 $ - $1.004.081 $ 88.548 $ 5.922 $ 19.222 $14.520.965 512.920.447 16. Schedule 2 Page 1 of 4 MOORPARK COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL SPECIAL REVENUE FUNDS Year ended June 30, 1989 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) Revenues: Property taxes $ - $ - $ - $ - $ - $ - $ - Other taxes - 317,142 - - - - - Street improvement fees - - - - - - - Building and safety fees - - - - - - - Maintenance assessments - - - - - - - Subventions and grants - - - - 420,625 23,791 6,044 Planning and public works fees 1,515 - 30,042 - - - - Park development fees - - 126,769 - - - - Charges for current services - - 22,266 18,389 - - - Fines and forfeitures 101,221 - - - - - - Interest 33,875 87,140 319,457 1,988 6,748 1,092 5,560 Miscellaneous 1.374 - - 470 - - - Total revenues 137,985 404,282 498,534 20,847 427,373 24,883 11,604 Expenditures: Current: Public safety - - - - - - - ' Public services 69,088 - - - 128,080 23,791 - Parks and recreation - - - - - - - Capital outlay 36.014 397 117,735 - 174.925 - - Total expenditures 105.102 397 117.735 - 303.005 23.791 - Excess (deficiency) of revenues over expenditures 32,883 403,885 380,799 20,847 124,368 1,092 11,604 Operating transfer from (to) other funds - - - , (23,554) ( 2,856) ( 3,535) 6.391 Excess (deficiency) of revenues and net operating transfers over expenditures 32,883 403,885 380,799 ( 2,707) 121,512 ( 2,443) 17,995 Fund balances (deficit), beginning of year 264.976 959.017 2,806,608 2.707 116.644 14.596 59.080 Fund balances (deficit), end of year $297.859 $1.362.902 $ 3.187.407 1.-----= $ 238.156 $ 12.153 $77.075 17. Schedule 2 Page 2 of 4 MOORPARK COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL SPECIAL REVENUE FUNDS Year ended June 30, 1989 Community Dev- Tierra Transportation elopment Block Police Landscape Reiada/ Los Development Grants to & Fire and Park Spring Angeles Act (Article 3) Small Cities Facilities Lighting Maintenance Road Avenue Fund (15) Fund (17) Fee Fund (20) Fund(23) Fund (25) AOC Fund (26) AOC Fund (27) Revenues: Property taxes $ - $ - $ - $ - $ - $ - $ - Other taxes - - - - - - - Street improvement fees - - - - - - - Building and safety - - 384,451 - - - - Maintenance assessments - - - 363,675 881 250,809 674,719 Subventions and grants - 22,487 - - - - - Planning and public works fees - - - 55,891 - 2,535 137,902 Park development fees - - - - - - - Charges for current services - - - - - - - Fines and forfeitures - - - - - - - Interest - - - - - 35,091 556,390 Miscellaneous 11,067 - - 38,227 124,582 7.153 Total revenues 11,067 22,487 384,451 457,793 881 413,017 1,376,164 Expenditures: Current: Public safety - - - - - - - Public services - 22,487 - 273,713 - - -. Parks and recreation - - - - - - - Capital outlay 5,779 - - - ( 8.337) 922.296 226,877 Total expenditures 5.779 22,487 - 273.713 ( 8,337) 922.296 226,877 Excess (deficiency) of revenues over expenditures 5,288 - 384,451 184,080 9,218 ( 509,279) 1,149,287 Operating transfers from (to) other funds - - - - ( 260) - - Excess (deficiency) of revenues and net operating transfers over expenditures 5,288 - 384,451 184,080 8,958 ( 509,279) 1,149,287 Fund balances (deficit), beginning of year (10,786) - - 50,330 - 538.802 4.073.594 Fund balances (deficit), end of year $( 5.498) 1------z $ 3$4.451 $234.410 $ 8.95$ $ 29.523 $5.222.881 18. Schedule 2 Page 3 of 4 MOORPARK COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL SPECIAL REVENUE FUNDS Year ended June 30, 1989 Los Angeles Casey/ Avenue Gabbert Alternate Office of Senior Center Road AOC Route Recreation Traffic and Safety Bond Act Fund (28) Fund (29) Fund (33) Grant Fund (34) Fund (35) Revenues: Property taxes $ - $ - $ - $ - $ - Other taxes - - - - - Street improvement fees 4,000 - - - - Building and safety - - - - - Maintenance assessments - 154,932 - - - Subventions and grants - - - 25,441 - Planning and public works fees - 200,000 - - - Park development fees - - - - - Charges for current services - - 171,715 - - Fines and forfeitures - - - - - Interest - 129,448 - - - Miscellaneous - - - - - Total revenues 4,000 484,380 171,715 25,441 - Expenditures: Current: 25,441 Public safety - - - - Public services - - - - - Parks and recreation - - 159,887 - - Capital outlay - - _ - 7.123 Total expenditures - - 159.887 25,441 7.123 Excess (deficiency) of revenues over expenditures 4,000 484,380 11,828 - ( 7,123) Operating transfers from (to) other funds - - - - - Excess (deficiency) of revenues and net operating transfers over expenditures 4,000 484,380 11,828 - ( 7,123) Fund balances (deficit), beginning of year 1,969 862.067 8,409 - ( 6,316) Fund balances (deficit), end of year $5.969 $1.347,047 $ 20,237 E_____ $(13.439) 19. Schedule 2 Page 4 of 4 MOORPARK COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL SPECIAL REVENUE FUNDS Year ended June 30, 1989 Bicycle 1984 Park Park Bond Commmunity Crossing Municipal and Totals Bond Act Act Development Guard Pool Equestrian Year ended Year ended Fund (37) Fund (38) Fund (41) Fund (43) Fund (45) Fund (47) June 30. 1989 June 30, 1988 Revenues: Property taxes $ - $ - $ - $ - $ - $ - $ - $ 666 Other taxes - - - - - - 317,142 250,525 Street improvement fees - - - - - - 4,000 546,264 Building and safety fees - - 15,815 - - - 400,266 252,909 Maintenance assessments - - - - - - 1,445,016 357,283 Subventions and grants 59,400 - - - - - 557,788 504,429 Planning and public works fees - - 511,577 - - - 939,462 146,296 Park development fees - - - - - - 126,769 134,493 Charges for current services - - - - - • - 212,370 141,441 Fines and forfeitures - - - - - - 101,221 100,072 Interest - - - 10,634 - 2,254 1,189,677 833,636 Miscellaneous - - - - - - 182.873 8,900 Total revenues 59,400 - 527,392 10,634 - 2,254 5,476,584 3,276,914 Expenditures: Current: Public safety - - - - - - 25,441 62,386 Public services - - 668,283 6,691 - - 1,192,133 1,170,029 Parks and recreation - - - - - - 159,887 115,773 Capital outlay - - 12,922 - - - 1,495,731 4.143.351 Total expenditures - - 681,205 6.691 - - 2.873,192 5.491.539 Excess (deficiency) of revenues over expenditures 59,400 - ( 153,813) 3,943 - 2,254 2,603,392 (2,214,625) Operating transfers from (to) other funds - - - - 5,922 - ( 17.892) ( 21.369) Excess (deficiency) of revenues and net operating transfers over expenditures 59,400 - ( 153,813) 3,943 5,922 2,254 2,585,500 (2,235,994) Fund balances (deficit), beginning of year - ( 603) 1,014,948 84,605 - 16,968 10.858.215 13.094.209 Fund balances (deficit), end of year $ 59,400 $( 603) $ 861.135 $ 88.548 $ 5.922 $ 19.222 $ 13.443.715 $10.858.215 20. Schedule 3 Page 1 of 7 MOORPARK COMBINING STATEMENT OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL ALL SPECIAL REVENUE FUNDS Year ended June 30, 1989 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: Property taxes $ - $ - $ - $ - $ - $ - $ - $ - $ - Other taxes - - - 303,400 317,142 13,742 - - - Street improvement fees - - - - - - - - - Building and safety fees - - - - - - - - _ Maintenance assessments - - - - - - - - - Subventions and grants - - - - - - - - - Planning and public works - 1,515 1,515 - - - - 30,042 30,042 Park development fees - - - - - - 104,400 126,769 22,369 Charges for current services - - - - - - 14,200 22,266 8,066 Fines and forfeitures 94,000 101,221 7,221 - - - - - - Interest 14,000 33,875 19,875 50,000 87,140 37,140 120,000 319,457 199,457 Miscellaneous - 1.374 1,374 - - - - - - Total revenues 108,000 137,985 29,985 353,400 404,282 50,882 238,600 498,534 259,934 Expenditures: Current: Public safety _ - - - - - - - - Public services 74,997 69,088 5,909 - - - - - - Parks and recreation - - - - - - - - _ Capital outlay 50.000 36,014 13,986 14,450 397 14,053 1,742,170 117,735 1,624,435 Total expenditures 124,997 105.102 19.895 14.450 397 14.053 1,742,170 117,735 1,624,435 Excess (deficiency) of revenues over expenditures ( 16,997) 32,883 49,880 338,950 403,885 64,935 (1,503,570) 380,799 1,884,369 Operating transfers from (to) other funds - _ - - - - - Excess (deficiency) of revenues and net operating transfers over expenditures $( 16,997) $ 32.883 $ 49.880 $ 338,950 $403.885 $ 64.935 $(1,503,570) $ 380.799 $ 1.884.369 21. Schedule 3 Page 2 of 7 MOORPARK COMBINING STATEMENT OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL ALL SPECIAL REVENUE FUNDS Year ended June 30, 1989 Local Transportation - Local Transportation - Community Center Fund (07) Streets Fund (11) Transit Fund (12) State Transit Assistance Fund (13) Variance- Variance- Variance- Variance- favorable favorable favorable favorable (unfavor- (unfavor- (unfavor- (unfavor- Budget Actual able) Budget_ Actual able) Budget Actual able) Budget Actual able) Revenues: Property taxes $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Other taxes - - - - - - - - - - - - Street improvement fees - - - - - - - - - - - - Building and safety fees - - - - - - - - - - -, - Maintenance assessments - - - - - - - - - - - - Subventions and grants - - - 337,445 420,625 83,180 28,000 23,791 (4,209) - 6,044 6,044 Planning and public works - - - - - - - - - - - - Park development fees - - - - - - - - - - - - Charges for current services 25,000 18,389 ( 6,611) - - - - - - - - - Fines and forfeitures - - - - - - - - - - _ - Interest - 1,988 1,988 6,500 6,748 248 300 1,092 792 - 5,560 5,560 Miscellaneous - 470 470 - - - - - - - - - Total revenues 25,000 20,847 ( 4,153) 343,945 427,373 83,428 28,300 24,883 (3,417) - 11,604 11,604 Expenditures: Current: Public safety - - - - - - - - - - - - Public services - - - 175,640 128,080 47,560 28,000 23,791 4,209 20,093 - 20,093 Parks and recreation - - - - - _ - - _ - - _ Capital outlay - - - 407.779 174,925 232,854 - - - - - - Total expen- ditures - - - 583.419 303.005 280.414 28,000 23.791 4.209 20.093 - 20,093 Excess (deficiency) of revenues over expenditures 25,000 20,847 ( 4,153) (239,474) 124,368 363,842 300 1,092 792 (20,093) 11,604 31,697 Operating transfers from (to) other funds (25,000) (23,554) 1,446 - ( 2.856) ( 2,856) - ( 3,535) (3,535) - 6,391 6.391 Excess (deficiency) of revenues and net operating transfers over expenditures $ _ $( 2.707) $( 2.707) $(239.474) $ 121.512 $360.986 $ 300, $( 2.443) ;(2.743) ;(20.093) $17,995 $ 38.088 22. • Schedule 3 Page 3 of 7 MOORPARK COMBINING STATEMENT OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL ALL SPECIAL REVENUE FUNDS Year ended June 30, 1989 Community Development Transportation Development Block Grants to Police and Fire Landscape and Act (Article 3) Fund (15) Small Cities Fund (17) Facilities Fee Fund (20) Lighting Fund (23) Variance- Variance- Variance- Variance- favorable favorable favorable favorable (unfavor- (unfavor- (unfavor- (unfavor- Budget Actual able) Budget Actual able) Budget Actual able) Budget Actual able) Revenues: Property taxes $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Other taxes - - - - - - - - - - - - Street improvement fees - - - - - - - - - - - - Building and safety fees - - - - - - 115,475 384,451 268,976 - - - Maintenance assessments - - - - - - _ - - 338,600 363,675 25,075 Subventions and grants 100,498 - (100,498) 96,529 22,487 (74,042) - - - - - - Planning and public works - - - - - - - - - - 55,891 55,891 Park development fees - - - - - - - - - - - - Charges for current services - - - - - - - - - - - - Fines and forfeitures - - - - - - - - - - - - Interest - - - - _ _ - - _ - - Miscellaneous - 11.067 11.067 - - - - - - - 38,22738.'227 Total revenues 100,498 11,067 ( 89,431) 96,529 22,487 (74,042) 115,475 384,451 268,976 338,600 457,793 119,193 Expenditures: Current: Public safety - - - - - - - - - - - - Public services - - - 112,200 22,487 89,713 - - - 313,159 273,713 39,446 Parks and recreation - - - - - - - - - - - _ Capital outlay 100.498 5.779 94,719 - - - - - - - - - Total expen- ditures 100,498 5,779 94.719 112.200 22.487 89.713 - - - 313.159 273.713 39,446 Excess (deficiency) of revenues over expenditures - 5,288 5,288 ( 15,671) - 15,671 115,475 384,451 268,976 25,441 184,080 158,639 Operating transfers from (to) other funds - - - - - - - - - - - Excess (deficiency) of revenues and net operating transfers over expenditures $ - $ 5,288 $ 5.288 $( 15,671) $ - $ 15.671 $115,475 $384,451 $268,976 $ 25.441 $184.080 $158,639 23. Schedule 3 Page 4 of 7 MOORPARK COMBINING STATEMENT OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL ALL SPECIAL REVENUE FUNDS I Year ended June 30, 1989 Tierra Rejada/Spring Park Maintenance Fund (25) Road AOC Fund (26) Los Angeles Avenue AOC Fund (27) Variance- Variance- Variance- favorable favorable favorable (unfavor- (unfavor- (unfavor- Budget Actual able) Budget Actual able) Budget Actual able) Revenues: Property taxes $ - $ - $ - $ - $ - $ - $ - $ - $ - Other taxes - - - - - - - - - Street improvement fees - - - - - - - - - Building and safety fees - - - - - - - - - Maintenance assessments - 881 881 630,000 250,809 ( 379,191) 111,600 674,719 563,119 Subventions and grants - - - - - - - - - Planning and public works - - - - 2,535 2,535 - 137,902 137,902 Park development fees - - - - - - - - - Charges for current services - - - - - - - - - Fines and forfeitures - - - - - - - - - Interest - - - 15,000 35,091 20,091 180,000 556,390 376,390 Miscellaneous - - - - 124.582 124,582 - 7.153 7.153 Total revenues - 881 881 645,000 413,017 ( 231,983) 291,600 1,376,164 1,084,564 Expenditures: Current: Public safety - - - - - - - - - Public services - - - - - - - - - Parks and recreation - - - - - - - - - Capital outlay - (8,337) 8,337 1,986,071 922.296 1,063.775 2,130.100 226.877 1.903.223 Total expenditures - (8,337) 8,337 1,986,071 922.296 1.063.775 2.130.100 226.877 1.903,223 Excess (deficiency) of revenues over expenditures - 9,218 9,218 (1,341,071) (509,279) 831,792 (1,838,500) 1,149,287 2,987,787 Operating transfers from (to) other funds - ( 260) ( 260) - - - - - - Excess (deficiency) of revenues and net operating transfers over expenditures $ - $ 8.958 $ 8.958 $(1.341.071) $0509.279) $ 831.792 $(1.838.500) $1.149.287 $2.987.787 24. Schedule 3 Page 5 of 7 MOORPARK COMBINING STATEMENT OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL ALL SPECIAL REVENUE FUNDS Year ended June 30, 1989 I Casey/Gabbert Los Angeles Avenue Office of Traffic and Road ADC Fund (28) Alternate Route Fund (29) Recreation Fund (33) Safety Grant Fund (34) Variance- Variance- Variance- Variance- favorable favorable favorable favorable (unfavor- (unfavor- (unfavor- (unfavor- Budget Actual able) _ Budget Actual able) Budget Actual able) Budget Actual able) Revenues: Property taxes $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Other taxes - - - - - - - - - - - - Street improvement fees - 4,000 4,000 - - - - - - - - - Building and safety fees - - - - - - - - - - - - Maintenance assessments - - - 100,260 154,932 54,672 - - - - - - Subventions and grants - - - - - - - - - 32,692 25,441 (7,251) Planning and public works - - - - 200,000 200,000 - - - - - - Park development fees - - - - - - - - - - - - Charges for current services - - - - - - 156,400 171,715 15,315 - - - Fines and forfeitures - - - - - - - - - - - - Interest - - - 64,800 129,448 64,648 600 - ( 600) - - - Miscellaneous - - - - - - - - - - - - Total revenues - 4,000 4,000 165,060 484,380 319,320 157,000 171,715 14,715 32,692 25,441 (7,251) Expenditures: Current: Public safety - - - - - - - - - 32,692 25,441 7,251 Public services - - - - - - - - - - - - Parks and recreation - - - - - - 140,000 159,887 (19,887) - - - Capital outlay - - - - - - - - - - - - Total expenditures - - - - - - 140,000 159.887 (19.887) 32.692 25.441 7,251 Excess (deficiency) of revenues over expenditures - 4,000 4,000 165,060 484,380 319,320 17,000 11,828 ( 5,172) - - - Operating transfers from (to) other funds - - - - - - - - - - - Excess (deficiency) of revenues and net operating transfers over expenditures $ - $ 4.000 $ 4.000 $165.060 $484,380 $319.320 $ 17.000 $ 11.828, $( 5.172) $ - $ - $ 25. Schedule 3 Page 6 of 7 MOORPARK COMBINING STATEMENT OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL ALL SPECIAL REVENUE FUNDS Year ended June 30, 1989 I Senior Center Bond Act Fund (35) 1984 Park Bond Act (37) Park Bond Act Fund (38) Community Development Fund (41) Variance- Variance- Variance- Variance- favorable favorable favorable favorable (unfavor- (unfavor- (unfavor- (unfavor- Budget Actual able) Budget Actual able) Budget Actual able) Budget Actual able) Revenues: Property taxes $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Other taxes - - - - - - - - - - - - Street improvement fees - - - - - - - - - - - - Building and safety fees - - - - - - - - - 724,625 15,815 (708,810) Maintenance assessments - - - - - - - - - - - - Subventions and grants 125,000 - (125,000) 62,000 59,400 ( 2,600) - - - - - - Planning and public works - - - - - - - , - - 565,200 511,577 ( 53,623) Park development fees - - - - - - - - - - - - Charges for current services - - - - - - - - - - - - Fines and forfeitures - - - - - - - - - - - - Interest - - - - - - - - - - - - Miscellaneous - - - - - - - - - - - Total revenues 125,000 - (125,000) 62,000 59,400 ( 2,600) - - - 1,289,825 527,392 (762,433) Expenditures: Current: Public safety - - - - - - - - - - - - Public services - - - - - - - - - 1,362,591 668,283 694,308 Parks and recreation - - - - - - - - - - - - Capital outlay 125.000 7,123 117,877 62,000 - 62.000 8,980 - 8,980 21,105 12,922 8,183 Total expendi- tures 125,000 7,123 117,877 62,000 - 62.000 8.980 - 8.980 1,383,696 681.205 702,491 Excess (deficiency) of revenues over expendi- tures - (7,123) ( 7,123) - 59,400 59,400 ( 8,980) - 8,980 ( 93,871) (153,813) ( 59,942) Operating transfers from (to) other funds - - - - - - - - - - - - Excess (deficiency) of revenues and net operating transfers over expenditures $ - $(7.123) $( 7.123) $ - $59.400 $ 59.400 $( 8.980) $ - $ 8.980 $( 93.871) $(153.813) $( 59.942) 26. Schedule 3 Page 7 of 7 MOORPARK COMBINING STATEMENT OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL ALL SPECIAL REVENUE FUNDS Year ended June 30, 1989 1 Crossing Guard Fund (43) Municipal Pool Fund (45) Bicycle and Equestrian Fund (47) Totals Variance- Variance- Variance- Variance- favorable favorable favorable favorable (unfavor- (unfavor- (unfavor- (unfavor- Budget Actual able) Budget Actual able) Budget Actual able) RudFet Actual able) Revenues: Property taxes $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Other taxes - - - - - - - - - 303,400 317,142 13,742 Street improvement fees - - - - - - - - - - 4,000 4,000 Building and safety fees - - - - - - - - - 840,100 400,266 ( 439,834) Maintenance assessments - - - - - - - - - 1,180,460 1,445,016 264,556 Subventions and grants - - - - - - - - - 782,164 557,788 ( 224,376) Planning and public works - - - - - - - - - 565,200 939,462 374,262 Park development fees - - - - - - - - - 104,400 126,769 22,369 Charges for current services - - - - - - - - - 195,600 212,370 16,770 Fines and forfeitures- - - - - - - - - - 94,000 101,221 7,221 Interest 4,100 10,634 6,534 320 - ( 320) 1,000 2,254 1,254 456,620 1,189,677 733,057 Miscellaneous - - - - - - - - - 182,873 182,873 Total revenues 4,100 10,634 6,534 320 - ( 320) 1,000 2,254 1,254 4,521,944 5,476,584 954,640 Expenditures: •. Current: Public safety 8,040 6,691 1,349 - - - - - - 40,732 25,441 15,291 Public services - - - - - - - - - 2,086,680 1,192,133 894,547 Parks and recreation - - - - - - - - - 140,000 159,887 ( 19,887) Capital outlay - - - - - - - - - 6,648.153 1.495,731 5.152,422 Total expendi- tures 8,040 6.691 1.349 - - - - - - 8.915.565 2.873,192 6.042.373 Excess (deficiency) of revenues over expendi- tures ( 3,940) 3,943 7,883 320 - ( 320) 1,000 2,254 1,254 (4,393,621) 2,603,392 6,997,013 Operating transfers from (to) other funds - - - - 5.922 5.922 - - - ( 25.000) ( 17,892) 7,108 Excess (deficiency) of revenues and net operating transfers over expenditures $ (3.940)$ 3.943 $ 7.883 $ 320 $ 5.922 $ 5,602 $ 1.000 $ 2,254 $ 1.254 $(4.418.621) $ 2.585,500 $ 7.004.121 27. Schedule 4 MOORPARK COMBINING BALANCE SHEET ALL CAPITAL PROJECTS FUNDS June 30, 1989 Totals City Hall Building Fund Equipment Replacement Fund Redevelopment Agency Fund June 30, 1989 June 30, 1988 ASSETS Cash and short-term investments $ - $ 4 431 $ 6,389 $ 10,820 $314,799 Accounts and interest receivable 446 279 276 1,001 - Due from other funds 337 - 30,000 30,337 3,318 $ 783 $ 4.710 $ 36.665 $ 42.158 $318.117 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable and accrued liabilities $ - $ - $ 80,482 $ 80,482 $ 78,568 Contracts payable - - - - 38,109 Due to other funds - 85.000 85.000 55,000 Total liabilities - - 165,482 165,482 171,677 Fund balances (deficit) - unreserved 783 4,710 (128.817) (123.324) 146.440 $ 783 $ 4.710 $ 36.665 $ 42.158 $318,117 28. Schedule 5 MOORPARK COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL CAPITAL PROJECTS FUNDS Year ended June 30, 1989 Totals Redevelopment Year ended Year ended City Hall Building Fund Equipment Replacement Fund Agency Fund June 30, 1989 June 30, 1988 Revenues: Interest $4,505 $ 2,774 $ 2,353 $ 9,632 $ 33,339 Miscellaneous 150 - - 150 - Total revenues 4,655 2,774 2,353 9,782 33,339 Expenditures: Current: Public safety - - - - - Public services - - 115,880 115,880 16,681 Parks and recreation - - - - - Capital outlay 143.666 20,000 - 163,666 409,254 Total expenditures 143.666 20.000 115.880 279.546 425.935 Excess (deficiency) of revenues over expenditures (139,011) (17,226) (113,527) (269,764) (392,596) Operating transfers from other funds - - - - - Excess (deficiency) of revenues and net operating transfers over expenditures (139,011) (17,226) (113,527) (269,764) (392,596) Fund balances (deficit), beginning of year 139,794 21.936 ( 15,290) 146,440 539.036 Fund balances (deficit), end of year $ 783 $ 4.710 $(128.817) $(123.324) $ 146.440 29. Schedule 6 MOORPARK STATEMENT OF GENERAL FIXED ASSETS ACCOUNT GROUP June 30, 1989 Office Total furniture property Buildings Improvements other and Other and and structures than buildings equipment equipment equipment General government $ 571,679 $ 97,585 $254,630 $52,767 $ 976,661 Cultural and recreation: Resulting from transfer of property by the County of Ventura 690,000 - - - 690,000 Purchased - 524.058 - - 524.058 11.261.679 $621.643 $254.630 $52.767, $2.190.719 30.