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HomeMy WebLinkAboutACFR 1986 MOORPARK E"'frA.4. oataip� 1_�a ANNUAL FINANCIAL REPORT Year Ended June 30,1986 MOORPARK ANNUAL FINANCIAL REPORT June 30, 1986 TABLE OF CONTENTS Report of Certified Public Accountants 1 General Purpose Financial Statements at June 30, 1986 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 Combined Financial Statements 5 Schedule Additional Financial Information at June 30, 1986 and for the year then ended: Special Revenue Funds: Combining Balance Sheet 1 9 Combining Statement of Revenues, Expenditures and Changes in Fund Balances 2 11 Combining Statement of Revenues and Expenditures - Budget and Actual 3 13 General Property and Equipment Account Group: Statement of General Property and Equipment Account Group 4 18 Statement of Changes in General Property and Equipment Account Group 5 18 QVLI A MEMBER OF ARTHUR YOUNG INTERNATIONAL Arthur Young ARTHUR YOUNG & COMPANY 433 NORTH CAMDEN DRIVE BEVERLY HILLS, CALIFORNIA 90210 Honorable City Council Moorpark, California We have examined the combined financial statements of Moorpark at June 30, 1986 and for the year then ended, as listed in the accompanying table of contents. Our examination was made in accordance with generally accepted auditing standards and, accordingly, included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. Moorpark has not obtained appraised values for certain real property transferred from the County of Ventura during the year ended June 30, 1984. Accordingly, such property has not been recorded in the General Property and Equipment 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 Moorpark for the year ended June 30, 1986. In our opinion, the combined statements mentioned above present fairly the combined results of operations of Moorpark for the year ended June 30, 1986 and, except for the effects on the combined balance sheet of not recording certain real property as discussed in the preceding paragraph, the combined financial position of Moorpark at June 30, 1986, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year. Our examination was made for the purpose of forming an opinion on the basic combined 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 basic combined financial statements of Moorpark. Such additional financial information has been subjected to the auditing procedures applied in our examination of the combined 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 combined financial statements taken as a whole. Y7.714W- 51.4,47 / October 3, 1986 1. MOORPARK COMBINED BALANCE SHEET ALL FUND TYPES AND ACCOUNT GROUP June 30, 1986 Fiduciary Governmental Fund Types Fund Type Capital project funds General Special City Hall Equipment Property and General revenue Building Replacement Equipment Totals (memorandum only) ASSETS Fund funds Fund Fund Agency Fund Account Group June 30, 1986 June 30, 1985 Cash, including short-term interest- bearing investments of $9,953,541 ($5,700,000 at June 30, 1985) $1,399,751 $6,274,006 $445,409 $ - $1,881,519 $ - $10,000,685 $6,169,823 Accounts and interest receivable 123,452 407,094 2,871 - - - 533,417 238,353 Property and equipment (Note 4) : Community center building - - - - - 690,000 690,000 - Office furniture and equipment - - - - - 39,745 39,745 25,477 $1,523,203 $6,681,100 $448,280 $ - $1,881,519 $729,745 $11,263,847 $6,433,653 — LIABILITIES AND FUND EQUITIES Liabilities: Accounts payable and accrued liabilities $ 302,195 $ 348,586 $ 360 $ - $ - $ - $ 651,141 $ 547,782 Deposits, principally from developers - - - - 1,881,519 - 1,881,519 673,140 Deferred revenue - 370,000 - - - - 370,000 - Commitments and contingencies (Note 5) Fund equities: Investment in general property and equipment - - - - - 729,745 729,745 25,477 Fund balances available 1,221,008 5,962,514 447,920 - - - 7,631,442 5,187,254 Total fund balances/equities 1,221,008 5,962,514 447,920 - - 729,745 8,361,187 5,212,731 $1,523,203 $6,681,100 $448,280 $ - $1 881 519 „ $729,745 $11,263,847 $6,433,653 See accompanying notes to combined financial statements. 2. MOORPARK COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL GOVERNMENTAL FUND TYPES Year ended June 30, 1986 Governmental Fund Types Totals (memorandum only) Capital project funds Special City Hall Equipment General revenue Building Replacement Year ended Year ended Fund funds Fund Fund June 30, 1986 June 30, 1985 Revenues: Property taxes $ 562,664 $ - $ - $ - $ 562,664 $ 459,200 Sales taxes 391,643 - - - 391,643 267,826 Other taxes 30,167 286,611 - - 316,778 214,287 Motor vehicle license fees 401,690 - - - 401,690 311,034 Utility franchise fees 131,600 - - - 131,600 108,178 Street improvement fees - 543,925 - - 543,925 287,895 Building and safety fees 634,009 - - - 634,009 397,666 Planning and public works fees 239,305 - - - 239,305 66,923 Subventions and grants - 433,142 - - 433,142 293,345 Benefit assessments - 302,732 - - 302,732 182,055 Charges for current services 169,815 29,405 - - 199,220 167,272 Fines and forfeitures 6,936 90,156 - - 97,092 68,570 Interest 252,435 380,185 16,866 - 649,486 515,857 Total revenues 2,820,264 2,066,156 16,866 - 4,903,286 3,340,108 Expenditures: General government 338,684 - - - 338,684 298,330 Public safety 646,701 - - - 646,701 674,425 Public services 822,979 471,731 8,533 - 1,303,243 753,234 Parks and recreation 57,244 113,226 - _ - 170,470 85,464 Total expenditures 1,865,608 584,957 8,533 - 2,459,098 _ 1,811,453 Excess of revenues over expenditures 954,656 1,481,199 8,333 - 2,444,188 1,528,655 Operating transfers from (to) other funds ( 188,750) ( 36,000) 224,750 - - - Excess of revenues and net operating transfers over expenditures 765,906 1,445,199 233,083 - 2,444,188 1,528,655 Fund balances, beginning of year 455,102 4,517,315 214,837 - 5,187,254 3,658,599 Fund balances, end of year $ 1,221,008 $ 5,962,514 $447,920 $ $7,631,442 $5,187,254 See accompanying notes to combined financial statements. 3. MOORPARK COMBINED STATEMENT OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL (NOTE 2) GENERAL AND SPECIAL REVENUE FUNDS Year ended June 30, 1986 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 $ 349,780 $ 562,664 $ 212,884 $ - $ - $ - $ 349,780 $ 562,664 $ 212,884 Sales taxes 280,000 391,643 111,643 - - - 280,000 391,643 111,643 Other taxes 25,000 30,167 5,167 174,000 286,611 112,611 199,000 316,778 117,778 Motor vehicle license fees 327,600 401,690 74,090 - - - 327,600 401,690 74,090 Utility franchise fees 111,400 131,600 20,200 - - - 111,400 131,600 20,200 Street improvement fees - - - 854,000 543,925 ( 310,075) 854,000 543,925 ( 310,075) Building and safety fees 310,800 634,009 323,209 - - - 310,800 634,009 323,209 Planning and public works fees 342,600 239,305 ( 103,295) - - - 342,600 239,305 ( 103,295) Subventions and grants - - - 357,000 433,142 76,142 357,000 433,142 76,142 Benefit assessments - - - 557,100 302,732 ( 254,368) 557,100 302,732 ( 254,368) Charges for current services 5,900 169,815 163,915 28,000 29,405 1,405 33,900 199,220 165,320 Fines and forfeitures 2,300 6,936 4,636 30,000 90,156 60,156 32,300 97,092 64,792 Interest 40,000 252,435 212,435 240,600 380,185 139,585 280,600 632,620 352,020 Total revenues 1,795,380 2,820,264 1,024,884 2,240,700 2,066,156 ( 174,544) 4,036,080 4,886,420 850,340 Expenditures: General government 294,091 338,684 ( 44,593) - - - 294,091 338,684 ( 44,593) Public safety 673,592 646,701 26,891 - - - 673,592 646,701 26,891 Public services 680,274 822,979 ( 142,705) 1,391,677 471,731 919,946 2,071,951 1,294,710 777,241 Park and recreation 57,865 57,244 621 241,395 113,226 128,169 299,260 170,470 128,790 Total expenditures 1,705,822 1,865,608 ( 159,786) 1,633,072 584,957 1,048,115 3,338,894 2,450,565 888,329 Excess of revenues over expenditures 89,558 954,656 865,098 607,628 1,481,199 873,571 697,186 2,435,855 1,738,669 Operating transfers from (to) other funds ( 45,000) ( 188,750) ( 143,750) ( 36,000) ( 36,000) - ( 81,000) ( 224,750) ( 143,750) Excess of revenues and net operating transfers over expenditures $ 44,558 $ 765,906 $ 721,348 $ 571,628 $ 1,445,199 $ 873,571 $ 616,186 $ 2,211,105 $ 1,594,919 See accompanying notes to combined financial statements. 4. MOORPARK NOTES TO COMBINED FINANCIAL STATEMENTS June 30, 1986 1. Summary of significant accounting policies Basis of accounting Fund types and account group Governmental fund types use a modified accrual basis of The City accounts for its financial position and operations accounting. Revenues are recognized when available and measur- able. Revenues which are accrued include property taxes, sales in accordance with generally accepted accounting principles taxes collected by the State on behalf of the City prior to year applicable to governmental units. Accordingly, the City uses end, interest and certain other taxes. Revenues which are not several funds and an account group described below. considered susceptible to accrual include motor vehicle license A fund or account group is an accounting entity with a self- fees, certain other licenses and fees, fines, forfeitures and balancing set of accounts established to record the financial penalties. Expenditures are recorded when the liability is position and results of operations of a specific governmental incurred. activity. The City maintains the following fund types and account Property taxes group: The duties of assessing and collecting property taxes are Governmental fund types, which include the General Fund, performed by the Ventura County Assessor and Tax Collector. The special revenue funds and capital projects funds, are used City receives an allocation of property taxes collected by the to record the general operations of the government; County with respect to property located within the City limits. Fiduciary fund types (Agency Fund), which is used to account Tax levies cover the period from July 1 to June 30 of each year. for assets held by the City as an agent for individuals, All tax liens attach annually on the first day in March preceding organizations and other funds. Agency funds are custodial the fiscal year for which the taxes are levied. Taxes are levied in nature (assets equal liabilities) and do not involve on both real and personal property as it exists on that date. measurement of operations; Secured property taxes are levied against real property and General Property and Equipment Account Group, which is used are due and payable in two equal installments. The first to account for property and equipment purchased or received installment is due on November 1 and becomes delinquent if not by the governmental fund types. paid by December 10. The second installment is due on February 1 The combined financial statements include total columns and becomes delinquent if not paid by April 10. Unsecured which aggregate the financial statements of the various fund types personal property taxes are due on July 1 each year. These taxes and account group. The columns are designated "memorandum only" become delinquent if not paid by August 31. because the totals are not comparable to a consolidation in that interfund transactions are not eliminated. Comparative informa- tion presented for 1985 contains certain reclassifications to conform to the 1986 presentation. 5. MOORPARK NOTES TO COMBINED FINANCIAL STATEMENTS June 30, 1986 1. Summary of significant accounting policies (Cont'd.) accordingly, it had not been recorded in the General Property and Property taxes (Cont'd.) Equipment Account Group. An appraised value, as of the date the property was transferred, was obtained during the year ended June The City records property tax revenues in the fiscal year to 30, 1986 for the community center building; consequently, the which they relate rather than at the related lien date. Delin- building was recorded in the General Property and Equipment quent property taxes at year end (June 30) are reserved to the Account Group during the year ended June 30, 1986. It is the extent they are deemed to be uncollectible within 60 days City's intent to obtain appraisals for the other property thereafter, if any. transferred, as of the transfer date, and record such property in Cash and investments the General Property and Equipment Account Group during the year Short-term interest-bearing investments consist of time ending June 30, 1987. certificates of deposit ($4,953,541) and pooled investment funds Deposits with the State of California ($5,000,000), and are stated at cost, Deposits principally consist of amounts collected from which approximates market value. Investment income is allocated developers for services to be rendered by the City, including to the various funds based upon the funds' average cash and engineering plan checks and inspections and planning review investment balances when required by grant terms or State law and services. The City will recognize the appropriate amounts as pursuant to City policy. Interest earned on all other funds' cash revenue when the services are performed and the corresponding and investments is allocated to the General Fund. expenditures are incurred. Property and equipment Acquisitions of property and equipment are recorded as 2. Budgetary information expenditures in governmental fund types at the time of purchase. The City Council adopts a formal budget at the beginning of These assets, when over $500 each, are capitalized at cost in the the City's fiscal year providing for operations and capital General Property and Equipment Account Group. Expenditures for expenditures of the City's General Fund and special revenue infrastructure (roads, curbs, sidewalks, etc.) normally are not funds. Budgetary controls and the levying of taxes are set by the capitalized as such assets are immovable and generally of value City Council within state limitations. The budgetary basis of only to the City. No depreciation is provided for assets accounting is consistent with generally accepted accounting capitalized in the General Property and Equipment Account Group. principles applicable to the City's financial statements. During the year ended June 30, 1984, the County of Ventura transferred certain real property to the City. In prior years, the City had not obtained appraised values for this real property; 6. MOORPARK NOTES TO COMBINED FINANCIAL STATEMENTS June 30, 1986 2. Budgetary information (Cont'd.) The assumed rate of return used in determining the actuarial The Council is authorized to make and has made appropriation present value of accumulated plan benefits was 8.5% for the July adjustments to the budget duringthe 1, 1985 valuation. J g year as deemed necessary. Such adjustments are included in the budget amounts in the accompanying combined financial statements. Appropriations lapse 4. General property and equipment at year-end. A summary of changes in the General Property and Equipment Account Group for the year ended June 30, 1986 follows: 3. Retirement plan Balance, Balance, Substantially all City employees are members of the Public June 30, June 30, 1985 Additions Disposals 1986 Employees' Retirement System (PERS), a multiemployer retirement plan administered by the State of California. Contributions are Community center building $ - $690,000 $ - $690,000 made to PERS by both the City and its employees. The City's gross contribution to PERS for the year ended June 30, 1986 was $31,235 Office furniture and equipment 25,477 14,268 39,745 ($28,718 in 1985) and was based upon 8.68% (9.4% in 1985) of $25,477 $704,268 $ - $729,745 regular base payroll of covered employees, as specified by PERS. — -- It is the City's policy to fund current retirement costs as 5. Commitments and contingencies accrued. Based on current contribution rates, all unfunded Commitments actuarial liabilities will be funded by 2011. PERS does not compute separate values of vested and nonvested benefits. The City has contracted with the County of Ventura for Therefore, the accumulated plan benefit information presented various services, principally law enforcement. These contracts includes both the vested and nonvested portions. A comparison of are cancellable by the City or the County on May 31 of each year the City's approximate portion of accumulated plan benefits and after thirty days' notice has been given, and are renegotiated plan net assets based on the most current information provided by annually. The aggregate contractual commitments total PERS (July 1, 1985) is presented below (unaudited): approximately $623,000 for the year ending June 30, 1987. Actuarial liability for accumulated plan benefits $262,864 Net assets available for benefits $ 31,909 7. MOORPARK NOTES TO COMBINED FINANCIAL STATEMENTS June 30, 1986 5. Commitments and contingencies (Cont'd.) These bonds are secured by a letter of credit issued by Contingencies Citibank, N.A. , dated December 23, 1985. The program is administered by the Trustee, Security Pacific National Bank. There are certain legal actions pending against the City which management considers incident to normal operations, some of The City Council, serving as the Industrial Development which seek substantial monetary damages. In the opinion of Authority of the City of Moorpark, issued $9,300,000 of Industrial management, after consultation with counsel, the ultimate Revenue Bonds during the year ended June 30, 1986. The bonds were resolution of such actions is not expected to have a significant issued to finance the development and construction of manufactur- effect on the financial position or the results of operations of ing facilities for the Kavlico Corporation. These bonds are the City. 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.6. Single family residential mortgage revenue bond program The City sponsored a revenue bond program during the year The bonds described above are not indebtedness of the City, ended June 30, 1985 under which $20,000,000 of Single Family and there exists no legal or moral obligation on the part of the Residential Mortgage Revenue Bonds were issued. The single family City to make payments on such bonds from any source other than the mortgage program is designed to provide funds to acquire mortgage revenues and assets pledged therefor. The programs are completely loans on single family residence located in the City. These bonds administered by the Trustees without any involvement by the are secured by a pledge of all loans receivable advanced from the City. Accordingly, these programs and the bonds issued thereunder bond proceeds by the Trustee, First Interstate Bank of California, have been excluded from the accompanying combined financial and are serviced from payments on the loans to the Trustee. statements. The City sponsored a revenue bond program during the year ended June 30, 1986, under which $22,600,000 of Multi-Family Housing Revenue Bonds were issued. The program is designed to assist in making low and moderate cost rental housing available in the City. The City is guaranteed that 10% of the units of the project financed with the bonds are made available to persons and families with incomes not exceeding 80% of the County median income and another 10% of the units for persons and families with income not exceeding 50% of the County median income. The units are available under this program for a thirty year period. 8. ADDITIONAL INFORMATION lule 1 Page i of 2 MOORPARK COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS June 30, 1986 Federal Local State Transportation Traffic Revenue Park Transportation - Transit Development Safety State Gas Sharing Development Streets Assistance Act (Art. 3) Fund Tax Fund Fund Fund Fund Fund Fund ASSETS Cash in City treasury $123,350 $608,618 $44,375 $1,000,815 $141,968 $ - $5,220 Accounts and interest receivable 18,490 24,012 14,230 12,719 231,983 56,997 - $141,840 $632,630 $58,605 $1,013,534 $373,951 $56,997 $5,220 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable and accrued liabilities $ 2,045 $ 5,098 $ 2,972 $ 5,616 $ 11,379 $ - $5,220 Deferred revenues - - - - - - Total current liabilities 2,045 5,098 2,972 5,616 11,379 - 5,220 Fund balances available (deficit) 139,795 627,532 55,633 1,007,918 362,572 56,997 $141,840 $632,630 $58,605 $1,013,534 $373,951 $56,997 $5,220 9. dule 1 2 of 2 MOORPARK COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS June 30, 1966 Community Tierra Police Totals Development Rejada/ Los Casey/ and Fire Year Year Block Grants Street Park Moorpark Angeles Gabbert Facili- ended ended to Small Lighting Mainte- Road Avenue Road ties Fee June 30, June 30, Cities Fund Fund nance Fund AOC Fund AOC Fund AOC Fund Fund 1986 1985 ASSETS Cash in City treasury $370,000 $156,980 $58,725 $1,222,816 $2,237,596 $35,156 $268,387 $6,274,006 $4,567,217 Accounts and interest receivable - - 7,425 13,536 27,260 442 - 407,094 176,876 $370,000 $156,980 $66,150 $1,236,352 $2,264,856 $35,598 $268,387 $6,681,100 $4,744,093 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable and accrued liabilities $ - $ 19,336 $14,758 $ 3,014 $ 10,761 $ - $268,387 $ 348,586 $ 226,778 Deferred revenues 370,000 - - - - - - 370,000 - Total liabilities 370,000 19,336 14,758 3,014 10,761 - 268,387 718,586 226,778 Fund balances available (deficit) - 137,644 51,392 1,233,338 2,254,095 35,598 - 5,962,514 4,517,315 $370,000 $156,980 $66,150 $1,236,352 $2,264,856 $35,598 $268,387 $6,681,100 $4,744,093 10. Rile 2 of 2 MOORPARK COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL SPECIAL REVENUE FUNDS Year ended June 30, 1986 Transpor- Local tation Federal Transpor- State Develop- Traffic Revenue Park tation - Transit ment Act Safety State Gas Sharing Develop- Streets Assis- (Art. 3) Fund Tax Fund Fund ment Fund Fund tance Fund Fund Revenues: Taxes other than property taxes $ - $286,611 $ - $ - $ - $ - $ - Street improvement fees - - - - - - - Benefit assessments - - - - - - Subventions and grants - 2,106 51,715 - 244,803 56,997 77,521 Charges for current services - - - 9,250 - - - Fines and forfeitures 90,156 - - - - - _ Interest 6,746 35,740 5,254 74,727 15,439 - - Total revenues 96,902 324,457 56,969 83,977 260,242 56,997 77,521 Expenditures: Public services 13,084 72,735 29,160 - 92,888 5,194 77,521 Parks and recreation - - - 27,070 - - - Total expenditures 13,084 72,735 29,160 27,070 92,888 5,194 77,521 Excess (deficiency) of revenues over expenditures 83,818 251,722 27,809 56,907 167,354 51,803 - Operating transfer from (to) other funds - - (36,000) - - - - Excess (deficiency) of revenues and net operating transfers over expenditures 83,818 251,722 ( 8,191) 56,907 167,354 51,803 - Residual equity transfers from other funds - - - - - - - Fund balances (deficit), beginning of year 55,977 375,810 63,824 951,011 195,218 - - Fund balances (deficit), end of year $139,795 $627,532 $ 55,633 $1,007,918 $362,572 $56,997 $ - 11. Rule 2 I 2 of 2 MOORPARK COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL SPECIAL REVENUE FUNDS Year ended June 30, 1986 Landscaping Landscaping Tierra Totals and and Rejada/ Los Casey/ Year Year Lighting Lighting Street Park Moorpark Angeles Gabbert ended ended District District Lighting Mainte- Road Avenue Road June 30, June 30, 83 Fund 84 Fund Fund nance Fund AOC Fund AOC Fund AOC Fund 1986 1985 Revenues: Taxes other than property taxes $ - $ - $ - $ - $ - $ - $ - $ 286,611 $ 180,576 Street improvement fees - - - - 328,920 214,530 475 543,925 287,895 Benefit assessments - - 209,447 93,285 - - - 302,732 162,055 Subventions and grants - - - - - - - 433,142 293,345 Charges for current services - - - 20,155 - - - 29,405 25,284 Fines and forfeitures - - - - - - - 90,156 51,180 Interest - - - - 79,527 160,157 2,595 380,185 406,097 Total revenues - - 209,447 113,440 408,447 374,687 3,070 2,066,156 1,426,432 Expenditures: Public services - - 111,664 - 18,537 50,948 - 471,731 259,778 Parks and recreation - - - 86,156 - - - 113,226 69,015 Total expenditures - - 111,664 86,156 18,537 50,948 - 584,957 328,793 Excess (deficiency) of revenues over expenditures - - 97,783 27,284 389,910 323,739 3,070 1,481,199 1,097,639 Operating transfers from (to) other funds (36,353) (32,352) 32,352 36,353 - - - ( 36,000) - Excess (deficiency) of revenues and net operating transfers over expenditures (36,353) (32,352) 130,135 63,637 389,910 323,739 3,070 1,445,199 1,097,639 Residual equity transfers from other funds - - - - - - - - 28,998 Fund balances (deficit), beginning of year 36,353 32,352 7,509 (12,245) 843,428 1,930,356 32,528 4,517,315 3,390,678 Fund balances (deficit), end of year $ - $ - $137,644 $ 51,392 $1,233,338 $2,254,095 $35,598 $ 5,962,514 $4,517,315 12. Sch .e 3 Page 1 of 5 MOORPARK COMBINING STATEMENT OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL ALL SPECIAL REVENUE FUNDS Year ended June 30, 1986 Traffic Safety Fund State Gas Tax Fund Federal Revenue Sharing Fund Park Development Fund 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: Taxes other than property taxes $ - $ - $ - $174,000 $286,611 $112,611 $ - $ - $ - $ - $ - $ - Street improvement fees - - - - - - - - _ - - - Benefit assessments - - - - - - - - - 250,000 - (250,000) Subventions and grants - - - - 2,106 2,106 35,000 51,715 16,715 - - - Charges for current services - - - - - - - - 9,900 9,250 ( 650) Fines and forfeitures 30,000 90,156 60,156 - - - - - - - - - Interest 1,800 6,746 4,946 16,000 35,740 19,740 2,400 5,254 2,854 80,000 74,727 ( 5,273) Total revenues 31,800 96,902 65,102 190,000 324,457 134,457 37,400 56,969 19,569 339,900 83,977 (255,923) Expenditures: Public services 16,000 13,084 2,916 115,894 72,735 43,159 54,000 29,160 24,840 - - - Parks and recreation - - - - - - 9,900 - 9,900 111,250 27,070 84,180 Total expendi- tures 16,000 13,084 2,916 115,894 72,735 43,159 63,900 29,160 34,740 111,250 27,070 84,180 Excess (deficiency) of revenues over expendi- tures 15,800 83,818 68,018 74,106 251,722 177,616 (26,500) 27,809 54,309 228,650 56,907 (171,743) Operating transfers from (to) other funds - - - - - - 36,000) (36,000) - - - - Excess (deficiency) of revenues and net operating transfers over expenditures $15,800 $83,818 $68,018 $ 74,106 $251,722 $177,616 $(62,500) $( 8,191) $54,309 $228,650 $56,907 $(171,743) 13. edule 3 2 of 5 MOORPARK COMBINING STATEMENT OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL ALL SPECIAL REVENUE FUNDS Year ended June 30, 1986 Local Transportation Community Center Fund - Streets Fund State Transit Assistance Fund Variance- Variance- - Variance- favorable favorable favorable (unfavor- (unfavor- (unfavor- Budget Actual able) Budget Actual able) Budget Actual able) Revenues: Taxes other than property taxes $ - $ - $ - $ - $ - $ - $ - $ - $ - Street improvement fees - - - - - - - - - Benefit assessments - - - - - - - - - Subventions and grants - - - 205,000 244,803 39,803 22,000 56,997 34,997 Charges for current services 18,100 - (18,100) - - - - - - Fines and forfeitures - - - - - - - - - Interest - - - 10,000 15,439 5,439 - - - Total revenues 18,100 - (18,100) 215,000 260,242 45,242 22,000 56,997 34,997 Expenditures: Public services 18,100 - 18,100 397,683 92,888 304,795 30,000 5,194 24,806 Parks and recreation - - - - - - - - Total expenditures 18,100 - 18,100 397,683 92,888 304,795 30,000 5,194 24,806 Excess (deficiency) of revenues over expenditures - - - (182,683) 167,354 350,037 ( 8,000) 51,803 59,803 Operating transfers from (to) other funds - - - - - - - - - Excess (deficiency) of revenues and net operating transfers over expenditures $ - $ - $ - $(182,683) $167,354 $350,037 $( 8,000) $51,803 $59,803 14. Schedule 3 Page 3 of 5 MOORPARK COMBINING STATEMENT OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL ALL SPECIAL REVENUE FUNDS Year ended June 30, 1986 Transportation Development Landscaping and Lighting Landscaping and Lighting Act (Art. 3) Fund District 83 Funding District 84 Funding Variance- Variance- favorable favorable favorable (unfavor- (unfavor- (unfavor- Budget Actual able) Budget Actual able) Budget Actual able) Revenues: Taxes other than property taxes $ - $ - $ - $ - $ - $ - $ - $ - $ - Street improvement fees - - - - - - - - - Benefit assessments - - - - - - - - - Subventions and grants 95,000 77,521 (17,479) - - - - - - Charges for current services - - - - - - - - - Fines and forfeitures - - - - - - - - - Interest - - - - - - - - - Total revenues 95,000 77,521 (17,479) - - - - - - Expenditures: Public services 95,000 77,521 17,479 - - - - - - Parks and recreation - - - - _ - - - - - Total expenditures 95,000 77,521 17,479 - - - - - Excess (deficiency) of revenues over expenditures - - - - - - - - - Operating transfers from (to) other funds - - - - (36,353) (36,353) - (32,352) (32,352) Excess (deficiency) of revenues and net operating transfers over expenditures $ - $ - $ - $ - $(36,353) $(36,353) $ - $(32,352) $(32,352) 15. S( 1e 3 Pa, , of 5 MOORPARK COMBINING STATEMENT OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL ALL SPECIAL REVENUE FUNDS Year ended June 30, 1986 Tierra Reseda/Moorpark Street Lighting Fund Park Maintenance Fund Road AOC Fund Los Angeles Avenue AOC Fund 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: Taxes other than property taxes $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Street improvement fees - - - - - - 444,000 328,920 (115,080) 410,000 214,530 (195,470) Benefit assessments 215,000 209,447 ( 5,553) 92,100 93,285 1,185 - - - - - - Subventions and grants - - - - - - - - - - - - Charges for current services - - - - 20,155 20,155 - - - - - - Fines and forfeitures - - - - - - - - - - - - Interest - - - - - - 48,000 79,527 31,527 80,000 160,157 80,157 Total revenues 215,000 209,447 ( 5,553) 92,100 113,440 21,340 492,000 408,447 ( 83,553) 490,000 374,687 (115,313) Expenditures: Public services 215,000 111,664 103,336 - - - - 18,537 ( 18,537) 450,000 50,948 399,052 Parks and recreation - - - 120,245 86,156 34,089 - - - - - Total expendi- tures 215,000 111,664 103,336 120,245 86,156 34,089 - 18,537 ( 18,537) 450,000 50,948 399,052 Excess (deficiency) of revenues over expendi- tures - 97,783 97,783 ( 28,145) 27,284 55,429 492,000 389,910 (102,090) 40,000 323,739 283,739 Operating transfers from (to) other funds - 32,352 32,352 - 36,353 36,353 - - - - - - Excess (deficiency) of revenues and net operating transfers over expenditures $ - $130,135 $ 130,135 $( 28,145) $ 63,637 $91,782 $492,000 $389,910 $(102,090) $ 40,000 $323,739 $ 283,739 16. Sche 3 Page _ __ 3 MOORPARK COMBINING STATEMENT OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL ALL SPECIAL REVENUE FUNDS Year ended June 30, 1986 Casey/Gabbert Road AOC Fund Total Variance- Variance- favorable favorable (unfavor- (unfavor- Budget Actual able) Budget Actual able) Revenues: Taxes other than property taxes $ - $ - $ - $ 174,000 $ 286,611 $ 112,611 Street improvement fees - 475 475 854,000 543,925 ( 310,075) Benefit assessments - - - 557,100 302,732 ( 254,368) Subventions and grants - - - 357,000 433,142 446,142 Charges for current services - - - 28,000 29,405 1,405 Fines and forfeitures - - - 30,000 90,156 60,156 Interest 2,400 2,595 195 240,600 380,185 139,585 Total revenues 2,400 3,070 670 2,240,700 2,066,156 ( 175,456) Expenditures: Public services - - - 1,391,677 471,731 919,946 Parks and recreations - - - 241,395 113,226 128,169 Total expenditures - - - 1,633,072 584,957 1,048,115 Excess (deficiency) of revenues over expenditures 2,400 3,070 670 607,628 1,481,199 1,873,571 Operating transfers from (to) other funds - - - ( 36,000) ( 36,000) - Excess (deficiency) of revenues and net operating transfers over expenditures $2,400 $3,070 $670 $ 571,628 $ 1,445,199 $ 1,873,571 17. Schedule 4 Schedule 5 MOORPARK MOORPARK STATEMENT OF GENERAL PROPERTY AND EQUIPMENT ACCOUNT GROUP STATEMENT OF CHANGES IN GENERAL PROPERTY AND EQUIPMENT ACCOUNT GROUP June 30, 1986 Year ended June 30, 1986 Office Total Office Total Community furniture property Community furniture property center and and center and and building equipment equipment building equipment equipment General government (resulting Balances, June 30, 1985 $ - $25,477 $ 25,477 from expenditures of the General Fund) $ - $39,745 $ 39,745 Cultural and recreation Additions: (resulting from transfer Expenditures of the of property by the County General Fund - 14,268 14,268 of Ventura) 690,000 - 690,000 Other 690,000 - 690,000 $690,000 $39,745 $729,745 Balances, June 30, 1986 $690,000 $39,745 $729,745 18.