Loading...
HomeMy WebLinkAboutACFR 1985 MOORPARK a ANNUAL FINANCIAL REPORT Year ended June 30, 1985 MOORPARK ANNUAL FINANCIAL REPORT June 30, 1985 TABLE OF CONTENTS FINANCIAL SECTION Page Report of Certified Public Accountants 1 General Purpose Financial Statements: Combined Balance Sheet - All Fund Types and Account Groups 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 5-8 Schedule Additional Financial Information: 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 QL-1 A MEMBER OF ARTHUR YOUNG INTERNATIONAL L R 1J 11 U1112 u V©I IKa 433 North Camden Drive �uBeverly Hills,California 90210 Honorable City Council Moorpark, California We have examined the combined financial statements of Moorpark at June 30, 1985 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, 1985. In our opinion, the combined financial statements mentioned above present fairly the combined results of operations of Moorpark for the year ended June 30, 1985 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, 1985, in conformity with generally accepted accounting princi- ples applied on a basis consistent with that of the preceding year. Our examination was made for the purpose of forming an opinion on the combined 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 addi- tional analysis and are not a required part of the 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, is fairly stated in all material respects in relation to the combined financial statements taken as a whole. November 1, 1985 1. MOORPARK COMBINED BALANCE SHEET ALL FUND TYPES AND ACCOUNT GROUPS June 30, 1985 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, 1985 June 30, 1984 Cash, including short-term interest- bearing securities of $5,700,000 ($3,426,829 at June 30, 1984) $715,799 $4,567,217 $213,667 $ - $673,140 $ - $6,169,823 $3,430,066 Accounts and interest receivable 60,307 176,876 1,170 - - - 238,353 253,427 Office furniture and equipment, at cost - - - - - 25,477 25,477 3,673 $776,106 $4,744093 $214,837 $_, 7 $673,140 $25,477 $6,433,653 %_3.687,166 LIABILITIES AND FUND EQUITIES Liabilities: Accounts payable and accrued liabilities $321,004 $ 226,778 $ - $ - $ - $ - $ 547,782 $ 24,894 Deposits, principally from developers - - - - 673,140 - 673,140 - Commitments and contingencies (Note 5) Fund equities: Investment in general property and equipment - - - - - 25,477 25,477 3,673 Fund balances available 455,102 4,517,315 214,837 - - - 5,187,254 3,658,599 Total fund balances/equities 455,102 4,517,315 214,837 - - 25,477 5,212,731 3,662,272 776,106 ;4,744,093 $214,837 $_. - $673.140 $25,477 $6.433,653 $3.687,166 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, 1985 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, 1985 June 30, 1984 Revenues: Property taxes $ 353,367' $ - $ - $ - $ 353,367 $ - Real property transfer tax 105,833, - - - 105,833 - Sales taxes 267,826, - - - 267,826 97,893 Other taxes 33,711' 180,576 - - 214,287 214,944 Motor vehicle license fees 311,034' - - - 311,034 271,043 Utility franchise fees 108,178 - - - 108,178 40,414 Street improvement fees - 287,895 - - 287,895 488,356 Building and safety fees 397,666 - - - 397,666 3,452 Planning and public works fees 66,923 - - - 66,923 - Subventions and grants - 293,345 - - 293,345 - Benefit assessments - 182,055 - - 182,055 - Charges for current services 135,088 25,284 - - 160,372 - Fines and forfeitures 17,390 51,180 - - 68,570 14,431 Interest 109,760 406,097 - - 515,857 103,070 Other 2,063 - 4,837 - 6,900 5,983 Total revenues 1,908,839 1,426,432 4,837 - 3,340,108 1,239,586 Expenditures: General government 298,330 - - - 298,330 177,900 Public safety 674,425 - - - 674,425 - Public services 493,456 259,778 - - 753,234 - Parks and recreation 16,449 69,015 - - 85,464 - Total expenditures 1,482,660 328,793 - - 1,811,453 177,900 Excess of revenues over expenditures 426,179 1,097,639 4,837 - 1,528,655 1,061,686 Residual equity transfers (to) from other funds (Note 2) ( 193,998) 28,998 165,000 - - - Residual equity transfers from the County of Ventura of park development and street improvement monies collected prior to the City's incorporation (Note 2) - - - - - 2,596,913 Fund balances, beginning of year 222,921 3,390,678 45,000 - 3,658,599 - Fund balances, end of year 455.102 $4,517,315 $214,837 $ - $5,187,254 $3,658,599 See accompanying notes to combined financial statements. 3. MOORPARK COMBINED STATEMENT OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL GENERAL AND SPECIAL REVENUE FUNDS Year ended June 30, 1985 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 $ 254,000 $ 353,367 $ 99,367 $ - $ - $ - $ 254,000 $ 353,367 $ 99,367 Real property transfer tax - 105,833 105,833 - - - - 105,833 105,833 Sales taxes 151,200 267,826 116,626 - - - 151,200 267,826 116,626 Other taxes 37,704 33,711 ( 3,993) 170,609 180,576 9,967 208,313 214,287 5,974 Motor vehicle license fees 311,595 311,034 ( 561) - - - 311,595 311,034 ( 561) Utility franchise fees 50,350 108,178 57,828 - - - 50,350 108,178 57,828 Street improvement fees - - - - 287,895 287,895 - 287,895 287,895 Building and safety fees 522,025 397,666 (124,359) - - - 522,025 397,666 ( 124,359) Planning and public works fees 86,245 66,923 ( 19,322) - - - 86,245 66,923 ( 19,322) Subventions and grants - - - 410,461 293,345 ( 117,116) 410,461 293,345 ( 117,116) Benefit assessments - - - 104,000 182,055 78,055 104,000 182,055 78,055 Charges for current services 1,025 135,088 134,063 24,035 25,284 1,249 25,060 160,372 135,312 Fines and forfeitures 1,250 17,390 16,140 20,000 51,180 31,180 21,250 68,570 47,320 Interest 2,500 109,760 107,260 89,850 406,097 316,247 92,350 515,857 423,507 Other 1,000 2,063 1,063 - - - 1,000 2,063 1,063 Total revenues 1,418,894 1,908,839 489,945 818,955 1,426,432 607,477 2,237,849 3,335,271 1,097,422 Expenditures: General government 307,938 298,330 9,608 - - - 307,938 298,330 9,608 Public safety 709,639 674,425 35,214 - - - 709,639 674,425 35,214 Public services 605,814 493,456 112,358 801,965 259,778 542,187 1,407,779 753,234 654,545 Parks and recreation 27,000 16,449 10,551 245,664 69,015 176,649 272,664 85,464 187,200 Total expenditures 1,650,391 1,482,660 167,731 1,047,629 328,793 718,836 2,698,020 1,811,453 886,567 Excess (deficiency) of revenues over expenditures ;( 231.497) $ 426.179 $ 657.676 $( 228.674) $1.097.639 ; 1.326.313 ;( 460.171) $1,523,818 $ 1x983.989 See accompanying notes to combined financial statements. 4. MOORPARK NOTES TO COMBINED FINANCIAL STATEMENTS June 30, 1985 I. Summary of significant accounting policies The combined financial statements include total columns Moorpark (City) was incorporated on July 1, 1983 after which aggregate the financial statements of the various fund approval by the voters resident within its boundaries. The types and account group. The columns are designated "memoran- City was previously a portion of the unincorporated area of dum only" because the totals are not comparable to a consolida- Ventura County. As provided by State law, the County retained tion in that interfund transactions are not eliminated. Com- all property taxes collected through June 30, 1984 and pro- parative information presented for 1984 contains certain reclas- vided governmental services, principally law enforcement and sifications to conform to the 1985 presentation. public works, to the City without charge through that date. Basis of accounting Fund types and account group Governmental fund types use a modified accrual basis The City accounts for its financial position and opera- of accounting. Revenues are recognized when available and tions in accordance with generally accepted accounting prin- measurable. Revenues which are accrued include property taxes, ciples applicable to governmental units. Accordingly, the sales taxes collected by the State on behalf of the City prior City uses several funds and an account group described below. to year-end, interest and certain other taxes. Revenues which A fund or account group is an accounting entity with are not considered susceptible to accrual include motor vehicle a self-balancing set of accounts established to record the license fees, certain other licenses and fees, fines, Yor- financial position and results of operations of a specific feitures and penalties. Expenditures are recorded when the governmental activity. The City maintains the following fund liability is incurred. types and account group: Property taxes Governmental fund types, which include the General Fund, The duties of assessing and collecting property taxes special revenue funds and capital projects funds, are are performed by the Ventura County Assessor and Tax Collector. used to record the general operations of the government; The City receives an allocation of property taxes collected by Fiduciary fund types (agency fund), which is used to the County with respect to property located within the City account for assets held by the City as an agent for limits. Tax levies cover the period from July 1 to June 30 of individuals, organizations and other funds are custodial each year. All tax liens attach annually on the first day in in nature (assets equal liabilities) and do not involve March preceding the fiscal year for which the taxes are levied. measurement of operations; Taxes are levied on both real and personal property as it exists General Property and Equipment Account Group, which is on that date. used to account for property and equipment purchased by the governmental fund types. 5. MOORPARK NOTES TO COMBINED FINANCIAL STATEMENTS June 30, 1985 1. Summary of significant accounting policies (Cont'd.) etc.) normally are not capitalized as such assets are immova- Secured property taxes are levied against real property ble and generally of value only to the City. No depreciation and are due and payable in two equal installments. The first is provided for assets capitalized in the General Property and installment is due on November 1 and becomes delinquent if Equipment Account Group. not paid by December 10. The second installment is due on During the year ended June 30, 1984, the County of Ventura February 1 and becomes delinquent if not paid by April 10. transferred certain real property to the City. The City has not Unsecured personal property taxes are due on July 1 each obtained appraised values for this real property; accordingly, year. These taxes become delinquent if not paid by August 31. it has not been recorded in the General Property and Equipment The City records property tax revenues in the fiscal Account Group. It is the City's intent to obtain appraisals as year to which they relate rather than at the related lien of the date the property was transferred and record such proper- date. Delinquent property taxes at year-end (June 30) are ty in the General Property and Equipment Account Group during reserved to the extent they are deemed to be uncollectible the year ending June 30, 1986. within 60 days thereafter, if any. Budgetary information Cash and investments The City Council adopts a formal budget at the beginning Short-term interest-bearing securities consist of time of the City's fiscal year providing for operations and capital certificates of deposit and pooled investment funds with the expenditures of the City's General Fund and special revenue State of California and are stated at cost, which approximates funds. Budgetary controls and the levying of taxes are set market value. Investment income is generally allocated to the by the City Council within state limitations. The budgetary various funds based upon the funds' average cash and invest- basis of accounting is consistent with generally accepted went balances. accounting principles applicable to the City's financial statements. Property and equipment The Council is authorized to make and has made appropria- Acquisitions of property and equipment are recorded tion adjustments to the budget during the year as deemed neces- as expenditures in governmental fund types at the time of sary. Such adjustments are included in the budget amounts in purchase. These assets, when over $500 each, are capitalized the accompanying combined financial statements. Appropriations at cost in the General Property and Equipment Account Group. lapse at year-end. Expenditures for infrastructure (roads, curbs, sidewalks, 6. MOORPARK NOTES TO COMBINED FINANCIAL STATEMENTS June 30, 1985 1. Summary of significant accounting policies (Cont'd.) 3. Retirement plan Deposits Generally, all City employees are members of the Public Deposits principally consist of amounts collected from Employees' Retirement System (PERS), a multiemployer retirement developers for services to be rendered by the City, including plan administered by the State of California. Contributions are engineering plan checks and inspections and planning review made to PERS by both the City and its employees. The City's services. The City will recognize the appropriate amounts as gross contribution to PERS for the year ended June 30, 1985 revenue when the services are performed and the corresponding was $28,718 and was based upon 9.4% of regular base payroll of covered employees, as specified by PERS. It is the City's expenditures are incurred. policy to fund current retirement costs as accrued. Actuar- 2. Residual equity transfers ial valuations and calculations are made for the PERS plan as a whole and not individually for the City and its employees. Interfund transactions Therefore, the City's portion of the actuarial present value Residual equity transfers are recorded by the disbursing of PERS benefits and net assets are not determinable. fund as a transfer-out and reduction of fund balance and by the receiving fund as a transfer-in and as an addition to fund 4. General property and equipment balance. During the year ended June 30, 1985, residual equity A summary of changes in the General Property and Equip- transfers were principally made from the General Fund to the ment Account Group for the year ended June 30, 1985 follows: capital projects funds and between the various special revenue funds. Balance, Balance, June 30, June 30, Transfers from the County of Ventura 1984 Additions Disposals 1985 During the year ended June 30, 1984, residual equity Office furniture and equipment $3,673 $21,804 $ - $25,477 transfers totalling $2,596,913 were made from the County of ;3,673 $21,804 $._ - $25,477 Ventura to the City; such transfers were recorded as additions to the appropriate City fund balances. These transfers repre- sent monies collected by the County, prior to the City's incorporation, for park development and street improvements of $889,526 and $1,707,387, respectively. 7. MOORPARK NOTES TO, COMBINED FINANCIAL STATEMENTS June 30, 1985 5. Commitments and contingencies The bonds described above are not indebtedness of the Commitments City, and there exists no legal or moral obligation on the part of the City to make payments on such bonds from any The City has contracted with the County of Ventura for source other than the revenues and assets pledged therefor. various services, principally law enforcement. These con- The program is completely administered by the Trustee without tracts are cancellable by the City or the County on May 31 of any involvement by the City. Accordingly, this program and each year after thirty days notice has been given, and are the single family residential mortgage revenue bonds issued renegotiated annually. The aggregate contractual commitments thereunder have been excluded from the accompanying combined total approximately $625,000 for the year ending June 30, financial statements. 1986. Contingencies There are certain legal actions pending against the City which management considers incident to normal operations, some of which seek substantial monetary damages. Management believes that any ultimate liability which may arise from such matters would not materially affect the combined financial position or the results of operations of the City. 6. Single family residential mortgage revenue bond program The City sponsored a revenue bond program during the year ended June 30, 1985 under which $20,000,000 of Single Family Residential Mortgage Revenue Bonds were issued. The single family mortgage program is designed to provide funds to acquire mortgage loans on single family residences located in the City. These bonds are secured by a pledge of all loans receivable advanced from the bond proceeds by the Trustee, First Interstate Bank of California, and are serviced from payments on the loans to the Trustee. 8. ADDITIONAL FINANCIAL INFORMATION iedule 1 oa 1 of 2 MOORPARK COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS June 30, 1985 Transpor- Federal Park Local State tation Revenue Park Development Community Transportation Transit Development Traffic State Gas Sharing Development Interest Center - Streets Assistance Act (Art. 3) Safety Fund Tax Fund Fund Fund Fund Fund Fund Fund Fund ASSETS Cash in City treasury $51,025 $360,239 $54,864 $924,744 $8,928 $4,469 $192,840 $(18,061) $( 8,877) Accounts and interest receivable 6,423 22,409 8,960 26,267 - 71 2,378 29,264 17,479 $57,448 $382,648 $63,824 $951,011 '.8,928 $4,540 $195,218 $ 11.,203 $ 8,602 LIABILITIES AND FUND BALANCES Liabilities - Accounts payable and accrued liabilities $ 1,471 $ 6,838 $ - $ - $8,928 $4,540 $ - $ 6,009 $ 8,602 Fund balances available (deficit) 55,977 375,810 63,824 951,011 - - 195,218 5,194 - $57,448 $382,648 $63,824 $951,011 $8,928 14-5.1(2 p195,218 $ 11,203 $ 8,602 9. edule 1 2 of 2 MOORPARK COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS June 30, 1985 Landscaping Landscaping Tierra Casey/ and and Rejada/ Los Gabbert Police Totals Lighting Lighting Street Park Moorpark Angeles Road and Fire District 83 District 84 Lighting Maintenance Road Avenue AOC Facilities Year ended Year ended Fund Fund Fund Fund AOC Fund AOC Fund Fund Fee Fund June 30, 1985 June 30, 1984 ASSETS Cash in City treasury $36,353 $32,352 $27,791 $( 4,408) $824,982 $1,888,559 $31,747 $159,670 $4,567,217 $3,140,564 Accounts and interest receivable - - - - 18,446 44,398 781 - 176,876 250,114 $36,353 $32,352 $27,791 $( 4,408) $843.428 $1,932,957 $32,528 $159,670 $4,744,093 $3,390,678 LIABILITIES AND FUND BALANCES Liabilities - Accounts payable and accrued liabilities $ - $ - $20,282 $ 7,837 $ - $ 2,601 $ - $159,670 $ 226,778 $ - Fund balances available (deficit) 36,353 32,352 7,509 (12,245) 843,428 1,930,356 32,528 - 4,517,315 3,390,678 $36,353 '.32,352 $27,791 $( 4.408) $843,428 $1.932.957 $32,528 $159,670 $4,744,093 $3,390,678 10. Sche 2 Page __ 2 MOORPARK COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL SPECIAL REVENUE FUNDS Year ended June 30, 1985 Federal Park Local State Traffic State Revenue Park Development Community Transportation Transit Transportation Safety Gas Tax Sharing Development Interest Center - Streets Assistance Development Fund Fund Fund Fund Fund Fund Fund Fund Act (Art. 3) Fund Revenues: Taxes other than property taxes $ - $180,576 $ - $ - $ - $ - $ - $ - $ - Street improvement fees - - - - - - - - - Benefit assessments - - - - - - - - - Subventions and grants - - 61,219 - - - 185,383 29,264 17,479 Charges for current services - - - 5,530 - 19,754 - - - Fines and forfeitures 51,180 - - - - - - - - Interest 2,949 30,574 2,605 97,052 - - 9,835 - - Total revenues 54,129 211,150 63,824 102,582 - 19,754 195,218 29,264 17,479 Expenditures: Public services 10,992 36,665 - - - 48,752 - 24,070 17,479 Parks and recreation - - - 10,696 46,074 - - - - Total expenditures 10,992 36,665 - 10,696 46,074 48,752 - 24,070 17,479 Excess (deficiency) of revenues over expenditures 43,137 174,485 63,824 91,886 (46,074) (28,998) 195,218 5,194 - Residual equity transfers (to) from other funds - - - ( 46,074) 46,074 28,998 (2,271,314) '' - - Fund balances, beginning of year 12,840 201,325 - 905,199 - - 2,271,314 ' - - Fund balances, end of year $55,977 $375,810 §63,824 § 951,011 2 $ - § 195,218 $ 6,194 $ _ - 11. Sche 2 Page 2 of 2 MOORPARK COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL SPECIAL REVENUE FUNDS Year ended June 30, 1985 Tierra Landscaping Landscaping Rejada/ Casey/ Totals and Lighting and Lighting Street Park Moorpark Los Angeles Gabbert District 83 District 84 Lighting Maintenance Road Avenue AOC Year ended Year ended Fund Fund Fund Fund AOC Fund AOC Fund Road Fund June 30, 1985 June 30, 1984 Revenues: Taxes other than property taxes $ - $ - $ - $ - $ - $ - $ - $ 180,576 $ 193,118 Street improvement fees - - - - 228,000 59,895 - 287,895 488,356 Benefit assessments 36,353 32,352 113,350 - - - - 182,055 - Subventions and grants - - - - - - - 293,345 - Charges for current services - - - - - - - 25,284 - Fines and forfeitures - - - - - - - 51,180 12,840 Interest - - - - 76,286 183,614 3,182 406,097 99,451 Total revenues 36,353 32,352 113,350 - 304,286 243,509 3,182 1,426,432 793,765 Expenditures: Public services - - 105,841 - 2,076 13,903 - 259,778 - Parks and recreation - - - 12,245 - - - 69,015 - Total expenditures - - 105,841 12,245 2,076 13,903 - 328,793 - Excess (deficiency) of revenues over expenditures 36,353 32,352 7,509 (12,245) 302,210 229,606 3,182 1,097,639 793,765 Residual equity transfers (to) from other funds - - - - 541,218 1,700,750 29,346 28,998 2,596,913 Fund balances, beginning of year - - - - - - - 3,390,678 - Fund balances, end of year $36,353 $32.352 , 7.509 $(12.245) $843,428 $1,930.356 32 528 ;4,517,315 $3,390,678 12. Schedule 3 Pagel of 5 MOORPARK COMBINING STATEMENT OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL ALL SPECIAL REVENUE FUNDS Year ended June 30, 1985 Traffic Safety Fund State Gas Fund Federal Revenue Sharing Fund Park Development Fund Variance- Variance- Virlance- 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 $ - $ - $ - $170,609 $180,576 $ 9,967 $ - $ - $ - $ - $ - $ - Street improvement fees - - - - - - - - - - - Benefit assessments - - - - - - - - - - - - Subventions and grants - - - - - - 100,000 61,219 (38,781) - - - Charges for current services - - - - - - - - - 7,500 5,530 ( 1,970) Fines and forfeitures 20,000 51,180 31,180 - - - - - - - - - Interest - 2,949 2,949 - 30,574 30,574 - 2,605 2,605 88,000 97,052 9,052 Total revenues 20,000 54,129 34,129 170,609 211,150 40,541 100,000 63,824 (36,176) 95,500 102,582 7,082 Expenditures: Public services - 10,992 (10,992) 52,925 36,665 16,260 - - - - - - Parks and recreation - - - - - - - - - 201,500 10,696 190,804 Total expenditures - 10,992 (10,992) 52,925 36,665 16,260 - - - 201,500 10,696 190,804 Excess (deficiency) of revenues over expenditures $20,000 $43.137 $ 23.137 $117.684 $174.485 $56.801 $100.000 $63.824 $(36.176) $(106,000) $ 91,886 $ 197,886 13. Schedule 3 Page 2 of 5 MOORPARK COMBINING STATEMENT OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL ALL SPECIAL REVENUE FUNDS Year ended June 30, 1985 Local Transportation Park Development Interest Fund Community Center Fund - Streets Fund State Transit Assistance 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 - - - - - - - - - - Benefit assessments - - - - - - Subventions and grants - - - - - - 185,383 185,383 - 30,078 29,264 ( 814) Charges for current services - - - 16,535 19,754 3,219 - - - - - - Fines and forfeitures - - - - - - Interest - - - - - - 1,850 9,835 7,985 - - Total revenues - - - 16,535 19,754 3,219 187,233 195,218 7,985 30,078 29,264 ( 814) Expenditures: Public services - - - 24,962 48,752 (23,790) 95,000 - 95,000 30,078 24,070 6,008 Parks and recreation 44,164 46,074 (1,910) - - _ - - - - - - - Total expenditures 44,164 46,074 (1,910) 24,962 48,752 (23,790) 95,000 - 95,000 30,078 24,070 6,008 Excess (deficiency) of revenues over expenditures $(44,164) $(46.074) $(1,910) §( 8,427) $(28.998) $(20,571) $ 92.233 $195,218 L102,2"5. §_______- $ 5,194 $ 5,194 14. Schedule 3 hage-n of 5 MOORPARK COMBINING STATEMENT OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL ALL SPECIAL REVENUE FUNDS Year ended June 30, 1985 Transportation Development Landscaping and Lighting Landscaping and Lighting Act (Art. 3) Fund District 83 Fund District 84 Fund Street Lighting Fund Variance- Var ance- 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 - - - - - - - - - - - Benefit assessments - - - - 36,353 36,353 - 32,352 32,352 104,000 113,350 9,350 Subventions and grants 95,000 17,479 (77,521) - - - - - - - - - Charges for current services - - - - - - - - - - - - Fines and forfeitures - - - - - - - - - - - - Interest - - - - - - - - - - - - Total revenues 95,000 17,479 (77,521) - 36,353 36,353 - 32,352 32,352 104,000 113,350 9,350 Expenditures: Public services 95,000 17,479 77,521 - - - - - - 104,000 105,841 (1,841) Parks and recreation - - - - - - - - - - - - Total expenditures 95,000 17,479 77,521 - - - - - - 104,000 105,841 (1,841) Excess (deficiency) of revenues over expenditures L - 1 - _ _______ $ - $36,353 $ 36,353 1 - $32,352 $32,352 $ - $ 7,509 $ 7,.509 15. chedule 3 'age 4 of 5 MOORPARK COMBINING STATEMENT OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL ALL SPECIAL REVENUE FUNDS Year ended June 30, 1985 Tierra Rejeda/Moorpark Park Maintenance Fund Road AOC Fund Los Angeles Avenue AOC 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 - - - - 228,000 228,000 - 59,895 59,895 Benefit assessments - - - - - - - - - Subventions and grants - - - - - - - - - Charges for current services - - - - - - - - - Fines and forfeitures - - - - - - - - - Interest - - - - 76,286 76,286 - 183,614 183,614 Total revenues - - - - 304,286 304,286 - 243,509 243,509 Expenditures: Public services - - - - 2,076 ( 2,076) 400,000 13,903 386,097 Parks and recreation - 12,245 (12,245) - - - - - - Total expenditures - 12,245 (12,245) - 2,076 ( 2,076) 400,000 13,903 386,097 Excess (deficiency) of revenues over expenditures $, - $(12,245) $(12,245) $ - $302`210 $ 302,210 $(400.,000) $229,606 $629,606 16. :hedule 3 ,ge 5 of 5 MOORPARK COMBINING STATEMENT OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL ALL SPECIAL REVENUE FUNDS Year ended June 30, 1985 Casey/Gabbert Road AOC Fund Total Variance- Variance- favorable favorable (unfavor- (unfavor- Budget Actual able) Budget Actual able) Revenues: Taxes other than property taxes $ - $ - $ - $ 170,609 $ 180,576 $ 9,967 Street improvement fees - - - - 287,895 287,895 Benefit assessments - - - 104,000 182,055 78,055 Subventions and grants - - - 410,461 293,345 ( 117,116) Charges for current services - - - 24,035 25,284 1,249 Fines and forfeitures - - - 20,000 51,180 31,180 Interest - 3,182 3,182 89,850 406,097 316,247 Total revenues - 3,182 3,182 818,955 1,426,432 607,477 Expenditures: Public services - - - 801,965 259,778 542,187 Parks and recreation - - - 245,664 69,015 176,649 Total expenditures - - - 1,047,629 328,793 718,836 Excess (deficiency) of revenues over expenditures 1------Z §3,182 $3,182 ( 228,674) $1,097,639 $ 1,326,313 17.