HomeMy Public PortalAbout39 Additional InformationADDITIONAL
INFORMATION
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CITY OF RA(~C O MIRAGE
COMMUNITY I~ROFILE
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Rancho Mirage is conveniently located in the heart of the rapidly growing Coachella Valley of Southern
California, Riverside County. It is 11 miles southeast of Palm Springs and 11 miles northwest of Indio.
With its prominent location, Rancho Mirage is uniquely positioned to be a major force in an expanding
area.
Abundant amounts of sunshine, great climate and resort lifestyle all contribute to the superior quality of
life one experiences in Rancho Mirage. The community is well known because of its luxury residential
developments and five-star hotels and resorts. World class recreation and entertainment opportunities
abound. Superb tennis and golf facilities attract both residents and tourists and is a Rancho Mirage
trademark.
Known nationwide for top events, Rancho Mirage is a paradise for play. The Kraft Nabisco
Championship is held annually at the spectacular Mission Hills Country Club. This prestigious
Tournament is the first of four majors during the year and is often fondly referred to as the "Masters" of
ladies golf.
Rancho Mirage is home to the Eisenhower Medical Center. Dedicated in 1971 by the former President
and Mrs. Eisenhower, the center is built on 100 acres of land donated by Bob and Dolores Hope. The
Medical Center includes a 261 bed hospital, the Annenberg Center for Health Science, the Hal B. Wallis
Research Facility, the Betty Ford Chemical Dependency and Treatment Center, the Dolores Hope
Outpatient Center, the Desert Oncology Institute, the Desert Orthopedic Center and the Barbara Sinatra
Children's Center.
The only Palm Springs Unified School District facility located within the City is the Rancho Mirage
Elementary School on Indian Trail in the Magnesia Falls Cove area. Two private schools also serve the
City, Marywood Country Day School on Clancy Lane and Palm Valley School on Da Vall Drive.
While only seven years old, the City's library, located at Bob Hope Drive and Highway 111 in the Rancho
Las Palmas Shopping Center, has become one of the ten busiest public libraries in California, as measured
by per capita checkouts. During the past year, according to Hennen's American Public Library Ratings,
the Library was rated the third best public library among California's 179 public library jurisdictions. A
new public library, to be located on a 9.45 acre site on the north side of Highway 111 between Paxton
Road and San Jacinto Drive, is scheduled to open in late 2004.
Historical Development
Throughout its history, Rancho Mirage has been a predominantly residential community, well known for
its country clubs, golf courses, enhanced prestigious resorts and planned commercial growth. From the
beginning of the community in the 1920s and 30s the land uses and development patterns of today were
established. Thunderbird and Tamarisk Country Clubs in the 1940s and SOs expanded the initial
community core and also initiated the land use pattern of golf course and fairway homes so prevalent
today.
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As the number of new residents increased, so did the number of visitors and vacationers to the City.
Catering to tourists were two resorts, the Desert Aire Hotel and Polo Club and the white Sun. Guest
Ranch, both very popular reheats in the 1950s. The Desert Aire was the Coachella. Valley's first fly-in
motel. Both were located in the vicinity of what is presently Rancho Las Palmas Country Club.
In the 1960s the number of businesses in "downtown" Rancho Mirage began to expand outward from the
Magnesia Falls Cove location along Highway 111 to the western stretch of the Highway in Rancho
Mirage. "Restaurant Row" was established during this era. Development of businesses beyond this main
commercial corridor did not occur until the 1980s. In 1961 the prestigious Walter Annenberg estate
"Sunnylands," with its private 200-acre golf course and 32,000. square foot main residence, was
constructed.
In 1975 it was estimated that half of Rancho Mirage's 4,500 dwelling units were in ,country clubs or
planned residential developments (PROs). Perhaps the most representative of the high quality country
club resort image of Rancho Mirage were the development projects of the 1970s. During this decade, fve
country clubs (Mission Hills, Desert Island, The Springs, Sunrise and Rancho-Las Palmas), as well as
many of the non-golf course PROs and private communities were completed. Also, Rancho Las Palmas
resort and shopping center and Eisenhower Medical Center were initiated. Residential growth continued
strongly in the 1980s with. additional private communities and resorts such as Rancho Mirage Country
Club, Lake Mirage Racquet Club and the equestrian estate community of Mission Ranch.
All three of the City's resort hotels were constructed in the 1980s. These world-class resorts are Marriott's
Rancho Las Palmas on Bob Hope Drive, the Lodge on Frank Sinatra Drive and the Westin Mission Hills
on Dinah Shore Drive. These resorts attract thousands of visitors per year to Rancho Mirage and represent
a fiscal mainstay of the City's operating revenue.
The City boasts of five parks. The City's first park, the Whitewater Park, was originally developed in
1982. It was expanded in .1994 to accommodate additional active recreational use. The park features
lighted. tennis courts, basketball courts, racquetbalUhandball courts, an informal playfield, picnic facilities,
a children's playground, life-sized fire engine and water feature, a recycling drop.-off and walking paths
with fitness trail. Community groups and organizations host events at the park, which is also the site of
concerts .and festivals for children and families. The Michael S. Wolfson Park, the. only Coachella Valley
Park equipped, with a trail system which includes bronze Braille reading plaques, has a Victorian theme
that features a fountain, decorative lighting fixtures and benches, with aBraille-marked trail and fragrance
garden. Frank Sinatra and Dinah Shore, who were Rancho Mirage residents, .scripted an audio
presentation which can be heard electronically at each rest area along the trail. The Cancer Survivor's
Park which features a pyramid kiosk, tiled benches, ponds, a hillside waterfall and sculpture, is designed to
give hope to those with cancer.. This park was built by the Bloch Foundation on City property as a gift to
the community and an endowment fund helps offset maintenance expenses. The Magnesia Falls
Neighborhood Park is ajoint-use facility in conjunction with Palm springs Unified School District and the
Family YMCA of the Desert. This park serves the immediate neighborhood located near Rancho Mirage
Elementary School. The Blixseth Mountain Park is the City's first desert park, showcasing, indigenous
plant materials and featuring the natural environment... This park, with its winding paths, is utilized by
desert enthusiasts and the nearby Rancho Mirage Elementary School.
Adhering to its equestrian roots, in 1982 the city created a Trails Committee to preserve a 20 mile horse
trail system and later published a Guide to hiking, biking and riding trails throughout the Coachella
Valley. To prevent the repeat of disastrous flooding as was suffered prior to incorporation in 1973, ,the
City worked diligently to implement flood control measures in strategic areas. Magnesia Falls was one of
the first areas that had been historically devastated by floods. In 1985 the City began its extensive $4.7
million flood control project with redevelopment funds.
Later the City created a Bighorn Sheep Preserve high in the hills above Rancho Mirage. The Braille
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Institute of Rancho Mirage,.. which provides all facets of assistance to the visually impaired, is considered.
uni ue in the nation as it was architecturally designed and constructed specifically to accommodate its
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clientele. The Children's Museum of the Desert also chose to make Rancho Mirage. its permanent home.
Inco orated as a Ci on Au st 3, 1973, Rancho Mirage has steadily grown in area. One of the prime
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goals of incorporation was to gain control of land use decisions in Rancho Mirage and to preserve its
uni ue character. ,Upon. incorporation, the City was 15.5 square. miles m size. Today, its area has
q ° ions to Rancho Mira ~ e will likel occur
increased by nearly 60 /o to 24.7 square miles. Additional annexat g y
in the future within the City's sphere-of influence. °
Population and Housing Characteristics
With 14 965 ermanent residents, Rancho Mirage has enjoyed. a steady growth in population. In addition
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to full-.time residents, Rancho Mirage acts as a second home to about 10.,500 people during the winter
season. The City's population is projected to grow to about 21,000 permanent residents by the year 2020.
Rancho Mira a is an affluent community with famous political leaders, corporate executives and top
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entertainers who call Rancho Mirage home because of its renowned, quality of life.
Residents live in six different types of neighborhoods -private golf and tennis clubs, equestrian
neighborhoods and PRDs, which make up roughly half of the City. ,There are gated and private estate-
sizedcommunities with no common, non-gated public neighborhoods and mobile home parks. Within the
City, there are also large private estates that include private golf courses.
Economic Overview
Rancho Mira e has ex erienced strong growth in recent years and should continue to expand well into the
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next centu All ma'or segments of the City's economy showed solid growth during the 1980s and
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1990s. This table summarizes the growth of Rancho Mirage from 1992 to 2002:
Actual 2002 % Growth
Po ulation
p 14,965 44%
Hotel Room Sales $ 51,000,000 45%
Total Taxable Sales $ 347,000,000 112%
Retail Sales $ 277,000,000 159%
Assessed Values $4,481,000,000 51%
Valuation of Real Estate Built
From 1992 to 2002 $ 966,000,000 NIA
Retail Sales
Retail .sales in Rancho Mirage have grown remarkably since the beginning of the economic .recovery in
1993 with consecutive annual records set in both total taxable sales and retail sales from 1993 through
2000. After a tem ora setback due to the events of September 11, 2001, retail sales in the City of
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Rancho Mirage are forecasted to continue this upward trend.
Total taxable sales have more than doubled from $163 million in 1992 to an estimated $347 million in
2002. Retail sales have own 159% since -1992, from $118 million to an estimated $277 million in 2002.,
Over the ast few ears, the City of Rancho Mirage has become a leader in restaurant, luxury automobile,
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home furnishin s and home im rovements sales. Home improvement retail sales of approximately $66
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million in 2002 re resents about one-fourth of all home improvement sales in the Coachella Valley. The
p 'n the Coachella Valle with $2.8 million in
City s restaurants have the highest average sales per outlet i y
sales per restaurant.
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Per Capita Sales
Per capital taxable sales of $2.1,636 during 2002 were nearly double the Coachella Valley's per capita.
sales of $11,943 and almost double California's 2002 per capita sales of $12,75 8, The main reasons for
such high per capita taxable sales are the influx of a part-time population, tourists and sales to residents
from surrounding communities.
Retail Outlook
Retail sales will continue to grow as the population in the City of Rancho Mirage and the Coachella Valley.
continues to increase, as well as the- opening of new retail development proj ects.
The continuing development of the 50-acre Monterey Marketplace will add substantial retail sales. An
increasing number of stores. are open for business and the Monterey Marketplace is fast becoming one of
the most. popular shopping locations in the Coachella Valley. Resort Theaters, Hope Depot, Linens N
Things, IHOP, McDonald's, Wendy.'s, Subway Sandwiches, It's a Grind Coffee, Cingular Wireless,
Yogurt Etc., the Pool Store and the Winer Inc., (a specialty wine retailer). are already open for business.
New businesses slated to open in the near future include Pacific Sales Kitchen and Bath Center, Big 5
Sporting Goods, Tortilla ;Express Mexican Grill, 3-Day Blinds, Rancho Mirage Fish Market and Red
Robin restaurant.
The Highway 111 corridor through Rancho Mirage is a 4'/~ mile long major thoroughfare, with daily
traffic exceeding 50,000 vehicles. It is recognized. as the circulation and commercial axis of the Coachella
Valley. The focus of the eastern most portion of Highway 111 is largely retail and professional office.
Targeted uses of the one mile corridor of west Highway 111 between Frank Sinatra and Country Club
includes restaurants, specialty retail and professional office development. The Rancho Las Palmas
Shopping Center, located on Highway 111 and Bob Hope Drive, presents a diverse mix of retail,
restaurant and professional office buildings.
Also in this area is The River at Rancho Mirage, the cornerstone of the City's revitalization of Highway
111. The 30-acre waterfront development offers an upscale shopping and entertainment experience in an
environment that features a river, fountains and waterfalls. The River at Rancho Mirage has exceeded
initial expectations. People from all corners of the Coachella Valley, Southern California and beyond are
coming to enjoy the many. amenities offered at The River. The River has created a ripple effect along
Highway 11 1. This area is now transforming into a unique and vibrant commercial "downtown" for the
community.
Even with the large number of successful retail developments recently experienced in the ,City of Rancho
Mirage,. ,development opportunities are plentiful. The City's carefully planned economic ,development
strategy and high development standards that promote and encourage. quality development have created an
approach that focuses on a fast-tract streamlined permit process, quality City services, strategically
planned infrastructure and an entrepreneurial "can-do" attitude towards development.
Real Estate
Construction in Rancho Mirage. in year 2002 ,amounted to over $183 million. in building permit
valuations - a decrease of 5% from the previous year. Single family residential construction totaled over
$123 million, commercial construction totaled almost $25 million and other construction, including
additions,.. renovations and public property, totaled over $35 million.
The housing market continued to be very healthy in Rancho Mirage during 2002. 413 single family homes
were constructed in 2002. Currently about fifteen residential developments are under construction. In
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addition, numerous single family residential projects, retail developments and medical facilities are in
various stages of the planning process, Several of these. projects could start construction in the near
future. During the last ten years, over $968 million worth of building permits have been issued, $78b
million of which have been issued during the last five years.
Commercial Development Activities
The City of Rancho Mirage's excellent financial condition is primarily due to a vibrant business
community. In recent years, Rancho Mirage has been active with economic development efforts aimed at
business attraction, business retention and business expansion. During the past year, many important
commercial development projects have been completed or initiated. The coming two-year period should
see a continued growth of new quality commercial development in Rancho .Mirage. The following
represents a sampling of the types of projects underway in the community:
• The River at Rancho Mirage began .opening in phases in the Fall of 2001. The 30-acre upscale
entertainment/retail center is the .cornerstone to the City's revitalization of the Highway 111 corridor.
• Late in 2002, Electric Car Distributors and Desert European Motorcars competed a $17 million
expansion and redevelopment project.
• Other retail or mixed-use projects on Highway 111 include Desert Square, City Centre, the White
Brothers Center, Patios Plus and. the Waterfront.
• The SO-acre Monterey Marketplace shopping center at Monterey Avenue and Dinah Shore Drive is
quickly expanding with new stores and restaurants such- as Linens N Things,. Pacific Sales,;
McDonald's, Wendy's, Panda Express, It's a Grind Coffee, Red Robin and Big 5 Sporting Goods.
• The City's strong position in lodging and hospitality will continue to grow with the opening of the
Hilton Garden Inn & Suites, completion of 15 8 vacation-club resort units at the Westin Mission Hills
Resort and an upcoming major renovation of the Lodge at Rancho Mirage.
• Rancho Mirage has long enjoyed a lofty position in the. medical and health care industry. Eisenhower
Medical Center is busy implementing a $300 million upgrade and expansion to its 110-acre world-
class campus. Another 250,000 square feet of medical offices has recently been completed or is
under construction and/or entitled in Rancho Mirage..
The previous two fiscal years,. FY 2001-02 and FY 2002-03, have been a strong time for commercial
development. With a continued healthy economy, the next two fiscal years are forecasted to also be
another period of robust commercial growth in Rancho Mirage.
Assessed Valuations
The development. of luxurious country clubs with golf courses, residential communities and new resort
hotels have helped increase the assessed valuation of real estate in the City of Rancho Mirage in recent
years. Assessed valuation totaled approximately $4.4 billion for the fiscal year ended June 30, 2002, an
increase of 13% over the previous year. The recent increase in construction and the various planned
projects will certainly have a positive effect on assessed values in future years.
Tourism
The tourism industry is the hub of the Coachella Valley's economy. With over 3 million people visiting
the Desert annually, tourism helps drive the hotel and lodging industry in the Coachella Valley. With
three major resort hotels and two mid-priced, limited-service suite hotels, Rancho Mirage has been a
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major contributor in the growth of the hotel and, lodging business in the Coachella Valley. With the
opening in 2002 of the Hilton Garden Inn, & Suites, Rancho Mirage now offers. over .1,400 hotel rooms.
After a slow down brought on by the September 1 1, 2001 terrorists acts, the tourism and hotel industry
rebounded in FY 2002-03 e Even with the September 11th slow down, hotel room sales in Rancho Mirage
have increased by 45% during the past ten years. A full recovery with tourism and even further growth in
room sales is expected in the coming two fiscal years.
Ranch®Mirage offers superb golf courses, ample recreation amenities, top-notch convention facilities and a
diverse make-up of shopping and restaurants that attract tourists. With a combination of world-class resorts
and quality hotels, Rancho Mirage is uniquely positioned to beneft from projected growth in the tourism
industry.
Ideal City
Rancho Mirage is a city with a reputation all its own. The first crops of dates and citrus sprouted- seeds of
invention which have matured- into a city characterized by the tenacious pride and elegant charm of its
people. With an average temperature of 88 degrees by day and 55 degrees by night for most part of the
year, average humidity of 27% and 3.38 inches of rainfall per year, living is luxurious all year round. This
enchanted. desert city is the perfect place to live, to visit, to invest and to work. Rancho Mirage is also
known as the playground of presidents, political leaders, corporate presidents and top entertainers. Former
President Gerald R. Ford describes Rancho Mirage as ":.... a heartwarming home. One visit to Rancho
Mirage and you' 11 want to return again and again."
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CITY OF RAMC O MIRAGE
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SUMMARY OF SIGNIFICANT ACCOUNTING, FISCAL, OPERATIONAL
AND BUDGETARY POLICIES
• Summary of Significant Accounting Policies
The accounting policies of the City of Rancho Mirage, California (hereinafter referred to as "the
City") conform to generally accepted accounting principles for local governmental units. The
following is a summary of the more significant accounting policies:
o Fund Accounting
The basic accounting and reporting entity is a "fund". A fund is defined as an
independent fiscal and accounting entity with aself-balancing set of accounts recording
resources, related liabilities, obligations, reserves and equities segregated for the purpose
of carrying out specific activities or attaining certain objectives in accordance with special
regulations, restrictions or limitations.
The accounting records of the City are organized on the basis of funds classified for
reporting purposes as follows:
GOVERNMENTAL FUNDS
General Fund
The General Fund is the general operating fund of the City. All general tax revenues and
other receipts that are not allocated by law or contractual agreement to some other fund
are accounted for in this fund. From this fund are paid the general operating expenditures
and capital improvement costs which are not paid through other funds.
Debt Service Funds
The Debt Service Funds are used to account for the accumulation of resources and
payment of general long-term debt principal and interest and related costs from
governmental resources.
Capital Projects Funds
The Capital Projects Funds account for financial resources to reflect major capital
improvement projects not financed by other funds.
FIDUCIARY FUNDS
Agency Funds
The Agency Funds are used to account for assets held by the City as an agent for
individuals, private organizations, other governments, and/or other funds. Agency Funds
are custodial in nature (assets equal liabilities) and do not involve measurement of results
of operation.
o Measurement Focus and Basis of Accounting
Governmental (general, special revenue, debt service and capital projects) fund types are
accounted for on a current financial resources measurement focus. Accordingly, only
current assets and current liabilities are included on their balance sheets, and the reported
fund balance provides an indication of available, spendable resources. Operating
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statements for governmental fund types report increases (revenues) and decreases
(expenditures) in available spendable resources.
Agency funds are custodial in nature (assets equal liabilities) and do not involve
measurement of results of operations.
The modified .accrual basis of accounting is followed by the governmental funds and
agency funds. Under the modified accrual basis of accounting, revenues are considered
susceptible to accrual when they become both measurable and available. Available means
collectible within the current period or soon enough thereafter to be used to pay liabilities
of the current period. Revenues, including property taxes, are considered available if they
are collected within sixty days after year-end. Expenditures are recorded when the related
fund liability has been incurred. Governmental fund liabilities are not considered current
until they are expected to be liquidated with expendable available .financial resources.
Under this method, amounts due on ..demand are recorded as an expenditure and a current
liability in the governmental fund from which the amounts are expected to be paid.
Property taxes, transient occupancy taxes, traffic fines, special assessments, and
entitlements held at year-end by an intermediary collecting government are recognized as
revenue under the modified accrual basis of accounting. Revenues from the use of money
and property are recorded when earned.
Fines other than traffic. fines, fees, permits, charges for services, and miscellaneous
revenues are recorded as governmental fund revenues when received in cash because they
are generally not measurable until actually received.
o Compensated Absences
In accordance with GASB Statement No. 16, a liability is recorded for unused vacation
and similar compensatory leave balances since the employees' entitlement- to these
balances are attributable to services already rendered and it is probable that virtually all of
these balances will be liquidated by either paid time off or payments upon termination or
retirement.
Under GASB Statement No. 16, a liability is recorded for unused sick leave balances only
to the extent that it is probable that the unused balances will result in termination
payments. Other amounts of unused. sick leave are excluded from the liability since their
payment is contingent solely upon the occurrence of a future event (illness) which is
outside the control of the City and. the employee.
In governmental funds, compensated absences (unpaid vacation and sick leave) are
recorded as expenditures. in the year they are paid. The- balance of unpaid vacation and
vested sick leave at year-end. is recorded in the General Long-Term Debt Account Group
as these amounts will be liquidated from future resources.
o Encumbrances
Encumbrance accounting, under which purchase orders, contracts, and other commitments
for the expenditure of monies are recorded in order to reserve that portion of the
applicable appropriation, is employed as an extension of formal budgetary integration . in
governmental funds. Encumbrances outstanding at year-end are reported as reservations
of fund balances since they do not constitute expenditures or liabilities.
o Accounting for Self-Insurance Activiries
The City records a liability for litigation, judgments, and claims (including claims
incurred, but not reported) when it is probable that an asset has been impaired or a liability
has been incurred prior to year-end and the. probable amount of loss (net of any insurance
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recovery). can be reasonably estimated. Liabilities resulting from self insurance activities are
recorded in the General Long-Term Debt Account Group since these liabilities are funded on a
pay-as-you-go basis and are not payable from currently available financial resources.
• Summar~f Significant Fiscal Policies
o Cash and Investments
Investments are reported at fair value, except for nonparticipating certificates of deposit and
investment contracts that are reported at cost because they are not transferable and they have
terms that are not affected by changes. in market interest rates.
Investment income reports interest earnings. Net increase (decrease) in investment fair value
reports the changes in .the fair value of investments, and any gains or losses realized upon the
liquidation or sale. of investments. The City's practice is to hold investments to maturity.
The City pools cash and investments of all funds, except for assets held by fiscal agents.. Each
fund shares in this pool. Investment income earned by the pooled investments is allocated to the
various funds based on each fund's average cash and investment balance.
The City and its component units are authorized under the City's investment policy to invest in
the following instruments:
Maximum
Investment Limitations
• Demand deposits with financial institutions
• State Treasurer's Local Agency Investment Fund (LATE)
• Government Agency Issues
• Bankers' Acceptances
• Negotiable Certificates of Deposit
• Repurchase Agreements
• Certificates of Deposit
None
State Limitations
None
40% of City's portfolio
30% of City's portfolio
None
99,000 in any single financial
institution
Projected cash flow requirements are the primary factor to be used in determining investment
maturity terms. After cash flow needs have been met, yield considerations are the next factor
used in determining maturity terms, with the expectation that longer maturity periods generally
yield greater returns on investments. Investments maybe sold prior to maturity for cash flow or
appreciation purposes. However, no investment shall be made based solely on anticipated yields
resulting from .capital gains. The selection of investment maturities is to be based on the
portfolio at the time investments are purchased. A maximum of 15% of the portfolio may be
invested for more than five years but not to exceed ten years. The City's authorized investment
officers shall attempt to maintain no less than. a $5,000,000. balance in the State Treasurer's
Local Agency Investment Fund (LATE).
Under the California Government Code, a financial institution is required to secure deposits
made by state or local governmental units by pledging securities held in the form of an
undivided collateral pool, consisting of either government securities or first trust deed mortgage
notes with a market value at least 110% and 150%, respectively, of the total amount deposited
by the public agencies.
o Employee Compensation and Benefits
Depending upon length of employment, permanent City employees earn 12 to 18 vacation days
per year. Employees' vacation may not exceed 30 working days during any calendar year
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without the approval ~of the City Manager.
Permanent City employees are provided with 12 sick days a year. A maximum of 120 days of
sick leave maybe accumulated.
Upon .termination or retirement, permanent employees are entitled to receive .compensation at
their current base salary for all unused vacation leave and floating holidays, except for those
employees who have not completed 6 months of .continuous service. Upon termination,
,employees receive 50% of their accrued sick leave at their current pay rate.
The City of Rancho Mirage contributes to the California Public Employees Retirement System
(PERS}, an agent multiple-employer public employee defined benefit pension plan. PERS.
provides retirement and disability benefits, and death benefits to plan .members and
beneficiaries. PERS acts as a common investment and administrative agent for participating
public entities within the State of California. benefit provisions and all other requirements are
established. by state statute and city ordinance. Copies of PERS' annual financial report maybe
obtained from their executive off ice: 400 P Street, Sacramento, California 95 814.
Participants are required to contribute 1% of their annual covered salary. The City makes the
contributions required of City employees on their behalf and for their account. The City is
required to contribute at an actuarially determined rate as a percentage. of covered payroll. The
employer .contribution rate for the year ended June 30,. 2003 was 0% for miscellaneous
employees. Benefit provisions and all other requirements are.. established by state statute and
City contract with employee bargaining groups.
o Self Insurance
The City is self insured for the first $250,000 of each workers' compensation claim. Losses in
excess of these amounts are covered by outside insurance. discussed below. The City is
completely self insured for unemployment claims.
o Participation in Risk Pool
The City is a member of the Public Entity Risk Management Authority (DERMA), formally
Coachella Valley Joint Powers Insurance Authority (CVJPIA), a j oint powers authority formed
under Section 990 of the California Government Code for the purpose of ~olntly funding
programs of insurance coverage for its members. The City participates in the liability and
workers' compensation insurance programs of DERMA:. The liab111ty program provides
coverage up to $20,000,000-per occurrence for personal injury, bodily. in,ury, property .damage
and public officials' errors and omissions.
.The City has selected a self insured retention, with a deductible, of $50,000. The City
participates in risk sharing pools for losses up to $1,.000,000, followed by two excess policies,
one for $1,000,000 with the Municipal Mutual Insurance Company and one for $18,000,000
provided by the Great American Insurance- Companies.
The workers' compensation program provides statutory coverage for employee injuries arising
out of and in the course of employment.
The workers' compensation program is a claims servicing pool, a banking pool and an insurance
purchasing pool. As an insurance purchasing pool, the program allows participating members to
obtain the economies of scale in securing excess workers' compensation coverage. The .City
self insures up to a level of $250,000 per accident or employee. The workers' compensation
program is a non-risk sharing pool and does not provide for a transfer of risk. Therefore, each
member is respo~isible individually for its own losses: up to the level of $250,000.
o Prudent Reserve
It is the City's goal to maintain its General Fund's undesignated fund balance equivalent to at
least one year's operating expenditures and limit operating expenditures to operating revenues.
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Information regarding the General Fund's undesignated fund balance, a key indicator of fiscal
strength, and other related information can be found in the "General. Fund Summaries" section
of this budget document.
o Proposition 218
On November 5,1996 ,the voters of the State approved Proposition 218, known as the "Right to
Vote on Taxes -Act." Proposition 218 adds Articles XIII C and XIII D to the California
Constitution and contains a number of interrelated provisions affecting the ability of the City to
levy and. collect both existing and future taxes, assessments, fees and charges.
Proposition 218 (Article XIII C) requires. that all new local taxes be submitted to the electorate
before they become effective. Taxes for general governmental purposes of the City require a
two-thirds vote. Further, any general purpose tax which the City imposed, extended or
increased, without voter approval after December 31, 1994 may continue to be .imposed. only if
approved by a maj ority vote in an election which must be held within two years of November 5,
1996. On April 14, 1998 local election, voters approved by 69.7% a parks maintenance
replacement tax.
o Annual Audit
The City Council annually employs an independent certified public accounting firm that
examines the books, records, inventories and reports of all officers and employees who receive,
control, handle or disburse public funds. As soon as practicable after the end of the fiscal year,
the audited financial statements as of the close of the fiscal year are submitted to the .City
Council.
• Summary of Si ificant Operational Policies
The City of Rancho Mirage operates under the "Council-Manager" form of government. Five City
Council members are elected to four-year terms and the Mayor is selected by the other Council
members. The City Council appoints the City Manager, City Clerk and the City Attorney.
The City Council determines policy on issues facing the community and gives direction to City staff.
The City IO~anager implements policies and programs of the Council and has administrative control over
the four operating departments: Public Works, Community Development, Administrative Services and
Library Services. In addition to these four operating departments, the City provides for public safety
through contracts with Riverside County for .the provision of fire protection and law enforcement
services. The City Manager also acts as administrator for the Redevelopment Agency, Housing
Authority, Community Services District and Joint Powers Financing Authority. The City Council acts
as the Board of Directors for each of these separate entities.
The City Council oversees the expenditure of City funds, reviews proposals to meet community needs
and initiates programs designed to upgrade services. They approve the annual budget and determine the
City's ability to provide funding for ongoing and proposed municipal activities.
The City Council has the power. to create commissions and boards to provide advice in specific areas of
decision-making.; The Council may select individual and Council members to serve as liaisons to each
of the City's commissions and boards. In addition, the City Council may choose to hold point meetings
with commissions and boards.
• Summary of Si ign~ficant Bud e~tary Po_ licies
The, Ciry is required by State law to adopt an annual budget for the General Fund. The City develops
and maintains aline-item budget for all City functions in order to provide for effective management and
budgetary control of City assets. and to assist in achieving the obi ectives that have been set for the
community by the City Council. Each department director is held accountable for meeting program
objectives and monitoring the use of budget allocations to ensure compliance with legal provisions
embodied in the annual appropriated budget approved by the City Council. The City also maintains an
encumbrance accounting system as one method of accomplishing budgetary control. Generally, the
appropriations lapse at year-end to the extent they have not been expended or encumbered. Certain
403
expenditures are reappropriated as part of the following year's budget. Unfinished capital improvement
projects are the most significant example of reappropriated expenditure.
Before the beginning of the fiscal year the City 1Vlanager submits to the .City Council a proposed. budget
for the year commencing the following July 1.
Public hearings are conducted to obtain taxpayer comments.
The budget is subsequently adopted through passage of a resolution.
All appropriated amounts are as originally adopted or as amended by the City Council. and lapse at year-
end, except for continuing appropriations for capital projects.
Original appropriations are modified by supplementary, appropriations, and transfers among budget
.categories. The City Manager is authorized to transfer appropriations ,within an object of a General
Fund department and within total fund appropriations for other funds. The City Council approves all
other changes. Individual amendments were not material in relation to the original appropriations.
The legal level for which expenditures are not to exceed appropriations is at the fund level for all funds
except the General Fund and at the object level for the General Fund.
Formal budgetary integration is employed as a management control device during the year for the
following funds which also have legally adopted annual budgets; General, Special Revenue and Capital
Projects Funds. Formal budgetary integration is not employed for Debt Service Funds, except for the
Redevelopment Agency Debt Service. Funds, because effective budgetary control is alternatively
achieved through debt indenture provisions.
Budgets for General, Special Revenue, Redevelopment Agency Debt Service Funds and Capital Projects
Funds are adopted on a basis consistent with generally accepted accounting principles, except advances
from the General Fund to other funds are budgeted as expenditures in the General Fund and as revenue
in the funds receiving the advances. Repayment of advances is budgeted as revenue in the General Fund
and as expenditure in the funds repaying the advance.
Strategic budget assumptions are found in the narratives and revenue and expenditure activity detail
pages of the budget document for each fund/division.
The City Council and staff take the stewardship of public funds very .seriously. The budget document
serves as a "blueprint" of the City's plan for expenditure of public funds.. It identifies what services are
to be delivered to the residents of the City during the upcoming fiscal year. The manner in which these
services are provided to the City residents is dictated by this document in that it establishes daily
operational funds, staffing, levels and, capital improvement expenditures. The goals and objectives for
FY 2003-04 and FY 2004-OS are identified in the narrative sections of the budget document for each
fund/division. The accomplishments of the prior years' (FY 2001-02 and FY 2002-03) .goals are also
included in this section.
The continuing. fiscal responsibility of the City Council is assured by operating on a Ten Year Financial
Plan,. which reflects realistic projections of future revenue resources and ongoing expenses. This ten
year. financial forecast found in the "Additional Information" section of the budget document evaluates
the relationship between existing revenue sources, expenditures projected to increase at current inflation
rate, a desired capital improvement budget and year end fund balances. It incorporates General Fund
revenue and operating expenditure assumptions with capital spending goals and projects future
undesignated fund balance. The goal is to anticipate future expenditures and make reasonable
projections of revenues, maintain a fund balance equivalent to one, year's operating expenditures and
limit operating expenditures to operating revenues. This. Plan provides along-term view of the City's
financial condition as a tool for City- Council .policy setting. The result. -improved management
efficiency and enhanced financial, stability.
404
GTY O~ RAnC O M4RAG£
0
~ ~
SUMMARY OF LEGAL DEBT MARGIN
w~~~~.~ __.,. ~_.~. a~. ~,..~r~.~~~
ad ~ ~ ,; ~s ~ ~ ; - ~_
California State Government Code Section 43605 limits the amount of general bonded
indebtedness to not to exceed 15% of the assessed valuation of all real and personal property in the
City. Rancho Mirage has no general bonded indebtedness. Based on assessed valuation of
$4,480,627,552 for Fiscal Year 2002-03, the legal debt margin is 15% of this amount or
$672,094,133.
Data for Fiscal Year 2003-04 was not available as of July 2003 print date. It will be available in
August 2003.
Source: County of Riverside
405
406
CITY OF RAIYC O MIRAGE
~ ~
~., ~
DEBT SERVICE SUMMARY
-.., ,. .:,. .:: :. ::::` .., . ,.,: y.s ... ,,;Y. ~~,~:; ., ~~,-, ~:rr .,. `a*. t, ,+rrz, s .;`~:;s,+~.;,3,.i.;,T,z;~.r,.er;:~t~":4 „,;,`~,'~. `:+k~'k~4.,s`=~r', t-.«. t>,,Kt",. a;~:~,x'~€":.'~ ..".ke,-i-
Both the City and the Redevelopment Agency have outstanding bonded indebtedness with the
following outstanding principal balances and scheduled debt service:
June 30, 2003 FY 2003-04 FY 2004-OS
Outstanding Debt Debt
City of Rancho Mirage Principal Service Service
1995 Library Lease Revenue
Refunding Bonds
Rancho Mirage Redevelopment Agency
1994A Tax Allocation Refunding Parity
Bonds
1994A Tax Allocation Refunding Bonds
1997A Tax Allocation Parity Bonds
1997B Tax Allocation Subordinate Bonds
1999A Tax Allocation Bonds
2001A-1 Tax Allocation Subordinate Bonds
Whitewater Project Area
2001A-E Tax Allocation Subordinate Bonds
Whitewater Project Area
2001 A-1 Tax Allocation Bonds
Northside Project Area
2001 A-E Tax Allocation Bonds
Northside Project
$ 3,150,000 $ 240,924 $ 243,286
19,790,000 1,445,130 1,444,655
15,580,000 1,007,850 1,013,850
4,305,000 342,224 341,944
3,185,000 254,312 255,350
8,680,000 462,010 507,010
2,180,000 174,348 171,536
4,680,000 219,879 384,879
15,850,000 1,179,212 1,127,713
14,425,000 719,194 969,194
407
2001 B-1 Tai Allocation Subordinate Bonds
Northside Proj ect Area
2001 B-E Tax Allocation Subordinate Bonds
Northside .Project Area
2002A Tax Allocation Subordinate Bonds
Total
3,300,000 227,124 225,249
1,195,000 65,616 85,616
7,500,000 719,365 662,065
.103820,000 $ 7T457.188 7 432347
Both the City and the Redevelopment Agency have more than sufficient ongoing revenues to meet
the above debt service obligations. In the following paragraphs, details of the above bond issues
are discusse .
Library Lease Revenue Refunding Bonds - In 1991, the City issued $6 million in Library Lease
Revenue Bonds to construct and equip a library facility. In July 1995, the City partially refinanced
the remaining outstanding balance of $5,505,000 by issuing $3,375,000 in Refunding Bonds and
retiring. the $2,130,000 balance. The City was able to retire debt as a result of the decision to
purchase and renovate an existing vacant building for use as a library rather than construct a new
facility. Future debt service will be paid from property tax revenue specifically attributable to the
City's library operations and credited to the Library special revenue fund.
1994A Tax Allocation Refunding Parit, Bonds - In February 1994, the Redevelopment Agency's
VVhitewater Proj ect Area issued $23,090,000 of Tax Allocation Refunding Parity Bonds. This bond
issue was used to refinance the following outstanding indebtedness:
1987 Tax Allocation and Refunding Bonds $13,195,000
1989 Subordinate Lien Tax Allocation Bonds 4,330,000
1991 Loan from the Rancho Mirage .Joint
Powers Financing Authority 4,120,000
Future debt service will be paid from the Whitewater Project Area's tax increment revenue.
1994A Tax Allocation Refunding Bonds - In February 1994, the Redevelopment Agency's
Northside Project Area issued $16,930,000 of Tax Allocation Refunding Bonds. This bond issue
was used to refinance the following outstanding indebtedness:
1990 Tax Allocation Bonds
$6,580,000
1991 Loan from the Rancho. Mirage Joint
Powers Financing Authority 7,930,000
Regarding the 1991 Loan, an additional $3,570,000 outstanding (for a total of $11,500,000) could
not. be refinanced by the 1994 Tax Allocation Refunding Bonds as discussed previously.
408
1997A Tax Allocation Parit Bonds and 1997B~ Subordinate Tax Allocation Bonds - In October
A enc 's Whitewater Pro~ect Area issued $4,850,000 of Tax Allocation
1997, the Redevelopment g y ~
Parit Bonds Series 1997A and $3,575,000 of Subordinate Tax Allocation Bonds, Series 19978.
y '
These bonds were issued for the purpose of financing certarn improvements in the Whitewater
Redevelo ment Project Area of the Agency. Future debt service will be paid from the Whitewater
p J
Project Area's tax increment revenue.
1999A Tax Allocation Bonds - In July 1999, the Redevelopment Agency's. Northside Project Area
issued $8 680 000 of Tax Allocation Bonds Series. 1999A. These bonds .were issued for the
u ose of financing certain public improvements in the Northside Project Area of the Agency.
p~
Future debt service will be paid from the Northside Project Area's tax increment revenue.,
2001A-1 Subordinate Tax Allocation and 2001A-E Subordinate Tax Allocation Bonds - In July
ment A enc 's Whitewater Pro' ect Area issued $2,340,000 of Subordinate Tax
2001, the Redevelop g y J
Bonds Series 2001A-1 and $4,680,000 of Subordinate Tax Allocation Bonds, Series
Allocation ,
2001A-E. These bonds were issued for the purpose of financing .certain improvements in the
r Redevelo ment Project Area of the Agency. Future debt service will be paid from the
Whitewate p ~
Whitewater Project Area's tax increment revenue.
2001 A-1 Tax Allocation 200.1 A-E Tax .Allocation Bonds 2001 B-1 Subordinate Tax Allocation
Bonds and 2001B-E Subordinate Tax Allocation Bonds - In July 2001, the Redevelopment
' Pro' ect Area issued $16 860,000 of Tax Allocation Bonds, Series 2001 A- 1,
Agency s Northside ~
14 425 000 of Tax Allocation Bonds, Series 2001A-E, $3,440,000 of Subordinate Tax Allocation
$ ,
Bonds Series 2001 B-1 and $1,195,000 of Subordinate Tax Allocation Bonds, Series 2001 B-E.
The 20O1A bonds were issued for the urpose of financing certain improvements in the Northside
p
Project Area. The 2001B bonds were issued for the purpose advance refunding $3,010,000 of the
J
outstandin 1991 A Civic Center Revenue Bonds and financing certain improvements in the
g ,
Northside Pro' ect Area. Future debt .service will be paid from the Northside Prod ect Area s tax
J
increment revenue.
2A ubordinate Tax Allocation Bonds - In January 2002, the. Redevelopment Agency's
200 S
hitewater Project Area issued $7,895,000 of Subordinate ,Tax Allocation Bonds, Series 2002A.
W ~
These bonds were issued for the purpose of financing certain Improvements In the Whitewater
Project Area of the A enc .Future debt service will be paid from the Whitewater
Redevelopment ~ g Y
Project Area's tax increment revenue.
f llowin a es are the debt service schedules for the bond issues previously discussed in
On the o g p g
this section except.
409
CITY OF RANCHO MIRAGE
1995 LIBRARY LEASE REVENUE BONDS
DEBT SERVICE SCHEDULE
YEAR ENDED PRINCIPAL INTEREST INTEREST TOTAL TOTAL OIS
JUNE 30 (AUGUST 1) (AUGUST 1) (FEBRUARY 1' INTEREST DEBT SERVICE PRINCIPAL
2004 45,000 98,581 97,343 195,924 240,924 3,105,000
2005 50,000 97,343 95,943 193,286 243,286 3,055,000
2006 50,000 95,943 94,518 190,461 240,461 3,005,000
2007 55,000 94,518 92,937 187,455 242,455 2,950,000
2008 55,000 92,937 91,342 184,279 239,279 2,895,000
2009 60,000 91,342 89,579 180,921 240,921 2,835,000
2010 65,000 89,579 87,662 177,241 242,241 2,770,000
2011 70,000 87,662 85,562 173,224 243,224 2,700,000
2012 70,000 85,562 83,462 169,024 239,024 2,630,000..
2013 75,000 83,462 81,174 164,636 239,636 2,555,000
2014 80,000 81,174 78,734 159,909 239,909 2,475,000
2015 85,000 78,734 76,099 154,834 239,834 .2,390,000
2016 90,000 76,099 73,309 149,409 239,409 2,300,000
2017 95,000 73,309 70,341 143,650 238,650 2,205,000
2018 100,000 70,341 67,216 137,556 237,556 2,105,000
2019 110,000 67,216 63,751 130,966 240,966 1,995,000
2020 115,000 63,751 60,128 123,879 238,879 1,880,000
2021 125,000 60,128 56,144 116,272 241,272 1,755,000
2022 130,000 56,144 52,000 108,144 238,144 1,625,000
2023 140,000 52,000 47,520 99,520 239,520 1,485,000
2024 150,000 47,520 42,720 90,240 240,240 1,335,000
2025 155,000 42,720 37,760 80,480 235,480 1,180,000
2026 165,000 _
37,760 32,480 70,240 235,240 1,015,000
2427 180,000 32,480 26,720 59,200 239,200 835,000
2028 190,000 26,720 20,640 47,360 237,360 645,000
2029 200,000 20,640 14,240 34,880 234,880 445,000
2030 215,000 14,240 7,360 21,600 236,600 230,000
2031 230,000 7,360 0 7,360 237,360 0
RANCHO MIRAGE REDEVELOPMENT AGENCY
1994 A WHITEWATER TAX ALLOCATION BONDS
DEBT SERVICE SCHEDULE
YEAR ENDED PRINCIPAL INTEREST INTEREST TOTAL TOTAL 0/S
JUNE 30 (APRIL 1) (APRIL 1) (OCTOBER 1) INTEREST DEBT SERVICE PRINCIPAL
2004 455,000 495,065 495,065 990,130 1,445,130 19,335,000
2005 475,000 484,828 484,828 969,655 1,444,655 18,860,000
2006. 500,000 473,903 473,903 947,805. 1,447,805 18,360,000
2007 520,000 462,153 462,153 924,305 1,444,305 17,840,000
2008 545,000 449,673 449,673 899,345 1,444,345 ,17,295,000
2009 570,000 436,320 436,320 872,640 1,442,640, 16,725,000
2010 600,000 421,500 421,500 843,000 1,443,000 16,125,000
2011 635,000 405,900 405,900 811,800 1,446,800 15,490,000
2012 670,000 389,390 389,390 778,780 1,448,780 14,820,000
2013 715.,000 371,910 371,970 743,940 . 1,458,940 14,105,000
2014 755.,000 353,380 353,380 706,760 1,461,760. 13,350,000
2015 795,000 333,750 333,750 667,500 1,462,500 12,555,000
2016 830,000 313,875 313,875 627,750 1,457,750 11,725,000
2017 870,000 293,125 .293,125 586,250 1,456,250 10,855,000
2018 915,000 271,375. .271,375 542,750 1,457,750 9,940,000
2019 965,000 248,500 248,500 497,000 1,462,000 8,975,000
2020 1.,625,000 224,375 224,375 448,750 2,073,750 7,350,000
2021. 1,705,000 1.83,750 183,750 367,500 2,072,500 5,645,000
2022 1,790,000 141,125 1.41,125 282,250 2,072,250 3,855,000
2023 1,880,000 96,375 96,375 192,750 2,072,750 1,975,000
2024 1,975,000 49,375 49,375. „x,750 2,073,750 0
41.0
RANCHO MIRAGE REDEVELOPMENT AGENCY
1994A NORTHSIDE TAX ALLOCATION BONDS
DEBT SERVICE SCHEDULE
YEAR ENDED PRINCIPAL.
JUNE 30 (APRIL 1) 1NTEREST
(APRIL 1) INTEREST
(OCTOBER 1) TOTAL
INTEREST TOTAL
DEBT SERVICE OIS
PRINCIPAL
2004 200,000 403,925 403,925 807,850 1,007,850 15,380,000
2005 215,000 399,425 399,425 798,850 1,013,850 15,165,000
2006 220,000 394,480 394,480 788,960 1,008,960 14,945,000
2007 230,000 389,310 389,310 778,620 . 1,008,620 14,715,000
2008 240,000 383,790- 383,790. 767,580 1,007,580. 14,475,000
2009 255,400 377,910 377,910 755,820 1,010,820 14,220,000
2010 265,000 371,280 371,280 742,560 1,007,560 13,955,000
2011 280,000 364,390 364,390 728,780 1,008,780 13,fi75,000
2012 295,000 357,110 357,110 714,220 1,009,220 13,3$0,000
2013 310,000 349,440 349,440 698,880 1,008,880 13,070,000
2014 330,000 341,380 341,380 682,760 1,012,760 12,740,000
2015 345,000 332,800 332,800 665,600 1,010,640 12,395,000
2016 360,000 324,175 324,175 648,350 1,008,350 12,435,000
201.7 380,000 315,175 315,175 630,350 1,010,350 11,655,000
2018 730,000. 305,675 305,675 .611,350 1,341,350 10,925,004
2019 .765,000 .287,425 287,425 574,850 1,339,850 10,160,000
2020 805,000 268,300 .268,300 536,600 1,341,600. 9,355,000
2021 845,000 248,175 248,175 496,3.50 1,341,350 8,51.0,000
2022 885,000 227,050 227,050 454,100 1,339,100 7,625,000
2023 930,000 204,925 204,925- 409,850 1,339,850 6,695,000
2024 975,000 181,675 181,675 363,354 1,338,350 5,720,000
2025 1,025,000 157,300 157,300 314,604 1,339,600 4.,695,000
2026 1,080,400 129,113 129,113 258,225 1,338,225 3,615,004
2027 1,140,000 99,413 99,413 1.98,825 1,338,825 2,475,000
2028 1,205,400 68,063 b8,063 136,125 1;341,125 1,270,000
2029 1,270,000 34,925 34,925 69,850 1,339,850 0
RANCHO MIRAGE REDEVELOPMENT AGENCY.
1997A WHITEWATER TAX ALLOCATION PARITY BONDS
DEBT SERVICE SCHEDULE
YEAR ENDED PRINCIPAL
JUNE 30 (APRIL 1) INTEREST
(APRIL 1) INTEREST
(OCTOBER 1) TOTAL
INTEREST TOTAL
DEBT SERVICE OIS
PRINCIPAL
2004. 120,000 111,112 111,112 222,224 342,224 :4,185,000
2005 125,000 148,472 108,472 216,944 341,944 4,460,000
2006 130,000 105,660. .105,660 211,320 341,320 3,930,000
2007 135,000 102,669 102,669 205,338 340,338 3,795,000
2008 145,000 99,491 99,497 198,994 343,994 3,650,000
2009 155,000 96,017 96,017 192,034 347,034 3,495,000
2010 160,000 92,220 92,220 184,440 344,440 3,335,000
2011 165,000 88,219 88,219 176,438 341,438 3,170,000
2012 175,000 84,095 84,095 168,190 343,190 2,995,000
2013 185,000 79,632 79,632 159,264 344,264 2,810,000
2014 195,000 74,891 74,891 149,782 344,782 2,615,000
2015 205,040 69,821 69,821 139,642 344,642 2,410,000
2016 215,000 64,491 64,491 128,982 343,982 2,195,000
2017 230,000 58,847 58,847 117,694 347,694 1,965,000
2018 240,000 52,810 52,810 105,620 . 345,620 1,725,400
2019 250,000 46,450 46,450 92,900 342,900 1,475,000
2020 265,000 39,,825 39,825 79,650 344,650 1,214,000
2021 280,000 32,670 32,670 65,340 345,340 930,000
2022 295,000 25,110 25,110 50,220 345,220 635,000
2023 310,000 17,145 17,145 34,290 344,290 325,000
2024 325,000 8,775 8,775 17,550 342,550 0
411
RANCHO MIRAGE REDEVELOPMENT AGENCY
19976 WHITEWATER TAX ALLOCATION SUBORDINATE BONDS
DEBT SERVICE SCHEDULE
YEAR ENDED PRINCIPAL
JUNE 30 (APRIL 1) INTEREST
(APRIL 1) INTEREST
(OCTOBER 1) TOTAL
INTEREST TOTAL
DEBT SERVICE OIS
PRINCIPAL
2004 90,000 82,156 . 82,156 164,312 254,312 3,095,000
2005 95,000 80,175 80,175 160,350 255,350 3,000,000
2006 100,000 78,038 78,038 156,076 256,076 2,900,000
2007 105,000 75,738 75,738 151,476 256,476 2,795,000
2008. 110,000 73;270 73,270 146,540 256,540 2,685,000
2009 110,000 70,630 10,630 141,260 251:,260 2,575,000
2010 120,000 67,936 67,936 135,872 255,872 2,455,000
2011 125,000. 64,936 64,936 129,872 254,872 2,330,000
2012 130,000 61,810 61,810 123,620. 253,620 2,200,000
2013 135,000 58,496 58,496 116,992 251,992 2,065,000
2014 145,000 54,036 54,036 108,072 253,072 1,920,000
2015 150,000 51,266 51,266 102,532 252,532 1,770,000
2016 160,000 47,366 47,366. 94,732 254,732 1,610,000
2017 165,000 43,166 43,166 86,332 251,332, 1,445,000
2018 175,000 38,835 38,835 77,670 252,670 1,270,000
2019 185,000 34,198 34,198 68,396 253,396 1,085,000
2020 195,000 29,295 29,295 58,590 253,590 890,000
2021 205,000 24,030 24,030 48,060 253,060 685,000
2022 215,000 18,495 18,495 36,990 251,990 470,000
2023 230,000 12,690 12,690 25,380 255,380 240,000
2024 240,000 6,480 6,480 12,960 252,960 0
RANCHO MIRAGE REDEVELOPMENT AGENCY
1999A NORTHSIDE TAX ALLOCATION BONDS
DEBT SERVICE SCHEDULE
YEAR ENDED PRINCIPAL
JUNE 30 (APRIL 1) INTEREST
(APRIL 1) INTEREST
(OCTOBER 1) TOTAL
INTEREST TOTAL
DEBT SERVICE OIS
PRINCIPAL
2004 0 231,005 231,005 462,010 462,010 8,680,000
2005 45,000 231,005 231,005 462,010 507,010 8,635,000
2006 45,000 230,026 230,026 460,052 505,052 8,590,000
2007 50,000 229,025 229,025 458,050 508,050 8,540,000
2008 50,000 227,887 227,888 455,775 505,775 8,490,000
2009 55,000 226,725 226,725 453,450 508,450 8,435,000
2010 55,000 225,418 225,419 450,837 505,837 8,380,000
2011 60,000 224,085 224,085 448,170 508;170 8,320,000
2012 60,000 222,600 222,600 445,200 505,200 8,260,000
2013 65,000 221,100 221,100 442,200 507,200 8,195,000
2014 70,000 219,458 219,459 438,917 508,917 8,125,000
2015 70,000 217,674 217,674 435,348 505,348 8,055,000
2016 75,000 215,871 215,871 431,742 506,742 7,980,000
2017 80,000 213,921 213,921 427,842 507,842 7,900,000
2018 85,000 211,821 211,82.1 423,642 . 508,642 7,815,000
2019 90,000 209,590 209,590 419,180. 509,180 7,725,000
2020 95,000 207,227 207,228 414,455 509,455 7,630,000
2021 95,000 204,710 204,710 409,420 504,420 7,535,000
2022 105,000 202,192 202,193 404,385 509,385 7,430,000
2023 11.0,000 ,199,410 199,410 398,820 508,820. 7,320,000
2024 115,000 196,495 196,495 392,990 507,990 7,205,000
2025 120,000 193,447 193,448 386,895 506,895 7,085,000
2026 125,000 190,267 190,268 380,535 505,535 6,960,000
2027 135,400 186,955. 186,955 373,910 508,910 . 6,825,000
2028. 140,000 183,377 183,378 366,755 506,755 6,685,000
2029 145,000 179,667 179,668 359,335 504,335 6,540,000
2030 1,510,000 175,825 175,825 351,65Q 1,861,650 5,030,000
2031 1,590,000 _135,810 135,814 271,620 1,861,620 3,440,000
2032 1,675,000 92,880 92,880 185,760 1,860,760 1,765,000
2033 1,765,000 47,655 47;655 95,310 1,860,310 D
41.2
RANCHO MIRAGE REDEVELOPMENT AGENCY
2001A•1 WHITEWATER SUBORDINATE TAX ALLOCATION BONDS
DEBT SERVICE SCHEDULE
YEAR ENDED PRINCIPAL
JUNE 30 (APRIL 1) INTEREST
(APRIL 1) INTEREST
(OCTOBER 1) TOTAL
INTEREST TOTAL
DEBT SERVICE OIS
PRINCIPAL
2004 75,000 49,674 49,674 99,348 174,348 2,105,000
2005 .75,000 48,268 48,268 96,536 171,536 2,030;000
2006 75,000 46,862 46,862 93,724 168,724 1,955,000.
2007 80,000 45,456 45,456. 90,911 170,911 1,875,000
2008 80,000 43,956 43,956 87,911 167,911 1,795,000
2009 90,000 42,456 42,456 84,911 114,911 1,705,000
2010 90,000 40,656 40,656 81,311.. 171,311 1,615,000
2011- 95,000 38,856 38,856 77,711 172,711 1,520,000
2012 100,000 36,896 36,896 73,793 173,793 1,420,000
2013 .100,000 34,771 34,771 69,543 169,543 1,320,000
2014 105,000 32,584 32,584 65,168 170,168 1,215,000
2015 110,000 30,169 30,169 fi0,338 170,338 1,105,000
2016 115,000 27,625 27,625 55,250 170,250 990,000
2017 125,000 24,750 24,750 49,500 174,500 865,000
2018 130,000 21,625 .21,625 43,250 173,250 . 735,000
2019 .135,000 ,18,375 18,375 36,750 17.1,750 600,000
2020 140,000 15,000 15,000 30,000 170,000 460,000
2021 145,000 11,500 11,500 23,000 168,000 315,000
2022 155,000 7,875 7,875. .15,750 170,750 160,000
2023 160,000 4,000 4,000 8,000 168,000 0
RANCHO MIRAGE REDEVELOPMENT AGENCY
2041A-E WHITEWATER SUBORDINATE TAX ALLOCATION BONDS
DEBT SERVICE SCHEDULE
YEAR ENDED PRINCIPAL
JUNE 30 (APRIL 1) INTEREST
(APRIL 1) INTEREST
(OCTOBER 1) TOTAL
INTEREST TOTAL
DEBT SERVICE OIS
PRINCIPAL
2004 0 109,939 109,939 219,879 219,879 4,680,000
2005 165,000. 109,939 109,939 219,879 384,879 4,515,000
2006 170,000 106,846 106,846 213,691 383,691 4,345,000
2007 175,000 103,658 103,658 207,316 382,316 4,170,000
2008 185,000 100,377 100,377 200,754 385,754 3,985,000
2009 190,000 96,678 96,678 .193,357 383,357 3,795,000
2010 200,000 92,877 92,877 185,754 385,754 3,595,000
2011 205,000 88,877 . 88,877 177,754 382,754 3,390,000
2012 215,000 84,521 84,521 169,041 384,041 3,175,000
2013 225,000 79,818 79,818 159,635 384,635 2,950,000
2014 235,000. 74,755 74,755 149,510 384,510 2,715,000
2015. 245,000 69,174 69,174 138,348 383,348 2,470,000
2016 260,000 63,294 63,294 126,588 386,588 2,210,000
2017 270,000 56,631 56,631 113,263 383,263 1,940,000
2018 285,000 49,713. 49,713 99,425 384,425 1,655,000
2019 300,000 42,409 42,409 84,819 384,819 1,355,000
2020 315,000 34,722 34,722 69,444 384,444 1,040,000
2021 330,000 26,650 26,650 53,300 383,300 710,000
2022 345,000 18,194 18,194 3fi,388 381,388 365,000
2023 365,000 9,353 9,353 18,706 383,706 0
41.3
RANCHO MIRAGE REDEVELOPMENT AGENCY
2001A-1 NORTHSIDE TAX ALLOCATION BONDS
DEBT SERVICE SCHEDULE
YEAR ENDED PRINCIPAL INTEREST INTEREST TOTAL TOTAL O1S
JUNE 30 (APRIL I) (APRIL I) (OCTOBER 1) INTEREST DEBT SERVICE PRINCIPAL.
2004 440,400 369.,606 369,606 739,212 1,179,212 15,410,000
2005 405,000 361,356 361,356 722,713 1,127,713 15,005,000
2006 425,000 353,763 353,763 707,525 1,132,525. 14,580,000
2007 440,000 345,794 345,794 691,588 1,131,588 14,140,000
2008 460,000 337,544 337,544 675,088 1,135,088 13,680,000
2009 470,000 328,919 328,919 657,838 1,127,838 13,210,000
2010 495,000 319,519 319,519 639,038 1,134,038 12,715,000
2011 510,000 309,619 309,619 619,238 1,129,238 12,205,000
2012 535,000 299,100 299,100 598,200 1,133,200 1.1,670,000
2013 555,000- 287,731 287,731 575,463. 1,130,463 11,115,000
2014 575,000 275,591 275,591 551,181 1,126,181 10,540,000
2015 605,000 262,366 262,366 524,731 1,129,731 9,935,000
2016 635,000 248,375 248,375 496,750 1,131,750 9,300,000
2017 665,000 232,500 232,500 465,000 1,130,000 8,635,000
2018 365,000 215,875 215,875 431,750 796,750 8,270,000
2019 385,000 206,750 206,750 413,500 198,500 7,885,000
2020 400,000 197,125 197,125. 394,250 794,250 7,485,000
2021 425,000 187,125 187,125 374,250 799,250 7,060,000
2022 445,000 176,500 176,500 353,000 798,000 6,615,000
2023 465,000 165,375 165,375 330,750 795,750 6,150,000.
2024 495,000 153,750 153,750 307,500 802,500 5,655,000
2025 520,000 141,375 141,375 282,750 802,750 5,135,000
2026 545,000 128,375 128,375 256,750 801,750 4,590,000
2027 570,000 114,750 114,750 229,500 799,500 4,020,000
2028 600,000 100,500 100,500 201,000 801,000 3,420,000
2029 630,000 85,500 85,500 171,000 801,000 2,790,000
2030 645,000 69,750 69,750 139,500 784,500 2,145,000
2031 680,000 53,625 53,625 107,250 787,250 1,465,000
2032 715,000 36,625 36,625 13,250 788,250 750,000
2033 750,000 18,750 18,750 37,500 787,500 0
RANCHO MIRAGE REDEVELOPMENT AGENCY
2001A-E NORTHSIDE TAX ALLOCATION BONDS
DEBT. SERVICE SCHEDULE
YEAR ENDED PRINCIPAL INTEREST INTEREST TOTAL TOTAL OIS
JUNE 30 (APRIL 1) (APRIL 1) (OCTOBER 1) INTEREST DEBT SERVICE PRINCIPAL
2004 0 359,597 359,597 719,194 . 719,194 14,425,000
2005 250,004 359,597 359,597 719,194 969,194 14,175,000_
2006 255,000 354,909 354,909 709,819 964.,819 13,920,000
2007 265,000 350,128 350,128 700,256 965,256 13,655,000
-2008 275,000 345,159. 345,159 690,319 965,319 13,380,000
2009 2$5,000 339,659 339,659 679,319 964,319 13,095,000
2010 300,000- 333,959 333,959 667,919 967,919 12,795,000
2011 310,000 327;959 327,959 655,919. 965,919 12,485,000
2012 325,000 321, 566 .321, 566 643,131 968,131 12,160,000
2013 340,000 314,456 314,456 628,913 968,913 11,820,000
2014 355,000 306,806 306,806 613,613 968,613 11,465,000
2015 370,000 298,375 298,375 596,750 966,750 11.,095,000
2016 390,000 289,588, 289,588 579,175 969,175 10,705,000.
2017 405,000 279,594 279,594 559,188 964,188 10,300,000
2018 430,000 . 269,216 269,216. 538,431 968,431 9,870,000
2019 450,000 .258,197 258,197 516,394 966,394 9,420,000
2020 475,000 246;666 246,666 493,331 968,331 8,945,000
2021 500,000 234,494 234,494 .468,986 968,988 8,445,000
2022 .525,000 221,681 221,681 443,363 968,363 . 7,920,000
2023 550,000 207,900 . 207,900 415,800 965,800 7,370,000
2024 580,000 193,463 193,463 386,925 966,925 6,790,000
2025 610,000 .178,238 178,238 356,475 966,475 6,180,000
2026 640,000 162,225 162,225 324;450 964,450 5,540,000
2027 675,000 145,425 145,425 290,850 965,850 4,865,000
2028 710,000 127,706 127,106. 255,413 965,4.13 4,155,000
2029 750,000 109,069 109,069 218,138 968,138 3,405,000
2030 785,000 89,381 89,381 178,.763 963,763 2,620,000
2031 830,000 68,775 68,775 137,550 967,550 1,790,000
2032 870,000 46,988 46,988 93,975 963,975 920,000.
2033 920,000 24,150 24,150 48,300 _968,300 0
414
RANCHO MIRAGE REDEVELOPMENT AGENCY
20018.1 NORTHSIDE SUBORDINATE TAX ALLOCATION BONDS
DEBT SERVICE SCHEDULE
YEAR ENDED PRINCIPAL
JUNE 30 (APRIL 1) INTEREST
(APRIL 1) INTEREST
(OCTOBER 1) TOTAL
INTEREST TOTAL
DEBT SERVICE 0!S
PRINCIPAL
2004 50,000 88,562 88,562 177,124 227,124 3,250,000
2005 50,000 87,624 87,624 175;249 225,249 3,200,000
2006 55,000 86,687 86,687 173,374 228,374 3,145,000
2007 55,000 ,85,587 85,587 171,174 226,174 3,090,000
2008 60,000 84,453 84,453 168,905 228,905 3,030,000
2009 60,000 83,178. 83,178 166,355 226,355 2,970,000
2010 65,000 .81,865 81,865 163,730 228,730 2,905,000
2011 65,000 .80;370 80,370 160,740 225,740 2.,840,000
2012 70,000 78,843 78,843 157,685 227,685 2,770,000
2013 75,000 77,163 77,163 154,325 229,325 2,695,400
2014 75,000 75,100 75,100 150,200 225,200 2,620,000
2015 80,000 73,038 73,038 146,075 226,075 2,540,000
2016 85,000 70,838 70,838 141,675 226,675 2,455,000
2017 90,000 68,500 68,500 137,000 227,000, 2,365,000
20.18 95,000 66,025 66,025 1.32,050 227,050 2,270,000
2019 100,000 63,413 63,413 126,825 226,825 2,170,000
2020 105,000 60,663 60,663 121,325 226,325 2,065,000
2021 110,000 57,.775 57,775 115,550 225,550 1,955,000
2022 120,000 54,750 54,750 109,500 229,500 1,835,000
2023 1.25,000 51,450 51,450 102,900 227,900 1,710,000
2024 130;000 48,013 48,013 96,025 226,025 1,580,000
2025 140,000 44,438 44,438 88,875 228,875 1,440,000
2026 145,000 40,500 40,500 81,000 226,000 1,295,000
2027 155,000 36,422 36,422 72,844 227,844 1,140,000
2028 165,000 32,063 32,063 64,125 229,125 975,000
2029 175,000 27,422 27,422 54,844 229,844 800,000
2030 185,000 22,500 22,500 45,000 230,400 615,000
2031 195,000 17,297 17,297 34,594 229,594 420,000
2032 205,000 11,813 11,813 23,625 228,625 215,000
2033 215,000 6,047 6,047 12,094 227,094 0
RANCHO MIRAGE REDEVELOPMENT AGENCY
20018•E NORTHSIDE SUBORDINATE TAX ALLOCATION BONDS
DEBT SERVICE SCHEDULE
YEAR ENDED PRINCIPAL
JUNE 30 (APRIL 1) INTEREST
(APRIL 1) INTEREST`
(OCTOBER 1) TOTAL
INTEREST TOTAL
DEBT SERVICE O/S
PRINCIPAL
2004 0 32,808 32,808 65,616 65,616 1,195,000
2005 20,000 32,808 32,808. 65,616 85,616 1,175,000
2006 20,000 32,408 32,408 64,816 84,816 1,155,000
2007 20,000 32,008. 32,008 64,016 84,016 1,135,000
2008 20,000 31,583 31,583 .63,166 83,166 1,115,000
2009 20,000 31,146 31,146 62,291 82,291 1,095,000
2010 25,000 30,696 30,696 61,391 86,391 1,070,000
2011 25,000 30,118 30,118 60,235 85,235. 1,045,000
2012 25,000 29,530 29,530 59,060 84,060 1,020,000
2013 25,000 28,905 28,905 57,810 82,810 995,000
2014 30,000 28,202 28,202 56,404 86,404 965,000
2015 30,000 27,358 27,358 54,716 84,716 935,000
2016 30,000 26,514 26,514 53;029 83,029 905,000
2017 35,000 25,671 25,671 51,341 86,341 870,000
2018: 35,000 24,686 24,686 49,373 84,373 835,000
2019 35,000 23.,702 23,702 47,404 82,404 800,000
2020 40,000 22,718 :22,718 45,435 85,435 760,000
2021 40,000 21,593 21,593 43,185 83,185 720,000
2022 45,000 20,468 20,468 40,935 85,935 675,000
2023 45,000 19,202 19,202 38,404 83,404 630,000
2024 50,000 17,936 17,936 35,873 85,873 580,000
2025 50,000 16,530 16,530 33,060 83,060 530,000
2026 55,000 15,105 15,105 30,210 85,210 475,000
2027 55,000 13,538 13,538 27,075 82,075 420,000
2028 60,000 11,970 11,970 23,940 83,940 360,000
2029 65,000 10,260 10,260 20,520 85,520 295,000
2030 70,000 8,408 8,408 16,815 86,815 225,000
2031 70,000 6,413 6,413 12,825 82,825 155,000
2032 75,000 4,418 4,418 8,835 83,835 80,000
2033 80,000 2,280 2,280 4,560 84,560 0
41.5
RANCHO MIRAGE REDEVELOPMENT AGENCY
2002A WHITEWATER SUBORDINAT€ TAX ALLOCATION BONDS
DEBT SERVICE SCHEDULE
YEAR ENDED PRINCIPAL
JUNE 30 (APRIL 1) INTEREST
(APRIL 1) INTEREST
(OCTOBER 1) TOTAL
INTEREST TOTAL
DEBT SERVICE O/S
PRINCIPAL
2004 410,000 154,683 154,683 309,365 719,365 7,090,000
2005 365,000 148,533 148,533 297,065 662,065 6,725,000
2006 375,400 , 143,058 143,058. 286,115 661,115 6,350,000
2007 390,000 136,964 1.36,964 273,928 663,928 5,960,000
2008 400,000 130,139 130,139 260,278 660,278 5,560,000
2009 415.,000 122,889 122,889 245,778 660,778 5,145,000
2010 435,000 114,848, 114,848 229,696 664,696 4,710,000
2011 450,000 106,148 106,148 212,296 662,296 4,260,000
2012 465,000 96,867 96,867 193,734 658,734 3,795,000
2013 475,000 87,276 87,276 174,553 649,553 3,320,000
2014 495,000 77,064 77,064 154,128 649,128 2,825,400
2015 515,000 66,174 66,174 132,348 647,348 2,310,000
2016 540,000 54,329 54,329 108,658 648,658 1,770,000
2017 565,000 41,909 41,909 83,818 648,818 1,205,000
2018 590,000 28,773 28,173 57,545 647,545 615,000
2019 615,000 14,760 14,760 29,520 644,520 0
416
RANCHO MIRAGE REDEVELOPMENT AGENCY
FY 2003-04 and FY 2004-05 DEBT SERVICE
WHITEWATER PROJECT AREA #1
1994 TAX ALLOCATION. BONDS
FY 03-04 FY 04-05
Purpose: Refunded the 1987 and 1989 tax allocation bonds Principal $ 455,000 $ 475,000
Principal issued for flood control and economic
~ incentive purposes, respectively, and the 199'1 JPFA Interest 990,130 969,655
loan for Civic Center construction
Total $ 1,445,130 $ 1,444,655
1997 TAX ALLOCATION BONDS SERIES A and B
Purpose: Paid advance to the General Fund; balance held in
Series A trust to .reimburse General -Fund for
capital project expenditures pursuant to the federal
tax law
2001 TAX ALLOCATION BONDS SERIES A-1 and A-E
Purpose: To finance certain improvements in the
Whitewater Project Area.
2002A TAX ALLOCATION BONDS
Purpose: To finance certain improvements in the
Whitewater Project Area.
TOTAL WHITEWATER PROJECT AREA #1 DEBT SERVICE
SERIES A
Principal $ 120,000 $ 125,000
Interest 222,224 216,944
Total $ 342,224 $ 341,944
SERIES B
Principal $ 90,000 $ 95,000.
Interest 164,312 160,350
Total $ 254,312 $ 255,350
SERIES A-1
Principal $ 75,000. $ 75,000
Interest 99,348 96,536
Total $ 174,348 $ 171,536
SERIES A-E
Principal $ - $ 165,000
Interest 219,879 219,879
Tbta I $ 219, 879 $ 384, 879
Principal. $ 410,000 $ 365,000
Interest 309,365 297,065
Total $ 719,365 $ 662,065
$ 3,155,258 $ 3,260,429
417
RANCHO IVIIR~-GE FtEDEi/ELOPMEiVT AGEiVCY
FY 2003-04 and FY 2004-05 DEBT SERVICE
NORTHSIDE hR®JECT ARE~- ~2
FY 03-04 FY 04-05
Purpose: 1994A TAX ALLOCATION BONDS
Refunded the 1990 tax allocation bonds issued for Principal $ 200,000 $ 215,000
flood control purposes and all but $3,570,000 of the
1991 JPFA. Civic Center Loan Interest 807,850 798,850
Total $ 1,007,850 $ 1,013,850
Purpose: 1999A TAX ALLOCATION BONDS
To finance certain improvements in the Redevelopment Principal $ - $ 45,000.
Redevelopment Plan - ,1984 Project, Area
Interest 462,010 462,010
Total $ 462,010 $ 507,010
Purpose: 2001 TAX ALLOCATION BONDS SERIES A-1
To finance certain improvements in the Northside Project Principal $ 440,000 $ 405,000
Area and to pay off the balance of the 1991 JPFA
Civic Center Bonds Interest 739,21.2 722,713
Total $ 1,179,212 $ 1,127,713
SERIES A-E
Principal $ - $ 250,000
Interest 7.19,194 719,194
Total $ 719,194 $ 969,194
SERIES B-1
Principal $ 50,000 $ 50,000
Interest 177.,124 .175,249
Total $ 227,124. $ 225,249
SERIES B-E
Principal $ - $ 20,000
Interest 65,616 65,616
Tota i $ 65, 616 $ 85, 616
TOTAL NORTHSIDE PROJECT AREA #2 DEBT SERVICE $ 3,661,006 $ 3,928,632.
418
CITY OF RAnC O MIRAGE
~ ~
~~ LONG RANGE FINANCIAL PLANNING
.2i ~~
Since 1989, staff has annually prepared aten-.year financial projection of the General Fund for
review by the City Council. The purpose of preparing the projection is to provide the City Council
and staff with along-range financial forecast in order to avoid future financial problems.
The process for developing the forecast consists of an annual review of revenue and expenditure
assumptions for the ten-year period. Revenue estimates are based on available financial data such
as interest rates, inflation, development activities within the City, State budget actions and
population growth. Expenditure assumptions focus on anticipated costs for law enforcement
services provided by the Riverside County Sheriffs Department, number of City staff, growth in
General Fund operating costs and needed capital improvements.
The revenue and expenditure assumptions that are annually updated are not influenced by an
attempt to maintain a certain fund balance level. Staff attempt to develop reasonable and
defensible revenue and expenditure assumptions without considering their impact on fund balance.
Two ten-year projections are prepared annually. The first projection and its assumptions are on
subsequent pages. The projection reflects projections of General fund revenues, operating and
capital expenditures, total expenditures and undesignated fund balance. The projection assumes
no significant economic development activities in the City. As can be seen, the prof ection portrays
a very favorable financial condition.
The second projection incorporates the assumptions from the first projection and includes the
projected impact from the further sale of City-owned land and development at the Monterey
Marketplace.
419
July 1, 2003
CITY OF RANCHO MIRAGE
GENERAL FUND
TEN YEAR FINANCIAL FORECAST ASSUMPTIONS
CHART N0.1
The following ten year report evaluates the relationship between existing revenue sources, expenditures projected to generally
increase at 3.5% (inflation rate), a desired capital improvement budget and year end fund balances.
Our goal is to anticipate future expenditures and make reasonable projections of revenues, spend $2.5 million per year for capital
improvements beginning FY 1988-89 adjusted for inflation which now equates to approximately $3,845,000, maintain a fund
balance (prudent reserve) equivalent to one year's operating expenditures, and limit operating expenditures to operating
revenues.
LINE
REVENUE ASSUMPTIONS
.
8 - Interest Income estimated based on the previous year's undesignated fund balance and reserved license tax. Year 1 of
$1,600,000 (yield of 3.5%); Year 2 of $1,700,000 (yield of 3.3%); Years 3 -10 - 4% yield.
9 - Sales Tax -Year 1 of $4,830,500. This assumes 6% growth over the FY 2002-03 estimate of $4.1 million + an
additional $480,500 for known projects opening in late FY 2002-03 or FY 2003-04. Year 2 of $5,120,330 - a 6%
increase. Years 3 -10: 6% growth also. Average annual increase during the last five years ended June 30, 2002 of
4.50% and last 18 years of 6.03%.
10 - Transient Occupancy Tax projections assume no new resort hotels. Year 1 of $5,525,000; year 2 of $5,774,000; years
3-10: 6% growth based on 3% increases in room rates and occupancy. The additional occupancy is the anticipated
impact of increased funding to the CVA and associated promotional activities. Average annual increase during the last
5 years of 1.76% and 18 years of 8.52%.
YEAR CPI ADDITIONAL OCCUPANCY TOTAL
1. FY 03-04 3.0% - 3.0
2. FY 04-OS 3.0 1.5 4.5
3. FY OS-06 3.0 ~ 3.0 6.0
4. FY 06-07 3.0 3.0 6.0
S. FY 07-08 3.0 3.0 6.0
6. FY 08-09 3.0 3.0 6.0
7. FY 09-10 3.0 3.0 6,0
8. FY 10-11 3.0 3.0 6.0
9. FY 11-12 3.0 3.0 6.0
10. FY 12-13 3.0 3.0 6.0
11- Property Tax - 7% for years 1-10. Year 1 of $730,800 and Year 2 of $782,000. Assumes 2% of the 7% property tax
growth is based on existing assessed value of $4.20 billion pursuant to Proposition 13. Average last 5 year assessed
value growth rate of 8.62% ending June 30, 2003 and last 19 years of 6.72%. Assessed value for FY 2002-03 is up
12.97% over FY 2001-02.
12 - Community Development Fees -Year 1 of $1,700,000; year 2 of $1,550,000. Years 3 -10:7.5% growth. Average
last 5 years through June 30, 2002 of 27.37% and 18 years of 7.49%.
13 - License Tax $1.25/sq. ft. -Year 1 of $3 million; Year 2 of $2,750,000; years 3-10:7.5% growth. This revenue source
is used exclusively for capital projects. Average annual increase during the last 5 years of 28.44% and 10 years of
16.54%.
14 - Franchise Tax -Year 1 of $879,508 and year 2 of $ $924,359; years 3-10: 3.0% growth. Average annual increase
during the last 5 years of 3.61 % and 18 years of 5.74%. CPI is not applied to waste management franchise fee as of
July l; 2000.
420
TEN YEAR FINANCIAL FORECAST ASSUMPTIONS
CHART N0.1
Page 2
15 - Business License -Year 1 of $207,000; Year 2 of $219,400; years 3 -10: 6% growth. Average annual increase
during the last 5 years of 10.01 % and 18 years of 6.64%.
16 - Motor Vehicle License Fee - 6% for years 1-10. Year 1 of $868,000 and Year 2 of $920,100. Average annual
increase :during the last 5 years of 12.02% and 18 years of 10.12%.
17 - Public Works Fees -Year 1 of $562,000; year 2 of $499,000; years 3 -10:7.5% growth. Average annual increase
during the last 5 years of 15.39% and 18 years of 8.77%.
18 - Real Property Transfer Tax -Years 1-10: 6% growth. Year 1 of $382,800; Year 2 of $4.09,600. Average annual
increase during the last 5 years of 17.43% and 18 years of 6.51%.
19 - Other -This revenue category includes revenues not included in any other category and can fluctuate significantly
from year to year. Years 1 and 2 of $337,500. Year 3 is reduced to $137,138 due to no further $205,000 annual
payments from the Westin Time Share increased by 3.5% CPI. Years 4 - l0: increase~3.5% annually. Average
annual increase during thelast 5 years of 42.55% and. 7 years of 30.10%.
20 - RDA/Housing Authority/Other Reimbursement - In previous Ten Year Proj ections, this revenue category was included
in Other revenue above. It is now separately identified because it is a significant revenue source. The .annual
reimbursement from RDA and the Housing Authority is for General Fund staff support and totals $1.,341,578 for
Year 1 and $1,524,.129 for Year 2. For these two years, there is an additional $749,400 and $444,800, respectively,
for reimbursements frem~ other funds and external sources. Years 3 - lam: RDA/uousil~~g Authority reimbursements
increase 6% annually; other reimbursements ($597, i 00 -the average of $/49,400 &,$444,800) increase annually by
3.5% CPI.
21- RDA interest on capital loans from General Fund. Interest is charged at the portfolio rate of return. See Iine 23
narrative for details.
22 - Community Facilities Districts #1 and #2 -Year 1 of $609,241; year 2 of $713,114; years 3 - I0:10% annual growth.
Average annual increase during the last 5 years of 27.48% and 11 years of 29.12%.
23 - Balance of debt owed to General Fund by RDA and Park Fund totaled $6,262,512 as of June 30, 2.002. $62.5,593 was
previously loaned to the Park Fund to make a contribution to the City of Palm Desert for the Old and New Sports
Complexes. It will be repaid as part of the sale of the Sunny Lane park site. In FY 2000-01 and the two subsequent
years, the General Fund loaned $10,715,727 to RDA Whitewater Project Area for capital improvements. $3,637,020
has been repaid to date leaving an estimated balance as of June 30, 2003 of $7,078,707. Partial repayments are
budgeted in FY 2003-04 and 2004-05. Complete repayment is anticipated no later. than FY 2005-06 fromthe issuance
of tax allocation bonds and the merger of the two RDA project areas.
24 - Sale of land in FY 1998-99 at the Monterey Marketplace for the movie theater.
25 - Sale of existing Library b~ailding once tre new facility is operational. Although $1 million is used as a potential sales
price, no appraisal has been conducted.
LINE EXPENDITURE ASSUMPTIONS
29 - Police expenditures - The FY 2003-04 Preliminary Budget incorporates additional patrol hours sufficient to provide
three patrol deputies daily for day and evening shifts and two patrol deputies for the graveyard shift. No additional
patrol deputies are included in this Ten Year Projection. The Projection does incorporate the addition of 13
additional Community Service Officers to supplement the two CSOs the Sheriff's Department currently has. Three are
being added in FY 2003-04, three in FY 2005-06, three in FY 2006-07 and four in FY 2007-08. Once there are 15
CSOs, there will be one CSO for each patrol deputy. The CSOs will handle minor matters and provide needed crime
prevention patrol. One of the two current CSOs has responsibility for both crime prevention training and patrol.
421.
TEN YEAR FINANCIAL FORECAST ASSUMPTIONS
CIGAR T N0.1
Page 3
30 - Additional staff: One new position every year @ $45,000 salary + $19,200 fringe benefits + $2,000 office expenses x
6% CPI beginning in FY 2005/06. Two new positions, Deputy City Clerk and Associate Planner, were approved for
FY 2003-04. The projected salary and benefits for these two new positions is shown. Additionally, two positions,
City Attorney and Legal Assistant, were eliminated as part of the decision to contract for legal services.
FY 2002/03 = 59.5 (General Fund) full-time employeesll4;965 population=l employee/252 residents
FY 2012/I3 = 67.5 (General Fund) employees/22,741 population = l employee/337 residents
31 - Special contributions -This category includes five annual payments of $50,000 each to the McCallum Theatre
beginning FY 2003-04.
3 2 - Administration, Community Development, Public Works, and Non-departmental increase at 6% CPI. Average annual
increase during the last 5 years of 5.84% and 18 years of 5.44%.
33 - Subsidy to Landscape & Lighting Fund - To eliminate ongoing operating deficit in Citywide Landscaping Fund that is
projected to begin in FY 2002-03 increasing at 3.5% CPI.
34 - Subsidy to Fire Tax Fund -Beginning in FY 2002-03, it is anticipated that the Fire Tax Fund's fund balance will be
depleted because expenditures for. fire protection exceed revenues from property tax, Fire Tax and Fire Excise Tax.
This will require an ongoing General Fund operating subsidy calculated using the Fire Department's ten year
expenditure projection distributed in March 2003.
35 - Subsidy to Library Fund -Beginning in FY 2005-06, it is anticipated that the Library Fund's fund balance will be
depleted because proj ected expenditures at the new Library exceed revenues from property tax revenue and property
tax increment revenue from the Redevelopment Agency.
36 - Construction of a regional park on 25 acres in the area of Home Depot is anticipated in FY2003-04. The budgeted
cost of $4.5 million is to be shared by the License Tax Fund and Northside Capital Projects Fund. $300,000. is
budgeted by the Park Fund in FY 2004-OS for maintenance during the second half of the fiscal year. Ongoing.
maintenance beginning. in FY 2005-06 is shown as a General Fund cost. Subsequent years' maintenance cost
estimated. at $24,000 per acre increasing. 3.5%.
37- ,Loan to Library to retire existing bonds at first call date in August 2005. Outstanding principal at that time is
$3,005,000 + required 2% call premium. The existing bonds were refinanced in 1995 and; pursuant to federal
requirements, could not be advance refunded a second time on atax-exempt basis with -the proceeds of the FY 2001
RDA bonds. However, if RDA bonds are issued in 2003, it may be possible to use the bond proceeds to either pay off
the Library bonds directly or reimburse the General Fund for the loan. The General Fund loan is not reflected as
repaid in the projection pending further staff investigation with bond counsel.
39 & Capital Improvements - $2.S million annual expenditure (beginning July 1, 1988) financed from License. Tax revenue
40 - (Line 39) and other General Fund revenues (Line 40). Adjusted for inflation, this amount now equals approximately
$3,845,000. License tax balance at beginning of each year is projected to be spent over 5 years and. annual revenue is
projected to be annually spent. Balance of $2.5 million adjusted for inflation is spent by the General Fund.
42- Loans to RDA for capital projects -See notes for line 23.
49 - Undesignated fund balance is the key indicator of a fund's financial condition.
PRUDENT .RESERVE
58 - City Council adopted Prudent Reserve policy on February 3, 1994 of one year's operating expenditures.
422
CITY OF RANCHO MIRAGE
GENERAL FUND
TEN YEAR FINANCIAL FORECAST ASSUMPTIONS
CHART N0.2
The followin ten year report incorporates the revenue and expenditure assumptions presented in Chart No.1 for the General
g
Fund together with the following impact from the. further sale and development of the Monterey Marketplace:
LINE
______
25 - Durin .the. ast few years, several land sale transactions have occurred at the 50-acre Monterey Marketplace. Twelve
g p
acres are still owned by the City. A transaction is planned for FY 2003-04 with land sale revenue of $1,000,000. New
businesses such as Linen N Things, McDonald's, Wendy's, Panda Express, Cingular Wireless, It's a Grind Coffee and
others roduced new sales tax revenue in FY 2002-03. New businesses. opening in FY 2003-04, such as Pacific Sales,
p
Red Robin and several other specialty retailers/restaurants, are projected to generate new sales tax of $360,000.Of this
amount, $332,500 is incorporated into Chart 1 and the balance of $27,500 below. The development of the twelve acres
next to the Rancho 16 Theatre is projected to add another $200,000 in sales tax revenue In FY 2004-05. In subsequent
ears, sales tax is estimated to increase 6% annually: Please note that the Home Depot, International House of
Y
Pancakes, the Theatre and other existing development at the Monterey 1Vlarketplace are excluded from these numbers
since they have been incorporated into Chart No. 1.
{ VTI' ~
~ ~~ i~raND SALE SLIIJES TA1~ ri V T r~L
1. FY 03-04 $1,000,000 27,500 1,027,500
2. FY 04-OS 0 229,150 229,150
3. FY OS-06 0 242,899 242,899
4. FY Ob-07 0 257,473 257,473
5. FY 07-08 0 272,921 272,921
6. FY 08-09 0 289,297 289,297
7. FY 09-10 0 306,654 306,654
8. FY 10-11 0 325,054 325,054
9. FY 11-12 0 344,557 344,557
10. FY 12-13 0 365,230 365,230
~
TOTAL $1000 000 $2,660,735 $3,660,735
423
CITY OF RANCHO MIRAGE
GENERAL FUND
TEN YEAR FINANCIAL PROJECTION
CHART N0.1
Projected Projected Projected Projected Projected Projected Projected Projected Projected Projected Ten Year
Actual Estimated FY 03.04 FY 04.05 FY 05-06 FY 06.07 FY 07.08 FY OB-09 FY 09.10 FY 10-11 FY 11.12 FY 12-13 Projected
1
Line FY 01.02 FY 02.03 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Totals
1 FUND BALANCE AVAILABLE BEGINNING OF YEAR: _
_ ~~
2 UNDESIGNATED GENERAL FUND FUND BALANCE $28,073 723 $34,148 823 $37,312169 $39 533 496 41 667193 46 339 753 45 384 593 44196 366 42 883 804 41 388 448 39 849 583 38 140 383
3 UNtOESIGNATED LICENSE TAX FUND BALANCE 7,973,698 6,997,165 8,856 932 11 936,932 7,531,932 6,266,567 .5,213,784 4,337,868 3,609,106 3,002,777 2,498,3.10 2,078,594
4
5 BEGINNING FUND BALANCE AVAILABLE 36 047 42
1 43 45 988
,1 46169
,101
51,470,428
49,199,125
52,606,321
50,598,371
48,534,234
46,492,911
44,391,225
42,347,893
40,218,977
6
7 GENERAL FUND REVENUES:
8 INTEREST 1,619,086 1,900,000 1,600,000 1,700 000 1967 965 2104 253 2 023 935 1941 369 1859 716 1 775 649 1,693,916 1 608 759 $18 275 563
9 -SALES TAX 3,201,939 4,100,000 4,830,500 5,120,330 5,427,550 5,753,203 6,098,395 6,464,299 6,852,157 7,263,286 7,699,083 8,161;028 63,669,830
10 TRANSIENT OCCUPANCY TAX 4,928,950 5,363,000 5,525,000 .5 774 000 6120 440 6 487 666 6 876 926 7 289 542 7126 914 8190 529 8 681 961 9 202 819 71 875 858
11 PROPERTY TAX 639,723 683,000 . 730,800 782,000 836,740 895 312 957 984 1,025,042 1,096,795 1,173,571 1,255,721 1,343,622 10,097,587
12 COMMUNITY DEVELOPMENT FEES 1,991,654 1,850,000 1,700,000 1,550,000 1,666,250 1,791,219 1,925,560 2,069,977 2,225,225 2,392,117 2,571,526 2,764,391 20,656,266
13 LICENS!* TAX - $1.2515 .ft. 2 525 631 2 500 000 3 000 000 2 750 000 2 956 250 3 177 969 3 416 316 3 672 540 3 947 981 4.244 079 4 562 385 4 904 564 36 632 084
14 FRANCHISE TAX 773,331 839,661 819,508 924,359 952,090 980,652 1,010,072 1,040,374 1,071,585 1,103,733 1,136,845 1,170,950 10,270,169
15 BUSINESS LICENSES 184 226 195 300 207 000 219 400 3
2 2,564
246,518
261,309
276,987
293,607 3
311,22 3 9 896
2 , 349 690 2 7 8195
2 ,
16 MOTOR VEHICLE LICENSE FEE 808,595 818,900 868,000 920,100 975,306 1,033,824 1,095,854 1,161,605 1,231,301 1,305,179 1,363,490 1,466,500 11,441,160
17 PUBLIC WORKS FEES 616,522 706 000 562 000 499 000 536 425 576 657 619 906 666 399 716 379 770 107 827 866 889 955 6 664 695
18 REAL PROPERTY TRANSFER TAX 268,603 357,700 382,800 409,600 434,176 460,227 487,840 517,111 548,137 581,025 615,887 652,840 5,089,643
19 OTHER 1,047,392 503,844 337,500 337,500 137138 141 937 146 905 152 047 .157,368 162 876 168,577 174,477 1,916,326
20 RDAIHOUSING AUTHORITYIOTHER REIMBURSEMENT 1,471,060 2;132,273 2,090,978 1,968,929 2,362,618 2,488,925 2,622,269 2,787,037 2,911,709 3,150,396 3,234,453 3,409,529 27,026,842
21 RDA INTEREST PAYMENT 281,697 242,000 238,000 239,000 0 0 0 0 0 0 0 o a77,oo0
22
.}~ COMMUNITY FACILITIES DISTRICTS #1 & #2 336,864 526,330 609 241 713 114
~ 784 425
~ 862 868 949 155 1 044 070 1 148 477
~ 1,263 325
, 1,389,657 1,528,623 10,292,956
N 23 REPAY GENERAL FUND LOANS TO RDA 8. PARK FUND 2,624,000 1,013,020 1,198,274 1,114,095 5,391,931 0 0 0 0 0 0 0 7,704,300
-p 24 MONTEREY MARKETPLACE -Land Sale Only 246,517. 694,800 0 0 0 0 0 0 0 0 0 0 0
25 SALE OF EXISTING LIBRARY BUILDING 0 0 0 0 1000 000 0 0 0 0 0 0 0 1 000 000
26 TOTAL GENERAL FUND REVENUES 3 573 792
2 4 5 82
2 ,42 , B
24,759,601
25,021,427
31,781,667
27,001,229
28,492,427
30,106,400
31,787,353.
33,687,098 5 55 6
3 , 1,2 4
37,627,807 3
05,618,474
27
28 GENERAL FUND EXPENDITURES & LOANS:
29 SHERIFF 2,973,931. 3,147,800 4,033,009 4,242,014 4,748,272 5,290,999 5,939,716 6,367,584 6,826,273 7,318,003 7,845,155 8,410,281 61,021,307
30 ADDITIONAL STAFF 0 159,636 176,497 0 66,200 70,172 .74,382 78,845 83,576 88,591 93,906 99,540 831,709
31 SPECIAL CONTRIBUTIONS 500,000 500,000 50,000 50,000 50,000 . 50,000 50,000 0 0 0 0 0 250,000
32 ADMIN,COMM DEVELOP., PUBLIC WORKS, NON-DEPT. 9,799,598 10,554,671 12,184,080 13,026,909 13,808,524 14,707,207 15,654,022 16,682,708 17,767,247 18,921,872 20,151,090 21,459,696 164,373,355
33 ANNUAL SUBSIDY TO LANDSCAPE & LIGHTING FUND 0 7,324 333 125,433 129,823 134,367 139,070 143,937 148,975 154,189 159,586 165,171. 1,300,885
34 ANNUAL SUBSIDY TO FIRE TAX FUND 0 169,761 1,466,055 1,187,175 1,537,169 2,884,667 2,639,067 2,644,268 2,645,111 2,641,166 2,631,968 2,617,012 22,893,659
35 ANNUAL SUBSIDY TO LIBRARY FUND 0 0 0 0 250,795 838,612 841,003 840,747 837,515 830,954 820,674 806,251 6,066,552
36 REGIONAL PARK NEAR HOME DEPOT -maintenance 0 0 0 0 600 000 621 000 642 735 665 231 688,514 712 612 737,553 763,368 5,431,012
37 RETIRE EXISTING LIBRARY BONDS 0 0 0 0 3,065,100 0 0 0 0 0 0 0 3,065,100
38 CAPITAL IMPROVEMENTS • 0
39 License Tax 1 500 795 4 772 529 220 000 7 780,000 4,462 636 4 431 282 4 459 073 4,540,114 4,669,802 4,844,635 5,062,047 5,320,283 45,789,872
40 Other General Fund Sources 540,730 5,700,119 1,108,300 881,200 343,848
1 19,133
l 1 107,501 186,290 222,026 218,408 178,242 103;375 2,642,319
41 tat a ' ai I s
To C pit mprovement 2 041 525 10 472 648 1 328 300 8 661 200 4118 788 4 412 149 4 566 574 4 726 404 4 891,828
, 5,063,042 5,240,249 5,423,657 48,432,192
42 Loans t 'e
o RDA for Capita( Prod cts 4 691 010 2 454 808
, 0 0 0 0 0 0 0 0 0 0 0
43
TOTAL. GENERALlLICENSE TAX FUND EXPEND.ILOANS
20,006,064 4 48
27, 76,8 9 238 74
1 , ,2 27 292 731 8 374 67
2 , 1 29 009 3
,17 30 556 570 32149 724 33 889 039 35 730 429
_ 37,680,181
__ 39,744,978 313,665,770
44
45 EXCESS DEFICIENCY OF REVENUES OVER
f
46 EXPENDITURES
3 567 728
3 051 020
5 521 327
2 271304
3 407196
2 007 943 0
2 64143 2 041 32
4 2101 686. 2 043 331. 2 128 917 2 117 171 7 847 296
47
48 FUND BALANCE END Of YEAR:
49 UNDESIGNATED GENERAL FUND FUND BALANCE 34,148,823 37,312,169 39,533,496 41,667,193 46,339,753 45,384,593 44,196,366 42,883,804 41,388,448 39,849,583 38,140,383 36,372,416
50 UNDESIGNATED LICENSE TAX FUND BALANCE 8 997,165 8,856,932 11,936,932 7,531,932 6,266;567 5,213,784 4,337,868 3,609,106 3,002,777 2,498,310 2,078,594 1,729,390
51
RECEIVABLE • RDA (capital loans)
5,636,919
7,078,707 0
6,5 6,026
5,391,931
0 0 0 0 0 0 0 0
52 RECEIVABLE -LIBRARY FUND retire bonds
( ~ 0 0 0 0 3,065,100 3,065,100 3,065,100 3,065,100 3,065,100 3,065,100 3,065,100 3,065,100
53 RECEIVABLE -PARKLAND FUND (capital loan) 625,593 625,593 0 0 0 0 0 0 0 0 0 0
54
ENDING FUND BALANCE 4
$ 9,408,500 1
$53 673,40 57 976 454
$ 54 591 056
$ , 55 671 4
$ , 21 53 663 4 7
$ ~7 51 599 334
$ 49 558 011
$ 47 456 325
$ $45 412 993 $43284 077 $41 166 906
55
56
57 DESIRED UNDESIGNATED FUND BALANCE
58 YEAR' 0 E A ING EXPENDITURES
ENE S ~ R T $13 273 529 $14,549 392 $17 909 974 $18 631 531 21 190 783 S24 597 024 $25 989 996 $27 423 319 $2B 997 211 $30,667,387 $32,439,932 $34,321,320
GENERAL FUND
TEN YEAR FINANCIAL PROJECTION
CHART N0.2
Prolected
Prolected
Prolected Pro ected
j Projected
1 Projected
1 Projected
1 Projected Projected Projected Ten Year
Line
Actual
Estimated
FY 03.04 • 5
FY 04 0 F 05.06
Y FY 08.07 FY 07.08 FY 08.09 FY 09.10 FY 10.11 FY 11.12 FY 12.13 Projected
1
FY 01.02 • 3
FY 02 0 1
Year Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year a Year 9 Year 10 Totals
2 FUND BALANCE AVAILABLE BEGINNING OF YEAR:
3 UNDESIGNATED GENERAL FUND FUND BALANCE
$28,073,723 _
3414 8 3
$ 8, 2
37 312169
$
40 578 977
$
$42 945,605
,
$47,912,201
$47,277,412
$46,437,819
$45,504,211
$44,420,326
$43,327,790
42,102,2
4
UNDESIGNATED LICENSE TAX FUND BALANCE
7,973,698
8,997,165
8,856,932 1936 932
1 , 7 531932 6 266,567
, .5,213,784 4,337,868 3,609,106 3,002,777. 2,498,31.0 2,078,594
5
6
BEGINNING FUND BALANCE AVAILABLE
36,047,421
1 5 968
43, 4 ,
46 69101
,1
52 515 909
50 477 537
54178,768
52 491 196
50,775,687
49,113,318
47,423,103
45 826,100
44,180,869
7
8 GENERAL FUND REVENUES:
9 INTEREST
1,619,066
1;900,000
1,617,981
703 781
1,
2 019101
,
2,167,151
2,099,648
2,031,027
1,964,533
1,896,924
1,833,044
1,767,235
19,100,425
10
SALES TAX
3,201,939
4,100,000
4,830,500
5,120,334
5,427,550
5,153,203
6,098,395 6 64 299
,4 6 852 157
, 7,263,286 7,699,083 8,161,028 63,669,830
11
TRANSIENT OCCUPANCY TAX
4,928,950
5,363,000
5,525,000 7 4 000
5, 7 , 6120 440 6 487,666
~ 6,876,926 7,289,542 7,726,914 8,190,529
571
173
1 8,681,961
721
255
1 9,202,879
343
622
1 71,875,858
58
7
097
10
12 PROPERTY TAX
T FEES 639,723
997
654
1 683,000
000
1
850 0
73 ,800
700
000
1 782000
1550 000 836740
,
1 fi66 250 895,312
791,219
1 957,984
1,925,560 1,025,042
2,069,977 1,096,795
2,225,225 ,
,
2,392,117 ,
,
2,571,526 ,
,
2,764,391 ,
,
20,656,266
13
14 COMMUNITY DEVELOPMEN
LICENSE TAX • $1.251sq.ft. ,
,
2,525,631 ,
,
0 0
2,500, 0 ,
,
000 00
3, 0
2 750 000 ,
2 956 250
~ ,
3,177,969
3,416,316
3,672,540
3,947,981
4,24.4,079
4,562,385
4,904,564
36,632,084
15
FRANCHISE TAX
3
173, 31
39 661
8
879 508
924 359 .
952 090
980,652
1,010,072
1,040,374
1,071,585
1,103,733
1,136,845
896
329
1,170,950
349
690 70169
10,2 ,
195
126
2
16 BUSINESS LICENSES
F 184,226
0
595
8 8 195,300
8 900
B1 00
207,0
868 000' 2t9 400
920100 232 564
,
975 306 246,518
033
1
824 261,309
095
854
1 276,987
1,161,605 293,607
1,231,301 311,223
1,305,119 ,
1,383,490 ,
1,466,500 ,
,
.11,441,160
17
18 EE
MOTOR VEHICLE LICENSE
PUBLIC WORKS FEES ,
618
522
706,000
562,000
499,000 4
536, 25 ,
,
576 657 ,
,
619 906
, 666,399 716,379 770,107 827,866 889,955 6,664,695
19
REAL PROPERTY TRANSFER TAX ,
268,603
357,700
382,800 6 0
409, 0 434176 460 227
, 487,840 517,111 548,137
368
57 581,025
876
162 615,887
168
577 .652,840
477
114 5,089,643
326
916
1
20
21 OTHER
RDAlHOUSING AUTHORITYIOTHER REIMBURSEMENT 1,047,392
060
471
1 503,844
2,132,273 337,500
2;090,978 500
337,
1,968,929 137138
,
362 618
2, 141,937
2 488 925 146,905
2 622,269 152,047
2,787,037 ,
1
2,911,709 ,
3,.150,396 ,
3,234,453 ,
3,409,529 ,
,
27,026,842
~ 22
t`-~ 23
RDA INTEREST PAYMENT
COMMUNITY FACILITIES DISTRICTS #1 & i't2 ,
,
281,697
336
864
242,000
526,330
238,000
4
609,2 1
239,000
713 114 0
784 425 0
862,868 0
949,155 0
1,044,670 0
1,148,477 0
1,263,325 0
1,389,657 0
1 5 8 623
, 2 , 477,000
10 292 956
,
~
24
REPAYMENT OF GENERAL FUtJD LOANS TO RDA ,
2 624 000
1 013 020
i 198,274
,
500
1,114,095
150
229
5,391,931
899
242
0
257 473
0
272 921
0
297
289
0
654
306
0
325,054 0
344,557 0
365,230 7,704,300
3,660,735
25 MONTEREY MARKETPLACE • Land Sale 8, Sales Tax 246,517 694,800 .1,027, , , ,
0 ,
0 ,
0
0
0
0
1,000,000
26
27 SALE OF EXISTING LIBRARY BUILDING
TOTAL GENERAL FUNS REVENUES 0
23 573 792 0
24,425,828 0
25,805,082 0
25,254,358 000 000
1, ,
32,075,902 0
27,321,600
8,841,061
0,467,355
4
32,198,82
34133 427
,
36,034,949
38,151,513
310,304,072
28
29 GENERAL FUND EXPENDITURES & LOANS:
931
973
2
800
147
3
009
033
4
014
242
4
4,748,272
9
5,290,99
5 939 716
6 367,584
,
6,826,273
7,318,003
7,845,155
8,410,261
61,021,307
30
31 SHERIFF
ADDITIONAL STAFF ,
,
0 ,
,
159,836 ,
,
176,497 ,
,
0
66,200
70,112 74 382
, 78,845 83,576 88,591 93,906
0 99,540
0 831,709
000
250
32
33 SPECIAL CONTRIBUTIONS
COMM. DEVELOP., PUBLIC WORKS, NON•DEPT.
ADMIN 500,000
9,799,598 500,000
10,564,671 50,000
12,184,080 50,000
13,026,909 50,000
8 5 4
13,80 , 2 50 000
14 707 207 .50 000
,
15 664 022 0
16,682,708 0
17,767,247 0
18,921,872
20,151,090
586
15
21,459,696
171
165 ,
164,373,355
885
300
1
34 .,
NUA SUBSIDY TO LANDSCAPE & LIGHTING FUND
AN L 0 7,324
' 333 125,433 129,823
1 367
134,
7
884
66
2 139 070
~
2 639 067 143,937
268
2 644 148,975
111
645
2 154,189
2,641,166 9,
2,631,968 ,
.
2,617,012 ,
,
59
22,893,6
35 NUA SUBSIDY ?0 FIRE TAX FUND
AN L 0 169,761 1,466,055
0 1,187,175
0 69
1,537,
795
250 ,
,
838
612
841003 ,
,
840,747 ,
,
837,515
830,954
820,674
806,251
6,066, 2
3fi D TO LIBRARY FUND
ANNUAL SUBSI Y 0 0
0
0
0 ,
600
000 ,
000
621
642 735
665,231
688,514
712,612.
737,553
763,368 012
5,431,
37
ME DEPOT • maintenance
REGIONAL PARK NEAR HO
0
,
65
100
,
0
p
0
0
0
0
0
065100
3, ,
38 RETIRE LIBRARY FUND 0 0 0 0 ,
3,0
39
40 CAPITAL IMPROVEMENTS -
T
Li
1,500,795
4,772,529
220,000
7,780,000
4 462 636
4 431 282
4,459,073
.4,540,114
4,669,802
4,844,635 6 047
5,0 2,
2 5 320 283
,
103 375 45,789,872.
319
642
2
41 ax
cense
,
S urces
Other General Fund o
540,730
5,700,119
1,108,300
881,200 43 8 8
3 , 4 19133
412149 107,501
574
4 566 186,290
404
726
4 222,026
828
891
4 2.16,408
5,063,042 7 20
1 8,
.5,240,249 ,
5 423 657 ,
,
48 432192.
42 ent
Total Capital Improvem s 2,041,525. 10,472,648 1,328,300 8,661,200 4,118,788 4 , ,
,
0 ,
,
0
0
0 0 0
43 LOANS TO RDA FOR CAPITAL PROJECTS 4,691,010
i4 08
2,454,8
27 476 848 0
19 238 274 0
731
27 292 0
374
671
28 0
009
173
29 0
30,556,570
32,149,724 39
33,869,0 35 730 429
,. 37,680,181 39,744,978 313,665,710
44 TOTAL GENERALILICENSE TAX FUND EX~END.lLOANS 21,/O~,It , ,
, ,
, _
45
46 EXCESS (DEFICIENCY) OF REVENUES OVER
28
3 5~7 7
3 051020
6 566 808
2 036 373
3 701231
1687 513
1715 509
1 662 369 1690 215 1 591002 1645 232 ~~1,593,465) (3,361,696-
47 EXPENDITURES
4a
49
50 FUND BALANCE, END OF YEAR:
UNDESlGNATfD GENERAL FUND FUND BALANCE
34148 823
~ ~
37 312,169
,
40,578,977
42,945,605.
47,912,201
47,277,412
8 9
46,437,,1
45 504 211
106
609
44,420,326
777
002
3
43,327,790
310
498
2
42,102,275
078
594
2
40,858,014
1,729,3
51
UNDESIGNATED LICENSE TAX FUND BALANCE 8 997,165 8,856,932 11,936,932 7,531,932 6,266,567 5,213,784 7 868
4,33 , ,
3
,
0 ,
,
0 ,
,
.
0 ,
,
0
0
52
RECEIVABLE -RDA (capital loans) 5 636 919
~ ~ 7,078,707 6,506,026
0 5,391,931
0 0
100
065
3 0
100
065
3 0
100
3
065
3 065,100
3,065,100
3,065,100
3,065,100
3,065,100
53
RECEIVABLE - LIBRARY FUND (retire bonds) 0 ,
,
p ,
,
0 ,
,
0
0
6
0
0 0
54 RECEIVABLE -PARKLAND FUND (capital loan) 625,593
$49 408 500 625,593
53 873 401 0
$59 021935 0
$55 869 466
57 243 868
$55 556 296
53 840 787
$52178 418
$50 488 203 8 891 200
$4 $47 245 969 $45 652 504
55
FUND BALANCE
ENDING
.
56
57
58 DESIRED UNDESIGNATED FUND BALANCE:
5 9
14 549 392
$
it 909 974
$18 631 531
$21 190 783
$24 597 024
25 989 996 7 423 319
$2 28 997 211 $30 667 387 $32 439 932 $34 321 320
59 -ONE YEAR S OPERATING EXPENDITURES $13,273 2
CITY OF RANCHO MIRAGE
General Governmental Revenues by Source
Year
Ended
June 30
1.993
1994
1995
1996
1997
1998
1999
2000
2001
2002
Year
Ended
June 30
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
Notes:
Last Ten Fiscal Years
Transient Sales Inter- Licenses Charges
Property Tax Occupancy and Other Govern and for
.Tax [ncrement Tax Use Tax Taxes mental Permits Services
$ 594,621 $ 12,526,690 $ 3,669,275 $ 2,140;340 $ 1,474,616 $ 1,191,130 $ 406,090 $ 1,075,170
1,490,047 13,130,444 3,745,460 2,414,527 1,203,089 1,502,812. 380,580 1,254,382
1,842,230 12,899,784 3,986,048 .2,683,717 1,057,737 2,348,318. 436,620 1,491,215
1,582,764 12,174,749 4,136,521 2,931,570 1,104,519 3,905,507 474,230 1,348,316
1,548,246 ]2,114,729 4,517,965 2,963,464 1,490,511 1,801,195 634,983 1,663,337
1,598,679 12,368,620 4,917,241 3,147,912 2,550, l 70 3,173,673 991,342 2,122,193
1,646,702 12,364,865 4,982,599 3,227,286 3,059,438 3,201,329 1,185,872 2,367,466
1,771,674 14,097,987 5,208,558 4,274,713 3,057,689 2,268,001 1,112,173 3,099,.046
1,935,619 16,945,103 5,442,296 4,122,257 3,387,493 2,365,496 1,265,691 3,297,927
2,037,531 18,324,474 4,928,950 3,820,433 4,127,565 2,231,400 1,552,.229 3,612,736
Investment
Fines and Special ,Developer Fair Lease Miscel-
Forfeitures Assessments Fees Interest Value Revenue laneous Total
$ 20,811 $ 2,714,166 $ (18,542) $ 3,135,375 $ - $ 1,537,950 $ 203,196 $ 30,670,888
23,817 2,678,541 3,292 2,711,696 - 1,000 254,951 30,794,638
26,106 3,025,043 75,105 3,863,360 - - 1.82,327 33,917,610
44,468 2,793,.167 4,1 l 5 3,963,260 - - ] 49,241 34,b l 2,427
58,193 2,936,883 61,928 4,230,913 - 295,394 34,317,741
63,318 1,570,972 63,363 4,029,921 ~ 220,742 139,847 3b,957,993
121,808 1,682,791 96,279 4,107,803. (712,678) - - .430,150 37,761,710
227,020. 1;713,394 91,754 4,751,,804 (815,535) - 701,925 41,560,203
110,201 2,241,074 306,528 4,935,428 1,986,648 - 2,822,339. 51,164,100
l l 3,329 1,792,000 l 37,282 4,962,824 1,04b, l 93 924,365 49,611,311
1. Includes Ge neral, Special R evenue, Debt Service and Capital Projects Funds.
2. Year ended June 30, 2001 does not include $3,304,716 for proceeds of Property Owner . Debt (Assessment District
Capital Proj ect Fund) in order to keep comparisons consistent for all fiscal years.
Source: City of Rancho Mirage
426
Major Components of General
Governmental Revenues
Last Ten Fiscal Years
®Tax Increment ^ Transient Occupancy Tax ^ Sales and Use Tax
Other Taxes Interest ®Other Revenues
20,000,000
18,000,000
16,000,000
14,000,000
12,000,004
10,000,000
8,000,000
6,000,000
4,000,000
2,000,000
0
427
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002
Year Ended June 30
CITY 4F R.ANCHO 1VIIRAGE
General Governmental Expenditures by Function
Last Ten Fiscal Years
Year
Ended General Public Public Cultural & Capital Debt
June 30 Government Safes Works Recreation Education Proiects Service Total
1993 $ 5,219,844 $ 2,616,054 $ 1,882,424 $ 298,924 $ 1,589,992 $ 10,814,068 $ 11,710,860 $ 34,132,166
1994 5,735,780 3,862,050 1,801,304 295,866 357,456 5,332,439 13,188,265 30,573,160
1995 6,192,714 4,112,585 2,031,978 403,652 357,541 7,888,276 11,193,600 32,180,346
l 996 6,757,455 4,227,904 2,218,7.09 , 944,637 - 14,280,580 13,756,691 42,1.85,976
1997 6,131,250 4,537,262 2,397,630 1,236,331 - 6,515,465 11,831,681 32,649,619
1998 7,133,359 4,883,220 2,302,801 1,151,306 - 7,974,647 15,737,284 39,182,617
1999 7,144,055 4,912,780 2,505,508 1,234,781 - 8,470,482. 9,758,758 34,026,364
2000 8,148,330 5,032,735 2,547,460 1,290,869 - 11,613,102 10,947,319 39,579,815
2001 8,815,776 5,330,290 2,870,181 1,434,143 - 24,591,935 12,118,496 55,160,821
2002 12,883,362 5,890,754 3,028,030 1,601,198 - 14,231,678 17,698,883 55,333,905
Notes; 1. Includes General, Special Revenue, Debt. Service and Capital Project Funds.
2. The Capital Projects component for Year Ended 2001 includes $8,483,971 loss on disposition of assets.
Source: City of Rancho Mirage
428
Major Components of General
Governmental Expenditures
Last Ten Fiscal Years
® General Government ®Public Safety ^ Public Works
Cultural and Recreation ^ Education ®Capital Projects
®Debt Service
30,000,000
25,000,000
20,000,000
15,000,000
10,000,000
5,000,000
Year Ended June 30
429
j'99~ j'99s 1,996 j'99~ j'99~ J999 '2p~o '2Q~1 1~0~
CITY OF i~Pi~O A~6E
SOMMARY OF REVEN[fES AND OPERATING TRANSFERS IN
FY 1999.00 TO FY 2004.05
ALL FUNDS
1999/00 2000101 2001102 2002103 2002/03 2003104 2004105
FUND DESCRIPTIONS ACT ACTUAL AC® BUS ET ESTIMATE BU, DGET BU_DGE,~T®
General Fund
General $ 17,310,581 19,873,660 21,048,164 21,020,601 21,508,565 21,459,601 21,646,427
License Tax 2,733,303 2,796,093 2,96.1,403 2,900,000 2,917,263 .3,300,000 3,375,000
Subtotal 20,043,884 ,22,669,752 24,009,566 23,920,601 24,425,828 24,759,601 25,021,427
Citizens Option for Public Safety 27,514 104,560 105,542 .105,750 105,713 102,400 101,500
Total General Fund 20,071,397 22,774,312 24, l 15,108 24,026,351 24,531,541 24,862,001 25,122,927
Special Revenue Funds
Landscape and Lighting Funds 466,255 494,331 482,007 478,312 481,646 474,296 602,536
Fire Tax Fund 1,855,209 1,935,560 1,992,998 2,549,680 2,156,086 3,521,880 3,335,000
Community Services District Fund 2,702,473 2,885,325 3,060,599 3,352,300 3,262,300 3,449,933 3,633,101
Parkland Fund 470,367 720,735 564,192 722,366 649,773 1,250,571 491,504
Gas Tax Fund 475,310 243,548 380,465 231,730 324,001 285,250 285,450
Bridge Tax Fund 14,578 12,645 7,576 10,000 4,800 4,000 2,700
Measure A Fund 582,276, 667,174 882,736 726,997 686,400 8,902,000 .665,000
Air Pollution Reduction .Fund 14,242 15,010 8,962 13,800 13,600 66,000 16,300
Library Fund 1,278,048 1,520,266 1,542,542 1,688,220 1,725,655 1,680,588 1,766,756
Rent Control Fund 2,860 4,302 3,301 11,000 3,500 5,136 7,700
Storm Water Quality Fund 109,763 107,535 111,799 81,960 83,784 85,235 87,560
Tipping Fee. Fund 309,999 283,736 293,223 237,938 266,000 276,442 286,442
Traffic Safety Fund 150,506 73,041 50,391 58,000 75,000 80,700 80,800
Low Cost Housing Fund 2,819,597. 3,389,020 3,664,895 4,200,000 4,200,000 4,582,400 4,899,200
Housing Authority Funds 3,921,127 4,4.18,432 ~ 4,497,389 5,037,756 5,049,376 5,668,281 5,800,063
Debt Service Funds
Whitewater Debt Service Fund 8,879,023 10,413,804 15,631,550 18,252,202 12,499,533 13,286,000 13,884,000
Northside Debt Service Fund 5,648,320 7,185,371 .12,920,364 9,000,000 9,288,992 10,038,500 11,042,000
Capital Projects Funds
Whitewater Capital Project Fund 647,762 4,533,668 21,659,626 7,055,810 3,250,540 1,624,071 1,802,100
Whitewater Economic Development Fund 127,380 119,213 67,519 50,000 40,000 24,500 20,000
Northside Capital .Project Fund 9,189,678 1,.883,768 35,354,894. 5,145,133 2,236,805 3,688,483 1,265,295
$ 59,736,170 63,680,796 127,292,136 82,929,555 70,829,332 83,856,267 75,096,434
430
CITY OF RANCHO MIRAGE
SUMMARY OF EXPENDITURES AND OPERATING TRANSFERS OUT
FY 1999.00 TO FY 200405
ALL FUNDS
~ FUND DESCRIPTIONS
'General Fund
General Fund
Citizens Option for Public Safety
License Tax Fund
ti
Total General Fund
1999100 2000/O1 2001102 2002103 2002!03 2003!04 2004!05
ACTUAL .ACTUAL. ACTUAL BUDGET ESTIMATE BUDGET BUDGET
$ 13,006,976 20,101,211 l 8,369,887 l 8,457,715 18,345,219 19,238,274 1.9,512,731
47,414 20,376 101,343 113,200 123,946 127,600 139,000
2,622,426 534,239 1,500,795 3,010,000 3,057,496 220,000 7,780,000
15,676,816 20,655,826 19,972,025 21,580,915 21,526,661 19,585,874 27,431,731
Special Revenue Funds
~, Landscape and Lighting Funds 421,419 425,400 467,334 650,968 534,121 618,520 737,450
Fire Tax Fund 1,869,130 2,098,698 2,429,659 3,093,481 2,785,400 3,033,510. 3,335,000
Community Services District Fund 2,702,473. 2,885,325 3,060,599 3,352,300 3,262,300 3,449,933 3,633,101
Parkland Fund. 214;394 .244,544 271,031 441,671 258,767 1,043,596 698,619
Gas Tax-Fund 798,687 9,905 101,229 301,600 301,600 286,600 286,600
Bridge Tax Fund 50,000 50,000 50,000 50,000 50,000 50,000 50,000
Measure A Fund 559,493 462,775 366,053 425,000 425,000 819,000 1,015,000
Air Pollution Reduction Fund 10,979 4,325 7,095 14,000 9,000 60,000 10,000
Library Fund 1,257,350 1,367,233 1;531,960 1,831,303 1,803,879 1,872,453. 2,472,806
Rent Control Fund 2,024 6,279. 715 l 1,000 3,522 7,700 7,.700
Storm Water Quality Fund 77,118 55,220 44,672 81,960 81,960 90,515 92,515
~ Tipping Fee Fund 0 0 0 140,000 30,000 195,000 195,000
Traffic Safety Fund 0 1.82,209 284,235 136,000 122,472 80,700 80,800
Low Cost Housing Fund 2,819,597 3,389,020 3,664,895 4,200,000 4,200,000 4,582,400 4,899,200
Housing Authority Funds 3,852,811 3,990,135 4,048,677 12,674,846 11,305,637 2,585,975 2,442,092
Debt Service Funds
Whitewater Debt Service Fund 8,690,020 10,441,641 15,910,402 13,518,702 12,521,240 13,286,000 13,884,000
Northside Debt Service Fund 5,490,224 7,070,.169 10,515,799 8,999,995 9,288,992 10,038,000 11,042,000
Capital Projects Funds
Whitewater Capital Project Fund 3,024,211 13,870,942 20,436,778 1,b90,586 2,89b,092 1,192,225 1,799,701
Whitewater Economic Development Fund 523,658 337,155 242,672 906,300 0 0 0
Northside Capital Project Fund 1,043,511 594,737 5,852,335 28,662,068 7,167,847 .829,544 8,685,806
$ 49,083,915 68,141,538 89,258,164 102,762;695 78,574,490 63,707,544 82,799,120
431
CITY OF RANCHO MIRAGE
HOURLY SALARY SCHEDULE
(Effective July 01, 2003)
RANGE A B C D E F G H I J
20 12.7856 13.4249 14.0961 14.8010 15.5410 16.0073 16.4875 16.9821 17.4916 18.0163
21 13.4249 14.0961 14.8010 15.5410 16.3181 ~~~ 16.8076 17.3118. 17,8312 18.3661 18.9171
22 14.0961 14.8010 15.5410 16.3181 17.1340 ' 17.6480 18.1775 18.7228 19.2845 19.8630
23 14.8010 15.5410 16.3181 17.1340 17.9907 ~' 18.5304 ,19.0863 19.6589 20.2487 20.8561
24 15.5410 16.3181 17.1340 1.7.9907 .1.8.8902:;x;:::;: 19,.4569 20.0406 20.6418 21.2611 21.8990
25 16.3181 17.1340 17.9907 18.8902 19.8347~~ 20.4298 21,.0426 21:.6739 22:3241 . 22.9938
26 1.7.1340 17.9907 18.8902 19.8347 20.8265 ~ ~ 21.4513 22.0948 22.7577 23.4404 24.1436
27 17.9907 18.8902 19.8347 20.8265 21.8678:x;:;': 22.5238 23.1995 23.8955 24.6124 25.3508
28 18.8902 19.8347 20.8265 21.8678 22.9612 23.6500 24.3595 25.0903 25.8430 26.6183
29 19.8347 20.8265 21.8678 22.9612 24.1093 24.8326 25.5775 26.3448 27:1352 27.9492
30 20.8265 21.8678 22.9612 24.1093 25.3148 ~ 26.0742 26.8565 27.6621 28.4920 29.3468
31 21.8678 22.9612 24.1093 25.3148 26.5805 27.3779 28.1993 29.0453 29.9166 30.8.142
32 22.9612 24.1093 25.3148 .26.5805 27.9095 '~ 28.7468 29.6091 30.4974 ~ 31.4124 32:3547
33 24.1093 25.3148 26.5805 27.9095 29.3049 ~> 30.1841 31.0896 32.0223 32.9830 33.9725
34 25.3148 26.5805 27.9095 29.3049 30.7702 ~` 31:6933 32.6442 33.6235 34.6322 35.6712
35 26.5805 27.9095 29.3049 30.7702 32.3087 ~~~ 33.2780 34.2764 35.3047 36.3638 ,37.4547
36 27.9095 29.3049 30.7702 32.3087 33.9242 ~ 34.9419 35.9902 37.0699 38.1820. 39.3275.
7
3
29.3049
30.7702
32.3087
33.9242
35.6204 ~~~
36.6890
37.7897
38.9234
40.0911
41.2938
38 30.7702 32.3087 33.9242 35.6204 37.4014 38.5235 39.6792 40.8695 42.0956 43.3585
9
3
32.3087
33.9242
35.6204
37.4014
39.2715 ~<
40.4496
41.6631
42.9130
44.2004
45.5264
40 33.9242 35.6204 37.4014 39.2715 41.2351 ~~ 42.4721 43.7462 45.0586 46.4103 47.8026
41
5.6204
3
37.4014
39.2.715
41.2351
43.2968
44.5957
45.9336
47.3116
48.7309
50.1928
42 37.4014 39.2715 41.2351 43.2968 45.4617 ~` ~ 46.8255 48.2303 49.6772 51.1675 52.7025
43 39:2715 41..2351 43.2968 45.4617 47.7347 ~~~~ 49.1668 50.6418 52.1611 53.7259 55.3377
44 41.2351 43.2968 45.4617 47.7347 50.1215 51.6251. 53.1738 54.7690 56.4121 58.1045
45
43.2968
45.4617
47.7347
50.1215
52.6276 ~~~
54.2064
55.8325
57.5075
59.2328.
61.0097
4
6 45.4617 47.7347 50.1215. 52.6276 55.2590 1 56.9168 58.6243 60.3830 62.1945 64.0603
47
7.7347
4
50.1215
52.6276
55.2590
58.0219 ~~ ~~
59.7625
61.5554
63.4021
65.3042
67.2633
48 50.1215
52.6276
55.2590
58.0219
60.9230
62.7507
64.6332
66.5722
68.5694
70.6265
Bldg Permit Spec
7.7173
1
18.6031
19.5333
20.5100
21.5354 ~
~ 22.1815
22.8469
23.5323
24.2383
24.9654
. Su
Code Comp p 25..5855 26.8648 28.2080 29.6184 31.0993 ~ ~ 32.0323 32.9933 33.9831 .35..0026 36.0527
Maint Super.
22.0145
23.1152
24.2710
25.4845
26.7588
27.5616
28.3884
29.2401
30.1173 1.0208
3
432
CITY OF RANCHO MIRAGE
MONTHLY SALARY SC HEDULE
(Effective July 01, 2003)
TITLEIRANGE A B C D E F G H i J
20 2216.17 2326.98 2443.33 2565.50 2693.78 2774.59 2857.83 2943.56 3031.87 3122.83
21 2326.98 2443.33 2565.50 2693.78 2828.47 ~ 2913.32 3000.72 3090.74 3183.46 3278.96
22 2443.33 2565.50 2693.78 2828.47 2969.89. ~ 3058.99 3150.76 3245.28 3342.64. 3442.92
23 2565.50 2693.78 2828.47 2969.89 3118.38 3211.93 3308.29 3407.54 3509.77 3615.06
24 2693.78 2828.47 2969.89 3118.38 3274.30 f~ 3372.53 3473.71 3577..92 3685.26 3795.82
25 2828.47 2969.89. 3118.38 3274.30 3438..02 ~ 3541.16 3647.39 3756.81 3869.51 3985.6
26 2969.89 3118.38 3274.30 3438.02 3609.92. '~ 3718.22. 3829.77 3944.66 . .4063.00 4184.89
27 3118.38 3274.30 3438.02 3609.92 3790.42 ~~ 3904.13 4021.25 4141.89 4266.15 4394.13
28 3274.30 3438.02 3609.92 3790.42 3919.94 ~~ ~ 4099.34 4222.32 4348.99 4479.46 46.1.3.84
29 3438.02 3609.92 3790.42 3979.94 4178.94 ~~ 4304.31 4433.44 4566.44 , 4703.43 4844.53
. 30 3609.92 3790.42 3979.94 4178.94 4387.89 ~~ 4519.53 4655.12 4794.77 4938.61 5086.77
31 3790.42 3979.94 4178.94 4387.89 4607.28 ~~ 4745.50 4887.87 5034.51 5185.55 5341.12
32 3979.94 4178.94 4387.89. 4607.28 4837.64 ~' 4982.77 5132.25 5286.22 5444.81 5608.15
33 4178.94 4387.89 4607.28 4837.64 .5079.52 ~~ 5231..91 .5388.87 5550.54 5717.06 5888.57
34 4387.89 4607.28 4837.64 5079.52 5333.50 ~ 5493.51 5658.32 5828..07 6002.91 6183.00.
35 4607.28 4837.64 5079.52 5333.50 5600.18 5768.19 5941.24 6119.48 6303.06 6492.15
36 4837.64. 5079.52 5333.50 5600.18 5880.19:::: :;: 6056.60 6238.30 6425.45 6618.21 6816.76
37 5079.52 5333.50 5600.18 5880.19 6174.20 6359.43 6550.21 6746.72 6949.12 7157.59
38 5333.50 5600..18 5880.19 6174.20 6482..91 6677.40 6877.72 7084.05 7296.57 7515,47
39 5600.18 5880.19 6174.20 6482.91 6807.06 ~ ~~~ 7011.27 7221.61, 7438.26 7661.41 7891.25
40 5880.19 6174.20 6482.91 6807.06 7147.41 7361.83 7582.68 7810.16 8044.46 8285.79
41 6174.20 6482.91 6807.06 7147.41 7504.78 7729.92 7961.82 8200.67 8446.69 8700.09
42 6482.91 6807.06 7147.41 7504.78 7880.02 ~ 8116.42 8359.91 8610.71 8869.03 9135.10
43 6807.06 7147.41 7504.78 7880.02 8274.02 8522.24 8777.91 .9041.25 9312.49 9591.86
44 7147.41 7504.78 7880.02 8274.02 8687.72. ~~ 8948.35 9216.80 9493.30 9778.10 10071.44
45 7504.78 7880.02 8274.02 8687.72 9122.11 ~ 9395.77 9677.64 9967.97 10267.01 10575.02
46 7880.02 8274.02 8687.72 9122.11 9578.22 ~ 9865.57 1016.1.54 10466.39 10780.38 11103.79
47 8274.02 8687.72 9122.11 9578.22 10057.13 < ~10358.84 10669.61 10989.70 11319.39 11658.97
48 8687.72 9122.11 9578.22 10057.13 10559.99 :;: ::;::;10876.79 11203.09 11539.18 11885.36 12241.92
Bld Permit S ec
9 p 3071.00 3224_.54 3385.77 3555.06 . 3732.81 ` ~> 3844.79 3960.13 4078.93 4201.30 .4327.34
Code Corn . Su
P P 4434.82 4656.56 4889.39 5133.86 5390.55 ~ ~ 5552.27. 5718.84 5890.41, 6067.12. 6249.13
Maint Su er.
P 3815.84 4006.64 4206.97 .4417.32 4638.19 ~ 4777.34 4920.66 5068.28 5220.33 5376.94
433
CITY ®~ RANCHO MIRAGE
ANNUAL SALARY SCHEDULE
(Effective July 01, 2003)
RANGE A B C D E F G H I J
20 26,594 27,924 29,320 30,186 32,325:::x:: :::: 33,295 34,294 35,323 36,382 37,474
21 27,924 29,320 30,786 32,325 33,941 34,960 36,009 37,089 38,201 39,347
22 29,320 30,786 32,325 33,941 35,639:::;: :: 36,708 37,809. 38,943 40,112 41,.315
23 30,786 32;325 33,941 35,639 37,420~~~~ > 38,543 39,699 40,890 42,117 43,,381
24 32,325 33,941 35,639 37,420 39,292 40,470 41,684 42,935 44,223 45,550
25 33,941 35,639 37,420 39,292 41,256 42,494 43,769 45,082 46,434 47,827
26 35,639 37,420 39,292 41.,256 43,319 ~~ ~ 44,618 45,957 47,336 48,756 50,218
27 37,420 39,292 41,256 43,319 45,485 ~'~ <: 46,849 48,255 49,.703 51,194 52,729
28 39,292 41,256 43,319 45,485 47,759 ~~~ ~~~ 49,192 50,668 52,188 53,753 55,366
29 41,256 43,319 45,485 47,759 50,147 ~ ~ 51.,651 53,201 .54,797 56,441 58;134
30 43,319 45,485 47,759 50,147 52,654~~ 54,234 55;861 57,537 59,263 61,041
31 45,485 47,759 50,147 52,654 55,287 ~~ 56,946 58,654 60,414 62,226 64,093
32 47,759 50,147 52,654 55,287 58,051 ~~ 59,793 61,587 63,434 65,337 67,298
33 50,147 52,654 55,287 58,051 60,954::;:: :: 62,783 64,666 .66,606 68,604 70,662
34 52,.654 55,287 58,051. 60,954 64,002:;;:: :x; 65,922 67,899 69,936 72,035 74,196
35 55,287 58,051 60,954 64,002 67,202 ~~~ 69,218 71,294 73,433 75,636 77,905
36 58,051 60,954 64,002 67,202 70,562:;::: ::: 72,679 74,859 77,105 79,418 81,801
37 60,954 64,002 67,202 70,562 74,090:x;:: :;:, 76,313 78,602 80,960 83,389 85,891
38 64,002 67,202 70,562 74,090 77,795 ~~ 80,128 82,532 85,008 87,558 90,185
39 67,202 70,562 74,090 77,795 81,684 ` 84,135 86,659 89,259 91,936 94,694
40 70,562 74,090 77,795 81,684 85,768 88,341 90,992 93,721 96,533 99,429
41 74,090 77,795 81,684 85,768 90,057~ ~~ 92,759 95,541 98,408 101,360 104,401
42 77,795 81,684 85,768 90,057 94,560::x: ;::: 97,396 100,31.8 .103,328 106,428 109,621
43 81,684 85,768 90,057 94,560 99,288~~~ ~~~ 102,266 105,334 108,494 111,749 115,102
44 85,768 90.,057 94,560 99,288 1.04,252 ~ ~~ 107,380 110,601 113,919 117,337 120,857
45 90,057 94,560 .99,288 104,252 109,465:::: :x: 112,749 116,131 119,615 123,203 126,900
46 94,560 99,288 104,253 109,465 .114,939.::::: :::; 118,387 121,938. 1.25,596 .129,364. 133,245
47 99,288 104,253 109,465 114,939 120,685 ~> 124,306 128,035 131,876 135,833 139,908
48 104,253 109,465 114,939 120,685 126,720 <' 130,521 134,437. 138,470 142,624 146,903
Bldg Permit Spec 36,852 38;695 40,629 42,661 44,794 f '<~ 46,138 47,522. 48,947 50,416 51,928
Code Comp. Sup 53,218 55,879 58,673 61,606 64,687 ~ 66,627 68,626 70,685 72,805 74,990
Maint Super. 45,790 48,080 50,484 53,008 55,658 57,328 59,048- 60,819 62,644 64,523
434
4~5
r
CITY OF RANCHO MIRAGE
HOURLY SALARY SCHEDULE
(Effective July 01, 2004)
RANGE A 6 C D E F G H I J
20 13.2970 13.9619 14.6600 15..3929 16.1626 ~ ~ 16.6475 17.1470 17.6613 18.1912 18.7369
21 13.9619 14.6600 15.3929 16.1.626 16.9708 ~~< 17.4799 1.8.0.043 18.5444 19.1008 19.6738
22 14.6600 15.3929 16.1626 16.9708 17.8193 ~ 18.3539 18.9045 19.4716 20.0558 20.6574
23 15.3929 16.1626 16.9708 17.8193 18.7103 ~ ~ 19.2715 19.8497 20.4452 21.0585 21.6902
24 16.1626 16.9708 17.8193 18.7103 19.6458. ~~~ 20.2352. 20.8422 21.4675 22.1115 22.7748
25 16.9708 17.8.193 18.7103 19.6458 20.6281 ~ 21.2469 21.8843 22.5408 23.2171 23.9136
26 17.8193 18.7103 19.6458. 20.6281 21.6595::;::: x:: 22.3093 22.9786 23.6679 24.3779 25.1093
27. 18.7103 19.6458 20.6281 21.6595 22.7425:x::;: :: 23:4248 24.1275 24.8513 25.5969 26.3648
28 19.6458 20.6281 21.6595 22:7425 23.8796 24..5960 25.3338 26.0939 26.8767 27.6830
29 20.6281 21.6595 22.7425 23.8796 25:0736~~ ~ 25.8258 26.6005 27.3985 28.2205 29.0671
30 21.6595 22.7425 23.8796 25.0736 26.3273 ~~ 27.1171 27.9306 28.7685 29.6316 30.5205
31 22.7425 23.8796 25.0736 26.3273 27.6436 ~~ ~ 28.4729 29.3271 30.2069 31.1132 32.0466
32 23.8796 25.0736 26.3273 27.6436 29.0258.::;:: ;:: 29.8966 30.7934 31.7173 32.6688 33.6489
33 25.0736 26.3273 27.6436 29.0258 30.4771 ~ < 31-.3914 32.3332 33.3032 34.3023 35.3313
34 26.3273 27.6436 29.0258 30.4771 32.0010 ~~~ 32.9611 33.9499 34.9684 36.0175 37.0980
35 27.6436 29.0258 30.4771 32.0010 33.6010 ~ ~ 34.6091 35.6474 36.7168 37.8183 38.9529
36 29.0258 30.4771 32.0010 33.6010 35.2811 36.3395 37.4297. 38.5526 39.7092 40.9004
37 30.4771 32.0010 33.6010 35.2811 37.0452 38.1565 39.3012 40.4802 41.6946 42.9455
38 32.0010 33.6010 35.2811 37.0452 38.8974 40.0644 41.2663 42.5042 43.7793 45.0927
39 33.6010 35.2811 37.0452 38.8974 40.8423 ~ 42.0676 43.3296 44.6294 45.9683 47.3474
40 35.2811 37.0452 38.8974 40.8423 42.8844 ~~ ~ 44.1710 45.4961 46.8610 48.2668 49.7148
41 37.0452 38.8974 40.8423 42.8844 45.0287 ~~~ 46.3795 47.7709 49.2040 50.6802 52.2006
42 38.8974 40.8423 .42.8844 45.0287 47.2801 ~ ~ 48..6985 50.1595 51.6643 53.2142 54.8106
43 40.8423 42.8844 45..0287 47.2801 49.6441 51.1334 52.6674 54.2474 55.8749 57.5511
44 42.8844 45.0287 47.2801 49.6441 52.1263 53.6901 55.3008_ 56.9598 58.6686 60.4287
45 45.0287 47.2801 49.6441 52.1263 54.7326 ~ ~~ 56.3746 58.0659 59.8078 61.6021 63.4501
46 47.2801 49.6441 52.1263 54.7326 57.4693 < ' 59.1933 60.9692 62.7983 64.6822 66.6227
47 49.6441 52..1263 5.4.7326 57.4693 60:3428 ~ 62.1530 64.0176 65.9382 67.9163 69:9538
48 52..1263 54.7326 57.4693 60.3428 63.3599.:;:: :::;:, 65.2607 67.2185 69.2351 71.3121 73.4515
Bld Permit S ec
9 p 18.4260 19.3473 20.3147 21.3304 22.3969 ~ 23.0688 23-.7609 24:4737 25.2079 25.9641
Code Com . Su
p p 26.6089 27.9393 29.3363 30.8031 32.3433 > > 33:3136 34.31.30 . 35.3424 36.4027 37.4948.
Maint Su er.
p 22.8950 24.0398 25.2418 26.5039 27.829.1 ~ ~' 28.6640 29.5239 30.4096 31.3218 32.2615
436
CITY OF RANCHO MIRAGE
MONTHLY SALARY SCHEDULE
(Effective July 01, 2004)
TITLEIRANGE
A
B __
C
D
E
F
G
H
20 2304.82 2420.06 2541.06 2668.11 2801.52 ~~ 2885.57 2972.14 3061.30 3153.14 3247.73
21 2420.06 2541.06 2668.11 2801.52 2941.60 ~ 3029.85 3120.75 3214.37 3310.80 3410.12
22 2541.06 2668.11 2801.52 2941.60 3088.68 ~~~ 3181.34 3276.78 3375.08 3476.33 3580.62
23 2668.11 2801.52 2941.60 3088.68 3243.11 ~ 3340.40 3440.61 3543.83. 3650.14 3759.64
24 2801.52 2941:60 3088.68 3243.11 3405.27 f' [ 3507.43 3612.65 3721.03 3832.66._ 3947.64
25 2941.60. 3088.68 3243.11. 3405.27 3575.53 ~ 3682.80 ,3793.28 3907.08 4024.29 4145.02
26 3088.68 3243.11 3405.27 3575.53 3754.31 ~~ 3866.94 3982.95 4102.44 4225.51 4352.28
27 3243.11 3405.27 3575.53 3754.31 3942.03 ~ ~ 4060:29 4182.10 4307.56 4436.79. 4569.89
28 3405:27 3575.53 3754.31 3942.03 4139.13 ~ ~ 4263.30 4391.20 .4522..94 4658.63 4798.39
29 3575.53 3754.31 3942.03 4139.13 4346.09 4476:47 4610.76 4749.08 4891.55 5038:3
30 3754.31 3942.03 4139.13 4346.09 4563.39:::::: ;:: 4700.29 4841.30 4986.54 5136.14 5290.22
31 3942.03 4139.13 4346.09 4563.39 4791.56 ~ ~ 4935.31 5083.37 5235.87 5392.95 5554.74
32 4139.13 4346.09 4563.39 4791.56 50,31.14 ~ 5182.07 5337.53 5497.66 5662.59 5832.47
33 4346.09 .4563.39 4791.56 5031..14 5282.70 ~~ 5441.18 5604.42 5772..55 5945.73 6124.10
34 4563.39 4791.56 5031.14 5282.70 5546.84 ~ ~ 5713.25 5884.65 6061.19 6243.03 6430.32
35 4791.56 5031.14 5282.70 5546.84 5824.18 ~ ~ 5998.91 6178.88 6364.25 6555.18. 6751.84
36 5031.14. 5282.70 5546.84 5824.18 6115.39::: :::x: 6298.85 6487.82 6682.45 6882.92 7089.41
37 5282.70 5546.84 5824.18 6115.39 6421..16 ~~ ~ 6613.79 6812.20 7016.57 7227.07 7443.88
38 5546.84 5824.18 6115.39 6421.16 6742.22 6944.49 7152.82 7367.40 7588.42 7816.07
39 5824.18 6115.39 6421.16 6742.22 7079.33 ::: :;:::.7291.71 7510.46 7735.77 7967.84 .8206.88
40 611.5.39 6421.16 6742.22 7079.33 7433.30 ~ 7656.30 7885.99 8122.57 8366..25. 8617.24
41 6421..16 6742.22 7079.33 7433.30 7804.97 ~~ 8039.12 8280.29 8528.70 8784.56 9048.10
42 6742.22 7079.33 7433:30 7804.97 8195.22 8441.08 8694.31 8955.14 9223.79 9500.50
43 7079.33 7433.30 7804.97 8195.22 8604.98 ~ ~ 8863.13 .9129.02 9402,89 9684.98 9975.53
44 7433.30 7804.97 8195.22 8604.98 9035.23 9306.2.9 9585.48 9873.04 10169.23 10474.31
45 7804.97 8195.22 8604.98 9035.23 9486.99 ~ ~ 9771.60 10064.75 10366.69 10677.69 10998.02
46 8195.22 8604.98 9035.23 9486.99 9961.34. x::10260.18 10567.99 10885.03 11211.58 11547.93
47 8604.98 9035.23 9486.:99 9961.34 10459.41 ~~~ ~> 10773.19 11096.39 11429.28 11772..16 12125.32
48 9035.23 9486.99 9961..34 10459.41 10982.38 ~ ~~11311.85 11651.21 12000.75 12360.77 12731.59
Bldg Permit Spec 3193,84 3353.53 3521.21 3697.27 3882.13 ~~ 3998.59 4118.55 4242.11 4369.37 4500.45
Code Comp. Sup 4612.21 4842.82 5084.96 5339.21 5606.17 1 5774,36 5947.59 6126.02 6309.80 6499.09
Maint Super. 3968.47 4166.90 4375.25 4594.01 4823.71 ~~ 4968.42 5117.47 5270.99 5429.12 5591.99
437
CIYY OI= RANCHO MIRAGE
ANNUAL SALARY SCHEDULE
(Effective July 01, 2004)
RANGE A B C D E F G H I J
20 27,658 29,041 30,493 32,017 33,618:::;::;; 34,627 35,666 36,736. 37,838 38,973.
21 29,041 30,493 32,017 33,618 35,299 36,358 37,449 38,572 39,730 40,921
22 30,493 32,017 33,618 35,299 37,064 >1 38,176 39,321 40,501 41,.716 42,968
23 32,017 33,618 35,299. 37,064 38,917 40,085 41,287 42,526 43,802 45,116
24 33,618 35,299 37,064 38,917 40,863::;x;:;:; 42,089 43,352 44,652 45,992 47,372
25 35,299 37,064 38,917 40,863 42,906:.>> 44,194 45,519 46,885 48,292 49,740
26 37,064 38,917 40,863 42,906 45,052 ~ 46,403 47,_795 49,229- 50,706 52,227
27 38,917 40,863 42,906 45,052 47,304::,;;;:: ' 48,723 50,185 51,691 53,241 54,839
28 40,863 42,906 45,052 47,304 49,670 ~< ~ 51,160 52,694 54,275 55,903 57,581
29 42,906 45,052 47,304 49,670 52,153 > ~ 53,718 55,329 56,989 _58,699 60,460
30 45,052 .47,304 49,670 52,153 54,761 56,403 58,096 59,838 61,634 63,483
31 47,304 49,670 52,153 54,761 57,499~~ 59,224 61,000 62,830 64,715 66,657
32 49,6.70 52,153 54,761 57,499 60,374 ~~ 62,185 64,050 65,972 67,951 69,990
33 52,153 54,761 57,499 60,374 63,392 65,294 67,253 69,270 71,349 73,489
34 54,761 57,499 60,374. 63,392 66,562 ~ 68,559 70,616 72,734 74,916 77,163
35 57,499 60,374 63,392 66,562 69,890::;::: ::; 71,987 74,146 76,371 78,662 81,022
36 60,374 63,392 66,562 69,890 73,384 ~ 75,586 77,854 80,189 82,595 85,073
37 63,392 66,562 69,890 73,384 77,054::;:;,: ;; 79,365 81,746 84,199 86,725 89,326
38 66,562 69,890 73,384 77,054 80,906 ~ ~ 83,334 85,834 88,409 91,061. 93,793
39 69,890 73,384 77,054 80,906 84,952 ~~~ 87,500 90,125 92,829 95,614 98,482
40 73,384 77,054 80,906 84,952 89,199 ~ 91,875 94,632 97,470 100,395 103,406
41 77,054 80,906 84,952 89,199 93,659::::: :::: 96.,469 99,363 102,344 105,414 108,577
42 80,906 84,952 89,199 93,659 98,342 ~ 101,292 104,331 107,461 110,685 114,006
43 84,952 89,199. 93,659 98,342 .103,259 ~:'~ ~ 106,357 109,548 112,834 11.6,219 119,706
44 89,199 93,659 98,342 103,259 108,422 ~> ` 111,675 115,025 118,476 122,030 125,691
45 93,659 98,342 103,259 108,422. 113,843- ~ 117,259 120,776 124,400 128,132 131,976
46 98,343 103,260 108,423 113,844 119,536:;:: ;:: 123,122 126,816. 130,620 134,539 138,575
47 103,260 108,423 113,844 119,536 125,513 ~ 129,278 133,157 137,151 141,266 145,504
48 108,423 113,844 119,536 125,513 131,789 ~~ ~~ 135,742 139,814 144,009 148,329 152,779
Bld Permit S ec
9 p 38,326 40,242 42,255 44,367 46,586 ~~ 47,983 49,423. 50,905 . 52,432 54,005
Code Com . Su
P P 55,347 58,114 61,020 64,071 67,274 ~ ~< 69,292 71,371 73,51,2. 75,718 77,989
Maint Su er.
P 47,622 50,003 52,503 55,128 57,884 59,621 61,410 63,252 65,149 67,104
438
CITY OF RANCHO MIRAGE
PART-TIME SALARY S CHEDULE
(Effective July 1, 2004)
TITLE ~ CLASSIFICATION A B C D E F G H I J
Library Page Part TimelSubstitute 8.9535 9.4011 9.8712 10.3648 ,10.8830 11.2095 11.5458 11.8921 12.2489 12.6164
Sr Library Page Part Time/Substitute 10.7442 11.2814 11.8454 12.4377 13.0596 ` 13.4514 13.8549 14.2706 14.6987 15.1396
Library Clerk I Part TimelSubstitute 11.6256 12.2069 12.8173 13.4581 14.1310 ~~: 14.5550 14.9916 15.4414 15.9046 16.3817
Library Clerk II Part TimelSubstitute 13.3695 14.0380 14.7399 .15.4769 16.2507 16.7382 17.2404 17.7576 18.2903 18.8390
Computer Tech Part TimelSubstitute 14.5000 15.2250 15.9863 16.7856 17.6248 ~ 18.1536 18.6982 19.2591 .19.8369 20.4320
Library Assistnt Part TimelSubstitute 16.0000 16.8000 17.6400 18.5220 19.4481 ~~ 20.0315 20.6325 21.2515 21.8890 22.5457.
Librarian Intern Part TimelSubstitute 18.1725 19.0812 20.0352 21.0370 22.0888 22.7515, 23.4341 24.1371 24.861.2 25.6070
Librarian Part Time/Substitute 19.6458 20.6281.. 21.6595. 22.7425 23.8796 ~ 24.5960. 25.3339 26.0939 26.8767 27.6830
439
440
CITY OF RAfIC O MIRAGE
_ ~
REVENUE AND EXPENDITURE ACCOUNT DEFINITIONS
._..,. ~.,..~ ~.,_ti.~ ~ x
. , ~ ~,, .,~ ... ,. ~ v o,.. ..~ ..:~..... ~, ~ a
REVENUES:
4000- Property Tax. Property tax revenue generated based on property values pursuant to
4020 Proposition 13.
4028 Real Property Transfer Tax. Tax generated as a result of changes in real property ownership.
4032 Structural Fire Tax. Property tax revenue generated based on property values pursuant
to Proposition 13.
4036 Tax Increment. Incremental growth in property tax revenue generated subsequent to formation of
a redevelopment project area.
4040 Sales & Use Tax. Percentage of sales tax generated in the City.
4044 Franchise Tax. Revenue collected from businesses providing utility services in the City such as
Electric, Natural Gas and Cable TV.
4048 Bed Tax. Revenue collected from occupants and remitted to City by hotels and rental agencies
calculated at 10% of the rent charged by the operator. Also known as transient occupancy tax.
4300 Business Licenses. Fees charged to businesses performing services in the City based on type of
business.
4305 Tobacco Licenses. Fees charged to businesses who sell tobacco.
4310 Public Works Plan Check Fees. Fees for plan checking such as grading plans and improvement
plans.
431 S Public Works Misc. Fees. Miscellaneous revenue not appropriate for any other category.
4320 Public Works Inspections. Fees charged for inspection of site and street improvements.
4323 Public Works Permits. Fees for pool drain permits, transportation permits, etc.
4325 Mobilehome Operating Permit. Fees collected from park owners and shared by the City and the
State of California.
4328 Golf Cart Permits. Fees collected for registering golf carts for traveling within public right-of-
way.
4330 PMIO Plan Approval Fee. Fees to review PMIO plans.
441
4600 Motor Vehicle In Lieu. Portion of revenue collected by the Department of Motor Vehicles for
registration fees.
4604 Trailer Coach License Fee. Portion of revenue collected by the Department of Motor Vehicles
for registration fees for mobile homes.
4608 State Grants. Grants and other revenue from the State.
4610 County Cops Revenue. Revenue. from State of California restricted to law enforcement purposes.
4612 Indian Wells Library Contract. Amount charged to City of Indian Wells for providing library
services to Indian Wells residents.
4615 State. Gas Tax 2105. Local agency's share of the State tax on vehicle fuels used for street
construction or maintenance projects.
4618 State Gas Tax 21060 Local agency's share of the State tax on vehicle fuels used for street
construction or maintenance proj ects.
4621 State .Gas Tax 2107. Local agency's share of the State tax on vehicle fuels used for street
construction or maintenance projects.
4624 State Gas -Tax 2107.5. Local agency's share of the State tax on vehicle fuels used for street
construction or maintenance projects.
4636 MSAPR. Fees collected by the Department of Motor Vehicles in compliance with AB2766
dealing with Mobile Source Air Pollution Reduction (MSAPR) intended to fund air quality
management plans.
4900 Building Permit Fees. Fees collected from applicants intended to cover the cost of building
inspections.
4905 Building Plan Checks. Fees collected from applicants intended to cover plan checking related
expenditures.
4910 Planning Fees.. Fees collected from applicants intended to cover a portion of planning staff time
and other related expenditures.
4915 Fire Department Inspections. Fees collected from businesses intended to-cover the cost of fire
safety inspections.
4925 Rent Control Fee. Fees collected from park. owners for operation of the Rent Control
Commission.
4930 Tipping Fee. Charges collected from residents and businesses by the City's solid waste collection
and recycling contractor and remitted to the Riverside County Waste Resources Management
District and the City based on tonnages collected and landfilled.
4935 VICR Fee. Vehicle Impound. Cost Recovery fees collected. by Riverside County Sheriff to
recover administrative costs related to the removal, impounding, storage or release of impounded
vehicles.
442
51.00 License Tax. Tax collected on new- construction used for construction of public facilities in the
City.
5150 Westin Time Share. Revenues to mitigate. impacts of Westin Vacation Club project pursuant to a
development agreement.
5305 Reimbursement from RDA. Reimbursement for General Fund staff support to other funds plus
15 % overhead.
5315 Reimbursement from Housing Authority. Reimbursement for General Fund staff support to
other funds plus 15% overhead.
5320 Reimbursement from Citywide Landscaping.. Reimbursement for one-half of salaries and
benef is for Park Maintenance workers.
5325 Reimbursement from other Funds. Reimbursements for expenditures that are reimbursable by
other funds that may include operational costs, equipment and capital project costs.
5361 Reimbursement. from Local Governments. Reimbursement for expenditures that are
reimbursable by other local government agencies, mainly for capital. project costs and based on
agreements.
5400 Fines. Fines collected from parking and administrative citations issued by Code Compliance and
the Sheriff's Department.. Fines and fees for library services..
5512 Parcel Charges. Benefit assessments paid by property owners and collected via the property tax
roll.
5514 Park Maintenance Replacement ,Tax. Benefit assessment paid by property owners and
collected via the property tax bill.
5524 Quimby Fees. Fees paid by developers intended to provide funds for the .City to develop new or
rehabilitate existing park facilities.
5528 Community Facilities District #1. Parcel charges used for fire and sheriff services.
5529 Community Facilities District #2. Parcel charges used for fire and sheriff services.
5800 Interest-City Investments. Interest earned on cash and investments.
5810 Interest-Trustee Investments. Interest earned on cash and investments .held by the City's
trustee.
5820 Interest RDA Loan. Annual interest payment on loan to Redevelopment Agency.
6100 Other Revenue. Miscellaneous revenue not appropriate for any other category.
6103 Golf Program Revenue. Collected from Westin Mission Hills golf course from Rancho Mirage
Residents utilizing the Golf Program.
611.0 Donations. Gifts, grants and other funds donated by individuals, businesses or other
organizations.
443
d 125 Abatements. Revenue collected from property owners who reimburse. the City for nuisance
abatement work on their property.
6400 Operating Transfer In. Routine transfers of money from one fund to another.
6435 Transfer from Debt Service. Amount of excess tax increment transferred from the debt service
fund.
6440 Transfer from Low Cost Housing Fund. Amount of excess, tax increment transferred from the
Low Cost Housing Fund.
EXPEIVDITUR~S.
7100 Salaries-Full Time. Normal payroll expenditures for City Council/Boards of Directors and full-
time employees that are subject to all usual deductions.
7l 10 Salaries-Part Time. Normal ayroll expenditures for part-time employees that are subject to all
p
usual deductions.
7120 Salaries-Over Time. Approved hours worked paid at time and a half.
7125 Disabilit Reimbursement. The amount reimbursed by City's insurance company for disability
y
claims.
7128 Workers' Comp Reimbursement. The amount reimbursed by City's insurance company for
workers' compensation claims.
7200 Employee Benefits. PERS retirement, FICA Medicare, workers' compensation, group insurance
and other benefits the City pays for employees.
7400 ProfessionallTechnical. Special services. performed by consulting f rms such as auditing,
engineering, architectural, actuarial, legal and similar services.
7404 Sheriff Services. Law enforcement services.
7408 Count Bookin Fees. County of Riverside fees charged for booking and processing
Y g
of prisoners..
.7410 Desert Search & Rescue. City's share of contribution of equipment and operation costs.
7412 Fire Services. Fire protection services..
i merit Re lacement Contribution. Contribution to Cove Communities Services for
7416 Equ p p
replacement of fire equipment. --
7420 Animal Control. Animal licensing and control,
7424 County Emergency Services. County-wide coordination services..
.7428 County Data Processing. Microwave access to Assessor's files.
7432 Auditin Services. Annual financial and other required audits.
g
444
7440 Bond Servicing. Annual fees charged for bond. trustee and arbitrage .calculation services.
7444 Temporary Agency Services. Cost of temporary extra help.
7448 Home Improvement Program. Expenditures associated with providing residential rehabilitation
assistance to those households in the very low to moderate income group.
7452 General Plan Maintenance.. Community Development's expenses for the maintenance of the
General Plan.
7456 Special Assistance Funds. Contract for services with non-profit organizations.
7460 Inspections. Supplementary special inspection services..
7464 Survey Control. Public Works' requirement of surveys from time to time..
7468 Chamber of Commerce. Funds to promote City businesses.
7472 Desert Resort CVA. Costs of providing tourist and convention services.
7476 Local Promotions. Amount returned to convention hotels to use in their promotional budgets.
7484 CVAG Administration Fee. Fee charged by CVAG to administer grants or contracts.
7488 Cove Senior Center. Cove Communities' Senior Project.
7498 25th Anniversary. Expenditures associated with the City's. 25th Anniversary celebration.
7492 Bighorn Research. Support services related to the Bighorn sheep.
7504 CVAG Coordination. City's share of a regionally coordinated solid. waste management program
at CVAG.
7508 Household Hazardous Waste. City's share of household hazardous waste collection
and disposal.
7560 ADA. Expenditures associated with compliance with the Americans with Disabilities Act.
7561 PM lo. Expenditures. associated with attaining Federal and State standards for PM~o emissions and
compliance with State Implementation Plan.
7562 TDM. Expenditures associated with meeting Federal and State .mobile source air pollution
reduction standards.
7563 Recycling.. Expenditures associated with State mandates.
7564 Water Quality and Conservation. Expenditures associated with compliance with State Water
Conservation in Landscaping Act and local ordinance.
7615 Street Stri ing. Expenditures related to re-striping of streets in areas of heavy use.
p
445
7618 Traffic Signal Maintenance/Electric. Costs for maintenance and electricity for traffic signals.
7624 Vehicle 0 erations/Maintenance. Costs related to the operating & maintenance of City vehicles
P
and equipment.
7642 Abatements. Costs for city initiated property .abatements. Costs are recovered with tax liens.
7645 Storage Area Rental. Costs for rental of storage unit for miscellaneous storage of excess.
furniture, equipment, holiday dec®rations, and files that have been microfilmed.
7648 Property Taxa Property tax on City Yard.
7800 Mileage. Reimbursement for the use of an employee's private vehicle for City. business on a per
mile basis.
7803 Car Allowance. Monthly allowance. for the use of employees' personal vehicle for City business.
7806 Meetings & Travel. Reimbursement for meals, lodging, conference registration, airfare and use
of private car when attending municipal meetings.
7810 Meetings & Travel Dist. #1. See Object Code 7806 for definition.
7811 Meetings ~ Travel Dist. #2. See Object Code 7806 for definition.
7812 Meetings & Travel Dist. #3. See Object Code 7806 for definition.
7813 Meetings & Travel Dist. #4. See Object Code 7806 for definition.
7814 Meetings & Travel Dist. #5. See Object Code 7806 for definition.
7818 Dues & Subscriptions. Expenses for professional and technical memberships and subscriptions
to professional and technical publications.
7821 Telephone. Service for City facilities.
7824 Communication MaintenancelService. Costs associated .with, maintaining communications
capabilities.
7827 Community Publications. Production of MirageScape and other special reports.
7830 Photo rah . S ecial hotographs for newsletters, news releases, Council and staff.
g pY p p
7833 Elections. City expenses in the municipal election process.
7836 ®rdinance Codification. Charges for revisions, to Municipal Code.
7839 Re roduction & Printing.. Reproduction .and printing costs incurred by City departments.
P
7842 Advertisin /Publishing. Public hearing notices, ordinances, resolutions., legal notices, etc.
g
7845 Computer TraininglConversion. Computer training and advancement classes.
7848 Microfilming. Aperture card filming of plans, drawings, etc.
446
7851 Insurance & Bonds. Premiums paid for fire, liability,. employees' bonds and other insurance
coverage, excluding those insurance programs listed under employee benefits.
7854 Annual Administrative Fee. City staff support to various funds.
7857 Training & Education. Reimbursement for. approved after-hours, job-related educational classes
taken voluntarily by employees as part of the educational incentive program.
7860 .Recruitment. Costs associated with the recruitment, classification and other personnel functions
of the City.
7863 County Processing Fee. County of Riverside .fees charged for collecting property tax.
7869 Employee Events. Costs for various events involving employees.
7870 CouncillCommission Events. Costs for. various events including members of Boards,
Commissions, Council and staff support.
7872 Public Relations. Costs for public relations.
7875 Cultural Commission. Various events, supplies, etc.
7876 Health & Medical Commission. Expenditures related to the Health & Medical Commission.
7878 Planning Commission. Fees paid to Planning Commissioners.
7879 Trails Commission. Expenditures associated with Trails Commission meetings.
7881 Parks Commission. Costs incurred for Parks Commission events.
7884 Litigation Expenditure. Litigation expenditures.
7887 Special Events. Special events at Library such as National Library Week, Children's Book Week,
etc.
7889 Resident Recreation Golf. Expenditures related to the Resident Recreation Golf Program..
8000 Supplies. All general supplies used in the day to day business of City government.
8004 Repair & Maintenance Supplies. Supplies used in the maintenance and repair of City facilities.
Cleaning supplies and light bulbs are examples.
8008 Library Materials. Library books, recordings, magazines, newspapers and other
Library materials for public use.
8012 Small Tools, Furniture & Equipment. This account is primarily used for hand tools, furniture
and equipment items costing less than $500 that are routinely used by City employees and maybe
replaced as required. Items costing more than $500 are considered capital items to be budgeted in
the 8900 account series.
8016 Emergency Supplies. Miscellaneous supplies used for the Emergency. Services Program.
8020 Uniforms. Cost of providing uniforms for City employees and COPS program.
447
8024 Traffic Control. Expenditures incurred by street maintenance for traffic control devices and
supplies.
8028 Computer Enhancement. Computer software and installation, programs, upgrades, etc.
8032 Holiday Decorations. Holiday decorations at City Hall.
8200 Principal. Principal payment on bond issues.
8205 Interest. Interest payment on bond issues.
8210 Library Lease Payment. Payment to Joint Powers Financing Authority for debt service principal
and interest.
8215 Inter-Fund Loan Repayment. Repayment by other funds of previous loans.
8220 Lease Payments. Lease payments for computer hardware and copiers.
8225 Bond Issuance Costse Costs associated with the issuance of bonds.
8245 Interest on Loan. Annual interest-payment on outstanding loans.
8300 Riverside Co. Super. of Schools. Tax increment pass through pursuant to pass through
agreement.
8305 P.S. Unified School District. Tax increment pass through pursuant topass through agreement.
8310 Riverside Co. Auditor-Controller. Tax increment pass through pursuant to pass through
agreement.
8315 C.V. Water District. Tax increment pass through pursuant topass- through agreement.
8320 C.V. Mosquito Abatement District. Tax increment pass through pursuant to pass through
agreement.
8325 College of the Desert. Tax increment pass through pursuant to pass through agreement.
8330 C.V. Recreation & Park District. Tax increment pass through pursuant to pass through
agreement.
8335 C.V. Cemetery. Tax increment pass through pursuant topass through agreement.
8340 Palm Springs Cemetery District. Tax increment. pass through pursuant to pass through
agreement.
8345 C.V. Resource Conservation. Tax increment pass through pursuant to pass through agreement.
448
8360 Contribution to Library Fund. Amount of tax increment contributed as a result of withdrawal
from Riverside County system.
8365 Contribution to Fire Tax Fund. Amount of tax increment contributed as a result of withdrawal
from Riverside County system.
8500 Reimbursement to General Fund. Reimbursement for Generaa Fund staff support plus 15%
overhead.
8700 Miscellaneous Ex enditure. General governmental expenditures not specifically classified
p
elsewhere.
8705 Contribution to Vons. Agreement to provide financial assistance to Vons.
8800 0 erating Transfers Out. Routine transfers of money from one fund to another.
p
8805 Residual Equity Transfer Out. One time transfers of money from one fund to another.
8815 Transfer to Capital Projects. Transfer of excess tax increment from debt service to capital
projects fund.
8820 Transfer to Housing Authority. Transfer of excess increment from Low -Cost Housing Fund to
the Housing Authority.
8900 Furniture & Equipment. Office furniture and all other equipment used in City offices.
8905 Automotive. Cost of vehicles.
8910 Other Equipment. Cost of machinery and other equipment.
449
4S0
CI1'V OF RAMC O MIRAGE
~,
~ ~
GLOSSARY
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The following list of terms are commonly used financial terms:
ALLOCATE - To divide alump-sum appropriation which is designated for expenditure by specific
organization units and/or for specific purposes, activities, or objects.
APPROPRIATION - An authorization made by the City Council or Boards of Directors which permits
expenditures of cash resources to occur.
ASSESSED VALUATION - A dollar value placed on real estate or other property by Riverside County as
a basis for levying property taxes.
ASSET -Anything having commercial or exchange value that is owned by a business, institution or
individual.
AUDIT -Conducted by an independent Certified Public Accounting (CPA) firm; the primary objective of
an audit is to determine if the City's financial statements present the City's financial position and results of
operations in conformity with generally accepted accounting principles.
BALANCED BUDGET - A budget in which planned expenditures do not exceed projected funds
available.
BALANCE SHEET - A financial statement reporting the organization's assets, liabilities and equity
activities.
BUDGET -The document created by the staff and approved by the City Council or Boards of Directors
which establishes the broad policy guidance concerning the utilization of the City's financial resources.
BUDGET CALENDAR - A schedule of dates which is followed in the preparation, adoption, and
administration of the budget.
BUDGET MESSAGE -Included in the opening section of the budget, the Message provides the City
Council and the public with a general summary of the most important aspects of the document, changes
from the previous fiscal years, and the views and recommendations of the City Manager.
CONSUMER PRICE INDEX (CPI) - A measure used to reflect the change in the price of goods and
services.
CONTINGENCY - An appropriation of funds to cover unforeseen events that occur during the fiscal year
such as flood emergencies, Federal mandates, shortfalls in revenue, and similar potential occurrences.
CONTINUING APPROPRIATION -Funds committed for a previous fiscal year expenditure which were
not spent in the year of appropriation but are intended to be used in the succeeding year. The most
common example is an appropriation for a capital project.
451
CONTRACTUAL SERVICES -Services rendered to City activities by private firms, individuals or other
governmental agencies. Examples of these services include engineering and law enforcement.
DEPARTMENT - A rriaj or organizational unit of the City's General Fund which has been assigned overall
management responsibility for an operation or a group of related operations within a functional area.
DESIGNATED F[TND BALANCE - A portion of unreserved fund balance designated by City policy for
specific future use.
ENCUMBRANCE -The legal commitment of appropriated funds to purchase an item or service. To
encumber funds means to set ,aside or commit funds for a future expenditure.
EXPENDITURE -The outflow of funds paid for goods. or services obtained..
FEES FOR SERVICES -Charges paid to the City by users of a service to help support the costs of
providing that service.
FISCAL 'YEAR ®The beginning and ending period for recording financial transactions. The City has
specified July 1 to June 30 as its fiscal year.
FIXED ASSETS -Assets of -long-term nature such as land, buildings, machinery, furniture, and other
equipment. The City has defined such assets as those with an expected life in excess of one year and an
acquisition cost in excess of $500.
FRANCHISE FEE - A franchise fee is charged for the privilege of using public right-of :way and property
within the City for public or private purposes. The City currently assesses franchise ,fees on cable
television, utilities, and trash collection contractors.
FUND - An accounting entity that records all financial transactions for specific activities or government
functions. The generic- fund types used by the City are: General, Special Revenue, Debt Service, and
Capital Project.
FUND BALANCE -The excess of current assets over current liabilities and represents the cumulative
effect of revenues and other financing sources over expenditures and other financing uses.
GENERAL FUND -The primary operating fund of the City; all revenues that are not allocated by law or
contractual agreement to a specific fund are accounted for in the General Fund. With the. exception of
subvention or grant revenues restricted for specific ,uses,. General .Fund resources can be utilized for any
legitimate governmental purpose.
GOAL - A statement of broad, direction, purpose, or intent.
GRANT -Contributions of cash or other assets from another governmental agency to be used or expended
for a specified purpose, activity, or facility.
INFRASTRUCTURE -The City's basic facilities, (e.g., streets, water, sewer, public buildings and parks}.
INVESTMENT REVENUE -Revenue received as interest from the investment of funds.
JOINT POWERS AUTHORITY (J.P.A.} - A .joint venture comprised of two or more governmental
entities sharing the cost of providing a public service.
452
LIABILITY - A claim on the assets of an entity.
LINE-ITEMS BUDGET - A budget that lists detailed expenditures categories (salary, materials, telephone
service, travel, etc.) separately, along with the amount budgeted for each specified category.
OBJECTNE - A statement of specific direction, purpose, or intent based on the needs of the community
and goals established for a specific program.
OPERATING BUDGET -The portion of the budget that pertains to daily operations providing
governmental services.
PERSONNEL SERVICES. -Costs associated with providing the staff necessary to provide the desired
levels of services. Included are both salary and benefit costs.
POLICY - A direction that must be followed to advance toward a goal. The direction can be a course of
action or a guiding principal.
PROGRAM - A grouping of activities organized to accomplish basic goals and objectives.
PROGRAM BUDGET - A budget that focuses upon the goals and objectives of an agency or jurisdiction.
RESERVE - A portion of fund balance that is legally restricted for a specific purpose and is, therefore, not
available for general appropriation.
REVENUE -Funds that the government receives as income.. It includes such items as tax payments, fees
from specific services, receipts from other governments, fines, grants, shared revenues,. and interest
income.
RISK MANAGEMENT - An organized attempt to protect an organization's assets against accidental loss
in the most cost-effective manner.
SALES TAX - A tax on the purchase of goods and services that is distributed by the State based on point
of sale.
SPECIAL ASSESSMENT - A levy made- against certain properties to defray part or all of the costs of a
specific improvement or service deemed to primarily benefit those parties.
SPECIAL REVENUE FUNDS -Funds used to account for the proceeds from specific revenue sources
that are legally restricted to expenditures for specific purposes.
SUPPLIES AND SERVICES - A general category used for clarifying expenditures for various supplies
and services which are normally used within a fiscal year.
TAX INCREMENT -Property tax revenue received by the Redevelopment Agency.
TRUST AND AGENCY FUNDS -Also known as Fiduciary Fund Types, these funds are used to account
for assets held by the City in a trustee capacity or as an agent for private individuals, organizations, or
other governmental agencies.
UNDESIGNATED FUND BALANCE - A portion of fund balance that is not reserved for specific
purposes or obligated in any manner. Undesignated fund balance is a key indicator of financial health.
USER FEES -The payment of a fee for direct receipt of a service by the party benefiting from the service.
453
454
CITY OF RAtyC O MIRAGE
~ ~
Win. _1
INDEX
Account Definitions .............................................................................................441
Administration ....................................................................................................... 81
Air Pollution Reduction Fund ............................................................................ 263
All Funds Financial Summarv ............................................................................... 31
Bridge Tax Fund ................................................................................................. 255
Building & Safety ............................................................................................... 105
Buildings & Grounds .......................................................................................... 127
Calculation of Appropriations Limit ..................................................................... 22
Capital Improvement Projects (CIP) Commentary ............................................. 369
Child Enrichment Center ..................................................................................... 177
CII' Descriptions and Funding Sources FY 2003-04 and 2004-OS ..................... 372
City Attorney ....................................................................................................... 77
City Clerk ............................................................................................................ 61
City Council ........................................................................................................ . 57
City Manager/Management Services ................................................................. . 67
Citizen's Option for Public Safety Fund ........................................................... 147
Code Compliance ................................................................................................ 109
Community Profile .............................................................................................. 391
Community Services District Fund ..................................................................... 239
Comparison of Annual Budget to Appropriations Limit ..................................... .. 23
Debt Service Schedules ....................................................................................... 410
Debt Service Summary ........................................................................................ 407
Distinguished Budget Presentation Awards ........................................................ .. 27
Engineering .......................................................................................................... 113
Emergency Services ............................................................................................ 143
Finance ................................................................................................................ .. 87
Fire Tax Fund ...................................................................................................... 233
Fund Descriptions ................................................................................................ ..29
Gas Tax Fund ..................................................................................................... 251
General Fund -Where the Money Comes From FY 2003-04 ............................. ..43
General Fund -Where the Money Comes From FY 2004-OS ............................... 45
General Fund -Where the Money Goes FY 2003-04 ...........................................44
General Fund -Where the Money Goes FY 2004-05 ........................................... 46
General Fund Capital Improvements Program Description ............................... 205
General Fund Capital Improvements Financed from Fund Balance .................. 206
General Fund Capital Improvements Financed from License Tax ................... . 208
General Fund Departmental Expenditure Summary .......................................... .199
ry ............................................
General Fund Financial Summa •••••••••••••••••••••••••• ••• 37
455
General Fund Operating Revenues and Operating Expenditures ......................... 41
General Fund Summary of Operating Revenues and
Operating Expenditures .................:............................................................e... 40
General Fund T®tal Revenues and Total Expenditures .........................:.............. 42
General Fund Undesignated Fund Balance History.......sass..e.•.....oe..e.e.....eo..s..r..... 39
General Government .........................................................................:................. 153
General Governmental Expenditures by Function......o..•o...•o...e............se............ 428
General Governmental Revenues by Source ...................................................... 426
Glossary.e ................e....•e.e..•o.....•e.e....•s......•e.....o•e..a.e.....•..•.o................e..........• 451.
Housing Authority Fund ...o....y ....................•a•os.•e.•...............a•.....sr.....................• 3 49
Index ............................................................................................................... 45 5
Information and Marketing............: .................................................:.............. 191
Information Services ......................................................................................... 93
Landscape & Lighting Funds .......................................................................... 211
Library Fund ...........................e...........:.......................................................... 269
Long Range Financial Planning .......................................................................... 419
Low Cast Housing Fund e.o.•s..e.• ..............•...........•e...o......•e..••........e.e.....s............• 341
Mandated Programs ............................................................................................ 165
Map of California and .Riverside County ............................................................ 397
Mayor's Budget Message ................................................................................... .... l
Measure A Fund.........a .............•e.•e...e.•se..•s....•e...•e..............••..s......eo....e.............• 259
Northside Capital Projects Fund .......................................................................... 335
Northside Debt Service Fund.........s.•e............s....•s ..............•............e..e.....e....o...e 329
Northside Project Area History.....s.•.........s........~..s.•s.e..•ee..o.eor•e ..................e....... 308
Organizational Chart .........................e....:............................................................ .. 26
Parkland Fund ..................................................................................................... 243
Parkview Villas Senior Residential Complex Fund...... ........................................ 359
Planning .......:....................e................................................................................. .. 99
Public Safety ................................................1........................................e............ 135
Redevelopment Agency Funds Narrative .......................................................... 305
Redevelopment Project Area Boundaries Map .................................................. 310
Regional Planning & Implementation ............................................................... 173
Rent Control Fund .............1................................................................................. 283
Resolution Establishing the Appropriations Limit for
Fiscal Year 2003-2004 ........................:.......................................................... .. 24
Resolution of the Board of Directors of the Rancho Mirage
Redevelopment Agency Adopting.FY 03-04 and.04-OS Budgets ..,..e.......... 309
Resolution of the City of Rancho Mirage Adopting
Fiscal Years 03-04 and 04-OS Budgets .......................................................... ..18
Resolution of the Community Services District of the City of Rancho Mirage
Adopting Fiscal Years 03-04 and 04-05 Budgets .......................................... .. 20
Resolution of the Housing Authority .Board of the City of Rancho Mirage
Adopting FY 03-04 and. 04-OS Budgets ......................................................... 347
Resolution of the Library Board of the City of Rancho Mirage
Adopting Fiscal Years 03-04 and 04-OS Budgets .......................................... ..19
Salary Schedules ................................................................................................. 432
Schedule of Authorized Staff Positions. and Salaries .......................................... .. 35
Special Programs ................................................................................................ 181
Staff Time Allocation Resolution Redevelopment Agency ............................... 345
456
Staff Time. Allocation Resolution Housing Authority .........................................3b7
Storm water ualit Fund ..........................:...........1...........................
Q Y ..................289
Street Maintenance ............................................................................ .................. l 1
Summary of Expenditures & Operating TR Out FY 99-00 to 04-OS ..................431
Summary of Expenditures and Operating Transfers Out .......................................34
Summary of Legal .Debt Margin ..........................................................................405.
Summary of Proposition 4 Appropriations Limit ......1 ...........................................
Summary of Revenues & Operating TR In FY 99-00 to 04-05.... ..... ...................430
Summary of Revenues and Operating Transfers In .......................... .....................33
Summary of Significant Accounting, Fiscal, Operational
and Budgetary Policies ................................................................ ...................399
Summa of .the Bud et Process .......................................................
rY g .....................15
Ten Year Financial Projection .......................................................... ...................42
Ti in Fee Programs Fund .............................................................
Pp g ...................295
Traffic Safety Fund ..................................................e...........................................301
Whitewater Capital Projects Fund .......................................................................317
whitewater Debt Service Fund ............................................................................311
Whitewater Economic Development Fund ..........................................................323
whitewater Project Area History ..................................................... ....................307
457