HomeMy Public PortalAbout14 Agency FundsCOMPREHENSIVE
A\NUAL
FI \ANCIAL REPORT
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CITY OF RANCHO MIRAGE, CALIFORNIA
Agency Funds are used to account for assets held by the City in a fiduciary capacity
for individuals, governmental entities and others.
The CITY AGENCY FUND is used to
account for refundable customer deposits.
AGENCY FUNDS
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The ASSESSMENT DISTRICTS FUND is
used to account for assessment collections and
debt service payments of assessment districts
whose debt is not an obligation of the City.
CITY OF RANCHO MIRAGE
AGENCY FUNDS
COMBINENG SCHEDULE OF CHANGES IN FIDUCIARY ASSETS AND LIABILITIES
Year ended June 30, 2008
Balance at Balance at
July 1. 2007 Additions Deductions Tune 30.2008
CITY AND AGENCY FUND
Assets:
Cash and Investments 3,265,974 1,000,978 1,379,198 2,887,754
Total assets 3,265,974 1,000,978 1,379,198 2,887,754
Liabilities.
Accounts payable 1,011,342 1,240,492 1,370,944 880,890
Deposits payable 2 ,254,632 963,722 1,211,490 2,006,864
Total liabilities 3,265,974 2,204,214 2,582,434 2,887,754
ASSESSMENT DISTRICTS FUND
Assets:
Cash and Investments 679,966 1,975,274 1,631,338 1,023,902
Cash and Investments with fiscal agent 1,523,411 216,565 414,066 1,325,910
Interest receivable 940 1,485 940 1,485
Accounts receivable 1,128 1,128
Due from other governments 261,625 29,171 261,625 29,171
Total assets 2,465,942 2,223,623 2,307,969 2,381,596
Liabilities.
Accounts payable 67,159 67,159
Due to bondholders 2,465,942 2,156,465 2,240,811 2,381,596
Total liabilities 2,465,942 2,223,624 2,307,970 2,381,596
TOTALS ALL AGENCY FUNDS
Assets'
Cash and investments 3,945,940 2,976,252 3,010,536 3,911,656
Cash and investments with fiscal agent 1,523,411 216,565 414,066 1,325,910
Interest receivable 940 1,485 940 1,485
Accounts receivable 1,128 1,128
Due from other governments 261,625 29,171 261,625 29,171
Total Assets 5,731,916 3,224,601 3,687,167 5,269,350
Liabilities.
Accounts payable 1,011,342 1,307,651 1,438,103 880,890
Deposits payable 2,254,632 963,722 1,211,490 2,006,864
Due to bondholders 2,465,942 2,156,465 2,240,811 2,381,596
Total liabilities 5.731,916 4,427,838 4,890,404 5 ,269,350
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