HomeMy Public PortalAbout04 Government-Wide Financial StatementCOMPREHENSIVE
ANNUAL
FINANCIAL REPORT
CITY OF RANCHO MIRAGE, CALIFORNIA
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CITY OF RANCHO MIRAGE
STATEMENT OF NET ASSETS
June 30, 2009
Governmental
Activities
Assets:
Cash and investments (note 2) 135,611,634
Cash and investments with fiscal agent (note 2) 82,670,114
Receivables:
Interest 91,836
Accounts 801,800
Special assessments 546,511
Loans 2,227,318
Trust 9,890
Due from other governments 2,180,208
Prepaid items 32,157
Capital assets (note 5):
Non depreciable capital assets 39,495,093
Depreciable capital assets 177,802,113
Accumulated depreciation (53,468,549)
Total assets 388,000,125
Liabilities:
Accounts payable 9,850,890
Accrued salaries and benefits 197,295
Accrued interest payable 2,043,039
Due to other governments 2,072,465
Deposits payable 176,028
Unearned revenue 101,390
Long -term liabilities (note 6):
Due within one year 6,073,912
Due in more than one year 171,001,502
Total liabilities 191,516,521
Net assets:
Investment in capital assets, net of related debt 71,406,020
Restricted for
Community development 28,647,681
Public safety 1,032,317
Public works 6,176,655
Cultural and recreation 5,786,702
Unrestricted 83,434,229
Total net assets 196,483,604
See accompanying notes to basic financial statements.
11
Governmental activities:
General government
Public safety
Public works
Cultural and recreation
Interest on long -term debt
and other charges
Total governmental activities
Expenses
22,518,896
10,446,535
13,393,378
4,322,608
9,764,527
60,445,944
CITY OF RANCHO MIRAGE
STATEMENT OF ACTIVI HES
Year ended June 30, 2009
Charges for
Services
2,016,132
313,223
1,382,936
513,853
Program Revenues
Operating Capital
Grants and Grants and
Contributions Contributions
4,226,144 2,803,831
476,912 97,179
370,119
1,595,079
361,721
General revenues:
Taxes:
Property taxes
Transient occupancy taxes
Sales taxes
Franchise taxes
Motor vehicle in lieu tax, unrestricted intergovernmental
Library and fire services tax
Interest income, net of increase (decrease) in fair value
Other
Total general revenues
Change in net assets
Net assets at beginning of year, as restated (note 15)
Net assets at end of year
See accompanying notes to 2 sic financial statements.
Total
Program
Revenues
2,590,223
683,342
2,978,015
875,574
Net (Expense)
Revenue and
Changes in
Net Assets
Governmental
Activities
(19,928,673)
(9,763,193)
(10,415,363)
(3,447,034)
(9,764,527)
97,179 7,127,154 (53,318,790)
23,861,913
4,634,439
4,470,537
1,240,960
62,110
8,997,464
10,517,778
444,438
54,229,639
910,849
195,572,755
196,483,604