HomeMy Public PortalAbout22 Additional InformationADDITIONAL
INFORMATION
ANNUAL BUDGET
• FY 2010 -2011 •
CITY OF RanCHO MIRAGE
CIT:Yi€X R"A t1Et10iMIRAGE
COMMUNITY PROFILE
Rancho Mirage is conveniently located in the heart of the 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 this growing 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,
superb medical facilities and resort hotels. World class recreation and entertainment opportunities abound.
Superb tennis and golf facilities attract both residents and tourists and are a Rancho Mirage trademark.
Rancho Mirage is recognized nationwide as a paradise for play The Kraft Nabisco Championship is held
annually at the spectacular Mission Hills Country Club. This prestigious Tournament is the first "major"
tournament of the year on the Ladies Professional Golf Tour and is often referred to as the "Masters" of ladies
golf.
Rancho Mirage is also home to the Eisenhower Medical Center. Dedicated in 1971 by the former President and
Mrs. Eisenhower, the 130 -acre medical campus began with an original 80 acres of land donated by Bob and
Dolores Hope. The Medical Center includes a 313 bed hospital, the Annenberg Center for Health Sciences, the
Hal B. Wallis Research Facility, the Betty Ford Chemical Dependency and Treatment Center, the Dolores Hope
Outpatient Center, the Lucy Curci Cancer Center, the Desert Orthopedic Center and the Barbara Sinatra
Children's Center.
The only Palm Springs Unified School District facility currently located within the City is the Rancho Mirage
Elementary School on Indian Trail in the Magnesia Falls Cove area. The District has begun construction of a
new high school in the City near Ramon Road and Da Vall Drive. One private school also serves the City,
Marywood -Palm Valley School on Da Vall Drive.
The City's Library still feels new, a few years after its dazzling opening on January 8, 2006. The Library staff
welcomes an average of nearly 1,200 visitors per day in 326 days of Library service annually The 45,000
square feet Library building features shelving for 125,000 books and media, seating for 160, more than 40
computer workstations, support for up to 50 wireless connections and 200 plug -in ports. It also includes a
children's story time room, an outdoor amphitheatre for stories, a public meeting room for audiences of up to
350 which can be divided into three smaller rooms, a conference room for 20, coffee bar, a Friends of the
Library bookstore, outdoor reading terrace and parking for 220 vehicles.
Settled into its new building and using the latest data available, the Library continues to score very well in
comparison to those 31 public libraries in California serving a core population under 25,000. Rancho Mirage
Public Library comes in first in numerous categories, including: square footage of the Library; loans per hour;
overall size of Library collection of books, DVDs, etc., total number of check -outs; number of virtual
(electronic) visits; number of books added; and funding for operations. In its category, the Library finishes
second in circulation and children's use per capita.
The Library offers a full range of programming for all interest and all ages. Lectures, author visits, musical
performances, theater, and film for adults, storytelling, crafts, magic, theater, and science for children making
the Library a true cultural center for Rancho Mirage and the Coachella Valley Since 1998, the American
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Library Association (ALA) has honored the Library's publications with 21 "Best of Show" and "Honorable
Mention" awards. These awards place the Library in national competition where very high standards for
publications, services, and performance are measured against a broad list of peer libraries. The Library was
built on the premise of delivering the highest quality and value in all areas.
Historical Development
Throughout its history Rancho Mirage has been a predominantly residential community, well known for its
country clubs, golf courses, prestigious resorts and planned commercial growth. The land uses and development
patterns of today were established since the beginning of the community in the 1920s and 1930s. Thunderbird
and Tamarisk Country Clubs, in the 1940s and 50s, expanded the initial community core and also initiated the
land use pattern of golf course and fairway homes so prevalent today
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 retreats 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 (PRDs). 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, five country clubs (Mission
Hills, Desert Island, The Springs, Sunrise, and Rancho Las Palmas), as well as many of the non -golf course
PRDs and private communities were completed. Also, Rancho Las Palmas Resort, Rancho Las Palmas
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.
Three of the City's major resort hotels were constructed in the 1980s. These world -class resorts are the Rancho
Las Palmas Resort & Spa on Bob Hope Drive, The Ritz Carlton on Frank Sinatra Drive and the Westin Mission
Hills on Dinah Shore Drive. In the first part of this decade, two mid- priced, limited- service suite hotels were
constructed. In 2008, the Agua Caliente Band of Cahuilla Indians opened its new $300 million hotel and resort
in the City near I -10 on Bob Hope Drive. These resorts and suite hotels attract thousands of visitors per year to
Rancho Mirage and represent a fiscal mainstay of the City's operating revenue.
Regarding the Ritz Carlton, in September 2006, GENLB- Rancho, LLC received City Council approval for a
renovation and expansion of the Ritz Carlton to include the addition of a spa facility, development of 54 hotel
villas, 25 tennis villas a new hotel wing consisting of 54 units. The project includes fractional ownership and
condominium hotel ownership of the new units developed. GENLB's construction funding was interrupted due
to the bankruptcy of its primary lender, Lehman Brothers. They continue in their efforts to secure replacement
funding.
The City boasts of five parks; the first, 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, racquetball/handball courts, an informal playfield, picnic facilities, a children's playground, a life -sized
fire engine and water feature, a recycling drop -off and walking paths with a 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
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benches, with a Braille- 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 a joint -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 it equestrian roots, in 1982 the City created the Community Trails Commission 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 Institute of
Rancho Mirage, which provides all facets of assistance to the visually impaired, is considered unique in the
nation as it was architecturally designed and constructed specifically to accommodate its clientele. The
Children's Museum of the Desert and the Tolerance Education Center have also chosen to make Rancho
Mirage their permanent home.
Incorporated as a City on August 3, 1973, Rancho Mirage has steadily grown in area. One of the prime goals on
incorporation was to gain control of land use decisions in Rancho Mirage and to preserve its unique character.
Upon incorporation, the City was 15.5 square miles in size. Today, its area has increased by nearly 60% to 24 7
square miles. There is an area adjacent to the northern city limits and south of Interstate 10, which is formally
designated as the Rancho Mirage Sphere of Influence (SOI). Although it is currently outside the City
boundaries, the SOI represents an area which can potentially be annexed to the City of Rancho Mirage.
Population and Housing Characteristics and other Statistics
With 17,008 permanent residents, Rancho Mirage has enjoyed a steady growth in population. In addition to
full -time residents, Rancho Mirage acts as a second home to over 13,200 people during the winter season. The
City's population is projected to grow to about 25,000 permanent residents by the year 2020. Rancho Mirage is
an affluent community with famous political leaders, corporate executives and top 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 -sized communities 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.
In the second quarter of 2009, Rancho Mirage's median existing home price was $597,500 — above all of
Southern California's counties. Rancho Mirage's median family income is $89,000 compared to $53,100 for the
Coachella Valley The median age is 61 compared to 37 for the Coachella Valley and people per household for
Rancho Mirage is 1.96.
Economic Overview
Rancho Mirage, like every other municipality in the State and in the nation, has been adversely affected by the
slumping economy However, we are weathering the situation better than most due to our history of strong
conunitment to fiscal responsibility and the City Council's vision to attract new revenue generating businesses
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while maintaining the City's well known reputation for high quality residential neighborhoods. In addition,
Rancho Mirage continues to market itself as a premier visitor destination. These efforts enabled our bed tax
revenue to remain relatively strong even in the slumping economy
Retail Sales
Retail sales in Rancho Mirage have also remained relatively strong during the current economy Over the past
few years, the City of Rancho Mirage has become a leader in restaurant, luxury automobile, home furnishings
and home improvements sales. Rancho Mirage's $21,171 per capita of taxable sales is third compared to
Coachella Valley cities and the 10 other major Inland Empire cities.
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 projects.
The River at Rancho Mirage, one of the most magnificent shopping, dining and entertainment centers in the
Palm Springs area and beyond, is a 30 -acre waterfront development located in one of the best locations for
commercial activity in the Valley at Bob Hope Drive and Highway 111. This axis provides excellent access and
visibility, with daily traffic counts exceeding 50,000. It has become an unmatched environment of style and
beauty, providing a great place to spend the day and enjoy the evening.
Although it took over two decades and countless hours of hard work, the site once referred to as the "Golden
Triangle" has been transformed into one of the most impressive, unique and magnetic shopping, dining, and
entertainment centers around. The River's attractiveness has exceeded initial expectations. People from
throughout the Coachella Valley and Southern California are coming to enjoy the many amenities offered at The
River. In fact, the response has been so positive that The River has created a ripple effect along Highway 111.
This area is now transforming into the vibrant commercial area it was envisioned as being. Current tenants at
The River include Borders Books and Music, Century Theaters/Movie Multiplex, the Cheesecake Factory, the
Yard House, P.F Chang's China Bistro, Piero's Acqua Pazza California Bistro and Fleming's Steak House.
The 50 -acre Monterey Marketplace is fast becoming one of the most visited shopping centers in the Coachella
Valley Located at the southwest corner of Monterey Avenue and Dinah Shore Drive, it is just off Interstate 10
and therefore provides easy access to shoppers from throughout the Coachella Valley Anchoring Monterey
Marketplace is the 3,315 seat Rancho 16 Theatres that offers state -of- the -art seating and sound. Additional
anchors include Home Depot, Pacific Sales Kitchen and Bath and Plummers Furniture. Other businesses
include IHOP, Red Robin, McDonald's, Wendy's, Subway, Panda Express and Clark's Nutrition.
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
Like the rest of the nation, Rancho Mirage has been affected by the slumping economy In spite of this
unprecedented downturn, construction in Rancho Mirage in year 2009 amounted to over $54 million in building
permit valuations. Currently several residential developments are under construction. In addition, single family
residential projects, retail developments, medical facilities and office developments are in various stages of
construction and the planning process.
Commercial Development Activities
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The City of Rancho Mirage's excellent financial condition, even in this very turbulent time, 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 year 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
Monterey Marketplace is located at the corner of Dinah Shore Drive and Monterey Avenue (just off I -10). This
50 -acre shopping center is approaching full occupancy Monterey Marketplace is already home to many
stores and restaurants such as Home Depot, Plummers Furniture. IHOP, Pacific Sales Kitchen & Bath
Center, McDonald's, Wendy's, Panda Express and Red Robin.
Five Peaks, a high -end retail project proposed on 13.5 acres across from the Rancho Mirage Library The
developer is also pursuing a hotel use on a portion of the site.
The City's presence in the medical health care industry will continue to grow with the completion of projects
such as the Rancho Mirage Rehabilitation Center, Eisenhower Medical Center Hal B. Wallace Building
expansion, Annenberg Patient Pavilion and Betty Ford Center's 6,478 square foot addition.
Assessed Valuation
The development of luxurious country clubs with golf courses, residential communities, resort hotels and
upscale commercial projects help increase the assessed valuation of real estate in the City of Rancho Mirage.
Assess valuation totaled nearly $7.9 billion as of July 1, 2010. Rancho Mirage's assessed valuation per capita of
$462,189 was second in the Coachella Valley While assessed valuations decreased in the past year, the various
planned projects will certainly have a positive effect on assessed values in future years.
Tourism
Tourism is the lifeblood of the Coachella Valley With over 3.5 million people visiting the Desert annually,
tourism helps drive the hotel and lodging industry in the Coachella Valley With four world - class, award -
winning destination resort hotels and two mid- priced, limited- service suite hotels, Rancho Mirage has been a
major contributor in the growth of the hotel and lodging business in the Coachella Valley
Rancho 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 benefit 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 degree 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'll want to return
again and again."
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Summary of Significant Accounting Policies
SUMMARY OF SIGNIFICANT ACCOUNTING, FISCAL,
OPERATIONAL AND BUDGETARY 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:
• Fund Accounting
The basic accounting and reporting entity is a "fund" A fund is defined as an independent fiscal and
accounting entity with a self - 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 Proiects Funds
The Capital Projects Funds account for financial resources to reflect major capital improvement projects not
financed by other funds.
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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.
• 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 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.
• Compensation Absences
In accordance with Governmental Accounting Standards Board (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.
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• 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.
• Accounting for Self- Insurance Activities
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 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.
Summary of Significant Fiscal Policies
• 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:
• Demand deposits with financial institutions
• State Treasurer's Local Agency Investment Fund (LAIF)
• Government Agency Issues
• Negotiable Certificates of Deposit
• Certificates of Deposit
Maximum
Investment Limitations
None
State Limitations
None
No more than 30% of City's
portfolio
$99,000 in any single financial
Institution and must be
collateralized
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 may be 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. No more than
15% of the City's portfolio, excluding investments in government agency securities and LAIF shall be
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placed with any single financial institution. A maximum of 35% of the portfolio may be invested for more
than five years but not to exceed ten years.
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
105% and 150 %, respectively, of the total amount deposited by the public agencies.
• 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 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
may be 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 (Ca1PERS),
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 may be obtained from their executive office: 400 P Street, Sacramento, California
95814.
Participants are required to contribute 8% of their annual covered salary The City makes 7% of the 8%
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, 2010 was 16.774% for miscellaneous employees. Benefit provisions and all
other requirements are established by state statute and City contract with employee bargaining groups.
• 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.
• Participation in a Risk Pool
The City is a member of the Public Entity Risk Management Authority (PERMA), a joint powers authority
formed under Section 990 of the California Government Code for the purpose of jointly funding programs
of insurance coverage for its members. The City participates in the liability, workers' compensation,
property and business auto physical damage insurance programs of PERMA.
The liability program provides coverage up to $50.000,000 per occurrence for personal injury, bodily injury,
property damage and public officials' errors and omissions. The City has selected a self- insured retention of
$125,000 and participates in risk sharing pools for losses up to $1 million followed by PERMA's
membership in the California Joint Powers Risk Management Authority (CJPRMA) for $49 million excess
liability coverage.
The workers' compensation program provides $150 million per accident for workers' compensation and $5
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million each accident for employers' liability The City self - insures up to a level of $125,000 per accident
or employee and participates in a risk sharing pool for losses up to $500,000 followed by PERMA's
membership in the Local Agency Workers' Compensation Excess Joint Powers Authority (LAWCX) for
excess coverage to the limits.
The property insurance program is group purchased under a master property insurance policy with
accumulated values from all participants effecting lower rates and broader coverage for members. The
program covers real property, business personal property, inland marine coverage for special mobile
equipment and business interruption. Commercial property coverage is written on a replacement cost basis
and all risk, eliminating the traditional commercial "named peril" policy
The business auto physical damage insurance program is also group purchased under a master insurance
policy with accumulated values from all participants effecting lower rates for members. Business auto
physical damage coverage is written on an agreed amount basis. In addition to coverage provided by
PERMA, the City also separately purchases coverage for earthquake, public employee dishonesty and public
officials and employment liability
• Prudent Reserve
The amount of prudent reserve designated each year is based on the subsequent fiscal year's operating
budget rounded up to the nearest million. The City's designation for prudent reserve at June 30, 2009 prior
to adjusting for the FY 2010 -11 approved operating budget was $30 million. In addition, the City has
designations for disaster recovery ($25 million), and public facilities renovation, upgrade and acquisitions
($10 million).
• Pronosition 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 majority 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.
• 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 Sienificant Fiscal 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
Manager 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.
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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 joint meetings with
commissions and boards.
Summary of Significant Budgetary Policies
The City is required by State law to adopt an annual budget for the General Fund. The City develops and
maintains a line -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 objectives 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 expenditures are reappropriated as part of the following year's budget.
Unfinished capital improvement projects are the most significant example of a reappropriated expenditure.
Before the beginning of the fiscal year the City Manager submits to the City Council a proposed balanced
budget (expenditures do not exceed projected available funds) 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
470
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 2010 -11 are identified in the narrative
sections of the budget document for each fund/division. The accomplishments of the prior years' (FY 2009 -10)
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 a long -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
471
472
SUMMARY OF LEGAL DEBT MARGIN
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 $7,876,311,090 for Fiscal Year 2010-11, the legal
debt margin of 15% of this amount is $1,181,446,663.
Source: County of Riverside
473
474
Both the City and the Redevelopment Agency have outstanding bonded indebtedness with the following
outstanding principal balances and scheduled debt service:
Citv of Rancho Mirage
2005A Lease Revenue Bonds
Public Facilities Project $ 5,145,000 $ 392,914
Rancho Mirage Redevelopment Agency
2001A -1 Tax Allocation Subordinate Bonds
Whitewater Project Area 1,615,000 172,711
2001A -E Tax Allocation Subordinate Bonds
Whitewater Project Area 3,595,000 382,754
2001A -1 Tax Allocation Bonds
Northside Project Area 12,715,000 1,129,238
2001A -E Tax Allocation Bonds
Northside Project 12,795,000 965,919
2001B -1 Tax Allocation Subordinate Bonds
Northside Project Area 2,905,000 225,740
2001B -E Tax Allocation Subordinate Bonds
Northside Project Area 1,070,000 85,235
2002A Tax Allocation Subordinate Bonds 4,710,000 662,296
Whitewater Project Area
2003A -1 Tax Allocation Subordinate Bonds
Whitewater Project Area
2003A -E Tax Allocation Subordinate Bonds
Whitewater Project Area
2003A -T Tax Allocation Subordinate Bonds
(Taxable) Whitewater Project Area
DEBT SERVICE SUMMARY
June 30, 2010 FY 2010 -11
Outstanding Debt
Principal Service
1,426,147 0
4,255,000 411,381
1,095,000 82,599
475
2003A Tax Allocation Housing Bonds 29,180,000 2,513,906
2003A -1 Tax Allocation Bonds
Northside Project Area 1,949,315 0
2003A -E Tax Allocation Bonds
Northside Project Area 16,325,000 1,143.219
2003A -T Tax Allocation Bonds (Taxable)
Northside Project Area 4,065,000 327,012
2003B Tax Allocation Subordinate Bonds
Northside Project Area 1,825,000 131,550
2006A Tax Allocation Refunding Bonds
Whitewater Project Area 21,455,000 1,980,863
2006A Tax Allocation Refunding Bonds
Northside Project Area 22,700,000 1,453,556
2008A Tax Allocation Refunding Bonds
Northside Project Area 20,805,000 1,487,944
Total $ 169.630.462 % 13.54R_R37
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 discussed.
Lease Revenue Bonds (Public Facilities Proiect) - In April 2005, the City issued $5,925,000 in Lease Revenue
Bonds to refinance the outstanding 1991 Library Lease Refunding Revenue Bonds and to finance the
construction of the City Corporation Yard Expansion Project.
2001A -1 Subordinate Tax Allocation and 2001A -E Subordinate Tax Allocation Bonds - In July 2001, the
Redevelopment Agency's Whitewater Project Area issued $2,340,000 of Subordinate Tax Allocation Bonds,
Series 2001A -1 and $4,680,000 of Subordinate Tax Allocation Bonds, Series 2001A -E. These bonds were
issued for the purpose of fmancing certain improvements in the Whitewater Redevelopment Project Area of the
Agency Future debt service will be paid from the Whitewater Project Area's tax increment revenue.
2001A -1 Tax Allocation. 2001A -E Tax Allocation Bonds. 2001B -1 Subordinate Tax Allocation Bonds and
2001B -E Subordinate Tax Allocation Bonds - In July 2001, the Redevelopment Agency's Northside Project
Area issued $16,860,000 of Tax Allocation Bonds, Series 2001A -1, $14,425,000 of Tax Allocation Bonds,
Series 2001A -E, $3,440,000 of Subordinate Tax Allocation Bonds, Series 2001B -1 and $1,195,000 of
Subordinate Tax Allocation Bonds, Series 2001B -E. The 2001A bonds were issued for the purpose of financing
certain improvements in the Northside Project Area. The 2001B bonds were issued for the purpose advance
refunding $3,010,000 of the outstanding 1991A Civic Center Revenue Bonds and financing certain
improvements in the Northside Project Area. Future debt service will be paid from the Northside Project Area's
tax increment revenue.
476
2002A Subordinate Tax Allocation Bonds - In January 202, the Redevelopment Agency's Whitewater Project
Area issued $7,895,000 of Subordinate Tax Allocation Bonds, Series 2002A. These bonds were issued for the
purpose of financing certain improvements in the Whitewater Redevelopment Project Area of the Agency
Future debt service will be paid from the Whitewater Project Area's tax increment revenue.
2003A -1 Subordinate Lien Tax Allocation Bonds. 2003A -E Subordinate Lien Tax Allocation Bonds, and
2003A -T Subordinate Lien Tax Allocation Bonds (Taxable) - In November 2003, the Redevelopment Agency of
the City of Rancho Mirage issued $1,074,378 of Subordinate Lien Tax Allocation Bonds, Series 2003A -1,
$5,140,000 of Subordinate Lien Tax Allocation Bonds, Series 2003A -E, and $1,180,000 of Subordinate Lien
Tax Allocation Bonds, Series 2003A -T The bonds were issued by the Agency for the purpose of financing
certain improvements in the Whitewater Redevelopment Project Area, (or, in the case of the Series 2003A -E
Bonds, funding an escrow for future improvements in the project area), funding a reserve account for the bonds,
and paying the costs of issuing the bonds. Future debt service will be paid from the Whitewater Project Area's
tax increment revenue.
2003A Tax Allocation Housing Bonds - In November 2003, the Redevelopment Agency of the City of Rancho
Mirage issued $34,565,000 of Tax Allocation Housing Bonds, Series 2003A. The bonds were issued by the
Agency for the purpose of financing certain improvements to the supply of low and moderate income housing
in, or otherwise benefiting, the Whitewater Redevelopment Project and the Redevelopment Plan -1984 Project,
purchasing a debt service reserve fund surety bond for the Bonds, and paying the costs of issuing the bonds.
Future debt service will be paid from the 20% of annual Redevelopment Agency tax increment revenue required
to be used for low and moderate income housing purposes.
2003A -1 Tax Allocation Bonds. 2003A -T Tax Allocation Bonds. 2003A -E Tax Allocation Bonds. 2003B
Subordinate Lien Tax Allocation Bonds - In November 2003, the Redevelopment Agency of the City of Rancho
Mirage issued $1,456,027 of Tax Allocation Bonds, Series 2003A -1, $4,540,000 of Tax Allocation Bonds,
Series 2003A -T, $17,845,000 of Tax Allocation Bonds, Series 2003A -E, and $1,960,000 of Subordinate Lien
Tax Allocation Bonds, Series 2003B. The Series 2003A Bonds were issued by the Agency for the purpose of
financing certain improvements in the Redevelopment Plan- 1984 Project (the "Project Area ") (or, in the case of
the Series 2003A -E Bonds, funding an escrow for future improvements in the project area), and paying the costs
of issuing the Series 2003A Bonds. The Series 2003B Bonds were issued by the Agency for the purpose of
funding an escrow for future improvements in the project area, funding a reserve account for the Series 2003B
Bonds upon release of funds from escrow, and paying the costs of issuing the Series 2003B Bonds Future debt
service will be paid from the Northside Project Area's tax increment revenue.
2006A Tax Allocation Refunding Bonds - In April 2006, the Redevelopment Agency of the City of Rancho
Mirage issued $24,910,000 Tax Allocation Refunding Bonds, Series 2006A (Whitewater Sub - Area). Proceeds
of the Bonds were used to pay the costs of issuing the Bonds, to purchase a debt service reserve fund surety
bond for the Bonds and to refund the Agency's Whitewater Redevelopment Project, Tax Allocation Refunding
Bonds, Series 1994A, originally issued in the principal amount of $23,090,000, the Agency's Whitewater
Redevelopment Project Tax Allocation Parity Bonds, 1997A, originally issued in the principal amount of
$4,850,000, and the Agency's Whitewater Redevelopment Project Subordinate Tax Allocation Bonds, Series
1997B, originally issued in the principal amount of $3,575,000. Future debt service will be paid from the
477
Whitewater Project Area's tax increment revenue.
2006A Tax Allocation Refunding Bonds - In April 2006 the Redevelopment Agency of the City of Rancho
Mirage issued $24,210,000 Tax Allocation Refunding Bonds, Series 2006A (Northside Sub - Area). The
proceeds of the Bonds were used to pay the costs of issuing the Bonds, to purchase a debt service reserve fund
surety bond for the Bonds and to refund the Agency's Redevelopment Plan-1984 Project, Tax Allocation
Refunding Bonds, Series 1994A, originally issued in the principal amount of $16,930,000 and the Agency's
Redevelopment Plan-1984 Project, Tax Allocation Bond Series, 1999A, originally issued in the principal
amount of $8,680,000. Future debt service will be paid from the Northside Project Area's tax increment
revenue.
2008A Subordinate Lien Tax Allocation Bonds - In July 2008 the Redevelopment Agency of the City of Rancho
Mirage issued $22,040,000 Subordinate Lien Tax Allocation Bonds, Series 2008A (Northside Sub - Area). The
bonds were issued by the Agency for the purpose of financing certain improvements in the Northside Sub -Area
of the Merged Redevelopment Project Area, to fund a reserve account for the Bonds and paying the costs of
issuing the Bonds. Future debt service will be paid from the Northside Project Area's tax increment revenue.
On the following pages are the debt service schedules for the bond issues previously discussed in this section.
478
CITY OF RANCHO MIRAGE
2005A LEASE REVENUE BONDS (Public Facilities Project)
DEBT SERVICE SCHEDULE
YEAR ENDED PRINCIPAL INTEREST INTEREST TOTAL TOTAL 0/8
JUNE 30 (APRIL 1) (APRIL 1) (OCTOBER 1) INTEREST DEBT SERVICE PRINCIPAL
2011 175,000 108,957 108,957 217,914 392,914 4,970,000
2012 180,000 106,004 106,004 212,008 392,008 4,790,000
2013 185,000 102,741 102,741 205,483 390,483 4,605,000
2014 190,000 99,388 99,388 198,776 388,776 4,415,000
2015 200,000 95,944 95,944 191,889 391,889 4,215,000
2016 205,000 91,944 91,944 183,889 388,889 4,010,000
2017 215,000 87,716 87,716 175,433 390,433 3,795,000
2018 225,000 83,282 83,282 166,564 391,564 3,570,000
2019 235,000 78,641 78,641 157,283 392,283 3,335,000
2020 245,000 73,648 73,648 147,295 392,295 3,090,000
2021 255,000 68,441 68,441 136,883 391,883 2,835,000
2022 265,000 63,023 63,023 126,045 391,045 2,570,000
2023 275,000 57 325 57,325 114,650 389,650 2,295,000
2024 285,000 51,309 51,309 102,619 387,619 2,010,000
2025 300,000 45,075 45,075 90,150 390,150 1,710,000
2026 315,000 38,475 38,475 76,950 391,950 1,395,000
2027 325,000 31,388 31,388 62,775 387,775 1,070,000
2028 340,000 24,075 24,075 48,150 388,150 730,000
2029 355,000 16,425 16,425 32,850 387,850 375,000
2030 375,000 8,438 8,438 16,875 391,875 0
RANCHO MIRAGE REDEVELOPMENT AGENCY
2001A -1 WHITEWATER SUBORDINATE 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
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 60,338 170,338 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 36,750 171,750 600,000
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
479
RANCHO MIRAGE REDEVELOPMENT AGENCY
2001A -E WHITEWATER SUBORDINATE TAX ALLOCATION BONDS
DEBT SERVICE SCHEDULE
YEAR ENDED PRINCIPAL INTEREST INTEREST TOTAL TOTAL O/S
JUNE 30 (APRIL 1) (APRIL 1) (OCTOBER 1) INTEREST DEBT SERVICE PRINCIPAL
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 36,388 381,388 365,000
2023 365,000 9,353 9,353 18,706 383,706 0
RANCHO MIRAGE REDEVELOPMENT AGENCY
2001A -1 NORTHSIDE 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
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 11,670,000
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 385,000 206,750 206,750 413,500 798,500 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 73,250 788,250 750,000
2033 750,000 18,750 18,750 37,500 787,500 0
480
RANCHO MIRAGE REDEVELOPMENT AGENCY
2001A -E NORTHSIDE TAX ALLOCATION BONDS
DEBT SERVICE SCHEDULE
YEAR ENDED PRINCIPAL INTEREST INTEREST TOTAL TOTAL O/S
JUNE 30 (APRIL 1) (APRIL 1) (OCTOBER 1) INTEREST DEBT SERVICE PRINCIPAL
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 500,000 234,494 234,494 468,988 968,988 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 710,000 127,706 127,706 255 413 965,413 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
RANCHO MIRAGE REDEVELOPMENT AGENCY
2001B-1 NORTHSIDE SUBORDINATE TAX ALLOCATION BONDS
DEBT SERVICE SCHEDULE
YEAR ENDED PRINCIPAL INTEREST INTEREST TOTAL TOTAL O/S
JUNE 30 (APRIL 1) (APRIL 1) (OCTOBER 1) INTEREST DEBT SERVICE PRINCIPAL
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 2,695,000
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
2018 95,000 66,025 66,025 132,050 227,050 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 125,000 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 45,000 230,000 615,000
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
481
RANCHO MIRAGE REDEVELOPMENT AGENCY
20018 -E NORTHSIDE SUBORDINATE TAX ALLOCATION BONDS
DEBT SERVICE SCHEDULE
YEAR ENDED PRINCIPAL INTEREST INTEREST TOTAL TOTAL WS
JUNE 30 (APRIL 1) (APRIL 1) (OCTOBER 1) INTEREST DEBT SERVICE PRINCIPAL
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
RANCHO MIRAGE REDEVELOPMENT AGENCY
2002A WHITEWATER SUBORDINATE TAX ALLOCATION BONDS
DEBT SERVICE SCHEDULE
YEAR ENDED PRINCIPAL INTEREST INTEREST TOTAL TOTAL 0/8
JUNE 30 (APRIL 1) (APRIL 1) (OCTOBER 1) INTEREST DEBT SERVICE PRINCIPAL
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 2,825,000
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 28,773 57,545 647,545 615,000
2019 615,000 14,760 14,760 29,520 644,520 0
482
RANCHO MIRAGE REDEVELOPMENT AGENCY
2003A -1 WHITEWATER SUBORDINATE TAX ALLOCATION BONDS
DEBT SERVICE SCHEDULE
Accreted Value
2011
2012
2013
2014
2015 -
2016 -
2017
2018 -
2019
2020 -
2021
2022
2023 -
2024
2025 3.340.000
Total accreted value 3 340.000
Less future accretion (1,913,853)
1,426,147
RANCHO MIRAGE REDEVELOPMENT AGENCY
2003A -E WHITEWATER SUBORDINATE TAX ALLOCATION BONDS
DEBT SERVICE SCHEDULE
YEAR ENDED PRINCIPAL INTEREST INTEREST TOTAL TOTAL 0/8
JUNE 30 (APRIL 1) (APRIL 1) (OCTOBER 1) INTEREST DEBT SERVICE PRINCIPAL
2011 230,000 90,691 90,691 181,381 411,381 4,025,000
2012 245,000 86,953 86,953 173,906 418,906 3,780,000
2013 250,000 82,513 82,513 165,025 415,025 3,530,000
2014 260,000 77,825 77,825 155,650 415,650 3,270,000
2015 270,000 72,788 72,788 145,575 415,575 3,000,000
2016 280,000 67,388 67,388 134,775 414,775 2,720,000
2017 290,000 61,613 61,613 123,225 413 225 2 430 000
2018 300,000 55,631 55,631 111,263 411,263 2,130,000
2019 315,000 49,256 49,256 98,513 413,513 1,815,000
2020 335,000 41,972 41,972 83,944 418,944 1,480,000
2021 345,000 34,225 34225 68,450 413,450 1,135,000
2022 360,000 26,247 26,247 52,494 412,494 775,000
2023 380,000 17,922 17 922 35,844 415,844 395,000
2024 395,000 9,134 9,134 18,269 413,269 0
483
RANCHO MIRAGE REDEVELOPMENT AGENCY
2003A -T WHITEWATER SUBORDINATE TAX ALLOCATION BONDS
DEBT SERVICE SCHEDULE
YEAR ENDED PRINCIPAL INTEREST INTEREST TOTAL TOTAL O/S
JUNE 30 (APRIL 1) (APRIL 1) (OCTOBER 1) INTEREST DEBT SERVICE PRINCIPAL
2011 20,000 31,300 31,300 62,599 82,599 1,075,000
2012 15,000 30,810 30,810 61,619 76,619 1,060,000
2013 20,000 30,442 30,442 60,884 80,884 1,040,000
2014 15,000 29,952 29,952 59,904 74,904 1,025,000
2015 20,000 29,520 29,520 59,040 79,040 1,005,000
2016 20,000 28,944 28,944 57,888 77,888 985,000
2017 20,000 28,368 28,368 56,736 76,736 965,000
2018 25,000 27,792 27,792 55,584 80,584 940,000
2019 30,000 27,072 27,072 54,144 84,144 910,000
2020 55,000 26,208 26,208 52,416 107,416 855,000
2021 70,000 24,624 24,624 49,248 119,248 785,000
2022 75,000 22,608 22,608 45,216 120,216 710,000
2023 75,000 20,448 20,448 40,896 115,896 635,000
2024 635,000 18,288 18,288 36,576 671,576 0
RANCHO MIRAGE REDEVELOPMENT AGENCY
2003A TAX ALLOCATION HOUSING 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
2011 1,170,000 671,953 671,953 1,343,906 2,513,906 28,010,000
2012 1,210,000 651,478 651,478 1,302,956 2,512,956 26,800,000
2013 1,255,000 630,303 630,303 1,260,606 2,515,606 25,545,000
2014 1,300,000 606,772 606,772 1,213,544 2,513,544 24,245,000
2015 1,350,000 582,397 582,397 1,164,794 2,514,794 22,895,000
2016 1,400,000 556,241 556,241 1,112,481 2,512,481 21,495,000
2017 1,455,000 528,241 528,241 1,056,481 2,511,481 20,040,000
2018 1,515,000 498,231 498,231 996,463 2,511,463 18,525,000
2019 1,595,000 458,463 458,463 916,925 2,511,925 16,930,000
2020 1,680,000 416,594 416,594 833,188 2,513,188 15,250,000
2021 1,770,000 372,494 372,494 744,988 2,514,988 13,480,000
2022 1,860,000 326,031 326,031 652,063 2,512,063 11,620,000
2023 1,950,000 283,019 283,019 566,038 2,516,038 9,670,000
2024 2,040,000 237 925 237,925 475,850 2,515,850 7,630,000
2025 690,000 190,750 190,750 381,500 1,071,500 6,940,000
2026 725,000 173,500 173,500 347,000 1,072,000 6,215,000
2027 765,000 155,375 155,375 310,750 1,075,750 5,450,000
2028 800,000 136,250 136,250 272,500 1,072,500 4,650,000
2029 840,000 116,250 116,250 232,500 1,072,500 3,810,000
2030 885,000 95,250 95,250 190,500 1,075,500 2,925,000
2031 925,000 73,125 73,125 146,250 1,071,250 2,000,000
2032 975,000 50,000 50,000 100,000 1,075,000 1,025,000
2033 1,025,000 25,625 25,625 51,250 1,076,250 0
484
RANCHO MIRAGE REDEVELOPMENT AGENCY
2003A -1 NORTHSIDE TAX ALLOCATION BONDS
DEBT SERVICE SCHEDULE
Accreted Value
2011 -
2012 -
2013
2014
2015 -
2016 -
2017 -
2018 -
2019
2020
2021
2022
2023
2024
2025 -
2026 -
2027
2028
2029 -
2030
2031 -
2032 -
2033
2034 3,940,000
2035 3,940.000
Total accreted value 7,880.000
Less future accretion (5,930,685)
1,949,315
RANCHO MIRAGE REDEVELOPMENT AGENCY
2003A -E NORTHSIDE 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
2011 405,000 369,109 369,109 738,219 1,143,219 15,920,000
2012 420,000 362,528 362,528 725,056 1,145,056 15,500,000
2013 435,000 355,178 355,178 710,356 1,145,356 15,065,000
2014 450,000 347,022 347 022 694,044 1,144,044 14,615,000
2015 465,000 338,303 338,303 676,606 1,141,606 14,150,000
2016 490,000 329,003 329,003 658,006 1,148,006 13,660,000
2017 510,000 319,203 319,203 638,406 1,148,406 13,150,000
2018 530,000 308,684 308,684 617,369 1,147,369 12,620,000
2019 550,000 297,422 297,422 594,844 1,144,844 12,070,000
2020 570,000 284,703 284,703 569,406 1,139,406 11,500,000
2021 600,000 271,522 271,522 543,044 1,143,044 10,900,000
2022 625,000 257,647 257,647 515,294 1,140,294 10,275,000
2023 655,000 243,194 243,194 486,388 1,141,388 9,620,000
2024 685,000 228,047 228,047 456,094 1,141,094 8,935,000
2025 715,000 212,206 212,206 424,413 1,139,413 8,220,000
2026 755,000 195,225 195,225 390,450 1,145,450 7,465,000
2027 790,000 177,294 177,294 354,588 1,144,588 6,675,000
2028 830,000 158,531 158,531 317,063 1,147,063 5,845,000
2029 865,000 138,819 138,819 277,638 1,142,638 4,980,000
2030 905,000 118,275 118,275 236,550 1,141,550 4,075,000
2031 950,000 96,781 96,781 193,563 1,143,563 3,125,000
2032 995,000 74,219 74,219 148,438 1,143,438 2,130,000
2033 1,040,000 50,588 50,588 101,175 1,141,175 1,090,000
2034 1,090,000 25,888 25,888 51,775 1,141,775 0
485
RANCHO MIRAGE REDEVELOPMENT AGENCY
2003A -T NORTHSIDE TAX ALLOCATION BONDS
DEBT SERVICE SCHEDULE
YEAR ENDED PRINCIPAL INTEREST INTEREST TOTAL TOTAL 0/3
JUNE 30 (APRIL 1) (APRIL 1) (OCTOBER 1) INTEREST DEBT SERVICE PRINCIPAL
2011 95,000 116,006 116,006 232,012 327,012 3,970,000
2012 95,000 113,655 113,655 227,309 322,309 3,875,000
2013 100,000 111,303 111,303 222,607 322,607 3,775,000
2014 105,000 108,783 108,783 217,566 322,566 3,670,000
2015 115,000 105,967 105,967 211,934 326,934 3,555,000
2016 115,000 102,833 102,833 205,667 320,667 3,440,000
2017 125,000 99,700 99,700 199,399 324,399 3,315,000
2018 125,000 96,293 96,293 192,587 317,587 3,190,000
2019 140,000 92,887 92,887 185,774 325,774 3,050,000
2020 145,000 88,855 88,855 177,710 322,710 2,905,000
2021 155,000 84,679 84,679 169,358 324,358 2,750,000
2022 165,000 80,215 80,215 160,430 325,430 2,585,000
2023 180,000 75,463 75,463 150,926 330,926 2,405,000
2024 180,000 70,279 70,279 140,558 320,558 2,225,000
2025 195,000 65,095 65,095 130,190 325 190 2,030,000
2026 210,000 59,479 59,479 118,958 328,958 1,820,000
2027 220,000 53,326 53,326 106,652 326,652 1,600,000
2028 230,000 46,880 46,880 93,760 323 760 1,370,000
2029 245,000 40,141 40,141 80,282 325,282 1,125,000
2030 265,000 32,963 32,963 65,925 330,925 860,000
2031 265,000 25,198 25,198 50,396 315,396 595,000
2032 290,000 17,434 17,434 34,867 324,867 305,000
2033 305,000 8,937 8,937 17,873 322,873 0
RANCHO MIRAGE REDEVELOPMENT AGENCY
2003B NORTHSIDE SUBORDINATE 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
2011 35,000 48,275 48,275 96,550 131,550 1,790,000
2012 35,000 47,553 47,553 95,106 130,106 1,755,000
2013 35,000 46,809 46,809 93,619 128,619 1,720,000
2014 40,000 46,022 46,022 92,044 132,044 1,680,000
2015 45,000 45,097 45,097 90,194 135,194 1,635,000
2016 40,000 44,028 44 028 88,056 128,056 1,595,000
2017 40,000 43,053 43,053 86,106 126,106 1,555,000
2018 45,000 42,078 42,078 84,156 129,156 1,510,000
2019 50,000 40,953 40,953 81,906 131,906 1,460,000
2020 55,000 39,641 39,641 79,281 134,281 1,405,000
2021 60,000 38,197 38,197 76,394 136,394 1,345,000
2022 55,000 36,622 36,622 73,244 128,244 1,290,000
2023 60,000 35,178 35,178 70,356 130,356 1,230,000
2024 65,000 33,603 33,603 67,206 132,206 1,165,000
2025 70,000 31,856 31,856 63,713 133,713 1,095,000
2026 70,000 29,975 29,975 59,950 129,950 1,025,000
2027 75,000 28,094 28,094 56,188 131,188 950,000
2028 75,000 26,078 26,078 52,156 127,156 875,000
2029 80,000 24,063 24,063 48,125 128,125 795,000
2030 80,000 21,863 21,863 43,725 123,725 715,000
2031 95,000 19,663 19,663 39,325 134,325 620,000
2032 95,000 17,050 17,050 34,100 129,100 525,000
2033 105,000 14,438 14,438 28,875 133,875 420,000
2034 420,000 11,550 11,550 23,100 443,100 0
486
RANCHO MIRAGE REDEVELOPMENT AGENCY
2006A WHITEWATER TAX ALLOCATION REFUNDING BONDS
DEBT SERVICE SCHEDULE
YEAR ENDED PRINCIPAL INTEREST INTEREST TOTAL TOTAL O/S
JUNE 30 (APRIL 1) (APRIL 1) (OCTOBER 1) INTEREST DEBT SERVICE PRINCIPAL
2011 920,000 530,431 530,431 1,060,863 1,980,863 20,535,000
2012 960,000 512,031 512,031 1,024,063 1,984,063 19,575,000
2013 1,015,000 488,031 488,031 976,063 1,991,063 18,560,000
2014 1,075,000 462,656 462,656 925,313 2,000,313 17,485,000
2015 1,125,000 437,125 437,125 874,250 1,999,250 16,360,000
2016 1,180,000 409,000 409,000 818,000 1,998,000 15,180,000
2017 1,235,000 379,500 379,500 759,000 1,994,000 13,945,000
2018 1,295,000 348,625 348,625 697,250 1,992,250 12,650,000
2019 1,365,000 316,250 316,250 632,500 1,997,500 11,285,000
2020 2,045,000 282,125 282,125 564 250 2,609,250 9,240,000
2021 2,145,000 231,000 231,000 462,000 2,607,000 7,095,000
2022 2,250,000 177,375 177,375 354,750 2,604,750 4,845,000
2023 2,365,000 121,125 121,125 242,250 2,607,250 2,480,000
2024 2,480,000 62,000 62,000 124,000 2,604,000 0
RANCHO MIRAGE REDEVELOPMENT AGENCY
2006A NORTHSIDE TAX ALLOCATION REFUNDING BONDS
DEBT SERVICE SCHEDULE
YEAR ENDED PRINCIPAL INTEREST INTEREST TOTAL TOTAL O/S
JUNE 30 (APRIL 1) (APRIL 1) (OCTOBER 1) INTEREST DEBT SERVICE PRINCIPAL
2011 385,000 534,278 534,278 1,068,556 1,453,556 22,315,000
2012 395,000 527,300 527,300 1,054,600 1,449,600 21,920,000
2013 410,000 519,400 519,400 1,038,800 1,448,800 21,510,000
2014 435,000 511,200 511,200 1,022,400 1,457,400 21,075,000
2015 450,000 500,869 500,869 1,001,738 1,451,738 20,625,000
2016 465,000 490,744 490,744 981,488 1,446,488 20,160,000
2017 495,000 479,119 479,119 958,238 1,453,238 19,665,000
2018 855,000 467,363 467,363 934,725 1,789,725 18,810,000
2019 890,000 445,988 445,988 891,975 1,781,975 17,920,000
2020 940,000 426,519 426,519 853,038 1,793,038 16,980,000
2021 970,000 405,956 405,956 811,913 1,781,913 16,010,000
2022 1,020,000 384,131 384,131 768,263 1,788,263 14,990,000
2023 1,065,000 359,906 359,906 719,813 1,784,813 13,925,000
2024 1,115,000 334,613 334,613 669,225 1,784,225 12,810,000
2025 1,170,000 308,131 308,131 616,263 1,786,263 11,640,000
2026 1,215,000 281,806 281,806 563,613 1,778,613 10,425,000
2027 1,275,000 254,469 254,469 508,938 1,783,938 9,150,000
2028 1,335,000 222 594 222,594 445,188 1,780,188 7,815,000
2029 1,400,000 189,219 189,219 378,438 1,778,438 6,415,000
2030 1,490,000 154,219 154,219 308,438 1,798,438 4,925,000
2031 1,570,000 116,969 116,969 233,938 1,803,938 3,355,000
2032 1,640,000 79,681 79,681 159,363 1,799,363 1,715,000
2033 1,715,000 40,731 40,731 81,463 1,796,463 0
487
RANCHO MIRAGE REDEVELOPMENT AGENCY
2008A NORTHSIDE SUBORDINATE LIEN 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
2011 470,000 507,072 507,072 1,014,144 1,484,144 20,335,000
2012 490,000 497,672 497,672 995,344 1,485,344 19,845,000
2013 510,000 487,872 487,872 975,744 1,485,744 19,335,000
2014 525,000 477,672 477,672 955,344 1,480,344 18,810,000
2015 545,000 467,172 467,172 934,344 1,479,344 18,265,000
2016 580,000 456,272 456,272 912,544 1,492,544 17,685,000
2017 595,000 444,309 444,309 888,619 1,483,619 17,090,000
2018 620,000 431,666 431,666 863,331 1,483,331 16,470,000
2019 650,000 417,716 417,716 835,431 1,485,431 15,820,000
2020 675,000 403,091 403,091 806,181 1,481,181 15,145,000
2021 705,000 387,903 387,903 775,806 1,480,806 14,440,000
2022 740,000 371,159 371,159 742,319 1,482,319 13,700,000
2023 775,000 353,584 353,584 707,169 1,482,169 12,925,000
2024 815,000 334,209 334,209 668,419 1,483,419 12,110,000
2025 850,000 313,834 313,834 627,669 1,477,669 11,260,000
2026 900,000 292,584 292,584 585,169 1,485,169 10,360,000
2027 945,000 270,084 270,084 540,169 1,485,169 9,415,000
2028 995,000 245,869 245,869 491,738 1,486,738 8,420,000
2029 1,045,000 220,372 220,372 440,744 1,485,744 7,375,000
2030 1,100,000 193,594 193,594 387,188 1,487,188 6,275,000
2031 1,150,000 164,719 164,719 329,438 1,479,438 5,125,000
2032 1215,000 134,531 134,531 269,063 1,484,063 3,910,000
2033 1,280,000 102,638 102,638 205,275 1,485,275 2,630,000
2034 1,280,000 69,038 69,038 138,075 1,418,075 1,350,000
2035 1,350,000 35,438 35,438 70,875 1,420,875 0
488
CITY OF RANCHO MIRAGE
MONTHLY SALARY SCHEDULE
(Effective July 01, 2010)
TITLE/RANGE A B C D E F G H 1 J
20 2714.37 2850.09 2992.59 3142 22 3299.33 3398.31 3500.26 3605.27 3713.43 3824.83
21 2850.09 2992.59 3142 22 3299.33 3464.30 1 3568.23 3675 28 3785.54 3899.11 4016.08
22 2992.59 3142 22 3299.33 3464.30 3637.52 Ire 3746.65 3859.05 3974.82 4094.06 4216.88
t'
23 3142.22 3299.33 3464.30 3637.52 3819.40 `'': 3933.98 4052.00 4173.56 4298.77 4427.73
24 3299.33 3464.30 3637.52 3819.40 4010.37 - I 4130.68 4254.60 4382.24 4513.71 4649.12
25 3464.30 3637.52 3819.40 4010.37 4210.89 y 4337.22 4467.34 4601.36 4739.40 4881.58
26 3637.52 3819.40 4010.37 4210.89 4421.43 ;3 4554.07 4690.69 4831 41 4976.35 5125.64
27 3819.40 4010.37 4210.89 4421.43 4642.50 j 4781.78 4925.23 5072.99 5225.18 5381.94
28 4010.37 4210.89 4421.43 4642.50 4874.63 � - 5020.87 5171.50 5326.65 5486.45 5651.04
29 4210.89 4421.43 4642.50 4874.63 5118.36 _ 5271.91 5430.07 5592.97 5760.76 5933.58
30 4421 43 4642.50 4874.63 5118.36 5374.28 "' 5535.51 5701.58 5872.63 6048.81 6230.27
31 4642.50 4874.63 5118.36 5374.28 5642.99 '- 5812 28 5986.65 6166.25 6351.24 6541.78
32 4874.63 5118.36 5374.28 5642.99 5925.14 € 1 6102.89 6285.98 6474.56 6668.80 6868.86
33 5118.36 5374.28 5642.99 5925.14 6221.40 t 6408.04 6600.28 6798.29 7002.24 7212.31
34 5374.28 5642.99 5925.14 6221.40 6532.47 1 6728.44 6930.29 7138.20 7352.35 7572.92
35 5642.99 5925.14 6221 40 6532.47 6859.09 (: 7064.86 7276.81 7495.11 7719.96 7951.56
36 5925.14 6221.40 6532.47 6859.09 7202.04 7418.10 7640.64 7869.86 8105.96 8349.14
37 6221 40 6532.47 6859.09 7202.04 7562.14 ' 7789.00 8022.67 8263.35 8511.25 8766.59
38 6532.47 6859.09 7202.04 7562.14 7940.25 4 - i 8178.46 8423.81 8676.52 8936.82 9204.92
39 6859.09 7202.04 7562.14 7940.25 8337.26 I 8587.38 8845.00 9110.35 9383.66 9665.17
40 7202.04 7562.14 7940.25 8337.26 8754.12 9016.74 9287.24 9565.86 9852.84 10148.43
41 7562.14 7940.25 8337.26 8754.12 9191.83 1 9467.58 9751.61 10044.16 10345.48 10655.84
42 7940.25 8337.26 8754.12 9191.83 9651.42 9940.96 10239.19 10546.37 10862.76 11188.64
43 8337.26 8754.12 9191.83 9651.42 10133.99 1 .'j 10438.01 10751.15 11073.68 11405.89 11748.07
44 8754.12 9191.83 9651 42 10133.99 10640.69 R 10959.91 11288.71 11627.37 11976.19 12335 48
45 9191.83 9651.42 10133.99 10640.69 11172.72 i °4 11507.90 11853.14 12208.73 12574.99 12952.24
46 9651 42 10133.99 10640.69 11172.72 11731.36 1 12083.30 12445.80 12819.17 13203.75 13599.86
47 10133.99 10640.69 11172.72 11731.36 12317.93 . 12687 47 13068.09 13460.13 13863.93 14279.85
48 10640.69 11172.72 11731.36 12317.93 12933.83 1 13321.84 13721.50 14133.15 1455714 14993.85
489
CITY OF RANCHO MIRAGE
HOURLY SALARY SCHEDULE
(Effective July 01, 2010)
RANGE A B C D E F G H 1 J
20 15.6598 16.4428 17.2649 18.1282 19.0346 .; 19.6056 20.1938 20.7996 21 4236 22.0663
21 16.4428 17.2649 18.1282 19.0346 19.9863 '� 20.5859 21.2035 21.8397 22.4949 23.1697
22 17.2649 18.1282 19.0346 19.9863 20.9857 21.6153 22.2638 22.9317 23.6196 24 3282
23 18.1282 19.0346 19.9863 20.9857 22.0350 ; 22.6960 23.3769 24.0782 24.8006 25.5446
24 19.0346 19.9863 20.9857 22.0350 23.1368 23.8308 24.5458 25 2822 26.0406 26.8218
25 19.9863 20.9857 22.0350 23.1368 24.2936 25.0224 25.7731 26.5463 27.3427 28.1630
26 20.9857 22.0350 23.1368 24.2936 25.5083 26.2735 27.0617 27.8735 28.7097 29.5710
27 22.0350 23.1368 24.2936 25.5083 26.7837 : 27.5872 28.4148 29.2673 30.1453 31.0497
28 23.1368 24.2936 25.5083 26.7837 28.1229 " 28.9666 29.8356 30.7307 31.6526 32.6022
29 24.2936 25.5083 26.7837 28.1229 29.5290 1 • 30.4149 31.3273 32.2671 33.2352 34.2322
30 25.5083 26.7837 28.1229 29.5290 31.0055 31.9356 32.8937 33.8806 34.8970 35.9439
31 26.7837 28.1229 29.5290 31.0055 32.5557 33.5324 34.5384 35.5745 36.6418 37.7410
32 28.1229 29.5290 31.0055 32.5557 34.1835 35.2090 36.2653 37.3532 38.4738 39.6280
33 29.5290 31.0055 32.5557 34.1835 35.8927 36.9695 38.0785 39.2209 40.3975 41.6095
34 31.0055 32.5557 34.1835 35.8927 37.6873 38.8179 39.9824 41 1819 42.4174 43.6899
35 32.5557 34.1835 35.8927 37.6873 39.5717 r;- 40.7588 41.9816 43.2410 44.5382 45.8744
36 34.1835 35.8927 37.6873 39.5717 41.5502 ; 42.7967 44.0806 45.4030 46.7652 48.1681
37 35.8927 37.6873 39.5717 41.5502 43.6277 44.9365 46.2846 47.6732 49.1034 50.5765
38 37.6873 39.5717 41.5502 43.6277 45.8091 4 47 1834 48.5989 50.0568 51.5586 53.1053
39 39.5717 41.5502 43.6277 45.8091 48.0996 1 ? 49.5426 51.0288 52.5597 54.1365 55.7606
40 41.5502 43.6277 45.8091 48.0996 50.5045 52.0197 53.5802 55.1877 56.8433 58.5486
41 43.6277 45.8091 48.0996 50.5045 53.0298 .i 54.6207 56.2593 57.9471 59.6855 61.4760
42 45.8091 48.0996 50.5045 53.0298 55.6813 `I 57.3517 59.0723 60.8444 62.6698 64.5498
43 48.0996 50.5045 53.0298 55.6813 58.4653 lc' 60.2193 62.0259 63.8866 65.8032 67.7773
44 50.5045 53.0298 55.6813 58.4653 61.3886 "I 63.2303 65.1272 67.0810 69.0934 71 1662
45 53.0298 55.6813 58.4653 61.3886 64.4580 ;=1 66.3917 68.3835 70.4350 72.5480 74.7245
46 55.6813 58.4653 61.3886 64.4580 67.6809 69.7113 71.8027 73.9568 76.1755 78.4607
47 58.4653 61.3886 64.4580 67.6809 71.0650 i'I 73.1969 75.3928 77.6546 79.9842 82.3838
48 61.3886 64.4580 67.6809 71.0650 74.6183 ?_ 76.8568 79.1625 81.5374 83.9835 86.5030
490
RANGE A B
20 32,572 34,201 35,911
21 34,201 35,911 37,707
22 35,911 37,707 39,592
23 37,707 39,592 41,572
24 39,592 41,572 43,650
25 41,572 43,650 45,833
26 43,650 45,833 48,124
27 45,833 48,124 50,531
28 48,124 50,531 53,057
29 50,531 53,057 55,710
30 53,057 55,710 58,495
31 55,710 58,495 61,420
32 58,495 61,420 64,491
33 61,420 64,491 67,716
34 64,491 67,716 71,102
35 67,716 71,102 74,657
36 71,102 74,657 78,389
37 74,657 78,389 82,309
38 78,389 82,309 86,424
39 82,309 86,424 90,746
40 86,424 90,746 95,283
41 90,746 95,283 100,047
42 95,283 100,047 105,049
43 100,047 105,049 110,302
44 105,049 110,302 115,817
45 110,302 115,817 121,608
46 115,817 121,608 127,688
47 121,608 127,688 134,073
48 127,688 134,073 140,776
CITY OF RANCHO MIRAGE
ANNUAL SALARY SCHEDULE
(Effective July01, 2010)
C D E F
37,707
39,592
41,572
43,650
45,833
48,124
50,531
53,057
55,710
58,495
61,420
64,491
67,716
71,102
74,657
78,389
82,309
86,424
90,746
95,283
100,047
105,049
110,302
115,817
121,608
127,688
134,073
140,776
147,815
39,592
41,572 ._
43,650
45,833
48,124 1
50,531
1 :
53,057
55,710 j;;
3 _.
58,495 W.
61,420
64,491 ._._
67,716 ''j
71,102
74,657 E'
78,389 "
82,309
86,424 ._5
90,746 kl
95,283
100,047
105,049
110,302
121,608 ELI
127,688 LI
134,073
140,776 L
147,815 : ~a
155,206 .
491
G H 1 J
40,780 42,003 43,263 44,561 45,898
42,819 44,103 45,426 46,789 48,193
44,960 46,308 47,698 49,129 50,603
47 208 48,624 50,083 51,585 53,133
49,568 51,055 52,587 54,164 55,789
52,046 53,608 55,216 56,873 58,579
54,649 56,288 57,977 59,716 61,508
57,381 59,103 60,876 62,702 64,583
60,250 62,058 63,920 65,837 67,812
63,263 65,161 67,116 69,129 71,203
66,426 68,419 70,471 72,585 74,763
69,747 71,840 73,995 76,215 78,501
73,235 75,432 77,695 80,025 82,426
76,896 79,203 81,579 84,027 86,547
80,741 83,163 85,658 88,228 90,875
84,778 87,322 89,941 92,639 95,419
89,017 91,688 94,438 97,271 100,190
93,468 96,272 99,160 102,135 105,199
98,141 101,086 104,118 107,242 110,459
103,048 106,140 109,324 112,604 115,982
108,201 111,447 114,790 118,234 121,781
113,611 117,019 120,530 124,146 127,870
119,291 122,870 126,556 130,353 134,264
125,256 129,014 132,884 136,871 140,977
131,519 135,464 139,528 143,714 148,026
138,095 142 238 146,505 150,900 155,427
145,000 149,350 153,830 158,445 163,198
152,250 156,817 161,522 166,367 171,358
159,862 164,658 169,598 174,686 179,926
TITLE & CLASSIFICATION
Library Page Part Time /Substitute 12.3052
Sr Library Page Part Time /Substitute 14.7664
Library Clerk 1 Part Time /Substitute 15.9778
Library Clerk 11 Part Time/Substitute 18.3745
Library Assist Part Time/Substitute 21.9898
Librarian Intern Part Time /Substitute 24.9757
Librarian Part Time /Substitute 27.0006
CITY OF RANCHO MIRAGE
PART -TIME SALARY SCHEDULE
(Effective July 1, 2010)
A B C D E
12.9205
15.5047
16.7767
19.2932
23.0893
26.2245
28.3506
13.5665
16.2799
17.6155
20.2579
24.2437
27.5357
29.7681
14.2448 14.9570
17.0939 17.9486
18.4963 19.4211
21.2708 22.3343
25.4559 26.7287
28.9125 30.3582
31.2565 32.8194
492
F G H 1 J
15.4058 15.8679 16.3440 16.8343 17.3393
18.4871 19.0417 19.6129 20.2013 20.8074
20.0037 20.6038 21.2220 21.8586 22.5144
23.0043 23.6945 24.4053 25.1375 25.8916
27.5306 28.3565 29.2072 30.0834 30.9859
31 2689 32 2070 33.1732 34.1684 35.1934
33.8040 34.8181 35.8626 36.9385 38.0466
"eitvo�.a; roc o. MIRAGCtrz
REVENUES.
way
REVENUE AND EXPENDITURE
ACCOUNT DEFINITIONS
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.
4315 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-
4330 PM Inspection Fee. Fees charged for the inspection and control of dust emissions.
493
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 2106. Local agency's share of the State tax on vehicle fuels used for street
construction or maintenance projects.
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.
494
5100 License Tax. Tax collected on new construction used for construction of public facilities in the
City
5110- Development Fee. Impact fees collected on new commercial and residential construction.
5136
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
benefits 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.
495
6106 Speakers' Series. Revenue for tickets sales for the Speakers' Series Program.
6107 Cultural Commission. Revenue for tickets sales for the Cultural Commission's concerts.
6108 Art Affaire. Revenue from artists and booth fees and merchandise sales.
6110 Donations. Gifts, grants and other funds donated by individuals, businesses or other organizations.
6125 Abatements. Revenue collected from property owners who reimburse the City for nuisance
abatement work on their property
6130 Rent. Revenue collected for rents on City, Agency and Authority owned 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.
EXPENDITURES.
7100 Salaries - Full Time. Normal payroll expenditures for City Council/Boards of Directors and full -
time employees that are subject to all usual deductions.
7110 Salaries - Part Time. Normal payroll expenditures for part-time employees that are subject to all
usual deductions.
7120 Salaries - Over Time. Approved hours worked paid at time and a half.
7125 Disability Reimbursement. The amount reimbursed by City's insurance company for disability
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 Professional/Technical. Special services performed by consulting firms such as auditing,
engineering, architectural, actuarial, legal and similar services.
7404 Sheriff Services. Law enforcement services.
7408 County Booking Fees. County of Riverside fees charged for booking and processing
of prisoners.
7412 Fire Services. Fire protection services.
496
7416 Equipment Replacement Contribution. Contribution to Cove Communities Services for
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 Auditing Services. Annual financial and other required audits.
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.
7486 Community Forums. Town Hall meetings to inform residents on special topics.
7488 Cove Senior Center. Cove Communities' Senior Project.
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.
7550 COPS Programs. Citizens on Patrol Services (COPS) is made up of volunteers who serve as
additional "eyes and ears" for the Sheriff's Department.
7560 ADA. Expenditures associated with compliance with the Americans with Disabilities Act.
497
7561 PM la . Expenditures associated with attaining Federal and State standards for PM 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 Striping. Expenditures related to re- striping of streets in areas of heavy use.
7618 Traffic Signal Maintenance/Electric. Costs for maintenance and electricity for traffic signals.
7624 Vehicle Operations/Maintenance. Costs related to the operating & maintenance of City vehicles
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 decorations, and files that have been microfilmed.
7648 Property Tax. 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.
7818 Dues & Subscriptions. Expenses for professional and technical memberships and subscriptions to
professional and technical publications.
7821 Telephone. Service for City facilities.
7824 Communication Maintenance /Service. Costs associated with maintaining communications
capabilities.
7827 Community Publications. Production of MirageScape and other special reports.
7830 Photography. Special photographs for newsletters, news releases, Council and staff.
7833 Elections. City expenses in the municipal election process.
7836 Ordinance Codification. Charges for revisions to Municipal Code.
7839 Reproduction & Printing. Reproduction and printing costs incurred by City departments.
498
7842 Advertising/Publishing. Public hearing notices, ordinances, resolutions, legal notices, etc.
7848 Microfilming. Aperture card filming of plans, drawings, etc.
7851 Insurance & Bonds. Premiums paid for fire, liability, employees' bonds and other insurance
coverage, excluding those insurance programs listed under employee benefits.
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 Council/Commission Events. Costs for various events including members of Boards,
Commissions, Council and staff support.
7872 Public Relations. Costs for public relations.
7874 Speakers' Series. Costs for the Speakers' Series program.
7875 Cultural Commission. Costs for the Commission's special programs.
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.
7882 Art in Public Places. Costs related to the Art in Public Places program.
7883 Sister Cities Program. Costs related to the Sister Cities program.
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.
499
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 may be
replaced as required. Items costing more than $500 are considered capital items to be budgeted in
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.
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 Costs. 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 to pass 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 to pass 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.
500
8335 C.V. Cemetery. Tax increment pass through pursuant to pass 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.
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 General Fund staff support plus 15%
overhead.
8700 Miscellaneous Expenditure. General governmental expenditures not specifically classified
elsewhere.
8705 Contribution to Vons. Agreement to provide financial assistance to Vons.
8800 Operating Transfers Out. Routine transfers of money from one fund to another.
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.
501
502
The following list of terms are commonly used financial terms:
GLOSSARY
ALLOCATE - To divide a lump -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.
503
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 major 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 FUND 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
504
sharing the cost of providing a public service.
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
OBJECTIVE - 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.
505
506
AB939 Recycling Program Fund. .321
Account Definitions. 493
Administration 89
Air Pollution Reduction Fund .289
Budget Message 1
Budget Process. 15
Building & Safety 117
Capital Improvement Projects (CIP) 437
Child Enrichment Center 185
City Attorney 87
City Clerk 71
City Council 65
City Manager/Management Services 77
Citizen's Option for Public Safety Fund 159
Code Compliance. 123
Community Profile 457
Community Facilities District Funds. .245
Community Services District Fund .267
Debt Service Schedules and Summary 475
Development Impact Fee Funds .331
Distinguished Budget Presentation Award .27
Economic Development. .209
Engineering. 129
Emergency Services. 155
Facilities & Fleet Maintenance 141
Finance. .93
Fire Tax Fund .253
Fund Descriptions .29
Gann Limit .21
Gas Tax Fund .281
General Fund Departmental Expenditure Summary .217
General Fund Financial Summary .39
General Fund Operating Revenues and Operating Expenditures 42
General Fund Undesignated Fund Balance History 40
General Government. 165
Glossary .503
Housing Authority Fund .359
Information Services. 101
Landscape & Lighting Funds. .223
507
INDEX
Library Fund .295
Low Cost Housing Fund. 431
Mandated Programs 175
Measure A Fund .285
Northside Project Area Funds. ... 417
Organizational Chart. .26
Parkland Fund .271
Parkview Villas Age- Restricted Residential Complex Fund. .367
Planning 109
Proposition 4 Appropriations Limit (Gann Limit). .21
Public Information & Community Relations. 197
Public Safety 149
Rancho Palms Residential Complex Fund .391
Redevelopment Agency Funds Narrative .399
Regional Planning & Implementation 181
Rent Control Fund .309
Resolution of the Board of Directors of the Rancho Mirag03
Redevelopment Agency Adopting Fiscal Year 2009 -10 Budget 425
Resolution of the City of Rancho Mirage Adopting
Fiscal Year 2009 -10 Budget 18
Resolution of the Community Services District of the City of Rancho Mirage
Adopting Fiscal Year 2009 -10 Budget .20
Resolution of the Housing Authority Board of the City of Rancho Mirage
Adopting Fiscal Year 2009 -10 Budget .351
Resolution of the Library Board of the City of Rancho Mirage
Adopting Fiscal Year 2009 -10 Budget 19
Salary Schedules 489
Santa Rosa Villas Age - Restricted Residential Complex Fund. .383
Schedule of Authorized Staff Positions and Salaries .37
Special Programs 189
Staff Time Allocation Resolution Housing Authority .397
Staff Time Allocation Resolution Redevelopment Agency 435
Storm Water Quality Fund. .315
Street Maintenance 135
Summary of Expenditures and Operating Transfers Out .36
Summary of Legal Debt Margin. 473
Summary of Revenues and Operating Transfers In. .35
Summary of Significant Accounting, Fiscal, Operational
and Budgetary Policies 465
Tourism & Marketing .203
Traffic Safety Fund. .327
Whispering Waters Age - Restricted Residential Complex Fund .375
Whitewater Project Area Funds 405
508