HomeMy Public PortalAbout05 Governmental Wide Financial StatementsCOMPREHENSIVE
ANNUAL
FINANCIAL REPORT
)F RANCHO MIRAGE, CALIFORNIA
C
CITY OF RANCHO MIRAGE
STATEMENT OF NET ASSETS
JUNE 30, 2005
Governmental
Activities
Assets:
Cash and investments (note 2)
$ 96,741,408
Cash and investments with fiscal agent (note 2)
90,670,142
Receivables:
l 1,812,659
Interest
68,524
Accounts
864,722
Special assessments
546,511
Loans
4,375,031
Trust
9,890
Due from other governments
4,724,808
Prepaid items
97,642
Capital assets (note 6):
Non -depreciable capital assets
37,919,4930
Depreciable capital assets
139,689,055
Accumulated depreciation
(35,803,719) 0
Total assets 339,903,507
Liabilities:
Accounts payable
6,148,984
Accrued salaries and benefits
49,420
Accrued interest payable
l 1,812,659
Due to other governments
50,557
Deposits payable
326,017
Unearned revenue
178,272
Long-term liabilities (note 7):
3,948,224
Due within one year
4,190,236
Due in more than one year
16 7,979,376
Total liabilities 180,735,521
Net assets:
Investment in capital assets, net of accumulated depreciation
and related debt
59,485,576
Restricted for:
Community development
13,978,688
Public safety
294,125
Public works
3,686,443
Cultural and recreation
3,948,224
Unrestricted
77,774,930
Total net assets $ 159,167,986
See accompanying notes to basic financial statements.
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Governmental activities:
General government
Public safety
Public works
Cultural and recreation
Interest on long-term debt
and other charges
CITY OF RANCHO MIRAGE
Statement of Activities
Year ended June 30, 2005
$ 14,122,076
Net (Expense)
35,692 2,328,728
Revenue and
(7,887,390)
Changes in
Program Revenues
Net Assets
Operating Capital Total
(6,842,766)
Charges for Grants and Grants and Program
Governmental
Exnenses Services Contributions Contributions Revenues
Activities
$ 14,122,076
3,870,266
35,692 2,328,728
6,234,686
(7,887,390)
8,635,586
1,763,238
29,582 -
1,792,820
(6,842,766)
17,856,840
1,344,088
3,668,618 -
5,012,706
(12,844,134)
5,663,369
600,510
289,743 -
890,253
(4,773,116)
8,956,761 - - - - (8,956,761)
Total governmental activities 55,234,632 7,578,102 4,023,635 2,328,728 13,930,465 (41,304,167)
General revenues:
Taxes:
Property taxes
Transient occupancy taxes
Sales taxes
Franchise taxes
Motor vehicle in lieu tax, unrestricted intergovernmental
Library and fire services tax
Interest income, net of increase (decrease) in fair value
Other
Total general revenues
Change in net assets
Net assets at beginning of year, as restated (note 14)
Net assets at end of year
See accompanying notes to basic financial statements.
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18,393,896
5,644,962
J3 985,310
-7970,997
-1396,845
4,148,420
3,614,728
99,298
37,254,456
(4,049,711)
163,217,697
$ 159,167,986