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Home My Public Portal About08 Required Supplmentary InformationCOMPREHENSIVE ANNUAL FINANCIAL REPORT CITY OF RANCHO MIRAGE, CALIFORNIA m A C _;o Z m „v o'n :0C Z m Z D CITY OF RANCHO MIRAGE Notes to Required Supplemental Information Year ended June 30, 2005 (1) Budgetary Data The City uses the following procedures in establishing the budgetary data reflected in the financial statements: (1) Before the beginning of the fiscal year the City Manager submits to the City Council a proposed budget for the year commencing the following July 1. (2) Public hearings are conducted to obtain taxpayer comments. (3) The budget is subsequently adopted through passage of a resolution. (4) 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 proj ects. (5) 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. (6) 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. The City classifies each General Fund expenditure into one of the following three objects: personnel, operations and maintenance, and capital. (7) 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. (8) 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 an expenditure in the funds repaying the advance. 97 CITY OF RANCHO MIRAGE Notes to Required Supplemental Information (Continued) (2) Required Disclosures The following funds reported expenditures in excess of appropriations: Special Revenue Fund: Low Cost Housing Budget $1,581,450 98 Variance - Favorable Actual (Unfavorable) 1,582,117 (667) CITY OF RANCHO MIRAGE BUDGETARY COMPARISON SCHEDULE GENERAL FUND Year ended June 30, 2005 Licenses and permits: Business licenses 219,400 219,400 Variance with Construction permits 1,507,000 1,357,000 Final Budget Budgeted Amounts Positive Revenues: Original Final Actual (Negative) Taxes: 1,576,900 1,458,318 (118,582) Charges for services:/ Property taxes $ 775,500 872,800 1071964 199,164 Sales taxes 5,150,725 4,180,400 3:985:310--/(195,090) Franchise taxes 932,000 932,000 970,997/ 38,997 Transient occupancy taxes 5,584,000 5,244,600 5,644,962--'400,362 Real property transfer taxes 690,000 690,000 691,7441/ 1,744 Licenses taxes 3,000,000 1,100,000 1,118,449 lino X0318,449 Total taxes 16,132,225 13,019,800 13,483,426 463,626 Intergovernmental: Reimbursement from Non -Govt - J�-�kVv 4 `j['15I Motor vehicle in -lieu 793,300 289,400 396,845 107,445 Other 100,000 838,600 1,110,498 271,898 Total intergovernmental 893,300 1,128,000 1,507,343 379,343 Licenses and permits: Business licenses 219,400 219,400 216,912 Construction permits 1,507,000 1,357,000 (2,489�Dib"V-W+ 1,241,0413 115,959) Other 500 500 365 (135) Total licenses and permits 1,726,900 1,576,900 1,458,318 (118,582) Charges for services:/ �i L1,311) Planning fees 120,000 140,000 154,306-10' 1,W'l4,306 Plan check fees 575,000 625,000 554,1701 (70,830) Community facilities districts 1,157,000 1,369,600 1,321,306 (48,294) X01 -4b�tD Public works inspections and fees 365,000 503,000 674,181® 171,181 Reimbursement from State 34,000 49,700 49,680 (20) Reimbursement from Non -Govt - - 287,160 7,160 010,050 Other 15,000 15,000 25,050J1� I-V Total charges for services 2,266,000 2,702,300 3,065,853 363,553 Fines and forfeitures 17,000 17,000 29,364/ 12,364 Interest income 1,990,500 1,990,500 QD 2,048,718 ✓ 58,218 �� i5-iW) Net increase (decrease) in - investment fair value - - (236,053) (236,053) Capital loan reimbursement 625,593 625,593 - (625,593) Miscellaneous 100,000 100,000 94,673,/ (5,327) Total revenues $ 23,751,518 21,160,093 21,451,642 291,549 O �IJJ,_Vk -5jma i(4o1 1011 ('Continued} �,\z aK kwl 99 CITY OF RANCHO MIRAGE BUDGETARY COMPARISON SCHEDULE GENERAL FUND (Continued) City Clerk: Personnel 507,011 507,011 451,331 55,680 Variance with 143,665 143,665 73,884 69,781 Capital Final Budget Expenditures: Budgeted Amounts Total city clerk Positive 655,676 Original Final Actual (Negative) General government: City council: Personnel $ 151,379 154,374 154,373 1 Operations and maintenance 42,200 45,080 39,894 5,186 Capital 5,000 5,000 - 5,000 Total city council 198,579 204,454 194,267 10,187 City Clerk: Personnel 507,011 507,011 451,331 55,680 Operations and maintenance 143,665 143,665 73,884 69,781 Capital 5,000 5,000 - 5,000 Total city clerk 655,676 655,676 525,215 130,461 City manager: Personnel 912,429 933,629 912,539 21,090 Operations and maintenance 55,310 55,310 49,139 6,171 Capital 750 750 - 750 Total city manager 968,489 989,689 961,678 28,011 City attorney: Operations and maintenance 461,000 673,990 673,987 3 Total city attorney 461,000 673,990 673,987 3 Administration: Personnel 331,721 340,206 340,203 3 Operations and maintenance 17,000 67,450 67,170 280 Total administration 348,721 407,656 407,373 283 Finance: Personnel 374,171 374,921 374,918 3 Operations and maintenance 217,011 217,836 217,827 9 Total finance 591,182 592,757 592,745 12 (Continued) 100 CITY OF RANCHO MIRAGE BUDGETARY COMPARISON SCHEDULE GENERAL FUND (Continued) (Continued) 101 Variance with Final Budget Budgeted Amounts Positive Original Final Actual (Negative) Information services: Personnel $ 254,265 256,125 256,121 4 Operations and maintenance 197,432 197,432 162,903 34,529 Capital 35,269 35,269 29,848 5,421 Total information services 486,966 488,826 448,872 39,954 Information and marketing: Operations and maintenance 1,153,317 1,163,317 1,061,301 102,016 Total information & marketing 1,153,317 1,163,317 1,061,301 102,016 General government: Personnel 309,315 351,520 351,516 4 Operations and maintenance 824,409 891,074 750,502 140,572 Capital 74,931 74,931 14,821/ 60,110 Total general government 1,208,655 1,317,525 1,116,839 z 200,686 Special programs: Operations and maintenance 624,297 867,777 709,548 158,229 Total special programs 624,297 867,777 709,548 158,229 Planning: Personnel 944,580 951,120 951,114 6 Operations and maintenance 578,165 518,165 472,384 45,781 Total planning 1,522,745 1,469,285 1,423,498 45,787 Building and safety: Personnel 646,480 646,480 535,463 111,017 Operations and maintenance 200,608 200,608 157,732 42,876 Total building and safety 847,088 847,088 693,195 153,893 Mandated programs: Operations and maintenance 384,863 384,863 241,812 143,051 Total mandated programs 384,863 384,863 241,812 143,051 Regional plan and implementation Operations and maintenance 55,010 55,010 31,629 23,381 Total regional plan and implementation 55,010 55,010 31,629 23,381 II �fl(1,637,013) Iuterfundreimbursements (1,659,929) (1,659,929) (22,916) Total general government 7,846,659 8,457,984 7,444,946 1,013,038 (Continued) 101 CITY OF RANCHO MIRAGE BUDGETARY COMPARISON SCHEDULES GENERAL FUND (Continued) Public safety: Code compliance: Personnel Operations and maintenance Total code compliance Emergency services: Operations and maintenance Total emergency services Police services: Operations and maintenance Capital Total police services Citizens Option for Public Safety (COPS) Operations and maintenance Capital Total COPS Law Enforcement Equipment Operations and maintcnance Capital Total law enforcement equipment Total public safety Public works: Buildings and landscaping: Personnel Operations and maintenance Capital Total buildings and landscaping Variance with Final Budget Budgeted Amounts Positive Original Final Actual e ative $ 276,231 276,231 274,379 1,852 51,089 51,089 11,309 39,780 327,320 327,320 285,688 41,632 9,500 13,165 13,157 8 9,500 13,165 13,157 8 4,476,859 4,558,259 4,502,465 55,794 - 29,500 20,435 9,065 4,476,859 4,587,759 4,522,900 64,859 136,500 136,500 123,223 13,277 2,500 2,500 - 2,500 139,000 139,000 123,223 15,777 633,377 355,083 278,294 Capital 900 900 2,166 (1,266) - 9,730 8,459 1,271 900 10,630 10,625 5 4,953,579 5,077,874 4,955,593 122,281 353,750 353,750 308,970 44,780 527,281 556,481 523,699 32,782 46,069 46,069 46,069 - 927,100 956,300 878,738 77,562 Street maintenance: Personnel 458,144 461,654 461,646 8 Operations and maintenance 372,827 633,377 355,083 278,294 Capital 84,999 88,699 42,962 45,737 Total street maintenance 915,970 1,183,730 859,691 324,039 Engineering: Personnel 1,071,082 1,085,882 1,085,855 27 Operations and maintenance 403,194 352,409 215,161 137,248 Total engineering 1,474,276 1,438,291 1,301,016 137,275 Total public works $ 3,317,346 3,578,321 3,039,445 538,876 (Continued) 102 CITY OF RANCHO MIRAGE BUDGETARY COMPARISON SCHEDULES GENERAL FUND Cultural and recreation: Child Enrichment Center: Operations and maintenance Capital Total summer recreation Total cultural and recreation Capital projects: Capital improvements financed from fund balance and license tax General Fund Capital Projects License Tax Fund Capital Projects Total capital improvements Total capital projects Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources: Transfers in Transfers out Issuance of long-term debt Total other financing sources Net change in fund balance (Continued) Variance with Final Budget Budgeted Amounts Positive Original Final Actual (Negative) 85,447 4,940 85,447 4,940 42,886 42,561 - 4,940 90,387 90,387 42,886 47,501 90,387 90,387 42,886 47,501 4,645,846 7,145,846 2,003,124 5,142,722 15,046,553 14,636,553 3,375,587 11,260,966 19,692,399 21,782,399 5,378,711 16,403,688 19,692,399 21,782,399 5,378,711 16,403,688 35,900,370 38,986,965 20,861,581 18,125,384 (12,148,852) (17,826,872) 590,061 18,416,933 - - 5,851,673 5,851,673 (1,935,603) (4,479,981) �� (4,224,729) 255,252 - 2,500,000 y - (2,500,000) (1,935,603) (1,979,981) 1,626,944 3,606,925 (14,084,455) (19,806,853) 2,217,005 22,023,858 Fund balance, beginning of year (as restated) 68,874,618 68,874,618 68,874,618 - Fund balance, end of year $ 54,790,163 49,067,765 71,091,623 22,023,858 103 CITY OF RANCHO MIRAGE BUDGETARY COMPARISON SCHEDULE LIBRARY SPECIAL REVENUE FUND Revenues: Intergovernmental Fines and forfeitures Interest income Miscellaneous Total revenues Expenditures: Current: Cultural and recreation Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources (uses) Total change in fund balances Fund balances, beginning of year Fund balances (deficit), end of year Year ended June 30, 2005 Budgeted Amounts Original Final Variance with Final Budget Positive Actual (Negative) 104,000 124,000 141,726 17,726 33,000 38,000 40,225 2,225 40,000 40,000 40,172 172 56,600 76,600 107,845 31,245 233,600 278,600 329,968 51,368 1,850,497 1,875,497 1,704,385 171,112 1,850,497 1,875,497 1,704,385 171,112 (1,616,897) (1,596,897) (1,374,417) 222,480 1,601,955 1,601,955 1,708,624 106,669 - (243,286) (389,220) (145,934) 1,601,955 1,358,669 1,319,404 (39,265) (14,942) (238,228) (55,013) 183,215 1,837,761 1,837,761 1,837,761 - $ 1,822,819 1,599,533 1,782,748 183,215 104 CITY OF RANCHO MIRAGE BUDGETARY COMPARISON SCHEDULE FIRE TAX SPECIAL REVENUE FUND Year ended June 30, 2005 Expenditures: Current: Public safety 3,390,316 3,658,316 3,625,893 32,423 Total expenditures 3,390,316 3,658,316 3,625,893 32,423 Excess (deficiency) of revenues over expenditures (3,370,316) (3,554,716) (3,406,628) 148,088 Other financing sources (uses): Transfers in 3,315,000 3,252,000 Variance with 88,732 Final Budget Budgeted Amounts Positive Orijzinal Final Actual e ative Revenues: 3,340,732 88,732 Intergovernmental $ - 83,600 83,543 (57) Charges for services 20,000 20,000 21,580 1,580 Interest income - - 11,911 11,911 Miscellaneous - - 102,231 102,231 Total revenues 20,000 103,600 219,265 115,665 Expenditures: Current: Public safety 3,390,316 3,658,316 3,625,893 32,423 Total expenditures 3,390,316 3,658,316 3,625,893 32,423 Excess (deficiency) of revenues over expenditures (3,370,316) (3,554,716) (3,406,628) 148,088 Other financing sources (uses): Transfers in 3,315,000 3,252,000 3,340,732 88,732 Total other financing sources (uses) 3,315,000 3,252,000 3,340,732 88,732 Total change in fund balance (55,316) (302,716) (65,896) 236,820 Fund balances, beginning of year (as restated) 283,447 283,447 283,447 - Fund balances (deficit), end of year $ 228,131 $ (19,269) 217,551 236,820 105 CITY OF RANCHO MIRAGE BUDGETARY COMPARISON SCHEDULE HOUSING AUTHORITY SPECIAL REVENUE FUND Year ended June 30, 2005 Expenditures: Current: General government 2,403,924 4,000,889 4,176,411 (175,522) Capital projects 13,801,596 17,020,115 1,986,573 15,033,542 Total expenditures 16,205,520 21,021,004 6,162,984 14,858,020 Excess (deficiency) of revenues over expenditures (15,423,520) (20,239,004) (5,327,450) 14,911,554 Other financing sources (uses): Transfers in 3,636,369 3,636,369 3,669,336 32,967 Transfers out (245,787) (245,787) (32,787) 213,000 Total other financing sources (uses) 3,390,582 3,390,582 3,636,549 245,967 Total change in fund balance (12,032,938) (16,848,422) (1,690,901) 15,157,521 Fund balances, beginning of year 17,414,866 17,414,866 17,414,866 - Variance with $ 5,381,928 $ 566,444 15,723,965 15,157,521 Final Budget Budgeted Amounts Positive Original Final Actual (Negative) Revenues: Licenses and permits $ 5,000 5,000 5,119 119 Interest income 400,000 400,000 349,786 (50,214) Net increase (decrease) in investment fair value - - (41,853) (41,853) Miscellaneous 377,000 377,000 522,482 145,482 Total revenues 782,000 782,000 835,534 53,534 Expenditures: Current: General government 2,403,924 4,000,889 4,176,411 (175,522) Capital projects 13,801,596 17,020,115 1,986,573 15,033,542 Total expenditures 16,205,520 21,021,004 6,162,984 14,858,020 Excess (deficiency) of revenues over expenditures (15,423,520) (20,239,004) (5,327,450) 14,911,554 Other financing sources (uses): Transfers in 3,636,369 3,636,369 3,669,336 32,967 Transfers out (245,787) (245,787) (32,787) 213,000 Total other financing sources (uses) 3,390,582 3,390,582 3,636,549 245,967 Total change in fund balance (12,032,938) (16,848,422) (1,690,901) 15,157,521 Fund balances, beginning of year 17,414,866 17,414,866 17,414,866 - Fund balances (deficit), end of year $ 5,381,928 $ 566,444 15,723,965 15,157,521 106 CITY OF RANCHO MIRAGE BUDGETARY COMPARISON SCHEDULE LOW COST HOUSING SPECIAL REVENUE FUND Revenues: Interest income Net increase (decrease) in investment fair value Total revenues Expenditures: Current: General government Debt service: Principal Interest Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources (uses) Total change in fund balances Fund balances, beginning of year Fund balances (deficit), end of year YEAR ENDED JUNE 30, 2005 Budgeted Amounts Oriyzinal Final $ 909,200 909,200 Variance with Final Budget Positive Actual (Negative) 1,045,450 136,250 - - (32,813) (32,813) 909,200 909,200 1,012,637 103,437 94,137 94,156 94,823 (667) 1,487,294 1,487,294 1,487,294 - 1,581,431 1,581,450 1,582,117 (667) (672,231) (672,250) (569,480) 102,770 5,004,800 5,004,800 5,242,085 237,285 (3,423,369) (3,670,003) (3,669,336) 667 1,581,431 1,334,797 1,572,749 237,952 909,200 662,547 1,003,269 340,722 35,725,547 35,725,547 35,725,547 - $ 36,634,747 36,388,094 36,728,816 340,722 i 107 801