HomeMy Public PortalAbout14 Agency FundsCOMPREHENSIVE
ANNUAL
FINANCIAL REPORT
AGENCY FUNDS
Agency Funds are used to account for assets held by the City in a fiduciary capacity
for individuals, governmental entities and others.
• The CITY AGENCY FUND is used to
account for refundable customer deposits.
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• The ASSESSMENT DISTRICTS FUND is
used to account for assessment collections and
debt service payments of assessment districts
whose debt is not an obligation of the City.
CITY OF RANCHO MIRAGE
AGENCY FUNDS
COMBINING SCHEDULE OF CHANGES IN FIDUCIARY ASSETS AND LIABILITIES
Year ended June 30, 2005
TOTALS -ALL AGENCY FUNDS
Assets:
Cash and investments
Balance at
3,153,464
3,224,300
Balance at
Cash and investments with fiscal agent
July 1, 2004
Additions
Deductions
June 30, 2005
CITY AGENCY FUND
541
739
570
710
Assets:
1,840
-
1,840
-
Cash and investments
$2,754,286
1,254,928
1,379,748
2,629,466
Total assets
$ 2,754,286
1,254,928
1,379,748
2,629,466
Liabilities:
Accounts payable
$ 846,253
1,232,285
1,242,091
836,447
Deposits payable
1,908,033
1,104,753
1,219,767
1,793,019
Due to other funds
-
242,117
Total liabilities
$2,754,286
2,337,038
2,461,858
2,629,466
ASSESSMENT DISTRICTS FUND
3,174,389
Total liabilities
$ 5,914,536
4,940,887
Assets:
5,814,475
Cash and investments
$1,494,492
1,898,536
1,844,552
1,548,476
Cash and investments with fiscal agent
1,579,042
663,560
645,828
1,596,774
Interest receivable
541
739
570
710
Accounts receivable
1,840
-
1,840
-
Due from other governments
84,335
41,014
86,300
39,049
Total assets
$ 3,160,250
2,603,849
2,579,090
3,185,009
Liabilities:
Accounts payable
$ 10,364
5,938
5,682
10,620
Due to City of Rancho Mirage
-
242,117
242,117
-
Due to bondholders
3,149,886
2,355,794
2,331,291
3,174,389
Total liabilities
$3,160,250
2,603,849
2,579,090
3,185,009
TOTALS -ALL AGENCY FUNDS
Assets:
Cash and investments
$4,248,778
3,153,464
3,224,300
4,177,942
Cash and investments with fiscal agent
1,579,042
663,560
645,828
1,596,774
Interest receivable
541
739
570
710
Accounts receivable
1,840
-
1,840
-
Due from other governments
84,335
41,014
86,300
39,049
Total assets
$ 5,914,536
3,858,777
3,958,838
5,814,475
Liabilities:
Accounts payable
$ 856,617
1,238,223
1,247,773
847,067
Deposits payable
1,908,033
1,104,753
1,219,767
1,793,019
Due to other funds
-
242,117
242,117
-
Due to bondholders
3,149,886
2,355,794
2,331,291
3,174,389
Total liabilities
$ 5,914,536
4,940,887
5,040,948
5,814,475
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