ML12030A248
| ML12030A248 | |
| Person / Time | |
|---|---|
| Site: | San Onofre  |
| Issue date: | 12/14/2011 |
| From: | Moreno D, Wingenroth B City of Anaheim, CA, Southern California Edison Co |
| To: | Office of Nuclear Reactor Regulation |
| References | |
| Download: ML12030A248 (147) | |
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CO.MPREHENSIVEI CITY OF ANAHEIM CALIFORNIA YEAR ENDED JUNE 30, 2011 PREPARED BY DEPARTMENT OF FINANCE
CITY OF ANAHEIM CITY COUNCIL GAIL EASTMAN HARRY S. SIDHU, P.E. ToM TAIT LORRI GALLOWAY KRIS MURRAY COUNCIL MEMBER MAYOR PRO TEMI MAYOR COUNCIL MEMBER COUNCIL MEMBER
INTRODUCTORY SECTION SIA XE INTRODUCTORY
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CITY OF ANAHEIM Comprehensive Annual Financial Report Table of Contents June 30, 2011 Page INTRODUCTORY SECTION Letter of Transmittal 1 GFOA Certificate of Achievement for Excellence in Financial Reporting 5 Organization Chart 7 Administrative Personnel 8 FINANCIAL SECTION Independent Auditors' Report 9 Management's Discussion and Analysis (Unaudited) 11 Basic Financial Statements Government-wide Financial Statements Statement of Net Assets 21 Statement of Activities 23 Fund Financial Statements Balance Sheet - Governmental Funds 25 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Assets 26 Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds 27 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities 28 Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual - General Fund 29 Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual - Housing Authority 30 Statement of Fund Net Assets - Proprietary Funds 31 Statement of Revenues, Expenses and Changes in Fund Net Assets - Proprietary Funds 33 Statement of Cash Flows - Proprietary Funcds 34 Statement of Fiduciary Net Assets 37 Statement of Changes in Fiduciary Net Assets 39 Notes to the Financial Statements 41 Required Supplementary Information (Unaudited) 75 Combining Individual Fund Statements and Schedules Governmental Funds Combining Balance Sheet - Nonmajor Governmental Funds by Fund Type 77 Combining Statement of Revenues, Expenditures and Changes in Fund Balances - Nonmajor Governmental Funds by Fund Type 78 Combining Balance Sheet - Nonmajor Special Revenue Funds 79 Combining Statement of Revenues, Expenditures and Changes in Fund Balances (Deficits) - Nonmajor Special Revenue Funds 81 Schedule of Revenues, Expenditures and Changes in Fund Balances (Deficits) - Budget and Budgetary Basis Actual - All Nonmajor Special Revenue Funds 83 (continued)
CITY OF ANAHEIM Comprehensive Annual Financial Report Table of Contents June 30, 2011 (continued)
Page Combining Balance Sheet - Nonmajor Debt Service Funds 88 Combining Statement of Revenues, Expenditures and Changes in Fund Balances - Nonmajor Debt Service Funds 89 Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual - All Debt Service Funds 90 Combining Balance Sheet - Nonmajor Capital Projects Funds 92 Combining Statement of Revenues, Expenditures and Changes in Fund Balances (Deficits) - Nonmajor Capital Projects Funds 93 Schedule of Revenues, Expenditures and Changes in Fund Balances (Deficits) - Budget and Budgetary Basis Actual - All Capital Projects Funds 94 Internal Service Funds Combining Statement of Fund Net Assets - Internal Service Funds 97 Combining Statement of Revenues, Expenses and Changes in Fund Net Assets - Internal Service Funds 98 Combining Statement of Cash Flows - Internal Service Funds 99 Fiduciary Funds Statement of Changes in Fiduciary Assets and Liabilities -Agency Fund - Mello-Roos 101 STATISTICAL SECTION (Unaudited)
Net Assets by Component - Last Ten Fiscal Years 104 Changes in Net Assets - Last Ten Fiscal Years 105 Governmental Activities Tax Revenues by Source - Last Ten Fiscal Years 107 Fund Balances of Governmental Funds - Last Ten Fiscal Years 108 Changes in Fund Balances of Governmental Funds - Last Ten Fiscal Years 109 General Government Tax Revenues by Source - Last Ten Fiscal Years 110 Assessed Value of Taxable Property - Last Ten Fiscal Years 111 Property Tax Rates - Direct and Overlapping Governments - Last Ten Fiscal Years 112 Principal Property Tax Payers - Current Year and Nine Years Ago 113 Property Tax Levies and Collections - Last Ten Fiscal Years 114 Ratios of Outstanding Debt by Type - Last Ten Fiscal Years 115 Ratios of General Bonded Debt Outstanding - Last Ten Fiscal Years 116 Direct and Overlapping Governmental Activities Debt - as of June 30, 2011 117 Legal Debt Margin - Last Ten Fiscal Years 119 Pledged-Revenue Coverage - Last Ten Fiscal Years 120 Demographic and Economic Statistics - Last Ten Fiscal Years 122 Principal Employers - Last Eight Fiscal Years 123 Full-time Equivalent City Government Employees by Function/Program - Last Ten Fiscal Years 125 Operating Indicators by Function - Last Eight Fiscal Years 126 Capital Assets Statistics by Function - Last Eight Fiscal Years 128 City of Anaheim Map 130
In addition to the financial audit, the City is required to undergo an annual Single City of Anaheim, California Audit in conformity with the provisions of the Single Audit Act Amendments of 1996 Finance Department and the U.S. Office of Management and Budget (OMB) Circular A-133, Audits of State, Local Governments, and Non-Profit Organizations.The information related to the Single Audit, including the schedule of expenditures of federal awards, schedule of findings and questioned costs, and auditors' reports on internal control and compliance, is not included with this report and is issued as a separate document.
This CAFR includes all funds of the City. The City provides a full range of services, December 14, 2011 including: police and fire protection, highways and streets, public improvements, planning and zoning, utilities (electric and water), sanitation and solid waste, stadium, convention center, golf courses, street and park maintenance, recreational To the Honorable Mayor and City Council and cultural programs for citizen participation, and general administrative services. In City of Anaheim addition to general governmental activities, the City Council is financially Anaheim, California accountable for the Anaheim Housing Authority, Anaheim Redevelopment Agency, Community Center Authority, Anaheim Public Improvement Corporation, and Anaheim Public Financing Authority; therefore, these activities are included in the In accordance with the Charter of the City of Anaheim (City), we are submitting the reporting entity.
Comprehensive Annual Financial Report (CAFR) for the fiscal year ended June 30, 2011. Responsibility for both the accuracy of the data and the completeness and ECONOMIC CONDITION AND OUTLOOK fairness of the presentation, including all disclosures, rests with the City. We believe the data, as presented, is accurate in all material aspects; that it is presented in a The City is located in northwestern Orange County, about 28 miles southeast of manner designed to fairly set forth the financial position and results of operations of downtown Los Angeles and 90 miles north of San Diego. The City lies on a coastal the City, as measured by the financial activity of its various funds; and that all plain, which is bordered by the Pacific Ocean on the west and the Santa Ana disclosures necessary to enable the reader to gain maximum understanding of the Mountains on the east. The City is the oldest and second most populous city in City's financial activities have been included. Orange County. Anaheim is home to the Disneyland Resort, the Anaheim Convention Center, and two major league professional sports teams-the Los Angeles Angels of The CAFR is presented in three sections: Introductory, Financial, and Statistical. The Anaheim American League Baseball team that utilizes the Angel Stadium of Anaheim, Introductory Section includes the table of contents, this transmittal letter, certificate of and the Anaheim Ducks National Hockey League team that utilizes the Honda achievement, the City's organization chart, and a list of administrative personnel. The Center.
Financial Section includes the report of the independent auditors, Management's Discussion and Analysis (MD&A), the basic financial statements including the Anaheim and Orange County are home to a wide spectrum of industries-more than government-wide financial statements comprised of the Statement of Net Assets and 4,600 manufacturing plants are located in the county, most notably defense and the Statement of Activities, and the accompanying notes to the financial statements. aerospace, biomedical, electronics, machinery, and computer product The Financial Section also contains the fund financial statements including the manufacturers. The City has over 17,000 active business licenses, of which 15,000 governmental funds financial statements, the proprietary funds financial statements are businesses operating within the City's boundaries.
and the fiduciary fund financial statements. This section also includes the combining individual funds financial statements for the non-major governmental funds and the As the City continues to attract population growth and economic expansion, its internal service funds. The Statistical Section contains selected pertinent financial and municipal services are constantly being improved to serve residential and business demographic information, on a multi-year basis. This transmittal letter is designed to needs. This growth in City service demand presents the City with significant complement and should be read in conjunction with the MD&A. challenges; and if the high level of service is to be maintained, the City will need to I
CITY OF ANAHEIM continue to explore new methods of obtaining financial resources and more efficient to meet, know and support each other whether preparing for an emergency, methods to deliver services. The unemployment rate in the Orange County, California addressing crime, or planning a neighborhood event, "Hi Neighbor" will strengthen area for June 2011 was 9.2%, which is the same as the national average but remained the bonds of community and empower Anaheim residents to be more involved in the below the state (11.8%) average. future of their communities by looking out for the safety and well-being of their neighbors.
Tourism related spending provides significant discretionary revenue to the City of Anaheim, and the City closely monitors and projects trends related to this market. BUILDING OUR FUTURE: Through these difficult times, the City remains committed Revenue from tourism strengthened in fiscal year 2011, and local economic forecasts to building our future while effectively and efficiently delivering core services.
expect modest growth to continue in fiscal year 2012. The City's revenue from sales Providing residents with safe and vibrant neighborhoods is a priority, and the Police and use taxes began its recovery in fiscal year 2011 and isexpected to grow modestly and Fire Departments continue to manage the economic environment by making in fiscal year 2012. prudent adjustments that make it possible to maintain service levels. The Public Utilities Department has positioned itself to maintain high levels of service to MAJOR INITIATIVES customers through critical infrastructure and new technology investments, including the Canyon Power Project, a state-of-the-art 200 megawatt power generating facility City management, under the direction of the Mayor and City Council, identifies that will provide local power to Anaheim. Public Works ensures that other core priorities that will determine the path of the City's future. Initiatives are reevaluated infrastructure, such as streets and roads, are well maintained for safe and efficient use regularly, and new ones added, to ensure they are consistent with the priorities of our by the residents and businesses of Anaheim.
policy body and the community. Through a commitment to responsible government, superior customer service and economic growth, the City of Anaheim continues its As the City has evolved, the diversity of assets has allowed Anaheim to become the tradition of accomplishment by investing in modern public amenities, welcoming world class destination that it is today. With targeted expansion and strategic new business development, and breaking ground on infrastructure projects that will investment, the City has successfully leveraged its resources to sustain its growth and inspire civic pride and captivate imaginations. The City's dedication to improvement plan for its future. Although a changing economic environment demands prudent and innovation has created an environment where residents and businesses are free management of the City's resources, the exploration of new opportunities for to choose how best to enjoy all that Anaheim has to offer. economic growth continues. The Anaheim Convention Center, the largest convention center on the west coast, will undergo an impressive expansion that will increase the ANAHEIM CONNECTS: The City of Anaheim strives to make connecting to City public meeting space by more than 200,000 square feet. The redesigned transit plaza government as easy as possible. In addition to Anaheim Anytime and the City's 3 is substantially complete and construction of the outdoor plaza is scheduled to begin 1 hotline providing residents with seamless access to services at any time of day, the in early 2012. The City continues to develop transportation solutions for the region City recognizes that the latest trends in technology and social media are changing the and will soon begin construction of the Anaheim Regional Transportation Intermodal way residents and businesses communicate and is adapting the way it interacts and Center (ARTIC), utilizing various federal, state and local transportation grants. This conducts business with its customers. In our continued commitment to excellence center will provide a functional link among all transit modes and act as the southern in customer service, we have made accessing Anaheim services instantaneous terminus of the California High Speed Rail Project.
through the My Anaheim smartphone application. The application can be used to find events in Anaheim or request any City service. Anaheim's efforts at outreach In spite of economic challenges, the City recognizes that creating and maintaining a extend beyond event notification or the submission of service requests. In the case vibrant and livable community is a fundamental responsibility. As a result of an of an emergency, the City's Anaheim Alert emergency text messaging system will unprecedented Capital Improvement Program, the City has made an incredible notify residents of fire evacuations, power outages, public safety information, traffic investment in the community over the last decade. The investment in improvements information, road closures and other time sensitive news. from the building of new community centers to improving critical infrastructure has not only enhanced the quality of life for all residents, but has positioned the City well Improving our community requires involvement. Personal connections make strong for the future. Understanding the importance of new opportunities for recreation, the neighborhoods, and connections with neighbors often lead to a stronger, safer and City unveiled the Anaheim Coves project at Burris Basin, which offers residents a more vibrant community. The "Hi Neighbor" program encourages Anaheim residents network of green space and trails and reestablishes the important link between 2
CITY OF ANAHEIM Anaheim and its namesake, the Santa Ana River. In fiscal year 2011/12, the City will Further, the City has a long-standing practice of recognizing and reserving for known open Founder's Park in the Colony District. This one-acre park will showcase some and anticipated liabilities. The City fully funds its compensated absences and self-of the structures and artifacts that are part of Anaheim's beginnings, including the insurance liabilities. Additionally, the City has established an irrevocable trust for historic Mother Colony House, the Woelke-Stoffel House and the landmark Moreton other post-employment benefits (also known as retiree medical) and continues to Bay Fig Tree. In addition to new facilities, the City has dedicated resources to make the annual required contribution (ARC) to ensure this future obligation is fully improving existing neighborhoods and revitalizing areas in need. funded.
FINANCIAL INFORMATION LONG-TERM FINANCIAL PLANNING: On June 14, 2011, the City Council adopted the fiscal year 2012 budget. Additionally, as a companion to approving the budget Management of the City is responsible for establishing and maintaining internal plan, a five-year Capital Improvement Plan was presented to the City Council. The control designed to ensure that the assets of the government are protected from loss, five-year plan links anticipated expenditures for infrastructure development with theft, or misuse, and to ensure that adequate accounting data are compiled to allow community needs and desires and provides a citywide perspective of recommended for the preparation of financial statements in conformity with U.S. generally accepted projects and proposed funding sources. The Capital Improvement Plan was finalized accounting principles. Internal control is designed to provide reasonable, but not in June 2011, and totaled $726.6 million for the five-year fiscal period ending June absolute, assurance that these objectives are met. The concept of reasonable 30, 2016. The five-year Capital Improvement Plan has been submitted and annually assurance recognizes that: (1) the cost of a control should not exceed the benefits updated, in its present form, since 1982, for effective long-range planning purposes.
likely to be derived; and (2) the valuation of costs and benefits requires estimates and It is City Management's belief that these two plans give City Council members an judgments by management. expanded opportunity to set policy and provide direction for implementation, resulting in improved management efficiency and improved financial results.
This report consists of management's representations concerning the finances of the City. As a result, management assumes full responsibility for the completeness and OTHER INFORMATION reliability of all of the information presented in this report. Management asserts that, to the best of their knowledge and belief, this financial report is complete and reliable THE INDEPENDENT AUDIT The City Charter reqluires an annual audit of the in all material respects. financial statements of the City by an independent certified public accountant.
Accordingly, this year's audit was completed by KPMG LLP. In addition to meeting BUDGETARY CONTROLS: The City maintains budgetary controls, the objective of the requirements set forth in the City Charter, the audit was also designed to meet the which is to ensure compliance with legal provisions embodied in the annual requirements of the Single Audit Act Amendments of 1996 and related OMB Circular appropriated budget approved by the City Council. Activities of the General Fund, A-133. The auditors' report on the basic financial statements is included in the special revenue funds, debt service funds, capital projects funds, and all the financial section of this report. The auditors' reports related specifically to the single proprietary funds are included in the annual appropriated budget. The level of audit are presented as a separate document.
budgetary control (that is, the level at which expenditures cannot legally exceed the appropriated amount) is established at the departmental level. The City also maintains GOVERNMENT FINANCE OFFICERSASSOCIATION OF THE UNITED STATES AND an encumbrance accounting system as one technique of accomplishing budgetary CANADA (GFOA) CERTIFICATE OFACHIEVEMENT AWARD: The GFOA awarded a control. Encumbrances generally are re-appropriated as part of the following year's Certificate of Achievement for Excellence in Financial Reporting to the City of budget. Anaheim, California, for its comprehensive annual financial report for the fiscal year ended June 30, 2010. This was the 35th consecutive year that the City has achieved RELEVANT FINANCIAL POLICIES: Over the years, through sound fiscal this prestigious award (fiscal years ended June 30, 1976 through 2010). In order to be management, the City has positioned itself well to weather economic downturns, awarded a Certificate of Achievement, a government must publish an easily readable create a positive atmosphere for economic development, and allow flexibility in and efficiently organized comprehensive annual financial report. This report must addressing budgetary challenges. As of June 30, 2011, the City's General Fund has an satisfy both U.S. generally accepted accounting principles and applicable legal spendable, unrestricted fund balance of $22.3 million, which represents 9% of total requirements.
expenditures. Traditionally, the policy has been to maintain General Fund reserves at a minimum of 7 to 10% of expenditures.
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CITY OF ANAHEIM A Certificate of Achievement is valid for a period of one year only. We believe our current comprehensive annual financial report continues to conform to the Certificate of Achievement Program's recluirements and we are submitting it to GFOA to determine its eligibility for another certificate.
ACKNOWLEDGMENTS The preparation of this report on a timely basis is a team effort involving many dedicated people across the entire organization. I would like to extend a special thanks to the talented finance professionals throughout the City, led by Peggy Au, Financial Accounting Manager. Appreciation is also expressed to Mayor Tait and Mayor ProTem Harry Sidhu for their significant contributions as members of the Audit Committee. In closing, without the leadership and support of the City Council, preparation and results of this report would not have been possible. Its leadership has made possible the implementation of these important and innovative concepts in fiscal management by the City.
Respectfully submitted, Bob Wingenroth Deborah A. Moreno Acting City Manager Acting Finance Director 4
CITY OF ANAHEIM The Government Finance Officers Association of the United Certificate of States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City Achievement of Anaheim, California for its Comprehensive Annual for Excellence Financial Report for the fiscal year ended June 30, 2010. The Certificate of Achievement is a prestigious national award in Financial recognizing conformance with the highest standards for Reporting preparation of state and local government financial reports.
Presented to In order to be awarded a Certificate of Achievement, a City of Anaheim governmental unit must publish an easily readable and efficiently organized Comprehensive Annual Financial California Report, whose contents conform to program standards. Such reports must satisfy both generally accepted accounting For its Comprehensive Annual principles and applicable legal requirements.
Financial Report for the Fiscal Year Ended A Certificate of Achievement is valid for a period of one year June 30,2010 only. We believe our current report continues to conform to A Certificate of Achievement for Excellence in Financial Reporting is presented by the Government Finance Officers Certificate of Achievement program requirements, and we Association of the United States and Canada to are submitting it to GFOA.
government units and public employee retirement systems whose comprehensive annual financial reports (CAFRs) achieve the highest standards in government accounting and financial reporting.
!M President Executive Director 5
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CITY OF ANAHEIM 2
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CITY OF ANAHEIM Administrative Personnel December 14, 2011 Acting City Manager Bob Wingenroth Deputy City Manager-Administration Greg Garcia Chief of Police John Welter City Attorney Cristina L. Talley City Clerk Linda N. Andal City Treasurer Henry W. Stern Acting Community Development Executive Director John E. Woodhead IV Community Services Director Terry D. Lowe Convention, Sports & Entertainment Executive Director Thomas Morton Acting Finance Director Deborah A. Moreno Fire Chief Randy R. Bruegman Human Resources Director Kristine Ridge Planning Director Sheri Vander Dussen Public Utilities General Manager Marcie L. Edwards Public Works Director Natalie Meeks 8
FINANCIAL SECTION Ir FINANCIAL SECTION
LA Mmb- KPMG LLP Suite 700 20 Pacifica Irvine, CA 92618-3391 Independent Auditors' Report The Honorable Mayor and City Council financial reporting and on our tests of its compliance with certain provisions of laws, City of Anaheim, California: regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial We have audited the accompanying financial statements of the governmental reporting and compliance and the results of that testing, and not to provide an activities, the business type activities, each major fund, and the aggregate remaining opinion on the internal control over financial reporting or on compliance. That report fund information of the City of Anaheim, California (the City) as of and for the year is an integral part of an audit performed in accordance with Government Auditing ended lune 30, 2011, which collectively comprise the City's basic financial Standards and should be considered in assessing the results of our audit.
statements as listed in the table of contents. These financial statements are the responsibility of the City's management. Our responsibility is to express opinions on As discussed in note 1 to the financial statements, the City adopted Government these financial statements based on our audit. Accounting Standards Board Statement No. 54, Fund Balance Reporting and Governmental Fund Type Definitions.Application of this statement is effective as of We conducted our audit in accordance with auditing standards generally accepted July 1, 2010.
in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of Management's Discussion and Analysis on pages 11 through 19 and the pension plan the United States. Those standards require that we plan and perform the audit to supplementary information on page 75 are not required parts of the basic financial obtain reasonable assurance about whether the financial statements are free of statements but are supplementary information required by U.S. generally accepted material misstatement. An audit includes consideration of internal control over accounting principles. We have applied certain limited procedures, which consisted financial reporting as a basis for designing audit procedures that are appropriate in principally of inquiries of management regarding the methods of measurement and the circumstances, but not for the purpose of expressing an opinion on the presentation of the required supplementary information. However, we did not audit effectiveness of the City's internal control over financial reporting. Accordingly, we the information and express no opinion on it.
express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the Our audit was conducted for the purpose of forming opinions on the financial accounting principles used and significant estimates made by management, as well statements that collectively comprise the City's basic financial statements. The as evaluating the overall financial statement presentation. We believe that our audit accompanying introductory section, combining individual fund statements and provides a reasonable basis for our opinions. schedules, and the statistical section as listed in the table of contents are presented for purposes of additional analysis and are not a required part of the basic financial In our opinion, the financial statements referred to above present fairly, in all material statements. The combining individual fund statements and schedules have been respects, the respective financial position of the governmental activities, the business subjected to the auditing procedures applied in the audit of the basic financial type activities, each major fund, and the aggregate remaining fund information of the statements and, in our opinion, are fairly stated in all material respects in relation to City of Anaheim, California as of June 30, 2011, and the respective changes in the basic financial statements taken as a whole. The introductory section and financial position and where applicable, cash flows thereof and the respective statistical section have not been subjected to the auditing procedures applied in the budgetary comparison for the General and Housing Authority Funds for the year then audit of the basic financial statements, and accordingly, we express no opinion on ended in conformity with U.S. generally accepted accounting principles. them.
In accordance with Government Auditing Standards, we have also issued our report dated December 14, 2011 on our consideration of the City's internal control over C LL-P December 14, 2011 KPNAG LLP., . DA-- Nbifily 1.ý hip. thl, LlS hr lir,,. w KPMG 0,q-,li- ('KPNIGI.,l- I',. .. S,,i,, Mily 9
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MANAGEMENT'S DISCUSSION AND ANALYSIS MANAGEMENTS
.... DISCUSSION*
AND ANALYSIS ,.,
CITY OF ANAHEIM private-sector business. Under the full accrual method of accounting, transactions are Management's Discussion and Analysis reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, assets, liabilities, revenues and expenses are (Unaudited) reported in these statements for some items that will only result in cash flows in future fiscal periods (e.g. uncollected revenues and accrued but unpaid interest expense).
As management of the City of Anaheim (City), we offer readers of the City's basic financial statements this narrative overview and analysis of the financial activities of The Statement of Net Assets presents information on all of the City's assets and the City as of and for the fiscal year ended June 30, 2011. We encourage readers to liabilities, including capital assets and long-term liabilities, with the difference consider the information presented here in conjunction with additional information between the two reported as net assets. Over time, increases or decreases in net assets that we have furnished in our letter of transmittal, which can be found in the may serve as a useful indicator of whether the financial position of the City as a whole introductory section of this report and the City's basic financial statements in the is improving or deteriorating.
financial section of this report. All amounts, unless otherwise indicated, are expressed in thousands of dollars.
The Statement of Activities presents information showing how the City's net assets changed during the most recent fiscal year. Functional activities are highlighted in this OVERVIEW OF THE BASIC FINANCIAL STATEMENTS statement, whereby direct and indirect functional costs are shown net of related This discussion and analysis are intended to serve as an introduction to the City's program revenue. This statement shows the extent to which the various functions depend on general taxes and non-program revenues for support.
basic financial statements. The City's basic financial statements are comprised of three components: 1) government-wide financial statements, 2) fund financial The government-wide financial statements distinguish functions of the City that are statements, and 3) notes to financial statements. This report also contains other principally supported by taxes and intergovernmental revenues (governmental supplementary information in addition to the basic financial statements themselves.
activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business-type activities). The COMPONENTS OF governmental activities of the City include general government, police, fire, THE ANNUAL FINANCIAL REPORT community development, planning, public works, community services, public utilities (street lighting), convention, sports and entertainment (Visitor and Convention Bureau and the Honda Center), and interest on related long-term debt. The business-Management's Basic Financial type activities of the City include an electric and water utility, sanitation, golf courses, onaysis Statemeants and convention, sports and entertainment venues (Anaheim Convention Center, Analysis Angel Stadium of Anaheim, and The Grove of Anaheim) operations.
The government-wide financial statements include not only the City itself, but also the Anaheim Housing Authority, Anaheim Redevelopment Agency, Community Center Authority, Anaheim Public Improvement Corporation, and Anaheim Public Financing Authority. Although these entities are legally separate, they function for all practical purposes as a part of the City, and therefore have been included as blended component units as an integral part of the primary government.
Summary 4 0 Detail The government-wide financial statements can be found on pages 21-23 of this report.
Government-wide financial statements. The government-wide financial statements are comprised of the Statement of Net Assets and the Statement of Activities. These Fund financial statements. The fund financial statements focus on current available two statements are designed to provide readers with a broad overview of the City's resources and are organized and operated on the basis of funds, each of which is finances utilizing the full accrual method of accounting, in a manner similar to a defined as a fiscal and accounting entity with a self-balancing set of accounts, 11
CITY OF ANAHEIM established for the purpose of carrying on specific activities or attaining certain Proprietary funds. The City maintains two different types of proprietary funds.
objectives in accordance with special regulations, restrictions or limitations. All of the Enterprise funds are used to report the same functions presented as business-type funds of the City can be divided into three categories: governmental funds, activities in the government-wide financial statements. The City uses its enterprise proprietary funds, and fiduciary funds. funds to account for its electric and water utility, sanitation, golf courses, and convention, sports and entertainment venues operations. Internal service funds are an Governmental funds. Governmental funds are used to account for essentially the accounting device used to accumulate and allocate costs internally among the City's same functions reported as governmental activities in the government-wide financial various functions. The City uses internal service funds to account for its general statements. However, unlike the government-wide financial statements, the benefits and insurance, motorized equipment, information services, and municipal governmental funds financial statements utilize the modified accrual basis of facilities maintenance functions. Because these services predominantly benefit accounting, which focuses on near-term inflow and outflow of spendable resources, governmental rather than business-type functions, they have been included with as well as on balances of spendable resources available at the end of the fiscal year. governmental activities in the government-wide financial statements.
Such information may be useful in evaluating a government's near-term financial requirements. Proprietary funds provide the same type of information as the government-wide financial statements, only in more detail. The proprietary funds financial statements Because the focus of the governmental funds is narrower than that of the government- provide separate information for all of the enterprise funds, which are considered to wide financial statements, it is useful to compare the information presented for the be major funds of the City. Conversely, all of the internal service funds are combined governmental funds with similar information presented for governmental activities in into a single, aggregated presentation in the proprietary funds financial statements.
the government-wide financial statements. By doing so, readers may better Individual fund data for the internal service funds is provided in the form of understand the long-term impact of the government's near-term financing decisions. combining statements elsewhere in this report.
Both the governmental funds Balance Sheet and the governmental funds Statement of Revenues, Expenditures and Changes in Fund Balances provide a reconciliation to The proprietary funds financial statements can be found on pages 31-35 of this report.
facilitate this comparison between governmental funds and governmental activities.
Fiduciary funds. Fiduciary funds are used to account for resources held for the benefit The City maintains 21 individual governmental funds. Information is presented of parties outside the government. Fiduciary funds are not reflected in the separately in the governmental funds Balance Sheet and in the governmental funds government-wide financial statements because the resources of those funds are not Statement of Revenues, Expenditures and Changes in Fund Balances for the General available to support the City's own programs.
Fund and Housing Authority Special Revenue Fund, both of which are considered to be major funds. Data for the other 19 governmental funds are combined into a single, The fiduciary fund financial statements can be found on page 37-39 of this report.
aggregated presentation. Individual fund data for each of these nonmajor governmental funds is provided in the form of supplementary combining statements Notes to the financial statements. The notes provide additional information that is on pages 77-82, 88-89, and 92-93 of this report. essential to a full understanding of the data provided in the governnment-wide and fund financial statements. The notes to the financial statements can be found on pages The City adopts an annually appropriated budget for all governmental and proprietary 41-73 of this report.
funds. Budgetary comparison statements for the General Fund and the major special revenue fund (Housing Authority) are required to be presented and are included in Other supplementary information. In addition to the basic financial statements and the basic financial statenients on pages 29-30 of this report. Additionally, budgetary accompanying notes, this report also presents combining individual fund statements schedules for the other governmental funds have been provided to demonstrate referred to earlier in connection with nonmajor governmental funds and internal compliance with the budget and can be found as part of other supplementary service funds. Also included are the budgetary comparison Schedules of Revenues, schedules on pages 83-87, 90-91, and 94-96 of this report. Expenditures and Changes in Fund Balances for all nonmajor special revenue funds, all debt service funds, and all capital projects funds. These statements anrd schedules The governmental funds financial statements can be found on pages 25-28 of this can be found on pages77-100 of this report.
report.
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CITY OF ANAHEIM FINANCIAL HIGHLIGHTS (Amounts in thousands) " The City's total capital assets increased by $72,307 (3%) and were approximately equal between governmental activities and business-type activities during the
" The City's net assets increased as a result of this year's operations. Net Assets of current fiscal year.
the City's governmental activities increased $66,880 (8%) and business-type activities net assets increased $13,873 (0%).
- The City's total long-term liabilities increased by $136,734 (7%) during the current fiscal year.
" At the end of the current fiscal year, spendable, unassigned fund balance for the General Fund was $22,139, or 9% of the total General Fund expenditures.
GOVERNMENT-WIDE FINANCIAL ANALYSIS NET ASSETS JUNE 30, 2011 AND 2010 Governmental Business-type Total Activities Activities Government 2011 2010 2011 2010 2011 2010 Current and other assets $ 527,558 $ 474,725 $ 636,071 $ 552,271 $1,163,629 $1,026,996 Capital assets, net 1,358,080 1,323,901 1,528,979 1,490,851 2,887,059 2,814,752 Total assets 1,885,638 1,798,626 2,165,050 2,043,122 4,050,688 3,841,748 Other liabilities 67,465 58,715 104,255 121,552 171,720 180,267 Long-temi liabilities 926,247 914,865 1,104,549 979,197 2,030,796 1,894,062 Total liabilities 993,712 973,580 1,208,804 1,100,749 2,202,516 2,074,329 Net assets:
Invested in capital assets, net of related debt 834,337 795,579 786,175 762,236 1,620,512 1,557,815 Restricted 182,011 150,750 54,626 49,325 236,637 200,075 Unrestricted (deficit) (124,422) (121,283) 115,445 130,812 (8,977) 9,529 Total net assets $ 891,926 $ 825,046 $ 956,246 $ 942,373 $1,848,172 $1,767,419 By far the largest portion of the City's net assets (88%) reflects its investment in capital offsets the governmental activities unrestricted net deficit of $124,422. The Anaheim assets (e.g. land, buildings, utility plant, machinery, equipment, and infrastructure), Redevelopment Agency (Redevelopment Agency), a blended component unit of the net of any related outstanding debt, used to acquire those assets. The City uses these City, represents $144,283 of the deficit in unrestricted net assets. The Redevelopment assets to provide services to citizens; consequently, these assets are not available for Agency was established for the purpose of promoting economic revitalization and future spending. Although the City's investment in capital assets is reported net of eliminating blight within the designated project area of the City. Often these activities related debt, it should be noted that the resources needed to repay this debt must be do not result in residual assets, but rather underwrite the cost of a development provided from other sources, since the capital assets themselves cannot be used to activity deemed beneficial in meeting the Redevelopment Agency's objectives. The liquidate these liabilities. resulting Statement of Net Assets reflects the debt obligation to be repaid through future tax revenues, without an offsetting asset. While this is a routine function of such An additional portion of the City's net assets (12%) represents resources that are an entity, when blended with the City, its deficit of unrestricted net assets causes the subject to external restriction on how they may be used. The unrestricted net assets governmental activities to report a consolidated deficit position.
deficit of $8,977 consists of business-type net assets of $115,445, which partially 13
CITY OF ANAHEIM CHANGE IN NET ASSETS YEAR ENDED JUNE 30, 2011 AND 2010 Governmental Business-type Total Activities Activities Government 2011 2010 2011 2010 2011 2010 REVENUES Program revenues:
Charges for services $ 54,448 $ 47,345 $526,145 $525,743 $ 580,593 $ 573,088 Operating grants and contributions 124,358 120,900 746 1,990 125,104 122,890 Capital grants and contributions 70,080 31,828 12,667 5,622 82,747 37,450 General revenues:
Taxes:
Property taxes 106,093 107,420 106,093 107,420 Sales and use taxes 54,711 52,045 54,711 52,045 Transient occupancy taxes 82,605 77,139 82,605 77,139 Motor vehicle license fees 1,783 1,026 1,783 1,026 Other taxes 7,288 7,288 7,288 7,288 Unrestricted investment earnings 3,667 7,012 9,617 15,825 13,284 22,837 Other 614 1,175 614 1,175 Total revenues 505,647 453,178 549,175 549,180 1,054,822 1,002,358 EXPENSES Program activities:
Governmental activities:
General government 10,911 10,917 10,911 10,917 Police 119,504 125,121 119,504 125,121 Fire 56,393 58,229 56,393 58,229 Community Development 105,937 117,621 105,937 117,621 Planning 15,627 16,822 15,627 16,822 Public Works 44,109 39,017 44,109 39,017 Community Services 30,958 35,372 30,958 35,372 Public Utilities 2,218 1,952 2,218 1,952 Convention, Sports and Entertainment 13,633 9,931 13,633 9,931 Interest on long-term debt 48,014 47,694 48,014 47,694 Business-type activities:
Electric Utility 371,689 375,491 371,689 375,491 Water Utility 56,249 55,514 56,249 55,514 Sanitation 49,864 50,540 49,864 50,540 Golf Courses 4,256 4,436 4,256 4,436 Convention, Sports and Entertainment Venues 44,707 46,143 44,707 46,143 Total expenses 447,304 462,676 526,765 532,124 974,069 994,800 Excess (deficiency) before transfers 58,343 (9,498) 22,410 17,056 80,753 7,558 Transfers in (out) 8,537 19,602 (8,537) (19,602)
Increase (decrease) in net assets 66,880 10,104 13,873 (2,546) 80,753 7,558 Net assets at beginning of year, as previously reported 825,046 814,942 942,373 944,919 1,767,419 1,759,861 Net assets at end of year $891,926 $825,046 $956,246 $942,373 $1,848,172 $1,767,419 14
CITY OF ANAHEIM REVENUES BY SOURCE - Governmenlal activities. The most significant revenues of the governmental activities GOVERNMENTAL ACTIVITIES 49 are general taxes ( %), which include property taxes (21%), sales and use taxes 1
(H %), transient occupancy taxes (I16%), other taxes (I W), and motor vehicle license Unresir icted investment e arnings Ot fees (VLF) (less than 1%). Program revenues are 50% of the total revenues of the Other taxes 1% 1 i' 1%
governmental activities, which include charges for services (I I%), operating grants Charges for services and contributions (25%), and capital grants and contributions (144%).
Motor vehicle license fees 11%
<1%
Transientoccupancy taxes i A Public safety (police and fire) expenses are the most significant (39"%) of all 16%
contributions governmental activities expenses, followed by community development (24%),
1 25%
Sales and use taxes interest on long-term debt (I 1%), public works (1 0%), Community Services (77%) and 11% 9 various other programs ( %). Included in these amounts is depreciation expense, 6
which is % of the total expenses for governmental activities.
Property taxes
\-Capital grants and Governmental activities revenues increased $52,469 (12%) in the current fiscal year.
21%
contributions 14% Taxes increased $7,562 (3%) of which transient occupancy tax (TOT) increased
$5,466 (7/,,) due to higher hotel occupancy and increased room rates in an improving tourism and leisure industry; sales and use tax increased by $2,666 (7%)
EXPENSES AND PROGRAM REVENUES - as a result of higher gas prices, increased new car sales and general improvement GOVERNMENTAL ACTIVITIES 15 across most business sectors. Charges for services increased $7,103 ( %) primarily due to special assessments generated from the new Anaheim Tourism Improvement
$140.000 District of $5,539. Operating grants increased by $3,458 (3%) mainly due to an
$120.000 increase in Urban Area Security Initiative (UASI) grant reimbursement. Capital grants and contributions increased by $38,252 (120%) primarily due to one-time developer contributions of $41,007 for the Platinum Triangle infrastructure developments.
These revenue increases are partially offset by a decrease in unrestricted interest 150.000 earnings of $3,345 (481%) due to lower unrealized investment gain in the current fiscal year.
$40,000 Governmental activities net transfers in decreased $11,065 (56%) primarily due to one-time transfers out of capital assets funded by grants and developer fees in the
$0 01_1' ide' 0~~
amount of $8,414 from the governmental activities to the business-type activities and
.,* ,* *s-* ,,,,"
'0 partially offset by a one-time reduction of $6,000 to the Convention, Sports and d"
.0' Entertainment Venues in the prior fiscal year. Additional information regarding
,0 transfers can be found in note 3 of the notes to the financial statements on page 52-
. PO.An - r
-un E,p-53 of this report.
15
CITY OF ANAHEIM REVENUES BY SOURCE - Governmental activities expenses decreased $15,372 (3%) in the current fiscal year.
BUSINESS-TYPE ACTIVITIES The decrease in expenses were primarily due to decreases from Community Development of $11,684 (10%), Public Safety of $7,453 (7%), Community Services UnreWsiotedinvetment of $4,414 (12%), partially offset by increases from Public Works of $5,092 (13%) and earnings Convention, Sports and Entertainment Venues of $3,702 (37%).
Capitalgrantsand-conrihutimns 2% " The decrease in Community Development expenses was mainly due to the Operatnggrats and reduced Supplemental Education Revenue Augmentation Fund (SERAF)
_ontsibutions
<1%% payments to the State of California of $12,619. In fiscal year 2011, the Anaheim Redevelopment Agency was required to contribute $3,272 compared to the
$15,891 payment required in the prior fiscal year.
- The decreases in Public Safety and Community Services expenses were primarily due to managed savings due to resource constraints from the continued effects of the economic downturn.
9Charges on services 9ts%
- The increase in Public Works expenses was mainly the result of the deferral of certain street maintenance projects in the prior fiscal year due to the uncertainty of gas tax allocations from the State of California.
EXPENSES AND PROGRAM REVENUES -
BUSINESS-TYPE ACTIVITIES
- The increase in Convention, Sports and Entertainment expenses is primarily due to one-time funding of $2,250 to the Anaheim/Orange County Visitor and
$400,0001- Convention Bureau for an opportunity fund to attract and retain business at the Anaheim Convention Center. This funding became available with the formation S3S0,OottO of the Anaheim Tourism Improvement District (ATID) and the associated special assessments that were approved by the local hotel community to enhance
$300.00t-g tourism and increase hotel stays.
$25g,Og -t_
Business-type activities. Business-type activities increased the City's net assets by
$13,873. Key elements of this change are as follows:
s20oo0WI-Charges for services of $526,145 increased $402 (less than 1%). The increase in
$150,000 charges for services was primarily due to an increase from the Electric Utility of
$4,109 (1%) partially offset by a decrease from Convention, Sports and Entertainment Venues of $2,816 (9%).
$ioogg0o f-The increase in the Electric Utility charges for services is partly due to increased
$50,000 t- 6 retail sales revenue of $17,555 ( %). In response to sustained increased power costs, the City Council increased electric billing base rates by 5%. Additionally, El-cri, Ufil~ty StaerUility G.If C.- C--tim, Sl-' ,nd surplus natural gas sales increased $6,600 (2 6 4 %) mainly due to unplanned O N~g-an - nan - *Operse EtenxnmetV,-
outages at the Magnolia and Combustion Turbine plants, less purchases gas was used for both plants in this fiscal year. Transmission revenues increased $2,058 (9 %) mainly due to the increased statewide transmission demand and rates set by the California Independent System Operator (CAISO). The increase in the Electric 16
CITY OF ANAHEIM Utility charges for services is partially offset by decreases in wholesale sales FINANCIAL ANALYSIS OF THE CITY'S FUNDS revenues $14,370 (41%) caused by the wholesale volume decline of 32% and wholesale average price drop of 12% in the market; additionally, the Rate Governmental funds. The focus of the City's governmental funds is to provide Stabilization Account (RSA) revenues that are recognized to meet debt service information on near-term inflows, outflows, and balances of spendable resources.
coverage ratios to maintain bond ratings decreased by $8,700 (28%) with the Such information is useful in assessing the City's financing requirements. In particular, increases in retail and surplus natural gas sales. Additional information on the unassigned fund balance may serve as a useful measure of a government's net RSA can be found in the Regulatory Credits section of note 1 of the notes to the resources available for spending at the end of the fiscal year.
financial statements, on pages 46 of this report.
As of the end of the current fiscal year, the City's governmental funds reported total The decrease in Convention, Sports and Entertainment Venues charges for ending fund balances of $260,003, an increase of $32,754 in comparison with the services is primarily due to the continued impacts of the economic downturn that prior fiscal year. The increase was primarily due to unspent developer contributions have resulted in decreased facilities rental of $1,989 (8%), from a decrease in the ($33,032) for the Platinum Triangle infrastructure developments. Of the total fund number of larger convention and trade shows and reduced space utilization. This balance of $260,003, restricted fund balance totaled $234,544 and indicates the use decrease also impacted food and beverage revenues, resulting in a decrease in of resources are constrained by external parties, resource providers, constitutions or concession fees of $943 (06%). enabling legislations. Fund balance of $145,990 was restricted for capital projects,
$67,363 was restricted for debt service, and $21,191 was restricted for various grant Transfers out of $8,537 decreased by $1 1,065 (56%) as discussed in the government- programs. Assigned fund balance totaled $33,314, of which $15,490 was assigned wide financial analysis of governmental activities. to debt service, $17,243 was assigned to capital and housing projects, and $581 was assigned for other purposes. Nonspendable fund balance of $4,299 represents Total expenses of $526,765 decreased $5,359 (1%).The decrease is primarily due to financial resources that are not anticipated to be liquidated in the near-term. The decreases of $3,802 (1I%) in Electric Utilities and $1,436 (3%) in the Convention, remaining fund balance deficit of $12,154 is unassigned and includes the unassigned Sports and Entertainment Venues. fund balance of the General Fund of $22,193 and the unassigned fund balance deficit of the nonmajor governmental funds of $34,293. The unassigned fund balance
" The decrease in the Electric Utility expenses is partly attributable to the decrease deficit of the nonmajor governmental funds will be eliminated in future years by the in fuel and generation expenses of $5,060 (19%) due to decreases of $3,354 in receipt of various grant revenues.
decommissioning expenses for San Onofre Nuclear Generating Station (SONGS) operations and $1,957 in operation and maintenance expenses for the General Fund revenues were $12,896 (6%) greater than the prior fiscal year primarily Combustion Turbine. The decrease in decommissioning expenses is due to less due to an increase in taxes of $1 1,815 ( 6 %). Due to an improvement in the overall interest income available that is required to be contributed to the economy, sales and use taxes increased $6,824 (14%) and transient occupancy taxes decommissioning reserve fund in a trust account. The decrease in operation and increased $5,466 (7%). Additionally, intergovernmental revenues increased by maintenance expenses for the Combustion Turbine plant is due to less natural gas $1,179 (30%), primarily clue to one-time revenues. General Fund expenditures expenses as a result of the unplanned outage in this fiscal year. This decrease is decreased $4,523 (2%) due to managed savings.
partially offset by an increase in purchased power costs of $3,313 (1%), primarily due to purchased power from the renewal market, as the City Council has The Housing Authority Fund revenues increased by $518 (1%). There were no committed to increase the amount of renewable energy in the resource mix to significant or unusual changes in revenue. Housing Authority expenditures increased 20% by 2015. by $2,366 (3%). This increase in expenditures is primarily due to increased U.S.
Housing and Urban Development (HUD) Section 8 rental assistance of $1,600 in
- The decrease in the Convention, Sports and Entertainment Venues expenses is order to match rental subsidies to available funding from HUD, which resulted in an mainly attributable to managed savings and reduced demand for services caused average of 65 more families assisted per month, and increased capital outlay for land by the decreased numbers of conventions and trade shows. acquisitions of $1,131 for the development of the Avon Dakota neighborhood revitalization project.
Proprietary funds. The City's proprietary funds provide the same type of information found in the government-wide financial statements, but in more detail.
17
CITY OF ANAHEIM The Electric Utility's fund net assets increased $8,147 (3%) in the current fiscal year. GENERAL FUND BUDGETARY HIGHLIGHTS The most significant factors of the change in fund net assets are discussed in the government-wide financial analysis of business-type activities. During the year the original budget was amended to increase appropriations by $505 (less than 1%). The increase in appropriations was primarily the result of the carryover The Water Utility's fund net assets decreased $690 (less than 1%) in the current fiscal of prior year appropriations amounting to $276. These and other minor amendments year. There were no significant or unusual changes. were approved during the year and were to be funded primarily from fund balance.
Sanitation's fund net assets increased $8,156 (8%) in the current fiscal year. There General Fund revenues of $245,328 were greater than budgeted revenues of were no significant or unusual changes. $238,446 by $6,882 (3%), primarily due to stronger than anticipated performance of sales and use taxes and transient occupancy taxes.
The Golf Courses' fund net assets decreased $181 (30/,) in the fiscal current year.
There were no significant or unusual changes. General Fund expenditures were less than budgeted. Of the total appropriations of
$250,173, approximately 4%, or $8,934, went unspent. Expenditure reductions were The Convention, Sports and Entertainment Venues fund net assets decreased $2,164 managed to reduce the reliance on reserves, while working toward a structurally (less than 1%) in the current fiscal year. The prolonged economic downturn has balanced budget where ongoing revenues are sufficient to cover ongoing continued to result in a decrease of fund net assets, as previously discussed in the expenditures. There were no unusual variances.
government-wide financial analysis of business-type activities.
CAPITAL ASSETS AND DEBT ADMINISTRATION CAPITAL ASSETS (net of accumulated depreciation)
JUNE 30, 2011 AND 2010 Governmental Business-type Tota I Activities Activities Government 2011 2010 2011 2010 2011 2010 Land $ 616,994 $ 606,985 $ 58,369 $ 58,369 $ 675,363 $ 665,354 Construction in Progress 80,054 55,550 58,560 81,286 138,614 136,836 Buildings, structures and improvements 203,740 206,633 385,574 387,165 589,314 593,798 Utility plant 1,013,805 952,003 1,013,805 952,003 Machinery and equipment 33,087 35,891 12,671 12,028 45,758 47,919 Infrastructure 424,205 418,842 424,205 418,842 Total $1,358,080 $1,323,901 $1,528,979 $1,490,851 $2,887,059 $2,814,752 Capital assets. The City's investment in capital assets for its governmental and primarily due to an increase in the Electric Utility of $24,687 (3%), which includes business-type activities at June 30, 2011 amounted to $2,887,059 (net of the expansion or improvement of existing substations, transmission and distribution accumulated depreciation). This investment in capital assets included land, systems, and the replacement of aging overhead electrical lines with underground construction in progress, buildings, structures and improvements, utility plant, facilities and upgrading equipment for San Juan and Combustion Turbine plants; an machinery and equipment, and infrastructure. The total increase over the prior fiscal increase in the Water Utility of $9,040 (3%) for expansion and refurbishment of water year was 3%, of which governmental activities increased 3% and business-type transmission and distribution infrastructure and wells; and an increase in Sanitation activities increased 3%. The increase in governmental activities is primarily due to the of $11,139 (14%) which includes replacement of automated collection vehicles and addition of renovations of the Central Library, the historic Packing House, sanitary sewer improvements.
developments in Colony Park, Mother Colony Park, the Anaheim Coves recreation area at Burris Basin, the Anaheim Regional Transportation Intermodal Center (ARTIC), Additional information on the City's capital assets can be found in note 5 of the notes the Anaheim Fixed Guideway project, public infrastructure, and right-of-way to the financial statements, on pages 53-54 of this report.
acquisitions for street-widening projects. The increase in business-type activities is 18
CITY OF ANAHEIM LONG-TERM LIABILITIES JUNE 30, 2011 AND 2010 Governmental Business-type Total Activities Activities Government 2011 2010 2011 2010 2011 2010 General obligation bonds $ 3,735 $ 4,255 $ 3,735 $ 4,255 Revenue bonds 609,683 605,252 $ 908,683 $805,925 1,518,366 1,411,177 Tax allocation bonds 208,169 200,997 208,169 200,997 Certificates of participation 12,070 12,990 38,000 38,000 50,070 50,990 Capital lease obligations 2,341 2,605 2,341 2,605 Notes and loans payable 34,566 29,094 30,519 11,379 65,085 40,473 Self-insurance 35,405 37,756 35,405 37,756 Compensated absences 19,558 20,037 19,558 20,037 Pollution remediation obligation 720 1,879 720 1,879 Decommissioning provision 127,347 123,893 127,347 123,893 Total $926,247 $914,865 $1,104,549 $979,197 $2,030,796 $1,894,062 Long-term liabilities. The City's outstanding long-term liabilities, including bonds, significant increase in the liability and the contributions required to meet those certificates of participation, capital leases, notes and loans payable, self-insurance, obligations. The Governmental Accounting Standards Board also has issued an compensated absences, pollution remediation obligation, and the provision for Exposure Draft related to the accounting and reporting for pensions which is decommissioning costs totaled $2,030,793 at June 30, 2011. Of this total, $926,244 expected to be finalized in 2012. The impact of adopting this accounting (46%) was in governmental activities and $1,104,549 (54%) was in business-type standard and the possible required changes to the discount rate used by the activities. The City's outstanding long-term liabilities increased $136,731 (7%) in City will be evaluated once the official accounting standard is issued.
fiscal year 2011. The increase is primarily clue to the business-type activities issuance Additional information about the City's retirement plans can be found in note of debt by the Electric Utility, Water Utility, and Convention, Sports and Entertainment 10 of the notes to the financial statements on pages 65-67 of this report.
Venues in the amount of $90,390, $34,525 and $20,000, respectively, partially offset
" For the 2012 fiscal year, the City appropriated $236,599 in estimated available by principal payments of $26,351. The Electric Utility and Water Utility issued debt resources of $253,546 for General Fund for spending. This leaves to finance additional distribution system assets to improve overall system reliability, approximately $16,947 in estimated available reserves, which is 7% of public safety and to provide sufficient capacity for anticipated growth. The General Fund appropriations. The City's long-standing policy is to maintain Convention, Sports and Entertainment Venues fund issued debt to finance the Grand Plaza that will create a pedestrian plaza at the Anaheim Convention Center with up General Fund reserves of at least 7% to 10% of annual appropriations.
to 100,000 square feet of outdoor programmable space.
- The City annually reviews all of its fees as part of the budget adoption process.
Additional information on the City's long-term liabilities can be found in notes 6, 7, Developer, construction, and other fees applicable to residents and developers doing business with the City are adjusted in June of each year, generally by the and 9 of the notes to the financial statements, on pages 54-64, and 65 of this report.
average of Consumer Price Index (CPI). Although CPI for 12 months was 1.8 in ECONOMIC FACTORS January 2011, in light of the current economic environment, most fees were not increased.
Recently there have been a significant number of articles throughout the nation focusing on public pensions and their sustainability. Many assumptions REQUESTS FOR INFORMATION are used to estimate the ultimate liability of pensions and the contributions that This financial report is designed to provide a general overview of the City's finances will be required to meet those obligations. One of the most significant factors for all those with an interest in the government's finances. Questions concerning any used in determining the liability and the funding requirements is the rate of of the information provided in this report or requests for additional information return that investments will yield prior to making payments, known as the should be addressed to the Office of the Finance Director, City of Anaheim, 200 discount rate. The City's pension plans utilize a discount rate of 7.759/6 in South Anaheim Boulevard, Suite 643, Anaheim, California, 92805.
determining the pension liability and funding requirements. Ifit is determined that a lesser rate of return is more appropriate in the future, there may be a 19
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BASIC FINANCIAL STATEMENTS BASIC FINANCIAL "STATEMENTS
CITY OF ANAHEIM Statement of Net Assets June 30, 2011 (Inthousands)
Governmental Business-type Activities Activities Total ASSETS Cash and cash equivalents $ 86,837 $ 41,824 $ 128,661 Investments 122,045 57,112 179,157 Accounts receivable, net 13,944 56,256 70,200 Accrued interest receivable 920 2,209 3,138 Internal balances, net 15,647 (15,647)
Due from other governments 53,641 53,641 Notes receivable, net 65,949 65,949 Inventories 995 10,150 11,145 Land held for resale, net 43,305 43,305 Prepaid and other assets 6,270 63,940 70,210 Restricted cash and cash equivalents 44,408 148,721 193,129 Restricted investments 56,473 252,378 308,851 Unamortized debt issuance costs 7,486 8,566 16,052 Bond payment receivable 10,445 10,445 Pipeline receivable 117 117 Net other post-employment benefits (OPEB) asset 9,629 9,629 Capital assets, net:
Nondepreciable 697,048 116,929 813,977 Depreciable 661,032 1,412,050 2,073,082 Total assets 1,885,638 2,165,050 4,050,688 LIABILITIES Accounts payable 31,078 31,376 62,454 Wages payable 8,778 1,964 10,742 Due to other governments 3,624 3,624 Interest payable 13,679 11,582 25,261 Arbitrage rebate liability 534 534 Deposits 6,458 6,147 12,605 Regulatory credits 52,250 52,250 Unearned revenues 3,848 402 4,250 Long-term liabilities:
Due within one year 41,146 32,455 73,601 Due in more than one year 885,101 1,072,094 1,957,195 Total liabilities 993,712 1,208,804 2,202,516 NET ASSETS Invested in capital assets, net of related debt 834,337 786,175 1,620,512 Restricted for:
Debt service 1,048 16,055 17,103 Capital projects 65,373 33,737 99,110 Community development 77,085 77,085 Streets, roads and transportation improvement projects 24,160 24,160 Grant purposes 14,345 4,834 19,179 Unrestricted (deficit) (124,422) 115,445 (8,977)
Total net assets $ 891,926 $ 956,246 $1,848,172 The accompanying notes are an integral part of these financial statements. 21
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CITY OF ANAHEIM Statement of Activities Year Ended June 30, 2011 (Inthousands)
Net (Expense) Revenue and Program Revenues Chanues in Net Assets Indirect Operating Capital Expense Charges for Grants and Grants and Governmental Business-type Functions/Programs Expsenses Allocation Services Contributions Contributions Activities Activities Total Governmental activities:
General government $ 23,527 $012,616) $ 1,872 $ 597 $ (8,442) $ (8,442)
Police 116,056 3,448 10,435 13,305 (95,764t (95,764)
Fire 56,238 155 9,518 964 (45,911) (45,911)
Community Development 104,849 1,088 8,143 91,148 (6,6461 (6,646)
Planning 14,633 994 6,263 2,286 (7,078) (7,078)
Puhlic Works 43,866 243 9,837 14,125 $65,443 45,296 45,296 Community Services 30,304 654 4,024 1,933 2,249 (22,752) (22,752)
Public Utilities 2,218 (2,2 181 (2,218)
Convention, Sports and Entertainment 13,310 323 4,356 2,388 (6,889) (6,889)
Interest on long-term debt 48,014 (48,0141 (48,014)
Total governmental activities 453,015 (5,7111 54,448 124,358 70,080 (198,418) (198,418)
Business-type activities:
Electric Utility 368,778 2,911 381,496 5,975 15,782 15,782 Water Utility 55,330 919 55,598 2,862 2,211 2,211 Sanitation 49,435 429 56,359 92 839 7,426 7,426 Golf Courses 4,095 161 4,711 455 455 Convention, Sports and Entertainment Venues 43,416 1,291 27,981 654 2,991 (13,081) (13,081)
Total business-type activities 521,054 5,711 526,145 746 12,667 12,793 12,793 Total government $974,069 $ $580,593 $125,104 $82,747 (198,4181 12,793 (185,625)
General revenues:
Taxes:
Property taxes 106,093 106,093 Sales and use taxes 54,711 54,711 Transient occupancy taxes 82,605 82,605 Motor vehicle license fees 1,783 1,783 Other taxes 7,288 7,288 Unrestricted investment earnings 3,667 9,617 13,284 Other 614 614 Transfers 8,537 (8,537)
Total general revenues and transfers 265,298 1,080 266,378 Change in net assets 66,880 13,873 80,753 Net assets at beginning of year 825,046 942,373 1,767,419 Net assets at end of year $891,926 $956,246 $1,848,172 The accompanying notes are an integral part of these financial statements. 23
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CITY OF ANAHEIM Balance Sheet Governmental Funds June 30, 2011 (In thousands)
Nonmajor Total Housing Governmental Governmental General Authorify Funds Funds ASSETS Cash and cash equivalents $ 5,711 $ 6,843 $ 38,317 $ 50,871 nvestments 8,027 9,617 53,853 71,497 Accounts receivable, net 10,378 35 1,165 11,578 Accrued interest receivable 41 77 436 554 Notes receivable, net 23,419 42,461 65,880 Due from other funds 9,908 34,104 44,012 Due from other governments 14,724 21 38,896 53,641 Inventories 245 245 Land held for resale, net 43,305 43,305 Prepaid and other assets 230 42 5,940 6,212 Restricted cash and cash equivalents 3,098 40,917 44,015 Restricted investments 56,473 56,473 Total assets $49,264 $43,152 $355,867 $448,283 LIABILITIES AND FUND BALANCES Liabilities:
Accounts payable $ 3,625 $ 483 $ 20,569 $ 24,677 Wages payable 4,653 110 465 5,228 Deposits 3,992 66 2,400 6,458 Due to other funds 82 40,313 40,395 Due to other governments 2,966 658 3,624 Deferred revenues 7,458 24,093 76,347 107,898 Total liabilities 22,776 25,410 140,094 188,280 Fund balances:
Nonspendable:
Interfund receivable 3,151 3,151 Inventory 245 245 Prepaid and other assests 230 42 631 903 Restricted:
Capital projects 490 490 Debt service 67,363 67,363 Development impact projects 62,942 62,942 Grant purposes 582 5,233 5,815 Homebuyer assistance programs 322 7,598 7,920 Low and moderate income housing 27,974 27,974 Redevelopment projects 38,713 38,713 Rental assistance 7,456 7,456 Anaheim resort maintenance and improvement 6,718 6,718 Streets, roads and transportation improvement projects 9,153 9,153 Assigned:
Debt service 15,490 15,490 Capital projects 7,761 7,761 Housing projects 9,482 9,482 Other purposes 141 440 581 Unassigned 22,139 (34,293) (12,154)
Total fund balances 26,488 17,742 215,773 260,003 Total liabilities and fund balances $49,264 $43,152 $355,867 $448,283 The accompanying notes are an integral part of these financial statements.
25
CITY OF ANAHEIM Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Assets June 30, 2011 (In thousands)
Total fund balances - governmental funds $ 260,003 Amounts reported for governmental activities in the Statement of Net Assets are different because:
Capital assets used in the operation of governmental funds are not current financial resources and, therefore, are not reported in the funds. These assets consist of:
Land $616,994 Construction in progress 80,054 Buildings, structures and improvements 316,720 Machinery and equipment 48,636 Infrastructure 741,736 Accumulated depreciation (465,674)
Total capital assets, net 1,338,466 Other long-term assets are not available to pay for current period expenditures and, therefore, are deferred in the funds. 105,374 Unamortized debt issuance costs are not current financial resources and, therefore, are not reported in the funds. 7,486 Internal service funds are used by management to charge the costs of certain activities, such as insurance, employee benefits, and fleet services, to individual funds. The assets and liabilities of the internal service funds are included in governmental activities in the Statement of Net Assets. 63,137 Compensated absences, not otherwise included in the internal service funds, are not due and payable in the current period and, therefore, are not reported in the funds. (238)
Long-term liabilities of governmental funds, including bonds, certificates of participation, notes and loans payable ($868,629), and accrued interest payable ($13,673), are riot due and payable in the current period and, therefore, are riot reported in the funds. (882,302)
Net assets of governmental activities $ 891,926 The accompanying notes are an integral part of these financial statements. 26
CITY OF ANAHEIM Statement of Revenues, Expenditures and Changes in Fund Balances Governmental Funds Year Ended June 30, 2011 (Inthousands)
Nonmajor Total Housing Governmental Governmental Revenues: General Authority Funds Funds Property taxes $ 58,359 $ 47,734 $106,093 Sales and use taxes 55,034 55,034 Transient occupancy taxes 82,605 82,605 Other taxes 6,486 6,486 Licenses, fees and permits 16,831 $ 33 1,908 18,772 Intergovernmental revenues 5,174 75,202 70,018 150,394 Charges for services 14,137 10,271 24,408 Fines, forfeits and penalties 3,304 3,304 Use of money and property 2,696 467 6,996 10,159 Other 702 1,314 622 2,638 Total revenues 245,328 77,016 137,549 459,893 Expenditures:
Current:
City Council 276 276 City Administration 2,376 2,376 City Attorney 5,150 120 5,270 City Clerk 820 820 Human Resources 1,004 1,004 Finance 3,770 23 3,793 City Treasurer 2,516 2,516 Police 104,969 9,709 114,678 Fire 55,077 725 55,802 Community Development 384 72,177 37,577 110,138 Planning 13,036 1,524 14,560 Public Works 17,613 9,474 27,087 Community Services 25,862 1,951 27,813 Public Utilities 2,220 2,220 Convention, Sports and Entertainment 5,945 3,972 9,917 Capital outlay 221 1,131 69,566 70,918 Debt ýervice:
Principal retirement 68 12,151 12,219 Interest charges 27 33,005 33,032 Debt issuance costs 227 227 Total expenditures 241,239 73,403 180,024 494,666 Excess (deficiencv) of revenues over (under) expenditures 4,089 3,613 (42,475) (34,773)
Other financing sources (uses):
Transfers in 34,264 1,303 64,004 99,571 Transfers out (45,447) (150) (41,024) (86,621)
Issuance of bonds 6,570 6,570 Issuance of loan payable 7,000 7,000 Contribution from property owners 41,007 41,007 Total other financing sources (uses) (11,183) 1,153 77,557 67,527 Net change in fund balances (7,094) 4,766 35,082 32,754 Fund balances at beginning of year 33,582 12,976 180,691 227,249 Fund balances at end of year $ 26,488 $17,742 $215,773 $260,003 The accompanying notes are an integral part of these financial statements. 27
CITY OF ANAHEIM Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities Year Ended June 30, 2011 (Inthousands)
Net change in fund balances - total governmental funds $32,754 Amounts reported for governmental activities in the Statement of Activities are different because:
Governmental funds report capital outlay as expenditures. However, in the Statement of Activities the costs of those assets is allocated over their estimated useful lives and reported as depreciation expense. This is the amount by which capital outlay ($70,918) exceeded depreciation ($27,941) in the current period. 42,977 Transfers of capital assets between governmental funds and proprietary funds do not require the use of financial resources and are not reported as transfers in the funds. (8,316)
The net effect of other miscellaneous transactions involving capital assets (i.e., sales, trade-ins, retirements and donations) is to increase net assets. 1,622 Revenues in the Statement of Activities do not provide current financial resources and are not reported as revenues in governmental funds. 985 Proceeds from long-term debt provide current financial resources to governmental funds, but the issuance of debt increases long-term liabilities in the Statement of Net Assets. (13,343)
Payments of principal on long-term debt use current financial resources in the governmental funds but the repayment reduces long-term liabilities in the Statement of Net Assets. 12,219 Certain expenses reported in the Statement of Activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds. (7,516)
Internal service funds are used by management to charge the costs of certain activities, such as insurance, employee benefits, and fleet services, to individual funds. The net expense of the internal service funds is reported with governmental activities. 5,498 Change in net assets of governmental activities $ 66,880 The accompanying notes are an integral part of these financial statements. 28
CITY OF ANAHEIM Statement of Revenues, Expenditures and Changes in Fund Balances Budget and Actual - General Fund Year Ended June 30, 2011 (inthousands)
Original Final Budgeted Budgeted Actual Variance with Amounts Amounts Amounts Final Budget Revenues:
Property taxes $ 58,542 S 58,542 $ 58,359 $ (183)
Sales and use taxes 50,834 50,834 55,034 4,200 Transient occupancy taxes 81,226 81,226 82,605 1,379 Other taxes 6,070 6,070 6,486 416 Licenses, fees and permits 17,773 17,773 16,831 (942)
Intergovernmental revenues 3,407 3,468 5,174 1,706 Charges for services 13,780 13,787 14,137 350 Fines, forfeits and penalties 3,209 3,209 3,304 95 Use of money and property 2,781 2,781 2,696 (85)
Other 824 756 702 (54)
Total revenues 238,446 238,446 245,328 6,882 Expenditures:
City Council 417 417 276 (141)
City Administration 2,983 2,983 2,376 (607)
City Attorney 4,933 5,162 5,150 (12)
City Clerk 970 970 820 (150)
Human Resources 1,004 1,004 1,004 Finance 3,937 3,937 3,770 (167)
City Treasurer 2,685 2,685 2,516 (169)
Police 106,798 106,798 104,992 (1,806)
Fire 55,037 55,077 55,077 Community Development 384 384 384 Planning 13,812 13,925 13,036 (889)
Public Works 19,185 19,185 17,664 (1,521)
Community Services 29,474 29,597 26,009 (3,588)
Public Utilities 2,220 2,220 2,220 Convention, Sports and Entertainment 7,129 7,129 5,945 (1,184)
Total expenditures 250,968 251,473 241,239 (10,234)
Excess (deficiency) of revenues over (under) expenditures (12,522) (13,027) 4,089 17,116 Other financing sources (uses):
Transfers in 35,012 35,012 34,264 (748)
Transfers out (41,306) (41,476) (45,447) (3,971)
Total other financing uses (6,294) (6,464) (t 1,183) (4,719)
Net change in fund balance (18,816) (19,491) (7,094) 12,397 Fund balance at beginning of year 33,582 33,582 33,582 Fund balance at end of year $ 14,766 $ 14,091 $ 26,488 $ 12,397 The accompanying notes are an integral part of these financial statements. 29
CITY OF ANAHEIM Statement of Revenues, Expenditures and Changes in Fund Balances Budget and Actual - Housing Authority Year Ended June 30, 2011 (Inthousands)
Original Final Budgeted Budgeted Actual Variance with Amounts Amounts Amounts Final Budget Revenues:
Licenses, fees and permits $ 40 $ 40 $ 33 $ (7)
Intergovernmental revenues 74,213 74,213 75,202 989 Use of money and property 251 251 467 216 Other 1,671 1,671 1 (357)
Total revenues 76,175 76,175 77,016 841 Expenditures:
Community Development 77,144 77,247 73,403 (3,844)
Total expenditures 77,144 77,247 73,403 (3,844)
Excess (deficiency) of revenues over (under) expenditures (969) (1,072) 3,613 4,685 Other financing sources (uses):
Transfers in 458 1,067 1,303 236 Transfers out (1150) (150)
Total other financing sources 458 1,067 1,153 86 Net change in fund balance (511) (5) 4,766 4,771 Fund balance at beginning of year 12,976 12,976 12,976 Fund balance at end of year $12,465 $12,971 $17,742 $4,771 The accompanying notes are an integral part of these financial statements. 30
CITY OF ANAHEIM Statement of Fund Net Assets Proprietary Funds June 30, 2011 (Inthousands)
Business-type Activities - Enterprise Funds Convention, Governmental Sports and Activities -
Electric Water Golf Entertainment Internal Utility Utility Sanitation Courses Venues Total Service Funds ASSETS Current assets:
Cash and cash equivalents $ 5,433 $ 9,480 $ 16,161 $ 300 $ 10,450 $ 41,824 $ 35,966 Investments 7,636 13,323 21,043 422 14,688 57,112 50,548 Restricted cash and cash equivalents 12,189 2,101 1,608 1,020 16,918 57 Restricted investments 10,652 938 11,590 Accounts receivable, net 39,918 6,850 6,979 94 2,415 56,256 2,163 Accrued interest receivable 1,527 162 220 300 2,209 375 Note receivable 69 Interfund receivable 10,150 13 Inventories 9,775 370 5 750 Bond payment receivable 1,890 1,890 Prepaid and other assets 12,095 989 33 13,117 58 Total current assets 99,225 34,213 46,011 816 30,801 211,066 89,999 Noncurrent assets:
Restricted cash and cash equivalents, less current portion 56,644 24,544 26,253 24,362 131,803 336 Restricted investments, less current portion 227,178 7,121 6,489 240,788 Unamortized debt issuance costs 6,569 759 418 820 8,566 Bond payment receivable, less current portion 8,555 8,555 Pipeline receivable 117 117 Accounts receivable, less current portion 203 Interfund receivable, less current portion 69 Prepaid and other assets 50,823 50,823 Net other post-employment benefits (OPEB) asset ________ _____________
_______ ________9,629 Capital assets:
Land 35,671 2,298 316 1,949 18,135 58,369 Buildings, structures and improvements 80,967 16,632 487,396 584,995 6,938 Utility plant 1,097,041 371,020 1,468,061 Machinery and equipment 8,632 983 24,106 33,721 55,845 35,498 13,348 8,046 1,668 58,560 Construction in progress Total Capital assets 1,168,210 386,666 97,961 19,564 531,305 2,203,706 62,783 Less accumulated depreciation (350,483) (103,773) (9,162) (9,489) (201,820) (674,727) (43,169)
Capital assets, net 817,727 282,893 88,799 10,075 329,485 1,528,979 19,614 Total noncurrent assets 1,158,941 315,434 115,470 10,075 369,711 1,969,631 29,851 Total assets 1,258,166 349,647 161,481 10,891 400,512 2,180,697 119,850 (continued) 31
CITY OF ANAHEIM Statement of Fund Net Assets Proprietary Funds June 30, 2011 (In thousands) (continued)
Business-type Activities - Enterprise Funds Convention, Governmental Sports and Activities -
Electric Water Golf Entertainment Internal Utility Utility Sanitation Courses Venues Total Service Funds LIABILITIES Current liabilities (payable from current assets):
Accounts payable $ 14,800 $ 11,083 $ 3,900 $ 253 $ 421 $ 30,457 $ 6,401 Wages payable 885 349 162 21 486 1,903 3,550 Interest payable 374 374 6 Compensated absences 14,729 Long-term obligations 4,544 487 11,638 16,669 9,228 Unearned revenues 402 402 1,324 Deposits 3,130 764 584 7 1,662 6,147 Interfund payable 548 548 Regulatory credits 46,305 5,945 52,250 Total current liabilities (payable from current assets) 69,664 18,141 5,133 829 14,983 108,750 35,238 Current liabilities (payable from restricted assets):
Accounts payable 386 349 184 919 Wages payable 50 11 61 Interest payable 8,245 1,227 900 836 11,208 Arbitrage rebate liability 529 5 534 Long-term obligations 13,631 1,807 348 15,786 Total current liabilities (payable from restricted assets) 22,841 3,039 1,608 1,020 28,508 Total current liabilities 92,505 21,180 6,741 829 16,003 137,258 35,238 Noncurrent liabilities:
Interfund payable, less current portion 3,151 3,151 Long-term obligations, less current portion 707,016 95,913 46,515 95,303 944,747 33,423 Provision for decommissioning costs 127,347 127,347 Total noncurrent liabilities 834,363 95,913 46,515 3,151 95,303 1,075,245 1,212,503 33,423 Total liabilities 926,868 117,093 53,256 3,980 111,306 68,661 FUND NET ASSETS Invested in capital assets, net of related debt 236,297 214,941 61,717 10,075 263,145 786,175 17,295 Restricted for:
Debt service 13,067 1,123 348 1,517 16,055 57 Capital projects 15,644 2,829 6,436 8,828 33,737 Other purposes 4,834 4,834 Unrestricted 61,456 13,661 39,724 (3,164) 15,716 127,393 33,837 Total fund net assets $ 331,298 $232,554 $1708,225 $ 6,911 $ 289,206 968,194 $ 51,189 Adjustment to reflect the consolidation of internal service fund activities related to enterprise funds. (11,948)
Net assets of business-type activities $ 956,246 The accompanying notes are an integral part of these financial statements. 32
CITY OF ANAHEIM Statement of Revenues, Expenses and Changes in Fund Net Assets Proprietary Funds Year Ended June 30, 2011 (inthousands)
Business-type Activities - Enterprise Funds Convention, Governmental Sports and Activities -
Electric Water Golf Entertainment Internal Utility Utility Sanitation Courses Venues Total Service Funds Ol)eratin,g revenues:
Sales of light and power $353,157 $353,157 Transmission revenues 24,590 24,590 Sales of water $ 54,871 54,871 Solid waste collection fees $ 40,389 40,389 Wastewater fees 11,577 11,577 Street cleaning fees 3,178 3,178 Green fees anrl cart rentals $4,481 4,481 Facilities rental $ 21,569 21,569 Concession fees 118 5,052 5,170 Other 3,749 727 1,215 112 1,360 7,163 $160,312 Total operating revenues 381,496 55,598 56,359 4,7 11 27,981 526,145 160,312 Operating expenses:
Cost ot purchased power 239,339 239,339 Fuel and generation of power 21,921 21,921 Cost of purchased water 27,042 27,042 Treatment and pumping of water 6,166 6,166 Maintenance, operations and administration 42,707 11,204 45,525 3,566 25,938 128,940 35,832 Insurance premiums and claims 9,857 Compensated absences and other benefits 108,952 Depreciation and amortization 37,772 8,964 2,424 568 12,742 62,470 4,853 Total operating expenses 341,739 53,376 47,949 4,134 38,680 485,878 159,494 Operating income (loss) 39,757 2,222 8,410 577 (10,699) 40,267 818 Nonoperating income lexpenses): 2,284 Intergovernmental revenues 497 92 2,873 Interest income 7,438 840 661 678 9,617 996 Debt service recovery 654 654 Interest expense (30,079) (2,920) (1,938) (66) (6,115) (41,118) (135)
Gain (loss) from disposal of capital assets (4) (58) (48) (110) 123 Total nonoperating income (expenses) (20,357) (1,583) (1,189) (124) (4,831) (28,084) 984 Income (loss) before contributions and transfers 19,400 639 7,221 453 (15,530) 12,183 1,802 Capital contributions 7,349 2,365 4,288 4,298 18,300 36 Transfers in 2,153 415 9,068 11,636 4,000 Transfers out (20,755) (3,694) (3,768) (272) (28,489) (97)
Change in fund net assets 8,147 (690) 8,156 181 (2,164) 13,630 5,741 Fund net assets at heginning of year 323,151 233,244 100,069 6,730 291,370 45,448 Fund net assets at end of year $331,298 $232,554 $1_08,225 $6,911 $289,206 $ 51,189 Adjustment to reflect the consolidation of internal service fund activities related to enterprise funds. 243 Change in net assets of business-type activities $ 13,873 The accompanying notes are an integral part of these financial statements. 33
CITY OF ANAHEIM Statement of Cash Flows Proprietary Funds Year Ended June 30, 2011 (Inthousands)
Business-type Activities - Enterprise Funds Convention, Governmental Sports and Activities -
Electric Water Golf Entertainment Internal Utility Utility Sanitation Courses Venues Total Service Funds Cash flows from operating activities:
Receipts from customers and users $ 377,492 $55,143 $ 55,056 $4,595 $ 27,957 S 520,243 Receipts from intedfund services provided 1,047 311 51 1,409 $ 160,256 Payments to suppliers (278,419) (25,963) (34,364) (2,603) (6,986) (348,335) (21,668)
Fayments for salaries, wages and other benefits (35,956) (12,643) (6,708) (6041 (15,870) (71,781) (119,125)
Payments for interfund services used (9,193) (4,787) (3,618) (244) (2,984) (20,826) (3,065)
Payments for insurance premiums and claims 110,564)
Other receipts 1,164 112 1,276 124 Net cash provided by operating activities 54,971 12,061 11,581 1,256 2,117 81,986 5,958 Cash flows from noncapital financing activities:
Receipt of interfund balances 17 Transfers in 9,068 9,068 4,000 Transfers out (20,755) (2,899) (3,768) (272) (27,694)
Operating grant receipts 2,284 497 92 2,873 Net cash provided by (used in) noncapital financing activities (18,471) (2,402) (3,676) (272) q,068 (15,753) 4,017 Cash flows from capital and related financing activities:
Proceeds from sale of capital assets 126 Capital contributions 1,905 15 1,920 Capital purchases (55,333) (14,456) (8,988) (2,353) (81,130) (2,999)
Proceeds of borrowing, net of premium 93,262 35,243 20,000 148,505 36 Issuance costs (754) (405) (160) (1,319)
Principal payment on long-term debt (17,825) (1,779) 1805) (6,782) (27,191) (1,480)
Interest payments (30,906) (3,601) (2,193) (82) (5,155) (41,937) (1091 Debt service recovery 2,433 2,433 Payment of interfund balances of capital purposes (466) (466)
Transfers in for capital purposes 2,146 318 2,464 Transfers out for capital purposes (7 8 8 ) _ __ 6 6 8) (788)
Net cash provided by (used in) capital and related financing activities (7,505) 14,229 111,668) (548) 7,983 2,491 (4,426)
Cash flows from investing activities:
Purchase of investment securities (108,176) (5,596) (5,597) (418) (4,318) (124,105) (18,883)
Proceeds from sale and maturity of investment securities 101,642 7,015 9,069 187 6,331 124,244 21,809 Interest received 8,173 952 849 1 793 10,768 1,137 Collection of note receivable 16 16 Net cash provided by (used in) investing activities 1,639 2,387 4,321 (230) 2,806 10,923 4,063 Increase in cash and cash equivalents 30,634 26,275 558 206 21,974 79,647 9,612 Cash and cash equlivalents at beginning of the year 43,632 9,850 43,464 94 13,858 110,898 26,747 Cash and cash equivalents at end of the year $ 74,266 $ 36,125 $ 44,022 $ 300 $ 35,832 $ 190,545 $ 36,359 (continued) 34
CITY OF ANAHEIM Statement of Cash Flows Proprietary Funds Year Ended June 30, 2011 (In thousands) (continued)
Business-type Activities - Enterprise Funds Convention, Governmental Sports and Activities -
Electric Water Golf Entertainment Internal Utility Utility Sanitation Courses Venues Total Service Funds Reconciliation of operating income (loss) to net cash provided by (used in) operating activities:
Operating income (loss) $ 39,757 $ 2,222 $ 8,410 $ 577 $(10,699) $ 40,267 $ 818 Adjustments to reconcile operating income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization 37,772 8,964 2,424 568 12,742 62,470 4,853 Increase in provision for decommissioning costs 3,454 3,454 Changes in assets and liabilities:
Accounts receivable (4,138) (103) (921 (3) 760 (3,576) 1,087 Inventories (67) 1 (1) (67) (27)
Prepaid and other assets (17,629) 192 (32) (17,469) 5 Note receivable (69)
Accounts payable (5,366) 798 818 113 181 (3,456) 650 Wages payable 7 28 17 2 (50) 4 44 Unearned revenues (152) (152) 242 Compensated absences, OPEB and self-insurance liability (1,645)
Deposits (194) (49) 4 (1) (632) (872)
Regulatory credits 1,375 8 1,383 Total adjustments 15,214 9,839 3,171 679 12,816 41,719 5,140 Net cash provided by operating activities $ 54,971 $12,061 $ 11,581 $1,256 $ 2,117 $ 81,986 $ 5,958 Schedule of noncash investing, capital and noncapital financing activities:
Capital assets financed through capital leases $ 977 Capital contributions $ 5,444 $ 2,365 $ 4,288 $ 4,300 $ 16,397 Transfers in (out) of capital assets 7 (7) 97 97 (97)
Increase (decrease) in fair value of investments (389) (94) (163) $ (2) (104) (752) 424 Reconciliation of cash and cash equivalents:
Cash and cash equivalents $ 5,433 $ 9,480 $ 16,161 $ 300 $ 10,450 $ 41,824 $ 35,966 Restricted cash and cash equivalents, current portion 12,189 2,101 1,608 1,020 16,918 57 Restricted cash and cash equivalents, noncurrent xortion 56,644 24,544 26,253 24,362 131,803 336 Total cash and cash eqluivalents $ 74,266 $36,125 $ 44,022 $ 300 $ 35,832 $190,545 $ 36,359 The accompanying notes are an integral part of these financial statements. 35
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CITY OF ANAHEIM Statement of Fiduciary Net Assets Fiduciary Funds June 30, 2011 (Inthousands)
Investment Agency Trust Funds Funds ASSETS Restricted cash and cash equivalents $ 521 $5,782 Restricted investment 732 3,386 Accrued interest receivable 9 Due from other governments 56 Total assets $1,262 $9,224 LIABILITIES Due to bond holders $9,224 NET ASSETS Held in trust for pool participants $1,262 The accompanying notes are an integral part of these financial statements. 37
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CITY OF ANAHEIM Statement of Changes in Fiduciary Net Assets Fiduciary Funds Year Ended June 30, 2011 (In thousands)
Investment Trust Funds ADDITIONS Contributions to pooled investments $1,930 Interest and investment income 32 Total additions 1,962 DEDUCTIONS Distribution from pool investments 1,506 Total deductions 1,506 Net increase in net assets 456 Net assets held in trust for pool participants at beginning of year 806 Net assets held in trust for pool participants at end of year $1,262 The accompanying notes are an integral part of these financial statements. 39
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CITY OF ANAHEIM activity of the Redevelopment Agency has been blended into the City's CAFR in the Notes to Financial Statements government-wide governmental activities and in the fund financial statements as the (Amounts in thousands)
Redevelopment Housing Set-Aside Special Revenue Fund, the Redevelopment Agency Debt Service Fund, and the Redevelopment Projects Capital Projects Fund.
NOTE 1 -
SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES:
For a copy of the Redevelopment Agency's separate financial statements, contact the Finance Director of the City.
The financial reporting entity Community Center Authority (CCA) a joint powers authority, was created primarily As defined by U. S. generally accepted accounting principles (GAAP) that are to finance the initial construction of the Anaheim Convention Center. A five-member established by the Governmental Accounting Standards Board (GASB), the financial board appointed by the City Council governs the CCA. The City has entered into a reporting entity consists of the primary government, as well as its component units, noncancelable long-term lease with the CCA, which provides for lease payments in which are legally separate organizations for which the elected officials of the primary amounts sufficient to meet the annual debt service requirements on the certificates of government are financially accountable. Financial accountability is defined as participation issued by the CCA to finance the construction of the facility. The lease appointment of a voting majority of the component unit's board, and either a) the is a financing arrangement, which transfers the ownership of the facility to the City at ability to impose will by the primary government, or b) the possibility that the the end of the lease term, and the sole activity of the CCA is to provide financing for component unit will provide a financial benefit to or impose a financial burden on the City. As such, the financial data for the CCA has been blended into the City's CAFR the primary government.
in the government-wide business-type activities and in the fund financial statements with the City's Convention, Sports and Entertainment Venues Fund, as all activity The accompanying financial statements present the City of Anaheim (City), the related to the Anaheim Convention Center is accounted for in this enterprise fund.
primary government, and its component units. The financial data of the component The capital lease has been eliminated in the financial statements. For a copy of the units are included in the City's reporting entity because of the significance of their CCA's separate financial statements, contact the Finance Director of the City.
operational or financial relationships with the City.
Anaheim Public Improvement Corporation (APIC), a non-profit corporation, was The component units described below are each legally separate from the City, but are created primarily to finance several construction projects in the City. City Council so intertwined with the City that they are, in substance, the same as the City. They are members, in separate session, serve as the governing board of APIC. The City has reported as part of and accountable to the City and blended into the government-entered into noncancelable long-term leases with APIC, which provide for lease wide and fund financial statements.
payments in amounts sufficient to meet the annual debt service requirements on the certificates of participation issued by APIC to finance these construction projects. The Anaheim Housing Authority (Housing Authority) is a separate entity primarily funded leases are financing arrangements, which transfer ownership of the constructed assets by the U.S. Department of Housing and Urban Development to administer funds to the City at the end of the lease terms. The financial data of APIC has been blended received under the Federal Housing Assistance Payments program. City Council into various governmental and business-type activities and funds of the City as members, in separate session, serve as the governing board of the Housing Authority applicable, and the capital leases have been eliminated.
and all accounting and administrative functions are performed by the City. The financial activity of the Housing Authority has been blended into the City's Anaheim Public Financing Authority (Authority) a joint powers authority, was Comprehensive Annual Financial Report (CAFR) in the government-wide established as a vehicle to reduce local borrowing costs and promote greater use of governmental activities and in the fund financial statements as the Housing Authority existing and new financial instruments and mechanisms. City Council members, in Special Revenue Fund.
separate session, serve as the governing board of the Authority. Financial activity of the Authority has been blended into the City's CAFR into various governmental and Anaheim Redevelopment Agency (Redevelopment Agency) is a separate government business-type activities and funds of the City as applicable.
entity created to develop and execute plans for improvement, rehabilitation and redevelopment of blighted areas within the City. City Council members, in separate The City is a participant in three joint ventures and jointly-owned properties (see note session, serve as the governing board of the Redevelopment Agency, and all 11), which are not considered part of the financial reporting entity, as the City does accounting and administrative functions are performed by the City. The financial not have significant equity interests in the joint ventures and jointly-owned properties.
41
CITY OF ANAHEIM New Accounting Pronouncement invested in capital assets, net of related debt, 2) restricted, and 3) unrestricted.
Invested in capital assets, net of related debt, represents capital assets net of Oil July 1, 2010, the City adopted the GASB Statement No. 54, Fund Balance accumulated depreciation which is reduced by outstanding balances of any bonds, Reporting and Governmental Fund Type Definitions.This Statement establishes new notes or other borrowings that are attributable to the acquisition, construction, or categories for reporting fund balance information by identifying amounts that are improvement of those assets. Restricted net assets are those with constraints placed considered nonspendable,restricted, committed, assignedand unassignedbased on on their use by either: 1) creditors (such as through debt covenants), grantors, the relative strength of the constraints that control how specific amounts can be spent. contributors, or laws or regulations of other governments, or 2) law through This Statement also clarifies the existing definitions of governmental fund types. constitutional provisions or enabling legislation. All net assets not otherwise classified as restricted, are shown as unrestricted. Generally, the City would first apply restricted Basic financial statements resources when an expense is incurred for purposes for which both restricted and unrestricted net assets are available.
In accordance with GASB Statement No. 34 - Basic Financial Statements and Management's Discussion and Analysis for State and Local Governments, the basic The government-wide Statement of Activities demonstrates the degree to which both financial statements include both government-wide and fund financial statements. direct and indirect expenses of the various functions and programs of the City are offset by program revenues. Direct expenses are those that are clearly identifiable The government-wide financial statements (Statement of Net Assets and Statement of with a specific function or program. Indirect expenses for administrative overhead are Activities) report on the City and its component units as a whole, excluding fiduciary allocated among the functions and programs using a full cost allocation approach activities. Governmental activities, which normally are supported by taxes and and are presented separately to enhance comparability of direct expenses between intergovernmental revenues, are reported separately from business-type activities, governments that allocate direct expenses and those that do not. Interest on general which rely to a significant extent on fees and charges for support. All activities, both long-term debt is not allocated to the various functions. Program revenues include: 1) governmental and business-type, are reported in the government-wide financial charges to customers or users who purchase, use or directly benefit from goods, statements using the economic resources measurement focus and the accrual basis of services or privileges provided by a particular function or program and 2) grants and accounting, which includes long-term assets and receivables as well as long-term contributions that are restricted to meeting the operational or capital requirements of debt and obligations. The government-wide financial statements focus more on the a particular function or program. Taxes, unrestricted investment income and other sustainability of the City as an entity and the change in aggregate financial position revenues not identifiable with particular functions or programs are included as resulting from the activities of the fiscal period. general revenues. The general revenues support the net costs of the functions and programs not covered by program revenues.
Generally, the effect of interfund activity has been removed from the government-wide financial statements, except for interfund services provided and used. Net Also, part of the basic financial statements are fund financial statements for interfund activity and balances between governmental activities and business-type governmental funds, proprietary funds and fiduciary funds, even though the latter are activities are shown in the government-wide financial statements. The "doubling up" excluded from the government-wide financial statements. The focus of the fund effect of internal service fund activity has been eliminated from the government-wide financial statements is on major funds, as defined by GASB Statement No. 34.
financial statements with the expenses shown in the various functions and programs Although this reporting model sets forth minimum criteria for determination of major on the Statement of Activities. funds (a percentage of assets, liabilities, revenues, or expenditures/expenses of fund category and of the governmental and enterprise funds combined), it also gives The government-wide Statement of Net Assets reports all financial and capital governments the option of displaying other funds as major funds. Other nonmajor resources of the City (excluding fiduciary funds). It is displayed in a format of assets funds, as well as the internal service funds, are combined in a single column on the less liabilities equal net assets, with the assets and liabilities shown in order of their fund financial statements.
relative liquidity. Net assets are required to be displayed in three components: 1) 42
CITY OF ANAHEIM The City reports the following major governmental funds: City operates four internal service funds:
The General Fund is the City's primary operating fund. It accounts for all financial The General Benefits and Insurance Fund is used to account for employee resources of the general government, except those required to be accounted for compensated absences, retirement and health benefits, and self-insurance in another fund. programs.
The Housing Authority Special Revenue Fund accounts for the providing of The Motorized Equipment Fund is used to account for motorized equipment used housing assistance to low and moderate-income families in the Anaheim area. by City departments.
Financing is provided primarily from Federal Section 8, U.S. Department of Housing and Urban Development (HUD) receipts. The Information and Communication Services Fund is used to account for data processing and telecommunication services provided to City departments.
The City reports the following major enterprise funds:
The Municipal Facilities Maintenance Fund is used to account for office The Electric Utility Fund accounts for the operation of the City's electric utility, a maintenance services and equipment used by City departments.
self-supporting activity, which renders services on a user charge basis to residents and businesses located in Anaheim. Measurement focus and basis of accounting The Water Utility Fund accounts for the operation of the City's water utility, a self- The governmental funds financial statements are prepared on a current financial supporting activity, which renders services on a user charge basis to residents and resources measurement focus and modified accrual basis of accounting. To conform businesses located in Anaheim. to the modified accrual basis of accounting, certain modifications must be made to the accrual method. These modifications are outlined below:
The Sanitation Fund accounts for the operation of the City's solid waste and sanitation program, a self-supporting activity, which provides for the collection " Revenue is recorded when it becomes both measurable and available and disposal of solid waste, street sweeping, and sanitary sewer cleaning on a user (received within 60 clays after year-end). Revenue considered susceptible to charge basis to residents and businesses located in Anaheim. accrual includes: property taxes, sales and use taxes, transient occupancy taxes, licenses, fees and permits, intergovernmental revenues (including motor The Golf Courses Fund accounts for the operation of the Anaheim Municipal vehicle license fees), charges for services, fines, forfeits and penalties, and
("Dad Miller") Golf Course and the Anaheim Hills Golf Course, a self-supporting interest.
activity that renders services on a user charge basis.
" Expenditures are recorded when the related fund liability is incurred. Principal The Convention, Sports and Entertainment Venues Fund accounts for the and interest on general long-term debt are recorded as fund liabilities when operations of the Anaheim Convention Center, Angel Stadium of Anaheim, and due or when amounts have been accumulated in the debt service fund for City National Grove of Anaheim. See note 12 for further discussions of the Angel payments to be made early in the following year.
Stadium of Anaheim and The City National Grove of Anaheim.
" Disbursements for the purchase of capital assets providing future benefits are The internal service funds, which provide services to the other funds of the City are considered expenditures. Bond proceeds are reported as other financing presented in a single column in the proprietary funds financial statements. Because source.
the principal users of the internal service funds are the City's governmental activities, the assets and liabilities of the internal service funds are consolidated into the With this measurement focus, operating statements present increases (revenues and governmental activities column of the government-wide Statement of Net Assets. The other financing sources) and decreases (expenditures and other financing uses) in net costs of the internal service fund services are spread to the appropriate function or current assets. This is the traditional basis of accounting for governmental funds and program on the government-wide Statement of Activities and the revenues and also is the manner in which these funds are normally budgeted. This presentation is expenses within the internal service funds are eliminated from the government-wide deemed most appropriate to: 1) demonstrate legal and covenant compliance, 2) financial statements to avoid any doubling effect of these revenues and expenses. The demonstrate the sources and uses of liquid resources, and 3) demonstrate how the City's actual revenues and expenditures conform to the annual budget. Since the 43
CITY OF ANAHEIM governmental funds financial statements are presented on a different basis than the Public Utilities Commission (Water Utility). The utilities are not subject to the governmental activities column of the government-wide financial statements, a regulations of these commissions.
reconciliation is provided immediately following each fund statement. These reconciliations briefly explain the adjustments necessary to transform the fund Fiduciary funds account for assets held by the City in a trustee or agency capacity on financial statements into the governmental activities column of the government-wide behalf of others and, therefore, are not available to support City programs. The financial statements. reporting focus is upon net assets and changes in net assets and employs accounting principles similar to proprietary funds. Fiduciary funds are not included in the The proprietary funds financial statements are prepared on the same basis (economic government-wide financial statements as they are not an asset of the City available to resources measurement focus and accrual basis of accounting) as the government- support City programs. The City currently maintains an Investment Trust Fund to wide financial statements. Therefore, most lines for tihe total enterprise funds on the account for the external portion of the City's investment pool, which commingles proprietary funds financial statements will directly reconcile to the business-type resources of legally separate entities administered by the City in an investment activities column on the government-wide financial statements. Because the portfolio for the benefit of all participants. The entities include two Joint Powers enterprise funds are combined into a single business-type activities column on the Authorities (JPA) governed by local boards. The City separately maintains these government-wide financial statements, certain interfund activities between these entities' money in two individual funds; these funds represent the assets, primarily funds are eliminated in the consolidation for the government-wide financial cash and investment, and the related liability of the City to disburse these monies on statements, but are included in the fund columns in the proprietary funds financial demand. The City also maintains an agency fund to account for the monies collected statements. The net costs of the internal service funds are also partially allocated to and paid on behalf of the Mello-Roos Districts located in the City.
the business-type activities column on the government-wide financial statements. A reconciliation of the total enterprise funds on the fund financial statements to the Cash and investments business-type activities column on the government-wide financial statements is provided on the face of the fund financial statements. The City pools available cash from all funds for the purpose of increasing income through investment activities. Investments in U.S. Treasury obligations and agency Enterprise funds account for operations where the intent of the City is that the costs securities and medium term corporate notes are carried at fair value based on quoted of providing goods or services to the general public on a continuing basis be financed market prices. Participating guaranteed investment contracts and flexible repurchase or recovered primarily through user charges and fees. Under GASB Statement No. 34, agreements are carried at fair value. Money market mutual funds are carried at fair enterprise funds are also required for any activity whose principal revenue sources value based on the fund's share price. The City's investment in the State of California meet any of the following criteria: 1) any activity that has issued debt backed solely Local Agency Investment Fund (LAIF) is carried at fair value based on the value of by the fees and charges of the activity, 2) the cost of providing services for an activity, each participating dollar as provided by LAIF. LAIF is authorized by California including capital costs such as depreciation or debt service, must legally be recovered Government Code (Government Code) Section 16429 under the oversight of the through fees and charges, or it is the policy of the City to establish activity fees or Treasurer of the State of California. Commercial paper, participating guaranteed charges to recover the cost of providing services, including capital costs. investment contracts and negotiable certificates of deposit are carried at amortized cost (which approximates fair value). Interest income, which includes changes in fair On the proprietary funds financial statements, operating revenues are those that flow value, on investments is allocated to all funds on the basis of daily cash and directly from the operations of the activity, i.e. charges to customers or users who investment balances. See note 2 for further discussion.
purchase or use the goods or services of that activity. Operating expenses are those that are incurred to provide those goods or services. Non-operating revenues and For purposes of the basic financial statements, the City considers cash equivalents to expenses are items such as investment income and interest expense that are not a be highly liquid short-term investments that are readily convertible to known amounts result of the direct operations of the activity. of cash and mature within three months of the date they are acquired. Cash and cash equivalents are included in the City's cash and investments pool and in accounts held Under GASB Statement No. 20, Accounting and Financial Reporting for Proprietary by fiscal agents.
Funds and Other Governmental Entities That Use ProprietaryFundAccounting, the City has elected for proprietary funds not to apply Financial Accounting Standards Notes receivable Board (FASB) statements issued after November 30, 1989.
In the government-wide financial statements, notes receivable of $65,949 includes The Electric and Water Utility funds follow the uniform system of accounts prescribed accrued interest receivable of $15,532, ranging from 3% to 10% interest per annum, by the Federal Energy Regulatory Commission (Electric Utility) and the California and is net of allowances of $21,266 for uncollectible accounts at June 30, 2011.
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CITY OF ANAHEIM Allowances for uncollectible accounts were estimated based on certain assumptions; Capital assets therefore, actual results could differ from the estimates.
Under GASB Statement No. 34, all capital assets, whether owned by governmental In the governmental funds financial statements, due to the extended period of time activities or business-type activities are recorded and depreciated in the government-over which notes receivable are to be collected and the contingent nature of certain wide financial statements. No long-term capital assets or depreciation are shown in sources of repayment, the City has recorded deferred revenue equal to the the governmental funds financial statements.
outstanding principal and accrued interest balance, net of allowance, of the notes receivable. Capital assets, including public domain infrastructure (e.g., roads, bridges, sidewalks and other assets that are immovable and of value only to the City), are defined as Inventories assets with an initial, individual cost of more than $5 ($50 for infrastructure) and an estimated useful life of greater than one year. Capital assets are recorded at cost or Inventories are stated at average cost. Inventories in the General Fund are recorded estimated historical cost if purchased or constructed. Donated capital assets are as expenditures when used and are reported under the consumption method of accounting. recorded at the estimated fair market value at the date of donation.
Prepaid and other assets The costs of normal maintenance and repairs that do not acdd to the value of the capital asset or materially extend capital assets lives are not capitalized. Major Certain payments to vendors such as insurance premiums, prepaid rents, and deposits improvements are capitalized and depreciated over the remaining useful lives of the for real property acquisitions reflect costs applicable to future periods and are related capital assets.
recorded as prepaid and other assets in both government-wide and fund financial statements. These costs will be recognized in the period when services are received Major outlays for capital assets and .improvements are capitalized as the projects are or when the City receives title to the real property. constructed. Interest incurred during the construction phase of projects is reflected in the capitalized value of the asset constructed for proprietary funds. For the year ended Land held for resale June 30, 2011, business-type activities capitalized net interest costs of $3,086 in the government-wide and fund financial statements. Total interest expense incurred by The Redevelopment Agency has acquired parcels of land as part of their primary the business-type activities (and the enterprise funds on the proprietary funds purpose to develop or redevelop blighted areas. The Redevelopment Agency records statements) before capitalization was $44,204.
these parcels as land held for resale in their financial records. The properties held for resale are recorded at the lower of cost or estimated net realizable value. At June 30, Capital assets are depreciated using the straight-line method over the following 2011, land held for resale with a cost of $78,970 was recorded net of the allowance estimated useful lives:
for decline in value of $35,665 and totaled $43,305, with this amount offset by a restriction of fund balance for redevelopment projects in the governmental funds Buildings, structures and improvements 5 to 85 years financial statements. Utility plant 5 to 75 years Machinery and equipment 2 to 40 years Restricted assets Infrastructure 25 to 75 years Certain proceeds of the City's bonds, as well as certain resources set aside for their The net book value of capital assets retired or disposed of, related salvage value repayment, are classified as restricted on the Statement of Net Assets, Balance Sheet, proceeds and the costs of removal are recorded in accumulated depreciation in the or Statement of Fund Net Assets, because they are maintained in separate bank Electric Utility and Water Utility Funds. In all other cases, these amounts are recorded accounts and their use is limited by applicable debt covenants. Additionally, resources as gains or losses on disposal of capital assets.
set aside by the Electric Utility for future decommissioning of its former ownership share of the San Onofre Nuclear Generating Station, Units 2 and 3 (SONGS) and the Capital assets transferred between funds are transferred at their net book value (cost San Juan Generating Station, Unit 4, are classified as restricted on both the less accumulated depreciation), as of the date of the transfer.
government-wide Statement of Net Assets and proprietary funds Statement of Fund Net Assets.
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CITY OF ANAHEIM Debt costs Since inception, the Electric Utility has collected $21,152 in regulatory credits related to EMA. As of April 20, 2010, the EMA rate was changed from $0.0050 to Debt issuance costs in the amount of $1 6,052 are included in noncurrent assets at $0.0100 per kWh for all domestic customers, and $0.0050 for all other customers. At June 30, 2011. Unamortized discounts, consisting of refunding costs of $13,454 June 30, 2011, the liability recorded for regulatory credits related to EMA totaled reduced by premiums net of discounts of $15,565, are reflected in net long-term $2,538. During fiscal year 2011, $18,615 was recognized as RSA revenues to obligations. Both debt issuance costs and premiums net of discounts are amortized mitigate the impact of environmental mitigation costs.
over the life of the related bond issue using the effective interest method. Refunding costs are amortized over the life of the new bond or the life of the old bond, The Water Utility's rates, rules and regulations provide for a water regulatory credit whichever is shorter, using the effective interest method. account to reflect variations in the cost of water to the Water Utility and provide more stable retail water rates to the customers of the City's Water Utility. This stabilization Accretion account provides increased flexibility by allowing the Water Utility to maintain financial performance indicators and goals specified in bond covenants. The account Accretion is an adjustment of the difference between the price of a bond or certificate is funded through expense reimbursements such as water supply cost refunds of participation (COP) issued at an original discount and the par value of the bond or received from the Metropolitan Water District and Orange County Water District and COP. The accreted value is recognized as it accrues by fiscal year. other miscellaneous credits and revenue. At June 30, 2011 the liability recorded for regulatory credits totaled $5,945 for the Water Utility. During fiscal year 2011, no Regulatory credits PCA revenue was recognized for the Water Utility.
The Electric Utility's Rates, Rules, and Regulations provide for the Rate Stabilization Deferred revenues Account (RSA), formerly referred to as Power Cost Adjustment/Rate Stabilization Account, which contains two components: the Power Cost Adjustment (PCA) that was Deferred revenues arise in governmental funds when revenue does not meet both the adopted by City Council on April 1, 2001, and the Environmental Mitigation "measurable" and "available" criteria for recognition in the current period. Deferred Adjustment (EMA) that was adopted by the City Council on January 13, 2009. The revenues also arise, in both governmental and proprietary funds, when resources are PCA will reflect variations in the power supply or fuel costs. The EMA will allow the received by the government before it has a legal claim to them, as when grant monies recovery of environmental mitigation costs, such as greenhouse gas emissions costs, are received prior to incurring qualifying expenditures/expenses (unearned). In the marginal cost differential between renewable power and traditional fossil fuel subsequent periods, when both revenue recognition criteria are met, or when the based power. The RSA provides the City with operational and billing flexibility to government has a legal claim to the resources, revenue is recognized.
mitigate material fluctuations in the cost of energy, loss of revenues or unbudgeted costs including unexpected long-term loss of a generating facility, unplanned limits Deferred revenues in the governmental funds amounted to $107,898 at June 30, on the ability to transmit energy to the City or major disasters. The RSA funded by 2011 as follows:
PCA and EMA collections are billed to customers through standard rates.
Nonmajor Since inception, the Electric Utility has collected $142,352 in regulatory credits General Housing Governmental related to PCA. As of August 1, 2010, the PCA rate was changed from $0.000 to Fund Authority Funds Total
$0.005 per kWh for all domestic retail customers, excluding residential lifeline Availability:
customers, and all commercial, industrial and municipal customers. At June 30, Notes receivable $ $23,419 $42,461 $ 65,880 Other revenues 5,608 33,886 39,494 2011, the liability recorded for regulatory credits related to PCA totaled $43,767 for Unearned 1,850 674 2,524 the Electric Utility. During fiscal year 2011, $3,885 was recognized as RSA revenues Total $ 7,458 $24,093 $76,347 $107,898 to mitigate the impact of energy costs and operation costs.
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CITY OF ANAHEIM Compensated absences The California Public Utilities Commission approved a cost estimate by SCE for the decommissioning costs of SONGS. The Electric Utility currently has $124,267 in Compensated absences, vacation and sick pay, for all City employees are generally irrevocable trust for the decommissioning costs with an assumed rate of return of 4%
paid by the General Benefits and Insurance Fund, an internal service fund. The per year. At June 30, 2011, SCE's future cost estimate for the Electric Utility's share of General Benefits and Insurance Fund is reimbursed through payroll charges to all decommissioning costs is $111,421. Based on an assumed 4% rate of return, it is other funds based on estimates of benefits to be earned and used during the fiscal estimated that the Electric Utility's current reserve of $124,267 will grow to $191,303 year. It is the policy of the City to pay all accumulated vacation pay when an by 2022, which exceeds SCE's future cost estimate of $147,170. Based on these employee retires or terminates. Accumulated sick pay in excess of 175 hours0.00203 days <br />0.0486 hours <br />2.893519e-4 weeks <br />6.65875e-5 months <br /> per estimates the Electric Utility does not expect that it will need to further fund the employee is paid to employees at their then current rate of pay in January each year provision for decommissioning costs with cash contributions for SONGS.
or upon termination from the City. Employees are paid for all accumulated sick pay when they retire from the City. Vested vacation and sick pay benefits are accrued The Electric Utility has a 10.04% ownership interest of the San Juan Generating when incurred in the General Benefits and Insurance Fund and at June 30, 2011, Station, Unit 4 (SJD.The Electric Utility is providing for the future demolition and totaled $19,320 and is included in long-term liabilities in the Statement of Net Assets. reclamation costs of its ownership share of SJ. As of June 30, 2011 the Electric Utility Also included in long-term liabilities in the Statement of Net Assets at June 30, 2011, has recorded a provision for decommissioning costs for Si of $3,080. For the year is compensatory time liability of $238. ended June 30, 2011, the Electric Utility has recorded decommissioning costs incurred for SJ of $440 in operating expenses. Based on the cost projections, the Changes in the City's compensated absences liability in fiscal year 2011 were as Electric Utility has estimated $440 in costs per year until 2027 to fund this obligation.
follows:
Pension plan Compensated absences liability at beginning of year $ 20,037 Estimated compensated absences benefits earned 21,263 Compensated absences used (21,742t Full-time City employees are members of the State of California Public Employees' Compensated absences liability at end of year S 19,558 Retirement System (System). The City's policy is to fund all pension costs accrued; such costs to be funded are determined annually as of July 1 by the System's actuary.
Nuclear fuel and decommissioning costs See note 10 for further discussion.
Net assets restricted by enabling legislation Federal regulations require the Electric Utility to provide for the future decommissioning costs of its former ownership share of San Onofre Nuclear Generating Station (SONGS). The Electric Utility has established a provision for The government-wide Statement of Net Assets reports $182,011 of governmental decommissioning costs of SONGS and restoration of the beachfront at San Onofre, activities restricted net assets, of which $38,869 is restricted by enabling legislation.
California where it is located. The Electric Utility funds the reserve and recognizes this expense over the remaining useful life of the generating plant. A separate irrevocable Fund balances trust account has been established for prior and future amounts funded and these amounts are classified as restricted assets in the accompanying balance sheets. At In the fund financial statements, governmental funds report the following June 30, 2011, the provision for decommissioning costs totaled $1 24,267. For the classifications:
year ended June 30, 2011, the Electric Utility has recorded decommissioning costs incurred for SONGS in the amount of $3,014, which is included in the fuel and " Nonspendable fund balance includes amounts that cannot be spent because generation component in operating expenses. they are either (a) not in spendable form or (b) legally or contractually required to be maintained intact. The "not in spendable form" criterion includes items The City sold its ownership share in SONGS to Southern California Edison (SCE) on that are not expected to be converted to cash, for example, inventories, December 29, 2006. The Electric Utility's decision to divest SONGS was largely based prepaid or long-term loans and notes receivable.
on the need for operating flexibility to provide both peak and base load power, ongoing
- Restricted fund balance includes amounts when constraints placed on the use cost concerns for environmental disposal of nuclear waste and marine mitigation, as well as escalating decommissioning costs. See note 11 for further discussion. of the resources are either imposed by external resource providers, constitutional provisions or enabling legislation.
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CITY OF ANAHEIM
" Committed fund balance includes amounts that can be used only for the departments. Throughout the fiscal year the budget was amended to add specific purposes pursuant to constraints imposed by formal action of the supplemental appropriations. All amendments to the budget which change the total City's highest level of the decision-making authority, City Council. The City appropriation amount for any department require City Council approval and all Council call modify or remove the commitments by taking the same kind of increases in appropriations must be accompanied by an increase in revenue sources action it previously employed to commit those amounts. At June 30, 2011, of a like amount to maintain a balanced budget. The City Manager has the authority the City does not have any committed fund balances. to change individual budget line items within a department as long as the total department's appropriation amount is not changed.
" Assigned fund balance includes amounts that the City intends to use for specific purposes but do not meet the criteria to be classified as restricted or The City utilizes an encumbrance system as a management control technique to assist committed. The City Manager or his designee has the authority to establish, in controlling expenditures. All appropriations lapse at the end of the fiscal year, modify or rescind an assigned fund balance. except for capital projects (other than the Redevelopment Agency Capital Projects Fund), which are carried forward until such time as the project is completed or
" Unassigned fund balance accounts for the residual balance of the City's terminated and for encumbered balances that are re-appropriated in the next year.
general fund and includes all spendable amounts not contained in other classifications. In other governmental funds, the unassigned classification GAS1 Statement No. 34 requires that budgetary comparison statements for the reports a deficit balance if expenditures for a specific purpose exceed amounts General Fund and major special revenue funds be presented in the basic financial that have been restricted, committed or assigned. statements. These statements must display original budget, amended budget and actual results.
In all governmental funds, encumbered amounts have been restricted or assigned for specific purposes for which resources have already been allocated. At June 30, Budgeted revenue amounts represent the original budget modified by City Council 2011, encumbrances totaled $141, $18, and $18,475 in the General Fund, authorized adjustments during the year, which were contingent upon new or Housing Authority Special Revenue Fund, and other nonmajor governmental additional revenue sources. Budgeted expenditure amounts represent original funds, respectively. appropriations adjusted for supplemental appropriations during the year. Budgets are generally prepared in conformity with GAAP using the modified accrual basis of Generally, the City would first apply restricted resources when expenditures incurred accounting, with the exception of capital leases, or other similar instruments, and for which both restricted and unrestricted resources are available. land held for resale, which are budgeted on a cash basis.
The accumulated deficit fund balances at June 30, 2011, for Gas Tax and Roads, Property taxes Workforce Development, and Transportation Improvement Projects included in nonmajor governmental funds in the amount of $1,045, $3 and $13,774 respectively, Property taxes attach as an enforceable lien on property as of January I. Taxes are will be eliminated in future years by the receipt of reimbursements for grant levied on July I and are payable in two installments due on November 1 and expenditures. February 1 and become delinquent after December 10 and April 10. The County of Orange, California (County) bills and collects the property taxes and remits them to Budgetary principles the City in installments during the year. City property tax revenues are recognized when levied in the governmental funds to the extent that they result in current The City is required by its charter to adopt an annual budget on or before June 30 for receivables collectable within 60 days after year-end. See note 7 for discussion of the ensuing fiscal year. The General, special revenue, debt service, and capital pledged property tax revenues.
projects governmental fund types and proprietary fund types have legally adopted budgets approved by City Council. The level of budgetary control (that is, the level at The County is permitted by State law (Proposition 13) to levy taxes at 1% of full market 2
which expenditures cannot legally exceed the appropriated amount) is established at value (at time of purchase) and can increase the property tax rate no more than %
the department level. From the effective (late of the budget, the amounts stated herein per year from the full market value at the time of purchase. The City receives a share as proposed expenditures/expenses become appropriations to the various City of this basic levy proportionate to what it received in the 1976 and 1978 periods.
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CITY OF ANAHEIM Entitlements, shared revenues and grants Deposits and investments are comprised of the following at June 30, 2011.
Entitlements and shared revenues are recorded at the time of receipt or earlier if the Restricted Cash and Cash and susceptible to accrual criteria are met. Expenditure-driven grants are recognized in Cash Cash Restricted the fund financial statements as revenue when the qualifying expenditures have been Equivalents Investments Equivalents Investments Total incurred, all eligibility requirements have been met, and reimbursement is received Governmental activities:
within the availability period. General Fund $ 5,711 $ 8,027 $ 13,738 Housing Authority 6,843 9,617 $ 3,098 19,558 Revenue recognition for Electric Utility, Water Utility, and Sanitation Funds Nonmajor governmental funds 38,317 53,853 40,917 $ 56,473 189,560 Internal service funds 35,966 50,548 393 86,9117 Total governmental activities 86,837 122,045 44,408 56,473 309,763 Revenue is recorded in the period in which services are provided. Residential and Business-type activities:
smaller commercial customers are billed bimonthly and all other customers monthly. Electric Utility 5,433 7,636 68,833 237,830 319,732 At June 30, 2011 unbilled but earned service charges recorded in accounts receivable Water Utility 9,480 13,323 26,645 8,059 57,507 for the Electric Utility, Water Utility, and Sanitation Funds amounted to $18,981, Sanitation 16,161 21,043 27,861 65,065
$3,954, and $3,573, respectively. See note 7 for discussion of pledged revenues. Golf Courses 300 422 722 Convention, Sports and Entertainment Venues 10,450 14,688 25,382 57,009 Use of estimates Total business-type activities 41,824 57,112 148,721 252,378 500,035 Government-wide totals 128,661 179,157 193,129 308,851 809,798 The preparation of financial statements in conformity with GAAP requires Fiduciary funds 6.303 4,118 10,421 management to make estimates and assumptions that affect the reported amounts of Total cash and investments $128.661 $179,157 $1 99_43 2 $312,969 $820,219 certain assets and liabilities and disclosures of contingent assets and liabilities at the dlate of the financial statements and the reported amounts of revenues and Deposits and investments are comprised of the following at June 30, 2011:
expenditures/expenses during the reporting period. As such, actual results could differ from those estimates. Deposits $ 8,912 Investments 811,307 NOTE 2 - DEPOSITS AND INVESTMENTS: Total deposits and investments $820,219 The City maintains a cash and investment pool, which includes the cash balances of At June 30, 2011, deposits of $8,912 with a corresponding bank balance of $13,666 all funds, and is invested by the City Treasurer to enhance interest earnings. The were maintained in various federally regulated financial institutions. The difference of pooled interest earned, net of administrative fees, is reallocated to each fund based $4,754 represents deposits in transit, outstanding checks, and other reconciling items.
on their respective average daily cash balances. Deposits with bank balances of $501 are insured by the Federal Depository Insurance Corporation. For deposits with bank balances totaling $13,165, California state The City's pooled investment fund has been reviewed by Standard and Poor's statutes require federally regulated financial institutions to secure a city's deposits by Corporation (S&P) and received a credit rating of AAAf in July 2008, which was pledging collateral consisting of either government securities with a value of 1I10% of reaffirmed in June 2010. a city's total deposits or by pledging first trust deed mortgage notes having a value of 150% of a city's total deposits. The collateral is required by regulation to be held by The City's investment policy further limits the permitted investments in Government the counterparty's agent in the name of the City.
Code Sections 53600 et al, 16429.1 and 53684 to the following: obligations of the United States government, federal agencies, and government sponsored enterprises; Investments medium-term corporate notes; certificates of deposit; bankers' acceptances; commercial paper; LAIF; repurchase agreements; reverse repurchase agreements; and The City Treasurer prepares an investment policy statement annually, which is money market mutual funds. presented to the Budget, Investment and Technology Commission for review and the City Council for approval.
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CITY OF ANAHEIM The approved investment policy Statement is submitted to the California Debt and Investments authorized by debt agreements Investment Advisory Committee in accordance with Government Code.
Investment of debt proceeds held by bond trustees is governed by provisions of the The policy provides the basis for the management of a prudent, conservative debt agreements, rather than the general provisions of the Government Code or the investment program. Public funds are invested for the maximum security of principal City's investment policy. The table below identifies the investment types that are and to meet daily cash flow needs while providing a return. All investments are made authorized for investments held by bond trustees. The table also identifies certain in accordance with the Government Code and, in general, the City Treasurer's policy provisions of these debt agreements that address interest rate risk, credit risk, and is more restrictive than Government Code. concentration of credit risk.
Investments authorized by the Government Code and the City's investment policy Maximum Percentage Investment Authorized Investment Type Maturity Allowed in One Issue(r)
U.S. Treasury obligation None None None The following table identifies the investment types that are authorized for the City by U.S. agency securities None None None its investment policy which is more restrictive than Government Code. The table also Guaranteed investment contracts None None None identifies certain provisions of the City's investment policy that address interest rate Collateralized investment contracts None None None risk, credit risk, and concentration of credit risk. This table does not address Flexible repurchase agreements None None None investments of debt proceeds held by bond trustees that are governed by the Money market mutual funds None None None provisions of debt agreements of the City, rather than the general provisions of the LAIF None None None Government Code or the City's investment policy. City of Anaheim Treasurer's investment portfolio None None None Minimum At June 30, 2011, the investments controlled by bond trustees exceeded five percent Maximum Rating concentration in the following U.S. agency securities, guaranteed investment Maximum Investment (S&P, contracts, flexible repurchase agreements and money market mutual funds: Federal Maximum Percentage in One Moody's,
_Authorized Investment Type Maturity of Porlfolio* Issuer Fitch) Home Loan Bank $55,077 (15%), Federal National Mortgage Association $34,979 U.S. Treasury obligations 5 years 1001% 30'X None (9%/o), Federal Farm Credit Bank $32,609 (9%), Bank of America $16,645 (5%), Credit U.S. agency securities 5 years 100% 40'%) None Agricole $19,365 (5%), Morgan Stanley $29,290 (8%), Dreyfus Treas $16,988 (5%),
Banker's acceptances 180 clays 40'// 5% None US Bank money market $32,290 (9%) and Wells Fargo 100% Treasury $19,355 (5%).
Commercial paper 270 days 25% 51y" A-I/P-I/F-i All guaranteed investment contracts have downgrade language that requires Negotiable certificates of deposit 360 (lays 25'S 5% None collateral should credit ratings drop below certain levels.
Repurchase agreements 360 days 30%' None None Reverse repurchase agreements 90 days 20% None None Custodial credit risk Medium term corporate notes 5 years 30%, S5'l A/A Money market mutual funds N/A 20'y 10% None Custodial credit risk for investments is the risk that the City will not be able to recover LAIF N/A $100 million None None the value of investment securities that are in the possession of an outside party. All lime certificates of deposit (TCD) 1 year 20% 5'%, None securities owned by the City with the exception of LAIF and money market mutual
- Excluding amounts held by bond trustees that are not subject to Government Code funds are deposited in trust for safekeeping with a custodial bank different from the restrictions City's primary bank. Securities are not held in broker accounts. Funds held by LAIF and money market mutual funds are held in the City's name.
At June 30, 2011, the City exceeded five percent concentration in the following U.S.
Custodial credit risk for investments held by bond trustees is the risk that the City will agency securities: Federal Farm Credit Bank $57,549 (13%), Federal Home Loan not be able to recover the value of investment securities that are in the possession of Bank $50,787 (11%), and Federal National Mortgage Association $76,347 (17%).
an outside party. All securities held by bond trustees are in the name of the bond issue in trust for safekeeping with the bond trustee, which is different from the City's primary bank.
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CITY OF ANAHEIM Interest rate risk Accounts receivable Interest rate risk is the risk that changes in interest rates will adversely affect the fair Accounts receivable for the City's governmental and business-type activities, value of an investment. The City Treasurer mitigates this risk by investing in longer- including the applicable allowance for uncollectible accounts at June 30, 2011, are term securities only with funds that are not needed for current cash flow purposes and as follows:
holding these securities to maturity. The City Treasurer uses the segmented time distribution method to identify and manage interest rate risk. In accordance with the Less:
Accounts Allowance for City investment policy, the City Treasurer monitors the segmented time distribution of Receivable Uncollectibles Total its investment portfolio and analysis of cash flow demand. Governmental activities:
General Fund $13,432 $(3,054) $10,378 Investments held by bond trustees are typically long-term securities which are not Housing Authority 63 (28) 35 adversely affected by interest rate changes. Guaranteed investment contracts for Nonmajor governmental funds 1,168 131 1,165 construction funds are usually limited to three years or less. Information about the Internal service funds 2,366 2,366 Total governmental activities (3,085) 13,944 sensitivity of the fair values of the City's investments (including investments held by Business-type activities:
bond trustees) to market interest rate fluctuations is provided by the following table Electric Utility 40,415 (497) 39,918 that shows the distribution of the City's investments by maturity at June 30, 2011: Water Utility 6,918 (68) 6,850 Sanitation 7,197 t218) 6,979 Credit 12 13 25 37 More Golf Courses 94 94 Rating Fair Months to to to Thai Convention, Sports anrd Entertainment Venues 2,445 (30) 2,415 (S&P/ Value or 24 36 60 60t Total business-type activities 57,069 (813) 56,256 Invcstments Aoody'sl6/30/2011 Less Months Months Months Monlths Total accounts receivable $74,098 $(3,898) $70,200 Investments controlled by City Treasurer:
U.S. agency securities i AA/Aaa $203,711 $ 28,469 $36,131 $ 48,782 $ 90,329 Medium temi corporate notes AA/Aaa 10,963 3,009 7,954 Due from other governments Medium term corpurate notes APJAa 8,087 5,169 2.918 Medium term corporate notes A/A 30,679 9,283 16,342 5,054 Due from other governments for the City's governmental activities at June 30, 2011, Medium term corporate notes A-t/P-I 8,396 8,396 are as follows:
Commer-ial paper A-I/P-t 103,990 103,990 Money mtarketmutual funds I AAAAaa 11,515 11,515 Grants Other Total LAIF Unrated 65,057 65,057 Governmental activities:
Total investments controlled General Fund $13,921 $ 491 $312 $14,724 by City Treasurer 442,398 223,483 60,869 51,791 106,255 Housing Authority 21 21 Investments controlled by bond trustees: Nonmajor governmental funds 49 38,847 38,896 U.S. Treasury obligations Exempt 270 270 sAAAIAaa Total due from U.S. agency securities 122,665 6,561 10,528 56,154 49,422 other governments $13,970 $39,359 $312 $53,641 Guaranteed investment contracts Unrated 56,294 19,365 10,214 $26,715 Collateralized investment contracts Unrated 4,879 1,210 3,669 Flesible repurchase agreements Unrated 46,138 7,864 621 37,653 Revenues are reported net of estimated uncollectible amounts. Total estimated Money market mutual funds AAAA/Aaa 110,864 110,864 uncollectible amounts related to revenues of the current period are as follows:
LAIF Unrated 27,799 27,799 Total investments controlled General Fund $ 628 by bond trustees 368909 172,723 10,528 56,154 61,467 68037 Electric Utility 653 Total investments $811307 $396,206 $71,397 $107,945 S167,72 $
Water Utility 93 Sanitation 334 Others 11 NOTE 3 -ACCOUNTS RECEIVABLE, DUE FROM OTHER GOVERNMENTS, Total $1,719 INTERFUND RECEIVABLE AND PAYABLE BALANCES, AND CERTAIN INTERFUND TRANSACTIONS:
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CITY OF ANAHEIM Interfund receivable and payable balances whereby the Redevelopment Agency and the City will share the cost of the West Lincoln Avenue Street improvement project. The Agreement also provides that the Net internal balances between governmental activities and business-type activities of Redevelopment Agency will receive transportation fee credits in the amount of its
$15,647 are included in the government-wide financial statements at June 30, 2011. contribution to the project.
Interfund receivables and payables that are included in the fund financial statements Of the interfund receivable in the nonmajor governmental funds, $7,000 is clue to at June 30, 2011, are as follows: Community Development Block Grants Fund from nonmajor governmental funds Interfund Interfund (Redevelopment Project Capital Projects Fund). The Redevelopment Agency Receivable Payable entered into a Cooperation Agreement with the City on June 1, 2010, whereby the Governmental funds: City will assist the Agency with the rehabilitation of the historic Packing House site General Fund $ 9,908 $ 82 utilizing $7,000 of funds from the HUD Section 108 $15,000 loan proceeds. The Nonmajor governmental funds 34,104 40,313 Redevelopment Agency is obligated to pay the City for the repayment of the HUD 40,395 Total governmental funds 44,012 108 loan from property tax increment.
Enterprise funds:
Golf Courses 3,699 Total enterprise funds 3,699 Of the interfund receivable in the nonmajor governmental funds, $8,176 is due to Internal service funds 82 the Redevelopment Agency Housing Set-Aside Special Revenue Fund from Total $44,094 $44,u94 nonmajor governemtal funds (Redevelopment Agency Debt Service Fund). In fiscal years 2010 and 2011, the Redevelopment Agency paid a total of $19,163 to the State of California Supplement Educational Revenue Augmentation Fund Certain interfund balances at June 30, 2011 are generally short-term loans to relieve (SERAF). Of this amount, $8,500 was paid with funds borrowed from Housing temporary cash deficits in various funds. The following interfund balances are Set-Aside property tax increment. The Redevelopment Agency will fully repay the expected to be repaid in more than one year: amount by June 30, 2016 in accordance with the 2010 State of California budget legislation.
General Fund Of the interfund receivable in the nonmajor governmental funds, $981 is due to Of the total interfund receivable in the General Fund, $3,699 is due from the Golf the Housing Set-Aside Special Revenue Fund from the Redevelopment Project Courses Fund. On September 24, 2002, the City Council approved a loan up to Capital Projects Fund. In fiscal year 2011, two parcels of land held for resale from
$6,400 from the General Fund to the Golf Courses Fund for construction of the the Housing Set-Aside Special Revenue Fund were transferred to the Anaheim Hills Golf Clubhouse. The loan is payable in annual amounts of not less Redevelopment Project Capital Projects Fund, as the planned development of the than $548 beginning in July 2005 until July 2023 and bears interest at the City's parcels no longer included an affordable housing component. The payment for investment yield as of June 30th of each year. the parcels is expected to occur in fiscal year 2013.
Nonmajor Governmental Funds Certain interfund transactions Of the interfund receivable in the nonmajor governmental funds, $8,490 is due to The net transfers of $8,537 from the business-type activities to the governmental the Other Capital Improvements Capital Projects Fund from nonmajor activities on the government-wide Statement of Activities are primarily comprised of governmental funds (Redevelopment Project Capital Projects Fund). The operational subsidies from business-type activities to the General Fund offset by debt Redevelopment Agency entered into a Cooperation Agreement with the City on service subsidies to the Convention, Sports and Entertainment Venues Fund and the April 1, 2003 whereby the City will assist the Redevelopment Agency with the transfers of capital assets from governmental activities to business-type activities.
development of Westgate utilizing $10,000 of funds from the HUD Section 108 loan program. The Redevelopment Agency is obligated to pay the City for the Capital assets with net book value totaled $8,414 were transferred from the repayment of the HUD 108 loan from property tax increment and certain project Governmental activities to Business-type activities: underground facilities and light revenues generated by Westgate. installation to Electric Utilities ($3,658), sanitary sewer improvements to Sanitation
($3,449), and security enhancement improvement to the Convention, Sports and Of the interfund receivable in the nonmajor governmental funds, $1,563 is due to Entertainment ($1,307). These amounts were accounted for as Capital Contribution the Redevelopment Project Capital Projects Fund from nonmajor governmental in the respective Enterprise Fund financial statements. Capital asset with net a book funds (Other Capital Improvements Capital Projects Fund). On March 15, 1999, value of $98 was transferred from the Convention, Sports and Entertainment Business-the Redevelopment Agency entered into a Cooperation Agreement with the City type activities to the Governmental activities. 52
CITY OF ANAHEIM The following interfund transfers are reflected in the fund financial statements at June NOTE 5 - CAPITAL ASSETS:
30, 2011:
Capital asset activities for the year ended June 30, 2011, were as follows:
Transfers In Transfers Out Governmental funds:
General Fund $ 34,264 $ 45,447 Beginning Transfers Ending Housing Authority 1,303 150 Balance Additions In (Out) Deletions Balance Nonmajor governmental funds 64,004 41,024 Governmental activities:
99,571 Nondepreciable assets:
Total governmental funds 86,621 Land $ 606,985 $ 10,555 $ 137 $ (6113) $ 616,t94 Enterprise funds: (1,1 o) 80,054 Construction in progress 55,550 54,0t20 (28,406)
Electric Utility 2,153 20,755 (1,7931 697,048 Water Utility 3,694 Total 662,535 64,575 (28,269)
Sanitation 415 3,768 Depreciable assets:
Golf Courses 272 Buildings, structures Convention, Sports and Entertainment Venues 9,068 and improvements 319,348 2,846 3,279 (1,815) 323,658 Total enterprise funds 11,636 28,489 Machinery and equipment 104,635 4,637 488 (5,279) 104,481 Infrastructure 719,910 964 20,942 (801 741,736 Internal service funds 4,000 97 1,143,893 Total 8,447 24,709 (7,174) 1,169,875 Total $115,207 $115,207 1,806,428 73,022 Total assets (3,560) (8,967) 1,866,923 Less accumulated depreciation for:
The interfund transfers generally are made for the purpose of debt service payments Buildings, structures made from a debt service fund but funded from an operating fund or subsidy transfers. and improvements (112,7151 (8,4431 1,240 (119,9181 Except for the transferred capital assets detailed previously, there were no other Machinery and equipment (68,744) (7,8101 5,160 (71,394) significant transfers during the fiscal year that were either non-routine in nature or Infrastructure 1301,0681 (16,5401 77 0317,531) inconsistent with the activities of the fund making the transfer. Total accumulated depreciation (482,527) (32,793) 6,477 (508,843)
NOTE 4 - BOND PAYMENT RECEIVABLE: Total governmental activities capital assets, net ;1,323,901 $40,229 $ (3,5601 $(2,490) SI1,35_8080 On August 3, 1995, the Los Angeles Rams Football Company, currently the St. Louis Business-type activities:
Rams (Rams), exercised its right to terminate its lease under the Fourth Amendment Nondepreciable assets:
to the Exhibition Agreement between the Rams and the City (Rams Agreement). Land $ 58,369 S 58,369 Under the Rams Agreement, the Rams became obligated to repay the City for the debt Construction in progress 81,286 S 78,569 100,973) $ (349) 58,560 service on the 1979 Anaheim (California) Stadium Inc. Lease Revenue Bonds in the Total 139,655 78,596 (100,q73) (3491) 116,929 principal amount of $28,110, which obligation is supported by an irrevocable Depreciable assets:
standby letter of credit with Dresdner Bank AG, will be repaid by August 15, 2015. Buildings, structures The 1979 Anaheim (California) Stadium Inc. Lease Revenue Bonds were and improvemnents 573,597 9,657 1,784 (43) 584.995 subsequently refunded, and are no longer outstanding, by a portion of the Utility plant 1,371,358 4,150 102,682 (10,1291 1,468,061 Machinery and equipment _ 30,704 3,331 67 (381) 33,721 Convention, Sports and Entertainment Venues Fund 1993 Refunding Projects Total 1,975,659 104,533 (10,553) 2,086,777 Certificates of Participation. In December 2008, the 1993 Refunding Projects Certificates of Participation were refunded and replaced by the 2008 Lease Revenue Total assets 2,115,314 95,734 3,560 (10,902) 2,203,706 Less accumulated depreciation for:
Refunding Bonds. At June 30, 2011, there remained principal outstanding of $10,445 Buildings, structures on the 2008 Lease Revenue Refunding Bonds. During fiscal year 2011, the Rams and improvements (186,432) (13,012) 23 (199,42 .1) reimbursed the City $2,434 (representing $1,780 for principal and $654 for interest) Utility plant (419,355) (46,736) 11,835 (454,256) for the current portion of their debt service obligation. The City accounted for the Machinery and equipment (18,676) (2,722) 348 (21,050) termination of the lease by recording a bond payment receivable from the Rams and Total accumulated a contribution to the Convention, Sports and Entertainment Venues Enterprise Fund depreciation (624,463) (62,47o 12,206 (674,727) in the amount of the debt obligation assumed by the Rams under the Rams Total business-type activities capital assets, net $ *1,490,851 $33,264 $ 3.560 $ 1,304 $1,528,979 Agreement.
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CITY OF ANAHEIM Depreciation expense was charged to functions/programs of the City during fiscal Redevelopment Agency year 2011 as follows:
At June 30, 2011, the Redevelopment Agency earned revenues as lessor from certain Governmental activities: parking structure properties, carried at cost of $9,564, less accumulated depreciation General government $ 266 of $8,812, under operating leases. The following is a schedule of minimum future Police 1,697 Fire 578 rentals on noncancelable operating leases at June 30, 2011:
Community Development 1,851 Fiscal Year Ending June 30 Planning 110 Public Works 17,164 2012 $ 272 Community Services 2,558 2013 273 Convention, Sports and Entertainment 3,716 2014 274 Capital assets held by the City's internal service funds are charged 2015 277 to the various functions based on their usage of the assets 4,853 2016 277 Total depreciation expense - governmental activities $32,793 2017-2021 1,404 2022-2026 1,244 Business-type activities: 2027-2031 1,231 Electric Utility $37,772 2032-2034 738 Water Utility 8,964 Total minimum future rentals $5,990 Sanitation 2,424 Golf Courses 568 NOTE 6 - SELF-INSURANCE:
Convention, Sports and Entertainment Venues 12,742 Total depreciation expense - business-type activities $62,470 The General Benefits and Insurance Fund, an internal service fund, is used to account for self-insured workers' compensation related benefits, self-insured general liability Capital leases claims, commercial insurance purchases, alternative risk financing vehicles as well as employee compensated absences, retirement and health benefits. Revenues of the Included in the capital assets amounts listed above are the following capitalized General Benefits and Insurance Fund are derived from charges to City departments leased assets: using estimates of benefits earned and cost allocation charges established at the Governmental Activities beginning of the year and from interest income on reserves.
Machinery and equipment $ 3,865 Less accumulated amnrlization (1,45n) At June 30, 2011, the City was fully funded for self-insured workers' compensation Capitalized leased assets, net $2,415 and general liability claims (self-insured retention levels of $750 per occurrence for workers' compensation claims and $1,000 per occurrence for general liability Operating leases claims). Above these self-insured retention levels, the City's potential liability is covered through various commercial insurance and intergovernmental risk pooling Housing Authority programs (collectively, "Insurance"). Settled claims have not exceeded total insurance coverage in any of the past three years, nor does management believe that there are At June 30, 2011, the Housing Authority earned revenues as the lessor of land, carried any pending claims that will exceed total insurance coverage.
at cost of $46,239 in the government-wide financial statements, under five operating ground leases. These leases to developers are noncancelable. Two of the leases are The unpaid claims liability included in the General Benefits and Insurance Fund is for a term of 55 years, expiring in 2055 and 2057. Three of the leases are for a term based on the results of actuarial studies and includes amounts for claims incurred but of 57 years, expiring in 2060, 2063 and 2064. The total base rent amounts to be not reported, known-claim development, and allocated loss adjustment expenses.
collected over the terms of the leases are $12,400, $8,700, $7,505, $7,900 and Claims liabilities are calculated using a discount rate of 3% and consider the effects
$5,200, respectively, with simple interest accruing on unpaid portions at a rate of of inflation, multi-year loss development trends, and other economic and social 4.0%, 4.5%, 4.0%, 4.0% and 4.0%, respectively. Minimum lease payments are factors. It is the City's practice to obtain full actuarial studies annually for general calculated annually, based on residual receipts, as defined in the lease agreements. liability and workers' compensation coverages. Premiums are charged by the General At June 30, 2011, the Housing Authority has recorded notes receivable due from Benefits and Insurance Fund using various allocation methods that include actual developers related to these transactions of $9,611 and is net of allowances of $1,806 costs, trends in claims experience, exposure base, and number of participants.
for uncollected accounts in the government-wide financial statements.
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CITY OF ANAHEIM Changes in claims liability of the General Benefits and Insurance Fund and that NOTE 7 - LONG-TERM LIABILITIES:
relates to the governmental funds and reported in the governmental activities in the government wide Statement of Net Assets in fiscal years 2011 and 2010 were as The following is a summary of changes in long-term liabilities reported in the follows: government-wide financial statements for the year ended June 30, 2011:
2011 2010 Beginning Additions! Reductions/ Ending Within Current liability at beginning of year $37,756 $33,988 Balance Proceeds Payments Balance One Year Current year claims and changes in estimates 6,293 10,634 Governmental activities:
Claims payments 8,644) (6,866) Bonds payable:
Claims liability at end of year $35,405 $37,756 General obligation $ 4,255 $ (520) $ 3,735 $ 550 City lease revenue 490,965 (9,196) 481,769 13,409 Redevelopment Agency 201,680 $ 6,570 (551 208,195 205 Above the self-insured retention of $750 per occurrence for workers' compensation Accretion 119,419 13,526 132,945 losses, the City purchases excess coverage, utilizing both commercial insurance and Motorized Equipment 610 (2961 314 314 Unamortized bond refunding an intergovernmental risk pooling program (CSAC-EIA) to statutory limits. costs/premiuLm/discou nt, net (6,425) 1,054 (5,371)
Total 810,504 20,096 19,0113) 821,587 14,478 Above the self-insured retention of $1,000 per occurrence for liability losses, the City COPs:
City COPs 12,990 (920) 12,070 985 maintains excess coverage for all City operations to $100,000 per occurrence, Total 12,990 (920) 12,070 985 excluding helicopter operations for which the City purchases $50,000, per Capitalized lease obligations:
occurrence, of commercial liability insurance (on a first-dollar basis). The first layer of Internal Service Funds 2,605 977 (1,241) 2,341 1,083 excess liability loss coverage is procured through the Authority for California Cities Total 2,605 977 (1,2411 2,341 1,083 Excess Liability (ACCEL), a joint powers insurance authority, formed in 1986, pooling Notes and loans payable:
City 18,745 7,000 (816) 24,929 1,124 catastrophic general, automobile, personal injury, and public officials errors and Redevelopment Agency 8,540 (644) 7,896 196 omissions liability losses among twelve California cities, through both risk-sharing Housing Authority 1,809 (68) 1,741 and commercial insurance joint-purchase arrangements. The City, therefore, Total 29,094 7,000 (1,5281 34,566 1,320 continues to maintain some limited excess liability risk sharing exposure, above Claims liabilities (note 6) 37,756 6,293 (8,644) 35,405 7,831
$1,000 per occurrence, directly with ACCEL. This pooled coverage has exposure (i) Compensated absences (note 1) 20,037 21,263 (21,742) 19,558 14,729 Pollution Remediation Obligatinn 1,879 (1,159% 720 720 from the run-out periods from prior years in which commercial excess insurance was Governmental activities total 914,865 55,629 (144,24 7) 926,247 41,146 not obtained, and (ii) from an ACCEL retained layer for fiscal year 2011 of $4,000 in excess of $1,000. Each ACCEL member's share of pooled losses is based on a Business-type activities:
retrospectively-rated risk-sharing formula which includes, but is not limited to, Bonds payable:
Electric Utility 647,365 90,390 (17,825i 719,930 18,175 exposLtre and loss experience factors. Water Utility 53,010 34,525 (880) 86,655 915 Sanitation 46,935 (805) 46,130 835 In order to provide funds to pay claims, ACCEL collects a deposit from each member. Convention, Sports and Entertainment Venues 59,287 (6,782) 52,505 6,918 The deposits are credited with investment income at the rate earned on ACCEL's Unamortized bond refunding investments. At June 30, 2011, ACCEL's cash and investments totaled $38,595, of. costs/premium/discount, net (672) 3,590 545 3,463 which $6,458 consists of deposits and interest on deposits provided by the City. The Total 805,925 128,505 (25,747) 908,683 26,843 City has no specific equity interest in ACCEL. Deposits provided to ACCEL by tile City COPs:
are expensed when paid by the General Benefits and Insurance Fund. Convention, Sports and Entertainment Venues 38,000 38,000 Total 38,000 38,000 ACCEL is responsible for deciding the risks it will underwrite, monitoring and Notes and loans payable:
handling of large claims, and arranging risk-financing programs. ACCEL does not Water Utility 11,618 (899) 10,719 892 Convention, Sports and have any debt outstanding. For a copy of ACCEL's separate financial statements, Entertainment Venues 20,000 20,000 4,720 contact the Finance Director of the City. Unamortized note discount (239) 39 (200)
Total 11,379 20,000 (860) 30,519 5,612 Decommissioning provision 123,893 3,454 127,347 Business-type activities total 979,197 151,959 (26,607) 1,104,549 32,455 Government-wide total $1,894,062 $207,588 $(70,854) $2,030,796 $73,601 55
CITY OF ANAHEIM GOVERNMENTAL ACTIVITIES: Fiscal Year Ending 6/30 Principal Interest Total 2012 $ 550 $145 $ 695 BONDS PAYABLE 2013 580 118 698 2014 610 92 702 At June 30, 2011, bonds payable consisted of the following: 2015 635 67 702 2016 660 41 701 Range of Authorized Out- 2017 700 14 714 Date Tota I $3,735 $477 Final Interest Rates and standing Issued Maturity at Issue Date Issued 6/30/11 City I ease navment mnasiurement rpvpnuip 1993 General Obligation Refunding Bonds 11/01/93 u0,u51) ,/. In February 1997, the Anaheim Public Financing Authority sold $510,427 of lease 1997 Anaheim Lease Revenue Bonds 2/01/97 3/01/37 4.5%-6.0% 510,427 221,423 revenue bonds to construct public improvements in The Anaheim Resort. In June Accretion 132,945 2007, the Authority sold $256,320 of lease revenue bonds to defease $248,335 of the 2007 Anaheim Lease 1997 lease revenue bonds. The bonds are special obligations of the Authority payable Revenue Refunding Bonds 6/13/07 3/01/37 3.25/-5.5`/, 256,320 256,020 solely from lease payments to be made by the City to the Authority for the use and 2008 Anaheim Lease occupancy of the leased premises. Debt service requirements to maturity for these Revenue Refunding Bonds 12/10/08 8/01/19 3.0%-5.0% 5,084 4,326 lease revenue bonds are paid from lease payment measurement revenues (LPMR)
Total 618,449 defined as amounts equal to: 1) 3% of the 15% transient occupancy taxes (TOT) (i.e.
Unamortized bond refunding 20% of the total transient occupancy taxes) for all hotel properties in the City, costs/premium/discounts, net (5,345) excluding Disney properties, and 2) 100% of the incremental TOT, sales, and Total City bonds 613,104 property tax revenues from all Disney properties over the 1995 base, adjusted each year by the CPI change, with a minimum 2% increase annually. The City is not Redevelopment Agency 2007 Tax Allocation required to pay any additional sums should the LPMR fall short of the amount Refunding Bonds 12/20/07 2/01/31 4.25%-6.5% 201,680 201,680 required to pay debt service on the bonds. The Walt Disney Company provided a 2010 Recovery Zone guarantee to the bond insurer to enable the issuer to obtain municipal bond Economic Development Bonds 12/28/10 2/01/31 1.44%-6.22% 6570 UIJI 6515 insurance.
Unamortized bond refunding costs/premium, net (26) LPMR began on January 1, 2001, with the first payment made to the trustee on July Total Redevelopment Agency 7, 2001, for the LPMR generated during the period January through June 2001.
bonds 208,169 Subsequent to that date, LPMR is collected and remitted to the trustee monthly.
During the fiscal year ended June 30, 2011, $28,368 was remitted to the trustee.
Motorized Equipment 2008 Anaheim Lease Revenue Refunding Bonds 12/10/08 8/01/19 3.0%-5.0', 889 314 Debt service requirements to maturity for the 1997 Anaheim Lease Revenue Bonds, Total governmental activities bonds $991,025 $821,587 and the 2007 Anaheim Lease Revenue Refunding Bonds to be paid by the Anaheim Resort Improvements Debt Service Fund from future LPMR is as follows:
Bonds Payable - City Fiscal Year Ending 6/30 Principal Interest Total 2012 $ 12,995 $ 18,636 $ 31,631 General oblivation refundine bonds 2013 14,705 17,828 32,533 2014 16,540 16,917 33,457 The 1993 General Obligation Refunding Bonds were issued to finance storm drain 2015 18,510 15,894 34,404 improvements and are payable from the levy of ad valorem taxes. Total principal and 2016 20,630 14,750 35,380 interest remaining on the bonds is $4,212, payable through October 2016. During 2017-2021 72,493 123,141 195,634 the fiscal year ended June 30, 2011, total principal and interest paid was $690. 2022-2026 74,915 152,849 227,764 2024-2031 89,630 173,391 263,021 2032-2036 108,557 194,309 302,866 Debt service requirements to maturity for the 1993 General Obligation Refunding 2037 48,468 105,600 Bonds to be paid by the General Obligation Bonds Debt Service Fund from future 784,847 Total 477,443 1,262,290 property tax revenues are as follows: Unamortized bond discount (4,963) $784,847 Total bonds $472,480 $1,257,324 56
CITY OF ANAHEIM Included in interest is $132,945 related to accretion on capital appreciation bonds. 2010 Recovery Zone Economic Development Bonds Lease revenue refunding bonds - City The City's Redevelopment Agency has pledged future tax increment revenues net of the 30% Housing Set-Aside share, certain pass-through payments, and other senior Debt service requirements to maturity for the City's lease revenue bonds to be paid debt obligations (Redevelopment Agency Savi Ranch Associates note and HUD from unrestricted revenues of the Municipal Facilities Debt Service Fund are as Section 108 guaranteed loans) to repay a total of $11,550 principal and interest, follows: outstanding Recovery Zone Economic Development Bonds issued in October 2010.
Proceeds from the bonds provided financing for public improvements related to the fiscal Year Ending 6/30 Principal Interest Total merged project areas. The bonds are payable solely from future tax increment 2012 $ 414 $ 187 $ 601 revenues and are payable through February 2031. During the fiscal year ended June 2013 429 170 599 30, 2011, total interest paid and total tax increment revenues were $151 and $26,561 2014 460 151 611 respectively.
2015 479 131 610 2016 506 111 617 Debt service requirements to maturity for the Redevelopment Agency Taxable 2017-2020 2,038 209 2,247 Recovery Zone Development bonds to be paid by the Redevelopment Agency Debt Total 4,326 959 5,285 Service Fund from future tax increment revenue are as follows:
Unamortized bond discount (382) (382)
Total bonds $3,944 $ 959 $4,903 Fiscal Year Ending 6/30 Principal Interest Total 2012 $ 205 $ 371 $ 576 Bonds Payable - Redevelopment Agency 2013 210 367 577 2014 215 361 576 2007 Tax Allocation Refunding Bonds 2015 225 354 579 2016 230 346 576 2017-2021 1,325 1,563 2,888 The City's Redevelopment Agency has pledged future tax increment revenues net of 1,155 2022-2027 1,735 2,890 certain pass-through payments and other senior debt obligations (Redevelopment 2027-2031 2,370 518 2,888 Agency Savi Ranch Associates note and HUD Section 108 guaranteed loans) to repay a total of $355,257, principal and interest, outstanding tax allocation bonds issued in Total bonds $6,515 $5,035 $11,550 December 2007. Proceeds from bonds provided financing for public improvements related to the merged project areas, for the supply of low-and moderate-income housing within the City, to repay certain Redevelopment Agency loan obligations and Bonds Payable - Motorized Equipment to advance refund the 1992, 1997 and 2000 bonds. The bonds are payable solely Debt service requirements to maturity for Motorized Equipment lease revenue bonds from future tax increments revenues and are payable through February 2031. During to be paid by the Motorized Equipment Internal Service Fund from future revenues the fiscal year ended June 30, 2011, total interest paid and total tax increment revenues were $10,766 and $40,530 respectively. are as follows:
Debt service requirements to maturity for the Redevelopment Agency Tax Allocation Fiscal Year Ending 6/30 Principal Interest Total bonds to be paid by the Redevelopment Agency Debt Service Fund from future tax 2012 $314 $_7 $321 increment revenue are as follows: Total bonds $314 $_7 $321 Fiscal Year Ending 6/30 Principal Interest Total CERTIFICATES OF PARTICIPATION 2012 $ 10,766 S 10,766 2013 10,766 10,766 At June 30, 2011, certificates of participation consisted of the following:
2014 $ 1,860 10,766 12,626 2015 2,205 10,659 12,864 13,812 Range of Authorized Out-2016 3,280 10,532 2017-2021 39,950 47,990 87,940 Date Final Interest Rates and standing 2022-2027 56,170 35,602 91,772 Issued Maturity at Issue Date Issued 6/30/11 2027-2031 98,215 16,496 114,711 city Total 201,680 153,577 355,257 1993 Arena Land Refinancing 11/01/93 11/01/19 5.9%-7.50% 21,210 $12,070 Unarnortized bond refunding Total governmental costs/discount, net (26) (26) activities COPs $12,070 Total bonds $201,654 $153,577 $355,231 57
CITY OF ANAHEIM Certificates of Participation Payable - City Avenue. The loan is payable from sales tax revenue generated by Westgate, from The Community Development Block Grant yearly entitlement, and from the Certificates of participation debt service payments are to be paid from unrestricted Redevelopment Agency's property tax increment and project participation revenues revenues of the Certificates of Participation Debt Service Fund. COP debt service generated by Westgate. The outstanding balance at June 30, 2011 was $8,711. The requirements to maturity are as follows: loan bears interest ranging from 1.74% to 5.97% and is payable over 20 years beginning on February 1, 2005, until August 1, 2023. Loan debt service requirements Fiscal Year Ending 6/30 Principal Interest Total to maturity is as follows:
2012 $ 985 $ 753 $ 1,738 2013 1,065 686 1,751 2014 1,140 614 1,754 Fiscal Year Ending 6/30 Principal Interest Total 2015 1,225 537 1,762 2012 $ 397 $ 469 $ 866 2016 1,315 455 1,770 2013 435 450 885 2017-2020 6,340 861 7,201 2014 478 427 905 Total COPs $12,070 $3,906 2015 517 402 919 2016 561 374 935 2017-2021 3,711 1,312 5,023 CAPITAL LEASE OBLIGATIONS 2022-2026 2,612 221 2,833 Total notes and loans $8,711 $12,366 The City has a long-term noncancelable agreement with HP Financial Services to finance the acquisition of the City's server, desktop, and portable computer In March 2010, the City entered into an agreement with HUD, making available equipment. The agreement qualifies as a capital lease for accounting purposes as
$15,000 to fund the acquisitions of the Anaheim Family Justice Center and Miraloma defined under the FASB Statement No. 13, Accounting for Leases, and therefore has Park site, construction of the Thornton Brady storm drain and the rehabilitation of the been recorded at the present value of future minimum lease payments at the date of historic Packing House site. The loan is payable from the Community Development inception of the lease. Future minimum lease payments to be made frorn unrestricted Block Grant yearly entitlement and from the Redevelopment Agency's property tax revenues of the Information Services Internal Service Fund under the capital lease are increment. The outstanding balance of the loan at June 30, 2011, was $14,655. The as follows:
loan bears interest ranging from 1.74% to 3.97% and is payable over 20 years Fiscal Year Ending 6/30 beginning on February 1, 2011 through August 1, 2030. Loan debt service 2012 $ 1,165 requirements to maturity are as follows:
2013 916 2014 458 Fiscal Year Ending 6/30 Principal Interest Total 2015 12 2012 $ 605 $ 483 $ 1,088 Total 2,551 2013 605 478 1,083 Less amount representing interest, variable (210) 2014 615 471 1,086 Present value of future minimum lease payments $ 2,341 2015 625 462 1,087 2016 640 449 1,089 NOTES AND LOANS PAYABLE 2017-2021 3,455 1,962 5,417 2022-2026 4,040 1,297 5,337 2027-2031 392 4,462 At June 30, 2011, notes and loans payable are as follows: Total notes and loans $14,655 $5,994 $20,649 Notes and Loans Payable - City Helicopter loan payable HUD Section 108 guaranteed loans payable In January 2009, the City entered into an agreement with Government Capital In May 2003, the City entered into an agreement with HUD, making available Corporation to finance the acquisition of a police helicopter. The amount of the loan
$10,000 to provide financial assistance related to the development of Westgate on a totaled $1,799 and bears interest at 5.391'1% per annum for a term of 12 years.
former landfill site located at the northeast corner of Beach Boulevard and Lincoln Principal and interest payments of $206 are due annually beginning on December 58
CITY OF ANAHEIM 16, 2009, until December 16, 2020. The outstanding balance at June 30, 2011 was interest rate, and has a maximum term of 25 years. The Redevelopment Agency's
$1,563. Loan debt service requirements to maturity are as follows: obligation to repay the note is entirely contingent on the revenues generated by the project. The note will be forgiven at the end of the term whether or not the entire Fiscal Year Ending 6/30 Principal Interest Total amount has been repaid. At June 30, 2011, the outstanding balance of the 2012 $ 122 $ 84 $ 206 participation note was $4,615.
2013 129 77 206 2014 136 70 206 2015 143 63 206 The Redevelopment Agency entered into a purchase and sale agreement dated 2016 151 56 207 November 24, 2002, with a property owner for the purchase of a future commercial 2017-2021 882 149 1,031 development site located at 1687 West Lincoln Avenue for $900. One half of the Total notes and loans $1,563 $499 $2,062 purchase price or $450 was paid in cash and the balance of $450 by a promissory note bearing 6% simple interest per annum. The note is payable over 10 years at $3 Notes and Loans Payable - Redevelopment Agency per month with a balloon payment of $379 on its maturity date of March 1, 2013. The outstanding balance of this note at June 30, 2011 was $394.
Redevelopment Agency Savi Ranch Associates note payable Debt service requirernents to maturity for the Redevelopment Agency notes payable In July 1989, the Redevelopment Agency executed a note with Savi Ranch Associates, and contractual commitments to be paid from future revenues are as follows:
a California general partnership. The amount of the note totaled $2,707 and bears Total Fiscal Year Ending 6/30 Principal Interest interest at 9.5% per annum. The note is payable from net property tax increment as 2012 $ 196 $ 673 $ 869 defined in the Redevelopment Agency note. If there is insufficient property tax 2013 657 598 1,255 increment to pay for principal and interest at the termination of the RiverValley project 2014 304 571 875 area plan in November 2031, the note ceases to be an obligation of the 2015 335 559 894 Redevelopment Agency. For the fiscal year ended June 30, 2011, total interest paid 2016 369 546 915 2017-2021 3,328 2,357 5,685 and tax increment revenues were $259 and $259 respectively. 1,901 1,901 2022-2026 2027-2031 72 2,132 2,204 Redevelopment Agency contractual obligations 2032-2033 2,635 104 2,739 Total notes and loans $7,896 $944 $17 337 As part of the Redevelopment Agency's economic development program to attract and retain businesses in the City, the Redevelopment Agency has entered into various Notes and Loans Payable - Housing Authority contractual obligations. Generally, the Redevelopment Agency reimburses the business for its tenant improvement costs from property tax increment revenues Housing Authority CHFA loan agreements received by the Redevelopment Agency. At June 30, 2011, the outstanding balance of these obligations totaled $180. In October 2003 and October 2007, the Housing Authority entered into separate loan agreements with the California Housing Finance Agency (CHFA), to provide funding California State Teachers Retirement System (CALSTRS) has entered into an for down payment assistance to first-time homebuyers. The 2003 loan is for an amount agreement, dated December 15, 1992, with the Agency to share in the development up to $1,800 and bears 3% simple interest, with principal and accrued interest due in costs of the Plaza Redevelopment Project. In March 2004, CALSTRS assigned the October 2013. At June 30, 2011, the outstanding balance of the 2003 loan was $707.
agreement to the new owners, Pan Pacific Retail Properties, Inc. (PPRP). In October The 2007 note is for an amount up to $1,250 and bears 3.5% interest with principal 2006, Kimco Realty Corporation (KRC) acquired PPRP including the assumption of and accrued interest due in October 2017. At June 30, 2011, the outstanding balance the assigned plaza project agreement. The KRC participation note bears 7% simple of the 2007 loan was $1,034.
59
CITY OF ANAHEIM BUSINESS-TYPE ACTIVITIES: Bonds Payable - Electric Utility BONDS PAYABLE The City's Electric Utility has pledged future electric revenues, net of certain costs, to repay a total of $1,226,981 outstanding long-term obligations, principal and interest.
Range of Authorized Out- Proceeds from bonds provided financing for various capital improvements, primarily Date Final Interest Rates and standing distribution assets. The Electric Utility's bonds are payable solely from electric Issued Maturity at Issue Date Issued 6/30/11 customer net revenues and are payable through 2040. At June 30, 2011, the annual Electric Utility principal and interest payments on the bonds were less than 55.8% of net revenues.
1998 Revenue Bonds 5/01/98 10/01/ 28 4.75'-5.0% $ 65,000 S 1,770 Principal and interest paid for the current fiscal year and total net revenues were 1999 Revenue Bonds 9/01/99 10/01/227 3.0%,-5.0%, 45,000 36,925
$48,650 and $87,251 respectively.
2002 Revenue Bonds 2/15/02 10/01/2 31 3.3%-5.25%, 178,705 168,065 2003 Revenue Bonds 4/01/03 10/01/1222 3.0%-5.0%, 60,415 35,240 2004 Revenue Bonds 6/01/04 10/01/314 2.5"%-5.25%'Y 116,520 Bond debt service requirements to maturity for the Electric Utility to be paid from 131,265 2007 Revenue Bonds 2/01/07 10/01/3 37 4.0%-5.0'% 206,035 202,120 revenues are as follows:
2009 Revenue Bonds 3/10/09 10/01/3 19 3.0%-5.25'% 70,000 68,900 2011 Revenue Bonds 5/11/11 10/01/3 36 3.0"%-5.375`% 90,390 90,390 Fiscal Year Ending 6/30 Principal Interest Total Total 719,930 2012 $ 18,175 $ 34,104 $ 52,279 Unarnortizeci b)ond refunding costs/prerniunm,net 5,261 2013 18,995 33,816 52,811 Total Electric Utility 725,191 2014 19,765 32,944 52,709 2015 20,745 31,975 52,720 2016 21,725 30,969 52,694 Water Utility 123,800 136,984 260,784 2017-2021 2004 Revenue Bonds 5/01/04 10/01/1 16 4.0%-4.5% 12,105 3,550 2022-2026 133,085 105,742 238,827 2008 Revenue Bonds 7/09/08 10/01/: 18 4.0"%-5.0", 48,580 48,580 2027-2031 169,700 68,650 238,350 2010 Revenue Bonds 10/28/10 10/01/440 2.01-4.75%. 34,525 34,525 2032-2036 140,730 28,527 169,257 Total 86,655 2037-2040 53,210 3,340 56,550 Unamortized bond refunding costs/premium,net 546 Total 719,930 507,051 1,226,981 Total Water Utility 87,201 Unamortized bond refunding costs/premium, net 5,261 5,261 Sanitation Total bonds $725,191 $507,051 $1 232 242 2007 Revenue Bonds 5/23/07 2/01/39 3.9%-5.0'% 47,710 46,130 Unamortized bond premium 1,220 Bonds Payable - Water Utility Total Sanitation 47,350 The City's Water Utility has pledged future revenues from the sale of water, net of Convention, Sports and certain costs, to repay a total of $173,856 for outstanding long-term obligations, Entertainment Venues principal and interest. Proceeds from bonds provided financing for various capital 2002 Revenue Bonds 7/02/02 8/01/23 3.0'/.-5.5"X. 26,260 12,800 improvements, primarily distribution assets. The bonds are payable solely from water 2008 Anaheim Lease Revenue Refunding Bonds 12/10/08 8/01/19 3.0%-5.0% 45,847 39,705 net revenues and are payable through 2041. At June 30, 2011, the annual principal Total 52,505 and interest payments on the bonds were less than 33.2% of net revenues. Principal Unamortized bond refunding costs/premium,net (3,564) and interest paid for current fiscal year and total net revenues were $4,155 and Total Convention, Sports and Entertainment Venues 48,941 $12,523 respectively.
Total business-type activities bonds $1,061 837 $908,683 60
CITY OF ANAHEIM Bond debt service requirements to maturity for the Water Utility to be paid from Bonds Payable - Convention, Sports and Entertainment Venues revenues are as follows:
Bond debt service requirements to maturity for the Convention, Sports and Fiscal Year Ending 6/30 Principal Interest Total Entertainment Venues to be paid from revenues are as follows:
2012 S 915 $ 4,292 $ 5,207 2013 950 4,255 5,205 2014 920 4,217 5,137 Fiscal Year Ending 6/30 Principal Interest Total 2015 960 4,178 5,138 2012 $ 6,918 $ 2,310 $ 9,228 2016 1,000 4,135 5,135 2013 7,756 1,962 9,718 2017-2021 5,680 20,013 25,693 2014 8,120 1,579 9,699 2022-2026 12,830 18,084 30,914 2015 4,995 1,280 6,275 2027-2031 16,585 14,510 31,095 2016 4,424 1,091 5,515 2032-2036 20,770 9,801 30,571 2017-2020 20,122 2,103 22,225 2037-2041 26,045 3,716 29,761 2021-2024 170 14 184 Total 86,655 87,201 173,856 Total 52,505 10,339 62,844 Unamortized bond refunding Unamortized bond refunding costs/premium, net 546 546 costs/premium, net (3,564) (3,5641 Total bonds $87,201 $87,201 $74_402 Total bonds $48,941 $10,339 $59,280 Bonds Payable - Sanitation CERTIFICATES OF PARTICIPATION Range of Authorized Out-The City has pledged future Sanitation system net revenues to pay a total of $83,923 Date Final Interest Rates and standing for revenue bonds issued in May 2007. Proceeds from the bonds provided financing Issued Maturity at Issue Date Issued 6/30/11 for capital improvements to the sanitation sewer collection system. The bonds are Convention, Sports and Entertainment Venues payable solely from system net revenues and are payable through February 2039. At 1992 Convention Center June 30, 2011, total principal and interest payments on the bonds were less than Financing Project 1/01/92 8/01/23 3.9%.-6.4%, $ 92,777 $38,000 38
.5% of net revenues. Total principal and interest paid and total system net revenues Total Convention, Sports and Entertainment Venues $38,000 for the current fiscal year were $2,998 and $7,783 respectively.
Bond debt service requirements to maturity for Sanitation to be paid from revenues Certificates of Participation Payable - Convention, Sports and Entertainment Venues are as follows:
Certificates of participation debt service requirements to maturity for the Convention, Fiscal Year Ending 6/30 Principal Interest Total Sports and Entertainment Venues Fund to be paid from unrestricted revenues are as 2012 $ 835 $ 2,160 $ 2,995 follows:
2013 880 2,119 2,999 2014 920 2,079 2,999 Fiscal Year Ending 6/30 Principal Interest Total 2015 955 2,042 2,997 2012 $ 2,350 $ 2,350 2016 1,005 1,994 2,999 2013 2,350 2,350 2017-2021 5,720 9,264 14,984 2014 2,350 2,350 2 022-2026 7,225 7,762 14,987 2015 $ 3,500 2,345 5,845 2027-2031 9,020 5,964 14,984 6,395 2016 4,500 1,895 2032-2036 11,370 3,618 14,988 2017-2021 8,200 27,100 4,685 31,785 2037-2039 791 8,991 2022-2024 2,900 206 3,106 Total 46,130 37,793 83,923 1,220 Total COPs $38,000 $16,181 $54,181 Unamortized bond premium 1,220 Total bonds $47,350 j37,793 $85,ý143 61
CITY OF ANAHEIM NOTES PAYABLE ARBITRAGE Note Payable- Water Utility The Tax Reform Act of 1986 (Act) substantially revised the treatment to be afforded to earnings on the proceeds of tax-exempt debt, and now requires the City to calculate At June 30, 2011, notes payable are as follows: and remit rebatable arbitrage earnings to the Internal Revenue Service. Certain of the City's debt and interest earned on the proceeds thereof are subject to the requirements State of California Revolvin2 Fund note payable of the Act. The City has accrued a liability for estimated rebatable arbitrage earnings and has set aside such earnings as restricted cash. At June 30, 2011, the arbitrage In June 2001, the Water Utility executed a note payable to the State of California rebate liability for governmental and business-type activities was zero and $534 Revolving Fund at a rate of 2.8% in the amount of $18,063. There are semi-annual respectively.
payments of principal and interest in the amount of $592 through July 31, 2021. The outstanding balance on this note at June 30, 2011, totaled $10,719. DEBT ISSUANCES Notes debt service requirements to maturity for the Water Utility are as follows: City - Debt Issuance Fiscal Year Ending 6/30 Principal Interest Total In July 2010, the City received the remaining $7,000 of the total $15,000 HUD 2012 $ 892 $ 293 $ 1,185 2013 1,185 Section 108 loan. Proceeds of the loan provide financing for the rehabilitation of the 917 268 2014 943 242 1,185 historic Packing House site. Total debt service payments over the life of the $7,000 2015 969 216 1,185 loan until fiscal year 2031 will be $9,873.
2016 996 189 1,t85 2017-2021 5,418 506 5,924 Redevelopment Agency - Debt Issuance 2022 584 8 592 Total 10,719 1,722 12,441 Unamortized note discount 1200) (200) In October 2010, the Redevelopment Agency issued taxable Recovery Zone Total notes and loans $10,519 $12_241 Economic Development Bonds in the principal amount of $6,570. The proceeds totaled $6,532, of which $5,782 was deposited in an acquisition fund to provide financing for public improvements related to the merged project areas, $657 was Note Payable - Convention, Sports and Entertainment Venues deposited in the required reserve fund, and $93 was used to pay the costs of issuance.
Wells Faron Rink lenpA revpniip nntp The total debt service payments over the life of the bonds until fiscal year 2031 will be $11,701.
In December 2010, the City executed a lease revenue note with the Wells Fargo Bank, National Association to provide financing for the capital improvements of the The Redevelopment Agency will receive a cash subsidy payment from the federal Anaheim Convention Center Grand Plaza. Principal amount of the note is $20,000 government equal to 45% of the interest cost on the Recovery Zone Economic and bears a 1.85% interest per annum. The note is payable monthly, commencing in Development Bonds as principal and interest payments are made.
January 2011 and matures in December 2014.
Electric Utility - Debt Issuance Note debt service requirements to maturity to be paid from the unrestricted revenues of the Convention, Sports and Entertainment Venues Fund are as follows: In May 2011, the Electric Utility issued revenue bonds in the principal amount of
$90,390. The proceeds totaled $93,262, of which $85,004 was deposited in Fiscal Year Ending 6/30 Principal interest Total construction fund to finance electric distribution system improvements and a 2012 $ 4,720 $ 326 $ 5,046 customer information system, $7,500 was deposited in the required reserve fund and 2013 5,000 237 5,237 2014 5,095 143 5,238
$758 was deposited in the cost of issuance fund. The total debt service payments over 2015 5,185 48 5,233 the life of the bonds until fiscal year 2037 will be $170,370.
Total note $20,O000 $ 754 $20,754 62
CITY OF ANAHEIM Water Utility - Debt Issuance CONDUIT FINANCINGS In October 2010, the Water Utility issued revenue bonds Series 2010-A and 2010-B City in an aggregate principal amount of $34,525. The aggregate proceeds totaled
$35,243, of which $34,827 was deposited in a project acquisition fund to finance The City has entered into two conduit financings on behalf of a community care capital improvements to the Water Utility's infrastructure and $416 was deposited in provider facility and one to facilitate the management agreement for the Honda Center (formerly the Arrowhead Pond) of Anaheim. In accordance with applicable the cost of issuance fund. The total debt service payments over the life of the bonds agreements, the City has no obligation for debt service payments and therefore, the until fiscal year 2041 will be $75,927.
debt is not reflected in the accompanying basic financial statements. Bonds payable and certificates of participation related to conduit financings outstanding at June 30, The Series 201 0-A bonds were issued as tax-exempt bonds in the amount of $4,835.
2011, were as follows:
The Series-B bonds were issued in the amount of $29,690 as federally taxable Build America Bonds. The Water Utility will receive a cash subsidy payment from the Date Final Amount Outstanding federal government amounting to 35% of the interest cost on the Build America Issued Maturity Issued 6/30/11 Bonds as principal and interest payments are made. 1985 West Anaheim Convalescent Home 12/30/85 12/01/15 $ 3,204 $ 1,419 Convention, Sports and Entertainment Venues - Debt Issuance 1993 Anaheim Memorial Hospital Association 10/15/93 05/15/20 46,690 23,415 In December 2010, the City issued a revenue note in the principal amount of 2003 Anaheim Arena Financing Project 12/11/03 06/01/23 42,600 34,500
$20,000. $19,840 of the note proceeds were deposited in a construction fund to finance capital improvements of the Convention Center Grand Plaza and $160 was Total $92,494 $59,334 used to pay the costs of issuance. The total debt service payment over the life of the note until fiscal year 2015 will be $20,924. Anaheim Housing Authority The Anaheim Housing Authority has entered into conduit debt financings on behalf Debt Defeased of various developers to assist with the acquisition, construction, equipping, rehabilitation and refinancing of multifamily residential rental projects within the City Certain bonds and certificates of participation defeased by the City prior to June 30, of Anaheim. In accordance with the bond documents, neither the City nor the 2011, are summarized below: Housing Authority has an obligation for debt service payments and therefore, the debt Outstanding is not reflected in the accompanying basic financial statements. Housing Authority 6/30/11 revenue bonds related to conduit financings outstanding at June 30, 2011, were as Redevelopment Agency follows:
1986 Tax Allocation Refunding Bonds $38,410 Date Final Amount Outstanding Electric Utility Issued Maturity Issued 6/30/11 Electric System Certificates of Participation, issue of 1997 $ 725 1985 West Anaheim Royale 12/01/85 12/01/15 $ 4,664 $ 2,074 1992 Heritage Village Park 11/12/92 11/12/07 8,485 5,485 1997 Casa Granada Apartments 05/15/97 05/15/27 3,795 3,095 In each of these refundings, the proceeds of the refunding issues were placed in 1997 Monterey Apartments 05/15/97 05/15/27 4,545 3,645 irrevocable escrow accounts and invested in government securities that, together with 1997 Port Trinidad Apartments 05/15/97 05/15/27 2,140 1,740 interest earnings thereon, will provide amounts sufficient for future payments of 1998 Sage PlarkProject 11/01/98 11/01/28 5,500 5,500 2000 Cobblestone Apartments 07/20/00 03/15/33 3,980 3,580 interest and principal on the issues refunded. Refunded debt is not included in the 2000 Park Vista Apartments 07/24/00 07/01/33 27,180 27,180 City's accompanying basic financial statements as the City has satisfied its obligation 07/1 5/33 7,000 2000 Seawinds Apartments 07/210/00 6,300 through the in-substance defeasance of these issues. 2001 Solara Court Apartments 01/01/01 12/01 /34 8,200 5,744 2008 Bel Age Manor Apartments 02/01/08 02/01/44 22,350 21,728 2009 Lincoln Anaheim Apartments Phase B 05/15/09 04/15/39 23,217 9,352 Total $121,056 $ 95,423 63
CITY OF ANAHEIM Mello-Roos Community Facilities Districts rely solely on revenue generated through wastewater activities for repayment.
Summary financial information for wastewater activities is presented below:
The City issued special tax bonds to finance construction in various Community Facilities Districts. These bonds were authorized pursuant to the Mello-Roos Condensed Statement of Net Assets Community Facilities Act of 1982. The bonds are payable from a special assessment tax and are non-recourse bonds secured by the properties. Neither the faith and credit Assets:
nor the taxing power of the City, the State of California or any political subdivision of Cash and cash equivalents $ 7,059 either of the foregoing is pledged to the payment of the bonds. The bonds are not Investments 9,921 general or special obligations of the City, nor do they contain any credit Other current assets 1,886 enhancements that secondarily pledge existing or future resources of the City, Restricted cash and cash equivalents 27,861 Capital Assets, net 82,684 accordingly they are not reflected in the accompanying basic financial statements.
The City is acting as agent only for the property owners in collecting the special Total assets 129,411 assessments and forwarding the collections to the fiscal agent. This activity is Liabilities:
recorded in an agency fund in the basic financial statements. Current liabilities 999 Current liabilities payable from restricted assets 1,608 At June 30, 2011, the City has the following outstanding Mello-Roos special tax Noncurrent liabilities 46,515 bonds: Total liabilities 49,122
" In June 1989, the City issued $26,620 in special tax bonds to finance a portion Net Assets:
of the cost of acquisition and construction of facilities in East Anaheim Hills. Invested in capital assets, net of related debt 55,602 In April 1995, $15,389 of the 1989 bonds were advance refunded through the Restricted for debt services 348 Anaheim Public Financing Authority and in June 2004, $11,160 of the 1995 Restricted for capital projects 6,436 bonds were refunded through the Authority. In December 1999, $7,720 of the Unrestricted 17 8903 1989 bonds were refunded by the City. At June 30, 2011, the 2004 Anaheim Total net assets $ 80,289 Public Financing Authority bonds outstanding amounted to $5,075, and the 1999 Mello-Roos bonds outstanding amounted to $2,910.
Condensed Statement of Revenues, Expenses and Changes in Fund Net Assets
- In February 2007, the City issued $9,060 in special tax bonds to finance a portion of the cost of acquisition and construction of facilities in the Platinum Waste water fees (pledged against bonds) $ 11,577 Triangle. At June 30, 2011, the 2007 Mello-Roos bonds outstanding Depreciation and amortization (1,623) amounted to $8,595. Other operating expenses (4,030)
Total operating income 5,924 tIn August 2010, the City issued $28,630 in special tax bonds, Series 2010 to Nonoperating income (expenses) finance a portion of the cost of acquisition and construction of facilities in the Interest income 227 Platinum Triangle and to fund a reserve fund for the Series 2010 Bonds. At June Other nonoperating income 9 30, 2011, the 2010 Mello-Roos bonds outstanding amounted to $27,925. Interest expense (1,938)
Capital contribution 4,288 NOTE 8 - SEGMENT INFORMATION: Transfers in 318 Transfers out (397)
Total nonoperating income expense 2,507 The Sanitation Fund issued revenue bonds to finance sewer system expansion and improvements. The Sanitation Fund accounts for three activities: solid waste Change in net assets 8,431 collection, wastewater, and street cleaning. However, investors in the revenue bonds Net assets at beginning of year 71,858 Net assets at end of year $ 80,289 64
CITY OF ANAHEIM Condensed Statement of Cash Flows Funding Policy Net cash provided by (used in): Participants are required to contribute 8.0% (9.0% for fire and police safety Operating activities $ 7,960 employees) of their annual covered salary. For miscellaneous employees the City pays Noncapital financing activities (384) 7% of the participant contributions and the employee pays 1%. For police safety, the Capital and related financing activities (10,228) city pays the entire 9% of the participant contributions. For fire safety employees, the Investing activities 937 entire 9% is paid by the employees. In addition, the City is required to contribute at Net decrease (1,715) an actuarially determined rate applied to annual covered payroll. The contribution Beginning cash and cash equivalents 36,635 requirements of plan members and the City are established and may be amended by Ending cash and cash equivalents $ 34,920 PERS. For fiscal year 2011, PERS contribution rates were as follows:
City Contribution Employee Contribution Reconciliation of cash and cash equivalents Paid by Paid by Paid by Paid by Plan City Employee City Employee Total Cash and cash equivalents $ 7,059 Miscellaneous 15.917% 0.6349% 7.000% 1.0001% 24.551%
Restricted cash and cash equivalents 27,861 Police Safety 26.513% 0.000% 9.000% 0.000't, 35.513%
Total cash and cash equivalents $ 34,920 Fire Safety 23.994% 0.000% 0.000/% 9.000% 32.994%
NOTE 9 -WESTGATE POLLUTION REMEDIATION OBLIGATION: Annual Pension Cost In June 2003, the Redevelopment Agency acquired property located at 2951 West For fiscal year 2011, the City's annual pension cost of $51,913 for PERS was equal to Lincoln Avenue as a part of a redevelopment project named the Westgate project. the City's required and actual contributions. The required contribution was Approximately 11 acres of the property were formerly known as the Sparks and Rains determined as a part of the June 30, 2008 actuarial valuations.
Landfills. The County of Orange was the operator of these landfills until 1960. In November 2008, the County agreed to pay the Redevelopment Agency $5,176 in The City's annual pension cost, the percentage of annual pension cost contributed to settlement of claims related to the pollution remediation for the Westgate project site the plans, and the net pension obligation for the fiscal years ended June 30, 2009, prior to the development of a shopping center. The total costs of the pollution 2010 and 2011 are as follows:
remediation work is estimated to be $5,541 based on actual contract bids received or average cleanup costs applicable to the project. The Redevelopment Agency Fiscal Year Annual Percentage of Net Pension anticipates no significant costs increases from the estimates. At June 30, 2011, the Ending Pension Cost (APC) APC Contributed Obligation 6/30/09 $54,200 100% $0 estimated outstanding pollution remediation obligation for the Westgate project was
$720. 6/30/10 56,000 1001% $0 6/30/11 51,913 1000/, $0 NOTE 10 - RETIREMENT PLANS: Funded Status and Fundine Progress Retirement System Actuarial valuation of an ongoing plan involves estimates of the value of reported amounts and assumptions about the probability of occurrence of events far into the The City contributes to the California Public Employees' Retirement System (PERS),
future. Amounts determined regarding the funded status of the plan and the annual an agent multiple-employer public employee defined benefit pension plan. PERS required contributions of the employer are subject to continual revision as actual provides retirement and disability benefits, annual cost-of-living adjustments, and results are compared with the past expectations and new estimates are made about death benefits to plan members and beneficiaries. PERS acts as a common investment the future.
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. A copy of PERS' annual financial report may be obtained.
@www.calpers.ca.gov 65
CITY OF ANAHEIM The table below displays the funding progress of the three plans and is based upon Understanding. The retired plan members receiving benefits make varying the most recent actuarial valuation data: contributions toward the cost of these benefits depending on the retiree's Medicare eligibility, year of hire, age and employee group. Retiree contributions for the fiscal Actuarial Unfunded LiLas a year ended June 30, 2011, were 1.7% of total payroll.
Actuarial Value of Liability l:UndotlRatios Annual "%of Viluation Assets Accrued WUO., AVA Market COwered lNyroll Plan Date fAVA) Liability (B)-(A) (A/f(B) Value Payroll (CA(E) In June 2008, the City joined the California Employer's Retiree Benefit Trust Program Miscellaneous 06/30/10 $783,241 $968,464 $185,223 80.9% 63.1% $116,877 158.5%
(CERBT) to pre-fund OPEB liabilities. The CERBT is an agent multiple employer plan PoliceSafety 06/30/10 432,262 519,062 86,800 83.3% 65.4% 45,620 190.3%
consisting of an aggregation of single-employer plans, with pooled administrative and Fire Safety 0613[t/10 263,280 317,672 54,392 82.9% 64.9% 24,746 219.8% investment functions that are administered by PERS. A copy of the aggregated CERBT annual financial report may be obtained @www.calpers.ca.gov The schedule of funding progress, presented as required supplementary information following the notes to the financial statements, presents multi-year trend information, The City contributes an amount not less than the annual required contribution (ARC) which shows whether the actuarial value of plan assets is increasing or decreasing of the employer. The ARC is an amount actuarially determined in accordance with over time relative to the actuarial accrued liability for benefits. the parameters of GASB Statement No. 45. The ARC represents a level of funding that, if paid on an ongoing basis, is projected to cover normal costs each year and amortize Actuarial Methods and Assumptions any unfunded actuarial liabilities over a period not to exceed thirty years. The ARC rate for the fiscal year ended June 30, 2011, was 6.26% of total payroll.
In the June 30, 2010 actuarial valuations, the entry age actuarial cost method was used. The actuarial assumptions included: fa) 7.75% investment rate of return (net of Annual OPEB Cost and Net OPEB Asset administrative expenses), (b) projected annual salary increases that vary by duration of service, and (c) 2% per year cost-of-living adjustments. Both (a) and (b) included The City's annual OPEB cost, amount actually contributed to the plan, and changes an inflation component of 3%. The actuarial value of PERS assets was determined in the City's net OPEB asset for the fiscal year ended June 30, 2011, are as follows:
using techniques that smooth the effects of short-term volatility in the market value of investments over a 15-year period (smoothed market value). The PERS unfunded ARC $10,266 actuarial accrued liability is being amortized as a level percentage of projected Interest on net OPEB asset (736.)
payroll on a closed basis. The average remaining amortization periods were 22 years Adjustment to ARC 602 for the miscellaneous plan and 30 years for safety police and fire plans for years of Annual OPEB cost $10,132 service unfunded.
Contributions made $10,266 Other Post-employment Benefits Annual OPEB cost (10,132)
Change in OPEB asset 134 In addition to the pension benefits described above, the City provides other post- Net OPEB asset - beginning of year 9,495 employment benefits (OPEB) as a single-employer defined benefit healthcare plan. Net OPEB asset - end of year $ 9,629 The OPEB provides medical, dental and life insurance benefits to eligible retirees (hired prior to January 1, 1996, Anaheim Police Association employees hired prior to The City's annual OPEB cost, the percentage of annual OPEB cost contributed to the July 6, 2001, and Anaheim Fire Association employees hired prior to November 9, plan, and the net OPEB asset for the fiscal year ended June 30, 2011 are as follows:
2001) in accordance with City Personnel Resolutions and various Memoranda of Understanding. Eligible employees hired after the dates above have access to the Fiscal Year Annual Percentage of Annual OPEB City's medical and dental plans but do not receive a defined benefit. There are no Ending OPEB Cost OPEB Cost Contributed Asset separately issued financial statements for the OPEB. 6/30/09 $ 6,998 102.2% $9,341 6/30/10 7,108 102.2% 9,495 Funding Policy 6/30/11 10,132 101.3%, 9,629 The contribution requirements of plan members and the City are established in accordance with City Personnel Resolutions and various Memoranda of 66
CITY OF ANAHEIM Funded Status and Funding Progress NOTE 11 - JOINT VENTURES AND JOINTLY-OWNED PROPERTIES:
Actuarial valuation of an ongoing plan involves estimates of the value of reported Authority for Orange County - City Hazardous Materials Emergency Response amounts and assumptions about the probability of occurrence of events far into the future. Amounts determined regarding the funded status of the plan and the annual The City participates in a joint powers authority, the Authority for Orange County-City required contributions of the employer are subject to continual revision as actual Hazardous Materials Emergency Response (Hazmat), for the purposes of responding results are compared with the past expectations and new estimates are made about to, assessing the nature of, and stabilizing any emergency created by the release or the future. The schedule of funding progress, presented as required supplementary threatened release of hazardous materials.
information following the notes to the financial statements, will present multi-year trend information in subsequent years, that will show whether the actuarial value of The following entities are members of Hazmat: City of Anaheim, Orange County Fire plan assets is increasing or decreasing over time relative to the actuarial accrued Authority, the City of Santa Ana, and the City of Huntington Beach. Members of the liability for benefits. Board of Directors (Hazmat Board) consist of one voting Board member and an alternate appointed by the governing body from the City of Anaheim, Orange County The table below displays the funding progress of the plan and is based upon the most Fire Authority, the City of Santa Ana, and the City of Huntington Beach.
recent actuarial valuation data:
Distribution of fair share contributions to reimburse the provider agencies are as Actuarial Unfunded LILas a follows: City of Anaheim, 27.3%; Orange County Fire Authority 27.3%; City of Santa Actuarial Value of Liability Annual %of Ana, 27.3%; and City of Huntington Beach, 18.1%.
Valuation Assets Accrued (UtL) AVA Covered Payroll Date (AVA) Liability (Bt-tA) Payroll (C0/0
$211,914 $147,994 30.2%~ $177,229 83.5% At the direction of the Hazmat Board, revenues are disbursed to the provider 06/30/10 $63,920 agencies at the end of each preceding quarter. Unaudited financial information for the joint powers authority as of and for the year ended June 30, 2011, was as follows:
Actuarial Methods and Assumptions Total assets $ 56 Projections of benefits for financial reporting purposes are based on the substantive Total liabilities 42 plan (the plan as understood by the employer and plan members) and include the Members' equity 14 types of benefits provided at the time of each valuation and the historical pattern of Total revenues 122 sharing of benefits costs between the City and plan members to that point. The Total expenses 168 actuarial methods and assumptions used include techniques that are designed to Revenues over expenses (46) reduce short-term volatility in the actuarial accrued liability and the actuarial value of assets, consistent with the long-term perspective of the calculations.
Hazmat does not have any debt outstanding at June 30, 2011.
In the July 1, 2010, actuarial valuation, the entry age normal actuarial cost method was used. The actuarial assumption included a 7.75% investment rate of return, an The City has no significant equity interest in Hazmat, and accordingly neither assets nor liabilities of Hazmat have been recorded in the City's basic financial statements.
annual healthcare cost trend rate ranging from 8.00 % - 13 .00% initially and For a copy of Hazmat's separate financial statements, contact the Finance Director of declining to 5.50% by 2018, and an inflation factor of 3.00%. The OPEB unfunded actuarial accrued liability is being amortized as a level percentage of payroll over a the City.
closed 30-year period. The remaining amortization period as of July 1, 2010, is 27 Metro Cities Fire Authority years.
The City participates in a joint powers authority, Metro Cities Fire Authority (Fire Authority), for the purpose of providing a central communication network and record 67
CITY OF ANAHEIM keeping system to support fire suppression, emergency medical assistance, rescue As a former participant in SONGS, the Electric Utility is subject to assessment of service, and related services provided by the members of the Fire Authority. retrospective insurance premiums in the event of a nuclear incident at SONGS or any other licensed reactor in the U.S.
The following entities are members of the Fire Authority: City of Anaheim, City of Fountain Valley, City of Fullerton, City of Garden Grove, City of Huntington Beach, NOTE 12 - COMMITMENTS AND CONTINGENCIES:
City of Newport Beach, and the City of Orange.
Intermountain Power Agency Public entities in Orange County may receive services from the Fire Authority by executing an agreement and paying a fair share contribution. Unaudited financial The Electric Utility has entered into a power purchase contract with tile information for the Fire Authority as of and for the year ended June 30, 2011, was as Intermountain Power Agency (IPA) for delivery of electric power. The share of IPA follows: power is equal to 13.225% of the generation output of IPA's two recently uprated coal-fueled generating units located in Delta, Utah. The City is obligated for the Total assets $2,481 following percentage of electrical facilities at IPA:
Total liabilities 632 Members' equity 1,849 Generation Entitlement Expiration Total revenues 4,712 Intermountain Power Project 13.2% 2027 Total expenses 4,749 Revenues over expenses (37) The contract constitutes an obligation of the Electric Utility to make payments from revenues and requires payment of certain minimum charges. These minimum The City has no significant equity interest in the Fire Authority, and accordingly charges include debt service requirements on the financial obligations used to neither assets nor liabilities of the Fire Authority have been recorded in the City's construct the plant. These requirements are considered a cost of purchased power.
basic financial statements. For a copy of the Fire Authority's separate financial statements, contact the Finance Director of the City. Southern California Public Power Authority Jointly-owned utility plants The Electric Utility is a member of the Southern California Public Power Authority (SCPPA), a joint powers agency. SCPPA provides for the financing and construction The City's Electric Utility owns a 10.04% ownership interest in the coal-fired San of electric generating and transmission projects for participation by some or all of its Juan Generating Station, Unit 4 (SJ), located near Waterflow, New Mexico. The other members. To the extent the Electric Utility participates in projects developed by participants in SJ and their respective ownership include: Public Service of New SCPPA, it is obligated for its proportional share of the cost of the project. The City is Mexico, 45.48%; City of Farmington, New Mexico, 8.48%; County of Los Alamos, obligated for the following percentage of electrical facilities owned by SCPPA:
New Mexico, 7.20%; and M-S-R Public Power Agency, 28.80%. There are no separate financial statements for this venture, as each participant's interest in the Transmission Entitlement Expiration utility plant is included in their respective financial statements. The City's cumulative Soutner Transmission System (STS) 17.6% 2027 share of construction costs included in the utility plant at June 30, 2011, amounted Mead-Adelanto Project (MAP) 13.59%, 2030 to $78,973. The City's bonded indebtedness incurred to finance the purchase of the Mead-Phoenix Project (MPP) 24.2% 2030 10.04% ownership interest is also included in the basic financial statements.
Generation Entitlement Expiration The City sold its 3.16% ownership interest of SONGS to SCE on December 29, 2006. Hoover Dam Uprating (Hoover) 42.6% 2018 Accordingly, the Electric Utility ceased recording all related operating expenses, Magnolia Generating Station (Magnolia) 38.0%Y 2037 except marine mitigation costs and spent fuel storage charges, as of December 29, Canyon Power Project 100.00/, 2040 2006. Based on the SONGS settlement agreement, the Electric Utility is responsible Natural Gas Reserve Projects:
for the City's share of marine mitigation costs up to $2,300, and SCE is responsible SCPPA Natural Gas Project - Pineclale, Wyoming 35.7% 2033 for costs between $2,300 and $7,300. The Electric Utility is responsible for spent fuel SCPPA Natural Gas Project - Barnett, Texas 45.5% 2033 storage charges until the federal government takes possession.
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CITY OF ANAHEIM Take or pay commitments on April 30, 2041. The Agreement was amended on October 15, 2003 to extend the term of the lease to February 28, 2043. In January 2003, the Redevelopment Agency As part of the take or pay commitments with IPA and SCPPA, the Electric Utility has converted its sublicense to a sublease and is paying $34 in monthly rent through agreed to pay its share of current and long-term obligations. Payment for these January 2006. The agreement also provides for the rent to increase by 6 % every 3 obligations will be made from the operating revenues received during the year that years. Future minimum lease payments to be made from unrestricted revenues of the the payment is due. A long-term obligation has not been recorded on the Redevelopment Agency Capital Project Funds are as follows:
accompanying basic financial statements for these commitments. The following schedule details the amount of debt service that is due and payable by the Electric Fiscal Year Ending June 30 Utility for each project and the final maturity date. 2012 $ 464 2013 479 Fiscal 2014 479 Year Natural 2015 492 Ending 6/30 IPA ST5 MAP M*PP Hoover Magnolia Gas Canyon Total 2016 508 2017-2021 2,658 2012 $ 41,645 $ 8,096 $ 3,072 $ 1,589) $ 956 $ 6,195 $ 8,1015 $ 12,770 $ 82,428 2022-2026 2,937 2013 311,874 16,398 3,0816 1,922 958 8,75q 8,0% 12,770 90,863 2027-2031 3,242 2014 38,541 14,782 3,1191 1,925 957 8,766 7,369 12,770 88,201 2032-2036 3,558 2015 39,268 14,819 3,06,3 1,611 958 8,766 7,147 12,770 88,402 2037-2041 3,931 2016 33,374 14,870 3,060 1,651 957 8,768 7,094 19,501 8q,275 2042-2044 1$404 2017-2021 156,613 711,931 14,525 7,7135 1,913 36,28( 27,949 97,511 413,516 _$20,152 2022-2026 25,546 56,885 36,193 18,288 97,510 234,422 Total 2027-2031 12,728 381,268 12,536 97,5181 161,0501 2032-2016 39.634 3,815 97,512 140,9611 In March 2003, the Redevelopment Agency sub-leased a portion of the easement to 4
2037-21)401 26,282 78,014 10 ,296 G.D. Heil, Inc., a developer, for a period of 5 years with an option to extend up to 32 Total $373,861 $209,509 S29,897 $16,483 $6,699 $217,920 $100,399 $538,646 $1,493,414 years or a total of 37 years. The initial sub-lease is at $5 per month and increase by 6% every 3 years. The following are the annual future minimum lease revenues In addition to debt service, the City's entitlement requires the payment for fuel costs, under this lease.
operations and maintenance (O&M), administration and general (A&G) and other miscellaneous costs associated with the generation and transmission facilities Fiscal Year Ending June 30 discussed above. These costs do not have a similar structured payment schedule as 2012 $ 68 debt service, however, prior experience indicates that annual costs are generally 2013 71 consistent from year to year. The fiscal year 2011 expenses for fuel, O&M, A&G and 2014 71 other costs at these projects were as follows: 2015 71 Natural 2016 76 Fiscal Year IPA STS MAP MPP Hoover Magnolia Gas Tnola 2017-2021 392 2022-2026 436 2011 $43;270 $5,046 $229 $290 $428 $20,758 $1,143 $71,164 2027-2031 479 2032-2036 525 Operating Leases 2037-2039 228 Total $2,417 In April 2001, the Redevelopment Agency entered into an agreement with Katella Operating Properties It, LLC to sublicense/sublease an 8.9 acre Southern California In January 2003, the Redevelopment Agency entered into a ground lease agreement Edison easement (easement) located between Anaheim Boulevard and Claudina Way. with Loan Pham, a property owner, for a period of 55 years, which is payable in The Redevelopment Agency gained long term control of the property as part of its advance at $71 per year, increasing by 10% every 4 years. Future minimum lease overall efforts to redevelop the area for hotel or commercial development. The term payments to be made from unrestricted revenues of the Redevelopment Agency of the sublicense/sublease is for 40 years commencing on May 1, 2001 and ending Capital Project Funds are as follows:
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CITY OF ANAHEIM Fiscal Year Ending June 30 39.2 years. The trustee sublet the facility back to the City for 20 years, which was 2012 $ 86 shorter than the then remaining term of the management agreement between the 2013 86 third-party manager at that time (Manager) and the City in consideration of an 2014 86 advance rental payment for the entire lease term. At the end of the sublease, the City 2015 95 has a purchase option to purchase the trustee's rights under the lease for a fixed 2016 95 2017-2021 501 amount. The advance rent payments to the City were deposited into a trust fund and 2022-2026 561 invested. The cash scheduled to be available from this trust fund is sufficient to pay 2027-2031 641 the City's rent payments for the term of the sublease and to exercise the City's 2032-2036 719 purchase option at the end of the sublease. The excess of the amount of the advance 2037-2041 806 2042-2046 904 rent payment made by the trustee to the City over the deposit to the trust funds, after 2047-2051 1,033 the payment of transaction expenses and payment to the Manager for agreeing to 2052-2056 1,160 pledge its interest as Manager under the management agreement then in effect and 2057 244 agreeing to undertake certain additional obligations to the transaction, was Total S7,017 approximately $4,000. This amount was recognized by the City as deferred revenue and is being amortized over the sublease term. The City has secured its obligations to In January 2005, the City entered into a long term noncancelable ground lease with the other parties to these lease transactions by a pledge of its respective interest in City of Fullerton, for an approximately 1.56 acre site at the Fullerton Municipal revenues from the facility, subordinate (with certain exceptions) to any interests of the Airport for the operation of the Anaheim Police Department Heliport. The term of the debt holders of the facility. The City's obligations under these lease transactions are lease is 40 years with two 10-year extensions commencing from January 2005 and considered to be defeased in substance, and therefore the related liabilities as well as ending December 2044. The base rent is adjusted every five years by ten percent the trust assets have been excluded from the City's financial statements. The City's and (10%). The City constructed a building of approximately 30,000 square feet that AAM's respective rights under the FMA are subject in certain respects to the effect of includes offices, aircraft maintenance and storage facilities and other infrastructure the 1999 lease transaction.
supporting such facilities on the leased premise. Future minimum lease payments to be made from unrestricted revenues of the General Fund are as follows: Effective December 16, 2003, the City and Anaheim Arena Management LLC (AAM) entered into a Facility Management Agreement (FMA) whereby AAM has the Fiscal Year Ending June 30 exclusive right and license to manage, maintain and operate all aspects of the Honda 2012 $ 54 Center in accordance with the FMA through June 30, 2023, with an option to extend 2013 54 2014 54 the term for an additional period not to exceed 10 years. Annual distributions to the 2015 57 City, AAM and the County of Orange are required for their respective share of 2016 59 adjusted net revenues, as defined in the FMA. In the event that cash on hand is 2017-2021 305 insufficient to pay operating expenses, debt service, distributions to the City, the 2022-2026 336 2027-2031 369 County of Orange, or other amounts payable, AAM shall make or cause art affiliate 2032-2036 406 or third-party lending institution to make loans for such purposes, as defined in the 2037-2041 447 FMA. Such funds will be repaid from gross revenues or adjusted net revenues, if any, 2042-2044 334 as defined in and in accordance with disbursement priorities established in the FMA.
Total minimum future rentals $2,475 At June 30, 2011, the outstanding conduit debt on the Honda Center totaled
$34,500. The debt is non-recourse, payable from revenues generated by the facility.
The Honda Center Neither the faith and credit nor the taxing power of the City is pledged to the payment of the debt. The debt is not a general or special obligation of the City, nor does it On January 26, 1999, the City entered into a series of lease transactions for the contain any credit enhancements that secondarily pledge existing or future resources Honda Center. Under these transactions, the City leased the Honda Center to a third of the City (other than revenues generated by the facility), and accordingly it is not party trustee acting for the benefit of an equity investor for a term of approximately reflected in the accompanying basic financial statements.
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CITY OF ANAHEIM Angel Stadium of Anaheim maximum of $240 in any given year. The City may elect to terminate the agreement prior to expiration of the term under certain conditions, and pay the unamortized On May 14, 1996, the City and the California Angels, LP I.Team), which was then balance of capital assets purchased during the term to Nederlander. Concurrent with managed by Disney Sports Enterprises, Inc. (subsequently known as Anaheim Sports, the amendment to the management agreement, the parking license fee agreement Inc.), entered into an agreement to provide for the operation and refurbishment of the was amended, wherein the parking license fees from Nederlander were reduced to Stadium. Pursuant to the agreement, the Team assumed responsibility for the $176 and are subject to adjustment annually based on CPI increases. Nederlander operation of the Stadium on October 1, 1996. The agreement runs for 33 years paid the City $181 for the year ended June 30, 2011, for parking and common area (subject to a limited Team option to cancel at 20 years and the Team's right to extend maintenance.
the term).
Muzeo Under the terms of the agreement, the Team assumed full responsibility for all Stadium operations and maintenance, including capital maintenance. The Team In October 2007, the City and Redevelopment Agency entered into a property books all Stadium and parking lot events (except for ten annual City events), pays all operating agreement with the Muzeo Foundation to operate and provide expenses, and retains all revenue (subject to the City's rights to share in certain net programming for the Muzeo, the downtown museum. The property operating revenues) except that the City credits the Team Lip to $500 per year adjusted annually agreement is for a term of 30 years and provides for a line of credit for the first 3 years for CPI for a capital reserve, calculated on the basis of property taxes. The City's from the City to the Muzeo Foundation in an amount not to exceed $1,000 or 95%
participation in net revenues includes amounts received by the Team above certain of pledges at an annual interest rate of 5%. The property operating agreement was thresholds including paid admissions ($2.00 per paid admission in excess of 2.6 amended on August 1, 2010, to extend the maturity date to June 30, 2015. It also million admissions per year), net income from nongame events (in excess of $2,000 amended the aggregate amount of the line of credit to $500 during fiscal year 2011 per year adjusted annually for CPI), and parking lot net income (25% in excess of and $200 during each fiscal year thereafter with amounts being converted to grants
$4,000 per year adjusted annually for CPI). Additionally, as indicated above, the City upon achieving fund raising thresholds. At lune 30, 2011, there was no amounts due retained the right to book and retain all revenue from ten parking lot events per year. to the City.
Major League Baseball consented to the transfer of the Team in fiscal year 2003 to interests controlled by Arte Moreno. No changes in the terms of the agreement with Litigation the Team were made in connection with that transfer.
A number of claims and suits are pending against the City for alleged damages to The Agreement also provided that the City had the right to develop approximately 42 persons and/or property and for other alleged liabilities arising out of matters usually acres of the parking lot development site. In 1998 a land sale of $1,000 for a 1.25 incident to the operation of a city such as Anaheim. Although the aggregate amount acre site was approved for the construction of a 1,100-seat theatre called "Tinseltown asserted for such lawsuits and claims is significant, in the opinion of City Studios" (now known as "City National Grove of Anaheim"). In November 2002, the management, the City has strong defenses against such claims, and thus the ultimate City purchased the facility and the land for $6,700 from its then owner, SMG, a loss, if any, relating to these claims and suits not covered by insurance or reflected in Pennsylvania partnership, an affiliate of Aramark Entertainment, Inc. Concurrent with the financial statements, will not materially affect the financial position of the City.
the purchase, the City granted to Nederlander-Grove LLC (Nederlander) a license to operate the facility for three years with the right to extend another five years. In May Grants 2009, the management agreement was amended extending the term to December 31, 2015 with the right to extend another five year period. Additionally, under the Amounts received or receivable from grant agencies are subject to audit and amended management agreement, effective January 1, 2009, Nederlander no longer adjustment by grantor agencies. Any disallowed claims, including amounts already receives a management fee of $150 and the City's share in the annual net profits and collected, may constitute a liability of the applicable funds. The amount, if any, of losses from operations increased from 50% to 60%. Nederlander is responsible for expenditures that may be disallowed by the grantor cannot be determined at this 100% of losses in excess of $400, thereby limiting the City's share of net losses to a time, although the City expects such amounts, if any, to be immaterial.
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CITY OF ANAHEIM Construction and other significant commitments agency may continue in operation if a city or county that includes a redevelopment agency adopts an ordinance agreeing to comply with and participate in the At June 30, 2011, the City had the following commitments with respect to unfinished Alternative Voluntary Redevelopment Program, thereby committing itself to comply capital projects, disposition and development agreements, reimbursement with the provision of AB 27 and to make annual remittance payments to the County-agreements, and cooperation agreements: Auditor Controller.
Expected NOTE 14 - SUBSEQUENT EVENTS:
Remaining Completion Description Commitment Date Investment Portfolio Anaheim Boulevard Residential Housing Project $ 2,300 2014 Avon Dakota Neighborhood Revitalization Housing Project 18,651 2013 Effective August 8, 2011, the City Treasurer's Investment Portfolio has a rating of "AAf" Anaheim Fixed-Guideway Transit Corridor Study 818 2011 from Standard and Poor's (S&P). This rating action was the result of S&P Anaheim Regional Transportation Intermodal Center Professional Services 15,907 2013 downgrading the debt issues of the United States Treasury and Federal Agencies from Brookhurst Street Right of Way Clearing and Demolition 748 2012 a credit rating of "AAA" to "AA+". The credit rating reflects the investment holdings Colony I'ark Phase IIIHome Buyer Assistance 4,775 2012 of the City's Investment Portfolio and not the management of the investment fund.
Colony Park Phase IV Home Buyer Assistance and Remediation Costs 2,000 2013 Central/East Anaheim Area Sanitary Sewer System Improvement 1,031 2011 Alternative Voluntary Redevelopment Program Direct Buried Cable Replacement Phase VIII 1,450 2012 Gene Autry Way Highway Construction 14,355 2012 The City Council ("City Council") of the City of Anaheim ("City") elected to comply Golf Course Maintenances 1,225 2012 with and participate in the Alternative Voluntary Redevelopment Program established Historic Citrus Picking House Renovation 5,980 2011 by AB 27 by the adoption of Ordinance No. 6217 ont July 19, 2011, in order to allow Linda Vista Reservoir and Pump Station Replacement 8,357 2013 the Anaheim Redevelopment Agency ("Agency") to continue in operation and Santa Ana Canyon Multi-Use Trail 540 2012 perform its functions (the "Ordinance"). By the adoption of the Ordinance and as a Street Rehabilitation Group 11 3,182 2012 condition of the Agency's continued existence and operation, the City is required to Underground District No. 48 Harbor Boulevard 589 2011 make certain annual remittances to the County Auditor-Controller ("County"),
Underground District No. 51/56 lincoln/Magnolia 5,180 2012 beginning with fiscal year 2012, to finance activities within the Redevelopment Underground District No. 53 La Palma Avenue 4,556 2013 Project that are related to accomplishing the goals of the Redevelopment Plan for the Underground District No. 58 Imperial Highway 1,519 2013 Redevelopment Project. To that end, the City Council and the Governing Board of Viviere Condominiums Home Buyer Assistance 2,300 2011 the Agency approved the terms of an Agreement to Transfer Tax Increment, whereby Vehicle Acquisitions 2,852 2012 the Agency has agreed, on an annual basis, to transfer tax increment to the City in an Water Recycling Demonstration Project 5,877 2012 amount not to exceed the amount of the City's remittance payment to the County.
NOTE 13 - STATE OF CALIFORNIA APPROVED BUDGET IMPACTS TO THE On August 1, 2011, the California Department of Finance informed the City that it ANAHEIM REDEVELOPMENT AGENCY will be required to pay to the County the sum of $17,451 for fiscal year 2012. AB 27 provides that the City is to make its remittance payment for each budget year after As part of the State of California fiscal year 2012 approved budget, Assembly Bills Xl fiscal Year 2012 pursuant to a formula set forth therein.
26 ("AB 26") and XI 27 ("AB 27") were approved by the Governor on June 28, 2011, and chaptered by the Secretary of State on June 29, 2011. AB 26 provided for the The validity, passage and applicability of AB 26 and AB 27 is the subject of judicial statewide dissolution of all California redevelopment agencies as of October 1, 2011, challenges, including the action brought by the California Redevelopment and further provided that, thereafter, "successor agencies" will administer the Association and the League of California Cities in their own capacity and on behalf enforceable obligations of all redevelopment agencies and otherwise wind up their of their members: California Redevelopment Association, et al v.Ana Matosantos, et affairs, all subject to the review and approval of oversight committees. al. (The "CRA Action").
Nothwithstanding the provisions of AB 26, AB 27 provided that a redevelopment 72
CITY OF ANAHEIM The California Supreme Court (the "Court") issued an order on August 11, 2011, directing the parties to show cause why the relief sought in the CRA Action should not be granted and established a briefing schedule designed to facilitate oral argument as early as possible and a decision before January 15, 2012. Pending a decision in the CRA Action, the Court's order stayed the effectiveness of AB 27 and certain portion of AB 26 and precluded redevelopment agencies from, among other things, incurring new indebtedness, transferring assets, acquiring real property, entering into new contracts or modifying existing contracts, and prohibited redevelopment agencies from making payments for anything other than "enforceable obligations," notwithstanding the fact the City Council has adopted the Ordinance.
Pending the outcome of the CRA Action, the duties and obligations of the City and the Agency under the Ordinance and the Agency's transfer of funds under the aforementioned Agreement to transfer Tax Increment and the City's remittance payments to the County have been stayed.
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CITY OF ANAHEIM Required Supplementary Information (Unaudited)
(In thousands)
Miscellaneous Employees Retirement System - Schedule of Funding Progress (A) (B) (C) (D) (E) (F)
Unfunded UL as a Actuarial Actuarial Liability Funded Ratios Annual % of Valuation Value of Accrued (UL) AVA Market Covered Payroll Date Assets (AVA) Liability (B) - (A) (A)/(B) Value Payroll (C)/(E) 6/30/08 $713,184 $820,145 $106,961 87.0% 88.3% $118,656 90.1%
6/30/09 747,033 918,508 171,475 81.3% 59.1% 120,606 142.2%
6/30/10 783,241 968,464 185,223 80.9% 63.1% 116,877 158.5%
Police Safety Employees Retirement System - Schedule of Funding Progress (A) (B) (C) (D) (E) (F)
Unfunded UL as a Actuarial Actuarial Liability Funded Ratios Annual % of Valuation Value of Accrued (UL) AVA Market Covered Payroll Date Assets (AVA) Liability (B) - (A) (A)/(B) Value Payroll (C)/(E) 6/30/08 $392,206 $457,588 $65,382 85.7% 87.6% $44,224 147.8%
6/30/09 411,137 496,423 85,286 82.8% 60.5% 46,022 185.3%
6/30/10 432,262 519,062 86,800 83.3% 65.4% 45,620 190.3%
Fire Safety Employees Retirement System - Schedule of Funding Progress (A) (B) (C) (D) (E) (F)
Unfunded UL as a Actuarial Actuarial Liability Funded Ratios Annual % of Valuation Value of Accrued (UL) AVA Market Covered Payroll Date Assets (AVA) Liability (B) - (A) (A)/(B) Value Payroll (C)/(E) 6/30/08 $242,714 $278,250 $35,536 87.2% 89.3% $23,658 150.2%
6/30/09 252,862 308,033 55,171 82.1% 60.0% 26,098 211.4%
6/30/10 263,280 317,672 54,392 82.9% 64.9% 24,746 219.8%
Other Post-employment Benefits - Schedule of Funding Progress (A) (B) (C) (D) (E) (F)
Unfunded UL as a Actuarial Actuarial Liability Funded Ratios Annual % of Valuation Value of Accrued (UL) AVA Covered Payroll Date Assets (AVA) Liability (B) - (A) (A)/(B) Payroll (C)/(E) 7/01/06 $ $130,328 $130,328 0.0% $152,602 85.4%
7/01/08 63,097 155,728 92,631 40.5% 165,137 56.1%
7/01/10 63,920 211,914 147,994 30.2% 177,229 83.5%
See accompanying independent auditors' report. 75
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NONMAJOR GOVERNMENTAL FUNDS NONMAJOR GOVERNMENTAL FUNDS
NONMAJOR GOVERNMENTAL FUNDS SPECIAL REVENUE FUNDS are used to account for revenue derived from specific taxes or other earmarked revenue sources (other than for major capital projects) that are restricted by law or administrative action to expenditures for specified purposes.
GAS TAX AND ROADS FUND - Established to account for the construction and maintenance of the road network system of the City. Financing is primarily provided by the City's share of Federal, State, and local gasoline taxes. Federal, State, and local regulations require that these gasoline taxes be used to improve and maintain streets, and includes programs intended to improve the air quality of the region.
WORKFORCE DEVELOPMENT FUND - Established to account for the City's involvement in Federal, State, and local programs to create jobs and provide the unemployed citizens in the Anaheim area with job training opportunities.
COMMUNITY DEVELOPMENT BLOCK GRANT FUND - Established to account for financing of the development of viable urban communities through the provision of decent housing, suitable living enviroments and economic opportunity, principally for persons of low and moderate income. Financing is provided by the Federal Housing and Urban Development (HUD) grants.
SEWER AND STORM DRAIN CONSTRUCTION FUND - Established to account for the construction of the City's waste water collection and disposal system. Financing is provided by fees charged to residential and commercial developers.
GRANTS FUND - Established to account for various grants requiring segregated fund accounting. Financing is provided by Federal, State, and local agencies.
ANAHEIM RESORT MAINTENANCE DISTRICT FUND - Established to account for the levy and collection of special assessments to pay the cost of annual maintenance and improvements within the district against those parcels that specifically benefit from the enhanced maintenance and improvements.
ANAHEIM TOURISM IMPROVEMENT FUND - Established to account for the collection of a special assessment su pp orting marketing, promotion and transit project costs in support of the City's tourism and convention industry. e a mned" d b NARCOTIC ASSET FORFEITURE FUND,- Established to account forfunds received from Federal and.Sta areroederivey'fromnonies
,'age.naniestht seiz edyby-.ý"-',
and -dpr6perty the Police Department in-drug related incidents. These funds'are used to'supr lemnent sting resýourresoi toheity's I ii,,"y iforce'm'ent ;a*i&ities-.
REDEVELOPMENT HOUSING SET-ASIDE FUND - Estabhshed for the purpose of increasing'and improving thecommuhiy's supply of lowfand moderate incomhousin .
in accordance with the California Co'mmunity Redevelopmient Law. Financing is provided frcrii property tax increment DEBT SERVICE FUNDS are used to account for the accumulation of resources and the payment of principal and interest on general debt, of the City.and. related: entitnes.,
GENERAL OBLIGATION BONDS FUND - Established to accumulate resources for the payment of principal and interest on generalobligation bonds of the Cit y.,Debt:- -
service is financed by property tax revenues..
REDEVELOPMENT AGENCY FUND - Established to accumulate resources for payment of principal and interest on Redevelopment Agency tax allocation bonds and notes payable. Debt service is financed by property tax increment.
MUNICIPAL FACILITIES FUND - Established to accumulate resources for payment of the principal and interest on the certificates of participation for the Parking Facility Project, Police Facilities Projects, Arena Land Acquisition, and other various acquisitions and capital improvements.
ANAHEIM RESORT IMPROVEMENTS FUND - Established to accumulate resources for payment of the principal and interest on the lease revenue bonds for the Anaheim Resort improvements.
CAPITAL PROJECTS FUNDS are used to account for resources used for the acquisition and construction of capital assets by the City, except for those financed by proprietary funds.
REDEVELOPMENT PROJECTS FUND - Established to account for the acquisition, relocation, demolition, and sale of property for those portions of Anaheim earmarked as in need of redevelopment related activities. Financing is provided by property tax increment and bond proceeds.
TRANSPORTATION IMPROVEMENT PROJECTS FUND - Established to account for transportation improvement projects in the City, primarily in support of the Anaheim Regional Transportation Intermodal Center (ARTIC), which is a transportation gateway and mixed-use activity center funded by grants from OCTA. Financing is provided by Federal, State and local agencies.
DEVELOPER IMPACT PROIECTS FUND - Established to account for infrastructure improvements, primarily in the Platinum Triangle area, which provides development opportunities for high density, mixed use, office, restaurant, and residential projects. Financing is primarily provided by developer impact fees.
OTHER CAPITAL IMPROVEMENTS FUND - Established to account for miscellaneous capital projects as determined by the City Council. Currently, financing is provided by fees from developers for infrastructure improvements, HUD108 loans and subsidies from the General Fund.
MELLO-ROOS PROJECTS - Established to account for road, sewer and water improvements in the community facility districts. Financing is provided by the sale of special tax bonds which are secured by and payable from the proceeds of an annual special assessment on the property within the district.
CITY OF ANAHEIM Combining Balance Sheet Nonmajor Governmental Funds by Fund Type June 30, 2011 (Inthousands)
Nonmajor Nonmajor Nonmajor Total Special Debt Capital Nonmajor Revenue Service Projects Governmental Funds Funds Funds Funds ASSETS Cash and cash equivalents $ 17,480 $ 5,423 $ 15,414 $ 38,317 Investments 24,569 7,621 21,663 53,853 Accounts receivable, net 926 51 188 1,165 Accrued interest receivable 156 106 174 436 Notes receivable, net 39,671 2,790 42,461 Due from other funds 16,358 17,746 34,104 Due from other governments 23,582 28 15,286 38,896 Land held for resale, net 10,096 33,209 43,305 Prepaid and other assets 4,231 3 1,706 5,940 Restricted cash and cash equivalents 83 27,317 13,517 40,917 Restricted investments 33,791 22,682 56,473 Total assets $137,152 $74,340 $144,375 $355,867 LIABILITIES AND FUND BALANCES Liabilities:
Accounts payable $ 7,086 $ 2,610 $ 10,873 $ 20,569 Wages payable 353 112 465 Deposits 1,251 1,149 2,400 Due to other funds 3,482 8,176 28,655 40,313 Deferred revenues 58,923 17,424 76,347 Total liabilities 71,095 10,786 58,213 140,094 Fund balances:
Nonspendable:
Prepaid and other assests 17 3 611 631 Restricted:
Capital projects 81 409 490 Debt service 67,363 67,363 Development impact projects 10,325 52,617 62,942 Grant purposes 5,233 5,233 Homebuyer assistance program 7,598 7,598 Low and moderate income housing 27,974 27,974 Redevelopment projects 38,713 38,713 Anaheim resort maintenance and improvement 6,718 6,718 Streets, roads and transportation improvement projects 5,540 3,613 9,153 Assigned:
Debt service 7,000 8,490 15,490 Capital projects 833 6,928 7,761 Unassigned (5,262) (3,812) (25,219) (34,293)
Total fund balances 66,057 63,554 86,162 215,773 Total liabilities and fund balances $137,152 $74,340 $144,375 $355,867 77
CITY OF ANAHEIM Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Governmental Funds by Fund Type Year Ended June 30, 2011 (InthoLIsands)
Nonmajor Nonmajor Total Special Nonmajor Capital Nonmajor Revenue Debt Service Projects Governmental Funds Funds Funds Funds Revenues:
Property taxes $14,112 $33,622 $ 47,734 Licenses, fees and permits 1,363 $ 545 1,908 Intergovernmental revenues 66,172 6 3,840 70,018 Charges for services 10,271 10,271 Use of money and property 2,031 654 4,311 6,996 Other 457 165 622 Total revenues 94,406 34,282 8,861 137,549 Expenditures:
Current:
City Attorney 120 120 Finance 23 23 Police 9,694 15 9,709 Fire 725 725 Community Development 16,370 8,717 12,490 37,577 Planning 1,524 1,524 Public Works 8,194 1,280 9,474 Community Services 1,519 432 1,951 Convention, Sports and Entertainment 3,972 3,972 Capital outlay 26,319 43,247 69,566 Debt service:
Principal retirement 461 11,335 355 12,151 Interest charges 365 32,154 486 33,005 Debt issuance costs 59 168 227 Total expenditures 69,322 52,229 58,473 180,024 Excess (deficiency) of revenues over (under) expenditures 25,084 (17,947) (49,612) (42,475)
Other financing sources (uses):
Transfers in 7,537 32,593 23,874 64,004 Transfers out (11,420) (20,294) (9,310) (41,024)
Issuance of bonds 6,570 6,570 Issuance of loan payable 7,000 7,000 Contribution from property owners 41,007 41,007 Total other financing sources 3,117 12,299 62,141 77,557 Net change in fund balances 28,201 (5,648) 12,529 35,082 Fund balances at beginning of year 37,856 69,202 73,633 180,691 Fund balances at end of year $ 66,057 $ 63,554 $86,162 $215,773 78
CITY OF ANAHEIM Combining Balance Sheet Nonmajor Special Revenue Funds June 30, 2011 (In thousands)
Gas Tax Community Community Sewer and and Workforce Development Services Storm Drain Roads Development Block Grant Facilities Construction ASSETS Cash and cash equivalents $ 2 $ 1 $2,039 $3,097 Investments 3 1 2,866 4,353 Accounts receivable, net $ 1 2 731 191 Accrued interest receivable 1 25 13 Notes receivable, net 6,848 Due from other funds 7,000 26 Due from other governments 19,409 586 568 10 Land held for resale, net Prepaid and other assets 4,214 1 Restricted cash and cash equivalents 83 Total assets $23,628 $587 $14,504 $5,672 $7,680 LIABILITIES AND FUND BALANCES Liabilities:
Accounts payable $ 4,084 $338 $ 335 $ 305 $ 165 Wages payable 73 42 76 2 2 Deposits 1,251 Due to other funds 3,108 210 164 Deferred revenues 17,408 6,848 724 $ 191 Total liabilities 24,673 590 7,423 1,031 1,609 Fund balances (deficits):
Nonspendable:
Prepaid and other assests Restricted: 1 Capital projects 81 Development impact projects 4,254 6,071 Grant purposes Homebuyer assistance program Low and moderate income housing Anaheim resort maintenance and improvement Street, roads and transporation improvement projects 4,214 Assigned:
Debt services 7,000 Capital projects 386 Unassigned: (5,259) (3)
Total fund balances (deficits) (1,045) (3) 7,081 4,641 6,071 Total liabilities and fund balances (deficits) $23,628 $587 $14,504 $5,672 $7,680 (continued) 79
CITY OF ANAHEIM Combining Balance Sheet Nonmajor Special Revenue Funds June 30, 2011 (in thousands) (continued)
Anaheim Anaheim Resort Tourism Narcotic Redevelopment Maintenance Improvement Asset Housing Grants District District Forfeiture Set-Aside Total ASSETS Cash and cash equivalents $ 3,032 $2,944 $ 711 $1,833 $ 3,821 $ 17,480 Investments 4,262 4,138 998 2,577 5,371 24,569 Accounts receivable, net 1 926 Accrued interest receivable 17 33 4 23 40 156 Notes receivable, net 15,015 17,808 39,671 Due from other funds 176 9,156 16,358 Due from other governments 2,988 10 11 23,582 Land held for resale, net 10,096 10,096 Prepaid and other assets 16 4,231 Restricted cash and cash equivalents _ 83 Total assets $25,490 $7,125 $1,713 $4,433 $46,320 $137,152 LIABILITIES AND FUND BALANCES Liabilities:
Accounts payable $ 527 $ 392 $ 387 $ 82 $ 471 $ 7,086 Wages payable 61 15 31 51 353 Deposits 1,251 Due to other funds 3,482 Deferred revenues 15,944 17,808 58,923 Total liabilities 16,532 407 387 113 18,330 71,095 Fund balances (deficits):
Nonspendable:
Prepaid and other assets 16 17 Restricted:
Capital projects 81 Development impact projects 10,325 Grant purposes 913 4,320 5,233 Homebuyer assistance program 7,598 7,598 Low and moderate income housing 27,974 27,974 Anaheim resort maintenance and improvement 6,718 6,718 Street, roads and transportation improvement projects 1,326 5,540 Assigned:
Debt service 7,000 Capital projects 447 833 Unassigned (5,262)
Total fund balances (deficits) 8,958 6,718 1,326 4,320 27,990 66,057 Total liabilities and fund balances (deficits) $25,490 $7,125 $1,713 $4,433 $46,320 $137,152 80
CITY OF ANAHEIM Combining Statement of Revenues, Expenditures and Changes in Fund Balances (Deficits)
Nonmajor Special Revenue Funds Year Ended June 30, 2011 (Inthousands)
Gas Tax Community Community Sewer and and Workforce Development Services Storm Drain Roads Development Block Grant Facilities Construction Revenues:
Property taxes Licenses, fees and permits $ 33 $ 760 $ 529 Intergovernmental revenues 29,934 $3,743 $ 5,867 1,017 Charges for services 348 2 Use of money and property 3 29 263 123 Other 8 141 1 Total revenues 30,326 3,743 6,039 2,040 653 Expenditures:
Current:
City Attorney 120 Police Fire Community Development 3,753 1,274 Planning 1,524 Public Works 3,779 380 Community Services 1,182 254 Convention, Sports and Entertainment Capital outlay 19,010 1,865 3,246 Debt service:
Principal retirement 345 Interest charges 268 Bond issuance costs 59 Total expenditures 22,789 3,753 6,637 3,500 380 Excess (deficiency) of revenues over (under) expenditures 7,537 (10) (598) (1,460) 273 Other financing sources (uses):
Transfers in 513 119 427 953 Transfers out (5,548) (500)
Issuance of loan payable 7,000 Total other financing sources (uses) (5,035) 6,619 427 953 Net change in fund balances (deficits) 2,502 (10) 6,021 (1,033) 1,226 Fund balances (deficits) at beginning of year (3,547) 7 1,060 5,674 4,845 Fund balances (deficits) at end of year $ (1,045) $ (3) $ 7,081 $4,641 $6,071 (continued) 81
CITY OF ANAHEIM Combining Statement of Revenues, Expenditures and Changes in Fund Balances (Deficits)
Nonmajor Special Revenue Funds Year Ended June 30, 2011 (Inthousands) (continued)
Anaheim Anaheim Resort Tourism Narcotic Redevelopment Maintenance Improvement Asset Housing Grants District District Forfeiture Set-Aside Total Revenues:
Property taxes $14,112 $14,112 Licenses, fees and permits $ 41 1,363 Intergovernmental revenues 22,562 $3,049 66,172 Charges for services 1 $4,381 $5,539 10,271 Use of money and property 88 80 6 68 1,371 2,031 Other 116 191 457 Total revenues 22,808 4,461 5,545 3,117 15,674 94,406 Expenditures:
Current:
City Attorney 120 Police 7,315 2,379 9,694 Fire 725 725 Community Development 5,069 6,274 16,370 Planning 1,524 Public Works 4,035 8,194 Community Services 83 1,519 Convention, Sports and Entertainment 3,972 3,972 Capital outlay 1,634 13 551 26,319 Debt service:
Principal retirement 116 461 Interest charges 91 6 365 Bond issuance costs 59 Total expenditures 14,826 4,035 3,972 2,599 6,831 69,322 Excess (deficiency) of revenues over (under) expenditures 7,982 426 1,573 518 8,843 25,084 Other financing sources (uses):
Transfers in 361 200 4,964 7,537 Transfers out (952) (247) (4,173) (11,420)
Issuance of loan payable 7,000 Total other financing sources (uses) (591) 200 (247) 791 3,117 Net change in fund balances (deficits) 7,391 626 1,326 518 9,634 28,201 Fund balances (deficits) at beginning of year 1,567 6,092 3,802 18,356 37,856 Fund balances (deficits) at end of year $ 8,958 $6,718 $1,326 $4,320 $27,990 $66,057 82
CITY OF ANAHEIM Schedule of Revenues, Expenditures and Changes in Fund Balances (Deficits)
Budget and Budgetary Basis Actual - All Nonmajor Special Revenue Funds Year Ended June 30, 2011 (In thousands)
Gas Tax and Roads Workforce Development Final Variance Final Variance Budgeted Actual with Final Budgeted Actual with Final Amounts Amounts Budget Amounts Amounts Budget Revenues:
Property taxes Licenses, fees and permits $ 35 $ 33 $ (2)
Intergovernmental revenues 55,140 29,934 (25,206) $5,588 $3,743 $01,845)
Charges for services 580 348 (232)
Use of money and property 8 3 (5)
Other 8 8 Total revenues 55,771 30,326 (25,445) 5,588 3,743 (1,845)
Expenditures:
Current:
City Attorney Police Fire Community Development 5,610 3,753 (1,857)
Planning 163 163 Public Works 55,343 22,626 (32,717)
Community Services Convention, Sports and Entertainment Total expenditures 55,506 22,789 (32,717) 5,610 3,753 (1,857)
Excess (deficiency) of revenues over (under) expenditures 265 7,537 7,272 (22) (10) 12 Other financing sources (uses):
Transfers in 66 513 447 Transfers out (7,200) (5,548) 1,652 Issuance of loan payable Total other financing sources (uses) (7,134) (5,035) 2,099 Net change in fund balances (deficits) (6,869) 2,502 9,371 (22) (10) 12 Fund balances (deficits) at beginning of year (3,547) (3,547) 7 7 Fund balances (deficits) at end of year $010,416) (1,045) $ 9,371 $ (15) (3) $ 12 Adjustments to reconcile to GAAP:
Proceeds on sale of land held for resale Transfer of land held for resale to Redevelopment Projects Purchases of land held for resale Transfer of City capital assets to land held for resale Decline in value of land held for resale Repayment of interfund loan Ending fund balances (deficit) - GAAP basis $ (1,045) $ (3)
(continued) 83
CITY OF ANAHEIM Schedule of Revenues, Expenditures and Changes in Fund Balances (Deficits)
Budget and Budgetary Basis Actual - All Nonmajor Special Revenue Funds Year Ended June 30, 2011 (Inthousands) (continued)
Community Development Block Grant Community Services Facilities Final Variance Final Variance Budgeted Actual with Final Budgeted Actual with Final Amounts Amounts Budget Amounts Amounts Budget Revenues:
Property taxes Licenses, fees and permits $ 760 $ 760 Intergovernmental revenues $ 9,140 $ 5,867 $ (3,273) $ 261 1,017 756 Charges for services 2 2 393 (393) 40 29 (11) 263 Use of money and property 191 72 Other 195 141 (54)
Total revenues 9,375 6,039 (3,336) 845 2,040 1,195 Expenditures:
Current:
City Attorney 120 120 Police Fire Community Development 11,682 3,747 (7,935)
Planning 1,709 1,524 (185)
Public Works 222 64 (158)
Community Services 1,494 1,182 (312) 3,500 3,500 Convention, Sports and Entertainment Total expenditures 15,227 6,637 (8,590) 3,500 3,500 Excess (deficiency) of revenues over (under) expenditures (5,852) (598) 5,254 (2,655) (1,460)
Other financing sources (uses):
Transfers in 119 119 427 427 Transfers Out (12,200) (500) 11,700 Issuance of loan payable 7,000 7,000 Total other financing sources (uses) (5,200) 6,619 11,819 427 427 Net change in fund balances (deficits) (11,052) 6,021 17,073 (2,655) (1,033) 1,622 Fund balances (deficits) at beginning of year 1,060 1,060 5,674 5,674 Fund balances (deficits) at end of year $ (9,992) 7,081 $17,073 $ 3,019 4,641 $1,622 Adjustments to reconcile to GAAP:
Proceeds on sale of land held for resale Transfer of land held for resale to Redevelopment Projects Purchases of land held for resale Transfer of City capital assets to land held for resale Decline in value of land held for resale Repayment of interfund loan Ending fund balances (deficit) - GAAP basis $ 7,081 $4,641 (continued) 84
CITY OF ANAHEIM Schedule of Revenues, Expenditures and Changes in Fund Balances (Deficits)
Budget and Budgetary Basis Actual - All Nonmajor Special Revenue Funds Year Ended June 30, 2011 (Inthousands) (continued)
Sewer and Storm Drain Construction Grants Final Variance Final Variance Budgeted Actual with Final Budgeted Actual with Final Amounts Amounts Budget Amounts Amounts Budget Revenues:
Property taxes Licenses, fees and permits $ 202 $ 529 $ 327 30 41 11 Intergovernmental revenues $44,709 $22,562 $(22,147)
Charges for services 1 1 Use of money and property 123 123 68 88 20 Other 1 1 55 116 61 Total revenues 202 653 451 44,862 22,808 (22,054)
Expenditures:
Current:
City Attorney Police 21,609 8,827 (12,782)
Fi re 1,213 725 (488)
Community Development 11,038 5,069 (5,969)
Planning Public Works 780 380 (400)
Community Services 548 205 (343)
Convention, Sports and Entertainment Total expenditures 780 380 (400) 34,408 14,826 (19,582)
Excess (deficiency) of revenues over (under) expenditures (578) 273 851 10,454 7,982 (2,472)
Other financing sources (uses):
Transfers in 953 953 361 361 Transfers out (952) (952)
Issuance of loan payable Total other financing sources (uses) 953 953 (591) (591)
Net change in fund balances (deficits) (578) 1,226 1,804 10,454 7,391 (3,063)
Fund balances (deficits) at beginning of year 4,845 4,845 1,567 1,567 Fund balances (deficits) at end of year $4,267 6,071 $1,804 $12,021 8,958 $ (3,063)
Adjustments to reconcile to GAAP:
Proceeds on sale of land held for resale Transfer of land held for resale to Redevelopment Projects Purchases of land held for resale Transfer of City capital assets to land held for resale Decline in value of land held for resale Repayment of interfund loan Ending fund balances (deficit) - GAAP basis $6,071 $ 8,958 (continued) 85
CITY OF ANAHEIM Schedule of Revenues, Expenditures and Changes in Fund Balances (Deficits)
Budget and Budgetary Basis Actual - All Nonmajor Special Revenue Funds Year Ended June 30, 2011 (inthousands) (continued)
Anaheim Resort Maintenance District Tourism Improvement District Final Variance Final Variance Budgeted Actual with Final Budgeted Actual with Final Amounts Amounts Budget Amounts Amounts Budget Revenues:
Property taxes Licenses, fees and permits Intergovernmental revenues $ 5,468 $5,539 $ 71 Charges for services $4,487 $4,381 $ (106)
Use of money and property 127 80 (47) 6 6 Other 4 (4)
Total revenues 4,618 4,461 (157) 5,468 5,545 77 Expenditures:
Current:
City Attorney Police Fire Community Development Planning Public Works 4,698 4,035 (663)
Community Services Convention, Sport and Entertainment _ 4,060 3,972 (88)
Total expenditures 4,698 4,035 (663) 4,060 3,972 (88)
Excess (deficiency) of revenues over (under) expenditures (80) 426 506 1,408 1,573 165 Other financing sources (uses):
Transfers in 200 200 Transfers out (247) (247)
Issuance of loan payable Total other financing sources (uses) 200 200 - (247) (247)
Net change in fund balances (deficits) 120 626 506 1,408 1,326 (82)
Fund balances (deficits) at beginning of year 6,092 6,092 Fund balances (deficits) at end of year $6,212 6,718 $ 506 $1,408 1,326 $ (82)
Adjustments to reconcile to GAAP:
Proceeds on sale of land held for resale Transfer of land held for resale to Redevelopment Projects Purchases of land held for resale Transfer of City capital assets to land held for resale Decline in value of land held for resale Repayment of interfund loan Ending fund balances (deficit) - GAAP basis $6,718 $1,326 (continued) 86
CITY OF ANAHEIM Schedule of Revenues, Expenditures and Changes in Fund Balances (Deficits)
Budget and Budgetary Basis Actual - All Nonmajor Special Revenue Funds Year Ended June 30, 2011 (In thousands) (continued)
Narcotic Asset Forfeiture Redevelopment Housing Set-Aside Final Variance Final Variance Budgeted Actual with Final Budgeted Actual with Final Amounts Amounts Budget Amounts Amounts Budget Revenues:
Property taxes $12,426 $14,112 $ 1,686 Licenses, fees and permits Intergovernmental revenues $1,034 $3,049 $ 2,015 Charges for services Use of money and property 440 68 (372) 4,775 5,384 609 Other 4,618 191 (4,427)
Total revenues 1,474 3,117 1,643 21,819 19,687 (2,132)
Expenditures:
Current:
City Attorney Police 2,599 2,599 Fire Community Development 7,914 7,481 (433)
Planning Public Works Community Services Convention, Sports and Entertainment Total expenditures 2,599 2,599 7,914 7,481 (433)
Excess (deficiency) of revenues over (under) expenditures (1,125) 518 13,905 12,206 (1,699)
Other financing sources (uses):
Transfers in 10,461 4,964 (5,497)
Transfers out (2,430) (4,173) (1,743)
Issuance of loan payable Total other financing sources (uses) 8,031 791 (7,240)
Net change in fund balances (1,125) 518 1,643 21,936 12,997 (8,939)
Fund balances (deficits) at beginning of year 3,802 3,832 18,356 18,356 Fund balances (deficits) at end of year $ 2,677 $4,320 $1,643 $40,292 31,353 $ (8,939)
Adjustments to reconcile to GAAP:
Proceeds on sale of land held for resale (3,032)
Transfer of land held for resale to Redevelopment Projects (981)
Purchases of land held for resale 313 Transfer of City capital assets to land held for resale 18 Decline in value of land held for resale (281)
Repayment of interfund loan 600
. Ending fund balances (deficit) - GAAP basis $4,320 $27,990 87
CITY OF ANAHEIM Combining Balance Sheet Nonmajor Debt Service Funds June 30, 2011 (Inthousands)
General Redevelopment Municipal Anaheim Resort Obligation Bonds Agency Facilities Improvements Total ASSETS Cash and cash equivalents $275 $ 5,144 $ 4 $ 5,423 Investments 386 7,230 5 7,621 Accounts receivable, net 51 51 Accrued interest receivable 3 83 20 106 Due from other governments 3 25 28 Prepaid and other assets 3 3 Restricted cash and cash equivalents 10,622 521 $16,174 27,317 Restricted investments 1,874 31,917 33,791 Total assets $667 $_3__5 $2,424 $48,091 $74340 LIABILITIES AND FUND BALANCES Liabilities:
Accounts payable $ 2,601 $ 5 $ 4 $ 2,610 Due to other funds 8,176 8,176 Total liabilities 10,777 5 4 10,786 Fund balances:
Nonspendable:
Prepaid and other assets 3 3 Restricted:
Debt service 667 16,190 2,419 48,087 67,363 Unassigned (3,812) (3,812)
Total fund balances 667 12,381 2,419 48,087 63,554 Total liabilities and fund balances $667 $23 158 $2,424 $48,091 $74,40 88
CITY OF ANAHEIM Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Debt Service Funds Year Ended June 30, 2011 (Inthousands)
General Redevelopment Municipal Anaheim Resort Obligation Bonds Agency Facilities Improvements Total Revenues:
Property taxes $694 $32,928 $ 33,622 Intergovernmental revenues 6 6 Use of money and property 6 523 $ 124 $ 1 654 Total revenues 706 33,451 124 1 34,282 Expenditures:
Current:
Finance 23 23 Community Development 8,717 8,717 Debt service:
Principal retirement 520 699 1,311 8,805 11,335 Interest charges 170 11,688 1,018 19,278 32,154 Total expenditures 690 21,104 2,329 28,106 52,229 Excess (deficiency) of revenues over (under) expenditures 16 12,347 (2,205) (28,105) (17,947)
Other financing sources (uses):
Transfers in 1,522 2,205 28,866 32,593 Transfers out (20,294) (20,294)
Total other financing sources (uses) (18,772) 2,205 28,866 12,299 Net change in fund balances 16 (6,425) 761 (5,648)
Fund balances at beginning of year 651 18,806 2,419 47,326 69,202 Fund balances at end of year $667 $12,381 $ 2,419 $48,087 $ 63,554 89
CITY OF ANAHEIM Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual -All Debt Service Funds Year Ended June 30, 2011 (inthousands)
General Obligation Bonds Redevelopment Agency Final Variance Final Variance Budgeted Actual with Final Budgeted Actual with Final Amounts Amounts Budget Amounts Amounts Budget Revenues:
Property taxes $692 $694 $ 2 $28,995 $32,928 $ 3,933 Intergovernmental revenues 6 6 Use of money and property 8 6 (2) 446 523 77 Total revenues 706 706 29,441 33,451 4,010 Expenditures:
Finance Community Development 21,104 21,104 Public Works 692 690 (2)
Convention, Sports and Entertainment Total expenditures 692 690 (2) 21,104 21,104 Excess (deficiency) of revenues over (under) expenditures 14 16 2 8,337 12,347 4,010 Other financing sources (uses):
Transfers in 1,219 1,522 303 Transfers out (21,126) (20,294) 832 Total other financing sources (uses) (19,907) (18,772) 1,135 Net change in fund balances 14 16 2 (11,570) (6,425) 5,145 Fund balances at beginning of year 651 651 18,806 18,806 Fund balances at end of year $665 $667 $2 $ 7,236 $ 12,381 $ 5,145 (continued) 90
CITY OF ANAHEIM Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual - All Debt Service Funds Year Ended June 30, 2011 (InthoLIsands) (continued)
Municipal Facilities Anaheim Resort Improvements Final Variance Final Variance Budgeted Actual with Final Budgeted Actual with Final Amounts Amounts Budget Amounts Amounts Budget Revenues:
Property taxes Intergovernmental revenues Use of money and property $ 124 $ 124 $ $ 29 $ 1 $ (28)
Total revenues 124 124 29 1 (28)
Expenditures:
Finance 28,115 28,106 (9)
Community Development Public Works 594 594 Convention, Sports and Entertainment 1,735 1,735 Total expenditures 2,329 2,329 28,115 28,106 (9)
Excess (deficiency) of revenues over (under) expenditures (2,205) (2,205) (28,086) (28,105) (19)
Other financing sources (uses):
Transfers in 2,205 2,205 29,333 28,866 (467)
Transfers out Total other financing sources (uses) 2,205 2,205 29,333 28,866 (467)
Net change in fund balances 1,247 761 (486)
Fund balances at beginning of year 2,419 2,419 47,326 47,326 Fund balances at end of year $2,419 $2,419 $ $ 48,573 $ 48,087 $ (486) 91
CITY OF ANAHEIM Combining Balance Sheet Nonmajor Capital Projects Funds June 30, 2011 (In thousands)
Transportation Development Redevelopment Improvement Impact Other Capital Mello-Roos Projects Projects Projects Improvements Projects Total ASSETS Cash and cash equivalents $ 2,911 $ 8,376 $ 764 $ 3,363 $ 15,414 Investments 4,092 11,772 1,073 4,726 21,663 Accounts receivable, net 23 165 188 Accrued interest receivable 35 72 27 40 174 Notes receivable, net 2,790 2,790 Due from other funds 1,936 1,500 14,310 17,746 Due from other governments 180 $14,075 1,031 15,286 Land held for resale, net 33,209 33,209 Prepaid and other assets 611 1,095 1,706 Restricted cash and cash equivalents 7,074 122 6,321 13,517 Restricted investments 3,046 270 19,366 22,682 Total assets $55,907 $15,170 $22,916 $16,566 $33,816 $144,375 LIABILITIES AND FUND BALANCES Liabilities:
Accounts payable $ 3,769 $ 4,937 $ 649 $ 739 $ 779 $ 10,873 Wages payable 62 32 13 5 112 Deposits 1,149 1,149 Due to other funds 16,645 10,448 1,562 28,655 Deferred revenue 2,790 13,527 1,107 17,424 Total liabilities 24,415 28,944 3,331 739 784 58,213 Fund balances (deficits):
Nonspendable:
Prepaid and other assets 611 611 Restricted:
Capital projects 409 409 Development impact projects 19,585 33,032 52,617 Redevelopment projects 38,713 38,713 Streets, roads and transportation improvement projects 3,613 3,613 Assigned:
Debt service 8,490 8,490 Capital projects 6,928 6,928 Unassigned (7,832) (17,387) (25,219)
Total fund balances (deficit) 31,492 (13,774) 19,585 15,827 33,032 86,162 Total liabilities and fund balances $55,907 $15,170 $22,916 $1_6.566 $33,816 $144 375 92
CITY OF ANAHEIM Combining Statement of Revenues, Expenditures and Changes in Fund Balances (Deficits) - Nonmajor Capital Projects Funds Year Ended June 30, 2011 (Inthousands)
Transportation Development Redevelopment Improvement Impact Other Capital Mello-Roos Projects Projects Projects Improvements Projects Total Revenues:
Licenses, fees and permits $ 545 $ 545 Intergovernmental revenues $ 419 $ 2,692 729 3,840 Use of money and property 2,976 209 $ 867 $ 259 4,311 Other 136 29 165 Total revenues 3,531 2,692 1,512 867 259 8,861 Expenditures:
Police 15 15 Community Development 12,490 12,490 Public Works 240 263 669 108 1,280 Community Services 307 125 432 Capital outlay 11,768 19,961 6,514 36 4,968 43,247 Debt service:
Principal retirement 355 355 Interest charges 486 486 Debt issuance costs 168 168 Total expenditures 24,426 20,201 7,099 1,671 5,076 58,473 Deficiency of revenues under expenditures (20,895) (17,509) (5,587) (804) (4,817) (49,612)
Other financing sources (uses):
Transfers in 18,903 I 1,566 3,404 23,874 Transfers out (5,705) (447) (3,158) (9,310)
Issuance of bonds 6,570 6,570 Contribution from property owners 41,007 41,007 Total other financing sources 19,768 1,119 3,404 37,849 62,141 Net change in fund balances (deficit) (1,127) (17,508) (4,468) 2,600 33,032 12,529 Fund balances at beginning of year 32,619 3,734 24,053 13,227 73$633 Fund balances (deficit) at end of year $ 31,492 $(13,774) $19,585 $15,827 $ 33,032 $ 86,162 93
CITY OF ANAHEIM Schedule of Revenues, Expenditures and Changes in Fund Balances (Deficits)
Budget and Budgetary Basis Actual - All Capital Projects Funds Year Ended June 30, 2011 (Inthousands)
Redevelopment Projects Transportation Improvement Projects Final Variance Final Variance Budgeted Actual with Final Budgeted Actual with Final Amounts Amounts Budget Amounts Amounts Budget Revenues:
Licenses, fees and permits Intergovernmental revenues $ 486 $ 419 $ (67) $39,686 $ 2,692 $(36,994)
Use of money and property 3,659 3,969 310 Other 15008 736 (272)
Total revenues 5,153 5,124 (29) 39,686 2,692 (36,994)
Expenditures:
Police Fire Community Development 34,970 27,206 (7,764)
Planning 41 41 Public Works 36 (36) 48,195 20,124 (28,071)
Community Services Public Utilities 36 36 Total expenditures 35,006 27,206 (7,800) 48,272 20,201 (28,071)
Deficiency of revenues under expenditures (29,853) (22,082) 7,771 (8,586) (17,509) (8,923)
Other financing sources (uses):
Transfers in 27,559 18,903 (8,656) I I Transfers out (4,825) (5,705) (880)
Issuance of bonds 6,750 6,570 (180)
Contribution from property owners Total other financing sources (uses) 29,484 19,768 (9,716) 1 1 Net change in fund balances (369) (2,314) (1,945) (8,586) (17,508) (8,922)
Fund balances at beginning of year 32,619 32,619 3,734 3,734 Fund balances at end of year $ 32,250 30,305 $ (1,945) $(4,852) (13,774) $ (8,922)
Adjustments to reconcile to GAAP:
Proceeds on sale of land held for resale (1,693)
Transfers of land held for resale from Redevelopment Housing Set-aside and the City 1,654 Payments of interfund payable 1,230 Use of transportation credit (201)
Decline in value of land held for resale (503)
Gain on deposition of land held for resale 700 Ending fund balance - GAAP basis $31,492 $(13,774)
(continued) 94
CITY OF ANAHEIM Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Budgetary Basis Actual - All Capital Projects Funds Year Ended June 30, 2011 (Inthousands) (continued)
Development Impact Projects Other Capital Improvements Final Variance Final Variance Budgeted Actual with Final Budgeted Actual with Final Amounts Amounts Budget Amounts Amounts Budget Revenues:
Licenses, fees and permits $ 940 $ 545 $ (395)
Intergovernmental revenues 729 729 Use of money and property 120 209 89 $ 486 $ 867 $ 381 Other 50 29 (21)
Total revenues 1,110 1,512 402 486 867 381 Expenditures:
Police 15 15 Fire 35 (35)
Community Development 841 841 Planning Public Works 5,085 1,604 (3,481) 669 669 Community Services 15,189 5,480 (9,709) 1,351 161 (1,190)
Public Utilities Total expenditures 20,324 7,099 (13,225) 2,861 1,671 (1,190)
Deficiency of revenues under expenditures (19,214) (5,587) 13,627 (2,375) (804) 1,571 Other financing sources (uses):
Transfers in 1,566 1,566 635 3,404 2,769 Transfers Out (447) (447)
Issuance of bonds Contribution from property owners Total other financing sources (uses) 1,119 1,119 635 3,404 2,769 Net change in fund balances (19,214) (4,468) 14,746 (1,740) 2,600 4,340 Fund balances at beginning of year 24,053 24,053 _ 13.227 13,227 Fund balances at end of year $ 4,839 19,585 $14,746 $11,487 15,827 $4,340 Adjustments to reconcile to GAAP:
Proceeds on sale of land held for resale Transfers of land held for resale from Redevelopment Housing Set-aside and the City Payments of interfund payable Use of transportation credit Decline in value of land held for resale Gain on deposition of land held for resale Ending fund balances - GAAP basis $19,585 $15,827 (continued) 95
CITY OF ANAHEIM Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Budgetary Basis Actual - All Capital Projects Funds Year Ended June 30, 2011 (In thousands) (continued)
Mello-Roos Projects Final Variance Budgeted Actual with Final Amounts Amounts Budget Revenues:
Licenses, fees and permits Intergovernmental revenues Use of money and property $ 259 $ 259 Other Total revenues 259 259 Expenditures:
Police Fire Community Development Planning Public Works $30,217 5,076 (25,141)
Community Services Public Utilities Total expenditures 30,217 5,076 (25,141)
Deficiency of revenues under expenditures (30,217) (4,817) (25,400)
Other financing sources (uses):
Transfers in (3,158) (3,158)
Transfers Out Issuance of bonds Contribution from property owners 33,259 41,007 7,748 Total other financing sources (uses) 33,259 37,849 4,590 Net change in fund balances 3,042 33,032 29,990 Fund balances at beginning of year Fund balances at end of year $ 3,042 33,032 $ 29,990 Adjustments to reconcile to GAAP:
Proceeds on sale of land held for resale Transfers of land held for resale from Redevelopment Housing Set-aside and the City Payments of interfund payable Use of transportation credit Decline in value of land held for resale Gain on deposition of land held for resale Ending fund balance - GAAP basis $ 33,032 96
INTERNAL SERVICE FUNDS INTERNAL SERVICE "
FUNDS
INTERNAL SERVICE FUNDS INTERNAL SERVICE FUNDS are used to account for the financing of centralized services to City departments on a cost-reimbursement basis (including depreciation).
GENERAL BENEFITS AND INSURANCE FUND - Established to account for employee compensated absences, retirement and health benefits, and self-insurance programs.
MOTORIZED EQUIPMENT FUND - Established to account for motorized equipment used by City departments.
INFORMATION AND COMMUNICATION SERVICES FUND - Established to account for data processing and communication services to City departments.
MUNICIPAL FACILITIES MAINTENANCE - Established to account for City office maintenance services and equipment used by City departments.
CITY OF ANAHEIM Combining Statement of Fund Net Assets Internal Service Funds June 30, 2011 (In thousands)
General Information Benefits and Municipal and Motorized Communication Facilities Insurance Equipment Services Maintenance Total ASSETS Current assets:
Cash and cash equivalents $27,828 $ 2,904 $ 3,311 $1,923 $ 35,966 Inventments 39,111 4,082 4,653 2,702 50,548 Restricted cash and cash equivalent 57 57 Accounts receivable, net 2,163 2,163 Accrued interest receivable 284 39 31 21 375 Note receivable 69 69 Interfund receivable 13 13 Inventories 750 750 Prepaid and other assets 58 58 Total current assets 69,526 7,832 7,995 4,646 89,999 Noncurrent assets:
Accounts receivable, less current portion 203 203 Interfund receivable, less current portion 69 69 Restricted cash and cash equivalents 336 336 Unamortized debt issuance costs Net other post-employment benefits (OPEB) asset 9,629 9,629 Capital assets:
Buildings, structures and improvements 3,230 3,708 6,938 Machinery and Equipment 81 35,157 18,301 2,306 55,845 Less accumulated depreciation (81) (27,668) (11,020) (4,400) (43,169)
Capital assets, net 10,719 7,281 1,614 19,614 Total noncurrent assets 9,901 11,055 7,281 1,614 29,851 Total assets 79,427 18,887 15,276 6,260 119,850 LIABILITIES Current liabilities:
Accounts payable 3,393 937 1,680 391 6,401 Wages payable 3,381 81 16 72 3,550 Interest payable 6 6 Compensated absences 14,729 14,729 Self-insurance liability 7,831 7,831 Long-term debt 314 1,083 1,397 Unearned revenues 1,324 1,324 Total current liabilities 30,658 1,338 2,779 463 35,238 Noncurrent liabilities:
Compensated absences, less current portion 4,591 4,591 Self-insurance liability less current portion 27,574 27,574 Long-term debt, less current portion 1,258 1,258 Total noncurrent liabilities 32,165 1,258 33,423 Total liabilities 62,823 1,338 4,037 463 68,661 FUND NET ASSETS Invested in capital assets, net of related debt 10,741 4,940 1,614 17,295 Restricted for debt service 57 57 Unrestricted 16,604 6,751 6,299 4,183 33,837 Total fund net assets $16,604 $17,549 $11,239 $5,797 $51,189 97
CITY OF ANAHEIM Combining Statement of Revenues, Expenses and Changes in Fund Net Assets Internal Service Funds Year Ended June 30, 2011 (Inthousands)
General Information Benefits and Municipal and Motorized Communication Facilities Insurance Equipment Services Maintenance Total Operating revenues:
Charges for services $125,317 $10,495 $15,811 $8,633 $160,256 Other 10 8 4 34 56 Total operating revenues 125,327 10,503 15,815 8,667 160,312 Operating expenses:
Salaries and wages 3,603 3,456 602 2,946 10,607 Maintenance and operations 2,006 4,828 12,803 5,588 25,225 Insurance premiums and claims 9,857 9,857 Compensated absences and other benefits 108,952 108,952 Depreciation 2,568 2 121 4,853 Total operating expenses 124,418 10,852 15,569 8,655 159,494 Operating income (loss) 909 (349) 246 12 818 Nonoperating income (expenses):
Interest income 603 92 182 119 996 Interest expense (44) (91) (135)
Gain from disposal of capital assets 123 123 Total nonoperating income 603 171 91 119 984 Income (loss) before contribution and transfers 1,512 (178) 337 131 1,802 Capital contributions 36 36 Transfers in 4,000 4,000 Transfers out (97) (97)
Change in fund net assets 5,512 (239) 337 131 5,741 Fund net assets at beginning of year 11,092 17,788 10,902 5,666 45,448 Fund net assets at end of year $ 16,604 $17,549 $11,239 $5,797 $ 51,189 98
CITY OF ANAHEIM Combining Statement of Cash Flows Internal Service Funds Year Ended June 30, 2011 (Inthousands)
General Information Benefits and Municipal and Motorized Communication Facilities Insurance Equipment Services Maintenance Total Cash flows from operating activities:
Receipts from interfund services provided $125,317 $10,495 $15,811 $ 8,633 $160,256 Payments to suppliers (735) (4,159) (12,070) (4,704) (21,668)
Payments for salaries and wages to employees (3,560) (3,452) (599) (2,952) (10,563)
Payments for interfund services used (1,324) (207) (787) (747) (3,065)
Payments for insurance premiums and claims (10,564) (10,564)
Payments for compensated absences and other benefits (108,562) (108,562)
Other receipts 44 38 4 38 124 Net cash provided by operating activities 616 2,715 2,359 268 5,958 Cash flows from noncapital financing activities:
Receipt of interfund balances 17 17 Transfer in 4,000 4,000 Net cash provided by noncapital financing activities 4,017 4,017 Cash flows from capital and related financing activities:
Proceeds from sale of capital assets 126 126 Capital purchases (2,265) (366) (368) (2,999)
Capital contribution 36 36 Principal payments on long-term debt (296) (1,184) (1,480)
Interest payments (18) (91) (109)
Net cash used in capital and related financing activities (2,417) (1,641) (368) (4,426)
Cash flows from investing activities:
Purchase of investment securities (14,904) (1,441) (1,818) (720) (18,883)
Proceeds from sale and maturity of investment securities 16,879 1,759 2,006 1,165 21,809 Interest received 893 113 73 58 1,137 Net cash provided by investing activities 2,868 431 261 503 4,063 Increase in cash and cash equivalents 7,501 729 979 403 9,612 Cash and cash equivalents at beginning of the year 20,327 2,332 1,520 Cash and cash equivalents at end of the year $ 27,828 $ 3,297 $ 3,311 $1,923 $ 36,359
.continued) 99
CITY OF ANAHEIM Combining Statement of Cash Flows Internal Service Funds Year Ended June 30, 2011 (Inthousands) (continued)
General Information Benefits and Municipal and Motorized Communication Facilities Insurance Equipment Services Maintenance Total Reconciliation of operating income (loss) to net cash provided by (used in) operating activities:
Operating income (loss) $ 909 $ (349) $ 246 $ 12 $ 818 Adjustments to reconcile operating income (loss) to net cash provided by (used in) operating activities:
Depreciation 2,568 2,164 121 4,853 Changes in assets and liabilities:
Accounts receivable 1,026 57 4 1,087 Inventories (27) (27)
Note receivable (69) (69)
Prepaid and other assets 5 5 Accounts payable 105 462 (54) 137 650 Wages payable 43 4 3 (6) 44 Unearned revenues 242 242 Compensated absences (460) (460)
Self-insurance liability (1,051) (1,051)
Other post retirement employment benefits (OPEB) assets (134) (134)
Total adjustments (293) 3,064 2,113 256 5,140 Net cash provided by operating activities $ 616 $ 2,715 $ 2,359 $ 268 $ 5,958 Schedule of noncash financing and investing activities:
Capital assets financed through capital leases $ 977 $ 977 Transfers out of capital assets (97) (97)
Increase in fair value of investments $ 243 $ 23 100 $ 58 424 Reconciliation of cash and cash equivalents:
Cash and cash equivalents $ 27,828 $ 2,904 $ 3,311 $1,923 $ 35,966 Restricted cash and cash equivalents 393 393 Total cash and cash equivalents $ 27,828 $ 3,297 $ 3,311 $1,923 $ 36,359 100
FIDUCIARY FUNDS El.!
i FIDUCIARY FUNDS
CITY OF ANAHEIM Statement of Changes in Fiduciary Assets and Liabilities Agency Fund - Mello-Roos Year Ended June 30, 2011 (Inthousands)
Beginning Ending Balance Additions Deductions Balance ASSETS Restricted cash and cash equivalents $3,912 $39,413 $(37,543) $5,782 Restricted investments 678 2,715 (7) 3,386 Due from other governments 54 5,122 (5,120) 56 Total assets $4,644 $47,250 $(42,670) $9,224 LIABILITIES Due to bond holders $4,644 $42,123 $(37,543) $9,224 101
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STATISTICAL SECTION STATISTICAL SECTION
STATISTICAL SECTION The Statistical Section is included to provide detailed data on the physical, economic, social and political characteristics of the reporting government. It is intended to provide the user with a broader and more complete understanding of the government and its financial affairs than is possible from the basic financial statements and supplementary information included in the Financial Section.
STATISTICAL SECTION The Statistical Section is included to provide detailed data on the physical, economic, social and political characteristics of the reporting government. It is intended to provide the user with a broader and more complete understanding of the government and its financial affairs than is possible from the basic financial statements and supplementary information included in the Financial Section.
.. .. * . , . . . ::* , .-... . : ... :,,.. , , ! ;*.* ',:, : .. * !* ... ...:.: *: t. C
CITY OF ANAHEIM STATISTICAL INFORMATION (Unaudited)
The Statistical Section is included to provide financial statement users with additional historical perspective, context, and detail for them to use in evaluating the information contained within the financial statements, notes to the financial statements, and required supplementary information with the goal of providing the user a better understanding of the City's economic condition.
Contents Dge Financial trends These schedules contain information to hellp the reader understand how the City's financial performance and well-being have changed over time.
Net Assets by Component - Last Ten Fiscal Years 104 Changes in Net Assets - Last Ten Fiscal Years 105 Governmental Activities Tax Revenues by Source - Last Ten Fiscal Years 107 Fund Balances of Governmental Funds - Last Ten Fiscal Years 108 Changes in Fund Balances of Governmental Funds - Last Ten Fiscal Years 109 Revenue capacity These schedules contain information to help the reader assess the City's most significant local revenue sources.
General Government Tax Revenues by Source - Last Ten Fiscal Years 110 Assessed Value and Estimated Actual Value of Taxable Property - Last Ten Fiscal Years 111 Property Tax Rates - Direct and Overlapping Governments - Last Ten Fiscal Years 112 Principal Property Tax Payers - Current Year and Nine Years Ago 113 Property Tax Levies and Collections - Last Ten Fiscal Years 114 Debt capacity These schedules contain information to hellp the reader assess the affordability of the City's current levels of outstanding debt and the City's ability to issue additional debt in the future.
Ratios of Outstanding Debt by Type - Last Ten Fiscal Years 115 Ratios of General Bonded Debt Outstanding - Last Ten Fiscal Years 116 Diredt and Overlapping Government Activities Debt - As of June 30, 2011 117 Legal Debt Margin - Last Ten Fiscal Years 119 Pledged-Revenue Coverage - Last Ten Fiscal Years 120 Demographic and economic information These schedules offer demographic and economic indicators to help the reader understand the environment within which the City's financial activities take place.
Demographic and Economic Statistics - Last Ten Fiscal Years 122 Principal Employers - Last Eight Fiscal Years 123 Operating information These schedules contain service and infrastructure data to help the reader understand how the information in the City's financial report relates to the services the City provides and the activities it performs.
Full-time Equivalent City Government Employees by Function/Program - Last Ten Fiscal Years 125 Operating Indicators by Function - Last Eight Fiscal Years 126 Capital Assets Statistics by Function - Last Eight Fiscal Years 128 City of Anaheim Map 130 Sources: Unless otherwise noted, the information in these schedules is derived from the comprehensive annual financial reports for the relevant year.
103
CITY OF ANAHEIM Net Assets by Component Last Ten Fiscal Years (Inthousands)
(Accrual basis of accounting)
Fiscal Year 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 Governmental Activities Invested in capital assets, net of related debt $ 834,337 $ 795,579 $ 753,409 $ 733,305 $ 667,414 $ 668,628 $ 613,300 $ 584,875 $ 522,073 $ 516,931 Restricted 182,011 150,750 154,306 87,566 69,949 99,443 87,505 111,344 112,168 138,241 Unrestricted (124,422) (121,283) (92,773) (70,621) (33,187) (61,368) (56,074) (66,860) (14,286) (25,751)
Total Governmental Activities 891,926 825,046 814,942 750,250 704,176 706,703 644,731 629,359 619,955 629,421 Business-type Activities Invested in capital assets, net of related debt 786,175 762,236 754,157 752,632 707,119 660,769 697,647 673,244 666,361 639,652 Restricted 54,626 49,325 45,493 47,406 38,572 36,008 28,855 26,187 33,188 30,849 Unrestricted 115,445 130,812 145,269 165,196 203,967 215,685 229,051 242,888 232,569 248,968 Total Business-type Activities 956,246 942,373 944,919 965,234 949,658 912,462 955,553 942,319 932,118 919,469 Total Government Invested in capital assets, net of related debt 1,620,512 1,557,815 1,507,566 1,485,937 1,374,533 1,329,397 1,310,947 1,258,119 1,188,434 1,156,583 Restricted 236,637 200,075 199,799 134,972 108,521 135,451 116,360 137,531 145,356 169,090 Unrestricted (8,977) 9,529 52,496 94,575 170,780 154,317 172,977 176,028 218,283 223,217 Total Government $1,848,172 $1,767,419 $1,759,861 $1,715,484 $1,653,834 $1,619,165 $1,600,284 $1,571,678 $1,552,073 $1,548,890 Source: Finance Department, City of Anaheim 104
CITY OF ANAHEIM Changes in Net Assets Last Ten Fiscal Years (Inthousands)
(Accrual basis of accounting)
Fiscal Year 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 Program Revenues Governmental activities:
Charges for services General government $ 1,872 $ 1,708 $ 1,890 $ 2,088 $ 1,238 $ 1,385 $ 1,442 $ 1,413 $ 1,651 $ 1,462 Police 10,435 10,127 10,089 10,235 9,715 10,477 9,840 7,460 8,369 7,236 Fire 9.518 0,369 9,122 9,850 9,070 8,942 7,909 6,879 6,475 6,391 Community Development 8,143 7,306 5,459 6,212 6,713 6,122 4,667 9,972 6,843 5,753 Planning 6,263 6,453 7,724 9,084 10,778 9,031 6,994 3,739 3,869 3,773 Public Works 9,837 7,619 7,421 8,619 8,234 11,196 6,544 5,501 6,339 7,294 Community Services 4,024 4,561 4,833 4,855 4,043 18,421 4,985 4,490 3,936 4,629 Convention, Sports and Entertainment 4,356 202 200 218 200 200 200 200 200 200 Total charges for services 54,448 47,345 46,738 51,161 49,991 65,774 42,581 39,654 37,682 36,738 Operating grants and contributions 124,358 121,731 110,200 100,393 98,699 88,076 78,846 82,727 76,419 72,927 Capital grants and contributions 70,080 31,828 66,347 30,361 42,997 28,804 20,906 11,704 12,809 15,581 Governmental activities program revenues 248,886 200,904 223,285 181,915 191,687 182,654 142,333 134,085 126,910 125,246 Business-type activities:
Charges for services Electric Utility 381,496 377,387 365,526 351,160 310,074 322,845 284,740 295,723 272,024 300,474 Water Utility 55,598 56,368 50,807 49,125 49,600 46,926 43,427 44,395 41,801 41,845 Sanitation 56,359 56,023 55,424 54,017 53,215 49,397 46,480 48,085 43,045 41,809 Golf Courses 4,711 5,168 5,634 5,947 6,022 5,736 5,394 5,546 5,401 5,739 Convention, Sports and Entertainment 27,981 30.797 26,987 31,197 32,308 27,357 27,412 28,146 22,509 21,688 Total charges for services 526,145 525,743 504,378 491,446 451,219 452,261 407,453 421,895 384,780 411,555 Operating grants and contributions 746 1,990 965 1,194 1,160 2,556 2,473 1,471 1,560 3,622 Capital grants and contributions 12,667 5,622 6,620 12,332 4,808 5,749 11,513 7,468 5,389 13,113 Business-type activities program revenues 539,558 533,355 511,963 504,972 457,187 460,566 421,439 430,834 391,729 428,290 Total government program revenues 788,444 734,259 735,248 686,887 648,874 643,220 563,772 564,919 518,639 553,536 Expenses Governmental activities:
General government 10,911 10,917 12,144 12,610 10,951 7,394 8,943 7,582 9,793 6,780 Police 119,504 125,121 121,162 122,883 115,714 98,484 91,713 77,541 78,313 73,336 Fire 56,393 58,229 57,768 56,434 50,727 50,957 46,596 37,610 36,928 38,146 Community Development 105,937 117,621 109,523 105,651 93,089 87,814 83,183 86,542 89,212 67,389 Planning 15,627 16,822 17,057 17,199 16,107 14,493 13,206 12,628 11,118 11,492 Public Works 44,109 39,017 47,226 43,680 44,473 42,029 39,463 41,672 37,443 53,584 Community Services 30,958 35,372 37,704 39,033 36,827 31,712 28,314 27,050 27,397 29,209 Public Utilities 2,218 1,952 1,515 2,128 1,800 1,704 1,557 1,566 1,811 2,928 Convention, Sports and Entertainment 13,633 9,931 10,069 10,781 10,539 8,652 7,703 7,536 7,211 8,577 Interest on long-term debt 48,014 47,694 47,859 45,509 50,053 46,430 47,105 48,503 47,405 46,098 Governmental Activities Expenses 447,304 462,676 462,027 455,908 430,280 389,669 367,783 348,230 346,631 337,539 (continued) 105
CITY OF ANAHEIM Changes in Net Assets Last Ten Fiscal Years (inthousancis)
(Accrual basis of accounting) (continued)
Fiscal Year 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 Expenses Business-type activities:
Electric Utility 371,689 375,491 358,882 353,502 338,514 365,277 274,622 280,878 264,583 280,358 Water Utility 56,249 55,514 48,976 49,248 51,672 47,225 41,313 42,949 37,065 38,616 Sanitation 49,864 50,540 52,721 49,712 48,946 47,163 45,467 41,431 40,249 38,563 Golf Courses 4,256 4,436 4,495 4,810 4,365 4,433 4,062 4,278 3,699 3,745 Convention, Sports and EntertainmentVenues 44,707 46,143 45,643 47,795 46,743 47,965 47,351 43,406 43,197 40,500 Business-type activities expense 526,765 532,124 510,717 505,067 490,240 512,063 412,815 412,942 388,793 401,782 Total government expenses 974,069 994,800 972,744 960,975 920,520 901,732 780,598 761,172 735,424 739,321 Net (Expense)/Revenue Governmental activities (198,418) (261,772) (238,742) (273,993) (238,593) (207,015) (225,450) (214,1451 (219,721) (213,109)
Business-type activities 12,793 1,231 1,246 (95) (33,053) (51,497) 8,624 17,892 2,936 26,508 Total government, net (expense) revenue (185,625) (260,541) (237,496) (274,088) (271,6461 (258,512) (216,826) (106,253) 1216,785) (185,785)
General Revenues and Other Changes in Net Assets Governmental activities:
Taxes:
Property taxes $106,093 $107,420 $107,9)21 $105,311 $ 98,647 $ 86,756 $ 78,620 $ 57,239 $ 53,809 $ 49,867 Sales tax and use tax 54,711 51,214 56,035 62,510 64,878 66,972 60,803 55,716 52,426 52,059 Transient occupancy taxes 82,605 77,139 80,055 87,183 83,914 75,979 67,141 63,268 56,199 57,780 Motor vehicle license fees 1,783 1,026 1,180 1,532 1,866 2,595 2,113 21,143 19,360 18,751 Other taxes 7,288 7,288 8,041 9,529 10,337 10,817 10,175 9,561 8,935 8,885 UInrestricted investment earnings 3,667 7,012 8,667 15,337 17,597 12,346 8,071 3,991 12,678 15,035 Other 614 1,175 394 2,670 1,701 5,078 1,499 1,097 361 3,825 Gain from disposal of capital assets 2,491 Transfers 8,537 19,602 41,141 15,573 (42,874" 8,444 12,400 11,534 3,996 3,800 Governmental activities 265,298 271,876 303,434 299,645 236,066 268,987 240,822 223,549 210,255 210,011 Business-type activities:
9,617 15,825 19,580 31,244 27,375 16,850 16,592 6,120 13,658 13,388 Unrestricted investment earnings Other 418 1,723 51 Transfers (8,537) (19,602t (41,141) (15,573) 42,874 18,444) (12,400) (11,5341 13,9961 (3,809)
Business-type activities 1,080 (3,777) (21,561) 15,671 70,249 8,406 4,610 (3,691) 9,713 9,579 Total government 266,378 268,099 281,873 315,316 306,315 277,393 245,432 219,858 219,968 219,590 Change in Net Assets Governmental activities 66,880 10,104 64,692 25,652 (2,527. 61,972 15,372 9,404 19,466) 12,282)
Business-type activities 13,873 (2,546) (20,315) 15,576 37,196 (43,091) 13,234 14,201 12,649 36,087 Total government change in net assets 80,753 $ 7,558 $ 44,377 $ 41,228 $ 34,669 $ 18,881 $ 28,606 $ 23,605 $ 3,183 $ 33,805 Source: Finance Department, City of Anaheim 106
CITY OF ANAHEIM Governmental Activities Tax Revenues By Source Last Ten Fiscal Years (Inthousands)
(Accrual basis of accounting)
Amounts Motor Sales Transient Vehicle Fiscal Property and Use Occupancy License Other Year Taxes Taxes Taxes Fees' Taxes Total 2011 $106,093 $54,711 $82,605 $ 1,783 $ 7,288 $252,480 2010 107,420 51,214 77,139 1,026 7,288 244,087 2009 107,921 56,035 80,055 1,180 8,041 253,232 2008 105,311 62,510 87,183 1,532 9,529 266,065 2007 98,647 64,878 83,914 1,866 10,337 259,642 2006 86,756 66,972 75,979 2,595 10,817 243,119 2005 78,620 60,803 67,141 2,113 10,175 218,852 2004 57,239 55,716 63,268 21,143 9,561 206,927 2003 53,809 52,426 56,199 19,360 8,935 190,729 2002 49,867 52,059 57,780 18,751 8,885 187,342
' The decrease in motor vehicle license fees starting from fiscal year 2005 is due to the shifting of revenue from motor vehicle license fees category to the property tax category.
This was part of the State of California 2004 Budget Act.
Note: Certain reclassifications have been made to prior fiscal years' data to conform to the fiscal year 2011 presentation.
Source: Finance Department, City of Anaheim 107
CITY OF ANAHEIM Fund Balances of Governmental Funds Last Ten Fiscal Years (Inthousands)
(Modified accrual basis of accounting)
Fiscal Year 201111) 2010 2009 2008 2007 2006 2005 2004 2003 2002 General Fund Nonspendable $ 3,626 Restricted 582 Assigned 141 Unassigned 22,139 Reserved $ 4,092 $ 4,530 $ 5,001 $ 8,525 $ 9,701 $ 9,892 $ 10,225 $ 6,873 $ 2,856 Unreserved - designated 293 4,872 208 Unreserved - undesignated 29,490 47,729 37,347 47,409 44,978 39,179 34,458 31,268 33,512 Total General Fund 26,488 33,582 52,259 42,348 55,934 54,679 49,071 44,976 43,013 36,576 Housing Authority Fund Nonspendable 42 Restricted 7,778 Assigned 9,922 Unassigned Reserved 1,373 1,830 830 162 158 Unreserved - undesignated 11,603 5,669 6,474 7,935 3,932 5,682 5,525 4,894 4,347 Total Housing Authority Fund 17,742 12,976 7,499 7,304 8,097 3,932 5,682 5,525 5,052 4,347 Nonmajor Governmental Funds Nonspendable 631 Restricted 226,184 Assigned 23,251 Unassigned (34,293)
Reserved 130,313 142,760 138,402 120,885 110,289 76,568 91,787 87,547 85,149 Unreserved - designated, reported in:
Special revenue funds 7,349 7,211 6,809 2,415 9,102 14,974 7,993 13,305 Debt service funds 156 4,433 1,656 2,276 1,137 1,457 Capital projects funds 31,899 41,544 32,809 38,430 45,495 36,497 24,538 36,501 65,313 Unreserved - undesignated, reported in:
Special revenue funds 14,350 5,342 4,199 4,183 14,902 25,955 27,016 29,688 18,913 Capital projects funds (3,376) (7,037) (15,551) (25,687) (22,787) (4,735)
Total nonmajor governmental funds 215,773 180,691 194,253 168,324 142,502 158,138 150,716 151,334 153,736 182,680 Total governmental funds' $260,003 $227,249 $254,011 $217,976 $206,533 $216,749 $205,469 $201,835 $201,801 $223,603 The City implemented Governmental Accounting Standards Board Statement No. 54 (GASB 54) for the fiscal year ended June 30, 2011.
Fund balance classifications prior to the implementation of GASB 54 are not available Source: Finance Department, City of Anaheim 108
CITY OF ANAHEIM Changes in Fund Balances of Governmental Funds Last Ten Fiscal Years (Inthousands)
(Modified accrual basis of accounting)
Fiscal Year 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 Revenues Property taxes $106,093 $107,420 $107,921 $105,311 $ *98,647 $ 86,756 $ 78,620 $ 57,239 $ 53,809 $ 49,867 Sales and use taxes 55,034 48,210 56,493 64,296 65,695 64,993 59,000 54,559 53,241 51,552 Transient occupancy taxes 82,605 77,139 80,055 87,183 83,914 75,979 67,141 63,268 56,199 57,780 Other taxes 6,486 6,303 6,451 6,753 7,531 7,862 7,542 7,095 6,570 6,460 Licenses, fees and permits 18,772 21,580 21,062 24,705 37,991 40,625 18,749 15,578 15,731 15,806 intergovernmental revenues 150,394 141,418 158,729 135,072 712,593 104,705 102,423 109,523 108,798 105,250 Charges for services 24,408 18,351 17,874 17,730 16,799 16,216 15,459 18,565 17,911 17,450 Fines, forfeits and penalties 3,304 3,255 3,409 3,767 3,689 3,464 3,454 2,812 2,673 2,769 Use of money and property 10,159 10,236 9,293 16,923 18,208 13,203 9,144 8,408 12,354 13,878 Other 2,638 4,009 10,137 3,755 7,601 18,164 6,143 3,490 3,436 4,654 Total revenues 459,893 437,921 471,424 465,495 452,668 431,967 367,675 340,537 330,722 325,466 Expenditures General government 16,055 15,822 16,953 16,325 15,354 13,667 12,276 11,370 12,823 12,403 Police 114,678 115,379 112,057 115,195 109,467 94,602 86,529 74,356 74,518 68,274 Fire 55,802 55,713 55,966 54,685 48,201 48,383 44,182 36,277 35,684 34,651 Community Development 110,138 126,590 112,406 104,991 94,789 89,098 83,384 87,778 91,984 72,919 Planning 14,560 15,173 15,489 15,949 14,762 13,907 12,313 11,904 10,285 10,463 Public Works 27,087 19,957 29,321 25,810 26,820 24,646 22,248 25,224 21,425 37,377 Community Services 27,813 31,311 33,572 35,203 32,788 28,753 25,724 25,203 25,938 26,011 Public Utilties 2,220 1,939 1,507 2,120 1,791 1,704 1,557 1,566 1,811 2,651 Convention, Sports and Entertainment 9,917 6,369 6,699 7,390 7,399 6,131 5,140 5,353 4,677 6,003 Capital outlay 70,918 62,422 52,229 60,906 76,161 77,738 41,301 32,195 40,881 35,310 Debt service:
Principal 12,219 12,777 16,085 27,472 18,065 19,032 10,134 9,391 8,020 7,797 Interest charges 33,032 33,509 34,830 28,324 41,187 39,037 38,681 38,630 38,330 38,081 Debt issuance costs 227 70 5,182 4,017 Total expenditures 494,666 496,961 487,184 499,552 490,801 456,698 383,469 359,247 366,376 351,940 Revenues over (under) expenditures (34,773) (59,040) (15,760) (34,057) (38,133) (24,731) (15,794) (18,710) (35,654) (26,474)
Other Financing Sources (Uses)
Transfers in 99,571 83,498 121,987 299,410 101,249 95,535 99,166 73,939 67,407 66,480 Transfers out (86,621) (59,970) (76,304) (288,985) (91,028) (84,325) (88,277) (62,970) (63,759) (56,470)
Issuance of refunding bonds 5,084 201,680 253,134 Payments to refundedl bond escrow agent (5,683) (171,222) (255,325)
Premium on long-term debt 94 4,641 Discount on long-term debt (199)
Issuance of long-term debt 13,570 8,000 2,769 175 18,238 22,583 7,289 7,775 4,450 Issuance of refunding bonds Contribution from property owners 41,007 Special items 1,250 Proceeds from the sale of capital assets 20 5,754 Capital leases 1,649 2,198 Claims settlement proceeds 750 3,848 Total other financing sources 67,527 32,278 51,795 45,500 27,917 36,011 19,428 18,744 13,852 10,010 Net change in fund balances $ 32,754 $ (26,762) $ 36,035 $ 11,443 $ (10,216) $ 11,280 $ 3,634 $ 34 $ (21,802) $ (16,464)
Debt service as a percentage of non-capital expenditures 10.68% 10.65% 11.71% 12.72% 14.29% 15.32% 14.27% 14.68% 14.24% 14.49%
Source: Finance Department, City of Anaheim 109
CITY OF ANAHEIM General Government Tax Revenues By Source Last Ten Fiscal Years (In thousands)
(Modified accrual basis of accounting)
Amounts in Dollars Secured Unsecured Supplemental Property Sales Transient Fiscal Property Property Property Taxes and Use Occupancy Other Year Taxes Taxes Taxes in-lieu of VLF1 Taxes Taxes Taxes Total 2011 $68,830 $10,079 $1,939 $25,245 $55,034 $82,605 $6,486 $250,218 2010 71,076 9,562 1,382 25,400 48,210 77,139 6,303 239,072 2009 70,133 9,410 2,678 25,700 56,493 80,055 6,451 250,920 2008 65,853 10,448 4,170 24,840 64,296 87,183 6,753 263,543 2007 59,042 9,945 4,580 25,080 65,695 83,914 7,531 255,787 2006 49,570 9,409 4,207 23,570 64,993 75,979 7,862 235,590 2005 46,181 9,244 3,626 19,569 59,000 67,141 7,542 212,303 2004 46,523 8,591 2,125 54,559 63,268 7,095 182,161 2003 44,689 7,358 1,762 53,241 56,199 6,570 169,819 2002 41,272 6,778 1,817 51,552 57,780 6,460 165,659
' Collection of property taxes in-lieu of VLF starting in fiscal year 2005 is due to the shifting of revenue from motor vehicle license fees category to the property tax category.
This was part of the State of California 2004 Budget Act.
Note: Certain reclassifications have been made to prior fiscal years' data to conform to the fiscal year 2011 presentation.
Source: Finance Department, City of Anaheim 110
CITY OF ANAHEIM Assessed Value of Taxable Property Last Ten Fiscal Years (Inthousands)
(Modified accrual basis of accounting)
Fiscal Year 2011 2010 2009 2008 2007 City of Anaheim Secured property $28,600,152 $28,775,989 $29,329,062 $28,473,221 $26,507,229 Unsecured property 1,278,062 1,283,263 1,226,209 1,198,812 2,442,959 Total City of Anaheim 29,878,214 30,059,252 30,555,271 29,672,033 28,950,188 Anaheim Redevelopment Agency Secured property 3,751,227 3,762,168 3,644,931 3,360,645 2,838,528 Unsecured property 743,403 762,903 789,618 818,255 813,249 Total Anaheim Redevelopment Agency 4,494,630 4,525,071 4,434,549 4,178,900 3,651,777 Total Taxable Assessed Value $34,372,844 $34,584,323 $34,989,820 $33,850,933 $32,601,965 Total Direct Tax Rate 0.11075% 0.11031% 0.11024% 0.11041% 0.11041%
Fiscal Year 2006 2005 2004 2003 2002 City of Anaheim Secured property $24,081,039 $22,288,504 $20,826,232 $20,145,764 $18,389,042 Unsecured property 1,117,310 1,162,358 1,287,967 2,641,697 1,086,486 Total City of Anaheim 25,198,349 23,450,862 22,114,199 22,787,4.61 19,475,528 Anaheim Redevelopment Agency Secured property 2,574,542 2,332,303 2,177,936 2,057,045 1,877,074 Unsecured property 734,299 748,144 731,733 564,089 536,872 Total Anaheim Redevelopment Agency 3,308,841 3,080,447 2,909,669 2,621,134 2,413,946 Total Taxable Assessed Value $28,507,190 $26,531,309 $25,023,868 $25,408,595 $21,889,474 Total Direct Tax Rate 0.11083% 0.11117% 0.11161% 0.11103% 0.11168%
Note: In 1978 the voters of the State of California passed Proposition 13 which limited property taxes to a total maximum rate of 1% based upon the assessed value of the property being taxed. Each year, the assessed value of property may be increased by an "inflation factor" (limited to a maximum increase of 2%). With few exceptions, property is only reassessed at the time that it is sold to a new owner. At that point, the new assessed value is reassessed at the purchase price of the property sold. The assessed valuation data shown above represents the only data currently available with respect to the actual market value of taxable property and is subject to the limitations described above.
Source: Auditor-Controller, California municipal Statistics, Inc, County of Orange, HdL Coren & Cone 111
CITY OF ANAHEIM Property Tax Rates Direct and Overlapping Governments Last Ten Fiscal Years (Rate per $100 assessed value)
Fiscal Year 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 City Direct Rate'.*
City Basic Rate"2 0.10851 0.10816 0.10816 0.10816 0.10816 0.10816 0.10816 0.10816 0.10816 0.10816 Anaheim General Obligation Bond Fund 0.00224 0.00215 0.00208 0.00225 0.00225 0.00267 0.00301 0.00345 0.00287 0.00352 0.11075 0.11031 0.11024 0.11041 0.11041 0.11083 0.11117 0.11161 0.11103 0.11168 Overlapping Rates:
Anaheim Elementary General Fund 0.29873 0.29778 0.29778 0.29778 0.29778 0.29778 0.29778 0.29778 0.29778 0.29778 Anaheim High General Fund 0.19043 0.18982 0.18982 0.18982 0.18982 0.18982 0.18982 0.18982 0.18982 0.18982 Educational Revenue Augmentation Fund 0.15592 0.15543 0.15543 0.15543 0.15543 0.15543 0.15543 0.15543 0.15543 0.15543 North Orange Co. Community 0.07755 0.07730 0.07730 0.07730 0.07730 0.07730 0.07730 0.07730 0.07730 0.07730 College General Fund Orange County Cemetery District 0.00057 0.00057 0.00057 0.00057 0.00057 0.00057 0.00057 0.00057 0.00057 0.00057 Orange County Department Of Education 0.01579 0.01574 0.01574 0.01574 0.01574 0.01574 0.01574 0.01574 0.01574 0.01574 Orange County Flood Control District General 0.02197 0.02190 0.02190 0.02190 0.02190 0.02190 0.02190 0.02190 0.02190 0.02190 Orange County General Fund 0.06849 0.06827 0.06827 0.06827 0.06827 0.06827 0.06827 0.06827 0.06827 0.06827 Orange County Harbors Beaches & Rarks CSA 0.01698 0.01693 0.01693 0.01693 0.01693 0.01693 0.01693 0.01693 0.01693 0.01693 Orange County Sanitation District #2 Operating 0.03227 0.03469 0.03496 0.03469 0.03469 0.03469 0.03469 0.03469 0.03469 0.03469 Orange County Transportation Authority 0.00312 0.00311 0.00311 0.00311 0.00311 0.00311 0.00311 0.00311 0.00311 0.00311 Orange County Vector Control 0.00124 0.00124 0.00124 0.00124 0.00124 0.00124 0.00124 0.00124 0.00124 0.00124 Orange County Water District 0.00831 0.00893 0.00893 0.00893 0.00893 0.00893 0.00893 0.00893 0.00893 0.00893 Orange County Water District Water Reserve 0.00012 0.00013 0.00013 0.00013 0.00013 0.00013 0.00013 0.00013 0.00013 0.00013 Anaheim Elementary School Districts 0.03363 0.03193 0.02248 0.03544 0.02240 0.02811 0.02641 0.02495 0.02846 Anaheim High School Districts 0.02745 0.02617 0.02363 0.02516 0.02355 0.02444 0.02770 0.02370 0.02567 North Orange County Community College 0.01758 0.01662 0.01493 0.01502 0.01444 0.00520 0.00580 0.00610 0.00670 0.00770 Water District Rate 0.00370 0.00430 0.00430 0.00450 0.00470 0.01666 0.01441 0.01597 0.01573 Total Direct and Overlapping Rates 1.08460 1.08117 1.06742 1.08237 1.06734 1.07708 1.07733 1.07417 1.07943 1.01122 "I Excludes rates associated with Mello-Roos Districts.
12, In 1978, California voters passed Proposition 13 which sets the property tax rate at a 1% fixed amount. This 1% is shared by all taxing agencies for which the subject property resides. In 1986, the State Constitution was amended to allow rates over the 10% base rate for voter approved general obligation debt. Valuations of real property are frozen at the value of the property in 1975, with an allowable adjustment up to 2% per year for inflation. However, property is assessed to its current value when a change of ownership occurs.
New construction, including tenant improvements, is assessed at its current value.
Source: Auditor-Controller, Orange County 112
CITY OF ANAHEIM Principal Property Tax Payers Current Year and Nine Years Ago (In thousands)
Fiscal Year 2011 2002 Taxable Taxable Assessed Assessed Tax Payer Rank Value Rank Value Walt Disney World Company 1 $3,840,600 1 $2,267,576 Makar Anaheim LLC 2 129,692 Kilroy Realty LP 3 126,099 8 57,437 Anaheim GW II LLC 4 125,571 Lennar Platinum Triangle 5 123,998 PPC Anaheim Apartments 6 107,780 Angeli LLC 7 84,468 3 69,609 Worldmark Club 8 81,407 Joan MTR Schlund 9 79,032 4 68,385 Avalon Anaheim Stadium 10 76,509 Boeing North America 2 143,228 James P. Crawford 5 65,388 Reef America REIT II 6 61,241 OTR 7 58,182 Fairfield Resorts, Inc. 9 53,612 PC and RS Chao Family LTD 10 49,746 Total $4,775,156 $2,894,404 Source: Finance Department, City of Anaheim, California Municipal Statistics, Inc.
113
CITY OF ANAHEIM Property Tax Levies and Collections Last Ten Fiscal Years (Inthousands)
Collected within the Fiscal Total Collections Year of the Levy as of 6/30 Delinquent Fiscal Total Secured Percentage Tax Percentage Year Tax Levy Amount of Levy Collections Amount of Levy 2011 $69,915 $67,247 96.18% $ 485 $67,732 96.88%/
2010 70,988 69,087 97.32% 1,583 70,670 99.55%
2009 70,592 68,426 96.93% 1,742 70,168 99.40%
2008 66,592 64,801 97.31% 1,536 66,337 99.62%
2007 60,386 58,292 96.53% 920 59,212 98.06%
2006 53,935 52,920 98.12% 553 53,473 99.14%
2005 49,816 49,197 98.76% 543 49,740 99.850%
2004 46,547 45,731 98.25% 775 46,506 99.91%
2003 46,390 43,995 94.84% 621 44,616 96.18%
2002 40,972 40,313 98.39% 654 40,967 99.99%
Note: Certain reclassifications have been made to prior fiscal years' data to conform to the fiscal year 2011 presentation.
Source: Auditor-Controller, County of Orange 114
CITY OF ANAHEIM Ratios of Outstanding Debt by Type Last Ten Fiscal Years (Inthousands, except per capita amount)
Fiscal Year 2011 2010 2009 2008 2007 Governmental Activities Bonds $ 821,587 $ 810,504 $ 805,068 $ 793,343 $ 740,107 Certificates of participation 12,070 12,990 13,840 23,333 26,788 Notes and loans 34,566 29,094 24,621 27,538 57,614 Capital leases 2,341 2,605 1,235 2,353 2,484 Total governmental activities 870,564 855,193 844,764 846,567 826,993 Business-Type Activities Bonds 908,683 805,925 829,707 689,791 706,126 Certificates of participation 38,000 38,000 38,000 88,185 96,475 Notes and loans 30,519 11,379 12,299 13,189 14,081 Capital leases 267 Total business-type activities 977,202 855,304 880,006 791,165 816,949 Total Government $1,847,766 $1,710,497 $1,724,770 $1,637,732 $1,643,942 Percentage of Personal Income 24.12% 23.32% 23.96% 21.93% 22.17%
Per Capita $ 5,418 $ 5,088 $ 5,193 $ 4,953 $ 4,985 Fiscal Year 2006 2005 2004 2003 2002 Governmental Activities Bonds $ 740,959 $ 739,775 $ 737,538 $ 734,079 $ 729,955 Certificates of participation 30,066 33,174 36,107 38,941 41,679 Notes and loans 43,342 28,669 22,747 17,152 13,403 Capital leases 2,220 1,523 2,001 269 362 Total governmental activities 816,587 803,141 798,393 790,441 785,399 Business-Type Activities Bonds 513,874 528,130 543,780 429,957 416,961 Certificates of participation 125,087 132,952 140,355 144,564 176,409 Notes and loans 14,976 15,842 16,678 17,485 18,264 Capital leases 275 180 349 509 660 Total business-type activities 654,212 677,104 701,162 592,515 612,294 Total Government $1,470,799 $1,480,245 $1,499,555 $1,382,956 $1,397,693 Percentage of Personal Income 20.01% 21.48% 21.60% 20.11% 20.76%
Per Capita $ 4,465 $ 4,466 $ 4,507 $ 4,174 $ 4,228 Note: Per capita amounts are estimates.
Sources: California State Department of Finance and Finance Department, City of Anaheim US Census Yearly American Community Survey 115
CITY OF ANAHEIM Ratios of General Bonded Debt Outstanding Last Ten Fiscal Years (In thousands, except per capita amount)
Fiscal Year 2011 2010 2009 2008 2007 Bonds General Obligation $ 3,735 $ 4,255 $ 4,750 $ 5,220 $ 5,700 Lease Revenue 609,683 605,252 600,064 588,692 582,272 Tax Allocation 208,169 200,997 200,254 199,431 152,135 821,587 810,504 805,068 793,343 740,107 Less amounts available in debt service fund 67,363 69,043 63,560 57,995 39,075 Total net obligation bonds outstanding $754,224 $741,461 $741,508 $735,348 $701,032 Percentage of Assessed Value of Property 2.19% 2.14% 2.12% 2.17% 2.15%
Per capita $ 2,212 $ 2,205 $ 2,233 $ 2,224 $ 2,126 Fiscal Year 2006 2005 2004 2003 2002 Bonds General Obligation $ 6,170 $ 6,625 $ 7,060 $ 7,460 $ 7,850 Lease Revenue 575,125 569,016 562,118 554,361 546,152 Tax Allocation 159,664 164,134 168,360 172,258 175,953 740,959 739,775 737,538 734,079 729,955 Less amounts available in debt service fund 39,232 30,812 44,132 41,461 44,916 Total net obligation bonds outstanding $701,727 $708,963 $693,406 $692,618 $685,039 Percentage of Assessed Value of Property 2.46% 2.67% 2.77% 2.73% 3.13%
Per capita $ 2,130 $ 2,139 $ 2,084 $ 2,090 $ 2,072 Note: Details regarding the City's outstanding debt can be found in the notes to the basic financial statements.
Source: Finance Department, City of Anaheim 116
CITY OF ANAHEIM Direct and Overlapping Governmental Activities Debt As of June 30, 2011 (Inthousands) 2010-1 I Assessed Valuation $34,372,844 Redevelopment Incremental Valuation 4,494,630 Adjusted Assessed Valuation $29 ý878 214 DIRECT TAX AND ASSESSMENT DEBT: Outstanding City of Anaheim $ 3,735 DIRECT GENERAL FUND DEBT:
City of Anaheim General Fund Obligations 584,657 TOTAL GROSS DIRECT DEBT 588,392 Less: City of Anaheim Public Financing Authority (100% self-supporting) 572,587 TOTAL NET DIRECT DEBT 15,805 City's Share Total Debt of Debt OVERLAPPING TAX AND ASSESSMENT DEBT: 6/30/11 % Applicable(I) 6/30/11 Metropolitan Water District $ 227,670 1.671% $ 3,804 North Orange Joint Community College District 214,514 28.642 61,441 Rancho Santiago Community College District 309,908 15.303 47,425 Anaheim Union High School District 113,874 72.098 82,101 Fullerton Joint Union High School District 56,768 0.348 198 Placentia - Yorba Linda Unified School District 273,148 11.277 30,803 Anaheim School District 13,481 99.820 130,246 Magnolia School District 18,422 54.340 10,011 Other School Districts 211,094 Various 15,063 City of Anaheim Community Facilities Districts 44,505 100.000 44,505 Orange Unified School District Community Facilities Districts 11,130 9.786-100.000 5,293 TOTAL OVERLAPPING TAX AND ASSESSMENT DEBT 1,494,514 430,890 OVERLAPPING GENERAL FUND DEBT:
Orange County General Fund Obligations 316,898 7.998% 25,346 Orange County Pension Obligations 54,683 7.998 4,373 Orange County Board of Education Certificates of Participation 19,000 7.998 1,520 Yorba Linda County Water District Certificates of Participation 9,200 0.958 88 11,340 29.577 3,354 North Orange County Regional Occupation Program Certificates of Participation 49,350 30.512 15,058 Orange Unified School District Certificates of Participation Orange Unified School District Benefit Obligations 91,365 30.512 27,877 Placentia-Yorba Linda Unified School District Certificates of Participation 108,661 11.277 12,254 Anaheim Union High School District Certificates of Participation 38,975 72.098 28,100 Fullerton Joint Union High School District Certificates of Participation 22,255 0.348 77 990 11.832 117 Centralia School District Certificates of Participation Fullerton School District Certificates of Participation 6,670 .204 14 TOTAL GROSS OVERLAPPING GENERAL FUND OBLIGATION DEBT 729,387 118,178 TOTAL GROSS OVERLAPPING DEBT 549,068 TOTAL NET OVERLAPPING DEBT 549,068 GROSS COMBINED TOTAL DEBT 1,137,460 (2)
NET COMBINED TOTAL DEBT $ 564,873 (continue(]) 117
CITY OF ANAHEIM Direct and Overlapping Governmental Activities Debt As of June 30, 2011 (In thousands)
(continued)
(1) Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue, and tax allocation bonds and non-bonded capital lease obligations.
(2) Percentage of overlapping agency's assessed valuation located within boundaries of the city.
Ratios to 2010-11 Assessed Valuation:
Direct Debt ($3,735) 0.010/
Total Direct and Overlapping Tax and Assessment Debt 1.26%
Ratios to Adjusted Assessed Valuation:
Gross Combined Direct Debt ($588,392) 1.97%
Net Combined Direct Debt ($15,805, 0.05%
Gross Combined Total Debt 3.81%
Net Combined Total Debt 1.89%
State School Building Aid Repayable as of 6/30/11: $0 Source: California Municipal Statistics, Inc.
Note: Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City. This schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and businesses of the City. This process recognizes that, when considering the government's ability to issue and repay long-term debt, the entire debt burden borne by the residents and businesses should be taken into account. However, this does not imply that every taxpayer is a resident, and therefore responsible for repaying the debt, of each overlapping government.
118
CITY OF ANAHEIM Legal Debt Margin Last Ten Fiscal Years (Inthousands)
Fiscal Year 2011 2010 2009 2008 2007 Debt limit $ 4,290,023 $ 4,316,398 $ 4,399,359 $ 4,270,983 $ 3,976,084 Total net debt applicable to limit (3,735) (4,255) (4,750) (5,220) (5,700)
Legal debt margin $ 4,286,288 $ 4,312,143 $ 4,394,609 $ 4,265,763 $ 3,970,384 Total net debt applicable to the limit as a percentage of debt limit 0.09% 0.10% 0. 1% 0.12% 0.14%
Legal Debt Margin Assessed value $28,600,152 $28,775,989 $29,329,062 $28,473,221 $26,507,227 Debt limit (15% of total assessed value) 4,290,023 4,316,398 4,399,359 4,270,983 3,976,084 Fiscal Year 2006 2005 2004 2003 2002 Debt limit $ 3,612,156 $ 3,343,276 $ 3,123,935 $ 3,418,119 $ 2,882,716 Total net debt applicable to limit (6,170) (6,625) (7,060) (7,460) (7,850)
Legal debt margin $ 3,605,986 $ 3,336,651 $ 3,116,875 $ 3,410,659 $ 2,874,866 Total net debt applicable to the limit as a percentage of debt limit 0.17% 0.20% 0.23% 0.22% 0.27%
Legal Debt Margin Assessed value $24,081,039 $22,288,504 $20,826,232 $22,787,461 $19,218,106 Debt limit (15% of total assessed value) 3,612,156 3,343,276 3,123,935 3,418,119 2,882,716 Note:
Under State Finance Law, the City's outstanding general obligation debt should not exceed 15 percent of total assessed property value. By law, the general obligation debt subject to the limitation may be offset by amounts set aside for repaying general obligation bonds.
Source: Finance Department, City of Anaheim 119
CITY OF ANAHEIM Pledged-Revenue Coverage Last Ten Fiscal Years (in thousands)
Redevelopment - Tax Allocation Revenue Bonds Tax Less Net Fiscal Increment Operating Available Debt Service Year Revenue Expenses' Revenue Principal Interest Total Coverage 2011 $45,940 $ 8,848 $37,092 $ 55 $10,862 $10,917 3.3976 2010 46,652 21,409 25,243 10,766 10,766 2.3447 2009 46,101 5,300 40,801 10,766 10,766 3.7898 2008 45,719 4,722 40,997 6,000 6,275 12,275 3.3399 2007 40,710 2,729 37,981 3,983 13,417 17,400 2.1828 2006 37,341 5,196 32,145 2,977 11,727 14,704 2.1861 2005 34,984 5,361 29,623 3,014 11,700 14,714 2.0133 2004 31,650 3,321 28,329 4,620 9,996 14,616 1.9382 2003 27,762 2,628 25,134 4,370 10,251 14,621 1.7190 2002 27,394 1,275 26,119 4,130 10,488 14,618 1.7868 Operating expenses consist of SERAF contributions and pass through agreements.
Electric Utility Revenue Bonds Less Net Fiscal Electric Operating Available Debt Service Year Revenue Expenses2 Revenue Principal Interest Total Coverage 2011 $391,218 $309,274 $81,944 $17,825 $30,825 $48,650 1.6844 2010 390,364 309,112 81,252 15,995 31,788 47,783 1.7004 2009 378,916 300,269 78,647 15,370 28,798 44,168 1.7806 2008 373,842 299,534 74,308 14,690 29,450 44,140 1.6835 2007 330,421 265,340 65,081 13,765 24,424 38,189 1.7042 2006 336,091 268,274 67,817 13,145 25,132 38,277 1.7717 2005 297,443 218,562 78,881 15,875 24,780 40,655 1.9403 2004 295,988 232,050 63,938 14,840 20,102 34,942 1.8298 2003 280,471 216,841 63,630 14,716 19,179 33,895 1.8773 2002 308,329 238,124 70,205 14,764 16,861 31,625 2.2199 Operating expenses excludes amortization and depreciation.
Note: Details regarding the City's outstanding debt can be found in the notes to the basic financial statements.
Source: Finance Department, City of Anaheim (continued) 120
CITY OF ANAHEIM Pledged-Revenue Coverage Last Ten Fiscal Years (Inthousands)
(continued)
Water Utility Revenue Bonds Less Net Fiscal Water Operating Available Debt Service Year Revenue Expenses' Revenue Principal Interest Total Coverage 2011 $56,935 $45,293 $11,642 $ 880 $3,275 $4,155 2.8019 2010 57,787 45,231 12,556 1,490 2,544 4,034 3.1125 2009 53,039 40,123 12,916 1,435 1,967 3,402 3.7966 2008 51,052 41,190 9,862 1,375 325 1,700 5.8012 2007 51,595 43,203 8,392 1,325 379 1,704 4.9249 2006 47,904 39,110 8,794 1,870 450 2,320 3.7905 2005 44,484 33,312 11,172 1,340 485 1,825 6.1216 2004 44,659 35,602 9,057 1,625 819 2,444 3.7058 2003 43,669 29,775 13,894 1,540 906 2,446 5.6803 2002 43,944 31,103 12,841 1,465 990 2,455 5.2305 Operating expenses excludes amortization and depreciation.
Sanitation Revenue Bonds Less Net Fiscal Wastewater Operating Available Debt Service Year Revenue' Expenses, Revenue Principal Interest Total Coverage 2011 $11,813 $4,030 $7,783 $805 $2,193 $2,998 2.5961 2010 11,773 5,452 6,321 775 2,224 2,999 2.1077 2009 10,913 5,176 5,737 2,224 2,224 2.5796 2008 10,299 5,167 5,132 1,532 1,532 3.3499 2007 10,113 6,734 3,379 Amounts based on the notes to the basic financial statement, segment reporting.
Operating expenses excludes amortization and depreciation.
Note: Details regarding the City's outstanding debt can be found in the notes to the basic financial statements.
Source: Finance Department, City of Anaheim 121
CITY OF ANAHEIM Demographic and Economic Statistics Last Ten Fiscal Years Personal Per Education Orange Income Capita Level in County Fiscal (thousands Personal Median Years of School Unemployment Year Population' of dollars) Income Age', Schooling Enrollment Rate 2011 341,034 $7,662,144 $22,467'", 32.4 12.2 97,884 9.20%
2010 336,208 7,333,705 21,813 32.4 12.2 68,331 9.500%
2009 332,120 7,198,701 21,675 32.4 12.2 68,890 9.30%
2008 330,659 7,467,272 22,583 32.4 12.2 68,663 5.30%
2007 329,780 7,416,752 22,490 32.4 12.2 69,296 3.90%
2006 329,373 7,351,605 22,320 32.4 12.2 70,793 3.70%
2005 331,458 6,892,338 20,794 32.4 12.2 71,314 3.90%
2004 332,727 6,943,347 20,868 32.4 12.2 71,637 3.60%
2003 331,350 6,878,163 20,758 32.4 12.2 71,488 4.00%
2002 330,619 6,732,395 20,363 32.4 12.2 70,651 4.00%
Population and Median age were updated to reflect Census 2010 counts.
Per capita income for fiscal year 2011 is estimated, as data is not readily available.
Sources: California State Department of Finance Anaheim City Superintendent of Schools State of California, Employment Development Department State Department of Commerce and Labor State Department of Education US Census Yearly American Community Survey 122
CITY OF ANAHEIM Principal Employers Last Eight Fiscal Years Fiscal Year 2011 2010 2009 Percentage of Total City Employer Rank Employees Employment Rank Employees Rank Employees Walt Disney Resort 1 22,710 13.1% 1 22,660 1 20,050 Kaiser Foundation Hospital 2 3,660 2.1Y 2 3,660 2 3,660 Northgate Gonzalez Supermarkets 3 1,900 1.1% 3 1,900 4 2,000 Anaheim Memorial Hospital Medical Center 4 1,200 0.7% 4 1,185 5 1,185 Honda Center 5 950 0.6%/, 6 1,000 7 1,000 Hilton Anaheim 6 905 0.5% 7 920 8 920 Western Medical Center 7 800 0.5%
Times Warner Cable 8 800 0.5%
West Anaheim Medical Center 9 796 0.5% 8 774 9 774 Anaheim Marriott Hotel 10 730 0.4% 9 730 Alstyle Apparel 10 700 10 750 Long Beach Mortgage Boeing North America Opal Concepts Anaheim Sports Incorporated Aramark at Angels Stadium of Anaheim SBC Communications Airport Bus 3 2.000 AT&T 5 1,000 6 1,000 Note: Statistics prior to fiscal year 2004 are not readily available.
Sources: California Employment Development Department Inside Prospects Database (continued) 123
CITY OF ANAHEIM Principal Employers Last Eight Fiscal Years (continued)
Fiscal Year 2008 2007 2006 2005 2004 Employer Rank Employees Rank Employees Rank Employees Rank Employees Rank Employees Walt Disney Resort 1 20,050 1 22,470 1 23,105 1 21,350 1 22,650 Kaiser Foundation Hospital 2 3,660 2 3,880 2 3,660 2 2,580 4 1,500 Northgate Gonzalez Supermarkets 4 2,000 3 2,070 5 1,000 Anaheim Memorial Hospital Medical Center 5 1,185 4 1,212 7 979 5 1,185 6 1,185 Honda Center 6 1,000 6 1,000 6 1,000 Hilton Anaheim 7 920 7 950 8 6 960 7 1,000 Western Medical Center Times Warner Cable West Anaheim Medical Center 10 774 10 774 10 774 8 774 Anaheim Marriott Hotel Alstyle Apparel 9 750 5 1,000 4 1,600 7 875 8 1,000 Long Beach Mortgage 8 800 8 800 9 8,000 Boeing North America 3 3,500 4 1,750 2 3,500 Opal Concepts 3 2,000 3 2,000 Anaheim Sports Incorporated 9 600 5 1,200 Aramark at Angels Stadium of Anaheim 10 350 10 700 SBC Communications 9 775 9 700 Airport Bus AT&T 3i 2,650 Note: Statistics prior to fiscal year 2004 are not readily available.
Sources: California Employment Development Department Inside Prospects Database 124
CITY OF ANAHEIM Full-time Equivalent City Government Employees by Function/Program Last Ten Fiscal Years Fiscal Year 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 Function/Program City Council 7 7 7 7 7 7 7 7 7 7 City Administration 21 24 24 24 22 19 18 17 18 20 City Attorney 30 35 35 35 35 32 32 32 33 33 City Clerk 6 7 7 7 7 7 7 7 6 6 Human Resources 36 40 40 40 40 38 37 37 38 38 Finance 35 40 41 42 42 42 42 44 44 46 City Treasurer 12 12 12 12 12 12 12 12 12 12 Police 554 610 610 604 591 582 570 568 593 592 Fire 277 289 289 290 290 288 285 285 288 288 Community Development 105 106 109 108 114 120 119 112 111 110 Planning 75 93 94 97 96 95 96 96 97 91 Public Works 252 252 252 252 249 247 245 245 245 246 Community Services 123 180 183 184 183 183 179 188 192 195 Public Utilities 377 377 377 367 354 337 335 331 330 330 Convention, Sports and Entertainment 91 91 91 88 88 86 86 86 86 85 Total 2,001 2,163 2,171 2,157 2,130 2,095 2,070 2,067 2,100 2,099 Source: City of Anaheim 125
CITY OF ANAHEIM Operating Indicators by Function Last Eight Fiscal Years Fiscal Year 2011 2010 2009 2008 2007 2006 2005 2004 Function/Program Police Department Number of calls for service 195,587 185,934 191,037 196,241 203,832 173,669 173,669 174,906 Number of 911 calls received 165,698 140,529 129,998 125,174 134.938 103,586 92,710 89,723 Number ol Part I Crimes per 100,000 population 2,886 2,857 2,764 2,899 3,042 3,042 3,250 3,598 Number of Arrest 13,345 17,650 15,951 16,212 14,135 Number of Field Reports processed by Records Bureau 35,807 35,256 37,999 40,232 43,000 54,401 62,842 64,382 Number of traffic collisions 4,046 4,027 4,251 4,626 4,461 4,837 5,055 4,808 Number of Hours of Volunteer service 20,335 18,038 16,201 16,820 15,654 Fire Department Fire responses 983 1,275 1,016 1,082 649 687 519 590 False alarm responses 1,487 1,467 1,503 1,398 719 678 581 579 Mutual aid responses 2,707 2,560 2,532 2,662 2,296 2,271 2,530 2,441 Medical responses 22,202 24,045 21,553 21,301 16,326 16,679 13,783 14.130 Hazardous condition responses ispills, leaks, bomb removal, power line rlown, etc.) 199 207 224 203 263 322 138 134 Public Works Centerline miles of arterial highwvay pavement improved 5.8 9 8.1 9.1 8.7 3.5 2.9 5.6 Square feet of deteriorated pavement replaced 4,274,463 820,000 780,500 890,500 890,500 920,500 910,250 887,156 Square feet of deteriorated pavement slurry sealed 4,167,569 1,975,000 2,532,000 3,483,000 3,483,000 3,522,000 4,175,500 2,704,599 Number of traffic intersections maintained 319 318 318 316 316 308 15 298 Number of traffic control hubs maintained 18 18 17 16 16 15 1 15 Square feet of deteriorated sidewalk replaced 62,940 60,000 50,500 50,200 50,200 46,500 48,850 56,725 Linear feet of damaged curb/gutter replaced 24,755 11,500 12,500 11,500 11,500 11,500 1,350 2,230 SCluare feet of medians/parkways maintained 5,460,655 5.400,000 5,350,000 5,350,000 5,350,000 5,212,600 5,209,500 5,132,700 Square feet of landscape maintained in the Anaheim Resort 1,430,486 1,430,486 1,419,286 1,419,286 1,419,286 1,419,286 1,419,286 1,419,286 Square feet of hardscape maintained in the Anaheim Resort 1,001,743 858,828 858,828 858,828 858,828 858,828 858,828 858,828 Number of vehicles maintained 1,162 1,331 1,331 1,351 1,283 1,273 1,273 1,283 Number of vehicles per mechanic 47 50 55 59 48 50 50 54 Square feet of interior space maintainerl 2,176,265 2,176,265 2,176,265 2,176,265 1,941,287 1,882,400 1,882,400 1,903,000 Square feet of exterior space maintained 39,138,187 39,138,187 39,138,187 39,138,187 35,298,000 35,238,900 35,238,900 35,283,600 Number of facility square feet (interior) per worker 114,540 103,631 103,631 103,631 77,651 75,296 75,500 75,500 Number of construction projects 136 130 130 132 167 158 130 192 Number of permit inspections 355 800 800 802 1,623 1,567 1,659 1,717 Parks Number of park acres maintained per full-time equivalent employee 75 12 12.00 10.52 10.52 10.52 10.39 10.39 Number of sports fielrs prepared 66 66 66 66 66 66 66 69 Cost per acre of parks maintained. $8,333 $9,651 $9,950 $10,699 $10,288 $9,960 $8,791 $9,144 Cost per sports field maintained. $4,261 $5,134 $5,134 $4,937 $4,747 $4,596 $4,828 $4,377 (continued) 126
CITY OF ANAHEIM Operating Indicators by Function Last Eight Fiscal Years (continued)
Fiscal Year 2011 2010 2009 2008 2007 2006 2005 2004 Function/Program City Libraries Computer assistance 115,475 150,318 156,716 95,068 37,725 Total circulation - books 1,700,104 1,655,922 1,489,849 1,648,398 1,536,044 1,363,327 1,422,072 1,689,744 Reference questions answered 115,766 102,557 98,026 80,564 87,318 67,663 93,964 151,379 Information assistance 164,698 247,221 255,644 184,301 294,940 318,089 375,944 450,052 Patrons (patron visits) 1,403,995 1,572,138 1,752,838 1,615,640 1,373,002 1,176,441 1,147,079 1,267,487 Library cardholders 156,444 149,501 138,826 147,638 161,278 139,611 114,700 100,690 Programs offered 3,927 3,991 4,777 4,410 3,923 2,740 3,559 3,572 Program attendance 124,401 146,357 158,669 152,532 129,661 84,631 79,912 99,330 Public internet sessions 279,564 328,901 369,463 323,645 257,089 227,005 206,569 201,739 Community Services Programs Number of youth program participants 110,013 134,611 146,381 455,725 362,839 362,839 354,505 346,171 Number of youth program participants in recreation classes 10,231 10,125 16,332 16,006 13,675 15,200 14,886 14,886 Number of adult program Sports teams 908 885 875 840 756 812 820 639 Number of park ranger contacts 232,132 187,000 208,176 161,038 140,000 139,773 88,935 132,633 Public Utilities Department Electric Utility:
Number of meters 114,662 113,434 112,548 111,784 111,319 110,729 110,635 110,592 Megawatt-hours - sales 2,976,014 3,344,188 3,208,123 2,979,396 3,233,508 3,223,728 3,090,382 3,282,236 Megawatt-hours - purchased power 2,737,174 3,085,358 2,836,962 2,978,800 2,780,318 2,606,275 2,459,836 2,603,955 Megawatt-hours - owned generation 431,027 410,784 435,835 301,021 696,563 929,787 936,471 974,395 Water Utility:
Number of meters 62,717 62,532 62,456 62,445 62,372 62,045 62,205 61,704 Millions of gallons sold 19,526 20,492 22,238 23,154 24,075 22,887 22,550 23,881 Millions of gallons purchased from Metropolitan Water District 7,398 8,054 6,614 4,978 8,049 10,188 9,144 8,169 Millions of gallons pumped from water system wells 13,399 14,669 17,034 18,961 16,844 13,580 14,244 16,784 Anaheim Convention Center Number of events serviced 200 232 310 339 347 337 310 262 Number of attendees 935,000 944,000 917,000 1,008,359 1,098,000 1,002,000 1,202,000 992,000 Percentage of occupancy 56.0 9% 68.0% 56.0% 61.0% 70.0% 58.0% 66.0% 71.0%
Note: Statistics prior to fiscal year 2004 are not readily available.
Source: Various City Departments 127
CITY OF ANAHEIM Capital Assets Statistics by Function Last Eight Fiscal Years Fiscal Year 2011 2010 2009 2008 2007 2006 2005 2004 Function/Program Police Department Police Facilities 10 10 10 9 8 6 4 4 Motorized Equipment 242 250 266 255 251 248 Police Helicopters 3 4 4 3 3 3 3 3 Shooting Range 1 1 1 1 1 1 1 Communication/Radio Tower 1 1 1 1 1 1 1 1 Fire Department Fire stations 11 11 11 11 11 10 10 10 Training center I 1 1 I I 1 1 1 Fire trucks, engines, and other vehicles 69 74 74 79 79 72 72 71 Public Works Streets (center lane miles) 578 588.2 633.2 633.2 633.2 633.2 588.2 588.2 Traffic signals 318 306 318 314 312 312 309 308 Sewers (miles) 570.44 569.6 568.3 565.7 561.5 560 560 560 Storm Drains (miles) 151.24 151.24 148 148 148 148 148 148 Park Community parks 11 11 11 11 11 11 11 11 Mini parks 7 7 7 6 6 6 6 6 Neighborhood parks 21 21 21 20 20 20 21 21 Special use parks 6 6 6 6 6 6 6 6 City Libraries Branch libraries 7 7 7 7 6 5 4 5 Book mobiles 1 2 2 2 2 2 1 1 (continued) 128
CITY OF ANAHEIM Capital Assets Statistics by Function Last Eight Fiscal Years (continued)
Fiscal Year 2011 2010 2009 2008 2007 2006 2005 2004 Function/Program Public Utilities Department Electric Utility:
Transmission, 69kV, circuit miles 90 80 80 80 77 69 70 70 Distribution, 12 kV and lower, circuit miles Overhead 440 446 446 453 458 468 800 791 Underground 658 617 625 615 582 564 620 612 Water Utility:
Active wells 18 18 18 21 19 21 23 26 Reservoirs 14 13 13 13 13 13 13 13 Water Mains (miles) 752 753 750 750 747 746 747 749 Fire Hydrants 7,802 7,805 7,751 7,749 7,730 7,720 7,848 7,818 Anaheim Convention Center Square footage available 1,130,000 1,130,000 1,130,00 1,130,00 1,130,00 1,130,00 1,130,00 1,130,00 Number of exhibit halls 5 5 5 5 5 5 5 5 Note: Statistics prior to fiscal year 2004 are not readily available.
Source: Various City Departments 129
CITY OF ANAHEIM Legend
" CITY HALL 200 S. ANAHEIM BLVD.
A FIRE STATIONS
- POLICE STATIONS LIBRARIES CITY FACILITIES HELIPORT PARKS
- 1. HANSEN PARK 11. WILLOW PARK 21. COLONY SQUARE 31. OLIVE HILLS PARK 41. CANYON RIM PARK 1300 S. Knott St. 1625 W. Crone Ave. 210 E. Lincoln Ave. 4200 Nohl Ranch Rd. 7305 E. Canyon Rim Rd.
- 2. REID PARK 12. PALM LANE PARK 22. WALNUT GROVE PARK 32. RIVERDALE PARK 42. RONALD REAGAN PAR 3100 W. Orange Ave. 1595 Palais Rd. 905 S. Anaheim Blvd. 945 S.Weir Canyon Rd.
4545 E. Riverdale Ave.
- 3. SCHWEITZER PARK 13. SAGE PARK 23. CITRUS PARK 33. PERALTA CANYON PARK 43. ROOSEVELT PARK 238 S. Bel Air St. 1313 Lido PI. 104 S. Atchison St. 115 N. Pinney Dr. 8160 E.Bauer Rd.
- 4. MAXWELL PARK 14. STODDARD PARK 24. PONDEROSA PARK 44. ROSS PARK
- 34. PELANCONI PARK 2660 W. Orange Ave. 901 S. Ninth St. 2100 S. Haster St. 1280 W. Santa Ana St.
222 S. Avenida Margarita
- 5. PETER MARSHALL PARK 15. MANZANITA PARK 25. LINCOLN PARK 45. COTTONWOOD PARK
- 35. IMPERIAL PARK 801 N. Magnolia Ave. 1260 Riviera St. 1440 E. Lincoln Ave. 450 S. Imperial Hwy. 853 W. Cottonwood Cir.
- 6. BROOKHURST COMMUNITY PARK 16. LA PALMA PARK & STADIUM 26. EDISON PARK 46. DEER CANYON PARK 1151 La Palma Park Way
- 36. EUCALYPTUS PARK 2271 W. Cresent Ave. 1145 Baxter St. Mohler & Santa Ana Rd.
100 N. Quintana Dr.
- 7. JOHN MARSHALL PARK 17. PEARSON PARK 27. BOYSEN PARK 47. FOUNDERS' PARK
- 37. OAK PARK 2066 Falmouth Ave. 400 N. Harbor Blvd. 951 State College Blvd. 6400 E. Nohl Ranch Rd. 400 N. West St.
- 8. MODJESKA PARK 18. LITTLE PEOPLES PARK 28. JUAREZ PARK 38. YORBA REGIONAL PARK 48. COLONY PARK 841 S. Sunkist St. 501 E. Water St.
1331 S. Nulwood St. 220 W. Elm St. 7600 E. La Palma Ave.
- 9. CLARA BARTON PARK 19. JULIANNA PARK 29. PIONEER PARK 39. OAK CANYON NATURE CENTER 309 E. Juliana St. 2565 E. Underhill Ave.
1926 Clearbrook Ln. 6700 Walnut Canyon Rd.
- 10. CHAPARRAL PARK 20. GEORGE WASHINGTON PARK 30. RIO VISTA PARK 1770 E. Broadway
- 40. SYCAMORE PARK 250 E. Cypress St. 201 N. Parkvista St. 8268 Monte Vista Rd.
130