ML13302A221
| ML13302A221 | |
| Person / Time | |
|---|---|
| Site: | San Onofre  |
| Issue date: | 11/16/1979 |
| From: | Ferrone G ANAHEIM, CA |
| To: | |
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| References | |
| NUDOCS 8006190525 | |
| Download: ML13302A221 (79) | |
Text
CITY OF ANAHEIM
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ANAHEIM CALIFORNIA ANAHEIM CIVIC CENTER ANNUAL FINANCIAL REPORT June 30, 1979 s8oo619o
ID ANNUAL FINANCIAL REPORT CITY OF ANAHEIM, CALIFORNIA FOR THE FISCAL YEAR ENDED JUNE 30, 1979 Prepared by Department of Finance George Ferrone, Director of Finance
CITY OF ANAHEIM ANNUAL FINANCIAL REPORT TABLE OF CONTENTS JUNE 30, 1979 INTRODUCTORY SECTION Page Letter of Transmittal i-iv MFOA Certificate of Conformance V CSMFO Certificate of Award for Outstanding Financial Reporting vi Organization Chart Administrative Personnel viii FINANCIAL SECTION Report of Independent Accountants 1 GENERAL PURPOSE FINANCIAL STATEMENTS Combined Balance Sheet-All Fund Types and Account Groups 4 Combined Statement of Revenue, Expenditures and Changes in Fund Balances-6 All Governmental Fund Types Statement of Revenue, Expenditures and Changes in Fund Balances-Budget and 8
Actual-General and Special Revenue Fund Types Combined Statement of Revenue, Expenses and Chjanges in Retained Earnings/Fund 10 Balance-All Proprietary Fund Types and Similar Trust Fund Combined Statement of Changes in Financial Position-All Proprietary Fund Types 12 and Similar Trust Fund Combining Balance Sheet-All Enterprise Funds 14 Combining Statement of Revenue, Expenses and Changes in Retained Earnings 16 (Deficit)-AI Enterprise Funds Combining Statement of Changes in Financial Position-All Enterprise Funds 18 Notes to the Financial Statements 20 SUPPLEMENTARY INFORMATION Balance Sheet-General Fund 29 Statement of Revenue, Expenditures and Changes in Fund Balance-General Fund 30 Combining Balance Sheet-All Special Revenue Funds Combining Statement of Revenue, Expenditures and Changes in Fund Balances- 31 32 All Special Revenue Funds (Continued)
CITY OF ANAHEIM ANNUAL FINANCIAL REPORT TABLE OF CONTENTS JUNE 30,1979 (continued)
Statement of Revenue, Expenditures and Changes in Fund Balances- Budget and 34 Actual-Major Special Revenue Funds Balance Sheet-Debt Service Fund 36 Statement of Revenue, Expenditures and Changes in Fund Balance- Debt 37 Service Fund Combining Balance Sheet-All Capital Projects Funds 38 Combining Statement of Revenue, Expenditures and Change in Fund Balances- 39 All Capital Projects Funds Combining Balance Sheet-All Internal. Service Funds 40 Combining Statement of Revenue, Expenses and Changes in Retained Earnings 41 (Deficit)-AII Internal Service Funds Combining Statement of Changes in Financial Position-All Internal Service Funds 42 Combining Balance Sheet-All Trust and Agency Funds 43 Combining Statement of Changes in Assets and Liabilities-All Agency Funds 44 Statement of General Fixed Assets 45 Statement of General Long-term Debt 46 Schedule of Insurance in Force 48 Combined Schedule of Investments-All Funds 50 STATISTICAL SECTION General Governmental Expenditures by Function Last Ten Fiscal Years 51 General Revenues by Source Last Ten Fiscal Years 52 Assessed and Estimated Actual Values of All City Property Last Ten Fiscal Years 53 Current Tax Levies and Tax Collections Last Ten Fiscal Years 53 Property Tax Rates-All Overlapping Governments Last Ten Fiscal Years 54 Schedule of Direct and Overlapping Bonded Debt 56 Statement of Legal Debt Margin 57 Ratio of Annual Debt Service Expenditures for General Bonded Debt to Total General 58 Expenditures Last Ten Fiscal Years Schedule of Revenue Bond Coverage-Water Utility Fund 59 Schedule of Revenue Bond Coverage-Electric Utility Fund 60 Demographic Statistics 61 Construction Activity Last Ten Fiscal Years 62 Principal Taxpayers 63 Miscellaneous Statistics 64 mimmma a lmlsm - - M m
o CITY OF ANAHEIM, CALIFORNIA Finance Department November 16, 1979 F Honorable Mayor and City Council City of Anaheim Anaheim, California In accordance with the Charter of the City of Anaheim, I am submitting the Annual Financial Report for the year ended June 30, 1979. This Annual Financial Report includes an unqualified opinion from the City Council appointed indepen dent auditors, for the fourth successive year. The financial report is divided into two sections:
I. Financial section--consists of combined financial statements prepared in accordance with generally accepted accounting principles, followed by supplementary information consisting of individual financial statements fund type. by II. Statistical section--consists of pertinent financial information that presents historical trends and other signifi cant data.
On March 11, 1977, the Municipal Finance Officers Association of the United States and Canada (MFOA) awarded a Certificate of Conformance in Financial Reporting to the City of Anaheim for its Annual Financial Report for the fiscal year ended June 30, 1976. A Certificate of Conformance is valid for a period of three years subject to annual reviews. Our Annual Financial Report for the fiscal years ended June 30, 1977 and 1978 have successfully passed their required annual review. We believe that our current Annual Financial Report continues to conform to Certificate of Conformance Program requirements. We are submitting this report to MFOA for review for a new Certificate for fiscal 1978-79.
In order to be awarded a Certificate of Conformance, a governmental unit must publish a comprehensive Annual Financial Report, whose contents include its basic financial statements prepared in conformance with generally accepted accounting principles, an appropriate letter of transmittal, an extensive statistical section and whose representations are organized into an efficiently communicative format.
On February 2, 1979, the California Society of Municipal Finance Officers (CSMFO) awarded its outstanding award meeting professional standards at the highest level of quality for the Annual Financial Report to the City of for the year ended June 30, 1978. Our report substantially exceeded their standards. Anaheim for FINANCIAL OVERVIEW The City of Anaheim improved its already strong financial position by stressing cost effective financial management City services. The result was a general government performance of $4.84 million better than expected. of been committed towards high priority capital improvements throughout the community. These funds have The property tax rate of $0.147 for fiscal year 1978-79 represents a decrease from the previous year's rate of $0.88. The rate was further reduced to $0.096 for fiscal year 1979-80.
ACCOUNTING METHODS AND SYSTEMS The City is completing the design and implementation of an on-line, integrated management fiscal information system. Effective July 1, 1978, both the General Ledger and Equipment Rental Systems became operational.
July 1, 1979, the Accounts Payable System became operational. During the fiscal year ending June Effective will implement a new on-line Budget System and intends to implement a new Payroll/Personnel 30, 1980, the City System.
Implicit in the implementation of the new management fiscal information system, new funds (Data Processing and Equipment Supply) were established, in fiscal year 1977/78, to isolate costs on a functional basis. During the fiscal year 1979/80 the City will implement Duplicating and Printing and Facility Rental Funds for the same purpose.
Classified as Internal Service Funds, they provide a specific service for which all City departments assessed user charges. Based on these charges and costs isolated, relative to their service, and funds will be these functions can now be addressed on the basis of responsibility accounting.
BOND RATING A bond rating demonstrates a third party opinion of the City's fiscal health. The City's general was improved in August 1978 by Standard & Poors to "AA-." This rating is highly obligation bond rating coveted in today's municipal environment and represents an improvement from the "A" status the City held since 1973.
P. 0. Box 3222, Anaheim, California 92803
As a result of Proposition 13, most of the lease rental bond ratings in California, including the City of Anaheim, were withdrawn in June 1978. The City of Anaheim was the first of over 400 cities in California, to have its lease rental bond ratings reinstated by both rating agencies. In addition, Standard & Poors raised their rating from "BBB" to "A-1" and Moodys raised their rating from "Baa" to "A" in August 1978 on the City's lease rental bonds. The financial results for the year ended June 30, 1979 clearly reflect that this improved bond rating was well deserved. Proposition 13 had little immediate affect on the City of Anaheim because of its diverse financial strength.
On March 27, 1979 City of Anaheim (California) Stadium, Inc., the nonprofit corporation from which the City leases Anaheim Stadium, issued bonds in the principal amount of $33,000,000 (Rated "A" by Moodys) for the purpose of expanding the Stadium to raise the seating capacity from 45,000 to 70,000 seats by August, 1980 when the Los Angeles Rams move to Anaheim. The contract with the Los Angles Rams guarantees revenues sufficient to meet all debt service costs of this bond issue. In 1978, the California Angels set a record attendance with 1,755,386 paid attendance. A new record of 2,523,575 paid attendance was set in 1979, making the Angels the second American League team in history to draw over 2,500,000. On September 25, 1979, the Angels won the American League West Championship for the first time in their nineteen year history, and had fifteen sellout crowds.
On April 12, 1979 Community Center Authority, a joint powers entity, issued bonds in the principal amount of
$10,000,000 (Rated "A" by Moodys) for the purpose of acquiring land and providing architects fees for designing a 250,000 square foot expansion to the Anaheim Convention Center. Upon completion the total floor area, under roof, will be 785,000 making the Anaheim Convention Center the third largest in the Country. The Anaheim Convention Center handled over 990 event days and is one of the busiest in the Country with an attendance of 1.5 million people.
An authorized $20,000,000 bond sale is planned for the Spring of 1980 to provide construction funds for this expansion.
RISK MANAGEMENT PROGRAM The City established a formal Risk Management Program in May, 1978 when the City's first Risk Manager was such as the appointed. The Risk Manager's duties include the responsibility for all risk management functions, the purchase identification, development and monitoring of loss prevention programs, claims controls and negotiating of all insurance.
After extensive research and evaluation, the Risk Manager recommended the firm of Marsh & McLennan to serve as the City's official insurance broker of record and the City Council confirmed the selection in May, 1979. Subsequently, the City's annual comprehensive general liability insurance coverage was renewed effective September, 1979 at a cost of $318,601, representing a 47% reduction over the previous year's premium cost of $600,304, or a net savings of
$281,703 annually.
ANAHEIM STADIUM BONDS-REFUNDED On August 31, 1978 City of Anaheim (California) Stadium, Inc., the nonprofit corporation from which the City leases Anaheim Stadium, issued bonds in the principal amount of $24,950,000 for the purpose of refunding the bonds issued in 1964 to build Anaheim Stadium. Certain of the proceeds were placed in an escrow account and invested in 1964 bonds and government securities. The principal and interest on such investments will be sufficient to refund theremaining to be
$13,165,000 of the principal and related interest of the new bond issue. Accordingly, the principal The advance refunding of the repaid through fiscal year 2001 is $11,785,000 at coupon rates ranging from 5% to 7%.
1964 bonds resulted in an extraordinary gain of $5,057,000 as reflected in the financial statements of the Stadium Fund.
amended to adjust the lease Also, on August 31, 1978, the lease between the City and the nonprofit corporation was of the new bond issued. As a payments required to be made to the City to approximate the debt service requirements result, the required lease payments were reduced, in total over the lease term by $3,618,000.
REDEVELOPMENT AGENCY A major section in the downtown business district has been cleared out, as a result of Redevelopment Project Alpha, in will cost an estimated $900,000,000 with $800,000,000 coming from private investors. A a revitalization program that for the 100-unit senior citizens housing complex has been completed and occupied for months. Groundbreaking area is expected before January 1980. Plans have been
$6,200,000 Towne Center commercial project in the renewal It is expected that the Downtown drawn for two major high-rise commerical-office-residential projects in the area.
Redevelopment Project will generate several thousand new jobs in Anaheim.
FUTURE DEVELOPMENTS with the Los The future of Anaheim continues to be very optimistic. The City is currently involved in negotiations Stadium scoreboard costing Angeles Rams on their "Operations Agreement," with advertisers for the new Anaheim estimated to cost between develop a 1,000 room "Convention Center Hotel"
$2,100,000 and with a major hotel chain to
$80,000,000 and $100,000,000.
All indications are that each negotiation will be successful and result in a substantial financial gain to the City of Anaheim.
The City's overall financial position is represented below in tabular and graphic form.
Summary Balance Sheet-All Fund Types and Account Groups (in millions)
Governmental Proprietary Fiduciary Total Fund Fund Fund Account 1978 Types Types Types Groups 1979 (Restated)
Assets $27.6 $213.6 $8.5 $38.6 $288.3 $252.1 Liabilities $14.6 $110.1 $8.5 $ 5.3 $138.5 $110.6 Equity 13.0 103.5 33.3 149.8 141.5
$27.6 $213.6 $8.5 $38.6 $288.3 $252.1 Summary Operating Statement-Governmental and Proprietary Fund Types (in millions)
Governmental 1978 Proprietary 1979 (Restated) 1979 1978 Revenue $ 58.6 $ 59.5 $ 91.0 $ 82.4 Expenditures/Expense 71.7 56.8 84.6 75.3 Net (13.1) 2.7 6.4 7.1 Non-operating income 3.8 3.5 Transfers from (to) other funds 6.3 7.0 (6.5) (7.6)
Net to equity before extraordinary item (6.8) 9.7 3.7 3.0 Extraordinary item-gain on refunding of Stadium bonds 5.1 Net to equity ($ 6.8) $ 9.7 $ 8.8 $ 3.0 TOTAL CITY REVENUE BY SOURCE*
GOVERNMENTAL PROPRIETARY 1979*
- ACTUAL 13% 15% 10% 46% 5% 5% 2 4% M1L4N 1978 ACTUAL 14% 18% 10% 45% 4% 4% 2 3 $145.4 I 0 I LL 'U oU 2> <
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(*Excludes extraordinary gain on refunding of Stadium debt)
TOTAL EXPENDITURES BY FUNCTION***
1979 GOVERNMENTAL PROPRIETARY ACTUAL 1% 43 /o 13 1'3% MLLION 1978 ACTUAL A UAL 14%
14T2S% 12% 9% %4%5 9%44% 5%343333
-3r 15% 132.
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GOVERNMENTAL OPERATIONS In general, operations of the City's governmental funds (General, Special Revenue, Debt Service and Capital Projects funds) were characterized by cost effectiveness and maximum use of available resources. Expenditures exceed revenues and transfers by $6.8 million, which was financed out of prior year fund balances.
Governmental fund operations for fiscal year 1978-79 included:
- 1. A major increase in public works capital expenditures, primarily for the Civic Center and other downtown construction associated with Redevelopment Project Alpha.
- 2. A significant increase in accumulated workers' compensation, deferred compensation and civil liabilities, as a result of the City's continuing effort to fully fund employee benefits.
- 3. A slight decline in total governmental fund revenues, due primarily to lower than expected billings to other government agencies for CETA and Parksites and Playground funds, which should be recouped in the coming year. Increased sales tax revenue served to offset the decline in property tax revenue resulting from the passage of Proposition 13.
PROPRIETARY OPERATIONS Proprietary operations (water and electric utilities, Anaheim Stadium, Anaheim Convention Center, golf courses and internal service funds) contributed $8.8 million to retained equity in 1978-79. This included an extraordinary gain of $5.1 million resulting from the refunding of the 1964 Stadium bonds.
The $3.7 million income contribution this year was a result of lower operating income than last year which was offset by increased non-operating revenue and decreased transfers to governmental fund operations.
somewhat Operating income declined from last year due to increased costs of purchased power for the electric utilities demonstrated offset by a water rate increase and a much improved performance of the Equipment Supply Fund, which both increased revenues and lower operating costs.
Non-operating income increased due to substantial increases in transient occupany tax revenues and interest income on bond funds. Net transfers to governmental funds declined overall. Increased utility fund transfers (due to higher gross revenues) were more than offset by declines in transfers out of other proprietary funds.
In total the June 30, 1979 balance sheet of the proprietary funds changed from the prior year as follows:
- 1. Assets are up $48.6 million as a result of new Stadium and Convention Center bond issues (which increased restricted cash) and additions to property, plant and equipment (primarily at the Convention Center and Electric Utility).
- 2. Liabilities are up $37.1 million, principally as a result of the same Stadium and Convention Center bond issues.
water and
- 3. Contributions increased $3.8 million as a result of significant contributions from developers to both the electric utilities.
The Finance Director alone could not achieve the results presented herein. A fine staff of capable accountants led by Irwin is also Bornstein, Assistant Finance Director-Accounting, made this financial presentation possible. Appreciation William Pro Tem E. Llewellyn Overholt; William Talley, City Manager and expressed to Mayor John Seymour; Mayor Audit Committee.
Hopkins, Assistant City Manager, for their significant contributions as members of the Their I wish to express special appreciation to the City Manager and the executive staff of the City for their strong support.
leadership has made possible the implementation of these important and innovative concepts in fiscal management by the City of Anaheim.
Respectfully submitted,
/I George P. Ferrone Director of Finance
The Municipal Finance Officers Association of the United States and Canada (MFOA) awarded aCertificate of Conformance in Financial Reporting to the City of Anaheim for our Annual Financial Report for the fiscal year ended June 30, 1976.
In order to be awarded a Certificate of Conformance, a governmental unit must publish an easily readable and efficiently organized comprehensive Annual Finan cial Report, whose contents conform to industry standards. Such reports must satisfy both generally accepted accounting principles and applicable legal re quirements.
ACertificate of Conformance isvalid for a period of three years subject to two Annual Reviews. Our Annual Financial Reports for the fiscal years ended June 30, 1977 and June 30, 1978 successfully passed their required Annual Reviews. We believe our current report continues to conform to Certificate of Conformance Program requirements, and we are submitting it to MFOA for a supplemental certificate.
SUPPLEMENTAL Certificate of Conformance in Financial Reporting Presented to City of Ankahein, Californiia For its Annual Financial Report for the Fiscal Year Ended Dune~30 ,1916 A Certificate of Conformance in Financial Reporting is presented by the Municipal Finance Officers Association of the United States and Canada to governmental units whose annual financial reports are judged to substantially conform to the financial reporting principles and standards promulgated by the National Council on Governmental Accounting.
Presidt Sxecutive Director Date )ITOLtch 11~
CALIFORNIA SOCIETY OF MUNICIPAL FINANCE OFFICERS DEDICATED TO THE PROFESSIONAL ADVANCEMENT OF MUNICIPAL FINANCE ADMINISTRATION Certi cate of Award FOR OUTSTANDING FINANCIAL REPORTING PRESENTED TO THE City of .Anaieim
'Director finance george R'Ferrone This certificate is issued in recognition of meeting professional standards and criteria in reporting which reflect system from which a high level of quality in the annual financial statements and in the underlying accounting the reports were prepared for the fiscal year 19 Zt /19 6 .
CERTIFIED AND RECORDED:
Secretary-Treasurer Presiet51
PEOPLE OF ANAHEIM ELECTED POLICYMAYOR MAKERS CITY COUNCIL ADVISORY BOARDS AND COMMISSIONS LIBRARY YOUTH BOARD MMISSION I i COUNCIL APPOINTED OFFICES CITY CLERK ASURER I I I I II I 1 I Ii IFISCAL AUDIT DATA PROCESSING HUMAN RESOURCES FINANCE RISK MAANAGEMN F STAFF FUNCTIONS j IF COMMUSSCHO III PARKSS$RERATON CETON SEOMMU ARD EGLBFOIOURS ADMNRTV GNINERN HAMAAUBCUARDTE GPOMECTAEACE REDM LSOM CH O CENCTTY CLTRCNTRNERK CIYMAA EN TY TORE CNTYR TREASURGENR LINEFUN CTIONS L Y I DEARMET TAEJIGCTE DEPARTMENT DEPARTMENT DEPARTMENT DEATENTRPATMN TECHNICA SERVICESCNTE IF I CENTERNTR ENE PUBLOLOC SERIAIO CENTRALTERCETE
~r ERiCES-)PUCASN CENTERR EPATNCMC MANAGER PUBLISERVICESJM PBCSENTRVICE PARKS STADIUMTINCNT EVENTS O IC UB I JOINT TRAINING(JPA) PATROL STREETS4SANITATION CUSTOMER SERVICES DCOE .PM HOUSING CENTER CENTER CENTER CENTER CENTER CENTER CENTER AUTHORITY PBLCRICES- COMMUNITY RELATIONS GOLFING COMMUNICATIONS CRIMINALINVESTIGATION FACILTY MAINTENANCE ELECTRICALE~"EN NEIGHBORHOOD CENTER CENTER C ENTER CENTER CENTER CENTER CENTER EER CULTURATL ARTS FIRE CONTROL SUPPORT SERVICES E(IJPANTMATENNCE WATER ENGINEERING ECONOMIC CENTER CENTER CENTER CENTER CENTER CEELENT EMERG ENCYI VICE-NARCOTICS- PAR KWY MAINTE NANCE FIELD OPERATIONS MED ICAL AID ORGANIZ ED CRIMECETRENR CENTER CENTER CENTER PLANNING UITYSTEMls C ENTER CENT BS ZONING BUSINESS LICENSE CENTER BUIL DING CENTER
ADMINISTRATIVE PERSONNEL City Manager ........................................................ William 0. Talley Assistant City Manager ................................................... William T. Hopkins Deputy City Manager (Parks, Recreation and Arts Director) ........................ James D. Ruth City Attorney ....................................................... William P. Hopkins City Clerk ........................................................... Linda D. Roberts City Treasurer ....................................................... Glenn E. Stewart Data Processing Director ................................................. Takuji Tamaru Finance Director . .................................................... George P. Ferrone Fire Chief ........................................................... James W. Riley Human Resources Director .............................................. Garry 0. McRae Library Director ...................................................... William G. Griffith Planning Director .................................................. Ronald L. Thompson Police Chief ........................................................ George P. Tielsch Public Works Executive Director ......................................... Thornton E. Piersall Redevelopment Director ................................................ Norman J. Priest Stadium, Convention Center and Golf Courses General Manager ................. Thomas F. Liegler Utilities General Manager Gordon W. Hoyt mm-N.mm m mew m w m
-OP - m Angl won8 the Amleican Lecoagen ineteen-year Angstory. rcod t fAeirst tiegin tea CAmpinsho theIAL SECTION Septmbe nineteen-year history.
FINANCIAL SECTION
nice 660 NEWPORT CENTER DRIVE NEWPORT BEACH, CALIFORNIA 92660 aterhous~e Ca 714-640-9200 November 16, 1979 The Honorable City Council City of Anaheim, California We have examined the general purpose financial statements of the various funds and account groups of the City of Anaheim for the year ended June 30, 1979, listed in the foregoing table of contents. Our examination was made in accordance with generally accepted auditing standards and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances.
As more fully described in Note 2 to the financial statements, effective July 1, 1978 the City of Anaheim changed its method of accounting for encumbrances in the General and Special Revenue Funds and for depreciation on contributions in the Water and Electric Utility Funds.
In our opinion, the financial statements examined by us present fairly the financial position of the City of Anaheim at June 30, 1979, and the results of its operations and the changes in financial position of the proprietary fund types for the year then ended, in conformity with generally accepted accounting principles which, except for the change with which we concur in the method of accounting for depreciation on contributions described above, have been applied on a basis consistent with that of the preceding year after giving retroactive effect to the change, with which we concur, in the method of accounting for encumbrances described above.
The accompanying supplementary information listed in the foregoing table of contents and the columns on the accompanying combined financial statements captioned "Total (memorandum only)"
are not necessary for a fair presentation of the financial statements, but are presented as additional analytical data. The supplementary information has been subjected to the tests and other auditing procedures applied in the examination of the general purpose financial statements listed in the foregoing table of contents and, in our opinion, is fairly stated in all material respects in relation to the general purpose financial statements taken as a whole.
The statistical information listed in the foregoing table of contents was not examined by us and, accordingly, we do not express an opinion thereon.
mmm m- m ns.- in- i7in7
- A view of-the future as the L6s Angeles Rams play in Anaheim Stadium. In July 1978 the Rams anonced -their plans to miove to-Anaheim in 1980.
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CITY OF ANAHEIM COMBINED BALANCE SHEET-ALL FUND TYPES AND ACCOUNT GROUPS JUNE 30, 1979 (In thousands)
Proprietary Fiduciary Total Governmental Fund Types Fund Types Fund Type Account Groups (Memorandum Trust General General only)
Special Debt Capital Internal and Fixed Long-Term 1978 General Revenue Service Projects Enterprise Service Agency Assets Debt 1979 (Restated-Note 2)
ASSETS Cash and investments $ 8,095 $3,148 $434 $8,668 $ 11,599 $ 304 $8,538 $ 40,786 $ 51,013 Accounts receivable, net 1,460 1,556 12 6,758 7 9,793 9,491 Accrued interest receivable 189 43 245 1,033 1,510 643 Due from other funds 709 224 933 1,255 Inventories 1,327 1,327 1,921 Prepaid expenses and other assets (Note 10) 99 2,815 2,914 4,193 Deposits 1,023 217 4 1,244 1,357 Restricted cash and investments (Note 4) 1,419 329 47,073 48,821 11,364 Deferred charges (Note 10) 3,302 3,302 333 Property, plant and equip ment, net (Note 3) 134,644 4,487 $33,329 172,460 159,151 Prepaid electric power (Note 10) 4,838 Amount available for retire ment of general
$ 563 563 327 long-term debt Amount to be provided for retirement of general long-term debt 4,678 4,678 6,245
$12,994 $5,293 $446 $8,913 $208,775 $4,802 $8,538 $33,329 $5,241 $288,331 $252,131 (continued) 4 m am m maminnininm - - M
CITY OF ANAHEIM COMBINED BALANCE SHEET-ALL FUND TYPES AND ACCOUNT GROUPS JUNE 30, 1979 (in thousands)
(continued)
Proprietary Fiduciary Total Governmental Fund Types Fund Types Fund Type Account Groups (Memorandum Trust General General only)
Special Debt Capital Internal and Fixed Long-Term 1978 General Revenue Service Projects Enterprise Service Agency Assets Debt 1979 (Restated-Note 2)
LIABILITIES AND FUND EQUITY Liabilities:
Accounts payable $ 1,890 $ 920 $1,909 $ 12,072 $ 251 $ 17,042 $ 12,131 Notes payable 900 Accrued liabilities (Note 7) 4,625 145 4 2,450 28 7,252 4,166 Deposits (Note 9) 1,688 1,153 2,841 3,365 Due to other governments 33 $8,493 8,526 18,750 Due to other funds 405 528 933 1,255 Deferred compensation payable 1,419 1,419 858 Deferred revenue 63 568 1,334 1,965 2,117 Advances for construction 90 90 Long-term debt (Note 4) 93,097 $5,241 98,338 67,054 Total liabilities 9,718 1,633 3,247 109,267 807 8,493 5,241 138,406 110,596 Fund equity:
Contributed capital 48,127 3,832 51,959 48,874 Investment in general fixed assets $33,329 33,329 30,449 Fund balances transferred (Note 5) 33,909 33,909 33,909 Retained earnings (Note 5):
Reserved 2,990 2,990 2,822 Unreserved 14,482 163 14,645 5,593 Fund balances (Note 5):
Reserved 3,276 1,696 22 4,994 6,268 Unreserved _ 1,964 $446 5,666 23 8,099 13,620 Total fund equity 3,276 3,660 446 5,666 99,508 3,995 45 33,329 149,925 141,535
$12,994 $5,293 $446 $8,913 $208,775 $4,802 $8,538 $33,329 $5,241 $288,331 $252,131 See accompanying Notes to Financial Statements on pages 20 to 28. 5
CITY OF ANAHEIM COMBINED STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCES ALL GOVERNMENTAL FUND TYPES YEAR ENDED JUNE 30,1979 (In thousands)
Total (Memorandum only)
Special Debt Capital 1978 General Revenue Service Projects 1979 (Restated-Note 2)
Revenue:
Property taxes $ 3,734 $1,453 $ 5,187 $ 8,453 Sales and use taxes 15,001 15,001 12,594 Licenses, fees and permits 2,387 $ 544 2,931 3,938 Intergovernmental revenue 5,975 12,054 $ 5,515 23,544 26,286 Charges for services 7,937 34 7,971 4,542 Fines, forfeits and penalties 1,018 1,018 867 Interest and rentals 843 410 279 1,532 1,268 Other 1,058 345 1,403 1,536 37,953 13,387 1,453 5,794 58,587 59,484 Expenditures:
General government 5,514 3,050 8,564 5,671 Nondepartmental 3,659 1,595 5,254 6,357 Public safety 21,028 448 21,476 19,609 Public works 12,510 5,192 10,927 28,629 16,201 Culture and recreation 4,920 1,682 6,602 7,810 Debt service:
Principal retirement 1,045 1,045 1,045 Interest and fiscal charges 161 161 196 47,631 11,967 1,206 10,927 71,731 56,889 (continued) 6 m am-m mmm mm
CITY OF ANAHEIM COMBINED STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCES ALL GOVERNMENTAL FUND TYPES YEAR ENDED JUNE 30,1979 (In thousands)
(continued)
Total (Memorandum only)
Special Debt Capital 1978 General Revenue Service Projects 1979 (Restated-Note 2)
Excess of revenue over (under) expenditures ($9,678) $1,420 $ 247 ($5,133) ($13,144) $ 2,595 Other financing sources (uses):
Operating transfers in 1,140 2,331 3,471 3,732 Operating transfers out (354) (3,372) (3,726) (2,147) 786 (3,372) 2,331 (255) 1,585 Excess of revenue and other sources over (under) expenditures and other uses (8,892) (1,952) 247 (2,802) (13,399) 4,180 Fund balances at beginning of year (Note 2) 5,573 5,612 199 8,468 19,852 10,401 Transfers from other funds 6,595 6,595 5,424 Transfer to General Fund deposits (Note 9)
(153)
Fund balances at end of year $ 3,276 $3,660 $ 446 $ 5,666 $13,048 $19,852 See accompanying Notes to Financial Statements on pages 20 to 28.
7
CITY OF ANAHEIM STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL GENERAL AND SPECIAL REVENUE FUND TYPES YEAR ENDED JUNE 30, 1979 (In thousands)
Total General Fund Special Revenue Funds (Memorandum only)
Variance- Variance- Variance Favorable Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable)
Revenue:
Property taxes $ 4,129 $ 3,734 ($ 395) $ 4,129 $ 3,734 ($ 395) 14,850 15,001 151 14,850 15,001 151 Sales and use taxes Licenses, fees and permits 3,078 2,387 (691) $ 1,045 $ 544 ($ 501) 4,123 2,931 (1,192)
Intergovernmental revenue 5,024 5,975 951 14,563 12,054 (2,509) 19,587 18,029 (1,558) 7,937 580 8 34 26 7,365 7,971 606 Charges for services 7,357 188 Fines, forfeits and penalties 830 1,018 188 830 1,018 Interest and rentals 821 843 22 242 410 168 1,063 1,253 190 Other 1,737 1,058 (679) 1,275 345 (930) 3,012 1,403 (1,609) 37,826 37,953 127 17,133 13,387 (3,746) 54,959 51,340 (3,619)
Expenditures:
General government 6,542 5,514 1,028 4,555 3,050 1,505 11,097 8,564 2,533 2,457 3,659 (1,202) 3,542 1,595 1,947 5,999 5,254 745 Nondepartmental Public safety 22,091 21,028 1,063 532 448 84 22,623 21,476 1,147 Public works 12,289 12,510 (221) 7,778 5,192 2,586 20,067 17,702 2,365 Culture and recreation 5,476 4,920 556 2,488 1,682 806 7,964 6,602 1,362 48,855 47,631 1,224 18,895 11,967 6,928 67,750 59,598 8,152 (continued) 8 m-m e -m m Usm Us m a - m
CITY OF ANAHEIM STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL GENERAL AND SPECIAL REVENUE FUND TYPES YEAR ENDED JUNE 30, 1979 (In thousands)
(continued)
Total General Fund Special Revenue Funds (Memorandum only)
Variance- Variance- Variance Favorable Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable)
Excess of revenue over (under) expenditures ($11,029) ($9,678) $1,351 ($1,762) $ 1,420 $3,182 ($12,791) ($ 8,258) $4,533 Other financing sources (uses):
Operating transfers in 1,398 1,140 (258) 1,398 Operating transfers out 1,140 (258)
(412) (354) 58 (3,682) (3,372) 310 (4,094) (3,726) 368 986 786 (200) (3,682) (3,372) 310 (2,696) (2,586) 110 Excess of revenue and other sources over (under) ex penditures and other uses (10,043) (8,892) 1,151 (5,444) (1,952) 3,492 (15,487) (10,844) 4,643 Fund balances at beginning of year 5,573 5,573 5,612 5,612 11,185 11,185 Transfers from other funds 6,401 6,595 194 6,401 6,595 194 Fund balances at end of year $ 1,931 $ 3,276 $1,345 $ 168 $ 3,660 $3,492 $ 2,099 $ 6,936 $4,837 See accompanying Notes to Financial Statements on pages 20 to 28.
9
CITY OF ANAHEIM COMBINED STATEMENT OF REVENUE, EXPENSES AND CHANGES IN RETAINED EARNINGS/FUND BALANCE ALL PROPRIETARY FUND TYPES AND SIMILAR TRUST FUND YEAR ENDED JUNE 30, 1979 (In thousands)
Proprietary Fiduciary Fund Types Fund Type Total Internal Museum and (Memorandum only)
Enterprise Service Library 1979 1978 Operating revenue:
Charges for services $84,754 $4,549 $89,303 $80,822 Other 1,642 56 $12 1,710 1,586 86,396 4,605 12 91,013 82,408 Operating expenses:
Cost of water/purchased power 62,492 62,492 54,319 Maintenance, operations and administration (Note 8) 14,473 3,743 6 18,222 16,780 Depreciation and amortization 3,106 718 3,824 4,193 94 94 19 Other 80,165 4,461 6 84,632 75,311 Income from operations 6,231 144 6 6,381 7,097 Nonoperating revenue (expenses):
Interest revenue 2,662 2 2,664 1,018 Transient occupancy tax (Note 11) 4,193 4,193 3,355 Interest expense (2,459) (50) (2,509) (2,538)
Visitor and Convention Bureau expense (Note 11) (571) (571) (511)
Gain on sale of property 1,636 3,825 (50) 2 3,777 2,960 (continued) 10
.... mm mmmmm m-m em m
CITY OF ANAHEIM COMBINED STATEMENT OF REVENUE, EXPENSES AND CHANGES IN RETAINED EARNINGS/FUND BALANCE ALL PROPRIETARY FUND TYPES AND SIMILAR TRUST FUND YEAR ENDED JUNE 30, 1979 (In thousands)
Proprietary Fiduciary Fund Types Fund Type Total Internal Museum and (Memorandum only)
Enterprise Service Library 1979 1978 Income before operating transfers and extraordinary item $10,056 $ 94 $ 8 $10,158 $10,057 Operating transfers in (out) (29) 283 254 Net income before extraordinary item 10,027 377 8 10,412 10,057 Extraordinary gain on refunding of long-term debt (Note 4) 5,057 5,057 Net income 15,084 377 8 15,469 10,057 Retained earnings (deficit)/fund balance at beginning of year 9,146 (214) 37 8,969 5,991 Depreciation on contributions (Note 2) 602 Transfers to other funds (6,758) (6,758) (7,681)
Retained earnings/fund balance at end of year $17,472 $ 163 $45 $17,680 $ 8,969 See accompanying Notes to Financial Statements on pages 20 to 28.
CITY OF ANAHEIM COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION ALL PROPRIETARY FUND TYPES AND SIMILAR TRUST FUND YEAR ENDED JUNE 30, 1979 (In thousands)
Proprietary Fiduciary Fund Types Fund Type Total Internal Museum and (Memorandum only)
Enterprise Service Library 1979 1978 Financial resources were provided by:
Operations Net income before extraordinary item $10,027 $ 377 $ 8 $10,412 $10,781 Items not requiring (providing) working capital:
Depreciation 2,804 718 3,522 3,473 Amortization of bond issue costs 47 47 11 Amortization of deferred charges 302 302 118 Gain on sale of land and equipment (1,637)
Working capital provided by operations exclusive of extraordinary item 13,180 1,095 8 14,283 12,746 Extraordinary item-bond refunding (Note 4)
Issuance of 1978 refunding bonds 11,785 11,785 Bond discount and issue costs (448) (448) 1964 bonds refunded (17,200) (17,200)
Extraordinary gain 5,057 5,057 Working capital used for bond refunding (806) (806)
Proceeds from sale of land 1,967 Decrease in restricted cash and investments 69 69 192 Decrease in deferred charges 122 122 1,109 Disposal of plant and equipment 4,412 Decrease in long-term portion of prepaid electric power 4,838 4,838 Increase in advances for construction 90 90 Increase in long-term debt 43,000 43,000 Contributions in aid of construction 4,187 4,187 3,099 Other contributions 209 209 4,117 64,889 1,095 8 65,992 27,642 (continued) 12 mmmmmm-e mm m m -
CITY OF ANAHEIM COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION ALL PROPRIETARY FUND TYPES AND SIMILAR TRUST FUND YEAR ENDED JUNE 30, 1979 (In thousands)
(continued)
Proprietary Fiduciary Fund Types Fund Type Total Internal Museum and (Memorandum only)
Enterprise Service Library 1979 1978 Financial resources were used for:
Increase in restricted cash and investments $36,004 $36,004 $ 747 Increase in deferred charges 406 406 Additions to property, plant and equipment 16,440 $ 864 17,304 11,528 Decrease in deferred revenue 20 Decrease in long-term debt and contributions 5,576 200 5,776 5,372 Transfers to other funds 6,758 6,758 8,012 Other 92 92 3 65,276 1,064 _ 66,340 25,682 Increase (decrease) in working capital ($ 387) $ 31 $ 8 ($ 348) $ 1,960 Increase (decrease) in working capital by components: $_8 Cash and investments $ 4,632 ($ 56) $8 $ 4,584 ($ 1,374)
Accounts receivable 542 7 549 Accrued interest receivable 1,729 938 938 10 Due from other funds (313) (313)
Inventories 319 (594) (594) 322 Deposits (3) (3) 3 Prepaid expenses (1,337) (1,337)
Accounts payable 780 (2,911) 71 (2,840) 332 Accrued liabilities (269) 2 (267)
Current portion of long-term debt 525 (606) (606) (267)
Accrued interest payable (988) (988)
Due to other funds 45 (21) 10 (11) (702)
Deposits 540 540 238 Increase (decrease) in working capital ($ 387) $ 31 $ 8 ($ 348) $ 1,960 See accompanying Notes to Financial Statements on pages 20 to 28.
13
CITY OF ANAHEIM COMBINING BALANCE SHEET ALL ENTERPRISE FUNDS JUNE 30, 1979 (in thousands)
Anaheim Anaheim Municipal Hills Electric Golf Golf Convention Total Water Utility Utility Course Course Stadium Center 1979 1978 ASSETS Current assets:
Cash and investments $ 1,762 $ 7,894 $ 2 $ 86 $ 164 $ 1,691 $ 11,599 $ 6,967 Accounts receivable, net of allowance for doubtful accounts of $380 in 1979 1,155 4,425 17 10 883 268 6,758 6,216 and $337 in 1978 Accrued interest receivable 186 700 147 1,033 95 Due from other funds 59 94 45 26 224 537 Inventories 457 870 1,327 1,921 Prepaid expenses (Note 10) 3 2,457 1 3 307 44 2,815 4,152 Total current assets 3,377 15,832 79 193 2,099 2,176 23,756 19,888 Restricted cash and investments (Note 4) 981 4,724 213 34,613 6,542 47,073 11,138 Deferred charges (Note 10) 2,484 731 87 3,302 2,919 Property, plant and equipment (Note 3):
Land 1,423 1,370 3,434 4,295 10,553 21,075 13,654 Buildings, structures and improvements 179 290 18,575 18,900 37,944 40,432 Utility plant 54,084 49,997 104,081 96,612 Machinery and equipment 27 100 475 1,173 1,775 1,757 Construction work in progress 1,667 1,890 _ 3 1,549 501 5,610 1,756 57,174 51,887 1,576 3,827 24,894 31,127 170,485 154,211 Less accumulated depreciation (11,584) (14,785) (270) (445) (4,255) (4,502) (35,841) (32,701) 45,590 37,102 1,306 3,382 20,639 26,625 134,644 121,510 Net property, plant and equipment 4,838 Prepaid electric power (Note 10)
$49,948 $60,142 $1,385 $3,788 $58,082 $35,430 $208,775 $160,293 (continued) 14 mmamm mmm mgilim - m m Mm m A
-- m - - - -rnr- meammmam rmm - amm amrm -m -m CITY OF ANAHEIM COMBINING BALANCE SHEET ALL ENTERPRISE FUNDS JUNE 30, 1979 (In thousands)
(continued)
Anaheim Anaheim Municipal Hills Water Electric Golf Golf Convention Total Utility Utility Course Course Stadium Center 1979 1978 LIABILITIES AND FUND EQUITY Current liabilities (payable from current assets):
Accounts payable $ 1,260 $10,284 $ 12 $ 12 $ 428 76
$ $ 12,072 $ 9,161 Accrued liabilities 409 46 4 5 83 52 Current portion of long-term debt 599 330 3,700 141 3,841 3,664 Due to other funds 211 194 405 384 Deposits 577 392 2 4 178 1,153 1,693 Total current liabilities (payable from current assets) 2,246 14,422 18 232 705 447 18,070 15,232 Current liabilities (payable from restricted assets):
Accrued interest payable 31 248 36 965 571 Current portion of long-term debt 1,851 863 130 300 71 360 695 1,556 1,602 Total current liabilities (payable from restricted assets) 161 548 . 107 1,325 1,266 3,407 2,465 Total current liabilities 2,407 14,970 18 339 2,030 1,713 Advances for construction 21,477 17,697 90 90 Long-term debt, less current portion (Note 4) 1,155 14,100 1,130 44,245 27,070 87,700 55,216 Total liabilities 3,652 29,070 18 1,469 46,275 28,783 109,267 72,913 Fund equity:
Contributed capital 31,677 1,598 438 4,086 9,306 1,022 48,127 44,325 Fund balances transferred (Note 5) 19,280 14,629 Retained earnings (deficit) (Note 5): 33,909 33,909 Reserved 762 1,828 211 189 2,990 2,822 Unreserved )5,42 13,017 929 (1,978) 2,501 5,436 14,482 6,324 Total retained earnings (deficit) (4,661) 14,845 929 (1,767) 2,501 5,625 17,472 9,146 Total fund equity 46,296 31,072 1,367 2,319 11,807 6,647 99,508 87,380
$49,948 $60,142 $1,385 $3,788 $58,082 $35,430 $208,775 $160,293 See accompanying Notes to Financial Statements on pages 20 to 28.
15
CITY OF ANAHEIM COMBINING STATEMENT OF REVENUE, EXPENSES AND CHANGES IN RETAINED EARNINGS (DEFICIT)
ALL ENTERPRISE FUNDS YEAR ENDED JUNE 30, 1979 (In thousands)
Anaheim Anaheim Municipal Hills Electric Golf Golf Convention Total Water Utility Utility Course Course Stadium Center 1979 1978 Operating revenue:
Sales of water/light and power $7,389 $70,842 $78,231 $70,712 Facilities rental $1,708 $2,368 4,076 3,464 Green fees and cart rentals $563 $ 428 991 923 Concession fees 1,020 436 1,456 1,079 Other 104 331 19 66 222 900 1,642 1,486 7,493 71,173 582 494 2,950 3,704 86,396 77,664 Operating expenses:
Cost of water/purchased power 3,294 59,198 62,492 54,319 Maintenance, operations and administration (Note 8) 2,839 5,693 523 638 1,635 3,145 14,473 12,346 292 1,358 30 46 546 532 2,804 3,471 Depreciation Amortization of deferred charges 302 302 118 (Note 10) 94 19 Other 65 29 6,425 66,551 618 713 2,181 3,677 80,165 70,273 Income (loss) from operations 1,068 4,622 (36) (219) 769 27 6,231 7,391 (continued) 16 mm m-m mm m m am ilm lm l~i i B -MI -
M m
CITY OF ANAHEIM COMBINING STATEMENT OF REVENUE, EXPENSES AND CHANGES IN RETAINED EARNINGS (DEFICIT)
ALL ENTERPRISE FUNDS YEAR ENDED JUNE 30, 1979 (In thousands)
(continued)
Anaheim Anaheim Municipal Hills Water Electric Golf Golf Convention Total Utility Utility Course Course Stadium Center 1979 1978 Nonoperating revenue (expenses):
Interest revenue $ 221 $ 869 $1,064 $ 508 $ 2,662 $ 1,015 Transient occupancy tax (Note 11) 4,193 4,193 3,355 Interest expense (63) (692) ($ 73) (786) (845) (2,459) (2,468)
Visitor and Convention Bureau expense (Note 11) (571) (571) (511)
Gain on sale of property 1,636 158 177 (73) 278 3,285 3,825 3,027 Operating transfers out (29) (29)
Net income (loss) before extraordinary item 1,197 4,799 ($ 36) (292) 1,047 3,312 10,027 10,418 Extraordinary gain on refunding of long term debt (Note 4) 5,057 5,057 Net income (loss) 1,197 4,799 (36) (292) 6,104 3,312 15,084 10,418 Retained earnings (deficit) at beginning of year (5,474) 13,670 965 (1,475) (3,409) 4,869 9,146 5,284 Depreciation on contributions (Note 2) 602 Transfers to other funds (384) (3,624) (194) (2,556) (6,758) (7,158)
Retained earnings (deficit) at end of year ($4,661) $14,845 $929 ($1,767) $2,501 $5,625 $17,472 $ 9,146 See accompanying Notes to Financial Statements on pages 20 to 28.
17
CITY OF ANAHEIM COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION ALL ENTERPRISE FUNDS YEAR ENDED JUNE 30, 1979 (In thousands)
Anaheim Anaheim Municipal Hills Electric Golf Golf Convention Total Water Utility Utility Course Course Stadium Center 1979 1978 Financial resources were provided by:
Operations Net income (loss) before extraordinary item $1,197 $ 4,799 ($ 36) ($292) $ 1,047 $ 3,312 $10,027 $11,142 Items not requiring (providing) working capital:
292 1,358 30 46 546 532 2,804 2,869 Depreciation 1 47 11 Amortization of bond issue costs 11 35 Amortization of deferred charges 302 302 118 (1,636)
Gain on sale of land Working capital provided (used) by operations exclusive of extraordinary item 1,489 6,470 (6) (246) 1,628 3,845 13,180 12,504 Extraordinary item-bond refunding (Note 4)
Issuance of 1978 refunding bonds 11,785 11,785 Bond discount and issue costs (448) (448) 1964 bonds refunded (17,200) (17,200) 5,057 5,057 Extraordinary gain Working capital used for bond refunding (806) (806)
Proceeds from sale of land 1,967 Decrease in restricted cash and 192 investments 69 69 Decrease in deferred charges 122 122 Disposal of land and equipment 977 Decrease in long-term portion of prepaid electric power 4,838 4,838 4,412 Increase in advances for construction 90 90 Increase in long-term debt 33,000 10,000 43,000 Contributions from other funds 42 167 209 1,021 2,643 1,544 4,187 3,099 Contributions in aid of construction 4,222 12,974 36 (10) 33,822 13,845 64,889 24,172 18 (continued)
....- .m m m -ammmmam mmmm mM
CITY OF ANAHEIM COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION ALL ENTERPRISE FUNDS YEAR ENDED JUNE 30, 1979 (In thousands)
(continued)
Anaheim Anaheim Municipal Hills Water Electric Golf Golf Convention Total Utility Utility Course Course Stadium Center 1979 1978 Financial resources were used for:
Increase in restricted cash and investments $ 211 $ 203 $31,213 $ 4,377 $36,004 $ 747 Increase in deferred charges 318 88 406 Additions to property, plant and equipment 3,323 5,665 $175 $ 31 1,562 5,684 16,440 7,608 Decrease in long-term debt 130 4,000 70 540 836 5,576 5,265 Transfers to other funds 384 3,624 194 2,556 6,758 8,006 Other 8 84 92 3 4,056 13,576 175 101 33,827 13,541 65,276 21,629 Increase (decrease) in working capital $ 166 ($ 602) ($139) ($111) ($ 5) $ 304 ($ 387) $ 2,543 Increase (decrease) in working capital by components:
Cash and investments $ 541 $ 3,773 ($177) ($ 84) $ 164 $ 415 $ 4,632 ($ 1,630)
Accounts receivable 446 (83) 4 5 85 85 542 1,735 Accrued interest receivable 186 667 85 938 10 Due from other funds (83) (220) (16) (29) 12 23 (313) 319 Inventories 15 (609) (594) 322 Prepaid expenses (72) (1,428) (2) (1) 181 (15) (1,337) 780 Accounts payable (737) (2,075) 53 3 (118) (37) (2,911) 628 Accrued liabilities (262) 35 (19) (23) (269) 527 Current portion of long-term debt (10) (200) (4) (360) (32) (606) (267)
Accrued interest payable 3 25 2 (794) (224) (988)
Due to other funds 45 (21) (21) (164)
Deposits 325 (6) (1) (3) 198 27 540 238 Increase (decrease) in working capital $ 166 ($ 602) ($139) ($111) ($ 5) $ 304 ($ 387) $ 2,543 See accompanying Notes to Financial Statements on pages 20 to 28.
19
CITY OF ANAHEIM NOTES TO FINANCIAL STATEMENTS NOTE 1-DESCRIPTION OF FUNDS AND
SUMMARY
OF organizations and other governmental units. These include non SIGNIFICANT ACCOUNTING POLICIES: expendable trust funds and agency funds.
DESCRIPTION OF FUNDS Account groups Governmental fund types General Fixed Assets-The General Fixed Assets account group is used to maintain control and cost information on capital assets owned by General Fund-The General Fund is used to account for all financial the City, other than those of the proprietary funds.
resources except those required to be accounted for in another fund.
General Long-Term Debt-The General Long-Term Debt account Special Revenue funds-Special Revenue funds are used to account group is used to account for unmatured general long-term indebtedness of for the proceeds of specific revenue sources that are restricted by law or the City.
administrative action to expenditure for specified purposes.
Debt Service Fund-The Debt Service Fund is used to account for the accumulation of resources for, and the payment of, interest and principal
SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES on general long-term debt.
Capital Projects funds-The Capital Projects funds are used to account for financial resources to be used for the acquisition or construction of The accrual basis of accounting is used for budgeting and accounting major capital facilities. for all funds except the governmental fund types which use the modified accrual basis of accounting. Modifications in such method from the accrual Proprietary fund types basis are as follows:
Enterprise funds-Enterprise funds are used to account for operations A. Revenue is recorded in cash, except for revenue susceptible to where it is the stated intent that costsuof providing that service to the accrual, revenue of a material amount that is not received at its general public on a continuing basis be financed or recovered primarily normal time of receipt and revenue received prior to its period of foraliunmbursemeeovrnenanfndtyeswhcaueshemoife through user charges. benefit. Revenue considered susceptible to accrual includes: prop eesare ea otr ieene Internal Service funds-internal Service funds are used to account for financing of goods and services provided by one department to other B. Disbursements for the purchase of capital assets providing future departments of the City and to other governmental units, on a cost- benefits are considered expenditures and are accounted for in the accrulGeneral Fixed Assets account group. Appropriations for capital fund types b rects are carried forward until such time as the project is com piroeary Fiducirpri fundtsEntepleted or terminated.
- eib- Trust seen basis.funds-Trust and Agency funds are used to account and Agency C. Interest on general long-term indebtedness is not accrued but is for assets held by the City as a trustee or agent for individuals, private recorded as an expenditure on its due date.
20
Cash and investments Depreciation on assets acquired from contributions in aid of construc tion is not reflected in net income of the Enterprise funds (see Note 2).
The City pools idle cash from all funds for the purpose of increasing income through investment activities. Investments are carried at cost, Revenue recognition for Utility funds which approximates market value. Interest income on investments is allocated on the basis of average daily cash and investment balances in Revenue is recorded as billed to customers on a cycle basis. Residen the General Fund, Special Revenue funds, Capital Projects funds, Water tial customers are billed bi-monthly and commercial customers monthly.
Utility Fund, Electric Utility Fund, Stadium Fund, Convention Center Fund, and Trust and Agency funds. Pension plan Interest income on investments has not been credited to the Anaheim All full-time City employees are members of the State of California Hills Golf Course Fund or the Data Processing Fund because the General Public Employees' Retirement System. The City's policy is to fund all Fund has contributed funds for their operations and capital. Property taxes pension cost accrued; such costs to be funded are determined annually as are adequate to meet debt service requirements; accordingly, interest of July 1 by the System's actuary.
income on investments has not been credited to the Debt Service Fund.
Interest income and accrued interest receivable in the Convention Center Vacation and sick leave and Stadium funds are primarily attributable to restricted investments.
The City does not accrue accumulated vacation or sick leave, but rather Inventories expenses these costs as paid. It is the policy of the City to pay all accrued vacation pay when an employee retires or is terminated and one-fourth of Inventories, as determined by perpetual records, are stated at average the accrued sick leave when an employee retires. At June 30, 1979, cost. Physical counts of inventory are taken on a cyclical basis. accumulated unused vacation and sick leave did not exceed a normal year's accumulation.
Property, plant and equipment Budgetary control and encumbrances Property, plant and equipment are recorded at cost, or in the case of gifts, at fair value at the date of the gift, except that assets acquired prior to Pensin p21 The City adopts an annual budget and utilizes an encumbrance system July 1, 1977, are recorded at appraised historical cost. as a management control technique to assist in controlling expenditures and enforcing revenue provisions. Under this procedure, encumbrances of The General Fixed Assets account group does not include infrastructure the General and Special Revenue funds representing purchase orders, fixed assets-roads, bridges, curbs and gutters, streets and sidewalks, contracts and other commitments, are reported as reservations of fund drainage systems, etc. No depreciation is provided on general fixed balances at year-end.
assets.
NOTE 2-ACCOUNTING AND CLASSIFICATION CHANGES:
Depreciation on property, plant and equipment in the Enterprise and Internal Service funds is provided on the straight-line method over the Statement 1 following estimated useful lives:
In March, 1979, the National Council on Governmental Accounting Buildings and structures 10 to 85 years issued Statement 1, "Governmental Accounting and Financial Reporting Improvements other than buildings 10 to 99 years Principles," which restates the principles of governmental accounting as Transmissionincorporated ing," published in by the National Committee "Governmental Accounting,onAuditing and Financial Governmental Reportin Accounting Machinery and equipment 3 to 50 years 1968. au
Statement 1 (cont.) FERC guidelines. For comparative purposes, prior year balances have been reclassified to conform to the 1978-79 presentation.
Statement 1 provides that encumbrances not be reported as expendi tures in the operating statements of governmental fund types, but rather as reservations of fund balance. Financial statements for the year ended June 30, 1978 have been restated to reflect this change, resulting in an increase in July 1, 1977 fund balances of the General and Special Utility plant Revenue funds of $464,000 and $2,436,000 respectively, and an increase (decrease) in the excess of revenues over expenditures for 1977-78 of Utility plant assets at June 30, 1979 consist of the following:
$500,000 and ($2,065,000), respectively. Water Electric In accordance with the Statement 1 provision to limit the number of Utility Utility funds, the City's deferred compensation plan, previously reported as an Fund Fund agency fund, has been combined with the General Fund. Assets and Source of water supply $ 3,950,000 liabilities of the General Fund at June 30, 1978 have been increased by Pumping plant 1,479,000
$858,000 to conform to the 1978-79 presentation. There was no effect on Transmission and distribution plant 48,167,000 $48,289,000 fund balance. General 488,000 1,708,000 For the year ended June 30, 1979, certain other account classifications have been changed to reflect recommendations set forth in Statement 1.
For comparative purposes, prior year balances have been reclassified to Internal Service funds conform to the 1978-79 presentation.
m - - ualns m-o copraiepupseporya -aacsnv Utility industry guidelines Fixed assets of Internal Service funds at June 30, 1979 consist of the following:
As of July 1, 1978, the City elected to report its Water and Electric Utility Structural improvements $ 25,000 funds under California Public Utilities Commission (PUC) and Federal Energy Regulatory Commission (FERC) industry accounting guidelines, respectively. In accordance with the guidelines, depreciation on assets 6,568,000 acquired from contributions in aid of construction is not reflected in net Less accumulated depreciation (2,081,000) income but rather is transferred directly to the related contributions ac- $ 4,487,000 count. The effect of this change in the method of accounting for deprecia tion was to increase Water Utility Fund net income for the year ended June 30, 1979 by $656,000. For the year ended June 30, 1978, the net loss of General fixed assets the Water Utility Fund was $156,000. Had this method of accounting been followed in 1977-78, net income of the Water Utility Fund would have been General fixed assets at June 30, 1979 consist of the following:
$446,000 and for the total of all Enterprise funds $11,020,000. As a result of this change there was no cumulative effect on the retained deficit of the Land $10,565,000 Water Utility Fund as of July 1, 1978, nor on net income and retained Buildings 7,439,000 earnings of the Electric Utility Fund. Improvements other than buildings 11,871,000 For the year ended June 30, 1979, certain other account classifications Equipment 3,454,000 have been changed to reflect recommendations set forth in the PUC and $33,329,000 22
Activity in the General Fixed Assets account group for the year ended Bonds June 30, 1979 is as follows: outstanding 1960 Municipal Improvements Series C, 3.25%
Balance at July 1, 1978 $30,449,000 and 3.3% issued in 1961 in the amount of Additions 3,329,000 $1,400,000, maturing to 1982 in annual principal Retirements (449,000) installments of $115,000, total debt service of Balance at June 30, 1979 $33,329,000 $367,770 to maturity $ 345,000 Capitalized leases 1961 Park Acquisition and Improvement, 1% to 3.6% issued in 1962 in the amount of $2,215,000, Machinery and equipment included in the Convention Center and Data oft$0,00 tot al ric of $13,920to Processing funds include $416,000 and $1,226,000, respectively, repre- m r 140,000 senting capitalized equipment leases. The amounts included in property, plant and equipment for the Stadium and Convention Center funds include
$18,259,000 and $16,834,000, respectively, representing capitalized facil- 1% and 3.2% issued in 1963 in the amount of ity leases. ity lases.$6,600,000, maturing to 1984 in annual principal installments of $330,000, total debt service of
$1,806,090 to maturity 1,650,.000 1963 Municipal Improvements Series B, 3.75%
and 3.9% issued in 1963 in the amount of NOTE 4-LONG TERM NOTE4-LOG DBT:$2,300,000, DEBT: TRM maturing to 1987 in annual principal Geneal ondsinstallments General obligation bonds$1,080,930 oligaion of $115,000, total debt service of to maturity 920,000 General obligation bonds payable are all serial bonds to be retired $ 3,895,000 through the fiscal year 1987. At June 30, 1979 these bonds consisted of the following:
Bonds 1960 Municipal Improvements Series A, 3.6% outstanding Capitalized equipment leases issued in 1960 in the amount of $6,600,000, The City has entered into noicancellable long-term leases as lessee for maturing to 1981 in annual principal installments financing the purchase of certain equipment utilized in the Data Process of $330,000, total debt service of $683,760 to ing Fund and the Convention Center Fund. Such leases qualify as capital maturity $ 660,000 leases for accounting purposes and therefore were recorded at the 1960 Municipal Improvements Series B, 1% and present value of the future minimum lease payments at the date of inception of the lease. The liability for the equipment carried in the Data 3.6% issued in 1960 in the amount of $1,785,000, Processing Fund is reflected in the General Long-Term Debt account maturing to 1981 in annual principal installments group because it represents a general obligation of the City; however, the of $90,000, total debt service of $185,040 to lease obligation is being satisfied by the Data Processing Fund. Future maturity 180,000 minimum lease payments under these capital leases are as follows:
23
Capitalized Equipment Leases (cont.) been made. The contract provides for semiannual payments on July 1 and January 1 of $105,349, including interest at 6% through January 1, 1991.
General Convention In fiscal year 1976, 7 acres of the land were transferred to the General Long-Term Center Fixed Assets account group to be used as a parksite. The debt transferred, Fiscal year Debt Fund $682,525, was equivalent to the land cost. The semiannual debt service 1980 $ 249,000 $ 64,000 requirement of $34,463 for the principal and interest on this portion of the 1981 249,000 64,000 land purchase contract is being provided by appropriations in the General 1982 236,000 53,000 Fund. The remaining semiannual debt service requirement of $70,886 is 734,000being provided from golf course revenues in the Anaheim Hills Golf itret 734,00 181,000esnin Course Fund where the debt service reserve account is also maintained.
Less amount representing interest, 6.75% and 5% 88,000 15,000 Revenue bonds-Water Utility Fund Present value of future minimum lease payments $ 646,000 $ 166,000 The Water Utility Fund is indebted under one revenue bond issue as follows:
Land purchase contracts payable Bonds outstanding The City has entered into three land purchase contracts which provide Water Revenue Series 1971 Bonds, 4.9861%,
for the pledge of revenues from specific sources for the debt service issued July 1,1971 in the amount of $2,000,000 requirements of the respective obligations, as follows: maturing serially to 1987 in annual principal in stallments of $130,000 to $195,000, total debt Parksites and Playground Fund-Revenues from certain parksite fees service of $1,559,542 to maturity $ 1,285,000 are restricted for the payment of two contracts through September 15, Less current portion 130,000 1980. $ 1,155,000
$682,525,wsmequivalen toth ladcs.Tesmana deb mev The debt is included in the General Long-Term Debt account group. The remaining annual debt service requirements include principal amounts of In accordance with the revenue bond resolution, a reserve for renewal
$56,740 and $60,143 plus interest at 6% for fiscal years 1980 and 1981, and replacements equal to a maximum of 1% of the net book value of the respectively. utility plant is to be accumulated and maintained. Restricted cash and investments includes reserved amounts, as well as undisbursed bond Convention Center Fund-Revenues from a ground lease are pledged proceeds, as follows:
for the three remaining annual principal payments of $85,000 plus interest at 4V2% per annum through fiscal year 1982. The City is required to restrict Held by fiscal agent $346,000 cash and investments equal to two annual principal payments so long as Other:
any amounts are outstanding on this contract. Renewal and replacements reserve 562,000 Golf Course Fund-The land purchase contract is secured by a first lien on all income of both the Anaheim Municipal and Anaheim Hills Golf Courses and imposes certain requirements including establishment of a reserve account equal to one year's principal and interest payment. Revenue bonds-Electric Utility Fund Furthermore, the courses must be maintained on a par with other local municipal golf courses and no cash can be transferred out of the golf The Electric Utility Fund is indebted under three revenue bond issues as course funds until debt service and operating expense payments have follows:
Fixd e a t gu to be u
Bonds Held by fiscal agent $ 1,100,000 outstanding Other:
Electric Revenue Bonds, Issue of 1972, Bond payments reserve 1,086,000 4.9263%, issued March 28, 1972 in the amount of Renewal and replacements reserve 742,000
$8,000,000, maturing serially to July 1, 1992 in Restricted bond proceeds 1,796,000 annual principal installments of $300,000 to $_ 4,724,000
$675,000, total debt service of $8,914,000 to maturity $ 6,525,000 Electric Revenue Bonds, Issue of 1976, 6.07%, Capitalized facility leases payable issued April 27, 1976 in the amount of $6,000,000 maturing serially to May 1, 2006, in annual princi- The City has entered into noncancellable long-term leases with a pal installments of $100,000 to $400,000, total nonprofit corporation (City of Anaheim [California] Stadium, Inc.) and a debt service of $11,939,975 to maturity 5,750,000 joint powers authority (Community Center Authority) for financing the acquisition of Anaheim Stadium and the Anaheim Convention Center, Electric Revenue Bonds, Second Issue (Subordi- respectively. These leases provide for semiannual payments in amounts nated) of 1976, 4.8259%, issued June 8, 1976 in sufficient to meet the annual debt service requirements on the revenue the amount of $12,500,000, maturing serially to bonds issued by the nonprofit corporation and the joint powers authority.
December 1, 1980 with remaining principal in- Since the leases are financing arrangements which transfer the ownership stallments of $3,600,000 and $2,225,000 in fiscal of the facilities to the City at the end of the respective lease terms, and years 1980 and 1981, total debt service of since the sole activity of the nonprofit corporation and the joint powers
$6,119,038 to maturity 5,825,000 authority is providing financing for the City, the City has recorded the 18,100,000 facility lease obligations and the related assets in the appropriate funds in Less current portion 4,000,000amounts equivalent to the related revenue bonds payable and the cost of
$14,100,000 Further, the facilities.and
$14,10,000corporation any assets the joint held by the fiscal agents for the $nonprofit 4,725 powers authority remaining after the revenue bonds have been repaid will be conveyed to the City. Accordingly, amounts held by the fiscal agents are included in the financial statements of the respective funds as being available for the payment of the long-term In accordance with the 1972 bond resolution, a reserve for maximum debt.
annual debt service has been established and a reserve for renewal and replacements is being accumulated to a maximum of 2% of the book value On August 31,1978, City of Anaheim (California) Stadium, Inc., the of the utility plant. nonprofit corporation from which the City leases Anaheim Stadium, issued bonds in the principal amount of $24,950,000 for the purpose of refunding The three bond issues require the establishment of a bond payment the bonds issued in 1964 to build Anaheim Stadium. Certain of the reserve by accumulating monthly, one-sixth of the interest which will proceeds were placed in an escrow account and invested in government become due and payable on the outstanding bonds within the next securities. The principal and interest on such investments will be sufficient ensuing six months and one-twelfth of the principal amount which will to refund the 1964 bonds and $13,165,000 of the principal and related mature and be payable on the outstanding bonds within the next twelve interest of the new bond issue. Accordingly, the principal remaining to be months (six months for the $12,500,000 issue). repaid through fiscal year 2001 is $11,785,000 at coupon rates ranging from 5% to 7%. The refunding of the 1964 bonds resulted in an extraordi Restricted cash and investments include reserved amounts as well as nary gain of $5,057,000 as reflected in the financial statements of the undisbursed bond proceeds as follows: Stadium Fund.1
Capitalized Facility Leases Payable (cont.) Less amount representing interest, 7.125% and 5.75% 68,170,000 22,248,500 Also, on August 31, 1978, the lease between the City and the nonprofit Present value of future minimum lease payments $44,605,000 $27,485,000 corporation was amended to adjust the lease payments required to be made by the City to approximate the debt service requirements of the new bond issue. As a result, the required lease payments were reduced, in total Cash and investments in the Stadium and Convention Center funds over the lease term, by $3,618,000. held by the fiscal agents at June 30, 1979 were $34,613,000 and
$6,353,000 respectively. The fiscal agents are required by the respective one resolutions to restrict cash and investments in the amount of Onbond
$33,000,000 in 1979 Series A Lease Rental Bonds for the purpose of outain expanding Anaheim Stadium to accommodate National Football League games of the Los Angeles Rams Football Company and other events. The The City Council and Community Center Authority also authorized the bonds mature through the year 2015 and bear interest at rates ranging issuance of Community Center Authority Series D Revenue Bonds in an from 6.7% to 8.5%. Also, on March 1, 1979 the lease between the City and amount not to exceed $20,000,000, to be used to finance acquisition, the nonprofit corporation was amended to adjust the lease payment construction and other costs associated with the Center expansion.
schedule to incorporate the new debt issue. As a result, the required lease payments were increased, in total over the lease term, by $91,171,000. NOTE 5-FUND EQUITY:
On April 12, 1979, the Community Center Authority issued $10,000,000 Amounts reserved at June 30, 1979 are as follows:
in Series C Revenue Bonds, for the purpose of acquiring land and financing other initial costs relating to future planned Convention Center General Fund:
expansion. The bonds mature serially through the year 2011 and bear interest at rates ranging from 7.0% to 8.0%. Also, on April 12, 1979, the' Reserved for ecanceso$i401,000 site and facility leases between the City and the Authority were amended Cash--and- inetet traffic signal inth Saim an improvements oveto Cetr-ud1,504,000 to adjust the lease payment schedules to incorporate the new debt issue.
As a result, the required lease payments were increased, in total over the lease term, by $25,427,500. $ 3,276,000 Special Revenue funds:
Future minimum lease payments under these capital leases are as Reserved for encumbrances $ 1,275,000 ConventionReserved for petty cash and deposits 190,000 follows: 128,000 Stadium Center Reserved for land purchase contract 103,000 udu Cente Reserved for bike trails development Fictaer Fund Fund Fiscal year 1980 $ 1,112,000 $ 1,650,000 1981 2,664,000 1,650,000 1982 3,429,000 1,697,500 1983 3,427,000 2,496,000 Water Utility Fund:
1984 3,413,000 2,496,000 Reserved for debt service 200,000 Thereafter 98,730,000 39,744,000 Reserved for renewal and replacement 562,000 112,775,000 49,733,500 $ 762,000 26
Electric Utility Fund: accompanying financial statements. Information as to the actuarially com Reserved for debt service 1,086,000 puted value of vested benefits over the related pension fund assets is not Reserved for renewal and replacement 742,000 available.
1,828,000 Anaheim Hills Golf Course Fund:
Reserved for land purchase contract 211,000 Convention Center Fund: NOTE 7-SELF-INSURANCE PROGRAMS:
Reserved for land purchase contract 189,000 Resevedfor andpurhaseconract189000Effective September 1, 1974 the City adopted a self-insured workers
$ 2,990,000 compensation program which is administered by a service agent. Effective TrustJuly Trus andAgeny fuds:general 1,1977 liability City became self-insured for the first $500,000 on each theclaim against the City. At June 30, 1979 $3,908,000 has Reserved for endowments $ 22,000 been accrued in the General Fund for workers' compensation and general liability claims representing estimates of amounts to be paid for reported The Water and Electric Utility funds were established June 30, 1971, at claims and incurred but not reported claims based upon past experience, which time the portion of the General Fund fund balance relating to utility modified for current trends and information. While the ultimate amount of operations was transferred to these funds. losses incurred through June 30, 1979 are dependent on future develop ments, based upon information from the City Attorney, outside counsel, Deficit fund balances/retained deficits at June 30,1979 will be remedied service agent and others involved with the administration of the programs, in future years, as follows: for the Parksites and Playground Fund, by City management believes that the aggregate accrual is adequate to cover subsequent billings to the State when projects are completed; for the such losses. Costs relating to the litigation of claims are charged to Redevelopment Area Projects Fund, by subsequent billings to the expenditures as incurred.
pute vaue o vetedbeneitsove thereltedpenson undasses i no Anaheim Redevelopment Agency; and for the Equipment Supply Fund, by increased equipment user charges. For the Water Utility Fund, income in future years is expected to reduce the retained deficit. Anticipated in creases in green fees and cart rental charges are expected to improve the NOTE 8-ALLOCATED EXPENSES:
retained earnings position of both the Anaheim Municipal and Anaheim Hills Golf Course funds. The General Fund allocates certain general and administrative ex penses to the Enterprise funds as follows:
NOTE 6-PENSION PLAN: Water Utility Fund $266,000 Electric Utility Fund 400,000 The City has contributory pension plans for its full-time employees Anaheim Municipal Golf Course Fund 21,000 under the State of California Public Employees' Retirement System Anaheim Hills Golf Course Fund 23,000 (PERS). The City's cost of benefits funded for 1979 based on the System's Stadium Fund 75,000 determination as of June 30, 1978 was approximately $5,875,000.
Convention Center Fund 95,000 Based on the latest actuarial valuation, made as of June 30, 1978, the City's unfunded prior service cost relating to the City's participation in No allocations of expenses are made to the other funds of the City PERS was $976,000 which is being funded over 25 years ending June 30, although the General Fund provides certain general and administrative 2000. No accrual for this prior service cost liability has been made in the services to them.
NOTE 9-GENERAL.FUND DEPOSITS: Visitor and Convention Bureau expense General, Fund deposits include $153,031 transferred from inactive In July 1969 the City entered into an agreement with the Anaheim Area Capital Projects funds, bei g held for future maintenance or improvements Visitor and Convention Bureau (a nonprofit corporation) whereby the City to'certain sewer projects. The remaining amount represents refundable agreed to reimburse the Bureau for convention promotion activities in the deposits, principally associated with construction projects in process. City. The amount paid by the City each year is limited to the amount appropriated by the City Council.
NOTE 12-CONTINGENT LIABILITIES:
NOTE 10-ELECTRIC UTILITY FUND:
The General Fund is contingently liable for rental payments relating to Unamortized project costs the Stadium and Convention Center facility leases, which range from
$2,762,000 to $5,923,000 during the next five years. These leases are The City plans to participate in various power generation projects with recorded as liabilities in the Stadium, and Convention Center funds (see other agencies. Deferred charges include $2,427,000 of unamortized Notes 3 and 4).
project costs which represent advance payments to the participating agencies for preliminary engineering and environmental impact studies for the related projects. During 1978 two of these projects, to which the City had advanced $1,382,000, were terminated without benefits accruing to the City. The $1,382,000 is being amortized to expense over the ensuing five years.
Prepaid electric power The City entered into an agreement with Nevada Power Company on May 25,1976 t puLichase electric power over four years. On July 1, 1976 the City used $12,500,000 of revenue bond proceeds to make a partial prepayment.to Nevada Power Company for energy to be supplied. In accordance with the terms of the agreement, beginning July 1, 1977 the prepayment has been offset against billings from Nevada Power Company for electric power purchases. It is anticipated that the remaining prepay ment will be utilized by June 30, 1980.
NOTE 11-CONVENTION CENTER FUND:
Tax revenues assigned The City cei ' 6 ransient occupancy tax from each licensee opertirg in Cit ivhich has been assigned to the Convention Center Fund. This revenue is recorded directly in the Convention Center Fund although it represents a general revenue of the City. 28 m mm-m-mmm-m mmm-am m m -
N This pictured model reflects the proposed configuration of the Anaheim Stadium to accommodate over 70,000 fans for the "Rams" 1980 opener.
CITY OF ANAHEIM BALANCE SHEET GENERAL FUND JUNE 30, 1979 (in thousands) 1978 ASSETS 1979 (Restated)
Cash and investments $ 8,095 $ 9,674 Accounts receivable, net of allowance for doubtful accounts of $103 in 1979 and 1978 1,460 1,464 Accrued interest receivable 189 548 Due from other funds 709 718 Other assets 99 41 Deposits 1,023 1,112 Restricted cash and investments 1,419 858
$12,994 $14,415 LIABILITIES AND FUND BALANCE Accounts payable $ 1,890 $ 1,412 Notes payable 900 Accrued liabilities 4,625 2,863 Deposits 1,688 1,651 Due to other governments 33 Deferred compensation payable 1,419 858 Deferred revenue 63 1,158 Total liabilities 9,718 8,842 Fund balance:
Reserved 3,276 5,573
$12,994 $14,415 29
CITY OF ANAHEIM STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE GENERAL FUND YEAR ENDED JUNE 30, 1979 (In thousands) 1978 1979 (Restated)
Revenue:
Property taxes $ 3,734 $ 7,224 Sales and use taxes 15,001 12,594 Licenses, fees and permits 2,387 2,866 Fines, forfeits and penalties 1,018 867 Cigarette taxes 903 872 State subventions 4,484 3,981 County subventions 401 480 Federal subventions 45 110 Other government agencies 142 1,399 Interest -. -843 861 Charges for services 7,937 4,111 Other 1,058 1,478 37,953 36,843 Expenditures:
General government 5,514 5,103 Nondepartmental 3,659 1,495 Public safety 21,028 18,896 Public works 12,510 11,549 Parks and recreation 3,253 3,410 Library 1,667 1,766 47,631 42,219 Excess of expenditures over revenue (9,678) (5,376)
Other financing sources (uses):
Operating transfers in 1,140 1,815 Operating transfers out (354) (293) 786 1,522 Excess of expenditures and other uses over revenue and other sources (8,892) (3,854)
Fund balance at beginning of year 5,573 4,003 Transfers from other funds 6,595 5,424 Fund balance at end of year $ 3,276 $ 5,573 30 mm mamaamm - m m ME
CITY OF ANAHEIM COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS JUNE 30, 1979 (In thousands)
Compre hensive Community Sewer Employment Develop- Federal Parksites Construction Miscel- Total Gas and Training ment Revenue and and laneous 1978 Tax Act Block Grant Sharing Playground Maintenance Grants 1979 (Restated)
ASSETS Cash and investments $ 963 $ 74 $ 540 $1,255 Accounts receivable
$316 $3,148 $5,309 205 649 $ 12 592 70 28 1,556 1,811 Accrued interest receivable 15 8 20 Deposits 43 47 170 217 238 Restricted cash and investments 201 $128 329 226
$1,230 $723 $213 $1,310 $128 $1,345 $344 $5,293 $7,584 LIABILITIES AND FUND BALANCES Accounts payable $ 351 $214 $118 $ 7 $202 $ 10 $ 18 Accrued liabilities $ 920 $ 845 3 37 54 49 1 1 145 79 Deposits 21 Due to other funds 21 Deferred revenue 472 49 47 568 694 Total liabilities 354 723 172 7 300 58 19 1,633 1,972 Fund balances:
Reserved 677 215 131 672 1 1,696 907 Unreserved 199 (174) 1,172 (844) 1,287 324 1,964 4,705 Total fund balances 876 41 1,303 (172) 1,287 325 3,660 5,612
$1,230 $723 $213 $1,310 $128 $1,345 $344 $5,293 $7,584 31
CITY OF ANAHEIM COMBINING STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCES ALL SPECIAL REVENUE FUNDS YEAR ENDED JUNE 30, 1979 (In thousands)
Comprehensive Employment Parksites Sewer and Community Federal and Construction Miscel- Total Gas Training Development Revenue Play- and laneous 1978 Tax Act Block Grant Sharing ground Maintenance Grants 1979 (Restated)
Revenue:
Intergovernmental revenue $2,752 $4,774 $1,606 -- $2,332 $ 45 $545 $12,054 $11,847 Developers fees 35 - $386 123 544 1,072 28 6 34 431 Charges for services 143 410 407 Interest and rentals 154 10 102 1 2 2 47 345 58 Other 294 3,263 4,774 1,618 2,434 389 358 551 13,387 13,815 Expenditures:
General government 10 2,996 42 1 1 3,050 568 586 968 34 7 1,595 4,862 Nondepartmental 150 448 713 Public safety 262 32 4 Public works 3,576 364 612 132 320 188 5,192 3,606 401 202 1,040 39 1,682 2,634 Culture and recreation 3,586 4,609 1,654 240 1,173 321 384 11,967 12,383 Excess of revenue over (323) 165 (36) 2,194 (784) 37 167 1,420 1,432 (under) expenditures Other financing sources (uses):
(724) (165) (2,342) 109 (250) (3,372) (1,819)
Operating transfers in (out)
Excess of revenue and other sources over (under) expendi tures and other uses (1,047) (36) (148) (675) (213) 167 (1,952) (387) 1,923 77 1,451 503 1,500 158 5,612 5,999 Fund balances at beginning of year Fund balances at end of year $ 876 $ $ 41 $1,303 ($172) $1,287 $325 $ 3,660 $ 5,612 32 mem-murn m me lm i m m
m mmm m m mm mmm (This page left blank intentionally) 33
CITY OF ANAHEIM STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL MAJOR SPECIAL REVENUE FUNDS YEAR ENDED JUNE 30, 1979 (In thousands)
Comprehensive Employment Community Development Gas Tax and Training Act Block Grant Variance- Variance- Variance Favorable Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable)
Revenue:
Licenses, fees and permits $ 35 $ 35 Intergovernmental revenue $2,354 2,752 398 $6,580 $4,774 ($1,806) $1,963 $1,606 ($ 357)
Charges for services 28 28 213 154 (59) 5 10 5 Interest and rentals 1,229 294 (935) 2 2 Other 3,796 3,263 (533) 6,580 4,774 (1,806) 1,968 1,618 (350)
Expenditures:
General government 10 (10) 4,521 2,996 1,525 34 42 (8) 1,012 586 426 2,276 968 1,308 Nondepartmentai 76 34 32 2 Public safety 338 262 4,418 3,576 842 530 364 166 1,268 612 656 Public works 50 640 401 239 50 Culture and recreation 4,418 3,586 832 7,041 4,609 2,432 3,662 1,654 2,008 Excess of revenue over (under)
(622) (323) 299 (461) 165 626 (1,694) (36) 1,658 expenditures Other financing sources (uses):
(724) (724) (423) (165) 258 Operating transfers in (out)
Excess of revenue and other sources over (under) expen 1,658 (1,346) (1,047) 299 (884) 884 (1,694) (36) ditures and other uses 77 77 Fund balances at beginning of year 1,923 1,923 _ _
Fund balances at end of year $ 577 $ 876 $299 ($ 884) $ 884 ($1,617) $ 41 $1,658 (continued) 34 M M- - -ma M -W m aMrn-a
CITY OF ANAHEIM STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL MAJOR SPECIAL REVENUE FUNDS YEAR ENDED JUNE 30, 1979 (In thousands)
(continued)
Federal Revenue Sharing Parksites and Playground Variance- Variance Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable)
Revenue:
Licenses, fees and permits $ 746 $ 386 ($ 360)
Intergovernmental revenue $2,250 $2,332 $ 82 622 (622)
Interest and rentals 24 102 78 1 1 Other 2 2 2,274 2,434 160 1,368 389 (979)
Expenditures:
General government 1 Nondepartmental (1) 244 34 210 Public safety 4 (4)
Public works 233 132 101 Culture and recreation 195 202 (7) 1,596 1,040 556 439 240 199 1,829 1,173 656 Excess of revenue over (under) expenditures 1,835 2,194 359 (461) (784) (323)
Other financing sources (uses):
Operating transfers in (out) (2,284) (2,342) (58) 109 109 Excess of revenue and other sources over (under) expen ditures and other uses (449) (148) 301 (461) (675) (214)
Fund balances at beginning of year 1,451 1,451 503 503 Fund balances at end of year $1,002 $1,303 $301 $ 42 ($ 172) ($ 214) 35
CITY OF ANAHEIM BALANCE SHEET DEBT SERVICE FUND JUNE 30, 1979 (In thousands) 1979 1978 ASSETS Cash and investments $434 $199 Accounts receivable 12
$446 $199 FUND BALANCE Fund balance $446 $199 36
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CITY OF ANAHEIM STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE DEBT SERVICE FUND YEAR ENDED JUNE 30, 1979 (In thousands) 1979 1978 Revenue:
General property taxes $1,453 $1,229 Expenditures:
Redemption of serial bonds 1,045 1,045 Interest on bonds 159 194 Administrative charges 2 2 1,206 1,241 Excess of revenue over (under) expenditures 247 (12)
Fund balance at beginning of year 199 211 Fund balance at end of year $ 446 $ 199 37
CITY OF ANAHEIM COMBINING BALANCE SHEET ALL CAPITAL PROJECTS FUNDS JUNE 30, 1979 (In thousands)
Civic Center Redevelopment Other Capital Total Construction Area Projects Improvements 1979 1978 ASSETS Cash and investments $5,857 $1,302 $1,509 $8,668 $8,859 Accrued interest receivable 98 147 245
$5,955 $1,449 $1,509 $8,913 $8,859 LIABILITIES AND FUND BALANCES Accounts payable $1,670 $ 239 $1,909 $ 391 Accrued liabilities 4 4 Deferred revenues 1,334 1,334 Total liabilities 1,670 1,577 3,247 391 Fund balances 4,285 (128) $1,509 5,666 8,468
$5,955 $1,449 $1,509 $8,913 $8,859 38
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CITY OF ANAHEIM COMBINING STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCES ALL CAPITAL PROJECTS FUNDS YEAR ENDED JUNE 30, 1979 (in thousands)
Civic Center Redevelopment Other Capital Total Construction Area Projects Improvements 1979 1978 Revenue:
Intergovernmental revenue $4,006 $1,509 $5,515 $7,597 Interest $ 279 279 279 4,006 1,509 5,794 7,597 Expenditures:
Public works 6,793 4,134 10,927 1,046 Excess of revenue over (under) expenditures (6,514) (128) 1,509 (5,133) 6,551 Other financing sources (uses):
Operating transfers in 2,331 2,331 1,917 Operating transfers out (35) 2,331 2,331 1,882 Excess of revenue and other sources over (under) expenditures and other uses (4,183) (128) 1,509 (2,802) 8,433 Fund balances at beginning of year 8,468 8,468 188 Transfer to General Fund deposits (153)
Fund balances at end of year $4,285 ($ 128) $1,509 $5,666 $8,468 39
CITY OF ANAHEIM COMBINING BALANCE SHEET ALL INTERNAL SERVICE FUNDS JUNE 30, 1979 (In thousands)
Data Equipment Total Processing Supply 1979 1978 ASSETS Current assets:
Cash and investments $ 196 $ 108 $ 304 $ 360 Accounts receivable 7 7 Deposits 4 4 7 Total current assets 207 108 315 367 Plant and equipment:
Structural improvements 25 25 Equipment 1,326 5,217 6,543 5,899 1,351 5,217 6,568 5,899 Less accumulated depreciation (380) (1,701) (2,081) (1,558)
Net plant and equipment 971 3,516 4,487 4,341
$1,178 $3,624 $4,802 $4,708 LIABILITIES AND FUND EQUITY Current liabilities:
Accounts payable $ 88 $ 163 $ 251 $ 322 Accrued liabilities 14 14 28 30 Due to other funds 528 528 538 Total current liabilities 102 705 807 890 Fund equity:
Contributions from other funds 736 3,096 3,832 4,032 Retained earnings (deficit) 340 (177) 163 (214)
Total fund equity 1,076 2,919 3,995 3,818
$1,178 $3,624 $4,802 $4,708 40
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CITY OF ANAHEIM COMBINING STATEMENT OF REVENUE, EXPENSES AND CHANGES IN RETAINED EARNINGS (DEFICIT)
ALL INTERNAL SERVICE FUNDS YEAR ENDED JUNE 30, 1979 (In thousands)
Data Equipment Total Processing Supply 1979 1978 Operating revenue:
Billings to City departments $ 805 $3,151 $3,956 $4,072 Billings to Municipal Data Systems 593 593 572 Other 3 53 56 92 1,401 3,204 4,605 4,736 Operating expenses:
Salaries and wages 981 882 1,863 1,805 Maintenance and operations 554 1,326 1,880 2,625 Depreciation 159 559 718 604 Interest 50 50 70 1,744 2,767 4,511 5,104 Operating income (loss) (343) 437 94 (368)
Operating transfers in 283 283 Net income (loss) (60) 437 377 (368)
Retained earnings (deficit) at beginning of year 400 (614) (214) 160 Transfers to other funds (6)
Retained earnings (deficit) at end of year $ 340 ($ 177) $ 163 ($ 214) 41
CITY OF ANAHEIM COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION ALL INTERNAL SERVICE FUNDS YEAR ENDED JUNE 30, 1979 (In thousands)
Data Equipment Total Processing Supply 1979 1978 Financial resources were provided by:
Operations Net income (loss) ($ 60) $437 $ 377 ($ 368)
Items not requiring (providing) working capital:
Depreciation 159 559 718 604 Gain on sale of equipment (1)
Working capital provided by operations 99 996 1,095 235 Disposal of equipment 132 Contributions from other funds _ 3,096 99 - 996 1,095 3,463 Financial resources were used for:
Additions to equipment 9 855 864 3,920 Decrease in deferred revenue 20 Decrease in contributions 200 200 107 Transfers to other funds 6 209 855 1,064 4,053 Increase (decrease) in working capital ($110) $141 $ 31 ($ 590)
Increase (decrease) in working capital by components:
Cash and investments ($ 83) $ 27 ($ 56) $ 239 Accounts receivable 7 7 (6)
Deposits (3) (3) 3 Accounts payable (34) 105 71 (296)
Accrued liabilities 3 (1) 2 8 Due to other funds 10 10 (538)
Increase (decrease) in working capital ($110) $141 $ 31 ($ 590) 42 m..mmmmm m m - -WW
CITY OF ANAHEIM COMBINING BALANCE SHEET ALL TRUST AND AGENCY FUNDS JUNE 30, 1979 (In thousands)
Non Expendable Agency Funds Trust Fund Total Anaheim Anaheim Museum Housing Redevelopment and 1978 Authority Agency Library 1979 (Restated)
ASSETS Cash and investments $279 $8,214 $45 $8,538 $18,787 LIABILITIES AND FUND BALANCES Due to other governments $279 $8,214 $8,493 $18,750 Fund balances:
Reserved $22 22 20 Unreserved 23 23 17 Total fund balances 45 45 37
$279 $8,214 $45 $8,538 $18,787 43
CITY OF ANAHEIM COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES ALL AGENCY FUNDS YEAR ENDED JUNE 30, 1979 (in thousands)
Balance Balance July 1, June 30, 1978 Additions Deductions 1979 Sanitation Districts ASSETS Cash and investments $ 219 $ $ 219 $
LIABILITIES Due to other governments $ 219 $ $ 219 $
Anaheim Housing Authority ASSETS Cash and investments $ 510 $ 2,553 $ 2,784 $ 279 LIABILITIES Due to other governments $ 510 $ 2,553 $ 2,784 $ 279 Anaheim Redevelopment Agency ASSETS Cash and investments $18,021 $12,373 $22,180 $8,214 LIABILITIES Due to other governments $18,021 $12,373 $22,180 $8,214 Total-All Agency Funds ASSETS Cash and investments $18,750 $14,926 $25,183 $8,493 LIABILITIES Due to other governments $18,750 $14,926 $25,183 $8,493 44 m ... -m ama m m mm m
CITY OF ANAHEIM STATEMENT OF GENERAL FIXED ASSETS JUNE 30, 1979 (In thousands) 1979 1978 General fixed assets:
Land $10,565 $10,013 Buildings 7,439 6,417 Improvements other than buildings 11,871 10,672 Equipment 3,454 3,347
$33,329 $30,449 Investment in general fixed assets $33,329 $30,449 45
CITY OF ANAHEIM STATEMENT OF GENERAL LONG-TERM DEBT JUNE 30,1979 (In thousands) 1979 1978 AMOUNTS AVAILABLE AND TO BE PROVIDED FOR THE PAYMENT OF GENERAL LONG-TERM DEBT General obligation bonds:
Amount available in Debt Service Fund $ 446 $
Amount to be provided 3,449 4,741 Total general obligation bonds 3,895 4,940 Other general obligation debt:
Amount available in Parksites and Playground Fund 117 128 Amount to be provided 1,229 1,504 Total other general obligation debt 1,346 1,632
$5,241 $6,572 GENERAL LONG-TERM DEBT PAYABLE General obligation bonds payable $3,895 $4,940 Other general obligation debt payable:
Capitalized equipment leases payable 646 846 Land purchase contracts payable:
Parksites and playground land 117 170 Golf course and parksite land 583 616 Total other general obligation debt payable 1,346 1,632
$5,241 $6,572 46 m ma- ma a m m a M - m
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CITY OF ANAHEIM SCHEDULE OF INSURANCE IN FORCE JUNE 30, 1979 Policy Number Expiration Date Type of Coverage Liability Limits Name of Company Property 89133 January 1, 1983 All Real & Personal property; $105,924,444 Allendale Insurance Company and related Allied Perils participating companies Fire and Ext. Coverage and V.M.M.
Earthquake on Stadium and $30,000,000 earthquake Convention Center and Rental $10,492,000 rental Loss on same $1,500,000 vehicles Deductible 10% earthquake
$100,000 all other Appalachian Insurance Company C4603 February 14, 1981 All risk on personal property data $2,250,000 on equipment processing hardware, software and $340,000 extra expense extra expense Deductible-$1 00,000 Bonds 2104206 November 22, 1981 Public Official Bond (Director $100,000 Firemen's Insurance Co. of Newark, New Jersey of Finance) 2104207 November 22, 1981 Public Official Bond $100,000 Firemen's Insurance Co.
(City Treasurer) 2104301 December 20, 1980 Employee's Blanket Bond $2,500 Continental Insurance Co. Honesty; covers shaning agreement with County of Orange 2104208 November 22, 1981 Employee's Blanket Bond, $100,000 faithful performance Continental Insurance Co. Honesty and Faithful $100,000 honesty Performance 2104209 November 22, 1981 Employee's Blanket Bond, $900,000 Continental Insurance Co. Honesty only Workers' Compensation Employers Reinsurance Co. C21843 November 1, 1979 Statutory $200,000 excess of Deductible-$500,000 (continued) 48 mam am M M M M M" M M
CITY OF ANAHEIM SCHEDULE OF INSURANCE IN FORCE JUNE 30, 1979 (continued)
Policy Name of Company Number Expiration Date Type of Coverage Liability Limits Firemen's Fund Insurance Co. XEX 1306223 November 1, 1979 Statutory $3,000,000 excess of
$2,000,000 Argonaut Insurance Co. CC 20363100272 October 1, 1979 CETA employees Statutory Liability S & H Insurance Co. S8CM0035 September 1, 1979 Excess liability (Public liability $500,000 excess of and auto) except dams $500,000 SIR and aircraft Deductible-$500,000 North River Insurance Co. XS4495 September 1, 1979 Excess liability (Public liability $4,000,000 excess of and auto) $1,000,000 SIR Deductible-$1,000,000 North River Insurance Co. XS4496 September 1, 1979 Dams and reservoirs liability $4,000,000 excess of
$1,000,000 Deductible-$1,000,000 Lexington Insurance Co. 551-3526 September 1, 1979 Excess liability (Public liability $10,000,000 excess of including dams and reservoirs) $5,000,000 Landmark Insurance Co. FE40000 80 September 1, 1979 Excess liability $5,000,000 excess of
$15,000,000 Forum Insurance Co. PO 22091 September 1, 1979 Public officials errors $3,000,000 and omissions Underwriters at Lloyds LC 65722 June 15, 1980 Aircraft liability $5,000,000 Underwriters at Lloyds LC 106887 June 15, 1980 Excess aircraft liability on $15,000,000 excess of police helicopters $5,000,000 Firemen's Fund APL 927494 June 15, 1980 Heliport liability $5,000,000 CSL Underwriters at Lloyds LC 65736 June 15, 1980 Excess heliport premises $15,000,000 excess of liability $5,000,000 49
CITY OF ANAHEIM COMBINED SCHEDULE OF INVESTMENTS-ALL FUNDS JUNE 30, 1979 Description Interest Rates Amount Time Certificates of Deposit 8.50% to 10.75% $12,200,000 Repurchase Agreements 10.15% 5,000,000 Federal National Mortgage Association 8.10% to 10.14% 7,875,082 Bankers Acceptance Notes 9.85% to 10.2% 7,325,382 Federal Farm Credit Bank Notes 9.90% to 10.25% 4,999,624 Federal Home Loan Banks 8.1% to 9.75% 3,928,348 Federal Land Bank Bonds 7.1% to 8.85% 1,499,844 Government National Mortgage Association 8.75% 2,409,471 U.S. Treasury Notes 8.875% 496,367 Total investments 45,734,118 Cash invested by fiscal agents and in banks, less warrants outstanding 43,872,882 Total cash and investments $89,607,000 50 mammee- e-mm m emm
Patrolled by car and aircraft - with more than forty square miles to service, the Anaheim Police Department utilizes patrol vehicles and two helicopters. A sophisticated radio communications network links all units with police agencies throughout the County of Orange and eight frequencies. Each patrol unit is complete with a teleprinter as part of the radio communications equipment. Nearly three hundred sworn personnel include patrol officers, supervisors and detectives. A Reserve Corps of almost one hundred officers provide additional assistance as required.
MOUC
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CITY OF ANAHEIM GENERAL GOVERNMENTAL EXPENDITURES BY FUNCTION LAST TEN FISCAL YEARS (In thousands)
Fiscal General Non- Public Public Culture and Debt Year Government departmental Safety Works Recreation Service Total 1969-70 $2,516 $1,763 $ 6,233 $5,217 $2,583 $1,810 $20,122 1970-71 2,265 1,985 6,354 5,635 2,491 1,769 20,499 1971-72 2,466 4,413 6,822 6,290 3,062 1,728 24,781 1972-73 2,957 1,853 9,517 7,627 3,312 1,688 26,954 1973-74 3,261 2,045 10,840 8,261 3,899 1,598 29,904 1974-75 3,777 2,341 13,258 8,894 4,868 1,565 34,703 1975-76 4,157 1,748 14,940 9,718 6,215 1,354 38,132 1976-77 5,322 6,331 16,419 11,897 7,052 1,318 48,339 1977-78 5,671 6,357 19,609 16,201 7,810 1,241 56,889 1978-79 8,564 5,254 21,476 28,629 6,602 1,206 71,731 NOTE: Includes all governmental fund types.
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CITY OF ANAHEIM GENERAL REVENUE BY SOURCE LAST TEN FISCAL YEARS (In thousands)
Licenses Fines Inter Fiscal Fees and Forfeits And governmental Charges For Miscellaneous Year Taxes Permits Penalties Revenue Services Revenue Total 1969-70 $10,136 $ 389 $ 429 $ 3,563 $1,776 $1,074 $17,367 1970-71 10,866 442 364 4,020 1,853 1,094 18,639 1971-72 11,817 512 350 4,848 1,097 879 19,503 1972-73 13,009 573 397 5,937 2,336 886 23,138 1973-74 14,014 772 474 6,817 2,786 1,542 26,405 1974-75 15,404 601 578 8,311 2,737 1,773 29,404 1975-76 16,892 919 671 11,538 3,037 1,528 34,585 1976-77 18,154 3,657 669 14,594 3,970 688 41,732 1977-78 21,047 3,938 867 26,286 4,542 2,804 59,484 1978-79 20,188 2,931 1,018 23,149 7,943 3,358 58,587 NOTE: Includes all governmental fund types.
52 mm mna-M-ilmIm sM M m- m m m amI
CITY OF ANAHEIM ASSESSED AND ESTIMATED ACTUAL VALUES OF ALL CITY PROPERTY LAST TEN FISCAL YEARS Total Estimated Fiscal Common Public Unsecured Assessed Full Market Percent Year Property Utility Valuation Valuation Valuation Increase 1969-70 $356,079,319 $27,934,130 $ 62,243,458 $ 446,256,907 $1,757,940,000 8%
1970-71 427,533,669 27,975,480 66,350,962 521,860,111 2,065,782,000 17 1971-72 445,324,117 27,386,010 72,664,041 545,374,168 2,166,388,000 5 1972-73 493,884,693 30,041,990 84,172,349 608,099,032 2,423,495,000 12 1973-74 540,798,280 30,994,500 93,682,570 665,475,350 2,661,901,000 10 1974-75 598,245,020 31,998,970 99,637,010 729,881,000 2,919,524,000 10 1975-76 642,440,520 30,092,076 120,583,198 793,115,794 3,172,463,000 9 1976-77 749,555,690 32,405,796 115,598,274 897,559,760 3,590,239,000 13 1977-78 879,301,410 35,510,596 127,462,798 1,042,274,804 4,169,099,000 16 1978-79 903,685,050 37,739,336 146,627,303 1,088,051,689 4,352,207,000 4 CURRENT TAX LEVIES AND TAX COLLECTIONS LAST TEN FISCAL YEARS Total Total Fiscal Current Current Percent of Year Levy Collection Levy Collected 1969-70 $4,685,975 $4,531,284 96.7%
1970-71 5,180,064 4,992,935 96.4 1971-72 5,418,580 5,336,373 98.5 1972-73 6,049,488 5,900,915 97.5 1973-74 6,115,299 5,879,795 96.1 1974-75 6,642,416 6,359,885 95.7 1975-76 7,378,264 6,934,601 94.0 1976-77 7,751,993 7,482,151 96.5 1977-78 8,384,523 8,232,390 98.2 1978-79 5,359,430 4,952,832 92.4 53
CITY OF ANAHEIM PROPERTY TAX RATES - ALL OVERLAPPING GOVERNMENTS LAST TEN FISCAL YEARS Basic County, County County Metropolitan County County City, Harbor Water Fiscal School Orange School Sanitation Flood Water Cemetery City County Districts District Control District District District District Total Year Levy 1.0500 1.6700 6.3168 .4261 .3591 .1700 .0017 .0865 .1506 10.2308 1969-70 -
1.0500 1.7160 6.5633 .4256 .2505 .1700 .0082 .0483 .0800 10.3119 1970-71 -
1.0500 2.0688 6.5185 .4255 .2481 .1700 .0025 .1247 .0800 10.6881 1971-72 -
1.0500 2.1950 6.6102 .4254 .2395 .1500 .0042 .0083 .0800 10.7626 1972-73 -
1.0500 1.7344 6.3384 .4206 .2332 .1400 .0042 .2000 .0700 10.1908 1973-74 -
1.6582 6.1420 .3825 .2222 .1400 .0042 .1843 .0700 9.8534 1974-75 - 1.0500 1.6875 6.1294 .3793 .2169 .1300 .0074 .1091 .0700 9.7796 1975-76 - 1.0500 1.4854 5.7992 .3467 .1872 .1200 .0048 .1979 .0800 9.1712 1976-77 - .9500
.8800 1.3761 5.8589 .2988 .1888 .2000 .0059 .1659 .0800 9.0544 1977-78 -
.5312 .0215 .0171 .1000 - - - 4.8200 1978-79 4.0000 .1470 .0032 54
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CITY OF ANAHEIM SCHEDULE OF DIRECT AND OVERLAPPING BONDED DEBT June 30, 1979 Governmental Agencies % Applicable Bonded Debt Orange County 11.367% $ 412,053*
Orange County Building Authorities 11.367 2,498,495 Orange County Flood Control 11.367 2,115,967 Metropolitan Water District 2.193 11,339,586 Municipal Water District of Orange County Water Facilities Corp. 12.904 10,245,776 County Sanitation District No. 2 (Various Issues) 35.122-35.144 1,247,513 County Sanitation District No. 3 9.280 502,883 North Orange County Community College District 52,048 1,743,608 Fullerton Community College & Union High School Districts 0.229 12,997 Anaheim Union High School District (Various Issues) 60.717-62.860 17,727,142 15.866-16.628 3,252,051 Orange Unified School District (Various Issues)
Placentia Unified School District (Various Issues) 40.446-41.265 8,297,521 Anaheim School District (Various Issues) 99.507-99.511 2,204,164 Centralia School District (Various Issues) 14.111-14.300 212,518 Magnolia School District 65.864 98,796 Savanna School District ~ m m$ 46,493 4-2,053*
286,396 60,789 Other School Districts Various City of Anaheim 100. 3,895,000 City of Anaheim Building Authorities 100. 72,090,000 Other Special Districts Various 57,409 TOTAL GROSS DIRECT AND OVERLAPPING BONDED DEBT 138,300,664 Less: City of Anaheim water and electric bonds (100% self-supporting) 2,297,226 Water Facilities Corp. (paid from water charges) 10,245,776 Convention Center Bonds (Series A & B 100% self-supporting) 17,485,000 Stadium, Inc. (refunding, 100% self-supporting) 11,785,000 TOTAL NET DIRECT AND OVERLAPPING BONDED DEBT $ 96,487,662
- Excludes share of $590,178 Orange County lease-purchase obligations ($67,086).
(continued) 56
CITY OF ANAHEIM SCHEDULE OF DIRECT AND OVERLAPPING BONDED DEBT (continued) 1978-79 Assessed Valuation: $1,088,051,689 (after deducting $96,558,806 redevelopment tax allocation increment) 1979 1978 1979 1978 Ratios to Assessed Valuation: Ratios Per Capita:
Gross Direct Debt ($75,985,000 in 1979; Gross Direct Debt $364.44 $194.63
$39,860,000 in 1978) 6.98% 3.82% Net Direct Debt 213.03 180.43 Net Direct Debt ($44,417,774 in 1979; Gross Total Debt 663.27 440.86
$36,951,772 in 1978) 4.08% 3.55% Net Total Debt 462.77 426.65 Gross Total Debt ($90,288,911 in 1978) 12.71% 8.66%
Net Total Debt ($87,378,375 in 1978) 8.87% 8.38%
SHARE OF STATE SCHOOL BUILDING AID REPAYABLE AS OF 9/30/78: $34,453,925 SHARE OF AUTHORIZED AND UNSOLD BONDS:
Metropolitan Water District $8,004,450 Placentia Unified School District 7,688,785 Centralia School Distrist 244,120 STATEMENT OF LEGAL DEBT MARGIN JUNE 30, 1979 Assessed Valuation $1,088,051,689 Charter Debt Limit 15% of Assessed Valuation $ 163,207,753 Amount of Debt Applicable to Debt Limit 3,895,000 Legal Debt Margin $ 159,312,753 Percent of Charter Debt Limit Authorized 2.4%
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CITY OF ANAHEIM RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR GENERAL BONDED DEBT TO TOTAL GENERAL EXPENDITURES*
LAST TEN FISCAL YEARS Total Ratio of Debt Fiscal Total Debt General Service to General Year Principal Interest Service Expenditures* Expenditures(%)
1969-70 $1,310,000 $500,049 $1,810,049 $20,122,000 9%
1970-71 1,310,000 459,033 1,769,033 20,499,000 9 1971-72 1,310,000 418,448 1,728,448 24,781,000 7 1972-73 1,310,000 377,863 1,687,863 26,954,000 6 1973-74 1,260,000 337,840 1,597,840 29,904,000 5 1974-75 1,260,000 301,880 1,561,880 34,703,000 5 1975-76 1,085,000 265,920 1,350,920 38,132,000 4 1976-77 1,085,000 230,398 1,315,398 48,339,000 3 1977-78 1,045,000 194,435 1,239,435 56,889,000 2 1978-79 1,045,000 159,007 1,204,007 71,731,000 2
- Note: Includes all governmental fund types.
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CITY OF ANAHEIM SCHEDULE OF REVENUE BOND COVERAGE WATER UTILITY FUND Net Revenue Available Gross for Debt Service Requirements Revenue Expenses Debt Service Principal Interest Total Coverage 1971-72 $4,883,000 $1,881,000 $3,002,000 $ 51,671 $ 51,671 58 1972-73 4,994,000 2,816,000 2,178,000 $ 85,000 100,973 185,973 12 1973-74 5,926,000 3,330,000 2,596,000 90,000 95,723 185,723 14 1974-75 5,903,000 4,092,000 1,811,000 95,000 90,173 185,173 10 1975-76 6,914,000 4,961,000 1,953,000 100,000 84,323 184,323 10.5 1976-77 7,691,000 5,317,000 2,374,000 110,000 78,023 188,023 12.5 1977-78 6,113,000 5,282,000 831,000 115,000 71,272 186,272 4.5 1978-79 7,714,000 6,133,000 1,581,000 120,000 65,183 185,183 8.5 59
CITY OF ANAHEIM SCHEDULE OF REVENUE BOND COVERAGE ELECTRIC UTILITY FUND Net Revenue Debt Service Requirements Gross Available Revenue Expenses for Debt Service Principal Interest Total Coverage
$20,495,000 $12,327,000 $ 8,168,000 $ 324,488 $ 324,488 25 1972-73 30,732,000 19,797,000 10,935,000 $ 200,000 425,650 625,650 17.5 1973-74 43,999,000 35,871,000 8,128,000 225,000 410,775 635,775 13 1974-75 43,215,000 6,078,000 250,000 394,150 644,150 9.5 1975-76 49,293,000 50,305,000 4,361,000 325,000 1,343,375 1,668,375 2.5 1976-77 54,666,000 65,299,000 56,405,000 8,894,000 3,600,000 1,286,500 4,886,500 2 1977-78 72,042,000 64,891,000 7,151,000 3,800,000 1,107,506 4,907,506 1.5 1978-79 60 m m mn as mm am mili m m m m m m
CITY OF ANAHEIM DEMOGRAPHIC STATISTICS
____city ____
City of Anaheim Population Orange Population Rank in Size Square Percent County Percent of California Year Miles Population Change Population of County Cities 1900 3.70 1,456 19,696 7.4% 51 1910 3.70 2,628 80.5% 34,436 7.6 66 1920 3.70 5,526 110.3 61,375 9.0 42 1930 3.70 10,995 99.0 118,674 9.3 44 1940 3.70 11,031 0.3 130,760 8.4 Not Available 1950 4.40 14,556 32.0 216,224 6.7 68 1960 27.34 104,184 615.7 703,925 14.8 12 1970 33.10 166,701 60.0 1,420,386 11.7 8 1973 37.98 186,200 11.7 1,584,259 11.8 8 1974 38.62 187,400 0.6 1,646,314 11.4 8 1975 .38.84 191,800 2.3 1,684,462 11.4 8 1977 39.40 200,100 4.3 1,768,000 11.3 8 1978 39.95 204,800 2.3 1,808,200 11.3 8 1979 42.04 208,500 1.8 1,851,000 11.3 8 61
CITY OF ANAHEIM CONSTRUCTION ACTIVITY LAST TEN FISCAL YEARS Number of Building Percent Estimated Percent Fiscal Year Permits Issued Change Valuation Change 1969-70 4,791 $ 60,170,885 1970-71 4,079 (15%) 141,078,552 134%
1971-72 4,804 18 87,959,670 (38) 1972-73 5,533 15 74,556,557 (15) 4,787 (13) 113,462,272 52 1973-74 1974-75 4,593 (4) 78,436,011 (31) 6,002 31 148,692,887 90 1975-76 6,279 5 224,385,885 51 1976-77 1977-78 7,268 16 216,367,949 (4) 1978-79 4,227 (42) 112,161,104 (48) 62
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CITY OF ANAHEIM PRINCIPAL TAXPAYERS 1977-78 Assessed Percent of Valuations 1977-78 Total for Revenue Assessed Taxpayer Product Employees Purposes Valuation Disneyland Amusement Park Entertainment 6,000 $25,055,371 2.40%
Rockwell International Corp. Autonetics 8,000 18,741,990 1.80 Disneyland Hotel Hotel 900 10,389,929 0.10 General Motors Corp.
(Delco-Remy Division) Batteries 550 4,283,800 0.04 Kwikset Division of Emhart Industries Locksets 1,500 2,705,430 0.03 Monsanto Plastic and Resins Co. Plastic Containers, Film and Sheeting 350 2,479,740 0.02 Northrop Corporation Aerospace Electronics 1,800 2,389,860 0.02 California Computer Products, Inc. Computer Peripherals 2,500 2,204,100 0.02 Interstate Electronics Corp.
Division of A-T-O, Inc. Electronics 1,700 1,573,640 0.02 23,300 $69,823,860 4.45%
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CITY OF ANAHEIM MISCELLANEOUS STATISTICAL INFORMATION Founded - October 5,1857 Charter City - January 14, 1965 Government - Council-Manager Form Municipal Water Plant 49,104,630 Gallons Daily Average Distributed Production 49,298,075 Gallons Daily Average Gross Production 5,600 Hydrants 88,840 Gallons per Minute; Plant Capacity 619.5 Miles of Mains 48,342 Services Municipal Electric Plant - 80,038 Customers 1500.7 Miles of Circuit Line 686,880 KVA (Transformer KVA Installed)
Police Protection - 1 Station 409 Regular Employees 46 Part-time Employees 62 Crossing Guards and Traffic Controllers Fire Protection - 9 Stations 223 Regular Employees 5 Part-time Employees mm m m m 48,342 Services -
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