ML20052G730
| ML20052G730 | |
| Person / Time | |
|---|---|
| Site: | San Onofre  |
| Issue date: | 11/19/1981 |
| From: | RIVERSIDE, CA |
| To: | |
| Shared Package | |
| ML13310A719 | List: |
| References | |
| NUDOCS 8205180612 | |
| Download: ML20052G730 (71) | |
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C0fiPREHENSIVE ANNUAL FINAtlCIAL REPORT
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For Fiscal Year Ended June 30, 1981 i
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I Prepared by the Finance Department
(
Harold E. Brewer, Finance Director E
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3900 tiain street Riverside, California 92522 (71'+) 787-7660 1
I City of Olvarside I
Annual Financial Report For the Year Ended June 30, 1981 Table of Contents I
Page Page Number fem 6e r (NTRODUCTORY SECTION Letter of transmittal i
Schedule 9 Crumbining Batence Sheet, Proprie tary Fund Types -
I Certificate of Conformance in Financial Reporting in Internal Services
}$
Organizational Chart al Schedule 10 Combining Statement of Revenues Expenses and Roster of City Officials al Changes in Retained Earnings Proprietary Fund Types - Internal Services 36 FINANCIAL SECTION Schedule II Cmbining Statement of Changes in FinanClal Position, I
Proprietary Fund Types - Internal Services 37 f ndependent Audi tor's Opinion 1
Schedule 12 Combining Statement of Changes in Assets and ExFibit I Cnmbined Balance Sheet, All Fund Types and Liabilities - All Agency Funds 39 Account Group 2-3 Exhibit 2 Combined Statement of Revenues. Expenditures and Schedule A Schedule of Fixed Assets - By Function and i
Changes in Fund Balances. All Governmental Fund Activities feo Types 5
Schedule 8 Principal Requi rements to Maturity by Bond Issue 41-46 Exhibit 3 Combined Statement of Revenues Expenditures and Schedule C Debt Service Requirements to Maturity 47 Changes in Fund Balances - Budget and Actual.
Gene r al, Spec i al Revenue. Debt Service and STATISTICAL SECTION Capital Projects Fund Types 6-7 I
Exhibit is Combined Statement of Revenues, Expenses and Table 1 General Governmental Expenditures br f unction 49 Changes in Retained Earnings / Fund Salance, All Table 2 General Governmental Revenues by Sources 49 Prnprietary Fund Types and similar Trust Funds 8
Table 3 Tax Revenues by Source 50 Exhibit 5 ComlIngd Statement of Changes In Financial Table 4 Property Tax Levies and Collections 50 Position. All Prnprietary fund Types and Table 5 Assessed Value of Taxable Property 51 I
Nonespendable Trust Funds 9
Table 6 Property Tax Rates and Tax Levies - All Overlapping Notes to Financial Statement 11-20 Governments St Table 7 Ratlo of Net General Bonded Cebt to Assess-d Value Schedule 1 Combining 8alance Sheets All Special Revenue and Net Bondsd Debt Per Capita 52 Funds 23 Table 8 Computation of Direct and 9verlapping Debt 52 I
Schedule 2 Combining Statement of Revenues, Expenditures Table 9 Cmputation of Legal Debt Margin 52 and Changes in Fund Balances All Special Table 10 Ratio of Annual Debt Service Expenditures for Revenue Funds 22 General Bonded Debt to Total General Expenditures 53 Schedule 3 Combining Statement of Revenues, EFpenditures TabIe 11
$Chedule of Revenue Bond Coverage Sie and Changes in Fund Balances - Budget and Actual, Table 12 Sumary of Debt Service Requirements and Long Term i
All Special Revenue Funds 2's-25 tease Obtigations to Maturity 55 Schedule 4 Combining Salance Sheet, All Capital Projects table 13 Speclat Assessment Collec tions
$6 funds 27 Table 14 Salaries and Surety Bonds of Principal Officens 56 Schedute 5 amabining Statement of Revenues, Expenditures Table 15 Property Harliet and Assessed Values 57 and Changes in Fund Balances All Capital Table 16 Principal Employers 57 Projects Funds 28 Table 17 Schedule of Insurance in Force 58 Schedule 6 Combining Statement of Revenue. Expenditures and Table 18 Miscellaneous Statistical Data 53-60 f
Changes in Fund Balances - Budget and Actual, All Capital Projects Funds 30-31 I.4, ScMNle 7 Combining Balance Sheet, Proprietary Funds and Nonexpendable Trust Funds 33 Schedule 8 Memorsndum Statement of income and Expenses by
,i Function. Electric and Water 34
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I CITY OF FINANCE DEPARTMENT - 3900 Main street Riversade, California 92522 lA H. E. B REWE R I
F6 nance Detector November 19, 1981 o,y,,,o,,,
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Honorable Mayor and City Council City of Riverside Riverside, California The Annual Financial Report of the City of Riverside, California for the fiscal year ended June 30, 1981 is submitted herewith.
In accordance with the City Charter, this report was prepared by the City's I
Finance Department for submission by the City Manager to the City Council. This Annual Financial Report also includes the Audit Report from the City Council appointed independent Certified Public Accountant.
We believe this comprehensive report, including the accompanying notes, is accurate in cll material I
aspects, that it is presented in a manner to fairly present the financial position and results of opera-tions of the City as measured by the activities of all the various funds, and that all disclosure neces-sary to enable the reader to gain the maximum understanding of the City's financial position has been incl uded.
On July 11, 1979, the Municipal Finance Officers Association of the United States and Canada (MFOA) awarded a Certificate of Confomance in Financial Reporting to the City of Riverside for our Annual I
Financial Report for the fiscal year ended June 30, 1979.
A Certificate of Confonnance is valid for a period of three years, subject to two annual reviews.
Our Annual Financial Report for the fiscal year ended June 30, 1980 has successfully passed the required annual review.
We believe that our current report continues to confom to the Certificate of Conformance program requirements and we are submitting I
this report to MF0A for a new Certificate for fiscal year ended June 30, 1981.
In order to be awarded a Certificate of Confomance, a governmental unit must publish an easily readable I
and efficiently onjanized comprehensive Annual Financial Report, whose contents confom to industry standards.
Such reports must satisfy both generally accepted accounting principles and applicable legal requirements.
I I
ACCOUNTING REPORT This report has been prepared in confortnity with generally accepted accounting principles and is pre-sented to conform with Statement 1, "Covernmental Accounting and Financial Reporting Principles", re-leased March 1979 by the National Council on Governmental Accounting.
This comprehensive annual finan-cial report covers all funds and account groups of the City; it includes appropriate combined and com-bining statements with accompanying notes, schedules and statistical tables deemed necessary to give an 3 i accurate financial status of this City while complying with all legal provisions and determining fairly gI with full disclosure the financial position and results of operations of the City for the fiscal year E
ending June 30, 1981.
ACCOUNTING SYSTEM The City maintains the Ger.eral, Special Revenue and Debt Service Funds on the modified accrual basis of g
accounting, with revenues being recorded when measurable, available and determinable, and expenses being g
recorded when services or goods are received and the liabilities are incurred.
All other funds are maintained on the accrual basis of accounting.
The City's accounting system includes internal control procedures which provide reasonable assurance that the City's assets are safeguarded against loss from unauthorized use or disposition, adequate records are maintained for preparing financial statements, and maintaining accountability for assets.
The concept of E
reasonable assurance recognizes that the cost of control cannot exceed the benefit derived and the eval-3 uation of costs and benefits derived requires estimates and judgements by management.
We believe that the City's internal control procedures adequately safeguard assets and provide reasonable assuranca of proper recording of financial transactions.
THE REPORTING ENTITY AND ITS SERVICES All the funds related to the City of Riverside included in this comprehensive Annual Financial Report are controlled by the City.
Determination of this control is determined by our City Charter, Articles of g
Incorporation and the Controller of the State of California.
The criteria deals with existence as an E
organizated entity, governmental character and substantial autonomy.
Based on these criteria, the various funds and account groups, being all the fund and account groups of the City as shown in the table of contents, are included in this report.
The Redevelopment Agency of the City of Riverside, whose Board of Directors is also the City Council, has i
been established through the State of California as a separate entity.
Therefore, the Financial State-ments of the Redevelopment Agency of the City of Riverside are not included in this report.
I
I GENERAL GOVERNMENTAL FUNCTION Revenue for general governmental functions totaled $52,913,057, en increase of 5.5% over 1980. General I
prooerty taxes produced 8.7% of general revenue compared to 8.6% last year.
The amount of revenue from various sources and the increase or decrease over last year are shown in the following tabulation:
Revenue Amount Percent Increase (Decrease)
I Sources (Thousands)
Of Total Over 1980 (Thousands)
I Property taxes
$4,610 8.71%
$302 Other taxes 16,243 30.70 745 Special assessment levied 6
0.01 6
Licenses and permits 2,193 4.14 70 I
Fines and forfeitures 1,176 2.22 17 Use of money 1,824 3.45 (347)
Intergovernmental revenue 17,045 32.22 (1,217)
I Charges for services 1,472 2.78 337 Utility contributions 5,462 10.32 316 Miscellaneous revenues 2,882 5.45 2,530
$52,913 100.00%
$2,759 The City's revenues increased approximately $2,759,000, a 5.5% increase over the prior year.
This increase can be attributed to non-recurring revenues, such as $1,300,000 sale of land to be used for new parking faci-I lities, and a $1,000,000 note from the State Energy Commission for street light conversion.
Less grants were received, causing a reduction of $1,217,0C40 to be spent for capital projects.
Cash balances are lower than in prior year reflecting a reduction of $347,000 in interest income.
All other revenues increased slightly, but at a lower rate than the inflation rate.
Overall, the Governmental Funds revenue growth rate is stagnate with I
no prospects of any large increase in the coming year.
Assessed Valuations of $762 million represents an increase of 11.1% over the preceding year.
The assessed I
value at July 1, 1981 relating to the 1981-82 fiscal year is $843 million, an increase of 10.6% over the assessed value at July 1, 1980.
I Current Tax Collections of $4,050,604 represent 15.1% of the maxiet:m tax rate of $4 on the total assessed valuation of the City of Riverside.
The current tax collection of $559,027 is the amount collected for debt service requirements for General Obligation Bonds approved prior to the latest legislative action approved by the voters in June 1978, which represents a $.08 tax rate.
Because the City, by law, is no longer permitted to set a tax rate other than the debt service rate and is receiving only a percentage of the taxes collected by the County of Riverside, it no longer can compute the percentage of tax collected to the amount levied.
iii I
Expenditures for general govermental functions totaled $56,318,726, an increase of 20.9% over 1979-80. The increases in levels of expenditures for major functions of the City over the preceding year are shown in the following tab;1ation:
I Capital Increase Current Projects Total Percentage (Decrease) g Function (Thousands)
(Thousands)
(Thousands)
,0f Total Over 1980 g
General govermental
$5,970
$ 212
$ 6,182 11.0%
$1,194 Public safety 19,879 624 20,503 36.4 1,692 Highways and streets 8,082 6,097 14,179 25.2 3,888 Culture and recreation 10,522 2,487 13,009 23.1 1,261 1,6'/2 2.9 1,672 Lease payments 1,672 Debt service 774 774 1.4 34
$46,899
$9,420
$56,319 10iF6%
59,741 The overall general govermental expenditures for the City increased approximately $9,741,000 over the prior year. This increase of 20% can be attributed to an increase of $3,888,000 in Street and Highway expenditures.
Public Safety and Culture and Recreation increased approximately $1,692,000 and $1,261,000 respectively and there was an increase of approximately $1,672,000 in Lease Payments.
The undesignated fund balances in major operating funds were maintained at adequate levels. The undesignated fund balance in the General Fund of $1,335,033 was down $1,361,967 from last year.
Special Gas Tax unde-signated fund balance of $347,927 was up $81,173 from last year, and the Stonn Drain undesignated fund balance of $405,823 was up $212,442 from the preceding year.
Capital Project undesignated fund balance of $286,673 was up $269,469 from last year.
DEBT ADMINISTRATION The June 30, 1981 ratio of net bonded debt to assessed valuation and bonded debt per capita are useful indi-g cators of the City's debt position to municipal management, investors and is reflected as follows:
g Ratio of Debt To Assessed Debt per Value Capita Net direct bond debt
$ 3,035,000
.0034%
$ 17.76 E
Overlapping Debt 37,823,174
.0419%
221.35 E
Net Directing & Overlapping
$40,858,174
.0453%
$239.11 iv I
I ACCOUNTING REPORT This report has been prepared in conformity with generally accepted accounting principies and is pre-sented to conform with Statement 1, " Governmental Accounting and Financial Reporting Principles", re-leased March 1979 by the National Council on Governmental Accounting.
This comprehensive annual finan-cial report covers all funds and account groups of the City; it includes apptcpriate combined and com-bining statements with accompanying notes, schedules and statistical tables deemed necessary to give an g
accurate financial status of this City while complying with all legal provisions and determining fairly g
with full disclosure the financial position and results of operations of the City for the fiscal year ending June 30, 1981.
ACCOUNTING SYSTEM The City maintains the General, Special Revenue and Debt Service Funds on the modified accrual basis of g/
accounting, with revenues being recorded when measurable, available and determinable, and expenses being gi recorded when services or goods are received and the liabilities are incurred.
All other funds are maintained on the accrual basis of accounting.
The City's accounting system includes internal control procedures which provide reasonable assurance that the City's assets are safeguarded against loss from unauthorized use or disposition, adequate records are maintained for preparing financial statements, and maintaining accountability for assets. The concept of E
reasonable assurance recognizes that the cost of control cannot exceed the benefit derived and the eval-g uation of costs and benefits derived requires estimates and judgements by management.
We believe that the City's internal control procedures adequately safeguard assets and provide reasonable assurance of proper recording of financial transactions.
THE REPORTING ENTITY AND ITS SERVICES All the funds related to the City of Riverside included in this comprehensive Annual Financial Report are controlled by the City.
Determination of this control is determined by our City Charter, Articles of Incorporation and the Controller of the State of California.
The criteria deals with existence as an organizated entity, governmental character and substantial autonomy.
Based on these criteria, the various funds and account groups, being all the fund and account groups of the City as shown in the table of contents, are included in this report.
The Redevelopment Agency of the City of Riverside, whose Board of Directors is also the City Council, has been established through the State of California as a separate entity. Therefore, the Financial State-ments of the Redevelopment Agency of the City of Riverside are not included in this report.
ii I
I Expenditures for general governmental functions totaled $56,318,726, an increase of 20.9% over 1979-80. The increases in levels of expenditures for major functions of the City over the preceding year are shown in the following tabulation:
I Capital Increase Current Projects Total Percentage (Decrease) g Function (Thousands)
(Thousands)
(Thousands)
Of Total Over 1980 g
General governmental
$5,970
$ 212
$ 6,182 11.0%
$1,194 Public safety 19,879 624 20,503 36.4 1,692 Highways and streets 8,0 82 6,097 14,179 25.2 3,888 Culture and recreation 10,522 2,487 13,009 23.1 1,261 1,672 2.9 1,672 Lease payments 1,672 Debt service 774 774 1.4 34
$46,899
$9,420
$56,319 10Ti 6%
$9,741 The overall general governmental expenditures for the City increased approximately $9,741,000 over the prior year. This increase of 20% can be attributed to an increase of $3,888,000 in Street and Highway expenditures.
Public Safety and Culture and Recreation increased approximately $1,692,000 and $1,261,000 respectively and there was an increase of approximately $1,672,000 in Lease Payments.
The undesignated fund balances in major operating funds were maintained at adequate levels. The undesignated fund balance in the General Fund of $1,335,033 was down $1,361,967 from last year.
Special Gas Tax unde-signated fund balan.;e of $347,927 was up $81,173 from last year, and the Stonn Drain undesignated fund balance of $405,823 was up $212.442 from the preceding year.
Capital Project undesignated fund balance of $286,673 was up $269,469 from last year.
DEBT ADMINISTRATION The June 30, 1981 ratio of net bonded debt to assessed valuation and bonded debt per capita are useful indi-g cators of the City's debt position to municipal management, investors and is reflected as follows:
3 Ratio of Debt To Assessed Debt per Value Capita Net direct bond debt
$ 3,035,000
.0034%
$ 17.76 E
Overbpping Debt 37,823,174
.0419%
221.35 3
Net Directing & Overlapping
$40,858,174
.0453%
$239.11 iv I
I I
Outstanding general obligation bonds at June 30, 1981 totaled $3,035,000.
During the past year $630,000 of general obligation bonds were retired.
The City does not have any unissued General Obligation bonds as of June 30, 1981. The City's current Moody rating for General Obligation Bonds is Aa.
Cash temporarily idle during the year was invested in time deposits rangina from 1 to 365 days to naturity, federal agency securities ranging from 180 days to 27 years to naturity, and bankers acceptances ranging from I
30 to 216 days to naturity.
During the year, the City's cash resources were divided between demand deposits and investments as follows:
in demand deposits 24.9%; in bank time deposits 24.2%; in federal agencies 22.5%;
in bankers acceptances 26.3%; and in commercial paper 2.1%.
The average yield on cash available for invest-ments during the year was 13.8%, and the amount of interest received was $8,431,507.
The latter amount was I
$3,868,895 more than interest earned for the prior year.
A comparison of temporarily idle cash funds invested during the past four years is shown in the following tabulation:
1980-81 1979-80 1978-79 1977-78 Cash on deposit (1)
$60,984,239
$41,337,065
$42,362,709
$29,624,058 Cash invested (1) 62,615,749 42,648,039 43,393,327 30,400,001 I
Percentage invested 102.7%
103.2%
102.4%
102.6%
Interest income 8,431,507 4,562,612 3,723,481 2,101,303 Average yield on 13.8%
11.04%
8.79%
7.09%
I cash available for investment (1) Average daily balance CAPITAL PROJECTS FUNDS Capital Outlay, Stonn Drain, and Transportation Project Funds are used to account for street and highway capital project expendi tu res.
It is not the policy of the City to capitalize street related projects.
A report of street expenditures is required to be filed with the State Controllers Office annually.
Special Capital Improvement funds are used for park capital improvements.
The City records the prior years' park capital project expenditures as increases to general fixed assets.
The Fire Bond Construction Fund is used solely for the acquisition of fire protection capital improvements.
The expenditures are also recorded as general fixed assets.
The following tabulation shows current year expenditures for each capital project fund:
E v.
I
Fund Amount Capital Outfay
$2,347,820 Special Capital Improvement 495,572 Storm Orain 617,234 Fire Bond 27,205 Transportation Project 335,150 TOTAL
$3,822,981 GENERAL FIXED ASSETS The general fixed assets of the City are those assets used in the performance of general functions and exclude fixed assets of the enterprise funds.
It also excludes the capitalization of all street and highway related capital improvements.
As of June 30, 1981, the general fixed assets of the City totaled $59,423,864.
This amount represents the original cost of the assets and is considerably less than their present value.
De-preciation of general fixed assets is not recognized in the City's accounting system.
ENTERPRISE FUNDS Electric Fund.
The City's Electric System experienced a 24.7% increase in gross income during the year.
This increase in gross income resulted from an increase in fuel surcharges of $8.6 million, paid to Southern Cali-fornia Edison, which was passed on to the consumer, and a 4.7% increase in new accounts.
1980-81 1979-80 Gross income
$71,694,625
$57,519,511 Net income 3,028,175 1,235,407 Income available for debt service 10,611,171 7,790,115 Debt service requirements 1,393,955 1,812,433 E
Coverage (income available for E
debt service divided by annual debt service) 7.6 4.3 Matured bonds retired 9,170,000 1,300,000 Debt Service reserves of $23,391,388 fully meet bond requirements.
Capital additions to the Electric System totaling $59,039,274 were financed from revenue and bond funds.
On October 1, 1980, the City sold $89,073,000 of revenue bonds for participation in the San Onofre Nuclear Generating Project, and bond refunding.
The E
City's current Moody rating for Electric Revenue Bonds is Aa.
E Water Fund.
The City's Water System experienced a 6.4% increase in gross income during the year, of which a
9.17% was due to an increase in consumption.
Comparative data of the last two fiscal years is presented in g
the following tabulation:
vi.
I
I 1980-81 1979-80 I
Gross income
$12,752,078
$11,977,709 Net income 1,843,654 2,443,406 Income available for debt service 6,379,907 6,717,120 Debt service requirements 2,760,671 2,811,822 I
Coverage (income available for debt service divided by annual debt service) 2.3 2.4 Matured bonds retired 940,000 935,000 Debt service reserves of $3,239,182 fully meet bond requirements.
The City's current Moody rating for water revenue bonds is A1.
The water system capital addition of $8,874,319 during the year was financed from cur-rent revenue and bond funds.
Airport Fund.
The gross income of the Airport decreased 15% over the previous year.
Comparative data for the last two years is presented in the following tabulation:
I 1980-81 1979-80 Gross income
$227,945
$268,209 I
Net income or (deficit) 149,568 483,571 Contribution from general fund 209,054 534,310 Federal (FAA) and State (CAAP)
I Grants (for construction purposes only) 5,000 77,064 Refuse Fund.
The gross income of the City's Refuse Collection and Disposal System increased 17.9% over the I
previous fiscal year.
Comparative data for the last two fiscal years is presented in the following tabula-tion:
1980-81 1979-80 Gross income
$5,606,072
$4,731,612 Net income 315,973 307,878 Sewer Fund.
The gross income of the City's Sewage System increased 101% over the previous year.
Comparative data for the last two years is presented in the following tabulation:
I I
vii.
I
I 1980-81 1979-80 Gross income
$6,911,388
$3,434,130 Net income 3,871,415 718,623 Income available from debt service 4,673,230 1,750,543 Debt service requirements 365,874 346,609 Coverage (income available from debt service divided by annual Debt Service) 12.8 5.1 Matured bonds retired 150,000 120,000 Debt service reserves of $623,353 fully meet bond requirements.
The City's current Moody rating is Al for nwer revenue bonds.
Transportation Fund is being presented in this financial report in accordance with the State Controller's Uniform System of Accounts for Transit Operators.
ACKNOWLEDGEMENTS y
The preparation of this report could not be accomplished without the efficient and dedicated services of the entire staff of the Finance Department.
Accounting Manager William Hansen and a fine staff of capable accoun-g tants led by Principal Accountant George Swartz made this financial presentation possible.
We should also E
like to thank members of the City Council for their interest and support in planning and conducting the finan-cial operations of the City in a responsible and progressive manner.
Respectfully submitted, S.
~m H. E. Brewer Finance Director d1. GLW E
Douglas G. Weiford g City Manager 18/Ap viii.
I
I I
Certificate l
Of the Municipa, rinance Of, ice,s A,sociation of the united states and Canada (M O F A) awarded a Certificate of Con f orman in Financial for our Annua, ce QQfQ{Q3p{g Reporting to the City of Riverside Financial Report for the fiscal year ended aune 30 1978.
I in Financial in o,de, te se aw.,
d a Ce,tificate of C-fo,m - e. a ve, - nt.,
unit must publish an easily readable and ef ficiently organized com-RePO prehensive Annual Financial Report. whose contents conform to indus t ry standards, such reports must satisfy both generally accepted I
=
accounting principles and applicable legal requirements.
Te n o
A Cer tificate of Conformance is valid for a period of three years subject to two Annual Reviews. Our Annual Financial Repor t for the C,tyof i
fiscai year ee
- d aune 30 i9so succe,sfuiiy passed its reouired I
R.IVerside, Cal.fOrnia Annual Review.
We believe our current report continues to conform i
to Certificato of Conformance progran requirements.
For its Comprehensive Annual I
Financial Report for the FiscalYear Ended June 30,1980 A Certdute of Conformance in Financ6al Reportmg is prewnted by the Municipal Finance Officers Awortarkm of the United States and Canada to gewemmental units and publir employee retirement systems whnw compreheneve I
annual llnancial reports (CAIR's) are pdged to substantially conform in program standards k
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Executive Deector I
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I CITY CLinst CIT V MANAGE R CITY ATTORNE V ASST.CITV M ANAGER C OMu uMI T V l
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- ore R Af TON 5 ANALYSIS
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PUOLIC works PUBLIC SEnveCE PUBLeC UTILIIIES LtDR AR Y P A rs A & A r C R f A f tOF8 AsswoM T DrPARTMENT DEP A R T ME N T DEPARTMENT DrPARTM(NT LTPARTMENT DE PAR T ME P.(
- CITY ENGINEE RING
- BUILDING M AIN TENANCE
- RE ADE R 5t RVtCES
- OPER AT4oNS
- T R Ar rlC ENGINE E RING
- CoMuuN4C A IIONS
- f Lf C T RIC
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- WATER
- PARK 5
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CES LEGISLATIVE OFFICIALS DEPARTMENT HEADS City MaHager*
. Mayor Douglas G. Welford Ab Brown
............... Clty Clerk)
I Ed Shepard Councilman - Ward i Allce A. Hare..........
Ronald Loverid e 9
Councilman - Ward 2 John H. Woodhead.
City Attorney
- Finance Director / City ContrDller. City Treasurer Jean Hansfield Councilman - Ward 3 Harold E. Brewer.
Personnel Director Councilman - Ward le Vacant.
Robert E. Bowers
... Planning Director Councilman - Ward 5 Herle C. Cardner..
Kobert A. Buster.
I Sam Digatl...
Chief of Police Councilman - Ward 6 Victor E. Jones Fire Chief Councilman - Ward 7 Richard J. Bosted Terry Frizzel..
. tuseinn Director Raul A. Lopez Public Works Director and City Engineer Robert C. Wales
. Public Service Director and Superintendent of Streets Vacant.
I Public Utilities Director Everett C. Ross..
Linoa Woods Library Director Louis Hernander....
Park and Recreation Director
.....Altport Director Nurray Dywater.
? Appointed by Ci ty Council xi I
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THOMAS. BYRNE & SMITH AN ACCOUNTANCY CORPORATION I
CERIEIEO PUBLIC ACCOUNT ANT $
November 18 1988 conee L #W f P A 4 4
<>.aes Saese o n.<we.er e c e a a.
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The City Council City of Riverside 3900 Main Street I
Riverside. California 92522 1.adies and Centlemen:
I We have examined the financial statements of the vatious funds and account groups of the City of Riverside for the year ended June 30 198I. as se flected in the accompanying pages 2 t hrough 20.
Our examination was made in accordance with groerally accepted auditing standards and, accordingly, included such tests of the accountin:3 records and such other auditing procedures as ve considered necessary in the circumstances.
in our opinion, the accompanying financial statements present fairir the financial position of the various funds and account groups of the City of Riverside at.htne 30. 1981, and the results of operations of such funds and I
the changes la financial position of the Proprietary and Nonexpendable Trust Funds for the year then ended in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year.
The accompanying supplemental schedules and related information presented on I
pages 21 through 47 are not necessary for a fair presentation of the financial statements. but are presented as additional analytical data. This information has been subjected to the tests and other auditing procedures applied in the examination of the aforementioned financial stacement s and. In our opinion, is f airly stat ed in all material respects in relation to the financial I
statement s taken as a whole. The scog,e of our examination did not include statistical information on pages 49 through 60. and we do not express an opinion concerning it.
Respect fully submitted.
I THOMAS. BYRNE & SMITH An Acco ntancy Cor ration l
I By:
D. Richard [ yrne Certified Public Accountant I
I I
i I
City of Riverside I
COMBINED FINANCIAL STATEMENTS Descriptions of the funds and account groups shown on the following financial statements are as follows:
Governmental Funds 1.
General Fund - to account for all unrestricted resources except those required to be accounted for in another fund.
2.
52ecial Revenue Funds - to account for the proceeds of speci fic revenue sources that are restricted by law or administrative action to expenditures for specified purpcses, 3.
Capi tal Projects Funds - to account for financial resources segregated for the acquisition of major capital fccilities.
4 Debt Service Fund - to account for the accumulation of resources for the payment of interest and principal on general long term debt.
5.
Special Assessment Fund - to occount for the financing of pubile improvements or services deemed to benefit the properties against which special assessments are levied.
Proprietary Funds 6.
Enterprise Funds - to account for operations that are financed and operated in a manner similar to private business enterprises - where the stated Intent is that the costs (expenses, including deprecia-I tion) of providinj goods or services to the general public on a continuing basis be financed or recovered primarily through user charges - or where periodic determination of revenues ear; ed, expenses incurred, and/or net income is deemed appropriate for a capital maintenance, public policy, management control, accountabili ty, or other purposes.
7.
Internal Service Funds - to account for the financing of goods or services provided by one department to other departments on a cost reimbursement basis.
Fiduciary Funds - to account for assets held by the City of Riverside as a trustee or agent for individuals, private organization, and/or other governmental units. This includes nonexpendable trust funds.
Account Groups - are used to establish accounting control and accountability for the city's general fixed assets, the unmatured principal of the general obilgation long term debt, and long term lease obilgations.
I Ci ty of Alverside Emhibit I page 1 of 2 COM8tNED 6ALANCE SetEET ALL FUND TYPES AND ACCOUNT GAouPS June 30, 1981 Total Fiduciary Account Groups MemoraaAma Gily Goverrm antal Fund Types Proprietary Fund Types Fund Types General General Special Debt Capital Special laternal Trust and Timed Long Term
,bne 30 June 30, ASSETS General Revenue Service Projects Assecsments Enterprise jervices Agency Assets Debt 1981 1980 Cash
$ 4,879,648 $2.210,945 $325,717 $3,077,217 $(2,735) $ 55,275,029 8 74,905 $1,066,,824 $
- $ 66,907,550 $ %,726,158 5 Cash =lth fiscal agent 16,947 2,929.274 77,516 3,023,739 952,43I Investments =lth fiscal agent 6,077,246 526.104 6,603,350 591,185 Property tases receivable 75,425 15,736 5,365 1,119 97,645 15.340 Accov'ts receivable 1,040,661 403,241 478,518 7,958,398 1,045,098 10,918,916 8,221,664 Allo-ence for estimated uncollectible (124,620)
(2,734)
(178,133)
(35,987)
(341,474)
(536,332)
Special assessments receivable 62 13.015 6,835 19,912 20,712 Interest receiv Ale 189,708 52,351 24,396 976,494 27.700 38,896 1,33,545 976,535 laterfund loans receivable 660,061 755,163 8,415,224 I,403,968 Ove from other governments 1,727,257 3,918,719 2,528,554 334 7,181.147 41,597 15,397,588 28,667,633 Central stores inventory of supplies 2,421.249 2,421,249 2,263,891 Prepaid expenses 950,772 247,644 1,198,416
%2,278 Land 9,8J.920 II,806,096 21,695,016 21,034,675 sulldings and improvements 21,274,631 29.201,222 50,475,853 40,433.593 Accumulated depreciation (4,215,820)
(4,215,820)
(3,793,682)
Improvww.ots other than buildings 127,962,645 6,660,7%
134,623,396 126,638,580 Accumul, ted depreci ation (38,045,510)
(38,045,510) (34,830,280)
Machinery and equipment 6,936,915 276,43/
11,755,800 18,969,152 16,116.492 Accumulated depreciation (4,028,131)
(209,570)
(4,237,701)
(3,768,313)
Construction in progress 82,758,349 82,758,349 16.I28,767 Amount available in debt service fund
=
=
334,482 334,482 495.439 Amount to be provided for retirement of:
General long term debt 2,700,518 2,700,518 3,163,56l Long term lease obilgations 25,585,000 25,585,000 26.120,000 Equipment lease purchase contract 432,325 432,325 M2,316 TOTAL ASSETS
$ 9.198.9 74 $6.600.992 M $6.107.070 M $281.754.096 $1.718.947 $1.611.824 $ 59.421.864 $ 29.052.125 $ 400.046.715 $295.912.611 m I
I I
The accompanyin; notes are an integral part of this statement.
I 2
I City of Rivsrside E dibit i Page 2 of 2 COMBINED BALANCE SHEET ALL FUND TVPES AND ACCOUNT GROUPS June 30.1981 I
Total Fiduciary Account Groups hemorardum Only Goverrwaental Fund TyMS Proprietary Fund Types Fund Types General General Special Debt Capital Special Internal Trust and Fined Long Term June 30 June 30 LI A8ILITIES AND FUND fQUliy General Revenue service Projects Assessments Enterprise Services Agency Assets Debt 1991 9980 I
t, labilities:
Accounts payable 1.351.581 216.107 13.547 255.764 16.723,337 306,396 3(..h7 18.903.609 12.149.354 cont.ects payable 2.183.038 432.325 2.615.363 2.254.c60 Notes payable 5.700.000 5.700.000 I
Accrued liabilities interfund loans payable 616.801 43.2 0 755.563 3.415.224 1.403.968 Due to other governments 46.393 4. 39 3
%.106 957.099 73.029 M6.207 30.393 1.029.927 2.556.655 2.177.9 %
Revenue bonds payable
- ' 123.900.000 565.000 124.% 5.000 45.735.000 General obllption bonds payable 3.035.000 3.035.000 3.665.000 I
~
338.000 25.585.'m 25.923.000 26.478.000 Long term lease obilgations TOTAL LIA81LITIES 2.355.073 905.937 13.547 255.764 149.353.822 1.091.952 1.631.824,_
_29.052,325 184.660.2 %
_,,,2}.90 7.432 Fund Equity:
Investments in generet fired assets
'9,423.864 59.423.864 55.204.435 I
Petained earnings:
Cetributed capital and grants 60.791.888 60.791.888 57.999.232 Reserved for revenue bond retiru4nts 27.253,923 27.253.923 5.195.923 Unreserved M.354.M3 2.626,995 48.981.458 61.379.136 Fund balance:
I Unreserved:
Reserved for prepaid expenses 950.772 950.772 31.940 Reserved for encumbrances 906.166 1.198.373 2.104.539 1.0 %.205 Designated for specific capital projects and programs 3.826.930 3.952,340 4.622.569 10.594 12.412.433 15.772,710 Designated for debt service 334.482 I
334,482 495.439 Designated for feture contingencies 5.000 240.420 265.420 335.583 Undesignated 1.335.033 5% 342 988.3t7 2.867.692 4.564.576 TOTAL FUND EQUITY 7.043.901 5.695.055 334.482 5.851.1 1 10.594 134.400.274 2.626.995 59.423.864 215.386.47 202.025.179 TOTAL LIABILiflES AND FUMD IQUliy 1 9.198.974 56.600.992 g 16.107.070 M 5281.754.096 11.718.947 31.611.824 g g $29.052.125 5400.04.715 $295.912.6f t I
g
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I 3
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I City of Riverside Emhibit 2 COM8INED STATEMENT OF REVENUES. EXPENDITURES AND CHANGES IN FUND BALANCES ALL GOVERNMENTAL FUND TYPES I
For fte Fiscal year Ended June 30. 1988 Total (Memorande Chl y)
Government al Fund Types year E n de d I
Special Debt Capital Special June 30 June 30 General Revenue Se rvice Projects Assessment J81 1980 Revenues:
Property taxes
$ 3.158.419 825.052 559.027 57,517 86.6 6 $ 4,609.631
$ 4.308.538 other taxes 16.243.312 16.243.312 15.498.055 5.962 5.%2 Spectat assessments levied Licenses and permits f.570,8%
621.874 2.192.720 2.123.064 Fines and forfelts 263,919 918.525 1.175.4 4 1.158.549 Use of money 1.296.629 385,292 141,779 1.823.700 2.171.480 I
Intergovernmental revenues 5.525.245 10.089.949 54.158 f.374.908 1.556 17.045.816 18,262.101 Charges for service 1.435,838 36.012 f.471.850 1.135.2C9 utility contributions 5.%2.347 5.%2.347 5.145.% 3 Hiscellaneous revenues 2.658.275 231.000 2.882.275 352.110 Total Revenues 37.600.830 12.247.830 613.185 2.427.078 24.134 52.913.057 50.154.499 Expenditures:
Current:
General governw nt 4,377,938 1.591.751 5.969,689 4.975.457 Public safety 17.224.618 2,654.108 19.878.726 17,886.458 Highways and streets 6,214.II3 1.868,153 8.082.266 5.952,848 Culture and retreation 6.565.518 3,929.735 26,614 10.521.867 8,601.567 Lease payments 1.612.200 1,672,200 Capital outlay 2.742.013 2.841.545 3,822.981 13,297 9.419.836 8,597.136 I
Debt service:
Principal retirement 630.000 630,000 575,000 Interest 144.142 144.142 165.143 Total Expenditures 38.796.400 12.885.292 774.142 3.822.981 39.911
$6.318.726 46.753.609 Excess nevenue Over (Under) Expenditures (1.195.570)
(637 %2)
(160.957)
(1.395.903)
(15.777)
(3.405.669) 3.400.890 Other Financing Sources (Uses):
Operating transfer in 330.608 484,992 21.390 20,675 857.665 1.I41.049 opereting transfer out (763.111)
(763.111)
(1.073.960)
Total Other Financing Sources (Uses)
(Is32.503) 484.992 21.390 20.675 94.554 67.089 I
Excess of Revenues and Other Sources Over (Under)
Expenditures and other Uses (1,628,073)
(152.470)
(160.957)
(f.374.513) 4.898 (3.3fl.IIS) 3.%7.979 Ft.nd salance - July 1 8.671.974 5.847.525 495.439 7.225.819 5.696 22.2 %,451 18.778.474 4
Fund Balance - June 30
$ 7.041.901
$ 5.695.055 114.482
$ 5.851.106 10.594
$18.415.118
$ 22.2 %.45 3 The accompanying notes are en Integral part of this statement.
e d
I City of Riverside Exhibit 3 COMBINED STATf MENT OF REVENUE, EXPENDITURES AND CHAhCES IN FUND 8ALANCES Page I of 2 BUDGET AND ACTUAL GENERAL, SPECI AL REVENUE, DE8T SERvlCE AND CAPITAL PROJECTS FUND TYPES For the Fiscal Year Ended June 30, 1981 General SpecIal Revenue Variance variance Favorable Favorable Budge t Actual (Unfavorable)
Budget Actual (Unfavorable)
Revenues:
Property Taxes
$ 2,792,386
$ 3,151,419 359,033 717,848 825,052 107.204 other taxes 17,518,800 16,243,312 (1,275,488)
Licenses and permits 1,399,990 1.570,846 170,856 Fines and forfeits 225,000 263,919 38,919 911,525 918.525 Use of money 1,285,700 1,296.629 10,929 102,000 385,292 283,292 Intergovernmental revenues 4,804,243 5,525,245 721,002 10,173.562 10,089.949 (83,613)
Charges for service 1,471,185 1,435,838 (35,397) 30,500 36,012 5,512 Utility contributions 5,462,347 5,462.347 Miscellaneous revenues 2.320,462 2.651.25 330,813 500 (500)
Total Revenues 37,280.113 37.600,830 320.717 11.935.935 12,247.830 311.895 Expenditures:
Current:
General government 5,241,661 4,377,938 863,723 2,380,645 1,591,751 788,894 Public safety 17.368,939 17,224,618 144,321 2,654.108 2.654.108 Highways and streets 6,692,689 6,214,113 478,576 1,868.153 1,868,153 Culture and recreation 6,901,399 6.565,518 335,881 4.028,345 3,929,735 98,630 Lease payments 1,672,200 1,672,200 Capital outlay 7.598,277 2,742,013 4,856,264 7,243,072 2,841,545 4,401,527 Debt services:
Principal retirement Interest Total empenditures 45.475.165 38.796.400 6.678.765 18.174 E 12.885.292 5.289.031 Excess Revenues Over (Under) Expenditures (8.195.052)
(1.195.570) 6.999.482 (6,238,388)
(637.462) 5.600,926 Other Financing Sources (Uses):
Operating transfer in 330,608 330,608 484,992 484,992 Operating transfer out (768.536)
(763.111) 5.425 Total Other Financing Sources (Uses)
(437,928)
(432.503) 5.4_2J 484,992 484,992 Excess of Revenues Over (Under) Expenditures and Other uses (8,632,980)
(1 G28,073) 7,004,907 (5,753,396)
(152,90) 5,600,926 Fund Balance - July 1 8,671,971 8.671,974 5.847.525 5.847,525 Tund Balance - June 30 18.994
$ 7.043.901
$ 7.004.907 S
94 3 $ S.695.055 S 5.600.926 The accompanying notes are an Integral part of this statement.
6
City of Riverside Enhltilt 3 COM81NE0 STATENENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCES Page 2 of 2 BUDGET AND ACTUAL CENERAL, SPECI AL REVENUE, DEST SERVICE, AND CAPITAL PROJECTS FUND TYPES I
For the Fiscal Year Ended June 30, 1981 Total Debt Service Capltal Projects (Memorandum Only) variance variance Voriance I
Favorable Favorable Favorable Budget Actual (Unfavorable)
Budget Actual (Un'avorable)
Budget Actual (Unfavorable)
$ 538,633 559,027 20,394 50,068 57,517 7,%9
$ 4,098,935
$ 4.593,015 494,0S0 17,518,800 16,243,312 (1,275,488) 798,500 621,874 (176,626) 2,198,490 2,192,720 (5,770) 1,136,525 1,175, % 4 38,919 35.650 141,779 106.129 f,423,350 1,823.700 a,00,35o 71,375 54,158 (17,217) t,870 tBo 1,374,908 (495,272) 16,919,360 17,0 %,260 124,900 I
1,501,685 I,471,850 (29,835) 5,462.347 5,462,347 130.002 231.000 100,998 2.450.964 2.882.275 431.311 610.008 613.185,
3.177 2.884.400 2.427.0/8 (457.322) 52.710.456 52.888.923 178.467 7,622,306 5, % 9,689 1,652.617 20,023,047 19,878,726 1 %,321 I
10,929.7 %
10,495,253 434,491 8,560,842 8,082,266 478,576 1,672,200 1,672,200 9,326,188 3,822,98 5,503,207 24,167,537 9,406,539 14,760,998 630,000 630,000 630,000 630,000 1 % 142 1 %.142 1 %.142 1 4.142 774.142 774.142 9.326.188 3.822.981 5.503.207 73.749.818 56.278.815 17.471.003 (164.134)
(160.957) 3.177 (6.%f.788)
(1.395.903) 5.045.885 (21.039.362)
(3.389.892) 17.649.470 21,390 21.390 836,990 836,990 (768.536)
(763.181) 5.425 21.390 21.390 68.454 73.879 5.425 (164,134)
(160,957) 3,177 (6,420,398)
(t.374,513) 5,045,885 (20,970,908)
(3,316,013) 17,6r8 895 495.439 495.439 7.225.819 7.225.819 22.240.757 22.240.757 9
111.105 334.482 9
1.177 805.421 3 5.851.306
$ 5.045.885
$ 1.269.849
$18.924.7%
$17.654.895 I
The accanpanying notes are an integral part of this statement.
7 I
I City of Riverside fahlblt 4 COMBINED STATEMENT OF REVENUES, EEPEN5ES AND CHANGES IN RETAINED EARNING 5/FUNO BALANCE ALL PROPRIETARY FUND TYPES AND $1MILAR TRUST FUNDS For the Fiscal Year Ended June 30, 1981 Total 3
Fiduciary (MemoranJun Only)
Proprietary Fund Types Fund Types voar Ended Enterprise Funos internal Nonexpendable June 30 Asne 30 Electric Water Airport Refuse sewer Transportation Total Services Trust 1981 1980 Operating Revenues Charges f or services
$65.614.011 $10,496.192 $
29,376 $ 5.523.352 $ 3,329.002 $
35.472 $85.027.405 $ 4.847.226 $
$89.874.6 31 $76.437.177 Total Operating Revenues 65.614.011 10,496,13 29.376 5.523.352 3.329,002 35.472 85.027.405 4.847.226 89.874.631 76.437.177 Operating Expenses:
Personal services 4,605,509 3,004.005 1 %,849 1,955.029 1,297.489 233,289 11.240.170 1,049,527 12,289,697 9,864,421 Contractual services 778,036 101,434 18,369 1,819,838 3,871 1.800 2,723,348 2,723.348 2.307,87 Maintenance and operations 54.992,175 3,029,373 68,190 953,202 677.117 148,957 59,869,014 1.739.586 61.608.600 50,885,764 General office expenses 109.302 27.418 2,882 5.417 6,402 3,908 155,329 3,731 159.040 120,175 Material and supplies 5.500 40,383 2,198 175,239 241,251 49 M 4.620 34.576 499,196 447,352 Insurance 437.732 91.958 14.%)
17,180 12.028 200 573,541 1,865,300 2,438,841 2,157,5 %
Rent / lease payments 155.200 77,600 36.500 269.300 269.300 269.300 Depreclation 2.070.802 1,655,952
%.171 353.867 478.117 53.986 4.651,825 14.284 4.666.109 4,054,348 Total Operating Expenses 63,154.256 8.028,123 333.602 5.279,772 2.709.275 442.119 79.947.147 4.706.984 84,654,131 70,106.795 Operating income 2.459,755 2.M8.069 (304,226) 243.580 619,727 (406.647) 5.080.258 140.242 5,220.500 6,330.382 Nonoperating Revenues (Expenses):
Operating grants 5,000 77.866 1,412,490 236.562 1,731,938 1,731,918 940,156 Interest revenue 5,856,056 1,867,010 433,194 22.498 8.178.758 261.654 24,200 8,% 4,612 2,807,504 Sundry 224,558 388,876 11 4.854 29,965 648.264 155,093 803,357 1.309,312 Rent 193.558 193.558 193,558 163.023 Connection fees 1.706,737 1,706,737 1,706,737 M6.076 Interest expenses and ' scal charges (1.100.151) (1.829.997)
(215.872)
(3.1%.020)
(24,200) (3,170,220) (2 '%,854)
General fund contributions (4,412,043) (1,050,304)
(5.M2,347)
(5,%2,347) (5,I%,463)
Allocations to contributed capital and grants M.171 166,674 53.916 266,761 266,761 139,582 Total Nonoperating Revenues (Expenses) 568.420 (624.415) 2 %,740 82,720 3.533.188 3 2.976 4.117,629 416.747 4.534.376 (1.984,664) income Before Operating Transfers 3,028,175 s,843.654 (59,486) 326.300 4,152.915 (93,671) 9,197.887 556.989 9.754.876 4.345,718 operating transfer in (out) 209.054 (10.327)
(281.500)
(82,773)
(11.781)
(94,554)
(67.089)
Net income 3,028,175 1,843,654 149.568 315,973 3,871,415 (93,671) 9,115.114 545.208 9.660.322 4,278.629 E
Retained Earnings / Fund Balance July 1 31,199.932 19.556.693 552.851 1.017.173 12.056,585 110.038 64.493.272 2.081.787 66.575.053 62.296.430 Retained Earnings / Fund Balance June 30
$34.228.107 $21.400.347 $
702.419 $ t.131.1% $15.928.000 5 16.367 $73.608.386 $ 2.626.995 $
$76.235.381 $66.575.059 The accompanying notes are an integral part of this statement.
8
e City of Riv2rside Exhibit 5 COMBINED STATEMENT OF CHANGES IN FINANCI AL POSITION ALL PROPRIETARY FUND TYPES AND NONEXPENDABLE TRUST FUNDS For the Fiscal Year Endea June 30, 1981 Total Fiduciary (Nemorandum Only)
Proprietary Fund Types Fund Types Year Ended Enterpeise funds Internal Nonempendable June 30 June 33, Electric Water Airport Refuse Sewer Transportation Total Services Trust 1981 1990 Sources of Financial Resources:
Operations:
Net increase (decrease) In retained earnings or fund balance during the year (Erhlbit 4)
$ 3,028,175 $ t,843,654 $
149,568 $
315,973 $ 3,871,415 $
(93,671) $ 9,115.114 $
545,208 $
- $ 9,660,322 $ 4,278,629 Espenses not requiring current outlay of I
financial resources:
Depreciation 2,070,802 1,655,952 46,171 353,868 471.117 53,916 4,651,826 14.284 4.666.110 4.054,347 Total Financial Resources From operations 5,098,977 3,499,606 195,739 669,841 4,342,532 (39,755) 13,766,940 559,492 14,326,432 8,332,976 Contributed capital and grants 817,155 1.831,318 (M,171)
(166,674) 357,028 2.792,656 2,792,656 10,184,677 89.070,000 89,070,000 900,000 Bond sale proceeds 89,070,000 Total Sources of Financial I
source:
94,986,132 5,330,924 149,568 669,841 4,175,858 317,273 105,629,596 559,492 _
106.189,088 19,417,653 Uses of Financial Resources:
Acquisition of fixed assets 59,039,274 8,874,319 107,179 t,118,764 15,159,392 202,034 84,500,962 8,618 84,509,580 15,935,813 Retirement of revenue bonds I
payable 9,170,000 940,000 150,000 10.260,000 80,000 3 340,000 2,435,000 Total L%es of Financial Resources 68,209.274 9,814,319 107,179 1,118,764 15,309,392 202.034 94,760,962 8,618 80,000 94,849,580 18,373,813 I
Net increase (Decrease) in Working Capital
$26.776.858 $(4.481.195) $
42.189 3 (448.921) 111.111.514) i 115.219 $10.858.614 $
550.874 $
(80.000) 111.119.508 $ 1.0%.840 Component Elements of Net increase (Decrease) In Working Capital:
Cash
$29.092,340 $(3,503,836) $
321,352 $ (205.270) $ 1,133,247 $
90,798 $26.928,631 $ (3%,788) $
$26,581,843 $(1,019,898)
(8.169) 2,091,050 12,622 2,103,672 228,970 Cash with fiscal agent 2,321,933 (222,714) investments with fiscal agent 217,761 5,859,485 6,077,2 %
(65,081) 6,012.165 (64,240)
Accounts receivable (net) 945,651 (3,527)
(326,1%)
80,t/4 (11,933,955) 23,656 (11,214,147) 811,788 (10,402,359) 2,434,387 I
Central stores inventory of supplies 157,358 157,358 245,291 Prepaid expenses (119,426)
(9,322)
(18,250) 21,804 (125,194)
(37,500)
(162,694)
(182,893)
Interest receivable 531,629 (87,249) 29,632 1,164 475,176 (11,240)
(14,919) 449,017 (6,418)
Accounts payable (6,06),302)
(679,521)
%,662 62,935 (490,731)
I,481 (7,122,476)
(29,195)
(1,151,671)
(592,380)
(358,980) 96,200 36,471 (395,451)
(358,980)
Contracts payable (5,700,000)
No*es payaole (5,700,000)
(5,700,000)
Lease obligation payments 20,000 20,000 20,000 20,000 Accrued liabilities (149,728)
(13,697)
(1,229)
(13.115)
(23.043)
(1,860)
(202,672)
(6,171)
(208,843)
(112,186)
I Net increase (Decrease) In Working Capital
$26.776.858 $(4.481.195) $
42.189 i (448.921) 111.111.514) $
115.219 $10.868.614 $
550.874 1 (80.000) 111.119.508 1 1.0 %.840 The accompanying notes are an integrai part of this statement 9
1
!I I
City of Riverside I
i NOTES TO FINANCI AL STATEMENT r
The following notes are an integral part of this statement.
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City of Riverside NOTES TO FINANCIAL STATEMENTS Fiscal Year Ended June 30, 1981 A.
Summary of financial report presentation:
Financial report presentation.
The City's 1980-81 Financial Repo rt is presented to confonn with Statement 1
" Governmental Accounting and Financial Reporting Principles," released March,1979, by the National Council on Governmental Accounting.
Compliance with American Institute of Certified Public Accountants Statement of Position 77-2, September 1,1977.
I The City has reflected the utility contributions to the General Fund on the statements of revenue, expense and changes to retained earnings in accordance with the Statement of Position.
The contributions were fonnerly reflected in a separate comparative analysis of changes in retained earnings statement.
Accounting records of the City of Riverside are organized on the basis of the eight generic fund types and the two account groups generally used by governmental units.
Descriptions are on divider pages in the statement section of this report.
Memorandum totals.
This report uses memorandum totals on combined statements. The total columns on such state-ments are not comparable to a consolidation; it does not fairly present financial position in conformity with I
generally accepted accounting principles, even if interfund elimination were made.
It is not customary to make such eliminations in the combined statements of governmental units.
Memorandum totals are used for overview purposes only.
Basis of accounting.
The General, Special Revenue and Debt Service Funds are maintained and budgeted on the modified accrual basis of accounting, wherein:
1.
Revenues are recorded as received in cash except:
a.
Revenues which are both measurable and available as a resource to finance operations of the current year are accrued.
b.
Revenues of a material amount not received at the normal time of receipt are accrued or deferred as appropriate.
c.
Examples of revenues accrued:
1.
Property taxes collected by the County of Riverside but not received by the City at June 30, 1981.
2.
Interest earned on investments.
11
3 Govermental grants.
4.
Known revenues collected by other governmental agencies but not received by the City at June 30, 1981.
5.
Charges for current services which are deteminable.
(Note:
The City of Riverside accrues all revenues es recommended by the California League of Cities.)
d.
Charges for municipal services which are not disclosed in the financial statements are as follows:
Fund Pe rcentage Amount General 2.9 %
$ 136,000 Sewer 4.0 188,000 Refuse 4.9 231,000 Electric 76.1 3,582,000 Water 12.1 570,000 TOTAL IQQ3Q %
$$,ZQJ,QQ0 2.
Expenditures are reconfed on an accrual basis except:
a.
Disbursements for inventory type items are considered expenditures at the time of purchase.
b.
Interest on long-tem debt is recorded as an expenditure on its due date.
All other funds are maintained on the accrual basis of accounting.
Investments are stated at cost, which approximates market value.
Car accounts of all funds are pooled for investment purposes in order to maximize interest earnings.
All such.nterest earnings become revenue to the E
General Fund unless prohibited by bond covenants, or legal requirements relating to specific funds or grant g
provisions.
Inventories, as detemined by perpetual records, are stated at average cost.
Physical counts of inventory are taken on a cyclical basis.
Fixed assets are carried at cost in the enterprise funds and internal service fund. Depreciation of these assets g
is computed by use of straight-line method over the estimated useful lives of the assets. The estimated useful 3
lives as follows:
Building and improvements 50 years Improvements other than buildings 20 - 99 years Machinery and equipment 4 - 15 years 12
General fixed assets are recorded as expenditures in the General, Special Revenue, and Capital Projects Funds at time l
of purchase. These assets, excluding streets and stom drain related facilities which are not capitalized, are capit-alized at cost in the general fixed assets account group.
Gif ts are reconfed in general fixed assets at fair market value at the time received.
No depreciation is provided on general fixed assets.
Fixed assets disposed of are removed from the accounts on the basis of their historical or estimated acquisition costs, as appropriate.
Uncollectible accounts rela tive to utili ty accounts receivable (electric, water, sewer and refuse service charges, street light excise taxes and utility users tax), is determined by the percentage of sales method.
I Uncollectible account expense, relative to miscellaneous accounts receivable, is detemined by the direct write-off method on those accounts considered uncollectible and by reserving those accounts which are doubtful.
Encumbrances. The City records obligations in the fonn of purchase orders, contracts on other commitments. They I
cease to be encumbrances when the actual liability is incurred and the related expenditure is recorded.
Budgetary Accounting and Control.
The annual budget, which includes estimated revenue and appropriations, is adopted by the City Council and presented in the financial statenents as follows:
1.
Estimated revenue is the original estimate with modifications for new programs which are anticipated to be received during the fiscal year.
2.
Original appropriations are modified by supplemental appropriations and transfers among budget categories.
E 3.
Available appropriations from certain completed projects and programs are closed out to a budget clearing account and during the fiscal period additional appropriations are made from this clearing account.
4.
Strict budget control is maintained over all accounts and expenditures are not allowed to exceed appro-priations except in those specific projects and programs approved in advance by the City Council.
5.
Year-end unencumbered balances are reviewed and those projects and programs which are continuing into the I
next year, are approved by Council and placed in the Unreserved Fund Equity, titled Designated for Specific Capital Projects and Programs.
6.
The City Council approves al,1 significant changes.
Property Taxes.
Property tax rates for general obligations bond debt services are detennined by the City with collections and allocations made by the County of Riverside. The City also receives from the County of Riverside I
a percentage of the basic $4 maximum tax rate allowed on assessments collected and allocated by the County.
Cash with Fiscal Agent.
The City transfers to its bond fiscal agent all debt service requirements fifteen days prior to the date due. Unpaid redemptions are shown on the City's records as a payable.
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Investments with Fiscal Agent.
The City has deposited with its fiscal agent funds which will earn interest to cover all debt service requirements for Parking District No.1 Revenue Bonds,1973 Electric Revenue debt service requirements for non-callable bonds due in 1982-83, and Sewer Grant Anticipation Notes debt service requirements, E
due January 1,1983.
g Contributed Capital and Grants.
The following transactions are recorded as contributions in the enterprise and intragovernmental service funds:
1.
Receipts of federal and state grants for acquisition of fixed assets.
2.
Fixed assets contributed from other funds or the general fixed assets account group.
3.
Contributions from customers for the acquisition of fixed assets.
B.
Composition of Cash.
Treasurers cash and investments at June 30, 1981:
Demand deposits and checking accounts
$19,346,082 Time certificates of deposit and other investments 26,565,594 Banker's acceptance 20,955,473 Cash on hand, June 30, 1981 40,401 Total treasurers cash and investments 1(Q.9QZ.55Q Included in the above amount is restricted (. ash reserved for bond construction and debt service requirements, in the enterprise funds.
Construction Requirements Electric
$5,141,736
$23,391,388 Water 196,627 3,239,182 Sewer s-623,353 551$$$155$
'OlaE5$a255 C.
Retirement Plan.
Article IX " Retirement" Section 900 of the City Charter authorizes the City to be a member of the Public Employees' Retirement System.
All full time City employees are members of the Public Employees' Retirement System, administered by the State of California, to which contributions are made by both the. City and employee.
At July 1, 1980, the plan administrator indicated the City had an unfunded liabTlity of $23,085,944 for the
'j 5
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I g
)
~
miscellaneous members and $21,814,756 for the safety members.
The excess of the actuarially computed value of i,
vested benefits over the amounts 'available in the pension fund was not detemined at June 30, 1981.- Contr Pmtion rates have been established. to amortize the unfunded liabilities by the year 2000. Most city employees (except
/
Police and Fire) are also covered under 0ASDI, administrated by the Public Employees' Retirement System) fully I
funded equally by the City and the employee.
The total pension expense recognized by the City for the ' fiscal year ended June 30, 1981, was approximately $6,056,000 for PERS and $1,168,000 for 0ASDI.
3 D.
VacaHon and Sick Pay.
The accompanying financial statements do not include any accrual Wr vacation and sick pay 'enefits due employees o
at June 30, 1981.
These amounts are recorded as realize'd and appropriated accordingly in the annual budget.
Vacation.
City employees receive from ten to twenty days vacation each year dependirig upon the length of service. Vacation can be accumulated as of January 1 to a maximum not, to-exceed accumulation of,two years con-I tinuous service.
Unused vacation pay may be redeemed in cash upro timination Lf employment.
At June 30, IS81 employees vacation leave balance totaled approximately 27,000 days, representn.c a potential con pf approxi-i mately $2,111,000.
,c j Sick Leave.
City employees receive one working day />f sick leave for each monthi5f' employment or _ major p6rtion thereof with unlimited accumulation for unused sick leave.
Upon retirement, disabWey or death, unused sick leave can be redeemed in cash at the rate of 25% after five years empkyment anr50% after ten years employment I
for those employed prior to July 1,1979.
At June 30, 1981 employee sick leave balance totaled approximately 92,000 days. This represents a cost of approximately $7,155,000 because of the City's sick leave policy there is no way to calculate the liability to the City. The past three years experience is 9.s follows:.
Sick Leave Used Sick Leave Tayoff 1978-79
$ 682,000
~$ 129,000 s
I 1979-80 711,000 187. 000' 1980-81 819,000 158,000' E.
Changes in General Long Tem Debt and Capitalized Leases.
General Debt Lessors Obligation Service Revenups I
Balance Bonds Funds Principal Palance July 1, 1980 Retired Operations Reduction June 30, 1981
$ (160,957) $
334,482 Amount available in debt service funds 495,439 Amount to be provided for retirement:
Long tem debt 3,169,561 630,000 160,957 2,700,518 Long tem lease obligation 26,120,000 535,000 25,585,000 I
Long tem purchase obligation 442,316 9,991 432,325 Total available and to be provided
$3Q.?2Z.316 3,,,63Q.QQQ
$,,,,,,,,, 3,,,5((.331 Il9.Q52.325 15
I General Debt Lessors Obligation Service Revenues Balance Bonds Funds Principal Balance July 1, 1980 Retired Operations Reduction June 30, 1981 General obligation debt payable:
General bonds
$ 3,665,000 630,000
$ 3,035,000 E
535,000 25,585,000 g
Long tem lease obligations 26,120,000 9,991 432,32S l
Long tem purchase obligations 442,316 Total general obligation debts payable, long tem lease obligations, and long tem purchase obligations
$]Q,gghQ 1,,,Q]Q,QQQ 1,,,,,,,,, j,,,5jj,221 jgg,Q[g))5 General debt service requirements to maturity: Principal Interest Total !=la9}!a999 !===91}all5 !=2al90a?}5 Capitalized Leases. The City has entered into lease agreernents with the Riverside Civic Center Authority and Parking Authority of the City of Riverside, separate public entities, which have issued revenue lease bonds to construct facilities for 3 the City. 5 These bonds are collateralized by leases of the facilities to the City with the facilities becoming the City's property upon the retirement of the bonds. The lease payments approximately equal the total debt service requirements of the bonds. Because of the nature of the leases and related bond transactions, these transactions are being accounted for as though the City owned and financed the facilities directly. Accordingly the lease obligations have been recorded in the City's long-tem debt account. The total of the related bond debt, and the 5 mount expended to date for construction of the facilities have been reflected in the general fixed assets group 5 of accounts. The following tabulation reflects pertinent infomation reflecting the sale of bonds and annual lease payments. I I 16
I Parking Authority of the City of Riverside Civic Center Authori ty Riverside E Community Center Parking Garage 3 m (Amounts in thousands) City Hall Facili ty Facility Date of issue 12-1-72 7-15-74 8-15-74 Amount issued $15,000 $11,000 $3,450 Interest rate 4.25% to 6.25% 7% 7% Years of redemption 1975-02 1974-04 1977-03 I Redemption range $220 to $1,065 $155 to $795 $40 to $270 Lease expires 2002 2003 2003 Annual lease payment $1,008.6 $925 $285.7 Current long tenn obligation $12,490 $10,057.5 $3,037.5 On August 16, 1977, a Refunding Lease Revenue Bond was issued for $9,000,000 by Riverside Civic Center Authority to refund Community Center Facility Bonds. The bonds bear interest at rates which vary from 5.1% to 6.6% and I mature serially in progressive annual amounts from $360,000 in 1988 to $845,000 in 2003 with final year payment of $405,000 in 2004. The 1977 Refunding Lease Revenue Bond was sold to redeem callable bonds of the 1974 issue to'.aling $8,665,000 to pay a call premium of $225,900 on July 15, 1987. F. Revenue Bond Debt Services and Capitalized Lease. Outstanding revenue bond debt service at June 30, 1981 is, Principal Interest Total E Electric $89,310,000 $191,928,939 $281,238,939 E Water 30,915,000 24,510,672 55,425,672 Sewer 3,675,000 1,966,791 5,641,791 Total $1?},2QQ,QQQ $?10,6QQ.(Q? $}$?.]QQ.(Q2 E On October 1,1980, the City sold $80,000,000 in Electric Revenue Bonds for acquisition of ownership in the San 5 Onofre Nuclear Generating Station, Units No. 2 and No. 3, from the Southern California Edison Company and Refun-ding Bonds of $9,070,000 to cover the outstanding issues. Capitalized Leases. The City has entered into a lease agreement with the Riverside Airport lease Company, a separate public entity, I which has issued revenue lease bonds to construct facilities for the City. These bonds are collateralized by a lease of the facilities to the City with the facilities becoming the City's property upon the retirement of the 17
bonds. The lease payments approximately equal the total debt service requirements of the bonds. Because of the nature of the lease and related bond transactions, these transactions are being accounted for as though the City owned and financed the facilities directly. Accordingly the lease obligation has been recorded in the City's Airport Fund statement. The total of the related bond debt and the amount expended to date for construction of the facilities have becn reflected in the City's Airport Fund statements. The following tabulation reflects pertinent information reflecting the sale of bonds and annual lease payment. Riverside Airport lease Company (Amounts in thousands) Airport Terminal I Date of issue 12-1-66 Amount issued $530 Interest rate 4.5% 5 Years of redemption 1967-92 E Redemption range $12 to $36 Lease expires 1992 Annual lease payment $36.5 Current long term obligation $338 G. Changes in General Fixed Assets. E balance Balance 5 July 1, 1980 Additions Retirement June 30, 1981 Cost: Land $11,503,795 413,620 111,319 $11,806,096 Building improvements 28,046,100 1,166,034 10,912 29,201,222 Improvements other than buildings 4,971,802 1,804,057 115,113 6,660,746 Machinery and equipment 10,682,738 1,801,696 728,634 11,755,800 Total cost }}j,?QS,$]! %#,1@@,$Ql 1,,,2Q5,9ZQ }QS {?],@Q{ Investments for general fixed assets from: Lease agreements $27,429,697 Gifts 628,495 Operating revenues 20,775,136 General obligation bonds 3,624,543 County contracts and grants 389,451 g State grants 2,965,067 g Housing and community development 2,829,365 Revenue sharing 381,109 Other federal grants 401,001 Total investments in general fixed assets $5Ld?3,@53 18
H. City of Riverside Deferred Compensation Plan. l During the fiscal year 1976-77 the City of Riverside established an employee deferred compensation plan. lE B Glendale Federal Savings and Loan Association was appointed to accept funds for investment and accounts for such I f""d' "a reguiar basis. The City has the same rights and obligations in connection with any such invested funds as any other investor having the same type of sr/ings account with Glendale Federal. The plan was approved by the Internal Revenue Service on December 9, 1976. The City's account is insured up to $100,000 by the Federal Savings and Loan Insurance Corporation. At June 30, 1981, Glendale Federal had on deposit in the name of the l 5 City of Riverside, assigned to participants, the sum of $1,428,090. The aforementioned amount is not included in l the accompanying financial statements. I. Contingencies. As of June 30, 1981, the City was involved in a number of damage suits, in which claims range from minor to I substantial amounts, being asserted against the City. In the opinion of the City administration, these actions should not have a significant effect on the financial position of the funds of the City. J. Special Assessment District Improvement Bonds. The City has special assessment bonds issued under the 1911 and 1913 Special Improvement Act and the 1943 Vehicle Parking Improvement Act. The City has no liability to the bond holders until assessments represented by that particular bond have been collected. K. > Transportation Development Act Funds. The Transportation Development Act Funds have been accounted for as an enterprise fund as required. L. Grant Anticipation Notes. On July 1,1980, the City sold $5,700,000 of grant anticipation notes with a maturity date of January 1,1983. The proceeds of the notes will provide cash flow funds in anticipation of reimbursement from executed construc-tion grants in the amount of $10,977,525 from the United States Environmental Protection Agency and $1,829,587 I from the State of California. M. On September 9,1980, the State of California Energy Commission granted the City a promissory note in the amount I of $1,000,000 at 7 %. The semi-annual repayment would be from the yearly energy savings on the conversion to sodium vapor street lights. As of June 30, 1981 approximately 20% of the loan has been expended, and that amount will be repaid one year after the completion of the street lights conversion project. N. Purchase Contract Agreement. The City of Riverside Electric Department has entered into a Power Sales Contract with the Intermountain Power Agency for delivery of electric power. 19 I
I Nature of Obligation. Each Purchaser which is a municipally owned electric system is obligated to make the payments required under its Power Sales Contract solely from the revenues of its electric system as a cost of purchased electric capacity and energy and an operating expense. Each such Purchaser has covenanted to include in its annual power system budget for eash fiscal year during the term of its Power Sales Contract an appropriation from the revenues of its elec-tric system sufficient to pay all amounts required to be paid during such fiscal year under such Power Sales Contract. The Purchasers' obligations, which are several and not joint, to make payments of Monthly Power Costs under their respective Power Sales Contracts are not subject to reduction or offset if the Project is not com-pleted, operating or operable or if its output (and as a result, the capacity available to each of the Purchasers) is suspended, interrupted, interfered with, reduced or curtailed or teminated in whole or in part. In addition, the Purchasers' payment obligations under the Power Sales Contracts are not conditioned upon the perfomance by the Agency or any other party (including any other Purchaser) of contractual or other obligations and are not subject to any reduction or offset in the event of any default by the Agency in the perfonnance of E its obligations under the Power Sales Contracts. 3 Tem The tem of Power Sales Contract has commenced and will end on June 15, 2027, unless teminated sooner in accor-dance with the provisions for termination amendment. The City of Riverside will receive 6.817% of the 330 M.W. coal power plant and will pay 11.765% of the trans-mission expenses. 1B/CJ B I I I I w g
s City of Riverside COMBINING STATEMENT SPECIAL REVENUE FUNDS Description of the special revenue funds combined on the following financial statements are as follows: Library Fund accounts for the financial transactions of the City's Library and the County Free Library Sy>iem Traffic Safety Fund accounts for the financial transactions as prescribed by State of California statute on California Vehicle Code Fines. Special Gas Tax Fund accounts for the financial transactions as prescribed by State of California statute on California Streets and Highways. Revenue Sharing Fund accounts for the financial transactions as prescribed by United States Treasury Codes on revenue sharing funds. I Community Development Fund accounts for the financial transactions as prescribed by the Federal Housing and Urban Development Block Grants. Comprehensive Employment Training Act Fund accounts for the financial transactions as prescribed by the I Federal Department of Labor. .3 I I I I I I
I I City of Riverside Schedule 1 COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS June 30, 1981 m Housing & Comprehensive Total Traffic Special Revenue Comuni t y Education & June 30, June 30 ASSETS Library Safety Cas Tax Sharing Development Training Act 1981 1980 Cash (83,874) $ (166,455) $ 2,663,165 $ 10,917 $ (133,010) $ (79,/98) $ 2.210,945 $ 3.153,394 Property taxes receivable 15,736 15,736 Accounts receivable 402,060 1,181 403.241 1,571 Interest receivable 52,351 52,351 (1,231 Due from other government 166.455 705.511 2.968.136 78.617 3.918 1 2 3.646.930 1 TOTAL ASSETS 111.922 $ - $ 2.715.516 $ 716.4 Q $ 2.8 %.126 1 - 1 6.600.902 $ 6.861.126 LI ABILITIES AND FUND BALANCE Liabillties: Accounts payable $ 134,697 $ 88,410 $ 216,107 $ 355,202 interfund loans 616,801 616,801 605,545 I Accrued liabilities 72.028 1.001 13.029 54.854 Total Liabilities 206.725 616.801 82,411 905.937 1.015.601 rund Balance: I Reserved for encumbrances 19,800 292,516 886,057 1,198,373 366,235 Unreserved: Designated f ar specific capital projec's and programs 19,518 2,075,073 1,857,749 3,952,340 5,087,520 I undesignated 87.879 347.927 99.627 8.909 544.342 393,710 Total Fund Balance 127.197 2.715.516 99.627 2.752.715 5.695.055 5,847,g21 2 TOTAL LIA81LITIES AND FUND BALANCE 111.922 $ - $ 2.715.516 $ 716.428 $ 2.815.126 $ - $ 6.600.992 $ 6.861.126 I I I I I u g
I City of Riverside Schedule 2 COMBINING STATEMENT OF REVENUES, EXPEN0lTUR25 AND CHANGES IN FUND BALANCES ALL SPECIAL REVENUE FUNDS For Fiscal Year Ended June 30, 1981 Total 3 Housing & Corprehensi ve Year Ended Traffic Special Revenue Comuni ty Education and June 30 June 30, Library Safety Gas Tax Sharing Development Training Act 1981 1980 Revenue: W Property taxes 825.052 $ 825,052 $ 629,644 Fines and forfeits 911,525 918,525 943,757 Use of money 3,310 381,982 385,292 274,278 Intergovernmental revenues 2,022,359 1,540,526 2,76,475 2,335,000 1,482,586 10,089,949 9,521,006 Charges for service 36,012 36,012 33,587 Miscellaneous revenue 2.042 Total Revenues 2.886.733 911.525 1.922.508 2.708.478 2.336.000 1.482.586 12.247.830 11.404.314 Expesti tu res: Current: General government 978,821 612,932 1,591,751 I,172,292 Public safety 2,619,768 34,340 2,654,108 2,608.495 E Highways and streits 911,525 663.744 292,884 I,868,153 I,582,44 5 Culture and recreation 3,389,461 540,273 3,929,735 3,596,088 Capital outlay 67.414 1.391.777 1.380,196 2.157 2.841.545 2.487.807 Total Expenditures 3.456.875 911.525 2.055.521 2.619.768 2.359.017 1.482.586 12.885.292 11.447.122 Excess Revenue Over (Under) Expenditures (570.142) (133.013) 88.710 (23.017) (637.462) (42.808) Other Financing Sources (Uses): Operating transfer in 484,992 484.992 409.161 Total Other Financing Sources (Uses) 484.992 484.992 409.161 Excess of Revenue and Other Sources Over (Under) Fxpenditures and Other Uses (85,150) (133,013) 88,710 (23,017) (152,470) 366,353 2.848.529 10.917 2.775.732 Fund Balance - Ju;y 1 212.347 5.847.525 5.481.172 Fund Balance - June 30 127.197 $ - $ 2.715.516 $ 99.621 5 2.752.715 $ - $ 5.695A51 $ 5.847.525 I I I g 22
I City of Riverside Schedule 3 COM81NI4G STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND 8ALANCES Page I of 2 8UDGET AND ACTUAL ALL SPECIAL REVENUE FUNDS For Fiscal Year Ended June 30, 1981 Library Traffic Safety Special Gas Tau Variance Variance Variance Favorable Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) Dudget Actual (Unfavorable) Revenues: Property taxes 747,848 $ 825,052 $ 107,204 Fines and forfelts 911,525 911,525 Use of money 2,000 3,310 1,310 100,000 381,982 281,982 Intergovernmental revenues 2,127,992 2,022,359 (105,633) 1,609,844 1.540,526 (69,318) Charges for service 30,500 36,012 5,512 Miscellaneous revenues 500 (500) Total Revenues 2,878.840 2,886,733 7,893 911,525 911,525 1,709,8 % 1,922,508 212,664 = Expenditures: Current: General government Pubil: safety Highways and streets 911,525 911,525 663,7 % 663,7 % Culture and recreation 3,488,072 3,389,461 98,611 Capital outlay 90,438 67,434 23,024 3,806,458 1,391,777 2.414,68 Total Expenditures 3,578,510 3,456,875 121,635 911,525 911.525 4,470.202 2,055,521 2.414,681 Excess Revenue Over (Under) Expenditures (699,670) (570,142) 129,528 (2,760,358) (133,063) 2.627.345 Other Financing Sources (Uses): 3 operating transfer in 484,992 484,992 Total Other Financing Sources (Uses) 484,992 484,992 Excess of Revenues Over (Under) 3 Expenditures and Other uses (214,678) (85.150) 129,528 (2,760,358) (133,013) 2,627,345 Fund 8alance - Julp 1 212d47 212,347 2,848,529 2,848,529 Fund Balance - June 30 (2.331) $ 127.197 $ 129.528 88.171 1 2.715.516 $ 2.627.%5 I I I 24
I City of Elvsrside I $chedule 3 COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES Page 2 of 2 BUDGET AND ACTUAL ALL SPECIAL REVENUE FUNDS I For Fiscal Year Ended June 30, 1981 Total Revenue Sharing Housing and Cmununity Development Comprehensive Education & Training Act (tiemorandum Ont y) Variance variance variance Variance I Favorable Favorable Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable) $ 717,848 $ 825,052 $ 107.204 I 911,525 911,525 102,000 385,292 283,292 2,617,140 2,708,478 91,338 2,336,000 2,336,000 1,482,586 1,482,586 10,173,562 10,089,949 (83,613) 30,500 36,012 5.512 500 (500) 2.617.140 2,708,478 91.338 2.336,000 2.336.000 1.482.586 1,482,586 18,935,935 12.247.830 311.895 I 1,767,713 978,821 788,892 612,932 612,932 2,380,645 1,591,751 788,894 2,619,768 2,619,768 34,340 34,340 2,654,108 2,654.108 292,884 292,884 1,868,153 1.868,153 540,273 540,273 4,028,345 3,929,735 98,610 I 3.344.019 f.380,196 1.963,823 2.157 2.15]. 7.243.072 2,841.545 4.401.527 2.619.768 2,619.768 5,111.732 2,359,02 2.752.715 1,482.586 1.482,586 18,174,323 12,885.292 5.289,03t (2,628) 88,710 91.338 (2,775,732) (23.017) 2.752.715 (6.238,388) (637.462) 5,600.926 I 484,992 484.992 _ 484,992 484,992 (2,628) 88,710 91,338 (2,775,732) (23,017) 2,752,715 (5,753,396) (152,470) 5,600,926 10.917 10.917 2,775.71{ 2.775.732 5.847.525 5,847,525 s 8.289 s 99.627 s 91.iis s - s 2.7s2.7:s s 2.7s2.7 s s - s - s s 94.i29 s s.69s.Oss s s.600.926 I I I 25
I I I Clty of Riverside COMBINING STATEMENTS CA?!TAL PROJECT FUNDS Descriptions of the Capital Project Funds combined on the following financial statements are as follows: Capi tal Outlay Fund accounts for the financial transactions for street and highway capi tal improvements. Special Capital Improvement Fund accounts for the financial transaction for park and street tree capital improvements Storm Drain Fund accounts for the financial transactions for storm drain capital improvements. Fire Bond Fund accounts for the financ.lal transactions f rom the proceeds of sale of general obilgation fi re bond use for capital improvements to the Ci ty's fire protection system. Transportation Project Fund accounts for the financial transactions per Article 8 of the Transportation Development Act of 1971 (SB 325) State of California for street and highway capital improvements. (Designated I by the CI ty for capital outlay purposes.) I I I I I I
7 City of Riverside I COMBINING BALANCE SHEET Schedule 4 ALL CAPITAL PROJECTS FUN 05 June 30, 1981 Special 1968 Total Capital Capital Storm Fire Bond Transporta-June 30 June 30, ASSETS Outlay improvement Draln Cons t ruc t ion tion 1981 1980 I Cash 265,228 $ 836,086 746,915 117,759 $ 1.111,229 $ 3,077,217 $ 2,818,878 Property taxes receivable 1,119 1,119 Accounts receivable 473,734 1,620 3.164 478,518 184,582 Allowance for estimated uncollectibles (2,734) (2,734) (2,734) Interest receivable 2,160 22.236 24,396 16,186 Due f rom other governments 1.757.313 381.439 48.582 341.220 2.528.554 4.635.680 TOTAL ASSETS $ 2.497.194 $ 1.219.145 795.927 119.919 $ 1.474.685 $ 6.107.070 $ 7.652.592 LIA81LITIES AND FUND BALANCE Llobilities: Accounts payable 197.316 1.900 43.7 % $ 12.800 4 $ 255.764 426.773 Total Liabilities 197.316 1.900 43.7 % 12.800 4 255.764 426.77J Fur.d Balance: Unreserved: Designated for specific capital projects and progrens 1,777,066 1,130,935 342,279 1.372,289 4,622,569 6,441,438 I Designated for future contingencies 236,339 4,081 240,420 310,583 undesignated 286.673 86.310 405.823 107.119 102.392 988.317 473.798 Total Fund Balance _ 2.300.078 1.217.245 752.183 107.119 1.474.68: 5.851.306 7.225.819 TOTAL LIABILITIES AND FUND BALANCE $ 2.497 194 $ 1.219.145 795.927 119.919 $ 1.474.685 3 6.107.070 $ 7.652.59J. I I I I I 27 I
City of Riverside Schechale 5 CON 81NihG STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALMCES ALL CAPITAL PROJECTS FUNDS For Fiscal Year Ended June 30, 1981 Total 5 Sped.al 1968 veer Ended Capital Capital Storm F i re Bond Transporta= June 30, June 30 Outlay improvement Drain Construction tion 1981 1983 Revenue. W Property taxes 57,517 S 57,517 %,9% Licenses en:: permits 359,865 262.009 621,874 676,622 use of wey 15,504 126,275 141,779 82,014 intervavernmental re. venues 92,273 341,613 48,582 892,440 1,374,908 3,999,042 Miscellaneous revenues 165.998 23 64.690 289 231.000 139.716 Total Revenues 315.788 701.501 375.281 15.793 1.018.715 2.422dd 4.942d}1 Expenditures: Capi tal outlay 2.347.820 495.572 617.234 27.205 335.150 3.822.981 4.379.805 = Total Expenditures 2.347.820 495.572 617.234 27.205 335,150 _1 822 & 4.379.805 2 Excess Revenue Over (Under) Expenditures J d32.032) 205.929 (241.953) (11.412) 683.565 0.395.903) 562.554 Other Financing Ssurces (Uses): 0;erating transfer in 14.690 6.700 21.390 124.489 Total Other Financing Sources (Uses) 14.690 6.700 21.390 124.489 Excess of Revenues and Other sources Over (Under) Expenditures and Other uses (2,017,342) 205,929 (235,253) (11,412) 683,565 (1,374,513) 667,043 Fund Balance - July 1 4.317.420 1.011.316 987.436 118.531 791.116 7.225.819 6.538.776 Fund Balance - June 30 $ 2.300.078 $ 1.217.245 752.181 107.119 5 1.474.681 s 5.851.306 $ 7.225.819 I I I I I 28 I
City of Riverside Schedule 6 CtWRINileG STATEt1NY OF REVENUE, EXPEN011URES AND CitANGES IN FUND BALANCES Page 1 of 2 BUDGET AND ACTUAL ALL CAPITAL PROJECTS FUNDS for Fiscal Year Ended June 30, 1998 Capital Outlay Special Capital imp rovenen t Storm Drain Varlance Variance Variance Favorable Favorable favorable Budget Actual (Unfavorable) Bud g Actual (Unfavorable) Budget Actual (Unfavorable) Revenues: Property taxes 50,068 $ 57,517 $ 7,8M 5 Licenses and permits 478,500 359,865 (118,635) 320,000 262,009 (51,991) Use of noney Intergovernmental revenues 361,196 92,273 (268,923) 366,196 341,613 (24,583) 60,348 48.582 (11,766) Hiscellaneous revenues 65,312 If5,998 100,686 23 23 64,690 64.690 Total Revenues 476,576 315,j38 (160,788) 8%.696 701,501 (143,195) 4 5,038 375.281 (69,757) Expenditures: Capital outlay 4.3 %,540 2.347,820 1,998,720 1,724.990 495,572 1.229,418 t,328,8 617.234 711.148 Total Expenditures 4.3 %,540 2,347,820 1,998.720 1,724,990 495,572 1,229,418_ 1,328,382 6im 7tt.148 F-cass Revenue Over (Under) Expenditures (3,869,964) (2,032,032) 1,837,932 (880.294) 205,929 1,086,223 (883,3%_) (2Ll @) 641,391 Other Financing Sources (Uses): Operating transfer in 14,690 14,690 6,700 6,700 Total Other Financing Sources (Uses) 14,690 14,690 6,700 6,700 Excess of Revenues Over (Under) Expenditures and Other Uses (3,855,274) (2,017,342) 1,837,932 (830.294) 205,929 1,086,223 (876,6%) (235,253) 641,391 m 1,011.316 1,011,316 987,436 987,436 Fund Balance - July 1 4,317,420 4,317,420 $ M 2.1 M $ 2.300.078 $ 1.837.932 131.022 $ 1.217.245 $ 1.086.223 110.791 $ 752.183 $ 641.191 Fund Balance - June 30 4 I B I 30
e City of Rivsrside I Schedule 6 COM81NING STATEMENT OF PEVENUE, EXPENDITURES AND CHANCES IN FUND BALANCES Page 2 of 2 BUDGET AND ACTUAL ALL CAPITAL PROJECTS FUNDS For Fiscal Year Ended June 30, 1981 2* Total 1968 Fire Bond Construction Transportatlon (Memorendum Oniv) variance variance variance I* Favorable Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unf avorable) 50,068 57.517 7,%9 I 798.500 621,874 (176,626) 10,650 15,504 4,854 25,000 126,275 101,275 35,650 141,779 106.129 1.082,440 892,440 (190,000) 1,870,180 1,374,908 (495,272) 130.002 231.000 100,998 289 289 10.650 15.793 5.143 1.107.440 1.018.715 (88.725) 2.9PQT 2.427.078 (457.322) 27.720 27.205 515 1.898.556 335.150 1.563.406 9.326.188 3.822.981 5.503.207 27.720 27.205 515 1.898.556 335.150 1.563.406 9.326.188 3.822.981 5.503.207 (17.070) (11.412) 5.658 (791.116) 683.565 1.474,6P1 (6.41.788) (1.395.903) 5.045.885 21.390 21.390 21m 21.390 (17,070) (11,412) 5,658 (791,116) 683,565 1,474,681 (6.420,398) (1,374,513) 5,045,885 18.53, 118.531 791.116 791.116 7,225,812 7.225.819 l 1 101.461 107.119 S A5_8 $ 1.474.681 $ 1.474.681 S 805.421 WSg $ S.045.885 l I ' I l I u g
I City of Riverside COMBINING STATEMENTS PROPRIETARY FUND TYPES AND NONEXPENDABLE TRUST FUNDS I Description of the proprietary fund types and nonexpendable trust funds combined on the following financtal statements are as follows: Electric Fund accounts for the financial transactions of the City's electric distribution system. Water Fund accounts for the financial transactions of the City's water distributicn system. Airport Fund accounts for the financial transactions of the City's airport operations. Refuse Fund accounts for the financial transactions of the City's refuse collection and sanitary landfill I operations. Sewer Fund _ accour.ts for the financial transactions of the Ci ty's sewerage system. Local Transportation Fund accounts for the financial transactions of the City's Senior Citizens transportation system in accordance with the Article 4 of the Transportation Development Act of 1971 (SB 325) of the State of California. Urban Mass Transportation funds are also accounted for in this fund. Internal Service Funds account for the financial transactions of the operations of deparbuents providing service f or other departments. Fiduciary Fund (Nonexpendable Trust Fund) accounts for the Parking District No.1 Revenue Bond investments at fiscal agent for the retirement of debt service on such revenue bonds. I I I I
I City of Ri nrside I Schedule 7 COM8INING BALANCE SHEET PROPRIETARY FUNDS AND NONE PENDABLE TRUST FUND June 30, 1981 Fiduciary Proprietary Fund Types Fund Types Total Enterprise f unds Internal Nonexpendable June 30 June 30 ASSETS Electric Water Airport Refuse Sewer Transportation Total Services Trust 1981 1980 I ccsh $ 38,150,013 $12,633,105 $ 5 %,341 $ (94,058) $ 3,834,785 $ 204,843 $ 55,275,029 $ 74,905 5 - $ 55,349,934 $ 28,768,091 Crsh with fiscal agent 2.827.427 99.823 2,024 2,929,274 77,518 3,006,792 903,120 Investment with fiscal agent 217,761 5,859,485 6,077,2 % 526.104 6,603,350 59I,185 Accounts receivable 5,758,408 1,818,948 21,521 579,131 473,390 1,951,398 1,045,098 8,996,496 7,009.418 Allowanc, for estimated uncollec ti bles (101,573) (68,869) (942) (3,429) (3,320) (17d,133) (35,987) (214.120) (157,278) Special assessments receivable 6.835 6,835 6,835 4,973 Interest receivable 697,841 223,253 51 M1 3,939 976,494 27.700 38,896 1,043,090 594,073 Interfund loans receivable 505,063 250,100 755,163 755.163 755,163 I Oua from other governments 115,418 1,8I2 16,887 7,023,374 23,656 7,181,147 41,597 7,222.7 % 19,557,201 C:ntral stores inventory of supplies = = 2,421,249 2,421,249 2,263,891 PrJpaid expenses 225,840 21,804 247,6 % 247,6 % 410,338 836,149 6,778,650 1,785,026 77,963 411,132 9,888,920 9,888,920 9,530,880 I Land sulldings and Improvements 1,503,565 851,667 5 %,943 18,374,456 21,274,631 21,274,631 12.387.493 Accurpulated depreciation (498,915) (196,979) (152,904) (3,367'J22) (4,215,820) (4,215,820) (3,793,682) Improvements other than buildings 54,366,411 63,086, % 3 1,263.009 120,614 9,126,168 127,962,645 127,962,645 121,666,778 ,.ccumulated depreciation (19,618,608) (16.597,970) (325,255) (80,254) (1,423,423) (38,045,510) (38,045,510) (34,830,280) I riachinery and equipment 1,965,775 1.566,982 34,981 2.735,403 299,919 333,855 6,936,915 276.437 7.213,352 5.433,754 Accumulated depreciation (1,087,685) (995,661) (18,696) (1,522,811) (234,500) (168,778) (4,028,131) (209,570) (4,237,701) (3,768,313) Constructic,in progress 58.825,490 8.583,853 102,651 111.613 15,134.742 82,758.349 82,758.349 I6.128,767 I TOTAL ASSETS $1%.462.540 $77.567.812 S 1.817.562 $ 1.945.976 $55.562.671 $ 197.515 $281.754.096 1 1.718.947 $ 565.000 $288.018.041 $1P1.455.572 LI ABillflES AND FUND EQUITY Accounts payable $ 14,058,859 $ 1.267,315 $ 9,268 $ 162,553 $ 1,225,138 $ 184 $ 16,723,317 $ 3%,396 $ - $ 17,029,713 $ 9,878,043 Contracts payable 1,787,587 395.451 2,183,038 2,I83,038 1,824,058 I Notes payable 5,700,000 5,700,000 5,700,000 43,260 43,260 755,163 798,423 798,423 Interfund loans payable Accruea liabilities 258,952 92,974 4,452 54,826 48,026 6,977 % 6,207 30.393 496,600 287,757 338,000 338,000 338,000 358,000 Long term lease obilgations Rwenae bonds payable 89,310,000 30,915,000 3.675,000 123,900,000 565.000 124, % 5.000 45,735.000 Total Liabilities 103,627,811 34,062,876 394,980 612,830 10,648,164 7.161 149,353,822 1,091,352.. 565,000 151.010.774 58,881.281 Fund Equity: ( mtributed capital and I Cetained earnings: Jrants 6,606,622 22.104,609 2,720,163 28,986,507 373,987 60,791,888 60,791,888 57,999,232 Reserve for revenue bond re ti remen t 23,391,388 3,239,182 623,353 27,253,923 27,253,923 5,195.923 Unreserved 10,836,719 18,161,165 702,419 1,333.1 % 15.304,647 16.367 %.354.% 3 2,626.995 48.988,458 6I,379.136 Total Retained Earnings 34,228,107 21.400,347 702.419 1,333.1 % 15,928,000 16,367 73.608,386 2,626.995 76,235d81 66,575.059 Total Fund Equity 40.634,729 43,504.956 3.422.582 1.333.,,o ,%_d1_4, J01 390.354 134,400,274 2,626.995 137.027.269 124,574.291 TOTAL LIABILITIES AND FUND EQUITY $ 1 %.% 2.540 $77.567.812 $ 1.817.562 $ 1.945.976 $55.562.671 $ 197.515 $281.754.096 $ 1.718.947 3 565.01Q $?88.018.041 $181.455.572
I City of Rivsrside Schaduls 8 MEMORANDUM STATEMENT OF INCOME AND EXPENSES BY FUNCTION Elf CTRIC AhD WATER Year Ended Ane 30, 1981 Total Total Hemorandum Only Year Ended Nemorandum Only Year Ended Electric June 30, 1981 Water June 30, 1981 Operating Revenues: Operating Revenues: Electric Sales: Water Sales: Domestic sales $24,881,810 Domestic and comercial sales $ 9,873,908 Camercial and industrial sales 38,805,965 Irrigation sales 11,666 Nnicipal sales 1,64f.510 Mydrant rental 119,151 Municipal sales 207,388 Total Electric Sales 65,329,285 Miscellaneous sales 91,221 Other Operating Revenues 284,726 Total Water Sales 10,303,334 Total Operating Revenues 65,614.011 Jther Operating Revenues 192,858 Less: Operating Expense Befora Depreciation: Total Operating Revenues _10,436,192 Operating Expenses: Purchased power 55,205.971 Less: Operating Expense Before Depreciation: Transmission expense 74,565 Operating Expenses: Olstribution expense 2,236,570 Source of supply expenses 449,374 Customer account expenses 1,347,623 Pumping expenses 1,823,857 Power service expenses 36,043 Water treatment expenses 34,838 Administration and general expenses 2,246,733 Tr ans.wission and distribution expense 1,329,556 Clearing and miscellaneous account expense (64,051) Customer account expense 572.730 Administration and general expense 1,893,864 Total Operating Expenses (1) 61,083.454 Clearing and miscellaneous account expense 267,953 Net Operating income Before Depreciation 4.530,557 Total Operating Expenses (1) 6,372,172 Less Jepreciation 2,070,801 Net Operating Incane Before Depreclation 4,124,020 Net Operating income 2,459,755 Less Depreciatior. 1,655.952 Add: Non-Operating income: Net Operating Inca e , 2,468,068 Interest income 5,856,056 Miscellaneous non-operating income 224,558 Add: Non-Operating income: Interest income 1,867,010 Total Non-Operating income 6,080,614 Miscellaneous non-operating incune 388,876 Total incnne 8,540,369 Total Non-Operating income 2,255,886 Less: Nor.-Nerating Expenses: Total income 4.723,954 Interest expense revenue bond 1,100,151 Less: Non-Operating Expenses: Total Non-Operating Expenses 1,100,151 Interest expense revenue bond 1,820,672 Bond sale expense 9,324 Total Net income $ 7.440.218 Total Non-Operating Expenses 1,829.996 Adjustment Surcharge (included in operating revenue) $26.807.801 Total Net income $ 2 $91.958 (1) Does not include general fund contribution of $4,412.043 for electric and $1,050,304 for water. Adjustment Surcharge (included in operating revenue) 465.115 b
! I City of Riverside t COMBINING STATEMENTS INTERNAL SERVICE FUNDS
- I Descrigitions of the Internal service funds corr.bined on the following financial statements are as follows:
Workers Compensation insurance Fund accounts for the financial transactions of the Ci cy's sel f-insured workers compensation program. Public Liabili ty insurance Fund accounts for the financial transactions of the City's self-insured public 1iability program. Central Stores Fund accounts for the financial transactions for the centralizing of the City's inventory of supplies and the City's printing. Central Carage Fund accounts for the financial transactions in the repair and maintenance of all city owned equipment except for police and fire vehicles. I I I 4 I
City of Riverside Schedule 9 COMBlNING BALANCE SHEET PROP 1tlETARY FUND TYPES - INTERNAL SERVICES June 30, 1981 Proprietary Fund Types - Internal Services self Insured Total Wockers Public Central Central June 30 June 30 ASSETS Compensation Liability Stores Garage 1981 1980 I Cash 724,229 $ 737,913 $(1.563,634) $ 176,397 74,905 $ 421,693 Cash with fiscal agent 77.518 77.518 64.896 Accounts receivable 471,527 539.713 116 33.742 1.045,098 262.579 Allowance for estimated uncollectible (4,924) (31,063 ) (35,987) (23,659) Interest receivable 13,723 13,977 27.700 38,940 Due from other governmental agencies 41,597 41.597 Central stores inventory of suppIles 2,421.249 2,421,249 2,263,891 Prepaid expenses 37.500 147,186 129,251 276,437 270,240 Machinery and equipment Accumulated depreclation (116.122) (93.448) (209.570) (197.706) TOTAL ASSETS $ 1.121.670 $ 1.291.601 3 888.795 214.879 s 1.718.947 $ 1.138.174 LIABILITIES AND FUND EQUITY Liabillties: Accounts payable 2.583 37,243 208.391 58.179 306,396 277.202 Interfund loans payable 755,163 755,163 755.163 I Accrued liabilities 6.979 23.414 30.393 24.222 Total Liabilities 2.583 37,243 970,533 81,593 1,091.952 1.056.587 Fund Equity: I Retained earnings 1.321,087 1.254.360 (81.738) 133.286 2.626.995 2.081.Z81 TOTAL LIABILITIES AND FUND EQUITY $ 1.121.670 $ 1.291.601 888.795 S 214.879 $ 1.718.947 $ 1.118.174 I I 35
City of Riverside Schedule to COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS PROPRIETARY FUND TYPES - INTERNAL SERVICES For Fiscal year Ended June 30, 1981 Proprietary Fund Types - Internal Services Total 3 Self Insured Year Ended Workers Pubtle Central Central Ane 30 June 30 Compensation Liability Stores Garage 1981 1980 Operating Revenues: M Charges for services $ l.282,890 564,990 328,084 $ 2.671,262 $ 4.847,226 $ 3,521,195 Total Operating Revenues t.282.890 564,990 328.084 2,671.262 4.847,226 3,521,195 Operating Expenses: E Personal services 118 227.400 821,409 1,049,527 866,099 Maintenance and operations 75,858 1,663,728 1.739,586 1,643,632 General office expense 3,155 556 3,711 4,006 Material and supplies 1,265 33,311 34,576 26,866 Insurarce 1,288,089 568,012 2,255 6,944 1,865,300 2,006,272 Depreciation 9.645 4.639 14.284 17,447 Total Operating Expenses 1,288,807 568,012 319.578 2.530.587 4,706.984 4,564,321 Operating income (5,917) (3,022) 8,506 140,675 140,242 (t,043,127) Nonoperating Revenues (Expenses): Interest revenue 110,188 151,466 261,654 241,426 Sundry 97.543 15,982 4:,638 155.093 122,788 Total Nonoperating Revenue (Expenses) 207,731 151,466 15.912 41,638 416,747 364.214 income Before Operating Transfers 201,814 148,444 24,418 182.313 556,989 (678,913) Onerating Transfer in (Out) 201,672 (201,672) (660) (11,121) (11,781) (3,590) Net income 403,486 (53,228) 23,758 171,192 545,208 (682,503) Retained Earnings / Fund Balance-July 1 917,601 f,307,588 (105,496) (37,906) 2,081,787 2.764,290 Retained Earnings / Fund Balance-June 30 $ 1.321.087 $ 1.254.360 (81.738) 133.286 $ 2.626.995 $ 2.081.787 I I I 36
o ( City of Rivorside ( Schedule Il CONSINING STATEMENT OF CHANCES IN F INANCI AL POSITION PROPRIETARY FUND TYPES - INTERNAL SERVICES For Fiscal Year Ended June 30, 1981 Proprietary Fund Types - Internal Services Totas self Insured year E n ded Workers PubIic Central Centra l June 30 June 30, Compensation L i ab i l i ty Stores Garage 1981 1980 Sources of Financial Resources: Operations: Net increase (decrease) In retained earnings batonce during the year (schedule 10) 403,486 (53,228) 23,758 171,192 545,208 $ (682,503) Expenses not requiring current outlay of financial resources 9.645 4.639 14.284 17,M7 Total Financial Resoerces From Operations 403,8+86 (53,228) 33,403 175.838 559.492 (665,056) Uses of Financial Resources: Acquisition of fixed assets M1 8,17/ 8.618 (53,693) I Total Uses of Financial Resources 441 8,177 8,618 (53,693) Net increase (Decrease) In Working Capital 1 403.486 (51.228) 12.962 1 167.654 550.874 s (611.161) Component Elements of Net increase (Decrease) in Working Capital: Cash 148,842 $ (581,749) $ (101,651) 187,770 $ (346,788) $ (259,982) Cash with fiscal agent 12,622 12,622 11,512 Accounts receivable (net) 277,792 539,713 12 (5,729) 811,788 (471,417) Interest receivable 1,976 (13,216) (11,240) 2,872 central stores Inventory of supplies 157,358 157,358 245,291 Prepaid expenses (37,500) (37,500) (101,450) Accounts payable (603) 2,024 (21.528) (9,088) (29,195) (24.981) Accrued liabilities 357 (1,229) (5.299) (6.171) (7,208) Net increase (Decrease) In Wrkly Capital i 401.486 (51.2g) i 12.962 s 167.654 1 550.874 $ (611.363) I I 37 m
l l l l l I City of Riverside COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES - ALL AGENCY FUNDS I Description of All Agency Funds on the following financial statements are as follows: I Special Deposit Fund and 1911 Act Improvement Trust are used to account for resources received and held in trust by the Ci ty to be expended in accordance wi th the conditions of the trust or agency involved. I I I I I
t 4 l City of Riversida Schedule 12 COMBINING STATEMENT OF CHANGES IN ASSETS AND LIA8ILITIES - ALL AGENCY FUNDS For Fiscal Year Ended June 30, 1981 I 8alance Balance ( July 1, 1980 Additions Deductions June 30, 1981 i SPECIAL DEPOSIT FUND ASSETS Cash $ 1.107.052 $ 2.127.475 1 2.204.600 $ 1.029.927 LIABILITIES Accrued liabilities $ 1.107.052 $ 2.127.475 5 2.204.600 $ 1.029.927 1911 ACT IMPROVEMENT TRUST ASSETS Cash 50.510 146.205 159.818 36.897 I LIA81LITIES Accounts payable 50.510 1 4.205 159.818 36.897 TOTLLS ALL AGENCY FUNCS ASSETS Cash $ 1.157.562 _$_2.273.680 $ 2.364.418 $ 1.066.824 LIABILITIES I Accounts payable 50.510 $ 1 M,205 $ 159.818 36,897 Accrued liabilities 1,107.052 2,127.475 2,204.600 1,029,927 Total Liabilities 1 1.157.562 MM $ 2.364.418 $ 1.066.82ft I I I I 39
City of Riverside Schedule A SCHEDULE OF GENERAL FIXE 0 ASSETS - SY FUNCTION AND ACTIVITIES June 30, 1988 Other Lg Structures improvements Equipment To*al General Government General government 5 $ l.228,751 5 1,228,158 Building maintenance 31,340 31,340 City hall 2 ?32.450 9.807.207 753.3'O 12.892.967 Total General Government $ 2.312.450 $ 9.807.?07 $ 2.011.k01 $14.151.058 Public Safey Police $ 602,367 $ 1,055,414 4,922 $ 1,863,502 5 3,526,205 B Fire 347,444 1,645,312 206,470 1,735,870 3,935,096 Building inspection 4,105 4,105 Disaster preparedness 94,250 94,250 E Animal regulation 1 28.096 4.917 33,014 Total Public safety 949.812 $ 2.728.822 211.392 $ 3.702.644 $ 7.592.6?0 5treets and Highways Public works = 176,754 176,754 Public service 12,139 12,139 Street maintenance 245,536 245,536 Parking 63,400 14,267 8,305 85,972 Shop and corpcration yard 184,300 943,495 17,837 3,016,697 4,162,329 Parking authority 2,407,508 2,373,492 232,056 5,013.056 Comun ica tions 63.759 63.759 Total Streets and Highways S 2.655.208 L].M 264.160 $ 3.523.190 $ 9.759.545 Recreation and Cul ture tark and,ecreation $ 3,801.935 $ 3,166,640 $ 6,118,332 490,556 $13.577,463 Museum 17,500 160,183 1,092 679,646 858,421 Libraries 389,725 2,290,604 65.770 714,813 3.460,912 g Exhibit hall 1.659 666 7.730.779 631.550 10.028.795 Total Recreation and Culture $ 5.N>8.626 $13.348.206 $6.185.1g $ 2.516.565 $2?.918.591 Grand Total E8g $29.201.222 $ 6.660.746 $11.755.800 $59.423.864 I I I g o
g City of Riverside schstata 5 Page 1 of 6 I PRINCIPAL REQUIREMENTS TO MATURITY BY BOND ISSUE - GENERAL OBLIGATION BGtDS 8 For Fiscal Year Ended June 33,191 I Date of Years of Rates of Original Outstanding Matured Ou ts tandi ng Name of Issue Bonds Maturity interest Issue 7-1-80 During year 6-30-81 1955 Fire station 10-1-55 1956-80 2.5% 665,000 30,000 30,000 I 1957 Municipal improvement 12-1-57 1958 82 3.25 - 3.5% 3,550,000 450,000 150,000 300,000 1962 Municipal improvement 1-1-62 1963-82 3 - 3.4% 2,944,000 400,000 200,000 200,000 1964 Sewer No. 1 8-1-64 1964-82 2.75 - 3% 1,400,000 290.000 90,000 200,000 1 1983-84 3.1% 200.000 200.000 200.000 I.600,000 490,000 90,000 400,000 1964 Sewer No. 2 6-1-67 1968-85 3.5 - 3.75% 1,320,000 400,000 80,000 320,000 1986-92 3.9% 580.000 580.000 580.000 1,900,000 980,000 80,000 900,000 1968 Fire Protection, Series 1 6-1-69 1970-83 5.6% 345,000 90,000 30,000 60,000 1984-87 5.1 % 135,000 135,000 135,000 1988-91 5.2% 150,000 150,000 150,000 I 1992-94 5.25% 120.000 120.000 120.000 750,000 495,000 30,000 465,000 1968 Fire Protection, Series 2 4-1-76 1977-81 6% 120,000 30,000 30,000 1982 4.9% 30,000 30,000 30,000 I 1983 4.6% 30,000 30,000 30,000 1984 4.7% 30,000 30,000 30,000 1985 4.8% 35,000 35,000 35,000 1986 4.9% 35,000 35,000 35,000 1987 5% 40,000 40,000 40,000 I 1988 5.1% 40,000 40,000 40,000 1989 5.3% 45,000 45,000 45.000 1990 5.4% 45,000 45,000 45,000 1991 5.5% 50.000 50.000 50.000 500,000 410,000 30,000 360,000 I 1968 Fire Protection, Series 3 12-1-77 1978-81 6% 85,000 45,000 20,000 25.000 1982 5.1% 25,000 25,000 25,000 1983 4.1% 25,000 25,000 25,000 1984 4.4% 30,000 30,000 30,000 I 1985 4.5% 30,000 30,000 30,000 1986 4.6% 30,000 30,000 30,000 1987 4.7% 35,000 35,000 35,000 1988 4.75% 35,000 35,000 35,000 1989-90 4.8% 75,000 75,000 75,000 1991-82 4.9% 80,000 80.000 80.000 450,605 410,000 20,000 390,000 Total General Obilgation Bonds $12.159.000 $ 1.665.000 610.000 $ 3.015.000 I g m
City of Riverside ScheAle a Page 2 of 6 PRINCIPAL REQ 93REFINTS TO MATURITY BY ISSUE - REVENUE 80N05 For Fiscal Year Ended June 30 1981 Date of Years of Rates of Original Outstanding Matured Ou t s t and i r+g hane of Issue Bonds Maturity Interest issue 7-I-80 During Year 6 30-81 M Electric Revenue Bonds 1966 Electric Revenue 4-1-66 1967-92 4.75 - 3.6% $ 4,040,000 $ 1.940,000 $ 1,940,000 1993-96 3.7% 660.000 660.000 660.000 N 4,700,000 2,600,000 2,600,000 1969 Electric Revenue 12-1-69 1970-80 8.6 - 6.4% 770,000 70,000 70,000 1981-82 6.5% I40,000 140,000 140,000 1983-84 6.6% 140,000 140,000 140,000 1985-88 6.7% 280,000 280,000 280,000 1989 6.75% 70,000 70,000 70,000 1990-91 6.85% 140,000 140,000 140,000 1992-99 6.875% 560.000 560,000 560.000 2,100,000 1.400,000 1.400,000 1971 Electric Revenue 6 71 1971-82 7% 1,100,000 200,000 200,000 1983 5.75% 100,000 100,000 100,000 1984-01 5% 1.800 3 1.8no.000 1.800,000 3,000,000 2,100,000 2,100,000 1973 Electric Revenue 4-1-73 1074-81 6.5% 960,000 120,000 120,000 1982 5.25% 120,000 120,000 120,000 1983 4.8% 120,000 120,000 120,000 1984-85 4.9% 25C,000 250,000 250,000 1986 5% 125,000 125,000 125,000 1987-88 5.1% 250,000 250,000 250,000 1989 5.2% 125,00u 125,000 125,000 1990-91 5.25% 250,000 250,000 250,000 1932-96 5.3% 625,000 625,000 625,000 1997-01 5.4% 625,000 625,000 625,300 2002-03 4.5% 250.000 250,000 250.000 3,700,000 2,860,000 2,620,F03 240,000
- 977 Electric Ravenue 4-1-77 1978-81 4.8 - 3.9%
2.500.000 450.000 450.000 1980 Electric Revenue 10-1-80 1984-92 10.(T% 6,025,000 6,025,000 1993 8.1% 1,125,000 1,125,000 1994 8.25% 1,250,000 1,250,000 1995 8.40% 1,375,000 1,375,000 1996 8.50% 1,500,000 1,500,000 1997 8.70% 1,650,00(, 1,650,000 1998 8.80% 1,800,000 1,800,000 1999 9% 1,950,000 1,950,000 2000-01 9.1% 4,450,000 4,450,000 2002 9.2% 2,525,000 2,525,000 2003-04 a.*5% 5,750,000 5,750,000 2005-14
- 5. "
50.600,000 50.600.000 / 80,000,000 80,000 t,00 I i g
I City of Rivarside Schedule 9 PRINCIPAL REQUIREMENTS TO HATURITY BY BONO ISSUE - REVENUE BONDS Page 3 of 6 For Fiscal Year Ended June 30, 1981 I Date of Years of Rates of Original Outstanding Hatured Outstanding Name of Issue Bonds Naturity interest issue 7 1-80 During Veer 6 30-81 Electric Revenue Bonds I 1980 Refunding Revenue sonds 10-1-80 1982-92 104 $ 5,045,000 $ S,045,000 1993 8.1% 470,000 470,000 1994 8.251 470,000 470,000 1995 8.4% 470,000 470,000 1996 8.5% 470,000 470,000 I 1997 8.7% 470,000 470,000 1998 8.8% 300,000 300,000 1999 9% 300,000 300,000 2000-01 9.1% 600,000 600,000 2002 9.2% 220,000 220,000 I 2003-04 9.25% 255.000 255.000 9,0/0,000 9,010,000 Total Electric Revenue Bonds 105.073.000 9.410.000 9.170.000 89.310.000 water Revenue Bonds 1960 waterworks, Series 1 6-1-61 1962-86 3.5% 4.600.000 1.475.000 225.000 1.250.000 1960 waterworks, Series 2 2-1-66 1967-81 4.25 - 3.5% 455,000 35,000 35,000 I 1982-85 3.6% 140,000 140,000 140,000 19 % -91 3.7% 210,000 210,000 210,000 1992-96 3.75% 195.000 195.000 195.000 1.000,000 580,000 35,000 545,000 I 1967 waterworks, Series A 6-1-67 1968.83 5 - 4% 1,360,000 280,000 90,000 190,000 1984-87 4.1% 410,000 410,000 41G,000 1988-90 4.15% 330,000 330,000 330,000 1991-95 4.2% 550,000 550,000 550,000 1996-02 4.25% 850.000 850.000 850 g I 3,500,000 2,420,000 90,000 2.330,000 1969 water Revenue 12-t-69 1970-81 8 - 6.6% 600,000 100,000 50,000 50,000 1982-84 6.7% 150,000 150,000 150,000 1985-87 6.75% 150,000 150,000 150,000 I 1988-90 6.8% 150,000 150,000 150,000 1991-95 6.9% 250,000 250,000 250,000 1996-99 7% 200.000 200.000 200.000 1,500,000 1,000,000 50,000 950,000 I 1972 water Revenue 5-1-72 1973 85 T% 1,255,000 615,000 100,000 515,000 1986 6% 140,000 140,000 140,000 1987 5.25% 150,000 150,000 150,000 1988-90 5.3% 520,000 520,00-520,000 1991-94 5.4% 803,000 305,000 805,000 I 1995-98 5.5% 965,000 965,000 965,000 1999-01 5.6% 840,000 840,000 840,000 2002 34 325.000 325.000 325.000 5,000,000 4,360,000 100,000 4,260,000 43 I
City of Riverside $che& ale 8 Page 4 of 6 PRINCIPAL REQUIREMENTS TO PATURITY.8Y ISSUE - REVENUE BONDS For Fiscal year Ended June 30, 1981 Date of Years of Rates of Original Outstanding Matured Outstanding Name of issue Bonds Maturity Interest issue 7 -t -80 During year 6-30-81 Water Revenue Bonds l l 1973 Water Revenue 8-t -7 3 1974-82 6.5% $ 1,030,000 405,000 125,000 5 280,000 i 1983 6.4% 175,000 175,000 175,000 l 1984-85 5.1% 350,000 350,000 350,000 1986 5.2% 195,000 195,000 195,000 l 1 1987 88 5.25% 400,000 400,000 400,000 l 1989-90 5.11 470,000 470,000 470,000 l 1991-92 5.4% 500,000 500,000 500,000 1993-94 5.5% 550,000 550,000 550,000 1 1995-98 5.6 % 1,295,000 1,295,000 1,295,000 l 1999-00 5.7% 710,000 710,000 710,000 2001-03 5.75% i.225.000 1.225.000 t.225.000 6,900,000 6,275,000 125,000 6,150,000 1974 Water Revenue 12-1-74 1975-84 8% 935,000 550,000 100,000 450,000 1985-88 7% 540,000 540,000 540,000 1989-92 7.25% 695,000 695,000 695,000 1993-04 7.5% 2.830.000 2.830.000 2.830.000 5,000,000 4.615,000 100,000 4,515,000 1976 Water Revenue 2-1-76 1977-86 8.5% 375.000 260,000 40,000 220,000 1987 7.75% 50,000 50,000 50,000 1988 5.7% 50,000 50,000 50,000 1989 5.8% 55,000 55,000 55,000 1990 5.9% 55,000 55,000 55,000 1991-94 6% 270,000 270,000 270,000 1995-97 6.1% 225,000 225,000 225,000 i 1998-01 6.2% 345,000 345,000 345,b00 1 2002-06 6.25% 575.000 575.000 575.000 1 2,000,000 1,885,000 40,000 1,645,000 l 1977 Water Revenue 2-1-77 1978-87 8% 570,000 430,000 50,000 380,000 1988 5% 75,000 75,000 15,000 1989 4.9% 75,000 75,000 75,000 1990 5% 80,000 80,000 80,000 l 1991 5.1% 80,000 80,000 80,000 1992 5.2% 90,000 90,000 90,000 i 1993 5.3% 100,000 100,000 100,000 l 1994 5.4% 100,000 - 100,000 100,000 l !995-96 5.5% 210,000 210,000 210,000 1937-99 5.6% 350,000 350,000 350,000 2000-01
- 5. 7%
260,000 260,000 260,000 2002-07 5.75% 1.010.000 t.010.000 I.010.000 3,000,000 2,660,000 50,000 2.810,000 I I e 9
City of Riverside I Schedule 8 PRINCIPAL REQUIREMENTS TO MATURITY BY ISSUE - REVENUE BONOS Page $ of 6 for Fiscal Year Ended June 30, 1981 I cate of Yea.s of Rates of Original Outstanding Natured Outstanding Name of issue Bonds Maturity interest issue 7-I 80 During Year 6-30-81 Water Revenue Bonds I 1978 Water Revenue 4-t-78 1979-84 7% 740,000 525,000 125,000 400,000 1985 6% 150,000 150.000 150,000 1986-89 5% 650.000 650.000 650,000 1990-91 5.1% 375.000 375.000 375,000 1992 5.2% 200,000 200,000 200,000 I 1993 5.25% 200,000 200,000 200,000 1994-95 5.3% 425.000 425,000 425,000 1996-97 5.4% 450,000 450,000 450.000 1998-99 5.5% 475.000 475,000 475,000 2000-01 5.6% 525.000 525,000 525,000 I 2002 5.7% 275,000 275.000 275.000 2003-05 5.75% 950.000 950,000 950.000 2006-08 5.8% 1,185,000 1,185,000 1,185,000 6,600,000 6.365.000 125.000 6,260,000 Total Water Revenue Bonds 39,100,000 31,855.000 940.000 30.915,000 Sewer Ravenue Bonds 1%9 Sewer, Series A 11-1-69 1970-80 7% 320,000 40,000 40,000 I 1981-82 6.75% 85,000 85,000 85.000 1983-84 6.8% 95.000 95.000 95,000 500,000 220.505 40.000 180.000 1969 sewer, series e 2-1-71 1972-81
- 4. 5 -4.8%
280,000 35,000 35,000 I 1982 4.9% 40.000 40,000 40,000 1983 5% 40,000 40,000 40.000 1984 5.1% 45,000 45,000 45.000 1985-86 5.25% 145.000 145.000 145,000 1987-90 5.5% 450,000 450.000 450,000 I 1,000,000 755,000 35.000 /20,000 1978 sewer 10-1-78 s980-85 6.75-T% 365.000 315.000 55.000 260,000 1986 5.2% 75.000 75.otn 75.000 1987 5% 80,000 80,000 80,000 l 1988-89 5.1% 175,000 175,000 175,000 l 1990 5.2% 95,000 95,000 95.000 1991 5.25% 105,000 105.000 105,000 1992-93 5.3% 225,000 225,000 225,000 I 1994 5.4% 125,000 125,000 125,000 1995 5.5% 130,000 130.000 130,000 1996-97 5.6% 290.000 290.000 290,000 1998-99 5.7% 335,000 335,000 335,000 2,000,000 1,950,000 55.000 1.695.000 I as g O k
a I City of Riverside Schedule B Page 6 of 6 PRINCIPAL REQUIREMENTS TO MATURITY 8V ISSUE - REVENUE 80NDS for Fiscal Year Ended June 30, 1981 Date of Years of Rates of Original Outstanding Matured Outstanding Name of issue Bonds Maturity Interest issue 7-1-80 During Year 6-30-81 M i Sewer Revenue Bonds 1979 Sewer 8-1-80 1980-85 7.25% 155,000 155,000 20,000 135.000 1986 6% 35,000 35,000 35,000 1987 5.3% 35,000 35,000 35.000 1988-89 5.4% 80,000 80,000 80,000 1990 5.5% 45,000 45,000 45,000 1991 5.6% 45,000 45,000 45,000 1992
- 5. 7%
50,000 50,000 50,000 1993-94 5.75% 105,000 105,000 105,000 1995 5.8% 60,000 60,000 60,000 1996-97 5.9% 135,000 135,000 135,000 l 1998-99 6% 155,000 ~900,000 20,000 550,000 155,000 155,000 g 900,000 Total Sewer Revenue Bonds 4,400,000 J 825,000 150,00j 3,675,000 Parking Olstrict No. I Bonds Parking Olstrict No. I 1-1-61 1962-86 5.5-4% 1,650,000 645,000 80,000 565,000 Total Parking Olstrict No. 1 Bonds 1,650,000 645,000 80,000 565,000 Total Revenue Bonds $150.220.000 $45.735.000 $ 10. %0.000 M im 02 0 TOTAL 80N0ED INDE8TEDNESS $162.579.000 $49.400.000 $10.9 70.000 $127.500.000 Il I l I
I City of Riverside Schedule C DE8T SERVICE REQUIREMENTS To MATURITY June 30,1981 I Fiscal Ceneral Obligation Bonds Revenue Bonos Total Electric Water Sewer Parking District ho. 1 Total Year Principal Interest Requirements Principal interest Principal interest Pri nc ipal interest Principal Interest.tequirements 1982 615,000 $ 121.217 $ 736,217 570,000 $ 8,566,578 $ 1,005,000 $ 1,764,911 $ 165,000 $ 205,786 $ 85,000 $ 20,900 $ 12,383,175 I 1984 1983 415,000 98,810 513,810 570,000 8.515,277 1,035,000 1,705,574 175,000 194,769 90,000 17,400 12,303,020 265,000 86,080 351,080 450,000 8,335,518 1,105,000 1,643,566 180,000 183,360 95,000 13,700 12,006,1 % 1985 280,000 75,842 355,842 9R0,000 8,264,017 1,140,000 1,578,166 195,000 17f,115 95,000 9.900 12,433,198 1986 180,000 66,493 24,493 1,030,000 8,163,518 1,145,000 1,514,197 205,000 160,476 100,000 6,900 12.324,191 1987 185,000 58,507 243,507 1,105,000 8,056,767 945,000 1,452,691 220,000 149.140 100,000 2,000 12,030,598 I 1938 190,000 50,090 240,090 t,155,000 7,943,i68 1,000,000 1,398,626 230,000 137,220 11,864,614 1989 200,000 41,457 241,457 t,240,000 7,824,017 1,015,000 1,3 %,715 245,000 124,700 11,793,432 1990 205,000 32,265 237,265 1,320,000 7,696,018 1,075,000 1,288,705 255,000 111, % 9 11,7 %,172 1931 215,000 22,640 237,640 1,395,000 7,560,267 1.130,000 1,229,134 150,000 97.306 11,561,707 1992 165,000 12.555 177,555 1,495,000 7,415,768 1,185,000 1,166,168 155,0uu 89,138 11,506,074 I 1993 80,000 5,180 85,t80 1,595,000 7,276,420 1,200,000 1,100,155 165,000 80,490 11,417.065 1994 40,000 2,100 42,100 1,720,000 7,140,872 1,250,000 1,032,198 175,000 71,205 11,389.275 1995 1,845,000 6.992,433 1,290,000 961,089 185,000 61,236 11,334,758 1996 1,970,000 6,831,218 1.370,000 886,020 200,000 50,420 11,30),658 1997 2,120,000 6,655,273 1,355,000 807,285 215,000 38,643 11,191,201 1998 2,100,000 6,470,652 1,390,000 727,888 230,000 25.900 10,9 %,440 1999 2,250,000 6,277,003 I,45,000 645,707 250,000 12,038 10,899,748 2000 2,425,000 6,065,415 1,485,000 559,721 80,000 2,400 10,617,536 2001 2,625,000 5,835,640 1,540,000 473,189 50,473,829 I 2004 2,745,000 5.589,932 1,600,000 301,894 10,316,826 2002 2003 2,880,000 5,330, % 3 1.215,000 294,742 9,720,205 3,125,000 5,052,731 8 1,280,000 218,274 9,676,005 2005 3,300,000 4,748,150 950,000 150,705 9,148,855 2006 3,600,000 4.413,500 710,000 101,654 8.325,154 3,925,000 4,048,537 625,000 59,918 8,658,455 I 2007 2008 4,300,000 3,649,625 410,000 23,780 8,383,405 2009 4,675,000 3,214,338 7,889,338 2010 5,125,000 2,739,037 7,864,037 2011 5,600,000 2,218,875 7,818,875 2012 6,100,000 1,651,425 7,751,425 I 3014 6,675,000 1,031,837 7,706,837 2013 7,300.000 354,050 7.654.050 s 3.035.000 $ 673.236 3 3.708.236 $89.310.000 $191.928.939 130.915.000 $24.510.672 $ 1.675.000 $ 1.966.791 3 565.000 $ 69.900 $%2.941.302 I I I I 47
a , ~ _ l l ) 4 0 r s M s s I i M mamag g g
u Table i City of Riverside GENERAL GOVERNMENTAL EXPENDITURES BY FUNCTION LAST TEN FISCAL YEARS Fiscal General Public Streets & Culture & Debt lease Year Government Safety Highways Recreation Services Payments I 1972 S t,292,372 $ 7,607,995 $ 5,31I.278 $ 4,524,064 737,363 1973 1,594,625 8,%0,121 5,826,983 4,332,289 721,481 1974 I.741,743 9.700,141 5,092,450 5,305,253 725,575 1975 2,079,678 10,589,169 7.120,944 6,821,506 719.153 f 1976 2.721,821 11,670,440 6,805,749 7,%i,928 702,282 51,600 1977 3,753,366 13,194,307 7,240,617 7,1 0,085 731,382 1,736,500 l 1978 4.763,12) 15,016,516 7,677,883 8,391,274 727,882 3,475,800 l 1979 5.369,768 14,220,268 9,601,885 9,272,%9 766,868 1,986,500 1960 5,162,602 18,811,399 10,291,233 11,748,232 740,143 1981 6,188,480 20,502,992 14,178,577 13,009,335. 774,142 1,672,200 1. Excludes Electric and Water share of nnual lease payments. 2. The table includes all General, Special Revenue, Debt Services, Capital Projects and Special Assessments expenditures from 1979 forward, it excludes Special Assessment expenditures from 1972 through 1978 l Table 2 City of Riverside I GENERAL GOVERNMENTAL REVENUES SY SOURCES LAST TEN FISCAL YEARS Licenses Charges Fiscal and Fines and Use of Intergovernmental for Utility Miscellaneous I Year Taxes Permits Forfeitures Mor.ey F, venue Services Contributions Revenues 1972 $ 8,939,226 $ 901,053 788,031 $ 355,360 $ 4,806,718 791,522 $ t,727,061 110,987 1973 9,807,979 942,327 812.524 284,329 7,791,766 737.891 1,952,776 426,083 1974 10,248,160 1,361,368 680,328 612,731 8,197,932 397,983 2,125, % 0 187,039 j I 1975 11.431,225 1,249,918 684,006 617.128 .8,982,066 496,689 2,573,130 194,812 1976 12,722,692 1,618,049 681,166 433,605 12,319,184 762,602 3,2 %,193 259.922 1977 15,0c4,753 2,826,828 819,142 456,636 12,928,385 1,091,105 3,829,735 119.156 1978 16,878,027 4,329,223 903,944 914,177 15,160,584 1,267,538 4,245,053 % 6,837 1979 16,852,547 1,774,601 1,094,658 1,611.151 16,160,470 1,124,864 4.796,178 412.7 % I 1980 19,806,593 2,123,064 1,158,549 2,171,410 18,262.101 1,135,209 5,145,% 3 352,180 1981 20,852,9 % 2,192,720 1,175,444 1,929,328 16,940,188 1,471,850 5,%2,347 2,888,237 The table includes all General, Special Reverme. Debt Services, Capital Projects and Special Assessment revenues f rom 1979 forward. It excludes Special Assessment revenue from 1972 through 1978. l \\ 12 g
a Table 3 City of Riverside m TAX REVENUE BY SOURCE LAST TEN FISCAL YEARS General Transient Fiscal Total Property Sales and Property Utili ty Street Light Occupancy Year Taxes Taxes Use Tax Transfer Tax Users Tax Excise Tax Franchises Tax 1972 $ 8,939,226 $ 3.381.375 $ 3,556,407 74.769 $ 1,535,147 $ 158,014 124,721 108,793 1973 9,807.979 3,571,253 4.062,867 72,019 1,608.114 254,027 130,197 109,502 1974 10,428,160 3,381.226 4,470,470 63,948 1,807,128 276,459 131,210 117,719 1975 11,431,225 3,601.056 4,832,203 69,637 2.352,089 304,225 142,630 129,385 1976 12,722,692 3,943,790 5,413,319 80,216 2,657,010 307.663 174,139 1 %,555 1977 15,004,753 4,575,5 % 6,715,157 175,127 2,853,864 329,343 185,860 169,858 1978 16,878,027 4,826,129 8,052,714 216,807 3,027,895 328,372 229,278 196,832 1979 16,852,547 3,038,333 9,321,980 287,402 3,349,860 334,076 276,152 244,7 % 1980 19,806,593 4,308,538 10,781,347 183,651 3,567,372 342,587 376,814 2 %,284 1981 20,852.943 4,609,631 10,956,185 188,918 3,937,980 345,935 551,830 262,% 4 Table 4 City of Riverside PROPERTY TAX LEVIES AND COLLECTIONS LAST TEN FISCAL YEARS Total Total Percent Prior Years Collections Fiscal Secured Unsecured Total Tax Secured Unsecured Collecti ons of Levies Levies Total Tax as Percent of Year Roll Roll Levies Roll Roll Current Levies Collected Collected Collections Current Levies 1972 $ 3,095,280 314,156 $ 3,409,426 $ 2,933,856 317,906 $ 3,251,762 95.47, 129,613 $ 3,381,375 99.2% 1973 3,254,068 309,128 3,563,196 3,094,140 311,687 3,405.827 95.6 165,426 3,571,253 100.2 1974 3,120,492 282,802 3,403,294 2.959,627 287,576 3,247,203 95.4 124.919 3,371.122 99.1 1975 3,407,228 280,331 3,687,559 3,179,28k 273,101 3,452,385 93.6 132,092 3,584,477 97.2 1976 3,668,298 306,611 3,974,909 3,%1,%7 282,723 3,7 %,190 94.2 182.716 3,926,906 98.8 1977 4,039,196 324,124 4,363,320 3,916,530 327,449 4,243,979 97.3 188,381 4,432,360 101.6 1978 4,447,% 7 353,994 4,799,%1 4.335,416 394,782 4,730,198 98.6 75,336 4,805,534 100.1 1979 N/A N/A N/A 2,801,8 % 162,400 2,964.2 % N/A 45,915 3,010,161 N/A 1980 N/A N/A N/A 3,949,426 231,718 4.181.1 % N/A 122,840 4,303,984 N/A 1981 N/A N/A N/A 4.340,907 167,300 4,508.207 N/A 101.424 4,609,631 N/A 1. Current tax collecticas shown for each fiscal year f rom 1969 through 1976 do not include final June 30 settlement received f rom the County af ter close of fiscal year. 2. Current tax collection shown for fiscal year 1978 includes final June 30 settlement received f rom the County af ter close of fiscal year. 3. Unsecured roll is tax at prior year secured tax rate. 4 Because the City, by law, is no longer required to set a tax rate other than the debt service rate, and is receiving only a percentage of the taxes collected by the County of Riverside. It no longer can compute the percentage of tax collected to the amount levied af ter fiscal year 1978 I ~ 50
I Tabis 5 City of Riverside ASSESSED VALUE OF TAXABLE PROPERTY LAST TEN FISCAL YEARS Exemptions Exemption Total Homeowners Net Total Fiscal Secured Unsecurad Vbteren. Tax Rate and Business Assessed Year Roll Roll Total Church etc. Purposes inventory valuation 1972 309,323,928 32,491,595 341.815.523 -19,047,439 322,768,084 521.048,038 301,720,046 1973 325,345,927 31,889,355 257,735,282 -20,911,510 336,823.772 -21,496,668 315,327.104 " 1974 345,040,631 32.200,537 377,241,168 -21,404.110 255,837,058 -54,660,593 301,176.465 1975 370,416,486 33,993,310 404,409,796 -18,502,658 385,907,138 -59,574,503 326,332,635 I 1976 402,030,621 36,878,217 438,908,838 -22,417,207 416.491,631 -64,729,738 351,761,893 1977 436,496,161 39,384,671 475,880,832 -22,463,430 453,417,402 -67,282,903 386,134,499 1978 534,595.383 42,331,230 576,926,613 -34,536,404 542,390,209 -70,897,030 471,493,119 1979 607,878,776 49,731,951 657,610,727 -43.151,676 614,459,051 -75,425,958 539,033,093 1980 714,536,191 67,646,782 772,182,973 -56,882,834 715,300,139 -80,437,557 634,762,582 1981 784,931,631 35,677,845 820,609,476 -57,712,659 762,896,817 -55.847,588 707,049,229 The State of California requires that all property be assessed at 257. of market value. The County of Riverside assesses all property with the City of Riverside and only a portion of the property in any one year. Table 6 City of Riverside i PROPERTY TAX RATES - ALL OVERLAPPING COVERNMENf5 LAST TEN FISCAL YEARS Fiscal Basic County, School County of Year City, School Levy City Districts Riverside Other Total I 1972 t.130 5.780 2.5250 .8730 10.7080 1973 1.130 5.930 2.f250 .8600 10.7450 1974 1.130 5.758 2.6730 .8700 10.4310 1975 1.130 5.455 2.6350 .8600 10.0700 I 1976 1.130 6.387 2.f330 .8560 11.0060 1977 1.130 6.384 2.9230 8220 11.2590 1978 1.010 6.077 2.5440 8160 10.4470 1979 4.00 .130 450 .0300 .3320 4.9420 1980 4.00 .100 .359 0200 .3410 4.8200 I 1981 4.00 . 080 .358 .0020 .2700 4.7100 8. Represents one of 46 tax districts within the City of Riverside. 2. Secured property taxes are due in two Installments: Novead er 1 and February 1. They become delinquent December 10 and April 10, respectively. 3. Unsecurred property taxes are due July 31, and become delinquent August 31. 4. Delinquent penalty Is 6L 5. If taxes become delinquent they are deeded to the state and may be sold by the county tax collector for taxes due plus 1% per month redemption fee. I 6. All property taxes are collected by the County of Riverside with no collection fee charged to the City. I s' I
I Table 7 City of Riverside 3 RATIO OF NET CENERAL BONDED DEST TO ASSESSED VALUE AND NET BONDED DEST PER CAPITA LAST TEN FISCAL YEARS Ratio of Net 3 Less Bonded Debt Net Bonded Fiscal Assessed Cross Debt Service Net To Assessed Debt per Year Population value Bonded Debt Fund Bonded Debt Value Capita 1972 145,900 322,768,084 6,935,000 97,106 6,837,893 021 46.87 1973 150,700 336,823,772 6.455,000 101,697 6,353,303 019 42.16 1974 154,500 355,837,058 5,955,0eo 97,104 5,857,896 016 37.92 1975 153,400 385,907,138 5,445,000 93,109 . 5,351,891 014 35.35 1976 154,500 416,491,631 5,435,000 97.358 5,337,642 .013 34.55 1977 154,500 453,417,402 4,905,000 114,162 4,790,838 .011 31.01 1978 156,309 542,390,209 4,810,000 133,473 4,676,527 .009 30.77 1979 162,800 684,459,041 4,240,000 512,723 3,727,277 006 22.90 1980 Federal Census 165.087 715,300,139 3,665,000 495,439 3,169,561 005 19.20 1981 170,876 762,896,817 3.035,000 334,482 2,700,518 .004 15.80 Population figures supplied by the State of California, Finance Department except DJt$0. Table 8 Table 9 City of Riverside City of Riverside COMPUTATION OF DIRECT AND OVERLAPPING DEST COMPUTATION OF LEGAL DE8T MARGIN As of June 30, 1981 As of June 30, 1981 Percentage Applicable to City of Riverside Assessed Valuation, June 30, 1981 $903.238.800 City of Riverside
- Share of Debt Debt Limit: 15% of Assessed Valuation
$121,960,590 Direct Debt: City of Riverside 100.0% $ 3,035,000 Amount of debt appIlcable to debt limit: Overlapping Debt: Total bonded debt $127,500,000 County of Riverside 17.51 84,067 Less assets in debt service School Districts: funds 334,482 Riverside Unifled 91.72 - 92.92 13,618.588 other deductions allowed Riverside Comunity College 60.32 603,210 by law: Alvord Unified 89.41 - 92.79 3,669,456 Electric Revenue Bonds 89,310,000 Highgrove School 54.97 5.497 water Revenue Bonds 30,915,000 Horeno Valley Unified 8.40 2,447 Parking District No. 1 Jurupa Unifled .004 9,033 Revenue Bonds 565,000 Other Districts: Sewer Revenue Bonds 3.675,000 124.799.482 Flood Zone No. 1 73.09 14,453,152 _Le Sierra Community Services 100.0 180,000 Total debt applicable to debt lirst 2.700.518 Hetropolitan water Olstrict 1.032 5.182,940 Western Municipal Water District.010 - 32.79 84.854 Total Debt Margin, June 30, 1981 $119.260.072 Total Overlapping Debt 37.823.174 Debt limit set by City Charter at 15% of assessed valuation for general obilgation bonds. TOTAL DIRECT AND OVERLAPPlNG DEBT $40.858.174
- Determined by ratio of assessed valuation of property subject to taxation in overlapping agency to valuation of property subject to taxation in the City of Riverside.
52
l lI I t l l i l Table 10 City of Riverside RATIO OF ANNUAL DEBT SERVIEE EXPENDITURES FOR CENERAL BONDED DEBT TO TOTAL CENERAL EXPENDITURES LAST TEN FISCAL YEARS Total Ratio of Debt Services Fiscal Total Debt General to General Expenditures Year Principal Interest' Service Expenditures (Percent) 1972 480,000 257,362 737,362 19,473,072 3.8 1973 480.000 241,481 721,482 20,935.499 3.4 I 1974 500,000 225,575 725.575 22,565,762 3.2 1975 510,000 209.153 719,153 27,330,450 2.6 1976 510,000 192,283 702,283 29,870,820 2.4 1977 530,000 201,382 731,382 33,551,745 2.2 1978 545,000 182,882 727,882 40,090,091 1.8 1979 570,000 196,868 766,868 41,217,758 1.9 1980 575,000 165.143 740,143 46,753,609 1.6 1981 630,000 144,142 744,142 56,318,726 1.3 / I I. I 8 53
I Table 11 City of Riverside SCHEDULE OF REVENUE BOND COVERAGE LAST TEN FISCAL YEARS Net Revenue W Fiscal Gross Available for Debt Service Requirements Year Revenue Expenses Debt Service Principal Interest Total Coverage Electric 1972 $13.5%,764 $10,206,116 $ 3,340,648 325,000 $ 444,621 769,621 4.3 1973 14,971,619 10,815,967 4,155,652 325.000 431,676 756,676 5.5 1974 18,767,151 13,809.172 4,957,979 450,000 583,892 1,033,892 4.8 fj 1975 29,658,725 23,458,719 6,200,006 445,000 569,934 1,014,934 6.1 1976 33,701,055 28,249,1 % 5,451,909 450,000 570,985 1.020,985 5.3 1977 36.514.878 31,519.915 4,994,963 450,000 536,300 986,300 5,t 1978 43,926,478 35,592,986 8,333,492 580,000 596,940 1,446,940 5.8 1979 47,907,159 40,411,621 7,495,538 1,250,000 568,940 1,818,940 4.1 1980 57,519,511 49,729,396 7,790.115 1.300,000 512,433 1,812,433 4,3 1981 71,694,625 61,083,454 10,611,171 900,000 453,955 1,393,955 7.6 (Excludes Refunding Water Activity) 1972 $ 4,106,318 $ 1,982,852 $ 2,123,%6 340,000 370,086 710,086 3.0 1973 4,208,927 1,966,148 2,242,779 400,000 616,079 1,016,079 2.2 1974 6,305,783 2,432,936 3,872,847 365,000 793,837 1,158,837 3.3 1975 6,964,714 2,950,754 4.013,960 458,000 1,099,087 1,557,c87 2.6 1976 7,302.M 6 3.325,859 3,796,607 585,000 1,3 %,050 1,931,050 2.1 1977 7,621,286 3,579,938 4,041,348 615,000 1,408,083 2,023.083 2.0 1978 9,267,674 4,172,385 5,095,289 715,000 1,591,482 2,306,482 2.2 1979 10,198,723 4,504.733 5,693,990 901,000 1,928,772 2,829,772 2.0 1980 11,977,707 5,260,589 6,717,120 935,000 1,876,822 2,811,822 2.4 m 1981 12,752,078 6,372.171 6,379,907 940,000 1,820,671 2,760,671 2.3 Sewer 1972 $ 1,653,035 796,806 856,229 40,000 83,620 123,620 6.9 1973 1.702,605 8 %,118 856,487 45,000 81,195 126,195 6.8 1974 1,891,003 901,922 898,081 50,000 78.595 128,595 7.7 1975 1,795,619 1,081,934 713,685 55,000 75,608 130,608 5.5 1976 1,768,768 1,?27.713 541.055 60,000 72,446 132,446 4,t 1977 2,473,860 1,310,977 1,162,883 60,000 69,070 129,070 9.0 1978 2,759,272 1.496,235 1,263,037 60,000 65,620 125,620 10.1 1979 2,933,859 1,521.231 t,412,628 65,000 118,926 183,926 77 1980 3,434,130 1,683,587 1,750,543 120,000 226,609 3 %,609 5.1 e 1981 6,911,388 2,238,158 4,673,230 150,000 215,874 365,874 12,8 Parking District No, i Revenue Bonds investments held by the Security Pacific National Bank acting as trustee, provide suf ficient funds to guarantee payment of the remaining Parking District No. I bonds and interest coupons as they mature. Expenses exclude contributions to general fund, depreciation and bond Interest and sales expense. I 54 ~
I Table 12 City of Riverside SUNNARY OF DEBT SERVICE REQUIREMENTS AND LONG TERM LEASE OBLICATIONS TO HATURITY I Annual Principal and Interest Annual Lease Payments General Fiscal Obligation Revenue Airport Parking Year Bonds Bonds Terminal City Hall Exhibit Hall Garage Total I 1982 736,217 $11,646,958 36,500 $ 1,008,600 $ 925,000 285,700 $14,638,975 1983 513,810 11,789,2 0 36,500 1,008,600 925,000 285,700 14.558,820 1984 351,080 11,655,064 36,500 t,008,600 925,000 285,700 14.261,944 1985 355,842 12,077.356 36.500 1,008,600 925.000 285.700 14,688.998 1986 246,493 12,077,698 36,500 t,008,600 925,000 285.700 14.579,991 1987 243.507 11,787.091 36.500 t,008,600 925,000 285.700 14.286,398 1988 240,090 11,624,524 36.500 1.008,600 925,000 285.700 14.120,414 1989 241.457 11,551,975 36,500 1,008,600 925,000 285,700 14,049,232 1990 237,265 11,508,907 36,500 f.008,600 925,000 285.700 14.001,972 I 1991 237,640 11.324,067 36,500 1,008,600 925,000 285,700 13,817,507 1992 177,555 11,328,519 36.500 1,008,600 925,000 285.700 13,761,874 1993 85,180 11,331,885 1,008,600 925,000 285.700 13,636,365 1994 42,100 11,347.175 1,008,600 925,000 285.700 13,608,575 1995 11,334,758 1,008,600 925,000 285.709 13,554,058 I 1996 11.307,658 1.008,600 925,000 285,700 13,526,958 1997 11.191,201 1,008,600 925.000 285,700 13,410,501 1998 10,944,440 1,008,600 925,000 285,700 13,163,740 1999 10,899,748 1,008,600 925.000 285.700 13,l'9,0,8 2000 t0,617.536 t,008,600 925,000 285.700 12,836,836 I 2001 10,473,829 9 - 1,008,600 925,000 285.700 12,693,129 2002 10,316,826 1,008,600 925,000 285,700 12,536,126 2003 9,720,205 1.008,600 925,000 285,700 11,939,505 2004 9,676,005 925,000 285,700 10,886,705 2005 9,148,855 9,148,855 2006 8,825,154 8,825,154 2007 8,658,455 8,058,455 2008 8,383,405 8,383,405 2009 7.889,338 7,889,338 2010 7,864,037 7,864,037 2011 7,818,875 7.818,875 2012 7.751,425 7,751,425 2013 7,706.837 7,706,837 2014 7.654,050 7.654,050 $ 3.708.236 $319.211.066 9 401.500 $22.189.200 $21.275.000 $ 6.571.?00 $191.378.102 I I I 55
I l Table 13 City of Riverside 4 SPECIAL ASSESSMENT COLLECilff45 LAST TEN FISCAL YEARS Total Outstanding Fiscal Current Current Assessment Ratio of Collections Current and Delinquent Year Assessments Due Collected to Amount Due Assessments 1972 44,283 44,283 100.04 1973 22,015 21,387 97.1 628 1974 53,749 53,749 100.0 1975 f 45,223 45.223 100.0 1976 41,545 16.117 38.7 25,428 1977 27,703 27,651 99.8 25,480 1978 25,316 25,316 100.0 24,139 1979 50,313 50,313 100.0 18,400 1980 15,574 15,574 100.0 15,608 1981 24,134 24,134 100.0, 13,015 Table 14 City of Riverside SALARIES AND SURETY BONDS OF PRINCIPAL OFFICERS for Fiscal Year Ended June 30, 1981 Amount of Name Title Annual Salary Surety Bond Hurray Bywater Airport Director 26,664 50,000 Alice Hare City Clerk 30,299 50,000 E Raul A. Lopez Museum Director 34,116 50,000 Vacant Personnel Director 50,000 Harold E. Brewer Finance Director 43,260 200,000 Linda Wood Library Director 44,508 50,000 Richard J. Bosted Fire Chief 44.604 50,000 Louis Hernandez Park and Recreation Director 45,997 50,000 Herie G. Gardner Planning Director 46,727 50,000 Robert C. Wales Public Works Director 50,101 50,000 Victor E. Jones Police Chief 50,640 50,000 John Woodhead City Attorney 54,683 50,000 Everett C. Ross Public Utilities Director 5o,389 50,000 Douglas G. Welford g City Manager 57,504 50,000 g Vacant Public Service Director 50,000 g Based on salary rate of June 18, 1981. I I ~
i I Table 15 Table 16 i M City of Riverside City of Riverside PROPERTY MARKET AND ASSESSED VALUES PRINCIPAL EMP*.0 VERS (1) LAST TEN FISCAL YEARS Fiscal tAmber of Year Market Value Assessed Value Firm / Institution Principal Product Employees 1972 $1,347,295,088 $336,823,772 Manufacturing: 1973 1,423,348,232 355,837,058 Rohr Enterprises Alrcraft and rocket motor 1974 1,543,628.552 385,907,138 assembiles 3,000 1975 1,665,966,524 416,491,631 Bou rns, Inc. Electronic components and 1976 1,769,794,104 442,448,526 systems 1,500 1 1977 2,161,377,532 540,344,382 Toro Company Automatic Irrigation systems 400 1978 2,513.578,748 628,394,687 Owens-filinois/ Lily Paper and plastic cups and 1979 - p 740,053,848 Division containers 455 1980 814,059,233 Fleetwood Enterprises Hoblie homes, recreational 1981 I 903,238,800 vehicles 750 Alumax, Inc. Aluminum mill products 266 Butcher Boy Products Frozen ethnic foods 650 The Ci ty can no longer determine market value f rom the assessed Hunter Engineering Co. Rolling mill machinery and value due to a change in California law voted in by the electorate equipment 270 June 6, 1978. Caddock Electronics Film registers, etc. 210 Luxfor Ltd. Comprested gas cylinders 232 Nonmanufacturing: County of Riverside County government 7,090 University of California State University 3,880 Riverside Unified School District Public school system 2,500 City of Riverside Municipal government 2,042 Riverside Consnunity Hospital Private hospital 1,020 I Pacific Telephor.e Telephona utility 1,500 Alvord Unlfled School District Public school system 860 Press-Enterprise Co. Daily newspaper 858 Source: Riverside County Department of Development, February,1981. (1) in lieu of principal taxpayers the City of Riverside has substituted principal employers because tax Infarmation not currently available. The County of Riverside tax collector will supply property tax amounts for these employers in future years to satisfy CAAP reporting require-I ments. I 57
I Table 17 E City of Riverside SCHEDULE OF INSURANCE IN FORCE 3 June 30,1981 Setf-Insured Empiration Type of insurance Type of Coverage Co-insurance Amount of Coverage Deduc t i ble Date Property: All property and contents Fire /ECE and VMM, EqDA, Rental Airport lease Company, $72,125,349 5,000 7-1-81 Income Civic Center Authority and Parking Authority Special Coverage: Automotive vehicles Fire /Thef t and Comprehensive 5,000,000 100,000 9-30-83 g Helicopters All Risk 60,000 ea. 250 - 3,000 1-7-82 Liability: Airport Genera l IiabIIity 25,000,000 350 7-1-81 Heticopters General IiabiIity 25,000,000 1-7-82 General City General liability 25,000,000 1,000,000 1-8-82 Boiier and Machinery General IlabiIity 500,000 250 4-12-83 Employee Benefits: AirTjavel AD anp D 100 000 g Denta Full Continuous gra Kaiser Hospital / medical Full Continuous Aetna Hospital / medical Unlimited Continuous Life: All employees Li fe, AD and D 4,000 - 10,000 Continuous Management employees Life, AD and 0 10,000 - 25,000 Con ti nuou s Workers compensation industrial injury 10,000,000 250,000 4-l-82 Crime and Dishonesty, employees Dishonesty, disappearance and destruction 50,000 Continuous W Official bonds Mayor and Members of City Council, each 3,000 Upon election Con t rol le r/ Treasu re r 200,000 5-1-82 1. Claim adjustnent services for the self-insured portion of the general liability and property danage insurance is provided by contract with Crawford and Comp an y, insurance adjusters. The estimated reserves required as uf A ne 30, 1981 for claims incurred but not paid amounted to $488,152. The City has a reserve of $1,254,360 at June 30, 1981. 2 Claim adjustment services for the self-insured portion of the workers compensation insurance is prt>vided by contract with R. L. Kau tz and Company. The estimated s eserve requirements as of June 30, 1981 for claims incurred but not paid amounted to $1,019,258. The City has a reserve of $1,321,087 at June 30, 1981. 3. Public Of ficial Bond is required by Section 611 of the City Charter, the amount specified by Ordinance No. 4401. I 58
i Tchte 18 City of Riverside MISCELLANEOUS STATISTICAL DATA Geographic Location - Southern California approximately 50 miles east of Building Construction and Taxable Retali sales: Los Angeles and 90 miles north of San DIego, contiguous to desert and Building Construction mountain regions. Permits Estimated T axatile Year issued Value Retail Sales Altitude - 851 feet at City Hall. 3900 Main Street. Residential areas vary 1980 6,997 $ 75,462,776 994,267,000 from 800 to 1200 feet. 1975 3,425 96,731,398 538,267,000 1970 2,865 28,647,329 307,378,000 Area and Population: 1960 2,314 17,515,358 137,326,000 Area 1950 2,033 10.753,102 N/A Year Square Miles Population I 1981 72.01 170,876 Miles of streets - 680 1970 71.52 140,089 1960 43.59 83,714 Miles of sewers - 955 1950 39.20 46,399 1940 39.20 34,696 Miles of Street Lights - 683.1 I 1930 39.20 30,645 1920 39.20 15,212 Traf fic signals - 152 1980 39.20 15,212 1900 7,973 Municipal services and Facilities (Budgeted positions shown in full time 1890 4,683 decimal equivalents): 1883 2,000 estimate Police Budgeted positlons 351.7 1980 population per square mile = 2,294 Stations I Helicopters 3 Average Rainf all - 8.51 inches Fire Budgeted positions 190.25 Climate. Minimum and Maximum: Stations 10 Spring 40-1000 Active apparatus 18 Summer 46-1040 Reserve apparatus 4 Fall 31-101 Training facilities 1 I 0 0 Winter 28-81 Library Budgeted positions 135.33 Date of incorporation - 1883 Library branches - Inside city 4 - ou ts i de ci ty 21 f orm o f Gove rnmen t - CounciI - Hanager BookmobIIes -2 City Charter Adopted - 1952 Museum Budgeted positions 11.0 ~ Fixed exhibits 65 Number of Budgeted Positions (Shown in full time decimal equivalents): Special exhibits 3 Reference library volumes 2,200 General government departments 141.20 Police Department 351.70 Parks and Recreation Budgeted positions 194.93 Fire Department 190.25 Total park acreage 982 Public Works Department 303.12 Comunity centers 2 Library Department 135.33 Playgrounds 28 Parks and Recreation Department 194.93 Public swiming pools 9 Museum Depa
- ment 11.00 (includes 6 owned by Alvord and Pubtle utilities Department 293.00 Unified school districts)
A8,, ort Department 6.00 toftball and baseball diamonds 24 1,ji6.$3 Hunicipal golf links ( l 9 hole, i 18 hole) 2 l 59
Auditoriums and tunicipal auditorium seating capacity 1,814 Other Schools Exhibit Hall Exhibit Hall: California Baptist College 5 Meeting and showrooms (300 to 20,800 7 Enrollment 730 square feet each) Loma Linda University, La Sierra Campus Assembly capacity fe0 - 3,000 Enrollment 2,500 Hunicipal Airport Budgeted positions 6 Private or Parochial Schools (Kindergarten - 12) 23 Passengers, annually 44 FIights, annual Iy I43,000 Length cf main runway 5.400 ft. Municipal Utilities Budgeted positions - Electric 173 - Water 120 Number of accounts - Electric 68.259 - Water 51,299 Miles of overhead distribution system 604.08 Miles of underground system 243.50 Annual consumption - estimated 1.025,276,000 kwh 2,018.081,631 cu. ft. Number of fire hydrants 4,723 Source of supply: Electric - Southern California Edison and Nevada Power Companies Water - Cityeed sources, supplemented by Metropoli tan Water Dis trict, if necessary. Education - Riverside is included in the Riverside Unified School District and the Alvord Unified School District dich also serves the County area south-west of the City. Riverside Unified School District: Senior High Schools 5 s Enrollment 7,161 Middle Schools (7 - 8) 5 Enrollment 3,627 Elementary Schools (Kindergarten - 6) 23 Enrollment 12.511 Alvord School District: Senior High Schools 3 Enrollment 2.892 Intermediate Schools (7 - 8) 3 Enrollment 2,123 Elementary Schools (Kindergarten - 6) 8 Enrollment 4,608 Riverside Comunity College District: Riverside City College Enrollment (Day) 7,429 Enrollment (Extended) 8,187 State of California University of California, Riverside Enrollment 4,764 School for the Deaf Enrollment 5f+0 United States Sherman Institute (Government School for Indians) Enrollment 700 60 -}}