HomeMy WebLinkAboutK StatisticalDESCRIPTION OF STATISTICAL SECTION CONTENTS
June 30, 2018
This part of the City of Palm Desert’s comprehensive annual financial report presents detailed
information as a context for understanding what the information in the financial statements, note
disclosures, and required supplementary information say about the city’s overall financial health.
Contents
Financial Trends
These schedules contain trend information to help the reader understand how the City’s
financial performance and well-being have changed over time.
Revenue Capacity
These schedules contain information to help the reader assess the City’s most
significant local revenue source.
Debt Capacity
These schedules present information to help the reader assess the affordability of the
City’s current levels of outstanding debt and the City’s ability to issue additional debt in
the future.
Demographic and Economic Information
These schedules offer demographic and economic indicators to help the reader
understand the environment within which the City’s financial activities take place.
Operating Information
These schedules contain service and infrastructure data to help the reader understand
how the information in the City’s financial report relates to the services the City provides
and the activities it preforms.
Sources: Unless otherwise noted, the information in theses schedules is derived from the comprehensive
annual financial reports for the relevant year, The City implemented GASB Statement 34 in 2001;
schedules presenting government-wide information include information beginning in that year.
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City of Palm Desert
Net Position by Component
Last Ten Fiscal Years
(Accrual Basis of Accounting)
Governmental Activities 2018 2017 2016 2015 2014
Net Investment in capital assets 438,184,070 449,037,170 459,644,720 473,722,694 466,246,732
Restricted 197,349,364 197,824,604 193,298,431 135,900,520 140,460,575
Unrestricted 83,054,707 87,091,894 78,812,066 71,530,456 105,537,785
Total Governmental Activities Net Position 718,588,141 733,953,668 731,755,217 (3) 681,153,670 (2) 712,245,092
Business-Type Activities -
Net Investment in capital assets 69,111,797 69,829,772 70,202,487 71,129,743 72,009,184
Restricted - - - - -
Unrestricted 5,609,843 4,829,456 4,479,575 4,302,958 3,920,382
Total Business-type Activities Net Position 74,721,640 74,659,228 74,682,062 75,432,701 75,929,566
Primary Government
Net Investment in capital assets 507,295,867 518,866,942 529,847,207 544,852,437 538,255,916
Restricted 197,349,364 197,824,604 193,298,431 135,900,520 140,460,575
Unrestricted 88,664,550 91,921,350 83,291,641 75,833,414 109,458,167
Total Primary Government Net Position 793,309,781 808,612,896 806,437,279 756,586,371 788,174,658
Governmental Activities 2013 2012 2011 2010 2009
Net Investment in capital assets 465,756,172 475,457,375 302,757,128 304,702,414 302,507,877
Restricted 132,741,798 119,736,419 147,648,424 143,394,780 159,157,317
Unrestricted 103,603,715 107,622,257 107,314,002 110,918,145 113,883,303
Total Governmental Activities Net Position 702,101,685 702,816,051 (1) 557,719,554 559,015,339 575,548,497
Business-Type Activities
Net Investment in capital assets 72,892,200 73,375,634 74,043,419 67,902,786 68,263,719
Restricted - - - - -
Unrestricted 3,682,061 3,901,816 4,068,623 4,391,160 4,686,899
Total Business-type Activities Net Position 76,574,261 77,277,450 78,112,042 72,293,946 72,950,618
Primary Government
Net Investment in capital assets 538,648,372 548,833,009 376,800,547 372,605,200 370,771,596
Restricted 132,741,798 119,736,419 147,648,424 143,394,780 159,157,317
Unrestricted 107,285,776 111,524,073 111,382,625 115,309,305 118,570,202
Total Primary Government Net Position 778,675,946 780,093,501 635,831,596 631,309,285 648,499,115
(1) On February 1, 2012 the State of California dissolved the City of Palm Desert Redevelopment Agency as part of the Statewide dissolution of all
City Redevelopment Agencies, which in turn created the Successor Agency to the Redevelopment Agency of the City of Palm Desert.
(2) The implementation of GASB Statement No. 68 and Statement No. 71 resulted in a prior year restatement decrease of $37.73 million in the
governmental activities net positons.
(3) The City's Capital Properties Capital Project Fund received $65,566,963 and the Housing Asset Fund received $6,571,706 for a combined total of
$72,138,669 of capital bond proceeds transferred from the Successor Agency.
181
City of Palm Desert
Changes in Net Position
Last Ten Fiscal Years
(Accrual Basis of Accounting)
Governmental Activities:
General government 18,467,097 15,708,054 14,836,881 16,337,393 19,194,343
Public safety 36,543,050 34,943,220 34,009,984 32,077,635 29,339,106
Housing & Redevelopment (1) 9,605,756 10,954,630 8,162,859 11,666,724 7,852,611
Parks, recreation and culture 8,240,115 9,850,200 9,223,126 8,598,242 8,327,402
Public works 18,358,907 14,892,145 47,044,197 19,144,213 21,123,197
Payments to other agencies - - - - -
Interest on long term debt 259,250 271,603 289,000 294,258 237,053
Total Governmental activities Expenses 91,474,175 86,619,852 113,566,047 88,118,465 86,073,712
Business-Type Activities:
Desert Willow Golf Course 8,763,220 8,243,515 8,165,183 8,433,267 8,452,001
Office Complex - Parkview 930,815 893,125 1,005,918 934,296 922,341
Total Business-Type Activities 9,694,035 9,136,640 9,171,101 9,367,563 9,374,342
Total primary government expenses 101,168,210 95,756,492 122,737,148 97,486,028 95,448,054
Program Revenues
Governmental Activities
Charges for services
General government 2,388,260 2,095,648 2,185,123 2,088,393 2,152,280
Housing & Redevelopment 7,551,760 6,861,450 7,029,595 7,971,265 6,851,603
Public safety 10,801,436 10,603,708 10,606,464 9,987,891 10,239,886
Parks, recreation and culture 821,824 793,527 772,801 772,728 729,076
Public works 2,685,831 2,327,521 2,186,153 1,832,241 2,180,877
Operating grants & contributions 8,555,881 7,931,900 9,496,520 7,512,894 9,745,609
Capital grants & contributions 2,442,621 7,710,355 10,839,715 19,297,015 21,086,051
Total Governmental Activities Program Revenues 35,247,613 38,324,109 43,116,371 49,462,427 52,985,382
Business-Type Activities
Charges for Service:
Desert Willow Golf Course 8,432,273 7,497,664 7,240,866 7,894,676 7,804,904
Office Complex - Parkview 1,250,456 1,284,462 1,280,230 1,306,042 1,254,521
Capital grants & contributions 167,670 605,186 111,942 47,768 94,076
Total Business-type activities program revenue 9,850,399 9,387,312 8,633,038 9,248,486 9,153,501
Total Primary Government program revenue 45,098,012 47,711,421 51,749,409 58,710,913 62,138,883
Net (Expense) / Revenue
Governmental activities (56,226,562) (48,295,743) (70,449,676) (38,656,038) (33,088,330)
Business-type activities 156,364 250,672 (538,063) (119,077) (220,841)
Total Primary Government Net Expense (56,070,198) (48,045,071) (70,987,739) (38,775,115) (33,309,171)
General Revenues & Other Changes in Net Position
Governmental Activities:
Taxes: (Combined/Net Pass-through) 50,150,650 47,628,454 44,747,151 41,931,997 39,952,738
Investment Earnings 1,901,536 1,041,232 2,074,934 494,452 358,674
Contributions not restricted for specific purpose - - - - -
Gain(loss) on sales of capital assets 17,274 2,145 24,292 11,720 488,319
Miscellaneous 1,573,106 1,522,363 1,828,677 1,726,007 1,994,506
Refunding of special assessment debt - - - - -
Transfers In / (Out) 300,000 300,000 237,500 437,500 437,500
Gain on Transfer to Successor Agency/ Extraordinary Gain (4)- - 72,138,669 - - - -
Total Governmental activities Net Revenues 53,942,566 50,494,194 121,051,223 44,601,676 43,231,737
Business-Type Activities:
Investment Earnings 74,873 26,494 24,924 11,774 13,646
Gain(loss) on sales of capital assets 131,175 - - 47,938 -
Transfers Out (300,000) (300,000) (237,500) (437,500) (437,500)
Total Business-type activities (93,952) (273,506) (212,576) (377,788) (423,854)
Total primary government 53,848,614 50,220,688 120,838,647 44,223,888 42,807,883
Change in Net Position
Governmental Activities: (2,283,996) 2,198,451 50,601,547 5,945,638 10,143,407
Business-Type Activities:62,412 (22,834) (750,639) (496,865) (644,695)
Total primary government (2,221,584) 2,175,617 49,850,908 5,448,773 9,498,712
(1)City has changed the manner in which it reports RDA expenditures. RDA and Housing expenditures are being reported under "Housing & Redevelopment".
(2) Required payment made to the State of California. For FY 2010 was $25,526,215 and FY 2011 was $5,255,397.
(3) On February 1, 2012 the State of California dissolved the City of Palm Desert Redevelopment Agency as part of the Statewide dissolution of all
City Redevelopment Agencies, which in turn created the Successor Agency to the Redevelopment Agency of the City of Palm Desert.
(4) The City's Capital Properties Capital Project Fund received $65,566,963 and the Housing Asset Fund received $6,571,706 for a combined total of
$72,138,669 of capital bond proceeds transferred from the Successor Agency.
Expenses 2016 2015 201420172018
182
City of Palm Desert
Changes in Net Position
Continued
Last Ten Fiscal Years
(Accrual Basis of Accounting)
Governmental Activities:
General government 16,375,295 17,387,080 17,182,987 16,701,292 17,328,291
Public safety 28,614,153 28,037,453 26,601,668 27,027,643 27,670,237
Housing & Redevelopment (1) 6,944,033 10,519,663 15,976,383 16,220,066 16,760,877
Parks, recreation and culture 8,752,623 6,033,019 7,337,403 7,312,679 7,210,706
Public works 16,316,237 17,407,751 16,984,334 19,900,937 22,036,017
Payments to other agencies - 16,994,265 39,418,936 63,320,650 39,085,940
Interest on long term debt 253,381 10,971,707 18,989,167 20,069,813 20,128,441
Total Governmental Activities Expenses 77,255,722 107,350,938 142,490,878 170,553,080 150,220,509
Business-Type Activities:
Desert Willow Golf Course 8,655,754 8,471,567 7,946,063 7,832,690 7,804,265
Office Complex - Parkview 984,811 1,031,178 861,786 875,394 852,746
Total Business-Type Activities 9,640,565 9,502,745 8,807,849 8,708,084 8,657,011
Total primary government expenses 86,896,287 116,853,683 151,298,727 179,261,164 158,877,520
Program Revenues
Governmental Activities
Charges for services
General government 1,833,823 1,805,442 1,921,573 2,127,138 7,574,059
Housing & Redevelopment 5,308,858 5,034,002 4,935,422 4,986,066 -
Public safety 11,147,297 9,041,801 9,825,352 9,431,478 9,396,435
Parks, recreation and culture 898,222 728,721 768,786 618,440 803,218
Public works 768,775 826,251 762,015 706,374 701,125
Operating grants & contributions 5,876,028 7,411,902 5,675,777 6,558,892 5,582,470
Capital grants & contributions 7,733,439 2,309,678 2,255,393 2,722,312 5,048,666
Total Governmental Activities Program Revenues 33,566,442 27,157,797 26,144,318 27,150,700 29,105,973
Business-Type Activities
Charges for Service:
Desert Willow Golf Course 7,494,819 7,635,352 7,338,640 7,054,263 6,872,935
Office Complex - Parkview 1,215,860 1,222,971 1,217,985 988,056 958,942
Capital grants & contributions 660,685 236,419 - - -
Total Business-type activities program revenue 9,371,364 9,094,742 8,556,625 8,042,319 7,831,877
Total Primary Government program revenue 42,937,806 36,252,539 34,700,943 35,193,019 36,937,850
Net (Expense) / Revenue
Governmental Activities (43,689,280) (80,193,141) (116,346,560) (143,402,380) (121,114,536)
Business-type activities (269,201) (408,003) (251,224) (665,765) (825,134)
Total Primary Government Net Expense (43,958,481) (80,601,144) (116,597,784) (144,068,145) (121,939,670)
General Revenues & Other Changes in Net Position
Governmental Activities:
Taxes: (Combined/Net Pass-through) 38,742,060 73,105,614 114,880,586 120,872,421 123,650,887
Investment Earnings 318,996 1,102,309 2,158,556 2,916,753 6,161,309
Contributions not restricted for specific purpose - 791,256 762,588 644,603 613,648
Gain(loss) on sales of assets --- - -
Miscellaneous 3,894,203 5,838,881 3,169,977 2,382,208 2,912,180
Refunding of special assessment debt -- - - -
Transfers In / (Out)437,500 440,000 (6,046,761) 53,237 (5,661,521)
Gain on Transfer to Successor Agency/Extraordinary Gain (4) - 144,011,578 - - -
Total Governmental Activities Net Revenues 43,392,759 225,289,638 114,924,946 126,869,222 127,676,503
Business-Type Activities:
Investment Earnings 3,512 13,411 22,559 62,330 87,590
Gain(loss) on sales of capital assets - - - -
Transfers Out (437,500) (440,000) 6,046,761 (53,237) 5,661,521
Total Business-type activities (433,988) (426,589) 6,069,320 9,093 5,749,111
Total primary government 42,958,771 224,863,049 120,994,266 126,878,315 133,425,614
Change in Net Position
Governmental Activities: (296,521) 145,096,497 (1,421,614) (16,533,158) 6,561,967
Business-Type Activities:(703,189) (834,592) 5,818,096 (656,672) 4,923,977
Total primary government (999,710) 144,261,905 4,396,482 (17,189,830) 11,485,944
(1)City has changed the manner in which it reports RDA expenditures. RDA and Housing expenditures are being reported under "Housing & Redevelopment".
(2) Required payment made to the State of California. For FY 2010 was $25,526,215 and FY 2011 was $5,255,397.
(3) On February 1, 2012 the State of California dissolved the City of Palm Desert Redevelopment Agency as part of the Statewide dissolution of all
City Redevelopment Agencies, which in turn created the Successor Agency to the Redevelopment Agency of the City of Palm Desert.
(4) The City's Capital Properties Capital Project Fund received $65,566,963 and the Housing Asset Fund received $6,571,706 for a combined total of
$72,138,669 of capital bond proceeds transferred from the Successor Agency.
Expenses 2011 (2)2010 (2)20092012 (3)2013
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184
City of Palm Desert
Fund Balances of Governmental Funds
Last Ten Fiscal Years
(Modified Accrual Basis of Accounting)
General Fund:2018 2017 2016 2015 2014
Nonspendable 10,509,094 9,067,979 9,528,630 10,312,261 7,745,320
Restricted - - - - -
Committed 59,666,638 - - - -
Assigned 15,492,508 658,817 991,853 1,771,278 4,425,423
Unassigned 4,702,308 74,259,748 71,842,172 67,727,130 66,203,203
Total General Fund 90,370,548 83,986,544 82,362,655 79,810,669 78,373,946
All other Governmental Funds:
Nonspendable 1,726 1,276 3,052 348 6,713 (5)
Restricted 169,549,126 171,044,474 165,411,544 (6) 106,261,212 114,194,435 (5)
Committed 16,751,821 16,771,055 16,873,834 16,952,887 21,644,068
Assigned 23,258,063 23,250,337 23,776,468 24,172,531 24,429,824
Unassigned - - - - -
Total all other Governmental Funds 209,560,736 211,067,142 206,064,898 147,386,978 160,275,040
General Fund:2013 2012 2011 2010 2009
Nonspendable 7,678,250 2,926,739 2,939,850 (1) 9,676,961 (1) 11,629,384
Restricted - - - - -
Committed - - - - -
Assigned 3,224,761 3,297,152 4,501,159 4,044,421 3,654,300
Unassigned 65,311,919 69,438,971 66,776,414 63,847,586 59,066,988
Total General Fund 76,214,930 75,662,862 74,217,423 77,568,968 74,350,672
All other Governmental Funds:
Nonspendable 49,319,200 39,525,247 40,925,918 41,050,481 23,361,744
Restricted 76,725,388 69,065,451 230,623,054 260,163,043 296,323,735
Committed 15,649,703 20,289,309 17,285,733 (3) 8,871,910 (3) 4,559,739 (2)
Assigned 14,144,969 17,552,726 19,375,999 16,432,292 23,812,325
Unassigned - - - - (2,392)
Total all other Governmental Funds 155,839,260 146,432,733 (4) 308,210,704 (4) 326,517,726 (4) 348,055,151
(1) RDA made payment on advances from the city.
(2) Start of new Energy program that loaned residents funds for energy efficiency.
(3) Housing Asset fund transfer for Capital Asset replacement to the Housing Authority.
(4) On February 1, 2012 the State of California dissolved the City of Palm Desert Redevelopment Agency as part of the Statewide dissolution of all
City Redevelopment Agencies, which in turn created the Successor Agency to the Redevelopment Agency of the City of Palm Desert.
(5) Advances to the Successor Agency reclassified from Nonspendable to Restricted for Special Revenue Funds.
(6) The City's Capital Properties Capital Project Fund received $65,566,963 and the Housing Asset Fund received $6,571,706 for a combined
total of $72,138,669 of capital bond proceeds transferred from the Successor Agency.
185
City of Palm Desert
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years
(Modified Accrual Basis of Accounting)
Revenues:2018 2017 2016 2015 2014
Taxes 61,906,859 59,466,545 56,735,503 52,571,369 50,464,511
Special assessments collected 3,445,246 3,318,114 3,296,705 3,058,766 3,486,220
Licenses & permits 1,326,049 1,678,709 2,057,843 1,757,250 2,262,907
Intergovernmental revenues 5,682,704 7,249,515 15,429,238 18,981,304 7,380,744
Rental income 6,675,632 6,439,458 5,896,480 5,660,762 5,626,850
Charges for services 2,894,821 2,356,363 2,082,843 1,819,464 2,165,020
Investment Earnings 3,626,892 2,086,224 1,837,319 1,242,662 864,853
Fines & forfeitures 162,370 135,276 295,269 224,612 231,768
Miscellaneous 2,886,542 2,594,433 2,317,499 2,377,923 3,539,552
Contributions from other government - 3,550,991 - 9,168 10,749,218
Contributions from property owners - - 7,868 - 420,590
Total Revenues 88,607,115 88,875,628 89,956,567 87,703,280 87,192,233
Expenditures:
General government 19,281,102 16,887,293 15,783,955 15,467,746 17,070,816
Housing & redevelopment 8,522,801 9,239,680 6,438,849 9,349,021 6,650,178
Pass-through-agreement - - - - -
Public safety 36,247,656 34,674,418 33,750,347 31,819,214 29,139,735
Parks, recreation & culture 6,467,713 7,157,821 6,831,534 6,236,717 5,802,941
Public works 12,183,852 8,794,894 11,031,584 13,082,388 12,741,764
Contributions to property owners - - 19,584,487 49 2,350,187
Capital outlay 915,422 2,169,035 7,071,738 19,339,987 6,273,822
Debt service:
Principal retirement 150,000 237,000 257,000 4,944,000 674,000
Interest and fiscal charges 260,971 277,814 296,336 240,219 242,495
Total Expenditures 84,029,517 79,437,955 101,045,830 100,479,341 80,945,938
Excess(deficiency of Revenues
over(under) expenditures 4,577,598 9,437,673 (11,089,263) (12,776,061) 6,246,295
Other financing sources (uses)
Transfers in 6,613,352 9,406,888 6,030,706 6,132,859 4,861,551
Transfers out (6,313,352) (12,218,428) (6,075,206) (6,971,359) (5,424,051)
Bond Premiums - - - - -
Bonds issued/Capital Accreation on bonds - - - - -
Payment refunded bond escrow agent - - - - -
Extraordinary Gain / (Loss) (2)- - 72,138,669 - -
Sale of property - - 225,000 2,163,222 911,001
Total Other financing sources (uses)300,000 (2,811,540) 72,319,169 1,324,722 348,501
Net Change In Fund Balance 4,877,598 6,626,133 61,229,906 (11,451,339) 6,594,796
Revenues:2013 2012 (1) 2011 2010 2009
Taxes 50,768,200 82,901,921 124,672,062 130,655,949 134,060,681
Special assessments collected 3,654,337 3,232,923 3,262,163 3,182,549 2,759,444
Licenses & permits 1,586,796 1,041,834 1,089,543 782,271 1,383,778
Intergovernmental revenues 5,097,892 6,637,426 7,605,282 8,700,234 9,543,551
Rental income 5,367,630 5,146,499 5,011,205 5,023,770 5,050,479
Charges for services 898,222 728,721 701,481 618,440 803,218
Investment Earnings 373,012 1,469,142 3,102,649 4,681,243 8,322,808
Fines & forfeitures 242,568 276,452 310,840 343,054 315,284
Miscellaneous 9,028,698 6,814,924 3,095,689 3,374,309 3,479,370
Contributions from other government - - - - -
Contributions from property owners - - - - -
Total Revenues 77,017,355 108,249,842 148,850,914 157,361,819 165,718,613
Expenditures:
General government 14,028,252 15,851,883 15,273,085 19,294,744 18,950,675
Housing & redevelopment 5,650,666 8,942,097 18,033,576 13,612,720 14,359,340
Pass-through-agreement - 16,994,265 39,418,936 63,320,650 39,085,941
Public safety 28,299,876 27,551,113 26,824,434 26,882,787 26,906,123
Parks, recreation & culture 6,162,449 3,685,334 3,845,901 4,534,505 5,122,900
Public works 9,819,591 11,306,021 11,256,499 13,971,797 16,241,963
Contributions to property owners - - - - -
Capital outlay 2,788,676 9,575,227 14,205,889 6,333,521 22,348,953
Debt service:
Principal retirement 318,000 9,032,707 22,914,707 15,250,707 12,778,707
Interest and fiscal charges 255,239 10,187,765 18,176,454 19,280,517 19,424,623
Total Expenditures 67,322,749 113,126,412 169,949,481 182,481,948 175,219,225
Excess(deficiency of Revenues
over(under) expenditures 9,694,606 (4,876,570) (21,098,567) (25,120,129) (9,500,612)
Other financing sources (uses)
Transfers in 11,274,539 24,453,724 69,995,597 59,960,402 68,088,670
Transfers out (11,010,550) (24,013,724) (70,555,597) (59,520,402) (67,649,434)
Bond Premiums - - - - -
Bonds issued/Capital Accreation on bonds - - 6,361,000 -
Payment refunded bond escrow agent - - - - 2,015,000
Extraordinary Gain / (Loss) (2)- (155,895,962) - - -
Sale of property - - - - -
Total Other financing sources (uses)263,989 (155,455,962) (560,000) 6,801,000 2,454,236
Net Change In Fund Balance 9,958,595 (160,332,532) (21,658,567) (18,319,129) (7,046,376)
0.9%18.6% 26.4% 19.6% 21.1%
(1) On February 1, 2012 the State of California dissolved the City of Palm Desert Redevelopment Agency as part of the Statewide dissolution of all
City Redevelopment Agencies, which in turn created the Successor Agency to the Redevelopment Agency of the City of Palm Desert.
For more information on the dissolution of the RDA please see Note 16 and 17.
(2) The City's Capital Properties Capital Project Fund received $65,566,963 and the Housing Asset Fund received $6,571,706 for a combined
total of $72,138,669 of capital bond proceeds transferred from the Successor Agency.
1.2%
Debt service as a percentage of noncapital expenditures
Debt service as a percentage of noncapital expenditures 0.6%6.4%0.7%0.5%
186
City of Palm Desert
Graphs - Changes in Fund Balances of Governmentals Funds
Last Ten Fiscal Years
(Modified Accrual Basis of Accounting)
(1) Combined Other is a combination of rental income, investment earnings, and charges for services.
(2) Miscellaneous Other is a combination of fines and forefeitures, miscellaneous, contributions from other governments, and contributions from property owners.
(3) Debt Expenditures is a combination of interest/fiscal charges and principal retirement .
(4) Public works is a combination of public works and contributions to property owners.
Note: Graphs excludes Other financing sources and uses.
$0
$50,000,000
$100,000,000
$150,000,000
$200,000,000
$250,000,000
$300,000,000
FY
2
0
1
8
FY
2
0
1
7
FY
2
0
1
6
FY
2
0
1
5
FY
2
0
1
4
FY
2
0
1
3
FY
2
0
1
2
FY
2
0
1
1
FY
2
0
1
0
FY
2
0
0
9
Total Revenues
Combined other (1)
Miscellaneous other (2)
Intergovernmental revenues
Licenses & permits
Taxes & Special Assessments
$0
$50,000,000
$100,000,000
$150,000,000
$200,000,000
$250,000,000
$300,000,000
FY
2
0
1
8
FY
2
0
1
7
FY
2
0
1
6
FY
2
0
1
5
FY
2
0
1
4
FY
2
0
1
3
FY
2
0
1
2
FY
2
0
1
1
FY
2
0
1
0
FY
2
0
0
9
Total Expenditures
Parks, recreation & culture
Pass-through-agreement
Debt Expenditures (3)
Capital outlay
Public works (4)
Public safety
Housing & Redevelopment
General Government
187
City of Palm Desert
Supplemental - Historical General Fund Revenues
(including Transers In)
Last Ten Fiscal Years
FY 2018 2017 2016 2015 2014
Revenue Type:
Sales Tax 18,627,704$ 18,505,449$ 18,994,779$ 17,565,134$ 17,258,958$
Transient Occupancy Tax 17,019,034 15,054,259 11,252,997 10,799,680 9,855,509
Property Tax (3)10,777,998 10,157,813 10,461,595 9,710,990 9,041,428
Investment Earnings 1,237,562 644,341 725,015 416,656 405,456
Transfer In 1,610,830 1,472,852 1,390,258 2,179,472 1,373,786
Franchises 3,097,521 3,146,702 3,095,873 3,102,431 3,007,215
State Subventions (1) (3)38,876 23,101 59,317 155,049 22,089
Building & Grading Permits 1,048,973 1,247,390 1,216,115 1,279,706 1,695,303
Reimbursments (4)1,388,654 1,407,811 1,589,511 1,604,707 1,809,323
Business License Tax 1,154,275 1,118,183 1,269,082 1,160,207 1,169,316
Timeshare Mitigation Fee 1,543,762 1,467,028 1,500,683 1,483,158 1,333,586
Plan Check Fees 691,096 431,115 592,818 505,370 662,893
Property Transfer Tax 664,822 690,975 491,060 558,965 530,556
Other Revenues (2)1,951,122 2,185,703 2,189,063 1,713,758 1,932,009
Total General Revenue 60,852,229$ 57,552,722$ 54,828,166$ 52,235,283$ 50,097,427$
FY 2013 2012 2011 2010 2009
Revenue Type:
Sales Tax 16,764,808$ 15,836,953$ 14,680,578$ 13,273,793$ 14,474,933$
Transient Occupancy Tax 9,188,981 8,085,225 7,421,769 6,848,132 7,030,048
Property Tax (3)9,529,018 7,976,494 8,341,728 8,707,567 8,776,917
Investment Earnings 126,206 408,661 793,461 1,766,868 2,142,915
Transfer In 2,127,655 2,240,703 2,691,634 4,747,672 2,684,568
Franchises 2,892,805 2,856,679 2,771,594 2,705,902 2,818,729
State Subventions (1) (3)26,691 25,759 236,211 151,489 173,448
Building & Grading Permits 1,206,935 750,442 783,031 575,852 950,805
Reimbursments (4)1,868,804 2,535,977 1,971,505 2,488,378 3,263,247
Business License Tax 1,149,551 1,076,541 1,085,411 1,071,997 1,258,688
Timeshare Mitigation Fee 1,292,859 1,110,227 1,192,490 1,483,220 949,871
Plan Check Fees 500,698 275,728 317,332 224,325 389,770
Property Transfer Tax 520,393 485,040 399,280 455,580 324,817
Other Revenues (2)1,961,314 1,398,669 1,475,154 1,567,651 1,601,947
Total General Revenue 49,156,718$ 45,063,098$ 44,161,178$ 46,068,426$ 46,840,703$
(1) State Subventions is any combination of motor vehicle and off-highway in-lieus, and subventions from state.
(2) Other Revenues is any combination of miscellaneous penalties and interest, permits, grants, parking bails, fees,
sales of maps and publications, vehicle and court fines, rental income and other revenues.
(3) The State of California reprogramed motor vehicle fees, the City now receives this as property taxes.
(4) Reimbursements is a combination of RDA costs and other reimbursements, due to dissolution in February 2012 the RDA reimbursement
is limited and applies to existing projects.
188
City of Palm Desert
Supplemental Graph - Historical General Fund Revenues
(Including Transfers In)
Last Ten Fiscal Years
(1) Combined Other is any combination of transfers, franchises, state subventions*, building and grading
permits, reimbursements, business license taxes, timeshare mitigation fees, plan check fees, property
transfer taxes. It also may include any combination of miscellaneous bails, fees, fines, grants,
incomes, penalties, permits, sales and taxes.
*State Subventions is any combination of motor vehicle and off-highway in-lieus, and
subventions from state.
$0
$10,000,000
$20,000,000
$30,000,000
$40,000,000
$50,000,000
$60,000,000
$70,000,000
F
Y
2
0
1
8
F
Y
2
0
1
7
F
Y
2
0
1
6
F
Y
2
0
1
5
F
Y
2
0
1
4
F
Y
2
0
1
3
F
Y
2
0
1
2
F
Y
2
0
1
1
F
Y
2
0
1
0
F
Y
2
0
0
9
Combined Other (1)
Interest
Property Tax
Transient Occupancy Tax
Sales Tax
189
City of Palm Desert
Supplemental - Historical General Fund Expenditures
(Including Transfers Out)
Last Ten Fiscal Years
FY 2018 2017 2016 2015 2014
Expenditure:
Public Safety (1)21,088,867$ 20,424,249$ 20,151,237$ 18,784,117$ 17,306,342$
City Administration (2)11,460,325 8,238,228 7,971,706 7,561,255 7,413,578
Public Works Administration 2,333,897 2,637,630 2,664,871 2,645,443 2,556,967
Community Promotions 1,179,305 1,062,611 791,565 749,631 618,138
Street Maintenance 2,020,797 2,418,451 2,709,328 2,631,590 2,806,168
Building Safety 1,579,734 1,849,442 1,888,290 1,847,798 1,783,918
Street Resurfacing 2,760 25,326 1,083,919 998,463 4,466
Public Works (4)1,133,007 970,877 1,004,989 1,067,837 1,018,435
Other Expenditures (3)13,669,533 18,302,019 14,010,275 14,512,426 14,430,399
Total Expenditures 54,468,225$ 55,928,833$ 52,276,180$ 50,798,560$ 47,938,411$
FY 2013 2012 2011 2010 2009
Expenditure:
Public Safety (1)17,002,291$ 16,532,894$ 16,047,991$ 15,671,095$ 16,266,052$
City Administration (2)7,180,519 7,670,377 8,023,314 8,556,627 10,076,543
Public Works Administration 2,528,131 2,527,817 2,380,255 3,021,319 3,720,106
Community Promotions 575,119 526,804 497,366 990,505 1,798,860
Street Maintenance 2,353,655 2,446,854 2,522,117 2,565,567 2,183,445
Building Safety 1,517,937 1,538,506 1,523,748 1,756,589 2,082,996
Street Resurfacing 1,179,743 2,332,968 2,268,901 708,006 1,115,721
Public Works (4)1,505,018 1,056,998 1,354,255 1,278,983 1,552,242
Other Expenditures (3)14,762,237 8,984,441 12,894,776 8,301,439 13,513,354
Total Expenditures 48,604,650$ 43,617,659$ 47,512,723$ 42,850,130$ 52,309,319$
(1) Public Safety is any combination of animal regulation, police services, and traffic safety expenditures, this does not include the cost
for Fire Services. Fire Services are reported in a different fund.
(2) City Administration is any combination of community services, auditing, City attorney, City clerk, City council and
City manager, information technology, elections, finance, general services, human resources, insurance, legal special services,
legislative advocacy and unemployment insurance expenditures.
(3) Other Expenditures is any combination of acquisitions, committees, contributions, community, retiree health
development, marketing, interfund transfers, parks, recreation and culture, extraordinary loss and visitor center,
included in the transfer out is transfer to the Fire fund for its shortfall.
(4) Public Works is a combination of curb & gutter, parking lot, storm drain, auto fleet, corporate yard
equipment, building maintenance, Portola Community center, storm water permit.
190
City of Palm Desert
Supplemental Graph- Historical General Fund Expenditures
(Including Transfers Out)
Last Ten Fiscal Years
(1) "Combined Other" is any combination of street maintenance, building safety, street resurfacing and public
works. It may also be aquisitions, centers, committees, contributions, community development,
marketing, interfund transfers, parks, recreation and culture, visitor center.
(2) City Administration is any combination of community services, auditing, City attorney, City clerk, City council and
City manager, information technology, elections, finance, general services, human resources, insurance, legal special services,
legislative advocacy and unemployment insurance expenditures.
(3) Other Expenditures is any combination of acquisitions, committees, contributions, community, retiree health
development, marketing, interfund transfers, parks, recreation and culture, extraordinary loss and visitor center,
included in the transfer out is transfer to the Fire fund for its shortfall.
(4) Public Works is a combination of curb & gutter, parking lot, storm drain, auto fleet, corporate yard
equipment, building maintenance, Portola Community center, storm water permit.
$0
$10,000,000
$20,000,000
$30,000,000
$40,000,000
$50,000,000
$60,000,000
F
Y
2
0
1
8
F
Y
2
0
1
7
F
Y
2
0
1
6
F
Y
2
0
1
5
F
Y
2
0
1
4
F
Y
2
0
1
3
F
Y
2
0
1
2
F
Y
2
0
1
1
F
Y
2
0
1
0
F
Y
2
0
0
9
Combined Other (1)
Community Promotions
Public Works Administration
City Administration (2)
Public Safety (3)
191
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192
City of Palm Desert
Supplemental Historical General Revenue and Expenditures Per Capita
Last Ten Fiscal Years
FY 2018 2017 2016 2015 2014
Total General Revenue (2)59,241,399$ 56,079,870$ 53,437,908$ 50,055,811$ 48,723,641$
Population (1)52,769 50,740 49,335 51,053 50,417
General Revenue Per Capita 1,123 1,105 1,083 980$966$
FY 2013 2012 2011 2010 2009
Total General Revenue (2)47,029,063$ 42,822,395$ 41,469,544$ 41,320,754$ 44,156,135$
Population (1)49,949 49,471 49,111 52,067 51,509
General Revenue Per Capita 942$866$844$794$857$
FY 2018 2017 2016 2015 2014
Total General Expenditures (2)49,992,388$ 48,427,111$ 48,134,252$ 46,302,187$ 44,183,659$
Population (1)52,769 50,740 49,335 51,053 50,417
General Expenditures Per
Capita 947 954 976 907$876$
FY 2013 2012 2011 2010 2009
Total General Expenditures (2)42,155,428$ 42,099,903$ 41,833,291$ 42,499,812$ 48,696,321$
Population (1)49,949 49,471 49,111 52,067 51,509
General Expenditures Per
Capita 844$851$852$816$945$
(1) Population figures are as of January start of fiscal year.
(2) Interfund Transfers In/Out and extraordinary loss (gain) are not included in total.
Sources: Population figures from State Department of Finance, City of Palm Desert Finance Department
193
City of Palm Desert
Assessed Value and Esitmated Actual Value of Taxable Property
Last Ten Fiscal Years
Fiscal Year
Ended June 30
Residential
Property
Commercial
Industrial
Property
Institutional
Property Vacant Land Less: Tax
Exempt
Total Taxable
Assessed Value
Total Direct
Tax Rate
Estimated Actual
Taxable Value (1)
2018 10,757,283,204 2,554,854,761 59,762,684 388,457,449 (313,754,093) 14,940,671,116 1.00000 14,445,331,683
2017 10,555,732,091 2,434,816,656 58,318,962 379,073,252 (306,174,550) 14,579,740,457 1.00000 14,095,158,994
2016 10,174,360,142 2,358,860,033 56,840,001 412,090,006 (312,620,004) 14,210,000,198 1.00000 13,743,682,041
2015 9,636,181,445 2,290,456,630 54,211,991 420,142,932 (298,165,952) 13,552,997,813 1.00000 13,086,962,905
2014 9,043,372,632 2,247,924,054 64,595,519 426,330,424 (297,139,386) 12,919,103,760 1.00000 12,453,921,285
2013 8,621,493,305 2,239,836,432 62,565,263 462,982,950 (300,313,265) 12,513,052,693 1.00000 12,064,845,537
2012 8,694,403,021 2,198,729,088 50,256,665 452,309,984 (288,975,823) 12,564,166,215 1.00000 12,123,771,853
2011 8,982,403,643 2,179,940,065 52,528,676 564,683,270 (288,907,720) 13,132,169,069 1.00000 12,707,884,566
2010 9,210,638,643 2,419,511,046 54,988,887 426,163,878 (274,944,437) 13,747,221,855 1.00000 13,334,233,975
2009 9,376,213,348 2,130,957,579 127,857,455 667,700,041 (255,714,909) 14,206,383,860 1.00000 13,808,181,235
(1) Estimated Actual Taxable Value = Net Taxable Value
Notes: Property Taxes in Riverside County are subject to the State of California's Proposition 13, Jarvis-Gann Initiative which allows reappraisals of real property only
when there is a change in ownership or new construction takes place. Further, the proposition limits property assessment increase to no more than two(2%) percent
annually. Property is assessed at one hundred percent (100%) of its fair market value at the time of new construction or change in ownership.
The tax rate is one (1%) percent of the assessed value.
Source: Riverside County Assessor thru HDL Coren & Cone
194
City of Palm Desert
Historical Net Assessed Taxable Values Citywide
Graph - Assessed Valuation Growth
Last Ten Fiscal Years
Historical Major Additions
Annexations FY Retail Centers FY
Cook Street Area 88/89 Town Center Mall 83/84
Country Club #28 93/94 Desert Springs Marriott 86/87
Price Club/Costco 93/94 One Eleven Town Ctr 88/89
Palm Desert CC #29 94/95 Mervyn's Center 92/93
Palm Desert Greens 04/05 Desert Crossing 95/96
Suncrest 04/05 Lucky's/Albertson Deep Canyon 96/97
Remodel 111 Town Ctr (Best Buy)97/98
Gardens on El Paseo 98/99
Remodel Westfield Mall (Sears, Barnes & Noble) 04/05
Sears Automotive 04/05
Lowes Home Improvement 05/06
Walmart / Sams Supercenters 05/06
Kohls 07/08
Golfsmith Extreme 08/09
El Paseo Village 09/10
Best Buy & Ulta 11/12
Remodel Westfield Mall (Dick's/H&M/Restaurants) 12/13
PGA Tour Superstore 12/13
Total Wine & More 13/14
Tesla Motors 15/16
Source: Riverside County Assessor thru HDL Coren & Cone
10.63%
-3.43%-4.70%-4.60%-0.49%
3.22%5.08% 5.02%2.56%2.48%
-5.00%
0.00%
5.00%
10.00%
15.00%
20.00%
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Percent Increase in Assessed Valuation
FY 2009 to FY 2018
$-
$5,000
$10,000
$15,000
$20,000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Value in Millions
Net Assessed Valuation - Historical Comparison
FY 2009 to FY 2018
195
City of Palm Desert
Supplemental FY 2018 and 2017 Breakdown of Basic 1% Property Tax Rate
Not In Redevelopment Project Area
Taxing Agency FY 2018 Rate FY 2017 Rate
County General 28.177327%28.177327%
County Free Library 2.728242%2.728242%
County Structure Fire Protection 5.873086%5.873086%
City of Palm Desert (1)0.000000%0.000000%
Desert Sands Unified School District 36.221587%36.221587%
Desert Community College 7.526714%7.526714%
Riverside County Reg. Park & Open Space 0.426231%0.426231%
Riverside County Office of Education 4.094919%4.094919%
Desert Hospital 1.996808%1.996808%
Coachella Valley Public Cemetary 0.339927%0.339927%
Coachella Valley Recreation & Park 2.071624%2.071624%
Coachella Valley Mosquito & Vector Control 1.369698%1.369698%
Coachella Valley County Water 2.736607%2.736607%
Coachella Valley County Water Imp. District 80 2.972906%2.972906%
Coachella Valley County Water Storm Water Unit 3.464324%3.464324%
General Purpose Basic 1%100.000000%100.000000%
(1) City of Palm Desert is a No-Low Property Tax City and the 7% represents what the state allocates to No-Low Property
Tax Cities.
Source: County of Riverside, Property Tax Allocation Percentages, TRA 018-041.
196
City of Palm Desert
Property Tax Rates
Direct and Overlapping Property Tax Rates
Last Ten Fiscal Years
Fiscal
Year
Basic
County-wide
Levy
Total
Direct Tax
Rate
Desert Sands
Unified School
District
Desert
Community
College Dist.
Coachella
Valley Water
District
Coachella
Valley Water
District I.D. 58
2018 1.00000 1.00000 0.07251 0.04030 0.01000 0.00000
2017 1.00000 1.00000 0.08599 0.02036 0.10000 0.00000
2016 1.00000 1.00000 0.10915 0.02087 0.10000 0.00000
2015 1.00000 1.00000 0.10984 0.02325 0.10000 0.00000
2014 1.00000 1.00000 0.10954 0.01995 0.10000 0.00000
2013 1.00000 1.00000 0.11156 0.01995 0.08000 0.00000
2012 1.00000 1.00000 0.11467 0.01995 0.08000 0.00000
2011 1.00000 1.00000 0.10036 0.01995 0.08000 0.00000
2010 1.00000 1.00000 0.08112 0.01995 0.06000 0.00000
2009 1.00000 1.00000 0.07990 0.01995 0.04000 0.00000
Notes:Proposition 13 limits the ability of the city to raise the property tax rate.
Source: CalMuni Statistics Inc
City Direct Overlapping Rates
197
City of Palm Desert
Principal Property Taxpayers
Current and Ten Years Ago
2018 2009
Taxpayer Taxable
Assessed Value
Percentage of Total
City Tax Assessed
Value
Taxpayer Taxable
Assessed Value
Percentage of Total
City Tax Assessed
Value
WEA Palm Desert 153,280,347$ 1.06%Marriott Desert Springs $279,271,039 2.01%
Marriott Desert Springs 152,134,509 1.05%WEA Palm Desert LP 135,678,768 0.98%
Gardens on El Paseo LLC 133,879,627 0.92%Desert Crossing II 86,575,826 0.62%
WVC Ranco Mirage 128,514,726 0.89%Elisabeth E. Stewart 80,189,869 0.58%
PRU Desert Crossing LLC 98,233,189 0.68%Gardens SPE II 77,210,317 0.56%
CC Cimarron LP 65,426,527 0.45%Monarch Sevilla Venture 62,544,816 0.45%
Walmart Real Estate
Business Trust 50,780,771 0.35%Palm Desert Funding Co 60,922,381 0.44%
First American Trust 50,682,887 0.35%Canterra 58,920,898 0.42%
Segovia Operations 50,639,859 0.35%Walmart Real Estate
Business Trust 46,666,992 0.34%
Sunrise Spectrum 49,650,678 0.34%Time Warner Ent 43,628,923 0.31%
Total 933,223,120$ 6.44%Total 931,609,829$ 6.72%
Note:The estimated property tax revenue stated above is based upon net taxable values, tax ratios and base year values that impact the revenue
calculation. As a result, parcels with the same assessed value that are assigned to different tax rate areas may contribute dissimilar amounts
of total revenue to the City and Redevelopment Agency.
Source: HdL Coren & Cone thru Riverside County Assessor 17/18 and HdL Coren & Cone thru Riverside County Assessor 08/09
198
City of Palm Desert
Property Tax Levies and Collections
Last Ten Fiscal Years
Fiscal
Year Taxes Levied Collections
Ended for the Percentage in Subsequent Percentage
June 30, Fiscal Year Amount of Levy Years (4)Amount (4)(5)of Levy
2009 5,697,181 4,760,806 83.56% 135,057 4,895,863$ 85.93%
2010 5,372,247 4,686,541 87.24% 282,866 4,969,407$ 92.50%
2011 5,312,856 4,560,417 87.24%486,495 4,776,795$ 89.91%
2012 5,478,345 4,366,451 79.70% 1,111,894 5,478,345$ 100.00%
2013 5,398,524 4,913,780 91.02%484,744 5,398,524$ 100.00%
2014 5,623,740 5,048,787 89.78%574,953 5,623,740$ 100.00%
2015 5,911,501 5,523,658 93.44%387,843 5,911,501$ 100.00%
2016 6,212,993 5,943,252 95.66%269,741 6,212,993$ 100.00%
2017 6,731,899 6,022,566 89.46%182,652 6,205,218$ 92.18%
2018 6,729,952 6,553,297 97.38%173,642 6,726,940$ 99.96%
(1) City of Palm Desert is on the "Teeter Plan" with the County of Riverside. The first payment was
received in the fiscal year 1993/94.
(2) City of Palm Desert is a "No-Low Property Tax City". Proposition 13 rolled the tax rates back to 1973
which is when the City of Palm Desert incorporated and the Property Tax rates were zero.
Based on current state law the County allocates 7% of the 1% assessed values within the City less the
Redevelopment Agency tax increment. Fiscal Year 1992/93 was the first year to receive the No/Low taxes.
(3) Fiscal Year 1996/97 final total collected includes adjustments for No-Low property
tax collections from prior years modified by the County of Riverside. The County adjusted the payment to
the City of Palm Desert (FY 1995/96) for the annexation of Palm Desert Country Club.
(4) Includes tax collections accrued as of June 30, 2018.
(5) Includes amounts receivable for tax year 2017-2018 along with prior receivables due for prior tax years.
Source: Riverside County Auditor Controller Office and City of Palm Desert
Collected within the
Fiscal Year of the Levy (1) (2) (3)
Total Collections to Date
199
City of Palm Desert
Supplemental Top 25 Sales Tax Generators
Graph - Historical Sales Tax Trends
June 30, 2018
Top 25 Sales Tax Generators (1)Primary Economic Category
ALBERTSON'S FOOD CENTERS SUPERMARKETS
APPLE STORES SPECIALTY STORES
BEST BUY STORES LP APPLIANCE / ELECTRONICS
CIRCLE K FOOD STORES SERVICE STATIONS
COSTCO WHOLESALE COMPANY WHOLESALE GENERAL STORES
J.C.PENNY COMPANY DEPARTMENT STORES
JW MARRIOTT DESERT SPRINGS HOTEL / FOOD & BEVERAGE
KOHLS DEPARTMENT STORES DEPARTMENT STORES
LOWE'S HOME CENTERS BLDG.MATLS-WHSLE
MACY'S DEPARTMENT STORES DEPARTMENT STORES
NORDSTROM RACK DEPARTMENT STORES
PGA TOUR SUPERSTORE GOLF & SPORTING GOODS
RALPHS GROCERY SUPERMARKETS
SAKS FIFTH AVENUE DEPARTMENT STORES
SAM'S CLUB WHOLESALE GENERAL STORES
SEARS ROEBUCK & CO DEPARTMENT STORES
SIMPLOT PARTNERS SPECIALTY WHOLESALE STORES
SPECTRUM TV CABLE PROVIDER
STONELEDGE FURNITURE HOME FURNISHINGS
SUPERIOR POOL PRODUCTS SPECIALTY WHOLESALE STORES
TARGET STORES DEPARTMENT STORES
TESLA MOTORS AUTOMOBILE DEALER
TOMMY BAHAMA APPAREL STORES/RESTAURANT
TOTAL WINE & MORE SUPERMARKETS
WAL-MART SUPERCENTER DEPARTMENT STORES
(1) Listed in Alphabetical Order
Note : Current California law prohibits production of individual tax information as an effort not to infringe on proprietary
information, therefore confidential information which is protected by law is not disclosed.
*The State of California exchanged Sales Tax Revenue with Property taxes, this amount represents the portion of sales tax that were exchanged.
Source: SBOE Data, MuniServices LLC. In Lieu given to city from State ERAF Property Taxes, City of Palm Desert
$7.0
$9.0
$11.0
$13.0
$15.0
$17.0
$19.0
$21.0
$23.0
20
0
9
20
1
0
20
1
1
20
1
2
20
1
3
20
1
4
20
1
5
20
1
6
20
1
7
20
1
8
Millions
Sales and Use Tax Trends FY 2009 - 2018
-2.57%.66%
-15.8%
-8.3%
7.9%
5.9%
Amounts
% = % Change from Prior Year
1.8%
8.1%
14.474 13.273 14.680 15.836 16.764 17.258 17.564 18.994 18.505 18.627
10.6%
-In Lieu *2.9%
200
City of Palm Desert
Supplemental Taxable Sales by Category
Last Ten Calendar Years
Sector 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
Apparel Stores 1,912,324$ 2,017,617$ 2,054,232$ 2,080,342$ 1,956,390$ 1,884,720$ 1,738,840$ 1,682,350$ 1,341,860$ 1,424,880$
General Merchandise 3,675,927 3,588,672 3,678,239 3,786,704 3,809,305 3,783,700 3,667,800 3,210,230 3,043,960 3,266,730
Food Markets 804,225 753,419 757,334 799,835 807,438 767,770 507,340 468,900 405,730 448,800
Restaurants 3,074,872 2,955,944 2,820,500 2,725,634 2,561,784 2,377,780 2,276,530 1,520,430 1,374,750 1,459,070
Furniture/Appliance 1,093,695 1,146,949 1,099,638 1,048,971 988,716 996,960 973,270 971,710 974,150 1,061,660
Bldg.Matls-Wholesale 1,389,484 1,274,500 1,200,141 1,128,350 1,113,345 984,810 882,170 730,230 582,410 865,640
Automotive 606,305 525,291 256,144 221,758 201,898 198,570 182,640 150,940 113,140 103,010
Service Stations 465,705 430,720 508,861 597,432 624,849 638,490 866,370 607,640 664,160 649,120
Other Retail 1,875,083 1,912,870 1,879,937 1,869,242 1,769,914 1,586,330 1,489,210 1,414,080 1,857,220 2,180,050
Non-Retail (1)1,641,878 1,911,824 1,859,439 1,681,430 1,498,793 1,455,190 1,262,170 1,822,270 1,856,550 1,822,230
Totals 16,539,496$ 16,517,806$ 16,114,465$ 15,939,698$ 15,332,432$ 14,674,320$ 13,846,340$ 12,578,780$ 12,213,930$ 13,281,190$
City direct sales tax rate 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00%
(1) Non-retail are a mix of manufacturers, distributors, builders and professionals selling direct to consumers.
Note: The combined sales tax rate for the City of Palm Desert is 7.75%, which represents the State of California mandated tax rate
of 7.25% and 0.5% additional sales tax imposed by the County of Riverside.
The City of Palm Desert receives 1% of all sales tax generated within the city limits.
Source: Muniservices LLC via California State Board of Equalization
201
City of Palm Desert
Supplemental Principal Sales Tax Remitters
Current and Ten Calendar Years Ago
Tax Amount Percentage Tax Amount Percentage
General Merchandise 3,675,927 22.23% 3,266,730$ 24.60%
Other Retail 1,875,083 11.34% 2,180,050$ 16.41%
Non-Retail (1) 1,641,878 9.93% 1,822,230$ 13.72%
Restaurants 3,074,872 18.59% 1,459,070$ 10.99%
Apparel Stores 1,912,324 11.56% 1,424,880$ 10.73%
Furniture/Appliance 1,093,695 6.61% 1,061,660$ 7.99%
Service Stations 465,705 2.82% 649,120$ 4.89%
Bldg.Matls-Wholesale 1,389,484 8.40% 865,640$ 6.52%
Food Markets 804,225 4.86% 448,800$ 3.38%
Automotive 606,305 3.67% 103,010$ 0.78%
Totals 16,539,496$ 13,281,190$
(1) Non-retail are a mix of manufacturers, distributors, builders and professionals selling direct to consumers.
Note: The combined sales tax rate for the City of Palm Desert is 7.75%, which represents the State of California mandated tax rate
of 7.25% and 0.5% additional sales tax imposed by the County of Riverside.
The City of Palm Desert receives 1% of all sales tax generated within the city limits.
Source: Muniservices LLC via California State Board of Equalization
2017 2008Industry
202
City of Palm Desert
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
Business Type Activities
Special Assessment/ Compensated Absences Total Percentage Total Debt
Fiscal Local Obligation Claims and Judgments Note Capital Primary of Total Personal Per
Year Bonds b Payable Payable Leases Government Income a,f Capita a,f
2009 4,717,000 c 3,538,422 368,121 955,141 9,578,684 0.39%200
2010 10,095,000 d,e 3,062,201 245,414 328,273 13,730,888 0.56%287
2011 9,543,000 2,798,466 122,707 1,035,721 13,499,894 0.55%282
2012 9,238,000 3,268,224 -2,291,358 14,797,582 0.61%309
2013 8,920,000 3,334,322 -1,751,083 14,005,405 0.57%292
2014 8,246,000 3,713,172 -1,222,915 13,182,087 0.54%275
2015 3,302,000 2,972,605 -1,435,046 7,709,651 0.32%161
2016 3,045,000 2,737,997 -929,860 6,712,857 0.28%140
2017 2,808,000 2,583,719 -499,881 5,891,600 0.24%123
2018 2,658,000 2,747,009 -1,493,330 6,898,339 0.28%144
Notes: Details regarding the city's outstanding debt can be found in the notes to the financial statements.
a - Personal income, population and per capita information provided by California Department of Finance,
and U.S Census Bureau and/or estimated by City Finance using 1% growth rate.
b - Special Assessment Government Activities includes Highlands Undergrounding AD No# 04-01, as of June 30, 2018 the balance was $1.368M.
c - Fiscal Year End 2009 the City issued the Energy Independence Program Limited Obligation Improvement Bonds Series 2009A (Taxable) $2.5 million to fund the
Energy Independence Loan Program. The actual Bond Issuance was for $2.015m.
d - The City issued $1.136 million dollars of the Energy Independence Program (AB811 Assessments) Limited Obligation Improvement Bonds (Taxable)
The special assessment collection will commence during the fiscal year 2010-2011. At June 30, 2018 the outstanding balance was $0.531M.
e - In addition the Palm Desert Financing Authority issued $5.225 million dollars of the Energy Independence Program Variable Rate Demand Lease
Revenue Bonds, Series 2009(Federally Taxable). On September 2, 2014 the bonds were called in full.as of June 30, 2017 their were no outstanding bonds.
f - Personal income and Per Capita statistic includes government and business type activities combined.
Governmental Activities
203
City of Palm Desert
Ratios of General Bonded Debt Outstanding
Last Ten Fiscal Years
General Bonded Debt Outstanding
Percentage of Actual
Special Assessment Taxable Value of Per
Bonds Property Capita
Note: There is no General Obligation Bonds from FY 2009 to FY 2018
204
City of Palm Desert
Supplemental Special Assessment Information
June 30, 2018
District Name\Description 2003 01-01 Revenue
Bonds 94-3 Merano 5
2003 01-01
Revenue Bonds
Silver Spur Ranch
Utility
Undergrounding 5
2004 R-Bonds
98-1
Canyons @ Bighorn
Community Facilities District
No. 2005-1 (University Park)
Special Tax Bonds Series
2006A
2004-2 Section 29
Assessment District
Limited Obligation
Improvement Bonds
Bond Issue Date 06/25/03 06/25/03 02/19/04 05/09/06 3/29/2007
Final Maturity Date 09/02/20 09/02/28 09/02/18 09/01/37 9/2/2037
Highest Interest Rate 5.25%5.375%5.100%5.424%5.100%
Bond Issue Amount 1,153,000$ 2,340,000$ 2,955,000$ 67,915,000$ 29,430,000
Matured Principal 878,000$ 910,000$ 1,550,000$ 11,705,000$ 5,190,000
Called Principal 10,000$ 160,000$ 1,340,000$ 27,015,000$ 2,305,000
Outstanding Bonds (4)265,000$ 1,270,000$ 65,000$ 29,195,000$ 21,935,000
Redemption Premium 3.00%3.00%3.00%3.00%3.00%
Original Parcels 121 201 97 78 748
Active Parcels 118 193 3 67 777
Reserve Requirement 26,500$ 1,270,000$ 66,658$ 2,468,500$ 1,756,913$
Reserve Balance 17/18 70,375$ 163,636$ 68,651$ 2,559,689$ 1,806,018$
Principal Due 18/19 (2)85,000$ 85,000$ 65,000$ 935,000$ 670,000
Principal Levied 17/18 (3)88,168$ 89,252$ 61,813$ 935,000$ 734,391
Interest Due 18/19 (2)6,870$ 65,179$ 1,658$ 1,533,500$ 1,086,913
Interest Levied 17/18 (3)13,965$ 68,737$ 3,152$ 1,556,875$ 1,208,534
17/18 Delinquency Rate 1.68%3.09%0.00%0.50%0.60%
Arbitrage Installment Computation Date:
90% Rebate Due 06/25/23 06/25/23 09/02/18 05/08/21 04/11/22
Arbitrage Yield Rate 4.913%4.9129%4.4994%5.3599%5.0134%
Arbitrage-Amount Owed - ----
Continuing Disclosure Last Report
Issued:1/10/2018 1/10/2018 12/15/2017 1/10/2018 1/20/2018
(1) Reserve Balances are as of 6/30/18.
(2) Amount represents principal and interest collected suring the FY 17/18 tax roll for Debt Service Payment due in FY 18/19.
(3) Levied amounts reflect adjustments for construction funds, reserve funds, redemption funds and other adjustments.
(4) Outstanding bond balance at June 30, 2018.
(5) The schedule presents the information for each individual local obligation bonded district. Assessment Districts
94-3 Merano and 01-01 Silver Spur were refunded and obligated to pay Debt Service to Series 2003 Assessment Revenue Bonds
see note 13 for additional information.
Source: Wildan Financial Annual Report
205
City of Palm Desert
Direct and Overlapping Government Activites Debt
June 30, 2018
2017/18 Assessed Valuation:14,447,437,657$
City's Share of
DIRECT AND OVERLAPPING TAX ASSESSEMENT DEBT:Total Debt 6/30/18 % Applicable (1) Debt 6/30/18
Desert Community College District 314,935,000$ 18.654% 58,747,975$
Desert Sands Unified School District 294,895,000 34.138% 100,671,255
Palm Springs Unified School District 405,516,959 4.382% 17,769,753
City of Palm Desert Limited Obligation Improvement Bonds 1,183,000 100.000%1,183,000
City of Palm Desert 1915 Act Bonds 24,903,000 100.000%24,903,000
City of Palm Desert Community Facilities District No. 91-1 0 100.000%-
City of Palm Desert Community Facilities District No. 2005-1 29,195,000 100.000%29,195,000
TOTAL DIRECT AND OVERLAPPING TAX AND ASSESSMENT DEBT 232,469,983$
OVERLAPPING GENERAL FUND OBLIGATION DEBT:
Riverside County General Fund Obligations 812,829,106$ 5.479%44,534,907$
Riverside County Pensions Obligations 266,365,000 5.479%14,594,138
Desert Sands Unified School District Certificates of Participation 43,550,000 34.138%14,867,099
City of Palm Desert General Fund & Enterprise Obligations 4,151,330 100.000%4,151,330 (3)
Coachella Valley Recreation and Park District Certificates of Participation 778,538 26.689%207,784
TOTAL GROSS OVERLAPPING GENERAL FUND OBLIGATION DEBT 78,355,258$
Less: Riverside County Supported Obligations 272,754
TOTAL NET OVERLAPPING GENERAL FUND OBLIGATION DEBT 78,082,504$
OVERLAPPING TAX INCREMENT DEBT:(SUCCESSOR AGENCIES)530,573,028$ 0.252-100%251,814,224$
TOTAL CITY DIRECT DEBT -$
TOTAL GROSS OVERLAPPING DEBT 558,488,135$
TOTAL NET OVERLAPPING DEBT 558,215,381$
GROSS COMBINED TOTAL DEBT 558,488,135$ (2)
NET COMBINED TOTAL DEBT 558,215,381$
(1) The percentage of overlapping debt applicable to the city is estimated using taxable assessed property value.
Applicable percentages were estimated by determining the portion of the overlapping district's assessed value that is within the boundaries of the city divided
by the district's total taxable assessed value.
(2) Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue and non-bonded capital lease obligations.
(3) Includes special assessment debt with government commitment, enterprise obligations with government comitment, and lease revenue bonds; if applicable.
Ratios to 20107-18 Adjusted Assessed Valuation:
Total Overlapping Tax and Assessment Debt 1.61%
Total Direct Debt 0.00%
Gross Combined Total Debt 3.87%
Net Combined Total Debt 3.86%
Ratios to Redevelopment Successor Agencies Incremental Valuation (9,333,112,954)$
Total Overlapping Tax Increment Debt 2.70%
Source: California Municipal Statistics, Inc., City of Palm Desert Finance Department
206
City of Palm Desert
Legal Debt Margin Information
Last Ten Fiscal Years
Assessed Value 14,447,437,657$
Debt Limit (15% of Assessed Value) (1)2,167,115,649
Debt Applicable to Limit:
General Obligation Bonds 1,368,000
Less: Amount set aside for
repayment of general obligation
debt -
Total Debt Applicable to Limit -
Legal debt margin 2,165,747,649$
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Debt Limit 2,076,172,690 1,999,731,410 1,969,825,360 1,884,624,932 1,811,620,824 1,869,699,132 1,963,741,235 2,059,815,120 2,114,442,742 2,167,115,649
Total Net debt applicable to limit 2,702,000 1,719,000 1,658,000 1,624,000 1,589,000 1,526,000 1,489,000 1,451,000 1,410,000 1,368,000
Legal debt margin 2,073,470,690 1,998,012,410 1,968,167,360 1,883,000,932 1,810,031,824 1,868,173,132 1,962,252,235 2,058,364,120 2,113,032,742 2,165,747,649
Total net debt applicable to the limit
as a percentage of debt limit 0.13% 0.09% 0.08% 0.09% 0.09% 0.08% 0.08% 0.07% 0.07% 0.06%
(1) Section 43605 of the California Government Code.
Source: California Municipal Statistic, Inc. San Francisco
Legal Debt Margin Calculation for Fiscal Year 2018
FISCAL YEAR
207
City of Palm Desert
Pleadge-Revenue Coverage
Last Ten Fiscal Years
Special Special
Fiscal Assessment Assessment
Year Collections Principal Interest Coverage Collections Principal Interest Coverage
2009 a 8,486,467 2,816,000 5,666,827 1.0004 33,095,785 12,610,000 20,043,623 1.013
2010 c 6,304,563 3,793,000 5,515,677 0.6773 33,292,785 14,145,000 19,516,455 0.989
2011 9,695,868 3,452,000 5,595,543 1.0717 39,400,572 22,240,000 18,767,205 0.961
2012 8,822,163 3,332,000 4,897,651 1.0720 32,941,958 e 15,290,000 17,651,958 1.000
2013 9,524,786 3,786,896 5,255,558 1.0533 33,473,418 e 16,315,000 17,158,418 1.000
2014 d 14,895,214 12,324,000 d 4,954,432 0.8621 38,444,447 e 23,650,000 14,794,447 1.000
2015 10,848,129 g 8,159,000 f 4,543,692 0.8540 32,294,255 e 18,295,000 13,999,255 1.000
2016 8,537,227 25,401,000 h 4,463,786 0.2859 34,810,024 e 18,055,000 16,755,024 1.000
2017 5,896,670 3,192,000 3,233,399 0.9177 37,535,680 e, i 16,255,000 e, i 21,280,680 1.000
2018 5,590,479 3,545,000 3,088,864 0.8427 23,428,001 e, i 14,235,000 e, i 9,193,001 1.000
Notes: Details regarding the city's outstanding debt can be found in the notes to the financial statements.
a - The City issued $2.015 million dollars of the Energy Independence Program (AB811 Assessments) Limited Obligation Improvement Bonds (Taxable)
The special assessment collection will commence during the fiscal year 2009-2010 with the first interest payment paid on March 2, 2010.
b - Tax increment bonds are backed by property tax increment based on calculation provided by the Riverside County tax assessor office.
Additional information on tax increment can be found in the notes to the financial statements.
c - The City issued $1.136 million dollars of the Energy Independence Program (AB811 Assessments) Limited Obligation Improvement Bonds (Taxable)
The special assessment collection will commence during the fiscal year 2010-2011
In addition the Palm Desert Financing Authority issued $5.225 million dollars of the Energy Independence Program Variable Rate Demand Lease
Revenue Bonds, Series 2009(Federally Taxable). Interest is paid monthly commencing August 2009 and Principal is paid annually on September 2
The first principal payment was paid on September 2, 2010.
d- A portion of the $50.51 (2007) and $17.915 (2008) million CFD 2005-1 (University Park) was prepaid in the amount of $6.269 Million. The prepaid
$6.269M and $2.280 (2004-1) were called during on September 2, 2014.
e- The total amount payable for the bonded obligations is disbursed by the State of California Department of Finance to the City of Palm Desert Successor Agency.
The annual collection equal the annual obligations.
f The City called the $5.225 Million Energy Independence Program Variable Rate Demand Lease Revenue Bonds, Series 2009 (Federally Taxable) in
full on September 2, 2014 in the amount of $4.485 Million. The Energy Fund used the remaining $5.225 Bond Funds in the amount of $2.155 Million
in addition to the $2.5 Million loan from the City General Fund as proceeds to call the bonds.
g The City of Palm Desert loaned the Energy Fund $2.5 Million to call the $5.225 Million Energy Independence Program Lease Revenue Bonds,
Series 2009 (Federally Taxable). The $2.5 Million is included as Special Assessment Collections.
h- During the Fiscal Year 2015-16 the Communities Facilities District 2005-1 (University Park Series, Special Tax Bonds Series 2006A and Series 2007
defeased $20.885M of the original issued $67.715M.
i- During the Fiscal Year 2016-17 the Successor Agency issued four series of bonds (1) the Tax Allocation Refunding Bonds, 2017 Series A ($52.39M),
(ii) Taxable Tax Allocation Refunding Bonds, 2017 Series B ($140.130M), Tax allocation Refunding Bonds, 2017 Series H-A ($7.365M), and
(iv) Taxable Tax Allocation Refunding Bonds, 2017 H-B ($45.815M). See Note 18 Tax Allocation Bonds. The 2017 Refunding Bonds refunded all of the
tax allocation revenue bonds; with the exception of the Project Area No. 1 2007A Bonds, and the Project Area No. 2 2003 Bonds.
Tax Increment b
Debt ServiceDebt Service
Special Assessment Bonds
208
City of Palm Desert
Demographic and Economic Statistics
Last Ten Calendar Years
Calendar Percentage Per Capita City Riverside Percentage County
Year City Increase Personal Personal Unemployment County Increase Unemployment
End Population (Decrease)Income CY a Income CY Rate b Population (Decrease)Rate b
2018 52,769 4.0% 2,831,046,858$ 53,650$ 5.00% 2,415,955 1.31% 4.80%
2017 50,740 2.8% 2,789,208,727$ 54,971$ 4.00% 2,384,783 1.57% 5.70%
2016 49,335 -3.4% 2,747,988,894$ 55,701$ 4.20%2,347,828 1.71%6.70%
2015 51,053 1.3% 2,707,378,221$ 53,031$ 4.60%2,308,441 1.25%6.50%
2014 50,417 0.9% 2,667,367,705$ 52,906$ 4.90%2,279,967 1.10%8.40%
2013 49,949 1.0% 2,627,948,478$ 52,613$ 6.00%2,255,059 1.23% 10.20%
2012 49,471 0.7% 2,589,111,801$ 52,336$ 7.74%2,227,577 0.44% 11.99%
2011 49,111 -5.7% 2,550,849,065$ 51,940$ 8.67%2,217,778 3.66% 14.44%
2010 52,067 1.1% 2,513,151,788$ 48,268$ 8.8%2,139,535 1.51% 14.65%
2009 51,509 1.2% 2,476,011,613$ 48,069$ 6.8%2,107,653 0.93% 11.46%
a - Personal Income estimated based on average growth rate of previous four years. The growth rate factor used was 1.5%. Income data will be
updated once the actual data is available.
b - Unemployment rate for fiscal year 17/18 is based on annual information from State of California Employment Development Department
Labor Market Information Division (not seasonally adjusted)
Sources: State Department of Finance, U.S. Dept of Labor, State Employment Development Department
209
City of Palm Desert
Principal Employers
Current and Ten Years Ago
Employer Employees Rank
Percentage of
Total City
Employment
Employer Employees Rank
Percentage of
Total City
Employment
JW Marriot-Desert Springs
Resort & DS Villas 2,304 1 9.76%
JW Marriot-Desert Springs
Resort 2,000 1 6.08%
Universal Protection Services 1,500 2 6.36%
Heckmann Corp.1,811 2 5.50%
Securitas-Security Service
USA 700 3 2.97%
Guthy Renker Corp.825 3 2.51%
Organization of Legal Pro's 501 4 2.12%
College of the Desert 711 4 2.16%
Sunshine Landscape 500 5 2.12%
Securitas-Security Service USA 700 5 2.13%
Marriott Shadow Ridge 300 6 1.27%
Desert Valley Industries 400 6 1.22%
Desert Arc 250 7 1.06%
WalMart Super Center 350 7 1.06%
Costco Wholesale 250 8 1.06%
William Bower Associates 350 8 1.06%
Bighorn Golf Club 250 9 1.06%
Macy's West 300 9 0.91%
Spectrum 236 10 1.00%
Bighorn Golf Club 250 10 0.76%
Totals 6,791 29%Totals 7,697 23%
Sources: Infogroup, CA Employment Development Department - Federal and State Government not included
2018 2009
210
City of Palm Desert
Supplemental Miscellaneous Statistics
June 30, 2018
City/ Municipal Government
Form of Government:Council - City Manager/Charter City
Date of Incorporation:November 26, 1973
Number of Employees:109 Full-time Employees
Size of City:26.96 Square Miles
Geographic Location:Located 117 miles east of Los Angeles and 515 miles
south of San Francisco.
Streets:170 paved street miles
Number of Business Licenses:9,094 active business licenses
Number of Hotels & Rooms: 17 hotels, 2,616 rooms
CONTRACT SERVICES:
Police Department Contract with Riverside County Sheriff - 78 positions plus 36 support staff
Fire Department Contract with Riverside County/State Fire 54 positions plus 11 Fire Prevention staff
Animal Control Riverside County Animal Services
Water & Sewer Coachella Valley Water District
Trash Collection Burrtec - Waste Management
Electric Southern California Edison
Gas Southern California Gas
Telephone Verizon
Airport Palm Springs International Airport
Public Education
Elementary School (grades K - 5) 4
Middle School (grades 6 - 8)1
High School (grades 9 - 12)1
Community College - College of the Desert 1
CSUSB - Palm Desert Campus 1
UCR - Palm Desert Graduate Center 1
Insurance Coverage
General Liability Coverage Calif. Joint Powers Insurance Authority $50 Million/Event
(Excludes Earthquake & Flood)Excess Coverage: from $2 Million up to $50 Million limit
Special Events Calif. Joint Powers Insurance Authority $1 Million
Worker's Compensation Calif. Joint Powers Insurance $10 Million
Property Insurance Calif. Joint Powers Insurance Based on Prop. Value
Health Insurance
Medical California PERS; choice of PPO, HMO, Kaiser, Blue Shield
Dental Delta Dental
Vision Vision Service Plan
Disability Insurance Disability - Standard Insurance Company
Life Standard Insurance Company
Retirement California PERS - Public Employees' Retirement System
Source: City of Palm Desert
211
City of Palm Desert
Full-time Equivalent City Government Employees by Function / Program
Last Ten Fiscal Years
Function / Program 2018 2017 2016 2015 2014 2013 a 2012 a,b 2011 a 2010 2009
General Government
City 31 32 32 34 34 33 26 31 31 49
Economic Dev & Housing # 10 11 13 13 13 12 17 24 25 19
Public Safety 29 29 28 26 25 24 24 25 26 35
Police & Fire (1)179 170 163 169 173 157 162 155 151 148
Public Works 39 39 40 40 40 38 40 47 49 53
Totals 288 281 276 282 285 264 271 284 284 318
(1) The City operates as a "contract city" utilizing, primarily, agreement with other governmental entities, private firms and individuals
to provide services.
Contracted services include: Police and Fire protection through the County of Riverside, Cal-Fire, animal control, health services,
legal services and landscape maintenance.
a - As of June 2011 realignments were made due to budget cuts, retirements and layoffs, these continued to FY 2013.
b - On February 1, 2012 the State of California dissolved the City of Palm Desert Redevelopment Agency as part of the Statewide dissolution of all
City Redevelopment Agencies, which in turn created the Successor Agency to the Redevelopment Agency of the City of Palm Desert.
Source: City of Palm Desert Financial Plan, California Department of Forestry and Fire Protection, Riverside County Sheriff's Department
212
City of Palm Desert
Operating Indicators by Function / Program
Last Ten Fiscal Years
Function / Program 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
General Government
Business License Inspections ***24 33 196 477 515 473 617
Contracted Services - Burrtec Waste (1)
Refuse Collected (tons)56,346 54,301 52,772 54,865 57,935 52,131 49,205 53,108 51,483 58,198
Recyclables Collected 28,119 26,651 23,818 24,611 26,424 24,862 23,588 22,867 20,591 22,155
Public Safety
Physical Arrests 1,654 1,620 1,284 1,946 1,348 986 1,012 1,134 1,342 1,446
Parking Violations 575 587 712 794 386 198 569 332 933 1,278
Traffic Violations 7,012 6,939 6,223 5,525 5,284 5,080 6,216 8,360 10,200 9,162
Emergency Responses-Fire Department 9,984 9,617 9,285 8,628 8,235 7,907 7,151 7,720 7,772 7,149
Fires Extinguished 90 68 103 88 106 104 101 107 104 119
Fire Inspections 3,378 1,274 2,118 2,989 2,552 3,048 5,235 4,651 4,825 8,248
Building Permits Issued 3,644 4,734 4,704 4,909 5,552 4,548 3,448 3,711 3,230 3,637
Building Inspections Conducted 18,601 23,542 24,756 24,057 24,830 19,107 14,749 14,069 14,080 18,040
Public Works
Street Resurfacing (miles)(3)7.3 25.8 2.9 8 34 23 60 5 8 13
Parks, recreation & culture
Athletic Field Permits Issued 2,934 3,197 2,997 4,430 6,548 2,635 3,682 6,050 6,281 6,149
Amphitheater / Pavilions Permits Issued 121 106 104 283 247 128 266 286 226 133
Community Center Admissions 60,769 51,694 64,493 53,426 50,204 53,062 69,240 30,298 59,986 55,954
Aquatic Center Admissions (2)53,739 58,023 60,359 64,103 43,545 48,663 45,909 4,329 - -
(1) The City operates as a "contract city" utilizing, primarily, agreement with other governmental entities, private firms and individuals
to provide services.
Contracted services include: Police and Fire protection through the County of Riverside, animal control, health services,
legal services and landscape maintenance.
(2) Aquatic Center operations began in June 2011, managed by the YMCA.
(3) New methods of street resurfacing have improved efficiency, therefore equaling more miles resurfaced.
(*)Per Building & Safety Department business license inspections are no longer done.
Sources: Riverside County Sheriff's Dept., California State Department of Forestry & Fire Protection,
City of Palm Desert, Coachella Valley Recreation & Park District, Burrtec Waste and The YMCA.
213
City of Palm Desert
Capital Asset Statistics by Function / Program
Last Ten Fiscal Years
Function / Program 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
General Government
Contracted Services (1)
Collection trucks 24 24 35 30 30 36 36 51 51 54
Public Safety - Police & Fire
Police Stations 1 1 1 1 1 11111
Police Sub Stations 1 1 1 1 1 10022
Patrol Units-Cars 30 29 29 29 26 28 31 31 26 30
Patrol Units-Motorcycles 9 9 11 10 10 10 10 10 10 10
Fire Stations 3 3 3 3 3 33333
Fire Trucks 4 plus 1 Reserve 4 plus 1 Reserve 4 plus 1 Reserve 4 plus 1 Rsrvd 4 plus 1 Rsrvd 4 plus 2 Rsrvd 4 plus 2 Rsrvd 4 plus 2 Rsrvd 4 plus 2 Rsrvd 4 plus 2 Rsrvd
Ambulance 4 plus 3 Reserve 4 plus 3 Reserve 4 plus 3 Reserve 4 plus 3 Rsrvd 4 plus 3 Rsrvd 4 plus 1 Rsrvd 4 plus 1 Rsrvd 3 plus 1 Spprt 3 p lus 1 Spprt 3 plus 1 Spprt
Fire Prevention Pick-ups 3 3 3 3 3 33333
Public Works
Streets (miles)170 170 170 170 170 170 174 159 159 159
Traffic Signals 99 99 98 98 98 98 98 97 99 99
Parks, recreation & culture
Acreage 201 201 201 201 201 201 201 201 201 212
Total Parks 13 13 13 13 13 13 13 13 13 14
Playgrounds 16 16 16 16 16 16 16 16 16 16
Baseball/softball diamonds 8 8 8 8 8 88889
Soccer/football fields 9 9 9 9 9 99999
Basketball Courts 11 11 11 11 11 11 11 11 11 11
Tennis Courts 10 10 10 10 10 10 10 10 10 10
Volleyball Courts 8 8 8 8 8 88888
Community Centers 2 2 2 2 2 22222
Skateboard Parks 2 2 2 2 2 22222
Aquatic Center (2)11111111
Commercial Office Space
(Parkview Office Complex)
Leaseable Space (square feet)50,322 50,322 50,322 50,322 50,322 50,322 50,322 50,322 50,322 50,322
Occupancy Rate 82%84%90%90%86%88%83%90%97%98%
Number of Tenants by Type
Government (State, local regional)7 7 9 8 9 8 10 10 10 11
Non-Profit 3 3 4 3 4 45775
Private 2 3 1 1 4 53467
Square Footage lease by tenant
Government (State, local regional)30,907 32,287 33,127 30,907 31,921 31,321 32,021 32,696 34,617 34,617
Non-Profit 4,061 4,061 3,561 6,269 3,294 4,467 5,215 5,663 4,735 4,735
Private 6,218 6,938 8,688 8,025 8,025 8,513 4,310 7,350 10,212 10,212
Vacant 9,136 8,416 4,946 5,121 7,082 6,021 8,776 4,613 758 758
Municipal Golf Course
(Desert Willow Golf Resort)
Courses - Fire Cliff and Mountain View 2 2 2 2 2 22222
Holes 36 36 36 36 36 36 36 36 36 36
Golf Carts 172 172 172 172 172 172 172 172 160 160
Clubhouse square footage 39,000 39,000 39,000 39,000 39,000 39,000 39,000 39,000 33,000 33,000
Rounds per Course
Fire Cliff 46,620 39,424 39,366 44,845 45,841 45,645 45,005 44,745 45,988 46,041
Mountain View 43,712 39,931 40,910 42,407 43,160 38,669 41,666 39,178 37,146 34,899
Total Annual Rounds 90,332 79,355 80,276 87,252 89,001 84,314 86,671 83,923 83,134 80,940
(1) The City operates as a "contract city" utilizing, primarily, agreement with other governmental entities, private firms and individuals
to provide services.
Contracted services include: Police and Fire protection through the County of Riverside, animal control, health services,
legal services and landscape maintenance.
(2) Aquatic Center operations began in June 2011
Sources: Riverside County Sheriff's Dept., California State Department of Forestry & Fire Protection,
City of Palm Desert, Coachella Valley Recreation & Park District, Burrtec Waste
214
Note: This section is not required by GASB No. 44, however, City believes that statistical
information is beneficial to the reader.
On February 1, 2012 the State of California dissolved the City of Palm Desert Redevelopment Agency
as part of the Statewide dissolution of all City Redevelopment Agencies, which in turn created
the Successor Agency to the Redevelopment Agency of the City of Palm Desert.
For more information on the dissolution of the RDA please see note 16 and note 17.
Supplemental Redevelopment Agency Statistical Section
City of Palm Desert, California
215
Redevelopment
Agency
Project Areas
CO
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FRANK SINATRA DR
EL PASEO
GERALD FORD DR
WA
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CALIFO R N I A AVE
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PARK VIEW DR
MESA VIEW DR
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MAGNESIA FALLS
D
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DINAH
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CO
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HAYSTACK RD
TO
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GRAPEVINE ST
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FAIRWAY DR
HOVLEY LN E
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FRED
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COUNTRY CLUB DR
FRANK SINATRA DR
PO
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A
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COUNTRY CLUB DR
MO
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CO
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IN
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1
0
IN
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1
0
Project Area No. 1
Original
1975
Project Area No. 1
Added Territory
1982
Project Area No. 3
1991
Project Area No. 2
1987
Project Area No. 4
1993
0120.5
Miles
Project Area No. 1 - Original (1975)
Project Area No. 1 - Added Territory (1982)
Project Area No. 2 (1987)
Project Area No. 3 (1991)
Project Area No. 4 (1993)
City Limits
City of Palm Desert
July, 2004
216
City of Palm Desert
Redevelopment Agency
Tax Allocation Bond Issue Information
June 30, 2018
DESCRIPTION
$15,745,000
Tax Allocation
Revenue
Bond
Years 30
Bond Issue Date 03/26/03
Final Maturity Date 08/01/33
Highest Interest Rate 5.00%
Bond Issue Amount 15,745,000$
Outstanding Bond Amount 15,745,000$
Call Premium 1 - 2.00%
Bond Insurer MBIA
Reserve Requirement (1)1,574,500
Reserve Balance (1)(1)
Called Bonds -$
Principle due 18/19 -
Interest Due 18/19 769,006
Arbritage Yield Rate 4.9502%
Arbritage-Amount Owed -
Arbritage Five Year Due Date:03/26/23
DESCRIPTION
Non-Housing
Tax Allocation
Bond (Exempt)1
Non-Housing
Tax Allocation
Bond (Taxable)2
Years 13 24
Bond Issue Date 01/31/17 01/31/17
Final Maturity Date 10/01/30 10/01/41
Highest Interest Rate 5.000% 4.250%
Bond Issue Amount 52,390,000$ 140,130,000$
Outstanding Bond Amount 52,390,000$ 140,130,000$
Call Premium 0.00%0.00%
Bond Insurer BAM BAM
Reserve Requirement (1)5,828,809 9,680,207
Reserve Balance (1)(1) (1)
Called Bonds -$ -$
Principle due 18/19 2,740,000 6,545,000
Interest Due 18/19 2,427,050 4,500,828
Arbritage Yield Rate 3.659%3.659%
Arbritage-Amount Owed - -
Arbritage Five Year Due Date:01/31/22 01/31/22
DESCRIPTION
Housing
Tax Allocation
Bond (Exempt)3
Housing
Tax Allocation
Bond (Taxable)4
Years 14 6
Bond Issue Date 01/31/17 01/31/17
Final Maturity Date 10/01/31 10/01/23
Highest Interest Rate 5.000%3.000%
Bond Issue Amount 7,365,000$ 45,815,000$
Outstanding Bond Amount 7,365,000$ 45,815,000$
Call Premium 0.00%0.00%
Bond Insurer BAM BAM
Reserve Requirement (1)687,519 4,581,500
Reserve Balance (1)(1) (1)
Called Bonds -$ -$
Principle due 18/19 365,000 7,560,000
Interest Due 18/19 310,194 849,150
Arbritage Yield Rate 2.907%2.907%
Arbritage-Amount Owed - -
Arbritage Five Year Due Date:01/31/22 01/31/22
(1) A surety bond was issued by MBIA Insurance, future reserve balance's will be zero.
1 Refunded PA 1-4 tax exempt portion of bonds ($22.07M, $19M, $24.945M, $62.3M, $17.31M, $67.6M, $4.745M, $15.05M, $11.02M, $15.695M, and $19.2M)
2 Refunded PA 1-4 taxable portion of bonds ($22.07M, $19M, $24.945M, $62.3M, $17.31M, $67.6M, $4.745M, $15.05M, $11.02M, $15.695M, and $19.2M)
3 Refunded Housing tax exempt portion of bonds (12.1M and $86.155M)
4 Refunded Housing taxable portion of bonds (12.1M and $86.155M)
Source: City of Palm Desert and Successor Agency to the Palm Desert Redevelopment Agency
217
City of Palm Desert
Historical Tax Increment/
Redevelopment Property Tax Trust Fund Summary
All Project Areas
Project Area No. 1 FY 2011/12 FY 2012/13 FY 2013/14 FY 2014/15 FY 2015/16 FY 2016/17 FY 2017/18
Gross Tax Increment 48,562,361 48,767,884 51,298,203 53,437,088 56,610,029 58,222,677 59,842,517
Less:
Housing Set-Aside*9,712,472 9,753,577 10,259,641 10,687,418 11,322,006 11,644,535 11,968,503
SB 2557 610,071 714,717 673,261 686,944 629,449 725,403 662,238
Gross Pass-Throughs 18,843,301 18,642,892 20,111,377 21,241,903 22,961,604 25,052,727 22,919,420
Net Tax Increment 19,396,517 19,656,698 20,253,925 20,820,823 21,696,970 20,800,012 24,292,356
RPTTF Amount Deposited 29,927,559 26,848,203 25,090,381 26,530,801 24,696,424 25,131,004 19,798,469
Project Area No. 2 FY 2011/12 FY 2012/13 FY 2013/14 FY 2014/15 FY 2015/16 FY 2016/17 FY 2017/18
Gross Tax Increment 14,335,941 13,700,701 13,556,184 15,232,096 16,232,329 16,302,895 16,916,067
Less:
Housing Set-Aside*2,867,188 2,740,140 2,711,237 3,046,419 3,246,466 3,260,579 3,383,213
SB 2557 176,347 200,429 179,214 192,900 180,457 202,348 187,481
Gross Pass-Throughs 5,381,108 4,983,714 4,967,602 5,665,961 6,078,194 6,103,481 6,372,798
Net Tax Increment 5,911,298 5,776,418 5,698,132 6,326,816 6,727,213 6,736,487 6,972,575
RPTTF Amount Deposited 7,503,009 7,568,241 7,017,531 5,441,721 5,547,427 5,887,814 5,596,560
Project Area No. 3 FY 2011/12 FY 2012/13 FY 2013/14 FY 2014/15 FY 2015/16 FY 2016/17 FY 2017/18
Gross Tax Increment 3,847,543 3,575,242 3,760,421 3,754,999 4,039,902 4,360,574 4,364,606
Less:
Housing Set-Aside*769,509 715,048 752,084 751,000 807,980 872,115 872,921
SB 2557 49,034 52,858 49,871 48,901 45,175 52,745 8,947
Gross Pass-Throughs 1,671,676 1,277,864 1,377,700 1,371,786 1,510,219 1,656,158 1,662,390
Net Tax Increment 1,357,325 1,529,472 1,580,766 1,583,312 1,676,528 1,779,556 1,820,348
RPTTF Amount Deposited 2,088,587 1,491,532 1,357,678 1,237,930 1,290,623 1,295,156 1,443,999
Project Area No. 4 FY 2011/12 FY 2012/13 FY 2013/14 FY 2014/15 FY 2015/16 FY 2016/17 FY 2017/18
Gross Tax Increment 11,342,081 11,153,422 11,941,800 13,057,891 13,889,272 14,287,533 14,685,301
Less:
Housing Set-Aside*2,268,416 2,230,684 2,388,360 2,611,578 2,777,854 2,857,507 2,937,060
SB 2557 143,002 164,046 156,818 166,634 154,976 178,812 162,715
Gross Pass-Throughs 6,730,420 7,530,089 7,901,830 8,381,422 8,866,804 9,433,947 9,943,062
Net Tax Increment 2,200,243 1,228,603 1,494,792 1,898,257 2,089,637 1,817,267 1,642,464
RPTTF Amount Deposited 3,910,755 4,064,105 3,675,440 3,071,966 2,443,507 2,610,660 4,858,527
*For calculation purposes only - No requirement to deposit Housing Set Aside post Redevelopment Dissolution.
218
City of Palm Desert
73-510 Fred Waring Drive
Palm Desert, CA 92260
760-346-0611
www.cityofpalmdesert.org
219