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(IT Y Of PRIM DESERT
73-510 FRED WARING DRIVE
PALM DESERT, CALIFORNIA 92260-2578
TEL: 760 346-0611
INFOQa PALM-DESERT.ORG
February 22, 2023
Residents of Palm Desert,
Honorable Mayor and Members of the City Council
The Finance Department is pleased to present the Annual Comprehensive Financial Report (ACFR) of
the City of Palm Desert for the fiscal year ended June 30, 2022.
The financial statements are prepared in accordance with generally accepted accounting principles
(GAAP) and the Governmental Accounting Standards Board (GASB). We believe the data, as
presented, is accurate in all material respects and is presented in a manner that fairly represents the
financial position and changes in financial position of the City as measured by the financial activity of
each of its funds. We also believe that all disclosures necessary to enable the reader to fully understand
the City's financial activities have been presented. Responsibility for the accuracy, completeness and
reliability of the information contained in this report rests with the City.
The City of Palm Desert conducts an annual audit, which is performed by an independent certified
public accountant. The independent audit of the City's financial statements for fiscal year ended June
30, 2022 was conducted by Lance Soll & Lunghard, LLP. The auditor's unmodified opinion on the
basic financial statements is included in the Financial Section of this report. This is the most favorable
opinion.
As part of the City's annual audit engagement, the auditors reviewed the City's internal control
structure as well as compliance with applicable laws and regulations. Because the cost of internal
control should not exceed anticipated benefits, the objective is to provide reasonable, rather than
absolute assurance, that the financial statements are free of any material misstatements. The results of
the City's annual audit for fiscal year ended June 30, 2022 provided no instances of material weaknesses
in connection with the internal control structure or significant violations of applicable laws and
regulations.
As recipients of federal, state and county financial resources, the City may be required to undergo an
annual single audit. For the fiscal year ended June 30, 2022, the City will have a single audit performed.
Management's discussion and analysis (MD&A) immediately follows the independent auditor's report
and provides a narrative introduction, overview, and analysis of the basic financial statements. MD&A
complements this letter of transmittal and should be read in conjunction with it.
PROFILE OF THE CITY OF PALM DESERT
Located in Riverside County in the geographical center of the Coachella Valley, Palm Desert was
incorporated on November 26, 1973, as a General Law City. On November 4, 1997, voters
overwhelmingly approved Measure LL adopting a city charter.
i
Under the provisions of the charter, the City of Palm Desert has full authority over its own municipal
affairs including: bidding and contracting procedures; regulation of parks, libraries, and other facilities;
certain fees; imposition of taxes; municipal zoning; salaries of officials and employees; municipal
utilities; and municipal election procedures.
The City operates under a Council-Manager form of government. The City Council is comprised of
five members elected to four-year terms every two years by the residents of the City. The City has
two-districts, District One includes neighborhoods in and around the Palm Desert Civic Center core,
comprising about 20% of the City’s population which is represented by one (1) elected City Council
member. District Two comprises 80% of the City’s population, which is represented by four (4) elected
City Council members. Each December, the City Council selects the Mayor from among its members
for a one-year term. The City Council appoints the City Manager and the City Attorney.
The City operates as a “contract city,” primarily utilizing agreements with other governmental entities,
private firms, and individuals to provide many services. Contracted services include: police protection
through the County of Riverside; fire protection through Cal-Fire; animal control; road maintenance
and construction services; legal services; landscape maintenance; and recreation program services.
Palm Desert is a member of the California Joint Powers Insurance Authority that provides insurance
coverage for the City. Water, sewage treatment and wastewater disposal are provided by the Coachella
Valley Water District. Southern California Gas Company supplies natural gas to the City and electric
power is provided by the Southern California Edison Company. Waste Disposal is provided by Burrtec
Waste & Recycling Services. Telephone/Internet service is available through Frontier
Communications. Cable television/Internet service is provided by Time Warner Cable/Spectrum.
The City provides traditional municipal, public enterprise, and housing services as follows:
Municipal Services
Public improvements, infrastructure and maintenance
Public art and community promotion
Planning, zoning, building and engineering
Housing and community development
Code compliance
Economic development and business advocacy
Legislative, city clerk, visitor’s services, public
information, general administration, fiscal services,
human resources, and risk management
Building permitting, inspections and services
Public Enterprise Services
Golf course
Office complex
Internal service
Blended & Discrete Component Units
Palm Desert Housing Authority
Palm Desert Financing Authority
Palm Desert Recreational Facilities Corporation
The City maintains budgetary controls to ensure compliance with legal provisions embodied in the
annual appropriated budget approved by the City Council. Activities of the General, Special Revenue,
Debt Service, and Capital Project Funds are included in the annual appropriated budget. Budgetary
amounts for Debt Service, Capital Projects, and certain Special Revenue Funds are adopted annually;
however, these budgets are considered to be long-term in nature.
Palm Desert Civic Center
ii
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Desert Willow Golf Resort
iii
The State of California Employment Development Department Labor Market Information Division
reported that the City of Palm Desert had an unemployment rate of 4.1 % compared to Riverside County,
which had a rate of 4.0%. The City, as a resort destination, was greatly impacted by the extraordinary
challenges caused by the worldwide COVID-19 pandemic and the State of California and County -wide
closures that began in 2020. Although the unemployment rate has fallen from the previous year, and
tourism has returned to the City, new challenges such as inflation and supply -chain constraints have
emerged. The City will face these emerging challenges through the same lens of fiscal responsibility
and sound financial practices that have proven successful in the past.
LONG-TERM FINANCIAL PLANNING
In June 2021, the City Council approved a total of $26.69 million in funding for various capital
improvement projects for the fiscal year of 2021-2022. Projects include resurfacing streets, sidewalk
repairs and construction, accessibility improvements, street widening, improving drainage areas, park
improvements, and improvements at Desert Willow Golf Resort and Parkview Office Complex.
Certificates of Awards for Outstanding Financial Reporting
The Government Finance Officers Association of the United States and Canada (GFOA) awarded a
Certificate of Achievement for Excellence in Financial Reporting to the City of Palm Desert for its
comprehensive annual financial report for the fiscal year ended June 30, 2021. This was the 25th
consecutive year that the City has achieved this prestigious award. In order to receive the Certificate of
Achievement, a government must publish an easily readable and efficiently organized comprehensive
annual financial report. This report must satisfy both generally accepted accounting principles and
applicable legal requirements.
A Certificate of Achievement is valid for a period of one year only. We believe that our current
comprehensive annual financial report continues to meet the Certificate of Achievement Program's
requirements and we are submitting it to the GFOA to determine its eligibility for another certificate.
Acknowledgments
The preparation of this report is attributable to the efficient and dedicated staff of the Finance
Department who are individually recognized on the title page. The Mayor and the City Council are
credited for their support in planning and conducting the operations of the City in a prudent, responsible
and progressive manner. Recognition is also given to all employees of the City of Palm Desert who
continue to serve our community with commitment and dedication throughout the year. Our greatest
appreciation goes to you, the residents of Palm Desert, for your continued support, input, and guidance
in helping us serve you better, thus preserving our city's quality of life and reputation for innovation and
leadership.
Respectfully submitted,
Todd Hil ma (Feb 28, 202314:01 PST)
L. Todd Hileman
City Manager
Veronica Chavez (Feb 28, 2023 13:57 PST)
Veronica Chavez
Director of Finance
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CITY OF PALM DESERT
BALANCE SHEET
GOVERNMENTAL FUNDS
JUNE 30, 2022
General
ASSETS:
Pooled cash and investments 117,878,830$ 21,066,962$ 12,011,258$ 38,453,177$
Receivables:
Accounts 2,602,944 - 365,410 -
Assessments - - - -
Notes 1,082,000 - - -
Interest 650,233 - - 440,485
Allowance for interest on Successor Agency (160,355) - - (414,000)
Loans 14,978 - - 5,148,813
Leases Receivable 806,697 - - -
Prepaid costs 294,436 - - -
Deposits - 14,880,428 - -
Due from other governments 5,263,261 1,230,348 1,573,105 -
Due from other funds 663,483 - - -
Advances to other funds 2,659,000 - - -
Inventories - - - -
Property held for resale - - - 61,516
Due from component unit 420,000 - - -
Restricted assets:
Cash and investments with fiscal agent - - - 4,942,703
Advances to Successor Agency 581,000 - - -
Allowance for Advances to Successor Agency (581,000) - - -
TOTAL ASSETS 132,175,507$ 37,177,738$ 13,949,773$ 48,632,694$
Liabilities, Deferred Inflows of
Resources and Fund Balances
LIABILITIES:
Accounts payable 6,921,457$ 197,970$ 1,257,634$ 9,864$
Accrued liabilities 484,994 - - -
Unearned revenues - 14,880,428 - -
Deposits payable 2,582,909 - - -
Due to other funds - - - -
Advances from other funds - - - -
TOTAL LIABILITIES 9,989,360 15,078,398 1,257,634 9,864
DEFERRED INFLOWS OF RESOURCES:
Unavailable revenue 1,504,879 280,889 9,827 19,551
Leases 800,415 - - -
2,305,294 280,889 9,827 19,551
FUND BALANCES:
Nonspendable 4,050,414 - - -
Restricted - 21,818,451 12,682,312 48,603,279
Committed 82,741,109 - - -
Assigned 444,000 - - -
Unassigned 32,645,330 - - -
Total Fund Balances 119,880,853 21,818,451 12,682,312 48,603,279
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances 132,175,507$ 37,177,738$ 13,949,773$ 48,632,694$
Housing
Asset Fund
Prop A Fire
Tax Measure A
Special Revenue Funds
See Notes to Financial Statements.20
CITY OF PALM DESERT
BALANCE SHEET
GOVERNMENTAL FUNDS
JUNE 30, 2022
ASSETS:
Pooled cash and investments
Receivables:
Accounts
Assessments
Notes
Interest
Allowance for interest on Successor Agency
Loans
Leases Receivable
Prepaid costs
Deposits
Due from other governments
Due from other funds
Advances to other funds
Inventories
Property held for resale
Due from component unit
Restricted assets:
Cash and investments with fiscal agent
Advances to Successor Agency
Allowance for Advances to Successor Agency
TOTAL ASSETS
Liabilities, Deferred Inflows of
Resources and Fund Balances
LIABILITIES:
Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to other funds
Advances from other funds
TOTAL LIABILITIES
DEFERRED INFLOWS OF RESOURCES:
Unavailable revenue
Leases
FUND BALANCES:
Nonspendable
Restricted
Committed
Assigned
Unassigned
Total Fund Balances
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
Special
Revenue
Funds
Capital
Projects Funds
16,366,298$ -$ 59,348,202$ 265,124,727$
88,778 - 804,412 3,861,544
- - 1,139,582 1,139,582
- - - 1,082,000
2 27,971 1,551,767 2,670,458
- - (1,495,645) (2,070,000)
- - 1,435,167 6,598,958
- - - 806,697
- - 19,591 314,027
- - 20,000 14,900,428
- - 718,040 8,784,754
- - - 663,483
- - - 2,659,000
- - 7,813 7,813
- - - 61,516
- - - 420,000
3,570,258 49,592,308 19,611 58,124,880
- - 5,419,000 6,000,000
- - (5,419,000) (6,000,000)
20,025,336$ 49,620,279$ 63,568,540$ 365,149,867$
126,773$ 976,752$ 2,061,453$ 11,551,903$
130,660 - 11,669 627,323
71,627 - 635,111 15,587,166
571,220 - 3,780 3,157,909
- 451,138 212,345 663,483
- - 1,159,000 1,159,000
900,280 1,427,890 4,083,358 32,746,784
- - 1,537,701 3,352,847
- - - 800,415
- - 1,537,701 4,153,262
- - 19,591 4,070,005
7,249,568 48,192,389 26,090,471 164,636,470
11,875,488 - 3,885,994 98,502,591
- - 28,078,039 28,522,039
- - (126,614) 32,518,716
19,125,056 48,192,389 57,947,481 328,249,821
20,025,336$ 49,620,279$ 63,568,540$ 365,149,867$
Other
Governmental
Funds
Total
Governmental
Funds
Capital
Properties
Housing
Authority
See Notes to Financial Statements.21
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CITY OF PALM DESERT
STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2022
General
REVENUES:
Taxes 67,555,404$ 3,483,227$ 8,914,785$ -$
Special assessments collected - - 2,130,793 -
Licenses and permits 2,276,026 - - -
Intergovernmental revenues 6,059,797 620,792 1,210,837 -
Rental income 168,172 - - -
Charges for services 2,197,579 - 2,869,233 -
Investment earnings (1,932,581) (292,440) 42,141 85,001
Fines and forfeitures 99,864 - - -
Contributions from other governments - - - -
Miscellaneous 609,366 - 514 75,353
TOTAL REVENUES 77,033,627 3,811,579 15,168,303 160,354
EXPENDITURES:
Current:
General government 19,737,905 - - -
Public safety 22,040,012 - 15,017,227 -
Parks, recreation and culture 4,750,198 - - -
Public works 6,025,962 480,908 - -
Housing and redevelopment - - - 62,951
Capital outlay 176,287 3,667,005 15,603 113,000
Debt service:
Principal retirement - - - -
Interest and fiscal charges - - - -
TOTAL EXPENDITURES 52,730,364 4,147,913 15,032,830 175,951
EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 24,303,263 (336,334) 135,473 (15,597)
OTHER FINANCING SOURCES (USES):
Transfers in 3,774,873 - 4,000,000 -
Transfers out (7,744,283) - - -
Leases 135,224 - - -
Contribution to other government (1,001,688) - - -
TOTAL OTHER FINANCING
SOURCES (USES)(4,835,874) - 4,000,000 -
NET CHANGE IN FUND BALANCES 19,467,389 (336,334) 4,135,473 (15,597)
FUND BALANCES - BEGINNING OF YEAR 100,413,464 22,154,785 8,546,839 48,618,876
FUND BALANCES - END OF YEAR 119,880,853$ 21,818,451$ 12,682,312$ 48,603,279$
Measure A
Prop A Fire
Tax
Housing
Asset Fund
Special Revenue Funds
See Notes to Financial Statements.24
CITY OF PALM DESERT
STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2022
REVENUES:
Taxes
Special assessments collected
Licenses and permits
Intergovernmental revenues
Rental income
Charges for services
Investment earnings
Fines and forfeitures
Contributions from other governments
Miscellaneous
TOTAL REVENUES
EXPENDITURES:
Current:
General government
Public safety
Parks, recreation and culture
Public works
Housing and redevelopment
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
TOTAL EXPENDITURES
EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES):
Transfers in
Transfers out
Leases
Contribution to other government
TOTAL OTHER FINANCING
SOURCES (USES)
NET CHANGE IN FUND BALANCES
FUND BALANCES - BEGINNING OF YEAR
FUND BALANCES - END OF YEAR
Special
Revenue
Funds
Capital
Projects
Funds
-$ -$ 4,083,775$ 84,037,191$
- - 1,276,314 3,407,107
- - 346,669 2,622,695
- - 4,408,645 12,300,071
7,893,204 - 67,649 8,129,025
- - 1,108,688 6,175,500
7,168 64,555 (376,645) (2,402,801)
- - 5,334 105,198
- - 1,974,653 1,974,653
- 2,698,181 3,957,394 7,340,808
7,900,372 2,762,736 16,852,476 123,689,447
- 2,855 6,254,855 25,995,615
- - 265,712 37,322,951
- - 2,688,209 7,438,407
- 8,370,585 2,790,350 17,667,805
7,875,085 - 294,404 8,232,440
- 1,246,096 6,893,966 12,111,957
- - 378,000 378,000
- - 157,462 157,462
7,875,085 9,619,536 19,722,958 109,304,637
25,287 (6,856,800) (2,870,482) 14,384,810
- - 3,780,529 11,555,402
(245,356) - (3,874,873) (11,864,512)
- - 2,468,060 2,603,284
- - - (1,001,688)
(245,356) - 2,373,716 1,292,486
(220,069) (6,856,800) (496,766) 15,677,296
19,345,125 55,049,189 58,444,247 312,572,525
19,125,056$ 48,192,389$ 57,947,481$ 328,249,821$
Other
Governmental
Funds
Total
Governmental
Funds
Housing
Authority
Capital
Properties
See Notes to Financial Statements.25
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CITY OF PALM DESERT
STATEMENT OF FIDUCIARY NET POSITION
FIDUCIARY FUNDS
JUNE 30, 2022
Private-Purpose
Trust Fund
Custodial
Funds
Assets:
Pooled cash and investments 7,651,337$ 15,102,115$
Receivables:
Assessments 36,878,571 -
Accrued interest 163 449
Prepaid costs - 1,347,027
Due from other governments 19,214 -
Restricted assets:
Cash and investments with fiscal agents 3,004,892 25,307,544
Capital assets:
Capital assets, not being depreciated - 23,909,102
Total Assets 47,554,177 65,666,237
Liabilities:
Accounts payable 1,500 402,743
Deposits payable 36,878,571 40,000
Long-term liabilities:
Long-term debt due in one year - 19,045,000
Long-term debt due in more than one year - 163,475,440
Interest payable - 1,899,257
Total Liabilities 36,880,071 184,862,440
Deferred Inflows of Resources:
Deferred charge on refunding - 309,637
Total Deferred Inflows or Resources - 309,637
Net Position:
Restricted for dissolution of former RDA - (119,469,679)
Restricted for other purposes 10,674,106 -
Total Net Position 10,674,106$ (119,469,679)$
Successor Agency
to the Palm Desert
Redevelopment
Agency Private-
Purpose Trust Fund
See Notes to Financial Statements.32
CITY OF PALM DESERT
STATEMENT OF CHANGES IN FIDUCIARY NET POSITION
FIDUCIARY FUNDS
YEAR ENDED JUNE 30, 2022
ADDITIONS:
Taxes 41,231,444$ 27,090,623$
Investment income (162,910) (234,123)
Contributions from City 1,004,380 -
Other - 251
TOTAL ADDITIONS 42,072,914 26,856,751
DEDUCTIONS
Housing and development - 2,273,533
Administrative expenses 1,397,034 -
Contractual services 44,760,282 -
Interest 914,927 6,880,659
Debt service expense 110,000 -
Loss on sale of capital assets - (440,108)
TOTAL DEDUCTIONS 47,182,243 8,714,084
CHANGES IN NET POSITION (5,109,329) 18,142,667
NET POSITION - BEGINNING OF YEAR (31,296,565) (137,612,346)
Restatement (Note: 21)47,080,000 -
NET POSITION - BEGINNING OF YEAR RESTATED 15,783,435 (137,612,346)
NET POSITION - END OF YEAR 10,674,106$ (119,469,679)$
Private-Purpose Trust
Fund
Successor Agency to
the Palm Desert
Redevelopment
Agency Private-
Purpose Trust Fund Custodial Funds
See Notes to Financial Statements.33
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CITY OF PALM DESERT
NOTES TO BASIC FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 15: Other Post-Employment Benefits (Continued)
e. Changes in the Net OPEB Liability/(Asset)
The changes in the Net OPEB liability/(Asset) for the Plan are as follows:
Total OPEB
Liability
Plan Fiduciary
Net Position
Net OPEB
Liability/(Asset
)
Balance at June 30, 2020 (Measurement Date) 18,765,450$ 19,570,873$ (805,423)$
Changes recognized for the measurement period:
Service Cost 378,897 - 378,897
Interest 1,161,531 - 1,161,531
Expected Investment Income - 3,878,532 (3,878,532)
Employer Contributions - 1,140,548 (1,140,548)
Changes of benefit terms (910,834) - (910,834)
Administrative Expenses - (7,193) 7,193
Benefit Payments (819,968) (819,968) -
Assumption Changes 1,053,761 - 1,053,761
Net Changes in Fiscal Year 2020-2021 863,387 4,191,919 (3,328,532)
Balance at June 30, 2021 (Measurement Date) 19,628,837$ 23,762,792$ (4,133,955)$
Increase (Decrease)
f. Sensitivity of the Total OPEB Liability and Net OPEB Liability/(Asset) to Changes in
the Discount Rate
The following presents the Total OPEB liability and Net OPEB liability/(asset), as well as
what the total OPEB liability and net OPEB liability/(asset) would be if they were calculated
using a discount rate that is 1-percentage point lower (5.20 percent) or 1-percentage-point
higher (7.20 percent) than the current discount rate:
Discount Rate - 1%
(5.20%)
Current Discount Rate
(6.20%)
Discount Rate +1%
(7.20%)
Total OPEB Liability $ 22,097,755 $ 19,628,837 $ 17,569,571
Net OPEB Liability/(Asset) $ (1,665,037) $ (4,133,955) $ (6,193,221)
g. Sensitivity of the Total OPEB Liability and Net OPEB Liability/(Asset) to Changes in
the Health Care Cost Trend Rates
The following presents the Total OPEB liability and net OPEB liability/(asset), as well as
what the Total OPEB liability and net OPEB liability/(asset) would be if they were
calculated using healthcare cost trend rates that are 1-percentage-point lower
(5.70 percent decreasing to 4.70 percent) or 1-percentage-point higher (5.70 percent
increasing to 6.70 percent) than the current healthcare cost trend rates:
1% Decrease Trend Rate 1% Increase
Total OPEB Liability $ 17,427,963 $ 19,628,837 $ 22,283,331
Net OPEB Liability $ (6,334,829) $ (4,133,955) $ (1,479,461)
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91
CITY OF PALM DESERT
MISCELLANEOUS PLAN - AGENT MULTIPLE-EMPLOYER
SCHEDULE OF CHANGES IN NET PENSION LIABILITY AND RELATED RATIOS
AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)
2015 2016 2017 2018
TOTAL PENSION LIABILITY
Service Cost 2,156,598$ 2,125,437$ 2,076,964$ 2,204,265$
Interest 7,991,591 8,223,320 8,327,823 8,558,529
Difference between Expected and Actual Experience - (2,378,254) (4,259,317) (1,895,482)
Changes in Assumptions - (2,091,348) - 7,367,723
Benefit Payments, Including Refunds of Employee Contributions (4,849,320) (4,597,025) (4,801,252) (5,401,531)
Net Change in Total Pension Liability 5,298,869 1,282,130 1,344,218 10,833,504
Total Pension Liability - Beginning 107,900,900 113,199,769 114,481,899 115,826,117
Total Pension Liability - Ending (a) 113,199,769$ 114,481,899$ 115,826,117$ 126,659,621$
PLAN FIDUCIARY NET POSITION
Contributions - Employer 3,320,450$ 4,065,411$ 4,257,322$ 5,303,371$
Contributions - Employee 995,504 878,171 870,981 828,467
Net Investment Income 11,290,314 1,682,498 448,184 8,800,663
Benefit Payments, Including Refunds of Employee Contributions (4,849,320) (4,597,025) (4,801,252) (5,401,531)
Administrative Expense - (87,279) (47,263) (115,573)
Net Plan to Plan Resource Movement - - - -
Other Miscellaneous Income/(Expense)- - - -
Net Change in Fiduciary Net Position 10,756,948 1,941,776 727,972 9,415,397
Plan Fiduciary Net Position - Beginning 64,851,550 75,608,498 77,550,274 78,278,246
Plan Fiduciary Net Position - Ending (b)75,608,498$ 77,550,274$ 78,278,246$ 87,693,643$
Plan Net Pension Liability/(Assets) - Ending (a) - (b) 37,591,271$ 36,931,625$ 37,547,871$ 38,965,978$
66.79%67.74%67.58%69.24%
Covered Payroll 11,110,759$ 11,448,621$ 11,342,713$ 10,684,238$
338.33%322.59%331.03%364.71%
Notes to Schedule:
Plan Fiduciary Net Position as a Percentage of the Total
Pension Liability
Plan Net Pension Liability/(Asset) as a Percentage of Covered
Payroll
(1) Historical information is required only for measurement for which GASB 68 is applicable. Fiscal Year 2015 was the first year of implementation,
therefore only eight years are shown.
Benefit Changes: The figures above do not include any liability impact that may have resulted from plan changes which occurred after the
June 30, 2019 valuation date. This applies for voluntary benefit changes as well as any offers of Two Years Additional Service Credit (a.k.a. Golden
Handshakes).
Changes of Assumptions: None in 2019 or 2020. In 2018, demographic assumptions and inflation rate were changed in accordance to the CalPERS
Experience Study and Review of Actuarial Assumptions December 2017. There were no changes in the discount rate. In 2017, the discount rate was
reduced from 7.65 percent to 7.15 percent. In 2016, there were no changes. In 2015, amounts reported reflect an adjustment of the discount rate from
7.5 percent (net of administrative expense) to 7.65 percent (without a reduction for pension plan administrative expense.) In 2014, amounts reported
were based on the 7.5 percent discount rate.
See Notes to Required Supplementary Information.92
2019 2020 2021 2022
2,196,462$ 1,973,971$ 2,086,683$ 2,042,043$
8,797,867 9,261,660 9,645,145 10,005,168
(594,882) 1,762,387 533,373 116,967
(1,148,708) - - -
(5,934,338) (6,383,377) (6,540,485) (7,041,890)
3,316,401 6,614,641 5,724,716 5,122,288
126,659,621 129,976,022 136,590,663 142,315,379
129,976,022$ 136,590,663$ 142,315,379$ 147,437,667$
5,407,412$ 5,963,737$ 4,521,813$ 4,729,858$
812,447 791,794 805,528 745,959
7,555,653 6,322,815 5,102,524 24,010,711
(5,934,338) (6,383,377) (6,540,485) (7,041,890)
(136,651) (67,893) (143,465) (105,400)
(222) - - -
(259,502) 222 - -
7,444,799 6,627,298 3,745,915 22,339,238
87,693,643 95,138,442 101,765,740 105,511,655
95,138,442$ 101,765,740$ 105,511,655$ 127,850,893$
34,837,580$ 34,824,923$ 36,803,724$ 19,586,774$
73.20% 74.50% 74.14%86.72%
10,751,687$ 9,807,088$ 11,392,639$ 10,353,849$
324.02% 355.10% 323.05%189.17%
See Notes to Required Supplementary Information.93
CITY OF PALM DESERT
MISCELLANEOUS PLAN - AGENT MULTIPLE-EMPLOYER
SCHEDULE OF PLAN CONTRIBUTIONS
AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)
2015 2016 2017 2018
Actuarially Determined Contribution 3,393,171$ 3,585,082$ 3,550,127$ 4,219,764$
Contribution in Relation to the Actuarially Determined Contribution (4,065,411) (4,257,322) (5,303,371) (5,396,908)
Contribution Deficiency (Excess)(672,240)$ (672,240)$ (1,753,244)$ (1,177,144)$
Covered Payroll 11,448,621$ 11,342,713$ 10,684,238$ 10,751,687$
Contributions as a Percentage of Covered Payroll 35.51%37.53% 49.64%50.20%
Note to Schedule:
Valuation Date:
Methods and assumptions used to determine contribution rates:
Actuarial cost method
Amortization method/period
Asset valuation method
Inflation
Salary increases
Payroll growth
Investment rate of return
Retirement age
Mortality
7.25% net of pension investment and administrative expenses, including inflation.
The probabilities of retirement are based on the 2017 CalPERS Experience Study
for the period from 1997 to 2015.
The probabilities of retirement are based on the 2017 CalPERS Experience Study
for the period from 1997 to 2015. Pre-retirement and post-retirement mortality rates
include 15 years of projected mortality improvement using the 90% scale MP 2016
published by the Society of Actuaries.
(1) Historical information is required only for measurement for which GASB 68 is applicable. Fiscal Year 2015 was the first year of implementation,
therefore only eight years are shown.
June 30, 2019
2.875%
Varies by entry age and service
2.625%
Market value
Level percentage of payroll, closed
Entry age normal
See Notes to Required Supplementary Information.94
2019 2020 2021 2022
4,225,204$ 4,736,668$ 4,936,652$ 4,123,142$
(5,963,737) (4,521,813) (4,729,797) (4,123,142)
(1,738,533)$ 214,855$ 206,855$ -$
9,807,088$ 11,392,639$ 10,353,849$ 10,386,791$
60.81% 39.69% 45.68%39.70%
See Notes to Required Supplementary Information.95
CITY OF PALM DESERT
SCHEDULE OF CHANGES IN THE NET OPEB LIABILITY/(ASSET) AND RELATED RATIOS
AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)
2018 2019 2020 2021 2022
Total OPEB Liability
Service cost 346,417$ 357,675$ 369,299$ 366,971$ 378,897$
Interest on the total OPEB liability 1,144,106 1,199,747 1,256,431 1,117,500 1,161,531
Differences between expected and actual experience - - (4,066,457) - -
Changes in assumptions - - 2,552,767 - 1,053,761
Changes in benefit terms - - - - (910,834)
Benefit payments (653,187) (696,845) (756,759) (752,486) (819,968)
Net change in total OPEB liability 837,336 860,577 (644,719) 731,985 863,387
Total OPEB liability - beginning 16,980,271 17,817,607 18,678,184 18,033,465 18,765,450
Total OPEB liability - ending (a)17,817,607$ 18,678,184$ 18,033,465$ 18,765,450$ 19,628,837$
Plan Fiduciary Net Position
Contribution - employer 1,255,960$ 1,381,501$ 2,408,260$ 1,280,453$ 1,140,548$
Net investment income 902,331 843,319 1,226,966 977,487 3,878,532
Benefit payments (653,187) (696,845) (756,759) (752,486) (819,968)
Administrative expense (6,541) (7,371) (3,515) (9,045) (7,193)
Other Expenses - (18,115) - - -
Net change in plan fiduciary net position 1,498,563 1,502,489 2,874,952 1,496,409 4,191,919
Plan fiduciary net position - beginning 12,198,460 13,697,023 15,199,512 18,074,464 19,570,873
Plan fiduciary net position - ending (b) 13,697,023 15,199,512 18,074,464 19,570,873 23,762,792
Net OPEB Liability/(Asset) - ending (a) - (b)4,120,584$ 3,478,672$ (40,999)$ (805,423)$ (4,133,955)$
Plan fiduciary net position as a percentage of the total OPEB liability/(asset)76.87%81.38%100.23%104.29%121.06%
Covered-Employee payroll 10,584,400$ 10,749,431$ 10,546,052$ 11,382,103$ 10,881,697$
Net OPEB liability/(asset) as a percentage of covered-employee payroll 38.93% 32.36% -0.39% -7.08% -37.99%
(1)Historical information is required only for the measurement periods for which GASB 75 is applicable. Fiscal Year 2018 was the first year of implementation. Future years' information will be
displayed up to 10 years as information becomes available.
See Notes to Required Supplementary Information.96
CITY OF PALM DESERT
SCHEDULE OF PLAN CONTRIBUTIONS - OPEB
AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)
2018 2019 2020 2021 2022
520,620$ 455,021$ 348,915$ 320,508$ 994,088$
(1,217,465) (2,211,778) (1,280,453) (1,140,548) (994,088)
(696,845)$ (1,756,757)$ (931,538)$ (820,040)$ 994,088$
10,741,786$ 10,546,052$ 11,382,103$ 10,881,697$ 11,208,147$
11.33%20.97%11.25%10.48%8.87%
Notes to Schedule:
Methods and assumptions used to determine contributions:
Actuarial Cost Method
Amortization Valuation Method/Period
Asset Valuation Method Market value of assets
Inflation 2.75%
Payroll Growth
Investment Rate of Return 6.20% per annum
Healthcare cost-trend rates
Retirement Age
Mortality
(1)Historical information is required only for the measurement periods for which GASB 75 is applicable. Fiscal Year 2018 was the first year of implementation. Future years' information will be
displayed up to 10 years as information becomes available.
Entry Age Normal
Level percent of payroll over a closed rolling 30-year
6.5%; Medical plan premiums and claims costs by age are stepping down by 0.5% each year to 5%.
3.25% per annum, in aggregate
Tier 1 employees - 2.50% @55 and Tier 2 employees - 2.00% @62 The probabilities of Retirement are based on the 2017 CalPERS
Experience Study for the period of 1997 to 2015.
Mortality rates used were those published by CalPERS, adjusted to back out 20 years of Scale BB to central year 2008, then projected
using the MacLeod Watts Scale 2017 applied generationally.
Actuarially Determined Contribution
Contribution in Relation to the Actuarially Determined Contributions
Contribution Deficiency (Excess)
Covered-Employee payroll
Contributions as a percentage of covered-employee payroll
See Notes to Required Supplementary Information.97
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE BY DEPARTMENT
GENERAL FUND
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 100,413,464$ 100,413,464$ 100,413,464$ -$
Resources (Inflows):
Taxes
Property taxes 7,032,255 7,032,255 7,006,251 (26,004)
Property transfer tax 566,468 566,468 1,197,951 631,483
Property tax in lieu 4,612,960 4,612,960 4,698,158 85,198
Timeshare mitigation fee 1,467,905 1,467,905 1,555,137 87,232
Sales tax 19,879,000 23,029,000 26,193,390 3,164,390
Business license tax 1,038,273 1,038,273 1,326,920 288,647
Job valuation fees 13,700 13,700 44,032 30,332
Transient occupancy tax 10,337,678 14,037,678 22,098,939 8,061,261
Franchises 3,000,000 3,000,000 3,334,555 334,555
Penalties and interest on taxes 20,000 20,000 100,071 80,071
Total Taxes 47,968,239 54,818,239 67,555,404 12,737,165
Licenses and Permits
Building permits 843,550 1,243,550 2,063,969 820,419
Grading permits 40,000 40,000 15,345 (24,655)
Encroachment permits 40,000 160,000 166,789 6,789
Miscellaneous permits 500 500 1,790 1,290
Business regulatory permits 20,000 20,000 26,683 6,683
Golf cart permits 1,500 1,500 1,450 (50)
Valet parking permits 550 550 - (550)
Total Licenses and Permits 946,100 1,466,100 2,276,026 809,926
Intergovernmental
State mandate cost - - 65,287 65,287
Motor vehicle in-lieu fees 24,000 24,000 62,259 38,259
Monthly parking bail 10,000 10,000 6,243 (3,757)
Reimbursement RDA costs 711,665 711,665 273,156 (438,509)
Other reimbursements 626,500 626,500 5,652,852 5,026,352
Total Intergovernmental 1,372,165 1,372,165 6,059,797 4,687,632
Rental income 59,000 59,000 168,172 109,172
Charges for Services
Subdivision fees 250,000 350,000 562,119 212,119
Zoning fees 40,000 40,000 56,951 16,951
Plan check fees 180,100 430,100 616,576 186,476
Sale of maps and publications 7,500 7,500 7,774 274
Microfilm fees 2,000 2,000 233 (1,767)
Vehicle impact fee 600,000 600,000 644,455 44,455
Other fees 123,000 123,000 309,471 186,471
Total Charges for Services 1,202,600 1,552,600 2,197,579 644,979
Investment Earnings
Interest income 375,000 375,000 (2,114,133) (2,489,133)
Interest on notes receivable 200,000 200,000 181,552 (18,448)
Total investment Earnings 575,000 575,000 (1,932,581) (2,507,581)
Fines and Forfeitures
Vehicle code fines 35,000 35,000 26,682 (8,318)
Municipal court fines 25,000 25,000 1,265 (23,735)
VICR fees 75,000 75,000 71,917 (3,083)
Total Fines and Forfeitures 135,000 135,000 99,864 (35,136)
Miscellaneous
Code compliance 100,000 130,000 268,090 138,090
Certificate of compliance fee 500 500 375 (125)
Nuisance abatement tax 20,000 20,000 23,586 3,586
Abandoned vehicle abatement 38,000 38,000 59,247 21,247
Other revenue 157,000 157,000 258,068 101,068
Total Miscellaneous 315,500 345,500 609,366 263,866
Transfers in 2,932,500 2,932,500 3,774,873 842,373
Financed purchases - - 135,224 135,224
Amounts Available for Appropriations 155,919,568 163,669,568 181,357,188 17,687,620
See Notes to Required Supplementary Information.98
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE BY DEPARTMENT
GENERAL FUND
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Charges to Appropriation (Outflow):
General Government
City Council 301,064 301,064 261,272 39,792
City Clerk 1,031,110 1,031,110 873,468 157,642
Legislative Advocacy 38,500 38,500 36,225 2,275
Elections 500 500 46,709 (46,209)
City Attorney 295,473 295,473 282,063 13,410
Legal Special Services 301,875 301,875 359,411 (57,536)
City Manager 1,028,920 1,028,920 974,500 54,420
Community Services - - 47 (47)
Finance 2,121,700 2,121,700 1,893,639 228,061
Independent Audit 90,000 90,000 65,757 24,243
Human Resources 606,620 850,572 985,449 (134,877)
General Services 5,534,109 5,184,109 4,141,674 1,042,435
Information Technology 1,661,810 1,860,244 2,044,494 (184,250)
Unemployment Insurance 10,000 10,000 384 9,616
Insurance 926,000 926,000 655,010 270,990
Contributions to other Agencies 608,450 621,618 572,480 49,138
Community Promotions 1,115,500 1,115,500 1,216,272 (100,772)
Marketing 1,585,465 1,777,585 1,454,419 323,166
Visitors Information Center 12,930 12,930 134,495 (121,565)
Economic Development Center 1,001,400 1,265,361 1,083,826 181,535
Planning & Community Development 3,036,800 3,189,739 2,656,311 533,428
Total General Government 21,308,226 22,022,800 19,737,905 2,284,895
Public Safety
Police Services 20,000,359 20,000,359 19,323,938 676,421
Animal Regulation 341,000 341,000 305,581 35,419
Traffic Safety 402,850 514,899 364,983 149,916
Building and Safety 1,399,750 1,849,750 1,751,817 97,933
Community Safety 426,300 426,300 293,693 132,607
Total Public Safety 22,570,259 23,132,308 22,040,012 1,092,296
Parks, Recreation and Culture
Civic Center Park 1,318,900 1,318,900 1,481,177 (162,277)
Park Maintenance 1,091,200 1,091,200 981,169 110,031
Landscaping Service 2,080,025 2,080,025 2,287,852 (207,827)
Civic Center Park - Improvement 100,000 100,000 - 100,000
Total Parks, Recreation and Culture 4,590,125 4,590,125 4,750,198 (160,073)
Public Works
Administration 2,376,550 2,658,875 2,265,476 393,399
Street Maintenance 2,314,725 2,314,725 2,421,966 (107,241)
Curb & Gutter 25,000 25,000 10,020 14,980
Parking Lot 50,000 50,000 - 50,000
Corporate Yard 122,500 122,500 121,316 1,184
Auto Fleet / Equipment 240,000 240,000 309,240 (69,240)
Public Bldg - Opr/Maint.585,325 685,325 742,653 (57,328)
Portola Community Center 151,400 151,400 155,291 (3,891)
Total Public Works 5,865,500 6,247,825 6,025,962 221,863
Capital outlay 60,000 158,800 176,287 (17,487)
Transfers out 8,110,435 9,200,435 7,744,283 1,456,152
Contribution to other government - - 1,001,688 (1,001,688)
Total Charges to Appropriations 62,504,545 65,352,293 61,476,335 3,875,958
Budgetary Fund Balance, June 30 93,415,023$ 98,317,275$ 119,880,853$ 21,563,578$
See Notes to Required Supplementary Information.99
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE
MEASURE A
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 22,154,785$ 22,154,785$ 22,154,785$ -$
Resources (Inflows):
Taxes 2,415,000 2,415,000 3,483,227 1,068,227
Intergovernmental 500,000 500,000 620,792 120,792
Investment earnings 100,000 100,000 (292,440) (392,440)
Amounts Available for Appropriations 25,169,785 25,169,785 25,966,364 796,579
Charges to Appropriation (Outflow):
Public works 3,880,000 4,702,432 480,908 4,221,524
Capital outlay 2,500,000 28,097,747 3,667,005 24,430,742
Total Charges to Appropriations 6,380,000 32,800,179 4,147,913 28,652,266
Budgetary Fund Balance, June 30 18,789,785$ (7,630,394)$ 21,818,451$ 29,448,845$
See Notes to Required Supplementary Information 100
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE
PROP A FIRE TAX
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 8,546,839$ 8,546,839$ 8,546,839$ -$
Resources (Inflows):
Taxes 6,519,410 6,519,410 8,914,785 2,395,375
Assessments 2,400,000 2,400,000 2,130,793 (269,207)
Intergovernmental 1,100,000 1,100,000 1,210,837 110,837
Charges for services 2,300,000 2,300,000 2,869,233 569,233
Investment earnings 15,000 15,000 42,141 27,141
Miscellaneous 10,000 10,000 514 (9,486)
Transfers in 4,000,000 4,000,000 4,000,000 -
Amounts Available for Appropriations 24,891,249 24,891,249 27,715,142 2,823,893
Charges to Appropriation (Outflow):
Public safety 16,286,500 16,295,365 15,017,227 1,278,138
Capital outlay 1,213,000 1,213,000 15,603 1,197,397
Total Charges to Appropriations 17,499,500 17,508,365 15,032,830 2,475,535
Budgetary Fund Balance, June 30 7,391,749$ 7,382,884$ 12,682,312$ 5,299,428$
See Notes to Required Supplementary Information.101
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE
HOUSING ASSET FUND
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 48,618,876$ 48,618,876$ 48,618,876$ -$
Resources (Inflows):
Investment earnings 98,000 98,000 85,001 (12,999)
Miscellaneous - - 75,353 75,353
Amounts Available for Appropriations 48,716,876 48,716,876 48,779,230 62,354
Charges to Appropriation (Outflow):
Housing and redevelopment 423,650 6,453,650 62,951 6,390,699
Capital outlay 300,000 300,000 113,000 187,000
Total Charges to Appropriations 723,650 6,753,650 175,951 6,577,699
Budgetary Fund Balance, June 30 47,993,226$ 41,963,226$ 48,603,279$ 6,640,053$
See Notes to Required Supplementary Information.102
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE
HOUSING AUTHORITY
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 19,345,125$ 19,345,125$ 19,345,125$ -$
Resources (Inflows):
Rental income 7,250,001 7,250,001 7,893,204 643,203
Investment earnings 50,000 50,000 7,168 (42,832)
Amounts Available for Appropriations 26,645,126 26,645,126 27,245,497 600,371
Charges to Appropriation (Outflow):
Housing and redevelopment 9,579,868 10,091,033 7,875,085 2,215,948
Transfers out 284,100 284,100 245,356 38,744
Total Charges to Appropriations 9,863,968 10,375,133 8,120,441 2,254,692
Budgetary Fund Balance, June 30 16,781,158$ 16,269,993$ 19,125,056$ 2,855,063$
See Notes to Required Supplementary Information.103
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CITY OF PALM DESERT
COMBINING BALANCE SHEET
OTHER GOVERNMENTAL FUNDS
JUNE 30, 2022
ASSETS:
Pooled cash and investments 28,486,996$ 30,765,713$ 95,493$ 59,348,202$
Receivables:
Accounts 804,412 - - 804,412
Assessments 5,874 - 1,133,708 1,139,582
Loans 1,435,167 - - 1,435,167
Interest 236,626 1,315,141 - 1,551,767
Allowance for interest on Successor Agency (180,504) (1,315,141) - (1,495,645)
Prepaid costs 2,843 16,748 - 19,591
Deposits - 20,000 - 20,000
Due from other governments 713,827 - 4,213 718,040
Inventories 7,813 - - 7,813
Restricted assets:
Cash and investments with fiscal agents 19,611 - - 19,611
Advances to Successor Agency 654,000 4,765,000 - 5,419,000
Allowance for Advances to Successor Agency (654,000) (4,765,000) - (5,419,000)
TOTAL ASSETS 31,532,665$ 30,802,461$ 1,233,414$ 63,568,540$
Liabilities, Deferred Inflows of Resources,
and Fund Balances:
LIABILITIES:
Accounts payable 1,204,759$ 856,694$ -$ 2,061,453$
Accrued liabilities 11,669 - - 11,669
Unearned revenues 383,838 251,273 - 635,111
Deposits payable 3,780 - - 3,780
Due to other funds 212,345 - - 212,345
Advances from other funds 1,159,000 - - 1,159,000
TOTAL LIABILITIES 2,975,391 1,107,967 - 4,083,358
DEFERRED INFLOWS OF RESOURCES:
Unavailable revenues 239,203 164,790 1,133,708 1,537,701
Total Deferred Inflows of Resources 239,203 164,790 1,133,708 1,537,701
FUND BALANCES:
Nonspendable:
Prepaid costs 2,843 16,748 - 19,591
Restricted for:
Public safety 1,958,136 - - 1,958,136
Capital Projects - 190,103 - 190,103
Debt service - - 99,706 99,706
Street related purposes 7,701,044 - - 7,701,044
Low income housing 3,547,149 - - 3,547,149
Public facilities 3,834,842 - - 3,834,842
Special programs 7,514,677 1,244,814 - 8,759,491
Committed to:
Aquatic center 1,994,308 - - 1,994,308
Energy loan program 1,891,686 - - 1,891,686
Assigned to:
Capital projects - 9,325,981 - 9,325,981
Property acquisition - 420,387 - 420,387
Public facilities - 15,555,370 - 15,555,370
Special programs - 664,555 - 664,555
Street related purposes - 2,111,746 - 2,111,746
Unassigned (126,614) - - (126,614)
TOTAL FUND BALANCES 28,318,071 29,529,704 99,706 57,947,481
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND BALANCES 31,532,665$ 30,802,461$ 1,233,414$ 63,568,540$
Total Other
Governmental
Funds
Debt Service
Fund
Capital
Projects
Funds
Special
Revenue
Funds
106
CITY OF PALM DESERT
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
OTHER GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2022
REVENUES:
Taxes 4,083,775$ -$ -$ 4,083,775$
Special assessments collected 1,133,632 - 142,682 1,276,314
Licenses and permits - 346,669 - 346,669
Intergovernmental revenues 4,337,693 70,952 - 4,408,645
Charges for services 1,108,688 - - 1,108,688
Investment earnings 8,550 (383,234) (1,961) (376,645)
Rental income - 67,649 - 67,649
Fines and forfeitures 5,334 - - 5,334
Contributions - 1,974,653 - 1,974,653
Miscellaneous 1,380,000 2,577,394 - 3,957,394
TOTAL REVENUES 12,057,672 4,654,083 140,721 16,852,476
EXPENDITURES:
Current:
General government 875,825 5,363,551 15,479 6,254,855
Public safety 265,712 - - 265,712
Parks, recreation and culture 2,053,385 634,824 - 2,688,209
Public works 2,768,748 21,602 - 2,790,350
Housing and redevelopment 294,404 - - 294,404
Capital outlay 2,769,796 4,124,170 - 6,893,966
Debt service:
Principal retirement 330,000 - 48,000 378,000
Interest and fiscal charges 100,665 - 56,797 157,462
TOTAL EXPENDITURES 9,458,535 10,144,147 120,276 19,722,958
EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 2,599,137 (5,490,064) 20,445 (2,870,482)
OTHER FINANCING SOURCES (USES)
Transfers in 1,760,529 2,020,000 - 3,780,529
Transfers out (3,673,806) (201,067) - (3,874,873)
Finance purchases - 2,468,060 - 2,468,060
TOTAL OTHER FINANCING
SOURCES (USES)(1,913,277) 4,286,993 - 2,373,716
NET CHANGE IN FUND BALANCES 685,860 (1,203,071) 20,445 (496,766)
FUND BALANCES - BEGINNING OF YEAR 27,632,211 30,732,775 79,261 58,444,247
FUND BALANCES - END OF YEAR 28,318,071$ 29,529,704$ 99,706$ 57,947,481$
Total Other
Governmental
Funds
Special
Revenue
Funds
Capital
Projects
Funds
Debt Service
Fund
107
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109
CITY OF PALM DESERT
COMBINING BALANCE SHEET
OTHER SPECIAL REVENUE FUNDS
JUNE 30, 2022
ASSETS:
Pooled cash and investments 2,717$ 5,133,262$ 3,551,206$ -$
Receivables:
Accounts - - - -
Assessments - - - -
Loans - - - -
Interest - - - -
Allowance for interest on Successor Agency - - - -
Prepaid costs - - - -
Due from other governments 221 307,170 - 183,081
Inventories - - - -
Restricted assets:
Cash and investments with fiscal agents - - - -
Advances to Successor Agency - - - -
Allowance for Advances to Successor Agency - - - -
TOTAL ASSETS 2,938$ 5,440,432$ 3,551,206$ 183,081$
Liabilities, Deferred Inflows of Resources,
and Fund Balances:
LIABILITIES:
Accounts payable -$ 271,264$ 4,057$ 85,575$
Accrued liabilities - - - -
Unearned revenues - - - -
Deposits payable - - - -
Due to other funds - - - 41,039
Advances from other funds - - - -
TOTAL LIABILITIES - 271,264 4,057 126,614
DEFERRED INFLOWS OF RESOURCES:
Unavailable revenues - - - 183,081
Total Deferred Inflows of Resources - - - 183,081
FUND BALANCES:
Nonspendable:
Prepaid costs - - - -
Restricted for:
Public safety - - - -
Street related purposes 2,938 5,169,168 - -
Low income housing - - 3,547,149 -
Public facilities - - - -
Special programs - - - -
Committed to:
Aquatic center - - - -
Energy loan program - - - -
Unassigned - - - (126,614)
TOTAL FUND BALANCES 2,938 5,169,168 3,547,149 (126,614)
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND BALANCES 2,938$ 5,440,432$ 3,551,206$ 183,081$
Traffic Safety Gas Tax
Housing
Mitigation Fee
Community
Development
Block Grant
110
CITY OF PALM DESERT
COMBINING BALANCE SHEET
OTHER SPECIAL REVENUE FUNDS
JUNE 30, 2022
ASSETS:
Pooled cash and investments
Receivables:
Accounts
Assessments
Loans
Interest
Allowance for interest on Successor Agency
Prepaid costs
Due from other governments
Inventories
Restricted assets:
Cash and investments with fiscal agents
Advances to Successor Agency
Allowance for Advances to Successor Agency
TOTAL ASSETS
Liabilities, Deferred Inflows of Resources,
and Fund Balances:
LIABILITIES:
Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to other funds
Advances from other funds
TOTAL LIABILITIES
DEFERRED INFLOWS OF RESOURCES:
Unavailable revenues
Total Deferred Inflows of Resources
FUND BALANCES:
Nonspendable:
Prepaid costs
Restricted for:
Public safety
Street related purposes
Low income housing
Public facilities
Special programs
Committed to:
Aquatic center
Energy loan program
Unassigned
TOTAL FUND BALANCES
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND BALANCES
(CONTINUED)
673,863$ 321,664$ 1,452,361$ 740,537$
- - - -
- - - -
- - - -
- - 180,504 -
- - (180,504) -
- - - -
- - 23,486 -
- - - -
- - - -
- - 654,000 -
- - (654,000) -
673,863$ 321,664$ 1,475,847$ 740,537$
-$ 12,397$ 23,499$ -$
- - - -
- 293,220 - -
- - - -
- - - -
- - - -
- 305,617 23,499 -
- - - -
- - - -
- - - -
- 16,047 - -
- - - 740,537
- - - -
673,863 - 1,452,348 -
- - - -
- - - -
- - - -
- - -
673,863 16,047 1,452,348 740,537
673,863$ 321,664$ 1,475,847$ 740,537$
Child Care
Program
Public Safety
Police Grants
New
Construction
Tax
Planned
Drainage
111
CITY OF PALM DESERT
COMBINING BALANCE SHEET
OTHER SPECIAL REVENUE FUNDS
JUNE 30, 2022
ASSETS:
Pooled cash and investments
Receivables:
Accounts
Assessments
Loans
Interest
Allowance for interest on Successor Agency
Prepaid costs
Due from other governments
Inventories
Restricted assets:
Cash and investments with fiscal agents
Advances to Successor Agency
Allowance for Advances to Successor Agency
TOTAL ASSETS
Liabilities, Deferred Inflows of Resources,
and Fund Balances:
LIABILITIES:
Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to other funds
Advances from other funds
TOTAL LIABILITIES
DEFERRED INFLOWS OF RESOURCES:
Unavailable revenues
Total Deferred Inflows of Resources
FUND BALANCES:
Nonspendable:
Prepaid costs
Restricted for:
Public safety
Street related purposes
Low income housing
Public facilities
Special programs
Committed to:
Aquatic center
Energy loan program
Unassigned
TOTAL FUND BALANCES
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND BALANCES
1,708,631$ 438,750$ 1,368,086$ 3,008,475$
- - - 55,337
- - - -
- - - -
- - - -
- - - -
- - - 200
- - - -
- - - -
- - - -
- - - -
- - - -
1,708,631$ 438,750$ 1,368,086$ 3,064,012$
-$ -$ -$ 45,448$
- - - -
- - - 90,618
- - - -
- - - -
- - - -
- - - 136,066
- - - -
- - - -
- - - 200
- - 1,368,086 -
- 438,750 - -
- - - -
1,708,631 - - -
- - - 2,927,746
- - - -
- - - -
- - - -
1,708,631 438,750 1,368,086 2,927,946
1,708,631$ 438,750$ 1,368,086$ 3,064,012$
Parks and
Recreational
Facilities Traffic Signals
Fire Facilities
Restoration Recycling
112
CITY OF PALM DESERT
COMBINING BALANCE SHEET
OTHER SPECIAL REVENUE FUNDS
JUNE 30, 2022
ASSETS:
Pooled cash and investments
Receivables:
Accounts
Assessments
Loans
Interest
Allowance for interest on Successor Agency
Prepaid costs
Due from other governments
Inventories
Restricted assets:
Cash and investments with fiscal agents
Advances to Successor Agency
Allowance for Advances to Successor Agency
TOTAL ASSETS
Liabilities, Deferred Inflows of Resources,
and Fund Balances:
LIABILITIES:
Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to other funds
Advances from other funds
TOTAL LIABILITIES
DEFERRED INFLOWS OF RESOURCES:
Unavailable revenues
Total Deferred Inflows of Resources
FUND BALANCES:
Nonspendable:
Prepaid costs
Restricted for:
Public safety
Street related purposes
Low income housing
Public facilities
Special programs
Committed to:
Aquatic center
Energy loan program
Unassigned
TOTAL FUND BALANCES
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND BALANCES
(CONTINUED)
1,609,645$ 46,939$ 2,176,389$ 288,475$
- - 447,889 289,308
5,874 - - -
1,435,167 - - -
56,122 - - -
- - - -
- 691 1,952 -
- - - -
- - 7,813 -
- - 19,611 -
- - - -
- - - -
3,106,808$ 47,630$ 2,653,654$ 577,783$
-$ 32,794$ 657,394$ -$
- - - -
- - - -
- - - 3,780
- - - -
1,159,000 - - -
1,159,000 32,794 657,394 3,780
56,122 - - -
56,122 - - -
- 691 1,952 -
- - - 574,003
- - - -
- - - -
- - - -
- 14,145 - -
- - 1,994,308 -
1,891,686 - - -
- - - -
1,891,686 14,836 1,996,260 574,003
3,106,808$ 47,630$ 2,653,654$ 577,783$
Energy
Independence
Loan
Air Quality
Management
Aquatic
Center
Cannabis
Compliance
113
CITY OF PALM DESERT
COMBINING BALANCE SHEET
OTHER SPECIAL REVENUE FUNDS
JUNE 30, 2022
ASSETS:
Pooled cash and investments
Receivables:
Accounts
Assessments
Loans
Interest
Allowance for interest on Successor Agency
Prepaid costs
Due from other governments
Inventories
Restricted assets:
Cash and investments with fiscal agents
Advances to Successor Agency
Allowance for Advances to Successor Agency
TOTAL ASSETS
Liabilities, Deferred Inflows of Resources,
and Fund Balances:
LIABILITIES:
Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to other funds
Advances from other funds
TOTAL LIABILITIES
DEFERRED INFLOWS OF RESOURCES:
Unavailable revenues
Total Deferred Inflows of Resources
FUND BALANCES:
Nonspendable:
Prepaid costs
Restricted for:
Public safety
Street related purposes
Low income housing
Public facilities
Special programs
Committed to:
Aquatic center
Energy loan program
Unassigned
TOTAL FUND BALANCES
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND BALANCES
70,103$ 4,534,224$ 1,361,669$ -$ 28,486,996$
11,878 - - - 804,412
- - - - 5,874
- - - - 1,435,167
- - - - 236,626
- - - - (180,504)
- - - - 2,843
- 28,563 - 171,306 713,827
- - - - 7,813
- - - - 19,611
- - - - 654,000
- - - - (654,000)
81,981$ 4,562,787$ 1,361,669$ 171,306$ 31,532,665$
10,496$ 61,486$ 349$ -$ 1,204,759$
- - 11,669 - 11,669
- - - - 383,838
- - - - 3,780
- - - 171,306 212,345
- - - - 1,159,000
10,496 61,486 12,018 171,306 2,975,391
- - - - 239,203
- - - - 239,203
- - - - 2,843
- - - - 1,958,136
- - 1,349,651 - 7,701,044
- - - - 3,547,149
- - - - 3,834,842
71,485 4,501,301 - - 7,514,677
- - - - 1,994,308
- - - - 1,891,686
- - - - (126,614)
71,485 4,501,301 1,349,651 - 28,318,071
81,981$ 4,562,787$ 1,361,669$ 171,306$ 31,532,665$
El Paseo
Assessment
District
Landscape
and Lighting
Districts Nos.
1 - 17
Affordable
Housing Fund
Permanent
Local Housing
Allocation
Grant
Total Other
Special Revenue
Funds
114
7KLVSDJHLQWHQWLRQDOO\OHIWEODQN
115
CITY OF PALM DESERT
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
OTHER SPECIAL REVENUE FUNDS
YEAR ENDED JUNE 30, 2022
REVENUES:
Taxes -$ -$ 27,247$ -$
Special assessments collected - - - -
Intergovernmental revenues - 2,324,252 - 42,492
Charges for services - - - -
Investment earnings (87) 28,930 (36,942) 108
Fines and forfeitures 5,334 - - -
Miscellaneous - - 30,000 -
TOTAL REVENUES 5,247 2,353,182 20,305 42,600
EXPENDITURES:
Current:
General government - - - 225,573
Public safety - - - -
Parks, recreation and culture - - - -
Public works - 2,053,709 - -
Housing and redevelopment - - 49,048 -
Capital outlay - - - -
Debt service:
Principal retirement - - - -
Interest and fiscal charges - - - -
TOTAL EXPENDITURES - 2,053,709 49,048 225,573
EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 5,247 299,473 (28,743) (182,973)
OTHER FINANCING SOURCES (USES)
Transfers in - - - -
Transfers out (2,500) - - -
TOTAL OTHER FINANCING
SOURCES (USES) (2,500) - - -
NET CHANGE IN FUND BALANCES 2,747 299,473 (28,743) (182,973)
FUND BALANCES - BEGINNING OF YEAR 191 4,869,695 3,575,892 56,359
FUND BALANCES - END OF YEAR 2,938$ 5,169,168$ 3,547,149$ (126,614)$
Traffic Safety Gas Tax
Housing
Mitigation
Fee
Community
Development
Block Grant
116
CITY OF PALM DESERT
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
OTHER SPECIAL REVENUE FUNDS
YEAR ENDED JUNE 30, 2022
REVENUES:
Taxes
Special assessments collected
Intergovernmental revenues
Charges for services
Investment earnings
Fines and forfeitures
Miscellaneous
TOTAL REVENUES
EXPENDITURES:
Current:
General government
Public safety
Parks, recreation and culture
Public works
Housing and redevelopment
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
TOTAL EXPENDITURES
EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
TOTAL OTHER FINANCING
SOURCES (USES)
NET CHANGE IN FUND BALANCES
FUND BALANCES - BEGINNING OF YEAR
FUND BALANCES - END OF YEAR
(CONTINUED)
32,945$ -$ 326,092$ 43,295$
- - - -
- 53,024 1,681,840 -
- - - -
(8,321) 1,297 (33,771) (10,432)
- - - -
- - - -
24,624 54,321 1,974,161 32,863
- - - -
- 53,024 - -
- - - -
- - - -
- - - -
900,000 - 1,600,466 -
- - - -
- - - -
900,000 53,024 1,600,466 -
(875,376) 1,297 373,695 32,863
- - - -
- - - -
- - - -
(875,376) 1,297 373,695 32,863
1,549,239 14,750 1,078,653 707,674
673,863$ 16,047$ 1,452,348$ 740,537$
Public
Safety Police
Grants
New
Construction
Tax
Planned
Drainage
Child Care
Program
117
CITY OF PALM DESERT
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
OTHER SPECIAL REVENUE FUNDS
YEAR ENDED JUNE 30, 2022
REVENUES:
Taxes
Special assessments collected
Intergovernmental revenues
Charges for services
Investment earnings
Fines and forfeitures
Miscellaneous
TOTAL REVENUES
EXPENDITURES:
Current:
General government
Public safety
Parks, recreation and culture
Public works
Housing and redevelopment
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
TOTAL EXPENDITURES
EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
TOTAL OTHER FINANCING
SOURCES (USES)
NET CHANGE IN FUND BALANCES
FUND BALANCES - BEGINNING OF YEAR
FUND BALANCES - END OF YEAR
133,411$ 8,400$ 125,925$ -$
- - - -
- - - 13,428
- - - 441,458
(23,845) (6,141) (19,227) (42,512)
- - - -
- - - -
109,566 2,259 106,698 412,374
- - - 344,161
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - 344,161
109,566 2,259 106,698 68,213
- - - -
- - - -
- - - -
109,566 2,259 106,698 68,213
1,599,065 436,491 1,261,388 2,859,733
1,708,631$ 438,750$ 1,368,086$ 2,927,946$
Parks and
Recreational
Facilities
Traffic
Signals
Fire
Facilities
Restoration Recycling
118
CITY OF PALM DESERT
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
OTHER SPECIAL REVENUE FUNDS
YEAR ENDED JUNE 30, 2022
REVENUES:
Taxes
Special assessments collected
Intergovernmental revenues
Charges for services
Investment earnings
Fines and forfeitures
Miscellaneous
TOTAL REVENUES
EXPENDITURES:
Current:
General government
Public safety
Parks, recreation and culture
Public works
Housing and redevelopment
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
TOTAL EXPENDITURES
EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
TOTAL OTHER FINANCING
SOURCES (USES)
NET CHANGE IN FUND BALANCES
FUND BALANCES - BEGINNING OF YEAR
FUND BALANCES - END OF YEAR
(CONTINUED)
-$ -$ -$ 3,386,460$
- - - -
- 51,351 - -
- - 667,230 -
130,009 (723) 8,077 -
- - - -
- - - -
130,009 50,628 675,307 3,386,460
4,904 61,670 - -
- - - 212,688
- - 2,053,385 -
- - - -
- - - -
- 1,222 267,759 -
330,000 - - -
100,665 - - -
435,569 62,892 2,321,144 212,688
(305,560) (12,264) (1,645,837) 3,173,772
- - 1,400,500 -
- - - (3,500,000)
- - 1,400,500 (3,500,000)
(305,560) (12,264) (245,337) (326,228)
2,197,246 27,100 2,241,597 900,231
1,891,686$ 14,836$ 1,996,260$ 574,003$
Air Quality
Management
Aquatic
Center
Cannabis
Compliance
Energy
Independence
Loan
119
CITY OF PALM DESERT
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
OTHER SPECIAL REVENUE FUNDS
YEAR ENDED JUNE 30, 2022
REVENUES:
Taxes
Special assessments collected
Intergovernmental revenues
Charges for services
Investment earnings
Fines and forfeitures
Miscellaneous
TOTAL REVENUES
EXPENDITURES:
Current:
General government
Public safety
Parks, recreation and culture
Public works
Housing and redevelopment
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
TOTAL EXPENDITURES
EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
TOTAL OTHER FINANCING
SOURCES (USES)
NET CHANGE IN FUND BALANCES
FUND BALANCES - BEGINNING OF YEAR
FUND BALANCES - END OF YEAR
-$ -$ -$ -$ 4,083,775$
248,485 885,147 - - 1,133,632
- - - 171,306 4,337,693
- - - - 1,108,688
337 21,793 - - 8,550
- - - - 5,334
- - 1,350,000 - 1,380,000
248,822 906,940 1,350,000 171,306 12,057,672
239,517 - - - 875,825
- - - - 265,712
- - - - 2,053,385
- 715,039 - - 2,768,748
- - 245,356 - 294,404
- - 349 - 2,769,796
- - - - 330,000
- - - - 100,665
239,517 715,039 245,705 - 9,458,535
9,305 191,901 1,104,295 171,306 2,427,831
- 114,673 245,356 - 1,760,529
- - - (171,306) (3,502,500)
- 114,673 245,356 (171,306) (1,741,971)
9,305 306,574 1,349,651 - 685,860
62,180 4,194,727 - - 27,632,211
71,485$ 4,501,301$ 1,349,651$ -$ 28,318,071$
Total Other
Special Revenue
Funds
El Paseo
Assessment
District
Landscape
and Lighting
Districts Nos.
1 - 17
Affordable
Housing Fund
Permanent
Local Housing
Allocation
Grant
120
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE
TRAFFIC SAFETY
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 191$ 191$ 191$ -$
Resources (Inflows):
Investment earnings - - (87) (87)
Fines and forfeitures 2,500 2,500 5,334 2,834
Amounts Available for Appropriations 2,691 2,691 5,438 2,747
Charges to Appropriation (Outflow):
Transfers out 2,500 2,500 2,500 -
Total Charges to Appropriations 2,500 2,500 2,500 -
Budgetary Fund Balance, June 30 191$ 191$ 2,938$ 2,747$
121
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE
GAS TAX
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 4,869,695$ 4,869,695$ 4,869,695$ -$
Resources (Inflows):
Intergovernmental 2,392,339 2,392,339 2,324,252 (68,087)
Investment earnings 20,000 20,000 28,930 8,930
Amounts Available for Appropriations 7,282,034 7,282,034 7,222,877 (59,157)
Charges to Appropriation (Outflow):
Public works 4,550,000 4,815,238 2,053,709 2,761,529
Total Charges to Appropriations 4,550,000 4,815,238 2,053,709 2,761,529
Budgetary Fund Balance, June 30 2,732,034$ 2,466,796$ 5,169,168$ 2,702,372$
122
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE
HOUSING MITIGATION FEE
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 3,575,892$ 3,575,892$ 3,575,892$ -$
Resources (Inflows):
Taxes 68,600 68,600 27,247 (41,353)
Investment earnings 15,000 15,000 (36,942) (51,942)
Miscellaneous - - 30,000 30,000
Amounts Available for Appropriations 3,659,492 3,659,492 3,596,197 (63,295)
Charges to Appropriation (Outflow):
Housing and redevelopment 550,000 550,000 49,048 500,952
Total Charges to Appropriations 550,000 550,000 49,048 500,952
Budgetary Fund Balance, June 30 3,109,492$ 3,109,492$ 3,547,149$ 437,657$
123
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE
COMMUNITY DEVELOPMENT BLOCK GRANT
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 56,359$ 56,359$ 56,359$ -$
Resources (Inflows):
Intergovernmental 418,663 418,663 42,492 (376,171)
Investment earnings 100 100 108 8
Amounts Available for Appropriations 475,122 475,122 98,959 (376,163)
Charges to Appropriation (Outflow):
General government 418,663 629,763 225,573 404,190
Total Charges to Appropriations 418,663 629,763 225,573 404,190
Budgetary Fund Balance, June 30 56,459$ (154,641)$ (126,614)$ 28,027$
124
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE
CHILD CARE PROGRAM
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 1,549,239$ 1,549,239$ 1,549,239$ -$
Resources (Inflows):
Taxes 56,800 56,800 32,945 (23,855)
Investment earnings 9,000 9,000 (8,321) (17,321)
Amounts Available for Appropriations 1,615,039 1,615,039 1,573,863 (41,176)
Charges to Appropriation (Outflow):
Capital outlay - 1,584,000 900,000 684,000
Total Charges to Appropriations - 1,584,000 900,000 684,000
Budgetary Fund Balance, June 30 1,615,039$ 31,039$ 673,863$ 642,824$
125
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE
PUBLIC SAFETY POLICE GRANTS
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 14,750$ 14,750$ 14,750$ -$
Resources (Inflows):
Intergovernmental 200,000 200,000 53,024 (146,976)
Investment earnings 500 500 1,297 797
Amounts Available for Appropriations 215,250 215,250 69,071 (146,179)
Charges to Appropriation (Outflow):
Public safety 112,000 112,000 53,024 58,976
Capital outlay 88,000 88,000 - 88,000
Total Charges to Appropriations 200,000 200,000 53,024 146,976
Budgetary Fund Balance, June 30 15,250$ 15,250$ 16,047$ 797$
126
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE
NEW CONSTRUCTION TAX
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 1,078,653$ 1,078,653$ 1,078,653$ -$
Resources (Inflows):
Taxes 307,400 307,400 326,092 18,692
Intergovernmental 2,092,000 2,092,000 1,681,840 (410,160)
Investment earnings 3,000 3,000 (33,771) (36,771)
Amounts Available for Appropriations 3,481,053 3,481,053 3,052,814 (428,239)
Charges to Appropriation (Outflow):
Capital outlay - 4,312,549 1,600,466 2,712,083
Total Charges to Appropriations - 4,312,549 1,600,466 2,712,083
Budgetary Fund Balance, June 30 3,481,053$ (831,496)$ 1,452,348$ 2,283,844$
127
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE
PLANNED DRAINAGE
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 707,674$ 707,674$ 707,674$ -$
Resources (Inflows):
Taxes 60,000 60,000 43,295 (16,705)
Investment earnings 3,000 3,000 (10,432) (13,432)
Amounts Available for Appropriations 770,674 770,674 740,537 (30,137)
Charges to Appropriation (Outflow):
Public works - 36,101 - 36,101
Capital outlay - 13,000 - 13,000
Total Charges to Appropriations - 49,101 - 49,101
Budgetary Fund Balance, June 30 770,674$ 721,573$ 740,537$ 18,964$
128
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE
PARKS AND RECREATIONAL FACILITIES
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 1,599,065$ 1,599,065$ 1,599,065$ -$
Resources (Inflows):
Taxes 25,000 25,000 133,411 108,411
Investment earnings 3,000 3,000 (23,845) (26,845)
Amounts Available for Appropriations 1,627,065 1,627,065 1,708,631 81,566
Charges to Appropriation (Outflow):
Capital outlay 250,000 1,303,333 - 1,303,333
Total Charges to Appropriations 250,000 1,303,333 - 1,303,333
Budgetary Fund Balance, June 30 1,377,065$ 323,732$ 1,708,631$ 1,384,899$
129
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE
TRAFFIC SIGNALS
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 436,491$ 436,491$ 436,491$ -$
Resources (Inflows):
Taxes 25,000 25,000 8,400 (16,600)
Investment earnings 500 500 (6,141) (6,641)
Amounts Available for Appropriations 461,991 461,991 438,750 (23,241)
Charges to Appropriation (Outflow):
Capital outlay 75,000 231,925 - 231,925
Total Charges to Appropriations 75,000 231,925 - 231,925
Budgetary Fund Balance, June 30 386,991$ 230,066$ 438,750$ 208,684$
130
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE
FIRE FACILITIES RESTORATION
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 1,261,388$ 1,261,388$ 1,261,388$ -$
Resources (Inflows):
Taxes 39,400 39,400 125,925 86,525
Investment earnings 7,000 7,000 (19,227) (26,227)
Amounts Available for Appropriations 1,307,788 1,307,788 1,368,086 60,298
Charges to Appropriation (Outflow):
Capital outlay - 1,223,471 - 1,223,471
Total Charges to Appropriations - 1,223,471 - 1,223,471
Budgetary Fund Balance, June 30 1,307,788$ 84,317$ 1,368,086$ 1,283,769$
131
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE
RECYCLING
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 2,859,733$ 2,859,733$ 2,859,733$ -$
Resources (Inflows):
Intergovernmental - - 13,428 13,428
Charges for services 275,000 275,000 441,458 166,458
Investment earnings 7,000 7,000 (42,512) (49,512)
Amounts Available for Appropriations 3,141,733 3,141,733 3,272,107 130,374
Charges to Appropriation (Outflow):
General government 370,000 633,005 344,161 288,844
Public works - 27,692 - 27,692
Total Charges to Appropriations 370,000 660,697 344,161 316,536
Budgetary Fund Balance, June 30 2,771,733$ 2,481,036$ 2,927,946$ 446,910$
132
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE
ENERGY INDEPENDENCE LOAN
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 2,197,246$ 2,197,246$ 2,197,246$ -$
Resources (Inflows):
Investment earnings 357,000 357,000 130,009 (226,991)
Amounts Available for Appropriations 2,554,246 2,554,246 2,327,255 (226,991)
Charges to Appropriation (Outflow):
General government 15,000 15,000 4,904 10,096
Debt service:
Principal retirement 184,000 184,000 330,000 (146,000)
Interest and fiscal charges 121,840 121,840 100,665 21,175
Total Charges to Appropriations 320,840 320,840 435,569 (114,729)
Budgetary Fund Balance, June 30 2,233,406$ 2,233,406$ 1,891,686$ (341,720)$
133
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE
AIR QUALITY MANAGEMENT
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 27,100$ 27,100$ 27,100$ -$
Resources (Inflows):
Intergovernmental 73,400 73,400 51,351 (22,049)
Investment earnings 50 50 (723) (773)
Amounts Available for Appropriations 100,550 100,550 77,728 (22,822)
Charges to Appropriation (Outflow):
General government 63,100 63,100 61,670 1,430
Total Charges to Appropriations 63,100 83,100 62,892 20,208
Budgetary Fund Balance, June 30 37,450$ 17,450$ 14,836$ (2,614)$
134
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE
AQUATIC CENTER
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 2,241,597$ 2,241,597$ 2,241,597$ -$
Resources (Inflows):
Charges for services 875,000 875,000 667,230 (207,770)
Investment earnings 3,000 3,000 8,077 5,077
Transfers in 1,400,500 1,400,500 1,400,500 -
Amounts Available for Appropriations 4,520,097 4,520,097 4,317,404 (202,693)
Charges to Appropriation (Outflow):
Parks, recreation and culture 2,093,500 2,093,500 2,053,385 40,115
Capital outlay 185,000 425,276 267,759 157,517
Total Charges to Appropriations 2,278,500 2,518,776 2,321,144 197,632
Budgetary Fund Balance, June 30 2,241,597$ 2,001,321$ 1,996,260$ (5,061)$
135
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE
CANNABIS COMPLIANCE
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 900,231$ 900,231$ 900,231$ -$
Resources (Inflows):
Taxes 2,804,800 2,804,800 3,386,460 581,660
Amounts Available for Appropriations 3,705,031 3,705,031 4,286,691 581,660
Charges to Appropriation (Outflow):
Public safety 50,000 50,000 212,688 (162,688)
Transfers out 2,500,000 2,500,000 3,500,000 (1,000,000)
Total Charges to Appropriations 2,550,000 2,550,000 3,712,688 (1,162,688)
Budgetary Fund Balance, June 30 1,155,031$ 1,155,031$ 574,003$ (581,028)$
136
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE
EL PASEO ASSESSMENT DISTRICT
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 62,180$ 62,180$ 62,180$ -$
Resources (Inflows):
Assessments 250,000 250,000 248,485 (1,515)
Investment earnings - - 337 337
Amounts Available for Appropriations 312,180 312,180 311,002 (1,178)
Charges to Appropriation (Outflow):
General government 250,000 250,000 239,517 10,483
Total Charges to Appropriations 250,000 250,000 239,517 10,483
Budgetary Fund Balance, June 30 62,180$ 62,180$ 71,485$ 9,305$
137
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE
LANDSCAPE AND LIGHTING DISTRICTS NOS 1 -17
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 4,194,727$ 4,194,727$ 4,194,727$ -$
Resources (Inflows):
Assessments 895,475 895,475 885,147 (10,328)
Investment earnings 7,000 7,000 21,793 14,793
Transfers in 110,000 110,000 114,673 4,673
Amounts Available for Appropriations 5,207,202 5,207,202 5,216,340 9,138
Charges to Appropriation (Outflow):
Public works 1,058,059 1,058,059 715,039 343,020
Total Charges to Appropriations 1,058,059 1,058,059 715,039 343,020
Budgetary Fund Balance, June 30 4,149,143$ 4,149,143$ 4,501,301$ 352,158$
138
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE
AFFORDABLE HOUSING FUND
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 -$ -$ -$ -$
Resources (Inflows):
Miscellaneous - - 1,350,000 1,350,000
Transfers in 284,100 284,100 245,356 (38,744)
Amounts Available for Appropriations 284,100 284,100 1,595,356 1,311,256
Charges to Appropriation (Outflow):
Housing and redevelopment 273,100 273,100 245,356 27,744
Capital outlay 1,000 1,000 349 651
Transfers out 10,000 10,000 - 10,000
Total Charges to Appropriations 284,100 284,100 245,705 38,395
Budgetary Fund Balance, June 30 -$ -$ 1,349,651$ 1,349,651$
139
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141
CITY OF PALM DESERT
COMBINING BALANCE SHEET
OTHER CAPITAL PROJECTS FUNDS
JUNE 30, 2022
ASSETS:
Pooled cash and investments 10,635,997$ 2,022,971$ 1,766,965$ 10,619$
Receivables:
Interest - - - 1,315,141
Allowance for interest on Successor Agency - - - (1,315,141)
Prepaid costs - - 16,621 -
Deposits - - 20,000 -
Advances to Successor Agency - - - 4,765,000
Allowance for Advances to Successor Agency - - - (4,765,000)
TOTAL ASSETS 10,635,997$ 2,022,971$ 1,803,586$ 10,619$
LIABILITIES, DEFERRED INFLOWS OF RESOURCES,
AND FUND BALANCES:
LIABILITIES:
Accounts payable 638,356$ 18,910$ 15,543$ 923$
Unearned revenues 251,273 - - -
TOTAL LIABILITIES 889,629 18,910 15,543 923
DEFERRED INFLOWS OF RESOURCES:
Unavailable revenues - - - -
TOTAL DEFERRED INFLOWS OF RESOURCES - - - -
FUND BALANCES:
Nonspendable:
Prepaid costs - - 16,621 -
Restricted for:
Capital Projects - - - -
Special programs - - - -
Assigned to:
Capital projects 9,325,981 - - -
Property acquisition 420,387 - - -
Public facilities - - 1,771,422 9,696
Special programs - - - -
Street related purposes - 2,004,061 - -
TOTAL FUND BALANCES 9,746,368 2,004,061 1,788,043 9,696
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND BALANCES 10,635,997$ 2,022,971$ 1,803,586$ 10,619$
Capital
Projects
Reserve
Drainage
Facilities
Economic
Development
Parks and
Recreational
Facilities
142
CITY OF PALM DESERT
COMBINING BALANCE SHEET
OTHER CAPITAL PROJECTS FUNDS
JUNE 30, 2022
ASSETS:
Pooled cash and investments
Receivables:
Interest
Allowance for interest on Successor Agency
Prepaid costs
Deposits
Advances to Successor Agency
Allowance for Advances to Successor Agency
TOTAL ASSETS
LIABILITIES, DEFERRED INFLOWS OF RESOURCES,
AND FUND BALANCES:
LIABILITIES:
Accounts payable
Unearned revenues
TOTAL LIABILITIES
DEFERRED INFLOWS OF RESOURCES:
Unavailable revenues
TOTAL DEFERRED INFLOWS OF RESOURCES
FUND BALANCES:
Nonspendable:
Prepaid costs
Restricted for:
Capital Projects
Special programs
Assigned to:
Capital projects
Property acquisition
Public facilities
Special programs
Street related purposes
TOTAL FUND BALANCES
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND BALANCES
(CONTINUED)
1,415,038$ 107,685$ 11,316,798$ 2,634,982$
- - - -
- - - -
127 - - -
- - - -
- - - -
- - - -
1,415,165$ 107,685$ 11,316,798$ 2,634,982$
5,434$ -$ 92,812$ 84,716$
- - - -
5,434 - 92,812 84,716
164,790 - - -
164,790 - - -
127 - - -
- - - -
1,244,814 - - -
- - - -
- - - -
- - 11,223,986 2,550,266
- - - -
- 107,685 - -
1,244,941 107,685 11,223,986 2,550,266
1,415,165$ 107,685$ 11,316,798$ 2,634,982$
Art in Public
Places Signalization Capital Golf Buildings
143
CITY OF PALM DESERT
COMBINING BALANCE SHEET
OTHER CAPITAL PROJECTS FUNDS
JUNE 30, 2022
ASSETS:
Pooled cash and investments
Receivables:
Interest
Allowance for interest on Successor Agency
Prepaid costs
Deposits
Advances to Successor Agency
Allowance for Advances to Successor Agency
TOTAL ASSETS
LIABILITIES, DEFERRED INFLOWS OF RESOURCES,
AND FUND BALANCES:
LIABILITIES:
Accounts payable
Unearned revenues
TOTAL LIABILITIES
DEFERRED INFLOWS OF RESOURCES:
Unavailable revenues
TOTAL DEFERRED INFLOWS OF RESOURCES
FUND BALANCES:
Nonspendable:
Prepaid costs
Restricted for:
Capital Projects
Special programs
Assigned to:
Capital projects
Property acquisition
Public facilities
Special programs
Street related purposes
TOTAL FUND BALANCES
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND BALANCES
664,555$ 188,794$ 618$ 21$
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
664,555$ 188,794$ 618$ 21$
-$ -$ -$ -$
- - - -
- - - -
- - - -
- - - -
- - - -
- 188,794 618 21
- - - -
- - - -
- - - -
- - - -
664,555 - - -
- - - -
664,555 188,794 618 21
664,555$ 188,794$ 618$ 21$
Library
Assessment
District No. 94-
3 Merano
Silver Spur
Ranch
Highlands
Undergrounding
144
CITY OF PALM DESERT
COMBINING BALANCE SHEET
OTHER CAPITAL PROJECTS FUNDS
JUNE 30, 2022
ASSETS:
Pooled cash and investments
Receivables:
Interest
Allowance for interest on Successor Agency
Prepaid costs
Deposits
Advances to Successor Agency
Allowance for Advances to Successor Agency
TOTAL ASSETS
LIABILITIES, DEFERRED INFLOWS OF RESOURCES,
AND FUND BALANCES:
LIABILITIES:
Accounts payable
Unearned revenues
TOTAL LIABILITIES
DEFERRED INFLOWS OF RESOURCES:
Unavailable revenues
TOTAL DEFERRED INFLOWS OF RESOURCES
FUND BALANCES:
Nonspendable:
Prepaid costs
Restricted for:
Capital Projects
Special programs
Assigned to:
Capital projects
Property acquisition
Public facilities
Special programs
Street related purposes
TOTAL FUND BALANCES
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND BALANCES
-$ 670$ -$ 30,765,713$
- - - 1,315,141
- - (1,315,141)
- - - 16,748
- - - 20,000
- - - 4,765,000
- - - (4,765,000)
-$ 670$ -$ 30,802,461$
-$ -$ -$ 856,694$
- - - 251,273
- - - 1,107,967
- - - 164,790
- - - 164,790
- - - 16,748
- 670 - 190,103
- - - 1,244,814
- - - 9,325,981
- - - 420,387
- - - 15,555,370
- - - 664,555
- - - 2,111,746
- 670 - 29,529,704
-$ 670$ -$ 30,802,461$
CFD
University
Special
Assessment
District University Park
Assessment
29
Total Other
Capital Projects
Funds
145
CITY OF PALM DESERT
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
OTHER CAPITAL PROJECTS FUNDS
YEAR ENDED JUNE 30, 2022
REVENUES:
Licenses and permits -$ -$ -$ -$
Intergovernmental revenues - - 70,952 -
Investment earnings (131,845) (28,330) (41,775) (437)
Rental income - - 67,649 -
Miscellaneous - - 9,063 -
TOTAL REVENUES (131,845) (28,330) 105,889 (437)
EXPENDITURES:
Current:
General government 400,000 - 3,047,499 -
Parks, recreation and culture 75,820 - - -
Public works - 18,910 - -
Capital outlay 1,683,407 - - 14,268
TOTAL EXPENDITURES 2,159,227 18,910 3,047,499 14,268
EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES (2,291,072) (47,240) (2,941,610) (14,705)
OTHER FINANCING SOURCES (USES)
Transfers in 1,090,000 - 830,000 -
Transfers out (100,000) - - -
Capital leases - - 2,468,060 -
TOTAL OTHER FINANCING
SOURCES (USES) 990,000 - 3,298,060 -
NET CHANGE IN FUND BALANCES (1,301,072) (47,240) 356,450 (14,705)
FUND BALANCES - BEGINNING OF YEAR 11,047,440 2,051,301 1,431,593 24,401
FUND BALANCES - END OF YEAR 9,746,368$ 2,004,061$ 1,788,043$ 9,696$
Economic
Development
Parks and
Recreational
Facilities
Capital
Projects
Reserve
Drainage
Facilities
146
CITY OF PALM DESERT
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
OTHER CAPITAL PROJECTS FUNDS
YEAR ENDED JUNE 30, 2022
REVENUES:
Licenses and permits
Intergovernmental revenues
Investment earnings
Rental income
Miscellaneous
TOTAL REVENUES
EXPENDITURES:
Current:
General government
Parks, recreation and culture
Public works
Capital outlay
TOTAL EXPENDITURES
EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Capital leases
TOTAL OTHER FINANCING
SOURCES (USES)
NET CHANGE IN FUND BALANCES
FUND BALANCES - BEGINNING OF YEAR
FUND BALANCES - END OF YEAR
(CONTINUED)
346,669$ -$ -$ -$
- - - -
(20,926) (1,508) (104,523) (37,085)
- - - -
80,000 - 2,488,331 -
405,743 (1,508) 2,383,808 (37,085)
- - - -
94,439 - 464,565 -
- - - -
105,780 - - 345,989
200,219 - 464,565 345,989
205,524 (1,508) 1,919,243 (383,074)
- - - 100,000
(101,067) - - -
- - - -
(101,067) - - 100,000
104,457 (1,508) 1,919,243 (283,074)
1,140,484 109,193 9,304,743 2,833,340
1,244,941$ 107,685$ 11,223,986$ 2,550,266$
Art in Public
Places Signalization Capital Golf Buildings
147
CITY OF PALM DESERT
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
OTHER CAPITAL PROJECTS FUNDS
YEAR ENDED JUNE 30, 2022
REVENUES:
Licenses and permits
Intergovernmental revenues
Investment earnings
Rental income
Miscellaneous
TOTAL REVENUES
EXPENDITURES:
Current:
General government
Parks, recreation and culture
Public works
Capital outlay
TOTAL EXPENDITURES
EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Capital leases
TOTAL OTHER FINANCING
SOURCES (USES)
NET CHANGE IN FUND BALANCES
FUND BALANCES - BEGINNING OF YEAR
FUND BALANCES - END OF YEAR
-$ -$ -$ -$
- - - -
(9,306) - - -
- - - -
- - - -
(9,306) - - -
- - - -
- - - -
- - - -
- - - -
- - - -
(9,306) - - -
- - - -
- - - -
- - - -
- - - -
(9,306) - - -
673,861 188,794 618 21
664,555$ 188,794$ 618$ 21$
Library
Assessment
District No. 94-
3 Merano
Silver Spur
Ranch
Highlands
Undergrounding
148
CITY OF PALM DESERT
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
OTHER CAPITAL PROJECTS FUNDS
YEAR ENDED JUNE 30, 2022
REVENUES:
Licenses and permits
Intergovernmental revenues
Investment earnings
Rental income
Miscellaneous
TOTAL REVENUES
EXPENDITURES:
Current:
General government
Parks, recreation and culture
Public works
Capital outlay
TOTAL EXPENDITURES
EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Capital leases
TOTAL OTHER FINANCING
SOURCES (USES)
NET CHANGE IN FUND BALANCES
FUND BALANCES - BEGINNING OF YEAR
FUND BALANCES - END OF YEAR
-$ -$ -$ 346,669$
- - - 70,952
(7,572) - 73 (383,234)
- - 67,649
- - - 2,577,394
(7,572) - 1,974,726 4,654,083
1,916,052 - - 5,363,551
- - - 634,824
2,692 - - 21,602
- - 1,974,726 4,124,170
1,918,744 - 1,974,726 10,144,147
(1,926,316) - - (5,490,064)
- - - 2,020,000
- - - (201,067)
- - - 2,468,060
- - - 4,286,993
(1,926,316) - - (1,203,071)
1,926,316 670 - 30,732,775
-$ 670$ -$ 29,529,704$
Total Other
Capital Projects
Fund
University
Park
CFD
University
Special
Assessment
District
Assessment
29
149
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE
CAPITAL PROPERTIES
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 55,049,189$ 55,049,189$ 55,049,189$ -$
Resources (Inflows):
Investment earnings 20,000 20,000 64,555 44,555
Miscellaneous - - 2,698,181 2,698,181
Amounts Available for Appropriations 55,069,189 55,069,189 57,811,925 2,742,736
Charges to Appropriation (Outflow):
General government 20,000,000 20,000,000 2,855 19,997,145
Parks and recreation 550,000 550,000 - 550,000
Public works 250,000 9,485,539 8,370,585 1,114,954
Capital outlay 1,400,000 2,541,403 1,246,096 1,295,307
Total Charges to Appropriations 22,200,000 32,576,942 9,619,536 22,957,406
Budgetary Fund Balance, June 30 32,869,189$ 22,492,247$ 48,192,389$ 25,700,142$
150
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE
CAPITAL PROJECTS RESERVE
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 11,047,440$ 11,047,440$ 11,047,440$ -$
Resources (Inflows):
Investment earnings 10,000 10,000 (131,845) (141,845)
Transfers in - 640,000 1,090,000 450,000
Amounts Available for Appropriations 11,057,440 11,697,440 12,005,595 308,155
Charges to Appropriation (Outflow):
General government 400,000 400,000 400,000 -
Public safety - 68,152 - 68,152
Parks, recreation and culture 129,000 134,035 75,820 58,215
Public works 100,000 100,000 - 100,000
Capital outlay 1,600,000 2,635,000 1,683,407 951,593
Transfers out - - 100,000 (100,000)
Total Charges to Appropriations 2,229,000 3,337,187 2,259,227 1,077,960
Budgetary Fund Balance, June 30 8,828,440$ 8,360,253$ 9,746,368$ 1,386,115$
151
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE
DRAINAGE FACILITIES
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 2,051,301$ 2,051,301$ 2,051,301$ -$
Resources (Inflows):
Investment earnings 5,000 5,000 (28,330) (33,330)
Amounts Available for Appropriations 2,056,301 2,056,301 2,022,971 (33,330)
Charges to Appropriation (Outflow):
Public works 105,000 1,012,926 18,910 994,016
Total Charges to Appropriations 105,000 1,012,926 18,910 994,016
Budgetary Fund Balance, June 30 1,951,301$ 1,043,375$ 2,004,061$ 960,686$
152
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE
ECONOMIC DEVELOPMENT
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 1,431,593$ 1,431,593$ 1,431,593$ -$
Resources (Inflows):
Rental income 62,968 62,968 67,649 4,681
Intergovernmental 35,000 35,000 70,952 35,952
Investment earnings 1,000 1,000 (41,775) (42,775)
Miscellaneous - - 9,063 9,063
Transfers in 830,000 830,000 830,000 -
Capital leases - - 2,468,060 2,468,060
Amounts Available for Appropriations 2,360,561 2,360,561 4,835,542 2,474,981
Charges to Appropriation (Outflow):
General government 1,265,575 1,340,575 3,047,499 (1,706,924)
Total Charges to Appropriations 1,265,575 1,340,575 3,047,499 (1,706,924)
Budgetary Fund Balance, June 30 1,094,986$ 1,019,986$ 1,788,043$ 768,057$
153
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE
PARKS AND RECREATIONAL FACILITIES
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 24,401$ 24,401$ 24,401$ -$
Resources (Inflows):
Investment earnings 100 100 (437) (537)
Amounts Available for Appropriations 24,501 24,501 23,964 (537)
Charges to Appropriation (Outflow):
Capital outlay 20,000 21,378 14,268 7,110
Total Charges to Appropriations 20,000 21,378 14,268 7,110
Budgetary Fund Balance, June 30 4,501$ 3,123$ 9,696$ 6,573$
154
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE
ART IN PUBLIC PLACES
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 1,140,484$ 1,140,484$ 1,140,484$ -$
Resources (Inflows):
Licenses and permits 103,700 103,700 346,669 242,969
Investment earnings 5,000 5,000 (20,926) (25,926)
Miscellaneous - - 80,000 80,000
Amounts Available for Appropriations 1,249,184 1,249,184 1,546,227 297,043
Charges to Appropriation (Outflow):
Parks, recreation and culture 123,270 123,270 94,439 28,831
Capital outlay 290,000 489,235 105,780 383,455
Transfers out 120,000 120,000 101,067 18,933
Total Charges to Appropriations 533,270 732,505 301,286 431,219
Budgetary Fund Balance, June 30 715,914$ 516,679$ 1,244,941$ 728,262$
155
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE
SIGNALIZATION
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 109,193$ 109,193$ 109,193$ -$
Resources (Inflows):
Investment earnings 100 100 (1,508) (1,608)
Amounts Available for Appropriations 109,293 109,293 107,685 (1,608)
Budgetary Fund Balance, June 30 109,293$ 109,293$ 107,685$ (1,608)$
156
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE
CAPITAL GOLF
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 9,304,743$ 9,304,743$ 9,304,743$ -$
Resources (Inflows):
Investment earnings 30,000 30,000 (104,523) (134,523)
Miscellaneous 2,472,369 2,472,369 2,488,331 15,962
Amounts Available for Appropriations 11,807,112 11,807,112 11,688,551 (118,561)
Charges to Appropriation (Outflow):
Parks, recreation and culture 1,259,000 1,259,000 464,565 794,435
Total Charges to Appropriations 1,259,000 1,259,000 464,565 794,435
Budgetary Fund Balance, June 30 10,548,112$ 10,548,112$ 11,223,986$ 675,874$
157
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE
BUILDINGS
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 2,833,340$ 2,833,340$ 2,833,340$ -$
Resources (Inflows):
Investment earnings 20,000 20,000 (37,085) (57,085)
Transfers in - - 100,000 100,000
Amounts Available for Appropriations 2,853,340 2,853,340 2,896,255 42,915
Charges to Appropriation (Outflow):
Parks, recreation and culture 700,000 700,000 - 700,000
Capital outlay 1,623,820 1,931,685 345,989 1,585,696
Total Charges to Appropriations 2,323,820 2,631,685 345,989 2,285,696
Budgetary Fund Balance, June 30 529,520$ 221,655$ 2,550,266$ 2,328,611$
158
27+(5*29(510(17$/)81'6±'(%76(59,&()81'
&LW\+LJKODQGV8QGHUJURXQGLQJ)XQG±7KLVIXQGLVXVHGWRDFFRXQWIRUWKHUHVRXUFHVDQGSD\PHQWIRUGHEW
UHODWHGWR+LJKODQGV8QGHUJURXQGLQJ
159
CITY OF PALM DESERT
BALANCE SHEET
OTHER DEBT SERVICE FUND
JUNE 30, 2022
ASSETS:
Pooled cash and investments 95,493$ 95,493$
Receivables:
Assessments 1,133,708 1,133,708
Due from other governments 4,213 4,213
TOTAL ASSETS 1,233,414$ 1,233,414$
DEFERRED INFLOWS OF RESOURCES:
Unavailable revenues 1,133,708$ 1,133,708$
TOTAL DEFERRED INFLOWS OF RESOURCES 1,133,708 1,133,708
FUND BALANCES:
Restricted for:
Debt service 99,706 99,706
TOTAL FUND BALANCES 99,706 99,706
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND BALANCES 1,233,414$ 1,233,414$
City Highland
Undergrounding
Total Other Debt
Service Fund
160
CITY OF PALM DESERT
STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
OTHER DEBT SERVICE FUND
YEAR ENDED JUNE 30, 2022
Total Other
Debt Service
Fund
REVENUES:
Special assessments collected 142,682$ 142,682$
Investment earnings (1,961) (1,961)
TOTAL REVENUES 140,721 140,721
EXPENDITURES:
Current:
General government 15,479 15,479
Debt service:
Principal retirement 48,000 48,000
Interest and fiscal charges 56,797 56,797
TOTAL EXPENDITURES 120,276 120,276
EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 20,445 20,445
NET CHANGE IN FUND BALANCES 20,445 20,445
FUND BALANCES - BEGINNING OF YEAR 79,261 79,261
FUND BALANCES - END OF YEAR 99,706$ 99,706$
City
Highlands
Undergrounding
161
CITY OF PALM DESERT
BUDGETARY COMPARISON SCHEDULE
CITY HIGHLAND UNDERGROUNDING
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 79,261$ 79,261$ 79,261$ -$
Resources (Inflows):
Assessments 118,311 118,311 142,682 24,371
Investment earnings 2,000 2,000 (1,961) (3,961)
Amounts Available for Appropriations 199,572 199,572 219,982 20,410
Charges to Appropriation (Outflow):
General government 14,000 14,000 15,479 (1,479)
Debt service:
Principal retirement 48,000 48,000 48,000 -
Interest and fiscal charges 56,798 56,798 56,797 1
Total Charges to Appropriations 118,798 118,798 120,276 (1,478)
Budgetary Fund Balance, June 30 80,774$ 80,774$ 99,706$ 18,932$
162
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CITY OF PALM DESERT
ALL CUSTODIAL FUNDS
JUNE 30, 2022
Totals
Assets:
Pooled cash and investments 2,883,350$ 4,767,987$ 7,651,337$
Receivables:
Assessments - 36,878,571 36,878,571
Accrued interest - 163 163
Due from other governments - 19,214 19,214
Restricted assets:
Cash and investments with fiscal agents - 3,004,892 3,004,892
Total Assets 2,883,350 44,670,827 47,554,177
Liabilities:
Accounts payable - 1,500 1,500
Deposits payable - 36,878,571 36,878,571
Total Liabilities - 36,880,071 36,880,071
Net Position:
Restricted for other purposes 2,883,350 7,790,756 10,674,106
Total Net Position 2,883,350$ 7,790,756$ 10,674,106$
COMBINING STATEMENT OF NET POSITION
Retiree Service
Stipend Fund
Special
Assessment
Funds
168
CITY OF PALM DESERT
COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET POSITION
ALL CUSTODIAL FUNDS
YEAR ENDED JUNE 30, 2022
ADDITIONS:
Intergovernmental -$ 41,231,444$ 41,231,444$
Investment income (26,555) (136,355) (162,910)
Contributions from City 1,001,688 2,692 1,004,380
TOTAL ADDITIONS 975,133 41,097,781 42,072,914
DEDUCTIONS
Administrative expenses 7,600 1,389,434 1,397,034
Contractual services 994,088 43,766,194 44,760,282
Interest - 914,927 914,927
Debt service expense - 110,000 110,000
TOTAL DEDUCTIONS 1,001,688 46,180,555 47,182,243
CHANGES IN NET POSITION (26,555) (5,082,774) (5,109,329)
NET POSITION - BEGINNING OF YEAR 2,909,905 (34,206,470) (31,296,565)
Restatement (Note: 21)- 47,080,000 47,080,000
NET POSITION - BEGINNING OF YEAR RESTATED 2,909,905 12,873,530 15,783,435
NET POSITION - END OF YEAR 2,883,350$ 7,790,756$ 10,674,106$
Retiree Service
Stipend Fund
Special
Assessment
Funds
Total Custodial
Funds
169
7KLVSDJHLQWHQWLRQDOO\OHIWEODQN
170
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172
City of Palm Desert
Net Position by Component
Last Ten Fiscal Years
(Accrual Basis of Accounting)
Governmental Activities 2022 2021 2020 2019 2018
Net Investment in capital assets 422,400,639$ 421,568,819$ 424,163,964$ 429,729,549$ 438,184,070$
Restricted 164,636,470 197,082,889 196,858,726 200,536,233 197,349,364
Unrestricted 146,766,766 92,557,050 86,017,220 90,057,306 83,054,707
Total Governmental Activities Net Position 733,803,875 711,208,758 707,039,910 720,323,088 718,588,141
Net Investment in capital assets 67,327,809 67,981,326 68,394,059 69,070,734 69,111,797
Unrestricted 10,495,570 8,069,182 6,672,261 6,590,251 5,609,843
Total Business-type Activities Net Position 77,823,379 76,050,508 75,066,320 75,660,985 74,721,640
Primary Government
Net Investment in capital assets 489,728,448 489,550,145 492,558,023 498,800,283 507,295,867
Restricted 164,636,470 197,082,889 196,858,726 200,536,233 197,349,364
Unrestricted 157,262,336 100,626,232 92,689,481 96,647,557 88,664,550
Total Primary Government Net Position 811,627,254$ 787,259,266$ 782,106,230$ 795,984,073$ 793,309,781$
Governmental Activities 2017 2016 2015 2014 2013
Net Investment in capital assets 449,037,170$ 459,644,720$ 473,722,694$ 466,246,732$ 465,756,172$
Restricted 197,824,604 193,298,431 135,900,520 140,460,575 132,741,798
Unrestricted 87,091,894 78,812,066 71,530,456 105,537,785 103,603,715
Total Governmental Activities Net Position 733,953,668 731,755,217 (3) 681,153,670 (2) 712,245,092 702,101,685
Business-Type Activities
Net Investment in capital assets 69,829,772 70,202,487 71,129,743 72,009,184 72,892,200
Unrestricted 4,829,456 4,479,575 4,302,958 3,920,382 3,682,061
Total Business-type Activities Net Position 74,659,228 74,682,062 75,432,701 75,929,566 76,574,261
Primary Government
Net Investment in capital assets 518,866,942 529,847,207 544,852,437 538,255,916 538,648,372
Restricted 197,824,604 193,298,431 135,900,520 140,460,575 132,741,798
Unrestricted 91,921,350 83,291,641 75,833,414 109,458,167 107,285,776
Total Primary Government Net Position 808,612,896$ 806,437,279$ 756,586,371$ 788,174,658$ 778,675,946$
(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
$72,138,669 of capital bond proceeds transferred from the Successor Agency.
173
City of Palm Desert
Changes in Net Position
Last Ten Fiscal Years
(Accrual Basis of Accounting)
Governmental Activities:
General government 24,738,040$ 25,610,212$ 24,297,715$ 23,252,576$ 18,467,097$
Public safety 37,396,780 34,280,941 37,286,860 37,195,732 36,543,050
Housing & Redevelopment 9,626,399 10,496,579 8,802,290 9,067,858 9,605,756
Parks, recreation and culture 8,880,984 7,969,386 7,651,094 8,284,914 8,240,115
Public works 22,071,598 24,979,279 28,270,798 14,836,332 18,358,907
Contributions to property owners 2,692 - - - -
Interest on long term debt 148,079 176,259 203,183 231,228 259,250
Total Governmental activities Expenses 102,864,572 103,512,656 106,511,940 92,868,640 91,474,175
Business-Type Activities:
Desert Willow Golf Course 9,910,813 8,960,991 8,603,243 8,700,514 8,763,220
Office Complex - Parkview 951,353 872,212 856,196 874,753 930,815
Total Business-Type Activities 10,862,166 9,833,203 9,459,439 9,575,267 9,694,035
Total primary government expenses 113,726,738$ 113,345,859$ 115,971,379$ 102,443,907$ 101,168,210$
Program Revenues
Governmental Activities
Charges for services
General government 2,901,226$ 2,437,840$ 2,343,116$ 2,645,724$ 2,388,260$
Housing & Redevelopment 8,060,726 7,455,959 8,446,585 8,180,354 7,551,760
Public safety 17,506,658 18,828,021 16,429,810 14,503,741 10,801,436
Parks, recreation and culture 675,307 325,485 532,543 829,557 821,824
Public works 3,075,351 2,443,299 2,386,635 2,762,045 2,685,831
Operating grants & contributions 20,328,308 10,617,579 10,416,281 10,426,397 8,555,881
Capital grants & contributions 4,828,197 16,836,560 3,661,487 4,016,193 2,442,621
Total Governmental Activities Program Revenues 57,375,773 58,944,743 44,216,457 43,364,011 35,247,613
Business-Type Activities
Charges for Service:
Desert Willow Golf Course 11,068,847 9,171,607 7,099,985 8,743,654 8,432,273
Office Complex - Parkview 1,340,680 1,291,020 1,311,140 1,298,066 1,250,456
Capital grants & contributions 187,083 220,198 183,556 504,217 167,670
Total Business-type activities program revenue 12,596,610 10,682,825 8,594,681 10,545,937 9,850,399
Total Primary Government program revenue 69,972,383$ 69,627,568$ 52,811,138$ 53,909,948$ 45,098,012$
Net (Expense) / Revenue
Governmental activities (45,488,799)$ (44,567,913)$ (62,295,483)$ (49,504,629)$ (56,226,562)$
Business-type activities 1,734,444 849,622 (864,758) 970,670 156,364
Total Primary Government Net Expense (43,754,355)$ (43,718,291)$ (63,160,241)$ (48,533,959)$ (56,070,198)$
General Revenues & Other Changes in Net Position
Governmental Activities:
Taxes: (Combined/Net Pass-through)66,204,764$ 47,221,069$ 45,210,477$ 53,894,917$ 50,150,650$
Investment Earnings (1,971,646) 301,330 2,366,204 3,170,693 1,901,536
Gain(loss) on sales of capital assets - - 80,490 7,452 17,274
Miscellaneous 3,850,798 1,214,362 1,355,134 1,396,514 1,573,106
Special Item (3)- - - (7,530,000) -
Transfers In / (Out) - - - 300,000 300,000
Gain on Transfer to Successor Agency/ Extraordinary Gain (2)- - - - -
Total Governmental activities Net Revenues 68,083,916 48,736,761 49,012,305 51,239,576 53,942,566
Business-Type Activities:
Investment Earnings (99,994) 20,283 159,115 181,310 74,873
Gain(loss) on sales of capital assets - - - 87,365 131,175
Miscellaneous 138,421 114,283 110,978 - -
Transfers Out - - - (300,000) (300,000)
Total Business-type activities 38,427 134,566 270,093 (31,325) (93,952)
Total primary government 68,122,343$ 48,871,327$ 49,282,398$ 51,208,251$ 53,848,614$
Change in Net Position
Governmental Activities: 22,595,117$ 4,168,848$ (13,283,178)$ 1,734,947$ (2,283,996)$
Business-Type Activities:1,772,871 984,188 (594,665) 939,345 62,412
Total primary government 24,367,988$ 5,153,036$ (13,877,843)$ 2,674,292$ (2,221,584)$
(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 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
$72,138,669 of capital bond proceeds transferred from the Successor Agency.
(3) City established an allowance for advances owed by the Successor Agency.
Expenses 20182019202020212022
174
City of Palm Desert
Changes in Net Position
Continued
Last Ten Fiscal Years
(Accrual Basis of Accounting)
Governmental Activities:
General government 15,708,054$ 14,836,881$ 16,337,393$ 19,194,343$ 16,375,295$
Public safety 34,943,220 34,009,984 32,077,635 29,339,106 28,614,153
Housing & Redevelopment 10,954,630 8,162,859 11,666,724 7,852,611 6,944,033
Parks, recreation and culture 9,850,200 9,223,126 8,598,242 8,327,402 8,752,623
Public works 14,892,145 47,044,197 19,144,213 21,123,197 16,316,237
Interest on long term debt 271,603 289,000 294,258 237,053 253,381
Total Governmental Activities Expenses 86,619,852 113,566,047 88,118,465 86,073,712 77,255,722
Business-Type Activities:
Desert Willow Golf Course 8,243,515 8,165,183 8,433,267 8,452,001 8,655,754
Office Complex - Parkview 893,125 1,005,918 934,296 922,341 984,811
Total Business-Type Activities 9,136,640 9,171,101 9,367,563 9,374,342 9,640,565
Total primary government expenses 95,756,492$ 122,737,148$ 97,486,028$ 95,448,054$ 86,896,287$
Program Revenues
Governmental Activities
Charges for services
General government 2,095,648$ 2,185,123$ 2,088,393$ 2,152,280$ 1,833,823$
Housing & Redevelopment 6,861,450 7,029,595 7,971,265 6,851,603 5,308,858
Public safety 10,603,708 10,606,464 9,987,891 10,239,886 11,147,297
Parks, recreation and culture 793,527 772,801 772,728 729,076 898,222
Public works 2,327,521 2,186,153 1,832,241 2,180,877 768,775
Operating grants & contributions 7,931,900 9,496,520 7,512,894 9,745,609 5,876,028
Capital grants & contributions 7,710,355 10,839,715 19,297,015 21,086,051 7,733,439
Total Governmental Activities Program Revenues 38,324,109 43,116,371 49,462,427 52,985,382 33,566,442
Business-Type Activities
Charges for Service:
Desert Willow Golf Course 7,497,664 7,240,866 7,894,676 7,804,904 7,494,819
Office Complex - Parkview 1,284,462 1,280,230 1,306,042 1,254,521 1,215,860
Capital grants & contributions 605,186 111,942 47,768 94,076 660,685
Total Business-type activities program revenue 9,387,312 8,633,038 9,248,486 9,153,501 9,371,364
Total Primary Government program revenue 47,711,421$ 51,749,409$ 58,710,913$ 62,138,883$ 42,937,806$
Net (Expense) / Revenue
Governmental Activities (48,295,743)$ (70,449,676)$ (38,656,038)$ (33,088,330)$ (43,689,280)$
Business-type activities 250,672 (538,063) (119,077) (220,841) (269,201)
Total Primary Government Net Expense (48,045,071)$ (70,987,739)$ (38,775,115)$ (33,309,171)$ (43,958,481)$
General Revenues & Other Changes in Net Position
Governmental Activities:
Taxes: (Combined/Net Pass-through)47,628,454$ 44,747,151$ 41,931,997$ 39,952,738$ 38,742,060$
Investment Earnings 1,041,232 2,074,934 494,452 358,674 318,996
Gain(loss) on sales of assets 2,145 24,292 11,720 488,319 -
Miscellaneous 1,522,363 1,828,677 1,726,007 1,994,506 3,894,203
Special Item (3)- - - - -
Transfers In / (Out) 300,000 237,500 437,500 437,500 437,500
Gain on Transfer to Successor Agency/Extraordinary Gain (2) - 72,138,669 - - -
Total Governmental Activities Net Revenues 50,494,194 121,051,223 44,601,676 43,231,737 43,392,759
Business-Type Activities:
Investment Earnings 26,494 24,924 11,774 13,646 3,512
Transfers Out (300,000) (237,500) (437,500) (437,500) (437,500)
Total Business-type activities (273,506) (212,576) (377,788) (423,854) (433,988)
Total primary government 50,220,688$ 120,838,647$ 44,223,888$ 42,807,883$ 42,958,771$
Change in Net Position
Governmental Activities: 2,198,451$ 50,601,547$ 5,945,638$ 10,143,407$ (296,521)$
Business-Type Activities:(22,834) (750,639) (496,865) (644,695) (703,189)
Total primary government 2,175,617$ 49,850,908$ 5,448,773$ 9,498,712$ (999,710)$
(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 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
$72,138,669 of capital bond proceeds transferred from the Successor Agency.
(3) City established an allowance for advances owed by the Successor Agency.
Expenses 20132014201520162017
175
7KLVSDJHLQWHQWLRQDOO\OHIWEODQN
176
City of Palm Desert
Fund Balances of Governmental Funds
Last Ten Fiscal Years
(Modified Accrual Basis of Accounting)
General Fund:2022 2021 2020 2019 2018
Nonspendable 4,050,414$ 4,178,180$ 7,196,092$ 10,559,396$ 10,509,094$
Committed 82,741,109 73,856,851 66,012,415 63,197,223 59,666,638
Assigned 18,238,107 16,696,825 16,196,564 15,964,130 15,492,508
Unassigned 32,645,330 5,681,608 3,473,480 3,322,321 4,702,308
Total General Fund 137,674,960 100,413,464 92,878,551 93,043,070 90,370,548
All other Governmental Funds:
Nonspendable 19,591 18,427 15,705 193,189 1,726
Restricted 164,636,470 168,368,520 168,806,454 175,780,733 169,549,126
Committed 15,761,482 16,312,379 16,275,373 16,247,652 16,751,821
Assigned 28,078,039 27,459,735 27,133,815 21,238,271 23,258,063
Unassigned (126,614) - - - -
Total all other Governmental Funds 208,368,968$ 212,159,061$ 212,231,347$ 213,459,845$ 209,560,736$
General Fund:2017 2016 2015 2014 2013
Nonspendable 9,067,979$ 9,528,630$ 10,312,261$ 7,745,320$ 7,678,250$
Assigned 658,817 991,853 1,771,278 4,425,423 3,224,761
Unassigned 74,259,748 71,842,172 67,727,130 66,203,203 65,311,919
Total General Fund 83,986,544 82,362,655 79,810,669 78,373,946 76,214,930
All other Governmental Funds:
Nonspendable 1,276 3,052 348 6,713 (2) 49,319,200
Restricted 171,044,474 165,411,544 (3) 106,261,212 114,194,435 (2) 76,725,388
Committed 16,771,055 16,873,834 16,952,887 21,644,068 15,649,703
Assigned 23,250,337 24,172,531 24,429,824 14,144,969
Total all other Governmental Funds 211,067,142$ 182,288,430$ 147,386,978$ 160,275,040$ 155,839,260$
(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) Advances to the Successor Agency reclassified from Nonspendable to Restricted for Special Revenue Funds.
(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 $72,138,669 of capital bond proceeds transferred from the Successor Agency.
177
City of Palm Desert
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years
(Modified Accrual Basis of Accounting)
Revenues:2022 2021 2020 2019 2018
Taxes 84,037,191$ 65,209,322$ 59,635,918$ 67,102,185$ 61,906,859$
Special assessments collected 3,407,107 3,381,657 3,481,924 3,948,157 3,445,246
Licenses & permits 2,622,695 1,504,694 1,268,965 1,416,829 1,326,049
Intergovernmental revenues 12,300,071 20,136,679 6,401,926 6,194,152 5,682,704
Rental income 8,129,025 7,320,419 7,071,648 6,899,916 6,675,632
Charges for services 6,175,500 4,889,634 5,272,577 5,223,285 2,894,821
Investment Earnings (2,402,801) 1,298,728 10,311,159 7,166,097 3,626,892
Fines & forfeitures 105,198 147,671 127,801 273,434 162,370
Miscellaneous 7,340,808 3,776,838 4,741,905 2,892,940 2,886,542
Contributions from other government 1,974,653 - - - -
Total Revenues 123,689,447 107,665,642 98,313,823 101,116,995 88,607,115
Expenditures:
General government 24,079,563 23,478,543 21,468,512 24,269,546 19,281,102
Housing & redevelopment 8,232,440 8,839,559 7,090,941 7,504,119 8,522,801
Public safety 37,322,951 34,035,102 37,021,952 36,901,283 36,247,656
Parks, recreation & culture 7,439,687 6,073,015 5,902,166 6,497,391 6,467,713
Public works 17,667,805 18,533,419 21,994,806 8,728,354 12,183,852
Capital outlay 12,110,677 7,840,438 5,117,968 3,396,511 915,422
Debt service:
Principal retirement 2,294,052 174,000 225,000 587,000 150,000
Interest and fiscal charges 157,462 184,529 210,292 244,050 260,971
Total Expenditures 109,304,637 99,158,605 99,031,637 88,128,254 84,029,517
Excess(deficiency of Revenues
over(under) expenditures 14,384,810 8,507,037 (717,814) 12,988,741 4,577,598
Other financing sources (uses)
Transfers in 11,555,402 10,186,341 10,702,762 5,319,448 6,613,352
Transfers out (11,864,512) (11,230,751) (11,377,965) (5,736,558) (6,313,352)
Special Item (3)- - - (6,000,000) -
Extraordinary Gain / (Loss) (2)- - - - -
Leases 2,603,284 - - - -
Contribution to other government (1,001,688) - - - -
Total Other financing sources (uses)1,292,486 (1,044,410) (675,203) (6,417,110) 300,000
Net Change In Fund Balance 15,677,296$ 7,462,627$ (1,393,017)$ 6,571,631$ 4,877,598$
Revenues:2017 2016 2015 2014 2013
Taxes 59,466,545$ 56,735,503$ 52,571,369$ 50,464,511$ 50,768,200$
Special assessments collected 3,318,114 3,296,705 3,058,766 3,486,220 3,654,337
Licenses & permits 1,678,709 2,057,843 1,757,250 2,262,907 1,586,796
Intergovernmental revenues 7,249,515 15,429,238 18,981,304 7,380,744 5,097,892
Rental income 6,439,458 5,896,480 5,660,762 5,626,850 5,367,630
Charges for services 2,356,363 2,082,843 1,819,464 2,165,020 898,222
Investment Earnings 2,086,224 1,837,319 1,242,662 864,853 373,012
Fines & forfeitures 135,276 295,269 224,612 231,768 242,568
Miscellaneous 2,594,433 2,317,499 2,377,923 3,539,552 9,028,698
Contributions from other government 3,550,991 - 9,168 10,749,218 -
Contributions from property owners - 7,868 - 420,590 -
Total Revenues 88,875,628 89,956,567 87,703,280 87,192,233 77,017,355
Expenditures:
General government 16,887,293 15,783,955 15,467,746 17,070,816 14,028,252
Housing & redevelopment 9,239,680 6,438,849 9,349,021 6,650,178 5,650,666
Public safety 34,674,418 33,750,347 31,819,214 29,139,735 28,299,876
Parks, recreation & culture 7,157,821 6,831,534 6,236,717 5,802,941 6,162,449
Public works 8,794,894 11,031,584 13,082,388 12,741,764 9,819,591
Contributions to property owners - 19,584,487 49 2,350,187 -
Capital outlay 2,169,035 7,071,738 19,339,987 6,273,822 2,788,676
Debt service:
Principal retirement 237,000 257,000 4,944,000 674,000 318,000
Interest and fiscal charges 277,814 296,336 240,219 242,495 255,239
Total Expenditures 79,437,955 101,045,830 100,479,341 80,945,938 67,322,749
Excess(deficiency of Revenues
over(under) expenditures 9,437,673 (11,089,263) (12,776,061) 6,246,295 9,694,606
Other financing sources (uses)
Transfers in 9,406,888 6,030,706 6,132,859 4,861,551 11,274,539
Transfers out (12,218,428) (6,075,206) (6,971,359) (5,424,051) (11,010,550)
Special Item (3)- - - - -
Extraordinary Gain / (Loss) (2)- 72,138,669 - - -
Sale of property - 225,000 2,163,222 911,001 -
Total Other financing sources (uses)(2,811,540) 72,319,169 1,324,722 348,501 263,989
Net Change In Fund Balance 6,626,133$ 61,229,906$ (11,451,339)$ 6,594,796$ 9,958,595$
0.7% 0.6%1.2%0.9%
(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.
(3) City established an allowance for advances owed by the Successor Agency.
Debt service as a percentage of noncapital expenditures
Debt service as a percentage of noncapital expenditures
6.4%
0.5%1.0%0.5%0.4%2.5%
178
City of Palm Desert
Graphs - Changes in Fund Balances of Governmental 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 forfeitures, 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
2
2
FY
2
0
2
1
FY
2
0
2
0
FY
2
0
1
9
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
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
$300,000,000
FY
2
0
2
2
FY
2
0
2
1
FY
2
0
2
0
FY
2
0
1
9
FY
2
0
1
8
FY
2
0
1
7
FY
2
0
1
6
FY
2
0
1
5
FY
2
0
1
4
FY
2
0
1
3
Total Expenditures
Parks, recreation & culture
Debt Expenditures (3)
Capital outlay
Public works (4)
Public safety
Housing & Redevelopment
General Government
179
City of Palm Desert
Supplemental - Historical General Fund Revenues
(including Transfers In)
Last Ten Fiscal Years
FY 2022 2021 2020 2019 2018
Revenue Type:
Sales Tax 26,193,390$ 21,156,220$ 18,445,806$ 21,434,387$ 18,627,704$
Transient Occupancy Tax 22,098,939 10,760,455 11,681,583 17,250,843 17,019,034
Property Tax (3)11,703,419 11,193,276 11,101,584 11,074,207 10,777,998
Investment Earnings (1,867,595) 284,744 4,181,814 2,672,643 1,237,562
Transfer In 3,774,873 3,515,966 2,472,976 937,202 1,610,830
Franchises 3,334,555 3,066,989 3,025,984 3,078,855 3,097,521
State Subventions (1) (3)127,546 38,945 60,593 82,722 38,876
Building & Grading Permits 2,079,314 1,195,893 953,176 1,064,071 1,048,973
Reimbursements (4)530,474 1,229,484 1,375,770 1,468,351 1,388,654
Business License Tax 1,326,920 962,940 1,038,137 1,216,712 1,154,275
Timeshare Mitigation Fee 1,555,137 1,501,625 1,467,905 1,678,375 1,543,762
Plan Check Fees 616,576 480,881 468,180 619,763 691,096
Property Transfer Tax 1,197,951 1,027,833 566,468 727,978 664,822
Other Revenues (2)8,337,209 8,072,509 3,130,862 2,352,803 1,951,122
Total General Revenue 81,008,709$ 64,487,760$ 59,970,838$ 65,658,912$ 60,852,229$
FY 2017 2016 2015 2014 2013
Revenue Type:
Sales Tax 18,505,449$ 18,994,779$ 17,565,134$ 17,258,958$ 16,764,808$
Transient Occupancy Tax 15,054,259 11,252,997 10,799,680 9,855,509 9,188,981
Property Tax (3)10,157,813 10,461,595 9,710,990 9,041,428 9,529,018
Investment Earnings 644,341 725,015 416,656 405,456 126,206
Transfer In 1,472,852 1,390,258 2,179,472 1,373,786 2,127,655
Franchises 3,146,702 3,095,873 3,102,431 3,007,215 2,892,805
State Subventions (1) (3)23,101 59,317 155,049 22,089 26,691
Building & Grading Permits 1,247,390 1,216,115 1,279,706 1,695,303 1,206,935
Reimbursements (4)1,407,811 1,589,511 1,604,707 1,809,323 1,868,804
Business License Tax 1,118,183 1,269,082 1,160,207 1,169,316 1,149,551
Timeshare Mitigation Fee 1,467,028 1,500,683 1,483,158 1,333,586 1,292,859
Plan Check Fees 431,115 592,818 505,370 662,893 500,698
Property Transfer Tax 690,975 491,060 558,965 530,556 520,393
Other Revenues (2)2,185,703 2,189,063 1,713,758 1,932,009 1,961,314
Total General Revenue 57,552,722$ 54,828,166$ 52,235,283$ 50,097,427$ 49,156,718$
(1) State Subventions is any combination of motor vehicle, off-highway in-lieu, 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, other revenues and Federal ARPA-Covid19.
(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.
180
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, off-highway in-lieu, 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
$80,000,000
F
Y
2
0
2
2
F
Y
2
0
2
1
F
Y
2
0
2
0
F
Y
2
0
1
9
F
Y
2
0
1
8
F
Y
2
0
1
7
F
Y
2
0
1
6
F
Y
2
0
1
5
F
Y
2
0
1
4
F
Y
2
0
1
3
Combined Other (1)
Interest
Property Tax
Transient Occupancy Tax
Sales Tax
181
City of Palm Desert
Supplemental - Historical General Fund Expenditures
(Including Transfers Out)
Last Ten Fiscal Years
FY 2022 2021 2020 2019 2018
Expenditure:
Public Safety (1)20,288,195$ 19,326,751$ 21,415,334$ 20,975,032$ 21,088,867$
City Administration (2)12,620,102 12,990,562 11,429,468 12,521,081 11,460,325
Public Works Administration 2,265,476 1,886,402 2,457,045 2,149,715 2,333,897
Community Promotions 1,216,272 420,424 947,370 1,249,674 1,179,305
Street Maintenance 2,421,966 2,317,468 2,212,933 2,185,648 2,020,797
Building Safety 1,751,817 1,461,477 1,661,372 1,828,083 1,579,734
Street Resurfacing - - - - 2,760
Public Works (4)1,338,520 1,165,671 1,151,447 1,250,969 1,133,007
Other Expenditures (3)18,572,299 17,384,092 18,860,388 20,826,188 13,669,533
Total Expenditures 60,474,647$ 56,952,847$ 60,135,357$ 62,986,390$ 54,468,225$
FY 2017 2016 2015 2014 2013
Expenditure:
Public Safety (1)20,424,249$ 20,151,237$ 18,784,117$ 17,306,342$ 17,002,291$
City Administration (2)8,238,228 7,971,706 7,561,255 7,413,578 7,180,519
Public Works Administration 2,637,630 2,664,871 2,645,443 2,556,967 2,528,131
Community Promotions 1,062,611 791,565 749,631 618,138 575,119
Street Maintenance 2,418,451 2,709,328 2,631,590 2,806,168 2,353,655
Building Safety 1,849,442 1,888,290 1,847,798 1,783,918 1,517,937
Street Resurfacing 25,326 1,083,919 998,463 4,466 1,179,743
Public Works (4)970,877 1,004,989 1,067,837 1,018,435 1,505,018
Other Expenditures (3)18,302,019 14,010,275 14,512,426 14,430,399 14,762,237
Total Expenditures 55,928,833$ 52,276,180$ 50,798,560$ 47,938,411$ 48,604,650$
(1) Public Safety is any combination of animal regulation, police services, community safety 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, independent audit, City attorney, City clerk, City council,
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, retiree health, planning & community development,
economic development, marketing, interfund transfers, parks, recreation and culture, extraordinary loss and visitor center, capital outlay,
special item, 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, auto fleet, corporate yard,
public building maintenance, Portola Community center, storm water permit.
182
City of Palm Desert
Supplemental Graph- Historical General Fund Expenditures
(Including Transfers Out)
Last Ten Fiscal Years
(1) Public Safety is any combination of animal regulation, police services, community safety 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, independent audit, City attorney, City clerk, City council,
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, retiree health, planning & community development,
economic development, marketing, interfund transfers, parks, recreation and culture, extraordinary loss and visitor center, capital outlay,
special item, 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, auto fleet, corporate yard,
public 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
$70,000,000
F
Y
2
0
2
2
F
Y
2
0
2
1
F
Y
2
0
2
0
F
Y
2
0
1
9
F
Y
2
0
1
8
F
Y
2
0
1
7
F
Y
2
0
1
6
F
Y
2
0
1
5
F
Y
2
0
1
4
F
Y
2
0
1
3
Other Expenditures Comb (3)
Public Works (4)
City Administration (2)
Public Safety (1)
183
7KLVSDJHLQWHQWLRQDOO\OHIWEODQN
184
City of Palm Desert
Supplemental Historical General Revenue and Expenditures Per Capita
Last Ten Fiscal Years
FY 2022 2021 2020 2019 2018
Total General Revenue (2)77,168,851$ 60,971,794$ 57,497,862$ 64,721,710$ 59,241,399$
Population (1)50,889 53,892 52,986 53,625 52,769
General Revenue Per Capita 1,516$ 1,131$ 1,085$ 1,207$ 1,123$
FY 2017 2016 2015 2014 2013
Total General Revenue (2)56,079,870$ 53,437,908$ 50,055,811$ 48,723,641$ 47,029,063$
Population (1)50,740 49,335 51,053 50,417 49,949
General Revenue Per Capita 1,105$ 1,083$ 980$ 966$ 942$
FY 2022 2021 2020 2019 2018
Total General Expenditures (2)52,730,364$ 49,481,094$ 51,498,878$ 57,900,932$ 49,992,388$
Population (1)50,889 53,892 52,986 53,625 52,769
General Expenditures Per
Capita 1,036$ 918$ 972$ 1,080$ 947$
FY 2017 2016 2015 2014 2013
Total General Expenditures (2)48,427,111$ 48,134,252$ 46,302,187$ 44,183,659$ 42,155,428$
Population (1)50,740 49,335 51,053 50,417 49,949
General Expenditures Per
Capita 954$ 976$ 907$ 876$ 844$
(1) Population figures are as of January start of fiscal year.
(2) Interfund Transfers In/Out, extraordinary loss (gain), and special item are not included in total.
Sources: Population figures from State Department of Finance, City of Palm Desert Finance Department
185
City of Palm Desert
Assessed Value and Estimated 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)
2022 12,816,062,846$ 2,919,685,840$ 67,899,671$ 254,623,765$ *-$ 16,974,917,677$ 1.00000 16,768,080,495$
2021 12,277,100,484 2,872,316,290 65,652,944 279,025,011 *- 16,413,235,941 1.00000 16,217,619,993
2020 11,781,804,552 2,771,257,791 63,343,035 300,879,417 *(45,437) 15,835,758,806 1.00000 15,636,583,844
2019 11,231,546,199 2,675,659,205 62,224,633 373,347,796 (326,679,322) 15,556,158,170 1.00000 15,045,226,485
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
(1) Estimated Actual Taxable Value = Net Taxable Value
* Per HDL there was an artifact change in the Riverside County Assessors data that occurred primarily between 2018 and 2019, new vs old system differences,
the few properties which are listed as having asssessed value and being non-taxable are either new to the roll or are newly non-taxable for 2019.
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
186
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 / Sam's Supercenters 05/06
Kohl's 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
-0.49%3.22%5.08%5.02%
2.56%2.48%4.15%3.93%3.72%3.39%
-5.00%
0.00%
5.00%
10.00%
15.00%
20.00%
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Percent Increase in Assessed Valuation
FY 2013 to FY 2022
$-
$5,000
$10,000
$15,000
$20,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Value in Millions
Net Assessed Valuation - Historical Comparison
FY 2013 to FY 2022
187
City of Palm Desert
Supplemental FY 2022 and 2021 Breakdown of Basic 1% Property Tax Rate
Not in Redevelopment Project Area
Taxing Agency FY 2022 Rate FY 2021 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 Cemetery 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.
188
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
2022 1.00000 1.00000 0.07500 0.03950 0.11000 0.00000
2021 1.00000 1.00000 0.07390 0.03947 0.10000 0.00000
2020 1.00000 1.00000 0.07381 0.03983 0.10000 0.00000
2019 1.00000 1.00000 0.07418 0.03978 0.10000 0.00000
2018 1.00000 1.00000 0.07251 0.04030 0.10000 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
Notes:Proposition 13 limits the ability of the city to raise the property tax rate.
Source: CalMuni Statistics Inc
City Direct Overlapping Rates
189
City of Palm Desert
Principal Property Taxpayers
Current and Nine Years Ago
2022 2013
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 164,246,466$ 0.98% WEA Palm Desert LP $141,940,644 1.17%
Donald White 155,480,305 0.92% DS Hotel 138,255,385 1.14%
Gardens on El Paseo
LLC 143,883,860 0.86% Desert Crossing II 90,540,504 7.50%
WVC Rancho Mirage Inc 131,816,187 0.78%WVC Rancho Mirage
Inc 83,371,563 0.69%
PRU Desert Crossing
LLC 105,325,793 0.63%Gardens on El Paseo
LLC 80,874,024 0.67%
CC Cimarron LP 69,995,248 0.42% Sinatra & Cook Project 53,798,432 0.44%
Bighorn Golf Club 65,461,427 0.39% Elisabeth E. Stewart 53,196,833 0.44%
First American Trust 58,809,914 0.35%Monarch Sevilla
Venture 50,833,625 0.42%
Walmart /Sams 56,318,841 0.33%Walmart Real Estate
Business Trust 47,806,227 0.40%
Segovia Operations 54,615,693 0.32% Segovia Operations 46,716,000 0.39%
Total 1,005,953,734$ 5.98%Total 787,333,237$ 6.51%
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
190
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 (3)Amount (3)(4)of Levy
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%
2019 6,867,405 6,640,656 96.70%207,894 6,848,550 99.73%
2020 7,202,939 6,502,032 90.27%211,602 6,713,634 93.21%
2021 7,332,966 6,391,062 87.16%256,431 6,647,493 90.65%
2022 8,203,212 7,930,195 96.67%273,017 8,203,212 100.00%
(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) Includes tax collections accrued as of June 30, 2022.
(4) Includes amounts receivable for tax year 2021-2022 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)
Total Collections to Date
-191
City of Palm Desert
Supplemental Top 25 Sales Tax Generators
Graph - Historical Sales Tax Trends
June 30, 2022
Top 25 Sales Tax Generators (1)Primary Economic Category
AMER. BUILDERS & CONTRACTORS SUPP.BLDG. MATLS-WHSLE
APPLE INC SPECIALTY WHOLESALE STORES
ARCO-AM/PM MINI MARTS2 SERVICE STATIONS
ASHLEY FURNITURE HOME FURNISHINGS
BEST BUY STORES LP APPLIANCE / ELECTRONICS
CARMAX AUTO SUPERSTORES AUTOMOBILE DEALER
CONSOLIDATED ELECTRICAL DISTRIBUTORS SPECIALTY WHOLESALE STORES
COSTCO WHOLESALE COMPANY WHOLESALE GENERAL STORES
J.W. MARRIOTT DESERT SPRINGS ENTERTAINMENT
LEEDS & SON JEWELERS DEPARTMENT STORES
LOUIS VUITTON SPECIALTY WHOLESALE STORES
LOWE'S HOME CENTERS BLDG. MATLS-WHSLE
MACY'S DEPARTMENT STORES DEPARTMENT STORES
MOBIL SERVICE STATIONS2 SERVICE STATIONS
NORDSTROM RACK DEPARTMENT STORES
PGA TOUR SUPERSTORE MISCELLANEOUS RETAIL STORES
SAKS FIFTH AVENUE DEPARTMENT STORES
SAM'S CLUB WHOLESALE GENERAL STORES
SHELL SERVICE STATIONS2 SERVICE STATIONS
SIMPLOT SPECIALTY WHOLESALE STORES
SUPERIOR POOL PRODUCTS SPECIALTY WHOLESALE STORES
TARGET STORES DEPARTMENT STORES
TOMMY BAHAMA MISCELLANEOUS RETAIL STORES
TOTAL WINE & MORE SUPERMARKETS
WAL-MART SUPERCENTER DEPARTMENT STORES
(1) Listed in Alphabetical Order
(2) Carried over from prior year
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
5.9%2.9%1.8%
8.1%-2.57%0.66%
15.1%
-13.9%
14.7%
23.8%
$7.0
$9.0
$11.0
$13.0
$15.0
$17.0
$19.0
$21.0
$23.0
$25.0
$27.0
20
1
3
20
1
4
20
1
5
20
1
6
20
1
7
20
1
8
20
1
9
20
2
0
20
2
1
20
2
2
Millions
Sales and Use Tax Trends FY 2013 - 2022
Amounts
in Millions
% = % Change from Prior Year
$15.836 $16.764 $17.258 $17.564 $18.994 $18.505 $18.627 $21.434 $18.445 $21.156
-In Lieu *
192
City of Palm Desert
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
Special Assessment/Total Percentage Total Debt
Fiscal Local Obligation Capital Primary of Total Personal Per
Year Bonds b,c,d Leases Government Income a,f Capita a,f
2013 8,920,000$ 1,751,083$ 10,671,083$ 0.44%223
2014 8,246,000 1,222,915 9,468,915 0.39%198
2015 3,302,000 e 1,435,046 4,737,046 0.19% 99
2016 3,045,000 929,860 3,974,860 0.16%83
2017 2,808,000 499,881 3,307,881 0.14%69
2018 2,658,000 1,493,330 4,151,330 0.17%87
2019 2,071,000 1,595,394 3,666,394 0.24%128
2020 1,846,000 1,145,011 2,991,011 0.23%105
2021 1,672,000 675,976 2,347,976 0.20%92
2022 1,294,000 - 1,294,000 0.04%25
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, 2022 the balance was $1.082M.
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. At June 30, 2022 the oustanding balance was $0.118M
d - The City issued $1.136 million dollars of the Energy Independence Program (AB811 Assessments) Limited Obligation Improvement Bonds (Taxable)
The special assessment collection commenced during the fiscal year 2010-2011. At June 30, 2022 the outstanding balance was $0.094M.
e - In addition the Palm Desert Financing Authority issued $5.225 million dollars of the Energy Independence Program Variable Rate Demand Lease
Revenue Bonds, Series 2009(Federally Taxable). On September 2, 2014 the bonds were called in full. As of June 30, 2017 there were no outstanding bonds.
f - Personal income and Per Capita statistic includes governmental and business type activities combined.
Governmental Activities Business Type Activities
-193
City of Palm Desert
Ratios of General Bonded Debt Outstanding
Last Ten Fiscal Years
General Bonded Debt Outstanding
Percentage of Actual
Special Assessment Taxable Value of Per
Bonds Property Capita
Note: There are no General Obligation Bonds from FY 2013 to FY 2022
194
City of Palm Desert
Supplemental Special Assessment Information
June 30, 2022
District Name\Description
2003 01-01
Revenue Bonds
Silver Spur Ranch
Utility
Undergrounding 5
Community Facilities
District No. 2005-1
(University Park)
Special Tax Bonds
Series 2021A6
Community
Facilities District
No. 2021-1
(University Park)
Special Tax Bonds
Series 20217
2004-2 Section 29
Assessment District
Limited Obligation
Improvement Bonds
Series 2021
Bond Issue Date 6/25/2003 7/13/2021 7/13/2021 6/23/2021
Final Maturity Date 9/2/2028 9/1/2036 9/1/2051 9/2/2037
Highest Interest Rate 5.375%4.000%4.000%5.100%
Bond Issue Amount 2,340,000$ 5,165,000$ 15,200,000$ 16,400,000$
Matured Principal 1,270,000 - - -
Called Principal 170,000 - - -
Outstanding Bonds (4)900,000 5,165,000 15,200,000 16,400,000
Original Parcels 201 66 243 859
Active Parcels 193 55 243 776
Reserve Requirement 156,959 468,400 245,000 685,000
Reserve Balance 21/22 (1)161,019 468,408 874,214 1,416,863
Principal Due 22/23 (2)110,000 250,000 245,000 685,000
Principal Levied 21/22 (3)110,000 512,610 - -
Interest Due 22/23 (2)45,206 216,805 627,163 727,940
Interest Levied 21/22 (3)50,719 262,610 - -
21/22 Delinquency Rate 0.29%0.81%0.00%0.08%
Arbitrage Installment Computation
Date: 90% Rebate Due 06/25/23 N/A N/A N/A
Arbitrage Yield Rate 4.9129%N/A N/A N/A
Continuing Disclosure Last Report
Issued:1/4/2021 02/2023 02/2023 02/2023
(1) Reserve Balances are as of 6/30/22.
(2) Outstanding bond balance at June 30, 2022.
(3) Amount represents principal and interest collected during the FY 21/22 tax roll for Debt Service Payment due in FY 22/23.
(4) Levied amounts reflect adjustments for construction funds, reserve funds, redemption funds and other adjustments.
(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 16 for additional information.
Source: Willdan Financial Annual Report
(6) Community Facilities District No. 2005-1 (University Park) Special Tax Bonds 2021A were used to refund Community Faciliites District No. 2005-1 (University
Park) Special Tax Bonds Series 2006A
(6) Community Facilities District No. 2021-1 (University Park) Special Tax Bonds 2021A were used to pay and defease a pro rata portion of outstanding
Community Faciliites District No. 2005-1 (University Park) Special Tax Bonds Series 2006A
-195
City of Palm Desert
Direct and Overlapping Government Activities Debt
June 30, 2022
2021/22 Assessed Valuation:16,755,218,136$
City's Share of
OVERLAPPING TAX AND ASSESSMENT DEBT:Total Debt 6/30/22 % Applicable (1) Debt 6/30/22
Desert Community College District 510,745,000$ 18.037% 92,123,076$
Desert Sands Unified School District 389,440,000 33.878% 131,934,483
Palm Springs Unified School District 451,708,639 4.419% 18,741,391
City of Palm Desert Limited Obligation Improvement Bonds 482,000 100.000% 482,000
City of Palm Desert Community Facilities District No. 2005-1 5,165,000 100.000% 5,165,000
City of Palm Desert Community Facilities District No. 2021-1 15,200,000 100.000% 15,200,000
City of Palm Desert 1915 Act Bonds 18,382,000 100.000% 18,382,000
TOTAL OVERLAPPING TAX AND ASSESSMENT DEBT 282,027,950$
DIRECT AND OVERLAPPING GENERAL FUND DEBT:
Riverside County General Fund Obligations 720,218,351$ 5.063% 36,464,655$
Riverside County Pensions Obligations 820,060,000 5.063% 41,519,638
Desert Sands Unified School District Certificates of Participation 19,505,000 33.878% 6,607,904
City of Palm Desert - 100.000% -
TOTAL DIRECT AND OVERLAPPING GENERAL FUND DEBT 84,592,197$
OVERLAPPING TAX INCREMENT DEBT:(SUCCESSOR AGENCIES)488,913,028$ 0.216-100%180,235,489$
TOTAL CITY DIRECT DEBT -$
TOTAL OVERLAPPING DEBT 546,855,636$
COMBINED TOTAL DEBT 546,855,636$ (2)
(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.
Ratios to 2021-2022 Adjusted Assessed Valuation:
Total Overlapping Tax and Assessment Debt 1.68%
Total Direct Debt ($0)0.00%
Net Combined Total Debt 3.26%
Ratios to Redevelopment Successor Agencies Incremental Valuation (11,028,173,245)$
Total Overlapping Tax Increment Debt 1.63%
Source: California Municipal Statistics, Inc., City of Palm Desert Finance Department
196
City of Palm Desert
Legal Debt Margin Information
Last Ten Fiscal Years
Assessed Value 16,755,218,136$
Debt Limit (15% of Assessed Value) (1)2,513,282,720
Debt Applicable to Limit:
General Obligation Bonds 1,082,000 pg 41 Note6 Financial statement
Less: Amount set aside for
repayment of general obligation
debt -
Total Debt Applicable to Limit -
Legal debt margin 2,512,200,720$
2013 2014 2015 2016 2017
Debt Limit 1,811,620,824$ 1,869,699,132$ 1,963,741,235$ 2,059,815,120$ 2,059,815,120$
Total Net debt applicable to limit 1,589,000 1,526,000 1,489,000 1,451,000 1,410,000
Legal debt margin 1,810,031,824$ 1,868,173,132$ 1,962,252,235$ 2,058,364,120$ 2,058,364,120$
Total net debt applicable to the limit
as a percentage of debt limit 0.09%0.08%0.08%0.07%0.07%
2018 2019 2020 2021 2022
Debt Limit 2,114,442,742$ 2,167,115,649$ 2,256,723,736$ 2,345,639,686$ 2,432,559,897$
Total Net debt applicable to limit 1,368,000 1,310,000 1,178,000 1,130,000 1,082,000
Legal debt margin 2,113,074,742$ 2,165,805,649$ 2,255,545,736$ 2,344,509,686$ 2,431,477,897$
Total net debt applicable to the limit
as a percentage of debt limit 0.06% 0.06% 0.05% 0.05% 0.04%
(1) Section 43605 of the California Government Code.
Source: California Municipal Statistic, Inc. San Francisco
Legal Debt Margin Calculation for Fiscal Year 2022
FISCAL YEAR
FISCAL YEAR
197
City of Palm Desert
Pledged-Revenue Coverage
Last Ten Fiscal Years
Special Special
Fiscal Assessment Assessment
Year Collections a,c Principal Interest Coverage Collections Principal Interest Coverage
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
2019 5,608,312 2,427,000 2,942,348 1.0445 25,986,960 e, i 17,210,000 e, i 8,776,960 1.000
2020 5,280,905 2,080,000 2,818,146 1.0781 27,833,500 e, i 19,475,000 e, i 8,358,500 1.000
2021 5,397,140 2,119,000 2,698,952 1.1202 25,215,056 e, i 17,330,000 e, i 7,885,056 1.000
2022 j, k 3,342,319 488,000 1,072,389 2.1420 25,462,250 e, i 18,115,000 e, i 7,347,250 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 princiapl 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 ($45.815M). See Note 18 Tax Allocation Bonds. The 2017 Refunding Bonds refunded all of the
tax allocation revenue bonds; with the exception of the Project Area No. 1 2007A Bonds, and the Project Area No. 2 2003 Bonds.
Tax Increment b
Debt ServiceDebt Service
Special Assessment Bonds
-198
City of Palm Desert
Demographic and Economic Statistics
Last Ten Calendar Years
Calendar Percentage Per Capita City Riverside Percentage County
Year City Increase Personal Personal Unemployment County Increase Unemployment
End Population (Decrease)Income CY a Income CY Rate b Population (Decrease) Rate b
2022 50,889 -5.57%3,004,769,944$ 59,046$ 4.10%2,435,525 -0.77%4.00%
2021 53,892 1.71%2,960,364,477 54,931 7.40%2,454,453 0.50%8.00%
2020 52,986 -1.19%2,916,615,248 55,045 17.20%2,442,304 0.09% 14.70%
2019 53,625 1.62%2,873,512,560 53,585 4.90%2,440,124 1.00%4.40%
2018 52,769 4.00%2,831,046,858 53,650 5.00%2,415,955 1.31%4.80%
2017 50,740 2.85%2,789,208,727 54,971 4.00%2,384,783 1.57%5.70%
2016 49,335 -3.37%2,747,988,894 55,701 4.20%2,347,828 1.71%6.70%
2015 51,053 1.26% 2,707,378,221 53,031 4.60%2,308,441 1.25%6.50%
2014 50,417 0.94% 2,667,367,705 52,906 4.90%2,279,967 1.10%8.40%
2013 49,949 0.97% 2,627,948,478 52,613 6.00%2,255,059 1.23% 10.20%
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 21/22 is based on annual information from State of California Employment Development Department
Labor Market Information Division (not seasonally adjusted)
Sources: State Department of Finance, State Employment Development Department
199
City of Palm Desert
Principal Employers
Current and Nine 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 8.86%
JW Marriot-Desert Springs
Resort & DS Villas 2,304 1 8.41%
Universal Protection Services 1,500 2 5.77%
Universal Protection Services 1,500 2 5.47%
Securitas-Security Service
USA 700 3 2.69%
Securitas-Security Service USA 700 3 2.55%
Avida Caregivers 550 4 2.12%
Sunshine Landscape 500 4 1.82%
Organization of Legal Pro's 501 5 1.93%
Macy's 301 5 1.10%
Sunshine Landscape 500 6 1.92%
Bighorn Golf Club 250 6 0.91%
Costco Wholesale 250 7 0.96%
Costco 250 7 0.91%
Bighorn Golf Club 250 8 0.96%
Desert ARC 250 8 0.91%
Yellow Cab of Desert 160 9 0.62%
Westin-Desert Willow 248 9 0.91%
Whole Foods Market 150 10 0.58%
Time Warner Cable 236 10 0.86%
Sources: CA Employment Development Department - Federal and State Government not included
* Data based on prior years numbers, at the time of preparation data was not available.
2022*2013
200
City of Palm Desert
Supplemental Miscellaneous Statistics
June 30, 2022
City/ Municipal Government
Form of Government:Council - City Manager/Charter City
Date of Incorporation:November 26, 1973
Number of Employees:108 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:6,210 active business licenses
Number of Hotels & Rooms: 19 hotels, 2,822 rooms
CONTRACT SERVICES:
Police Department Contract with Riverside County Sheriff - 61 sworn positions plus 19 support staff
(rounded to nearest FTE)
Fire Department Contract with Riverside County/State Fire 49 positions plus 12 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 - The Hartford Insurance Company
Life The Hartford Insurance Company
Retirement California PERS - Public Employees' Retirement System
Source: City of Palm Desert
201
City of Palm Desert
Full-time Equivalent City Government Employees by Function / Program
Last Ten Fiscal Years
Function / Program 2022 2021 2020 2019 2018 2017 2016 2015 2014
2013 a
General Government
City 35 33 33 31 31 32 32 34 34 33
Economic Dev & Housing b 12 11 11 11 10 11 13 13 13 12
Public Safety 28 30 30 28 29 29 28 26 25 24
Police & Fire (1) 141 140 174 172 179 170 163 169 173 157
Public Works 33 38 38 39 39 39 40 40 40 38
Totals 249 252 286 281 288 281 276 282 285 264
(1) The City operates as a "contract city" utilizing, primarily, agreements 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
202
City of Palm Desert
Operating Indicators by Function / Program
Last Ten Fiscal Years
Function / Program 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
General Government
Business License Inspections *******24 33 196
Contracted Services - Burrtec Waste (1)
Refuse Collected (tons)61,932 60,226 58,096 59,154 56,346 54,301 52,772 54,865 57,935 52,131
Recyclables Collected 22,043 20,964 21,772 27,391 28,119 26,651 23,818 24,611 26,424 24,862
Public Safety
Physical Arrests 1,198 1,066 621 758 1,654 1,620 1,284 1,946 1,348 986
Parking Violations 769 780 899 375 575 587 712 794 386 198
Traffic Violations 1,398 2,070 1,392 3,525 7,012 6,939 6,223 5,525 5,284 5,080
Emergency Responses-Fire Department 10,557 9,701 15,088 10,009 9,984 9,617 9,285 8,628 8,235 7,907
Fires Extinguished 138 104 147 93 90 68 103 88 106 104
Fire Inspections ##3,372 5,397 3,378 1,274 2,118 2,989 2,552 3,048
Building Permits Issued 5,211 3,651 3,118 3,912 3,644 4,734 4,704 4,909 5,552 4,548
Building Inspections Conducted 16,802 13,451 13,439 13,965 18,601 23,542 24,756 24,057 24,830 19,107
Public Works
Street Resurfacing (miles) (3)2.25 1.83 16.9 31.6 7.3 25.8 2.9 8 34 23
Parks, recreation & culture
Athletic Field Permits Issued 2,255 2,262 643 2,990 2,934 3,197 2,997 4,430 6,548 2,635
Amphitheater / Pavilions Permits Issued 350 244 6 119 121 106 104 283 247 128
Community Center Admissions 32,326 15,577 9,746 52,203 60,769 51,694 64,493 53,426 50,204 53,062
Aquatic Center Admissions (2)31,320 38,249 32,905 52,102 53,739 58,023 60,359 64,103 43,545 48,663
(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.
(#) City discontinued the City Fire Marshal services and contracted with the County for State mandated inspections only.
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.
203
City of Palm Desert
Capital Asset Statistics by Function / Program
Last Ten Fiscal Years
Function / Program 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
General Government
Contracted Services (1)
Collection trucks 35 29 25 25 24 24 35 30 30 36
Public Safety - Police & Fire
Police Stations 1111111111
Police Sub Stations 1111111111
Patrol Units-Cars 26 26 27 29 30 29 29 29 26 28
Patrol Units-Motorcycles 7 7 7 6 9 9 11 10 10 10
Fire Stations 3333333333
Fire Trucks 1 plus 1 reserve 5 plus 2 reserve 4 plus 1 reserve 4 plus 1 Reserve 4 plus 1 Reserve 4 plus 1 Reserve 4 plus 1 Reserve 4 plus 1 Rsrvd 4 plus 1 Rsrvd 4 plus 2 Rsrvd
Ambulance 4 plus 2 reserve 4 plus 3 reserve 4 plus 3 reserve 4 plus 3 Reserve 4 plus 3 Reserve 4 plus 3 Reserve 4 plus 3 Reserve 4 plus 3 Rsrvd 4 plus 3 Rsrvd 4 plus 1 Rsrvd
Fire Prevention Pick-ups 0-2.54333333
Public Works
Streets (miles)170 170 170 170 170 170 170 170 170 170
Traffic Signals 99 99 99 99 99 99 98 98 98 98
Parks, recreation & culture
Acreage 201 201 201 201 201 201 201 201 201 201
Total Parks 13 13 13 13 13 13 13 13 13 13
Playgrounds 16 16 16 16 16 16 16 16 16 16
Baseball/softball diamonds 8888888888
Soccer/football fields 9999999999
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 8888888888
Community Centers 2222222222
Skateboard Parks 2222222222
Aquatic Center 1111111111
Commercial Office Space
(Parkview Office Complex)
Leasable 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 84%84%91%91%82%84%90%90%86%88%
Number of Tenants by Type
Government (State, local regional)7777779898
Non-Profit 4444334344
Private 3333231145
Square Footage lease by tenant
Government (State, local regional)31,607 31,607 31,607 31,607 30,907 32,287 33,127 30,907 31,921 31,321
Non-Profit 7,339 7,339 7,341 6,621 4,061 4,061 3,561 6,269 3,294 4,467
Private 3,083 3,083 6,693 7,468 6,218 6,938 8,688 8,025 8,025 8,513
Vacant 8,293 8,293 4,681 4,626 9,136 8,416 4,946 5,121 7,082 6,021
Municipal Golf Course
(Desert Willow Golf Resort)
Courses - Fire Cliff and Mountain View 2222222222
Holes 36 36 36 36 36 36 36 36 36 36
Golf Carts 172 172 172 172 172 172 172 172 172 172
Clubhouse square footage 39,000 39,000 39,000 39,000 39,000 39,000 39,000 39,000 39,000 39,000
Rounds per Course
Fire Cliff 52,415 47,695 38,057 48,646 46,620 39,424 39,366 44,845 45,841 45,645
Mountain View 47,949 49,005 35,332 43,523 43,712 39,931 40,910 42,407 43,160 38,669
Total Annual Rounds 100,364 96,700 73,389 92,169 90,332 79,355 80,276 87,252 89,001 84,314
(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.
Sources: Riverside County Sheriff's Dept., California State Department of Forestry & Fire Protection,
City of Palm Desert, Coachella Valley Recreation & Park District, Burrtec Waste
204
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 19 and note 20.
City of Palm Desert, California
Supplemental Redevelopment Agency Statistical Section
205
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Project Area No. 2
Project Area No. 3
Date:
1/2010
Redevelopment Agency
Project Areas IArea 1 - Original (1975)
Area 1 - Added Territory (1982)
Area 2
Area 3
Area 4
City Boundary206
City of Palm Desert
Redevelopment Agency
Tax Allocation Bond Issue Information
June 30, 2022
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)
Principal Due 22/23 875,000
Interest Due 22/23 769,006
Arbritage Yield Rate 4.9502%
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 36,405,000 96,345,000
Call Premium 0.00%0.00%
Bond Insurer BAM BAM
Reserve Requirement (1)5,786,159 8,674,758
Reserve Balance (1)(1) (1)
Principal Due 22/23 715,000 11,675,000
Interest Due 22/23 1,820,250 3,597,525
Arbritage Yield Rate 3.659%3.659%
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 5,025,000 6,195,000
Call Premium 0.00%0.00%
Bond Insurer BAM BAM
Reserve Requirement (1)687,519 4,581,500
Reserve Balance (1)(1) (1)
Principal Due 22/23 455,000 6,015,000
Interest Due 22/23 227,519 351,263
Arbritage Yield Rate 2.907%2.907%
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
207
City of Palm Desert
Historical Tax Increment/
Redevelopment Property Tax Trust Fund Summary
All Project Areas
Project Area No. 1 FY 2012/13 FY 2013/14 FY 2014/15 FY 2015/16 FY 2016/17 FY 2017/18 FY 2018/19 FY 2019/20 FY 2020/21 FY 2021/22
Gross Tax Increment 48,767,884 51,298,203 53,437,088 56,610,029 58,222,677 59,842,517 62,844,689 64,495,840 68,597,410 70,656,513
Less:
Housing Set-Aside*9,753,577 10,259,641 10,687,418 11,322,006 11,644,535 11,968,503 12,568,938 12,899,168 13,719,482 14,131,303
SB 2557 714,717 673,261 686,944 629,449 725,403 662,238 594,754 570,820 858,150 1,503,453
Gross Pass-Throughs 18,642,892 20,111,377 21,241,903 22,961,604 25,052,727 22,919,420 25,953,291 26,949,281 28,676,151 29,944,830
Net Tax Increment 19,656,698 20,253,925 20,820,823 21,696,970 20,800,012 24,292,356 23,727,706 24,076,571 25,343,627 25,076,927
RPTTF Amount Deposited 26,848,203 25,090,381 26,530,801 24,696,424 25,131,004 19,923,194 20,331,658 21,672,933 21,069,258 16,915,008
Project Area No. 2 FY 2012/13 FY 2013/14 FY 2014/15 FY 2015/16 FY 2016/17 FY 2017/18 FY 2018/19 FY 2019/20 FY 2020/21 FY 2021/22
Gross Tax Increment 13,700,701 13,556,184 15,232,096 16,232,329 16,302,895 16,916,067 17,466,255 18,503,456 19,553,601 19,897,195
Less:
Housing Set-Aside*2,740,140 2,711,237 3,046,419 3,246,466 3,260,579 3,383,213 3,493,251 3,700,691 3,910,720 3,979,439
SB 2557 200,429 179,214 192,900 180,457 202,348 187,481 165,500 172,557 243,191 188,413
Gross Pass-Throughs 4,983,714 4,967,602 5,665,961 6,078,194 6,103,481 6,372,798 6,609,645 7,125,321 7,569,060 7,672,621
Net Tax Increment 5,776,418 5,698,132 6,326,816 6,727,213 6,736,487 6,972,575 7,146,063 7,504,887 7,830,630 8,056,722
RPTTF Amount Deposited 7,568,241 7,017,531 5,441,721 5,547,427 5,887,814 5,516,674 5,629,776 6,106,095 6,005,764 4,763,343
Project Area No. 3 FY 2012/13 FY 2013/14 FY 2014/15 FY 2015/16 FY 2016/17 FY 2017/18 FY 2018/19 FY 2019/20 FY 2020/21 FY 2021/22
Gross Tax Increment 3,575,242 3,760,421 3,754,999 4,039,902 4,360,574 4,364,606 4,487,719 4,653,982 4,947,578 5,015,404
Less:
Housing Set-Aside*715,048 752,084 751,000 807,980 872,115 872,921 897,544 930,796 989,516 1,003,081
SB 2557 52,858 49,871 48,901 45,175 52,745 8,947 42,853 41,139 62,062 47,593
Gross Pass-Throughs 1,277,864 1,377,700 1,371,786 1,510,219 1,656,158 1,662,390 1,730,228 1,813,552 1,937,004 1,985,858
Net Tax Increment 1,529,472 1,580,766 1,583,312 1,676,528 1,779,556 1,820,347 1,817,094 1,868,494 1,958,996 1,978,872
RPTTF Amount Deposited 1,491,532 1,357,678 1,237,930 1,290,623 1,295,156 1,422,709 1,451,877 1,563,906 1,519,617 1,200,676
Project Area No. 4 FY 2012/13 FY 2013/14 FY 2014/15 FY 2015/16 FY 2016/17 FY 2017/18 FY 2018/19 FY 2019/20 FY 2020/21 FY 2021/22
Gross Tax Increment 11,153,422 11,941,800 13,057,891 13,889,272 14,287,533 14,685,301 15,251,204 15,776,294 16,815,458 17,592,461
Less:
Housing Set-Aside*2,230,684 2,388,360 2,611,578 2,777,854 2,857,507 2,937,060 3,050,241 3,155,259 3,363,092 3,518,492
SB 2557 164,046 156,818 166,634 154,976 178,812 162,715 145,017 139,433 210,710 166,282
Gross Pass-Throughs 7,530,089 7,901,830 8,381,422 8,866,804 9,433,947 9,943,062 10,454,725 8,434,713 11,405,344 12,185,263
Net Tax Increment 1,228,603 1,494,792 1,898,257 2,089,637 1,817,267 1,642,464 1,601,222 4,046,890 1,836,312 1,722,424
RPTTF Amount Deposited 4,064,105 3,675,440 3,071,966 2,443,507 2,610,660 4,834,978 4,934,105 5,301,405 5,164,761 4,211,595
*For calculation purposes only - No requirement to deposit Housing Set Aside post Redevelopment Dissolution.
208
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