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HomeMy WebLinkAboutG Capital ProjectsOTHER GOVERNMENTAL FUNDS - CAPITAL PROJECTS Capital Projects Funds are used to account for the acquisition and construction of major capital facilities, except for those financed by certain Special Revenue and Enterprise funds. Capital Projects Reserve - This fund is used to account for resources and expenditures for capital improvement projects that are related to the acquisition and development of public facilities, infrastructure and equipment. Drainage Facilities Fund - This fund is used to account for resources and expenditures for planned capital improvement projects that are under the Master Drainage Plan. Economic Development - This fund is used to account for façade enhancement projects for Palm Desert businesses utilizing funds from the sales of certain City-owned properties. Parks and Recreational Facilities Fund - This fund is used to account for resources and expenditures for capital improvement projects that are related to park development, maintenance and equipment. Art in Public Places Fund - This fund is used to account for fees collected from residential, commercial and public facilities development except for street and drainage projects. Its use is restricted for acquisition, installation, improvement and maintenance of artwork to be displayed in the City, the administration of the program and community public art education programs. Signalization Fund - This fund is used to account for resources and expenditures for capital improvement projects that are related to the acquisition and maintenance of traffic signals. Capital Golf Fund - This fund is used to offset the cost of capital improvements, equipment purchases, perimeter maintenance, pay off assessments and other nonrecurring costs that will arise as a result of Desert Willow Golf Course Resort. Funding sources for the Golf Course Maintenance Fund are collections from the IROC and Standard Vacation Ownership, Inc. time-share project. Buildings Fund - This fund is used to account for resources and expenditures for capital improvement projects that are related to the improvement and maintenance of public facilities and structures. Library Fund - This fund is used to account for resources and expenditures for capital improvement projects that are related to the purchase of library resources for the Multi-Agency Library. Special Assessment District Funds - This fund is used to account for the construction of public improvements from proceeds resulting from the creation of various assessment Districts. Assessment District No. 94-3 Merano Silver Spur Ranch Highlands Undergrounding CFD University Special Assessment Assessment 29 147 CITY OF PALM DESERT COMBINING BALANCE SHEET OTHER CAPITAL PROJECTS FUNDS JUNE 30, 2018 ASSETS: Pooled cash and investments 2,708,487$ 2,056,936$ 737,119$ 85,380$ Receivables: Accounts - - - - Interest 1,440,000 - - 857,700 Due from other governments 2,132 - - - Due from other funds - - - - Restricted assets: Cash and investments with fiscal agents - - - - Advances to Successor Agency 8,000,000 - - 4,765,000 TOTAL ASSETS 12,150,619$ 2,056,936$ 737,119$ 5,708,080$ LIABILITIES, DEFERRED INFLOWS OF RESOURCES, AND FUND BALANCES: LIABILITIES: Accounts payable 29,367$ 131$ -$ -$ Unearned revenues 63,041 - - - Deposits payable - - - - Due to other funds 1,600,000 - - 953,000 TOTAL LIABILITIES 1,692,408 131 - 953,000 DEFERRED INFLOWS OF RESOURCES: Unavailable revenues 1,440,000 - - 857,700 TOTAL DEFERRED INFLOWS OF RESOURCES 1,440,000 - - 857,700 FUND BALANCES: Restricted for: Capital Projects - - - - Special programs - - - - Assigned to: Capital projects 8,597,824 - - - Property acquisition 420,387 - - - Public facilities - - 737,119 3,897,380 Special programs - - - - Street related purposes - 2,056,805 - - TOTAL FUND BALANCES 9,018,211 2,056,805 737,119 3,897,380 TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES 12,150,619$ 2,056,936$ 737,119$ 5,708,080$ Capital Projects Reserve Drainage Facilities Economic Development Parks and Recreational Facilities 148 CITY OF PALM DESERT COMBINING BALANCE SHEET OTHER CAPITAL PROJECTS FUNDS JUNE 30, 2018 ASSETS: Pooled cash and investments Receivables: Accounts Interest Due from other governments Due from other funds Restricted assets: Cash and investments with fiscal agents Advances to Successor Agency TOTAL ASSETS LIABILITIES, DEFERRED INFLOWS OF RESOURCES, AND FUND BALANCES: LIABILITIES: Accounts payable Unearned revenues Deposits payable Due to other funds TOTAL LIABILITIES DEFERRED INFLOWS OF RESOURCES: Unavailable revenues TOTAL DEFERRED INFLOWS OF RESOURCES FUND BALANCES: 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) 1,500,372$ 103,609$ 3,031,517$ 3,378,392$ --4,610 - --14,959 - ---- --500,000 - ---- ---- 1,500,372$ 103,609$ 3,551,086$ 3,378,392$ 9,064$ -$ 48,200$ 103,594$ ---- 107,430 --- ---- 116,494 -48,200 103,594 ---- ---- ---- 1,383,878 --- ---- ---- -- 3,502,886 3,274,798 ---- - 103,609 -- 1,383,878 103,609 3,502,886 3,274,798 1,500,372$ 103,609$ 3,551,086$ 3,378,392$ Buildings Art in Public Places Signalization Capital Golf 149 CITY OF PALM DESERT COMBINING BALANCE SHEET OTHER CAPITAL PROJECTS FUNDS JUNE 30, 2018 ASSETS: Pooled cash and investments Receivables: Accounts Interest Due from other governments Due from other funds Restricted assets: Cash and investments with fiscal agents Advances to Successor Agency TOTAL ASSETS LIABILITIES, DEFERRED INFLOWS OF RESOURCES, AND FUND BALANCES: LIABILITIES: Accounts payable Unearned revenues Deposits payable Due to other funds TOTAL LIABILITIES DEFERRED INFLOWS OF RESOURCES: Unavailable revenues TOTAL DEFERRED INFLOWS OF RESOURCES FUND BALANCES: 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 667,255$ -$ 604$ 21$ - - - - - 261 - - - - - - - - - - - 182,051 - - - - - - 667,255$ 182,312$ 604$ 21$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - - - - - 182,312 604 21 - - - - - - - - - - - - - - - - 667,255 - - - - - - - 667,255 182,312 604 21 667,255$ 182,312$ 604$ 21$ Library Assessment District No. 94- 3 Merano Silver Spur Ranch Highlands Undergrounding 150 CITY OF PALM DESERT COMBINING BALANCE SHEET OTHER CAPITAL PROJECTS FUNDS JUNE 30, 2018 ASSETS: Pooled cash and investments Receivables: Accounts Interest Due from other governments Due from other funds Restricted assets: Cash and investments with fiscal agents Advances to Successor Agency TOTAL ASSETS LIABILITIES, DEFERRED INFLOWS OF RESOURCES, AND FUND BALANCES: LIABILITIES: Accounts payable Unearned revenues Deposits payable Due to other funds TOTAL LIABILITIES DEFERRED INFLOWS OF RESOURCES: Unavailable revenues TOTAL DEFERRED INFLOWS OF RESOURCES FUND BALANCES: 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 -$ 655$ 14,270,347$ - - 4,610 8,724 - 2,321,644 - - 2,132 - - 500,000 1,838,322 - 2,020,373 - - 12,765,000 1,847,046$ 655$ 31,884,106$ -$ -$ 190,356 - - 63,041 - - 107,430 - - 2,553,000 - - 2,913,827 - - 2,297,700 - - 2,297,700 1,847,046 655 2,030,638 - - 1,383,878 - - 8,597,824 - - 420,387 - - 11,412,183 - - 667,255 - - 2,160,414 1,847,046 655 26,672,579 1,847,046$ 655$ 31,884,106$ Total Other Capital Projects Funds CFD University Special Assessment Assessment 29 151 CITY OF PALM DESERT COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OTHER CAPITAL PROJECTS FUNDS YEAR ENDED JUNE 30, 2018 REVENUES: Licenses and permits -$ -$ -$ -$ Intergovernmental revenues 65,110 - 69,423 - Investment earnings 35,252 25,158 8,595 1,043 Miscellaneous - - - - TOTAL REVENUES 100,362 25,158 78,018 1,043 EXPENDITURES: Current: General government 7,879 - 75,000 - Public safety - - - - Parks, recreation and culture 24,653 - - - Public works 270,206 1,881 - - Capital outlay 103,617 - - - TOTAL EXPENDITURES 406,355 1,881 75,000 - EXCESS OF REVENUES OVER (UNDER) EXPENDITURES (305,993) 23,277 3,018 1,043 OTHER FINANCING SOURCES (USES) Transfers in - - 68,621 - Transfers out - - - - TOTAL OTHER FINANCING SOURCES (USES)- - 68,621 - NET CHANGE IN FUND BALANCES (305,993) 23,277 71,639 1,043 FUND BALANCES - BEGINNING OF YEAR 9,324,204 2,033,528 665,480 3,896,337 FUND BALANCES - END OF YEAR 9,018,211$ 2,056,805$ 737,119$ 3,897,380$ Capital Projects Reserve Drainage Facilities Economic Development Parks and Recreational Facilities 152 CITY OF PALM DESERT COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OTHER CAPITAL PROJECTS FUNDS YEAR ENDED JUNE 30, 2018 REVENUES: Licenses and permits Intergovernmental revenues Investment earnings Miscellaneous TOTAL REVENUES EXPENDITURES: Current: General government Public safety Parks, recreation and culture Public works Capital outlay 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) 181,645$ -$ -$ -$ ---- 19,729 1,266 57,941 42,742 826 - 2,038,219 - 202,200 1,266 2,096,160 42,742 ---341,864 ---19,698 107,013 -372,916 - ---- ---44,727 107,013 -372,916 406,289 95,187 1,266 1,723,244 (363,547) ---- (159,664)- (1,127,500)- (159,664)- (1,127,500)- (64,477)1,266 595,744 (363,547) 1,448,355 102,343 2,907,142 3,638,345 1,383,878$ 103,609$ 3,502,886$ 3,274,798$ Art in Public Places Signalization Capital Golf Buildings 153 CITY OF PALM DESERT COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OTHER CAPITAL PROJECTS FUNDS YEAR ENDED JUNE 30, 2018 REVENUES: Licenses and permits Intergovernmental revenues Investment earnings Miscellaneous TOTAL REVENUES EXPENDITURES: Current: General government Public safety Parks, recreation and culture Public works Capital outlay 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 -$ -$ -$ -$ - - - - - 2,186 8 - - - - - - 2,186 8 - - - - - - - - - - - - - - - - - - - - - - - - - - 2,186 8 - - - - - - - - - - - - - - 2,186 8 - 667,255 180,126 596 21 667,255$ 182,312$ 604$ 21$ Library Assessment District No. 94- 3 Merano Silver Spur Ranch Highlands Undergrounding 154 CITY OF PALM DESERT COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OTHER CAPITAL PROJECTS FUNDS YEAR ENDED JUNE 30, 2018 REVENUES: Licenses and permits Intergovernmental revenues Investment earnings Miscellaneous TOTAL REVENUES EXPENDITURES: Current: General government Public safety Parks, recreation and culture Public works Capital outlay 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 -$ -$ 181,645$ - - 134,533 24,531 9 218,460 - - 2,039,045 24,531 9 2,573,683 - - 424,743 - - 19,698 - - 504,582 - - 272,087 - - 148,344 - - 1,369,454 24,531 9 1,204,229 - - 68,621 - - (1,287,164) - - (1,218,543) 24,531 9 (14,314) 1,822,515 646 26,686,893 1,847,046$ 655$ 26,672,579$ Total Other Capital Projects Fund CFD University Special Assessment District Assessment 29 155 CITY OF PALM DESERT BUDGETARY COMPARISON SCHEDULE CAPITAL PROPERTIES YEAR ENDED JUNE 30, 2018 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 69,152,038$ 69,152,038$ 69,152,038$ -$ Resources (Inflows): Investment earnings 250,100 250,100 640,924 390,824 Amounts Available for Appropriations 69,402,138 69,402,138 69,792,962 390,824 Charges to Appropriation (Outflow): Parks and recreation - 667,245 667,245 - Public works 5,020,000 13,020,000 79,748 12,940,252 Capital outlay 1,765,000 10,000,000 291,221 9,708,779 Total Charges to Appropriations 6,785,000 23,687,245 1,038,214 22,649,031 Budgetary Fund Balance, June 30 62,617,138$ 45,714,893$ 68,754,748$ 23,039,855$ 156 CITY OF PALM DESERT BUDGETARY COMPARISON SCHEDULE CAPITAL PROJECTS RESERVE YEAR ENDED JUNE 30, 2018 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 9,324,204$ 9,324,204$ 9,324,204$ -$ Resources (Inflows): Intergovernmental 2,370,000 2,370,000 65,110 (2,304,890) Investment earnings 14,000 14,000 35,252 21,252 Amounts Available for Appropriations 11,708,204 11,708,204 9,424,566 (2,283,638) Charges to Appropriation (Outflow): General government - 120,188 7,879 112,309 Public safety 75,000 75,000 - 75,000 Parks, recreation and culture 4,500 282,291 24,653 257,638 Public works 870,000 1,398,407 270,206 1,128,201 Capital outlay 65,000 2,157,611 103,617 2,053,994 Total Charges to Appropriations 1,014,500 4,033,497 406,355 3,627,142 Budgetary Fund Balance, June 30 10,693,704$ 7,674,707$ 9,018,211$ 1,343,504$ 157 CITY OF PALM DESERT BUDGETARY COMPARISON SCHEDULE DRAINAGE FACILITIES YEAR ENDED JUNE 30, 2018 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 2,033,528$ 2,033,528$ 2,033,528$ -$ Resources (Inflows): Investment earnings 4,000 4,000 25,158 21,158 Amounts Available for Appropriations 2,037,528 2,037,528 2,058,686 21,158 Charges to Appropriation (Outflow): Public works - 476,292 1,881 474,411 Capital outlay - 10,000 - 10,000 Total Charges to Appropriations -486,292 1,881 484,411 Budgetary Fund Balance, June 30 2,037,528$ 1,551,236$ 2,056,805$ 505,569$ 158 CITY OF PALM DESERT BUDGETARY COMPARISON SCHEDULE ECONOMIC DEVELOPMENT YEAR ENDED JUNE 30, 2018 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 665,480$ 665,480$ 665,480$ -$ Resources (Inflows): Intergovernmental - - 69,423 69,423 Investment earnings 3,000 3,000 8,595 5,595 Transfers in - - 68,621 68,621 Amounts Available for Appropriations 668,480 668,480 812,119 143,639 Charges to Appropriation (Outflow): General government 200,000 623,620 75,000 548,620 Total Charges to Appropriations 200,000 623,620 75,000 548,620 Budgetary Fund Balance, June 30 468,480$ 44,860$ 737,119$ 692,259$ 159 CITY OF PALM DESERT BUDGETARY COMPARISON SCHEDULE PARKS AND RECREATIONAL FACILITIES YEAR ENDED JUNE 30, 2018 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 3,896,337$ 3,896,337$ 3,896,337$ -$ Resources (Inflows): Investment earnings 500 500 1,043 543 Amounts Available for Appropriations 3,896,837 3,896,837 3,897,380 543 Charges to Appropriation (Outflow): Parks, recreation and culture - 20,000 - 20,000 Total Charges to Appropriations - 20,000 - 20,000 Budgetary Fund Balance, June 30 3,896,837$ 3,876,837$ 3,897,380$ 20,543$ 160 CITY OF PALM DESERT BUDGETARY COMPARISON SCHEDULE ART IN PUBLIC PLACES YEAR ENDED JUNE 30, 2018 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 1,448,355$1,448,355$1,448,355$-$ Resources (Inflows): Licenses and permits 205,700 205,700 181,645 (24,055) Investment earnings 6,000 6,000 19,729 13,729 Miscellaneous --826 826 Amounts Available for Appropriations 1,660,055 1,660,055 1,650,555 (9,500) Charges to Appropriation (Outflow): Parks, recreation and culture 149,950 170,808 107,013 63,795 Transfers out 200,000 200,000 159,664 40,336 Total Charges to Appropriations 349,950 370,808 266,677 104,131 Budgetary Fund Balance, June 30 1,310,105$1,289,247$1,383,878$94,631$ 161 CITY OF PALM DESERT BUDGETARY COMPARISON SCHEDULE SIGNALIZATION YEAR ENDED JUNE 30, 2018 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 102,343$ 102,343$ 102,343$ -$ Resources (Inflows): Investment earnings 300 300 1,266 966 Amounts Available for Appropriations 102,643 102,643 103,609 966 Charges to Appropriation (Outflow): Capital outlay - 35,000 - 35,000 Total Charges to Appropriations - 35,000 - 35,000 Budgetary Fund Balance, June 30 102,643$ 67,643$ 103,609$ 35,966$ 162 CITY OF PALM DESERT BUDGETARY COMPARISON SCHEDULE CAPITAL GOLF YEAR ENDED JUNE 30, 2018 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 2,907,142$ 2,907,142$ 2,907,142$ -$ Resources (Inflows): Investment earnings 30,000 30,000 57,941 27,941 Miscellaneous 1,948,606 1,948,606 2,038,219 89,613 Amounts Available for Appropriations 4,885,748 4,885,748 5,003,302 117,554 Charges to Appropriation (Outflow): Parks, recreation and culture 782,840 803,053 372,916 430,137 Transfers out 1,127,500 1,127,500 1,127,500 - Total Charges to Appropriations 1,910,340 1,930,553 1,500,416 430,137 Budgetary Fund Balance, June 30 2,975,408$ 2,955,195$ 3,502,886$ 547,691$ 163 CITY OF PALM DESERT BUDGETARY COMPARISON SCHEDULE BUILDINGS YEAR ENDED JUNE 30, 2018 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 3,638,345$ 3,638,345$ 3,638,345$ -$ Resources (Inflows): Investment earnings 17,500 17,500 42,742 25,242 Amounts Available for Appropriations 3,655,845 3,655,845 3,681,087 25,242 Charges to Appropriation (Outflow): General government 509,100 302,373 341,864 (39,491) Public safety 165,000 165,000 19,698 145,302 Capital outlay 45,000 572,360 44,727 527,633 Total Charges to Appropriations 719,100 1,039,733 406,289 633,444 Budgetary Fund Balance, June 30 2,936,745$ 2,616,112$ 3,274,798$ 658,686$ 164