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2020 05 13 FAC FINANCIAL ADVISORY COMMISSION AGENDA 1 MAY 13, 2020 REGULAR MEETING FINANCIAL ADVISORY COMMISSION AGENDA CITY HALL COUNCIL CHAMBERS 78-495 Calle Tampico, La Quinta REGULAR MEETING ON WEDNESDAY, MAY 13, 2020 AT 4:00 P.M. ****************************** SPECIAL NOTICE Teleconferencing and Telephonic Accessibility in Effect Pursuant to Executive Orders N-25-20, N-29-20, N-33-20, and N-35-20, executed by the Governor of California in response to the state of emergency relating to novel coronavirus disease 2019 (COVID-19) and enabling teleconferencing accommodations by suspending or waiving specified provisions in the Ralph M. Brown Act (Government Code § 54950 et seq.), members of the Financial Advisory Commission, the City Manager, City Attorney, City Staff, and City Consultants may participate in this meeting by teleconferenc e. Additionally, pursuant to the above-referenced executive orders, the public is not permitted to physically attend at City Hall the meeting to which this agenda applies, but any member of the public may listen or participate in the open session of this meeting as specified below. Members of the public wanting to listen to this meeting may do so by tuning-in live via https://laquinta.12milesout.com/video/live. Members of the public wanting to address the Financial Advisory Commission, either for public comment or for a specific agenda item, or both, are requested to send an email notification to the La Quinta Finance Department Management Assistant at jdelgado@LaQuintaCA.gov, and specify the following information: 1) Full Name 4) Public Comment or Agenda Item Number 2) City of Residence 5) Subject 3) Phone Number 6) Written or Verbal Comments The email “subject line” must clearly state “Written Comments” or “Verbal Comments.” Financial Advisory Commission agendas and staff reports are now available on the City’s web page: www.laquintaca.gov FINANCIAL ADVISORY COMMISSION AGENDA 2 MAY 13, 2020 REGULAR MEETING Verbal public comments – requests to speak must be emailed to the Finance Department Management Assistant no later than 3:00 p.m. on the day of the meeting; the City will facilitate the ability for a member of the public to be audible to the Financial Advisory Commission and general public for the item(s) by contacting him/her via phone and queuing him/her to speak during the discussion. Only one person at a time may speak by telephone and only after being recognized by the Financial Advisory Commission’s Chair. Written public comments, received prior to the adjournment of the meeting, will be distributed to the Financial Advisory Commission, incorporated into the agenda packet and public record of the meeting, and will not be read during the meeting unless, upon the request of the Financial Advisory Commission Chair, a brief summary of any public comment is asked to be read, to the extent the Finance Department Management Assistant can accommodate such request. It would be appreciated that any email communications for public comments r elated to the items on the agenda, or for general public comment, are provided to the Finance Department Management Assistant at the email address listed above prior to the commencement of the meeting. If that is not possible, and to accommodate public comments on items that may be added to the agenda after its initial posting or items that are on the agenda, every effort will be made to attempt to review emails received by the Finance Department Management Assistant during the course of the meeting. The Financial Advisory Commission’s Chair will endeavor to take a brief pause before action is taken on any agenda item to allow the Finance Department Management Assistant to review emails and share any public comments received during the meeting. All emails received by the Finance Department Management Assistant, at the email address above, until the adjournment of the meeting, will be included within the public record relating to the meeting. ****************************** CALL TO ORDER Roll Call: Commissioners: Batavick, Hoffner, Hunter, Rosen, Twohey and Chair Mills PLEDGE OF ALLEGIANCE PUBLIC COMMENT At this time members of the public may address the La Quinta Financial Advisory Commission on any matter not listed on the agenda. Please email “Written Public Comments” to jdelgado@laquintaca.gov and limit your comments to three minutes (approximately 350 words). The Commission values your comments; however, in accordance with State law, no action shall be taken on any item not appearing on the agenda unless it is an emergency item authorized by the Brown Act [Government Code Section 54954.2(b)]. CONFIRMATION OF AGENDA FINANCIAL ADVISORY COMMISSION AGENDA 3 MAY 13, 2020 REGULAR MEETING ANNOUNCEMENTS, PRESENTATIONS AND WRITTEN COMMUNICATIONS – None CONSENT CALENDAR NOTE: Consent Calendar items are routine in nature and can be approved by one motion. 1. Approve Minutes Dated February 12, 2020 2. Receive and File Revenue and Expenditure Report Dated December 31, 2019 3. Receive and File Revenue and Expenditure Report Dated January 31, 2020 4. Receive and File Revenue and Expenditure Report Dated February 29, 2020 5. Receive and File Revenue and Expenditure Report Dated March 31, 2020 BUSINESS SESSION 1. Receive and File the Comprehensive Annual Financial Report for Year Ending June 30, 2019 2. Receive and File the Third Quarter 2019/20 Treasury Reports for January, February, and March 2020 3. Appoint Two Commissioners to Serve on the Review and Selection Committee for Request for Proposals for Federal Emergency Management Agency Project Administration Services 4. Receive and File Fiscal Year 2019/20 Third Quarter Budget Report STUDY SESSION 1. Discuss Projects Included in the 2020/21 Through 2024/25 Capital Improvement Programs 2. Discuss Fiscal Year 2020/21 Preliminary Proposed Budget 3. Discuss Fiscal Year 2020/21 Investment Policy DEPARTMENTAL REPORTS 1. Finance Department Current and Future Initiatives 2. Fourth Quarter 2019 (October–December) Sales Tax Update for the City of La Quinta 3. Extending Term Limits of Members Serving on City Boards, Commissions, and Committees for One Additional Year Due to Novel Coronavirus Disease (COVID- 19) COMMISSIONERS’ ITEMS 1. Subcommittee Update on City’s COVID-19 Small Business Emergency Economic Relief Program 2. Commission Engagement Strategy to Allow Ability to Act Proactively versus Reactively ADJOURNMENT The Commission will hold a special meeting on June 3, 2020, commencing at 4:00 p.m., at the City Hall Council Chambers, 78-495 Calle Tampico, La Quinta, CA 92253. FINANCIAL ADVISORY COMMISSION AGENDA 4 MAY 13, 2020 REGULAR MEETING DECLARATION OF POSTING I, Jessica Delgado, Management Assistant, of the City of La Quinta, do hereby declare that the foregoing Agenda for the Financial Advisory Commission meeting was posted on the City’s website, near the entrance to the Council Chamber at 78-495 Calle Tampico, and the bulletin boards at 78-630 Highway 111, and 51-321 Avenida Bermudas, on May 7, 2020. DATED: May 7, 2020 Jessica Delgado, Management Assistant City of La Quinta, California Public Notices The La Quinta City Study Session Room is handicapped accessible. If special equipment is needed for the hearing impaired, please call the City Clerk’s office at (760) 777-7092, twenty- four (24) hours in advance of the meeting and accommodations will be made. If special electronic equipment is needed to make presentations to the Commission, arrangements should be made in advance by contacting the City Clerk’s office at (760) 777-7092. A one (1) week notice is required. If background material is to be presented to the Commission during a Commission meeting, please be advised that eight (8) copies of all documents, exhibits, etc., must be supplied to the Management Assistant for distribution. It is requested that this take place prior to the beginning of the meeting. Any Writings or documents provided to a majority of the Commission regarding any item(s) on the agenda will be made available for public inspection at the Community Development counter at City Hall located at 78-495 Calle Tampico, La Quinta, California, 92253, during normal business hours. FINANCIAL ADVISORY COMMISSION MINUTES 1 FEBRUARY 12, 2020 REGULAR QUARTERLY MEETING FINANCIAL ADVISORY COMMISSION MINUTES WEDNESDAY, FEBRUARY 12, 2020 CALL TO ORDER A regular quarterly meeting of the Financial Advisory Commission (Commission) was called to order at 4:00 p.m. by Chairperson Mills. PRESENT: Commissioners Batavick, Hoffner, Hunter, Rosen, Twohey and Chairperson Mills ABSENT: None VACANCY: One PLEDGE OF ALLEGIANCE Commissioner Hoffner led the audience in the Pledge of Allegiance. PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA – None CONFIRMATION OF AGENDA Finance Director Romero requested that Partnership Specialist Doug Hassett, from the Department of Commerce with the U.S. Census Bureau, give a presentation on the 2020 Census under Announcements Presentations, and Written Communications. The Commission concurred. ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS Partnership Specialist Hassett, from the Department of Commerce with the U.S. Census Bureau, Los Angeles Regional Census Center, gave a presentation on the history of the US Census Bureau; explained the purpose and use of data collection; gave a brief overview on how to participate in the 2020 Census and why it is important. CONSENT CALENDAR ITEMS 1.APPROVE MINUTES DATED NOVEMBER 13, 2019 2.RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED SEPTEMBER 30, 2019 3.RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED OCTOBER 31, 2019 4.RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED NOVEMBER 30, 2019 CONSENT CALENDAR ITEM NO. 1 FINANCIAL ADVISORY COMMISSION MINUTES 2 FEBRUARY 12, 2020 REGULAR QUARTERLY MEETING 5. RECEIVE AND FILE THE SECOND QUARTER 2019/20 TREASURY REPORTS FOR OCTOBER, NOVEMBER, AND DECEMBER 2019 Financial Services Analyst Hallick explained the cashflow cycles pertaining to the City’s revenue and expenditures. General discussion followed regarding the approximate 2% investment portfolio rate of return and specific returns by investment type; the decrease in market values for investments; and how the numbers shown for revenues and expenditures are a total budget and not a year-to-date. Staff explained the yield to maturity to equivalent found on the front page of the investment portfolio, standard delays that occur when receiving revenues, payment cycle for expenditures, and the potential mid-year adjustments that relate to investments. Motion – A motion was made and seconded by Commissioners Rosen/Hoffner to approve the Consent Calendar, as submitted. Motion passed: ayes 6, noes 0, vacancy 1. BUSINESS SESSION 1. RECEIVE AND FILE FISCAL YEAR 2019/20 MID-YEAR BUDGET REPORT Finance Director Romero presented the staff report, which is on file in the Finance Department. The Commission and Staff discussed the causes for short-term vacation rental transient occupant tax adjustments after the annual budget is adopted; the pension trust liability in the General Fund reserves and its current deficit. Staff explained that the performance portfolio for the pension trust is passively managed by Public Agency Retirement Services (PARs), which was the investment strategy recommended by an FAC subcommittee. General discussion followed regarding the process for budget adjustments within a fiscal year; project consultant grant reimbursements; and the City’s reorganization, newly formed Public Works Division, and its efficiencies. Motion – A motion was made and seconded by Commissioners Batavick/Hunter to receive and file Fiscal Year 2019/20 Mid-year Budget Report, as submitted. Motion passed: ayes 6, noes 0, vacancy 1. STUDY SESSION 1. HIGHWAY 111 CORRIDOR AREA PLAN (Plan) Planning Manager Flores and Design and Development Director Castro presented the staff report, which is on file in the Finance Department. General discussion followed regarding the possibility of creating golf cart lanes on the North side to connect the Highway 111 Corridor with the proposed cultural trail; process of funding mechanisms and allocating funding for business improvement districts; City design and implementation guidelines; process for allocating the budgeted yearly Measure G funds for the Plan; other possible funding sources such as partnerships with local businesses to share the costs, CV link, and exploring grant opportunities; status of FINANCIAL ADVISORY COMMISSION MINUTES 3 FEBRUARY 12, 2020 REGULAR QUARTERLY MEETING the dealerships’ sign program and the City’s contribution for the signs; and the cost and concept of the vision for the Highway 111 Corridor. The Commission requested Staff provide a quarterly update on the Plan implementation and how Measure G funds are being used. Staff agreed and mentioned that the Commission can recommend some parameters or priorities for the allocation of Measure G funds within this Plan. 2. COMMUNITY WORKSHOP RECAP Finance Director Romero presented the staff report, which is on file in the Finance Department. The Commission and Staff discussed the City’s general plan and the relevance to the identified priorities from the 2020 Community Workshop. Staff provided the Commission with the updated 10-year General Fund revenue and expense projections. Commissioner’s that attended the workshop provided thoughts and commented how the workshop was well organized. The Commission commented that having a workshop provides testimony to the City’s great civic engagement and thanked staff for continuously providing the Commission with updates on the 10-year General Fund projections. DEPARTMENTAL REPORTS Staff provided an update on all departmental report items, which are on file in the Finance Department. 1. THIRD QUARTER 2019 (JULY – SEPTEMBER) SALES TAX UPDATE FOR THE CITY OF LA QUINTA General discussion took place on the top 25 businesses contributing to Bradley Burns and Measure G sales taxes. The Commission suggested having a 3-year comparison for the sales tax update. Staff said it is done internally and explained that what is provided to the Commission are actual numbers, which are more relevant in the financial statements. Further discussion followed on how actual revenues are tracked by Finance; a comparison of different sales tax quarters; and how property tax designations have recently changed. COMMISSIONER HOFFNER LEFT THE MEETING AT 6:00 P.M. 2. UPDATE ON THE COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR YEAR ENDING JUNE 30, 2019 Staff announced that the Comprehensive Annual Financial Report (CAFR) for year ending June 30, 2019 is scheduled to be presented to Council on February 18, 2020 and the City’s contracted auditing firm and Staff will present the CAFR to the Commission at a special meeting on March 18, 2020. FINANCIAL ADVISORY COMMISSION MINUTES 4 FEBRUARY 12, 2020 REGULAR QUARTERLY MEETING The Commission and Staff discussed the causes for an extension to file the CAFR; requirements for obtaining an extension; the steps staff is taking to prevent filing extensions in the future; and the most significant items included in the CAFR. 3. UPDATE ON THE ADOPTED DEVELOPMENT IMPACT FEES PURSUANT TO THE 2019 DEVELOPMENT IMPACT FEE (DIF) STUDY Staff said Council approved the Development Impact Fees (Fees) to the 2019 DIF Study during the February 4, 2020 Council meeting implementing a 2-year phased in approach with no discount of any of those fees after the 2-years. Further discussion followed regarding the adopted Fees. 4. FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES Staff provided an update on the implementation for new banking services. General discussion followed on the activities listed on the staff report that are performed by the City’s Finance Department in addition to their daily required operational responsibilities. COMMISSIONERS’ ITEMS The Commission inquired about topics that would be discussed during the Commission’s special meeting scheduled on March 18, 2020. Staff said the major items would be the CAFR, preliminary proposed Capital improvement Project budget, and the preliminary General Fund budget projections. Staff mentioned that an update on the private Silver Rock Development project would be requested for City Council with a discussion to follow at a future Commission meeting and the progress of the SilverRock event space can be found on the City’s website at https://www.laquintaca.gov/about-us/news-press- releases under Items of Interest for the City. ADJOURNMENT There being no further business, it was moved and seconded by Commissioners Twohey/Rosen to adjourn this meeting at 6:34 p.m. Motion passed: ayes 5, noes 0, absent 1 (Hoffner), vacancy 1. Respectfully submitted, Jessica Delgado, Management Assistant City of La Quinta, California City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING: April 8, 2020 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED DECEMBER 31, 2019 RECOMMENDATION Receive and file revenue and expenditure report dated December 31, 2019. EXECUTIVE SUMMARY • The report summarizes the City’s year-to-date (YTD) revenues and period expenditures for December 2019 (Attachment 1). • These reports are also reviewed by the City Council. FISCAL IMPACT – None BACKGROUND/ANALYSIS Below is a summary of the column headers used on the Revenue and Expenditure Summary Reports: Original Total Budget – represents revenue and expenditure budgets the Council adopted in June 2019 for fiscal year 2019/20. Current Total Budget – represents original adopted budgets plus any Council approved budget amendments from throughout the year. Period Activity – represents actual revenues received and expenditures outlaid in the reporting month. Fiscal Activity – represents actual revenues received and expenditures outlaid YTD. Variance Favorable/(Unfavorable) - represents the dollar difference between YTD collections/expenditures and the current budgeted amount. Percent Used – represents the percentage activity as compared to budget YTD. CONSENT CALENDAR ITEM NO. 2 The revenue report includes revenues and transfers into funds from other funds (income items). Revenues are not received uniformly throughout the year, resulting in peaks and valleys. For example, large property tax payments are usually received in December and May. Similarly, Redevelopment Property Tax Trust Fund payments are typically received in January and June. Any timing imbalance of revenue receipts versus expenditures is funded from the City’s cash flow reserve. The expenditure report includes expenditures and transfers out to other funds. Unlike revenues, expenditures are more likely to be consistent from month to month. However, large debt service payments or CIP expenditures can cause swings. Prepared by: Rosemary Hallick, Financial Services Analyst Approved by: Karla Romero, Finance Director Attachment 1: Revenue and Expenditure Report for December 31, 2019 MTD YTD YTD Percent of Budget General Fund 5,425,075$ 15,465,186$ 26.16% All Funds 14,196,952$ 30,101,980$ 23.88% MTD YTD YTD Percent of Budget General Fund 7,381,784$ 20,565,856$ 35.32% Payroll - General Fund 842,424$ 5,175,067$ 46.12% All Funds 11,689,282$ 48,543,188$ 42.46% December Revenues December Expenditures General Fund Non-General Fund Property Tax 2,018,936$ Transfers In - Capital Improvement (CIP) Fund(1)3,863,090$ Transient Occupancy (Hotel) Tax 1,224,570$ Transfers In - Lighting & Landscape District 1,294,700$ Measure G 947,031$ Gas Tax Fund Income and Transfers In 1,005,510$ Sales Tax 862,350$ Interest Earnings 388,152$ Document Transfer Tax 95,938$ Technology Support Internal Service Fund (2)341,125$ General Fund Non-General Fund Transfers Out(3)5,267,570$ CIP-Construction(5)1,601,674$ Park Equipment Maintenance (4) 168,500$ Transfers Out - Gas Tax Fund to CIP 555,763$ Liability Insurance & Claims (4)110,000$ Transfers Out - Quimby Fund to CIP 517,478$ Contract Legal Services 89,218$ CIP-Land Acquisition(6)221,382$ Parks Landscape Maintenance 41,890$ Liability Insurance Premium 166,846$ Top Five Revenue/Income Sources for December Top Five Expenditures/Outlays for December (3) Transfers out to Gas Tax, Lighting and Landscape District, SilverRock, Art in Public Places, Internal Service for Technology Support, and Capital Improvement Program (CIP) Funds as approved in the 2019/20 budget. (5) CIP Construction: Hwy 111 sidewalk improvements, Dune Palms Road widening, Village Complete Streets, SilverRock event space, Eisenhower Drive drainage improvements, and LaQuinta Highlands landscape project. (1) Transfers in to the Capital Improvement Fund are from General Fund, Quimby, Gas Tax, and Measure A sources. (2) Internal Service Funds are used to account for activites involved in rendering services to departments within the City; quarterly journal entries move revenue into these funds. (6) CIP Land Acquisition: Payment to the State of California Condemnation fund in relation to land for Dune Palms bridge project. (4) These charges in the General Fund represent quarterly contributions to the Internal Service Funds. For Fiscal: 2019/20 Period Ending: 12/31/2019 3/4/2020 Page 1 of 2 Revenue Summary Fiscal Activity Variance Favorable (Unfavorable)Fund Period Activity Current Total Budget Original Total Budget Percent Used 101 - GENERAL FUND 15,465,1865,425,07557,847,200 59,124,869 -43,659,683 26.16 % 201 - GAS TAX FUND 1,558,5021,005,5102,360,900 2,357,400 -798,898 66.11 % 202 - LIBRARY & MUSEUM FUND 250,5574782,752,000 2,752,000 -2,501,443 9.10 % 203 - PUBLIC SAFETY FUND (MEASURE G)-3,24403,200 3,200 -6,444 101.37 % 210 - FEDERAL ASSISTANCE FUND 2,1040123,200 145,167 -143,063 1.45 % 212 - SLESA (COPS) FUND 80,5188,333100,500 100,500 -19,982 80.12 % 215 - LIGHTING & LANDSCAPING FUND 1,309,8841,294,7002,274,200 2,274,200 -964,316 57.60 % 220 - QUIMBY FUND -9,5170140,000 140,000 -149,517 6.80 % 221 - AB 939 - CALRECYCLE FUND 6,96284870,000 70,000 -63,038 9.95 % 223 - MEASURE A FUND 129,36201,311,300 1,311,300 -1,181,938 9.87 % 224 - TUMF FUND -1,249000 -1,249 0.00 % 225 - INFRASTRUCTURE FUND -610300300 -361 20.27 % 226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG)-19012,000 12,000 -12,019 0.16 % 230 - CASp FUND, AB 1379 10,0771,65621,200 21,200 -11,123 47.53 % 231 - SUCCESSOR AGCY PA 1 RORF 23,8887,32420,539,264 20,539,264 -20,515,376 0.12 % 235 - SO COAST AIR QUALITY FUND -278053,500 53,500 -53,778 0.52 % 237 - SUCCESSOR AGCY PA 1 ADMIN -50401,500 13,505 -14,009 3.74 % 241 - HOUSING AUTHORITY 179,98424,593448,000 1,688,256 -1,508,272 10.66 % 243 - RDA LOW-MOD HOUSING FUND -5,807022,000 40,000 -45,807 14.52 % 247 - ECONOMIC DEVELOPMENT FUND -8,346000 -8,346 0.00 % 248 - SA 2004 LO/MOD BOND FUND (Refinanced in 2014)724000 724 0.00 % 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)195,50895,189270,000 350,000 -154,492 55.86 % 250 - TRANSPORTATION DIF FUND 276,371103,614395,000 395,000 -118,629 69.97 % 251 - PARKS & REC DIF FUND 133,7078,192306,000 306,000 -172,293 43.69 % 252 - CIVIC CENTER DIF FUND 69,89611,068110,000 110,000 -40,104 63.54 % 253 - LIBRARY DEVELOPMENT DIF 23,0481,37645,000 45,000 -21,952 51.22 % 254 - COMMUNITY CENTER DIF 8,19751622,000 22,000 -13,803 37.26 % 255 - STREET FACILITY DIF FUND 11,3024,25923,000 23,000 -11,698 49.14 % 256 - PARK FACILITY DIF FUND 2,6801607,000 7,000 -4,320 38.28 % 257 - FIRE PROTECTION DIF 32,1235,08055,000 55,000 -22,877 58.41 % 270 - ART IN PUBLIC PLACES FUND 144,900108,167160,500 160,500 -15,600 90.28 % 275 - LQ PUBLIC SAFETY OFFICER 1,8792,0002,600 2,600 -721 72.25 % 299 - INTEREST ALLOCATION FUND 1,712,207388,15200 1,712,207 0.00 % 310 - LQ FINANCE AUTHORITY DEBT SERVICE 001,000 1,000 -1,000 0.00 % 401 - CAPITAL IMPROVEMENT PROGRAMS 4,849,2753,863,09021,222,000 25,414,277 -20,565,002 19.08 % 405 - SA PA 1 CAPITAL IMPRV FUND -17,4240100,000 100,000 -117,424 17.42 % 501 - FACILITY & FLEET REPLACEMENT 425,683217,300900,200 900,200 -474,517 47.29 % 502 - INFORMATION TECHNOLOGY 789,672442,6151,394,400 1,494,400 -704,728 52.84 % 503 - PARK EQUIP & FACILITY FUND 327,237168,500719,000 719,000 -391,764 45.51 % 504 - INSURANCE FUND 466,696233,350929,500 929,500 -462,804 50.21 % 601 - SILVERROCK RESORT 1,371,719645,9664,105,600 4,105,600 -2,733,881 33.41 % 602 - SILVERROCK GOLF RESERVE -1,20705,500 5,500 -6,707 21.94 % 735 - 97-1 AGENCY REDEMPTION FUND -82000 -82 0.00 % 760 - SUPPLEMENTAL PENSION PLAN 4,7035,0007,000 7,000 -2,297 67.19 % 761 - CERBT OPEB TRUST 96,01364,19740,000 40,000 56,013 240.03 % 762 - PARS PENSION TRUST 189,15560,642200,000 200,000 -10,845 94.58 % Report Total:14,196,952 30,101,980119,100,564 126,039,238 -95,937,258 23.88 % ATTACHMENT 1 Accounts are subject to adjusting entries and audit. The City's Comprehensive Annual Financial Report (CAFR), published annually, is the best resource for all final audited numbers. For Fiscal: 2019/20 Period Ending: 12/31/2019 3/4/2020 Page 2 of 2 Expenditure Summary Fiscal Activity Variance Favorable (Unfavorable)Fund Period Activity Current Total Budget Original Total Budget Percent Used 101 - GENERAL FUND 20,565,8567,381,78455,638,500 58,223,191 37,657,335 35.32 % 201 - GAS TAX FUND 1,170,296724,0592,360,900 2,400,500 1,230,204 48.75 % 202 - LIBRARY & MUSEUM FUND 411,85227,2842,419,100 2,541,100 2,129,248 16.21 % 210 - FEDERAL ASSISTANCE FUND 2,1042,104123,200 145,167 143,063 1.45 % 212 - SLESA (COPS) FUND 4,9810100,000 100,000 95,019 4.98 % 215 - LIGHTING & LANDSCAPING FUND 881,803168,6282,274,200 2,465,200 1,583,397 35.77 % 220 - QUIMBY FUND 535,806517,478263,000 263,000 -272,806 203.73 % 221 - AB 939 - CALRECYCLE FUND 26,8259,73750,000 180,000 153,175 14.90 % 223 - MEASURE A FUND 110,57365,9881,298,300 1,304,300 1,193,727 8.48 % 225 - INFRASTRUCTURE FUND 1,323001,500 177 88.18 % 226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG)0012,000 12,000 12,000 0.00 % 230 - CASp FUND, AB 1379 1,6584684,600 5,600 3,942 29.60 % 231 - SUCCESSOR AGCY PA 1 RORF 13,120,36108,394,963 8,405,468 -4,714,893 156.09 % 235 - SO COAST AIR QUALITY FUND 6,7635,71091,500 111,500 104,737 6.07 % 237 - SUCCESSOR AGCY PA 1 ADMIN 1,950012,005 13,505 11,555 14.44 % 241 - HOUSING AUTHORITY 301,74982,746609,300 990,957 689,208 30.45 % 243 - RDA LOW-MOD HOUSING FUND 100,000100,000250,000 351,000 251,000 28.49 % 248 - SA 2004 LO/MOD BOND FUND (Refinanced in 2014)1,73900390,500 388,761 0.45 % 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)0020,000 60,000 60,000 0.00 % 250 - TRANSPORTATION DIF FUND 401,3230483,700 485,200 83,877 82.71 % 251 - PARKS & REC DIF FUND 1,323001,500 177 88.18 % 252 - CIVIC CENTER DIF FUND 1,3240130,000 1,500 176 88.26 % 253 - LIBRARY DEVELOPMENT DIF 17,2017,31732,000 33,500 16,299 51.35 % 254 - COMMUNITY CENTER DIF 1,323001,500 177 88.18 % 255 - STREET FACILITY DIF FUND 1,323030,000 1,500 177 88.18 % 256 - PARK FACILITY DIF FUND 1,32306,000 1,500 177 88.18 % 257 - FIRE PROTECTION DIF 1,32307,500 1,500 177 88.18 % 270 - ART IN PUBLIC PLACES FUND 4,432632160,000 160,000 155,568 2.77 % 310 - LQ FINANCE AUTHORITY DEBT SERVICE 001,000 1,000 1,000 0.00 % 401 - CAPITAL IMPROVEMENT PROGRAMS 6,858,1571,956,28421,222,000 25,769,766 18,911,609 26.61 % 405 - SA PA 1 CAPITAL IMPRV FUND 52,82645,0940520,679 467,853 10.15 % 501 - FACILITY & FLEET REPLACEMENT 379,90591,781898,200 1,394,200 1,014,295 27.25 % 502 - INFORMATION TECHNOLOGY 730,442113,5341,390,400 1,980,600 1,250,158 36.88 % 503 - PARK EQUIP & FACILITY FUND 134,7869,325700,000 975,036 840,250 13.82 % 504 - INSURANCE FUND 778,6975,887870,500 870,500 91,803 89.45 % 601 - SILVERROCK RESORT 1,907,301369,9424,185,700 4,153,200 2,245,899 45.92 % 760 - SUPPLEMENTAL PENSION PLAN 12,833012,850 12,850 17 99.87 % 761 - CERBT OPEB TRUST 71136000 -711 0.00 % 762 - PARS PENSION TRUST 10,9963,14000 -10,996 0.00 % Report Total:11,689,282 48,543,188104,051,418 114,330,019 65,786,831 42.46 % Accounts are subject to adjusting entries and audit. The City's Comprehensive Annual Financial Report (CAFR), published annually, is the best resource for all final audited numbers. City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING: May 13, 2020 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED JANUARY 31, 2020 RECOMMENDATION Receive and file revenue and expenditure report dated January 31, 2020. EXECUTIVE SUMMARY •The report summarizes the City’s year-to-date (YTD) revenues and period expenditures for January 2020 (Attachment 1). •These reports are also reviewed by the City Council. FISCAL IMPACT – None BACKGROUND/ANALYSIS Below is a summary of the column headers used on the Revenue and Expenditure Summary Reports: Original Total Budget – represents revenue and expenditure budgets the Council adopted in June 2019 for fiscal year 2019/20. Current Total Budget – represents original adopted budgets plus any Council approved budget amendments from throughout the year. Period Activity – represents actual revenues received and expenditures outlaid in the reporting month. Fiscal Activity – represents actual revenues received and expenditures outlaid YTD. Variance Favorable/(Unfavorable) - represents the dollar difference between YTD collections/expenditures and the current budgeted amount. Percent Used – represents the percentage activity as compared to budget YTD. CONSENT CALENDAR ITEM NO. 3 The revenue report includes revenues and transfers into funds from other funds (income items). Revenues are not received uniformly throughout the year, resulting in peaks and valleys. For example, large property tax payments are usually received in December and May. Similarly, Redevelopment Property Tax Trust Fund payments are typically received in January and June. Any timing imbalance of revenue receipts versus expenditures is funded from the City’s cash flow reserve. The expenditure report includes expenditures and transfers out to other funds. Unlike revenues, expenditures are more likely to be consistent from month to month. However, large debt service payments or CIP expenditures can cause swings. Prepared by: Rosemary Hallick, Financial Services Analyst Approved by: Karla Romero, Finance Director Attachment 1: Revenue and Expenditure Report for January 31, 2020 MTD YTD YTD Percent of Budget General Fund 4,897,199$ 20,821,618$ 35.22% All Funds 13,729,992$ 43,818,503$ 34.74% MTD YTD YTD Percent of Budget General Fund 2,276,823$ 22,842,679$ 39.23% Payroll - General Fund 670,111$ 5,845,179$ 52.09% All Funds 5,716,234$ 54,259,422$ 47.42% January Expenditures January Revenues General Fund Non-General Fund Property Tax 1,383,250$ County Government Revenue(1)7,425,657$ Measure G 1,057,895$ SilverRock Greens Fees 390,715$ Sales Tax 964,702$ County Sales Tax (Measure A)254,969$ Transient Occupancy (Hotel) Tax 954,314$ Developer Agreement Funding(2)200,000$ Fire Service Credit 93,283$ Gas Tax 191,005$ General Fund Non-General Fund Sheriff Contract (October)1,182,493$ CIP-Construction(3)2,180,979$ Greater Palm Springs Convention Bureau 63,375$ SilverRock Maintenance 138,434$ Parks Landscape Maintenance 41,890$ CIP-Design(4)114,312$ Contract Traffic Engineer 39,340$ Lighting & Landscape Maintenance 67,658$ Marketing and Tourism Promotions 26,472$ Museum Operations 48,750$ (3) CIP Construction: Village Complete Streets, SilverRock event space, Hwy Safety Improvement Program (HSIP) interconnect project. (4) CIP Design: SilverRock phase II infrastructure improvements, Washington and Fred Waring triple left project, Village Complete Streets, Cover restrooms. Top Five Revenue/Income Sources for January Top Five Expenditures/Outlays for January (1)For Redevelopment Successor Agency semi-annual debt service obligations. (2)Contributions to the Washington Street and Fred Waring intersection triple left turn lane project from the cities of Palm Desert and Indian Wells. ATTACHMENT 1 For Fiscal: 2019/20 Period Ending: 01/31/2020 3/31/2020 Page 1 of 2 Revenue Summary Fiscal AcƟvity Variance Favorable (Unfavorable)Fund Period AcƟvity Current Total Budget Original Total Budget Percent Used 101 - GENERAL FUND 20,821,6184,897,19957,847,200 59,124,869 -38,303,251 35.22 % 201 - GAS TAX FUND 1,753,298191,0052,360,900 2,357,400 -604,102 74.37 % 202 - LIBRARY & MUSEUM FUND 293,3625212,752,000 2,752,000 -2,458,638 10.66 % 203 - PUBLIC SAFETY FUND (MEASURE G)4,07403,200 3,200 874 127.31 % 210 - FEDERAL ASSISTANCE FUND 2,1040123,200 145,167 -143,063 1.45 % 212 - SLESA (COPS) FUND 89,7208,333100,500 100,500 -10,780 89.27 % 215 - LIGHTING & LANDSCAPING FUND 1,310,85602,274,200 2,274,200 -963,344 57.64 % 220 - QUIMBY FUND 11,8360140,000 140,000 -128,164 8.45 % 221 - AB 939 - CALRECYCLE FUND 12,136070,000 70,000 -57,864 17.34 % 223 - MEASURE A FUND 393,898254,9691,311,300 1,311,300 -917,402 30.04 % 224 - TUMF FUND -994000 -994 0.00 % 225 - INFRASTRUCTURE FUND 610300300 -239 20.26 % 226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG)24012,000 12,000 -11,976 0.20 % 230 - CASp FUND, AB 1379 12,3562,13621,200 21,200 -8,844 58.29 % 231 - SUCCESSOR AGCY PA 1 RORF 7,449,5527,425,66420,539,264 20,539,264 -13,089,712 36.27 % 235 - SO COAST AIR QUALITY FUND 367053,500 53,500 -53,133 0.69 % 237 - SUCCESSOR AGCY PA 1 ADMIN 11,12810,5051,500 13,505 -2,377 82.40 % 241 - HOUSING AUTHORITY 272,40124,506448,000 1,688,256 -1,415,855 16.14 % 243 - RDA LOW-MOD HOUSING FUND 7,293022,000 40,000 -32,707 18.23 % 247 - ECONOMIC DEVELOPMENT FUND 10,482000 10,482 0.00 % 248 - SA 2004 LO/MOD BOND FUND (Refinanced in 2014)3,119000 3,119 0.00 % 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)198,0390270,000 350,000 -151,961 56.58 % 250 - TRANSPORTATION DIF FUND 329,69939,788395,000 395,000 -65,301 83.47 % 251 - PARKS & REC DIF FUND 170,74428,672306,000 306,000 -135,256 55.80 % 252 - CIVIC CENTER DIF FUND 83,64513,042110,000 110,000 -26,355 76.04 % 253 - LIBRARY DEVELOPMENT DIF 27,8644,81645,000 45,000 -17,136 61.92 % 254 - COMMUNITY CENTER DIF 11,0231,80622,000 22,000 -10,977 50.10 % 255 - STREET FACILITY DIF FUND 13,0111,62423,000 23,000 -9,989 56.57 % 256 - PARK FACILITY DIF FUND 3,2405607,000 7,000 -3,760 46.28 % 257 - FIRE PROTECTION DIF 38,4315,99555,000 55,000 -16,569 69.87 % 270 - ART IN PUBLIC PLACES FUND 151,1322,663160,500 160,500 -9,368 94.16 % 275 - LQ PUBLIC SAFETY OFFICER 2,15302,600 2,600 -447 82.79 % 299 - INTEREST ALLOCATION FUND 1,032,811112,67200 1,032,811 0.00 % 310 - LQ FINANCE AUTHORITY DEBT SERVICE 001,000 1,000 -1,000 0.00 % 401 - CAPITAL IMPROVEMENT PROGRAMS 5,049,275200,00021,222,000 25,511,977 -20,462,702 19.79 % 405 - SA PA 1 CAPITAL IMPRV FUND 21,8330100,000 100,000 -78,167 21.83 % 501 - FACILITY & FLEET REPLACEMENT 446,1930900,200 900,200 -454,007 49.57 % 502 - INFORMATION TECHNOLOGY 798,3312,1551,394,400 1,494,400 -696,069 53.42 % 503 - PARK EQUIP & FACILITY FUND 350,0950719,000 719,000 -368,905 48.69 % 504 - INSURANCE FUND 466,6960929,500 929,500 -462,804 50.21 % 601 - SILVERROCK RESORT 1,818,136446,4174,105,600 4,105,600 -2,287,464 44.28 % 602 - SILVERROCK GOLF RESERVE 1,95205,500 5,500 -3,548 35.49 % 735 - 97-1 AGENCY REDEMPTION FUND 103000 103 0.00 % 760 - SUPPLEMENTAL PENSION PLAN 5,29207,000 7,000 -1,708 75.60 % 761 - CERBT OPEB TRUST 96,013040,000 40,000 56,013 240.03 % 762 - PARS PENSION TRUST 244,10054,945200,000 200,000 44,100 122.05 % Report Total:13,729,992 43,818,503119,100,564 126,136,938 -82,318,435 34.74 % Accounts are subject to adjusting entries and audit. The City's Comprehensive Annual Financial Report (CAFR), published annually in December, is the best resource for all final audited numbers. For Fiscal: 2019/20 Period Ending: 01/31/2020 3/31/2020 Page 2 of 2 Expenditure Summary Fiscal AcƟvity Variance Favorable (Unfavorable)Fund Period AcƟvity Current Total Budget Original Total Budget Percent Used 101 - GENERAL FUND 22,842,6792,276,82355,638,500 58,223,191 35,380,512 39.23 % 201 - GAS TAX FUND 1,234,75164,4552,360,900 2,400,500 1,165,749 51.44 % 202 - LIBRARY & MUSEUM FUND 514,654102,8022,419,100 2,541,100 2,026,446 20.25 % 210 - FEDERAL ASSISTANCE FUND 2,1040123,200 145,167 143,063 1.45 % 212 - SLESA (COPS) FUND 25,30720,326100,000 100,000 74,693 25.31 % 215 - LIGHTING & LANDSCAPING FUND 1,028,333146,5312,274,200 2,465,200 1,436,867 41.71 % 220 - QUIMBY FUND 535,8060263,000 263,000 -272,806 203.73 % 221 - AB 939 - CALRECYCLE FUND 33,3826,55750,000 180,000 146,618 18.55 % 223 - MEASURE A FUND 118,4507,8771,298,300 1,304,300 1,185,850 9.08 % 225 - INFRASTRUCTURE FUND 1,4108701,500 90 94.00 % 226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG)0012,000 12,000 12,000 0.00 % 230 - CASp FUND, AB 1379 1,65804,600 5,600 3,942 29.60 % 231 - SUCCESSOR AGCY PA 1 RORF 13,130,86610,5058,394,963 8,405,468 -4,725,398 156.22 % 235 - SO COAST AIR QUALITY FUND 45,11038,34791,500 111,500 66,390 40.46 % 237 - SUCCESSOR AGCY PA 1 ADMIN 9,7507,80012,005 13,505 3,755 72.20 % 241 - HOUSING AUTHORITY 346,29744,549609,300 990,957 644,660 34.95 % 243 - RDA LOW-MOD HOUSING FUND 100,0000250,000 351,000 251,000 28.49 % 248 - SA 2004 LO/MOD BOND FUND (Refinanced in 2014)1,73900 390,500 388,761 0.45 % 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)0020,000 60,000 60,000 0.00 % 250 - TRANSPORTATION DIF FUND 401,41087483,700 485,200 83,790 82.73 % 251 - PARKS & REC DIF FUND 1,4108701,500 90 94.00 % 252 - CIVIC CENTER DIF FUND 1,41187130,000 1,500 89 94.08 % 253 - LIBRARY DEVELOPMENT DIF 17,2888732,000 33,500 16,212 51.61 % 254 - COMMUNITY CENTER DIF 1,4108701,500 90 94.00 % 255 - STREET FACILITY DIF FUND 1,4108730,000 1,500 90 94.00 % 256 - PARK FACILITY DIF FUND 1,410876,000 1,500 90 94.00 % 257 - FIRE PROTECTION DIF 1,410877,500 1,500 90 94.00 % 270 - ART IN PUBLIC PLACES FUND 4,532100160,000 160,000 155,468 2.83 % 310 - LQ FINANCE AUTHORITY DEBT SERVICE 001,000 1,000 1,000 0.00 % 401 - CAPITAL IMPROVEMENT PROGRAMS 9,220,8482,362,69121,222,000 25,867,466 16,646,618 35.65 % 405 - SA PA 1 CAPITAL IMPRV FUND 52,82600 520,679 467,853 10.15 % 501 - FACILITY & FLEET REPLACEMENT 474,58694,681898,200 1,394,200 919,614 34.04 % 502 - INFORMATION TECHNOLOGY 928,773198,3311,390,400 1,980,600 1,051,827 46.89 % 503 - PARK EQUIP & FACILITY FUND 134,7860700,000 975,036 840,250 13.82 % 504 - INSURANCE FUND 787,9289,231870,500 870,500 82,572 90.51 % 601 - SILVERROCK RESORT 2,227,975320,6744,185,700 4,153,200 1,925,225 53.64 % 760 - SUPPLEMENTAL PENSION PLAN 12,833012,850 12,850 17 99.87 % 761 - CERBT OPEB TRUST 711000 -711 0.00 % 762 - PARS PENSION TRUST 14,1673,17100 -14,167 0.00 % Report Total:5,716,234 54,259,422104,051,418 114,427,719 60,168,297 47.42 % Accounts are subject to adjusting entries and audit. The City's Comprehensive Annual Financial Report (CAFR), published annually in December, is the best resource for all final audited numbers. City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING: May 13, 2020 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED FEBRUARY 29, 2020 RECOMMENDATION Receive and file revenue and expenditure report dated February 29, 2020. EXECUTIVE SUMMARY •The report summarizes the City’s year-to-date (YTD) revenues and period expenditures for February 2020 (Attachment 1). •These reports are also reviewed by the City Council. FISCAL IMPACT – None BACKGROUND/ANALYSIS Below is a summary of the column headers used on the Revenue and Expenditure Summary Reports: Original Total Budget – represents revenue and expenditure budgets the Council adopted in June 2019 for fiscal year 2019/20. Current Total Budget – represents original adopted budgets plus any Council approved budget amendments from throughout the year. Period Activity – represents actual revenues received and expenditures outlaid in the reporting month. Fiscal Activity – represents actual revenues received and expenditures outlaid YTD. Variance Favorable/(Unfavorable) - represents the dollar difference between YTD collections/expenditures and the current budgeted amount. Percent Used – represents the percentage activity as compared to budget YTD. CONSENT CALENDAR ITEM NO. 4 The revenue report includes revenues and transfers into funds from other funds (income items). Revenues are not received uniformly throughout the year, resulting in peaks and valleys. For example, large property tax payments are usually received in December and May. Similarly, Redevelopment Property Tax Trust Fund payments are typically received in January and June. Any timing imbalance of revenue receipts versus expenditures is funded from the City’s cash flow reserve. The expenditure report includes expenditures and transfers out to other funds. Unlike revenues, expenditures are more likely to be consistent from month to month. However, large debt service payments or CIP expenditures can cause swings. Prepared by: Rosemary Hallick, Financial Services Analyst Approved by: Karla Romero, Finance Director Attachment 1: Revenue and Expenditure Report for February 29, 2020 MTD YTD YTD Percent of Budget General Fund 7,826,613$ 29,069,639$ 49.17% All Funds 9,659,333$ 53,468,266$ 42.69% MTD YTD YTD Percent of Budget General Fund 3,817,001$ 26,660,369$ 47.64% Payroll - General Fund 678,750$ 6,523,929$ 58.14% All Funds 7,684,124$ 61,944,235$ 55.50% February Revenues February Expenditures General Fund Non-General Fund Property Tax in lieu of Vehicle License Fees 2,161,868$ CVAG Capital Improvement Program (CIP) Funding(1)558,542$ Property Tax 1,580,385$ Lighting and Landscape District Assessments 512,966$ Measure G 1,125,560$ SilverRock Greens Fees 502,191$ Transient Occupancy (Hotel) Tax 972,719$ Interest Earnings 116,515$ Sales Tax 938,060$ County Sales Tax (Measure A)67,347$ General Fund Non-General Fund Sheriff Contract (November and December)2,363,759$ CIP-Construction(2)2,693,041$ Buildings 378,500$ SilverRock Maintenance 152,207$ Parks Landscape Maintenance 41,890$ Earthquake Insurance Premium 73,135$ Marketing and Tourism Promotions 34,462$ Lighting & Landscape Maintenance 67,658$ Community Experiences 32,644$ CIP-Design(3)61,004$ (2) CIP Construction: Village Complete Streets, Hwy Safety Improvement Program (HSIP) interconnect project, Eisenhower Drive drainage project, SilverRock event space, Dune Palms Road widening. (3) CIP Design: SilverRock event space, Washington and Fred Waring triple left project, Village Complete Streets, Corporate Yard design. Top Five Revenue/Income Sources for February Top Five Expenditures/Outlays for February (1) CVAG: Coachella Valley Association of Governments. This revenue represents funding for the Dune Palms bridge and road widening project. For Fiscal: 2019/20 Period Ending: 02/29/2020 4/19/2020 Page 1 of 2 Revenue Summary Fiscal Activity Variance Favorable (Unfavorable)Fund Period Activity Current Total Budget Original Total Budget Percent Used 101 - GENERAL FUND 29,069,6397,826,61357,847,200 59,124,869 -30,055,230 49.17 % 201 - GAS TAX FUND 1,825,52265,8532,360,900 2,107,400 -281,878 86.62 % 202 - LIBRARY & MUSEUM FUND 333,2432182,752,000 2,752,000 -2,418,757 12.11 % 203 - PUBLIC SAFETY FUND (MEASURE G)11,03303,200 3,200 7,833 344.77 % 210 - FEDERAL ASSISTANCE FUND 2,1040123,200 145,167 -143,063 1.45 % 212 - SLESA (COPS) FUND 99,3408,333100,500 100,500 -1,160 98.85 % 215 - LIGHTING & LANDSCAPING FUND 1,829,562512,9662,274,200 1,974,200 -144,639 92.67 % 220 - QUIMBY FUND 29,0630140,000 140,000 -110,937 20.76 % 221 - AB 939 - CALRECYCLE FUND 35,04518,09770,000 70,000 -34,955 50.06 % 223 - MEASURE A FUND 469,95067,3471,311,300 1,311,300 -841,350 35.84 % 224 - TUMF FUND -590000 -590 0.00 % 225 - INFRASTRUCTURE FUND 1730300300 -127 57.50 % 226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG)64012,000 12,000 -11,936 0.53 % 227 - STATE HOMELAND SECURITY PROGRAMS (SHSP)-3,194-3,19400 -3,194 0.00 % 230 - CASp FUND, AB 1379 14,6392,11621,200 21,200 -6,561 69.05 % 231 - SUCCESSOR AGCY PA 1 RORF 7,449,559720,539,264 20,539,264 -13,089,705 36.27 % 235 - SO COAST AIR QUALITY FUND 14,59513,65553,500 53,500 -38,905 27.28 % 237 - SUCCESSOR AGCY PA 1 ADMIN 12,19901,500 13,505 -1,306 90.33 % 241 - HOUSING AUTHORITY 421,33984,877448,000 1,688,256 -1,266,917 24.96 % 243 - RDA LOW-MOD HOUSING FUND 19,154022,000 40,000 -20,846 47.89 % 247 - ECONOMIC DEVELOPMENT FUND 28,386000 28,386 0.00 % 248 - SA 2004 LO/MOD BOND FUND (Refinanced in 2014)5,396000 5,396 0.00 % 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)200,4470270,000 350,000 -149,553 57.27 % 250 - TRANSPORTATION DIF FUND 346,4882,842395,000 395,000 -48,512 87.72 % 251 - PARKS & REC DIF FUND 181,1202,048306,000 306,000 -124,880 59.19 % 252 - CIVIC CENTER DIF FUND 85,326796110,000 110,000 -24,674 77.57 % 253 - LIBRARY DEVELOPMENT DIF 28,20834445,000 45,000 -16,792 62.68 % 254 - COMMUNITY CENTER DIF 12,14112922,000 22,000 -9,859 55.19 % 255 - STREET FACILITY DIF FUND 13,24711623,000 23,000 -9,753 57.60 % 256 - PARK FACILITY DIF FUND 3,280407,000 7,000 -3,720 46.86 % 257 - FIRE PROTECTION DIF 39,19036655,000 55,000 -15,810 71.25 % 270 - ART IN PUBLIC PLACES FUND 157,1041,934160,500 160,500 -3,396 97.88 % 275 - LQ PUBLIC SAFETY OFFICER 2,42502,600 2,600 -175 93.27 % 299 - INTEREST ALLOCATION FUND 407,598116,51500 407,598 0.00 % 310 - LQ FINANCE AUTHORITY DEBT SERVICE 001,000 1,000 -1,000 0.00 % 401 - CAPITAL IMPROVEMENT PROGRAMS 5,607,817558,54221,222,000 25,511,977 -19,904,161 21.98 % 405 - SA PA 1 CAPITAL IMPRV FUND 58,8950100,000 100,000 -41,105 58.89 % 501 - FACILITY & FLEET REPLACEMENT 465,5070900,200 900,200 -434,693 51.71 % 502 - INFORMATION TECHNOLOGY 807,8241,9661,394,400 1,494,400 -686,576 54.06 % 503 - PARK EQUIP & FACILITY FUND 372,2460719,000 382,000 -9,754 97.45 % 504 - INSURANCE FUND 469,3682,358929,500 929,500 -460,132 50.50 % 601 - SILVERROCK RESORT 2,374,578556,4424,105,600 4,105,600 -1,731,022 57.84 % 602 - SILVERROCK GOLF RESERVE 4,95605,500 5,500 -544 90.11 % 735 - 97-1 AGENCY REDEMPTION FUND 278000 278 0.00 % 760 - SUPPLEMENTAL PENSION PLAN 5,88107,000 7,000 -1,119 84.02 % 761 - CERBT OPEB TRUST 96,013040,000 40,000 56,013 240.03 % 762 - PARS PENSION TRUST 62,109-181,992200,000 200,000 -137,891 31.05 % Report Total:9,659,333 53,468,266119,100,564 125,249,938 -71,781,672 42.69 % Accounts are subject to adjusting entries and audit. The City's Comprehensive Annual Financial Report (CAFR), published annually in December, is the best resource for all final audited numbers. ATTACHMENT 1 For Fiscal: 2019/20 Period Ending: 02/29/2020 4/19/2020 Page 2 of 2 Expenditure Summary Fiscal Activity Variance Favorable (Unfavorable)Fund Period Activity Current Total Budget Original Total Budget Percent Used 101 - GENERAL FUND 26,660,3693,817,00155,638,500 55,966,291 29,305,922 47.64 % 201 - GAS TAX FUND 1,307,91973,1682,360,900 2,150,500 842,581 60.82 % 202 - LIBRARY & MUSEUM FUND 610,07595,4212,419,100 2,541,100 1,931,025 24.01 % 210 - FEDERAL ASSISTANCE FUND 2,1040123,200 145,167 143,063 1.45 % 212 - SLESA (COPS) FUND 61,98536,678100,000 100,000 38,015 61.99 % 215 - LIGHTING & LANDSCAPING FUND 1,204,270175,9362,274,200 2,165,200 960,930 55.62 % 220 - QUIMBY FUND 535,8060263,000 263,000 -272,806 203.73 % 221 - AB 939 - CALRECYCLE FUND 67,32133,93950,000 180,000 112,679 37.40 % 223 - MEASURE A FUND 124,5556,1061,298,300 1,304,300 1,179,745 9.55 % 225 - INFRASTRUCTURE FUND 1,410001,500 90 94.00 % 226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG)0012,000 12,000 12,000 0.00 % 230 - CASp FUND, AB 1379 2,2035454,600 5,600 3,397 39.33 % 231 - SUCCESSOR AGCY PA 1 RORF 13,130,86608,394,963 8,405,468 -4,725,398 156.22 % 235 - SO COAST AIR QUALITY FUND 45,33522591,500 111,500 66,165 40.66 % 237 - SUCCESSOR AGCY PA 1 ADMIN 9,750012,005 13,505 3,755 72.20 % 241 - HOUSING AUTHORITY 387,09140,793609,300 990,957 603,866 39.06 % 243 - RDA LOW-MOD HOUSING FUND 100,0000250,000 351,000 251,000 28.49 % 248 - SA 2004 LO/MOD BOND FUND (Refinanced in 2014)1,73900390,500 388,761 0.45 % 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)0020,000 60,000 60,000 0.00 % 250 - TRANSPORTATION DIF FUND 401,4100483,700 485,200 83,790 82.73 % 251 - PARKS & REC DIF FUND 1,410001,500 90 94.00 % 252 - CIVIC CENTER DIF FUND 1,4110130,000 1,500 89 94.08 % 253 - LIBRARY DEVELOPMENT DIF 17,288032,000 33,500 16,212 51.61 % 254 - COMMUNITY CENTER DIF 1,410001,500 90 94.00 % 255 - STREET FACILITY DIF FUND 1,410030,000 1,500 90 94.00 % 256 - PARK FACILITY DIF FUND 1,41006,000 1,500 90 94.00 % 257 - FIRE PROTECTION DIF 1,41007,500 1,500 90 94.00 % 270 - ART IN PUBLIC PLACES FUND 4,5320160,000 160,000 155,468 2.83 % 310 - LQ FINANCE AUTHORITY DEBT SERVICE 1,1001,1001,000 1,000 -100 110.00 % 401 - CAPITAL IMPROVEMENT PROGRAMS 12,062,2002,841,35321,222,000 25,867,466 13,805,266 46.63 % 405 - SA PA 1 CAPITAL IMPRV FUND 52,82600520,679 467,853 10.15 % 501 - FACILITY & FLEET REPLACEMENT 542,79268,205898,200 1,394,200 851,408 38.93 % 502 - INFORMATION TECHNOLOGY 978,75649,9831,390,400 1,980,600 1,001,844 49.42 % 503 - PARK EQUIP & FACILITY FUND 136,0431,257700,000 975,036 838,993 13.95 % 504 - INSURANCE FUND 865,21877,290870,500 870,500 5,282 99.39 % 601 - SILVERROCK RESORT 2,589,908361,9324,185,700 4,153,200 1,563,292 62.36 % 760 - SUPPLEMENTAL PENSION PLAN 12,833012,850 12,850 17 99.87 % 761 - CERBT OPEB TRUST 711000 -711 0.00 % 762 - PARS PENSION TRUST 17,3593,19200 -17,359 0.00 % Report Total:7,684,124 61,944,235104,051,418 111,620,819 49,676,584 55.50 % Accounts are subject to adjusting entries and audit. The City's Comprehensive Annual Financial Report (CAFR), published annually in December, is the best resource for all final audited numbers. City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING: May 13, 2020 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED MARCH 31, 2020 RECOMMENDATION Receive and file revenue and expenditure report dated March 31, 2020. EXECUTIVE SUMMARY •The report summarizes the City’s year-to-date (YTD) revenues and period expenditures for March 2020 (Attachment 1). •These reports are also reviewed by the City Council. FISCAL IMPACT – None BACKGROUND/ANALYSIS Below is a summary of the column headers used on the Revenue and Expenditure Summary Reports: Original Total Budget – represents revenue and expenditure budgets the Council adopted in June 2019 for fiscal year 2019/20. Current Total Budget – represents original adopted budgets plus any Council approved budget amendments from throughout the year. Period Activity – represents actual revenues received and expenditures outlaid in the reporting month. Fiscal Activity – represents actual revenues received and expenditures outlaid YTD. Variance Favorable/(Unfavorable) - represents the dollar difference between YTD collections/expenditures and the current budgeted amount. Percent Used – represents the percentage activity as compared to budget YTD. CONSENT CALENDAR ITEM NO. 5 The revenue report includes revenues and transfers into funds from other funds (income items). Revenues are not received uniformly throughout the year, resulting in peaks and valleys. For example, large property tax payments are usually received in December and May. Similarly, Redevelopment Property Tax Trust Fund payments are typically received in January and June. Any timing imbalance of revenue receipts versus expenditures is funded from the City’s cash flow reserve. The expenditure report includes expenditures and transfers out to other funds. Unlike revenues, expenditures are more likely to be consistent from month to month. However, large debt service payments or CIP expenditures can cause swings. Prepared by: Rosemary Hallick, Financial Services Analyst Approved by: Karla Romero, Finance Director Attachment 1: Revenue and Expenditure Report for March 31, 2020 MTD YTD YTD Percent of Budget General Fund 5,844,581$ 34,918,030$ 67.05% All Funds 10,663,771$ 64,135,897$ 38.59% MTD YTD YTD Percent of Budget General Fund 6,737,780$ 33,398,149$ 49.33% Payroll - General Fund 726,267$ 7,250,195$ 67.63% All Funds 16,599,917$ 78,544,152$ 41.97% March Expenditures March Revenues General Fund Non-General Fund Fire Service Credit - Quarter 2 1,723,902$ Transfers In - Capital Improvement (CIP) Fund(1)4,111,402$ Transient Occupancy (Hotel) Tax 1,301,817$ Technology Support Internal Service Fund (2)341,125$ Measure G Sales Tax 976,532$ County Government Revenue -Library/Museum 331,385$ Sales Tax 870,615$ SilverRock Greens Fees 325,293$ Allocated Interest - Quarter 3 351,180$ Insurance Internal Service Fund (2)233,350$ General Fund Non-General Fund Transfers Out - CIP 1,894,272$ Debt Service Payments- Successor Agency Bonds(4)4,242,075$ Fire Service and Ladder Truck - Quarter 2 1,772,068$ CIP - Construction(5)2,431,783$ Sheriff Contract (January)1,266,958$ Transfers Out - Quimby Fund to CIP 1,168,900$ Liability Insurance & Claims (3)110,000$ Library Operations 331,385$ Contract Legal Services 57,882$ Transfers Out - Successor Agency Project Fund to CIP 161,224$ (4)Interest and principal payments for redevelopment bonds, funded by dedicated Redevelopment Property Tax Trust Fund (RPTTF) revenue. (3) These charges in the General Fund represent quarterly contributions to the Insurance Internal Service Fund. Top Five Revenue/Income Sources for March (1) Transfers in to the Capital Improvement Fund are from General Fund (including Measure G), Quimby, Successor Agency Project Area, Park Facility Development Impact Fees (DIF), and Measure A sources. Top Five Expenditures/Outlays for March (5) CIP Construction: Village Complete Streets, Hwy Safety Improvement Program (HSIP) interconnect project, SilverRock event space, Fritz Burns pool heater, and pavement management. (2) Internal Service Funds are used to account for activites involved in rendering services to departments within the City; quarterly journal entries move revenue into these funds. Budget Report No Decimals CC RevExp For Fiscal: 2019/20 Period Ending: 03/31/2020 4/23/2020 Page 1 of 2 Revenue Summary Fiscal Activity Variance Favorable (Unfavorable)Fund Period Activity Current Total Budget Original Total Budget Percent Used 101 - GENERAL FUND 34,918,0305,844,58157,847,200 52,074,869 -17,156,839 67.05 % 201 - GAS TAX FUND 1,702,161-123,3612,360,900 2,107,400 -405,239 80.77 % 202 - LIBRARY & MUSEUM FUND 693,826360,5832,752,000 2,752,000 -2,058,174 25.21 % 203 - PUBLIC SAFETY FUND (MEASURE G)16,3195,2873,200 3,200 13,119 509.97 % 210 - FEDERAL ASSISTANCE FUND 2,1040123,200 145,167 -143,063 1.45 % 212 - SLESA (COPS) FUND 108,4929,152100,500 100,500 7,992 107.95 % 215 - LIGHTING & LANDSCAPING FUND 1,532,686-296,8762,274,200 1,974,200 -441,514 77.64 % 220 - QUIMBY FUND 36,9017,838140,000 140,000 -103,099 26.36 % 221 - AB 939 - CALRECYCLE FUND 47,29712,25170,000 70,000 -22,703 67.57 % 223 - MEASURE A FUND 477,4727,5221,311,300 1,311,300 -833,828 36.41 % 224 - TUMF FUND -40618400 -406 0.00 % 225 - INFRASTRUCTURE FUND 25784300300 -43 85.67 % 226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG)953112,000 12,000 -11,905 0.79 % 227 - STATE HOMELAND SECURITY PROGRAMS (SHSP)-3,194000 -3,194 0.00 % 230 - CASp FUND, AB 1379 16,7142,07621,200 21,200 -4,486 78.84 % 231 - SUCCESSOR AGCY PA 1 RORF 7,457,9728,41320,539,264 20,539,264 -13,081,292 36.31 % 235 - SO COAST AIR QUALITY FUND 27,54312,94853,500 53,500 -25,957 51.48 % 237 - SUCCESSOR AGCY PA 1 ADMIN 13,0248251,500 13,505 -481 96.44 % 241 - HOUSING AUTHORITY 494,96573,627448,000 1,688,256 -1,193,291 29.32 % 243 - RDA LOW-MOD HOUSING FUND 31,01811,86422,000 40,000 -8,982 77.55 % 247 - ECONOMIC DEVELOPMENT FUND 41,98813,60200 41,988 0.00 % 248 - SA 2004 LO/MOD BOND FUND (Refinanced in 2014)7,1271,73100 7,127 0.00 % 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)286,14885,702270,000 350,000 -63,852 81.76 % 250 - TRANSPORTATION DIF FUND 411,50565,017395,000 395,000 16,505 104.18 % 251 - PARKS & REC DIF FUND 226,67245,552306,000 306,000 -79,328 74.08 % 252 - CIVIC CENTER DIF FUND 104,03918,713110,000 110,000 -5,961 94.58 % 253 - LIBRARY DEVELOPMENT DIF 34,7446,53645,000 45,000 -10,256 77.21 % 254 - COMMUNITY CENTER DIF 15,3633,22222,000 22,000 -6,637 69.83 % 255 - STREET FACILITY DIF FUND 15,5612,31323,000 23,000 -7,439 67.65 % 256 - PARK FACILITY DIF FUND 4,0447647,000 7,000 -2,956 57.77 % 257 - FIRE PROTECTION DIF 47,7818,59155,000 55,000 -7,219 86.87 % 270 - ART IN PUBLIC PLACES FUND 162,1585,054160,500 160,500 1,658 101.03 % 275 - LQ PUBLIC SAFETY OFFICER 2,6322072,600 2,600 32 101.24 % 299 - INTEREST ALLOCATION FUND 172,154-235,44400 172,154 0.00 % 310 - LQ FINANCE AUTHORITY DEBT SERVICE 1,1001,1001,000 1,000 100 110.00 % 401 - CAPITAL IMPROVEMENT PROGRAMS 9,792,8474,185,03121,222,000 73,190,019 -63,397,172 13.38 % 405 - SA PA 1 CAPITAL IMPRV FUND 86,32727,432100,000 100,000 -13,673 86.33 % 501 - FACILITY & FLEET REPLACEMENT 697,149231,642900,200 900,200 -203,051 77.44 % 502 - INFORMATION TECHNOLOGY 1,156,513348,6391,394,400 1,494,400 -337,887 77.39 % 503 - PARK EQUIP & FACILITY FUND 388,44916,203719,000 382,000 6,449 101.69 % 504 - INSURANCE FUND 703,146233,778929,500 929,500 -226,354 75.65 % 601 - SILVERROCK RESORT 2,733,556358,9784,105,600 4,405,600 -1,672,044 62.05 % 602 - SILVERROCK GOLF RESERVE 7,2382,2825,500 5,500 1,738 131.60 % 735 - 97-1 AGENCY REDEMPTION FUND 41113300 411 0.00 % 760 - SUPPLEMENTAL PENSION PLAN 6,3294487,000 7,000 -671 90.42 % 761 - CERBT OPEB TRUST -83,159-179,17240,000 40,000 -123,159 207.90 % 762 - PARS PENSION TRUST -459,202-521,311200,000 200,000 -659,202 229.60 % Report Total:10,663,771 64,135,897119,100,564 166,177,980 -102,042,083 38.59 % ATTACHMENT 1 Accounts are subject to adjusting entries and audit. The City's Comprehensive Annual Financial Report (CAFR), published annually in December, is the best resource for all final audited numbers. For Fiscal: 2019/20 Period Ending: 03/31/2020 4/23/2020 Page 2 of 2 Fund Summary Fiscal Activity Variance Favorable (Unfavorable)Fund Period Activity Current Total Budget Original Total Budget Percent Used 101 - GENERAL FUND 33,398,1496,737,78055,638,500 67,709,491 34,311,342 49.33 % 201 - GAS TAX FUND 1,493,569185,6502,360,900 2,478,134 984,566 60.27 % 202 - LIBRARY & MUSEUM FUND 973,224363,1492,419,100 2,541,100 1,567,876 38.30 % 210 - FEDERAL ASSISTANCE FUND 2,1040123,200 148,499 146,395 1.42 % 212 - SLESA (COPS) FUND 65,3633,378100,000 100,000 34,637 65.36 % 215 - LIGHTING & LANDSCAPING FUND 1,370,029165,7592,274,200 2,165,200 795,171 63.27 % 220 - QUIMBY FUND 1,704,7061,168,900263,000 4,714,876 3,010,171 36.16 % 221 - AB 939 - CALRECYCLE FUND 70,5513,23050,000 180,000 109,449 39.20 % 223 - MEASURE A FUND 230,627106,0721,298,300 2,996,248 2,765,621 7.70 % 225 - INFRASTRUCTURE FUND 1,4100024,118 22,708 5.85 % 226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG)0012,000 12,000 12,000 0.00 % 230 - CASp FUND, AB 1379 2,20304,600 5,600 3,397 39.33 % 231 - SUCCESSOR AGCY PA 1 RORF 17,372,9414,242,0758,394,963 8,405,468 -8,967,473 206.69 % 235 - SO COAST AIR QUALITY FUND 55,2699,93491,500 111,500 56,231 49.57 % 237 - SUCCESSOR AGCY PA 1 ADMIN 9,750012,005 13,505 3,755 72.20 % 241 - HOUSING AUTHORITY 451,87164,780609,300 990,957 539,086 45.60 % 243 - RDA LOW-MOD HOUSING FUND 100,0000250,000 351,000 251,000 28.49 % 248 - SA 2004 LO/MOD BOND FUND (Refinanced in 2014)1,504-2350390,500 388,996 0.39 % 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)0020,000 60,000 60,000 0.00 % 250 - TRANSPORTATION DIF FUND 403,8172,407483,700 1,632,075 1,228,257 24.74 % 251 - PARKS & REC DIF FUND 1,410002,401,500 2,400,090 0.06 % 252 - CIVIC CENTER DIF FUND 1,4110130,000 1,500 89 94.08 % 253 - LIBRARY DEVELOPMENT DIF 24,7477,45932,000 33,500 8,753 73.87 % 254 - COMMUNITY CENTER DIF 1,41000103,139 101,729 1.37 % 255 - STREET FACILITY DIF FUND 1,410030,000 1,500 90 94.00 % 256 - PARK FACILITY DIF FUND 1,41006,000 1,500 90 94.00 % 257 - FIRE PROTECTION DIF 1,41007,500 1,500 90 94.00 % 270 - ART IN PUBLIC PLACES FUND 21,90817,376160,000 760,000 738,092 2.88 % 310 - LQ FINANCE AUTHORITY DEBT SERVICE 1,10001,000 1,000 -100 110.00 % 401 - CAPITAL IMPROVEMENT PROGRAMS 14,743,4912,681,29121,222,000 73,442,754 58,699,263 20.07 % 405 - SA PA 1 CAPITAL IMPRV FUND 214,051161,22405,812,738 5,598,688 3.68 % 501 - FACILITY & FLEET REPLACEMENT 670,984128,192898,200 1,539,037 868,053 43.60 % 502 - INFORMATION TECHNOLOGY 1,054,84376,0871,390,400 1,980,600 925,757 53.26 % 503 - PARK EQUIP & FACILITY FUND 274,239138,196700,000 975,036 700,797 28.13 % 504 - INSURANCE FUND 869,9854,767870,500 870,500 515 99.94 % 601 - SILVERROCK RESORT 2,917,463327,5564,185,700 4,153,200 1,235,737 70.25 % 760 - SUPPLEMENTAL PENSION PLAN 12,833012,850 12,850 17 99.87 % 761 - CERBT OPEB TRUST 1,06735600 -1,067 0.00 % 762 - PARS PENSION TRUST 21,8924,53300 -21,892 0.00 % Report Total:16,599,917 78,544,152104,051,418 187,122,126 108,577,974 41.97 % Accounts are subject to adjusting entries and audit. The City's Comprehensive Annual Financial Report (CAFR), published annually in December, is the best resource for all final audited numbers. City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING: April 8, 2020 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR YEAR ENDED JUNE 30, 2019 RECOMMENDATION Receive and file the Comprehensive Annual Financial Report for the year ended June 30, 2019. EXECUTIVE SUMMARY •California cities must obtain an annual audit of their financial statements by an independent auditor at close of each fiscal year. •The annual audit produces the Comprehensive Annual Financial Report (CAFR) (Exhibit A) which was issued on February 7, 2020. •The independent auditors rendered an unmodified (“clean”) opinion; which is the most favorable conclusion. •The City Council reviewed, discussed, and approved the CAFR on February 18, 2020. FISCAL IMPACT - None BACKGROUND/ANALYSIS At the end of each fiscal year, the City’s financial records are audited by an independent audit firm pursuant to California law. The results (including City background information, statistical data, and detailed financial reports) are compiled and presented in the CAFR. In the independent auditors’ report (located at the front of the financial section of the CAFR), Eide Bailly Certified Public Accountants issued an “unmodified” opinion on the City’s financial statements for the year ended June 30, 2019, which is the most favorable conclusion. The independent audit involved examining evidence supporting the amounts and disclosures BUSINESS SESSION ITEM NO. 1 in the financial statements, assessing the accounting principles used and estimates made by management, and evaluating the overall financial statement presentation. The 18/19 Comprehensive Annual Financial Report Summary (Attachment 1) provides a summary of CAFR which is in Exhibit A. The Financial Advisory Commission was provided a copy of the CAFR on February 12, 2020. The City Council reviewed, discussed, and approved the CAFR on February 18, 2020. In addition, a copy of the CAFR can be found on the City’s website. The auditors did not report any internal control deficiencies over financial reporting, compliance and other matters. The CAFR has been submitted to the GFOA (Government Finance Officer Association) award program for excellence in financial reporting. A Single Audit for fiscal year 2018/19 – a separate audit requirement under Federal law for entities that spend $750,000 or more in federal funds during a fiscal year will be issued in March 2020. ALTERNATIVES The CAFR and audit are required by State law, therefore, no alternatives are recommended. Prepared by: Karla Romero, Finance Director Attachment 1: 2018/19 Comprehensive Annual Financial Report Summary 2018/19 Comprehensive Annual Financial Report (CAFR) Summary The 2018/19 CAFR (Exhibit A) contains numerous comprehensive financial reports pertaining to all aspects of the City’s finances and includes financial statements for all City funds (general, special revenue, housing, capital project, internal service, and other fund types). The CAFR also contains information regarding the City’s accounting methods and procedures, and the results of the independent audit. Financial information is conveyed both by major fund type and in a comprehensive manner; thus, the information is somewhat complex to interpret. Because of this, specific detailed information regarding the General Fund year-end budget results for 2018/19 was presented separately at the November 5, 2019 Council meeting. The Management Discussion and Analysis section (starting on page 4) provides an overview and analysis of the financial statements, which is useful when reading through the CAFR. In addition, the Notes to the Basic Financial Statements (pages 32 to 73) provide a written explanation of accounting methods and year-over-year changes. The Statistical Section (pages 131 to 166) presents a ten-year comparison of City financial, economic, and demographic trends. Typically, financial statements are issued prior to December 30th of each calendar year for the previous fiscal year. For 2018/19, the City requested and was granted an extension to file the CAFR. An extension was needed to ensure all required Government Accounting Standards Board (GASB) pronouncements were implemented, some requiring third-party actuarial analysis for the reporting of pension and retiree health benefit liabilities. In addition, during the Summer of 2019, the City’s current auditing firm (Vavrinek, Trine, Day, & Co, LLP) joined Eide Bailly with the merger implementation occurring in the Fall of 2019 (during audit season). This resulted in additional pressures on the audit team and in turn delayed the City’s audit. Responsibility for both the accuracy and the completeness of all disclosure’s rests with the City of La Quinta. To the best of our knowledge and belief, the enclosed data is accurate in all material respects and is reported in a manner designed to fairly present the financial position and results of City operations. This CAFR was prepared in conformance with Generally Accepted Accounting Principles (GAAP). The City’s financial reporting is based upon all Governmental Accounting Standards Board (GASB) pronouncements. Eide Bailly LLP, Certified Public Accountants, has issued an unmodified (“clean”) opinion on the City’s financial statements for the year ended June 30, 2019. This is the most favorable conclusion. We believe that the CAFR meets the Certificate of Achievement Program’s requirements and have submitted it to the Government Finance Officer’s Association to determine its eligibility for another certificate. ATTACHMENT 1 Significant Changes and Financial Highlights Governmental Revenues and Expenses Governmental Activities include 30 individual governmental funds. There are four (4) major governmental funds: the General Fund, two (2) capital project funds, and one special revenue fund. Data from the other twenty-six (26) governmental funds are combined into a single, aggregate presentation. When compared to the prior year, revenues overall increased by $9,350,370 with the largest increase, $4,346,959, being Investment Income. During 2018/19, most capital projects were in design phase with larger construction expenditures beginning in June of 2019. This caused the portfolio investment balance to increase, thereby yielding greater returns. In turn, expenditure decreases of $13,002,906 are also largely attributed to multi-year capital projects in design phase. Capital improvement project carryovers from 2018/19 to 2019/20 totaled $11,853,162; a $6,856,347 increase when compared to the prior fiscal year. Governmental Fund Balances The focus of the City’s governmental funds is to provide information on near-term inflows, outflows, and balances. Such information is useful in assessing the City's financing requirements. In particular, unassigned fund balance may serve as a useful measure of a government's net resources available for spending at the end of the fiscal year. The unassigned General Fund balance comprised $16,228,627, or 14%, of the total $117,637,847 balance and represented 22% of total final 2018/19 General Fund budgeted expenditures including transfers and multi-year capital projects . As of the end of 2018/19, the City's governmental funds reported combined ending fund balances of $160,521,781 as follows: 2018/19 Governmental Fund Balances The greatest year-over-year changes reflect the prudent decision to write-off five interfund loans, which overstated receivables in the General Fund and caused negative unassigned fund balances in several other special funds. The $15,017,126 write-off is discussed on Note 19 (page 72) of the CAFR. Category General Fund Percent All Other Funds Percent Total Funds Percent Nonspendable 33,683,942$ 29%386$ 0.001%33,684,328$ 21% Restricted 6,540,000 6%44,815,499 105%51,355,499 32% Committed 31,745,300 27%- 0%31,745,300 20% Assigned 29,439,978 25%- 0%29,439,978 18% Unassigned 16,228,627 14%(1,931,951) -5%14,296,676 9% TOTAL 117,637,847$ 100%42,883,934$ 100%160,521,781$ 100% When compared to 2017/18, total governmental fund balance increased by $10,840,781. 2017/18 Governmental Fund Balances An increase in restricted fund balances reflects the establishment of a Pension Trust. An increase of $9.5 million in Assigned Reserves derives from multi-year capital projects and Measure G sales tax reserves increasing. Outstanding Debt Total governmental activities debt decreased by $1,774,783 during 2018/19, due to two final payments: $1,125,000 for land acquisition (Eisenhower Drive retention basin) and a 1996 Civic Center revenue bond payment of $650,000. As of 2018/19, the Net Pension Liability is reported as an outstanding debt and the General Fund has no outstanding bond obligations. As of June 30, 2019, the Section 115 Pension Trust had a balance of $6,540,000. The trust sets aside monies to fund the City’s pension obligations. Contributions to the trust are irrevocable and assets are protected from creditors. The purpose of the trust is to address the City’s pension obligations by accumulating assets to reduce the net pension liability. However, asset in the trust are recorded as restricted balances until they are transferred to the pension plan (CalPERS). Additional information on long-term debt can be found in Note 5 of the financial statements, Note 8 describes the City’s Pension Plan, and Note 11 discusses the Section 115 Trust. Other Post-Employment Benefit Plan (OPEB) In contrast to the Net Pension Liability, the OPEB Trust established to fund retiree health benefits, had a balance of $1,521,314 which reduces the OPEB liability ($1,515,298) and Category General Fund Percent All Other Funds Percent Total Funds Percent Nonspendable 52,976,449$ 44%-$ 0%52,976,449$ 36% Restricted - 0%39,263,604 141%39,263,604 26% Committed 29,726,500 24%- 0%29,726,500 20% Assigned 19,921,112 16%- 0%19,921,112 13% Unassigned 19,199,506 16%(11,405,877) -41%7,793,629 5% TOTAL 121,823,567$ 100%27,857,727$ 100%149,681,294$ 100% Debt Type:2018 2019 Capital Leases 667,035$ 757,971$ Compensated Absences 823,842 941,955 Land Acquisition Note Payable 1,125,000 - Revenue Bonds 650,000 - Net Pension Liability 12,612,523 12,403,691 TOTAL 15,878,400$ 14,103,617$ Governmental Activities is reported as an asset balance of $6,016. Additional information on OPEB can be found in Note 10 of the financial statements. Major Capital Improvements The Capital Improvement Fund is primarily used to record the expenditures for capital projects. The fund had thirty-five (35) active Capital Improvement Projects during 2018/19. The five most active projects were: • Washington Street Apartments rehabilitation and expansion ($8,380,000) • Citywide drainage improvements ($1,545,000) • Madison Street widening from Avenue 50 to 52 ($1,508,000) • Pavement Management Plan street improvements ($1,075,000) • North La Quinta landscape improvements ($672,000) Long-term Financial Planning Sound financial governance continues to be management’s focus. The City has a long history of providing superior service, life enrichment opportunities, and a quality environment to its residents, businesses, and visitors. The City ensures that its long-range goals are met through a variety of Boards and Commissions. Each is comprised of Council appointed residents, may include a City Council representative, and are supported by City staff. In addition, the City has adopted various financial policies and practices with the goal of sustaining a fiscally resilient government over the long-term, improving fiscal sustainability, as well as increasing transparency and encouraging public engagement. As of June 30, 2019 reserves are 82% funded with a balance of $37.5 million and a goal of being fully funded by June 30, 2021. In addition, the City paid off a 1996 Civic Center general obligation bond. La Quinta has established and funded Other Post Employment Benefit and Pension Trusts and is conducting a regional assessment on police services to identify long-term savings. 2018/19 COMPREHENSIVE ANNUAL FINANCIAL REPORT FISCAL YEAR ENDED JUNE 30, 2019 C i t y o f L a Qu i n ta L a Qu i n ta , Ca l i fo r n i a EXHIBIT A CITY OF LA QUINTA, CALIFORNIA COMPREHENSIVE ANNUAL FINANCIAL REPORT FISCAL YEAR ENDED JUNE 30, 2019 Prepared by the Finance Department CITY OF LA QUINTA, CALIFORNIA COMPREHENSIVE ANNUAL FINANCIAL REPORT YEAR ENDED JUNE 30, 2019 TABLE OF CONTENTS Page INTRODUCTORY SECTION Letter of Transmittal ............................................................................................................................ i List of Principal Officers ..................................................................................................................... vi Organizational Chart .......................................................................................................................... vii Certificate of Achievement for Excellence in Financial Reporting (GFOA) ....................................... viii FINANCIAL SECTION Independent Auditor’s Report .............................................................................................................. 1 Management's Discussion and Analysis ............................................................................................... 4 BASIC FINANCIAL STATEMENTS Government-wide Financial Statements Statement of Net Position ............................................................................................................... 17 Statement of Activities ................................................................................................................... 18 Fund Financial Statements Balance Sheet – Governmental Funds ............................................................................................. 20 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position .................................................................. 22 Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds .................................................................................................................... 23 Reconciliation of Statement of Revenues, Expenditures and Changes In Fund Balances of Governmental Funds to the Statement of Activities ....................................... 25 Statement of Net Position – Proprietary Funds ................................................................................ 26 Statement of Revenues, Expenses and Changes in Fund Net Position – Proprietary Funds ......................................................................................... 27 Statement of Cash Flows – Proprietary Funds ................................................................................. 28 Statement of Fiduciary Net Position – Fiduciary Funds ................................................................... 30 Statement of Changes in Fiduciary Net Position – Fiduciary Funds................................................. 31 Notes to the Basic Financial Statements ............................................................................................. 32 CITY OF LA QUINTA, CALIFORNIA COMPREHENSIVE ANNUAL FINANCIAL REPORT YEAR ENDED JUNE 30, 2019 TABLE OF CONTENTS (Continued) Page REQUIRED SUPPLEMENTARY INFORMATION: Budgetary Comparison Schedules: General Fund ............................................................................................................................ 74 Housing Authority Special Revenue Fund ................................................................................. 75 Schedule of Proportionate Share of the Net Pension Liability – Miscellaneous Plan ........................ 76 Schedule of Plan Contributions – Miscellaneous Plan ..................................................................... 77 Schedule of Changes in the Net OPEB Liability/(Asset) and Related Ratios ................................... 78 Schedule of OPEB Contributions ................................................................................................... 79 Note to Required Supplementary Information ................................................................................. 80 COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES Combining Balance Sheet – Nonmajor Governmental Funds .......................................................... 83 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Governmental Funds ...................................................... 90 Budgetary Comparison Schedules – Special Revenue Funds State Gas Tax ............................................................................................................................. 97 Library and Museum ................................................................................................................... 98 Federal Assistance ...................................................................................................................... 99 SLESA ..................................................................................................................................... 100 Lighting and Landscaping ......................................................................................................... 101 Quimby .................................................................................................................................... 102 Public Safety ............................................................................................................................ 103 Art in Public Places .................................................................................................................. 104 South Coast Air Quality ............................................................................................................ 105 AB 939 ..................................................................................................................................... 106 Development Agreement .......................................................................................................... 107 Law Enforcement ..................................................................................................................... 108 Justice Assistance Grant............................................................................................................ 109 Measure A ................................................................................................................................ 110 Economic Development ............................................................................................................ 111 AB 1379 ................................................................................................................................... 112 Budgetary Comparison Schedules – Capital Projects Funds Capital Improvement ................................................................................................................ 113 Civic Center ............................................................................................................................. 114 Infrastructure ............................................................................................................................ 115 Transportation .......................................................................................................................... 116 Parks and Recreation ................................................................................................................ 117 Library Development ................................................................................................................ 118 Community Center ................................................................................................................... 119 Street Facility ........................................................................................................................... 120 Park Facility ............................................................................................................................. 121 Fire Facility .............................................................................................................................. 122 CITY OF LA QUINTA, CALIFORNIA COMPREHENSIVE ANNUAL FINANCIAL REPORT YEAR ENDED JUNE 30, 2019 TABLE OF CONTENTS (Continued) Page Budgetary Comparison Schedules – Debt Service Funds Financing Authority .................................................................................................................. 123 Combining Statement of Net Position – Internal Service Funds ................................................. 125 Combining Statement of Revenues, Expenses and Changes in Fund Net Position – Internal Service Funds ......................................................................... 126 Combining Statement of Cash Flows – Internal Service Funds .................................................. 127 Combining Statement of Net Position – All Agency Funds........................................................ 129 Combining Statement of Changes in Assets and Liabilities – All Agency Funds ........................ 130 STATISTICAL SECTION Net Position by Component (Table 1) ............................................................................................. 132 Changes in Net Position (Table 2) ................................................................................................... 134 Changes in Net Position – Governmental Activities (Table 3) ......................................................... 136 Changes in Net Position – Business-type Activities (Table 4) .......................................................... 139 Fund Balances of Governmental Funds (Table 5) ............................................................................ 140 Changes in Fund Balances of Governmental Funds (Table 6) .......................................................... 142 Tax Revenue by Source (Table 7) ................................................................................................... 144 Top 25 Sales Tax Producers (Table 8) ............................................................................................. 145 Taxable Sales by Category (Table 9) ............................................................................................... 147 Assessed Value and Estimated Actual Value of Taxable Property (Table 10) ................................... 149 Direct and Overlapping Property Tax Rates (Table 11) .................................................................... 150 Principal Property Taxpayers (Table 12) ......................................................................................... 152 Property Tax Levies and Collections (Table 13) .............................................................................. 153 Ratios of Outstanding Debt by Type (Table 14) ............................................................................... 154 Ratio of General Bonded Debt Outstanding (Table 15) .................................................................... 156 Direct and Overlapping Debt (Table 16) .......................................................................................... 157 Legal Debt Margin Information (Table 17) ...................................................................................... 158 Pledged-Revenue Coverage (Table 18)............................................................................................ 160 Demographic and Economic Statistics (Table 19) ............................................................................ 161 Principal Employers (Table 20) ....................................................................................................... 162 Full-time City Employees by Function (Table 21) ........................................................................... 163 Operating Indicators by Function (Table 22) ................................................................................... 164 Capital Asset Statistics by Function (Table 23)................................................................................ 165 Schedule of Insurance in Force (Table 24)....................................................................................... 166 This page left blank intentionally. i February 7, 2020 To the Citizens of La Quinta, and the Honorable Mayor and Members of the City Council: It is with great pleasure that we present to you the Comprehensive Annual Financial Report (CAFR) of the City of La Quinta for the fiscal year ending June 30, 2019. The CAFR has been prepared by the Finance Department for the benefit of City Council members, citizens, investors, grantors, employees, and others who may have an interest in the financial well- being of the City. The CAFR presents information regarding the City’s financial activities. This transmittal letter provides a non-technical summary of the City’s finances, services, achievements, and economic outlook. A more detailed analysis is presented in the Management’s Discussion and Analysis section (MD&A) that immediately follows the independent auditor’s report. The MD&A provides an overview and analysis of the basic financial statements and complements this transmittal. Responsibility for both the accuracy and the completeness of all disclosures rests with the City of La Quinta. To the best of our knowledge and belief, the enclosed data is accurate in all material respects and is reported in a manner designed to fairly present the financial position and results of City operations. Supplementary disclosures are included to summarize the City’s financial activities. This CAFR was prepared in conformance with Generally Accepted Accounting Principles (GAAP). The City’s financial reporting is based upon all Governmental Accounting Standards Board (GASB) pronouncements. Eide Bailly LLP has issued an unmodified (“clean”) opinion on the City’s financial statements for the year ended June 30, 2019. This is the most favorable conclusion. The independent auditor’s report is located at the front of the financial section. The independent audit involved examining evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and estimates made by management, and evaluating the overall financial statement presentation and conformity with GAAP. ii Government Profile The City of La Quinta is located 120 miles east of Los Angeles in the eastern portion of Riverside County known as the Coachella Valley. The City has a permanent population of approximately 42,000, within a boundary of 36 square miles. Each year nearly 18,000 seasonal residents also call La Quinta home from October through May. The City sits at the base of the Santa Rosa Mountains and is an integral part of the Coachella Valley’s world- renowned resort and retirement area. The City was incorporated in 1982 as a general law City and became a charter city in November 1996. It is governed by a five-member City Council under the Council/Manager form of government. The Mayor is directly elected, serves a two-year term, and represents the City at many public functions; the four Council Members serve four-year terms, with two Council Members elected every two years. The Mayor and Council Members are elected at large and also serve as the Board of Directors of the Housing and Finance Authorities. The Council appoints the City Manager, who in turn appoints the Directors of the various departments except for the City Attorney who is appointed by the Council. The Finance Director also serves as the City/Housing Authority Treasurer and the City Manager is also the Executive Director of the Housing Authority. The City provides a range of services, which include street and infrastructure construction and maintenance; community development and planning; affordable housing programs; code compliance; recreational and cultural activities; and operations management. The City contracts with other government agencies and private entities for specific services, including police and fire protection, library and museum services, water and sewer service, electricity service, public transit, refuse collection, and street sweeping. The City’s annual operating and capital improvement budgets are adopted by resolutions for the fiscal year that begins July 1st. Separate resolutions are adopted by the City Council and Board of Directors of the Housing and Finance Authorities. The annual budget is the foundation for the City’s financial planning and control. The budget is prepared by fund, function, department, and line item. Department Directors may transfer line item resources within a division with the approval of the City Manager. The City Manager may authorize transfers between divisions and departments. iii Local Economy According to the State of California Employment Development Department, as of November 2019, the unadjusted unemployment rate for La Quinta was 3.5%, which was lower than adjusted rates for Riverside County’s at 3.8% and the statewide average of 3.7%. The City’s dominant industries are recreation, tourism, and retailers, with the following being major employers: La Quinta Resort and Club, Desert Sands Unified School District, Wal-Mart Super Center, Costco, Home Depot, Imperial Irrigation District, Lowe’s Home Improvement, Target, and Traditions Golf Club. The City is committed to retaining and attracting new revenue-generating businesses. In 2019, the City welcomed Marvyn’s Magic Theater, Tuscano’s BrewQuinta, Planet Fitness, and Floor and Decor; along with the expansion of the popular Okura restaurant. Long-term Financial Planning Sound financial governance continues to be management’s focus. The City has a long history of providing superior service, life enrichment opportunities, and a quality environment to its residents, businesses, and visitors. La Quinta, like every other municipality in the State, is faced with rising pension and public safety costs, among other economic challenges. La Quinta is addressing these costs by establishing and funding Other Post Employment Benefit and Pension Trusts and conducting a regional assessment on police services to identify long-term savings. The City ensures that its long-range goals are met through a variety of Boards and Commissions. Each is comprised of Council appointed residents, may include a City Council representative, and are supported by City staff. In addition, the City has adopted various financial policies and practices with the goal of sustaining a fiscally resilient government over the long-term, improving fiscal sustainability, as well as increasing transparency and encouraging public engagement. In 2018/19, the General Fund’s non-spendable fund balance decreased by $19 million. The decrease reflects the write-off of five interfund loans as described in Note 19 of the financial statements. In addition, 2017/18 Pension Trust committed reserves of $2,000,000 were utilized and augmented with an additional $4,540,000 for a total of $6,540,000 to establish and fund a pension trust, which in 2018/19 is recognized as a restricted fund balance. In May 2018, the City adopted a Reserve Policy and as of June 30, 2019 reserves are 82% iv funded with a balance of $37.5 million and a goal of being fully funded by June 30, 2021. In addition, the City paid off a 1996 Civic Center general obligation bond. In June 2019 the City Council adopted a conservative budget for fiscal year 2019/20 based on current economic conditions. The adopted budget had operating revenues exceeding expenses by $292,300. Included in the 2019/20 budget were $21.2 million of capital improvements with 28% ($7,446,100) of these funds coming from the General Fund and 47% ($9,898,600) from grants. Improvements include parkway landscape turf conversions north of Highway 111, drainage improvements, and road and sidewalk improvements to decrease vehicle congestion and improve walkability. New community amenities include an event space at SilverRock, a Village Art Plaza Promenade, and a Skate Park. La Quinta has cultivated a sound foundation of General Fund revenues including sales tax, transient occupancy (hotel) tax, and property tax. The City was incorporated in 1982 after Proposition 13 was approved (the landmark property tax reform initiative enacted in 1978); as such, the City receives a smaller share of property tax revenue and must rely heavily on sales tax and transient occupancy (hotel) tax revenue for General Fund income. The Future The luxury Montage and lifestyle Pendry hotels are under construction. The development is adjacent to the SilverRock Golf Resort and includes a spa, conference center, lifestyle branded residential, resort and mixed-use villages, and a golf clubhouse. Concurrently, the City is constructing a 14-acre event site and passive community park adjacent to this development. The park will feature rolling hills, water features, meandering walkways, and 360-degree breathtaking views. A Residence Inn is also under construction on Highway 111. The Highway 111 business corridor is a two mile-long, 400-acre regional commercial hub at the center of the City, with daily traffic exceeding 40,000 vehicles, and accounts for nearly 80% of the City’s annual sales tax revenue. A visionary assessment of the corridor was completed in the Fall of 2019. The assessment produced a Highway 111 Corridor Plan (Plan) which identifies design and aesthetic opportunities to promote business visibility and access, emerging technology, mixed use development, future land-use, and development strategies. The Plan includes a community supported vision and guiding principles that encourage a vibrant and walkable area. In 2020, the City will begin to implement the various priorities identified in the Plan. v CV Link, a 49-mile long regional, multimodal pathway is under construction and will link Palm Springs to Thermal. CV Link is anticipated to attract 13,500 to 16,000 pedestrians, bicyclists, and other users annually. The pathway will run north of the Highway 111 corridor and supports new business opportunities. Awards and Acknowledgements 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 for its CAFR for the fiscal year ended June 30, 2018. This was the twenty-second consecutive year that the City received this prestigious award. To be awarded a Certificate of Achievement, the City had to publish an easily readable and efficiently organized CAFR. A Certificate of Achievement is valid for one year. We believe that our current CAFR 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. We would like to express our appreciation to the City Council for their ongoing oversight of the financial affairs of the City and their prudent fiscal, economic, and land use policy and direction. We also thank City staff with special appreciation to the Finance Department for their continued effort to provide accurate financial data and the preparation of this report. Respectfully Submitted, vi City of La Quinta List of Principal Officers June 30, 2019 CITY COUNCIL Linda Evans, Mayor Steve Sanchez, Mayor Pro Tem Kathleen Fitzpatrick, Council Member John Peña, Council Member Robert Radi, Council Member ADMINISTRATION Jon McMillen, City Manager Karla Romero, Finance Director/ City Treasurer Christopher Escobedo, Community Resources Director Danny Castro, Design and Development Director Gilbert Villalpando, Acting Facilities Deputy Director Monika Radeva, City Clerk William H. Ihrke, City Attorney vii viii What inspires you, inspires us. | eidebailly.com 19340 Jesse Ln., Ste. 260 | Riverside, CA 92508-5079 | T 951.367.3000 | F 951.367.3010 | EOE 1 Independent Auditor’s Report The Honorable Mayor and Members of City Council City of La Quinta, California Report on the Financial Statements We have audited the accompanying financial statements of the governmental activities, business-type activities, each major fund, and the aggregate remaining fund information of the City of La Quinta, California, (City), as of and for the year ended June 30, 2019, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents. Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor’s Responsibility Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. 2 Opinions In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, business-type activities, each major fund, and the aggregate remaining fund information of the City, as of June 30, 2019, and the respective changes in financial position, and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America. Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis, schedule of the City’s proportionate share of the net pension liability, schedule of pension plan contributions, schedule of changes in the net OPEB liability/(asset) and related ratios, schedule of OPEB contributions, budgetary comparison schedules for the General Fund and Housing Authority special revenue fund and the related notes, as listed on the table of contents, be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City's basic financial statements. The introductory section, combining and individual fund statements and schedules, and statistical section are presented for purposes of additional analysis and are not a required part of the basic financial statements. The combining and individual fund statements and schedules are the responsibility of management and were derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining and individual fund statements and schedules are fairly stated, in all material respects, in relation to the basic financial statements as a whole. The introductory and statistical sections have not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we do not express an opinion or provide any assurance on them. 3 Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated February 7, 2020, on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance. Riverside, California February 7, 2020 This page left blank intentionally. MANAGEMENT DISCUSSION AND ANALYSIS (UNAUDITED) This narrative provides an overview and analysis of the City of La Quinta’s (City) financial activities for the fiscal year ending June 30, 2019. The City Executive Team encourages readers to consider this information in conjunction with the data provided in our transmittal letter, which is in an earlier section of this report. All amounts, unless otherwise indicated, are rounded to the nearest thousands of dollars and dates are represented by fiscal year. This page left blank intentionally. 4 HIGHLIGHTS At the close of 2018/19 (June 30, 2019): • The total assets and deferred outflows of the City exceeded its total liabilities and deferred inflows at the close of the fiscal year 2018/19 by $746,237,000 (net position). Of this amount, $138,824,000 (unre- stricted net position) may be used to meet ongoing obligations and approximately $562,598,000 or 75% was invested in capital assets and is not available to meet ongoing obligations. • Governmental activities total net position increased by $21,552,000 and the Business-Type total net position increased by $5,233,000 which is attributable to the SilverRock Golf Course. • Governmental funds (General Fund, Housing Authority, Capital Improvement Fund, Civic Center Fund, seventeen (17) Special Revenue Funds, eight (8) capital projects funds, and the Finance Authority Fund) had a combined ending fund balance of $160,522,000, an increase of $10,840,000. The primary reasons for this increase are the establishment of a Pension Trust ($6,540,000), an extraordinary gain of $993,000 derived from the Redevelopment loan repayment, the write-off of five interfund loans, and a $2,550,000 increase in transient occupancy hotel and sales taxes combined. • The unassigned General Fund balance comprised $16,229,000, or 14%, of the total $117,638,000 balance and represented 22% of total final General Fund budgeted expenses including transfers and multi- year capital projects. • Total governmental activities debt decreased by $1,774,000 from $15,878,000 to $14,104,000. In 2018/19, the Eisenhower Drive retention basin land purchased for drainage improvements and the 1996 Civic Center Revenue Bonds were paid in full. (Note 5) OVERVIEW Government-Wide Financial Statements The government-wide financial statements provide a broad overview of the City’s finances. There are two statements – statement of net position and statement of activities, as described below. 5 The statement of net position presents information on all City assets and deferred outflows of resources as well as liabilities, and deferred inflows of resources, with the difference between the two reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the City’s financial position is improving or deteriorating. The statement of activities presents information showing how the government's net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event occurs giving rise to the change, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in f uture fiscal periods, for example, earned but unused vacation leave. Both of these government-wide financial statements distinguish City functions, which are principally supported by taxes , fees, and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user charges (business-type activities). Governmental activities include general government, public safety, community services, community development and publi c works; business-type activities include the SilverRock Gol f course operations. The government-wide financial statements include no t only the City of La Quinta (known as the primary government), but also the La Quinta Financing Authority and the La Quinta Housing Autho rity. Although legally separate entities, they function for all practical purposes as City departments. The government-wide financial statements are listed in the table of contents under the Financial Section of this report . Fund Financial Statements A fund is a grouping of related accounts and is use d to maintain control over resources that have been segregated for specif ic activities or objectives. The City, like other state and local governments, uses fund accounting to ensure compliance with finance-relate d legal requirements. All City’s funds are aggregated into three categories: governmental funds, proprietary funds, and fiduciar y funds. Government Funds Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the governmen t-wide financial statements, governmental fund financial statements focus on near- 6 term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fi scal year. Such information may be useful in evaluating a government's near-term financing requirements. Because the focus is narrower than the government-wide financial statements, it is useful to compare this informatio n with similar information presented for governmental activities in the government- wide financial statements. By doing so, readers may better understand the long-term impact of the government's near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The City maintains thirty (30) individual governmen tal funds, which are distinguished between major and non-major funds. Information is presented separately in the governmental fund balance sheet and in the governmental fund statement of revenues, expenditures, and changes in fund balances. There are four (4) major governmental funds: the General Fund, two (2) capital project funds, and one special revenue fund. Data from the other twenty-six (26) governmental funds are combined into a single, aggregate presentation. Individual fund data for each of these non-major governmental funds is provided in the form of combining statements under Other Governmental Funds. The City adopts an annual budget for its General Fund. A budgetary comparison schedule has been provided to demonstrat e compliance with the adopted budget. The basic governmental fund financial statements can be found in the table of contents under the heading Basic Financial Statements. Proprietary Funds Proprietary funds are broken down into enterprise and internal service funds. Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The City maintains one (1) enterprise fund to account for the SilverRock Golf Course operations, which is considered to be a major fund. Internal service funds are used to allocate costs among the City’s various functions. The City has four (4) internal service f unds: vehicles, information technology systems, park equipment and facilities, and insurance. Because these four (4) services predominantly benefit governmental rather than business-type functions, t hey have been included within governmental activities in the govern ment-wide financial statements. The internal service funds are combined into a single, 7 aggregated presentation in the proprietary fund financial statements. Individual fund data for the internal service funds is provided in the form of combining statements on the Combining and Individual Fund Statements. The basic proprietary fund financial statements are listed in the table of contents under Proprietary Funds: Statement of Net Position, Statement of Revenues, Expenses and Changes in Fund Net Position, and Statement of Cash Flows. Fiduciary Funds Fiduciary funds, also called agency funds, are used to account for resources held for the benefit of parties outside the government. Fiduciary funds are not reflected in the government-wide financial statements because the resources of those funds are not available to support the City’s own programs. The accounting used for fiduciary funds is much like that used for proprietary funds. The City reports on three fiduciary funds: 1) Successor Agency Trust which provides for activities associated with the dissolution of the former Redevelopment Agency, 2) Defined Contribution Pension Trust established to provide retirement benefits and 3) Agency Funds. The basic fiduciary fund financial statements are listed in the table of contents under Fiduciary Funds: Statement of Net Position – Fiduciary Funds and Changes in Net Position – Fiduciary Funds. Notes to the Financial Statements The notes to the financial statements provide information that is essential to obtain a full understanding of the data provided in the government-wide and fund financial statements. These notes are listed in the table of contents under Notes to Basic Financial Statements. Other Information In addition to the basic financial statements and accompanying notes, this report also presents the combining statements referred to earlier in connection with non-major governmental funds, internal service funds, and agency funds. The non-major governmental funds’ combining statements are presented immediately following the Required Supplementary Information while the combined statements for the internal service funds and agency funds are presented following the budgetary comparison schedules for the debt service funds. 8 Government-Wide Financial Analysis As noted earlier, net position may serve over time as a useful indicator of a government's financial position. In the case of the City, assets and deferred outflows of resources exceeded liabilities and deferred inflows of resources by $746,237,000 at the close of the 2018/19, which is $26,785,000 more than the previous year. Increases were reflected in all three categories; capital assets, restricted, and unrestricted net position for governmental activities. The largest portion of the City’s Net Position ($562,598,000 or 75% for 2018/19 and $554,499,000 or 77% for 2017/18) reflects investment in capital assets (e.g., land, buildings; machinery, and equipment), net of related debt. The City uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending. However, it should be noted that the resources needed to repay the related debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate debt. City of La Quinta Net Position An additional portion of the City's net position ($44,815,000 or 6% in 2019 and $39,205,000 or 5% in 2018) represents resources that are subject to external restrictions on how they may be used. The remaining balance of unrestricted Net Position $138,824,000 (19%) may be used to meet the government's ongoing obligations to citizens and creditors. At the end of 2018/19, the City had positive balances in all three categories of Net Position, both for the government as a whole, as well as for its separate governmental activities. As a result of an interfund loan write-off business type Unrestricted Net Position went from a deficit balance of $5,203,000 to a positive balance of $240,000 (Note 19). Current and other assets 197,620,032 217,716,936 0.102 (4,845,320) 795,460 (1.164) 192,774,712 218,512,396 0.134 Capital assets 510,913,594 519,979,940 0.018 43,585,880 43,375,536 (0.005) 554,499,474 563,355,476 0.016 Total Assets 708,533,626 737,696,876 0.041 38,740,560 44,170,996 0.140 747,274,186 781,867,872 0.046 Deferred outflows of resources 5,190,412 3,545,374 (0.317) - - - 5,190,412 3,545,374 (0.317) - - - Current liabilities 14,789,716 23,450,113 0.586 357,892 555,335 0.552 15,147,608 24,005,448 0.585 Non-current liabilities 17,259,349 14,103,617 (0.183) - - - 17,259,349 14,103,617 (0.183) Total Liabilities 32,049,065 37,553,730 0.172 357,892 555,335 0.552 32,406,957 38,109,065 0.176 Deferred inflows of resources 605,946 1,067,011 0.761 - - - 605,946 1,067,011 0.761 Net Position: Net investment in capital assets 510,913,594 519,221,969 0.016 43,585,880 43,375,536 (0.005) 554,499,474 562,597,505 0.015 Restricted 39,204,789 44,815,499 0.143 - - - 39,204,789 44,815,499 0.143 Unrestricted 130,950,644 138,584,041 0.058 (5,203,212) 240,125 (1.046) 125,747,432 138,824,166 0.104 Total Net Position 681,069,027 702,621,509 0.032 38,382,668 43,615,661 0.136 719,451,695 746,237,170 0.037 Total by Fiscal Year % Change 2018 2019 Governmental Activities Business-Type Activities% Change % Change 2018 2019 2018 2019 9 Governmental Activities Governmental activities Net Position increased by $21,552,000 accounting for a positive 3% percent change in the Net Position from the previous year. Key elements of these changes are as follows: City of La Quinta Changes in Net Position • Revenues overall increased by $9,350,000 with the largest increase ($4,347,000) being investment income followed by an increase of $2,550,000 in other taxes; attributed to transient occupancy and sales taxes combined. Additional increases include property taxes - $537,000, grant contributions - $1,364,000, capital gains - $1,007,000 and motor vehicle in lieu revenue - $145,000. These increases were offset by decreases totaling $600,000 for charges for services and miscellaneous revenues combined. • Expenses for Governmental Activities decreased by $13,003,000 (a 21% decrease when compared to 2017/18). The $11,150,000 decrease in public works reflects multiple projects in design phase with larger construction costs expected in 2019/20. As noted earlier Governmental Activities include 26 individual governmental funds and include capital asset activity allocated on a percentage basis by PROGRAM REVENUES: Charges for Services 3,473,058$ 3,128,405$ (344,653)$ 3,567,718$ 3,773,396$ 205,678$ 7,040,776$ 6,901,801$ (138,975)$ Operating Grants and Contributions 4,259,916 5,623,509 1,363,593 - - - 4,259,916 5,623,509 1,363,593 Capital Gains and Contributions 4,455,060 5,462,395 1,007,335 - - - 4,455,060 5,462,395 1,007,335 - GENERAL REVENUES & TRANSFERS - Property Taxes 15,887,015 16,423,843 536,828 - - - 15,887,015 16,423,843 536,828 Other Taxes 32,750,611 35,300,950 2,550,339 - - - 32,750,611 35,300,950 2,550,339 Investment Income 803,654 5,150,613 4,346,959 3,511 14,958 11,447 807,165 5,165,571 4,358,406 Motor Vehicle In Lieu 3,941,348 4,086,536 145,188 - - - 3,941,348 4,086,536 145,188 Miscellaneous 649,566 394,347 (255,219) - - - 649,566 394,347 (255,219) TOTAL REVENUES 66,220,228 75,570,598 9,350,370 3,571,229 3,788,354 217,125 69,791,457 79,358,952 9,567,495 EXPENSES: General Government 8,869,174 9,085,863 216,689 - - - 8,869,174 9,085,863 216,689 Public Safety 22,508,088 23,164,976 656,888 - - - 22,508,088 23,164,976 656,888 Planning & Development 4,352,134 5,913,321 1,561,187 - - - 4,352,134 5,913,321 1,561,187 Community Services 9,231,268 6,202,084 (3,029,184) - - - 9,231,268 6,202,084 (3,029,184) Public Works 15,580,975 4,430,519 (11,150,456) - - - 15,580,975 4,430,519 (11,150,456) Interest on Long-Term Debt 1,468,971 210,941 (1,258,030) - - - 1,468,971 210,941 (1,258,030) Golf Course - - - 4,318,463 4,558,922 240,459 4,318,463 4,558,922 240,459 TOTAL EXPENSES 62,010,610 49,007,704 (13,002,906) 4,318,463 4,558,922 240,459 66,329,073 53,566,626 (12,762,447) Excess or Deficiency before Transfers & Extraordinary Items 4,209,618 26,562,894 22,353,276 (747,234) (770,568) (23,334) 3,462,384 25,792,326 22,329,942 TRANSFERS & EXTRAORDINARY ITEMS: Extraordinary Gain on Dissolution of RDA 3,624,121 993,148 (2,630,973) - - - 3,624,121 993,148 (2,630,973) Special Item - Interfund Loans - (5,553,561) (5,553,561) - 5,553,561 5,553,561 - - - Transfers (434,000) (450,000) (16,000) 434,000 450,000 16,000 - - - Increase in Net Position 7,399,739 21,552,481 14,152,742 (313,234) 5,232,993 5,546,227 7,086,505 26,785,474 19,698,969 Net Position - Beginning 673,669,288 681,069,027 7,399,739 38,695,902 38,382,668 (313,234) 712,365,190 719,451,695 7,086,505 NET POSITION - ENDING 681,069,027$ 702,621,508$ 21,552,481$ 38,382,668$ 43,615,661$ 5,232,993$ 719,451,695$ 746,237,169$ 26,785,474$ Total by Fiscal YearBusiness-Type ActivitiesGovernmental Activities 2018 2019 2018 2019 2018 2019ChangeChange Change 10 department. Additional information on capital asset activity distribution can be found on Note 4. • The General Fund contributed $450,000 to the business-type activities of the golf course. Funds were utilized to support operations per the adopted budget. An interfund loan due to General Fund from SilverRock Golf Resort is reflected as a special item loss of $5,554,000 for Governmental Activities and gain for Business Type Activities. Business-Type Activities This was the fourteenth full year of operations for the SilverRock Golf Resort since the golf course opened in 2005. Charges for services primarily consisted of green f ees which totaled $3,773,000, $206,000 greater than the previous year, with golf course expenses of $4,559,000, which were $240,000 or approximately 5% more than the previous year. After transfers in and a special item resulting from an interfund loan write-off, the net position increased by $5,233,000. Expenses increases included a $122,000 increase in management services and an $84,000 increase for maintenance and operations. In 2018/19, the General Fund transferred $450,000 to the SilverRock Golf Fund to support operations. FINANCIAL ANALYSIS OF THE GOVERNMENT’S FUNDS As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. Governmental Funds The focus of the City’s governmental funds is to provide information on near-term inflows, outflows, and balances. Such inf ormation is useful in assessing the City's financing requirements. In particular, unassigned fund balance may serve as a useful measure of a gov ernment's net resources available for spending at the end of the fiscal year. 11 As of the end of 2018/19, the City's governmental fun ds reported combined ending fund as follows: City of La Quinta Governmental Fund Balances Governmental fund balances ended the year totaling $160,522,000, an increase of $10,840,000 in comparison with the prior years’ ending balance of $149,681,000. These collective fund balances include the General Fund, Housing Authority, Financing Authority, Capital Improvement Fund, Civic Center Fund, and various Special Revenue and Capital Improvement funds. Nonspendable Nonspendable reserves are $33,684,000 or 21%; these reserves are not available to fund operating expenditures because they are in the form of land and receivables. Restricted $51,355,000 (32%) are restricted fund balances, which are the result of external limitations on spending. The Restricted funds such as Measure A, which can only be used for transportation; Gas Tax Fund, restricted for street related purposes; Section 115 trust restricted for Pension Liabilities (new in 2018/19); or Housing Funds, restricted for housing activities to preserve and produce affordable housing. Committed $31,745,000 (20%) are committed fund balances which are the result of self-imposed limitations established by the City Council. The City adopted a Reserve Policy in May 2018 which established three additional General Fund committed reserve categories including: Economic Disaster Reserve, Capital Replacement Reserve, and a Pension Trust Reserve. Assigned Assigned funds are constrained by the City’s intent to use them for specific purposes and represent a total of $29,440,000 (18%) of the total fund balance. $11,853,000 represents funds for approved Capital Projects carryovers for multi-year projects. Available Measure G sales tax revenue ended the year at $7,722,000. $9,865,000 represents funds held in trust with the County of Riverside for fire services. Category General Fund Percent All Other Funds Percent Total Funds Percent Nonspendable 33,683,942$ 29%386$ 0.001% 33,684,328$ 21% Restricted 6,540,000 6%44,815,499 105% 51,355,499 32% Committed 31,745,300 27%- 0% 31,745,300 20% Assigned 29,439,978 25%- 0% 29,439,978 18% Unassigned 16,228,627 14% (1,931,951) -5% 14,296,676 9% TOTAL 117,637,847$ 100% 42,883,934$ 100% 160,521,781$ 100% 12 Unassigned The remaining fund balance or $14,297,000 represents unassigned fund balances or the residual net resources after taking into consideration the other classifications. The Capital Improvement Fund accounted for $380,000 of the negative $1,932,000 balance of all other funds. The remaining balance was largely attributed to the Library Development Impact Fee Fund. This amount represents an advance due to the Redevelopment (RDA) Successor Agency and is included in the Successor Agency of the former RDA as a receivable. General Fund The General Fund is the City’s chief operating fund. At the end of 2018/19, the unassigned fund balance was $16,229,000 while total fund balance was $117,638,000. The General Fund balance decreased by $4,186,000 in 2018/19. Key factors were: • A year-over-year decrease of $19,293,000 in non-spendable is attributed to the interfund loan write-offs described in Note 19, the sale of City owned property held for resale - $2,589,000, and the annual Redevelopment Agency loan repayment which reduced the due from other government balance by $1,696,000 resulting in an outstanding loan balance of $34,895,000 (recognized as 80% in the General Fund and 20% in the Housing Authority Fund). • Committed reserves increased by $2 million due to: a.) an increase in natural disaster reserve of $2,600,000, b.) an increase of $2,860,000 in economic disaster reserve, and c.) a decrease of $1,441,000 in operational carryovers. • Pension Trust reserves of $2,000,000 and an additional contribution of $4,540,000 for a total of $6,540,000 were used to establish a Pension Trust Fund in 2018/19, which removed this 2017/18 committed reserve category and established the Section 115 Trust Restricted reserve. • An increase of $9.5 million in assigned reserves was due to multi-year Capital Projects ($6,856,000) and Measure G sales tax revenue ($2,552,000) and fire services trust ($111,000). 13 • Assigned to public safety represents property tax accumulated and held in trust by the County of Riverside for fire protection, disaster preparedness and response, fire prevention, rescue, hazardous materials mitigation, technical rescue response, medical emergency services, and public service assists (the County and City negotiated an agreement wherein the County fire service property tax revenue generated in the two former City redevelopment project areas is pledged to the City to fund the aforementioned services). This portion of assigned fund balance as of June 30, 2019 is $9,865,000. • The General Fund revenues overall were $6,857,000 or 12% higher than budgeted. The increased revenue is attributable to higher collection of property, sales, and hotel taxes. Combined taxes collected were $2.9 million over budget. In addition, the extraordinary gain (RDA loan repayment and interest earned) of $795,000 was not budgeted; these funds are recognized in unassigned reserves and reduce non- spendable reserves each year. 80% of the extraordinary gain is recognized in the General Fund and 20% in the Housing Authority Fund. • Actual expenses were $4,241,000 lower than the final budget and $23,370,000 higher than 2017/18 expenditures. However, expenses included non-cash transactions for the disposal of land held for resale ($2,589,000) and interfund loan write-offs of $15,017,000. • Expense savings after these adjustments were $13,365,000 of which $12,598,000 were carried over into 2019/20 for continuing appropriations related to operations and Capital Improvement Projects (CIP). Housing Authority Fund The Housing Authority Fund is used to account for the activities of the Housing Authority; the Housing Authority invests in programs and projects that preserve and increase the supply of affordable housing in the City. The fund balance increased by $351,000 to end the year at $22,041,000. Capital Improvement Fund The Capital Improvement Fund is primarily used to record the expenditures for capital projects. The fund had thirty-five (35) active Capital Improvement Projects budgeted during 2018/19. The five most active projects were: 14 • Washington Street Apartments rehabilitation and expansion ($8,380,000) • Citywide drainage improvements ($1,545,000) • Madison Street widening from Avenue 50 to 52 ($1,508,000) • Pavement Management Plan street improvements ($1,075,000) • North La Quinta landscape improvements ($672,000) Civic Center Fund The Civic Center fund is primarily used to collect developer impact fees for the 2004 City Hall expansion and to fund a portion of the debt service on the original City Hall construction. The City Hall expansion was completed in 2007/08 and the final repayment of the original City Hall construction bonds was made in 2018/19. The $7,106,000 million advance from the General Fund was written off in 2018/19 (Note 19) resulting in a positive ending restricted fund balance of $80,000. PROPRIETARY FUNDS The City of La Quinta's proprietary funds provide the same type of information found in the government-wide financial statements, but in more detail. The financial activities of the City enterprise fund are addressed in the discussion of the City’s business-type activities. In addition, the City has four (4) internal service funds to accumulate resources for equipment and vehicle replacement, information technology, insurance, and park equipment and facility replacement. GENERAL FUND BUDGETARY HIGHLIGHTS Revenue appropriations and transfers in increased by $4,917,000 between the original ($52,297,000) and final amended budget ($57,215,000). The main components of the increase were due to sales tax revenue which increased by $2,090,000 and land sales of $1,384,000. Expenditure appropriations and transfers out increased by $21,345,000 between the original ($51,153,000) and final amended budget ($72,498,000). Following are the primary changes: 15 • $9,591,000 in operational and capital improvement project carryover appropriations from prior fiscal years to 2018/19 as approved by City Council • $6,540,000 added for the establishment of a Pension Trust using previously committed General Fund reserves ($2,000,000) and $4,540,000 from unassigned fund balance. • $2,160,000 allocated from Measure G reserves for capital projects • $2,976,000 transfer from the General Fund to the Economic Development Fund. CAPITAL ASSET AND DEBT ADMINISTRATION Capital Assets The City’s capital assets for its governmental and business-type activities as of June 30, 2019, were $563,355,000 (net of accumulated depreciation). This includes land, right of way, buildings and improvements, machinery and equipment, streets and bridges, and construction in progress. The investment in capital assets increased by $8,856,000 in 2018/19 primarily due to an increase in construction in progress. The following chart lists the asset categories for governmental and business-like activities net of depreciation: City of La Quinta Capital Assets (net of depreciati on) Major capital asset events included under Governmental Activities included the following: • Recording infrastructure improvements, street improvements, street right of way, street sidewalks and curbs and gutters, traffic signals, street medians, and construction in progress. 2018 2019 2018 2019 2018 2019 Land 66,594,534 66,571,934 39,712,955 39,712,955 106,307,489 106,284,889 Buildings & Improvements 40,659,592 39,212,401 3,556,823 3,342,277 44,216,415 42,554,678 Equipment & Furniture 1,012,039 1,178,546 316,102 320,304 1,328,141 1,498,850 Vehicles 1,000,246 828,376 - - 1,000,246 828,376 Software - - - - - - Infrastructure 387,495,409 382,503,766 - - 387,495,409 382,503,766 Construction in Progress 14,151,774 29,684,917 - - 14,151,774 29,684,917 TOTAL 510,913,594 519,979,940 43,585,880 43,375,536 554,499,474 563,355,476 Governmental Activities Business-Type ActivitiesDescription Total By Fiscal Year 16 Business-Type Activities The Golf Course capital asset balance at June 30, 2019, was $43,376,000, net of accumulated depreciation. The balance decreased by $210,000 reflects accumulated depreciation expensed in 2018/19. Additional information on the City of La Quinta’s capital assets can be found in Note 4 to the financial statements. Long-Term Debt At the end of 2018/19, the City governmental funds had total outstanding debt of $14,104,000. Of the total amount, $758,000 represents capital leases, $942,000 employee compensated absences, and as of 2018/19, the Net Pension Liability is reported as outstanding debt. City of La Quinta Outstanding Debt The total outstanding debt decreased by $1,775,000 during 2018/19, due to two final payments of $1,125,000 for land acquisition (Eisenhower Drive retention basin) and lease revenue bond payment of $650,000. Additional information on long-term debt can be found in Note 5 of the financial statements. REQUEST FOR INFORMATION This financial report is designed to provide a general overview of the City’s finances. Questions concerning this information or requests for additional information should be addressed to the City of La Quinta, Karla Romero, Finance Director, 78-495 Calle Tampico, La Quinta, CA, 92253, by telephone at 760-777-7073, or by email at finance@laquintaca.gov. Debt Type: 2018 2019 Capital Leases 667,035$ 757,971$ Compensated Absences 823,842 941,955 Land Acquisition Note Payable 1,125,000 - Revenue Bonds 650,000 - Net Pension Liability 12,612,523 12,403,691 TOTAL 15,878,400$ 14,103,617$ Governmental Activities This page left blank intentionally. CITY OF LA QUINTA, CALIFORNA STATEMENT OF NET POSITION JUNE 30, 2019 See accompanying notes to basic financial statements. 17 Governmental Business-Type Activities Activities Total Assets: Cash and investments 134,946,007$ 374,196$ 135,320,203$ Restricted cash and investments 6,540,000 - 6,540,000 Receivables: Accounts 1,013,720 69,368 1,083,088 Taxes 4,418,378 - 4,418,378 Notes and loans 22,890,422 - 22,890,422 Accrued interest 4,395,698 1,207 4,396,905 Prepaid costs 878,270 - 878,270 Deposits - 250,000 250,000 Due from other governments 36,897,435 - 36,897,435 Inventories - 100,689 100,689 Land held for resale 5,730,990 - 5,730,990 Net OPEB Asset 6,016 - 6,016 Capital assets not being depreciated 382,114,204 39,712,955 421,827,159 Capital assets, net of depreciation 137,865,736 3,662,581 141,528,317 Total Assets 737,696,876 44,170,996 781,867,872 Deferred Outflows of Resources: Deferred amounts related to OPEB 209,118 - 209,118 Deferred amounts related to pensions 3,336,256 - 3,336,256 Total Deferred Outflows of Resources 3,545,374 - 3,545,374 Liabilities: Accounts payable 12,203,848 499,841 12,703,689 Accrued liabilities 439,267 19,994 459,261 Unearned revenue 1,203,461 - 1,203,461 Deposits payable 7,967,844 35,500 8,003,344 Due to other governments 1,635,693 - 1,635,693 Noncurrent liabilities: Due within one year 176,455 - 176,455 Due in more than one year 13,927,163 - 13,927,163 Total Liabilities 37,553,731 555,335 38,109,066 Deferred Inflows of Resources: Deferred amounts related to OPEB 39,483 - 39,483 Deferred amounts related to pensions 1,027,528 - 1,027,528 Total Deferred Inflows of Resources 1,067,011 - 1,067,011 Net Position: Net investment in capital assets 519,221,969 43,375,536 562,597,505 Restricted for: Planning and development projects 22,996,435 - 22,996,435 Public safety 1,391,721 - 1,391,721 Public works 2,667,401 - 2,667,401 Capital projects 3,984,232 - 3,984,232 Community services 13,775,710 - 13,775,710 Unrestricted 138,584,041 240,125 138,824,166 Total Net Position 702,621,509$ 43,615,661$ 746,237,170$ Primary Government CITY OF LA QUINTA, CALIFORNIA STATEMENT OF ACTIVITIES FOR THE YEAR ENDED JUNE 30, 2019 See accompanying notes to basic financial statements. 18 Operating Capital Charges for Contributions Contributions Expenses Services and Grants and Grants Functions/Programs Primary Government: General government 9,085,863$ 516,115$ 699,242$ 200,499$ Public safety 23,164,976 376,249 10,500 154,765 Planning and development 5,913,321 636,683 158,326 1,373,474 Community services 6,202,084 479,542 2,935,769 - Public works 4,430,519 1,119,816 1,819,672 3,733,657 Interest on long-term debt 210,940 - - - Total Governmental Activities 49,007,703 3,128,405 5,623,509 5,462,395 Business-Type Activities: Golf Course 4,558,922 3,773,396 - - Total Primary Government 53,566,625$ 6,901,801$ 5,623,509$ 5,462,395$ General Revenues: Taxes: Property taxes, levied for general purpose Transient occupancy taxes Sales taxes Franchise taxes Business licenses taxes Other taxes Motor vehicle in lieu - unrestricted Investment income Other Special Item Extraordinary item Transfers Change in Net Position Net Position at Beginning of Year Net Position at End of Year Program Revenues Total General Revenues, Special Items, Extraordinary Items and Transfers See accompanying notes to basic financial statements. 19 Governmental Business-Type Activities Activities Total (7,670,007)$ -$ (7,670,007)$ (22,623,462) - (22,623,462) (3,744,838) - (3,744,838) (2,786,773) - (2,786,773) 2,242,626 - 2,242,626 (210,940) - (210,940) (34,793,394) - (34,793,394) - (785,526) (785,526) (34,793,394)$ (785,526)$ (35,578,920)$ 16,423,843 - 16,423,843 11,230,915 - 11,230,915 20,905,243 - 20,905,243 2,032,848 - 2,032,848 418,707 - 418,707 713,237 - 713,237 4,086,536 - 4,086,536 5,150,613 14,958 5,165,571 394,347 - 394,347 (5,553,561) 5,553,561 - 993,148 - 993,148 (450,000) 450,000 - 56,345,876 6,018,519 62,364,395 21,552,482 5,232,993 26,785,475 681,069,027 38,382,668 719,451,695 702,621,509$ 43,615,661$ 746,237,170$ Primary Government Net (Expense) Revenue and Changes in Net Position CITY OF LA QUINTA, CALIFORNIA BALANCE SHEET GOVERNMENTAL FUNDS JUNE 30, 2019 See accompanying notes to basic financial statements. 20 Housing Capital General Authority Improvement Civic Center Assets: Pooled cash and investments 89,606,389$ 13,031,452$ 2,169,551$ 81,324$ Restricted cash and investments 6,540,000 - - - Receivables: Accounts 877,945 131,985 - - Taxes 4,326,100 - - - Notes and loans - 22,890,422 - - Accrued interest 221,894 4,089,930 - 226 Prepaid costs 37,182 - - - Due from other governments 28,659,723 6,978,943 245,425 - Due from other funds 428,407 - - - Land held for resale 5,730,990 - - - Total Assets 136,428,630$ 47,122,732$ 2,414,976$ 81,550$ Liabilities, Deferred Inflows of Resources and Fund Balances Liabilities: Accounts payable 9,979,131$ 41,212$ 1,523,875$ 1,810$ Accrued liabilities 406,872 7,964 - - Unearned revenues 39,101 - 1,160,570 - Deposits payable 7,943,836 24,008 - - Due to other governments 87,257 - - - Due to other funds - - - - Total Liabilities 18,456,197 73,184 2,684,445 1,810 Deferred Inflows of Resources: Unavailable revenue 334,586 25,008,451 110,454 - Fund Balances: Nonspendable: Prepaid costs 37,182 - - - Land held for resale 5,730,990 - - - Due from other governments 27,915,770 - - - Restricted for: Planning and development projects - 22,041,097 - - Public safety - - - - Community services - - - - Public works - - - - Capital projects - - - 79,740 Section 115 trust 6,540,000 - - - Committed to: Natural Disaster Reserve 10,000,000 - - - Economic Disaster Reserve 11,000,000 - - - Cash Flow Reserve 5,000,000 - - - Capital Replacement Reserve 5,000,000 - - - Carryovers 745,300 - - - Assigned for: Public safety 9,864,841 - - - Sales Tax Reserve 7,721,975 - - - Capital projects 11,853,162 - - - Unassigned 16,228,627 - (379,923) - Total Fund Balance 117,637,847 22,041,097 (379,923) 79,740 Total Liabilities, Deferred Inflows of Resources and Fund Balances 136,428,630$ 47,122,732$ 2,414,976$ 81,550$ Special Revenue Funds Capital Projects Funds 21 Other Total Governmental Governmental Funds Funds 22,163,812$ 127,052,528$ - 6,540,000 - 1,009,930 92,278 4,418,378 - 22,890,422 61,679 4,373,729 386 37,568 1,013,344 36,897,435 - 428,407 - 5,730,990 23,331,499$ 209,379,387$ 574,629$ 12,120,657$ 22,446 437,282 - 1,199,671 - 7,967,844 1,548,436 1,635,693 42,968 42,968 2,188,479 23,404,115 - 25,453,491 386 37,568 - 5,730,990 - 27,915,770 955,338 22,996,435 1,391,721 1,391,721 13,775,710 13,775,710 2,667,401 2,667,401 3,904,492 3,984,232 - 6,540,000 - 10,000,000 - 11,000,000 - 5,000,000 - 5,000,000 - 745,300 - 9,864,841 - 7,721,975 - 11,853,162 (1,552,028) 14,296,676 21,143,020 160,521,781 23,331,499$ 209,379,387$ This page left blank intentionally. CITY OF LA QUINTA, CALIFORNIA GOVERNMENTAL FUNDS RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION JUNE 30, 2019 See accompanying notes to basic financial statements. 22 Fund Balances of Governmental Funds 160,521,781$ Amounts reported for governmental activities in the statement of net position are different because: Capital assets net of accumulated depreciation have not been included as current financial resources in governmental fund activity 505,401,009 Net OPEB asset is not considered a current financial resource 6,016 Long-term liabilities are not due and payable in the current period and therefore are not reported in the governmental funds Capital lease payable (88,759)$ Compensated absences (941,955) Net pension liability (12,403,691) (13,434,405) Deferred outflows related to pensions 3,336,256 Deferred outflows related to OPEB 209,118 Deferred inflows related to pensions (1,027,528) Deferred inflows related to OPEB (39,483) Revenues reported as unavailable revenue in the governmental funds are recognized in the statement of activities.25,453,491 Internal service funds are used by management to charge the costs of certain activities, such as equipment management and self-insurance, to individual funds. The assets and liabilities of the internal service funds are included in governmental activities of the statement of net position 22,195,254 Net Position of Governmental Activities 702,621,509$ CITY OF LA QUINTA, CALIFORNIA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2019 See accompanying notes to basic financial statements. 23 Special Revenue Funds Housing Capital General Authority Improvements Civic Center Revenues: Taxes 47,664,927$ -$ -$ -$ Assessments - - - - Licenses and permits 1,555,026 - - - Intergovernmental 7,256,245 - 1,282,273 - Charges for services 1,170,825 - - - Use of money and property 2,650,432 870,185 18,893 865 Fines and forfeitures 375,491 - - - Developer participation - - 774,304 176,934 Miscellaneous 2,317,491 58,815 - - Total Revenues 62,990,437 929,000 2,075,470 177,799 Expenditures: Current: General government 10,128,408 - - - Public safety 23,077,557 - - - Planning and development 4,136,649 610,055 1,492,068 4,541 Community services 3,863,726 166,666 - - Public works 1,107,124 - - - Capital outlay 897,269 - 8,035,167 - Debt service: Principal retirement - - - - Interest and fiscal charges - - - 96,696 Total Expenditures 43,210,733 776,721 9,527,235 101,237 Excess (deficiency) of revenues over (under) expenditures 19,779,704 152,279 (7,451,765) 76,562 Other Financing Sources (Uses): Transfers in 286,590 - 7,731,237 - Transfers out (10,029,405) - (311,833) - Total Other Financing Sources (Uses)(9,742,815) - 7,419,404 - Special Item: Interfund loan payoff (15,017,126) - - 7,106,231 - Extraordinary Item: Successor Agency loan 794,517 198,631 - - Net change in fund balances (4,185,720) 350,910 (32,361) 7,182,793 Fund Balances, Beginning of Year 121,823,567 21,690,187 (347,562) (7,103,053) Fund Balances, End of Year 117,637,847$ 22,041,097$ (379,923)$ 79,740$ Capital Projects Funds 24 Other Total Governmental Governmental Funds Funds 797,566$ 48,462,493$ 961,633 961,633 - 1,555,026 5,537,462 14,075,980 - 1,170,825 1,284,276 4,824,651 - 375,491 1,280,233 2,231,471 49,369 2,425,675 9,910,539 76,083,245 1,000 10,129,408 87,419 23,164,976 172,153 6,415,466 1,913,808 5,944,200 3,112,337 4,219,461 164,024 9,096,460 650,000 650,000 81,384 178,080 6,182,125 59,798,051 3,728,414 16,285,194 4,924,769 12,942,596 (3,485,652) (13,826,890) 1,439,117 (884,294) 2,357,334 (5,553,561) - 993,148 7,524,865 10,840,487 13,618,155 149,681,294 21,143,020$ 160,521,781$ CITY OF LA QUINTA, CALIFORNIA RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES FOR THE YEAR ENDED JUNE 30, 2019 See accompanying notes to basic financial statements. 25 Net Change in Fund Balances - Total Governmental Funds 10,840,487$ Amounts reported for governmental activities in the statement of activities are different because: Governmental funds report capital outlays as expenditures. However, in the statement of activities, the costs of those assets are allocated over their estimated useful lives as depreciation expense. Adjustments for capital outlay, net of asset deletions and the net depreciation expense is reported in the governmental activities.9,484,959 This issuance of long-term debt liabilities provides current financial resources in the governmental funds, but issuing debt increases the long-term liabilities in the statement of net position. Repayment of bond principal is an expenditure in the governmental fund, but the repayment reduces long-term liabilities in the statement of net position Principal repayments 650,000 Capital lease activity (65,458) Loan repayments 1,125,000 1,709,542 Accrued interest for long-term liabilities. This is the net change in accrued interest for the current period.50,493 Compensated absences expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds.(118,113) Governmental funds report OPEB contributions as expenditures. However, in the Statement of Activities, OPEB expense is measured as the change in OPEB liability and the amortization of deferred outflows and inflows of resources related to OPEB. This amount represents the net change in OPEB related amounts.33,200 Pension expense recognizes the change in net pension liability and related deferred outflows and inflows of resources and therefore is not recognized under the current resources measurement and (decreases)/increases from net position.(543,506) Revenues reported as unavailable revenue in the governmental funds are recognized as operating contributions and grants in the statement of activities (867,999) Internal service funds are used by management to charge the costs of certain activities, such as equipment management and self-insurance, to individual funds. The net revenues (expenses) of the internal service funds is reported with 963,419 governmental activities 21,552,482$ Change in net position of governmental activities CITY OF LA QUINTA, CALIFORNIA STATEMENT OF NET POSITION PROPRIETARY FUNDS JUNE 30, 2019 See accompanying notes to basic financial statements. 26 Business-Type Governmental Activities Activities Enterprise Funds Internal Service Golf Course Funds Assets: Current: Cash and investments 374,196$ 7,893,479$ Receivables: Accounts 69,368 3,790 Accrued interest 1,207 21,968 Prepaid costs - 840,702 Deposits 250,000 - Inventories 100,689 - Total Current Assets 795,460 8,759,939 Noncurrent: Capital assets - net of accumulated depreciation 43,375,536 14,578,933 Total Assets 44,170,996 23,338,872 Liabilities: Current: Accounts payable 499,841 83,191 Accrued liabilities 19,994 1,985 Deposits payable 35,500 - Due to other funds - 385,439 Deferred revenues - 3,790 Current portion of capital leases - 151,345 Total Current Liabilities 555,335 625,750 Noncurrent Liabilities: Long-term portion of capital leases - 517,868 Total Liabilities 555,335 1,143,618 Net Position: Net investment in capital assets 43,375,536 13,909,720 Unrestricted 240,125 8,285,534 Total Net Position 43,615,661$ 22,195,254$ CITY OF LA QUINTA, CALIFORNIA STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET POSITION PROPRIETARY FUNDS YEAR ENDED JUNE 30, 2019 See accompanying notes to basic financial statements. 27 Business-Type Governmental Activities Activities - Enterprise Funds Internal Golf Course Service Funds Operating Revenues: Sales and service charges 3,773,396$ 3,591,374$ Operating Expenses: Administration and general 59,638 257,179 Fuel and oil - 66,256 Maintenance and parts - 322,924 Contract services 4,016,569 533,558 Software and supplies - 1,077,564 Depreciation expense 254,683 1,076,980 Other 228,032 - Total Operating Expenses 4,558,922 3,334,461 Operating Income (Loss)(785,526) 256,913 Nonoperating Revenues (Expenses): Interest revenue 14,958 225,751 Interest expense - (83,354) Loss on disposal of capital assets - 129,815 Total Nonoperating Revenues (Expenses)14,958 272,212 Income (Loss) before transfers (770,568) 529,125 Transfers in 450,000 445,000 Transfers out - (10,706) Total Transfers 450,000 434,294 Special item- Interfund loan payoff 5,553,561 - Changes in Net Position 5,232,993 963,419 Net Position, Beginning of the Year 38,382,668 21,231,835 Net Position at End of Year 43,615,661$ 22,195,254$ CITY OF LA QUINTA, CALIFORNIA STATEMENT OF CASH FLOWS PROPRIETARY FUNDS YEAR ENDED JUNE 30, 2019 See accompanying notes to basic financial statements. 28 Business-Type Governmental Activities-Activities- Enterprise Funds Internal Golf Course Service Funds Cash Flows from Operating Activities: Cash received from customers and users 3,762,545$ -$ Cash received from interfund services provided - 3,588,870 Cash payments to suppliers for goods and services (4,136,630) (2,461,195) Net Cash Provided by (Used for) Operating Activities (374,085) 1,127,675 Cash Flows from Non-Capital Financing Activities: Cash transfers in 450,000 - Other receipts - 445,000 Net Cash provided by Non-Capital Financing Activities 450,000 445,000 Cash Flows from Capital and Related Financing Activities: Capital contributions 40,504 - Acquisition and construction of capital assets - (649,583) Interest paid on capital debt - (83,354) Cash transfers out - (10,706) Proceeds from sales of capital assets - 129,815 Net Cash Provided by (Used for) Capital and Related Financing Activities 40,504 (613,828) Cash flows from investing activities: Interest received on investments 14,963 221,841 Net Increase (Decrease) in Cash and Cash Equivalents 131,382 1,180,688 Cash and Cash Equivalents at Beginning of Year 242,814 6,712,791 Cash and Cash Equivalents at End of Year 374,196$ 7,893,479$ CITY OF LA QUINTA, CALIFORNIA STATEMENT OF CASH FLOWS, (CONTINUED) PROPRIETARY FUNDS YEAR ENDED JUNE 30, 2019 See accompanying notes to basic financial statements. 29 Business-Type Governmental Activities-Activities- Enterprise Funds Internal Golf Course Service Funds Reconciliation of Operating Income (Loss) to Net Cash Provided by (Used for) Operating Activities: Operating income (loss)(785,526)$ 256,913$ Adjustments to reconcile operating income (loss) net cash provided (used) by operating activities: Depreciation 254,683 1,076,980 (Increase) decrease in accounts receivable (10,851) (3,790) (Increase) decrease in inventories (29,834) - (Increase) decrease in prepaid expense - (197,570) Increase (decrease) in accounts payable 177,449 (38,015) Increase (decrease) in accrued liabilities 19,994 1,985 Increase (decrease) in deferred revenues - 3,790 Increase (decrease) due to other funds - 27,382 Net Cash Provided by (Used for) by Operating Activities (374,085)$ 1,127,675$ Non-Cash Transactions Capital assets acquired by capital lease -$ 29,951$ Special item- interfund loan payoff 5,553,562$ -$ CITY OF LA QUINTA, CALIFORNIA STATEMENT OF FIDUCIARY NET POSITION FIDUCIARY FUNDS JUNE 30, 2019 See accompanying notes to basic financial statements. 30 Pension Trust Private-Purpose Fund Trust Fund Successor Agency Supplemental Agency of the Funds Pension Plan former RDA Assets: Cash and investments 29,389$ 106,624$ 36,573,141$ Receivables: Notes and loans - - 1,282,106 Accrued interest 81 298 131,587 Prepaid asset - - 512,031 Due from other governments - - 1,548,436 Restricted assets: Cash and investments with fiscal agent - - 1,675 Total Assets 29,470$ 106,922$ 40,048,976$ Deferred Outflows of Resources: Deferred charge on refunding 10,299,814 Liabilities: Accounts payable - - 11,212 Accrued interest - - 3,237,605 Deposits payable 29,470 - - Long-term liabilities: Due in one year - - 11,875,327 Due in more than one year - - 219,145,245 Total Liabilities 29,470$ - 234,269,389 Net Position (Deficit): Restricted for pensions 106,922$ Held in trust for private purposes (183,920,599)$ CITY OF LA QUINTA, CALIFORNIA STATEMENT OF CHANGES IN FIDUCIARY NET POSITION FIDUCIARY FUNDS YEAR ENDED JUNE 30, 2019 See accompanying notes to basic financial statements. 31 Pension Trust Private-Purpose Fund Trust Fund Successor Supplemental Agency of the Pension Plan Former RDA Additions: Taxes -$ 20,667,124$ Net investment income 3,551 952,931 Total Additions 3,551 21,620,055 Deductions: Administrative expenses 12,833 54,998 Contractual services - 8,462,231 Interest and fiscal charges - 9,511,773 Total Deductions 12,833 18,029,002 Extraordinary Item: Successor Agency loan principal - (993,148) Changes in Net Position (9,282) 2,597,905 Net Position/(Deficit) - Beginning of the Year 116,204 (186,518,504) Net Position/(Deficit) - End of the Year 106,922$ (183,920,599)$ CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 32 Note Description Page Number 1 Summary of Significant Accounting Policies 33 2 Cash and Investments 44 3 Notes Receivable 48 4 Capital Assets 49 5 Changes in Long-Term Liabilities – Governmental Activities 51 6 Interfund Receivables and Payables 53 7 Interfund Transfers 53 8 Defined Benefit Pension Plan 54 9 Defined Contribution Plan 57 10 Other Post Employment Benefit Plan (OPEB) 57 11 Section 115 Trust 60 12 Risk Management 61 13 Fund Balance 63 14 Golf Course Management Agreement 64 15 Construction Commitments 65 16 Reimbursement Agreements 65 17 Successor Agency Trust for Assets of Former Redevelopment Agency 66 18 Extraordinary Item 72 19 Special Item 72 CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 33 I. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES a. Reporting Entity The City of La Quinta (City) was incorporated May 1, 1982, under the general laws of the State of California. In November 1996, the City became a charter City. The City operates under the Council – Manager form of government. The City provides many community services including public safet y, highway and street maintenance, health and social services, cultural and leisure services, public improvements, planning and zoning services, and community development services. The accounting policies of the City conform to generally accepted accounting principles as applicable to governments. As required by generally accepted accounting principles, these financial statements present the City and its component units, which are entities for which the City is considered to be financially accountable. The City is considered to be financially accountable for an organization if the City appoints a voting majority of that organization’s governing body and the City is able to impose its will on that organization or there is a potential for that organization to provide specific financial benefits to or impose specific financial burdens on the City. The City is also considered to be financially accountable if an organization is fiscally dependent (i.e., it is unable to adopt its budget, levy taxes, set rates or charges, or issue bonded debt without approval from the City). In certain cases, other organizations are included as component units if the nature and significance of their relationship with the City are such that their exclusion would cause the City’s financial statements to be misleading or incomplete. All of the City’s component units are considered to be blended component units. Blended component units, although legally separate entities, are, in substance, part of the City’s operations and so data from these units are reported with the interfund data of the primary government. The following organizations are considered to be component units of the City: City of La Quinta Public Financing Authority The La Quinta Public Financing Authority (Financing Authority) was established pursuant to a Joint Exercise of Powers Agreement dated November 19, 1991, between the City and the Former Redevelopment Agency (now Successor Agency). The purpose of the Financing Authority is to provide financing necessary for the construction of various public improvements through the issuance of debt. Although the Financing Authority is legally separate, it is reported as if it were part of the City because the City Council also serves as the governing board of the Financing Authority and the management of the City has operational responsibility for the Financing Authority. Separate financial statements of the Financing Authority are not prepared. City of La Quinta Housing Authority The La Quinta Housing Authority (Housing Authority) was established pursuant to California Housing Authorities Law (Health and Safety Code Sections 34200 et seq.) on September 15, 2009. The purpose of the Housing Authority is to provide safe and sanitary hous ing opportunities for La Quinta residents. Although the Housing Authority is legally separate, it is reported as if it were part of the City because the City Council also serves as the governing board of the Housing Authority and the management of the City has operational responsibility for the Housing Authority. Separate financial statements of the Housing Authority are not prepared. CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 34 NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) b. Government-Wide and Fund Financial Statements The basic financial statements of the City are composed of the following: • Government-wide financial statements • Fund financial statements • Notes to the financial statements Government-wide Financial Statements The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the nonfiduciary activities of the primary government and its component units. All fiduciary activities are reported only in the fund financial statements. Governmental activities, which normally are supported by taxes, intergovernmental revenues, and other nonexchange transactions, are reported separately from business-type activities, which rely to a significant extent on fees and charges to external customers for support. Likewise, the primary government is reported separately from certain legally separate component units for which the primary government is financially accountable. The statement of activities demonstrates the degree to which the direct expenses of a given function or segments are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include charges for services, special assessments, and payments made by parties outside of the reporting City’s cit izenry if that money is restricted to a particular program. Program revenues are netted with program expenses in the statement of activities to present the net cost of each program. Taxes and other items not properly included among program revenues are reported instead as general revenues. Amounts paid to acquire capital assets are capitalized as assets in the government-wide financial statements, rather than reported as expenditures. Proceeds of long-term debt are recorded as a liability in the government-wide financial statements, rather than as other financing sources. Amounts paid to reduce long-term indebtedness of the reporting government are reported as a reduction of the related liability, rather than as expenditures. Fund Financial Statements The underlying accounting system of the City is organized and operated on the basis of separate funds, each of which is considered to be a separate accounting entity. The operations of each fund are accounted for with a separate set of self-balancing accounts that comprise its assets, deferred outflows of resources, liabilities, deferred inflows of resources, fund equity, revenues and expenditures or expenses, as appropriate. Governmental resources are allocated to and accounted for in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled. Fund financial statements for the governmental, proprietary, and fiduciary funds are presented after the government-wide financial statements. These statements display information about major funds individually and nonmajor funds in the aggregate for governmental and proprietary funds. Fiduciary statements include financial information for fiduciary funds. Fiduciary funds of the city primarily represent assets held by the City in a custodial capacity for other individuals or organizations. CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 35 NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) c. Measurement Focus, Basis of Accounting and Financial Statement Presentation Government-Wide Financial Statements While separate government-wide and fund financial statements are presented, they are interrelated. The governmental activities column incorporates data from governmental funds and internal service funds, while business-type activities incorporate data from the government's enterprise funds. Separate financial statements are provided for governmental funds, proprietary funds, and fiduciary funds, even though the latter are excluded from the government-wide financial statements. The government-wide financial statements are reported using the economic resources measurement focus basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred regardless of the related cash flows. Property taxes are recognized in the year they are levied. Grants and similar items are recognized as soon as all eligibility requirements imposed by the providers are met. Governmental Funds In the fund financial statements, governmental funds are presented using the modified-accrual basis of accounting. Their revenues are recognized when they become measurable and available as net current assets. Measurable means that the amounts can be estimated, or otherwise determined. Available means that the amounts were collected during the reporting period or soon enough thereafter to be available to finance the expenditures accrued for the reporting period. The City uses a 60-day availability period. Revenue recognition is subject to the measurable and availability criteria for the governmental funds in the fund financial statements. Exchange transactions are recognized as revenues in the period in which they are earned (i.e., the related goods or services are provided). Locally imposed delivered tax revenues are recognized as revenues in the period in which the underlying exchange transaction on which they are based takes place. Imposed nonexchange transactions are recognized as revenues in the period for which they were imposed. If the period of use is not specified, they are recognized as revenues when an enforceable legal claim to the revenues arises or when they are received, whichever occurs first. Government-mandated and voluntary non-exchange transactions are recognized as revenues when all applicable eligibility requirements have been met. Property taxes, franchise taxes, licenses and interest associated with the current fiscal period are all considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. All other revenue items are considered to be measurable and available only when cash is received by the government. In the fund financial statements, governmental funds are presented using the current financial resources measurement focus. This means that only current assets, deferred outflows of resources, current liabilities, and deferred inflows of resources are generally included on their balance sheets. The reported fund balance is considered to be a measure of “available spendable resources”. Governmental fund operating statements present increases (revenues and other financing sources) and decreases (expenditures and other financing uses). Accordingly, they are said to present a summary of sources and uses of “available spendable resources” during a period. CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 36 NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) c. Measurement Focus, Basis of Accounting and Financial Statement Presentation (Continued) Noncurrent portions of long-term receivables due to governmental funds are reported on their balance sheets in spite of their spending measurement focus. Special reporting treatments are used to indicate, however, that they should not be considered “available spendable resources”, since they do not represent net current assets. Recognition of governmental fund type revenues represented by noncurrent receivables are deferred until they become current receivables. Noncurrent portions of other long-term receivables are offset by fund balance reserve accounts. Because of their spending measurement focus, expenditure recognition for governmental fund types excludes amounts represented by noncurrent liabilities. Since they do not affect net current assets, such long-term amounts are not recognized as governmental fund type expenditures or fund liabilities. Amounts expended to acquire capital assets are recorded as expenditures in the year that resources were expended, rather than as fund assets. The proceeds of long-term debt are recorded as other financing sources rather than as a fund liability. Amounts paid to reduce long-term indebtedness are reported as fund expenditures. Proprietary Funds The City’s enterprise and internal service funds are proprietary funds. In the fund financial statements, proprietary funds are presented using the accrual basis of accounting. Revenues are recognized when they are earned and expenses are recognized when the related goods or services are delivered. In the fund financial statements, proprietary funds are presented using the economic resources measurement focus. This means that all assets, all deferred outflows of resources, all liabilities, and all deferred inflows of resources (whether current or noncurrent) associated with their activity are included on their balance sheets. Proprietary fund type operating statements present increases (revenues) and decreases (expenses) in total net position. Amounts paid to acquire capital assets are capitalized as assets in the proprietary fund financial statements, rather than reported as expenditures. Proceeds of long-term debt are recorded as a liability in the proprietary fund financial statements, rather than as an other financing source. Amounts paid to reduce long-term indebtedness of the proprietary funds are reported as a reduction of the related liability, rather than as expenditures. Proprietary funds distinguish operating revenues and expens es from nonoperating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund's principal ongoing operations. The principal operating revenues of the Enterprise Funds are charges to customers for sales and services. Operating expenses for Enterprise Funds include the cost of sales and services, administrative expenses and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses. CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 37 NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) c. Measurement Focus, Basis of Accounting and Financial Statement Presentation (Continued) Fiduciary Funds The pension and private-purpose trust funds are reported using the economic resources measurement focus and the accrual basis of accounting. The agency fund has no measurement focus but utilizes the accrual basis of accounting for reporting its assets and liabilities. d. Major Funds, Internal Service Funds and Fiduciary Fund Types The City’s major governmental funds are as follows: General Fund – This fund is the primary fund of the City and is used to account for all revenue and expenditures of the City not legally restricted as to use. A broad range of municipal activities are provided through this fund including City Manager, City Attorney, Finance, City Clerk, Community Development, Police Services, Public Works, and Community Services. Housing Authority- This fund accounts for the combined housing activities of the Housing Authority in Project Areas 1 and 2 which promotes and provides for quality housing. Revenues will be provided from the receipts and collections of rents, notes and loans. All monies in the Housing Authority must be used in accordance with the applicable housing-related provisions of the California Housing Authorities Law. Capital Improvement Fund – This capital projects fund is used to account for the planning, design and construction of various capital projects throughout the City. Civic Center Fund – This fund accounts for the accumulation of resources provided through developer fees for the acquisition, construction, or improvement of the Civic Center. The City’s major proprietary fund is as follows: Golf Course – This fund accounts for the activities of the SilverRock Golf Resort. Other fund types of the City are as follows: Debt Service Fund – This fund accounts for the servicing of long-term debt. Internal Service Funds: Equipment Replacement Fund – This fund accounts for equipment and vehicle maintenance and replacement services provided to other departments on a cost-reimbursement basis. Information Technology Fund – This fund is used to account for the acquisition for computer equipment, maintenance, and services to support information systems within the City. Costs are reimbursed by the benefiting departments. CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 38 NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) d. Major Funds, Internal Service Funds and Fiduciary Fund Types (Continued) Park Equipment and Facilities Fund – This fund is used to account for the purchase and replacement of City owned and operated park equipment and facilities. Costs are reimbursed by the benefiting departments. Insurance Fund – This fund accounts for City-wide insurances: liability, property, earthquake, workers compensation and risk management. Expenses are shared among departments on an allocation basis. Fiduciary Funds: Agency Fund – This fund accounts for assets held by the City as an agent for assessment district bondholders. Pension Trust Fund – This fund accounts for the activities of the Supplemental Pension Savings Plan, which accumulates resources for pension benefit payments to qualified government employees. Private-Purpose Trust Fund – This fund accounts for the assets and liabilities of the Former Agency and its allocated revenue to pay estimated installment payments of enforceable obligations until obligations of the Former Agency are paid in full and assets have been liquidated. e. Assets, Deferred Outflow of Resources, Liabilities, Deferred Inflow of Resources, and Net Position or Equity Cash and Investments For financial reporting purposes, investments are adjusted to their fair value. Changes in fair value that occur during a fiscal year are recognized as investment income reported for that fiscal year. Investment income includes interest earnings, changes in fair value, and any gains or losses realized upon the liquidation or sale of investments. All investments are valued at fair value. The City pools cash and investments of all funds, except for assets held within the Section 115 trust and amounts held by fiscal agents. Each fund’s share in this pool is displayed in the accompanying financial statements as cash and investments. Investment income earned by the pooled investments is allocated to the various funds based on each fund’s month end cash and investment balance. Cash and Cash Equivalents For purposes of the statement of cash flows, cash equivalents are defined as short-term, highly liquid investments that are both readily convertible to known amounts of cash or so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Cash equivalents also represent the proprietary fund’s share in the City’s cash and investment pool. Cash equivalents have an original maturity date of three months or less from the date of purchase. For purposes of the statement of cash flows, the entire balance of cash and investments on the combined balance sheet for the proprietary funds is considered cash and cash equivalents. CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 39 NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) e. Assets, Deferred Outflow of Resources, Liabilities, Deferred Inflow of Resources, and Net Position or Equity (Continued) Restricted Section 115 Trust Cash and Investments All assets in the Section 115 Trust are irrevocably dedicated to funding obligations of the City’s pension beneficiaries, other post-employment beneficiaries or costs of administering the Trust. The funds are not considered plan assets of either the pension plan or OPEB plan and are therefore considered restricted assets of the City. Inventory Inventory is valued at cost using the first in/first out (FIFO) method. The City uses the consumption method of accounting for inventories. Prepaid Items Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements. The City utilizes the consumption method, in which prepaid items are accounted for in the period that the benefit was received. Capital Assets Capital assets (including infrastructure) are recorded at cost where historical records are available and at an estimated historical cost where no historical records exist. Contributed capital assets are valued at their acquisition value at the date of the contribution. Generally, capital asset purchases in excess of $5,000 are capitalized if they have an expected useful life of three years or more. Capital Assets include public domain (infrastructure) consisting of certain improvements including roads, streets, sidewalks, medians, and storm drains. Capital assets used in operations are depreciated over their estimated useful lives using the straight-line method in the government-wide financial statements and in the fund financial statements of the proprietary funds. Depreciation is charged as an expens e against operations and accumulated depreciation is reported on the respective balance sheet. The following schedule summarizes capital asset useful lives : Building and improvements 10-30 years Equipment and furniture 3-20 years Vehicles 5-10 years Infrastructure 10-50 years Software 5-10 years CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 40 NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) e. Assets, Deferred Outflow of Resources, Liabilities, Deferred Inflow of Resources, and Net Position or Equity (Continued) Property Taxes Under California law, property taxes are assessed and collected by the counties up to 1 percent of assessed value, plus other increases approved by the voters. The property taxes are recorded initially in a pool, and are then allocated to the cities based on complex formulas. Accordingly, the City of La Quinta accrues only those taxes that are received from the County within ninety days after year-end. Lien date January 1 Levy date July 1 Due dates November 1 and February 1 Collection dates December 10 and April 10 Deferred Outflows/Inflows of Resources In addition to assets, the statements of net position and the governmental fund balance sheet will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/ expenditure) until then. Governmental activities recorded deferred outflows of resources related to pensions and OPEB of $3,336,256 and $209,118, respectively. In addition to liabilities, the statements of net position and governmental fund balance sheet will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. The City has reported items on the Governmental Fund Balance Sheet as unavailable revenues that were not received within the City’s availability period. Additionally, Governmental activities recorded deferred inflows of resources related to pensions and OPEB of $1,027,528 and $39,483, respectively. Compensated Absences Vacation and sick time is vested on a percentage based on number of years employed at the City. Maximum accumulation of sick and vacation is 40 and 60 days, respectively. Upon termination or retirement, permanent employees are entitled to receive compensation at their current base salary for all unused vacation leave. If an employee terminates with a minimum of two years’ service, the employee is entitled to receive 25 percent of the value of his unused sick leave. The percentage increases by 25 percent for each five-year period until the employee is entitled to 100 percent of the value of their unused sick leave. This will occur upon the completion of twenty years of continuous employment. The General Fund resources are used to pay for the accumulated benefits to employees. CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 41 NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) e. Assets, Deferred Outflow of Resources, Liabilities, Deferred Inflow of Resources, and Net Position or Equity (Continued) Long-Term Obligations In the government-wide financial statements and proprietary fund financial statements, long-term debt and other long-term obligations are reported as liabilities in the applicable governmental activities, business-type activities or proprietary fund type statement of net position. Bond premiums and discounts are deferred and amortized over the life of the bonds using the effective interest method. Bonds payable are reported net of the applicable bond premium or discount. In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures. Fund Balance In the fund financial statements, governmental funds report the following fund balance classifications: Nonspendable includes amounts that cannot be spent because they are either (a) not in spendable form or (b) legally or contractually required to be maintained intact. Restricted includes amounts that are constrained on the use of resources by either (a) external creditors, grantors, contributors, or laws of regulations of other governments or (b) by law through constitutional provisions or enabling legislation. Committed includes amounts that can only be used for specific purposes pursuant to constraints imposed by formal action of the City’s highest authority, the City Council. The formal action that is required to be taken to establish, modify, or rescind a fund balance commitment is by a resolution. Assigned includes amounts that are constrained by the City’s intent to be used for specific purposes, but are neither restricted nor committed. City Council is authorized to assign amounts to a specific purpose. The City Council authorizes assigned amounts for specific purposes pursuant to the policy- making powers granted through a resolution. Unassigned includes the residual amounts that have not been restricted, committed, or assigned to specific purposes. The general fund is the only fund that reports a positive unassigned fund balance. CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 42 NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) e. Assets, Deferred Outflow of Resources, Liabilities, Deferred Inflow of Resources, and Net Position or Equity (Continued) Fund Balance Flow Assumptions – governmental fund financial statements Sometimes the City of La Quinta will fund outlays for a particular purpose from both restricted and unrestricted resources (the total of committed, assigned, and unassigned fund balance). In order to calculate the amounts to report as restricted, committ ed, assigned, and unassigned fund balance in the governmental fund financial statements a flow assumption must be made about the order in which the resources are considered to be applied. It is the City’s policy to consider restricted fund balance to have been depleted before using any of the components of unrestricted fund balance. Further, when the components of unrestricted fund balance can be used for the same purpose, committed fund balance is depleted first, followed by assigned fund balance. Unassigned fund balance is applied last. Net Position Flow Assumption – government-wide and proprietary fund financial statements Sometimes the City of La Quinta will fund outlays for a particular purpose from both restricted (e.g., restricted bond or grant proceeds) and unrestricted resources. In order to calculate the amounts to report as restricted net position and unrestricted net position in the government-wide and proprietary fund financial statements, a flow assumption must be made about the order in which the resources are considered to be applied. It is the City’s policy to consider restricted net position to have been depleted before unrestricted net position is applied. f. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of cont ingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenditures/expenses during the reporting period. Actual results could differ from those estimates. g. New Accounting Pronouncements Adopted in the Current Year GASB Statement No. 83 – In November 2016, GASB issued Statement No. 83, Certain Asset Retirement Obligations. The objective of this Statement is to provide financial statement users with information about asset retirement obligations that were not addressed in GASB Standards by establishing uniform accounting and financial reporting requirements for these obligations. The City has determined that the requirements of this statement do not have a material impact on the financial statements. CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 43 NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) g. New Accounting Pronouncements (Continued) GASB Statement No. 88 – In March 2018, the GASB issued Statement No. 88, Certain Disclosures Related to Debt, including Direct Borrowings and Direct Placements. The objective of this Statement is to improve consistency in the information that is disclosed in the notes to government financial statements related to debt, including direct borrowings and direct placements, and to provide financial statement users with additional essential information about debt. The City has determined that the requirements of this statement do not have a material impact on the financial statements. Effective in Future Fiscal Years The City is currently evaluating the potential impact of the following issued, but not yet effective, accounting standards. GASB Statement No. 84 – In January 2017, GASB issued Statement No. 84, Fiduciary Activities. The objective of this Statement is to improve guidance regarding the identification of fiduciary activities for accounting and financial reporting purposes and how those activities should be reported. This Statement is effective for reporting periods beginning after December 15, 2018. GASB Statement No. 87 – In June 2017, GASB issued Statement No. 87, Leases. The objective of this Statement is to better meet the information needs of financial statement users by improving accounting and financial reporting for leases; enhancing the comparability of financial statements between governments; and also enhancing the relevance, reliability (representational faithfulness), and consistency of information about the leasing activities of governments. This Statement is effective for reporting periods beginning after December 15, 2019. GASB Statement No. 89 – In June 2018, the GASB issued Statement No. 89, Accounting for Interest Cost Incurred Before the End of a Construction Period. The objectives of this Statement are (a) to enhance the relevance and comparability of information about capital assets and the cost of borrowing for a reporting period and (b) to simplify accounting for certain interest costs. This Statement is effective for reporting periods beginning after December 15, 2019. GASB Statement No. 90 – In September 2018, the GASB issues Statement No. 90, Majority Equity Interests, an amendment of GASB Statements No. 14 and No. 61. The objectives of this Statement are to improve the consistency and comparability of reporting a government’s majority equity interest in a legally separate organization and to improve the relevance of financial statement information for certain component units. The Statement is effective for reporting periods beginning after December 15, 2018. GASB Statement No. 91 – In May 2019, the GASB issued Statement No. 91, Conduit Debt Obligations. The objective of this statement is to better meet the information needs of financial statement users by enhancing the comparability and consistency of conduit debt obligation reporting and reporting of related transactions and other events by state and local government issuers. This statement is also intended to improve the relevance, reliability, and understandability of information about conduit debt obligations, as well as related transactions and other events. The Statement is effective for reporting periods beginning after December 15, 2020. CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 44 II. DETAILED NOTES ON ALL FUNDS NOTE 2: CASH AND INVESTMENTS Cash and investments as of June 30, 2019, are classified in the accompanying financial statements as follows: Statement of Net Position: Cash and investments 135,320,203$ Restricted cash and investments 6,540,000 Statement of Fiduciary Net Position: Cash and investments 36,709,154 Cash and investments with fiscal agent 1,675 Total Cash and Investments 178,571,032$ Cash and investment as of June 30, 2019, consist of the following: Cash on hand 3,300$ Deposits with financial institutions 4,779,900 Investments 173,787,832 Total Cash and Investments 178,571,032$ Investments Authorized by the California Government Code and the City’s Investment Policy The table below identifies the investment types that are authorized by the California Government Code and the City’s investment policy. The table also identifies certain provisions of the California Government Code (or the City’s investment policy, if more restrictive) that address interest rate risk, credit risk, and concentration of credit risk. This table does not address investments of debt proceeds held by bond trustee that are governed by the provisions of debt agreements of the City, rather than the general provisions of the California Government Code or the City’s investment policy. Maximum Maximum Maximum Percentage Investment Investment Types Maturity Allowed in One Issuer U.S. Treasury Obligations 5 years N/A N/A U.S. Agency Securities 5 years N/A 20 million Local Agency Bonds 5 years N/A N/A California Local Agency Obligations 5 years N/A N/A Commercial Paper 270 days 25% 10% of any outstanding issue Certificates of Deposit 5 years 30% 250,000 Negotiable Certificates of Deposits 5 years 30% 250,000 Corporate Notes 5 years 30%5 million Investment Pools (Riverside County Pool) N/A N/A N/A Money Market Mutual Funds N/A 20%10% of City funds Local Agency Investment Fund (LAIF) N/A N/A 65 million Investment Agreements 92 days 20%N/A CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 45 NOTE 2: CASH AND INVESTMENTS (CONTINUED) Investments Authorized by the City Section 115 Trust Investments of the Trust are governed by the provisions of the City of La Quinta Section 115 Trust Agreement, rather than the general provisions of the California Government Code or the City’s investment policy. Investments authorized for funds held in the Section 115 Trust include Equit y and Fixed Income Mutual Funds. The strategic range allowed for Equity and Fixed Income Mutual Funds is 5%-20% and 60%-95%, respectively. There are no limitations on the maximum amount that can be invested in one issuer or the maximum maturity of an investments. Disclosures Relating to Interest Rate Risk Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. Generally, the longer the maturity of an investment, the greater the sensitivity of its fair value to changes in market interest rates. One of the ways that the City manages its exposure to interest rate risk is by purchasing a combination of short ter m and long term investments and by timing cash flows from maturities so that a portion of the portfolio is maturing or coming close to maturity evenly over time as necessary to provide the cash flow and liquidity needed for operations. Information about the sensitivity of the fair values of the City’s investments (including investments held by bond trustee) to market interest rate fluctuations is provided by the following table that shows the distribution of the City’s investments by maturity: 1 year Investment Type Total Or Less 1 to 3 years 3 to 5 years Certificates of Deposit 22,392,489$ 2,683,351$ 8,538,398$ 11,170,740$ Federal agency securities: Federal Farm Credit Bank 3,751,605 1,497,805 997,950 1,255,850 Federal National Mortgage Association 2,993,760 2,993,760 - - Federal Home Loan Mortgage Corp 8,651,526 - 5,499,295 3,152,231 Federal Home Loan Bank 6,473,420 - 5,958,015 515,405 U.S. Treasury Notes 14,887,090 5,476,230 8,908,400 502,460 Corporate Notes 3,900,512 997,884 1,496,920 1,405,708 Local Agency Investment Fund 73,995,736 73,995,736 - - CAMP 20,531,378 20,531,378 Riverside County Pool 9,864,841 9,864,841 - - Section 115 Trust Equity Mutual Funds 981,000 981,000 Fixed Income Mutual Funds 5,362,800 5,362,800 Held by Fiscal Agent: Money Market Mutual Funds 1,675 1,675 - - Total 173,787,832$ 124,386,460$ 31,398,978$ 18,002,394$ Remaining Maturity (in Years) CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 46 NOTE 2: CASH AND INVESTMENTS (CONTINUED) Disclosures Relating to Credit Risk Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. The City's investment policy limits investments in commercial paper and money market mutual funds to those rated the highest rating as rated by Moody’s or Standard and Poor’s (S&P). Presented below are the S&P ratings as of year-end: Investment Type Total Not Rated AAA AA+ AA AA- Federal Agency Securities 21,870,311$ -$ -$ 21,870,311$ -$ -$ Corporate Notes 3,900,512 - 898,218 495,160 505,610 2,001,525 Section 115 Trust Equity Mutual Funds 981,000 981,000 - - - - Fixed Income Mutual Funds 5,362,800 5,362,800 - - - - Total 32,114,623 6,343,800$ 898,218$ 22,365,471$ 505,610$ 2,001,525$ Exempt from Credit Risk disclosure: U.S. Treasury Notes 14,887,090 Not rated: Certificates of Deposit 22,392,489 Local Agency Investment Pool 73,995,736 CAMP 20,531,378 Riverside County Pool 9,864,841 Held by Fiscal Agent: Money Market Mutual Funds 1,675 Total investments 173,787,832$ Concentration of Credit Risk Investments in any one issuer that represent 5 percent or more of total City’s investments are as follows: Issuer Investment Type Reported Amount Percent of Porfolio Federal Home Loan Mortgage Corp Federal Agency Securities 8,651,526$ 5% Custodial Credit Risk Custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution, a government will not be able to recover its deposits or will not be able to recover collateral securities that are in the possession of an outside party. The custodial credit risk for investments is the risk that, in the event of the failure of the counterparty (e.g., broker-dealer) to a transaction, a government will not be able to recover the value of its investment or collateral securities that are in the possession of another party. The California Government Code and the City’s investment policy do not contain legal or policy requirements that would limit the exposure to custodial credit risk for deposits or investments, other than the following provision for deposits: The California Government Code requires that a financial institution secure deposits made by state or local governmental units by pledging securities in an undivided collateral pool held by a depository regulated under state law (unless so waived by the governmental unit). The market value of the pledged securities in the collateral pool must equal at least 110 percent of the total amount deposited by the public agencies. California law also allows financial institutions to secure City deposits by pledging first trust deed mortgage notes having a value of 150 percent of the secured public deposits, or by letters of credit issued by the Federal Home Loan Bank of San Francisco having a value of 105 percent of the secured public deposits. CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 47 NOTE 2: CASH AND INVESTMENTS (CONTINUED) As a public funds depository Wells Fargo maintains a public funds deposit collateralization program that is designed to comply with all applicable statutes and regulations governing public funds deposits, including pledge and perfection of collateral. Accounts holding public funds are labeled as such and trigger collateralization. Collateral needs are met based on the prior day close of business. However, same-day collateral requests may be accommodated upon request. Investment in Riverside County Pool The City is a voluntary participant in the Riverside County Pooled Investment Fund that is regulated by California Government Code Section 53646 and managed by the Riverside County Treasurer. The City’s investment in this pool is reported in the accompanying financial statements of net position and prepared using the accrual basis of accounting. Investments are reported at fair value. The balance available for withdrawal is based on the accounting records maintained by the County. Investment in State Investment Pool The City is a voluntary participant in the Local Agency Investment Fund (LAIF) that is regulated by the California Government Code under the oversight of the Treasurer of the State of California. The fair value of the City’s investment in this pool is reported in the accompanying financial statements at amounts based upon the City’s pro- rata share of the fair value provided by LAIF for the ent ire LAIF portfolio (in relations to the amortized cost of that portfolio). The balance available for withdrawal is based on the accounting records maintained by LAIF, which are recorded on an amortized cost basis. Deposits and withdrawals are made on the basis of $1 and not fair value. Accordingly, the City’s measurement of fair value of its investment with LAIF is based on uncategorized inputs, not defined as a level 1, level 2, or level 3 input. LAIF is not registered with the Securities and Exchange Commission and is not rated. Investment in California Asset Management Program The City is a voluntary participant in the California As set Management Program (CAMP) that is regulated by the California Government Code Section 53601 (p) and managed by a Board of Trustees comprised of finance directors and treasurers of California public agencies that are members of the Joint Powers Authority. The City’s investment in this pool is reported in the accompanying financial statements of net position and prepared using the accrual basis of accounting. Investments are reported at fair value. The balance available for withdrawal is based on the accounting records maintained by CAMP. Fair Value Measurements The City categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The hierarchy is based on the valuation inputs used to measure the fair value of the asset. Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant other observable inputs; Level 3 inputs are significant unobservable inputs. Investments categorized as Level 2 are valued using the market approach and quoted market prices. CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 48 NOTE 2: CASH AND INVESTMENTS (CONTINUED) The City has the following recurring fair value measurements as of June 30, 2019: Total 1 2 Investments: U.S. Treasury Notes 14,887,090$ 14,887,090$ -$ Federal Agency Securities 21,870,311 - 21,870,311 Corporate Notes 3,900,512 - 3,900,512 Certificates of Deposit 22,392,489 - 22,392,489 Section 115 Trust Equity Mutual Funds 981,000 981,000 - Fixed Income Mutual Funds 5,362,800 5,362,800 - Total Leveled Investments 69,394,202 21,230,890$ 48,163,312$ Investments with uncategorized inputs: Local Agency Investment Fund 73,995,736 CAMP 20,531,378 Riverside County Pool 9,864,841 Held by Fiscal Agent Money Market Mutual Funds 1,675 Total Investments 173,787,832$ Level NOTE 3: NOTES RECEIVABLE In September 1994, the former redevelopment agency sold certain real property to LINC Housing for $2,112,847. The property was used to construct single-family homes and rental units to increase the City's supply of low and moderate income housing. The note bears interest at 6 percent per annum and is due in full on June 15, 2029. On February 1, 2012, this receivable was transferred to the Housing Authority, which took over the housing function of the former redevelopment agency upon dissolution. The balance at June 30, 2019, including accrued interest of $2,896,841 is $4,932,229. In February 2011, the former redevelopment agency entered int o Disposition and Development Agreement with Coral Mountain Partners L.P. (“Coral Mountain”) to fund up to $29,000,000 for the construction of a low and moderate income apartment complex with an estimated complet ion date of the apartment complex of March 2014. The former redevelopment agency’s $29,000,000 loan is evidenced by a Promissory Note executed by Coral Mountain (“Note”). Interest on the outstanding note amount will bear simple interest of 1 percent. Principal and interest will be repaid on or before May 1st of each yea r from annual residual receipts as defined in the Note once the project is completed and may be repaid early if the property is refinanced, or if the property is transferred to another entity. On February 1, 2012, this receivable was transferred to the Housing Authority which took over the housing function of the former redevelopment agency upon dissolution. As of June 30, 2019, the outstanding principal balance is $20,832,253 and the outstanding inter est balance is $1,157,500. Other notes receivable as of February 1, 2012, included in the Housing Authority which took over the housing function of the former redevelopment agency upon dissolution totaled $22,781 at June 30, 2019. CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 49 NOTE 4: CAPITAL ASSETS Capital asset activity for governmental activities for the year ended June 30, 2019, is as follows: Balance at Balance at July 1, 2018 Additions Deletions Transfers June 30, 2019 Governmental activities: Capital assets, not being depreciated: Land 66,594,534$ -$ 22,600$ -$ 66,571,934 Right of way 285,487,343 370,010 - - 285,857,353 Construction-in-progress 14,151,774 17,853,824 447,717 (1,872,964) 29,684,917 Total Capital Assets, Not Being Depreciated 366,233,651 18,223,834 470,317 (1,872,964) 382,114,204 Capital assets, being depreciated: Buildings and improvements 72,709,719 287,633 - 601,307 73,598,659 Equipment and furniture 3,500,711 384,378 416,024 - 3,469,065 Vehicles 1,740,820 153,718 215,742 - 1,678,796 Infrastructure 223,887,311 - - 1,271,657 225,158,968 Total Capital Assets, Being Depreciated 301,838,561 825,729 631,766 1,872,964 303,905,488 Less accumulated depreciation for: Buildings and improvements 32,050,127 2,336,131 - - 34,386,258 Equipment and furniture 2,488,672 217,871 416,024 - 2,290,519 Vehicles 740,574 319,842 209,996 - 850,420 Infrastructure 121,879,245 6,633,310 - - 128,512,555 Total Accumulated Depreciation 157,158,618 9,507,154 626,020 - 166,039,752 Total Capital Assets, Being Depreciated, Net 144,679,943 (8,681,425) 5,746 1,872,964 137,865,736 Governmental Activities Capital Assets, Net 510,913,594$ 9,542,409$ 476,063$ -$ 519,979,940 Depreciation expense was charged to the following functions in the Statement of Activities: General governments 348,408$ Planning & development 24,628 Community services 1,328,314 Public works 6,728,824 Internal service funds 1,076,980 9,507,154$ CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 50 NOTE 4: CAPITAL ASSETS (CONTINUED) Capital asset activity for business-type activities for the year ended June 30, 2019, is as follows: Balance at Balance at July 1, 2018 Additions Deletions June 30, 2019 Business-Type activities: Capital assets, not being depreciated: Land 39,712,955$ -$ -$ 39,712,955 Capital assets, being depreciated: Buildings and improvements 6,636,465 - - 6,636,465 Equipment and furniture 2,046,712 44,340 185,512 1,905,540 Software 20,255 - - 20,255 Total Capital Assets, Being Depreciated 8,703,432 44,340 185,512 8,562,260 Less accumulated depreciation for: Buildings and improvements 3,079,643 214,545 - 3,294,188 Equipment and furniture 1,730,610 40,138 185,512 1,585,236 Software 20,255 - - 20,255 Total Accumulated Depreciation 4,830,508 254,683 185,512 4,899,679 Total Capital Assets, Being Depreciated, Net 3,872,924 (210,343) - 3,662,581 Business-Type Activities Capital Assets, Net 43,585,879$ (210,343)$ -$ 43,375,536 Depreciation expense was charged to the following functions in the Statement of Activities: Golf Course 254,683$ CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 51 NOTE 5: CHANGES IN LONG-TERM LIABILITIES – GOVERNMENTAL ACTIVITIES Changes in Long-Term Debt The following is a summary of changes in governmental long-ter m liabilities of the City for the fiscal year ended June 30, 2019: Balance at Balance Due within July 1, 2018 Additions Deletions June 30, 2019 One year Governmental Activities: Compensated absences payable 823,842$ 941,955$ 823,842$ 941,955$ 2,291$ Copier lease payable 23,300 85,428 19,969 88,759 22,820 Dell Computer lease 5,112 - 4,474 638 638 Fleet Vehicle Lease 638,623 29,951 - 668,574 150,706 Note payable - Eisenhower Dr. Property 1,125,000 - 1,125,000 - - Financing Authority: Revenue bonds 650,000 - 650,000 - - Net Pension Liability 12,612,523 - 208,832 12,403,691 - 15,878,400$ 1,057,334$ 2,832,117$ 14,103,617$ 176,455$ A description of the City’s Net Pension Liability is detailed at Note 8. Copier Leases Payable In June 2013, the City entered into a 5-year lease agreement for photocopiers for $71,045 maturing in monthly increments of $1,456, with interest payable monthly at 8.47 percent. This lease agreement qualifies as a capital lease for accounting purposes and therefore, has been recorded at the present value of the future minimum lease payments at the inception date. On April 1, 2015, the City leased an additional copier for $9,000 maturing in monthly increments of $1,728, with interest payable monthly at 8.47 percent. On July 1, 2018, the City leased additional copiers for $85,428 maturing in monthly increments of $1,794, with interest payable monthly at 9.5 percent. The minimum future lease obligations and the net present value of the lease payments as of June 30, 2019, are as follows: Year Ending June 30,Total 2020 29,688$ 2021 29,688 2022 22,208 2023 21,527 2024 1,794 Total Payments 104,905 Less amount representing interest (16,146) Outstanding Principal 88,759$ CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 52 NOTE 5: CHANGES IN LONG-TERM LIABILITIES – GOVERNMENTAL ACTIVITIES (CONTINUED) Dell Computer Lease Payable In April 2014, the City entered into a 5-year lease agreement for Dell computers for $90,629 maturing in annual increments ranging from $20,693 to $408, with interest payable annually at 4.79%. In August 2015, the City entered into another 5-year lease for Dell computers for $17,682 maturing in annual increments from $16,620 to $639, with interest payable annually at 4.07%. This lease agreement qualifies as a capital lease for accounting purposes and therefore, has been recorded at the present value of the future minimum lease payments at the inception date. The minimum future lease obligations and the net present value of the lease payments as of June 30, 2019, are as follows: Year Ending June 30,Total 2020 665$ Total Payments 665 Less amount representing interest (27) Outstanding Principal 638$ Fleet Vehicle Lease In January of 2017 the City entered into a vehicle lease agreement with Enterprise Fleet Management with the goal of replacing all light duty vehicles. Pool vehicles are also included in the replacement program and are utilized by multiple departments. In fiscal year 2016-17, 16 vehicles were replaced with five-year leases ranging from $22,453 to $35,578. In fiscal year 2017-18, 11 vehicles were replaced with five-year leases ranging from $26,926 to $42,233. In fiscal year 2018-19, an additional six vehicles were replaced with five-year leases ranging from $22,460 to $35,103 for a total of 33 vehicles. This lease agreement qualifies as a capital lease for accounting purposes and therefore, has been recorded at the present value of the future minimum lease payment at the inception date. The minimum future lease obligations and the net present value of the lease payments as of June 30, 2019, are as follows: Year Ending June 30,Total 2020 150,706$ 2021 166,194 2022 227,833 2023 109,754 2024 14,087 Outstanding Principal 668,574$ Note Payable – Eisenhower Drive Property In March 2017, the City secured a note in the amount of $2,250,000 to fund the acquisition of property located on Eisenhower Drive to be used as a drainage retention basin. The note accrues interest at 3.5% and is being paid in two annual installments beginning in fiscal year 2017-18. The final payment was made in fiscal year 2018-19 in the amount of $1,125,000. CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 53 NOTE 5: CHANGES IN LONG-TERM LIABILITIES – GOVERNMENTAL ACTIVITIES (CONTINUED) 1996 Lease Revenue Refunding Bonds On November 15, 1996, the Financing Authority issued $8,790,000 of 1996 Lease Revenue Bonds to defease the remaining 1991 Local Agency Revenue Bonds in the amount of $8,200,000 and to provide funds for construction of remaining improvements to the La Quinta Civic Center site. The final principal payment on the bonds was made in fiscal year 2018-19 in the amount of $650,000. NOTE 6: INTERFUND RECEIVABLES AND PAYABLES The composition of current interfund receivable and payable balances is as follows: Internal Service Non-Major Due from Other Funds Funds Governmental Total General Fund 385,439$ 42,968$ 428,407$ Due to Other Funds Interfund balances reflect short term borrowings for deficit cash balances at June 30, 2019. NOTE 7: INTERFUND TRANSFERS Capital Improvements Non-Major Internal Transfers In:General Fund Fund Governmental Service Fund Total General Fund -$ 286,590$ -$ -$ 286,590$ Capital Improvements Fund 4,238,843 3,481,688 10,706 7,731,237 Non-major Governmental Funds 4,895,562 25,243 3,964 - 4,924,769 Internal Service Funds 445,000 - - 445,000 Golf Course Fund 450,000 - - - 450,000 Total 10,029,405$ 311,833$ 3,485,652$ 10,706$ 13,837,596$ Transfer Out a) $286,590 was transferred to the General Fund from the Capital Improvement Fund as a reimbursement for rebates and grant funding received. b) $4,238,843 was transferred from the General Fund to the Capital Improvement Fund to fund various capital projects. c) $3,481,688 was transferred to Capital Improvement Fund from various non-major funds whereby available external grant funding was received and appropriated first for various projects. d) $10,706 was transferred to the Capital Improvement Fund from the Internal Service Funds to support various capital projects and preventative maintenance. e) $4,895,562 was transferred from the General Fund to various non-major funds to support various administrative operations and expenses within the City. f) $25,243 and $3,964 was transferred from the Capital Improvement Fund and between non-major funds to repay the Development Impact Fee (DIF) loan liability and reimbur sement for capital improvements. g) $445,000 was transferred from the General Fund to various Internal Service Funds. h) $450,000 was transferred from the General Fund to the Golf Course Fund to subsidize operations. CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 54 NOTE 8: DEFINED BENEFIT PENSION PLAN Miscellaneous Plan Plan Description All qualified employees are eligible to participate in the City’s Miscellaneous Employee Pension Plan, a cost- sharing multiple-employer defined benefit pension plans administered by the California Public Employees’ Retirement System (CalPERS). Benefit provisions under these plans are established by State statute and City resolution. CalPERS issues publicly available reports that include a full description of the pension plans regarding benefit provision, assumption and membership information. Copies of the report can be found on the CalPERS website. Benefits Provided CalPERS provides service retirement and disability benefits, annual cost of living adjustments and death benefits to plan members, who must be public employees and beneficiaries. Benefits are based on years of credited service, equal to one year of full time employment. Members with five years of total service are eligible to retire at age 50 with statutorily reduced benefits. All members are eligible for non-duty disability benefits after 10 years of service. The death benefit is one of the following: The Basic Death Benefit, the 1959 Survivor Benefit, or the Optional Settlement 2W Death Benefit. The cost of living adjustments for each plan are applied as specified by the Public Employees’ Retirement Law. The Plan’s provisions and benefits in effect at June 30, 2019 are summarized as follows: Tier I Tier II PEPRA On and after On and after On and after Hire date December 16, 1983 December 17, 2012 January 1, 2013 Benefit formula 2.5% @55 2% @60 2% @62 Benefit vesting schedule 5 years service 5 years service 5 years service Benefit payments monthly for life monthly for life monthly for life Retirement age 50 and up 50 and up 52 and up Monthly benefits, as a % of eligible compensation 2% to 2.5% 2% to 2.5% 1% to 2% Required employee contribution rates 8.00% 7.00% 6.25% Required employer contribution rates 10.609% 7.634% 6.842% Contributions Section 20814(c) of the California Public Employees’ Retirement Law (PERL) requires that the employer contribution rates for all public employers be determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. Funding contributions are determined annually on an actuarial basis as of June 30th by CalPERS. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, and any unfunded accrued liability. The employer is required to contribute the difference between the actuarially determined rate and the contribution rate of employees. Employer contributions to the pension plan were $1,299,600 for the year ended June 30, 2019. CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 55 NOTE 8: DEFINED BENEFIT PENSION PLAN (CONTINUED) Pension Liabilities, Pension Expense and Deferred Outflows and Deferred Inflows of Resources Related to Pensions As of June 30, 2019, the City reported a liability of $12,403,691 for its proportionate share of the collective net pension liability. The net pension liability was measured as of June 30, 2018, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of June 30, 2017, and rolled forward to June 30, 2018. The City’s proportion of the collective net pension liability was based on a projection of the City’s long-term share of contributions to the pension plan relative to the projected contributions of all participating employers, actuarially determined. The City’s proportion of the collective net pension liability as of June 30, 2017 and 2018 is as follows: Proportion- June 30, 2017 0.12718 % Proportion- June 30, 2018 0.12872 % Change- Increase (Decrease) 0.00154 % For the year ended June 30, 2019, the City recognized pension expens e of $1,843,105. At June 30, 2019, the City reported deferred outflows and deferred inflows of resources related to pensions as follows: Deferred Outflows Deferred Inflows of Resources of Resources Pension contributions subsequent to measurement date 1,299,600$ -$ Changes in assumptions 1,414,057 346,559 Differences between expected and actual experience 475,908 161,948 Net difference between projected and actual earnings on pension plan investments 61,321 - Change in employer's proportion 85,370 99,777 Difference between the city's contribution and proportionate share of contributions - 419,244 Total 3,336,256$ 1,027,528$ The $1,299,600 reported as deferred outflows of resources resulting from contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ended June 30, 2020. Other amounts reported as deferred outflows or deferred inflows of resources related to pensions will be recognized as pension expense as follows: Year Ended June 30, 2020 1,034,200$ 2021 549,783 2022 (463,291) 2023 (111,564) 1,009,128$ CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 56 NOTE 8: DEFINED BENEFIT PENSION PLAN (CONTINUED) Actuarial Methods and Assumptions Used to Determine Total Pension Liability For the measurement period ended June 30, 2018 (the measurement date), the total pension liability was determined by rolling forward the June 30, 2017 total pension liability. The total pension liability in the June 30, 2017 actuarial valuation was determined using the following actuarial methods and assumptions: Miscellaneous Valuation Date June 30, 2017 Measurement Date June 30, 2018 Actuarial Cost Method Discount Rate 7.15% Inflation 2.50% Payroll Growth 3.00% Projected Salary Increase Varies by Entry Age and Service Investment Rate of Return 7.15% Mortality Rate Table Derived using CalPERS' Membership Data for all Fund Entry-Age Normal Cost Method Discount Rate The discount rate used to measure the total pension liability was 7.15 percent. The projection of cash flows used to determine the discount rate assumed that employee contributions will be made at the current contribution rate and that the City’s contributions will be made at rates equal to the difference between actuarially determined contributions rates and the employee rate. Based on those assumptions, each pension plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current active and inactive employees. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability. In determining the long-term expected percent rate of return on pension plan investments, CalPERS took into account both short and long-term market return expectations as well as the expected pension fund cash flows. Based on the expected benefit payments of the Public Employees’ Retirement Fund, CalPERS indicated that a 19 year horizon was ideal in determining the level equivalent discount rate assumption. Using historical returns of all the funds’ asset classes, expected compound (geometric) returns were calculated over the short-term (first 10 years) and the long-term (11-60 years) using a building-block approach. Using the expected nominal returns for both short-term and long-term, the present value of benefits was calculated for each fund. The expected rate of return was then set equivalent to the single equivalent rate calculated above and rounded down to the nearest one quarter of one percent. The target allocation and best estimates of arithmetic real rates of return for each major asset class are the same for the Plan. These geometric rates of return are summarized in the following table: CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 57 NOTE 8: DEFINED BENEFIT PENSION PLAN (CONTINUED) Asset Class New Strategic Allocation Real Return Years 1 - 10 Real Return Years 11+ Global Equity 50.00% 4.80% 5.98% Fixed Income 28.00% 1.00% 2.62% Inflation Assets 0.00% 0.77% 1.81% Private Equity 8.00% 6.30% 7.23% Real Estate 13.00% 3.75% 4.93% Liquidity 1.00% 0.00% -0.92% Total 100% Sensitivity of the Proportionate Share of the Net Pension Liability to Changes in the Discount Rate The following presents the City’s proportionate share of the net position liability for each Plan, calculated using the discount rate for each Plan, as well as what the City’s proportionate share of the net pension liability would be if it were calculated using a discount rate that is 1 percent point lower or 1 percent higher than the current rate: Discount Rate - 1% Current Discount Rate Discount Rate +1% (6.15%)(7.15%)(8.15%) Net Pension Liability 18,944,406$ 12,403,691$ 7,004,438$ Pension Plan Fiduciary Net Position Detailed information about the Plan’s fiduciary net position is available in the separately issued CalPERS financial reports. NOTE 9: DEFINED CONTRIBUTION PLAN Plan Description The Supplemental Pension Savings Plan is a defined contribution pension plan established by the City to provide retirement excess benefits to general employees of the City. At June 30, 2019, there was one plan member. There are no required contributions by plan members. During the 2018-2019 fiscal year the City made no contributions to fund the Supplemental Pension Savings Plan. NOTE 10: OTHER POST EMPLOYMENT BENEFIT PLAN (OPEB) Plan Description The City’s Retiree Health Plan is a single-employer defined benefit healthcare plan. The City contributes on behalf of all eligible retirees’ $133/month for the calendar year 2018 and $136/month for calendar year 2019, increased in all future years according to the rate of medical inflation. These benefits are provided per contract between the City and the employee associations. A separate financial report is not available for the plan. CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 58 NOTE 10: OTHER POST EMPLOYMENT BENEFIT PLAN (OPEB) (CONTINUED) The City participates in the California Employers’ Retiree Benefit Trust (CERBT) for the purpose of accumulating funding for OPEB obligations. The CERBT is a Section 115 Trust and is an agent multiple employer plan for those electing to prefund OPEB obligations. Benefits Provided Retirees are eligible for medical benefits if they retire at age 50+, have 5+ years of service within CalPERS, and were enrolled in the CalPERS health system at retirement. The City provides PEMHCA minimum for each subscriber, regardless of elected coverage tier. Employees Covered by Benefit Terms At June 30, 2018, the most recent valuation date, the following current and former employees were covered by the benefit terms of the plan: Active employees 91 Inactive employees or beneficiaries currently receiving benefits 19 Total 110 Contributions The City makes contributions to the plan based on an actuarially determined rate. Employees are not required to contribute to the plan. For the year ended June 30, 2019, the City made no contributions to the CERBT trust. Net OPEB Liability/(Asset) Actuarial Assumptions – The net OPEB liability/(asset) in the June 30, 2018 actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement: Actuarial Cost Method Entry-Age Normal Cost Method Actuarial Assumptions: Discount Rate 6.00% Inflation 2.50% Payroll Growth 2.75% Investment Rate of Return 6.00% Mortality (1) Healthcare Trend Rate 7% in the first year, trending down to 4% over 58 years. (1) Derived using CalPERS Membership Data for all Funds Mortality rates were based on the CalPERS 1997-2011 Experience Study, which assumed future mortality improvements using Society of Actuaries (SOA) Scale BB. The Experience Study report can be obtained on the CalPERS website under Forms and Publications. The actuarial assumptions used in the June 30, 2018 valuation were based on the results of an actuarial experience study for the period. CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 59 NOTE 10: OTHER POST EMPLOYMENT BENEFIT PLAN (OPEB) (CONTINUED) Discount Rate – The discount rate used to measure the total OPEB liability was 6 percent for the Plan. The projection of cash flows used to determine the discount rate assumed that the City contribution will be made at rates equal to the actuarially determined contribution rates. Changes in Net OPEB Liability: The changes in the net OPEB liability/(asset) for the Plan as of the measurement date June 30, 2018 are as follows: Total OPEB Plan Fiduciary Net OPEB Liability Net Position Liability/(Asset) Balance at June 30, 2018 1,380,949$ -$ 1,380,949$ Changes in the year: Service cost 93,438 - 93,438 Interest 100,177 - 100,177 Differences between expected and actual experience 71,533 - 71,533 Changes of assumptions (44,229) (1,680) (42,549) Net investment income - - - Employer contributions - 1,609,970 (1,609,970) Benefit payments (86,570) (86,570) - Administrative expense - (406) 406 Net changes 134,349 1,521,314 (1,386,965) Balance at June 30, 2019 1,515,298$ 1,521,314$ (6,016)$ Sensitivity of the Net OPEB Liability to Changes in the Discount Rate– The following presents the net OPEB liability of the City, as well as what the City’s net OPEB liability would be if it were calculated using a discount rate that is 1-percentage-point lower (5 percent) or 1-percentage-point higher (7 percent) than the current discount rate: 1% Decrease Discount Rate 1% Increase (5%) (6%) (7%) Net OPEB Liability/(Asset) 172,148$ (6,016)$ (155,952)$ Sensitivity of the Net OPEB Liability to Changes in the Healthcare Cost Trend Rates – The following presents the net OPEB liability of the City, as well as what the Cit y's net OPEB liability would be if it were calculated using healthcare cost trend rates that are 1-percentage-point lower (6 percent decreasing to 3 percent) or 1-percentage- point higher (8 percent decreasing to 5 percent) than the current healthcare cost trend rates: 1% Decrease Current Trend Rate 1% Increase (6% decreasing to 3%) (7% decreasing to 4%) (8% decreasing to 5%) Net OPEB Liability/(Asset) (184,896)$ (6,016)$ 212,497$ CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 60 NOTE 10: OTHER POST EMPLOYMENT BENEFIT PLAN (OPEB) (CONTINUED) OPEB Expense and Deferred Outflows of Resources Related to OPEB: For the year ended June 30, 2019, the City recognized OPEB expens e of $151,954. At June 30, 2019, the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources. Deferred Deferred Outflows of Inflows of Resources Resources OPEB contributions subsequent to measurement date 98,584$ -$ Changes in assumptions 39,483 Difference between expected and actual liability 63,858 - Net difference between projected and investment ear nings 46,676 - Total 209,118$ 39,483$ The $98,584 reported as deferred outflows of resources related to OPEB resulting from City contributions subsequent to the measurement date will be recognized as a reduction of the net OPEB liability for the fiscal year ending June 30, 2020. Other amounts reported as deferred outflows or deferred inflows of resources related to OPEB will be recognized in as OPEB expense as follows: Year ended June 30, 2020 14,598$ 2021 14,598 2022 14,598 2023 14,598 2024 2,929 Thereafter 9,730 Total 71,051$ NOTE 11: SECTION 115 TRUST In the fiscal year 2019, the City Council approved the creation of a Section 115 Trust Agreement with U.S Bank National Association, and Public Agency Retirement Services (PARS), Trust Administrator. The Section 115 Trust was established as a means to set aside monies to fund the City’s pension and OPEB obligations. Contributions to the Section 115 Trust are irrevocable, the assets are dedicated to providing benefits to plan member, and the assets are protected from creditors of the City. The purpose of the creation of the section 115 Trust was to address the City’s pension obligations by accumulating assets to reduce the net pension liability. However, in accordance with generally accepted accounting principles, the assets in the Section 115 Trust are not considered to have present service capacity as plan assets and are therefore considered restricted assets of the City rather than pension plan assets. Accordingly, the Section 115 Trust’s assets are recorded as restricted for pension benefits in the City’s General Fund rather than assets of the pension plan during the measurement of the net pension liability. The assets held in trust will be considered pension plan assets at the time they are transferred out of the Trust into the pension plan. CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 61 NOTE 11: SECTION 115 TRUST (CONTINUED) The balance in the Trust for the fiscal year ended June 30, 2019 was $6,540,000. The City currently funds its OPEB obligations through the CERBT program, and although the newly established Section 115 Trust is able to accept OPEB funds, the City has no immediate plans to fund OPEB obligations through the Section 115 Trust. NOTE 12: RISK MANAGEMENT Description of Self-Insurance Pool Pursuant to Joint Powers Agreement The City of La Quinta is a member of the California Joint Powers Insurance Authority (CJPIA). The CJPIA is composed of 116 California public entities and is organized under a joint powers agreement pursuant to California Government Code §6500 et seq. The purpose of the CJPIA is to arrange and administer programs for the pooling of self-insured losses, to purchase excess insurance or reinsurance, and to arrange for group purchased insurance for property and other lines of coverage. The CJPIA began covering claims of its members in 1978. Each member government has an elected official as its representative on the Board of Directors. The Board operates through a nine-member Executive Committee. Self-Insurance Programs of the CJPIA Each member pays an annual contribution at the beginning of the coverage period. A retrospective adjustment is then conducted annually thereafter, for coverage years 2012-13 and prior. Coverage years 2013-14 and forward are not subject to routine annual retrospective adjustment. The total funding requirement for self-insurance programs is based on actuarial analysis. Costs are allocated to individual agencies based on payroll and claims history, relative to other members of the risk-sharing pool. Primary Liability Program In the liability program claims are pooled separately between police and general government exposures. (1) The payroll of each member is evaluated relative to the payroll of other members. A variable credibility factor is determined for each member, which establishes the weight applied to payroll and the weight applied to losses within the formula. (2) The first layer of losses includes incurred costs up to $30,000 for each occurrence and is evaluated as a percentage of the pool’s total incurred costs within the first layer. (3) The second layer of losses includes incurred costs from $30,000 to $750,000 for each occurrence and is evaluated as a percentage of the pool’s total incurred costs within the second layer. (4) Incurred costs from $750,000 to $50 million, are distributed based on the outcome of cost allocation within the first and second loss layers. The overall coverage limit for each member, including all layers of coverage, is $50 million per occurrence. Costs of covered claims for subsidence losses have a sub-limit of $40 million per occurrence. CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 62 NOTE 12: RISK MANAGEMENT (CONTINUED) Workers’ Compensation In the workers’ compensation program claims are pooled separately between public safety (police and fire) and general government exposures. (1) The payroll of each member is evaluated relative to the payroll of other members. A variable credibility factor is determined for each member, which establishes the weight applied to payroll and the weight applied to losses within the formula. (2) The first layer of losses includes incurred costs up to $50,000 for each occurrence and is evaluated as a percentage of the pool’s total incurred costs within the first layer. (3) The second layer of losses includes incurred costs from $50,000 to $100,000 for each occurrence and is evaluated as a percentage of the pool’s total incurred costs within the second layer. (4) Incurred costs from $100,000 to statutory limits are distributed based on the outcome of cost allocation within the first and second loss layers . For 2018-19, the CJPIA’s pooled retention is $2 million per occurrence, with reinsurance to statutory limits under California Workers’ Compensation Law. Employer’s Liability losses are pooled among members to $2 million. Coverage from $2 million to $5 million is purchased as part of a reinsurance policy, and Employer’s Liability losses from $5 million to $10 million are pooled among members. Purchased Insurance Pollution Legal Liability Insurance – The City of La Quinta participates in the pollution legal liability insurance program which is available through the Authority. The policy covers sudden and gradual pollution of scheduled property, streets, and storms drains owned by the City of La Quinta. Coverage is on a claims-made basis. There is a $50,000 deductible. The Authority has an aggregate limit of $50 million for the 3-year period from July 1, 2017 through July 1, 2020. Each member of the Authority has a $10 million sub-limit during the 3-year policy term. Property Insurance - The City of La Quinta participates in the all-risk property protection program of the CJPIA. This insurance protection is underwritten by several insurance companies. City of La Quinta property is currently insured according to a schedule of covered property submitt ed by the City of La Quinta to the CJPIA. City of La Quinta property currently has all-risk property insurance protection in the amount of $72,715,239. There is a $10,000 deductible per occurrence except for non-emergency vehicle insurance which has a $2,500 deductible. Special Event Tenant User Liability Insurance – The City of La Quinta further protects against liability damages by requiring tenant users of certain property to purchase low-cost tenant user liability insurance for certain activities on agency property. The insurance premium is paid by the tenant user and is paid to the City of La Quinta according to a schedule. The City of La Quinta then pays for the insurance. The insurance is facilitated by the Authority. Earthquake and Flood Insurance - The City of La Quinta purchases earthquake and flood insurance on a portion of its property. The earthquake insurance is part of the property protection insurance program of the Authority. City of La Quinta property currently has earthquake protection in the amount of $0. There is a deductible of 5% per unit of value with a minimum deductible of $100,000. Crime Insurance - The City of La Quinta purchases crime insurance coverage in the amount of “Non Participant” with a “Non Participant” deductible. The fidelity coverage is provided through the Authority. Adequacy of Protection During the past three fiscal years, none of the above programs of protection experienced settlements or judgments that exceeded pooled or insured coverage. CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 63 NOTE 13: FUND BALANCE a. Fund Balance Commitments In the governmental fund financial statements, committed reserves include: Natural Disaster Emergency Reserves: These funds may be us ed for the preparation, recovery, and restoration of services before, during and/or after a natural disaster (such as flood, earthquake, etc.) as defined by City Code 2.20.020. The target is $10,000,000 and will be reviewed every five years by conducting a risk analysis of all City assets, insurance levels, and potential federal/state contributions towards disaster recovery efforts. For the year ended June 30, 2019, the City has committed $10,000,000 for this purpose. Economic Downturn Reserves: These funds may be used in such instances as a declared national, state, or regional recession; loss of a major (top 10) revenue-generating business; or a natural disaster resulting in a significant decline in revenues. These reserves may also be used if overall revenues decrease or expenditures increase more than 10% of the previous year’s actual revenues or expenditures. The target is $11,000,000, based on a 10-year analysis of the revenues and expenditure flows (which included the financial impacts of the Great Recession). The target will be evaluated again in the event of another significant economic downturn. For the year ended June 30, 2019, the City has committed $11,000,000. Cash Flow Reserves: These funds are maintained to have adequate cash on hand to account for the uneven receipt of revenue. For example, property tax accounts for a large percentage of annual revenue, the bulk of which is not remitted until December and May of each year. The target is $5,000,000 and will be determined annually by analyzing the prior fiscal year by month and calculating the largest cumulative deficit between revenues and expenditures, with a minimum expectation of approximately 10% of operating expenditures reserved. The cash flow reserve is fully funded as of June 30, 2019. Capital Improvement Reserves: These funds may be used for capital assets and infrastructure rehabilitation, improvement, and replacement. The target is $10,000,000 and is based on annual depreciation of assets. For the year ended June 30, 2019, the City has committed $5,000,000. Committed to Fiscal Year 2019-2020 carryovers totaled $745,300 at June 30, 2019. CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 64 NOTE 13: FUND BALANCE (CONTINUED) b. Assigned Fund Balance The City has the following assigned fund balance shown on the balance sheet: Assigned to public safety represents property tax accumulated and withheld by the County of Riverside to be used for fire protection, disaster preparedness, fire prevention, rescue, hazardous materials mitigation, technical rescue response, medical emergency services, and public service assists. The assigned fund balance related to this item as of June 30, 2019 is $9,864,841. Assigned to capital projects is comprised of carryover balances for capital projects and accumulated resources related to the City’s sales tax Measure G with a combined total of $7,721,975. Capital project carryover balances as of June 30, 2019 are $11,853,162. c. Deficit Fund Balance At June 30, 2019, the following funds had deficit fund balances: Major Capital Projects Funds: Capital Improvement (379,923)$ Nonmajor Capital Projects Funds: Library Development (1,550,246) Park Facility (1,782) NOTE 14: GOLF COURSE MANAGEMENT AGREEMENT The City entered into an agreement with Landmark Golf Management LLC (operator) to manage the golf operations at the city-owned SilverRock Golf Course. The Agreement entered into on April 6, 2004, sets forth a five-year term commencing upon the completion of the golf course. On January 14, 2005, the golf course was deemed to be complete and management was turned over to the operator. The contract has been amended and extended numerous times with the current contract expiring June 30, 2020. The contract provides that the operator will manage the day to day operations, hire employees, provide golf pro shop and food services, manage all marketing and promotional activities, prepare the annual budget report for Council consideration, and manage accounting and payroll functions. In addition to the annual payment for management services, the City has advanced the operator $250,000 to pay for golf course expenses. Twice a month the operator submits a request for reimbursement to the City to replenish the City’s advance. In addition, the agreement sets forth the establishment of a capital reserve fund of 2 percent of green fees. For the fiscal year ending June 30, 2019, the Golf Course had a loss before transfers of $770,568. CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 65 NOTE 15: CONSTRUCTION COMMITMENTS Various construction projects were in progress at June 30, 2019. Projects costs are paid out of the capital improvements fund. The following material construction commit ments, for which funds have been encumbered, existed at June 30, 2019, with an estimated cost to complet e. Expenditures Project Contract to date as of Remaining Project Name Number Amount June 30, 2019 Commitments Madison Street Ave. 50 to Ave. 52 091002 2,914,993$ 2,286,500$ 628,493$ Dune Palms Road Street Improvements 091004 2,483,000 1,440,435 1,042,565 Dune Palms Bridge Improvements 111205 17,510,603 1,612,761 15,897,842 SilverRock Infrastructure Improvements 141513 5,733,021 440,962 5,292,059 LQ Village Complete Streets- Road Diet Proj 151603 11,483,426 1,489,754 9,993,672 La Quinta X Park 151609 4,361,639 848,663 3,512,976 Citywide Drainage Enhancements 151612 8,861,279 5,403,988 3,457,291 HSIP Intersection Improvements 201601 1,260,400 817,320 443,080 HSIP Traffic Signal Interconnect Network 201602 2,261,000 135,831 2,125,169 La Quinta Landscape Renovation Improvement 201603 8,541,292 1,609,210 6,932,082 Civic Center Campus Lake/ Irrigation Conver 201606 675,270 149,335 525,935 SilverRock Event Space 201608 6,000,000 499,618 5,500,382 Washington Street at Fred Waring Dr.201701 551,985 17,788 534,198 Eisenhower Retention Basin Landscape 201704 750,000 26,955 723,046 Jefferson Street Sidewalk Gap Closure 201706 180,000 106,085 73,915 Ave 53 Jefferson St. Roundabout 201709 2,101,617 131,543 1,970,074 Cove Public Restroom 201801 520,000 55,843 464,158 Highway 111 Sidewalk Improvements 201803 500,000 26,555 473,445 Corporate Yard Admin Offices & Crew 201805 411,013 - 411,013 Village Art Plaza Promenade & Cultural Campus 201901 610,000 - 610,000 Avenue 50 Bridge Spanning the Evacuation Channel 201902 2,920,500 - 2,920,500 LQ Skate Park Conver to Other Activity 201903 263,000 - 263,000 Hwy 111 Corridor Area Plan Implementation 201905 1,000,000 - 1,000,000 Hwy 111 Auto Dealership Signage 201906 300,000 - 300,000 Fire Station 70 Revitalization 201907 500,000 - 500,000 Citywide Catch Basin Modification 201908 250,000 - 250,000 Citywide Misc ADA Improvements 201909 103,227 - 103,227 Washington St Apts Rehabilitation & Testa Property 999901 27,996,401 11,478,884 16,517,517 Jefferson St/I-10 (Contributions Costs)999902 632,000 625,703 6,297 NOTE 16: REIMBURSEMENT AGREEMENTS On September 9, 2014, the City entered into a sales tax sharing agreement with One Eleven La Quinta LLC (“Hobby Lobby”). Under the terms of the agreement the City shall make quarterly payments of 50 percent of any sales tax generated from Hobby Lobby in an amount not to exceed $400,000 over an eight-year period. Due to the reporting of sales tax information by the California Department of Tax and Fee Administration to the City, the reimbursement payments by the City will lag by one quarter. The agreement terminates when either the $400,000 limit is reached or in eight years whichever comes first. The Hobby Lobby business opened in December 2014. As of June 30, 2019, the City made $52,160 in reimbursement payments to the owner leaving an outstanding balance of $238,319. CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 66 NOTE 17: SUCCESSOR AGENCY TRUST FOR ASSETS OF FORMER REDEVELOPMENT AGENCY On December 29, 2011, the California Supreme Court upheld Assembly Bill 1X 26 (“the Bill”) that provides for the dissolution of all redevelopment agencies in the State of California. This action impacted the reporting entity of the City of La Quinta that previously had reported a redevelopment agency within the reporting entity of the City as a blended component unit. The Bill provides that upon dissolution of a redevelopment agency, either the city or another unit of local government will agree to serve as the “successor agency” to hold the assets until they are distributed to other units of state and local government. On January 3, 2011, the City Council elected to become the Successor Agency for the Former Redevelopment Agency (‘Former Agency”) in accordance with the Bill as part of City resolution number 2012-002. After enactment of the law, which occurred on June 28, 2011, redevelopment agencies in the State of California cannot enter into new projects, obligations or commitments. Subject to the control of a newly established oversight board, remaining assets can only be used to pay enforceable obligations in existence at the date of dissolution (including the completion of any unfinished projects that were subject to legally enforceable contractual commitments). In future fiscal years, successor agencies will only be allocated revenue in the amount that is necessary to pay the estimated annual installment payments on enforceable obligations of the Former Agency until all enforceable obligations of the prior redevelopment agency have been paid in full and all assets have been liquidated. In accordance with the timeline set forth in the Bill (as modified by the California Supreme Court on December 29, 2011) all redevelopment agencies in the State of California were dissolved and ceased to operate as a legal entity as of February 1, 2012. The Successor Agency to the Former Agency is reported as a fiduciary fund (private purpose trust fund). a. Cash and Investments Cash and investments reported in the accompanying financial statements consisted of the following: Cash and investments pooled with the City 36,573,141$ Cash and investments with fiscal agent 1,675 36,574,816$ b. Loans Receivable Owner Participation Agreement – Garff Properties, LLC In July 2010, the Former Agency entered into an Owner Participation Agreement (OPA) with Garff Properties-La Quinta, LLC (“Garff”) that provides for the Former Agency to provide a rehabilitation loan to Garff of up to $2,300,000 for the construction of a new auto dealership facility and rehabilitation of an existing dealership facility. In connection with the OPA, Garff has executed a promissory note which is secured by a deed of trust, and an operating covenant. The loan will be repaid by crediting future sales and property tax increment taxes generated on the site until the cumulative taxes collected equals the loan amount. At that time, the note will be cancelled, and the operating covenant will terminate. CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 67 NOTE 17: SUCCESSOR AGENCY TRUST FOR ASSETS OF FORMER REDEVELOPMENT AGENCY (CONTINUED) b. Loans Receivable (Continued) If, after ten years of operation, a shortfall exists between the revenues collected and the outstanding loan amount, the note will be cancelled, and the operating covenant will terminate. Further, if at any time through no fault of the dealership certain future events outside of the dealership control occur the note will be cancelled, and the operating covenant will terminate. The balance at June 30, 2019 is $276,589. Owner Participation Agreement – Torre Nissan In June 2011, the Former Agency entered into an Owner Participation Agreement (OPA) with an auto dealer, Mega Dealer, LLC (“Torre Nissan”) that provides for the Former Agency to provide a rehabilitation loan to Torre Nissan of up to $1,500,000 for the remodeling of the existing dealership and an expansion of the dealership facility to accommodate a new line of electric and commercial vehicles. The new expansion will also include service and parts sales facilities. In connection with the OPA, Torre Nissan has executed a promissory note, which is secured by a subordinated deed of trust, and an operating covenant. The loan will be repaid by crediting future sales and property tax increment taxes generated on the site until the cumulative taxes collected equals the loan amount. If Nissan Motor Company ceases to exist, the note will be cancelled, and the operating covenant will terminate. At the end of the ten-year operating covenant, the operating covenant will terminate, and the note will be cancelled, and any outstanding loan balance will be forgiven. The balance at June 30, 2019 is $1,005,517. c. Due from other Governments La Quinta Library In April 2005, an advance of $2,490,273 was made from the former redevelopment agency to provide funding for the construction of the public library. The loan accrues interest at the earnings rate of the City’s investment pool fund. The remaining balance of this loan at June 30, 2019, is $1,548,436. d. Deferred Outflows of Resources As debt is refunded, the difference between the carrying value of the refunded debt and the reacquisition price is recorded as a deferred outflow of resources and amortized over the shorter of the new or refunded debt, whichever is shorter. Activity during the fiscal year is comprised of the following: Balance at Balance July 1, 2018 Additions Deductions June 30, 2019 Deferred charge on refunding 10,883,653$ -$ 583,839$ 10,299,814$ CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 68 NOTE 17: SUCCESSOR AGENCY TRUST FOR ASSETS OF FORMER REDEVELOPMENT AGENCY (CONTINUED) e. Long-Term Debt A description of long-term debt outstanding of the Successor Agency as of June 30, 2019, follows: Balance at Balance Due within July 1, 2018 Additions Repayments June 30, 2019 One year Tax allocation bonds 193,960,000$ -$ 8,360,000$ 185,600,000$ 8,700,000$ City loans 37,014,634 993,148 3,113,069 34,894,713 3,175,327 Unamortized premiums/discounts 11,224,514 - 698,655 10,525,859 - Total 242,199,148$ 993,148$ 12,171,724$ 231,020,572$ 11,875,327$ 2013 Series A On December 17, 2013, the Successor Agency issued subordinate tax allocation refunding bonds in the amount of $97,190,000 to refinance outstanding long term obligations held by the Successor Agency. The 2013 Series A tax allocation bonds were issued at a premium of $6,056,280 and issuance costs of $480,001. Interest rates on the bonds range from 3.00 percent to 5.00 percent and are payable semi-annually on March 1 and September 1 of each year until maturity. The inter est and principal of the bonds are payable solely from property tax revenue. A portion of the proceeds were used to fund the bond reserve requirement. The principal balance of outstanding bonds at June 30, 2019, is $78,155,000 with an unamortized premium of $4,239,396. The minimum annual requirements to amortize the bond payable as of June 30, 2019, are as follows: Year Ending June 30,Principal Interest Total 2020 3,985,000$ 3,759,338$ 7,744,338$ 2021 4,180,000 3,555,213 7,735,213 2022 4,390,000 3,340,963 7,730,963 2023 4,610,000 3,115,963 7,725,963 2024 4,840,000 2,879,713 7,719,713 2025-2029 28,035,000 10,493,460 38,528,460 2030-2034 28,115,000 2,938,654 31,053,654 78,155,000$ 30,083,304$ 108,238,304$ CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 69 NOTE 17: SUCCESSOR AGENCY TRUST FOR ASSETS OF FORMER REDEVELOPMENT AGENCY (CONTINUED) e. Long-Term Debt (Continued) 2013 Series B On December 17, 2013, the Successor Agency issued subordinate tax allocation refunding bonds in the amount of $23,055,000 to refinance outstanding long term obligations held by the Successor Agency. The 2013 Series B tax allocation bonds were issued at a discount of $8,951 and issuance costs of $122,274. The bonds consist of $3,710,000 of term bonds that accrue interest at 5.240 percent and mature on September 1, 2026, $4,335,000 of term bonds that accrue interest at 5.550 percent and mature on September 1, 2029, and $5,115,000 of term bonds that accrue interest at 5.820 percent and mature on September 1, 2032. The remaining $9,895,000 matures annually with rate ranging from 0.76 percent to 4.89 percent. The interest and principal on the bonds are payable from property tax revenue. A portion of the proceeds were used to fund the bond reserve requirement. The principal balance of outstanding bonds at June 30, 2019, is $18,310,000 with an unamortized discount of $6,263. The minimum annual requirements to amortize the bond payable as of June 30, 2019, are as follows: Year Ending June 30,Principal Interest Total 2020 950,000$ 939,623$ 1,889,623$ 2021 985,000 903,488 1,888,488 2022 1,025,000 860,981 1,885,981 2023 1,070,000 812,817 1,882,817 2024 1,120,000 760,074 1,880,074 2025-2029 6,525,000 2,835,433 9,360,433 2030-2033 6,635,000 798,052 7,433,052 18,310,000$ 7,910,468$ 26,220,468$ 2014 Series A On July 9, 2014, the Successor Agency issued tax allocation refunding bonds in the amount of $65,600,000, with a premium of $8,545,482, to refinance outstanding 2004 Series A Revenue Bonds of $72,865,000 with interest payments ranging between 3 percent to 5.25 percent. The net proceeds of $73,402,709 (after payment of $592,017 in issuance costs) plus an additional $4,012,653 of 2004 Series A sinking fund monies were used to purchase U.S. Government Securities. Those s ecurities were deposited in an irrevocable trust with an escrow agent; and issued to pay-off $77,415,362 of remaining principal and accrued interest of 2004 Series A. As a result, the 2004 Series A bonds are considered to be defeased and the liability for those bonds has been removed from the Successor Agency’s long-term debt. The principal balance of outstanding bonds at June 30, 2019, is $57,060,000. The remaining unamortized bond premium at June 30, 2019 was $6,510,843. CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 70 NOTE 17: SUCCESSOR AGENCY TRUST FOR ASSETS OF FORMER REDEVELOPMENT AGENCY (CONTINUED) e. Long-Term Debt (Continued) The Successor Agency in effect reduced its aggregate debt service payments over the remaining maturity period of the 2004 Series A by $11,814,531 and to obtain an economic gain (difference between the present values of the debt service payments on the old and new debt) of $7,801,878. The minimum annual requirements to amortize the 2014 Series A bonds payable as of June 30, 2019, are as follows: Year Ending June 30,Principal Interest Total 2020 2,435,000$ 2,779,950$ 5,214,950$ 2021 2,530,000 2,668,000 5,198,000 2022 2,660,000 2,538,250 5,198,250 2023 2,795,000 2,401,875 5,196,875 2024 2,930,000 2,258,750 5,188,750 2025-2029 17,000,000 8,885,000 25,885,000 2030-2034 21,695,000 4,071,125 25,766,125 2035 5,015,000 125,375 5,140,375 57,060,000$ 25,728,325$ 82,788,325$ 2016 Series A On December 22, 2016, the La Quinta Redevelopment Project Ar eas No. 1 and 2 Subordinate Tax Allocation Refunding Bonds 2016 Taxable Series A Bonds were issued for $35,055,000 by the Successor Agency to the La Quinta Redevelopment Agency (the “Agency”) to refinance on an advance basis the La Quinta Redevelopment Agency’s (the “Prior Agency”) previously issued $6,000,000 La Quinta Redevelopment Project Area No. 2, Subordinate Taxable Tax Allocation Bonds, Series 2011 (the “2011 Project Area No. 2 Taxable Bonds”) of which $5,810,000 was outstanding and the Prior Agency’s loan obligation under the Loan Agreement, dated February 3, 2004 as supplemented by the Second Supplemental Loan Agreement, dated as of March 1, 2011 (the “2011 Loan Obligation”) in connection with the La Quinta Financing Authority’s previously issued $28,850,000 Local Agency Subordinate Taxable Revenue Bonds, 2011 Series A (the “2011 Taxable Housing Bonds”) of which $26,635,000 was outstanding. The Bonds were issued on a subordinate basis to the $65,600,000 Successor Agency to the La Quinta Redevelopment Agency, La Quinta Redevelopment Project Areas No. 1 and 2, Tax Allocation Refunding Bonds, 2014 Series. The Bonds are payable from and secured by the Pledged Tax Revenues, as defined herein, to be derived from the La Quinta Redevelopment Project Area No. 1 and La Quinta Redevelopment Project Area No. 2. The principal of and interest on the Bonds are payable solely from the pledged tax revenues allocated to the Successor Agency from the project areas. The principal balance of outstanding bonds at June 30, 2019, is $32,075,000 with an unamortized discount of $218,088. CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 71 NOTE 17: SUCCESSOR AGENCY TRUST FOR ASSETS OF FORMER REDEVELOPMENT AGENCY (CONTINUED) e. Long-Term Debt (Continued) The Bonds mature in 2040, but may be called before maturity and redeemed at the option of the Agency, in whole or in part, from the proceeds of refunding bonds or other available funds, on September 1, 2026 or on any date thereafter prior to maturity at a redemption price equal to the principal amount of Bonds to be redeemed, without premium, plus accrued interest to the redemption date. Year Ending June 30,Principal Interest Total 2020 1,330,000$ 1,183,526$ 2,513,526$ 2021 1,365,000 1,153,763 2,518,763 2022 1,395,000 1,118,840 2,513,840 2023 1,430,000 1,079,255 2,509,255 2024 1,465,000 1,035,479 2,500,479 2025-2029 8,100,000 4,394,094 12,494,094 2030-2034 9,755,000 2,680,838 12,435,838 2035-2039 7,175,000 545,550 7,720,550 2040 60,000 1,358 61,358 32,075,000$ 13,192,703$ 45,267,703$ Loans from the City of La Quinta The City of La Quinta loaned money to the Former Agency to cover operating and capital shortfalls. In a letter dated November 6, 2013, the California Department of Finance approved the loans as enforceable obligations to be paid through Successor Agency property tax. This loan approved split between the City’s General and the Housing Authority Funds. As of June 30, 2019, principal and interest due to the City of La Quinta was $34,894,713. On November 22, 2017, the Department of Finance (DOF) approved the last and final Recognized Obligation Payment Schedules (ROPS). The ROPS is a comprehensive schedule which includes all bond debt service payments, City loan repayments, administration, and annual reporting requirements from fiscal years 2018-2019 to 2039-2040. f. Pledged Tax Revenues The City pledged, as security for bonds issued, either directly or through the Financing Authority, a portion of tax increment revenue (including Low and Moderate Income Housing set-aside and pass through allocations) that it receives. The bonds issued were to provide financing for various capital projects, accomplish Low and Moderate Income Housing projects and to defease previously issued bonds. Assembly Bill 1X 26 provided that upon dissolution of the Redevelopment Agency, property taxes allocated to redevelopment agencies no longer are deemed tax increment but rather property tax revenues and will be allocated first to successor agencies to make payments on the indebtedness incurred by the dissolved redevelopment agency. Total principal and interest remaining on the debt is $262,514,800 with annual debt service requirements as indicated above. For the current year, the total property tax revenue recognized by the Successor Agency for the payment of indebtedness incurred was $20,664,124 and the debt service obligation on the bonds was $17,368,061. CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 72 NOTE 17: SUCCESSOR AGENCY TRUST FOR ASSETS OF FORMER REDEVELOPMENT AGENCY (CONTINUED) g. Insurance The Successor Agency of the Former Agency is covered under the insurance policy of the City of La Quinta at June 30, 2019. NOTE 18: EXTRAORDINARY ITEM Annual loan repayments of the loan between the City and the Successor Agency are first applied to principal then interest and when received are allocated 80 percent General Fund and 20 percent Housing Authority Fund. The interest accrued on the adjusted principal amount is reflected as an extraordinary gain by the City and an extraordinary loss in the Successor Agency. The Department of Finance approval of the last and final ROPS increased the quarterly interest rate (from 3% to 4%, since the inception of the loan in November 2006). The interest due as of June 30, 2019 was $12,141,458. NOTE 19: SPECIAL ITEM In previous years, the City had four outstanding interfund loans, totaling $15,017,126. These interfund loans were established from 2003 to 2009 and are irregular and non-recurring. They were established to supplement the construction costs associated with the development of major infrastructure which could have been funded with restricted DIF funds, should they have been available at the time. Since inception, the City has reported the outstanding loan balances in annual financial statements as Advances from Other Funds. The repayment terms and collectability of these loans wer e evaluated by Staff and confirmed with the City’s 2019 Development Impact Fee analysis. Results were presented to the Financial Advisory Commission who in conjunction with Staff recommended City Council approve the early retirement of these interfund loans resulting in a Special Item (Special Gain to the Development Impact Fee (DIF) Funds and SilverRock; Special Loss to the General Fund) as depicted below. Special Gain or Loss Summary by Fund Gain Loss Civic Center Fund 7,106,231$ -$ Golf Course Enterprise Fund 5,553,561 - Fire Protection DIF Fund 455,197 - Street Facility DIF Fund 1,902,137 - General Fund - (15,017,126) 15,017,126$ (15,017,126)$ CITY OF LA QUINTA, CALIFORNIA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2019 73 NOTE 19: SPECIAL ITEM (CONTINUED) The forgiveness of these loans 1) recognizes the reduction of development impact fees based on current and projected development capacity, as the City is nearly built out, 2) does not impact operations as future revenues would continue to be collected, remain in the DIF Funds and be subject to restricted DIF uses, and 3) are unusual, infrequent and not considered part of normal business operations thereby are reported separately to ensure transparency of financial reporting. A summary of the uncollectable loans is presented as follows. Uncollectable Interfund Advances Civic Center Golf Course Non-Major Fund Enterprise Fund Governmental Total Advances to Other Funds From the General Fund 7,106,231$ 5,553,561$ 2,357,334$ 15,017,126$ CITY OF LA QUINTA, CALIFORNIA REQUIRED SUPPLEMENTARY INFORMATION BUDGETARY COMPARISON SCHEDULE BY DEPARTMENT GENERAL FUND YEAR ENDED JUNE 30, 2019 See accompanying note to the required supplementary information. 74 Variance with Final Budget Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 121,823,567$ 121,823,567$ 121,823,567$ -$ Resources (Inflows): Taxes 41,659,000 44,721,000 47,664,927 2,943,927 Licenses and permits 1,213,900 1,271,900 1,555,026 283,126 Intergovernmental 7,145,600 7,311,200 7,256,245 (54,955) Charges for services 993,200 1,013,000 1,170,825 157,825 Use of money and property 470,000 483,000 2,650,432 2,167,432 Fines and forfeitures 275,500 305,500 375,491 69,991 Miscellaneous 540,200 1,994,764 2,317,491 322,727 Extraordinary Item - - 794,517 794,517 Transfer In - 114,250 286,590 172,340 Amounts Available for Appropriations 174,120,967 179,038,181 185,895,111 6,856,930 Charges to Appropriation (Outflows): General government Legislative 308,000 309,300 277,235 32,065 City manager 901,500 920,900 887,663 33,237 City attorney 485,000 535,000 509,738 25,262 Marketing 1,199,800 1,266,100 1,194,173 71,927 Human resources 567,650 666,857 528,993 137,864 City clerk 595,100 578,493 541,060 37,433 Fiscal services 1,149,400 1,198,800 1,055,104 143,696 Central services 2,108,700 8,931,750 4,347,720 4,584,030 The Hub Customer Services 727,500 795,300 786,722 8,578 Public safety Police 17,019,000 16,312,750 15,656,715 656,035 Public buildings 1,746,800 1,759,700 1,849,203 (89,503) Code compliance 1,166,400 1,220,200 1,084,143 136,057 Building & safety 962,100 974,900 711,822 263,078 Fire 7,057,600 7,263,200 6,567,824 695,376 Planning and development Current planning 757,100 770,700 593,790 176,910 Parks and recreation Community services admin 853,900 855,200 780,256 74,944 Wellness center 647,700 652,700 560,154 92,546 Recreation Programs/Special Events 529,300 560,000 402,474 157,526 Park maintenance 2,066,700 2,070,500 2,120,842 (50,342) Public works Administration 1,181,700 1,211,700 981,831 229,869 Development services 734,300 752,700 536,056 216,644 Maintenance/operations - street 14,900 14,900 21,794 (6,894) Engineering services 1,263,500 1,273,500 938,486 335,014 Capital outlay - - 276,935 (276,935) Special Item - - 15,017,126 Transfers out 7,109,763 21,603,228 10,029,405 11,573,823 Total Charges to Appropriations 51,153,413 72,498,378 68,257,264 19,258,240 Budgetary Fund Balance, June 30 122,967,554$ 106,539,803$ 117,637,847$ 26,115,170$ Budget Amounts CITY OF LA QUINTA, CALIFORNIA REQUIRED SUPPLEMENTARY INFORMATION BUDGETARY COMPARISON SCHEDULE HOUSING AUTHORITY YEAR ENDED JUNE 30, 2019 See accompanying note to the required supplementary information. 75 Variance with Final Budget Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 21,690,187$ 21,690,187$ 21,690,187$ -$ Resources (InFlows): Use of money and property 280,000 280,000 870,185 590,185 Extraordinary item - 188,000 198,631 10,631 Other income 43,000 93,000 58,815 (34,185) Amounts Available for Appropriations 22,013,187 22,251,187 22,817,818 566,631 Charges to Appropriation (OutFlows): Planning and development 715,900 732,067 610,055 122,012 Community services 138,100 138,100 166,666 (28,566) Total Charges to Appropriations 854,000 870,167 776,721 93,446 Budgetary Fund Balance, June 30 21,159,187$ 21,381,020$ 22,041,097$ 660,077$ Budget Amounts CITY OF LA QUINTA, CALIFORNIA REQUIRED SUPPLEMENTARY INFORMATION MISCELLANEOUS PLAN SCHEDULE OF PROPORTIONATE SHARE OF THE NET PENSION LIABILITY AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS * 76 2015 2016 2017 2018 2019 Proportion of the Net Pension Liability 0.1034% 0.1260% 0.1257% 0.1272% 0.1287% Proportionate Share of the Net Pension Liability 6,433,391$ 8,651,290$ 10,874,098$ 12,612,523$ 12,403,691$ Covered Payroll 5,421,945$ 5,480,758$ 5,569,002$ 5,739,416$ 6,064,875$ Proportionate Share of the net pension liability as a Percentage of Covered Payroll 118.65% 157.85% 195.26% 219.75% 204.52% Plan Fiduciary Net Position as a Percentage of the 79.82% 78.40% 74.06% 73.31% 75.30% Total Pension Liability * - Fiscal year 2015 was the first year of implementation, therefore, only five years are shown. Changes in Assumptions The discount rate changed from 7.65 percent used for the June 30, 2016 measurement date to 7.15 percent used for the June 30, 2017 measurement date. Covered Payroll In accordance with GASB Statement No. 82, Pension Issues - An Amendment of GASB Statement No. 67, No. 68, and No. 73, we have restated to show covered payroll based on pensionable earnings. CITY OF LA QUINTA, CALIFORNIA REQUIRED SUPPLEMENTARY INFORMATION MISCELLANEOUS PLAN SCHEDULE OF PLAN CONTRIBUTIONS AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS * 77 2015 2016 2017 2018 2019 Actuarially Determined Contributions - Miscellaneous 728,073$ 797,603$ 949,231$ 1,061,439$ 1,284,275$ Contributions in Relation to the Actuarially Determined Contribution (728,073) (797,603) (949,231) (1,061,439) (1,299,600) Contribution Deficiency (Excess)-$ -$ -$ -$ (15,325)$ Covered Payroll 5,480,758$ 5,569,002$ 5,739,416$ 6,064,875$ 6,669,204$ Contributions as a Percentage of Covered Payroll 13.28% 14.32% 16.54% 17.50% 19.49% * - Fiscal year 2015 was the first year of implementation, therefore, only five years are shown. Covered Payroll In accordance with GASB Statement No. 82, Pension Issues- An Amendment of GASB Statement No. 67, No. 68, and No. 73 , we have restated to show covered payroll based on pensionable earnings. CITY OF LA QUINTA, CALIFORNIA REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF CHANGES IN THE NET OPEB LIABILITY/(ASSET) AND RELATED RATIOS AS OF JUNE 30, 2019, FOR THE LAST TEN FISCAL YEARS* 78 2018 2019 Total OPEB Liability Service cost 90,827$ 93,438$ Interest 93,346 100,177 Differences between expected and actual experience - 71,533 Changes of assumptions - (44,229) Benefit payments (91,822) (86,570) Net Change in Total OPEB Liability 92,351 134,349 Total OPEB liability - beginning 1,288,598 1,380,949 Total OPEB liability - ending 1,380,949$ 1,515,298$ Plan Fiduciary Net Position (FNP, assets) Employer contributions -$ 1,609,970$ Net investment income - (1,680) Benefit payments - (86,570) Administrative expense - (406) Net Change in Plan Fiduciary Net Position - 1,521,314 Plan Fiduciary Net Position- Beginning of Year - - Plan Fiduciary Net Position- End of Year - 1,521,314 Net OPEB Liability/(Asset) - End of Year 1,380,949 (6,016) Fiduciary Net Position as a percentage of the Total OPEB Liability 0% 100% Covered-employee payroll 6,043,699 6,064,875 Net OPEB liability (asset) as a percentage of covered-employee payroll 23% 0% Notes to Schedule: * Fiscal year 2018 was the first year of implementation. CITY OF LA QUINTA, CALIFORNIA REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF OPEB CONTRIBUTIONS AS OF JUNE 30, 2019, FOR THE LAST TEN FISCAL YEARS* 79 2018 2019 Actuarially determined contribution (ADC) 201,513$ 88,280$ Contributions in relation to the (ADC) 1,609,970 98,584 Contribution deficiency (excess) (1,408,457) (10,304) Covered payroll 6,064,875$ 6,669,204$ Contributions as a percentage of payroll 27%1% Notes to Schedule Valuation date: Methods and assumptions used to determined contribution rates: Actuarial cost method Entry-Age Normal Cost Method Amortization method Level percent of payroll Amortization period 19 years Asset valuation method Market value Inflation 2.5% Healthcare Trend Rate Investment rate of return 6% Retirement age 55 Mortality Derived using CalPERS Membership Data for all Funds Notes to Schedule: * Fiscal year 2018 was the first year of implementation. Actuarially determined contribution rates are calculated as of June 30, one year prior to the end of the fiscal year in which contributionsare reported. 7% in the first year, trending down to 4% over 58 years. CITY OF LA QUINTA, CALIFORNIA REQUIRED SUPPLEMENTARY INFORMATION NOTE TO REQUIRED SUPPLEMENTARY INFORMATION JUNE 30, 2019 80 NOTE 1: BUDGETS AND BUDGETARY ACCOUNTING a. Budget Procedures General Budget Policies The City adopts an annual budget prepared on the modified accrual basis of accounting for its governmental funds and on the accrual basis of accounting for its proprietary funds. The City manager or his designee is authorized to transfer budgeted amounts between the accounts of any department or funds that are approved by City Council. Prior year appropriations lapse unless they are approved for carryover into the following fiscal year. Expenditures may not legally exceed appropriations at the department level. The City did not adopt a budget for the Transportation Uniform Mitigation Fee Special Revenue Fund. Budget Basis of Accounting Budgets for governmental funds are adopted on a basis consistent with generally accepted accounting principles (GAAP). This page left blank intentionally. 81 OTHER GOVERNMENTAL FUNDS SPECIAL REVENUE FUNDS Special revenue funds are used to account for specific revenues (other than expendable trusts and major capital projects) and the related expenditures that are legally required to be accounted for in a separate fund. The Cit y of La Quinta has the following Special Revenue Funds: State Gas Tax Fund – To account for gasoline allocations made by the State of California. These revenues are restricted by the State to expenditures for street-relat ed purposes only. Library and Museum Fund – To account for revenues from property tax increment dedicated library and museum services. Federal Assistance Fund – To account for revenues from the Community Development Block Grants received from the Federal Government and the expenditures of those resources. State Law Enforcement Services Account (SLESA) Fund – To account for state funded “Citizens for Public Safety” (COPS) program activities, as per Assembly Bill 3229, which supplements frontline police services such as anti- gang community crime prevention. Lighting and Landscape Special Assessment District 89-1 Fund – To account for special assessments levied on real property and the expenditure thereof from City-wide lighting and landscape maintenance and improvements. Quimby Fund – To account for the accumulation of developer fees received under the provisions of the Quimby Act for park development and improvements. Capital projects t o be funded from this source will be budgeted and expended in a separate capital projects fund. La Quinta Public Safety Officer Fund – To account for contributions to be distributed to public safety officers disabled or killed in the line of duty. Art in Public Places – To account for development fees paid in lieu of acquisition and installation of approved artworks in a development with expenditures restricted to acquisition, installation, maintenance and repair of artworks at approved sites. South Coast Air Quality Fund – To account for contributions from the South Coast Air Quality Management District. Use is limited to reduction and control of airborne pollutants. AB 939 Fund – To account for the State mandated program to reduce waste sent to the landfills through recycling efforts. Development Agreement Fund – To account for the proceeds of development agreement revenues collected and the related expenditures in accordance with State requirements. Law Enforcement Fund – To account for law enforcement grants and restricted revenue for public safety. Justice Assistance Grant Fund – To account for Federal Bureau of Justice Block Grant program grant funds, which are used to reduce crime and improve public safety. 82 SPECIAL REVENUE FUNDS (CONTINUED) Measure A Fund – To account for the revenues and expenditures related to Measure A monies. Economic Development Fund – To account for the revenues and expenditures related to proceeds from sale of City owned land and future economic development. AB 1379 Fund – To account for the revenues and expenditures related to the annual business license accessibility fee to be used for expenses enhancing accessibility requirements. Transportation Uniform Mitigation Fee Fund – To account for the revenues and expenditures related to Transportation Uniform Mitigation Fee monies. CAPITAL PROJECT FUNDS Capital projects funds account for the financial resources to be used for the acquisition, construction or improvements of major capital facilities and infrastructure. Infrastructure Fund – To account for the accumulation of resources provided through developer fees for the acquisition, construction or improvement of the City’s infrastructure, prior to adoption of the new Developer Impact Fee Structure on August 16, 1999. This fund accounts for all developer resources received prior to this date, and is budgeted by the Council through adoption of the annual capital improvement program budget. Transportation Fund, Parks and Recreations Fund, Library Development Fund, Community Center Fund, Street Facility Fund, Park Facility Fund, Fire Facility Fund – To account for the accumulation of resources provided through developer fees for the acquisition, construction, or improvement of the City’s infrastructure. The Developer Impact Fee was adopted by the City Council on August 16, 1999. Eight new funds have been established to account for the specific impact areas of these fees, and are budgeted by the Council through adoption of the annual Capital Improvement Program budget. DEBT SERVICE FUNDS Debt Service Funds are used to account for the accumulation of resources for, and the payment of, governmental long-term debt principal and interest. La Quinta Financing Authority Fund – To account for rental activity for the Civic Center and rental income used to pay the Financing Authority Civic Center and 2004 Local Agency Revenue Bond debt obligations. CITY OF LA QUINTA, CALIFORNIA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2019 83 Library and Federal Gas Tax Museum Assistance SLESA Assets: Pooled cash and investments 573,673$ 5,977,958$ -$ 154,356$ Receivables: Taxes - - - - Accrued interest 1,596 16,636 - 430 Prepaid costs - 386 - - Due from other governments 134,854 829,606 42,894 - Total Assets 710,123$ 6,824,586$ 42,894$ 154,786$ Liabilities and Fund Balances: Liabilities: Accounts payable 9,386$ 21,380$ -$ 14,519$ Accrued liabilities 19,908 - - - Due to other governments - - - - Due to other funds - - 42,894 - Total Liabilities 29,294 21,380 42,894 14,519 Fund Balances: Nonspendable: Prepaid costs - 386 - - Restricted for: Planning and development projects - - - - Public safety - - - 140,267 Community services - 6,802,820 - - Public works 680,829 - - - Capital projects - - - - Unassigned - - - - Total Fund Balances 680,829 6,803,206 - 140,267 Total Liabilities and Fund Balances 710,123$ 6,824,586$ 42,894$ 154,786$ Special Revenue Funds CITY OF LA QUINTA, CALIFORNIA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS (CONTINUED) JUNE 30, 2019 84 Assets: Pooled cash and investments Receivables: Taxes Accrued interest Prepaid costs Due from other governments Total Assets Liabilities and Fund Balances: Liabilities: Accounts payable Accrued liabilities Due to other governments Due to other funds Total Liabilities Fund Balances: Nonspendable: Prepaid costs Restricted for: Planning and development projects Public safety Community services Public works Capital projects Unassigned Total Fund Balances Total Liabilities and Fund Balances Lighting and Art in Landscaping Quimby Public Safety Public Places 568,838$ 3,419,620$ 43,657$ 546,428$ 25,563 - - - 1,583 9,517 121 1,521 - - - - - - - - 595,984$ 3,429,137$ 43,778$ 547,949$ 55,976$ -$ -$ 11,700$ 2,538 - - - - - - - - - - - 58,514 - - 11,700 - - - - - - - - - - 43,778 - - 3,429,137 - 536,249 537,470 - - - - - - - - - - - 537,470 3,429,137 43,778 536,249 595,984$ 3,429,137$ 43,778$ 547,949$ Special Revenue Funds CITY OF LA QUINTA, CALIFORNIA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS (CONTINUED) JUNE 30, 2019 85 Assets: Pooled cash and investments Receivables: Taxes Accrued interest Prepaid costs Due from other governments Total Assets Liabilities and Fund Balances: Liabilities: Accounts payable Accrued liabilities Due to other governments Due to other funds Total Liabilities Fund Balances: Nonspendable: Prepaid costs Restricted for: Planning and development projects Public safety Community services Public works Capital projects Unassigned Total Fund Balances Total Liabilities and Fund Balances South Coast Development Law Air Quality AB 939 Agreement Enforcement 99,791$ 821,738$ -$ 1,172,433$ - - - - 278 2,287 - 3,263 - - - - 3,463 2,527 - - 103,532$ 826,552$ -$ 1,175,696$ 391$ 547$ -$ 3,018$ - - - - - - - - - - - 74 391 547 - 3,092 - - - - 103,141 826,005 - - - - - 1,172,604 - - - - - - - - - - - - - - - - 103,141 826,005 - 1,172,604 103,532$ 826,552$ -$ 1,175,696$ Special Revenue Funds CITY OF LA QUINTA, CALIFORNIA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS (CONTINUED) JUNE 30, 2019 86 Assets: Pooled cash and investments Receivables: Taxes Accrued interest Prepaid costs Due from other governments Total Assets Liabilities and Fund Balances: Liabilities: Accounts payable Accrued liabilities Due to other governments Due to other funds Total Liabilities Fund Balances: Nonspendable: Prepaid costs Restricted for: Planning and development projects Public safety Community services Public works Capital projects Unassigned Total Fund Balances Total Liabilities and Fund Balances Justice Assistance Economic Grant Measure A Development AB 1379 -$ 1,368,290$ 2,999,159$ 19,375$ - 66,715 - - - 3,808 8,345 53 - - - - - - - - -$ 1,438,813$ 3,007,504$ 19,428$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - - - 19,428 - - - - - - 3,007,504 - - 1,438,813 - - - - - - - - - - - 1,438,813 3,007,504 19,428 -$ 1,438,813$ 3,007,504$ 19,428$ Special Revenue Funds CITY OF LA QUINTA, CALIFORNIA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS (CONTINUED) JUNE 30, 2019 87 Assets: Pooled cash and investments Receivables: Taxes Accrued interest Prepaid costs Due from other governments Total Assets Liabilities and Fund Balances: Liabilities: Accounts payable Accrued liabilities Due to other governments Due to other funds Total Liabilities Fund Balances: Nonspendable: Prepaid costs Restricted for: Planning and development projects Public safety Community services Public works Capital projects Unassigned Total Fund Balances Total Liabilities and Fund Balances Special Revenue Funds Transportation Uniform Parks and Mitigation Fee Infrastructure Transportation Recreation 448,747$ 21,853$ 2,457,694$ 1,261,074$ - - - - 1,249 61 6,840 3,509 - - - - - - - - 449,996$ 21,914$ 2,464,534$ 1,264,583$ 443,232$ 1,810$ 1,810$ 1,810$ - - - - - - - - - - - - 443,232 1,810 1,810 1,810 - - - - 6,764 - - - - - - - - - - - - - - - - 20,104 2,462,724 1,262,773 - - - - 6,764 20,104 2,462,724 1,262,773 449,996$ 21,914$ 2,464,534$ 1,264,583$ Capital Projects Funds CITY OF LA QUINTA, CALIFORNIA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS (CONTINUED) JUNE 30, 2019 88 Assets: Pooled cash and investments Receivables: Taxes Accrued interest Prepaid costs Due from other governments Total Assets Liabilities and Fund Balances: Liabilities: Accounts payable Accrued liabilities Due to other governments Due to other funds Total Liabilities Fund Balances: Nonspendable: Prepaid costs Restricted for: Planning and development projects Public safety Community services Public works Capital projects Unassigned Total Fund Balances Total Liabilities and Fund Balances Library Community Development Center Street Facility Park Facility -$ 160,255$ 12,065$ 28$ - - - - - 446 34 - - - - - - - - - -$ 160,701$ 12,099$ 28$ 1,810$ 1,810$ 1,810$ 1,810$ - - - - 1,548,436 - - - - - - - 1,550,246 1,810 1,810 1,810 - - - - - - - - - - - - - - - - - - 10,289 - - 158,891 - - (1,550,246) - - (1,782) (1,550,246) 158,891 10,289 (1,782) -$ 160,701$ 12,099$ 28$ Capital Project Funds CITY OF LA QUINTA, CALIFORNIA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS (CONTINUED) JUNE 30, 2019 89 Assets: Pooled cash and investments Receivables: Taxes Accrued interest Prepaid costs Due from other governments Total Assets Liabilities and Fund Balances: Liabilities: Accounts payable Accrued liabilities Due to other governments Due to other funds Total Liabilities Fund Balances: Nonspendable: Prepaid costs Restricted for: Planning and development projects Public safety Community services Public works Capital projects Unassigned Total Fund Balances Total Liabilities and Fund Balances Capital Projects Debt Service Funds Fund Total Financing Governmental Fire Facility Authority Funds 36,780$ -$ 22,163,812$ - - 92,278 102 - 61,679 - - 386 - - 1,013,344 36,882$ -$ 23,331,499$ 1,810$ -$ 574,629$ - - 22,446 - - 1,548,436 - - 42,968 1,810 - 2,188,479 - - 386 - - 955,338 35,072 - 1,391,721 - - 13,775,710 - - 2,667,401 - - 3,904,492 - - (1,552,028) 35,072 - 21,143,020 36,882$ -$ 23,331,499$ CITY OF LA QUINTA, CALIFORNIA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS YEAR ENDED JUNE 30, 2019 90 Library and Federal Gas Tax Museum Assistance SLESA Revenues: Taxes -$ -$ -$ -$ Assessments - - - - Intergovernmental 1,607,094 3,619,928 60,999 148,747 Use of money and property 13,919 176,246 - 3,769 Developer participation - - - - Miscellaneous 46,466 2,903 - - Total Revenues 1,667,479 3,799,077 60,999 152,516 Expenditures: Current: General government - - - - Public safety - - - 70,887 Planning and development - - - - Community services - 1,890,887 - - Public works 1,219,342 - 18,105 - Capital outlay - 16,693 - - Debt service: Principal retirement - - - - Interest and fiscal charges - - - - Total Expenditures 1,219,342 1,907,580 18,105 70,887 Excess (Deficiency) of Revenues Over (Under) Expenditures 448,137 1,891,497 42,894 81,629 Other Financing Sources (Uses): Transfers in 423,500 - - - Transfers out (568,262) - (42,894) - Total Other Financing Sources (Uses)(144,762) - (42,894) - Special Item: Interfund loan payoff - - - - Net Change in Fund Balances 303,375 1,891,497 - 81,629 Fund Balances, Beginning of Year 377,454 4,911,709 - 58,638 Fund Balances, End of Year 680,829$ 6,803,206$ -$ 140,267$ Special Revenue Funds CITY OF LA QUINTA, CALIFORNIA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS (CONTINUED) YEAR ENDED JUNE 30, 2019 91 Revenues: Taxes Assessments Intergovernmental Use of money and property Developer participation Miscellaneous Total Revenues Expenditures: Current: General government Public safety Planning and development Community services Public works Capital outlay Debt service: Principal retirement Interest and fiscal charges Total Expenditures Excess (Deficiency) of Revenues Over (Under) Expenditures Other Financing Sources (Uses): Transfers in Transfers out Total Other Financing Sources (Uses) Special Item: Interfund loan payoff Net Change in Fund Balances Fund Balances, Beginning of Year Fund Balances, End of Year Lighting and Art in Landscaping Quimby Public Safety Public Places -$ -$ -$ -$ 961,633 - - - - - - - 12,501 129,832 1,335 16,561 - - - 103,172 - - - - 974,134 129,832 1,335 119,733 - - - - - - - - - - - - - - - 22,921 1,471,289 - - - - - - 69,590 - - - - - - - - 1,471,289 - - 92,511 (497,155) 129,832 1,335 27,222 624,000 - 2,000 - - (1,296,611) - - 624,000 (1,296,611) 2,000 - - - - - 126,845 (1,166,779) 3,335 27,222 410,625 4,595,916 40,443 509,027 537,470$ 3,429,137$ 43,778$ 536,249$ Special Revenue Funds CITY OF LA QUINTA, CALIFORNIA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS (CONTINUED) YEAR ENDED JUNE 30, 2019 92 Revenues: Taxes Assessments Intergovernmental Use of money and property Developer participation Miscellaneous Total Revenues Expenditures: Current: General government Public safety Planning and development Community services Public works Capital outlay Debt service: Principal retirement Interest and fiscal charges Total Expenditures Excess (Deficiency) of Revenues Over (Under) Expenditures Other Financing Sources (Uses): Transfers in Transfers out Total Other Financing Sources (Uses) Special Item: Interfund loan payoff Net Change in Fund Balances Fund Balances, Beginning of Year Fund Balances, End of Year South Coast Development Law Air Quality AB 939 Agreement Enforcement -$ 54,645$ -$ -$ - - - - 53,444 10,365 - 16,519 2,770 26,151 682 20,141 - - - - - - - - 56,214 91,161 682 36,660 - - - - - - - 16,532 42,729 91,815 - - - - - - - - - - - - 77,741 - - - - - - - - - 42,729 91,815 77,741 16,532 13,485 (654) (77,059) 20,128 - - 20,229 850,000 - - - - - - 20,229 850,000 - - - - 13,485 (654) (56,830) 870,128 89,656 826,659 56,830 302,476 103,141$ 826,005$ -$ 1,172,604$ Special Revenue Funds CITY OF LA QUINTA, CALIFORNIA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS (CONTINUED) YEAR ENDED JUNE 30, 2019 93 Revenues: Taxes Assessments Intergovernmental Use of money and property Developer participation Miscellaneous Total Revenues Expenditures: Current: General government Public safety Planning and development Community services Public works Capital outlay Debt service: Principal retirement Interest and fiscal charges Total Expenditures Excess (Deficiency) of Revenues Over (Under) Expenditures Other Financing Sources (Uses): Transfers in Transfers out Total Other Financing Sources (Uses) Special Item: Interfund loan payoff Net Change in Fund Balances Fund Balances, Beginning of Year Fund Balances, End of Year Justice Assistance Economic Grant Measure A Development AB 1379 -$ 742,921$ -$ -$ - - - - - - - 20,366 - 40,527 31,940 331 - - - - - - - - - 783,448 31,940 20,697 - - - - - - - - - - - 1,269 - - - - - 3,601 - - - - - - - - - - - - - - - 3,601 - 1,269 - 779,847 31,940 19,428 268 - 2,975,564 - - (586,582) - - 268 (586,582) 2,975,564 - - - - - 268 193,265 3,007,504 19,428 (268) 1,245,548 - - -$ 1,438,813$ 3,007,504$ 19,428$ Special Revenue Funds CITY OF LA QUINTA, CALIFORNIA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS (CONTINUED) YEAR ENDED JUNE 30, 2019 94 Revenues: Taxes Assessments Intergovernmental Use of money and property Developer participation Miscellaneous Total Revenues Expenditures: Current: General government Public safety Planning and development Community services Public works Capital outlay Debt service: Principal retirement Interest and fiscal charges Total Expenditures Excess (Deficiency) of Revenues Over (Under) Expenditures Other Financing Sources (Uses): Transfers in Transfers out Total Other Financing Sources (Uses) Special Item: Interfund loan payoff Net Change in Fund Balances Fund Balances, Beginning of Year Fund Balances, End of Year Special Revenue Funds Transportation Uniform Parks and Mitigation Fee Infrastructure Transportation Recreation -$ -$ -$ -$ - - - - - - - - 5,666 733 91,637 35,346 - - 639,345 344,064 - - - - 5,666 733 730,982 379,410 - - - - - - - - - 4,543 4,543 4,542 - - - - - - 400,000 - - - - - - - - - - - - - - 4,543 404,543 4,542 5,666 (3,810) 326,439 374,868 - - 25,242 - - - (987,337) - - - (962,095) - - - - - 5,666 (3,810) (635,656) 374,868 1,098 23,914 3,098,380 887,905 6,764$ 20,104$ 2,462,724$ 1,262,773$ Capital Projects Funds CITY OF LA QUINTA, CALIFORNIA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS (CONTINUED) YEAR ENDED JUNE 30, 2019 95 Revenues: Taxes Assessments Intergovernmental Use of money and property Developer participation Miscellaneous Total Revenues Expenditures: Current: General government Public safety Planning and development Community services Public works Capital outlay Debt service: Principal retirement Interest and fiscal charges Total Expenditures Excess (Deficiency) of Revenues Over (Under) Expenditures Other Financing Sources (Uses): Transfers in Transfers out Total Other Financing Sources (Uses) Special Item: Interfund loan payoff Net Change in Fund Balances Fund Balances, Beginning of Year Fund Balances, End of Year Library Community Development Center Street Facility Park Facility -$ -$ -$ -$ - - - - - - - - - 4,805 129 2 57,792 21,672 26,100 6,719 - - - - 57,792 26,477 26,229 6,721 - - - - - - - - 4,542 4,543 4,543 4,542 - - - - - - - - - - - - - - - - 30,939 - 25,906 - 35,481 4,543 30,449 4,542 22,311 21,934 (4,220) 2,179 - - 3,966 - - - - (3,966) - - 3,966 (3,966) - - 1,902,137 - 22,311 21,934 1,901,883 (1,787) (1,572,557) 136,957 (1,891,594) 5 (1,550,246)$ 158,891$ 10,289$ (1,782)$ Capital Projects Funds CITY OF LA QUINTA, CALIFORNIA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS (CONTINUED) YEAR ENDED JUNE 30, 2019 96 Revenues: Taxes Assessments Intergovernmental Use of money and property Developer participation Miscellaneous Total Revenues Expenditures: Current: General government Public safety Planning and development Community services Public works Capital outlay Debt service: Principal retirement Interest and fiscal charges Total Expenditures Excess (Deficiency) of Revenues Over (Under) Expenditures Other Financing Sources (Uses): Transfers in Transfers out Total Other Financing Sources (Uses) Special Item: Interfund loan payoff Net Change in Fund Balances Fund Balances, Beginning of Year Fund Balances, End of Year Capital Projects Debt Service Funds Funds Total Financing Governmental Fire Facility Authority Funds -$ -$ 797,566$ - - 961,633 - - 5,537,462 392 668,861 1,284,276 81,369 - 1,280,233 - - 49,369 81,761 668,861 9,910,539 - 1,000 1,000 - - 87,419 4,542 - 172,153 - - 1,913,808 - - 3,112,337 - - 164,024 - 650,000 650,000 6,501 18,038 81,384 11,043 669,038 6,182,125 70,718 (177) 3,728,414 - - 4,924,769 - - (3,485,652) - - 1,439,117 455,197 - 2,357,334 525,915 (177) 7,524,865 (490,843) 177 13,618,155 35,072$ -$ 21,143,020$ CITY OF LA QUINTA, CALIFORNIA BUDGETARY COMPARISON SCHEDULE STATE GAS TAX YEAR ENDED JUNE 30, 2019 97 Variance with Final Budget Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 377,454$ 377,454$ 377,454$ -$ Resources (InFlows): Intergovernmental 1,662,500 1,494,000 1,607,094 113,094 Use of money and property 2,000 2,000 13,919 11,919 Miscellaneous 46,000 46,000 46,466 466 Transfers in 255,000 423,500 423,500 - Amounts Available for Appropriations 2,342,954 2,342,954 2,468,433 125,479 Charges to Appropriation (OutFlows): Public works 1,284,400 1,292,300 1,219,342 72,958 Transfers out 675,500 718,529 568,262 150,267 Total Charges to Appropriations 1,959,900 2,010,829 1,787,604 223,225 Budgetary Fund Balance, June 30 383,054$ 332,125$ 680,829$ 348,704$ Budget Amounts CITY OF LA QUINTA, CALIFORNIA BUDGETARY COMPARISON SCHEDULE LIBRARY AND MUSEUM YEAR ENDED JUNE 30, 2019 98 Variance with Final Budget Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 4,911,709$ 4,911,709$ 4,911,709$ -$ Resources (InFlows): Intergovernmental 2,288,000 2,288,000 3,619,928 1,331,928 Use of money and property 20,000 20,000 176,246 156,246 Miscellaneous revenue 25,000 5,000 2,903 (2,097) Amounts Available for Appropriations 7,244,709 7,224,709 8,710,786 1,486,077 Charges to Appropriation (OutFlows): Community services 1,608,200 1,773,400 1,890,887 (117,487) Capital Outlay 20,000 20,000 16,693 3,307 Total Charges to Appropriations 1,628,200 1,793,400 1,907,580 (114,180) Budgetary Fund Balance, June 30 5,616,509$ 5,431,309$ 6,803,206$ 1,371,897$ Budget Amounts CITY OF LA QUINTA, CALIFORNIA BUDGETARY COMPARISON SCHEDULE FEDERAL ASSISTANCE YEAR ENDED JUNE 30, 2019 99 Variance with Final Budget Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 -$ -$ -$ -$ Resources (InFlows): Intergovernmental 72,000 66,226 60,999 (5,227) Amounts Available for Appropriations 72,000 66,226 60,999 (5,227) Charges to Appropriation (OutFlows): Public Works 20,000 20,000 18,105 1,895 Transfers out 52,000 46,226 42,894 3,332 Total Charges to Appropriations 72,000 66,226 60,999 5,227 Budgetary Fund Balance, June 30 -$ -$ -$ -$ Budget Amounts CITY OF LA QUINTA, CALIFORNIA BUDGETARY COMPARISON SCHEDULE SLESA YEAR ENDED JUNE 30, 2019 100 Variance with Final Budget Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 58,638$ 58,638$ 58,638$ -$ Resources (InFlows): Intergovernmental 100,000 100,000 148,747 48,747 Use of money and property 100 100 3,769 3,669 Amounts Available for Appropriations 158,738 158,738 211,154 52,416 Charges to Appropriation (OutFlows): Public safety 100,000 100,000 70,887 29,113 Total Charges to Appropriations 100,000 100,000 70,887 29,113 Budgetary Fund Balance, June 30 58,738$ 58,738$ 140,267$ 81,529$ Budget Amounts CITY OF LA QUINTA, CALIFORNIA BUDGETARY COMPARISON SCHEDULE LIGHTING AND LANDSCAPING YEAR ENDED JUNE 30, 2019 101 Variance with Final Budget Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 410,625$ 410,625$ 410,625$ -$ Resources (InFlows): Assessments 960,000 960,000 961,633 1,633 Use of money and property 2,100 2,100 12,501 10,401 Transfers in 624,000 624,000 624,000 - Amounts Available for Appropriations 1,996,725 1,996,725 2,008,759 12,034 Charges to Appropriation (OutFlows): Public works 1,582,700 1,785,400 1,471,289 314,111 Total Charges to Appropriations 1,582,700 1,785,400 1,471,289 314,111 Budgetary Fund Balance, June 30 414,025$ 211,325$ 537,470$ 326,145$ Budget Amounts CITY OF LA QUINTA, CALIFORNIA BUDGETARY COMPARISON SCHEDULE QUIMBY YEAR ENDED JUNE 30, 2019 102 Variance with Final Budget Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 4,595,916$ 4,595,916$ 4,595,916$ -$ Resources (InFlows): Use of money and property 15,000 31,000 129,832 98,832 Developer participation 352,000 352,000 - (352,000) Amounts Available for Appropriations 4,962,916 4,978,916 4,725,748 (253,168) Charges to Appropriation (OutFlows): Transfers out 3,956,000 5,748,488 1,296,611 4,451,877 Total Charges to Appropriations 3,956,000 5,748,488 1,296,611 4,451,877 Budgetary Fund Balance, June 30 1,006,916$ (769,572)$ 3,429,137$ 4,198,709$ Budget Amounts CITY OF LA QUINTA, CALIFORNIA BUDGETARY COMPARISON SCHEDULE PUBLIC SAFETY YEAR ENDED JUNE 30, 2019 103 Variance with Final Budget Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 40,443$ 40,443$ 40,443$ -$ Resources (InFlows): Use of money and property 100 100 1,335 1,235 Transfers in 2,000 2,000 2,000 - Amounts Available for Appropriations 42,543 42,543 43,778 1,235 Budgetary Fund Balance, June 30 42,543$ 42,543$ 43,778$ 1,235$ Budget Amounts CITY OF LA QUINTA, CALIFORNIA BUDGETARY COMPARISON SCHEDULE ART IN PUBLIC PLACES YEAR ENDED JUNE 30, 2019 104 Variance with Final Budget Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 509,027$ 509,027$ 509,027$ -$ Resources (InFlows): Use of money and property 3,500 3,500 16,561 13,061 Developer participation 85,000 85,000 103,172 18,172 Miscellaneous revenue - - - - Amounts Available for Appropriations 597,527 597,527 628,760 31,233 Charges to Appropriation (OutFlows): Community services 22,000 22,000 22,921 (921) Capital outlay 100,000 100,000 69,590 30,410 Transfers out 200,000 600,000 - 600,000 Total Charges to Appropriations 322,000 722,000 92,511 629,489 Budgetary Fund Balance, June 30 275,527$ (124,473)$ 536,249$ 660,722$ Budget Amounts CITY OF LA QUINTA, CALIFORNIA BUDGETARY COMPARISON SCHEDULE SOUTH COAST AIR QUALITY YEAR ENDED JUNE 30, 2019 105 Variance with Final Budget Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 89,656$ 89,656$ 89,656$ -$ Resources (InFlows): Intergovernmental 51,000 51,000 53,444 2,444 Use of money and property 500 500 2,770 2,270 Amounts Available for Appropriations 141,156 141,156 145,870 4,714 Charges to Appropriation (OutFlows): Planning and development 54,000 54,000 42,729 11,271 Total Charges to Appropriations 54,000 54,000 42,729 11,271 Budgetary Fund Balance, June 30 87,156$ 87,156$ 103,141$ 15,985$ Budget Amounts CITY OF LA QUINTA, CALIFORNIA BUDGETARY COMPARISON SCHEDULE AB 939 YEAR ENDED JUNE 30, 2019 106 Variance with Final Budget Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 826,659$ 826,659$ 826,659$ -$ Resources (InFlows): Taxes 61,000 61,000 54,645 (6,355) Intergovernmental - - 10,365 10,365 Use of money and property 2,700 5,200 26,151 20,951 Amounts Available for Appropriations 890,359 892,859 917,820 24,961 Charges to Appropriation (OutFlows): Planning and development 35,000 95,000 91,815 3,185 Total Charges to Appropriations 35,000 95,000 91,815 3,185 Budgetary Fund Balance, June 30 855,359$ 797,859$ 826,005$ 28,146$ Budget Amounts CITY OF LA QUINTA, CALIFORNIA BUDGETARY COMPARISON SCHEDULE DEVELOPMENT AGREEMENT YEAR ENDED JUNE 30, 2019 107 Variance with Final Budget Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 56,830$ 56,830$ 56,830$ -$ Resources (InFlows): Use of money and property - 800 682 (118) Transfer in - 30,000 20,229 (9,771) Amounts Available for Appropriations 56,830 87,630 77,741 (9,889) Charges to Appropriation (OutFlows): Capital outlay 67,000 97,000 77,741 19,259 Total Charges to Appropriations 67,000 97,000 77,741 19,259 Budgetary Fund Balance, June 30 (10,170)$ (9,370)$ -$ 9,370$ Budget Amounts CITY OF LA QUINTA, CALIFORNIA BUDGETARY COMPARISON SCHEDULE LAW ENFORCEMENT YEAR ENDED JUNE 30, 2019 108 Variance with Final Budget Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 302,476$ 302,476$ 302,476$ -$ Resources (InFlows): Intergovernmental - 18,000 16,519 (1,481) Use of money and property - 3,000 20,141 17,141 Transfer In 200,000 850,000 850,000 - Amounts Available for Appropriations 502,476 1,173,476 1,189,136 15,660 Charges to Appropriation (OutFlows): Public safety - 18,000 16,532 1,468 Total Charges to Appropriations - 18,000 16,532 1,468 Budgetary Fund Balance, June 30 502,476$ 1,155,476$ 1,172,604$ 17,128$ Budget Amounts CITY OF LA QUINTA, CALIFORNIA BUDGETARY COMPARISON SCHEDULE JUSTICE ASSISTANCE GRANT YEAR ENDED JUNE 30, 2019 109 Variance with Final Budget Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 (268)$ (268)$ (268)$ -$ Resources (InFlows): Transfers in - 213 268 55 Amounts Available for Appropriations (268) (55) - 55 Budgetary Fund Balance, June 30 (268)$ (55)$ -$ 55$ Budget Amounts CITY OF LA QUINTA, CALIFORNIA BUDGETARY COMPARISON SCHEDULE MEASURE A YEAR ENDED JUNE 30, 2019 110 Variance with Final Budget Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 1,245,548$ 1,245,548$ 1,245,548$ -$ Resources (InFlows): Taxes 961,708 961,708 742,921 (218,787) Use of money and property 10,000 13,000 40,527 27,527 Amounts Available for Appropriations 2,217,256 2,220,256 2,028,996 (191,260) Charges to Appropriation (OutFlows): Public Works - - 3,601 (3,601) Transfers out 961,708 2,326,030 586,582 1,739,448 Total Charges to Appropriations 961,708 2,326,030 590,183 1,735,847 Budgetary Fund Balance, June 30 1,255,548$ (105,774)$ 1,438,813$ 1,544,587$ Budget Amounts CITY OF LA QUINTA, CALIFORNIA BUDGETARY COMPARISON SCHEDULE ECONOMIC DEVELOPMENT FUND YEAR ENDED JUNE 30, 2019 111 Variance with Final Budget Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 -$ -$ -$ -$ Resources (InFlows): Use of money and property - - 31,940 31,940 Miscellaneous revenue - 1,389,600 - (1,389,600) Transfer in - 1,592,000 2,975,564 1,383,564 Amounts Available for Appropriations - 2,981,600 3,007,504 25,904 Budgetary Fund Balance, June 30 -$ 2,981,600$ 3,007,504$ 25,904$ Budget Amounts CITY OF LA QUINTA, CALIFORNIA BUDGETARY COMPARISON SCHEDULE AB 1379 FUND YEAR ENDED JUNE 30, 2019 112 Variance with Final Budget Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 -$ -$ -$ -$ Resources (InFlows): Intergovernmental 4,000 10,000 20,366 10,366 Use of money and property - - 331 331 Amounts Available for Appropriations 4,000 10,000 20,697 10,697 Charges to Appropriation (OutFlows): Planning and development 4,000 5,500 1,269 4,231 Total Charges to Appropriations 4,000 5,500 1,269 4,231 Budgetary Fund Balance, June 30 -$ 4,500$ 19,428$ 14,928$ Budget Amounts CITY OF LA QUINTA, CALIFORNIA BUDGETARY COMPARISON SCHEDULE CAPITAL IMPROVEMENT YEAR ENDED JUNE 30, 2019 113 Variance with Final Budget Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 (347,562)$ (347,562)$ (347,562)$ -$ Resources (InFlows): Intergovernmental - 20,639,857 1,282,273 (19,357,584) Use of money and property - - 18,893 18,893 Developer participation 81,970 630,811 774,304 143,493 Transfers in 11,873,971 35,393,125 7,731,237 (27,661,888) Amounts Available for Appropriations 11,608,379 56,316,231 9,459,145 (46,857,086) Charges to Appropriation (OutFlows): Planning and development 1,484,500 2,436,201 1,492,068 944,133 Capital outlay 10,471,441 54,238,600 8,035,167 46,203,433 Transfers out - - 311,833 (311,833) Total Charges to Appropriations 11,955,941 56,674,801 9,839,068 46,835,733 Budgetary Fund Balance, June 30 (347,562)$ (358,570)$ (379,923)$ (21,353)$ Budget Amounts CITY OF LA QUINTA, CALIFORNIA BUDGETARY COMPARISON SCHEDULE CIVIC CENTER YEAR ENDED JUNE 30, 2019 114 Variance with Final Budget Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 (7,103,053)$ (7,103,053)$ (7,103,053)$ -$ Resources (InFlows): Use of money and property - - 865 865 Developer participation 110,000 110,000 176,934 66,934 Special Item: Interfund loan payoff - - 7,106,231 7,106,231 Amounts Available for Appropriations (6,993,053) (6,993,053) 180,977 7,174,030 Charges to Appropriation (OutFlows): Debt service: Interest and fiscal charges 110,000 110,000 96,696 13,304 Planning and development - 5,952 4,541 1,411 Total Charges to Appropriations 110,000 115,952 101,237 14,715 Budgetary Fund Balance, June 30 (7,103,053)$ (7,109,005)$ 79,740$ 7,188,745$ Budget Amounts CITY OF LA QUINTA, CALIFORNIA BUDGETARY COMPARISON SCHEDULE INFRASTRUCTURE FUND YEAR ENDED JUNE 30, 2019 115 Variance with Final Budget Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 23,914$ 23,914$ 23,914$ -$ Resources (InFlows): Use of money and property 100 100 733 633 Amounts Available for Appropriations 24,014 24,014 24,647 633 Charges to Appropriation (OutFlows): Planning and development - 5,953 4,543 1,410 Transfers out - 22,618 - 22,618 Total Charges to Appropriations - 28,571 4,543 24,028 Budgetary Fund Balance, June 30 24,014$ (4,557)$ 20,104$ 24,661$ Budget Amounts CITY OF LA QUINTA, CALIFORNIA BUDGETARY COMPARISON SCHEDULE TRANSPORTATION YEAR ENDED JUNE 30, 2019 116 Variance with Final Budget Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 3,098,380$ 3,098,380$ 3,098,380$ -$ Resources (InFlows): Use of money and property 19,000 29,000 91,637 62,637 Developer participation 350,000 350,000 639,345 289,345 Transfers in - - 25,242 25,242 Amounts Available for Appropriations 3,467,380 3,477,380 3,854,604 377,224 Charges to Appropriation (OutFlows): Planning and development - 5,953 4,543 1,410 Public Works 400,000 400,000 400,000 - Transfers out - 2,151,507 987,337 1,164,170 Total Charges to Appropriations 400,000 2,557,460 1,391,880 1,165,580 Budgetary Fund Balance, June 30 3,067,380$ 919,920$ 2,462,724$ 1,542,804$ Budget Amounts CITY OF LA QUINTA, CALIFORNIA BUDGETARY COMPARISON SCHEDULE PARKS AND RECREATION YEAR ENDED JUNE 30, 2019 117 Variance with Final Budget Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 887,905$ 887,905$ 887,905$ -$ Resources (InFlows): Use of money and property 1,500 5,500 35,346 29,846 Developer participation 506,700 506,700 344,064 (162,636) Amounts Available for Appropriations 1,396,105 1,400,105 1,267,315 (132,790) Charges to Appropriation (OutFlows): Planning and development - 5,952 4,542 (1,410) Transfers out - 2,400,000 - (2,400,000) Total Charges to Appropriations - 2,405,952 4,542 (2,401,410) Budgetary Fund Balance, June 30 1,396,105$ (1,005,847)$ 1,262,773$ (2,534,200)$ Budget Amounts CITY OF LA QUINTA, CALIFORNIA BUDGETARY COMPARISON SCHEDULE LIBRARY DEVELOPMENT YEAR ENDED JUNE 30, 2019 118 Variance with Final Budget Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 (1,572,557)$ (1,572,557)$ (1,572,557)$ -$ Resources (InFlows): Developer participation 30,000 30,000 57,792 27,792 Amounts Available for Appropriations (1,542,557) (1,542,557) (1,514,765) 27,792 Charges to Appropriation (OutFlows): Debt service: Interest and fiscal charges 30,000 30,000 30,939 (939) Planning and development - 5,952 4,542 1,410 Total Charges to Appropriations 30,000 35,952 35,481 471 Budgetary Fund Balance, June 30 (1,572,557)$ (1,578,509)$ (1,550,246)$ 28,263$ Budget Amounts CITY OF LA QUINTA, CALIFORNIA BUDGETARY COMPARISON SCHEDULE COMMUNITY CENTER YEAR ENDED JUNE 30, 2019 119 Variance with Final Budget Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 136,957$ 136,957$ 136,957$ -$ Resources (InFlows): Use of money and property 400 400 4,805 4,405 Developer participation 15,000 15,000 21,672 6,672 Amounts Available for Appropriations 152,357 152,357 163,434 11,077 Charges to Appropriation (OutFlows): Planning and development - 5,952 4,543 1,409 Transfers out - 101,639 - 101,639 Total Charges to Appropriations - 107,591 4,543 103,048 Budgetary Fund Balance, June 30 152,357$ 44,766$ 158,891$ (91,971)$ Budget Amounts CITY OF LA QUINTA, CALIFORNIA BUDGETARY COMPARISON SCHEDULE STREET FACILITY YEAR ENDED JUNE 30, 2019 120 Variance with Final Budget Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 (1,891,594)$ (1,891,594)$ (1,891,594)$ -$ Resources (InFlows): Use of money and property - - 129 129 Developer participation 15,000 15,000 26,100 11,100 Transfers in - - 3,966 3,966 Special Item Interfund loan payoff - - 1,902,137 1,902,137 Amounts Available for Appropriations (1,876,594) (1,876,594) 40,738 1,917,332 Charges to Appropriation (OutFlows): Debt service: Interest and fiscal charges 15,000 15,000 25,906 (10,906) Planning and development - 5,952 4,543 1,409 Total Charges to Appropriations 15,000 20,952 30,449 (9,497) Budgetary Fund Balance, June 30 (1,891,594)$ (1,897,546)$ 10,289$ 1,907,835$ Budget Amounts CITY OF LA QUINTA, CALIFORNIA BUDGETARY COMPARISON SCHEDULE PARK FACILITY YEAR ENDED JUNE 30, 2019 121 Variance with Final Budget Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 5$ 5$ 5$ -$ Resources (InFlows): Use of money and property - - 2 2 Developer participation 4,000 4,000 6,719 2,719 Amounts Available for Appropriations 4,005 4,005 6,726 2,721 Charges to Appropriation (OutFlows): Planning and development 4,000 5,952 4,542 (1,410) Debt service: Interest and fiscal charges - 4,000 - (4,000) Transfers out - - 3,966 3,966 Total Charges to Appropriations 4,000 9,952 8,508 (1,444) Budgetary Fund Balance, June 30 5$ (5,947)$ (1,782)$ 1,277$ Budget Amounts CITY OF LA QUINTA, CALIFORNIA BUDGETARY COMPARISON SCHEDULE FIRE FACILITY YEAR ENDED JUNE 30, 2019 122 Variance with Final Budget Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 (490,843)$ (490,843)$ (490,843)$ -$ Resources (InFlows): Use of money and property - - 392 392 Developer participation 40,000 40,000 81,369 41,369 Special Item Interfund loan payoff - - 455,197 455,197 Amounts Available for Appropriations (450,843) (450,843) 46,115 496,958 Charges to Appropriation (OutFlows): Debt service: Interest and fiscal charges 40,000 40,000 6,501 33,499 Planning and development - 5,952 4,542 1,410 Total Charges to Appropriations 40,000 45,952 11,043 34,909 Budgetary Fund Balance, June 30 (490,843)$ (496,795)$ 35,072$ 531,867$ Budget Amounts CITY OF LA QUINTA, CALIFORNIA BUDGETARY COMPARISON SCHEDULE FINANCING AUTHORITY YEAR ENDED JUNE 30, 2019 123 Variance with Final Budget Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 177$ 177$ 177$ -$ Resources (InFlows): Use of money and property 671,600 671,600 668,861 (2,739) Amounts Available for Appropriations 671,777 671,777 669,038 (2,739) Charges to Appropriation (OutFlows): General government 3,500 3,500 1,000 2,500 Debt service: Principal retirement 650,000 650,000 650,000 - Interest and fiscal charges 18,100 18,100 18,038 62 Total Charges to Appropriations 671,600 671,600 669,038 2,562 Budgetary Fund Balance, June 30 177$ 177$ -$ (177)$ Budget Amounts 124 INTERNAL SERVICE FUNDS Internal service funds are used to account for activities involved in rendering services to departments within the City. Costs of materials and services used are accumulated in this fund and charged to the user departments as such goods are delivered or services rendered. The City of La Quinta has the following Internal Service Funds: Equipment Replacement Fund – To account for the operational maintenance and ultimate replacement of City owned and operated vehicles and equipment. Information Technology Fund – To account for the purchase and replacement of information systems. Park Equipment and Facilities Fund – To account for the purchase and replacement of City owned and operated park equipment and facilities. Insurance Fund – To account for the City’s insurance coverage. CITY OF LA QUINTA, CALIFORNIA COMBINING STATEMENT OF NET POSITION INTERNAL SERVICE FUNDS JUNE 30, 2019 125 Park Equipment Information Equipment Replacement Technology and Facilities Insurance Totals Assets: Current: Pooled Cash and investments 3,204,332$ 1,179,482$ 3,508,369$ 1,296$ 7,893,479$ Receivables: Accounts 3,790 - - - 3,790 Accrued interest 8,917 3,282 9,765 4 21,968 Prepaid costs - 90,375 - 750,327 840,702 Total Current Assets 3,217,039 1,273,139 3,518,134 751,627 8,759,939 Noncurrent: Capital assets - net of accumulated depreciation 1,405,680 340,648 12,832,605 - 14,578,933 Total Assets 4,622,719$ 1,613,787$ 16,350,739$ 751,627$ 23,338,872$ Liabilities: Current: Accounts payable 27,747$ 55,123$ 315$ 6$ 83,191$ Accrued liabilities - 699 - 1,286 1,985 Due to other funds - - - 385,439 385,439 Deferred Revenues 3,790 - - - 3,790 Current portion of capital leases 150,706 639 - - 151,345 Total Current Liabilities 182,243 56,461 315 386,731 625,750 Noncurrent: Long-term portion of capital leases 517,868 - - - 517,868 Total Liabilities 700,111 56,461 315 386,731 1,143,618 Net Position: Net investment in capital assets 737,106 340,009 12,832,605 - 13,909,720 Unrestricted 3,185,502 1,217,317 3,517,819 364,896 8,285,534 Total Net Position 3,922,608$ 1,557,326$ 16,350,424$ 364,896$ 22,195,254$ Governmental Activities - Internal Service Funds CITY OF LA QUINTA, CALIFORNIA COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET POSITION INTERNAL SERVICE FUNDS YEAR ENDED JUNE 30, 2019 126 Park Equipment Information Equipment and Replacement Technology Facilities Insurance Totals Operating Revenues: Sales and service charges 911,700$ 1,101,282$ 655,942$ 922,450$ 3,591,374$ Operating Expenses: Administration and general 25,898 38,278 - 193,003 257,179 Fuel and oil 66,256 - - - 66,256 Maintenance and parts 322,924 - - - 322,924 Contract services - 447,946 85,612 - 533,558 Software and supplies - 455,968 - 621,596 1,077,564 Depreciation expense 418,270 123,495 535,215 - 1,076,980 Total Operating Expenses 833,348 1,065,687 620,827 814,599 3,334,461 Operating Income (Loss) 78,352 35,595 35,115 107,851 256,913 Nonoperating Revenue (Expenses): Interest revenue 92,972 29,109 104,423 (753) 225,751 Interest expense (83,143) (211) - - (83,354) Gain on disposal of capital assets 50,578 79,237 - - 129,815 Total Nonoperating Revenues (Expenses)60,407 108,135 104,423 (753) 272,212 Income (Loss) before transfers 138,759 143,730 139,538 107,098 529,125 Transfers in 150,000 295,000 - - 445,000 Transfers out (10,706) - - - (10,706) Changes in Net Position 278,053 438,730 139,538 107,098 963,419 Net Position: Beginning of Year 3,644,555 1,118,596 16,210,886 257,798 21,231,835 End of Fiscal Year 3,922,608$ 1,557,326$ 16,350,424$ 364,896$ 22,195,254$ Governmental Activities - Internal Service Funds CITY OF LA QUINTA, CALIFORNIA COMBINING STATEMENT OF CASH FLOWS INTERNAL SERVICE FUNDS YEAR ENDED JUNE 30, 2019 127 Park Equipment Information Equipment Replacement Technology and Facilities Insurance Totals Cash Flows from Operating Activities: Cash received from interfund services provided 907,910$ 1,101,282$ 655,942$ 923,736$ 3,588,870$ Cash paid to suppliers for goods and services (394,643) (1,005,165) (137,995) (923,392) (2,461,195) Net Cash Provided (Used) by Operating Activities 513,267 96,117 517,947 344 1,127,675 Cash Flows from Capital and Related Financing Activities: Acquisition and construction of capital assets (367,452) (87,984) (219,625) - (675,061) Interest paid on capital debt (83,143) (211) - - (83,354) Capital lease 29,951 (4,473) - - 25,478 Cash transfers out (10,706) - - - (10,706) Proceeds from sales of capital assets 50,578 79,237 - - 129,815 Net Cash Provided/(Used) for Capital and Related Financing Activities (380,772) (13,431) (219,625) - (613,828) Cash Flows from Non-Capital and Related Financing Activities: Cash transfers in 150,000 295,000 - - 445,000 Cash Flows from Investing Activities Interest received (expended)91,637 27,627 102,872 (295) 221,841$ Net Increase (Decrease) in Cash and Cash Equivalents 374,132 405,313 401,194 49 1,180,688 Cash and Cash Equivalents at Beginning of Year 2,830,200 774,169 3,107,175 1,247 6,712,791 Cash and Cash Equivalents at End of Year 3,204,332$ 1,179,482$ 3,508,369$ 1,296$ 7,893,479$ - - - Reconciliation of Operating Income to Net Cash Provided (used) by Operating Activities: Operating income (loss)78,352$ 35,595$ 35,115$ 107,851$ 256,913$ Adjustments to reconcile operating income (loss) net cash provided (used) by operating activities: Depreciation 418,270 123,495 535,215 - 1,076,980 (Increase) decrease in accounts payable (3,790) - - - (3,790) (Increase) decrease in prepaid expenses - (61,389) - (136,181) (197,570) Increase (decrease) in accounts payable 16,645 (2,283) (52,383) 6 (38,015) Increase (decrease) in accrued liabilities - 699 - 1,286 1,985 Increase (decrease) in deferred revenues 3,790 - - - 3,790 Increase (decrease) in due to other funds - - - 27,382 27,382 Total Adjustments 434,915 60,522 482,832 (107,507) 870,762 Net Cash Provided (Used) by Operating Activities 513,267$ 96,117$ 517,947$ 344$ 1,127,675$ Governmental Activities - Internal Service Funds 128 AGENCY FUNDS Agency funds are used to account for assets held by the Cit y as an agent for individual, private organizations and other governmental units. The agency funds and their purposes are as follows: The City of La Quinta has the following agency funds: Assessment District No. 97-1 – To account for assessments paid to the City for debt services payments on bond issues used to finance sewer improvements. Assessment District No. 2001-1 – The 2001-1 bonds were fully defeased and closed in fiscal year 2018-2019. CITY OF LA QUINTA, CALIFORNIA COMBINING STATEMENT OF FIDUCIARY NET POSITION ALL AGENCY FUNDS JUNE 30, 2019 129 Assessment District No. 97-1 Totals Assets: Pooled cash and investments 29,389$ 29,389$ Receivables: Accrued interest 81 81 Total Assets 29,470$ 29,470$ Liabilities: Deposits payable 29,470$ 29,470$ CITY OF LA QUINTA, CALIFORNIA COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES ALL AGENCY FUNDS YEAR ENDED JUNE 30, 2019 130 Balance Balance 7/1/2018 Additions Deductions 6/30/2019 Assessment District No. 97-1 Assets: Pooled cash and investments 28,475$ 1,324$ 410$ 29,389$ Receivables: Taxes - 81 - 81 Total Assets 28,475$ 1,405$ 410$ 29,470$ Liabilities: Deposits payable 28,475$ 995$ -$ 29,470$ Total Liabilities 28,475$ 995$ -$ 29,470$ Assessment District No. 2001-1 Assets: Pooled cash and investments 143,315$ -$ 143,315$ -$ Total Assets 143,315$ -$ 143,315$ -$ Liabilities: Deposits payable 143,315$ -$ 143,315$ -$ Total Liabilities 143,315$ -$ 143,315$ -$ Total - All Agency Funds Assets: Pooled cash and investments 171,790$ 1,324$ 143,725$ 29,389$ Receivables: Taxes - 81 - 81 Total Assets 171,790$ 1,405$ 143,725$ 29,470$ Liabilities: Deposits payable 171,790$ 995$ 143,315$ 29,470$ Total Liabilities 171,790$ 995$ 143,315$ 29,470$ 131 STATISTICAL SECTION (UNAUDITED) This part of the City of La Quinta' comprehensive annual financial report presents detailed information as a cont ext for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the City's overall financial health. Contents Page Financial Trends These schedules contain trend information to help the reader understand how the City’s financial performance and well-being have changed over time. 132 Revenue Capacity These schedules contain information to help the reader assess the City’s most significant local revenue sources, general and Redevelopment property taxes. 144 Debt Capacity These schedules present information to help the reader assess the affordability of the City’s current levels of outstanding debt and the City’s ability to issue additional debt in the future. 154 Demographic and Economic Information These schedules offer demographic and economic indicators to help the reader understand the environment within which the City’s financial activities take place. 161 Operating Information These schedules contain service and infrastructure data to help the reader understand how the information in the City’s financial report relates to the services the City provides and the activities it performs. 164 Sources: Unless otherwise noted, the information in these s chedules was derived from the City's comprehensive annual financial reports for the relevant year. CITY OF LA QUINTA Net Position by Component Last Ten Fiscal Years (accrual basis of accounting) 2010 2011 2012 2013 2014 Governmental Activities Net investment in capital assets 336,459,272$ 276,787,752$ 534,388,479$ 529,681,342$ 527,614,666$ Restricted 96,332,870 107,042,126 26,585,382 49,598,397 53,669,248 Unrestricted 77,187,433 97,009,428 89,832,811 83,399,745 83,907,046 Total Governmental Activities Net Position 509,979,575 480,839,306 650,806,672 662,679,484 665,190,960 Business-Type Activities Net investment in capital assets 42,879,482 42,491,051 42,105,683 41,741,443 41,354,565 Restricted - - - - - Unrestricted (4,863,848) (4,918,951) (4,745,892) (4,750,604) (4,674,666) Total Business-Type Activities Net Position 38,015,634 37,572,100 37,359,791 36,990,839 36,679,899 Primary Government Net investment in capital assets 379,338,754 319,278,803 576,494,162 571,422,785 568,969,231 Restricted 96,332,870 107,042,126 26,585,382 49,598,397 53,669,248 Unrestricted 72,323,585 92,090,477 85,086,919 78,649,141 79,232,380 Total Primary Government Net Position 547,995,209 518,411,406 688,166,463 699,670,323 701,870,859 Fiscal Year Source:City of La Quinta 132 TABLE 1 2015 2016 2017 2018 2019 Governmental Activities: 523,495,389$ 516,499,682$ 517,039,487$ 510,913,594$ 519,221,969$ Net investment in capital assets 62,472,221 61,148,731 38,824,860 39,204,789 44,815,499 Restricted 74,362,189 84,439,071 118,125,125 130,950,644 138,584,041 Unrestricted 660,329,799 662,087,484 673,989,472 681,069,027 702,621,509 Total Governmental Activities Net Position Business-Type Activities: 44,118,111 43,898,784 43,836,868 43,585,880 43,375,536 Net investment in capital assets - - - - - Restricted (4,892,647) (5,086,906) (5,140,966) (5,203,212) 240,125 Unrestricted 39,225,464 38,811,878 38,695,902 38,382,668 43,615,661 Total Business-Type Activities Net Position Primary Government: 567,613,500 560,398,466 560,876,355 554,499,474 562,597,505 Net investment in capital assets 62,472,221 61,148,731 38,824,860 39,204,789 44,815,499 Restricted 69,469,542 79,352,165 112,984,159 125,747,432 138,824,166 Unrestricted 699,555,263 700,899,362 712,685,374 719,451,695 746,237,170 Total Primary Government Net Position 133 CITY OF LA QUINTA Changes in Net Position Last Ten Fiscal Years (accrual basis of accounting) 2010 2011 2012 2013 2014 Expenses Governmental activities: General government 34,287,068$ 11,283,358$ 6,183,712$ 4,511,023$ 4,830,239$ Public safety 21,274,519 21,070,458 20,815,454 21,047,691 21,169,423 Planning and development 5,173,326 18,715,283 6,378,352 2,274,541 3,098,015 Community services 15,923,380 4,735,964 5,093,402 4,986,104 4,130,085 Public works 12,326,726 10,757,279 13,288,521 11,803,133 12,610,994 Contribution to other agencies - 31,324,064 - - - Interest on long-term debt 15,330,603 14,353,359 3,021,496 447,048 405,977 Total governmental activities expenditures 104,315,622 112,239,765 54,780,937 45,069,540 46,244,733 Business-type activities: Golf course 4,169,768 4,202,274 4,085,282 4,208,855 4,971,977 Total business-type activities expenditures 4,169,768 4,202,274 4,085,282 4,208,855 4,971,977 108,485,390 116,442,039 58,866,219 49,278,395 51,216,710 Program Revenues Governmental activities: Charges for services: General government 21,439 47,696 86,869 38,812 71,042 Public safety 1,100,491 1,044,399 1,020,822 927,604 1,412,819 Planning and development 69,391 74,471 68,470 112,695 595,980 Community services 250,557 210,151 247,397 245,392 1,224,719 Public works 1,124,647 1,086,771 1,080,744 1,209,438 1,195,703 Operating grants and contributions 15,363,650 13,152,942 11,289,673 28,068,940 14,587,153 Capital grants and contributions 5,974,311 3,157,828 9,990,793 3,981,286 Total governmental activities program revenues 23,904,486 18,774,258 23,784,768 30,602,881 23,068,702 Business-type activities: Charges for services: Golf course 3,584,996 3,756,615 3,871,898 3,736,879 3,481,424 Capital grants and contributions - - - - - Total business-type activities program revenues 3,584,996 3,756,615 3,871,898 3,736,879 3,481,424 27,489,482 22,530,873 27,656,666 34,339,760 26,550,126 Net Revenues (Expenditures): Governmental activities (80,411,136) (93,465,507) (30,996,169) (14,466,659) (23,176,031) Business-type activities (584,772) (445,659) (213,384) (471,976) (1,490,553) (80,995,908) (93,911,166) (31,209,553) (14,938,635) (24,666,584) General Revenues and Other Changes in Net Position: Governmental activities: Taxes: Property taxes 6,278,470 5,942,353 21,370,476 7,043,604 9,193,753 Tax increment 35,390,317 32,569,795 - - - Transient occupancy taxes 4,265,438 4,737,968 5,446,883 5,980,684 6,307,737 Sales tax 6,927,388 7,323,835 7,713,741 7,833,545 8,786,819 Franchise taxes 1,585,427 1,607,829 1,687,440 1,669,476 1,688,263 Business license taxes 302,223 285,270 293,592 292,966 307,654 Other taxes 461,957 437,235 428,963 518,778 580,834 Motor vehicle in lieu, unrestricted 3,714,437 3,515,395 3,173,826 3,157,330 3,291,042 Investment income 5,362,684 4,693,974 1,925,255 1,605,718 2,190,357 Gain (loss) on sale of capital assets 2,330 - - 28,551 - Miscellaneous 477,936 3,211,584 268,644 192,509 243,498 Special Item (interfund loan payoff) Extraordinary gain/loss on dissolution of RDA - - 158,654,715 (2,189,984) (6,402,450) Transfers - - - - (500,000) Total governmental activities 64,768,607 64,325,238 200,963,535 26,133,177 25,687,507 Business-type activities: Investment income 1,252 2,125 1,075 2,225 1,567 Gain (loss) on sale of capital assets - - - - - Miscellaneous - - - 100,799 678,046 Transfers - - - - 500,000 Total business-type activities 1,252 2,125 1,075 103,024 1,179,613 Total Primary Government 64,769,859 64,327,363 200,964,610 26,236,201 26,867,120 Changes in Net Position Governmental activities (15,642,529) (29,140,269) 169,967,366 11,666,518 2,511,476 Business-type activities (583,520) (443,534) (212,309) (368,952) (310,940) Total Primary Government (16,226,049) (29,583,803) 169,755,057 11,297,566 2,200,536 Total Primary Government Expenditures Total Primary Government Program Revenues Fiscal Year Total Net Revenues (Expenditures) Source:City of La Quinta For fiscal 2018/19, there is a one-time entry for an interfund loan noted as a 'special item' under governmental activites and 'miscellaneous' under business type activities. This is also dicussed in the Notes to Basic Financial Stateements section, Note 18: Special Item. 134 TABLE 2 2015 2016 2017 2018 2019 Expenditures: Governmental activities: 5,166,732$ 5,645,004$ 5,565,727$ 8,869,174$ 9,085,863$ General government 21,636,149 22,067,603 23,378,824 22,508,088 23,164,976 Public safety 2,212,013 3,359,732 2,882,321 4,352,134 5,913,321 Planning and development 5,992,362 6,214,098 6,584,268 9,231,268 6,202,084 Community services 18,116,732 12,157,245 10,927,160 15,580,975 4,430,519 Public works - - - Contribution to other agencies 340,716 343,129 309,463 1,468,971 210,941 Interest on long-term debt 53,464,704 49,786,811 49,647,763 62,010,610 49,007,703 Total governmental activities expenditures Business-type activities: 5,053,360 4,373,586 3,965,644 4,318,463 4,558,922 Golf course 5,053,360 4,373,586 3,965,644 4,318,463 4,558,922 Total business-type activities expenditures 58,518,064 54,160,397 53,613,407 66,329,073 53,566,625 Total Primary Government Expenditures Program Revenues: Governmental activities: Charges for services: 121,140 192,538 504,127 883,153 516,115 General government 1,655,421 1,378,704 341,368 367,848 376,249 Public safety 489,589 467,053 564,327 724,499 636,683 Planning and development 307,869 386,824 453,098 442,656 479,542 Community services 1,197,069 1,134,630 741,703 1,054,902 1,119,816 Public works 16,829,107 12,213,338 6,187,803 4,259,916 5,619,719 Operating grants and contributions 3,536,444 1,076,145 3,316,153 4,455,060 5,462,395 Capital grants and contributions 24,136,639 16,849,232 12,108,579 12,188,034 14,210,520 Total governmental activities program revenues Business-type activities: Charges for services: 3,561,857 3,621,495 3,446,340 3,567,718 3,773,396 Golf course 2,872,122 - - Capital grants and contributions 6,433,979 3,621,495 3,446,340 3,567,718 3,773,396 Total business-type activities program revenues 30,570,618 20,470,727 15,554,919 15,755,752 17,983,916 Total Primary Government Program Revenues Net Revenues (Expenditures): (29,328,065) (32,937,579) (37,539,184) (49,822,576) (34,797,184) Governmental activities 1,380,619 (752,091) (519,304) (750,745) (785,526) Business-type activities (27,947,446) (33,689,670) (38,058,488) (50,573,321) (35,582,710) Total Net Revenues (Expenditures) General Revenues and Other Changes in Net Position: Governmental activities: Taxes: 8,776,491 8,798,296 15,521,335 15,887,015 16,423,843 Property taxes - - - - - Tax increment 6,637,183 7,835,745 9,433,970 10,752,788 11,230,915 Transient occupancy taxes 8,873,008 9,107,046 10,060,305 18,956,985 20,905,243 Sales tax 1,861,453 1,799,938 1,815,491 1,977,179 2,032,848 Franchise taxes 306,087 334,465 365,451 345,187 418,707 Business license taxes 530,336 516,964 585,333 718,472 713,237 Other taxes 3,486,367 3,651,549 3,813,213 3,941,348 4,086,536 Motor vehicle in lieu, unrestricted 1,981,343 2,390,468 442,710 803,654 5,150,613 Investment income - - - - - Gain (loss) on sale of capital assets 296,346 376,193 460,614 649,566 394,347 Miscellaneous (5,553,561) Special Item (interfund loan payoff) - - 7,344,050 3,624,121 993,148 Extraordinary gain/loss on dissolution of RDA (247,739) (115,400) (401,300) (434,000) (450,000) Transfers 32,500,875 34,695,264 49,441,172 57,222,315 56,345,876 Total governmental activities Business-type activities: 2,043 4,282 2,028 3,511 14,958 Investment income - - - - - Gain (loss) on sale of capital assets 915,164 218,823 - - 5,553,561 Miscellaneous 247,739 115,400 401,300 434,000 450,000 Transfers 1,164,946 338,505 403,328 437,511 6,018,519 Total business-type activities 33,665,821 35,033,769 49,844,500 57,659,826 62,364,395 Total Primary Government Changes in Net Position 3,172,810 1,757,685 11,901,988 7,399,739 21,552,482 Governmental activities 2,545,565 (413,586) (115,976) (313,234) 5,232,993 Business-type activities 5,718,375 1,344,099 11,786,012 7,086,505 26,785,475 Total Primary Government 135 CITY OF LA QUINTA Changes in Net Position - Governmental Activities Last Ten Fiscal Years (accrual basis of accounting) 2010 2011 2012 2013 2014 Expenses General government 34,287,068$ 11,283,358$ 6,183,712$ 4,511,023$ 4,830,239$ Public safety 21,274,519 21,070,458 20,815,454 21,047,691 21,169,423 Planning and development 5,173,326 18,715,283 6,378,352 2,274,541 3,098,015 Community services 15,923,380 4,735,964 5,093,402 4,986,104 4,130,085 Public works 12,326,726 10,757,279 13,288,521 11,803,133 12,610,994 Contribution to other agencies - 31,324,064 - - - Interest on long-term debt 15,330,603 14,353,359 3,021,496 447,048 405,977 Total Governmental Activities Expenditures 104,315,622 112,239,765 54,780,937 45,069,540 46,244,733 Program Revenues Charges for services: General government 21,439 47,696 86,869 38,812 71,042 Public safety 1,100,491 1,044,399 1,020,822 927,604 1,412,819 Planning and development 69,391 74,471 68,470 112,695 595,980 Community services 250,557 210,151 247,397 245,392 1,224,719 Public works 1,124,647 1,086,771 1,080,744 1,209,438 1,195,703 Operating grants and contributions 15,363,650 13,152,942 11,289,673 28,068,940 14,587,153 Capital grants and contributions 5,974,311 3,157,828 9,990,793 4,115,238 3,981,286 23,904,486 18,774,258 23,784,768 34,718,119 23,068,702 Net Revenues (Expenditures)(80,411,136) (93,465,507) (30,996,169) (10,351,421) (23,176,031) General Revenues and Other Changes in Net Position Taxes: Property taxes 6,278,470 5,942,353 21,370,476 7,043,604 9,193,753 Tax increment 35,390,317 32,569,795 - - - Transient occupancy taxes 4,265,438 4,737,968 5,446,883 5,980,684 6,307,737 Sales tax 6,927,388 7,323,835 7,713,741 7,833,545 8,786,819 Franchise tax 1,585,427 1,607,829 1,687,440 1,669,476 1,688,263 Business license taxes 302,223 285,270 293,592 292,966 307,654 Other tax 461,957 437,235 428,963 518,778 580,834 Motor vehicle in lieu, unrestricted 3,714,437 3,515,395 3,173,826 3,157,330 3,291,042 Investment income 5,362,684 4,693,974 1,925,255 1,605,718 2,190,357 Gain (loss) on sale of capital assets 2,330 - - 28,551 - Miscellaneous 477,936 3,211,584 268,644 192,509 243,498 Special item (interfund loan payoff) Extraordinary gain/loss on dissolution of RDA - - 158,654,715 (2,189,984) (6,402,450) Transfers - - - - (500,000) Total Governmental Activities 64,768,607 64,325,238 200,963,535 26,133,177 25,687,507 Changes in Net Position (15,642,529) (29,140,269) 169,967,366 15,781,756 2,511,476 Fiscal Year Total Governmental Activities Program Revenues Source:City of La Quinta 136 TABLE 3 2015 2016 2017 2018 2019 Expenditures: 5,166,732$ 5,645,004$ 5,565,727$ 8,869,174$ 9,085,863$ General government 21,636,149 22,067,603 23,378,824 22,508,088 23,164,976 Public safety 2,212,013 3,359,732 2,882,321 4,352,134 5,913,321 Planning and development 5,992,362 6,214,098 6,584,268 9,231,268 6,202,084 Community services 18,116,732 12,157,245 10,927,160 15,580,975 4,430,519 Public works - - - - - Contribution to other agencies 340,716 343,129 309,463 1,468,971 210,941 Interest on long-term debt 53,464,704 49,786,811 49,647,763 62,010,610 49,007,703 Total Governmental Activities Expenditures Program Revenues: Charges for services: 121,140 192,538 504,127 883,153 516,115 General government 1,655,421 1,378,704 341,368 367,848 376,249 Public safety 489,589 467,053 564,327 724,499 636,683 Planning and development 307,869 386,824 453,098 442,656 479,542 Community services 1,197,069 1,134,630 741,703 1,054,902 1,119,816 Public works 16,829,107 12,213,338 6,187,803 4,259,916 5,623,509 Operating grants and contributions 3,536,444 1,076,145 3,316,153 4,455,060 5,462,395 Capital grants and contributions 24,136,639 16,849,232 12,108,579 12,188,034 14,214,310 Total Governmental Activities Program Revenues (29,328,065) (32,937,579) (37,539,184) (49,822,576) (34,793,394) Net Revenues (Expenditures) General Revenues and Other Changes in Net Position: Taxes: 8,776,491 8,798,296 15,521,335 15,887,015 16,423,843 Property taxes - - - - - Tax increment 6,637,183 7,835,745 9,433,970 10,752,788 11,230,915 Transient occupancy taxes 8,873,008 9,107,046 10,060,305 18,956,985 20,905,243 Sales tax 1,861,453 1,799,938 1,815,491 1,977,179 2,032,848 Franchise tax 306,087 334,465 365,451 345,187 418,707 Business license taxes 530,336 516,964 585,333 718,472 713,237 Other tax 3,486,367 3,651,549 3,813,213 3,941,348 4,086,536 Motor vehicle in lieu, unrestricted 1,981,343 2,390,468 442,710 803,654 5,150,613 Investment income - 376,193 460,614 649,566 394,347 Gain (loss) on sale of capital assets 296,346 - - - - Miscellaneous (5,553,561) Special item (interfund loan payoff) - - 7,344,050 3,624,121 993,148 Extraordinary gain/loss on dissolution of RDA (247,739) (115,400) (401,300) (434,000) (450,000) Transfers 32,500,875 34,695,264 49,441,172 57,222,315 56,345,876 Total Governmental Activities 3,172,810 1,757,685 11,901,988 7,399,739 21,552,482 Changes in Net Position 137 CITY OF LA QUINTA Changes in Net Position - Business-type Activities Last Ten Fiscal Years (accrual basis of accounting) 2010 2011 2012 2013 2014 Expenses Golf course 4,169,768$ 4,202,274$ 4,085,282$ 4,208,855$ 4,971,977$ Total Business-Type Activities Expenditures 4,169,768 4,202,274 4,085,282 4,208,855 4,971,977 Program revenues Charges for services: Golf course 3,584,996 3,756,615 3,871,898 3,736,879 3,481,424 Capital grants and contributions - - - - - 3,584,996 3,756,615 3,871,898 3,736,879 3,481,424 Net Revenues (Expenditures)(584,772) (445,659) (213,384) (471,976) (1,490,553) General Revenues and Other Changes in Net Position Investment income 1,252 2,125 1,075 2,225 1,567 Gain (loss) on sale of capital assets - - - - - Miscellaneous - - - 100,799 678,046 Transfers - - - - 500,000 Capital contributions - - - - - Total Business-Type Activities 1,252 2,125 1,075 103,024 1,179,613 Changes in Net Position (583,520) (443,534) (212,309) (368,952) (310,940) Total Business-Type Activities Program Revenues Fiscal Year Source:City of La Quinta 138 TABLE 4 2015 2016 2017 2018 2019 Expenditures: 5,053,360$ 4,373,586$ 3,965,644$ 4,318,463$ 4,558,922$ Golf course 5,053,360 4,373,586 3,965,644 4,318,463 4,558,922 Total Business-Type Activities Expenditures Program revenues: Charges for services: 3,561,857 3,621,495 3,446,340 3,567,718 3,773,396 Golf course 2,872,122 - - - - Capital grants and contributions 6,433,979 3,621,495 3,446,340 3,567,718 3,773,396 1,380,619 (752,091) (519,304) (750,745) (785,526) Net Revenues (Expenditures) General Revenues and Other Changes in Net Position: 2,043 4,282 2,028 3,511 14,958 Investment income - - - - - Gain (loss) on sale of capital assets 915,164 218,823 - - 5,553,561 Miscellaneous 247,739 115,400 401,300 434,000 450,000 Transfers - - - - - Capital contributions 1,164,946 338,505 403,328 437,511 6,018,519 Total Business-Type Activities 2,545,565 (413,586) (115,976) (313,234) 5,232,993 Changes in Net Position Total Business-Type Activities Program Revenues 139 CITY OF LA QUINTA Fund Balances of Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) 2010 (1)2011 2012 2013 2014 General fund Nonspendable: Prepaid costs 9,030$ 23,260$ 27,481$ 11,786$ 1,500$ Land held for resale - 8,320,000 8,320,000 8,320,000 8,320,000 Advances to other funds 57,897,671 15,373,104 15,417,929 15,509,691 15,163,183 Deposits 9,830 9,967 118,516 4,830 4,830 Due from Other Governments - - - 41,378,966 34,976,516 Restricted for: Debt service - 169,631 173,426 - - Section 115 Trust Committed: Emergency Reserve(2)17,774,648 18,018,595 17,516,295 16,034,995 16,034,995 Natural Disaster Reserve(2) Economic Disaster Reserve(2) Post retirement health benefits(3)1,258,059 1,258,059 1,523,401 1,523,401 1,523,401 Capital Replacement Reserve(2)- - - 2,848,737 1,507,429 Cash Flow Reserve(2)- - - - 2,836,820 Pension Trust(4)- - - - - Carryovers - - - - 356,438 Other - - - - - Assigned: Continuing appropriations 1,555,176 1,768,494 1,041,172 1,013,533 209,000 Public Safety (Note 12b)- - - - - Sales Tax Reserve (Note 12 b)- - - - - Capital Projects (Note 12b)- - - - - Unassigned 13,525,704 48,140,444 47,737,861 5,926,651 10,699,641 Total general fund 92,030,118 93,081,554 91,876,081 92,572,590 91,633,753 All other governmental funds Nonspendable: Prepaid costs 7,740 10,563 12,875 10,310 - Notes and loans 2,088,709 2,081,614 2,065,611 2,062,589 - Advances to other funds 4,293,166 4,569,188 - - - Deposits 6,400 6,000 13,600 13,600 - Restricted: Planning and development projects 31,032,124 34,018,930 10,767,199 3,730,533 5,970,006 Public safety 48,852 96,364 245,187 258,968 274,274 Community services 11,675,417 10,248,314 11,162,057 11,626,441 12,459,516 Public works 448,731 396,355 145,823 262,754 1,571,163 Capital Projects 53,123,856 58,111,106 4,089,156 1,392,581 1,590,168 Debt service 3,890 4,001,426 2,534 2,234 - Assigned: Continuing appropriations - - - - - Unassigned (33,626,907) (13,250,398) (13,248,593) (13,179,196) (12,370,462) Total all other governmental funds 69,101,978 100,289,462 15,255,449 6,180,814 9,494,665 Total Governmental Funds 161,132,096 193,371,016 107,131,530 98,753,404 101,128,418 Fiscal Year Notes: (1)In Fiscal Year 2009-2010, the City implemented GASB 54 which changed the reporting requirements for fund balances in the financial statements. This table has been updated to reflect the impact of GASB 54 not only for Fiscal Year 2009-10 but for all prior years. (2) In Fiscal year 2017-18, the City adopted a reserves policy which modifed, added and/ or eliminated reserve category names. Emergency Reserves are now split into Natural Disaster and Economic Disaster, Working Capital Reserve was re-named Cash Flow Reserve, Capital Replacement and Pension Trust were added. (3) In Fiscal Year 2017-18 the City opened a trust for Other Post Employment Benefits (OPEB), and this reserve was deposited into the trust. See Note 10. (4) In Fiscal Year 2018-19 the City opened a trust for Pension Benefits, and this reserve was deposited into the trust. See Note 8. 140 TABLE 5 2015 2016 2017 2018 2019 General fund: Nonspendable: 15,653$ 204,589$ 10,578$ 90,657$ 37,182$ Prepaid costs 8,320,000 8,320,000 8,320,000 8,320,000 5,730,990 Land held for resale 14,943,098 14,974,800 15,022,660 14,954,085 - Advances to other funds 33,985 - - - - Deposits 26,715,575 25,105,681 29,154,040 29,611,707 27,915,770 Due from Other Governments Restricted for: - - - - - Debt service 6,540,000 Section 115 Trust Committed: 15,372,600 15,576,000 16,534,000 - - Emergency Reserve(2) 7,400,000 10,000,000 Natural Disaster Reserve(2) 8,140,000 11,000,000 Economic Disaster Reserve(2) 1,523,401 1,523,400 1,523,400 - - Post retirement health benefits 1,727,390 2,302,000 - 5,000,000 5,000,000 Capital Replacement Reserve(2) 3,843,150 3,894,000 4,134,000 5,000,000 5,000,000 Cash Flow Reserve(2) - - - 2,000,000 - Pension Trust 476,400 4,274,046 120,000 2,186,500 745,300 Carryovers - - - - - Other Assigned: - - - - - Continuing appropriations - - 9,371,699 9,754,327 9,864,841 Public Safety (Note 12b) - - - 5,169,970 7,721,975 Sales Tax Reserve (Note 12 b) - - 6,322,570 4,996,815 11,853,162 Capital Projects (Note 12b) 13,837,312 13,822,012 16,949,526 19,199,506 16,228,627 Unassigned 86,808,564 89,996,528 107,462,473 121,823,567 117,637,847 Total general fund All other governmental funds: Nonspendable: - 8,422 10,349 386 Prepaid costs - - - - Notes and loans - - - - Advances to other funds - - - Deposits Restricted: 13,108,499 18,211,200 22,664,093 22,607,600 22,996,435 Planning and development projects 301,843 189,988 83,506 342,919 1,391,721 Public safety 10,711,704 9,872,124 10,040,222 10,016,652 13,775,710 Community services 1,129,697 1,250,827 1,546,505 2,033,627 2,667,401 Public works 3,873,699 3,597,221 4,490,534 4,203,991 3,904,492 Capital Projects - - - Debt service Assigned: - - - Continuing appropriations (12,703,744) (11,655,344) (11,423,008) (11,347,062) (1,852,211) Unassigned 16,421,698 21,474,438 27,412,201 27,857,727 42,883,934 Total all other governmental funds 103,230,262 111,470,966 134,874,674 149,681,294 160,521,781 Total Governmental Funds 141 CITY OF LA QUINTA Changes in Fund Balances of Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) 2010 2011 2012 2013 2014 Revenues Taxes 93,831,918$ 88,498,457$ 53,632,023$ 23,506,679$ 27,192,089$ Assessments 966,639 956,048 950,292 954,058 951,181 Licenses and permits 472,409 547,071 482,831 566,510 953,540 Intergovernmental 19,473,076 19,005,643 15,875,582 15,464,942 16,506,666 Charges for services 484,043 501,418 635,111 625,813 1,238,277 Use of money and property 5,338,679 4,670,732 1,914,518 1,582,762 2,175,048 Contributions, fines, and forfeitures 395,823 327,751 303,773 18,377,253 838,972 Developer participation 273,739 945,805 903,144 1,226,825 3,059,254 Miscellaneous 608,342 319,763 276,327 491,267 575,001 Total Revenues 121,844,668 115,772,688 74,973,601 62,796,109 53,490,028 Expenditures Current: General government 30,220,882 10,885,519 4,881,922 4,587,888 4,068,827 Public safety 20,116,936 19,826,372 19,669,517 20,168,038 21,189,086 Planning and development 6,028,492 8,460,420 4,314,646 27,514,768 1,748,477 Community services 4,204,626 4,147,758 4,086,686 4,411,536 4,011,432 Public works 6,862,887 4,808,060 6,192,733 5,067,370 4,617,050 Capital projects 14,514,910 21,287,775 13,335,989 8,622,783 7,974,747 Debt service: Principal retirement 6,616,412 7,011,261 7,066,726 556,871 558,019 Interest and fiscal charges 15,357,968 15,037,919 6,701,079 437,678 411,010 Payment to bond escrow - - - - - Payments under pass-through obligations 38,710,894 35,607,089 16,755,441 - - Total Expenditures 142,634,007 127,072,173 83,004,739 71,366,932 44,578,648 (20,789,339) (11,299,485) (8,031,138) (8,570,823) 8,911,380 Other financing sources (uses): Issuance of tax allocation bonds - 6,000,000 - - - Issuance of revenue bonds - 28,850,000 - - - Transfers in 30,386,372 61,657,034 12,554,752 29,841,053 4,201,763 Transfers out (28,893,365) (61,652,479) (12,580,120) (29,841,053) (4,335,679) Other debts issued - - - - - Capital leases - - - 71,045 - Proceeds from sale of capital assets - 8,683,850 875,275 121,652 - Total Other Financing Sources (Uses)1,493,007 43,538,405 849,907 192,697 (133,916) Extraordinary gain/loss on dissolution of RDA - - (79,058,255) - (6,402,450) Special item (interfund loan payoff)- - - - - Net Change in Fund Balances (19,296,332) 32,238,920 (86,239,486) (8,378,126) 2,375,014 47.6%53.0%43.7%1.6%2.6% Fiscal Year Excess (Deficiency) of Revenues Over (Under) Expenditures Debt Service as a Percentage of Noncapital Expenditures (1) Notes: (1) The capitalizable expenditures were derived from the Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds. 142 TABLE 6 2015 2016 2017 2018 2019 Revenues: 26,678,471$ 28,057,989$ 41,832,117$ 44,931,250$ 48,462,493$ Taxes 940,221 944,050 953,699 950,541 961,633 Assessments 1,356,978 1,161,820 1,118,911 1,394,820 1,555,026 Licenses and permits 15,702,943 14,960,676 4,870,334 12,555,259 14,075,980 Intergovernmental 1,341,438 1,332,541 1,021,336 1,279,864 1,170,825 Charges for services 1,950,957 7,475,742 4,659,301 2,388,683 4,824,651 Use of money and property 1,956,452 28,459 348,345 375,390 375,491 Contributions, fines, and forfeitures 2,803,681 1,441,075 1,042,568 1,534,628 2,231,471 Developer participation 580,843 992,282 289,047 1,196,057 2,425,675 Miscellaneous 53,311,984 56,394,634 56,135,658 66,606,492 76,083,245 Total Revenues Expenditures Current: 5,050,425 5,267,024 5,845,197 7,737,111 10,129,408 General government 21,664,472 22,125,962 23,377,755 22,508,088 23,164,976 Public safety 2,097,525 3,294,259 2,549,779 4,310,589 6,415,466 Planning and development 4,798,123 4,983,038 4,626,401 5,236,083 5,944,200 Community services 5,283,309 4,101,210 4,025,958 4,146,135 4,219,461 Public works 11,097,186 7,209,874 6,859,428 9,015,861 9,096,460 Capital projects Debt service: 594,383 632,615 651,625 666,988 650,000 Principal retirement 348,334 346,137 307,600 1,460,371 178,080 Interest and fiscal charges - - - - - Payment to bond escrow - - - - - Payments under pass-through obligations 50,933,757 47,960,119 48,243,743 55,081,226 59,798,051 Total Expenditures 2,378,227 8,434,515 7,891,915 11,525,266 16,285,194 Other financing sources (uses): - - - - - Issuance of tax allocation bonds - - - - - Issuance of revenue bonds 12,037,331 6,420,538 21,503,514 7,432,340 12,942,596 Transfers in (12,322,714) (6,614,349) (21,904,814) (7,775,107) (13,826,890) Transfers out - - - - Other debts issued 9,000 - - - Capital leases - - - - Proceeds from sale of capital assets (276,383) (193,811) (401,300) (342,767) (884,294) Total Other Financing Sources (Uses) - - 7,344,050 3,624,121 993,148 Extraordinary gain/loss on dissolution of RDA - - - - (5,553,561) Special item (interfund loan payoff) 2,101,844 8,240,704 14,834,665 14,806,620 10,840,487 Net Change in Fund Balances 2.2% 2.4% 2.45% 3.26%2.03% Debt Service as a Percentage of Noncapital Expenditures (1) Excess (Deficiency) of Revenues Over (Under) Expenditures 143 City of La Quinta TABLE 7 Tax Revenue by Source Last Ten Fiscal Years (in dollars) Fiscal Year Property Tax (2) Tax Increment (1) Transient Occupancy Tax Sales Tax Franchise Tax Business License Tax Document Transfer Tax Total 2010 6,278,470 35,390,317 4,265,438 6,927,388 1,585,427 302,223 461,957 55,211,220 2011 5,942,353 32,569,795 4,737,968 7,323,835 1,607,829 285,270 437,235 52,904,285 2012 21,370,476 - 5,446,883 7,713,741 1,687,440 293,592 428,963 36,941,095 2013 7,043,604 - 5,980,684 7,833,545 1,669,476 292,966 518,778 23,339,053 2014 9,193,753 - 6,307,737 8,786,819 1,688,263 307,654 580,834 26,865,060 2015 8,776,491 - 6,637,183 8,873,008 1,861,453 306,087 530,336 26,984,558 2016 8,798,296 - 7,835,745 9,107,046 1,799,938 334,465 516,964 28,392,454 2017 15,521,335 - 9,433,970 10,060,305 1,815,491 365,451 585,333 37,781,885 2018 15,887,015 - 10,752,788 18,956,985 1,977,179 345,187 718,472 48,637,626 2019 16,423,843 - 11,230,915 20,905,243 2,032,848 418,707 713,237 51,724,793 Notes: (1)The tax increment received was a result of the activity of the Redevelopment Agency. On June 28, 2011, California Governor Jerry Brown signed ABx1 26, the Redevelopment Dissolution Act. The Act was upheld by the California Supreme Court on Dec. 29, 2011, and the agency was effectively dissolved Feb. 1, 2012. (2) Starting in 2017, the revenue collected by the County that is remitted to the City for fire services was included in the property tax number. Source:City of La Quinta $0 $10 $20 $30 $40 $50 $60 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Tax Revenue by Source (Excluding Tax Increment) (in millions) Property Tax (2)Transient Occupancy Tax Sales Tax Franchise Tax Business License Tax Document Transfer Tax 144 City of La Quinta TABLE 8 Top 25 Sales Tax Producers Current Year and Ten Years Ago (in dollars) Arco AM PM Service Stations Bed Bath & Beyond Home Furnishings Best Buy Electronics/Appliance Stores Chevrolet Cadillac of La Quinta New Motor Vehicle Dealers BevMo Convenience Stores/Liquor Circle K Service Stations Cliffhouse Fine Dining Circle K Service Stations Costco Discount Dept. Stores Genesis of La Quinta New Motor Vehicle Dealers Home Depot Building Materials Hyundai of La Quinta New Motor Vehicle Dealers Kohls Department Stores La Quinta Chevrolet & Cadillac New Motor Vehicle Dealers La Quinta Resort & Club Hotels-Liquor Lowe's Building Materials Marshalls Family Apparel Ralph's Grocery Stores McDonald's Quick-Service Restaurants Ross Family Apparel Sams Club Discount Dept. Stores Stater Bros Grocery Stores Staples Office Supplies/Furniture Stein Mart Department Stores Stater Bros Grocery Stores Stein Mart Department Stores Target Discount Dept. Stores Torre Nissan New Motor Vehicle Dealers Tower Mart Service Stations USA Gas Service Stations Verizon Wireless Electronics/Appliance Stores Walmart Supercenter Discount Dept. Stores 66.17%67.24% Quick-Service Restaurants Department Stores Hotels-Liquor Family Apparel Fiscal Year 2018-19 Business CategoryBusiness Name (1) Torre Nissan Discount Dept. Stores Business Category Target TJ Maxx In N Out Burgers Kohls La Quinta Resort & PGA West Lowe's Ross New Motor Vehicle Dealers Discount Dept. Stores Family Apparel Building Materials Family Apparel Marshalls Percent of Fiscal Year Total Paid by Top 25 Accounts:Percent of Fiscal Year Total Paid by Top 25 Accounts: Vons Walmart Supercenter Grocery Stores Home Depot Building Materials New Motor Vehicle Dealers Discount Dept. Stores Service Stations Chevrolet Cadillac of La Quinta Costco G & M Oil Fiscal Year 2009-10 Electronics/Appliance Stores Arco Am PM Bed Bath & Beyond Best Buy Service Stations Home Furnishings Business Name (1) Notes: (1)Firms are listed alphabetically. State law does not allow for the disclosure of the sales tax revenue amounts by account. Top 25 businesses listed for state Bradley-Burns sales tax allocation only. For busines listings for local Measure G, see next page. Sales tax revenue chart includes total remitted for both. $0 $5 $10 $15 $20 $25 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Sales Tax Revenue (in millions) 145 This page left blank intentionally. City of La Quinta TABLE 8 Top 25 Sales Tax Producers Current Year and Ten Years Ago (in dollars) Amazon Fulfillment Services General Merchandise Arco AM PM Service Stations Bed Bath & Beyond Home Furnishings Best Buy Electronics/Appliance Stores Circle K Service Stations Cliffhouse Fine Dining Costco Discount Dept. Stores Dept. of Motor Vehicles Allocation Used Automotive Dealers Desert European Motor Cars New Motor Vehicle Dealers Home Depot Building Materials Mathis Brothers Furniture Home Furnishings Stein Mart Department Stores Stuft Pizza Bar & Grill Casual Dining Tower Mart Service Stations Vons Grocery Stores 50.48%Percent of Calendar Year Total Paid by Top 25 Accounts: Measure G was passed in November 2016 with implementation on April 1, 2017. Ten-year is data not available. Verizon Wireless Electronics/Appliance Stores Walmart Supercenter Discount Dept. Stores Target Discount Dept Stores TJ Maxx Family Apparel Ross Family Apparel Lowe's Building Materials Marshalls Family Apparel In N Out Burger Quick-Service Restaurants Kohls Department Stores La Quinta Resort & PGA West Hotels-Liquor Fiscal Year 2018-19 Fiscal Year 2009-10 Business Name (1)Business Category Business Name Business Category Notes: (1)Firms are listed alphabetically. State law does not allow for the disclosure of the sales tax revenue amounts by account. Source:HDL, Coren & Cone 146 City of La Quinta Taxable Sales by Category (1) Last Ten Calendar Years (in thousands) 2009 2010 2011 2012 2013 22,061$ 22,143$ 23,223$ 24,430$ 25,741$ 209,394 206,153 211,249 220,970 223,324 26,196 25,351 25,197 25,854 26,394 80,172 79,646 86,433 94,859 97,662 59,747 60,740 62,879 65,445 68,606 33,576 43,566 58,938 62,668 72,839 39,127 46,059 54,342 56,001 52,093 99,779 94,532 97,477 99,028 100,811 120,668 120,291 132,417 130,421 142,049 690,720 698,481 752,155 779,676 809,519 Building materials Calendar Year Eating and drinking places Apparel stores General merchandise Food stores Auto dealers and supplies Service stations Other retail stores All other outlets Total Notes: (1)Due to confidentiality issues preventing the disclosure of the top ten largest sales tax payers by business name, this categorical list has been provided as an alternative source of information regarding the City of La Quinta's sales tax revenue. Source:HDL. Coren & Cone Apparel stores 3% General merchandise 30% Food stores 4% Eating and drinking places 12% Building materials 9% Auto dealers and supplies 5% Service stations 6% Other retail stores 14% All other outlets 17% Taxable Sales Calendar Year 2009 147 TABLE 9 2014 2015 2016 2017 2018 25,461$ 25,115$ 26,280$ 31,822$ 34,508$ 216,871 208,189 206,808 222,767 232,147 25,748 22,845 25,359 25,964 26,126 101,647 106,216 115,974 117,064 122,255 Eating and drinking places 73,087 75,658 78,299 83,383 86,569 84,826 87,440 83,010 81,264 82,702 Auto dealers and supplies 47,541 40,777 34,566 37,558 42,164 101,721 105,284 107,648 104,834 114,980 150,746 155,173 172,135 180,360 210,360 827,648 826,697 850,079 885,016 951,811 Total Service stations Other retail stores All other outlets Apparel stores General merchandise Food stores Building materials Apparel stores 4% General merchandise 24% Food stores 3% Eating and drinking places 13% Building materials 9% Auto dealers and supplies 9% Service stations 4% Other retail stores 12% All other outlets 22% Taxable Sales Calendar Year 2018 148 This page left blank intentionally. CITY OF LA QUINTA TABLE 10 Assessed Value of Taxable Property Last Ten Fiscal Years (in dollars) Fiscal Year Ended June 30,Residential Commercial Agriculture (4)Other (1) Unsecured Property (2) Home Owner Exemption(5) Taxable Assessed Value Direct Rate (3) 2010 9,483,530,068 823,821,531 20,845,624 1,358,176,147 120,977,122 (154,942,598) 11,807,350,492 1.0000 2011 8,870,471,785 771,419,124 20,792,716 1,143,332,514 118,651,054 (157,742,188) 10,924,667,193 1.0000 2012 8,612,579,049 725,788,432 20,944,939 920,025,235 104,880,163 (161,420,137) 10,384,217,818 1.0000 2013 8,510,574,371 735,622,855 19,644,835 954,074,172 106,176,279 (164,227,296) 10,326,092,512 1.0000 2014 8,959,562,854 743,340,208 20,374,889 945,004,639 108,387,013 (167,489,253) 10,776,669,603 1.0000 2015 10,116,938,804 1,061,204,501 65,769,114 77,926,274 106,672,900 (49,232,400) 11,379,279,193 1.0000 2016 10,634,834,332 1,088,406,355 64,533,443 79,120,572 113,142,376 (49,130,200) 11,930,906,878 1.0000 2017 11,071,273,174 1,195,736,674 57,463,638 71,281,946 110,768,767 (49,088,200) 12,457,435,999 1.0000 2018 11,462,635,317 1,227,709,957 59,538,912 61,350,883 105,984,928 (49,700,000) 12,867,519,997 1.0000 2019 11,869,224,686 1,288,839,436 61,861,498 85,526,307 95,584,154 (49,298,200) 13,351,737,881 1.0000 City of La Quinta, Tax District 02-2375 Notes: (1)Other includes dry farm, government owned, institutional, irrigated, miscellaneous, recreational, vacant, cross reference and unknown. For 2016, prior years 2007 through 2015 were adjusted to match current reporting categories for consistency. (2)Prior years 2007 through 2015 adjusted to match current reporting for consistency. (3)In 1978 the voters of the State of California passed Proposition 13 which limited property taxes to a total maximum rate of 1% based upon the assessed value of the property being taxed. Each year, the assessed value of property may be increased by an "inflation factor" (limited to a maximum increase of 2%). With few exceptions, property is only re-assessed at the time that it is sold to a new owner; at which time the new assessed value is the purchase price of the property sold. The assessed valuation data shown above represents the only data currently available with respect to the actual market value of taxable property and is subject to the limitations described above. (4)In 2016 (and going forward) data will be obtained from California Municipal and The Assessor Controller's Office. The existing column headers were slightly modified to accommodate the property type classifications. The column labeld agriculture was formerly "industrial". (5)Prior to 2015, this column also included Exempt Property Valuations Source:: Cal Muni 2016/17 and 2017/18; County of Riverside Assessor Combined Tax Rolls Equalized Auditor and Assessor's Net $0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 $9,000 $10,000 $11,000 $12,000 $13,000 $14,000 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Taxable Assessed Value (in millions) 149 CITY OF LA QUINTA Direct and Overlapping Property Tax Rates (Rate per $100 of assessed value) Last Ten Fiscal Years 2010 (1)2011 (1)2012 (1)2013 (1)2014 (1)2015 (1)2016 (1)2017 (1)2018 2019 Direct Rates: City of La Quinta 0.0506 0.0734 0.0760 0.0760 0.0760 0.0760 0.0760 0.0760 0.0760 0.0646 ERAF Share of La Quinta General Fund 0.0113 Redevelopment agency Project Area 1 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 Redevelopment agency Project Area 2 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 County of Riverside 0.2586 0.2318 0.1957 0.1958 0.1958 0.1958 0.1958 0.1958 0.1958 0.0978 ERAF Share of County 0.0980 County Free Library 0.0284 0.0280 0.0252 0.0253 0.0253 0.0253 0.0253 0.0253 0.0253 0.0253 County Structure Fire Protection 0.0610 0.0602 0.0544 0.0544 0.0544 0.0544 0.0544 0.0544 0.0544 0.0544 Coachella Valley Unified School District 0.0000 0.0000 0.4322 0.4322 0.4322 0.4322 0.4322 0.4322 0.4322 0.4322 Desert Sands Unified School 0.3765 0.3716 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 Desert Community College District 0.0782 0.0772 0.0698 0.0698 0.0698 0.0698 0.0698 0.0698 0.0698 0.0698 Riverside County Office of Education 0.0426 0.0420 0.0380 0.0380 0.0380 0.0380 0.0380 0.0380 0.0380 0.0380 Riverside County Regional Park & Open Space0.0000 0.0000 0.0040 0.0039 0.0039 0.0039 0.0039 0.0040 0.0040 0.0040 CV Public Cemetery 0.0035 0.0035 0.0032 0.0031 0.0031 0.0031 0.0031 0.0031 0.0031 0.0032 CV Mosquito & Vector Control 0.0142 0.0141 0.0127 0.0127 0.0127 0.0127 0.0126 0.0126 0.0126 0.0126 Desert Recreation District 0.0215 0.0213 0.0192 0.0192 0.0192 0.0192 0.0192 0.0192 0.0192 0.0192 Coachella Valley Water District 0.0284 0.0281 0.0254 0.0254 0.0254 0.0254 0.0254 0.0254 0.0254 0.0254 CV Resource Conservation 0.0004 0.0004 0.0003 0.0003 0.0003 0.0003 0.0003 0.0003 0.0003 0.0003 CVWD Improvement District 1 0.0000 0.0131 0.0118 0.0118 0.0118 0.0118 0.0118 0.0118 0.0118 0.0118 CVWD Storm Water Unit 0.0360 0.0355 0.0321 0.0321 0.0321 0.0321 0.0321 0.0321 0.0321 0.0321 Total Direct Rate (3)1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 Tax Rate Area 020-005 020-005 020-005 020-005 020-005 020-005 020-005 020-160 020-160 020-160 Coachella Valley Unified School District 0.0725 0.0933 0.0749 0.0797 0.1492 0.1492 0.1322 0.1660 0.1761 0.1495 Desert Sands Unified School 0.0811 0.1004 0.1147 0.1116 0.1095 0.1098 0.1092 0.0860 0.0725 0.0742 Coachella Valley Water District 0.0660 0.0860 0.0800 0.0800 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000 Desert Community College District 0.0200 0.0200 0.0200 0.0200 0.0200 0.0233 0.0209 0.0204 0.0403 0.0398 Total Overlapping Rate 0.2395 0.2996 0.2895 0.2912 0.3787 0.3823 0.3622 0.3724 0.3889 0.3635 Total Direct and Overlapping Rate 1.2395 1.2996 1.2895 1.2912 1.3787 1.3823 1.3622 1.3724 1.3889 1.3635 Overlapping Rates (4) : City Non-Project Area Notes: (1)Direct rate from Tax Rate Area (TRA) 020-160 and overlapping rates provided by Hdl Coren & Cone, data source Riverside County Assessor 2008/09- 20118/19 Annual Tax Increment Tables. (2)Direct rate taken from an analysis of the TRA in the project area and do not include State ERAF deductions and overlapping rates provided by California Municipal Statistics (3)In 1978, California voters passed Proposition 13 which sets the property tax rate at a 1.00% fixed amount for direct taxes. This 1% is shared by all taxing agencies for which the subject property resides within. (4)Overlapping rates are based upon a single tax rate area only. Source:County of Riverside Auditor Controller's Office; HDL, Coren & Cone 150 TABLE 11 2010 (2)2011 (2)2012 (2)2010 (2)2011 (2)2012 (2) Direct Rates: 0.0036 0.0049 0.0524 0.0000 0.0019 0.0499 City of La Quinta 0.5432 0.5310 0.0000 0.0000 0.0000 Redevelopment agency Project Area 1 0.0000 0.0000 0.0000 0.3174 0.3059 0.0000 Redevelopment agency Project Area 2 0.2501 0.2471 0.2683 0.2537 0.2511 0.2553 County of Riverside 0.0276 0.0282 0.0294 0.0280 0.0286 0.0280 County Free Library 0.0595 0.0607 0.0633 0.0603 0.0616 0.0602 County Structure Fire Protection 0.0167 0.0182 0.0000 0.0000 0.0000 0.0000 Coachella Valley Unified School District 0.0568 0.0637 0.3905 0.1859 0.1930 0.3716 Desert Sands Unified School 0.0152 0.0166 0.0812 0.0386 0.0401 0.0772 Desert Community College District 0.0027 0.0038 0.0442 0.0210 0.0218 0.0420 Riverside County Office of Education 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 Riverside County Regional Park & Open Space 0.0002 0.0003 0.0037 0.0000 0.0001 0.0035 CV Public Cemetery 0.0111 0.0112 0.0148 0.0141 0.0141 0.0140 CV Mosquito & Vector Control 0.0014 0.0019 0.0223 0.0053 0.0059 0.0212 Desert Recreation District 0.0120 0.0124 0.0295 0.0757 0.0740 0.0281 Coachella Valley Water District 0.0000 0.0000 0.0004 0.0000 0.0000 0.0004 CV Resource Conservation 0.0000 0.0000 0.0000 0.0000 0.0005 0.0131 CVWD Improvement District 1 0.0000 0.0000 0.0000 0.0000 0.0014 0.0355 CVWD Storm Water Unit 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 Total Direct Rate (3) 020-089 020-089 020-089 020-144 020-144 020-144 Tax Rate Area 0.0725 0.0933 0.0749 0.0725 0.0933 0.0749 Coachella Valley Unified School District 0.0811 0.1004 0.1147 0.0811 0.1004 0.1147 Desert Sands Unified School 0.0660 0.0860 0.0800 0.0660 0.0860 0.0800 Coachella Valley Water District 0.0200 0.0200 0.0200 0.0200 0.0200 0.0200 Desert Community College District 0.2395 0.2996 0.2895 0.2395 0.2996 0.2895 Total Overlapping Rate 1.2395 1.2997 1.2895 1.2395 1.2996 1.2895 Total Direct and Overlapping Rate Overlapping Rates (4) : Redevelopment Project Area 1 Redevelopment Project Area 2 151 CITY OF LA QUINTA TABLE 12 Principal Property Taxpayers Current Year and Ten Years Ago (in dollars) Rank Taxable Assessed Value (1) Percent of Total City Taxable Assessed Value Rank Taxable Assessed Value (1) Percent of Total City Taxable Assessed Value 1 201,044,425$ 1.51%- 2 48,297,698 0.36% 3 43,984,000 0.33%0.00% 4 41,994,368 0.31% 4 67,038,913 5 35,057,188 0.26%- 6 34,616,110 0.26% 2 107,930,953 7 31,155,803 0.23% 5 50,781,966 0.43% Lennar Homes of California Inc 8 27,178,514 0.20%0.00% Andalusia Country Club LLC 9 27,058,289 0.20%- 10 26,406,649 0.20%- - - 1 204,496,893 1.73% MSR Resort Golf Course - - 3 98,061,022 0.83% Coral Option I 6 42,590,434 - - 7 41,789,035 0.35% Griffin Ranch - - 8 38,378,266 0.29% WRM La Quinta 9 37,778,949 Village Resort - - 10 34,485,244 0.33% Total 516,793,044$ 3.87%723,331,675 3.96% Fiscal Year 2009-10 Town and Country Partners Hawthorn IL Prop. Co. TD Desert Development LP Fiscal Year 2018-19 BRE Iconic LQR Owner LLC Inland American La Quinta Pavilion East of Madison ND La Quinta Partners Health Care REIT Inc KSL Land Corp.- Desert Resort Walmart Real Estate Business Trust Taxpayer (1) Taxable valuations include secured and unsecured Source: HdL Coren & Cone; Riverside County Assessor 2016/17 Combined Tax Rolls and the SBE Non-Unitary Tax RollP (Preliminary) BRE Iconic LQR Owner LLC Inland American La Quinta PavilionHawthorn IL Prop. Co. East of Madison Town and Country Partners TD Desert Development LP Walmart Real Estate Business Trust Lennar Homes of California Inc Andalusia Country Club LLC Health Care REIT Inc Principal Property Tax Payers (FY 2016-17) 152 CITY OF LA QUINTA TABLE 13 Property Tax Levies and Collections Last Ten Fiscal Years (in dollars) Fiscal Year Ended June 30 Taxes Levied for the Fiscal Year (1)Amount Percent of Levy Collections in Subsequent Years (2)Amount (3) Percent of Levy 2010 47,263,321 48,396,941 102.40%133,839 48,530,780 102.68% 2011 43,272,411 44,090,072 101.89%34,356 44,124,428 101.97% 2012 69,307,476 37,885,360 54.66%181,381 38,066,741 54.92% 2013 5,706,535 5,823,575 102.05%180,723 6,004,298 105.22% 2014 5,814,571 5,808,387 99.89%202,342 6,010,729 103.37% 2015 5,965,704 6,100,655 102.26%170,306 6,270,961 105.12% 2016 6,657,414 6,420,215 96.44%194,668 6,614,883 99.36% 2017 6,764,963 6,592,548 97.45%137,921 6,730,469 99.49% 2018 6,868,411 6,717,291 97.80%116,182 6,833,473 99.49% 2019 6,934,311 6,736,814 97.15%126,876 6,863,690 98.98% Total Collections to Date Collections within the Fiscal Year of Levy Notes: (1)Taxes Levied. The total tax levy is based on the Statement of Original Charge from the Riverside County Auditor- Controller Office. The amounts presented include City property taxes for tax districts 02-2374 and 02-2375 and are not inclusive of the redevelopment increment values. (2)Collections in Subsequent Years. The City participates in the Riverside County Teeter program; the secured taxes are remitted in a series of advances and settlement payments, the last of which is not received by the City until October of the subsequent year. Additionally, the City receives remittances for prior year throughout the subsequent year. As these values are not known at the time of publishing, the number in this column will be adjusted on the 18-19 CAFR to reflect all prior year collections received. (3)Collections to Date. The total amount does not include any apportionment adjustments that are the result of successful appeals of a taxpayer assessed valuation, escaped bills, refunds, or any other adjustments made by the County Auditor-Controller. As such, the percentage of the levy collected may be higher or lower than expected. Additionally, the increment values of the former Redevelopment Agency are allocated through a waterfall distribution process in accordance with California Health and Safety Code 34183 and 34188, and are not reflected on the Statement of Original Charge. Source:County of Riverside Auditor Controller's Office $0 $5 $10 $15 $20 $25 $30 $35 $40 $45 $50 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Property Tax Collections (in millions) 153 CITY OF LA QUINTA Ratios of Outstanding Debt by Type (1) Last Ten Fiscal Years (in dollars) 2010 2011 2012 2013 2014 128,311$ -$ -$ -$ -$ 114,583 78,253 40,090 71,045 129,063 741,171 729,480 - 702,105 686,345 1,530,958 1,503,433 - 1,441,096 1,405,755 Notes Payable- Eisenhower Drive Property - - - - - 2,072,965 1,255,243 - - - 1,200,000 1,000,000 - - - 174,584 - - - - 130,255,000 126,925,000 - - - 5,680,000 11,555,000 - - - 82,890,000 81,150,000 - - - - 28,850,000 - - - 4,760,000 4,340,000 3,895,000 3,425,000 2,930,000 (768,801) (1,115,799) - - - Total Governmental 228,778,771 256,270,610 3,935,090 5,639,246 5,151,163 Capital Leases 54,543 286,097 169,084 43,736 - Total Business-Type Activities 54,543 286,097 169,084 43,736 - Total Primary Government 228,833,314 256,556,707 4,104,174 5,682,982 5,151,163 Population - State Department of Finance January 1 44,421 37,836 38,075 38,401 39,032 Number of Households 23,489 23,489 23,528 23,612 23,871 Median Household Income 90,124 104,410 104,045 111,077 109,365 Percentage of Personal Income 10.81%10.46%0.17%0.22%0.20% Debt Per Capita 5,151 6,781 108 148 132 Unamortized Discount and Issuance Costs Reimbursement Agreement Business-type Activities: Due to County of Riverside Developer Agreement Tax Allocation Bonds Project Area 1 Tax Allocation Bonds Project Area 2 2004 Local Agency Revenue Bonds (2) 2011 Local Agency Revenue Bonds (2) USDA Loan Provident Savings Loan Fiscal Year Ended Governmental Activities: Due to Coachella Valley Unified School District Capital leases City Hall Lease Revenue Bonds Notes: (1)Details regarding the City's outstanding debt can be found in the notes to the financial statements. (2)The debt service payment for the 2004 and 2011 Lease Revenue Bonds are made from Redevelopment Project Area 1 & 2 low & moderate income tax increment. Source:City of La Quinta; HDL, Coren & Cone 154 TABLE 14 2015 2016 2017 2018 2019 -$ -$ -$ -$ -$ 103,869 155,395 530,163 667,035 757,971 668,933 649,698 628,448 - - 1,367,344 1,325,596 1,280,221 - - - - 2,250,000 1,125,000 - Notes Payable- Eisenhower Drive Property - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2,405,000 1,850,000 1,265,000 650,000 - - - - - - 4,545,146 3,980,689 5,953,832 2,442,035 757,971 Total Governmental - - - - - Capital Leases - - - - - Total Business-Type Activities 4,545,146 3,980,689 5,953,832 2,442,035 757,971 Total Primary Government 39,694 39,977 40,677 41,204 42,098 Population - State Department of Finance January 1 24,150 24,432 24,544 24,643 24,764 Number of Households 97,526 99,157 104,749 107,447 117,802 Median Household Income 0.19%0.16%0.23%0.09%0.03% Percentage of Personal Income 115 100 146 59 18 Debt Per Capita 2011 Local Agency Revenue Bonds (2) City Hall Lease Revenue Bonds Governmental Activities: Unamortized Discount and Issuance Costs Business-type Activities: Due to Coachella Valley Unified School District Due to County of Riverside Developer Agreement Tax Allocation Bonds Project Area 1 Tax Allocation Bonds Project Area 2 2004 Local Agency Revenue Bonds (2) Reimbursement Agreement Capital leases USDA Loan Provident Savings Loan - 1,000 2,000 3,000 4,000 5,000 6,000 7,000 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 5,151 6,781 108 148 132 115 100 146 59 18 Debt Per Capita 155 CITY OF LA QUINTA TABLE 15 Ratio of General Bonded Debt Outstanding Last Ten Fiscal Years (in dollars) Fiscal Year Ended June 30, City Hall Lease Obligation Local Agency Bonds Tax Allocation Bonds Total Percent of Assessed Value (2) Per Median Household Income 2010 4,760,000 82,890,000 135,935,000 223,585,000 1.90%2,481 2011 4,340,000 110,000,000 138,480,000 252,820,000 2.33%2,421 2012 3,895,000 - 3,530,221 7,425,221 0.04%37 2013 3,425,000 - 1,125,000 4,550,000 0.03%31 2014 2,930,000 - 1,125,000 4,055,000 0.03%27 2015 2,405,000 - - 2,405,000 0.02%20 2016 1,850,000 - - 1,850,000 0.02%45 2017 1,265,000 - - 1,265,000 0.01%31 2018 650,000 - - 650,000 0.01%6 2019 - - - - 0.00%- Outstanding General Bonded Debt (1) Notes: (1)General bonded debt is debt payable with governmental fund resources and general obligation bonds recorded in enterprise funds (of which, the City has none) (2) Assessed value has been used because the actual value of taxable property is not readily available in the State of California. Source:City of La Quinta 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 1.90% 2.33% 0.04%0.03%0.03%0.02%0.02%0.01%0.01%0.00% General Bonded Debt as a Percent of Assessed Value 156 CITY OF LA QUINTA TABLE 16 Direct and Overlapping Debt June 30, 2019 (in dollars) Total Assessed Valuation (1)13,401,036,081$ Overlapping Debt (3) 16.52%349,425,000$ 57,735,493$ 51.15%245,992,219 125,815,180 20.07%381,670,000 76,597,352 88.91%925,000 822,436 87.83%1,330,000 1,168,125 262,138,586 4.78%760,133,611 36,334,387 4.78%243,850,000 11,656,030 51.15%37,670,000 19,266,698 20.07%37,000,000 7,425,530 26.40%472,521 124,760 Total Overlapping General Fund Debt 74,807,405 Overlapping Tax Increment Debt Successor Agencies 13.352- 100.00 %456,693,028 283,089,691 Total Overlapping Tax Increment Debt Total Gross Overlapping Debt 620,035,682 Less: Riverside County Supported Obligations 83,033 Total Net Overlapping Debt 619,952,649 757,971$ 757,971 757,971 620,710,620$ Estimated Share of Overlapping Debt Outstanding Debt 6/30/18 Percentage Applicable (2) Overlapping Tax and Assessment Debt Desert Community College District Coachella Valley Unified School District Desert Sands Unified School District (DSUSD) Total Overlapping Tax and Assessment Debt Overlapping General Fund Debt Riverside County General Fund Obligations Riverside County Pension Obligations Coachella Valley Unified School District Certificates of Participation (COP) Direct General Fund Debt Total Direct General Fund Debt DSUSD Community Facilities District No. 1 Total Net Combined Direct and Overlapping Debt Coachella Valley Water District Assessment District No. 68 City of La Quinta General Fund Obligations Desert Sands Unified School District COP Desert Recreation and Park District COP Notes: (1) Total assessed valuation is from the Equalized Assessor report which includes homeowner exemptions. (2)For debt repaid with property taxes, the percentage of overlapping debt applicable is estimated using taxable assessed property values. Applicable percentages were estimated by determining the portion of the overlapping district's taxable assessed value that is within the city's boundaries divided by the district's total taxable assessed value. (3)Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City. This schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and businesses of the City. This process recognizes that, when considering the City's ability to issue and repay long-term debt, the entire debt burden borne by the residents and businesses should be taken into account. However, this does not imply that every taxpayer is a resident, and therefore responsible for repaying the debt of each overlapping government. 157 CITY OF LA QUINTA Legal Debt Margin Information Last Ten Fiscal Years (in dollars) 2010 2011 2012 2013 2014 Assessed valuation (1)11,753,185,892$ 10,870,790,733$ 10,331,431,958$ 10,274,998,112$ 10,726,752,603$ Debt limit percentage (2)15%15%15%15%15% Debt limit 1,762,977,884 1,630,618,610 1,549,714,794 1,541,249,717 1,609,012,890 - - - - - Legal debt margin 1,762,977,884$ 1,630,618,610$ 1,549,714,794$ 1,541,249,717$ 1,609,012,890$ 0.0%0.0%0.0%0.0%0.0% Total debt applicable to the limit as a percentage of debt limit General obligation bonds (3) Total net debt applicable to limit: Fiscal Year Notes: (1) Assessed Valuation is from the Equalized Auditor's Net report which excludes the homeowner exemptions (2)Section 43605 of the Government Code of the State of California limits the amount of indebtedness for public improvements to 15% of the assessed valuation of all real and personal property of the City. (3)The City of La Quinta has no general bonded indebtedness. Source:Riverside County Auditor Controller 158 TABLE 17 2015 2016 2017 2018 2019 11,369,346,292$ 11,930,906,878$ 12,457,435,999$ 12,867,519,997$ 13,351,737,881$ Assessed valuation (1) 15%15%15%15%15%Debt limit percentage (2) 1,705,401,944 1,789,636,032 1,868,615,400 1,930,128,000 2,002,760,682 Debt limit Total net debt applicable to limit: - - - - - General obligation bonds (3) 1,705,401,944$ 1,789,636,032$ 1,868,615,400$ 1,930,128,000$ 2,002,760,682$ Legal debt margin 0.0%0.0%0.0%0.0%0.0% Total debt applicable to the limit as a percentage of debt limit 159 CITY OF LA QUINTA TABLE 18 Pledged-Revenue Coverage (1) Last Ten Fiscal Years (in dollars) Principal Interest 2010 675,280 - 675,280 400,000 275,280 1.00 2011 672,525 - 672,525 420,000 252,525 1.00 2012 673,521 - 673,521 445,000 228,521 1.00 2013 673,130 - 673,130 470,000 203,130 1.00 2014 671,351 - 671,351 495,000 176,351 1.00 2015 673,046 - 673,046 525,000 148,046 1.00 2016 673,075 - 673,075 555,000 118,076 1.00 2017 671,441 - 671,441 585,000 86,441 1.00 2018 668,141 - 668,141 615,000 53,141 1.00 2019 668,038 - 668,038 650,000 18,038 1.00 . Debt ServiceLess Other Debt Payments Net Lease Revenue Fiscal Year Ended June 30, Coverage Ratio (3) Local Agency Revenue Bonds (City Hall Project) Lease Revenue (2) Notes: (1)Details regarding the city's outstanding debt can be found in the notes to the financial statements. (2)Lease revenues consist of payments from the City General Fund and Civic Center Development Impact Fee Fund. (3)Coverage ratio is a measure of the City's ability to meet its obligation. A ratio of greater than or equal to one indicates that sufficient revenue has been generated to satisfy the debt service requirements. The ratio is calculated as total available revenue (net lease revenue) divided by total debt service requirements (principal and interest) . 160 CITY OF LA QUINTA TABLE 19 Demographic and Economic Statistics Last Ten Calendar Years Sources 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 (3)35.31 35.31 35.16 35.16 35.16 35.71 35.71 35.71 35.71 35.71 (1)44,421 37,836 38,075 38,401 39,032 39,311 39,977 40,677 41,204 42,098 (5)$90,124 $104,410 $104,045 $111,077 $109,365 $97,526 $99,157 $104,749 $107,447 $117,802 (1)23,489 23,528 23,528 23,612 23,871 24,150 24,432 24,544 24,643 24,764 (1) 2.87 2.55 2.56 2.58 2.59 2.60 2.62 2.64 2.63 2.68 (4) $31,457 $40,961 $40,722 $43,053 $42,226 $37,510 $37,486 $39,288 $39,999 $42,931 (2) 14,600 16,217 16,350 16,658 16,983 17,483 18,033 18,617 18,917 19,142 (2) 13,500 14,783 15,042 15,517 16,000 16,675 17,175 17,533 18,000 18,308 (2) 7.53% 8.84% 8.00% 6.85% 5.79% 4.62% 4.76% 5.82% 4.85% 4.36% (4) 42.2 41.5 42.8 43.6 44.8 45.1 45.3 45.7 46 46.4Median age(3) Calendar Year Mean Household Income (in dollars)(4) Number of Dwelling Units(1) Persons per Household(1) Labor Force(2) Per Capita Income(3) Employment(2) City Land (Sq Miles) Population(1)(3) Unemployment Rate Sources: (1) State of California Department of Finance; State of California, Department of Finance, E-1 and E-5 Population and Housing Estimates for Cities, Counties and the State — January 1, 2017- 2018. Sacramento, California, released May 2018. (2) State of California Employment Development Department Website. Previous data updated in 2018/19 to utilize 12-month average and final numbers . (3) HDL, Coren & Cone (4) Previously, calculated using "Persons per Household" mulitplied by "Per Capita Income". Starting in 2017, data is from the US Census Bureau American Fact Finder 23,489 23,528 23,528 23,612 23,871 24,150 24,432 24,544 24,643 24,764 17,000 19,500 22,000 24,500 27,000 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Number of Dwelling Units 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Unemployment Rate $0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Mean Household Income 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% 10.00% $0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 $45,000 $50,000 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Per Capita Income and Unemployment Per Capita Income Unemployment Rate 161 CITY OF LA QUINTA TABLE 20 Principal Employers Current Year and Ten Years Ago Activity Number of Employees Percent of Total Employment Rank Number of Employees Percent of Total Employment Government 1 2,852 14.90%3 764 5.66% Hotel & Golf Resort 2 1,412 7.38%1 1,500 11.11% Retailer 3 300 1.57%4 350 2.59% Retailer 4 290 1.51%- 0.00% Retailer 5 212 1.11%5 210 1.56% Retailer 6 180 0.94%- 0.00% Retailer 7 150 0.78%7 150 1.11% Utility Company 8 134 0.70%- 0.00% Fast Food Restaurant 9 84 0.44%- 0.00% Grocery Store 10 83 0.43%- 0.00% Golf Resort 11 77 0.40%- 0.00% Golf Resort 12 71 0.37%10 101 0.75% PGA West Golf Resort 2 1,200 8.89% Hideaway Golf Resort 6 150 1.11% ND LA Quinta Partners LLC Real estate Development 8 150 1.11% Stater Brothers Grocery Store 9 130 0.96% 0.00% Total employment listed 5,845 30.53%4,705 34.85% Total City Employment - July 1 19,142 13,500 Traditions Golf Club Home Depot Costco Lowe's Home Improvement Target Vons In N Out Imperial Irrigation District Rancho La Quinta Desert Sands Unified School District Wal-Mart Super Center La Quinta Resort & Club/ PGA West (1) Fiscal Year 2009-10 Employer Fiscal Year 2018-19 Notes: (1) La Quinta Resort & Club and PGA West are accounted for as one entity; as such, their employment numbers are reported together as of FY 2015-16. Source: City of La Quinta 162 CITY OF LA QUINTA TABLE 21 Full-time City Employees by Function Last Ten Fiscal Years 2010 2011 2012 2013 2014 (1) 2015 2016 (2) 2017 2018 2019 13.00 14.00 12.00 11.00 8.00 7.00 4.00 4.00 5.00 7.00 6.00 6.00 5.00 5.00 4.00 4.00 3.00 3.00 5.00 5.00 9.00 9.00 8.00 8.00 7.00 8.00 7.00 7.00 8.00 8.00 10.75 10.75 10.75 10.75 12.00 11.65 - - - - 25.00 24.00 21.00 21.00 - - - - - - 10.00 9.00 8.00 9.00 - - - - - - - - - - 19.00 20.00 - - - - 27.25 26.25 24.25 23.25 20.00 21.35 - - - - - - - - - - 18.00 18.00 18.00 18.00 - - - - - - 27.00 27.00 29.00 32.00 - - - - - - 19.00 19.00 19.00 19.00 Total 101.00 99.00 89.00 88.00 70.00 72.00 78.00 78.00 84.00 89.00 Facilities (5) Finance Community Services Design and Development (4) Community Resources (3) Planning and Development Community Development Public Works Administration-City Mgr. Office City Clerk Function Building and Safety Fiscal Year Notes: The City of La Quinta contracts with the County of Riverside for Police Services and with the California Department of Forestry through a contract with the County of Riverside for Fire Services. In addition the City-owned Golf Course is operated by Landmark Golf. These positions have not been included as these positions are not City employees. (1) The City merged the Building and Safety Department with the Planning and Development Department in 2014. The resultant department was referred to as Community Development until 2016, see below. (2) During FY 2015-'16 the City was subject to a major reorganization in an attempt to improve efficiency and controls that effectively terminated the Community Services, Community Development, and Public Works departments. Following is a brief description of the reorganization for each department : (3)The Community Resources department has taken over specific roles of the prior Community Development and Community Services departments including, but not limited to human resources, police, fire,library, museum, recreation, marketing, code compliance, animal control, and emergency services. (4)The Design and Development department has taken over specific roles of the prior Community Development, Public Works, and Finance departments including, but not limited to customer service, business and animal licensing, planning, building, engineering services, and development services. (5)The Facilities department has taken over specific roles of the prior Community Services and Public Works departments including, but not limited to , parks, streets, buildings, lighting and landscaping. Source:City of La Quinta - 10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 100.00 110.00 2010 2011 2012 2013 2014 (1) 2015 2016 (2) 2017 2018 2019 101.00 99.00 89.00 88.00 70.00 72.00 78.00 78.00 84.00 89.00 Total Full-Time City Employees 163 CITY OF LA QUINTA TABLE 22 Operating Indicators by Function Last Ten Fiscal Years 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Finance: Number of Animal Licenses Processed (1)1,768 1,619 1,674 1,505 1,602 1,374 - - - - Number of Accounts Payable Checks Processed 4,393 4,530 3,766 3,576 3,696 3,833 4,153 3,835 3,621 4,286 Number of investment purchases 32 20 27 30 22 21 22 20 61 56 Par value of investments 267,213,000$ 189,810,285$ 188,782,874$ 164,614,769$ 136,323,300$ 128,990,447$ 137,594,669$ 139,613,063$ 150,117,079$ 163,665,838$ Number of cleared checks 4,984 4,912 5,103 3,899 3,922 4,004 4,167 3,932 3,813 3,875 Number of outgoing bank wires 75 87 63 58 58 54 41 44 64 68 City Clerk: Contracts Processed - - 319 346 289 238 282 199 243 266 Documents Notarized - - 254 301 334 203 157 99 128 74 Documents Recorded with County - - 170 125 183 106 112 56 67 45 Subpoenas and Claims Processed - - 22 15 21 37 10 8 12 18 Records Requests Fulfilled and Recorded - - 518 558 601 580 518 743 572 602 Documents Scanned to Electronic Archives (1)- - 30,437 28,798 34,671 164,847 233,182 214,384 593,991 970,894 Public Works: Encroachment permits issued 78 104 65 124 109 127 54 123 121 140 Request for services (1)1306 746 534 740 1,322 1,261 3,440 3,207 2,652 2,194 Community Development: Number of Active Business Licenses (1)3,428 3,183 3,310 3,520 3,998 4,452 3,368 3,681 3,707 3,806 Permits: Single family Detached 56 85 39 83 147 176 108 92 142 122 Single family Attached 12 - 11 - - 4 7 7 6 14 Residential Pool 152 148 127 162 204 255 217 170 211 243 Wall/Fence 178 218 149 167 220 328 257 209 268 223 Other 790 1,033 916 1,042 1,158 1,316 1,230 1,258 1,571 1,655 Garage Sale Permits (1)1,663 1,805 1,430 1,404 1,255 1,290 1,109 1,024 928 959 Total Permits 2,851 3,289 2,672 2,858 2,984 3,369 2,928 2,760 3,126 3,216 Code Compliance (1): Animal Control Incidents Handled (1)3,984 4,392 4,246 3,206 1,645 1,085 - - - - Vehicle abatements 214 263 139 99 88 85 255 212 224 184 Weed abatements 125 143 106 1,404 43 45 57 114 128 80 Nuisance abatements/Property Maintenance 2,340 2,252 2,433 1,668 730 557 1,037 1,180 1,122 921 All Other (2)- - - - - - 1,432 806 888 1,211 Community Services: Library activities: Number of Visits 89,060 92,484 109,000 63,955 71,874 73,924 182,913 190,747 152,725 132,947 Books checked out 259,711 263,064 275,838 220,690 329,154 263,047 234,340 254,323 250,636 241,450 Cards Issued 3,547 3,822 4,477 2,966 2,035 2,418 2,179 2,248 2,276 2,251 Number of School Children Visiting 772 1,881 962 737 1,539 1,562 2,947 4,680 4,528 3,303 Volunteer Hours 2,723 4,280 2,720 2,226 1,340 1,917 2,169 2,248 2,314 2,138 Senior Center/Wellness Center (1) : Number of visits 20,326 18,403 16,642 9,350 11,500 23,871 62,820 74,141 87,294 82,477 Volunteer Hours 3,131 3,099 2,690 2,233 2,745 1,279 1,585 1,420 1,333 1,148 Recreation activities: Participants: Leisure Classes 1,437 1,512 2,016 1,475 1,177 1,322 2,241 2,278 2,168 2,039 Special events 8,795 8,933 36,305 5,970 5,927 6,460 8,185 7,783 10,449 12,650 Adult Sports 13,364 13,092 5,647 3,865 5,878 5,487 7,192 6,695 6,136 5,932 Golf course: Golf rounds played 43,779 45,269 46,949 46,352 43,610 41,904 45,104 43,085 42,590 44,949 Average Green fee 71.59$ 70.70$ 70.40$ 67.44$ 66.83$ 69.65$ 66.87$ 66.80$ 71.88$ 72.02$ Planning and Development: Number of residential units approved 255 208 285 228 494 208 40 120 0 114 Commercial square footage approved 6,200 27,526 61,662 - 113,149 79,092 13,000 391,914 7,599 102,552 Fiscal Year Notes:(1) Data on this table may vary from year to year due to restructuring, personnel, and systems changes that have taken place at the city over the past five years. Examples include animal licensing and control contracted to County of Riverside May 2015, business licenses and garage sale permits transferred to Community Development Department, tracking system for active business licenses updated, vacation rental requirements for permits changed, Codes Department began using GoEnforce tracking software, Public Works Department expanded use of GoRequest system, City Clerk's office began project to archive all old documents and plans electronically, and the Senior Center became the Wellness Center in 2015. (2)"All Other" category includes building codes, business license, commercial, hazardous conditions, health/safety, other, parking, vacation rentals, and zoning. For 2016, data was annualized using the seven months of actual "total closed incidents" provided by GoEnforce. Source:City of La Quinta 164 CITY OF LA QUINTA TABLE 23 Capital Asset Statistics by Function Last Ten Fiscal Years 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Public Works: 127 127 128 128 128 128 128 128 128 128 22 22 22 22 22 34 34 36 35.5 35.5 265 265 269 269 277 277 281 372 372 372 50 50 51 52 54 54 54 54 54 54 2,909 2,919 2,934 2,984 3,018 3,018 3,018 5,758 5,758 5,408 12 12 12 12 13 13 13 13 13 13 Parks and Recreation: Parks 13 13 13 13 13 13 13 13 13 13 218 218 218 218 218 218 218 218 218 218 40 40 40 40 40 40 40 40 40 40 17.5 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Public Safety: Fire Stations 3 3 3 3 3 3 3 3 3 3 Golf Course: 1 1 1 1 1 1 1 1 1 1 Fiscal Year Bikepaths (miles) (1) Streets (miles) Senior/Wellness Center Museum Library Municipal golf courses Undeveloped Park Acreage Park Acreage Traffic signals Traffic signs Bridges Streetlights (2) Hiking Trails (miles) Notes: (1) Bike path miles were updated to include both Class I and Class II bicycle paths in 2015. (2)In fiscal year ending 2009 street lights at intersections were included for the first time. Additionally, the decorative streetlights in Old Town were added for the first time in 2017. Source:City of La Quinta 165 CITY OF LA QUINTA TABLE 24 Schedule of Insurance in Force 30-Jun-19 Company Name Policy Number Coverage Limits Term Premium Hartford 72FA0267254-18 Employee Dishonesty,$1 Million 12/03/18 - 12/03/19 $3,660 Forgery, Computer Fraud Hartford 72FA0267254-17 Employee Dishonesty,$1 Million 12/03/17 - 12/03/18 $3,366 Forgery, Computer Fraud CJPIA-Alliant B128410009W19 All Risk Property Insurance $25 Million 07/01/19 - 07/01/20 $101,868 Including Auto Physical Damage, Single Limit per Occurrence Terrorism, Boiler & Machinery subject to other sublimits (Excluding Earthquake) CJPIA-Alliant B128410009W18 All Risk Property Insurance $25 Million 07/01/18 - 07/01/19 $84,997 Including Auto Physical Damage, Single Limit per Occurrence Terrorism, Boiler & Machinery subject to other sublimits (Excluding Earthquake) Lloyds W14D19190601 Earthquake $10 Million 02/07/19 to 02/07/20 $101,652 Real & Personal Property Including Contingent Tax Interruption Lloyds W14D19170401 Earthquake $10 Million 02/07/18 to 02/07/19 $98,700 Real & Personal Property Including Contingent Tax Interruption California Self-Insured Comprehensive General $50 Million 07/01/19 - 07/01/20 $377,929 Joint Powers Pool Liability Single Limit per Occurrence Insurance Authority California Self-Insured Comprehensive General $50 Million 07/01/18 - 07/01/19 $431,167 Joint Powers Pool Liability Single Limit per Occurrence Insurance Authority California Self-Insured Worker's Compensation $10 Million 07/01/19 - 07/01/20 $211,083 Joint Powers Pool per occurrence Insurance Authority California Self-Insured Worker's Compensation $10 Million 07/01/18 - 07/01/19 $123,562 Joint Powers Pool Insurance Authority Source:City of La Quinta 166 City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING: May 13, 2020 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE THIRD QUARTER 2019/20 TREASURY REPORTS FOR JANUARY, FEBRUARY, AND MARCH 2020 RECOMMENDATION Receive and file the third quarter fiscal year 2019/20 Treasury Reports for January, February and March 2020. BACKGROUND/ANALYSIS Commentary and Summary of Significant Activity The total book value of the portfolio increased $3.98 million, from $146.26 million at the end of December to $150.25 million at the end of March. The increase reflects operational revenue and interest earnings during the quarter. The portfolio is within policy limits for investment types and total allocation by type (see chart below) and is also within policy guidelines for investment ratings. Investment Type January February March Max Allowed Bank Accounts 4.54% 3.14% 5.36% 100% Local Agency Investment Fund (LAIF) City 22.21% 21.98% 22.82% (1) Local Agency Investment Fund (LAIF) Housing 10.80% 10.68% 11.09% (1)(2) Money Market Pool Accounts-CAMP 18.64% 13.97% 13.20% 20% Federal Agency Coupons 9.19% 10.38% 8.78% 100% Treasury Coupons 8.98% 8.89% 7.58% 100% Certificates of Deposit (CD's)17.64% 18.56% 21.58% 30% Corporate Notes 2.49% 2.14% 2.22% 30% Money Market with Fiscal Agent 0.01% 2.72% 0.00% (2) CERBT- OPEB Trust 1.12% 1.10% 1.03% (3) PARS Pension Trust 4.39% 6.44% 6.34% (3) Total 100% 100% 100% (3) OPEB and pension trusts are fiduciary accounts and not subject to City Investment Policy (1) LAIF is subject to maximum dollar amount not a percentage of the portfolio (2) Funds held by fiscal agent and the LAIF Housing funds are governed by bond indentures and not subject to City Investment Policy Portfolio Allocations BUSINESS SESSION ITEM NO. 2 This quarter, the financial markets were roiled with ongoing news regarding the global pandemic caused by the novel coronavirus. This has added significant pressure on bond yields, with the 5-year and 10-year treasury rates slipping to never-before-seen lows. As investments mature, we will be subject to reinvesting at these low rates for the foreseeable future. After the Federal Reserve cut interest rates for the third time in October, they remained steady at 1.50-1.75%, until a 50 basis point (bps) cut on March 3rd and a 100 bps cut on March 15th lowered the target federal funds rate to a range of 0.00 to 0.25%. This rate has an impact on funds held in pooled money market accounts such as the California Asset Management Program (CAMP) and the Local Agency Investment Fund (LAIF), and therefore as a result daily yields drop quickly. The fiscal year annual effective rate of return is 1.93% as of March (down 9 bps since December), and will continue to decline in the coming quarters as a result of the current rate environment. Throughout the quarter one CD, one corporate bond, one agency bond and one treasury bond matured, three agency bonds and one CD were called, and 24 new investments were purchased. New purchases were heavily concentrated in negotiable CD purchases as they provide the largest spread over treasury rates and therefore better yields for the City. Additionally, $2.0 million was not immediately reinvested and is being held in the City’s liquid funds (LAIF/CAMP). Details of each transaction are listed in the attached reports. Total Earnings Average Days to Maturity Effective Rate of Return YTD January 218,430$ 328 1.97% February 207,537$ 347 1.95% March 239,781$ 372 1.93% Quarter 3 665,749$ 349 1.95% Other Notes Money market funds with the fiscal agent are bond proceeds subject to bond indentures, not the City’s investment policy. Successor Agency (SA) funds cannot be invested long-term; therefore, SA funds are only invested in LAIF. Looking Ahead The Treasurer follows a “buy and hold” Investment Policy, unless it is fiscally advantageous to actively trade outside of maturity dates. In the short term, the Treasurer will invest in CAMP and LAIF to cover the liquidity needs of the City. Longer term investments may include Government Sponsored Enterprise (agencies) securities, U.S. Treasuries, Corporate Notes, and Negotiable Certificates of Deposits. All investments recognize both immediate and long- term cash flow needs, and there is sufficient liquidity in the portfolio to meet expenditure requirements for the next six months. ALTERNATIVES - None Prepared by: Rosemary Hallick, Financial Services Analyst Approved by: Karla Romero, Finance Director/City Treasurer Attachment: 1. Treasurer’s Report for January 1, 2020 to March 31, 2020 ATTACHMENT 1ATTACHMENT 1 City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING: May 13, 2020 STAFF REPORT AGENDA TITLE: APPOINT TWO COMMISSIONERS TO SERVE ON THE REVIEW AND SELECTION COMMITTEE FOR REQUEST FOR PROPOSALS FOR FEDERAL EMERGENCY MANAGEMENT AGENCY PROJECT ADMINISTRATION SERVICES RECOMMENDATION Appoint two Commissioners to serve on the review and selection committee for request for proposals for Federal Emergency Management Agency project administration services. EXECUTIVE SUMMARY •The City issued a Request for Proposals (RFP) for Federal Emergency Management Agency (FEMA) project administration services on April 24, 2020 with a deadline to respond by May 15, 2020 by 5:00pm. •Staff recommends the Financial Advisory Commission (FAC) appoint two Commissioners to serve on the review and selection committee. •A final recommendation for FEMA project administration services will be provided to the City Council for consideration in June. BACKGROUND/ANALYSIS The City of La Quinta (City) is seeking a qualified third-party consulting firm to manage the documentation associated with the COVID-19 pandemic. Following the State of California emergency declaration (March 4, 2020), the City declared a local state of emergency on March 17, 2020 and subsequently filed for Federal Emergency Management Assistance (FEMA) on March 22, 2020. In addition, on March 8, 2020, the Riverside County Public Health Officer declared a local health emergency based on an imminent and proximate threat to public health from the introduction of COVID-19 in the County of Riverside. The City has been tracking payroll, supply expenses, and donations associated with the incident. However, additional follow up documentation and the organization of such documentation is desired. BUSINESS SESSION ITEM NO. 3 City Staff continues to adhere to all current Personnel, Purchasing, Cash Handling, and Accounts Receivables Policies. The Consultant shall not be responsible for verification of Policy adherence. Adherence to Policies will be the responsibility of City Staff. City Staff shall also be responsible for monitoring all FEMA, Federal, State, County and Local pronouncements regarding COVID-19. These pronouncements shall govern the scope of work provided to the Consultant. City Staff shall also prepare and respond to all reporting requirements under FEMA (bi-weekly and quarterly). These services are desired because applicable Federal laws, regulations, executive orders, and FEMA requirements vary vastly from routine reporting and tracking requirements. In addition, the Finance Department does not currently have the staff capacity to undertake this additional assignment. Staff seeks participation from the FAC to review proposals and select an appropriate consultant for these services. The RFP is available online at: https://www.laquintaca.gov/Home/Components/RFP/RFP/261/831 Committee members will receive proposals on Monday, May 18, 2020. The follwing is the RFP timeline. Advertisement April 24, 2020 Release of Request for Proposal April 24, 2020 Deadline for Receipt of Proposals May 15, 2020 at 5:00PM Evaluation Period May 16 – 25, 2020 30-minute Zoom Interview of Top 3 Qualified Proposers May 26-27, 2020 Tentative Contract Award Date June 2, 2020 ALTERNATIVES Select one Commissioner to the committee or none. Prepared by: Karla Romero, Finance Director City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING: May 13, 2020 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE FISCAL YEAR 2019/20 THIRD QUARTER BUDGET REPORT RECOMMENDATION Receive and file fiscal year 2019/20 Third Quarter Budget Report. EXECUTIVE SUMMARY •The 2019/20 Third Quarter Budget Report (Attachment 1) provides an update of the City’s fiscal activities from July 2019 through March 2020. •The Report includes revenue and expenditure adjustments, which were approved by the City Council on April 21, 2020. FISCAL IMPACT Approved adjustments to the General Fund were as follows: BACKGROUND/ANALYSIS Throughout the fiscal year each Department monitors their budget and proposes adjustments to reflect current conditions and ongoing operational needs. Requests are reviewed and discussed by the City Manager and Directors before recommendations are presented in the Budget Report (Attachment 1). Funds with no adjustments have been excluded. BUSINESS SESSION ITEM NO. 4 REVENUES EXPENSES Transient Occupancy Taxes (4,350,000) Sales Taxes, Bradley Burns (1,300,000) Sales Taxes, Measure G (1,400,000) Operating Expenses (2,756,900) SilverRock Operations 300,000 COVID-19 Expenses 500,000 TOTAL (7,050,000) (1,956,900) ALTERNATIVES No alternatives are recommended. If additional adjustments are required, a 2019/20 Fourth Quarter Budget Report will be prese nted to the City Council and Commission in June. Prepared by: Karla Romero, Finance Director Attachment: 1. 2019/20 Third Quarter Budget Report The annual budget is a living document, which allows for flexibility to accommodate current business needs. Quarterly budget reports are presented to provide ongoing oversight of public funds, relate current and upcoming activities, and request funding adjustments. The City has provided current fiscal year budget impact updates during City Council meetings on 3/17/2020 and 4/7/2020. This 2019/20 Third Quarter Budget Report incorporates previously discussed fluctuations to revenues, expense reductions, use of economic disaster reserves,and unanticipated expenses in association with combating COVID-19. A detailed discussion on these items was presented during the Council meeting on 4/7/2020. The previously discussed expenditure adjustments are detailed in Exhibit A. The General Fund Budget Summary above represents 2019/20 fiscal year to date adjustments with proposed third quarter adjustments highlighted in green. 2019/20 Third Quarter Budget Report Revenue 57,847,200$ Carryover Funding (Capital Projects/Operating)12,598,462$ 1st Quarter Adjustment (110,000) Use of Unassigned Reserves, Dune Palms Rd. 138,839 Use of Unassigned Reserves, Dune Palms Rd. 95,965 2nd Quarter Adjustments Operating 1,377,000 2nd Quarter Adjustments Measure G Reserves 800,000 2020 Census, County Revenue 10,669 3rd Quarter Adjustments Operating (7,050,000) TOTAL REVENUES 65,708,135 Operating/CIP Expenses 55,638,500 Carryover Funding (Capital Projects/Operating)12,598,462 Measure G Reserves (Update)516,400 Fritz Burns Pool Maintenance 22,900 Dune Palms Rd. Drainage Improvements 138,839 Dune Palms, Whitewater Channel Scour Analysis 95,965 2nd Quarter Adjustments Operating 527,468 Alongi Building, Allocated Measure G Reserves 800,000 2020 Census Community Outreach 10,669 3rd Quarter Adjustments Operating (2,456,900) 3rd Quarter Adjustments FEMA COVID Expenses 500,000 TOTAL EXPENDITURES 68,392,303 AMENDED BUDGET DEFICIT (2,684,168)$ Use of Economic Disaster Reserves 2,700,000 AMENDED BUDGET SURPLUS 15,832 General Fund Unassigned Reserves 6/30/2019 16,228,627$ Dune Palms, Drainage Improvements (138,839) Dune Palms, Whitewater Channel Scour Analysis (95,965) Reserve Allocation (5,000,000) CURRENT UNASSIGNED RESERVES 10,993,823$ GENERAL FUND BUDGET SUMMARY ATTACHMENT 1 GENERAL FUND REVENUES Originally on 3/17/2020, the General Fund budget shortfall was anticipated to be $6 million, today the estimate continues to be $7,050,000 as presented on 4/7/2020. Revenue loss estimates are based on decreased sales and transient occupancy taxes, which together were anticipated to generate 52% or $30.8 million during fiscal year (FY) 2019/20. Other sources of General Fund revenues continue to be on target or have a lagging impact which would be reflected in future budget projections. GENERAL FUND EXPENSES Identified General Fund operating and capital improvement project reductions total $2,756,900 (detailed in Exhibit A) and summarized by category below. Services & Programs are reduced by $341,900. Reductions include Fritz Burns Pool operations, community events, staff travel and training, and temporary employee services. Capital Projects are reduced by $887,000. Gas Tax funding provided by the General Fund was reduced and therefore the replacement of cove street signs is postponed. Lighting and Landscape District improvements funded by the General Fund are reduced and the Park Equipment Fund contribution from the General Fund has been suspended for the 3rd and 4th quarters of this fiscal year. Contract Services are reduced by $1,028,000. Police contract savings are being recognized without an adjustment to service levels. In addition, on call services for plan checks, engineering, and scanning services have been reduced. Salary and Benefits are reduced $500,000 based on payroll savings from vacant positions, unused health benefits, and contingency for staffing budget reductions. It is important to note these savings are one time in nature, many were realized because of current limited operations and closure of public facilities. These savings would not be available under normal operating circumstances unless expectations for services and community engagement provided by the City are reduced, capital improvements are reduced, or City facilities remain closed. Under Executive Order No. 3, SilverRock Golf Resort operations were closed on March 19, 2020 until further notice. An additional General Fund contribution is anticipated in the amount of $300,000 for grounds maintenance, oversight of essential personnel, and fixed cost such as insurances and leases. COVID-19 COVID-19 Unanticipated Expenses The State of California (CA) has issued a major disaster declaration which was recognized by the federal government. This declaration allows CA to receive funding through FEMA at a 75% reimbursement rate. Identified eligible expenses for La Quinta could include the following: • Management, control and reduction of immediate threats to public health and safety • Purchase and distribution of food, water, ice, medicine, and other consumable supplies, to include personal protective equipment and hazardous material suits • Security and law enforcement • Communications of general health and safety information to the public • Reimbursement for local government personnel overtime costs Federal Emergency Management Agency (FEMA) The City has applied for federal reimbursement under FEMA. Reimbursable costs are anticipated to be nearly $500,000, which is a $200,000 increase from the prior update on 4/7/2020. The increase is attributed to an anticipated contract service for FEMA reimbursement project support and expenses associated with reopening City facilities. Facility expenses focus on adding additional public and staff safety measures as recommended under COVID-19 guidance. Revenue losses, which are having the greatest impact to the budget, do not qualify for FEMA reimbursement. COVID-19 Impacts to Other Funds Gas Tax revenues will be adjusted by the State during the Governor’s May Budget revise and subsequently adjusted by the City before June 30th in a 2019/20 Fourth Quarter Budget Report. USE OF GENERAL FUND RESERVES La Quinta has been actively preparing for the next inevitable economic downturn. The following is a summary of reserves. The City intends to use $4,200,000 to combat COVID-19 impacts. The Economic Disaster Reserve was established in May 2018 and is intended to cover budget shortfalls during unusual economic periods such as those resulting from a declared national, state, or regional emergency which result in a significant decline to revenues. In accordance with the Reserve Policy, reserves are reviewed each year once financial statements are published, and final fund balances are known (January). Funds to replenish reserves will generally come from excess Reserve/Trust Reserve Target Current Balance Use of Reserves Amended Reserves Emergency Reserves Natural Disaster 10,000,000 10,000,000 - 10,000,000 Economic Disaster 11,000,000 11,000,000 (4,200,000) 6,800,000 Cash Flow Reserve 5,000,000 5,000,000 - 5,000,000 Capital Replacement 10,000,000 6,540,000 - 6,540,000 Total Reserves 36,000,000 32,540,000 (4,200,000) 28,340,000 Pension Trust Fund 10,000,000 10,000,000 - 10,000,000 Unassigned Reserves 10,000,000 10,993,823 - 10,993,823 Overall Total 56,000,000 53,533,823 (4,200,000) 49,333,823 revenues over expenditures and one-time revenues. These funds may be allocated to reserve categories as directed by City Council. MEASURE G SALES TAX SUMMARY UPDATE Funding from Measure G sales taxes for operational and capital expenses were not amended, however, with reduced revenues the reserve allocation was lowered from $1,916,400 to $516,400 as noted below. Measure G reserves are anticipated to end the year with a balance of $7,438,375. Revenues 2016/17 Actual 1,462,650$ 2017/18 Actual 9,967,657 2018/19 Actual 10,958,118 2019/20 Estimated Budget 8,846,500 (Updated) TOTAL 31,234,925$ Expenditures Operational Capital Reserves Total by Year 2016/17 Eisenhower Dr. Retention Basin 750,000 Measure G Reserves 16/17 (X-Park Funding)712,650 - 1,462,650 2017/18 Public Safety Fund 300,000 North La Quinta Landscape Improvements 1,802,576 Citywide Drainage Enhancements 2,407,373 La Quinta Village Road Diet Project 1,000,388 Measure G Reserves 17/18 (X-Park Funding)147,350 Measure G Reserves 17/18 (Alongi Building Improvements)800,000 Measure G Reserves 17/18 3,509,970 9,167,657 2018/19 Public Safety Fund 850,000 Public Safety Services 2,100,000 Citywide Drainage Enhancements 1,166,500 North La Quinta Landscape Improvements 2,129,613 SilverRock Event Space 1,300,000 Measure G Reserves 18/19 3,412,005 10,958,118 2019/20 Public Safety Services 2,750,000 Corporate Yard Administration/Crew Quarters 411,000 Highway 111 Corridor Improvements 1,000,000 North La Quinta Landscape Improvements 3,859,100 Village Art Plaza Promenade 310,000 Measure G Reserves 19/20 516,400 8,846,500 TOTAL 6,000,000$ 17,796,550$ 7,438,375$ 30,434,925$ 19%57%24% MEASURE G REVENUES AND EXPENDITURES SUMMARY In 2018/19, the City allocated $860,000 from Measure G reserves for the XPark. $712,650 from 2016/17 and a portion of 2017/18 ($147,350) reserves. In 2019/20, $800,000 of Measure G reserves was allocated to the SilverRock Event Site Alongi Building Improvements. Department Account Number Account Name Current Budget Reduction Revised Budget City Council 101-1001-60400 Office Supplies 500 (500) - City Council 101-1001-60410 Printing 500 (500) - City Council 101-1001-60137 Community Special Events 8,000 (3,000) 2,652 City Manager 101-1002-60320 Travel and Training 9,000 (4,000) 1,087 City Council 101-1001-60320 Travel and Training 25,900 (10,000) 2,920 City Manager 101-1002-60352 Subscriptions & Publications 1,000 (900) 58 Human Resources 101-1004-60103 Professional Services 110,000 (80,000) 22,977 Human Resources 101-1004-60129 Recruiting/Pre-Employment 30,000 (20,000) 4,887 Human Resources 101-1004-60320 Travel and Training 9,000 (4,000) 1,534 Human Resources 101-1004-60400 Office Supplies 2,000 (500) 400 Human Resources 101-1004-60410 Printing 200 (200) - City Clerk 101-1005-60103 Professional Services 111,100 (60,000) 40,853 City Clerk 101-1005-60320 Travel and Training 15,000 (1,000) 3,321 City Clerk 101-1005-60400 Office Supplies 2,500 - 694 City Clerk 101-1005-60450 Advertising 4,500 (1,500) 1,884 Finance 101-1006-60102 Administration 25,000 (15,000) 9,541 Finance 101-1006-60137 Community Engagement 3,000 (1,000) 242 Finance 101-1006-60400 Office Supplies 4,500 (1,000) 432 Finance 101-1006-60450 Advertising 4,000 (2,000) 1,773 Centralized Services 101-1007-60536 TOT Resort Rebate Program 100,000 - 100,000 Centralized Services 101-1007-71050 Buildings 1,100,000 - 679,449 Centralized Services 101-1007-74010 Land Acquisition 60,000 (50,000) 7,020 Centralized Services 101-1007-99900 Transfers Out - LLD 500,000 (300,000) 23,153 Centralized Services 101-1007-99900 Transfers Out - Gas Tax Fund 595,600 (250,000) (250,000) Police Services 101-2001-60161 Sheriff Patrol 9,680,000 (500,000) 3,892,065 Community Resources Administration 101-3001-60101 Contract Services 25,000 - 25,000 Community Resources Administration 101-3001-60103 Professional Services 5,000 (4,000) 1,000 Community Resources Administration 101-3001-60320 Travel and Training 7,500 (3,000) 1,915 Community Resources Administration 101-3001-60351 Membership Dues 700 (500) 200 Community Resources Administration 101-3001-60400 Office Supplies 3,000 (2,000) 357 Community Resources Administration 101-3001-60527 2-1-1 Hotline 2,100 - 2,100 Wellness Center 101-3002-60107 Instructors 67,000 (20,000) 6,672 Wellness Center 101-3002-60320 Travel and Training 2,000 (1,500) 241 Wellness Center 101-3002-60351 Membership Dues 7,600 (5,000) 1,159 Wellness Center 101-3002-60400 Office Supplies 3,000 (500) 675 Wellness Center 101-3002-60420 Operating Supplies 49,000 (15,000) 6,917 Recreation Programs/Special Events 101-3003-60149 Community Experiences 380,000 (50,000) 82,450 Recreation Programs/Special Events 101-3003-60320 Travel and Training 1,000 (1,000) - Recreation Programs/Special Events 101-3003-60351 Membership Dues 2,400 (2,000) 200 Recreation Programs/Special Events 101-3003-60420 Operating Supplies 11,500 (3,000) 3,544 Parks Maintenance 101-3005-60184 Fritz Burns Pool 252,940 (50,000) 88,982 Parks Maintenance 101-3005-98130 Park Equip. Maintenance 674,000 (337,000) - Marketing 101-3007-60134 Promotional Items 10,000 (5,000) 5,000 Marketing 101-3007-60137 Community Engagement 10,669 (5,000) 5,669 Public Buildings 101-3008-60320 Travel and Training 5,000 (4,000) 322 Design & Development Administration 101-6001-60320 Travel and Training 10,000 (4,000) 1,075 Design & Development Administration 101-6001-60400 Office Supplies 9,000 (5,000) 997 Planning 101-6002-60320 Travel and Training 14,000 (9,000) 1,149 Planning 101-6002-60450 Advertising 12,000 (5,000) 3,703 Planning 101-6002-60103 Professional Services 208,800 (40,000) 80,413 Buildings 101-6003-60118 Plan Checks 175,000 (50,000) 64,984 Buildings 101-6003-60320 Travel and Training 8,000 (5,000) 1,534 Buildings 101-6003-60352 Subscriptions & Publications 7,000 (4,000) 431 Code Enforcement 101-6004-60103 Professional Services 45,000 (30,000) 7,968 Code Enforcement 101-6004-60125 Temporary Agency Services 10,000 (4,000) 1,414 Code Enforcement 101-6004-60410 Printing 10,000 (5,000) 5,000 Code Enforcement 101-6004-60690 Uniforms 4,000 (2,000) 969 The Hub 101-6006-60103 Professional Services 201,000 (120,000) 57,000 The Hub 101-6003-60320 Travel and Training 9,600 (8,000) 765 Public Works Development Services 101-7002-60103 Professional Services 85,000 (15,000) 46,042 Public Works Development Services 101-7002-60183 Map/Plan Checking 120,000 (35,000) 48,328 Public Works Development Services 101-7002-60320 Travel and Training 6,000 (5,000) 570 2019/20 Third Quarter Budget Report General Fund Expense Reductions Exhibit A Streets 101-7003-60320 Travel and Training 5,000 (2,500) 696 Engineering Services 101-7006-60103 Professional Services 95,965 (28,000) 42,454 Engineering Services 101-7006-60104 Consultants 60,000 (20,000) 8,115 Engineering Services 101-7006-60145 Traffic Counts/Studies 50,000 (46,000) 3,600 Engineering Services 101-7006-60320 Travel and Training 10,000 - 3,687 Engineering Services 101-7006-60400 Office Supplies 1,000 (800) 200 Various Various Personnel Adjustments 10,859,500 (500,000) 10,359,500 Total Expense Reductions (2,756,900) 2019/20 Third Quarter Budget Report General Fund Expense Reductions Exhibit A City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING: May 13, 2020 STAFF REPORT AGENDA TITLE: DISCUSS PROJECTS TO BE INCLUDED IN FISCAL YEARS 2020/21 THROUGH 2024/25 CAPITAL IMPROVEMENT PROGRAM RECOMMENDATION Discuss projects to be included in fiscal years 2020/21 through 2024/25 Capital Improvement Program and provide Staff direction. EXECUTIVE SUMMARY •The Capital Improvement Program (CIP) is a five-year plan for major construction projects such as bridges, streets, traffic signals, drainage facilities, landscaping, lighting, parks, and other facilities. •Based upon Council and resident input over the past year, Staff developed a preliminary scope and budget for various projects proposed for the 2020/21 CIP budget, which was presented to City Council on April 7, 2020. •The Financial Advisory Commission (FAC) provides oversight of Measure G sales tax uses which are included in the CIP budget. •Council will be requested to appropriate funds for the 2020/21 CIP improvements when the operating budget and final CIP is considered in June 2020. FISCAL IMPACT This review does not generate fiscal impacts. The Landscape Renovation and Citywide Drainage Enhancements would use General Funds. The Highway 111 Corridor Area Plan Implementation and X Park Landscape Projects would use Measure G funding. Revenue sources are identified in Attachment 1. BACKGROUND/ANALYSIS On April 7, 2020 Staff recommended to the City Council that the following projects be included in the 2020/21 CIP: STUDY SESSION ITEM NO. 1 Transportation Projects Transportation projects are generally funded through the Pavement Management Plan (General Fund), Transportation Development Impact Fees (DIF), Gas Tax, Measure A, SB1, and ATP funds. • 2020/21 Pavement Management Plan (General Fund: $1.0M) The City of La Quinta’s current Five-Year Pavement Management Plan (PMP) (Attachment 2) spans from 2016 to 2021. The first four fiscal years of projects are now complete and included slurry sealing of various streets in the City and pavement rehabilitation of Avenue 52 between Jefferson Street and SilverRock Way. The scheduled 2018/19 Washington Street pavement rehabilitation project was moved to 2020/21 to accommodate the La Quinta Village Complete Streets project and will be the final project for the current Five- Year PMP. • La Quinta Village Complete Streets/Road Diet Project (SB-1: $693K) This project was approved by Council as part of the 2015/16 CIP. Staff recommends the addition of SB-1 funds to supplement the state ATP grant funds; these funds will be used for the landscape enhancements and decorative crosswalks. • Avenue 50 Bridge Spanning the Evacuation Channel (DIF Transportation: $893K, CVAG/Federal Highway Bridge Program: $12.54M) This improvement will replace the at grade crossing on Avenue 50 at the La Quinta Evacuation Channel with a new four lane, all weather bridge. The improvements will include a 200-foot, three span bridge, raising the roadway approach grades, concrete slope protection, utility relocation, and right-of-way acquisition. • Monroe Street Pavement Rehabilitation (Measure A: $839K, SB1: $102K) This project includes pavement rehabilitation of Monroe Street from Avenue 52 to Avenue 53, and Near Ave 61. Drainage Improvements • Citywide Drainage Enhancements (General Fund: $477K, Measure G: $700K) This project will upgrade drainage facilities along Calle Tampico from Eisenhower Drive to Washington Street for minimum 150-year storm protection in accordance with the Focused Drainage Study. Available funding may also be used to supplement the Dune Palms Retention Basin Improvement. Parks and Facilities Projects • Landscape and Lighting Median Island Improvements (General Fund: $100K) This project entails refurbishing City-owned parkways and medians south of Highway 111, prioritized over five years. Staff has developed an implementation strategy that recommends priorities and landscape materials. Other Adjustments • Highway 111 Corridor Area Plan Implementation (Measure G: $250K) Implement the Highway 111 Corridor Area Plan improvements, which may include landscape, connectivity and circulation improvements, entry monuments, wayfinding, catalyst project sites, lighting, and art installations. • Public Safety Camera System (Public Safety Fund: $1.0M) This project would include the installation of a public safety camera system throughout the City in various intersections and City parks. • Citywide Miscellaneous American with Disabilities Act (ADA) Improvements (CDBG: $122K) This is a continuation of implementing ADA improvements at City parks, buildings, intersection curb ramps and sidewalks based upon the City's ADA Transition Plan Report. Reimbursements for Existing Developer Impact Fee Reimbursement Agreements (Transportation DIF: $400K) The City entered into reimbursement agreements with nine development entities who constructed improvements for the benefit of the City in anticipation of future reimbursement from development impact fees. In 2017 the Council set reimbursement priorities; 9 of 11 developers submitted the required documentation and have been included in the approved repayment plan (Attachment 3). Projects on the Horizon The CIP also identified future year projects; those that may be of interest to the Council entail the following: • Dune Palms Road Pavement Rehabilitation (Fred Waring Drive to Miles Avenue) (2021/22) • Fred Waring Drive Pavement Rehabilitation (Washington Street to Palm Royale Drive) (2021/22) • Avenue 50 Sidewalk Improvements (Washington Street to Avenida Montero) (2024/25) • Moon River Drive Pavement Rehabilitation (Ave 50 to DSUSD ROW) (2024/25) Staff received direction from City Council on all projects included in the draft CIP. After incorporating Council’s comments; Staff present the CIP budget to a committee of three FAC Commissioners (Hoffner, Batavick and Twohey). The committee has reviewed the CIP process, funding, and projects (Attachment 5). During this study session Commissioners are encouraged to discuss their review process and findings. Prepared by: Julie Mignogna, Management Analyst Approved by: Bryan McKinney, P.E., Public Works Director/City Engineer Attachments: 1. Project Revenue Summary from Draft 2020/21 through 2024/25 CIP 2. DIF Reimbursement Agreement Repayment Schedule 3. 2016 Pavement Management Update - 5 Year Plan 4. La Quinta Landscape Renovation Project Schedule 5. Project Revenue Summary Comparison of Draft 2020/21 through 2024/25 CIP Project #Project Description General Fund Operating Measure G Sales Tax SB 1 Road Maint/Rehab Quimby Funds DIF Transportation Measure A Other Revenue Other Revenue Source Total 2020/2021 2021ADA ADA Accessible Ramps - Various Locations 20,000 20,000 2021CPM Citywide Preventative Maintenance Plan Improvements 50,000 Equip Replacement Fund 50,000 2021PMP Pavement Management Plan Street Improvements 1,000,000 1,000,000 2021STI Sidewalks - Various Locations 55,000 55,000 2021TMI Citywide Traffic Signal Maintenance Improvements 205,000 205,000 201503 La Quinta Village Complete Streets - A Road Diet Project 112,000 112,000 201509 XPark Landscaping 275,000 275,000 201512 Citywide Drainage Enhancements 477,000 477,000 201702 Developer Reimbursement for DIF Eligible Improvements 400,000 400,000 201804 Landscape and Lighting Median Island Improvements 100,000 100,000 201902 Avenue 50 Bridge Spanning the Evacuation Channel 893,005 12,535,495 CVAG/Federal HBP 13,428,500 201905 Highway 111 Corridor Area Plan Implementation 250,000 250,000 202001 Monroe Street Pavement Rehabilitation (Avenue 52 to Avenue 53, and Near Ave 61)683,098 257,902 941,000 202002 Citywide Miscellaneous ADA Improvements 121,890 CDBG Funds 121,890 202003 Citywide Public Safety Camera System 1,000,000 Public Safety Fund 1,000,000 FY 2020/2021 SUBTOTAL:1,652,000 525,000 795,098 0 1,293,005 462,902 13,707,385 18,435,390 2021/2022 2122ADA ADA Accessible Ramps - Various Locations 20,000 20,000 2122CPM Citywide Preventative Maintenance Plan Improvements 50,000 Equip Replacement Fund 50,000 2122PMP Pavement Management Plan Street Improvements 1,000,000 1,000,000 2122STI Sidewalks - Various Locations 55,000 55,000 2122TMI Citywide Traffic Signal Maintenance Improvements 500,000 500,000 201512 Citywide Drainage Enhancements 477,000 477,000 201603 La Quinta Landscape Renovation Improvement 1,408,356 1,408,356 201702 Developer Reimbursement for DIF Eligible Improvements 400,000 400,000 201804 Landscape and Lighting Median Island Improvements 500,000 500,000 201805 Corporate Yard Administrative Offices and Crew Quarters 2,773,000 2,773,000 201905 Highway 111 Corridor Area Plan Implementation 1,000,000 1,000,000 202004 SilverRock Event Space 700,000 700,000 202005 City Hall Rehabilitation 100,000 100,000 202101 Fred Waring Drive Pavement Rehabilitation (Washington Street to Palm Royale Drive)813,366 813,366 202102 Caleo Bay at Avenue 47 (New Traffic Signal)430,000 430,000 202103 Washington Street at Lake La Quinta Drive (New Traffic Signal)430,000 430,000 202104 Dune Palms Road Pavement Rehabilitation (Fred Waring Drive to Miles Avenue) 815,843 815,843 FY 2021/2022 SUBTOTAL:2,152,000 5,881,356 815,843 0 1,260,000 1,313,366 50,000 11,472,565 2022/2023 2223ADA ADA Accessible Ramps - Various Locations 20,000 20,000 2223CPM Citywide Preventative Maintenance Plan Improvements 50,000 Equip Replacement Fund 50,000 2223PMP Pavement Management Plan Street Improvements 1,000,000 1,000,000 2223STI Sidewalks - Various Locations 55,000 55,000 2223TMI Citywide Traffic Signal Maintenance Improvements 235,000 235,000 201512 Citywide Drainage Enhancements 477,000 477,000 201702 Developer Reimbursement for DIF Eligible Improvements 400,000 400,000 201804 Landscape and Lighting Median Island Improvements 500,000 500,000 201805 Corporate Yard Administrative Offices and Crew Quarters 3,657,000 3,657,000 201904 Village Art Plaza Site Improvements (Museum/Lumberyard Building)700,000 2,000,000 Library Funds 2,700,000 201905 Highway 111 Corridor Area Plan Implementation 1,000,000 1,000,000 CITY OF LA QUINTA CAPITAL IMPROVEMENT PROGRAM REVENUE SUMMARY ATTACHMENT 1 REVISED ATTACHMENT 1REVISED Project #Project Description General Fund Operating Measure G Sales Tax SB 1 Road Maint/Rehab Quimby Funds DIF Transportation Measure A Other Revenue Other Revenue Source Total 202005 City Hall Rehabilitation 900,000 900,000 202201 Avenue 50 Pavement Rehabilitation (Washington St. to Eisenhower Dr.)1,000,000 1,000,000 202202 Avenue 52 Pavement Rehabilitation (Desert Club to Washington St.)622,196 622,196 202203 Francis Hack Lane Pavement Rehabilitation (Avenida Bermudas to Cul-De-Sac)213,153 213,153 FY 2022/2023 SUBTOTAL:2,952,000 5,357,000 835,349 0 400,000 1,235,000 2,050,000 12,829,349 2023/2024 2324ADA ADA Accessible Ramps - Various Locations 20,000 20,000 2324CPM Citywide Preventative Maintenance Plan Improvements 50,000 Equip Replacement Fund 50,000 2324PMP Pavement Management Plan Street Improvements 1,000,000 1,000,000 2324STI Sidewalks - Various Locations 55,000 55,000 2324TMI Citywide Traffic Signal Maintenance Improvements 235,000 235,000 201512 Citywide Drainage Enhancements 477,000 477,000 201702 Developer Reimbursement for DIF Eligible Improvements 400,000 400,000 201804 Landscape and Lighting Median Island Improvements 500,000 500,000 201905 Highway 111 Corridor Area Plan Implementation 1,000,000 1,000,000 202301 Avenue 58 Pavement Rehabilitation (Jefferson Street to Madison Street)1,190,000 1,190,000 202302 Highway 111/Simon Drive Dual Left Turn Lanes 723,850 723,850 FY 2023/2024SUBTOTAL:2,052,000 1,000,000 723,850 0 400,000 1,425,000 50,000 5,650,850 2024/2025 2425ADA ADA Accessible Ramps - Various Locations 20,000 20,000 2425CPM Citywide Preventative Maintenance Plan Improvements 50,000 Equip Replacement Fund 50,000 2425PMP Pavement Management Plan Street Improvements 1,000,000 1,000,000 2425STI Sidewalks - Various Locations 55,000 55,000 2425TMI Citywide Traffic Signal Maintenance Improvements 235,000 235,000 201512 Citywide Drainage Enhancements 477,000 477,000 201702 Developer Reimbursement for DIF Eligible Improvements 400,000 400,000 201804 Landscape and Lighting Median Island Improvements 500,000 500,000 201905 Highway 111 Corridor Area Plan Implementation 1,000,000 1,000,000 202401 Avenue 50 Sidewalk Improvements (Washington Street to Avenida Montero)400,000 400,000 202402 Moon River Drive Pavement Rehabilitation (Ave 50 to DSUSD ROW)400,000 400,000 202403 Seasons Way Pavement Rehabilitation (Calle Tampico to Springtime Way)276,000 276,000 FY 2024/2025SUBTOTAL:2,052,000 1,000,000 0 0 400,000 1,311,000 50,000 4,813,000 TOTAL FISCAL YEARS 2020/21 THROUGH 2024/25:10,860,000 13,763,356 3,170,140 0 3,753,005 5,747,268 15,907,385 53,201,154 SH-111 54TH AVE 60TH AVE MONROE ST50TH AVE MADISON ST52ND AVE 48TH AVE ADAMS ST49TH AVE LIGA AVENUE 52 WASHINGTON STCITRUS AIRPORT BLVD PGA BLVD58TH AVEAVENIDA VALLEJOAVENIDA RAMIREZAVENIDA HERRERARI VI E RAAVENIDA VELASCOAVENIDA CARRANZAOAK HI LLAVENIDA VILLAOAK TREE AVENUE 58AVENIDA MARTINEZSHIELDS RDWINGED FOOTHERMITA GEAVENIDA NAVARROHJORTH STMERION 51ST AVEEISENHOWER DRDUNE PALMS RDCALLE TAMPICO JEFFERSON STMANDARINA WEISKOPF 55TH AVECLINTON STVIA DONAROSS AVEDEL GATO DREL DORADO DRVIA SAVONA INVERNESSPINA VIA PAESSARO 47TH AVE 46TH AVE PARK AVELIMA VILLAGE DRAVENIDA MENDOZASHOAL CREEKCETRINO SOUTHERN HILLSBONITA TRLAN D A L USIACALEO BAYC O ACHELLA D R MISSION DR EQUAI L RUN LNARACENA S P A N I S H B A Y CALLE SINALOA TOM FAZIO LN N RI VI ERA AVETIBURON DR AVENIDA LA FONDA YOUNGS LNVIA CC TROON WAYVIA VALEROSAAVILA DRWESTWARD HO DR MISSION DR WR O N D AFIRESTONE ULRICH DRMOUNTAIN VIEW61ST AVE V ILLAG E C LU B D R MERV GRIFFIN WAYVIA DDSTILLWATER DRIROQUOIS DR BAFFIN AVE TOM FAZIO LN SVISTA ESTRELLAPOMELO ST VIA PISAP R IS M D RAVENIDA BERMUDASDESERT CLUB DRVIA CARMELMUIRFIELD VILLAGE TORONJA BAYA TEE ST CEREZATANGLEWOODPARK LNBALBOA PLLIVING STONE DRPALM DR TIGRIS AVE CAHUILLA PARK RDBELLERIVE POLO RD MARY LN FIESTA DR VERANO DRV IA C A P R ISAND DR59TH AVE CASSIA ST JASMINE LN DEACON DR WV IA ME L ODIA BRAE BURNTRILOGY PKWY53RD AVE SEMINOLE DRCABRILLO PLALMONTEVIA PALACIOTANGELOJEREZINTERLACHENNATIONAL D R DULCE DEL MARARAPAHOE VIOLET STROCK ROSE DRMAGELLAN PLAVERY DR JACK NICKLAUSMARBELLA CTBRADSHAW TRLVIA SORRENTOVIA STRADACALLE NORTE PEAR STVISTA LAGUNAMONTANA WAYCLARET CVWASHINGTON ST FRONTAGELA QUINTA DRSAGEBRUSH AVE PEERLESS PLPECOS PL CONTENTOBUNKER LNSILVER ROCKVIA PORTOFINO TANGELO DRVIA RITA SAGUARO RD VIA BRAVA VERANDA AVE CEDAR CRESTARDENNAIS DRMARQUIS LNSTONEGATEBAY CLUB DRAVENIDA OBREGONM A ST E R S CIR PEBBLE BEACHQU A R RY LN SHADOW TRL S VALLEY LNHARRY RAU RDALI CTCROQUET CTP I N E H U R S TROADRUNNER LNVIA PONTITOSEVILLERIO SECO LAREDO CT VIA SOLANAAVENIDA ULTIMO NAUTICAL DRST FRANCIS AVESTONEMONT DRCALLE CONCHITABARRISTO CIRCASTLE PINES DR TAOS TRL ASHLEY PL VIA PALMILLAVIDA BELLA DRVISTA CALICOW H ITE SAGE DR SERENATA DRVISTA PALOM INOBRIARWOOD RENEWAL STLATROBE LNCALLE DEL SOLV IST A G R A N D E RED BLUFF RD EAGLE CLAW DR PASEO DE NIVEL VIA ENCINITAS CA LL E B RI SA SANTO THOMASSALT RIVER ST9TH ST HIGGINS CTVIA NICEVICTO RIA LN HARVARD CT CARBO NERAS GAUNT WAY SABITA DR LOREN CTPOMOROSE DAWN ACROPOLIS STVIA SAN CLARA SEABISCUIT WAY REVOIR PL D ES E R T D R AVENIDA OBREGONMADISON STADAMS STAIRPORT BLVD RIVIERA MADISON STADAMS STWASHINGTON STJEFFERSON STADAMS STCity of La Quinta Draft 5 Year Plan 2016-2021 ®Legend COLQCtrlines <all other values> 5 Year Plan 2016-2021 2016-2017 Zones 1,2 &5 CITY-WIDE STRIPING Digouts & Slurry Seal Crack Seal & Slurry Seal Grind & Overlay 2017-2018 Zone 2 Grind & Overlay 2018-2019 Zone 2 Crack Seal & Slurry Seal 2019-2020 Zone 2 Grind & Overlay 2020-2021 Zone 3 Crack Seal & Slurry Seal ATTACHMENT 2 ATTACHMENT 2 L.Q. HIGHLANDS ACACIA QUINTERRA RANCHO OCOTILLO DESERT PRIDE SIERRADEL REY MARBELLA TOPAZ CACTUS FLOWER L.Q. VISTAS L.Q. DEL ORO CIP 2019/2020 - Design Topaz MarabellaSierra Del ReyDesert Pride Budget $3,859,103CIP 2021/2022 - FutureCactus Flower Budget $1,408,356 CIP 2018/2019 - On-GoingLa Quinta Highlands/VistasRancho OcotilloBudget $2,129,613 CIP FY2017/2018 - CompleteAcacia BasinLa Quinta Highlands Basin QuinterraBudget $1,807,098 CIP FY2016/2017 - Complete La Quinta Del OroLa Quinta Acacia Parkway Budget $634,046 Legend ATTACHMENT 3 ATTACHMENT 3 DEVELOPER(RESPONSIVE / CONFIRMED)AGREEMENTDATECIP PROJECT DESCRIPTIONNTE AMOUNT TOTAL POINTSACCRUED FY 17/18 FY 18/19 FY 19/20 FY 20/21 FY 21/22 FY 22/23 FY 23/24 FY 24/25 FY 25/26 FY 26/27 FY 27/28 FY 28/29ND La Quinta Partners, LLC 4-Dec-07 Avenue 52 - Improved One Lane of Travel & Installed Raised/Landscaped Median 1,344,690$ 1865,455$ 65,455$ 66,536$ 77,563$ 90,000$ 90,000$ 101,106$ 101,408$ 140,021$ 204,400$ 225,000$ 117,747$ East of Madison, LLC 4-Dec-07 Avenue 52 - Improved One Lane of Travel & Installed 1/2 Raised/Landscaped Medi669,920$ 1761,818$ 61,818$ 62,839$ 73,254$ 85,000$ 85,000$ 95,489$ 95,775$ 48,926$ -$ -$ -$ East of Madison, LLC (Part 1) 26-Jan-16 Madison Street - Improved One Lane of Travel & Installed Raised/Landscaped Med976,266$ 1450,909$ 50,909$ 51,750$ 60,327$ 70,000$ 70,000$ 78,638$ 78,873$ 108,905$ 158,978$ 175,000$ 21,976$ Toll Brother's Inc. (Part 1) 6-Feb-08 Avenue 50 - Installed Full Median Curb & Median Island Landscape 179,062$ 1347,273$ 47,273$ 48,054$ 36,463$ -$ -$ -$ -$ -$ -$ -$ -$ East of Madison, LLC (Part 2) 26-Jan-16 Avenue 54 - Improved One Lane of Travel & Striped 1/2 width Painted Median 524,010$ 1140,000$ 40,000$ 40,661$ 47,400$ 55,000$ 55,000$ 61,787$ 61,972$ 85,568$ 36,622$ -$ -$ ND La Quinta Partners, LLC 26-Jan-16 Madison Street - Improved One Lane of Travel 418,400$ 1140,000$ 40,000$ 40,661$ 47,400$ 55,000$ 55,000$ 61,787$ 61,972$ 16,580$ -$ -$ -$ Lennar Homes of California, Inc6-Jun-11 Fred Waring Drive - Installed full Median Curb & Median Island Landscape 103,083$ 1036,364$ 36,364$ 30,356$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Sam's Real Estate Business Trus10-Oct-12 Dune Palms Road - Installed Full Median Curb & Median Island Landscape228,697$ 932,727$ 32,727$ 33,268$ 38,782$ 45,000$ 45,000$ 1,193$ -$ -$ -$ -$ -$ Toll Brother's Inc. (Part 2) 6-Feb-08 Avenue 52 - Median Island Improvements (Landscape Only)95,596$ 725,455$ 25,455$ 25,875$ 18,812$ -$ -$ -$ -$ -$ -$ -$ -$ 4,539,723$ 110400,000$ 400,000$ 400,000$ 400,000$ 400,000$ 400,000$ 400,000$ 400,000$ 400,000$ 400,000$ 400,000$ 139,723$ $Denotes the final payment due to the DeveloperDEVELOPER(NON-RESPONSIVE)AGREEMENTDATECIP PROJECT DESCRIPTIONNTE AMOUNT TOTAL POINTSACCRUED Greystone Clubhouse Assoc., LL12-Jun-08 Avenue 52 - Improved One Lane of Travel & Installed Raised/Landscaped Median 463,894$ 15T.D. Desert Development LLP 12-Oct-06 Avenue 50 - Installed 1/2 Median Curb (with Landscape)186,900$ 10650,79425CITY OF LA QUINTA CAPITAL IMPROVEMENT PROGRAMDEVELOPER REIMBURSEMENT AGREEMENT REPAYMENT The above listed developers (two total) have not submitted the appropriate invoices or documentation, and are therefore considered as "Non‐Responsive". The repayment plan above does not include the total of the Non‐Responsive Developers ($650,794) in its total ($4,539,723). TOTAL DEVELOPER REIMBURSEMENT:TOTAL DEVELOPER REIMBURSEMENT:This repayment plan is applicable to the Developers who have submitted invoices to the City, and the City has reviewed / approved repayment.This method calculates the overall percentage based on the Total Points Accrued, and allows the Developers to receive annual payments accordingly, until the Agreement has been satisfied. The percentage of (Total Points Accrued / Total Points) was determined for each Developer Reimbursement Agreement and multiplied by an annual anticipated payment of $400,000 to determine how much each Developer shall receive each year. In the event that a Developer's Agreement was fulfilled in a year, and there was a remainder of the anticipated $400,000, a new percentage, excluding the points from the previously repaid developer, was calculated and redistributed within that same Fiscal Year. ATTACHMENT 4ATTACHMENT 4 Project # Project Description Original Budget Revised Budget Variance Change Notes Priority Rating FY 2020/2021 2021ADA ADA Accessible Ramps - Various Locations 20,000 20,000 0 0 Use as match for grant funded projects (SB821 and CDBG)High 2021CPM Citywide Preventative Maintenance Plan Improvements 100,000 50,000 -50,000 -50%Reduced initial increase High 2021PMP Pavement Management Plan Street Improvements 1,000,000 1,000,000 0 0 Needed for Maintenance of Effort (MOE)High 2021STI Sidewalks - Various Locations 55,000 55,000 0 0 Use as match for grant funded projects (SB821 and CDBG)High 2021TMI Citywide Traffic Signal Maintenance Improvements 205,000 205,000 0 0 Needed to maintain traffic equipment High 201503 La Quinta Village Complete Streets - A Road Diet Project 692,230 112,000 -580,230 -84% Reduced due to project savings during construction High 201509 Xpark Landscape - 275,000 275,000 100%Was not budgeted in initial project scope Medium 201512 Citywide Drainage Enhancements 1,177,000 477,000 -700,000 -59%Removed additonal appropriation Medium 201603 La Quinta Landscape Renovation Improvement 1,408,356 - -1,408,356 -100%Shifted to FY 2021/22 - will not impact overall project delivery Low 201702 Developer Reimbursement for DIF Eligible Improvements 400,000 400,000 0 0% Council priority Medium 201804 Landscape and Lighting Median Island Improvements 500,000 100,000 -400,000 -80%Reduced this FY, future years return to $500K budget Medium 201805 Corporate Yard Administrative Offices and Crew Quarters 2,773,000 - -2,773,000 -100%Shifted to FY 2021/22 and 2022/23 Low 201902 Avenue 50 Bridge Spanning the Evacuation Channel 13,428,500 13,428,500 0 0%Federal HBP and CVAG funding High 201905 Highway 111 Corridor Area Plan Implementation 1,000,000 250,000 -750,000 -75%Reducced this FY, future years return to $1M budget Medium 202001 Monroe Street Pavement Rehabilitation (Avenue 52 to Avenue 53, and Near Ave 61)941,000 941,000 0 0 Council priority - using SB1 and Measure A funds Medium 202002 Citywide Miscellaneous ADA Improvements 121,890 121,890 0 0 CDBG Grant Funded Project High 202003 Citywide Public Safety Camera System 1,000,000 1,000,000 0 0 Using special fund Medium 202004 SilverRock Event Space 700,000 - -700,000 -100%Shifted to FY 2021/22 Low 202005 City Hall Rehabilitation 100,000 - -100,000 -100%Shifted to FY 2021/22 Low TOTAL 25,621,976 18,435,390 (7,186,586.00) -28%Overall 28% reduction in FY 2020/21 CIP Project # Project Description Original Budget Revised Budget Variance Change Notes Priority Rating FY 2021/2022 2122ADA ADA Accessible Ramps - Various Locations 20,000 20,000 0 0 Use as match for grant funded projects (SB821 and CDBG)High 2122CPM Citywide Preventative Maintenance Plan Improvements 100,000 50,000 -50,000 -50%Reduced initial increase High 2122PMP Pavement Management Plan Street Improvements 1,000,000 1,000,000 0 0 Needed for Maintenance of Effort (MOE)High 2122STI Sidewalks - Various Locations 55,000 55,000 0 0 Use as match for grant funded projects (SB821 and CDBG)High 2122TMI Citywide Traffic Signal Maintenance Improvements 525,000 500,000 -25,000 -5%Needed to maintain traffic equipment High 201512 Citywide Drainage Enhancements 477,000 477,000 0 0 No change Medium 201603 La Quinta Landscape Renovation Improvement - 1,408,356 1,408,356 100%Shifted funds from FY 2020/21 to FY 2021/22 Medium 201702 Developer Reimbursement for DIF Eligible Improvements 400,000 400,000 0 0 No change Medium 201804 Landscape and Lighting Median Island Improvements 500,000 500,000 0 0 Back to normal funding allocation Medium 201805 Corporate Yard Administrative Offices and Crew Quarters 3,657,000 2,773,000 -884,000 Shifted from FY 2020/21 and second year to 2022/23 Low 201904 Village Art Plaza Site Improvements (Museum/Lumberyard Building)2,700,000 - -2,700,000 -100%Shifted construction of project to FY 2022/23 Low 201905 Highway 111 Corridor Area Plan Implementation 1,000,000 1,000,000 0 0 Back to normal funding allocation Medium 202101 Fred Waring Drive Pavement Rehabilitation (Washington Street to Palm Royale Drive)813,366 813,366 0 0 No change - Community priority Medium 202102 Caleo Bay at Avenue 47 (New Traffic Signal)430,000 430,000 0 0 No change Medium 202103 Washington Street at Lake La Quinta Drive (New Traffic Signal)430,000 430,000 0 0 No change Medium 202104 Dune Palms Road Pavement Rehabilitation (Fred Waring Drive to Miles Avenue) 815,843 815,843 0 0 No change - Community priority Medium 202105 Avenue 47 Pavement Rehabilitation (Washington Street to Adams Street)385,000 - -385,000 -100%Removed project from CIP Low 202105 SilverRock Event Space - 700,000 700,000 100%Shifted from FY2020/21 Low 202106 City Hall Rehabilitation 900,000 100,000 -800,000 -89%Shifted design from FY2020/21 and construction to FY 2022/23 Low TOTAL 14,208,209 11,472,565 (2,735,644.00) -19%Overall 19% reduction in FY 2021/22 CIP Project # Project Description Original Budget Revised Budget Variance Change Notes Priority Rating FY 2022/2023 2223ADA ADA Accessible Ramps - Various Locations 20,000 20,000 0 0 Use as match for grant funded projects (SB821 and CDBG)High 2223CPM Citywide Preventative Maintenance Plan Improvements 100,000 50,000 -50,000 -50%Reduced initial increase High 2223PMP Pavement Management Plan Street Improvements 1,000,000 1,000,000 0 0 Needed for Maintenance of Effort (MOE)High 2223STI Sidewalks - Various Locations 55,000 55,000 0 0 Use as match for grant funded projects (SB821 and CDBG)High 2223TMI Citywide Traffic Signal Maintenance Improvements 235,000 235,000 0 0 Needed to maintain traffic equipment High 201512 Citywide Drainage Enhancements 477,000 477,000 0 0 No change Medium 201702 Developer Reimbursement for DIF Eligible Improvements 400,000 400,000 0 0 No change Medium 201804 Landscape and Lighting Median Island Improvements 500,000 500,000 0 0 No change Medium 201805 Corporate Yard Administrative Offices and Crew Quarters - 3,657,000 3,657,000 100%Second part of funding shift from FY 2021/22 Low 201904 Village Art Plaza Site Improvements (Museum/Lumberyard Building)- 2,700,000 2,700,000 100%Shifted from FY 2021/22 Low 201905 Highway 111 Corridor Area Plan Implementation 1,000,000 1,000,000 0 0 No change Medium 202106 City Hall Rehabilitation - 900,000 900,000 100%Second part of funding shift from FY 2021/22 Low 202201 Avenue 50 Pavement Rehabilitation (Washington St. to Eisenhower Dr.)1,000,000 1,000,000 0 0 No change Medium 202202 Avenue 52 Pavement Rehabilitation (Desert Club to Washington St.)622,196 622,196 0 0 No change Medium 202203 Dune Palms Road at Corporate Center Drive (New Traffic Signal)430,000 - -430,000 -100%Removed project from CIP until Dune Palms adjacent land dev.Low 202203 Francis Hack Lane Pavement Rehabilitation (Avenida Bermudas to Cul-De-Sac)213,153 213,153 0 0 No change Medium TOTAL 6,052,349 12,829,349 6,777,000.00 112%Overall 112% increase in FY 2022/23 CIP CIP REVENUE SUMMARY COMPARISONS FY 2020/21 THROUGH 2024/25 High Critical to keep project funded. Needed to maintain grant funding, maintenance of effort or matching funds. DIF Funds or Other Special Funds FUNDING SOURCE LEGEND Measure G Funded General Fund SB1 or Measure A Funded Grant and/or CVAG Funded Priority Rating Criteria Legend Low Project could be shifted to next fiscal year without major impacts. No funding constraints or match requirements. Ongoing project needing additional funding, community priority, or important for maintenance efforts.Medium ATTACHMENT 5 ATTACHMENT 5-24% Project # Project Description Original Budget Revised Budget Variance Change Notes Priority Rating FY 2023/2024 2324ADA ADA Accessible Ramps - Various Locations 20,000 20,000 0 0 Use as match for grant funded projects (SB821 and CDBG)High 2324CPM Citywide Preventative Maintenance Plan Improvements 100,000 50,000 -50,000 -50%Reduced initial increase High 2324PMP Pavement Management Plan Street Improvements 1,000,000 1,000,000 0 0 Needed for Maintenance of Effort (MOE)High 2324STI Sidewalks - Various Locations 55,000 55,000 0 0 Use as match for grant funded projects (SB821 and CDBG)High 2324TMI Citywide Traffic Signal Maintenance Improvements 235,000 235,000 0 0 Needed to maintain traffic equipment High 201512 Citywide Drainage Enhancements 477,000 477,000 0 0 No change Medium 201702 Developer Reimbursement for DIF Eligible Improvements 400,000 400,000 0 0 No change Medium 201804 Landscape and Lighting Median Island Improvements 500,000 500,000 0 0 No change Medium 201905 Highway 111 Corridor Area Plan Implementation 1,000,000 1,000,000 0 0 No change Medium 202301 Avenue 58 Pavement Rehabilitation (Jefferson Street to Madison Street)1,400,000 1,190,000 -210,000 -15%Reduced due to lower construction costs & Measure A projection Medium 202302 Highway 111/Simon Drive Dual Left Turn Lanes 723,850 723,850 0 0 No change Medium 202303 Seasons Way Pavement Rehabilitation (Calle Tampico to Springtime Way)276,000 0 -276,000 -100%Shifted to FY 2024/25 Low TOTAL 6,186,850 5,650,850 (536,000.00) -9%Overall 9% decrease in FY 2023/24 CIP Project # Project Description Original Budget Revised Budget Variance Change Notes Priority Rating FY 2024/2025 2425ADA ADA Accessible Ramps - Various Locations 20,000 20,000 0 0 Use as match for grant funded projects (SB821 and CDBG)High 2425CPM Citywide Preventative Maintenance Plan Improvements 100,000 50,000 -50,000 -50%Reduced initial increase High 2425PMP Pavement Management Plan Street Improvements 1,000,000 1,000,000 0 0 Needed for Maintenance of Effort (MOE)High 2425STI Sidewalks - Various Locations 55,000 55,000 0 0 Use as match for grant funded projects (SB821 and CDBG)High 2425TMI Citywide Traffic Signal Maintenance Improvements 235,000 235,000 0 0 Needed to maintain traffic equipment High 201512 Citywide Drainage Enhancements 477,000 477,000 0 0 No change Medium 201702 Developer Reimbursement for DIF Eligible Improvements 400,000 400,000 0 0 No change Medium 201804 Landscape and Lighting Median Island Improvements 500,000 500,000 0 0 No change Medium 201905 Highway 111 Corridor Area Plan Implementation 1,000,000 1,000,000 0 0 No change Medium 202401 Avenue 50 Sidewalk Improvements (Washington Street to Avenida Montero)400,000 400,000 No change - community priority per resident request Medium 202402 Moon River Drive Pavement Rehabilitation (Ave 50 to DSUSD ROW)400,000 400,000 0 0 No change - community priority per resident request Medium 202403 Seasons Way Pavement Rehabilitation (Calle Tampico to Springtime Way)- 276,000 276,000 100%Shifted from FY 2023/24 Low TOTAL 4,587,000 4,813,000 226,000.00 5%Overall 5% increase in FY 2024/25 CIP ATTACHMENT 5 ATTACHMENT 5 City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING: May 13, 2020 STAFF REPORT AGENDA TITLE: DISCUSS FISCAL YEAR 2020/21 PRELIMINARY PROPOSED BUDGET RECOMMENDATION Discuss fiscal year 2020/21 preliminary proposed budget. EXECUTIVE SUMMARY •Revenue and expense projections for all funds of the City, except for SilverRock, have been provided during this study session. The focus of the Financial Advisory Commission (FAC) is oversight of Measure G funds. •The FAC has two active sub-committees reviewing the 2020/21 operating and capital improvement budgets, which allocate the use of Measure G sales tax revenue. •All departments evaluated budget needs based on the City’s priorities and COVID-19 operational impacts when preparing their 2020/21 budgets. •Revenues (inclusive of Measure G) are approximately 4% lower when compared to the current 2019/20 budget or 12% lower when compared to the adopted 2019/20 budget. •The most significant expenditure increase is for police services. •Final budget adoption is scheduled for June 16, 2020. FISCAL IMPACT The preliminary General Fund budget projects a deficit of $2,899,300 with projected General Fund revenues of $50,738,300 (including Measure G sales tax) and proposed operational and capital expenditures of $49,312,600. Unappropriated Measure G sales tax revenue of $4,325,000 shall remain in reserves. BACKGROUND/ANALYSIS The goal of the May 13 study session is to provide an overview and then allow time to meet with Commissioners and other interested parties to address details that may not be easily conveyed in a study session format. The FAC will STUDY SESSION ITEM NO. 2 5/5/2020 City Council Meeting - Budget Study Session #1 - (General Fund and Internal Service Funds focus) 5/6/2020 Housing Commission Meeting - Budget Study Session 5/13/2020 Financial Advisory Commission Meeting - Proposed General Fund and Capital Improve Program Budgets 5/19/2020 City Council Meeting - Budget Study Session #2 - (General Fund, Enterprise, and Special Revenue Funds) 6/2/2020 City Council Meeting - Budget Study Session #3 - (All Appropriations) 6/2/2020 Housing Authority Budget Study Session 6/3/2020 Financial Advisory Commission Meeting - Final review of proposed Measure G sales tax uses 6/16/2020 City Council Meeting - Adopt Operating and CIP budget 6/16/2020 Housing Authority Adopt Budget FISCAL YEAR 2020/21 BUDGET PUBLIC MEETING DATES hold a second budget study session on June 3, 2020. Each department section contains extensive notes to explain 2018/19 actuals, changes in 2019/20, and projections for 2020/21. The budget format is similar to the prior fiscal year with additional comparison summary charts provided. The Financial Advisory Commission provides oversight of Measure G sales tax revenue and has two active sub-committees reviewing the 2020/21 operating and capital improvement budgets, which allocate the use of this sales tax revenue. The 2020/21 proposed budget is being reviewed by Commissioners Mills and Rosen, while capital improvements are reviewed by Commissioners Hoffner, Batavick, and Twohey. Both committees have completed several meetings with staff to discuss the proposed budget. During this study session Commissioners are encouraged to discuss their review process and findings. The budget is a puzzle put together to deliver city services to residents and visitors alike. Community input is greatly appreciated and necessary to ensure a vibrant and inclusive budget. It is our goal to use citizen input and feedback to develop the annual budget. To encourage citizen participation in public meetings the 2020/21 budget schedule is available online at https://www.laquintaca.gov/our-city/city- departments/finance/budget/proposed-budget-2020-21-timeline and noted below. Attachment 1 provides a narrative of General Fund revenues and expenses, Internal Service Funds, and Redevelopment Agency loan repayment to the City. Line item details for these revenues and expenses are located in Exhibit A of the Attachment. ALTERNATIVES The Commission may wish to request further information regarding specific items. Prepared by: Karla Romero, Finance Director Attachment: 1. Fiscal Year 2020/21 Proposed Budget Overview 2020/21 PROPOSED BUDGET STUDY SESSION #1 The first budget study session is designed to provide an overview of the General Fund and four Internal Service Funds (ISF’s). Special Revenue, Capital, and Enterprise Funds will be presented on May 19. Exhibit A includes proposed revenue and expenditures for most City funds. The SilverRock Golf Resort Fund will be presented on May 19. We recognize now more than ever that discussions about resiliency, a vigorous local economy and a sustainable environment are vital. However, we balance this with many unknowns as a result of COVD-19 and the financial difficulties municipal and state governments are facing while also striving to maintain an appropriate service level. In formulating their budget proposals, departments were directed to evaluate all current expenditures, determine mandatory projects while holding off on process improvements, and incorporate regulatory requirements, while reducing costs and taking into consideration operational impacts from COVID-19. The proposed General Fund budget has a projected deficit of $2,899,300 which is largely attributed to loss of revenue impacts from COVID-19. The budget provides resources for public safety and daily operations and nominal capital improvements when compared to the prior fiscal year. Projections are anticipated to change before budget adoption. The final proposed budget will be structurally balanced. REVENUES The City’s top three revenue sources for the General Fund total $31,898,000 (or 63% of the total $50,738,300) and continue to be: Revenue 50,738,300$ Less Operating/CIP Expenses (49,312,600) Preliminary Budget Surplus 1,425,700 Less Measure G Reserves (4,325,000) BUDGET DEFICIT (2,899,300)$ GENERAL FUND FY 2020/21 PROPOSED BUDGET SUMMARY ATTACHMENT 1 • Sales Taxes $15,825,900 • Property Taxes $9,617,000 • Transient Occupancy Taxes (TOT) $6,455,100 However, the 2020/21 projections for these combined revenues are $7,088,600 lower than the 2019/20 adopted budget. COVID-19 is anticipated to continue having an impact on revenues with a gradual recovery over the next year or beyond. There are no fee increases, new fees, or new tax revenues anticipated for 2020/21. Revenues by category are summarized below. Sales taxes, Total budget of $15,825,900 is a decrease of $3,956,500 as compared to the adopted 2019/20 budget and $5,079,343 less as compared to 2018/19 actuals. Sales tax revenues have been reduced by 20% from the original 2019/20 budget and are as follows: $7,628,700 State sales taxes $8,197,200 Measure G taxes Property taxes - An immediate impact is not anticipated, however, if current economic conditions continue, an impact will be reflected in 2021/22. The City had increased property values and large dollar value purchases in 2019. Overall property taxes are anticipated to increase by 3% or $272,800. TOT – Hotel and short-term vacation rental (STVR) revenue is anticipated to decline by 40% or $4.2 million when compared to 2018/19 actuals. Licenses and Permits – Development related permits, business licenses, and STVR registration fees have been decreased by a range of 10% to 30% for a combined decrease of $209,600 when compared to the current FY 2019/20 budget. General Fund Revenues 2019/20 Original 2019/20 Current 2020/21 Proposed Taxes 45,530,600 40,115,600 38,616,000 License & Permits 1,315,400 1,346,400 1,136,800 Intergovernmental 8,561,600 8,572,269 8,471,900 Charges for Services 999,800 999,800 785,500 Fines & Assessment 276,500 276,500 290,000 Other/Misc. 1,163,300 1,564,300 1,438,100 Total Revenues 57,847,200 52,874,869 50,738,300 Intergovernmental – The majority of these revenues are derived from fire service property taxes restricted for fire services. Fire reserves have a current balance of $10.3 million. The proposed budget is anticipated to reduce reserves by $743,700. Charges for Services –Leisure activities, wellness center memberships, and recreational sports fees have been reduced by 40% or a combined total of 145,400. In addition, services related to building permits have been reduced by a range of 10% to 25%. Fines and Assessments – An Increase of $26,000 is anticipated for administrative citations and $5,000 for vehicle abatements. These increases are reflective of 2019/20 year to date activity, not increased enforcement measures. Use of Money & Miscellaneous – Investment pool interest earnings are anticipated to decrease by $100,000 or 13% as compared to the 2019/20 current budget. The reduction is due to lower cash balances as a result of lost revenues from COVID-19 impacts and lower investment rates under current economic conditions. EXPENSES Most contract services (except for police and fire) have been reduced. Reductions were also made to travel and training, maintenance services, and capital expenses. Non-mandated projects have been postponed. Current vacant positions and staffing levels have been incorporated into the proposed budget. However, a hiring freeze remains in place and staffing levels will continue to be evaluated before budget adoption. Police and fire contract expenses are incorporated using estimates from the County of Riverside with no staffing or service level reductions. These combined budgets are a total of $25,522,000 or 52% of the proposed General Fund budget. A summary of expenses by department is provided on the following page along with an explanation of variances. City Manager’s Office salaries and benefits in 2020/21 were partially reallocated to the Housing Authority Fund in anticipation of increased activity. Marketing and Communications incorporates the Greater Palm Springs Convention Visitor’s Bureau (GPSCVB) contribution, which was reduced by $151,700 in 2020/21 as a result of reduced transient occupancy taxes (TOT), which are used to calculate the City’s annual contract share. City Clerk professional services include expenses associated with the 2020 General Election. The fee in 2016 was $56,752. Community Resources Administration salaries and benefits in 2020/21 were partially reallocated to the Fire budget and Library and Museum Fund based on supporting services staff provides for those functions. Wellness Center Operations were reduced in anticipation of continued COVID- 19 impacts, however, increases in internal service fund allocations resulted in a minor budgetary increase. General Fund Expenditures 2019/20 Original 2019/20 Current 2020/21 Proposed Variance Current vs. Proposed % Change City Council 308,700 294,700 292,000 (2,700) -1% City Manager 883,500 861,975 725,100 (136,875) -16% Marketing & Community Relations 1,301,600 1,338,469 1,129,800 (208,669) -16% City Attorney 505,000 565,000 565,000 - 0% City Clerk 623,700 580,530 643,600 63,070 11% Human Resources 617,200 537,000 555,900 18,900 4% Police 16,866,100 16,396,100 17,508,100 1,112,000 7% Fire 7,663,600 8,254,300 8,013,900 (240,400) -3% Community Resources Admin. 911,400 912,650 700,600 (212,050) -23% Wellness Center Operations 796,400 725,720 735,800 10,080 1% Recreational Programs & Events 559,800 633,130 501,600 (131,530) -21% Code Compliance/Animal Control 1,346,300 1,279,600 1,352,200 72,600 6% Parks Maintenance 2,330,900 2,155,800 1,899,500 (256,300) -12% Public Buildings 1,109,900 1,142,200 1,321,700 179,500 16% Public Works Administration - - 722,800 722,800 0% Public Works Dev. Services 619,900 566,500 389,600 (176,900) -31% Streets 74,500 72,000 489,100 417,100 579% Engineering Services 1,229,200 1,198,865 830,700 (368,165) -31% Design & Development Admin.986,300 952,300 665,600 (286,700) -30% Planning 536,200 591,000 519,100 (71,900) -12% Building 983,100 899,100 939,000 39,900 4% The Hub 1,150,100 1,012,100 1,089,500 77,400 8% Finance 1,253,200 1,256,400 1,386,700 130,300 10% Centralized Services 2,403,300 3,127,395 2,255,700 (871,695) -28% Transfers Out (CIP/Other Funds)*10,578,600 23,856,657 4,080,000 (19,776,657) -83% Total Expenditures 55,638,500 69,209,491 49,312,600 (19,896,891) -29% Recreation Programs and Special Events community experiences were reduced in 2020/21 due to COVID-19 impacts. Cancelled events include: Brew in LQ, Toast to LQ, Tacos & Tequila, Street Food Cinema, Movies at Fritz Burn Pool, SilverRock Event Site opening gathering, Desert Youth Olympics, and the Easter Egg Hunt. Parks Maintenance landscape contract and maintenance services were reduced. Delayed improvements include laser leveling the infields at the Sports Complex, painting the light posts at Civic Center Campus, a concrete design at Adams Park, and installation of light clock timers for Citywide parks. In addition, the Fritz Burns pool operations were reallocated to Recreation Programs and Special Events budget. Public Buildings includes janitorial expenses for citywide facilities and the partial reallocation of staff from Parks Maintenance. Public Works Administration was created in fiscal year 2020/21 as a result of the Public Works/Engineering reorganization, positions and expenses were distributed from Design and Development Administration and Public Works Development Services. Public Works Development Services was reduced and reallocated in fiscal year 2020/21 as a result of the Public Works/Engineering reorganization, salaries and benefits were distributed to Public Works Administration. Streets division was expanded in fiscal year 2020/21 as a result of the Public Works/Engineering reorganization, positions and expenses were distributed from Engineering Services. Engineering Services was reduced and reallocated in fiscal year 2020/21 as a result of the Public Works/Engineering reorganization, positions were distributed from Engineering Services to Streets. Design and Development Administration in fiscal year 2020/21 salary and benefit reductions are due to a Public Works/Engineering reorganization, positions and expenses were distributed to Public Works Administration. Planning professional services are reduced; however, anticipated projects and services have been postponed including a cultural survey, a contract urban planner, and a contract landscape architect. Both contract services would have been utilized to support staff with new development proposals to ensure they meet the standards of the City. Finance includes one new position which was approved in January 2020 but remains vacant at this time. The Administration budget includes fees associated with a new trust custody account anticipated to be established in June 2020. Centralized Services includes the annual pension liability contribution of $977,100 which is a year-over-year increase of $117,100. This budget also captures citywide expenses. Annually this division’s budget fluctuates the most because it captures large one-time expenses such as Pension and OPEB (Other Post-Employment Benefits) Trust contributions, building improvements, land acquisitions, and capital improvement carryovers for multi-year projects. Capital improvements and transfers out to other funds have been reduced by $5,873,100 from the original 2019/20 budget. A summary of these fluctuations is outlined below. INTERNAL SERVICE FUNDS (ISF) ISF are used to account for activities involved in rendering services to departments within the City. Costs of materials and services used are accumulated in these funds and charged to user departments based on personnel and large equipment assigned to each. The following is a summary of expenses by ISF. Use of Transfer Out 2019/20 Original 2020/21 Proposed Change Capital Improvements (Measure G) 5,580,100$ 525,000$ (5,055,100)$ Capital Improvements (Baseline/Other)2,666,000 1,652,000 (1,014,000)$ Landscape & Lighting Fund 700,000 786,000 86,000$ Gas Tax Fund 600,000 560,000 (40,000)$ SilverRock Fund 300,000 500,000 200,000$ Art in Public Places Fund 100,000 50,000 (50,000)$ PARS Supplemental Trust Fund 5,000 5,000 -$ Deceased LQ Officers Fund 2,000 2,000 -$ TOTAL 9,953,100 4,080,000$ (5,873,100)$ TRANSFERS OUT SUMMARY Fund FY 19/20 Current FY 20/21 Proposed Variance Equipment Replacement 1,539,037 902,500 (636,537) Information Technology 1,980,600 1,685,800 (294,800) Park Equipment 975,036 595,000 (380,036) Insurance Fund 870,500 881,700 11,200 5,365,173 4,065,000 (1,300,173) Facility and park equipment purchases have been reduced. The Information Technology Fund indicates a reduction because server upgrades and a traffic signal improvement project are included in 2019/20. MEASURE G SALES TAX Measure G sales tax revenue is anticipated to be $8,700,000 and is allocated as presented below in the proposed budget. The Financial Advisory Commission is reviewing the proposed uses of Measure G revenues. Anticipated Measure G sales tax reserves available at June 30, 2021 are $11,763,375. RESERVES General Fund reserves are 88% funded after an allocation of $4.2 million in 2019/20 to combat COVID-19 revenue reductions and establish a $1.5 million Economic Relief Program for La Quinta Businesses. A summary of reserves is included below. Reserve/Trust Reserve Target Current Funding Over/(Under) Funded Annual Target Emergency Reserve Natural Disaster 10,000,000 10,000,000 - 1,500,000 Economic Disaster 11,000,000 6,800,000 (4,200,000) 1,000,000 Total 21,000,000 16,800,000 (4,200,000) 2,500,000 Cash Flow Reserve 5,000,000 5,000,000 - - Capital Replacement 10,000,000 6,540,000 (3,460,000) 1,000,000 Total Reserves 36,000,000 28,340,000 (7,660,000) 3,500,000 Pension Trust Fund 10,000,000 10,000,000 - 1,000,000 Unassigned Reserves 10,000,000 10,993,823 993,823 - Measure G Sales Tax Revenue 8,700,000$ Police Services (3,850,000) Capital Improvements (525,000) Available for Appropriation 4,325,000$ MEASURE G SALES TAX SUMMARY The City’s Last and Final Recognized Obligation Payment Schedule (ROPS) for the Successor Agency (former Redevelopment Agency) includes an annual loan repayment. For 2020/21 the total loan repayment is $3,238,833, which is allocated 80% to the General Fund ($2,591,066) and 20% ($647,767) to the Housing Authority Fund. These revenues will be recognized in unassigned reserves in each fund and are not allocated to current expenses. The final loan repayment is scheduled for fiscal year 2029/30. Remaining outstanding loan repayments after 2020/21 total $31,790,103. PUBLIC PARTICIPATION The budget is a puzzle put together to deliver city services to residents and visitors alike. Community input is greatly appreciated and necessary to ensure a vibrant and inclusive budget. It is our goal to use citizen input and feedback to develop the annual budget. The Financial Advisory Commission provides oversight of Measure G funds and has two active sub-committees reviewing the 2020/21 operating and capital improvement budgets. To encourage citizen participation in public meetings the 2020/21 budget schedule is available online at https://www.laquintaca.gov/our-city/city- departments/finance/budget/proposed-budget-2020-21-timeline and noted below. 2020 212020CITY OF LA QUINTA PROPOSED BUDGET EXHIBIT A 5/5/2020 City Council Meeting - Budget Study Session #1 - (General Fund and Internal Service Funds focus) 5/13/2020 Financial Advisory Commission Meeting - Proposed General Fund and Capital Improve Program Budgets 5/19/2020 City Council Meeting - Budget Study Session #2 - (General Fund, Enterprise, and Special Revenue Funds) 6/2/2020 City Council Meeting - Budget Study Session #3 - (All Appropriations) 6/2/2020 Housing Authority Budget Study Session 6/3/2020 Financial Advisory Commission Meeting - Final review of proposed Measure G sales tax uses 6/16/2020 City Council Meeting - Adopt Operating and CIP budget 6/16/2020 Housing Authority Adopt Budget FISCAL YEAR 2020/21 BUDGET PUBLIC MEETING DATES The annual budget process coordinates the allocation of city revenues for essential services such as police and fire, community programs and events, and capital improvement projects. The City invites you to participate and/or track public meetings regarding the fiscal year 2021/22 budget. Proposed public meeting dates are summarized below and as meetings occur budget information presented will be available online on a dedicated City webpage within the Finance Department. https://www.laquintaca.gov/our-city/city-departments/finance/budget/proposed-budget- 2020-21-timeline Questions regarding the fiscal year 2021/22 budget may be directed to finance@laquintaca.gov or by calling 760-777-7073. CITY OF LA QUINTA FY 2020/21 PROPOSED BUDGET 1 FUND #FUND NAME TOTAL REVENUES TOTAL EXPENSES SURPLUS / (DEFICIT) 101 GENERAL FUND 46,413,300 49,312,600 (2,899,300) 201 GAS TAX FUND 2,050,900 2,010,200 40,700 202 LIBRARY & MUSEUM FUND 2,890,000 2,128,500 761,500 203 PUBLIC SAFETY FUND 15,000 1,000,000 (985,000) 210 FEDERAL ASSISTANCE FUND (CDBG)141,900 141,900 - 212 SLESF (COPS)101,000 100,000 1,000 215 LIGHTING & LANDSCAPING FUND 1,892,000 1,919,100 (27,100) 220 QUIMBY FUND 80,000 - 80,000 221 AB 939 - CALRECYCLE 76,000 100,000 (24,000) 223 MEASURE A FUND 1,319,000 1,044,000 275,000 225 INFRASTRUCTURE FUND 200 - 200 226 EMERGENCY MANAGEMENT PERFORMANCE FUND 12,100 12,000 100 227 STATE HOMELAND SECURITY PROGRAM 5,000 5,000 - 230 CASp FUND, AB 1379 18,200 4,400 13,800 235 SO COAST AIR QUALITY FUND 53,000 42,200 10,800 241 HOUSING AUTHORITY FUND 563,300 804,800 (241,500) 243 RDA LOW-MOD HOUSING FUND 40,000 250,000 (210,000) 247 ECONOMIC DEVELOPMENT FUND 40,000 10,000 30,000 249 SA 2011 LOW/MOD BOND 350,000 60,000 290,000 250 TRANSPORTATION DIF 380,000 1,293,000 (913,000) 251 PARKS & RECREATION DIF 304,000 - 304,000 252 CIVIC CENTER DIF 110,000 - 110,000 253*LIBRARY DEVELOPMENT DIF 45,000 30,000 15,000 254 COMMUNITY CENTER DIF 16,500 - 16,500 255 STREET FACILITY DIF 17,000 - 17,000 256 PARK FACILITY DIF 7,100 - 7,100 257 FIRE PROTECTION DIF 55,500 - 55,500 270 ART IN PUBLIC PLACES FUND 111,000 110,000 1,000 275 LQ PUBLIC SAFETY OFFICER FUND 2,600 - 2,600 310 LQ FINANCE AUTHORITY FUND 1,100 1,100 - 401 CAPITAL IMPROVEMENT PROGRAMS 18,515,600 18,515,600 - 405 SA PA1 CAPITAL IMPROVEMENT BOND 100,000 - 100,000 501 FACILITY & FLEET REPLACEMENT FUND 931,000 902,500 28,500 502 INFORMATION TECHNOLOGY FUND 1,660,600 1,685,800 (25,200) 503 PARK EQUIP & FACILITY FUND 417,500 595,000 (177,500) 504 INSURANCE FUND 929,500 881,700 47,800 760 SUPPLEMENTAL PENSION PLAN 6,500 12,850 (6,350) 761 CERBT OPEB TRUST (HEALTH BENEFITS)60,000 1,500 58,500 762 PARS PENSION TRUST 500,000 32,000 468,000 80,231,400 83,005,750 (2,774,350) SilverRock Golf Resort Funds will be presented on 5/21/2020. SUMMARY OF REVENUES AND EXPENDITURES BY FUND FOR 2020/21 GRAND TOTAL * This funds has an outstanding inter-agency loan due to the Successor Agency. CITY OF LA QUINTA FY 2020/21 PROPOSED BUDGET 2 2018/19 Actuals 2019/20 Original 2019/20 Current 2020/21 Proposed GENERAL FUND OVERVIEW REVENUE SUMMARY Tax Revenues 47,664,927 45,530,600 40,115,600 38,616,000 Licenses & Permits 1,545,524 1,315,400 1,346,400 1,136,800 Intergovernmental 7,256,245 8,561,600 8,572,269 8,471,900 Charges for Services 1,153,487 999,800 999,800 785,500 Fines, Forfeitures & Abatements 384,308 276,500 276,500 290,000 Use of Money & Property 2,650,433 553,000 943,000 845,000 Miscellaneous 2,065,775 610,300 621,300 593,100 Transfers In 556,329 0 0 0 63,277,029 57,847,200 52,874,869 50,738,300 EXPENSE SUMMARY Salaries and Benefits 15,754,520 11,087,300 10,720,300 11,304,100 Contract Services 24,863,360 27,396,400 26,585,934 27,820,800 Maintenance & Operations 2,887,034 2,658,100 2,795,300 2,183,400 Other Expenses 15,017,488 0 0 15,000 Utilities 503,180 534,500 589,700 590,000 Capital Expenses 2,897,277 285,000 1,400,000 156,000 Internal Service Charges 2,845,000 3,098,600 2,761,600 3,163,300 Transfers Out 10,029,405 10,578,600 24,356,657 4,080,000 74,797,265 55,638,500 69,209,491 49,312,600 BUDGET SHORTFALL/(SURPLUS (11,520,236) 2,208,700 (16,334,622) 1,425,700 47,664,927 45,530,600 40,115,600 38,616,000 1,545,524 1,315,400 1,346,400 1,136,800 7,256,245 8,561,600 8,572,269 8,471,900 1,153,487 999,800 999,800 785,500 384,308 276,500 276,500 290,000 2,650,433 553,000 943,000 845,000 2,065,775 610,300 621,300 593,100 556,329 0 0 0 63,277,029 57,847,200 52,874,869 50,738,300 15,754,520 11,087,300 10,720,300 11,304,100 24,863,360 27,396,400 26,585,934 27,820,800 2,887,034 2,658,100 2,795,300 2,183,400 15,017,488 0 0 15,000 503,180 534,500 589,700 590,000 2,897,277 285,000 1,400,000 156,000 2,845,000 3,098,600 2,761,600 3,163,300 10,029,405 10,578,600 24,356,657 4,080,000 74,797,265 55,638,500 69,209,491 49,312,600 (11,520,236) 2,208,700 (16,334,622) 1,425,700 * Actual Revenue over Expenses for 2018/19 reflects a budget deficit of $11,520,236 due to two non- cash transactions recorded as expenses in FY 2018/19 for land disposals on Highway 111 and SilverRock $2,589,010 and the write-ff of four interfund loans totaling $15,017,126. ** Carryovers from 2018/19 to 2019/20 for multi-year project expenses increased the Current 2019/20 Budget (Revenues and Expenses). All approved budget adjustments during the 2019/20 fiscal year are also included in the Current 2019/20 Budget. *** Salaries and Benefits for 2018/19 the establish a Pension Trust Fund with an initial deposit of $6,540,000. * ** *** Plus CIP Savings/Reserves/Carryovers 15,635,278 0 14,433,266 0 TOTAL REVENUE SOURCES 78,912,307 57,847,200 69,208,491 50,738,300 Less Measure G Reserve Allocation 3,412,005 1,916,400 516,400 4,325,000 BUDGET SURPLUS/(DEFICIT) 703,037 292,300 (2,517,756) (2,899,300) 3 As of 4/29/2020 General Fund Revenues 2019/20 Original 2019/20 Current Variance Original vs Current 2020/21 Proposed Variance Current vs. Proposed % Change Taxes 45,530,600 40,115,600 (5,415,000) 38,616,000 (1,499,600)-4% License & Permits 1,315,400 1,346,400 31,000 1,136,800 (209,600)-16% Intergovernmental 8,561,600 8,572,269 10,669 8,471,900 (100,369)-1% Charges for Services 999,800 999,800 - 785,500 (214,300)-21% Fines & Assessment 276,500 276,500 - 290,000 13,500 5% Other/Misc. 1,163,300 1,564,300 401,000 1,438,100 (126,200)-8% Total Revenues 57,847,200 52,874,869 (4,972,331) 50,738,300 (2,136,569) -4% Capital/Operating Carryovers*- 12,598,462 12,598,462 - (12,598,462) Use of Reserves - 1,734,804 1,734,804 - (1,734,804) Measure G Reserves (1,916,400) (516,400) 1,400,000 (4,325,000) (3,808,600) Total Operating Revenues 55,930,800 66,691,735 10,760,935 46,413,300 (20,278,435) General Fund Expenditures 2019/20 Original 2019/20 Current Variance Original vs Current 2020/21 Proposed Variance Current vs. Proposed % Change City Council 308,700 294,700 (14,000) 292,000 (2,700) -1% City Manager 883,500 861,975 (21,525) 725,100 (136,875) -16% Marketing & Community Relations 1,301,600 1,338,469 36,869 1,129,800 (208,669) -16% City Attorney 505,000 565,000 60,000 565,000 - 0% City Clerk 623,700 580,530 (43,170) 643,600 63,070 11% Human Resources 617,200 537,000 (80,200) 555,900 18,900 4% Police 16,866,100 16,396,100 (470,000) 17,508,100 1,112,000 7% Fire 7,663,600 8,254,300 590,700 8,013,900 (240,400) -3% Community Resources Admin. 911,400 912,650 1,250 700,600 (212,050) -23% Wellness Center Operations 796,400 725,720 (70,680) 735,800 10,080 1% Recreational Programs & Events 559,800 633,130 73,330 501,600 (131,530) -21% Code Compliance/Animal Control 1,346,300 1,279,600 (66,700) 1,352,200 72,600 6% Parks Maintenance 2,330,900 2,155,800 (175,100) 1,899,500 (256,300) -12% Public Buildings 1,109,900 1,142,200 32,300 1,321,700 179,500 16% Public Works Administration - - - 722,800 722,800 0% Public Works Dev. Services 619,900 566,500 (53,400) 389,600 (176,900) -31% Streets 74,500 72,000 (2,500) 489,100 417,100 579% Engineering Services 1,229,200 1,198,865 (30,335) 830,700 (368,165) -31% Design & Development Admin.986,300 952,300 (34,000) 665,600 (286,700) -30% Planning 536,200 591,000 54,800 519,100 (71,900) -12% Building 983,100 899,100 (84,000) 939,000 39,900 4% The Hub 1,150,100 1,012,100 (138,000) 1,089,500 77,400 8% Finance 1,253,200 1,256,400 3,200 1,386,700 130,300 10% Centralized Services 2,403,300 3,127,395 724,095 2,255,700 (871,695) -28% Transfers Out (CIP/Other Funds)*10,578,600 23,856,657 13,278,057 4,080,000 (19,776,657) -83% Total Expenditures 55,638,500 69,209,491 13,570,991 49,312,600 (19,896,891) -29% Budget Surplus/(Deficit) 292,300 (2,517,756) (2,810,056) (2,899,300) * FY 2019/20 current budget includes multi-year capital project carryovers. FY 2019/20 Original FY 2020/21 Proposed Variance % Change Revenues 57,847,200 50,738,300 (7,108,900) -12% Expenses (55,638,500) (49,312,600) (6,325,900) 11% GENERAL FUND 2020/21 BUDGET SUMMARY 2019/20 Original Adopted Budget and 2020/21 Proposed Budget Comparison CITY OF LA QUINTA FY 2020/21 PROPOSED BUDGET 4 ESTIMATED CURRENT RESOURCES: REVENUES: TAXES 38,616,000$ LICENSES & PERMITS 1,136,800 INTERGOVERNMENTAL 8,471,900 CHARGES FOR SERVICES 785,500 FINES & ASSESSMENTS 290,000 OTHER/MISCELLANEOUS 1,438,100 TOTAL ESTIMATED CURRENT RESOURCES 50,738,300$ ESTIMATED CURRENT REQUIREMENTS: EXPENDITURES: CITY COUNCIL 292,000$ CITY MANAGER 1,854,900 CITY MANAGER 725,100 MARKETING/COMMUNITY RELATIONS 1,129,800 CITY ATTORNEY 565,000 CITY CLERK 643,600 COMMUNITY RESOURCES 29,368,100 HUMAN RESOURCES 555,900 POLICE 17,508,100 FIRE 8,013,900 CR ADMIN 700,600 WELLNESS CENTER 735,800 RECREATION PROGRAMS 501,600 CODE ENFORCEMENT 1,352,200 PUBLIC WORKS 5,653,400 PARKS MAINTENANCE 1,899,500 PUBLIC BUILDINGS 1,321,700 PUBLIC WORKS ADMINISTRATION 722,800 DEVELOPMENT SERVICES 389,600 STREETS 489,100 ENGINEERING SERVICES 830,700 DESIGN & DEVELOPMENT 3,213,200 D&D ADMIN 665,600 PLANNING 519,100 BUILDING 939,000 THE HUB 1,089,500 FISCAL SERVICES 7,722,400 FINANCE 1,386,700 CENTRAL SERVICES (Includes CIP)6,335,700 TOTAL ESTIMATED CURRENT REQUIREMENTS 49,312,600$ PRELIMINARY BUDGET SURPLUS 1,425,700$ LESS MEASURE G SALES TAX RESERVES (4,325,000) PROPOSED BUDGET SURPLUS (2,899,300)$ CITY OF LA QUINTA GENERAL FUND REVENUES AND EXPENDITURES BY DEPARTMENT/DIVISION FISCAL YEAR 2020/21 PROPOSED BUDGET CITY OF LA QUINTA FY 2020/21 PROPOSED BUDGET 5 As of 4/27/2020 Revenues 2016/17 Actual 1,462,650$ 2017/18 Actual 9,967,657 2018/19 Actual 10,958,118 2019/20 Estimated Budget 8,846,500 2020/21 Proposed 8,700,000 TOTAL 39,934,925$ Expenditures Operational Capital Reserves Total by Year 2016/17 Eisenhower Dr. Retention Basin 750,000 Measure G Reserves 16/17 (X-Park Funding)712,650 - 1,462,650 2017/18 Public Safety Fund 300,000 North La Quinta Landscape Improvements 1,802,576 Citywide Drainage Enhancements 2,407,373 La Quinta Village Road Diet Project 1,000,388 Measure G Reserves 17/18 (X-Park Funding)147,350 Measure G Reserves 17/18 (Alongi Building Improvements)800,000 Measure G Reserves 17/18 3,509,970 9,967,657 2018/19 Public Safety Fund 850,000 Public Safety Services 2,100,000 Citywide Drainage Enhancements 1,166,500 North La Quinta Landscape Improvements 2,129,613 SilverRock Event Space 1,300,000 Measure G Reserves 18/19 3,412,005 10,958,118 2019/20 Public Safety Services 2,750,000 Corporate Yard Administration/Crew Quarters 411,000 Highway 111 Corridor Improvements 1,000,000 North La Quinta Landscape Improvements 3,859,100 Village Art Plaza Promenade 310,000 Measure G Reserves 19/20 516,400 8,846,500 2020/21 Public Safety Services 3,850,000 X-Park Landscaping 275,000 Highway 111 Corridor Improvements 250,000 4,325,000 8,700,000 TOTAL 9,850,000$ 18,321,550$ 11,763,375$ 39,934,925$ 25%46%29% MEASURE G REVENUES AND EXPENDITURES SUMMARY In 2018/19, the City allocated $860,000 from Measure G reserves for the XPark. $712,650 from 2016/17 and a portion of 2017/18 ($147,350) reserves. In 2019/20, $800,000 of Measure G reserves was allocated to the SilverRock Event Site Alongi Building Improvements. CITY OF LA QUINTA FY 2020/21 PROPOSED BUDGET 6 ESTIMATED COMMITTED FUND BALANCE ESTIMATED AT 6-30-2020 LOAN PAYMENT TO GENERAL FUND FROM SUCCESSOR AGENCY OPERATING SURPLUS /(SHORTFALL) ESTIMATED AT 6-30-2021 NATURAL DISASTER 10,000,000$ 10,000,000$ ECONOMIC DISASTER 6,800,000$ 6,800,000$ CASH FLOW 5,000,000$ 5,000,000$ CAPITAL REPLACEMENT 6,540,000$ 6,540,000$ UNAPPROPRIATED 10,993,800$ 2,591,066$ 13,584,866$ TOTAL COMMITTED RESERVES 39,333,800$ 2,591,066$ $ - 41,924,866$ SUMMARY RESERVES 6/30/20 39,333,800$ NET CHANGE 2,591,066$ RESERVES 6/30/21 41,924,866$ CALCULATION FOR FORMER REDEVELOPMENT AGENCY LOAN REPAYMENT FY 2020/21 Approved Repayment Fund Total Repayment Distribution % Distribution $ General Fund 3,238,833$ x 80% =2,591,066 Housing Fund 3,238,833$ x 20% =647,767 3,238,833$ ESTIMATED ASSIGNED FUND BALANCE ESTIMATED AT 6-30-2020 ADDITIONS DELETIONS ESTIMATED AT 6-30-2021 SALES TAX (MEASURE G)7,438,375$ 4,325,000$ 11,763,375$ PUBLIC SAFETY FIRE SERVICE TRUST 10,000,000$ (743,700)$ 9,256,300$ CARRYOVERS AND CAPITAL PROJECTS (GENERAL FUND ONLY) 13,000,000$ 13,000,000$ PENSION TRUST FUND 10,500,000$ 500,000$ 11,000,000$ OTHER POST EMPLOYMENT BENEFITS TRUST FUND 1,800,000$ 60,000$ 1,860,000$ TOTAL ASSIGNED RESERVES 42,738,375$ 4,885,000$ (743,700)$ 46,879,675$ CITY OF LA QUINTA GENERAL FUND RESERVES OVERVIEW Based on Proposed Budget for 2020/21 ESTIMATED FOR 6-30-2021 Net change, $2,591,066 CITY OF LA QUINTA FY 2020/21 PROPOSED BUDGET 7 This page intentionally left blank. 8 2018/19 Actuals 2019/20 Original 2019/20 Current 2020/21 Proposed 20/21 vs. Current 19/20 Salaries and Benefits 15,754,520 11,087,300 10,720,300 11,304,100 583,800 Contract Services 24,863,360 27,396,400 26,585,934 27,820,800 1,234,866 Maintenance & Operations 2,887,034 2,658,100 2,795,300 2,183,400 (611,900) Other Expenses 15,017,488 0 0 15,000 15,000 Utilities 503,180 534,500 589,700 590,000 300 Capital Expenses 2,897,277 285,000 1,400,000 156,000 (1,244,000) Internal Service Charges 2,845,000 3,098,600 2,761,600 3,163,300 401,700 Transfers Out 10,029,405 10,578,600 24,356,657 4,080,000 (20,276,657) GENERAL FUND EXPENSES 74,797,265 55,638,500 69,209,491 49,312,600 (19,896,891) 15,754,520 11,087,300 10,720,300 11,304,100 583,800 24,863,360 27,396,400 26,585,934 27,820,800 1,234,866 2,887,034 2,658,100 2,795,300 2,183,400 (611,900) 15,017,488 0 0 15,000 15,000 503,180 534,500 589,700 590,000 300 2,897,277 285,000 1,400,000 156,000 (1,244,000) 2,845,000 3,098,600 2,761,600 3,163,300 401,700 10,029,405 10,578,600 24,356,657 4,080,000 (20,276,657) 74,797,265 55,638,500 69,209,491 49,312,600 (19,896,891) CITY OF LA QUINTA GENERAL FUND HISTORICAL EXPENSE SUMMARY BY CATEGORY FY 2020/21 PROPOSED BUDGET 9 2018/19 Actuals 2019/20 Original 2019/20 Current 2020/21 Proposed 20/21 vs. Current 19/20 1001 - City Council 277,235 308,700 294,700 292,000 (2,700) Salaries and Benefits 236,827 272,800 272,800 273,500 700 Maintenance & Operations 40,409 35,900 21,900 18,500 (3,400) 1002 - City Manager 887,662 883,500 861,975 725,100 (136,875) Salaries and Benefits 647,975 616,900 600,275 471,400 (128,875) Contract Services 106,225 105,000 105,000 87,000 (18,000) Maintenance & Operations 96,763 101,000 96,100 110,000 13,900 Internal Service Charges 36,700 60,600 60,600 56,700 (3,900) 1003 - City Attorney 509,738 505,000 565,000 565,000 0 Contract Services 509,738 505,000 565,000 565,000 0 1004 - Human Resources 528,995 617,200 537,000 555,900 18,900 Salaries and Benefits 324,867 367,400 361,900 402,300 40,400 Contract Services 80,540 96,500 46,500 26,500 (20,000) Maintenance & Operations 100,289 112,000 87,300 77,000 (10,300) Internal Service Charges 23,300 41,300 41,300 50,100 8,800 1005 - City Clerk 541,059 623,700 580,530 643,600 63,070 Salaries and Benefits 352,912 398,300 452,530 466,300 13,770 Contract Services 127,298 147,000 52,100 99,000 46,900 Maintenance & Operations 18,349 24,700 22,200 13,200 (9,000) Internal Service Charges 42,500 53,700 53,700 65,100 11,400 1006 - Finance 1,055,104 1,253,200 1,256,400 1,386,700 130,300 Salaries and Benefits 791,787 910,100 956,000 1,046,200 90,200 Contract Services 133,813 200,000 161,300 174,500 13,200 Maintenance & Operations 37,503 35,200 31,200 17,500 (13,700) Internal Service Charges 92,000 107,900 107,900 148,500 40,600 1007 - Central Services 36,101,167 12,981,900 26,984,052 6,335,700 (20,648,352) Salaries and Benefits 7,420,590 1,453,000 1,127,095 1,278,100 151,005 Maintenance & Operations 197,420 223,200 223,200 201,200 (22,000) Other Expenses 15,017,126 0 0 0 0 Capital Expenses 2,755,926 60,000 1,110,000 5,000 (1,105,000) Internal Service Charges 680,700 667,100 667,100 771,400 104,300 Transfers Out 10,029,405 10,578,600 23,856,657 4,080,000 (19,776,657) 2001 - Police 15,656,713 16,866,100 16,396,100 17,508,100 1,112,000 Contract Services 15,590,110 16,753,000 16,253,000 17,414,300 1,161,300 Maintenance & Operations 16,132 12,500 12,500 18,000 5,500 Utilities 11,471 14,000 14,000 14,000 0 Capital Expenses 0 35,000 65,000 6,000 (59,000) Internal Service Charges 39,000 51,600 51,600 55,800 4,200 2002 - Fire 6,677,844 7,663,600 8,254,300 8,013,900 (240,400) Salaries and Benefits 72,335 194,000 194,000 277,400 83,400 Contract Services 6,244,079 7,019,700 7,019,700 7,211,100 191,400 Maintenance & Operations 89,149 149,700 205,400 204,100 (1,300) Other Expenses 362 0 0 0 0 Utilities 62,670 83,000 83,000 83,000 0 Capital Expenses 139,649 135,000 170,000 145,000 (25,000) Internal Service Charges 69,600 82,200 82,200 93,300 11,100 Transfers Out 0 0 500,000 0 (500,000) 3001 - Community Resources Administration 787,129 911,400 912,650 700,600 (212,050) Salaries and Benefits 592,466 624,300 635,050 496,400 (138,650) Contract Services 48,032 97,000 93,000 67,000 (26,000) Maintenance & Operations 100,031 128,100 122,600 78,800 (43,800) Internal Service Charges 46,600 62,000 62,000 58,400 (3,600) 3002 - Wellness Center Operations 560,154 796,400 725,720 735,800 10,080 Salaries and Benefits 371,164 565,600 561,920 565,900 3,980 277,235 308,700 294,700 292,000 (2,700) 236,827 272,800 272,800 273,500 700 40,409 35,900 21,900 18,500 (3,400) 887,662 883,500 861,975 725,100 (136,875) 647,975 616,900 600,275 471,400 (128,875) 106,225 105,000 105,000 87,000 (18,000) 96,763 101,000 96,100 110,000 13,900 36,700 60,600 60,600 56,700 (3,900) 509,738 505,000 565,000 565,000 0 509,738 505,000 565,000 565,000 0 528,995 617,200 537,000 555,900 18,900 324,867 367,400 361,900 402,300 40,400 80,540 96,500 46,500 26,500 (20,000) 100,289 112,000 87,300 77,000 (10,300) 23,300 41,300 41,300 50,100 8,800 541,059 623,700 580,530 643,600 63,070 352,912 398,300 452,530 466,300 13,770 127,298 147,000 52,100 99,000 46,900 18,349 24,700 22,200 13,200 (9,000) 42,500 53,700 53,700 65,100 11,400 1,055,104 1,253,200 1,256,400 1,386,700 130,300 791,787 910,100 956,000 1,046,200 90,200 133,813 200,000 161,300 174,500 13,200 37,503 35,200 31,200 17,500 (13,700) 92,000 107,900 107,900 148,500 40,600 36,101,167 12,981,900 26,984,052 6,335,700 (20,648,352) 7,420,590 1,453,000 1,127,095 1,278,100 151,005 197,420 223,200 223,200 201,200 (22,000) 15,017,126 0 0 0 0 2,755,926 60,000 1,110,000 5,000 (1,105,000) 680,700 667,100 667,100 771,400 104,300 10,029,405 10,578,600 23,856,657 4,080,000 (19,776,657) 15,656,713 16,866,100 16,396,100 17,508,100 1,112,000 15,590,110 16,753,000 16,253,000 17,414,300 1,161,300 16,132 12,500 12,500 18,000 5,500 11,471 14,000 14,000 14,000 0 0 35,000 65,000 6,000 (59,000) 39,000 51,600 51,600 55,800 4,200 6,677,844 7,663,600 8,254,300 8,013,900 (240,400) 72,335 194,000 194,000 277,400 83,400 6,244,079 7,019,700 7,019,700 7,211,100 191,400 89,149 149,700 205,400 204,100 (1,300) 362 0 0 0 0 62,670 83,000 83,000 83,000 0 139,649 135,000 170,000 145,000 (25,000) 69,600 82,200 82,200 93,300 11,100 0 0 500,000 0 (500,000) 787,129 911,400 912,650 700,600 (212,050) 592,466 624,300 635,050 496,400 (138,650) 48,032 97,000 93,000 67,000 (26,000) 100,031 128,100 122,600 78,800 (43,800) 46,600 62,000 62,000 58,400 (3,600) 560,154 796,400 725,720 735,800 10,080 371,164 565,600 561,920 565,900 3,980 CITY OF LA QUINTA GENERAL FUND EXPENSE SUMMARY DEPARTMENT FY 2020/21 PROPOSED BUDGET 10 2018/19 Actuals 2019/20 Original 2019/20 Current 2020/21 Proposed 20/21 vs. Current 19/20 Contract Services 72,136 99,300 54,300 37,300 (17,000) Maintenance & Operations 59,754 68,500 46,500 43,500 (3,000) Internal Service Charges 57,100 63,000 63,000 89,100 26,100 3003 - Recreation Programs & Special Events 395,602 559,800 633,130 501,600 (131,530) Salaries and Benefits 137,341 200,500 203,830 221,600 17,770 Contract Services 0 0 0 30,000 30,000 Maintenance & Operations 213,961 316,300 386,300 202,000 (184,300) Internal Service Charges 44,300 43,000 43,000 48,000 5,000 3005 - Parks Maintenance 2,120,846 2,330,900 2,155,800 1,899,500 (256,300) Salaries and Benefits 471,310 346,400 346,400 374,800 28,400 Contract Services 430,720 502,700 502,700 452,400 (50,300) Maintenance & Operations 192,229 410,600 532,500 266,500 (266,000) Utilities 277,287 296,500 336,500 337,000 500 Internal Service Charges 749,300 774,700 437,700 468,800 31,100 3007 - Marketing & Community Relations 1,194,173 1,301,600 1,338,469 1,129,800 (208,669) Salaries and Benefits 140,609 231,400 231,400 234,600 3,200 Contract Services 241,288 297,000 331,369 189,700 (141,669) Maintenance & Operations 800,577 745,600 748,100 672,100 (76,000) Internal Service Charges 11,700 27,600 27,600 33,400 5,800 3008 - Public Buildings 1,849,202 1,109,900 1,142,200 1,321,700 179,500 Salaries and Benefits 459,367 417,200 418,300 531,800 113,500 Contract Services 145,600 152,000 152,000 177,500 25,500 Maintenance & Operations 821,080 121,500 137,500 130,500 (7,000) Utilities 151,753 141,000 156,200 156,000 (200) Capital Expenses 1,702 0 0 0 0 Internal Service Charges 269,700 278,200 278,200 325,900 47,700 6001 - Design & Development Administration 981,828 986,300 952,300 665,600 (286,700) Salaries and Benefits 711,701 761,500 736,500 489,400 (247,100) Contract Services 83,990 44,000 44,000 35,000 (9,000) Maintenance & Operations 21,937 25,400 16,400 11,900 (4,500) Internal Service Charges 164,200 155,400 155,400 129,300 (26,100) 6002 - Planning 593,792 536,200 591,000 519,100 (71,900) Salaries and Benefits 292,449 367,400 367,400 377,900 10,500 Contract Services 244,177 100,000 168,800 80,000 (88,800) Maintenance & Operations 22,166 27,500 13,500 11,100 (2,400) Internal Service Charges 35,000 41,300 41,300 50,100 8,800 6003 - Building 711,820 983,100 899,100 939,000 39,900 Salaries and Benefits 518,156 635,300 635,300 698,200 62,900 Contract Services 79,281 200,000 125,000 100,000 (25,000) Maintenance & Operations 7,284 21,000 12,000 10,500 (1,500) Internal Service Charges 107,100 126,800 126,800 130,300 3,500 6004 - Code Compliance/Animal Control 1,084,144 1,346,300 1,279,600 1,352,200 72,600 Salaries and Benefits 696,076 824,700 799,000 846,900 47,900 Contract Services 210,935 308,000 274,000 264,500 (9,500) Maintenance & Operations 14,132 28,800 21,800 16,900 (4,900) Internal Service Charges 163,000 184,800 184,800 223,900 39,100 6006 - The Hub 786,722 1,150,100 1,012,100 1,089,500 77,400 Salaries and Benefits 656,141 810,100 760,100 844,300 84,200 Contract Services 59,620 205,000 121,000 100,000 (21,000) Maintenance & Operations 6,861 24,800 20,800 11,700 (9,100) Internal Service Charges 64,100 110,200 110,200 133,500 23,300 7001 - Public Works Administration 0 0 0 722,800 722,800 Salaries and Benefits 0 0 0 485,100 485,100 Contract Services 0 0 0 150,000 150,000 72,136 99,300 54,300 37,300 (17,000) 59,754 68,500 46,500 43,500 (3,000) 57,100 63,000 63,000 89,100 26,100 395,602 559,800 633,130 501,600 (131,530) 137,341 200,500 203,830 221,600 17,770 0 0 0 30,000 30,000 213,961 316,300 386,300 202,000 (184,300) 44,300 43,000 43,000 48,000 5,000 2,120,846 2,330,900 2,155,800 1,899,500 (256,300) 471,310 346,400 346,400 374,800 28,400 430,720 502,700 502,700 452,400 (50,300) 192,229 410,600 532,500 266,500 (266,000) 277,287 296,500 336,500 337,000 500 749,300 774,700 437,700 468,800 31,100 1,194,173 1,301,600 1,338,469 1,129,800 (208,669) 140,609 231,400 231,400 234,600 3,200 241,288 297,000 331,369 189,700 (141,669) 800,577 745,600 748,100 672,100 (76,000) 11,700 27,600 27,600 33,400 5,800 1,849,202 1,109,900 1,142,200 1,321,700 179,500 459,367 417,200 418,300 531,800 113,500 145,600 152,000 152,000 177,500 25,500 821,080 121,500 137,500 130,500 (7,000) 151,753 141,000 156,200 156,000 (200) 1,702 0 0 0 0 269,700 278,200 278,200 325,900 47,700 981,828 986,300 952,300 665,600 (286,700) 711,701 761,500 736,500 489,400 (247,100) 83,990 44,000 44,000 35,000 (9,000) 21,937 25,400 16,400 11,900 (4,500) 164,200 155,400 155,400 129,300 (26,100) 593,792 536,200 591,000 519,100 (71,900) 292,449 367,400 367,400 377,900 10,500 244,177 100,000 168,800 80,000 (88,800) 22,166 27,500 13,500 11,100 (2,400) 35,000 41,300 41,300 50,100 8,800 711,820 983,100 899,100 939,000 39,900 518,156 635,300 635,300 698,200 62,900 79,281 200,000 125,000 100,000 (25,000) 7,284 21,000 12,000 10,500 (1,500) 107,100 126,800 126,800 130,300 3,500 1,084,144 1,346,300 1,279,600 1,352,200 72,600 696,076 824,700 799,000 846,900 47,900 210,935 308,000 274,000 264,500 (9,500) 14,132 28,800 21,800 16,900 (4,900) 163,000 184,800 184,800 223,900 39,100 786,722 1,150,100 1,012,100 1,089,500 77,400 656,141 810,100 760,100 844,300 84,200 59,620 205,000 121,000 100,000 (21,000) 6,861 24,800 20,800 11,700 (9,100) 64,100 110,200 110,200 133,500 23,300 0 0 0 722,800 722,800 0 0 0 485,100 485,100 0 0 0 150,000 150,000 CITY OF LA QUINTA GENERAL FUND EXPENSE SUMMARY DEPARTMENT FY 2020/21 PROPOSED BUDGET 11 2018/19 Actuals 2019/20 Original 2019/20 Current 2020/21 Proposed 20/21 vs. Current 19/20 Maintenance & Operations 0 0 0 20,900 20,900 Internal Service Charges 0 0 0 66,800 66,800 7002 - Public Works Development Services 536,055 619,900 566,500 389,600 (176,900) Salaries and Benefits 323,557 330,600 332,200 149,600 (182,600) Contract Services 143,296 210,000 160,000 190,000 30,000 Maintenance & Operations 1,602 8,500 3,500 2,000 (1,500) Internal Service Charges 67,600 70,800 70,800 48,000 (22,800) 7003 - Streets 21,794 74,500 72,000 489,100 417,100 Salaries and Benefits 0 0 0 313,700 313,700 Contract Services 0 200 200 75,000 74,800 Maintenance & Operations 21,794 19,300 16,800 35,300 18,500 Other Expenses 0 0 0 15,000 15,000 Capital Expenses 0 55,000 55,000 0 (55,000) Internal Service Charges 0 0 0 50,100 50,100 7006 - Engineering Services 938,487 1,229,200 1,198,865 830,700 (368,165) Salaries and Benefits 536,891 759,800 728,300 458,700 (269,600) Contract Services 312,483 355,000 356,965 295,000 (61,965) Maintenance & Operations 7,613 18,000 17,200 10,200 (7,000) Internal Service Charges 81,500 96,400 96,400 66,800 (29,600) GENERAL FUND EXPENSES 74,797,265 55,638,500 69,209,491 49,312,600 (19,896,891) 0 0 0 20,900 20,900 0 0 0 66,800 66,800 536,055 619,900 566,500 389,600 (176,900) 323,557 330,600 332,200 149,600 (182,600) 143,296 210,000 160,000 190,000 30,000 1,602 8,500 3,500 2,000 (1,500) 67,600 70,800 70,800 48,000 (22,800) 21,794 74,500 72,000 489,100 417,100 0 0 0 313,700 313,700 0 200 200 75,000 74,800 21,794 19,300 16,800 35,300 18,500 0 0 0 15,000 15,000 0 55,000 55,000 0 (55,000) 0 0 0 50,100 50,100 938,487 1,229,200 1,198,865 830,700 (368,165) 536,891 759,800 728,300 458,700 (269,600) 312,483 355,000 356,965 295,000 (61,965) 7,613 18,000 17,200 10,200 (7,000) 81,500 96,400 96,400 66,800 (29,600) 74,797,265 55,638,500 69,209,491 49,312,600 (19,896,891) CITY OF LA QUINTA GENERAL FUND EXPENSE SUMMARY DEPARTMENT FY 2020/21 PROPOSED BUDGET 12 2018/19 Actuals 2019/20 Original 2019/20 Current 2020/21 Proposed 20/21 vs. Current 19/20 1002 - City Manager 106,225 105,000 105,000 87,000 (18,000) 1003 - City Attorney 509,738 505,000 565,000 565,000 0 1004 - Human Resources 80,540 96,500 46,500 26,500 (20,000) 1005 - City Clerk 127,298 147,000 52,100 99,000 46,900 1006 - Finance 133,813 200,000 161,300 174,500 13,200 2001 - Police 15,590,110 16,753,000 16,253,000 17,414,300 1,161,300 2002 - Fire 6,244,079 7,019,700 7,019,700 7,211,100 191,400 3001 - Community Resources Adminis 48,032 97,000 93,000 67,000 (26,000) 3002 - Wellness Center Operations 72,136 99,300 54,300 37,300 (17,000) 3003 - Recreation Programs & Specia 0 0 0 30,000 30,000 3005 - Parks Maintenance 430,720 502,700 502,700 452,400 (50,300) 3007 - Marketing & Community Relati 241,288 297,000 331,369 189,700 (141,669) 3008 - Public Buildings 145,600 152,000 152,000 177,500 25,500 6001 - Design & Development Admini 83,990 44,000 44,000 35,000 (9,000) 6002 - Planning 244,177 100,000 168,800 80,000 (88,800) 6003 - Building 79,281 200,000 125,000 100,000 (25,000) 6004 - Code Compliance/Animal Cont 210,935 308,000 274,000 264,500 (9,500) 6006 - The Hub 59,620 205,000 121,000 100,000 (21,000) 7001 - Public Works Administration 0 0 0 150,000 150,000 7002 - Public Works Development Ser 143,296 210,000 160,000 190,000 30,000 7003 - Streets 0 200 200 75,000 74,800 7006 - Engineering Services 312,483 355,000 356,965 295,000 (61,965) CONTRACT SERVICES TOTAL 24,863,360 27,396,400 26,585,934 27,820,800 1,234,866 106,225 105,000 105,000 87,000 (18,000) 509,738 505,000 565,000 565,000 0 80,540 96,500 46,500 26,500 (20,000) 127,298 147,000 52,100 99,000 46,900 133,813 200,000 161,300 174,500 13,200 15,590,110 16,753,000 16,253,000 17,414,300 1,161,300 6,244,079 7,019,700 7,019,700 7,211,100 191,400 48,032 97,000 93,000 67,000 (26,000) 72,136 99,300 54,300 37,300 (17,000) 0 0 0 30,000 30,000 430,720 502,700 502,700 452,400 (50,300) 241,288 297,000 331,369 189,700 (141,669) 145,600 152,000 152,000 177,500 25,500 83,990 44,000 44,000 35,000 (9,000) 244,177 100,000 168,800 80,000 (88,800) 79,281 200,000 125,000 100,000 (25,000) 210,935 308,000 274,000 264,500 (9,500) 59,620 205,000 121,000 100,000 (21,000) 0 0 0 150,000 150,000 143,296 210,000 160,000 190,000 30,000 0 200 200 75,000 74,800 312,483 355,000 356,965 295,000 (61,965) 24,863,360 27,396,400 26,585,934 27,820,800 1,234,866 CITY OF LA QUINTA GENERAL FUND CONTRACT SERVICES SUMMARIZED FY 2020/21 PROPOSED BUDGET 13 2018/19 Actuals 2019/20 Original 2019/20 Current 2020/21 Proposed 20/21 vs. Current 19/20 1002 - City Manager 91,095 98,000 98,000 80,000 (18,000)101-1002-60101 Contract Services - Admin 15,130 7,000 7,000 7,000 0101-1002-60103 Professional Services 1002 - City Manager Totals:106,225 105,000 105,000 87,000 (18,000) 1003 - City Attorney 479,726 460,000 520,000 520,000 0101-1003-60153 Attorney 30,012 45,000 45,000 45,000 0101-1003-60154 Attorney/Litigation 1003 - City Attorney Totals:509,738 505,000 565,000 565,000 0 1004 - Human Resources 56,985 80,000 30,000 10,000 (20,000)101-1004-60103 Professional Services 15,323 16,500 16,500 16,500 0101-1004-60104 Consultants 8,232 0 0 0 0101-1004-60125 Temporary Agency Servic 1004 - Human Resources Totals:80,540 96,500 46,500 26,500 (20,000) 1005 - City Clerk 104,815 100,000 51,100 99,000 47,900101-1005-60103 Professional Services 22,483 47,000 1,000 0 (1,000)101-1005-60125 Temporary Agency Servic 1005 - City Clerk Totals:127,298 147,000 52,100 99,000 46,900 1006 - Finance 3,848 25,000 10,000 20,000 10,000101-1006-60102 Administration 38,903 55,000 46,300 49,000 2,700101-1006-60103 Professional Services 29,844 40,000 40,000 40,000 0101-1006-60104 Consultants 52,450 65,000 65,000 65,000 0101-1006-60106 Auditors 0 0 0 500 500101-1006-60122 Credit Card Fees 8,768 15,000 0 0 0101-1006-60125 Temporary Agency Servic 1006 - Finance Totals:133,813 200,000 161,300 174,500 13,200 2001 - Police 23,050 24,000 24,000 30,000 6,000101-2001-60103 Professional Services 11,003 10,000 10,000 10,000 0101-2001-60109 LQ Police Volunteers 8,959,627 9,680,000 9,180,000 9,822,600 642,600101-2001-60161 Sheriff Patrol 313,076 326,300 326,300 349,200 22,900101-2001-60162 Police Overtime 1,886,697 1,916,500 1,916,500 2,050,700 134,200101-2001-60163 Target Team 761,593 815,500 815,500 872,600 57,100101-2001-60164 Community Services Offic 49,340 58,000 58,000 106,000 48,000101-2001-60165 Special Enforcement/City 177,091 189,500 189,500 202,800 13,300101-2001-60166 Gang Task Force 177,091 189,500 189,500 202,800 13,300101-2001-60167 Narcotics Task Force 96,567 182,000 182,000 194,800 12,800101-2001-60168 School Officer 1,300,891 1,406,500 1,406,500 1,505,000 98,500101-2001-60169 Motor Officer 494,805 531,600 531,600 568,800 37,200101-2001-60170 Dedicated Sargeants 277,455 297,200 297,200 318,000 20,800101-2001-60171 Dedicated Lieutenant 447,846 488,700 488,700 490,000 1,300101-2001-60172 Sheriff - Mileage 0 18,000 18,000 18,000 0101-2001-60173 Booking Fees 19,182 12,000 12,000 30,000 18,000101-2001-60174 Blood/Alcohol Testing 147,720 95,000 95,000 95,000 0101-2001-60175 Special Enforcement Fund 437,540 504,700 504,700 540,000 35,300101-2001-60176 Sheriff - Other 9,538 8,000 8,000 8,000 0101-2001-60193 Sexual Assault Exam Fees 2001 - Police Totals:15,590,110 16,753,000 16,253,000 17,414,300 1,161,300 2002 - Fire 0 26,000 26,000 26,000 0101-2002-60103 Professional Services 1,178 2,000 2,000 3,500 1,500101-2002-60110 Volunteers - Fire 13,376 17,600 17,600 17,600 0101-2002-60112 Landscape Contract 2,504 2,600 2,600 2,600 0101-2002-60116 Pest Control 1,104 2,500 2,500 2,500 0101-2002-60123 Security & Alarm 5,994,794 6,659,000 6,659,000 6,828,900 169,900101-2002-60139 Fire Service Costs 231,122 250,000 250,000 250,000 0101-2002-60140 MOU - Indio Ladder Truck 0 60,000 60,000 80,000 20,000101-2002-60525 Golf Tournament 2002 - Fire Totals:6,244,079 7,019,700 7,019,700 7,211,100 191,400 3001 - Community Resources Administrati 0 25,000 25,000 0 (25,000)101-3001-60101 Contract Services 91,095 98,000 98,000 80,000 (18,000) 15,130 7,000 7,000 7,000 0 106,225 105,000 105,000 87,000 (18,000) 479,726 460,000 520,000 520,000 0 30,012 45,000 45,000 45,000 0 509,738 505,000 565,000 565,000 0 56,985 80,000 30,000 10,000 (20,000) 15,323 16,500 16,500 16,500 0 8,232 0 0 0 0 80,540 96,500 46,500 26,500 (20,000) 104,815 100,000 51,100 99,000 47,900 22,483 47,000 1,000 0 (1,000) 127,298 147,000 52,100 99,000 46,900 3,848 25,000 10,000 20,000 10,000 38,903 55,000 46,300 49,000 2,700 29,844 40,000 40,000 40,000 0 52,450 65,000 65,000 65,000 0 0 0 0 500 500 8,768 15,000 0 0 0 133,813 200,000 161,300 174,500 13,200 23,050 24,000 24,000 30,000 6,000 11,003 10,000 10,000 10,000 0 8,959,627 9,680,000 9,180,000 9,822,600 642,600 313,076 326,300 326,300 349,200 22,900 1,886,697 1,916,500 1,916,500 2,050,700 134,200 761,593 815,500 815,500 872,600 57,100 49,340 58,000 58,000 106,000 48,000 177,091 189,500 189,500 202,800 13,300 177,091 189,500 189,500 202,800 13,300 96,567 182,000 182,000 194,800 12,800 1,300,891 1,406,500 1,406,500 1,505,000 98,500 494,805 531,600 531,600 568,800 37,200 277,455 297,200 297,200 318,000 20,800 447,846 488,700 488,700 490,000 1,300 0 18,000 18,000 18,000 0 19,182 12,000 12,000 30,000 18,000 147,720 95,000 95,000 95,000 0 437,540 504,700 504,700 540,000 35,300 9,538 8,000 8,000 8,000 0 15,590,110 16,753,000 16,253,000 17,414,300 1,161,300 0 26,000 26,000 26,000 0 1,178 2,000 2,000 3,500 1,500 13,376 17,600 17,600 17,600 0 2,504 2,600 2,600 2,600 0 1,104 2,500 2,500 2,500 0 5,994,794 6,659,000 6,659,000 6,828,900 169,900 231,122 250,000 250,000 250,000 0 0 60,000 60,000 80,000 20,000 6,244,079 7,019,700 7,019,700 7,211,100 191,400 0 25,000 25,000 0 (25,000) CITY OF LA QUINTA GENERAL FUND CONTRACT SERVICES DETAILED FY 2020/21 PROPOSED BUDGET 14 2018/19 Actuals 2019/20 Original 2019/20 Current 2020/21 Proposed 20/21 vs. Current 19/20 1,160 5,000 1,000 0 (1,000)101-3001-60103 Professional Services 6,872 7,000 7,000 7,000 0101-3001-60122 Credit Card Fees 40,000 60,000 60,000 60,000 0101-3001-60135 Boys & Girls Club mmunity Resources Administration Totals:48,032 97,000 93,000 67,000 (26,000) 3002 - Wellness Center Operations 2,500 4,300 4,300 4,300 0101-3002-60103 Professional Services 66,636 92,000 47,000 30,000 (17,000)101-3002-60107 Instructors 3,000 3,000 3,000 3,000 0101-3002-60108 Technical 3002 - Wellness Center Operations Totals:72,136 99,300 54,300 37,300 (17,000) 3003 - Recreation Programs & Special Eve 0 0 0 30,000 30,000101-3003-60184 Fritz Burns Pool Programm creation Programs & Special Events Totals:0 0 0 30,000 30,000 3005 - Parks Maintenance 1000 0101-3005-60104 Consultants 430,212 502,700 502,700 452,400 (50,300)101-3005-60112 Landscape Contract 312 0 0 0 0101-3005-60113 Landscape Improvements 195 0 0 0 0101-3005-60115 Janitorial 3005 - Parks Maintenance Totals:430,720 502,700 502,700 452,400 (50,300) 3007 - Marketing & Community Relations 0 10,000 5,000 10,000 5,000101-3007-60134 Promotional Items 0 0 5,669 10,700 5,031101-3007-60137 Community Engagement 241,288 287,000 320,700 169,000 (151,700)101-3007-60151 GPSCVB Marketing & Community Relations Totals:241,288 297,000 331,369 189,700 (141,669) 3008 - Public Buildings 125,861 136,000 136,000 155,000 19,000101-3008-60115 Janitorial 4,326 4,000 4,000 7,000 3,000101-3008-60116 Pest Control 10,985 8,000 8,000 11,000 3,000101-3008-60123 Security & Alarm 4,428 4,000 4,000 4,500 500101-3008-60196 Annual Permits/Inspection 3008 - Public Buildings Totals:145,600 152,000 152,000 177,500 25,500 6001 - Design & Development Administrat 36,761 0 0 0 0101-6001-60103 Professional Services 17,559 25,000 25,000 15,000 (10,000)101-6001-60104 Consultants 29,670 19,000 19,000 20,000 1,000101-6001-60122 Credit Card Fees sign & Development Administration Totals:83,990 44,000 44,000 35,000 (9,000) 6002 - Planning 244,177 100,000 168,800 80,000 (88,800)101-6002-60103 Professional Services 6002 - Planning Totals:244,177 100,000 168,800 80,000 (88,800) 6003 - Building 79,281 200,000 125,000 100,000 (25,000)101-6003-60118 Plan Checks 6003 - Building Totals:79,281 200,000 125,000 100,000 (25,000) 6004 - Code Compliance/Animal Control 18,860 45,000 15,000 5,000 (10,000)101-6004-60103 Professional Services 185 2,000 2,000 2,000 0101-6004-60108 Technical 19,579 25,000 25,000 15,000 (10,000)101-6004-60111 Administrative Citation Se 400 1,000 1,000 1,000 0101-6004-60119 Vehicle Abatement 8,312 20,000 20,000 1,000 (19,000)101-6004-60120 Lot Cleaning/Gravel Progr 0 0 0 500 500101-6004-60122 Credit Card Fees 8,903 10,000 6,000 0 (6,000)101-6004-60125 Temporary Agency Servi 10,500 15,000 15,000 15,000 0101-6004-60194 Veterinary Service 144,196 190,000 190,000 225,000 35,000101-6004-60197 Animal Shelter Contract S - Code Compliance/Animal Control Totals:210,935 308,000 274,000 264,500 (9,500) 1,160 5,000 1,000 0 (1,000) 6,872 7,000 7,000 7,000 0 40,000 60,000 60,000 60,000 0 48,032 97,000 93,000 67,000 (26,000) 2,500 4,300 4,300 4,300 0 66,636 92,000 47,000 30,000 (17,000) 3,000 3,000 3,000 3,000 0 72,136 99,300 54,300 37,300 (17,000) 0 0 0 30,000 30,000 0 0 0 30,000 30,000 1000 0 430,212 502,700 502,700 452,400 (50,300) 312 0 0 0 0 195 0 0 0 0 430,720 502,700 502,700 452,400 (50,300) 0 10,000 5,000 10,000 5,000 0 0 5,669 10,700 5,031 241,288 287,000 320,700 169,000 (151,700) 241,288 297,000 331,369 189,700 (141,669) 125,861 136,000 136,000 155,000 19,000 4,326 4,000 4,000 7,000 3,000 10,985 8,000 8,000 11,000 3,000 4,428 4,000 4,000 4,500 500 145,600 152,000 152,000 177,500 25,500 36,761 0 0 0 0 17,559 25,000 25,000 15,000 (10,000) 29,670 19,000 19,000 20,000 1,000 83,990 44,000 44,000 35,000 (9,000) 244,177 100,000 168,800 80,000 (88,800) 244,177 100,000 168,800 80,000 (88,800) 79,281 200,000 125,000 100,000 (25,000) 79,281 200,000 125,000 100,000 (25,000) 18,860 45,000 15,000 5,000 (10,000) 185 2,000 2,000 2,000 0 19,579 25,000 25,000 15,000 (10,000) 400 1,000 1,000 1,000 0 8,312 20,000 20,000 1,000 (19,000) 0 0 0 500 500 8,903 10,000 6,000 0 (6,000) 10,500 15,000 15,000 15,000 0 144,196 190,000 190,000 225,000 35,000 210,935 308,000 274,000 264,500 (9,500) CITY OF LA QUINTA GENERAL FUND CONTRACT SERVICES DETAILED FY 2020/21 PROPOSED BUDGET 15 2018/19 Actuals 2019/20 Original 2019/20 Current 2020/21 Proposed 20/21 vs. Current 19/20 6006 - The Hub 5,000 205,000 81,000 100,000 19,000101-6006-60103 Professional Services 54,620 0 40,000 0 (40,000)101-6006-60125 Temporary Agency Servic 6006 - The Hub Totals:59,620 205,000 121,000 100,000 (21,000) 7001 - Public Works Administration 0 0 0 150,000 150,000101-7001-60104 Consultants 7001 - Public Works Administration Totals:0 0 0 150,000 150,000 7002 - Public Works Development Services 76,730 85,000 70,000 85,000 15,000101-7002-60103 Professional Services 3,500 5,000 5,000 5,000 0101-7002-60104 Consultants 63,066 120,000 85,000 100,000 15,000101-7002-60183 Map/Plan Checking Public Works Development Services Totals:143,296 210,000 160,000 190,000 30,000 7003 - Streets 0 200 200 75,000 74,800101-7003-60103 Professional Services 7003 - Streets Totals:0 200 200 75,000 74,800 7006 - Engineering Services 0 0 67,965 0 (67,965)101-7006-60103 Professional Services 62,995 60,000 40,000 60,000 20,000101-7006-60104 Consultants 196,818 220,000 220,000 180,000 (40,000)101-7006-60144 Contract Traffic Engineer 0 50,000 4,000 30,000 26,000101-7006-60145 Traffic Counts/Studies 52,669 25,000 25,000 25,000 0101-7006-60146 PM 10 - Dust Control 7006 - Engineering Services Totals:312,483 355,000 356,965 295,000 (61,965) CONTRACT SERVICES TOTAL 24,863,360 27,396,400 26,585,934 27,820,800 1,234,866 5,000 205,000 81,000 100,000 19,000 54,620 0 40,000 0 (40,000) 59,620 205,000 121,000 100,000 (21,000) 0 0 0 150,000 150,000 0 0 0 150,000 150,000 76,730 85,000 70,000 85,000 15,000 3,500 5,000 5,000 5,000 0 63,066 120,000 85,000 100,000 15,000 143,296 210,000 160,000 190,000 30,000 0 200 200 75,000 74,800 0 200 200 75,000 74,800 0 0 67,965 0 (67,965) 62,995 60,000 40,000 60,000 20,000 196,818 220,000 220,000 180,000 (40,000) 0 50,000 4,000 30,000 26,000 52,669 25,000 25,000 25,000 0 312,483 355,000 356,965 295,000 (61,965) 24,863,360 27,396,400 26,585,934 27,820,800 1,234,866 CITY OF LA QUINTA GENERAL FUND CONTRACT SERVICES DETAILED FY 2020/21 PROPOSED BUDGET 16 2018/19 Actuals 2019/20 Original 2019/20 Current 2020/21 Proposed 20/21 vs. Current 19 101 - GENERAL FUND 15,754,520 11,087,300 10,720,300 11,304,100 583,800 1001 - City Council 236,827 272,800 272,800 273,500 700 1002 - City Manager 647,975 616,900 600,275 471,400 (128,875) 1004 - Human Resources 324,867 367,400 361,900 402,300 40,400 1005 - City Clerk 352,912 398,300 452,530 466,300 13,770 1006 - Finance 791,787 910,100 956,000 1,046,200 90,200 1007 - Central Services 7,420,590 1,453,000 1,127,095 1,278,100 151,005 2002 - Fire 72,335 194,000 194,000 277,400 83,400 3001 - Community Resources Administration 592,466 624,300 635,050 496,400 (138,650) 3002 - Wellness Center Operations 371,164 565,600 561,920 565,900 3,980 3003 - Recreation Programs & Special Events 137,341 200,500 203,830 221,600 17,770 3005 - Parks Maintenance 471,310 346,400 346,400 374,800 28,400 3007 - Marketing & Community Relations 140,609 231,400 231,400 234,600 3,200 3008 - Public Buildings 459,367 417,200 418,300 531,800 113,500 6001 - Design & Development Administration 711,701 761,500 736,500 489,400 (247,100) 6002 - Planning 292,449 367,400 367,400 377,900 10,500 6003 - Building 518,156 635,300 635,300 698,200 62,900 6004 - Code Compliance/Animal Control 696,076 824,700 799,000 846,900 47,900 6006 - The Hub 656,141 810,100 760,100 844,300 84,200 7001 - Public Works Administration 0 0 0 485,100 485,100 7002 - Public Works Development Services 323,557 330,600 332,200 149,600 (182,600) 7003 - Streets 0 0 0 313,700 313,700 7006 - Engineering Services 536,891 759,800 728,300 458,700 (269,600) 201 - GAS TAX FUND 752,766 875,700 875,700 695,900 (179,800) 7003 - Streets 752,766 875,700 875,700 695,900 (179,800) 202 - LIBRARY & MUSEUM FUND 0 0 0 300 300 3004 - Library 0 0 0 300 300 215 - LIGHTING & LANDSCAPING FUND 166,784 227,600 227,600 263,200 35,600 7004 - Lighting & Landscaping 166,784 227,600 227,600 263,200 35,600 241 - HOUSING AUTHORITY 173,391 194,000 195,595 343,600 148,005 9101 - Housing Authority - Admin 173,391 194,000 195,595 343,600 148,005 502 - INFORMATION TECHNOLOGY 38,275 51,900 51,900 45,100 (6,800) 0000 - Undesignated 38,275 51,900 51,900 45,100 (6,800) 504 - INSURANCE FUND 56,766 53,600 53,600 54,200 600 1010 - Insurance 56,766 53,600 53,600 54,200 600 601 - SILVERROCK RESORT 59,639 41,100 41,100 0 (41,100) 0000 - Undesignated 59,639 41,100 41,100 0 (41,100) 760 - SUPPLEMENTAL PENSION PLAN 12,833 12,850 12,850 12,850 0 0000 - Undesignated 12,833 12,850 12,850 12,850 0 SALARY & BENEFITS TOTAL 17,014,974 12,544,050 12,178,645 12,719,250 540,605 15,754,520 11,087,300 10,720,300 11,304,100 583,800 236,827 272,800 272,800 273,500 700 647,975 616,900 600,275 471,400 (128,875) 324,867 367,400 361,900 402,300 40,400 352,912 398,300 452,530 466,300 13,770 791,787 910,100 956,000 1,046,200 90,200 7,420,590 1,453,000 1,127,095 1,278,100 151,005 72,335 194,000 194,000 277,400 83,400 592,466 624,300 635,050 496,400 (138,650) 371,164 565,600 561,920 565,900 3,980 137,341 200,500 203,830 221,600 17,770 471,310 346,400 346,400 374,800 28,400 140,609 231,400 231,400 234,600 3,200 459,367 417,200 418,300 531,800 113,500 711,701 761,500 736,500 489,400 (247,100) 292,449 367,400 367,400 377,900 10,500 518,156 635,300 635,300 698,200 62,900 696,076 824,700 799,000 846,900 47,900 656,141 810,100 760,100 844,300 84,200 0 0 0 485,100 485,100 323,557 330,600 332,200 149,600 (182,600) 0 0 0 313,700 313,700 536,891 759,800 728,300 458,700 (269,600) 752,766 875,700 875,700 695,900 (179,800) 752,766 875,700 875,700 695,900 (179,800) 0 0 0 300 300 0 0 0 300 300 166,784 227,600 227,600 263,200 35,600 166,784 227,600 227,600 263,200 35,600 173,391 194,000 195,595 343,600 148,005 173,391 194,000 195,595 343,600 148,005 38,275 51,900 51,900 45,100 (6,800) 38,275 51,900 51,900 45,100 (6,800) 56,766 53,600 53,600 54,200 600 56,766 53,600 53,600 54,200 600 59,639 41,100 41,100 0 (41,100) 59,639 41,100 41,100 0 (41,100) 12,833 12,850 12,850 12,850 0 12,833 12,850 12,850 12,850 0 17,014,974 12,544,050 12,178,645 12,719,250 540,605 CITY OF LA QUINTA CITYWIDE PAYROLL SALARY & BENEFITS SUMMARY BY FUND FY 2020/21 PROPOSED BUDGET 17 2018/19 Actuals 2019/20 Original 2019/20 Current 2020/21 Proposed B 20/21 vs. Current 19 101 - GENERAL FUND 1001 - City Council 145,163 144,000 144,000 144,000 0101-1001-50108 Salaries - Council Membe 2,621 2,400 2,400 2,400 0101-1001-50150 Other Compensation 8,388 9,000 9,000 9,700 700101-1001-50200 PERS-City Portion 60,796 102,600 102,600 102,600 0101-1001-50221 Medical Insurance 804 0 0 0 0101-1001-50222 Vision Insurance 4,568 0 0 0 0101-1001-50223 Dental Insurance 384 0 0 0 0101-1001-50224 Life Insurance 8,300 9,200 9,200 9,200 0101-1001-50230 Workers Comp Insurance 2,152 5,600 5,600 5,600 0101-1001-50240 Social Security-Medicare 3,651 0 0 0 0101-1001-50241 Social Security-FICA 1001 - City Council Totals:236,827 272,800 272,800 273,500 700 1002 - City Manager 492,205 469,100 472,475 365,000 (107,475)101-1002-50101 Permanent Full Time 1,500 0 0 0 0101-1002-50111 Internships 1,029 900 900 1,200 300101-1002-50150 Other Compensation 42,683 44,000 44,000 30,300 (13,700)101-1002-50200 PERS-City Portion 18,000 0 0 0 0101-1002-50215 Other Fringe Benefits 66,946 85,200 65,200 61,600 (3,600)101-1002-50221 Medical Insurance 1,021 0 0 0 0101-1002-50222 Vision Insurance 5,650 0 0 0 0101-1002-50223 Dental Insurance 173 0 0 0 0101-1002-50224 Life Insurance 1,894 2,200 2,200 1,700 (500)101-1002-50225 Long Term Disability 5,300 8,700 8,700 6,300 (2,400)101-1002-50230 Workers Comp Insurance 7,482 6,800 6,800 5,300 (1,500)101-1002-50240 Social Security-Medicare 93 0 000101-1002-50241 Social Security-FICA 4,000 0 0 0 0101-1002-50300 Employee Recognition 1002 - City Manager Totals:647,975 616,900 600,275 471,400 (128,875) 1004 - Human Resources 225,593 237,100 241,600 249,200 7,600101-1004-50101 Permanent Full Time 34,486 41,900 41,900 41,200 (700)101-1004-50102 Salaries - Part Time 137 0 0 0 0101-1004-50105 Salaries - Overtime 22,713 23,200 23,200 26,600 3,400101-1004-50200 PERS-City Portion 25,382 51,300 41,300 51,300 10,000101-1004-50221 Medical Insurance 673 0 0 0 0101-1004-50222 Vision Insurance 3,810 0 0 0 0101-1004-50223 Dental Insurance 73 0 000101-1004-50224 Life Insurance 1,096 1,300 1,300 1,300 0101-1004-50225 Long Term Disability 3,400 5,600 5,600 5,500 (100)101-1004-50230 Workers Comp Insurance 3,778 3,500 3,500 3,700 200101-1004-50240 Social Security-Medicare 3,364 0 0 0 0101-1004-50244 State Unemployment Insu 0 0 0 20,000 20,000101-1004-50251 Temporary 360 3,500 3,500 3,500 0101-1004-50252 Fitness Membership Reim 1004 - Human Resources Totals:324,867 367,400 361,900 402,300 40,400 1005 - City Clerk 232,240 252,600 256,830 269,300 12,470101-1005-50101 Permanent Full Time 23,842 29,000 29,000 30,000 1,000101-1005-50102 Salaries - Part Time 0 0 0 500 500101-1005-50150 Other Compensation 19,238 21,900 21,900 25,600 3,700101-1005-50200 PERS-City Portion 60,811 80,000 80,000 80,000 0101-1005-50221 Medical Insurance 846 0 0 0 0101-1005-50222 Vision Insurance 3,328 0 0 0 0101-1005-50223 Dental Insurance 107 0 0 0 0101-1005-50224 Life Insurance 1,166 1,500 1,500 1,500 0101-1005-50225 Long Term Disability 6,100 7,300 7,300 7,200 (100)101-1005-50230 Workers Comp Insurance 3,756 6,000 6,000 6,200 200101-1005-50240 Social Security-Medicare 1,478 0 0 0 0101-1005-50241 Social Security-FICA 0 0 46,000 46,000 0101-1005-50251 Temporary 0 0 4,000 0 (4,000)101-1005-50300 Employee Recognition 1005 - City Clerk Totals:352,912 398,300 452,530 466,300 13,770 1006 - Finance 145,163 144,000 144,000 144,000 0 2,621 2,400 2,400 2,400 0 8,388 9,000 9,000 9,700 700 60,796 102,600 102,600 102,600 0 804 0 0 0 0 4,568 0 0 0 0 384 0 0 0 0 8,300 9,200 9,200 9,200 0 2,152 5,600 5,600 5,600 0 3,651 0 0 0 0 236,827 272,800 272,800 273,500 700 492,205 469,100 472,475 365,000 (107,475) 1,500 0 0 0 0 1,029 900 900 1,200 300 42,683 44,000 44,000 30,300 (13,700) 18,000 0 0 0 0 66,946 85,200 65,200 61,600 (3,600) 1,021 0 0 0 0 5,650 0 0 0 0 173 0 0 0 0 1,894 2,200 2,200 1,700 (500) 5,300 8,700 8,700 6,300 (2,400) 7,482 6,800 6,800 5,300 (1,500) 93 0 000 4,000 0 0 0 0 647,975 616,900 600,275 471,400 (128,875) 225,593 237,100 241,600 249,200 7,600 34,486 41,900 41,900 41,200 (700) 137 0 0 0 0 22,713 23,200 23,200 26,600 3,400 25,382 51,300 41,300 51,300 10,000 673 0 0 0 0 3,810 0 0 0 0 73 0 000 1,096 1,300 1,300 1,300 0 3,400 5,600 5,600 5,500 (100) 3,778 3,500 3,500 3,700 200 3,364 0 0 0 0 0 0 0 20,000 20,000 360 3,500 3,500 3,500 0 324,867 367,400 361,900 402,300 40,400 232,240 252,600 256,830 269,300 12,470 23,842 29,000 29,000 30,000 1,000 0 0 0 500 500 19,238 21,900 21,900 25,600 3,700 60,811 80,000 80,000 80,000 0 846 0 0 0 0 3,328 0 0 0 0 107 0 0 0 0 1,166 1,500 1,500 1,500 0 6,100 7,300 7,300 7,200 (100) 3,756 6,000 6,000 6,200 200 1,478 0 0 0 0 0 0 46,000 46,000 0 0 0 4,000 0 (4,000) 352,912 398,300 452,530 466,300 13,770 CITY OF LA QUINTA CITYWIDE PAYROLL DETAILS BY FUND FY 2020/21 PROPOSED BUDGET 18 2018/19 Actuals 2019/20 Original 2019/20 Current 2020/21 Proposed B 20/21 vs. Current 19 605,144 660,800 690,700 752,800 62,100101-1006-50101 Permanent Full Time 2,250 3,600 3,600 3,600 0101-1006-50110 Commissions & Boards 0 1,500 1,500 0 (1,500)101-1006-50111 Internships 472 500 500 500 0101-1006-50150 Other Compensation 45,497 51,200 51,200 72,900 21,700101-1006-50200 PERS-City Portion 2,360 2,400 2,400 2,400 0101-1006-50215 Other Fringe Benefits 103,889 162,100 162,100 182,600 20,500101-1006-50221 Medical Insurance 1,421 0 0 0 0101-1006-50222 Vision Insurance 5,659 0 0 0 0101-1006-50223 Dental Insurance 280 0 0 0 0101-1006-50224 Life Insurance 2,714 3,600 3,600 4,100 500101-1006-50225 Long Term Disability 13,100 14,800 14,800 16,300 1,500101-1006-50230 Workers Comp Insurance 8,862 9,600 9,600 11,000 1,400101-1006-50240 Social Security-Medicare 140 0 0 0 0101-1006-50241 Social Security-FICA 0 0 16,000 0 (16,000)101-1006-50300 Employee Recognition 1006 - Finance Totals:791,787 910,100 956,000 1,046,200 90,200 1007 - Central Services 116,163 150,000 150,000 150,000 0101-1007-50109 Vacation & Sick Leave Bu 3,000 400,000 74,095 100,000 25,905101-1007-50115 Contingency for Stafffing 727,994 860,000 860,000 977,100 117,100101-1007-50117 PERS - Unfunded Pension 6,540,000 0 0 0 0101-1007-50118 Pension Trust Contributio 1,684 0 0 0 0101-1007-50240 Social Security-Medicare 31,748 33,000 33,000 36,000 3,000101-1007-50243 Employer Contrib Retiree 0 10,000 10,000 15,000 5,000101-1007-50244 State Unemployment Insu 1007 - Central Services Totals:7,420,590 1,453,000 1,127,095 1,278,100 151,005 2002 - Fire 51,952 133,100 133,100 196,000 62,900101-2002-50101 Permanent Full Time 1,574 4,000 4,000 4,000 0101-2002-50105 Salaries - Overtime 0 0 0 100 100101-2002-50150 Other Compensation 3,559 9,300 9,300 15,400 6,100101-2002-50200 PERS-City Portion 13,192 41,100 41,100 52,300 11,200101-2002-50221 Medical Insurance 158 0 0 0 0101-2002-50222 Vision Insurance 836 0 0 0 0101-2002-50223 Dental Insurance 30 0 000101-2002-50224 Life Insurance 266 800 800 2,000 1,200101-2002-50225 Long Term Disability 0 3,700 3,700 4,700 1,000101-2002-50230 Workers Comp Insurance 769 2,000 2,000 2,900 900101-2002-50240 Social Security-Medicare 2002 - Fire Totals:72,335 194,000 194,000 277,400 83,400 3001 - Community Resources Administra 462,143 471,000 477,750 374,000 (103,750)101-3001-50101 Permanent Full Time 3,293 3,600 3,600 3,600 0101-3001-50110 Commissions & Boards 0 1,500 1,500 0 (1,500)101-3001-50111 Internships 946 1,200 1,200 700 (500)101-3001-50150 Other Compensation 34,659 37,100 37,100 32,300 (4,800)101-3001-50200 PERS-City Portion 69,651 92,300 92,300 71,800 (20,500)101-3001-50221 Medical Insurance 1,079 0 0 0 0101-3001-50222 Vision Insurance 4,470 0 0 0 0101-3001-50223 Dental Insurance 182 0 0 0 0101-3001-50224 Life Insurance 2,389 2,300 2,300 2,100 (200)101-3001-50225 Long Term Disability 6,700 8,400 8,400 6,400 (2,000)101-3001-50230 Workers Comp Insurance 6,749 6,900 6,900 5,500 (1,400)101-3001-50240 Social Security-Medicare 204 0 0 0 0101-3001-50241 Social Security-FICA 0 0 4,000 0 (4,000)101-3001-50300 Employee Recognition munity Resources Administration Totals:592,466 624,300 635,050 496,400 (138,650) 605,144 660,800 690,700 752,800 62,100 2,250 3,600 3,600 3,600 0 0 1,500 1,500 0 (1,500) 472 500 500 500 0 45,497 51,200 51,200 72,900 21,700 2,360 2,400 2,400 2,400 0 103,889 162,100 162,100 182,600 20,500 1,421 0 0 0 0 5,659 0 0 0 0 280 0 0 0 0 2,714 3,600 3,600 4,100 500 13,100 14,800 14,800 16,300 1,500 8,862 9,600 9,600 11,000 1,400 140 0 0 0 0 0 0 16,000 0 (16,000) 791,787 910,100 956,000 1,046,200 90,200 116,163 150,000 150,000 150,000 0 3,000 400,000 74,095 100,000 25,905 727,994 860,000 860,000 977,100 117,100 6,540,000 0 0 0 0 1,684 0 0 0 0 31,748 33,000 33,000 36,000 3,000 0 10,000 10,000 15,000 5,000 7,420,590 1,453,000 1,127,095 1,278,100 151,005 51,952 133,100 133,100 196,000 62,900 1,574 4,000 4,000 4,000 0 0 0 0 100 100 3,559 9,300 9,300 15,400 6,100 13,192 41,100 41,100 52,300 11,200 158 0 0 0 0 836 0 0 0 0 30 0 000 266 800 800 2,000 1,200 0 3,700 3,700 4,700 1,000 769 2,000 2,000 2,900 900 72,335 194,000 194,000 277,400 83,400 462,143 471,000 477,750 374,000 (103,750) 3,293 3,600 3,600 3,600 0 0 1,500 1,500 0 (1,500) 946 1,200 1,200 700 (500) 34,659 37,100 37,100 32,300 (4,800) 69,651 92,300 92,300 71,800 (20,500) 1,079 0 0 0 0 4,470 0 0 0 0 182 0 0 0 0 2,389 2,300 2,300 2,100 (200) 6,700 8,400 8,400 6,400 (2,000) 6,749 6,900 6,900 5,500 (1,400) 204 0 0 0 0 0 0 4,000 0 (4,000) 592,466 624,300 635,050 496,400 (138,650) CITY OF LA QUINTA CITYWIDE PAYROLL DETAILS BY FUND FY 2020/21 PROPOSED BUDGET 19 2018/19 Actuals 2019/20 Original 2019/20 Current 2020/21 Proposed B 20/21 vs. Current 19 3002 - Wellness Center Operations 221,344 308,000 310,250 308,800 (1,450)101-3002-50101 Permanent Full Time 61,773 120,000 124,070 117,500 (6,570)101-3002-50102 Salaries - Part Time 1,323 1,700 1,700 1,700 0101-3002-50150 Other Compensation 20,929 30,700 30,700 33,200 2,500101-3002-50200 PERS-City Portion 47,181 92,300 82,300 90,300 8,000101-3002-50221 Medical Insurance 981 0 0 0 0101-3002-50222 Vision Insurance 4,257 0 0 0 0101-3002-50223 Dental Insurance 110 0 0 0 0101-3002-50224 Life Insurance 827 1,800 1,800 1,800 0101-3002-50225 Long Term Disability 5,800 6,600 6,600 8,100 1,500101-3002-50230 Workers Comp Insurance 4,149 4,500 4,500 4,500 0101-3002-50240 Social Security-Medicare 2,490 0 0 0 0101-3002-50241 Social Security-FICA 002 - Wellness Center Operations Totals:371,164 565,600 561,920 565,900 3,980 3003 - Recreation Programs & Special Ev 39,701 52,800 52,800 55,500 2,700101-3003-50101 Permanent Full Time 79,739 99,100 102,430 117,500 15,070101-3003-50102 Salaries - Part Time 4,934 11,100 11,100 11,100 0101-3003-50200 PERS-City Portion 6,090 20,600 20,600 20,600 0101-3003-50221 Medical Insurance 92 0 000101-3003-50222 Vision Insurance 206 0 0 0 0101-3003-50223 Dental Insurance 31 0 000101-3003-50224 Life Insurance 212 1,900 1,900 1,800 (100)101-3003-50225 Long Term Disability 1,700 1,900 1,900 1,900 0101-3003-50230 Workers Comp Insurance 1,735 13,100 13,100 13,200 100101-3003-50240 Social Security-Medicare 2,901 0 0 0 0101-3003-50241 Social Security-FICA eation Programs & Special Events Totals:137,341 200,500 203,830 221,600 17,770 3005 - Parks Maintenance 344,339 241,900 241,900 254,000 12,100101-3005-50101 Permanent Full Time 52 200 200 600 400101-3005-50105 Salaries - Overtime 2,470 3,300 3,300 3,500 200101-3005-50106 Standby 3,222 5,300 5,300 4,000 (1,300)101-3005-50107 Standby Overtime 511 0 0 0 0101-3005-50150 Other Compensation 29,317 23,200 23,200 19,500 (3,700)101-3005-50200 PERS-City Portion 72,523 59,500 59,500 82,100 22,600101-3005-50221 Medical Insurance 1,067 0 0 0 0101-3005-50222 Vision Insurance 4,559 0 0 0 0101-3005-50223 Dental Insurance 141 0 0 0 0101-3005-50224 Life Insurance 1,532 1,800 1,800 1,900 100101-3005-50225 Long Term Disability 6,500 7,700 7,700 5,500 (2,200)101-3005-50230 Workers Comp Insurance 5,076 3,500 3,500 3,700 200101-3005-50240 Social Security-Medicare 3005 - Parks Maintenance Totals:471,310 346,400 346,400 374,800 28,400 3007 - Marketing & Community Relations 103,356 168,200 168,200 172,800 4,600101-3007-50101 Permanent Full Time 0 3,000 3,000 0 (3,000)101-3007-50111 Internships 171 0 0 0 0101-3007-50150 Other Compensation 7,014 11,800 11,800 13,400 1,600101-3007-50200 PERS-City Portion 24,192 41,100 41,100 41,100 0101-3007-50221 Medical Insurance 269 0 0 0 0101-3007-50222 Vision Insurance 1,818 0 0 0 0101-3007-50223 Dental Insurance 41 0 000101-3007-50224 Life Insurance 549 1,000 1,000 1,000 0101-3007-50225 Long Term Disability 1,700 3,800 3,800 3,700 (100)101-3007-50230 Workers Comp Insurance 1,499 2,500 2,500 2,600 100101-3007-50240 Social Security-Medicare Marketing & Community Relations Totals:140,609 231,400 231,400 234,600 3,200 221,344 308,000 310,250 308,800 (1,450) 61,773 120,000 124,070 117,500 (6,570) 1,323 1,700 1,700 1,700 0 20,929 30,700 30,700 33,200 2,500 47,181 92,300 82,300 90,300 8,000 981 0 0 0 0 4,257 0 0 0 0 110 0 0 0 0 827 1,800 1,800 1,800 0 5,800 6,600 6,600 8,100 1,500 4,149 4,500 4,500 4,500 0 2,490 0 0 0 0 371,164 565,600 561,920 565,900 3,980 39,701 52,800 52,800 55,500 2,700 79,739 99,100 102,430 117,500 15,070 4,934 11,100 11,100 11,100 0 6,090 20,600 20,600 20,600 0 92 0 000 206 0 0 0 0 31 0 000 212 1,900 1,900 1,800 (100) 1,700 1,900 1,900 1,900 0 1,735 13,100 13,100 13,200 100 2,901 0 0 0 0 137,341 200,500 203,830 221,600 17,770 344,339 241,900 241,900 254,000 12,100 52 200 200 600 400 2,470 3,300 3,300 3,500 200 3,222 5,300 5,300 4,000 (1,300) 511 0 0 0 0 29,317 23,200 23,200 19,500 (3,700) 72,523 59,500 59,500 82,100 22,600 1,067 0 0 0 0 4,559 0 0 0 0 141 0 0 0 0 1,532 1,800 1,800 1,900 100 6,500 7,700 7,700 5,500 (2,200) 5,076 3,500 3,500 3,700 200 471,310 346,400 346,400 374,800 28,400 103,356 168,200 168,200 172,800 4,600 0 3,000 3,000 0 (3,000) 171 0 0 0 0 7,014 11,800 11,800 13,400 1,600 24,192 41,100 41,100 41,100 0 269 0 0 0 0 1,818 0 0 0 0 41 0 000 549 1,000 1,000 1,000 0 1,700 3,800 3,800 3,700 (100) 1,499 2,500 2,500 2,600 100 140,609 231,400 231,400 234,600 3,200 CITY OF LA QUINTA CITYWIDE PAYROLL DETAILS BY FUND FY 2020/21 PROPOSED BUDGET 20 2018/19 Actuals 2019/20 Original 2019/20 Current 2020/21 Proposed B 20/21 vs. Current 19 3008 - Public Buildings 338,968 286,600 289,700 364,900 75,200101-3008-50101 Permanent Full Time 2,529 0 0 0 0101-3008-50105 Salaries - Overtime 7,972 3,700 3,700 6,000 2,300101-3008-50106 Standby 3,693 2,800 2,800 4,100 1,300101-3008-50107 Standby Overtime 524 500 500 500 0101-3008-50150 Other Compensation 24,482 22,900 22,900 29,700 6,800101-3008-50200 PERS-City Portion 57,981 80,000 70,000 102,600 32,600101-3008-50221 Medical Insurance 821 0 0 0 0101-3008-50222 Vision Insurance 2,489 0 0 0 0101-3008-50223 Dental Insurance 140 0 0 0 0101-3008-50224 Life Insurance 1,496 1,700 1,700 2,200 500101-3008-50225 Long Term Disability 13,100 14,800 14,800 16,500 1,700101-3008-50230 Workers Comp Insurance 5,172 4,200 4,200 5,300 1,100101-3008-50240 Social Security-Medicare 3008 - Public Buildings Totals:459,367 417,200 410,300 531,800 121,500 6001 - Design & Development Administra 522,917 540,500 515,500 350,000 (165,500)101-6001-50101 Permanent Full Time 1,394 0 0 0 0101-6001-50105 Salaries - Overtime 6,120 0 0 0 0101-6001-50106 Standby 11,684 8,400 8,400 8,400 0101-6001-50110 Commissions & Boards 493 500 500 500 0101-6001-50150 Other Compensation 41,141 44,700 44,700 34,200 (10,500)101-6001-50200 PERS-City Portion 90,801 143,600 143,600 82,100 (61,500)101-6001-50221 Medical Insurance 1,360 0 0 0 0101-6001-50222 Vision Insurance 10,356 0 0 0 0101-6001-50223 Dental Insurance 267 0 0 0 0101-6001-50224 Life Insurance 2,527 2,800 2,800 1,700 (1,100)101-6001-50225 Long Term Disability 14,100 13,100 13,100 7,400 (5,700)101-6001-50230 Workers Comp Insurance 7,913 7,900 7,900 5,100 (2,800)101-6001-50240 Social Security-Medicare 631 0 0 0 0101-6001-50241 Social Security-FICA gn & Development Administration Totals:711,701 761,500 736,500 489,400 (247,100) 6002 - Planning 233,328 273,900 273,900 283,100 9,200101-6002-50101 Permanent Full Time 1,274 1,500 1,500 0 (1,500)101-6002-50111 Internships 151 0 0 0 0101-6002-50150 Other Compensation 15,465 19,200 19,200 21,900 2,700101-6002-50200 PERS-City Portion 757 0 0 0 0101-6002-50215 Other Fringe Benefits 29,956 61,600 61,600 61,600 0101-6002-50221 Medical Insurance 460 0 0 0 0101-6002-50222 Vision Insurance 1,349 0 0 0 0101-6002-50223 Dental Insurance 67 0 000101-6002-50224 Life Insurance 1,151 1,600 1,600 1,600 0101-6002-50225 Long Term Disability 5,000 5,600 5,600 5,500 (100)101-6002-50230 Workers Comp Insurance 3,413 4,000 4,000 4,200 200101-6002-50240 Social Security-Medicare 79 0 000101-6002-50241 Social Security-FICA 6002 - Planning Totals:292,449 367,400 367,400 377,900 10,500 6003 - Building 382,870 452,400 402,400 451,500 49,100101-6003-50101 Permanent Full Time 11,461 0 0 13,000 13,000101-6003-50105 Salaries - Overtime 2,621 2,900 2,900 2,400 (500)101-6003-50150 Other Compensation 30,110 36,500 36,500 39,700 3,200101-6003-50200 PERS-City Portion 68,131 123,100 123,100 123,100 0101-6003-50221 Medical Insurance 1,105 0 0 0 0101-6003-50222 Vision Insurance 5,616 0 0 0 0101-6003-50223 Dental Insurance 156 0 0 0 0101-6003-50224 Life Insurance 2,035 2,600 2,600 2,700 100101-6003-50225 Long Term Disability 8,300 11,200 11,200 9,200 (2,000)101-6003-50230 Workers Comp Insurance 5,752 6,600 6,600 6,600 0101-6003-50240 Social Security-Medicare 0 0 50,000 50,000 0101-6003-50251 Temporary 6003 - Building Totals:518,156 635,300 635,300 698,200 62,900 338,968 286,600 289,700 364,900 75,200 2,529 0 0 0 0 7,972 3,700 3,700 6,000 2,300 3,693 2,800 2,800 4,100 1,300 524 500 500 500 0 24,482 22,900 22,900 29,700 6,800 57,981 80,000 70,000 102,600 32,600 821 0 0 0 0 2,489 0 0 0 0 140 0 0 0 0 1,496 1,700 1,700 2,200 500 13,100 14,800 14,800 16,500 1,700 5,172 4,200 4,200 5,300 1,100 459,367 417,200 410,300 531,800 121,500 522,917 540,500 515,500 350,000 (165,500) 1,394 0 0 0 0 6,120 0 0 0 0 11,684 8,400 8,400 8,400 0 493 500 500 500 0 41,141 44,700 44,700 34,200 (10,500) 90,801 143,600 143,600 82,100 (61,500) 1,360 0 0 0 0 10,356 0 0 0 0 267 0 0 0 0 2,527 2,800 2,800 1,700 (1,100) 14,100 13,100 13,100 7,400 (5,700) 7,913 7,900 7,900 5,100 (2,800) 631 0 0 0 0 711,701 761,500 736,500 489,400 (247,100) 233,328 273,900 273,900 283,100 9,200 1,274 1,500 1,500 0 (1,500) 151 0 0 0 0 15,465 19,200 19,200 21,900 2,700 757 0 0 0 0 29,956 61,600 61,600 61,600 0 460 0 0 0 0 1,349 0 0 0 0 67 0 000 1,151 1,600 1,600 1,600 0 5,000 5,600 5,600 5,500 (100) 3,413 4,000 4,000 4,200 200 79 0 000 292,449 367,400 367,400 377,900 10,500 382,870 452,400 402,400 451,500 49,100 11,461 0 0 13,000 13,000 2,621 2,900 2,900 2,400 (500) 30,110 36,500 36,500 39,700 3,200 68,131 123,100 123,100 123,100 0 1,105 0 0 0 0 5,616 0 0 0 0 156 0 0 0 0 2,035 2,600 2,600 2,700 100 8,300 11,200 11,200 9,200 (2,000) 5,752 6,600 6,600 6,600 0 0 0 50,000 50,000 0 518,156 635,300 635,300 698,200 62,900 CITY OF LA QUINTA CITYWIDE PAYROLL DETAILS BY FUND FY 2020/21 PROPOSED BUDGET 21 2018/19 Actuals 2019/20 Original 2019/20 Current 2020/21 Proposed B 20/21 vs. Current 19 6004 - Code Compliance/Animal Control 501,713 567,900 548,200 563,100 14,900101-6004-50101 Permanent Full Time 5,625 10,000 10,000 10,000 0101-6004-50105 Salaries - Overtime 0 0 0 100 100101-6004-50106 Standby 153 500 500 500 0101-6004-50150 Other Compensation 49,005 57,500 57,500 59,200 1,700101-6004-50200 PERS-City Portion 104,260 164,100 154,100 160,000 5,900101-6004-50221 Medical Insurance 1,831 0 0 0 0101-6004-50222 Vision Insurance 7,487 0 0 0 0101-6004-50223 Dental Insurance 218 0 0 0 0101-6004-50224 Life Insurance 2,722 3,300 3,300 3,300 0101-6004-50225 Long Term Disability 11,600 13,100 13,100 14,300 1,200101-6004-50230 Workers Comp Insurance 7,462 8,300 8,300 8,200 (100)101-6004-50240 Social Security-Medicare 0 0 0 28,200 28,200101-6004-50251 Temporary 4,000 0 4,000 0 (4,000)101-6004-50300 Employee Recognition Code Compliance/Animal Control Totals:696,076 824,700 799,000 846,900 47,900 6006 - The Hub 451,921 522,100 522,100 548,900 26,800101-6006-50101 Permanent Full Time 34,705 50,600 10,600 50,700 40,100101-6006-50102 Salaries - Part Time 41,191 47,700 47,700 54,800 7,100101-6006-50200 PERS-City Portion 99,137 164,100 154,100 164,100 10,000101-6006-50221 Medical Insurance 1,254 0 0 0 0101-6006-50222 Vision Insurance 8,151 0 0 0 0101-6006-50223 Dental Insurance 219 0 0 0 0101-6006-50224 Life Insurance 2,605 3,000 3,000 3,100 100101-6006-50225 Long Term Disability 9,200 15,000 15,000 14,700 (300)101-6006-50230 Workers Comp Insurance 7,056 7,600 7,600 8,000 400101-6006-50240 Social Security-Medicare 703 0 0 0 0101-6006-50241 Social Security-FICA 6006 - The Hub Totals:656,141 810,100 760,100 844,300 84,200 7001 - Public Works Administration 0 0 0 353,300 353,300101-7001-50101 Permanent Full Time 0 0 0 500 500101-7001-50150 Other Compensation 0 0 0 34,900 34,900101-7001-50200 PERS-City Portion 0 0 0 82,100 82,100101-7001-50221 Medical Insurance 0 0 0 1,700 1,700101-7001-50225 Long Term Disability 0 0 0 7,400 7,400101-7001-50230 Workers Comp Insurance 0 0 0 5,200 5,200101-7001-50240 Social Security-Medicare 01 - Public Works Administration Totals:0 0 0 485,100 485,100 7002 - Public Works Development Servic 249,998 247,900 249,500 111,000 (138,500)101-7002-50101 Permanent Full Time 524 500 500 0 (500)101-7002-50150 Other Compensation 26,573 28,400 28,400 13,800 (14,600)101-7002-50200 PERS-City Portion 27,451 41,100 41,100 20,600 (20,500)101-7002-50221 Medical Insurance 304 0 0 0 0101-7002-50222 Vision Insurance 2,264 0 0 0 0101-7002-50223 Dental Insurance 62 0 000101-7002-50224 Life Insurance 1,039 1,100 1,100 600 (500)101-7002-50225 Long Term Disability 5,000 5,600 5,600 1,900 (3,700)101-7002-50230 Workers Comp Insurance 3,721 3,600 3,600 1,700 (1,900)101-7002-50240 Social Security-Medicare 2,621 2,400 2,400 0 (2,400)101-7002-50250 Vehicle Reimbursement 4,000 0 0 0 0101-7002-50300 Employee Recognition blic Works Development Services Totals:323,557 330,600 332,200 149,600 (182,600) 501,713 567,900 548,200 563,100 14,900 5,625 10,000 10,000 10,000 0 0 0 0 100 100 153 500 500 500 0 49,005 57,500 57,500 59,200 1,700 104,260 164,100 154,100 160,000 5,900 1,831 0 0 0 0 7,487 0 0 0 0 218 0 0 0 0 2,722 3,300 3,300 3,300 0 11,600 13,100 13,100 14,300 1,200 7,462 8,300 8,300 8,200 (100) 0 0 0 28,200 28,200 4,000 0 4,000 0 (4,000) 696,076 824,700 799,000 846,900 47,900 451,921 522,100 522,100 548,900 26,800 34,705 50,600 10,600 50,700 40,100 41,191 47,700 47,700 54,800 7,100 99,137 164,100 154,100 164,100 10,000 1,254 0 0 0 0 8,151 0 0 0 0 219 0 0 0 0 2,605 3,000 3,000 3,100 100 9,200 15,000 15,000 14,700 (300) 7,056 7,600 7,600 8,000 400 703 0 0 0 0 656,141 810,100 760,100 844,300 84,200 0 0 0 353,300 353,300 0 0 0 500 500 0 0 0 34,900 34,900 0 0 0 82,100 82,100 0 0 0 1,700 1,700 0 0 0 7,400 7,400 0 0 0 5,200 5,200 0 0 0 485,100 485,100 249,998 247,900 249,500 111,000 (138,500) 524 500 500 0 (500) 26,573 28,400 28,400 13,800 (14,600) 27,451 41,100 41,100 20,600 (20,500) 304 0 0 0 0 2,264 0 0 0 0 62 0 000 1,039 1,100 1,100 600 (500) 5,000 5,600 5,600 1,900 (3,700) 3,721 3,600 3,600 1,700 (1,900) 2,621 2,400 2,400 0 (2,400) 4,000 0 0 0 0 323,557 330,600 332,200 149,600 (182,600) CITY OF LA QUINTA CITYWIDE PAYROLL DETAILS BY FUND FY 2020/21 PROPOSED BUDGET 22 2018/19 Actuals 2019/20 Original 2019/20 Current 2020/21 Proposed B 20/21 vs. Current 19 7003 - Streets 0 0 0 211,900 211,900101-7003-50101 Permanent Full Time 0 0 0 7,000 7,000101-7003-50106 Standby 0 0 0 2,500 2,500101-7003-50107 Standby Overtime 0 0 0 1,000 1,000101-7003-50150 Other Compensation 0 0 0 20,900 20,900101-7003-50200 PERS-City Portion 0 0 0 61,600 61,600101-7003-50221 Medical Insurance 0 0 0 1,300 1,300101-7003-50225 Long Term Disability 0 0 0 5,500 5,500101-7003-50230 Workers Comp Insurance 0 0 0 2,000 2,000101-7003-50240 Social Security-Medicare 7003 - Streets Totals:0 0 0 313,700 313,700 7006 - Engineering Services 386,401 517,400 495,900 322,500 (173,400)101-7006-50101 Permanent Full Time 739 2,000 2,000 0 (2,000)101-7006-50105 Salaries - Overtime 12,030 21,100 21,100 9,000 (12,100)101-7006-50106 Standby 1,338 5,700 5,700 1,000 (4,700)101-7006-50107 Standby Overtime 1,573 1,500 1,500 500 (1,000)101-7006-50150 Other Compensation 33,003 44,800 44,800 29,600 (15,200)101-7006-50200 PERS-City Portion 75,403 143,600 133,600 82,100 (51,500)101-7006-50221 Medical Insurance 1,064 0 0 0 0101-7006-50222 Vision Insurance 5,657 0 0 0 0101-7006-50223 Dental Insurance 173 0 0 0 0101-7006-50224 Life Insurance 2,057 3,000 3,000 1,900 (1,100)101-7006-50225 Long Term Disability 11,600 13,100 13,100 7,400 (5,700)101-7006-50230 Workers Comp Insurance 5,853 7,600 7,600 4,700 (2,900)101-7006-50240 Social Security-Medicare 7006 - Engineering Services Totals:536,891 759,800 728,300 458,700 (269,600) 101 - GENERAL FUND Totals:15,754,520 11,087,300 10,712,300 11,304,100 591,800 201 - GAS TAX FUND 7003 - Streets 526,449 580,400 580,400 462,900 (117,500)201-7003-50101 Permanent Full Time 1,349 1,000 1,000 2,500 1,500201-7003-50105 Salaries - Overtime 13,594 10,400 10,400 9,000 (1,400)201-7003-50106 Standby 9,891 6,800 6,800 7,800 1,000201-7003-50107 Standby Overtime 49,938 60,500 60,500 55,200 (5,300)201-7003-50200 PERS-City Portion 122,597 194,900 194,900 143,600 (51,300)201-7003-50221 Medical Insurance 2,081 0 0 0 0201-7003-50222 Vision Insurance 8,589 0 0 0 0201-7003-50223 Dental Insurance 285 0 0 0 0201-7003-50224 Life Insurance 2,842 3,400 3,400 2,700 (700)201-7003-50225 Long Term Disability 7,100 9,800 9,800 5,500 (4,300)201-7003-50230 Workers Comp Insurance 8,050 8,500 8,500 6,700 (1,800)201-7003-50240 Social Security-Medicare 7003 - Streets Totals:752,766 875,700 875,700 695,900 (179,800) 201 - GAS TAX FUND Totals:752,766 875,700 875,700 695,900 (179,800) 202 - LIBRARY & MUSEUM FUND 3004 - Library 0 0 0 300 300202-3004-50150 Other Compensation 3004 - Library Totals:0 0 0 300 300 202 - LIBRARY & MUSEUM FUND Totals:0 0 0 300 300 215 - LIGHTING & LANDSCAPING FUND 7004 - Lighting & Landscaping 114,129 151,600 151,600 164,400 12,800215-7004-50101 Permanent Full Time 565 0 0 0 0215-7004-50105 Salaries - Overtime 2,989 4,100 4,100 7,300 3,200215-7004-50106 Standby 1,459 2,400 2,400 6,500 4,100215-7004-50107 Standby Overtime 10,279 12,300 12,300 14,500 2,200215-7004-50200 PERS-City Portion 27,944 51,300 51,300 61,600 10,300215-7004-50221 Medical Insurance 0 0 0 211,900 211,900 0 0 0 7,000 7,000 0 0 0 2,500 2,500 0 0 0 1,000 1,000 0 0 0 20,900 20,900 0 0 0 61,600 61,600 0 0 0 1,300 1,300 0 0 0 5,500 5,500 0 0 0 2,000 2,000 0 0 0 313,700 313,700 386,401 517,400 495,900 322,500 (173,400) 739 2,000 2,000 0 (2,000) 12,030 21,100 21,100 9,000 (12,100) 1,338 5,700 5,700 1,000 (4,700) 1,573 1,500 1,500 500 (1,000) 33,003 44,800 44,800 29,600 (15,200) 75,403 143,600 133,600 82,100 (51,500) 1,064 0 0 0 0 5,657 0 0 0 0 173 0 0 0 0 2,057 3,000 3,000 1,900 (1,100) 11,600 13,100 13,100 7,400 (5,700) 5,853 7,600 7,600 4,700 (2,900) 536,891 759,800 728,300 458,700 (269,600) 15,754,520 11,087,300 10,712,300 11,304,100 591,800 526,449 580,400 580,400 462,900 (117,500) 1,349 1,000 1,000 2,500 1,500 13,594 10,400 10,400 9,000 (1,400) 9,891 6,800 6,800 7,800 1,000 49,938 60,500 60,500 55,200 (5,300) 122,597 194,900 194,900 143,600 (51,300) 2,081 0 0 0 0 8,589 0 0 0 0 285 0 0 0 0 2,842 3,400 3,400 2,700 (700) 7,100 9,800 9,800 5,500 (4,300) 8,050 8,500 8,500 6,700 (1,800) 752,766 875,700 875,700 695,900 (179,800) 752,766 875,700 875,700 695,900 (179,800) 0 0 0 300 300 0 0 0 300 300 0 0 0 300 300 114,129 151,600 151,600 164,400 12,800 565 0 0 0 0 2,989 4,100 4,100 7,300 3,200 1,459 2,400 2,400 6,500 4,100 10,279 12,300 12,300 14,500 2,200 27,944 51,300 51,300 61,600 10,300 CITY OF LA QUINTA CITYWIDE PAYROLL DETAILS BY FUND FY 2020/21 PROPOSED BUDGET 23 2018/19 Actuals 2019/20 Original 2019/20 Current 2020/21 Proposed B 20/21 vs. Current 19 416 0 0 0 0215-7004-50222 Vision Insurance 2,824 0 0 0 0215-7004-50223 Dental Insurance 54 0 000215-7004-50224 Life Insurance 599 1,200 1,200 1,000 (200)215-7004-50225 Long Term Disability 3,800 2,500 2,500 5,500 3,000215-7004-50230 Workers Comp Insurance 1,727 2,200 2,200 2,400 200215-7004-50240 Social Security-Medicare 7004 - Lighting & Landscaping Totals:166,784 227,600 227,600 263,200 35,600 - LIGHTING & LANDSCAPING FUND Totals:166,784 227,600 227,600 263,200 35,600 241 - HOUSING AUTHORITY 9101 - Housing Authority - Admin 130,085 142,000 143,595 254,800 111,205241-9101-50101 Permanent Full Time 750 3,000 3,000 3,000 0241-9101-50110 Commissions & Boards 196 200 200 400 200241-9101-50150 Other Compensation 10,878 10,600 10,600 17,500 6,900241-9101-50200 PERS-City Portion 2,262 0 0 0 0241-9101-50215 Other Fringe Benefits 22,129 31,800 31,800 57,500 25,700241-9101-50221 Medical Insurance 337 0 0 0 0241-9101-50222 Vision Insurance 1,482 0 0 0 0241-9101-50223 Dental Insurance 58 0 000241-9101-50224 Life Insurance 587 900 900 1,500 600241-9101-50225 Long Term Disability 2,600 3,400 3,400 5,200 1,800241-9101-50230 Workers Comp Insurance 1,936 2,100 2,100 3,700 1,600241-9101-50240 Social Security-Medicare 92 0 000241-9101-50241 Social Security-FICA 9101 - Housing Authority - Admin Totals:173,391 194,000 195,595 343,600 148,005 241 - HOUSING AUTHORITY Totals:173,391 194,000 195,595 343,600 148,005 502 - INFORMATION TECHNOLOGY 0000 - Undesignated 29,252 39,000 39,000 34,600 (4,400)502-0000-50101 Permanent Full Time 1,868 1,700 1,700 1,300 (400)502-0000-50200 PERS-City Portion 5,962 10,300 10,300 8,300 (2,000)502-0000-50221 Medical Insurance 100 0 0 0 0502-0000-50222 Vision Insurance 536 0 0 0 0502-0000-50223 Dental Insurance 11 0 000502-0000-50224 Life Insurance 123 300 300 300 0502-0000-50225 Long Term Disability 424 600 600 600 0502-0000-50240 Social Security-Medicare 0000 - Undesignated Totals:38,275 51,900 51,900 45,100 (6,800) 502 - INFORMATION TECHNOLOGY Totals:38,275 51,900 51,900 45,100 (6,800) 504 - INSURANCE FUND 1010 - Insurance 43,607 38,000 38,000 38,200 200504-1010-50101 Permanent Full Time 137 0 0 0 0504-1010-50105 Salaries - Overtime 4,186 4,400 4,400 4,800 400504-1010-50200 PERS-City Portion 7,985 10,300 10,300 10,300 0504-1010-50221 Medical Insurance 217 300 300 300 0504-1010-50225 Long Term Disability 634 600 600 600 0504-1010-50240 Social Security-Medicare 1010 - Insurance Totals:56,766 53,600 53,600 54,200 600 504 - INSURANCE FUND Totals:56,766 53,600 53,600 54,200 600 416 0 0 0 0 2,824 0 0 0 0 54 0 000 599 1,200 1,200 1,000 (200) 3,800 2,500 2,500 5,500 3,000 1,727 2,200 2,200 2,400 200 166,784 227,600 227,600 263,200 35,600 166,784 227,600 227,600 263,200 35,600 130,085 142,000 143,595 254,800 111,205 750 3,000 3,000 3,000 0 196 200 200 400 200 10,878 10,600 10,600 17,500 6,900 2,262 0 0 0 0 22,129 31,800 31,800 57,500 25,700 337 0 0 0 0 1,482 0 0 0 0 58 0 000 587 900 900 1,500 600 2,600 3,400 3,400 5,200 1,800 1,936 2,100 2,100 3,700 1,600 92 0 000 173,391 194,000 195,595 343,600 148,005 173,391 194,000 195,595 343,600 148,005 29,252 39,000 39,000 34,600 (4,400) 1,868 1,700 1,700 1,300 (400) 5,962 10,300 10,300 8,300 (2,000) 100 0 0 0 0 536 0 0 0 0 11 0 000 123 300 300 300 0 424 600 600 600 0 38,275 51,900 51,900 45,100 (6,800) 38,275 51,900 51,900 45,100 (6,800) 43,607 38,000 38,000 38,200 200 137 0 0 0 0 4,186 4,400 4,400 4,800 400 7,985 10,300 10,300 10,300 0 217 300 300 300 0 634 600 600 600 0 56,766 53,600 53,600 54,200 600 56,766 53,600 53,600 54,200 600 CITY OF LA QUINTA CITYWIDE PAYROLL DETAILS BY FUND FY 2020/21 PROPOSED BUDGET 24 2018/19 Actuals 2019/20 Original 2019/20 Current 2020/21 Proposed B 20/21 vs. Current 19 601 - SILVERROCK RESORT 0000 - Undesignated 51,354 32,400 32,400 0 (32,400)601-0000-50101 Permanent Full Time 3,468 3,800 3,800 0 (3,800)601-0000-50200 PERS-City Portion 3,610 4,200 4,200 0 (4,200)601-0000-50221 Medical Insurance 336 0 0 0 0601-0000-50223 Dental Insurance 16 0 000601-0000-50224 Life Insurance 109 200 200 0 (200)601-0000-50225 Long Term Disability 745 500 500 0 (500)601-0000-50240 Social Security-Medicare 0000 - Undesignated Totals:59,639 41,100 41,100 0 (41,100) 601 - SILVERROCK RESORT Totals:59,639 41,100 41,100 0 (41,100) 760 - SUPPLEMENTAL PENSION PLAN 0000 - Undesignated 12,833 12,850 12,850 12,850 0760-0000-50199 Annual PARS Contribution 0000 - Undesignated Totals:12,833 12,850 12,850 12,850 0 0 - SUPPLEMENTAL PENSION PLAN Totals:12,833 12,850 12,850 12,850 0 SALARY & BENEFITS TOTAL 17,014,974 12,544,050 12,170,645 12,719,250 548,605 51,354 32,400 32,400 0 (32,400) 3,468 3,800 3,800 0 (3,800) 3,610 4,200 4,200 0 (4,200) 336 0 0 0 0 16 0 000 109 200 200 0 (200) 745 500 500 0 (500) 59,639 41,100 41,100 0 (41,100) 59,639 41,100 41,100 0 (41,100) 12,833 12,850 12,850 12,850 0 12,833 12,850 12,850 12,850 0 12,833 12,850 12,850 12,850 0 17,014,974 12,544,050 12,170,645 12,719,250 548,605 CITY OF LA QUINTA CITYWIDE PAYROLL DETAILS BY FUND FY 2020/21 PROPOSED BUDGET 25 This page intentionally left blank. 26 2018/19 Actuals 2019/20 Original 2019/20 Current 2020/21 Proposed 20/21 vs. Current 19/20 -556,329 0 0 0 0101-0000-49500 Transfers In 10,029,405 10,578,600 23,856,657 4,080,000 -19,776,657101-1007-99900 Transfers Out 0 0 500,000 0 -500,000101-2002-99900 Transfers Out -423,500 -595,600 -345,600 -560,000 -214,400201-0000-49500 Transfers In 568,262 682,000 1,009,634 794,200 -215,434201-7003-99900 Transfers Out 0 300,000 300,000 0 -300,000202-3006-99900 Transfers Out -850,000 0 0 0 0203-0000-49500 Transfers In 0 0 0 1,000,000 1,000,000203-0000-99900 Transfers Out 42,894 103,200 128,499 121,900 -6,599210-0000-99900 Transfers Out -268 0 0 0 0213-0000-49500 Transfers In -624,000 -1,294,700 -994,700 -886,000 108,700215-0000-49500 Transfers In -20,229 0 0 0 0217-0000-49500 Transfers In 1,296,611 263,000 4,714,876 0 -4,714,876220-0000-99900 Transfers Out 586,582 1,294,300 2,986,248 1,044,000 -1,942,248223-0000-99900 Transfers Out 0 0 22,618 0 -22,618225-0000-99900 Transfers Out 0 0 10,505 10,505 0231-9001-99900 Transfers Out 0 0 -10,505 -10,505 0237-0000-49500 Transfers In 0 0 278,062 0 -278,062241-9101-99900 Transfers Out -2,975,564 0 -1,500,000 0 1,500,000247-0000-49500 Transfers In -25,242 0 0 0 0250-0000-49500 Transfers In 987,337 83,700 1,230,575 893,000 -337,575250-0000-99900 Transfers Out 0 0 2,400,000 0 -2,400,000251-0000-99900 Transfers Out 0 0 101,639 0 -101,639254-0000-99900 Transfers Out -3,966 -6,000 0 0 0255-0000-49500 Transfers In 3,966 6,000 0 0 0256-0000-99900 Transfers Out 0 -100,000 -100,000 -50,000 50,000270-0000-49500 Transfers In 0 0 600,000 0 -600,000270-0000-99900 Transfers Out -2,000 -2,000 -2,000 -2,000 0275-0000-49500 Transfers In -7,626,741 -11,022,300 -40,606,920 -5,980,100 34,626,820401-0000-49500 Transfers In 311,833 0 0 0 0401-0000-99900 Transfers Out 50,993 0 5,812,738 0 -5,812,738405-0000-99900 Transfers Out -150,000 0 0 0 0501-0000-49500 Transfers In 10,706 50,000 194,837 50,000 -144,837501-0000-99900 Transfers Out -295,000 0 -100,000 0 100,000502-0000-49500 Transfers In 0 0 153,036 0 -153,036503-0000-99900 Transfers Out -555,200 -335,200 -635,200 -500,000 135,200601-0000-49500 Transfers In 69,368 0 0 0 0601-0000-99900 Transfers Out -69,368 0 0 0 0602-0000-49500 Transfers In 105,200 0 0 0 0602-0000-99900 Transfers Out 113,908 0 0 0 0740-0000-99900 Transfers Out 342 0 0 0 0741-0000-99900 Transfers Out 0 -5,000 -5,000 -5,000 0760-0000-49500 Transfers In 0 0 0 0 0 -556,329 0 0 0 0 10,029,405 10,578,600 23,856,657 4,080,000 -19,776,657 0 0 500,000 0 -500,000 -423,500 -595,600 -345,600 -560,000 -214,400 568,262 682,000 1,009,634 794,200 -215,434 0 300,000 300,000 0 -300,000 -850,000 0 0 0 0 0 0 0 1,000,000 1,000,000 42,894 103,200 128,499 121,900 -6,599 -268 0 0 0 0 -624,000 -1,294,700 -994,700 -886,000 108,700 -20,229 0 0 0 0 1,296,611 263,000 4,714,876 0 -4,714,876 586,582 1,294,300 2,986,248 1,044,000 -1,942,248 0 0 22,618 0 -22,618 0 0 10,505 10,505 0 0 0 -10,505 -10,505 0 0 0 278,062 0 -278,062 -2,975,564 0 -1,500,000 0 1,500,000 -25,242 0 0 0 0 987,337 83,700 1,230,575 893,000 -337,575 0 0 2,400,000 0 -2,400,000 0 0 101,639 0 -101,639 -3,966 -6,000 0 0 0 3,966 6,000 0 0 0 0 -100,000 -100,000 -50,000 50,000 0 0 600,000 0 -600,000 -2,000 -2,000 -2,000 -2,000 0 -7,626,741 -11,022,300 -40,606,920 -5,980,100 34,626,820 311,833 0 0 0 0 50,993 0 5,812,738 0 -5,812,738 -150,000 0 0 0 0 10,706 50,000 194,837 50,000 -144,837 -295,000 0 -100,000 0 100,000 0 0 153,036 0 -153,036 -555,200 -335,200 -635,200 -500,000 135,200 69,368 0 0 0 0 -69,368 0 0 0 0 105,200 0 0 0 0 113,908 0 0 0 0 342 0 0 0 0 0 -5,000 -5,000 -5,000 0 0 0 0 0 0 CITY OF LA QUINTA TRANSFERS IN AND OUT SUMMARY BY FUND FY 2020/21 PROPOSED BUDGET 27 2018/19 Actuals 2019/20 Original 2019/20 Current 2020/21 Proposed 20/21 vs. Current 19 101 - GENERAL FUND (556,329)0 0 0 0101-0000-49500 Transfers In 10,029,405 10,578,600 23,856,657 4,080,000 (19,776,657)101-1007-99900 Transfers Out 0 0 500,000 0 (500,000)101-2002-99900 Transfers Out Totals:9,473,076 10,578,600 24,356,657 4,080,000 (20,276,657) 201 - GAS TAX FUND (423,500) (595,600) (345,600) (560,000) (214,400)201-0000-49500 Transfers In 568,262 682,000 1,009,634 794,200 (215,434)201-7003-99900 Transfers Out Totals:144,762 86,400 664,034 234,200 (429,834) 202 - LIBRARY & MUSEUM FUND 0 300,000 300,000 0 (300,000)202-3006-99900 Transfers Out Totals:0 300,000 300,000 0 (300,000) 203 - PUBLIC SAFETY FUND (MEASURE G) (850,000)0 0 0 0203-0000-49500 Transfers In 0 0 0 1,000,000 1,000,000203-0000-99900 Transfers Out Totals:(850,000)0 0 1,000,000 1,000,000 210 - FEDERAL ASSISTANCE FUND 42,894 103,200 128,499 121,900 (6,599)210-0000-99900 Transfers Out Totals:42,894 103,200 128,499 121,900 (6,599) 213 - JAG FUND (268)0 0 0 0213-0000-49500 Transfers In Totals:(268)0 0 0 0 215 - LIGHTING & LANDSCAPING FUND (624,000) (1,294,700) (994,700) (886,000) 108,700215-0000-49500 Transfers In Totals:(624,000) (1,294,700) (994,700) (886,000) 108,700 217 - DEVELOPMENT AGREEMENT (20,229)0 0 0 0217-0000-49500 Transfers In Totals:(20,229)0 0 0 0 220 - QUIMBY FUND 1,296,611 263,000 4,714,876 0 (4,714,876)220-0000-99900 Transfers Out Totals:1,296,611 263,000 4,714,876 0 (4,714,876) 223 - MEASURE A FUND 586,582 1,294,300 2,986,248 1,044,000 (1,942,248)223-0000-99900 Transfers Out Totals:586,582 1,294,300 2,986,248 1,044,000 (1,942,248) 225 - INFRASTRUCTURE FUND 0 0 22,618 0 (22,618)225-0000-99900 Transfers Out Totals:0 0 22,618 0 (22,618) 231 - SUCCESSOR AGCY PA 1 RORF 0 0 10,505 10,505 0231-9001-99900 Transfers Out Totals:0 0 10,505 10,505 0 237 - SUCCESSOR AGCY PA 1 ADMIN 0 0 (10,505) (10,505)0237-0000-49500 Transfers In Totals:0 0 (10,505) (10,505)0 241 - HOUSING AUTHORITY 0 0 278,062 0 (278,062)241-9101-99900 Transfers Out Totals:0 0 278,062 0 (278,062) (556,329)0 0 0 0 10,029,405 10,578,600 23,856,657 4,080,000 (19,776,657) 0 0 500,000 0 (500,000) 9,473,076 10,578,600 24,356,657 4,080,000 (20,276,657) (423,500) (595,600) (345,600) (560,000) (214,400) 568,262 682,000 1,009,634 794,200 (215,434) 144,762 86,400 664,034 234,200 (429,834) 0 300,000 300,000 0 (300,000) 0 300,000 300,000 0 (300,000) (850,000)0 0 0 0 0 0 0 1,000,000 1,000,000 (850,000)0 0 1,000,000 1,000,000 42,894 103,200 128,499 121,900 (6,599) 42,894 103,200 128,499 121,900 (6,599) (268)0 0 0 0 (268)0 0 0 0 (624,000) (1,294,700) (994,700) (886,000) 108,700 (624,000) (1,294,700) (994,700) (886,000) 108,700 (20,229)0 0 0 0 (20,229)0 0 0 0 1,296,611 263,000 4,714,876 0 (4,714,876) 1,296,611 263,000 4,714,876 0 (4,714,876) 586,582 1,294,300 2,986,248 1,044,000 (1,942,248) 586,582 1,294,300 2,986,248 1,044,000 (1,942,248) 0 0 22,618 0 (22,618) 0 0 22,618 0 (22,618) 0 0 10,505 10,505 0 0 0 10,505 10,505 0 0 0 (10,505) (10,505)0 0 0 (10,505) (10,505)0 0 0 278,062 0 (278,062) 0 0 278,062 0 (278,062) CITY OF LA QUINTA TRANSFERS IN AND OUT DETAILED BY FUND FY 2020/21 PROPOSED BUDGET * As of 4/22/2020 28 2018/19 Actuals 2019/20 Original 2019/20 Current 2020/21 Proposed 20/21 vs. Current 19 247 - ECONOMIC DEVELOPMENT FUND (2,975,564)0 (1,500,000)0 1,500,000247-0000-49500 Transfers In Totals:(2,975,564)0 (1,500,000)0 1,500,000 250 - TRANSPORTATION DIF FUND (25,242)0 0 0 0250-0000-49500 Transfers In 987,337 83,700 1,230,575 893,000 (337,575)250-0000-99900 Transfers Out Totals:962,095 83,700 1,230,575 893,000 (337,575) 251 - PARKS & REC DIF FUND 0 0 2,400,000 0 (2,400,000)251-0000-99900 Transfers Out Totals:0 0 2,400,000 0 (2,400,000) 254 - COMMUNITY CENTER DIF 0 0 101,639 0 (101,639)254-0000-99900 Transfers Out Totals:0 0 101,639 0 (101,639) 255 - STREET FACILITY DIF FUND (3,966)(6,000)0 0 0255-0000-49500 Transfers In Totals:(3,966)(6,000)0 0 0 256 - PARK FACILITY DIF FUND 3,966 6,000 0 0 0256-0000-99900 Transfers Out Totals:3,966 6,000 0 0 0 270 - ART IN PUBLIC PLACES FUND 0 (100,000) (100,000) (50,000) 50,000270-0000-49500 Transfers In 0 0 600,000 0 (600,000)270-0000-99900 Transfers Out Totals:0 (100,000) 500,000 (50,000) (550,000) 275 - LQ PUBLIC SAFETY OFFICER (2,000)(2,000)(2,000)(2,000)0275-0000-49500 Transfers In Totals:(2,000)(2,000)(2,000)(2,000)0 401 - CAPITAL IMPROVEMENT PROGRAMS (7,626,741) (11,022,300) (40,606,920) (5,980,100) 34,626,820401-0000-49500 Transfers In 311,833 0 0 0 0401-0000-99900 Transfers Out Totals:(7,314,908) (11,022,300) (40,606,920) (5,980,100) 34,626,820 405 - SA PA 1 CAPITAL IMPRV FUND 50,993 0 5,812,738 0 (5,812,738)405-0000-99900 Transfers Out Totals:50,993 0 5,812,738 0 (5,812,738) 501 - FACILITY & FLEET REPLACEMENT (150,000)0 0 0 0501-0000-49500 Transfers In 10,706 50,000 194,837 50,000 (144,837)501-0000-99900 Transfers Out Totals:(139,294) 50,000 194,837 50,000 (144,837) 502 - INFORMATION TECHNOLOGY (295,000)0 (100,000)0 100,000502-0000-49500 Transfers In Totals:(295,000)0 (100,000)0 100,000 503 - PARK EQUIP & FACILITY FUND 0 0 153,036 0 (153,036)503-0000-99900 Transfers Out Totals:0 0 153,036 0 (153,036) (2,975,564)0 (1,500,000)0 1,500,000 (2,975,564)0 (1,500,000)0 1,500,000 (25,242)0 0 0 0 987,337 83,700 1,230,575 893,000 (337,575) 962,095 83,700 1,230,575 893,000 (337,575) 0 0 2,400,000 0 (2,400,000) 0 0 2,400,000 0 (2,400,000) 0 0 101,639 0 (101,639) 0 0 101,639 0 (101,639) (3,966)(6,000)0 0 0 (3,966)(6,000)0 0 0 3,966 6,000 0 0 0 3,966 6,000 0 0 0 0 (100,000) (100,000) (50,000) 50,000 0 0 600,000 0 (600,000) 0 (100,000) 500,000 (50,000) (550,000) (2,000)(2,000)(2,000)(2,000)0 (2,000)(2,000)(2,000)(2,000)0 (7,626,741) (11,022,300) (40,606,920) (5,980,100) 34,626,820 311,833 0 0 0 0 (7,314,908) (11,022,300) (40,606,920) (5,980,100) 34,626,820 50,993 0 5,812,738 0 (5,812,738) 50,993 0 5,812,738 0 (5,812,738) (150,000)0 0 0 0 10,706 50,000 194,837 50,000 (144,837) (139,294) 50,000 194,837 50,000 (144,837) (295,000)0 (100,000)0 100,000 (295,000)0 (100,000)0 100,000 0 0 153,036 0 (153,036) 0 0 153,036 0 (153,036) CITY OF LA QUINTA TRANSFERS IN AND OUT DETAILED BY FUND FY 2020/21 PROPOSED BUDGET * As of 4/22/2020 29 2018/19 Actuals 2019/20 Original 2019/20 Current 2020/21 Proposed 20/21 vs. Current 19 601 - SILVERROCK RESORT (555,200) (335,200) (635,200) (500,000) 135,200601-0000-49500 Transfers In 69,368 0 0 0 0601-0000-99900 Transfers Out Totals:(485,832) (335,200) (635,200) (500,000) 135,200 602 - SILVERROCK GOLF RESERVE (69,368)0 0 0 0602-0000-49500 Transfers In 105,200 0 0 0 0602-0000-99900 Transfers Out Totals:35,832 0 0 0 0 740 - 2000-1 AGENCY REDEMPTION 113,908 0 0 0 0740-0000-99900 Transfers Out Totals:113,908 0 0 0 0 741 - 2000-1 AGENCY RESERVE FUND 342 0 0 0 0741-0000-99900 Transfers Out Totals:342 0 0 0 0 760 - SUPPLEMENTAL PENSION PLAN 0 (5,000)(5,000)(5,000)0760-0000-49500 Transfers In Totals:0 (5,000)(5,000)(5,000)0 00000 (555,200) (335,200) (635,200) (500,000) 135,200 69,368 0 0 0 0 (485,832) (335,200) (635,200) (500,000) 135,200 (69,368)0 0 0 0 105,200 0 0 0 0 35,832 0 0 0 0 113,908 0 0 0 0 113,908 0 0 0 0 342 0 0 0 0 342 0 0 0 0 0 (5,000)(5,000)(5,000)0 0 (5,000)(5,000)(5,000)0 00000 CITY OF LA QUINTA TRANSFERS IN AND OUT DETAILED BY FUND FY 2020/21 PROPOSED BUDGET * As of 4/22/2020 30 2018/19 Actual Revenues 2019/20 Original Budget 2019/20 Current Budget 2019/20 YTD Activity* 2020/21 Proposed Budget 20/21 vs. Current 19/20 % Change in Budget 310 - Tax Revenues 2,382,606 2,306,200 2,306,200 1,401,433 2,517,000 210,800 9 %101-0000-40310 Property Tax Revenue 4,717,774 4,692,000 4,692,000 2,695,127 4,700,000 8,000 0 %101-0000-40311 No-Low City Property Tax 2,252,301 2,346,000 2,346,000 1,329,616 2,400,000 54,000 2 %101-0000-40315 RPTTF Pass Through 9,947,125 9,535,900 8,235,900 5,536,431 7,628,700 (607,200)-7 %101-0000-41320 State Sales Tax 10,958,118 10,246,500 9,646,500 6,308,919 8,197,200 (1,449,300)-15 %101-0000-41326 Measure G Sales Tax 713,237 575,000 575,000 415,760 500,000 (75,000)-13 %101-0000-41327 Document Transfer Tax 6,718,848 6,600,000 3,830,000 3,859,705 4,031,300 201,300 5 %101-0000-41400 TOT - Hotels 3,489,726 2,800,000 2,205,000 1,851,974 2,093,800 (111,200)-5 %101-0000-41401 TOT - Short Term Vac. Rentals 97,870 100,000 50,000 44,152 80,000 30,000 60 %101-0000-41402 TOT - Bed and Breakfast 376,433 360,000 260,000 244,853 250,000 (10,000)-4 %101-0000-41416 TOT - Resort Fees 791,256 750,000 750,000 533,227 770,000 20,000 3 %101-0000-41505 Franchise Taxes - Burrtec 133,519 129,000 129,000 0 130,000 1,000 1 %101-0000-41508 Southern California Gas Franchise Fee 694,603 600,000 600,000 334,107 600,000 0 0 %101-0000-41509 Cable Television Franchise Fee 304,975 325,000 325,000 129,936 325,000 0 0 %101-0000-41510 Communications Franchise Fees 4,086,536 4,165,000 4,165,000 2,161,868 4,393,000 228,000 5 %101-0000-41800 Property Tax in Lieu of VLF 310 - Tax Revenues Totals:47,664,927 45,530,600 40,115,600 26,847,107 38,616,000 (1,499,600) -4 % 320 - Licenses & Permits 16,575 4,000 4,000 13,000 9,000 5,000 125 %101-0000-41411 STVR Inspection Fee 146,914 120,000 147,000 232,243 117,600 (29,400)-20 %101-0000-41415 STVR Registration Fee 410,762 345,000 345,000 306,207 276,000 (69,000)-20 %101-0000-41600 Business Licenses 3,475 500 500 800 400 (100)-20 %101-0000-41610 Film Permits 146,528 150,000 150,000 179,762 135,000 (15,000)-10 %101-0000-42400 Building Permits 74,983 55,000 55,000 49,775 49,500 (5,500)-10 %101-0000-42401 Plumbing Permits 86,146 75,000 75,000 50,343 67,500 (7,500)-10 %101-0000-42402 Mechanical Permits 56,202 50,000 50,000 43,499 45,000 (5,000)-10 %101-0000-42403 Electrical Permits 197,580 150,000 150,000 132,939 135,000 (15,000)-10 %101-0000-42404 Miscellaneous Permits 9,580 11,000 11,000 5,940 8,800 (2,200)-20 %101-0000-42405 Garage Sale Permits 160 200 200 350 200 0 0 %101-0000-42406 Golf Cart Permits 13,790 7,000 11,000 10,683 9,900 (1,100)-10 %101-0000-42408 Grading Permits 7,314 4,000 4,000 1,687 2,800 (1,200)-30 %101-0000-42410 Driveway Permits 20 500 500 0 0 (500)-100 %101-0000-42414 Massage Permits 53,496 50,000 50,000 56,224 45,000 (5,000)-10 %101-0000-42420 Fire Plan Review Fee 37,518 30,000 30,000 45,351 27,000 (3,000)-10 %101-0000-42421 Fire Inspection Fee 2,078 2,000 2,000 2,142 1,800 (200)-10 %101-0000-42430 Transportation Permits 9,346 13,000 13,000 8,814 10,400 (2,600)-20 %101-0000-42431 Conditional Use Permits 2,875 2,800 2,800 2,389 2,500 (300)-11 %101-0000-42433 Minor Use Permit 14,385 18,000 18,000 18,019 12,900 (5,100)-28 %101-0000-42434 Sign Permit 56,125 54,000 54,000 17,818 38,900 (15,100)-28 %101-0000-42435 Site Development Permit 5,817 12,100 12,100 8,167 10,900 (1,200)-10 %101-0000-42436 Final Landscaping Plans 0 3,300 3,300 0 0 (3,300)-100 %101-0000-42437 Development Agreement 10,087 8,000 8,000 5,052 5,700 (2,300)-29 %101-0000-42439 Temporary Use Permit 183,768 150,000 150,000 88,737 120,000 (30,000)-20 %101-0000-43632 Public Works Permits 0 0 0 6,461 5,000 5,000 0 %101-0000-43638 NPDES Inspections 320 - Licenses & Permits Totals:1,545,524 1,315,400 1,346,400 1,286,401 1,136,800 (209,600) -16 % 330 - Intergovernmental 15,000 0 0 0 0 0 0 %101-0000-41710 State Gov't Revenue 2,382,606 2,306,200 2,306,200 1,401,433 2,517,000 210,800 4,717,774 4,692,000 4,692,000 2,695,127 4,700,000 8,000 2,252,301 2,346,000 2,346,000 1,329,616 2,400,000 54,000 9,947,125 9,535,900 8,235,900 5,536,431 7,628,700 (607,200) 10,958,118 10,246,500 9,646,500 6,308,919 8,197,200 (1,449,300) 713,237 575,000 575,000 415,760 500,000 (75,000) 6,718,848 6,600,000 3,830,000 3,859,705 4,031,300 201,300 3,489,726 2,800,000 2,205,000 1,851,974 2,093,800 (111,200) 97,870 100,000 50,000 44,152 80,000 30,000 376,433 360,000 260,000 244,853 250,000 (10,000) 791,256 750,000 750,000 533,227 770,000 20,000 133,519 129,000 129,000 0 130,000 1,000 694,603 600,000 600,000 334,107 600,000 0 304,975 325,000 325,000 129,936 325,000 0 4,086,536 4,165,000 4,165,000 2,161,868 4,393,000 228,000 47,664,927 45,530,600 40,115,600 26,847,107 38,616,000 (1,499,600) 16,575 4,000 4,000 13,000 9,000 5,000 146,914 120,000 147,000 232,243 117,600 (29,400) 410,762 345,000 345,000 306,207 276,000 (69,000) 3,475 500 500 800 400 (100) 146,528 150,000 150,000 179,762 135,000 (15,000) 74,983 55,000 55,000 49,775 49,500 (5,500) 86,146 75,000 75,000 50,343 67,500 (7,500) 56,202 50,000 50,000 43,499 45,000 (5,000) 197,580 150,000 150,000 132,939 135,000 (15,000) 9,580 11,000 11,000 5,940 8,800 (2,200) 160 200 200 350 200 0 13,790 7,000 11,000 10,683 9,900 (1,100) 7,314 4,000 4,000 1,687 2,800 (1,200) 20 500 500 0 0 (500) 53,496 50,000 50,000 56,224 45,000 (5,000) 37,518 30,000 30,000 45,351 27,000 (3,000) 2,078 2,000 2,000 2,142 1,800 (200) 9,346 13,000 13,000 8,814 10,400 (2,600) 2,875 2,800 2,800 2,389 2,500 (300) 14,385 18,000 18,000 18,019 12,900 (5,100) 56,125 54,000 54,000 17,818 38,900 (15,100) 5,817 12,100 12,100 8,167 10,900 (1,200) 0 3,300 3,300 0 0 (3,300) 10,087 8,000 8,000 5,052 5,700 (2,300) 183,768 150,000 150,000 88,737 120,000 (30,000) 0 0 0 6,461 5,000 5,000 1,545,524 1,315,400 1,346,400 1,286,401 1,136,800 (209,600) 15,000 0 0 0 0 0 CITY OF LA QUINTA GENERAL FUND REVENUE DETAILS FY 2020/21 PROPOSED BUDGET 31 2018/19 Actual Revenues 2019/20 Original Budget 2019/20 Current Budget 2019/20 YTD Activity* 2020/21 Proposed Budget 20/21 vs. Current 19/20 % Change in Budget 0 0 10,669 0 0 (10,669)-100 %101-0000-41720 County Government Revenue 7,071,162 7,127,700 7,127,700 3,919,499 7,270,200 142,500 2 %101-0000-42500 Fire Service Credit 0 975,900 975,900 0 743,700 (232,200)-24 %101-0000-42501 Fire Service Reserves 165,583 455,000 455,000 187,291 455,000 0 0 %101-0000-43633 CSA 152 Assessments 4,500 3,000 3,000 1,500 3,000 0 0 %101-0000-43650 Contributions from Other Agencies 330 - Intergovernmental Totals:7,256,245 8,561,600 8,572,269 4,108,290 8,471,900 (100,369) -1 % 340 - Charges for Services 36,712 45,000 45,000 19,369 27,000 (18,000)-40 %101-0000-42200 Leisure Enrichment 12,078 6,000 6,000 6,668 3,600 (2,400)-40 %101-0000-42202 Gift Shop 41,782 45,000 45,000 23,138 27,000 (18,000)-40 %101-0000-42210 Youth Sports 950 6,000 6,000 705 3,600 (2,400)-40 %101-0000-42211 Adult Sports 43,217 35,000 35,000 27,972 21,000 (14,000)-40 %101-0000-42212 Facility Rental 17,685 20,000 20,000 20,257 12,000 (8,000)-40 %101-0000-42213 Special Event 54,183 55,000 55,000 33,709 33,000 (22,000)-40 %101-0000-42214 Wellness Center Leisure Enrichment 1,126 1,500 1,500 956 900 (600)-40 %101-0000-42216 Senior Center Special Events 137,300 150,000 150,000 104,407 90,000 (60,000)-40 %101-0000-42218 Wellness Center Memberships 111 0 0 4,073 0 0 0 %101-0000-42300 Cash Over/Short 405 200 200 250 200 0 0 %101-0000-42303 NSF Charges 0 5,000 5,000 0 0 (5,000)-100 %101-0000-42411 Village Use Permit 3,168 2,500 2,500 12,660 2,300 (200)-8 %101-0000-42412 Minor Adjustment, Plan Checks 5,036 15,000 15,000 31,181 13,500 (1,500)-10 %101-0000-42415 Tentative Tract Map 22,171 15,000 15,000 21,237 13,500 (1,500)-10 %101-0000-42416 Digitization/Records Management 960 1,500 1,500 3,520 1,200 (300)-20 %101-0000-42417 Modification by Applicant 685 0 0 0 0 0 0 %101-0000-42429 Appeal Bid Process 1,750 1,500 1,500 1,750 1,300 (200)-13 %101-0000-42440 Appeals - Planning Commission 20,518 8,500 8,500 10,707 7,600 (900)-11 %101-0000-42443 Zone Change 1,440 5,000 5,000 2,252 4,000 (1,000)-20 %101-0000-42445 Environmental Assessment 10,406 5,000 5,000 10,465 4,500 (500)-10 %101-0000-42446 General Plan Amendment 7,925 5,000 5,000 5,500 4,500 (500)-10 %101-0000-42447 Home Occupations 20,898 10,000 10,000 10,090 9,000 (1,000)-10 %101-0000-42448 Tenative Parcel Map 4,750 0 0 9,552 0 0 0 %101-0000-42451 Specific Plan 0 0 0 4,508 0 0 0 %101-0000-42460 Pre-Application Review 541,925 450,000 450,000 407,834 405,000 (45,000)-10 %101-0000-42600 Building Plan Check Fees 671 300 300 246 300 0 0 %101-0000-42610 SMIP Fees 1,066 300 300 135 300 0 0 %101-0000-42615 CBSC Administrative Fees 162,857 110,000 110,000 189,316 99,000 (11,000)-10 %101-0000-42810 Public Works Dev. Plan Check Fee 1,710 1,500 1,500 1,283 1,200 (300)-20 %101-0000-43631 CVMSHCP Admin Fee 340 - Charges for Services Totals:1,153,487 999,800 999,800 963,740 785,500 (214,300) -21 % 0 0 10,669 0 0 (10,669) 7,071,162 7,127,700 7,127,700 3,919,499 7,270,200 142,500 0 975,900 975,900 0 743,700 (232,200) 165,583 455,000 455,000 187,291 455,000 0 4,500 3,000 3,000 1,500 3,000 0 7,256,245 8,561,600 8,572,269 4,108,290 8,471,900 (100,369) 36,712 45,000 45,000 19,369 27,000 (18,000) 12,078 6,000 6,000 6,668 3,600 (2,400) 41,782 45,000 45,000 23,138 27,000 (18,000) 950 6,000 6,000 705 3,600 (2,400) 43,217 35,000 35,000 27,972 21,000 (14,000) 17,685 20,000 20,000 20,257 12,000 (8,000) 54,183 55,000 55,000 33,709 33,000 (22,000) 1,126 1,500 1,500 956 900 (600) 137,300 150,000 150,000 104,407 90,000 (60,000) 111 0 0 4,073 0 0 405 200 200 250 200 0 0 5,000 5,000 0 0 (5,000) 3,168 2,500 2,500 12,660 2,300 (200) 5,036 15,000 15,000 31,181 13,500 (1,500) 22,171 15,000 15,000 21,237 13,500 (1,500) 960 1,500 1,500 3,520 1,200 (300) 685 0 0 0 0 0 1,750 1,500 1,500 1,750 1,300 (200) 20,518 8,500 8,500 10,707 7,600 (900) 1,440 5,000 5,000 2,252 4,000 (1,000) 10,406 5,000 5,000 10,465 4,500 (500) 7,925 5,000 5,000 5,500 4,500 (500) 20,898 10,000 10,000 10,090 9,000 (1,000) 4,750 0 0 9,552 0 0 0 0 0 4,508 0 0 541,925 450,000 450,000 407,834 405,000 (45,000) 671 300 300 246 300 0 1,066 300 300 135 300 0 162,857 110,000 110,000 189,316 99,000 (11,000) 1,710 1,500 1,500 1,283 1,200 (300) 1,153,487 999,800 999,800 963,740 785,500 (214,300) CITY OF LA QUINTA GENERAL FUND REVENUE DETAILS FY 2020/21 PROPOSED BUDGET 32 2018/19 Actual Revenues 2019/20 Original Budget 2019/20 Current Budget 2019/20 YTD Activity* 2020/21 Proposed Budget 20/21 vs. Current 19/20 % Change in Budget 350 - Fines, Forfeitures & Abatements 39,456 14,000 14,000 65,852 40,000 26,000 186 %101-0000-42700 Administrative Citations 21,881 3,000 3,000 3,756 3,000 0 0 %101-0000-42701 Lot Abatement 36,301 15,000 15,000 19,554 20,000 5,000 33 %101-0000-42702 Vehicle Abatement 70,040 70,000 70,000 55,544 70,000 0 0 %101-0000-42703 Vehicle Impound Fee 133,042 105,000 105,000 74,633 105,000 0 0 %101-0000-42705 Motor Vehicle Code Fines 26,486 20,000 20,000 31,793 20,000 0 0 %101-0000-42706 Parking Violations 2,125 10,000 10,000 1,233 1,000 (9,000)-90 %101-0000-42707 Misc Fines 8,059 6,500 6,500 0 5,000 (1,500)-23 %101-0000-42708 Graffiti Removal 38,101 25,000 25,000 25,271 20,000 (5,000)-20 %101-0000-42709 False Alarm Fees - Police 8,817 8,000 8,000 3,659 6,000 (2,000)-25 %101-0000-42710 False Alarm Fees - Fire 350 - Fines, Forfeitures & Abatements Totals:384,308 276,500 276,500 281,295 290,000 13,500 5 % 360 - Use of Money & Property 2,295,827 300,000 800,000 1,004,792 700,000 (100,000)-13 %101-0000-41900 Allocated Interest 213,946 110,000 0 0 0 0 0 %101-0000-41915 Non-Allocated Interest 396 0 0 0 0 0 0 %101-0000-42111 Rental Income 140,264 143,000 143,000 107,565 145,000 2,000 1 %101-0000-42120 Lease Revenue - Cell Towers 360 - Use of Money & Property Totals:2,650,433 553,000 943,000 1,112,356 845,000 (98,000)-10 % 370 - Miscellaneous 401,124 400,000 400,000 69,937 400,000 0 0 %101-0000-41410 TOT - Mitigation Measures 26,351 17,000 17,000 0 17,000 0 0 %101-0000-41504 AMR Compliance 108,495 110,000 110,000 55,892 111,000 1,000 1 %101-0000-41507 Burrtec Admin Cost Reimbursement 0 0 0 1,500 0 0 0 %101-0000-41920 Memorial Tree Revenue 60,315 0 11,000 27,988 10,000 (1,000)-9 %101-0000-42000 Insurance Recoveries 129 100 100 15 100 0 0 %101-0000-42140 Sales of Publications & Materials 18,135 25,000 25,000 9,592 15,000 (10,000)-40 %101-0000-42301 Miscellaneous Revenue 58,701 50,000 50,000 12,294 40,000 (10,000)-20 %101-0000-42305 Miscellaneous Reimbursements 8,776 8,000 8,000 5,175 0 (8,000)-100 %101-0000-43505 Credit Card Fee Revenue 1,383,750 200 200 136,491 0 (200)-100 %101-0000-45000 Sale of Other Assets 370 - Miscellaneous Totals:2,065,775 610,300 621,300 318,884 593,100 (28,200)-5 % 380 - Transfers In 556,329 0 0 0 0 0 0 %101-0000-49500 Transfers In 380 - Transfers In Totals:556,329 0 0 0 0 0 0 % 63,277,029 57,847,200 52,874,869 34,918,073 50,738,300 (2,136,569) -4 % 39,456 14,000 14,000 65,852 40,000 26,000 21,881 3,000 3,000 3,756 3,000 0 36,301 15,000 15,000 19,554 20,000 5,000 70,040 70,000 70,000 55,544 70,000 0 133,042 105,000 105,000 74,633 105,000 0 26,486 20,000 20,000 31,793 20,000 0 2,125 10,000 10,000 1,233 1,000 (9,000) 8,059 6,500 6,500 0 5,000 (1,500) 38,101 25,000 25,000 25,271 20,000 (5,000) 8,817 8,000 8,000 3,659 6,000 (2,000) 384,308 276,500 276,500 281,295 290,000 13,500 2,295,827 300,000 800,000 1,004,792 700,000 (100,000) 213,946 110,000 0 0 0 0 396 0 0 0 0 0 140,264 143,000 143,000 107,565 145,000 2,000 2,650,433 553,000 943,000 1,112,356 845,000 (98,000) 401,124 400,000 400,000 69,937 400,000 0 26,351 17,000 17,000 0 17,000 0 108,495 110,000 110,000 55,892 111,000 1,000 0 0 0 1,500 0 0 60,315 0 11,000 27,988 10,000 (1,000) 129 100 100 15 100 0 18,135 25,000 25,000 9,592 15,000 (10,000) 58,701 50,000 50,000 12,294 40,000 (10,000) 8,776 8,000 8,000 5,175 0 (8,000) 1,383,750 200 200 136,491 0 (200) 2,065,775 610,300 621,300 318,884 593,100 (28,200) 556,329 0 0 0 0 0 556,329 0 0 0 0 0 63,277,029 57,847,200 52,874,869 34,918,073 50,738,300 (2,136,569) CITY OF LA QUINTA GENERAL FUND REVENUE DETAILS FY 2020/21 PROPOSED BUDGET 33 Fund: 101 - GENERAL FUNDProperty Tax Revenue2,517,000.00101-0000-40310Property tax estimates are based on HdL consulting estimates. The increase in FY 2019/20 reflects strong home sales in 2019 and a reduction in properties with reduced valuations due to Prop 8 reductions. State Sales Tax7,628,700.00101-0000-41320Bradley Burns state sales tax is 1% of the current sales tax rate (8.75%). Due to COVID-19 impacts, FY 2020/21 projections are 20% below the originally adopted FY 2019/20 budget. Measure G Sales Tax8,197,200.00101-0000-41326Transaction and use sales tax is 1% of the current sales tax rate (8.75%) and is also known as Measure G. Due to COVID- 19 impacts, FY 2020/21 projections are 20% below the originally adopted FY 2019/20 budget. TOT - Hotels4,031,300.00101-0000-4140011% Transient Occupancy Tax for Hotels. Due to COVID-19 impacts, FY 2020/21 projections are 40% below FY 2018/19 actuals. TOT - Short Term Vac. Rentals2,093,800.00101-0000-4140110% Transient Occupancy Tax for short-term vacation rentals. Due to COVID-19 impacts, FY 2020/21 projections are 40% below FY 2018/19 actuals. 80,000.00101-0000-41402TOT - Bed and Breakfast Notes on following pageCITY OF LA QUINTAGENERAL FUND REVENUE BUDGET NOTESFY 2020/21 PROPOSED BUDGET34 10% Transient Occupancy Tax for HotelsDue to COVID-19 impacts, FY 2020/21 projections are below FY 2018/19 actuals. TOT - Mitigation Measures400,000.00101-0000-41410Fees charged based on development agreements, whereby former commercial property was converted to housing developments and mitigation fees cover lost revenue from the change in development. STVR Registration Fee132,300.00101-0000-41415Short-term vacation rental registration fees are $105 per rental unit. Various Licenses and Permits have been reduced due to COVID-19 impacts. TOT - Resort Fees250,000.00101-0000-4141610% of resort fees charged by hotels. The City provides an annual incentive rebate program for hotels collecting a resort fee. Rebate programs are budgeted in Centralized Services. Due to COVID-19 impacts, FY 2020/21 projections are below FY 2018/19 actuals. Franchise Taxes - Burrtec770,000.00101-0000-41505Burrtec Franchise Fee is based on an agreement with the City whereby an administrative fee is recovered by the City and is adjusted annually on January 1st per a consumer price index. The current agreement expires on 6/30/2026. Property Tax in Lieu of VLF4,393,000.00101-0000-41800Property tax in lieu of vehicle license fee (VLF) is derived from the 2004 property tax swap whereby 0.65% of VLF revenue is paid to cities and counties. 700,000.00101-0000-41900Allocated Interest Notes on following page CITY OF LA QUINTAGENERAL FUND REVENUE BUDGET NOTESFY 2020/21 PROPOSED BUDGET35 Interest allocation reductions are due to economic impacts from COVID-19 on the investment market. Leisure Enrichment27,000.00101-0000-42200Various leisure enrichment activity revenues have been reduced as a result of COVID-19 impacts to programming and operations.Fire Plan Review Fee45,000.00101-0000-42420Fire Plan Reviews are conducted in-house by a Riverside County Fire Inspector. Fire Inspection Fee27,000.00101-0000-42421Fire Inspections Fees are a flat fee of $160 collected in-house.Fire Service Credit7,270,200.00101-0000-42500Property tax revenue restricted for fire services.Fire Service Reserves689,800.00101-0000-42501County fire service property tax revenue is held in trust with the County until services are rendered or reimbursements are requested by the City. As of 12/31/19 the Fire Trust fund balance was $10,302,943. CSA 152 Assessments455,000.00101-0000-43633The annual tax assessment is $9.99 per unit. Annual revenue of approximately $300,000. Funds are held by the County until reimbursements are submitted by the City. As of 3/31/20, the reserve balance was $599,721. Reimbursements are restricted to retention basin and storm drain maintenance and equipment. Funding is carried forward from FY 19/20 for CIP reimbursements. CITY OF LA QUINTAGENERAL FUND REVENUE BUDGET NOTESFY 2020/21 PROPOSED BUDGET36 2018/19Actual Expenses2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget1001 - City Council50 - Salaries and Benefits145,163144,000144,000112,763144,00000 %101-1001-50108 Salaries - Council Membe2,6212,4002,4001,9362,40000 %101-1001-50150 Other Compensation8,3889,0009,0006,9199,7007008 %101-1001-50200 PERS-City Portion60,796102,600102,60045,465102,60000 %101-1001-50221 Medical Insurance80400616000 %101-1001-50222 Vision Insurance4,568003,601000 %101-1001-50223 Dental Insurance38400348000 %101-1001-50224 Life Insurance8,3009,2009,2006,9009,20000 %101-1001-50230 Workers Comp Insurance2,1525,6005,6001,6375,60000 %101-1001-50240 Social Security-Medicare3,651002,691000 %101-1001-50241 Social Security-FICA50 - Salaries and Benefits Totals:236,827272,800272,800 182,877273,5007000 %62 - Maintenance & Operations8,4778,0005,0002,3488,0003,00060 %101-1001-60137 Community Special Event30,73125,90015,90013,34710,000(5,900)-37 %101-1001-60320 Travel & Training17850000000 %101-1001-60400 Office Supplies1650000000 %101-1001-60410 Printing1,0061,0001,000430500(500)-50 %101-1001-60420 Operating Supplies62 - Maintenance & Operations Totals:40,40935,90021,90016,12618,500(3,400)-16 %1001 - City Council Totals:277,235308,700294,700 199,003292,000(2,700)-1 %145,163144,000144,000112,763144,00002,6212,4002,4001,9362,40008,3889,0009,0006,9199,70070060,796102,600102,60045,465102,600080400616004,568003,6010038400348008,3009,2009,2006,9009,20002,1525,6005,6001,6375,60003,651002,69100236,827272,800272,800 182,877273,5007008,4778,0005,0002,3488,0003,00030,73125,90015,90013,34710,000(5,900)17850000001650000001,0061,0001,000430500(500)40,40935,90021,90016,12618,500(3,400)277,235308,700294,700 199,003292,000(2,700)CITY OF LA QUINTAGENERAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/202037 Department : 1001 - City CouncilCommunity Special Events8,000.00101-1001-60137Annual City open houseState of the City addressTravel & Training10,000.00101-1001-60320League Annual ConferenceLeague - Legislative Action DaysMayor's CupCouncil Meeting ExpensesPublic Safety Awards CeremonyCITY OF LA QUINTAGENERAL FUND EXPENSE NOTESFY 2020/21 PROPOSED BUDGET38 2018/19Actual Expenses2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget1002 - City Manager50 - Salaries and Benefits492,205469,100472,475309,736365,000(107,475)-23 %101-1002-50101 Permanent Full Time00080 000 %101-1002-50105 Salaries - Overtime1,500000000 %101-1002-50111 Internships1,0299009009061,20030033 %101-1002-50150 Other Compensation42,68344,00044,00022,90930,300(13,700)-31 %101-1002-50200 PERS-City Portion18,000000000 %101-1002-50215 Other Fringe Benefits66,94685,20065,20042,82561,600(3,600)-6 %101-1002-50221 Medical Insurance1,02100582000 %101-1002-50222 Vision Insurance5,650002,892000 %101-1002-50223 Dental Insurance17300138000 %101-1002-50224 Life Insurance1,8942,2002,2001,2141,700(500)-23 %101-1002-50225 Long Term Disability5,3008,7008,7006,5256,300(2,400)-28 %101-1002-50230 Workers Comp Insurance7,4826,8006,8004,5515,300(1,500)-22 %101-1002-50240 Social Security-Medicare9300248000 %101-1002-50241 Social Security-FICA4,000000000 %101-1002-50300 Employee Recognition50 - Salaries and Benefits Totals:647,975616,900600,275 392,607471,400 (128,875)-21 %60 - Contract Services91,09598,00098,00037,44280,000(18,000)-18 %101-1002-60101 Contract Services - Admin15,1307,0007,00011,0977,00000 %101-1002-60103 Professional Services60 - Contract Services Totals:106,225105,000105,00048,54087,000(18,000)-17 %62 - Maintenance & Operations6,0219,0005,0003,9134,000(1,000)-20 %101-1002-60320 Travel & Training89,66780,00089,000100,059102,00013,00015 %101-1002-60351 Membership Dues010,0001003,0422,0001,9001,900 %101-1002-60352 Subscriptions & Publicatio1411,0001,0007301,00000 %101-1002-60400 Office Supplies9331,0001,0006101,00000 %101-1002-60420 Operating Supplies62 - Maintenance & Operations Totals:96,763101,00096,100 108,355110,00013,90014 %69 - Internal Service Charges36,70060,60060,60045,45056,700(3,900)-6 %101-1002-98110 Information Tech Charges69 - Internal Service Charges Totals:36,70060,60060,60045,45056,700(3,900)-6 %1002 - City Manager Totals:887,662883,500861,975 594,952725,100 (136,875)-16 %492,205469,100472,475309,736365,000(107,475)00080 001,500000001,0299009009061,20030042,68344,00044,00022,90930,300(13,700)18,0000000066,94685,20065,20042,82561,600(3,600)1,02100582005,650002,8920017300138001,8942,2002,2001,2141,700(500)5,3008,7008,7006,5256,300(2,400)7,4826,8006,8004,5515,300(1,500)9300248004,00000000647,975616,900600,275 392,607471,400 (128,875)91,09598,00098,00037,44280,000(18,000)15,1307,0007,00011,0977,0000106,225105,000105,00048,54087,000(18,000)6,0219,0005,0003,9134,000(1,000)89,66780,00089,000100,059102,00013,000010,0001003,0422,0001,9001411,0001,0007301,00009331,0001,0006101,000096,763101,00096,100 108,355110,00013,90036,70060,60060,60045,45056,700(3,900)36,70060,60060,60045,45056,700(3,900)887,662883,500861,975 594,952725,100 (136,875)CITY OF LA QUINTAGENERAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020101-1002, City Manager’s Office salaries and benefits in FY 2020/21 were partially reallocated to the Housing Authority Fund in anticipation of increased activity. 39 Department : 1002 - City ManagerPermanent Full Time365,000.00101-1002-5010180% - City Manager (20% Housing Fund, Increased from 10% in FY 2020/21)60% - Assistant to the City Manager (40% Housing Fund, Decreased from 50% in FY 2020/21) 100% - Management Specialist40% - Management Specialist (60% Housing Fund, Increased from 50% in FY 2020/21)20% - Management Assistant (80% Housing Fund, Increased from 25% in FY 2020/21)The Housing Authority is anticipating increased housing activity in FY 2020/21.Staff has been reallcoated to meet business demands. Contract Services - Administra80,000.00101-1002-60101Lobbying ServicesEconomic DevelopmentProfessional Services7,000.00101-1002-60103Title and Appraisal Services Waste Management for Special EventsTravel & Training4,000.00101-1002-60320League of California Cities (LCC) Regional Meetings & Miscellaneous Training such as:Coachella Valley Association of Governments (CVAG),California Cities/Counties Mgmt Foundation (CCMF), Southern CA Association of Governments (SCAG). Membership Dues102,000.00101-1002-60351Notes on following page.CITY OF LA QUINTAGENERAL FUND EXPENSE NOTESFY 2020/21 PROPOSED BUDGET40 International City/County Mgmt Association (ICMA)League of CA Cities (LCC) - RiversideCalifornia Cities/Counties Mgmt Foundation (CCMF)Coachella Valley Association of Governments (CVAG)International Council of Shopping Centers (ICSC)National League of Cities (NLC)Southern CA Association of Governments (SCAG)Subscriptions & Publications2,000.00101-1002-60352Property analysis and grant solutions.CITY OF LA QUINTAGENERAL FUND EXPENSE NOTESFY 2020/21 PROPOSED BUDGET41 This page intentionally left blank. 42 2018/19Actual Expenses2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget3007 - Marketing & Community Relations50 - Salaries and Benefits103,356168,200168,200133,228172,8004,6003 %101-3007-50101 Permanent Full Time00092 000 %101-3007-50105 Salaries - Overtime03,0003,0001,5000(3,000)-100 %101-3007-50111 Internships1710080000 %101-3007-50150 Other Compensation7,01411,80011,8009,05813,4001,60014 %101-3007-50200 PERS-City Portion24,19241,10041,10030,71441,10000 %101-3007-50221 Medical Insurance26900385000 %101-3007-50222 Vision Insurance1,818001,829000 %101-3007-50223 Dental Insurance410056000 %101-3007-50224 Life Insurance5491,0001,0006791,00000 %101-3007-50225 Long Term Disability1,7003,8003,8002,8503,700(100)-3 %101-3007-50230 Workers Comp Insurance1,4992,5002,5001,9552,6001004 %101-3007-50240 Social Security-Medicare00093 000 %101-3007-50241 Social Security-FICA50 - Salaries and Benefits Totals:140,609231,400231,400 182,520234,6003,2001 %60 - Contract Services010,0005,000010,0005,000100 %101-3007-60134 Promotional Items005,669010,7005,03189 %101-3007-60137 Community Engagement241,288287,000320,700228,232169,000(151,700)-47 %101-3007-60151 GPSCVB60 - Contract Services Totals:241,288297,000331,369 228,232189,700 (141,669)-43 %62 - Maintenance & Operations4,25010,00010,0008,9208,000(2,000)-20 %101-3007-60320 Travel & Training13,00440,00040,0004,27525,000(15,000)-38 %101-3007-60351 Membership Dues2,14015,00017,50015,73017,50000 %101-3007-60410 Printing2,3661,6001,6004801,60000 %101-3007-60420 Operating Supplies26,14435,00035,00015,00020,000(15,000)-43 %101-3007-60450 Advertising752,672644,000644,000486,691600,000(44,000)-7 %101-3007-60461 Marketing & Tourism Prom62 - Maintenance & Operations Totals:800,577745,600748,100 531,096672,100(76,000)-10 %69 - Internal Service Charges11,70027,60027,60020,70033,4005,80021 %101-3007-98110 Information Tech Charges69 - Internal Service Charges Totals:11,70027,60027,60020,70033,4005,80021 %Marketing & Community Relations Totals:1,194,1731,301,6001,338,469 962,5481,129,800 (208,669)-16 %103,356168,200168,200133,228172,8004,60000092 0003,0003,0001,5000(3,000)1710080007,01411,80011,8009,05813,4001,60024,19241,10041,10030,71441,100026900385001,818001,82900410056005491,0001,0006791,00001,7003,8003,8002,8503,700(100)1,4992,5002,5001,9552,60010000093 00140,609231,400231,400 182,520234,6003,200010,0005,000010,0005,000005,669010,7005,031241,288287,000320,700228,232169,000(151,700)241,288297,000331,369 228,232189,700 (141,669)4,25010,00010,0008,9208,000(2,000)13,00440,00040,0004,27525,000(15,000)2,14015,00017,50015,73017,50002,3661,6001,6004801,600026,14435,00035,00015,00020,000(15,000)752,672644,000644,000486,691600,000(44,000)800,577745,600748,100 531,096672,100(76,000)11,70027,60027,60020,70033,4005,80011,70027,60027,60020,70033,4005,8001,194,1731,301,6001,338,469 962,5481,129,800 (208,669)CITY OF LA QUINTAGENERAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020101-3007-60151, Greater Palm Springs Convention Visitor’s Bureau (GPSCVB) was reduced in FY 2020/21 as a result of reduced transient occupancy taxes (TOT), which are used to calculate the City’s annual contribution. 43 Department : 3007 - Marketing & Community RelationsPermanent Full Time172,800.00101-3007-50101100% - Marketing & Events Supervisor (new title in FY 2020/21)100% - Management Specialist Promotional Items10,000.00101-3007-60134For Community Resources Special EventsCommunity Engagement10,700.00101-3007-60137Community workshop and eventsGPSCVB169,000.00101-3007-60151Payment of transient occupancy tax (TOT) to the Greater Palm Springs Convention Visitors Bureau for all TOT revenue collected. To jointly encourage, promote, and attract visitors to the Coachella Valley. .0015 of gross rental revenue for non-convention TOT.0035 of gross rental revenue for convention TOTTravel & Training8,000.00101-3007-60320Visit CA - Travel Destination ConferenceCalTravel - Travel Destination ConferenceMembership Dues25,000.00101-3007-60351Economic Development PartnershipsMail ChimpPrinting17,500.00101-3007-60410Citywide business cards, event signs and banners.20,000.00101-3007-60450AdvertisingNotes on following page. CITY OF LA QUINTAGENERAL FUND EXPENSE NOTESFY 2020/21 PROPOSED BUDGET44 AmountNational Date Festival5,000Sponsorships - CVEP Summit, Modernism Week, etc15,000Marketing & Tourism Promotio600,000.00101-3007-60461Photography, Chamber of Commerce Contract, Video, Commercials, Marketing Contracts, Marketing Efforts, Music Licensing, Palm Springs Life Vision and State of the City. CITY OF LA QUINTAGENERAL FUND EXPENSE NOTESFY 2020/21 PROPOSED BUDGET45 This page intentionally left blank. 46 2018/19Actual Expenses2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget1003 - City Attorney60 - Contract Services479,726460,000520,000324,392520,00000 %101-1003-60153 Attorney30,01245,00045,00024,70045,00000 %101-1003-60154 Attorney/Litigation60 - Contract Services Totals:509,738505,000565,000 349,093565,00000 %1003 - City Attorney Totals:509,738505,000565,000 349,093565,00000 %479,726460,000520,000324,392520,000030,01245,00045,00024,70045,0000509,738505,000565,000 349,093565,0000509,738505,000565,000 349,093565,0000CITY OF LA QUINTAGENERAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/202047 This page intentionally left blank. 48 2018/19Actual Expenses2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget1005 - City Clerk50 - Salaries and Benefits232,240252,600256,830219,735269,30012,4705 %101-1005-50101 Permanent Full Time23,84229,00029,00010,05230,0001,0003 %101-1005-50102 Salaries - Part Time00058 000 %101-1005-50105 Salaries - Overtime0001615005000 %101-1005-50150 Other Compensation19,23821,90021,90019,93925,6003,70017 %101-1005-50200 PERS-City Portion60,81180,00080,00054,83580,00000 %101-1005-50221 Medical Insurance84600735000 %101-1005-50222 Vision Insurance3,328002,712000 %101-1005-50223 Dental Insurance10700113000 %101-1005-50224 Life Insurance1,1661,5001,5001,1261,50000 %101-1005-50225 Long Term Disability6,1007,3007,3005,4757,200(100)-1 %101-1005-50230 Workers Comp Insurance3,7566,0006,0003,5116,2002003 %101-1005-50240 Social Security-Medicare1,47800596000 %101-1005-50241 Social Security-FICA0046,00011,99346,00000 %101-1005-50251 Temporary004,0004,0000(4,000)-100 %101-1005-50300 Employee Recognition50 - Salaries and Benefits Totals:352,912398,300452,530 335,041466,30013,7703 %60 - Contract Services104,815100,00051,10010,24799,00047,90094 %101-1005-60103 Professional Services22,48347,0001,000(875)0(1,000)-100 %101-1005-60125 Temporary Agency Servic60 - Contract Services Totals:127,298147,00052,1009,37299,00046,90090 %62 - Maintenance & Operations11,59015,00014,00011,7845,000(9,000)-64 %101-1005-60320 Travel & Training6091,5001,5001,4431,50000 %101-1005-60351 Membership Dues434000000 %101-1005-60352 Subscriptions & Publicatio1,9042,5002,5001,9472,50000 %101-1005-60400 Office Supplies234000000 %101-1005-60410 Printing1,0611,2001,2009801,20000 %101-1005-60420 Operating Supplies2,5184,5003,0001,1163,00000 %101-1005-60450 Advertising62 - Maintenance & Operations Totals:18,34924,70022,20017,27013,200(9,000)-41 %69 - Internal Service Charges42,50053,70053,70040,27565,10011,40021 %101-1005-98110 Information Tech Charges69 - Internal Service Charges Totals:42,50053,70053,70040,27565,10011,40021 %1005 - City Clerk Totals:541,059623,700580,530 401,958643,60063,07011 %232,240252,600256,830219,735269,30012,47023,84229,00029,00010,05230,0001,00000058 0000016150050019,23821,90021,90019,93925,6003,70060,81180,00080,00054,83580,000084600735003,328002,7120010700113001,1661,5001,5001,1261,50006,1007,3007,3005,4757,200(100)3,7566,0006,0003,5116,2002001,47800596000046,00011,99346,0000004,0004,0000(4,000)352,912398,300452,530 335,041466,30013,770104,815100,00051,10010,24799,00047,90022,48347,0001,000(875)0(1,000)127,298147,00052,1009,37299,00046,90011,59015,00014,00011,7845,000(9,000)6091,5001,5001,4431,5000434000001,9042,5002,5001,9472,5000234000001,0611,2001,2009801,20002,5184,5003,0001,1163,000018,34924,70022,20017,27013,200(9,000)42,50053,70053,70040,27565,10011,40042,50053,70053,70040,27565,10011,400541,059623,700580,530 401,958643,60063,070CITY OF LA QUINTAGENERAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020101-3005-60103, Professional Services, includes expenses associated with the 2020 General Election. The fee in 2016 was $56,752. 49 Department : 1005 - City ClerkPermanent Full Time269,300.00101-1005-5010190% - City Clerk (10% Housing)100% - Deputy City Clerk100% - Management Assistant 100% - Administrative AssistantSalaries - Part Time30,000.00101-1005-50102100% - Administrative Technician Part-TimeProfessional Services99,000.00101-1005-60103Municipal Code Text and Online Updates Imaging Scanning ServicesFor The Record Tech Support (DSS Corp) DigiCert Electronic SignaturesFee Study Updates2020 General Election expensesTravel & Training5,000.00101-1005-60320Election Law SeminarCA City Clerks Association Annual Conference & SeminarsMunicipal Clerks Certifications and Training Membership Dues1,500.00101-1005-60351California City Clerks Association (4 Employees)National Notary Association, Errors and Omission Insurance (3)International Institute of Municipal Clerks MembershipAdvertising3,000.00101-1005-60450Public hearing notices, Commission and Board vacancies.CITY OF LA QUINTAGENERAL FUND EXPENSE NOTESFY 2020/21 PROPOSED BUDGET50 2018/19Actual Expenses2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget1004 - Human Resources50 - Salaries and Benefits225,593237,100241,600194,683249,2007,6003 %101-1004-50101 Permanent Full Time34,48641,90041,90028,49541,200(700)-2 %101-1004-50102 Salaries - Part Time137000000 %101-1004-50105 Salaries - Overtime00020 000 %101-1004-50150 Other Compensation22,71323,20023,20020,55226,6003,40015 %101-1004-50200 PERS-City Portion25,38251,30041,30023,65751,30010,00024 %101-1004-50221 Medical Insurance67300538000 %101-1004-50222 Vision Insurance3,810003,279000 %101-1004-50223 Dental Insurance730070000 %101-1004-50224 Life Insurance1,0961,3001,3009551,30000 %101-1004-50225 Long Term Disability3,4005,6005,6004,2005,500(100)-2 %101-1004-50230 Workers Comp Insurance3,7783,5003,5003,3843,7002006 %101-1004-50240 Social Security-Medicare000481 000 %101-1004-50241 Social Security-FICA3,364000000 %101-1004-50244 State Unemployment Insu0007,76420,00020,0000 %101-1004-50251 Temporary3603,5003,5007503,50000 %101-1004-50252 Fitness Membership Reim50 - Salaries and Benefits Totals:324,867367,400361,900 288,830402,30040,40011 %60 - Contract Services56,98580,00030,0007,32310,000(20,000)-67 %101-1004-60103 Professional Services15,32316,50016,5008,04116,50000 %101-1004-60104 Consultants8,23200(993)000 %101-1004-60125 Temporary Agency Servic60 - Contract Services Totals:80,54096,50046,50014,37026,500(20,000)-43 %62 - Maintenance & Operations38,05930,00010,0005,14510,00000 %101-1004-60129 Recruiting/Pre-Employme8,6579,0005,0003,4322,000(3,000)-60 %101-1004-60320 Travel & Training31,52452,00052,00011,00052,00000 %101-1004-60322 Training & Education/MOU12,57211,50011,50010,3865,000(6,500)-57 %101-1004-60340 Employee Recognition Eve6,0146,0006,0005,9956,00000 %101-1004-60351 Membership Dues4230030023930000 %101-1004-60352 Subscriptions & Publicatio2,5472,0001,5001,179500(1,000)-67 %101-1004-60400 Office Supplies0200002002000 %101-1004-60410 Printing8731,0001,0007821,00000 %101-1004-60420 Operating Supplies62 - Maintenance & Operations Totals:100,289112,00087,30038,15977,000(10,300)-12 %69 - Internal Service Charges23,30041,30041,30030,97550,1008,80021 %101-1004-98110 Information Tech Charges69 - Internal Service Charges Totals:23,30041,30041,30030,97550,1008,80021 %1004 - Human Resources Totals:528,995617,200537,000 372,333555,90018,9004 %225,593237,100241,600194,683249,2007,60034,48641,90041,90028,49541,200(700)1370000000020 0022,71323,20023,20020,55226,6003,40025,38251,30041,30023,65751,30010,00067300538003,810003,27900730070001,0961,3001,3009551,30003,4005,6005,6004,2005,500(100)3,7783,5003,5003,3843,700200000481 003,364000000007,76420,00020,0003603,5003,5007503,5000324,867367,400361,900 288,830402,30040,40056,98580,00030,0007,32310,000(20,000)15,32316,50016,5008,04116,50008,23200(993)0080,54096,50046,50014,37026,500(20,000)38,05930,00010,0005,14510,00008,6579,0005,0003,4322,000(3,000)31,52452,00052,00011,00052,000012,57211,50011,50010,3865,000(6,500)6,0146,0006,0005,9956,00004230030023930002,5472,0001,5001,179500(1,000)0200002002008731,0001,0007821,0000100,289112,00087,30038,15977,000(10,300)23,30041,30041,30030,97550,1008,80023,30041,30041,30030,97550,1008,800528,995617,200537,000 372,333555,90018,900CITY OF LA QUINTAGENERAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/202051 Department : 1004 - Human ResourcesPermanent Full Time249,200.00101-1004-50101100% - Human Resources Manager100% - Human Resources Analyst 50% - Management Specialist (50% Insurance Fund)Salaries - Part Time41,200.00101-1004-50102100% Part-Time Administrative Technician (2)Professional Services10,000.00101-1004-60103Leadership DevelopmentConsultants16,500.00101-1004-60104EAP - Wellness WorksTASC - Administration FeeCalPERS - Monthly Medical Premium- Administration feesTAG/AMS DOT Random ScreeningsDMV Medical Exams (Class B)Recruiting/Pre-Employment10,000.00101-1004-60129Interview Panel CostsFingerprintingPhysicals/Drug ScreeningsBackground ChecksTravel & Training2,000.00101-1004-60320Bilingual testingLiebert Cassidy Whitmore (law & labor relations)Educational forums/Misc. trainingMembership Dues6,000.00101-1004-60351Notes on following page CITY OF LA QUINTAGENERAL FUND EXPENSE NOTESFY 2020/21 PROPOSED BUDGET52 Society of HR Management (SHRM)Professionals in HR Association (PIHRA)International Public Management Association for HR (IPMA-HR),World at Work (WOW)CV Employment Relations ConsortiumCA Public Employers Labor Relations Assoc. (CalPELRA), and Engaging Local Government Leaders (ELGL)Subscriptions & Publications300.00101-1004-60352Labor Law Compliance PostersPrinting200.00101-1004-60410Personnel FormsOn-Boarding for New EmployeesCITY OF LA QUINTAGENERAL FUND EXPENSE NOTESFY 2020/21 PROPOSED BUDGET53 This page intentionally left blank. 54 2018/19Actual Expenses2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget2001 - Police60 - Contract Services23,05024,00024,000(19,668)30,0006,00025 %101-2001-60103 Professional Services11,00310,00010,0008,37610,00000 %101-2001-60109 LQ Police Volunteers8,959,6279,680,0009,180,000 5,287,9359,822,600642,6007 %101-2001-60161 Sheriff Patrol313,076326,300326,300206,385349,20022,9007 %101-2001-60162 Police Overtime1,886,6971,916,5001,916,500 1,481,4842,050,700134,2007 %101-2001-60163 Target Team761,593815,500815,500433,888872,60057,1007 %101-2001-60164 Community Services Offic49,34058,00058,00063,449106,00048,00083 %101-2001-60165 Special Enforcement/City 177,091189,500189,50099,869202,80013,3007 %101-2001-60166 Gang Task Force177,091189,500189,500103,871202,80013,3007 %101-2001-60167 Narcotics Task Force96,567182,000182,00087,489194,80012,8007 %101-2001-60168 School Officer1,300,8911,406,5001,406,500356,6521,505,00098,5007 %101-2001-60169 Motor Officer494,805531,600531,600286,205568,80037,2007 %101-2001-60170 Dedicated Sargeants277,455297,200297,200163,829318,00020,8007 %101-2001-60171 Dedicated Lieutenant447,846488,700488,700270,084490,0001,3000 %101-2001-60172 Sheriff - Mileage018,00018,000018,00000 %101-2001-60173 Booking Fees19,18212,00012,00022,00730,00018,000150 %101-2001-60174 Blood/Alcohol Testing147,72095,00095,00033,04595,00000 %101-2001-60175 Special Enforcement Fund437,540504,700504,70047,126540,00035,3007 %101-2001-60176 Sheriff - Other9,5388,0008,0002,8008,00000 %101-2001-60193 Sexual Assault Exam Fees60 - Contract Services Totals:15,590,110 16,753,000 16,253,000 8,934,82617,414,300 1,161,3007 %62 - Maintenance & Operations3412,5002,5007,9175,0002,500100 %101-2001-60320 Travel & Training15,79110,00010,0009,62813,0003,00030 %101-2001-60420 Operating Supplies62 - Maintenance & Operations Totals:16,13212,50012,50017,54518,0005,50044 %66 - Utilities11,47114,00014,0009,06014,00000 %101-2001-61300 Telephone - Utilities66 - Utilities Totals:11,47114,00014,0009,06014,00000 %68 - Capital Expenses035,00065,00065,0726,000(59,000)-91 %101-2001-71031 Vehicles68 - Capital Expenses Totals:035,00065,00065,0726,000(59,000)-91 %69 - Internal Service Charges7,0007,4007,4005,5508,9001,50020 %101-2001-98110 Information Tech Charges32,00044,20044,20033,15046,9002,7006 %101-2001-98140 Facility & Fleet Maintenan69 - Internal Service Charges Totals:39,00051,60051,60038,70055,8004,2008 %2001 - Police Totals:15,656,713 16,866,100 16,396,100 9,065,20317,508,100 1,112,0007 %23,05024,00024,000(19,668)30,0006,00011,00310,00010,0008,37610,00008,959,6279,680,0009,180,000 5,287,9359,822,600642,600313,076326,300326,300206,385349,20022,9001,886,6971,916,5001,916,500 1,481,4842,050,700134,200761,593815,500815,500433,888872,60057,10049,34058,00058,00063,449106,00048,000177,091189,500189,50099,869202,80013,300177,091189,500189,500103,871202,80013,30096,567182,000182,00087,489194,80012,8001,300,8911,406,5001,406,500356,6521,505,00098,500494,805531,600531,600286,205568,80037,200277,455297,200297,200163,829318,00020,800447,846488,700488,700270,084490,0001,300018,00018,000018,000019,18212,00012,00022,00730,00018,000147,72095,00095,00033,04595,0000437,540504,700504,70047,126540,00035,3009,5388,0008,0002,8008,000015,590,110 16,753,000 16,253,000 8,934,82617,414,300 1,161,3003412,5002,5007,9175,0002,50015,79110,00010,0009,62813,0003,00016,13212,50012,50017,54518,0005,50011,47114,00014,0009,06014,000011,47114,00014,0009,06014,0000035,00065,00065,0726,000(59,000)035,00065,00065,0726,000(59,000)7,0007,4007,4005,5508,9001,50032,00044,20044,20033,15046,9002,70039,00051,60051,60038,70055,8004,20015,656,713 16,866,100 16,396,100 9,065,20317,508,100 1,112,000CITY OF LA QUINTAGENERAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/202055 Department : 2001 - PoliceProfessional Services30,000.00101-2001-60103Annual Police Matrix StudySheriff Patrol9,822,600.00101-2001-60161Increases for Police Services in FY 2020/21 are attributed to rising labor and pension costs. No change in daily patrol hours (135) or service levels are incorporated. The contract funds the following positions: 1 Lieutenant, 2 Sergeants, 4 Motor Traffic Officers, 7 Special Enforcement Teams, 2 Deputy Sheriff Officers, and 6 Community Service Officers. Travel & Training5,000.00101-2001-60320Crime prevention officers will provide training to the Citizen's on Patrol. Vehicles6,000.00101-2001-71031Golf cart for Citizens on Patrol.CITY OF LA QUINTAGENERAL FUND EXPENSE NOTESFY 2020/21 PROPOSED BUDGET56 2018/19Actual Expenses2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget2002 - Fire50 - Salaries and Benefits51,952133,100133,100102,593196,00062,90047 %101-2002-50101 Permanent Full Time1,5744,0004,0008014,00000 %101-2002-50105 Salaries - Overtime000601001000 %101-2002-50150 Other Compensation3,5599,3009,3007,13315,4006,10066 %101-2002-50200 PERS-City Portion13,19241,10041,10028,92252,30011,20027 %101-2002-50221 Medical Insurance15800385000 %101-2002-50222 Vision Insurance836001,829000 %101-2002-50223 Dental Insurance300056000 %101-2002-50224 Life Insurance2668008005492,0001,200150 %101-2002-50225 Long Term Disability03,7003,7002,7754,7001,00027 %101-2002-50230 Workers Comp Insurance7692,0002,0001,4992,90090045 %101-2002-50240 Social Security-Medicare50 - Salaries and Benefits Totals:72,335194,000194,000 146,604277,40083,40043 %60 - Contract Services026,00026,00016,55426,00000 %101-2002-60103 Professional Services1,1782,0002,0003,0233,5001,50075 %101-2002-60110 Volunteers - Fire13,37617,60017,60013,14917,60000 %101-2002-60112 Landscape Contract2,5042,6002,6002,2692,60000 %101-2002-60116 Pest Control1,1042,5002,50002,50000 %101-2002-60123 Security & Alarm5,994,7946,659,0006,659,000 3,223,0026,828,900169,9003 %101-2002-60139 Fire Service Costs231,122250,000250,000119,466250,00000 %101-2002-60140 MOU - Indio Ladder Truck060,00060,0009880,00020,00033 %101-2002-60525 Golf Tournament60 - Contract Services Totals:6,244,0797,019,7007,019,700 3,377,5607,211,100191,4003 %62 - Maintenance & Operations1,0583,0003,0002,7983,00000 %101-2002-60320 Travel & Training05005008250000 %101-2002-60351 Membership Dues7981,0001,0007171,20020020 %101-2002-60400 Office Supplies10,4337,2007,2001,3367,20000 %101-2002-60406 Disaster Prep Supplies242500500050000 %101-2002-60410 Printing25,75715,00029,20019,23529,20000 %101-2002-60445 Non-Reimbursable Misc6472,5002,5008082,50000 %101-2002-60545 Small Tools & Equipment8,45550,00091,50012,64750,000(41,500)-45 %101-2002-60670 Fire Station6,96410,00010,0001,72610,00000 %101-2002-60671 Repair & Maintenance - E34,79560,00060,00031,228100,00040,00067 %101-2002-60691 Maintenance/Services62 - Maintenance & Operations Totals:89,149149,700205,40070,577204,100(1,300)-1 %64 - Other Expenses362000000 %101-2002-60195 Natural Disaster/EOC Acti64 - Other Expenses Totals:362000000 %51,952133,100133,100102,593196,00062,9001,5744,0004,0008014,0000000601001003,5599,3009,3007,13315,4006,10013,19241,10041,10028,92252,30011,2001580038500836001,82900300056002668008005492,0001,20003,7003,7002,7754,7001,0007692,0002,0001,4992,90090072,335194,000194,000 146,604277,40083,400026,00026,00016,55426,00001,1782,0002,0003,0233,5001,50013,37617,60017,60013,14917,60002,5042,6002,6002,2692,60001,1042,5002,50002,50005,994,7946,659,0006,659,000 3,223,0026,828,900169,900231,122250,000250,000119,466250,0000060,00060,0009880,00020,0006,244,0797,019,7007,019,700 3,377,5607,211,100191,4001,0583,0003,0002,7983,000005005008250007981,0001,0007171,20020010,4337,2007,2001,3367,20002425005000500025,75715,00029,20019,23529,20006472,5002,5008082,50008,45550,00091,50012,64750,000(41,500)6,96410,00010,0001,72610,000034,79560,00060,00031,228100,00040,00089,149149,700205,40070,577204,100(1,300)3620000036200000CITY OF LA QUINTAGENERAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/202057 2018/19Actual Expenses2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget66 - Utilities1,8613,0003,0001,1492,000(1,000)-33 %101-2002-61100 Gas - Utilities25,73035,00035,00019,84835,00000 %101-2002-61101 Electricity - Utilities11,64316,00016,0008,72116,00000 %101-2002-61200 Water - Utilities13,03316,00016,00013,05116,00000 %101-2002-61300 Telephone - Utilities5,3667,0007,0003,0637,00000 %101-2002-61304 Mobile/Cell Phones/Satell5,0366,0006,0004,8017,0001,00017 %101-2002-61400 Cable - Utilities66 - Utilities Totals:62,67083,00083,00050,63383,00000 %68 - Capital Expenses035,00035,000035,00000 %101-2002-71021 Furniture030,00030,000030,00000 %101-2002-71031 Vehicles110,019035,000010,000(25,000)-71 %101-2002-72110 Building Improvements29,63070,00070,00016,01070,00000 %101-2002-80101 Machinery & Equipment68 - Capital Expenses Totals:139,649135,000170,00016,010145,000(25,000)-15 %69 - Internal Service Charges5,0004,0004,0003,0005,0001,00025 %101-2002-91843 Property & Crime Insuran12,00012,00012,0009,00013,0001,0008 %101-2002-91844 Earthquake Insurance20,00022,00022,00016,50028,4006,40029 %101-2002-98110 Information Tech Charges32,60044,20044,20033,15046,9002,7006 %101-2002-98140 Facility & Fleet Maintenan69 - Internal Service Charges Totals:69,60082,20082,20061,65093,30011,10014 %99 - Transfers Out00500,0005,9400(500,000)-100 %101-2002-99900 Transfers Out99 - Transfers Out Totals:00500,0005,9400 (500,000)-100 %2002 - Fire Totals:6,677,8447,663,6008,254,300 3,728,9748,013,900 (240,400)-3 %1,8613,0003,0001,1492,000(1,000)25,73035,00035,00019,84835,000011,64316,00016,0008,72116,000013,03316,00016,00013,05116,00005,3667,0007,0003,0637,00005,0366,0006,0004,8017,0001,00062,67083,00083,00050,63383,0000035,00035,000035,0000030,00030,000030,0000110,019035,000010,000(25,000)29,63070,00070,00016,01070,0000139,649135,000170,00016,010145,000(25,000)5,0004,0004,0003,0005,0001,00012,00012,00012,0009,00013,0001,00020,00022,00022,00016,50028,4006,40032,60044,20044,20033,15046,9002,70069,60082,20082,20061,65093,30011,10000500,0005,9400(500,000)00500,0005,9400 (500,000)6,677,8447,663,6008,254,300 3,728,9748,013,900 (240,400)CITY OF LA QUINTAGENERAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020101-2002-99900, Transfers Out in 2019/20 were for capital improvements at fire station #70. 58 Department : 2002 - FirePermanent Full Time196,000.00101-2002-50101100% - Senior Emergency Management Coordinator100% - Administrative Assistant15% - Community Resources Director (70% Community Resources Admin, 15% Library & Museum Fund, New in 2020/21)20% - Public Safety Manager (80% Community Resources Admin, New in 2020/21)20% - Administrative Technician (80% Code Compliance, New in 2020/21)Professional Services26,000.00101-2002-60103Public safety announcements, Nixle contract.Landscape Contract17,600.00101-2002-60112Expense is for all three fire stations.Fire Service Costs6,828,900.00101-2002-60139Fire Services are contracted with Riverside County and include the following: Captain, Medic Engineers, Engineers, Fire Fighter II - Medics, Fire Fighter II, Fire Safety Specialist, Overhead/Administration & Direct Operating Expenses, Medic Unit Operating Costs and Fire Engine Replacement Charges. Travel & Training3,000.00101-2002-60320Emergency Preparedness Citywide Training National Emergency Management AcademyMembership Dues500.00101-2002-60351Journal of Emergency Management subscriptionInternational Association of Emergency Managers (IAEM)CITY OF LA QUINTAGENERAL FUND EXPENSE NOTESFY 2020/21 PROPOSED BUDGET59 Printing500.00101-2002-60410Update Emergency Operations Center forms.Maintenance/Services100,000.00101-2002-60691Painting plus regular annual maintenance for each station.Furniture35,000.00101-2002-71021Emergency Operations Center tables, chairs, and desks.Unspent funds in 2019/20 are anticipated for 2020/21.Vehicles30,000.00101-2002-71031Purchase and install emergency lights, radios, decals, etc. fornew equipment and vehicles. Machinery & Equipment70,000.00101-2002-80101Emergency Operations Center equipment and fire station generator upgrades. Unspent funding from FY 2019/20 movedto FY 2020/21. CITY OF LA QUINTAGENERAL FUND EXPENSE NOTESFY 2020/21 PROPOSED BUDGET60 2018/19Actual Expenses2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget3001 - Community Resources Administrati50 - Salaries and Benefits462,143471,000477,750380,408374,000(103,750)-22 %101-3001-50101 Permanent Full Time3,2933,6003,6002,2773,60000 %101-3001-50110 Commissions & Boards01,5001,5001,5090(1,500)-100 %101-3001-50111 Internships9461,2001,200621700(500)-42 %101-3001-50150 Other Compensation34,65937,10037,10029,57932,300(4,800)-13 %101-3001-50200 PERS-City Portion69,65192,30092,30057,64371,800(20,500)-22 %101-3001-50221 Medical Insurance1,07900816000 %101-3001-50222 Vision Insurance4,470003,587000 %101-3001-50223 Dental Insurance18200169000 %101-3001-50224 Life Insurance2,3892,3002,3001,6652,100(200)-9 %101-3001-50225 Long Term Disability6,7008,4008,4006,3006,400(2,000)-24 %101-3001-50230 Workers Comp Insurance6,7496,9006,9005,6295,500(1,400)-20 %101-3001-50240 Social Security-Medicare20400235000 %101-3001-50241 Social Security-FICA004,0004,0000(4,000)-100 %101-3001-50300 Employee Recognition50 - Salaries and Benefits Totals:592,466624,300635,050 494,437496,400 (138,650)-22 %60 - Contract Services025,00025,00000(25,000)-100 %101-3001-60101 Contract Services1,1605,0001,00000(1,000)-100 %101-3001-60103 Professional Services6,8727,0007,0005,2587,00000 %101-3001-60122 Credit Card Fees40,00060,00060,00048,10560,00000 %101-3001-60135 Boys & Girls Club60 - Contract Services Totals:48,03297,00093,00053,36367,000(26,000)-28 %62 - Maintenance & Operations00005,0005,0000 %101-3001-60157 Rent Expense3,2807,5004,5002,5852,500(2,000)-44 %101-3001-60320 Travel & Training700700200030010050 %101-3001-60351 Membership Dues8043,0001,0006432,0001,000100 %101-3001-60400 Office Supplies1,2471,8001,8001,6850(1,800)-100 %101-3001-60420 Operating Supplies88,000110,000110,00053,40060,000(50,000)-45 %101-3001-60510 Grants & Economic Devel02,1002,10006,0003,900186 %101-3001-60527 2-1-1 Hotline6,0003,0003,00003,00000 %101-3001-60531 Homeless Bus Passes62 - Maintenance & Operations Totals:100,031128,100122,60058,31378,800(43,800)-36 %69 - Internal Service Charges46,60062,00062,00046,50058,400(3,600)-6 %101-3001-98110 Information Tech Charges69 - Internal Service Charges Totals:46,60062,00062,00046,50058,400(3,600)-6 %mmunity Resources Administration Totals:787,129911,400912,650 652,612700,600 (212,050)-23 %462,143471,000477,750380,408374,000(103,750)3,2933,6003,6002,2773,600001,5001,5001,5090(1,500)9461,2001,200621700(500)34,65937,10037,10029,57932,300(4,800)69,65192,30092,30057,64371,800(20,500)1,07900816004,470003,5870018200169002,3892,3002,3001,6652,100(200)6,7008,4008,4006,3006,400(2,000)6,7496,9006,9005,6295,500(1,400)2040023500004,0004,0000(4,000)592,466624,300635,050 494,437496,400 (138,650)025,00025,00000(25,000)1,1605,0001,00000(1,000)6,8727,0007,0005,2587,000040,00060,00060,00048,10560,000048,03297,00093,00053,36367,000(26,000)00005,0005,0003,2807,5004,5002,5852,500(2,000)70070020003001008043,0001,0006432,0001,0001,2471,8001,8001,6850(1,800)88,000110,000110,00053,40060,000(50,000)02,1002,10006,0003,9006,0003,0003,00003,0000100,031128,100122,60058,31378,800(43,800)46,60062,00062,00046,50058,400(3,600)46,60062,00062,00046,50058,400(3,600)787,129911,400912,650 652,612700,600 (212,050)CITY OF LA QUINTAGENERAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020101-3001, Community Resources Administration salaries and benefits in FY 2020/21 were partially reallocated to the Fire budget and Library and Museum Fund based on supporting services staff provides for those functions. 61 Department : 3001 - Community Resources AdministrationPermanent Full Time374,000.00101-3001-5010170% - Community Resources Director (15% Fire, 15% Library & Museum Fund, New in 2020/21) 80% - Public Safety Manager (20% Fire, New in 2020/21) 40% - Community Resources Manager (40% Wellness Center Operations, 20% Library & Museum Fund, New in 2020/21) 80% - Community Resources Analyst (20% Library & Museum Fund, New in 2020/21)80% - Administrative Technician (20% Library & Museum Fund, New in 2020/21)Same staffing level with new staff allocations based on current duties in FY 2020/21. Rent Expense5,000.00101-3001-60157YMCA LeaseTravel & Training2,500.00101-3001-60320Leadership training, State of the CityMembership Dues300.00101-3001-60351Engaging Local Government LeadersInternational City/County Management AssociationGrants & Economic Development60,000.00101-3001-60510Community Services Grants are administered per City Policy and selected via a Grant Ad Hoc Commitee. FY 2019/20 budget included funding for additional community requests such as a Fourth of July Celebration. CITY OF LA QUINTAGENERAL FUND EXPENSE NOTESFY 2020/21 PROPOSED BUDGET62 2018/19Actual Expenses2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget3002 - Wellness Center Operations50 - Salaries and Benefits221,344308,000310,250248,466308,800(1,450)0 %101-3002-50101 Permanent Full Time61,773120,000124,07057,185117,500(6,570)-5 %101-3002-50102 Salaries - Part Time1,3231,7001,7001,3551,70000 %101-3002-50150 Other Compensation20,92930,70030,70026,51033,2002,5008 %101-3002-50200 PERS-City Portion47,18192,30082,30053,27590,3008,00010 %101-3002-50221 Medical Insurance98100963000 %101-3002-50222 Vision Insurance4,257003,908000 %101-3002-50223 Dental Insurance11000126000 %101-3002-50224 Life Insurance8271,8001,8001,2941,80000 %101-3002-50225 Long Term Disability5,8006,6006,6004,9508,1001,50023 %101-3002-50230 Workers Comp Insurance4,1494,5004,5004,4674,50000 %101-3002-50240 Social Security-Medicare2,490001,475000 %101-3002-50241 Social Security-FICA50 - Salaries and Benefits Totals:371,164565,600561,920 403,975565,9003,9801 %60 - Contract Services2,5004,3004,3002,5004,30000 %101-3002-60103 Professional Services66,63692,00047,00041,07730,000(17,000)-36 %101-3002-60107 Instructors3,0003,0003,0003,0003,00000 %101-3002-60108 Technical60 - Contract Services Totals:72,13699,30054,30046,57737,300(17,000)-31 %62 - Maintenance & Operations05,0005,0002,9003,000(2,000)-40 %101-3002-60157 Rental Expense005002591,000500100 %101-3002-60320 Travel & Training02,00000000 %101-3002-60321 Training & Education9557,6002,6001,5713,00040015 %101-3002-60351 Membership Dues966900900508500(400)-44 %101-3002-60352 Subscriptions & Publicatio1,1873,0002,5001,8252,50000 %101-3002-60400 Office Supplies56,64649,00034,00027,29232,500(1,500)-4 %101-3002-60420 Operating Supplies01,0001,00001,00000 %101-3002-60432 Tools/Equipment62 - Maintenance & Operations Totals:59,75468,50046,50034,35343,500(3,000)-6 %69 - Internal Service Charges40,80048,20048,20036,15073,40025,20052 %101-3002-98110 Information Tech Charges16,30014,80014,80011,10015,7009006 %101-3002-98140 Facility & Fleet Maintenan69 - Internal Service Charges Totals:57,10063,00063,00047,25089,10026,10041 %3002 - Wellness Center Operations Totals:560,154796,400725,720 532,155735,80010,0801 %221,344308,000310,250248,466308,800(1,450)61,773120,000124,07057,185117,500(6,570)1,3231,7001,7001,3551,700020,92930,70030,70026,51033,2002,50047,18192,30082,30053,27590,3008,00098100963004,257003,9080011000126008271,8001,8001,2941,80005,8006,6006,6004,9508,1001,5004,1494,5004,5004,4674,50002,490001,47500371,164565,600561,920 403,975565,9003,9802,5004,3004,3002,5004,300066,63692,00047,00041,07730,000(17,000)3,0003,0003,0003,0003,000072,13699,30054,30046,57737,300(17,000)05,0005,0002,9003,000(2,000)005002591,00050002,00000009557,6002,6001,5713,000400966900900508500(400)1,1873,0002,5001,8252,500056,64649,00034,00027,29232,500(1,500)01,0001,00001,000059,75468,50046,50034,35343,500(3,000)40,80048,20048,20036,15073,40025,20016,30014,80014,80011,10015,70090057,10063,00063,00047,25089,10026,100560,154796,400725,720 532,155735,80010,080CITY OF LA QUINTAGENERAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/202063 Department : 3002 - Wellness Center OperationsPermanent Full Time308,800.00101-3002-5010140% - Community Resources Manager (40% Community Resources Administration, 15% Library & Museum Fund, New in 2020/21) 100% - Community Resources Specialist100% - Community Resources Coordinator100% - Administrative Assistant 100% - Maintenance & Operations Superintendent Salaries - Part Time117,500.00101-3002-50102100% - Recreational Leaders (8)Professional Services4,300.00101-3002-60103Retired senior volunteer program, Annual volunteer sponsorships to Watercolors of La Quinta, Boys & Girls Club ofLa Quinta, and the California Highway Patrol. Instructors30,000.00101-3002-60107Instructors for fitness classes. Programing will be evaluatedusing COVID-19 guidance. Technical3,000.00101-3002-60108Annual sponsorship for the Riverside County Senior InspirationAwards. Rental Expense3,000.00101-3002-60157General insurances and security guards for facility rentals.Travel & Training1,000.00101-3002-60320Park and Recreational Activity Program Training & CertificationsMembership Dues3,000.00101-3002-60351Notes on following page. CITY OF LA QUINTAGENERAL FUND EXPENSE NOTESFY 2020/21 PROPOSED BUDGET64 AmountMotion Picture Licensing Corp500National Council on Aging100TechnoGym Apps2,400Subscriptions & Publications500.00101-3002-60352AmountDesert Sun Newspaper300Wellness Publications200CITY OF LA QUINTAGENERAL FUND EXPENSE NOTESFY 2020/21 PROPOSED BUDGET65 This page intentionally left blank. 66 2018/19Actual Expenses2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget3003 - Recreation Programs & Special Eve50 - Salaries and Benefits39,70152,80052,80042,11755,5002,7005 %101-3003-50101 Permanent Full Time79,73999,100102,43060,639117,50015,07015 %101-3003-50102 Salaries - Part Time00020 000 %101-3003-50150 Other Compensation4,93411,10011,1004,53211,10000 %101-3003-50200 PERS-City Portion6,09020,60020,6006,16320,60000 %101-3003-50221 Medical Insurance920083000 %101-3003-50222 Vision Insurance20600197000 %101-3003-50223 Dental Insurance310028000 %101-3003-50224 Life Insurance2121,9001,9002301,800(100)-5 %101-3003-50225 Long Term Disability1,7001,9001,9001,4251,90000 %101-3003-50230 Workers Comp Insurance1,73513,10013,1001,49013,2001001 %101-3003-50240 Social Security-Medicare2,901002,295000 %101-3003-50241 Social Security-FICA50 - Salaries and Benefits Totals:137,341200,500203,830 119,218221,60017,7709 %60 - Contract Services000030,00030,0000 %101-3003-60184 Fritz Burns Pool Programm60 - Contract Services Totals:000030,00030,0000 %62 - Maintenance & Operations209,467299,000330,000249,670150,000(180,000)-55 %101-3003-60149 Community Experiences6762,4002,4008531,000(1,400)-58 %101-3003-60157 Rental Expense01,000001,0001,0000 %101-3003-60320 Travel & Training2002,4004002001,000600150 %101-3003-60351 Membership Dues3,61811,5008,5004,9564,000(4,500)-53 %101-3003-60420 Operating Supplies0045,00025,92945,00000 %101-3003-60512 LQ Art Event62 - Maintenance & Operations Totals:213,961316,300386,300 281,608202,000 (184,300)-48 %69 - Internal Service Charges11,70013,80013,80010,35016,7002,90021 %101-3003-98110 Information Tech Charges32,60029,20029,20021,90031,3002,1007 %101-3003-98140 Facility & Fleet Maintenan69 - Internal Service Charges Totals:44,30043,00043,00032,25048,0005,00012 %creation Programs & Special Events Totals:395,602559,800633,130 433,077501,600 (131,530)-21 %39,70152,80052,80042,11755,5002,70079,73999,100102,43060,639117,50015,07000020 004,93411,10011,1004,53211,10006,09020,60020,6006,16320,6000920083002060019700310028002121,9001,9002301,800(100)1,7001,9001,9001,4251,90001,73513,10013,1001,49013,2001002,901002,29500137,341200,500203,830 119,218221,60017,770000030,00030,000000030,00030,000209,467299,000330,000249,670150,000(180,000)6762,4002,4008531,000(1,400)01,000001,0001,0002002,4004002001,0006003,61811,5008,5004,9564,000(4,500)0045,00025,92945,0000213,961316,300386,300 281,608202,000 (184,300)11,70013,80013,80010,35016,7002,90032,60029,20029,20021,90031,3002,10044,30043,00043,00032,25048,0005,000395,602559,800633,130 433,077501,600 (131,530)CITY OF LA QUINTAGENERAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020101-3003-60149, Community Experiences were reduced in FY 2020/21 to due COVID-19 impacts. Cancelled events include: Brew in LQ, Toast to LQ, Tacos & Tequila, Street Food Cinema, Movies at Fritz Burn Pool, SilverRock Event Site opening gathering, Desert Youth Olympics, and the Easter Egg Hunt. 67 Department : 3003 - Recreation Programs & Special EventsPermanent Full Time55,500.00101-3003-50101100% - Management AssistantSalaries - Part Time117,500.00101-3003-50102100% - Senior Recreational Leaders (2)100% - Recreational Leaders (3)Community Experiences150,000.00101-3003-60149Special events, Programing will be determined by COVID-19 guidance. Anticipated events include 9/11 Vigil, Veteran's Day Celebration, Tree Lighting, Ironman, City Picnic, Art on Main, Summer Golf, Mission LQ Rocket Launch, Pillars of the Community, and Soaring Over LQ Kite Experience. Rental Expense1,000.00101-3003-60157Special event insurances and security guards for events.Fritz Burns Pool Programming30,000.00101-3003-60184Previous year operating expenses were budgeted in account number 101-3005-60184 (Parks Maintenance division). Programming for FY 2020/21 will be greatly impacted by COVID-19 regulatory requirements. Travel & Training1,000.00101-3003-60320Park and Recreation Program training and certificationsMembership Dues1,000.00101-3003-60351Americans for ArtCalifornia Parks and Recreation SocietyCITY OF LA QUINTAGENERAL FUND EXPENSE NOTESFY 2020/21 PROPOSED BUDGET68 2018/19Actual Expenses2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget6004 - Code Compliance/Animal Control50 - Salaries and Benefits501,713567,900548,200413,361563,10014,9003 %101-6004-50101 Permanent Full Time5,62510,00010,0005,38810,00000 %101-6004-50105 Salaries - Overtime000501001000 %101-6004-50106 Standby15350050040750000 %101-6004-50150 Other Compensation49,00557,50057,50040,59559,2001,7003 %101-6004-50200 PERS-City Portion104,260164,100154,10088,422160,0005,9004 %101-6004-50221 Medical Insurance1,831001,409000 %101-6004-50222 Vision Insurance7,487006,109000 %101-6004-50223 Dental Insurance21800208000 %101-6004-50224 Life Insurance2,7223,3003,3002,1503,30000 %101-6004-50225 Long Term Disability11,60013,10013,1009,82514,3001,2009 %101-6004-50230 Workers Comp Insurance7,4628,3008,3006,4048,200(100)-1 %101-6004-50240 Social Security-Medicare000570 000 %101-6004-50241 Social Security- FICA0006,35628,20028,2000 %101-6004-50251 Temporary4,00004,0004,0000(4,000)-100 %101-6004-50300 Employee Recognition50 - Salaries and Benefits Totals:696,076824,700799,000 585,256846,90047,9006 %60 - Contract Services18,86045,00015,0008,4215,000(10,000)-67 %101-6004-60103 Professional Services1852,0002,0007682,00000 %101-6004-60108 Technical19,57925,00025,0009,45015,000(10,000)-40 %101-6004-60111 Administrative Citation Se4001,0001,00001,00000 %101-6004-60119 Vehicle Abatement8,31220,00020,0009,8691,000(19,000)-95 %101-6004-60120 Lot Cleaning/Gravel Progr0005395005000 %101-6004-60122 Credit Card Fees8,90310,0006,0004,5860(6,000)-100 %101-6004-60125 Temporary Agency Servi10,50015,00015,0009,00015,00000 %101-6004-60194 Veterinary Service144,196190,000190,00078,747225,00035,00018 %101-6004-60197 Animal Shelter Contract S60 - Contract Services Totals:210,935308,000274,000 121,380264,500(9,500)-3 %62 - Maintenance & Operations05,0005,00005,00000 %101-6004-60121 Low-Income Housing Gra02,0002,00000(2,000)-100 %101-6004-60130 Resident Assistance Progr2,0873,0003,0001,2711,000(2,000)-67 %101-6004-60320 Travel & Training47560060057070010017 %101-6004-60351 Membership Dues4,0692,2002,2001,7272,20000 %101-6004-60400 Office Supplies94710,0005,00005,00000 %101-6004-60410 Printing2,7652,0002,0008261,000(1,000)-50 %101-6004-60425 Supplies - Field3,7894,0002,0001,2272,00000 %101-6004-60690 Uniforms62 - Maintenance & Operations Totals:14,13228,80021,8005,62216,900(4,900)-22 %69 - Internal Service Charges81,50096,40096,40072,300130,10033,70035 %101-6004-98110 Information Tech Charges81,50088,40088,40066,30093,8005,4006 %101-6004-98140 Facility & Fleet Maintenan69 - Internal Service Charges Totals:163,000184,800184,800 138,600223,90039,10021 %- Code Compliance/Animal Control Totals:1,084,1441,346,3001,279,600 850,8571,352,20072,6006 %501,713567,900548,200413,361563,10014,9005,62510,00010,0005,38810,000000050100100153500500407500049,00557,50057,50040,59559,2001,700104,260164,100154,10088,422160,0005,9001,831001,409007,487006,1090021800208002,7223,3003,3002,1503,300011,60013,10013,1009,82514,3001,2007,4628,3008,3006,4048,200(100)000570 000006,35628,20028,2004,00004,0004,0000(4,000)696,076824,700799,000 585,256846,90047,90018,86045,00015,0008,4215,000(10,000)1852,0002,0007682,000019,57925,00025,0009,45015,000(10,000)4001,0001,00001,00008,31220,00020,0009,8691,000(19,000)0005395005008,90310,0006,0004,5860(6,000)10,50015,00015,0009,00015,0000144,196190,000190,00078,747225,00035,000210,935308,000274,000 121,380264,500(9,500)05,0005,00005,000002,0002,00000(2,000)2,0873,0003,0001,2711,000(2,000)4756006005707001004,0692,2002,2001,7272,200094710,0005,00005,00002,7652,0002,0008261,000(1,000)3,7894,0002,0001,2272,000014,13228,80021,8005,62216,900(4,900)81,50096,40096,40072,300130,10033,70081,50088,40088,40066,30093,8005,400163,000184,800184,800 138,600223,90039,1001,084,1441,346,3001,279,600 850,8571,352,20072,600CITY OF LA QUINTAGENERAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/202069 Department : 6004 - Code Compliance/Animal ControlPermanent Full Time563,100.00101-6004-50101100% -Code Compliance Supervisor (new title in FY 2020/21)100% - Public Safety Analyst100% - Code Compliance Officer II (4)100% - Code Compliance Officer I80% - Administrative Technician (20% Fire)Professional Services5,000.00101-6004-60103Short-term vacation rental hotline and vacation rental compliance. Technical2,000.00101-6004-60108Riverside County recording fees for liens.Administrative Citation Service15,000.00101-6004-60111Data ticket processing of code compliance and police citations. Some processing is now being conducted by City staff. Travel & Training1,000.00101-6004-60320Code Enforcement officer training events.Membership Dues700.00101-6004-60351Annual memberships for Code Officers to CA Association of Code Enforcement Officers (CACEO).Printing5,000.00101-6004-60410Community educational outreach.CITY OF LA QUINTAGENERAL FUND EXPENSE NOTESFY 2020/21 PROPOSED BUDGET70 2018/19Actual Expenses2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget3005 - Parks Maintenance50 - Salaries and Benefits344,339241,900241,900188,483254,00012,1005 %101-3005-50101 Permanent Full Time52200200359600400200 %101-3005-50105 Salaries - Overtime2,4703,3003,3002,2803,5002006 %101-3005-50106 Standby3,2225,3005,3003,1214,000(1,300)-25 %101-3005-50107 Standby Overtime51100140000 %101-3005-50150 Other Compensation29,31723,20023,20015,41219,500(3,700)-16 %101-3005-50200 PERS-City Portion72,52359,50059,50043,60882,10022,60038 %101-3005-50221 Medical Insurance1,06700644000 %101-3005-50222 Vision Insurance4,559003,503000 %101-3005-50223 Dental Insurance1410087000 %101-3005-50224 Life Insurance1,5321,8001,8008621,9001006 %101-3005-50225 Long Term Disability6,5007,7007,7005,7755,500(2,200)-29 %101-3005-50230 Workers Comp Insurance5,0763,5003,5002,9503,7002006 %101-3005-50240 Social Security-Medicare50 - Salaries and Benefits Totals:471,310346,400346,400 267,225374,80028,4008 %60 - Contract Services1000 000 %101-3005-60104 Consultants430,212502,700502,700418,900452,400(50,300)-10 %101-3005-60112 Landscape Contract312000000 %101-3005-60113 Landscape Improvements195000000 %101-3005-60115 Janitorial60 - Contract Services Totals:430,720502,700502,700 418,900452,400(50,300)-10 %62 - Maintenance & Operations17,47030,00030,00014,28430,00000 %101-3005-60117 Civic Center Lake Mainten4501,0001,0004751,00000 %101-3005-60136 Lighting Service59,072159,000202,940125,37340,000(162,940)-80 %101-3005-60184 Fritz Burns Pool Maintena2,9715,0005,0004,4506,0001,00020 %101-3005-60320 Travel & Training7301,0001,0007351,00000 %101-3005-60351 Membership Dues1,0541,0001,0005701,00000 %101-3005-60400 Office Supplies000563 000 %101-3005-60420 Operating Supplies4,22225,00025,00023,19810,000(15,000)-60 %101-3005-60423 Supplies-Graffiti and Vand4866006003751,00040067 %101-3005-60427 Safety Gear14,778120,000100,00067,40360,000(40,000)-40 %101-3005-60431 Materials/Supplies3,4232,0002,0001,3203,0001,00050 %101-3005-60432 Tools/Equipment16,35415,00030,96030,32931,000400 %101-3005-60554 LQ Park Water Feature7,01910,00010,00090010,00000 %101-3005-60557 Tree Maintenance8711,0001,0009482,5001,500150 %101-3005-60690 Uniforms63,32740,000122,00059,29270,000(52,000)-43 %101-3005-60691 Maintenance/Services62 - Maintenance & Operations Totals:192,229410,600532,500 330,212266,500 (266,000)-50 %66 - Utilities0003,402000 %101-3005-61100 Gas-Utilities FB Pool15730030011830000 %101-3005-61102 Electric - Monticello Park 22,56130,00030,00024,60130,00000 %101-3005-61103 Electric - Civic Center Par471201202812000 %101-3005-61104 Electric - Pioneer Park - U15,01816,80016,80010,25916,80000 %101-3005-61105 Electric - Fritz Burns Park344,339241,900241,900188,483254,00012,100522002003596004002,4703,3003,3002,2803,5002003,2225,3005,3003,1214,000(1,300)511001400029,31723,20023,20015,41219,500(3,700)72,52359,50059,50043,60882,10022,6001,06700644004,559003,503001410087001,5321,8001,8008621,9001006,5007,7007,7005,7755,500(2,200)5,0763,5003,5002,9503,700200471,310346,400346,400 267,225374,80028,4001000 00430,212502,700502,700418,900452,400(50,300)3120000019500000430,720502,700502,700 418,900452,400(50,300)17,47030,00030,00014,28430,00004501,0001,0004751,000059,072159,000202,940125,37340,000(162,940)2,9715,0005,0004,4506,0001,0007301,0001,0007351,00001,0541,0001,0005701,0000000563 004,22225,00025,00023,19810,000(15,000)4866006003751,00040014,778120,000100,00067,40360,000(40,000)3,4232,0002,0001,3203,0001,00016,35415,00030,96030,32931,000407,01910,00010,00090010,00008711,0001,0009482,5001,50063,32740,000122,00059,29270,000(52,000)192,229410,600532,500 330,212266,500 (266,000)0003,40200157300300118300022,56130,00030,00024,60130,00004712012028120015,01816,80016,80010,25916,8000CITY OF LA QUINTAGENERAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/202071 2018/19Actual Expenses2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget29,23936,00036,00026,67036,00000 %101-3005-61106 Electric - Sports Complex3,6194,8004,8002,9234,80000 %101-3005-61108 Electric - Colonel Paige - 37,28342,00042,00030,07942,00000 %101-3005-61109 Electric - Community Park40684084037484000 %101-3005-61110 Electric - Adams Park - Ut16124024013524000 %101-3005-61111 Electric - Velasco Park - U26236036024036000 %101-3005-61113 Electric - Eisenhower Park15724024011824000 %101-3005-61114 Electric - Desert Pride - U23,29220,00030,00018,85930,00000 %101-3005-61201 Water -Monticello Park - U32,48730,00038,00020,90338,00000 %101-3005-61202 Water - Civic Center Park1,1831,5001,5001,7542,00050033 %101-3005-61203 Water -Eisenhower Park -23,15925,00025,00021,04725,00000 %101-3005-61204 Water -Fritz Burns Park - 9471,0001,0008821,00000 %101-3005-61205 Water -Velasco Park - Uti3,6324,0004,0004,7875,0001,00025 %101-3005-61206 Water -Desert Pride - Util11,59015,00015,0008,00415,00000 %101-3005-61207 Water -Pioneer Park - Uti22030030017730000 %101-3005-61208 Water -Seasons Park - Ut71,02165,00087,00056,63186,000(1,000)-1 %101-3005-61209 Water -Community Park -02,0002,00002,00000 %101-3005-61210 Water - Adams Park - Uti8451,0001,0008781,00000 %101-3005-61300 Telephone - Utilities66 - Utilities Totals:277,287296,500336,500 232,871337,0005000 %69 - Internal Service Charges45,40056,50056,50042,37550,100(6,400)-11 %101-3005-98110 Information Tech Charges655,000674,000337,000337,000372,50035,50011 %101-3005-98130 Park Equipment Maintena48,90044,20044,20033,15046,2002,0005 %101-3005-98140 Facility & Fleet Maintenan69 - Internal Service Charges Totals:749,300774,700437,700 412,525468,80031,1007 %3005 - Parks Maintenance Totals:2,120,8462,330,9002,155,800 1,661,7331,899,500 (256,300)-12 %29,23936,00036,00026,67036,00003,6194,8004,8002,9234,800037,28342,00042,00030,07942,0000406840840374840016124024013524002623603602403600157240240118240023,29220,00030,00018,85930,000032,48730,00038,00020,90338,00001,1831,5001,5001,7542,00050023,15925,00025,00021,04725,00009471,0001,0008821,00003,6324,0004,0004,7875,0001,00011,59015,00015,0008,00415,0000220300300177300071,02165,00087,00056,63186,000(1,000)02,0002,00002,00008451,0001,0008781,0000277,287296,500336,500 232,871337,00050045,40056,50056,50042,37550,100(6,400)655,000674,000337,000337,000372,50035,50048,90044,20044,20033,15046,2002,000749,300774,700437,700 412,525468,80031,1002,120,8462,330,9002,155,800 1,661,7331,899,500 (256,300)CITY OF LA QUINTAGENERAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020101-3005 Parks Maintenance and Operations are reduced; however, delayed improvements include: laser leveling the infields at the Sports Complex; painting the light posts at Civic Center Campus, a concrete design at Adams Park, and installation of light clock timers for Citywide parks.72 Department : 3005 - Parks MaintenancePermanent Full Time254,000.00101-3005-5010150% - Facilities Deputy Director (50% Public Buildings, new in 2020/21)50% - Parks/L&L Foreman (50% Lighting & Landscape Fund, new title in 2020/21) 50% - Maintenance Worker II (50% Lighting & Landscape Fund)50% - Maintenance Worker I (3) (50% Lighting & Landscape Fund, new in 2020/21) 50% - Administrative Technician (50% Public Buildings, new title in 2020/21)50% Management Analyst (50% Lighting & Landscape Fund)Same staffing levels with new staff allocations based on current duties in FY 2020/21. Landscape Contract452,400.00101-3005-60112Landscape contract services under evaluation for cost savings without major maintenance impacts. Fritz Burns Pool Maintenance40,000.00101-3005-60184Pool maintenance servicesFY 2019/20 included Fritz Burns Pool operating contract services, these have been moved to 101-3003-60184.Travel & Training6,000.00101-3005-60320Aquatic Facility Operator CourseMaintenance Agreement SchoolPlayground CertificationsMembership Dues1,000.00101-3005-60351AmountCA Parks & Recreation Association (CPRS)500National Park & Recreation Association (NPRA)500Maintenance/Services70,000.00101-3005-60691Notes on following page CITY OF LA QUINTAGENERAL FUND EXPENSE NOTESFY 2020/21 PROPOSED BUDGET73 Weed removal, valve repairs, trail signs, irrigation clock and controller repairs. Delayed improvements include: Laser level the infields at the Sports Complex; painting the light posts at Civic Center Campus and the concrete design at Adams Park, and installation of light clock timers for Citywide parks. Park Equipment Maintenance372,500.00101-3005-9813050% of annual allocation to Internal Service Fund (Park Equipment, Fund 503). Partial funding in FY 2020/21, remaining amount to be funded with prior year savings.CITY OF LA QUINTAGENERAL FUND EXPENSE NOTESFY 2020/21 PROPOSED BUDGET74 2018/19Actual Expenses2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget3008 - Public Buildings50 - Salaries and Benefits338,968286,600289,700207,547364,90075,20026 %101-3008-50101 Permanent Full Time2,529000000 %101-3008-50105 Salaries - Overtime7,9723,7003,7004,7846,0002,30062 %101-3008-50106 Standby3,6932,8002,8003,2894,1001,30046 %101-3008-50107 Standby Overtime52450050054750000 %101-3008-50150 Other Compensation24,48222,90022,90013,98629,7006,80030 %101-3008-50200 PERS-City Portion57,98180,00070,00038,347102,60032,60047 %101-3008-50221 Medical Insurance82100707000 %101-3008-50222 Vision Insurance2,489002,290000 %101-3008-50223 Dental Insurance1400094000 %101-3008-50224 Life Insurance1,4961,7001,7009602,20050029 %101-3008-50225 Long Term Disability13,10014,80014,80011,10016,5001,70011 %101-3008-50230 Workers Comp Insurance5,1724,2004,2003,4115,3001,10026 %101-3008-50240 Social Security-Medicare008,0008,0000(8,000)-100 %101-3008-50300 Employee Recognition50 - Salaries and Benefits Totals:459,367417,200418,300 295,063531,800113,50027 %60 - Contract Services125,861136,000136,000100,773155,00019,00014 %101-3008-60115 Janitorial4,3264,0004,0007,5427,0003,00075 %101-3008-60116 Pest Control10,9858,0008,0006,58011,0003,00038 %101-3008-60123 Security & Alarm4,4284,0004,0002,9804,50050013 %101-3008-60196 Annual Permits/Inspection60 - Contract Services Totals:145,600152,000152,000 117,875177,50025,50017 %61 - Office Supplies00016 000 %101-3008-60400 Office Supplies61 - Office Supplies Totals:00016 000 %62 - Maintenance & Operations2,3485,0001,0006782,0001,000100 %101-3008-60320 Travel & Training368000000 %101-3008-60420 Operating Supplies8511,0001,0007391,00000 %101-3008-60427 Safety Gear34,72925,00025,00032,01827,0002,0008 %101-3008-60431 Materials/Supplies10,6598,0008,0002,2078,00000 %101-3008-60432 Tools/Equipment27850050036050000 %101-3008-60481 Office Supplies4,495000000 %101-3008-60664 Fire Extinguisher46,73730,00050,00029,76440,000(10,000)-20 %101-3008-60667 HVAC9301,0001,0009291,00000 %101-3008-60690 Uniforms51,17550,00050,00038,81050,00000 %101-3008-60691 Maintenance/Services668,5111,0001,0001,1001,00000 %101-3008-61702 Facility Rent62 - Maintenance & Operations Totals:821,080121,500137,500 106,604130,500(7,000)-5 %66 - Utilities7,7725,0005,0005,2967,0002,00040 %101-3008-61100 Gas - Utilities136,857130,000138,00094,006140,0002,0001 %101-3008-61101 Electricity - Utilities7,1246,00013,2007,2579,000(4,200)-32 %101-3008-61200 Water - Utilities66 - Utilities Totals:151,753141,000156,200 106,559156,000(200)0 %338,968286,600289,700207,547364,90075,2002,529000007,9723,7003,7004,7846,0002,3003,6932,8002,8003,2894,1001,300524500500547500024,48222,90022,90013,98629,7006,80057,98180,00070,00038,347102,60032,60082100707002,489002,290001400094001,4961,7001,7009602,20050013,10014,80014,80011,10016,5001,7005,1724,2004,2003,4115,3001,100008,0008,0000(8,000)459,367417,200418,300 295,063531,800113,500125,861136,000136,000100,773155,00019,0004,3264,0004,0007,5427,0003,00010,9858,0008,0006,58011,0003,0004,4284,0004,0002,9804,500500145,600152,000152,000 117,875177,50025,50000016 0000016 002,3485,0001,0006782,0001,000368000008511,0001,0007391,000034,72925,00025,00032,01827,0002,00010,6598,0008,0002,2078,000027850050036050004,4950000046,73730,00050,00029,76440,000(10,000)9301,0001,0009291,000051,17550,00050,00038,81050,0000668,5111,0001,0001,1001,0000821,080121,500137,500 106,604130,500(7,000)7,7725,0005,0005,2967,0002,000136,857130,000138,00094,006140,0002,0007,1246,00013,2007,2579,000(4,200)151,753141,000156,200 106,559156,000(200)CITY OF LA QUINTAGENERAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/202075 2018/19Actual Expenses2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget68 - Capital Expenses1,702000000 %101-3008-71021 Furniture68 - Capital Expenses Totals:1,702000000 %69 - Internal Service Charges80,00081,00081,00060,75082,0001,0001 %101-3008-91842 Liability Insurance & Claim92,000108,800108,80081,600150,10041,30038 %101-3008-98110 Information Tech Charges97,70088,40088,40066,30093,8005,4006 %101-3008-98140 Facility & Fleet Maintenan69 - Internal Service Charges Totals:269,700278,200278,200 208,650325,90047,70017 %3008 - Public Buildings Totals:1,849,2021,109,9001,142,200 834,7661,321,700179,50016 %1,702000001,7020000080,00081,00081,00060,75082,0001,00092,000108,800108,80081,600150,10041,30097,70088,40088,40066,30093,8005,400269,700278,200278,200 208,650325,90047,7001,849,2021,109,9001,142,200 834,7661,321,700179,500CITY OF LA QUINTAGENERAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/202076 Department : 3008 - Public BuildingsPermanent Full Time364,900.00101-3008-5010150% - Facilities Deputy Director (50% Parks Maintenance new in 2020/21)50% - Administrative Technician (50% Parks Maintenance, new in 2020/21) 100% - Management Analyst 100% - Maintenance and Operations Technician100% - Maintenance and Operations Coordinator (moved from Streets in 2020/21) 100% - Maintenance Worker IJanitorial155,000.00101-3008-60115Janitorial services for all public buildings including parks. Increase includes additional cleaning to combat COVID-19 and a minimum wage increase. Travel & Training2,000.00101-3008-60320HVAC trainingHVAC40,000.00101-3008-60667For all public buildings including City Hall, Fritz Burns Pool, LaQuinta Park, Maintenance Yard, Public Works Office, Sports Complex, and Wellness Center. Maintenance/Services50,000.00101-3008-60691Public building repairs and maintenance.Facility Rent1,000.00101-3008-61702Finance Authority requires an annual State Controller's Report.The 1996 Civic Center Bond was paid off in October 2018. CITY OF LA QUINTAGENERAL FUND EXPENSE NOTESFY 2020/21 PROPOSED BUDGET77 This page intentionally left blank. 78 2018/19Actual Expenses2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget7001 - Public Works Administration50 - Salaries and Benefits0000353,300353,3000 %101-7001-50101 Permanent Full Time00005005000 %101-7001-50150 Other Compensation000034,90034,9000 %101-7001-50200 PERS-City Portion000082,10082,1000 %101-7001-50221 Medical Insurance00001,7001,7000 %101-7001-50225 Long Term Disability00007,4007,4000 %101-7001-50230 Workers Comp Insurance00005,2005,2000 %101-7001-50240 Social Security-Medicare50 - Salaries and Benefits Totals:0000485,100485,1000 %60 - Contract Services0000150,000150,0000 %101-7001-60104 Consultants60 - Contract Services Totals:0000150,000150,0000 %62 - Maintenance & Operations00006,0006,0000 %101-7001-60320 Travel & Training00002,4002,4000 %101-7001-60351 Membership Dues000010,00010,0000 %101-7001-60400 Office Supplies00002,5002,5000 %101-7001-60420 Operating Supplies62 - Maintenance & Operations Totals:000020,90020,9000 %69 - Internal Service Charges000066,80066,8000 %101-7001-98110 Information Tech Charges69 - Internal Service Charges Totals:000066,80066,8000 %7001 - Public Works Administration Totals:0000722,800722,8000 %0000353,300353,3000000500500000034,90034,900000082,10082,10000001,7001,70000007,4007,40000005,2005,2000000485,100485,1000000150,000150,0000000150,000150,00000006,0006,00000002,4002,400000010,00010,00000002,5002,500000020,90020,900000066,80066,800000066,80066,8000000722,800722,800CITY OF LA QUINTAGENERAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020101-7001 Public Works Administration, this division was created in fiscal year 2020/21 as a result of the Public Works/Engineering reorganization, positions and expenses were distributed from Design and Development Administration and Public Works Development Services. 79 Department : 7001 - Public Works AdministrationPermanent Full Time353,300.00101-7001-50101100% - Public Works Director/ City Engineer100% - Management Analyst100% - Management Assistant 100% - Administrative Assistant In 2020/21, this division was created as a result of the Public Works/Engineering reorganization, positions were transferred from D&D Administration and Public Works Development Services. Consultants150,000.00101-7001-60104On call electrical services, new in FY 2020/21.Travel & Training6,000.00101-7001-60320Certification trainingsMembership Dues2,400.00101-7001-60351American Public Works Association (APWA) American Traffic Safety Services Association (ATSSA)CITY OF LA QUINTAGENERAL FUND EXPENSE NOTESFY 2020/21 PROPOSED BUDGET80 2018/19Actual Expenses2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget7002 - Public Works Development Services50 - Salaries and Benefits249,998247,900249,500203,598111,000(138,500)-56 %101-7002-50101 Permanent Full Time5245005004270(500)-100 %101-7002-50150 Other Compensation26,57328,40028,40023,17013,800(14,600)-51 %101-7002-50200 PERS-City Portion27,45141,10041,10022,98320,600(20,500)-50 %101-7002-50221 Medical Insurance30400238000 %101-7002-50222 Vision Insurance2,264001,810000 %101-7002-50223 Dental Insurance620091000 %101-7002-50224 Life Insurance1,0391,1001,100843600(500)-45 %101-7002-50225 Long Term Disability5,0005,6005,6004,2001,900(3,700)-66 %101-7002-50230 Workers Comp Insurance3,7213,6003,6002,9631,700(1,900)-53 %101-7002-50240 Social Security-Medicare2,6212,4002,4007360(2,400)-100 %101-7002-50250 Vehicle Reimbursement4,000000000 %101-7002-50300 Employee Recognition50 - Salaries and Benefits Totals:323,557330,600332,200 261,058149,600 (182,600)-55 %60 - Contract Services76,73085,00070,00062,51185,00015,00021 %101-7002-60103 Professional Services3,5005,0005,0003,5005,00000 %101-7002-60104 Consultants63,066120,00085,00057,484100,00015,00018 %101-7002-60183 Map/Plan Checking60 - Contract Services Totals:143,296210,000160,000 123,495190,00030,00019 %62 - Maintenance & Operations6126,0001,000430500(500)-50 %101-7002-60320 Travel & Training5281,0001,0000500(500)-50 %101-7002-60351 Membership Dues462000000 %101-7002-60410 Printing01,0001,000242500(500)-50 %101-7002-60420 Operating Supplies0500500050000 %101-7002-60450 Advertising62 - Maintenance & Operations Totals:1,6028,5003,5006722,000(1,500)-43 %69 - Internal Service Charges35,00041,30041,30030,97516,700(24,600)-60 %101-7002-98110 Information Tech Charges32,60029,50029,50022,12531,3001,8006 %101-7002-98140 Facility & Fleet Maintenan69 - Internal Service Charges Totals:67,60070,80070,80053,10048,000(22,800)-32 %Public Works Development Services Totals:536,055619,900566,500 438,325389,600 (176,900)-31 %249,998247,900249,500203,598111,000(138,500)5245005004270(500)26,57328,40028,40023,17013,800(14,600)27,45141,10041,10022,98320,600(20,500)30400238002,264001,81000620091001,0391,1001,100843600(500)5,0005,6005,6004,2001,900(3,700)3,7213,6003,6002,9631,700(1,900)2,6212,4002,4007360(2,400)4,00000000323,557330,600332,200 261,058149,600 (182,600)76,73085,00070,00062,51185,00015,0003,5005,0005,0003,5005,000063,066120,00085,00057,484100,00015,000143,296210,000160,000 123,495190,00030,0006126,0001,000430500(500)5281,0001,0000500(500)4620000001,0001,000242500(500)0500500050001,6028,5003,5006722,000(1,500)35,00041,30041,30030,97516,700(24,600)32,60029,50029,50022,12531,3001,80067,60070,80070,80053,10048,000(22,800)536,055619,900566,500 438,325389,600 (176,900)CITY OF LA QUINTAGENERAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020101-7002 Public Works Development Services, this division was reduced and reallocated in fiscal year 2020/21 as a result of the Public Works/Engineering reorganization, salaries and benefits were distributed to Public Works Administration. 81 Department : 7002 - Public Works Development ServicesPermanent Full Time111,000.00101-7002-50101100% - Associate EngineerIn 2020/21, the City Engineer position was converted to Public Works Director/Engineer and transferred to Public Works Administration. Professional Services85,000.00101-7002-60103AmountNational Pollution Discharge Elimination Systems60,000Stormwater Commercial/Restaurant State Mandate25,000Consultants5,000.00101-7002-60104AmountProject Consulting Services5,000Map/Plan Checking100,000.00101-7002-60183On call map checking and engineering civil plan check services.Travel & Training500.00101-7002-60320For various training events including Desert Valley Builders Association meetings, American Public Works Association, Professional Engineering Review courses, and water quality/flood seminars. Membership Dues500.00101-7002-60351AmountBoard of Civil Engineers License300Other Professional Organizations200Advertising500.00101-7002-60450Public hearing noticesCITY OF LA QUINTAGENERAL FUND EXPENSE NOTESFY 2020/21 PROPOSED BUDGET82 2018/19Actual Expenses2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget7003 - Streets50 - Salaries and Benefits0000211,900211,9000 %101-7003-50101 Permanent Full Time00007,0007,0000 %101-7003-50106 Standby00002,5002,5000 %101-7003-50107 Standby Overtime00001,0001,0000 %101-7003-50150 Other Compensation000020,90020,9000 %101-7003-50200 PERS-City Portion000061,60061,6000 %101-7003-50221 Medical Insurance00001,3001,3000 %101-7003-50225 Long Term Disability00005,5005,5000 %101-7003-50230 Workers Comp Insurance00002,0002,0000 %101-7003-50240 Social Security-Medicare50 - Salaries and Benefits Totals:0000313,700313,7000 %60 - Contract Services0200200075,00074,80037,400 %101-7003-60103 Professional Services60 - Contract Services Totals:0200200075,00074,80037,400 %62 - Maintenance & Operations2,1155,0002,5001,80410,0007,500300 %101-7003-60320 Travel & Training27080080038880000 %101-7003-60351 Membership Dues8491,0001,0008160(1,000)-100 %101-7003-60400 Office Supplies6,1295,5005,5005,4335,50000 %101-7003-60420 Operating Supplies4,180000000 %101-7003-60429 Signs8,2517,0007,0004,12519,00012,000171 %101-7003-60432 Tools/Equipment62 - Maintenance & Operations Totals:21,79419,30016,80012,56735,30018,500110 %64 - Other Expenses000015,00015,0000 %101-7003-60510 Signal Knockdowns, Cont64 - Other Expenses Totals:000015,00015,0000 %68 - Capital Expenses055,00055,00000(55,000)-100 %101-7003-80100 Machinery & Equipment68 - Capital Expenses Totals:055,00055,00000(55,000)-100 %69 - Internal Service Charges000050,10050,1000 %101-7003-98110 Information Tech Charges69 - Internal Service Charges Totals:000050,10050,1000 %7003 - Streets Totals:21,79474,50072,00012,567489,100417,100579 %0000211,900211,90000007,0007,00000002,5002,50000001,0001,000000020,90020,900000061,60061,60000001,3001,30000005,5005,50000002,0002,0000000313,700313,7000200200075,00074,8000200200075,00074,8002,1155,0002,5001,80410,0007,50027080080038880008491,0001,0008160(1,000)6,1295,5005,5005,4335,50004,180000008,2517,0007,0004,12519,00012,00021,79419,30016,80012,56735,30018,500000015,00015,000000015,00015,000055,00055,00000(55,000)055,00055,00000(55,000)000050,10050,100000050,10050,10021,79474,50072,00012,567489,100417,100CITY OF LA QUINTAGENERAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020101-7003 Streets, this division was expanded in fiscal year 2020/21 as a result of the Public Works/Engineering reorganization, positions and expenses were distributed from Engineering Services. 83 Department : 7003 - StreetsPermanent Full Time211,900.00101-7003-50101100% - Traffic Operations Analyst100% - Traffic Signal Technician (2)In 2020/21, this division was expanded as a result of the Public Works/Engineering reorganization, positions were transferred from Engineering Services.Professional Services75,000.00101-7003-60103Storm water application fee. Traffic signal support services.Travel & Training10,000.00101-7003-60320Onsite hearing tests, American Traffic Safety Services Association.Membership Dues800.00101-7003-60351CA Park and RecreationsAmerican Traffic Safety Services Association (ATSSA)Signal Knockdowns, Contingen15,000.00101-7003-60510For traffic signal repairs due to accidents.CITY OF LA QUINTAGENERAL FUND EXPENSE NOTESFY 2020/21 PROPOSED BUDGET84 2018/19Actual Expenses2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget7006 - Engineering Services50 - Salaries and Benefits386,401517,400495,900367,053322,500(173,400)-35 %101-7006-50101 Permanent Full Time7392,0002,000530(2,000)-100 %101-7006-50105 Salaries - Overtime12,03021,10021,10012,2179,000(12,100)-57 %101-7006-50106 Standby1,3385,7005,700821,000(4,700)-82 %101-7006-50107 Standby Overtime1,5731,5001,5001,222500(1,000)-67 %101-7006-50150 Other Compensation33,00344,80044,80031,47229,600(15,200)-34 %101-7006-50200 PERS-City Portion75,403143,600133,60074,31582,100(51,500)-39 %101-7006-50221 Medical Insurance1,06400986000 %101-7006-50222 Vision Insurance5,657005,605000 %101-7006-50223 Dental Insurance17300175000 %101-7006-50224 Life Insurance2,0573,0003,0001,9231,900(1,100)-37 %101-7006-50225 Long Term Disability11,60013,10013,1009,8257,400(5,700)-44 %101-7006-50230 Workers Comp Insurance5,8537,6007,6005,4834,700(2,900)-38 %101-7006-50240 Social Security-Medicare50 - Salaries and Benefits Totals:536,891759,800728,300 510,411458,700 (269,600)-37 %60 - Contract Services0067,96527,9110(67,965)-100 %101-7006-60103 Professional Services62,99560,00040,00038,83860,00020,00050 %101-7006-60104 Consultants196,818220,000220,000138,468180,000(40,000)-18 %101-7006-60144 Contract Traffic Engineer050,0004,00040030,00026,000650 %101-7006-60145 Traffic Counts/Studies52,66925,00025,0009,99025,00000 %101-7006-60146 PM 10 - Dust Control60 - Contract Services Totals:312,483355,000356,965 215,606295,000(61,965)-17 %62 - Maintenance & Operations4,66410,00010,0005,9386,000(4,000)-40 %101-7006-60320 Travel & Training1,2101,1001,100951,10000 %101-7006-60351 Membership Dues605005000100(400)-80 %101-7006-60352 Subscriptions & Publicatio1681,00020000(200)-100 %101-7006-60400 Office Supplies6271,0001,0005701,00000 %101-7006-60420 Operating Supplies412000000 %101-7006-60421 Supplies - Software4722,9002,9008551,500(1,400)-48 %101-7006-60427 Safety Gear01,5001,500191500(1,000)-67 %101-7006-60690 Uniforms62 - Maintenance & Operations Totals:7,61318,00017,2007,64810,200(7,000)-41 %69 - Internal Service Charges81,50096,40096,40072,30066,800(29,600)-31 %101-7006-98110 Information Tech Charges69 - Internal Service Charges Totals:81,50096,40096,40072,30066,800(29,600)-31 %7006 - Engineering Services Totals:938,4871,229,2001,198,865 805,965830,700 (368,165)-31 %386,401517,400495,900367,053322,500(173,400)7392,0002,000530(2,000)12,03021,10021,10012,2179,000(12,100)1,3385,7005,700821,000(4,700)1,5731,5001,5001,222500(1,000)33,00344,80044,80031,47229,600(15,200)75,403143,600133,60074,31582,100(51,500)1,06400986005,657005,6050017300175002,0573,0003,0001,9231,900(1,100)11,60013,10013,1009,8257,400(5,700)5,8537,6007,6005,4834,700(2,900)536,891759,800728,300 510,411458,700 (269,600)0067,96527,9110(67,965)62,99560,00040,00038,83860,00020,000196,818220,000220,000138,468180,000(40,000)050,0004,00040030,00026,00052,66925,00025,0009,99025,0000312,483355,000356,965 215,606295,000(61,965)4,66410,00010,0005,9386,000(4,000)1,2101,1001,100951,1000605005000100(400)1681,00020000(200)6271,0001,0005701,0000412000004722,9002,9008551,500(1,400)01,5001,500191500(1,000)7,61318,00017,2007,64810,200(7,000)81,50096,40096,40072,30066,800(29,600)81,50096,40096,40072,30066,800(29,600)938,4871,229,2001,198,865 805,965830,700 (368,165)CITY OF LA QUINTAGENERAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020101-7006 Engineering Services, this division was reduced and reallocated in fiscal year 2020/21 as a result of the Public Works/Engineering reorganization, positions were distributed from Engineering Services to Streets. 85 Department : 7006 - Engineering ServicesPermanent Full Time322,500.00101-7006-50101100% - Construction Manager/Inspection Supervisor100% - Construction Inspector (2)100% - Assistant Construction Manager In 2020/21, decrease due to the Traffic division being transferred to the Streets division in the General Fund. Consultants60,000.00101-7006-60104AmountProject Design Services60,000PM 10 - Dust Control25,000.00101-7006-60146Vacant city land dust controlTravel & Training6,000.00101-7006-60320AmountCoachella Valley APWA Meetings400Geographic Information Systems Training2,000International Signal Association Cert Training1,000National Pollutant Discharge Elimination System1,700Prevailing Wage/Traffic Signal Control900Membership Dues1,100.00101-7006-60351AmountAmerican Public Works Association (APWA)500American Society of Civil Engineers (ASCE)300Institute of Transportation Engineers (ITE)300Subscriptions & Publications100.00101-7006-60352Subdivision map act booksCITY OF LA QUINTAGENERAL FUND EXPENSE NOTESFY 2020/21 PROPOSED BUDGET86 2018/19Actual Expenses2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget6001 - Design & Development Administrat50 - Salaries and Benefits522,917540,500515,500384,894350,000(165,500)-32 %101-6001-50101 Permanent Full Time1,394000000 %101-6001-50105 Salaries - Overtime6,120001,351000 %101-6001-50106 Standby11,6848,4008,4007,2008,40000 %101-6001-50110 Commissions & Boards49350050054750000 %101-6001-50150 Other Compensation41,14144,70044,70032,21834,200(10,500)-23 %101-6001-50200 PERS-City Portion90,801143,600143,60071,23982,100(61,500)-43 %101-6001-50221 Medical Insurance1,360001,040000 %101-6001-50222 Vision Insurance10,356008,057000 %101-6001-50223 Dental Insurance26700221000 %101-6001-50224 Life Insurance2,5272,8002,8001,8401,700(1,100)-39 %101-6001-50225 Long Term Disability14,10013,10013,1009,8257,400(5,700)-44 %101-6001-50230 Workers Comp Insurance7,9137,9007,9005,7405,100(2,800)-35 %101-6001-50240 Social Security-Medicare63100384000 %101-6001-50241 Social Security-FICA50 - Salaries and Benefits Totals:711,701761,500736,500 524,557489,400 (247,100)-34 %60 - Contract Services36,761000000 %101-6001-60103 Professional Services17,55925,00025,0006,08715,000(10,000)-40 %101-6001-60104 Consultants29,67019,00019,00027,78520,0001,0005 %101-6001-60122 Credit Card Fees60 - Contract Services Totals:83,99044,00044,00033,87235,000(9,000)-20 %62 - Maintenance & Operations6,32110,0006,0004,9254,000(2,000)-33 %101-6001-60320 Travel & Training95400400040000 %101-6001-60351 Membership Dues54050050064150000 %101-6001-60352 Subscriptions & Publicatio6,85411,0004,0002,9393,000(1,000)-25 %101-6001-60400 Office Supplies37650050024550000 %101-6001-60410 Printing47102,0009641,000(1,000)-50 %101-6001-60420 Operating Supplies7,2803,0003,0001,8362,500(500)-17 %101-6001-60450 Advertising62 - Maintenance & Operations Totals:21,93725,40016,40011,55011,900(4,500)-27 %69 - Internal Service Charges99,00096,40096,40072,30066,800(29,600)-31 %101-6001-98110 Information Tech Charges65,20059,00059,00044,25062,5003,5006 %101-6001-98140 Facility & Fleet Maintenan69 - Internal Service Charges Totals:164,200155,400155,400 116,550129,300(26,100)-17 %sign & Development Administration Totals:981,828986,300952,300 686,528665,600 (286,700)-30 %522,917540,500515,500384,894350,000(165,500)1,394000006,120001,3510011,6848,4008,4007,2008,4000493500500547500041,14144,70044,70032,21834,200(10,500)90,801143,600143,60071,23982,100(61,500)1,360001,0400010,356008,0570026700221002,5272,8002,8001,8401,700(1,100)14,10013,10013,1009,8257,400(5,700)7,9137,9007,9005,7405,100(2,800)6310038400711,701761,500736,500 524,557489,400 (247,100)36,7610000017,55925,00025,0006,08715,000(10,000)29,67019,00019,00027,78520,0001,00083,99044,00044,00033,87235,000(9,000)6,32110,0006,0004,9254,000(2,000)954004000400054050050064150006,85411,0004,0002,9393,000(1,000)376500500245500047102,0009641,000(1,000)7,2803,0003,0001,8362,500(500)21,93725,40016,40011,55011,900(4,500)99,00096,40096,40072,30066,800(29,600)65,20059,00059,00044,25062,5003,500164,200155,400155,400 116,550129,300(26,100)981,828986,300952,300 686,528665,600 (286,700)CITY OF LA QUINTAGENERAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020101-6001 Design and Development Administration, in fiscal year 2020/21 salary and benefit reductions are due to a Public Works/Engineering reorganization, positions and expenses were distributed to Public Works Administration. 87 Department : 6001 - Design & Development AdministrationPermanent Full Time350,000.00101-6001-50101100% - Design & Development Director100% - Executive Assistant 100% - Management Specialist 100% - Administrative AssistantIn 2020/21, a decrease due to the Public Works/Engineering reorganization. The Management Analyst, Management Assistant, and the Administrative Assistant were transferred to Public Works Administration.Consultants15,000.00101-6001-60104AmountDisadvantaged Business Enterprise Program5,000Studies and Predesign for Projects10,000Travel & Training4,000.00101-6001-60320AmountBureau of Indian Affairs (BIA) Meetings500Coachella Valley APWA Meetings500League of CA Cities PW Officers Institute2,000Staff Professional Development1,000Membership Dues400.00101-6001-60351AmountAmerican Public Works Association (APWA)400Subscriptions & Publications500.00101-6001-60352The Desert SunPrinting500.00101-6001-60410Materials for Community EventsAdvertising2,500.00101-6001-60450Reallocated a portion of this budget to The Hub budget (101-6006-60450) in 2019/20. Budget used for public noticing requirements. CITY OF LA QUINTAGENERAL FUND EXPENSE NOTESFY 2020/21 PROPOSED BUDGET88 2018/19Actual Expenses2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget6002 - Planning50 - Salaries and Benefits233,328273,900273,900206,875283,1009,2003 %101-6002-50101 Permanent Full Time1,2741,5001,5001,5000(1,500)-100 %101-6002-50111 Internships15100120000 %101-6002-50150 Other Compensation15,46519,20019,20014,36621,9002,70014 %101-6002-50200 PERS-City Portion757000000 %101-6002-50215 Other Fringe Benefits29,95661,60061,60031,90961,60000 %101-6002-50221 Medical Insurance46000435000 %101-6002-50222 Vision Insurance1,349001,900000 %101-6002-50223 Dental Insurance670081000 %101-6002-50224 Life Insurance1,1511,6001,6001,0731,60000 %101-6002-50225 Long Term Disability5,0005,6005,6004,2005,500(100)-2 %101-6002-50230 Workers Comp Insurance3,4134,0004,0003,0214,2002005 %101-6002-50240 Social Security-Medicare790093000 %101-6002-50241 Social Security-FICA50 - Salaries and Benefits Totals:292,449367,400367,400 265,574377,90010,5003 %60 - Contract Services244,177100,000168,80094,41380,000(88,800)-53 %101-6002-60103 Professional Services60 - Contract Services Totals:244,177100,000168,80094,41380,000(88,800)-53 %62 - Maintenance & Operations8,50014,0005,0003,8514,000(1,000)-20 %101-6002-60320 Travel & Training7551,0001,00001,00000 %101-6002-60351 Membership Dues905005000100(400)-80 %101-6002-60352 Subscriptions & Publicatio12,82112,0007,0003,2976,000(1,000)-14 %101-6002-60450 Advertising62 - Maintenance & Operations Totals:22,16627,50013,5007,14811,100(2,400)-18 %69 - Internal Service Charges35,00041,30041,30030,97550,1008,80021 %101-6002-98110 Information Tech Charges69 - Internal Service Charges Totals:35,00041,30041,30030,97550,1008,80021 %6002 - Planning Totals:593,792536,200591,000 398,109519,100(71,900)-12 %233,328273,900273,900206,875283,1009,2001,2741,5001,5001,5000(1,500)151001200015,46519,20019,20014,36621,9002,7007570000029,95661,60061,60031,90961,600046000435001,349001,90000670081001,1511,6001,6001,0731,60005,0005,6005,6004,2005,500(100)3,4134,0004,0003,0214,20020079009300292,449367,400367,400 265,574377,90010,500244,177100,000168,80094,41380,000(88,800)244,177100,000168,80094,41380,000(88,800)8,50014,0005,0003,8514,000(1,000)7551,0001,00001,0000905005000100(400)12,82112,0007,0003,2976,000(1,000)22,16627,50013,5007,14811,100(2,400)35,00041,30041,30030,97550,1008,80035,00041,30041,30030,97550,1008,800593,792536,200591,000 398,109519,100(71,900)CITY OF LA QUINTAGENERAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020101-6002-60103 Professional Services are reduced; however, anticipated projects and services have been postponed including a cultural survey, a contract urban planner, and a contract landscape architect. Both contract services would have been utilized to support staff with new development proposals to ensure they meet the standards of the City. 89 Department : 6002 - PlanningPermanent Full Time283,100.00101-6002-50101100% - Planning Manager100% - Senior Planner100% - Associate PlannerProfessional Services80,000.00101-6002-60103Professional PlanningEnvironmental ServicesSpecific Plan AmendmentsTravel & Training4,000.00101-6002-60320AmountAPA Conference - Planning Manager1,500APA Conference - Senior Planner1,500Planning Commissioners Academy - League of Cities 1,000Membership Dues1,000.00101-6002-60351AmountAmerican Planning Association (APA)1,000Subscriptions & Publications100.00101-6002-60352International Cost Engineering Council - CEQA BooksAdvertising6,000.00101-6002-60450Planning Hearing NoticesOutreach WorkshopsCITY OF LA QUINTAGENERAL FUND EXPENSE NOTESFY 2020/21 PROPOSED BUDGET90 2018/19Actual Expenses2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget6003 - Building50 - Salaries and Benefits382,870452,400402,400273,589451,50049,10012 %101-6003-50101 Permanent Full Time11,4610011,21813,00013,0000 %101-6003-50105 Salaries - Overtime2,6212,9002,9001,6362,400(500)-17 %101-6003-50150 Other Compensation30,11036,50036,50022,20339,7003,2009 %101-6003-50200 PERS-City Portion68,131123,100123,10066,216123,10000 %101-6003-50221 Medical Insurance1,10500974000 %101-6003-50222 Vision Insurance5,616003,607000 %101-6003-50223 Dental Insurance15600129000 %101-6003-50224 Life Insurance2,0352,6002,6001,4242,7001004 %101-6003-50225 Long Term Disability8,30011,20011,2008,4009,200(2,000)-18 %101-6003-50230 Workers Comp Insurance5,7526,6006,6004,3016,60000 %101-6003-50240 Social Security-Medicare000704 000 %101-6003-50241 Social Security-FICA0050,00011,35850,00000 %101-6003-50251 Temporary50 - Salaries and Benefits Totals:518,156635,300635,300 405,757698,20062,90010 %60 - Contract Services79,281200,000125,00060,016100,000(25,000)-20 %101-6003-60118 Plan Checks60 - Contract Services Totals:79,281200,000125,00060,016100,000(25,000)-20 %62 - Maintenance & Operations3,8818,0003,0001,4663,00000 %101-6003-60320 Travel & Training68050050052050000 %101-6003-60351 Membership Dues1867,0003,0002,5693,00000 %101-6003-60352 Subscriptions & Publicatio4291,5001,5005911,000(500)-33 %101-6003-60420 Operating Supplies7431,0001,0008511,00000 %101-6003-60425 Supplies - Field1,3653,0003,0002,1892,000(1,000)-33 %101-6003-60690 Uniforms62 - Maintenance & Operations Totals:7,28421,00012,0008,18610,500(1,500)-13 %69 - Internal Service Charges58,20082,60082,60061,95083,4008001 %101-6003-98110 Information Tech Charges48,90044,20044,20033,15046,9002,7006 %101-6003-98140 Facility & Fleet Maintenan69 - Internal Service Charges Totals:107,100126,800126,80095,100130,3003,5003 %6003 - Building Totals:711,820983,100899,100 569,060939,00039,9004 %382,870452,400402,400273,589451,50049,10011,4610011,21813,00013,0002,6212,9002,9001,6362,400(500)30,11036,50036,50022,20339,7003,20068,131123,100123,10066,216123,10001,10500974005,616003,6070015600129002,0352,6002,6001,4242,7001008,30011,20011,2008,4009,200(2,000)5,7526,6006,6004,3016,6000000704 000050,00011,35850,0000518,156635,300635,300 405,757698,20062,90079,281200,000125,00060,016100,000(25,000)79,281200,000125,00060,016100,000(25,000)3,8818,0003,0001,4663,000068050050052050001867,0003,0002,5693,00004291,5001,5005911,000(500)7431,0001,0008511,00001,3653,0003,0002,1892,000(1,000)7,28421,00012,0008,18610,500(1,500)58,20082,60082,60061,95083,40080048,90044,20044,20033,15046,9002,700107,100126,800126,80095,100130,3003,500711,820983,100899,100 569,060939,00039,900CITY OF LA QUINTAGENERAL FUND EXPENSE NOTESFY 2020/21 PROPOSED BUDGET* As of 4/22/202091 Department : 6003 - BuildingPermanent Full Time451,500.00101-6003-50101100% - Building Official 100% - Plans Examiner/ Inspection Supervisor 100% - Building Inspector II (2)100% - Building Inspector I100% - Plans ExaminerPlan Checks100,000.00101-6003-60118Consulting services as needed to support plan check review services. Travel & Training3,000.00101-6003-60320CA Building Officials (CALBO)International Code Council Certifications Membership Dues500.00101-6003-60351CA Building OfficialsInternational Association of Plumbing and Mechanical OfficialsSubscriptions & Publications3,000.00101-6003-60352Updated California Building Code books and other professional subscriptions. CITY OF LA QUINTAGENERAL FUND EXPENSE NOTESFY 2020/21 PROPOSED BUDGET92 2018/19Actual Expenses2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget6006 - The Hub50 - Salaries and Benefits451,921522,100522,100388,974548,90026,8005 %101-6006-50101 Permanent Full Time34,70550,60010,600050,70040,100378 %101-6006-50102 Salaries - Part Time000360 000 %101-6006-50105 Salaries - Overtime000280 000 %101-6006-50150 Other Compensation41,19147,70047,70034,25254,8007,10015 %101-6006-50200 PERS-City Portion99,137164,100154,10092,707164,10010,0006 %101-6006-50221 Medical Insurance1,254001,237000 %101-6006-50222 Vision Insurance8,151006,943000 %101-6006-50223 Dental Insurance21900223000 %101-6006-50224 Life Insurance2,6053,0003,0002,0353,1001003 %101-6006-50225 Long Term Disability9,20015,00015,00011,25014,700(300)-2 %101-6006-50230 Workers Comp Insurance7,0567,6007,6005,6458,0004005 %101-6006-50240 Social Security-Medicare703000000 %101-6006-50241 Social Security-FICA50 - Salaries and Benefits Totals:656,141810,100760,100 543,905844,30084,20011 %60 - Contract Services5,000205,00081,00037,969100,00019,00023 %101-6006-60103 Professional Services54,620040,00063,5620(40,000)-100 %101-6006-60125 Temporary Agency Servic60 - Contract Services Totals:59,620205,000121,000 101,531100,000(21,000)-17 %62 - Maintenance & Operations3455001,00001,00000 %101-6006-60137 Community Special Event1,9929,6001,6008352,00040025 %101-6006-60320 Travel & Training10020020031520000 %101-6006-60351 Membership Dues4,4238,5009,5002,0354,500(5,000)-53 %101-6006-60420 Operating Supplies06,0008,5002,0244,000(4,500)-53 %101-6006-60450 Advertising62 - Maintenance & Operations Totals:6,86124,80020,8005,20811,700(9,100)-44 %69 - Internal Service Charges64,100110,200110,20082,650133,50023,30021 %101-6006-98110 Information Tech Charges69 - Internal Service Charges Totals:64,100110,200110,20082,650133,50023,30021 %6006 - The Hub Totals:786,7221,150,1001,012,100 733,2941,089,50077,4008 %451,921522,100522,100388,974548,90026,80034,70550,60010,600050,70040,100000360 00000280 0041,19147,70047,70034,25254,8007,10099,137164,100154,10092,707164,10010,0001,254001,237008,151006,9430021900223002,6053,0003,0002,0353,1001009,20015,00015,00011,25014,700(300)7,0567,6007,6005,6458,00040070300000656,141810,100760,100 543,905844,30084,2005,000205,00081,00037,969100,00019,00054,620040,00063,5620(40,000)59,620205,000121,000 101,531100,000(21,000)3455001,00001,00001,9929,6001,6008352,00040010020020031520004,4238,5009,5002,0354,500(5,000)06,0008,5002,0244,000(4,500)6,86124,80020,8005,20811,700(9,100)64,100110,200110,20082,650133,50023,30064,100110,200110,20082,650133,50023,300786,7221,150,1001,012,100 733,2941,089,50077,400CITY OF LA QUINTAGENERAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/202093 Department : 6006 - The HubPermanent Full Time548,900.00101-6006-50101100% - Hub Manager100% - Management Specialist100% - Permit Technician (5)100% - Administrative AssistantIn 2020/21, an increase partially attributed to Part-Time salaries which in 2019/20 were performed by external temporary services. Salaries - Part Time50,700.00101-6006-50102100% Part-Time sequel writer for software programming anddesign. Professional Services100,000.00101-6006-60103Short-term vacation rental compliance vendorCommunity Special Events1,000.00101-6006-60137Short-term vacation rental community meetingsTravel & Training2,000.00101-6006-60320AmountPermit Technician Training2,000Membership Dues200.00101-6006-60351AmountTRAKiT Membership200Advertising4,000.00101-6006-60450Expenses moved from D & D Administration (101-6001-60450)to The Hub in 2019/20. Used for short-term vacation mailers. CITY OF LA QUINTAGENERAL FUND EXPENSE NOTESFY 2020/21 PROPOSED BUDGET94 2018/19Actual Expenses2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget1006 - Finance50 - Salaries and Benefits605,144660,800690,700530,425752,80062,1009 %101-1006-50101 Permanent Full Time000323 000 %101-1006-50105 Salaries - Overtime2,2503,6003,6009753,60000 %101-1006-50110 Commissions & Boards01,5001,5001,5000(1,500)-100 %101-1006-50111 Internships47250050062850000 %101-1006-50150 Other Compensation45,49751,20051,20043,79272,90021,70042 %101-1006-50200 PERS-City Portion2,3602,4002,4001,8882,40000 %101-1006-50215 Other Fringe Benefits103,889162,100162,100104,652182,60020,50013 %101-1006-50221 Medical Insurance1,421001,465000 %101-1006-50222 Vision Insurance5,659005,658000 %101-1006-50223 Dental Insurance28000235000 %101-1006-50224 Life Insurance2,7143,6003,6002,4494,10050014 %101-1006-50225 Long Term Disability13,10014,80014,80011,10016,3001,50010 %101-1006-50230 Workers Comp Insurance8,8629,6009,6007,98611,0001,40015 %101-1006-50240 Social Security-Medicare14000153000 %101-1006-50241 Social Security-FICA0016,00016,0000(16,000)-100 %101-1006-50300 Employee Recognition50 - Salaries and Benefits Totals:791,787910,100956,000 729,2301,046,20090,2009 %60 - Contract Services3,84825,00010,00045920,00010,000100 %101-1006-60102 Administration38,90355,00046,30032,60049,0002,7006 %101-1006-60103 Professional Services29,84440,00040,00025,92040,00000 %101-1006-60104 Consultants52,45065,00065,00044,50065,00000 %101-1006-60106 Auditors0004805005000 %101-1006-60122 Credit Card Fees8,76815,0000(386)000 %101-1006-60125 Temporary Agency Servic60 - Contract Services Totals:133,813200,000161,300 103,573174,50013,2008 %62 - Maintenance & Operations3,1373,0002,0001,7581,500(500)-25 %101-1006-60137 Community Engagement12,59415,10015,10014,5025,000(10,100)-67 %101-1006-60320 Travel & Training1,9702,0002,0002,8102,00000 %101-1006-60351 Membership Dues1,5751,6001,6001,4401,500(100)-6 %101-1006-60352 Subscriptions & Publicatio2,0034,5003,5003,0682,500(1,000)-29 %101-1006-60400 Office Supplies15,8485,0005,0004,2304,000(1,000)-20 %101-1006-60410 Printing0005,000000 %101-1006-60420 Operating Supplies3764,0002,0002271,000(1,000)-50 %101-1006-60450 Advertising62 - Maintenance & Operations Totals:37,50335,20031,20033,03517,500(13,700)-44 %69 - Internal Service Charges92,000107,900107,90080,925148,50040,60038 %101-1006-98110 Information Tech Charges69 - Internal Service Charges Totals:92,000107,900107,90080,925148,50040,60038 %1006 - Finance Totals:1,055,1041,253,2001,256,400 946,7621,386,700130,30010 %605,144660,800690,700530,425752,80062,100000323 002,2503,6003,6009753,600001,5001,5001,5000(1,500)472500500628500045,49751,20051,20043,79272,90021,7002,3602,4002,4001,8882,4000103,889162,100162,100104,652182,60020,5001,421001,465005,659005,6580028000235002,7143,6003,6002,4494,10050013,10014,80014,80011,10016,3001,5008,8629,6009,6007,98611,0001,40014000153000016,00016,0000(16,000)791,787910,100956,000 729,2301,046,20090,2003,84825,00010,00045920,00010,00038,90355,00046,30032,60049,0002,70029,84440,00040,00025,92040,000052,45065,00065,00044,50065,00000004805005008,76815,0000(386)00133,813200,000161,300 103,573174,50013,2003,1373,0002,0001,7581,500(500)12,59415,10015,10014,5025,000(10,100)1,9702,0002,0002,8102,00001,5751,6001,6001,4401,500(100)2,0034,5003,5003,0682,500(1,000)15,8485,0005,0004,2304,000(1,000)0005,000003764,0002,0002271,000(1,000)37,50335,20031,20033,03517,500(13,700)92,000107,900107,90080,925148,50040,60092,000107,900107,90080,925148,50040,6001,055,1041,253,2001,256,400 946,7621,386,700130,300CITY OF LA QUINTAGENERAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/202095 Department : 1006 - FinancePermanent Full Time752,800.00101-1006-50101 90% - Finance Director (10% Housing Fund)100% - Financial Services Analyst100% - Accounting Manager (new title in 2020/21) 100% - Accountant100% - Junior Accountant100% - Account Technician (3, one added in 2020/21) 100% - Management AssistantAdministration20,000.00101-1006-60102Bank Service FeesArmored Car Service Fiscal Custodian Fees (Added in FY 20/21)Professional Services49,000.00101-1006-60103AmountAnnual Budget-at-a-Glance5,000Miscellaneous Accounting Services8,000OPEB Annual Third-Party Valuation, Retiree Health4,000Pension Annual Third-Party Valuation4,000Professional Accounting Support15,000State Controller's Report - Citywide3,000Third Party Audits & Policy Verifications10,000Consultants40,000.00101-1006-60104AmountProperty Tax Revenue Analysis22,000Sales Tax Revenue Analysis18,000Community Engagement1,500.00101-1006-60137Community WorkshopTravel & Training5,000.00101-1006-60320AmountAnnual GASB Update Training (4 staff)1,000CSMFO Annual Conference1,000Continued on following page CITY OF LA QUINTAGENERAL FUND EXPENSE NOTESFY 2020/21 PROPOSED BUDGET96 Various half-day classes: CSMFO, GFOA, CAPPO3,000Membership Dues2,000.00101-1006-60351CA Municipal Finance Officers Association (CSMFO)CA Municipal Treasurer Association (CMTA)Government Finance Officers Association (GFOA)CA Assoc. of Public Procurement Officials (CAPPO)Subscriptions & Publications1,500.00101-1006-60352CAFR Statistical Data ReportsPrinting4,000.00101-1006-60410Accounts Payable & Payroll ChecksBudget and Financial Reports - Covers, TabsFinancial Advisory Commission ReportsAdvertising1,000.00101-1006-60450Newspaper advertisements for surplus sales and Request for ProposalsCITY OF LA QUINTAGENERAL FUND EXPENSE NOTESFY 2020/21 PROPOSED BUDGET97 This page intentionally left blank. 98 2018/19Actual Expenses2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget1007 - Central Services50 - Salaries and Benefits116,163150,000150,00078,983150,00000 %101-1007-50109 Vacation & Sick Leave Bu3,000400,00074,0950100,00025,90535 %101-1007-50115 Contingency for Stafffing727,994860,000860,000863,311977,100117,10014 %101-1007-50117 PERS - Unfunded Pension6,540,000000000 %101-1007-50118 Pension Trust Contributio1,684001,145000 %101-1007-50240 Social Security-Medicare31,74833,00033,00029,08736,0003,0009 %101-1007-50243 Employer Contrib Retiree 010,00010,0008,92715,0005,00050 %101-1007-50244 State Unemployment Insu50 - Salaries and Benefits Totals:7,420,5901,453,0001,127,095 981,4531,278,100151,00513 %60 - Contract Services00013,433000 %101-1007-60195 Coronavirus Expenses60 - Contract Services Totals:00013,433000 %62 - Maintenance & Operations12020020012020000 %101-1007-60351 Membership Dues02,0002,0003751,000(1,000)-50 %101-1007-60401 Operating Supplies13,01312,00012,0004,31010,000(2,000)-17 %101-1007-60402 Forms, Copier Paper14,99114,00014,00010,63212,000(2,000)-14 %101-1007-60403 Citywide Conf Room Supp1,8293,0003,0003632,000(1,000)-33 %101-1007-60405 Miscellaneous Supplies25,90130,00030,00016,56327,000(3,000)-10 %101-1007-60470 Postage52,16050,00050,00041,08840,000(10,000)-20 %101-1007-60535 Sales Tax Reimbursemen82,500100,000100,0000100,00000 %101-1007-60536 TOT Resort Rebate Progra6,45212,00012,0007,6359,000(3,000)-25 %101-1007-60661 Postage Machine45500379000 %101-1007-60663 Typewriters62 - Maintenance & Operations Totals:197,420223,200223,20081,465201,200(22,000)-10 %64 - Other Expenses7,503,862000000 %101-1007-60213 Interest Expense7,513,264000000 %101-1007-83501 Advance Principal Expens64 - Other Expenses Totals:15,017,126000000 %68 - Capital Expenses2,589,010000000 %101-1007-60500 Loss on Disposal100,00001,100,000420,5510 (1,100,000)-100 %101-1007-71050 Buildings18,57260,00010,0002,9805,000(5,000)-50 %101-1007-74010 Land Acquisition28,924000000 %101-1007-74014 Land Improvements19,419000000 %101-1007-80101 Machinery & Equipment68 - Capital Expenses Totals:2,755,92660,0001,110,000 423,5315,000 (1,105,000)-100 %69 - Internal Service Charges458,600440,000440,000330,000510,00070,00016 %101-1007-91842 Liability Insurance & Claim30,00028,00028,00021,00032,2004,20015 %101-1007-91843 Property & Crime Insuran85,00086,00086,00064,50098,90012,90015 %101-1007-91844 Earthquake Insurance58,20068,90068,90051,67583,40014,50021 %101-1007-98110 Information Tech Charges48,90044,20044,20033,15046,9002,7006 %101-1007-98140 Facility & Fleet Maintenan69 - Internal Service Charges Totals:680,700667,100667,100 500,325771,400104,30016 %116,163150,000150,00078,983150,00003,000400,00074,0950100,00025,905727,994860,000860,000863,311977,100117,1006,540,000000001,684001,1450031,74833,00033,00029,08736,0003,000010,00010,0008,92715,0005,0007,420,5901,453,0001,127,095 981,4531,278,100151,00500013,4330000013,43300120200200120200002,0002,0003751,000(1,000)13,01312,00012,0004,31010,000(2,000)14,99114,00014,00010,63212,000(2,000)1,8293,0003,0003632,000(1,000)25,90130,00030,00016,56327,000(3,000)52,16050,00050,00041,08840,000(10,000)82,500100,000100,0000100,00006,45212,00012,0007,6359,000(3,000)4550037900197,420223,200223,20081,465201,200(22,000)7,503,862000007,513,2640000015,017,126000002,589,01000000100,00001,100,000420,5510 (1,100,000)18,57260,00010,0002,9805,000(5,000)28,9240000019,419000002,755,92660,0001,110,000 423,5315,000 (1,105,000)458,600440,000440,000330,000510,00070,00030,00028,00028,00021,00032,2004,20085,00086,00086,00064,50098,90012,90058,20068,90068,90051,67583,40014,50048,90044,20044,20033,15046,9002,700680,700667,100667,100 500,325771,400104,300CITY OF LA QUINTAGENERAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/202099 2018/19Actual Expenses2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget99 - Transfers Out10,029,405 10,578,600 23,856,657 8,990,2624,080,000 (19,776,657)-83 %101-1007-99900 Transfers Out99 - Transfers Out Totals:10,029,405 10,578,600 23,856,657 8,990,2624,080,000 (19,776,657)-83 %1007 - Central Services Totals:36,101,167 12,981,900 26,984,052 10,990,4686,335,700 (20,648,352)-77 %10,029,405 10,578,600 23,856,657 8,990,2624,080,000 (19,776,657)10,029,405 10,578,600 23,856,657 8,990,2624,080,000 (19,776,657)36,101,167 12,981,900 26,984,052 10,990,4686,335,700 (20,648,352)CITY OF LA QUINTAGENERAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020101-1007-50118, Pension Trust Contribution was a lump sum expense of $6,540,000 in FY 2018/19 to establish a new Pension Trust using General Fund reserves designated for this purpose. The FY 2019/20 contribution of $3,460,000 will be reflected in the final adopted budget. 101-1007-60213, Interest Expense and 101-1007-83501, Advance Principal Expense in FY 2018/19 accounted for the write-off of four interfund loans totaling $15,017,126 (Principal and Interest). 101-1007-60500, Loss on Disposal in FY 2018/19 reflects portions of land held for resale at Highway 111 and SilverRock. Land held for resale asset was reduced and an expense is recorded for the disposal. Proceeds from these sales were transferred to the Economic Development Fund in FY 2018/19. 101-1007-71050, Buildings budget of $1,100,00 in FY 2019/20 represents funding for the Alongi Building at the SilverRock Event Site. 100 Department : 1007 - Central ServicesContingency for Stafffing100,000.00101-1007-50115Staff Development:- Work within Class and Compensation Structure - Manage CalPERS Increases- Ensure job rates reflect market ratesPERS - Unfunded Pension Liabi977,100.00101-1007-50117Annual minimum CalPERS requirement to long-term Pension liability. Based on valuation reports - inflation assumed at 2.5% with discount rate of 7%. Contribution per Tier is as follows: Tier 1 - Classic $952,100Tier 2 - $5,600PEPRA Tier - $19,400State Unemployment Insuranc15,000.00101-1007-50244Expense moved from Human Resources budget to Centralized Services in 2019/20. Increase anticipated in 2020/21 as furloughs from COVID-19 impacts continue to impact staffing level.Membership Dues200.00101-1007-60351Costco membershipSales Tax Reimbursements40,000.00101-1007-60535Eight year sales tax sharing agreement approved on 9/9/2014 with One Eleven La Quinta LLC (Hobby Lobby). Quarterly payments of 50% of any sales tax generated by Hobby Lobby, not to exceed $400,000 or 12/31/2022. As of 12/31/2019 the outstanding amount was $197,231. TOT Resort Rebate Program100,000.00101-1007-60536To promote new tourism activities within the City and encourage citywide participation and innovation proposals. Rebate for hotels collecting resort fees up to $50,000 per proposal. Land Acquisition5,000.00101-1007-74010CITY OF LA QUINTAGENERAL FUND EXPENSE NOTESFY 2020/21 PROPOSED BUDGETContinued on following page101 Engineering maps, property survey & title search servicesTransfers Out4,080,000.00101-1007-99900AmountArt in Public Places - Maintenance/Installation50,000CIP GF - Citywide Drainage Enhancements477,000CIP GF - Citywide PMP Street Improvements1,000,000CIP GF - LLD Island Improvements100,000CIP GF - Sidewalk & ADA Ramp Improvements75,000Gas Tax Fund - Supplement Street Maint. Operation560,000Law Enforcement Fund - Deceased LQ Officers2,000LLD Fund - Supplement Maint. Operations786,000Measure G - Hwy 111 Corridor Implementation250,000Measure G - X-Park Landscaping275,000PARS Supplemental Pension Plan5,000SilverRock Resort500,000CITY OF LA QUINTAGENERAL FUND EXPENSE NOTESFY 2020/21 PROPOSED BUDGET102 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget201 - GAS TAX FUND0000 - Undesignated330 - Intergovernmental226,071229,200232,600153,079193,600(39,000)-17 %201-0000-42900 Section 2105, Gas Tax146,612146,300146,30095,717117,900(28,400)-19 %201-0000-42905 Section 2106, Gas Tax284,309301,000298,900185,748231,100(67,800)-23 %201-0000-42910 Section 2107, Gas Tax6,0006,0006,0006,0004,800(1,200)-20 %201-0000-42915 Section 2107.5, Gas Tax137,652351,400351,400223,195298,500(52,900)-15 %201-0000-42920 Section 2103, Gas Tax46,46646,40046,40047,3270(46,400)-100 %201-0000-42921 State Loan Repayment, G806,450682,000677,200455,591636,000(41,200)-6 %201-0000-42922 SB 1, Road Maint. Rehab 330 - Intergovernmental Totals:1,653,5591,762,3001,758,800 1,166,6571,481,900(276,900)-16 %360 - Use of Money & Property13,9193,0003,00012,5379,0006,000200 %201-0000-41900 Allocated Interest360 - Use of Money & Property Totals:13,9193,0003,00012,5379,0006,000200 %390 - Other Financing Sources423,500595,600345,600522,968560,000214,40062 %201-0000-49500 Transfers In390 - Other Financing Sources Totals:423,500595,600345,600 522,968560,000214,40062 %0000 - Undesignated Totals:2,090,9792,360,9002,107,400 1,702,1612,050,900(56,500)-3 %201 - GAS TAX FUND Totals:2,090,9792,360,9002,107,400 1,702,1612,050,900(56,500)-3 %202 - LIBRARY & MUSEUM FUND0000 - Undesignated330 - Intergovernmental3,619,9282,700,0002,700,000597,0452,808,000108,0004 %202-0000-41720 County Government Reve330 - Intergovernmental Totals:3,619,9282,700,0002,700,000 597,0452,808,000108,0004 %340 - Charges for Services2,90310,00010,0002,3772,000(8,000)-80 %202-0000-42218 MakerSpace Membership 340 - Charges for Services Totals:2,90310,00010,0002,3772,000(8,000)-80 %360 - Use of Money & Property176,24642,00042,00094,40380,00038,00090 %202-0000-41900 Allocated Interest360 - Use of Money & Property Totals:176,24642,00042,00094,40380,00038,00090 %0000 - Undesignated Totals:3,799,0772,752,0002,752,000 693,8262,890,000138,0005 %202 - LIBRARY & MUSEUM FUND Totals:3,799,0772,752,0002,752,000 693,8262,890,000138,0005 %203 - PUBLIC SAFETY FUND (MEASURE G)0000 - Undesignated360 - Use of Money & Property19,9863,2003,20016,31915,00011,800369 %203-0000-41900 Allocated Interest360 - Use of Money & Property Totals:19,9863,2003,20016,31915,00011,800369 %226,071229,200232,600153,079193,600(39,000)146,612146,300146,30095,717117,900(28,400)284,309301,000298,900185,748231,100(67,800)6,0006,0006,0006,0004,800(1,200)137,652351,400351,400223,195298,500(52,900)46,46646,40046,40047,3270(46,400)806,450682,000677,200455,591636,000(41,200)1,653,5591,762,3001,758,800 1,166,6571,481,900(276,900)13,9193,0003,00012,5379,0006,00013,9193,0003,00012,5379,0006,000423,500595,600345,600522,968560,000214,400423,500595,600345,600 522,968560,000214,4002,090,9792,360,9002,107,400 1,702,1612,050,900(56,500)2,090,9792,360,9002,107,400 1,702,1612,050,900(56,500)3,619,9282,700,0002,700,000597,0452,808,000108,0003,619,9282,700,0002,700,000 597,0452,808,000108,0002,90310,00010,0002,3772,000(8,000)2,90310,00010,0002,3772,000(8,000)176,24642,00042,00094,40380,00038,000176,24642,00042,00094,40380,00038,0003,799,0772,752,0002,752,000 693,8262,890,000138,0003,799,0772,752,0002,752,000 693,8262,890,000138,00019,9863,2003,20016,31915,00011,80019,9863,2003,20016,31915,00011,800CITY OF LA QUINTANON-GENERAL FUNDREVENUE DETAILS BY FUND NUMBERFY 2020/21 PROPOSED BUDGET103 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget390 - Other Financing Sources850,000000000 %203-0000-49500 Transfers In390 - Other Financing Sources Totals:850,000000000 %0000 - Undesignated Totals:869,9863,2003,20016,31915,00011,800369 %UBLIC SAFETY FUND (MEASURE G) Totals:869,9863,2003,20016,31915,00011,800369 %210 - FEDERAL ASSISTANCE FUND0000 - Undesignated330 - Intergovernmental60,999123,200145,1672,104141,900(3,267)-2 %210-0000-43105 CDBG330 - Intergovernmental Totals:60,999123,200145,1672,104141,900(3,267)-2 %0000 - Undesignated Totals:60,999123,200145,1672,104141,900(3,267)-2 %210 - FEDERAL ASSISTANCE FUND Totals:60,999123,200145,1672,104141,900(3,267)-2 %212 - SLESA (COPS) FUND0000 - Undesignated330 - Intergovernmental148,747100,000100,000105,948100,00000 %212-0000-43115 SLESA (COPS) Grant330 - Intergovernmental Totals:148,747100,000100,000 105,948100,00000 %360 - Use of Money & Property3,7695005002,5441,000500100 %212-0000-41900 Allocated Interest360 - Use of Money & Property Totals:3,7695005002,5441,000500100 %0000 - Undesignated Totals:152,516100,500100,500 108,492101,0005000 %212 - SLESA (COPS) FUND Totals:152,516100,500100,500 108,492101,0005000 %215 - LIGHTING & LANDSCAPING FUND0000 - Undesignated350 - Fines, Forfeitures & Abatements961,633976,500976,500529,733996,00019,5002 %215-0000-43210 LLD AssessmentsFines, Forfeitures & Abatements Totals:961,633976,500976,500 529,733996,00019,5002 %360 - Use of Money & Property12,5013,0003,0008,25210,0007,000233 %215-0000-41900 Allocated Interest360 - Use of Money & Property Totals:12,5013,0003,0008,25210,0007,000233 %390 - Other Financing Sources624,0001,294,700994,700994,700886,000(108,700)-11 %215-0000-49500 Transfers In390 - Other Financing Sources Totals:624,0001,294,700994,700 994,700886,000(108,700)-11 %0000 - Undesignated Totals:1,598,1342,274,2001,974,200 1,532,6861,892,000(82,200)-4 %- LIGHTING & LANDSCAPING FUND Totals:1,598,1342,274,2001,974,200 1,532,6861,892,000(82,200)-4 %850,00000000850,00000000869,9863,2003,20016,31915,00011,800869,9863,2003,20016,31915,00011,80060,999123,200145,1672,104141,900(3,267)60,999123,200145,1672,104141,900(3,267)60,999123,200145,1672,104141,900(3,267)60,999123,200145,1672,104141,900(3,267)148,747100,000100,000105,948100,0000148,747100,000100,000 105,948100,00003,7695005002,5441,0005003,7695005002,5441,000500152,516100,500100,500 108,492101,000500152,516100,500100,500 108,492101,000500961,633976,500976,500529,733996,00019,500961,633976,500976,500 529,733996,00019,50012,5013,0003,0008,25210,0007,00012,5013,0003,0008,25210,0007,000624,0001,294,700994,700994,700886,000(108,700)624,0001,294,700994,700 994,700886,000(108,700)1,598,1342,274,2001,974,200 1,532,6861,892,000(82,200)1,598,1342,274,2001,974,200 1,532,6861,892,000(82,200)CITY OF LA QUINTANON-GENERAL FUNDREVENUE DETAILS BY FUND NUMBERFY 2020/21 PROPOSED BUDGET104 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget220 - QUIMBY FUND0000 - Undesignated360 - Use of Money & Property129,83240,00040,00036,90130,000(10,000)-25 %220-0000-41900 Allocated Interest0100,000100,000050,000(50,000)-50 %220-0000-43200 Quimby Fees360 - Use of Money & Property Totals:129,832140,000140,00036,90180,000(60,000)-43 %0000 - Undesignated Totals:129,832140,000140,00036,90180,000(60,000)-43 %220 - QUIMBY FUND Totals:129,832140,000140,00036,90180,000(60,000)-43 %221 - AB 939 - CALRECYCLE FUND0000 - Undesignated310 - Tax Revenues54,64561,00061,00036,01761,00000 %221-0000-41506 Burrtec AB 939 Fee310 - Tax Revenues Totals:54,64561,00061,00036,01761,00000 %330 - Intergovernmental10,365000000 %221-0000-43120 Cal Recycle Grant330 - Intergovernmental Totals:10,365000000 %360 - Use of Money & Property26,1519,0009,00011,28015,0006,00067 %221-0000-41900 Allocated Interest360 - Use of Money & Property Totals:26,1519,0009,00011,28015,0006,00067 %0000 - Undesignated Totals:91,16170,00070,00047,29776,0006,0009 %221 - AB 939 - CALRECYCLE FUND Totals:91,16170,00070,00047,29776,0006,0009 %223 - MEASURE A FUND0000 - Undesignated310 - Tax Revenues742,9211,294,3001,294,300455,4851,299,0004,7000 %223-0000-41320 County Sales Tax310 - Tax Revenues Totals:742,9211,294,3001,294,300 455,4851,299,0004,7000 %360 - Use of Money & Property40,52715,00015,00021,98720,0005,00033 %223-0000-41900 Allocated Interest02,0002,00000(2,000)-100 %223-0000-42000 Insurance Recoveries360 - Use of Money & Property Totals:40,52717,00017,00021,98720,0003,00018 %0000 - Undesignated Totals:783,4481,311,3001,311,300 477,4721,319,0007,7001 %223 - MEASURE A FUND Totals:783,4481,311,3001,311,300 477,4721,319,0007,7001 %129,83240,00040,00036,90130,000(10,000)0100,000100,000050,000(50,000)129,832140,000140,00036,90180,000(60,000)129,832140,000140,00036,90180,000(60,000)129,832140,000140,00036,90180,000(60,000)54,64561,00061,00036,01761,000054,64561,00061,00036,01761,000010,3650000010,3650000026,1519,0009,00011,28015,0006,00026,1519,0009,00011,28015,0006,00091,16170,00070,00047,29776,0006,00091,16170,00070,00047,29776,0006,000742,9211,294,3001,294,300455,4851,299,0004,700742,9211,294,3001,294,300 455,4851,299,0004,70040,52715,00015,00021,98720,0005,00002,0002,00000(2,000)40,52717,00017,00021,98720,0003,000783,4481,311,3001,311,300 477,4721,319,0007,700783,4481,311,3001,311,300 477,4721,319,0007,700CITY OF LA QUINTANON-GENERAL FUNDREVENUE DETAILS BY FUND NUMBERFY 2020/21 PROPOSED BUDGET105 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget225 - INFRASTRUCTURE FUND0000 - Undesignated360 - Use of Money & Property733300300257200(100)-33 %225-0000-41900 Allocated Interest360 - Use of Money & Property Totals:733300300257200(100)-33 %0000 - Undesignated Totals:733300300257200(100)-33 %225 - INFRASTRUCTURE FUND Totals:733300300257200(100)-33 %226 - EMERGENCY MANAGEMENT PERFORM0000 - Undesignated330 - Intergovernmental10,50012,00012,000012,00000 %226-0000-43120 EMP Grant330 - Intergovernmental Totals:10,50012,00012,000012,00000 %360 - Use of Money & Property15500951001000 %226-0000-41900 Allocated Interest360 - Use of Money & Property Totals:15500951001000 %0000 - Undesignated Totals:10,65512,00012,0009512,1001001 %ENT PERFORMANCE GRANT (EMPG) Totals:10,65512,00012,0009512,1001001 %227 - STATE HOMELAND SECURITY PROGR0000 - Undesignated330 - Intergovernmental6,01800(3,194)5,0005,0000 %227-0000-43120 SHSP Grant330 - Intergovernmental Totals:6,01800(3,194)5,0005,0000 %0000 - Undesignated Totals:6,01800(3,194)5,0005,0000 %AND SECURITY PROGRAMS (SHSP) Totals:6,01800(3,194)5,0005,0000 %230 - CASp FUND, AB 13790000 - Undesignated360 - Use of Money & Property33120020040720000 %230-0000-41900 Allocated Interest360 - Use of Money & Property Totals:33120020040720000 %380 - Transfers In20,36621,00021,00016,30318,000(3,000)-14 %230-0000-42130 SB 1186 Revenue380 - Transfers In Totals:20,36621,00021,00016,30318,000(3,000)-14 %0000 - Undesignated Totals:20,69721,20021,20016,71018,200(3,000)-14 %230 - CASp FUND, AB 1379 Totals:20,69721,20021,20016,71018,200(3,000)-14 %733300300257200(100)733300300257200(100)733300300257200(100)733300300257200(100)10,50012,00012,000012,000010,50012,00012,000012,00001550095100100155009510010010,65512,00012,0009512,10010010,65512,00012,0009512,1001006,01800(3,194)5,0005,0006,01800(3,194)5,0005,0006,01800(3,194)5,0005,0006,01800(3,194)5,0005,0003312002004072000331200200407200020,36621,00021,00016,30318,000(3,000)20,36621,00021,00016,30318,000(3,000)20,69721,20021,20016,71018,200(3,000)20,69721,20021,20016,71018,200(3,000)CITY OF LA QUINTANON-GENERAL FUNDREVENUE DETAILS BY FUND NUMBERFY 2020/21 PROPOSED BUDGET106 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget235 - SO COAST AIR QUALITY FUND0000 - Undesignated330 - Intergovernmental53,44452,00052,00026,26752,00000 %235-0000-43410 SCAQ Contribution330 - Intergovernmental Totals:53,44452,00052,00026,26752,00000 %360 - Use of Money & Property2,7711,5001,5001,2771,000(500)-33 %235-0000-41900 Allocated Interest360 - Use of Money & Property Totals:2,7711,5001,5001,2771,000(500)-33 %0000 - Undesignated Totals:56,21553,50053,50027,54353,000(500)-1 %35 - SO COAST AIR QUALITY FUND Totals:56,21553,50053,50027,54353,000(500)-1 %241 - HOUSING AUTHORITY9101 - Housing Authority - Admin340 - Charges for Services1000 000 %241-9101-42301 Miscellaneous Revenue340 - Charges for Services Totals:1000 000 %360 - Use of Money & Property339,095110,000230,000150,852250,00020,0009 %241-9101-41900 Allocated Interest771005993003000 %241-9101-41915 Non-Allocated Interest58,814058,800118,7890(58,800)-100 %241-9101-43500 Home Sale Proceeds001,061,45600 (1,061,456)-100 %241-9101-45000 Sale of Other Assets360 - Use of Money & Property Totals:398,680110,0001,350,256 270,239250,300 (1,099,956)-81 %380 - Transfers In187,89250,00050,000025,000(25,000)-50 %241-9101-43504 2nd Trust Deed Repayme380 - Transfers In Totals:187,89250,00050,000025,000(25,000)-50 %9101 - Housing Authority - Admin Totals:586,572160,0001,400,256 270,239275,300 (1,124,956)-80 %9103 - Housing Authority - LQRP360 - Use of Money & Property286,872288,000288,000224,726288,00000 %241-9103-43502 Rent Revenue/LQRP360 - Use of Money & Property Totals:286,872288,000288,000 224,726288,00000 %9103 - Housing Authority - LQRP Totals:286,872288,000288,000 224,726288,00000 %241 - HOUSING AUTHORITY Totals:873,444448,0001,688,256 494,965563,300 (1,124,956)-67 %53,44452,00052,00026,26752,000053,44452,00052,00026,26752,00002,7711,5001,5001,2771,000(500)2,7711,5001,5001,2771,000(500)56,21553,50053,50027,54353,000(500)56,21553,50053,50027,54353,000(500)1000 001000 00339,095110,000230,000150,852250,00020,0007710059930030058,814058,800118,7890(58,800)001,061,45600 (1,061,456)398,680110,0001,350,256 270,239250,300 (1,099,956)187,89250,00050,000025,000(25,000)187,89250,00050,000025,000(25,000)586,572160,0001,400,256 270,239275,300 (1,124,956)286,872288,000288,000224,726288,0000286,872288,000288,000 224,726288,0000286,872288,000288,000 224,726288,0000873,444448,0001,688,256 494,965563,300 (1,124,956)CITY OF LA QUINTANON-GENERAL FUNDREVENUE DETAILS BY FUND NUMBERFY 2020/21 PROPOSED BUDGET107 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget243 - RDA LOW-MOD HOUSING FUND0000 - Undesignated360 - Use of Money & Property55,55522,00040,00031,01840,00000 %243-0000-41900 Allocated Interest360 - Use of Money & Property Totals:55,55522,00040,00031,01840,00000 %0000 - Undesignated Totals:55,55522,00040,00031,01840,00000 %3 - RDA LOW-MOD HOUSING FUND Totals:55,55522,00040,00031,01840,00000 %247 - ECONOMIC DEVELOPMENT FUND0000 - Undesignated360 - Use of Money & Property31,9410041,98840,00040,0000 %247-0000-41900 Allocated Interest360 - Use of Money & Property Totals:31,9410041,98840,00040,0000 %390 - Other Financing Sources2,975,56401,500,000 1,500,0000 (1,500,000)-100 %247-0000-49500 Transfers In390 - Other Financing Sources Totals:2,975,56401,500,000 1,500,0000 (1,500,000)-100 %0000 - Undesignated Totals:3,007,50501,500,000 1,541,98840,000 (1,460,000)-97 %- ECONOMIC DEVELOPMENT FUND Totals:3,007,50501,500,000 1,541,98840,000 (1,460,000)-97 %248 - SA 2004 LO/MOD BOND FUND (Refin0000 - Undesignated340 - Charges for Services0001,820000 %248-0000-42305 Miscellaneous Reimbursem340 - Charges for Services Totals:0001,820000 %360 - Use of Money & Property17,587005,307000 %248-0000-41900 Allocated Interest360 - Use of Money & Property Totals:17,587005,307000 %0000 - Undesignated Totals:17,587007,127000 % BOND FUND (Refinanced in 2014) Totals:17,587007,127000 %249 - SA 2011 LOW/MOD BOND FUND (Re0000 - Undesignated360 - Use of Money & Property3,289005,646000 %249-0000-41900 Allocated Interest487,581270,000350,000280,502350,00000 %249-0000-41915 Non-Allocated Interest360 - Use of Money & Property Totals:490,870270,000350,000 286,148350,00000 %0000 - Undesignated Totals:490,870270,000350,000 286,148350,00000 %BOND FUND (Refinanced in 2016) Totals:490,870270,000350,000 286,148350,00000 %55,55522,00040,00031,01840,000055,55522,00040,00031,01840,000055,55522,00040,00031,01840,000055,55522,00040,00031,01840,000031,9410041,98840,00040,00031,9410041,98840,00040,0002,975,56401,500,000 1,500,0000 (1,500,000)2,975,56401,500,000 1,500,0000 (1,500,000)3,007,50501,500,000 1,541,98840,000 (1,460,000)3,007,50501,500,000 1,541,98840,000 (1,460,000)0001,820000001,8200017,587005,3070017,587005,3070017,587007,1270017,587007,127003,289005,64600487,581270,000350,000280,502350,0000490,870270,000350,000 286,148350,0000490,870270,000350,000 286,148350,0000490,870270,000350,000 286,148350,0000CITY OF LA QUINTANON-GENERAL FUNDREVENUE DETAILS BY FUND NUMBERFY 2020/21 PROPOSED BUDGET108 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget250 - TRANSPORTATION DIF FUND0000 - Undesignated360 - Use of Money & Property91,63645,00045,00031,66730,000(15,000)-33 %250-0000-41900 Allocated Interest639,345350,000350,000379,838350,00000 %250-0000-43200 Developer Fees360 - Use of Money & Property Totals:730,981395,000395,000 411,505380,000(15,000)-4 %390 - Other Financing Sources25,242000000 %250-0000-49500 Transfers In390 - Other Financing Sources Totals:25,242000000 %0000 - Undesignated Totals:756,223395,000395,000 411,505380,000(15,000)-4 %250 - TRANSPORTATION DIF FUND Totals:756,223395,000395,000 411,505380,000(15,000)-4 %251 - PARKS & REC DIF FUND0000 - Undesignated360 - Use of Money & Property35,3476,0006,00019,8244,000(2,000)-33 %251-0000-41900 Allocated Interest344,064300,000300,000206,848300,00000 %251-0000-43200 Developer Fees360 - Use of Money & Property Totals:379,411306,000306,000 226,672304,000(2,000)-1 %0000 - Undesignated Totals:379,411306,000306,000 226,672304,000(2,000)-1 %251 - PARKS & REC DIF FUND Totals:379,411306,000306,000 226,672304,000(2,000)-1 %252 - CIVIC CENTER DIF FUND0000 - Undesignated360 - Use of Money & Property866002,181000 %252-0000-41900 Allocated Interest176,934110,000110,000101,858110,00000 %252-0000-43200 Developer Fees360 - Use of Money & Property Totals:177,800110,000110,000 104,039110,00000 %0000 - Undesignated Totals:177,800110,000110,000 104,039110,00000 %252 - CIVIC CENTER DIF FUND Totals:177,800110,000110,000 104,039110,00000 %253 - LIBRARY DEVELOPMENT DIF0000 - Undesignated360 - Use of Money & Property57,79245,00045,00034,74445,00000 %253-0000-43200 Developer Fees360 - Use of Money & Property Totals:57,79245,00045,00034,74445,00000 %0000 - Undesignated Totals:57,79245,00045,00034,74445,00000 %253 - LIBRARY DEVELOPMENT DIF Totals:57,79245,00045,00034,74445,00000 %91,63645,00045,00031,66730,000(15,000)639,345350,000350,000379,838350,0000730,981395,000395,000 411,505380,000(15,000)25,2420000025,24200000756,223395,000395,000 411,505380,000(15,000)756,223395,000395,000 411,505380,000(15,000)35,3476,0006,00019,8244,000(2,000)344,064300,000300,000206,848300,0000379,411306,000306,000 226,672304,000(2,000)379,411306,000306,000 226,672304,000(2,000)379,411306,000306,000 226,672304,000(2,000)866002,18100176,934110,000110,000101,858110,0000177,800110,000110,000 104,039110,0000177,800110,000110,000 104,039110,0000177,800110,000110,000 104,039110,000057,79245,00045,00034,74445,000057,79245,00045,00034,74445,000057,79245,00045,00034,74445,000057,79245,00045,00034,74445,0000CITY OF LA QUINTANON-GENERAL FUNDREVENUE DETAILS BY FUND NUMBERFY 2020/21 PROPOSED BUDGET109 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget254 - COMMUNITY CENTER DIF0000 - Undesignated360 - Use of Money & Property4,8042,0002,0002,3341,500(500)-25 %254-0000-41900 Allocated Interest21,67220,00020,00013,02915,000(5,000)-25 %254-0000-43200 Developer Fees360 - Use of Money & Property Totals:26,47622,00022,00015,36316,500(5,500)-25 %0000 - Undesignated Totals:26,47622,00022,00015,36316,500(5,500)-25 %254 - COMMUNITY CENTER DIF Totals:26,47622,00022,00015,36316,500(5,500)-25 %255 - STREET FACILITY DIF FUND0000 - Undesignated360 - Use of Money & Property12900281000 %255-0000-41900 Allocated Interest26,09917,00017,00015,27917,00000 %255-0000-43200 Developer Fees360 - Use of Money & Property Totals:26,22817,00017,00015,56117,00000 %390 - Other Financing Sources3,9666,00000000 %255-0000-49500 Transfers In390 - Other Financing Sources Totals:3,9666,00000000 %0000 - Undesignated Totals:30,19423,00017,00015,56117,00000 %255 - STREET FACILITY DIF FUND Totals:30,19423,00017,00015,56117,00000 %256 - PARK FACILITY DIF FUND0000 - Undesignated360 - Use of Money & Property20041001000 %256-0000-41900 Allocated Interest6,7207,0007,0004,0407,00000 %256-0000-43200 Developer Fees360 - Use of Money & Property Totals:6,7227,0007,0004,0447,1001001 %0000 - Undesignated Totals:6,7227,0007,0004,0447,1001001 %256 - PARK FACILITY DIF FUND Totals:6,7227,0007,0004,0447,1001001 %257 - FIRE PROTECTION DIF0000 - Undesignated360 - Use of Money & Property392009675005000 %257-0000-41900 Allocated Interest81,37055,00055,00046,81355,00000 %257-0000-43200 Developer Fees360 - Use of Money & Property Totals:81,76155,00055,00047,78155,5005001 %0000 - Undesignated Totals:81,76155,00055,00047,78155,5005001 %257 - FIRE PROTECTION DIF Totals:81,76155,00055,00047,78155,5005001 %4,8042,0002,0002,3341,500(500)21,67220,00020,00013,02915,000(5,000)26,47622,00022,00015,36316,500(5,500)26,47622,00022,00015,36316,500(5,500)26,47622,00022,00015,36316,500(5,500)129002810026,09917,00017,00015,27917,000026,22817,00017,00015,56117,00003,9666,00000003,9666,000000030,19423,00017,00015,56117,000030,19423,00017,00015,56117,000020041001006,7207,0007,0004,0407,00006,7227,0007,0004,0447,1001006,7227,0007,0004,0447,1001006,7227,0007,0004,0447,1001003920096750050081,37055,00055,00046,81355,000081,76155,00055,00047,78155,50050081,76155,00055,00047,78155,50050081,76155,00055,00047,78155,500500CITY OF LA QUINTANON-GENERAL FUNDREVENUE DETAILS BY FUND NUMBERFY 2020/21 PROPOSED BUDGET110 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget270 - ART IN PUBLIC PLACES FUND0000 - Undesignated360 - Use of Money & Property16,5615,5005,5009,1056,0005009 %270-0000-41900 Allocated Interest103,17255,00055,00053,05355,00000 %270-0000-43201 APP Fees360 - Use of Money & Property Totals:119,73360,50060,50062,15861,0005001 %390 - Other Financing Sources0100,000100,000100,00050,000(50,000)-50 %270-0000-49500 Transfers In390 - Other Financing Sources Totals:0100,000100,000 100,00050,000(50,000)-50 %0000 - Undesignated Totals:119,733160,500160,500 162,158111,000(49,500)-31 %270 - ART IN PUBLIC PLACES FUND Totals:119,733160,500160,500 162,158111,000(49,500)-31 %275 - LQ PUBLIC SAFETY OFFICER0000 - Undesignated360 - Use of Money & Property1,33460060063260000 %275-0000-41900 Allocated Interest360 - Use of Money & Property Totals:1,33460060063260000 %390 - Other Financing Sources2,0002,0002,0002,0002,00000 %275-0000-49500 Transfers In390 - Other Financing Sources Totals:2,0002,0002,0002,0002,00000 %0000 - Undesignated Totals:3,3342,6002,6002,6322,60000 %275 - LQ PUBLIC SAFETY OFFICER Totals:3,3342,6002,6002,6322,60000 %310 - LQ FINANCE AUTHORITY DEBT SERV0000 - Undesignated360 - Use of Money & Property350000000 %310-0000-41915 Non-Allocated Interest668,5111,0001,0001,1001,10010010 %310-0000-42111 Rental Income360 - Use of Money & Property Totals:668,8611,0001,0001,1001,10010010 %0000 - Undesignated Totals:668,8611,0001,0001,1001,10010010 %NANCE AUTHORITY DEBT SERVICE Totals:668,8611,0001,0001,1001,10010010 %16,5615,5005,5009,1056,000500103,17255,00055,00053,05355,0000119,73360,50060,50062,15861,0005000100,000100,000100,00050,000(50,000)0100,000100,000 100,00050,000(50,000)119,733160,500160,500 162,158111,000(49,500)119,733160,500160,500 162,158111,000(49,500)1,33460060063260001,33460060063260002,0002,0002,0002,0002,00002,0002,0002,0002,0002,00003,3342,6002,6002,6322,60003,3342,6002,6002,6322,600035000000668,5111,0001,0001,1001,100100668,8611,0001,0001,1001,100100668,8611,0001,0001,1001,100100668,8611,0001,0001,1001,100100CITY OF LA QUINTANON-GENERAL FUNDREVENUE DETAILS BY FUND NUMBERFY 2020/21 PROPOSED BUDGET111 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget401 - CAPITAL IMPROVEMENT PROGRAMS0000 - Undesignated330 - Intergovernmental443,4840 14,260,35438,0870 (14,260,354)-100 %401-0000-41712 Surface Transportation Pr406,49602,670,428948,3460 (2,670,428)-100 %401-0000-41713 Hwy Sfty Imp Prog (HSIP109,5000187,70050,6060(187,700)-100 %401-0000-41714 SB 821 Grants30,0002,585,5002,585,50009,856,5007,271,000281 %401-0000-41716 Highway Bridge Program 07,313,1007,313,10029,5140 (7,313,100)-100 %401-0000-41717 Active Transportation Gra397,289251,2004,048,692926,8352,679,000 (1,369,692)-34 %401-0000-41721 CVAG201,34049,900267,09900(267,099)-100 %401-0000-43634 CV Water District00304,05100(304,051)-100 %401-0000-43650 Contributions from Other 330 - Intergovernmental Totals:1,588,109 10,199,700 31,636,924 1,993,38912,535,500 (19,101,424)-60 %360 - Use of Money & Property18,893000000 %401-0000-41900 Allocated Interest572,9640946,175200,0000(946,175)-100 %401-0000-43133 Developer Agreement Fun360 - Use of Money & Property Totals:591,8570946,175 200,0000(946,175)-100 %390 - Other Financing Sources7,626,741 11,022,300 40,606,920 8,133,1145,980,100 (34,626,820)-85 %401-0000-49500 Transfers In390 - Other Financing Sources Totals:7,626,741 11,022,300 40,606,920 8,133,1145,980,100 (34,626,820)-85 %0000 - Undesignated Totals:9,806,707 21,222,000 73,190,019 10,326,50318,515,600 (54,674,419)-75 %APITAL IMPROVEMENT PROGRAMS Totals:9,806,707 21,222,000 73,190,019 10,326,50318,515,600 (54,674,419)-75 %405 - SA PA 1 CAPITAL IMPRV FUND0000 - Undesignated360 - Use of Money & Property200,846100,000100,00086,327100,00000 %405-0000-41900 Allocated Interest360 - Use of Money & Property Totals:200,846100,000100,00086,327100,00000 %0000 - Undesignated Totals:200,846100,000100,00086,327100,00000 %05 - SA PA 1 CAPITAL IMPRV FUND Totals:200,846100,000100,00086,327100,00000 %501 - FACILITY & FLEET REPLACEMENT0000 - Undesignated360 - Use of Money & Property92,97230,00030,00045,24930,00000 %501-0000-41900 Allocated Interest11,203000000 %501-0000-42000 Insurance Recoveries360 - Use of Money & Property Totals:104,17530,00030,00045,24930,00000 %390 - Other Financing Sources911,700869,200869,200651,900900,00030,8004 %501-0000-43636 FMP Equipment Charges39,3751,0001,00001,00000 %501-0000-45000 Sale of Other Assets150,000000000 %501-0000-49500 Transfers In390 - Other Financing Sources Totals:1,101,075870,200870,200 651,900901,00030,8004 %443,4840 14,260,35438,0870 (14,260,354)406,49602,670,428948,3460 (2,670,428)109,5000187,70050,6060(187,700)30,0002,585,5002,585,50009,856,5007,271,00007,313,1007,313,10029,5140 (7,313,100)397,289251,2004,048,692926,8352,679,000 (1,369,692)201,34049,900267,09900(267,099)00304,05100(304,051)1,588,109 10,199,700 31,636,924 1,993,38912,535,500 (19,101,424)18,89300000572,9640946,175200,0000(946,175)591,8570946,175 200,0000(946,175)7,626,741 11,022,300 40,606,920 8,133,1145,980,100 (34,626,820)7,626,741 11,022,300 40,606,920 8,133,1145,980,100 (34,626,820)9,806,707 21,222,000 73,190,019 10,326,50318,515,600 (54,674,419)9,806,707 21,222,000 73,190,019 10,326,50318,515,600 (54,674,419)200,846100,000100,00086,327100,0000200,846100,000100,00086,327100,0000200,846100,000100,00086,327100,0000200,846100,000100,00086,327100,000092,97230,00030,00045,24930,000011,20300000104,17530,00030,00045,24930,0000911,700869,200869,200651,900900,00030,80039,3751,0001,00001,0000150,000000001,101,075870,200870,200 651,900901,00030,800CITY OF LA QUINTANON-GENERAL FUNDREVENUE DETAILS BY FUND NUMBERFY 2020/21 PROPOSED BUDGET112 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget0000 - Undesignated Totals:1,205,250900,200900,200 697,149931,00030,8003 %- FACILITY & FLEET REPLACEMENT Totals:1,205,250900,200900,200 697,149931,00030,8003 %502 - INFORMATION TECHNOLOGY0000 - Undesignated340 - Charges for Services20,23219,00019,00016,65515,000(4,000)-21 %502-0000-43611 Technology Enhancement340 - Charges for Services Totals:20,23219,00019,00016,65515,000(4,000)-21 %360 - Use of Money & Property29,10911,00011,00016,47811,00000 %502-0000-41900 Allocated Interest360 - Use of Money & Property Totals:29,10911,00011,00016,47811,00000 %390 - Other Financing Sources75,303000000 %502-0000-42207 Capital Contributions1,080,9001,364,4001,364,400 1,023,3751,634,600270,20020 %502-0000-43610 Technology Support Char3,934000000 %502-0000-45000 Sale of Other Assets295,0000100,000100,0000(100,000)-100 %502-0000-49500 Transfers In390 - Other Financing Sources Totals:1,455,1371,364,4001,464,400 1,123,3751,634,600170,20012 %0000 - Undesignated Totals:1,504,4781,394,4001,494,400 1,156,5081,660,600166,20011 %502 - INFORMATION TECHNOLOGY Totals:1,504,4781,394,4001,494,400 1,156,5081,660,600166,20011 %503 - PARK EQUIP & FACILITY FUND0000 - Undesignated340 - Charges for Services903000000 %503-0000-42305 Miscellaneous Reimbursem340 - Charges for Services Totals:903000000 %360 - Use of Money & Property104,42145,00045,00051,44945,00000 %503-0000-41900 Allocated Interest360 - Use of Money & Property Totals:104,42145,00045,00051,44945,00000 %390 - Other Financing Sources39000000 %503-0000-42207 Capital Contributions655,000674,000337,000337,000372,50035,50011 %503-0000-43620 Park Facility Charges390 - Other Financing Sources Totals:655,039674,000337,000 337,000372,50035,50011 %0000 - Undesignated Totals:760,363719,000382,000 388,449417,50035,5009 %03 - PARK EQUIP & FACILITY FUND Totals:760,363719,000382,000 388,449417,50035,5009 %1,205,250900,200900,200 697,149931,00030,8001,205,250900,200900,200 697,149931,00030,80020,23219,00019,00016,65515,000(4,000)20,23219,00019,00016,65515,000(4,000)29,10911,00011,00016,47811,000029,10911,00011,00016,47811,000075,303000001,080,9001,364,4001,364,400 1,023,3751,634,600270,2003,93400000295,0000100,000100,0000(100,000)1,455,1371,364,4001,464,400 1,123,3751,634,600170,2001,504,4781,394,4001,494,400 1,156,5081,660,600166,2001,504,4781,394,4001,494,400 1,156,5081,660,600166,2009030000090300000104,42145,00045,00051,44945,0000104,42145,00045,00051,44945,00003900000655,000674,000337,000337,000372,50035,500655,039674,000337,000 337,000372,50035,500760,363719,000382,000 388,449417,50035,500760,363719,000382,000 388,449417,50035,500CITY OF LA QUINTANON-GENERAL FUNDREVENUE DETAILS BY FUND NUMBERFY 2020/21 PROPOSED BUDGET113 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget504 - INSURANCE FUND0000 - Undesignated360 - Use of Money & Property(753)1,0001,0007391,00000 %504-0000-41900 Allocated Interest0002,358000 %504-0000-42000 Insurance Recoveries360 - Use of Money & Property Totals:(753)1,0001,0003,0961,00000 %390 - Other Financing Sources922,600928,500928,500700,050928,50000 %504-0000-43637 Insurance Charges390 - Other Financing Sources Totals:922,600928,500928,500 700,050928,50000 %0000 - Undesignated Totals:921,847929,500929,500 703,146929,50000 %504 - INSURANCE FUND Totals:921,847929,500929,500 703,146929,50000 %760 - SUPPLEMENTAL PENSION PLAN0000 - Undesignated360 - Use of Money & Property3,5512,0002,0001,3291,500(500)-25 %760-0000-41900 Allocated Interest360 - Use of Money & Property Totals:3,5512,0002,0001,3291,500(500)-25 %390 - Other Financing Sources05,0005,0005,0005,00000 %760-0000-49500 Transfers In390 - Other Financing Sources Totals:05,0005,0005,0005,00000 %0000 - Undesignated Totals:3,5517,0007,0006,3296,500(500)-7 %0 - SUPPLEMENTAL PENSION PLAN Totals:3,5517,0007,0006,3296,500(500)-7 %761 - CERBT OPEB TRUST0000 - Undesignated360 - Use of Money & Property106,23240,00040,000(83,159)60,00020,00050 %761-0000-41915 Non-Allocated Interest360 - Use of Money & Property Totals:106,23240,00040,000 (83,159)60,00020,00050 %0000 - Undesignated Totals:106,23240,00040,000 (83,159)60,00020,00050 %761 - CERBT OPEB TRUST Totals:106,23240,00040,000 (83,159)60,00020,00050 %(753)1,0001,0007391,00000002,35800(753)1,0001,0003,0961,0000922,600928,500928,500700,050928,5000922,600928,500928,500 700,050928,5000921,847929,500929,500 703,146929,5000921,847929,500929,500 703,146929,50003,5512,0002,0001,3291,500(500)3,5512,0002,0001,3291,500(500)05,0005,0005,0005,000005,0005,0005,0005,00003,5517,0007,0006,3296,500(500)3,5517,0007,0006,3296,500(500)106,23240,00040,000(83,159)60,00020,000106,23240,00040,000 (83,159)60,00020,000106,23240,00040,000 (83,159)60,00020,000106,23240,00040,000 (83,159)60,00020,000CITY OF LA QUINTANON-GENERAL FUNDREVENUE DETAILS BY FUND NUMBERFY 2020/21 PROPOSED BUDGET114 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget762 - PARS PENSION TRUST0000 - Undesignated360 - Use of Money & Property0200,000200,000 (459,202)500,000300,000150 %762-0000-41915 Non-Allocated Interest6,540,000000000 %762-0000-41917 Employer Contributions360 - Use of Money & Property Totals:6,540,000200,000200,000 (459,202)500,000300,000150 %0000 - Undesignated Totals:6,540,000200,000200,000 (459,202)500,000300,000150 %762 - PARS PENSION TRUST Totals:6,540,000200,000200,000 (459,202)500,000300,000150 %0200,000200,000 (459,202)500,000300,0006,540,000000006,540,000200,000200,000 (459,202)500,000300,0006,540,000200,000200,000 (459,202)500,000300,0006,540,000200,000200,000 (459,202)500,000300,000CITY OF LA QUINTANON-GENERAL FUNDREVENUE DETAILS BY FUND NUMBERFY 2020/21 PROPOSED BUDGET115 REVENUE NOTES BY FUND NUMBER – 201 Fund Gas Tax revenues are anticipated to decrease in FY 2020/21 due to impacts from COVID-19. 202 Funds for the Library and Museum operations are derived from property taxes. 203 Fund Transfers In during FY 2018/19 are from Measure G Sales Taxes. There are no proposed Transfers In for 2020/21. 210 Fund revenues are derived from federal allocations for Community Development Block Grants (CDBG). 215 Fund Lighting and Landscape Assessments are based on an annual assessment rate of $35.60 per parcel, which was established in 1997 and remains unchanged. 215 Fund Transfers In are from the General Fund to supplement operations and in 2019/20 $200,000 (a reduction from the original amount of $500,000) was allocated for landscape improvements. In 2020/21 the landscape improvement budget was decreased to $100,000. 220 Fund Quimby Fees are dependent upon new development. 223 Fund County Sales Tax revenue increased in FY 2019/20 because of the City paid off its liability to CVAG, whereby 50% of revenues were being withheld for MSHCP participation. This revenue is dependent on sales tax projections and may be altered as COVID-19 impacts continue. 227 Fund revenue and expenditures are recognized when grants are awarded. 230 Fund SB 1186 Revenue is derived from a $4 business license renewal fee. 241 Fund Second Trust Deed Payments and Home Sale Proceeds vary from year-to-year. Additional repayment of silent second trust deeds are recognized upon receipt. 243 Fund the 2020/21 former Redevelopment Agency loan repayment of $647,767 will be recognized in reserves within this Fund. 247 Fund includes a transfer in from General Fund Economic Disaster Reserves in FY 2019/20 ($1,500,000). This transfer was used to fund the Economic Relief Business Loan Program. 248 Fund was fully used for the Washington Street Apartment rehabilitation and expansion project. 249 Fund was partially used for the Washington Street Apartment rehabilitation and expansion project. Remaining bond funds continue to earn interest and are available for future housing projects. 250 Transportation Fees are dependent upon new development. 251 Park and Recreation DIF Fund Fees are dependent upon new development. CITY OF LA QUINTA NON-GENERAL FUND REVENEU NOTES BY FUND NUMBER FY 2020/21 PROPOSED BUDGET 116 REVENUE NOTES BY FUND NUMBER (CONTINUED) – 252 Civic Center DIF Fund Fees are dependent upon new development. 253 Library DIF Fund Fees are dependent upon new development. 254 Community Center DIF Fund Fees are dependent upon new development. 255 Street Facility DIF Fund Fees are dependent upon new development. 256 Park Facility DIF Fund Fees are dependent upon new development. 257 Fire Facility DIF Fund Fees are dependent upon new development. 270 Fund Transfers In are from the General Fund for operational expenses. Fees are dependent upon new development. 275 Fund Transfers In are from the General Fund. 310 Fund revenue decrease in 2019/20 reflects the 1996 Civic Center Bond being paid off in October 2018, resulting in savings to the General Fund. 401 Fund annually has large variances because of multi-year carryover projects. A listing of 2020/21 projects is presented within the Capital Improvement Fund expenditures. 501, 502, 503, and 504 Funds are Internal Services Funds, revenues are largely derived from the General Fund based on employee and equipment allocations by division. 502 Fund Transfers In for 2018/19 and 2019/20 are from General Fund unassigned reserves to implement required upgrades. 760 Fund Transfers In are from the General Fund. 762 Fund Employer Pension Trust Contribution was an initial contribution in 2018/19 to open a new Citywide Pension Trust using General Fund reserves designated for this purpose. The FY 2019/20 contribution of $3,460,000 will be reflected in the final adopted budget. CITY OF LA QUINTA NON-GENERAL FUND REVENEU NOTES BY FUND NUMBER FY 2020/21 PROPOSED BUDGET 117 This page intentionally left blank. 118 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget501 - FACILITY & FLEET REPLACEMENT0000 - Undesignated60 - Contract Services83,143000000 %501-0000-60213 Interest Expense60 - Contract Services Totals:83,143000000 %62 - Maintenance & Operations10,760000000 %501-0000-60148 Car Washes345000000 %501-0000-60320 Travel & Training66,25650,00070,00056,40560,000(10,000)-14 %501-0000-60674 Fuel & Oil4,93310,00010,0001,96210,00000 %501-0000-60675 Parts & Maintenance Supp20,41455,00055,00019,87140,000(15,000)-27 %501-0000-60676 Vehicle Repair & Mainten4,6165,0005,0002,1525,00000 %501-0000-60678 Street Sweeper15,30310,00010,0006,19110,00000 %501-0000-60679 Motorcycle Repair & Main62 - Maintenance & Operations Totals:122,628130,000150,00086,581125,000(25,000)-17 %63 - Insurance12,00012,50012,5009,37512,50000 %501-0000-91843 Property & Crime Insuran63 - Insurance Totals:12,00012,50012,5009,37512,50000 %68 - Capital Expenses15,69330,00030,00028,56325,000(5,000)-17 %501-0000-71020 Furniture13,554230,700230,700168,949240,0009,3004 %501-0000-71030 Vehicles, Rentals & Lease00166,00073,04340,000(126,000)-76 %501-0000-71032 Building Leases244,131175,000305,000107,745150,000(155,000)-51 %501-0000-71103 City Bldg Repl/Repair1,419000000 %501-0000-71110 Depreciation Expense47,16735,00035,000045,00010,00029 %501-0000-71111 Deprec Exp - Mach & Equ44,09835,00035,000040,0005,00014 %501-0000-71112 Depreciation Expense - B319,92165,00065,000070,0005,0008 %501-0000-71113 Depreciation Expense - Ve5,6665,0005,00005,00000 %501-0000-71114 Depreciation Expense - M7,072130,000310,00064,567100,000(210,000)-68 %501-0000-80100 Machinery & Equipment68 - Capital Expenses Totals:698,721705,7001,181,700 442,868715,000(466,700)-39 %99 - Transfers Out10,70650,000194,837150,12050,000(144,837)-74 %501-0000-99900 Transfers Out99 - Transfers Out Totals:10,70650,000194,837 150,12050,000(144,837)-74 %0000 - Undesignated Totals:927,198898,2001,539,037 688,944902,500(636,537)-41 %- FACILITY & FLEET REPLACEMENT Totals:927,198898,2001,539,037 688,944902,500(636,537)-41 %83,1430000083,1430000010,760000003450000066,25650,00070,00056,40560,000(10,000)4,93310,00010,0001,96210,000020,41455,00055,00019,87140,000(15,000)4,6165,0005,0002,1525,000015,30310,00010,0006,19110,0000122,628130,000150,00086,581125,000(25,000)12,00012,50012,5009,37512,500012,00012,50012,5009,37512,500015,69330,00030,00028,56325,000(5,000)13,554230,700230,700168,949240,0009,30000166,00073,04340,000(126,000)244,131175,000305,000107,745150,000(155,000)1,4190000047,16735,00035,000045,00010,00044,09835,00035,000040,0005,000319,92165,00065,000070,0005,0005,6665,0005,00005,00007,072130,000310,00064,567100,000(210,000)698,721705,7001,181,700 442,868715,000(466,700)10,70650,000194,837150,12050,000(144,837)10,70650,000194,837 150,12050,000(144,837)927,198898,2001,539,037 688,944902,500(636,537)927,198898,2001,539,037 688,944902,500(636,537)CITY OF LA QUINTAINTERNAL SERVICE FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020119 Fund: 501 - FACILITY & FLEET REPLACEMENT Vehicles, Rentals & Leases 240,000.00501-0000-71030 The City leases most vehicles from Enterprise. City Bldg Repl/Repair 150,000.00501-0000-71103 Amount Council Chambers 100,000 Other Repairs 50,000 Machinery & Equipment 100,000.00501-0000-80100 6” towable trash pump to replace 20 year old pump 39” smooth drum asphalt roller Dump bed with tool boxes for Dodge Ram 4500 X2 Utility style bed for full size truck with lumber racks CITY OF LA QUINTA INTERNAL SERVICE FUND EXPENSE NOTES FY 2020/21 PROPOSED BUDGET 120 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget502 - INFORMATION TECHNOLOGY0000 - Undesignated50 - Salaries and Benefits29,25239,00039,00026,29834,600(4,400)-11 %502-0000-50101 Permanent Full Time00040 000 %502-0000-50105 Salaries - Overtime00010 000 %502-0000-50150 Other Compensation1,8681,7001,7001,9851,300(400)-24 %502-0000-50200 PERS-City Portion5,96210,30010,3005,0458,300(2,000)-19 %502-0000-50221 Medical Insurance1000074000 %502-0000-50222 Vision Insurance53600368000 %502-0000-50223 Dental Insurance110012000 %502-0000-50224 Life Insurance12330030013930000 %502-0000-50225 Long Term Disability42460060038260000 %502-0000-50240 Social Security-Medicare50 - Salaries and Benefits Totals:38,27551,90051,90034,35445,100(6,800)-13 %60 - Contract Services250,866400,000475,000311,160450,000(25,000)-5 %502-0000-60104 Consultants49,537112,00037,00035,30337,00000 %502-0000-60108 Technical211000000 %502-0000-60213 Interest Expense4,0005,0005,0004,6495,00000 %502-0000-60300 Maintenance Agreements246,709320,000320,000237,269465,000145,00045 %502-0000-60301 Software Licenses35,10540,00040,00030,70540,00000 %502-0000-61400 Cable - Utilities60 - Contract Services Totals:586,429877,000877,000 619,085997,000120,00014 %62 - Maintenance & Operations07007000500(200)-29 %502-0000-60320 Travel & Training(150)200200020000 %502-0000-60351 Membership Dues3,74810,00010,0009,14110,00000 %502-0000-60420 Operating Supplies72,37760,00060,00052,88680,00020,00033 %502-0000-60662 Copiers62 - Maintenance & Operations Totals:75,97570,90070,90062,02790,70019,80028 %66 - Utilities29,78030,00030,00025,274100,00070,000233 %502-0000-61300 Telephone - Utilities67,41970,00070,00034,79965,000(5,000)-7 %502-0000-61301 Cell/Mobile Phones66 - Utilities Totals:97,199100,000100,00060,073165,00065,00065 %68 - Capital Expenses000163 000 %502-0000-71020 Furniture72,28875,000279,600207,24430,000(249,600)-89 %502-0000-71042 D & D, Software Enhance4,35530,00055,60021,44111,000(44,600)-80 %502-0000-71043 Comm. Resources, Softwa3,04910,00010,00005,000(5,000)-50 %502-0000-71045 Finance, Software Enhanc7,06125,60025,6001,29515,000(10,600)-41 %502-0000-71047 City Clerk, Software Enha0000100,000100,0000 %502-0000-71048 Public Works, Software En2,59020,00020,000020,00000 %502-0000-71110 Depreciation Expense65,00400065,00065,0000 %502-0000-71111 Deprec Exp - Mach & Equ55,90100057,00057,0000 %502-0000-71115 Depreciation Expense - So4,59220,000380,000141,78125,000(355,000)-93 %502-0000-80100 Machinery & Equipment29,25239,00039,00026,29834,600(4,400)00040 0000010 001,8681,7001,7001,9851,300(400)5,96210,30010,3005,0458,300(2,000)1000074005360036800110012001233003001393000424600600382600038,27551,90051,90034,35445,100(6,800)250,866400,000475,000311,160450,000(25,000)49,537112,00037,00035,30337,0000211000004,0005,0005,0004,6495,0000246,709320,000320,000237,269465,000145,00035,10540,00040,00030,70540,0000586,429877,000877,000 619,085997,000120,00007007000500(200)(150)200200020003,74810,00010,0009,14110,000072,37760,00060,00052,88680,00020,00075,97570,90070,90062,02790,70019,80029,78030,00030,00025,274100,00070,00067,41970,00070,00034,79965,000(5,000)97,199100,000100,00060,073165,00065,000000163 0072,28875,000279,600207,24430,000(249,600)4,35530,00055,60021,44111,000(44,600)3,04910,00010,00005,000(5,000)7,06125,60025,6001,29515,000(10,600)0000100,000100,0002,59020,00020,000020,000065,00400065,00065,00055,90100057,00057,0004,59220,000380,000141,78125,000(355,000)CITY OF LA QUINTAINTERNAL SERVICE FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020121 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget53,029110,000110,00018,14760,000(50,000)-45 %502-0000-80103 Computers68 - Capital Expenses Totals:267,868290,600880,800 390,071388,000(492,800)-56 %0000 - Undesignated Totals:1,065,7471,390,4001,980,600 1,165,6101,685,800(294,800)-15 %502 - INFORMATION TECHNOLOGY Totals:1,065,7471,390,4001,980,600 1,165,6101,685,800(294,800)-15 %53,029110,000110,00018,14760,000(50,000)267,868290,600880,800 390,071388,000(492,800)1,065,7471,390,4001,980,600 1,165,6101,685,800(294,800)1,065,7471,390,4001,980,600 1,165,6101,685,800(294,800)CITY OF LA QUINTAINTERNAL SERVICE FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020122 Fund: 502 - INFORMATION TECHNOLOGY Permanent Full Time 34,600.00502-0000-50101 40% - Management Analyst (60% Housing Fund, new in 2020/21) Consultants 450,000.00502-0000-60104 Contracted information technology services Technical 37,000.00502-0000-60108 Cable services, wireless access points, modems, and virtual servers. Travel & Training 500.00502-0000-60320 Fraud prevention, firewall, encryption, coding, and other IT related trainings. Membership Dues 200.00502-0000-60351 IT related professional organization or publication Operating Supplies 10,000.00502-0000-60420 Small equipment such as keyboards, computer mouses, cables, conference room TV's, speakers, docking stations, etc. D & D, Software Enhancement 30,000.00502-0000-71042 Amount AutoCad Licenses 5,000 Online Business Platform 20,000 Permit Software Upgrades 5,000 Comm. Resources, Software E 11,000.00502-0000-71043 Amount Software Enhancements 11,000 Finance, Software Enhanceme 5,000.00502-0000-71045 CITY OF LA QUINTA INTERNAL SERVICE FUND EXPENSE NOTES FY 2020/21 PROPOSED BUDGET Continued on following page 123 Amount Scanner for Tyler 1,000 Tyler Upgrades for Payroll Processing 4,000 City Clerk, Software Enhancem 15,000.00502-0000-71047 Amount LaserFiche System Upgrades 15,000 Machinery & Equipment 25,000.00502-0000-80100 Equipment for work stations and IT staff. CITY OF LA QUINTA INTERNAL SERVICE FUND EXPENSE NOTES FY 2020/21 PROPOSED BUDGET 124 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget503 - PARK EQUIP & FACILITY FUND0000 - Undesignated68 - Capital Expenses85,612165,000277,000145,65265,000(212,000)-77 %503-0000-71060 Parks535,215525,000525,0000530,0005,0001 %503-0000-71122 Depreciation Expense - C010,00020,00000(20,000)-100 %503-0000-80100 Machinery & Equipment68 - Capital Expenses Totals:620,826700,000822,000 145,652595,000(227,000)-28 %99 - Transfers Out00153,036128,5870(153,036)-100 %503-0000-99900 Transfers Out99 - Transfers Out Totals:00153,036 128,5870(153,036)-100 %0000 - Undesignated Totals:620,826700,000975,036 274,239595,000(380,036)-39 %03 - PARK EQUIP & FACILITY FUND Totals:620,826700,000975,036 274,239595,000(380,036)-39 %85,612165,000277,000145,65265,000(212,000)535,215525,000525,0000530,0005,000010,00020,00000(20,000)620,826700,000822,000 145,652595,000(227,000)00153,036128,5870(153,036)00153,036 128,5870(153,036)620,826700,000975,036 274,239595,000(380,036)620,826700,000975,036 274,239595,000(380,036)CITY OF LA QUINTAINTERNAL SERVICE FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020125 Fund: 503 - PARK EQUIP & FACILITY FUND Parks 65,000.00503-0000-71060 Amount Benches 18,000 Drinking Fountains 30,000 Light Timer Controllers 7,000 Playground Equipment Parts 10,000 CITY OF LA QUINTA INTERNAL SERVICE FUND EXPENSE NOTES FY 2020/21 PROPOSED BUDGET 126 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget504 - INSURANCE FUND1010 - Insurance50 - Salaries and Benefits43,60738,00038,00030,21238,2002001 %504-1010-50101 Permanent Full Time137000000 %504-1010-50105 Salaries - Overtime00020 000 %504-1010-50150 Other Compensation4,1864,4004,4003,4114,8004009 %504-1010-50200 PERS-City Portion7,98510,30010,3006,26410,30000 %504-1010-50221 Medical Insurance1000077000 %504-1010-50222 Vision Insurance84300656000 %504-1010-50223 Dental Insurance180014000 %504-1010-50224 Life Insurance21730030016130000 %504-1010-50225 Long Term Disability63460060043860000 %504-1010-50240 Social Security-Medicare50 - Salaries and Benefits Totals:57,72753,60053,60041,25354,2006001 %60 - Contract Services2,0781,5001,5001,021500(1,000)-67 %504-1010-60320 Travel & Training15020020015020000 %504-1010-60351 Membership Dues60 - Contract Services Totals:2,2281,7001,7001,171700(1,000)-59 %62 - Maintenance & Operations184500500324300(200)-40 %504-1010-60400 Office Supplies012,50012,5004,86012,50000 %504-1010-60420 Operating Supplies62 - Maintenance & Operations Totals:18413,00013,0005,18412,800(200)-2 %63 - Insurance431,167380,000380,000377,929402,40022,4006 %504-1010-60441 Liability Insurance9,4522,5002,50002,50000 %504-1010-60442 Claims84,997102,000102,000101,868122,40020,40020 %504-1010-60443 Property Insurance3,6603,7003,7003,2083,70000 %504-1010-60446 Crime Insurance101,772102,000102,000132,432102,00000 %504-1010-60447 Earthquake Insurance123,562212,000212,000211,083181,000(31,000)-15 %504-1010-60452 Workers Comp Premium63 - Insurance Totals:754,610802,200802,200 826,520814,00011,8001 %1010 - Insurance Totals:814,749870,500870,500 874,128881,70011,2001 %504 - INSURANCE FUND Totals:814,749870,500870,500 874,128881,70011,2001 %43,60738,00038,00030,21238,2002001370000000020 004,1864,4004,4003,4114,8004007,98510,30010,3006,26410,30001000077008430065600180014002173003001613000634600600438600057,72753,60053,60041,25354,2006002,0781,5001,5001,021500(1,000)15020020015020002,2281,7001,7001,171700(1,000)184500500324300(200)012,50012,5004,86012,500018413,00013,0005,18412,800(200)431,167380,000380,000377,929402,40022,4009,4522,5002,50002,500084,997102,000102,000101,868122,40020,4003,6603,7003,7003,2083,7000101,772102,000102,000132,432102,0000123,562212,000212,000211,083181,000(31,000)754,610802,200802,200 826,520814,00011,800814,749870,500870,500 874,128881,70011,200814,749870,500870,500 874,128881,70011,200CITY OF LA QUINTAINTERNAL SERVICE FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020127 Fund: 504 - INSURANCE FUND Permanent Full Time 38,200.00504-1010-50101 50% - Management Specialist (50% Human Resources) Travel & Training 500.00504-1010-60320 Joint Power Insurance Authority (JPIA) Public Agency Risk Management Association (PARMA) Membership Dues 200.00504-1010-60351 Public Agency Risk Management Association (PARMA) members Operating Supplies 12,500.00504-1010-60420 Ergonomic assessments and first aid kit supplies/maintenance. CITY OF LA QUINTA INTERNAL SERVICE FUND EXPENSE NOTES FY 2020/21 PROPOSED BUDGET 128 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget202 - LIBRARY & MUSEUM FUND3004 - Library50 - Salaries and Benefits000076,80076,8000 %202-3004-50101 Permanent Full Time00003003000 %202-3004-50150 Other Compensation00007,3007,3000 %202-3004-50200 PERS - City Portion000015,40015,4000 %202-3004-50221 Medical Insurance00009009000 %202-3004-50225 Long Term Disability00005,5005,5000 %202-3004-50230 Workers Comp Insurance00001,2001,2000 %202-3004-50240 Social Security Medicare50 - Salaries and Benefits Totals:0000107,400107,4000 %60 - Contract Services165,190000000 %202-3004-60105 Makerspace Operations25,03211,00011,0009,10011,00000 %202-3004-60112 Landscape Contract1,203,2081,100,0001,100,000597,0451,100,00000 %202-3004-60114 County of Riverside - Libr29,64432,00032,00023,80034,0002,0006 %202-3004-60115 Janitorial4,1682,0002,0008832,00000 %202-3004-60116 Pest Control2,1692,5002,5001,2602,50000 %202-3004-60123 Security & Alarm60 - Contract Services Totals:1,429,4101,147,5001,147,500 632,0881,149,5002,0000 %62 - Maintenance & Operations17,090120,000120,0001,064120,00000 %202-3004-60420 Operating Supplies2,4365,0005,00005,00000 %202-3004-60424 Materials- New Exhibits114000000 %202-3004-60432 Tools/Equipment128500500050000 %202-3004-60664 Fire Extinguisher Service1432,0002,00002,00000 %202-3004-60665 Maint-Other Equipment8,0818,00020,0008,65820,00000 %202-3004-60667 HVAC25,70910,00010,0009,06610,00000 %202-3004-60691 Maintenance/Services62 - Maintenance & Operations Totals:53,699145,500157,50018,789157,50000 %66 - Utilities1,3591,5001,5001,5041,6001007 %202-3004-61100 Gas - Utilities48,66247,00047,00030,43550,0003,0006 %202-3004-61101 Electricity - Utilities178500500050000 %202-3004-61200 Water - Utilities66 - Utilities Totals:50,20049,00049,00031,93952,1003,1006 %68 - Capital Expenses16,69220,00020,000010,000(10,000)-50 %202-3004-71020 Furniture14,055200,000280,00000(280,000)-100 %202-3004-72110 Building Improvements00002002000 %202-3004-98110 Information Tech Charges68 - Capital Expenses Totals:30,747220,000300,000010,200(289,800)-97 %69 - Internal Service Charges12,00011,00011,0008,25012,7001,70015 %202-3004-91842 Liability Insurance & Claim5,0004,0004,0003,0004,00000 %202-3004-91843 Property & Crime Insuran10,00010,00010,0007,5009,300(700)-7 %202-3004-91844 Earthquake Insurance69 - Internal Service Charges Totals:27,00025,00025,00018,75026,0001,0004 %000076,80076,800000030030000007,3007,300000015,40015,400000090090000005,5005,50000001,2001,2000000107,400107,400165,1900000025,03211,00011,0009,10011,00001,203,2081,100,0001,100,000597,0451,100,000029,64432,00032,00023,80034,0002,0004,1682,0002,0008832,00002,1692,5002,5001,2602,50001,429,4101,147,5001,147,500 632,0881,149,5002,00017,090120,000120,0001,064120,00002,4365,0005,00005,000011400000128500500050001432,0002,00002,00008,0818,00020,0008,65820,000025,70910,00010,0009,06610,000053,699145,500157,50018,789157,50001,3591,5001,5001,5041,60010048,66247,00047,00030,43550,0003,0001785005000500050,20049,00049,00031,93952,1003,10016,69220,00020,000010,000(10,000)14,055200,000280,00000(280,000)000020020030,747220,000300,000010,200(289,800)12,00011,00011,0008,25012,7001,7005,0004,0004,0003,0004,000010,00010,00010,0007,5009,300(700)27,00025,00025,00018,75026,0001,000CITY OF LA QUINTALIBRARY AND MUSEUM FUNDFY 2020/21 PROPOSED BUDGET* As of 4/27/2020129 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget3004 - Library Totals:1,591,0561,587,0001,679,000 701,5661,502,700(176,300)-11 %3006 - Museum60 - Contract Services210,000213,000213,000146,250275,00062,00029 %202-3006-60105 Museum Operations14,0282,3002,3001,9002,30000 %202-3006-60112 Landscape Contract8,7318,4008,4006,2869,0006007 %202-3006-60115 Janitorial5881,0001,0004411,00000 %202-3006-60116 Pest Control2,5152,8002,8001,9202,80000 %202-3006-60123 Security & Alarm60 - Contract Services Totals:235,862227,500227,500 156,798290,10062,60028 %62 - Maintenance & Operations44140040030940000 %202-3006-60122 Credit Card Fees13,66030,00030,00010,24230,00000 %202-3006-60420 Operating Supplies125500500050000 %202-3006-60664 Fire Extinguisher Service1,06310,00010,000010,00000 %202-3006-60665 Maint-Other Equipment3,7813,0003,0008033,00000 %202-3006-60667 HVAC13,22815,00015,00012,25815,00000 %202-3006-60691 Maintenance/Services62 - Maintenance & Operations Totals:32,29858,90058,90023,61258,90000 %66 - Utilities010010000(100)-100 %202-3006-61100 Gas - Utilities12,14012,00012,0006,54612,00000 %202-3006-61101 Electricity - Utilities1,7172,0002,0001,5532,00000 %202-3006-61200 Water - Utilities1,5051,4001,4001,3181,60020014 %202-3006-61300 Telephone - Utilities66 - Utilities Totals:15,36215,50015,5009,41715,6001001 %69 - Internal Service Charges15,50019,00019,00014,25021,9002,90015 %202-3006-91842 Liability Insurance & Claim5,5007,0007,0005,2507,00000 %202-3006-91843 Property & Crime Insuran12,00014,00014,00010,50012,100(1,900)-14 %202-3006-91844 Earthquake Insurance69 - Internal Service Charges Totals:33,00040,00040,00030,00041,0001,0003 %99 - Transfers Out0300,000300,00000(300,000)-100 %202-3006-99900 Transfers Out99 - Transfers Out Totals:0300,000300,00000(300,000)-100 %3006 - Museum Totals:316,523641,900641,900 219,826405,600(236,300)-37 %3009 - MakerSpace Operations60 - Contract Services0165,200165,200123,892165,20000 %202-3009-60105 Makerspace Operations000498 000 %202-3009-60122 Credit Card Fees60 - Contract Services Totals:0165,200165,200 124,390165,20000 %1,591,0561,587,0001,679,000 701,5661,502,700(176,300)210,000213,000213,000146,250275,00062,00014,0282,3002,3001,9002,30008,7318,4008,4006,2869,0006005881,0001,0004411,00002,5152,8002,8001,9202,8000235,862227,500227,500 156,798290,10062,600441400400309400013,66030,00030,00010,24230,0000125500500050001,06310,00010,000010,00003,7813,0003,0008033,000013,22815,00015,00012,25815,000032,29858,90058,90023,61258,9000010010000(100)12,14012,00012,0006,54612,00001,7172,0002,0001,5532,00001,5051,4001,4001,3181,60020015,36215,50015,5009,41715,60010015,50019,00019,00014,25021,9002,9005,5007,0007,0005,2507,000012,00014,00014,00010,50012,100(1,900)33,00040,00040,00030,00041,0001,0000300,000300,00000(300,000)0300,000300,00000(300,000)316,523641,900641,900 219,826405,600(236,300)0165,200165,200123,892165,2000000498 000165,200165,200 124,390165,2000CITY OF LA QUINTALIBRARY AND MUSEUM FUNDFY 2020/21 PROPOSED BUDGET* As of 4/27/2020130 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget62 - Maintenance & Operations015,00015,0001,37315,00000 %202-3009-60420 Operating Supplies05,0005,00005,00000 %202-3009-60424 Materials - Exhibits62 - Maintenance & Operations Totals:020,00020,0001,37320,00000 %65 - Repair & Maintenance05,0005,0005,1315,00000 %202-3009-60691 Maintenance/Services65 - Repair & Maintenance Totals:05,0005,0005,1315,00000 %68 - Capital Expenses0030,00026,84530,00000 %202-3009-80100 Machinery & Equipment68 - Capital Expenses Totals:0030,00026,84530,00000 %3009 - MakerSpace Operations Totals:0190,200220,200 157,739220,20000 %202 - LIBRARY & MUSEUM FUND Totals:1,907,5792,419,1002,541,100 1,079,1302,128,500(412,600)-16 %015,00015,0001,37315,000005,0005,00005,0000020,00020,0001,37320,000005,0005,0005,1315,000005,0005,0005,1315,00000030,00026,84530,00000030,00026,84530,00000190,200220,200 157,739220,20001,907,5792,419,1002,541,100 1,079,1302,128,500(412,600)CITY OF LA QUINTALIBRARY AND MUSEUM FUNDFY 2020/21 PROPOSED BUDGET* As of 4/27/2020202 Fund expenses for Library, Museum, and MakerSpace are provided by the County of Riverside. Contract for services is currently under negotiation. Budgeted expenses will be amended prior to the final adopted budget. 131 Fund: 202 - LIBRARY & MUSEUM FUND Permanent Full Time 76,800.00202-3004-50101 15% - Community Resources Director (70% Community Resources Admin, 15% Library & Museum Fund) 20% - Community Resources Manager (40% Community Resources Admin, 40% Wellness Center Operations) 20% - Community Resources Analyst (80% Community Resources Administration) 20% - Administrative Technician (80% Community Resources Administration) In 2020/21, staff has been reallocated to meet business demands. Landscape Contract 11,000.00202-3004-60112 For Library facility. County of Riverside - Library 1,100,000.00202-3004-60114 Includes contracted Library and Makerspace staffing and oversight of programs. Landscape Contract 2,300.00202-3006-60112 For Museum facility. Machinery & Equipment 30,000.00202-3009-80100 Needs are being assessed as part of contract negotiations. CITY OF LA QUINTA LIBRARY AND MUSEUM FUND EXPENSE NOTES FY 2020/21 PROPOSED BUDGET 132 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget201 - GAS TAX FUND7003 - Streets50 - Salaries and Benefits526,449580,400580,400439,867462,900(117,500)-20 %201-7003-50101 Permanent Full Time1,3491,0001,0002,0192,5001,500150 %201-7003-50105 Salaries - Overtime13,59410,40010,40013,6169,000(1,400)-13 %201-7003-50106 Standby9,8916,8006,80018,9677,8001,00015 %201-7003-50107 Standby Overtime00060 000 %201-7003-50150 Other Compensation49,93860,50060,50046,14755,200(5,300)-9 %201-7003-50200 PERS-City Portion122,597194,900194,90091,239143,600(51,300)-26 %201-7003-50221 Medical Insurance2,081001,508000 %201-7003-50222 Vision Insurance8,589006,757000 %201-7003-50223 Dental Insurance28500252000 %201-7003-50224 Life Insurance2,8423,4003,4002,3042,700(700)-21 %201-7003-50225 Long Term Disability7,1009,8009,8007,3505,500(4,300)-44 %201-7003-50230 Workers Comp Insurance8,0508,5008,5006,9506,700(1,800)-21 %201-7003-50240 Social Security-Medicare50 - Salaries and Benefits Totals:752,766875,700875,700 637,037695,900(179,800)-21 %60 - Contract Services3,9683,0003,0003,2003,00000 %201-7003-60103 Professional Services027,00027,000020,000(7,000)-26 %201-7003-60141 Street Striping60 - Contract Services Totals:3,96830,00030,0003,20023,000(7,000)-23 %62 - Maintenance & Operations000117 000 %201-7003-60320 Travel & Training4,3766,5006,5002,6475,000(1,500)-23 %201-7003-60427 Safety Gear9628,0008,0001,3518,00000 %201-7003-60428 Barricades26,383280,00030,00029,85825,000(5,000)-17 %201-7003-60429 Traffic Control Signs5,42510,00010,0001,97410,00000 %201-7003-60430 Asphalt9,85335,00074,60011,77840,000(34,600)-46 %201-7003-60431 Materials/Supplies1,5097,0007,0006905,000(2,000)-29 %201-7003-60433 Paint/Legends1,76120,00020,0002910,000(10,000)-50 %201-7003-60672 Storm Drains3,3645,0005,0003,5252,000(3,000)-60 %201-7003-60690 Uniforms62 - Maintenance & Operations Totals:53,633371,500161,10051,968105,000(56,100)-35 %66 - Utilities11,03710,00010,0006,3889,000(1,000)-10 %201-7003-61101 Electricity - Utilities66 - Utilities Totals:11,03710,00010,0006,3889,000(1,000)-10 %68 - Capital Expenses6,53710,00010,0003,8875,000(5,000)-50 %201-7003-61701 Equipment Rental68 - Capital Expenses Totals:6,53710,00010,0003,8875,000(5,000)-50 %526,449580,400580,400439,867462,900(117,500)1,3491,0001,0002,0192,5001,50013,59410,40010,40013,6169,000(1,400)9,8916,8006,80018,9677,8001,00000060 0049,93860,50060,50046,14755,200(5,300)122,597194,900194,90091,239143,600(51,300)2,081001,508008,589006,7570028500252002,8423,4003,4002,3042,700(700)7,1009,8009,8007,3505,500(4,300)8,0508,5008,5006,9506,700(1,800)752,766875,700875,700 637,037695,900(179,800)3,9683,0003,0003,2003,0000027,00027,000020,000(7,000)3,96830,00030,0003,20023,000(7,000)000117 004,3766,5006,5002,6475,000(1,500)9628,0008,0001,3518,000026,383280,00030,00029,85825,000(5,000)5,42510,00010,0001,97410,00009,85335,00074,60011,77840,000(34,600)1,5097,0007,0006905,000(2,000)1,76120,00020,0002910,000(10,000)3,3645,0005,0003,5252,000(3,000)53,633371,500161,10051,968105,000(56,100)11,03710,00010,0006,3889,000(1,000)11,03710,00010,0006,3889,000(1,000)6,53710,00010,0003,8875,000(5,000)6,53710,00010,0003,8875,000(5,000)CITY OF LA QUINTAGAS TAX FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020133 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget69 - Internal Service Charges49,50072,30072,30054,22550,100(22,200)-31 %201-7003-98110 Information Tech Charges341,900309,400309,400232,050328,00018,6006 %201-7003-98140 Facility & Fleet Maintenan69 - Internal Service Charges Totals:391,400381,700381,700 286,275378,100(3,600)-1 %99 - Transfers Out568,262682,0001,009,634578,159794,200(215,434)-21 %201-7003-99900 Transfers Out99 - Transfers Out Totals:568,262682,0001,009,634 578,159794,200(215,434)-21 %7003 - Streets Totals:1,787,6032,360,9002,478,134 1,566,9152,010,200(467,934)-19 %201 - GAS TAX FUND Totals:1,787,6032,360,9002,478,134 1,566,9152,010,200(467,934)-19 %49,50072,30072,30054,22550,100(22,200)341,900309,400309,400232,050328,00018,600391,400381,700381,700 286,275378,100(3,600)568,262682,0001,009,634578,159794,200(215,434)568,262682,0001,009,634 578,159794,200(215,434)1,787,6032,360,9002,478,134 1,566,9152,010,200(467,934)1,787,6032,360,9002,478,134 1,566,9152,010,200(467,934)CITY OF LA QUINTAGAS TAX FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020134 Fund: 201 - GAS TAX FUND Permanent Full Time 462,900.00201-7003-50101 100% - Maintenance Foreman 100% - Management Analyst 100% - Maintenance & Operations Technician 100% - Maintenance Worker II (2) 100% - Maintenance Worker I (2) Professional Services 3,000.00201-7003-60103 Annual State report and audit requirement. Street Striping 20,000.00201-7003-60141 Citywide street striping updates as needed. Traffic Control Signs 25,000.00201-7003-60429 To replace street signs as needed. Materials/Supplies 40,000.00201-7003-60431 Used to purchase supplies and materials for repairs and maintenance projects that are generally completed by City Staff. Transfers Out 794,200.00201-7003-99900 Amount 102,000CIP - Avenue 52-53 & 61 @ Monroe CIP - Village Road Diet 692,200 CITY OF LA QUINTA GAS TAX FUND NOTES FY 2020/21 PROPOSED BUDGET In 2020/21, a decrease due to positions reallocated from the Public Works/Engineering reoganization. 135 This page intentionally left blank. 136 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget215 - LIGHTING & LANDSCAPING FUND7004 - Lighting & Landscaping50 - Salaries and Benefits114,129151,600151,60096,947164,40012,8008 %215-7004-50101 Permanent Full Time56500363000 %215-7004-50105 Salaries - Overtime2,9894,1004,1002,0257,3003,20078 %215-7004-50106 Standby1,4592,4002,4002,8596,5004,100171 %215-7004-50107 Standby Overtime00040 000 %215-7004-50150 Other Compensation10,27912,30012,3007,97714,5002,20018 %215-7004-50200 PERS-City Portion27,94451,30051,30028,32261,60010,30020 %215-7004-50221 Medical Insurance41600402000 %215-7004-50222 Vision Insurance2,824002,337000 %215-7004-50223 Dental Insurance540055000 %215-7004-50224 Life Insurance5991,2001,2005171,000(200)-17 %215-7004-50225 Long Term Disability3,8002,5002,5001,8755,5003,000120 %215-7004-50230 Workers Comp Insurance1,7272,2002,2001,4822,4002009 %215-7004-50240 Social Security-Medicare50 - Salaries and Benefits Totals:166,784227,600227,600 145,201263,20035,60016 %60 - Contract Services16,67416,40016,40014,54116,000(400)-2 %215-7004-60102 Administration77,21677,00077,00063,49870,000(7,000)-9 %215-7004-60104 Consultants551,871830,000830,000682,417747,000(83,000)-10 %215-7004-60112 Landscape Contract65,78665,00065,00050,45265,00000 %215-7004-60143 SilverRock Way Landscap60 - Contract Services Totals:711,547988,400988,400 810,908898,000(90,400)-9 %62 - Maintenance & Operations47050050021750000 %215-7004-60320 Travel & Training13,61330,00030,0003,59720,000(10,000)-33 %215-7004-60420 Operating Supplies42,60115,00015,0004,68710,000(5,000)-33 %215-7004-60423 Supplies-Graffiti and Vand2,1956002,6001,7771,500(1,100)-42 %215-7004-60427 Safety Gear94,910570,000439,000162,957250,000(189,000)-43 %215-7004-60431 Materials/Supplies1,8332,5002,5001,3582,50000 %215-7004-60432 Tools/Equipment73515,00015,0004,89010,000(5,000)-33 %215-7004-60673 Palm Trees6801,0001,0007541,00000 %215-7004-60690 Uniforms56,46250,00050,00083,82060,00010,00020 %215-7004-60691 Maintenance/Services62 - Maintenance & Operations Totals:213,500684,600555,600 264,057355,500(200,100)-36 %66 - Utilities74,07180,00080,00049,01476,000(4,000)-5 %215-7004-61116 Electric - Utilities34,34040,00040,00025,21035,000(5,000)-13 %215-7004-61117 Electric - Medians - Utilitie207,347200,000220,000194,587210,000(10,000)-5 %215-7004-61211 Water - Medians - Utilities66 - Utilities Totals:315,759320,000340,000 268,811321,000(19,000)-6 %69 - Internal Service Charges31,10024,10024,10018,07550,10026,000108 %215-7004-98110 Information Tech Charges32,60029,50029,50022,12531,3001,8006 %215-7004-98140 Facility & Fleet Maintenan69 - Internal Service Charges Totals:63,70053,60053,60040,20081,40027,80052 %7004 - Lighting & Landscaping Totals:1,471,2892,274,2002,165,200 1,529,1771,919,100(246,100)-11 %114,129151,600151,60096,947164,40012,80056500363002,9894,1004,1002,0257,3003,2001,4592,4002,4002,8596,5004,10000040 0010,27912,30012,3007,97714,5002,20027,94451,30051,30028,32261,60010,30041600402002,824002,33700540055005991,2001,2005171,000(200)3,8002,5002,5001,8755,5003,0001,7272,2002,2001,4822,400200166,784227,600227,600 145,201263,20035,60016,67416,40016,40014,54116,000(400)77,21677,00077,00063,49870,000(7,000)551,871830,000830,000682,417747,000(83,000)65,78665,00065,00050,45265,0000711,547988,400988,400 810,908898,000(90,400)470500500217500013,61330,00030,0003,59720,000(10,000)42,60115,00015,0004,68710,000(5,000)2,1956002,6001,7771,500(1,100)94,910570,000439,000162,957250,000(189,000)1,8332,5002,5001,3582,500073515,00015,0004,89010,000(5,000)6801,0001,0007541,000056,46250,00050,00083,82060,00010,000213,500684,600555,600 264,057355,500(200,100)74,07180,00080,00049,01476,000(4,000)34,34040,00040,00025,21035,000(5,000)207,347200,000220,000194,587210,000(10,000)315,759320,000340,000 268,811321,000(19,000)31,10024,10024,10018,07550,10026,00032,60029,50029,50022,12531,3001,80063,70053,60053,60040,20081,40027,8001,471,2892,274,2002,165,200 1,529,1771,919,100(246,100)CITY OF LA QUINTALIGHTING AND LANDSCAPE FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020137 Fund: 215 - LIGHTING & LANDSCAPING FUND Permanent Full Time 164,400.00215-7004-50101 50% - Parks/L&L Foreman (50% Lighting & Landscape Fund, new title & allocation in 2020/21) 50% - Management Analyst (50% Parks Maintenance) 50% - Maintenance Worker II (50% Parks Maintenance) 50% - Maintenance Worker I (3) (50% Lighting & Landscape Fund, new in 2020/21) Administration 16,000.00215-7004-60102 Annual required report for LLD. Consultants 70,000.00215-7004-60104 Amount Lighting Contract 70,000 Landscape Contract 747,000.00215-7004-60112 Amount Citywide Landscape Contract 747,000 Travel & Training 500.00215-7004-60320 AmountSafety Training 500 Materials/Supplies 250,000.00215-7004-60431 Median landscape improvements and turf removal. $100,000 approved as part of the 5-year CIP Program. Tools/Equipment 2,500.00215-7004-60432 Used for all tools and equipment (other than capital expenditures) including small hand tools and/or power tools such as drills, blowers, saws, etc. CITY OF LA QUINTA LIGHTIND AND LANDSCAPE FUND EXPENSE NOTES FY 2020/21 PROPOSED BUDGET 138 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget241 - HOUSING AUTHORITY9101 - Housing Authority - Admin50 - Salaries and Benefits130,085142,000143,595101,226254,800111,20577 %241-9101-50101 Permanent Full Time00040 000 %241-9101-50105 Salaries - Overtime7503,0003,0007503,00000 %241-9101-50110 Commissions & Boards196200200163400200100 %241-9101-50150 Other Compensation10,87810,60010,6008,18017,5006,90065 %241-9101-50200 PERS-City Portion2,26200210000 %241-9101-50215 Other Fringe Benefits22,12931,80031,80018,66657,50025,70081 %241-9101-50221 Medical Insurance33700256000 %241-9101-50222 Vision Insurance1,48200974000 %241-9101-50223 Dental Insurance580052000 %241-9101-50224 Life Insurance5879009004431,50060067 %241-9101-50225 Long Term Disability2,6003,4003,4002,5505,2001,80053 %241-9101-50230 Workers Comp Insurance1,9362,1002,1001,4823,7001,60076 %241-9101-50240 Social Security-Medicare920078000 %241-9101-50241 Social Security-FICA50 - Salaries and Benefits Totals:173,391194,000195,595 135,070343,600148,00576 %60 - Contract Services59,66781,000121,00053,874100,000(21,000)-17 %241-9101-60103 Professional Services5,0005,0005,0005,0005,00000 %241-9101-60106 Auditors13,45325,00025,0003,37035,00010,00040 %241-9101-60153 Attorney60 - Contract Services Totals:78,120111,000151,00062,244140,000(11,000)-7 %62 - Maintenance & Operations1,6113,0003,0001,211500(2,500)-83 %241-9101-60320 Travel & Training153000000 %241-9101-60400 Office Supplies1,3771,5001,5002,4702,00050033 %241-9101-60420 Operating Supplies62 - Maintenance & Operations Totals:3,1414,5004,5003,6812,500(2,000)-44 %63 - Insurance10,0006,0006,0004,5008,0002,00033 %241-9101-91843 Property & Crime Insuran63 - Insurance Totals:10,0006,0006,0004,5008,0002,00033 %69 - Internal Service Charges20,00014,00014,00010,50014,00000 %241-9101-91844 Earthquake Insurance18,10024,80024,80018,60046,70021,90088 %241-9101-98110 Information Tech Charges69 - Internal Service Charges Totals:38,10038,80038,80029,10060,70021,90056 %99 - Transfers Out00278,06200(278,062)-100 %241-9101-99900 Transfers Out99 - Transfers Out Totals:00278,06200(278,062)-100 %9101 - Housing Authority - Admin Totals:302,753354,300673,957 234,595554,800(119,157)-18 %9103 - Housing Authority - LQRP62 - Maintenance & Operations307,302255,000317,000237,455250,000(67,000)-21 %241-9103-60157 Rental Expenses130,085142,000143,595101,226254,800111,20500040 007503,0003,0007503,000019620020016340020010,87810,60010,6008,18017,5006,9002,262002100022,12931,80031,80018,66657,50025,70033700256001,4820097400580052005879009004431,5006002,6003,4003,4002,5505,2001,8001,9362,1002,1001,4823,7001,60092007800173,391194,000195,595 135,070343,600148,00559,66781,000121,00053,874100,000(21,000)5,0005,0005,0005,0005,000013,45325,00025,0003,37035,00010,00078,120111,000151,00062,244140,000(11,000)1,6113,0003,0001,211500(2,500)153000001,3771,5001,5002,4702,0005003,1414,5004,5003,6812,500(2,000)10,0006,0006,0004,5008,0002,00010,0006,0006,0004,5008,0002,00020,00014,00014,00010,50014,000018,10024,80024,80018,60046,70021,90038,10038,80038,80029,10060,70021,90000278,06200(278,062)00278,06200(278,062)302,753354,300673,957 234,595554,800(119,157)307,302255,000317,000237,455250,000(67,000)CITY OF LA QUINTAHOUSING AUTHORITY EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020139 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget62 - Maintenance & Operations Totals:307,302255,000317,000 237,455250,000(67,000)-21 %9103 - Housing Authority - LQRP Totals:307,302255,000317,000 237,455250,000(67,000)-21 %241 - HOUSING AUTHORITY Totals:610,055609,300990,957 472,049804,800(186,157)-19 %307,302255,000317,000 237,455250,000(67,000)307,302255,000317,000 237,455250,000(67,000)610,055609,300990,957 472,049804,800(186,157)CITY OF LA QUINTAHOUSING AUTHORITY EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020140 Fund: 241 - HOUSING AUTHORITYPermanent Full Time254,800.00241-9101-5010120% - City Manager (80% City Manager)10% - Finance Director (90% Finance)10% - City Clerk (90% City Clerk)40% - Assistant to City Manager (60% City Manager)60% - Management Analyst (40% Information TechnologyFund)60% - Management Specialist (40% City Manager)80% - Management Assistant (20% City Manager)In 2020/21, staff has been reallocated to meet businessdemands.City Council Member Stipends (5)Professional Services100,000.00241-9101-60103Expense increase in 2019/20 due to recent request for proposalresponses. Travel & Training500.00241-9101-60320Rental Expenses250,000.00241-9103-60157In FY 2016/17 these expenses were budgeted in accountnumber 241-9102-60159.CITY OF LA QUINTAHOUSING AUTHORITY EXPENSE NOTESFY 2020/21 PROPOSED BUDGET141 This page intentionally left blank. 142 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget243 - RDA LOW-MOD HOUSING FUND0000 - Undesignated64 - Other Expenses166,666250,000351,000100,000250,000(101,000)-29 %243-0000-60532 Homelessness Assistance64 - Other Expenses Totals:166,666250,000351,000 100,000250,000(101,000)-29 %0000 - Undesignated Totals:166,666250,000351,000 100,000250,000(101,000)-29 %3 - RDA LOW-MOD HOUSING FUND Totals:166,666250,000351,000 100,000250,000(101,000)-29 %166,666250,000351,000100,000250,000(101,000)166,666250,000351,000 100,000250,000(101,000)166,666250,000351,000 100,000250,000(101,000)166,666250,000351,000 100,000250,000(101,000)CITY OF LA QUINTAHOUSING AUTHORITY EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020243 Fund the 2020/21 former Redevelopment Agency loan repayment of $647,767 will be recognized in reserves within this Fund. 143 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget248 - SA 2004 LO/MOD BOND FUND (Refin9102 - Housing Authority - Wash St Apts60 - Contract Services00145,00000(145,000)-100 %248-9102-60103 Professional Services954,4800245,5001,7390(245,500)-100 %248-9102-60159 Relocation Benefits80,735000000 %248-9102-60185 Design/Construction60 - Contract Services Totals:1,035,2150390,5001,7390(390,500)-100 %Housing Authority - Wash St Apts Totals:1,035,2150390,5001,7390(390,500)-100 % BOND FUND (Refinanced in 2014) Totals:1,035,2150390,5001,7390(390,500)-100 %00145,00000(145,000)954,4800245,5001,7390(245,500)80,735000001,035,2150390,5001,7390(390,500)1,035,2150390,5001,7390(390,500)1,035,2150390,5001,7390(390,500)CITY OF LA QUINTAHOUSING AUTHORITY EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020248 Fund was fully used for the Washington Street Apartment rehabilitation and expansion project. 144 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget249 - SA 2011 LOW/MOD BOND FUND (Re0000 - Undesignated60 - Contract Services7,376,024000000 %249-0000-60188 Construction60 - Contract Services Totals:7,376,024000000 %68 - Capital Expenses020,00060,000060,00000 %249-0000-80050 Affordable Housing Projec68 - Capital Expenses Totals:020,00060,000060,00000 %0000 - Undesignated Totals:7,376,02420,00060,000060,00000 %BOND FUND (Refinanced in 2016) Totals:7,376,02420,00060,000060,00000 %7,376,024000007,376,02400000020,00060,000060,0000020,00060,000060,00007,376,02420,00060,000060,00007,376,02420,00060,000060,0000CITY OF LA QUINTAHOUSING AUTHORITY EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020249 Fund was partially used for the Washington Street Apartment rehabilitation and expansion project. Remaining funds are available for future housing projects. 145 This page intentionally left blank. 146 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget310 - LQ FINANCE AUTHORITY DEBT SERV0000 - Undesignated60 - Contract Services1,0001,0001,0001,1001,10010010 %310-0000-60181 Contract Services Fees60 - Contract Services Totals:1,0001,0001,0001,1001,10010010 %0000 - Undesignated Totals:1,0001,0001,0001,1001,10010010 %9501 - 9501 - Financing Authority68 - Capital Expenses650,000000000 %310-9501-82130 1996 FA Bonds Principal18,038000000 %310-9501-83370 1996 FA Series Bonds Int68 - Capital Expenses Totals:668,038000000 %9501 - 9501 - Financing Authority Totals:668,038000000 %NANCE AUTHORITY DEBT SERVICE Totals:669,0381,0001,0001,1001,10010010 %1,0001,0001,0001,1001,1001001,0001,0001,0001,1001,1001001,0001,0001,0001,1001,100100650,0000000018,03800000668,03800000668,03800000669,0381,0001,0001,1001,100100CITY OF LA QUINTAFINANCE AUTHORITY EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020310 Fund revenue decrease in 2019/20 reflects the 1996 Civic Center Bond being paid off in October 2018. The General Fund no longer has the obligation to transfer funds to the Finance Authority for this debt service payment, however, annual State Controller reporting and auditing is required. 147 This page intentionally left blank. 148 SilverRock Golf Resort Revenues and Expenses will be presented during the May 21, 2020 budget study session. 149 This page intentionally left blank.150 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget203 - PUBLIC SAFETY FUND (MEASURE G)0000 - Undesignated99 - Transfers Out00001,000,0001,000,0000 %203-0000-99900 Transfers Out99 - Transfers Out Totals:00001,000,000 1,000,0000 %0000 - Undesignated Totals:00001,000,000 1,000,0000 %UBLIC SAFETY FUND (MEASURE G) Totals:00001,000,000 1,000,0000 %00001,000,0001,000,00000001,000,000 1,000,00000001,000,000 1,000,00000001,000,000 1,000,000CITY OF LA QUINTASPECIAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020203 Fund Transfers Out for CIP – Citywide safety camera system. 151 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget210 - FEDERAL ASSISTANCE FUND0000 - Undesignated60 - Contract Services18,10520,00020,000020,00000 %210-0000-60135 CDBG Public Service Gran60 - Contract Services Totals:18,10520,00020,000020,00000 %99 - Transfers Out42,894103,200128,4992,104121,900(6,599)-5 %210-0000-99900 Transfers Out99 - Transfers Out Totals:42,894103,200128,4992,104121,900(6,599)-5 %0000 - Undesignated Totals:60,999123,200148,4992,104141,900(6,599)-4 %210 - FEDERAL ASSISTANCE FUND Totals:60,999123,200148,4992,104141,900(6,599)-4 %18,10520,00020,000020,000018,10520,00020,000020,000042,894103,200128,4992,104121,900(6,599)42,894103,200128,4992,104121,900(6,599)60,999123,200148,4992,104141,900(6,599)60,999123,200148,4992,104141,900(6,599)CITY OF LA QUINTASPECIAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020210 Fund Transfers Out for CIP – City Hall miscellaneous interior ADA improvements. 152 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget212 - SLESA (COPS) FUND0000 - Undesignated60 - Contract Services30,09510,00010,00020,87810,00000 %212-0000-60178 COPS Robbery Prevention40,79290,00090,00044,48590,00000 %212-0000-60179 COPS Burglary/Theft Prev60 - Contract Services Totals:70,887100,000100,00065,363100,00000 %0000 - Undesignated Totals:70,887100,000100,00065,363100,00000 %212 - SLESA (COPS) FUND Totals:70,887100,000100,00065,363100,00000 %30,09510,00010,00020,87810,000040,79290,00090,00044,48590,000070,887100,000100,00065,363100,000070,887100,000100,00065,363100,000070,887100,000100,00065,363100,0000CITY OF LA QUINTASPECIAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020153 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget220 - QUIMBY FUND0000 - Undesignated99 - Transfers Out1,296,611263,0004,714,876 1,704,7060 (4,714,876)-100 %220-0000-99900 Transfers Out99 - Transfers Out Totals:1,296,611263,0004,714,876 1,704,7060 (4,714,876)-100 %0000 - Undesignated Totals:1,296,611263,0004,714,876 1,704,7060 (4,714,876)-100 %220 - QUIMBY FUND Totals:1,296,611263,0004,714,876 1,704,7060 (4,714,876)-100 %1,296,611263,0004,714,876 1,704,7060 (4,714,876)1,296,611263,0004,714,876 1,704,7060 (4,714,876)1,296,611263,0004,714,876 1,704,7060 (4,714,876)1,296,611263,0004,714,876 1,704,7060 (4,714,876)CITY OF LA QUINTASPECIAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020220 Fund has not additional Capital Improvement Project funding allocated in FY 2020/21.154 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget221 - AB 939 - CALRECYCLE FUND0000 - Undesignated60 - Contract Services91,81550,000180,00070,967100,000(80,000)-44 %221-0000-60127 AB 939 Recycling Solution60 - Contract Services Totals:91,81550,000180,00070,967100,000(80,000)-44 %0000 - Undesignated Totals:91,81550,000180,00070,967100,000(80,000)-44 %221 - AB 939 - CALRECYCLE FUND Totals:91,81550,000180,00070,967100,000(80,000)-44 %91,81550,000180,00070,967100,000(80,000)91,81550,000180,00070,967100,000(80,000)91,81550,000180,00070,967100,000(80,000)91,81550,000180,00070,967100,000(80,000)CITY OF LA QUINTASPECIAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020221 Fund is for composting solutions, school & business programs. 155 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget223 - MEASURE A FUND0000 - Undesignated64 - Other Expenses3,6014,00010,00013,9820(10,000)-100 %223-0000-60510 Signal Knockdowns, Cont64 - Other Expenses Totals:3,6014,00010,00013,9820(10,000)-100 %99 - Transfers Out586,5821,294,3002,986,248216,6451,044,000 (1,942,248)-65 %223-0000-99900 Transfers Out99 - Transfers Out Totals:586,5821,294,3002,986,248 216,6451,044,000 (1,942,248)-65 %0000 - Undesignated Totals:590,1831,298,3002,996,248 230,6271,044,000 (1,952,248)-65 %223 - MEASURE A FUND Totals:590,1831,298,3002,996,248 230,6271,044,000 (1,952,248)-65 %3,6014,00010,00013,9820(10,000)3,6014,00010,00013,9820(10,000)586,5821,294,3002,986,248216,6451,044,000 (1,942,248)586,5821,294,3002,986,248 216,6451,044,000 (1,942,248)590,1831,298,3002,996,248 230,6271,044,000 (1,952,248)590,1831,298,3002,996,248 230,6271,044,000 (1,952,248)CITY OF LA QUINTASPECIAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020223 Fund Transfers Out for CIP – Avenue 52-53 & 61 @ Monroe $839,000 and citywide traffic signal maintenance improvements $205,000.156 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget225 - INFRASTRUCTURE FUND0000 - Undesignated60 - Contract Services4,54301,5001,4100(1,500)-100 %225-0000-60104 Consultants, Fee Study60 - Contract Services Totals:4,54301,5001,4100(1,500)-100 %99 - Transfers Out0022,61800(22,618)-100 %225-0000-99900 Transfers Out99 - Transfers Out Totals:0022,61800(22,618)-100 %0000 - Undesignated Totals:4,543024,1181,4100(24,118)-100 %225 - INFRASTRUCTURE FUND Totals:4,543024,1181,4100(24,118)-100 %4,54301,5001,4100(1,500)4,54301,5001,4100(1,500)0022,61800(22,618)0022,61800(22,618)4,543024,1181,4100(24,118)4,543024,1181,4100(24,118)CITY OF LA QUINTASPECIAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020225 Fund is a Development Impact Fee Fund used for capital improvements. No additional projects are anticipated in FY 2020/21. 157 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget226 - EMERGENCY MANAGEMENT PERFORM0000 - Undesignated62 - Maintenance & Operations10,50012,00012,000012,00000 %226-0000-60432 Tools/Equipment62 - Maintenance & Operations Totals:10,50012,00012,000012,00000 %0000 - Undesignated Totals:10,50012,00012,000012,00000 %ENT PERFORMANCE GRANT (EMPG) Totals:10,50012,00012,000012,00000 %10,50012,00012,000012,000010,50012,00012,000012,000010,50012,00012,000012,000010,50012,00012,000012,0000CITY OF LA QUINTASPECIAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020226 Fund expenses are for emergency operations center (EOC). 158 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget227 - STATE HOMELAND SECURITY PROGR0000 - Undesignated60 - Contract Services6,0320005,0005,0000 %227-0000-60320 Travel & Training60 - Contract Services Totals:6,0320005,0005,0000 %0000 - Undesignated Totals:6,0320005,0005,0000 %AND SECURITY PROGRAMS (SHSP) Totals:6,0320005,0005,0000 %6,0320005,0005,0006,0320005,0005,0006,0320005,0005,0006,0320005,0005,000CITY OF LA QUINTASPECIAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020227 Fund expenses are for Community Emergency Response Team (CERT) training. 159 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget230 - CASp FUND, AB 13790000 - Undesignated60 - Contract Services01,5001,5000500(1,000)-67 %230-0000-60320 Travel & Training60 - Contract Services Totals:01,5001,5000500(1,000)-67 %64 - Other Expenses1,2682,1003,1002,2032,900(200)-6 %230-0000-60480 Contributions to State Ag64 - Other Expenses Totals:1,2682,1003,1002,2032,900(200)-6 %68 - Capital Expenses01,0001,00001,00000 %230-0000-90020 Service & Supply68 - Capital Expenses Totals:01,0001,00001,00000 %0000 - Undesignated Totals:1,2684,6005,6002,2034,400(1,200)-21 %230 - CASp FUND, AB 1379 Totals:1,2684,6005,6002,2034,400(1,200)-21 %01,5001,5000500(1,000)01,5001,5000500(1,000)1,2682,1003,1002,2032,900(200)1,2682,1003,1002,2032,900(200)01,0001,00001,000001,0001,00001,00001,2684,6005,6002,2034,400(1,200)1,2684,6005,6002,2034,400(1,200)CITY OF LA QUINTASPECIAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020230 Fund expenses are for training for Americans with Disability guidelines and a pass-through payment to the State Architect Office based on 10% of revenues collected from a $4 business license tax. 160 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget235 - SO COAST AIR QUALITY FUND0000 - Undesignated60 - Contract Services40,08339,00039,00019,70039,00000 %235-0000-60186 CVAG60 - Contract Services Totals:40,08339,00039,00019,70039,00000 %66 - Utilities2,6472,5002,5002,4943,20070028 %235-0000-61101 Electricity - Utilities66 - Utilities Totals:2,6472,5002,5002,4943,20070028 %68 - Capital Expenses050,00070,00033,6920(70,000)-100 %235-0000-80100 Machinery & Equipment68 - Capital Expenses Totals:050,00070,00033,6920(70,000)-100 %0000 - Undesignated Totals:42,73091,500111,50055,88642,200(69,300)-62 %35 - SO COAST AIR QUALITY FUND Totals:42,73091,500111,50055,88642,200(69,300)-62 %40,08339,00039,00019,70039,000040,08339,00039,00019,70039,00002,6472,5002,5002,4943,2007002,6472,5002,5002,4943,200700050,00070,00033,6920(70,000)050,00070,00033,6920(70,000)42,73091,500111,50055,88642,200(69,300)42,73091,500111,50055,88642,200(69,300)CITY OF LA QUINTASPECIAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020235 Fund expenses are for an agreement between CVAG and member jurisdictions which contribute 75% of AB2766 South Coast Air Quality Management District (AQMD) revenue are under review. 161 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget247 - ECONOMIC DEVELOPMENT FUND0000 - Undesignated64 - Other Expenses0003,67910,00010,0000 %247-0000-60461 Marketing & Tourism Prom001,500,00000 (1,500,000)-100 %247-0000-60510 Small Bus.Emer. Econ. Re64 - Other Expenses Totals:001,500,0003,67910,000 (1,490,000)-99 %0000 - Undesignated Totals:001,500,0003,67910,000 (1,490,000)-99 %- ECONOMIC DEVELOPMENT FUND Totals:001,500,0003,67910,000 (1,490,000)-99 %0003,67910,00010,000001,500,00000 (1,500,000)001,500,0003,67910,000 (1,490,000)001,500,0003,67910,000 (1,490,000)001,500,0003,67910,000 (1,490,000)CITY OF LA QUINTASPECIAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020247 Fund includes a transfer in from General Fund Economic Disaster Reserves in FY 2019/20 ($1,500,000). This transfer was used to fund the Economic Relief Business Loan Program. 162 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget250 - TRANSPORTATION DIF FUND0000 - Undesignated60 - Contract Services4,54301,5001,4100(1,500)-100 %250-0000-60104 Consultants, Fee Study60 - Contract Services Totals:4,54301,5001,4100(1,500)-100 %68 - Capital Expenses400,000400,000400,000400,000400,00000 %250-0000-80105 Developer Reimbursemen68 - Capital Expenses Totals:400,000400,000400,000 400,000400,00000 %99 - Transfers Out987,33783,7001,230,5752,407893,000(337,575)-27 %250-0000-99900 Transfers Out99 - Transfers Out Totals:987,33783,7001,230,5752,407893,000(337,575)-27 %0000 - Undesignated Totals:1,391,880483,7001,632,075 403,8171,293,000(339,075)-21 %250 - TRANSPORTATION DIF FUND Totals:1,391,880483,7001,632,075 403,8171,293,000(339,075)-21 %4,54301,5001,4100(1,500)4,54301,5001,4100(1,500)400,000400,000400,000400,000400,0000400,000400,000400,000 400,000400,0000987,33783,7001,230,5752,407893,000(337,575)987,33783,7001,230,5752,407893,000(337,575)1,391,880483,7001,632,075 403,8171,293,000(339,075)1,391,880483,7001,632,075 403,8171,293,000(339,075)CITY OF LA QUINTASPECIAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020250 Fund Transfers Out are for CIP – Avenue 50 bridge spanning evacuation channel. 163 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget251 - PARKS & REC DIF FUND0000 - Undesignated60 - Contract Services4,54201,5001,4100(1,500)-100 %251-0000-60104 Consultants, Fee Study60 - Contract Services Totals:4,54201,5001,4100(1,500)-100 %99 - Transfers Out002,400,00000 (2,400,000)-100 %251-0000-99900 Transfers Out99 - Transfers Out Totals:002,400,00000 (2,400,000)-100 %0000 - Undesignated Totals:4,54202,401,5001,4100 (2,401,500)-100 %251 - PARKS & REC DIF FUND Totals:4,54202,401,5001,4100 (2,401,500)-100 %4,54201,5001,4100(1,500)4,54201,5001,4100(1,500)002,400,00000 (2,400,000)002,400,00000 (2,400,000)4,54202,401,5001,4100 (2,401,500)4,54202,401,5001,4100 (2,401,500)CITY OF LA QUINTASPECIAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020251 Fund FY 2019/20 Transfer Out for CIP – SilverRock Event Site. 164 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget252 - CIVIC CENTER DIF FUND0000 - Undesignated60 - Contract Services4,54201,5001,4110(1,500)-100 %252-0000-60104 Consultants, Fee Study60 - Contract Services Totals:4,54201,5001,4110(1,500)-100 %64 - Other Expenses(7,058,068)000000 %252-0000-83501 Advance Principal Expens64 - Other Expenses Totals:(7,058,068)000000 %68 - Capital Expenses48,533130,00000000 %252-0000-83500 Advance Interest Expense68 - Capital Expenses Totals:48,533130,00000000 %0000 - Undesignated Totals:(7,004,993)130,0001,5001,4110(1,500)-100 %252 - CIVIC CENTER DIF FUND Totals:(7,004,993)130,0001,5001,4110(1,500)-100 %4,54201,5001,4110(1,500)4,54201,5001,4110(1,500)(7,058,068)00000(7,058,068)0000048,533130,000000048,533130,0000000(7,004,993)130,0001,5001,4110(1,500)(7,004,993)130,0001,5001,4110(1,500)CITY OF LA QUINTASPECIAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020252, 255, and 257 Development Impact Fee Funds had interfund loans established from 2003 to 2009 which were written-off in FY 2018/19. The loan write-offs are recorded as Advance Principal Expenses in FY 2018/19. Starting in FY 2019/20 the revenue in these funds is available for capital improvements as restricted by their intended use. Project funding will commence in FY 2021/22. 165 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget253 - LIBRARY DEVELOPMENT DIF0000 - Undesignated60 - Contract Services4,54201,5001,4100(1,500)-100 %253-0000-60104 Consultants, Fee Study60 - Contract Services Totals:4,54201,5001,4100(1,500)-100 %68 - Capital Expenses30,93832,00032,00023,33730,000(2,000)-6 %253-0000-83500 Advance Interest Expense68 - Capital Expenses Totals:30,93832,00032,00023,33730,000(2,000)-6 %0000 - Undesignated Totals:35,48032,00033,50024,74730,000(3,500)-10 %253 - LIBRARY DEVELOPMENT DIF Totals:35,48032,00033,50024,74730,000(3,500)-10 %4,54201,5001,4100(1,500)4,54201,5001,4100(1,500)30,93832,00032,00023,33730,000(2,000)30,93832,00032,00023,33730,000(2,000)35,48032,00033,50024,74730,000(3,500)35,48032,00033,50024,74730,000(3,500)CITY OF LA QUINTASPECIAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020250 Fund Transfers Out are for CIP – Avenue 50 bridge spanning evacuation channel. 166 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget254 - COMMUNITY CENTER DIF0000 - Undesignated60 - Contract Services4,54201,5001,4100(1,500)-100 %254-0000-60104 Consultants, Fee Study60 - Contract Services Totals:4,54201,5001,4100(1,500)-100 %99 - Transfers Out00101,63900(101,639)-100 %254-0000-99900 Transfers Out99 - Transfers Out Totals:00101,63900(101,639)-100 %0000 - Undesignated Totals:4,5420103,1391,4100(103,139)-100 %254 - COMMUNITY CENTER DIF Totals:4,5420103,1391,4100(103,139)-100 %4,54201,5001,4100(1,500)4,54201,5001,4100(1,500)00101,63900(101,639)00101,63900(101,639)4,5420103,1391,4100(103,139)4,5420103,1391,4100(103,139)CITY OF LA QUINTASPECIAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020254 Fund is a Development Impact Fee Fund used for capital improvements. No additional projects are anticipated in FY 2020/21. 167 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget255 - STREET FACILITY DIF FUND0000 - Undesignated60 - Contract Services4,54201,5001,4100(1,500)-100 %255-0000-60104 Consultants, Fee Study60 - Contract Services Totals:4,54201,5001,4100(1,500)-100 %64 - Other Expenses(1,890,705)000000 %255-0000-83501 Advance Principal Expens64 - Other Expenses Totals:(1,890,705)000000 %68 - Capital Expenses14,47430,00000000 %255-0000-83500 Advance Interest Expense68 - Capital Expenses Totals:14,47430,00000000 %0000 - Undesignated Totals:(1,871,689)30,0001,5001,4100(1,500)-100 %255 - STREET FACILITY DIF FUND Totals:(1,871,689)30,0001,5001,4100(1,500)-100 %4,54201,5001,4100(1,500)4,54201,5001,4100(1,500)(1,890,705)00000(1,890,705)0000014,47430,000000014,47430,0000000(1,871,689)30,0001,5001,4100(1,500)(1,871,689)30,0001,5001,4100(1,500)CITY OF LA QUINTASPECIAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020252, 255, and 257 Development Impact Fee Funds had interfund loans established from 2003 to 2009 which were written-off in FY 2018/19. The loan write-offs are recorded as Advance Principal Expenses in FY 2018/19. Starting in FY 2019/20 the revenue in these funds is available for capital improvements as restricted by their intended use. Project funding will commence in FY 2021/22. 168 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget256 - PARK FACILITY DIF FUND0000 - Undesignated60 - Contract Services4,54201,5001,4100(1,500)-100 %256-0000-60104 Consultants, Fee Study60 - Contract Services Totals:4,54201,5001,4100(1,500)-100 %99 - Transfers Out3,9666,00000000 %256-0000-99900 Transfers Out99 - Transfers Out Totals:3,9666,00000000 %0000 - Undesignated Totals:8,5086,0001,5001,4100(1,500)-100 %256 - PARK FACILITY DIF FUND Totals:8,5086,0001,5001,4100(1,500)-100 %4,54201,5001,4100(1,500)4,54201,5001,4100(1,500)3,9666,00000003,9666,00000008,5086,0001,5001,4100(1,500)8,5086,0001,5001,4100(1,500)CITY OF LA QUINTASPECIAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020256 Fund is a Development Impact Fee Fund used for capital improvements. No additional projects are anticipated in FY 2020/21. 169 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget257 - FIRE PROTECTION DIF0000 - Undesignated60 - Contract Services4,54201,5001,4100(1,500)-100 %257-0000-60104 Consultants, Fee Study60 - Contract Services Totals:4,54201,5001,4100(1,500)-100 %64 - Other Expenses(455,197)000000 %257-0000-83501 Advance Principal Expens64 - Other Expenses Totals:(455,197)000000 %68 - Capital Expenses6,5017,50000000 %257-0000-83500 Advance Interest Expense68 - Capital Expenses Totals:6,5017,50000000 %0000 - Undesignated Totals:(444,154)7,5001,5001,4100(1,500)-100 %257 - FIRE PROTECTION DIF Totals:(444,154)7,5001,5001,4100(1,500)-100 %4,54201,5001,4100(1,500)4,54201,5001,4100(1,500)(455,197)00000(455,197)000006,5017,50000006,5017,5000000(444,154)7,5001,5001,4100(1,500)(444,154)7,5001,5001,4100(1,500)CITY OF LA QUINTASPECIAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020252, 255, and 257 Development Impact Fee Funds had interfund loans established from 2003 to 2009 which were written-off in FY 2018/19. The loan write-offs are recorded as Advance Principal Expenses in FY 2018/19. Starting in FY 2019/20 the revenue in these funds is available for capital improvements as restricted by their intended use. Project funding will commence in FY 2021/22. 170 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget270 - ART IN PUBLIC PLACES FUND0000 - Undesignated64 - Other Expenses6522,0002,0006322,00000 %270-0000-60482 Operating Supplies64 - Other Expenses Totals:6522,0002,0006322,00000 %65 - Repair & Maintenance22,27078,00078,00013,62658,000(20,000)-26 %270-0000-60683 APP Maintenance65 - Repair & Maintenance Totals:22,27078,00078,00013,62658,000(20,000)-26 %68 - Capital Expenses69,59080,00080,00014,40050,000(30,000)-38 %270-0000-74800 Art Purchases68 - Capital Expenses Totals:69,59080,00080,00014,40050,000(30,000)-38 %99 - Transfers Out00600,00000(600,000)-100 %270-0000-99900 Transfers Out99 - Transfers Out Totals:00600,00000(600,000)-100 %0000 - Undesignated Totals:92,512160,000760,00028,658110,000(650,000)-86 %270 - ART IN PUBLIC PLACES FUND Totals:92,512160,000760,00028,658110,000(650,000)-86 %6522,0002,0006322,00006522,0002,0006322,000022,27078,00078,00013,62658,000(20,000)22,27078,00078,00013,62658,000(20,000)69,59080,00080,00014,40050,000(30,000)69,59080,00080,00014,40050,000(30,000)00600,00000(600,000)00600,00000(600,000)92,512160,000760,00028,658110,000(650,000)92,512160,000760,00028,658110,000(650,000)CITY OF LA QUINTASPECIAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020270 Fund Art in Public Places (APP) Maintenance increasing in 2019/20 because of new maintenance contract, updated inventory of all art in public places, internal city inspections and engineering services for new art installations. Transfers Out in 2019/20 are for carryover capital improvement projects. 171 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget405 - SA PA 1 CAPITAL IMPRV FUND0000 - Undesignated99 - Transfers Out50,99305,812,738214,0510 (5,812,738)-100 %405-0000-99900 Transfers Out99 - Transfers Out Totals:50,99305,812,738 214,0510 (5,812,738)-100 %0000 - Undesignated Totals:50,99305,812,738 214,0510 (5,812,738)-100 %05 - SA PA 1 CAPITAL IMPRV FUND Totals:50,99305,812,738 214,0510 (5,812,738)-100 %50,99305,812,738214,0510 (5,812,738)50,99305,812,738 214,0510 (5,812,738)50,99305,812,738 214,0510 (5,812,738)50,99305,812,738 214,0510 (5,812,738)CITY OF LA QUINTASPECIAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020405 Fund are bond proceeds designated for SilverRock Way improvements. 172 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget760 - SUPPLEMENTAL PENSION PLAN0000 - Undesignated50 - Salaries and Benefits12,83312,85012,85012,83312,85000 %760-0000-50199 Annual PARS Contribution50 - Salaries and Benefits Totals:12,83312,85012,85012,83312,85000 %0000 - Undesignated Totals:12,83312,85012,85012,83312,85000 %0 - SUPPLEMENTAL PENSION PLAN Totals:12,83312,85012,85012,83312,85000 %12,83312,85012,85012,83312,850012,83312,85012,85012,83312,850012,83312,85012,85012,83312,850012,83312,85012,85012,83312,8500CITY OF LA QUINTASPECIAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020760 Fund Annual PARS Trust Contribution is for one plan member as established in 2012. 173 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget761 - CERBT OPEB TRUST0000 - Undesignated60 - Contract Services0001,0671,5001,5000 %761-0000-60102 Administration60 - Contract Services Totals:0001,0671,5001,5000 %0000 - Undesignated Totals:0001,0671,5001,5000 %761 - CERBT OPEB TRUST Totals:0001,0671,5001,5000 %0001,0671,5001,5000001,0671,5001,5000001,0671,5001,5000001,0671,5001,500CITY OF LA QUINTASPECIAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020761 – OTHER POST EMPLOYMENT BENEFIT (OPEB) TRUST – The City participates in the California Employers’ Retiree Benefit Trust (CERBT) for the purpose of accumulating funding for OPEB obligations. The CERBT is a Section 115 Trust and is an agent multiple employer plan for those electing to prefund OPEB obligations. 174 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget762 - PARS PENSION TRUST0000 - Undesignated60 - Contract Services00021,89232,00032,0000 %762-0000-60102 Administration60 - Contract Services Totals:00021,89232,00032,0000 %0000 - Undesignated Totals:00021,89232,00032,0000 %762 - PARS PENSION TRUST Totals:00021,89232,00032,0000 %00021,89232,00032,00000021,89232,00032,00000021,89232,00032,00000021,89232,00032,000CITY OF LA QUINTASPECIAL FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020762 – PENSION TRUST FUND – In 2019, the City established a Section 115 Trust Agreement with U.S. Bank National Association and Public Agency Retirement Services (PARS), Trust Administrator. The Section 115 Trust was established as a means to set aside monies to fund the City’s pension and OPEB obligations. Contributions to the Section 115 Trust are irrevocable, the assets are dedicated to providing benefits to plan members, and the assets are protected from creditors of the City. The purpose of the Trust is to address the City’s pension obligations by accumulating assets to reduce the net pension liability. 175 This page intentionally left blank. 176 2018/19Actuals2019/20Original Budget2019/20Current Budget2019/20YTD Activity*2020/21Proposed Budget20/21 vs. Current 19/20% Change in Budget401 - CAPITAL IMPROVEMENT PROGRAMS0000 - Undesignated50 - Salaries and Benefits4,028006,225000 %401-0000-50101 Permanent Full Time370000000 %401-0000-50105 Salaries - Overtime1,020001,448000 %401-0000-50200 PERS-City Portion1,532001,399000 %401-0000-50221 Medical Insurance240039000 %401-0000-50222 Vision Insurance13400273000 %401-0000-50223 Dental Insurance30010 000 %401-0000-50224 Life Insurance4700107000 %401-0000-50225 Long Term Disability14000324000 %401-0000-50240 Social Security - Medicare50 - Salaries and Benefits Totals:7,297009,826000 %60 - Contract Services431,6701,312,5002,749,159376,0771,263,300 (1,485,859)-54 %401-0000-60103 Professional Services82,9381,960,7006,664,137225,4261,536,200 (5,127,937)-77 %401-0000-60108 Technical2,535,7973,148,4004,371,185642,2420 (4,371,185)-100 %401-0000-60185 Design3,416,657 12,828,300 50,220,143 15,041,66211,983,800 (38,236,343)-76 %401-0000-60188 Construction5,528040,00012,4420(40,000)-100 %401-0000-60196 Annual Permits/Inspection60 - Contract Services Totals:6,472,589 19,249,900 64,044,624 16,297,84914,783,300 (49,261,324)-77 %62 - Maintenance & Operations01,972,1007,229,52202,227,300 (5,002,222)-69 %401-0000-60510 Contingency62 - Maintenance & Operations Totals:01,972,1007,229,52202,227,300 (5,002,222)-69 %64 - Other Expenses1,491,6980905,361181,6010(905,361)-100 %401-0000-60480 Contributions to Other Ag64 - Other Expenses Totals:1,491,6980905,361 181,6010(905,361)-100 %68 - Capital Expenses1,555,64901,263,247411,1321,505,000241,75319 %401-0000-74010 Land Acquisition68 - Capital Expenses Totals:1,555,64901,263,247 411,1321,505,000241,75319 %99 - Transfers Out311,833000000 %401-0000-99900 Transfers Out99 - Transfers Out Totals:311,833000000 %0000 - Undesignated Totals:9,839,067 21,222,000 73,442,754 16,900,40818,515,600 (54,927,154)-75 %APITAL IMPROVEMENT PROGRAMS Totals:9,839,067 21,222,000 73,442,754 16,900,40818,515,600 (54,927,154)-75 %4,028006,22500370000001,020001,448001,532001,3990024003900134002730030010 0047001070014000324007,297009,82600431,6701,312,5002,749,159376,0771,263,300 (1,485,859)82,9381,960,7006,664,137225,4261,536,200 (5,127,937)2,535,7973,148,4004,371,185642,2420 (4,371,185)3,416,657 12,828,300 50,220,143 15,041,66211,983,800 (38,236,343)5,528040,00012,4420(40,000)6,472,589 19,249,900 64,044,624 16,297,84914,783,300 (49,261,324)01,972,1007,229,52202,227,300 (5,002,222)01,972,1007,229,52202,227,300 (5,002,222)1,491,6980905,361181,6010(905,361)1,491,6980905,361 181,6010(905,361)1,555,64901,263,247411,1321,505,000241,7531,555,64901,263,247 411,1321,505,000241,753311,83300000311,833000009,839,067 21,222,000 73,442,754 16,900,40818,515,600 (54,927,154)9,839,067 21,222,000 73,442,754 16,900,40818,515,600 (54,927,154)CITY OF LA QUINTACAPITAL IMPROVEMENT FUND EXPENSESFY 2020/21 PROPOSED BUDGET* As of 4/27/2020177 This page intentionally left blank. 178 DESCRIPTION OF FUNDS FUND TYPE - GENERAL FUND 101 - GENERAL FUND - The primary fund of the City used to account for all revenue and expenditures of the City not legally restricted as to use. A broad range of municipal activities are provided through this fund including City Manager, City Attorney, Finance, City Clerk, Community Development, Public Safety (Police and Fire), Public Works, and Community Services. FUND TYPE - SPECIAL REVENUE FUNDS 201 - GASOLINE TAX FUND - To account for gasoline sales tax allocations received from the State of California. These revenues are restricted by the State to expenditures for street related purposes only. 202 - LIBRARY AND MUSEUM FUND – This fund accounts for the revenues from property taxes generated for library and museum services. 203 PUBLIC SAFETY FUND – General Fund Measure G sales tax revenue set aside for public safety expenditures. 210 - FEDERAL ASSISTANCE FUND - This fund is used to account for revenues from the Community Development Block Grant (CDBG) received from the federal government and the expenditures of those resources. 212 – CITIZENS FOR PUBLIC SAFETY (COPS) FUND - This fund is used to account for State of California funds received for law enforcement activities of the Riverside County Sheriff’s Department. 215 – LIGHTING AND LANDSCAPE FUND – This fund accounts for special assessments levied on real property and the expenditure therefore from city-wide lighting and landscape maintenance and improvements. 220 - QUIMBY FUND - This fund is used to account for the accumulation of developer fees received under the provisions of the Quimby Act for park development and improvements. Capital projects to be funded from this source will be budgeted and expended in a separate Capital Projects Fund. 223 - MEASURE A FUND – In 1988, Riverside County voters approved a half cent sales tax, known as Measure A, to fund a variety of highway improvements, local street and road maintenance, commuter assistance and specialized highway transit projects. This fund is used to collect this tax and pursuant to the provision of Measure A, it is restricted for local street and road expenditures. 217 - DEVELOPMENT AGREEMENT FUND – This fund is used to account for the proceeds of development agreement revenues collected and the related expenditures in accordance with State requirements. 179 DESCRIPTION OF FUNDS - CONTINUED FUND TYPE - SPECIAL REVENUE FUNDS (continued ) 221 - AB 939 CAL-RECYCLE FUND - This fund is used to account for franchise fees collected from the city waste hauler that are used to reduce waste sent to landfills through recycling efforts. 226 – EMERGENCY MANAGEMENT PERFORMANCE FUND – Revenue received from the California Office of Emergency Services (CalOES) and restricted for emergency operations center (EOC) materials and trainings. 227 – STATE HOMELAND SECURITY PROGRAM (SHSP) FUND – Revenue received from the State Homeland Security Grant Program to local governments to assist to further the State of California’s efforts to prepare for natural and man-made disasters and terrorism related impacts to communities. 230 – CASp FUND, AB 1379 – This fund was established as required under Assembly Bill 1379 for the collection of the annual $4.00 business license accessibility fee. Funds shall be utilized for expenses related to enhancing accessibility requirements. 235 - SOUTH COAST AIR QUALITY FUND - This fund is used to account for contributions from the South Coast Air Quality Management District. Uses are limited to the reduction and control of airborne pollutants. 247 – ECONOMIC DEVELOPMENT FUND – This fund accounts for revenues and expenditures related to proceeds from sale of City owned land and future economic development. 270 - ART IN PUBLIC PLACES - This fund accounts for development fees paid in lieu of acquisition and installation of approved artworks in a development with expenditures restricted to acquisition, installation, maintenance, and repair of artworks at approved sites. 275 – PUBLIC SAFETY OFFICERS FUND - This fund may be used for payments to survivors of deceased police or fire personnel serving the City of La Quinta. 241 and 243 HOUSING AUTHORITY - These funds are used to account for the housing activities of the Housing Authority which is to promote and provide quality affordable housing. 248 and 249 SUCESSOR AGENCY BOND FUNDS - These funds are restricted per individual bond covenants. 405 and 417 – SUCCESSOR AGENCY PROJECT AREA 1/2 CAPITAL IMPROVEMENT FUNDS – These funds are restricted per individual bond covenants. 760 - SUPPLEMENTAL PENSION PLAN FUND – This fund is a defined contribution pension plan established by the City to provide retirement excess benefits to general employees of the City. 180 761 – OTHER POST EMPLOYMENT BENEFIT (OPEB) TRUST – The City participates in the California Employers’ Retiree Benefit Trust (CERBT) for the purpose of accumulating funding for OPEB obligations. The CERBT is a Section 115 Trust and is an agent multiple employer plan for those electing to prefund OPEB obligations. 762 – PENSION TRUST FUND – In 2019, the City established a Section 115 Trust Agreement with U.S. Bank National Association and Public Agency Retirement Services (PARS), Trust Administrator. The Section 115 Trust was established as a means to set aside monies to fund the City’s pension and OPEB obligations. Contributions to the Section 115 Trust are irrevocable, the assets are dedicated to providing benefits to plan members, and the assets are protected from creditors of the City. The purpose of the Trust is to address the City’s pension obligations by accumulating assets to reduce the net pension liability. FUND TYPE – DEBT SERVICE FUND 310 - FINANCING AUTHORITY, DEBT SERVICE - This fund is used to account for the debt service that will be used for the principal and interest payments of the Financing Authority’s outstanding debt and any related reporting requirements. DESCRIPTION OF FUNDS - CONTINUED FUND TYPE - CAPITAL PROJECTS FUNDS 225 - INFRASTRUCTURE FEE FUND - This fund is used to account for the accumulation of resources, provided through developer fees for the acquisition, construction or improvement of the City’s infrastructure as defined by Resolution. Capital projects to be funded from this source will be budgeted and expended in a separate Capital Projects Fund. 250 – TRANSPORTATION DIF, 251 - PARK & RECREATION DIF, 252 - CIVIC CENTER DIF, 253 - LIBRARY COMMUNITY CENTER, 254 – COMMUNITY CENTER DIF, 255 - STREET FACILITIY DIF, 256 - PARK FACILITY DIF, and 257 - FIRE DIF FUNDS - These funds are used to account for developer impact fees collected for specific public improvements and may not be utilized for ongoing operational expenses. 401 - CAPITAL PROJECTS FUND – This fund is used to account for the planning, design, and construction of various capital projects throughout the City of La Quinta. FUND TYPE - INTERNAL SERVICE FUNDS 501 - FACILITY AND FLEET REPLACEMENT FUND - This fund is used to account for the ultimate replacement of city owned and operated vehicles, heavy equipment, and facilities. 502 - INFORMATION TECHNOLOGY FUND - This fund is used to account for the ultimate replacement of city owned and operated computer hardware, software and computer maintenance and operations. 181 503 - PARK EQUIPMENT & FACILITIES FUND - This fund is used to account for the replacement of city owned and operated park equipment and facilities. 504 – INSURANCE FUND – This fund is used to account for the city’s insurance coverages. FUND TYPE – ENTERPRISE FUNDS 601 - SILVERROCK GOLF COURSE FUND - This account is used to account for the activities of the SilverRock Golf course. 602 - SILVERROCK GOLF COURSE RESERVE FUND - This fund is used to account for golf course reserves for future capital improvements of the SilverRock Golf course. 182 GLOSSARY OF BUDGET TERMS The following is a list of commonly used financial terms: ALLOCATE - To divide a lump-sum appropriation which is designated for expenditure by specific organization units and/or for specific purposes, activities, or objects. APPROPRIATION - An authorization made by the council which permits the City to incur obligations and to make expenditures of resources. ASSESSED VALUATION - A dollar value placed on real estate or other property by Riverside County as a basis for levying property taxes. ASSET - Anything having commercial or exchange value that is owned by a business, institution or individual. AUDIT - Conducted by an independent Certified Public Accounting (CPA) Firm, the primary objective of an audit is to determine if the City's Financial Statements present the City's financial position fairly and results of operations are in conformity with Generally Accepted Accounting Principles (GAAP). BALANCED BUDGET - A budget in which planned expenditures do not exceed projected funds available. BALANCE SHEET - A financial statement reporting the organization's assets, liabilities and equity activities. BUDGET - The document created by the staff and approved by the City Council which establishes the broad policy guidance on the projection of revenues and the allocation toward various types of expenditures. BUDGET CALENDAR – This is a schedule of the dates which is followed in the preparation, adoption, and administration of the budget. BUDGET MESSAGE - Included in the opening section of the Financial Plan, the Message provides the Council and the public with a general summary of the most important aspects of the document, changes from the previous fiscal years, and the views and recommendations of the City Manager. CONSUMER PRICE INDEX (CPI) - A measure used to reflect the change in the price of goods and services. CONTINGENCY - An appropriation of funds to cover unforeseen events that occur during the fiscal year such as flood emergencies, Federal mandates, shortfalls in revenue, and similar eventualities. T 183 ERMS, CONTINUED GLOSSARY OF BUDGET TERMS (Continued) CONTINUING APPROPRIATION - Funds committed for a previous fiscal year expenditure which were not spent in the year of appropriation but are intended to be used in the succeeding year. CONTRACTUAL SERVICES - Services rendered to City activities by private firms, individuals or other governmental agencies. Examples of these services include engineering, law enforcement, and city attorney services. DEPARTMENT - A major organizational unit of the City which has been assigned overall management responsibility for an operation or a group of related operations within a functional area. DESIGNATED FUND BALANCE - A portion of unreserved fund balance designated by City policy for specific future use. ENCUMBRANCE - The legal commitment of appropriated funds to purchase an item or service. To encumber funds means to set aside or commit funds for a future expenditure. EXPENDITURE - The outflow of funds paid for goods or services obtained. FEES FOR SERVICES - Charges paid to the City by users of a service to help support the costs of providing that service. FISCAL YEAR - The fiscal year is defined as the beginning and ending period for recording financial transactions. The City has specified July 1 to June 30 as its fiscal year. FIXED ASSETS – Fixed Assets are assets of a long-term nature such as land, buildings, machinery, furniture, and other equipment. The City has defined such assets as those with an expected life in excess of one year and an acquisition cost in excess of $5,000. FRANCHISE FEE - A franchise fee is charged for the privilege of using public right-of- way and property within the City for public or private purposes. The City currently accesses franchise fees on cable television, utilities, and trash collection contractors. FUND - An accounting entity that records all financial transactions for specific activities or government functions. The fund types used by the City are: General, Special Revenue, Capital Project, Debt Service, Enterprise, and Internal Service Funds. FUND BALANCE – Fund Balance is the excess of current assets over current liabilities, and represents the cumulative effect of revenues and other financing sources over expenditures and other financing uses. 184 GLOSSARY OF BUDGET TERMS (Continued) GENERAL FUND - The General Fund is the primary operating fund of the City. All revenues that are not allocated by law or contractual agreement to a specific fund are accounted for in the General Fund. With the exception of subvention or grant revenues restricted for specific uses, General Fund resources can be utilized for any legitimate governmental purpose. GOAL - A goal is a statement of broad, direction, purpose, or intent. GRANT -Contributions of cash or other assets from another governmental agency to be used or expended for a specified purpose, activity, or facility. INFRASTRUCTURE - Fund contributions of cash or other assets from development oriented applicants used for the City's basic system of its physical plant, (i.e., streets, water drainage, public buildings and parks). INVESTMENT REVENUE – Investment Revenue that is received as interest from the investment of funds not immediately required to meet cash disbursement obligations. JOINT POWERS AUTHORITY (J.P.A.) - A joint venture that is comprised of two or more governmental entities sharing the cost of providing a public service. LIABILITY - A claim on the assets of an entity. LINE-ITEM BUDGET - A budget that lists detailed expenditure categories (salary, materials, telephone service, travel, etc.) separately, along with the amount budgeted for each specified category. The City uses a program rather than line-item budget, although detail line-item accounts are maintained and recorded for financial reporting and control purposes. MUNICIPAL - In its broadest sense, municipal is an adjective which denotes the state and all subordinate units of government. In a more restricted sense, an adjective which denotes a city or village as opposed to other local governments. OPERATING BUDGET – This is the portion of the budget that pertains to daily operations providing governmental services. PERSONNEL SERVICES - Costs associated with providing the staff necessary to provide the desired levels of services. Included in personnel services are both salary and benefit costs. POLICY - A direction that must be followed to advance toward a goal. The direction can be a course of action or a guiding principal. PROGRAM - A grouping of activities organized to accomplish basic goals and objectives. 185 GLOSSARY OF BUDGET TERMS (Continued) PROGRAM BUDGET – This is a budget that focuses upon the goals and objectives of an agency or jurisdiction. PROPERTY TAX - A statutory limited tax levy which may be imposed for any purpose. QUARTERLY BUDGET REPORT – This is a comprehensive report providing an update of the City's financial position. RESERVE - An Account used to indicate that a portion of a fund's balance is legally restricted for a specific purpose and is, therefore, not available for general appropriation. REVENUE - Funds that the government receives as income. It includes such items as tax payments, fees from specific services, receipts from other governments, fines, forfeitures, grants, shared revenues, and interest income. RISK MANAGEMENT – This is an organized attempt to protect an organization's assets against accidental loss in the most cost-effective manner. SALES TAX - A tax on the purchase of goods. SPECIAL ASSESSMENT - A compulsory levy made against certain properties to defray part or all of the costs of a specific improvement or service deemed to primarily benefit those parties. (Special Assessments are also known as benefit fees.) SPECIAL REVENUE FUNDS - Funds used to account for the proceeds from specific revenue sources (other than trusts or major capital projects) that are legally restricted to expenditures for specific purposes. SUPPLIES AND SERVICES - A general category used for clarifying expenditures for various supplies and services which are normally used within a fiscal year. TRUST AND AGENCY FUNDS - Also known as Fiduciary Fund Types, these funds are used to account for assets held by the City in a trustee capacity or as an agent for private individuals, organizations, or other governmental agencies. USER FEES - The payment of a fee for direct receipt of a service by the party benefiting from the service. 186 City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING: May 13, 2020 STAFF REPORT AGENDA TITLE: DISCUSS FISCAL YEAR 2020/21 INVESTMENT POLICY RECOMMENDATION Discuss the Fiscal Year 2020/21 Investment Policy. EXECUTIVE SUMMARY •As part of their work plan, The Financial Advisory Commission (FAC) is asked to review the City’s Investment Policy annually. •Any edits are reviewed by the City Manager and City Attorney. •City Council must adopt the policy by the end of June of each year. FISCAL IMPACT - None. BACKGROUND For Fiscal Year (FY) 2019/20, the City submitted the Policy for certification by the California Municipal Treasurers Association (CMTA) and was awarded the certification for the second year in a row. The City had incorporated much of the guidance from the certification committee during the first review process and therefore there were few suggestions for edits this year. Also, there were no new regulatory changes in FY 2019/20 that affected the City’s policy, with the exception of an increase in the maximum allowable balance that can be held in the Local Agency Investment Fund (LAIF). Therefore, staff recommends the following minor edits which are identified as red lined in Attachment 1: •Section IV clarified diversification to reference the maximum allowable investments (by either dollar or percentage) as noted in Section X of the policy. •Section X changed amount allowable for LAIF to read that it will match California State Treasurer guidelines. •Section XV clarified that investment transactions are reported on a monthly basis. STUDY SESSION ITEM NO. 3 •Section XVI changed review of the investment portfolio for adherence to the policy from annually to quarterly. •Appendix C, Segregation of Major Investment Responsibilities, changed to reflect accurate titles for responsible parties. ALTERNATIVES The policy has been recognized by CMTA as following all state laws governing local agency investments and therefore no alternatives are recommended at this time. Prepared by: Rosemary Hallick, Financial Services Analyst Approved by: Karla Romero, Finance Director Attachment: 1. Draft Investment Policy for Fiscal Year 2020/21 (red-lined) Fiscal Year 2019/20202020/2021 Table of Contents Section Topic Page Executive Summary 1 I General Purpose 2 II Investment Policy 2 III Scope 2 IV Objectives 3 V Maximum Maturities 5 VI Prudence 5 VII Authority 5 VIII Ethics and Conflicts of Interest 6 IX Authorized Financial Dealers and Institutions 6 X Permissible Deposits and Investments 7 XI Investment Pools 10 XII Payment and Custody 10 XIII Interest Earning Distribution Policy 11 XIV Internal Controls and Independent Auditors 11 XV Reporting Standards 12 XVI Review of Investment Portfolio 13 XVII Financial Advisory Commission – City of La Quinta 13 XIII Investment Policy Adoption 13 Appendices Topic Page A Municipal Code Ordinance 2.70 – Financial Advisory Commission 14 B Municipal Code Ordinance 3.08 – Investment of Moneys and Funds 16 C Segregation of Major Investment Responsibilities 18 D Listing of Approved Financial Institutions 19 E Investment Management Process and Risk 20 F Glossary 22 Page 1 of 27 CITY OF LA QUINTA Investment Policy Fiscal Year 2019/20202020/2021 EXECUTIVE SUMMARY The general purpose of this Investment Policy is to provide the rules and standards that must be followed in administering the City of La Quinta's (the “City”) deposits and investments. The City's Investment Policy conforms to all state and local statutes and applies to all deposits and investments of the City, with the exception of bond proceeds and those noted in section III herein. It is the City's policy to deposit and invest public funds in a manner that shall provide safety of principal, liquidity to meet the City’s obligations and requirements that may be reasonably anticipated, and a risk-based market rate of return. Authority to manage the City's investment portfolio is derived from the City Municipal Code. Management responsibility for the investment program is delegated to the City Treasurer, who shall establish and implement written procedures for the operation of the City's investment program consistent with the Investment Policy. The City Manager, City Treasurer, and city employees involved in the City's banking and investment process shall conduct the City's business in an ethical manner and refrain from any activity or relationship that may be, or have the appearance of, a conflict of interest. The Investment Policy shall be adopted by resolution of the La Quinta City Council on an annual basis, before the end of each fiscal year (June). Page 2 of 27 City of La Quinta Statement of Investment Policy July 1, 2019 2020 through June 30, 2020 2021 Adopted by the City Council on October 15, 2019 June 16, 2020 I. GENERAL PURPOSE The general purpose of this document is to provide the rules and standards that must be followed in administering the City of La Quinta's deposits and investments. II.INVESTMENT POLICY It is the policy of the City of La Quinta to deposit and invest public funds in a manner that shall conform to all State and local statutes governing the investment of public funds and set forth the permissible deposits and investments of the City's funds and the limitations thereon. III.SCOPE Except as further detailed in Sections XVI and XVII, this Investment Policy applies to all deposits and investments of the City of La Quinta, the Successor Agency to the City of La Quinta Redevelopment Agency, and the City of La Quinta Financing and Housing Authorities. These funds are reported in the City's Comprehensive Annual Financial Report (CAFR) and include all funds within the following fund types: General Special Revenue Capital Projects Debt Service Enterprise Internal Service Trust and Agency Any new fund types and fund(s) that may be created. Financial assets and investment activity not subject to this policy The City's Investment Policy does not apply to the following: Cash and Investments raised from Conduit Debt Financing; Funds held in trust in the City's name in pension or other post-retirement benefit programs; Cash and Investments held in lieu of retention by banks or other financial institutions for construction projects; and Short or long-term loans made to other entities by the City or Agency, Short term (Due to/from) or long term (Advances from/to) obligations made either between the City and its funds or between the City and Agency. Investment of bond proceeds: The City's Investment Policy shall not govern bond proceeds and bond reserve fund investments. California Code Section Page 3 of 27 5922(d) governs the investment of bond proceeds and reserve funds in accordance with bond indenture provisions. Arbitrage Requirement - The US Tax Reform Act of 1986 requires the City to perform arbitrage calculations as required and return excess earnings to the US Treasury from investments of proceeds of bond issues sold after the effective date of this law. These arbitrage calculations may be contracted with an outside source to provide the necessary technical assistance to comply with this regulation. Investable funds subject to the 1986 Tax Reform Act will be kept segregated from other funds and records will be kept in a fashion to facilitate the calculations. The City's investment position relative to the new arbitrage restrictions is to continue pursuing the maximum yield on applicable investments while ensuring the safety of capital and liquidity. It is the City's position to continue maximization of yield and to rebate excess earnings, if necessary. IV.OBJECTIVES The objectives of the City's investment activity, in order of priority and importance, are: A. Safety of Principal Safety of principal is the foremost objective of the City's investment program. Investments shall be undertaken in a manner that seeks to ensure the preservation of principal of the overall portfolio in accordance with the permissible deposits and investments. The City shall endeavor to preserve its investment principal by making only permissible deposits and investments, undertaken in a controlled manner to minimize the possibility of loss or misappropriation through malfeasance or otherwise. Investments not backed by the full faith and credit of the United States Government shall be diversified by allocating assets between different types of permissible investments, maturities, and issuers as a means to mitigate credit risk and interest rate risk. Investment in any single security type or single financial institution shall be limited to the maximum percentages and/or dollar amounts as noted in Section X. 1.Credit Risk is the risk of loss from the failure of the security issuer or backer. Credit risk may be mitigated by: •Limiting investments to investment grade securities as permitted in Section X; and •Diversifying the issuers of the securities in the investment portfolio so that potential losses due to issuer failure or individual securities downgrades may be minimized. 2.Interest Rate Risk is the risk that market values of securities in the portfolio will decline due to changes in general interest rates. Interest rate risk may be mitigated by: Page 4 of 27 • Structuring the investment portfolio so that securities mature to meet cash requirements for ongoing operations, thereby avoiding the need to sell securities on the open market prior to maturity; and • Investing operating funds primarily in shorter-term securities. 3. Liquidity Risk is the risk that a security cannot be liquidated because of its unique features or structure or because it is thinly traded. Liquidity risk is not a material issue for the City's portfolio because of the permissible deposits and investments (see Section X). A discussion of the City's investment process and risk is presented in Appendix E. B. Provide Liquidity The investment portfolio shall remain sufficiently liquid to meet all of the City's cash needs that may be reasonably anticipated. This is accomplished by structuring the portfolio so that sufficient liquid funds are available to meet anticipated demands. Furthermore, since all possible cash needs cannot be anticipated the portfolio should be diversified and consist of securities with active secondary or resale markets. The City's policy is to generally hold securities and other investments to maturity. Accordingly, securities may be sold prior to maturity under certain circumstances as follow: • A security with declining credit quality can be sold early to minimize loss of principal. • Unanticipated liquidity needs of the portfolio require that one or more securities be sold. • When a sale/repurchase is fiscally advantageous based on market conditions and fits the needs of the portfolio C. Yield a Risk-Based Market Rate of Return The City's investment portfolio shall be structured with the objective of yielding a risk- based market rate of return throughout budgetary and economic cycles. Return on investment is less important than the safety and liquidity objectives described above. The City's Investment Policy does not specify a single benchmark as a goal or target yield for a rate of return on its investment portfolio. The portfolio's rates of return will be influenced by several factors, including actions by the Federal Reserve Board, the marketplace, and overall economic perceptions and conditions. Performance Standards: As a basis for comparison only, the Treasurer's quarterly reports will display the rates of return on the three-month Bill, six-month Bill, and one and two-year U.S. Treasury Note, and the yield for the State Treasurer's Local Agency Investment Fund (LAIF). The Treasurer may use these or any other published rates of return that the Treasurer deems appropriate for comparison to the return on the City's investment portfolio. Page 5 of 27 The investment portfolio shall be designed with the objective of obtaining a market rate of return throughout budgetary and economic cycles, commensurate with the investment risk constraints and the cash flow needs. V. MAXIMUM MATURITIES It is the City's policy to generally hold securities and other investments until maturity. This buy-and-hold policy shall not prevent the sale of a security as listed in section IV.B The general buy-and-hold strategy requires that the City's investment portfolio be structured so that sufficient liquid funds are available from maturing investments and other sources to meet all reasonably anticipated cash needs. The City shall follow Title 5 of the California Government Code §53601 (the “State Code”) regarding maximum maturities, in that “no investment shall be made in any security…that at the time of the investment has a term remaining to maturity in excess of five years”. VI. PRUDENCE and FIDUCIARY DUTY The City shall follow the State Code §53600.3 regarding fiduciary duty and the Prudent Investor Standard as follows: Except as provided in subdivision (a) of §27000.3, all governing bodies of local agencies or persons authorized to make investment decisions on behalf of those local agencies investing public funds pursuant to this chapter are trustees and therefore fiduciaries subject to the prudent investor standard. When investing, reinvesting, purchasing, acquiring, exchanging, selling, or managing public funds, a trustee shall act with care, skill, prudence, and diligence under the circumstances then prevailing, including, but not limited to, the general economic conditions and the anticipated needs of the agency, that a prudent person acting in a like capacity and familiarity with those matters would use in the conduct of funds of a like character and with like aims, to safeguard the principal and maintain the liquidity needs of the agency. Within the limitations of this section and considering individual investments as part of an overall strategy, investments may be acquired as authorized by law. VII. AUTHORITY Authority to manage the City's investment portfolio is derived from Chapter 3.08 of the City's Municipal Code. Management responsibility for the investment program is delegated to the City Treasurer for a period of one year pursuant to the City Council's annual adoption of the Investment Policy. The City Treasurer shall establish written procedures for the operation of the investment program consistent with the Investment Policy. Procedures should include reference to safekeeping, wire transfer agreements, banking service contracts, and collateral/depository agreements. Such procedures shall include explicit delegation of authority to persons responsible for investment transactions. No person may Page 6 of 27 engage in an investment transaction except as provided under the terms of this Investment Policy and the procedures established by the City Treasurer. The City Treasurer shall be responsible for all transactions undertaken and shall establish a system of controls to regulate the activities of subordinate officials. VIII. ETHICS AND CONFLICTS OF INTEREST The City Manager, City Treasurer and city employees involved in the City's banking and investment process shall conduct the City's business in an ethical manner and refrain from any activity or relationship that may be, or have the appearance of, a conflict of interest. The City will maintain compliance with the procedures set forth in the Conflicts of Interest and Acceptance of Gifts and other Gratuities section of the City of La Quinta Personnel Manual and the City’s Municipal Code Chapter 2.60 Conflicts of Interest. Any questionable activity or relationship shall be reported immediately; reporting must be made in accordance with the personnel policies of the City and, until resolved, the officer or employee shall refrain from participating in the City's business related to the matter. The City Manager, City Treasurer, and City employees may conduct personal business with banks, brokers, and other financial institutions that are authorized to conduct business with the City provided that the terms of the activity to the accountholder with the City are the same as those that are available to the public in general, or to all employees as a result of contract negotiations. IX. AUTHORIZED FINANCIAL DEALERS AND INSTITUTIONS The City Treasurer maintains a listing of financial institutions which are approved for direct investment purposes, as well as a list of approved broker/dealers. 1. Broker/Dealers who desire to become bidders for direct investment transactions must supply the City with the following: • Current audited financial statements; • Proof of Financial Industry Regulatory Authority (FINRA) Certification; • Proof of State of California registration; • Resume of Financial broker; and • Completion of the City of La Quinta Broker/Dealer questionnaire, which contains a certification of having read the City's Investment Policy. The City Treasurer shall evaluate the documentation submitted by the broker/dealer and independently verify existing reports on file for any firm and individual conducting investment related business. The City Treasurer will also contact the following agencies during the verification process: • Financial Industry Regulatory Authority (FINRA) Public Disclosure Report File (1-800- 289-9999). • State of California Department of Corporations (1-916-445-3062). Page 7 of 27 A professional investment manager or management firm, if engaged by the City pursuant to Section X of this policy, may utilize their own list of approved broker/dealers on the condition that any such list is provided to the City upon request. All Broker/Dealers and financial institutions that provide investment services will be subject to City Council approval. An annual review of the financial condition and registrations of approved broker/dealers will be conducted by the City Treasurer or designee. Current audited financial statements and/or SSAE 16 internal control (SOC-1) reports will be maintained on file for each financial institution and broker/dealer with which the City conducts business. Each mutual fund shall provide a prospectus and statement of additional information. 2. Financial Institutions will be required to meet the following criteria in order to receive City funds for deposit or investment (see Appendix D, "Listing of Approved Financial Institutions"): • Insurance - Public Funds shall be deposited only in financial institutions having accounts insured by the Federal Deposit Insurance Corporation (FDIC). • Disclosure - Each financial institution maintaining invested funds in excess of the FDIC insured amount shall furnish the City a copy of the most recent Call Report. The City shall not invest in excess of the FDIC insured amount in banking institutions which do not disclose to the city a current listing of securities pledged for collateralization in public monies. X. PERMISSIBLE DEPOSITS AND INVESTMENTS It is the City’s policy to follow Title 5 of the California Government Code (the “State Code”) in regard to allowable securities, and to be sufficiently diversified with regard to security type and issuer. Permissible deposits and investments, as allowed by Chapter 4, Part 1, Division 2, Title 5 (hereinafter cited by §), include, but are not limited to, the following: Checking, Savings, and Sweep Accounts - The City will only maintain checking and savings, accounts with state or national banks, savings associations, federal associations, and/or credit unions in accordance with §53635.2. • Collateralization: The amount of the City's deposits or investments not insured by the FDIC shall be collateralized by securities in accordance with §53652. The Treasurer may invest in an interest-bearing active deposit account as approved in §53632. The deposit account must be collateralized with securities that are in accordance with §53632.5. In addition, the market value of the collateralized securities must be maintained in accordance with §53652 and be held by a custodian in accordance with the requirements of Page 8 of 27 §53656. The proportion of the City's share of the deposit account shall be determined in accordance with §53658. Certificates of Deposit (Negotiable and Non-negotiable) – As authorized in §53601(i), the City may invest in Non- Negotiable and Negotiable Certificates of Deposits (CD) up to 30% of the overall portfolio. In no instance shall a CD or combined CD’s with a single issuer exceed the FDIC or NCUSIF insurance limit of $250,000. U.S. Treasury Bills, Notes, and Bonds – As authorized in §53601(b), the City may invest in U.S. Treasury bills, notes, and bonds directly issued and backed by the full faith and credit of the U.S. Government. The City's Investment Policy provides for investments in U.S. Treasury issues of 100% of the portfolio. U.S. Government Agency Securities and Federal Government Securities – As authorized in §53601(f), the City may invest in securities issued by U.S. Government instrumentalities and agencies (commonly referred to as government sponsored enterprises or GSE's). These securities may not be backed by the full faith and credit of the U.S. Government (with the exception of Government National Mortgage Association (GNMA) securities). Examples of GSE's include Federal National Mortgage Association (FNMA), Federal Home Loan Mortgage Corporation (FHLMC) Federal Home Loan Bank (FHLB), Federal Farm Credit Bank (FFCB), Federal Land Bank (FLB), Federal Intermediate Credit Bank (FICB), and GNMA securities. The City's Investment Policy allows investment only in securities of GNMA, FNMA, FHLMC, FHLB and FFCB. For Fiscal Year 2019-20, the maximum face amount per issuer is $20 million and the maximum face amount per purchase is $10 million. Prime Commercial Paper – As authorized in §53601(h), a portion of the City's portfolio may be invested in commercial paper of the highest rating as provided for by a nationally recognized statistical rating organization (NRSRO) such as Moody’s, Fitch, or Standard & Poor’s (S&P). There are a number of other qualifications regarding investments in commercial paper based on the financial strength and size of the corporation and the size of the investment. Up to 25% of the portfolio may be invested, with no more than 10% of the outstanding paper of any single issuer. Local Agency Investment Fund (LAIF) – As authorized in §16429.1 and by LAIF policies, local government agencies are each authorized to invest a maximum of $65 million per account in this investment program administered byup to the deposit limit as designated by the the California State Treasurer. The City Treasurer may not invest more than $65 millionthe maximum amount per account in as allowed by LAIF. Money Market Mutual Funds – As authorized in §53601(l), local agencies are authorized to invest in shares of beneficial interest issued by diversified management companies (mutual funds) in an amount not to exceed 20% of the Page 9 of 27 agency's portfolio. There are a number of other qualifications and restrictions regarding allowable investments in corporate notes and shares of beneficial interest issued by mutual funds which include (1) attaining the highest ranking or the highest letter and numerical rating provided by not less than two of the three largest nationally recognized rating services, or (2) having an investment advisor registered with the Securities and Exchange Commission with not less than five years' experience investing in the securities and obligations and with assets under management in excess of five hundred million dollars ($500,000,000). Corporate Notes – As authorized in §53601(k), local agencies may invest in corporate notes. The notes must be issued by corporations organized and operating in the United States or by depository institutions licensed by the United States or any other state and operating in the United States. The City's Investment Policy allows investment in corporate notes authorized by the Government Code with the following limitations: • Maximum 30% of the portfolio; • Maturities shall not exceed five years from date of purchase; • Eligible notes shall be regularly quoted and traded in the marketplace; • Eligible notes shall be in a rating category of "AA" or better by an NRSRO; • The maximum aggregate investment in each issuer shall not exceed $5 million (PAR value). Professionally Managed Account(s) – The City Treasurer may place up to 50% of the portfolio with a professional portfolio management/investment management firm (firm) The firm will be approved by the City Council based upon the City Treasurer's recommendation pursuant to completion of a public request for proposal (RFP). The firm shall have: • An established professional reputation for asset or investment management; • Knowledge and working familiarity with State and Federal laws governing and restricting the investment of public funds; • Substantial experience providing investment management services to local public agencies whose investment policies and portfolio size are similar to those of the City; • Professional liability (errors and omissions) insurance and fidelity bonding in such amounts as are required by the City; and • Registration with the Securities and Exchange Commission under the Investment Advisers Act of 1940 Before engagement by the City and except as may be specifically waived or revised, the firm shall commit to adhere to the provisions of the City's Investment Policy with the following exceptions: • The firm may be granted the discretion to purchase and sell investment securities in accordance with this Investment Policy; • The firm is not required to adhere to a buy-and-hold policy; and Page 10 of 27 • The firm does not need City Manager or City Treasurer approval to make permissible investments. Local Agency Bonds and California Local Agency Obligations – As authorized in §53601(a) and §53601(e), the City may invest in California local agency obligations. §53601(a) pertains to investing in bonds issued by a local agency, or by the department, board, agency or authority of the local agency. §53601(e) pertains to investing in bonds and other defined indebtedness of any local agency, or department, board, agency or authority of the local agency within the State of California. The Agency obligations must be invested in the long-term rating category of A or better by an NRSRO. In the case of an initial public offering, including refinancings, the Treasurer may purchase directly from the Bond Underwriter. In the case of secondary issues, the Treasurer will rely on the approved Broker/Dealers. XI. INVESTMENT POOLS There are three (3) types of investment pools: • State-run pools (e.g., LAIF); • Pools that are operated by a political subdivision where allowed by law and the political subdivision is the trustee (e.g., County Pools, and Joint Powers Authorities such as the California Asset Management Program (CAMP)); and • Pools that are operated for profit by third parties (e.g. money market funds). The City's Investment Policy permits investment in pools and money market funds as authorized by State Code §16429.1, §53601(l) and §53601(p). XII. PAYMENT AND CUSTODY The City shall engage qualified third-party custodians to act in a fiduciary capacity to maintain appropriate evidence of the City's ownership of securities and other eligible investments. Such custodians shall disburse funds received from the City for a purchase, to the broker, dealer or seller only after receiving evidence that the City has legal, record ownership of the securities. Even though ownership is evidenced in book-entry form rather than by actual certificates, this procedure is commonly referred to as the delivery versus payment (DVP) method for the transfer of securities. XIII. INTEREST EARNING DISTRIBUTION POLICY Interest earnings are generated from pooled investments and specific investments. The following provisions apply to the calculation and distribution of interest earnings. 1. Pooled Investments – It is the general policy of the City to pool all available operating cash of the City of La Quinta, Successor Agency to the City of La Quinta Redevelopment Agency, La Quinta Financing Authority, and La Quinta Housing Authority, and to allocate interest earnings as a payment to each fund Page 11 of 27 of an amount based on the month-end cash balance included in the common portfolio for the earning period. 2. Specific Investments – Specific investments purchased by a fund shall incur all earnings and expenses to that particular fund. XIV. INTERNAL CONTROLS AND INDEPENDENT AUDITOR The City Treasurer shall establish a system of internal controls to accomplish the following objectives: • Safeguard assets; • The orderly and efficient conduct of its business, including adherence to management policies; • Prevention or detection of errors and fraud; • The accuracy and completeness of accounting records; and • Timely preparation of reliable financial information. While no internal control system, however elaborate, can guarantee absolute assurance that the City's assets are safeguarded, it is the intent of the City's internal control to provide a reasonable assurance that management of the investment function meets the City's objectives. The internal controls shall address the following: • Control of collusion. Collusion is a situation where two or more employees are working in conjunction to defraud their employer. • Separation of transaction authority from accounting and record keeping. By separating the person who authorizes or performs the transaction from the people who record or otherwise account for the transaction, a separation of duties is achieved. • Custodial safekeeping. Securities purchased from any bank or dealer including appropriate collateral (as defined by State Law) shall be placed with an independent third party for custodial safekeeping. • Avoidance of physical delivery securities. Book entry securities are much easier to transfer and account for since actual delivery of a document never takes place. Delivered securities must be properly safeguarded against loss or destruction. The potential for fraud and loss increases with physically delivered securities. • Clear delegation of authority to subordinate staff members. Subordinate staff members must have a clear understanding of their authority and responsibilities to avoid improper actions. Clear delegation of authority also preserves the internal control structure that is contingent on the various staff positions and their respective responsibilities as outlined in the Segregation of Major Investment Responsibilities appendices. • Written confirmation of telephone transactions for investments and wire transfers. Due to the potential for error and improprieties arising from telephone transactions, all telephone transactions shall be supported by Page 12 of 27 written communications or electronic confirmations and approved by the appropriate person. Written communications may be via fax or email if on letterhead and the safekeeping institution has a list of authorized signatures. Fax correspondence must be supported by evidence of verbal or written follow- up. • Development of a wire transfer agreement with the City's bank and third-party custodian. This agreement should outline the various controls, security provisions, and delineate responsibilities of each party making and receiving wire transfers. The system of internal controls developed by the City shall be reviewed annually by the independent auditor in connection with the annual audit of the City's Financial Statements. The independent auditor's letter on internal control over financial reporting and compliance as it pertains to cash and investments, if any, shall be directed to the City Manager who will direct the City Treasurer to provide a written response to the independent auditor's letter. The auditor's letter, as it pertains, to cash and investment activities and the City Treasurer's response shall be provided to the City's Financial Advisory Commission for their consideration. Following the completion of each annual audit, the independent auditor shall meet with the Financial Advisory Commission and discuss the auditing procedures performed and the review of internal controls for cash and investment activities. See Appendix C, "Segregation of Major Investment Responsibilities." XV. REPORTING STANDARDS The City Treasurer shall submit a quarterly Treasurers Report to the City Council and the Financial Advisory Commission that includes all cash and investments under the authority of the Treasurer. In addition, the City Treasurer or designee shall ensure all investment transactions are reported on a monthly basis as they occur throughout the quarter. The Treasurer's Report shall summarize cash and investment activity and changes in balances and include the following: • A certification by the City Treasurer; • A listing of purchases and sales/maturities of investments; • Cash and Investments categorized by authorized investments; LAIF will also be provided quarterly and show yield and maturity; • Comparison of month end actual holdings to Investment Policy limitations; • A two-year list of historical interest rates. XVI. REVIEW OF INVESTMENT PORTFOLIO The securities held by the City must be in compliance with this Policy at the time of purchase. Due to market conditions, some securities may no longer comply subsequent to the date of purchase, therefore an annual quarterly review of the portfolio will be conducted to identify any securities which may have fallen out of compliance. Any major incidences of noncompliance identified during such review Page 13 of 27 will be reported to the Financial Advisory Commission for confirmation of staff recommendation regarding course of action. XVII. FINANCIAL ADVISORY COMMISSION - CITY OF LA QUINTA The Financial Advisory Commission (FAC) is composed of seven members from the public that are appointed by the City Council. The FAC’s membership, qualifications, and powers and duties are prescribed in Chapter 2.70 of the La Quinta Municipal Code and included in this policy as Appendix A. On an annual basis, in conjunction with the Political Reform Act disclosure statutes, or at any time if a change in circumstances warrants, each commissioner will provide the City Council with a disclosure statement which identifies any matters that have a bearing on the appropriateness of that member's service on the FAC. All commissioners shall report annually to the City Clerk on Form 700, Statement of Economic Interests, any activities, interests, or relationships that may be, or have the appearance of, a conflict of interest. XVIII. INVESTMENT POLICY ADOPTION The City's Investment Policy will be reviewed annually by the City's Financial Advisory Commission and the City Treasurer. The Financial Advisory Commission will forward the Investment Policy with any revisions to the City Manager and City Attorney for their review and comment. A joint meeting will be held with the Financial Advisory Commission, City Manager, City Attorney, and City Treasurer to review the Investment Policy and any comments prior to submission to the City Council for their consideration. The Investment Policy shall be adopted by resolution of the City Council annually before the end of June of each year. Page 14 of 27 City of La Quinta Municipal Code Chapter 2.70 FINANCIAL ADVISORY COMMISSION 2.70.010 General rules regarding the financial advisory commission. Except as set out below, see Chapter 2.06 for general provisions. 2.70.020 Number of members. The financial advisory commission ("FAC") shall initially consist of seven members appointed by, and serving at the will of, the city council. The city council may increase or decrease the number of members from time to time but in no event shall the membership exceed nine members or be less than five members. 2.70.030 Qualifications of members. A. In addition to the qualification requirements set forth in Section 2.06.040 of this code, a minimum of three of the members shall be finance professionals and shall have a verifiable background in finance and/or securities, preferably with knowledge and/or experience in markets, financial controls and accounting for securities. B. For those applying for the professional position, background information will be requested, and potential candidates must agree to a background check and verification by the city manager or designee. 2.70.040 Powers and duties. A. The principal functions of the FAC are: 1. Review at least annually the city's investment policy and recommend appropriate changes; 2. Review at least quarterly the treasury report and note compliance with the investment policy and adequacy of cash and investments for anticipated obligations; 3. Receive and consider other reports provided by the city treasurer; 4. Meet with the independent auditor after completion of the annual audit of the city's financial statements, and receive and consider the auditor's comments on auditing procedures, internal controls, and findings for cash and investment activities; 5. Review at least annually the revenue derived from the one percent (1%) transactions and use tax instituted by voters in November 2016 to ensure these funds are used to provide services, programs and capital projects in the city of La Quinta. APPENDIX A Page 15 of 27 6. Serve as a resource for the city treasurer on matters such as proposed investments, internal controls, use of or change of financial institutions, custodians, brokers and dealers. B. The FAC will report to the city council after each meeting either in person or through correspondence at a regular city council meeting. (Ord. 556 § 1, 2017) 2.70.050 References to the Investment Advisory Board. If any other chapter(s) or section(s) in this code refers to the Investment Advisory Board, that chapter(s) or section(s) shall be deemed to refer to the Financial Advisory Commission established by the ordinance amending chapter 2.70 of this code. Page 16 of 27 City of La Quinta Municipal Code Chapter 3.08 INVESTMENT OF MONEYS AND FUNDS 3.08.010 Investment of city moneys and deposit of securities. Pursuant to, and in accordance with, and to the extent allowed by Sections 53607 and 53608 of the California Government Code, the authority to invest and reinvest moneys of the city, to sell or exchange securities, and to deposit them and provide for their safekeeping, is delegated to the city treasurer, which, for purposes of this chapter, is defined in Section 2.12.010 of this code. (Ord. 529 § 1, 2015; Ord. 2 § 1, 1982) 3.08.020 Authorized investments. Pursuant to the delegation of authority in Section 3.08.010, the city treasurer is authorized to purchase, at their original sale or after they have been issued, securities which are permissible investments under the city council adopted city investment policy and any provision of state law relating to the investing of general city funds, including, but not limited to, Sections 53601 and 53635 of the California Government Code, as said sections now read or may hereafter be amended, from moneys in the city treasurer's custody which are not required for the immediate necessities of the city and as he or she may deem wise and expedient, and to sell or exchange for other eligible securities and reinvest the proceeds of the securities so purchased. (Ord. 529 § 1, 2015; Ord. 2 § 1, 1982) 3.08.030 Sales of Securities. From time to time the city treasurer shall sell the securities in which city moneys have been invested pursuant to this chapter, so that the proceeds may, as appropriate, be applied to the purchase for which the original purchase money may have been designated or placed in the city treasury. (Ord.2 § 1 1982) 3.08.040 City bonds. Bonds issued by the city and purchased pursuant to this chapter may be cancelled either in satisfaction of sinking fund obligations or otherwise if proper and appropriate; provided, however, that the bonds may be held uncancelled and while so held may be resold. (Ord. 2 § 1 (part), 1982) 3.08.050 Reports. The city treasurer shall make a quarterly report to the city council of all investments made pursuant to the authority delegated in this chapter and as permitted by Section 53646(b)(1) of the Government Code. (Ord. 529 § 1, 2015; Ord. 2 § 1, 1982) APPENDIX B Page 17 of 27 3.08.060 Deposits of securities. Pursuant to the delegation of authority in Section 3.08.010, the city treasurer is authorized to deposit for safekeeping, the securities in which city moneys have been invested pursuant to this chapter, in any institution or depository authorized by the city council adopted investment policy and terms of any state law, including, but not limited to, Section 53608 of the Government Code, as it now reads or may hereafter be amended. In accordance with said section, the city treasurer shall take from the institution or depository a receipt for the securities so deposited and shall not be responsible for the securities delivered to and receipted for by the institution or depository until they are withdrawn therefrom by the city treasurer. (Ord. 529 § 1, 2015; Ord. 2 § 1, 1982) 3.08.070 Trust fund administration. Any departmental trust fund established by the city council pursuant to Section 36523 of the Government Code shall be administered by the city treasurer in accordance with Section 36523 and 36524 of the Government Code and any other applicable provisions of law. (Ord. 2 § 1, 1982) Page 18 of 27 Function Responsible Parties Develop and recommend modifications to the City's formal Investment Policy City Treasurer, Financial Services Analyst, and Financial Advisory Commission Review City's Investment Policy and recommend City Council action City Manager and City Attorney Adopt formal Investment Policy City Council Implement formal Investment Policy City Treasurer Review financial institutions and select investments City Treasurer or Financial Services Analyst Acknowledge investment selections City Manager or his/her designee Execute investment transactions City Manager, City Treasurer, or Financial Services Analyst Confirm wires Senior Accountant , Accounting Manager, Accountant, or Management Assistant Record investment transactions in City's accounting records Senior Accountant Accounting Manager or Accountant Investment cerification- match broker confirmation to City's investment records City Treasurer or Financial Services Analyst Reconcile investment records to accounting records and bank statements Financial Services Analyst Reconcile investment records to treasurer's report of investments Senior Accountant City Treasurer, Accounting Manager or Financial Services Analyst Security of investments at City Senior Accountant Accounting Manager or Management Assistant Security of investments outside of City Third Party Custodian Review internal control procedures External Auditor SEGREGATION OF MAJOR INVESTMENT RESPONSIBILITIES APPENDIX C Page 19 of 27 Banking Services -Wells Fargo Bank, Government Services, Los Angeles, CA (Banking Services) -Bank of the West, San Francisco, CA (Banking Services) Custodian Services -The Bank of New York Mellon/Pershing LLC -Stifel Deferred Compensation -International City/County Management Association (ICCMA) Retirement Corporation Broker/Dealer Services -Stifel, Nicholaus, & Company, Inc. -Higgins Capital Management, Inc. -Great Pacific Securities Government/Joint Powers Authority Pools -State of California Local Agency Investment Fund (LAIF) -California Asset Management Program (CAMP) Trustee Services -US Bank (1) Other Post Employment Benefits (OPEB) Trust -California Employers' Retirement Benefits Trust (CERBT)/CalPERS Pension Trust - Administration -Public Agency Retirement Services (PARS) Listing of Approved Financial Institutions (1) US Bank is the fiscal agent for all of the following bonds: 2013, 2014, and 2016 Successor Agency to the La Quinta Redevelopment Agency (RDA) Bonds. US Bank is also the trustee and asset custodian for the PARS pension trust. APPENDIX D Page 20 of 27 INVESTMENT MANAGEMENT PROCESS AND RISK Except as provided for in Section 27000.3, Government Code Section 53600.3 declares as a trustee each person, treasurer, or governing body authorized to make investment decisions on behalf of local agencies. Trustees are subject to the prudent investor standard. These persons shall act with care, skill, prudence, and diligence under the circumstances then prevailing when investing, reinvesting, purchasing, acquiring, exchanging, selling, and managing funds. Section 53600.5 further stipulates that the primary objective of any person investing public funds is to safeguard principal; secondly, to meet liquidity needs of the depositor; and lastly, to achieve a return or yield on invested funds (Government Code Section 27000.5 specifies the same objectives for county treasurers and board of supervisors). Risk is inherent throughout the investment process. There is investment risk associated with any investment activity and opportunity risk related to inactivity. Market risk is derived from exposure to overall changes in the general level of interest rates while credit risk is the risk of loss due to the failure of the insurer of a security. The market value of a security varies inversely with the level of interest rates. If an investor is required to sell an investment with a five percent yield in a comparable seven percent rate environment, that security will be sold at a loss. The magnitude of that loss will depend on the amount of time until maturity. Purchasing certain allowable securities with a maturity of greater than five years requires approval of the governing board (see Government Code Section 53601). Part of that approval process involves assessing and disclosing the risk and possible volatility of longer-term investments Another element of risk is liquidity risk. Instruments with call features or special structures, or those issued by little known companies, are examples of "story bonds" and are often thinly traded. Their uniqueness often makes finding prospective buyers in a secondary market more difficult and, consequently, the securities' marketability and price are discounted. However, under certain market conditions, gains are also possible with these types of securities. Default risk represents the possibility that the borrower may be unable to repay the obligation as scheduled. Generally, securities issued by the federal government and its agencies are considered the most secure, while securities issued by private corporations or negotiable certificates of deposit issued by commercial banks have a greater degree of risk. Securities with additional credit enhancements, such as bankers acceptances, collateralized repurchase agreements and collateralized bank deposits are somewhere between the two on the risk spectrum. The vast majority of portfolios are managed within a buy and hold policy. Investments are purchased with the intent and capacity to hold that security until maturity. At APPENDIX E Page 21 of 27 times, market forces or operations may dictate swapping one security for another or selling a security before maturity. Continuous analysis and fine tuning of the investment portfolio are considered prudent investment management. The Government Code contains specific provisions regarding the types of investments and practices permitted after considering the broad requirement of preserving principal and maintaining liquidity before seeking yield. These provisions are intended to promote the use of reliable, diverse, and safe investment instruments to better ensure a prudently managed portfolio worthy of public trust. Source: Chapter II. Fund Management from the Local Agency Investment Guidelines Issued by California Debt and Investment Advisory Commission Page 22 of 27 GLOSSARY (Adopted from the Municipal Treasurers Association) The purpose of this glossary is to provide the reader of the City of La Quinta investment policies with a better understanding of financial terms used in municipal investing. AGENCIES: Federal agency securities and/or Government-sponsored enterprises. ASKED: The price at which securities are offered. BANKERS' ACCEPTANCE (BA): A draft or bill or exchange accepted by a bank or trust company. The accepting institution guarantees payment of the bill, as well as the issuer. BID: The price offered by a buyer of securities. (When you are selling securities, you ask for a bid.) See Offer. BROKER: A broker brings buyers and sellers together for a commission. CERTIFICATE OF DEPOSIT (CD): A time deposit with a specific maturity evidenced by a certificate. Large- denomination CD's are typically negotiable. COLLATERAL: Securities, evidence of deposit or other property which a borrower pledges to secure repayment of a loan. Also refers to securities pledged by a bank to secure deposits of public monies. COMMERCIAL PAPER: Short-term unsecured promissory notes issued by a corporation to raise working capital. These negotiable instruments are purchased at a discount to par value or at par value with interest bearing. Commercial paper is issued by corporations such as General Motors Acceptance Corporation, IBM, Bank America, etc. COMPREHENSIVE ANNUAL FINANCIAL REPORT (CAFR): The official annual report for the City of La Quinta. It includes five combined statements for each individual fund and account group prepared in conformity with GAAP. It also includes supporting schedules necessary to demonstrate compliance with finance-related legal and contractual provisions, extensive introductory material, and a detailed Statistical Section. CONDUIT FINANCING: A form of Financing in which a government or a government agency lends its name to a bond issue, although it is acting only as a conduit between a specific project and bond holders. The bond holders can look only to the revenues from the project being financed for repayment and not to the government or agency whose name appears on the bond. COUPON: (a) The annual rate of interest that a bond's issuer promises to pay the bondholder on the bond's face value. (b) A certificate attached to a bond evidencing interest due on a payment date. DEALER: A dealer, as opposed to a broker, acts as a principal in all transactions, buying and selling for his own account. APPENDIX F Page 23 of 27 DEBENTURE: A bond secured only by the general credit of the issuer. DELIVERY VERSUS PAYMENT: There are two methods of delivery of securities: delivery versus payment and delivery versus receipt. Delivery versus payment is delivery of securities with an exchange of money for the securities. Delivery versus receipt is delivery of securities with an exchange of a signed receipt for the securities. DERIVATIVES: (1) Financial instruments whose return profile is linked to, or derived from, the movement of one or more underlying index or security, and may include a leveraging factor, or (2) financial contracts based upon notional amounts whose value is derived from an underlying index or security (interest rates, foreign exchange rates, equities or commodities). DISCOUNT: The difference between the cost price of a security and its maturity when quoted at lower than face value. A security selling below original offering price shortly after sale also is considered to be at a discount. DISCOUNT SECURITIES: Non-interest-bearing money market instruments that are issued at discount and redeemed at maturity for full face value DIVERSIFICATION: Dividing investment funds among a variety of securities offering independent returns. FEDERAL CREDIT AGENCIES: Agencies of the Federal government set up to supply credit to various classes of institutions and individuals, e.g., S&L's, small business firms, students, farmers, farm cooperatives, and exporters. FNMAs (Federal National Mortgage Association) - Like GNMA was chartered under the Federal National Mortgage Association Act in 1938. FNMA is a federal corporation working under the auspices of the Department of Housing and Urban Development (HUD). It is the largest single provider of residential mortgage funds in the United States. Fannie Mae, as the corporation is called, is a private stockholder-owned corporation. The corporation's purchases include a variety of adjustable mortgages and second loans, in addition to fixed-rate mortgages. FNMA's securities are also highly liquid and are widely accepted. FNMA assumes and guarantees that all security holders will receive timely payment of principal and interest. FHLBs (Federal Home Loan Bank Notes and Bonds) - Issued by the Federal Home Loan Bank System to help finance the housing industry. The notes and bonds provide liquidity and home mortgage credit to savings and loan associations, mutual savings banks, cooperative banks, insurance companies, and mortgage-lending institutions. They are issued irregularly for various maturities. The minimum denomination is $5,000. The notes are issued with maturities of less than one year and interest is paid at maturity. FLBs (Federal Land Bank Bonds) - Long-term mortgage credit provided to farmers by Federal Land Banks. These bonds are issued at irregular times for various maturities ranging from a few months to ten years. The minimum denomination is $1,000. They carry semi- annual coupons. Interest is calculated on a 360-day, 30-day month basis. FFCBs (Federal Farm Credit Bank) – Debt instruments used to finance the short and intermediate term needs of farmers and the national agricultural industry. They are Page 24 of 27 issued monthly with three- and six-month maturities. The FFCB issues larger issues (one to ten year) on a periodic basis. These issues are highly liquid. FICBs (Federal Intermediate Credit Bank Debentures) - Loans to lending institutions used to finance the short-term and intermediate needs of farmers, such as seasonal production. They are usually issued monthly in minimum denominations of $3,000 with a nine-month maturity. Interest is payable at maturity and is calculated on a 360-day, 30-day month basis. FHLMCs (Federal Home Loan Mortgage Corporation) - a government sponsored entity established in 1970 to provide a secondary market for conventional home mortgages. Mortgages are purchased solely from the Federal Home Loan Bank System member lending institutions whose deposits are insured by agencies of the United States Government. They are issued for various maturities and in minimum denominations of $10,000. Principal and interest is paid monthly. Other federal agency issues are Small Business Administration notes (SBA's), Government National Mortgage Association notes (GNMA's), and Tennessee Valley Authority notes (TVA's). FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC): A federal agency that insures bank deposits, currently up to $250,000 per deposit per entity. FEDERAL FUNDS RATE: The rate of interest at which Fed funds are traded. This rate is currently pegged by the Federal Reserve through open- market operations. FEDERAL HOME LOAN BANKS (FHLB): Government sponsored wholesale banks (currently 12 regional banks) which lend funds and provide correspondent banking services to member commercial banks, thrift institutions, credit unions and insurance companies. The mission of the FHLBs is to liquefy the housing related assets of its members who must purchase stock in their district Bank. FEDERAL OPEN MARKET COMMITTEE (FOMC): Consists of seven members of the Federal Reserve Board and five of the twelve Federal Reserve Bank Presidents. The President of the New York Federal Reserve Bank is a permanent member, while the other Presidents serve on a rotating basis. The Committee periodically meets to set Federal Reserve guidelines regarding purchases and sales of Government Securities in the open market as a means of influencing the volume of bank credit and money. FEDERAL RESERVE SYSTEM: The central bank of the United States created by Congress and consisting of a seven-member Board of Governors in Washington, D.C., 12 regional banks and about 3,000 commercial banks that are members of the system. GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (GNMA or Ginnie Mae): Securities influencing the volume of bank credit guaranteed by GNMA and issued by mortgage bankers, commercial banks, savings and loan associations, and other institutions. Security holder is protected by full faith and credit of the U.S. Government. Ginnie Mae securities are backed by the FHA, VA or FMHM mortgages. The term "pass- throughs" is often used to describe Ginnie Maes. Page 25 of 27 LAIF (Local Agency Investment Fund): - A special fund in the State Treasury which local agencies may use to deposit funds for investment. There is no minimum investment period, the minimum transaction is $5,000 and the City follows the state guidance for maximum total balance. The City is restricted to a maximum of ten transactions per month. It offers high liquidity because deposits can be converted to cash in 24 hours and no interest is lost. All interest is distributed to those agencies participating on a proportionate share basis determined by the amounts deposited and the length of time they are deposited. Interest is paid quarterly. The State retains an amount for reasonable costs of making the investments, not to exceed one-half of one percent of the earnings. LIQUIDITY: A liquid asset is one that can be converted easily and rapidly into cash without a substantial loss of value. In the money market, a security is said to be liquid if the spread between bid and asked prices is narrow and reasonable size can be done at those quotes. LOCAL GOVERNMENT INVESTMENT POOL (LGIP): The aggregate of all funds from political subdivisions that are placed in the custody of the State Treasurer for investment and reinvestment MARKET VALUE: The price at which a security is trading and could presumably be purchased or sold. MASTER REPURCHASE AGREEMENT: A written contract covering all future transactions between the parties to repurchase--reverse repurchase agreements that establish each party's rights in the transactions. A master agreement will often specify, among other things, the right of the buyer- lender to liquidate the underlying securities in the event of default by the seller-borrower. MATURITY: The date upon which the principal or stated value of an investment becomes due and payable. MONEY MARKET: The market in which short-term debt instruments (bills, commercial paper, bankers' acceptances, etc.) are issued and traded. NRSRO (NATIONALLY RECOGNIZED STATISTICAL RATING ORGANIZATION): A credit rating agency recognized by the Securities and Exchange Commission (SEC). Examples include Fitch Ratings, Inc., Moody’s Investor’s Services, Inc., and S&P Global Ratings, among others. OFFER: The price asked by a seller of securities. (When you are buying securities, you ask for an offer.) See Asked and Bid. OPEN MARKET OPERATIONS: Purchases and sales of government and certain other securities in the open market by the New York Federal Reserve Bank as directed by the FOMC in order to influence the volume of money and credit in the economy. Purchases inject reserves into the bank system and stimulate growth of money and credit; sales have the opposite effect. Open market operations are the Federal Reserve's most important and most flexible monetary policy tool. PORTFOLIO: Collection of all cash and securities under the direction of the City Treasurer, including Bond Proceeds. Page 26 of 27 PRIMARY DEALER: A group of government securities dealers who submit daily reports of market activity and positions and monthly financial statements to the Federal Reserve Bank of New York and are subject to its informal oversight. Primary dealers include Securities and Exchange Commission (SEC) registered securities broker- dealers, banks and a few unregulated firms. QUALIFIED PUBLIC DEPOSITORIES: A financial institution which does not claim exemption from the payment of any sales or compensating use or ad valorem taxes under the laws of this state, which has segregated for the benefit of the commission eligible collateral having a value of not less than its maximum liability and which has been approved by the Public Deposit Protection Commission to hold public deposits. RATE OF RETURN: The yield obtainable on a security based on its purchase price or its current market price. This may be the amortized yield to maturity on a bond the current income return. REPURCHASE AGREEMENT (RP OR REPO) and REVERSE REPURCHASE AGREEMENTS (RRP or RevRepo): A holder of securities sells these securities to an investor with an agreement to repurchase them at a fixed price on a fixed date. The security "buyer" in effect lends the "seller" money for the period of the agreement, and the terms of the agreement are structured to compensate him for this. Dealers use RP extensively to finance their positions. Exception: When the Fed is said to be doing RP, it is lending money that is increasing bank reserves. SAFEKEEPING: A service to customers rendered by banks for a fee whereby securities and valuables of all types and descriptions are held in the bank's vaults for protection. SECONDARY MARKET: A market made for the purchase and sale of outstanding issues following the initial distribution. SECURITIES & EXCHANGE COMMISSION: Agency created by Congress to protect investors in securities transactions by administering securities legislation. SEC RULE 15C3-1: See Uniform Net Capital Rule. SSAE 16: The Statement on Standards for Attestation Engagements No. 16 (SSAE 16) is a set of auditing standards and guidance on using the standards, published by the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA) for redefining and updating how service companies report on compliance controls. The Service Organizational Control report (SOC-1) contains internal controls over financial reporting and is used by auditors and office controllers. STRUCTURED NOTES: Notes issued by Government Sponsored Enterprises (FHLB, FNMA, SLMA, etc.) and Corporations which have imbedded options (e.g., call features, step-up coupons, floating rate coupons, and derivative-based returns) into their debt structure. Their market performance is impacted by the fluctuation of interest rates, the volatility of the imbedded options and shifts in the shape of the yield curve. SURPLUS FUNDS: Section 53601 of the California Government Code defines surplus funds as any money not required for immediate necessities of the local agency. The City has defined immediate necessities to be payment due within one week. Page 27 of 27 TREASURY BILLS: A non-interest- bearing discount security issued by the U.S. Treasury to finance the national debt. Most bills are issued to mature in three months, six months or one year. TREASURY BONDS: Long-term coupon-bearing U.S. Treasury securities issued as direct obligations of the U.S. Government and having initial maturities of more than 10 years. TREASURY NOTES: Medium-term coupon-bearing U.S. Treasury securities issued as direct obligations of the U.S. Government and having initial maturities from two to 10 years. UNIFORM NET CAPITAL RULE: Securities and Exchange Commission requirement that member firms as well as nonmember broker-dealers in securities maintain a maximum ratio of indebtedness to liquid capital of 15 to 1; also called net capital rule and net capital ratio. Indebtedness covers all money owed to a firm, including margin loans and commitments to purchase securities, one reason new public issues are spread among members of underwriting syndicates. Liquid capital includes cash and assets easily converted into cash. UNIFORM PRUDENT INVESTOR ACT: The State of California has adopted this Act. The Act contains the following sections: duty of care, diversification, review of assets, costs, compliance determinations, delegation of investments, terms of prudent investor rule, and application. YIELD: The rate of annual return on an investment, expressed as a percentage. (a) INCOME YIELD is obtained by dividing the current dollar income by the current market price for the security. (b) NET YIELD or YIELD TO MATURITY is the current income yield minus any premium above par or plus any discount from par in purchase price, with the adjustment spread over the period from the date of purchase to the date of maturity of the bond. City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING DEPARTMENT REPORT TO: Financial Advisory Commissioners FROM: Karla Romero, Finance Director DATE: May 13, 2020 SUBJECT: FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES In addition to items presented as staff reports, the Finance Department would like to provide updates on the following matters. PERSONNEL UPDATE On February 18, 2020, the City Council approved the addition of one new Account Technician position for the Finance Department. This position will be primarily responsible for Accounts Receivables (AR) and will be supervised by Krystena Blondell, Accountant. The AR functions are currently decentralized among several department personnel. The position will increase the timeliness of posting payments, process billing, monitoring grant funds, verify all city cash transactions, participate in audits, and collaborate with internal and external stakeholders to ensure the City’s Cash Management Policy is adhered to. These functions require access to sensitive information and tasks such as bank accounts, cash handling, proper record keeping, auditing standards, and the financial system. Although the department has had several temporary employees over two years, their work has been limited in scope with these ongoing functions reserved for full-time employees. Due to COVID-19 budgetary impacts, the position remains unfilled and under review with the proposed l2020/21 budget. BANKING SERVICES UPDATE The transition from Wells Fargo to Bank of the West is nearly complete. The following products have been successfully implemented. • Cash vault deposit and ordering services • Payroll • Accounts payables • Credit card terminals and processing • Online payment processing systems DEPARTMENTAL REPORT ITEM NO. 1 • Implementation of City credit card program The City Finance Department is now focusing on: • The transition of the Housing Authority account • The transition of the SilverRock Golf Course account Full implementation of products is expected by June 2020. These additional services require coordination with external agencies and several city departments to ensure proper oversight and reporting. In addition to the implementation of new products, the City has also completed winding down activities with Wells Fargo including: • The transition of outgoing and incoming electronic payments from multiple merchant accounts and government agencies • Voiding and reissuing (when appropriate) all stale dated checks The Wells Fargo accounts remains open with limited funds deposited in the operating account and transactions limited to the Housing Authority and SilverRock. Both banks have been working closely with City staff and continue to provide services as needed. No services have been removed from Wells Fargo Bank and fees are limited to when activity occurs. In addition, fees have not changed for Wells Fargo. The City monitors bank balances daily and keeps a minimum amount of funding to cover anticipated monthly fees for both banks. The City has begun to close out services with Wells Fargo with a full closure expected by late 2020. City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING DEPARTMENT REPORT TO: Members of the Financial Advisory Commission FROM: Rosemary Hallick, Financial Services Analyst DATE: May 13, 2020 SUBJECT: FOURTH QUARTER 2019 (OCTOBER-DECEMBER) SALES TAX UPDATE FOR THE CITY OF LA QUINTA The attached report was prepared by consultants HdL Companies as an update of sales tax receipts for fourth quarter sales from October to December 2019. Sales Tax Update • The City’s sales-per-capita was higher than both the county and state averages. • General consumer goods (such as department stores) and restaurants/hotels made up 59% of sales tax revenue during this quarter, based on the unadjusted numbers. • La Quinta’s overall adjusted sales tax receipts for major industry groups increased 1.9%, which compares to Riverside County at +4.8% and Southern California at +4.4%. • Measure G Update • General consumer goods (such as department stores) and restaurants/hotels made up 63% of transaction tax revenue during this quarter. • The autos and transportation sector made up 12% of transaction tax revenue as opposed to 8% of sales tax revenue. • Our top 25 transactions tax producers predominately consisted of businesses located in La Quinta, however there were several businesses located outside of City limits that made the top 25. The City continuously monitors local development, economic conditions, impacts on travel and trade, and legislative and judicial news for any potential changes to sales tax collections. Attached is an April 2020 update regarding economic conditions as related to the COVID-19 pandemic and subsequent business closures due to state emergency orders. The City has made adjustments to the current fiscal year budget and next fiscal year projections based on known information, however these numbers are subject to modification based on the rapidly changing environment and will depend heavily on when the economy is reopened in full. Attachment 1: City of La Quinta Sales Tax Update Attachment 2: California Economic Forecast from HdL DEPARTMENTAL REPORT ITEM NO. 2 Sales Tax Update In Brief Top 25 producers In AlphAbetIcAl Order www.hdlcompanies.com | 888.861.0220 Q42019 La Quinta La Quinta’s receipts from Octo- ber through December were 1.9% above the fourth sales period in 2018. The largest increase this period came from the City’s allocation from the countywide use tax pool which swelled with new receipts from on- line retailers complying with AB 147. Spending on construction, fuel and various modes of transportation rounded out the gains. Partially dampening the gains were a drop in home furnishing activity while the rest of the general con- sumer goods group reported mixed but mostly lower receipts. Measure G generated $3,130,486 this period. When reporting issues are discounted, receipts are up 7.2% with the help of new taxes from online retailers complying with AB 147 and a rise in retail sales by the business and industry group. Net of adjustments, taxable sales for all of Riverside County grew 4.8% over the comparable time pe- riod while those of the entire South- ern California region were up 4.4%. City of La Quinta First Quarter Receipts for Fourth Quarter Sales (October - December 2019) Published by HdL Companies in Spring 2020 Arco AM PM Bed Bath & Beyond Best Buy Circle K Cliffhouse Costco G & M Oil Genesis/Hyundai of La Quinta Hobby Lobby Home Depot Kohls La Quinta Chevrolet & Cadillac La Quinta Resort and PGA West Lowes Marshalls Ross Stein Mart Target TJ Maxx Torre Nissan Tower Mart Ulta Beauty Verizon Wireless Vons Walmart Supercenter $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 SALES TAX BY MAJOR BUSINESS GROUP 4th Quarter 2018* 4th Quarter 2019* General Consumer Goods Restaurants and Hotels County and State Pools Building and Construction Autos and Transportation Fuel and Service Stations Food and Drugs Business and Industry *Allocation aberrations have been adjusted to reflect sales activity $4,710,470 $5,034,415 1,821 2,200 675,210 695,276 $4,033,440 $4,336,939 2019-202018-19 Point-of-Sale County Pool State Pool Gross Receipts REVENUE COMPARISON Two Quarters – Fiscal Year To Date (Q3 to Q4) Measure G $5,474,744 $5,365,027 ATTACHMENT 1 NOTESSales Tax UpdateQ4 2019 City of La Quinta $0 $2,000 $4,000 $6,000 $8,000 SALES PER CAPITA * La Quinta Q4 16 Q4 19 Q4 17 Q4 18 County California *Allocation aberrations have been adjusted to reflect sales activity 40% Cons.Goods 19% Restaurants 16% Pools 9% Others 8% Building8% Autos/Trans. La Quinta This Quarter*REVENUE BY BUSINESS GROUP *Allocation aberrations have been adjusted to reflect sales activity Q4 '19* La Quinta LA QUINTA TOP 15 BUSINESS TYPES** Business Type Change Change Change County HdL State*In thousands of dollars 2.9%1.4%-0.5% 212.2 Building Materials — CONFIDENTIAL — 1.8%3.8%3.5% 175.1 Casual Dining -1.7%-4.0%-0.7% 74.1 Department Stores — CONFIDENTIAL — 4.0%3.5%5.9% 660.9 Discount Dept Stores — CONFIDENTIAL — -5.1%-6.6%-4.0% 132.5 Electronics/Appliance Stores 2.0%1.3%7.2% 76.5 Family Apparel 0.1%-2.9%-1.9% 53.0 Fine Dining 1.1%1.3%1.1% 72.1 Grocery Stores -22.6%-2.1%-0.4% 76.4 Home Furnishings -1.3%-0.3%-5.7% 146.5 Hotels-Liquor — CONFIDENTIAL — -6.9%4.7%-1.4% 61.9 Leisure/Entertainment 1.0%-3.4%7.2% 181.3 New Motor Vehicle Dealers — CONFIDENTIAL — 4.1%1.9%3.6% 74.3 Quick-Service Restaurants 2.9%0.2%2.0% 111.0 Service Stations 1.7%-3.8%-3.0% 61.4 Specialty Stores 0.2%3.4%0.6% 9.5% 1.9% 2,369.2 438.7 2,807.9 Total All Accounts County & State Pool Allocation Gross Receipts 12.6%26.7% 4.8%4.2% ** Accounting aberrations such as late payments, fund transfers, and audit adjustments have been adjusted to reflect the quarter in which the sales occurred. California Overall Statewide sales and use tax receipts from 2019’s fourth quarter were 4.2% higher than last year’s holiday quarter after fac- toring for accounting anomalies. The increase came from the accelera- tion in online shopping which generated huge gains in the countywide use tax pools for merchandise shipped from out-of-state and from California based fulfillment warehouses in those cases where the warehouse is also point-of- sale. This segment was further boosted by the first full quarter of California’s implementation of the Wayfair vs South Dakota ruling that requires out-of-state retailers to collect and remit sales tax on merchandise sold to California custom- ers. The ruling has led to an increase in sales tax receipts of roughly $2.95 per capita while also producing double digit gains for in-state online fulfillment centers. In contrast, soft sales and closeouts resulted in a decline in almost every category of brick-and-mortar spend- ing during the holiday season while new cannabis retailers helped boost what would have been a soft quarter for the food-drug group. Most oth- er sales categories including new cars and business-industrial purchases were also down. Restaurant group gains were modest compared to previous quarters. Overall, the rise in county pool receipts offset what would have been otherwise, a flat or depressed quarter for most ju- risdictions. Covid-19 The coronavirus impact will first be seen in next quarter’s data reflecting January through March sales. Based on recovery rates being reported in some Asian countries, the virus’s disruption of supply chains will be deepest in the first and second quarter and largely resolved by mid-summer. However, recovery from social distancing and home confinements could take longer with the deepest tax declines expected in the restaurant/hospitality, travel/trans- portation and brick-and-mortar retail segments. Layoffs and furloughs are also expected to reduce purchases of new cars and other high cost durable goods. The losses from the state’s high-tech inno- vation industries may be more modest while the food-drug and online retail groups could exhibit increases. Assuming that the virus is largest con- tained by the end of September, HdL’s economic scenario projects that tax de- clines will bottom out in the first quarter of 2021 but with only moderate gains for several quarters after. Data from previous downturns suggests that the return to previous spending is not im- mediate and often evolves. Businesses emerge with ways to operate with fewer employees and more moderate capital investment. Consumers take time to ful- ly get back to previous levels of leisure travel, dining and spending and may permanently transfer to newly discov- ered services, activities and/or online retail options. Delivering Revenue, Insight and Efficiency to Local Government Since 1983 HdL provides relevant information and analyses on the economic forces affecting California’s local government agencies. In addition, HdL’s Revenue Enhancement and Economic Development Services help clients to maximize revenues. HdL serves over 500 cities, counties and special districts in California and across the nation. CALIFORNIA FORECAST SALES TAX TRENDS AND ECONOMIC DRIVERS APRIL 2020 REVISED Sierra Foothills, California ATTACHEMENT 2 FY 19/20 & 20/21 FORECAST CORONAVIRUS (COVID-19) Impacts on California Sales Tax The swift reaction by consumers and businesses to the outbreak of coronavirus (Covid-19) in the U.S. has caused a massive decrease in spending on certain goods and services. The national and state response combined with the uncertainty of how long the presence of the virus will disrupt the U.S. economy has made forecasting local government revenues particularly challenging. This forecast was developed in early April after numerous news updates detailing ”shelter-in-place” related impacts, comparisons to previous economic downturns like the Great Recession, studying the data, reports and projections of many industry specific analysts and monitoring various updates up to that time. The forecast assumes that the statewide ‘shelter-in-place’ directive will continue until the end of May 2020, although volume testing may allow health care agencies an understanding of the extent of the virus and implement more site specific containment actions that allow some businesses and schools to slowly reopen and return to work. Based on recovery reports from China and South Korea, our forecast still assumes that the virus will have run its course by the end of September, however it does not consider a return of the virus and potential economic impacts after the current period at this time. Under our ‘end of May’ scenario, declines in sales tax revenues are expected to continue through the fourth quarter of 2020 with only moderate gains for several quarters thereafter. With the most dramatic decreases expected during the first and second quarters of 2020, future comparisons to these periods will be positive. However, overall dollars will still be less than the same period in 2019 noting a prolonged flat rebound. Already marginal or overly leveraged businesses still may not survive a lengthy shutdown even with federal subsidies and our observation from previous downturns; the return to previous spending patterns after significant income interruptions is not immediate and often evolves. Consumers may now take even more time to fully get back to previous leisure travel, dining and discretionary spending habits. Businesses similarly may become more cautious about capital investment and the number of employees to hire after emerging from an economic crisis. Business travelers who had to resort to teleconferencing may continue to teleconference. Formerly avid brick-and-mortar shoppers may find that online shopping and delivery services suits them just as well. The percentage changes in HdL’s quarterly forecasts are statewide. Every local jurisdiction has its own distinctive sales tax demographics and business characteristics and the depth of the impact will vary. Further, as individual client budget forecasts are constructed, we will continue to monitor for subsequent economic changes that may have not been reflected in earlier forecasts. Given the unusual circumstances we are all living in today, we have modified the April 2020 HdL Consensus Forecast. We are providing broader explanations about two major ongoing events which impact fiscal year 2019/20 and 2020/21 statewide sales tax trends. As is our tradition, we also offer context that supports our major industry group projections. We trust this information communicates clearly a broad understanding of where sales tax revenue is headed, knowing these vital resources are essential to addressing your communities needs during these trying times. Autos/Transportation 1Q20 -12.0% | 2Q20 -55.0% | 2020/21 -6.3% Numerous industry observers including Cox and JD Power have predicted 80% or more declines in auto sales while Shelter-in-Place (SIP) regulations are in force, similar to reported results from Chinese auto dealers in February. Anecdotal reports indicate sales may now indeed be declining near that amount. Once showrooms are fully reopened, sales are expected to remain depressed as consumers suffer from lob losses and heightened levels of economic anxiety. Recent industry forecasts from ALG, JD Power, RBC and others predict new car sales decreases anywhere from 10 to 34% in 2020 overall. HdL is projecting a decrease of 25% for the auto/transportation category as a whole, exceeding the 20% worst annual decline seen in 2008 during the Great Recession. Building/Construction 1Q20 -7.0% | 2Q20 -40.0% | 2020/21 -0.1% Recent regional decision makers have put most construction on hold; the threat remains that jurisdictions outside the Bay Area will stop work for prolonged periods during the next 3 months. Supply chain issues are a problem but manageable in the near term. Some jurisdictions are having difficulty keeping up with required inspections with some handling it remotely or others allowing self-inspection. As the pandemic continues, permit levels will decline, leading to less work for future periods. Without government incentives, housing development is likely to dry up as the effects of growing unemployment further limit the pool of prospective buyers. Commercial projects, although holding entitlements and permits, may no longer pencil. Even if construction demand remains strong after the pandemic passes, existing capacity limits will throttle growth as crews must first deal with the growing backlog of work. HDL CONSENSUS FORECAST – APRIL 2020STATEWIDE SALES TAX TRENDS Business/Industry 1Q20 -15.0% | 2Q20 -30.0% | 2020/21 -5.4% Most categories within this group are expected to decline over next few quarters with the Coronavirus disruption of supply chains deepest in first and second quarters. Companies needing components for manufacture of consumer electronics, pharmaceuticals, machinery and trucks may be particularly impacted. Depending on inventory availability, there may be a temporary boost in the demand for food processing, medical, and telecommunication equipment and supplies. The major winner will be for industrial zoned fulfillment and logistics centers that also happen to be “point of sale” for the products that they ship. The Coronavirus quarantines are expected to accelerate the shift from brick and mortar stores to online shopping and produce double digit gains in those specific cases. Food/Drugs 1Q20 5.0% | 2Q20 5.0% | 2020/21 2.0% The current pandemic has not restricted access to grocery and drugs stores. While operational and safety modifications have occurred, consumers can still acquire household essentials at both chain and local establishments. Some products are in short supply, temporarily, as anxious shoppers acquire larger quantities of certain products. Cannabis businesses are also open and expected to perform fairly well, given the circumstances. The SIP mandates create expectations to merchandise from this group being delivered directly to homes or through curbside pickup. Fuel/Service Stations 1Q20 -10.0% | 2Q20 -50.0% | 2020/21 0.0% As a result of COVID-19, the consumption of fuel, have either slowed or stopped. The combination of strong supply and weak demand for fuel has pushed oil barrel prices down to historically low levels. Fuel prices in California are now averaging less than $3 per gallon. With lower prices and less fuel being consumed because of SIP restrictions, taxes generated are expected to significantly drop in the second quarter of 2020 and remain down until the middle of the first quarter of 2021. Oil prices should then increase into the range of $45 to $55 per barrel toward the end of 2021 and into 2022. However, oversupply may keep gas prices relatively low and moderate potential sales tax recovery. HdL Companies | hdlcompanies.com TOTAL 1Q20 -7.5% | 2Q20 -36.1% | 2020/21 -1.5% HDL CONSENSUS FORECAST – APRIL 2020STATEWIDE SALES TAX TRENDS General Consumer Goods 1Q20 -15.0% | 2Q20 -45.0% | 2020/21 -2.5% Core retail sales are expected to see significant drops as society practices social distancing measures to combat the spread of COVID-19 at the recommendation of health professionals and government leaders. With SIP orders expected to continue well into the second quarter of 2020, the effect on consumer spending and retail sales are expected to be extremely disturbed. Shuttered malls, shopping centers and retailer stores all will be adversely impacted. State and federal programs are being set up to assist small businesses to temper short term cash flow declines and permanent closures. While the immediate fallout subsides, brick and mortar retail sales are expected to be bleak into the summer months. As consumer confidence drops and employment woes set in, the effects are projected to negatively impact discretionary spending throughout the remainder of 2020. Restaurants/Hotels 1Q20 -10.0% | 2Q20 -60.0% | 2020/21 -6.5% The restaurant industry is reporting 65% drops in revenue and the hotel industry is reporting drops of over 85% due to the COVID-19 shelter-in-place. Restaurants and other facilities that prepare and serve food are restricted to delivery or take-out. Consumers are shifting their food spending to groceries as quarantines continue, which could impact the long- term outlook for the sector if dining habits change. After the shelter-in-place is lifted, dining rooms are expected to operate at reduced capacity for continued social distancing. This industry is very vulnerable to closure given the already increasing tight operating margins and staff costs pre virus impacts. Most major hotels have laid off most of the staff, while others have announced they will temporarily shut down. HdL Companies | hdlcompanies.com TOTAL 1Q20 -7.5% | 2Q20 -36.1% | 2020/21 -1.5% State and County Pools 1Q20 15.0% | 2Q20 10.0% | 2020/21 7.3% This is one segment that is expected to stay positive, even in the midst of the virus crisis. The primary driver is the coincidental arrival of new out of state taxes; early results from the Wayfair decision implementation, which launched in the second quarter of 2019 under AB147, added new revenues at the State and local level. The marketplace facilitator phase started October 1st; current and next year forecasting comprises Wayfair’s total impact on anticipated use taxes distributed via the countywide pools. Online shopping surged in March as buyers complied with crowd avoidance mandates; some chose to stock up early expecting weeks of limited store access. Going forward, spending will be focused on high priority necessities, balanced against available retailer inventories and rapid increases in unemployment which shrinks overall purchasing capacity. Proposition 172 projections vary from statewide Bradley-Burns calculations due to the state’s utilization of differing collection periods in its allocation to counties. HdL forecasts a statewide decrease of -8.19% for Fiscal Year 2019/2020 and -1.82% in 2020/2021. NATIONAL AND STATEWIDEECONOMIC DRIVERS Beacon Economics | BeaconEcon.com U.S. Real GDP Growth 0.1% | 2.0% The current state of affairs in the global and U.S economy is unlike anything experienced in modern times, and like many forecasting organizations, Beacon Economics is working to fully grasp the scope of what is happening and exactly how it might shift the economic outlook. There are many potential outcomes to this crisis. And while it is easy to underestimate the resilience of the U.S. economy, that does not diminish the risks posed by the worldwide Coronavirus (Covid-19) pandemic – it is the greatest threat to the nation’s economic expansion in over a decade. Despite it all, it is by no means fait accompli that the U.S. economy is about to fall into a recession of any scale, much less a major one At the center of the uncertainty are the actions being taken by businesses, consumers, and regulators to contain the disease. There have been wholesale cancelations of conferences, travel, sporting events, live entertainment, and really any forum in which large groups of people gather. Public health mandates, both voluntary and otherwise, have led many businesses to implement short run work-from-home policies for their employees and caused restaurants and bars across the nation to close temporarily. This sudden halt in economic activity will create turmoil in the economy in the coming weeks and it is highly likely that the U.S. economy will experience negative growth in the second quarter. But if the shock is short lived enough, the economy will catch up, possibly with a positive third quarter that makes up for much of the loss in the second. U.S. Unemployment Rate 5.0% | 3.4% The March employment numbers will surely be grim. Initial unemployment claims are already crashing some state’s computer systems due to demand and will likely jump more quickly than ever before. Many businesses will continue to operate but will experience a loss in productivity driven by absent employees and the basic complications of unexpected work-from-home policies. But as dramatic as these changes are, such a shock is not necessarily recession causing. As long as current public health measures are sufficient to prevent the Coronavirus from becoming truly widespread across the nation, it is business delayed rather than business cancelled. CA Total Nonfarm 1.5% | 1.3% Employment Growth The fourth quarter of 2019 marked the end of ten years of strong expansion for the California economy. Over the course of the past decade, nearly 3.5 million nonfarm jobs were added to the state, at a growth rate of 23%. In the preceding decade, fewer than one-quarter of a million jobs were added to California’s economy, a growth rate of 1.5%. However, the state is in a different economic reality than before the COVID-19 pandemic hit. The California economy does enter this crisis from a position of strength. CA Unemployment Rate 4.0% | 4.0% The big unknown is how long the shock to the economy will last. The CDC has recommended that public gatherings of more than 50 people cease for 8 weeks. In addition, we know that university closures will last for many months. While university employees will be paid, many businesses surrounding universities will be adversely affected as staff and students are their primary source of income. Coupled with federal stimulus, and a resumption of some semblance of normalcy within a couple of months, immediate economic hardship could be somewhat temporary, with consumption deferred to a later period. But those dark clouds could turn into a storm for the state’s economy if this unprecedented draw down in peacetime consumption endures into the summer. CA Median Existing $532,216 | $564,823 Home Price The state’s strong fourth quarter paints a picture that is a far cry from the beginning of the year when the stock market had just seen a major correction, there was anxiety about trade uncertainty, and forecasts about a national and global slowdown were coming from all quarters. Unfortunately, the anxiety has returned due to the COVID-19 pandemic. Home prices won’t drop under our baseline scenario, but the likelihood of them being affected continues to I crease the longer the situation drags on. CA Residential 126,449 | 131,572 Building Permits The number of housing permits issued in the state peaked in the first quarter of 2018 and has trended lower since then. Even before this downturn, the state was in the midst of a housing shortage. As the shortage persists, it will create two primary effects. First, it will put upward pressure on housing prices, exacerbating affordability problems, and second (relatedly), it will shape the nature of the state’s labor force. 2020/21 | 2021/22 Beacon Economics Southern California Office 5777 West Century Boulevard, Suite 895 Los Angeles, CA 90045 Telephone: 310.571.3399 Fax: 424.646.4660 Beacon Economics has proven to be one of the most thorough and accurate economic research/analytical forecasting firms in the country. Their evaluation of the key drivers impacting local economies and tax revenues provides additional perspective to HdL’s quarterly consensus updates. The collaboration and sharing of information between Beacon and HdL helps both companies enhance the accuracy of the work that they perform for their respective clients. City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING DEPARTMENT REPORT TO: Members of the Financial Advisory Commission FROM: Monika Radeva, City Clerk DATE: May 13, 2020 SUBJECT: EXTENDING TERM LIMITS OF MEMBERS SERVING ON CITY BOARDS, COMMISSIONS, AND COMMITTEES FOR ONE ADDITIONAL YEAR DUE TO NOVEL CORONAVIRUS DISEASE (COVID-19) Annually, the City conducts recruitment to fill vacancies on its boards, commissions, and outside agencies committees between April and June; for 2020 the City will have a total of 16 vacancies. Due to the COVID-19 pandemic, safety precaution guidelines have been imposed by the Riverside County Public Health Officer and the Governor of California to prevent the transmittal of COVID-19, specifically prohibiting public gatherings of 10 individuals or more, and “stay at home” order, issued on March 16 and 19, respectively. Considering the current situation and circumstances, Council discussed this matter at the April 7, 2020 regular meeting, and expressed general support to extend members' terms for one additional year. The item was presented to Council at the April 21, 2020 regular meeting and approved unanimously. The adopted resolution will extend all current members’ terms serving for a period of one additional year as shown below. DEPARTMENTAL REPORT ITEM NO. 3 W. Richard Mills Term Expires June 30, 2021 Daniel Twohey Term Expires June 30, 2021 George Batavick Term Expires June 30, 2022 Corry Hunter Term Expires June 30, 2021 Steven Rosen Term Expires June 30, 2021 John F. Hoffner Term Expires June 30, 2023 Vacant Term Expires June 30, 2023 POWER POINTS FAC MEETING MAY 13, 2020 05/13/20 1 Financial Advisory Commission Regular Meeting 05/13/2020 Financial Advisory Commission Meeting 05/13/2020 Business Session Item No. 1 Receive and File the Comprehensive Annual Financial Report for Year Ending June 30, 2019 1 2 05/13/20 2 CAFR Content Major Events •Transmittal letters • Management discussion and analysis Financial Statements • Balance sheets, statement of net position & cash flows • Budgetary comparison schedules English Please • 19 Notes • Statistical section, 10‐year comparison •Clean audit opinion •General Fund reserves increased •Lower outstanding debt •All new financial regulatory requirements have been implemented •Extended disclosures and notes provided for: –RDA loan repayment, Extraordinary Item $993,148 –Interfund loans write‐offs, Special Item $15,017,126 –Pension and OPEB trusts, new disclosures added 3 4 05/13/20 3 Governmental Fund Balances Category General Fund All Other Funds Total Funds Non‐Spendable $ 33,683,942 $ 386 $ 33,684,328 Restricted 6,540,000 44,815,499 51,355,499 Committed 31,745,000 ‐ 31,745,300 Assigned 29,439,978 ‐ 29,439,978 Unassigned 16,228,627 (1,931,951) 14,296,676 Total $ 117,637,847 $ 42,883,934 $ 160,521,781 Prepaid Costs $ 37,182 Land held for resale 5,730,990 RDA Loan 27,915,770 NEW Pension Trust $ 6,540,000 Housing Funds 22,041,197 Restricted Funds 22,774,302 Governmental Fund Balances Category General Fund All Other Funds Total Funds Non‐Spendable $ 33,683,942 $ 386 $ 33,684,328 Restricted 6,540,000 44,815,499 51,355,499 Committed 31,745,000 ‐ 31,745,300 Assigned 29,439,978 ‐ 29,439,978 Unassigned 16,228,627 (1,931,951) 14,296,676 Total $ 117,637,847 $ 42,883,934 $ 160,521,781 Natural Disaster $ 10,000,000 Economic Disaster 11,000,000 Cash Flow Reserve 5,000,000 Capital Replacement 5,000,000 Operational Carryovers 745,300 Fire Services $ 9,864,841 Sales Tax (Measure G) 7,721,975 Capital Projects 11,853,162 5 6 05/13/20 4 Long‐Term Debt Debt Type 2017‐18 2018‐19 Capital Leases $ 667,035 $ 787,971 Compensated Absences 823,842 941,955 Land Acquisition 1,125,000 ‐ Revenue Bonds 650,000 ‐ Pension Liability (NEW)12,612,523 12,403,691 Total $15,878,400 $14,103,617 Pension Trust $ 6,540,000 19‐20 Contribution 3,460,000 Total Trust Balance 10,000,000 Pension Liability $ 2,403,691 Major Infrastructure Investments •Washington Street Apartments $8,380,000 •Citywide Drainage Improvements $1,545,000 •Madison St. Widening (Ave. 50‐52) $1,508,000 •Pavement Management $1,075,000 •Landscape Improvements $672,000 7 8 05/13/20 5 Comments & Questions Financial Advisory Commission Meeting 05/13/2020 Business Session Item No. 2 Receive and File the Third Quarter Treasury Reports for January, February, and March 2020 9 10 05/13/20 6 Portfolio Summary as of March 31, 2020 Treasury Rates and Portfolio Returns 11 12 05/13/20 7 Historic 5-Yr Treasury Rate YTD Portfolio Performance YTD Total Earnings reflects total portfolio earnings (with the exception of the pension and retirement trust funds) and is not assigned only to the General Fund. Housing LAIF interest remains with the Successor Agency 2011 Low/Mod Housing Bond Fund. All other interest is allocated quarterly to funds based on month end cash balances. 13 14 05/13/20 8 Projections Projections do not include required GASB 31 mark‐to‐market adjustments made annually in June. Projections subject to change based on the yields on balances held in liquid accounts such as CAMP and LAIF, which are highly dependent on short‐term interest rates. 15 16 05/13/20 9 Financial Advisory Commission Meeting 05/13/2020 Business Session Item No. 3 Appoint Two Commissioners to Serve the Review and Selection Committee for Request for Proposals for Federal Emergency Management Agency Project Administration Services FEMA Consulting Services RFP •Issued on April 24, 2020 •Deadline to respond is May 15, 2020 •Zoom interviews May 26‐27, 2020 •Recommend two FAC members to review RFP’s and select recommended consultant 17 18 05/13/20 10 Financial Advisory Commission Meeting 05/13/2020 Business Session Item No. 4 Review and File Fiscal Year 2019/20 Third Quarter Budget Report 2019/20 Fiscal Impacts Revenue Loss $7,050,000 Expenses Reductions $2,756,900 7,050,000$ Revenue Losses (2,756,900) Expense Reductions (1,008,932) Budget Surplus (1,400,000) Measure G Reserves 500,000 COVID-19 Expenses 300,000 SilverRock Expenses 2,684,168$ Budget Deficit 2,700,000 Use of Reserves 15,832$ Budget Surplus 19 20 05/13/20 11 General Fund Reserves $1,500,000 Small Business Economic Relief Program $2,700,000 Operating Expenses Reserve/Trust Reserve Target Current Balance Use of Reserves Amended Reserves Emergency Reserves Natural Disaster 10,000,000 10,000,000 - 10,000,000 Economic Disaster 11,000,000 11,000,000 (4,200,000) 6,800,000 Cash Flow Reserve 5,000,000 5,000,000 - 5,000,000 Capital Replacement 10,000,000 6,540,000 - 6,540,000 Total Reserves 36,000,000 32,540,000 (4,200,000) 28,340,000 Pension Trust Fund 10,000,000 10,000,000 - 10,000,000 Unassigned Reserves 10,000,000 10,993,823 - 10,993,823 Overall Total 56,000,000 53,533,823 (4,200,000) 49,333,823 Measure G Sales Tax Update •Revenues lowered by $1,400,000 •Reserve allocation lowered to $516,400 •Operational & Capital funding remain preserved •Anticipated reserves $7,438,375 21 22 05/13/20 12 Questions & Comments Financial Advisory Commission Meeting 05/13/2020 Study Session Item No. 1 Discuss Projects to Include in the 2020/21 Through 2024/25 Capital Improvement Program 23 24 05/13/20 13 CIP Process Timeline Community Workshop – January 11, 2020 Executive Team Meetings and Review CIP Preparation COVID-19 Impact Revisions City Council CIP Study Session – April 7, 2020 FAC Team Review & Analysis CIP Adoption – Public Hearing June 16, 2020 FY 2020/21 through FY 2024/25 CIP Revenue Summary Comparison •Revisions due to COVID -19 impacts •Project prioritization and evaluation •Measure G revenue projections •Funding sources & revenue stream changes FUNDING SOURCE LEGEND Measure G Funded General Fund SB1 or Measure A Funded Grant and/or CVAG Funded DIF Funds or Other Special Funds PRIORITY RATING CRITERIA LEGEND Low Project could be shifted to next fiscal year without major impacts. No funding constraints or match requirements. Medium Ongoing project needing additional funding, community priority, or important for maintenance efforts. High Critical to keep project funded. Needed to maintain grant funding, maintenance of effort or matching funds. 25 26 05/13/20 14 Project # Project Description Original Budget Revised Budget Variance Change Priority Rating FY 2020/2021 2021ADA ADA Accessible Ramps - Various Locations 20,000 20,000 0 0 High 2021CPM Citywide Preventative Maintenance Plan Improvements 100,000 50,000 -50,000 -50% High 2021PMP Pavement Management Plan Street Improvements 1,000,000 1,000,000 0 0 High 2021STI Sidewalks - Various Locations 55,000 55,000 0 0 High 2021TMI Citywide Traffic Signal Maintenance Improvements 205,000 205,000 0 0 High 201503 La Quinta Village Complete Streets - A Road Diet Project 692,230 112,000 -580,230 -84% High 201509 Xpark Landscape - 275,000 275,000 100% Medium 201512 Citywide Drainage Enhancements 1,177,000 477,000 -700,000 -59% Medium 201603 La Quinta Landscape Renovation Improvement 1,408,356 - -1,408,356 -100% Low 201702 Developer Reimbursement for DIF Eligible Improvements 400,000 400,000 0 0% Medium 201804 Landscape and Lighting Median Island Improvements 500,000 100,000 -400,000 -80% Medium 201805 Corporate Yard Administrative Offices and Crew Quarters 2,773,000 - -2,773,000 -100% Low 201902 Avenue 50 Bridge Spanning the Evacuation Channel 13,428,500 13,428,500 0 0% High 201905 Highway 111 Corridor Area Plan Implementation 1,000,000 250,000 -750,000 -75% Medium 202001 Monroe Street Pavement Rehabilitation (Ave 52 to Ave 53, and Near Ave 61)941,000 941,000 0 0 Medium 202002 Citywide Miscellaneous ADA Improvements 121,890 121,890 0 0 High 202003 Citywide Public Safety Camera System 1,000,000 1,000,000 0 0 Medium 202004 SilverRock Event Space 700,000 - -700,000 -100% Low 202005 City Hall Rehabilitation 100,000 - -100,000 -100% Low Transportation Projects •2020/21 PMP - Washington Street Rehab –Grind and overlay –Washington St. from Calle Tampico to Sagebrush –Final year of current 5-Year PMP •La Quinta Village Complete Streets –Construction underway –5 roundabouts –Room for pedestrian, bicycles and golf carts 27 28 05/13/20 15 La Quinta Village Complete Streets Transportation Projects •Avenue 50 Bridge Spanning the Evacuation Channel –Replace low water crossing –4 Lane all weather bridge •Monroe Street Pavement Rehabilitation –Avenue 52 to Avenue 53 –Near Ave 61 29 30 05/13/20 16 Drainage Improvements •Citywide Enhancements –Calle Tampico from Eisenhower Drive to Washington Street and Dune Palms Road –Minimum 150-year storm protection Parks and Facilities Projects •Landscape & Lighting Median Island Improvements –Refurbish southern parkway over 5 years –Utilizing current landscape contractor and staff •X-Park Landscape –Includes X-Park and Dune Palms Retention Basin –Desert efficient landscape palette 31 32 05/13/20 17 Parks and Facilities Projects •Citywide Public Safety Camera System –Installation of public safety camera system –Various intersections and parks •Landscape Renovation –Renovate northern parkway over 5 years –Shift funding to FY 2021/22 –Design and construction still underway 5 Year Landscape Renovation Plan 33 34 05/13/20 18 Landscape Renovation Projects Other CIP Projects •Highway 111 Corridor Area Plan Implementation •Citywide Miscellaneous ADA Improvements 35 36 05/13/20 19 DIF Reimbursements •Pay down existing obligations –In lieu of approving new Transportation DIF Projects –$400,000 per year –Anticipated completion: 2028/29 Projects on the Horizon •Dune Palms Pavement Rehab (2021/22) –Fred Waring Drive to Miles Avenue •Fred Waring Pavement Rehab (2021/22) –Washington Street to Palm Royale Drive •Corporate Yard Admin Offices and Crew Quarters (2021/22) –Phase 2 Design of Corporate Yard Facility 37 38 05/13/20 20 Financial Advisory Commission Meeting 05/13/2020 Study Session Item No. 2 Discuss Fiscal Year 2020/21 Preliminary Proposed Budget Report 39 40 05/13/20 21 FY 2020/21 Budget Schedule Jan. 11 – Community Workshop April 7 ‐ CIP – City Council May 5 – City Council May 6 – Housing Commission May 13 – Financial Commission May 19 – City Council June 2 – City Council June 3 – Financial Commission June 16 – City Council, Adoption Revenue Projections •Confirmed & leveraged grant sources •Expert consultants ‐ property & sales taxes •Transient Occupancy Taxes ‐ engaged partners •Did not include two concert events •Decline in permit and license revenues •Anticipate a slow gradual recovery during of next fiscal year. 41 42 05/13/20 22 General Fund Revenues 12% reduction from 2019/20 Original Budget General Fund Revenues 2019/20 Original 2019/20 Current Variance Original vs Current 2020/21 Proposed Variance Current vs. Proposed % Change Taxes 45,530,600 40,115,600 (5,415,000) 38,616,000 (1,499,600) -4% License & Permits 1,315,400 1,346,400 31,000 1,136,800 (209,600) -16% Intergovernmental 8,561,600 8,572,269 10,669 8,471,900 (100,369) -1% Charges for Services 999,800 999,800 - 785,500 (214,300) -21% Fines & Assessment 276,500 276,500 - 290,000 13,500 5% Other/Misc. 1,163,300 1,564,300 401,000 1,438,100 (126,200) -8% Total Revenues 57,847,200 52,874,869 (4,972,331) 50,738,300 (2,136,569) -4% Wrangling the Unknowns •Budget will require even more monitoring •Multiple unknown Covid‐19 impacts –When & What will the new normal be? –Will tourism bounce back & at what rate? –Will large events occur before a long‐term solution? 43 44 05/13/20 23 Expenses, what has been done? •Reduced –Consultant services –Travel and training •Postponed for later –Non‐mandated projects –Vacant position hiring freeze •Ensure continuity of critical services & systems Expenses, what is being considered? •Monitoring & Responding –Restrictions & expenses from COVID‐19 –Community & employee safety •Evaluating –Staffing levels –Capital improvement projects –Non‐critical & non‐contractual expenses •Labor negotiations underway 45 46 05/13/20 24 General Fund Expenditures 2019/20 Original 2019/20 Current Variance Original vs Current 2020/21 Proposed Variance Current vs. Proposed % Change City Council 308,700 294,700 (14,000) 292,000 (2,700) -1% City Manager 883,500 861,975 (21,525) 725,100 (136,875) -16% Marketing & Community Relations 1,301,600 1,338,469 36,869 1,129,800 (208,669) -16% City Attorney 505,000 565,000 60,000 565,000 - 0% City Clerk 623,700 580,530 (43,170) 643,600 63,070 11% Human Resources 617,200 537,000 (80,200) 555,900 18,900 4% Police 16,866,100 16,396,100 (470,000) 17,508,100 1,112,000 7% Fire 7,663,600 8,254,300 590,700 8,013,900 (240,400) -3% Community Resources Admin. 911,400 912,650 1,250 700,600 (212,050) -23% Wellness Center Operations 796,400 725,720 (70,680) 735,800 10,080 1% Recreational Programs & Events 559,800 633,130 73,330 501,600 (131,530) -21% Code Compliance/Animal Control 1,346,300 1,279,600 (66,700) 1,352,200 72,600 6% Parks Maintenance 2,330,900 2,155,800 (175,100) 1,899,500 (256,300) -12% Public Buildings 1,109,900 1,142,200 32,300 1,321,700 179,500 16% Public Works Administration - - - 722,800 722,800 0% Public Works Dev. Services 619,900 566,500 (53,400) 389,600 (176,900) -31% Streets 74,500 72,000 (2,500) 489,100 417,100 579% Engineering Services 1,229,200 1,198,865 (30,335) 830,700 (368,165) -31% Design & Development Admin. 986,300 952,300 (34,000) 665,600 (286,700) -30% Planning 536,200 591,000 54,800 519,100 (71,900) -12% Building 983,100 899,100 (84,000) 939,000 39,900 4% The Hub 1,150,100 1,012,100 (138,000) 1,089,500 77,400 8% Finance 1,253,200 1,256,400 3,200 1,386,700 130,300 10% Centralized Services 2,403,300 3,127,395 724,095 2,255,700 (871,695) -28% Transfers Out (CIP/Other Funds)*10,578,600 23,856,657 13,278,057 4,080,000 (19,776,657) -83% Total Expenditures 55,638,500 69,209,491 13,570,991 49,312,600 (19,896,891) -29% Internal Service Funds •4 funds providing citywide services •Majority of revenues derived from the General Fund based on employee & equipment allocations Fund FY 19/20 Current FY 20/21 Proposed Variance Equipment Replacement 1,539,037 902,500 (636,537) Information Technology 1,980,600 1,685,800 (294,800) Park Equipment 975,036 595,000 (380,036) Insurance Fund 870,500 881,700 11,200 5,365,173 4,065,000 (1,300,173) 47 48 05/13/20 25 Where we stand today? Measure G Sales Tax Revenue 8,700,000$ Police Services (3,850,000) Capital Improvements (525,000) Available for Appropriation 4,325,000$ MEASURE G SALES TAX SUMMARY Revenue 50,738,300$ Less Operating/CIP Expenses (49,312,600) Preliminary Budget Surplus 1,425,700 Less Measure G Reserves (4,325,000) BUDGET DEFICIT (2,899,300)$ GENERAL FUND FY 2020/21 PROPOSED BUDGET SUMMARY General Fund Reserves Reserve/Trust Reserve Target Current Funding Over/(Under) Funded Annual Target Emergency Reserve Natural Disaster 10,000,000 10,000,000 - 1,500,000 Economic Disaster 11,000,000 6,800,000 (4,200,000) 1,000,000 Total 21,000,000 16,800,000 (4,200,000) 2,500,000 Cash Flow Reserve 5,000,000 5,000,000 - - Capital Replacement 10,000,000 6,540,000 (3,460,000) 1,000,000 Total Reserves 36,000,000 28,340,000 (7,660,000) 3,500,000 Pension Trust Fund 10,000,000 10,000,000 - 1,000,000 Unassigned Reserves 10,000,000 10,993,823 993,823 - Overall Total 56,000,000 49,333,823 (6,666,177) 4,500,000 49 50 05/13/20 26 What’s next? •Expect changes & updates •Continue to gather resident feedback •Evaluating: –Additional expense reductions –Use of Measure G funds –Use of reserves Questions, Discussion, Comments May 6, 2020 – 2020/21 Budget Study Session with Housing Commission May 13, 2020 – 2020/21 Budget Study Session #1 with FAC May 19, 2020 – 2020/21 Budget Study Session #2 with City Council 51 52 05/13/20 27 Financial Advisory Commission Meeting 05/13/2020 Study Session Item No. 3 Discuss Fiscal Year 2020/21 Investment Policy Overview of Recommendations •Certified Policy •Incorporates State guidelines & recommendations from certification review •Clarified diversification, Section X •Reference State Treasurer guidelines •Section XVI and Appendix C – minor edits 53 54 05/13/20 28 Financial Advisory Commission Meeting 05/13/2020 Departmental Report Item No. 1 Finance Department Current and Future Initiatives 55 56 05/13/20 29 Financial Advisory Commission Meeting 05/13/2020 Departmental Report Item No. 2 Fourth Quarter 2019 (October-December) Sales Tax Update for the City of La Quinta Financial Advisory Commission Meeting 05/13/2020 Departmental Report Item No. 3 Extending Term Limits of Member Servicing on City Boards, Commissions, and Committees for One Additional Year Due to Novel Coronavirus Disease (COVID-19) 57 58 05/13/20 30 New Terms for Current Commissioners FAC Commissioner: Term Expires: W. Richard Mills June 30, 2021 Daniel Twohey June 30, 2021 George Batavick June 30, 2022 Corry Hunter June 30, 2021 Steven Rosen June 30, 2021 John F. Hoffner June 30, 2023 Vacant June 30, 2023 Financial Advisory Commission Meeting 05/13/2020 Commissioner Items: 1. Subcommittee Updates for Capital Improvement Projects, FEMA, Business Loan Program 2. Commission Engagement Strategy to Allow Ability to Act Proactively Versus Reactively 59 60 05/13/20 31 The Financial Advisory Commission Will be having a Special Meeting on June 3, 2020 61 62 HAND OUTS FAC MEETING MAY 13, 2020 FINANCIAL ADVISORY COMMISSION TASK FORCE REPORT ON FEMA (FEDERAL EMERGENCY MANAGEMENT AGENCY) TO THE COMMISSION - MAY 8, 2020 MEMBERS: CORRY HUNTER AND DANIEL TWOHEY The Robert T. Stafford Disaster Relief and Emergency Assistance Act, as Amended (Stafford Act), authorizes the President to provide federal assistance when the magnitude of an incident exceeds local government capabilities to respond or recover. Such is the case with the COVID- 19 impact on the City of La Quinta. Karla Romero on March 7 briefed the City Council on FEMA and its requirements. FEMA is extremely bureaucratic with a myriad of restrictions, orders and regulations. Reimbursement is only allowed for local jurisdictions and can’t be combined with a state or regional submission. Every single agency must adhere to their own jurisdiction’s regulations, meaning each city will have its own unique submission. FEMA will reimburse up to 75% of covered expenses. The City estimates up to $500,000 in expenses would be eligible for FEMA reimbursement. These expenses must be clearly identified, not covered in the City budget and only performed to combat the impact of the COVID-19 virus. All expenses must be reasonable and necessary by FEMA standards not the local jurisdiction. Some of the City expenses covered include losses not covered by insurance, material purchased to combat the COVID-19 virus, EOC costs, expenses for FIND, the local food bank, training for this specific event, disinfecting of public parks, incremental technical assistance used for communications that address the COVID-19 virus, protective equipment, enhanced law enforcement in addition to routine effort, and employee overtime cost. Some items not reimbursable include revenue losses and property tax losses. Funds are distributed by FEMA to the state and the state pays the local agency. FEMA pays on orders or regulations the City has issued as well as policies already in place. The agency receiving the funding must comply with all federal regulations. Due to heavy demand from other organizations, funds likely will be delayed and not be received until FY 2020/2021. FEMA documentation requirements are extensive. Their forms require submission of all effort in fighting the virus, including every staff report, every meeting, every email, meeting minutes, or executive order. Completing these forms is an extremely time consuming activity. The Finance department does not have the resources to dedicate for this extensive process. Consequently, the City has decided to hire a consulting firm to process the FEMA reimbursement. Consultant costs are estimated at $200,000. Consulting services would also quality for the 75% reimbursement through FEMA. With an estimated reimbursement of approximately $500,000, La Quinta could see a net reimbursement of approximately $375,000. FAC Task Force members feel contracting this service is a wise use of resources. HANDOUT FOR BUSINESS SESSION NO.3 FINANCIAL ADVISORY COMMISSION BUDGET TASK FORCE REPORT TO THE COMMISSION MAY 7, 2020 MEMBERS; JOHN HOFFNER, GEORGE BATAVICK AND DANIEL TWOHEY FAC Committee Budget Review Methodology 1.Independently reviewed all staff work performed on CIP budget analysis and recommendations covering fiscal years 20/21 - 24/25. Primary review emphasis was placed on CIP budget revisions made during the first two fiscal years. 2.Requested and reviewed summarized “before/after” CIP comparisons by project by dollar amount by fiscal year to evaluate the magnitude and timing of revisions which staff recommended to CIP appropriations. 3.Requested and reviewed CIP outside funding sources by project by fiscal year to assess the likelihood of receiving such funds to support projects being planned. 4.Requested and reviewed the project prioritization methodology used by staff to formulate their conclusions and make recommendations on revisions to CIP appropriations by fiscal year. 5.Held three full-team conference calls to discuss materials provided, staff’s project prioritization methodology, and staff’s conclusions and recommendations on revisions to CIP appropriations by fiscal year. 6.Held three FAC-only conference calls to discuss these same topics, and formulate our independent conclusions and recommendations. 7.Performed an independent review of each CIP project over the first two fiscal years to determine if the FAC had any additional dollar and timing revisions to recommend. FAC Committee Conclusions 1.Noted that the revisions recommended in CIP appropriations by fiscal year were as follows: -$7.2 mm in 20/21, -$2.7 mm in 21/22, +$6.8 mm in 22/23, -.$.5 mm in 23/24, and +$.2 mm in 24/25. 2.Noted that the cumulative total revisions in CIP appropriations over the five fiscal years were -$3.4 mm, a net reduction of 6%. 3.Noted that in the first two fiscal years, CIP appropriations were reduced by $9.9 mm, approximately 25%. 4.Noted that in the third fiscal year, CIP appropriations were increased by $6.8 mm, indicating that a majority of the savings achieved in the first two fiscal years was deferred to year three. 5.Concluded that the project prioritization methodology used by staff to form conclusions and make recommendations on revisions to CIP appropriations was objective, reasonable, and effective. Concluded that the methodology preserved the City’s most critical capital projects, while reducing and deferring projects of a more discretionary nature. HANDOUT FOR STUDY SESSION NO.1 FINANCIAL ADVISORY COMMISSION BUDGET TASK FORCE REPORT TO THE COMMISSION MAY 7, 2020 MEMBERS; W. RICHARD MILLS AND STEVEN ROSEN The Financial Advisory Commission Budget Task Force was formed to provide the entire Commission with detailed insight respecting the Proposed 2019/2020 Budget Adjustments and the 2020/2021 Budget Proposal prepared by the City of La Quinta Finance Department under the leadership of Karla Romero. The Task Force understood that the Mission Statement was to meet with the Finance Department Staff and obtain a thorough understanding of the assumptions utilized in the budget recommendations by challenging and then validating their proposals and protocols. The Task Force accomplished this by meeting, by Zoom, with Karla Romero and Claudia Martinez on three separate occasions. The meetings focused upon revenue projections, expense reductions and increases, Internal Service Fund allocations, payroll projections and variances and Measure G. The data discussed and analyzed was contained in a 95-page document. There was a consensus that short term revenue projections should be conservative and supported by outside and independent forecasts, that short term expenses should be reduced to the extent possible without jeopardizing the level of service to the community and that short and long term CIP Projects should be deferred unless there is a compelling reason not to. The foregoing consensus was founded upon the difficulty and uncertainty of assessing the fragile nature of the future economy. It is also recommended that the ongoing process of budget development should be closely monitored in conjunction with the Financial Advisory Commission as an added resource to the already competent City Financial Department. Accordingly, the Task Force has concluded that the presentation by the Finance Department to the City Council on May 5, 2020 under Study Session I entitled “Discuss Fiscal Year 2020/2021 Preliminary Proposed Budget” precisely accomplished the foregoing and thus has the full support of the Task force as presented. HANDOUT FOR STUDY SESSION NO.2 6. Concluded that amounts expected to be received from outside funding sources were reasonable but need to be closely monitored. 7. Concluded that the FAC had no additional recommendations on staff-proposed revisions to the dollar amounts and timing of CIP appropriations by project in the first two fiscal years. 8. Final conclusion was that the revisions to CIP appropriations recommended by staff for FY 20/21 and FY 21/22 (-$9.9 mm at -25%), were reasonable and appropriate, and were fully responsive to the City’s needs and guidance. FAC Committee Recommendations 1. That the Financial Advisory Commission and the City Council should approve as recommended by staff the revisions to CIP appropriations over FY 20/21-FY 24/25. 2. That, while the staff carefully monitors the CIP budget and outside funding sources on a regular basis, this formal CIP appropriations review process should be conducted again in 3-6 months to stay current with any updates to City revenue forecasts and spending priorities made in response to the severe and evolving impacts of the COVID-19 crisis. 3. That as part of that formal CIP review process, it would be helpful if Finance and Council would provide at the front-end some clear dollar and timing guidelines on desired changes needed to CIP appropriations based on any updates made to revenue forecasts and spending priorities. 4. That if Council and staff will want FAC input and guidance in any further CIP reviews, it would be more helpful to involve the FAC earlier in the review process so it can offer judgment, experience, and assistance before work has been done and conclusions formed. Project #Project Description General Fund Operating Measure G Sales Tax SB 1 Road Maint/Rehab Quimby Funds DIF Transportation Measure A Other Revenue Other Revenue Source Total 2020/2021 2021ADA ADA Accessible Ramps - Various Locations 20,000 20,000 2021CPM Citywide Preventative Maintenance Plan Improvements 50,000 Equip Replacement Fund 50,000 2021PMP Pavement Management Plan Street Improvements 1,000,000 1,000,000 2021STI Sidewalks - Various Locations 55,000 55,000 2021TMI Citywide Traffic Signal Maintenance Improvements 205,000 205,000 201503 La Quinta Village Complete Streets - A Road Diet Project 112,000 112,000 201509 XPark Landscaping 275,000 275,000 201512 Citywide Drainage Enhancements 477,000 477,000 201702 Developer Reimbursement for DIF Eligible Improvements 400,000 400,000 201804 Landscape and Lighting Median Island Improvements 100,000 100,000 201902 Avenue 50 Bridge Spanning the Evacuation Channel 893,005 12,535,495 CVAG/Federal HBP 13,428,500 201905 Highway 111 Corridor Area Plan Implementation 250,000 250,000 202001 Monroe Street Pavement Rehabilitation (Avenue 52 to Avenue 53, and Near Ave 61)683,098 257,902 941,000 202002 Citywide Miscellaneous ADA Improvements 121,890 CDBG Funds 121,890 202003 Citywide Public Safety Camera System 1,000,000 Public Safety Fund 1,000,000 FY 2020/2021 SUBTOTAL:1,652,000 525,000 795,098 0 1,293,005 462,902 13,707,385 18,435,390 2021/2022 2122ADA ADA Accessible Ramps - Various Locations 20,000 20,000 2122CPM Citywide Preventative Maintenance Plan Improvements 50,000 Equip Replacement Fund 50,000 2122PMP Pavement Management Plan Street Improvements 1,000,000 1,000,000 2122STI Sidewalks - Various Locations 55,000 55,000 2122TMI Citywide Traffic Signal Maintenance Improvements 500,000 500,000 201512 Citywide Drainage Enhancements 477,000 477,000 201603 La Quinta Landscape Renovation Improvement 1,408,356 1,408,356 201702 Developer Reimbursement for DIF Eligible Improvements 400,000 400,000 201804 Landscape and Lighting Median Island Improvements 500,000 500,000 201805 Corporate Yard Administrative Offices and Crew Quarters 2,773,000 2,773,000 201905 Highway 111 Corridor Area Plan Implementation 1,000,000 1,000,000 202004 SilverRock Event Space 700,000 700,000 202005 City Hall Rehabilitation 100,000 100,000 202101 Fred Waring Drive Pavement Rehabilitation (Washington Street to Palm Royale Drive)813,366 813,366 202102 Caleo Bay at Avenue 47 (New Traffic Signal)430,000 430,000 202103 Washington Street at Lake La Quinta Drive (New Traffic Signal)430,000 430,000 202104 Dune Palms Road Pavement Rehabilitation (Fred Waring Drive to Miles Avenue) 815,843 815,843 FY 2021/2022 SUBTOTAL:2,152,000 5,881,356 815,843 0 1,260,000 1,313,366 50,000 11,472,565 2022/2023 2223ADA ADA Accessible Ramps - Various Locations 20,000 20,000 2223CPM Citywide Preventative Maintenance Plan Improvements 50,000 Equip Replacement Fund 50,000 2223PMP Pavement Management Plan Street Improvements 1,000,000 1,000,000 2223STI Sidewalks - Various Locations 55,000 55,000 2223TMI Citywide Traffic Signal Maintenance Improvements 235,000 235,000 201512 Citywide Drainage Enhancements 477,000 477,000 201702 Developer Reimbursement for DIF Eligible Improvements 400,000 400,000 201804 Landscape and Lighting Median Island Improvements 500,000 500,000 201805 Corporate Yard Administrative Offices and Crew Quarters 3,657,000 3,657,000 201904 Village Art Plaza Site Improvements (Museum/Lumberyard Building)700,000 2,000,000 Library Funds 2,700,000 201905 Highway 111 Corridor Area Plan Implementation 1,000,000 1,000,000 CITY OF LA QUINTA CAPITAL IMPROVEMENT PROGRAM REVENUE SUMMARY ATTACHMENT 1 REVISED ATTACHMENT 1REVISEDFINANCIAL ADVISORY COMMISSION MEETING - MAY 13, 2020 - HAND-OUT BY STAFF - REVISED ATTACHMENT 1STUDY SESSION ITEM NO. 1 - 2020/21 through 2024/25 Capital Improvement Program Project #Project Description General Fund Operating Measure G Sales Tax SB 1 Road Maint/Rehab Quimby Funds DIF Transportation Measure A Other Revenue Other Revenue Source Total 202005 City Hall Rehabilitation 900,000 900,000 202201 Avenue 50 Pavement Rehabilitation (Washington St. to Eisenhower Dr.)1,000,000 1,000,000 202202 Avenue 52 Pavement Rehabilitation (Desert Club to Washington St.)622,196 622,196 202203 Francis Hack Lane Pavement Rehabilitation (Avenida Bermudas to Cul-De-Sac)213,153 213,153 FY 2022/2023 SUBTOTAL:2,952,000 5,357,000 835,349 0 400,000 1,235,000 2,050,000 12,829,349 2023/2024 2324ADA ADA Accessible Ramps - Various Locations 20,000 20,000 2324CPM Citywide Preventative Maintenance Plan Improvements 50,000 Equip Replacement Fund 50,000 2324PMP Pavement Management Plan Street Improvements 1,000,000 1,000,000 2324STI Sidewalks - Various Locations 55,000 55,000 2324TMI Citywide Traffic Signal Maintenance Improvements 235,000 235,000 201512 Citywide Drainage Enhancements 477,000 477,000 201702 Developer Reimbursement for DIF Eligible Improvements 400,000 400,000 201804 Landscape and Lighting Median Island Improvements 500,000 500,000 201905 Highway 111 Corridor Area Plan Implementation 1,000,000 1,000,000 202301 Avenue 58 Pavement Rehabilitation (Jefferson Street to Madison Street)1,190,000 1,190,000 202302 Highway 111/Simon Drive Dual Left Turn Lanes 723,850 723,850 FY 2023/2024SUBTOTAL:2,052,000 1,000,000 723,850 0 400,000 1,425,000 50,000 5,650,850 2024/2025 2425ADA ADA Accessible Ramps - Various Locations 20,000 20,000 2425CPM Citywide Preventative Maintenance Plan Improvements 50,000 Equip Replacement Fund 50,000 2425PMP Pavement Management Plan Street Improvements 1,000,000 1,000,000 2425STI Sidewalks - Various Locations 55,000 55,000 2425TMI Citywide Traffic Signal Maintenance Improvements 235,000 235,000 201512 Citywide Drainage Enhancements 477,000 477,000 201702 Developer Reimbursement for DIF Eligible Improvements 400,000 400,000 201804 Landscape and Lighting Median Island Improvements 500,000 500,000 201905 Highway 111 Corridor Area Plan Implementation 1,000,000 1,000,000 202401 Avenue 50 Sidewalk Improvements (Washington Street to Avenida Montero)400,000 400,000 202402 Moon River Drive Pavement Rehabilitation (Ave 50 to DSUSD ROW)400,000 400,000 202403 Seasons Way Pavement Rehabilitation (Calle Tampico to Springtime Way)276,000 276,000 FY 2024/2025SUBTOTAL:2,052,000 1,000,000 0 0 400,000 1,311,000 50,000 4,813,000 TOTAL FISCAL YEARS 2020/21 THROUGH 2024/25:10,860,000 13,763,356 3,170,140 0 3,753,005 5,747,268 15,907,385 53,201,154 FINANCIAL ADVISORY COMMISSION MEETING - MAY 13, 2020 - HAND-OUT BY STAFF - REVISED ATTACHMENT 1 STUDY SESSION ITEM NO. 1 - 2020/21 through 2024/25 Capital Improvement Program