1983-1984 ACFR (July 1 - June 30 Annual Comprehensive Financial Report)CITY OF LA QUINTA
FINANCIAL STATEMENTS
KITH REPORT ON EXAMINATION BY
CERTIFIED PUBLIC ACCOUNTANTS
FOR THE YEAR ENDED JUNE 30, 1984
DIEHL, EVANS AND COMPANY
A PARTNERSHIP OF ACCOUNTANCY CORPORATIONS
CERTIFIED PUBLIC ACCOUNTANTS
CITY OF LA QUINTA
FINANCIAL STATEMENTS
June 30, 1984
TABLE OF CONTENTS
Accountants' Report
Page
Number
1
Combined Balance Sheet - All Fund Types and Account Groups 2 - 3
Combined Statement of Revenues, Expenditures and Changes
in Fund Balances - All Governmental Fund Types 4
Combined Statement of Revenues, Expenditures and Changes
in Fund Balances - Budget (GAAP Basis) and Actual -
General, Special Revenue and Capital Project Fund Types 5 - 6
Notes to Financial Statements
Financial Statements of Individual Funds:
7 - 12
General Fund:
Comparative Balance Sheet 13
Statement of Revenues, Expenditures and Changes in
Fund Balances - Budget (GAAP Basis) and Actual 14 - 15
Special Revenue Funds:
Combining Balance Sheet 16
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances r 17
Federal Revenue Sharing Special Revenue Fund:
Comparative Balance Sheet 18
Statement of Revenues, Expenditures and Changes in
Fund Balances - Budget (GAAP Basis) and Actual 19
State Gas Tax Special Revenue Fund:
Comparative Balance Sheet 20
Statement of Revenues, Expenditures and Changes in
Fund Balances - Budget (GAAP Basis) and Actual 21
Traffic Safety Special Revenue Fund:
Comparative Balance Sheet 22
Statement of Revenues, Expenditures and Changes in
Fund Balances - Budget (GAAP Basis) and Actual 23
Special Revenue Funds (Continued):
Local Transportation Special Revenue Fund:
Comparative Balance Sheet
24
Statement of Revenues, Expenditures and Changes in
Fund Balances - Budget (GAAP Basis) and Actual
25
Capital Projects Funds:
Combining Balance Sheet
26
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances
27
Redevelopment Project Area Capital Improvement Fund:
Balance Sheet
28
Statement of Revenues, Expenditures, and Changes in
Fund Balances - Budget (GAAP Basis) and Actual
29
Traffic Signalization Capital Projects Fund:
Balance Sheet
30
Statement of Revenues, Expenditures, and Changes in
Fund Balances - Budget (GAAP Basis) and Actual
31
Police and Fire Facilities Fund:
Balance Sheet 32
Statement of Revenues, Expenditures, and Changes in
Fund Balances - Budget (GAAP Basis) and Actual 33
Curb and Gutter Improvement Capital Projects Fund:
Balance Sheet 34
Statement of Revenues, Expenditures, and Changes in
Fund Balances - Budget (GAAP Basis) and Actual 35
ELLIS C DIEHL, C.P.A. (1925-1956)
BRYN B. EVANS, C.P.A.
WIN G PETERS, C.P.A.
DONALD H. PETERSON, CAA
DONALD E. CALLAHAN, C.P.A.
L. PETER SCHERER, C.P.A.
RODNEY K. MCDANIEL, C.P.A.
RALPH H. WEINTRAUB, C.P.A.
PHILIP H. HOLTKAMP, C.P.A.
THOMAS M. PERLOWSKI, C.P.A.
City Council
City of La Quinta
La Quinta, California
DIEHL, EVANS AND COMPANY
A PARTNERSHIP OF ACCOUNTANCY CORPORATIONS
CERTIFIED PUBLIC ACCOUNTANTS
1910 NORTH Bl11SH STREET
SANTA ANA, CALIFORNIA 92706
(714) 542-4453
October 5, 1984
ACCOUNTANTS' REPORT
OTHER OFFICES AT:
2965 ROOSEVELT STREET
CARLSBAD, CALIFORNIA 92008
(619) 729-2343
120 WEST WOODWARD AVENUE
ESCONDIDO, CALIFORNIA 92025
(619) 741-3141
We have examined the combined financial statements of the City of La
Quinta as of and for the year ended June 30, 1984, as listed in the table of
contents. Our examination was made in accordance with generally accepted
auditing standards and, accordingly, included such tests of the accounting
records and such other auditing procedures as we considered necessary in the
circumstances.
In our opinion, the combined financial statements referred to above
present fairly the financial position of the City of La Quinta at June 30, 1984
and the results of its operations for the year then ended, in conformity with
generally accepted accounting principals applied on a basis consistent with
that of the preceding year.
Our examination was made for the purpose of forming an opinion on the
combined financial statements taken as a whole. The combining and individual
fund financial statements listed in the table of contents are presented for
purposes of additional analysis and are not a required part of the combined
financial statements of the City of La Quinta. The information has been
subjected to the auditing procedures applied in the examination of the combined
financial statements and, in our opinion, is fairly stated in all material
respects in relation to the combined financial statements taken as a whole.
—1—
CITY OF LA QUINTA
COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS
June 30, 1984
ASSETS
Govern
General
Cash and temporary investments (Note 2e) $ 1,034,578
Due from other governments 61,416
Due from other funds 2,108
Miscellaneous accounts receivable 28,142
General fixed assets (Notes 1f and 3) -
Amount to be provided for payment of long-term debt -
TOTAL ASSETS $ 1,126,184
LIABILITIES AND FUND EQUITY
LIABILITIES:
Accounts payable $ 142,379
Accrued expenses 6,182
Due to other funds _
Compensated absences payable (Notes 1g and 4)
Due to developers (Note 4) -
TOTAL LIABILITIES 148,561
FUND EQUITY:
Investments in general fixed assets -
Unreserved fund balances 977,623
TOTAL LIABILITIES AND FUND EQUITY $ 1,126,184
See accompanying accountants' report and notes to financial statements.
-2-
Account Groups
mental Fund Tapes General General Totals (Memorandum Only)
Special Capital Fixed Long -Term June 30, _
Revenue Projects Assets Debt 1984 1983
$ 159,055 $ 192,566 $ - $ - $ 1,386,139 $ 507,277
36,647 - - - 98,063 68,218
- - - - 2,108 -
- 28,142 1,104
40,173 - 40,173 13,173
- 82,015 82,015 -
$ 195,702 $ 192,566 $ 40,173 $ 82,015 $ 1,636,640 $ 589,772
$ - $ 2,079 $ - $ - $ 144,458 $ 97,660
- 1,500 - - 7,682 2,975
2,108 - - - 2,108 -
-- - - 30,515 30,515 -
- - - 511500 51,500 -
2,108 3,579 - 82,015 236,263 100,635
- - 40,173 - 40,173 13,173
193,594 188,987 - - 1,360,204 475,964
$ 195,702 $ 192,566 $ 402173 $ 82,015 $ 1,636,640 $ 589,772
-3-
CITY OF LA QUINTA
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES.
IN FUND BALANCES - ALL GOVERNMENTAL FUND TYPES
For the year ended June 30, 1984
With comparative totals for the fourteen months ended June 30, 1983
REVENUES:
Taxes
Licenses and permits
Intergovernmental revenues
Revenues from use of money
or property
Other revenues
TOTAL REVENUES
EXPENDITURES:
General government
Public safety
Street maintenance
TOTAL EXPENDITURES
EXCESS OF REVENUES OVER
EXPENDITURES
Totals
(Memorandum Only)
Special Capital June 30,
General Revenue Projects 1984 1983
$ 818,345 $ - $ - $ 818,345 $497,744
531,934 - 161,248 693,182 166,688
143,004 230,932 - 373,936 253,184
68,386 14,068 - 82,454 12,608
356 - 511500 51,856 4,357
1,562,025 245,000 212,748 2,019,773 934,581
319,726 - 92,285 412,011 217,872
641,145 - - 641,145 221,829
82,377 - - 82,377 18 916
1,043,248 - 92,285 1,135,533 458,617
518.777 245,000 120,463 884,240 475,964
OTHER FINANCING SOURCES (USES):
Operating transfers in 141,903 - 41,104 183,007 23,507
Operating transfers out (41,104)(138,,723-), (3,180) (1839007) (23 507)
TOTAL OTHER FINANCING
SOURCES (USES) __ 100,799 (138,723) 37,924 - -
EXCESS OF REVENUES AND OTHER
SOURCES OVER EXPENDITURES
AND OTHER USES
FUND BALANCES - JULY 1, 1983
FUND BALANCES - JUNE 30, 1984
619,576 106,277 158,387 884,240 475,964
358 L047 87,317 30,600 475,964 -
$ 977,623 $193,594 $ 188,987 $1,360,204 $475,964
See accompanying accountants' report and notes to financial statements.
-4-
CITY OF LA QUINTA
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES - BUDGET (GAAP BASIS) AND ACTUAL -
GENERAL, SPECIAL REVENUE AND CAPITAL PROJECTS FUND TYPES
For the year ended June 30, 1984
EXPENDITURES:
General government
360,874
General Fund
Special
Revenue
Public safety
748,806
641,145
Variance
- -
Street maintenance
171,860
82,377
_ 89,483
Favorable
TOTAL EXPENDITURES
1,281,540
1,043,248
Budget
Actual
(Unfavorable)
Budget
Actual
REVENUES:
(UNDER) EXPENDITURES
(229,444)^
518,777
748,221
Taxes
$ 561,875
$ 818,345
$256,470
$ -
$ -
Licenses and permits
339,000
531,934
192,934
-
-
Intergovernmental revenues
136,121
143,004
6,883
200,192
230,932
Revenues from use of money
(41,104)
(230,880)(138,723)
TOTAL OTHER
or property
15,000
68,386
53,386
5,000
14,068
Other revenues
100
356
256
-
-
TOTAL REVENUES
1,052,096
1,562,025
509,929
205,192
245,000
EXPENDITURES:
General government
360,874
319,726
41,148
- -
Public safety
748,806
641,145
107,661
- -
Street maintenance
171,860
82,377
_ 89,483
- -
TOTAL EXPENDITURES
1,281,540
1,043,248
238,292
-
EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES
(229,444)^
518,777
748,221
205,192 245,000
OTHER, FINANCING SOURCES
(USES):
Operating transfers in
-
141,903
141,903
- -
Operating transfers out
-
(41,104)
(41,104)
(230,880)(138,723)
TOTAL OTHER
FINANCING SOURCES
(USES)
-
100,799
100,799
(230,880)(138,723)
EXCESS OF REVENUES AND OTHER
SOURCES OVER (UNDER)
EXPENDITURES AND OTHER USES
(229,444)
619,576
849,020
(25,688) 106,277
FUND BALANCES - JULY 1, 1983 358,047 358,047 - 87,317 87,317
FUND BALANCES - JUNE 30,
1984 $ 128,603 $ 977,623 $849,020 $ 61,629 1193,594
See accompanying accountants' report and notes to financial statements.
-5-
Fund
Capital Projects Fund
Totals
(Memorandum Only)
Variance
Variance
Variance
Favorable
Favorable
Favorable
(Unfavorable)
Budget
Actual
(Unfavorable)
Budget
Actual
(Unfavorable)
$ -
$ -
$ -
$ -
$ 561,875
$ 818,345
$256,470
-
165,000
161,248
(3,752)
504,000
693,182
189,182
30,740
-
-
-
336,313
373,936
37,623
9,068
-
-
-
20,000
82,454
62,454
-
-
51,500
51,500
100
51,856
51,756
39,808
165,000
212,748
47,748
1,422,288
2,019,773
597,485
-
-
92,285
(92,285)
360,874
412,011
(51,137)
-
-
-
-
748,806
641,145
107,661
-
-
-
-
171,860
82,377
89,483
-
-
92,285
(92,285)
1,281,540
1,135,533
146,007
39,808
165,000
1209463
(44,537)
140,748
884,240
743,492
-
-
41,104
41,104
-
183,007
183,007
92,157
-
(3,180)
(3,180)
(230,880)
(183,007)
(47,873)
92,157
-
37,924
37,924
(230,880)
-
230,880
131,965
165,000
158,387
(6,613)
(90,132)
884,240
974,372
-
30,600
30,600
-
475,964
475,964
-
$131,965 $195,600 $188,987 $$ (6 6_13) $ 385,832 $1,360,204 $9742372
ffm
CITY OF LA QUINTA
NOTES TO FINANCIAL STATEMENTS
June 30, 1984
1. REPORTING ENTITY:
The reporting entity "City of La Quinta" includes the accounts of the City
and the La Quinta Redevelopment Agency (Agency). Although the City and the
Agency are legally separate entities, the La Quinta City Council exercises
oversight responsibility over the Agency. The members of the City Council
also act as the governing body of the Agency, and the City provides loans
and management assistance to the Agency.
The City of La Quinta was incorporated May 1, 1982 and has established a
Council/manager form of government.
The La Quinta Redevelopment Agency was established in November, 1983,
pursuant to the State of California Health and Safety Code, Section 33000.
The primary purpose of the Agency is to encourage private redevelopment of
property and to rehabilitate areas suffering from economic disuse. The
Agency has established one redevelopment project for the purpose of
developing flood control improvements and facilities. The area of the
redevelopment project comprises approximately 17.5 square miles.
Advances from the City to the Agency have been recorded in the accompanying
statements as transfers -in and transfers -out.
As recommended by Statement 3 of the National Council on Governmental
Accounting (NCGA), the City's comparative financial statements as of, and
for the year ended, June 30, 1983 have been presented herein to include
both the City and the Agency. However, prior year comparisons for each
indivdual fund, other than the general fund, are not presented, since their
inclusion would make the statements unduly complex and difficult to read.
2. SIGNIFICANT ACCOUNTING POLICIES:
a. Description of funds and account groups:
The accounts of the City are organized on the basis of fund types and
account groups, each of which is considered a separate accounting
entity with a self -balancing set of accounts.
The following are the types of funds and account groups used:
GOVERNMENTAL FUND TYPES
1. General Fund - accounts for all unrestricted resources except those
required to be accounted for in another fund.
2. Special Revenue Funds - account for the proceeds of specific
revenue sources that are restricted by law or administrative action
to expenditures for specified purposes.
See accompanying accountants' report.
-7-
CITY OF LA QUINTA
NOTES TO FINANCIAL STATEMENTS
(Continued)
June 30, 1984
2. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):
a. Description of funds and account groups (Continued):
3. Capital Projects Funds - account for financial resources used for
acquisition or construction of major capital facilities and
equipment.
ACCOUNT GROUPS
Account Groups are used to establish accounting control and
accountability for the City's general fixed assets and general long-
term debt.
b. Basis of accounting:
Governmental fund types are accounted for using the modified accrual
basis of accounting. Revenues are recognized when they become
"susceptible to accrual", that is, measurable and available to finance
expenditures of the current period. Accrued revenues include property
taxes received within 60 days after year end (see Note 6), sales taxes,
revenue sharing entitlements and earnings on investments. Expenditures
are recorded when the liability is incurred, except that principal and
interest payments on debt from the Agency to the City are recorded when
due.
c. Measurement focus:
All governmental funds are accounted for on a spending or "financial
flow" measurement focus. This means khat generally only current assets
and current liabilities are included on their balance sheets, with the
exception that the noncurrent portion of long-term receivables due to
governmental funds are reported on their balance sheets, offset by fund
balance reserve accounts. Statements of revenue, expenditures and
changes in fund balances for governmental funds generally present
increases (revenues and other financing sources) and decreases
(expenditures and other financing uses) in net current assets.
d. Budgetary accounting:
Budgetary process: The annual budget, which includes estimated revenue
and appropriations, is adopted by the City Council and presented in the
financial statement as follows:
1. Budgets for the General, Special Revenue and Capital Projects Funds
are adopted on a basis consistent with generally accepted
accounting principles, (GAAP).
See accompanying accountants' report.
CITY OF LA QUINTA
NOTES TO FINANCIAL STATEMENTS
(Continued)
June 30, 1984
2. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):
d. Budgetary accounting (Continued):
2. Estimated revenue is the original estimate with modifications for
new programs which are anticipated to be received during the fiscal
year.
3. Original appropriations are modified by supplemental appropriations
and transfers among budget categories.
4. Strict budget control is maintained over all accounts and
expenditures are not allowed to exceed appropriations except in
those specific projects and programs approved in advance by the
City Council.
5. The City Council approves all significant changes.
6. Under Article XIIIB of the California Constitution (the Gann
Spending Limitation Initiative), the City is restricted as to the
amount of annual appropriations from the proceeds of taxes, and if
proceeds of taxes exceed allowed appropriations, the excess must
either be refunded to the State Controller or returned to the
taxpayers through revised tax rates, revised fee schedules or other
refund arrangements. For the fiscal year ended June 30, 1984,
based on calculations by City Management, proceeds of taxes did not
exceed appropriations. Further, Section 5 of Article XIIIB allows
the City to designate a portion of fund balance for general
contingencies, to be used for any purpose.
e. Investments:
Investments are stated at cost, which approximates market value. Cash
and investments at June 30, 1984 totaled $1,386,139.
f. General fixed assets:
General fixed assets are recorded as expenditures of the various
governmental fund types at the time of purchase. Such assets include
leasehold improvements, furniture, fixtures and equipment and are
capitalized at cost or if contributed at fair market value in the
general fixed asset group of accounts. No depreciation is provided on
general fixed assets.
See accompanying accountants' report.
CITY OF LA QUINTA
NOTES TO FINANCIAL STATEMENTS
(Continued)
June 30, 1984
2. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):
g. Compensated absences:
The City accounts for compensated absences (unpaid vacation and sick
leave) in accordance with NCGA Statement No. 4. In governmental funds,
compensated absences are recorded as expenditures in the year paid, as
it is the City's policy to liquidate any unpaid vacation or sick leave
existing at June 30 from future resources rather than currently
available expendable resources. Accordingly, the entire unpaid
liability for the governmental funds is recorded in the General Long-
term Debt Account Group. There is no fixed payment schedule for
compensated absences.
h. Claims and judgements:
The City accounts for material claims and judgements in accordance with
NCGA Statement No. 4. When it is probable that a claim liability has
been incurred at year end, and the amount of the loss can be reasonably
estimated, the City records the estimated loss. At June 30, 1984, in
the opinion of the City Attorney, the City had no material claims which
would require loss provision in the financial statements. Small dollar
claims and judgements are recorded as expenditures when paid.
i. Total columns on the Combined Financial Statements are capitioned
"Memorandum Only" to indicate that they are presented only to
facilitate financial analysis and such data is not comparable to a
consolidation. Interfund eliminations have not been made in the
aggregation of this data.
3. CHANGES IN GENERAL FIXED ASSETS:
A summary of changes in general fixed assets at June 30, 1984 is as
follows:
See accompanying accountants' report.
-10-
Balance
Balance
June 30, 198 3
Additions Deletions
June 30, 1984
Equipment and
furniture
$ 10,686
$ 13,697 $ -
$ 24,383
Vehicles
-
13,303 -
13,303
Leasehold
improvements
2,487
- -
2,1487
TOTAL GENERAL
FIXED ASSETS
$ 13,173
$ 271000 $ -
$ 40J73
See accompanying accountants' report.
-10-
CITY OF LA QUINTA
NOTES TO FINANCIAL STATEMENTS
(Continued)
June 30, 1984
4. LONG-TERM DEBT:
Long-term debt at June 30, 1984 consisted of the following:
Compensated absences (see Note 1g) $ 30,515
Due to developer 51,500
$ 82,015
The due to developer amount represents advances to the La Quinta
Redeveloment Agency from developer to assist in initial project area
development expenditures. These advances have no specified repayment date
and $50,000 is subject to a 10% interest rate.
5. RETIREMENT PLAN:
The City is a participant in the Public Employees Retirement System (PERS)
of the State of California covering all the City's permanent employees.
Contributions to the system are based on rates set by PERS based on certain
actuarial assumptions, such as length of employment, estimated salary
rates, mortality rates, projected retirement benefits and other factors.
Pension costs are recorded as expenditures when paid by monthly
contributions to PERS. The total pension expense for the year ended June
30, 1984, was $12,774. Actuarial information related to the plan was not
available from PERS at June 30, 1984 and the City was not a member of PERS
in prior years.
6. LEASE COMMITMENTS:
The City is operating out of leased facilities. The lease commenced on
August 1, 1982 and terminates on November 30, 1985. Lease payments are
approximately $25,000 per year.
7. PROPERTY TAXES:
Under California law, property taxes are assessed and collected by the
counties up to 1% of assessed value, plus other increases approved by the
voters. The property taxes go into a pool, and are then allocated to the
cities based on complex formulas. Accordingly, the City of La Quinta
acrues only those taxes which are received from the county within sixty
days after year end.
Lien date
Levy date
Due dates
Collection dates
See accompanying accountants' report.
-11-
March 1
June 30
November 1 and February 1
December 10 and April 10
CITY OF LA QUINTA
NOTES TO FINANCIAL STATEMENTS
(Continued)
June 30, 1984
8. LITIGATION, COMMITMENTS AND CONTINGENT LIABILITIES:
a. Litigation:
Certain claims have been filed against the City in the normal course of
business. Based upon information received from the City Attorney, the
estimated liability under such claims would not be significant.
b. Grant audit contingencies:
Under the terms of federal and state grants, periodic audits are
required and certain costs may be questioned as not being appropriate
expenditures under the terms of the grants. Such audits could lead to
reimbursement to the grantor agencies. City management believes
disallowances, if any, will be immaterial.
See accompanying accountants' report.
—12—
FINANCIAL STATENENTS OF INDIVIDUAL FUNDS
CITY OF LA QUINTA
GENERAL FUND
COMPARATIVE BALANCE SHEET
June 30, 1984 and 1983
ASSETS
Cash and temporary investments
Due from other governments
Due from other funds
Miscellaneous accounts receivable
TOTAL ASSETS
LIABILITIES AND FUND EQUITY
LIABILITIES:
Accounts payable
Accrued expenses
TOTAL LIABILITIES
FUND EQUITY:
Unreserved fund balances
TOTAL LIABILITIES AND FUND EQUITY
-13-
1984 1983
$ 1,034,518 $ 419,960
61,416 68,128
2,108 -
28,142 1,194
$ 1,126,184 $ 489,282
$ 142,379 $ 97,660
6,182 2,975
148,561 100,635
977,623 388,647
$ 1026,184 $ 489,282
CITY OF LA QUINTA
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND
BALANCES - BUDGET (GAAP BASIS) AND ACTUAL - GENERAL FUND
For the year ended June 30, 1984
With comparative totals for the fourteen months ended June 30, 1983
1984
Variance
Favorable
Budget Actual (Unfavorable)
REVENUES:
Taxes $ 561,875 $ 818,345
Licenses and permits 339,000 531,934
Intergovernmental revenues 136,121 143,004
Revenues from use of money or property 15,000 68,386
Other revenues 100 356
TOTAL REVENUES
EXPENDITURES:
General government
Public safety
Street maintenance
TOTAL EXPENDITURES
EXCESS OF REVENUES OVER (UNDER)
EXPENDITURES
OTHER FINANCING SOURCES (USES):
Operating transfers in
Operating transfers out
TOTAL OTHER FINANCING
SOURCES (USES)
EXCESS OF REVENUES AND OTHER SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER USES
FUND BALANCES - JULY 1
FUND BALANCES - JUNE 30
$ 256,470
192,934
6,883
53,386
256
1,052,096 1,562,025 509,929
360,874
319,726
41,148
748,806
641,145
107,661
171 860
82,377
89,483
12281,540
1,043,248
238,292
(229,444)
518,777
_ 748,221
-
141,903
141,903
-
(41,104)
(41,104)
-
100,799
100,799
(229,444)
619,576
849,020
358,047
358.047
-
$ 128603
$ 977,623
$ 849,020
-14-
1983
228,521
217,872
Variance
227,394
221,829
Favorable
Budget
Actual
(Unfavorable)
$ 357,599
$ 497,744
$ 140,145
84,500
166,688
82,188
152,525
145,785
(6,740)
10,000
9,183
(817)
1,500
4,357
2,857
606,124
_823,757
217,633
228,521
217,872
10,649
227,394
221,829
5,565
85,000
18,916
66,084
540,915
458,617
82,298
651209
365,104
299,931
-
23,507
23,507
-
23,507
23,507
65,209 388,647 323,438
$ 652209 $ 388,647 $ 323438
-15-
ASSETS
Cash and temporary
investments
Due from other
governments
TOTAL ASSETS
CITY OF LA QUINTA
COMBINING BALANCE SHEET - ALL SPECIAL REVENUE FUNDS
June 30, 1984 and 1983
Federal Local
Revenue State Traffic Transpor-
Sharing Gas Tax Safety tation
Fund Fund Fund Fund
Totals
June 30,
1984 1983
$ 14,052 $ 144,195 $ - $ 808 $ 159,055 $ 87,317
9,696 8,124 2,108 16,719 36,647 -
$ 23,748 $ 152,319 $ 2,108 1 17,527 $ 195,702 $-87,317
LIABILITIES AND FUND EQUITY
LIABILITIES:
Due to other funds $ - $ - $ 2,108 $ - $ 2,108 $ -
TOTAL LIABILITIES - - 2,108 - 2,108 -
FUND EQUITY:
Fund balances 23,748 152,319 - 17,527 193,594 87,317
TOTAL LIABILITIES
AND FUND EQUITY $ 23,748 $ 1529319 $ 2,108 $ 17,527 $ 195,702 $ 87,317
-16-
CITY OF LA QUINTA
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCES - ALL SPECIAL REVENUE FUNDS
For the year ended June 30, 1984
With comparative totals for the fourteen months ended June 30, 1983
REVENUES:
Intergovernmental revenues
Revenue from use of money
and property
TOTAL REVENUES
EXPENDITURES
EXCESS OF REVENUES OVER
EXPENDITURES
OTHER FINANCING (USES):
Operating transfers out
EXCESS OF REVENUES OVER
EXPENDITURES AND
OTHER USES
FUND BALANCE - JULY 1
FUND BALANCE - JUNE 30
Federal Local
Revenue State Traffic Transpor- Totals
Sharing Gas Tax Safety tation June 30
Fund Fund Fund Fund 1984 1983
$72,352 $109,828 $10,903 $ 37,849 $230,932 $107,399
2,747 10,513 - 808 14,068 3,425
75,099 120,341 10,903 38,657 245,000 110,824
75,099 120,341 10,903 38,657 245,000 110,824
51,351 43,201 10,903 33,268 138,723 23,507
23,748 77,140 - 5,389 106,277 87,317
- 75,179 - 12,138 87,317 -
$23,748 $152,319 $ - $ 17,527 $193594 1 87,317
-17-
CITY OF LA QUINTA
FEDERAL REVENUE SHARING SPECIAL REVENUE FUND
COMPARATIVE BALANCE SHEET
Cash and temporary investments
Due from other governments
TOTAL ASSETS
Fund balance
June 30, 1984 and 1983
ASSETS
FUND BALANCE
-18-
1984 1983
$ 14,052 $ -
9,696 -
23 748 $ -
$ 23,748 $ -
CITY OF LA QUINTA
FEDERAL REVENUE SHARING SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES —
BUDGET (GAAP BASIS) AND ACTUAL
For the year ended June 30, 1984
REVENUES:
Intergovernmental revenues
Revenue from use of money and
property
TOTAL REVENUES
EXPENDITURES
EXCESS OF REVENUES OVER EXPENDITURES
OTHER FINANCING (USES):
Operating transfers out
EXCESS OF REVENUES OVER EXPENDITURES
AND OTHER USES
FUND BALANCE — JULY 1, 1983
FUND BALANCE — JUNE 30, 1984
-19-
_98,000 75,090 (22,901)
123,880 51,351 72,529
(25,880) 23,748 49,628
$ (25,880) $ 23,t748 $ 49,628
Variance
Favorable
Budget
Actual
(Unfavorable)
$ 96,000
$ 72,352
$ (23,648)
2,000
2,747
747
98,000
75,099
(22,901)
_98,000 75,090 (22,901)
123,880 51,351 72,529
(25,880) 23,748 49,628
$ (25,880) $ 23,t748 $ 49,628
CITY OF LA QUINTA
STATE GAS TAX SPECIAL REVENUE FUND
COMPARATIVE BALANCE SHEET
Cash and temporary investments
Due from other governments
TOTAL ASSETS
Fund balance
June 30, 1984 and 1983
ASSETS
FUND BALANCE
—20—
1984 1983
$ 144,195 $ 75,179
8,124 —
$ 152,319 $_75,179
$ 152,319 $ 75,179
CITY OF LA QUINTA
STATE GAS TAX SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
BUDGET (GAAP BASIS) AND ACTUAL
For the year ended June 30, 1984
REVENUES:
Intergovernmental revenues
Revenue from use of money and
property
TOTAL REVENUES
EXPENDITURES
EXCESS OF REVENUES OVER EXPENDITURES
OTHER FINANCING (USES):
Operating transfers out
EXCESS OF REVENUES OVER EXPENDITURES
AND OTHER USES
FUND BALANCE - JULY 1, 1983
FUND BALANCE - JUNE 30, 1984
-21-
105.192 120,341 15,149
105,000 43,201 61,799
192 77,140 76,948
75179 75,17.9 —
$75,371 1 152,379 $ 76,948
Variance
Favorable
—Budget
Actual
(Unfavorable)
$ 102,192
$ 109,828
$ (7,636)
3,000
10,513
(7,513)
105,192
120,341
15,149
105.192 120,341 15,149
105,000 43,201 61,799
192 77,140 76,948
75179 75,17.9 —
$75,371 1 152,379 $ 76,948
CITY OF LA QUINTA
TRAFFIC SAFETY TAX SPECIAL REVENUE FUND
COMPARATIVE BALANCE SHEET
June 30, 1984 and 1983
ASSETS
Cash and temporary investments
Due from other governments
TOTAL ASSETS
LIABILITIES AND FUND BALANCE
LIABILITIES:
Due to other funds
TOTAL LIABILITIES
FUND BALANCE
TOTAL LIABILITIES AND FUND BALANCE
-22-
1984 1983
2,108 -
$ 21108 $ -
$_ - _- 08 $ -
2,108 -
$ 21108 $ -
CITY OF LA QUINTA
TRAFFIC SAFETY SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
BUDGET (GAAP BASIS) AND ACTUAL
For the year ended June 30, 1984
REVENUES:
Intergovernmental revenues
TOTAL REVENUES
EXPENDITURES
EXCESS OF REVENUES OVER EXPENDITURES
OTHER FINANCING (USES):
Operating transfers out
EXCESS OF REVENUES OVER EXPENDITURES
AND OTHER USES
FUND BALANCE - JULY 1, 1983
FUND BALANCE - JUNE 30, 1984
-23-
Variance
Favorable
Budget Actual (Unfavorable)
$ 21000 $ 10,903 $ 8,903
2,000 10,903 8,903
2,000 10,903 8.903
21000 10,903 (8,903)
CITY OF LA QUINTA
LOCAL TRANSPORTATION SPECIAL REVENUE FUND
COMPARATIVE BALANCE SHEET
Cash and temporary investments
Due from other governments
TOTAL ASSETS
Fund balance
June 30, 1984 and 1983
ASSETS
FUND BALANCE
—24—
1984 1983
$ 808 $ 12,318
16,719 —
$ 17,527 $ 12,318
$ 17,527 $ 12,318
CITY OF LA QUINTA
LOCAL TRANSPORTATION SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
BUDGET (GAAP BASIS) AND ACTUAL
For the year ended June 30, 1984
REVENUES:
Intergovernmental revenues
Revenue from use of money and
property
TOTAL REVENUES
EXPENDITURES
EXCESS OF REVENUES OVER EXPENDITURES
OTHER FINANCING (USES):
Operating transfers out
EXCESS OF REVENUES OVER EXPENDITURES
AND OTHER USES
FUND BALANCE - JULY 1, 1983
FUND BALANCE - JUNE 30, 1984
0
-25-
Variance
Favorable
Budget Actual (Unfavorable)
$ - $ 37,849 $ 37,849
- 808 808
38,657 38,657
38,657 38,657
33,268 (33,268)
- 5,389 5,389
12,138- 12038 -
$ 12138 1 17,527 $ 5,389
CITY OF LA QUINTA
COMBINING BALANCE SHEET - ALL CAPITAL PROJECTS FUNDS
ASSETS
Cash and temporary
investments
TOTAL ASSETS
LIABILITIES AND FUND EQUITY
LIABILITIES:
Accounts payable
Accrued expenses
TOTAL LIABILITIES
FUND EQUITY:
Unreserved fund balances
TOTAL LIABILITIES
AND FUND EQUITY
June 30, 1984
Redevelop- Traffic Police Curb
ment Signal- and Fire and Gutter
Project ization Facilities Improvement
Fund Fund Fund Fund Totals
2,398 $ 54,670 $ 115,700 $ 19,798 $ 192,566
$ 2,398 $ 54,670 $ 115,700 $ 19,798 $ 192,566
$ 2,079 $ - $ - $ - $ 2,079
- - - 1,500 1,500
2,079 — — 1,500 3,579
319 54,670 115,700 18,298 188,987
$ 2,398 1 54,670 $ 115,700 $ 19,798 $ 192,566
e
—26—
CITY OF LA QUINTA
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES - ALL CAPITAL PROJECTS FUNDS
For year ended June 30, 1984
EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES (40,785) 479650 95_1300 18,298 120,463
OTHER FINANCING SOURCES (USES):
Operating transfers in 41,101; - - - 41,104
Operating transfers out - (3,180) - - (3,180)
TOTAL OTHER FINANCING
SOURCES (USES) 41,104 (3,180) - - 37.924
EXCESS OF REVENUES AND OTHER
SOURCES OVER EXPENDITURES
AND OTHER USES 319 44,470 95,300 18,298 158,387
FUND
Redevelop-
Traffic
Police
Curb
- 10,200
20400 -
ment
Signal-
and Fire
and Gutter
30,
1984 $
Project
ization
Facilities
Improvement
Fund
Fund
Fund
Fund
Totals
REVENUES:
Licenses and permits
$ -
$ 47,650
$ 95,300
$ 18,298
$ 161,248
Other revenues
551,500
-
-
-
51,500
TOTAL REVENUES
51,500
47,650
95,300
18,298
212,748
EXPENDITURES:
General government
92,285
-
-
-
92,285
TOTAL EXPENDITURES
92,285
-
_
92,285
EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES (40,785) 479650 95_1300 18,298 120,463
OTHER FINANCING SOURCES (USES):
Operating transfers in 41,101; - - - 41,104
Operating transfers out - (3,180) - - (3,180)
TOTAL OTHER FINANCING
SOURCES (USES) 41,104 (3,180) - - 37.924
EXCESS OF REVENUES AND OTHER
SOURCES OVER EXPENDITURES
AND OTHER USES 319 44,470 95,300 18,298 158,387
FUND
BALANCES -
JULY
1,
1983
- 10,200
20400 -
30,600
FUND
BALANCES -
JUNE
30,
1984 $
319 $ 54,670
$ 115,700 $ 18,298
$ 188,987
—27—
CITY OF LA QUINTA
REDEVELOPMENT PROJECT AREA CAPITAL PROJECTS FUND
BALANCE SHEET
June 30, 1984
ASSETS
Cash and temporary investments
LIABILITIES AND FUND BALANCE
LIABILITIES:
Accounts payable
FUND BALANCE
TOTAL LIABILITIES AND FUND BALANCES
-28-
$8
$ 2,079
319
$ 2,398
CITY OF LA QUINTA
REDEVELOPMENT PROJECT AREA CAPITAL PROJECTS FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES —
BUDGET (GAAP BASIS) AND ACTUAL
For the year ended June 30, 1984
REVENUES:
Other revenues
TOTAL REVENUES
EXPENDITURES:
General government
TOTAL EXPENDITURES
EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES:
Operating transfers in
EXCESS OF REVENUES AND OTHER SOURCES
OVER EXPENDITURES
FUND BALANCE — JULY 1, 1983
FUND BALANCE — JUNE 30, 1984
-29-
Variance
Favorable
Budget Actual (Unfavorable)
$ _ $ 51,500 $ 511500
— 51,500 51,500
- 92,285 (92,285)
92,285 (92,285)
(40,785) (40,785)
41,104 41,104
319
$ - $ 319
319
$ 319
CITY OF LA QUINTA
TRAFFIC SIGNALIZATION CAPITAL PROJECTS FUND
BALANCE SHEET
June 30, 1984
ASSETS
Cash and temporary investments $ 54j670
FUND BALANCE
Fund balance $ 541670
—30—
CITY OF LA QUINTA
TRAFFIC SIGNALIZATION CAPITAL PROJECTS FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES —
BUDGET (GAAP BASIS) AND ACTUAL
For the year ended June 30, 1984
REVENUES:
Licenses and permits
OTHER FINANCING SOURCES (USES):
Operating transfers out
EXCESS OF REVENUES OVER OTHER USES
FUND BALANCE — JULY 1, 1983
FUND BALANCE — JUNE 30, 1984
—31—
Variance
Favorable
Budget Actual (Unfavorable)
$ 50,000 $ 47,650 $ (2,350)
(3,180) (3,180)
50,000 44,470 (5,530)
10,200 10,200 —
$ 60,200 $ 54,670 $ (5,530)
CITY OF LA QUINTA
POLICE AND FIRE FACILITIES CAPITAL PROJECTS FUND
Cash and temporary investments
Fund balance
BALANCE SHEET
June 30, 1984
ASSETS
FUND BALANCE
-32-
115,700
$ _115,700
CITY OF LA QUINTA
POLICE AND FIRE FACILITIES CAPITAL PROJECTS FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
BUDGET (GAAP BASIS) AND ACTUAL
REVENUES:
Licenses and permits
FUND BALANCE - JULY 1, 1983
FUND BALANCE - JUNE 30, 1984
For the year ended June 30, 1984
-33-
Variance
Favorable
Budget Actual (Unfavorable)
$ 115.000 $ 95.300 $ (19.700)
20,400 20,400 -
$ 135.400 $ 115,700 $ (19,700)
CITY OF LA QUINTA
CURB AND GUTTER IMPROVEMENT CAPITAL PROJECTS FUND
BALANCE SHEET
June 30, 1984
ASSETS
Cash and temporary investments $ 19,798
LIABILITIES AND FUND BALANCE
LIABILITIES:
Accrued expenses $ 11500
FUND BALANCE 18.298
TOTAL LIABILITIES AND FUND BALANCES $ 19t798
-34-
CITY OF LA QUINTA
CURB AND GUTTER IMPROVEMENT CAPITAL PROJECTS FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
BUDGET (GAAP BASIS) AND ACTUAL
REVENUES:
Licenses and permits
FUND BALANCE - JULY 1, 1983
FUND BALANCE - JUNE 30, 1984
For the year ended June 30, 1984
-35-
Variance
Favorable
Budget Actual (Unfavorable)
$ - $ 18,298 $ 189298
$ - $ 18,298: $ _18,298