HomeMy WebLinkAbout1993-1994 Annual Audit Report14
AGENDA ITEM NO.: , ..... , .... ', ... , .... "., ........... , .................................. .
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CITY ,-t( ! OF rZiiSP I .iI __ _
SAN RAFAEL MEETING DATE: De. c,emb.e r " 19 .. , ... 1,9.9.4. .....
POBOX 60. SAN RAFAEL. CALIF 94915 /PHONE (4151 456·111 2
REPORT TO MAYOR AND CITY COUNCIL
SUBUECT: 1993/94 Audit Report
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SUBMITTED BV: .. :. ... , ......... , .... , ..................... , ............ ~ .............. , .................... APPROVED BV: ........................... ~ ................ .
Ransom Coleman, Finance Director City Manager
DATE: December 14, 1994
Recommendation: Accept the report
Summary/Background: C.G. Uhlenberg & Company has completed the
audit for the city. We have an unqualified opinion from the
auditors that these financial statements present fairly the
financial position of the City and the Agency as of June 30, 1994
in conformity with generally accepted accounting principles.
The enclosed report is a combined financial statement that includes
the Redevelopment Agency and the City. This is the fourth year
that C.G. Uhlenberg & Company has audited our records and we are
very satisfied with their work.
If you have any questions concerning the audit, a representative
from C.G. Uhlenberg & Company will be present at the meeting.
'File No. .................... ~-l ... _ .............. _.,---
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CITY OF SAN RAFAEL
FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED JUNE 30,1994
TABLE OF CONTENTS
PAGENQ,
INDEPENDENT AUDITOR'S REPORT"""""""""""""""""""""""""" 1
COMBINED FINANCIAL STATEMENTS (GENERAL PURPOSE
FINANCIAL STATEMENTS):
Combined Balance Sheet -All Fund Types and
Account Groups"" ....... "", .................................... , ..... """" , , , , , , , , , , , , 2
Combined Statement of Revenues, Expenditures and
Changes in Fund Balances -All Governmental Fund
Types and Fiduciary Fund Type """"""" ....... , .......... ,., ... "., ..... " .... , ... , 3
Combined Statement of Revenues, Expenditures and
Changes in Fund Balances -Budget and Actual
(Budget Basis) -General, Special Revenue and
Debt Service Funds ...... " ............................. , ......................... ,.......... 4
NOTES TO FINANCIAL STATEMENTS ..... , ......... " ........... " .... ", ....... " .. '" 5 -16
SUPPLEMENTARY INFORMATION:
Schedule 1 -Long-Term Debt" .. " "" ........ , .................... '" ............ " ... .. .. 17
Schedule 2 -Long-Term Obligation Transactions and
Debt Service Requirements ................................................................ 18
Schedule 3 -Fund Balances .................... , ........................................ ,.... 19
Special Revenue Funds:
Combining Balance Sheet .................................................................. 20 -21
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances............................................................... 22 -23
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CITY OF SAN RAFAEL
FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED JUNE 30,1994
TABLE OF CONTENTS
PAGENQ,
Capital Projects Funds:
Combining Balance Sheet """"""""""""""""""""""""""""""""" 24 -25
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances""""""""""""",.""""".""""""""", 26 -27
Debt Service Funds:
Combining Balance Sheet """"""""""""""""""""""""""""""""" 28 -29
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances """"",.""""""""""""""""",.""""","" 30 -31
Trust and Agency Funds:
Combining Balance Sheet """""""""""""""""""""""""""",.,""'" 32
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances -Expendable Trust Funds""""""",,,,,,,,,,,,,,,, 33
Statement of Changes in Assets and Liabilities -Agency Fund ,.", .. """",."" 34
Public Employees Retirement System Analysis of Funding
Progress .""""""""""",.""",."""."""""""""""",.,.", .. ,.""" .. "" 35
iQ@
c. C.' UHLENBERG & ~O.
CERTIFIED PUBLIC ACCOUNTANTS
ROBERT E. BARSANTI, C.P.A. ROBERT E. Mc DONALD, C.P.A. PEGGY H. CHEN, C.P.A. JEFFREY J. IRA. C.P.A.
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INDEPENDENT AUDITOR'S REPORT
Honorable Mayor and Members of
the City Council of the City of San Rafael
San Rafael, California
We have audited the accompanying general purpose financial statements of the City of San
Rafael, California (the City), as of and for the fiscal year ended June 30, 1994, as listed in the
foregoing table of contents. These financial statements are the responsibility of the City'S
management. Our responsibility is to express an opinion on these financial statements based
on our audit.
We conducted our audit in accordance with generally accepted auditing standards and
Goyernment 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 of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial statement
presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the general purpose financial statements referred to above present fairly, in all
material respects, the fmancial position of the City ot' San Rafael, California, at June 30, 1994,
and the results of its operations for the fiscal year then ended, in conformity with generally
accepted accounting principles.
Our audit was made for the purpose of forming an opinion on the general purpose fmancial
statements taken as a whole. The supplementary schedules, as listed in the foregoing table of
contents, is presented for purposes of additional analysis. The information contained in the
supplementary schedules has not been subjected to the auditing procedures applied in the audit
of the general purpose fmancial statements and, accordingly, we express no opinion thereon.
C.LI
September 16, 1994
Redwood City, California
,&:
647 Veterans Boulevard, Redwood City, CA 94063
Phone (415) 365-2323 I Fax (415) 365-8394
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- - -ASSETS AND OTHER DEBITS - - -
Cash and investments
Cash with fiscal agent
Accounts receivable
Deferred assessments receivable
Loan receivable
Inventory
Prepaid items
Fixed assets
Amount available in debt service funds
Amount available for outstanding claims
Amount to be provided for retirement of:
General long-term debt
Vacation and sick leave obligations
TOTAL ASSETS AND
OTHER DEBITS
LIABILITIES AND
FUND EQUITY - - -
LIABILITIES:
Accounts payable and accrued salaries
Deferred compensation liability
Deposits and advances
Deferred revenue
Long-term debt
Total Liabilities
FUND EQUITY:
Investment in fixed assets
Fund balances:
Reserved
Unreserved:
Designated
Undesignated
Total Fund Balances
Total Fund Equity
TOTAL LIABILITIES AND
FUND EQUITY
CITY OF SAN RAFAEL
COMBINED BALANCE SHEET -ALL FUND TYPES AND ACCOUNT GROUPS
JUNE 30, 1994
FIDUCIARY
GOVERNMENTAL FUND TYPES FUND TYPES ACCOUNT GROUpS
SPECIAL . DEBT CAPITAL TRUST AND GENERAL GENERAL TOTALS
GENERAL REVENUE SERVICE PROJECTS AGENCY FIXED LONG-TERM (MEMORANDUM
FUND FUNDS FUNDS FUNDS FUNDS ASSETS __ n OBLIGATIONS ONLY)
$ 6,282,465 $13,519,921 $ 2,097,760 $12,299,998
2,030,156
430,460 647,055 191,959
1,582,144
302,697
5,026
29,304 5,032 548,711
$5,644,721 $ $
32,028,502
18,380,340
80,751
$ 39,844,865
2,030,156
1,269,474
1,582,144
302,697
5,026
583,047
32,028,502
18,380,340
80,751
10,661,348 10,661,348
1.686.184 1.686.184
$6 747 255 $14172 008 $ 6.258,771 $12.724 654 $5.644.721 $32028502 $30.808623 $108454534
$ 760,750 $ 191,474 $ 243 $ 48,086 $ 2,000
5,142,003
106,251 50,000
1,712,874
76O.75L ___ 297.725_ _ 1.713.117 98.086 5.144.003
3,094,937 4,465,833 2,170,143 12,127,287 40,856
$ $ 1,686,184 $ 2,688,737
5,142,003
156,251
1,712,874
29.122.439 29.122.439
30.808.623 38.822.304
32.028.502 32.028.502
21,899,056
2,706,609 3,756,767 1,518,518 512,042 8,493,936
184959 5.651.683 856.993 57239 459.862 7.210.736
5986.505 13.874.283 4545 654 12.696.568 500.718 37 603.728
5.986.505 13.874.283 4545654 12.696.568 500 718 32028502 69.632.230
$ 6.747.255 $14 172 008 $ 6.258,771 $12 794 654 $ 5.644.721 $ 32.028.502 $ 30 808.623 $ 108 451.543
See notes to general purpose financial statements.
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CITY OF SAN RAFAEL
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
ALL GOVERNMENTAL FUND TYPES AND FIDUCIARY FUND TYPE
REVENUES:
Taxes and special assessments
Licenses and permits
Fines and forfeitures
Uses of money and property
Intergovernmental
Charges for current services
Other
Total Revenues
EXPENDITURES:
Current:
General government
Public safety
Public works and parks
Recreation
Other
Capital Outlay
Debt Service:
Principal retirement
Interest and fiscal charges
Total Expenditures
EXCESS (DEFICIENCy) OF REVENUES
OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES):
Bond proceeds
Operating transfers -In
Operating transfers -Out
Payment of defeased debt
Total Other Financing Sources (Uses)
EXCESS (DEFICIENCy) OF REVENUES
AND OTHER FINANCING SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER FINANCING USES
FUND BALANCES AT BEGINNING OF YEAR
PRIOR PERIOD ADJUSTMENTS
FUND BALANCES AT END OF YEAR
FOR THE FISCAL YEAR ENDED JUNE 30, 1994
FIDUCIARY
GOVERNMENTAL FUND TYPES FUND TYPE
SPECIAL DEBT CAPITAL TRUST AND TOTALS
GENERAL REVENUE SERVICE PROJECTS AGENCY (MEMORANDUM
FUND FUNDS FUNDS FUNDS FUNDS ONL YI
$19,320,317 $ 39,164 $5,224,637 $ 587,447 $ $25,171,565
464,310 524,406 988,716
476,433 476,433
414,369 553,110 221,469 544,505 28,239 1,761,692
3,569,971 1,392,549 116 4,962,636
1,067,961 3,024,922 4,092,883
496,308 1 415,321 353 691,029 23,764 2 626 775
25 809 669 6,949,472 5 446 459 1,823 097 52,003 40 080,700
4,429,391 569,943 50,988 135,353 205,536 5,391,211
13,807,740 118,091 13,925,831
5,349,225 1,558,255 6,907,480
490,942 751,819 1,242,761
946,227 1,239,497 1,395,031 42,850 3,623,605
1,213,824 43,457 1,257,281
2,647,131 2,647,131
2,256,485 480.66L _______ . -------.2.131.l52
25 023 525 5.451,429 4 954 604 2,054,508 248 386 37,732.452
786,144 1,498 043 491,855 (231,411) 096 383) 2.348,248
942,895
(436,549)
1,224,896
(1,580,124)
2,405,000 2,405,000
227,881 175,988 2,571,660
(364,084) (61,903) (129,000) (2,571,660)
(3,236,556) (3 236,556>
506.346 (355.228) (967.759) 114,085 (129,000) (831,556)
1,292,490 1,142,815 (475,904) (117,326) (325,383) 1,516,692
4,694,015 12,728,056 5,065,025 12,819,963 826.101 36,133,160
3.412 (43,467) (6.069L __ (46.124)
$ 5.986.505 $13 874 283 $4.545,654 $12,696 568 $500,718 $37 603 728
See notes to general purpose financial statements.
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CITY OF SAN RAFAEL
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGET BASIS) -GENERAL, SPECIAL REVENUE AND DEBT SERVICE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 3D, 1994
REVENUES:
Taxes and special assessments
Licenses and permits
Fines and forfeitures
Uses of money and property
Intergovernmental
Charges for current services
Other
Total Revenues
EXPENDITURES:
Current:
General government
Public safety
Public works and parks
Recreation
Other
Capital outlay
Debt Service:
Principal retirement
Interest and fiscal charge
Total Expenditures
EXCESS (DEFICIENCy) OF REVENUES
OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES):
Bond proceeds
Operating transfers -In
Operating transfers -Out
Payment of defeased debt
Total Other Financing
Sources (Uses)
EXCESS (DEFICIENCy) OF REVENUES
AND OTHER FINANCING SOURCES
OVER (UNDER) EXPENDITURES
GENERAL FUND SPECIAL REVENUE FUNDS DEBT SERVICE FUNDS
ACTUAL VARIANCE ACTUAL VARIANCE ACTUAL VARIANCE
{BUDGET FAVORABLE {BUDGET FAVORABLE (BUDGET FAVORABLE
BUDGET BASIS) (uNFAVORABLE> BUDGET BASIS) (uNFAVORABLE> BUDGET BASIS) (UNFAVORABLE)
$18,829,000 $19,326,438 $ 497,438 $ $ 39,164 $ 39,164 $2,033,503 $ 5,668,976 $ 3,635,473
429,000 464,310 35,310 500,000 524,406 24,406
440,000 476,433 36,433
249,383 507,273 257,890 44,293 568,073 523,780 436,435 436,435
3,028,000 3,645,504 617,504 971,643 1,392,104 420,461
1,002,000 1,073,050 71,050 2,110,450 3,054,408 943,958
75,000 498042 423042 45,133 1415,321 1 370 188 353 353
24,052 383 25,991 050 1 938,667 3 671.519 6 993,476 3 321.957 2 033 503 6 105 764 4 072 261
4,055,151 4,427,604 (372,453) 1,104,101 608,303 495,798 138,779 (138,779)
14,066,331 13,805,317 261,014 13,300 129,369 (116,069)
5,507,064 5,345,734 161,330 1,372,396 1,558,255 (185,859)
482,578 491,320 (8,742) 735,818 751,819 (16,OOI)
949,275 941,085 8,190 19,534,482 1,281,106 18,253,376
25,132,857 1,213,824 23,919,033
528,700 2,647,131 (2,118,431)
2.2~485 (2.256.485)
25 060 399 25 011 060 49,339 47 892 954 5,542 676 42,350 278 528 700 5,042,395 (4,513 625>
(1.008,016) 979,990 1.988 006 (44,221.435) 1.450 800 45 672.235 1 504,!l03 1,063,369 <441 434)
942,895
(436,549)
942,895
(436,549)
1,224,896 1,224,896
(1,580,124) (1,580,124)
2,405,000 2,405,000
227,881 227,881
(364,084) (364,084)
(3,236,556) (3.236,556)
506,346 506,346 (355.228) _ (355,228) (967,759) _(967.759)
AND OTHER FINANCING USES $ (J 0(8016) 1,486,336 $ 2.424,352 $(14,221 435> 1,095,572 $45,317,007 $1,504:803 95,610 $(1,409,193)
FUND BALANCES AT BEGINNING
OF YEAR
PRIOR PERIOD ADJUSTMENTS
ADJUSTMENTS TO BUDGETARY BASIS
FUND BALANCES AT END OF YEAR
4,694,015
093,846)
$ 5,986,505
12,728,056
3,412
.41..W.
$13 874,283
See notes to general purpose financial statements,
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5,065,025
(43,467)
(571.514)
$4545,654
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CITY OF SAN RAFAEL
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1994
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Description of the Reporting Entity -The general purpose fmancial statements of the
City of San Rafael (the City) include the fmancial activities of the City and the City of
San Rafael Redevelopment Agency (the Agency). The fmancial operations of the
Agency are closely related to the City, and the City Council has a continuing
oversight responsibility for the Agency. The oversight responsibility is determined on
the basis of budget adoption, taxing authority, funding and appointment of the
governing board.
Financial statements for the San Rafael Sanitation District are not included as it is
administered by a board separate from the City Council. This entity determines its
own budget, enters into contracts, has the legal right to acquire and dispose of property
and produce its own fInancial statements.
Description of Joint venture Participation -The City participates in two joint venture
activities through formally organized and separate entities. The fInancial activities of
the California Joint Powers Risk Management Authority and the Marin County Major
Crimes Task Force are not included in the accompanying general purpose fmancial
statements as they are administered by boards separate from and independent of the
City (see Note 9).
Description of Funds and Account Groups -The accounts of the City are organized on
the basis of funds and account groups, each of which is considered a separate
accounting entity. The operations of each fund are accounted for with a separate set of
self-balancing accounts that comprise its assets, liabilities, fund equity, revenues, and
expenditures. Government 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. The various funds are grouped in the fInancial
statements in this report into categories as follows:
qoyernmental Funds
The General Fund is the general operating fund of the City. It is used to account for
all fmancial resources except those required to be accounted for in another fund.
Special Reyenue Funds are used to account for the proceeds of specifIc revenue sources
(other than expendable trusts or major capital projects) that are legally restricted to
expenditures for specifIed purposes.
Debt Service Funds are used to account for the accumulation of resources for, and the
payment of, general long-term debt principal, interest and related costs.
Capital projects Funds are used to account for fmancial resources to be used for the
acquisition or construction of major capital facilities.
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CITY OF SAN RAFAEL
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1994
Fiduciary Funds
Trust and Agency Funds -are used to account for assets held by the City as a trustee or
agent for individuals, private organizations, other governments and/or other funds. All
trust funds are expendable. Expendable trust funds are accounted for in the same
manner as governmental funds . Agency funds are custodial in nature and do not
involve the measurement of the results of operations.
Account Groups
General Fixed Assets Account Group -Fixed assets are accounted for in the general
fIxed assets account group rather than in governmental funds. No depreciation has
been provided on general fIxed assets. Public domain (infrastructure) assets such as
roads, bridges, curbs and gutters, streets and sidewalks, drainage systems, and lighting
systems are not capitalized.
General Long-Teon Obligations Account Group -Long-term liabilities expected to be
fInanced from governmental funds are accounted for in the general long -term
obligations account group, not in the governmental funds.
Basis of accounting refers to when revenues and expenditures are recognized in the
accounts and reported in the fInancial statements. The accounting and fmancial
reporting treatment applied to a fund is determined by its measurement focus. All
governmental funds are accounted for using a current fmancial resources measurement
focus. With this measurement focus, only current assets and current liabilities
generally are included on the balance sheet. Operating statements of these funds
present increases (Le., revenues and other fInancing sources) and decreases (i.e.,
expenditures and other fmancing uses) in net current assets.
All governmental funds, expendable trust funds and agency funds are accounted for
using the modifIed accrual basis of accounting. Their revenues are recognized when
they become measurable and available as net current assets.
Expenditures under the modifIed accrual basis of accounting are recognized when the
related fund liability is incurred, except for principal and interest on general long-term
obligations which are recognized when paid.
Budgets and Budgetary Accounting -The City annually adopts a budget for its general
fund (excluding certain workers' compensation and liability claims) and certain special
revenue and debt service funds to be effective July 1 for the ensuing fIscal year. From
the effective date of the budget, which is adopted at the department level, the amounts
stated therein as proposed expenditures become appropriations to the various City
departments. The City Council may amend the budget by resolution during the fIscal
year. The City Manager is authorized to transfer budgeted amounts between accounts,
departments or funds; the Council must approve any increase in the City's total
budget. Several supplemental appropriations were approved during the course of the
year. All unencumbered appropriations lapse at year end.
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CITY OF SAN RAFAEL
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1994
Annual budgets for revenues are adopted on a cash basis (budget basis).
The City also adopts budgets annually for its Capital Projects Funds. Such budgets are
based on a project time frame, rather than a fiscal year "operating" time frame,
reappropriating unused appropriations from year to year until project completion.
The City does not adopt budgets for trust and agency funds, certain special revenue
grant funds, the special revenue equipment replacement fund, special assessment debt
service funds and special assessment capital projects funds.
The City I s budgetary process is based on the cash basis of accounting for certain
transactions. The results of operations are presented in the budget and actual
comparison statement in accordance with the budgetary process (budget basis) to
provide a meaningful comparison to budget. The results of actual operations on a
budgetary basis are reconciled to the results of operations on a generally accepted
accounting principles (GAAP) basis by fund type as follows:
Excess (Deficiency) of revenues and
other financing sources over (under)
expenditures and other financing
General
uses (budget basis) $1,486,336
Adjustments arising from
differences between cash
basis and modified accrual
basis (193,846)
Special
Revenue
$1,095,572
47,243
Debt
Service
$ 95,610
(571,514)
Excess (Deficiency) of revenues and
other fmancing sources over (under)
expenditures and other fmancing
. uses (GAAP basis) $1.292,490 $1,142.815 $ (475.904)
Encumbrance accounting, under which purchase orders, contracts and other
commitments for expenditures are recorded in order to reserve that portion of the
applicable appropriation, is employed as an extension of the budgetary process.
Investments are stated at cost, which approximates current (market) value, except for
investments of the Deferred Compensation Plan Agency Fund, which are stated at
current (market) value.
Restricted Cash and Investments -Certain proceeds of various special assessment
bonds, as well as certain resources set aside for their repayment, are classified as
restricted cash and investments on the balance sheet because their use is limited to debt
service by applicable bond covenants.
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CITY OF SAN RAFAEL
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1994
Fixed assets are stated at historical cost or estimated historical cost when actual cost is
not available.
Land held for sale is stated at cost which approximates net realizable value.
Accumulated Unpaid Vacation and Sick Leaye -The City accounts for compensated
absences (unpaid vacation and sick leave) expected to be currently payable as accrued
payroll and benefits liability in the governmental funds to which they relate. The
balance of the earned and vested, but unused, compensated absences expected to be
paid subsequent to June 30, 1994, is recorded in the general long-term obligations
account group. Sick pay vesting was discontinued for employees hired after 1978.
Property Tax Leyy Collection and Maximum Rates -The State of California (State)
Constitution Article :xm A provides that the combined maximum property tax rate on
any given property may not exceed one percent of its assessed value unless an
additional amount for general obligation debt has been approved by voters. Assessed
value is calculated at 100 percent of market value as defined by Article :xm A and may
be adjusted by no more than two percent per year unless the property is sold,
transferred or improved. The State Legislature has determined the method of
distribution of receipts from a one percent tax levy among the counties, cities, school
districts and other districts.
Marin County assesses, bills for and collects property taxes as follows:
Lien dates
Levy dates
Due dates
Delinquency as of
Secured
March 1
July 1
50 % on November 1
50 % on February 1
December 10 (for November)
April 10 (for February)
Unsecured
March 1
July 1
July 1
August 31
The term "unsecured" refers to taxes on personal property other than real estate, land
and buildings. These taxes are secured by liens on the property being taxed.
Property taxes levied are recorded as revenue when received, in the fiscal year of levy,
because of the adoption of the "alternate method of property tax distribution," known
as the Teeter Plan, by the City and the County of Marin. The Teeter Plan authorizes
the auditor-controller of the County of Marin to allocate 100% of the secured property
taxes billed, but not yet paid. The County of Marin remits tax monies to the City in
three installments, as follows:
50 % remitted on December 15
45 % remitted on April 15
5 % remitted on June 15
In fiscal year 1993/94, the County of Marin remitted a "one-time" allocation of 95 % of
prior years' delinquent property taxes to the City.
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CITY OF SAN RAFAEL
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1994
"Totals (Memorandum Only)" Information -Columns on the accompanying combined
financial statements captioned "Totals (Memorandum Only)" do not present
consolidated financial information. They are not necessary for a fair presentation of
the financial statements, but are presented as additional analytical data. Interfund
eliminations have not been made in the aggregation of this data.
CASH AND INVESTMENTS
Cash balances from all funds are combined and invested to the extent possible pursuant
to the City Council approved Investment Policy and Guidelines and State Government
Code. The earnings from these investments are allocated monthly to each fund based
on an average of monthly opening and closing balances of cash and investments.
Investments are stated at cost except for those of Deferred Compensation Plans which
are shown at the current market value. The market value information is provided as
quoted on June 30, 1994. This is for information only (except for Deferred
Compensation Plans) to assess the actual value if the City were to liquidate the
investments before maturity. The City has no such intentions and will hold the
investments to maturity.
Authorized investments per the City I S Investment Policy and State Government Code
are:
Certificates of Deposit
Bankers Acceptances
Commercial Paper
Repurchase Agreement
Treasury Bills and Note
State of California Local Agency
Investment Fund
Government Agency Securities
Medium Term Notes
All pooled certificates of deposit and bank balances are entirely insured or
collateralized. The California Government Code requires California banks and savings
and loan associations to secure an agency's deposits by pledging government securities
as collateral. The market value of the pledged securities must equal at least 110% of
an agency's deposits. California law also allows financial institutions to secure local
agency deposits by pledging fust trust deed mortgage notes leaving a value of 150% of
a local agency's deposits.
The City may waive collateral requirements for deposits which are fully insured up to
$100,000 by the Federal Deposit Insurance Corporation (FDIC) or the Federal Savings
and Loan Insurance Corporation (FSLIC).
9
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CITY OF SAN RAFAEL
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1994
Cash and investments at June 30, 1994, consisted of the following:
Cash
Cash:
Demand accounts at banks $ (387,999)
Petty cash 4,600
Investments:
Medium-Term Notes 3,503,965
Cash with Fiscal Agent 17,902,642
Restricted cash on deposit with
bank trust departments -
Deferred Compensation 5,142,002
California Local Agency
Investment Fund 15,097,825
California Arbitrage Management
Program 611.286
Total Cash and Investments ~ ~l.B7~.Q'1
The disposition of these monies by funds was as follows :
Funds:
General
Special Revenue
Debt Service
Capital Projects
Fiduciary
TOTAL
$ 6,282,465
13,519,921
4,127,916
12,299,998
5.644.721
$ 4LB15.Q21
Credit Risk Carrying Amount and Market Value of Investments
Mark~t Valu~
$ (387,999)
4,600
3,378,605
17,752,358
5,142,002
15,097,825
611.286
~ 41.~22.Jll
Investments made by the City are classified as to credit risk by three categories as
follows:
Category 1 includes investments that are insured or registered or for which securities
are held by the City or its agent in the City's name.
Category 2 includes uninsured and unregistered investments for which the securities are
held by the counter party's trust department or agent in the City'S name.
Category 3 includes uninsured and unregistered investments for which the securities are
held by the counter party. or by its trust department or agent but not in the City's
name.
10
3.
4.
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CITY OF SAN RAFAEL
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1994
The carrying amounts of the applicable City investments pursuant to the above
categories defined in Governmental Accounting Standards Board (GASB) Statement
No.3 are as follows:
Catel:Q~ Carrying Market
2 3 Amount ~
Medium-Term
Notes $3,503,965 $ $ $ 3,503,965 $ 3,378,605
Cash with
Fiscal Agent 17,902,642 17,902,642 17,752,358
Deferred
Compensation ~J.~QJ.2~ ~1Z.2Q'.~~ i 5,142,002 5,142,002
California Local
Agency
Investment
Fund 15,097,825 15,097,825
California
Arbitrage Management
Program 611.986 611,986
TOTALS i 42.258.1,0 $41,282.776
FIXED ASSETS
A summary of changes in general fixed assets follows:
Balance Balance
July 1. 1993 AdditioDS Dedul<tioDS JUDe 3Q, 122~
Land and buildings $ 20,409,564 $ $ $ 20,409,564
Rolling equipment 3,928,296 375,209 145,792 4,157,713
Furniture and
equipment 4,040,017 626,254 399,945 4,266,326
Improvements other
than buildings 3,12~,822 3 12~,822
Investment in general
fixed assets $ J1.572.776 $ l.OO1.4@ $ 545.737 $ n.028.502
LONG-TERM DEBI
A schedule of long-term debt at June 30, 1994, is shown in Schedule 1. A schedule of
long-term obligation transactions and debt service requirements are shown in Schedule
2.
The City is "obligated in some manner" (as dermed by GASB Statement No.6) for
special assessment debt because it must cover delinquencies of special assessments
bonds with other resources until foreclosure proceeds are received or because it has
been indicated that it may do so.
11
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CITY OF SAN RAFAEL
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1994
Long-term debt does not include special assessment debt issued under the 1911 Bond
Act as the City is not liable in any manner for repayment. The County of Marin acts
as the City's agent for property owners in collecting the assessments and forwarding
the collections to bondholders. The outstanding balance of the 1911 Bond Act as of
June 30, 1994, is $157,065.
At June 30, 1994, the other long-term debt consists of a $169,000 promissory note
bearing interest at 8% with principal and accrued interest due and payable in November
2024. The note was assumed to fmance the purchase of certain property, by the
Redevelopment Agency.
5. FUND BALANCES
Fund balances consist of reserved and unreserved amounts. Reserved fund balances
represent that portion of a fund balance which is not appropriable for expenditure or is
legally segregated for a specific future use. The remaining portion is unreserved fund
balance. Portions of unreserved fund balance may be designated to indicate tentative
plans for financial resource utilization in a future period, such as for general
contingencies or capital projects. Such plans or intent are subject to change, have not
been legally authorized and may not result in expenditures.
A detailed schedule of the fund balances at June 30, 1994, is shown in Schedule 3.
6. EMPLOYEES' RETIREMENT PLAN
Plan Description
All permanent employees are eligible to participate in the Marin County Employees'
Retirement Fund (the Fund). The Fund is an agent mUltiple-employer defmed benefit
retirement plan that acts as a common investment and administrative agent for various
local governmental agencies within the County of Marin. The Fund provides
retirement, disability, and death benefits based on the employee's years of service, age
and fmal compensation. Employees vest after five years of service and are eligible to
receive retirement benefits after 20 years of service for safety employees and at the age
of 50 for other covered employees. These benefit provisions and all other
requirements are established by County ordinance.
The City contributed 18.94% of payroll to the Fund for public safety personnel and
9.44% for other covered employees for the year ended June 30, 1994. The City'S
covered payroll for employees participating in the Fund for the year ended June 30,
1994, was $15,271,617. The City'S 1994 payroll for all employees was $16,008,974.
The City, due to a collective bargaining agreement, also has a legal obligation to
contribute half of the employees' contribution up to a maximum of 7 % of payroll for
safety employees and 5% of payroll for all other employees. Employees have an
obligation to contribute the remaining portion.
12
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CITY OF SAN RAFAEL
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1994
Funding Status and Progress
The "pension benefit obligation" is determined for each participating employer by the
Fund's actuary and is a standardized disclosure measure that results from applying
actuarial assumptions to estimate the present value of pension benefits, adjusted for the
effects of projected salary increases and step rate benefits, to be payable in the future as
a result of employee service to date. The measure is intended to help users assess the
funding status of the City's portion of the Fund to which contributions are made on a
going-concern basis, assess progress made in ~ccumulating sufficient assets to pay
benefits when due, and make comparisons among employers. The measure is the
actuarial present value of credited projected benefits and is independent of the funding
method used. The pension benefit obligation was computed as part of an actual
valuation performed as of July 1, 1987, and updated as of July 1, 1990. The
significant actuarial assumptions used in the 1990 update to compute the pension
benefit obligation were an assumed rate of return on investment assets of 8 %, and
annual payroll increases of 10% per year before four years of service, and 6% per year
thereafter.
Total unfunded pension benefit obligation applicable to the City'S employee groups at
July 1, 1993, follows:
Pension Benefit Obligation:
Retirees and beneficiaries
currently receiving
benefits and terminated
employees not yet receiving
benefits
Current employees:
Accumulated employee
contributions and
allocated investment
earnings
Employer-fmanced, vested
Employer-fmanced, nonvested
Total pension benefit obligation
Net assets available for benefits,
at cost
Unfunded pension benefit obligation
$37,690,700
8,572,200
26,593,000
1.426,200
74,282,100
67.709,149
$6,572,951
Actuarially Determined Contributions Required and Contributions Made
The funding policy of the Fund provides for actuarially determined periodic
contributions by the City at rates such that sufficient assets will be available to pay
Fund benefits when due. The contribution to the Fund for the year ended June 30,
1993, of $3,075,985 was made in accordance with the actuarially determined
requirements computed as of July 1, 1993. The City contributed $2,559,801 (18.94%
of current covered payroll). The employees' contribution was $516,184 (9.44% of
current covered payroll) of which the City paid $623,786.
13
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CITY OF SAN RAFAEL
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1994
The contribution rate for normal cost is determined using the Entry Age Normal
Actuarial Cost Method, a projected benefit cost method. It takes into account those
benefits that are expected to be earned in the future as well as those already accrued.
The Fund also uses the level percentage of payroll method to amortize the unfunded
actuarial liability over a thirty year period.
Significant actuarial assumptions used in the 1992 valuation to compute the actuarially
determined contribution requirement are the same as those used to compute the pension
benefit obligation as described above.
Three-Year Historical Trend Information
Trend information gives an indication of the progress made in accumulating sufficient
assets to pay benefits when due. Seven-year trend information for the Fund may be
found in the City's supplementary section of the annual report.
For the City'S share of the Fund, trend information for the years ended June 30, 1993,
1992 and 1991 follows:
.l.223. .l.222 1221
Net assets available for
benefits, at cost $67,709,149 $59,981,950 $53,332,309
Pension benefit obligation 74,282,100 68,758,300 62,134,700
Net assets available for
benefits as a percentage
of pension benefit
obligation 91% 87% 86%
Unfunded pension benefit
obligation 6,572,951 8,776,350 8,802,391
Annual covered payroll 13,230,660 13,759,522 13,759,522
Unfunded pension benefit
obligation as a percentage
of annual covered
payroll 50% 64% 64%
Employer's contributions, made in accordance with actuarially determined
requirements, as a percentage of annual covered payroll was 19%, 20% and 20% for
1993, 1992, and 1991, respectively.
Post-employment Health Care Benefits
In addition to providing pension benefits, the government provides certain health care
benefits for retired employees and their spouses. Substantially all of the City's
employees may become eligible for these benefits if they are receiving a retirement
benefit from the Marin County Employees Retirement Fund within 120 days of
retirement from City employment. The cost of retiree health care benefits is
recognized as an expenditure as claims are paid. For 1994, those costs total $218,932.
14
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CITY OF SAN RAFAEL
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1994
7. DEFERRED COMPENSATION PLAN
8.
9.
The City offers its employees a deferred compensation plan created in accordance with
Internal Revenue Code Section 457. The plan, available to all City employees, pennits
them to defer a portion of their salary until future years. The deferred compensation is
not available to employees until termination, retirement, death, or unforeseeable
emergency.
All amounts of compensation deferred under the plan, all property and rights purchased
with those amounts, and all income attributable to those amounts, property, or rights
are (until paid or made available to the employee or other beneficiary) solely the
property and rights of the City (without being restricted to the provisions of benefits
under the plan), subject only to the claims of the City's general creditors. Participants'
rights under the plan are equal to those of general creditors of the City in an amount
equal to the fair market value of the deferred account for each participant.
RISK MANAGEMENT
The City is self-insured for general liability purposes for the frrst $500,000 per
occurrence and for workers' compensation purposes for the frrst $250,000 per
occurrence. The City purchases commercial insurance for workers' compensation
claims in excess of self-insurance coverage, and is a member of the California Joint
Powers Risk Management Authority for liability claims in excess of self-insurance
coverage. Settled claims have not exceeded this coverage in any of the last two fiscal
years.
The general fund has reserved $1,815,009 for the payment of insurance claims. The
claims liability of $80,751, shown in the generallong-tenn obligation account group, is
based on the requirements of GASH Statement No. 10, which requires that a liability
for claims be reported if infonnation prior to the issuance of the fmancial statements
indicates that it is probable that a liability has been incurred at the date of the fmancial
statements and the amount of the loss can be reasonably estimated.
INVESTMENT IN JOINT VENTURES
The City participates in two joint venture activities through fonnally organized and
separate entities established under the Joint Exercise of Powers Act of the State of
California. As separate legal entities, these entities exercise full powers and authorities
within the scope of the related Joint Powers Agreement including the preparation of
annual budgets, accountability for all funds, the power to make and execute contracts,
and the right to sue and be sued. Obligations and liabilities of the separate entities are
not those of the City.
The Marin County Miijor Crimes Task Force (the Task Force) was established by
twelve local law enforcement agencies to conduct narcotics investigations in Marin
County. The Task Force has an oversight committee consisting of three city managers,
one council member and one member of the board of supervisors.
15
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CITY OF SAN RAFAEL
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1994
The California Joint Powers rusk Management Authority (the Risk Management
Authority) which began operations in February 1986, is a governmental self-insurance
cooperative organized under a joint power agreement. The Risk Management
Authority pools self-insurance losses of charter and associate members, develops risk
management programs, and provides for administration of pooled coverage claims.
The summary of annual fmancial information for the Task Force for the fiscal year
ended June 30, 1993, and the Risk Management Authority for the fiscal year ended
June 30, 1994 (date of most recent available audited fmancial statements), is as
follows:
Total assets
Total liabilities
Total fund balance/retained earnings
Total revenues
Total expenditures/expenses
Net increase
10. LITIGATION
Task Force
Fiscal Year
1992/93
$1,648,764
126,033
1,522,731
1,206,095
701,123
504,972
Risk Management Authority
Fiscal Year
1993/94
$36,323,910
21,532,499
14,791,411
7,390,970
8,390,092
177,482
There are several pending lawsuits in which the City is involved. The City'S attorneys
estimate that the potential claims against the City not covered by insurance resulting
from such litigation would not materially affect the fmancial statements of the City.
11. PRIOR PERIOD ADJUSTMENTS
Special Reyenue Funds
The adjustment to the fund balance of $3,412 was due to an under accrual of accounts
receivable.
Debt Service Funds
The adjustment to the fund balance of ($43,467) was due to an under accrual of
accounts payable.
Capital Projects Funds
The adjustment to the fund balance of ($6,205) was due to an under accrual of accounts
payable.
16
(UID.IUGVNf))
NOI.LVWlIO~N!
XlIV.LN3W3'IddflS
r
(
r
(
'-'---~ .... .. -~
CITY OF SAN RAFAEL
LONG-TERM DEBT
JUNE 30, 1994
...._------
INTEREST AUTHORIZED OUTSTANDING
MATURITY RATES AND ISSUED JUNE 30,1994
Tax Allocation Bonds (a):
1977 Series
1992 Series
Total Tax Allocation Bonds
Special Assessment Bonds
(with governmental commitment) (b):
East San Rafael Drainage No, 1
East Francisco Boulevard
Lucas Valley
Sun Valley
Northgate/Civic Center
Northgate/Civic Center -Refunding
Kerner Boulevard Refunding
Peacock Gap Improvement
Peacock Gap Refunding
Mariposa Road Assessments
Total Special Assessment Bonds
(with governmental commitment)
Other Long-term Debt
Total Long-term Debt
1995
2017
1992
1997
1998
2006
2011
2011
2005
2005
2005
2008
2025
Debt service payments are generally made from the following sources:
(a) Incremental property taxes recorded in the Redevelopment Agency
(Capital Projects) Fund
(b) Special assessment revenues recorded in the various Special
Assessment (Debt Service) Funds
5,25 -6,00
3,25 -6.45
6,00
8,00 -11,00
5,50 - 5 ,75
5,50 -8,50
7,00 -9,70
5,25 -7,60
5,75 -8,0
10,00 -10,85
4,00 -4,75
4,50 -6,90
8.00
SCHEDULE 1
17
4,660,000
18,615,000
2,067,280
75,965
217,393
357,326
4,435,920
3,365,000
6,445,000
9,171,065
2,405,000
233,688
1,165,000
17.495,000
18,660,000
10,000
15,000
70,000
254,000
3,225,000
4,000,000
2,405,000
233,688
10,212,688
169,000
$29,041,688
'---
Balance at June 30, 1993
Additions:
Vacation and sick leave
obligations (net)
Outstanding claims (net)
Refundings
Retirements :
Principal repayments
Balance at June 30, 1994
'---' ----. '--
CITY OF SAN RAFAEL
LONG-TERM OBLIGATION TRANSACTIONS AND DEBT SERVICE REQUIREMENTS
JUNE 30, 1994
GENERAL TAX SPECIAL OTHER LIABILITY VACATION AND
OBLIGATION ALLOCATION ASSESSMENT LONG-TERM LEASE SICK LEAVE OUTSTANDING
BONDS BONDS BONDS DEBT TOTAL DEBT PURCHASES OBLIGATIONS_ CLAIMS
$185,000 $19,535,000 $ 12,293,688 $169,000 $ 32,182,688 $ 127,180 $ 1,959,779 $ 2,202,225
(273,595)
(2,121,474)
2,638,688 2,638,688
(185.000) (875.oooL (4.719.688) {S.179.688L ~J27.1801
$ $18.669 000 $ to 212.688 $169000 $ 29041,688 $ $ 1.686.184 $ 80.751
Debt service requirements, including interest, follows:
Year Ending June 30:
1995
1996
1997
1998
1999
Thereafter
Total
GENERAL TAX SPECIAL OTHER LIABILITY
OBLIGATION ALLOCATION ASSESSMENT LONG-TERM LEASE
BONDS BONDS BONDS _ _DEBT____ __ PURCHASES__ ___---'I'OTAL
$ $ 2,043,185 $ 1,233,582 $ $ 31,813 $ 3,308,580
2,045,366 1,757,933 24,403 3,827,702
1,425,356 1,467,018 22,560 2,914,934
1,424,614 1,938,926 20,380 3,383,920
1,427,057 1,993,561 3,420,618
27.195.284 13.326.589_ _169.~_______ _ ______ A0.620.813
$ $35569.862 $ 21,7 17 ·609 $ 169·000 $ 99 156 $ 57.516.627
SCHEDULE 2
1 8
Fund balances:
Reserved:
Encumbrances
Debt service
Refunds and projects
Redevelopment
Insurance claims
Inventory/petty cash
Accounts receivable
Total Reserved
Unreserved and designated for:
Construction
Debt service
Traffic mitigation
Working capital
Total Unreserved
and Designated
Unreserved and Undesignated
'-----'
TOTAL FUND BALANCES
'----
CITY OF SAN RAFAEL
FUND BALANCES
JUNE 3D, 1994
~ ~
FIDUCIARY
GOVERNMENTAL FUND TYPES FUND TYPE TOTAL
SPECIAL DEBT CAPITAL TRUST AND (MEMORANDUM
GENERAL_ ~\TENUE _SERVICE__ PROJECTS AGENCY ONLY)
$ 131,052 $ 87,746 $ $ 559 $ $ 219,357
2,170,143 2,170,143
1,498,394 3,731,032 40,856 5,270,282
11,934,769 11,934,769
1,026,405 1,026,405
8,626 8,626
430.460 647 055 191.959 1.269.474
3.094,937 4.465 833 2.170 143 12 127287 40.856 21 899056
512,042 512,042
1,518,518 1,518,518
3,756,767 3,756,767
2.706.609 2.706.609
2.706.609 _ _ ___ 3.756.767 1.518.518 512.042 8.493.936
184,959 5,651.683 856.993 57,239 459,862 7210.736
$ 5.986.505 $ 13 874.283 $ 4 545.654 $12.696 568 $ 500 718 $ 37 603 728
SCHEDULE 3
19
'---'----'
---ASSETS---
Cash and investments
Accounts receivable
Prepaid items
TOTAL ASSETS
- - -LIABILITIES AND
FUND BALANCES - - -
LIABILITIES:
Accounts payable and accrued salaries
Deposits and advances
Total Liabilities
FUND BALANCES:
Reserved
Unreserved:
Designated
Undesignated
Total Fund Balances
TOTAL LIABILITIES
AND FUND BALANCES
CITY OF SAN RAFAEL
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET
JUNE 30, 1994
RECREATION ASSESSMENT PARKING GAS EQUIPMENT SPECIAL PROPERTY MISCElLANEOUS OTIIER
REVOLVING DISTRICT SERVICE TAX CHILDCARE REPLACEMENT REVENUE DISPOSAL SPECIAL MITIGATION
FUND FUND FUND FUND FUND FUND FUND FUND REVENUE FUNDS
$21 ,919
44
$3,793 $311,752 $621,325
12,751
$33,280
5.032
$1,548,036
17,737
$976,385 $ 940,036 $ 894,045
57,025
$ 7,985,917
$21.963 $3.793 $ 324.503 $621.325 $38.312 $ 1.565.773 $ 976.385 $ 940.036 $ 951.070 $ 7.985.917
$12,465 $7,132 $ 3,770 $ $14,412 $ 19,784 $ 2,440
106.251
12.465 7.132 3.770 14.412 19.784 108.691
9,498 (3,339) 320,733 29,110 23,900 1,545,989 867,694
$ $ 7,447 $ 120,574
7.447 120.574
940,036 7,332
321,420 3,435,347
592.215 614.871 4.429.996
9.498 (3.339) 320.733 621.325 23.900 ~.545.989 867.69L .940.036 943.623 7.865.343
$21.963 $3 .793 $324.503 _ $621.325 _S38.3JL $ 1.565.773 $976.385 S 940.036 $951.070. __ .$7.985.917
(Continued) - 1
20
---ASSETS ---
Cash and investments
Accounts receivable
Prepaid items
TOTAL ASSETS
---LIABll..ITIES AND
FUND BALANCES ---
LIABll..ITIES:
Accounts payable and accrued salaries
Deposits and advances
Total Liabilities
FUND BALANCES:
Reserved
Unreserved:
Designated
Undesignated
Total Fund Balances
TOTAL LIABll..ITIES
AND FUND BALANCES
~
CITY OF SAN RAFAEL
SPECIAL REYENUE FUNDS
COMBINING BALANCE SHEET
JUNE 30, 1994
INTEGRATED
2ND STREET ON-LINE FEDERAL
RECREATION PARK FALKIRK TRAFFIC HAZARD LmRARY LITERACY
GRANT GRANT MITIGATION LmRARY GRANT MITIGATION ELIMINATION SYSTEM GRANT
BJNDS FUND BJND FUND FUND FUND FUND BJND BJND TOTALS
$34,666
798
$ -$ -$51,652 $73,854 $ 26,232
558,700
$ -$ 495 $ (3,466) $ 13,519,9'"
647,(.,
5.032
$35,464 $ -$ -$51 652 $73 854 $584.932 $ -$ 495 $ (3466) $ 14.172 008
$ 3,213 $ -$ -$ $ 237 $ $ -$ -$ $ 191,474
106.251
3.213 237 297 725
14,679 51,652 73,617 584,932 4,465,833
3,756,767
17 572 495 (3 466) 5 651 611'
32251 51 652 73617 584932 495 (3466) 13 874 283
$35,464 $ -$ -$51 652 $73 854 $584932 $ -$ 495 $ q 466) $ 14 172 008
(Concluded) - 2
21
REVENUES:
Taxes and special assessments
Licenses and pennits
Uses of money and property
Intergovernmental
Charges for current services
Other
Total Revenues
EXPENDITURES:
Current:
General government
Public safety
Public works and parks
Recreation
Other
Capital Outlay
---' o...--J
CITY OF SAN RAFAEL
SPECIAL REVENUE BlNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN BlND BALANCES
FOR THE FISCAL YEAR ENDED JUNE 30, 1994
'-----
RECREATION ASSESSMENT PARKING GAS EQUIPMENT SPECIAL PROPERTY MISCEllANEOUS OTIIER
REVOLVING DISTRICT SERVICE TAX CHILDCARE REPLACEMENT REVENUE DISPOSAL SPECIAL MITIGATION
$
FUND FUND FUND FUND FUND_ ... ___ __ FUND ____ -----.EUND__ _.EUND REVENUE FUNDS
$26,788
759,481
$
524,406
11,523
$
19,565
978,562
$ $ $ $ $ 12,376 $
1,998 64,255 26,349 29,223 30,582 334,950
92,018 108,194
1,488,012 396,777 15,911 322,041
605_ ---.l4.594 565.951396.849 30.087 382.219
759481 26788 536534 I 012721 I 582028 630206 423 126 426072 197 150 1 039210
422,358
29,487 1,528,768
751,819
240.835 29.360 339.260
535
494,968
41,497
118,091
128,547 485,386
122.147 1.164
Total Expendib.1res 751 819 29487 422358 240 835 1 558 128 339.260 494 968 535 410.282 486550
EXCESS (DEFICIENCy) OF REVENUES
OVER (UNDER) EXPENDITURES 7662 (2699) 114,176 771 886 23900 290 946 C7J 842) 425537 (213.132) 55266Q
OTHER FINANCING SOURCES (USES):
Operating transfers -In 5,000 69,640 5,595 174,497 926,545
Operating transfers -Out C! 500) (350 (00) C78 821) (79639) (43619)
Total Other Financing
Sources (Uses) C! 500) (345 (00) 69640 m 225) (5 142) 882226
EXCESS (DEFICIENCy) OF REVENUES
AND OTHER FINANCING SOURCES
OVER (UNDER) EXPENDITURES
AND OTHER FINANCING USES
FUND BALANCES AT
BEGINNING OF YEAR
PRIOR PERIOD ADJUSTMENTS
BlND BALANCES AT END OF YEAR
7,662 (4,199) 114,176 426,886 23,900 290,946 (2,202) 352,311 (218,274) 1,435,586
1,836 860 206,557 194,439 1,255,043 867,561 587,725 1,178,289 6,429,757
2.335 (16.392)
$ 2,498 $ C3 339) $320733 $ 621 325 S 23 900 $1 545989 $86] 694 $949,036 $ 943.623 $ 7865343
(Continued) - 1
22
REVENUES:
Taxes and special assessments
Licenses and permits
Uses of money and property
Intergovernmental
Charges for current services
Other
Total Revenues
EXPENDITURES:
Current:
General government
Public Safety
Public works and parks
Recreation
Other
Capital Outlay
Total Expenditures
EXCESS (DEFICIENCy) OF REVENUES
OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES):
Operating transfers -In
Operating transfers -Out
Total Other Financing
Sources (Uses)
EXCESS (DEFICIENCy) OF REVENUES
AND OrnER FINANCING SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER FINANCING USES
FUND BALANCES AT
BEGINNING OF YEAR
PRIOR PERIOD ADJUSTMENTS
FUND BALANCES AT
END OF YEAR
'----'
CITY OF SAN RAFAEL
SPECIAL REVENUE BJNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
FOR THE FISCAL YEAR ENDED JUNE 30, 1994
INTEGRATED
2ND STREET ON-LINE FEDERAL
FALKIRK TRAFFIC TRAFFIC HAZARD LmRARY
GRANT LmRARY GRANT MmGATION ELIMINATION SYSTEM GRANT
FUNDS FUND BJND BJND FUND FUND BJND TOTALS
$ $ $ $ $ $ $ $ 39,164
524,406
15,443 19,222 553,110
76,684 113,063 3,922 20,106 1,392,549
42,700 3,024,922
16827 8119 1415321
109 024 42.700 113 063 19222 12 041 20 106 6949 472
78,539
321 59,982 70,293
11,496 15,518 569,943
118,091
1,558,255
751,819
1,239,497
481.058 1.213.824
78860 59982 70293 481 058 II 496 15518 5451.429
30 164 07 282) 42 770 (461 836) 545 4 588 1 498 043
43,619 1,224,896
(926.545) . (L58O.l24)
(882.926) _ _ -____ (355.228)
30,164 (17,282) 42,770 (1,344,762) 545 4,588 1,142,815
2,087 51,177 30,847 1,929,694 (50) (7,766) 12,728,056
17.757 _(288L _ 3A12
$32251 $51 652 $73617 $ 584932 $ -$ 495 $ C3 166) $13.874283
(Concluded) - 2
23
~--
- - -ASSETS - - -
Cash and investments
Accounts receivable
Loan receivable
TOTAL ASSETS
'---
- - -LIABILITIES AND FUND BALANCES
LIABILITIES:
Accounts payable and accrued salaries
Deposits and advances
Total Liabilities
FUND BALANCES:
Reserved
Unreserved:
Designated
Undesignated
Total Fund Balances
TOTAL LIABILITIES
AND FUND BALANCES
CITY OF SAN RAFAEL
CAPITAL PROJECTS FUNDS
COMBINING BALANCE SHEET
JUNE 3D, 1994
... --~ ~
EAST PEACOCK GAP
SPECIAL OPEN FRANCISCO ASSESSMENT
'ASSESSMENT SPACE ASSESSMENT PARKS DISTRICT
BOND FUND FUND BOND FUND FUND ____ FUND
$355,691 $ 350,833 $ 6,225 $ (2,778) $145,908
$355,691 $ 350,833 $ 6,225 $ (2778) $ 145 908
$ $ $ $ $
355,691
350,833 6,225 (2,778) 145,908
355,691 350,833 6,225 (2 778) 145,908
$355 691 $ 350,833 $ 6225 $ (2,778) $145,908
(Continued) - 1
24
---ASSETS---
Cash and investments
Accounts receivable
Loan receivable
TOTAL ASSETS
.. --
- - -LIABILITIES AND FUND BALANCES
LIABILITIES:
Accounts payable and accrued salaries
Deposits and advances
Total Liabilities
FUND BALANCES:
Reserved
Unreserved:
Designated
Undesignated
Total Fund Balances
TOTAL LIABILITIES
AND FUND BALANCES
CITY OF SAN RAFAEL
CAPITAL PROJECTS FUNDS
COMBllUNG BALANCE SHEET
JUNE 30, 1994
SUN VALLEY LOW AND CIVIC CENTER REDEVELOPMENT
OPEN SPACE REDEVELOPMENT MODERATE NORTHGATE AGENCY
PEACOCK GAP ASSESSMENT ADMINISTRATION HOUSING REFUNDING REFUNDING
REFUNDING FUND FUND FUND FUND FUND TOTALS
$ 9,401 $11,854 $4,616,783 $ 526,663 $ 47,838 $6,231,580 $12,299,998
75,566 1,980 114,413 191,959
302.691 _ ---"'__ _ _302.697
$ 2,401 $11,854 $4 692.349 S 831 340 S 47.838 $6.345993 $12.794 654
$ $ $ 6,444 $ 3,574 $ $ 38,068 $ 48,086
50.000 50.000
56.444 3.574 38.068 98.086
4,635,905 827,766 6,307,925 12,127,287
11,854 512,042
9.401 47.838 57.239
9,401 11 854 4.635,905 827,766 47 838 6 307,925 12.696.568
$ 2,401 $11 854 $4.622,349 S 831,349 S 47838 $6.345 993 $12,724.654
(Concluded) - 2
25
'---
CITY OF SAN RAFAEL
CAPITAL PROJECTS FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
FOR THE FISCAL YEAR ENDED JUNE 30,1994
REVENUES:
Taxes and special assements
Uses of money and property
Intergovenunental
Other
Total Revenues
EXPENDITURES:
Current:
General govenunent
Other
Capital outlay
Interest and fiscal charges
Total Expenditures
EXCESS (DEFICIENCy) OF REVENUES
OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES):
Operating transfers -In
Operating transfers -Out
Total Other Financing Sources (Uses)
EXCESS (DEFICIENCy) OF REVENUES
AND OTHER FINANCING SOURCES
OVER (UNDER) EXPENDITURES AND OTHER
FINANCING USES
FUND BALANCES AT BEGINNING OF YEAR
PRIOR PERIOD ADJUSTMENT
FUND BALANCES AT END OF YEAR
EAST PEACOCK GAP
SPECIAL OPEN FRANCISCO ASSESSMENT
ASSESSMENT SPACE ASSESSMENT PARKS DISTRICT
BOND FUND FUND __ _ BOND FUND _ FUND JUND
$ $ $ $ $
5,016 286 6,180
163 613 180
163 613 5,016 286 6,360
7,778
37,500
37,500 7,778
126,113 5016 286 0 778) 6360
5,000
()2,381l (50)
()2,381l (50)-5,000
113,732
241,959
5,016
345,817
(464)
6,689
(2,778) 6,360
139,548
$ 355 691 $ 350 833 $ 6,225 $ (2,778) $ 145,908
(Continued) - 1
26
"-
REVENUES:
Taxes and special assessments
Uses of money and property
Intergovernmental
Other
Total Revenues
EXPENDITURES:
Current:
General Government
Other
Capital outlay
Interest and fiscal charges
Total Expenditures
EXCESS (DEFICIENCy) OF REVENUES
OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES):
Operating transfers -In
Operating transfers -Out
Total Other Financing Sources (Uses)
EXCESS (DEFICIENCy) OF REVENUES
AND OTHER FINANCING SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER FINANCING USES
FUND BALANCES AT BEGINNING OF YEAR
PRIOR PERIOD ADJUSTMENTS
FUND BALANCES AT END OF YEAR
..;
CITY OF SAN RAFAEL
CAPITAL PROJECTS FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
FOR THE FISCAL YEAR ENDED JUNE 30, 1994
SUN V ALLEY LOW AND CIVIC CENTER! REDEVELOPMENT
PEACOCK OPEN SPACE REDEVELOPMENT MODERATE NORTH GATE AGENCY
GAP ASSESSMENT ADMINISTRATION HOUSING REFUNDING REFUNDING
REFUNJ)ING FUNJ) FUND FUND FUND FUND TOTALS
$ $ $ $ 587,447 $ $ $ 587,447
625 254,348 43,036 2,422 232,592 544,505
116 116
14.249 396.189 116.12~_ ~9
116 625 268.597 1.026.672 _ ___ 2.422 349 390 1.823.097
134,588 765 135,353
776,110 219,530 391,613 1,395,031
5,957 43,457
480.667 A80.667
134,588 1,262,734 219 530 765 391.613 2,054.508
034.472) 625 (994 137> 807,142 1 657 (42223) (231411)
170,988 175,988
(27.115) (4.024> 0.381) 02 717) (3535) (61 903)
143,873 (4,024> (J 38)) 02 717) (3 535) 114 085
9,401 (3,399) (995,518) 807,142 (11,060) (45,758) (117,326)
15,253 5,636,392 21,724 58,898 6,353,683 12,819.963
(4.969) _____ (1.100) (6.069)
S 9 491 $ I 1.854 $4.635 905 S 827.766 $ 47.838 56.307.925 S 12.696.568
(Concluded) - 2
27
----'
- - -ASSETS - - -
Cash and investments
Cash with fiscal agent
L--..
Deferred assessments receivable
Prepaid items
TOTAL ASSETS
- - -LIABILITmS AND
FUND BALANCES - - -
LIABILITIES:
Accounts payable and accrued salaries
Deferred revenue
Total Liabilities
FUND BALANCES:
Reserved for debt service
Unreserved:
Designated
Undesignated
Total Fund Balances
TOTAL LIABILITIES
AND FUND BALANCES
CITY OF SAN RAFAEL
DEBT SERVICE FUNDS
COMBINING BALANCE SHEET
JUNE 30, 1994
KERNER EAST
~ --1 --
GENERAL ASSESSMENT FRANCISCO PEACOCK
OBLIGATION REFUNDING BOULEVARD KERNER SUN VALLEY MARIPOSA REFUNDING
$
FUND__ FUND FUND FUND FUND FUND FUND
$260,022 $ 23,541
6.976
$ 651,047
607,449
720,369
$ 76,088
35,351
$ 70,363
1,191
$ 675,292
470,015
$ $260 022 $ 30 51? $1 978.865 $ III 439 $ 71.554 $ 1.145.307
$ $ $ $ $ $ $ 182
6.976 720.369 35.351 1.191 600.745
6.976 720.369 _ 35.351 1.191 600.927
23,541 544,380
260,022 1.258,496
76.088 70.363
260.Q22 23.541 1.258.496 _ 76.088 70.363 544.380
$ $260 022 $ 30 517 $1.978,865 $ 111 439 $ 71.554 $ 1.145.307
(Continued) - 1
28
'---
- - -ASSETS - - -
Cash and investments
Cash with fiscal agent
Deferred assements receivable
Prepaid items
TOTAL ASSETS
- - -LIABILITIES AND FUND BALANCES - - -
LIABILITIES:
Accounts payable and accrued salaries
Deferred revenue
Total Liabilities
FUND BALANCES:
Reserved for debt service
Unreserved:
Designated
Undesignated
Total Fund Balances
TOTAL LIABILITIES
AND FUND BALANCES
CITY OF SAN RAFAEL
DEBT SERVICE FUNDS
COMBINING BALANCE SHEET
JUNE 30, 1994
REDEVELOPMENT
CIVIC CENTER! 1915 ACT AGENCY
NORTHGATE BONDS REDEVELOPMENT REFUNDING
FUND FUND AGENCY FUND FUND TOTALS
$277,057
169,612
333,552
$ 64,350
14,690
$
710,542
$ $ 2,097,760
542,553 2,030,156
1,582,144
548.711 548.711
$780.221 $79940 $710542 $ 1 091 264 $ 6.258771
$ 61 $ $ $ $ 243
333 552 14,690 I 712,874
333 613 14 690 I 713 117
446,608 64,350 1,091,264 2,170,143
1,518,518
710.542 856.993
446 608 64 350 710 542 1.091.264 4.545.654
$ 780221 $79.940 $ 710.542 $ 1.091,264 $ 6,258.771
(Concluded) - 2
29
REVENUES:
Taxes and special assessments
Uses of money and property
Other
Total Revenues
EXPENDITURES:
Current:
General government
Principal retirement
Interest and fiscal charges
Total Expenditures
EXCESS (DEFICIENCy) OF REVENUES
OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES):
Bond proceeds
Operating transfers -In
Operating transfers -Out
Residual equity transfer
Payment of defeased debt
Total Other Financing Sources (Uses)
EXCESS (DEFICIENCy) OF REVENUES
AND OTHER FINANCING SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER FINANCING USES
FUND BALANCES AT
BEGINNING OF YEAR
PRIOR PERIOD ADJUSTMENTS
FUND BALANCES AT END OF YEAR
------
CITY OF SAN RAFAEL
DEBT SERVICE FUNDS
-----... ~ "----~--'
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
FOR TIlE FISCAL YEAR ENDED JUNE 30, 1994
KERNER EAST
GENERAL . ASSESSMENT FRANCISCO PEACOCK
OBLIGATION REFUNDING BOULEVARD PEACOCK KERNER SUN VALLEY MARIPOSA REFUNDING
FUND FUND FUND FUND FUND FUND FUND FUND
$ 7,282 $
12,799
$ 5,389 $ 208,350
37,583
353
$2,151,046
22,164
$ 34,664
2,701
$ 44,928
2,306
$ 350,975
46,205
7282 12,799 5389 246286 2 173,210 37,365 47234 $ 397,180
50,988
188,756 7,375 195,000 1,260,000 12,000
172.894 _469.750 ___ ... 25.899 _15.896 __ 128.846
188,756 7 375 367,894 1,729,750 37,899 66 884 128,846
081,474) 12,799 0 986> 021 608) 443.460 (534) 09,650) 268,334
(27,078) (58,750)
750
(71,644)
(1,139,809)
58,750 4,024 20,660
(20,660)
2,405,000
138,781
(170,988)
1,139,809
(3.236.556>
(27078) (58750) 750 (1,211 453) 58750 4024 276046
(208,552) (45,951) (1,236) (1,333,061)
208,552 305,973 24,777 1,333,061
502,210
738,726
17.560
3,490
72,598
(19,650) 544,380
90,013
$ $ 260.922 $ 23 541 $ $1,258496 $ 76,m:8 $ 70.363 $ 544.380
(Continued) - 1
30
--'
CITY OF SAN RAFAEL
DEBT SERYICE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
FOR THE FISCAL YEAR ENDED JUNE 30, 1994
REVENUES :
Taxes and special assessments
Uses of money and property
Other
Total Revenues
EXPENDITURES:
Current:
General government
Principal retirement
Interest and fiscal charges
Total Expenditures
EXCESS (DEFICIENCy) OF REVENUES
OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES):
Bond proceeds
Operating transfers -In
Operating transfers -Out
Residual equity transfer
Payment of defeased debt
Total Other Financing Sources (Uses)
EXCESS (DEFICIENCy) OF REVENUES
AND OTHER FINANCING SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER FINANCING USES
FUND BALANCES AT BEGINNING OF YEAR
PRIOR PERIOD ADJUSTMENT
FUND BALANCES AT END OF YEAR
REDEVELOPMENT
CIVIC CENTER! 1915 ACT AGENCY
NORTHGATE BONDS REDEVELOPMENT REFUNDING
FUND FUND AGENCY FUND FUND TOTALS
$ 381,524
17,121
$ 27,313 $595,525
22,668
$1,417,641
57,922
$ 5,224,637
221,469
353
398.645 27,313 618,193 1 475,563 5446.459
50,988
95,000 14,000 535,000 340,000 2,647,131
250887 4,740 106397 1,081,176 2256485
345.887 18,740 641 397 1,421,176 4,954 604
52 .758 8573 (23,204) 54387 491,855
52,758 8,573
1,381
(14,964)
3,535
2,405,000
227,881
(364,084)
(3.236.556)
(13.583) 3.535 _(961.159)
(36,787) 57,922 (475,904)
386 ,221 55,777 747,329 1,101,998 5,065,025
7.629 (68.656) (43 467>
$ 446,608 $ 64,350 $ 710.542 $ 1 091 264 $ 4 545.654
(Concluded) - 2
31
----
---ASSETS---
Cash and investments
TOTAL ASSETS
- - -LIABILITIES AND FUND BALANCES - - -
LIABILITIES:
Accounts payable and accrued salaries
Deferred compensation liability
Total Liabilities
FUND BALANCES:
Reserved
Total Fund Balances
TOTAL LIABILITIES AND
FUND BALANCES
'----'-
CITY OF SAN RAFAEL
TRUST AND AGENCY FUNDS
COMB~GBALANCESHEET
JUNE 3D, 1994
EXPENDABLE TRUST FUNDS
AGENCY FUND MISCELLANEOUS BUSINESS LIBRARY DAVIDSON
DEFERRED FIDUCIARY IMPROVEMENT FIDUCIARY REQUEST
COMPENSATION FUND FUND FUND FUND TOTALS
$5 142 003 $ 29203 $ 13474 $ 10,653 $449,388 $5644721
$5,142,003 $ 29203 $ 13,474 $ 10,653 $449388 $5,644,721
$ $ $ 2,000 $ $ $ 2,000
5 142 003 5 142,003
5,142 003 2000 5 144 003
29,203 11.474 1O,65L __ __ 449,388 _ 500 718
29,203 11.474 10,653_mn ______ 449,388__ 500 718
$5,142,003 $ 29203 $ 13,474 $ 10,653 $449,388 $5644 721
32
-
'------' '---"~
CITY OF SAN RAFAEL
ExPENDABLE TRUST FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
FOR THE FISCAL YEAR ENDED JUNE 30, 1994
REVENUES:
Uses of money and property
Other
Total Revenues
EXPENDITURES:
Current:
General government
Other
Total Expenditures
EXCESS (DEFICIENCy) OF REVENUES
OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES):
Operating transfers -Out
Total Other Financing
Sources (Uses)
EXCESS (DEFICIENCy) OF REVENUES
AND OTHER FINANCING SOURCES
OVER (UNDER) EXPENDITURES AND OTHER
FINANCING USES
FUND BALANCES AT BEGINNING OF YEAR
FUND BALANCES AT END OF YEAR
MISCELLANEOUS BUSINESS LmRARY DAVIDSON
FIDUCIARY IMPROVEMENT FIDUCIARY REQUEST
FUND FUND FUND FUND TOTALS
$ 247 $ $ 452 $ 27,540 $ 28,239
23.764_ 23.764
247 23764 452 27,540 52003
205,536 205,536
51' 42.199_ 600 _ 42.850
5~_ 42.199_ 600 205.536 248.386
196 08.435) (148) 077 996) 096.383)
(129 000) (129 000)
029.000) (129.000)
196 (18,435) (148) (306,996) (325,383)
29007 29,909 to,801 756,384 826.101
$ 29.203 $11 474 $ to 653 $ 449,388 $ 500 718
33
I
I
]
CITY OF SAN RAFAEL
AGENCY FUND
34