HomeMy WebLinkAbout1996-1997 General Purpose Financial Statementsc. G. UHLENBERG & co. LLP
CERTIFIED PUBLIC ACCOUNTANTS
ROBERT E. BARSANTI, C.P.A. PEGGY H. CHEN, C.P.A . JEFFREY J. IRA . C .P.A
February 11, 1997
Mr. Kenneth Nordhoff
Director of Administrative Services
City of San Rafael
14QO -5th Avenue
P. O. Box 151560
San Rafael, CA 94915-1560
Dear Ken:
Via Federal Express
Enclosed is one original and ten copies of our management letter dated
December 13, 1996, covering our audit of the general purpose financial
statements of the City of San Rafael for the fiscal year ended June 30, 1996.
Please let us know if you need any additional copies. Thanks!
Very truly yours,
C. G. UHLENBERG & CO.
JJI/jm
Encl.
647 Veterans Boulevard, Redwood City, CA 94063
Phone (415) 365-2323 • (408) 733-9944 • (510) 353-0330
Fax (415) 365-8394
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c. G. UHLEN BERG & co. LLP
CERTIFIED PUBLIC ACCOUNTANTS
ROBERT E. BARSANTI . C,PA PEGGY H. CHEN . C P.A. J EFF REY J, IRA . C.P,A
December 13, 1996
Rodney Gould, City Manager
City of San Rafael
1400 Fifth Avenue
San Rafael, California 94915-0060
Dear Mr. Gould:
We would like to express our appreciation to your staff for their cooperation and assistance
during the course of our engagement. During that time we discussed various aspects of
operations and internal controls with your staff. We were extremely pleased with the eagerness
of the City's staff to discuss and correct any potential problems. We look forward to working
together with the City in the years to come.
In planning and performing our audit of the general purpose financial statements for the fiscal
year ended June 30 , 1996, we considered its internal control structure in order to determine our
auditing procedures for the purpose of expressing an opinion on the general purpose financial
statements and not to provide assurance on the internal control structure. Our consideration of
the internal control structure would not necessarily disclose all matters that might be material
weaknesses under standards established by the American Institute of Certified Public
Accountants. A description of the responsibility of the management for establishing and
maintaining the internal control structure, and of the objective of inherent limitations in such a
structure, is set forth in the attached Appendix, and should be read in conjunction with this
report.
A material weakness is a condition in which the design or operation of the specific internal
control structure elements does not reduce to a relatively low level the risk that errors or
irregularities in amounts that would be material, in relation to the general purpose financial
statements being audited, may occur and not be detected within a timely period by employees in
the normal course of performing their assigned functions.
We noted no matters involving the internal control structure and its operations that we consider
to be material weaknesses as defined above. The following comments present our findings with
suggested solutions for your consideration and possible implementation.
647 Veterans Boulevard, Redwood City, CA 94063
Phone (415) 365-2323 • (408) 733-9944 • (510) 353-0330
Fax (415) 365-8394
\
While conducting the audit, we discussed various aspects of operations and internal controls with
management. We feel very positive about the improvements that have been implemented in the
past year, especially in light of the budget constraints facing the City.
This letter is intended solely for the information and use of management and the City Council
and should not be used for any other purpose. This restriction is not intended to limit distribution
of this letter which is a matter of public record.
We would be pleased to discuss these matters in greater detail at your convenience.
Again, we would like to express our appreciation for the courtesy and assistance extended to us
during the conduct of our audit by the staff of the City.
Very truly yours,
C. G. UHLENBERG & CO. LLP
By
JJI/jm
Encl.
cc: Kemleth Nordhoff, Director of Administrative Services
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CITY OF SAN RAFAEL
CURRENT YEAR FINDINGS AND RECOMMENDATIONS
JUNE 30, 1996
BUDGET AND ACCOUNTING
Finding -During our review of the City's budget, we noted that the accounting principles used in
budget preparation (cash basis) was not the same as those used in preparing the financial
statements (GAAP basis). In addition, the City has not fully implemented all accounting
pronouncements (GASBs) in any effort to keep these items closer together.
Recommendation -We recommend the City prepare its budget using the GAAP basis of
accounting principles and that the City fully implement all accounting pronouncements
applicable.
Finding -The City utilizes many accounts called "zero object accounts" to keep track of various
revenues and expenditures. At year end these accounts are grouped together under different
special revenue fund revenue and expenditure categories. These accounts are not a part of the
City's normal budgetary process.
Recommendation -We recommend all accounts of the City are brought under the control of the
Council as part of the normal budgetary process. Currently, these accounts circumvent the City's
standard budgetary controls.
Finding -Currently the City maintains sub ledger details for various accounts that do not agree to
the general ledger. These accounts are analyzed and adjusted prior to entering them into the
general ledger.
Recommendation -We recommend that the subledgers agree exactly to the general ledger and
that any adjustments to these accounts be properly established as allowances or reserves.
CASH RECEIPTS
Finding -During our testing of cash receipts we noted that there was one receipt for the
mechanical permits that was charged the minimum fee instead of the actual fee. The actual fee
should be calculated and then the higher of the minimum fee or the actual fee should be charged.
Recommendation -We recommend that the actual fee be calculated and then compared with the
minimum fee. Thus the city will be ensured that the correct fee is charged.
BANK RECONCILIATION
Finding -During our review of the City's internal controls, we noted that bank reconciliations are
prepared by a staff who also participate in the cash receipts function.
Recommendation -We recommend bank reconciliations be prepared by someone other than
persons who participate in the receipt or disbursement of cash.
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CITY OF SAN RAFAEL
CURRENT YEAR FINDINGS AND RECOMMENDATIONS
JUNE 30, 1996
INVESTMENTS
Finding -During our review of the City's internal controls, we noted that only one person's
authorization is required for the release of securities from safekeeping.
Recommendation -We recommend that the City require the authorization of more than one
person for the release of securities from safekeeping.
GANNLIMIT
Finding -During our recalculation of the GANN Limit, we noted that there was an error in the
original calculation. The City of San Rafael should have a second individual review the GANN
Limit calculation before submitting it.
Recommendation -We recommend a second review of the GANN Limit calculation before
submitting.
GRANT MANAGEMENT
Finding -The City receives many grants each year from various federal, state and local agencies.
Each department normally applies for these grants and has the responsibility to administer them.
With respect to grant management, the individual departments are not communicating with the
finance department so that all grant monies can be accounted for accurately. Our findings on the
single audit report disclosed the problems that this can cause.
Recommendation -We recommend that each department responsible for obtaining the grants
coordinate with the finance department to ensure that:
• accurate records are maintained
• revenues, expenditures and receivables are monitored
• all reports and claims for reimbursements are timely filed and reconciled
CHILD DEVELOPMENT PROGRAM
Finding -During our review of the attendance related to the Child Development Program, we
noted the following:
1. two instances where the enrollment days were miscalculated. The net effect on
the Child Days of Enrollment reported to the California Department of Education
is one and a half (1-1/2) days less than the actual days of enrollment;
2. one instance where the attendance and fiscal report for school age community
child care services was miscalculated. The net effect on the Child Days of
4
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CITY OF SAN RAFAEL
CURRENT YEAR FINDINGS AND RECOMMENDATIONS
JUNE 30, 1996
Enrollment reported to the California Department of Education is a half (1/2) day
more than the actual days of enrollment.
Recommendation -We recommend that the enrollment days be calculated carefully and reviewed
properly.
Finding -During our review of the attendance related to the Child Development Program, we
noted three (3) children whom were not recipients of protective services had over ten (10) "days
in the best interest of the child". The net effect on Child Days of Enrollment reported to the
California Department of Education is eleven (11) days more than the actual days of enrollment.
Recommendation -We recommend the Child Development Program verify a child with over ten
(10) "days in the best interest of the child" is a recipient of protective services before days of
enrollment are credited.
5
CITY OF SAN RAFAEL
STATUS OF PRIOR YEAR'S FINDINGS AND RECOMMENDATIONS
INVENTORY
Finding -During our review of the City's internal controls over inventories, we noted the
following conditions:
• The stores inventory room is not locked to prevent loss, theft or misuse.
• No approved requisitions were required for release of inventory.
• The annual physical inventories are not taken by someone other than the
custodian.
Recommendation -We recommend that the stores inventory room be locked whenever the
custodian is not present, that inventories are released only on the basis of written and properly
approved requisitions, and the annual inventory count be taken by someone independent of the
custodian.
Current status -The City closed its store inventory during FY95/96. This finding is no longer
applicable.
CHILD DEVELOPMENT
Finding -During our review of the City's Child Development Program, we noted a letter dated
November 8, 1994, addressed to the City of San Rafael from the California Department of
Education regarding the Latch Key Grant for the 1992-93 fiscal year. One of the issues raised in
the letter was whether the City of San Rafael had established a separate fund for the Latch Key
Grant which is required by Education Code Section 8328.
The City uses Fund 008 for the Child Development Programs. Department 6649, within Fund
008, is used to record revenue and expenditures for the Latch Key Grant. Although the City
records revenue and expenditures separately for the Latch Key Grant, they are unable to produce
a separate balance sheet and therefore they do not meet the State requirements of having a
separate fund.
Recommendation -We recommend that the City immediately establish a separate fund for the
Latch Key Grant.
Current status -Implemented
Finding -During our review of the attendance related to the Child Development Program, we
noted two instances where the enrollment days were miscalculated. The net effect on the Child
Days of Enrollment reported to the California Department of Education is one day less than the
actual days of enrollment.
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CITY OF SAN RAFAEL
STATUS OF PRIOR YEAR'S FINDINGS AND RECOMMENDATIONS
Recommendation -We recommend that the enrollment days be calculated carefully and reviewed
by another person.
Current Status -Not implemented; repeat recommendation.
CHILD DEVELOPMENT
Finding -During our examination of the "Attendance and Fiscal Report for School Age
Community Child Care Services," we noted the existence of clerical errors. For the reporting
months ended September and December 1993 of Section II (Non-certified children) of the
"Attendance and Fiscal Report for School Age Community Child Care Services," it was noted
that the adjusted days of enrollment column was calculated incorrectly. This resulted in an
overstatement of (Non-certified children) attendance of seventeen days for September and fifteen
days for December.
Recommendation -We recommend that the "Attendance and Fiscal Report for School Age
Community Child Care Services" be reviewed for clerical accuracy after its completion. The
benefit of the above recommendation will allow for proper reporting to the State, and saves time
by not having the need to file amendments.
Current status -Not implemented; repeat recommendation.
Finding -During our examination of the monthly student attendance summary and student record
file, we noted the existence of unexcused absences for several students.
Recommendation -We recommend that the Child Development Program enforce the attendance
requirement as specified by the grant requirements.
Current status -Implemented.
CASH RECEIPTS
Finding -During our review of the City's internal control structure over cash receipts it was
revealed that a listing of mail receipts was not prepared by the person opening the mail. The
cause is due to the City'S limited staff size and volume of daily cash receipts.
Recommendation -We recommend that the City consider implementing a policy and procedure
to ensure that all mail cash receipts are listed on a daily basis, by the person opening the mail
prior to the cash receipts being given to the person preparing the bank deposit.
Current status -Not implemented; repeat recommendation.
7
CITY OF SAN RAFAEL
STATUS OF PRIOR YEAR'S FINDINGS AND RECOMMENDATIONS
CASH DISBURSEMENTS
Finding -During our review of the City's internal control structure over cash disbursements, we
noted two disbursements that did not have invoices attached to the check claim form. Notes for
the disbursement were made on the check claim form by the department head.
Recommendation -We recommend that the City consider implementing a policy and procedure
to ensure that all check claim forms are supported by invoices.
Current status -Implemented.
ACCOUNTING POLICIES AND PROCEDURES MANUAL
Finding -The City does not have an accounting manual which outlines the current accounting
policies and procedures. Lack of such a manual can result in inconsistent treatment of
accounting transactions, increased supervisor time responding to staff inquiries and difficult
transition periods in the event of personnel turnover. Additionally, it is more difficult to assure
compliance with legal and other requirements.
Recommendation - A comprehensive accounting policies and procedures manual should be
prepared which would include, but not be limited to:
• Descriptions of the functions of each job within the Finance Department.
• The nature and source of entries to each general ledger account.
• Descriptions of standard, recurring and closing journal entries, especially for
complicated transactions.
• Approved procedures for journal entries and invoices.
• Monthly and annual closing procedures.
• Financial reporting, including compliance requirements.
The City acknowledges that there is a need to have a policy and procedures manual. However,
this is something that the City is going to work on as time permits. Management would like to
point out that this is a common problem, not only of other finance departments, but of other
departments within the City.
Status -The city is still facing a decrease in personnel and this project is forced to be postponed.
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MANAGEMENT'S RESPONSIBILITY FOR, AND THE OBJECTIVES AND
LIMITATIONS, OF THE INTERNAL CONTROL STRUCTURE
APPENDIX
The following comments concerning management's responsibility for the internal control
structure and the objectives of, and the inherent limitations in, the internal control structure are
adapted from the Statements on Auditing Standards of the American Institute of Certified Public
Accountants.
Management's Responsibility
Management is responsible for establishing and maintaining an internal control structure. In
fulfilling this responsibility, estimates and judgments by management are required to assess the
expected benefits and related costs of the internal control structure policies and procedures.
Objectives
The objectives of an internal control structure are to provide management with reasonable, but
not absolute, assurance that assets are safeguarded against loss from lmauthorized use or
disposition, and that transactions are executed in accordance with management's authorization
and recorded properly to permit the preparation of general purpose financial statements in
accordance with generally accepted accounting principles.
Limitations
Because of inherent limitations in any internal control structure, errors or irregularities
nevertheless may occur and not be detected. Also, projection of any evaluation of the structure
to future periods is subject to the risk that procedures may become inadequate because of
changes in conditions or that the effectiveness of the design and operation of policies and
procedures may deteriorate.
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CITY OF SAN RAFAEL. CALIFORNIA
GENERAL PURPOSE
FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED
JUNE 30, 1997
* * *
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GENERAL PURPOSE
FINANCIAL STATEMENTS
For The Fiscal Year Ended
June 30, 1997
CITY OF SAN RAFAEL, CALIFORNIA
P. O. Box 151560
1400 Fifth Avenue
San Rafael, California 94915-1560
Prepared by the Administrative Services Department
CT~Y OF SAN RAFAEL. CALIFORNP -,
GENERAL PURPOSE FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
TABLE OF CONTENTS
FINANCIAL SECTION:
PAGE NO.
Independent Auditor's Report..................................................................................... I
General Purpose Financial Statements:
Combined Balance Sheet -All Fund Types and Account Groups........................ 2 - 5
Combined Statement of Revenues, Expenditures and
Changes in Fund Balances -All Governmental Fund
Types and Expendable Trust Funds ................................ ............. ......... .... ..... 6 - 7
Combined Statement of Revenues, Expenditures and Changes in
Fund Balances -Budget and Actual (Budget Basis) -General,
Special Revenue and Debt Service Funds............................................. ..... ..... 8 - 9
Proprietary Fund Type (Discretely Presented Component Unit)
Statement of Revenues, Expenses and Changes in Fund Equity ......... .......... 10
Statement of Cash Flows .............. ................. ............ ........................ ............ 11
Notes To General Purpose Financial Statements........................................................ 12 -43
Supplementary Information:
Special Revenue Funds:
Combining Balance Sheet........... ............. ......... ........................................ ...... 44 -47
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances........................................................................ 48 -51
Recreation Revolving Fund -Statement of Revenues, Expenditures
and Changes in Fund Balances -Budget (Cash Basis) and Actual .......... 52
Parking Services Fund -Statement of Revenues, Expenditures
and Changes in Fund Balances -Budget (Cash Basis) and Actual.......... 53
Gas Tax Fund -Statement of Revenues, Expenditures and Changes
in Fund Balances -Budget (Cash Basis) and Actual ............................... 54
Childcare Fund -Statement of Revenues, Expenditures and
Changes in Fund Balances -Budget (Cash Basis) and Actual................ 55
Equipment Replacement Fund -Statement of Revenues, Expenditures
and Changes in Fund Balances -Budget (Cash Basis) and Actual.......... 56
Household Hazmat Facility Fund -Statement of Revenues, Expenditures
and Changes in Fund Balances -Budget (Cash Basis) and Actual.......... 57
Library Fund -Statement of Revenues, Expenditures and Changes
in Fund Balances -Budget (Cash Basis) and Actual............................... 58
CITY OF SAN RAFAEL. CALIFOWTT
"
GENhRAL PURPOSE FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
TABLE OF CONTENTS
(Continued)
Public Safety Fund -Statement of Revenues, Expenditures and
PAGE NO.
Changes in Fund Balances -Budget (Cash Basis) and Actual ................ 59
Stormwater Fund -Statement of Revenues, Expenditures and
Changes in Fund Balances -Budget (Cash Basis) and Actual ................ 60
Traffic and Housing Mitigation Fund -Statement of Revenues,
Expenditures and Changes in Fund Balances -Budget (Cash Basis)
and Actual ....................................................... ......................................... 61
Grants Fund -Statement of Revenues, Expenditures and Changes
in Fund Balances -Budget (Cash Basis) and Actual ............................... 62
Debt Service Funds:
Combining Balance Sheet .............................................................................. .
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances ....................................................................... .
Kerner Boulevard Assessment District Fund -Statement of Revenues,
Expenditures and Changes in Fund Balances -Budget (Cash Basis)
and Actual ............................................................................................... .
Sun Valley Assessment District Fund -Statement of Revenues,
Expenditures and Changes in Fund Balances -Budget (Cash Basis)
and Actual ............................................................................................... .
Peacock Gap Assessment District Fund -Statement of Revenues,
Expenditures and Changes in Fund Balances -Budget (Cash Basis)
and Actual ............................................................................................... .
1915 Act Bonds Fund -Statement of Revenues, Expenditures and
Changes in Fund Balances -Budget (Cash Basis) and Actual ............... .
Civic CenterlNorthgate Assessment District Fund -Statement of
Revenues, Expenditures and Changes in Fund Balances -Budget
(Cash Basis) and Actual .......................................................................... .
Mariposa Assessment District Fund -Statement of Revenues,
Expenditures and Changes in Fund Balances -Budget (Cash Basis)
and Actual ............................................................................................... .
1997 Reassessment Bonds Fund -Statement of Revenues, Expenditures
and Changes in Fund Balances -Budget (Cash Basis) and Actual ......... .
1997 Financing Authority Revenue Bonds Fund -Statement of Revenues,
Expenditures and Changes in Fund Balances -Budget (Cash Basis)
and Actual ............................................................................................... .
1992 Agency Refunding Bonds Fund -Statement of Revenues,
Expenditures and Changes in Fund Balances -Budget (Cash Basis)
and Actual ............................................................................................... .
64-66
68 -70
71
72
73
74
75
76
77
78
79
CJTY OF SAN RAFAEL, CALIFORNJ ~
\
GENERAL PURPOSE FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
TABLE OF CONTENTS
(Concluded)
1995 Agency Refunding Bonds Fund -Statement of Revenues,
Expenditures and Changes in Fund Balances -Budget (Cash Basis)
and Actual ............................................................................................... .
Capital Projects Funds:
Combining Balance Sheet .............................................................................. .
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances ................................................................ .
Trust and Agency Funds:
Combining Balance Sheet .............................................................................. .
Expendable Trust Funds -Combining Statement of Revenues,
Expenditures and Changes in Fund Balances ......................................... .
Statement of Changes in Assets and Liabilities -Agency Fund .................... .
PAGE NO.
80
82 -83
84 -85
86 -87
88 -89
90
GENERAL PURPOSE
FINANCIAL STATEMENTS
Year Ended June 30, 1997
FINANCIAL SECTION
CITY OF SAN RAFAEL, CALIFORNIA
(
c. G. UHLENBERG & co. LLP
CERTIFIED PUBLIC ACCOUNTANTS
ROBERT E. BARSANTI . C.P A. PEGGY H. CHEN , C ,P A JEFFREY J. IRA . C.P .A.
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, 1997, as listed in the foregoing table
of contents. These general purpose financial statements are the responsibility of the City's
management. Our responsibility is to express an opinion on these general purpose financial statements
based on our audit.
We conducted our audit in accordance with generally accepted aUditing standards; Government
Auditing Standards, issued by the Comptroller General of the United States; and the provisions of
Office of Management and Budget Circular A-I33, Audits of State and Local Governments and Non-
Profit Organizations. Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the general purpose financial statements are free of material misstatement.
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the
general purpose financial statements. An audit also includes assessing the accounting principles used
and significant estimates made by management, as well as evaluating the overall fmancial 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 financial position of the City of San Rafael, California, at June 30, 1997, and the results of
its operations and the cash flows of its proprietary fund types for the fiscal year then ended in
conformity with generally accepted accounting principles.
In accordance with Government Auditing Standards, we have also issued a report dated September 25,
1997 on our consideration of the City of San Rafael's internal control structure and a report on
September 25, 1997 on its compliance with laws and regulations.
Our audit was made for the purpose of forming an opinion on the general purpose financial statements
taken as a whole. The accompanying combining and individual fund and account group statements and
schedules listed in the table of contents are presented for purposes of additional analysis and are a
required part of the general purpose financial statements of the City of San Rafael. Such information
has been subjected to the auditing procedures applied in the audit of the general purpose financial
statements and, in our opinion, is fairly presented in all material respects in relation to the general
purpose financial statements taken as a whole.
September 25, 1997
Redwood City, California
647 Veterans Boulevard, Redwood City, CA 94063
Phone (650) 365-2323 • (408) 733-9944 • (510) 353-0330
Fax (650) 365-8394
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ITY OF SAN RAFAEL. CALIFOR. . .lA
COMBINED BALANCE SHEET -ALL FUND TYPES AND ACCOUNT GROUPS
JUNE 30, 1997
FIDUCIARY
FUND TYPES
GOVERNMENTAL FUND TYPES EXPENDABLE
SPECIAL DEBT CAPITAL TRUST AND
GENERAL REVENUE SERVICE PROJECTS AGENCY
ASSETS AND OTHER DEBITS
Assets:
Cash and investments (Note 2) $5,532,695 $14,108,143 $ 895,995 $14,236,261 $ 448,882
Cash with fiscal agent (Note 2) 809,098
Restricted cash 9,138,223
Accounts receivable 204,106 436,639 1,279,056
Taxes receivable 2,422,481 329,357
Grants receivable 204,808
Interest receivable 328,713 121,330
Assessment receivable 1,520,566
Loans receivable (Note 7) 387,684 100,000 380,268
Due from other funds (Note 6) 103,270 58,000 58,076 24,342
Prepaid expenses
Land held for resale 2,004,514
Other current assets
General fixed assets (Note 4)
Component unit fixed assets -net
COP issuance costs -net
Other Debits:
Amount available in debt service
funds
Amount to be provided for retirement
of:
General long-term debt
Vacation and sick leave
obligations
TOTAL ASSETS AND
OTHER DEBITS ~8,978,949 ~ 14,907,590 ~3,225,659 ~ 18,408,862 ~9,611,447
See accompanying notes to general purpose financial statements.
2
ACCOUNT GROUPS
GENERAL GENERAL
FIXED ASSETS LONG-TERM DEBT
$ $
34,815,854
1,703,818
30,494,758
2,474,288
$34,815,854 $ 34.672,864
PRIMARY
GOVERNMENT
TOTALS
(MEMORANDUM
ONLY)
$ 35,221,976
809,098
9,138,223
1,919,801
2,751,838
204,808
450,043
1,520,566
867,952
243,688
2,004,514
34,815,854
1,703,818
30,494,758
2.474,288
$ 124,621,225
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REPORTING
ENTITY
TOTALS
COMPONENT (MEMORANDUM
UNIT ONLY)
$ 466,008 $ 35,687,984
809,098
467,084 9,605,307
1,919,801
2,751,838
204,808
1,671 451,714
1,520,566
867,952
243,688
13,797 13,797
2,004,514
1,595 1,595
34,815,854
23,065,846 23,065,846
56,443 56,443
1,703,818
30,494,758
2,474.288
$ 24,072,444 $ 148,693,669
(Continued)
TV OF SAN RAFAEL. CALIFORl\ ..
COMBINED BALANCE SHEET -ALL FUND TYPES AND ACCOUNT GROUPS
JUNE 30, 1997
FIDUCIARY
FUND TYPES
GOVERNMENTAL FUND TYPES EXPENDABLE
SPECIAL DEBT CAPITAL TRUST AND
GENERAL REVENUE SERVICE PROJECTS AGENCY
LIABILITIES AND FUND EQUITY
Liabilities:
Accounts payable $1,021,200 $ 507,373 $ $ 918,786 $ 21,086
Connection fees payable
Developer bonds payable 60,042
Insurance claims payable 1,949,188
Interest payable
Due to other funds (Note 6) 45,449 198,239
Deferred compensation payable
(Note 14) 9,138,223
Deposits 100,000
Deferred revenue 21,726 1,521,841 58,000
Capital leases (Note 8)
Compensated absences (Note 5)
Certificates of participation
Notes payable (Note 5)
Special assessment debt (Note 5)
Bonds payable (Note 5)
Total Liabilities 3,030,430 574,548 1,521,841 1,275,025 9,159,309
Fund Equity and Other Credits:
Investment in general fixed assets
Contributed capital
Retained earnings:
Reserved
Unreserved
Total Retained Earnings
Fund Balances (Note 9):
Reserved 1,362,155 1,462,695 1,690,117 2,456,646 452,138
Unreserved:
Designated 11,209,610 13,701 14,677,191
Undesignated 4,586,364 1,660,737
Total Fund Balances 5,948,519 14,333,042 1,703,818 17,133,837 452,138
Total Fund Equity and other
credits 5,948,519 14.333,042 1,703,818 17,133,837 452,138
TOTAL LIABILITIES
AND FUND EQUITY ~8,978,949 ~ 14,907,590 ~3,225,659 ~ 18,408,862 ~9,611,447
See accompanying notes to general purpose financial statements.
4
ACCOUNT GROUPS
GENERAL GENERAL
FIXED ASSETS LONG-TERM DEBT
$ $
19,576
2,474,288
169,000
1,970,000
30,040,000
34,672,864
34,815,854
34,815,854
$ 34,815,854 $ 34.672,864
PRIMARY
GOVERNMENT
TOTALS
(MEMORANDUM
ONLY)
$ 2,468,445
60,042
1,949,188
243,688
9,138,223
100,000
1,601,567
19,576
2,474,288
169,000
1,970,000
30,040,000
50,234,017
34,815,854
7,423,751
25,900,502
6,247,101
39,571,354
74,387,208
$124,621,225
5
(
REPORTING
ENTITY
TOTALS
COMPONENT (MEMORANDUM
UNIT ONLY)
$ 145,550 $ 2,613,995
1,000 1,000
60,042
1,949,188
124,123 124,123
243,688
9,138,223
100,000
1,601,567
19,576
2,474,288
4,429,553 4,429,553
169,000
1,970,000
110,000 30,150,000
4,810,226 55,044,243
34,815,854
8,321,036 8,321,036
107,555 107,555
10,833,627 10,833,627
10,941,182 10,941,182
7,423,751
25,900,502
6,247,101
39,571,354
19,262,218 93,649.426
$ 24,072,444 $ 148,693.669
(Concluded)
:TY OF SAN RAFAEL. CALIFORt .• A
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
GOVERNMENTAL FUND TYPES
SPECIAL
GENERAL REVENUE DEBT SERVICE CAPITAL
REVENUES:
Taxes and special assessments $ 22,521 ,405 $ 670,543 $ 2,712,691 $ 344,276
Licenses and penn its 584,946 628,695
Fines and forfeitures 533,426
Uses of money and property 539,847 796,866 105,197 752,566
Intergovernmental 3,741,659 3,608,324 4,194,350
Charges for current services 1,939,389 2,973,162 2,810
Other revenues 396,712 1,609,338 4,335 71,978
Total Revenues 30,257,384 10,286,928 2,822,223 5,365,980
EXPENDITURES:
Current:
General government 5,063,492 1,227,792
Public safety 16,995,433 421,825
Public works and parks 6,256,408 35,759
Community development 927,646
Culture and recreation 1,613,266 2,891,759 51,085
Capital Outlay 136,016 5,299,148 9,040,526
Debt Service:
Principal retirement 6,925,650
Interest and fiscal charges 2,336,374
Total Expenditures 30,064,615 9,876,283 9,262,024 10,019,257
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES 192,769 410,645 (6,439,801) (4,653,277)
OTHER FINANCING SOURCES (USES):
Operating transfers -In 971,702 1,064,532 6,280,196 1,086,210
Operating transfers -Out (1,149,918) (1,423,576) (6,510,075) (326,280)
Bond proceeds 5,250,000
Bond issuance cost (196,413)
Total Other Financing Sources (Uses) (178,216) (359,044) 4,823,708 759,930
EXCESS (DEFICIENCY) OF REVENUES
AND OTHER FINANCING SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER FINANCING USES 14,553 51,601 (1,616,093) (3,893,347)
FUND BALANCES AT BEGINNING OF
YEAR 7,904,861 14,294,595 3,213,625 21,070,370
PRIOR PERIOD ADJUSTMENTS (1,970,895) (13,154) ]06,286 (43,186)
FUND BALANCES AT END OF YEAR $ 5,948,519 $14.333,042 $ 1,703.818 $ ] 7,133,837
See accompanying notes to general purpose financial statements.
6
FIDUCIARY
FUND TYPES
EXPENDABLE TRUST
$
25,675
64,342
22,866
112,883
80,493
28,645
109,138
3.745
56,074
(48,865)
7.209
10,954
441,184
$452.138
PRIMARY
GOVERNMENT
TOTALS
(MEMORANDUM
ONLY)
$ 26,248,915
1,213,641
533,426
2,220,151
11,608,675
4,915,361
2,105,229
48,845,398
6,291,284
17,417,258
6,292,167
1,008,139
4,584,755
14,475,690
6,925,650
2,336.374
59,331,317
(10.485,919)
9,458,714
(9,458,714)
5,250,000
(196,413)
5,053,587
(5,432,332)
46,924,635
( 1 ,920,949)
$ 39,571,354
7
(
.TY OF SAN RAFAEL. CALIFORhuA
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 30, 1997
REVENUES:
Taxes and special assessments
Licenses and permits
Fines and forfeitures
Uses of money and property
Intergovernmental
Charges for current services
Other revenues
Total Revenues
EXPENDITURES:
Current:
General government
Public safety
Public works and parks
Culture and recreation
Capital Outlay
Debt Service:
Principal retirement
Interest and fiscal charges
Total Expenditures
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES):
Operating transfers -In
Operating transfers -Out
Bond proceeds
Bond issuance costs
Total Other Financing Sources (Uses)
EXCESS (DEFICIENCY) OF REVENUES AND
OTHER FINANCING SOURCES OVER (UNDER)
BUDGET
$ 22,428,000
570,000
430,000
494,000
3,756,000
1,948,000
226,134
29,852,134
5,299,271
17,140,568
6,286,112
1,620,327
168,874
30,515,152
(663,018)
EXPENDITURES AND OTHER FINANCING USES $ (663,018)
FUND BALANCES AT BEGINNING OF YEAR
PRIOR PERIOD ADJUSTMENT
ADJUSTMENTS FOR DIFFERENCES BETWEEN
CASH BASIS AND MODIFIED ACCRUAL BASIS
ADJUSTMENTS FOR FUNDS NOT BUDGETED
FUND BALANCES AT END OF YEAR
GENERAL FUND
VARIANCE
FAVORABLE
ACTUAL (UNFAVORABLE)
$22,183,494
667,934
476,726
540,193
4,165,688
2,027,048
397,807
30,458,890
5,039,535
16,915,367
6,226,935
1,605,666
135,375
29,922,878
536,012
971,703
(1,149,918)
(178,215)
357,797
7,904,861
(1,970,895)
(343,244)
$ 5,948,519
$ (244,506)
97,934
46,726
46,193
409,688
79,048
171 ,673
606,756
259,736
225,201
59,177
14,661
33,499
592,274
1.199,030
971,703
(1,149,918)
(178,215)
$ 1.020,815
See accompanying notes to general purpose financial statements.
8
(
SPECIAL REVENUE FUNDS DEBT SERVICE FUNDS
VARIANCE VARIANCE
FAVORABLE FAVORABLE
BUDGET ACTUAL CUNF A VORABLE) BUDGET ACTUAL (UNFAVORABLE)
$ 592,000 $ 584,657 $ (7,343) $ 2,350,083 $ 2,712,691 $ 362,608
610,000 627,887 17,887
193,820 687,954 494,134 80,020 105,197 25,177
2,818,599 3,207,787 389,188
2,642,677 2,687,931 45,254
1,055,686 1,217,333 161,647 4,335 4,335
7,912,782 9,013,549 1,100,767 2,430,103 2,822,223 392,120
686,225 674,842 11,383
692,966 383,193 309,773
1,060,000 788,144 271,856
2,993,631 2,906,908 86,723
11,229,396 5,452,907 5,776,489
6,937,650 6,925,650 12,000
2,323,342 2,336,374 (13,032)
16,662,218 10,205,994 6,456,224 9,260,992 9,262,024 (1,032)
(8,749,436) ( 1 ,192,445) 7,556,991 (6,830,889) (6,439,801) 391,088
263,020 263,020 6,280,196 6,280,196
(447,393) (447,393) (6,510,075) (6,510,075)
5,250,000 5,250,000
(196,413) (196,413)
(184,373) (184,373) 4,823,708 4,823,708
~ (8,749,436) (1,376,818) ~7,372,618 ~ (6,830,889) (1,616,093) ~ 5,214,796
14,294,595 3,213,625
(13,154) 106,286
1,456,782
(28,363)
$ 14.333.042 $ 1,703,818
9
lTY OF SAN RAFAEL, CALIFO~ ... A
PROPRIETARY FUND TYPE -(DISCRETELY PRESENTED COMPONENT UNIT)
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND EQillTY
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
OPERATING REVENUES:
Sewer charges
Connection fees
Total Operating Revenues
OPERATING EXPENSES
Sewage collection
Sewage treatment
Depreciation and amortization
General and administrative
Total Operating Expenses
Operating income
NON-OPERATING REVENUES (EXPENSES):
Property taxes
Special assessments -Bayside Acres
Aid from governmental agencies
Interest income
Interest expense
Other non-operating revenues
Total Non-operating Revenues
Net Income
Add: depreciation expense on assets acquired by
contributed capital
Increase in retained earnings
Retained earnings -beginning of year
Retained earnings -end of year
Contributed capital -beginning of year
Less: depreciation expense accumulated
Contributed capital-end of year
Total Fund Equity
ENTERPRISE
FUND
$ 3,868,864
35,783
3,904,647
1,145,614
1,829,000
720,825
152,580
3,848,019
56,628
397,096
52,543
33,285
58,723
(310,276)
1,300
232,671
289,299
286,478
575,777
10,365,405
10,941,182
8,607,514
(286,478)
8,321,036
~ 19,262.218
See accompanying notes to general purpose financial statements.
10
C _ ... Y OF SAN RAFAEL, CALIFORN".
PROPRIETARY FUND TYPE -(DISCRETELY PRESENTED COMPONENT UNIT)
STATEMENT OF CASH FLOWS
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
CASH FLOWS FROM OPERATING ACTIVITIES:
Operating income
Adjustments to reconcile operating income to net cash provided
by operating activities:
Depreciation and amortization
Changes in current assets and liabilities:
(Increase) decrease in:
Prepaid expenses and other current assets
Increase (decrease) in:
Accounts payable and other current liabilities
Net Cash Provided by Operating Activities
CASH FLOWS FROM NON CAPITAL FINANCING ACTIVITIES:
Property taxes
Aid from governmental agencies
Net Cash Provided by Noncapital Financing Activities
CASH FLOWS FROM CAPITAL FINANCING ACTIVITIES:
Cash paid for capital acquisitions
Proceeds from sale of fixed assets
Special assessments -Bayside Acres Assessment District
Interest received from certificates of participation principal cash
Principal payments on certificates of participation
Interest paid on certificates of participation
Principal payments on Bayside Acres coupon bonds
Interest paid on Bayside Acres coupon bonds
Net Cash Used for Capital Financing Activities
INVESTING ACTIVITIES:
Interest received from Marin County pooled cash and account
Net Cash Provided by Investing Activities
Net Decrease in Cash and Cash Equivalents
Cash and Cash Equivalents -Beginning of Year
Cash and Cash Equivalents -End of Year
ENTERPRISE
FUND
$ 56,628
720,825
3,925
45,756
827,134
397,096
33,285
430,381
(1,945,523)
1,300
52,543
20,830
(175,000)
(302,795)
(30,000)
(6,630)
(2,385.275)
37,998
37.998
(1,089,762)
2,022,854
$ 933,092
See accompanying notes to general purpose financial statements.
I I
NOTES TO GENERAL PURPOSE
FINANCIAL STATEMENTS
(
'ITY OF SAN RAFAEL. CALIFOR... .... A
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1997
1. REPORTING ENTITY AND SIGNIFICANT ACCOUNTING POLICIES
The financial statements of the City of San Rafael (the City) have been prepared in conformity
with generally accepted accounting principles (GAAP) as applied to governmental units. The
Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for
establishing governmental accounting and financial reporting principles.
A. REPORTING ENTITY
The City maintains a Council-Manager form of government and provides the
following services: public safety (police and fire), public works, community
development, library, parks, recreation, and general administrative services.
As required by generally accepted accounting principles, these financial statements
present the City (the primary government) and its component units. Component units
generally are legally separate entities for which a primary government is financially
accountable. Financial accountability ordinarily involves meeting both of the
following criteria set forth in GASB Statement No. 14; the primary government is
accountable for the potential component unit, and the primary government is able to
impose its will upon the potential component unit, or there is a possibility that the
potential component unit may provide specific financial benefits or impose specific
financial burdens on the primary government. The component units discussed in this
note are included in the City's reporting entity because of the significance of its
operational or financial relationships with the City. Each component unit has a June
30 yearend.
Blended Component Units:
City of San Rafael Redevelopment Agency
The City of San Rafael Redevelopment Agency (the Agency) was
established pursuant to California Community Redevelopment Laws and is
reported as if it were part of the primary government because 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. The
Agency's assets, liabilities, revenues and expenditures (other than those
applicable to its fixed assets and long term debt) are blended into the
Capital Projects Funds and Debt Service Funds. The Agency's fixed assets
are included in the General Fixed Assets Account Group. The Agency's
long-term debts are blended into the General Long-Term Debt Account
Group. Separately issued component unit financial statements can be
obtained at the City of San Rafael, Finance Department, 1400 Fifth
Avenue, San Rafael, California 94915.
12
( c ..... Y OF SAN RAFAEL, CALIFORNLa
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30,1997
City of San Rafael Joint Powers Financing Authority
The City of San Rafael Joint Powers Financing Authority (the Financing
Authority) was created by the City of San Rafael and the Agency pursuant
to Articles 1 and 2 of Chapter 5 of Division 7 of Title 1 of the Government
Code of the State of California for the purpose of assisting the financing
and refinancing of certain redevelopment activities of the City and-the
Agency. All of the Financing Authority's assets, liabilities, revenues and
expenditures are blended into the Capital Projects Funds and the Debt
Service Funds. The Financing Authority's long-term debts are blended into
the General Long-Term Debt Account Group.
Discretely Presented Component Unit:
San Rafael Sanitation District
The San Rafael Sanitary District (the District) was formed in 1947 under
Section 4700 of the California Health and Safety Code to provide
wastewater transmission over the southern two-thirds of the City of San
Rafael and adjacent unincorporated areas. The City contracts with the
District to maintain the collection systems in the unincorporated areas.
The District is governed by a three member Board of Directors who are
appointed to four year terms. The City Council of the City of San Rafael
appoints two out of the three board members and has the ability to remove
the two board members at will.
The activities of the District are accounted for in a single enterprise fund.
The District's assets, liabilities, revenues, expenses, results of operation
and cash flows are discretely presented on the City's general purpose
financial statements. Separately issued component unit financial
statements can be obtained at Central Marin Sanitation Agency, Finance
Department, 1301 Andersen Drive, San Rafael, CA 94901.
B. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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 with its own self-balancing accounts that comprise its assets,
liabilities, fund equity, revenues and expenditures. These funds and accounts are
established for the purpose of carrying out specific activities or certain objectives in
accordance with specific regulations, restrictions or limitations. Government resources
are allocated to and accounted for in individual funds based upon the purposes for
13
TV OF SAN RAFAEL. CALIFORl, __ ~
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1997
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:
Governmental Funds
• The General Fund is the general operating fund of the City. It is used to
account for all financial resources except those required to be accounted
for in another fund.
• Special Revenue Funds are used to account for the proceeds of specific
revenue sources (other than expendable trusts or major capital projects)
that are legally or administratively 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 financial resources to be
used for the acquisition or construction of major capital facilities.
Proprietary Funds
• Entemrise Funds are used to account for operations that are financed and
operated in a manner similar to private business enterprises where the
intent of the governing body is that the cost (expenses, including
depreciation) of providing goods or services to the general public on a
continuing basis be financed or recovered primarily through user charges;
or where the governing body has decided that periodic determination of
revenues earned, expenses incurred, and/or net income is appropriate for
capital maintenance, public policy, management control, accountability, or
other purposes.
Fiduciary Funds
• Expendable Trust Funds are accounted for in the same manner as
governmental funds. (All trust funds of the City of San Rafael are
classified as expendable.)
• Agency Funds are custodial in nature and do not involve the measurement
of the results of operations. They are used to account for monies received
14
, ( c.& ... Y OF SAN RAFAEL, CALIFORNln
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
ruNE 30, 1997
by the City of San Rafael as an agent for individuals, other governments
and other entities.
Account Groups
• The General Fixed Assets Account Group is used to maintain control and
cost information on capital assets acquired to perform general government
functions.
• The General Long-Term Debt Account Group is used to record the
unmatured principal of ta'{ allocation bonds, special assessment bonds,
notes, compensated absences, the principal amount of future lease
payments due under lease purchase agreements and other long-term
liabilities .
C. MEASUREMENT FOCUS
All governmental funds are accounted for using a current financial 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 (Le.,
expenditures and other financing uses) in net current assets.
D. BASIS OF ACCOUNTING
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 susceptible to accruals, that is, when both are measurable and available.
"Measurable" means the amounts of the transaction can be determined and "available"
means collectible within the current period or soon enough thereafter to be used to pay
liabilities of the current period. Proprietary funds are accounted for using the accrual
basis of accounting. Revenues are recognized in the accounting period in which they
are earned and expenses are recognized in the accounting period in which they are
incurred. The City applies all F ASB statements that do not conflict with or contradict
GASB guidance.
Accrued revenues include property taxes, sales taxes, transient occupancy taxes, gas
tax, franchise fees, interest and grants. Grant revenues which are received as
reimbursement for specific purposes or projects, are recognized based upon when the
related expenditures are recorded. Grant revenues which are virtually unrestricted as
to purpose and revocable only for failure to meet prescribed compliance requirements
are reflected as revenues at the time of receipt or earlier if availability criterion are
met. Licenses, fines and penalties and other revenues are recorded as revenues when
15
"TY OF SAN RAFAEL, CALIFORi ._A
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1997
received in cash because they are generally not measurable until actually received.
Investment earnings are accrued since they are measurable and available.
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 due. Liabilities expected to be paid after the
current period are recorded in the General Long-Term Debt Account Group.
Agency-type funds are custodial in nature (assets equal liabilities) and thus do not
involve measurement of results of operations.
E. 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.
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, and other funds as follows:
Special Revenue Funds:
Baypoint Lagoons Assessment District Fund
Loch Lomond Assessment District Fund
Development Revolving Fund
Development Services Fund
Parkland Dedication Fund
Debt Service Revenue Funds:
East Francisco Boulevard Assessment District Fund
16
( elL i OF SAN RAFAEL. CALIFORNL
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1997
The City's budget is adopted on the cash basis of accounting for certain transactions.
The results of operations are presented in the Combined Statement of Revenues,
Expenditures and Changes in Fund Balances -Budget (cash basis) and Actual 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:
Special Debt
General Revenue Service
Excess (Deficiency) of revenues and
other financing sources over
(under) expenditures and other
financing uses (budget basis) $ 357,797 $(1,376,818) $(1,616,093)
Adjustments arising from
differences between cash basis
and modified accrual basis
Adjustments arising from funds
not budgeted
(343,244) 1,456,782
(28,363)
Excess (Deficiency) of revenues and
other financing sources over
(under) expenditures and other
financing uses (GAAP basis) $ 14.553 $ 51,601 $(1.616,093)
Supplemental appropriations for the fiscal year ended June 30, 1997, were as follows:
Original Supplemental Amended
Fund Budget Appropriations Budget
General Fund $ 28,848,123 $1,667,029 $ 30,515,152
Special Revenue Funds 12,502,922 4,159,296 16,662,218
Debt Service Funds 2,055,000 7,205,992 9,260,992
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.
Encumbrances outstanding at year end are reported as reservations of fund balances
since they do not constitute expenditures or liabilities and are carried forward in the
subsequent year's budget.
17
"TY OF SAN RAFAEL. CALIFORl . t.
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1997
F. CASH AND CASH EQUIVALENTS
Cash and cash equivalents are considered to be all highly liquid investments, with a
maturity of ninety days or less from the date of purchase and includes all cash held in
the City's cash and investment pool.
G. INVESTMENTS
Investments are stated at cost except for investments of the Deferred Compensation
Plan Agency Fund, which are stated at current (market) value. When market values
decline below cost, no loss is recorded if such declines are considered temporary. The
City's policy is to hold investments until maturity or until market values equal or
exceed cost. However, if the liquidity needs of the City were to require that
investments be sold at a loss subsequent to year end, the decline in value would be
recorded as a loss at the fiscal year end.
H. 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.
I. GENERAL FIXED ASSETS
General Fixed assets are recorded as expenditures of the various governmental funds at
the time of purchase and are subsequently capitalized for memorandum purposes in the
General Fixed Asset Account Group. Such assets include land, buildings, building
improvements, furniture and equipment.
Public domain "infrastructure" fixed assets such as roads, streets and sidewalks,
bridges, curbs and gutters, drainage systems, lighting systems and similar assets are
not capitalized. No depreciation is provided on general fixed assets.
All fixed assets are valued at historical cost or estimated historical cost if actual
historical cost is not available. Donated fixed assets are valued at their estimated fair
market value on the date donated. Fixed assets acquired by lease obligations are
valued at the present value of future lease payments at the inception of the lease.
The collection systems and facilities of the Component Unit are stated at cost less
accumulated depreciation. Assets contributed have been recorded at the fair market
value at the date received. Maintenance and repairs are charged to expense as
incurred. Improvements are capitalized and depreciated over the remaining useful
lives of the related fixed asset. Depreciation is computed using the straight-line
method over the useful lives of the assets.
18
C_ ... Y OF SAN RAF AEL. CALIFORN~._
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1997
A summary of the useful lives of the fixed assets of the Component Unit is as follows:
Subsurface lines
Sewage collection facilities
General plant and administrative facilities
50 years
5 -50 years
3 -15 years
1. ACCUMULATED UNPAID VACATION AND SICK LEAVE
The City accounts for compensated absences (unpaid vacation, sick leave,
compensatory time and administrative 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, 1997, is recorded in the General Long-Term Debt
Account Group. Sick pay vesting was discontinued for employees hired after 1978.
No expenditure was recorded for these amounts.
K. APPROPRIATION LIMITATIONS
Under Article XIIIB of the California Constitution (the Gann Spending Limitation
Initiative), the City is restricted as to the amount of annual appropriations from
proceeds of taxes. For the fiscal year ended June 30, 1997, based on calculations by
City's management, proceeds of taxes did not exceed related appropriations. Further,
Section 5 of the Article XIIIB allows the City to designate a portion of fund balance
for general contingencies to be used for any purpose.
L. PROPERTY TAX LEVY COLLECTION AND MAXIMUM RATES
The State of California (State) Constitution Article XIII 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% of market value as defined
by Article XIII 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.
19
:TY OF SAN RAFAEL. CALIFOffi .. ~A
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1997
Marin County assesses, bills for and collects property taxes as follows:
Lien dates
Levy dates
Due dates
Delinquency as of
March 1
July 1
Secured
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 tenn "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:
55% remitted on December 15
40% remitted on April 15
5% remitted on June 15
M. TAXPAYER-ASSESSED TAXES ACCRUAL
In accordance with Governmental Accounting Standards Board (GASB) Statement
No. 22, the City recognizes taxpayer-assessed taxes in Governmental Funds as
follows:
Sales Taxes -The City accrues actual advances from the State Board of Equalization
received in July and August of the subsequent fiscal year as these amounts are both
measurable and available to the City to meet its financial obligations for the current
period.
Public Safety Sales Tax (Proposition 172 Sales Tax) -The City accrues July and
August receipts of the public safety sales tax on the basis consistent with the accrual of
regular sales taxes.
Transient Occupancy Taxes -The City collects transient occupancy taxes on a
quarterly basis. The taxes assessed for the quarter ended June 30 are due by July 31 of
the subsequent fiscal year. The City accrues all transient occupancy taxes for the June
30th quarter received subsequent to the fiscal year end.
20
( c ..... Y OF SAN RAFAEL. CALIFORNL ...
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1997
Gas Taxes -The City accrues gac; taxes assessed for the month ended June 30 as these
amounts are both measurable and available to the City a month after the fiscal year
end.
Franchise Fees -The City collects franchise fees on a quarterly basis. The taxes
assessed for the quarter ended June 30 are due by July 31 of the subsequent fiscal year.
The City accrues all franchise fees for the June 30 th quarter received subsequent to the
fiscal year end.
N. CLAIMS AND JUDGMENTS
Claims and judgments that nonnally would be liquidated with expendable available
resources are accounted for in the General Fund.
O. "TOTALS (MEMORANDUM ONLY)" INFORMATION
Columns on the accompanying combined financial statements captioned "Totals
(Memorandum Only)" do not present consolidated financial infonnation. 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.
2. 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 California Government Code. The
earnings from these investments are allocated quarterly to each fund based on an average of
quarterly 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, 1997. 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.
21
ITV OF SAN RAFAEL. CALIFOffi .£A
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1997
Authorized Investments:
Authorized investments per the City's Investment Policy and Section 53601 of the
California Government Code are:
Mutual Funds Composed Entirely of U.S. Governmental Securities or other
allowable investments
Negotiable Certificates of Deposit
U.S. Government Securities
Bankers Acceptances
Commercial Paper
Medium-Term Corporate Notes
California Local Agency Investment Fund (LAIF)
California Arbitrage Management Program (CAMP)
Repurchase Agreements
Federal Agency Obligations:
Federal Intermediate Credit Bank Debentures (FICB)
Federal Land Bank Bonds (FLB)
Federal Home Loan Bank Notes and Bonds (FHLB)
Federal National Mortgage Association Obligations (FNMA)
Small Business Administration Obligations (SBA)
Government National Mortgage Association Obligations (GNMA)
Tennessee Valley Authority Notes (TV A)
Student Loan Association Notes (SALLIE MAE)
California Local Agency Investment Fund (LAIF):
The LAIF is a special fund of the California State Treasury through which local
governments may pool investments. Each city or agency may invest up to $20,000,000
in the fund. Investments in LAIF are highly liquid, as deposits can be converted to cash
within 24 hours.
California Arbitrage Management Program (CAMP):
The CAMP is a non-taxable investment fund under provisions of the California Joint
Exercise of Powers Act to provide California Public Agencies with comprehensive
investment management, accounting and arbitrage rebate calculation services for
proceeds of tax-exempt financing. The CAMP currently provides two short-term
investment portfolios, a segregated portfolio and a cash reserve portfolio.
22
t I
CO-L'Y OF SAN RAFAEL. CALIFORN~rl.
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1997
Cash and investments at June 30, 1997, excluding the component unit, consisted of the following:
Cash:
Demand accounts at banks
Petty cash
Cash with Fiscal Agent
Investments:
Medium-Tenn Corporate Notes
U.S . Treasury Notes
Federal Home Loan Bank Notes
Federal National Mortgage Association
Obligations
Federal Home Loan Mortgage Corporation
Federal Fann Credit Bank
Student Loan Association Notes
Investments with Fiscal Agent:
Mutual Funds -Federal Securities
Surety Bonds
Restricted cash on deposit with bank trust
departments -Deferred Compensation
California Local Agency
Investment Fund
California Arbitrage Management
Program
Total Cash and Investments
Cash Market Value
$ (4,118)
6,700
70,983
2,489,670
510,156
8,048,074
3,745,183
3,748,585
1,250,429
500,000
106,645
631,470
9,138,223
10,911,814
4,015,483
$45.169,297
$ (4,118)
6,700
70,983
2,485,710
503,125
8,034,215
3,744,103
3,749,732
1,252,070
498,905
106,645
631,470
9,138,223
10,911,814
4,015,483
$45.145,060
The distribution of these monies by funds was as follows:
Funds:
General
Special Revenue
Debt Service
Capital Projects
Fiduciary
TOTAL
23
$ 5,532,695
14,108,143
1,705,093
14,236,261
9,587.105
$45.169,297
TV OF SAN RAFAEL. CALIFORl,_.A
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1997
Pooled Deposits/Credit Risk
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 first 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).
Three categories of risk level have been developed by the Government Accounting Standards
Board (GASB) Statement No. 3 to disclose the various risk associated with deposits and
investments of public money:
Category 1 -insured or collateralized with securities held by the City or its agent in the
City's name.
Category 2 -collateralized with securities held by the pledging financial institution's trust
department or agent in the City'S name.
Category 3 -uncollateralized or collateralized with securities held by the pledging
financial institution's trust department or agent but not in the City's name.
Credit Risk, Carrying Amount and Market Value of Investments
Investments made by the City are classified as to credit risk by three categories, as follows:
Category 1 -insured or registered, or securities held by the City or its agent in the City's
name.
Category 2 -uninsured or unregistered, with securities held by the counterparty's trust
department or agent in the City's name.
Category 3 -uninsured or unregistered, with securities held by the counterparty, or by its
trust department or agent but not in the City's name.
24
L ... Y OF SAN RAFAEL, CALIFORN ._
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1997
Investments in pools managed by other governments or in mutual funds are not required to be
categorized pursuant to GASB Statement No.3 .
Deposits
Pooled Deposits
Demand Accounts:
Bank balances
Deposits in transit *
Outstanding checks *
Petty cash *
Book balance
Deposits with Fiscal Agents
Cash with Marin County
Cash in escrow fund
Total Deposits
* Not subject to categorization
$ 100,000
$100.000
25
Category
2
$ 777,203
$ 777,203
$
3
68,586
2,397
$ 70,983
Carrying
Amount
$ 877,203
76,926
(958,247)
6.700
2,582
68,586
2.397
$ 73,565
fY OF SAN RAFAEL. CALIFORI\ __ ~
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1997
CategoQ: Carrying Market
2 3 Amount Value
Investments
Pooled Investments
Medium-Tenn Corporate Notes $ 2,489,670 $ $ $ 2,489,670 $ 2,485,710
U. S. Treasury Notes 510,156 510,156 503,125
Federal Home Loan Bank Notes 8,048,074 8,048,074 8,034,215
Federal National Mortgage
Association Obligations 3,745,183 3,745,183 3,744,103
Federal Home Loan Mortgage
Corporation 3,748,585 3,748,585 3,749,732
Federal Farm Credit Bank 1,250,429 1,250,429 1,252,070
Student Loan Association Notes 500,000 500,000 498,905
California Local Agency
Investment Fund • 10,911,814 10,911,814 (2)
California Arbitrage
Management Program • 4,015,483 4,015,483
Total Pooled
Investments 20,292,097 35,219,394 35,195,157
Investments with Fiscal Agents:
Mutual Funds • (I) 9,244,868 9,244,868
Surety Bonds • 631,470 631,470
Total Investments $ 20,292,097 $ $ $ 45,095,732 $ 45,071,495
• Not subject to categorization
(I) Includes deferred compensation plan investment
(2) At June 30, 1997, market value of LAIF was $28,637,448,331. The City's proportionate share of the value is
$10,958,518. Included in LAIF's investment portfolio are certain derivative securities or similar products in the fonn
of structured notes and asset-backed securities totaling $1,147,399,000. LAIF's (and the City's) exposure to risk
(credit, market, or legal) is not currently available.
26
~ ~y OF SAN RAFAEL, CALIFOru{ .
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1997
3. TAXES RECEIVABLE
Accounts receivable at June 30, 1997, consisted of the following:
Property taxes
Sales taxes
Transient occupancy taxes
Franchise fees
TOTAL
4. FIXED ASSETS
General
Fund
$ 78,640
2,003,024
256,933
83,884
$2,422,481
Capital Projects
Funds
$329,357
$329,357
Totals
$ 407,997
2,003,024
256,933
83,884
$2,751,838
A summary of changes in general fixed assets for the fiscal year ended June 30, 1997, is as
follows:
Balance at Balance at
July 1, 1996 Additions Deletions June 30, 1997
Land and buildings $ 20,730,972 $1,184,334 $ 41,917 $21,873,389
Rolling equipment 4,819,302 104,898 20,573 4 ,903,627
Furniture and equipment 4,837,216 363,444 448,554 4,752,106
Improvements other
than buildings 3:286:732 3:286)32
Investment in general
fixed assets $ 33:674:222 $1:652:676 $511:044 $34:815,854
27
r~TY OF SAN RAFAEL. CALIFOm·
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1997
5. LONG-TERM DEBT
The City records long-term debt of governmental funds in the General Long-Term Debt Account
Group. Other governmental fund obligations not expected to be financed with current available
financial resources are also recorded in the general long-term debt account group.
Long-term debt outstanding at June 30, 1997, was as follows:
San Rafael Joint Powers Financing
Authority:
1997 Authority Revenue Bonds
San Rafael Redevelopment Agency
Tax Allocation Bonds:
Series 1992
Series 1995
Total Tax Allocation Bonds
Special Assessment Bonds
(with governmental commitment)
Lucas Valley
Peacock Gap Refunding
Mariposa Road Assessments
Total Special Assessment
Bonds (with governmental
commitment)
Note payable
Total Long-term Debt
Maturity
Interest
Rates
Authorized
and Issued
2011 4.00 -6.00% 5,250,000
2017
2021
1998
2005
2008
2025
28
3.25 -6.45 18,615,000
4.00 -6.00 8,895,000
5.50 -5.75
4.00 -4.75
4.50 -6.90
8.00
217,393
2,405,000
233,638
Outstanding
June 30, 1997
$ 5,250,000
16,385,000
8,405,000
24,790,000
35,000
1,750,000
185,000
1.970,000
169,000
$ 32,179,000
~ lY OF SAN RAFAEL. CALIFO~ __ ..
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1997
Long-term debt transactions during the fiscal year ended June 30, 1997 was as follows:
Tax Special Liability Vacation and
Revenue Allocation Assessment Note Lease Sick Leave
Bonds Bonds Bonds Pa:iable Total Debt Purchases Obligations
Balance at July I, 1996 $ $25,345,000 $ 8,339,000 $ 169,000 $33,853,000 $ 39,867 $2,777,269
Additions:
Bond issues 5,250,000 5,250,000
Accrued interest
Retirements:
Principal repayments 555,000 6,369,000 6,924,000 20,291
Vacation and sick leave
obligations (net) 302,981
Balance at June 3D, 1997 $ 5.250.000 $ 24 .790.000 $ 1,970,000 $ 169.000 $32,179.000 $ 19.576 $2.474.288
Debt service requirements, including interest, follows:
A.
Tax Special Liability
Revenue Allocation Assessment Note Lease
Bonds Bonds Bonds Pavable Purchases Totals
Year Ending June 30 :
1998 $ 317,882 $ 2,052,191 $ 572,330 $ $20,380 $ 2,962,783
1999 663,242 2,057,435 572,185 3,292,862
2000 660,405 2,050,284 551,208 3,261,897
2001 660,737 2,055,640 554,020 3,270,397
2002 663,906 2,053,312 547,3 \0 3,264,528
Thereafter 4.349,252 35.123.860 914,903 642.200 41,030,215
Total $7.315.424 $45.392.722 $3 ,711.956 $642.200 $20,380 $57,082.682
1992 AGENCY REFUNDING BOND
On May 1, 1992, the Agency issued Tax Allocation Refunding Bonds in the amount of
$18,615,000. The proceeds of the bonds were used to refund $10,905,000 outstanding
principal of the Agency's Central San Rafael Redevelopment Project Tax Allocation
Bonds, Series 1985 which were issued in May 1985 to fund the construction of new
improvements within the Project Area. The 1992 Bonds mature annually each
December 1 from 1992 to 2017, in amounts ranging from $340,000 to $1,350,000 and
bear interest at rates ranging from 3.25% to 6.45%. Interest is payable semiannually
on June 1 and December 1. Bonds maturing on or after December 1,2002 are subject
to the optional redemption prior to maturity, in whole or in part, in inverse order of
maturity on any date on or after December 1, 2002 at a price equal to the principal
amount, plus accrued interest on the redemption date, plus a premium ranging from
0.00% to 2.00%. The Bonds are secured by an irrevocable pledge of the Tax Revenues
and other funds.
2 9
B.
( -TY OF SAN RAFAEL, CALIFORl': .
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1997
The annual requirements to amortize the outstanding bond indebtedness as of June 30,
1997, including interest, are as follows:
Year Ending
June 30, Principal Interest Total
1998 $ 405,000 $ 1,019,614 $ 1,424,614
1999 430,000 997,057 1,427,057
2000 450,000 972,407 1,422,407
2001 480,000 945,662 1,425,662
2002 505,000 916,844 1,421,844
Thereafter 14,115,000 8,436,212 22,551,212
Total ~ 16.385.000 $13.287.796 $ 29 .672. 796
1995 AGENCY BOND
On October ], 1995, the Agency issued Tax Allocation Bonds in the amount of
$8,895,000. The proceeds of the bonds were used to finance certain redevelopment
activities of the Agency relating to the Central San Rafael Redevelopment Project
Area. The Bonds mature annually each December 1 from 1995 to 2021, in amounts
ranging from $170,000 to $610,000 and bear interest at rates ranging from 3.50% to
6.00%. Interest is payable semiannually on June 1 and December 1. Bonds maturing
on or after December 1, 2003 are subject to optional redemption prior to maturity, in
whole or in part, either in inverse order of maturity or on a pro rata basis among
maturities on any date on or after December 1, 2002 at a price equal to the principal
amount, plus accrued interest on the redemption date, plus a premium ranging from
0.00% to 2.00%. The Bonds are secured, on a parity with the 1992 Bonds, by a pledge
and lien on Tax Revenues and amounts on deposit in certain funds and accounts held
by the Fiscal Agent.
The annual requirements to amortize the outstanding bond indebtedness as of June 30,
1997, including interest, are as follows:
Year Ending
June 30. Principal Interest Total
1998 $ 175,000 $ 452,577 $ 627,577
1999 185,000 445,378 630,378
2000 190,000 437,877 627,877
2001 200,000 429,978 629,978
2002 210,000 421,468 631,468
Thereafter 7,445.000 5,127,648 12,572.648
Total $8,405.000 ~7.314.926 ~ 15.719.926
30
(:. Y OF SAN RAFAEL. CALIFORN ._
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1997
C. 1997 AUTHORITY REVENUE BONDS
On January 28, 1997, the San Rafael Joint Powers Financing Authority issued
Revenue Bonds in the amount of $5,250,000 bearing interest at rates from 4.00% to
6.00%. The proceeds of the bonds were used to acquire Reassessment District Bonds
in the amount of$4,965,000 bearing interest at rates from 5.246% to 6.996% issued by
the City during the fiscal year for the purpose of consolidating and refunding the
previously issued special assessment bonds: Sun Valley Open Space District, Series
No. 1985-3; Kerner Boulevard Refunding Assessment District, Series 1986-1; and
Civic Center -Northgate Refunding Assessment District, Series 1991-1. The 1997
Authority Revenue Bonds mature annually each September 2 from 1997 to 2011, in
amounts ranging from $20,000 to $555,000. Interest is payable semiannually on
March and September 2. The Bonds are subject to redemption in advance of maturity
at the option of the City upon payment of the principal and interest accrued thereon to
the date of redemption, plus a redemption premium ranging from 2.00% to 5.00%.
Revenues from the Reassessment District Bonds are utilized to meet debt service
requirements of the Revenue Bonds. The Reassessment District Bonds are secured by
unpaid reassessments confirmed against private property within the applicable
Reassessment District.
The annual requirements to amortize the outstanding bond indebtedness as of June 30,
1997, including interest, are as follows:
Year Ending
June 30, Principal Interest Total
1998 $ 20,000 $ 297,882 $ 317,882
1999 400,000 263,242 663,242
2000 415,000 245,405 660,405
2001 435,000 225,737 660,737
2002 460,000 203,906 663,906
Thereafter 3,520,000 829,252 4,349,252
Total ~5.250~000 ~2~065,424 ~7~315,424
D. OTHER LONG-TERM OBLIGATIONS
At June 30, 1997, other long-term obligations consisted ofa $169,000 promissory note
bearing interest at 8% with principal and accrued interest due and payable in
November 2024. The note was assumed to finance the purchase of certain property by
the Agency. Accrued interest at June 30, 1997 was $103,243.
3 1
TY OF SAN RAFAEL. CALIFOR1, ~
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1997
E. SPECIAL ASSESSMENT DEBT
The City is "obligated in some manner" (as defined by GASB Statement No.6) for
special assessment debt (1) because the City must cover delinquencies of special
assessment bonds with other resources until foreclosure proceeds are received or (2)
because the City has been indicated that it may do so.
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, 1997, was $19,801.
6. INTERFUND RECEIVABLES AND PAYABLES
7.
A summary of due from and due to other funds is as follows:
Fund Due From Due To
General Fund $ 103,270 $
Special Revenue Funds:
Parkland Dedication Fund 58,000 21,726
Grants Fund 23,723
Capital Projects Funds:
Bedroom Tax Fund 58,076
Park Capital Projects Fund 94,350
1985 Capital Project and Administration Fund 79,547
1995 Bonds Capital Project Fund 24,342
Expendable Trust Funds:
Business Improvement Fund 24,342
Total ~243,688 $243.688
LOANS RECEIVABLE
The City has the following loans receivable at June 30, 1997:
A. $100,000 loan from Marin Housing Development at 5% interest rate; all principal and
interest due January 30, 2005.
B. $100,000 loan from One "H" Street Associates at 5% interest rate; all principal and
interest due May 1, 1999.
32
(
! 'Y OF SAN RAFAEL. CALIFORNI..
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1997
C. $303,000 loan from Centertown Associates, Ltd. at 3% interest rate due seml-
annually. The remaining loan receivable at June 30, 1997, was $280,268. The final
payment is due on July 1,2065.
D. $400,000 loan from the City Manager at 5.53% interest rate; principal and interest due
monthly until August 31, 2026. The principal balance outstanding at June 30, 1997,
was $387,684.
8. CAPITAL LEASES
The City leases various equipment through capital leasing arrangements in the governmental
funds. The assets and obligations for agreements of the governmental funds are recorded in the
General Fixed Asset Account Group and the General Long-Term Debt Account Group,
respectively. The equipment acquired through the capital leases totaled $108,061 at June 30,
1997.
The future minimum lease obligations as of June 30, 1997, were as follows:
Year ending June 30, 1998 $20,380
Less: Amount representing interest (804)
Present value of minimum lease payments $ 19.576
9. FUND BALANCES, RESERVES AND DESIGNATIONS
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.
33
10.
TY OF SAN RAFAEL. CALIFORI\
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1997
A detailed schedule of the fund balances at June 30, 1997, is shown as follows:
Fiduciary
Governmental Fund Tvm=s Fund T~~es
Special Debt Capital Trust and
General Revenue Service Projects Agency
Fund balances:
Reserved:
Encumbrances $ 114,047 $ 728,529 $ $ 71,864 $
Petty cash 3,700 3,000
Cable television tax revenues 215,779
Employee M.O.U. 583,211
Loans receivable 387,684 100,000 380,268
Debt service 1,690,117
Projects 57,734 612,666 449,138
Equipment replacement 1,500
Building and structure 10,000
Facility closure 10,000
Land held for resale 2,004,514
Total Reserved 1,362,155 1,462,695 1,690,117 2,456,646 452,138
Unreserved and Designated:
Library services 40,445
Public safety 41,487
Grant projects 260,527
Parkland 1,184,592
Redevelopment 12,230,227
Construction 2,198,718 13,701 2,446,964
Traffic mitigation · 7,483,841
Total Unreserved and
Designated 11.209,610 13,701 14,677,191
Unreserved and Undesignated 4,586,364 1.660.737
TOTAL FUND
BALANCES $5.948,519 $14,333,042 $1,703,818 $17,133,837 $452,138
DEFICIT FUND BALANCES
At June 30, 1997, the City has deficit fund balances in the following funds:
Debt Service Funds:
1992 Agency Refunding Bonds Fund
Capital Project Funds:
Park Capital Projects Fund
34
$ 900
$20,137
Totals
$ 914,440
6,700
215,779
583,211
867,952
1,690,117
1,119,538
1,500
10,000
10,000
2.004.514
7,423,751
40,445
41,487
260,527
1,184,592
12,230,227
4,463,263
7,483.841
25,900,502
6.247.101
$39.571.354
(
!.. .'Y OF SAN RAFAEL, CALIFORN.
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30,1997
11. EXCESS OF EXPENDITURES OVER APPROPRIATIONS
Debt Service Funds:
Peacock Gap Assessment District Fund
Mariposa Assessment District Fund
1992 Agency Refunding Bonds Fund
1995 Agency Bonds Fund
12. EMPLOYEES' RETIREMENT PLAN
Plan Description
Appropriations Expenditures
$ 320,350
23,453
1,425,356
629,644
$ 322,190
23,830
1,429,492
632,438
Excess
$ (1,840)
(377)
(4,136)
(2,794)
All pennanent employees are eligible to participate in the Marin County Employees' Retirement
Fund (the Fund). The Fund is an agent multiple-employer defined 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 final compensation. Employees vest after five years
of service and are eligible to receive retirement benefits after 10 years of service and have
attained the age of 50, or 30 years of service (20 years for safety employees) regardless of age.
These benefit provisions and all other requirements are established by County ordinance.
The City contributed 26.77% of payroll to the Fund for public safety personnel and 14.17% for
other covered employees for the year ended June 30, 1997. The City's covered payroll for
employees participating in the Fund for the year ended June 30, 1997, was $16,155,555. The
City's 1997 payroll for all employees was $20,980,188. 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.
Funding Status and Progress
The "pension benefit obligation" is detennined 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 accumulating
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 perfonned as of July 1, 1994. The significant actuarial assumptions used in the 1994
35
(
lTV OF SAN RAFAEL. CALIFOR. _A
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1997
actuarial valuation to compute the pension benefit obligation were an assumed rate of return on
investment assets of 8%, and annual payroll increases of 4.5% per year before five years of
service, and 2% per year thereafter for miscellaneous employees under age 40 or 0.5% per year
thereafter for safety employees.
Total unfunded pension benefit obligation applicable to the City's employee groups at July 1,
1996, 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
Actuarially Determined Contributions Required and Contributions Made
$ 45,107,000
10,260,000
41,690,000
1.485,000
98,542,000
100,868,000
$ (2,326,000)
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, 1997, of $3,647,681 was made in accordance
with the actuarially determined requirements computed as of July 1, 1994. The City contributed
$2,949,871 (20.89% of current covered payroll). The employees' contribution was $697,810
(5.00% of current covered payroll).
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 . It is assumed that payroll
increases at an annual inflation rate of 4.5% over the amortization period. As of July 1, 1994
twelve years are left in the amortization period.
36
{
I TY OF SAN RAFAEL. CALIFORl\ ..
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1997
Significant actuarial assumptions used in the 1994 valuation to compute the actuarially
determined contribution requirement are the same as those used to compute the pension benefit
obligation as described above.
Three-Y ear Historical Trend Information
Trend information gives an indication of the progress made in accumulating sufficient assets to
pay benefits when due. The ten-year historical information is shown in the Statistical Section.
For the City's share of the Fund, trend information for the years ended June 30, 1996, 1995 and
1994 is as follows:
Net assets available for
benefits, at cost
Pension benefit obligation
Net assets available for
benefits as a percentage
of pension benefit obligation
Unfunded pension benefit obligation
Estimated annual covered payroll
Unfunded pension benefit
obligation as a percentage
of annual covered payroll
$ 100,868,000
98,542,000
102%
(2,326,000)
15,403,000
(15)%
$ 84,535,777
98,532,000
86%
13,996,223
14,643,000
96%
$ 78,189,294
91,958,000
85%
13,768,706
13,945,000
99%
Employer's contributions, made in accordance with actuarially determined requirements, as a
percentage of annual covered payroll was 20.89%, 20.42% and 19.44% for 1996, 1995 and 1994,
respectively.
13. PUBLIC AGENCY RETIREMENT SYSTEM (DEFINED CONTRIBUTION
RETIREMENT PLAN)
The City contributes to the Public Agency Retirement System (PARS), which is a defined
contribution retirement plan. A defined contribution retirement plan provides retirement benefits
in return for services rendered, provides an individual account for each participant, and specifies
how contributions to the individual's account are to be determined instead of specifying the
amount of benefits the individual is to receive.
Under a defined contribution pension plan, the benefits a participant will receive depend solely on
the amount contributed to the participant's account, the returns earned on investments on those
37
(
TY OF SAN RAFAEL. CALIFORl _~
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1997
contributions, and forfeitures of other participant's benefits that may be allocated to such
participant's account.
As established by the plan, all eligible employees of the City will become a participant in the plan
from the date they are hired. An eligible employee is any employee who, at any time during
which the employer maintains this plan, is not accruing a benefit under the Marin County
Employees Retirement Fund. (See Note 12).
Contributions made by an employee and the employer vest immediately. As determined by the
plan, each employee must contribute 3.75% of gross earnings to the plan. The City contributes
an additional 3.75% of the employee's gross earnings.
During the year, the City contributed $83,574 (3.75% of current year covered payroll) and
employees contributed $83,574 (3.75% of current year covered payroll). The total covered
payroll of employees participating in the plan for the year ended June 30, 1997, was $2,228,640.
The total payroll for the year was $20,980,188.
No changes in plan provisions occurred during the year. The plan held no securities of the City
or other related parties during or at the close of the fiscal year.
14. POST-EMPLOYMENT HEALTH CARE BENEFITS
The City provides certain health care benefits for retired employees and their spouses. The
benefit provisions were established under the authority of the 1937 Act, Section 31450, et. seq. of
the Government Code. Substantially ail 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. At June 30, 1997, 149 retirees
received post-employment health care benefits. Those expenditures are reduced by
reimbursements from the Marin County Retirement Office of the annual amount set forth in the
County Retirement Rules and Regulations 1937 Act as amended and in Sections 31450 et. seq. of
the Government Code. The cost of retiree health care benefits is recognized as an expenditure as
claims are paid. For the fiscal year ended June 30, 1997, those costs totaled $174,637.
15. DEFERRED COMPENSATION PLAN
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, permits 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
38
~ .'Y OF SAN RAFAEL. CALIFORN __
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1997
(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.
The City has no liability for losses under the plan but does have the fiduciary duty of due care
that would be required of an ordinary prudent investor. The City believes that it is unlikely that it
will use the assets to satisfy the claims of general creditors in the future.
16. SEGMENT INFORMATION FOR ENTERPRISE FUNDS
The City's Enterprise Funds comprises only of the discretely presented component unit, San
Rafael Sanitation District. Segment information for the fiscal year ended June 30, 1997, is as
follows:
Types of goods or services provided Wastewater transmission
Operating revenues
Depreciation and amortization expense
Operating income
Tax revenues
Non-operating revenues (expenses)
Net income
Fixed asset additions
Net working capital
Total Assets
Long-term obligations payable from operating revenues
Total Fund Equity
17. RISK MANAGEMENT
$ 3,904,647
720,825
56,628
449,639
232,671
289,299
1,914,795
334,850
$ 24,072,444
4,302,553
$19,262,218
The City is exposed to various risks of loss related to torts; theft of, damage to, and destruction of
assets; errors and omissions; injuries to employees; and natural disasters. The City is self-insured
up to a maximum of $500,000 for each general liability claim, $250,000 for each workers'
compensation claim, and $25,000 for each property damage claim. The City participates in a
public agency risk sharing pool (California Joint Powers Risk Management Authority) for general
liability claims in excess of the self-insured amounts up to $9,500,000. The City purchases
commercial insurance for workers' compensation claims in excess of the self-insured amount up
to $9,750,000. The City also purchases commercial insurance for property damage claims in
excess of the self-insured amount up to $28,853,000. The City accounts for and finances its
uninsured risks of loss in the General Fund. The City had established a claims liability of
$1,949,188 at June 30, 1997, based on the requirement of Governmental Accounting Standards
Board Statement No. 10, which requires that a liability for claims be reported if information prior
39
:TY OF SAN RAFAEL. CALIFORl _A
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1997
to the issuance of the financial statements indicates that it is probable that a liability has been
incurred at the date of the financial statements and the amount of the loss can be reasonably
estimated. Settled claims have not exceeded this coverage in any of the past three fiscal years.
A reconciliation of changes in the aggregate liabilities for claims for the fiscal year ended June
30, 1996 and 1997 is as follows:
Unpaid claims and claim adjustments at June 30, 1996
Incurred claims and claim adjustment expenses
Payments and claim adjustments
Total unpaid claims and claim adjustments
expenses at June 30, 1997
$1,970,895
533,490
(555,197)
$1.949,188
The California Joint Powers Risk Management Authority which began operations in February
1986, is a governmental self-insurance cooperative organized under a joint power agreement
consisting of 23 members which represent over 120 public agencies in California. 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 City
paid $186,177 in premiums to the Risk Management Authority during the fiscal year ended June
30, 1997. Condensed financial information for the California Joint Powers Risk Management
Authority for the fiscal year ended June 30, 1996 is as follows:
Assets
Liabilities
Equity:
Retained earnings
Total Liabilities and Equity
Revenues
Expenses
Refunds to members
Net increase in retained earnings
40
$ 50,464,979
$ 26,799,834
23,665,145
$ 50,464,979
$12,396,779
(3,361,867)
(3,514,394)
$ 5,520,518
(
~ .'Y OF SAN RAFAEL, CALIFORN_
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1997
18. JOINT POWER AGREEMENTS
The City participates in various organizations through formally 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.
Joint Ventures:
The Marin County Integrated On-Line Library System (the System) was formed to provide for
the procurement, ownership, operation, maintenance, and governance of an integrated on-line
library system that is jointly owned and operated by the Cities of San Rafael, Mill Valley,
Sausalito, and the County of Marin. The Governing Board of the System consists of the library
director or designated alternate of each participant in the System. In accordance with the cost
sharing formula developed by the library directors of the participants, the City's share of the
acquisition cost in the amount of $108,007 represents 18.98% of ownership in the System.
Operating costs for the System are also shared by each participant by applying the cost sharing
the formula. Financial Statements of the System can be obtained at the County Librarian, Marin
County Free Library, Civic Center, Administration Building, San Rafael, CA 94903.
The Marin Street Light Acquisition Joint Powers Authority (MSLAJP A) was formed by the
County of Marin and twelve local agencies to acquire street light facilities, operate the facilities
during the pendency of an eminent domain action against PG&E and subsequent transfer of the
facilities to the individual local agencies. The Governing Board consists of five members from
the participating agencies. Each of the local agencies' share of contribution was based on the
number of street lights to be acquired in the local agencies' individual jurisdiction in relation to
the total number of street lights to be acquired by the MSLAJP A.
Jointly Governed Organizations:
The Countywide Planning Agency was established by the County of Marin and ten local cities to
implement countywide performance standards for traffic, housing, water and sewer facilities, and
environmental protection to ensure that residential and commercial growth does not exceed local
water, sewer and transportation capacities. The Governing Board of the Countywide Planning
Agency consists of one member of the County Board of Supervisors and one member of the City
Council of each participating city.
The Marin County Cable Rate Regulation Joint Powers Authority was established to regulate the
rates for cable television service and equipment and to advise the participants in their exercise of
their license authority. The Governing Board of the Marin County Cable Rate Regulation Joint
Powers Authority consists of one member from each of the seven participating local cities.
41
,
ITY OF SAN RAFAEL, CALIFOR-,.A
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 1997
The Marin County Major Crimes Task Force was established by twelve local law enforcement
agencies to provide funding and policy direction of a unit of peace officers and support personnel
to detect, apprehend and prosecute major crimes including highly mobile criminal narcotic
traffickers thus reducing major narcotic activity and combating its influence throughout the
County. The Governing Board of the Marin County Major Crimes Task Force consists of nine
members, one city council member, one member of the Marin County Board of Supervisors, two
city managers, two chief law enforcement officials, two residents of Marin County, and the Marin
County Administrator.
The Marin County Hazardous and Solid Waste Joint Powers Authority was established by the
County, local cities and waste franchising districts to finance, prepare and implement source
reduction and recycling elements on a county-wide integrated waste management plan as required
by State Assembly Bill 939.
19. LITIGATION
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 financial statements of the City.
20. RELATED PARTY TRANSACTION
On August 1, 1996, the City made a 30-year loan to the City Manager in the amoup.t of $400,000
at 5.33% interest rate for the purchase of a home. The loan is secured by the Deed of Trust.
21. PRIOR PERIOD ADJUSTMENTS
General Fund:
General Fund -Beginning fund balances were reduced by $1,970,895 for
prior year's insurance claims liabilities.
Special Revenue Funds:
Public Safety Fund -Beginning fund balances were reduced by $12,154
due to overstated receivable in the prior year.
Parkland Dedication Fund -Beginning fund balances were reduced by
$1,000 to adjust prior year's due from other funds.
42
~ .'Y OF SAN RAFAEL, CALIFORl'l _
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30,1997
Debt Service Funds:
1992 Agency Refunding Bonds Fund -Beginning fund balances were
reduced by $525,183 to write off prepaid bond interest that was recorded
originally as an increase in fund balances in the fiscal year ended June
30, 1993.
1995 Agency Bonds Fund -Proceeds of $631 ,469 was not established in
the 1995 debt service fund as cash with fiscal agent.
Capital Projects Funds:
Park Capital Projects Fund -Beginning fund balances were increased by
$2,000 to adjust prior year's due to other funds; and reduced by $45,186
to write off accounts receivable that were recorded as operating transfers-
in in the prior year.
43
(
SUPPLEMENTARY INFORMATION
· fV OF SAN RAFAEL. CALIFORl\_£~
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET
JUNE 30, 1997
BAYPOINT
LAGOONS
RECREATION ASSESSMENT PARKING GAS
ASSETS
Cash and investments
Accounts receivable
Grants receivable
Loans receivable
Due from other funds
TOTAL ASSETS
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable
Due to other funds
Deferred revenue
Total Liabilities
Fund Balances:
Reserved
Unreserved:
Designated
Undesignated
Total Fund Balances
TOTAL LIABILITIES
REVOLVING DISTRICT SERVICES TAX
$ 16,108 $ 18,491
$ 16,108 $ 18,491
$ 16,108 $ 1,404
16,108 1,404
5,000
12,087
17,087
$ 129,241
14,943
$ 144,184
$ 2,264
2,264
141,920
141,920
$ 648,035
57,329
$ 705.364
$ 11,710
11,710
14,221
679,433
693,654
AND FUND BALANCES ~$=1~6,=10=8======~$=18~,4~9~1====~$=1=44~,=18=4====~$=70~5~,3~64
44
(
HOUSEHOLD LOCH LOMOND
EQUIPMENT DEVELOPMENT HAZMA T ASSESSMENT DEVELOPMENT
CIDLDCARE REPLACEMENT REVOLVING FACILITY DISTRlCT SERVICES
$ 250,385
1,000
$ 251,385
$ 18,634
18,634
1,286
231,465
232,751
.i1.2..1,385
$2,214,798 $ 20,452
$2.214.798 $ 20,452
$ 29,885 $ 20,452
29,885 20.452
524,176
1,660,737
2,184,913
$2.214.798 $ 20.452
45
$ 171,593
143,191
$ 314,784
$ 38,877
38,877
153,867
122,040
275,907
$ 314.784
$ 126,987
$ 126.987
$ 15,595
15.595
111,392
111,392
$ 126.987
$ 913,462
$913.462
$ 40,i76
40,776
607,666
265,020
872,686
$ 913.462
(Continued)
:TY OF SAN RAFAEL, CALIFO~ _A
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET
JUNE 30, 1997
TRAFFIC AND
HOUSING
LIBRARY SAFETY STORMW A TER MITIGATION
ASSETS
Cash and investments
Accounts receivable
Grants receivable
Loans receivable
Due from other funds
TOTAL ASSETS
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable
Due to other funds
Deferred revenue
Total Liabilities
Fund Balances:
Reserved
Unreserved:
Designated
Undesignated
Total Fund Balances
TOTAL LIABILITIES
AND FUND BALANCES
$ 40,811
$ 40,811
$ 366
366
40,445
40,445
$ 40,811
46
$ 47,034
$ 47,034
$ 2,322
2,322
3,225
41,487
44,712
$47,034
$ 832,018
37,117
$ 869,135
$ 187,710
187,710
46,064
635,361
681,425
$ 869,135
$7,416,775
161,260
100,000
$7,678,035
$ 94,194
94,194
100,000
7,483,841
7,583,841
$7,678,035
GRANTS
$ 113,635
73
204,808
~ 318,516
$ 27,076
23,723
50,799
7,190
260,527
267,717
$ 318,516
PARKLAND
DEDICATION
$1,148,318
21,726
58,000
~ 1,228,044
$
21,726
21,726
43,452
1,184,592
1,184,592
$1,228,044
(
TOTAL
$14,108,143
436,639
204,808
100,000
58,000
~ 14,907,590
$ 507,373
45,449
21,726
574,548
1,462,695
11,209,610
1,660,737
14,333,042
$14,907,590
(Concluded)
47
lTY OF SAN RAFAEL. CALIFOR. ,..A
SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
BAYPOINT
LAGOONS
RECREATION ASSESSMENT PARKING GAS
REVOLVING DISTRICT SERVICES TAX
REVENUES:
Taxes and special assessments $ $ 26,812 $ $
Licenses and penn its 628,695
Uses of money and property 7,606 38,140
Intergovernmental 1,078,610
Charges for current services 728,518
Other revenues 5~179
Total Revenues 733~697 26,812 636,301 1,116,750
EXPENDITURES:
Current:
General governmental 670,217
Public safety
Public works and parks 15,729
Culture and recreation 783,147
Capital Outlay 783~856
Total Expenditures 783,147 15,729 670,217 783,856
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES (49,450) 11,083 (33,916) 332,894
OTHER FINANCING SOURCES (USES):
Operating transfers -In 49,450
Operating transfers -Out (72,155) (350,000)
Total Other Financing Sources (Uses) 49,450 (72,155) (350,000)
EXCESS (DEFICIENCY) OF REVENUES
AND OTHER FINANCING SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER FINANCING USES 11,083 (106,071) (17,106)
FUND BALANCES AT BEGINNING OF
YEAR 6,004 247,991 710,760
PRIOR PERIOD ADmSTMENT
FUND BALANCES AT END OF YEAR $ $ 17,087 $ 141,920 $ 693,654
48
( (
HOUSEHOLD LOCH LOMOND
EQUIPMENT DEVELOPMENT HAZMAT ASSESSMENT DEVELOPMENT
ClllLDCARE REPLACEMENT REVOLVING FACILITY DISTRICT SERVICES
$ $ $ $ $ 56,697 $
8,911 119,013 16,526 1,632 26,515
J 1,318 488,091
1,863,750 285,231 70,565
742,390 4,286 203,597
1,923,979 861,403 301,757 564,574 56,697 230,112
410,613 146,962
277,611
4,032
1,721,988
166,617 566,075 101,825
1,888,605 566,075 410,613 379.436 4,032 146,962
35,374 295,328 (108.856) 185,138 52,665 83,150
20,801 11,976 96,119 789,536
(946,130)
20.801 (934,154) 96,119 789,536
56,175 295,328 (1,043,010) 281,257 52,665 872,686
176,576 1,889,585 1,043,010 (5,350) 58,727
$ 232,751 $ 2, 184.913 $ $ 275,907 $ 111,392 $ 872,686
(Continued)
49
fV OF SAN RAFAEL. CALIFORl\ &
SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
TRAFFIC AND
HOUSING
LIBRARY SAFETY STORMWATER MITIGATION
REVENUES:
Taxes and special assessments $ $ $ 584,657 $
Licenses and penn its
Uses of money and property 28,276 2,482 41,074 435,091
Intergovernmental 39,326 974,120 214,809
Charges for current services 8,332 16,766
Other revenues 17,574 900 584,443
Total Revenues 45,850 51,040 1,599,851 1,251,109
EXPENDITURES:
Current:
General governmental
Public safety 30,759
Public works and parks
Culture and recreation 32,563
Capital Outlay 327 56,014 ],540,716 2,023,111
Total Expenditures 32,890 86,773 1,540,716 2,023,111
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES ]2,960 (35,733) 59,135 (772,002)
OTHER FINANCING SOURCES (USES):
Operating transfers -In 5,025 3,053
Operating transfers -Out (8,372) (689)
Total Other Financing Sources (Uses) (3,347) 2,364
EXCESS (DEFICIENCY) OF REVENUES
AND OTHER FINANCING SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER FINANCING USES 9,613 (33,369) 59,135 (772,002)
FUND BALANCES AT BEGINNING OF
YEAR 30,832 90,235 622,290 8,355,843
PRIOR PERIOD ADJUSTMENT (12,] 54)
FUND BALANCES AT END OF YEAR ~40,445 ~ 44,712 ~ 68],425 $7,583,84]
50
GRANTS
$
5,729
762,050
10,951
778,730
113,455
15,998
354,061
60,607
544,121
234,609
88,572
(16,177)
72,395
307,004
(39,287)
$ 267,717
(
PARKLAND
DEDICATION
$ 2,377
65,871
40,018
108,266
108,266
(30,053)
(30,053)
78,213
1,107,379
(1,000)
$1,184,592
$
TOTAL
670,543
628,695
796,866
3,608,324
2,973,162
1,609,338
10,286,928
1,227,792
421,825
35,759
2,891,759
5,299,148
9,876,283
410,645
1,064,532
(1,423,576)
(359,044)
51,601
14,294,595
(13,154)
$ 14,333,042
5 1
(
(Concluded)
-TV OF SAN RAFAEL. CALIFORl .-\
RECREATION REVOLVING FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
BUDGET (CASH BASIS) AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
VARIANCE
FAVORABLE
BUDGET ACTUAL (UNFAVORABLE)
REVENUES:
Charges for current services
Other revenues
Total Revenues
EXPENDITURES:
Current:
Culture and recreation
Capital outlay
Total Expenditures
EXCESS (DEFICIENCy) OF
REVENUES OVER (UNDER)
EXPENDITURES
OTHER FINANCING SOURCES (USES):
Operating transfers -In
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
ADJUSTMENT TO BUDGETARY BASIS
FUND BALANCES AT END OF YEAR
$ 802,500
10,500
813,000
849,942
6,000
855,942
(42,942)
$ (42,942)
52
$ 728,518
5,179
733,697
784,231
784,231
(50,534)
49,450
49,450
(1,084)
1,084
$
$(73,982)
(5,321)
(79,303)
65,711
6,000
71,711
(7,592)
49,450
49,450
$ 41,858
~ .L~y OF SAN RAFAEL, CALIFOAA_ ..
PARKING SERVICES FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
BUDGET (CASH BASIS) AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
VARIANCE
FAVORABLE
BUDGET ACTUAL (UNFAVORABLE)
REVENUES:
Licenses and pennits
Uses of money and property
Total Revenues
EXPENDITURES:
Current:
General governmental
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
ADJUSTMENT TO BUDGETARY BASIS
FUND BALANCES AT END OF YEAR
$ 610,000
14.000
624,000
686.225
686,225
(62,225)
$ (62.225)
53
$627,887
7,606
635,493
674.842
674,842
(39,349)
(72,155)
(72,155)
(111,504)
247,991
5,433
$141,920
$ 17,887
(6,394)
11,493
11 ,383
11 ,383
22.876
(72.155)
(72 ,155)
$(49,279)
TV OF SAN RAFAEL, CALIFOru .-\
GAS TAX FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
BUDGET (CASH BASIS) AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
VARIANCE
FAVORABLE
BUDGET ACTUAL CUNF A VORABLE)
REVENUES:
Uses of money and property
Intergovernmental
Total Revenues
EXPENDITURES:
Current:
Public works and parks
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
$ 30,000
1,025.500
1,055.500
1,060,000
1,060,000
(4,500)
AND OTHER FINANCING USES $ (4.500)
FUND BALANCES AT BEGINNING OF
YEAR
ADJUSTMENT TO BUDGETARY BASIS
FUND BALANCES AT END OF YEAR
54
$ 38,140
1,021,281
1,059,421
772,146
772,146
287,275
(350,000)
(350,000)
(62,725)
710,760
45,619
$ 693.654
$ 8,140
(4,219)
3,921
287,854
287,854
291,775
(350,000)
(350,000)
$ (58,225)
I
.TV OF SAN RAFAEL. CALIFORl ,_A
CHILDCARE FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
BUDGET (CASH BASIS) AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
VARIANCE
FAVORABLE
BUDGET ACTUAL (UNF A VORABLE)
REVENUES:
Licenses and permits
Intergovernmental
Charges for current services
Total Revenues
EXPENDITURES:
Current:
Culture and recreation
Capital Outlay
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
$ 1,820
9,100
1.836,177
1.847,097
1,818,253
294,092
2,112,345
(265,248)
AND OTHER FINANCING USES $ (265,248)
FUND BALANCES AT BEGINNING OF
YEAR
ADJUSTMENT TO BUDGETARY BASIS
FUND BALANCES AT END OF YEAR
55
$ 8,911
50,318
1.863,750
1.922,979
1,738,720
166,617
1,905,337
17,642
20,801
20.801
38,443
176,576
17,732
$ 232,751
$ 7,091
41,218
27.573
75,882
79,533
127,475
207,008
282,890
20,801
20,801
$ 303,691
I
TY OF SAN RAFAEL, CALIFORl ~
EQUIPMENT REPLACEMENT FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
BUDGET (CASH BASIS) AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
VARIANCE
FAVORABLE
BUDGET ACTUAL CUNF A VORABLE)
REVENUES:
Licenses and pennits
Uses of money and property
Total Revenues
EXPENDITURES:
Current:
General governmental
Total Expenditures
EXCESS (DEFICIENCY) OF
REVENUES OVER (UNDER)
EXPENDITURES
FUND BALANCES AT BEGINNING OF
YEAR
ADJUSTMENT TO BUDGETARY BASIS
FUND BALANCES AT END OF YEAR
$ 120,000
679,636
799,636
1.121.322
1.121,322
$ (321,686)
56
$ 119,013 $ (987)
755,260 75,624
874,273 74,637
590,570 530,752
590.570 530,752
283,703 $605.389
1,889,585
11,625
$2.184,913
C Y OF SAN RAFAEL, CALIFORNI!
HOUSEHOLD HAZMAT FACILITY FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
BUDGET (CASH BASIS) AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
VARIANCE
FAVORABLE
BUDGET ACTUAL (UNFAVORABLE)
REVENUES:
Uses of money and property
Intergovernmental
Charges for current services
Other revenues
Total Revenues
EXPENDITURES:
Current:
Public safety
Capital outlay
Total Expenditures
EXCESS (DEFICIENCy) OF
REVENUES OVER (UNDER)
EXPENDITURES
OTHER FINANCING SOURCES (USES):
Operating transfers -In
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
ADJUSTMENT TO BUDGETARY BASIS
FUND BALANCES AT END OF YEAR
$
360,000
360,000
387,456
6.500
393.956
(33,956)
$ (33,956)
57
$ 1,632
344,900
70,565
4.286
421.383
238,979
101.825
340.804
80.579
96.119
96.119
176,698
(5,350)
104.559
$275.907
$ 1,632
(15,100)
70,565
4.286
61.383
148,477
(95,325)
53.152
114,535
96.119
96,119
$ 210.654
'TY OF SAN RAFAEL. CALIFOru ..1
LIBRARY FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
BUDGET (CASH BASIS) AND ACTUAL
FOR THE FISCAL YEAR ENDED ruNE 30, 1997
VARIANCE
FAVORABLE
BUDGET ACTUAL (UNFAVORABLE)
REVENUES:
Uses of money and property
Other revenues
Total Revenues
EXPENDITURES:
Current:
Culture and recreation
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 OTHER FINANCING SOURCES
OVER (UNDER) EXPENDITURES
AND OTHER FINANCING USES
FUND BALANCES AT BEGINNING OF
YEAR
ADmSTMENT TO BUDGETARY BASIS
FUND BALANCES AT END OF YEAR
$ 23,800
7,500
31,300
50,200
50,200
08,900)
$ 08,900)
58
$28,276
17,574
45,850
34,170
327
34.497
11,353
5,025
(8,372)
(3,347)
8,006
30,832
1,607
$40.445
$ 4,476
10,074
14,550
16,030
(327)
15,703
30.253
5,025
(8,372)
(3,347)
$26,906
IV OF SAN RAFAEL, CALIFOru< __ ~
PUBLIC SAFETY FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
BUDGET (CASH BASIS) AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
VARIANCE
FAVORABLE
BUDGET ACTUAL (UNFA VORABLE)
REVENUES:
Uses of money and property $ 1,350 $ 2,482 $ 1,132
Intergovernmental 65,400 63,633 (1,767)
Charges for current services 4,000 8,332 4,332
Other revenues 50 900 850
Total Revenues 70,800 75,347 4,547
EXPENDITURES:
Current:
Public safety 46,825 30,759 16,066
Capital outlay 50~052 54~160 (4,108)
Total Expenditures 96,877 84,919 11.958
EXCESS (DEFICIENCy) OF
REVENUES OVER (UNDER)
EXPENDITURES (26,077) (9,572) 16,505
OTHER FINANCING SOURCES (USES):
Operating transfers -In 3,053 3,053
Operating transfers -Out (689) (689)
Total Other Financing Sources
(Uses) 2,364 2,364
EXCESS (DEFICIENCy) OF REVENUES
AND OTHER FINANCING SOURCES
OVER (UNDER) EXPENDITURES
AND OTHER FINANCING USES $ (26,077) (7,208) $18.869
FUND BALANCES AT BEGINNING OF
YEAR 90,235
PRIOR PERIOD ADJUSTMENTS (12,154)
ADJUSTMENT TO BUDGETARY BASIS (26,161)
FUND BALANCES AT END OF YEAR $ 44.712
59
TV OF SAN RAFAEL. CALIFOR.l\ ~
STORMWATERFUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
BUDGET (CASH BASIS) AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
VARIANCE
FAVORABLE
BUDGET ACTUAL (UNFAVORABLE)
REVENUES:
Taxes and special assessments
Uses of money and property
Intergovernmental
Total Revenues
EXPENDITURES:
Capital outlay
Total Expenditures
EXCESS (DEFICIENCY) OF
REVENUES OVER (UNDER)
EXPENDITURES
FUND BALANCES AT BEGINNING OF
YEAR
ADJUSTMENT TO BUDGETARY BASIS
FUND BALANCES AT END OF YEAR
$ 592,000
2,850
937,003
1,531,853
1,972,520
1,972,520
$ (440,667)
60
$ 584,657
41,074
937,003
1,562,734
1,363,596
1,363,596
199,138
622,290
040,003)
$ 681,425
$ (7,343)
38,224
30,881
608,924
608,924
$639,805
!:. ~y OF SAN RAFAEL. CALIFORl'f _
TRAFFIC AND HOUSING MITIGATION FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
BUDGET (CASH BASIS) AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
VARIANCE
FAVORABLE
BUDGET ACTUAL (UNFAVORABLE)
REVENUES:
Uses of money and property
Intergovernmental
Charges for current services
Other revenues
Total Revenues
EXPENDITURES:
Capital outlay
Total Expenditures
EXCESS (DEFICIENCy) OF
REVENUES OVER (UNDER)
EXPENDITURES
FUND BALANCES AT BEGINNING OF
YEAR
ADJUSTMENT TO BUDGETARY BASIS
FUND BALANCES AT END OF YEAR
$ $ 435,091 $ 435,091
214,809 214,809
16,766 16,766
358,000 423.183 65,183
358,000 1,089 .~49 731,849
7,728,190 3,115,205 4,612.985
7,728.190 3,115,205 4,612,985
$(7,370.190) (2,025,356) $5.344,834
8,355,843
1,253,354
$ 7,583,841
61
-TV OF SAN RAFAEL. CALIFORl !
GRANTS FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
BUDGET (CASH BASIS) AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
REVENUES:
Uses of money and property
Intergovernmental
Other revenues
Total Revenues
EXPENDITURES:
Current:
Public safety
Public works and parks
Culture and recreation
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 OTHER FINANCING SOURCES
OVER (UNDER) EXPENDITURES
BUDGET
$
421,596
421 2 596
258,685
275,236
502 720
5842 641
(163 2 045)
AND OTHER FINANCING USES $ (163 2 045)
FUND BALANCES AT BEGINNING OF
YEAR
ADmSTMENT TO BUDGETARY BASIS
FUND BALANCES AT END OF YEAR
62
ACTUAL
$ 5,729
575,843
10,951
592 2 523
113,455
15,998
349,787
60 2607
5392 847
52 2676
88,572
(1 6J 77)
72395
125,071
(39,287)
18L933
$2672 717
VARIANCE
FAVORABLE
(UNFAVORABLE)
$ 5,729
154,247
10,951
1702 927
145,230
(15,998)
(74,551)
(9.887)
442 794
215 2 721
88,572
(16J 77)
72,395
$288J 16
(
TIDS PAGE LEFT BLANK INTENTIONALLY
63
"TV OF SAN RAFAEL, CALIFORl A
ASSETS
Cash and investments
Cash with fiscal agent
Assessments receivable
TOTAL ASSETS
DEBT SERVICE FUNDS
COMBINING BALANCE SHEET
JUNE 30,1997
EAST FRANCISCO
BOULEVARD
ASSESSMENTS
DISTRICT
$ 13,701
$ 13,701
LIABILITIES AND FUND BALANCES
Liabilities:
Deferred revenue
Total Liabilities
Fund Balances:
Reserved
Unreserved:
Designated
Total Fund Balances
TOTAL LIABILITIES AND
FUND BALANCES
$
13,701
13,701
$ 13,701
64
KERNER
BOULEVARD
ASSESSMENTS
DISTRICT
$ -
$ -
$ -
$ -
SUN
VALLEY
ASSESSMENT
DISTRICT
$ -
$ -
$ -
PEACOCK
GAP
ASSESSMENT
DISTRICT
$ 450,263
470,347
$920,610
$ 470,347
470.347
450,263
450,263
$ 920,610
1915
ACT
BONDS
$
68,586
$ 68,586
$
68,586
68,586
$ 68 ,586
CIVIC CENTER!
NORTHGATE
ASSESSMENT
DISTRICT
$ -
$ -
$ -
$ -
(
MARIPOSA 1997
ASSESSMENT REASSESSMENT
DISTRICT BONDS
$ 39,267
$ 39,267
$
39,267
39,267
$ 39,267
65
$ -
2,397
$ 2.397
$ -
2,397
2.397
$ 2,397
1997
FINANCING
AUTHORITY
REVENUE BONDS
$ 392,764
106,112
1,050.219
$1,549,095
$1,050,219
1,050,219
498,876
498,876
$1,549,095
(Continued)
( "y OF SAN RAFAEL, CALIFORN
DEBT SERVICE FUNDS
COMBINING BALANCE SHEET
ASSETS
Cash and investments
Cash with fiscal agent
Assessments receivable
TOTAL ASSETS
LIABILITIES AND FUND BALANCES
Liabilities:
Deferred revenue
Total Liabilities
Fund Balances:
Reserved
Unreserved:
Designated
Total Fund Balances
TOTAL LIABILITIES AND
FUND BALANCES
JUNE 30, 1997
1992
AGENCY
REFUNDING
66
BONDS
$ -
375
$ 375
$1,275
1,275
(900)
(900)
$ 375
~
1995
AGENCY
BONDS
$
631,628
$ 631,628
$
631,628
631,628
$ 631,628
TOTAL
$ 895,995
809,098
1,520,566
$3,225,659
$1,521,841
1,521.841
1,690,117
13,701
1.703,818
$3,225,659
(Concluded)
( (
TillS PAGE LEFT BLANK INTENTIONALLY
67
TY OF SAN RAFAEL. CALIFOm ~
DEBT SERVICE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
REVENUES:
Taxes and special assessments
Uses of money and property
Other
Total Revenues
EXPENDITURES:
Debt Service:
Principal retirement
Interest and fiscal charges
Total Expenditures
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES):
Operating transfers -In
Operating transfers -Out
Bonds proceeds
Bonds issuance cost
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
EAST FRANCISCO
BOULEVARD
ASSESSMENTS
DISTRICT
$
13,701
$ 13,701
68
KERNER
BOULEVARD
ASSESSMENTS
DISTRICT
$ 300,060
22,190
$
322,250
210,000
121,480
331 ,480
(9.230)
(830,145)
(830,145)
(839,375)
839,375
SUN
VALLEY
ASSESSMENT
DISTRICT
$ 19,663
743
$
20,406
11,000
10,200
21,200
(794)
(51,147)
(51,147)
(51,941)
51,941
PEACOCK
GAP
ASSESSMENT
DISTRICT
$ 265,163
20,325
285,488
211,650
110,540
322,190
(36,702)
(36,702)
486,965
$ 450.263
1915
ACT
BONDS
$ 5,518
5,518
13,000
2,386
15,386
(9,868)
(9,868)
78,454
$ 68.586
CIVIC CENTER!
NORTHGATE
ASSESSMENT
DISTRICT
$ 183,542
8,958
192,500
110,000
113,025
223,025
(30,525)
(392,347)
(392,347)
(422,872)
422,872
$
(
MARIPOSA 1997
ASSESSMENT REASSESSMENT
DISTRICT BONDS
69
$ 22,743
2,275
25,018
10,000
13,830
23.830
1,188
1,188
38,079
$ 39.267
$
$
26,741
26.741
5,805,000
457,983
6,262.983
(6,236,242)
6,258,639
(20,000)
6,238,639
2,397
2.397
1997
FINANCING
AUTHORITY
REVENUE BONDS
$ 405,473
4,816
410,289
410,289
20,000
(4,985,000)
5,250,000
(196,413)
88,587
498,876
$ 498,876
(Continued)
TV OF SAN RAFAEL. CALIFORl' . ..
DEBT SERVICE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
1992
AGENCY 1995
REFUNDING AGENCY
BONDS BONDS TOTAL
REVENUES:
Taxes and special assessments $ 886,530 $ 623,999 $ 2,712,691
Uses of money and property 13,585 5,564 105,197
Other 1,361 2,974 4,335
Total Revenues 901.476 632,537 2,822,223
EXPENDITURES:
Debt Service:
Principal retirement 385,000 170,000 6,925,650
Interest and fiscal charges 1,044,492 462,438 2,336,374
Total Expenditures 1,429,492 632,438 9,262,024
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES (528,016) 99 (6,439,801)
OTHER FINANCING SOURCES (USES):
Operating transfers -In 1,500 57 6,280,196
Operating transfers -Out (231,436) (6,510,075)
Bonds proceeds 5,250,000
Bonds issuance cost (196,413)
Total Other Financing Sources (Uses) 1.500 (231.379) 4,823,708
EXCESS (DEFICIENCY) OF REVENUES
AND OTHER FINANCING SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER FINANCING USES (526,516) (231,280) (1,616,093)
FUND BALANCES AT BEGINNING OF YEAR 1,050,799 231,439 3,213,625
PRIOR PERIOD ADJUSTMENTS (525,183) 631,469 106,286
FUND BALANCES AT END OF YEAR $ (900) i 631,628 i 1,703,818
(Concluded)
70
{ L . Y OF SAN RAFAEL. CALIFORNL_
KERNER BOULEVARD ASSESSMENT DISTRICT FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET (CASH BASIS) AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
REVENUES:
Taxes and special assessment
Uses of money and property
Total Revenues
EXPENDITURES:
Debt Service:
Principal retirement
Interest and fiscal charges
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
BUDGET
$300,059
22,297
322,356
210,000
121.480
331,480
(9,124)
$ (9,124)
71
VARIANCE
FAVORABLE
ACTUAL CUNFA VORABLE)
$ 300,060
22,190
$
322,250
210,000
121.480
331.480
(9,230)
(830,145)
(830,145)
(839,375)
839,375
$ 1
(107)
(106)
(106)
(830,145)
(830,145)
$(830,251)
~ ~YOFSANRAFAEL,CALIFOAA_.&
SUN V ALLEY ASSESSMENT DISTRICT FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET (CASH BASIS) AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
REVENUES:
Taxes and special assessment
Uses of money and property
Total Revenues
EXPENDITURES:
Debt Service:
Principal retirement
Interest and fiscal charges
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
BUDGET
$19,297
1,111
20,408
11,000
10,201
21,201
(793)
$ (793)
72
VARIANCE
FAVORABLE
ACTUAL CUNFA VORABLE)
$ 19,663
743
$
20,406
11,000
10,200
21,200
(794)
(51,147)
(51,147)
(51,941)
51,941
$ 366
(368)
(2)
1
1
0)
(51,147)
(51,147)
$(51,148)
!L Y OF SAN RAFAEL, CALIFORN _
PEACOCK GAP ASSESSMENT DISTRICT FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET (CASH BASIS) AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
REVENUES:
Taxes and special assessment
Uses of money and property
Total Revenues
EXPENDITURES:
Debt Service:
Principal retirement
Interest and fiscal charges
Total Expenditures
EXCESS (DEFICIENCY) OF
REVENUES OVER (UNDER)
EXPENDITURES
FUND BALANCES AT BEGINNING OF
YEAR
FUND BALANCES AT END OF YEAR
BUDGET
$266,887
19,500
286,387
216,650
103,700
320,350
$ (33,963)
73
VARIANCE
FAVORABLE
ACTUAL (UNFA VORABLE)
$265,163
20,325
285,488
211,650
110,540
322.190
(36,702)
486,965
$450.263
$(1,724)
825
(899)
5,000
(6,840)
(1,840)
$(2,739)
TY OF SAN RAFAEL. CALIFORi _-\
1915 ACT BONDS FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET (CASH BASIS) AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
REVENUES:
Taxes and special assessment
Total Revenues
EXPENDITURES:
Debt Service:
Principal retirement
Interest and fiscal charges
Total Expenditures
EXCESS (DEFICIENCy) OF
REVENUES OVER (UNDER)
EXPENDITURES
FUND BALANCES AT BEGINNING OF
YEAR
FUND BALANCES AT END OF YEAR
BUDGET
$22,000
22,000
20,000
3,500
23,500
$ (1,500)
74
VARIANCE
FAVORABLE
ACTUAL CUNFA VORABLE)
$ 5,518
5,518
13,000
2,386
15,386
(9,868)
78,454
$68,586
$(16,482)
(16,482)
7,000
1,114
8,114
$ (8,368)
{
!.. 'Y OF SAN RAFAEL. CALIFORN_ _
CIVIC CENTERINORTHGATE ASSESSMENT DISTRICT FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET (CASH BASIS) AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
REVENUES:
Taxes and special assessment
Uses of money and property
Total Revenues
EXPENDITURES:
Debt Service:
Principal retirement
Interest and fiscal charges
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
BUDGET
$183,542
9.131
192,673
110,000
113,025
223,025
(30,352)
$ (30,352)
75
VARIANCE
FAVORABLE
ACTUAL CUNF A VORABLE)
$ 183,542
8,958
$
192.500
110,000
113,025
223,025
(30.525)
(392,347)
(392,347)
(422,872)
422,872
$
(173)
(173)
(173)
(392,347)
(392,347)
$(392,520)
fV OF SAN RAFAEL. CALIFOru\_4~
MARIPOSA ASSESSMENT DISTRICT FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET (CASH BASIS) AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
REVENUES:
Taxes and special assessment
Uses of money and property
Total Revenues
EXPENDITURES:
Debt Service:
Principal retirement
Interest and fiscal charges
Total Expenditures
EXCESS (DEFICIENCy) OF
REVENUES OVER (UNDER)
EXPENDITURES
FUND BALANCES AT BEGINNING OF
YEAR
FUND BALANCES AT END OF YEAR
BUDGET
$22,911
1,750
24,661
10,000
13,453
23,453
$ 1,208
76
VARlANCE
FAVORABLE
ACTUAL CUNF A VORABLE)
$22,743
2,275
25,018
10,000
13,830
23,830
1,188
38,079
$39.267
$(168)
525
357
(377)
(377)
$ (20)
f !. 'Y OF SAN RAFAEL. CALIFORN __ 6
1997 REASSESSMENT BONDS FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET (CASH BASIS) AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
VARIANCE
FAVORABLE
BUDGET ACTUAL CUNF A VORABLE)
REVENUES:
Taxes and special assessment
Total Revenues
EXPENDITURES:
Debt Service:
Principal retirement
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
$ 26,231 $ 26,741
26,231
5,805,000
457,983
6,262,983
26,741
5,805,000
457,983
6,262,983
(6,236,752) (6,236,242)
6,258,639
(20,000)
6,238,639
AND OTHER FINANCING USES $(6,236,752) 2,397
FUND BALANCES AT BEGINNING OF
YEAR
FUND BALANCES AT END OF YEAR
77
$ 2,397
$ 510
510
510
6,258,639
(20 ,000)
6,238,639
$6,239.149
·TY OF SAN RAFAEL, CALIFORi .-!
1997 FINANCING AUTHORlTY REVENUE BONDS FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET (CASH BASIS) AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
REVENUES:
Taxes and special assessment
Uses of money and property
Total Revenues
OTHER FINANCING SOURCES (USES):
Operating transfers -In
Operating transfers -Out
Bond proceeds
Bond issuance cost
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
VARlANCE
FAVORABLE
BUDGET ACTUAL (UNFAVORABLE)
$ 407,387 $ 405,473
407,387
(171.757)
(171,757)
~ 235.630
$
78
4,816
410,289
20,000
(4,985,000)
5,250,000
(196,413)
88,587
498,876
498.876
$ (1,914)
$
4,816
2,902
20,000
(4,985,000)
5,250,000
(24,656)
260.344
263,246
{
( TV OF SAN RAFAEL. CALIFORl\_~-\
1992 AGENCY REFUNDING BONDS FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET (CASH BASIS) AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
VARIANCE
FAVORABLE
BUDGET ACTUAL (UNF A VORABLE)
REVENUES:
Taxes and special assessment
Uses of money and property
Other
Total Revenues
EXPENDITURES:
Debt Service:
Principal retirement
Interest and fiscal charges
Total Expenditures
EXCESS (DEFICIENCy) OF
REVENUES OVER (UNDER)
EXPENDITURES
OTHER FINANCING SOURCES (USES):
Operating transfers -In
Total Other Financing Sources
(Uses)
EXCESS (DEFICIENCy) OF REVENUES
AND OTHER FINANCING SOURCES
OVER (UNDER) EXPENDITURES
$ 564,000 $ 886,530
13,585
1.361
564,000 901.476
385,000
1,040,356
1.425,356
(861.356)
385,000
1,044,492
1.429,492
(528,016)
1,500
1.500
AND OTHER FINANCING USES $ (861.356) (526,516)
FUND BALANCES AT BEGINNING OF
YEAR
PRIOR PERIOD ADJUSTMENTS
FUND BALANCES AT END OF YEAR
79
1,050,799
(525.183)
$ (900)
$322,530
13,585
1.361
337,476
(4,136)
(4,136)
333,340
1.500
1.500
$334,840
[ LY OF SAN RAFAEL. CALIFORI\ .;
1995 AGENCY REFUNDING BONDS FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET (CASH BASIS) AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
REVENUES:
Taxes and special assessment
Uses of money and property
Other
Total Revenues
EXPENDITURES:
Debt Service:
Principal retirement
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
BUDGET
$ 564,000
564,000
170,000
459,644
629,644
(65,644)
$ (65,644)
80
VARIANCE
FAVORABLE
ACTUAL (UNFAVORABLE)
$ 623,999
5,564
2,974
632.537
170,000
462,438
632,438
99
57
(231,436)
(231,379)
(231,280)
231,439
631,469
$ 631,628
$ 59,999
5,564
2,974
68.537
(2,794)
(2,794)
65,743
57
(231,436)
(231,379)
$065,636)
(
TillS PAGE LEFT BLANK INTENTIONALLY
81
TV OF SAN RAFAEL, CALIFOru, ._~
CAPITAL PROJECTS FUNDS
COMBnITNGBALANCESHEET
JUNE 30, 1997
CAPITAL BEDROOM ASSESSMENT
OPEN SPACE IMPROVEMENT TAX DISTRICTS
ASSETS
Cash and investments $ 479,438 $1,198,472 $ 78,511 $ 730,841
Accounts receivable
Taxes receivable
Interest receivable
Loans receivable
Due from other funds 58,076
Land held for resale
TOTAL ASSETS $ 479,438 $1,198.472 $ ]36,587 $ 730,841
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $ $ 468 $ 4,591 $ 4,784
Due to other funds
Deposits
Deferred revenue
Total Liabilities 468 4.591 4,784
Fund Balances:
Reserved 68,394
Unreserved:
Designated 479,438 1,129,610 131,996 726,057
Total Fund Balances 479,438 1,198,004 131,996 726,057
TOTAL LIABILITIES AND
FUND BALANCES S 479,438 S 1,198,472 $ 136,587 S 730,841
82
PARK
CAPITAL
PROJECTS
$ 104,886
58,000
~ 162,886
$ 30,673
94,350
58,000
183,023
(20,137)
(20,137)
~ 162,886
1985 CAPITAL
PROJECT AND
ADMINISTRA nON
$ 4,254
108,216
2,004.514
~2,116,984
$ 19,462
79,547
100,000
199,009
2,007,984
(90,009)
1,917,975
~2,116.984
LOW AND
MODERATE
INCOME
HOUSING
$1,490,648
329,357
25,897
380,268
~2,226,170
$ 1,120
1,120
380,268
1,844,782
2,225,050
~2,226,170
83
(
1992 BONDS
CAPITAL
PROJECT
$3,398,033
1,112,840
21,464
~4,532,337
$ 704,436
704,436
3,827,901
3,827,901
~4,532,337
1995 BONDS
CAPITAL
PROJECT
$6,751,178
73,969
~6,825,147
$ 153,252
24,342
177,594
6,647.553
6,647.553
~6,825,147
TOTAL
$14,236,261
1,279,056
329,357
121,330
380,268
58,076
2,004,514
~ 18,408,862
$ 918,786
198,239
100,000
58,000
1,275,025
2,456,646
14,677,191
17,133,837
~ 18,408,862
( .... Y OF SAN RAFAEL. CALIFORN. ...:
CAPITAL PROJECTS FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
CAPITAL BEDROOM
OPEN SPACE IMPROVEMENT TAX
REVENUES:
Taxes and special assessments $ $ $ 14,918
Uses of money and property 28,034 55,451
Intergovernmental 27,064
Charges for current services
Other revenues (1,988) 2,919
Total Revenues 26,046 85,434 14,918
EXPENDITURES:
Current:
Community development
Culture and recreation 4,591
Capital Outlay 30,896
Total Expenditures 30,896 4,591
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES 26,046 54,538 10,327
OTHER FINANCING SOURCES (USES):
Operating transfers -In 500,000
Operating transfers -Out
Total Other Financing Sources (Uses) 500,000
EXCESS (DEFICIENCY) OF REVENUES
AND OTHER FINANCING SOURCES
OVER (UNDER) EXPENDITURES
AND OTHER FINANCING USES 26,046 554,538 10,327
FUND BALANCES AT BEGINNING OF
YEAR 453,392 643,466 121,669
PRIOR PERIOD ADJUSTMENTS
FUND BALANCES AT END OF YEAR ~ 479,438 ~ 1,198,004 ~ 131,996
84
ASSESSMENT
DISTRICTS
$
7,748
7,748
104,401
104,401
(96,653)
(96,653)
822,710
$ 726,057
PARK
CAPITAL
PROJECTS
$
4,426
4,850
9,276
46,494
2,770
49,264
(39,988)
32,203
(2,150)
30,053
(9,935)
32,984
(43.186)
$(20.137)
l
1985 CAPITAL
PROJECT AND
ADMINISTRA nON
$
41,406
108,216
16,462
166,084
858,918
141.051
999,969
(833,885)
(322,572)
(322,572)
(1,156,457)
3,074,432
$ 1,917,975
LOW AND
MODERATE
INCOME
HOUSING
$ 329,358
39,126
36,987
405,471
164,041
164,041
241,430
241,430
1,983,620
$2.225,050
85
(
1992 BONDS
CAPITAL
PROJECT
$
317,295
4,059,070
1,510
5,000
4,382,875
59,315
5,936,908
5,996,223
( 1 ,613,348)
225,739
0,500)
224,239
(1,389,109)
5,217,010
$ 3,827,901
1995 BONDS
CAPITAL
PROJECT
$
266,828
1,300
268,128
9,413
2,660.459
2,669,872
(2,40 1. 744 )
328,268
(58)
328,210
(2,073,534)
8,721,087
$ 6,647,553
TOTAL
$ 344,276
752,566
4,194,350
2,810
71.978
5,365,980
927,646
51,085
9,040,526
10,019,257
(4,653,277)
1,086,210
(326,280)
759,930
(3,893,347)
21,070,370
(43,186)
$17.133,837
f "'Y OF SAN RAFAEL. CALIFO~
TRUST AND AGENCY FUNDS
COMBINING BALANCE SHEET
JUNE 30, 1997
AGENCY FUND EXPENDABLE TRUST FUNDS
LIBRARY AND
DEFERRED RECREATION BUSINESS
r
COMPENSATION FIDUCIARY IMPROVEMENT
ASSETS
Cash and investments
Restricted cash
Due from other funds
TOTAL ASSETS
LIABILITIES AND FUND EQUITY
LIABILITIES:
Accounts payable
Deferred compensation payable
Total Liabilities
FUND BALANCES:
Reserved
Total Fund Balances
TOTAL LIABILITIES AND
FUND EQUITY
86
$
9,138,223
$9,138,223
$
9,138,223
9.138,223
$9,138,223
$ -
$ -
$ -
$ -
$ 13,910
24,342
$ 38,252
$ 20,728
20,728
17,524
17,524
$ 38,252
NEIGHBORHOOD
TRUST
$ 5,000
$ 5,000
$ -
5,000
5,000
~ 5,000
TY OF SAN RAFAEL. CALIFORi .~
TRUST AND AGENCY FUNDS
COMBINING BALANCE SHEET
JUNE 30, 1997
EXPENDABLE TRUST FUNDS
LIBRARY
FIDUCIARY
$ 401,268
$ 401,268
$ 358
358
400,910
400,910
~ 401,268
87
RECREATION
FIDUCIARY
$ 28,704
$ 28,704
$
28,704
28,704
~ 28,704
TOTAL
$ 448,882
9,138,223
24,342
$9,611,447
$ 21,086
9,138,223
9,159,309
452,138
452,138
~9,611,447
TY OF SAN RAFAEL. CALIFOru, ~
EXPENDABLE TRUST FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
LIBRARY AND
RECREA nON BUSINESS NEIGHBORHOOD
REVENUES:
Uses of money and property
Intergovernmental
Other revenues
Total Revenues
EXPENDITURES:
Current:
Community development
Culture and recreation
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
FUND BALANCES AT END OF YEAR
FIDUCIARY IMPROVEMENT TRUST
$ 17
2,158
2,175
2,175
(27,999)
(27,999)
(25,824)
25,824
$
88
$
59,342
20,708
80,050
80,493
80,493
(443)
(443)
17,967
$ 17,524
$ -
5,000
5,000
5,000
5,000
$ 5,000
LIBRARY
FIDUCIARY
$ 25,658
25,658
28,645
28,645
(2,987)
27,370
(20.866)
6,504
3,517
397,393
$ 400,910
RECREATION
FIDUCIARY
$
28,704
28,704
28,704
$ 28.704
89
(
TOTAL
$ 25,675
64,342
22,866
112,883
80,493
28,645
109,138
3,745
56,074
(48,865)
7,209
10,954
441,184
$ 452.138
r "'Y OF SAN RAFAEL. CALIFORl\
AGENCY FUND
STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
DEFERRED COMPENSATION
ASSETS:
Cash and investments
TOTAL ASSETS
LIABILITIES:
Balance at
July 1, 1996
$ 7,348,352
$ 7,348,352
Balance at
Additions Deductions June 30, 1997
$ 2,933.132 $1.143,261 $ 9.138,223
$2,933.132 $1.143,261 $ 9,138,223
Deferred compensation payable .:.:..$ -,-,7 ,=34...:...;8=,3:::;..;:5;..:;;2,----",$-=2=,9=3 3=,.:.:13=2"----,$=1=.1,,,-,4=3=,2=6.:...,.1 _-",$-,,-9....:.1.=3=8,=22=.3
TOTAL LIABILITIES =$ =7,=34=8=,3::5::2 ==$::::2=,9:=3=:3,=13=2=====$=1=.1:::::43=,2=:6:=1==$=9=,1:=3=:8,=22=3
90