HomeMy WebLinkAboutItem No. 12 FY 2019-20 Mid-Year Op Budget Status ReportText File
City of Lake Elsinore 130 South Main Street
Lake Elsinore, CA 92530
www.lake-elsinore.org
File Number: ID# 19-467
Agenda Date: 1/28/2020 Status: Approval FinalVersion: 1
File Type: Council Consent
Calendar
In Control: City Council / Successor Agency
Agenda Number: 12)
Page 1 City of Lake Elsinore Printed on 1/23/2020
REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Grant Yates, City Manager
Prepared by: Jason Simpson, Assistant City Manager
Date: January 28, 2020
Subject: Fiscal Year 2019-2020 Mid-Year Operating Budget Status Report
RECOMMENDATIONS
adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,
CALIFORNIA, AMENDING THE FY 2019-2020 ANNUAL OPERATING BUDGET FOR MID-
YEAR ADJUSTMENTS
BACKGROUND
The City is presenting its FY2019-2020 Mid-Year Budget review of the General Fund. The
City’s Budget Committee reviewed the FY2019-2020 Mid-Year Revised budget for the General
Fund. Please note that a City-Wide All Funds schedule is included for review. Further review
and update of Special Revenue Funds, Capital Project Funds, and other funds will occur during
the FY2020-2021 Operating Budget and Capital Improvement Plan Budget process.
While the economy is showing continuing signs of improving and the development activity
momentum is building within the City, we must continue to operate in a fiscally prudent manner,
maintain current public safety service levels, and provide key services that our citizens have
come to expect. Residents identified the following services as community spending priorities in
a 2019 community survey:
Fixing streets and repairing potholes
Reducing gang activity drug-related crimes
Providing quick responses to 9-1-1 emergencies
Addressing homelessness
Improving fire protection and paramedic services
Keeping public areas clean and free of graffiti
Providing law enforcement services including neighborhood patrols, crime prevention
and investigations
The City is committed to reflecting the community’s priorities and is looking forward to engaging
feedback from residents during the budget process and reporting back to the public and City
Council on needs and priorities. The City seeks to keep Lake Elsinore safe, clean and well
maintained to help protect and improve local property values. Working together, we will ensure
our budget and financial policies reflect spending consistent with the community’s priorities. As
Fiscal Year 2019-2020 Mid-Year Operating Budget
January 28, 2020
Page 2 of 4
such, the FY2019-2020 Mid-Year Operating Budget Status Report proposes to maintain current
services through June 30, 2020, maintains the Uncertainty Reserve at 17.5%, and establishes a
path towards the development of the FY2020-2021 Operating Budget and the Five (5) Year
General Fund Financial Plan. Included, as attachments to this report are several schedules
illustrate (in a tabular format) the status of the FY2019-2020 Mid-Year Budget for the General
Fund, as follows:
Exhibit A – Resolution 2020- ___ including the attached financial schedules Summary of
Revenues, Expenditures, and Change in Fund Balances – General Fund - FY2019-2020
Mid-Year Annual Operating Budget
DISCUSSION
Revenues:
At mid-year, the City is anticipating a net increase in recurring operating revenues of $253,750
from $45,917,252 to $46,171,002, a 0.6% increase. The estimated revenue adjustments are as
follows:
The largest revenue increase of $375,160 is a result of cannabis permits issued and the timing
of development agreement receipts now for locations currently open and operating. The
increase in Special Assessments is due upon final levy enrollments following initial budget
adoption for parks, open space, drainage, and public safety services. All of the remaining
revenue adjustments reflect projections to year-end upon activity year-to-date.
Expenditures:
Appropriations: At mid-year, the City is anticipating a net increase in recurring operating
expenditures from $46,530,790 to $46,660,900. The total increase for mid-year appropriations
is $130,110. Departments were requested to reduce or maintain costs within their existing
appropriations, except for minor changes within individual line items.
Estimated Adjustments to Revenue:Amount
Licenses & Permits 375,160$
Intergovernmental 9,275
Fees (134,361)
Fines & Forfeitures 4,000
Tax Credit 16,370
Reimbursements & Other (230,354)
Special Assessments 213,660
Total Adjustment to Revenues 253,750$
Fiscal Year 2019-2020 Mid-Year Operating Budget
January 28, 2020
Page 3 of 4
The FY2019-2020 Mid-Year changes include:
Minor increases in several departments for operating cost line items.
Increases in Public Works and Park Maintenance costs are due to the increased
services from new residents living in newly constructed homes. The City has assumed
responsibility for the maintenance of amenities and services for parks, open space,
drainage, and public safety services. Residents have also told us they want the City to
prioritize fixing potholes and paving or repaving our streets. There are still many of our
local streets have not been repaired or resurfaced in 20 years due to lack of money.
Regarding Police and Fire Services appropriations, the City is maintaining existing levels of
service; nevertheless, the modifications noted directly relate to effectively managing the
operating expenditures within budget line items, including training, fees, supplies, and other line
items. Maintaining fast emergency response times for 9-1-1 calls is of the top priorities identified
by residents. The City must ensure that we have enough law enforcement officers, firefighters
and paramedics to respond quickly to 9-1-1 emergencies. In addition, the City Manager will be
working closely with the departments to further reduce expenditures before June 30, 2020.
Fiscal Impact
While the City is beginning to benefit from the improving economy, the development of an
accurate, balanced and achievable budget is critical to establishing a solid foundation to
manage the anticipated growth and demand for services within and by the community. In
developing and implementing a comprehensive operating budget plan, the factors affecting the
City’s operations and financial condition are numerous, and while the City’s General Fund is still
in a vulnerable condition, efforts will continue to monitor operating activities closely to ensure
the General Fund’s resources are programmed appropriately.
The FY2019-2020 Mid-Year Budget Report is one of the first steps in beginning the FY2020-
2021 budget preparation process. The City Manager will be proactively working with each
department to develop and present a balanced budget to the Mayor and City Council that
moves the City forward in achieving its financial goals as part of the FY2020-2021 Budget
process. The overall fiscal impact of the FY2019-2020 Mid-Year Operating Budget for the
General Fund is as follows:
Estimated Appropriation Adjustments:Amount
City Council 5,500$
Finance 2,060
Police Services 5,100
Fire Services 6,700
Animal Services (5,470)
Planning 7,500
Public Works 22,550
Park Maintenance 84,070
Lake Maintenance 2,100
Total Adjustment to Appropriations 130,110$
Fiscal Year 2019-2020 Mid-Year Operating Budget
January 28, 2020
Page 4 of 4
General Fund Balance Reserves
The General Fund Balance Reserves at June 30, 2020, would reflect the following because of
the proposed Mid-Year adjustments, as follows:
Exhibits
A - Resolution 2020 - _______
B - Exhibit A to the Resolution – (Summary of Revenues, Expenditures, and Change in Fund
Balance, 2019-20 Midyear Annual Operating Budget Schedule; and the Citywide All Funds
Summary.
Net Adjustment to Fund Balance from Mid-Year:Amount
Revenue adjustments 253,750$
Appropriation adjustments 130,110
Net change/(impact) from Current Budget 123,640$
Analysis of Change in Fund Balance:Amount
Net operating revenues/(deficit)(1,222,808)$
Net change/(impact) @ Mid-Year 123,640$
Net operating revenues/(deficit), as adjusted (1,099,168)$
Fund Balance, July 1, 2019 (audited)12,144,909$
Fund Balance, June 30, 2020 (projected-unaudited)11,045,741$
Detail of Fund Balance:
Nonspendable:
Deposits and prepaid items 25,000$
Loans Receivable 1,000,000
Assigned:
Uncertainty reserve (17.5%)8,272,280
Unassigned:
Unallocated reserve 1,748,461
Total Fund Balance (net)11,045,741$
RESOLUTION NO. 2020-____
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE
ELSINORE, CALIFORNIA, AMENDING THE FY 2019-2020 ANNUAL
OPERATING BUDGET FOR MID-YEAR ADJUSTMENTS
Whereas, the City Council has a policy of adopting an annual operating budget to plan
expenditures and to match anticipated revenues available in various City accounts in order to
make the most efficient use of the City’s limited resources for each fiscal year; and
Whereas, the City of Lake Elsinore Municipal Code Section 3.04.010 defines the fiscal year
for the City of Lake Elsinore as extending from July 1st of each year to and including June 30th of
the following year.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA,
DOES HEREBY RESOLVE AS FOLLOWS:
Section 1. The City of Lake Elsinore FY2019-2020 Mid-Year Annual Operating Budget is
hereby approved as amended for the 2019-2020 fiscal year per attached Exhibit A.
Section 2. This Resolution shall take effect from and after the date of its passage and
adoption.
Passed, Approved And Adopted on this 28th day of January, 2020.
Brian Tisdale, Mayor
ATTEST:
Candice Alvarez, City Clerk
FY18‐19
ACTUALS
FY19‐20
CURRENT
BUDGET
FY 19‐20 YTD
ACTUALS @
12/31/19
FY19‐20
MIDYEAR
BUDGET $Inc/(Dec) % Inc/ (Dec)
Revenues:
Sales Tax 11,057,497$ 11,078,291$ 3,635,825$ 11,078,291$ -$ 0.00%
Property Tax 7,633,271 8,640,731 977,325 8,640,731 - 0.00%
Franchise Tax 2,537,975 2,580,900 522,752 2,580,900 - 0.00%
Building Permit Fee 935,080 1,313,000 850,816 1,313,000 - 0.00%
Property Transfer Tax 352,782 382,000 149,333 382,000 - 0.00%
Other Taxes 592,836 605,010 193,137 605,010 - 0.00%
Licenses & Permits 857,956 1,425,760 996,138 1,800,920 375,160 43.73%
Intergovernmental 1,070,803 919,360 279,955 928,635 9,275 0.87%
Fees 2,988,552 4,092,061 2,075,508 3,957,700 (134,361) -4.50%
Fines & Forfeitures 661,435 830,710 252,428 834,710 4,000 0.60%
Tax Credit 2,870,714 3,155,210 822,677 3,171,580 16,370 0.57%
Investment Earnings 538,371 212,010 135,850 212,010 - 0.00%
Reimbursements & Other 4,719,365 4,625,049 1,416,589 4,394,695 (230,354) -4.88%
Special Assessments 4,569,983 4,727,460 -4,941,120 213,660 4.68%
Reimbursements - Public Safety 493,820 513,700 176,175 513,700 - 0.00%
Reimbursements - Street Program 608,180 816,000 -816,000 - 0.00%
Total Revenues 42,488,621 45,917,252 12,484,509 46,171,002 253,750 0.60%
Expenditures by Department:
General Government:
City Council 239,255$ 221,510$ 125,958$ 227,010$ 5,500$ 2.30%
Community Support 75,798 136,990 48,446 136,990 - 0.00%
City Treasurer ----- 0.00%
City Clerk 559,101 714,030 216,433 714,030 - 0.00%
City Attorney 498,100 508,800 103,089 508,800 - 0.00%
City Manager 978,023 940,070 495,633 940,070 - 0.00%
Administrative Services
Finance 1,461,133 1,543,590 709,458 1,545,650 2,060 0.14%
Human Resources 437,163 525,200 266,721 525,200 - 0.00%
Public Safety:
Police Services 12,599,999 14,369,910 3,258,425 14,375,010 5,100 0.04%
Fire Services 6,982,112 7,706,730 1,884,998 7,713,430 6,700 0.10%
Animal Services 648,334 760,020 455,213 754,550 (5,470) -0.84%
Community Development:
Planning 1,051,281 1,128,530 562,568 1,136,030 7,500 0.71%
Building & Safety 1,610,979 1,831,130 698,400 1,831,130 - 0.00%
Code Enforcement 1,381,888 1,423,100 663,239 1,423,100 - 0.00%
Economic Development 273,988 297,930 161,499 297,930 - 0.00%
Fire Prevention/Weed Abatement 425,284 771,370 184,184 771,370 - 0.00%
Public Services:
Engineering 2,316,474 2,355,650 943,478 2,355,650 - 0.00%
Public Works 2,763,045 2,794,990 1,224,664 2,817,540 22,550 0.82%
Park Maintenance 2,321,046 2,741,510 1,344,236 2,825,580 84,070 3.62%
Lake Maintenance 1,291,997 1,294,030 924,916 1,296,130 2,100 0.16%
Community Services:
Recreation 672,772 766,710 369,136 766,710 - 0.00%
Community Center 1,127,645 1,323,110 674,817 1,323,110 - 0.00%
Senior Center 400,408 549,540 202,109 549,540 - 0.00%
Neighborhood Center -556,940 8,674 556,940 - 0.00%
Non‐Departmental ‐ Operating 2,035,302 1,269,400 295,498 1,269,400 - 0.00%
Total Expenditures 42,151,127 46,530,790 15,821,792 46,660,900 130,110 0.31%
Excess of Revenues Over (Under)
Expenditures 337,494 (613,538) (3,337,283) (489,898) 123,640
Operating Transfers:
Operating Transfers In -----
Operating Transfers out (31,824) (609,270) -(609,270) -
Excess of Revenues Over (Under)
Expenditures & Op Transfers
In/(Out) 305,670 (1,222,808) (3,337,283) (1,099,168) 123,640
Fund Balance, Beg. of Year 11,839,239 12,144,909 12,144,909 12,144,909
Fund Balance, End of Year 12,144,909$ 10,922,101$ 8,807,625$ 11,045,741$
SUMMARY OF REVENUES, EXPENDITURES, AND CHANGE IN FUND BALANCE
CITY OF LAKE ELSINORE, CALIFORNIA
2019‐20 MIDYEAR ANNUAL OPERATING BUDGET
Exhibit A to Resolution
Fund Fund Name
Beginning Fund
Balance,
7/1/2019
Revenues
(including
transfers in)
Appropriations
(including transfers
out)
Ending Fund
Balance,
6/30/2020, As
Projected
100 GENERAL FUND 12,144,909$ 46,171,002$ 47,270,170$ 11,045,741$
SPECIAL REVENUE AND CAPITAL PROJECTS FUNDS
101 SUPPLEMENTAL LAW ENFORCEMENT SERVICE ‐131,634 131,634 ‐
104 TRAFFIC OFFENDER ‐36,699 36,699 ‐
105 MISC. GENERAL PROJECTS 467,414 782,510 1,249,924 ‐
106 AFFORDABLE HOUSING DIF 4,135,113 50,000 43,660 4,141,453
107 DEVELOPER AGREEMENT DIF 521 33,000 33,521 ‐
109 ROAD MAINTENANCE AND REHABILITATION (SB1)1,098,968 1,051,396 2,150,364 ‐
110 GAS TAX 23,098 1,658,273 1,681,371 ‐
111 TRANSPORTATION UNIFORM MITIGATON (757,079) 10,031,909 9,274,830 ‐
112 MEASURE A 1,879,061 1,471,000 3,350,061 ‐
113 SB821 PEDESTRIAN SIDEWALK 180,021 588,386 768,407 ‐
114 SB1186 CASp EDUCATION PROGRAM 16,154 10,000 15,849 10,305
115 TRAFFIC SAFETY ‐338,304 338,304 ‐
116 CITY HALL/PUBLIC WORKS FACILITIES DIF 65,910 70,000 135,910 ‐
117 COMMUNITY CENTER FACILITIES DIF 28,978 50,000 78,978 ‐
118 LAKESIDE FACILITIES DIF 60,922 60,000 120,922 ‐
119 ANIMAL SHELTER FACILITIES DIF 109 30,000 30,109 ‐
121 TOTAL ROAD IMPROVEMENT PROGRAM 17,228 495,538 512,766 ‐
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST ‐ CITYWIDE 643,180 2,021,123 2,664,303 ‐
135 LIGHTING, LANDSCAPE, MAINTENANCE DIST ‐ NO. 1 729,880 645,769 1,375,649 ‐
140 GEOTHERMAL WELL 21,194 200 9,000 12,394
150 COMMUNITY DEVELOPMENT BLOCK GRANT (13,199) 940,400 927,201 ‐
155 NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM 27,639 1,084,910 1,112,549 ‐
160 PUBLIC EDUCATION GOVERNMENT GRANT 20,118 20,000 40,118 ‐
202 LA STRADA RBBD ‐‐‐‐
203 ELSP ‐ SUMMERLY TRAFFIC INFRASTRUCTURE FEE 2,054,070 440,000 2,494,070 ‐
205 TRAFFIC IMPACT FEE 4,936,973 450,000 5,386,973 ‐
211 STORM DRAIN C.I.P. 415,021 100,000 515,021 ‐
220 STREET LIGHTING C.I.P.‐2,500 2,500 ‐
221 QUIMBY ACT 66477 212,168 2,500 214,668 ‐
231 LIBRARY FACILITIES DIF 1,806,027 60,600 1,866,627 ‐
232 FIRE PROTECTION FACILITIES DIF 511 75,000 75,511 ‐
500 CAPITAL IMPROVEMENT PLAN 10,654,363 33,255,067 43,909,430 ‐
605 PUBLIC IMPROVEMENT IN‐LIEU 103,815 17,000 120,815 ‐
606 AB2766 AIR POLUTION REDUCTION 329,166 35,000 364,166 ‐
617 HOUSING 44,612,789 430,000 880,000 44,162,789
630 LAKE WATER MANAGEMENT ESCROW 1,883,017 1,516,030 1,600,000 1,799,047
631 DESTRATIFICATION EQUIPMENT REPLACEMENT 395,788 283,200 383,200 295,788
INTERNAL SERVICES FUNDS
300 INSURANCE SERVICE 1,387,870 742,810 742,810 1,387,870
305 INFORMATION SYSTEMS SERVICE 451,875 1,198,810 1,197,540 453,145
310 SUPPORT SERVICE 37,567 102,480 99,760 40,287
315 FLEET SERVICE 290,330 733,820 1,024,150 ‐
320 FACILITIES SERVICE 698,456 590,360 618,590 670,226
COMMUNITY FACILITIES DISTRICTS
330 CFD 2015‐2S MAINTENANCE SERVICES ‐88,448 88,448 ‐
331 CFD 2006‐1 IA‐CC SUMMERLY IMPROVEMENT 308,542 176,861 485,403 ‐
332 CFD 2006‐1 IA‐B SUMMERLY IMPROVEMENT 415,972 178,729 594,701 ‐
333 CFD 2015‐4 TERRACINA IMPROVEMENT ‐10,500 10,500 ‐
334 CFD 2015‐5 TRIESTE IMPROVEMENT 226,942 164,013 390,955 ‐
335 CFD 2003‐2 IA‐E CANYON HILLS IMPROVEMENT 268,617 175,665 444,282 ‐
336 CFD 2006‐1 IA‐FF SUMMERLY IMPROVEMENT 402,883 216,521 619,404 ‐
337 CFD 2016‐2 CANYON HILLS IMPROVEMENT 2,233,542 1,100,000 3,333,542 ‐
338 CFD 2006‐1 IA‐JJ SUMMERLY IMPROVEMENT 579,893 312,399 892,292 ‐
339 CFD 2006‐1 IA‐KK SUMMERLY IMPROVEMENT ‐13,680 13,680 ‐
340 CFD 2006‐1 IA‐EE SUMMERLY IMPROVEMENT 533,412 276,963 810,375 ‐
341 CFD 2017‐1S PUBLIC SAFETY SERVICES ‐5,928 5,928 ‐
342 CFD 2007‐5S RED KITE SERVICES ‐14,688 14,688 ‐
CITY WIDE ALL FUNDS SUMMARY
FY2019‐20 Mid‐Year Operating Budget
Exhibit A continued
Fund Fund Name
Beginning Fund
Balance,
7/1/2019
Revenues
(including
transfers in)
Appropriations
(including transfers
out)
Ending Fund
Balance,
6/30/2020, As
Projected
CITY WIDE ALL FUNDS SUMMARY
FY2019‐20 Mid‐Year Operating Budget
343 CFD 2006‐2S VISCAYA SERVICES ‐53,642 53,642 ‐
344 CFD 2005‐2S ALBERHILL RANCH SERVICES ‐181,049 181,049 ‐
345 CFD 2003‐2 IA‐D CANYON HILLS IMPROVEMENT 2,940,663 1,821,664 4,762,327 ‐
346 CFD 2016‐1 SOUTHSHORE IMPROVEMENT 5,269 ‐5,269 ‐
347 CFD 2006‐1 IA‐A SUMMERLY IMPROVEMENT 572,587 241,260 813,847 ‐
350 CFD 98‐1 SUMMERHILL IMPROVEMENT 2,282,272 1,150,554 3,432,826 ‐
351 CFD 2006‐1 IA‐II SUMMERLY IMPROVEMENT 710 ‐710 ‐
354 CFD 90‐2 TUSCANY HILLS IMPROVEMENT 913,951 1,577,242 2,491,193 ‐
357 CFD 2003‐2 IA‐A CANYON HILLS IMPROVEMENT 1,780,151 911,964 2,692,115 ‐
366 CFD 2005‐6 CITY CENTER TOWNHOMES IMPROVEMENT 418,742 250,714 669,456 ‐
367 CFD 2006‐1S SUMMERLY SERVICES ‐381,564 381,564 ‐
368 CFD 2006‐2 VISCAYA IMPROVEMENT 813,515 479,044 1,292,559 ‐
369 CFD 2004‐3 IA‐1 ROSETTA CANYON IMPROVEMENT 2,925,613 1,607,412 4,533,025 ‐
371 CFD 2005‐1 SERENITY IMPROVEMENT 1,217,562 685,193 1,902,755 ‐
372 CFD 2005‐2 IA‐A ALBERHILL RANCH IMPROVEMENT 2,838,372 1,505,000 4,343,372 ‐
373 CFD 2005‐5S WASSON CANYON SERVICES ‐60,667 60,667 ‐
374 CFD 2005‐4 LAKEVIEW VILLAS IMPROVEMENT 8,373 10,500 18,873 ‐
375 CFD 2006‐4 CLURMAN IMPROVEMENT 12,851 10,500 23,351 ‐
376 CFD 2006‐3 LA STRADA IMPROVEMENT 6,491 10,500 16,991 ‐
377 CFD 2006‐6 TESSARA IMPROVEMENT 8,504 10,500 19,004 ‐
378 CFD 2006‐8 RUNNING DEER ESTATES IMPROVEMENT 9,642 10,500 20,142 ‐
384 CFD 2003‐2 IA‐B CANYON HILLS IMPROVEMENT 2,992,007 1,851,332 4,843,339 ‐
385 CFD 2004‐3 IA‐2 ROSETTA CANYON IMPROVEMENT 3,030,958 1,783,762 4,814,720 ‐
386 CFD 2007‐4 MAKENNA COURT IMPROVEMENT 293,635 183,235 476,870 ‐
387 CFD 2007‐5 RED KITE IMPROVEMENT 164,492 134,592 299,084 ‐
388 CFD 2007‐6 HOLIDAY INN EXPRESS IMPROVEMENT 15,865 6,217 22,082 ‐
389 CFD 88‐3 WEST LAKE VILLAGES IMPROVEMENT 3,378,085 2,504,669 5,882,754 ‐
390 CFD 2003‐2 IA‐C CANYON HILLS IMPROVEMENT 2,192,212 798,779 2,990,991 ‐
392 CFD 95‐1 CIVIC CENTER IMPROVEMENT 248,094 165,432 413,526 ‐
393 AD 93‐1 COTTONWOOD HILLS IMPROVEMENT 3,027,840 1,509,278 4,537,118 ‐
394 CFD 2005‐5 WASSON CANYON IMPROVEMENT 515,138 281,562 796,700 ‐
395 CFD 2018‐1 WASSON CANYON II IMPROVEMENT 138 10,500 10,638 ‐
396 CFD 2019‐2 NICHOLS RANCH IMPROVEMENT 2,206 ‐2,206 ‐
397 CFD 2019‐1 WESTLAKE IMPROVEMENT 1,988 ‐1,988 ‐
650 CFD 2003‐1S LAW,FIRE, PARAMEDIC SERVICES ‐3,045,615 3,045,615 ‐
651 CFD 2006‐5S PARK, OPEN SPACE, STORM DRAIN SERVICES ‐110,480 110,480 ‐
652 CFD 2007‐1S LAW,FIRE, PARAMEDIC SERVICES ‐110,527 110,527 ‐
653 CFD 2009‐1S PARK,OPEN SPACE,STREET LIGHT SERVICES ‐705,899 705,899 ‐
654 CFD 2003‐2S FIRE TAX SERVICES ‐‐‐‐
655 CFD 2015‐1S LAW, FIRE, PARAMEDIC SERVICES ‐182,613 182,613 ‐
SPECIAL FINANCING DISTRICTS
602 LE RECREATION AUTHORITY 2013 1,222,755 ‐1,119,225 103,530
400 LE FACILITIES FINANCING AUTHORITY 2016 A 9,921,259 557,775 557,775 9,921,259
402 LEFFA 2017 LOCAL OBLIGATION BONDS 4,484,555 ‐466,582 4,017,973
SUCCESSOR AGENCY FUNDS
510 SARDA AREA I, II, & III (47,461,286) 7,818,010 4,401,385 (44,044,661)
540 SARDA DIAMOND STADIUM 2,975,701 ‐2,975,701 ‐
TRUST FUNDS
603 PUBLIC‐PURPOSE TRUST ‐ CARL GRAVES 54,265 3,000 57,265 ‐
604 ENDOWMENT TRUST ‐ ADOLPH KORN MEMORIAL 32,760 200 32,960 ‐
Totals 99,877,684$ 143,264,571$ 209,125,109$ 34,017,146$
Exhibit A continued