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Home My WebLink AboutQuimby - Financial Statement at 06-30-2025 Excerpts City of Lake Elsinore Lake Elsinore, California Annual Comprehensive Financial Report For the Fiscal Year Ended June 30, 2024 Prepared by the Finance Department City of Lake Elsinore -� For the Fiscal Year Ended June 30,2024 Table of Contents (Continued) PAGE FINANCIAL SECTION(CONTINUED) Supplementary Information: Nonmajor Governmental Funds: Description of Nonmajor Governmental Funds..............................................................................................131 CombiningBalance Sheet...............................................................................................................................134 Combining Statement of Revenues,Expenditures, and Changes in Fund Balances.......................................141 Schedules of Revenues,Expenditures, and Change in Fund Balance-Budget and Actual: Affordable Housing In-Lieu Special Revenue Fund.................................................................................148 Supplemental Law Enforcement Special Revenue Fund..........................................................................149 TrafficOffender Special Revenue Fund...................................................................................................150 Gas Tax Special Revenue Fund................................................................................................................151 Transportation Measure A Special Revenue Fund....................................................................................152 SB1186 CAS Education Special Revenue Fund.......................................................................................153 Traffic Safety Special Revenue Fund.......................................................................................................154 City-wide Lighting and Landscaping Special Revenue Fund...................................................................155 LLMD No. 1 Special Revenue Fund.........................................................................................................156 Geothermal Special Revenue Fund...........................................................................................................157 AB2766 Air Pollution Special Revenue Fund..........................................................................................158 CDBGSpecial Revenue Fund...................................................................................................................159 Developer Agreement Revenue/Trust Special Revenue Fund..................................................................160 City Hall/Public Works Special Revenue Fund........................................................................................161 Community Center Special Revenue Fund...............................................................................................162 Lakeside Facilities Special Revenue Fund................................................................................................163 Animal Shelter Special Revenue Fund...................................................... .................164 .............................. NPDES Special Revenue Fund.................................................................................................................165 PEG Grant Special Revenue Fund............................................................................................................166 The Anchor Special Revenue Fund...........................................................................................................167 American Rescue Plan Act Special Revenue Fund...................................................................................168 Pedestrian Sidewalk SB821 Special Revenue Fund.................................................................................169 Lake Destratification and Water Special Revenue Fund..........................................................................170 Capital Improvement Plan Capital Projects Fund.....................................................................................171 Miscellaneous General Projects Capital Projects Fund.............................................................................172 Public Financing Authority Debt Service Fund........................................................................................173 Facilities Financing Authority Debt Service Fund....................................................................................174 Park Quimby Development Capital Projects Fund...................................................................................175 Storm Drains Capital Projects Fund..........................................................................................................176 Library Facilities Capital Projects Fund...................................................................................................177 Traffic Impact Capital Projects Fund........................................................................................................178 Fire Facilities Capital Projects Fund.........................................................................................................179 Public Improvement In-Lieu Capital Projects Fund.................................................................................180 Total Road Improvement Capital Projects Fund.......................................................................................181 TUMFCapital Projects Fund....................................................................................................................182 La Strada RBBD Capital Projects Fund....................................................................................................183 Endowment Trust—Adolph Korn Permanent Fund .................................................................................184 "1 NONMAJOR GOVERNMENTAL FUNDS Nonmajor Special Revenue Funds(Continued): Lakeside Facilities Fund - This fund accounts for the collection of fees assessed to developers and for expenditures made on Lakeside facilities projects. l Animal Shelter Fund - This fund accounts for the collection of fees assessed to developers and for expenditures made 1 on animal shelter facilities projects. National Pollutant Discharge System (NPDES) Fund - This fund accounts for fees assessed to property owners for the N.P.D.E.S., which is mandated by the federal government. This requires cities to clean up storm water runoff. PEG Grant Fund - This fund accounts for public access cable channel grant revenue provided by cable franchises based on subscribers. Funds are used for PEG access equipment, production equipment, as well as renovation or construction of PEG access facilities. The Anchor Fund- This fund accounts for expenditures funded by the Homeless Emergency Aid Program and Project Homekey used for crisis stabilization housing complexes owned by the City and operated by the Social Work Action Group serving chronic homeless individuals from the Lake Elsinore and adjacent county areas. American Rescue Plan Act Fund- This fund accounts for expenditures funded by the American Rescue Plan Act. Pedestrian Sidewalk SB 821 Fund - This fund accounts expenditures funded by the Local Transportation Commission grant funding used for the SB 821 Bicycle and Pedestrian Facility Program. Lake Destratification and Water Fund - This fund accounts for expenditures and receipts jointly made by Elsinore Valley Municipal Water District, Riverside County, and the City to jointly fund and maintain the destratification project, axial flow equipment, and stabilize the water level of the lake. 1 Nonmajor Capital Projects Funds: l Capital Projects Funds are used to account for bond resources used for the acquisition and construction of capital facilities by the City,except those financed by Proprietary Funds. Miscellaneous General Project Fund- This fund accounts for miscellaneous general projects of the City. Park Quimby Development Fund - This fund accounts the improvement and development of parks that are financed by developer fees. ' Storm Drains Fund-This fund accounts for the capital improvement of upgrading the storm drains within the City that are financed by development fees. Library Facilities Fund- This fund accounts for projects related to library facilities. Traffic Impact Fund- This fund accounts for projects related to traffic improvements,financed by development fees. 1 Fire Facilities Fund- This fund accounts for the construction of fire facilities, financed by develop fees. 1 Park Improvement In-Lieu Fund- This fund accounts for special designated improvements,financed by development J fees. 132 I �l City of Lake Elsinore -� Combining Balance Sheet(Continued) 1 Nonmajor Governmental Funds June 30,2024 l Special Revenue Funds Capital Projects Funds Lake 1 American Pedestrian Destratification Miscellaneous Park Rescue Plan Sidewalk and General Quimby Act SB821 Water Projects Development ASSETS Cash and investments $ 5,404,740 $ - $ 459,682 $ 27,124 $ 2,010 Receivables: Accounts,net - - - - - Notes and loans - - - Interest 47,971 - 4,275 - 757 Due from other governments - 75,223 87,634 - - Restricted cash and investments: Cash and investments with fiscal agents - - 4,059,174 - - Total assets $ 5,452,711 $ 75,223 $ 4,610.765 $ 27,124 $ 2,767 LIABILITIES,DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES Liabilities: Accounts payable $ $ - $ 1,679 $ 27,124 $ - 1 Due to other funds 73,541 - - - Total liabilities 5,452,711 73,541 1.679 27,124 = Deferred Inflows of Resources: Unavailable revenue - 75,223 87,634 - - Total deferred inflows of resources - 75,223 87,634 - Fund Balances(Deficit): Nonspendable - Restricted: Community development - - - Community services - - 4,521,452 - - Public services - - - - - Capital projects - - - 2,767 Assigned - - - Unassigned(deficit) - (73,541) - - Total fund balances(deficit) - (73,541) 4,521,452 - 2,767 Total liabilities,deferred inflows of resources and fund balances $ 5,452,711 $ 755223 $ 4,610.765 $ 27,124 $ ` _l (Continued) J J J aJ 138 City of Lake Elsinore Supplementary Information Budgetary Comparison Schedule-Park Quimby Development Capital Projects Fund For the Year Ended June 30,2024 I Original Final Variance with l Budget Budget Actual Final Budget REVENUES: Licenses and permits $ 50,000 $ 217,500 $ 173,626 $ (43,874) Investment earnings 1,100 9,600 7.101 (2,499) Total revenues 51,100 227,100 180,727 (46,373) 1 EXCESS OF REVENUES OVER EXPENDITURES 51,100 227.100 180.727 (46,373) OTHER FINANCING SOURCES(USES): Transfers out (51,100) (315,240) (266,100) 49,140 1 Total other financing sources(uses) (51,100) (315,240) (266.100) 49,140 I NET CHANGE IN FUND BALANCE $ - S (88.140) (85,373) $ 2,767 FUND BALANCE: 1` Beginning of year 88.140 1 End of year $ 2,767 I � 1 _J J _ 1 J J J J 175