HomeMy WebLinkAboutCC_2015-01-27_Item C3 att 1 City Audit
CITY OF ATASCADERO
FINANCIAL STATEMENTS
June 30, 2014
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
FINANCIAL STATEMENTS
June 30, 2014
Tom O’Malley, MAYOR
Brian Sturtevant, MAYOR PRO TEMPORE
Roberta Fonzi, COUNCIL MEMBER
Bob Kelley, COUNCIL MEMBER
Heather Moreno, COUNCIL MEMBER
Rachelle Rickard, CITY MANAGER
Prepared by the Department of Administrative Services
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
TABLE OF CONTENTS
June 30, 2014
Independent Auditors' Report……………………...…………………………………………………………………………………………………………………………………………1
Management's Discussion and Analysis…………………………………………………………………………………………………………………………………………………………………………………3
Basic Financial Statements:
Government-wide Financial Statements:
Statement of Net Position……………………………………………………………………….……………………………………………………………………………………………………………………13
Statement of Activities………………………………………………………………………………………………………………………………………………………….15
Fund Financial Statements:
Governmental Funds:
Balance Sheet……………………………………………………………………………………………………………………………………………………………………16
Reconciliation of the Governmental Funds - Balance Sheet to the Statement of Net Position…………………………………………………………………18
Statement of Revenues, Expenditures, and Changes in Fund Balances……………………………………………………………………………………..19
Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances
of Governmental Funds to the Statement of Activities……………………………...……..……………………...……………………………………..21
Proprietary Funds:
Statement of Net Position……………………………….…………………………………………………………………………………………………………………………22
Combining Statement of Revenues, Expenses, and Changes in Net Position……………………………………………………………………………………………………….24
Combining Statement of Cash Flows………………………………………………………………………………………...……………………………………………………………26
Private Purpose Trust Funds:
Statement of Fiduciary Net Position……………………………….…………………………………………………………………………………………………………………………28
Statement of Changes in Fiduciary Net Position………………………………………………………………………………………………………………………………….29
Notes to the Basic Financial Statements……………………………………………………………………………………………………………………………………………30
Required Supplementary Information:
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual - General Fund Summary ………………………………………………68
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual - General Fund Detail………………………………………………70
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual - In Lieu Low/Moderate Income Housing Fund………………………………………………86
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual - Circulation System Fees Fund………………………………………………87
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual - Fire Aerial Vehicle Impact Fees Fund………………………………………………88
Schedule of Funding Progress for Postemployment Benefits Other Than Pensions……………………………………………………………………………………………89
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ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
TABLE OF CONTENTS
June 30, 2014
Other Supplementary Information:
Major Capital Projects Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual - Historic City Hall Rehabilitation Fund………………………………………………90
Major Debt Service Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual - 2010 Bond Debt Service Fund………………………………………………91
Nonmajor Governmental Funds Overview………………………………………………………………………………………………………………………………………….92
Combining and Individual Fund Statements and Schedules:
Combining Balance Sheet - Nonmajor Governmental Funds………………………………………………………………………………………………………………97
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Nonmajor Governmental Funds…………………………………..………………102
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual:
Supplemental Law Enforcement Services Fund…………………………………………………………………………………………………………………………….107
Atascadero Tourism Business Improvement District Fund……………………………………………………………………………………………………………………………………….108
Community Development Block Grant Fund………………………………………………………………………………………………………………………………..109
Tree Plant Fund………………………………………………………………………………………………………………………………………………………………110
Gas Tax Fund…………………………………………………………………………………………………………………………………………………………………..111
Local Transportation Fund……………………………………………………………………………………………………………………………………………..112
Street Assessment Fund……………………………………………………………………………………………………………………………………………………..113
General Government Facilities Fees Fund……………………………………………………………………………………………………………………………………..114
Storm Drainage Facilities Fees Fund…………………………………………………………………………………………………………………………………………….115
Amapoa/Tecorida Drainage Impact Fees Fund……………………………………………………………………………………………………………………………………..116
Law Enforcement Facilities Fees Fund…………………………………………………………………………………………………………………………………….117
Fire Facilities Fees Fund…………………………………………………………………………………………………………………………………………………………..118
Open Space Acquisition Fees Fund……………………………………………………………………………………………………………………………………………….119
Parkland Facilities Fees Fund………………………………………………………………………………………………………………………………………………………120
Public Facilities Fees Fund………………………………………………………………………………………………………………………………………………………121
Library Expansion Facilities Fees Fund………………………………………………………………………………………………………………………………………………122
Community Facilities District Fund…………………………...………………..…………………………………………………………………………………………..123
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ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
TABLE OF CONTENTS
June 30, 2014
Other Supplementary Information (continued):
Combining and Individual Fund Statements and Schedules (continued):
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual (continued):
Apple Valley Street & Storm Drain Assessment District Fund………….……………………………………………………………………………………………124
Apple Valley Landscape & Lighting Assessment District Fund…………………..…………………………………………………………………………………………125
Las Lomas Street & Storm Drain Assessment District Fund……………………...………………………………………………………………………………………126
Las Lomas Landscape & Lighting Assessment District Fund…………………………...……………………………………………………………………………………127
De Anza Street & Storm Drain Assessment District Fund…………………………..…………………………………………………………………………………128
De Anza Landscape & Lighting Assessment District Fund…………………………...…………………………………………………………………………………129
Capital Projects Fund……………………………………………………………………………………………………………………………………………………………130
Blight Elimination Projects Fund……………………………………………………………………………………………………………………………………………………………131
Youth Center Construction Fund………………………………………………………………………………………………………………………………………….132
Assessment District #4 Debt Service Fund…………………………………………………………………………………………………………………………………….133
1992 Street Assessment Improvement Fund…………………………………………………………………………………………………………………………..134
Combining Statement of Net Position - Internal Service Funds……………………………………………………………………………………………………………………135
Combining Statement of Revenues, Expenses, and Changes in Net Position - Internal Service Funds…………………………………………………………………..136
Combining Statement of Cash Flows - Internal Service Funds……………………………………………………………………………………………………………..138
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ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
PARTNERS 2400 PROFESSIONAL PARKWAY, STE. 205 RONALD A LEVY, CPA SANTA MARIA, CA 93455 CRAIG A HARTZHEIM, CPA TEL: 805.925.2579 HADLEY Y HUI, CPA FAX: 805.925.2147 www.mlhcpas.com INDEPENDENT AUDITORS' REPORT City Council of the City of Atascadero Atascadero, California Report on Financial Statements We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Atascadero (the City), as of and for the fiscal year ended June 30, 2014, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents. Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditors’ Responsibility Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors’ judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Opinions In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major 1 OFFICES: BEVERLY HILLS · CULVER CITY · SANTA MARIA MEMBER AMERICAN INSTITUTE OF CPAs · CALIFORNIA SOCIETY OF MUNICIPAL FINANCE OFFICERS · CALIFORNIA ASSOCIATION OF SCHOOL BUSINESS OFFICIALS ITEM NUMBER: C-3DATE: 01/27/15ATTACHMENT: 1
fund, and the aggregate remaining information of the City of Atascadero, as of June 30, 2014, and the respective changes in financial position and, where applicable, cash flows thereof for the fiscal year ended in accordance with accounting principles generally accepted in the United States of America. Emphasis of Matter Change in Accounting Principles As discussed in note 1 to the basic financial statements effective July 1, 2013, the City of Atascadero adopted Governmental Accounting Standards Board (GASB) Statement No. 65, Items Previously Reported as Assets and Liabilities, Statement No. 66, Technical Correction-2012, Statement No. 67, Financial Reporting for Pension Plans, and Statement No. 70, Accounting and Financial Reporting for Non-exchange Financial Guarantees. Our opinion is not modified with respect to this matter. Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis on page 3 through 12, the budgetary comparison information on pages 68 through 88, and the schedule of funding progress for post-employment benefits other than pensions on page 89, be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquires of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Other information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City of Atascadero’s basic financial statements. The major capital projects fund and major debt service fund budgetary schedules, combining and individual non-major fund financial statements and schedules, and combining internal service funds financial statements, are presented for purposes of additional analysis and are not a required part of the basic financial statements. The major capital projects fund and major debt service fund budgetary schedules, combining and individual non-major fund financial statements and schedules, and combining internal service funds financial statements, are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the major capital projects fund and major debt service fund budgetary schedules, combining and individual non-major fund financial statements and schedules, and combining internal service funds financial statements, are fairly stated, in all material respects, in relation to the basic financial statements as a whole. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated December 15, 2014, on our consideration of the City of Atascadero’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance. Santa Maria, California December 15, 2014 2 ITEM NUMBER: C-3DATE: 01/27/15ATTACHMENT: 1
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MANAGEMENT’S DISCUSSION AND ANALYSIS
Fiscal Year Ended June 30, 2014
INTRODUCTION
This discussion and analysis of the City of Atascadero’s financial performance provides an overview of the City’s financial a ctivities for the fiscal
year ended June 30, 2014. For the most complete picture of the City, please read this document in conjunction with the City’s basic financial
statements and the accompanying notes to the basic financial statements. The City’s financial statements are available at City Hall offices.
FINANCIAL HIGHLIGHTS
The assets of the City exceeded its liabilities at the close of the most recent fiscal year by $181 million. Of this amount, about $14 million may be
used to meet the City’s ongoing obligations to citizens and creditors.
Total unrestricted net position is $14.2 million, a 9% increase over the prior year.
A change in accounting principle prior year adjustment of ($254,579) was made which affects the government-wide statement of activities.
Government Accounting Standards Board Statement No. 65 was effective for the City this year and requires that bond issuance costs are
expensed in the year the debt is issued. The prior period adjustment reflects the amount of bond issuance costs that had not yet been
expensed.
Capital projects expenditures were less than the amount spent in the prior fiscal year by about $7.8 million due in part to the conclusion of
construction of some major projects such as the Transit Center and the rehabilitation of the Historic City Hall
As of the close of the current fiscal year, the City’s governmental funds reported combined ending fund balances of $40 million, an increase of
$1.1 million from the prior fiscal year. Approximately $34 million of the total is not available for more spending because it represents amounts that
are already obligated or restricted, including $17 million in advances receivables from the Successor Agency and $4.7 million in notes receivable
for affordable housing. About $5.6 million of the ending fund balance is available for future obligations.
The City’s ending total debt was lower than the beginning debt by $113,868. There was an increase in compensated absences, a reduction in
the PERS side fund, and a decrease in other post-employment benefits.
At the end of the current fiscal year, unassigned fund balance for the general fund was $7,210,495 or 41% of total general fund expenditures.
This is an increase over the prior year of $615,217.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
City of Atascadero
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2014
4
OVERVIEW OF THE FINANCIAL STATEMENTS
The financial statements presented herein include the activities of the City of Atascadero using the integrated approach as prescribed by Governmental
Accounting Standards Board (GASB) Statement No. 34.
Government-Wide Financial Statements
The Government-W ide Financial Statements present a broad overview of the financial picture of the City from the economic resources mea surement
focus using the accrual basis of accounting. They present governmental activities and business -type activities separately. These statements include all
assets of the City (including infrastructure) as well as all liabilities (including long -term debt). Additionally, certain eliminations have occurred as
prescribed by GASB Statement No. 34 in regard to interfund activity, payables and receivables.
The Statement of Net Position presents information on all of the City’s assets and liabilities, with the difference reported as net position. Over time,
increases or decreases in net position may serve as an indicator of whether the financial position of the City of Atascadero is improving or declining.
The Statement of Activities presents information showing how the government’s net position changed during the most recent fiscal year. All changes in
net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the ti ming of the related cash flows. Thus,
revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal peri ods.
Both of the Government-wide Financial Statements distinguish functions of the City that are principally supported by taxes and intergovernmental
revenues (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees or are
required by grantor agencies to be accounted for in this fashion (business-type activities).
The governmental activities include police, fire, parks, recreation , community development, public works, and general government activities. Property
and sales taxes, user fees, interest income, franchise fees, and state and federal grants finance these activities. The business-type activities include
wastewater and transit.
As required by accounting principles generally accepted in the United States of America, these financial statements present the City (the primary
government). The City previously had a component unit (the Community Redevelopment Agency of Atascadero) through January 31, 2012, for which the
government was considered to be financially accountable. Effective February 1, 2012, Assembly Bill AB 1x26, as modified by the California Supreme
Court, dissolved redevelopment agencies in California. All assets and liabilities were required to be transferred to the cor responding Successor Agency
identified in each community. In Atascadero, the City became the Successor Agency and holds these assets and liabilities in Private Purpose Trust. See
Note 15 in the Notes to the Financial Statements for further details on the Successor Agency. The City has no component units that require discrete
presentation in accordance with GASB Statement No. 14, as amended by GASB Statements No. 39 and No. 61.
Fund Financial Statements
A fund is a group of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The
City of Atascadero, like other state and local governments, uses fund accounting to ensure and demon strate compliance with finance-related legal
requirements. The funds of the City are divided into two categories of activities – governmental and proprietary.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
City of Atascadero
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2014
5
OVERVIEW OF THE FINANCIAL STATEMENTS (continued)
Governmental Funds
Governmental funds are used to account for essentially the same functions reported as governmental activities in the Government-wide Financial
Statements. However, unlike the Government-wide Financial Statements, Governmental Fund Financial Statements focus on near-term inflows and
outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful
in evaluating a government’s near-term financing requirements.
Because the focus of Governmental Fund Financial Statements is narrower than that of the Government-wide Financial Statements, it is useful to
compare the information presented for governmental funds with similar information presented for governmental activities in the Government-wide
Financial Statements. By doing so, readers may better understand the long-term impact of the government’s near-term financing decisions. Both the
governmental funds balance sheet and the governmental funds statement of revenues, expenditures, and changes in fund balances provide a
reconciliation to facilitate this comparison between governmental funds and governmental activities.
The City maintains multiple individual governmental funds. Information for t he General Fund is presented separately in the governmental funds balance
sheet and in the governmental funds statement of revenues, expenditures, and changes in fund balances. The General Fund, the In Lieu Low/Moderate
Income Housing Fund, the Circulation System Fees Fund, the Fire Aerial Vehicle Impact Fees Fund, the Historic City Hall Rehabilitation Fund, and the
2010 Bond Debt Service Fund are considered to be the major governmental funds. Data from the other nonmajor governmental funds are combined into
a single, aggregated presentation. Individual fund data , including budgetary information, for each of these nonmajor governmental funds is provided in
the combining financial statements under the supplementary information section.
A budget comparison statement has been provided to demonstrate compliance with the budget. Budgetary information for the major governmental fu nds
has been provided under the required supplementary information section.
Proprietary Funds
Proprietary Funds provide the same type of information as the business-type activities in the government-wide financial statements, except that the
Proprietary Funds provide greater detail. The City maintains two types of Proprietary Funds: Enterprise Funds and Internal Se rvice Funds. The City’s
Enterprise Funds are the same as the business -type activities reported in the Government-wide Financial Statements: Transit and Wastewater. The City
uses Internal Service Funds to report activities that provide supplies and services for the City’s other programs and activities. The City’s Internal Services
Funds include the Technology Fund, the Building Maintenance and Replacement Fund, and the Vehicle and Equipment Replacement Fund. The Internal
Service Funds are combined into one column within the Proprietary Funds statements and are combined with governmental activities in the Government-
wide Financial Statements.
Notes to the Basic Financial Statements – The notes provide additional information that is essential to a full understanding of the data provided in the
government-wide and fund financial statements.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
City of Atascadero
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2014
6
GOVERNMENT-WIDE FINANCIAL ANALYSIS
As noted earlier, net position may serve over time as a useful indicator of a government’s financial position. In the case of the City of Atascadero, assets
exceeded liabilities by about $181 million at the close of the most recent fiscal year.
2013-2014
Governmental
Activities
2013-2014
Business-Type
Activities
2013-2014
Total
2012-2013
Governmental
Activities
2012-2013
Business-Type
Activities
2012-2013
Total
50,880,624$ 9,498,996$ 60,379,620$ 50,656,078$ 10,787,079$ 61,443,157$
129,378,816 16,969,875 146,348,691 124,108,423 16,010,187 140,118,610
Total assets 180,259,440 26,468,871 206,728,311 174,764,501 26,797,266 201,561,767
4,399,962 226,558 4,626,520 5,352,058 879,369 6,231,427
21,208,919 23,526 21,232,445 21,325,576 20,830 21,346,406
Total liabilities 25,608,881 250,084 25,858,965 26,677,634 900,199 27,577,833
117,005,394 16,969,875 133,975,269 113,307,684 16,010,187 129,317,871
32,656,277 - 32,656,277 31,618,278 - 31,618,278
4,988,888 9,248,912 14,237,800 3,160,905 9,886,880 13,047,785
Total net position 154,650,559$ 26,218,787$ 180,869,346$ 148,086,867$ 25,897,067$ 173,983,934$
Net position:
Net investment in
capital assets
Restricted
Unrestricted
Current and other assets
Capital assets
Current liabilities
Noncurrent liabilities
The largest portion of the City’s net position (74%) reflects its investment in capital assets, less any related debt used to acquire those assets that is still
outstanding. The City uses these capital assets to provide services to citizens; consequently, these assets are not available for futur e spending.
Although the City’s investment in its capital assets is reported net of related debt, it should be noted that the reso urces needed to repay this debt must be
provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.
An additional 18% of the City’s net position represents resources subject to external restrictions on how they may be used. The remaining 8%
($14,237,800) is considered unrestricted and may be used to meet the City’s ongoing obligations to citizens and creditors. There was an increase of
$1,190,015 in unrestricted net position from fiscal year 2012-2013 to 2013-2014.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
City of Atascadero
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2014
7
GOVERNMENT-WIDE FINANCIAL ANALYSIS (continued)
Consistent with the prior fiscal year, as of the end of the current fiscal year, the City is able to report positive balances in both categories of net position,
for both the government as a whole, as well as for its separate governmental and business-type activities.
During the current fiscal year, the City’s net position increased by about $7.1 million. Information about changes in net position is summarized below:
2013-2014
Governmental
Activities
2013-2014
Business-Type
Activities
2013-2014
Total
2012-2013
Governmental
Activities
2012-2013
Business-Type
Activities
2012-2013
Total
Revenues:
Program Revenues
Charges for services 3,711,767$ 2,331,732$ 6,043,499$ 3,295,810$ 2,226,166$ 5,521,976$
Operating grants and contributions 1,261,866 567,837 1,829,703 1,577,625 455,277 2,032,902
Capital grants and contributions 8,382,865 83,502 8,466,367 5,010,415 803,667 5,814,082
General Revenues:
Secured and unsecured property taxes 8,185,022 - 8,185,022 9,911,766 - 9,911,766
Sales and use taxes 3,510,813 - 3,510,813 3,295,061 - 3,295,061
Other taxes 2,286,542 - 2,286,542 2,043,779 - 2,043,779
Motor Vehicle in Lieu 12,170 - 12,170 14,693 - 14,693
Investment Income 954,347 85,951 1,040,298 883,766 71,669 955,435
Total Revenues 28,305,392 3,069,022 31,374,414 26,032,915 3,556,779 29,589,694
SUMMARY OF CHANGES IN NET POSITION
For the Fiscal Years Ended June 30, 2014 and 2013
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
City of Atascadero
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2014
8
GOVERNMENT-WIDE FINANCIAL ANALYSIS (continued)
2013-2014
Governmental
Activities
2013-2014
Business-Type
Activities
2013-2014
Total
2012-2013
Governmental
Activities
2012-2013
Business-Type
Activities
2012-2013
Total
Program Expenses
General Government 2,439,944$ -$ 2,439,944$ 2,550,467$ -$ 2,550,467$
Public Safety 10,204,254 - 10,204,254 11,096,608 - 11,096,608
Community Development 1,862,897 - 1,862,897 1,625,531 - 1,625,531
Community, Recreation & Zoo Services 2,293,532 - 2,293,532 2,232,646 - 2,232,646
Parks & Open Space 781,090 - 781,090 748,770 - 748,770
Public Works 3,143,873 - 3,143,873 3,065,852 - 3,065,852
Sewer - 2,035,872 2,035,872 - 2,029,709 2,029,709
Transit - 711,430 711,430 - 617,115 617,115
Interest on long-term debt 761,531 - 761,531 770,864 - 770,864
Total Expenses 21,487,121 2,747,302 24,234,423 22,090,738 2,646,824 24,737,562
Change in net position 6,818,271 321,720 7,139,991 3,942,177 909,955 4,852,132
Net position- beginning 148,086,867 25,897,067 173,983,934 147,858,806 24,987,112 172,845,918
Prior year adjustment (254,579) - (254,579) (3,714,116) - (3,714,116)
Adjusted Net position- beginning 147,832,288 25,897,067 173,729,355 144,144,690 24,987,112 169,131,802
Net position- ending 154,650,559$ 26,218,787$ 180,869,346$ 148,086,867$ 25,897,067$ 173,983,934$
SUMMARY OF CHANGES IN NET POSITION
For the Fiscal Years Ended June 30, 2014 and 2013
Governmental activities during the year increased the City’s net position by $6,818,271 with an offsetting prior period adjustment decrease of $254,579
due to a change in accounting principle. Business-type activities increased the City’s net position by $321,720.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
City of Atascadero
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2014
9
FINANCIAL ANALYSIS OF THE CITY’S FUNDS
As noted earlier, the City of Atascadero uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements.
Governmental Funds
The focus of the City’s governmental funds is to provide information on near -term inflows, outflows, and balances of spendable resources. Such
information is useful in assessing the City’s financing requirements.
As of June 30, 2014, the City’s governmental funds reported combined ending fund balances of $40,004,026. Approximately 44% ($17,420,747) of this
total amount cannot be spent because it is in a non-spendable form and/or a non-cash form such as prepaid items, long-term notes receivable, and long-
term advances receivable. The City’s governmental funds Unassigned Fund Balance is $5,609,805. The General Fund portion of this, $7,210,495, is
available for any purpose. The remaining Unassigned Fund Balance is the aggregate amount of Other Governmental Funds where expenditures were
made prior to receipt of restricted revenues . The Restricted Fund Balance of $16,645,547 includes amounts constrained to specific purposes by their
providers (such as grantors, bondholders, and higher levels of government), through constitutional provisions, or by enabling legislation. The Assigned
fund balance, $327,927, is the amount the City intends to use for road projects.
General Fund – The General Fund is the chief operating fund of the City. At June 30, 2014, the total fund balance was $8,620,512 and the spendable
unassigned fund balance was 84% ($7,210,495) of the total. As a measure of the General Fund’s liquidity, it may be useful to compare total fund balance
to total fund expenditures. The total General Fund balance represents 48.5% of fund expenditures, up from 43% in the prior fiscal year. The General
Fund balance increased $613,444 during the fiscal year.
In Lieu Low/Moderate Income Housing Fund – This fund accounts for fees that are paid by developers in lieu of building inclusionary (affordable)
housing. These fees are expended on programs that provide and/or promote affordable housing within the City. At June 30, 2014, the fund balance was
$5,185,964.
Circulation System Fees Fund – This fund accounts for fees that are paid by developers to fund the creation of more lane miles or more efficient lane
miles with which to accommodate the additional trips created by new development. These fees are expended for the construction of
new/increased/improved roadway and bridge facilities. The fund balance at June 30, 2014, was $1,066,427, up $143,992 from the prior year.
Fire Aerial Vehicle Impact Fees Fund – This fund accounts for impact fees imposed on commercial and multi -family residential developments for the
purpose of contributing toward the purchase of the Aerial Fire Truck (Ladder Truck). The City purchased this truck in fiscal year 2007 -2008 using future
revenues, and therefore, the fund had a negative balance of ($860,324) at June 30, 2014. As the economy continues to improve and development is
reinvigorated over time, Impact Fee revenues should move this negative balance toward zero.
Historic City Hall Rehabilitation Fund – The Historic City Hall Rehabilitation Fund accounts for all of the costs related to the restoration of the Historic
City Hall rotunda building after it was severely damaged in the San Simeon Earthquake on December 22, 2003. At June 30, 2014, the total fund balance
was ($487,952). This is down from the previous year fund balance of $1,728,168 due to the continued finalization of the construction contracts to
rehabilitate the Historic City Hall.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
City of Atascadero
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2014
10
FINANCIAL ANALYSIS OF THE CITY’S FUNDS (continued)
2010 Bond Debt Service Fund – The 2010 Bond Debt Service Fund accounts for all of the advances receivable from the Successor Agency and the
debt service payments for the Lease Revenue Bonds that were issued on September 1, 2010. At June 30, 2014, the total fund balance was
$17,434,628, which reflects $16 million in advances receivable from the Successor Agency. See Notes 7 and 15 to the financial statements for additional
information on the Successor Agency and the bond issue.
Other Governmental Funds – These are nonmajor funds of the City and are presented in the basic financial statements in the aggregate and in detail in
the supplementary section of this report. At June 30, 2014, these funds had an aggregate fund balance of $9,044,771. Of this total, $730 is non-
spendable and $327,927 is assigned for specific uses. The Restricted Fund Balance is $8,968,528. The remaining unassigned fund balances in the
amount of ($252,414) is the amount in the General Government Facilities Fees Fund and the Law Enforcement Facilities Fees Fund, in which purchases
were incurred prior to the receipt of long-term reimbursing revenues. More information about these nonmajor funds can be found in the combining and
individual fund financial statements and schedules.
Proprietary Funds
The City’s two enterprise funds provide the same type of information found in the Government-wide Financial Statements, but in more detail. Highlights
of the annual activity for these funds have already been presented in the discussion of the business -type activities.
Debt Administration
Debt, considered a liability of governmental activities, decreased in FY 2013-2014 by $116,564. During the year, the PERS side fund liability decreased
by $150,308, compensated absences increased by $47,593, and Other Post-Employment Benefits decreased by $13,849. Debt of the business-type
activities increased by $2,696 in FY 2013-2014 due to an increase in compensated absences.
Cash Management
To obtain flexibility in cash management, the City employs a pooled cash system. Under the pooled cash concept, the City invests the cash of all funds
with maturities planned to coincide with cash needs. Idle cash is invested in certain eligible securities as constrained by law and further limited by the
City’s Investment Policy. The goals of the City’s Investment Policy are safety, liquidity, and yield.
Capital Assets
The capital assets of the City are those assets that are used in the performance of the City’s functions , including infrastructure assets. At June 30, 2014,
net capital assets of the governmental activities totaled $129,378,816 and the net capital assets of the business-type activities totaled $16,969,875.
Depreciation on capital assets is recognized in the Government-wide Financial Statements. The City has elected to depreciate its infrastructure assets.
In order to depreciate the infrastructure assets, an estimated useful life for each type of asset was determined using engine ering standards, industry
standards, as well as discussions with City staff regarding the City’s maintenance program for each asset type. This allowed the estimated useful life of
each asset type to be tailored to include the unique attributes of the City of Atascadero.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
City of Atascadero
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2014
11
FINANCIAL ANALYSIS OF THE CITY’S FUNDS (continued)
The following table presents summary information on the City’s capital assets:
2013-2014
Governmental
Activities
2013-2014
Business-Type
Activities
2013-2014
Total
2012-2013
Governmental
Activities
2012-2013
Business-Type
Activities
2012-2013
Total
Non-Depreciable:
Land 40,855,264$ 442,044$ 41,297,308$ 40,795,264$ 442,044$ 41,237,308$
Construction in progress 1,558,467 1,482,822 3,041,289 29,357,438 1,801,272 31,158,710
Depreciable:
Vehicles and equipment 8,622,032 705,651 9,327,683 8,620,881 809,179 9,430,060
Structures and improvements 49,413,492 27,409,578 76,823,070 17,456,374 25,293,306 42,749,680
Infrastructure 63,234,141 - 63,234,141 61,588,154 - 61,588,154
Accumulated Depreciation (34,304,580) (13,070,220) (47,374,800) (33,709,688) (12,335,614) (46,045,302)
Net investment in capital
assets 129,378,816$ 16,969,875$ 146,348,691$ 124,108,423$ 16,010,187$ 140,118,610$
General Fund Budgetary Highlights
A detailed budgetary comparison schedule for the fiscal year ended June 30, 2014, is presented in the required supplementary information to the basic
financial statements. The final budget amounts (which are the focus of this discussion ) are different from those presented in the 2013-2014 budget
document. This is due to changes that occurred between the time that the budget was prepared and fiscal year-end final budget approvals.
The following summarizes the original and final budget compared with actual results for 2013-2014.
General Fund Original Budget Final Budget Actual
Variance
Positive
(Negative)
Revenues 16,267,380$ 16,967,600$ 18,015,689$ 1,048,089$
Expenditures 17,934,350 18,704,570 17,764,765 939,805
Other Sources (Uses)362,850 362,850 362,520 (330)
Fund Balance, beginning 8,007,068 8,007,068 8,007,068 -
Fund Balance, ending 6,702,948$ 6,632,948$ 8,620,512$ 1,987,564$
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
City of Atascadero
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2014
12
FINANCIAL ANALYSIS OF THE CITY’S FUNDS (continued)
Both revenues and expenditure budgets were increased during the year, primarily reflecting the increases in activity in development, mutual aid , other
grants, and a Council authorized increase for the Lake Dredging Project . Although the final budget reduced the fund balance of the General Fund when
compared to the original budget, the actual activity during the year increased the fund balance by almost $2 million over the final budget.
Economic Factors and Next Fiscal Year’s Budget
The City continues to pursue the Council top goals despite the challenges that arise due to the economy, the actions of the State Legislature, and ever
increasing environmental regulation. The City has been facing the retracting economy over the last few budget cycles, and now is beginning to see
evidence of improvement. This state of the economy is exacerbated by the California Legislature’s 2012 actions to dissolve redevelopment across the
state. The City has effectively used redevelopment funding in the past to stimulate local economic development, but now that redevelopment is
dissolved, this task is much more challenging. Additionally, increasing demands by other agencies to meet certain environmental regulations can put
undue strain on local agencies.
However difficult it may be, the Council is maintaining its commitment to its top priorities and continues to brainstorm new ways to further th ese goals.
The City has been successful at facilitating synergistic energy in the City’s retail and industrial s ectors. This is great news for the City, socially and
financially. While revenue gains from these new projects are starting to come in, they will not be fully realized for a few years into the future. The Council
has held steadfast to the same fiscal strategy for over a decade now, a plan that has paid off. The framework of this strategy has guided the City to save
money in the good years so that there is a resource to be drawn from in the bad years. This policy has allowed for stable op erations and long-term
financial sustainability even during the time the economy hit bottom, and continues now as the economy begins to recover.
The 2014-2015 budget is the result of significant team work and represents steady and consistent spending. The easing up of the economy has allowed
slightly more flexibility in formulating the budget than has been the case in the prior two budget cycles. T he budget is fair, smart, and achievable. In
preparing the budget, the objective was to provide an effective plan to maintain the Council goals and the City’s core services. The Council’s top priorities
are:
Promote the Atascadero Lake Park, Pavilion, Veterans Memorial, and Zoo as an Event Center
Pursue more connection between the City Council and Community
Promote Common Sense Regulations and Reform
Promote Environmental Stewardship
Pursue Economic Development
Provide High Quality Public Safety Services
To accomplish all of these goals, the 2014-2015 budget includes the planned use of $662,000 in reserves, in accordance with the Council’s financial
strategy.
CONTACTING THE CITY’S FINANCIAL MANAGEMENT TEAM
This financial report is designed to provide our citizens, taxpayers, customers, investors and creditors with a general overv iew of the City’s finances and
to show the City’s accountability for the money it receives. Questions concerning any of the inform ation provided in this report or requests for additional
financial information should be addressed to the City of Atascadero, Administrative Services Department, 6500 Palma Avenue, Atascadero, CA 93422.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
BASIC FINANCIAL STATEMENTS
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
STATEMENT OF NET POSITION
June 30, 2014
Governmental
Activities
Business-Type
Activities Total
ASSETS
Cash and investments 19,670,656$ 9,158,214$ 28,828,870$
Restricted cash and investments:
Cash with fiscal agents 1,411,278 - 1,411,278
Certificates of deposit 133,723 - 133,723
Receivables:
Federal distributions due 3,578,496 227,491 3,805,987
Due from State of California 2,225,439 1,810 2,227,249
Due from County of San Luis Obispo 837,276 71,732 909,008
Accrued interest 30,115 13,513 43,628
Accrued interest receivable- 2010 bonds 188,510 - 188,510
Other receivables 557,906 133,886 691,792
Internal balances 107,650 (107,650) -
Prepaid expenses 41,239 - 41,239
Notes receivable 4,713,161 - 4,713,161
Advance receivable- Successor Agency 17,385,175 - 17,385,175
Capital assets:
Non-depreciable:
Land 40,855,264 442,044 41,297,308
Construction in progress 1,558,467 1,482,822 3,041,289
Depreciable:
Vehicles and equipment 8,622,032 705,651 9,327,683
Structures and improvements 49,413,492 27,409,578 76,823,070
Infrastructure 63,234,141 - 63,234,141
Accumulated depreciation (34,304,580) (13,070,220) (47,374,800)
Total assets 180,259,440 26,468,871 206,728,311
The notes to the basic financial statements are an integral part of this statement.
13
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
STATEMENT OF NET POSITION (continued)
June 30, 2014
Governmental
Activities
Business-Type
Activities Total
LIABILITIES
Accounts payable 809,924$ 176,423$ 986,347$
Accrued salaries and benefits 730,776 23,963 754,739
Accrued interest payable 188,510 - 188,510
Other payables 45,019 15,113 60,132
Deposits payable 58,768 - 58,768
Unearned revenue 2,566,965 11,059 2,578,024
Noncurrent liabilities:
Due within one year 212,982 - 212,982
Due in more than one year 20,995,937 23,526 21,019,463
Total liabilities 25,608,881 250,084 25,858,965
NET POSITION
Net investment in capital assets 117,005,394 16,969,875 133,975,269
Restricted for:
Restricted for parks and recreation 2,308,753 - 2,308,753
Restricted for streets, roads and drainage 4,963,559 - 4,963,559
Restricted for public safety 907,161 - 907,161
Restricted for redevelopment & housing 6,820,776 - 6,820,776
Restricted for debt service 17,656,028 - 17,656,028
Unrestricted 4,988,888 9,248,912 14,237,800
Total net position 154,650,559$ 26,218,787$ 180,869,346$
The notes to the basic financial statements are an integral part of this statement.
14
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
STATEMENT OF ACTIVITIES
For the Fiscal Year Ended June 30, 2014
Program Revenues
Expenses
Charges for
Services
Operating
Contributions
and Grants
Capital
Contributions
and Grants
Net
Governmental
Activities
Net
Business-type
Activities Total
Governmental activities:
General government 2,439,944$ 265,834$ 37,291$ 653,910$ (1,482,909)$ -$ (1,482,909)$
Public safety 10,204,254 904,714 200,892 159,457 (8,939,191) - (8,939,191)
Community development 1,862,897 1,488,376 52,483 1,559,843 1,237,805 - 1,237,805
2,293,532 815,835 59,375 1,777,775 359,453 - 359,453
Parks & open space 781,090 40,094 8,553 2,530,478 1,798,035 - 1,798,035
Public works 3,143,873 196,914 903,272 1,701,402 (342,285) - (342,285)
Interest on long-term debt 761,531 - - - (761,531) - (761,531)
Total governmental activities 21,487,121 3,711,767 1,261,866 8,382,865 (8,130,623) - (8,130,623)
Business-type activities:
Sewer 2,035,872 2,250,500 85,086 - - 299,714 299,714
Transit 711,430 81,232 482,751 83,502 - (63,945) (63,945)
Total business-type activities 2,747,302 2,331,732 567,837 83,502 - 235,769 235,769
Total government 24,234,423$ 6,043,499$ 1,829,703$ 8,466,367$ (8,130,623) 235,769 (7,894,854)
General revenues
Taxes:
Secured and unsecured property taxes 8,185,022 - 8,185,022
Sales tax and payments in lieu of sales tax 3,510,813 - 3,510,813
Transient lodging tax 771,019 - 771,019
Franchise taxes 1,058,736 - 1,058,736
Business license tax 155,978 - 155,978
Property transfer tax 113,706 - 113,706
Other taxes 187,103 - 187,103
Motor vehicle in lieu 12,170 - 12,170
Investment income 185,225 85,951 271,176
Interest from Successor Agency 769,122 - 769,122
Total general revenues 14,948,894 85,951 15,034,845
Change in net position 6,818,271 321,720 7,139,991
Net position at beginning of fiscal year 148,086,867 25,897,067 173,983,934
Prior period adjustment-change in accounting principle (254,579) - (254,579)
Adjusted net position at beginning of fiscal year 147,832,288 25,897,067 173,729,355
Net position at end of fiscal year 154,650,559$ 26,218,787$ 180,869,346$
Net (Expense) Revenue and
Changes in Net Position
Community, recreation & zoo
services
The notes to the basic financial statements are an integral part of this statement.
15
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
GOVERNMENTAL FUNDS
BALANCE SHEET
June 30, 2014
General
Fund
In Lieu Low /
Moderate
Income Housing
Fund
Circulation
System Fees
Fund
Fire Aerial
Vehicle Impact
Fees Fund
Historic City
Hall
Rehabilitation
Fund
2010 Bond Debt
Service Fund Totals
ASSETS
Cash and investments 7,047,570$ 472,085$ 1,926,130$ -$ -$ 13,330$ 6,197,492$ 15,656,607$
Restricted cash and investments:
- - - - - 1,411,278 - 1,411,278
Certificates of deposit 133,723 - - - - - - 133,723
Receivables:
Federal distributions due 82,122 - - - 1,195,152 - 390,177 1,667,451
Due from State of California 563,126 - - - 419,388 - 605,875 1,588,389
229,310 - - - - - 607,966 837,276
Accrued interest 11,492 718 2,878 - - 20 8,878 23,986
Other receivables 509,886 - - - - - 48,020 557,906
Due from other funds 1,385,738 - - - - - 2,338,664 3,724,402
Deposits, prepaid items and inventory 34,842 - - - 910 - 730 36,482
Notes receivable - 4,713,161 - - - - - 4,713,161
Advances receivable- Successor Agency 1,375,175 - - - - 16,010,000 - 17,385,175
Total assets 11,372,984$ 5,185,964$ 1,929,008$ -$ 1,615,450$ 17,434,628$ 10,197,802$ 47,735,836$
Other
NonMajor
Governmental
Funds
Cash and investments with fiscal agent
Due from County of San Luis Obispo
The notes to the basic financial statements are an integral part of this statement.
16
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
GOVERNMENTAL FUNDS
BALANCE SHEET (continued)
June 30, 2014
General
Fund
In Lieu Low /
Moderate
Income Housing
Fund
Circulation
System Fees
Fund
Fire Aerial
Vehicle Impact
Fees Fund
Historic City
Hall
Rehabilitation
Fund
2010 Bond Debt
Service Fund Totals
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable 505,512$ -$ 28,615$ -$ 25,492$ -$ 177,342$ 736,961$
Accrued salaries and benefits 690,109 - - - - - 17,236 707,345
Due to other funds - - - 860,324 2,077,910 - 678,518 3,616,752
Unearned revenue 1,453,064 - 833,966 - - - 279,935 2,566,965
Deposits 58,768 - - - - - - 58,768
Other payables 45,019 - - - - - - 45,019
Total liabilities 2,752,472 - 862,581 860,324 2,103,402 - 1,153,031 7,731,810
Fund Balances:
Nonspendable 1,410,017 - - - - 16,010,000 730 17,420,747
Restricted - 5,185,964 1,066,427 - - 1,424,628 8,968,528 16,645,547
Assigned for road projects - - - - - - 327,927 327,927
Unassigned 7,210,495 - - (860,324) (487,952) - (252,414) 5,609,805
Total fund balances 8,620,512 5,185,964 1,066,427 (860,324) (487,952) 17,434,628 9,044,771 40,004,026
Total liabilities and fund balances 11,372,984$ 5,185,964$ 1,929,008$ -$ 1,615,450$ 17,434,628$ 10,197,802$ 47,735,836$
Other
NonMajor
Governmental
Funds
The notes to the basic financial statements are an integral part of this statement.
17
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
RECONCILIATION OF THE GOVERNMENTAL FUNDS - BALANCE SHEET
TO THE STATEMENT OF NET POSITION
Total fund balances - governmental funds 40,004,026$
In governmental funds, only current assets are reported. In the statement of net position, all assets are reported,
including capital assets and accumulated depreciation.
Capital assets at historical cost 106,208,205$
Accumulated depreciation (25,371,207)
Net 80,836,998
In governmental funds, interest on long-term debt is not recognized until the period in which it matures and is
paid. In the government-wide statement of activities, it is recognized in the period that it is incurred.(188,510)
In governmental funds, the receivable from the Successor Agency related to interest on the 2010 long-term debt is
188,510
Long-term liabilities: In governmental funds, only current liabilities are reported. In the statement of net position,
all liabilities, including long-term liabilities, are reported. Long-term liabilities relating to governmental
activities consist of:
Bonds payable 16,010,000
Workers' Compensation estimated claims liability in excess of deposits 86,686
Compensated absences payable 1,408,709
PERS side fund 3,435,075
Other Post Employment Benefits 145,177
(21,085,647)
In governmental funds, premiums are recognized when the bonds are issued. In the government-wide
statement of activities, these are recorded as a liability and amortized over the life of the bond.(78,348)
Internal service funds are used by management to charge the costs of various City activities to individual
governmental and enterprise funds. The unrestricted net position of the internal service funds are included
in the Governmental Activities in the Statement of Net Position.54,973,530
Total net position, governmental activities 154,650,559$
June 30, 2014
not recognized until the period in which is paid. In the government-wide statement of activities, it is
recognized in the period that it is incurred.
The notes to the basic financial statements are an integral part of this statement.
18
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
GOVERNMENTAL FUNDS
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
For the Fiscal Year Ended June 30, 2014
General
Fund
In Lieu Low /
Moderate
Income Housing
Fund
Circulation
System Fees
Fund
Fire Aerial
Vehicle Impact
Fees Fund
Historic City
Hall
Rehabilitation
Fund
2010 Bond Debt
Service Fund
Other
NonMajor
Governmental
Funds Totals
Revenues:
Secured and unsecured property taxes 7,551,887$ -$ -$ -$ -$ -$ 775,459$ 8,327,346$
Taxes based on sales and use 3,510,813 - - - - - - 3,510,813
Franchise tax 1,058,736 - - - - - - 1,058,736
Other taxes 1,040,723 - - - - - - 1,040,723
Licenses and permits 648,501 1,386,392 363,721 417 - - 879,816 3,278,847
Intergovernmental revenues:
12,170 - - - - - - 12,170
Grants 87,674 - - - 898,351 - 1,145,124 2,131,149
Other governmental revenues 73,393 - - - - - 1,777,034 1,850,427
Charges for services:
Public safety 822,933 - - - - - - 822,933
Development 1,001,012 - - - - - - 1,001,012
Recreation, parks, pavilion and zoo 857,639 - - - - - - 857,639
Other services 54,906 - - - - - - 54,906
Fines and forfeitures 66,550 - - - - - - 66,550
Use of money and property 61,127 4,528 18,440 - (28,743) 787,097 81,694 924,143
Other revenues 1,167,625 - - - 73,185 - 9,911 1,250,721
Total revenues 18,015,689 1,390,920 382,161 417 942,793 787,097 4,669,038 26,188,115
Motor vehicle in lieu
The notes to the basic financial statements are an integral part of this statement.
19
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
GOVERNMENTAL FUNDS
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES (continued)
For the Fiscal Year Ended June 30, 2014
General
Fund
In Lieu Low /
Moderate
Income Housing
Fund
Circulation
System Fees
Fund
Fire Aerial
Vehicle Impact
Fees Fund
Historic City
Hall
Rehabilitation
Fund
2010 Bond Debt
Service Fund
Other
NonMajor
Governmental
Funds Totals
Expenditures:
Current:
General government 2,457,295$ -$ -$ -$ 52,937$ -$ 7,734$ 2,517,966$
Public safety 10,075,822 - - - - - 84,447 10,160,269
Community development 1,693,401 39,082 - - 30,350 1,750 10,111 1,774,694
1,838,970 - - - 7,028 - 57,360 1,903,358
Parks and open space 616,356 - - - - - 63,315 679,671
Public works 1,004,954 - - - 7,843 - 1,025,455 2,038,252
Capital outlay 77,967 - 238,169 - 3,060,755 - 1,842,133 5,219,024
Debt service:
Interest - - - - - 764,513 - 764,513
Total expenditures 17,764,765 39,082 238,169 - 3,158,913 766,263 3,090,555 25,057,747
Excess of revenues over (under)
expenditures 250,924 1,351,838 143,992 417 (2,216,120) 20,834 1,578,483 1,130,368
Other Financing Sources (Uses):
Transfers in 363,600 - - - - - 175,181 538,781
Transfers out (1,080) - - - - - (537,701) (538,781)
Total other financing sources
and uses 362,520 - - - - - (362,520) -
Net change in fund balances 613,444 1,351,838 143,992 417 (2,216,120) 20,834 1,215,963 1,130,368
Fund balances - June 30, 2013 8,007,068 3,834,126 922,435 (860,741) 1,728,168 17,413,794 7,828,808 38,873,658
Fund balances - June 30, 2014 8,620,512$ 5,185,964$ 1,066,427$ (860,324)$ (487,952)$ 17,434,628$ 9,044,771$ 40,004,026$
Community, recreation, and
zoo services
The notes to the basic financial statements are an integral part of this statement.
20
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
For the Fiscal Year Ended June 30, 2014
Total net change in fund balance - governmental funds 1,130,368$
Capital outlays are reported in governmental funds as expenditures. However, in the statement of activities, the cost of
those assets is allocated over their estimated useful lives as depreciation expense. This is the amount by which
additions to capital outlay of $5,219,024 is greater than depreciation expense $(1,494,791) in the period.3,724,233
The donation or contribution of capital assets is not recorded in the governmental financial statements. In the statement of activities,
however, the donation is recorded as an appropriate capital grant.489,730
In governmental funds, the issuance premiums associated with long-term debt are reported as revenue in the fiscal year debt is
issued. In the government-wide statements, the issuance premiums are recorded as liabilities and are amortized over
the life of the related debt.2,982
In the statement of activities, compensated absences are measured by the amounts earned during the fiscal year. In
governmental funds, however, expenditures for these items are measured by the amount of financial resources used
(essentially the amounts paid). This fiscal year, leave amounts earned exceeded the amounts used by $43,938.(43,938)
In governmental funds, the repayments of the PERS side fund debt is reported as a retirement expense. In the government-wide
statements, repayments are reported as a decrease in the long-term liabilities. This is the amount by which interest incurred
of $254,016 is less than contributions made of $404,324 in the period.150,308
In the statement of activities, changes to some claims and judgment liabilities do not require the use of current financial resources and
therefore are not reported as expenditures in governmental funds. 78,441
In the statement of activities, the long-term liability for Other Post Employment Benefits is recognized. The increase in the
long-term liability does not require the use of current financial resources and is not reported in governmental funds.13,849
Internal service funds are used by management to charge the costs of various City activities to individual governmental and
enterprise funds. The change in the unrestricted net position of the internal service funds is included in the
Governmental Activities in the Statement of Activities. This amount is the net of the change in net position $4,798,217
less the contributions of capital assets from other governmental funds ($3,525,919).1,272,298
Changes in net position - governmental activities 6,818,271$
The notes to the basic financial statements are an integral part of this statement.
21
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
PROPRIETARY FUNDS
STATEMENT OF NET POSITION
June 30, 2014
Wastewater Fund Transit Fund Totals
ASSETS
Current Assets:
Cash and investments 9,158,214$ -$ 9,158,214$ 4,014,049$
Receivables:
Federal distributions due 5,429 222,062 227,491 1,911,045
Due from State of California 1,810 - 1,810 637,050
Due from County of San Luis Obispo 22,730 49,002 71,732 -
Accrued interest 13,973 (460) 13,513 6,129
Other receivables 131,908 1,978 133,886 -
Due from other funds 231,796 - 231,796 -
Prepaid expenses - - - 4,757
Total current assets 9,565,860 272,582 9,838,442 6,573,030
Capital Assets:
Non-depreciable:
Land 442,044 - 442,044 -
Construction in progress 1,482,822 - 1,482,822 496,030
Depreciable:
Vehicles and equipment 355,542 350,109 705,651 8,535,280
Structure and improvements 25,989,945 1,419,633 27,409,578 48,443,881
Accumulated depreciation (12,608,407) (461,813) (13,070,220) (8,933,373)
Net capital assets 15,661,946 1,307,929 16,969,875 48,541,818
Total assets 25,227,806 1,580,511 26,808,317 55,114,848
Internal Service
Funds
Enterprise Funds
The notes to the basic financial statements are an integral part of this statement.
22
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
PROPRIETARY FUNDS
STATEMENT OF NET POSITION (continued)
June 30, 2014
Wastewater Fund Transit Fund Totals
LIABILITIES
Current Liabilities:
Accounts payable 151,984$ 24,439$ 176,423$ 72,963$
Accrued salaries and benefits 21,968 1,995 23,963 23,431
Unearned revenue - 11,059 11,059 -
Due to other funds - 339,446 339,446 -
Other payables 13,368 1,745 15,113 -
Noncurrent Liabilities:
Compensated absences 23,526 - 23,526 44,924
Total liabilities 210,846 378,684 589,530 141,318
NET POSITION
Net investment in capital assets 15,661,946 1,307,929 16,969,875 48,541,818
Unrestricted 9,355,014 (106,102) 9,248,912 6,431,712
Total net position 25,016,960$ 1,201,827$ 26,218,787$ 54,973,530$
Enterprise Funds
Internal Service
Funds
The notes to the basic financial statements are an integral part of this statement.
23
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
PROPRIETARY FUNDS
COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION
For the Fiscal Year Ended June 30, 2014
Wastewater Fund Transit Fund Totals
Operating Revenues:
Service fees 1,806,807$ 81,232$ 1,888,039$ 1,215,430$
Installation, extension and connection fees 443,453 - 443,453 -
Other 240 - 240 -
Total operating revenues 2,250,500 81,232 2,331,732 1,215,430
Operating Expenses:
Salaries and benefits 490,646 39,413 530,059 481,896
Office expense 1,056 1,026 2,082 1,109
Advertising - 154 154 -
Computer maintenance and replacement 19,713 9,390 29,103 2,220
Insurance 22,215 9,685 31,900 18,782
Occupancy and rental costs 8,240 1,240 9,480 85,866
Utilities 240,974 - 240,974 73,110
Communications 6,175 249 6,424 6,665
Operating supplies 75,464 364 75,828 42,840
Vehicle and equipment operating costs 62,492 142,125 204,617 5,306
Contract services 77,752 225,553 303,305 85,345
Professional development 8,854 460 9,314 13,443
Recruitment - - - 684
Franchise fees 35,050 - 35,050 -
Administrative charges 197,520 123,011 320,531 36,960
Special projects:-
Manhole rehabilitation projects 67,440 - 67,440 -
Sewer line trench settlement repair 16,628 - 16,628 -
Lift station water meter relocation 306 - 306 -
Salt & Nutrient Management Program 15,748 - 15,748 -
Sewer System Management Plan Audit 375 - 375 -
Sewer System Management Plan 9,850 - 9,850 -
Exterior Painting - Fire Station #2 - - - 8,500
HVAC Units - - - 3,454
Small Printers - - - 1,146
Internal Service
Funds
Enterprise Funds
The notes to the basic financial statements are an integral part of this statement.
24
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
PROPRIETARY FUNDS
COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION (continued)
For the Fiscal Year Ended June 30, 2014
Wastewater Fund Transit Fund Totals
Operating Expenses (continued):
Special projects (continued):
Storage capacity upgrades -$ -$ -$ 13,481$
Monitors - Replacement - - - 5,282
Depreciation 679,374 110,448 789,822 1,386,837
Total operating expenses 2,035,872 663,118 2,698,990 2,272,926
Operating income (loss)214,628 (581,886)(367,258) (1,057,496)
Non-Operating Revenues (Expenses):
Transportation Development Act Funds - Operations - 260,689 260,689 -
Section 5307 Revenues - Operations - 222,062 222,062 -
Interest income 87,628 (1,677) 85,951 41,004
Insurance reimbursement 85,086 - 85,086 -
Gain / (loss) on sale of capital assets - (48,312) (48,312) (29,327)
Total non-operating revenues 172,714 432,762 605,476 11,677
Change in net position prior to capital
contributions 387,342 (149,124) 238,218 (1,045,819)
Capital Contributions:
Capital contributions from other funds - - - 3,525,919
Capital contributions from successor agency - - - 2,138,117
Capital contributions from community donations - - - 180,000
Prop 1B Grant- Transit Center - 83,502 83,502 -
Total capital contributions - 83,502 83,502 5,844,036
Change in net position 387,342 (65,622) 321,720 4,798,217
Total net position, June 30, 2013 24,629,618 1,267,449 25,897,067 50,175,313
Total net position, June 30, 2014 25,016,960$ 1,201,827$ 26,218,787$ 54,973,530$
Enterprise Funds
Internal Service
Funds
The notes to the basic financial statements are an integral part of this statement.
25
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
PROPRIETARY FUNDS
COMBINING STATEMENT OF CASH FLOWS
For the Fiscal Year Ended June 30, 2014
Wastewater Fund Transit Fund Totals
Cash Flows From Operating Activities:
Receipts from customers 2,175,034$ 33,491$ 2,208,525$ -$
Internal activity - payments from other funds - - - 1,215,430
Payments to suppliers of goods and services (1,349,684) (536,268) (1,885,952) (361,338)
Payments for employee services (485,854) (39,838) (525,692) (472,217)
Net cash provided (used) by operating
activities 339,496 (542,615) (203,119) 381,875
- 416,205 416,205 -
- 222,611 222,611 -
Net cash provided (used) by non-capital
related financing activities - 638,816 638,816 -
Acquisition of capital assets (1,703,017) (94,805) (1,797,822) (157,573)
Insurance reimbursement 85,086 - 85,086 -
Capital grant proceeds - - - (2,046,527)
Proceeds from sale of capital assets - - - 3,096
Net cash provided (used) by capital and
related financing activities (1,617,931) (94,805) (1,712,736) (2,201,004)
Internal Service
Funds
Enterprise Funds
Receipts from intergovernmental agencies
Cash Flows From Non-Capital Financing
Activities:
Cash Flows From Capital and Related Financing
Activities:
Loans / repayments to other funds
The notes to the basic financial statements are an integral part of this statement.
26
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
PROPRIETARY FUNDS
COMBINING STATEMENT OF CASH FLOWS (continued)
For the Fiscal Year Ended June 30, 2014
Wastewater Fund Transit Fund Totals
Cash Flows From Investing Activities:
Interest income 90,929$ (1,396)$ 89,533$ 44,513$
Principal loaned on due to/ due from 48,638 - 48,638 -
Net cash provided (used) by investing
activities 139,567 (1,396) 138,171 44,513
Net increase (decrease) in cash and cash
equivalents (1,138,868) - (1,138,868) (1,774,616)
Cash and cash equivalents - June 30, 2013 10,297,082 - 10,297,082 5,788,665
Cash and cash equivalents - June 30, 2014 9,158,214$ -$ 9,158,214$ 4,014,049$
Operating income (loss)214,628$ (581,886)$ (367,258)$ (1,057,496)$
Depreciation expense 679,374 110,448 789,822 1,386,837
Change in assets and liabilities:
Receivables, net (75,466) (47,741) (123,207) 1,800
Prepaid expenses - - - 343
Accounts payable (488,474) (24,756) (513,230) 40,712
Accrued salaries and benefits 2,096 (425) 1,671 6,024
Other payables 4,642 1,745 6,387 -
Compensated absences 2,696 - 2,696 3,655
Net cash provided (used) by operating activities 339,496$ (542,615)$ (203,119)$ 381,875$
Internal Service
Funds
Adjustments to reconcile operating income (loss) to
net cash provided (used) by operating activities:
Reconciliation of operating income (loss) to net
cash provided (used) by operating activities:
Enterprise Funds
The notes to the basic financial statements are an integral part of this statement.
27
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
PRIVATE PURPOSE TRUST FUNDS
STATEMENT OF FIDUCIARY NET POSITION
June 30, 2014
Successor Agency to the
Community
Redevelopment Agency
of Atascadero
Housing Successor
Agency to the Community
Redevelopment Agency
of Atascadero Totals
ASSETS
Cash and investments 2,325,723$ -$ 2,325,723$
Restricted cash and investments:
859,660 - 859,660
Receivables:
Accrued interest 2,607 - 2,607
Other receivables 5,350 - 5,350
Notes receivable - 200,000 200,000
Due from Successor Agency - 1,335,322 1,335,322
Capital assets:
Non-depreciable:
Land 413,791 - 413,791
Depreciable:
Structures and improvements 2,369,216 - 2,369,216
Accumulated depreciation (125,938) - (125,938)
Total assets 5,850,409 1,535,322 7,385,731
LIABILITIES
Accounts payable 2,811 - 2,811
Interest payable 362,227 - 362,227
Due to Successor Agency Housing Fund 1,335,322 - 1,335,322
Loans payable to City of Atascadero 1,375,175 - 1,375,175
Premium on Bonds Payable 34,197 - 34,197
2004 Bonds Payable 11,015,000 - 11,015,000
16,010,000 - 16,010,000
Total liabilities 30,134,732 - 30,134,732
NET POSITION
Held in trust for taxing agencies (24,284,323)$ 1,535,322$ (22,749,001)$
Successor Agency to the Atascadero Community
Redevelopment Agency
Cash with fiscal agent
2010 Bond Reimbursement Agreement Payable
to City of Atascadero
The notes to the basic financial statements are an integral part of this statement.
28
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
PRIVATE PURPOSE TRUST FUNDS
STATEMENT OF CHANGES IN FIDUCIARY NET POSITION
For the Fiscal Year Ended June 30, 2014
Successor Agency to the
Community
Redevelopment Agency
of Atascadero
Housing Successor
Agency to the Community
Redevelopment Agency
of Atascadero Totals
Additions
Contributions:
RPTTF Distributions 1,587,496$ -$ 1,587,496$
Investment earnings:
Rental income 62,266 - 62,266
Interest 32,589 - 32,589
Total additions 1,682,351 - 1,682,351
Deductions
Payment on outstanding services contracts 2,300 - 2,300
Asset maintenance costs 20,949 - 20,949
Administrative costs 250,000 - 250,000
2004 Bond Interest Expense 524,325 - 524,325
2010 Bond Reimbursement Interest Expense 769,122 - 769,122
Depreciation expense 82,336 - 82,336
Loss on Sale of Assets 2,627,853 - 2,627,853
Total deductions 4,276,885 - 4,276,885
Change in net position (2,594,534) - (2,594,534)
Net position - June 30, 2013, as previously reported (21,424,444) 1,535,322 (19,889,122)
Prior period adjustment - change in accounting principle (265,345) - (265,345)
Net position - June 30, 2013 (21,689,789) 1,535,322 (20,154,467)
Net position - June 30, 2014 (24,284,323)$ 1,535,322$ (22,749,001)$
The notes to the basic financial statements are an integral part of this statement.
29
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
NOTES TO THE BASIC FINANCIAL STATEMENTS
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
30
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
A. Reporting Entity
The accompanying basic financial statements present the financial activity of the City, which is the primary government . The reporting entity is the City of
Atascadero. There are no component units included in this report which meet the reporting entity definition criteria of GASB Statement No. 14, The
Financial Reporting Entity, as amended by GASB Statement No. 39 and GASB Statement No. 61.
B. Basis of Presentation
The City’s basic financial statements are prepared in conformity with accounting principles generally accepted in the United States of America. The
Governmental Accounting Standards Board is the acknowledged standard-setting body for establishing accounting and financial reporting standards
followed by governmental entities in the United States of America.
The accompanying financial statements are presented on the basis set forth in Governmental Accounting St andards Board Statements No. 34, Basic
Financial Statements—Management’s Discussion and Analysis—for State and Local Governments; No. 36, Recipient Reporting for Certain Non-Exchange
Revenues, an Amendment of GASB Statement No. 33 ; No. 37, Basic Financial Statements—and Management’s Discussion and Analysis—for State and
Local Government – Omnibus; and No. 38, Certain Financial Statement Note Disclosures.
These statements require that the financial statements described on the following page be presented.
Government-Wide and Fund Financial Statements
The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on the primary government
and its component unit. For the most part, the effect of interfund activity has been removed from these statements. Governmental activities, which
normally are supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely to a significant extent
on fees and charges for support.
The statement of activities demonstrates the degree to which the direct expenses of a given function or segment are offset by program revenues. Direct
expenses are those that are clearly identifiable with a specific function or segment . Program revenues include 1) charges to customers or applicants who
purchase, use or directly benefit from goods, services, or privileges provided by a given function or segment and 2) grants and contributions that are
restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other items not properly included among
program revenues are reported instead as general revenues.
Separate financial statements are provided for governmental funds , proprietary funds, and private purpose trust funds. Major individual governmental
funds and major individual enterprise funds are reported as separate columns in the fund financial statements.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
31
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
C. Major Funds
GASB Statement No. 34 defines major funds and requires that the City’s major governmental funds are identified and presented separately in the fund
financial statements. All other funds, called nonmajor funds, are combined and reported in a single column, regardless of their f und-type.
Major funds are defined as funds that have either assets, liabilities, revenues, or expenditures/expenses equal to ten percen t of their fund-type total. The
General Fund is always a major fund. The City may also select other funds it believes sh ould be presented as major funds.
The City reported the following major governmental funds in the accompanying financial statements:
General Fund
This fund accounts for all financial resources except those to be accounted for in another fund. It is the general operating fund of the City.
In Lieu Low/Moderate Income Housing Fund
This Fund accounts for fees that are paid by develope rs in lieu of building inclusionary (affordable) housing. These fees are expended on programs that
provide and/or promote affordable housing within the City.
Circulation System Fees Fund
This Fund accounts for fees that are paid by developers to fund the creation of more lane miles or more efficient lane miles with which to accommodate
the additional trips created by new development. These fees are expended for the construction of new/increased/improved roadway and bridge facilities.
Fire Aerial Vehicle Impact Fee Fund
This fund accounts for impact fees imposed on commercial and multi-family residential developments for the purpose of contributing toward the purchase
of the Aerial Fire Truck (Ladder Truck). The City purchased this truck in fiscal year 2007-2008 using future revenues.
Historic City Hall Rehabilitation Fund
This fund accounts for the rehabilitation of the historic City Hall building.
2010 Bond Debt Service Fund
This fund accounts for the debt service payments for the Lease Revenue Bonds that were issued on September 1, 2010.
The City reported the following major proprietary funds:
Wastewater Fund
This fund accounts for the activities associated with the City’s sewer plant operation and maintenance.
Transit Fund
This fund accounts for the activities associated with the operation and maintenance of transportation services, such as and including the Dial-a-Ride
Transit System.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
32
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
D. Internal Service Funds
The Internal Service Funds are used to account for services rendered on a cost-reimbursement basis within the City. The City maintains three internal
service funds: the Technology Fund, the Vehicle and Equipment Replacement Fund, and the Building Maintenance and Replacement Fund. The Internal
Service Funds are presented in total on the Proprietary Funds financial statements. They are included in the governmental activities in the government-
wide financial statements since they represent internal governmental activities.
E. Private Purpose Trust Funds
Private Purpose Trust Funds are used to account for monies held on behalf of others in a fiduciary capacity. The City uses private purpose trust funds to
account for the Successor Agency of the Former Redevelopment Agency which was dissolved on January 31, 2012, pursuant to stat e law. All resources
of the funds are used to support specified activities.
F. Basis of Accounting
The government-wide, proprietary fund financial statements, and the private purpose trust fund financial statements are reported using the economic
resources measurement focus and the full accrual basis of accounting. Revenues are recorded when earned and expenses are recorded at the time
liabilities are incurred, regardless of when the related cash flows take place.
Private-sector standards of accounting and financial reporting issued prior to December 1, 1989 generally are followed in both govern ment-wide,
proprietary fund financial statements, and the private purpose trust fund financial statements to the extent that those standards do not conflict with or
contradict guidance of the Governmental Accounting Standards Board. Governments have the option of following subsequent private-sector guidance for
their business-type activities and proprietary funds, subject to this same limitation. The City has elected not to follow subsequent private-sector guidance.
Governmental funds are reported using the current financial resources measurement focus and the modified accrual basis of acc ounting. Under this
method, revenues are recognized when measurable and available. The City considers all revenues reported in the governmental funds to be available if
the revenues are collected within sixty days after fiscal year end. Expenditures are recorded when the related fund liability is incurred, except for principal
and interest on long-term debt, claims and judgments, and compensated absences, which are recognized as expenditures to the extent that they have
matured. Capital asset acquisitions are reported as expenditures in governm ental funds. Proceeds of long-term debt and acquisitions under capital leases
are reported as other financing sources.
Proprietary funds distinguish operating revenues from nonoperating revenues. Operating revenues generally result from providing services in connection
with a proprietary fund’s principal ongoing operations. The principal operating revenues of the Wastewater Fund and the Trans it Fund are charges to
customers for services. The Wastewater Fund also recognizes as operating revenue the installation, extension and connections fees intended to recover
the cost of connecting new customers to the system. All revenues not meeting these definitions are reported as non-operating revenues, including non-
exchange transactions such as local transportation funds and federal Section 5307 revenues.
Non-exchange transactions, in which the City gives or receives value without directly receiving or giving equal value in exchange , include property taxes,
grants, entitlements, and donations. On an accrual basis, revenues from property taxes are recognized in the fiscal year for which the taxes are levied.
Revenue from grants, entitlements, and donations is recognized in the fiscal year in which all eligibility requirements have been satisfied.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
33
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
F. Basis of Accounting (continued)
Other revenues susceptible to accrual include other taxes, intergovernmental revenues, interest, and charges for services.
Grant revenues are recognized in the fiscal year in which all eligibility requirements are met. Under the terms of grant agreements, the City may fund
certain programs with a combination of cost-reimbursement grants, categorical block grants, and general revenues. Thus, both restricted and unrestricted
net assets may be available to finance program expenditures/expenses. The City’s policy is to first apply restricted grant resources to such programs,
followed by general revenues if necessary.
G. Compensated Absences
In compliance with Governmental Accounting Standards Board Statement No. 16, the City has established a liability for accrued vacation, other leave and
certain sick leave in relevant funds. For governmental funds, the current liability appears in the respective funds. All vacation, sick and other leave paid is
accrued when incurred in the government-wide and proprietary funds financial statements. This liability is set up for the current employees at the current
rates of pay. If vacation and certain other leave are not used by the employee during the term of employment, compensation is payable to the employee at
the time of retirement or termination. Such compensation is calculated at the employee’s prevailing rate at the time of retirement or termination. Each fiscal
year, an adjustment to the liability is made based on pay rate changes and adjustments for the current portion. The General Fund is primarily responsible
for the repayment of the governmental portion of compensated absences.
H. Property Taxes
California Constitution Article XIII A limits the combined property tax rate to one percent of a property’s assessed valuatio n. Additional taxes may be
imposed with voter approval. Assessed value is calculated at one hundred percent of a property’s fair value, as defined by Article XIII A, and may be
increased no more than two percent per year unless a change in ownership or new construction occurs. The state legislature has determined the method
of distributing the one percent tax levy among the various taxing jurisdictions.
Property tax revenues are recognized in the fiscal year for which taxes have been levied, and collected within sixty days of fiscal year end. Property taxes
are billed and collected as follows:
Secured Unsecured
Valuation/Lien Date(s) January 1 January 1
Levy Date(s) July 1 July 1
Due Date(s) November 1 (50%) August 1
February 1 (50%)
Delinquency Date(s) December 10 (Nov.) August 31
April 10 (Feb.)
The City adopted an alternative method of property tax distribution (the “Teeter Plan”). Under this method, the City receives 100% of its secured property
tax levied in exchange for foregoing any interest and penalties collected on delinquent taxes. The City receives payments as a series of advances made
by the County throughout the fiscal year. The secured property tax levy is recognized as revenue upon receipt including the final payment, which generally
is received within 60 days after the fiscal year end.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
34
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
I. Capital Assets Additions and Retirements
Capital assets are valued at historical cost or estimated historical cost if actual historical cost is not available. Contribu ted capital assets are valued at their
estimated fair value on the date contributed. The City’s policy is to capitalize all capital assets with costs exceeding a minimum of $2,500, and with useful
lives exceeding one year. In the Technology Fund, the City uses a lower cost threshold to capitalize assets due to the nature of the assets .
With the implementation of GASB Statement No. 34, the City has recorded all its public domain (infrastructure) capital assets, which include roads,
bridges, curbs and gutters, streets and sidewalks, drainage systems, and lighting systems.
The City’s collection of zoo animals is not capitalized. Th e collection of animals is held for public education purposes, is well cared for, and there is a City
commitment to continue the collection.
The purpose of depreciation is to spread the cost of capital assets equitably among all users over the life of these assets. The amount charged to
depreciation expense each fiscal year represents that fiscal year’s pro rata share of the cost of capital assets. GASB Statem ent No. 34 requires that all
capital assets with limited useful lives be depreciated over their estimated useful lives. Depreciation is provided using the straight line method which
means the cost of the asset is divided by its expected useful life in years and the result is charged to expense each fiscal year until the asset is fully
depreciated. The City has assigned the useful lives listed below to capital assets.
Structures and Improvements 3-100 years
Equipment 3-25 years
Infrastructure 15-100 years
J. Estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of A merica, as prescribed by the
GASB and the American Institute of Certified Public Accountants, requires management to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of
revenues and expenditures/expenses during the reporting period. Actual results could differ from those estimates.
K. Cash and Cash Equivalents
For purposes of the statement of cash flows, the City considers all highly liquid investments with a maturity of three months or less when purchased to be
cash equivalents. The Proprietary Funds’ “deposits” in the Citywide cash management pool are, in subs tance, demand deposits and are, therefore,
considered cash equivalents for purposes of the statement of cash flows.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
35
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
L. Performance Bonds
The City receives performance bonds from developers to ensure compliance and completion of projects that affect the City’s infrastructure. These
commitments may be in the form of cash, certificates of deposit in the City’s name, letters of credit, or surety bonds. Upon receipt, these deposits are
recorded both as an asset and a liability. For purposes of simplifying the balance sheet, the performance bonds asset account in the amoun t of
$18,862,768 was netted against the liability account of $18,916,988 in fiscal year 2014. The net balance in the performance bond deposits liability account
at June 30, 2014, was $54,220 and is included in the “Deposits” liability reported in the basic financial statements.
M. Short-Term Debt
The City has no short-term debt.
N. Long-Term Contracts
The City uses the percentage-of-completion method of accounting for long-term contracts, recognizing the pro rata portion of the contract in the accounting
period covered by the contract.
O. Fund Balance
Categories of Fund Balance
In accordance with Government Accounting Standards Board Statement #54, the City classifies fund balances as follows:
Non-spendable- includes fund balance amounts that cannot be spent either because it is not in spendable form or because of legal or contract ual
constraints
Restricted- includes fund balance amounts that are constrained for specific purposes which are externally imposed by providers, such as creditors
or amounts constrained due to constitutional provisions or enabling legislation
Committed- includes amounts that can only be used for specific purposes pursuant to constraints imposed by the City Council.
Assigned- includes fund balance amounts that are constrained for specific purposes by the City through formal action of the City Counci l and does
not lapse at fiscal year end
Unassigned- includes positive fund balance within the General Fund which has not been classified within the above mentioned categories an d
negative fund balances in other governmental funds
Non-Spendable Fund Balance
The non-spendable fund balance of $17,420,747 is comprised of amounts reported in non-spendable form and/or not in cash form such as prepaid items,
long-term notes receivable and long-term advances receivable.
Restricted Fund Balance
The restricted fund balance of $16,645,547 is comprised of $5,185,964 for affordable housing, $1,424,628 restricted for debt service, and $10,034,955
restricted for other Capital Project Funds and Special Revenue Funds.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
36
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
O. Fund Balance (continued)
Assigned Fund Balance
The assigned fund balance of $327,927 is held in the Capital Projects Fund for major road rehabilitation projects. These fun ds remain from the City
Council’s action to move funds annually in fiscal years 2001/20 02 through 2007/2008 for these projects.
Use of Fund Balance Order
The City budgets and expends funds for each project or expense based on specific identified funding sources that are available now and in the future.
This means that, at times, the City may use unrestricted funds first for a particular project, leaving the eligible restricted funds available for a spe cific future
project; however, it is the City’s general policy to use restricted amounts first when both restricted and unrestrict ed amounts are available. Similarly, the
City would typically first use committed, then assigned and lastly unassigned amounts of unrestricted fund balance when expen ditures are made.
Minimum Fund Balance Policy
The City adopted a formal fund balance policy stating that as part of the biennial budget process, fund balance shall be evaluated to determine the prudent
level of reserves based on eleven key measurements. The policy further states that except in the case of natural or fiscal e mergencies, the City’s general
fund balance shall not fall below 20% of General Fund expenditures. The General Fund reserve met this criteria for fiscal year 2013-2014.
Major Special Revenue and Capital Projects Funds
The purpose for each major fund may be found in Note 1(C); however, each major special revenue and capital projects fund and its revenue source is
listed below:
Major Special Revenue and Capital Projects Funds Revenue Source
In Lieu Low/Moderate Income Housing Fund New Developments
Circulation System Fees Fund Development Impact Fees
Fire Aerial Vehicle Impact Fund Development Impact Fees
Historic City Hall Rehabilitation Fund Federal and State Grants
2010 Bond Debt Service Fund Successor Agency Tax Increment
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
37
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
O. Fund Balance (continued)
Detailed Schedule of Fund Balances
A detailed schedule of fund balances is provided below:
General
Fund
In-Lieu Low
Income
Housing
Fund
Circulation
System
Fees Fund
Fire Aerial
Vehicle Impact
Fees Fund
Historic City Hall
Rehabilitation
Fund
2010 Bond
Debt Service
Fund Totals
FUND BALANCES:
Nonspendable
Prepaid Items 34,842$ -$ -$ -$ -$ -$ 730$ 35,572$
Advances Receivable 1,375,175 - - 16,010,000 - 17,385,175
Restricted
Public Safety - - - - - - 907,161 907,161
Streets, Roads and Drainage - - 1,066,427 - - - 3,896,402 4,962,829
Parks, Open Space & Recreation - - - - - - 2,308,753 2,308,753
- - - - - - 1,634,812 1,634,812
Affordable Housing - 5,185,964 - - - - 5,185,964
Debt Service - - - - - 1,424,628 221,400 1,646,028
Assigned
Streets, Roads and Drainage - - - - - - 327,927 327,927
Unassigned 7,210,495 - - (860,324) (487,952) - (252,414) 5,609,805
Total Fund Balances 8,620,512$ 5,185,964$ 1,066,427$ (860,324)$ (487,952)$ 17,434,628$ 9,044,771$ 40,004,026$
Other
NonMajor
Governmental
Funds
Disclosure of Fund Balance Reported on Balance Sheet
June 30, 2014
Community Development and
Blight Elimination
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
38
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
P. New Accounting Pronouncements
Governmental Accounting Standards Board Statement No. 65
For the fiscal year ended June 30, 2014, the City implemented Governmental Accounting Standards Board (GASB) Statement No. 65, “Items Previously
Reported as Assets and Liabilities.” This Statement is effective for periods beginning after December 15, 201 2. This Statement establishes accounting and
financial reporting standards that reclassify, as deferred outflows of resources or deferred inflows of resources, certain items that were previously reported
as assets and liabilities and recognizes, as outflows of resources or inflows of resources, certain items that were previously r eported as assets and
liabilities. Implementation of the GASB Statement No. 65 and the impact on the City’s financial statements can be found in Note 14.
Governmental Accounting Standards Board Statement No. 66
For the fiscal year ended June 30, 2014, the City implemented Governmental Accounting Standards Board (GASB) Statement No. 6 6 “Technical
Corrections – 2012.” This statement is effective for periods beginning after December 15, 2012. The objective of this Statement is to improve financial
reporting by resolving conflicting guidance that resulted from GASB Statement No. 54 “Fund Balance Reporting and Governmental Fund Type Definitions”,
and GASB Statement No. 62 “Codification of Accounting and Financial Reporting Guidance Contained in Pre -November 30, 1989 FASB and AICPA
Pronouncements.” Since the release of these Statements, questions have arisen concerning differences between the provisions in Statement No. 5 4 and
Statement No. 10, Accounting and Financial Reporting for Risk Financing and Related Insurance Issues , regarding the reporting of risk financing activities.
Questions also have arisen about differences between Statement No. 62 and Statements No. 13, Accounting for Operating Leases with Scheduled Rent
Increases, regarding the reporting of certain operating lease transactions, and No. 48, Sales and Pledges of Receivables and Future Revenues and Intra-
Equity Transfers of Assets and Future Revenues , concerning the reporting of the acquisition of a loan or a group of loans and the recognition of servicing
fees related to mortgage loans that are sold. Implementation of the GASB Statement No. 66 did not have an impact on the City’s financia l statements for
the fiscal year ended June 30, 2014.
Governmental Accounting Standards Board Statement No. 67
For the fiscal year ended June 30, 2014, the City implemented Governmental Accounting Standards Board (GASB) Statement No. 67 “Financial reporting
for Pension Plans – an Amendment of GASB Statement No. 25.” This Statement is effective for periods beginning after June 15, 2013. The objective of
this Statement is to improve financial reporting by state and local governmental pension plans. This Statement replaces the requirements of Statements
No. 25, “Financial Reporting for Defined Benefit Pension Plans and Note Disclosures for Defined Contribution Plans” and No. 50 “Pension Disclosures” as
they relate to pension plans that are administered through trusts or equivalent arrangements (hereafter jointly referred to a s trusts) that meet certain
criteria. The requirements of Statements No. 25 and No. 50 remain applicable to pension plans that are not administered through trusts covered by the
scope of this Statement and to defined contribution plans that provide postemployment benefits other than pensions. Implem entation of the GASB
Statement No. 67 did not have an impact on the City’s financial statements for the fiscal year ended June 30, 2014.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
39
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
P. New Accounting Pronouncements (continued)
Governmental Accounting Standards Board Statement No. 70
For the fiscal year ended June 30, 2014, the City implemented Governmental Accounting Standards Board (GASB) Statement No. 70 , “Accounting and
Financial Reporting for Non-exchange Financial Guarantees.” This Statement is effective for periods beginning aft er June 15, 2013. The objective of this
Statement is to improve the recognition, measurement, and disclosure guidance for state and local governments that have exten ded or received financial
guarantees that are non-exchange transactions. Implementation of the GASB Statement No. 70 did not have an impact on the City’s financial statements
for the fiscal year ended June 30, 2014.
NOTE 2 – STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY
A. Budgetary Information
Biennial budgets are adopted on a basis consistent with accounting principles generally accepted in the United States of America for all governmental
funds. After adoption of the final budget, transfers of appropriations within a general fund department, or within other funds, can be made by the City
Manager or her appointee. Budget modifications between funds, and increases or decreases to a fund’s overall budget, must be approved by the City
Council. Numerous properly authorized amendments were made during the fiscal year.
Budgetary control is enhanced by integrating the budget into the general ledger accounts. Encumbrance accounting is employed (e.g., purchase orders) to
avoid expenditures over budget. Encumbrances outstanding at fiscal year end are automatically re-budgeted in the following fiscal year.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
40
NOTE 2 – STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY (continued)
B. Deficit Fund Balances
Deficit fund balances in the following funds exist due to large purchase s incurred prior to the receipt of the long-term reimbursing revenues:
Deficit Fund
Balances
Major Governmental Funds
Historic City Hall Rehabilitation Fund (487,952)$
Fire Aerial Vehicle Impact Fees Fund (860,324)
Nonmajor Governmental Funds
General Government Facilities Fees Fund (231,796)
Law Enforcement Facilities Fees Fund (20,618)
C. Excess of Expenditures over Appropriations
Excess
Expenditures
Nonmajor Governmental Fund
Blight Elimination Projects Fund (1,663)$
The City budgeted $42,880 in fiscal year 2013-2014 in the Blight Elimination Projects Fund for the costs to place the Maiden Statue in the Sunken
Gardens. However, costs to place the historic statue exceeded the amount budgeted by $1,663.
NOTE 3 – CASH AND INVESTMENTS
Cash balances from all funds are combined and invested to the extent possible, pursuant to the Investment Policy and Guidelin es approved by the City Council, as
well as State Government Code. The earnings from these investments are allocated monthly to each fund, based on an average of monthly opening and closing
balances of cash and investments. Investments are stated at fair value.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
41
NOTE 3 – CASH AND INVESTMENTS (continued)
Cash and investments at June 30, 2014, consisted of the following:
Pooled Cash and Investments
Cash in bank and on hand 291,027$
Investments 18,150,524
Local Agency Investment Fund (State Pool)12,846,765
Total Pooled Cash and Investments 31,288,316
Funds with Fiscal Agents:
United States Treasury Money Fund 2,270,938
Total Funds with Fiscal Agents 2,270,938
Total Cash and Investments 33,559,254$
Cash and investments are reflected in the accompanying financial statements as follows:
Governmental
Activities
Business-
Type
Activities
Private-Purpose
Trust Funds Total
Cash and investments 19,670,656$ 9,158,214$ 2,325,723$ 31,154,593$
Cash and investments held by fiscal agents 1,411,278 - 859,660 2,270,938
Restricted certificates of deposit 133,723 - - 133,723
Total Cash and Investments 21,215,657$ 9,158,214$ 3,185,383$ 33,559,254$
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
42
NOTE 3 – CASH AND INVESTMENTS (continued)
A. Deposits with Financial Institutions
For custodial credit risk associated with deposits, the City follows the California Government Code, which requires California financial institutions to secure
the City’s deposits by pledging government securities as collateral. The fair value of the pledged securities must equal 110% of the City’s deposits.
California law also allows financial institutions to secure City deposits by pledging first trust deed mortgage notes equal t o 150% of the City’s deposits.
At fiscal year end, the City’s bank account balance was $558,162. The first $250,000 was insured by federal depository insurance, and the remainder was
110% collateralized. Certificates of Deposit totaling $7,226,072 are fully insured.
B. State Investment Pool
The fair value of the City’s position in the State LAIF pool is the same as the value of the pool shares. The State LAIF poo l credit quality is unrated.
LAIF is overseen by the Local Agency Investment Advisory Board, which consists of five members, in accordance with State statute. The State
Treasurer’s Office audits the fund annually. Separate financial statements for LAIF can be obtained by writing Local Agency Investment Fund, Post Office
Box 942809, Sacramento, CA 94209-0001.
C. Authorized Investments
The City’s Investment Policy lists the following as authorized investments:
Local Agency Investment Fund (LAIF)
U.S. Government Obligations
Bankers’ Acceptances
Commercial Paper
Certificates of Deposit and Passbook Savings Accounts
Money Market Funds
D. Marking Investments to Fair Value (GASB Statement No. 31)
In fiscal year 1997/98, the City adopted Governmental Accounting Standards Board Statement No. 31, which requires that the Ci ty’s investments be
carried at fair value instead of cost. Under GASB Statement No. 31, the City must adjust the carrying value of its investment s to reflect their fair value at
each fiscal year end, and it must include the effects of these adjustments in income for that fis cal year.
GASB Statement No. 31 applies to all City investments, even if held to maturity and redeemed at full face value. Since the Ci ty’s policy is to hold all
investments to maturity, the fair value adjustments required by GASB Statement No. 31 result in accounti ng gains or losses (called “recognized” gains or
losses) which do not reflect actual sales of the investments (called “realized” gains or losses). Thus, recognized gains or l osses on an investment
purchased at par will now reflect changes in its value at e ach succeeding fiscal year end, but these recognized gains or losses will net to zero if the
investment is held to maturity. By following the requirements of GASB Statement No. 31, the City is reporting the amount of resources which would
actually have been available if it had been required to liquidate all of its investments at any fiscal year end.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
43
NOTE 3 – CASH AND INVESTMENTS (continued)
E. Investments
Investments for the City are summarized below:
Investments Fair Value
Percent of
Portfolio
Government Securities 10,924,452$ 35%
Certificates of Deposit 7,226,072 23%
Local Agency Investment Fund (State Pool)12,846,765 42%
Total Investments Managed by City 30,997,289$ 100%
Investments Held by Fiscal Agents
United States Treasury Money Fund 2,270,938$ 100%
Total Investments Held by Fiscal Agents 2,270,938$ 100%
Fair Value On Demand
Within One
Month
One Month
to One Year
One to Five
Years
Six to Ten
Years
Investments
Government Securities 10,924,452$ -$ -$ -$ 10,924,452$ -$
Certificates of Deposit 7,226,072 - - 998,336 6,094,013 133,723 *
Local Agency Investment Fund (State Pool)12,846,765 12,846,765 - - - -
Total Investments Managed by City 30,997,289$ 12,846,765$ -$ 998,336$ 17,018,465$ 133,723$
Percentage of Portfolio 100%42%0%3%55%0%
* $133,723 in certificates of deposit with a local bank, serving as collateral for the Local Road Improvement Loan Program, approved by Council
June 14, 2005.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
44
NOTE 3 – CASH AND INVESTMENTS (continued)
E. Investments (continued)
Interest Rate Risk. This is the risk that the market value of securities in the portfolio will fall, due to changes in general interest rates. In accordance with its
Investment Policy, the City mitigates interest rate risk by:
Structuring the investment portfolio so that securities mature to meet cash requirements for ongoing operations, thereby avoi ding the need
to sell securities on the open market prior to maturity.
Investing operating funds primarily in shorter-term securities, money market mutual funds, or similar investment pool.
Credit Risk. This is the risk of loss due to the failure of the security issuer or backer. The City mitigates credit risk by:
Limiting investments to the safest types of securities.
Pre-qualifying the financial institutions, broker/dealers, intermediaries, and advisers with which the City will do business .
Diversifying the investment portfolio so that potential losses on individual securities will be minimized.
State law limits investments in commercial paper and corporate bonds to the top two ratings issued by Nationally Recognized Statistical Rating
Organizations (NRSROs). It is the City’s policy to limit its investments in these investment types to the top rating issued by NRSROs. The Ci ty does not
hold any commercial paper or corporate bonds. Government securities held by the City are rated AAA, the top rating issued by NRSROs. The City’s
investment in the State LAIF pool is unrated, as are the investments in Certificates of Deposit.
Fair Value AAA Not Rated
Investments
Government Securities 10,924,452$ 10,924,452$ -$
Certificates of Deposit 7,226,072 - 7,226,072
Local Agency Investment Fund (State Pool)12,846,765 - 12,846,765
Total Investments Managed by City 30,997,289$ 10,924,452$ 20,072,837$
Rating as of June 30, 2014
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
45
NOTE 3 – CASH AND INVESTMENTS (continued)
E. Investments (continued)
Custodial Credit Risk. Custodial credit risk is the risk that in the event of failure of the counterparty, the government will not be able to recover the value of
its investments or collateral securities that are in the possession of an outside party. The City’s investments in government securities are held in trust by
Union Bank and are exposed to custodial credit risk because these investments are uninsured and collateralized with securities held by the Union Bank’s
trust department or agency, but not in the City’s name. The amounts held under this custodial arrangement are not limited by the City’s Investment Policy.
Concentration Credit Risk. The City’s Investment Policy provides guidelines (by type of investment vehicle that limits either the dollar amount, the percent
of the portfolio or the maturity term) for diversifying the investment portfolio so that potential losses on individual secur ities will be minimized. The City’s
Investment Policy outlines the following criteria related to portfolio diversification:
No more than forty percent (40%) of the City’s portfolio shall be invested in U.S. government obligations, U.S. government agency
obligations, and U.S. government instrumentality obligations, which have a liquid market with a readily determinable market value.
Up to forty percent (40%) of the City’s portfolio may be invested in bankers’ acceptances that are defined as bills of exchange or time
drafts, drawn on and accepted by a commercial bank, which are eligible for purchase by the Federal Reserve System, although n o more
than thirty percent (30%) of the portfolio may be invested in bankers’ acceptances with any one commercial bank. Additionally, the
maturity periods cannot exceed 180 days.
A maximum of twenty-five percent (25%) of the City’s portfolio may be invested in highest tier (e.g., A-1, P-1, F-1 or D-1 or higher)
commercial paper as rated by Moody’s or Standard and Poor’s rating service. Issuing corporations must be organized and operating in the
United States, have $500 million total assets, and have at least an “A” rating (by Moody’s or Standard and Poor’s) on debt ot her than
commercial paper. The maturity period cannot exceed 270 days . Purchases of eligible commercial paper may not exceed 10% of the
outstanding paper of an issuing corporation.
There is no limit as to the amount of the investment portfolio that may be deposited in certificates of deposit or passbook savings
accounts. The minimum requirements for certificate of deposit investments shall be:
o Investments and accrued interest shall never exceed the FDIC insurance limit in any one institution.
o Qualified institutions must have a minimum equity ratio of 6% and a minimum capitalization of $10,000,000.
Shares of beneficial interest issued by diversified management companies that are money market funds registered with the Secur ities and
Exchange Commission under the Investment Company Act of 1940 (15 U.S.C. Sec 80a-l et seq.) shall not exceed twenty percent (20%) of
the agency's surplus money that may be invested pursuant to the City’s Investment Policy.
F. Funds with Fiscal Agents
The City had $1,411,278 in cash and investments as of June 30, 2014, held by fiscal agents pledged for the payment or security of the 2010 Lease
Revenue Bonds. There was an additional $859,660 held by fiscal agents for the 2004 Redevelopment Agency Tax Allocation Bonds in the Successor
Agency to the Community Redevelopment Agency of Atascadero Private Purpose Trust Fund. The California Government Code provides that these
monies, in the absence of specific statutory provisions governing the issuance of bonds, certificates, or leases, may be inve sted in accordance with the
ordinance, resolutions, or indentures specifying the types of investments its fiscal agents may make.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
46
NOTE 4 – ADVANCES RECEIVABLE – SUCCESSOR AGENCY
Receivable Fund Payable Fund Amount
General Fund Successor Agency General Fund 1,375,175$
2010 Bond Debt Service Fund Successor Agency General Fund 16,010,000
Total 17,385,175$
Advances receivable of $1,375,175 consists of three separate loans made by the City General Fund to the former Redevelopment Agency. These funds are now
liabilities of the Successor Agency. AB 1484 sets forth the criteria for repayment of these loans. S ee Note 15C – Successor Agency Trust for Assets of Former
Redevelopment Agency, Loans Payable, for additional information.
Advances receivable of $16,010,000 consists of a reimbursement agreement with the City for bond debt service. In September o f 2010, the City issued bonds on
behalf of the former Redevelopment Agency and entered into a reimbursement agreement at that time whereby the City advanced the former Agency the proceeds
of the bond and the former Agency was required to make annual payments to t he City in the amount of the debt service on the bonds. With the dissolution of
redevelopment, this is now a debt of the Successor Agency and the Successor Agency will continue to make the required payment s. See Note 15D – Successor
Agency Trust for Assets of Former Redevelopment Agency, Bond Reimbursement Agreement Payable, for additional information. This arrangement meets the
criteria of ABX1 26, Section 34171(d)(G)(2):
Written agreement entered into
o At the time of issuance, but no later than December 31, 2010, of indebtedness obligations;
o Solely for the purpose of securing or repaying those indebtedness obligations
Section 34171(e) defines “indebtedness obligation”: bonds, notes, certificates of participation, or other evidence of indebtedness, issued or delivered by
the redevelopment agency, or by a joint exercise of powers authority created by the redevelopment agency, to third -party investors or bondholders to
finance or refinance redevelopment projects undertaken by the redevelo pment agency in compliance with the Community Redevelopment Law.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
47
NOTE 5 – CAPITAL ASSETS
A. Capital Assets Additions and Retirements
Capital assets activity in the Governmental Activities for the fiscal year ended June 30, 2014, was as follows:
Balance
June 30, 2013 Additions Deletions
Transfers
Between
Assets
Balance
June 30, 2014
Governmental Activities
Non-Depreciable Capital Assets
Land 40,795,264$ 60,000$ -$ -$ 40,855,264$
Construction in progress 29,357,438 5,455,312 - (33,254,283) 1,558,467
Total non-depreciable capital assets 70,152,702 5,515,312 - (33,254,283) 42,413,731
Depreciable Capital Assets
Vehicles and equipment 8,620,881 130,311 (181,158) 51,998 8,622,032
Structures and improvements 17,456,374 2,331,225 (2,138,001) 31,763,894 49,413,492
Infrastructure 61,588,154 207,596 - 1,438,391 63,234,141
Total depreciable capital assets 87,665,409 2,669,132 (2,319,159) 33,254,283 121,269,665
Less Accumulated Depreciation (33,709,688) (2,881,628) 2,286,736 - (34,304,580)
Net depreciable capital assets 53,955,721 (212,496) (32,423) 33,254,283 86,965,085
Net governmental capital assets 124,108,423$ 5,302,816$ (32,423)$ -$ 129,378,816$
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
48
NOTE 5 – CAPITAL ASSETS (continued)
A. Capital Assets Additions and Retirements (continued)
Capital assets activity in the Business-Type Activities for the fiscal year ended June 30, 2014, was as follows:
Balance
June 30, 2013 Additions Deletions
Transfers
Between
Assets
Balance
June 30, 2014
Business-Type Activities
Non-Depreciable Capital Assets
Land 442,044$ -$ -$ -$ 442,044$
Construction in progress 1,801,272 1,671,823 - (1,990,273) 1,482,822
Total non-depreciable capital assets 2,243,316 1,671,823 - (1,990,273) 1,924,866
Depreciable Capital Assets
Vehicles and equipment 809,179 - (103,528) - 705,651
Structures and improvements 25,293,306 125,999 - 1,990,273 27,409,578
Total depreciable capital assets 26,102,485 125,999 (103,528) 1,990,273 28,115,229
Less Accumulated Depreciation (12,335,614) (789,822) 55,216 - (13,070,220)
Net depreciable capital assets 13,766,871 (663,823) (48,312) 1,990,273 15,045,009
Net business-type capital assets 16,010,187$ 1,008,000$ (48,312)$ -$ 16,969,875$
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
49
NOTE 5 – CAPITAL ASSETS (continued)
B. Depreciation Allocations
Depreciation expense was charged to functions and programs based on their usage of the related assets. The amounts allocated to each function or
program were as follows:
Governmental Activities:
General government 281,538$
Public safety 380,412
Community development 197,947
Community, recreation & zoo services 321,845
Parks & open space 125,203
Public works 1,574,683
Total Depreciation Expense- Governmental Activities 2,881,628$
Sewer 679,374$
Transit 110,448
Total Depreciation- Business-Type Activities 789,822$
Business-Type Activities:
C. Reversal of Impairment Loss
The San Simeon earthquake that occurred on December 22, 2003 caused extensive damage to the City Hall Administration Building. The building was
unfit for occupancy due to the extent of structural damage. At June 30, 2003, the building had a net book val ue of $2,592,442 and was removed from the
City’s capital assets due to an impairment loss. The loss of the net book value appeared as an extraordinary item in the City’s 2003-2004 Financial
Statements. The building has since undergone rehabilitation and is once again occupied as City H all. It has been added back to the City’s capital assets
with a net book value at June 30, 2014, of $31,174,763. The value of the building is included in structures and improvements in the Building Maintenance
and Replacement Fund in the Internal Service Funds.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
50
NOTE 6 – INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS
A. Interfund Receivables and Payables
Due to/due from other funds consist of short-term interfund loans made for the purposes of cash flows. They are expected to be repaid by the borrowing
fund within one year. The composition of due to/due from balances at June 30, 2014, is as follows:
Receivable Fund Payable Fund Amount
General Fund Nonmajor Governmental Funds 446,722$
General Fund Transit Fund 339,446
General Fund Historic City Hall Rehabilitation Fund 599,570
Nonmajor Governmental Funds Fire Aerial Vehicle Impact Fees Fund 860,324
Nonmajor Governmental Funds Historic City Hall Rehabilitation Fund 1,478,340
Wastewater Fund General Government Facilities Fees Fund 231,796
Total 3,956,198$
B. Interfund Transfers
Interfund transfers were made as follows:
Actual Description
363,600$ Transfer from the Community Facilities District Fund to the General Fund for police, fire and park services
1,080 Transfer from the General Fund to the De Anza Landscape & Lighting Fund for open space maintenance
23,754 Transfer from the Amapoa Tecorida Fees Fund to the Storm Drain Facilities Fees Fund for the 2006 Marchant
Avenue Drainage Project
347 Transfer from the Local Transportation Fund to the Capital Projects Fund for the Atascadero Creek Trail
Enhancement Project
150,000 Transfer from the Law Enforcement Factilities Fees Fund to Supplemental Law Enforcement Services Fund for
the Orbacom Radio System Upgrade Project
538,781$
Interfund Transfers
June 30, 2014
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
51
NOTE 7 – LONG-TERM DEBT
A. Compensated Absences
City employees accumulate earned but unused vacation and certain other leave pay benefits which can be converted to cash at termination of
employment. In the statement of activities, the expenditure is allocated to each function based on usage. The vested benefits payable in accordance with
various collective bargaining agreements at June 30, 2014, total $1,453,633 for governmental activities and $23,526 for business-type activities.
B. 2010 Lease Revenue Bonds
On September 1, 2010, the City of Atascadero issued $16,010,000 in Lease Revenue Bonds for the former Community Redevelopment Agency of
Atascadero. The bonds were issued by the City in order to achieve an overall lower interest rate on the bonds . The bond proceeds were transferred to the
former Redevelopment Agency for use on the Historic City Hall Project and other redevelopment blight elimination projects. These bonds will mature
between fiscal years 2015 and 2041, at interest rates ranging from 3.0% to 5.0%. The Successor Agency will make payments, from tax increment
revenues, to the City in amounts equal to the annual debt service payments on the bonds. The Bonds will then be repaid by th e City using these
revenues.
The following is a summary of principal and interest payments to be made in future fiscal years:
Fiscal Year Ending
June 30,Principal Interest
2015 $ 210,000 $ 761,363
2016 215,000 754,450
2017 225,000 747,313
2018 235,000 743,825
2019 245,000 730,813
2020-2024 1,350,000 3,502,540
2025-2029 1,665,000 3,176,256
2030-2034 2,110,000 2,712,750
2035-2039 6,360,000 1,759,000
2040-2041 3,395,000 171,875
$ 16,010,000 $ 15,060,185
2010 Lease Revenue
Bonds
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
52
NOTE 7 – LONG-TERM DEBT (continued)
C. Changes in Long-Term Liabilities
Long-term liability activity for the fiscal year ended June 30, 2014, was as follows:
Balance
June 30, 2013 Additions Payments
Balance
June 30, 2014
Due Within
One Year
Governmental Activities:
Bonds Payable:
16,010,000$ -$ -$ $ 16,010,000 210,000$
Compensated Absences 1,406,040 910,767 (863,174) 1,453,633 -
PERS Side Fund 3,585,383 254,016 (404,324) 3,435,075 428,947
Other Post Employment Benefits 159,026 - (13,849) 145,177 -
Total Governmental Activities $ 21,160,449 1,164,783$ (1,281,347)$ $ 21,043,885 638,947$
Business-type Activities:
Compensated Absences $ 20,830 $ 26,177 $ (23,481) $ 23,526 -$
Total Business-type Activity $ 20,830 $ 26,177 $ (23,481) $ 23,526 -$
2010 Lease Revenue Bonds
NOTE 8 - EMPLOYEE RETIREMENT BENEFITS
A. Public Employees’ Retirement System
Plan Description
The City of Atascadero’s defined benefit pension plan, California Public Employees’ Retirement System (CalPERS), provides retirement and disability
benefits, annual cost-of-living adjustments, and death benefits to plan members and beneficiaries. The City of Atascadero contributes to a risk pool under
the Public Agency portion of CalPERS, an agent multiple-employer plan administered by CalPERS, which acts as a common investment and
administrative agent for participating public employers within the State of California. A menu of benefit provisions, as well as other requirements, is
established by State statutes with the Public Employees’ Retirement Law. The City selects optional benefit provisions from the benefit menu by contract
with CalPERS and adopts those benefits through local ordinance (other local methods). CalPERS issues a separate comprehensive annual financial
report. Copies of the CalPERS’ annual financial report may be obtained from the CalPERS Fiscal Services Division, Post Office Box 942703, Sacramento,
CA 94229-2703 or on the website at www.calpers.ca.gov.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
53
NOTE 8 - EMPLOYEE RETIREMENT BENEFITS (continued)
A. Public Employees’ Retirement System (continued)
Funding Policy
Benefits vest after five years of service. City employees who retire at the normal retirement age for their benefit plan are entitled to an annual retirement
benefit in an amount equal to a fixed percentage of their highest annual salary formula as determ ined by the benefit program they participate in. The City
maintains three retirement benefit levels which are described below by the level of benefits that are provided to employees.
The first tier benefit program , or “classic” plan, includes members that were eligible City employees prior to July 1, 2012. The member contribution rate for
miscellaneous members and non-sworn safety members was 8% of their annual covered salary, of which the City contributed 3.3% (of the 8%) on the
employee’s behalf during fiscal year 2013-2014. The member contribution rate for sworn safety members was 9%, of which the City contributed 4.3% (of
the 9%) during the fiscal year. Effective July 12, 2014, all safety members will pay the full employee contri bution. Miscellaneous and non-sworn safety
members are provided benefits pursuant to the 2.5% @ 55 benefit formula. Sworn safety members are provided benefits pursuant to the 3% @ 50 benefit
formula.
The second tier benefit program includes members that became eligible City employees July 1, 2012 through December 31, 2012, or that were existing
CalPERS members hired after December 31, 2012. The member contribution rate for the miscellaneous and non-sworn safety members in Tier 2 was
7%, of which the City contributed 3.3% (of the 7%) on the employee’s behalf during fiscal year 2013-2014. The member contribution rate for sworn safety
members was 9%, of which the City contributed 4.3% (of the 9%) during the fiscal year. Effective July 12, 2014, all safety members will pay the full
employee contribution. In Tier 2, miscellaneous and non-sworn safety members are provided benefits pursuant to the 2% @ 55 benefit formula. Sworn
safety members in Tier 2 are provided benefits pursuant to the 3% @ 55 benefit formula.
The third tier benefit program includes members that became eligible City employees January 1, 2013 and later and meet the Ca lPERS definition of a new
member under the Public Employees’ Pension Reform Act (PEPRA). All active members of the Tier 3 benefit program pay 50% of the normal cost rate as
determined by CalPERS. At this tier, m iscellaneous and non-sworn safety members are provided benefits pursuant to the 2% @ 62 benefit formula.
Sworn safety members at this tier are provided benefits pursuant to the 2.7% @ 57 benefit formula.
The City of Atascadero is required to contribute the actuarially determined remaining amounts necessary to fund the benefits for its members. The
actuarial methods and assumptions used are those adopted by the CalPERS Board of Administration. The required employer contribution rate for the
fiscal year 2013-2014 was 18.042% for miscellaneous and non-sworn safety employees and 32.726% for sworn safety employees in the first tier benefit
program. The employer contribution for the second tier program was 11.104% for miscellaneous and non -sworn safety employees and 20.774% for sworn
safety employees. The third tier employer contribution was 6.700% for miscellaneous and non-sworn safety employees and 11.500% for sworn safety
employees.
The contribution requirements of the plan members are established by State statute , and the employer contribution rate is established and may be
amended by CalPERS. The City’s contributions to CalPERS for the fiscal years ending June 30, 2014, 2013, and 2012, were $1,906,560, $1,930,347,
and $1,971,305, respectively, and equal 100% of the required contributions for each year.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
54
NOTE 8 - EMPLOYEE RETIREMENT BENEFITS (continued)
A. Public Employees’ Retirement System (continued)
Public Employees’ Retirement System Side Fund
As of the June 30, 2003, risk valuation, the City’s benefit plans had less than 100 members each and were therefore combined in the CalPERS Risk
Pools. At that time, two side funds were required (one for each of the benefit plans that existed at the time) to be created to account for the differences
between the funded status of the pools and the funded status of the City’s plans, in addition to the existing plans unfunded liability. The side funds are
credited, on an annual basis, with the actuarial investment return assumption which was 7.75% prior to July 1, 2012 and 7.5% after that date. A side fund
liability will cause the City’s required CalPERS employer contribution rate to be increased by the amortization of the side fund. The side fund liability for
the City’s plans as of June 30, 2014 was $3,435,075 and is included with Noncurrent Liabilities in the Government-Wide Statement of Net Position.
Effective with the June 30, 2013, risk valuation, all CalPERS pooled plans were combined into two active pools, one for all miscellaneous groups and one
for all safety groups. The new pools’ unfunded liabilities were allocated to each individual plan based on the plan’s total liability. Beginning wi th fiscal year
2015-2016, the City’s contributions will include payments to the unfunded liabilities in addition to those of the side fund create d in 2003.
Actuarial Assumption Changes
In addition to the changes resulting from PEPRA and the pooling discussed above, the CalPERS Board made the following changes:
On February 19, 2014, the Board adopted relatively modest changes to the current asset allocation that will reduce the expect ed volatility of
returns. The adopted asset allocation continues to support a discount rate assumption of 7.5%.
Effective for fiscal year 2015-2016 rates, CalPERS will employ an amortization and smoothing policy that will pay for all gains and losses over a
fixed 30-year period with increases or decreases in the rate spread directly over a 5-year period.
Effective for fiscal year 2016-2017 rates, demographic assumptions where changes to reflect actual experience in mortality improvements. Any
resulting increase in liability due to the new assumptions will be amortized over a 20-year period with a 5-year ramp-up/down.
B. Defined Contribution Plan
The City offers a defined contribution plan, Nationwide Retirement Solutions, for those employees that are excluded from CalPERS membership due to
part-time or elected status. The plan is approved as an FICA substitute. Members contribute 5% and the City contributes 2.5%. Total employee
contributions for the year were $16,719, and total contributions from the City were $8,360. Nationwide Retirement Solutions is the public employee plan
subsidiary of Nationwide Financial Services, Inc. (NYSE: NFS).
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
55
NOTE 9 – OTHER POST EMPLOYMENT BENEFITS
Plan Description
In addition to the CalPERS pension benefits described above, the City provides post-retirement health benefits for Executive Management (City Council,
City Manager, and Department Heads). The City agreed to reimburse the retiree for retiree an d/or retiree’s dependent health (medical/dental/vision)
insurance premiums, disability insurance, long-term health care or life insurance premiums up to a maximum of $200 per month. The benefit is available
upon retirement from CalPERS or other similar retirement program after age 50, and the employee must have served for eight years with the City. The
benefit extends between the date of retirement and age 65. Currently, there are two people receiving benefits and thirteen other people that may become
eligible for benefits under this program.
Funding Policy
The City accounts for this benefit on a pay-as-you-go basis. Postemployment expenditures are made from the General Fund, which is maintained on the
modified accrual basis of accounting. No funds are set aside to pay for benefits and administrative costs. These expenditures are paid as they come due.
In fiscal year ended June 30, 2014, the City’s total contributions were $4,800.
Annual OPEB Cost and Net OPEB Obligation
The City‘s annual other postemployment benefit (OPEB) cost (expense) is calculated based on the annual required contribution of the employer (ARC).
The City has elected to calculate the ARC and related information using the alternative measurement method permitted by GASB Statement 45 for
employers in plans with fewer than one hundred total plan members. The ARC represents a level of funding that, if paid on an ongoing basis, is projected
to cover normal costs each year and amortize any unfunded actuarial liabilities (or funding excess) over a period not to exceed thirty years.
The following table shows the components of the City’s annual OPEB cost for the current year, the amount actually contributed to the plan, and changes in
the City’s net OPEB obligation for the postemployment healthcare benefits:
Annual required contribution 20,876$
Interest on net OPEB obligation 627
Adjustment to annual required contribution (30,552)
Annual OPEB cost (expense)(9,049)
Contributions made (4,800)
Increase (decrease in net OPEB obligation)(13,849)
Net OPEB obligation, beginning of year 159,026
Net OPEB obligation, end of year 145,177$
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
56
NOTE 9 – OTHER POST EMPLOYMENT BENEFITS (continued)
The City’s annual OPEB cost, the percentage of annual OPEB cost contributed to the plan, and the net OPEB obligation for fiscal years 2012, 2013, and
2014 were as follows:
For Year Ended June 30
Annual OPEB
Cost
% of Annual
OPEB Cost
Contributed
Net OPEB
Obligation
2012 6,363$ 37.7%154,226$
2013 7,800$ 38.5%159,026$
2014 (9,049)$ n/a 145,177$
Funded Status and Funding Progress
As of June 30, 2014, the actuarial accrued liability for benefits was $145,177 all of which was unfunded. The covered payroll (annual payroll of active
employees covered by the plan) was $ 802,548, and the ratio of the unfunded actuarial accrued liability to the covered payroll was 18.1 percent.
The projection of future benefit payments for an ongoing plan involves estimates of the value of reported amounts and assumptions about the probability of
occurrence of events far into the future. Amounts determined regarding the funded status of the plan and the annual required contributions of the employer
are subject to continual revision as actual results are compared with past expectations and new estimates are made about the future. The schedule of
funding progress, presented as required supplementary information following the notes to the financial statements, presents information about the actuarial
value of plan assets and the actuarial accrued liabilities for benefits.
Actuarial Methods and Assumptions
Projections of benefits for financial reporting purposes are based on the substantive plan (the plan as understood by the employer and the plan members)
and include the types of benefits provided at the time of each valuation and the historical pattern of sharing of benefit costs between the employer and plan
members at that point. The actuarial methods and assumptions used include techniques that are designed to reduce the effects of short-term volatility in
actuarial accrued liabilities and the actuarial value assets, consistent with the long-term perspective of the calculations.
The following simplifying assumptions were made:
Retirement age for active employees – Based on the historical average retirement age for the covered group, public safety active plan members
were assumed to retire at age 50, or at the first subsequent year in which the member would qualify for benefits and other active plan members
were assumed to retire at age 55, or at the first subsequent year in which the member would qualify for benefits.
Mortality – All active and inactive plan members were expected to live through age 65 (the age that benefits terminate).
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
57
NOTE 9 – OTHER POST EMPLOYMENT BENEFITS (continued)
Turnover – Non-group-specific age-based turnover data from GASB Statement 45 were used as the basis for assigning active members a
probability of remaining employed until the assumed retirement/age and for development of an expected future working lifetime assumption for
purposes of allocating to periods the present value of total benefits to be paid.
Based on the historical and expected returns of the City’s short-term investment portfolio, a discount rate of 3.0 percent was used. In addition, a
simplified version of the projected unit credit and level cost method was used. The remaining amortization period at June 30, 2014, was twenty-
seven years.
NOTE 10 – REVENUE LIMITATIONS IMPOSED BY CALIFORNIA PROPOSITION 218
Proposition 218, which was approved by voters in November 1996, will regulate the City’s ability to impose, increase and extend taxes, assessments , and
fees. Any new, increase, or extended taxes, assessments, and fees subject to the provisions of Proposition 218, require voter approval before they can be
implemented. Additionally, Proposition 218 provides that these taxes, assessments, and fe es are subject to the voter initiative process and may be
rescinded in the future years by the voters.
NOTE 11 - RISK MANAGEMENT
A. Description of Self-Insurance Pool Pursuant to Joint Powers Agreement
The City of Atascadero is a member of the California Joint Powers Insurance Agency (Authority). The Authority is composed of 119 California public
entities and is organized under a joint powers agreement pursuant to California Government Code §6500 et seq. The purpose of the Authority is to
arrange and administer programs for the pooling of self -insured losses, to purchase excess insurance or reinsurance, and to arrange for group purch ased
insurance for property and other lines of coverage. The Authority began covering claims of its members in 1978. Each member government has an
elected official as its representative on the Board of Directors. The Board operates through a nine-member Executive Committee.
B. Self-Insurance Programs of the Authority
Each member pays an annual contribution to cover estimated losses for the coverage period. This initial funding is paid at the beginning of the coverage
period. After the close of the coverage period, outstanding claims are valued. A retrospective deposit computation is then conducted annually thereafter
until all claims incurred during the coverage period are closed on a pool-wide basis. This subsequent cost re-allocation among members based on actual
claim development can result in adjustments of either refunds or additional deposits required.
The total funding requirement for self -insurance programs is estimated using actuarial models and pre-funded through the annual contribution. Costs are
allocated to individual agencies based on exposure (payroll) and experience (claims) relative to other members of the risk -sharing pool. Additional
information regarding the cost allocation methodology is provided below.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
58
NOTE 11 - RISK MANAGEMENT (continued)
B. Self-Insurance Programs of the Authority (continued)
Liability
In the liability program , claims are pooled separately between police and non-police exposures. (1) The payroll of each member is evaluated relative to
the payroll of other members. A variable credibility factor is determined for each member, which establishes the weight applied to payroll and the weight
applied to losses within the formula. (2) The first layer of losses includes incurred costs up to $30,000 for each occurrence and is evaluated as a
percentage of the pool’s total incurred costs within the first layer. (3) The second layer of losses includes incurred costs from $30,000 to $750,000 for
each occurrence and is evaluated as a percentage of the pool’s total incurred costs within the second layer. (4) Incurred costs in excess of $750,000 up to
the reinsurance attachment point of $5 million are distributed based on the outcome of cost allocation within the first and s econd loss layers. (5) Costs of
covered claims from $5 million to $10 million are paid under a reinsurance contract subject to a $2.5 million annual aggregate deducti ble. The $2.5 million
annual aggregate deductible is fully covered under a separate policy; as such no portion of it is retained b y the Authority. Costs of covered claims from
$10 million to $15 million are paid under two reinsurance contracts subject to a combined $3 million annual aggregate deducti ble. The $3 million annual
aggregate deductible is fully retained by the Authority. (6) Costs of covered claims from $15 million to $20 million are paid under reinsurance
agreements. (7) Costs of covered claims from $20 million to $50 million are paid under excess insurance policies.
The overall coverage limit for each member including all layers of coverage is $50 million per occurrence.
Costs of covered claims for subsidence losses are paid by reinsurance and excess insurance with a pooled sub -limit of $30 million per occurrence. This
$30 million subsidence sub-limit is composed of (a) $5 million retained within the pool’s SIR, (b) $15 million in reinsurance, subject to the same annual
aggregate deductibles previously stated, and (c) $10 million in excess insurance. The excess insurance layer has a $10 million annual aggregate limit.
Workers’ Compensation
In the workers’ compensation program , claims are pooled separately between public safety (police and fire) and non-public safety exposures. (1) The
payroll of each member is evaluated relative to the payroll of other members. A variable credibility factor is determined for each member, which
establishes the weight applied to payroll and the weight applied to losses within the formula. (2) The first layer of losses includes incurred costs up to
$50,000 for each occurrence and is evaluated as a percentage of the pool’s total incurred costs within the first layer. (3) The second layer of losses
includes incurred costs from $50,000 to $100,000 for each occurrence and is evaluated as a percentage of the pool’s total inc urred costs within the second
layer. (4) Incurred costs in excess of $100,000 up to the reinsurance attachment point of $2 million are distributed based on the ou tcome of cost allocation
within the first and second loss layers. (5) Costs of covered claims from $2 million up to statutory limits are paid under a reinsurance policy. Protection is
provided per statutory liability under California Workers’ Compensation Law.
Employer’s Liability losses are pooled among members to $2 million. Coverage from $2 million to $5 million is purchased as part of a reinsurance policy,
and Employer’s Liability losses from $5 million to $10 million are pooled among members.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
59
NOTE 11 - RISK MANAGEMENT (continued)
C. Purchased Insurance
Pollution Legal Liability Insurance
The City of Atascadero participates in the pollution legal liability insurance program (formerly called environmental insurance) which is available through
the Authority. The policy covers sudden and gradual pollution of scheduled property, streets, and storm drains o wned by the City of
Atascadero. Coverage is on a claims-made basis. There is a $50,000 deductible. The Authority has a limit of $50 million for the 3-year period from July
1, 2011 through July 1, 2014. Each member of the Authority has a $10 million sub -limit during the 3-year term of the policy.
Property Insurance
The City of Atascadero participates in the all-risk property protection program of the Authority. This insurance protection is underwritten by several
insurance companies. City of Atascadero property is currently insured according to a schedule of covered property submitted by the City of Atascadero to
the Authority. City of Atascadero property currently has all-risk property insurance protection in the amount of $49,939,403. There is a $5,000 deductible
per occurrence except for non-emergency vehicle insurance which has a $1,000 deductible. Premiums for the coverage are paid annually and are not
subject to retrospective adjustments.
Crime Insurance
The City of Atascadero purchases crime insurance coverage in the amount of $1,000,000 with a $2,500 deductible. The fidelity coverage is provided
through the Authority. Premiums are paid annually and are not subject to retrospective adjustments.
Special Event Tenant User Liability Insurance
The City of Atascadero further protects against liability damages by requiring tenant users of certain property to purchase low -cost tenant user liability
insurance for certain activities on City property. The insurance premium is paid by the tenant user and is paid to the City of Atascadero according to a
schedule. The City of Atascadero then pays for the insurance. The insurance is arranged by the Authority.
D. Adequacy of Protection
During the past three fiscal years, none of the above programs of protec tion experienced settlements or judgments that exceeded pooled or insured
coverage. There were also no significant reductions in pooled or insured liability coverage in 2013-14.
E. Unemployment
The City is fully self-insured for unemployment claims.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
60
NOTE 11 - RISK MANAGEMENT (continued)
F. Self Insurance
The City retains the risk for losses incurred prior to joining the Authority. Several member agencies of the now dissolved Ce ntral Coast Cities Self-
Insurance Fund continue to participate in a non-risk sharing arrangement for claims management and the purchase of excess insurance for claims prior to
joining the Authority. Losses are debited and investment income is credited to specific member accounts . The City has not incurred any losses in exc ess
of insurance coverage.
Self-insurance activity as of and for the fiscal year ended June 30, 2014, is summarized as follows:
Workers'
Compensation
Interest earnings and other income 1,622$
Claims expense 46,143
Estimated liability for reported claims and settlement
expenses 595,328
Assets on deposit 508,642
Assets in excess of (less than) liabilities (86,686)$
Workers'
Compensation
Deposits June 30, 2012 30,670$
Claim payments and related expenditures (134,973)
(Increase) in estimated claims liability June 30, 2013 (63,435)
Deposits and interest earnings 2,028
Change in Fair Market Value 583
Deposits (unpaid claims liability) June 30, 2013 (165,127)
Claim payments and related expenditures (46,143)
(Increase) in estimated claims liability June 30, 2014 122,572
Deposits and interest earnings 1,622
Change in Fair Market Value 390
Deposits (unpaid claims liability) June 30, 2014 (86,686)$
Changes in the balances of claim liabilities during the past two fiscal years are as
follows:
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
61
NOTE 12 – CONTINGENCIES AND COMMITMENTS
The U.S. Department of Homeland Security, Office of Inspector General (OIG), issued a report to the Federal Emergency Management Agency (FEMA) in April
2012 regarding reimbursement funding for repair/rehabilitation projects resulting from the 2003 San Sim eon Earthquake. The report questioned $8,014,375 of
funding that the FEMA determined as eligible. The OIG report was issued to FEMA and requires that FEMA respond to OIG directly. The City disagrees with
OIG’s findings and believes that the expenses were eligible and in compliance with all local, state, and federal regulations. FEMA responded to OIG on December
3, 2012, and disagreed with OIG’s findings to disallow funding of $8,013,063. In that response, FEMA reaffirmed the eligibility of $2,654,978 for City Hall
relocation funding, $2,377,185 for replacement of the Printery Building, clarified that $2,980,900 of architecture and engine ering costs are still being negotiated by
FEMA and the City, and agreed that $1,312 of Printery Building replacement costs will be charged to the Historic City Hall Project instead. On July 29, 2013, the
City received formal notice from the Governor’s Office of Emergency Services that FEMA approved a Project Worksheet to deo bligate $2,654,978. The City
formally appealed the decision on September 17, 2013.
In a similar case, the United States District Court for the Southern District of Florida recent ruled in favor of South Florida Water Mana gement District (District).
The Court ordered FEMA to reinstate $21.8 million in previously deobligated funding to the District citing Section 705(c) of the Stafford Act. This Section of the
Stafford Act was enacted by Congress in 2003 to protect recipients of disaster assistance fr om this type of FEMA retroactive claw back of funds. Atascadero’s
appeal of the deobligation also cites Section 705(c) of the Stafford Act as a key argument. The full significance of the Florida District Court’s ruling on
Atascadero’s appeal is yet to be determined, but this ruling could be beneficial. The City anticipates that it may take years to receive a final decision on the matter.
The City had received state and federal funds for specific purposes that are subject to review and audit by the grantor agencies. Although such audits could
generate expenditure disallowances under terms of the grants, it is believed that other than the above mentioned issue, any r equired reimbursements will not be
material.
According to the City's attorney, no contingent liabilities are outstanding and no lawsuits of any significant financial consequence are pending or the risks are
covered by the City’s insurance programs.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
62
NOTE 12 – CONTINGENCIES AND COMMITMENTS (continued)
Construction and other significant commitments as of June 30, 2014, including encumbrances outstanding at fiscal year end, are as follows:
Capital Commitments
Fiscal Year 2013/2014
100 General Fund 252,675$
201 Community Facilities District Fund 2,310
202 Apple Valley Street & Storm Drain Assessment District Fund 1,495
203 Apple Valley Landscape & Lighting Assessment District Fund 1,887
204 Las Lomas Street & Storm Drain Assessment District Fund 1,495
205 Las Lomas Landscape & Lighting Assessment District Fund 1,887
206 De Anza Street & Storm Drain Assessment District Fund 1,495
207 De Anza Landscape & Lighting Assessment District Fund 1,887
214 Supplemental Law Enforcement Services Fund 33,311
240 Community Development Block Grant Fund 23,908
260 Gas Tax Fund 4,470
281 Circulation System Fees Fund 326,193
285 Fire Impact Fees Fund 5,181
310 Capital Projects Fund 16,694
370 Historic City Hall Rehabilitation Fund 559,482
527 Wastewater Fund 167,514
527 Transit Fund 62,809
680 Vehicle & Equipment Replacement Fund 40,671
820 Successor Agency General Fund 16,505
Total 1,521,869$
NOTE 13 – NET POSITION
GASB Statement No. 63 requires that the difference between assets added to the deferred outflows of resources and liabilities added to the deferred inflows of
resources be reported as net position. Net position is classified as either net investment in capital assets, restricted, or unrestricted.
Net position that is net investment in capital assets consist of capital assets, net of accumulated depreciation, and reduced by the outstan ding principal of related
debt. Restricted net position is the portion of net position that has external constraints placed on it by creditors, grantors, contributors, laws, or regulations of other
governments, or through constitutional provisions or enabling legislation. Unrestricted net position consists of net position that does not meet the definition of net
investment in capital assets or restricted net position.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
63
NOTE 13 – NET POSITION (continued)
Net Position
Net Position is the excess of all the City’s assets over all its liabilities, regardless of fund. Net Position are divided into three captions under GASB Statement No.
34. These captions apply only to Net Position, which is determined only at the government-wide level, and are described below:
Net Investment in Capital Assets describes the portion of Net Position which is represented by the current net book value of the City’s capital assets, less the
outstanding balance of any debt issued to finance these assets.
Restricted describes the portion of Net Position which is restricted as to use by the terms and conditions of agreements with outside parties, governmental
regulations, laws, or other restrictions which the City cannot unilaterally alter. These principally include fees received for use on capital projects, debt service
requirements, and redevelopment funds restricted to low and moderate income purposes. Restricted Net Position includes $32,475,634 restricted by enabling
legislation.
Unrestricted describes the portion of Net Position which is not restricted as to use.
NOTE 14 – PRIOR PERIOD ADJUSTMENTS
A prior period adjustment of $(254,579) was made which affects the government-wide statement of activities. This reflects a change in accounting principle as
required by GASB 65. The City previously amortized Bond Issuances Costs over the life of the bonds, however, since adopting GASB 65 beginning this fiscal
year, the City recognized the prior period adjustment to effectively expense these Bond Issuance Costs .
NOTE 15 – SUCCESSOR AGENCY TRUST FOR ASSETS OF FORMER REDEVELOPMENT AGENCY
On December 29, 2011, the California Supreme Court upheld Assembly Bill 1x 26 (“the Bill”) that provides for the dissolution of all redevelopment agencies in the
State of California. This action impacted the reporting entity of the City of Atascadero, which had previously reported a redevelopment agency within the reporting
entity of the City as a blended component unit.
The Bill provides that, upon dissolution of a redevelopment agency, either the city or another unit of local government will agree to serve as the “successor agency”
to hold the assets until they are distributed to other units of state and local government. On January 10, 2012, the City Council elected to become the Successor
Agency for the former redevelopment agency in accordance with the Bill as part of City Resolution Number 2012 -002.
After enactment of the law, which occurred on June 28, 2011, redevelopment agencies in the State of California cannot enter i nto new project, obligations or
commitments. Subject to the control of a newly established oversight board, remaining assets can only be used to pay enforce able obligations in existence at the
date of dissolution (including the completion of any unfinished projects that were subject to legally enforceable contractual commitments).
Successor agencies are only allocated revenue in the amount that is necessary to pay the estimated annual installment payments on enforceable obligations of
the former redevelopment agency until all enforceable obligations of the prior redevelopment agency have been paid in full and all assets have been liquidated.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
64
NOTE 15 – SUCCESSOR AGENCY TRUST FOR ASSETS OF FORMER REDEVELOPMENT AGENCY (continued)
The Bill directs the State Controller of the State of California to review the propriety of any transfers of assets between redevelopment agencies and other publ ic
bodies that occurred after January 1, 2011. If the public body that received such transfers is not contractually committed t o a third party for the expenditure or
encumbrance of those assets, the State Controller is required to order the available assets to be transferred to the public body designated as the successor
agency by the Bill.
Management believes, in consultation with legal counsel, that the obligations of the former redevelopment agency due to the City are valid enforceable obligations
payable by the successor agency trust under the requirements of the Bill. The City’s position on this issue is not a position of settl ed law and there is considerable
legal uncertainty regarding this issue. It is reasonably possible that a legal determination may be made at a later date by an appropriate judicial authority that
would resolve this issue unfavorably to the City.
In accordance with the timeline set forth in the Bill (as modified by the California Supreme Court on December 29, 2011), all redevelopment agencies in the State
of California were dissolved and ceased to operate as a legal entity as of February 1, 2012.
The assets and activities of the dissolved redevelopment agency are reported in a fiduciary fund (private purpose trust fund) in the financial statements of the City.
The transfer of the assets and liabilities of the former redevelopment agency as of February 1, 2012 (effectively the same date as January 31, 2012), from
governmental funds of the City to fiduciary funds , was reported in the governmental funds as an extraordinary loss in the governmental fund financial statements in
fiscal year 2011-2012. The receipt of these assets and liabilities as of January 31, 2012 was reported in the private purpose trust fund as an extraordinary gain in
the fiscal year 2011-2012.
The Successor Agency received a Finding of Completion (FOC) from the State Department of Finance on March 8, 2013. In order to be eligible for the FOC, the
Successor Agency had to meet the following requirements:
pay the housing fund balance as determined by Due Diligence Review;
pay the non-housing fund balance as determined by Due Diligence Review; and
pay the balance of any outstanding passthrough obligations and residual payments .
A. Notes Receivable
The Housing Successor Agency is holding $200,000 in Notes Receivable as part of the Downtown Stimulus Program. The former Redevelopment Agency
used the Downtown Stimulus Program as a tool to encourage investors to provide affordable housing in the downtown area. Neither the principal nor
interest shall be payable under the Note for the term of 55 years; or until such time as the Program Participant sells or otherwise transfers the site. The
Notes will be forgiven in full after the period of 55 years.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
65
NOTE 15 – SUCCESSOR AGENCY TRUST FOR ASSETS OF FORMER REDEVELOPMENT AGENCY (continued)
B. Capital Assets
Capital assets activity in the Private Purpose Trust Funds for the fiscal year ended June 30, 2014, was as follows:
Balance
June 30, 2013 Additions Deletions
Balance
June 30, 2014
Fiduciary Funds
Non-Depreciable Capital Assets
Land 473,791$ -$ (60,000)$ 413,791$
Construction in progress 244,305 20,080 (264,385) -
Total non-depreciable capital assets 718,096 20,080 (324,385) 413,791
Depreciable Capital Assets
Structures and improvements 4,590,239 - (2,221,023) 2,369,216
Infrastructure 186,071 - (186,071) -
Total depreciable capital assets 4,776,310 - (2,407,094) 2,369,216
Less Accumulated Depreciation (147,228) (82,336) 103,626 (125,938)
Net depreciable capital assets 4,629,082 (82,336) (2,303,468) 2,243,278
Net business-type capital assets 5,347,178$ (62,256)$ (2,627,853)$ 2,657,069$
C. Loans Payable
The City General Fund loaned three separate advances to the former Redevelopment Agency. The total of these three loans is $1,375,175 and is now a
liability of the Successor Agency. AB 1484 sets forth the criteria for repayment of these loans:
California Department of Finance must issue the Successor Agency a Finding of Completion
Oversight Board must find that the loans were for legitimate redevelopment purposes
Repayment is subject to certain restrictions, including a reduction of the interest rate to the LAIF rate, restrictions on the timing and amount of
annual repayments, and a requirement that 20% of the repayment amount must be deposited into a restricted housing set-aside fund
Loan repayments shall not be made prior to the 2013-14 fiscal year.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
66
NOTE 15 – SUCCESSOR AGENCY TRUST FOR ASSETS OF FORMER REDEVELOPMENT AGENCY (continued)
D. Bond Reimbursement Agreement Payable
In September of 2010, the City issued $16,010,000 in bonds on behalf of the Redevelopment Agency in order for the Agency to achi eve and overall lower
debt service cost. At the time of the bond issuance, a reimbursement agreement was entered into whereby the City advanced the Agency the proceeds of
the bond and the Agency is required to make annual payments to the City in the amount of the debt service on the bonds. Annu al principal payments on
the advance are required between fiscal years 201 5 and 2041, at interest rates ranging from 3.0% to 5.0%. See Note 7B – Long Term Debt, 2010 Lease
Revenue Bonds, for additional information.
E. 2004 Redevelopment Agency Tax Allocation Bonds
The former Atascadero Community Redevelopment Agency (Agency) issued $12,490,000 in Tax Allocation bonds for improvements to the downtow n
core. These bonds mature between fiscal years 2011 and 2035, at interest rates ranging from 3.00% to 5.00%. Since the Agenc y was dissolved effective
February 1, 2012, the bonds are now a liability of the Successor Agency. The liability is now reflected on the private purpose trust financial statements of
the Successor Agency and is no longer found on the financial statements of the City and its component unit. The bonds will be repaid with the Successor
Agency’s Tax Allocation Revenues.
The following is a summary of principal and interest payments to be made in future fiscal years:
Fiscal Year Ending
June 30,Principal Interest
2015 $ 325,000 $ 517,523
2016 340,000 504,223
2017 355,000 490,323
2018 365,000 475,375
2019 380,000 459,168
2020-2024 2,180,000 2,014,311
2025-2029 2,755,000 1,427,188
2030-2034 3,505,000 657,625
2035 810,000 20,250
$ 11,015,000 $ 6,565,986
2004 Redevelopment Agency
Tax Allocation Bonds
F. Prior Period Adjustments
A prior period adjustment of $(265,345) was made which affects the Successor Agency’s statement of net position. This reflects a change in accounting
principle as required by GASB 65. The Successor Agency previously amortized Bond Issuance Costs over the life of the bonds, however, since adopting
GASB 65 beginning this fiscal year, the Successor Agency recognized the prior period adjustment to effectively expense these Bond Issuance Costs.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NOTES TO THE BASIC FINANCIAL STATEMENTS
June 30, 2014
67
NOTE 16 – SUBSEQUENT EVENTS
Management has evaluated subsequent events through the date of the financial statements were available for issuance which is December 15, 2014.
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
REQUIRED SUPPLEMENTARY INFORMATION
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - SUMMARY
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Revenues:
Secured and unsecured property taxes 7,132,250$ 7,132,250$ 7,551,887$ 419,637$
Taxes based on sales and use 3,242,020 3,242,020 3,510,813 268,793
Franchise tax 1,012,170 1,012,170 1,058,736 46,566
Other taxes 956,900 956,900 1,040,723 83,823
Licenses and permits 327,880 427,580 648,501 220,921
Intergovernmental revenues:
Motor vehicle in-lieu and related payments - - 12,170 12,170
Grants 49,420 90,730 87,674 (3,056)
Other governmental revenues 79,740 79,740 73,393 (6,347)
Charges for services:
Public safety 451,160 820,460 822,933 2,473
Development 860,670 973,460 1,001,012 27,552
Recreation, parks, pavilion and zoo 872,190 904,210 857,639 (46,571)
Other services 43,500 43,500 54,906 11,406
Fines and forfeitures 76,100 76,100 66,550 (9,550)
Use of money and property 34,960 34,960 61,127 26,167
Other revenues 1,128,420 1,173,520 1,167,625 (5,895)
Total revenues 16,267,380 16,967,600 18,015,689 1,048,089
Expenditures:
Employee services 12,432,940 12,750,380 12,286,188 464,192
Operating supplies & services 4,556,490 4,703,350 4,555,813 147,537
Special purchases, projects and community funding 902,910 1,147,810 844,797 303,013
Capital outlay 42,010 103,030 77,967 25,063
Total expenditures 17,934,350 18,704,570 17,764,765 939,805
Excess of revenues over (under) expenditures (1,666,970) (1,736,970) 250,924 1,987,894
Budget Variance with Final
Budget Positive
(Negative)
68
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - SUMMARY (continued)
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Other Financing Sources (Uses):
Transfers in 363,930$ 363,930$ 363,600$ (330)$
Transfers out (1,080) (1,080) (1,080) -
Total other financing sources and uses 362,850 362,850 362,520 (330)
Net changes in fund balance (1,304,120)$ (1,374,120)$ 613,444 1,987,564$
Fund balance - June 30, 2013 8,007,068
Fund balance - June 30, 2014 8,620,512$
Budget Variance with Final
Budget Positive
(Negative)
69
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - DETAIL
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Revenues:
Taxes:
Property taxes:
Secured property tax 4,746,140$ 4,746,140$ 4,994,945$ 248,805$
Property tax in lieu of VLF 2,151,080 2,151,080 2,188,349 37,269
Unsecured property taxes 127,660 127,660 135,414 7,754
Supplemental property taxes 70,000 70,000 88,566 18,566
57,370 57,370 150,565 93,195
Prior year secured and unsecured (20,000) (20,000) (5,861) 14,139
Property tax penalties and interest - - (91) (91)
Taxes based on sales:
Sales and use taxes 2,449,900 2,449,900 2,613,709 163,809
Sales tax in-lieu payments 792,120 792,120 897,104 104,984
Transient occupancy tax 691,900 691,900 771,019 79,119
Franchise taxes:
Cable television franchise fees 199,480 199,480 213,537 14,057
Electricity franchise fees 226,870 226,870 231,972 5,102
Garbage disposal franchise fees 372,640 372,640 380,663 8,023
Landfill franchise fees 38,390 38,390 43,277 4,887
Recycling franchise fees 21,410 21,410 19,050 (2,360)
Gas franchise fees 118,000 118,000 135,187 17,187
Wastewater franchise fees 35,380 35,380 35,050 (330)
Business licenses 155,000 155,000 155,978 978
Property transfer tax 110,000 110,000 113,706 3,706
Other miscellaneous taxes - - 20 20
Total Taxes 12,343,340 12,343,340 13,162,159 818,819
Licenses and Permits:
Construction permits 281,380 351,380 572,486 221,106
Grading and drainage permits 9,240 30,140 30,148 8
Encroachment permits 29,400 38,200 38,223 23
Tree application fees 7,000 7,000 6,790 (210)
Planning Inspections 860 860 854 (6)
Total Licenses and Permits 327,880 427,580 648,501 220,921
Redevelopment Agency Dissolution-
residual distribution
Budget Variance with Final
Budget Positive
(Negative)
70
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - DETAIL (continued)
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Revenues (continued):
Intergovernmental Revenues:
Motor vehicle in-lieu (VLF)-$ -$ 12,170$ 12,170$
Homeowners' tax relief 44,710 44,710 44,759 49
State mandated costs 8,000 8,000 18,957 10,957
P.O.S.T. reimbursement 27,030 27,030 9,677 (17,353)
Grants:
2011-2013 Fire personnel SAFER grant 8,570 9,670 9,673 3
Fire Safe Council grant 11,500 25,030 25,032 2
Fire Safe Council Wildland Urban Interface - 4,000 3,871 (129)
Off Highway Vehicle Grant - 15,230 15,225 (5)
2013 OTS Traffic Enforcement Grant 10,490 10,490 8,430 (2,060)
2013 OTS DUI Enforcement Grant 13,950 13,950 13,949 (1)
Avoid the 14 grant - 7,450 7,458 8
Bulletproof Vest Grant 3,760 3,760 4,036 276
FEMA earthquake funding 860 860 - (860)
CalEMA earthquake funding 290 290 - (290)
Total Intergovernmental Revenues 129,160 170,470 173,237 2,767
Charges for Services:
Public safety:
First response charges 108,180 108,180 108,104 (76)
Weed abatement services 98,000 98,000 79,187 (18,813)
Mutual Aid 220,930 590,230 590,311 81
Police false alarms 1,500 1,500 1,890 390
Fingerprints 11,000 11,000 12,758 1,758
Vehicle release fees 7,150 7,150 16,170 9,020
Other public safety services 4,400 4,400 14,513 10,113
Budget Variance with Final
Budget Positive
(Negative)
71
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - DETAIL (continued)
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Revenues (continued):
Charges for Services (continued):
Development:
Zoning fees 15,000$ 15,000$ 52,733$ 37,733$
Subdivision fees- Planning 9,090 9,090 37,176 28,086
Subdivision fees- Public Works 1,400 9,200 9,287 87
General and specific plans 3,630 3,630 11,310 7,680
EIR and annexations fees 476,820 491,110 364,283 (126,827)
Appeals 710 710 460 (250)
Assessment District Formation & Annexes - - - -
Planning review 24,400 24,400 43,302 18,902
Building plan check fees 252,910 277,910 291,681 13,771
Public Works plan check fees 23,100 88,800 88,893 93
Fire plan check & inspection fees 36,120 36,120 69,299 33,179
Public improvements revenue 13,500 13,500 30,363 16,863
Other planning fees 3,990 3,990 2,225 (1,765)
Recreation:
Aquatics 26,550 29,250 30,150 900
Adult sports 45,300 45,300 45,841 541
Youth sports 40,000 61,500 61,567 67
Classes 122,580 122,580 123,549 969
Special events 26,150 31,850 33,203 1,353
Special events- Zoo 2,500 2,500 500 (2,000)
Teen Center membership 2,500 2,500 2,870 370
Rentals & concessions:
Pavilion facility rentals 110,900 110,900 110,167 (733)
Other Pavilion rents and concessions 30,500 30,500 38,910 8,410
Colony Park Community Center rentals 25,600 25,600 18,008 (7,592)
Historic City Hall Rentals - 2,120 8,500 6,380
Other facility rentals 10,400 10,400 1,391 (9,009)
Park charges 30,890 30,890 33,304 2,414
Zoo:
Zoo admissions 266,870 266,870 235,908 (30,962)
Zoo educational programs 20,000 20,000 12,476 (7,524)
Zoo gift shop 109,450 109,450 99,570 (9,880)
Other Zoo revenues 2,000 2,000 1,725 (275)
Budget Variance with Final
Budget Positive
(Negative)
72
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - DETAIL (continued)
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Revenues (continued):
Charges for Services (continued):
Administrative:
Copy and mailing fees 5,260$ 5,260$ 5,542$ 282$
Document imaging fee 20,740 20,740 31,067 10,327
Business license application fees 17,500 17,500 18,297 797
Total Charges for Services 2,227,520 2,741,630 2,736,490 (5,140)
Fines and Forfeitures:
Motor vehicle fines 50,000 50,000 46,106 (3,894)
Traffic school fines 10,000 10,000 2,652 (7,348)
Misdemeanor and other minor fines 7,500 7,500 8,401 901
Parking fines 1,100 1,100 1,657 557
Fire and code enforcement fines 500 500 400 (100)
Business license penalties 6,500 6,500 7,134 634
Other penalties 500 500 200 (300)
Total Fines and Forfeitures 76,100 76,100 66,550 (9,550)
Use of Money and Property:
Interest 34,960 34,960 61,127 26,167
Total Use of Money and Property 34,960 34,960 61,127 26,167
Other Revenues:
Interfund administrative charges
General overhead charges 268,730 268,730 268,730 -
Staffing charges for other funds 373,730 373,730 354,954 (18,776)
Staffing charges for capital projects 133,900 133,900 99,948 (33,952)
Staffing charges for CDBG administration 11,510 11,510 7,368 (4,142)
Administrative charges- Successor Agency 250,000 250,000 250,000 -
Workers' comp reimbursement 15,000 15,000 47,718 32,718
Miscellaneous revenue 9,050 9,050 24,366 15,316
Dove Creek commercial agreement 40,000 40,000 40,000 -
Budget Variance with Final
Budget Positive
(Negative)
73
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - DETAIL (continued)
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Revenues (continued):
Other Revenues (continued):
Donations:
Police 1,500$ 1,520$ 20$ (1,500)$
Fire - 4,600 6,153 1,553
Other donations 1,000 14,480 14,471 (9)
Friends of Zoo- memberships 22,000 22,000 25,043 3,043
Zoo Wine Festival donations
New Wallaby Exhibit - 15,000 15,000 -
Rehabilitation of Lemur Holding Roof - 12,000 12,000 -
Other Zoo donations 2,000 2,000 1,854 (146)
Total Other Revenues 1,128,420 1,173,520 1,167,625 (5,895)
Total Revenues 16,267,380 16,967,600 18,015,689 1,048,089
Budget Variance with Final
Budget Positive
(Negative)
74
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - DETAIL (continued)
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Expenditures:
City Council:
Salaries and benefits 26,390$ 26,890$ 26,881$ 9$
Office expense 850 280 275 5
Advertising 750 520 516 4
Computer maintenance and replacement 3,260 3,260 3,260 -
Occupancy 30,210 30,210 30,210 -
Communications 350 310 306 4
Operating supplies 3,200 4,550 4,543 7
Vehicle & equipment operating costs 200 - - -
Contract services 36,000 36,310 36,300 10
Professional development 21,700 17,830 17,821 9
Community outreach 51,000 45,740 35,923 9,817
Chamber of Commerce 67,400 69,250 69,243 7
Business development 16,260 16,260 6,260 10,000
LAFCO contribution 13,000 13,710 13,707 3
Special projects & community funding:
Promotions 177,290 177,290 176,667 623
Community events 8,200 8,200 2,108 6,092
Sales Tax Measure Process 60,000 60,000 18,500 41,500
Total City Council 516,060 510,610 442,520 68,090
City Clerk:
Salaries and benefits 2,960 3,050 3,050 -
Office expense 600 1,690 1,687 3
Advertising 5,000 7,960 7,959 1
Contract services 1,500 5,050 5,044 6
Professional development 2,910 420 415 5
Municipal election 150 180 179 1
Total City Clerk 13,120 18,350 18,334 16
Budget Variance with Final
Budget Positive
(Negative)
75
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - DETAIL (continued)
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Expenditures (continued):
City Treasurer:
Salaries and benefits 10,000$ 10,410$ 10,402$ 8$
Office expense 50 - - -
Contract services 9,280 9,640 9,640 -
Professional development 580 80 78 2
Total City Treasurer 19,910 20,130 20,120 10
City Attorney:
Office expense 200 120 115 5
Communications 50 60 56 4
Contract services 245,000 280,800 280,800 -
Special Litigation - 14,290 14,288 2
Total City Attorney 245,250 295,270 295,259 11
City Manager:
Salaries and benefits 641,240 581,310 577,652 3,658
Office expense 8,130 9,890 9,864 26
Computer maintenance and replacement 34,240 34,260 34,260 -
Insurance 14,170 14,170 14,165 5
Occupancy 20,720 20,720 20,720 -
Communications 2,900 2,250 2,241 9
Operating supplies 10,200 7,420 7,419 1
Vehicle & equipment operating costs 6,250 6,450 6,445 5
Contract services 29,000 10,010 10,006 4
Professional development 22,050 16,120 16,117 3
Citywide training 4,000 2,040 2,036 4
Recruitment 500 890 889 1
Employee Development 1,650 1,600 1,593 7
Contingency 100,000 - - -
Capital outlay:
Tablet Computers 600 760 754 6
Total City Manager 895,650 707,890 704,161 3,729
Budget Variance with Final
Budget Positive
(Negative)
76
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - DETAIL (continued)
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Expenditures (continued):
Administrative Services:
Salaries and benefits 760,690$ 752,820$ 623,844$ 128,976$
Office expense 16,450 11,660 11,657 3
Advertising 320 650 648 2
Computer maintenance and replacement 68,610 68,850 68,841 9
Insurance 18,830 18,850 18,850 -
Occupancy 25,410 32,080 32,074 6
Communications 950 360 359 1
Operating supplies 50 250 247 3
Vehicle & equipment operating costs 3,650 3,190 3,190 -
Contract services 158,300 157,390 157,386 4
Professional development 5,550 2,140 2,131 9
Recruitment - 2,520 2,512 8
Safety Committee 500 500 - 500
Contingency 5,000 - - -
Special purchases:
Coast Allocation Study Update 25,000 28,580 28,573 7
Development Impact Fee Study 25,000 25,000 - 25,000
Capital outlay:
Tablet Computers 600 760 754 6
Total Administrative Services 1,114,910 1,105,600 951,066 154,534
Police:
Salaries and benefits 4,652,440 4,647,930 4,467,060 180,870
Office expense 13,750 16,830 16,830 -
Computer maintenance and replacement 251,780 252,990 252,989 1
Insurance 281,080 280,740 280,739 1
Occupancy 38,170 34,510 34,501 9
Utilities 44,600 34,690 34,684 6
Communications 36,980 26,520 26,515 5
Operating supplies 16,980 20,690 20,683 7
Vehicle & equipment operating costs 249,330 253,540 253,538 2
Contract services 280,250 289,550 270,782 18,768
Professional development 6,900 6,900 5,853 1,047
Recruitment 7,450 14,510 13,385 1,125
Contingency 10,000 - - -
Budget Variance with Final
Budget Positive
(Negative)
77
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - DETAIL (continued)
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Expenditures (continued):
Police (continued):
Capital outlay:
Tablet Computers 1,200$ 1,510$ 1,509$ 1$
Software 15,000 15,000 - 15,000
5,905,910 5,895,910 5,679,068 216,842
Police Grants:
Salaries and benefits 20,220 27,670 25,957 1,713
Office expense 500 500 - 500
Operating supplies 1,900 1,920 1,174 746
Contract services 1,980 1,980 1,250 730
Professional development 35,910 35,910 23,937 11,973
Special purchases:
Red light notification devices 210 210 - 210
Personal protective vests 7,530 7,530 5,967 1,563
Capital outlay:
Computers-Replacement 10 10 - 10
Vehicles- New - 15,230 15,225 5
68,260 90,960 73,510 17,450
Total Police 5,974,170 5,986,870 5,752,578 234,292
Fire:
Salaries and benefits 3,135,000 3,181,300 3,181,245 55
Office expense 6,430 9,440 9,435 5
Advertising - 250 247 3
Computer maintenance and replacement 162,510 162,150 162,150 -
Insurance 69,620 68,740 68,736 4
Occupancy 25,150 27,760 27,753 7
Utilities 22,600 21,870 21,863 7
Communications 12,100 10,930 10,926 4
Operating supplies 37,850 41,580 41,580 -
131,750 181,400 181,394 6
Contract services 10,250 14,090 14,087 3
Professional development 19,010 22,260 22,259 1
Recruitment 1,400 2,780 2,778 2
Contingency 10,000 - - -
Vehicle and equipment operating costs
Budget Variance with Final
Budget Positive
(Negative)
78
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - DETAIL (continued)
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Expenditures (continued):
Fire (continued):
Special purchases, projects & studies:
Washing Machine/Dryer -$ 80$ 75$ 5$
Fire Station #1 Bathroom Repairs - 13,880 13,861 19
Capital outlay:
Tablet Computers 600 760 754 6
3,644,270 3,759,270 3,759,143 127
Mutual Aid Program:
Salaries and benefits 135,760 481,670 429,046 52,624
Office expenses 30 30 - 30
Operating supplies 25,000 48,390 38,382 10,008
Contract services 1,000 1,000 - 1,000
161,790 531,090 467,428 63,662
Weed Abatement and Other Fire Programs:
Salaries and benefits 8,710 26,850 26,688 162
Office expense - 2,960 2,837 123
Advertising - 1,070 1,064 6
Operating supplies - 3,230 3,220 10
Vehicle & equipment operating costs - 2,500 2,490 10
Contract services:
Weed abatement 74,000 73,280 70,285 2,995
Community Outreach - 360 360 -
Special purchases, projects & studies:
Rayar road fuel modification for access 2,000 2,000 - 2,000
San Marcos shaded fuel break 9,500 9,500 7,217 2,283
94,210 121,750 114,161 7,589
Total Fire 3,900,270 4,412,110 4,340,732 71,378
Budget Variance with Final
Budget Positive
(Negative)
79
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - DETAIL (continued)
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Expenditures (continued):
Community Development:
Salaries and benefits 904,230$ 904,370$ 850,914$ 53,456$
Office expense 13,600 20,200 20,196 4
Advertising 4,000 8,560 8,209 351
Computer maintenance and replacement 89,990 91,370 91,366 4
Insurance 18,170 18,170 18,165 5
Occupancy 33,130 33,130 33,130 -
Communications 1,800 2,460 2,453 7
Operating supplies 800 9,920 1,436 8,484
Vehicle operations 14,340 17,890 17,881 9
Contract services 134,000 184,280 179,884 4,396
Professional development 11,800 6,200 6,198 2
Recruitment 1,000 2,460 2,452 8
Contingency 5,000 - - -
Special purchases, projects & studies:
Update Housing Element 30,000 30,000 16,605 13,395
Eagle Ranch EIR 433,470 433,470 280,391 153,079
Eagle Ranch EIR - 24,670 24,631 39
Microfilm Scanning 20,000 20,670 20,665 5
Capital outlay:
Tablet Computers 1,600 2,590 2,585 5
Total Community Development 1,716,930 1,810,410 1,577,161 233,249
Central Reception:
Salaries and benefits 68,710 71,490 71,485 5
Office expense 1,090 400 395 5
Computer maintenance and replacement 5,620 5,210 5,201 9
Insurance 1,270 1,270 1,265 5
Occupancy 24,180 24,180 24,181 (1)
Communications 350 330 326 4
Operating Supplies - 260 254 6
Vehicle & equipment operating costs 200 50 42 8
Professional development 150 - - -
Recruitment 100 - - -
Total Central Reception 101,670 103,190 103,149 41
Budget Variance with Final
Budget Positive
(Negative)
80
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - DETAIL (continued)
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Expenditures (continued):
Recreation:
Salaries and benefits 257,840$ 268,320$ 264,860$ 3,460$
Office expense 4,100 5,700 5,354 346
Advertising 1,200 1,680 1,673 7
Computer maintenance and replacement 10,920 11,340 11,339 1
Insurance 9,070 9,370 8,846 524
Occupancy 40,420 40,770 40,369 401
Utilities 5,100 5,100 3,860 1,240
Communications 550 420 277 143
Operating supplies 24,360 33,410 27,273 6,137
Vehicle and equipment operating costs 1,590 870 868 2
Contract services 131,290 139,330 125,355 13,975
Professional development 1,300 1,690 1,690 -
Recruitment 800 1,310 1,081 229
Contingency 2,500 - -
Special purchases, projects & studies:
Youth Scholarships - 3,450 3,441 9
Skate Park Repairs 18,400 29,510 17,322 12,188
Total Recreation 509,440 552,270 513,608 38,662
Community Center:
Salaries and benefits 51,970 45,820 40,498 5,322
Office expense 1,000 1,000 646 354
Advertising 400 400 - 400
Computer maintenance and replacement 8,640 8,640 8,640 -
Insurance 5,570 5,570 4,489 1,081
Occupancy 95,100 95,100 95,100 -
Utilities 43,500 43,500 37,050 6,450
Communications 1,750 1,750 1,332 418
Operating supplies 14,800 14,800 9,643 5,157
Vehicle and equipment operations 2,030 2,030 1,667 363
Contract services 17,600 14,080 8,473 5,607
Professional development 1,200 1,200 - 1,200
Recruitment 250 250 159 91
Capital outlay:
Ice Machine - 3,520 3,515 5
Total Community Center 243,810 237,660 211,212 26,448
Budget Variance with Final
Budget Positive
(Negative)
81
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - DETAIL (continued)
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Expenditures (continued):
Pavilion
Salaries and benefits 117,840$ 116,300$ 116,287$ 13$
Office expense 1,270 870 863 7
Advertising 5,000 5,310 5,302 8
Computer maintenance and replacement 6,460 6,460 6,460 -
Insurance 4,130 3,850 3,849 1
Occupancy 29,660 29,660 29,660 -
Utilities 19,700 25,260 25,254 6
Communications 630 1,250 1,244 6
Operating supplies 8,310 6,460 6,455 5
Vehicle and equipment operating costs 1,150 1,970 1,970 -
Contract services 23,000 20,360 20,359 1
Professional development 850 400 395 5
Recruitment - 70 64 6
Special purchases, projects & studies:
Flooring repairs - 5,970 5,966 4
Total Pavilion 218,000 224,190 224,128 62
Zoo:
Salaries and benefits 615,090 564,940 564,899 41
Office expense 2,040 1,880 1,871 9
Advertising 1,000 970 965 5
Computer maintenance and replacement 29,700 26,200 26,200 -
Insurance 11,930 11,710 11,702 8
Occupancy 14,800 12,400 12,396 4
Utilities 38,900 43,180 43,166 14
Communications 480 1,000 992 8
Operating supplies 59,360 83,670 83,660 10
Vehicle and equipment operating costs 5,770 9,270 9,268 2
Contract services 49,500 54,300 54,296 4
Professional development 7,290 11,690 11,690 -
Recruitment - 840 838 2
Gift Shop retail 33,560 34,260 34,260 -
Special purchases, projects & studies:
Animal acquisition - 2,080 2,079 1
Deferred Maintenance Improvements - 29,530 29,524 6
Budget Variance with Final
Budget Positive
(Negative)
82
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - DETAIL (continued)
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Expenditures (continued):
Zoo (continued):
Capital outlay:
Exhibit Improvements -$ 39,210$ 39,205$ 5$
Total Zoo 869,420 927,130 927,011 119
Historic City Hall Rentals
Salaries and benefits - 820 815 5
Insurance - 230 222 8
Operating supplies - 490 484 6
Contract services - 580 580 -
Total Historic City Hall Rentals - 2,120 2,101 19
Public Works Administration:
Salaries and benefits 549,970 595,780 592,754 3,026
Office expense 6,600 5,840 5,834 6
Advertising 400 - - -
Computer maintenance and replacement 51,770 51,730 51,730 -
Insurance 11,320 11,320 11,317 3
Occupancy charges 13,580 13,580 13,580 -
Communications 2,400 1,850 1,843 7
Operating supplies 13,450 17,460 12,461 4,999
Vehicle operations 8,560 7,470 7,470 -
Contract services 44,500 81,010 65,792 15,218
Professional development 4,000 3,190 3,188 2
Recruitment 550 990 989 1
Contingency 7,000 - - -
Special purchases, projects & studies:
Storm Water Permits 24,200 24,200 - 24,200
Millhollin Mine Restoration - 3,810 3,805 5
Dormant project public improvements 10,000 30,400 30,374 26
Capital outlay:
Tablet Computers 2,400 2,690 2,683 7
Total Public Works Administration 750,700 851,320 803,820 47,500
Variance with Final
Budget Positive
(Negative)
Budget
83
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - DETAIL (continued)
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Expenditures (continued):
Public Works Operations:
Salaries and benefits 160,200$ 164,230$ 164,208$ 22$
Office expense 3,350 3,280 3,279 1
Computer maintenance and replacement 7,710 7,710 7,710 -
Insurance 4,140 3,980 3,971 9
Occupancy charges 10,200 9,310 9,304 6
Utilities 8,100 9,000 8,994 6
Communications 650 290 286 4
Operating supplies 400 1,210 1,206 4
Vehicle & equipment operating costs 1,150 670 663 7
Professional development 1,350 150 146 4
Total Public Works Operations 197,250 199,830 199,767 63
Parks:
Salaries and benefits 313,680 278,410 247,643 30,767
Computer maintenance and replacement 6,370 6,370 6,370 -
Insurance 9,750 9,650 9,647 3
Occupancy 5,890 5,890 5,890 -
Utilities 165,370 155,170 155,168 2
Communications 1,450 1,530 1,509 21
Operating supplies 38,130 38,710 38,698 12
Vehicle and equipment operations 24,140 22,620 22,616 4
Contract services 9,750 21,110 21,106 4
Professional development 1,150 1,350 1,350 -
Recruitment - 40 32 8
Special purchases, projects & studies:
Memorial Park Benches 1,000 1,260 1,251 9
Veteran's Memorial Repairs - 7,810 7,810 -
Lake Water Quality Improvements - 97,270 97,266 4
Capital outlay:
Paloma Park Test Water Well 10,000 10,000 - 10,000
Total Parks 586,680 657,190 616,356 40,834
Budget Variance with Final
Budget Positive
(Negative)
84
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - DETAIL (continued)
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Expenditures (continued):
Non-Departmental:
Special purchases, projects & studies:
Moving into & furnishings for City Hall 33,540$ 44,430$ 44,428$ 2$
Sound Equipment - 4,120 4,120 -
Security Camera Equipment 14,900 14,900 831 14,069
Earthquake recovery- relocation 2,670 7,990 1,320 6,670
Capital outlay:
Postage Machine/Folder Inserter 10,000 10,990 10,983 7
Total Non-Departmental 61,110 82,430 61,682 20,748
Total expenditures 17,934,350 18,704,570 17,764,765 939,805
Excess of revenues over (under)
expenditures (1,666,970) (1,736,970) 250,924 1,987,894
Other Financing Sources (Uses):
363,930 363,930 363,600 (330)
(1,080) (1,080) (1,080) -
Total other financing sources (uses)362,850 362,850 362,520 (330)
Excess of revenues and other sources over
(under) expenditures and other uses (1,304,120)$ (1,374,120)$ 613,444 1,987,564$
Fund balance, June 30, 2013 8,007,068
Fund balance, June 30, 2014 8,620,512$
Transfer to De Anza Landscape & Lighting
District for open space maintenance
Budget Variance with Final
Budget Positive
(Negative)
Transfer from Community Facilities District Fund
85
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
IN LIEU LOW/MODERATE INCOME HOUSING FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
Original Final Actual Amounts
Revenues:
Affordable Housing In Lieu Fees -$ -$ 90,992$ 90,992$
Affordable Housing Program Loans - - 1,295,400 1,295,400
Interest income 3,490 3,490 4,528 1,038
Total revenues 3,490 3,490 1,390,920 1,387,430
Expenditures:
Contract services 5,000 4,560 - 4,560
Administrative charges 37,130 37,570 37,570 -
Special projects:
Housing Element Implementation 9,710 9,710 1,512 8,198
Total expenditures 51,840 51,840 39,082 12,758
Net change in fund balance (48,350)$ (48,350)$ 1,351,838 1,400,188$
Fund balance, June 30, 2013 3,834,126
Fund balance, June 30, 2014 5,185,964$
Budget Variance with Final
Budget Positive
(Negative)
For the Fiscal Year Ended June 30, 2014
86
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
CIRCULATION SYSTEM FEES FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Revenues:
Impact fees 140,860$ 140,860$ 363,721$ 222,861$
Interest income 10,200 10,200 18,440 8,240
Total revenues 151,060 151,060 382,161 231,101
Expenditures:
Special projects and studies:
Minor interchange improvements 31,670 31,670 - 31,670
Capital outlay:
101 @ Del Rio Interchange Project 711,000 711,000 238,169 472,831
Santa Rosa Rd Operational Improvements 25,000 25,000 - 25,000
Total expenditures 767,670 767,670 238,169 529,501
Net change in fund balance (616,610)$ (616,610)$ 143,992 760,602$
Fund balance, June 30, 2013 922,435
Fund balance, June 30, 2014 1,066,427$
Budget Variance with Final
Budget Positive
(Negative)
87
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
FIRE AERIAL VEHICLE IMPACT FEES FUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Revenues:
Impact fees 1,210$ 1,210$ 417$ (793)$
Total revenues 1,210 1,210 417 (793)
Net change in fund balance 1,210$ 1,210$ 417 (793)$
Fund balance, June 30, 2013 (860,741)
Fund balance, June 30, 2014 (860,324)$
Budget Variance with Final
Budget Positive
(Negative)
88
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
SCHEDULE OF FUNDING PROGRESS FOR POSTEMPLOYMENT BENEFITS OTHER THAN PENSIONS
For the Fiscal Year Ended June 30, 2014
The following table provides required supplementary information regarding the City's postemployment healthcare benefits.
SCHEDULE OF FUNDING PROGRESS
Valuation Date
Actuarial Asset
Value
Actuarial Accrued
Liability (AAL)
Unfunded Liability
(Excess Assets)Funded Ratio
Annual Covered
Payroll
UAAL as a % of
Covered Payroll
6/30/2012 -$ 154,226$ 154,226$ 0.0%1,169,882$ 13.2%
6/30/2013 -$ 159,026$ 159,026$ 0.0%735,418$ 21.6%
6/30/2014 -$ 145,177$ 145,177$ 0.0%802,548$ 18.1%
89
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
OTHER SUPPLEMENTARY INFORMATION
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
HISTORIC CITY HALL REHABILITATION FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Revenues:
California Cultural Historical Endowment Grant- Mitigation 46,230$ 163,530$ 159,865$ (3,665)$
CalEMA- Earthquake Repair Funds 419,820 419,820 - (419,820)
CalEMA- Earthquake Mitigation Grant 184,620 184,620 184,621 1
FEMA- Earthquake Repair Funds 1,259,450 1,259,450 - (1,259,450)
FEMA- Earthquake Mitigation Grant 553,870 553,870 553,865 (5)
Donations 33,440 33,440 73,185 39,745
Interest income - - (28,743) (28,743)
Total revenues 2,497,430 2,614,730 942,793 (1,671,937)
Expenditures:
Special projects:
Fundraising Expenditures 20,000 20,000 23,978 (3,978)
Community Outreach - - 4,429 (4,429)
FEMA Administration 22,490 22,490 69,751 (47,261)
Capital outlay:
Historic City Hall - Earthquake Repairs 1,507,980 1,507,980 1,326,402 181,578
Historic City Hall - Rehabilitation 2,798,920 2,916,220 1,734,353 1,181,867
Total expenditures 4,349,390 4,466,690 3,158,913 1,307,777
Net change in fund balance (1,851,960)$ (1,851,960)$ (2,216,120) (364,160)$
Fund balance, June 30, 2013 1,728,168
Fund balance, June 30, 2014 (487,952)$
Budget Variance with Final
Budget Positive
(Negative)
90
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
2010 BOND DEBT SERVICE FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Revenues:
Interest income- cash & investments 140$ 140$ 17,975$ 17,835$
764,520 764,520 764,513 (7)
2,000 2,000 4,609 2,609
Total revenues 766,660 766,660 787,097 20,437
Expenditures:
Contract Services 2,000 2,000 1,750 250
Interest 764,520 764,520 764,513 7
Total expenditures 766,520 766,520 766,263 257
Net change in fund balance 140$ 140$ 20,834 20,694$
Fund balance, June 30, 2013 17,413,794
Fund balance, June 30, 2014 17,434,628$
Budget Variance with Final
Budget Positive
(Negative)
Interest income- 2010 reimbursement agreement with
the Successor Agency to the RDA
Other 2010 Lease Revenue from Successor Agency
91
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NONMAJOR GOVERNMENTAL FUNDS OVERVIEW
SPECIAL REVENUE FUNDS
The City has established the following special revenue funds in order to account for the proceeds from revenue sources that are restricted to
expenditures for specified purposes:
Supplemental Law Enforcement Services Fund
This fund is used for Supplemental Law Enforcement Services grant monies received, and to account for the allowed expenditures of these funds.
Atascadero Tourism Business Improvement District
The City established the Atascadero Tourism Business Improvement District (ATBID)effective June 1,2013 for the purpose of funding tourism promotion and
increasing stays at the lodging businesses in Atascadero.A two percent (2%)assessment is placed on the nightly rent of all occupied rooms or spaces for all
transient occupancies in Atascadero.
Community Development Block Grant Fund
This fund is used for Community Development Block Grant monies received from the federal government.These funds must be used for low or moderate income
projects,or to eliminate blight in the community.The City receives an annual allocation from the federal government,based on the number of qualified persons in
the City. The City holds an annual hearing to determine how this money is to be spent.
Tree Plant Fund
This fund accounts for Tree Mitigation Fees and the expenditure thereof.A fee may be paid by a developer in lieu of planting a tree on improved property.These
funds are then used for the preservation and planting of the City's native trees.
Gas Tax Fund
This fund accounts for gas tax monies received from the State, which are expended to maintain various streets within the City.
Local Transportation Fund
This fund accounts for Local Transportation funds that can be used for streets projects.Local Transportation Funds (LTF)must first be spent to meet any
reasonable community transit need.The City uses LTF monies to run the City's bus system and to contribute to San Luis Obispo Regional Transit Authority.Any
remaining funds are accounted for in this fund and must be used for bikepath projects and streets projects.
Street Assessment Fund
This fund accounts for assessments collected to maintain various streets within the City.
General Government Facilities Fees Fund
General Facilities are those limited to office or work buildings and equipment used by City staff to undertake their daily duties.As the City increases in both
population and new businesses,City Hall and the City maintenance yard will increasingly become overcrowded with growing staff.New facilities and equipment are
necessary to extend the current level of service to these new residents and businesses.Because the need for these new facilities and additional equipment is
directly related to new construction,a General Government Facilities Fee is charged on all new development.These fees are deposited into this fund and then
used for expanded/new facilities and equipment as listed in the Atascadero Master Facilities Plan, updated February 2006.
92
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NONMAJOR GOVERNMENTAL FUNDS OVERVIEW (continued)
SPECIAL REVENUE FUNDS (continued)
Storm Drainage Facilities Fees Fund
As vacant land is developed and bare dirt or turf is replaced with impervious rooftop,parking lots,driveways,pools and sidewalks,water runoff increases;the
cumulative effects of this additional runoff is managed by constructing the appropriate capital facilities.Because the need for these capital facilities is directly
related to new construction,a Storm Drainage Facilities Fee is charged on all new development.These fees are deposited into this fund and then used for the
construction of the new/increased/improved capital facilities as listed in the Atascadero Master Facilities Plan, updated February 2006.
Amapoa/Tecorida Drainage Impact Fees Fund
This fund accounts for Amapoa/Tecorida Drainage Fees collected on all development in the Amapoa/Tecorida area of the City,and were collected in addition to
other fees for necessary drainage improvement.In May 2003,the Council voted to rescind this fee and adopt one citywide drainage fee.All remaining funds are
being spent on drainage improvements in the Amapoa/Tecorida area.
Law Enforcement Facilities Fees Fund
Residents and businesses benefit from both direct (response to a call for service)and indirect (crime prevention programs,patrol,etc.)law enforcement services.
The addition of new residential units and new businesses necessarily increase the demand upon the law enforcement service level by creating more direct calls for
service,more area requiring preventive patrol,and in general,more opportunities for crimes to be committed.If law enforcement capabilities are not expanded,
then the increasing number of calls for service will reduce the amount of time available for preventive patrol.Because the need for additional police officers,as well
as the need for these officers to be equipped and housed,is directly related to new construction,a Law Enforcement Facilities Fee is charged on all new
development.These fees are deposited into this fund and then used for the purchase/construction of equipment/stations for these additional officers as listed in
the Atascadero Master Facilities Plan, updated February 2006.
Fire Facilities Fees Fund
In addition to providing fire prevention programs,the Fire Department responds to calls for fire and medical services from two existing fire stations.Each new
residential and business development creates more calls for service,increasing the likelihood of simultaneous (and thus competing)calls for service.Additionally,
as development spreads further from the existing stations,response times will necessarily increase,taking the existing engine companies out of service for greater
periods of time.These developments create the need for additional facilities and equipment.Because the need for these new facilities and additional equipment is
directly related to new construction,a Fire Facilities Fee is charged on all new development.These fees are deposited into this fund and then used for the
relocation/construction of fire stations, as well as the purchase of additional equipment, as listed in the Atascadero Master Facilities Plan, updated February 2006.
Open Space Acquisition Fees Fund
Future residential development, by increasing the City's population, will by definition impact the City's available land and decrease open space. Without open space
acquisition,the City's remaining available land will be developed and the City will lose much of its historic charm that is so valuable to residents.Because the need
for land acquisition is directly related to new construction,an Open Space Acquisition Fee is charged on all new development.These fees are deposited into this
fund and then used for land acquisitions as listed in the Atascadero Master Facilities Plan, updated February 2006.
93
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NONMAJOR GOVERNMENTAL FUNDS OVERVIEW (continued)
SPECIAL REVENUE FUNDS (continued)
Parkland Facilities Fees Fund
Residential development,by increasing the City's population,necessarily impacts the City's park system.Without future parkland and continued development of
currently owned,but underutilized parkland,the City's parks become overcrowded and overused with the ultimate result becoming a negative experience for park
users.Because the need for new facilities and land acquisitions is directly related to new construction,a Parkland Facilities Fee is charged on all new
development.These fees are deposited into this fund and then used for expanded/new facilities and land acquisitions as listed in the Atascadero Master Facilities
Plan, updated February 2006.
Public Facilities Fees Fund
The City currently has existing community use facilities,such as the Lake Pavilion and the Youth Center.Future additional residential units will increase the City's
population,placing ever greater demands on existing community use facilities,and new or expanded community center space will be necessary to extend the
current level of service to new residents.Because the need for these new facilities is directly related to new construction,a Public Facilities Fee is charged on all
new residential development.These fees are deposited into this fund and then used for expanded/new community use facilities as listed in the Atascadero Master
Facilities Plan, updated February 2006.
Library Expansion Facilities Fees Fund
The County Public Library System currently owns and maintains a library facility within the City limits.While the City is not the library service provider,the City's
residents and businesses have an interest in maintaining the library service levels.Additional development within the City will increase the demand for a larger
sized library and for more volumes within the library.Because the need for expanded library services is directly related to new construction,a Library Facilities Fee
is charged on all new development.These fees are deposited into this fund and then are used for the expansion of the amount of library facility space and the
expansion of the library collection as listed in the Atascadero Master Facilities Plan,updated February 2006.In December 2010,the County purchased a new
library facility at 6555 Capistrano Avenue.The City contributed a total of $315,180 toward the library expansion during the period spanning December 2010
through June 2014. This amount was a combination of impact fees and other funds that had been set aside for library expansion.
Community Facilities District Fund
This fund is used to account for fees assessed in the Community Facilities District.This district was established in 2005 in order to provide funding for expansion
of police,fire,and parks services as the City's population increases.Developments that must obtain Planning Commission approval are subject to annexation into
the city-wide district.
Apple Valley Street & Storm Drain Assessment District Fund
This fund is used to account for fees assessed in a development known as The Colony at Apple Valley.This assessment district was established in 2005 in order
to maintain the street and storm drain related improvements in the development.
94
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NONMAJOR GOVERNMENTAL FUNDS OVERVIEW (continued)
SPECIAL REVENUE FUNDS (continued) AND CAPITAL PROJECTS FUNDS
Apple Valley Landscape & Lighting Assessment District Fund
This fund is used to account for fees assessed in a development known as The Colony at Apple Valley.This assessment district was established in 2005 in order
to maintain the landscape & lighting related improvements in the development.
Las Lomas Street & Storm Drain Assessment District Fund
This fund is used to account for fees assessed in a development known as Las Lomas.This assessment district was established in 2005 in order to maintain the
street and storm drain related improvements in the development.
Las Lomas Landscape & Lighting Assessment District Fund
This fund is used to account for fees assessed in a development known as Las Lomas.This assessment district was established in 2005 in order to maintain the
landscape and lighting related improvements in the development.
De Anza Street & Storm Drain Assessment District Fund
This fund is used to account for fees assessed in a development known as De Anza Estates.This assessment district was established in 2005 in order to
maintain the street and storm drain related improvements in the development.
De Anza Landscape & Lighting Assessment District Fund
This fund is used to account for fees assessed in a development known as De Anza Estates.This assessment district was established in 2005 in order to
maintain the landscape and lighting related improvements in the development.
The City has established the following capital projects funds in order to account for expenditures for specific capital project purposes:
Capital Projects Fund
This fund is typically used to account for the financial resources used in the construction or acquisition of major capital facilities or equipment obtained by special
funding such as grants or dedicated reimbursements. It is also used as a type of clearinghouse for projects with many different sources of funding.
Blight Elimination Projects Fund
This fund is used to complete the Identified Blight Elimination Projects so indicated by the Executive Board of the former Community Redevelopment Agency of
Atascadero.These Projects are key components of the revised Downtown Revitalization Plan and will improve pedestrian,vehicle,and bicycle traffic;provide
adequate parking; and improve the economic vitality of the Downtown Core.
Youth Center Construction Fund
This fund accounts for funds received for and expended on the construction of the new Colony Park Community Center.
95
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NONMAJOR GOVERNMENTAL FUNDS OVERVIEW (continued)
DEBT SERVICE FUNDS
The City has established the debt service funds to account for the payment and accumulation of resources related to long-term debt principal and
interest for the following debt issues:
Assessment District #4 Debt Service Fund
This fund is used to account for fees assessed in Assessment District #4,and the related debt service payments.This assessment district was established in 1986
in order to construct sewer improvements in the area known as Separado/Cayucos.
1992 Street Assessment Improvement Fund
This fund is used to account for fees assessed in the 1992 Street Improvement Assessment District and the related debt service payments.This assessment
district was formed in 1992 in order to construct street improvements in two non-contiguous sections of the City:the Las Encinas area and the 3F Meadows area.
In accordance with the original bond agreement, the District called $180,000 in aggregate principal bonds on September 2, 1995.
96
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NONMAJOR GOVERNMENTAL FUNDS
COMBINING BALANCE SHEET
June 30, 2014
Supplemental
Law Enforcement
Services Fund
Atascadero
Tourism
Business
Improvement
District
Community
Development
Block Grant Fund Tree Plant Fund Gas Tax Fund
Local
Transportation
Fund
ASSETS
Cash and investments 79,405$ 109,756$ -$ 332,887$ 626,732$ 1,297,954$
Receivables:
Federal distributions due - - 81,823 - - -
Due from State of California 21,500 - - - - -
Due from County of San Luis Obispo - - - - - 453,594
Accrued interest 125 166 - 524 883 2,004
Other receivables - 46,838 363 - 11 -
Due from other funds - - - - - -
Prepaid items - - - - 730 -
Total assets 101,030$ 156,760$ 82,186$ 333,411$ 628,356$ 1,753,552$
LIABILITIES AND FUND BALANCES
Accounts payable 9,830$ 288$ 56,004$ 7,081$ 70,323$ -$
Accrued salaries and benefits 1,630 - - - 15,606 -
Due to other funds - - 26,182 - - -
Unearned revenue 88,643 - - - - -
Total liabilities 100,103 288 82,186 7,081 85,929 -
Fund Balances:
Nonspendable - - - - 730 -
Restricted 927 156,472 - 326,330 541,697 1,753,552
Assigned for road projects - - - - - -
Unassigned - - - - - -
Total fund balances 927 156,472 - 326,330 542,427 1,753,552
Total liabilities and fund balances 101,030$ 156,760$ 82,186$ 333,411$ 628,356$ 1,753,552$
Special Revenue Funds
97
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NONMAJOR GOVERNMENTAL FUNDS
COMBINING BALANCE SHEET (continued)
June 30, 2014
Special Revenue Funds
Street
Assessment
Fund
General
Government
Facilities Fees
Fund
Storm Drainage
Facilities Fees
Fund
Amapoa/
Tecorida
Drainage
Impact Fees
Fund
Law
Enforcement
Facilities Fees
Fund
Fire Facilities
Fees Fund
ASSETS
Cash and investments 63,379$ -$ 359,949$ -$ -$ 29,029$
Receivables:
Federal distributions due - - - - - -
Due from State of California - - - - - -
Due from County of San Luis Obispo 66 - - - - -
Accrued interest 98 - 539 - - 44
Other receivables - - - - - 299
Due from other funds - - - - - 860,324
Prepaid items - - - - - -
Total assets 63,543$ -$ 360,488$ -$ -$ 889,696$
LIABILITIES AND FUND BALANCES
Accounts payable -$ -$ 360$ -$ -$ 923$
Accrued salaries and benefits - - - - - -
Due to other funds - 231,796 - - 20,618 -
Unearned revenue - - - - - -
Total liabilities - 231,796 360 - 20,618 923
Fund Balances:
Nonspendable - - - - - -
Restricted 63,543 - 360,128 - - 888,773
Assigned for road projects - - - - - -
Unassigned - (231,796) - - (20,618) -
Total fund balances 63,543 (231,796) 360,128 - (20,618) 888,773
Total liabilities and fund balances 63,543$ -$ 360,488$ -$ -$ 889,696$
98
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NONMAJOR GOVERNMENTAL FUNDS
COMBINING BALANCE SHEET (continued)
June 30, 2014
Open Space
Acquisition Fees
Fund
Parkland
Facilities Fees
Fund
Public Facilities
Fees Fund
Library
Expansion
Facilities Fees
Fund
Community
Facilities
District Fund
ASSETS
Cash and investments 595,290$ 580,404$ 343,665$ 17,540$ 4,565$
Receivables:
Federal distributions due - - - - -
Due from State of California - - - - -
Due from County of San Luis Obispo - - - - 12,896
Accrued interest 898 830 - 26 -
Other receivables - - 509 - -
Due from other funds - - - - -
Prepaid items - - - - -
Total assets 596,188$ 581,234$ 344,174$ 17,566$ 17,461$
LIABILITIES AND FUND BALANCES
Accounts payable -$ -$ -$ -$ -$
Accrued salaries and benefits - - - - -
Due to other funds - - - - -
Unearned revenue - - - - -
Total liabilities - - - - -
Fund Balances:
Nonspendable - - - - -
Restricted 596,188 581,234 344,174 17,566 17,461
Assigned for road projects - - - - -
Unassigned - - - - -
Total fund balances 596,188 581,234 344,174 17,566 17,461
Total liabilities and fund balances 596,188$ 581,234$ 344,174$ 17,566$ 17,461$
Special Revenue Funds
99
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NONMAJOR GOVERNMENTAL FUNDS
COMBINING BALANCE SHEET (continued)
June 30, 2014
Apple Valley
Street & Storm
Drain
Assessment
District Fund
Apple Valley
Landscape &
Lighting
Assessment
District Fund
Las Lomas Street
& Storm Drain
Assessment
District Fund
Las Lomas
Landscape &
Lighting
Assessment
District Fund
De Anza Street
& Storm Drain
Assessment
District Fund
De Anza
Landscape &
Lighting
Assessment
District Fund
ASSETS
Cash and investments 285,545$ 171,668$ 256,143$ 226,327$ 269,534$ 119,531$
Receivables:
Federal distributions due - - - - - -
Due from State of California - - - - - -
Due from County of San Luis Obispo - - 2,852 9,631 1,806 791
Accrued interest 433 263 390 342 407 182
Other receivables - - - - - -
Due from other funds - - - - - -
Prepaid items - - - - - -
Total assets 285,978$ 171,931$ 259,385$ 236,300$ 271,747$ 120,504$
LIABILITIES AND FUND BALANCES
Accounts payable 742$ 4,909$ 742$ 4,305$ 741$ 1,260$
Accrued salaries and benefits - - - - - -
Due to other funds - - - - - -
Unearned revenue - 75,000 - - - -
Total liabilities 742 79,909 742 4,305 741 1,260
Fund Balances:
Nonspendable - - - - - -
Restricted 285,236 92,022 258,643 231,995 271,006 119,244
Assigned for road projects - - - - - -
Unassigned - - - - - -
Total fund balances 285,236 92,022 258,643 231,995 271,006 119,244
Total liabilities and fund balances 285,978$ 171,931$ 259,385$ 236,300$ 271,747$ 120,504$
Special Revenue Funds
100
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NONMAJOR GOVERNMENTAL FUNDS
COMBINING BALANCE SHEET (continued)
June 30, 2014
Capital Projects
Fund
Blight
Elimination
Projects Fund
Youth Center
Construction
Fund
Assessment
District #4 Debt
Service Fund
1992 Street
Assessment
Improvement
Fund TOTALS
ASSETS
Cash and investments 207,129$ -$ -$ 50,457$ 170,603$ 6,197,492$
Receivables:
Federal distributions due 4,530 - 303,824 - - 390,177
Due from State of California 483,100 - 101,275 - - 605,875
Due from County of San Luis Obispo 126,330 - - - - 607,966
Accrued interest 384 - - 78 262 8,878
Other receivables - - - - - 48,020
Due from other funds - 1,478,340 - - - 2,338,664
Prepaid items - - - - - 730
Total assets 821,473$ 1,478,340$ 405,099$ 50,535$ 170,865$ 10,197,802$
LIABILITIES AND FUND BALANCES
Accounts payable 19,834$ -$ -$ -$ -$ 177,342$
Accrued salaries and benefits - - - - - 17,236
Due to other funds - - 399,922 - - 678,518
Unearned revenue 111,115 - 5,177 - - 279,935
Total liabilities 130,949 - 405,099 - - 1,153,031
Fund Balances:
Nonspendable - - - - - 730
Restricted 362,597 1,478,340 - 50,535 170,865 8,968,528
Assigned for road projects 327,927 - - - - 327,927
Unassigned - - - - - (252,414)
Total fund balances 690,524 1,478,340 - 50,535 170,865 9,044,771
Total liabilities and fund balances 821,473$ 1,478,340$ 405,099$ 50,535$ 170,865$ 10,197,802$
Debt Service FundsCapital Projects Funds
101
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NONMAJOR GOVERNMENTAL FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
For Fiscal Year Ended June 30, 2014
Supplemental
Law Enforcement
Services Fund
Atascadero
Tourism
Business
Improvement
District
Community
Development
Block Grant Fund Tree Plant Fund Gas Tax Fund
Local
Transportation
Fund
Revenues:
Taxes and assessments -$ 142,324$ -$ -$ -$ -$
Licenses and permits - - - 1,550 - -
Intergovernmental revenues 52,691 - 229,991 - 894,659 882,375
Use of money and property 508 1,029 - 3,473 5,501 11,855
Other revenues - - - - 1,127 -
Total revenues 53,199 143,353 229,991 5,023 901,287 894,230
Expenditures:
Salaries and benefits 21,069 - - - 322,937 -
Supplies and services 18,215 1,711 7,734 52,867 424,921 -
Special projects and studies 2,963 - 25,760 10,340 61,758 9,636
Capital outlay 160,859 - 196,497 - 3,675 130,474
Total expenditures 203,106 1,711 229,991 63,207 813,291 140,110
Excess of revenues over
(under) expenditures (149,907) 141,642 - (58,184) 87,996 754,120
Other Financing Sources (Uses):
Transfers in 150,000 - - - - -
Transfers out - - - - - (347)
Total other financing
sources (uses)150,000 - - - - (347)
Net change in fund balances 93 141,642 - (58,184) 87,996 753,773
Fund balance, June 30, 2013 834 14,830 - 384,514 454,431 999,779
Fund balance, June 30, 2014 927$ 156,472$ -$ 326,330$ 542,427$ 1,753,552$
Special Revenue Funds
102
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NONMAJOR GOVERNMENTAL FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES (continued)
For Fiscal Year Ended June 30, 2014
Street
Assessment
Fund
General
Government
Facilities Fees
Fund
Storm Drainage
Facilities Fees
Fund
Amapoa/
Tecorida
Drainage
Impact Fees
Fund
Law
Enforcement
Facilities Fees
Fund
Fire Facilities
Fees Fund
Revenues:
Taxes and assessments 2,140$ -$ -$ -$ -$ -$
Licenses and permits - 51,276 83,875 642 46,319 86,637
Intergovernmental revenues - - - - - -
Use of money and property 620 (2,638) 3,698 (26) 452 11,173
Other revenues - - - - - -
Total revenues 2,760 48,638 87,573 616 46,771 97,810
Expenditures:
Salaries and benefits - - - - - -
Supplies and services - - - - - -
Special projects and studies - - - - - 37,518
Capital outlay - - 372,153 - - 15,287
Total expenditures - - 372,153 - - 52,805
Excess of revenues over
(under) expenditures 2,760 48,638 (284,580) 616 46,771 45,005
Other Financing Sources (Uses):
Transfers in - - 23,754 - - -
Transfers out - - - (23,754) (150,000) -
Total other financing
sources (uses)- - 23,754 (23,754) (150,000) -
Net change in fund balances 2,760 48,638 (260,826) (23,138) (103,229) 45,005
Fund balance, June 30, 2013 60,783 (280,434) 620,954 23,138 82,611 843,768
Fund balance, June 30, 2014 63,543$ (231,796)$ 360,128$ -$ (20,618)$ 888,773$
Special Revenue Funds
103
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NONMAJOR GOVERNMENTAL FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES (continued)
For Fiscal Year Ended June 30, 2014
Open Space
Acquisition Fees
Fund
Parkland
Facilities Fees
Fund
Public Facilities
Fees Fund
Library
Expansion
Facilities Fees
Fund
Community
Facilities
District Fund
Revenues:
Taxes and assessments -$ -$ -$ -$ 375,141$
Licenses and permits 100,736 360,085 108,509 40,187 -
Intergovernmental revenues - - - - -
Use of money and property 5,687 4,970 3,173 109 16
Other revenues - 1,000 - - -
Total revenues 106,423 366,055 111,682 40,296 375,157
Expenditures:
Salaries and benefits - - - - -
Supplies and services - - - - 4,682
Special projects and studies - - - 40,000 -
Capital outlay - 10,880 - - -
Total expenditures - 10,880 - 40,000 4,682
Excess of revenues over
(under) expenditures 106,423 355,175 111,682 296 370,475
Other Financing Sources (Uses):
Transfers in - - - - -
Transfers out - - - - (363,600)
Total other financing
sources (uses)- - - - (363,600)
Net change in fund balances 106,423 355,175 111,682 296 6,875
Fund balance, June 30, 2013 489,765 226,059 232,492 17,270 10,586
Fund balance, June 30, 2014 596,188$ 581,234$ 344,174$ 17,566$ 17,461$
Special Revenue Funds
104
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NONMAJOR GOVERNMENTAL FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES (continued)
For Fiscal Year Ended June 30, 2014
Apple Valley
Street & Storm
Drain
Assessment
District Fund
Apple Valley
Landscape &
Lighting
Assessment
District Fund
Las Lomas Street
& Storm Drain
Assessment
District Fund
Las Lomas
Landscape &
Lighting
Assessment
District Fund
De Anza Street
& Storm Drain
Assessment
District Fund
De Anza
Landscape &
Lighting
Assessment
District Fund
Revenues:
Taxes and assessments 42,000$ 52,500$ 23,741$ 81,649$ 40,090$ 15,874$
Licenses and permits - - - - - -
Intergovernmental revenues - - - - - -
Use of money and property 2,648 1,557 2,475 2,129 2,555 1,163
Other revenues - - - - - -
Total revenues 44,648 54,057 26,216 83,778 42,645 17,037
Expenditures:
Salaries and benefits - - - - - -
Supplies and services 5,086 63,502 4,753 58,751 5,431 16,894
Special projects and studies 35,177 - - - - -
Capital outlay - - - - - -
Total expenditures 40,263 63,502 4,753 58,751 5,431 16,894
Excess of revenues over
(under) expenditures 4,385 (9,445) 21,463 25,027 37,214 143
Other Financing Sources (Uses):
Transfers in - - - - - 1,080
Transfers out - - - - - -
Total other financing
sources (uses)- - - - - 1,080
Net change in fund balances 4,385 (9,445) 21,463 25,027 37,214 1,223
Fund balance, June 30, 2013 280,851 101,467 237,180 206,968 233,792 118,021
Fund balance, June 30, 2014 285,236$ 92,022$ 258,643$ 231,995$ 271,006$ 119,244$
Special Revenue Funds
105
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
NONMAJOR GOVERNMENTAL FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES (continued)
For Fiscal Year Ended June 30, 2014
Capital Projects
Fund
Blight
Elimination
Projects Fund
Youth Center
Construction
Fund
Assessment
District #4 Debt
Service Fund
1992 Street
Assessment
Improvement
Fund TOTALS
Revenues:
Taxes and assessments -$ -$ -$ -$ -$ 775,459$
Licenses and permits - - - - - 879,816
Intergovernmental revenues 862,442 - - - - 2,922,158
Use of money and property 3,093 14,291 - 498 1,685 81,694
Other revenues - 7,676 108 - - 9,911
Total revenues 865,535 21,967 108 498 1,685 4,669,038
Expenditures:
Salaries and benefits - - - - - 344,006
Supplies and services - - 108 - 25 664,680
Special projects and studies 16,584 - - - - 239,736
Capital outlay 907,765 44,543 - - - 1,842,133
Total expenditures 924,349 44,543 108 - 25 3,090,555
Excess of revenues over
(under) expenditures (58,814) (22,576) - 498 1,660 1,578,483
Other Financing Sources (Uses):
Transfers in 347 - - - - 175,181
Transfers out - - - - - (537,701)
Total other financing
sources (uses)347 - - - - (362,520)
Net change in fund balances (58,467) (22,576) - 498 1,660 1,215,963
Fund balance, June 30, 2013 748,991 1,500,916 - 50,037 169,205 7,828,808
Fund balance, June 30, 2014 690,524$ 1,478,340$ -$ 50,535$ 170,865$ 9,044,771$
Debt Service FundsCapital Projects Funds
106
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
SUPPLEMENTAL LAW ENFORCEMENT SERVICES FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Revenues:
S.L.E.S.F. Grant 99,430$ 123,930$ 52,691$ (71,239)$
Interest income 200 200 508 308
Total revenues 99,630 124,130 53,199 (70,931)
Expenditures:
Employee services 18,970 27,340 21,069 6,271
Communications - 200 191 9
Operating Supplies 4,200 15,700 15,624 76
Contract Services 2,000 2,330 1,455 875
Recruitment - 1,000 945 55
Special projects and purchases:
Lidar/Radar Equipment - 1,900 1,822 78
Software - 1,100 1,100 -
Night Vision Optics - 100 41 59
Capital outlay:
Orbacom Radio System Upgrade Project 225,000 225,000 160,859 64,141
Total expenditures 250,170 274,670 203,106 71,564
Excess of revenues over (under) expenditures (150,540) (150,540) (149,907) 633
Other Financing Sources (Uses):
150,000 150,000 150,000 -
Total other financing sources (uses)150,000 150,000 150,000 -
Net change in fund balance (540)$ (540)$ 93 633$
Fund balance, June 30, 2013 834
Fund balance, June 30, 2014 927$
Transfer from the Law Enforcement Facilities Fees Fund
for Orbacom Radio System Upgrade Project
Budget Variance with Final
Budget Positive
(Negative)
107
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
ATASCADERO TOURISM BUSINESS IMPROVEMENT DISTRICT FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Revenues:
Tourism Assessments 129,980$ 129,980$ 142,324$ 12,344$
Interest Income 170 170 1,029 859
Total revenues 130,150 130,150 143,353 13,203
Expenditures:
Office Expense 2,000 2,000 - 2,000
Advertising 8,000 8,000 288 7,712
Contract Services 90,000 90,000 - 90,000
Administration 1,300 1,300 1,423 (123)
Total expenditures 101,300 101,300 1,711 99,589
Net change in fund balance 28,850$ 28,850$ 141,642 112,792$
Fund balance, June 30, 2013 14,830
Fund balance, June 30, 2014 156,472$
Budget Variance with Final
Budget Positive
(Negative)
108
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
COMMUNITY DEVELOPMENT BLOCK GRANT FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Revenues:
Community Development Block Grant 346,150$ 469,510$ 229,991$ (239,519)$
Total revenues 346,150 469,510 229,991 (239,519)
Expenditures:
Administration:
CDBG General Administration 14,290 29,750 7,734 22,016
Special projects and studies:
El Camino Homeless Organization - 3,700 - 3,700
North County Women's Shelter Projects 3,200 15,340 - 15,340
Loaves & Fishes Groceries - 7,800 7,800 -
Youth Scholarships - 8,000 8,000 -
People's Self Help Housing Projects 8,400 8,400 8,400 -
North County Connection 55,000 55,000 - 55,000
North County Adaptive Sports & Recreation 1,560 2,290 1,560 730
Capital outlay:
Lake Park Walkway Barrier Removal 263,700 339,230 196,497 142,733
Total expenditures 346,150 469,510 229,991 239,519
Net change in fund balance -$ -$ - -$
Fund balance, June 30, 2013 -
Fund balance, June 30, 2014 -$
Budget Variance with Final
Budget Positive
(Negative)
109
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
TREE PLANT FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Revenues:
Permits and fees 5,000$ 5,000$ 1,550$ (3,450)$
Interest income 2,950 2,950 3,473 523
Total revenues 7,950 7,950 5,023 (2,927)
Expenditures:
Office Expense 600 600 - 600
Utilities 700 700 370 330
Contract Services 54,000 54,000 45,747 8,253
Administrative charges 7,100 7,100 6,750 350
Special projects and studies:
Native Tree Re-Planting Project 92,220 92,220 10,340 81,880
Total expenditures 154,620 154,620 63,207 91,413
Net change in fund balance (146,670)$ (146,670)$ (58,184) 88,486$
Fund balance, June 30, 2013 384,514
Fund balance, June 30, 2014 326,330$
Budget Variance with Final
Budget Positive
(Negative)
110
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
GAS TAX FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Revenues:
Section 2103 highway users tax 405,680$ 405,680$ 379,728$ (25,952)$
Section 2105 highway users tax 133,900 133,900 188,559 54,659
Section 2106 highway users tax 93,560 93,560 119,741 26,181
Section 2107 highway users tax 199,350 199,350 200,631 1,281
Section 2107.5 highway users tax 6,000 6,000 6,000 -
Interest income 5,930 5,930 5,501 (429)
Other revenues - - 1,127 1,127
Total revenues 844,420 844,420 901,287 56,867
Expenditures:
Salaries and benefits 337,230 340,640 322,937 17,703
Office expense - 10 7 3
Computer maintenance & replacement 3,560 3,560 3,560 -
Insurance 13,110 13,110 12,958 152
Utilities 68,700 77,220 77,219 1
Communications 1,750 2,070 2,050 20
Operating supplies and equipment 43,400 39,720 21,411 18,309
Vehicle and equipment operations 48,910 48,910 47,825 1,085
Contract services 110,400 80,430 66,592 13,838
Professional development 3,300 3,300 2,219 1,081
Administrative charges 191,080 191,080 191,080 -
Special projects:
Traffic Loop Detector Projects 11,000 11,000 6,869 4,131
Traffic Signal LED Light Replacement 62,000 62,000 108 61,892
Citywide Skin Patch Repair Program 75,000 75,000 36,968 38,032
Traffic Signal Emergency Back-up Program 24,000 24,000 108 23,892
Pavement Management Studies - 17,710 17,705 5
Capital outlay:
Pavement Paint Sprayer - 3,680 3,675 5
Total expenditures 993,440 993,440 813,291 180,149
Net change in fund balance (149,020)$ (149,020)$ 87,996 237,016$
Fund balance, June 30, 2013 454,431
Fund balance, June 30, 2014 542,427$
Budget Variance with Final
Budget Positive
(Negative)
111
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
LOCAL TRANSPORTATION FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Revenues:
Local Transportation Tax- Article 3 Bike Paths 28,400$ 28,400$ 26,974$ (1,426)$
Local Transportation Tax- Article 8 Streets 733,660 733,660 855,401 121,741
Interest income 5,020 5,020 11,855 6,835
Total revenues 767,080 767,080 894,230 127,150
Expenditures:
Special projects:
Minor Bridge Repair 40,360 40,360 9,636 30,724
Capital outlay:
El Camino Real CIR Rehabilitation Project 250,000 250,000 1,910 248,090
San Anselmo CIR Rehabilitation Project 157,500 157,500 - 157,500
Santa Barbara Road West Overlay Project 24,000 24,000 1,772 22,228
San Luis Avenue Surface Treatment Project 141,110 141,110 120,024 21,086
San Lucas Road Landslide Repair 100,000 100,000 - 100,000
East Front Overlay 245,760 245,760 6,768 238,992
Total expenditures 958,730 958,730 140,110 818,620
Excess of revenues over (under) expenditures (191,650) (191,650) 754,120 945,770
Other Financing Sources (Uses):
(12,010) (12,010) (347) 11,663
Total other financing sources (uses)(12,010) (12,010) (347) 11,663
Net change in fund balance (203,660)$ (203,660)$ 753,773 957,433$
Fund balance, June 30, 2013 999,779
Fund balance, June 30, 2014 1,753,552$
Budget Variance with Final
Budget Positive
(Negative)
Transfer to Capital Projects Fund for the Atascadero
Creek Trail Enhancement Project
112
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
STREET ASSESSMENT FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Revenues:
Taxes and special assessments- Lobos Lane 280$ 280$ 280$ -$
Taxes and special assessments- Sonora / Pinal 360 360 360 -
Taxes and special assessments- Maleza 180 180 180 -
Taxes and special assessments- San Fernando 580 580 580 -
Taxes and special assessments- Aguila 100 100 100 -
Taxes and special assessments- Pinal / Escarpa 180 180 180 -
Taxes and special assessments- Cayucos 220 220 220 -
Taxes and special assessments- Falda 240 240 240 -
Interest income 620 620 620 -
Total revenues 2,760 2,760 2,760 -
Net change in fund balance 2,760$ 2,760$ 2,760 -$
Fund balance, June 30, 2013 60,783
Fund balance, June 30, 2014 63,543$
Budget Variance with Final
Budget Positive
(Negative)
113
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
GENERAL GOVERNMENT FACILITIES FEES FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Revenues:
Impact fees 20,500$ 20,500$ 51,276$ 30,776$
Interest income (expense)(2,820) (2,820) (2,638) 182
Total revenues 17,680 17,680 48,638 30,958
Net change in fund balance 17,680$ 17,680$ 48,638 30,958$
Fund balance, June 30, 2013 (280,434)
Fund balance, June 30, 2014 (231,796)$
Variance with Final
Budget Positive
(Negative)
Budget
114
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
STORM DRAINAGE FACILITIES FEES FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Revenues:
Impact fees 38,260$ 38,260$ 83,875$ 45,615$
Interest income 3,520 3,520 3,698 178
Total revenues 41,780 41,780 87,573 45,793
Expenditures:
Special projects:
Atascadero Creek Corps of Engineering 24,960 24,960 - 24,960
Capital projects:
2006 Marchant Avenue Drainage 447,260 447,260 372,153 75,107
El Camino Real Culvert Relining 95,000 95,000 - 95,000
Total expenditures 567,220 567,220 372,153 195,067
Excess of revenues over (under) expenditures (525,440) (525,440) (284,580) 240,860
Other Financing Sources (Uses):
23,570 23,570 23,754 184
Total other financing sources (uses)23,570 23,570 23,754 184
Net change in fund balance (501,870)$ (501,870)$ (260,826) 241,044$
Fund balance, June 30, 2013 620,954
Fund balance, June 30, 2014 360,128$
Transfer from Amapoa Tecorida Drainage Impact Fee
Fund for the Marchant Drainage Project
Budget Variance with Final
Budget Positive
(Negative)
115
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
AMAPOA/TECORIDA DRAINAGE IMPACT FEES FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
Original Final Actual Amounts
Revenues:
Licenses and permits -$ 640$ 642$ 2$
Interest income 80 80 (26) (106)
Total revenues 80 720 616 (104)
Excess of revenues over (under) expenditures 80 720 616 (104)
Other Financing Sources (Uses):
(23,570) (24,210) (23,754) 456
Total other financing sources (uses)(23,570) (24,210) (23,754) 456
Net change in fund balance (23,490)$ (23,490)$ (23,138) 352$
Fund balance, June 30, 2013 23,138
Fund balance, June 30, 2014 -$
For the Fiscal Year Ended June 30, 2014
Budget Variance with Final
Budget Positive
(Negative)
Transfer to the Storm Drainage Facilities Fees Fund
for the Marchant Drainage Project
116
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
LAW ENFORCEMENT FACILITIES FEES FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Revenues:
Impact fees 25,160$ 25,160$ 46,319$ 21,159$
Interest income - - 452 452
Total revenues 25,160 25,160 46,771 21,611
Excess of revenues over (under) expenditures 25,160 25,160 46,771 21,611
Other Financing Sources (Uses):
(150,000) (150,000) (150,000) -
Total other financing sources (uses)(150,000) (150,000) (150,000) -
Net change in fund balance (124,840)$ (124,840)$ (103,229) 21,611$
Fund balance, June 30, 2013 82,611
Fund balance, June 30, 2014 (20,618)$
Transfer to SLESF Fund for Orbacom Radio System
Upgrade Project
Budget Variance with Final
Budget Positive
(Negative)
117
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
FIRE FACILITIES FEES FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Revenues:
Impact fees 47,400$ 47,400$ 86,637$ 39,237$
Rental income 10,800 10,800 10,800 -
Interest income - - 373 373
Total revenues 58,200 58,200 97,810 39,610
Expenditures:
Special projects and studies:
Personal Protective Equipment 39,000 39,000 37,518 1,482
Capital projects:
Upgrade to Priority Repeater System 30,000 30,000 15,287 14,713
Total expenditures 69,000 69,000 52,805 16,195
Net change in fund balance (10,800)$ (10,800)$ 45,005 55,805$
Fund balance, June 30, 2013 843,768
Fund balance, June 30, 2014 888,773$
Variance with Final
Budget Positive
(Negative)
Budget
118
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
OPEN SPACE ACQUISITION FEES FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Revenues:
Impact fees 48,430$ 48,430$ 100,736$ 52,306$
Interest income 4,830 4,830 5,687 857
Total revenues 53,260 53,260 106,423 53,163
Expenditures:
Capital Projects
Acquisition of Open Space 20,000 20,000 - 20,000
Total expenditures 20,000 20,000 - 20,000
Net change in fund balance 33,260$ 33,260$ 106,423 73,163$
Fund balance, June 30, 2013 489,765
Fund balance, June 30, 2014 596,188$
Variance with Final
Budget Positive
(Negative)
Budget
119
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
PARKLAND FACILITIES FEES FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Revenues:
Impact fees 183,510$ 183,510$ 360,085$ 176,575$
Fire Safe Council Grant 2,190 2,190 - (2,190)
Interest income 1,950 1,950 4,970 3,020
Donations - - 1,000 1,000
Total revenues 187,650 187,650 366,055 178,405
Expenditures:
Capital Projects
Lake Fountains 20,000 20,000 10,880 9,120
Centennial Plaza Project 50,000 50,000 - 50,000
Total expenditures 70,000 70,000 10,880 59,120
Excess of revenues over (under) expenditures 117,650 117,650 355,175 237,525
Net change in fund balance 117,650$ 117,650$ 355,175 237,525$
Fund balance, June 30, 2013 226,059
Fund balance, June 30, 2014 581,234$
Budget Variance with Final
Budget Positive
(Negative)
120
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
PUBLIC FACILITIES FEES FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Revenues:
Impact fees 61,900$ 61,900$ 108,509$ 46,609$
Interest income 2,160 2,160 3,173 1,013
Total revenues 64,060 64,060 111,682 47,622
Net change in fund balance 64,060$ 64,060$ 111,682 47,622$
Fund balance, June 30, 2013 232,492
Fund balance, June 30, 2014 344,174$
Variance with Final
Budget Positive
(Negative)
Budget
121
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
LIBRARY EXPANSION FACILITIES FEES FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Revenues:
Impact fees 19,980$ 19,980$ 40,187$ 20,207$
Interest income - - 109 109
Total revenues 19,980 19,980 40,296 20,316
Expenditures:
Special projects
Library Expansion Contribution 30,000 40,000 40,000 -
Total expenditures 30,000 40,000 40,000 -
Net change in fund balance (10,020)$ (20,020)$ 296 20,316$
Fund balance, June 30, 2013 17,270
Fund balance, June 30, 2014 17,566$
Budget Variance with Final
Budget Positive
(Negative)
122
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
COMMUNITY FACILITIES DISTRICT FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
Original Final Actual Amounts
Revenues:
Taxes and assessments 359,970$ 359,970$ 375,141$ 15,171$
Interest income - - 16 16
Total revenues 359,970 359,970 375,157 15,187
Expenditures:
Contract services 5,500 5,500 4,682 818
Total expenditures 5,500 5,500 4,682 818
Excess of revenues over (under) expenditures 354,470 354,470 370,475 16,005
Other Financing Sources (Uses):
(363,930) (363,930) (363,600) 330
Total other financing sources (uses)(363,930) (363,930) (363,600) 330
Net change in fund balance (9,460)$ (9,460)$ 6,875 16,335$
Fund balance, June 30, 2013 10,586
Fund balance, June 30, 2014 17,461$
For the Fiscal Year Ended June 30, 2014
Budget Variance with Final
Budget Positive
(Negative)
Transfer to the General Fund for police, fire and
parks services
123
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
APPLE VALLEY STREET & STORM DRAIN ASSESSMENT DISTRICT FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
Original Final Actual Amounts
Revenues:
Taxes and assessments 42,000$ 42,000$ 42,000$ -$
Interest income 2,480 2,480 2,648 168
Total revenues 44,480 44,480 44,648 168
Expenditures:
Advertising 600 600 741 (141)
Contract services 6,760 6,760 2,803 3,957
Administration 1,200 1,200 1,542 (342)
Special projects:
Slurry seal 48,950 48,950 35,177 13,773
Total expenditures 57,510 57,510 40,263 17,247
Net change in fund balance (13,030)$ (13,030)$ 4,385 17,415$
Fund balance, June 30, 2013 280,851
Fund balance, June 30, 2014 285,236$
Variance with Final
Budget Positive
(Negative)
Budget
For the Fiscal Year Ended June 30, 2014
124
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
APPLE VALLEY LANDSCAPE & LIGHTING ASSESSMENT DISTRICT FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
Original Final Actual Amounts
Revenues:
Taxes and assessments 52,500$ 52,500$ 52,500$ -$
Interest income 1,210 1,210 1,557 347
Total revenues 53,710 53,710 54,057 347
Expenditures:
Advertising 900 900 536 364
Utilities 12,680 12,680 14,602 (1,922)
Operating supplies 1,800 1,800 74 1,726
Contract services 55,160 55,160 45,917 9,243
Administration 1,400 1,400 2,373 (973)
Total expenditures 71,940 71,940 63,502 8,438
Net change in fund balance (18,230)$ (18,230)$ (9,445) 8,785$
Fund balance, June 30, 2013 101,467
Fund balance, June 30, 2014 92,022$
For the Fiscal Year Ended June 30, 2014
Budget Variance with Final
Budget Positive
(Negative)
125
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
LAS LOMAS STREET & STORM DRAIN ASSESSMENT DISTRICT FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
Original Final Actual Amounts
Revenues:
Taxes and assessments 23,640$ 23,640$ 23,741$ 101$
Interest income 2,380 2,380 2,475 95
Total revenues 26,020 26,020 26,216 196
Expenditures:
Advertising 600 600 741 (141)
Contract services 11,100 11,100 2,803 8,297
Administration 1,200 1,200 1,209 (9)
Total expenditures 12,900 12,900 4,753 8,147
Net change in fund balance 13,120$ 13,120$ 21,463 8,343$
Fund balance, June 30, 2013 237,180
Fund balance, June 30, 2014 258,643$
For the Fiscal Year Ended June 30, 2014
Budget Variance with Final
Budget Positive
(Negative)
126
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
LAS LOMAS LANDSCAPE & LIGHTING ASSESSMENT DISTRICT FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
Original Final Actual Amounts
Revenues:
Taxes and assessments 81,650$ 81,650$ 81,649$ (1)$
Interest income 1,680 1,680 2,129 449
Total revenues 83,330 83,330 83,778 448
Expenditures:
Advertising 1,000 1,000 412 588
Utilities 4,860 4,860 7,049 (2,189)
Operating supplies 6,900 6,900 420 6,480
Contract services 84,540 84,540 47,269 37,271
Administration 1,220 1,220 3,601 (2,381)
Special projects:
Planting and landscape project 17,530 17,530 - 17,530
Total expenditures 116,050 116,050 58,751 57,299
Net change in fund balance (32,720)$ (32,720)$ 25,027 57,747$
Fund balance, June 30, 2013 206,968
Fund balance, June 30, 2014 231,995$
Variance with Final
Budget Positive
(Negative)
For the Fiscal Year Ended June 30, 2014
Budget
127
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
DE ANZA STREET & STORM DRAIN ASSESSMENT DISTRICT FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
Original Final Actual Amounts
Revenues:
Taxes and assessments 40,090$ 40,090$ 40,090$ -$
Interest income 2,370 2,370 2,555 185
Total revenues 42,460 42,460 42,645 185
Expenditures:
Advertising 900 900 741 159
Contract services 9,970 9,970 2,803 7,167
Administration 1,400 1,400 1,887 (487)
Total expenditures 12,270 12,270 5,431 6,839
Net change in fund balance 30,190$ 30,190$ 37,214 7,024$
Fund balance, June 30, 2013 233,792
Fund balance, June 30, 2014 271,006$
For the Fiscal Year Ended June 30, 2014
Budget Variance with Final
Budget Positive
(Negative)
128
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
DE ANZA LANDSCAPE & LIGHTING ASSESSMENT DISTRICT FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
Original Final Actual Amounts
Revenues:
Taxes and assessments 15,880$ 15,880$ 15,874$ (6)$
Interest income 1,220 1,220 1,163 (57)
Total revenues 17,100 17,100 17,037 (63)
Expenditures:
Advertising 980 980 536 444
Utilities 500 500 306 194
Operating supplies 800 800 74 726
Contract services 21,810 21,810 13,431 8,379
Administration 1,800 1,800 2,547 (747)
Total expenditures 25,890 25,890 16,894 8,996
Excess of revenues over (under) expenditures (8,790) (8,790) 143 8,933
Other Financing Sources (Uses):
1,080 1,080 1,080 -
Total other financing sources (uses)1,080 1,080 1,080 -
Net change in fund balance (7,710)$ (7,710)$ 1,223 8,933$
Fund balance, June 30, 2013 118,021
Fund balance, June 30, 2014 119,244$
Transfer from the General Fund for
open space maintenance
For the Fiscal Year Ended June 30, 2014
Budget Variance with Final
Budget Positive
(Negative)
129
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
CAPITAL PROJECTS FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Revenues:
Proposition 1B Funding- 2012 El Camino Slurry Seal Project 403,300$ 403,300$ 292,183$ (111,117)$
RSHA Grant- Highway 41 Multipurpose Pathway 125,000 126,330 126,330 -
State River Parkways Grant- Creek Trail Project 418,560 418,560 - (418,560)
Zoo & Lake Park Green Parking Lot Grant 526,560 526,560 443,929 (82,631)
Interest income 5,110 5,110 3,093 (2,017)
Total revenues 1,478,530 1,479,860 865,535 (614,325)
Expenditures:
Special projects and purchases:
Annual Crack Fill Program 42,720 42,720 7,251 35,469
Llano Bridge 30,000 30,000 9,333 20,667
Capital outlay:
2012 El Camino Slurry Seal Project 403,300 403,300 292,183 111,117
Lake View Overlay Project 375,000 375,000 10,018 364,982
Microsurfacing Roads Around City Hall - - 30,163 (30,163)
Highway 41 Multipurpose Pathway Project 125,000 126,330 126,330 -
Atascadero Creek Trail Enhancement Project 430,570 430,570 347 430,223
Zoo & Lake Park Green Parking Lot 526,560 526,560 448,724 77,836
Total expenditures 1,933,150 1,934,480 924,349 1,010,131
Excess of revenues over (under) expenditures (454,620) (454,620) (58,814) 395,806
Other Financing Sources:
12,010 12,010 347 (11,663)
Total other financing sources (uses)12,010 12,010 347 (11,663)
Net change in fund balance (442,610)$ (442,610)$ (58,467) 384,143$
Fund balance, June 30, 2013 748,991
Fund balance, June 30, 2014 690,524$
Transfer from the Local Transportation Fund for the
Atascadero Creek Trail Enhancement Project
Variance with Final
Budget Positive
(Negative)
Budget
130
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
BLIGHT ELIMINATION PROJECTS FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Revenues:
Interest income 1,200$ 1,200$ 14,291$ 13,091$
Donations 20,000 20,000 7,676 (12,324)
Total revenues 21,200 21,200 21,967 767
Expenditures:
Capital outlay:
Maiden statue placement 42,880 42,880 44,543 (1,663)
Total expenditures 42,880 42,880 44,543 (1,663)
Excess of revenues over (under) expenditures (21,680)$ (21,680)$ (22,576) (896)$
Fund balance, June 30, 2013 1,500,916
Fund balance, June 30, 2014 1,478,340$
Budget Variance with Final
Budget Positive
(Negative)
131
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
YOUTH CENTER CONSTRUCTION FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Revenues:
Donations -$ 110$ 108$ (2)$
Total revenues - 110 108 (2)
Expenditures:
Youth Center fund raising expense - 110 108 2
Total expenditures - 110 108 2
Net change in fund balance -$ -$ - -$
Fund balance, June 30, 2013 -
Fund balance, June 30, 2014 -$
Budget Variance with Final
Budget Positive
(Negative)
132
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
ASSESSMENT DISTRICT #4 DEBT SERVICE FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Revenues:
Taxes and assessments (refunds)(45,280)$ (45,280)$ -$ 45,280$
Interest income 300 300 498 198
Total revenues (44,980) (44,980) 498 45,478
Expenditures:
District Administration 5,200 5,200 - 5,200
Total expenditures 5,200 5,200 - 5,200
Net change in fund balance (50,180)$ (50,180)$ 498 50,678$
Fund balance, June 30, 2013 50,037
Fund balance, June 30, 2014 50,535$
Budget Variance with Final
Budget Positive
(Negative)
133
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
1992 STREET ASSESSMENT IMPROVEMENT FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
For the Fiscal Year Ended June 30, 2014
Original Final Actual Amounts
Revenues:
Interest income 600$ 600$ 1,685$ 1,085$
Total revenues 600 600 1,685 1,085
Expenditures:
Services 2,050 2,050 - 2,050
Street repairs 117,600 117,600 25 117,575
Total expenditures 119,650 119,650 25 119,625
Net change in fund balance (119,050)$ (119,050)$ 1,660 120,710$
Fund balance, June 30, 2013 169,205
Fund balance, June 30, 2014 170,865$
Variance with Final
Budget Positive
(Negative)
Budget
134
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF NET POSITION
June 30, 2014
Technology Fund
Vehicle and
Equipment
Replacement Fund
Building
Maintenance and
Replacement Fund Totals
ASSETS
Current Assets:
Cash and investments 1,457,152$ 2,404,291$ 152,606$ 4,014,049$
Receivables:
Federal distributions due 1,109 3,850 1,906,086 1,911,045
Due from State of California 406 1,284 635,360 637,050
Accrued interest 2,182 3,704 243 6,129
Prepaid expenses 4,757 - - 4,757
Total current assets 1,465,606 2,413,129 2,694,295 6,573,030
Capital Assets:
Non-depreciable:
Construction in progress - 239,610 256,420 496,030
Depreciable:
Vehicles - 3,686,939 - 3,686,939
Equipment 2,263,219 2,564,098 21,024 4,848,341
Structure and improvements - - 48,443,881 48,443,881
Accumulated depreciation (1,843,878) (3,796,993) (3,292,502) (8,933,373)
Net capital assets 419,341 2,693,654 45,428,823 48,541,818
Total assets 1,884,947 5,106,783 48,123,118 55,114,848
LIABILITIES
Current Liabilities:
Accounts payable 56,010 - 16,953 72,963
Accrued salaries and benefits 16,756 - 6,675 23,431
Noncurrent Liabilities:
Compensated absences 21,875 - 23,049 44,924
Total liabilities 94,641 - 46,677 141,318
NET POSITION
Net investment in capital assets 419,341 2,693,654 45,428,823 48,541,818
Unrestricted 1,370,965 2,413,129 2,647,618 6,431,712
Total net position 1,790,306$ 5,106,783$ 48,076,441$ 54,973,530$
135
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION
For the Fiscal Year Ended June 30, 2014
Technology Fund
Vehicle and
Equipment
Replacement Fund
Building
Maintenance and
Replacement Fund Totals
Operating Revenues:
Charges for services 695,260$ 139,870$ 380,300$ 1,215,430$
Total operating revenues 695,260 139,870 380,300 1,215,430
Operating Expenses:
Salaries and benefits 323,004 - 158,892 481,896
Office expense 1,109 - - 1,109
Computer maintenance, software and replacement - - 2,220 2,220
Insurance - - 18,782 18,782
Occupancy and rental costs 23,600 - 62,266 85,866
Utilities - - 73,110 73,110
Communications 4,893 - 1,772 6,665
Operating supplies and services 11,747 - 31,093 42,840
Vehicle and equipment operating costs 68 - 5,238 5,306
Contract services 44,720 - 40,625 85,345
Professional development 13,443 - - 13,443
Recruitment 684 - - 684
Administrative charges - - 36,960 36,960
Special projects:
Exterior Painting - Fire Station #2 - - 8,500 8,500
HVAC Units - - 3,454 3,454
Small Printers 1,146 - - 1,146
Storage capacity upgrades 13,481 - - 13,481
Monitors - Replacement 5,282 - - 5,282
Depreciation 150,031 327,392 909,414 1,386,837
Total operating expenses 593,208 327,392 1,352,326 2,272,926
Operating income (loss)102,052 (187,522) (972,026) (1,057,496)
136
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION (continued)
For the Fiscal Year Ended June 30, 2014
Technology Fund
Vehicle and
Equipment
Replacement Fund
Building
Maintenance and
Replacement Fund Totals
Non-Operating Revenues (Expenses):
Interest income 13,787$ 23,769$ 3,448$ 41,004$
Gain (loss) on sale of capital assets - (29,327) - (29,327)
Total non-operating revenues (expenses)13,787 (5,558) 3,448 11,677
Change in net position prior to capital
contributions 115,839 (193,080) (968,578) (1,045,819)
Capital Contributions:
Capital contributions from other funds 9,039 209,544 3,307,336 3,525,919
Capital contributions from successor agency - - 2,138,117 2,138,117
Capital contributions from community donations - - 180,000 180,000
Total capital contributions 9,039 209,544 5,625,453 5,844,036
Change in net position 124,878 16,464 4,656,875 4,798,217
Total net position, June 30, 2013 1,665,428 5,090,319 43,419,566 50,175,313
Total net position, June 30, 2014 1,790,306$ 5,106,783$ 48,076,441$ 54,973,530$
137
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF CASH FLOWS
For the Fiscal Year Ended June 30, 2014
Technology Fund
Vehicle and
Equipment
Replacement Fund
Building
Maintenance and
Replacement Fund Totals
Cash Flows From Operating Activities:
Internal activity - payments from other funds 695,260$ 139,870$ 380,300$ 1,215,430$
Payments to suppliers of goods and services (78,280) (927) (282,131) (361,338)
Payments for employee services (319,502) - (152,715) (472,217)
Net cash provided (used) by operating
activities 297,478 138,943 (54,546) 381,875
Acquisition of capital assets (29,563) (124,699) (3,311) (157,573)
Capital grant proceeds - - (2,046,527) (2,046,527)
Proceeds from sale of capital assets - 3,096 - 3,096
Net cash provided (used) by capital
and related financing activities (29,563) (121,603) (2,049,838) (2,201,004)
Cash Flows From Investing Activities:
Interest income 13,566 23,983 6,964 44,513
Net cash provided (used) by investing activities 13,566 23,983 6,964 44,513
Net increase in cash and cash equivalents 281,481 41,323 (2,097,420) (1,774,616)
Cash and cash equivalents - June 30, 2013 1,175,671 2,362,968 2,250,026 5,788,665
Cash and cash equivalents - June 30, 2014 1,457,152$ 2,404,291$ 152,606$ 4,014,049$
Cash Flows From Capital and Related Financing
Activities:
138
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1
CITY OF ATASCADERO
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF CASH FLOWS (continued)
For the Fiscal Year Ended June 30, 2014
Technology Fund
Vehicle and
Equipment
Replacement Fund
Building
Maintenance and
Replacement Fund Totals
Operating income (loss)102,052$ (187,522)$ (972,026)$ (1,057,496)$
Depreciation expense 150,031 327,392 909,414 1,386,837
Receivables, net - 1,800 - 1,800
Prepaid expenses 343 - - 343
Accounts payable 41,550 (2,727) 1,889 40,712
Accrued salaries and benefits 2,183 - 3,841 6,024
Compensated absences 1,319 - 2,336 3,655
Net cash provided (used) by
operating activities 297,478$ 138,943$ (54,546)$ 381,875$
Reconciliation of operating income (loss) to net
cash provided (used) by operating activities
Adjustments to reconcile operating income (loss)
to net cash provided (used) by operating
activities:
Change in assets and liabilities:
139
ITEM NUMBER: C-3
DATE: 01/27/15
ATTACHMENT: 1