HomeMy WebLinkAbout31-Finance
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We just received the final documents from Peat Marwick. All
documents relate to the annual audit and management study of the
Finance Department. Please look it over this weekend -- some of
the detail is very complicated.
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C I T Y 0 F SAN B ERN A R DIN 0
INTEROFFICE MEMORANDUM
CITY ADMINISTRATOR'S OFFICE
DATE: April 16, 1992
TO: Mayor and Common Council
FROM: Shauna Clark, City Administrator
SUBJECT: Annual Audit and Finance Management Letter
COPIES:
Andy Green, Director of Finance; Rachel Krasney, City
Clerk
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On April 20, 1992, we will be holding a noon workshop for the audit
firm of KMPG Peat Marwick to present the city's annual audit to the
Mayor and Council. After the audit presentation, we will adjourn
into closed session to discuss the details of the Finance
Department management audit. The purpose of the closed session is
to discuss personnel issues. If you like, the Director of Finance
can be present in closed session to hear the issues and answer your
questions. He has received a copy of the management audit.
Attached is a copy of the 1990-91 audit, and the management letter.
The management letter gives the specifics on deficits and
corrective measures that Peat Marwick recommends. For comparison
purposes, we have also attached last year's management letter.
Following
management
ask that it
the management letters is the Finance Department
audit. Since this letter involves personnel 1ssues, we
be kept confidential until after our closed session.
Please feel free to contact Fred Wilson, Andy Green or myself if
you have any specific issues on either audit that you would like us
to focus on. As the workshop session will be lengthy, we hope that
we can get started at noon or prior.
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Attachments
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Peat Marwick
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Certified Public Accountants
725 South Figueroa Street
Los Angeles. CA 90017
Telephone 213 972 4000
Telex 6831572 PMMLA
Cable Address VERITATEM
Teletax 213 622 1217
April 16, 1992
The Honorable Mayor and Members of the City Council
City of San Bernardino California:
We have audited the general purpose financial statements of the City of San
Bernardino for the year ended June 30, 1991, and have issued our report thereon
dated December 20, 1991. In planning and performing our audit of the general
purpose financial statements of the City of San Bernardino, we considered its
internal control structure in order to determine our auditing procedures for the
purpose of expressing our opinion on the general purpose financial statements
and not to provide assurance on the internal control structure. We have not
considered the internal control structure since the date of our report.
During our audit we noted certain matters involving the internal control
structure and other operational matters that are presented for your consideration.
Our comments and recommendations have been discussed with the appropriate
members of management and are intended to improve the internal control
structure or result in other operational efficiencies. It is important to note that
this letter is critical in nature and does not address the positive features of the
City's procedures and controls.
Our comments are summarized as follows:
PROTECTING ASSETS
SPECIAL ASSFSSMENT DISTRIcrs
Findin.g and Recommendation
During the fiscal year ended June 30, 1991, the City created several special
assessment districts and issued long term debt on behalf of citizens within those
districts. While the City is not directly liable for the debt of such districts, the City
is required to account for the transactions related to such districts, including
capital expenditures for improvements for which ~he debt was issued and related
cash balances for unspent bond proceeds, debt $ervice transactions and related
required cash reserves, and, in some cases, the collection of special assessments
and for foreclosure and/or other proceedings on delinquent property owners.
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'-Peat Marwick
The Honorable Mayor and Members of the City Council
City of San Bernardino, California
April 16, 1992
Page 2
These special assessment districts were established and the debt was issued
primarily through efforts of the staff and management of the Public Works
Department. During the process of establishing these special assessment districts
and issuing the related debt, the Finance Department and the City Treasurer had
not been informed of the existence or progress on such districts and their related
debt until very late in the process when authorizing signatures were requested.
Consequently, neither the City Treasurer nor the Finance Department had been
involved in reviewing: the specific requirements of such debt prior to issuance of
the securities, the transactions required to properly record the establishment of
the districts and the issuance of their related debt, the responsibilities of those
departments to maintain records related to the special assessment districts and
the related debt issued, the need to establish new accounting funds and the
related reporting requirements. A further result was that the Finance
Department had therefor not properly recorded the debt, related cash and
investments held by fiscal agents, nor the capital expenditures made from
proceeds of such special assessment district debt.
We recommend that all major projects such as the establishment of special
assessment districts and issuance of related debt noted above have the
involvement of all affected departments at the earliest feasible stages. By
involving all such departments, the expertise found in the various departments
can be used to best advantage in establishing the most efficient, cost effective and
productive project possible. Additionally, by involving all affected department at
the earliest possible stages, those departments can plan for their required
involvement in the project and can ensure proper reporting and information
within established deadlines.
Mana.gement Response
Management totally agrees with the overall recommendation of this
management letter comment. Accountability must be a top priority when
issuing debt to ensure that the City has met its monitoring obligations. In
addition, the City has a duty to its citizens to ensure that the most cost effective
and efficient bond issue possible is negotiated. Exclusion of the Finance
Department and the City Treasurer from the early stages of creating special
assessment districts or issuing long term debt weakens accountability and reduces
the likelihood of the most cost effective and efficient bond issue.
The Finance Department has taken steps, such as meeting with the Public Works
Director, to ensure that both the Finance Department and the City Treasurer are
included in the preliminary stages of establishing special assessment districts and
on all issues of long term debt. in the future In addition, a recommendation will
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"Peat Marwick
The Honorable Mayor and Members of the City Council
City of San Bernardino, California
April 16, 1992
Page 3
be provided to the City Administrator outlining a standard operating procedure
for establishing such districts and for the issuance of long term debt.
GENERAL FIXED ASSETS
Findil\l and Recommendation
The City still does not maintain a record for its general fixed assets with the
exception of fixed assets purchased with the Community Development Block
Grant and Job Training Partnership Act program funds. This comment has been
noted in a number of past letters to the Council. Further, because the City has not
maintained such records and balances nor reported these amounts in the
Comprehensive Annual Financial Report (CAFR), which is not in accordance
with generally accepted accounting principles, we are required to qualify our
independent auditors' report.
A formal fixed assets accounting system should be established to ensure that
property and equipment transactions and related expense (depreciation,
amortization, etc.) are properly recorded, classified and summarized. An
inventory of general fixed assets should be taken to determine the fixed assets the
City possesses.
The City will benefit from the maintenance of fixed assets records by:
· Providing better controls over safeguarding the City's investments
in fixed assets,
· Establishing the responsibility for custody and effective use of fixed
assets,
. Enabling the substantiation as well as serving as a basis for
determining the amount of grant funds used to finance
expenditures for fixed assets, and
· Determining insurance needs and substantiating losses recoverable
from insurance in the event of a loss.
Management Response
The City has begun the process which will lead to a comprehensive fixed asset
program. In early 1992, the Mayor and Council authorized the hiring of a
consultant to conduct a Oty-wide inventory and valuation of the City's fixed
assets. The completed product is expected by late August 1992. However, as a
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_Peat Marwick
The Honorable Mayor and Members of the City Council
City of San Bernardino, California
April 16, 1992
Page 4
result of reporting requirements, this management letter comment will probably
remain on the management letter until the 1993/94 fiscal year.
FIXED ASSETS OF PROPRIETARY FUNDS
Findir\, and Recommendation
The Finance Department has not updated its records of fixed assets held by those
proprietary funds maintained by the Finance Department (the Refuse Fund and
the Internal Service Funds) nor has it provided for depreciation .on fixed assets
held by such funds.
We recommend that the Finance Department regularly update its records of fixed
assets held by these funds to properly account for purchases of fixed assets and
sales or scrapping of fixed assets in these funds. Further, as part of proper record
keeping related to such fixed assets, the Finance Department should estimate the
useful lives and residual value of such assets, prepare appropriate depreciation
schedules, and record the provision for depreciation regularly. In addition,
accurate records of the sale or other disposition of fixed assets should be
maintained so as to properly record the related gain or loss on such disposition.
Management Response
The establishment of the fixed asset system in August 1992 will eliminate this
comment.
AMOUNTS DUE FROM OTHER GOVERNMENTS
Finding and Recommendation
Significant amounts are due to the City from the San Bernardino Economic
Development Agency (Agency) for purchases of approximately $462,000 in fixed
assets in fiscal year 1989/90 and a street resurfacing project performed by the City
on behalf of the Agency in the amount of approximately $624,000. The City's
practice has been to pay for such items and bill the Agency for reimbursement.
The Agency requires a copy of all supporting documentation for such billings
prior to approval and reimbursement to the City. However, the Finance
Department has been unable to produce all such documentation to support such
purchases and, consequently, there have been significant delays in
reimbursement by the Agency.
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_Peat Marwick
The Honorable Mayor and Members of the City Council
City of San Bernardino, California
April 16, 1992
Page 5
Because of the significant delays found in this payment/reimbursement
procedure, and an inability of the Finance Department to produce all required
supporting documentation, beginning in 1990/91, the Finance Department sent
all invoices and purchases orders for all Agency fixed assets and other
expenditures directly to the Agency, where such items were accounted for and
paid directly using the Agency accounts payable system and personnel. However,
the City booked a receivable and corresponding reimbursement when such items
were sent to the Agency, thus overstating the reimbursements due from the
Agency. During the course of the audit, such reimbursements were written off.
We recommend that the Finance Department research and obtain all necessary
supporting documentation to collect the balance of reimbursement due from the
Agency. We further recommend that the Finance Department maintain accurate
and orderly records for all expenditures and adopt procedures to provide for
regular billing and collecting of amounts due from other departments and
government agencies for expenditures made on their behalf. Additionally,
whenever the City will be expending funds for purchases or projects on behalf of
other departments or government agencies where approvals will be required by
those departments or agencies prior to reimbursement to the City, the City
should make every effort to obtain such approvals of the items to be purchased,
their cost, etc., and the budget for project expenditures in advance of making any
such expenditures on the other departments' or agencies' behalf. This should
significantly reduce problems of timely reimbursement to the City.
ManaKement RelWonse
The Finance Department has accurate supporting documentation for all billings
sent to the Agency. However, the supporting documentation is extensive and
would require many hours of personnel time to research and copy. As a result of
the fact that the Agency is a part of the City, it is felt by the Finance Department
that duplicate supporting documentation is unnecessary and costly. Should a
need arise to review documentation of specific expenditures, a request should be
forwarded to the Finance Department.
Also, the Finance Department has implemented an intensive receivable
collection process which address this comment. The collection process will
include personnel dedicated to the monitoring and collection of outstanding
receivables. A copy of this Revenue Recovery Program is available for your
review.
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_Peat Marwick
The Honorable Mayor and Members of the City Council
City of San Bernardino, California
April 16, 1992
Page 6
ACCOUNTS RECEIVABLE
Find~ and Recommendation
Significant accounts receivable balances in the general fund consisted of old
invoices, or invoices without proper support, and were considered uncollectible.
Such receivables were written off based upon discussion with appropriate
Finance Department personnel. This comment reflects deficiencies noted in the
prior year's management letter.
The City should have formal procedures concerning the entire accounts
receivable collection process. Such a policy will allow the City to streamline the
tracking of accounts receivable, potentially increase its percentage of collections
and more accurately state the accounts receivable balance. An established formal
policy should include but not be limited to the following:
. Delinquent accounts listed and reviewed by an official independent
of the cash receipts function,
. All delinquent accounts less than $150 (current write-off maximum
as dictated by City Council) and past due 6 months to be written off
by Director of Finance,
. All delinquent accounts greater than $150 and past due 6 months to
be forward to the City Attorney's Office for formal legal proceedings.
The allowance for uncollectible accounts to be adjusted as
appropriate, and
. All delinquent accounts considered uncollectible by the City Attorney to be
submitted to the City Council to be formally written off.
Manasement Rellponse
A Department Director Letter (DDL) outlining collection and wlite off procedures
is provided for your review. The Revenue Recovery Program noted above will
establish procedures which will, in conjunction with the DDL, maximize
collection of City receivables.
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_Peat Marwick
The Honorable Mayor and Members of the City Council
City of San Bernardino, California
April 16, 1992
Page 7
BANK ACCOUNTS
Findit\g and R~ommendation
In the process of confirming cash account balances with banks, we noted that the
City has two small bank accounts, the total balance of which was less than $7,000,
for which no record was maintained by the accounting department and for which
no bank reconciliations had been performed. While significant improvement
has been noted in the area of bank reconciliations from prior years, the Finance
Department should continue to improve its cash record keeping by, in
conjunction with the City Treasurer, identifying all bank and investment
accounts of the City, including petty cash accounts, and preparing regular
reconciliations of these accounts to ensure proper accounting and control of the
cash assets of the City.
Man~ement Rl!l\Ponse
The Finance Department has made cash reconciliations a top priority, as stated in
prior year's response to the management letter. The bank accounts mentioned in
the comment above are for the Summer Youth Program and the Asbestos Trust
account with balances of $1,119 and $5,500 at June 30, 1991, respectively.
The account for the Summer Youth Program, established for disbursement of
payroll to the participants, is essentially an imprest account with deposits from
the City made after determination of the payroll deposit required. The reconciled
general ledger balance at any given time for this account should be at or near
zero. The Asbestos Trust account is a deposit set aside as required by the U.S.
Environmental Protection Agency in connection with asbestos abatement.
The cash reconciliation process has received substantial attention by the Finance
Department. Cash reconciliations for all accounts, including those accounts
noted above, are current through the date of the latest bank statements received
(primarily February 1992). The Finance Department will continue to maintain
accurate and timely cash reconciliations for all accounts.
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_Peat Marwick
The Honorable Mayor and Members of the City Council
City of San Bernardino, California
April 16, 1992
Page 8
IMPROVING MANAGEMENT INFOR-MATION
INDIVIDUAL FUND OVERDRAFTS OF POOLED CASH AND INVESTMENTS
Finding and Recommendation
Significant "overdrafts" by individual funds of their respective shares of the
City's cash and investment pool occurred during the year ended June 30, 1991.
The balance of such "overdrafts" was $8,463,000 at June 30, 1991, an increase of
$104,000 over the prior year. The Funds with such "overdrafts" and balances at
June 30 were as follows (rounded to the nearest thousand):
1991
1990
Special Revenue Funds:
Cemetery
Cable T.V.
Emergency
Federal and State Programs
Animal Control
Traffic Safety
Mobile Homes
$ 140,000
388,000
166,000
554,000
279,000
1,000
60,000
210,000
166,000
451,000
284,000
2,000
Total Special Revenue Funds
Debt Service Funds - AD #5861 Redemption
Capital Projects Funds:
Norton Project
Street Construction
Certificates of Participation
Special Assessments
1,528,000
8,000
1,173,000
122,000
650,000
640,000
815,000
120,000
722,000
448,000
327,000
1,617,000
Total Capital Projects Funds
2,227,000
(Continued)
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_Peat Marwick
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The Honorable Mayor and Members of the City Council
City of San Bernardino, California
April 16, 1992
Page 9
1991 1990
Internal Service Funds:
Workers' Compensation 548,000 1,226,000
liability Insurance 323,000
Self-Insurance Health Plan 2,192,000 2,453,000
Motorpool 448,000 167,000
Telephone Support 375,000 336,000
Data Processing 240,000
Total Internal Service Funds 3,563,000 4,745,000
Agency Funds - Joint Powers Financing 1,137,000 824,000
Authority
Total - All Funds $ 8,463,000 8,359,000
The effect of these "overdrafts" of the cash pool is that numerous City operations
are not self-supporting, rather they are supplemented by other City funds. This
further results in a potential reduction of cash available for other City functions
in the Funds from which such cash was "borrowed." Budgets, cost allocations,
and fee structures should be set such that the operations of specific funds do not
use resources in excess of those available to it. To the extent that the General
Fund or other funds are regularly supplementing the operations of other specific
funds, an operating transfer should be made. And, to the extent internal service
fund rates are not sufficient to recover operating costs, they should be adjusted
(see comments on "Internal Service Funds" below).
Manllgement Response
Approximately $3.1 million of the listed pooled cash overdrafts are as a result of
expenditures for construction or JTPA projects which occurred late in the 1990/91
fiscal year. The billings were prepared in the 1991/92 fiscal year and payment has
been received or is expected to be received in fiscal year 1991/92. This situation is
typically due to the fact that the City is required to first expend money for most
construction projects and is subsequently reimbursed. The remaining overdrafts
will be addressed in the 1991/92 and future fiscal years through the budgetary
process.
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_Peat Marwick
The Honorable Mayor and Members of the City Council
City of San Bernardino, California
April 16, 1992
Page 10
COMPUTER APPLlCA nONS
Finding and Recommendation
The City's major financial and accounting applications areJerformed on the
mainframe computer. Principal applications include gener ledger, accounts
receivable, and utility billings, among others. During the course of the audit, it
was noted that the computer system is not functioning properly. The following
discrepancies were identified during the course of our audit:
. The detail accounts receivable aging did not properly age many
individual accounts,
. The detailed accounts receivable balances do not always agree with
the general ledger,
. Several journal entries were not properly posting to the intended
accounts, and
. The detail general ledger does not match the year end trial balance
for some funds.
We understand that the City has established an EDP steering committee. The
committee is currently evaluating the status of computer software to solve these
deficiencies. We strongly encourage and support this process and would like to
emphasize its importance. In the interim period, we recommend that temporary
procedures be implemented to ensure that the above noted problems are
corrected.
Man"gement RelQ'onse
The Finance Department has increased its monitoring efforts of the information
provided by the City's mainframe computer. This requires additional staff time
and continually causes shifting of work loads to address this problem. This
additional monitoring is a temporary "fix" and cannot be continued indefinitely.
This problem could be addressed by new software, however the City's budget
constraints have prevented this total and permanent solution.
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_Peat Marwick
The Honorable Mayor and Members of the City Council
City of San Bernardino, California
April 16, 1992
Page 11
INTERNAL SERVICE FUNDS
Findi~g and Recommendation
Certain internal service funds consistently report operating losses and most have
large accumulated deficits. The purpose of these funds is to provide services to
user departments and to charge those departments in order to recover operating
expenses. As of June 30, respective net incomes (losses) and accumulated
retained earnings (deficits) (not including contributed capital) for each internal
service fund is as follows (to the nearest thousand):
Net Income (Loss)
Fund 1991 1990
Unemployment
Insurance $ 57,000 35,000
Worker's
Compensation 90,000 (653,000)
Liability
Insurance (1,637,000) (1,899,000)
Self-Insurance
Health Plan 309,000 267,000
Motorpool (95,000) (339,000)
Telephone
Support (28,000) (160,000)
Data Processing 274,000 229,000
Total internal
service funds $ (1,030,000) (2,520,000)
Retained Earnin~s (Deficit)
1991 1990
238,000 181,000
(6,054,000) (6,144,000)
(7,159,000) (5,522,000)
(2,186,000) (2,495,000)
(434,000) (339,000)
(628,000) (600,000)
145,000 (129,000)
(16,078,000) (15,048,000)
The City should evaluate the adequacy of rates charged to user departments for
services provided. These rates should be reviewed periodically to determine if
such rates include all costs of providing service including future replacement
costs of equipment and prior deficits. A major result of the insufficiency of the
current rate structure is that, effectively, the general fund has absorbed the costs
of providing these services through significant borrowings by the internal service
funds from the cash and investment pool ($3,563,000 and $4,745,000 at June 30,
1991 and 1990) (see comments on "Individual Fund Overdrafts of Pooled Cash
and Investments" above). Proper rate structures and allocation of charges to user
departments will more accurately reflect the actual cost of services used by those
departments and enhance the fair presentation of financial information.
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_Peat Marwick
The Honorable Mayor and Members of the City Council
City of San Bernardino, California
April 16, 1992
Page 12
Management RellPonse
The majority of the Internal Service Funds deficits have resulted from multiple
years of insufficient user charges to other funds and will require multiple years to
eliminate. As stated in prior year's management letter response, these deficits are
being addressed in the budgetary process through surcharges. As noted above,
every Internal Service Fund reflected an increased net income or decreased net
loss when compared to fiscal year 1989/90. This overall improvement is as a
result of the establishment of a more accurate user charge combined with scaled
down departmental expenditures. The majority of the deficits represent reserves
established, in accordance with generally accepted accounting principles, for
incurred but not reported workers' compensation and general liability claims
against the City.
CAPITAL LEASES AND OTHER LONG TERM DEBT
Finding and Recommendation
Capital leases entered into during the year were not recorded properly in the
General Long-Term Debt Account Group and the Refuse Enterprise Fund. In
addition, the capital lease obligations and other long-term debt originating in
prior years were not recorded as suggested in our comment from prior year and
were not relieved by the fiscal 1991 principal payments.
To ensure that all General Long Term Debt and related expense are properly
recorded, classified and summarized, responsibility should be established for the
preparation of entries to record the debt transactions and related expense. To
help facilitate this procedure, the City should prepare schedules for leases and
other debt summarizing the principal and interest payments and the payment
due dates. To ensure proper recording of leases transactions, lease agreements
should be forward from the Purchasing department to the Finance department as
soon as leases are entered into. The Finance department should also be notified
upon receipt of equipment.
Manalement Res.ponse
This comment is being addressed through a schedule of capital leases currently
maintained by the Finance Department. The 1991/92 fiscal year will reflect the
procedures currently in place in regards to debt schedules. Combing the current
capital lease monitoring procedures with expanded involvement of the Finance
Department in the preliminary stages of bond issues should eli;ninate this
comment in the future.
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. _Peat Marwick
The Honorable Mayor and Members of the City Council
City of San Bernardino, California
April 16, 1992
Page 13
IMPROVING EFfICIENCY
INTERNAL AUDIT STAFF
FindiI\g and Recommendation
The "Internal Auditor/Budget Officer" position in the Finance Department is
designated to perform the City's internal audit function. The staff assigned to this
position is able to spend very little time on performing the traditional role of an
internal auditor because the Department needs him for general accounting and
special project duties. Internal audit function is important to the City's internal
control systems. To adequately address this function, we believe that additional
staffing is needed. The Internal Audit Staff should perform, but not be limited to,
the following functions:
. Ascertain the extent to which the City's assets are accounted for and
safeguarded from losses of all kinds,
. Ascertain the reliability of management data developed within the
City,
. Ascertain the extent of compliance with established policies, plans,
and procedures,
. Review and appraise the soundness, adequacy, and application of
accounting, financial, and operating controls,
. Appraise the quality of performance in carrying out assigned
responsibilities,
. Recommend operating improvements, and
. Assist and participate in the City's external audit.
The internal audit function would enhance the internal controls of the City. We
believe that there would be a positive cost/benefit relationship for an internal
audit function.
Management ReliPonse
This comment will continue until funding can be identified to provide an
adequate internal audit staff. As a result of recent budget cuts, the Finance
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_Peat Marwick
The Honorable Mayor and Members of the Qty Council
City of San Bernardino, California
April 16, 1992
Page 14
Department was forced to eliminate the Internal Auditor/Budget Officer
position. The Finance Department, as it stands now, will not be able to provide
internal audits at a level which will eliminate this comment.
ACCOUNTING PROCEDURES MANUAL
Findinl and Re~ommendation
The City does not have an accounting procedures manual. The lack of an
accounting procedures manual may lead to errors and improper accounting
entries made in the City's general ledger.
An accounting procedures manual should be developed as it provides
documentation of the accounting policies and procedures of the City, thereby
facilitating an understanding of those operations by all members of management
and providing detailed guidance to all personnel involved in accounting
activities. In addition, an accounting procedures manual will facilitate the
training of new personnel in case of personnel turnover or extended personnel
absences.
Management RellPonse
As a result of this comment in prior management letters, the Finance
Department has begun to compile an accounting manual. The manual is
approximately 50% complete, however, as a result of midyear personnel
reductions within the Finance Department, the completion date of the manual
will have to be extended. The Finance Department realizes the importance of an
accounting manual and will continue to work toward a complete and
comprehensive document.
DISCUSSION OF THE NATURE OF OUR
LETTER AND ITS LIMITATIONS
In connection with our audit, we reviewed and tested the City's system of
accounting control to the extent we considered necessary to evaluate the system
as required by generally accepted auditing standards. Under these standards, the
purpose of such evaluation is to establish a basis for reiiance thereon in
determining the nature, timing and extent of other auditing procedures that are
necessary for expressing an opinion on the general purpose financial statements.
The objective of internal accounting control is to provide reasonable, but not
absolute, assurance as the safeguarding of assets against loss from unauthorized
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_Peat Marwick
The Honorable Mayor and Members of the City Council
City of San Bernardino, California
Apri116, 1992
Page 15
use or disposition, and reliability of financial records for preparing financial
statements and maintaining accountability for assets. The concept of reasonable
assurance recognizes that the cost of an internal accounting control system
should not exceed the benefits derived and also recognizes that the evaluation of
these factors necessarily requires estimates and judgements by management.
There are inherent limitations that should be recognized in considering the
potential effectiveness of any system of internal accounting control. In the
performance of most control procedures, errors can result from
misunderstanding of instructions, mistakes of judgement, carelessness or other
personnel factors. Control procedures whose effectiveness depends upon
segregation of duties can be circumvented intentionally by management with
respect either to the execution and recording of transactions or with respect to the
estimates and judgements required in the preparation of the financial statements.
Further, protection of any evaluation of internal accounting control to future
periods is subject to the risk that the procedures may become inadequate because
of changes in conditions and that the degree of compliance with these procedures
may deteriorate.
Our study and evaluation of the City's system of internal accounting control,
which was made for the purpose set forth in the first paragraph above, was not
designed for the purpose of expressing an opinion on internal accounting
control, and it would not necessarily disclose all material weaknesses in the
system.
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This letter is intended for the information of the Mayor and City Council of the
City of San Bernardino, California and its management. This restriction is not
intended to limit the distribution of this letter, which is a matter of public record.
Thank you for the opportunity to serve the City of San Bernardino. We
appreciate the courtesy and cooperation extended to us during our audit. We
would be pleased to discuss the contents of this letter with you at your
convenience.
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Peat Marwick
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Certified Public Accountants
725 South Figueroa Street
Los Angeles. CA 90017
Telephone 213 972 4000
Telex 6831572 PMMLA
Cable Address VEAIT A TEM
Telefax 213 622 1217
April 1, 1992
Ms. Shauna Clark
City Administrator
City of San Bernadino
300 North "D" Street
San Bernadino, California
Dear Ms. Clark:
In accordance with your instructions, we herewith provide you with our
supplemental management report concerning our findings and recommen-
dations as regards certain matters related to the organization of the Finance
Department of the City of San Bernadino. This letter should be regarded as
being supplemental to our annual audit of the City's financial statements and
our annual letter to management rendered to the City in conjunction there-
with.
BACKGROUND
The City's senior management has been concerned for some time over the
apparent inconsistency of financial data generated by the City's finance
function. This inconsistency has adversely affected the credibility of the City's
finance function. Further, management's concerns have been heightened by
the City's budgetary problems in the last few years and by the lack of a sound
basis of understanding over where the City stands from a financially point of
view, at any point in time. Simple put, management needs to develop an
understanding as to why budgetary resource numbers seem to change with-
out adequate explanation as well as develop a system within the Finance
Department to ensure that senior management, the Mayor and the City
Council receive consistent, credible interim financial information.
In the course of our conversations with the City Administrator and her
assistant, several objectives of the work to be performed came to light. At
these meetings the following objectives were identified:
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_Peat Marwick
Ms. Shauna Clark
City of San Bernadino
April I, 1992
2
· Review the accuracy and develop recommendation relative to
reconciling fund balances in the budget document to those
listed in the financial statements.
· Review the need for an expanded "changes in general fund
balance financial statement.
. Review assessment district accounting procedures and whether or
not a central budgetary control over operating revenues and
expenditures should exist.
· Review of budgetary transfer policies and procedures.
· Review billing and accounting procedures for receivables due
from the Redevelopment Agency.
· Review the City's work costing procedures
· Review and recommend a policy approval of encumbrances and
continuing appropriations for each fiscal year.
Review of these objectives reveals one common thread. In each case, the
objective reflects concern over a finance related controversy or issue currently
at hand. As mentioned previously, the issues reflect management concern
over the receipt of credible information. Each of the issues management has
requested us to review will be addressed. In some notable cases, these issues
will be addressed both in this report and in our annual letter to management.
However, the approach taken in this supplemental review is focused upon
the broader issue of the organization and characteristics of the finance
function.
'>""
o
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_Peat Marwick
Ms. Shauna Clark
City of San Bernadino
April 1, 1992
3
ORGANIZATION
Background
The City's overall finance functions are divided into three distinct and
separate organizations. Separate accounting functions are maintained by the
City, the Water Department and the Development Agency. Each of these
organizations maintains its own accounting records and general ledger
despite a moderate amount of interdependence on one another for daily
transactional processing and detail. The scope of this report applies only to
the City's accounting function.
The finance function within the City of San Bernadino has been in a
continuous state of disarray for several years. Beginning with a troublesome
computer conversion a few years ago and continuing with the adoption of
newer and more complex accounting guidelines, the Finance Department has
been in a "catchup" mode for several years. The Finance Department's
current organizational structure and methods of operation have arisen from
the need to address the urgent needs of the City and the Finance Department,
as they arose. Consequently, little has been done in terms of long term
organizational planning.
On the surface, the City's present organization of its accounting function is
typical of the organization of similar accounting functions in comparable
cities. As part of our review, we asked each responsible member of the audit
staff to draft their own perception of the Finance Department's organizational
structure. The results were markedly different at the management level of
the Department.
In essence, the City's formal organizational chart depicts three members of
management, consisting of the Director of Finance, the Assistant Director of
Finance and the Internal Auditor/Budget Officer. The formal organization
chart suggests an adequate span of control and delegation of authority. In fact,
we noted during our review that the Director of Finance assumes an active
hands-on role in the day-ta-day supervision of the Department's workforce in
addition to his management duties and time spent in addressing other
Management and City Council directed inquiries.
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_Peat Marwick
Ms. Shauna Clark
City of San Bernadino
April 1, 1992
4
Our observation is that much of the Assistant Director of Finance's time was
spent on special projects as directed by the Director and not upon day-to-day
supervision of the accounting staff as is the case in most cities of which we are
aware. We note with interest that this observation has been confirmed by the
fact that the Assistant Director's position was vacated during the City's
current round of budget cuts. At the same time, and as commented upon in
our letter to management, the Internal Auditor/Budget Officer's role is also
one of special projects, although he is also knowledgeable of Departmental
operations and is responsible for such "line duties" as the monthly bank
reconciliations. Very little of his time is spent on internal audit or routine
budget related matters.
In a practical sense, the organizational structure has evolved into a very flat
profile with the Director assuming direct supervision over most of the
Department's personnel. This functional level of control broadens the span
of control of the Director of Finance and diminishes his effectiveness to plan
for the future and direct the financial affairs of the City. Clearly, there is a
need to evaluate the organizational structure of the Department with an eye
towards streamlining the management structure of the Department. Given
the City's current fiscal condition, such evaluation could equate directly to a
cost savings to the City.
At the same time, the constant special projects that the Department appears to
be involved in suggest a "fire fighting" mentality that has continued from
prior years. Senior level management time needs to be spent in determining
the reasons for the recurring special projects in which the Department is
involved.
The following recommendations concerning the Finance Department's
management structure are made:
· Senior level management should consider the Department's
current organizational structure as it concerns Departmental
management. Such review should focus on the intended and
current duties of the Assistant Director and Internal
Auditor/Budget Officer. Appropriate revisions should be
made to the scope of responsibilities of each individual.
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_Peat Marwick
Ms. Shauna Clark
City of San Bernadino
April 1, 1992
5
· Considering the frequency of the Department's special projects,
The Director of Finance should carefully analyze the nature of
the projects undertaken in the last year. It is our belief that
most of these assignments are routine in nature and should
be considered as part of the staffs normal assigned duties or
readily derivable from existing computer information;
however, considering the reactionary nature of the
Department, they are treated as special purpose assignments.
At the conclusion of the review, the Director should report
the results of his study and develop a plan to minimize the
volume of special projects.
THE BUDGEr
Background
The Finance Department plays the key role in the preparation of the City's
Budget. In fact as suggested previously, the formulation, preparation,
communication and monitoring of the budget occupies a principal portion of
the Finance Director's time and that of selected Department personnel
throughout the year. From our relationship throughout the last few years
and through inquiry as a result of this expanded study, we note that the City's
budget preparation procedures lack a clarity of thought, action, and commu-
nication that we have observed in similar situations in other cities that we
serve.
For example, a cursory review of the City's annual budget through the end of
the calendar year reveal significant revenue shortfalls. For the most part,
these shortfalls can be traced to the worse than expected state of the economy
in the Inland Empire. However, in the case of sales taxes, the shortfall can
also be traced to unrealistic expectations at the start of the budget year.
To the credit of the Finance Department, the City has placed substantial
reliance upon the Department to develop the assumptiC'ns upon which
revenue projections are based. However, these assumptions once developed
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_Peat Marwick
Ms. Shauna Clark
City of San Bernadino
April 1, 1992
6
are not, in our view, adequately challenged as to reasonableness both at the
outset and on an on-going basis. We believe that these basic assumptions
should be thoroughly reviewed, critiqued and agreed upon by senior City
management, the Mayor, and the City Council, before the budget as a whole
is developed. This widely accepted practice serves to give the preparers of the
budget (eg. the Finance Department) a better sense of the City's direction by
giving them the benefit of the thoughts of several individuals. It also serves
to seek the "buy-in" of all individuals concerned in a constructive and
proactive manner, thus avoiding the resultant criticism when the numbers
don't come out as planned.
Secondly, and subject to disagreement among City staff, the annual budgets
for the City of San Bernadino have been prepared giving undue weight to the
City's expenditure priorities rather than developing budgets of expenditures
based upon available resources. There are several consequences of this
methodology especially in a period of declining economic activity. Foremost
of these consequences is the severe diminishment of the City's cash reserves
in order to continue spending programs when the current resources fall short
of expected goals. This has certainly happened to the City in the last few years.
Of equal consequence, is the need to "scramble" to find resources to fund
current expenditures. Again, the City has found itself in this situation all to
often in the last few years. At best, this effort represents a frantic image to
persons interested in the City's financial well being. At worst, this
"scrambling" could result in accusations of fiscal impropriety.
It is our observation that the City is need of a true budget analyst position. We
envision that this individual would report directly to the City Administrator
and the Mayor and would be responsible for the year-round monitoring of
the budget process. This position would not replace the Finance Department
in budget preparation. Rather, he/she would augment the process and would
greatly facilitate communication with members of the City Council and other
Departments.
In summary, it is axiomatic that the City shouldn't spend more than it takes
in and that the City should also attempt to accumulate sufficient liquidity to
see the City over hard times. The only way to accomplish this on a consistent
basis is to carefully budget the City's revenues and plan for expenditures based
upon those levels. We believe that the City's budget calendar should be
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_Peat Marwick
Ms. Shauna Clark
City of San Bernadino
April 1, 1992
7
established with this premise in mind. To this end we have the following
recommendations:
. The Finance Department should establish an annual budget
preparation calendar that begins in approximately mid-
February. This calendar should include a provision for:
A review of budget revenue assumptions. These assumptions
should first be formalized and approved by a committee
comprised of management personnel advising the Director
of Finance. When finalized, the assumptions and their
fiscal ramifications should be brought to the Mayor and the
City Council.
No formal budget projections should begin until the budget
assumptions have been clearly thought through. In other
words, budget preparation should begin with a realistic,
conservative forecast of revenues.
Expenditure levels should be geared to proposed revenues.
Substantial thought should be given to reestablishing the
City's diminished cash reserves, over time.
. The City should consider the appointment of a qualified
individual to fill a newly created position of Budget Analyst to
report directly to the City Administrator.
FINANCE DEPARTMENT MANAGEMENT DUTIES
The Director of Finance
As suggested previously, the Director of Finance has assumed the m.ost
prominent role in all phases of the Finance Department's scope of activities.
However, rather than directing and supervising the work performed, the
Finance Director has taken much of the workload upon himself.
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_Peat Marwick
Ms. Shauna Clark
City of San Bernadino
April 1, 1992
8
Consequently, bottlenecks and oversights occur that serve to hamper the
overall timely flow and integrity of the City's financial information.
Although, in our view, the City's Finance Department is functioning better
now than five years ago and has in general become a more cohesive unit, we
believe that substantial progress can still be made towards making the
Finance Department more responsive to the City's needs. In order to accom-
plish such progress, the Finance Director needs to step away from the day-to-
day detail work and begin to truly supervise those personnel who report to
him. We acknowledge that such a change cannot take place overnight.
Several steps need to be taken by the Finance Director. These steps are as
follows:
. The Finance Department should critically evaluate the
Department's current organizational structure.
In conducting this reevaluation, he should critically evaluate
each department member's abilities and assigned duties.
The reevaluation should be organized around three current
areas of responsibilities:
Accounting
Budget
Treasury support
For each of the three current areas of responsibilities, key
employees should be identified who will pay a prominent
role in the maintenance of the support mechanisms to be
developed as a result of the Finance Director's evaluation.
. The Finance Director should assess his staffing weaknesses and
develop a formal plan to correct these deficiencies, if any, and
present such plan to the City Administrator and to the
Personnel Department.
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"'Peat Marwick
Ms. Shauna Clark
City of San Bernadino
April 1, 1992
9
. The Finance Director should assign formal tasks and related goals
to each member of his Department and develop a formal goal
achievement reporting mechanism.
Assistant Director of Finance
Although currently this position is unfilled, the position of Assistant Director
of Finance represents a key position that should be ffiled in the near future.
The Assistant Director position generally acts as the line supervisor for the
Department's staff, thus freeing the Director from this task. The Assistant
Director should also function as the key liaison person for other City depart-
ments and other governmental entities.
Delegation of such supervisory duties to the Assistant Director function
creates an accountability as well as "built-in" review mechanism for account-
ing decisions and work priority matters.
Internal AuditorlBudget Officer
This position was essentially created several years ago as a promotional
vehicle. It is an uncommon position in municipal government. However,
the position has been useful to the City in the past and, with modification, we
believe can be useful in creating an improved management structure for the
City's Finance Department.
Because of the nature of the duties now performed, very little of the Internal
Auditor/Budget Officer's time is now spent on either budget preparation or
true internal audit type work. We believe that the current position needs to
be restructured to provide an emphasis to one of the two principal duties -
either Internal Audit or Budget Officer. As commented on in our manage-
ment letter, we believe that there is a real need for an effective internal audit
position; further, as mentioned previously, we believe that a full-time budget
analyst position is also warranted.
We, therefore, strongly urge that the Finance Director conduct a thorough
evaluation of this position and develop a recommendation on how to best
restructure the position to better serve the City and the Finance Department.
o
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_Peat Marwick
Ms. Shauna Clark
City of San Bernadino
April 1, 1992
10
SPEGAL ASSESSMENT CONCERNS
The City has created several special assessment districts and issued long term
debt on behalf of citizens within those districts. This practice is again gaining
widespread popularity because of the extreme fiscal constraints that munici-
palities find themselves in today. While the City is not directly liable for the
debt of such districts, the City is required to account for the transactions
related to such districts, including capital expenditures for improvements for
which the debt was issued and related cash balances for unspent bond
proceeds, debt service transactions and related required cash reserves, and, in
some cases, the collection of special assessments and for foreclosure and/or
other proceedings on delinquent property owners.
These special assessment districts were established and the debt was issued
primarily through efforts of the staff and management of the Public Works
Department. Based on our discussions, we noted that during the process of
establishing these special assessment districts and issuing the related debt,
neither the Finance Department and the City Treasurer had been informed of
the existence or progress on such districts and their related debt until very late
in the overall district formulation process. Consequently, neither the City
Treasurer nor the Finance Department had been involved in reviewing the
specific requirements of such debt prior to issuance of the securities, the
transactions required to properly record the establishment of the districts and
the issuance of their related debt, the responsibilities of those departments to
maintain records related to the special assessment districts and the related
debt issued, the need to establish new accounting funds and the related
reporting requirements. A further result was that the Finance Department
had therefore not properly recorded the debt, related cash and investments
held by fiscal agents, nor the capital expenditures made from proceeds of such
special assessment district debt until the time of our audit.
In the future, we recommend that for all projects of this nature, all affected
departments should be involved at the earliest feasible stages. By involving
all such departments, the expertise found in the various departments can be
used to best advantage in establishing the most efficient, cost effective and
o
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_Peat Marwick
Ms. Shauna Clark
City of San Bernadino
April 1, 1992
11
productive project possible. Additionally, by involving all affected depart-
ments in the early stages, those departments can plan for their required
involvement in the project and can ensure timely fiscal and legal compliance.
INTERAGENCY TRANSACI10NS
The City's management has been very concerned about the proper recording
of interagency transactions. Historically, the inability of the City's accounting
function to meet the needs of the San Bernadino Economic Development
Agency (Agency) has led the Agency to seek other accounting and adminis-
trative alternatives. For example, at the end of the last fiscal year, significant
amounts were due to the City from the Agency for purchases of approxi-
mately $462,000 in fixed assets in fiscal year 1989/90 and a street resurfacing
project performed by the City on behalf of the Agency in the amount of
approximately $642,000. The City's practice is to first pay for such items and
then seek reimbursement from the Agency. In turn, the Agency quite
properly required all supporting documentation for such billings prior to
approval and reimbursement to the City. However, the Finance Department
was unable to produce all such documentation to support such purchases.
Consequently, there have been significant delays in reimbursement by the
Agency.
Because of the significant delays found in this payment/reimbursement
procedure, and an inability of the Finance Department to produce all required
supporting documentation, beginning in 1990/91, the Finance Department
sent all invoices and purchase orders for all Agency fixed assets and other
expenditures directly to the Agency, where such items were accounted for and
paid directly using the Agency accounts payable system and personnel.
However, the City also recorded a receivable and corresponding reimburse-
ment when such items were sent to the Agency, thus overstating the
reimbursements due from the Agency. During the course of the audit, such
reimbursements were written off.
It is clear that communications need to improve between the Agency and the
City in this regard, the first step in this improvement is to require the Finance
Department to research and obtain all necessary supporting documentation to
collect the balance of reimbursement due from the Agency. Further, the
.L.
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_Peat Marwick
Ms. Shauna Clark
City of San Bernadino
April 1, 1992
12
Finance Department must develop a system to maintain accurate and orderly
records for all interagency expenditures and adopt procedures to provide for
regular billing and collecting of amounts due from other departments and
government agencies for expenditures made on their behalf. Additionally,
whenever the City will be expending funds for purchases or projects on behalf
of other departments or government agencies where prior approval will be
required to obtain reimbursement, the City should make every effort to
formalize the reimbursement and approval process and to appropriately
budget for project expenditures in advance of making any such expenditures
on the other departments' or agencies' behalf.
ACCOUNTING PROCEDURES MANUAL
As noted in or letter to management, the City does not have an accounting
procedures manual. The lack of formalized accounting procedures coupled
with a difficult span of management control has lead to errors and improper
accounting in the City's general ledger.
Development of a formal accounting procedures manual should be a high
priority task as it will provide documentation of the accounting policies and
procedures of the City, thereby facilitating an understanding of those
operations by all members of management and providing detailed guidance
to all personnel involved in accounting activities. In addition, an accounting
procedures manual will facilitate the training of new personnel in case of
personnel turnover or extended personnel absences.
ECONOMIES OF SCALE
Background
Lastly, we have observed that the City, as a whole, operates several separate
self-contained functional departments within the overall City. Elsewhere in
this report, we suggest that communication difficulties arise from this
separate entity arrangement. We are informed that these separate accounting
..11
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_Peat Marwick
Ms. Shauna Clark
City of San Bernadino
April 1, 1992
13
and administrative functions were originally created to address the unique
needs of these now relatively autonomous agencies (most notably the
redevelopment and water enterprise activities of the City). We are also aware
that historical frustration has built up over the inability of the City's finance
and administrative functions to provide timely support and reliable data.
While both of these positions may have merit, we are compelled to address
the issue of the economic realities of maintaining often duplicative
accounting and administrative functions in. this period of diminishing
resources. For these reasons we believe that the City should ask itself
whether or not it can continue to maintain separate organizational structures
or whether a "consolidation" of some of these activities is in the City's
overall best interest.
A simple survey of comparable cities should provide the City with a basis for
asking this question. By way of example, most cities have only one account-
ing operation where all accounting transactional detail is processed for all
departments and agencies. The same is true for other departments as well; for
example, San Bernadino's City Treasurer is responsible for all investments
from a central location and the City Attorney generally addresses the
common legal problems of each of the three entities with little regard for the
separate legal status of each entity.
Consolidation of the duplicative accounting and administrative functions,
while not totally researched in the context of this study, has significant
management opportunities, including, but not limited to:
· Cost reductions associated with reducing/eliminating duplicative
functions and/ or personnel.
· Economies of scale from processing fuller workloads instead of
partial workloads.
· Economies of scale arising from the City's ability to make the
optimum use of its best accounting and administrative
resources and facilities.
*******
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_Peat Marwick
Ms. Shauna Clark
City of San Bernadino
April 1, 1992
14
This report is intended for the information of the Mayor and City Council of
the City of San Bernadino, California and its management. This restriction is
not intended to limit the distribution of this report, which is a matter of
public record.
Thank you for the opportunity to serve the City of San Bernadino. We
appreciate the courtesy and cooperation extended to us during our project.
We would be pleased to discuss the contents of this letter with you at your
convenience.
~'P111~..p~-t-m~
" !!!
~Pea&arwick
o
~ ....*.- _: .; .
Certified Public Accountants
-.<, -'
725 South Figueroa Street
Los Angeles. CA 90017
August 2, 1991
The Honorable Mayor and Members of the City Council
City of San Bernardino California:
We have audited the general purpose financial statements of the City of San Bernardino for the
year ended June 30, 1990, and have issued our report thereon dated November 17, 1990. In
planning and performing our audit of the general purpose financial statements of the City of San
Bernardino, we considered its internal control structure in order to determine our auditing
procedures for the purpose of expressing our opinion on the general purpose financial
statements and not to provide assurance on the internal control structure. We have not
considered the internal control structure since the date of our report.
During our audit we noted certain matters involving the internal control structure and other
operational matters that are presented for your consideration. Our comments and
recommendations have been discussed with the appropriate members of management and are
intended to improve the internal control structure or result in other operational efficiencies. It is
important to note that this letter is critical in nature and does not address the positive features of
the City' s procedures and controls.
Our comments are summarized as follows:
PROTECTING ASSETS
BANK ACCOllliIS
Findin~ and Ret'!ommendation
Reconciliations of all cash accounts were not performed throughout the year. Proper bank
reconciliations help ensure that adequate controls exist over both cash receipts and
disbursements. To ensure the propriety of the bank reconciliations an individual other than the
preparer of the reconciliations should review the reconciliations for accuracy and completeness.
A formal policy should also be established, in writing, as to periods of time and manner of
disposition pertaining to checks and disposition of checks, drafts and other reconciling items
outstanding for long periods of time.
MemberF"mol
O"..n"^'''' Da~' ..,~"'..." r."..,.........,
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.
.... Peat Marwick
,he Honorable Mayor and Members of the City Council
City of San Bernardino, California
August 2, 1991
Page 2
Manavement ResDonse
Realizing the imponance of timely and accurate bank reconciliations, the Finance Depanment
has placed extra emphasis on solutions to this problem. Through a reorganization of cenain
staff assignments, the bank reconciliations have been brought current. With the recent
consolidation of the Treasury functions within the Finance Department and the staff assignment
reorganization noted, a system has been implemented to ensure timely preparation of bank
reconciliations in the future.
GENERAL FIXED ASSETS
Findintt and Recommendation
The City does not maintain a record for its general fixed assets with the exception of fixed
assets purchased with the Community Development Block Grant and Job Training Partnership
Act program funds.
A formal fixed assets accounting system should be established to ensure that propeny and
equipment transactions and related expense (depreciation, amortization, etc.) are properly
recorded, classified and summarized. An inventory of general fixed assets should be taken to
determine the fixed assets the City possesses.
The City will benefit from the maintenance of fixed assets records by:
. Providing better controls over safeguarding the City's investments in fixed
assets,
. Establishing the responsibility for custody and effective use of fixed assets,
. Enabling the substantiation as well as serving as a basis for determining the
amount of grant funds used to finance expenditures for fixed assets, and
. Determining insurance needs and substantiating losses recoverable from
insurance in the event of a loss.
Manatlement ReSDonse
The City has appropriated funds in the fiscal year 1991/92 budget to implement a
comprehensive general fixed asset inventory system. It is expected that the system will be
implemented in the fall of 1991.
o
o
.... Peat Marwick
[he Honorable Mayor and Members of the City Council
City of San Bernardino, California
August 2, 1991
Page 3
ACCOUNTS RECE.IV ABLE
Findin~ and Recommendation
Approximately 40% of the accounts receivable balance in the general fund was made up of
outstanding invoices that were greater than one year old and were considered uncollectible.
The City should have formal procedures concerning the entire accounts receivable collection
process. Such a policy will allow the City to streamline the tracking of accounts receivable,
potentially increase its percentage of collections and more accurately state the accounts
receivable balance. An established formal policy should include but not be limited to the
following:
. Delinquent accounts listed and reviewed by an official independent of the cash
receipts function,
. All delinquent accounts less than $150 (current write-off maximum as dictated
by City Council) and past due 6 months to be written off by Director of Finance,
. All delinquent accounts greater than $150 and past due 6 months to be forward
to the City Attorney's Office for formal legal proceedings. The allowance for
uncollectible accounts to be adjusted as appropriate. and
. All delinquent accounts considered uncollectible by the City Attorney to be
submitted to the City Council to be formally written off.
Management Re~Donse
New policies and procedures on the accounts receivable collection process have been
formulated and are in the process of approval by the City Administrator. These new policies
and procedures were designed to streamline and standardize the collection and accounting
process and should help speed the collection process and reduce the amount of receivables
ultimately found to be uncollectible and subsequently written off. Upon approval of these new
policies and procedures, those receivables currently considered uncollectible will be written off.
Findinsr and Recommendation
The City does not track the garage inventory as it is used throughout the year. The results of a
physical inventory conducted at year end required a write off of $238,717 at June 30, 1990.
LI
.
MIl Peat Marwick
o
o
The Honorable Mayor and Members of the City Council
City of San Bernardino, California
August 2,1991
Page 4
The City should require the garage division to record the parts used and repon this information
to the Finance Department on a timely basis so that the expense and inventory can be properly
recorded, classified and summarized. Monitoring the usage of inventory will enable the garage
division to maintain better control over inventory and properly safeguard it against loss by theft
and unauthorized use. Actual expenditures for pans can also be compared to budgeted
expenditures on a monthly basis to ensure against cost overruns.
Mana~ement Re~Donse
The City initiated a garage inventory system at the beginning of the 1990191 fiscal year. The
system and other procedures such as periodic cycle counts were designed to ensure that garage
inventory would be accurately recorded on a timely basis.
IMPROVING MANAGEMENT INFORMATION
~
Findio2 and Recommendation
Significant "overdrafts" by individual funds of their respective shares of the City's cash and
investment pool occurred during the year ended June 30, 1990 ($8,357,686 at June 30,1990).
The Funds with such "overdrafts" and balances at June 30,1990 were as follows:
Special Revenue Funds:
Cemetery
Cable T.V.
Emergency
Federal and State Programs
Animal Control
Mobile Homes
Total Special Revenue Funds
Capital Projects Funds:
Nonon Project
Street ConstrUction
Indian Bingo Settlement
Cenificates of Participation
Special Assessments
Total Capital Projects Funds
$ 60,133
210,199
165,854
450,776
283,685
2.081
1.172.728
120,035
721,581
51
447,946
327.153
1.616.766
o
... Peat Marwick
o
.
Ibe Honorable Mayor and Members of the City Council
City of San Bernardino, California
August 2, 1991
Page 5
Internal Service Funds:
Workers' Compensation
Liability Insurance
Self- Insurance Health Plan
Motorpool
Telephone Support
Data Processing
Total Internal Service Funds
Agency Funds:
Joint Powers Financing Authority
Total Agency Funds
Total- All Funds
$1,225,761
322,901
2,452,888
167,378
335,642
240.078
4.744.648
823.544
823.544
$8,357,686
The effect of these "overdrafts" of the cash pool is that numerous City operations are not self-
supporting, rather they are supplemented by other City funds. This further results in a potential
reduction of cash available for other City functions in the Funds from which such cash was
"borrowed." Budgets, cost allocations, and fee structures should be set such that the
operations of specific funds do not use resources in excess of those available to it. To the
extent that the General Fund or other funds are regularly supplementing the operations of other
specific funds, an operating transfer10uld be made. And, to the extent internal service fund
rates are not sufficient to recover opaating costs, they should be adjusted (see comments on
"Internal Service Funds" below).
Mana2ement ResDonse
A majority of the cash pool "overdrafts," other than those in the Internal Service Funds, are the
result of timing differences. Such timing differences arise from payment of approved
expenditures which will subsequently be reimbursed from a variety of sources including
Federal and state grants, recoveries from certain users billed in arrears for expenditures made
on their behalf, and reimbursements for certain planned capital projects by the San Bernardino
Redevelopment Agency. A majority of such overdrafts are expected to be eliminated in the
1991192 fiscal year.
The overdrafts noted in the Internal Service Funds are the result of inadequate user charges to
other City funds. Steps have been initiated in the fiscal year 1989190, 1990191 and 1991192
budgets to increase certain user charges to eliminate the overdrafts noted in these funds. For
instance, through increased charges to user funds in fiscal year 1989190, the overdraft in the
Self-Insurance Health Plan was reduced by approximately $266,000. Such increases in the
charges to user funds are expected to substantially reduce the overdrafts through the 1990191
and 1991192 fiscal years.
~..-
o
o
.. Peat Marwick
, he Honoraole Mayor and Members of the City Council
City of San Bernardino, California
August 2, 1991
Page 6
COMPUTER AfPLICA nONS
Findin~ and Recommendation
The City's major financial and accounting applications are performed on the mainframe
computer. Principal applications include general ledger, accounts receivable, and utility
billings, among others. During the course of the audit, it was noted that the computer system is
not functioning properly. The following discrepancies were identified during the course of our
audit:
. The detail accounts receivable aging did not properly age many individual
accounts,
. The detailed accounts receivable balances do not always agree with the general
ledger,
. Several journal entries were not properly posting to the intended accounts, and
. The detail general ledger does not match the year end trial balance for some
funds.
We understand that the City has established an EDP steering committee. The committee is
currently evaluating the status of computer software to solve these deficiencies. We strongly
encourage and support this process and would like to emphasize its importance. In the interim
period, we recommend that temporary procedures be implemented to ensure that the above
noted problems are corrected.
Manavement ResDonse
The City has established the Management Information System Steering Committee to address
the concerns noted above. Upon review of the recommendations of the Committee, the City
has purchased a new computer system, expected to be operational by January I, 1992, which is
designed to address the deficiencies noted above.
~
Findinv and Recommendation
The City has refuse bin data (purchase date, location, bin number) on a manual worksheet
which makes updating information inefficient. Only one copy of this worksheet is available in
the refuse department. The misplacement of this worksheet will result in the loss of the only
documentation that is available for refuse bins.
~
o
o
.. Peat Marwick
1 he Honorable Mayor and Members of the City Council
City of San Bernardino, California
August 2, 1991
Page 7
The City should consider using a microcomputer to computerize refuse bin information. By
computerizing refuse bin information, it will be possible to retrieve and update this information
quickly and efficiently. Also, the likelihood of losing the only documentation for refuse bins
will be reduced.
Manavement ResDonse
The Refuse Department has established an automated routing system which currently is on the
City's mainframe computer. A refuse bin inventory system is currently being developed along
with an interface between the two systems. These systems and the interface are expected to be
updated and installed on the new mainframe computer when it is brought on line in January,
1992.
.lli:Q:RNAL SERVICf: FUNQS.
Finding and Recommendation
Certain internal service funds consistently report operating losses and most have large
accumulated deficits. The purpose of these funds is to provide services to user departments and
to charge those departments in order to recover operating expenses. As of June 30, 1990,
respective net incomes (losses) and accumulated retained earnings (deficits) (not including
contributed capital) for each internal service fund is as follows:
EYlli!
Unemployment Insurance
Worker's Compensation
Liability Insurance
Self-Insurance Health Plan
Motorpool
Telephone Support
Data Processing
Total internal service funds
Net Income
.C!.&.W
$ 34,953
(652,719)
(1,898,880)
267,187
(338,970)
(160,647)
229.379
$ (2,519,697)
Retained Earnings
<Deficit)
$ 180,644
(6,143,820)
(5,521,950)
(2,495,300)
(338,970)
(600,365)
(129.097)
$ (15,048,858)
The City should to evaluate the adequacy of rates charged to user departments for services
provided. These rates should be reviewed periodically to determine if such rates include all
costs of providing service including future replacement costs of equipment and prior deficits. A
major result of the insufficiency of the current rate structure is that, effectively, the general fund
has absorbed the costs of providing these services through significant borrowings by the
internal service funds from the cash and investment pool ($4,744,648 at June 30, 1990) (see
comments on "Individual Fund Overdrafts of Pooled Cash and Investments" above). Proper
rate structures and allocation of charges to user departments will more accurately refle<;t the
=~
o
o
.
II1II Peat Marwick
The Honorable Mayor and Members of the City Council
City of San Bernardino, California
August 2, 1991
Page 8
actual cost of services used by those departments and enhance the fair presentation of financial
information.
Manalrement ReSDonse
Of the $15 million cumulative fund deficits in the Internal Service Funds at June 30, 1990, $4.7
million relates to the cash pool overdrafts discussed above. The balance relates primarily to
reserves established to pay worker's compensation and general liability claims, including
estimates of incurred but not reported (IBNR) claims. Under generally accepted accounting
principles, management's estimate of the total expected cost of a claim, regardless of the period
or periods in which such claim is paid, must be accrued in the year such claim is incurred. In
the past, the City has established charges to user funds based upon the expected cash payments
against such claims to be made in a particular period, rather than on the estimated total claims
reserves incurred in that period.
The City has revised its policy regarding premium charges to user funds for worker's
compensation and general liability claims. Beginning with the fiscal year 1991/92 budget
process, user fund charges were set at levels sufficient to cover provision for management's
estimate of claims reserves required for claims incurred in the current period plus a surcharge
designed to reduce the cash pool overdrafts and fund deficits over a reasonable period.
Findin~ and Recommendation
Capital leases entered into during the year were not recorded properly in the General Long-
Term Debt Account Group and the Refuse Enterprise Fund. In addition, the capital lease
obligations and other long-term debt originating in prior years were not being relieved by the
fiscal 1990 principal payments.
To ensure that all General Long Term Debt and related expense are properly recorded, classified
and summarized, responsibility should be established for the preparation of entries to record the
debt transactions and related expense. To help facilitate this procedure, the City should prepare
schedules for leases and other debt summarizing the principal and interest payments and the
payment due dates. To ensure proper recording of leases transactions, lease agreements should
be forward from the Purchasing department to the Finance department as soon as leases are
entered into. The Finance department should also be notified upon receipt of equipment.
Manaj!ement ReSDonse
The Finance Department established a comprehensive capital lease and long-term debt schedule
in early fiscal year 1990/91. The Accounts Payable Supervisor has been assigned the
responsibility to maintain and monitor this schedule for all capital lease and long-term debt
transactions and balances.
i.ii=
o
o
.
_ Peat Marwick
The Honorable Mayor and Members of the City Council
City of San Bernardino, California
August 2, 1991
Page 9
IMPROVING EFFICIENCY
INTERNAL AUDlT STAFF
Findin2 and Recommendation
The City internal audit function is being performed by the "Internal Auditor/Budget Officer."
The job responsibilities of this position are extremely comprehensive and demanding. As such,
very little time is spent on performing the traditional role of an internal auditor. Internal audit
function is imponant to the City's internal control systems. To adequately address this
function, we believe that additional staffing is needed. The Internal Audit Staff should
perform, but not be limited to, the following functions:
. Ascenain the extent to which the City's assets are accounted for and safeguarded
from losses of all kinds,
. Ascenain the reliability of management data developed within the City,
. Ascertain the extent of compliance with established policies, plans, and
procedures,
. Review and appraise the soundness, adequacy, and application of accounting,
fmancial, and operating controls,
. Appraise the quality of performance in carrying out assigned responsibilities,
. Recommend operating improvements, and
. Assist and panicipate in the City's external audit.
The internal audit function would enhance the internal controls of the City. We believe that
there would be a positive costlbenefit relationship for an internal audit function.
Mana2ement Re~nonse
Management agrees that an increased internal audit function would facilitate a more
comprehensive review of the City's functions, policies and procedures in order to improve the
overall efficiency of City operations, could review selected taxpayer information to ensure
appropriate compliance with certain of the City's taxes and charges, such as the transient
occupancy tax, and could assist in the search for additional revenue sources for the City as
required. However, budget constraints have limited, and continue to limit, the City's ability to
increase internal audit staff size. While the Finance Department has temporarily rearranged staff
..... 0
~ Peat Marwick
o
.
The Honorable Mayor and Members of the City Council
City of San Bernardino, California
August 2, 1991
Page 10
duties within the department to help with the workload in the Internal Audit section, to increase
the internal audit function would require additional staff.
A
Findinll and Recommendation
The City does not have an accounting procedures manual. The lack of an accounting
procedures manual may lead to errors ~nd improper accounting entries made in the City's
general ledger.
An accounting procedures manual should be developed as it provides documentation of the
accounting policies and procedures of the City, thereby facilitating an understanding of those
operations by all members of management and providing detailed guidance to all personnel
involved in accounting activities. In addition, an accounting procedures manual will facilitate
the training of new personnel in case of personnel turnover or extended personnel absences.
Mana~ement ReSDonse
While the City has established a variety of accounting policies and procedures, they have not
been compiled into a comprehensive Accounting Procedures Manual. The Finance Department
has initiated steps to compile such a comprehensive Accounting Procedures Manual and expects
it to be completed in early 1992.
p
Findin2 and Recommendation
To facilitate effective completion of annual and monthly closing procedures and to ensure that
the overall Government timetable is met, formal closing instructions and related accounting
practices should be developed and be included as a separate section of an accounting procedures
manual. Procedures should include, but not be limited to:
. The purpose of all closing entries,
. Timetables outlining appropriate due dates,
. Sample formats, and
. Instructions for schedules to be prepared.
-
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o
.
_ Peat Marwick
The Honorable Mayor and Members of the City Council
City of San Bernardino, California
August 2, 1991
Page 11
We suggest that the annual timetable cover the period beginning with the year end cash count
and physical inventories through the completion of the data required for the fieldwork of the
annual audit. The closing procedures should include a chronological listing of the original due
dates for the items required and space should be provided for notation of actual dates
completed. Such information will facilitate review and timely follow-up by the Director of
Finance. The Director of Finance should assign to one individual the overall responsibility for
monitoring compliance of such timetable.
Manarement Response
In addition to the duties noted above, the "Internal Audil/Budget Officer" is responsible for
monitoring and coordinating the necessary year end closing procedures to assist the Finance
Department and the independent auditors in the preparation of the City's Comprehensive
Annual Financial Report (CAFR). A log and check list have been prepared outlining the tasks
and reports required for closing and the dates due. The Internal Auditor, under the direction of
the Director of Finance and in conjunction with discussion with the independent auditor, is
responsible for setting deadlines to ensure a smooth and timely closing.
The responsibilities of the Internal Auditor related to closing procedures have been
reemphasized for the 1990/91 fiscal year. The Finance Department, including the Internal
Auditor, understand the importance of well-designed and monitored closing procedures to the
timely issuance of the City's CAFR.
DISCUSSION OF THE NATURE OF OUR LETTER
AND ITS LIMITATIONS
In connection with our audit, we reviewed and tested the City's system of accounting control to
the extent we considered necessary to evaluate the system as required by generally accepted
auditing standards. Under these standards, the purpose of such evaluation is to establish a
basis for reliance thereon in determining the nature, timing and extent of other auditing
procedures that are necessary for expressing an opinion on the general purpose financial
statements.
The objective of internal accounting control is to provide reasonable, but not absolute,
assurance as the safeguarding of assets against loss from unauthorized use or disposition, and
reliability of financial records for preparing financial statements and maintaining accountability
for assets. The concept of reasonable assurance recognizes that the cost of an internal
accounting control system should not exceed the benefits derived and also recognizes that the
evaluation of these factors necessarily requires estimates and judgements by management.
o
o
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., Peat Marwick
ibe Honorable Mayor and Members of the City Council
City of San Bernardino, California
August 2, 1991
Page 12
There are inherent limitations that should be recognized in considering the potential
effectiveness of any system of internal accounting control. In the performance of most control
procedures, errors can result from misunderstanding of instructions, mistakes of judgement,
carelessness or other personnel factors. Control procedures whose effectiveness depends upon
segregation of duties can be circumvented intentionally by management with respect either to
the execution and recording of transactions or with respect to the estimates and judgements
required in the preparation of the financial statements. Further, protection of any evaluation of
internal accounting control to future periods is subject to the risk that the procedures may
become inadequate because of changes in conditions and that the degree of compliance with
these procedures may deteriorate.
Our study and evaluation of the City's system of internal accounting control, which was made
for the purpose set forth in the first paragraph above, was not designed for the purpose of
expressing an opinion on internal accounting control, and it would not necessarily disclose all
material weaknesses in the system.
**********
This letter is intended for the information of the Mayor and City Council of the City of San
Bernardino, California and its management. This restriction is not intended to limit the
distribution of this letter, which is a matter of public record.
Thank you for the opportunity to serve the City of San Bernardino. We appreciate the courtesy
and cooperation extended to us during our audit. We would be pleased to discuss the contents
of this letter with you at your convenience.
-1<!..:pn., Cr P...u:t""M ~
I~
,))
an OF SAN BERNARDINO, CALIFORNIA
Comprehensive Annual Financial Report
For the fiscal year ended June 30, 1991
Prepared by the Department of Finance
Andy Green, Director
3/
...
....
TIllS PAGE LEFr INTENTIONALLY BLANK
-----
o
o
CITY OF SAN BERNARDINO, CALIFORNIA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
YEAR ENDED JUNE 30,1991
TABLE OF CONTENTS
Exhibit ~
INTRODUCTORY SECTION
Letter of Transmittal Iii
Roster of Oty Officials x
Organization Chart xi
FINANCIAL SECTION
Independent Auditors' Report 1
General Purpose Financial Statements:
Combined Ba1ance Sheet - AllFund Types and Account Groups 1 4
Combined Statement of Revenues, Expenditures and Changes In Fund
Balances - All Governmental Fund Types 2 8
Combined Statement of Revenues, Expenditures and Changes In Fund
Balances - Budget and Actual - General, CertaIn Special Revenue
and Certain Capital Projects Funds 3 10
Combined Statement of Revenues, Expenses and Changes In Fund Equity
(Accumulated Deficit) - All Proprietary Fund Types 4 12
Combined Statement of Cash Flows - All Proprietary Fund Types 5 14
Notes to General Purpose F"mancial Statements 16
Combining Financial Statements:
Combining Balance Sheet - All Special Revenue Funds 6 62
CombInIng Statement of Revenues, Expenditures and Changes In Fund
Balances (Accumulated Deficit) - All Special Revenue Funds 7 68
CombInIng Statement of Revenues, Expenditures and Changes In Fund
Balances (Accumulated Deficit) - Budget and Actual- All Budgeted
Special Revenue Funds 8 74
Combining Balance Sheet - All Debt Service Funds 9 82
CombInIng Statement of Revenues, Expenditures and Changes In Fund
Balances (Deficit) - All Debt Service Funds 10 86
Combining Balance Sheet - All Capital Projects Funds 11 90
Combining Statement of Revenues, Expenditures and Changes In Fund
Balances (Deficit) - AIl Capital Projects Funds 12 96
CombIning Statement of Revenues, Expenditures and Changes In Fund
Balances (Accumulated Deficit) - Budget and Actual- All Budgeted
Capital Projects Funds 13 102
Combining Balance Sheet - AIl Enterprise Funds 14 110
i
o
o
CITY OF SAN BERNARDINO, CAUFORNIA
COMPREHENSIVE ANNUAL FINANCIAL REPORT, CONTINUED
TABLE OF CONTENTS
Combining Statement of Revenues, Expenses and Changes in Fund Equity
(Accumulated Deficit) - All Enterprise Funds
Combining Statement of Cash Flows - All Enterprise Funds
Combining Ba1ance Sheet - AlI Internal Service Funds
Combining Statement of Revenues, Expenses and Changes in Fund Equity
(Accumulated Deflclt) - All Internal Service Funds
Combining Statement of Cash Flows - All Internal Service Funds
Combining Statement of Changes in Assets and Uabilities - All Agency
Funds
STATISTICAL SECTION
General Revenues by Source - All Governmental Fund Types
General Govenunental Expenditures by Function - All Governmental Fund
Types
Assessed Value of Taxable Property
Ratio of Annual Debt Service for General Bonded Debt to General
Expenditures
ii
j
Exhibit ~
15 112
16 114
17 116
18 118
19 120
20 122
128
129
130
131
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CITY OF
San Bernardino
FINANCE DEPARTMENT
ANDREW M GREEN
DIRECTOR OF FINANCE
DAVID E REID
ASSISTANT DIRECTOR OF FINANCE
March 26, 1992
Ms. Shauna Clark
City Administrator
City of San Bernardino
San Bernardino CA 92418
Dear Ms. Clark,
The Comprehensive Annual Financial report of the city of San Bernardino,
california, for the fiscal year ended June 30, 1991 is submitted
herewith in compliance with Ordinance 2855, Section Three (D). This
year's report has been expanded to provide additional information as
required by generally accepted accounting principles. The accompanying
report is comprised of an introductory information section, a financial
information section, and a statistical information section.
The Xntro4uctorv Xnfo~tion section - consists of this transmittal
letter, roster of city officials and city organization chart.
The pinancia1 Xnformation section - consists of the auditor's opinion
letter and the general purpose financial statements including applicable
notes and supplemental information.
The Statistical Xnformation section - consists of miscellaneous data of
a financial and non-financial nature concerning the City of San
Bernardino.
The city has also initiated a process which will result in a
comprehensive fixed assets program. This fixed asset program, once
fully implemented, will produce an accurate accounting of the City's
fixed assets in addition to bringing the City closer to total compliance
with generally accepted accounting principles.
FINANCIAL INFORMATION
This report has been prepared in conformity with generally accepted
accounting principles and is presented to conform with Government
Accounting Standards Board (GASB) and the Financial Accounting Standards
PRIDE .f
gs
300 NORTH
CALIFORNIA
D S T A E E T
92418-0001
iii
SAN BERNARDINO
7 1 4 I 3 8 4 . 5 2 4 2
iiII
o
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Board (FASB) requirements. Accordingly, this report includes financial
activities of the Economic Development Agency, Municipal Water
Department, Civic Center Authority, Joint Powers Financing Authority,
and the Municipal Water Department portion of the Public Safety
Authority. This report covers all funds and account groups of the City.
It includes app~opriate combined and COmbining statements with
accompanying notes and schedules deemed necessary to present an accurate
financial picture of this City while complying with all legal provisions
and determining fairly, with full disclosure, the financial position of
the City as of June 30, 1991 and the results of its operations and the
cash flows of the proprietary fund types for the year then ended.
Accounting systems used by the city are described in the notes in the
Financial Statement Section of the Report.
The following sections summarize City financial information by functions
and categories which conform to generally accepted accounting
principles. Each section is further separated where applicable, into
"City" and "Other City Agencies" financial categories. The "Other City
Agencies" category contains financial information for the Economic
Development Agency, Water Department, Civic Center Authority and the
portions of the Public Safety Authority which pertain to the Water
Department.
GENERAL GOVERNMENTAL FUNCTIONS
The General Governmental Functions consist of the General Fund, Special
Revenue Funds, Debt Service Funds and Capital Projects Funds.
Revenues The 1990/91 General Governmental Functions' revenues totaled
$82,822,000. This represents a 9.3% decrease when compared to the
1989/90 fiscal year. The 1990/91 revenues for the General Governmental
Functions are categorized and compared to the 1989/90 fiscal year below:
~
(In Thousands)
Percent
Increase Increase
<Decrease> <Decrease>
1990/91 Percent of over over
Revenue Source total total 1989/90 1989/90
Property tax $12,398 15.0 % 3,477 39.0%
Other taxes 37,691 45.5 900 2.4
License and permits 5,135 6.2 231 4.7
Fines and forfeits 706 .9 343 94.4
Use of money and property 938 1.1 <794> <45.9>
Intergovernmental revenue 15,839 19.1 <6,545> <29.3>
Charges for services 6,095 7.4 <4,089> <40.2>
Miscellaneous 4.020 4.8 <1.954> <32.8>
Total Revenues $82,822 100 % <8,431>
iv
""
crr9REVENUES - 1 ~O/91
GOVERNMENTAL FUND TYPES BY CATEGORY
OlliER TAXES (45.5%)
CHARGES FOR SCVS (7.4%)
USE OF PROP &, MONEY (1.1%)
PROPERTY TAX (15.0%)
MISC (4.9%)
LICENSE &, PERMITS (6.2%)
INTERGOV (19.1%)
FINES &, FORFEITS (0.9%)
The Property Tax gain of 39% .consisted primarily of the inclusion of a
street lighting and street sweeping assessment district in fiscal year
1990/91. The Other Tax category increase of 2.4% is primarily comprised
of increases in the collections of utility users taxes. The increases
to the Licenses and Permits and Fines and Forfeits categories of 4.7%
and 94.4% respectively, were as a result of Business Licenses fees and
Vehicle Code Violations fines respectively. The Use of Money and
Property and Intergovernmental categories decreases were due to the
Community Development Activity .being transferred to the Economic
Development Agency. The decreases in the Charges for Services and
Miscellaneous categories was caused by decreased collections of
development fees and one time cost reimbursements which were collected
in 1989/90.
Assessed Valuations The Assessed Valuation for the city of San
Bernardino as of July 1, 1990 for the 1990/91 fiscal year is
$3,167,676,634. This represents a 7.8% increase over the prior year.
The assessed value as of July 1, 1991 for the 1991/92 fiscal year is
$3,386,246,322 or 6.9% above the 1990/91 fiscal year.
EXtlenditures The expenditure component of the General Government
Functions amounted to $84,770,000 for 1990/91. This equates to a 3.2%
decrease when compared to the prior year. A breakdown by expenditure
function with applicable increases and decreases over the prior year is
listed below:
v
'ill
o
Exoenditure function
General Government
Public Safety
Public Works
Culture and recreation
Capital outlay
Debt service
Total expenditures
a
CITY
(In Thousands)
1990/91
total
$15,288
40,197
11,802
8,169
8,252
1,,062
$84,770
Percent of
total
18.0%
47.0
14.0
10.0
10.0
1.0
100
%
Increase
<Decrease>
over
1989/90
<1,481>
5,273
<5,731>
324
<409>
<703>
Percent
Irx::rease
<Decrease>
over
1989/90
<8.8>%
15.1
<32.7>
4.1
<4.7>
<39.9>
<2,727>
CITY EXPENDITURES - 1990/91
GOVERNMENTAL FUND TYPES BY FUNCTION
PUBLIC SAFETY (47%)
PUBLIC WORKS (14%)
GENERAL GOVERN (18%)
DEBT SERVICE (1%)
CAPT OUTLAY (10%)
CULTURE & RECREATION (10%)
The variances in the General Government, Public Safety and Culture and
Recreation categories were caused by personnel costs. In the case of
General Government and Culture and Recreation, salary savings Caused by
hiring freezes was a major factor in the decrease of costs. In the case
of the Public Safety category, increased costs for expanded Police
services as a result of the Street Lighting/Sweeping Assessment District
vi
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was the primary cause of the 15. 1% increase. The decreases in the
Public Works and Capital Outlay categories were as a result of the
transfer of the Community Development activity to the Economic
Development Agency. The Debt Service category costs declined due to the
large amount of bonds called in fiscal year 1989/90 for Assessment
District #5861.
Undesianated Fund Balances The total amount of undesignated fund
balances deficits for the General Governmental function is $<1,361,000>
or a 52.9% improvement over the prior year. The major cause of the
improvement was revenue for 1989/90 capital projects reflected in
1990/91. The transfer of the Community Development activity revenue and
deClining user fees prevented an even larger overall improvement.
A schedule of the undesignated fund balances by fund type is listed
below:
ITIT
(In Thousands)
General
Special revenue
Debt service funds
capital projects
Total
Increase
(decrease)
Percent of over
1990/91 total 1989/90 1989/90
$ <630> 46 % $ 1,553 <2,183>
1,270 <93> 1,727 <457>
381 <28> 378 3
<2.382> 175 <6.546> 4.164
$<1,361> 100 % $<2,888> 1,527
OTHER CITY AGENCIES
(In Thousands)
Revenues for Other City Agencies Governmental Fund types have increased
14.7% over the 1989/90 fiscal year. A breakdown by category is listed
below:
Increase/ Percentage
(Decrease) Increase
Percent OVer OVer
Revenue Source 1990/91 Of Total 1989/90 1989/90
Property Tax $14,516 55.9 % $ 143 .1
Use of Money & Prop. 8,581 33.0 1,085 14.5
Charges for Service 347 1.3 347 100.0
Other 2.520 9.8 1. 755 229.4
Total $25,964 100 % $3,330
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Expenditures for the Governmental Fund types of the Other City Agencies
increased 20% over the prior year. A breakdown of the expenditure
functions with applicable increases and decreases is listed below:
Exoenditure Function
Percent
Of Total
1990/91
$ 7,802
-0-
12,293
56
General Government
Capital Outlay
Debt Service
Other
38.7 %
-0-
61.0
.3
Total
20,151
100
ENTERPRISE FUNCTIONS
CITY
Increase/
(Decrease)
Over
1989/90
$ 5,787
<27>
2,381
<4.811>
Percentage
Increase/
(Decrease)
Over
1989/90
287
<100>
24
<98.8>
%
3,330
This Enterprise Function consists of the Refuse Fund. The 1990/91
Enterprise Function reflects a net operating gain of $289,000. This is
up 130% when compared to 1989/90. The increase is due primarily to
increased county dumping charges and program automation costs which will
be reflected in the 1991/92 fiscal year.
The Enterprise Function reflects an unreserved retained earnings amount
of <$76,000> as a result of the 1990/91 reservation of carryover
appropriations of approximately $490,000.
Other Citv Aaencies
Operations from the Enterprise Function for Other City Agencies which
includes the Economic Development Agency, Municipal Water Department,
Civic Center Authority, Joint Powers Financing Authority and the
Municipal Water Department portion of the Public Safety Authority,
reflected a net operating gain of $2,558,000. This represents an
increase of 264.4% over the prior year. The unreserved retained
earnings for 1990/91 was $21,234,000 which is 34% below last year.
INTERNAL SERVICE FUNCTIONS
The Internal Service Functions consist of the following funds:
Unemployment Insurance
Worker's Compensation Insurance
viii
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Liability Insurance
Self Insurance Health Plan
Motor Pool
Telephone Support
Data Processing
The combined Internal Service Function operations loss in 1990/91 was
$1,030,000. This loss resulted largely from an additional provision for
estimated claims and reservation for contingencies of approximately
$12.7 million (primarily in the self insurance funds). The additional
provision for estimated claims and contingencies is not only required by
generally accepted accounting but is also prudent to help guard against
unanticipated cash shortfalls. While a continuing area of concern, the
overdrafts of the cash and investment within the Internal Service Funds
decreased $1,132,000 to $3,563,000. The City is further addressing the
Internal Service Fund deficits through actions which will be reflected
in the 1991/92 fiscal year.
Following is a computation of the legal debt margin as of July 1, 1991:
Assessed value 1990/91 used to compute
city Property Tax revenues
$791,919,160
Debt limit (Section 133 city Charter) 15%
$118,787,874
ACKNOWLEDGEMENTS
I would like to express my appreciation to all members of the Finance
Department who assisted and contributed to the preparation of this
report. They are to be especially commended for the professional
quality of their work. I would like to thank your office, the Mayor,
and Members of the City Council for their interest and support in
planning and conducting the financial operations of the City in a
responsible manner.
Respectfully yours,
11 0 '\ .r! LJ.-
~)UI
Andrew Green
Director of Finance
ix
..
......,. ,J..;;....'...-....".
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an OF SAN BERNARDINO, CALIFORNIA
Roster of City Officials
June 30, 1991
Lejpslative Officials
W. R. (Bob) Holcomb.............................................................................................................Mayor"
Esther R. Estrada.....................................................................MemberofCommon CounciJ- Ward 1"
Jack R. ReiIly...........................................................................Member of Common Cotm!:n.-Ward 2"
Jess Flores ..............................................................................:.Member of Common CounCiJ ""'Ward 3"
Michael Maudsley ...................................................................Member of Common CounciJ -:- Ward."
Tom Minor................................................................................Member of Common CounciJ:"Ward SO
Valarie Pope-Ludlam ..............................................................Member of Common CounciI _ Ward 6"
Norine Miller ..........................................................................Member of Common CounciJ- Ward.,.
Chief Administrative Officer
Shauna Clark .....................................................................................................City Administrator
~nt Heads
Rachel Krasney ..............................................................................................................City Oerk"
James F. Penman.........................................................................................................City Attorney"
Craig Graves.............................................................................................................City Treasurer"
Andrew Green ...................................................................................................... Director of Fmance
Larry Reed.............................................................Acting Director of Planning and Building Services
Daniel Robbins ..........................................................................................................Chief of Police
Will Wright.....................................................................................................................Fire Chief
Roger Hardgrave ......................................................................Public Works Director/City Engineer
Annie Ramos.........................................................................................Park and Recreation Director
Robert S. Ewing.......................................................................................................... City Ubrarian
George Fujiwara......................................................................Executive Director (Federal Programs)
Manual P. Moreno, Jr. ....................................................................................Public Services Director
Wayne Overstreet............................................................................ Facilities Management Director
" Elected Officials
x
xi
.
THIS PAGE LEFT INTENTIONALLY BLANK
"~.,;:;,^,.",'o
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CITY OF SAN BERNARDINO, CAUFORNIA
Financial Section
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TInS PAGE LEFI' INTENTIONALLY BLANK
KPMll PeaPMarwiCk
o
Cenified Public Accountents
725 Soutl1 Figueroa Street
Los Angeles. CA 90017
INDEPENDENT AUDrrORS' REPORT
The Honorable W. R. Ho1comb, Mayor
Oty of San Bernardino, California:
We have audited the general purpose financial statements of the Oty of San Bernardino, Callfomia
as of and for the year ended June 30, 1991, as listed in the accompanying table of oontents. These
general purpose financial statements are the responsibility of the Oty's management. Our
responsibility is to e.pIelb an opinion on these general purpose financial statements based on our
audit. We did not audit the financial statements of the Water, Sewer and Geothermal Enterprise
Funds which statements reflect totaI assets oonsisting of 97'lI> and revenues oonsisting of 64')1"
!~lively, of the related Enterprise Fund Type totals. Those financial statements were audited by
other auditors whose repo. b thereon have been furnished to us and our opinion exprened herein,
insofar as it relates to the amounts included for the Enterprise Fund Type, is based solely upon the
reports of the other auditors.
Except as discussed in the following paragraph, we oonducted our audit in aa:ordance with generally
accepted auditing standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material misstatenlet\t. An
audit includes examining. on a test basis, evidence supporting the amounts and disclosures in the
financial statements. An audit also includes ass! [ ling the acmunting principles used and significant
estimates made by management, as well as evaluating the overall financial statement presentation.
We believe that our audit provides a reasonable basis for our opinion.
The General FIXed Assets Acoount Group includes only general fixed assets of the Redevelopment
At,eocy and does not include any amounts recorded as general fixed asaets for the Oty, as required by
generally accepted accounting principles, inasmuch as the Oty does not maintain a record of its
general fixed assets. In addition, the Redevelopment Agency does not maintain adequate records
relating to furniture and equipment of the General Fixed Assets Account Group. Accordingly, we are
unable to satisfy ourselves as to the fixed asaets balances of the Oty and Redevelopment Agency.
In our opinion, based on our audit and the reports of other auditors, and l!XO!pl for the effects on the
general purpose financial statements of the omission of certain general fixed assets and the effects of
such adjustments as might have been detennined to be re<:e!'sary had we been able to examine
adequate fixed asset records as discussed in the preceding paragraph, the general purpose financial
statements referred to above present fairly, in all material respects, the financial position of the
Oty of San Bernardino, California as of June 30, 1991 and the results of its operations and the cash
flows of its Proprietary Fund Types for the year then ended in oonfonnity with generally accepted
lIClDunting principles.
~".'.~..'I!"l!":!.""g
. f.+.l'....:.~..:.
.'__ c., ..-_.~.:-.,1':;0 .:,cj,; -'. u_.....I:___...
1
o
<)
Our audit was made for the purpose of forming an opinion on the general purpose financial statements
taken as a whole. The combining financial statements listed in the table of contents are presented for
purposes of additional analysis and are not a required part of the general purpose financial
statements of the City of San Bernardino, California. Such information has been subjecled to the
auditing procedures applied in our audit of the general purpose financial statements and, in our
opinion, based on our audit and the reports of other auditors lef~u.,d to above, and except for the
effects of the ommission of certain general fixed assets and the effects of such adjustments as might
have been detennined to be llI!("u.ft'Y had we been able to examine adequate fixed assets records as
discussed in the second preceding paragraph, is fairly presenled, in all material respects, in relation
to the general purpose financial statements taken as a whole.
The City utilizes internal service funds to account for self-insurance activities. The self-insurance
funds user charges are inadequate to cover liabilities relaled to self-insurance activities. As a result,
the self-insurance funds total accumulaled deficits amounled to $15.399,000 as of June 30, 1991.
-It. 1>'111 4- 17 d ?J1~
December 20, 1991
2
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CITY OF SAN BERNARDINO, CALIFORNIA
General Purpose F"mandal Statements
Year ended June 30, 1991
3
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Exhibit 1
CITY OF SAN BERNARDINO, CALIFORNIA
Combined Balance Sheel-
AH Pund Types and Aa:ount Groups
June3O,1991
(In thousands)
Govem:m.mtal Fund Tvues
Special Capital
~ and OlherDebits Geaaal Revenue Debt Serviee Pmil!ds
Cash and investments $ 416 12,905 1,852 52,014
Cash with fiscal agent 581 26,568 518
Aa:ounts receivable, Del of allowance of $411 347 449 669
Other receivable 3,244
Inlereot ft!c:eivable 203 312 m 1,458
Due from other funds 1,126 3,574 84 13,928
Due from other governmental ageDCies 2,2t9 5,174 3,157
Advances to other funds 4,635
Noles receivable 3,565 5,017
Leoses receivable 11,495
lnWDlories 461
Prepoid items 82
Land held fornsale 540 14,947
Other_ 375 848
Land
Improvements
MadlineIy and equipment
ConslnJdion in progr_
A<XUDUlated depnlCiation
AmouDt avai1abIe in debt service funds for .............t
of Iong-lenn debt
Amount to be provided for retirement of Jong-tenn debt
Total_ $ 5.435 30.138 29.282 108.686
4
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Aemant GIOUDS
Pl'ODIietarv Pamd TYDB Ficlucluy Geaenl Total
- Paad TYDe Geaenl JlbaecI ~T_ 17- -..4_
'R~_ Senke A__ - Debt -
16,588 386 7,(148 91,209
5,515 10,384 C,566
6,176 67 1,447 9,155
3,244
26 2;l77
1,lJll8 19,800
2,159 144 290 13,IC
208 4,8C
642 9,224
11,495
1,356 1,8l7
230 19 :m
15,487
602 1,825
5,959 5,959
95,164 5,472 100,636
11,1)41 3.590 564 15,195
36,044 36,044
(33,837) (1,8'71) (35)08)
29,109 29,109
]"'401 102.401
148.961 ?~lIi; 19.169 6.036 131510 481.552
5
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Exhibit 1-2
CI1Y OF SAN BERNARDINO, CALIFORNIA
Combined Balance Sheet-
All Fund Types and Account Groups
June 30, 1991
(In thousands)
6
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Aa!cnm.t Gm1lD8
PmDrieta:rY Paad TrDea Picladary Ceaeral Total
- PImd TYDe GeDenlFbed J..oDs-T- (",--"'d1lDl
w............ s.m.. .6._"V -'- Debt 0IlIv1
3,563 1,137 8,463
5,745 187 5 11,881
762 19 1,145 4,873
296 40 363
1,536 19,800
208 4,8C3
2,476 2,476
577 6,458 7,ll68
17m
10,384 10,384
12)113 12)113
4,282 4493 6,775
543 543
94,474 94,474
5,340 14,765 211,105
1,182 1,182
11,464 5,115 16,579
2,524 1,357 2.514 6,395
1.198 10.216 11.414
36.2110 17.829 19.169 131.510 258.118
77 ,llC3 584 77,627
6,l136 6,l136
489 489
13,429 65 13.494-
21,800 (16,143) 5$
29,109
393
4,635
8,582
461
15,487
93
54,958
16,333
(9.920)
112 761 nSA94) 6.D36 m.434
140%1 ?~Il; 19.169 6.036 131.510 481.552
7
Revenues:
Propes l)- taxes
Other taxes
Lic:enses and pennits
Fines and forfeits
Use of money and property
Inle1S.o._&d1'leII.ta1 revenues
CJwsesfor-
Other revenues
Total revenues
Ilxpenditures:
Cunent:
GeneraJ government:
Oepartmenbd
Nondeputmental
Public sa!ely
Public works
Cu1tme and noc:n!IIIian
CapiIa1 outlay
Debt service:
PriDdpo1retiremeDt
inten!ot and fisca1 charges
Other
Total expenditures
Ilxaos (deficiency) of.......
...... over expeuditun!s
Other financing IlOUttes (.....):
Proceeds capilaIlease obligation
0peratiIlg transfen in (out)
Total other financing
sourt:es (.....)
Ilxaos (deficiency) of.......
...... and other sourt:es
over expeuditun!s and
oth........
Fund balances, July 1, 1990
Fund balances, June 30, 1991
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Exhibit 2
CI1Y OF SAN BERNARDINO, CALIFORNIA
Combined Slaten....t of Revenues, Expenditwes and
Changes in Fund IlaIances - All Governmental Fund Types
YearendedJune30,1991
(In thousands)
r..-.__l
Special
_ue
Debt Service
7,533
$
8,7%
37,691
4,822
4'Tl
353
7,491
2,810
2.143
187
313
209
2,7l2
6,666
1,840
889
1,931
1.243
10.707
64.603
12.816
8,751
1,911
38,173
10,4'Tl
5,352
202
5,299
83
2,024
1,305
2,817
103
148
25
2
1
2.663
8;177
39
65.ll59
11.634
11.479
(456)
1.182
(772)
(568)
7
3.6!17
3.473
(568)
3.664
3.473
(l,()24)
4,846
2,701
2.784
15.192
26.408
29.109
$
1.760
20.038
See accompanying notes to generaJ purpose financial statements.
8
Capital
PmIeds
10,398
4,523
1,682
1,792
2.26..1;
2O.6W
7,046
7,947
992
747
17
16.749
3.911
l5.3071
(5.3071
(1,396)
70.620
69.224
Total
lmemODDdam
oabr)
26,914
37,691
5,135
706
9,519
15,839
6,442
6.540
108.786
21.096
1,994
4O,1'Tl
11,l102
8,169
8,252
3,805
9,550
56
104.921
3..AA..1i
7
1.255
1.262
5,127
1151J04
120.131
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TIDS PAGE LEFT INTENTIONALLY BLANK
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1!xhibil3
CITY OF SAN BERNARDINO, CALIFORNIA
Combined Statement of Revenues, Expenditwes Uld Changes in Fund BaIances-
Budget and Actua1- GeoenI, Certain SpeciaI_ue Uld Certain CapiIa1 PJOjects Funds
Year ended JUlIe 30. 1991
(In thousands)
('"-- CataiD ~.1 R.evea.~ (Note 1)
v_- V........-
_ble _ble
Budll@t ........... (mafavorahle) Bnort.... AduaI '....fnonble)
Revenues:
Property taxes $ 8,221 8.796 5'l5 235 187 (48)
Other taxes 40,202 37,691 C2.511)
Lic8Ioes and permits 5,634 4,822 (812) 360 313 (47)
HDesUld_ 353 4'77 144 205 2Il9 4
UIe of _ Uld property 929 353 (576) 159 1,276 1,117
1n~ta1revenues 7,811 7,491 (320) 2,S3O 3,230 :>00
Charges tor....- 3.698 2,810 (888) 3S1 166 (185)
Other ........Ue5 2.1'13 2.143 (3(J) 2 45 43
Total revenues 69.021 64.603 (4.418) ~R4? 5.426 1.584
1l>cpendiIuIe<
Cunm~
GeDonl goven1Dll!IIt
Deporto....ta1 8,760 8.751 9 865 1.ll81 (216)
NClIldepulmeotaI 1P75 1,911 (836) 83 (83)
Public sar.ty 41,393 38,1'13 3,220 1,414 1,761 (347)
Public WOJb 11.587 10,497 1,(l9O 215 1,30S (I,(l9O)
~ and......uion 5,819 5.352 467 2,974 2,817 157
Capita1 outlay 7S3 202 5S1 99 (99)
Debt service:
PriDdpal_. 148 (148)
_aadfisc:al~ 25 (2S)
Other
Total expmditwes 693if7 IoIj;MQ .~ 5- 7.146 (1.678)
_ (deficiency) of
............OWI"
""J>l!Dditure (366) (456) (90) (1,626) (1,720) (91)
Other fiDanc:ing """"'" - opentiIlg
_in (out) !S68) !S68) 557 557
_ (de6cieDcy) of
revenues and _
"""""" OWl" expmdi-
tun!s and. other uses $ (366) (I,D24) (6581 Cl.626) (1,163) 463
Fund boIancm, July 1, 1990 2.784 2.772
Fund boIancm,june3O, 1991 $ 1.760 1.609
See lICCllIllpIDying notes to geaen1 purpose finandal sta...........
10
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CertaiD. CaDibJ. Pnrieda fNote 1) Total 1----.."'.. ......)
v_- v_-
-... -...
.......... Ac:Iaa1 I_~......\ a....... A.......I '..--ble)
3,256 3,256 8,456 12,239 3,7ll3
40,202 37,691 (2,511)
5,994 5,135 (859)
SS8 7IJ6 148
23 23 1,(188 1,652 SM
fD 1,682 1,613 10,410 12,403 1,993
3,447 1)92 (1,655) 7,496 4,768 (2,728)
451 1.1)77 620 2.632 326..l!) 633
3.973 7.1l3O 3Jl1;'7 7"A.'V. 77.859 11)'21
9,625 9,832 (207)
1,l7JS 1,994 (919)
42,1111 39,934 2,873
317 G17) 11,l102 12.119 1:317)
8,793 8,lfD 62f
19,6.1 7,B19 11,613 20,245 8,180 l2,IJ65
1<14 (100 2S2 C/52)
58 (S8) 83 (83)
19A92 R:!lQ 11.134 9U47 80.563 13.7lN
(15,519) (S28) 14,991 (17,511) CI.'IN) 14,807
1.330 1.330 1.319 1.319
l1S519l
8lI2
16.321
fi751t)
(1,385)
16..126
11.498
t7.DM
12.300
15.669
11
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Exhibit 4
CITY OF SAN BERNARDINO, CALIFORNIA
Combined Statement of Revenues, Expenses and Changes
in Fund Equity CAccumulated Deficit) - All Proprietary Fund Types
Year ended June 30, 1991
(In thousands)
Total
Intemal <memorandum
IlnterDri8e Service only)
Revenues:
Charges for servkes $ 30,115 8,183 38,298
Other revenue 4S3 4S3
Intergovernmental 11m 1.(183
Total revenues 30.568 9.266 39.834
Operating e>cpenses:
Personal services 9,831 1,837 11,668
COIItrac:tual services 7,813 720 8,533
Claims e>cpense 400 5,448 5,848
Supplies 43S 681 1,116
Materials 1,925 1,925
Utilities 2,S87 40S 2,992
Maintenance and repair 2,604 1,337 3,941
Capital outlays 102 18 120
DepJeciation 3,666 366 4,032
MicnDlI:lI~ 678 210 888
Total operating expenses 30Ml 111l?? 41.063
Operating ina>me (toes) !m (1.7561 U.229)
Nonope...tiI.g revenue (e>cpense):
Interest income 2,S69 2,S69
Interest and fiscal charges U,238I (36) (1,274)
Other revenue 3..m6 3.llO6
Total nonoperating revenue (e>cpense) 4.337 (36) 4.301
Income (loss) before operating transfers 4,864 (1,792) 3,lJ72
Operating transfers in (out) l2.O171 762 U.2SSl
Net income (toes) 2,847 (l,()3()) 1,817
Retained earnings (accumulated deficit), July 1, 1990 32871 (l5.ll48) 17.823
Retained earnings (accumulated deficit), June 30, 1991 35.718 <I6D78) 19.640
Contribued capital, July 1, 1990 71,467 S84 72,051
Additions to contribued capital 5.576 5.576
Conbibuted capital, June 30, 1991 77.ll43 S84 77.6Z7
Fund equity (accumulated deficit) June 30, 1991 $ 112761 U5.494) 97.267
See accompanying notes to general purpose financia1staten.e..,ls.
12
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lHIS PAGE LEFT INTENTIONALLY BLANK
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Exhibit 5
CITY OF SAN BERNARDINO, CALIFORNIA
Combined Statement of Cash Flows-
All Propriela1y Fund Types
Year ended J=e 30,1991
Cash provided by (used in) operating activities:
Operating ina>me (loss) $
Adjustments to reamdIe operating income Ooss) to
net cash provided by operating activities:
Depredation
(Increase) deaease in acx:ounts receivable
(Increase) deaease in amounts due from other
funds
Inaease in amounts due from other governments
Inaease in inventories
Inaease in prepeid items
(Increase) deaease in other assets
Inaease (deaease) in accounts payable
Inaease in accrued IiahmHoc
Inaease (deaease) in amounts due to other
governmental ageadel
Decrease in IIIDOUIlts due to other funds
Inaease in deposit liabilities
Inaease in judgments lUld claims payable
Inaease (deaease) in a>mpensated absences
liability
Net cash provided by operating
activities
Cash provided by (used in) _capita1 financing activities:
Reduction of overdrafts of cash and investment pool
Other nonoperating cash received
Operating tnmsfers in (out)
Net cash provided by (used in) noncapital
financing activities
Cash provided by (used in) capita1 financing activities:
Acquisitions of fixed assets
Proceeds from sale of fixed assets
Principal payments on notes payable
Principal payments on lease revenue bonds
Principal payments on capilallease obligations
Interest paid on Iong-tenn debt
Proceeds from issuance of notes payable
Proceeds from issuance of a!rtificates of participations
Capita1 amtributiollS
Net cash used in capita1 financing activities
14
EnterDrise
lntema1
Sarice
S27
3,666
(2,426)
528
(1,264)
(38)
(19)
(246)
3,140
259
(313)
(988)
236
38
(1,756)
366
(23)
(144)
(9)
(170)
19
2,600
3.100
883
3,122
l2Dl7l
(1,182)
762
1.105
(24,955)
15
(86)
(445)
(292)
(1,232)
3,9Tl
11,464
5.576
(420)
(209)
(13)
(36)
(6.ll28)
/258)
Total
~l'Ir.Ilftdam
cmlv)
(1,229)
4,032
(2,449)
528
(1,408)
(38)
(28)
(246)
2,970
278
(313)
(988)
236
2,600
38
3.983
(1,182)
3,122
(1..255)
685
(25,164)
15
(86)
(445)
(3OS)
(1,268)
3,9Tl
11,464
5.576
(6.286)
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Exhibit 5-2
an OF SAN BERNARDINO, CALIFORNIA
Combined Statements of Cash Flows-
All Proprietary Fund Types, Continued
JlntennUe
Cash provided by (used in) investing ...Ii.m...:
Payments received 0Jl_ receivabJe
t.......,.. of DOle rec:einble
,-.-... of advuw:e to other funds
~l....d..d
$
90
(82)
(168)
??I.I'I
Net ClISh pmvided by illW8llng activities
21m
Net inaeoIse ill ClISh and cash equivaIenIs
'Zl7
15
1ntema1
Service
205
Tot8l
(memoranclum
cmlv)
90
(82)
068)
??1.l1
2100
482
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CITY OF SAN BERNARDINO, CALIFORNIA
Notes to General Purpose Financial Statements
June 30,1991
(In thousands)
m SummaIY of S~ficant Acrountil\~ Policies
The Oty of San Bernardino, California was incorporated on Apri113, 1854 as a Charter Oty.
The Oty operates under a Mayor/Council form of government and provides the following
services: Public Safety (Police and FIl'e), Highways and Streets, Sanitation, Health and
Social Services, Culture-Recreation, Public Improvements, Community Development (Planning,
Building, Zoning), Public Utilities (Water, Sewage) and General Administrative Services.
The following is a summary of the accounting policies of the Oty.
DescrIption of the RI:portin~ Entity
The general purpose financial statements of the Oty include the financial activities of the
Oty, Municipal Water Department, Redevelopment Agency Joint Powers Fmancing Authority
and Ovic Center Authority of the Oty of San Bernardino, CalIfornia and the Oty-sponsored
portion of the San Bernardino Public Safety Authority and West End Water Development
Treatment and Conservation Joint Powers Authority (WEJP A). The financial operations of
these entities are closely related, and the Mayor and Common Council have a continuing
oversight responsibility for the administration of these entities. Such oversight responsibility
is determined on the basis of budget adoption, taxing authority, funding and appointment of the
governing board.
There are other governmental agencies providing services within the Oty. These other
governmental agencies have independently elected governing boards. Consequently, financial
information for these agencies is not included in the accompanying financial statements.
Not included in these financial statements are mortgage revenue bonds of the Redevelopment
Agency and Assessment District improvement bonds as well as industrial development revenue
bonds issued using the Oty's name, as described in notes 11 and 12.
Fund Antnllnti'l{
The acrounts of the City are organized on the basis of funds and acrount groups, each of which is
considered a separate acrounting entity. The operations of each fund are accounted for with a
separate set of self-baiancing accounts that comprise each fund's assets, liabilities, fund equity,
revenues and expenditures, or expenses, as appropriate. Government resources are allocated to
and accounted for in individual funds based upon the purposes for which they are to be spent
and the means by which spending activities are controlled. The various funds are grouped, in
the financial statements in this report, into seven generic funds organized in three broad fund
categories as follows:
. Governmental Fund 1j(pes
General Fund - The General Fund is the general operating fund of the Oty. It is
used to account for all financial resources except those required to be accounted for in
another fund.
16
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OTY OF SAN BERNARDINO, CAUFORNIA
Notes to General Purpose Flnandal Statements, Continued
(In thousands)
liP'"-' Reven~ Funds - SpeN' Revenue Funds are used to acmunt for the proceeds
of specific revenue resources that are 1egally restricted to expenditures for specified
purposes.
Debt Service Funds - Debt Service Funds are used to acmunt for the aoounulation of
resources for, and the payment of, generallong-tenn obligation principal, interest
and related costs.
C4pltal Plo~ts Funds - Capital Ptojects Funds are used to acanmtfor flnandaI
resources to be used for the acquisition or oonstruction of major capital fadIities
(other than those fi11llllCed by Proprietary Fund Types).
· l'n)~ Fund 'lj(pes
Entelprise Funds - Enterprise Funds are used to account for operations that are
financed and operated in a manner similar to private business ern...f>'ises where the
intent Is that the CXISIlI (expenses, including depreciation) of providing goods or
services to the general public on a amtinuing basis be financed 01' recovered
primarily through user charges or where periodic detennination of revenues
earned, expenses incurred and/or net income is apptoprlate for capitallll8intenance,
public policy, management oontrol, accountability or other purpoIll!S.
Internal Service PllndS - Internal Service Funds are used to account for the financing
of goods or services provided by one department or agency to other departments or
agencies of the Oty, or to other go'..:uudents, on a cost-reimbunement basis.
. Jlidtl,.;,,~ Fund 'Jj(pe - Afpw:y Funds are used to account for assets held by the Oty as an
agent for individuals, private orpnizations, other governments and/or other funds.
Agency Funds are custodial in nature (assets and liabilities) and do not involve
measurement of results of operations.
Fixed A_ and lnnr-Term Liabilities
The accounting and reporting treatment applied to the fixed assets and Iong-tenn liabilities
associated with a fund is detenniJ1ed by its measurement focus. Governmental Fund Types are
accounted for on a spending or "finandaJ flow'" measurement focus. This means that only current
assets and current liabilities are generally inclQded on their baJance sheela.. Reported fund
balances (net current assets of such governmental funds) are oonsidered a measure of "available
spendable resources." Governmental Fund Types operating statements present increues
(revenues and other financing sources) and decreases (expenditures and other financing uses) in
net current alIlIels.
Fixed assets used in GovemmentaI Fund Type operations (general fixed assets) are acmunted for
in the General Fixed AJIIets Account Group, rather than in Governmental Fund Types. Public
domain (Infrastructure) general fixed _ts consisting of certain improvements other than
bulldings, but including roads, bridges, curbs and gutters, streets and sidewalks, drainage
systems and lighting systems, are not capitalized as general fixed assets. No depredation has
been provided on general fixed assets.
17
o
o
CITY OF SAN BERNARDINO, CAUFORNIA
Notes to General Purpose Fmandal Statements, Continued
an thousands)
The Oty has not maintained an adequate reoord of its general fixed assets. Consequently, the
fixed assets presented in the General Fixed Assets Acalunt Group represent only the recorded
capital assets of the Redevelopment Agency whose fixed assets are valued at historical cost, or
estimated historical cost, if actual historical cost is not available. Donated fixed assets are
valued at their estimated fair value on the date donated.
The two account groups are not "funds" as they are mncerned only with the measurement of
financial position. They are not involved with measurement of results of operations.
Because of their spending measurement focus, expenditure recognition for Governmental Fund
Types is Hmited to exclude amounts represented by noncurrent liabilities. Since they do not
affect net current assets, such long-term amounts are not recognized as Governmental Fund Type
liabilities. They are instead reported as liabilities in the General Long-Term Debt Account
Group.
Long-term liabilities expected to be financed from Governmental Fund Types are accounted for
in the Genera1 Long-Term Debt Acalunt Group.
Promiela1y Fund's Fixed A.._
All Proprietary Funds are accounted for on a mst of service or "capital maintenance"
measurement focus. This means that all assets and all liabilities (whether current or
noncurrent) associated with their activity are included on their balance sheets. Proprietary
Fund Type operating statements present increases (revenues) and decreases (expenses) in net
total assets.
Depreciation of all exhaustible fixed assets used by Proprietary Funds is charged as an expense
against their operations. Accumulated depredation is reported on Proprietary Fund balance
sheets. Depredation has been provided over the estimated useful lives using the straight-line
method. The estimated useful lives vary from 5 to 50 years.
Ra~s of Arrnnntin;
Basis of accounting refers to when revenues and expenditures or expenses are recognized in the
accounts and repot ted in the financial statements. Basis of accounting relates to the timing of
the measurements made, regardless of the measurement focus applied.
All Governmental Fund Types are accounted for using the modified-accrua1 basis of accounting.
Revenues of Governmental Fund Types are recognized when they bemme measurable and
available as net current assets. Taxpayer-aDsessed inmme, gross receipts and sales taxes are
considered -measurable" when in the hands of intermediary mllection governments and are
recognized as revenue at that time. Anticipated refunds of such taxes are reoorded as liabilities
and reductions of revenue when they are measurable and their validity seems certain.
Expenditures are genera1ly recognized under the modified-accrua1 basis of accounting when the
related fund liability is incurred. An exception to this general rule is principal and interest on
general long-term debt which is recognized when due.
18
o
o
CITY OF SAN BERNARDINO, CALIFORNIA
Notes to Gener.d Purpose Financial Statements, Continued
(In thousands)
All Proprietary Fund Types are accounted for using the aa:rual basis of accounting. Proprietary
Fund Type _ues are rec:ognlzed 85 they are euned. and related expenses are rec:ognlzed 85
they are incurred. Unbll1ed utiHty service receivables are not recorded at year-end.
~-Tenn ~vables
Noncurrent portions of long-term receivables due to Governmental Fund Types are reported in
their respective balance sheets despite their spending measurement focus. Special reporting
treatments are used to indicate. however. that they should not be considered available
spendable l'l!lI011lteS. since they do not I epl eaent net current assets. Recognition of Governmental
Fund Type revenues represented by noncurrent receivables Is deferred until they beconle current
receivables. Noncurrent portions of long-term loans receivable are offset by fund balance
reserve accounts.
Budl!etalyCnntml and A........ntl'1f
The Oty utilizes the following general procedures in establishing its annual budgets. as
reflected in the financial statements:
· The Annual Budget adopted by the Oty Council provides for the Oty's general
operations. Such annual budget includes propo8ed expenditures and estimated revenues
for all Government Fund Types. except for the following:
The Emel,&ellcy. Federal and State Programs. the Pro Baseball and the
Redevelopment Agency (RDA) Special Revenue Funds
Debt Service Funds
The Indian Bingo Settlement. Certificates of Participation. Spedal Assessments
and the RDA Capital Projects Funds.
Formal budgetary control Is not employed for these funds because effective budgetary
control Is achieved alternatively through the provisions of the bond indentures and by
other speda1 agreements.
· The Oty Administrator Is authorized to make the necessary changes to the budget to
ensure adequate and proper standards of services. ActuaJ expenditures may not exceed
budgeted appropriations at the department level for the General Fund and at the fund
level for all other budgeted funds. The budget figures used in the financlal statements are
final adjusted amounts. which amounts do not vary significantly from the original
adopted budget.
· The budget Is formally integrated into the accounting system and employed as a managed
control device during the year for all funds.
· Budgets for the budgeted Governmental Fund Types are adopted on a basis consistent with
generally accepted accounting principles.
. At fiscal year-end. operating budget appropriations lapse; however. incomplete capital
improvement equipment and contractual appropriations can be carried over to the
following fiscal year.
19
o
o
CITY OF SAN BERNARDINO, CAUFORNIA
NOleS to Genenl Purpose Financial Statements, Continued
(In thousands)
A remncillalion of funds included and excluded from the Combined Statement of Revenue,
Expenditures and Changes In Fund Balances - Budget and Actual (ExhIbit 3) to the Combined
Statement of Revenue, Expenditures and Changes In Fund Balances - AIl Governmental Fund
Types (Exhibit 2) is as follows:
SDlM!l.1 'RenmIe Pands
.....
--
.. ~of
--. ...
.......- T....
- cIlDp . "'-.lap..
Ia_ - -- ~
AdaaI "'1- Seiaate Ea_~_.., ..... I'rDaImI ........
ToIaI......... S 12.816 223 480 3,a7 1.228
TotaltKF If .lltntoea l1A'Y 263 III '!l'lln MI6
_ CdoIIcloacy) Gl.........
......""1""'11- 1,182 (CO) 400 Sf 532
00...-........ (_) 3.660& 7 4.0&8
_ CdoIIcloacy) Gl.........
ad othB' IOUI'4* onr
""1""'11____ U46 (40) 400 61 4.!80
FuDd __1ooaunuIa1od deIIcIO.
)u1yl.l!1l1O 15.192 .18 n8&l ClOl 12.l172
FuDd __1ooaunuIa1od deIIcIO.
J.....3O, 1!l9t S 20.038 3'1lI 216 31 1&.~
Seed.. RenIrH hnds
.....
--
-- .11101
--
.., ullIlbI..
... cIlDp
Ia_
...--
a.Ic - -- ....... -
......... e..- M_ -........ -..
ToIaI_ S 528 117 1,'!/17 5,Q6
ToIaIlICJ"IldI_ 60 6 7.146
_1doIidoncy) Gl..........
-""1""'11- 528 57 t,37t 0,720)
00...-........ (_) I4'I'1l (471) 557
_ (cIeficIoacy) 01.........
ad. otNreaun:a OR!'
1ICJ"IldI---- 51 57 9llO 0.1631
FuDd __1ooaunuIaIod deIIcIO.
Julyl.1!1l1O 62 12l N 2.'7"1.2
FuDd __1ooaunuIa1od deIIcIO.
J.....30.1!l9t S 113 55 !IN 1.lD9
20
o
o
CITY OF SAN BERNARDINO, CAUFORNIA
Notes to Genera1 Purpose FinandaI Statements, Continued
(In thousands)
CaaItaI Pmleds Fa....
-
~
--
. . o.of
.......
......-
-,,-
la-
..... IIlIIIIII
N_
~. -
T_
........-lIlr -.&
r...," .., A-=r
P....tL.1....IL . ..-a.. y____o.
T__ S 20,660
T_ o .......... 16.'749
....tJ11ft":f1lleY)oi~
-...,...u- 3,911
0tMr-'_1_1 fS.:!IJ'1)
~c.wa"" 1"lcrl_
............... OVW
0ICpIIldI""--- 0.3116>
- _1Ia:wnuIotod cIeIIcIO.
July 1. I!IIIO '1D.62O
Pad........ ~_....-. 4h6dO.
/uM3O, 19111 S ",77"(
185 I2,S/8
41'7 7.916
(232) t662
- 17.1JM)
175 Q.31I:/)
""' SSP"
m3l gfJB1
2
61
56
C2l
11
C2l
II
121
3
126
14
At June 30, 1991, the following Individual funds' expenditures exceeded aPfdoprlations:
Budget Expmditures Variance
ParIdng and BusineIls Improvement
Special Revenue Fund $ 50 52 (2)
Downtown Parking District Special
Revenue Fund 336 561 (225)
Loc:al Transportation Special
Revenue Fund 21 (21)
Animal Control Spedal Revenue
Fund 188 689 (501)
Professional Baseball Team Special
Revenue Fund 41 (41)
Community Development Spedal
Revenue Fund l,oss 2,154 (l,()99)
Special Ass '\lE:llts Capital Project
Fund 7f17 (707)
Cultural Development Construction
Fee Capital Project Fund 142 (142)
Street Ughting/Sweeping Capital
Project Fund 2,ll26 3)117 (1,051)
The above overages were funded by increased revenues received over the budgeted amount.
21
~
.......
. . -of
-
..........
-"'-
la-
w--
....... ...
--.1
7.&lO
. '.SIt
l528l
1.:nD
102
11"-
1~'W'I
o
o
an OF SAN BERNARDINO, CAUFORNIA
Notes to General Purpose F'mandal Statements, Continued
(In thousands)
En<mnbran<Es
Encumbrance accounting, under which purchase orders, amtracts and other commibnents for the
expenditure of monies are recorded in order to reserve that portion of the applicable
appropriation, is employed as an extension of fonnal budgetary integration in the
Governmental Fund Types. Encumbrances outstanding at year-end are reported as reservations
of fund balances since they do not constitute expenditures or liabilities.
Investments
Investments are stated at cost, except for investments of the deferred compensation plan which
are stated at market value.
Inventol)'
Inventory is valued on the average-cost method, which approximates the first-in, first-out
method. Inventories consist of expendable supplies held for consumption. The cost of an item is
recorded as an expenditure at the time such individual inventory item is used.
Total Columns on General Pu~ Statements - Overview
Total columns on the general purpose statements are captioned umemorandum only'" to Indicate
that they are presented only to fadlitate financial analysis. Data in these columns do not
present financial position, results of operations or changes in financial position in conformity
with generally accepted accounting principles.
(2) C"a"" and Investments
Cash and investments at June 30, 1991 consisted of the following:
City, sewer and water operations, cash and investments:
Petty cash, demands and savings deposits, net of cash overdrafts
Certificates of deposit
Pooled Investments
Cash and investments with fiscal agent
Public Safety Authority - pooled investments
$ 1,580
4,161
19,833
7,168
32,742
7
1,301
1,308
5,285
Civic Center Authority:
Certificates of deposit
Pooled investments
22
o
o
CITY OF SAN BERNARDINO, CAUFORNIA
Notes to General Purpose Finanda1 Statements, Continued
(In thousands)
RDA:
Petty cash, demand and savings deposits
Certificates of deposit
Restricted cash and investments with fiscal agent
Pooled investments
Less: Mortgage revenue bonds cash and investments pooled with
Redevelopment Agerw:y
$ 319
1,359
26,014
52,an
(3,180)
76,593
10,384
Cash and investments - deferred compensation plan
Total cash and investments
$ 126,312
The Oty follows the practice of pooling cash and Investments of all funds except for funds
required to be held by outside fiscal agents under the provisions of bond indentures and funds in
Its deferred oompensation plan (see note 3). The Ovic Center Authority, Public Safety
Authority and RDA maintain separate cash and Investment pools.
Interest inoome earned on pooled cash and investments is allocated monthly to the various funds
based on the month-end cash balances. Interest inoome from cash and investments with fiscal
agents and in the defeued compensation plan is credited directly to the related fund.
Pooled Cash and Certificates of ~slt
All pooled cash and certificates of deposit are entirely insured or collateralized. The
California Government Code requires California banks and savings and loan associations to
secure a city's deposits by pledging government securities as collateral. The market value of
pledged securities must equal at least 110% of a city's deposits. Such collateral is not held in
the name of the city or agent. California law also allows finanda1lnstitutions to secure city
deposits by pledging first trust deed mortgage notes having a value of 150% of a city's total
deposits.
As of June 30, 1991, the balance of pooled cash and certificates of deposit insured or
collateraiized is as follows:
Oty, sewer and water:
Cash in bank, including demand
and savings deposits $
Certificates of deposit
Book
balance
Bank balance
Collater-
Insured aUzed
1,580
4,161
5,741
300
3,961
4,261
2,573
200
2,773
Ovic Center Authority - certificates
of deposit
7
7
23
o
o
CITY OF SAN BERNARDINO, CALIFORNIA
Notes \0 General Purpose Financial Statements, Continued
(In thousands)
Book
balance
Bank balance
Collater-
Insured allzed
RDA:
Cash in bank, including demand
and savings deposits $
Certificates of deposit
319
1,359
1,678
103
285
388
225
1,074
1,299
4,072
$
7,426
4,656
Authorized Investments
Under the provisions of the Oty's investment policy, and in accordance with the CalIfornia
Government Code, the Oty may invest in the following types of investments:
SecurIties of the U.S. Government or its agencies
Negotiable certificates of deposit
Bankers' acceptances
Commercial paper
Repurchase agreement
Local Agency Investment Fund (state pool) deposits a special fund of the California State
Treasury through which local governments may pool investments
At June 30, 1991, the City had no investments in repurchase agreements. However, the Oty
utilized overnight repurchase agreements during the year ended June 30, 1991 for temporary
investment of Oty funds.
Market Value of Certain Securities
It is the Oty's intent \0 hold all GNMA, fNMA and FHLMC securities \0 maturity in order
that no losses will be incurred.
Credit Ri~1c Cartyi~ Amount and Market Value of Investments
Investments held by the Oty are summarized below. Investments that are represented by
specific identifiable investment securities are classified as to credit risk by three categories as
follows:
. Category 1 - Includes investments that are Insured or registered or for which the
securities are held by the Oty or its agent in the Oty's name
. Category 2 - Includes uninsured and unregistered investments for which the securities are
held by the oounterparty's trust department or agent in the Oty's name
. Category 3 - Includes uninsured and unregistered investments for which securities are
held by the oounterparty or by its trust department or agent but not in the Oty's name.
24
o
o
CITY OF SAN BERNARDINO, CAUFORNIA
Notes to General Purpose FInancIal Statements, Continued
(In thousands)
2S
o
o
CITY OF SAN BERNARDINO, CALIFORNIA
Notes to General Purpose Financial Statements, Continued
an thousands)
ra~h and Investments with Fi~al AVnt
The City and its component units have monies held by trustees or fiscal agents pledged to the
payment or security of certain bonds, certificates of participation and lease obligations. The
Ca1ifornia Government Code provides these monies, in the absence of specific statutory
provisions governing the issuance of bonds, certificates or leases, may be invested in accordance
with the ordinance, resolutions or indentures specifying the types of investments its trustees or
fiscal agents may make. These ordinances, resolutions and indentures are generally more
restrictive than the Oty's general investment policy.
(",,~h and Investments - Deferred Compensation Plan
The Oty offers its employees a deferred compensation plan created in accordance with Internal
Revenue Code Section 457. The market value of the plan assets at June 30, 1991 is $9,977. See
nole 3 for additional information about this plan.
(3) Deferred Compensation Plan
The City offers its employees a deferred compensation plan created in accordance with IntemaI
Revenue Code Section 457. The plan, available to all Oty employees, permits them to defer a
portion of their salary until future years. The deferred compensation is not available to
employees until termination, retirement, death or unforeseeable emergency.
All amounts of compensation deferred under the plan, all property and rights purchased with
those amounts, and all income attributable to those amounts, property or rights are (until paid
or made available to the employee or other beneficiary) solely the property and rights of the
Oty (without being restricted to the provisions of benefits under the plan), subject only to the
claims of the Oty's general creditors. Participants' rights under the plan are equal to those of
general creditors of the City in an amount equa1to the fair market value of the deferred account
for each participant.
It is the opinion of the City's Administration that the Oty has no liability for 10sses under the
plan but does have the duty of due care that would be required of an ordinary prudent investor.
The Oty believes that it is unlikely that it will use the assets to satisfy the c1aims of general
creditors in the future.
The following is a summary of the approximale increases and decreases of the fund for the year
ended June 30, 1991:
Fund assets (at market value), July 1, 1990
$
9,lJ94
Deferrals of compensation
Earnings and adjustments to market value
Payments to eligible participants and beneficiaries
857
470
(37)
Fund assets (at market value), June 30, 1991
$ 10,384
26
o
o
CITY OF SAN BERNARDINO, CALIFORNIA
Notes \0 General Purpose FinancIal Statements, Continued
an thousands)
(4) Loll('- Tenn Debt
The following Is a summary of changes In long-term debt at June 30, 1991:
Balmee, Balance,
July 1, Addl- Retire- JUdO,
1990 flODB menIII 1991
Genera1iong-term debt:
ReA tax allocation bonds:
Tri-Clty Project. 1990 Issue, Series B $ 7,810 120 7,690
Uptown Project. 1990 Issue, Series C 1,900 30 1,870
State College Project, 1989lssue, Series A 15,890 440 15,450
State College Project, 1990 Issue, Series D 6,975 165 6,810
Centra1 Oty Project. 1985 issue 20,555 135 20,420
Central Oty North Project. 1988 issue 6,450 225 6,225
Central Oty North Project. 1988 Issue 3,380 60 3,320
Southeast Project, 1981 issue, Series A 4,875 131 4,744
Southeast Project, 1985 Issue 1,920 20 1.900
Southeast Project, 1988 Issue 12,(l25 110 11,915
Southeast Project, 1988 Issue 1,695 30 1,665
South Valle Project, 1990 Issue, Series H 3,735 60 3,675
Southeast Project. 1990 Issue, Series F 5,700 100 5,600
Northwest Project, 1990 Issue, Series E 3,245 55 3,190
Total ReA tax allocation bonds 96,155 1,681 94,474
Leese revenue bonds:
San BernardIno Ovic Center Refunding
Bonds, 197.2 Issue 3,640 370 3,270
Central Oty Parking DIstrict Project,
19i'7lssue 1,535 75 1,460
Central Oty Project, Public Facility
Lease, 1989 Issue, Series A 10,215 180 10,ll35
Total lease revenue bonds 15,390 625 14,765
27
.
o
o
an OF SAN BERNARDINO, CAUFORNIA
Notes to General Purpose Financial Statements, Continued
(In thousands)
Balance, Balance,
July 1, Add!- Retire- June 30,
1990 lions menls 1991
Certificates of participation:
South VaIle Project $ 3,ll95 65 3,030
Park Centre fire Station Project 2,365 280 2,(l85
Total certificates of participation 5,460 345 5,115
Assessment District bonds payable 1,182 1,182
Notes payable 2,919 426 2,493
Advances from other funds 623 415 208
Energy conservation assistance loan 64 64
Contracts payable 743 200 543
Capital lease obligations payable (note 7) 1,649 1,253 388 2,514
Compensated absences liabilities (note 6) 8,620 1,596 10,216
15,800 2,849 1,493 17,156
Total general long-term debt 132,805 2,849 4,144 131,510
Proprietary Funds long-term debt:
Leese revenue bonds:
Sewer Revenue Refunding Bonds 2,160 130 2,030
Public Safety Authority Sewer Refunding 3,625 315 3,310
Total lease revenue bonds 5,785 445 5,340
Certificates of participation - Water Fund 11,464 11,464
Advances from other governments-
geothermal system note 2,476 2,476
Notes payable:
Water - various 440 85 355
Sewer - Santa Ana Watershed Project
Authority (SAWPA) note 3,927 3,927
Total notes payable 440 3,927 85 4,282
28
o
o
CITY OF SAN BERNARDINO, CAUFORNIA
Notes to General Purpose Financial Statements, Continued
(In thousands)
Balance, Balance,
July 1, Addi- Retire- JUDe 30,
1990 lions -- 1991
Capital lease obligations payable (note 7):
Enterprise Funds:
Water $ 43 474 65 452
Refuse 2,315 687 930 2,()72
Total capital lease payable 2,358 1,161 995 2,524
Judgments and claims payable (note 5) 10,102 2.601 12,703
Compensated absences liabl1ities (note 6) 1,161 37 1,198
Total Proprietary Funds long-term 22,322 19,190 1,525 39,987
debt
Total Genera1 and Proprietary
long-term debt $ 155,127 22,l)39 5.669 171,497
General Lon,-Term Debt
Following is a description of the terms of the Oty's general long-term debt.
Redevelo,pment Tax Allocation Bonds Payable
a. State College PrQject
515.890 of tax allocation refundin2 bonds. issue of 1989, Series A, oonsisting of
$7,625 of serial bonds with varying interest rates from 6.llO% to 6.90% and
$8,265 of term bonds, bearing interest at 7.20%. Interest is payable
semiannually on March 1 and Septe4.ber 1. Serial bonds mature annually
on Seprember 1 through Seph:o&.ber 1, 2001. Term bonds are due
September 1, 20lJl and shall be mIIed and redeemed before maturity from
money deposited into the Term Bond Sinking Fund on SepIe4.ber 1, 2002 to
September 1, 2OlJl, without premium.
29
;;.,"~ ~
o
o
CITY OF SAN BERNARDINO, CAUFORNIA
Notes to General Purpose Financial Statements, Continued
(In thousands)
Amount
outstandlng
at June 30,
1991
Bonds maturing on or after September 1, 2000 are subject to optional
redemption prior to maturity beginning September 1, 1999 and continuing on
each interest payment date thereafter. Bonds called at option of the
AgenI.:y shall be redeemed at par plus a premium of 1% for each year
remaining from September 1, 1999 to March 1, 2000. There will be no
premium for bonds redeemed from September 1, 2001 to maturity. The bonds
are secured by a pledge of property tax apportionments from the State
College Project Area $ 15,450
56.975 of tax allnt'ation bonds. issue of 1990, Series D, consisting of $3,915 of serial
bonds with varying interest rates from 5.80% to 7.20% and $3,ll6O of term
bonds, bearing interest at 7.375%. Interest is payable semiannually on
March 1 and September 1. Serial bonds mature annually on September 1
through September 1, 2004. Term bonds are due September 1, 2010 and shall
be called and redeemed before maturity from money deposited into the
Term Bond Sinking Fund on September 1, 200) to Seph:...ber 1, 2010, without
premium.
Bonds maturing on or after September 1, 2001 are subject to optional
redemption prior to maturity beginning September 1, 2000 and continuing on
each Interest payment date thereafter. Bonds called at option of the
AgenI.:y shall be redeemed at par plus a premium of 1% for each year
remaining from s.:"lelllber 1, 2000 to March 1, 2002. There will be no
premium for bonds redeemed from Septenlber 1, 2002 to maturity. The bonds
are secured by a pledge of property tax apportionments from the State
College Project area, on a parity with the tax allocation refunding bonds,
issue of 1989, Series A 6,810
Bonds maturing on or after January 1, 1994 may also be ca1led and redeemed
before maturity at the option of the Agency, from available funds, on
January 1, 1993, or any interest payment'date thereafter. Such bonds will
be redeemed at par plus a premium of 1/2 of 1 % for each year from
January 1, 1993 to July 1, 1997. There is no premium for bonds redeemed from
January 1, 1998 to maturity. The bonds are secured by a pledge of property
tax apportionments from the State College Project Area, on a parity with
the tax allocation refunding bonds, Issue of 1981, SerIes A
30
o
o
CITY OF SAN BERNARDINO, CAUFORNIA
Notes to Genera1 Purpose FlnandaI Statements, Continued
an thousands)
Amount
OP""""dlllg
atJ1IIle 30.
1991
h Central at)' Project
521.000 of tax al1lV'Aflnn ~ bo.1ssue ofl985, consisting of $2,770 of
serial bonds with varying inlereatrates from 8.21m. to 9.250% and
$18,230.000 of term bonda. bearing interest at 9375'1>. Interest is payable
semiannually on May 1 and November 1. Serial bonds mature annually on
November 1 through November 1,2000. TerD'I bonds are due November 1,
2020 and shall be called and redeemed before maturity from money
deposited into the Term Bond SlnIdng Fund on November 1, 2001 to
November 1, 2020, without premium.
Bonds maturing on or after November 1, 1996 may also be called and
redeemed before maturity, at the option of the Agency, from available
funds, on November 1, 1995 or any interest payment date thereafter. Such
bonds will be ~ at par plus a premium of 1/2 of 1", for each year
from November 1, 1995 to May 1, 2000. There is no premium for bonds
redeemed from November 1, 2001 to maturity, The bonds are secured by a
pledge of properly tax apportionments from the Central aty Project Area $ 20,420
c Central al;y North Project
56.870 of tax alIocation refund~ bond.. issue of 1988, c;onsIsting of $6,870 of serial
bonds with varying interest rates from 4.75'1> to 73'1>. Interest is payable
semiannually on March 1 and Septeuiber 1. ~ bonds mature annually
on March 1 through March 1, 2007.
Bonds maturing on or after March 1, 1999 may be called and redeemed
before maturity at the option of the Agency, from available funds, on
March 1, 1998 or on any ~t payment date thereafter. Such bonds will
be redeemed at par plus a premium of 1/2 of 1'1> for each year from March 1,
1998 to Seple..,ber 1, 2002. There is no premium for bonds redeemed on
March 1, 2003 or thereafter. The bonds are secured by a pledge of property
tax apportionments from the Central City North Project area 6,225
S3.soo of tax al1lV'Afl~ hnnd.. issue of 1988, consisting of $960 of serial bonds with
varying interest rates from 5'1> to 7'1> and $2,540.000 of term bonds bearing
interest at 7.8'1>. Interest Is payable semiannually on March 1 and
September 1. Serial bonds mature annually on March 1 through March 1,
2000. Term bonds are due March 1, 2009 and shall be called and redeemed
before maturity from money deposited into the Term Bond SlnIdng Fund on
March 1, 2001 to March 1, 2009 without premium.
31
',i_
o
o
CITY OF SAN BER,NARDINO, CAUFORNIA
Notes to General Purpose Financial Statements, Continued
(In thousands)
Amount
outstanding
at June 30,
1991
Bonds maturing on or after March 1, 1999 may be called and redeemed
before maturity at the option of the Agency, from available funds, on
March 1, 1998 or on any Interest payment date thereafter. Such bonds will
be redeemed at par plus a premium of 1/2 of I'll, for each year from March 1,
1998 to Septeadler 1, 2002. There is no premium for bonds redeemed on
March 1, 20m or thereafter. The bonds are secured by a pledge of property
tax apportionments from the Central Oty North Project area. $ 3,320
d Northwest PrQiect
$3245 of tax aUnt"ation bonds,Jssue of 1990, Series E, consisting of $1,280 of serial
bonds with varying Interest rates from 5.9()')l, to 725% and $1,965,000 of
term bonds, bearing interest at 7.375%. Interest is payable semiannually on
July 1 and January 1. Serial bonds mature annually on January 1 through
January 1, 2005. Term bonds are due January 1,2015 and shall be called and
redeemed before maturity from money deposited Into the Term Bond
SInldng Fund on January 1, 2006 to January 1, 2015 without premium.
Bonds maturing on or after January 1, 2001 are subject to optional redemption
prior to maturity beginning January 1, 2000 and continuing on each Interest
payment date thereafter. Bonds called at option of the Agency shall be
redeemed at par plus a premium of 1 % for each year remaining from
January 1,2000 to July 1, 2001. There will be no premium for bonds redeemed
from January 1, 2002 to maturity. The bonds are secured by a pledge of
property tax apportionments from the Northwest Project area. 3,190
e. SouthPa..t PrQiect
$5.600 of Tax Allocation Refundina- Bonds. issue of 1981, Series A, consisting of
$1,775 of serial bonds with varying interest rates from 7.so% to 9.75% and
$3,825 of term bonds, bearing Interest at 10.00%. Interest is payable
semiannually on September 1 and March 1. Si!riaI bonds mature annually
on March 1 through March 1, 1996. Term bonds are due March 1, 2006 and
shall be called and redeemed before maturity from money deposited Into
the Term Bond SInldng Fund on March 1, 1997 to March 1, 2006 without
premium.
32
-"<":.'--
o
o
an OF SAN BERNARDINO, CAUFORNIA
Notes to General Purpose financial Statements, Continued
(In thousands)
AmIIlmt
01IlItancIlD&
at JUDe 30,
1991
Term bonds may IIIso be called and redeelued before maturity, at the option
of the Agerv:y, from available funds, on March 1, 1996 or any interest
payment date theIftfter. Bonds c:aJled at the option of the Agerv:y wl1I be
redeemed at par plus a premium of 1/2 of 1')(, for each yell' from March 1,
1996 to Sepblba 1,2lXXJ. There is no premium for bonds redeelued from
March 1, 2001 to maturity. The bonds are secured by a pledge of property
tax apportionments from the Southeast Industrial Park Project Area $ 4,744
$1.985 ofTax Allocation Refundlnr Bonds. issue of 1985, amslsting of $395 of
serial bonds with an interest rate of 8.25')(, and $1,590 of term bonds, bearing
interest at 8.3(J')l,. Interest is payable semiannually on March 1 and
Septedober 1. Serial bonds mature annually on March 1 through March 1,
2DOO. Term bondsdue on March 1, 2015 are subject to redemption from the
Term Bond Sinking Fund on March 1, 2001 and on each March 1 thereafter
without premium.
Bonds maturing on or after March 1, 1996 are subject to optional redemption
prior to maturity beginning March 1, 1995 and continuing on eadt interest
payment date theIftfter. Bonds called at option of the Agerq shall be
redeemed at par plus a premium of 1/2 of 1')(, for each yell' remaining from
March 1, 1995 to March 1, 1999. There wl1I be no premium for bonds
redeemed from March 1,2DOO to maturity. The bonds are secured by a
pledge of property tax apportionments from Southeast Industrial Park
Project Area, on a parity with the tax alloattion refunding bonds, Issue of
1981, SerIes A and issue of 1983 1,900
55.700 of tax allocation bonds. issue of 1990, SerIes F, consisting of $2,185 of serial
bonds with varying interest rates from 6.Ol)')l, to 7.3(J')l, and $3,515 of term
bonds, bearing interest at 7.375')(,. Interest is payable semiannually on
Sepre...ober 1 and March 1. Serial bonds mature annua11y on Man:h 1
through March 1, 2004. Term bonds are due March 1,2014 and sha11 be
called and redeemed before maturity from money deposited into the Term
Bond Sinking Fund on March 1,2005 to March 1, 2014 without premium.
33
',t{
o
o
CITY OF SAN BERNARDINO, CALIFORNIA
Notes to General Purpose Financial Statements, Continued
an thousands)
Amount
OU_dll1l
at JUDe 30,
1991
Bonds maturing on or after March 1,2001 are subject to optional redemption
prior to maturity beginning March 1, 2000 and continuing on each interest
payment date thereafter. Bonds called at option of the Agency shall be
redeemed at par plus a premium of 1 % for each year remalning from
March 1, 2000 to September 1, 2001. There will be no premium for bonds
redeemed from March 1, 2002 to maturity. The bonds are secured by a
pledge of property tax apportionments from Southeast Industrial Park
Project area, on a parity with the tax allocation refunding bonds, issue of
1981, Series A, and issue of 1988, and the tax allocation bonds, issue of 1985
and issue of1988 $ 5,600
512.215 of Tax Allocation Refundini Bonds. issue of 1988 consisting of $2.015 of
seria1 bonds with varying interest rates from 4.75% to 7.10% and $10,200 of
term bonds bearing interest at 7.40%. Interest is payable semiannually on
March 1 and September 1. Serial bonds mature annually on March 1
through March 1, 2002. Term bonds due on March 1, 2014 are subject to
redemption from the Term Bond Sinking Fund on March 1, 2003 and on
March 1 thereafter without premium.
Bonds maturing on or after March 1, 1999 are subject to optional redemption
prior to maturity beginning March 1, 1998 and continuing on each interest
payment date thereafter. Bonds called at option of the Agency shall be
redeemed at par plus a premium of 1/2 of 1 % for each year remalning from
March 1, 1998 to September 1,2002. There will be no premium for bonds
redeemed from March 1, 2003 to maturity. The bonds are secured by a
pledge of property tax apportionments from Southeast Industrial Park
Project area, on a parity with the tax allocation refunding bonds, issue of
1981, Series A and issue of 1988, and the tax allocation bonds, issue of 1985 11,915
51.750.000 of Tax Allocation Bonds. issue of 1988, consisting of $575,000 of seria1
bonds with varying Interest rates from 6.1 % to 7.125% and $1,175,000 of
term bonds bearing interest at 9.2%. Interest is payable semiannually on
March 1 and September 1. Serial bonds mature annually on March 1
through March 1, 2002. Term bonds are due March 1, 2014 and shall be
called and redeemed before maturity from money deposited into the Term
Bond Sinking Fund on March 1, 2003 to March 1, 2014 without premium.
34
o
o
CITY OF SAN BERNARDINO, CAUFORNIA
Notes to General Purpose Finandal Statements, Continued
an thousands)
Amou11t
outstaauUDg
atJane 30,
1991
All of the outstandlng bonds may be aaIled and redeemed before maturity at
the option of the Afpv:y, from available funds, on MaId\ 1, 1998 or on any
interest payment dale thereafter. Such bonds will be redeemed at par plus
a premium of 1/2 of 1')f, for each year from March 1, 1998 to Seple4~ 1,
2002. There is no premium for bonds redeemed on March 1, 21m or
thereafter. The bonds are secured by a pledge of properly tax
apportionments from the Southeast Industrial Park Project area, on a parity
with the tax allocation refunding bonds, issue of 1981, Series A, and issue f
1988, and the tax allocation bonds, issue of 1985. $ 1,665
f. South Valle P1'Qject
$3.735.000 of tax allnt'lOtion bonds. issue of 1990, Series A, consisting of $1,160,000
of serial bonds with varying Interest rates from 6.2O')f, to 7.3O')f, and
$2,575,000 of term bonds, bearing interest at 75')f,. Interest Is payable
semiannually on July 1 and January 1. Serial bonds mature annually on
January 1 through January 1, 21m. Term bonds are due January 1, 2015 and
shall be called and redeemed before maturity from money deposited into
the Term Bond SIn1dng Fund on January 1, 201M to January 1,2015 without
premium.
Bonds maturing on or after January 1, 2001 are subject to optional redemption
prior to maturity beginning January 1, 2000 and continulng on each interest
payment date thereafter. Bonds called at option of the Agent:y shall be
redeemed at par plus a premium of 1')f, for each year remaining from
January 1, 2000 to July 1, 2001. There will be no premium lor bonds redeemed
from January 1, 2002 to maturity. The bonds are secured by a pledge of
property tax apportionments from the South Valle Project area. 3,675
S7 .810 of tax allocation bonds. Issue of 1990, Series B consisting of $2,410 of serial
bonds with varying interest rates from 6.25')f, to 7.4O')f, and $1,695,000 of
term bonds, bearing interest at 7.6O')f" and $3,705 of term bonds, bearing
interest at 7 .65')f,. Interest Is payable semiannually on July 1 and January 1.
Serial bonds mature annually on January 1 through January 1, 2003. Term
bonds are due January 1, 2008 and January 1, 2015 and shall be called and
redeemed before maturity from money deposited into the Term Bond
Sinlcing Fund on January 1, 2004 to January 1, 2015 without premium.
35
.I
o
o
CITY OF SAN BERNARDINO, CAUFORNIA
Notes to Genera1 Purpose Financial Statements, Continued
(In thousands)
Amount
OlIhobndl",
atJune 30,
1991
Bonds maturing on or after January 1, 2001 are subject to optional redemption
prior to maturity beginning January 1, 2000 and continuing on each interest
payment date thereafter. Bonds called at option of the Agency shall be
redeemed at par plus a premium of 1 % for each year remaining from
January 1, 2000 to July 1, 2001. There will be no premium for bonds redeemed
from January 1,2002 to maturity. The bonds are secured by a pledge of
property tax apportionments from the Tri-Qty area, on a parity with the
tax allocation refunding bonds, issue of 1981, Series A, and issue of 1983. $ 7,690
~ Uptown Project Area
$1,900 of tax allocation bonds, issue of 1990, Series C, consisting of $595 of serial
bonds with varying interest rates from 6.20% to 7.30% and $415.000 of term
bonds, bearing interest at 7.4%, and $890 of term bonds, bearing interest at
7.50%. Interest is payable semiannually on July 1 and January 1. Serial
bonds mature annually on January 1, 1991 through January 1,2003. Term
bonds are due January 1, 2015 and shall be called and redeemed before
maturity from money deposited into the Term Bond Sinking Fund on
January 1, 2004 to January 1, 2015 without premium.
Bonds maturing on or after January 1, 2001 are subject to optional redemption
prior to maturity beginning January 1, 2000 and continuing on each interest
payment date thereafter. Bonds called at option of the Agency shall be
redeemed at par plus a premium of 1 % for each year remaining from
January 1, 2000 to July 1, 2001. There will be no premium for bonds redeemed
from January 1, 2002 to maturity. The bonds are secured by a pledge of
property tax apportionments from the Uptown Project area. 1,870
Total tax allocation bonds payable
$
94,474
36
o
o
CITY OF SAN BERNARDINO, CAUFORNIA
Notes to General Purpose Financial Statements, Continued
(In thousands)
"''''''IIIll
0\dItaIIdIDg
at JUDe 30,
1991
T JJAWA ~ue BondA
a. Citr of San Ilf!mardiIlO Civic Center Authoritr
56210.000 of San Bernardino Civic Center Authoritr bonds. with interest
payable 1lellliannua11y on August 15 and February 15. These bonds are
redeemable prior to their fixed maturity date at the option of the Agency,
as a whole or in part from any source of available funds on any interest
payment date on and after February 15 at a premium of 1-1/2%, declining
by maturities as follows: $ 3,270
,.....~....Illd
redemption yeUII
Percent Redemption
premiums yeUII
1-1/2% 1991
1-1/4 1992
1 1993
3/4 1994
1/2 1995
1996
1997
h Central Citr Parkin~ District Project
51.950 of ParJdni PlIl'iltties , ...- Revenue Bonds. Issue of 1977, consisting of $660
of serial bonds with interest rates varying from 55% to 6.0% Illd $1,290 of
term bonds due on October 1, 2OOl, bearing interest at 6.0%. Interest Is
payable semiannually on April 1 and October 1.
37
..
o
o
CITY OF SAN BERNARDINO, CAUFORNIA
Notes to General Purpose Finandal Statements, Continued
(In thousands>
~
outstanding
at June 30,
1991
The serial bonds mature annually on October 1 through October 1, 1992. The
term bonds shall be redeemed prior to maturity beginning October 1, 1993 to
October 1, 2002 from the Term Bond Sinking Fund. These bonds shall be
redeemed without premium. The serial and term bonds may be caI1ed
before maturity and redeemed at the option of the Agerv:y from other
available funds on October 1, 1987, or on any interest payment date
thereafter. These bonds will be redeemed at par plus a premium. Premiums
range from 2-1/2% to 1/2% of prindpal, declining 1/2% each year from
October 1, 1987 to April 1, 1992. No premium will be pald on bonds
redeemed from October 1, 1992 to maturity. The bonds are secured by a
pledge of revenues and other funds of the Project, Including 1ease revenue
payments received by the Agency as lessor, under a 1ease agreement with
the City of San Bernardino $ 1,460
Co Central City PrQject
$10.215 of Public Facilities T -... Revenue Bonds. issue of 1989, Series A,
consisting of $3,155 of serial bonds with interest rates varying from 6.ll% to
6.9%, maturing annually on September 1 through Septen:kber 1, 2001 and
$7,()60 of term bonds due SepteUlber 1 2013, bearing interest at 7.15%.
Interest is payable semiannually on March 1 and September 1. The term
bonds shall be redeemed prior to maturity beginning September 1, 2002 to
September 1, 2013 from the Term Bond Sinking Fund.
These bonds were issued to defease the Central City Project, 1982 issue,
Series A bonds and Central City North Project, 1983 issue, Series A bonds.
The Central Gty North Project assigned its right to capital lease payments
from the Gty for the Central Library project, the source of revenues for the
payment of the 1983 Bonds, to the Central Gty Project. In return, the
Central Gty Project assumed that portion of the 1989 Refunding Bonds used
to defease the 1983 Bonds.
These bonds shal1 be redeemed without premium. The serial and term
bonds may be called before maturity and redeemed at the option of the
Agency from other available funds on any interest payment date. These
bonds will be redeemed at par plus a premium. Premiums range from 2% to
1 % of principal, declining 1 % each year to March 2001. No premium will be
paid on bonds redeemed from September 1, 2001 to maturity. The bonds are
secured by a pledge of revenues and other funds of the Project, Including
lease revenue payments received by the Agency as lessor, under a lease
agreement with the Gty of San Bernardino. 10,035
Total lease revenue bonds
$
14,765
38
o
o
CITY OF SAN BERNARDINO, CALIFORNIA
Notes to Genera1 Purpose Finanda1 Statements, Continued
(In thousands)
Certificates of Partktpation
a. South Valle Pntject
S3 'M of NOrlificates of participation. consisting of $1.325 of serial certificates
with varying interest rates from 4.75% to 7.00% and $1,955 of term
certificates bearing interest at 7.20%. Interest is payable semiannua1ly on
October 1 and April 1. Serial certificates mature annua1ly on April 1
through April 1, 2002. Term certificates are due April 1, 2012.
The certificates are subject to mandatory redemption on any date prior to
maturity in whole or in part, at par plus lICCn1ed interest, without premium,
from a payment from the Oty on purchase price of the Project from proceeds
of insurance or condemnation If such proceeds are lnsuffident to repair or
replace the Project, and the Oty has elected to apply such proceeds to the
pwcllase price of the Project rather than pay the cost of repairing or
rep1adng the Project. The certificates are also subject to mandatory
redemtion prior to maturity on any date, at par plus accrued interest, upon a
default by the Oty under the lease agreement, from money on deposit in the
Certificate Fund,. and proceeds from the sale of the Project. The certificates
maturing on or after April 1, 1995 are subject to optiona1 redemption prior to
maturity, at the option of the Agerv:y, as a whole, on any interest payment
date on or after April 1, 1994 from amounts deposited with the Trustee by
the Oty in acamIance with the City's option to pwcllase the Project as a
whole or in part (but not less than $50), on any interest payment date on or
after April 1, 1994 from any available aoUIQ! of fund&. Certificates
redeemed on April 1, 1994 or later, sha1I be redeemed at the principal
amount thereof and the following redemption prices CAptClased as
percentages of the principal amount to be redeemed plus lICCn1ed interest to
the redemption date:
Redemption dates
Redemption premium
102-1/2%
102
101-1/2
101
100-1/2
100
April 1, 1994 and October 1, 1994
April 1, 1995 and October 1, 1995
April 1, 1996 and October 1, 1996
April 1, 1997 and October 1, 1997
April 1, 1998 and October 1, 1998
April 1, 1999 and thereafter
39
...
Amount
outItPdl"B
atJ_3O,
1991
'"
_..-~.~~
o
o
CITY OF SAN BERNARDINO, CALIFORNIA
Notes to General Purpose Financial Statements, Continued
an thousands)
AIllIIUl1t
OU-no;Ji11g
atJune 30,
1991
Each certificale represents a proportionale interest in payments to be made
by the Oty under the lease agreement with the Agency. The Agency,
pursuant to the trust agreement, will assign its rights to receive base rental
payments under the lease agreement to the Trustee for the benefit of the
holders of the certificates $ 3,030
h Park Centre Fire Station PnUect
$2.875 of certificstes of participation. The certificates were sold, executed and
delivered to finance the purchase of certain equipment, and the acquisition,
construction, improvement and equipping of Park Centre Fire Station on real
property within the Oty, which Project is leased to the City by the
Redevelopment Agency of the Oty of San Bernardino.
Interest on the certificates is payable on April 1 and October 1 of each year,
and the interest rates range from 4.75% to 5.75%. The certificates were
delivered as fully registered certificates in the denomination of $5 each or
any integral multiple thereof.
The certificates maturing on or after October 1, 1992 are subject to optional
redemption prior to maturity, at the option of the Oty, as a whole or in
part (but not less than $20,(00) on any interest payment dale on or after
October 1, 1991 from amounts deposited with the Trustee by the Oty for
that purpose in accordance with the Oty's option to purchase the Project.
Certificates so csUed for redemption will be redeemed at the principal
amount thereof and the following redemption prices expressed as
percentages of the principal amount to be redeemed plus accrued interest to
the redemption dale:
Period of redemption
(both dales Inclusive)
Redemption
prices
(expressed as
a percentage
of par)
October 1, 1991 and April 1, 1992
October 1, 1992 and April 1, 1993
October 1, 1993 and April 1, 1994
October 1, 1994 and thereafter
101%
100-1/2
100
100
40
o
o
an OF SAN BERNARDINO, CAUFORNIA
Notes 10 General Purpo8e Financial Statements, Continued
(In thousands)
AmoImt
w....."lng
at JUlIe 30,
1991
The certificalel are subject 10 mandatory redemption on any dale prior 10
maturity in whole or in part, at par plus accrued interest, without premium,
from a payment made by the Oty on the purchase price of the Project from
the proceeds of lnsurana! or condemnation If such proceeds are insufflc:Ient 10
repair or replace the Project, and the Oty has elected 10 apply such
ptooeeds 10 the payment of all or a portion of the purchase price for the
Project rather than pay the alSt of repairing or replacing the Project. The
certifk:alel are also subject 10 mandalory redemption prior 10 maturity on
any dale, at par plus accrued interest. upon a default by the Oty under the
lease "6'eenlelll, from moneys 011 deposit in the LeIIIe Payment Fund.
Should such a mandatory redemption 0ClCUl', it is posaIble that there may be
insufficient moneys available to the Trustee from the LeIIIe Payment Fund
to pay all outstanding c:ertificates in fulL In such.event, the outstanding
certificalel will be paid pro rata and, 10 the extent not equally alLvotble
among maturities, in inverse order of maturity. I!8dI c:ertificale .q>>eseats
a proportionale interest in lease payments 10 be made by the Oty under the
lease lI81eenlel\t with the Agerv:y. The Agency, pursuant 10 the trust
agt'I!l!DleIIt, win UlIign its rights 10 reeeiveleue payments under the lease
agreement 10 the Trustee for the benefit of the holders. The obUgation of
the Oty 10 make such rental payments is payable by the Oty from annual
appropriations of the Oty from funds lawfully available therefor during
the current fiscal year. Neither the full faith and credit nor the taxing
power of the Oty, the Agerv:y, the stale of California or any poUtIca1
subdivision thereof is pledged to make payments under the lease agreement $ 2,~5
Total certificates of participation
$
5,115
A_""""'t District No. 5861 Bonds Payable
$3l111111lOO of the A-- ......t District No. 5861 bonds pllYAble. issue of 1981, Series
1981-1, cxmsistingof alUpon bonds, in thedenomlnation of $5.000 each,
bearing mupon ralel ranging from 1().SM, 10 11.25')(,. InteleSt is payable
semiannually on January 2 and July 2. SerIal bonds mature annually on
July 2 through July 2, 2001. The bonds were issued 10 provide funds 10
acquire and amstruct the work and improvements authorized by the Oty in
the legal p"..Jeedings for Ml!U"'IeIlt District No. 5861, located in the Oty,
and 10 pay the authorized incidental expenses of the Assessment District
Project and improvement bond financing.
41
.
o
o
an OF SAN BERNARDINO, CAUFORNIA
Notes to General Purpose Financial Statements, Continued
(In thousands)
Amount
outstandlDg
atJ1I11e 30,
1991
The bonds are subject to redemption on any January 2 or July 2 in advance of
maturity at the option of the City Treasurer, upon giving 60 days prior
notice and upon payment of the principal and interest accrued thereon to
the date of redemption, plus a redemption premium of 5'1. of the principal
amount thereof $ 80
A.o"SSlDent District No. 985 Bonds PlIYable
$1.102 of the A!l_.....""~ m"trict No. 985 bonds pqyable.lssue of 1990, consisting
of coupon bonds from 6.10'l1. to 7.70'1.. Interest is payable semiannually on
March 2 and September 2. Serial Bonds mature annually on September 2,
1991 through Se,ylb.ober 2010. The bonds were Issued to provide funds,
acquire and construct the work and improvements authorized by the Oty in
the legal proceedings for Assessment District No. 985, located in the Oty
and to pay the authorized incidental expenses of the Assessment District
Project and improvement bond flnanclng.
The bonds are subject to redemption on any March 2 or Seph,..ober 2 in
advance of maturity at the option of the Oty Treasurer, upon giving 60
days prior notice and upon payment of the principal and interest accrued
thereon to the date of redemption, plus a redemption premium of 5'1. of the
principal amount thereof. 1,102
$ 1,182
Notes PlIyable
1. Central Oty Project - seven notes at various interest rates and due dates
described as follows:
a. Interest at 9'1., payable monthly through March 7, 1988; monthly
payments of $2lncludlng interest due from April 7, 1988 through
February 7, 1998; remaining principal and interest due in full on
March 7, 1998; secured by a letter of credit issued by First Interstate
Bank $ 84
b. Interest at 6'1., payable monthly through December 31, 1993; secured
by a letter of credit issued by First Interstate Bank
388
c. Interest at 7'1. and interest payable quarterly - principal due July 9,
1994
850
42
o
o
CITY OF SAN BERNARDINO, CAUFORNIA
Notes to Genera1 Purpose Financia1 Statements, Continued
(In thousands)
AIIIOlII1t
cwphndh,g
atJUDe 30,
1991
d. Interest at 7"; lIllIIlUmnual Interest pay of $30 due from April 7, 1990;
through April 7, 1992 remains due October 7, 1992 $ 82
e. Interest at 75"; principal and Interest payable within five years;
payable from tax inael1lent revenues
135
1,539
2. Central Oty North Project... four notes at 9" each, due Febnwy 1992;
secured by 1etter of O'edit; interest payable semiannually on August 1 and
February 1
708
3. Tri-city Project - a $375 face value note discounted at 8% for 10 years;
annual amortization of discount using the effective-interest method, due
December 1, 1997
246
Total notes payable
$
2,493
AcI""...- from Other Funds
Two advances have been made by the Genera1 Fund Public Safety Authority and
the Municipal Water Department to the following project areas of the San
Bernardino Redevelopment Agency:
1. Northwest Project - due to the Water Department in quarterly payments of
$9 including interest, commencing on November 1, 1986 and continuing
through August 1, 1991 $ 8
2. Southeast IndustriaI Park Project - a 7% note payable to the Public Safety
Authority for purchase of land sold to a developer; due April 1, 1993
200
Total advances from other funds
$
208
Contracts Payable
1. Tri-city Project - In June 1983, the Redevelopment Agens:y entered into a
contract with the San Bernardino Unified School District whereby the
Agens:y would reimburse the District for adverse financial impacts caused
by the construction of residential facilities within the Tri-city Project
area. The remaining outstanding ba1ance at June 30. 1991 amounted to $89
bearing interest at 8%. Principal and interest payments of $70 are due
annually on March 1 through March 1, 1992 with a finaI payment of
principal and interest of $28 due on March 1, 1993 $ 89
43
..
o
o
.4111CJU11t
outstandiJl&
atJUDe 30"
1991
2. State College Project - The Agency has an obligation to provide financial
assistance to a developer for the development of apartment buildings in the
State College Project area. The obligation is equivalent to all tax increment
revenues from the development for a seven-year period based on the
a~BI!SBed value of the property in March 1988 $ 298
3. Southeast Industrial Park - The Agency has an obligation to pay a
participating owner $92 per year for four years to offset extraordinary costs
required by the participating owner in developing property. The remaining
outstanding balance at June 30,1991 amounted to $156, bearing interest at
11.75%
CITY OF SAN BERNARDINO, CAUFORNIA
Notes to Genera1 Purpose FlnanciaI Statements, Continued
(In thousands)
Total contracts payable
44
156
$
543
o
o
CITY OF SAN BERNARDINO, CALIFORNIA
NOleS to General Purpose Financial Statements, Continued
an thousands)
Advance.
Notes &om other Contracts
payable funds payable Total
Year ending June 30:
1992 $ 948 121 235 12,863
1993 153 105 194 12,()24
1994 494 75 12,121
1995 899 76 12,540
1996 169 11,726
Thereafter 417 178,642
3,1)80 226 580 239,916
Less interest 587 18 37 121,136
Outstanding
principal
amount $ 2,493 2aI 543 118,780
The following is a description of the Oty's proprietary funds long term debt.
T l2AtIP Revenue Bonds
a. Public Safety Authority Sewer Refundilli Bonds
At June 30, 1991, $3,625 of 1973 refunding leue revenue bonds are outstanding. The
land for the _age treatment plant was leased by the Oty of San
Bernardino to the Public Safety Authority for one dollar. The authority
issued and sold revenue bonds - SerIes A and SerIes B - in a principal
amount of $7,700 for oonstruction of this project in 1970. The $5,790
refunding bonds, issue of 1973, were sold to refund the Authority's 1970
bonds. The series A and B bonds were called for redemption on August 1,
1980 in the principal amount of $5,800.
During the term agreement, the Authority has leued to the Oty of San
Bernardino this _age treatment plant for an annual rental of $536 subject
to certain adjustments where warranted by the agJeenlel\t. The rent due July
1 is paid in installments during the fiscal year.
45
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CITY OF SAN BERNARDINO, CALIFORNIA
Notes to Genera1 Purpose Financial Statements, Continued
(In thousands)
AaIOUlIt
outstanding
at JIIIle 30,
1991
Reso1ution 83-93 covenant, dated March 28, 1983, and Resolution 84-97,
dated March 2, 1984, require that sewer service charges will be levied,
whereby net revenue, after payment of necessary and reasonable
maintenance and operation costs, will be at least 1.25 times the interest due
on notes or bonds as they become due and payable, and payments required to
be made into the Reserve Fund for the bonds. Also, net revenue shalJ be
equaJ to one times any other amounts required for compliance with the
resolution and any other payment spedfialJly authorized or required by
the resolution.
Although the sewer service charges levied during the year were not
adequate to generate net revenue equaJ to 1.25 times the maximum bond
service costs, there were deposits with the fiscal agent exceeding the
maturing debt service costs at June 30, 1991 because of excess net revenue from
prior years. Investments with the San Bernardlno Public Safety Authority
exceeded amounts required to pay maturing debt service costs. These costs
are funded by an annual payment by the Sewer UtiUty which is
subordinate to payment of the sewer Revenue Refunding Bond service costs. $ 3,310
h ~ Revenue ~ndi", Bonds of 1986
$2,600 of Oty of San Bernardino Sewer Revenue Refunding Bonds Issue of 1986
were issued to retire the Bond Anticipation Notes of 1984 which matured in
1986. The Bonds bear interest at 6% for bonds maturing before March 1, 1994
and 6.2% for the remainder of the bonds. The final maturity of these bonds
is March 1, 2001. 2,030
Total lease revenue bonds
$
5,340
46
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CITY OF SAN BERNARDINO, CAUFORNIA
Noles to General Purpose FInancial Statements, Continued
(In thousands)
AmouDt
oatItD"~
at Jane 30,
1991
Certificates of Participation
In August 1990, the West End Water Development, Treatment and Conservation
Joint Powers Authority (WEJP A) issued $18,600 Certificates of Participation
(WEJPA COPs). The Oty's share of such WEJPA COPS Is $11,464. Interest on
the WEJPA COPS Is due on Apri11 and October 1 at rates ranging from 6.1 % to
7.D%. WEJPA COPs mature In varying amounts on October 1 beginning
October 1, 1991 through final maturity on October l,2000. $ 11,464
AdVana! from ~ (".n~ts - r......hPrmal Note
On August 15, 1983, the Department entered Into an 8.&1eenlellt with the State of
CaIlfornia Energy Resources Conservation and Development Commission for
funding of the Geothermal System, Contract Number 5IJO.83-O()4. The
funding was lnitia1ly In the form of a grant which Is to be negotiated as a
note after specified performance conditions are met. Until the performance
coaditions are met, the obligation amounts to $2,476 with no stated
repayment terms. The agreement does not provide for Interest. $ 2,476
Notes Pl\Yable
Sewer - Santa Ana Watershed Project Authority (SAWPA) loan Is to be repaid
over a 20 year period at 3.3% Interest with the first payment due one year
after completion of construction on the demonstration project $ 3,927
$374 note to East Valley Water District due in monthly Installments of principal
and Interest tota1Ing $8 beginning Apri11, 1990. Matures March 1, 1995 and
bears Interest at 7.5%
294
Note payable In annual principal Installments of $20 beginning March 1, 1990;
Interest at 4% to be added to principal of note payable at maturity,
March 1,1994.
61
Total notes payable
$
4,282
47
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CITY OF SAN BERNARDINO, CALIFORNIA
Notes to GeneraI Purpose Fmancial Statements, Continued
(In thousands)
The annual requirements to amortize proprietary funds long-term debt outstanding as of June 30,
1991, including interest payments, are as follows:
Lease Certificates
revenue of Notes
bonds Participation payable Total
Year ending June 30:
1992 $ 782 993 381 2,156
1993 780 1,248 381 2,409
1994 i'9O 1,247 396 2,433
1995 793 1,243 341 2,377
1996 794 1,236 271 2,301
Thereafter 2,974 12,644 4,()70 19,688
6,913 18.611 5,840 31,364
Less interest 1,573 7,147 1,558 10,278
Outstanding principal $ 5,340 11,464 4,282 21,(l86
(S) Tudpenm and Claims P~ble
The City of San Bernardino is self-insured for its lisbillty, unemployment and long-term
disability programs. The accrued liability for estimated claims represents an estimate of the
eventual loss on daims arising prior to year-end induding claims incurred but not yet repo1leJ.
As of June 30, 1991, the total judgments and daims lisbilities recorded in the Internal Service
Funds consisted of the following:
Workers' compensation
Liability claims
$ 5,543
7,160
Total judgments and claims payable
$ 12,703
The City has obtained excess liability coverage with limits of $25 million in excess of $1
million through the Big Independent Cities Excess Pool (BICEP). BICEP pools catastrophic
generallisbillty, automobile liability, and public officiaIs' errors and omissions Iosses. BICEP
intends to pool covered catastrophic Iosses incurred by its members, thereby eliminating the
need for excess commercial insurance protection. As a result, each member's share of pooled costs
will depend on the catastrophic losses of all the members. In addition, the cost to a member
city win also depend on that member's own loss experience. Entities with a consistent record of
cosdy daims will pay more than entities with a consistent record of limited serious claims
activity.
Estimated claims lisbilities at June 30, 1991, including estimates for claims incurred but not
reported, have been recorded by BICEP and the City's corresponding share of cost (premium) is
induded in claims expense in the liability Insurance Internal Service Fund. No claims have
been made against or paid by BICEP since inception.
48
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o
CITY OF SAN BERNARDINO, CAUFORNIA
Notes to General Purpose financial Statements, Continued
(In thousands)
In amnectIon with the formation of WCEP, bonds payable in the aggregate amount of $14,965
were Issued by BICEP of which $14,605 are outstanding at June 30, 1991. The City is obligated
to pay all premiums as af8~red, until the earlier of the termination of the related bond
agreement or prepayment of Its portion of the bond obligation. The Oty's repayment obligation
of bond principal at June 30, 1991, is $2)90.
The following public entities are also members of BICEP: Huntington Beach, Oxnard, Pomona,
San Bernardino, and Santa Ana.
Membelship RepaymeDt
percentage obligation
Huntington Beach 21.4% $ 3,126
Oxnard 15.6 2,278
Pomona 13.6 1,986
San BernardIno 19.1 2,790
Santa Ana 30.3 4,425
$ 14,605
Payments required on the bonds In the next five years are as follows:
Interest
1,178
1,151
1,120
1~7
1,ll57
Total
1,568
1,576
1,570
1,572
1,577
June30,l992
June 30, 1993
June 30, 1994
June 30, 1995
June 30, 1996
Principal
$ 390
425
450
485
520
(6) Compensated Absences LIability
The Oty employees receive from 10 to 25 vacation days each year depending upon length of
service. An employee may accumulate earned vacation lime to a maximum not to exceed 25
days. Upon termination, employees are paid the full value of their unused vacation lime at
their existing salary. The Oty employees receive 12 personal necessity/sick leave days each
year. Upon termination, employees are paid one-half the value of their unused personal
necessity/sick leave lime at their existing salary for management employees and a maximum of
60 days for all other employees. At June 30, 1991, $10,216 and $1,198 have been recorded,
respectively, In the Genera1 Long-Term Debt Account Group and the ProprIetary Funds for
accrued vacation and sick leave.
49
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CITY OF SAN BERNARDINO, CAUFORNIA
Notes to General Purpose Financial Statements, Continued
(In thousands)
m Lea......
a. Capital T -- - General Lolli-Tenn Debt Acrnunt Groqp
The ety leases furniture and equipment. All such leases expire by 1995 and have been
determined to be capital leases.
Included in the General Fixed Assets Acrnunt Group is $94 applicable to the leased
equipment of the Redevelopment Agency. The leased furniture is not presented in the
General Fixed Assets Account Group since the ety has not maintained a record of its
general fixed assets (note 1).
The following is a schedule of future minimum lease payments under capital leases
together with the present value of the net minimum lease payments as of June 30, 1991:
Year ending June 30:
1992
1993
1994
1995
1996
Thereafter
$
780
775
759
487
90
Total minimum lease payments
2,891
377
2,514
Less amount le...esenting interest
Present value of net minimum capital lease payments
$
b. Capital Leases - Enteqmse Funds
The ety leases its refuse equipment (trucks and bins). Such leases have been detennined
to be capital leases.
Included in property, plant and equipment are the following amounts applicable to
capital leases:
Refuse equipment
Less accumulated amortization
Asset ba1anc:e
at
June 30, 1991
$ 3336
(1,475)
$ 1,861
50
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o
CITY OF SAN BERNARDINO, CAUFORNIA
Notes to General Purpose Finandal Statements, Continued
(In thousands)
The following is a schedule of future minimum 1eue payments under capitalleues
together with the present value of the net minimum 1eue payments as of June 30, 1991:
Yeer endlng June 30:
1992
1993
1994
1995
1996
Thereafter
Total minimum lease payments
Less amount repteseI.ting interest
Present value of net minimum capital lease payments
Less current installments of obligation under capitalleues
Long-term obligations under capital lease
$
654
648
612
340
177
2,431
359
2.072
70
$
2,(lO2
c. The Water Department leases Its tractors, trailers and trucks. Such leases have been
determined to be capital leases.
The following Is a schedule of future minimum 1eue payments under capitalleues
together with the present value of the net minimum 1ease payments as of June 30, 1991:
Yeer ending June 30:
1992
1993
1994
1995
1996
Thereafter
Total minimum lease payments
Less amount representing interest
Present value of net minimum capital lease payments
Less current Insta11ments of obligation under capital leases
Long-term obligations under capital lease
51
$
122
125
116
113
80
556
104
452
83
$
369
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o
CITY OF SAN BERNARDINO, CAUFORNIA
Notes to General Purpose Financial Statements, Continued
(In thousands)
d. ~1i1\1' T ---Redevelopment A~
The Agency entered Into a lease agreement with Shandln Hills GoH Oub, Inc. for the
1ease of a golf course. The lease calls for minimum monthly renlal payments of $11
through December 1987, $13 from January 1, 1988 through December 1992, $16 from
January 1, 1993 through December 1997, and $17 from January 1, 1998 through the
remainder of lease. The tenn of the 1ease is 52 years from January 1, 1985. Minimum
renlal payments to be received from Shandin Hills GoH Oub, Inc. are as follows:
Year ending June 30:
1992
1993
1994
1995
1996
Thereafter
$
160
190
190
190
190
8,060
Tolal minimum lease payments
$
8,980
In addition to the minimum monthly rental payments, the 1ease agreement calIs for
contingent rental payments ca1culated at 18% of all green fees and cart rentals and 5% of
sa1es revenue from food, beverages and men:handise. The contingent rental is the amount
by which the percentage rental exceeds the minimum monthly renlal, which amounted to
$100 for the year ended June 30, 1991.
52
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CITY OF SAN BERNARDINO, CAUFORNIA
Notes 10 General Purpose Finandal Statements, Continued
(In thousands)
(8) Interfund -r...n....-tinnCl
Interfund receivables and payables at June 30, 1991 are as follows:
Advanca
Due from Due 10 Advanca from
other other to other other
Fund funds funds func1s func1s
General $ 1,126
SpedaI Revenue Funds:
Downlown Parking District 348
Administrative 237 543
Central ety Security 44 332
Low and Moderate Income Housing 3,293
Debt Service Funds:
A.D. 5861 Redemption 165
Parking District 84
Capital 1'1.....15 Funds:
Central ety Projects 3,123 3,030 3.soo
Central ety North 1,331
Central City West 915
Mt Vemon Business Corridor 1 550
Northwest 1,131 4,938 250
Operation Second Chance 1 1,835 885
Parking District 1,330
Southeast Industrial Park 7.025 250
South Valle 1 2,205
State College 1,314 252 4,385
Tri-Clty 1 7
Uptown Project Area 1,814
Enterprise Funds:
Water 640 200
Sewer l.oss 314 8
Geothermal 582
General Long-Tenn Debt Account Group 208
Total $ 19,800 19,800 4,843 4,843
53
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CITY OF SAN BERNARDINO, CAUFORNIA
Notes to General Purpose Financial Statements, Continued
(In thousands)
(9) ~t Infonnation for Enle1:prise Funds
The Oty maintains four Enterprise Funds to provide water, sewer, refuse and geothennaI
services to City residents. Operations of the funds are aa:ounted for, financed and operated in a
manner simi1ar to private business enterprises. A summary of these enterprises is as follows:
Water Sewer Refuse Geothermal Total
Operating revenue $ 11,867 7,586 10,958 157 30,568
Operating expenses:
Depreciation U,602) U,325) (667) (72) (3,666)
Other UO,023) (6,803) (9,390) (59) (26,375)
Nonoperating revenue
(expenses) 2,lJS4 2,400 (27) 10 4,337
Operating transfers in 253 253
Operating transfers out (396) U,389) (485) (2,270)
Net income
(loss) $ 1,900 722 289 (64) 2,847
Additions to contributed
capital $ 3,309 2.267 5,576
Property, plant and
equipment additions 3,735 16,421 754 12 20,922
Net working capital 5.358 12.245 572 (550) 17,625
Total assets 60,259 82.000 4,003 2,699 148,961
Bonds and other long-
tenn liabilities 12,613 8,832 2,281 2,476 26,202
Total liabilities 16,967 12,586 3.589 3,058 36.200
Total fund equity
(deficit> 43.292 69,414 414 (359) 112,761
(to) Defined Benefit Pension Plan
Plan Description
The Oty and RDA contribute to the California Public Employees' Retirement System (PERS),
an agent multiple-emp1oyer public employee retirement system that acts as a common
investment and administrative agent for participating public entities within the state of
California. The Oty's and RDA's payrolls for employees covered by PERS for the year ended
June 30, 1991 were $40,782 and $788, respectively. Total payroll for the year was $46,668 and
$834, respectively.
54
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CITY OF SAN BERNARDINO, CAUFORNIA
Notes to General Purpose FInancial Statements, Continued
an thousands)
All full-time employees are eligible to participate In PERS, md related benefits vest after
seven years of service. Upon five years of service, general employees who retire at age 62 are
entitled to receive an annual retirement benefit. The benefit Is payable monthly for life, In an
amount equa1 to 1% of the employee's average sa1ary during the last year of employment for
each year of aedlted service, after seven years of employment and 2% for each year over seven
years. The System also provides death and disability benefits.
PERS Is a amtributory plan deriving funds from employee contn"butions as well as from
employer contributions and earnings from Investments. Contribution rates for the year ended
June 30, 1991 were as follows:
Employee category
MiIcleI1aneous Public Safety
Employer
Employee
7.611%
7.00
21.197%
9.00
Pundillr Ststus and Provess
The amount shown below as the Npension benefit obllgationN Is a standardized disclosure
measure of the present value of pension benefits, adjusted for the effects of projected sa1ary
Increases and step-rate benefits, estimated to be payable In the future as a result of employee
service to date. The measure Is Intended to help users assess the funding status of the System on
a going~ basis, assess ptog._ made In accumulating suffident IISlleIS to pay benefits
when due, and make comparisons among employers. The measure Is the actuarial present value
of aedlted ~lljo:..'ted benefits md Is Independent of the funding method used to determine
contributions to the System.
The pension benefit obligation was computed as part of an actuarial valuation performed as of
June 30, 1990. Significant actuarial assumptions used In the valuation include (a) a rate of
return on the InVooSblldlt of present and future IISlleIS of 85% a year compounded annually,
(b) projected sa1ary Increases of 5% a year compounded annually, attributable to Inflation,
(e) additional projected sa1ary Increases of 15% a year, attributable to seniority lmerlt and
(d) no postretirement benefit Increases.
55
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CITY OF SAN BERNARDINO, CAUFORNIA
Notes to General Purpose Finandal Statements, Continued
(In thousands)
Total unfunded pension benefit obligation applicable to the Oty's and RDA's employees was
$25,533 and $20, respectively, at June 30, 1990 as follows:
Pension benefit obligation:
Retirees and beneficiaries currently receiving
benefits and terminated employees not yet
receiving benefits
Current employees:
Aa:umulated employee contnbutions, including
allocated investment earnings
Employer-financed vested
Employer-financed nonvested
Total pension benefit obligation
Net assets available for benefits, at cost (market value
Is $199,()22 and $2,507, respectively)
Unfunded pension benefit obligation
City RDA
$ 102.870 1,344
39,013 650
56,969 158
2,186 79
201,038 2,231
175,505 2,211
$ 25,533 20
In caJcuJating the pension benefit obligation at June 30, 1990, PERS updated the IIOn<<onomlc
actuarial assumptions regarding mortality, retirement and disability rates based on an
experience study for the period from 1985 through 1989. The effect of this change in non-
economic actuarial assumptions was to increase the Oty's and Agency's pension benefit
obligation by $3,579 and $44, respectively.
Actuariaily Determined Contribution Req,ulrements and Contribution Made
PERS uses the entry-age-nonnai-actuarJal-cost method, which is a projected-benefit-cost
method. That is, it takes into account those benefits that are expected to be earned in the future
as well as those already accrued.
According to this cost method, the norma1 cost for an employee is the 1eveI amount that would
fund the projected benefit if it were paid annually from date of employment until retirement.
PERS uses a modification of the entry-age-cost method in which the employer's total normal
cost is expressed as a level percentage of payroll. PERS also uses the level-percentage-of-
payroll method to amortize any unfunded actuarial liabilities. The amortization period of the
unfunded actuarial liability ends on June 30, 2001.
The significant actuarial assumptions used to compute the actuarialJy detennined contribution
requirement are the same as those used to compute the pension benefit obligation, as prevlous1y
described.
Contributions for the plans to PERS totaling $8.801 and $56, respectively, were made during the
fiscaJ year ended June 30, 1991 in accordance with actuaria1ly detennined contribution
requirements through an actuaria1 valuation performed at June 30, 1989.
56
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CITY OF SAN BERNARDINO, CALIFORNIA
Notes to General Purpolle Financial Statements, Continued
(In thousands)
These contributions consisted of:
City
"'of
cuaent
covered
payroll
RDA
Amount
Amount
"'of
current
covered
payroll
Normal cost $ 3,866 9.48% $
Amortization of unfunded actuarial
accrued liability 1,701 4.17
Total Oty/RDA contributions 5,567 13.65
Employee contributions 3,235 7.93
Total contributions $ 8,802 21.58% $
Trend Information
59 7.49%
(59) (7.49)
56 7.00
56 7.00%
Trend information gives an indication of the progress made in accumulating sufficient assets to
pay benefits when due. Historical information is important to assist readers of the financial
statements in assessing the Oty's progress in accumulating sufficient resources with PERS to
pay pension benefits as they become payable. Such information is now being accumulated;
however, historical information for periods prior to 1987 is not avallable. (Dollar amounts in
millions).
Net Unfunded
assets Pension pension
avail- benefit benefit
able for obllga- Percent obllga-
Fiscal year benefits tions funded tion
City:
1987 $ 122.2 152.7 80.0% $ 30.5
1988 138.5 164.4 843 25.8
1989 157.1 181.8 86.5 24.6
1990 175.5 201.0 87.3 25.5
1991 N/A N/A N/A N/A
RDA:
1987 1.5 2.0 75.2 .49
1988 1.7 2.2 77.1 .50
1989 1.9 1.9 101.7 (.03)
1990 2.2 2.2 99.1 .02
1991 N/A N/A N/A N/A
N/ A", Information is not available as of June 30,1991.
57
o
o
CITY OF SAN BERNARDINO, CALIFORNIA
Notes to Genera1 Purpose Finandal Statements, Continued
(In thousands)
Net Unfunded
assets Pension pensloIl
avail- benefit benefit
able for obUga- Percent obUga-
Fiscal year benefits tions funded tion
City:
1987 $ 36.7 83.0% $ 8.9 24.2%
1988 39.8 64.9 6.1 15.3
1989 44.2 55.7 5.4 15.3
1990 48.1 62.6 5.4 13.9
1991 40.8 N/A 5.6 13.7
RDA:
1987 .7 69.9 .2 20.2
1988 .7 67.9 .2 20.2
1989 .8 (4.2) .1 21.1
1990 .7 2.9 .1 19.3
1991 .8 N/A .06 7.0
NI A ..Information is not avaIlable as of June 30, 1991.
C11) Aaanssment Districts Bond Issue
Assessment District No. 961 issued $12,450 of Improvement Refunding Bonds, Assessment
District No. 977 A issued $683 Improvement Bonds and Assessment District No. 977B issued
$1,013 Improvement Bonds, all under the Refunding Act of 1984 for 1915 Improvement Acts
Bonds in December 1986. Neither the faith, credit nor taxing power of the aty is pledged to
the repayment of the bonds. Accordingly, no liability has been recorded in the General Long-
Tenn Debt Account Group. At June 30, 1991, $13,(l31 of Improvement Bonds remains outstanding.
(12) Mortp~ Revenue and Industrial DeveI'lP"""'t Revenue Bonds
Not included in the accompanying financial statements are mortgage revenue bonds and
industrial development revenue bonds issued by the aty and Redevelopment Agenq. The
bonds are spedal obligations payable solely from payments made on and secured by a pledge of
the acquired mortgage loans and certain reserve funds and other monies in oonnection therewith,
all pledged under the resolution authorizing the issuance of the bonds. The bonds are not
payable from any other revenues or assets of the City or the Redevelopment Agenq. Neither
the falth and credit nor the taxing powers of the aty of San Bernardino, California, the state
of California or any poUtical subdivision thereof or the Agency is pledged to the payment of
the prindpal of or the interest on the bonds.
58
o
o
CITY OF SAN BERNARDINO, CAUFORNIA
Noles to Genera1 Purpose FinancIal Statements, Continued
(In thousands)
(13) Fund Defidtsl A=lmulated Defidts
At June 30, 1991, the following funds from the Governmental Fund Types have fund deficits that
are anticipated to be funded from future grant and other revenues and operating transfers:
SpP<'lal Revenue Funds:
Cemetery
Cable TV
Animal Control
Central Cty Security
Industrial Development Bonds
$
(150)
(404)
(288)
(290)
(173)
$ (1,305)
Capital Projects Funds:
Certificates of Partidpation
Special Assessments
Central Cty West
Mount Vernon Business CorrIdor
Northwest
Operation Semnd Chance
Parking District
$ (273)
(707)
(915)
(841)
(554)
(546)
(1,324)
$ (5,160)
At June 30, 1991, the following funds from the Proprietary Fund Types have accumulated
deficits that are anticipated to be RICOvere<I in future periods from user charges and/or
operating transfers. As of June 30, 1991, the General Fund does not have the financial capacity
to fund such accumulated deficits. Therefore, funding for the accumulated defidts will take
years to acmmplish. The accumulated deficits are due to higher claims experienced versus
amounts charged to the various departments:
Enterprise Funds:
Geothermal $ (500)
Internal Service Funds:
Worlcers' Compensation (5,454)
liability Insurance (5,159)
Self-Insurance Health Plan (2,186)
Motor Pool (434)
Telephone support (628)
$ (14,361)
59
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o
CITY OF SAN BERNARDINO, CAUFORNIA
Notes to General Purpose Finanda1 Statements, Continued
(In thousands)
(14) Prior Year Defeasance of DMt
In prior years, the Redevelopment Agency defeased certain tax allocation refunding bonds by
pIadng the proceeds of new bonds in an Irrevocable trust to provide for all future debt service
payments on the old bonds. Accordingly, the trust acmunt assets and the liability for the
defeased bonds are not Included in the genera1 purpose finandaI statements. On June 30, 1991,
$76,560.000 of bonds outstanding are considered defeased.
(15) Land Held for Resale
A summary of land held for resale by various redevelopment project areas as of June 30, 1991 is
as follows:
Special Revenue Funds:
lDw and moderate income housing
Capital Projects Funds:
Central Cty Projects
Central Cty North
Northwest
Operation Second Chance
Southeast Industria1 Park
Uptown
$
540
5,290
1,140
1,475
1,275
5,167
600
$ 15.487
Land acquired for future sale by the Redevelopment Agenc:yis capitalized at cost. These assets
are generally acquired under developer disposition agreements (DDAs) in the normal course of
redeve10pment activity. The (DDAs) provide for transfer of the property to developers after
certain redevelopment obligations have been fu1fi11ed. When the DDA is consumated, the
value of the land held for resale is reduced to its estimated sales value.
(16) Continponri....
In the normal course of operations. the Cty has also been named as a defendant in various
claims and 1ega1 actions. In the opinion of legal counsel, the ultimate liability for these other
legal actions and c1aims will not have a material adverse effect on the Cty's general purpose
financial statements.
60
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CITY OF SAN BERNARDINO, CAUFORNIA
Combining Financial Statements and Exhibits
Year ended June 30, 1991
61
o
o
Exhibit 6
CITY OF SAN BERNARDINO, CALIFORNIA
Combining Balance Sheet - A1l Special Revenue Funds
June 30, 1991
(In thousands)
Assets l.1"brarv Cemeterv Cable TV Asset Seizure
Cash and investments $ 80 384
Aa:ounts receivable
Other receivab1e
Interest receivab1e
Due from other funds
Due from other governmental agencies
Notes receivable
Land held lor resa1e
Other assets
Total assets $ 80 384
Liabilities and
Fund Ba1anceo tDeficit)
Overdraft of cash and ~ pool $ 140 388
Aa:ounts payable 23 2 3 6
Aa:rued liabilities 57 8 13
Due to other governmental agencies
Due to other funds
Advances from other funds
Deposits
Deferred revenue
Total liabilities 80 150 404 6
Fund ba1ances (accumulated deficit):
Re&erwd lor encumbrances 2 18 76
Re&erwd for other assets
Re&erwd lor land held for resale
Re&erwd lor notes receivab1e
UnreservecI:
1)oclg>'.~ for specific capita1
projects
Designated for continuing
appropriations
Unc:Iesignated (accumuJated deficit) (2) 050) (422) 302
Total fund balances
(accumulated deficit) 050) (404) 378
Total liabilities and fund
balances (accumulated
deficit) $ 80 384
62
o
o
BuiDess Paddug Local s_ ADlma1
T...~-,- Dlslrid Il_ Traftatl'lwtati"" 1'1'o2r:a....& Cmdml
22 3Il4 93
14 400 14
861
2
22
398
400
93
863
14
2
21
130
(84)
216
&3
29
t?AA\
21
46
216
&3
31
(288)
22
398
400
93
863
14
63
0 0
Exhibit 6-2
CITY OF SAN BERNARDINO, CALIFORNIA
Combining Balance Sheet - All Special Revenue Funds, Continued
June 30, 1991
(In thousands)
PmfeuiODal
SpedU Gas Baseball Community
Aaseb Tax Team Traffic Safetv DeveloDD'lellt
Cash and investments $ 396 73 1,042
Acmunts receivable 7
Other receivable 17
Interest receivable
Due from other funds
Due from other governmental agencies 111 1 3,903
Notes receivable
Land held for n!Sll1e
Other assets
Total assets $ 5J.1l 80 1 4.962
Liabilities _
PUDd B:Ill~ftces (Deficit)
0verdIaft of 0ISh and investment pool $ 1
Acmunts payable 6 123
Accrued Iiabi1ities 2S
Due to other govemmentaI agencies
Due to other funds
AdV!"'CI!S from other funds
Deposits
Deferred revenue 3.094
Total Iiabi1ities 6 1 3.242
Fund baJances (aa:umuJated deficit):
Reserved for encumImmCl!S
Reserved for other assets
Reserved for 1and held for resa1e
Reserved for _ rec:eivab1e
Unreserved:
Designated for specific capital
projects 1,682
Designated for continuing
appropriations
Undesignated (aa:umuJated deficit) 5J.1l 74 38
Total fund ba1ances
(acaunuJatied deficit) 5J.1l 74 1.720
Total liabi1ities and fund
ba1anCl!S (aca.unuJated
deficit) $ 5J.1l 80 1 4.962
64
3?Ni.
3.206
113
113
3.319
o
55
55
55
984
984
984
543
543
543
65
o
3
332
33S
(29())
(29())
45
382
382
(173)
(173)
209
~
0 0
Exhibit 6-3
CI'IY OF SAN BERNARDINO, CALIFORNIA
Combining Balance Sheet - AD Special Revenue Funds, Continued
June 30, 1991
(In thousands)
IlecfevelODlllent A2I!Dn'
Low and
Modezate Total
lDcome RedneJopment
AsHb HonanD' j........". Total
Cash and in.-.~,ts $ 9,170 9,592 12,.905
Aa:ounts receivable 449
Other receivable 21 3,244
Interest receivable 311 311 312
Due &om other funds 3,293 3,574 3,574
Due &om other governmental agencies 5,174
Notes receivable 3,565 3,565 3,565
Land held for resa1e 5(() 5(() 5(()
Other assets 300 373 375
Total assets $ 17.179 17.976 30.138
Uabilities and
Pand .....-_ (Deficit)
Overdraft of cash and investment pool $ 1,528
Aa:ounts pByBb1e 64 449 843
Aa:rued 6abiIities 177
Due to other govemmental agencies 27
Due to other funds 875 1,223
Advances &om other funds
Deposits
Deferred revenue 6.302
Total6abilities 64 1.324 10.100
Fwui beIances (accumulated deficit):
Reserved for encumbIances 209
Reserved'for other assets 2
Reserved for land held for resa1e 5(() 5(() 5(()
Reserved for notes receivable 3,565 3,565 3,565
Unreserved:
DesigDated for specific capital
projects 13,010 13,010 14,692
DesigDaled for continuing
appropriations 130
UndesigDaled (ac:cumulated deficit) (463) 900
Total fund beIances
(accumulated deficit) 17.115 16.652 20.038
Total tialHHties and fund
balances (ac:cumulated deficit) $ 17.179 17.976 30.138
66
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nus PAGE LEFI' INTENTIONALLY BLANK
67
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Exhibit 7
OTY OF SAN BERNARDINO, CALIFORNIA
Combining Statement of Revenues, Expenditures and Changes in
Fund Balances (Aa:umulated Deficit) - An Specia1 Revenue Funds
Yeerended June 30, 1991
(In thousands)
L11muv
Cemelerv
Cable TV
Revenues:
Property taxes
LioImses and permits
Fines and forfeits
Use of money and propert).
Intergovernmental revenues
Charges for services
Other revenues
$
143
48
20
163
Total revenues
191
183
Expenditures:
Current:
Geaeral government:
Deputmental
Nondepartmental
Public safely
Public works
CuIlure and recreelion
Capital outlay
Debt service:
Princ:ipol relin!ment
Inten!Sl and fiscal dwges
Total expencJitwes
Excess (deficiency) of
revenues over expel>-
ditun!s
264
469
2,817
2.817
264
547
(2,626)
(81)
(547)
Other financing soun:es (uses):
Proceeds from capital lease ob6galion
Operating transfers in (out)
2.626
391
Total other financing
soun:es (uses)
2.626
391
Excess (deficiency) of
revenues and other
soun:es over expenditures
(81)
(156)
Fund balances (accumulated deficit),
July 1.1990
Fund balances (accumuIatecI deficit),
June 30, 1991
(69)
(248)
$
(150)
(404)
68
Asset SelzUJe
12
211
223
263
78
263
(40)
(40)
418
378
o
o
'3t17 80 3,376
83
52 171 689
21 4
2
1
52 561 80 21 3.383 689
122
(45)
400
198
54
(370)
7
(130)
130
1415l
377
030)
130
1415l
7
377
(8)
85
400
(217)
61
7
29
(39)
(184)
300
(30)
I295l
21
46
216
83
31
1288)
69
Revenues:
}\O}'<"l)-laxes
Licenses and permits
Fines and forfeits
Use of money and property
Inb6UYel4lDelltal revenues
Charges for seIVices
Other reYel\ues
Total reYel\ues
Expenditures:
Cunent:
General government:
Deputn.....ta1
NcmdepartmeDtal
Public safety
Public worlcs
Cultwe and recreation
Capital outlay
,Debt service:
PriDdpa1 retUement
Interest and fiscal charges
Total expenditures
E>o:ess (deficiency) of
reYel\W!S over expen-
ditures
Other financing sources (uses):
Pro<eeds from capital1ease obligation
Operating transfers in (out)
Total other financing
sources (uses)
E>o:ess (deficiency) of
reYel\W!S and other
sources over expenditures
Fund ba1ances (accumulated
deficit), July 1, 1990
Fund ba1ances (accumulated
deficit), June 30, 1991
o
o
Exhibit 7-2
CITY OF SAN BERNARDINO, CALIFORNIA
Combining Statement of Revenues, Expenditures and
Changes in Fund Balana!s (Deficit) - All Spedal Revenue Funds, Continued
Year ended June 30, 1991
(In thousands)
Special Gas
Tax
Pmfe8aioaal
Baseball
Team
1'Dffic Safetv
$
182
30
2,715
80
2.745
2
82
2
184
41
41
2,745
41
184
I? ?'U;\
(84)
(2 238)
(84)
507
41
33
$
507
74
70
CommUDity
DeYeIomaeat
808
5
813
849
1,305
2.154
(1,341)
(1,341)
3.061
1.720
o
o
CivIc Center
Mobili! Home
SlIles .....
Road
jA.....;ft;~
Central City
Secaritv
IncIastrial
Dne10pmeDt
JIOIld.
528
15
15
528
117
117
1,327
35
1.377
347
347
15
60
6
347
16
60
6
347
16
528
57
1,37l
(1)
(477) (471)
(477) (471)
51 57 900 (1)
62 C2l 84 (290) (172)
113 55 984 (29()) (173)
71
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Exhibit 7-3
CI1Y OF SAN BERNARDINO, CALIFORNIA
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances (Deficit) - All Special Revenue Funds, Continued
Year ended June 30, 1991
(In thousands)
Kedevelomnent AaenCY
Law and
Modeme Total
IJu:ome Redevelopment
Ifonana A......CY Total
Revenues:
Floperlj taxes $ 187
Licenses and permits 313
Fines and forfeits 209
Use of moDI!)' and property 866 881 2,712
Intergovernmental revenues 6,666
Charges for servkes 347 1,840
Other .........ues 889
Total.........ues 866 1 ??It 12.816
Expenditures:
Current:
GeneraJ govemment:
Departmental 333 696 5,299
NondeparlDoentaI lB
Public safety 2,024
Public worb 1,30S
Cu1ture and recreation 2,817
Capital out1ay 103
Debt service:
Principal retirement 2
Interest and fiscal duuges 1
Total expenditures 333 696 11.634
Excess (deficiency) of revenues over
expenditures 533 532 1,182
Other financing sources (uses):
Prot:eeds &om capital lease obligation 7
Operating transfers in (out) 4.048 4.ll48 3.657
Total other financing
sources (uses) 4.048 4.048 3.664
Excess (deficiency) of.........ues and other
sources over ecpenditures 4,581 4,S8O 4,846
Fund balances (accwnuIated deficit), July 1, 1990 12.534 12.072 15.192
Fund balances (accumulated deficit), June 30, 1991 $ 17.115 16.652 20.038
72
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THIS PAGE LEFT INTENTIONALLY BLANK
73
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Exhibit 8
CITY OF SAN BERNARDINO, CALIFORNIA
Combining Statement of Revenues, Expenclitwes and Changes in Fund Balances
(Accumulated Deficit) - Budget and ActuaJ - All Budgeted Special Revenue Funds
Year ended June 30, 1991
l.11>rarv
BudRet
Ac:tua1
Revenues:
Prope.ly taxes
Licenses and permits
Fines and forfeits
Use of """"'Y and property
Intergovemmental revenues
Charges for servia!s
Other revenues
$
2
178
49
143
48
Total revenues
229
191
Expenditures:
Current:
General govemment:
Departmental
Nondepartmental
Public safety
Public works
Cu1ture and ft!Cn!ation
Capital outlay
Debt oeM"",
Principel retiJement
Interest and fisca1 dwges
2,974
2,817
Total expenclilun!S
Excess (deficiency) of revenues over
expencIitwes
2974
2817
(2,745)
(2,626)
Other financing SOUJa!S (uses):
Proceeds bom capita11eose obligation
Operating tnmsfers in (out)
2626
2626
Total other financing SOUJa!S (uses)
Excess (deficiency) of revenues and other
SOUJa!S over expencIilun!S and other uses
$
(2.745)
Fund balances (accumulated deficit), July 1, 1990
Fund balances (accumulated deficit), J1Dle 30, 1991
$
74
Vadance -
favmable
hUlfavorablel
(2)
(35)
(1)
(38)
157
157
119
2.626
2.626
2.745
o
o
r_I...~. Cable TV
Varlan<e- Varlan<e-
favorable favorable
...,.... Adua1 (UDfavonble) Budai Actaal 'IIM.......h1.)
53
20
163
(33)
163
(194)
194
247
183
(64)
276
264
12
589
469
120
78
(78)
276
264
12
589
547
42
(29)
(81)
(52)
(589)
(547)
42
391 391
391 391
1291 (81) (52) (5891 (lS6) 433
(69) l2481
(150) (.(()4)
75
~,-
o
o
Exhibit 8-2
CITY OF SAN BERNARDINO, CALlFORNIA
Combining Statement of Revenues, Expenditures lI1ld Changes in Fwd Balances (Deficit)-
Budget and ActuaJ - All Budgeted Special Revenue Funds, Continued
(In thousands)
P.llM"O and Blla..... ImDlO..~t
VuiaDce-
flrvoDble
BadRet ActuaJ f1lllfavonb1e)
Revenues:
I'1vp<"I,_
, v-....lI1ld permits
Fines and I"orieits
Use of moaey and P.v~
JntergovemmentaJ revenues
Charges for semces
0tbeI" nM!Ilues
$
180
174
(6)
Total revenues
180
174
(6)
l!~*ures:
Cummt:
GeIleral govenunent:
DeputmentaI
NcmdepartmentaJ
PubIi<: safety
PubIi<: worb
Culture and reaeation
Capital outlay
Debt service:
PriDc:ipal relin!ment
~ lI1ld fiscol cIwges
Total ecpeDditwes
1bocess (deficiency) of nM!IlUOS over
ecpeDdiIures
50
52
(2)
50
52
(2)
130
122
(8)
Other fiDancing soun:es (uses):
Proceeds &om aapital1ease obligation
Operating transfers in (out)
1bocess (deficiency) of nM!IlUOS lI1ld other
lIOUJa!S over ecpeDdiIures and other uses
on (130)
(130) (130)
$ 130 (8) (138)
29
$ 21
Total other fina....n,g _ (uses)
Fwd balances (acc:umuIated deficit), July 1, 1990
Fwd balances (accumulated deficit),June30, 1991
76
o
o
DowIlt1nna p...w... n;.....,;.... Lol:al """n___...
VadaDce - VadaDce-
flmuable flmuable
..A..... .......... (1b4.... hla) BlldRet ~""".1 ,.....,--.....,.)
235 187 (48)
19 329 310 6 9 3
167 209 42
1 1
254 516 262 173 219 46
336
307
83
171
(307)
(83)
165
21
(21)
336
561
(??I;\
21
(21)
(82)
(45)
'S7
173
198
25
130 130 /4151 /4151
130 130 /4151 /4151
(82) 85 167 173 (217) (390)
(39) 300
46 83
77
o
o
Exhibit 8-3
CITY OF SAN BERNARDINO, CALIFORNIA
Combining Statement of Revenues, Expenditures and Changes in Fund Balan.... (Deficit) -
Budget and AduaI- All Budgeted Special Revenue Funds, Continued
(In thousands)
Revenues:
l\u~l,. taxes
License and permits
Fines and forfeils
Use of JIlOJll!Y and !"ul""'l)
Jntergovenunental revenues
Charges for servia!S
Olherrevenues
Total revenues
Ilxpendilures:
Cum!I1t:
Geaeral govemment:
Departmental
Nondeputmenta1
I'uI>Ik safety
I'uI>Ik worb
Culture and recreation
Capital outlay
Debt service:
""'........'6 t
..&~.. ~--
~ and fiscal charges
Total ecpendilun!s
E>ocess (deficiency) of revenues CM!I"
""Jl'!"ditur
Other financing llOIIJa!S (uses):
I"Ioceeds from alpita11eese obligation
Operating baIlsfe.s in (out)
Total other fi1lanc:ing llOIIJa!S (uses)
E>ocess (deficiency) of revenues and other
llOIIJa!S CM!I" expenditures and other uses
Fund balances (accumulated deficit), July 1, 1990
Fund balances (acxumulated deficit), June 30, 1991
??(tI;
2,2ll5
$
??fII;
78
2.745
540
2,745
I? ?'Ul)
I?~
5f17
$
5f17
540
n?'Oll\
t? 7Ut\
0.698)
...A....
160
160
160
160
o
T..HLo !IlaI.hr
~.......1
182
2
184
184
(184)
nMl
VuiaDce-
favmable
(M4f...a.....h!el
22
24
24
t1M)
OM)
Q~
o
C"nftlftttlftfhr .......1_.
VllIilmce -
fanable
Budat ~1'hI.1 (-.4.- -hie)
2
840
215
1/1111;
U.oss>
n.MS\
79
808
5
813
849
1,305
2.154
U,341)
(1,341)
3.1161
l.m
808
5
813
(9)
O,ll!lO)
(lJI99)
(286)
(286)
""oM
o
o
Exhibit S-4
Cl'IY OF SAN BERNARDINO, CALIFORNIA
Combining Statement of Revenues, Expenditures and Changes in Fund BalanCll!S (Deficit) -
Budget and Actual- AU Budgeted Special Revenue Funds, Continued
(In thousands)
Pwn'-a;_.l Baseball T--
VlIIWule -
fnarable
Budaet AduaI (=........hl.\
Revenues:
l'1upal, taxes
Licenses and permits
Fines and forfeits
Use of money and pro~l,
Intergovernmental revenues
Charges for services
00..... revenues
$
59
so
21
2
2
Total reveI\Ul!S
59
82
23
Expenditures:
CunenI:
GeNnI govemment:
Depertmenlal
Ncmdepartmenta1
Public safety
Public worb
CuIlure and II!CIeIItion
Capita1 oatJay
Debt service:
PrincipIl retirement
lnten!st and fiscal dwges
Total ecpenclitures
41
(41)
41
141\
Excels (deficiency) of revenues over
expenditures
00..... fiDandng soun:es (uses):
Pm<.ds &om capital1ease obligation
Operating transfers in (out)
Total other fiDandng SOUJaS (uses)
Excels (deficiency) of revenues and other
soun:es over expenditures and other uses
59
41
(18)
$
59
41
(18)
Fund balances (aa:umulated deficit), July 1,1990
Fund balances (aa:umuIated de6cit), June 30,1991
33
$
74
80
o
o
...-....1 Co:at:ml Total
Vada!ule - Vada!ule-
favorable flmmIble
...d.... A......1 1_........_1 8adat Actaal (....(_......_hle)
235 187 (48)
180 139 (41) 360 313 (47)
45 Z7 (18) 205 209 4
159 1,276 1,117
2,S3O 3,230 :100
108 118 10 351 166 (185)
2 3S 33 2 45 43
33S 319 (16) 3.842 5.426 1.584
865
1,081
83
1,761
1,305
2,817
99
(216)
(83)
C347)
(I,Il9O)
157
(99)
188
689
(501)
1,414
215
2,<R4
188
689
(5(J1 )
5.468
7.146
11.678)
147
(370)
(517)
(1,626)
(1,720)
(94)
:J77 :J77 557 557
:J77 :J77 557 557
147 7 (140) (t,.~) (1,163) 463
<295l 2.772
I?lUI\ 1.609
81
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o
Exhibit 9
CITY OF SAN BERNARDINO, CALIFORNIA
Combining Balance Sheet - AD Debt Service Funds
June 30, 1991
On thousands)
Redeve10Dlllellt A......"
am Center
A.D.f5861 Leue JleveDue Centml Oty Centml Oty
Aa8els Red-"';ftft BcnuI PlOiects North
Cash and investments $ 1,196 219 140
Cash and investments with fiscal agent S54 10,376 2,848
Due from other funds
Other JeceivabIe
In_ receivable 12 76 140
Total assets $ 554 1.208 10.671 3.128
Liabilities and Pand "'1~_ CDeficit)
Cash lM!I'drafls $ 8
Due to other funds 165
Total liabilities 173
Fund balances - reserved for debt service 381 1.208 10.671 3.128
Total liabilities and fund
balances (deficit) $ S54 1 ?IIR 10.671 3.128
82
Nol'lh....sd
m
399
399
399
PuIciDg
Diatdd
SIJ9
84
2
9
692
692
692
o
'DaA...lft_'" ~____
SoatIIeut
lIuIutdal
PlIdc South Valle
'Bl
7,368
842
490
4
tl~
846
8.155
846
~.15S
846
83
o
~CoU-
2,358
40
2.398
2.398
2.398
",.,;.
"
o
o
Exhibit 9-2
CITY OF SAN BERNARDINO, CALIFORNIA
CombiniDg Balance Sheet - All Debt ServiCl! Funds, Continued
June 30, 1991
(In thousands)
Red.....l~.... ~........tMI
ToIlIl
UpIowD llecIeftlopmem
A-m 1'J:i.Citv Pmied Aaa ~-n' ToIlIl
Cash and inVSmenls $ 656 1,852
Cash and inv___.ts with fisca1 agent 991 235 26,014 26,568
Due from other funds 84 84
Other receivable
~receivab1e 4 1 766 m
Tolalassets $ 995 236 270;,0 29?R?
LiabUitles ancI Fand BaJances CDefidt)
Cash overdr.Uls $ 8
Due to other funds 165
Tolalliabilitil!s 173
Fund balances (deficit) -.- ...d for
debt service 995 236 270;,0 29.109
ToIlIlliabiIities and fund
""I.nces (delidt) $ 995 236 270;,0 29'Jl1?
84
'-'-.",.-.:---,'0:
o
o
nus PAGE LEFT INTENTIONALLY BLANK
85
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o
Bxhibit 10
CITY OF SAN BERNARDINO, CALIFORNIA
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances (Deficit) - All Debt Servic:e Funds
Year ended June 30, 1991
(In thousands)
:Rednelq--t A-~
Ovic CeDler
A.D. f5ll61 Leue Revenue CentIlIl City CentIlIl City
--- 1IoIld l'mi_ North
Revenues:
Prot""l, taxes $ 2,413 1,453
Use of IIIDIle)' and P'O)~ly 74 609 153
Other reveaue 2 m
Total n!Vl!Ilues 2 74 3.815 1.606
Expenditures:
DebtIll!l"Vice:
Prindpel ,etk.=_ 37U 320 28S
Inten!st and fiscal dwges 177 2,624 676
Other 5 11 3
Total ""J'e"d;m",. SS2 2.955 964
lixa!ss ("eficieacy) of_
over ecpenditures 2 (478) 860 642
Other finaDdDg I1llW'CeS (uses) - operating
tnmsfem in (out) 477 (28) 087)
lixa!ss (deficieacy) of_
and other lIClUICI!S over
ecpenditures and other uses 2 0) 832 4SS
Fund ""Lu.ceo (deficit), July 1, 1990 379 1.2D9 9.839 2.673
Fund b81ances (defidt), J1Dle 30, 1991 $ 381 1211II 10.671 3.128
86
o
o
--.. &JI.--
&,11 I
PaddDs lDdubiaJ
NortInnst N.....".. PlIIk !loath v.ne S_ Colletle
3,304 352
22 44 610 49 3111
168 280
22 212 3.914 329 6!l9
55 75 39S 408 605
231 90 2,201 4B1 1,572
13 5
286 165 2.609 89S 2.182
(264) 4'J 1,30S (566) U,523)
242 11 57S 1~?1i.
(22)
4'J
1,316
9
lIB
421
64S
Ii.~
837
2.29S
399
692
8.155
846
2.398
87
-
o
o
Exhibit 10-2
CITY OF SAN BERNARDINO, CALIFORNIA
CombiDing Statement of Revenues, Expenditwes and
Changes in Fund Balances (Deficit) - All Debt Service FulIds, Continued
Year ended June 30, 1991
(In thousands)
Redeve1cnttn..... ~.....,..,
Total
UplDwa llecIewelo..........
TIi-Citv PmiectAma /a.-- Total
Revenues:
Fi.u~l, taxes $ 11 7,533 7,533
Use of IIlIlD8Y and propaly 51 12 1,857 1,931
Other rennue 1.241 1.243
TotaInM!DueB 62 12 10.631 10.7117
Expenditures:
Debt service:
Principe1 retirement 120 30 2,293 2,663
IDterest and fiscal dwges 581 138 8,600 8;777
00... 2 34 39
Total expenditun!s 7lI3 168 10.927 11.479
Excess (deficieacy) of.............
over ""P"""Buns (M1) US6} (296) (772)
Other fin...,.;"g _ (uses}-operating
transfers in (out) 623 134 2.996 3.473
Excess (deficiency) of.............
and othOI'SOUI'a!S over
e>cpeDditwes and other uses U8) (22) 2,7llO 2.701
Fund balances (deficit},JuIy 1, 1990 1.013 2S8 24 son 26.408
Fund balances (deficit), June 30, 1991 $ 99S 236 27520 29.109
88
-r_7=::..4C'..,;:;.......__,..
o
o
THIS PAGE LEFI' INTENTIONALLY BLANK
89
0 0
Exhibit 11
CITY OF SAN BERNARDINO, CALIFORNIA
Combining Balance Sheet - An Capital Projeds Funds
June 30, 1991
(In thousands)
Pade
Public Pade Street Co-.:tioa
A.- NorionPmied Wvt..r.';..... C".n..........rti"ft Fee
Cash and investments $ 140 ?ll5
Cash and in.-.~d& with fisca1 agent
Accounts receivable
Interest receivable
Due from other funds
Due from other governmental ageucies 248 1,532 1,318
Advances to other funds
Notes receivable
lase receivable
LaDd held for resale
Other assels
Total_ $ 248 140 1~ ?1'I'n
LiabiIitieo and l'1md .....1.ftces CDeficit)
LiabiIi1i
eo:
Overdraft of cash and im,...h._l pool $ 122 650
Accounts payable 550 15
Aa:rued 1iabiIities 133 10
Due to other governmental ageucies
Due to other funds
Advances from other funds
DeposiIs
Derenecl revenue
Tota1liabi1ities 122 1- 25
Fund balances (aa:umuIaIed deficit):
Reserved for en<:umbrances 19 10 92
Ra ...d for lIdvImces to other funds
Reo ...d for DOtes receivable
Reserved for Iud held for nsaIe
Reserved for J'I'!PBid ilems/other assets
Um...... .4!d;
D-~ !or specific capilaI
y,,'je<b and programs
DesigDaled !or """tUu'n,g
appropriations 122 6,375 2,262
Un.f-;g...1ed (acammIated deficit) 126 en (6.186) (356)
Tota1fund balances
(aa:umuIaIed deficit) 126 140 199 1.998
Tota16abi1ities and fund
balanaos (aa:umuIaIed
dl!ficit) $ 248 140 1~ ?fl?':t
90
35
13
22
35
35
S7
223
7.lllM
1
33
34
2.751
4.219
6.9'0
7.lllM
o
4C3
lOll
21
129
t.t23
(llO9)
314
4C3
2.7l2
50
S7
10'7
1,269
1.336
2.605
2.712
91
o
367
640
640
C!7.3)
(273)
367
1~
815
38
5
858
t7U7l
t7U7l
151
o
o
Exbibi111-2
CITY OF SAN BERNARDINO, CALIFORNIA
Combining Balance Sheel- AD Capital Projects Funds, Continued
June 30, 1991
(In thousands)
Redevelo_A......,..
Central City
Pmjeds
$ 3,569
Aueta
Cash and investments
Cash and in...dh..~,ts with fiscal agent
Accounts JeCeivable
In_ JeCeivable
Due from other funds
Due from other governmental agencies
Advances to other funds
Notes receivable
LeIse JeCeivable
Land held for resale
Olherassets
Total assets
Central City
North
4.150
Central City
West
152
75
3,123
147
84
1,331
767
11,495
5,290
1
1,140
$ 24.471
Liabilities ad Pand p.l.ft-eo (Deficit)
1 bhUities-
Overdraft of cash and investment pool $
Accounts payable
Aa:rued liabilities
Due to other governmental agencies
Due to other funds
Advances from other funds
Deposits
Deferred revenue
Tota1lial>o~
Fund baIanas (aa:umuIated deficit):
Resened for encumbrances
Resened for advances to other funds
Resened for notes receivable
Resened for land held for resale
Resened for prepaid ill!llls/other assets
Unreserved:
Designated for speciIk capital
yntjt.:b and programs
Designated for CIOIllinuing
appropriations
Undesignated (aa:umuJaled deficit)
Total fund balances
(aa:umuIated deficit)
Total liabilities and fund
balances (acaunulated
deficit) $
6Rll';
150
124
3,ll3O
3,500
915
11.495
18.175
124
915
767
5,290
1
1,140
239
5,588
(915)
6.296
6.129
(915)
24.471
6.853
92
Mt. Vemon
Baaiusa
l'"ft"';dor
1
1
42
550
250
842
(841)
(841)
1
o
o
113 31 2 30 2,362 29
4,938 1,835 1.330 2,2DS 2S2
885
5.936 tau. I on? 30 4.567 281
250 4,385
142 SOl 2,986 6lO
1.475 1,275 5,167
12,751 14,692
12.171) (1.821) fl.324) C39Sl
(SS4) lS46) 11.324) 18.669 2.S91 19.69'7
s~ 1~ 8 IM99 7.158 19.978
93
o
o
Exhibit 11-3
CITY OF SAN BERNARDINO, CALIFORNIA
Combining Balance Sheet - AD Capital Projec:ts Funds, Continued
JlDIe 30, 1991
(In thousands)
Red.enloumeDf: J.......,.
Auets
Cash aad investmmts
Cash aad investmmts with fiscal agent
Aa:ounts nc:eivabIe
In_1eCl!ivabIe
Due from other funds
Due from other governmental agencies
Advanas to other funds
Notes receivable
Lease nc:eivabIe
Land held for resa1e
Other asoels
TotaI_
Uptown
Pmiect Ala
1,437
Total
1tedeve1opmeat
jA.....,.
Tri-Citv
6,941
$
4O~
24
138
1
21
29
633
1,458
13,928
2
4,635
5,ll17
11,495
14,947
616
93.061
600
$
7.104
?()11(1
Liabilities iIIld I'lIIld Rsl__ (Deficit)
Liabilities:
0venIraft of cash aad iIr..stu.....t pool $
Accounts payable
Aa:rued liabilities
Due to other governmental agencies
Due to ~ funds
Advanas from other funds
Deposits
Defem!d revenue
Total liabilities
Fund baIaN:es (1I<XWIUIated deficit):
IleIerwcI for emcumbrances
IleIerwcI for advances to other funds
Res ...d for DOles receivable
IleIerwcI for IaDd held for resa1e
IleIerwcI for pn!pIid items/other_
Unreserved:
Designated for specific capital
projects aad programs
DesigDatedforamtinuing
appropriaticms
Undesignated (acaunuIated defidt)
Total fund baIaN:es
(acxwnulated defidt)
Total liabilities and fund
balances (ac:cwnuIatt!d
deficit) $
101
14
2,998
7
1,814
16,876
4,635
1011
1 A?Jl
11.495
361lf14
600
4,635
5,ll17
14.947
6,996
40,266
(341)
(7.808)
6.996
259
S7J1Sl
7.104
2.087
93.061
94
C1I1taD1
DeveIopmeat
Co..-tion
Fee
o
Binet
TrUfic Ughlillsf
V--"'" s....... . S....~...:.... Total
2S 365 571 Sl,014
518
669
l.e
13,928
3,157
4.635
S,ot7
11,495
14.947
9 N8
2S 365 S80 lCJl!~
2,ZZl
9 15 162 3,945
2 22 251
16.876
4.635
33
11.495
11 15 184 39.462
11 132
4.635
S,ot7
14.947
9 9
to,266
493 l4,tOS
14 nal 376 00.190)
14 3SO 396 69.224
2S 365 S80 108 NIl;
95
o
Total expendiluJes
ExI:ess (de6dency) of_
over ecpenditures
Other financing SOUttl!S (uses) - operating
transfeIS in (out)
Revenues:
l'Ioperty taxes
Use of money and p.ut""'l)
Intergovemmental revenue
Charges for service
Other_
Tota1_
Expenditures:
Redl!\aop...eut y...jo..t>.
Capital outlay
Debt service:
Principa1 retin!meftt
~ aDd fiscal dwges
Current alSIs
o
o
Exhibit 12
CITY OF SAN BERNARDINO, CALIFORNIA
Combining Slalemerlt of Revenues, ExpendiIuJes and
Changes in Fund JlaIances (Deficit) - All Capital Projects Funds
Year ended June30, 1991
(In thousands)
N_Pmiect
Public Puk
Ext-aIftft
Sbeet
Co-.tion
$
1,182
8
1.190
2
14
2.233
2
14
? ?':n
(2)
(14)
(1,1lC)
685
ExI:ess (de6dency) of_
aDd other SOUttl!S over
l!lCpl!Ilditure aDd other uses
Fund "'1.~ (accmnuJated
deficit), July 1, 1990
Fund baIanees (accmnuJated
deficit), June 30,1991
(2)
(14)
(358)
128
154
557
$
126
140
199
96
Puk
CoDStmc:lion
Fee
420
582
32
U134
542
542
492
492
1.506
1.998
o
o
,. . z SewerLiDe Iadiul Blago SlaaD DrlIiD CeIfIfl...... of Special
r---...lfOtI_ ,. . - c.HI-t r............Mi_ PutidDRlion .. - 1-
159 553
13 6
942
10 10 148 88 26
10 10 161 1.1130 185 559
3S 48 Z77 1,1)63 10 646
280 104
127 58
3S 48 Z77 1.1163 417 808
(25) l38) (116) t'33) (232) (249)
820 18 407
(25)
7112
(116)
(15)
175
(249)
60
6.188
430
?~?n
(448)
(458)
3S
6.9?Il
314
2605
f273)
l'107l
97
o
o
Exhibit 12-2
CI1Y OF SAN BERNARDINO, CALIFORNIA
Combining Statement of RevenUES, Expenditun!s and
Change; in Fund &1_..... (Deficit) - All Capital Projects Funds, Continued
Year ended JWle 30,1991
(In thousands)
RedlP.WPlmnn..... A......~
Mt. Vemon
Central aty CeIltraI Oty CeIltraI aty B.......
Pmiects North West t"ftMdor
Revenues:
Prc.~ I) taxes $ 483 225 17
Use of IIIOIll!f and pope.ty 47.3 355
IntergovemmentaJ revenue
Charges for service
Olhe. revenues 51 712
Total revenues 1.1107 1.292 17
1!xpeIlditures:
Redeoelopment projeds 1,ll6S 523 8 398
CapitaJ outJay
Debt serviQ!:
PrincipaI relin!ment 98
Interest and fiscal c:Iwges 175 78
Olhe. 17
Total expenditun!s 1.355 601 8 398
Excess (deficiency) of revenues
over expencIiIwes (348) 691 9 (398)
Olhe. financing soun:es (uses) - operating
lraDsfeIS in (out) !9831 13401 (41
Excess (deficiency) of revenues
and other ISOUl'teS over
expenditures and other uses (1,331) 351 5 (398)
Fund balances (accumulated
deficit), July 1, 1990 7.627 6.378 (92()) (.(43)
Fund balances (accumulated
deficit), J...... 30, 1991 $ 6.296 6.729 (9t51 (MIl
98
o
o
:Redevelo.......... /l---.....
!kl...1heMt
0peratiaD l'ukiag .....lIItrial
Nvdh........A Seatad "_NIl DUtdct Pule. South Valle StateCDD_
410 788 451 3,185
199 100 669 440 1,448
77 15 14 343
636 100 15 1.471 891 4.976
1,907 300 4 955 192 1,313
32 157 80
2 48 64 30
1.939 300 6 1.160 256 1.423
(1,303) (200) 9 311 635 3,553
1269) 0.269) (613) (2.716)
(1,572)
(200)
9
(958)
22
tf51
1.018
(346)
11,333)
19.627
2.569
18.860
1554)
(546)
11.324)
18.669
2.591
19.697
99
U.
o
o
Exhibit 12-3
CITY OF SAN BERNARDINO, CALIFORNIA
CombUUng Statement of Revenues, Expenditwes and
Changes in Fund Rala~ (Deficit) - All Capital Projects Funds, Continued
Year ended June 30, 1991
(In thousands)
TJi-citv
Revenues:
Flop..t).laxes
Use of mcmey and property
Inteae_..Aumental revenue
Cbuges lor service
Other revenues
$
1,174
609
TotaI_
1.783
Expenditures:
Rede-.!."I"-'~,t projects
Capita1 outlay
Debt service:
Princ:ipII ~t
Interest and fisca1 charges
Other
251
58
22
Total ""P"""'1lun!s
331
l!lu:ess (deficiency) of revenues
CM!!l" expeDditures
Other fina1Icing lIOUIa!S (uses) - opemling
tJaDsfeIs in (out)
l!lu:ess (deficiency) of revenues
and otIIa lIOUI'CeS CM!!l"
expenditures and other uses
1,452
l7Il4)
748
Fund baIanas (ac:cumulaled
deficit), July 1, 1990
Fund baIanas (ac:cumuIaled
deficit), June 30, 1991
6.248
$
6.996
100
Recleftlooment A........
UplDwD
Proiect Ala
Total
1ledne1opmeDt
A-
250
140
6,983
4,433
1.162
390
12.S711
130
7,1l46
9
425
428
17
139
7.916
251
4,662
(I46)
17 .Il44)
105
(2,3S2)
154
59.439
259
!/7JS7
Ca1tara1
Deftlo)llDellt
Co-.:tioA
Fee
80
80
142
142
(62)
(62)
62
o
Stnoet
TDffic HF""g'
Verd--" 5...- . S..........4...tr: ToIiIl
2,7lX3 10,398
67 4 4.523
1,682
268 1,792
15 766 '?~II;
67 2&'3 3.473 20.660
7,l146
56 119 2,760 7,947
183 992
134 747
17
56 119 3J17'7 16.749
11 1M 396 3,911
C193l (S.307l
11
C29)
396
(1,396)
3
379
711.62ll
14
3SO
396
69.224
101
o
o
o
Exhibit 13
CITY OF SAN BERNARDINO, CALIFORNIA
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
(Accumulated Deficit) - Budget and ActuaI- All Budgeted Capital Projects Funds
Year ended June 30, 1991
(In thousands)
Public Pade. Rw-aOD
BudRet
Actual
VuiaDoe -
favoJable
lunfavorable)
Revenues:
PropeIty taxes
Use of money and I"ope1t,
Intergovernmental revenue
CIuuges for service
Other revenues
$
Total revenues
E>cpenditures:
Public works
Capital outlay
Debt service:
Principal ,..ti>...."""
In_ and fiscaJ charges
Total expenditures
Exa!ss (deficiency) of reve-
nues over expenditures
156
14
142
156
14
142
(156)
(4)
142
Other financing soun:es (uses)-
operating transfers in (out)
Exa!ss (deficiency) of
revenues and oIher soun:es
over~*uresand
otheruses
284
$
(156)
(14)
426
Fund balances (accumulated
deficit), July 1, 1990
154
Fund \>AI........ (accumuJated
deficit), June 30, 1991
$
140
102
B..do.t
8,516
8.516
(8,516)
(8516)
o
SbHI: C"_......f"Ifi_
Adul
1,182
8
1.190
2,233
?~
0,00)
685
G58)
557
199
VarIuu:e -
favmable
(aDI___h1.\
1,182
8
1.190
6,283
6.2ll'l
1,473
13.756
21.229
o
Pam. C"_.tftuofI_ Fee
BuclRet
69
438
'!I.TT
2,711
2.711
(2,264)
t??I.4)
103
Adul
GI
582
32
1.034
542
542
492
492
1.506
1.998
VarIuu:e -
favmable
f....I........hI..)
351
144
32
521
2,229
???O
2,756
2.756
o
o
Exhibit 13-2
CITY OF SAN BERNARDINO, CALIFORNIA
Combining Statement of Revenues, Bxpendilun!S and Changes in Fund Balances
CAa:umulated Deficit) - Budget and Actual- All Budgeted Capital Projects Funds, Continued
Year ended June3O, 1991
(In thousands)
Revenues:
Property taxes
Use of money and property
IntergovennentaJ revenue
Charges for service
Other revenues
Total revenues
Bxpendilun!S:
Public works
Capital outlay
Debt service:
Princ:ipa11&=~.t
Interest and fiscaI charges
48
35
13
Total expendilun!S
Excess (deficiency) of 11M!-
DUes over expendilun!S
48
35
13
(36)
(2S)
11
Other financing sources (uses) -
"......mog transfeIS in (out)
Excess (deficiency) of
revenues and other sources
over expenditures and
other uses
$
(36)
(2S)
11
Fund baIana:s (accumu1ated
deficit), July 1, 1990
Fund baIana:s (accumulated
deficit), June 30, 1991
60
$
35
104
Bud....
2.756
2.756
0.945>
(1.96)
811
811
o
Sftn!r T 1_. C"................
Adaal
10
10
48
48
(38)
82ll
7112
6.188
6.97D
v.......-
fawable
(.........ble)
(811)
10
(80Il
2,708
2.708
1,907
(82ll)
1.087
Bnd.....
105
ISO
ISO
518
518
(368)
(368)
c
1DdiaD. Bm... !li:.H1_...
Adaal
13
148
161
271
271
016)
016)
430
314
v....... -
fawab1e
(~.~~I.a...~.b1e)
13
(2)
11
241
241
2S2
2S2
-
o
o
Exhibit 13-3
CIn' OF SAN BERNARDINO, CALIFORNIA
Combining Statement of Revenues, Expendituns and Changes in Fund Balances
(Acaunulated Deficit) - Budget and Actual- All Budgeted Capital Projects Funds, Continued
Year ended June 30, 1991
(In thousands)
Slomt Drain Fund COD8tnu:tion
VaDance -
flmmoble
BudRet Actual hUlf_ble)
Revenues:
Property taxes
Use of money and property
Intergovenunental revenue
CJwses for service
Other revenues
$
1,286
942
88
(344)
88
Total revenues
1.286
1.030
(256)
Expenditures:
Public works
CapitaI outlay
Debt servi...
Principal. .<Ii> t
... e...._1
Inlen!st and fiscal charges
Totalexpenclihues
Excess (deficiency) of reve-
nues over expendituns
Other financing sources (uses)-
opel~og transfers in (out)
Excess (deficiency) of
revenues and other IlOUI'a!S
over expendituns and
other uses
2,088
1,(l63
1,ll25
2.Q88
1,(l63
1.()25
(802)
(33)
769
18
18
$
(Am)
(15)
'llrl
Fund balances (acaunulated
deficit), July 1, 1990
2.620
Fund balances (acaunulated
deficit), June 30, 1991
$
2.605
106
BudRet
o
SDeCial J.----...-.
Vaduu:e-
flmuabJe
Actual ,...._hJe)
553
6
553
6
559
559
646
(646)
000
(58)
104
58
808
(808)
(249)
(249)
(249)
(249)
(4S8)
l7IJ'7)
107
o
Caltaral n-.I~tr_~ftn Pee
Vaduu:e -
flmuabJe
BudRet Actual (UDf........hle)
3(17
3(17
3(17
3(17
80
80
l307l
80
(227)
142
042>
142
(42)
(62)
(369)
(62)
(369)
62
.
o~
o
o
Exhibit 13-4
CITY OF SAN BERNARDINO, CALIFORNIA
Combining Statement of Revenues, Expenditun!s and Changes in Fund Balances
(Accumulated Deficit) - Budget and Actual- All Budgeted Capital Projects Funds
Year ended June 30, 1991
(In thousands)
Revenues:
Pro.-ly taxes
Use of money and property
Intergovernmental revenue
Charges for service
Other revenues
Total revenues
Expenditures:
Public wor1cs
Capital outlay
Debt service:
Principa1 retirement
Interest and fiscal charges
613
119
494
Total expenditures
Excess (deficiency) of reve-
nues over expenditun!s
613
119
494
'JS7
164
(123)
Other financing sources (uses) -
opeming transfers in (out)
Excess (deficiency) of
revenues and other sources
over expenditun!s and
other uses
(193)
(193)
$
'JS7
(29)
(316)
Fund balances (accumulated
deficit), July 1, 1990
379
Fund balances (accumulated
deficit), June 30, 1991
$
350
108
_....
o
o
Street:' i.htin.~.....eeoinR Total
V..;~~- v..;~,.. -
favorable favorable
Budut Ac:tuaI (unfavorable) Budut Ac:tuaI (uDf-hle)
2,703 2,703 3,256 3,256
4 4 23 23
69 1,682 1,613
3,447 1,792 (1,655)
766 766 4S7 U177 620
3.473 3.473 3.973 7.830 3.857
317 (317) 317 (317)
2,026 2,760 (734) 19,492 7,fr79 11,613
104 (104)
58 (58)
2.026 3.l177 (1.051) 19.492 8.358 11.134
(2,026) 396 2,422 (15,519) (528) 14,991
1.330 1.330
I? ro,;\
396
2.422
(15.519)
802
16.321
11.498
396
12.300
109
1
0 0
Ilxhibit 14
CITY OF SAN BERNARDINO, CALIFORNIA
Combining Balance Sheet - AD Enterprise Funds
June 30, 1991
(In thousands)
Aaaets Water Sewer Refuse Geothermal Totol
Cunea.t assets:
Cash and iIl...-cdb.._tt5 $ 3.549 11,869 1,146 24 16,588
Aaxlunts zec:eivab1e 4,030 1,416 7.Z2 8 6,176
~ receivobIe 26 26
Due from other funds 1,ll88 1,ll88
Due from other government agencies S09 1,350 2.159
InWDtories 1,214 142 1,356
PIepaid items 110 108 12 230
Totol current assets 9.712 15.999 1.880 32 27.623
Restricted assets:
Cash with fiscal agent 5,l126 489 5,515
N...... receivable 81 300 21 402
Advanc:es to other funds 200 8 208
Totol restric:Ied assets 5.307 '7W 21 6.125
Property, plant and equipment, at CXJSt:
Ulnd 1,157 4,802 5,959
Impovements SO,487 41,594 3,083 95,164
MadIiDeIy and equipment 4,3S8 1,592 5,D74 17 11,()41
Construction in ""0,,._ 8.347 27.6W 36.D44
Totol 1"0......'1), plant and
equipment 64,349 75,685 5,D74 3,100 148,208
Less acamtu1atecI depreciation 119.8271 no.605l C2.951l (454) (33.837)
Net property, plant and
equipment ...~ 65llAO 2.123 2.646 114.37l
Note receivable 240 240
Other assets 478 124 602
Totol assets $ 60.259 82.000 4.003 2.699 148.961
110
0 0
Exhibit 14-2
CITY OF SAN BERNARDINO, CALIFORNIA
CombiDiDg IlaIana! Sheet - AD 1!i.4a Y'. Funds
June 30, 1991
(In tbousancls)
II.hll"'_IIId~ ~1De6dt) WalIOr Sewer -- GeoIh---_1 Total
C......t JiUo'lillaoo
AaxluDls ~ $ 2,349 2,621 175 S,14S
Aa:rued IilI1IIIItIeI 449 19'1 116 762
Due to oIber ...............1II\t Ipl\CieI 296 296
Due to...... funds 640 314 S82 1,S36
DIIpoelt IWliIIty S26 51 S71
CurnDtpodian of~debt 3!lO 622 70 II11l?
TolI1__11,bo'- 4.3S4 3.754 1.308 S82 9.998
Loua.......1W.~
Due to alIIor..........- "8'"""- 2,476 2,476
Cuu..- . 1.9n - 732 187 279 1,198
N_~ 264 3,785 4,049
~__boDcIspayable 4,860 4,860
u.~olr-'&~I:'" 11,248 11,248
Capital..... payable 369 2.002 2.371
Total ~I ~...1iu."UN- 12.613 AJn? ??R1 2.416 26"""
TolI1ljabo'- 16.967 I" lUll:. g589 3.l1!i8 U?f'IIl
I'aIId equity (-..IoIied deficit):
CaaIribaled cap/blI 25,165 51,737 141 77,1)43
........... ......~
delidtl:
RII ..d lor debt oevice - -
ReI "sd .....capiIal~"..-...-t 2,883 10,546 13,429
Pw .....d.farftlft~
llppIIIIlriIlIi 490 490
UN__.....d. 15.244 6.642 (76) ISIJOl 21.310
TolI1 fu1Id equity <-:uum-
IIII8d defidt) ...q~ 69.414 414 C3!!19) 112.761
TolI11i-ilt'-1IId fImcI
equity <0--.......
deIidt) $ 60.259 Jt?tn'l 4.lD3 2.699 14ll.961
111
0 0
Exhibil15
CITY OF SAN BERNARDINO, CALIFORNIA
Combining Statemebl of Reveswes, ExpeDses and
ChangEs in Fund Equity (Aa:umu/ated Deficit) - An Enterprise Funds
Year ended June30, 1991
(In thousands)
Water Sewer lIefue GeothemW Total
Revenues:
Charges (or services $ 11,867 7.586 10,505 157 30,115
Other revenue 453 453
Total revenues 11.867 7.586 10.958 157 30.568
Operating e><pel ....
PencmaI services 4.103 2,504 3,108 116 9,831
Ccmlradual services 2,805 1,324 3,662 22 7,813
Claims expense 400 400
Supplios 349 31 54 1 435
Materials 356 1,143 426 1,925
Utilities 1,304 1,273 10 2,5ffl
Maintenance and rep8ir 768 298 1.518 20 2,604
Capita1 outlays 102 102
Depn!ciation 1,6Q2 1,325 667 72 3,666
Miscellaneous 338 230 110 678
Total "J"'..m.g expenses 11.625 8.128 1O.ll57 231 :JtUNt
Operating ina>me (loss) 242 (542) 901 (4) 527
NOIIOpe>atiug _(expense):
ID_ ina>me 790 1,776 3 2,S69
ID_ and fiscal chazps (716) (395) (J27) (1,238)
Miscellaneous ina>me 1.980 Im9 7 3.006
Tota11lCl1lOJl"1'1l revenue
(expense) 2.054 2.400 (J271 10 4.337
Inaxne (loss) before operating
lraDsf1!Is in (out) 2.296 1,858 774 (64) 4,864
Operating lIansIers in (out) (396) 0.136) (485) l2.Ol7)
Net income (loss) 1,900 722 289 (64) 2,847
Retained earnings (llCICUIIlU1aIed
deficit), July 1, 1990 16.227 16.955 125 (436) "nA'7'l
Retained _gs (llCICUIIlU1aIed
deficit),}une30,I991 18.127 17.677 414 (SOO) 35.718
Contribued capital, July 1, 1990 21,856 49A?O 141 71,467
Additions to conlJibuted capital 3.309 '?~7 5.576
Contributed capital. June 30, 1991 25.165 51.7.37 141 77.043
Fund equity (accwnu1ated
deficit), June 30,1991 $ 43.292 69.414 414 (359) 112.761
112
o
o
TInS PAGE LEFT INI'ENTIONALL Y BLANK
113
0 0
ExIUbit 16
CITY OF SAN BERNARDINO, CALIFORNIA
Combining Statement of Cash Rows-
AD Enterprise Funds
Year encled June 30, 1991
an_)
W_ - Ildue Geot1t__..1 Total
Cash pov;ded by (used in) opentiDg_
OpenIins - (Ioos) $ 242 (5Q) 901 (74) S'Z7
Ad;usm-ts to -opentiDg-(Ioos) to
cash provided by (used ill) .......m...-
DT_v.rtic,.. 1.602 1,325 667 7.Z 3,666
(inaeue)decreueiD__ (2,717) 318 (31) 10 (2,426)
(inaeue) decreueiD..."".tsduefnmt_
flmds 7ff1 (338) 79 528
IDaeMe in......... due fnmt olher gooemments (220) (1,lM4) (1,264)
1Dcnooein_ ClU) (8) (38)
1Dcnooe in I""POicI iloms (9) (11) 1 (19)
ana-ld_iIIolher_ (2S!l) 13 a46)
1Dcnooe(deaaoe) in_poyobIe 1,352 1,184 612 (8) 3,140
IDaeMe in Ila:NOCIIiIbiIiIies 215 ~ 7 25!1
1Dcnooe (d""-l in......... due 10 other
gove-" .. (359) 46 013)
Deaeooe in......... due 10 olherflmds (596) (246) (68) (78) (988)
__in depooitlilbililies 230 6 236
lDaeMe(d""-liD . u.l"l;' 1 abseDc:es
IiobiIity 174 3!l Cl7Sl 38
Net cash porided by (used in) openIins
activities 412 7.Z7 1.960 1 3.100
Cash pov;ded by (used in) -.capiIollinancins-
Othor.....,.,...m.s cash """"-I 1.939 1,178 5 3,122
0per0tiDg_ out C3!l6\ tl.136) 14851 (2.D1'1)
Net cash pov;ded by (uoed in)-.capiIol
linancins activities 1.5a 42 '4M) 5 1.105
Cash pov;ded by (used in) apiIo1linancins-
'"...,.-01__ (8,300) (16,420) (223) (12) C24.955l
Ploceeds fnmtlOleof__ 15 15
PriDCipoI...,-d> on ""'"" poyobIe (86) (86)
PriDCipoI pe)u_.tson -__bonds (445) (445)
PriDCipoI.-~~ Oft capital Jeae -L;: tiOIdr (48) (244) (292)
'- poid on1cmg-lonn debt (777) (328) (127) (1,232)
Ploceeds fnmt ___of ""'"" poy_ 3/Rl 3/TO
Ploceeds fnmt ___ of _tifi.A.. 01 pulicipotions 11,464 11,464
CapiIoI allllribulions 3.309 '2.767 SS76
Net cash provided by (used in) apiIo1
........, activities 5ST7 nO.9991 (59.() t1.21 lI.mA\
114
o
o
Il>ehibitl~2
CITY OF SAN BERNARDINO, CALIFORNIA
CoalIlinias ",.' ..... ofCooh__
AD 1inIeIprioe.......... Coatinued
CoohpvvicWby (_iDll... . 8..:11._
'..1..-ab.NCeived..__n!lClIi9IbIe
IIIuInce oIl101e ~_a..
--of_to_funds
--
Cooh pvvided byiDWItiDg_
NetinCNMe(~incoshlllldcosh
~
Cooh IlIld cosh equivIJeaIs. J- 30, 19!1O
Cooh 1lIld.... eqaivoIeals, J- 30, 1991
So -.,of............t~~llIldfi-~""s
-
Land ntamed &om Reel... Ikf.--d Apacy
r~ofIlOlleJeC:lllinbleflumRedI\~ .....t
Apacy
Aoquioition of fixed_
__ofcapita1_oII"I" .
SoIeoffixed_
__of__
On ............)
w_
-
$
111
(82)
(1'0
680
(8)
1.57'1
519
1.569
8,051
(11,661)
21mg
)'1:1;8
115
265 18 21.826
1.146 24 22..1m
4,965
(4,965)
(463)
463
320
mill
--
881
"'__.--~.1 Total
9 90
(82)
(168)
3 ''}M
12 2.100
6 rn
o
o
Exhibit 17
CI1Y OF SAN BERNARDINO, CALIFORNIA
Combining IlaJance Sheet - All IntemaJ Service Funds
June30,1991
(In thousands)
AlMa
UDl!lDployment Workers'
~ Com-.~OIl
Assets:
Cashandin.___ds
Aa:ounts noceivabIe
Due from other funds
Due from other govemznental agencies
Prepaid ecpenses
Mac:hinety and equipment
Less accwnuIated depredation
$
233
5
Net fixed assets
42
TolaIassets
238
42
$
Liabi1ities and
Faad Equity (Accamalaled Deficit)
Liabilities:
Overdraft of cash and im..esh.-d pool
Aa:ounts payable
Aa:rued liabilities
Judgments and claims payable
CapitalIeeses payable
$
6.l196
TolaIl;abiIities
Fund equity (llCCWIIIIIated deficit):
Contributed capital
Retained llII1'IIings (llCCWIIIIIated deficit):
Reserved for capital improYemeDts
1Jnnserved
238
Total fund equity (accwnuIated deficit)
238
TolaItiabililies and fund equity (accwnuIated
deficit)
$
238
42
116
548
5
5,543
(6.ll54)
(6.ll54)
Liability
IDauraDce
2
2
1
7,160
7.161
17.159)
0.159)
2
o
o
Self-m- TeIep....... Data
'U'_1Ih PIIm. MoIiDrDH1 SIIDDGd PIuc~....h t!: Total
151 386
19 1 67
144 144
15 4 19
333 746 2.511 3,590
(106) (448) (1317) O.87ll
'1Z7 298 1.194 1.719
19 243 446 1345 ?'n~
2,192 448 37S 3,563
13 42 108 18 187
7 12 19
12,703
187 1.1711 1357
??no; 677 490 1?M 17.829
S84 S84
6S 6S
(2.186) (499) (628) 145 06.1Cl
12.186) C.atl (44) 145 05.494)
19 243 446 1345 ?'"-&:;;
117
118
o
o
Self.Juvnace Te1epboDe Data
R_1th Plan uftItDmoal S_ ~ftR Total
685 3,l195 962 l,O!16 8,183
1.D83
685 3.ll95 962 1..Q96 9.266
60 1,185 235 309 1.837
51 19 52 720
316 5,448
645 3 32 681
54 340 11 405
9C7 100 290 1,337
106 142 118 366
18 18
148 29 10 210
376 3.154 868 822 11"'"
309 (59) 94 274 0,756)
(36) (36)
309 (95) 94 274 0)92)
022) 762
309 (95) (28) 274 (1,ll3O)
(2A9S) (339) (600) U29) U5.lJ48)
f2.1861 (434) (628) 145 (16m8)
5lI4 5lI4
5lI4
(2.186)
(434)
(44)
145
(]5A94)
119
o
o
Exhibit 19
CITY OF SAN BERNARDINO, CALIFORNIA
Combining Statement of Cash Rows-
All IntemaJ Service Funds
Year ended June30, 1991
(In thousands)
120
~
o
o
Self-1IIauIuIce Te1ephoae Data
'J" 1th Plml ............I SlIDDGIt .... ..,'lnS!: TutU
309 (59) 94 274 (1,756)
106 142 118 366
(14) (1) 1 (23)
(144) (144)
(15) (4) 9 (9)
(34) (194) 101 4 (170)
7 12 19
2600
261 (163) 196 418 883
(261) 281 39 (240) (1,182>
(122) 762
(261) 281 (83) Q4O) (420)
(69) (113) (27) (209)
(36) (36)
03) (13)
018> (113) C27l r.2.1i8)
151 205
181
151 386
(200)
2lIO
(1,170)
1.170
(1,370)
1.370
121
o
o
Exhibit 20
CITY OF SAN BERNARDINO, CALIFORNIA
CombiniDg Statement of Changes in Assets
and Liabilities - An Agency Funds
Year ended June 30,1991
(In thousands)
B51!11ftce,
1!111 Ad BoIIds
lulv L 1990
Additicms
Dedadicms
B:Iol~~.
1_30.1991
Asoels
Cash andin_ts
TolaIassets
$
$
1
1
1
1
Liabilities
Deposits
TolaI6abiIities
$
$
1
1
1
1
11u11IIlIia11leftD....1IoDds
Asoels
Cash and in_ts $ 69 69
Due from other governmental agencies 290 290
TolaIassets $ 69 290 359
Liabilities
Deposits $ 69 290 359
TolaI6abiIities $ 69 290 359
122
o
o
Exhibit 21).2
CITY OF SAN BERNARDINO, CALIFORNIA
Combining Statement of n,~gr in Assets
aDd lJabilities - An Ageacy Funds
(In thousands)
..ISI_", BlIIl-_
. .
Special Deposita TuIv L 1990 Add;';...._ Ded1ldlaM Tmae 30. U91
-'-
Cash ud m...oh.....ts $ 2,'Zl9 lI95 3,174
jr.,..,.......h Jet'eivable 4 (1) 3
Due &om other sovemmmtalllgencies 144 (1")
Total_ $ 2.42'7 lI95 0451 3.177
Liab1Iities
Aa:ounts payable $ 1 1
Aa:rued.1iabiIities 3 3
Due to other sovemmmtalllgencies 40 40
Deposits 2.42'7 904 (98) 3.133
Total liabilities $ 2.42'7 948 098) 3.177
c-"7 PerpetaaI Cue
-'-
Cash llIld i.....oh._ts $ 623 12 635
Total_ $ 623 12 635
lJabDities
Deposits $ 623 12 635
Total liabilities $ 623 12 ~.
123
o
o
Exhibit 20-3
CITY OF SAN BERNARDINO, CALIFORNIA
CombiniDg Statement of Changes in Assets
and Liabilities - AU AgeJq Funds
(In thousands)
bl_'"e, ..I.....~.
PayroD'lr1ut lulv L 1990 Additions DedJldioas 'hm.e 30.1991
~
Cash and in.___.... $ 117 1,1121 1.138
Cash and in..___1s with fiscal agent 7)!t;'/7 2P77 10,384
Aa:ounls receivable 4 4
Tolal_ $ 7.928 3.598 11526
IJabllities
A<xounts payable $ 891 (891)
Aa:rued G_"IGj;es 129 1,405 (392) 1,142
Derened cumpensation payable 9.D94 1.290 10384
Tolalliabilities $ 9"" 3.586 0.2&1\ 11.526
Ar.tT-..-t District f961
~
Cash and in_Is $ 2,313 1,188 OA'U) 2,031
Aa:ounls receivab1e 1 2 3
Tolal_ $ 2.314 1.190 (1.410\ "Q'34
IJablIities
A<xounts payable $ 1 1
Deposits 2.314 1.190 0.471) ?trn
Tolal1iabilities $ 2.314 1.191 0.471) .,nu
124
o
o
Ilxhibit 20-4
CITY OF SAN BERNARDINO, CALIFORNIA
CombiniDg Slatemeat of Changes in Assets
and UabiIities - All Agemcy Funds
(In thousands)
Bal._ce, ..1_.....
}obit Powen plft_";.., AatIuNity Talv L 1990 AcIcIitl..... DedwuoM__ I'llDe 30. 1991
A..-
Aa:olmIs receivable $ 972 lMO 19'1Sl 1.a7
TotaI_ $ 972 1.440 lml 1.a7
Li8bilities
Overdraft ofcash and in.__d pool $ 823 1,759 0,44S) 1,137
Aaoomls payable 149 046) 3
Deposits 'B7 'B7
ToIaI1Uobi1ities $ 972~ ,~ 1.591 l.A31
TotalI- All AsaqhDds
A..-
CashaDdin,,~_,1s $ 5,402 3,116 0,471)) 7,lM8
c.h and in_Is with fisca1 ageDt 7,tm 2,577 10,384
Aa:olmIs receivable 981 1M2 (976) 1,441
Due from other govemmenlII1 agendos 144 2!10 Cl441 2!10
Total assets $ 14.334 7.m C2.5901 19.169
T;.1w'~
Overdraft of cash and im.__ pool $ 823 1,759 0,44S) 1,137
.A~-"'payable 149 893 0,ll37) 5
Aa:rued Iillbi1ilies 129 1,408 (3921 1,145
Due to other govemmenlII1 agendos 40 40
Deposits 5,j34 2,693 0,669) 6,458
Delem!d ~or--'iun payable 9.ll94 1.2!1O 10.384
ToIaI1iabi1ilies $ 15.629 8 IlIA (4.5a1 19.169
125
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TInS PAGE LEFT INTENTIONALLY BLANK
126
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CITY OF SAN BERNARDINO, CAUFORNIA
Statistical Section
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CITY OF SAN BERNARDINO
GENERAL GOVERNMENTAL EXPENDITURES BY FUNCTION. ALL GOVERNMENTAL FUND TYPES
PRIOR TEN YEARS
(IN THDUSANDSl
FISCAL YEAR GENERAL
ENDED JUNE 3D GOVERNMENT
PUBLIC
SAFETY
PUBLIC
WORKS
CULTURE
& RECREATION
TOTAL
CURRENT
EXPENDITURES
(EXCLUDING OTHER OTHER
EXPENDITURES) EXPENDITURES
TOTAL
EXPENDITURES
(INCLUDING OTHER
EXPENDITURES)
1981 11,152 15,728 5,387 4,313 36,580 12,468 49,048
X OF CURRENT 30X 43% 15X 121 100
X OF TOTAL 23X 321 llX 91 75X 25X 100
1982 8,545 16,563 5,620 4,662 35,390 8,587 43, 977
X OF CURRENT 24X 47X 161 13% 100
X OF TOTAL 191 38X 13X llX BOX 20X 100
1983 8,188 16,960 5,022 4,936 35,106 26,508 61,614
X OF CURRENT 23X 48X 14X 14X 100
X OF TOTAL 13X 28X ax ax 57X 43X lDO
1984 8,909 19,620 5, 145 5,248 38, 9Z2 33,423 72,345
X OF CURRENT 23X 50X 13X 13X lDO
X OF TOTAL 121 27X 7X 7X 54X 46X lDO
1985 11,406 ZZ,649 5,596 5,653 45,304 49,193 94,497
X OF CURRENT 25X 50X 121 121 lDO
X OF TOTAL 121 24X 61 6X 48X 521 lDO
1986 9,m 25,157 9,711 6,587 51,227 35,008 86,235
X OF CURRENT 191 491 191 13% lDO
X OF TOTAL llX 29X l1X ax 59X 41X 100
.
1987 7,183 27, 032 10,599 6,262 51,676 24,995 76,671
X OF CURRENT 15X 521 21X 121 lDO
X OF TOTAL lOX 35X 14X ax 67X 33X lDO
1988 10,456 2.7,655 9,597 6,203 53,91' 24,599 78,510
X OF CURRENT 191 51X lax 121 lDO
X OF TOTAL 13% 35X 121 ax 69X 31X 100
1989 12,639 30,684 10,380 6,488 60,191 Z3, 695 83 ,886
X OF CURRENT 21X 51X 17X llX lDO
X OF TOTAL 15X 37X 121 ax 72X 2ax 100
1990 18,784 34,924 17,533 7,845 79, 086 25,037 104,123
X OF CURRENT 24X 44X 221 lOX 100
X OF TOTAL lax 34X 17X ax 76X 24X lDO
1991 Z3. 090 40,197 11, 802 8,169 83,258 21,663 104,921
X OF CURRENT 2ax 48X 14X lOX 100
X OF TOTAL 221 38X llX ax 79X 21X 100
***AMDUIITS FOR FISCAL YEARS 1982 EXCLUDES
ACTIVITY OF THE ECONONIC DEVELOPMENT AGENCY'"
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