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CIT OF CARLSBAD - AGEND BILL
1985-86 COMPREHENSIVE ANNUAL FINANCIAL B# PfsA TITLE:
)EPT. FIN
RECOMMENDED ACTION:
REPORT flTG. 1/6/87
Accept the 1985-86 Annual Financial Report.
ITEM EXPLANATION:
Each year the Finance Department prepares an audited annual financial
report for the City Council, City Manager and public. This report provides
a summary of the City's financial position on June 30th of each year
including cash balances, revenues, expenditures, fund balances, total
assets, liabilities, and a wealth of other information.
During 1985-86, the City staff of about 350 full-time employees provided
a full range of City services to the 50,000 residents and many businesses
in Carlsbad.
1985-86, up $14.7 over 1984-85. This increase can be traced to the City's
commitment to the construction of major capital improvements and attention
to infrastructure maintenance needs.
Spending on all City programs totaled $40.7 million in
Total City revenues also rose during 1985-86 by $7.4 million or 19.2%
reaching $45.5 million by year end. This increase is due to a combination
of factors including very strong development activity, substantial assessed
valuation growth, and increased tax revenue from the growing retail sales
base.
City assets totaled $122 million up $26 million over 1984-85, an increase
of about 28%. This change reflects the increased cash balances at June 30
due to developer fees paid into capital project funds and an increase in
the value of fixed assets (including land) owned by the City.
The Finance Director's introductory letter provides an overview of the
entire report.
FISCAL IMPACT:
The City's fiscal position at June 30, 1986 is good. The report addresses
the present condition of the City, as well as a brief assessment of the
City's economic outlook for 1986-87.
EXHIBITS
1985-86 Comprehensive Annual Financial Report for the Cit of
Carlsbad, California. (On file in the City Clerk's Office7
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COMPREHENSIVE
ANNUAL FINANCIAL REPORT
JUNE 30,1986
CITY OF CARLSBAD, CALIFORNIA
MAYOR MARY CASLER
CITY COUNCIL CLAUDE “BUDDY” LEVVIS RICHARD CHICK
ANN J. KULCHIN MARK PtrINE
CITY MANAGER
FRANK ALESHIRE
FINANCE DIRECTOR
JAMES F. ELLlOlT
PREPARED BY FINANCE DEPARTMENT
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~- CITY OF CARLSBAD
~~
Comprehensive Annual Financial Report
Year Ended June 30,1986
TABLE OF CONTENTS
Page
INTRODUCTORY SECTION:
Table of Contents
Letter of Transmittal
Location Map
Certificate of Award
(California Society of Municipal Finance Officers)
List of City Officials
Organization Caart
FINANCIAL SECTION:
Auditors' Opinion
General Purpose Financial Statements:
Combined Balance Sheet-All Fund Types
and Account Groups
Combined Statement of Revenues,
Expenditures, and Changes in Fund
Balances-All Governmental Fund Types
Combined Statement of Revenues and Expenditures-
Budget and Actual (Budgetary Basis)-
All Governmental Fund Types
Combined Statement of Revenues, Expenses, and
Changes in Retained Earnings-
All Proprietary Fund Types
Combined Statement of Changes in Financial
Position-All Proprietary Fund Types
Notes to Combined Financial Statements
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20
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24
25
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TABLE OF CONTENTS, Continued
SUPPLEMENTAL DATA:
Governmental Funds
General Fund:
Schedule of Revenues-Budget and Actual
(Budgetary Basis)
Schedule of Expenditures-Budget and Actual
(Budgetary Basis)
Special Revenue Funds:
Combining Balance Sheet
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances
Combining Statement of Revenues and Expenditures-
Budget and Actual (Budgetary Basis)
Statements of Revenues and Expenditures-
Budget and Actual (Budgetary Basis)
Debt Service Funds:
Combining Balance Sheet
Combining Statement of Revenues,
Expenditures, and Changes in
Fund Balances
Combining Statement of Revenues and Expenditures-
Budget and Actual (Budgetary Basis)
Statements of Revenues and Expenditures-
Budget and Actual (Budgetary Basis)
Capital Projects:
Combining Balance Sheet
Combining Statement of Revenues,
Expenditures, and Changes in
Fund Balances
Combining Statement of Revenues and Expenditures-
Budget and Actual (Budgetary Basis)
Statements of Revenues and Expenditures-
Budget and Actual (Budgetary Basis)
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TABLE OF CONTENTS, Continued 1
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Proprietary Funds:
Enterprise Funds:
Combining Balance Sheet
Combining Statement of Revenues,
Expenses, and Changes in
Retained Earnings
Combining Statement of Changes in
Financial Position
Internal Service Funds:
Combining Balance Sheet
Combining Statement of Revenues,
Expenses, and Changes in
Retained Earnings
Combining Statement of Changes in
Financial Position
Agency Funds:
Combining Statement of Changes in
Assets and Liabilities
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CITY OF CARLSBAD
TABLE OF CONTENTS, Continued
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STATISTICAL SECTION:
(Not covered by Auditors’ opinion.)
General Expenditures by Function,
Last Ten Fiscal Years
General Revenue by Source, Last Ten Fiscal Years
Ratio of General Bonded Debt to Assessed Valuation and
Net Bonded Debt per Capita, Last Ten Fiscal Years
Computation of Legal Debt Margin
Schedule of Direct and Overlapping Bonded Debt
Ratio of Annual Debt Service for General Bonded Debt to
Total General Expenditures, Last Ten Fiscal Years
Revenue Bond Coverage-Water Bonds, Last Ten Fiscal Years
Demographic Statistics, Last Ten Fiscal Years
Schedule of Assessed Valuation, Last Ten Fiscal Years
Construction and Business Activity, Last Ten Fiscal Years
Property Tax Levies and Collections, Last Seven Fiscal Years
Miscellaneous Statistical Information
Schedule of Principal Employers, 1985-86
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I 1200 ELM AVENUE
CARLSBAD, CA 92008-1989 I
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Citp of QCarIs’bab
FINANCE DEPARTMENT
October 29,1986
Honorable Mayor, City Council,
and City Manager
CITY OF CARLSBAD
Carlsbad, California
TELEPHONE
(619) 438-5628
We are pleased to present the 1985-86 Annual Financial Report of the City of Carlsbad to the City Council
and the City Manager. This report includes financial statements of the City, the Housing Authority of the
City of Carlsbad, the Parking and Ruilding Authorities of the City of Carlsbad and the Carlsbad Redevelop
ment Agency, as well as the opinion of our independent certified public accountants, Deloitte Haskins &
Sells.
Background
Carlsbad is located about 35 miles north of the City of San Diego on the Southern California coast. The City
is governed by a five member City Council under the Council/Manager form of government. Carlsbad is a
general law city incorporated in 1952. The City covers about 39 square miles and has a population of about
50,000. Industries in the area include a major regional shopping center, 14 auto dealers, 19 hotels offering
1,445 rooms for tourist lodging, aerospace manufacturing, electronics, several business and light industry
parks, and numerous land developers building single- and multi-family housing in a variety of community
settings.
Services Provided by the City
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The City provides the full range of municipal services normally associated with a municipality including
police, fire, parks and recreation, library, planning and zoning, building and engineering, various main-
tenance services and administration. The City also operates two Enterprise funds, one providing water
service to the residents of Carlsbad and the other providing sewer service to all but a very small portion of
the City. Solid waste collection is provided through a franchise arrangement with a local refuse collection
service.
In addition to the usual city services, Carlsbad offers a variety of programs to help local residents and bus-
inesses. The City operates a redevelopment agency that encompasses 0.4 square miles of the downtown
area, as well as a housing authority that provides 310 low and moderate income families with housing as-
sistance. The City’s Literacy program, funded through a state grant, provides adult education to local area
residents. Carlsbad’s older residents receive assistance through the City’s senior citizen programs. Also,
the City provides major support for the Convention and Visitors Bureau operated in cooperation with the
Carlsbad Chamber of Commerce. Finally, the City has reserved over $200,000for support of the Arts, art pro-
grams, and the purchase of works of art.
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Significant Events and Accomplishments
During985;86theCifyX@7ienced many significant events or accomplishments that may not beevident
from a review of the financial statements. Some of the more important events are summarized below.
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Building Activity-During 1985-86 the City issued permits for the construction of 2,800 homes, up almost
35% from the 198485 level of 2,070 homes. Total building permit valuation increased by about 24% to $264
million in 1985-86 from $213 million in 1984i85.
Growth Control-The City Council responded to this increasing level of development by establishing the
City’s first comprehensive growth management program. Under this program developers will be allowed to
build only if all infrastructure improvements required by the development are financed and constructed as
part of the development. Standards for all types of infrastructure have been established by the City Council.
Construction of Capital Projects-1985-86 was a landmark year for the City in the area of construction of
capital projects. Several major capital projects begun during 198586 will be completed in early to mid 1986-87
providing additional parks, streets, parking lots, bridges and office buildings. Some of the more important
projects include:
Public Safety Center-This 55,000 square foot facility will house the City’s police department and
fire administration offices. The center will include a complete police facility and computer aided
dispatch system. This first phase of the Public Safety Center will be completed in early 198887. Ad-
ditional phases of construction in t:ie future will provide maintenance and warehouse facilities.
Stagecoach Park-This site located in the southeast corner of the City will provide 28 acres of ball-
fields, picnic areas and natural areas, as well as an 11,OOO square foot gymnasium and 6,000 square
foot community facility. Stagecoach Park will be completed in mid 1986-87.
Carlsbad Boulevard Bridge-This bridge forms a major link in the coast highway that runs from San
Diego to Oceanside. This bridge was widened from two to four lanes and strenghened to accom-
modate the traffic loads experienced along the coastal route. The bridge was opened to traffic in
August 1986, after a nine month construction period.
Poinsettia Fire Station-The City is adding a new fire station to three existing stations to improve
service to the southwestern quadrant of Carlsbad. This station, scheduled for opening in early
1986-87, will have one engine company staffed by three firefighters.
College Boulevard-In May of 1986 the City sold $9.5 million of 1915 Act assessment district bonds
to finance the construction of College Boulevard. This street will become one of the major links in
the City’s circulation system serving the industrial area near Palomar Airport.
Parking Improvements-The City completed two major parking improvements in 1986. The Main
Library parking lot was expanded from 52 spaces to 98 spaces to accommodate the constant de-
mand for library patron parking. The downtown merchants gained a 61 space parking lot located
near the center of the Carlsbad Village Shopping area.
Financial Statement Format
This report is designed to provide both summarized and detailed information on the operation of each of
the City’s funds. The report is organized as follows:
Financial Section - This section contains the combined or summarized statements for all funds as
well as the notes to the financial statements.
Supplemental Data -This section provides more detailed information on the activity within each fund
including revenues, expenditures, changes in fund balances, comparisons to
budget figures, and other related data.
Statistical Section - This section provides data on the City’s fiscal activity over the past ten years
including revenues, expenditures, debt, assessed valuation, and demographic
information.
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Accounting System and Budgetary Control
The City’s accounting system is designed around a few basic principles.
The City is not one single entity. It is the total of many entities, each with its separate function and legal
restrictions on the use of resources. In the private sector, a corporation may have many “subsidiaries”
which make up the parent corporation; in the public sector, a city government may have a variety of
“funds” that provide the basis for separately recording the financial data related to a specific activity.
A fund is an accounting entity with a complete set of self-balancing accounting records. Each fund has
been established because of some restriction on the use of resources received by that fund. This report
includes the transactions of all entities over which the City Council of the City of Carlsbad has authority
(as defined by the Governmental Accounting Standards Board).
The City’s accounting system operates on a modified accrual basis for all governmental type funds.
Governmental funds include the General, Special Revenue, Debt Service and Capital Funds. A modified
accrual system is one where a) revenues are recorded when received in cash; b) revenues are accrued
when they are both measurable and collectable within the accounting period or soon enough after the
end of the period to pay liabilities of the period; and c) expenditures, other than interest or long term debt,
are recorded when liabilities are incurred.
The proprietary fund types (the Water Utility, Sewer Enterprise and Internal Service Funds) use the ac-
crual method of accounting. Revenues and expenses are ecorded when earned and incurred, reapec-
tively.
Internal controls exist within the accounting system to ensure safety of assets from misappropriation,
unauthorized use or disposition, and to maintain the accuracy of financial record keeping. These internal
controls must be established consistent with sound management practices based on the costlbenefit
of the controls imposed. The cost of a control should not be excessive in relation to its benefit as viewed
by City management. The internal controls in existence within the City’s system are sufficient to ensure
in all material aspects both the safety of the City’s assets and the accuracy of the financial record
keeping system.
Budgetary control is maintained through monthly reports on all revenue and expenditure accounts as
well as special reports summarizing the financial position of the City. The City Council has the authority
to control the budget through adoption of a formal budget at the beginning of each year and by
amending the budget as necessary through the year. Expenditures should not exceed budgeted figures.
All appropriations expire at year end unless specifically carried into the new fiscal year by Council ac-
tion. The Carlsbad Municpal Code requires that the Finance Director annually prepare a budget for the
City Manager showing estimated revenues and expenditures.
Total City Operations
During 1985-86 the City staff of about 350 full-time employees provided a full range of City services to the
50,000 residents and many businesses in Carlsbad. Spending on all City programs totaled $40.7 million in
1985-86, ~~$14.7 million over 1984-85. This increase can be traced to the City’s commitment to the construc-
tion of major capital improvements and attention to infrastructure maintenance needs.
Total City revenues also rose during 1985-86 by $7.4 million or 19.2’/0, reaching $45.5 million by year end. This
increase is due to a combination of factors including very strong development activity, substantial assessed
valuation growth, and increased tax revenue from the growing retail sales base.
The high level of city services and emphasis on maintenance activities has been made possible by the posi-
tive economic climate found in the San Diego County region of Southern California over the past few years.
Carlsbad is entering 1986-87 in avery good financial condition, able to continue to provide services and the
energetic capital improvement program begun in 198586.
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Thefollowing report summarizes the revenues and expenditures ~ ~~ for the ~ City ~~ of Carlsbad ~ at June 30,1986.
Revenue from All Fund Types
General Fund
Special Revenue Funds
Debt Service Funds
Capital Project Funds
Enterprise Funds("
Internal Service Funds(')
TOTAL REVENUE
(In Thousands)
('1 Includes operating and non-operating revenues
1985-86
$24,309
4,490
245
8,034
6,380
2,064
$45,522
Expenditures (or Expenses) All Fund Types
(In Thousands)
1985-86
General Fund
Special Revenue Funds
Debt Service Funds
Capital Project Funds
Enterprise Funds(')
Internal Service Funds(')
TOTAL REVENUE
$21,245
5,358
488
9,116
2,777
1,706
$40,690
(l) Includes operating and non-operating expenses
General Governmental Functions
1984-85
$20,269
3,661
7,087
5,301
1,506
255 '
$38,079
1984-85
$15,614
2,937
465
3,263
2,597
1,152
$26,028
The General Governmental function includes the operations of the General, Special Revenue, Debt Service
and Capital Project funds. During 1985-86 revenue from all Governmental funds totaled $37.1 million, up
$5.6 million over 1984-85; expenditures totaled $36.2 million, up $14.0 million over last year. A brief look at
these numbers on a fund-by-fund basis is shown below.
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GENERAL FUND
The City's General Fund is used to record all revenues and expenditures not specifically restricted by law
or Council policy. Major sources of revenue include property tax, sales tax, licenses and permits, and
charges for services. Major categories of expenditure include police and fire services, libraries, parks, street
maintenance, and administrative functions.
General Fund revenues for 1985-86 totaled $24.3 million, up $4 million or about 19.7% over the 1984-85
revenue of $20.3 million. This increase is due primarily to the following factors:
Property tax increased $1.2 million or 23% over 198485due to the high level of building activity and
the resale of real estate. 1985-86 was a record year for building and property sales for Carlsbad.
According to the County of San Diego, more than $600 million of real estate changed hands during
1985-86.
Sales tax revenue increased $500,000 or 8.7% during 1985-86. This is a relatively strong growth in
sales tax revenue considering that inflation rates for the San Diego County area are below 3%.
Vehicle license fee revenue increased by $340,000 or 36% during 1985-86. The vehicle license fee
is set and collected by the State Department of Motor Vehicles. Although DMV cannot readily pro-
vide statistics for the Carlsbad area, they indicate that the growth in fee revenue is due to an in-
crease in the number of vehicles and a lowering of the average age of vehicles owned by Carlsbad
residents.
Construction permit revenue increased by $340,000 or 32% in 1985-86 due to record levels of
building activity. Building permit valuation totaled more than $263 million on more than 12,000
building permits of all types.
Plan check fees rose by $300,000, or 29%, due to the increased level of building activity.
Miscellaneous revenue jumped by $1.1 million this year due to a change in the method of ac-
counting for services provided to other funds by General Fund departments. The reimbursement
of the General Fund is now reported as revenue in the General Fund and an expense or expendi-
ture in the fund receiving the service. In prior years this recovery had been recorded as an offset
to expenditures in the General Fund.
The following table summarizes General Fund revenues by major category for 1985-86 and 1984-85:
General Fund Revenues 1985-86
(In Millions)
Category
Taxes
Licenses & Permits
Charges for Services
Fines & Forfeitures
Interest Income
Other
TOTAL
1985-86
$ 14.9
4.0
2.9
0.3
1 .o
1.2
$ 24.3
Percent of
Total
61.4 '/o
16.5
11.9
1.2
4.1
4.9
100.0 Yo
5
1984-85
$ 12.8
3.5
2.4
0.4
1.1
0.1
$ 20.3
Percent of
Total
63.1 '/a
17.2
11.8
2.0
5.4
0.5
Increase (Decrease)
$ 2.1
0.5
0.5
<0.1>
<0.1>
1.1
100.0 Yo $ 4.0
General Fund expenditures totaled $21.3 million for 1985-86, up $5.7 million or 36.5% over 1984-85. This
increase% due primarily to the following: ~ ~~ __ .- ___ -- ~~
General Government spending increased by $1.1 million over 1984-85; however, $0.7 million of this
is due to the reclassification of reimbursements for services to other funds as revenues (see above
explanation of General Fund revenues). When adjusted for this change in account, spending on
general government services is up about $500,000 over 1984-85, an increase of 16.6%.
Public Safety spending rose $830,000 or about 12% over 198445. The spending increase is due
primarily to efforts to maintain full staffing and coverage of both police and fire services.
Public Works spending increased by about $3.2 million or 127%. When adjusted for accounting
changes as described above, this increase falls to $2.8 million. This remaining increase reflects the
City’s commitment to monitoring development activities by staffing the engineering department
to meet the demand for services. The City also commited over $2 million more to the street main-
tenance effort in 1985-86 than in the prior year, an increase of 183%.
Culture and Recreation spending rose $470,000, or about 15%, due to the cost of maintenance for
new and existing parks and the general operation of the City’s main and branch libraries.
Total General Fund expenditures are summarized in the table below:
General Fund Expenditures - 1985-86
(In Millions)
Category
Percent of Percent of
1985-86 Total 1984-85 Total Increase
General Government $ 4.1 19.7 ‘/o $ 3.0 19.2% $ 1.1
Public Safety 7.9 37.1 7.0 44.9 0.9
Public Works 5.7 26.8 2.5 16.0 3.2
Culture & Recreation 3.6 16.4 3.1 19.9 0.5
TOTAL $21.3 100.0 o/o $15.6 100.0 o/o $ 5.7
Special Revenue Funds
The City’s Special Revenue funds, which account for the collection and use of special or restricted revenues,
received $4.5 million in total revenue in 1985-86. This is an increase of about $8OO,OOO or 22% over the 1984-85
revenue of $3.7 million. This increase is a direct result of the receipt of a major grant for the reconstruction
of a bridge across the inlet to the Agua Hedionda Lagoon. The following table shows the major components
of Special Revenue Fund revenue sources.
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Category
Taxes
Intergovernmental
Charges for Services
Interest Income
TOTAL
Revenue
1985-86
$ 1.1
2.9
0.1
0.4
$ 4.5
Special Revenue Funds
Revenues - 1985-86
(In Millions)
Total 1984-85 Total (Decrease) Percent of Percent of Increase
$- 29.7 Yo 24.4 ‘/o $ 1.1
64.4 2.1 56.8 0.8 - 0.1
100.0 Yo $ 3.7 100.0 Yo $ 0.8 I
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2.2 -
9.0 0.5 13.5 co.1 >
Expenditures from the Special Revenue funds support a wide variety of programs andprmJeqts.Somxf the
major uses of funds include:
Public works programs such as street maintenance and street lighting.
Cultural programs, including grants from the California Library Services Act, and an Adult Learning
Program.
Capital projects such as the Public Safety Center, the Agua Hedionda Bridge, the main library
parking lot and the Carlsbad beach bluff protection project.
Welfare programs such as the HUD-sponsored Carlsbad Housing Authority rental assistance
program.
Spending in Special Revenue funds totaled $5.4 million in 1985-86, an increase of $2.4 million or about 82%
over 1984-85. As the table below shows, major increases were seen in the capital projects category. This
reflects the City’s emphasis on capital projects during this year.
Special Revenue Funds
Expenditures - 1985-86
(In Millions)
Category 1985-86
Public Works $ 0.7
Culture & Recreation 0.2
Capital Projects 3.5
Welfare 1 .o
TOTAL $ 5.4
Percent of
Total 1984-85
13.0 ‘/o $ 0.5
3.7 0.2
64.8 1.4
18.5 0.8
100.0 Yo $ 2.9
Percent of
Total Increase
17.2 ‘/o $ 0.2 6.9 -
48.3 2.1
27.6 0.2
100.0 Yo $ 2.5
Capital Project Funds
Under the accounting definition used by the City, a Capital Project fund is one that accounts for the receipt
and disbursement of monies that are restricted for the acquisition or construction of capital facilities (other
than those financed by Special Assessment or Enterprise funds).
Capital funds for the City of Carlsbad include those supported by the City’s public facilities fee, park in-lieu
(park development) fees, drainage fees, traffic impact fees and general funds ear-marked for capital pur-
poses in the General Capital Construction Fund. In addition, the capital projects supported by the City’s
Redevelopment Agency are included in this group.
Revenue in the Capital funds totaled $8.0 million, up $0.9 million or 13% over the 1984-85 total of $7.1 mil-
lion. This increase is due toa combination of factors, the most prominent of which is the increase in interest
revenue. During 1984-85 and 1985-86, the rapid rate of development has brought a stream of revenue into
the City from charges for services. This has helped to create a cash pool that produced about $1.2 million
in interest revenue this year. Revenue from charges for services rose only slightly although the total revenue
of $6.5 million reflects the high rate of building experienced in the past two years.
7
Category
Capital Project Funds ~ ~~ Revenues - 1985-86
(In Millions)
Percent of Percent of
1985-86 Total 1984-85 Total Increase
Taxes $ 0.3 3.8 '/o $ 0.1 1.4 Oh $ 0.2
Charges for Services 6.5 81.2 6.1 85.9 0.4
Interest 1.2 15.0 0.9 12.7 0.3
TOTAL $ 8.0 100.0 Yo $ 7.1 100.0 o/o $ 0.9
Spending on capital projects totaled $9.1 million, an increase of $5.9 million or 180% over 1984%. The major
emphasis this year was focused on the Public Safety Center, park development projects and a large number
of street improvement and traffic circulation projects. The City Council and City Manager have set a high
priority on completing many key projects in the next fiscal year. The table below summarizes Capital Project
fund expenditures for 1985-86.
Capital Project Funds
Expenditures - 1985-86
(In Millions)
Category
Percent of Percent of Increase 1985-86 Total 1984-85 Total (Decrease)
Public Safety Center $ 4.2
Street Projects 1.1
Major Park Projects 1.6
Redevelopment Area 1.6
Other Projects 0.6
TOTAL $ 9.1
46.2 Yo $ 0.7 21.2 Yo
12.1 1.4 42.4
17.6 0.1 3.0
17.6 0.7 21.2
6.5 0.4 12.2
100.0 Yo $ 3.3 100.0 Yo
Debt Service Funds
$ 3.5
e 0.3 >
1.5
0.9
0.2
$ 5.8
The City's Debt Service funds record the payment of interest and principal on the current portion of out-
standing debt (other than special assessments or revenue bonds). At June 30,1986, the total debt payable
from non-enterprise sources was $3,310,000, comprised of Library, Sewer, Parking Authority and Building
Authority Bonds.
Revenues for 1985-86 are only slightly below revenues for 1984-85. Debt service requirements are relatively
level, so tax rates on General Obligation Bonds are set each year to yield only the amount of revenue neces-
sary to support the debt payments. An additional $210,000 is transferred to the Debt Service funds by the
General Fund to support the Parking and Building Authority debt payments.
Debt Service Funds
Revenues - 1985-86
(In Thousands)
Category
Taxes
Interest
TOTAL
Increase Percent of Percent of
1985-86 Total 1984-85 Total (Decrease)
$ 128 52.2 '/o $ 108 42.4 Oh $ 20
117 47.8 147 57.6 <30>
$ 245 100.0 Yo $ 255 100.0 Yo $ <lo>
8
Expenditures on debt service rose only slightly in 1985-86 due to normal changes in the debt service pay-
ment schedules.
Debt Service Funds
Expenditures - 1985-86
(In Thousands)
-
Category
Principal
Interest
Other
TOTAL
Percent of Percent of Increase
1985-86 Total 1984-85 Total jDecrease)
$ 265 54.3 90 $230 49.6 '/o $ 35
21 8 44.6 232 49.9 < 14>
5 1 .l 3 0.5 2
$488 100.0 Yo $ 465 100.0 '/o $ 23
There were no bonds or other forms of direct city debt issued during 1985-86. During 1985-86 the City's prop
erty tax rate to support general obligation debt totaled .00570% of total assessed value, or about $5.70 on
a home valued at $100,000. Enterprise Operations
Carlsbad operates a Water Utility and a Sewer Enterprise Fund. An Enterprise fund is one where most or all
of the costs involved are supported by user fees. Withir, these funds the City uses many of the accounting
practices applicable to any commerical business including the recording of depreciation on fixed assets
and the allocation of overhead costs from support services. User fees are set on an annual basis to cover
both operating costs and debt service needs.
Revenue in the Enterprise funds totaled $6.4 million in 1985-86, up $1.1 million or about 21 O/O over last year's
total of $5.3 million. This increase is due primarily to additional revenue from sewer connection fees charged
to new development. The table below summarizes enterprise revenue for 1985-86.
Enterprise Funds
Total Operating and Non-Operating Revenues - 1985-86
(In Millions)
Category 1985-86 Total 1984-85 Total Increase Percent of Percent of
Water Utility
Sewer
TOTAL
$ 1.5 23.4 '/o $ 1.4 26.4 '/o $ 0.1
4.9 76.6 3.9 73.6 1 .o
$ 6.4 100.0 Yo $ 5.3 100.0 Yo $ 1.1
Expenses in the Enterprise funds totaled $2.7 million, up only slightly over the 1984-85 total of $2.6 million.
During this same period the number of accounts provided with water andlor sewer service grew from 12,130
to 13,330, an increase of 1,200 accounts or 9.9%.
Enterprise Funds
Total Operating and Non-Operating Expenses - 1985-86
(In Millions)
Category 1985-86 Total 1984-85 Total Increase Percent of Percent of
Water Utility $ 1.3 48.1 '/o $ 1.2 46.2 '/o $ 0.1 53.8 -
TOTAL $ 2.7 100.0 o/o $ 2.6 100.0% $ 0.1
Sewer 1.4 51.9 1.4
Water Revenue bonds outstanding at June 30,1986, totaled $772,000. There were no revenue bonds issued
payable from Enterprise funds during 1985-86.
9
~~ - Internal Service Funds
Internal Service funds are used to account for services provided by a City department for other City depart-
ments. As with an Enterprise fund, the source of revenue is user fees charged to the departments receiving
the service.
SELF-INSURANCE PROGRAM - WORKERS COMPENSATION a GENERAL LIABILITY
The City has been self-insured for Workers’ Compensation since September, 1978. The activity for this pro-
gram is recorded in the Workers’ Compensation Self-Insurance Internal Service Fund. Workers’ compen-
sation claims for 1985-86 amounted to $238,000 compared to $153,000 in 1984-85, an increase of about
$85,000 or 56%. The reserve for estimated claims payable at year end was $256,000. Unreserved retained
earnings totaled $437,000 at June 30,1986.
The General Liability Self-Insurance fund was established near the end of 198081, making this the fifth full
year of operation under the program.Claims expense for 198586 totaled $462,000, up $212,000 or 85% from
the 1984-85 total of $250,000. The reserve for estimated claims payable at year end was $655,000. Unre-
served retained earnings totaled $106,000 at June 30,1986,
CENTRAL GARAGE
The City operates a central vehicle maintenance program servicing both the rolling stock and small
machinery. Operating costs for this program were $734,000 for 1985-86, down $14,000 or 1.9% from the
1984-85 total of $748,000.
Trust and Agency Funds
The City uses Trust and Agency funds to account for assets held by the City for other individuals, entities
or governments. Typically these funds relate to contractors’ cash performance bonds, employee payroll
deductions, or deferred compensastion accounts.
The City held a total of $13.3 million in Trust and Agency funds as of June 30,1986, compared to$3.2 million
at the end of 1984-85. The major increases are found in the deferred compensation fund, which increased
from $450,000 to $670,000, contractor and miscellaneous deposits, which increased from $2.7 million to $2.9
million, and proceeds from assessment district bonds held by the City during construction of College Boule-
vard of $9.7 million.
Cash Management
The City Treasurer is charged with the responsibility of safeguarding the City’s assets, receiving all pay-
ments due the City and investing all inactive funds. This year the City Treasurer earned about $4.1 million
in interest on investments in all fund types from instruments earning from 4.0% to 11.5%. This represents
an increase of about 13.9% over the 1984-85 total of $3.6 million. Funds are invested in various types of notes
and certificates and are fully insured or collateralized. At June 30,1986, theTreasurer had 100°/~ of all avail-
able funds invested. The City’s total portfolio at year end was $57.8 million.
The City Council has adopted a comprehensive investment policy (as required by State law) specifying the
type and term of City investments. This policy has allowed the City Treasurer flexibility without endangering
the safety, liquidity or yield of the total portfolio.
10
~~ Debt Administration- ___________
The ratio of net bonded debt to assessed valuation and the amount of bonded debt per capita are useful in-
dicators of the City’s debt position to management, citizens and investors. These data for the City for the
year ended June 30,1986 are as follows:
Ratio of Debt to Debt
Net general bonded debt $785,000 0.03% $1 6.06
Amount Net Assessed Value Per Capita
This debt represents obligations payable directly from a tax levy applied to property within the City of
Carlsbad. The City’s general bonded debt includes outstanding Library and Sewer Bonds.
Gann Limit - Appropriations Subject to Limit
In 1979, Proposition 4, the “Gann” initiative, was passed. The purpose of this law is to limit government
spending by putting a cap on the total proceeds of taxes that may be appropriated each year. This limit is
increased each year through a formula that takes into consideration changes in the Consumer Price Index
and state per-capita income. When a city reaches this limit, excess tax revenue must be returried to the State
or citizens through a process of refunds, rebates or other means that may be defined at the time. The Gann
limit for the City of Carlsbad has increased steadily since 1979 and still provides the City with a comfort-
able operating margin. The Gann limit for the City of Carlsbad for 1985-86 was $24.5 million, with appropri-
ations of “proceeds of taxes” of only $17 million. This allows the City a margin of $7.5 million.
GANP.1 L I 14 I T
SPEND I NG APPROPRIATION OF PROCEEDS
LEGAL SPENDING LIMIT VS. APPROPRiATlONS
LIMIT OF TAXES . . . . . I .
80-81 ai -a2 82-83 83-84 84-85 85-86
FISCAL YEAS
ESTABLISHED UNDER ARTICLE XI118 OF THE STATE CONSTiTUTiON
11
____ Economic Outlook
Carlsbad has a long history of providing high levels of municipal services. The prospects for this trend
to continue are very good. The City’s strong property and sales tax base provides the foundation for continued governmental services. The north San Diego County region has enjoyed a growing economy
for several years with little sign of slowing.
The only question on the economic horizon is the City’s future growth rate. The past two years have
been record years for development activity. Permits for the construction of more than 2,800 dwelling
units were sold in 1985-86. This record growth has created an environment where Council policy must
address maintaining public services consistent with our past standards. To accomplish this goal the
City Council has implemented a comprehensive growth management system which will guarantee that
facilities will be provided when needed. The long term effects of this plan remain to be seen. The next few
years should show a slowing in the rate of growth without a decline in the interest in development within
the City.
Acknowledgements
This report has been a joint effort by many people from many different areas of responsibility. The
dedicated efforts of Sandra Schmidt, Assistant Finance Director, and her accounting staff, Donna McClain, Mimi Glessner and AI Capuchino, deserve full credit for the preparation and contents of this report. We appreciate Jeff Fisher and Karen Trent of Deloitte Haskins B Sells for the professional way
in which the audit of this financial report was conducted. It has been i! pleasure to work with the Deloitte
Haskins & Sells staff throughout this period. Finally, we extend our thanks to Aletna Rautenkranz, the Information Systems Director, for the word processing effort put into the preparation of this report.
Respectfully submitted,
JAMES F. ELLIOTT
Finance Director
JFE:th
12
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CARLSBA
.. -
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14
ELECTED CITY OFFICIALS
Mary H. Casler, Mayor
Claude A. Lewis, Mayor Pro Tern
Ann J. Kulchin, Council Member
Richard J. Chick, Council Member
Mark V. Pettine, Council Member
Aletha L Rautenkranz, City Clerk
William C. Esterline, City Treasurer
ADMINISTRATION AND DEPARTMENT HEADS
Frank Aleshire, City Manager
Frank Mannen, Assistant City Manager
Ray Patchett, Assistant City Manager
Martin Orenyak, Community Development Director
Vincent F. Biondo, Jr., City Attorney
David Bradstreet, Parks and
Recreation Director
James F. Elliott, Finance Director
Ruth Fletcher, Purchasing Officer
Roger Greer, Utilities/Maintenance
Director
David A. Hauser, Acting City Engineer
Michael Holzmiller, Planning Director
Vincent Jimno, Police Chief
Clifford Lange, Library Director
Jerome N. Pieti, Personnel Director
James Thompson, Fire Chief
CHAIRPERSONS, COMMISSIONS AND BOARDS
Clarence Schle h u ber
Cam i I le M it kevich
Arthur A. Brown
David M. Dunne
John C. Fuller
Richard F. Martin
C. Scott Wright
Linwood J. Van
Jerry Rombotis
John McCoy
Joe Bear
Brian Robertson
Robert Sheppard
Planning Commission
Personnel Board
Building Authority
Parking Authority
Traffic Safety Commission
Library Board
Parks and Recreation Commission
Senior Citizen Commission
Design Review Board
Housing and Redevelopment Committee
Arts Commission
Historic Preservation Commission
Cable Television Foundation
15
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16
__ - AUDITORS OPINION -_ -
Honorable City Council
City of Carlsbad, California:
We have examined the combined financial statements of the City of Carlsbad as of June 30,1986 and for
the year then ended, as listed in the foregoing table of contents. Our examination was made in accordance
with generally accepted auditing standards and, accordingly, included such tests of the accounting records
and such other auditing procedures as we considered necessary in the circumstances.
In our opinion, the above-mentioned combined financial statements present fairly the financial position of
the City of Carlsbad at June 30,1986 and the results of its operations and the changes in financial position
of its proprietary fund types for the year then ended, in conformity with generally accepted accounting
principles applied on a basis consistent with that of the preceding year.
Our examination also comprehended the supplemental combining and account group financial statements
as of and for the year ended June 30,1986 as listed in the foregoing table of contents. In our opinion, such
supplemental combining and account group financial statements, when considered in relation to the basic
combined financial statements, present fairly in all material respects the information shown therein.
SAN DIEGO, CALIFORNIA
October 3,1986
17
CITY OF CARLSBAD
COMBINED BALANCE SHEET
ALL FUND TYPES AND ACCOUNT GROUPS
JUNE 30,1986
I
..~ ~~ ~ WITH COMPARATIVE FIGURES FORJUNE 30,1985 -
Governmental Fund Types
ASSETS
Cash and investments
Receivables:
Loan
Taxes
Accounts
Accrued interest
Due from other funds
Due from other governments
Advances to other funds
Inventory, at cost
Prepaid expenses
Restricted assets:
Cash and investments
Accrued interest
Investment in sewage treatment facility
Property, plant and equipment, net
Amount available in Debt Service funds
Amount to be provided for retirement of
TOTAL ASSETS
general long-term debt
LIABILITIES
Accounts payable
Accrued wages payable
Due to other funds
Advances from other funds
Advances from other governments
Deposits payable
Deferred compensation payable
Estimated claims payable
Payable from restricted assets:
Accrued interest payable
Current portion of revenue bonds payable
General obligation bonds payable
Revenue bonds payable, net of unamortized
discount of $4,936 in 1986 ($6,170 in 1985)
Deferred revenue
Obligations under capital lease
Other payables
TOTAL LIABILITIES
FUND EOUITY
Contributed capital
Investment in general fixed assets
Retained earnings
Fund balances
TOTAL FUND EQUITY
TOTAL LIABILITIES AND FUND EQUITY
See accompanying notes to financial statements.
Notes
3
12
11
4
12
11
7
10
10
8
15
2,14
14
18
~ Spec i a I Debt Capital
General Revenue Service Projects
$1,494,204 $3,743,048 $1,543,718 $22,735,788
-
657,010
31,021
1 10,364
23,615
1,369,618
14,069
79,500
-
- - - - -
-
11,663
7,301
37,769
66,156
-
-
-
87,223
- - - - -
-
- - -
1 16,217
67,302
2,097,827
6,650
-
-
$3,779,481 $3,953,160 $1,569,646 $25,023,784
$ 397,925 $ 350,536 $ - $ 1,081,669 1,076,001 14,836 - 13,604
11,299 17,446 6,300 67,423 - - - 3,467,445
97,882 - - - - - -
- - - -
2,294,256 3,472,460 1,548,708 20,393,643
2,294,256 3,472,460 1,548,708 20,393,643
$3,779,481 $3,953,160 $1,569,646 $25,023,784
I
I
I
1
I
I
I
I
I
I
I
1
I
I
I
I
I
I
I
I
I
I
I
1,
I
I
I
I
~~
Totals
(Memorandum Only)
1986 1985
$ 57,220,364 $40,008,214
Proprietary Fund Types Fiduciary Account Groups
Enterprise Senrice Agency Fixed Assets Term Debt
$1 1,565,014 $2,973,650 $13,164,862 $ -
Internal Fund Type General General Long
- $
11,663
658,865
1,329,751
486,136
174,395
66,156
3,467,445
163,961
173,373
4,874
61 2,955
1,236,952
385,192
168,917
231,014
2,362,542
137,504
121,529
-
1,291,181
90,679
71,435 - -
149,892 -
-
248
24,233
2,165 -
-
82,801
9,878 -
552,931 - - - -
4,590 - - - -
16,440,927 - - - -
10,509,324 821,403 -- 27,136,537 - - - - - 1,548,708
552,931 51 1,460 4,590 -
16,440,927 16,366,933
38,467,264 30,168,685
1,548,708 1,581,354
2,076,731 2,408,177
$1 22,843,260 $96,306,302
- - - - 2,076,731
$40,675,973 $3,821,699 $1 3,257,541 $27~ 36,537 $3,625,439
$ 1,277,659
34,781
71,774 - -
40,822 -
$ 55,381
16,798
153 -
$ 356,989 $ $ 3,520,159 $ 1,309,786
1,156,020 964,396
174,395 168,N 7
3,467,445 2,362,542
97,882 98,940
12,269,665 2,524,492
671,709 449,977
910,597 508,955
-
12,228,843
671,709 - -
910,597
35,903 41,684
140,000 130,Ooo
3,310,000 3,575,000
627,064 - - - -
2,308,777 - - - - - - - 275,783 - - 39,656
4,522,142 982,929 13,257,541 - 3,625,439
- - -
627,064 765,830
2,308,777 2,454,778
275,783 338,136
39,656 76,395
29,005,015 15,769,828
22,256,433 2,190,977
13,897,398 647,793 -
36,153,831 2,838,770 -
- - -
- - -
$40,675,973 $3,821,699 $13,257,541
24,447,410 24,313,417
27,136,537 18,896,668
14,545,191 10,143,706
27,709,067 27,182,683
93,838,205 80,536,474
- -
27,136,537 - - - - -
27,136,537 -
$27,136,537 $3,625,439 $1 22,843,260 $96,306,302
19
CITXECARLSBAD
COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES-
ALL GOVERNMENTAL FUND TYPES
FOR THE YEAR ENDED JUNE 30,1986
WITH COMPARATIVE FIGURES FOR THE YEAR ENDED JUNE 30,1985
REVENUES
Taxes
Licenses and permits
Intergovernmental revenues
Charges for services
Fines and forfeits
Interest income
Miscellaneous revenues
TOTAL REVENUES
EXPEN DITURES
Current:
General government
Public safety
Public works
Welfare
Culture and recreation
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Miscellaneous
TOTAL EXPENDITURES
EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES
OTHER FINANCING SOURCES (USES)
Operating transfers in
Operating transfers out
TOTAL OTHER FINANCING SOURCES (USES)
EXCESS (DEFICIENCY) OF REVENUES AND
OTHER FINANCING SOURCES OVER EXPENDITURES AND
OTHER FINANCING USES
FUND BALANCES AT BEGINNING OF YEAR
RESIDUAL EQUITY TRANSFERS IN
RESIDUAL EQUITY TRANSFERS OUT
FUND BALANCES AT END OF YEAR
See accompanying notes to financial statements.
20
General
Special
Revenue
$14,851,803
3,996,864
2,870,965
288,055
1,066,441
1,234,824
24,308,952
-
4,120,270
7,851,268
5,734,750
3,539,015
-
-
- - -
21,245,303
3,063,649
653,312
(3,667,322)
$1,082,317
2,924,892
58,421
418,841
5,232
4,489,703
-
-
- -
677,560
1,052,-
171,490
3,453,221
- -
2,888
5,357,553
(867,850)
-
(363,289)
(3,014,010) (363,289)
49,639
2,250~ 75
54,442
(60,000)
$ 2,294,256
(1,231,139)
4,705,483 -
(1,884)
$3,472,460
I
I
I
I
1
I
I
I
I
I
I
I
I
I
I
I
I
I
I
Debt
Service
Capital
Projects
Totals (Memorandum Only)
1986
~
1985
$ 128,252 -
-
1 16,977 -
$ 301,947 - -
6,477,443
1,254,962
-
-
$1 6,364,319
3,996,864
2,924,892
9,406,829
288,055
2,857,221
1,240,056
$1 4,096~ 68
3,470,656
2,060,542
8,541,600
345,750
2,638,536
1 19,492
245,229 8,034,352 37,078,236 31,272.744
1,523 - -
265,000
21 8,352
-
8,879,866
-
236,255 -
4,124,793
7,851,268
6,412,310
1,052,394
3,710,505
12,333,087
265,000
454,607
2,888
3,008,056
7,020,105
2,974,480
860,556
3,278,290
4,619,242
230,000
289,000 -
487,875 9,116,121 36,206,852 22,279,729
(242,646) (1,081,769) 871,384 8,993,015
210,000 -
21 0,Ooo
3,038,299
(1 56,000)
2.882.299
(32,646)
1,581,354
'- -
1,8OO,530
18,645,671 -
(52,558)
$1,548,708 $20,393,643
21
3,901,611
(4,186,611)
(285,000)
586,384
27,182,683
54,442
(I 14,442)
788,000
(788,000)
8,993,015
1 8.1 89,668
3,678,744
(3,678,744)
$27,709,067 $27,182,683
CITY OF CARLSBAD
COM BLN EDSTATEM EN J OF REVENUESANQEXPENDlIUEE--- ~
BUDGET AND ACTUAL(6UDGETARY BASIS)
ALLGOVERNMENTAL FUND TYPES
FORTHEYEAR ENDED JUNE30,1986
General Fund Special Revenue Funds
Actual on Variance Actual on Variance
Budgetary Favorable Budgetary Favorable
RNEN U ES Budget Basis (Unfavorable) Budget Basis (Unfavorable)
Taxes $13,819,000 $14,851,803 $1,032,803 $ 1,035,419 $1,082,317 $ 46,898 Licenses and permits 3,160,ooO 3,996,864 836,864 - - -
Intergovernmental
Charges for services 2,260,000 2,870,965 61 0,965 45,000 58,421 13,421
Fines and forfeits 405,000 288,055 (1 16,945) - - -
Interest income 775,000 1,066,441 291,441 125,000 418,841 293,841
Miscellaneous revenues 1,112,963 1,234,824 121,861 1,600 5,232 3,632
TOTAL REVENUES 21,531,963 24,308,952 2,776,989 9,379,083 4,489,703 (4,889,380)
EXPEN DlTU RES
revenues - - - 8,172,064 2,924,892 (5,247,172)
General goverrment 4,993,738 4,525,735 468,003 - - -
Public safety 8,467,259 7,893,787 573,472 - - -
Pub1 ic works 6,138,483 6,029,974 108,509 1,973,967 684,247 1,289,720
Welfare - - - 1,056,079 1,052,394 3,685
Culture and recreation 3,700,481 3,608,976 91,505 398,81 3 182,889 21 5,924
Capital outlay - - - 10,161,511 5,175,441 4,986,070
Debt service: Principal retirement - - - - - -
fiscal charges - - - - - - - - - 2,888 (2,888)
Interest and
Miscellaneous -
TOTAL EXPENDITURES 23,299,961 22,058,472 1,241,489 13,590,370 7,097,859 6,492,511
EXCESS (DEFICIENCY)
OF REVENUES OVER
EXPENDITURES (1,767,998) 2,250,480 4,018,478 (4,211,287) (2,608,156) 1,603,131
OTHER FINANCING
SOURCES (USES)
Operating transfers in
(out) 163,419 (3,014,010) (3,177,429) (718,419) (363,289) 355,130
TOTAL OTHER
FINANCING
SOURCES (USES) 163,419 (3,014,010) (3,177,429) (718,419) (363,289) 355,130
EXCESS (DEFICIENCY)
OF REVENUES AND
OTHER FINANCING
SOURCES OVER
EXPENDITURES AND
AND OTHER
FINANCING USES $ (1,604,579) $ (763,530) $ 841,049 $(4,929,706) $(2,971,445) $1,958,261
See accompanying notes to financial statements.
22
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Debt Service Funds
~ ~~ ~~~~ ~~
Capital Project Funds
Actual on
Budgetary
Basis
Variance
Favorable
Actual on
Budgetary
Basis
$ 128,252 -
Variance
Favorable
(Unfavorable)
$( 12,748) -
Budget
$ 141,000 -
Budget (Unfavorable)
$ 440,000 $ 301,947 - $ (138,053) -
-
5,485,000
198,000
-
-
-
6,477,443
1,254,962
-
-
-
992,443
1,056,962
-
-
- -
120,903
261,903
-
~~~ ~
1.91 1,352 245,229 (16,674) 6,123,000 8,034,352
-
- - -
4,068,110
265.000 265,000
220,344 21 8,352 - 1,992 236,255 - (236,255) - - -
1 9,901,757
-
1,992 16,069,902 3,831,855 487,875
(13,778,757) (8,035,550) 5,743,207 (227,964) (242,646) (1 4,682)
210,000 210,000 2,488~ 61 2,882,299 394,138
394,138 2,488,161 2,882,299 21 0,000 21 0,000
$6,137,345 $ (17,964) $ (32,646) $(11,290,596) $ (5,153,251) $(14,682)
23
CITY OF CARLSBAD
COMBlNEDSTATEMENT OF REVENUES, U(PENSE~~GES-r~R~~~E~~R~l~GS-
ALL PROPRIETARY FUND TYPES
FOR THE YEAR ENDED JUNE 30,1986
WITH COMPARATIVE FIGURES FOR THE YEAR ENDED JUNE 30,1985
OPERATING REVENUES
Metered water sales
Sewer service charges
Sewer connection fees
Other charges for services
Reimbursed expenses
Miscellaneous revenue (expense)
TOTAL OPERATING REVENUES
OPERATING EXPENSES
Personnel services
Office expenses
Repairs and maintenance
Professional services
Insurance
Purchased water
Loss on disposal of property
Bad debt expense
Depreciation and amortization
Fuel
Supplies and parts
Claims expense
TOTAL OPERATING EXPENSES
OPERATING INCOME
NON-OPERATING REVENUES (EXPENSES)
Interest income
Interest expense and fiscal agent fees
Sale of property
TOTAL NON-OPERATING REVENUES
OTHER FINANCING SOURCES
Operating transfer in
TOTAL OTHER FINANCING SOURCES
NET INCOME
Retained earnings, at beginning of year
Prior period adjustment (Note 2)
Retained earnings, at beginning of year,
Retained earnings, at end of year (Note 11)
as adjusted
See accompanying notes to financial statements.
Enterprise
Internal
Service
$ 930,107
1,607,828
2,544,325
336,238
8,380
(88)
5,426,790
878,573
66,256
336,055
823,: 62
11,850
4,090
360,391
(10,878)
265,097 - - -
2,734,626
2,692,164
953,635
(42,531) -
- $ - -
744,075
1,082,899
46
1,827,020
240,154
10,942
56,852
15,133 - - - -
140,040
185,697
85,608
971,790
1,706,216
120,804
210,549
26,926
-
911,104 237.475
- -
3,603,268
10,139,192
154,938
10,294,130
$1 3,897,398
285,000
285,000
643,279
4,514 -
4,514
$ 647,793
Totals (Memorandum Only)
1986
$ 930,107
1,607,828
2,544,325
1,080,313
1,091,279
(42)
7,253,810
1,118,727
77,198
392,907
838,325
11,850
4,090
360,391
(10,878)
405,137
185,697
85,608
971,790
4,440,842
2,812,968
1,164,184
(42,531)
26.926
1,148,579
285,000
285,000
4,246,547
10,143,706
154,938
10,298,644
$1 4,545~ 91
1985
$ 816,247
-
1,437iZ1
1,971,135
1,084,628
496,048
2,969
5,808,248
946,882
68,084
708,762
878,568
9,935
331 9
19,623
388,967
190,176
81,180
404,028
3,699,724
2,108,524
-
978,735
(50,138)
20,787
949,384
- -
3,057,908
7,303,298
(217,500)
7,085,798
$1 0,143,706
24
CITY OF CARCSEAD __ ~~
COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION
ALL PROPRIETARY FUND TYPES
FOR THE YEAR ENDED JUNE 30,1986
WITH COMPARATIVE FIGURES FOR THE YEAR ENDED JUNE 30,1985
SOURCES OF WORKING CAPITAL
Operat ions:
Net income
Items not requiring working capital:
Depreciation and amortization
Gain on sale of property
Loss on disposal of property
Working capital provided by operations
Proceeds from sale of property
Contributions from other funds
Enterprise
Internal
Service
Totals (Memorandum Only)
1986
$3,603,268
265,097
360,391
4,228,756
-
-
-
$ 643,279
140,040
(26,926)
756,393
-
-
60,000
$4,246,547
405,137
(26,926)
360,391
4,9851 49 -
60,000
TOTAL SOURCES OF WORKING CAPITAL 4,228,756
USES OF WORKINS CAPITAL
Acquisition of property, plant and equipment
Decrease in long-term revenue bonds payable
Reduction of deferred revenue
Net decrease (increase) in other restricted
assets and related liabilities
TOTAL USES IN WORKING CAPITAL
NET INCREASE IN WORKING CAPITAL
ELEMENTS OF NET INCREASE (DECREASE)
IN UNRESTRICTED WORKING CAPITAL
Cash and investments
Accounts receivable
Accrued interest receivable
Inventory
Prepaid expenses
Due from other funds
Estimated claims payable
Accounts payable
Accrued wages payable
Deposits payable
Due to other funds
NET INCREASE IN WORKING CAPITAL
623,157
140,000
146,001
39,734
$3,279,864
948,892
-
$4,134,833
78,808
90,679
24,675
(5,320) 8,419
(1,054,205)
(9,073) 19,806
(8,758)
$3,279,864
-
816,393 - --
172,922 - -
172,922
!S 643.471
$1,031,451
2,246
24,233
- -
(401,642)
(1 1,146)
(1,518)
(1 53)
-
$ 643,471
See accompanying notes to financial statements.
25
1985
$3,057,908
388,967
(20,787)
-
-
3,426,088
24.048
37,521
5,0451 49 3,487,657
796,079
140,000
146,001
39,734
1,121,814
$3,923,335
$5,166,284
81,054
114,912
24,675
(5,320) 8,419
(401,642)
(1,065,351)
(10,591)
19,806
(8,91 2)
S 3,923,335
541,713
130,000
109,000
(108,565)
672,148
$2,815,509
$2,303,242
214,123
19,922
-
(1,072) -
(21,545)
296,565
(23,6 1 0)
27,884
$2,815,509
-
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I- _.
CITY OF CARLSBAD
Notes to Combined Financial Statements
- ~. -~ __
June 30,1986
(1) Summary of Significant Accounting Policies
The accounting policies of the City of Carlsbad, California, conform to generally accepted accounting
principles for governmental units. The following is a summary of the more significant policies: I
Description and Scope of the Reporting Entity
The City conforms to the provisions of National Council on Governmental Accounting (NCGA)
Statement No. 3 regarding the definition of the “Reporting Entity.” Accordingly, the general
purpose financial statements include the activities of the various funds and account groups
for which the City Council has effective oversight responsibility. This responsibilty includes,
but is not limited to, the authority to govern, manage, approve budgets, and assume fiscal
accountability.
The financial statements of the City of Carlsbad include the financial activities of the City, the
Housing Authority of the City of Carlsbad, the Parking and Building Authorities of the City of
Carlsbad and the Carlsbad Redevelopment Agency. Their financial operations are closely related
and the City Council has a continuing oversight responsibility over the entities. The oversight
responsibility is determined on the basis of budget adoption, taxing authority, funding and
appointment of the governing board.
The City has an interest of approximately 25% in a joint sewer system known as the Encina Water
Pollution Control Facility. The major owner is San Diego Gas and Electric Company, who includes
the facility in their financial statements. Since the City does not have significant influence over
the management or the operation of the facility, the City accounts for its investment on an equity
basis and excludes the financial statements for the facility.
Fund Accounting
The accounts of the City are organized on the basis of funds or account groups, each of which
is considered to be a separate accounting entity. The operationsof each fund or account group
are accounted for by providing a separate set of self-balancing accounts that comprise its assets,
liabilities, reserves, fund balancelretained earnings, revenues, expenditures or expenses. The
various funds and account groups are summarized by type in the financial statements. Fund
types and account groups used by the City are as follows:
GOVERNMENTAL FUNDS:
General Fund
The General Fund is the general operating fund of the City. All general tax revenues and other
receipts that are not allocated by law or contractual agreement to some other fund are accounted
for in this fund. The fund is used to account for payments made for general operating expenses
and capital improvement costs that are not paid through other funds.
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- CITY OF CARLSBAD - . -
Notes to Combined Financial Statements, Continued
Special Revenue Funds
The Special Revenue Funds are used to account for revenues derived from specific sources that
are restricted by law or administrative regulation to expenditures for specified purposes.
Debt Service Funds
Debt Service Funds are used to account for the accumulation of resources for, and the payment
of, general long-term debt principal, interest and related costs.
Capital Proiect Funds
~ ~~
Capital Project Funds are used to account for financial resources to be used for the acquisition
or construction of major capital facilities (other than those financed by proprietary funds).
PROPRIETARY FUNDS:
Enterprise Funds
The Water Utility Fund and the Sewer Fund are used to account for operations that are financed
and operated in a manner similar to a private business enterprise where the intent of the City
Council is that the costs (expenses, including depreciation) of providing goods and services to
the general public on a continuing basis be financed or recovered primarily through user charges.
Internal Service Funds
Internal Service Funds are used to finance and account for activities involved in rendering
services to departments within the City. Costs of services are accumulated in these funds and
charged to user departments as such costs are incurred.
FlDUClARY FUND:
Agency Funds
The Agency Funds are used to account for assets held by the City in an agency capacity for in-
dividuals and private businesses.
21
ACCOUNT GROUPS:
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CITY OF CARLSBAD
Notes to Combined Financial Statements, Continued
General Fixed Assets Account Group
General Fixed Assets have been acquired for general governmental purposes. Assets purchased
are recorded as expenditures in the governmental fund types and capitalized at cost in this group
of accounts. In the case of gifts or contributions, such assets are recorded in general fixed assets
at fair market value at the time received.
Fixed assets consisting of certain improvements other than buildings, including roads, bridges,
curbs and gutters, streets and sidewalks, and drainage systems, have not been capitalized. Such
assets normally are immovable and of value only to the City; therefore, stewardship for capital
expenditures is satisfied without recording of these assets.
No depreciation has been provided on general fixed assets.
General Long Term Debt Account Grouo
This group of accounts is used to account for General Long Term Debt (backed by the full faith
and credit of the City) including the City’s obligations under capital leases.
(c) Measurement Focus and Basis of Accounting
The proprietary (enterprise and internal service) fund types are accounted for on an “income de-
termination” or “cost of services’’ measurement focus. Accordingly, all assets and liabilities are
included on the balance sheet, and the reported fund equity provides an indication of the eco-
nomic net worth of the fund. Operating statements for proprietary fund types report increases
(revenues) and decreases (expenses) in total economic net worth.
Governmental (general, special revenue, debt service and capital projects) fund types are ac-
counted for on a “spending” measurement focus. Accordingly, only current assets and current
liabilities are included on their balance sheets, and the reported fund balance provides an indi-
cation of available, spendable resources. Operating statements for governmental fund types
report increases (revenues) and decreases (expenditures) in available spendable resources.
Agency funds are custodial in nature (assets equal liabilities) and do not involve measurement
of results of operations.
Governmental and fiduciary fund types use the modified accrual basis of accounting. Revenues
are recognized when susceptible to accrual, i.e., both measureable and available. Available
means collectible within the current period or soon enough thereafter to be used to pay liabili-
ties of the current period. In applying the susceptible to accrual concept to intergovernmental
revenues, the legal and contractual requirements of the individual programs are used as
guidance.
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___ ~_____ c!n OF CPALSBAD __~ ~
Notes to Combined Financial Statements, Continued
Revenues that are accrued include real and personal property taxes, sales tax, interest, and state
and federal grants and subventions. Real property taxes are levied on October 15 against owners
of record at March 1. The taxes are due in two installments on November 1 and February 1 and
become delinquent after December 10 and April 10 respectively. Under the provisions of NCGA
Interpretation 3, property tax revenue is recognized in the fiscal year for which the taxes have been
levied, provided it is collected within 60 days of the end of the fiscal year.
Governmental and fiduciary fund expenditures generally are recognized when the related fund
liability is incurred. Exceptions to this general rule include: (1) principal and interest on long-term
debt, which is recognized when due; (2) prepaid expenses, which are reported as current period
expenditures rather than allocated; and (3) accumulated unpaid vacation, sick leave, and other
employee benefits, which are reported in the period due and payable rather than in the period
earned by employees.
Proprietary Funds use the accrual basis of accounting, i.e., revenues are recognized in the period
earned and expenses are recognized in the period incurred.
(d) Budgetary Data
The City allows these procedures in establishing the budgetary data reflected in the financial
statements:
1. During May or June, the City Manager submits to the City Council a proposed operating
budget for all funds of the City for the fiscal year commencing the following July 1. The
budget includes proposed expenditures and estimated revenues on a line item basis.
Public hearings are conducted at City Council meetings to obtain citizens’ comments during
June. A Citizens’ Budget Review Committee facilitates this process.
Prior to July 1, the budget is legally enacted through passage of an appropriation resolution.
2.
3.
4. The City Manager is authorized to make transfers of appropriated amounts within a fund
and function for up to $lO,OOO. Revisions that alter the total appropriations of any fund or
function must be approved by the City Council. A mid-year budget review is conducted each
year. Any major changes to the adopted budget are approved by the City Council at that
time.
5. Monthly budget control reports are generated to assist the Finance Department and other
departmental heads in controlling the budget.
6. Budgets for all governmental type funds are adopted on the modified accrual basis, except
that encumbrances are treated as budgeted expenditures in the year of incurrence of
commitment to purchase.
7. Expenditures may not exceed budgeted appropriations at the department level. Unencum-
bered appropriations lapse at year end.
29
CITY OF CARLSBAD
8.
9.
Notes to Combined Financial Statements, Continued
On June 30, at the direction of the City Council in the annual budget resolution, the differ-
ence between revenue and expenditures in the General Fund is transferred to the General
Capital Construction Fund (a capital project fund). This operating transfer provides funds
for various capital projects.
For purposes of a budgetary presentation, actual generally accepted accounting principal
expenditures have been adjusted to include encumbrances outstanding at year end.
The following encumbrance amounts existed at year end and therefore were included in the
Statements of Revenues and Expenditures-Budget and Actual (Budgetary Basis) in order
to provide a meaningful comparison of the actual results of operations with the budget:
General Fund
Specia: Revenue Funds
Capital Projects Funds
Investments
Encumbrances
$ 813,169
1,740,305
6,953,781
Investments are stated at cost, which approximates market.
Inventories
Inventories within the various fund types consist of materials and supplies that are valued at the
lower 01 average cost or market and are recorded as expenses when consumed.
Compensated Absences
Vacation pay, which is included in accrued wages payable, is payable to employees at the time
used or upon termination of employment. Vacation days are cumulative up to a maximum of 29
days in any one year for miscellaneous employees and safety employees, and 40 days in any one
year for management employees. Sick leave accrued but unused is cumulative from year to year.
For employees within the merit system, sick leave may not be taken as vacation or compensated
in cash. Permanent miscellaneous employees (as defined) accumulating and maintaining 100
hours of sick leave can convert up to 12 days of sick leave to vacation at a ratio of three sick leave
days to one vacation day. Upon retirement, such employees may also convert accrued and
unused sick leave to extend service time at the rate of 25 sick days to one month of service time.
Self-Insurance
The City is self-insured for general liability and workers’ compensation claims up to $1OO,OOO and
$100,000 per occurrence, respectively. The City purchased outside insurance coverage for
workers’ compensation between $100,000 and $10 million per occurrence.
The City contracts with Bierly and Associates to manage workers’ compensation claims and with
Carl Warren and Company to manage general liability claims. These companies determine the
amounts that must be accrued at year-end for estimated claims payable.
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__ CITY OF CARLSBAD
Notes to Combined Financial Statements, Continued
- _______ __~ ~ ~-
(i) Memorandum-Only Totals
Columns in the accompanying financial statements captioned “Totals (Memorandum Only)” are
presented as additional analytical data and do not present financial statements in accordance
with generally accepted accounting principles.
(j) Encumbrances
Encumbrances accounting, under which purchase orders, contracts and other commitments for
the expenditure of monies are recorded in order to reserve that portion of the applicable appropri-
ation, is employed as an extension of formal budgetary control in the governmental funds. En-
cumbrances outstanding at year end do not constitute expenditures or liabilities, but are reported
as reservations of fund balance for subsequent-year expenditures.
(k) Unbilled Service Receivables
Unbilled service receivables in proprietary funds are reflected in accounts receivable at year end
with a corresponding increase in revenues.
(I) Investment in Sewer Facility
The City has an ownership of approximately 25% in a joint sewer system known as the Encina
Water Pollution Control Facility (the Facility). The City accounts for such investment on an equity
basis. The Facility charges the City usage fees on an equity basis; such charges totaled $795,849
and are classified within professional services expense.
(rn) Fixed Assets - Proprietary Funds
Fixed assets owned by proprietary funds are capitalized at historical cost or fair market value as
of date of contribution. Depreciation is charged to operations using a straight-line method based
on the estimated useful life of the asset.The estimated useful lives of the assets are as follows:
Buildings
Structures and improvements
Sewer, sewer lines and wells
Equipment
Wells, reservoirs and dams
Transmission and distribution lines
Filters and pumps
Fire hydrants
10-25 years
50 years
40 years
4-10 years
10-100 years
40-70 years
10-50 years
50 years
(n) Deferred Revenue
The deferred revenue balances of the Enterprise Fund relate to deposits or in-kind prepayments
for services to be rendered (e.g., sewer installation, etc.).
31
__ CITY OF CARLSBAD
Notes to Combined Financial Statements, Continued
~ - __ ~~
(0) Comparative DataITotals Only
Comparative data for the prior year has been presented in certain of the accompanying financial
statements in order to provide an understanding of changes in the City’s financial position and
operations. Also, certain of the prior year amounts have been reclassified to conform with the cur-
rent year financial statement presentations.
(2) Prior Period Adjustments
Water Utility Fund
In the prior year, the City overstated repair and maintenance expense and accounts payable by
$154,938. This overstatement was corrected during the current year by an adjustment to retained
earnings at beginning of year.
(3) Cash and Investments
A summary of cash and investments as of June 30,1986 follows:
Interest Rates Cost
Cash
Certificates of Deposit
Federal Agency Notes
Treasury Coupons
Miscellaneous Investments
0 - 6.35%
7.05 - 9.50%
7.27 - 8.69%
7.49 - 8.22%
4.00 - 1 1.50%
$ 500,898
31,657,000
7,147,618
3,040,880
15,426,899
$57,773,295
(4) Property Plant and Equipment
Summary of Changes in General Fixed Assets
Balance
July 1.1985 Additions Deletions
Balance
June 30,1986
Land
Buildings
Other
Improvements
Furniture and
Equipment
Construction
in Progress
TOTAL
$ 5,656,682
3,523,822
7,974,627
1,741,537
-
$18,896,668
.$ 4,321,247
2,238,928
207,770
473,388
8? 443.678
$1 5,685,011
32
7,131,259
31 3,883
$ 9,977,929
5,762,750
1,051,138
1,901,042
8,443,678
$7,445,142 $27,136,537
- CITY OF CARLSBAD ~~ ~
Notes to Combined Financial Statements, Continued
A summary of proprietary fund property, plant and equipment at June 30,1986, follows:
Enterprise
Funds
Internal
Service
Funds
Total
Proprietary
Funds
Land, water rights, rights-of-way
Buildings
Structures and improvements
Wells, reservoirs and dams
Transmission and distribution lines
Sewer, sewer lines and wells
Purification, pumps and
Equipment and vehicles
Fire protection services
Construction in progress
TOTAL
Less accumulated depreciation
TOTAL
booster stations
$ 459,206
37,188
37,948
1,289,152
4,068,674
5,090,446
4,684 653,908
5,759
2,657,516
-
1,626,199 - -
$ 459,206
37,188
37,948
1,289,152
4,068,674
5,090,446
4,684
2,280,107
5,759
2.657.916
14,304,881
(3,795,557
1,626,199
(804,796)
15,931,080
(4,600,353)
$1 0,509,324 $ 821,403 $1 1,330,727
(5) Joint Venture - Encina Water Pollution Control Facility
The Encina Water Pollution Control Facility (the Facility) is a sewer system owned jointly by the
Cities of Carlsbad and Vista, the Leucadia Water District, the Buena Vista Sanitary District, the
San Marcos County Water District and the Encinitas Sanitary District. The Leucadia County Water
District is the operator and administrator of the facility and is responsible for the management,
maintenance and operations of the joint system. Ownership percentages were determined by joint
agreement at the time the assets were acquired.
The following is a summary of the facility’s financial information as of June 30,1985, the date of
the most recent audited financial statements.
Operating revenue
Operating expenses
$ 176,000
2,916,000
Operating loss $ (2,740,000)
Contribution from participants $ 3,021,000
Total assets
Total liabilities
Total equity
City of Carlsbad’s investment interest
$66,579,000
$ 1,064,000
$65,515,000
$1 6,440,927
33
CITY OF CARLSBAD
Notes to Combined Financial Statements, Continued
_______ -- - -
(6) Retirement Plan
The City’s permanent employees are covered by the Public Employees Retirement System (PERS) of
the State of California, in which the City participates. The total pension expense of the City for the cur-
rent year was approximately $2,387,000 for current and past service costs.
Pension costs are recorded as expenditures when paid and are funded by monthly contributions from
the City and employees to PERS. Contributions are based on rates set by PERS based on certain
actuarial assumptions, such as length of employment, estimated salary rates, mortality rates,
projected retirement benefits and other factors. The actuarial cost method used is entry age normal
cost.
At June 30, 1986, the plan net assets attributed to the City for benefits totaled $16,128,413, and the
present value of the City’s unfunded obligation for prior service costs totaled $20,632, which will be
funded through the year 2000 from established contribution rates. The excess, if any, of the actuari-
ally computed value of vested benefits to City employees over amounts available in the PERS pension
fund is not determinable under the PERS system of accounting.
(7) Deferred Compensation Plan
The City has established a deferred compensation plan whereby City employees may elect to defer
portions of their compensation in return for retirement, disability and death benefits. Amounts deferred
may not exceed the lesser of $7,500 or 25% of a participant’s “includable compensation,” as defined
in the participation agreement. The City makes no contribution to the plan.
The City does not manage the deferred compensation plan. Instead, employees may choose between
three financial institutions that offer ten different deferred compensation plans.
These financial institutions invest plan assets in a combination of deferred compensation options in-
cluding short-term certificates of deposit, bond funds, stock funds, and government securities. At June
30,1986, the amount of the deferred compensation investments (and the resulting deposits recorded
in the Agency Fund) was $671,709.
The City does not indemnify employees against losses incurred in the deferred compensation plans.
Distributions are made upon the occurrence of the participant’s termination, retirement, death or total
disability, and in a manner in accordance with the election made by the participant. All City employees
are eligible for plan participation.
(8) Obligations Under Capital Leases
In 1981 the City entered into an agreement with the City of Oceanside to lease the public parking area
surrounding a regional shopping area. Under the terms of the agreement, the City of Carlsbad agreed
to pay an aggregate amount of $700,040 including interest of 10%. The annual principle and interest
payments are to be $70,000 through 1991 and $1 annually for each of the remaining years of a fifty year
lease. The City’s leasehold interest of $430,152 has been recorded in the City’s general fixed assets.
In 1978 the City participated with the City of Oceanside for purchase of an automated circulation
system for their respective libraries. The City’s leasehold interest of $102,025 is recorded in general
fixed assets. The lease purchase requires annual payments of principal of $1 1,722 through August,
1986 with interest at 5% per annum.
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~-- __ ~
CITY OF CARLSBAD
Notes to Combined Financial Statements, Continued
The following is a summary by years of future minimum lease payments under capital leases (paid from
the General Fund) and the present value of minimum lease payments at June 30,1986:
Year Ending June 30 Annual Minimum Lease Payments
1987 $ 80,680
1988 70,000
1989 70,000
1990 70,000
1991 70,000 I Thereafter 40
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Total minimum lease payments
Less amount representing interest
360,720
84,937
Present value of minimum lease payments $275,783
(9) Lease on Community Development Building
In May, 1986, the City entered into a lease for the building at 2075 Las Palmas Drive. The building is to
be used as the City’s Community Development Center. The departments of engineering, planning and
development services have moved into the Community Development Center.
The term of the lease is four years with an option to extend the lease for up to six additional years.
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General Fund) at June 30,1986:
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Year Ending June 30 Annual Minimum Lease Payments
1987 $234,864
1988 234,864
1989 234,864
1990 195,720
Total minimum. lease payments $900,312
35
CITY OF CARLSBAD
____ - - .__ - ____ -. Notes to Combined Financial Statements, Continued
(10) Long-Term Debt
(a) Revenue bonds
A summary of changes in Revenue Bonds Payable-Proprietary (Water Utility) Fund is shown:
Balance Balance
July 1,1985 Payments June 30,1986
1958 Waterworks Revenue Bonds, prin-
cipal due in amounts ranging from
$40,000 to $47,000 on July 1 of each
year through 1988 (Interest is payable
on January 1 and July 1 of each year at
4.10%) $1 77,000 $ 40,000 $1 37,000
1960 Watenvorks Revenue Bonds, prin-
c.pal due in amounts ranging from
$10,000 to $65,000 on July 1 of each
year through 1990 (Interest is payable
on January 1 and July 1 of each year at
varying rates from 3.875% to 4.25%) 175,000
1970 Waterworks Revenue Bonds, prin-
cipal due in amounts ranging from
$80,000 to $100,000 on July 1 of each
year through 1990 (Interest is payable
on January 1 and July 1 of each year at
varying rates from 6.00% to 6.90%)
TOTAL Revenue Bonds Payable
Less unamortized discount
Less current portion
TOTAL
550,000 80,000 470,000
$902,000 $1 30,000 $772,000
Debt service requirements to maturity are as follows:
Schedule of 1958 Water Revenue Bonds
Debt Service to Maturity
Fiscal Interest
Year Due July 1
1986-87 $ 2,809
1987-88 1,886
1988-89 964
TOTAL $ 5,659
Interest
Due January 1
$ 1,886
964
0
$ 2,850
10,000 165,000
Total
Interest
$ 4,695
2,850
964
$ 8,509
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( 4,936) (140,000)
$627,064
Principal Total Annual
Due July 1 Debt Service
$ 45,000 $ 49,695
45,000 47,850
$137,000 $1 45,509
47,000 47,964
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Year
1986-87
1987-88
1988-89
1989-90
1990-91
TOTAL
Fiscal
Year
CITY OF CARLSBAD
Notes to Combined Financial Statements, Continued
~ ~~~
Schedule of 1960 Water Revenue Bonds
Debt Service to Maturity
Interest Interest Total Principal Total Annual
Due July 1 Due January 1 Interest Due July 1 Debt Service
$ 3,272
3,059
2,759
2,459
1,259
$12,808
Interest
Due July 1
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1986-87
1987-88
1988-89
1989-90
1990-91
TOTAL
$15,185
12,338
9,278
6,000
3,000
$45,801
General Obliaation Bonds
$ 3,059
2,759
2,459
1,259
0
$ 9,536
$ 6,331
5,818
5,218
3,718
1,259
$22,344
$ 10,000
15,000
15,000
60,000
65,000
$165,000
Schedule of 1970 Water Revenue Bonds
Debt Service to Maturity
Interest Total Principal
Due July 1 Due January 1 Interest
$1 2,338
9,278
6,000
3,000
0
$30,616
$27,523
21,616
15,278
9,000
3,000
$76,417
$ 85,000
90,OOO
95,000
100,000
100,000
$470,000
$ 16,331
20,818
20,218
63,718
66,259
$187,344
Total Annual
Debt Service
$1 12,523
11 1,616
1 10,278
109,ooo
103,OOO
$546,417
A summaryof changes in general obligation bonds payable (serviced by the City’s Debt Service
Fund) is as follows:
Balance Balance
July 1,1985 Payments June 30,1986
1962 Series A General Obligation Sewer
Bonds, principal due in amounts
ranging from $4O,OOO to $50,000 on
July 1 of each year through 1988 (In-
terest is payable on January 1 and
July 1 at 3.5% per annum) $1 70,000 $ 40,000 $1 30.000
1962 Series 8 General Obligation Sewer
Bonds, principal due in amounts
ranging from $40,000 to $100,000 on
July 1 of each year through 1991
(Interest is payable on January 1 and
July 1 at rates varying from 3.5% to
3.6%) 440,000 40,000
37
400,000
CITY OFCARLSBAD
Notes to Combined Financial Statements, Continued
Balance Balance
July 1,1985 Payments June 30,1986
1962 Series C General Obligation Sewer
Bonds, principal due in amounts
ranging from $20,000 to $25,000 on
July 1 of each year through 1991 (In-
terest is payable on January 1 and
July 1 at rates varying from 3.7% to
3.75%)
1966 Library General Obligation Bonds,
principal due in amounts ranging from
$15,000 to $25,000 on January 1 of
each year through 1992 (Interest is
payable on January 1 and July 1 at
4.5% per annum)
1967 Carlsbad Building Authority Revenue
Bonds, principal due in amounts
ranging from $25,000 to $35,000 on
December 15 of each year through
1992 (Interest is payable on December
15 and June 15 at 6.0% per annum)
1969 Carlsbad Parking Authority Revenue
Bonds, principal due in amounts
ranging from $75,000 to $125,000 on
October 1 of each year through 1995
(Interest is payable on October 1 and
April 1 at rates varying from 6.3% to
6.4%)
1981 Carlsbad Parking Authority Revenue
Bonds, principal due in amounts
ranging from $40,000 to $150,000 on
February 1 of each year through 2001
(Interest is payable on August 1 and
February 1 at 8% per annum)
TOTAL
165,000 20,000
125,000 15,000
220,000 25,000
$1,025,000 $ 75,000
1,430,000 50,000
$3,575,000 $265,000
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145,000
1 10.000
195,000
$ 950,000
1,380,000
$3,310,000
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CJTY OF CARLSBAD __
Notes to Combined Financial Statements, Continued
Debt service requirements to maturity are as follows:
Schedule of 1962 General Obligation
Sewer Bonds, Series A, Debt Service to Maturity
Fiscal
Year
1986-87
1987-88
1988-89
TOTAL
Fiscal
Year
1986-87
1987-88
1988-89
1989-90
1990-91
1991 -92
TOTAL
Fiscal
Year
1986-87
1987-88
1988-89
1989-90
1990-91
1991-92
TOTAL
Interest Interest Total Principal
Due July 1 Due January 1 Interest Due July 1
$ 2,275 $ 1,575 $ 3,850 $ 40,000
1,575 875 2,450 40,000
875 -0- 875 50,000
$ 4,725 $ 2,450 $ 7,175 $1 30,000
Interest
Due July 1
Schedule of 1962 General Obligation
Sewer Bonds, Series B, Debt Service to Maturity
$ 7,180
6,480
5,760
5,040
3,420
1,800
$29,680
Interest
Due January 1
$ 6,480 5,760
5,040
3,420
1,800
-0-
Total
Interest
Princip-l
Due July 1
$13,660
12,240
10,800
8,460
5,220
1,800
$22,500 $52~ 80
$ 40,000
40,000
40,000
90,000
90,000
100,000
$400,000
Schedule of 1962 General Obligation
Sewer Bonds, Series C, Debt Service to Maturity
Interest Interest Total Principal
Due July 1 Due January 1 Interest Due July 1
$ 2,707
2,338
1,875
1,406
937
469
$ 2,338
1,875
1,406
938
469
0
$ 9,732 $ 7,026
$ 5,045
4,213
3,281
2,344
1,406
469
$1 6,758
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$ 20,000
25,000
25,000
25,000
25,000
25,000
$1 45,000
Total Annual
Debt Service
$ 43,850
42,450
50,875
$1 37,175
Ta alAnnual
Debt Service
$ 53,660
52,240
50,800
98,460
95,220
101,800
$452,180
Total Annual
Debt Service
$ 25,045
29,213
28,281
27,344
26,406
25,469
$161,758
Notes to Combined Financial Statements, Continued
Schedule of 1966 General Obligation
Library Bonds, Debt Service to Maturity
Fiscal
Year
Interest
Due Januarv 1
Total
Interest
Principal
Due January 1
Total Annual
Debt Service
Interest
Due July 1
$ 15,000
15,000
15,000
20,000
20,000
25,000
$ 2,475
2,138
1,800
1,462
1,013
562
$ 4,950
4,276
3,600 2,924
2,026
1,124
1986-87
1987-88
1988-89
198990
1990-91
1991 -92
TOTAL
$ 2,475
2,138
1,800
1,462
1,013
562
$ 19,950
19,276
18,600
22,924
22,026
26,124
$ 9,450 $ 9,450 $18,900 $1 10,000 $1 28,900
Schedule of 1367 Revenue Bonds
Carlsbad Building Authority, Debt Service to Maturity
Fiscal
Year
Interest Due
December 15
Interest Due
June 15
Total
Interest
Principal Due
December 15
Total Annual
Debt Service
$ 5,850
5,100
4,350
3,600
2,850
1,950
1,050
$ 5,100
4,350
3,600
2,850
1,950
1,050
0
$ 35,950
34,450
32,950
31,450
34,800
33,000
36,050
1986-87
1987-88
1988-89
198990
1990-91
1991 -92
1992-93
TOTAL
$1 0,950
9,450
7,950
6,450
4,800
3,000
1,050
$ 25,000
25,000
25,000
25,000
30,000
30,000
35,000
$1 95,000 $238,650 $43,650 $24,750 $18,900
Schedule of 1969 Revenue Bonds
Carlsbad Parking Authority, Debt Service to Maturity
Fiscal
Year
Total
Interest
Principal
Due October 1
$ 75,000
75,000
75,000
75,000
100,000
100,000
100,000
100,000
125,000
125,OOO
Total Annual
Debt Service
$ 58,250
53,506
48,743
43,981
38,400
32,000
25,600
19,200
12,000
4,000
1986-87
1987-88
1988-89
1989-90
1990-91
1991 -92
1992-93
1993-94
1994-95
1995-96
TOTAL
$ 133,250
128,506
123,743
1 18,981
138,400
132,000
125,600
1 19,200
137,000
129,000
$ 335,680 $ 950,000 $1,285,680
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Year
CITY WCARLSBAD -
Notes to Combined Financial Statements, Continued
Schedule of 1981 Revenue Bonds
Carlsbad Parking Authority, Debt Service to Maturity
Total
Interest
Principal
Due February 1
Total Annual
Debt Service
1986-87
1987-88
1988-89
1989-90
1990-91
1991 -92
1992-93
199394
1994-95
1995-96
1996-97
1997-98
1998-99
1999-00
2000-01
TOTAL
$1 10,400
106,400
101,600
96,800
92,000
86,000
80,000
74,000
66,000
58,000
50,000
42,000
32,000
22,000 12,000
$ 50,000
60,000
60,000
60,000
75,000
75,000
75,000
100,000
100,000
1 00,OOO
100,000
125,000
125,000
125,000
150,000
$ 160,400
166,400
161,600
156,800
167,000
161 ,000
155,000
174,000
166,000
158,000
150,oM)
167,000
157,000
147,000
162,OOO
$1,029,200 $1,380,000 $2,409,200
(1 1) Advances To and From Other Funds
Advances to other funds
Fund Amount
General $1,369,618
Capital Projects 2,097,827
TOTAL $3,467,445
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Advances from other funds
Fund Amount
Capital Projects $3,467,445
(Redevelopment Project)
TOTAL $3,467,445
-
CITYOFCARLSBAO __ - -~
Notes to Combined Financial Statements, Continued
(12) Due to and From Other Funds
The following table shows amounts due from funds in the City to other funds within the City:
Due to:
General Self Payroll
Capital Sanit- Ins. Truz-
General Constr. ation Liab. Agency
Fund Fund'.) Fund Fund@) Fund Total
Due From:
General Fund
Street Lighting Fund
HUD-Section 8 Fund
Library Bond Fund
Water Utility Fund
Sanitation Fund
Vehicle Maintenance Fund
Redevelopment Fund
$-
17,315
6,300
-
-
-
$23,615
67,302
$67,302 $71,435
$1,962
11
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$2,165
-
$9,337
54
41
145
102
107
92
$9,878
-
$1 1,299
65
17,381
6,300
71,629
145
153
67,423
$1 74,395
Is) General Capital Construction Fund
(b) Self-Insurance Liability Fund
(13) Line of Credit
The City has a line of credit of $1,000,000. This line of credit was not used as of June 30,1986.
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Notes to Combined Financial Statements, Continued
--_ ~ -
Fund BalanceslRetained Earnings
The following is a summary of reserved and unreserved fund balances and retained earnings as of June
30,1986, with comparative figures for June 30,1985:
Fund Balances:
Reserved for
prepaid expenses
Reserved for
inventory supplies
Reserved for
debt service
Reserved for
advances to
Other funds
Reserved for
encumbrances
Unreserved:
Designated for
approved capital
projects
Undesignated
TOTAL Fund Balances
Totals
Governmental Fund Types (Memorandum Only)
Special Debt Capital
General Revenue Service Projects 1986 1985
$ 79,500 $ 87,223 $ - $ 6,650 S 173,373 $ 116,209
14,069 - - - 14,069 12,288
- - 654,658 2,097,827 2,752,485 668,622
1,369,618 - - 626,689 1,996,307 2,649,079
813,169 1,740,305 - 6,953,781 9,507,255 5,046,441
17,900 6,404,634 - 4,164,591 10,587,125 9,961,986 - (4,759,702) 894,050 6,544,l 05 2,678,453 8,728,058
$2,294,256 $3,472,460 $1,548,708 $20,393,643 $27,709,067 $27,182,683
Totals
Proprietary Fund Types (Memorandum only)
Enterprise Service 1986 1985
Internal
Retained Earnings: Reserved for construction $ 445,851 $ - $ 445,851 $ 662,995
Reserved for debt service 91 1,291 - 91 1,291 887,441
Unreserved:
Designated for approved capital projects 2,221,387 - 2,221,387 1,329,064
Undesignated 10,318,869 647,793 10,966,662 7,304,206
TOTAL Retained Earnings $13,897,398 $647,793 $1 4,545,191 $1 0,183,706
43
t CITY - .___ OF CARLSBAD .- .- -
Notes to Combined Financial Statements, Continued
Reserves for prepaid expenses, inventory supplies and advances to other funds are established to
show that certain assets already committed to other purposes are not available for discretionary ex-
pendi t ure.
Reserves for encumbrances represent commitments related to unperformed contracts for services and
undelivered goods.
Reserves for debt service represent resources legally restricted to the payment of general long-term
debt principal and interest maturing in future years.
Reserves for construction represent commitments related to unperformed contracts for capital con-
struction projects.
Unreserved-designated for capital projects, identifies plans for and restrictions on the future use of
financial resources for approved capital projects.
Unreserved-undesignated represents the fund balance or retained earnings remaining after reduction
for reserved and designated fund balances or retained earnings. In the combined special revenue
funds, this account has a debit balance. Because many projects in the special revenue funds will be
financed out of future revenues, the unreserved-undesignated fund balance represents the amount to
be realized before projects may be completed.
As of June 30,1986, the only funds with a deficit in fund balance were the Redevelopment Fund, a cap
ita1 project fund with adeficit of $2,532,306, and the Library Bond Fund, a debt service fund with adeficit
of $6,038.
Changes in Contributed Capital
Contributed
Capital
July 1, 1985
Enterwise Funds
Water Utility $ 2,425,080
Sewer 19,757,360
TOTAL Enterprise Funds $22,182,440
Internal Service Funds
Additions
Contributed
Cash Assets June 30,1986
Fixed Capital
$- $- $ 2,425,080 - 73,993 19,831,353
$- $73,993 $22,256,433
Workers’ Compensat ion $ 500,000 $- $- S 500,000
General Liability Self-Insurance 850,000 - - 850,000
Central Garage 780,977 - - 780,977
Data Processing - 60,000 - 60,000
TOTAL Internal Service Funds $ 2,130,977 $60,000 $- $ 2,190,977
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(16) Segment Information for Enterprise Funds
The City maintains two enterprise funds that provide water and sewer services. Segment information
for the year ended June 30,1986, was as follows:
Operating revenues
Depreciation and amortization
Operating income (loss)
Non-operating income or (expense)
Net income
Capital contributions Property, plant and equipment
expenses
(at cost):
Additions
Delet ions
Net working capital
Bonds payable from operating
revenues
Total Assets
Total Equity
Water
Uti I i ty
Fund
$1,241,885
137,225
237,967
161,899
2,425,080
(76,OW
2,094 552,415
3,542,223
627,064
9,325,810
7,136,124
Sewer
Fund
$ 4,184,905
127,872 2,768,232
673,137
3,441,369
19,831,353
621,063
8,200,942
-
31,350,163
29,017,707
Total
Enterprise
Funds
$ 5,426,790
265,097 2,692,164
91 1 ,I 04
3,603,268
22,256,433
623,157
552,415 11,743,165
627,064
40,675,973
36,153,831
(17') Assessment District Bond Issues
On March 10, 1986, $460,942 in Assessment District Bonds were issued under provisions of the
Improvement Bond Act of 1911. The bonds were issued to finance a public infrastructure improvements
project in the area located north of Basswood Avenue between Highland Drive and Valley Street.This
project includes construction of a new street (James Drive) complete with curbs, gutters, sidewalks,
street lights, storm drain, sewer, water and all other utilities.
On May 29,1986, $9,570,250 in Assessment District Bonds were issued under provisions of the Improve-
ment Bond Act of 1915. The bonds were issued to finance a public infrastructure improvements project.
The improvement project consists of the construction and improvement of College Boulevard to an
improved paved street that extends from El Camino Real southwesterly to Palomar Airport Road. Street
construction consists of grading, landscaping, irrigation, curb and gutter, sidewalk, raised medians,
traffic striping, sign control, signals and minor drainage structures.
The City has no obligation beyond the balances in the reserve funds for any delinquent assessment
district bond payments. If delinquencies occur beyond the amounts held in the reserve funds, the City
has no duty to pay the delinquency out of any available funds of the City. Neither the faith, credit nor
taxing power of the City is pledged to the payment of the bonds.
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CITY OF CARLSBAD
Notes to Combined Financial Statements, Continued
~ -~ __
(18) Contingencies
(a) The Water Utility Fund of the City and Costa Real Municipal Water District (the “District”) cur-
rently are providing water services to most of the City under the terms of a basis of understanding
negotiated in an effort to settle a law suit between the parties. Such understanding provides for
a functional allocation of responsibilities between the Water Utility Fund and the District with
several significant issues to be resolved by Joint Committee of the parties before a final compre-
hensive agreement is reached. As a result of a final agreement, additional assets andlor liabili-
ties may be transferred among the parties.
(b) Single family Mortgage Revenue Bonds have been issued to provide funds to purchase mortgage
loans secured by first trust deeds on newly-constructed and existing single-family residences.
The purpose of this program is to provide low-interest-rate home mortgage loans to persons of
low or moderate income who are unable to qualify for conventional mortgages at market rates.
Multi-Family Housing Revenue Bonds are issued to provide construction and permanent
financing to developers of multi-family residential rental projects located in the City to be partially
occupied by persons of IC JY or moderate income.
The following is a schedule of all such bonds issued since inception of the programs:
Date Issued Amount
October, 1983
April, 1985
May, 1985
June, 1985
TOTAL
$20,000,000
16,000,000
16,500,000
15,000.000
$67,500,000
The bonds, together with interest thereon, are limited obligations of the City payable solely from
bond proceeds, revenues, and other amounts derived solely from home mortgage and developer
loans secured by first deeds of trust, irrevocable letters of credit, and irrevocable surety bonds.
In the opinion of City officials, these bonds are not payable from any revenues or assets of the
City, and neither the full faith and credit nor the taxing power of the City of Carlsbad, the State
of California, nor any political sub-division thereof, is obligated to the payment of the principal
or interest on the bonds. Accordingly, no liability has been recorded in the General Long-Term
Debt Account Group.
(c) The City is a defendant in certain legal actions arising in the normal course of operations. In the
opinion of management and legal counsel, any liability resulting from these actions will not result
in a material adverse effect on the City’s financial position.
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To account for all financial transactions not accounted for in other funds. The majority of current opera- tion expenditures of the City other than property funds are financed through revenues received by the
General Fund.
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CITY OF CARLSBAD
GENERAL FUND-SCHEDULE OF REVENUES-BUDGET AND ACTUAL (BUDGETARY BASIS)
FOR THE YEAR ENDED JUNE 30,1986
TAXES
Property taxes
Property tax reimbursements
Sales and use taxes
Transient lodging taxes
Franchise taxes
Real property transfer taxes
Cigarette taxes
Trailer coach in-lieu tax
TOTAL TAXES
LICENSES AND PERMITS
Vehicle licenses (in-lieu)
Construction permits
Business licenses
License tax on
new construction
Other
TOTAL LICENSES AND
PERMITS
CHARGES FOR SERVICES
Zoning and subdivision fees
Sales of maps and
publications
Plan checking fees
Engineering fees
Library and parks and
recreation fees
Police service fees
Ambulance fees
Environmental impact studies
Other
TOTAL CHARGES
FOR SERVICES
FINES AND FORFEITS
Vehicle code fines
Other
TOTAL FINES AND FORFEITS
INTEREST INCOME
MISCELLANEOUS
Reimbursed expenditures
Sale of property
Rents
Other
TOTAL MISCELLANEOUS
TOTAL REVENUES
Actual
$ 6,147,812
191,462
6,222,008
1,157,794
586,470
331,062
185,279
29,916
14,851,803
Adjustment
to Budgetary
Basis
$ - - - - - - - -
-.
Actual on
Budgetary
Basis
$ 6,147,812
191,462
6,222,008
1,157,794
586,470
331,062
185,279
29,916
14,851,803
Budget
$ 5,450,000
170,000
6,000,000
1,220,000
585,000
220,000
150,000
24.000
13.819.000
1,282,477 - 1,282,477 1,000,000
1,397,129 - 1,397~ 29 1,000,000
471,470 - 471,470 450,000
835,239 - 835,239 700,000
10,549 - 10,549 10,000
3,996,864 - 3,996,864 3,160,000
83,681 - 83,681 137,000
52,092 - 52,092 37,500
1,353,821 - 1,353,821 1,125,OOO
751,493 - 751,493 348,500
465,841 - 465,841 459,500
13,958 - 13,958 20,000
72,879 - 72,879 70,000
19,762 - 19,762 25,000
57,438 - 57,438 37,500
2,870,965 - 2,870,965 2,260,000
287,633 - 287,633 405,000
422 - 422 -
288,055 - 288,055 405,000
1,066,441 - 1,066,441 775,000
124,739 -
2,457 -
2,881 -
1,104,747 -
1,234,824 -
$24,308,952 $ -
48
124,739 25,000
2.457 12,000
2,881 4,000
1 ,104,747 1,071,963
1.234.824 1.1 12,963 .. ..
$24,308,952 $21,531,963
Variance
Favorable
(Unfavorable)
$ 697,812
21,462
222,008
(62,206)
1,470
11 1,062
35,279
5,916
1,032,803
282,477
397,129
21,470
135,239
549
836,864
(53,319)
14,592
228,821
402,993
6,341
(6,042) 2,879
(5,238) 19,938
610,965
(1 17,367)
422
(1 16,945)
291,441
99,739
(9,543)
(1 $1 19) 32,784
121,861
$2,776,989
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CITY OF CARLSBAD
FOR THEYEAR ENDED JUNE 30,1986
G EN ER At Fl"- SCH EDU Lf 0 F Ex PEN OiTUR ES- WQGET-ANDACTUAL (BUDGETAKBASE- ~
Adjustment
to Budgetary
Basis
Actual on
Budgetary
Basis
Variance
Favorable
(Unfavorable) Actual Budget CURRENT
GENERAL GOVERNMENT
City Council
City Manager
City Clerk
ResearchlAnalysis Group
City Attorney
Finance
City Treasurer
Information Systems
Purchasing
Insurance
Personnel
Planning
Community Promotion
Senior Citizens Programs
Community Assistance
Weed Abatement
Contingencies
Capital Improvements
Building Maintenance
Lease
Development Processing
Service
Other
TOTAL GENERAL
GOVERNMENT
$ 87,498
394,018
4,355
226,778
21 0,347
428,332
20,368
542,700
153,064
82,102
310,301
578,617
255,110
75,244
33,400
30,101
7,325
293,795
35,602
-
$-
14,298
15,393
8,258
174,399
-
-
-
- -
13,500
115,384
8,050
48,411
3,890
2,727
-
-
-
$ 87,498
408,316
4,355
242,171
21 0,347
436,590
20,368
71 7,099
153,064
82,102
323,801
694,001
2551 10
83,294
33,400
7831 2
$ 113,280
406,234
5,260
263,812
202,708
435,238
21,822
812,893
166,004
82,283
306,142
71 6,776
255,111
119,783
33,400
78,900
45,549
29,115
349,383
172,4OO
$ 25,782
(2,082) 905
21,641
(7,639)
(1,352) 1,454
95,794
12,940
181
(1 7,659)
22,775
1
36,439
388
45,549
17,900
52,861
136,798
-
-
11,215
296,522
35,602
224,700
126,513
238,432
139.213
13,577
11,700
224,855
127,513 -
4,120,270 405,465 4,525,735 468.003 4,993,738
PUBLIC SAFETY
Fire Protection
Police Protection
Building Inspect ion
Civil Defense
TOTAL PUBLIC SAFETY
2,668,068
4,351,080
775,665
56.455
12,006
5,413
24,900
200
2,680,074
,4,356,493
800,565
56,655
2,872,482
4,461,751
1,063,544
69,482
192,408
105,258
262,979
12,827
42.519 7,893,787 8,467,259 573,472 7.851.268
PUBLIC WORKS
Engineering
Streets
Maintenance
TOTAL PUBLIC WORKS
2,288,839
3,256,081
189,830
10,813
90,004
7,692
108,509
2,316,941
3,619,643
201,899
6.1 38,483
2,306,128
3,529,639
194,207
6,029,974
17,289
273,558
4,377
295,224 5,734,750
CULTURE AND RECREATION
Parks and recreation
Library
TOTAL CULTURE AND
TOTA L EX PEN 0 ITU R ES
RECREATION
2,109,586
1,429,429
34,035
35,926
43,030
48,475
2,186,651
131 3,830
2,143,621
1,465,355
3,539,015 69,961 91,505
$1,241.489
3,700,481 3,608,976
$22,058,472 $21,245,303 $23,299,961 $81 3,169
49
Carlsbad Triathon
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~~ SPECIAIREVENUE FUNDS
Anden Group Mortgage Revenue Bonds
To account for money available to the City for expenditures incurred due to Anden Group
Mortgage Revenue Bonds.
I
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Civic Arts Program
To account for transfer from the General Capital Construction Fund to support the civic arts
program.
Community Development Block Grant
To account for federal block grant for community development.
Federal Grants
To account for miscellaneous grants from the federal government, including Federal Aid
Urban and Highway Bridge Repairs and Replacement.
To account for receipts and expenditures of money apportioned under Streets and Highways
Code Section 2106,2107 and 2107.5 of the State of California.
Gas Tax
Highway Maintenance
To account for money received from the State of California for street maintenance and
reconstruction.
La Costa Mortgage Revenue Bonds
To account for money available to the City for expenditures incurred due to La Costa Mort-
gage Revenue Bonds.
Library Audio Visual Insurance
To account for revenue received and expenditures or1 rental of audio-visual material.
Low and Moderate Income Housing
To account for money administered by the Carlsbad Redevelopment Agency for designated
low and moderate income housing.
To account for money received by the City under a federal program distributing property con-
fiscated from illegal activities.
To account for revenue sharing grants from the federal government.
Police Asset Forfeiture
Revenue Sharing
Seascape Mortgage Revenue Bonds
To account for money available to the City for expenditures incurred due to Seascape Mort-
gage Revenue Bonds.
Section 8 Housing Authority
To account for federal grant for low and moderate income housing supplemental payments.
State Grants
To account for Slate of California grants including Library Literacy, CLSA and Department of
Transportation grants.
To account for revenue received and expenditures made from property tax assessments for
street lighting.
Street Lighting
51
~~
CITY OF CARLSBAD
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET
JUNE 30,1986
WITH COMPARATIVE FIGURES FOR JUNE 30,1985
-~ ___
ASSETS
Cash and investments
Receivables:
Loan
Taxes
Accounts
Accrued interest
Due from other governments
Prepaid expenses
Anden Group
Mortgage
Revenue Bonds
$14,872
TOTAL ASSETS $14,995
LIABILITIES AND FUND BALANCES
LIABILITIES
Accounts payable
Accrued wages payable
Due to other funds
Advances from other
governments
TOTAL LIABILITIES -
FUND BALANCES (DEFICIT)
Reserved for prepaid
expenses
Reserved for encumbrances
Unreserved:
Designated for approved
capital projects
Undesignated
TOTAL FUND BALANCES
TOTAL Ll AB1 LIT1 ES
AND FUND BALANCES
-
14,995
14,995
$14,995
Community
Civic Development
Arts . Block
Program Grant
$210,835 $290,851
- 11,663 - -
1,750 - - 18,496 - -
$21 2,585 $321,010
$ 18,465 - -
18,465
- - - 66,899
- 301,082
21 2,585 (65,436)
212,585 302,545
$21 2,585 $321,010
Continued on next page
52
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La Costa
Mortgage
Revenue
Bonds
Library
Audio
Visual
Insurance
Low and
Moderate
Income
Housing
$1 54,903
Federal
Grants
$ 882
Highway
Maintenance
$1 43,562 I Gas Tax
$ 206,341 $1 6,896 $70,357
I -
-
1,191 - -
$144,753 $ 213,478 $1 7,036 $70,941 $1 56,189 $ 890
$ 5,641
-
$ 970 - -
5,641 970
-
1 10.447
-
1.179
1,075,000
(1,074,110)
144,753 - 1,315,327
(1,217,937)
207,837
17,036
17.036
156,189
156,189
68,792
69,971 890 144,753
$ 890 $ 213,478 $1 7,036 $70,941 $156,189 $1 44,753
Continued on next page
53
----cir OFdAR -~ ~ ~~ ~~ ~~ SBAD
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET
JUNE 30,1986
WITH COMPARATIVE FIGURES FOR JUNE 30,1985 (Continued)
ASSETS
Cash and investments
Receivables:
Loan
Taxes
Accounts
Accrued interest
Due from other governments
Prepaid expenses
TOTAL ASSETS
LlABlLlTlES AND FUND BALANCES
LIABILITIES
Accounts payable
Accrued wages payable
Due to other funds
Advances from other governments
TOTAL LIABILITIES
FUND BALANCES (Deficit)
Reserved for prepaid expenses
Reserved for encumbrances
Unreserved:
Designated for approved capital projects
Undesignated
TOTAL FUND BALANCES
TOTAL LIABILITIES AND FUND BALANCES
Police
Asset
Forfeiture
Revenue
Sharing
Seascape
Mortgage
Revenue
Bonds
$1,937,009
- - -
15,666 - -
$1,952,675 --
$ 137,413 - - -
$17,920
- - -
149 - -
$18,069
$- - - -
137.413
-
805,643
755,104
254,515
3,351 1,815,262 18,069
$3,351 $1,952,675 $18,069
Continued on next page
54
Section 8
Housing
Authority
$ 92,315
- - - -
47,660
87,223
$227,198
$ 863
6,670
17,381
97,882
122,796
87,223 -
-
17,179
104,402
State
Grants
$ 199,656
- - -
6,487 - -
~ ~
Street
Lighting
$383,326
- -
7,301
3,220 - -
$ 206,143 -
$ 158,486
1,632 - -
$393,847
$ 28,698
6,534
65 -
160,118
-
756,138
2,813,367
(3,523,480)
46,025
35,297
- -
-
358,550
~
Totals
1986 1985
$3,743,048
1 7,663
7,301
37,769
66,156
87,223
$3,953,160
-
t 350,536
14,836
17,446
97,882
480,700
87,223
1,740,305
6,404,634
(4,759,702)
358,550 3,472,460
$227,198 $ 206,143 $393,847 $3,953,160
55
$4,629,343
4,874
8,826
2,887
231,014
72.709
-
$4,949,653
$ 137,321
7,909
98,940
-
244,170
72,709
300,181
5,668,936
(1,336,343)
4,705,483
$4,949,653
CITY OECARLSBAD - - ______ -
SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30,1986
WITH COMPARATIVE FIGURES FOR THE YEAR ENDED JUNE 30,1985
REVENUES
Taxes
Intergovernmental
Charges for services
Interest income
Miscellaneous revenues
TOTAL REVENUES
EXPENDITURES
Public works
Welfare
Culture and recreation
Capital outlay
Miscellaneous
TOTAL EXPENDITURES
EXCESS (DEFICIENCY) OF
REVENUES OVER
EX PEN D ITU R ES
OTHER FINANCING SOURCES
(USES):
Operating transfers in (out)
TOTAL OTHER FINANCING
SOURCES (USES)
EXCESS (DEFICIENCY) OF
REVENUE AND OTHER
FINANCING SOURCES
OVER EXPENDITURES AND
OTHER FINANCING USES
AT BEGINNING OF YEAR
TRANSFERS OUT
AT END OF YEAR
FUND BALANCES
RESIDUAL EQUITY
FUND BALANCES
Anden Group
Mortgage
Revenue Bonds
$-
14,000
995
-
-
Civic
Arts
Program
$-
e -
6,585 -
Community
Development '
Block
Grant
$-
67,034
11,773
1,925
-
14,995 6,585 80,732
6,585
156,000
- - -
24,605
24,605
-
56,127
134,023
156,000 134,023
14,995 162,585 190,150
- 50,000 1 12,395
$14,995 $21 2,585 $302,545
Continued on next page
56
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La Costa
Mortgage
Revenue Bonds
Library
Audio
Visual
Insurance
Low and Moderate
Income
Housing
16 75,487 - -
9,075 -
Federal
Grants
Highway
Maintenance Gas Tax
$599,243 - $-
283,759 $- $- - -
1,406
1,406
-
$-
44,421
5,209
49,630
-
-
-
2,874
286,633
- 80 54,069 -
653,312 84,562
141,880 -
236,228 141,880 21.626
80 - 144,753 41 7,084 1,406 28,004 84,562
- (653,312)
(653,312)
1
8
80 (236,228) 144,753 1,406 28,004 84,562
810 444,065 15,630 41,967 71,627
$144,753 $890 $207,837 - - $17,036 $69,971 $1 56,189
Continued on next page
57
CITY OF CARLSELAD
SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
FORTHE YEAR ENDED JUNE 30,1986
WITH COMPARATIVE FIGURES FOR THE YEAR ENDED JUNE 30,1985 (Continued)
REVENUES
Taxes
Intergovernmental
Charges for service
Interest income
Miscellaneous
TOTAL REVENUES
EXPENDITURES
Public works
Welfare
Culture and recreation
Capital outlay
Miscellaneous
TOTAL EXPENDlTURES
EXCESS (DEFICIENCY) OF REVENUES OVER
EXPENDITURES
OTHER FiNANClNG SOURCES
(USES):
Operating transfers in (out)
TOTAL OTHER FINANCING SOURCES (USES)
EXCESS (DEFICIENCY) OF REVENUE AND OTHER
FINANCING SOURCES OVER EXPENDITURES
AND OTHER FINANCING USES
FUND BALANCES AT BEGINNING OF YEAR
RESIDUAL EQUlPl TRANSFERS OUT
FUND BALANCES AT END OF YEAR
Police
Asset
Forfeiture
Revenue
Sharing
Seascape
Mortgage
Revenue
Bonds - $ 455,941
21 2,975
-
-
668.91 6
- -
1,575,546 -
1,575,546
3,351
- -
3,351 - -
$3,351
(906,630)
(906,630)
2,721,892 -
$1,815,262
1,494
- -
1,494
16,575
$1 8,069
-
Continued on next page
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Section 8
Housing
Authority
$
1,056,072
12,596
-
-
-
State
Grants - $ 1,062,086
68,401
-
-
Street
Lighting
$407,587 - -
31,265 -
1,068,668 1 , 1 30,487 438,852
-
1,052,394 - - -
47,490
149,864
1,616,842
2,888
- 488,190 - - -
1,052,394 1,817,084 488,190
16.274 (686,597)
- -
(49,338)
-
16,274
88,128
$ 104,402
-
(686,597)
734,506
(1,884)
$ 46,025
(49,338)
407,888 -
$358,550
Totals
1986 1985
$ 1,082,317
2,924,892
58,421
418,841
5.232
4,489,703
677,560
1,052,394
171,490
3,453,221
2,888
5,357,553
(867,850)
(363,289)
(363,289)
(1,231,139)
4,705,483
$3,472,460
(1,884)
59
$1,037,066
2,057,849
61,957
502,257
2,134
3,661,263
457,974
860,556
205,480
1,413,244 -
2,937,254
724,009
(548,000)
(548,000)
176,009
4,479,474
50,000
$4,705,483
CITY OF CARLSBAD
SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL(BUDGETARY BASIS)
FOR THE YEAR ENDED JUNE 30,1986 ~~ __
Anden Group
Mortgage Revenue
Bonds Civic Arts Program
Actual on
Budgetary
Basis
Actual on
Budgetary
Basis Budget Budget I
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Taxes
Intergovernmental
Charges for services
Interest income
M i scel I aneous revenue
$-
14,000
995
-
-
Total revenues 14,995 6,585 5,000
EXPENDITURES:
Public works
Welfare
Culture and recreation
Capital outlay
Miscellaneous
Total expenditures 1
I
156,000
Excess (deficiency) of revenues over expenditures 6.585 (1 51.0001 14,995
Other Financing Sources (Uses):
Operating transfer in (out)
Total other financing sources (uses)
156.000
156,000
Excess (deficiency) of revenue and other financing
sources over expenditures and other financing uses $14,995 $1 62,585 $0 51 .OOO)
Continued on next page
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Community
Development
Block Grant Federal Grants Gas Tax
Actual on
Budgetary
Basis
Actual on
Budgetary
Basis
Actual on
Budgetary
Basis Budwt Budget Budget
$ -
545,490
- $
67,034
1 1,773
1.925
-
$ 599,243 - $ 528,419 - -
50,000 - -
54,069 -
80,732 578,419 653,312 545,490 240,986
1,075,000 - - -
1,661,503 -
- - -
91,504 -
91,504
393,421
1,661,503
(1.083.0841
346,675 1,075,000 393,421
(1 52,435) -- 306.637 (529,510) (1 0,772) ., . .
(653,312)
(653,312)
$(346,675) -
(718,419)
(718,419)
134,023
134,023
$(1,801,503) $(529,510) $(152,435) $1 23,251
Continued on next page
61
CITY OF CARLSBAD
SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL(BUDGETARY BASIS)
FORTH E YEAR ENDED-JUN E 30,1986 (Con tin ued) -~
REVENUES:
Taxes
Intergovernmental
Charges for services
Interest Income
Miscellaneous
Total revenues
revenues
EX PEN DlTU REF,:
Public works
Welfare
Culture and recreation
Capital outlay
Miscellaneous
Total expenditures
Excess (deficiency) of revenues over
Other Financing Sources (Uses) I
expend it ures
Operating transfers in (out)
Total other financing sources(uses)
Excess (deficiency) of revenue and other financing
sources over expenditures and other financing uses
Highway
Maintenance
Actual on
Budgetary
Basis
286.633
Budget
$
278,000 - - -
278,000
141,880 - - - -
141,880
144,753
141,880
136,120
$1 44,753 $136,120
La Costa
Mortgage Revenue
Bonds
Actual on
Budgetary
Basis
s, - -
1,406 -
1,406
- - - - -
1,406
-
$1,406
Continued on next page I
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Library Audio
Visual Insurance
Low and Moderate
Income Housing
Police Asset
Forfeiture
Actual on
Budgetary
Basis
Actual on
Budgetary
Basis
Actual on
Budgetary
Basis Budget Budget Budget
$- $7 5,487 $1 10,000 - -
15,000
$-
44,421
5,209
-
-
$- -
45,000
5,000 - -
50,000
-
9,075
3,307
3,351 125,000 84,562 49.630
22,805 25,208
24.792 3,351
-
84,562 125,000 26.825
!3 3,351 $1 25,000 $84,562 $24,792
Continuedon next page
63
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SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES AND EXPENDITURES-BUDGET AND ACTUAL (BUDGETARY BASIS)
FOR THEY EAR ENDED JUNE 30,1986 (Continued)
REVENUES:
Taxes
Intergovernmental
Charges for services
Interest income
Miscellaneous
revenues
Total revenues
EXPENDITURES
Public works
Welfare
Culture and recreation
Capital outlay
Miscellaneous
Total expenditures
Excess (deficiency) of revenues over
expenditures
Other Financing Sources (Uses)
Operating transfers in
(out)
Total other financing
sources (uses)
Excess (deficiency)
of revenue and
other financing
sources over
expenditures and
other financing
uses
Seascape Mortgage
Revenue Sharing Revenue Bonds
Actual on
Budgetary Actual on Budgetary
Basis - $
455,94 1
21 2,975
-
Budget - $
575,000 - -
-
575,000
- - -
3,136,293 -
2,381 ,I a9
(1,712,273)
-
-
3,136,293
(2,561,293)
-
Basis -
$(1,712,273) $(2,561,293) $1,494 $-
Continued on next page
64
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Section 8
Housing Authority Street Lighting
Actual on
State Grants
Actual on Actual on
Budgetary
Basis
$
1,056,072
12,596
-
-
Budgetary
Basis
Budgetary
Basis
$
1,062,086
-
-
68,401
Budget
$397,000
Budget - $
988,000
20,000
-
Budget
5,544,588
- $
- -
$407,587
-
31,265
-
30,000
1,068,668 1,009,600 1,130,487 5.544.588 438,852 427,000
488,190 - 503,764 - 253,323 54,177
160,084
2,356,073
2,888
- -
1,056,079 -
-
1,052,394 - 217,605
4,970,294
1,052,394 1,056,079 2,573,222 5,441,222 503,764 488,190
16,274 (46,479) (1,442,735) 103,366 (49,338) (76,764)
$ (49,338) $ (76,764) $ 16,274 $ (46,479) $(1,442,735) $ 103,366
Continuedon next page
65
CITY OF CARLSBAD
SPECIAL REVENUE FUNDS
FORTHEYEAR ENDED JUNE30,1986 (Continued) I COMBINING STATFMENTOF REVENUES AND EXPEND~TURES-BBUDGE'FAND AGTUALdBUDGffARY BASiS)-- - --
REV EN U ES:
Taxes
Intergovernmental
Charges for services
Interest income
Miscellaneous revenues
Total revenues
EXP EN D ITU RES
Public works
Welfare
Culture and recreation
Capital outlay
Miscellaneous
Total expend it ures
Excess (deficiency) of revenues over expenditures
Other Financing Sources (Uses):
Operating transfers in (out)
Total other financing sources (uses)
Excess (deficiency) of revenue and other
financing sources over expenditures and
other financing uses
66
Totals 1986
Actual on
Budgetary
Basis
$1,082,317
2,924,892
58,421
418,841
5.232
4,489,703
684,247
1,052,394
182,889
5,175,441
2.088
7.097.859
(2,608,156)
(363,289)
(363,289)
$(2,971,445)
Budget
$1,035,419
8,172,064
45,000
125,000
1,600
9,379,083
1,973,967
1,056,079
398,813
10,161,511
--
13,590,370
(4,211,287)
(7 1 8,4 1 9)
Variance
Favorable
(Unfavorable)
$ 46,898
(5,247,172)
13,421
293,841
3.632
(4,889,380)
1,289,720
3,685
215,?24
4,986,070
(2,888)
6,492,511
1,603,l 31
355,l 30
(71 8,419)
$(4,929,706)
355,130
$1,958,261
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_. - -. ___ __ - ~ ~~ CITY OF CARCSBAD
SPECIAL REVENUE FUND TYPES
FOR THE YEAR ENDED JUNE 30,1986
STATEMENT OF REVENUES AND EXPENDITURES-BUDGET AND ACTUAL (BUDGETARY BASIS)
Anden Group Mortgage Revenue Bonds
Adjustment
to Budgetary
Actual Basis R EVEN U ES
Charges for services $1 4,000 $- Interest income 995 -
TOTAL REVENUES $14,995 $-
Actual on
Budgetary
Basis
$1 4,000
995
$1 4,995
Variance
Favorable
Budget (Unfavorable)
$- $14,000 - 995
$- $14,995
CITY OF CARLSBAD
SPECIAL REVENUE FUND TYPES
FOR THE YEAR ENDED JUNE 30,1986
Civic Arts Program
STATEMENT OF REVENUES AND EXPENDITURES-BUDGET AND ACTUAL (BUDGETARY BASIS)
Adjustment Actual on Variance
to Budgetary Budgetary Favorable
REV EN U ES Interest income $ 6,585 $ - $ 6,585 $ 5,000 $ 1,585
TOTAL REVENUES 6,585 - 6,585 5,000 1,585
EXPENDITURES 156,000 156,000 Culture and recreation -
TOTAL EXPENDITURES - - - 156,000 156,000
OTHER FINANCING SOURCES Operating transfers in 156,000 - 156,000 - 156,000
TOTAL OTHER FINANCING SOURCES 156,000 - 156,000 - 156,000
EXCESS (DEFICIENCY) OF REVENUES
AND OTHER FINANCING SOURCES
OVER EXPENDITURES $162,585 $ -
Actual Basis Basis Budget (Unfavorable)
- -
$162,585 $(151,000) $313,585
67
~- __ CITY OFCARCSBAO
SPECIAL REVENUE FUND TYPES
FOR THE YEAR ENDED JUNE 30,1986
STATEMENT OF REVENUES AND EXPENDITURES-BUDGET AND ACTUAL (BUDGETARY BASIS)
Community Development Block Grant
Adjustment
to Budgetary
Basis
Variance
Favorable
(Unfavorable)
Actual on
Budgetary
Basis
$ 67,034
11,773
1,925
REVENUES
Intergovernmental
Interest income
Miscellaneous
Actual Budget
$240,986 - $ 67,034
11,773
1,925
$( 173,952)
11,773
1,925
TOTAL REVENUES 80,732 80,732 240,986 (1 60,254)
EXPENDITURES
Capital outlay 24,605
TOTAL EXPENDITURES 24,605
66.899 91,504 393.421 301.91 7
66.899 91,504 393,421 301.91 7
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES 56,127
OTHER FlNANClNG SOURCES
Operating transfers in 134,023
TOTAL OTHER FINANCING SOURCES 134,023
EXCESS (DEFICIENCY) OF REVENUES AND
OTHER FINANCING SOURCES
OVER EXPENDITURES $ 190,150
141,663 (66,899) (1 0,772) (1 52,435)
134,023
134,023
134,023
134,023
$123,251 $275,686 $( 66,899) $(152,435)
CITY OF CARLSBAD
SPECIAL REVENUE FUND TYPES
FOR THE YEAR ENDED JUNE 30,1986
STATEMENT OF REVENUES AND EXPENDITURES-BUDGET AND ACTUAL (BUDGETARY BASIS)
~~
Federal Grants
Adjustment
to Budgetary
Basis
Actual on
Budgetary
Basis
Variance
Favorable
Budget (Unfavorable)
$ 545,490 $ (545,490) - 80
545,490 (545,410)
Actual REVENUES
Intergovernmental
Interest income
$-
80
$- 80
80
-
TOTAL REVENUES 80
EXPEN DlTU RES
Public works 1,075,000 1,075,000 - - 1,075,000 1,075,000
- - -
- - - TOTAL EXPEN DITURES
EXCESS (DEFICIENCY) OF REVENUES
$80 - - OVER EXPENDITURES $- - - $80 $ (529,510) $ 529,590
68
CITY OF CARLSBAD I SPECIAL REVENUE FUND TYPES
STATEMENT OF REVENUES AND EXPENDITURES-BUDGET AND ACTUAL (BUDGETARY BASIS)
FOR THE YEAR ENDED JUNE 30,1986
GasTax
Adjustment Actual on Variance
to Budgetary Budgetary Favorable
Taxes $599,243 $ - $599,243 S 528,419 $ 70,824
REVENUES
Interest income 54,069 - 54,069 50,000 4,069 I TOTAL REVENUES 653,312 653,312 578,419 74,893
Actual Basis Basis Budget (Unfavorable)
EXPENDITURES
Capital outlay 236,228 110,447 346,675 1,661,503 1,314,828
TOTAL EX PEN DITURES 236,228 110,447 346,675 1,661,503 1,314,828
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES 417,084 (1 10,447) 306,637 (1,083,084) 1,389,721
OTHER FINANCING USES
Operating transfers out (653,312) - (653,312) (716,419) - 65,107
(653,312) - (653,312) (718,419) 65,107 I TOTAL OTHER FINANCING USES
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES AND OTHER I FINANCING USES $(236,228) $(110,447) $(346,675) $(1,801,503) $1,454,828
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-- --
CITY OF CARLSBAD
SPECIAL REVENUE FUND TYPES
STATEMENT OF REVENUES AND EXPENDITURES-BUDGET AND ACTUAL(BUDGETARY BASIS)
FOR THE YEAR ENDED JUNE 30,1986
1 I High way Maintenance
Variance Adjustment Actual on
to Budgetary Budgetary Favorable
REVENUES Actual Basis Basis Budget (Unfavorable)
Intergovernmental $283,759 $- $283,759 $278,000 $5,759
Interest income 2,874 - 2,874 - 2,874 1 TOTAL REVENUES 286,633 - 286,633 278,000 8,633
EXPENDITURES
Public works 141,880 - 141.880 - 141,880 1 TOTAL EXPENDITURES 141,880 - 141,880 141,880 -
I EXCESS OF REVENUES
OVER EXPENDITURES $144,753 $- $144,753 $136,120 $8,633
69
CITY OF CARLSBAD
SPECIAl-RE1IENtlfi FUND TYPES
FOR THE YEAR ENDED JUNE 30,1986
La Costa Mortgage Revenue Bonds
~___~______~ - ~~
STATEMENT OF REVENUES AND EXPENDITURES-BUDGET AND ACTUAL (BUDGETARY BASIS)
Adjustment Actual on
to Budgetary Budgetary
REVENUES Actual Basis Basis
Interest income $1,406 $- $1,406
TOTAL REVENUES $1,406 $- $1,406
Variance
Favorable
Budget (Unfavorable)
$- $1,406
$- $1,406
CITY OF CARLSBAD
SPECIAL REVENUE FUND TYPES
FOR THE YEAR ENDED JUNE 30,1986
STATEMENT OF REVENUES AND EXPENDITURES-BUDGET AND ACTUAL(BUDGETARY BASIS)
Library Audio Visual Insurance
REVENUES Actual
Charges for services $44,421
Interest income 5,209
TOTAL REVENUES 49.630
Adjustmert
to Budgetary
Basis
$- -
Actual on
Budgetary
Basis
$44,421
5,209
49,630
EXPENDITURES
Current:
Culture and recreation 21,626 1,179 22,805
Budget
$45,000
5,000
50,000
25.208
TOTAL EXPENDITURES 21,626 1,179 22,805 25,208
EXCESS ( DEFlC I ENCY) OF REVENUES OVER
EX PEN DITURES $28,004 $( 1,179) $26,825 $24,792
Variance
Favorable
(Unfavorable)
$ (579)
209
(370)
2,403
2,403
$2,033
CITY OF CARLSBAD
SPECIAL REVENUE FUND TYPES
FOR THE YEAR ENDED JUNE 30,1986
STATEMENT OF REVENUES AND EXPENDITURES-BUDGET AND ACTUAL (BUDGETARY BASIS)
Low and Moderate Income Housing
Adjustment
to Budgetary
REVENUES Actual Basis
Taxes $75,487 $-
Interest 9,075 -
TOTAL REVENUES $84,562 $-
Actual on
Budgetary
Basis Budget
$75,487 $1 10,000
9,075 15,000
$84,562 $125.000
70
Variance
Favorable
(Unfavorable)
$(34,513)
(5,925)
$( 40,438)
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CITY OF CARLSBAD
SPECIAL REVENUE FUND TYPES
FOR THE YEAR ENDED JUNE 30,1986
STATEMENT OF REVENUES AND EXPENDITURES-8UDGET AND ACTUAL (BUDGETARY BASIS)
Police Asset Forfeiture
Adjustment
to Budgetary
Actual Basis REVENUES
Miscellaneous $3,307 $- Interest income 44 -
TOTAL REVENUES $3,351 $-
Actual on
Budgetary
Basis Budget
44 - $3,307 $-
$3,351 $-
Variance
Favorable
(Unfavorable)
$3,307
44
$3,351
CITY OF CARLSBAD
SPECIAL REVENUE FUND TYPES
FOR THE YEAR ENDED JUNE 30,1986
Revenue Sharing
STATEMENT OF REVENUES AND EXPENDITURES-BUDGET AND ACTUAL (BUDGETARY BASIS)
Adjustment Actual on
to Budgetary Budgetary
REVENUES
Intergovernmental $ 455,941 $ - $ 455,941
Interest income 21 2,975 - 21 2,975
TOTAL REVENUES 668,916 - 668,916
Actual Basis Basis
Variance
Favorable
$ 575,000 $(119,059) - 21 2,975
575,000 93,916
Budget (Unfavorable)
EXPENDITURES
Capital outlay 1,575,546 805,643 2,381,189 3,136,293 755,104
TOTAL EXPENDITURES 1,575,546 805,643 2,381,189 3,136,293 755,104
EXCESS (DEFiCI.ENCY)
OF REVENUES OVER
EXPEN DITURES $ (906,630) $(805,643) $(1,712,273) $(2,561,293) $849,020
CITY OF CARLSBAD
SPECIAL REVENUE FUND TYPES
STATEMENT OF REVENUES AND EXPENDITURES-BUDGET AND ACTUAL (BUDGETARY BASIS)
FOR THE YEAR ENDED JUNE 30,1986
Seascape Mortgage Revenue Bonds
Adjustment Actual on Variance
to Budgetary Budgetary Favorable
Actual Basis Basis Budget (Unfavorable) REV EN U ES
interest income $1,494 $- $1,494 $- $1,494 -- TOTAL REVENUES $1,494 $- $1,494 $- $1,494
71
-I ~ ~
ClTY OF CARLSBAD
SPECIAL REVENUE FUND TYPES
FOR THE YEAR ENDED JUNE 30,1986
-
STATEMENT OF REVENUES AND EXPENDITURES-BUDGET AND ACTUAL (BUDGETARY BASIS)
Section 8-Housing Authority
Variance
Favorable
(Unfavorable)
Adjustment
to Budgetary
Basis
Actual on
Budgetary
Basis b a
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$1,056,072
12,596 -
Budget
$ 988,000
20,000
1,600
REVENUES
Intergovernmental
Interest income
Miscellaneous
TOTAL REVENUES
EXPENDITURES
Welfare
TOTAL EXPENDITURES
EXCESS (DEFICIENCY)
OF REVENUES OVER
EXPENDITURES
$1,056,072
12,596 -
$68,072
(7,404) (1,600)
1,068,668 1,068.668 1,009,600
1,056,079
1,056,079
$ (46,479) -- --
59,068
3,685
3,685
$62,753
1,052,394 1.052.394
1,052,394
$ 16,274
1,052,394
$ 16,274
CITY OF CARLSBAD
SPECIAL REVENUE FUND TYPES
FOR THE YEAR ENDED JUNE 30,1986
STATEMENT OF REVENUES AND EXPENDITURES-BUDGET AND ACTUAL (BUDGETARY BASIS)
State Grants
Adjustment
to Budgetary
Basis
Actual on
Budgetary
Basis
Variance
Favorable
(Unfavorablel Actual Budget
$5,544,588
5,544,588
-
253,323
21 7,605
4,970,294 -
R EVEN U ES
Intergovernmental
Interest income
TOTAL REVENUES
$1,062,086
68,401
$1,062,086
68,401
1,130,487
54,177
160,084
2,356,073
2,8813
$(4,482,502)
(4,414,101)
68,401
1,130,487
47,490
149,864
1,616,842
2,888
1,817,084
$ (686,597)
EXPENDITURES
Pub1 ic works
Culture and recreation
Capital outlay
Miscellaneous
TOTAL EXPENDITURES
EXCESS (DEFICIENCY) OF REVENUES OVER
EXPENDITURES
6,687
10,220
739,231 -
199,146
57,521
2,614,221
(2,8813)
756,138 2,573,222 5,441,222 2,868,000
$(756,138) $(1,442,735) $ 103,366 $( 1,546,101 )
72
~ CJTY OF CARLSBAD ~-~
SPECIAL REVENUE FUND TYPES
FOR THE YEAR ENDED JUNE 30,1986
STATEMENT OF REVENUES AND EXPENDITURES-BUDGET AND ACTUAL (BUDGETARY BASIS)
Street Lighting
REVENUES
Taxes
Interest income
TOTAL REVENUES
EXPENDITURES
Public works
TOTAL EXPENDITURES
EXCESS (DEFICIENCY)
OF REVENUES OVER
EXPENDITURES
Actual
$407,587
31,265
Adjustment
to Budgetary
Basis
Actual on
Budgetary
Basis
$407,587
31,265
Budget
$397,000
30,000
Variance
Favorable
(Unfavorable)
$1 0,587
1,265
438,852 438,852 427,000 11,852
488,190 488,190 503,764 15,574
488.190
~~~
$ (49,338) $-
488,190
$ (49,338)
503.764 15,574
$ (76,764) $27,426
73
74
Poinsettia Bridge
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Library Bonds
To accumulate property taxes specifically levied for payment of debt service on the 1966
Library General Obligation Bonds.
Sewer Bonds
To accumulate property taxes specifically levied for payment of debt service on the 1962
Series A, B and C Sewer General Obligation Bonds.
Parking Authority
To account for receipts received by the Parking Authority from the General Fund for payment
of debt service on 1969 and 1981 Parking Authority revenue bonds.
Building Authority .
To account for receipts received by the Building Authority from the General Fund for payment
of debt service on the 1967 Building Authority revenue bonds.
75
CITY OF CARCSBAD
DEBT SERVICE FUNDS
COMBINING BALANCESHEET
JUNE30,1986
WITH COMPARATlVE FIGURES FOR JUNE 30,1985
Sewer
Bonds
Parking
Authority
Building
Authority
Totals Library
Bonds ASSETS
Cash and investments $2,545
Taxes receivable 192
Accrued interest receivable -
TOTAL ASSETS $2,737
1985 - 1986 - $1,543,718 $1,570,011
1,855 1,576
$143,921
1,663
$1,316,101 - $81,151 -
22.979 1,094
$1 46,678
24,073 26,513
$1,569,646 $1,598,100
-
$81,151 $1,339,080
LIABILITIES AND FUND BALANCES
LlABlLlTl ES
Accrued payables $2,475
Due to other funds 6,300
$ 12,163 - $ 14,638 $ 16,746
6,300 -
20,938 16,746 TOTAL LIABILITIES 8,775 12,163
FUND BALANCE
Reserved for debt service
Reserved for working .
capital
U n rese wed
TOTAL FUND BALANCES
TOTAL LIABILITIES AND
FUND BALANCES
134,515 467,706 53.975 650,158 6641 22
3,000
868,374
1,339,080
1,500
25,676
81.151
4,500 4,500
894,050 91 2,732
1,548,708 1,581,354
- -
134.515
$ 2.737 $1 46,678 $1,339,080 $81,151 $1,569,646 $1,598,100
76
-~ - ~ CITY OFCARLSBAD
DEBT SERVICE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30,1986
WITH COMPARATlVE FIGURES FOR THE YEAR ENDED JUNE 30,1985
Library Sewer Parking Building Totals
Bonds Bonds Authority Authority 1985 - 1986 - REVENUES
Taxes $14,061 $114,191 $ - $- $ 128,252 $ 108,092
Interest income 11 7,063 103,069 6,834 116,977 146,717
TOTAL REVENUES 14,072 121,254 103,069 6,834 245,229 254,809
EXPENDITURES
Current:
Debt service:
General government -
Principal retirement 15,000 100,000
Interest and fiscal charges 5,402 24,325
TOTAL EX PEN DlTU RES 20,402 124,325
DEFICIENCY OF REVENUES
OVER EXPENDITURES (6,330) (3,071)
OTHER FINANCING SOURCES
Operating transfers in
TOTAL OTHER
FIN AN CI N G SOURCES
EXCESS (DEFICIENCY) OF
REVENUES AND OTHER
FINANCING SOURCES
OVER EXPENDITURES
AT BEGINNING OF YEAR
AT END OF YEAR
FUND BALANCES,
FUND BALANCES,
2,176 2,347 4,523
125,000 25,000 265,000
176,175 1 2,450 21 8,352
303,35 1 39,797 487,875
(200,282) (32,963) (242,646)
3,466
230,000
2 3 2,O 2 3
465,489
(21 0,680)
- 174,000 36,000 210,000 21 0,000
- - 174,000 36,000 21 0,000 210,000
(6,330) (3,071) (26,282) 3,037 (32,646) (680)
292 137,586 1,365,362 78.1 14 1,581,354 1,582,034
$ (6,038) $134,515 $1,339,080 $81,151 $1,548,708 $1,581,354
R EVEN U ES:
Taxes
Interest Income
Total revenues
EXP EN DlTU RES:
Current:
Debt service:
General government
Principal retirement
Interest and fiscal charges
Total expenditures
Excess (deficiency) of revenues over expenditures
OTHER FINANCING SOURCES:
Operating transfers in
Total other financing sources
Excess (deficiency) of revenues and other
financing sources over expenditures
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DEBT SERVICE FUNDS
FORTHEYEAR ENDED JUNE30,1986
COMBINING STATEMENT OF REVENUES AND EXPENDITURES-BUDGET AND ACTUAL (BUDGETARY BASIS) __ ~___ __ ~~
Library Bonds
Actual on
Budgetary
Basis Budget
$14,061 $21,000
11 1,000
14,072 22,000
15,000
5,402
15,000
5,624
20,402 20,624
$46,330) $1,376
Continued on next page
Sewer Bonds Parking Authority Building Authority
Actual on
Budgetary
Basis
Actual on
Budgetary
Basis
Actual on
Budgetary
Basis Budget Budget Budget
$114,191
7,063
$1 20,000
10,000
- $ 103,069
- $ 103,069
- $
6,834
- $ 6,834
121.254 130,000 103,069 6,834 103,069 6,834
2,176 2,176 2,347 2.347
100,000
24,325
124,325
100,000
26,095
126,095
125,000
176,175
25,000
12,450
39,797
(32.9631
125,000
176,175
303,351
(200,282)
25,000
12,450
39,797 , 303,351
(32.9631 3,905 (200,282) .. , .. ,
174.000 36,000 36,000 174,000
174.000 174.000 36,000 36,000
$ 3.037 $ 3.037 5126.282) $ 3,905 $(26,282) -. , ,
Continued on next page
79
CITYOF CARLSBARD
DEBT SERVICE FUNDS
CO M B I N I N G STAT EM E NT O F REV EN U ES AN D EX P EN D ITU R ES= BU DG ET A N D- ACJUAL(B U DG ETARY BAS IS$
FOR THE YEAR ENDED JUNE 30, 1986 (Continued) I-
TOTALS 1986
Actual on
Budgetary
Basis
REVENUES:
Taxes
Interest Income
Total revenues
EXPEN DlTU RES:
Current:
Debt service:
General government
Principal retirement
Interest and fiscal charges
$1 28,252
11 6,977
245,229
4,523
265,000
218.352
Total expenditures 487.875
Excess (deficiency) of revenues over expenditures
OTHER FINANCING SOURCES:
Operating transfers in
Total other financing sources
Excess (deficiency) of revenues and other
financing sources over expenditures
(242,646)
21 0,000
21 0,000
$ (32,646)
80
Va ira nce
Favorable
(Unfavorable) Budget
$1 41,000
120,903
261,903
4,523
265,000
220,344
489,867
(227,964)
21 0,000
210.000
$ (17,964)
-
1,992
1,992
(1 4,682)
-
$ (14,682)
._ - ~ CITY OF CARLSBAD
DEBT SERVICE FUND PfPES
FOR THE YEAR ENDED JUNE 30,1986
STATEMENT OF REVENUES AND EXPENDITURES-BUDGET AND ACTUAL (BUDGETARY BASIS)
Library Bonds
REVENUES
Taxes
Interest income
TOTAL REVENUES
EXPENDITURES
Debt service:
Principal retirement
Interest and
fiscal charges
TOTAL EXPENDITURES
EXCESS (DEFICIENCY)
OF REVENUES OVER
EXPENDITURES
Actual on
Budgetary
Basis
Variance
Favora bie
(Unfavora blel
Adjustment
to Budgetary
Basis
$-
Actual Budget
$21,000
1,000
22,000
15,000
5,624
$14,061
11
14,072
15,000
5,402
$1 4,061
11
14,072
15,000
5,402
20.402 20,402 20,624 222
$ 1,376 $ (6,330) $ (6,330)
CITY OF CARLSBAD
DEBT SERVICE FUND TYPES
FOR THE YEAR ENDED JUNE 30,1986
Sewer Bonds
STATEMENT OF REVENUES AND EXPENDITURES-BUDGET AND ACTUAL (BUDGETARY BASIS)
Adjustment
to Budgetary
Basis
Actual on
Budgetary
Basis
Variance
Favora ble
(Unfavorable) Actual Budget
$1 20,000
10,000
REVENUES
Taxes Interest income
TOTAL REVENUES
$1 14,191
7,063
$1 14,191
7,063
121,254
100,000
24,325
124,325
$ (3,071)
121,254 130,000
EXP EN DlTU RES
Debt service:
Principal retirement
Interest and
fiscal charges
TOTAL EXPENDITURES
EXCESS (DEFICIENCY)
OF REVENUES OVER
EXPE N D ITU R ES
100,000
24,325
100,000
26,095
-
1,770
~
124,325
$ (3,071)
126.095 1,770
$ 3,905 $(6,976)
- -- ~~~ Cln OF CARLSBAD
DEBT SERVICE FUND TYPES
FOR THE YEAR ENDED JUNE 30,1986
STATEMENT OF REVENUES AND EXPENDITURES-BUDGET AND ACTUAL (BUDGETARY BASIS)
Parking Authority
REVENUES
Interest Income
Actual
$1 03,069
Adjustment
to Budgetary
Basis
Actual on
Budgetary
Basis Budget
Variance
Favorable
(Unfavorable)
$- $1 03,069 $103,069 $-
TOTAL REVENUES 103,069 103,069 103,069
EXPENDITURES
Current:
Debt service:
General government
Principal retirement
Interest and
fiscal charges
TOTAL EXPENDITURES
DEFICIENCY OF
REVENUES OVER
EXPENDITURES
2,176
125,000
176,175
303,351
(200,282)
OTHER FINANCING SOURCES
Operating transfers in 174,000
TOTAL OTHER
FINANCING SOURCES 174,000
(DEFICIENCY) OF
REVENUE AND OTHER
FINANCING SOURCES
OVER EXPENDITURES $ (26,282)
2,176
125,000
176,175
303,351
(200,282)
174,000
2,176
125,000
176,175
303,351
(200,282)
174,000
174,000 174,000
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$ (26,282) $ (26,282) $-
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CITY OF CARCSBAO
DEBT SERVICE FUND TYPES
FOR THE YEAR ENDED JUNE 3,1986
STATEMENT OF REVENUES AND EXPENDITURES-BUDGET AND ACTUAL (BUDGETARY BASIS)
~~ ~
Building Authority
Variance
Favorable
(Unfavorable)
$- -
-
-
- -
-
-
-
$-
Actual on
Budgetary
Basis
$ 6,834
6,834
Adjustment
to Budgetary
Basis
$-
Budget
$ 6,834
6,834
Actual
$ 6,834
6,834
REVENUES
Interest income
TOTAL REVENUES
EXPENDITURES
Current:
Debt service:
General government
Principal retirement
Interest and
fiscal charges
TOTAL EXPENDITURES
DEFICIENCY OF
REVENUES OVER
EXPENDITURES
2,347 2,347 2,347
25,000 25,000 25,000
12,450 12,450 12,450
39,797 39,797 39,797
(32,963) (32,963) (32,963)
OTHER FINANCING SOURCES
Operating transfers in
. TOTALOTHER
FINANCING SOURCES
AND OTHER
FINANCING SOURCES
OVER EXPENDITURES
EXCESS OF REVENUES
36,000 36,000 36,000
~
36,000 36,000 36,000
$ 3,037 $ 3,037 $ 3,037 $-
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... . . . . . . . 1 .... .. .. ..
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. __ __ CAPITALPROJ ECIT FUN OS ~~ ~
Capital Construction
To account for transfers from the General Fund for various municipal capital projects.
Public Facilities Construction
To account for receipts of fees charged to developers for specific capital projects necessi-
tated by growth.
Park Development
To account for receipts of fees charged to developers for park acquisition and development.
Bristol Cove
To acccount for receipts from special assessments used for capital improvement in Bristol
Cove.
Planned Local Drainage Facilities
To account for receipts of fees charged to developers for drainage facilities necessitated by
growth.
Redevelopment Project
To account for financial resources segregated for the rehabilitation of commercial and public
property located within the Carlsbad Village area.
Traffic Impact
To account for receipts of fees charged to developers
improvement.
85
For street construction and
L1 I Y Ut GARLYLJAU
CAPITAL PROJECTS FUNDS
COMBINING BALANCE SHEET
JUNE 30,1986
WITH COMPARATIVE FIGURES FOR JUNE 30,1985
ASSETS
Cash and investments
Accrued interest receivable
Due from other funds
Advances to other funds
Prepaid expenses
TOTAL ASSETS
LIABILITIES AND FUND BALANCES
LIABILITIES
Accounts payable
Accrued wages payable
Due to other funds
Advances from other funds
TOTAL LIABILITIES
FUND BALANCES (DEFICIT)
Reserved for prepaid expenses
Resewed for encumbrances
Reserved for repayment of advances
Reserved for debt service
U n rese wed:
Designated for approved capital projects
Undesignated
TOTAL FUND BALANCES (DEFICIT)
TOTAL LIABILITIES AND FUND BALANCES
Capital
Construction
Public
Facilities
Construction
Park
Development
$ 8,320,044
67,302
2,097,827
-
-
$1 0,485,173
$ 270,251 - - -
270,251
-
1,276,287
2,097,827
1,530,567
5,310,241
-
10,214,922
$10,485,173
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$9,383,278
77,859 - - -
$9,461,137
$2,615,894
21,860 - - -
$2,637,754
$ 749,010 $ 15,931 - - - - - -
749,010 15,931
- -
4,567,095 942,154 - -
81 9,433 662,496
3,325,599 1,017,173
8,712,127 2,621,823
$9,461,137 $2,637,754
Continuedon next page
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Bristol
Cove
$-
e - - -
Planned
Local
Drainage
Facilities
$1,314,735
10,915 - - -
Redevelopment
Project
$1,050,833
5,160 - -
6,650
Tr a f f ic
Impact
$51,004
423 - - -
$-
Totals
1986 1985
$22,735,788
116,217
67,302
6,650
2,097,827
$19,743,835 - -
1,450,000 -
$1,325,650 $1,062,643 $51,427 $25,023,784 $21,193,835
-
14,463
-
-
1,311,187
1,325,650
$1,325,650
$ 46,477
13,604
67,423
3,467,445
3,594,949
6,650
153,782
626,689 -
1,100,668
(4,420,0951
(2.532.3061 51,427
$1,062,643
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$51,427
$ 1,081,669
13,604
67,423
3,467,445
4,630,141
6,650
6,953,781
626,689
2,097,827
4,164,591
6,544,105
$ 177,775
7,847 -
2,362,542
2,548,164
-
3,476,130
1,736,537
-
4,281,335
9,151,669
20,393,643
$25,023,784
18,645,671
$21,193,835
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~~~__ ~- CJTY OF CARLSBAD __-__ ~
CAPITAL PROJECTS FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 3,1986
WITH COMPARATIVE FIGURES FOR THE YEAR ENDED JUNE 30,1985
REVENUES
Taxes
Charges for services
Interest income
TOTAL REVENUES
EXPENDITURES
Capital outlay
Debt service:
r3TAL EXPENDIT'JRES
EXCESS (DEFCENCY) OF REVENUES
Interest and fiscal charges
OVER EXPENDITURES
OTHER FINANCING SOURCES
(USES)
Operating transfer in
Operating transfer out
TOTAL OTHER FINANCING SOURCES (USES)
EXCESS (DEFICIENCY) OF REVENUES
AND OTHER FINANCING SOURCES
OVER EXPENDITURES AND OTHER
FINANCING USES
FUND BALANCES (DEFICIT)
AT BEGINNING OF YEAR
RESIDUAL EQUITY TRANSFERS IN (OUT)
FUND BALANCES (DEFICIT)
ATENDOFYEAR
Capital
Construction
Public
Facilities
Construction
Park
Development - .$
237,612
145.0oO
382,612
~ ~
2,201,034
-
- $
4,966,803
757,998
5,724,801
4,751,079
-
- $
794,598
197,034
991,632
273,403
2,201,034 4,751,079 273,403
(1,818,422) 973,722 71 8,229
3,038,299
(1 56.0oO)
2.882.299
1,063,877 973,722 71 8,229
9,151,045 7,738,405 1,903,594 - - -
$10,214,922 $8,712,127 $2,621,823
Continued on next page
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Totals
Planned
Local
Drainage
Facilities
$
427,680
94,753
-
Traffic
Impact
Bristol
Cove
$-
Redevelopment
Project
$ 301,947
1986 1985
$ 122,176
6,064,089
90 1 .030
$-
50,750
677
51,427
$ 301,947
6,477,443
1,254,962
8,034,352
59.500
7,087,295 522,433 361,447
4,180 1,650,170 8,879,866 3,205,998
236,255
1,886,425
236.255
9,116,121
56.977
3,262,975 4.180
51 8,253 (1,524,978) 51,427 3,824,320 (1,081,769)
3,038,299
(1 56,000)
2,882.299 (30,000)
51 8,253 (1,524,978) 51,427 1,8OO753O 3,794,320
(1,007,328) - 52,558
(52,558)
807,397 - 18,645,671
(52,558)
11,222,607
3,628,744
$1,325,650 $(2,532,306) $51,427 $20,393,643 $18,645,671 $-
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CITY OF CARLSBAD
CAPITAL PROJECTS FUNDS
COMBINING STATEMENT OF REVENUES AND EXPENDITURES-BUDGET AND ACTUAL(BUDGETARY BASIS)
~~ FOR THE YEAR ENDED JUNE 30,1986
Capital
Construction
Public Facilities
Construction
Actual on
Budgetary
Basis
Actual on
Budgetary
Budget Basis Budget
Revenues:
Taxes
Charges for services
Interest income
$- $- 3- $-
237,612
145,000
163,000 - 4,000,000 - 4,966,803
757,998
5,724,801 Total revenues 382.612 163,000 4,000,000
EXPENDITURES:
Capital outlay
Debt service:
Interest and fiscal charges
3,477,321 4,997,130 9,318,174 10.137.607
Total expenditures 10,137,607
(6,137,607)
3,477,321
(3,094,709)
4,997,130
(4,834,130)
9,318,174
(3,593,373) Excess (deficiency) of revenues over expenditures
Other financing sources (uses):
Operating transfer in
Operating transfer out 3,038,299
(1 56,000)
2,448,161
2,882,299 2,488.1 61 Total other financing sources (uses)
Excess (deficiency) of revenue and other financing
sources over expenditures and other financing uses $(2,345,969) $(3,593,373) $(6,137,607) $(212,410) --
Continued on next page
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Planned Local
Drainage Facilities
Park
Development Bristol Cove I Actual on
Budgetary
Actual on
Budgetary
Basis
Actual
Budgetary
Basis Budget Budget Budget Basis I
$- $ 427,680 400,000 94,753 -
522,433 400,000
- $
922,000
138,000
1.060.000
794,598
197,034
991.632
..
1,215,557 - 1,878,052 - 18,643 18,643 - -
18,643 18,643
503,790 381,357
1,878,052
(81 8,052)
1,215,557
(223,925)
$- $- $503,790 $381,357 $(818,052) $(223,925)
Continued on next page
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CITY 0 F, CA RLS BAD I
CAPITAL PROJECT FUNDS
FORTHEYEAR ENDED JUNE30,1986(Continued)
COM BI NI NG STATEMENT-OF REV EN UES AND U(PENDlITURES--BUD1;E7;AND~C~(BUDGETARY BASISL
REVENUES
Taxes
Charges for services
Interest income
Total revenues
EXPEN DiTU RES:
Capital outlay
Debt service:
Interest and fiscal charges
Total expenditures
Excess (deficiency) of revenues
over expenditures
Other financing sources (uses):
Operating transfer in
Operating transfer out
Total other financing sources (uses)
Excess (deficiency) of revenue and other financing
sources over expenditures and other
financing uses.
Redevelopment
Project
Actual on
Budgetary
Basis
$301,947
59,500
-
361.447
1,803,952
236,255
2,040,207
(1,678,760)
Budget
$440,000
60,000
500,000
-
2,870,325
-
2,870,325
(2,370,325)
- -
$(1,678,760) $( 2,370,325)
Continued on next page
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Totals 1986 Trafflc Impact
Actual on
Budgetary
Basif?
Actual on
Budgetary
Basis
$-
50,750
677
51,427
-
-
Variance
Favorable
(Unfavorable) Budget
$ -
-
Budget
$ (138,053)
992,443
1,056,962
$ 301,947
6,477,443
1,254.962
$ 440,000
5,485,000
198,000
6,123,000 1,911,352 8,034,352
15,833,647 19,901,757
-
4,068,110
(236.255)
3,831,855
5 , 743,207
550,138
(1 56,000)
394.1 38
236,255
16,069,902 19.901.757 -
51,427
- -
(8,035,550) (13,778,757)
2,488,161 3,038,299
(1 56,000)
2,882,299 2,488~ 61
$51,427 $ - -- $(5,153,251) $(11,290,596) $6,137,345 -
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~- ~~ __ -__~___ CITY OECARLSBAD - -~
CAPITAL PROJECTS FUND TYPES
STATEMENT OF REVENUES AND EXPENDITURES-BUDGET AND ACTUAL (BUDGETARY BASIS)
FOR THE YEAR ENDED JUNE 30,1986
Capital Construction
Adjustment
to Budgetary
REVENUES Actual Basis
Charges for services $ 237,612 $ -
Interest income 145,000 -
TOTAL REVENUES 382,612 -
Actual on
Budgetary
Basis
$ 237,612
145,000
382,612
Variance
Favorable
$ 163,000 $ 74,612
145,000
163,000 21 9,612
Budget (Unfavorable)
-
EXPENDITURES
Capital outlay 2,201,034 1,276,287 3,477,321 4,997,130 1,519,809
TOTAL EXPEN DlTU R ES 2,201,034 1,276,287 3,477,321 4,997,130 1,519,809
DEFICIENCY OF REVENUES
OVER EXPENDITURES (1,818,422) (1,276,287) (3,094,709) (4,834,130) 1,739,421
0T:IER FINANCING SOURCES
(IISES):
Operating transfers in 3,038,299 - 3,038,299 2,488,161 550,138
Operating transfers out (1 56,000) - (1 56,000) - (1 56,000)
TOTAL OTHER FINANCING
SOURCES (USES) 2,882,299 - 2,882,299 2,488,161 394,138
EXCESS (DEFICIENCY) OF
REVENUES AND OTHER
FINANCING SOURCES
OVER EXPENDITURES AND
OTHER FINANCING USES $ 1,063,877 $(1,276,287) $ (212,410) $(2,345,969) $2,133,559
CITY OF CARLSBAD
CAPITAL PROJECTS FUND TYPES
FOR THE YEAR ENDED JUNE 30,1986
STATEMENT OF REVENUES AND EXPENDITURES-BUDGET AND ACTUAL(6UDGETARY BASIS)
Public Facilities Construction
REVENUES
Charges for services
Interest income
TOTAL REVENUES
EXPENDITURES
Capital outlay
TOTAL EX PEN DlTUR ES
EXCESS (DEFICIENCY)
OF REVENUES OVER
EXPENDITURES
Actual
$4,966,803
757,998
5,724,801
4,751,079
4,751,079
$ 973,722
Adjust men t
to Budgetary
Basis - $ - -
4,567,095
4,567,095
$(4,567,095)
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Actual on Variance
Budgetary
Basis
$4,966,803
757,998
5,724,801
Favorable
$ 4,000,000 $ 966,803 - 757,998
4,000,000 1,724,801
Budget (Unfavorable)
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1 9,318,174 10,137,607 81 9,433
9,318,174 10,137,607 819,433
$(3,593,373) $ (6,137,607) $2,544,234
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_____ - - CITY OF CARLS8AD
CAPITAL PROJECTS FUND TYPES
FOR THE YEAR ENDED JUNE 30,1986
STATEMENT OF REVENUES AND EXPENDITURES-BUDGET AND ACTUAL(BUDGETARY BASIS)
Park Development
REVENUES Actual
Charges for services $794,598
Interest income 197,034
Adjustment
to Budgetary
Basis
Actual on
Budgetary
Basis Budget
Variance
Favorable
(Unfavorable)
$ 794,598
197,034
$ 922,000
138,000
$( 127,402)
59.034
TOTAL REVENUES 991,632 991,632 1,060,000 (68,368)
EXPEN DlTU R ES
Capital outlay 273,403
TOTAL EXPENDITURES 273,403
EXCESS (DEFICIENCY)
OF REVENUES OVER
EXPENDITURES $71 8,229
942,154 1,215,557 1,878,052
942,154
$(942,154)
1.21 5.557
$ (223,925)
1,878,052
$ (818,052)
662,495
662,495
$594,127 I
CITY OF CARLSBAD
CAPITAL PROJECTS FUND TYPES
FOR THE YEAR ENDED JUNE 30,1986
STATEMENT OF REVENUES AND EXPENDITURES-BUDGET AND ACTUAL(BUDGETARY BASIS)
Planned Local Drainage Facilities
REVENUES Actual
Charges for service $427,680
Interest income 94,753
TOTAL REVENUES 522,433
EXPEN DlTU RES
Capital outlay 4,180
TOTAL EXPENDITURES 4,180
EXCESS (DEFICIENCY)
OF REVENUES OVER
EXPENDITURES $51 8,253
Adjustment
to Budgetary
Basis
$- - -
14,463
14,463
f( 14,463)
95
Actual on
Budgetary
Basis
$427,680
94,753
522,433
18,643
18,643
Budget
$400,000
400,000
-
18,643
18,643
$503,790 $381,357
Variance
Favorable
(Unfavorable)
$ 27,680
94,753
122,433
$1 22,433
~~ __ .
CITY OF CARLSBAD
CAPITAL PROJECE FUND TYPES
STATEMENT OF REVENUES AND EXPENDITURES-BUDGET AND ACTUAL (BUDGETARY BASIS) FOR THE YEAR ENDED JUNE 30,1986
Redevelopment Project
Adjustment Actual on Variance
to Budgetary Budgetary Favorable
REVENUES Actual Basis Basis Budget (Unfavorable)
Taxes $ 301,947 $ - $ 301,947 $ 440,000 $ (138,053)
59,500 60,000 (500) Interest income 59,500 -
TOTAL REVENUES 361,447 - 361,447 500,000 (1 38,553)
EXPENDITURES
Capital outlay 1,650~ 70 153,782 1,803,952 2,870,325 1,066,373 Debt service:
Interest and
fiscal charges 236,255 - 236,255 - (236,255)
TOTAL EXPENDITURES 1,886,425 153,782 2,040,207 2,870,325 830,118
EXCESS (DEFICIENCY)
OF REVENUES OVER
EXPENDITURES 81,524,978) $(153,782) 81,678,760) $(2,370,325) $ 691,565 --
CITY OF CARLSBAD
CAPITAL PROJECTS FUND TYPES
FOR THE YEAR ENDED JUNE 30,1986
STATEMENT OF REVENUES AND EXPENDITURES-BUDGET AND ACTUAL (BUDGETARY BASIS)
Traffic Impact
Adjustment
to Budgetary
REVENUES Actual Basis
Interest income 677
Charges for services $50,750 $-
TOTAL REVENUES $51,427 $-
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Actual on Variance
Budgetary Favorable
Basis Budget (Unfavorable)
$50,750 $- $50,750 677 - 677
$51,427 $- $51,427
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._ ENTERPRISE FUND ._
Water Utility
To account for the operation and maintenance of the City’s water system and the payment of
debt service on the 1958,1960 and 1970 Waterworks revenue bonds.
Sewer
To account for the operation and maintenance of the City’s sewer system.
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CITY OF CAR4SaAZL ___.. .
ENTERPRISE FUNDS
COMBINING BALANCE SHEET
JUNE 30,1986
WITH COMPARATIVE FIGURES FOR JUNE 30,1985 I
ASSETS
Cash and investments
Receivables:
Accounts
Accrued interest
Due from other funds
Inventory, at cost
Prepaid expenses
TOTAL CURRENT ASSETS
RESTRICTED ASSETS
Cash and investments
Accrued interest
TOTAL RESTRICTED ASSETS
INVESTMENT IN SEWAGE
TREATMENT FACILITY
PROPERTY, PLANT AND EQUIPMENT
Land and water rights
Buildings
Structures and improvements
Wells. resewoirs, and dams
Transmission and distribution lines
Sewers, sewer lines and wells
Filters and pumps
Fire hydrants
Equipment and vehicles
Fire protection service
Construction in progress
TOTAL PROPERTY,
LESS ACCUMULATED DEPRECIATION
NET PROPERTY,
TOTAL ASSETS
PLANT AND EQUIPMENT
PLANT AND EQUIPMENT
Water
Utility Sewer
$3,501,912
1,282,801
23,649
135,218
4,943,580
-
-
552,931
4,590
557,521
-
$ 8,063,102
8,380
67,030
71,435
14,674 -
8,224,621
- -
16,440,927
231,956
37,188
1,289~ 52
4,068,674
4,684
203,345
5,759
-
-
-
-
227,250
37,948
-
- -
5,090,446 - -
450,563
2,657,916
-
5,840,758
(2,016,049)
3,824,709
$9,325,810
8,464,123
(1,779,508)
6,684,615
$31,350.1 63
Totals
1986 1985
$1 1,565,014
1,291,181
90,679
71,435
149,892
1 3,168,201
-
552,931
4,590
557,521
16,440,927
459,206
37,188
37,948
1,289,152
4,068,674
5,090,446
4,684
653,908
5,759
2,657,916
-
14,304,881
(3,795,557)
10,509,324
$ 7,430,181
1,212,322
63,016
125,217
5,320
8,836,056
-
51 1,460 -
51 1,460
16,366,984
459,206
37,964
37,948
1,289,853
4,074,095
4,535,307
147,349
372,811
669,487
5,759
2,604,423
14,234,202
(3,723,780)
10,510,422
$40,675,973 $36,224,922
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Current Liabilities
(payable from current assets)
Accounts payable
Accrued wages
Deposits payable
Due to other funds
TOTAL CURRENT LIABI LIT1 ES
(payable from current assets)
Current Liabilities
(payable from restricted assets)
Accrued interest
Current portion of revenue bonds payable
TOTAL CURRENT LIABILITIES
(payable from restricted assets)
TOTAL CURRENT LIABILITIES
Long-Term Liabilities
Revenue bonds payable net of
unamortized discount of $4,936 in 1986
($6,170 in 1985)
Deferred revenue
TOTAL LIABILITIES
FUND EQUITY
Contributed capital
Retained earnings:
Reserved for construction
Reserved for debt service
Unreserved:
Designated for approved
Undesignated
capital projects
TOTAL RETAINED EARNINGS
TOTAL FUND EQUITY
TOTAL LIABILITIES AND
FUND EQUITY
Water
Utility
$1,266,378
22,529
40,822
71,628
. -~
Sewer
$ 11,281
12,252
146
-
1,401,357
21,265
140,000
161,265
1,562,622
627,064 -
2,189,686
~~
2,425,080
445,851 91 1,291
65,609
3,288,293
23,679
- -
1986 -
$ 1,277,659
34,781
40,822 71,774
1,425,036
21,265
140,000
161,265
1985 -
$ 378,392
25,708 .
60,628
63,016
527,744
24,938
130,000
154,938
23,679
-
2,308,m
2,332,456
19,831,353
- -
2,155,778
7,030,576
1,586,301
627,064
2,308,777
4,522,142
22,256,433
445,851
91 1,291
2,221,387
10,318,869
682,682
765,830
2,454,778
3,903,290
22,182,440
622,995
887,441
1,329,064 7,299,692
4,711,044 9,186,354 13,897,398 10,139~ 92
7,136~ 24
$9,325,810
99
29,017,707
$31.350.1 63
36,153,831 32,321,632
$40,675.973 $36,224,922
1
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__- CITY OF CARLSBAD ~~~~-
ENTERPRISE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS FOR THE YEAR ENDED JUNE 30,1986
WITH COMPARATIVE FIGURES FOR THE YEAR ENDED JUNE 30,1986
Water
Utilitv 1986
$ 930,107
1,607,828
2,544,325
336,238
8,380
(88)
- 1985
$ 816,247
1,437,221
1,971,135
31 1,959
779
1,710
- Sewer
1,607,828
2,544,325
24,372
8,380
- $
-
OPERATING REVENUES
Metered water sales
Sewer service charges
Sewer connection fees
Other charges for services
Reimbursed expenses
Miscellaneous revenue
TOTAL OPERATING REVENUES
$ 930707
1,241,885 4,184,905 5,426,790 4,539,05 1
OPERATING EXPENSES
Personnel services
Office expenses
Repairs and maintenarze
Professional services
Insurance
Purchased water
Loss on disposal of property
Bad debt expense
Depreciation and amortization
TOTAL OPERATING EXPENSES
OPERATING INCOME (LOSS)
314,700
3,773
147,609
81 2,626
7,900
878,573
66,256
336,055
823,192
4,090
360,391
(1 0,878)
265,097
11,850
702,849
60,293
631,452
872,025
9,935
3,519
19,623
247,618
-
563,873
62,483
188,446
10,566
3,950
4,090 360,39 1
(1 3,07 1)
137,225
1,317,953
(76,068)
2,193
127,872
1,416,673
2,768,232
2,734,626 2,547,314
2,692,164 1,991,737
NON-OPERATING REVENUES
(EXPENSES)
Interest income
Interest expense and fiscal
agent fees
REVENUES, NET
TOTAL NON-OPERATINNG
NET INCOME
RETAINED EARNINGS
AT BEGINNING OF YEAR
PRIOR PERIOD ADJUSTMENT
RETAINED EARNINGS
AT BEGINNING OF YEAR,
AS ADJUSTED
RETAINED EARNINGS
AT END OF YEAR
280,498 673,137
-
953,635 762,078
(42,531 (42,531) (50,138)
237,967 673.137 91 1 , 1 04 71 1,940
3,603,268 2,703,677 3341,369 161,899
5,744,985 - 10,139~ 92 7,653,015
154,938 (21 7,500)
4,394,207
154,938
5,744,985 10,294,130 7,435,515 4,549,145
$4,711,044 $9,186,354 $1 3,897,398 $10,139,192
100
CITY OF CARLSBAD __ ~~
ENTERPRISE FUNDS
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION
FOR THE YEAR ENDED JUNE 30,1986
WITH COMPARATIVE FIGURES FOR THE YEAR ENDED JUNE 30,1985
SOURCES OF WORKING CAPITAL
Operat ions:
Net income
Items not requiring working capital:
Depreciation and amortization
Loss on disposal of property
Working capital provided by operations
Contribution from other funds
TOTAL SOURCES OF WORKING CAPITAL
USES OF WORKING CAPITAL
Acquisition of property, plant,
Decrease in long-term revenue
Reduction of deferred revenue
Net increase (decrease) in restricted assets
TOTAL USES OF WORKING CAPITAL
NET INCqEASE IN WORKING CAPITAL
and equipment
bonds payable
and related liabilities
ELEMENTS OF NET INCREASE (DECREASE)
IN UNRESTRICTED WORKING CAPITAL
Cash and investments
Accounts receivable
Accrued interest receivable
Inventory
Prepaid expenses
Due from other funds
Accounts payable
Accrued wages payable
Deposits payable
Due to other funds
NET INCREASE IN WORKING CAPITAL
Water
Utility Sewer
$ 161,899
137,225
360.39 1
659,515 -
659,515
2,094
140,000 -
39,734
Totals
1986 1985
$3,441,369
127,872
3,569,241
3,569,241
-
-
621,063
-
146,001
-
$3,603,268
265,097
360,391
4,228,756
4,228,756
-
623.1 57
140,000
146,001
39,734
181,828 767,064 948,892
S 477,687 $2,802.1 77 $3,279,864
$1,440,719
70,428
23,649
21,041 - -
(1,083,277)
(6,067) 19,806
(8,612)
$ 477,687
$2,694,114
8,380
67,030
3,634
(5,320) 8,419
29,072
(3,006)
(1 46)
$2,802,177
-
101
$4,134,833
78,808
90,679
24,675
(5,320) 8,419
(1,054,205)
(9,073) 19,806
(8,758)
$2,703,677
247,618
2,951,295
2,000
2,953,295
-
224,068
130,000
109,000
(108,565)
354,503
$2,598,792
$2,100,740
21 4,599
19,922
-
(1,072) -
249,911
(13,192)
27,884 -
$3,279,864 $2,598,792
SDGLIG “Encina” Power Plant
102
~ _______ ~ _. INTERNAL SERVICE FUNDS
Workers’ ComDensation
~~
To account for receipts from other funds to insure against Workers’ Compensation claims.
General Liability Self-Insurance
To account for receipts from other funds to insure against liability claims against the City.
Central Garage
To account for receipts from other funds to provide fleet maintenance and replacement.
Health Insurance
To account for receipts from other funds and from employees to provide health insurance
full-time City employees.
Data Processing
To account for receipts from other funds for data processing services.
for
103
- - _. - __~ CITYOF CARLSBAD
INTERNAL SERVICE FUNDS
COMBINING BALANCE SHEET
JUNE 30,1986
WITH COMPARATIVE FIGURES FOR JUNE 30,1985
ASSETS
Current Assets
Cash and cash equivalents
Accrued interest receivable
Accounts receivable
Due from other funds
TOTAL CURRENT ASSETS
PROPERTY AND EQUIPMENT
Machinery and equipment
Less accumulated depreciation
NET PROPERTY AND EQUIPMENT
TOTAL ASSETS
Workers'
Compensation
General
Liability
Self
Insurance
$1,182,548
9,981
-
1,192,529
- -
$1,605,343
10,962 - -
1,616,305
- -
Central
Garage
$ 29,160
2,149
248 - -
31,557
1,626,199
(804,796) .
821,403
$1 9 192,529 $1,616,305
LIABILITIES AND FUND EQUITY
Current Liabilities
Accounts payable
Accrued wages payable
Due to other funds
Estimated claims payable
TOTAL CURRENT LIABILITIES
TOTAL LIABILITIES
Contributed Capital
Contributed from other funds
- $ - -
255,640
255,640
255,640
500,000
$ 5,043 - -
654,957
660,000
660,000
850,000
$ 33,770
16,798
153
50,721
50,721
-
780,977
Retained Earnings
Reserved
Unreserved
TOTAL RETAINED EARNINGS
TOTAL FUND EQUITY
TOTAL LIABILITIES AND FUND EQUITY
-
106,305
-
21,262
436,889 106.305 21,262
936,889 956.305 802,239
$1.192.529 $1.61 6,305
Continued on next page
104
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Totals Health
Insurance
Data
Processing 1986 1985
$96,599
1,141
2.165
-
$60,000 - $2,973,650
24,233
248
2.165 1
$1,942,199
167
-
- -
60,000 99,905 3,000,296 1,942,366
1,626,199
(804,796)
1,556,629
(795,034)
821,403 761,595
$99,905 $60,000 $3,821,699 $2,703,961
$ 44,235
15,280
$16,568 - - -
16,568
16,568
$ 55,381
16,798
153
910,597
982,929
982,929
508,955
568,470
568,470
60,000 2,190,977 2,130,977
I -
83,337
-
647,793
-
4.514
83,337 647,793 4,514
83,337 60,000 2,838,770 2.1 35.491
$99,905 $3,821,699 $2,703,961
105
__ __ ~ __ ~-
CITY OF CARLSBAD
COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS
FOR THE YEAR ENDED JUNE 30, 1986
WITH COMPARATIVE FIGURES FOR THE YEAR ENDED JUNE 30, 1985
I NTERNALSERVICE FUNDS
OPERATING REVENUE
Other charges for services
Reimbursed expenses
M isce II aneous revenue
TOTAL OPERATING REVENUE
OPERATING EXPENSES
Personnel services
Office expense
Repairs and maintenance
Professional services
Depreciation
Fuel
Supplies and parts
Claims expense
Other operating charges
TOTAL OPERATING EXPENSES
OPERATING INCOME (LOSS)
NON-OPERATING REVENUES
Interest revenue
Sale of property
TOTAL NO N-OPERATI NG REV EN U ES
OTHER FINANCING SOURCES
Operating transfers in
TOTAL OTHER FINANCING SOURCES
NET INCOME
RETAINED EARNINGS (DEFICIT)
AT BEGINNING OFYEAR
RETAINED EARNINGS
AT END OF YEAR
106
Workers’
Compensation
General
Liability
Self
Insurance
Is-
386,959 -
- $
395,600 -
386,959 395,600
- -
238,216 -
238,216 461,652
148,743 (66,052)
91,934 - 99,461 -
91.934 99,461
~~ -
240,677
196,212
$436,889
285,000
285,000
31 8,409
(21 2,104)
$106,305
Continued on next page
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Totals Central
Garage
Health
Insurance Data
Processing
$-
e -
1986 . 1985
$691,331
20
46
$ 52,744
. 300,320
$ 772,669
495,269
1.259
$ 744,075
46
1,827.020
1,082,aw -
353,064. ~ 691,397 1.269.197
~~
240,154
10,942
15,133 140,040
185,697
85,608
56,852
- -
240,154
10,942
56,852 15,133
140,040
185,697
85,608
971,790 -
244,033
7,791
77,310
6,543
141,349
190,176
81,180
404,028 -
734,426 271,922 1,706,216 1,152,410
(43,029) 81,142 120,804 11 6,787
16,959
26,926
43,885
-
21 6,657
20,787
237,444
2,195
2,195
- 21 0,549
26,926
237,475
285,000
285,000
a56
20,406
83,337 643,279
4,514
354,231
(349,717)
$ 4,514
-
$ 83,337 $ 21,262 $ 647.793 $-
1 07
__ ~~~ ~~
CITY OF CARLSBAD
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION
FOR THE YEAR ENDED JUNE 30,1986
WITH COMPARATIVE FIGURES FOR THE YEAR ENDED JUNE 30,1985
SOURCES OF WORKING CAPITAL
Operations:
Items not requiring working capital:
Net income
Gain on sale of property
Depreciation
Working capital provided by operations
Proceeds from sale of property
Contributions from other funds
TOTAL SOURCES OF WORKING CAPITAL
USES OF WORKING CAPITAI,
Acquisition of property, plant and equipment
TOTAL USES OF WORKING CAPITAL
NET INCREASE (DECREASE) IN WORKING CAPITAL
ELEMENTS OF NET INCREASE (DECREASE)
Cash and investments
Accounts receivable
Accrued interest receivable
Estimated claims payable
Accounts payable
Accrued wages payable
Due to other funds
NET INCREASE (DECREASE) IN WORKING CAPITAL
IN WORKING CAPITAL
Workers’
Compensation
$240,677
General
Liability
Self
Insurance
$31 8,409
- -
240,677 31 8.409
240,677
- -
$240,677
$261,295
9,981
(40,896)
10,297
-
- -
$240,677
- -
31 8,409
- -
$318,409
$671,112
10,962
(360,746)
(2s 9)
-
- -
.$318,409
Continued on next page
108
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Central
Garage
Health
Insurance
$ 856
(26,926)
140.040
$83,337
Data
Processing
$-
11 3,970 83,337 - -
113,970
172,922
172,922
$ (58,952)
-
60,000
83,337
- -
$83,337
$96,599
2,165
1,141 -
(16,568) - -
60,060
- -
$60,000
$ (58,952) $83,337 $60,000
Totals
1986 1985
$ 643,279 $354,231
(26,926) (20,787)
140,040 141,349
756,393 474,793 - 24,048
60,000 35,521
816,393 534,362
172,922 317,645
172,922 31 7,645
$ 643,471 $216,717
$1,031,451
2,246
24,233
(401,642)
(1 1 , 146)
(1 951 8)
(153)
$202,502
(476)
(21,545)
-
46,654
(10,418) -
$ 643,471 $216,717
109
Downtown Carlsbad
110
__ __ - .___ ~~
AGENCY FUNDS
Deferred Compensation Agency Fund
To account for amount employees have deposited in deferred compensation plans offered by
the City.
Contractors’ Deposits Agency Fund
To account for money deposited by contractors for designated future development.
Miscellaneous Deposits Agency Fund
To account for money deposited with the City for various items.
111
CITY OF CARLSBAD
AGENCY FUNDS- -~
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
FOR THE YEAR ENDED JUNE 30,1986
Deferred Compensation Agency Fund
ASSETS
Cash and investments
LIABILITIES
Deferred compensation payable
Contractors’ Deposits Agency Fund
ASSETS
Cash and investments
LIABILITIES
Deposits payable
Miscellaneous Deposits Agency Fund
ASSETS
Cash and investments
Accrued interest
Due from other funds
TOTAL ASSETS
LIABILITIES
Accounts payable
Deposits payable
TOTAL LlABl LlTl ES
Totals-All Agency Funds
ASSETS
Cash and investments
Accrued interest
Due from other funds
TOTAL ASSETS
LI A BI LlTl ES
Accounts payable
Deposits payable
Deferred compensation payable
TOTAL LIABILITIES
Balance
July 1,
1985
$449,977
$449,977
Additions
$221,732
$221,732
$31 1,581 $ 8,115
$31 1,581 $ 8,115
$2,289,926
105,901
- $22,283,813
82,801
9,878
$2,395,827 $22,376,492
$ 243,543
2,152,284
$2,395.827
$3,051,484
105,901
$3,157,385
$ 356,989
22,469,985
$22.826.974
$22,513,661
82,801
9,878
$22,606,340
$ 243,543
2,463,865
449,977
$ 356,989
22,478,100
221,732
$3,157,385
112
$23,056,821
Balance
June 30,
Deductions 1986
$- $671,709
$- $671,709
$225,567 $ 94,129
$225,567 $ 94,129
$1 2,174,715 $1 2,399,024 - 82,801
105,901 9,878
$12,280,616 $12,491,703
$ 243,543 $ 356,989
12,487,555 1 2,134,7 14
$12,731,098 $12,491,703
$12,400,283 $13,164,862 - 82,801
105,901 9,878
$12,506,184 $13,257,541
$ 243,543 $ 356,989
12,713,122 12,228,843 - 671,709
$1 2,956,665 $1 3,257,541
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- ~ CITY OF CARLSBAB
General Expenditures by Function
Last Ten Fiscal Years
Total‘l) General Cul t ure
Fiscal (Memo Govern- Public Public Recrea- Capital Debt
Year Only) ment Safety Works Welfare(zl tion Projects Service@’
1976-77$ 6,944,657 $1,811,106 $1,846,324 $1,288,248 0 $1,077,064 $ 744,700 $147,215
1977-78 8,755,846 2,191,287 2,407,823 2,048,980 0 1,123,954 839,505 144,297
1978-79 10,216,677 2,634,931 2,634,839 2,053,091 0 1,116,580 1,636,171 141,065
1979-80 12,176,699 2,977,618 3,027,900 2,344,302 $ 544,597 1,537,289 1,596,829 148,164
1980-81 16,407,099 3,648,090 3,407,025 2,868,460 608,009 2,261,888 3,469,027 144,600
1981-82 18,623,122 2,852,858 4,888,849 2,501,925 650,202 2,303,143 4,996,323 429,822
1982-83 15,463,426 2,272~ 74 5,285,609 2,935,279 727,155 2,573,014 1,233,048 437,147
1983-84 16,723,893 2,551,209 5,813,451 3,408,568 825,236 2,764,121 1,003,261 358,047
1984-85 22,279,729 3,008,056 7,020,105 2,974,480 860,556 3,278,290 4,619,242 519,000
1985-86 36,206,852 4,124,793 7,851,268 6,412,310 1,052,394 3,710,505 12,333,087 922,495
Includes General, Special Revenue, Debt Service and Capital Project funds.
I21The City assumed responsibility for the Carlsbad Housing Office in 1979-80.
In 1982-83, the City adopted the entity concept of reporting. This causes the Debt Service expenditures
to increase due to the inclusion of the City’s Building and Parking Authorities Lease Revenue Bond pay-
ments.
GENERAL EXPENDITURES BY FUNCTlON
GENERAL
GOVERNMENT 11.2%
1985-86
/-- 4.1
PUBL I c
SAFETY
PUBL I c
WORKS
21.7% - 7.9
VALUES ARE IN MILLION DOLLARS
CULTURE k
RECREATION 1O.Z 3.7
WELFARE 3.0%
1.1
DEBT SERV I CE 2.5%
0.9
CAP 1 TAL
PROJECTS 33.8%
12.3
114
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GENERAL EXPENDITURES BY FUNCTION
TOTAL EXPENDITURES - LAST TEN YEARS
M ILL I ON DOLLARS
30
20
10
0 77 78 79 80 81 82 83 84 85 86
FISCAL YEAR
INCLUDES GENERAL.SPECIAL REVENUE. DEBT SERV & CAPITAL FUNDS
SPEND I NG ON CAP I TAL PROJECTS
LAST TEN YEARS !
M ILL I ON DOLLARS 15
1
YEAR
INCLUDES GENERAL. SPECIAL REVENUE. DEBT SERV h CAPITAL FUNDS
115
Fiscal
Year
1976-77
1977-78
1978-79
1979-80
1980-81
1981 -82
1982-83
1983-84
1984-85
1985-86
Total
$ 9,127,256
10,838,146
9,395,988
12,673,232
16,748,825
16,543,575
18,314,250
23,870,285
31,272,744
37,078,236
-1- CITY OE CARLSBAD-
General Revenue by Source(')
Last Ten Fiscal Years
Property
I Taxes Sales Tax
$2,923,710
3,484,504
1,633,938
2,615~ 81
3,344,171
4,193,938
4,449,196
4,848,041
5,243,124
6,769,473
$1,402,841
1,967,968
2,389,832
2,969,586
3,302,134
3,941,152
3,974,732
4,891,379
5,726,373
6,222,008
Franchise
Taxes
$ 96,818
11 1,271
141,189
175,257
250,101
288,956
358,228
466,102
515,087
586,479
(''Includes General, Special Revenue, Debt Semice, and Capital Project funds.
I 3 I
Other Taxes I
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$ 939,574
1,056,924
1,242,152
1,302,526
1,615,950
1.347.202 I.
1,950,631
231 0,600 I
I 2,611,584
2,786,368
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____
Business
Licenses
$1 41,050
151,768
186,845
242,342
247,798
258,663
279,973
351,875
428,546
471,470
-
Other Licenses
Intergov-
ernmental
$ 908,521
909,201
626,749
829,623
1,048,332
537,476
491,267
2,099,942
3,042.1 10
3,525,394
$ 576,762
655,588
1,343~ 02
1,133,947
1,875,243
2,551,262
1,777,587
2,060,542
2,924,892
873,544
Charges for
Services
$1,585,056
1,411,538
1,303,342
1,577,622
1,969,808
2,451,708
4,747,951
9,406,829
3,877,542
8,541,600
MILLION DOLLARS 500
YEiP
Fines and Forfeits Interest
$1 39,480
125,964
129,504
152,171
230,684
260,498
231,086
256,471
345,750
288,055
$ 325,749
557,618
952,378
1,294,625
1,573,375
1,794,676
1,396,896
1,542,092
2,638,536
2,857,221
Miscellaneous
$ 87,695
187,846
134,471
171,197
124,791
75,963
179,271
378,245
119 492
1,210,056
2
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- __ CITY OF CARLSBAD
Ratio of General Bonded Debt to Assessed Valuation
and Net Bonded Debt Per Capita
Last Ten Fiscal Years
Fiscal Year
1976-77
1978-79
1979-80
1980-81
1981 -82
1982-83
1983-84
1984-85
1985-86
1977-78
Net Assessed
Va luat Ion (1)
Outstanding
Principal'o
Percent of
Total
Valuation
Per Capita
Debt
$ 626,519,420
786,791 ,51 6
981,186,480
1,250,154,952
1,444,275,932
1,687,082,037
2,015,289,869
2,194,598,447
2,495,887,152
2,894,233,860
$1,680,000
1,595,000
13 10,000
1,425,000
1,245,000
1,145,000
1,030,000
915,000
900,OOO
785,000
0.27 '/o
0.20
0.1 5
0.1 1
0.08
0.06
0.05
0.04
0.05
0.03
(11 Net assessed value is stated at 100% of market value.
(21 Library and sewer general obligation bonds.
I3l Population as of January 1 each year per the State Department of Finance.
$69.59
57.07
47.04
40.20
34.97
31.65
26.39
22.60
20.19
16.06
Population(3)
24,143
27,946
32,100
35,448
35,606
36,172
39,037
40,665
44,566
48,872
Clpf OF CARLSBAD
RATIO OF OUTSTANDING GENERAL BONDED DEBT TO POPULATION
118
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25% of Assessed Valuation
CITY OF CARLSBAD
Computation of Legal Debt Margin
June 30,1986
Debt Limit 15% of Assessed Valuation
Amount of Debt Applicable to Debt Limit:
Bonded Debt(')
Capitalized Leases
Total Amount of Debt
Applicable to Debt Limit
$723.558.465
$108,533,770
$3,310,000
275,783
3,585.783
LEGAL DEBT MARGIN
Percent of Debt Limit
$1;04,947,987
3.30%
tl) Total Bonded Debt-General Obligation Bonds
(Library and Sewer)
Parking Authority
Building Authority
TOTAL BONDED DEBT
119
$ 785,000
2,330,000
195,000
$ 3,310,000
~ I _. . - -- _. CITY OF CARLSBAD
Schedule of Direct and Overlapping Bonded Debt
June 30,1986
1 1985-86 Assessed Valuation: $2,918,133,891 (after deductina $34,043,169 redevelopment tax allocation ... - increment)
DIRECT AND OVERLAPPING BONDED DEBT:
San Diego County Building Authorities
San Diego County Water Authority
San Diego County Water Authority Certificates of Participation
Metro pol it an Water District
Oceanside-Carlsbad Community College District
Carlsbad Unified School District (various issues)
Carlsbad Unified School District Authority
San Marcos Unified School District
San Dieguito Union High School District
Encinitas Union School District
Encinitas Union School District Authority
Other School Districts
Tri-City Hospital District
Palomar Pomerado Hospital District 8, Authority
Leucadia County Water District
San Marcos County Water & I.D.’s # 1,2,6
Costa Real Municipal Water District
Costa Real (Carlsbad) Municipal Water District,
Olivenhain Municipal Water District I.D. # 1
City of Carlsbad
City of Carlsbad Building Authority
City of Carlsbad Parking Authority
City of Carlsbad 1915 Act Bonds
Vista Irrigation District
Certificates of Participation
Improvement Districts # 1,2,3,4
TOTAL DIRECT AND OVERLAPPING BONDED DEBT
Ratios to Assessed Valuation:
Direct Debt ($3,310,000) 0.1 1 %
Total Debt 1.68%
Source: California Municipal Statistics, Inc.
% Applicable Debt 6130186
4 .O 1 8%
4.175
4.175
0.675
25.656
94.946-94.954
94.909
21 .a1
9.240
23.981
23.981
Various
31.71 3
0.632
49.786
4.569-8.596
98.133
96.152-98.124
30.436
100.
100.
100.
100.
0.009
$ 6,802,675
1,455,405
4,175,000
3,607,686
38,484
757,640
2,125,962
681,359
397,320
376,501
346,525
12,396
739,053
108,578
389,221
143,728
12,266,625
1,081,960
51 5,890
785,000
195,000
2,330,000
9,570,000
559
$48,902,574
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Year
CITY OF-CARLSBAD .-. - .
Ratio of Annual Debt Service
For General Bonded Debt to Total General Expenditures-
Last Ten Fiscal Years
Principal Interest
1976-77
1977-78
1978-79
1979-80
1980-81
1981-82
1982-83
1983-84
1984-85
1985-86
$ 85,000
85,000
85,000
95,000
95,000
100,000
115,000
1 15,000
1 15,000
15,0ooO,
$62,215
59,297
56,038
53,164
49,600
46,160
42,757
38,022
33,723
29,727
Total
Debt
Sewicecl)
$1 47,215
144:297
141,038
148,164
144,600
146,160
157,797
53,022
148,723
144,727
Total
Generaba
Expenditures
$ 6,944,657
8,755,846
10,216,677
12,176,699
16,407,099
18,623,122
15,463,426
16,723,893
22,297,729
36,206,852
Ratioof Debt
Service to General
Expenditures YO
2.1 O!O
1.6
1.4
1.2
0.9
0.8
1 .o
0.3
0.7
0.4
11) Debt service requirement on General Obligation Bonds comprised of 1962 Sewer Bonds Series A, 9, C;
and 1966 Library Bonds. Excludes debt service for Building and Parking Authorities.
(2) Includes General, Special Revenue, Debt Service and Capital Project funds.
(3) In 1983-84, the City began recording principal payments in the year they become payable. The general
obligation principal payments for the City’s sewer bonds are due July 1 and have previously been recorded
as paid by the City on June 30 each year.
~~
RATIO OF DEBT SERVICE TO GENERAL EXPENDITURES
Ratio (in X)
I YEAR
121
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- I- CITY OF CARLSBAD
Revenue Bond Coverage-Water Bonds
Last Ten Fiscal Years
- ~~ __ . . - - -
Fiscal
Year
1976-77
1977-78
1979-80
198081
1981 -82
1982-83
198584
1984-85
1985-86
197a79
Gross
Revenue
$1,271,353
1,388,l 95
1,525,143
1,806,817
1,997,591
2,084,262
1,934,415
1,672,564
1,371,214
1,522,383
Direct
Operating
Expenses
$ 897,240
1,023,717
1,269,836
1,333,560
1,655,756
1,620,519
1,945,681
1,557,173
1,119,336
1,317,953
Net Revenue
Available
for Debt
Service
$374,113
364,478
255,307
473,257
341,835
463,743
(1 1,266)
1 '1 5,390
251,878
204,430
Debt Service Requirements
Principii
$ 60,000
85,000
90,000
95,000
105,000
21 5,000
1 15,000
125,000
130,OOO
Interest
$96,362
91,245
85,603
80,377
74,985
69,715
64,492
56,875
50,138
42,531
Total
$1 76,362
176,245
175,603
175,377
179,985
284,715
179,492
56,875
175,138
172,531
Coverage
21 2%
207
145
270
190
1 63
(6)
203
144
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In 19851984 the City began recording principal payments for the water revenue bonds in the year in
which they became payable. In prior years principal payments had been recorded as paid on June 30 of
each year rather than July 1 of the following year.
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WATER ENTERPRISE GROSS REVENUE AND DIRECT OPERATING EXPENSES
LAST TEN YEARS
~~ ~ ~- GROSS D-rR€CLQP. - ____
EXPENSES REVENUE ---
MILLION DOLLARS 2.
2.
1.
1.
0.
FISCAL YEAR
SEE NOTES TO THE FINANCIAL STATEMENTS FOR FURTHER INFO.
NET REVENUE AVAILABLE FOR DEBT SERVICE
LAST TEN YEARS
THOUSAND DOLLARS
FISCAL YEAR
SEE NOTES TO THE FIHANCIAL STATEMENTS FOR FURTHER INFO.
...
Year
~
Square
Miles
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1990
(est ima t e)
1995
(est ima t e)
2000
(estimate)
28.7
28.7
29.1
29.4
29.7
29.8
32.0
32.0
35.6
36.0
CITY OF CARLSBAD
Demographic Statistics
Last Ten Fiscal Years
Populatlonw
24,143
27,946
32,100
35,448
35,606
36,172
39,037
40,665
44,566
48,872
75,3003
92,1003
1 07,300(31
Population
Percent
Changes
15.1 '/a
15.8
14.9
10.4
0.4
1.6
7.9
4.2
9.6
9.7
County
Population(')
1,656,800
1,694,800
1,767,450
1,808,200
1,899,900
1,924,700
1,986,035
2,041,362
2,083,359
2,166,169
(2)
cn
(9
1') Source-County Data Base, San Diego County
0) Population for City General Plan area-San Diego Association of Governments Series VI
County Future Population Estimate Not Available
population forecast.
Source-State Department of Finance.
POPULATION
LAST TEN YEARS
POPULAT I ON -
THOUSAND
\EAR
POPULATION AS OF JANUARY 1 EACH YEAR - PER STATE DEPT OF FIN
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Population
Percent
of County
1.5 '/o
1.6
1.8
2.0
1.9
1.9
2.0
2.8
2.1
2.3
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Fiscal Year
1976-77
1977-78
1978-79
1979-80
1980-81
1981 -82
1982-83
1983-84
1984-85
1985-86
~- CITY OF CARtSBAD __ -
Schedule of Assessed Valuation
Last Ten Fiscal Years
Secured
Property
$ 634,981,140
801,704,900
999,559,196
1,273,499,832
1,467,470,336
1,700,974,823
2,027,411,290
2,19561 1,840
2,487,497,173
2,893,268,927
Unsecured
Property
Less
Property
Exemptions
Total
Valuation
$29,525,016
36,462,064
43,293,144
51,751,756
35,508,800
43,077,175
50,604,897
57,309,394
75;231,054
77,524,350
S 4,598,456
8,758,480
8,685,684
9,419,844
10,315,004
8,210,761
13,841,078
8,401,587
14,605,675
18,616,217
$ 659,907,700
829,408,484
1,034~ 66,656
1,315,831,744
1,504,664,132
1,735,841,237
2,064,175,069
2,244,519,647
2,548,122,552
2,952,177,060
NET ASSESSED VALUATION
Last Ten Years
3 ILL I ON DOLLARS
77 79 ao ai a2 83 a4 a5 86
YEAR
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Inventory
Exemptions
Homeowner's
Exemptlons
~~
$ 9,217,080
12,680,768
16,640,376
20,829,192
0
0
0
0
0
0
$24,171,200
29,936,200
36,339,800
44,847,600
48,388,200
48,759,200
48,885,200
49,921,200
52,2&,40u
57,943,200
Net
Taxable
Value
$ 62631 9,420
786,791,516
981,186,480
1,250,154,956
1,444,275,932
1,687,082,037
2,015,289,869
2,194,498,447
2,495,887,152
2,894,223,860
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.. -~ CITYOFCARLSBAD ~ ~ --
Construction and Business Activity
Last Ten Fiscal Years
Buildlng
Permit Percent Estlmated
Fiscal Year Revenue Change Valuatlorv)
1976-77 $613,427 222.0%
1977-78 520,603 (15.1)
1978-79
1979-80
1980-81
1981 -82
1982-83
1983-84
1984-85
1985-86
1 19,224
181,839
328,453
271,542
490,100
1,055,738
1,397,129
1,068,876
(77.1) $ 23,700,000
52.5 41,900,000
80.6 85,900,000
(1 7.3) 52,700,263
80.5 79,400,000
118.1 198,520,304
(1 4 21 3,403,469
32.3 263,548,719
(l) Information for fiscal year 1976-77 through 1977-78 is not available.
Busines8
LIcenses
Issued
141,050
151,768
186,845
242,342
258,663
279,973
351,875
428,546
471,470
247,798
Percent
Change
26.8%
7.6
23.1
29.7
' 2.3
4.4
8.2
25.7
10.0
21 .a
ESTIMATED BUILDING VALUATION
1978-79 TO 1985-86
M I LL I ON DOLLARS 300
79 ao 81 a2 a3 a4 as 86
FISCAL YEAR
L'ALUATION PRIOR TO 1978-79 NOT AVAILABLE
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Year
1979-80
1980-81
1981 -82
1982-83
1983-84
1984-85
1985-86
._ - CIIYOF CARLSBAD -.
Property Tax Levies and Collections
Last Seven Fiscal Years
Total
Current
Levy
3,177,757
3,819,009
4,491,805
5,082,021
5,605,774
6,051,971
7,013,691
Source: San Oiego County Auditor/Controller
Information prior to Fiscal Year 1979-80 is unavailable.
Total
Current
Collections
3.1 77,892
3,742,244
4,3251 52
5,017,599
5,491,980
5,984,957
7,201,032
o/o of
Collected Levy
100.00%
97.99%
96.29%
98.73%
97.97 '/o
98.89%
102.67%
TOTAL TAX LEVY
1979-80 TO 1985-86
MILLION DOLLARS
80 81 82 83 84 85 86
YEAR
DATA PRIOR TO 1979-80 NOT AVAILABLE
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CITY OF CARLSBAD . -
Miscellaneous Statistical Information
Date of Incorporation
Type of City
Form of Government
Area
Population
Number of Street Lights
Miles of Streets
Fire Protection:
Number of Stations
Number of Firefighters & Officers
Police Protection:
Number of Stations
Number of Sworn Police Officers
Municipal Water District:
Number of customers
Average daily consumption
Miles of lines and mains
Miles of Sewers
Recreation and Culture:
Number of Parks (Improved and unimproved)
Area of Parks
Pools
Number of Libraries
Number of Volumes
Total Number of City Employees
130
July 16, 1952
General Law
CounciVManager
35.6 sq. miles
48,872
175
3
48
1
62
13,600
16.8 million gallons
300
95
33
90 Acres
1
2
164,065
357
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Firm
ManufacturinQ:
CITY OF CARLSBAD __
Schedule of Principal Employers
1985-86
ProductlService
Hughes Aircraft Company,
Burroughs Corporation
Sargent Industries
Sierracin-Magnedyne, Inc.
Eaton-Leonard Corporation
Dyna Med Inc.
Beckman Instruments
Watkins Products
Industrial Products Division Electronic components
Computer components
Industrial seals
Electronic motors
Vending machines
Emergency medical products
Microbics operation
Spas
Non-manufacturing:
Plaza Camino Real
La Costa Hotel 8. Spa
Car Country Auto Dealers
Carlsbad Unified School District
San Diego Gas 8. Electric, Encina
Pea Soup Andersen's
Army 8. Navy Academy
Frazee Flowers
Coast Waste Management
Cablevision
Shopping center-@ major
Hotel 8. health spa
Car dealers
Education
Power generation
Restaurant/Hotel
Private juniorlsenior
high school
Flower growing and
processing
Refuseldisposal Company
Commercial television
department stores)
All major agencies
Number of
Employees
1,400
325
200
150
275
180
172
141
1,000
1,000
500 (est.)
425
414
200
106
100
75
50
Source: City of Carlsbad Chamber of Commerce
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