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CITY Oi' CARLSBAD
REPORT Ol�i FINANCTAL STATEM�:NTS
(�JZTH S�PPZErtWNTAL MAT�RIAL)
YEAR ENDEA JUNE 30, 1980
G�ORGE A.PETERSON & CO.
CERTFf1�A PUBLIC ACCOUNTAN7S
�SIEf IVANHqE AVENUE
LA JOLLr, CAI.iFORNIA 92037
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CITY OF CARLSB�D
TABLE OE CONTE�ITS
Auditors' Report
Financial Statements:
Combined Balance Sheet - Al1 Funds
Combined Statement of Changes
in Fund Balances
General Fund - Statement of Revenues,
Expenditures and Encumbranr.es
Special Revenue Funds - Combined
Balance Sheet
O�her Special Revenue Funds -
Combined Balance Sheet
Special Revenue Funds - Combined
Statement of 12ev�nues, Expenditures
and Encumbrances
Other Special Revenue Funds - Combined
Statemen� of Re��enues, EYpenditures
and Encumbrances
Special Revenue Funds - Combined
Statement of Changes in Func� Balances
Other Special Revenue Funds - Comb�.ned
Statement af Changes in Fund Balances
Debt Service Funds - Combined
Balance Sheet
Debt Service Funds - Combined Statement
of Reventtes, Expenditu�es and
Fund Balances
Sewer Construction (Capital �rojects
Fund) Staternent of Revenues,
Expenditures and Fund Balance
Water Department (Enterprise Fund)
Statement of Operations
Water Department (Ent�r�rise Fund)
Statement o£ Chanqes in Re�ained
Earnings
Water Department {Enterprise F�xnd)
5tatem�nt, of Changes in
Financial Position
Exhibit
�i
B
C
D-1
D-1a
D-2
D-2a
D-3
D-3a
E-1
E-2
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G-1
G-2
G-3
�e
1
2-3
4
5
6
Sa
7
7a
$
8a
9
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10
11
12
13
14
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TAF3I,E OF CONTENTS (CONTiNUED)
Trust and Agency runds -
Combined BaI.ance Sheet
Summary of Acr_aunting Policies
Notes to P'inancial Statements
Supplemental Schedules:
Combined ScheduZe of Investments
Schedule of U�ility Plant in Service
Schedule o£ Gen�rai Fixed Assets
Schedule of Genera� �b�.igation
Bc�nds Payable
Schedule of Water Revenue
Bonds Payable
Schedule of Revenues -- GeneraZ E'und
Schedule c,f Expenditures and
Encumbran�es - General Fund
Exhibi�
H
AA
BB
CC
DD
EE
FF
GG
Paq e
15
16-17
18-23
24
25
26
27
28
29
30
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AUDITORS' REPORT
Honorable City Council
City of Carlshad, California
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We have exami.ned tlie financial statements oi the various
' funds and account groups of �he City of Carlsbad for the year
i
i ended June 30, 1980, listed in the foregoing table of contents.
}
� dur examination was made in accordance with gen.erally accepted
, auditing standards and accord�,ngly, incI.uded such tests of the
accounting records and such other auditing proeedures as we
� consid�red nec�ssary iii the circumstances.
OCOqbC A.PCitRSON�C,�.A
PICMMD t.CVANS�G, r.A.
�NOMA3 J.lRADY�A.P,C.�C.P,A
6CN� R, KON RAD�C, p, A.
GEORGE A. PETERSON & CO.
.:ERTIFIED PUBLIC ACCOUNTAN75
7816 IVANHOE AVENUE:
LA JOLLA, CALIFORNIA 92037
TLLCPNONt (i14) ♦S4•617G
MCMOEF:S
ARiCqICAN INSTITUTC Of
CLRiICICO �UELiC AGCOUNiANTS
CAUi011NIA SOCILTY OF
GLpT1i�CD PUBCIC �CCOUNTANTS
In our opinion, the a�ozem�:n�ioned financial statements
; present tair].y the £inancial position of the various funds and
�
; account gxoups of the City of Carl.sbad at June 30, 1980, and
; the results of operatioizs o� �uch funds and �he changes in
4
, financial position of the Water Departmeat Ftind for tha y�ar
then ended, in conformity with qenerally accepted accounting
� principlEs applied Qn a basis consistent with that of the
' p�ec�ding year.
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The accompanying sugplemental schedules and the columns
on the accompanying combined balance sheet and combined state-
men� o t changes in fund balances captioned "To�al -- Memorandum
On1y", are not necessary for a tair presentation of the tinancial
statements, but are presented as addita.onal analytical data. •The
supple�ental schedules have been subjected to the tests and ather
audi�ing grocedures applied in the examination ot the finax�cial
statement� l,isted in fihe foregoing �able of c�ntents and, in
our c?pinion, ar� 'fairly stated in a1J. material resnec�s in
reJ.ation ta the �inancial statements taken as a whole.
Septemb�r 12, 1980
GEORGE .a. P�TERSON & C0.
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Exl�ibit B
CI�Y OF CARLSBaD
COMBINEA STATEMENT OF CHANG�S IN FUND BAL.ANCES -- ALL FUNDS
Year ended June 30, 1980
�ewer
Construction :
Special Debt (Capi�.al Total. '
G�neral Revenue Service Projects (Meno�andum
� Fund Funds Funds Fund) On1y)
, Balances, � �
June 30, 1979 $ {20,35:�) $4,210,599 $].46,465 �1,193,883 $5,530,594
Prior y�ar's ;
� ad�•is�tments:
Acceunts
� recsivable 4,107 4,107 �
Taxes r.eceivable ,(14,000) 14,000 �
�
; Resta�ted �
; B�I.anc�s �
; June 30, 1979 (30,246) 4,224,599 146,465 1,193,883 5,534,,7Q1
, .
; �Excess '
; (3eficiency)
of revenues ;
ovex expen-
� ditures and
; encumbrances 759,447 482,940 13,583 (63,440) 1,192,53Q •
; Acljustment � �
i to pria�r �
' year's en-
� cumbrances 20,264 123,973 14'4,237 -
� Change in
� reserve for
? contin�ing
� appropri'ati�n 16�r948 (796,739) (1,9d1,916) (2,534,707)
jFunds tzans- '
; ferred to
j City control 13,184 13,184
�
� Tn�ertund `
� trans�ers �2,326,803) 2,3�6,803
, Balances,
Juz�e 30r ].980 $(1,41____3�3�) $6,374,760 $160,048 S (771,473) $4,349,945
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See accompanying s�.unmary of accounting golicies and notes ta f�.nancial
statements.
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�.T.`�'Y .^.i C i�oBAu
GENERAL FliND
STATEAIENT OF REVENU�S, EXPENDITU�2E;S AND ENCUMBRANCES
Year ended June 30, 1980
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Revenues: (Exhibit FF)
Taxes
Licenses and permits
Intergovernm�ntal revenue
Charges for ssrvices
Fines and forfeitures
�Earnings on investments
NTi sceT 1 aneous
Total revenues
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Expendi�ures and encumbrances:
(Exhibit GG)
General government
Public S�fety
Public works
Lease�
fiotal expenditures
and encumbrances
Excess (de�iciency) of rsvenues
over e:.penditures and
en.^.umbrances
Over
Final (Underl
Bu3get Actual Budqet
$6,711,000 $6,557,781 $(153,219)
200,000 181,839 (18,151)
1,062,000 1,051,534 (10�,466)
590.,000 730,032 140,032
1_30,000 152,Z71 22,17I
s75,00Q 823,414 248,414
150,700 141,259 (49,44I)
9,418,7Q0 9,.598,030 179,330
4,676,855 4,212,245 (464,610)
3,027,900 2,994,443 (33,457)
1,598,167 1,406,141 (132,026)
231,658 225,754 (5,9Q4}
9,534,580 8,838,583 (695,997}
$ (1��) $ 759,447 $ 87.�5,327
See accompanying summary af accounting policies and no�es to financia],
statements.
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� CI�Y OF CARLSBAD
DEBT SERVICE FUNDS
COMBINE� BAL.ANGE SHEET
�'rune 30, 1980
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ASSETS
Cash
Inv�stments, at cast
Accounts and taxes rec�ivable
Accrued interest receivable
Total
FUND BALANCES
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Exhi�i� E-1
Library �zwer
Bond Bond
Total Fund Fund
$ 61,689 $ 60,814 $ 8/9
92,000 21,000 7=1,000
1,639 34 1,605
4,720 76 4,644
$160,048 $ 8Z,920 $.78,128
$-160,4�8 $ 81.920 $ '78,128
See accomga�nying summaxy o£ accountinq policies and no�es ta
financial s�a.�:emen�s.
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F�hih;t F-?
CITY OF CARLSBAD
DEBT SERVICE FUNDS
COMB�NED STATEMENT OF REVENUES, EXPENDI�i3RES AND FUND BALANCES
Xear ended June 30, 19�0
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Revenues:
Taxes
Earnings on investmerits
Total reveaues
Final budget
Over (under) budget
Expenc�itures:
Debt service
Final budget
Ovex (under) budget
Excess (deFiciency) o£ revenues
over expenditures
Total
$139,194
22,553
161,74?
144,500
$ 17,247
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Library
Bond
Fund
$ 1,914
10,654
12,568
12,000
$ 568
�.�_
Sewe�
Bond
Fund
$137,280
7.1, 899
149,179
132,500
$ 16,679
..�......
$148,164 $ 18,884 �129,280
149,893 19,Q00 130,893
$ t ��, ,�) ��� � c ���
$ 13,583 $ (6,310) $ 19,899
--�
See accompanying summary o£ accounting policies and nc�es to
financial statements.
-10-
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S�:WER CONST�tliCTI�N (CAPETALPROJECTS FUNDj
SZ'ATEMENT �F Ri,VENUES AN.n EXPENDITURES
Year ended June 30, I980
Revenue�:
Earninc�s o:� inv�stments
Total revenues
�'inal budge�
Over (underj budget
Expenditures:
Sewer construction
Final budget
Over (under) budget
Deficiency of revenues over expenditures
an�d encumbrances
�
$ 149,793
149,793
100,000
$ 49,793
$ 213,233
2,042,555
$(1,8�29,322�
$ (G�� 3,3 440)
See aacompanying summary ot accounting policies and notes to
iinanc�a]. statemen�s.
-11-�
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Exhibi4 G-1
. �._..
CITv OF CARL5BAD
�•tia•�n UC;YAttl'In�:tVl (ENTEFtPRTSE FUND2
STATEMENT OF OPERr1TSONS
Year ended June 30, 1980
Operacinr revenues:
Wa�er saYes
Conne�tibn charges and other fees
Total operating revenuEs
Operating expense�:
Water production and purifica�ion
Water transmi�sion and distribution
General and administxative
Total operating e.cpenses
Operating inccame
N�n-opera'ting revenue;
Earnings on investmen�s
aale oE �axed assets
Total non-opeza�ing revenue
Non-apera�.ing expenses:
Interest ar.d fiscal agents' fees
Net incpme
$1,479,826
11,980
1,491,806
821, 6i4
267,589
244,297
1,333,56Q
1S�
233,385
81,626
315,Q11
��,��x
�
$ 395,G85
_�
See accompanying summary at accot�n�ing palicies and nates �o
financial sta�ements.
-za-
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Exhibit G-2
CITY OF CARLS�3AD
WATER DEPA�TMENT (ENmERPRISE FUND)
STATEMENT OF CHANGES IN RET�IINED EARNINGS
Year ended June 30, 1980
Balance at beginning of year $2,7gq,25g
Add: ne� income for the year 395,685
3,179,944
Aeduct:
Tncrpase in reserve for bond debt service 91,1G3
Balance at end of year $3,088,781
See accompanying summary of accoun�ing policies and n�tes to
�inancia7, statements.
-13-
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Exhibit G-3
CITY Ok� CARLSBAD
WATER DEPARTMENT (EIVTERPRISE I'UND)
, STATEMENT OF CHANGES IN FINAN"CIAi, POSITION
Year ended June 30, 1980
i
1
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�
�OURCE OF Ft�NDS
Operations: •
Net income
Items not requiri.ng current
outlay oi funds:
Depreciation and amortization
Tota1 �per�,�tions
Increase in r�serve far construction
Tota1
APPLICATION OF FUNDS
Aclditions to u�ility plant in Service
Retirement of revenue bonds
Tncrease in construction in p.rogress
Increase in restr�,cted assets
Increase in working capital
Total
VARIOUS ELEMENTS OF NET DECREAaE
IN WORKING CAPITAI,
Cash
Investments
Accounts receivable
Accrued interest reaeivabl�
znventory
Prepaid expenses
Accoun�s payable
Due to geiieral fund
Boncis payable--current portion
Accrued interest payabZe
Deposits
Total
$395,685
144,702
536,387
49,S61
$585, 948
$ 22,690
100,000
80,310
146,507
236,4�1
$585,948
$ 2II,672
131,732
83,057
10,783
4,834
(2,419)
(23,123)
13,337
(5,000)
2,521
(7,953)
$236,441
'See ac�o3npanying summazy of accounting po].icies and notes tn
financial sta�ements.
-14-
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�xhibit H
CITY Q�' CARLSBAD
Ti?UST AND AGENCY FUNDS
COMBINED BAJLI�N�E SHEET
June 30, 1980
Tr.ust
Sewer Trust Funds- Trust
Revolving Funds- Miscel.- Funds-
Total Fund Payro7.1 laneoua Contr�ctors
ASSETS
Cash $ 200,516 $ Z9,&96 $ 26,399 $1O1,,Q$6 $ 53,335
Investments,
, at cost 1,538,000 42,000 200,0�0 5ii,(300 725,pp0
Accounts receivable
Accru�d interest
receivable 12,021 12,021
' 3
TotaJ. ass�ts $1,750,537 $,61,696 $226,399 $684,I07 $778,335
LIABILIfiIES
� Accoun�s,payaiale $ 229,949 $ 288 $ 76,399 $152,762 $
' T�eposits 1,521,Q88 61,408 150,000 531,345 778,335
� Total
� liabi�lities $1,75� $ 61,b96 $226,399 $684,107 $.778,335
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SPe accompanying summary of accounting policies and notes to f inancial
statemen�.s.
-15-
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C�TY OF CARLSBAA
SUMMARY OF ACCOUNTTNG POLICIES
; ThE accounting policies of the city con.form to generaZly
, accepted accounting principles as appZicable to governmental ,
' units. The following is a summary of the significan�t policies. �
BA51S OF ACCOUNTING
The General, Special Rev�nue and Debt Service Funds ars �
; maintained on the modifiec� accruaZ basis of accounting. Under
this method, revenues are generally recorded when considered '
� to be both measurable and available, etherwise when received ,
� in cash. Expenditures are generally recorded when incurred or ;
�
; encumbered, except prepaid �xpenses, which normally are not '
i recorded and interest on long-�erm debt, which is considered
� an expenditure when due.
Ths Capital Projects, Enterprise and Trust and Agenc�
Funds are maintained on an accrual basis of accounting. Such �
method provides an accurate matching �f revenues with asso- �
ciated benefits. '
; UTILITY PLANT IN SERVICE
� The Water Department utility plant in service is stated �
; at cost. Expenditures for additions, rene�vals and i�etterments ,
' are capitalized; expenditures for maintenance and repairs are '
# charged to eYpenses as incurred. Upon retirement or dispasal
�
� o£ assets, the cost and accumulated depreciation are elimir.ated '
;
? from the accounts and the resulting gair� or loss is included in
� income. D�preciation is computed on the straight-line method
;
; over the estimated useful lives of the assets.
�
S
�
i
GENERAL FIXED ASSETS
General fixed assets purchased are recorded as eYpenditurEs
in the respective funds at time of purchase. Such assets a,re
capitalized at cost in the general tixed assets group of accounts
except for streets and sidewalks. No depreciation has been pra-
vided on general fixed assets.
�16- (Continued)
;.
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�
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CSTY OF CARLSBAD
SUMMARY OF ACCOUNTING POLSCIES
; GENERAL FIXED ASSETS {Con�inued)
� �n recognition of current interpretations of accounting
principles relative to leasehold interests, certain lands and
� buildings being�leased by the City under lease contracts con-
; sidered to be noncancellable, were capitalized at cost in
,
General. Fixed Assets. The unpaid partions of lease rentals � t
� allocabl:e to cost (principal) are set up in the appropriate �
; liability accounts. �
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CITY OF CARLSBAD
ivv'tr;5 •�•U r'1iVANC'.IAt� 5'1'A`1'EMENTS
NOTE 1--CASH AND INVESTNLNTS
The CitX maintains one general bank account for all funds.
Inuestments are purchased through thi� account ax�d are then
allocated to the respecti�re funds based upon excess cash balances.
Included in the general fund cash of $(453,016) is $14,368 kept
in a separate checking account which is used for workmen's com- '
pensation payments administered by an agent.
, NnTE 2--RESTRICTED ASSETS
, 1�t June 30, 1980 the use of certain Water Department asse�s
� is xestricted as follows: �
� For construction:
Cash $ 33,967 �
Tnvest;nents 394, 000
Accrued interest rece�vable 1,866 �
�
. Total 429,833
� Fc�r debt service: �
4 Cash wi�h fiscal agent 140,195
Inv�stments 641,844
Acr.rued interest receivable 6,396 ,
� Total 788,435
For customers' meter d�posits: '
' Cash 33,448 '
s
; Total restricted assets $1,251,77.6
(Continued)
-18-
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:
CITY OF CARLSBAD
NQTES TO FI�IANCIAL STATEMENTS
NOTE 3--WATER REVENUE �30NDS PAYABLE
Water r�venue bonds payable are special obligations of
the City and are secured by a lien �n grass r�venues of the
Water Department. At 3une 30, 1980 authori-zed but unissued
� 1970 rev�nue bonds amounted to $575-,000.
�
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The bond resolutions reqiz'? x'P the City to impose taxes
and charges sufficient to maintain net revenue coverage of
1.35 �imes maximum debt service requirements in any futur�
year and 1 times any other obligations payable by the Water
Department. Net revenues for these purposes in the y�ar. ended
June 30, 1980 fulfilled these requiremen.ts. Also, pursuant
to the bond resolutions, the City has maintained the required
insurance coverage to the extent reasonably necessary to pro-
tect the �ity and the bondholders.
NOTE 4--RETIREMENT PLAN
; The City�s trusteed retirement plan is mandatory for ail
,
; fuZ�-time and regular par�-time emp].oyees from the first day
' of employment. For the year ended June 30, 1980 the City
i
; contribu�ed 10.046$ of salary for misc�llaneous employees and
�
� 17.759$ of sa�.ar,y for safety eMployees. Miscellaneous employees
y contribute 7� of the remainder of to�al salary less $61 for all
�
� sal.aries aver $184. Those with salaries less thdn $184 contri-
t
� bute 7$. The safety employees contribute 5.64$ to ].1.E5$ based
j on age upon beginning service with the City, of 100$ of monthly
y salaxy. The charge to expenditures for the plan was $633,900
�
� Eor the year ended June 30+ 1980.
i .
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; NOTE 5--VACaTION AND STCK PAY BENEFTTS
i
� As of June 30, 1980, employees of the Gity had earned but
'' no� taken vacation arid sick leave benetits which, a� their
current salary rates on such date, amounted to a�proximately
(Continued)
_lg..
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CITY OF CARL�BAD
NOTES TO FINANCIAL STATEMENTS
NOTE S--VACATION AND SICK PAY BENEFITS (Continued)
$568,000. If annual leave is not ta'cen by the employees duri.ng
their employment, the City is committed to make cash paym�nts
to them on termination or retirement at the salary rates then
in effec,::. Under exicting policy. Police and Fire Degartment
employees are eligible to receive one-fourth to one-half of
their accumulated and unused sick le�ve for those retiring
; pmployees who have worked over ten years and over fifteen years,
- respectively.
NOTE 6--LEASED PROPERTY UNDER CAPITAL LEASE
: The City participated wi�h the County of San Diego in the
t
� Carlsbad Building Authority under a joint-powers agreement,
�
( dated October 1, 1967, for the construction of a Civic Center '
� and its sul�sequent use by the City. The City is obl,igated to
�
pay an annual base rental of $36,000 plus amounts necessary �
' for other specified expenses of the Authority as provided for
; by �he lease. The l.ease shall remain in effect for forty years �
�rom the date of thE agreement or until al.l revenue bonds assumed
, by the Au�chority and interest due on the bonds have been paid or "
; provided £or, whichever sha11 occur fixst. The property shall
' automatically vest to the City at the end of the terrn of the
; lease. The City's leasehold interest has been valued at $460,201 �
which repr�sents the discounf:ed value of the total lease payments '
to be paid under the lease. The lease obligation has been valued
at the discounted value of the remaining annual lease payments
as af June 30r 1980 at $318,697.
The City participated with the City of Oceanside under �n
agreement dated May 16, 1978, tor the �urchase of an automated
circulation system tor their respective libraries. The Citv's
share of �he purchase price is $102,025. The lease obliqation
has been valued at the discounted value of tlle total remaining
(Con�inued)
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Vili VL ��..CITLJDfiL
NO`rES TO FINANCIAL STATEMENTS
NOTE 6--LEASED PROPERTY UNDER CAPITAL LEASE (Continued)
annual lease payment (5-year lease purchase agreement} as of
June 30, 1980 at $63,380.
The City is currently negatiating a lease with the City
of Oceanside whereby the Cit� will lease public parking near
a major shopping center fram the rity of Oceanside for a t�tal
rental of $700,040 ($70,000 annually for each of the first
ten years and $1 annually for each of th� remainin5 forty
years of a fifty-year lease).
NOTE 7--RENTALS UNDER OPERATING I�EASES
Under an agreement, dated August 21, 1969 •aith the Parking
Authority of the City of Carlsbad, the City has leased the off-
street parking facilities surraunding the Plaza Camino I2ea1
� Shopping Center. The City has agreed �o pay an annual rental of
� $138,400� plus tar.es, insurance and other operating costs. The
: lease �erminates on the date the revenue bonds issued by �he
Parking Authori�y have been re�ired or provision for payments
� made. The last o�f the bonds mature October 1, 1995, but are
, aallable Erom October l, 1979.
��
i'
On 1Vovemb�r 21, 1972, the City entered into an agreemen� with
the Tri-City Au�o Dealers Associati.on for the constructi�n of a
road and a.ts subsequent use by the City. The Ci.�y is obliyated
to pay an annual renta]: of $54,658 through 1983, sulaject �o cer-
�ain conditions to be met by th� Association.
The folloWing is a schedule by years of minimum iuture
rentals on non�cancel.lable operating leas�� as of June 30, 1980:
(Con�a.nued�
..21_
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CIT'Y Uk' CARL5BAD
NOTES `X'0 FINAIvi;�AL STATEMENTS
;
NOTE 7--RENTALS UNDER OP�itATING LEASES (Cnntinued)
Year ending June 30,
1981.
1982
1983
1984
1985
Later y�ars
Total minimum future rentals
NOTE 8--PARK-IN-LIEU FUND
$ 193,058
1.93,058
193,058
138,900
138,400
1,418,600
$2, 274 , 574
The Fund requires subdividers of land to dedica�e a portion
of the land or pay a fee for the purpose of providing park and
recreational facilities.
The amount of land required to be dedicated is based on the
gross area of the subdivision determined by a density formula.
Tn some instances a fee is required to be paid in lieu of
land dedicati.on. The amount of the fee is based upon the fair
market value of land required to be dedicated.
As oi June 30, 1980, �welve park lands i�ave been dedicated
�or which values have not been assiqned. Nineteen park lands
have been designated Lor deve].opment.
NOTE 9--FUNDS ESTABLISHED TN FISCAL YEAR 1979-1980
Public Facilities Construction Fund
This fund was created to aceumula�e a new public
facil,ities fee charged tor new development in the City.
The proceeds may be used only fo� �he puxpose ot acc�uir-
ing� building, improving, expanding and �quipping public
praper�y and tacilities.
(Continued)
-22-
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CIT`� OF CARLSBAD
I10TES TO FINANCIAL STATEMEitiTS
NOTE 9--FUNDS ESTABLISHE� IN FI5C�1L Y�;AR 1979-1980 (Continued)
?�ational Endowment for the Humanities
This �und was created to accumulate funds not to exaeed
$10,4d�J received under a one year planning grant by �he Na�tional
Endo�an,ent for the Humanities �o suppor� a].ocal hi�tory project.
Housing and Urban Development Fund
This fund was controlled by the Housing Authori�y but was
reorganized under City control as part of the Carlsbad Housinq
, and Red�velopment Commission. The fund balance transferred
represents the ba].aizce as of July 1, 1979 and the excess o£
revenue over expenditures is for �he entire fiscal year ended
June 3Q, 198Q.
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CIT,Y OF CARLSBAD
COMBINED S CNEDULE QF IV'JESTMENTS
June 30, 1980
Interest
Ra��
Savings Account:
Bank of America
Certificates of Deposit:
Rancho Santa r^� Savings & Loan
Southwest Bank
Southwest Bank
Southwest Bank
Southwest Bank
Southwest Bank
Santa Fe Federal Savings & I,oan
La �7olla Bank a� Trust
La Jolla Bank & Trust
�,a Jolla Bank & Trust
La Jolla Bank & Trust
Allstate Savings & Loan
Security Pacifac Na�ional Bank
Hawthorne Savings & Loan
Bank of Commerce
Union Hank
First F'ederal Savings & Loan
o� Santa Monica
San Aiega Federal Savings & Loan
Calif�rni.a Federal. Savings & Loan
Central Federa�, Savings & Loan
Glendale Federal Savings & I,oan
Eiome Federal Savings & Loan
Fixst National Bank of San Dieqo
Fed�ral Farm Credit Bure�u Notes:
Bank of Fime�ica
Bank �f Amexica
Bank of Ame "r:,ica
Bankers' Acceptance Notes: (at cos�)
5.500
I4.500
14.500
].7.900
1�.900
17.500
9.500
15.000
18.000
9.875
9.750
8.375
18.250
15.000
1a.500
12.000
9.750
10.750
9.500
10.000
10.000
10.250
10.000
10.500
13.1�0
1.3.150
15.300
Bank o� America �.8.000
Bank o� America 18.;.OQ
Bank at America 14.650
Bank a� America 8.650
S�at+e o£ Cali�arnia �nvestment �'und Various
TQta], inves�ments
Exhibit A�1
Yield
Rate
J.$ .860
19.210
�.5.580
8.820
See accompanya.ny summary ca� accoun�ing polica.es and no�es ta
�inancial stat��ents.
-29-
Amount
$ 11,998
100,000
40Q,OOQ
100,000
500,000
600,000
aoo,000
lOQ,Ohi�
600,000
300,�00
800,000
500,Q00
100,000
1,275,000
300,000
40Q,nQ0
20Q,000
100,000
].00, 000
100,000
lOQ,004
lOQ,000
100,000
q00,000
500,000
100,000
SOO,Q00
95�;,000
471,090
234�943
784�238
2,SOO,OQO
$13,331,2f9
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Er.hibit CC
CITY OF CARLSBAD
SCHEDUI,E QF GENERp,L r TXED ASSETS
Year ended June 30, 1980
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L�nd
Buildings
Other impravem�nts
Furniture
and equipment
Lease proper�y
under capita�.
1Pase (Note 6)
Total general
fixed assets
Balance Balance
June 30, 19?9 Additions Disposals Jur�e 30, 19�Q
$ 333,885 $ 100,895 $ $ 434,780
689,985 485,807 1,175,792
2,480,139 267,820 2,74.7,959
1,947,289 149,521 118,132 1,97$,678
562,226
562,226
$6,013,524 $1,004,Q43 $118,132 $6�899,435
See accompanying summary of accounting policies and notas �o financial
statements.
-26--
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EYhibi� DD
�ITX OF CARLSBAD
SCHEDULE OF GENERAL OBLIGATION BdNDS PAYABLE
June 30, 1980
,, ,�
Amc�unt
Principal Due on
Yeaxs nf Interest Due each Juiie 30,,
Maturity Rate _ `Year 1980 TotaZ
I962 Sewer Bonds
Ser�es A July 1,
,
1951-82 3.50$ � 30,000 $ 60,000
1983-87 3.50 ��0,000 200,000
1988 3.50 SO,E100 50,000 $ 310,000
1962 Sewer Bonds
Series B July l, �
1981-86 3.50 40,000 240,000
1987-88 3.60 40,OOQ 80,000
1989-90 3.60 90,000 18Q,.000
1991 3.60 100,000 100,000 600,000 '
1962 Sewer Bonds
Series C July l, '
1981 3.60 15.000 15,000
1982-84 3.60 Z0,000 60,000
1985-86 3.70 �0,000 40,000
' 1987- 3.70 25,000 25,00�
' 1988-91 3.75 25,000 100,00Q 240,000
I966 Librar.y
Bonds January 1,
; 1981-82 4.50 10,d00 20,000
�' 1983-89 4.50 15,000 105,000
1990-91 4.50 20,Qd0 40,000
�; 1992 4.50 25,000 25,000 190,000
i'
Total general obligat�on bonds payable $1,340,000
I�
See accompanying summary oi accounting policies and no�es �o financial
= statements.
-27-
�
„ ,,.►
;■
� Exhibit EE
� CITY OF CXRLSBAD
SCHEDULE OF WATER REVENUE BONPS PAYABLE
' Ju�e 30, 1980
f
� Amaunt
Principal Due on
Years ot Interest Due each �7une 30,
Maturity Rate _ Year . 1980 Tatal
, WA'x'ERWORKS REVENUE
BONDS, 19�8
, July 1,
� 1980-81 4.250 $ 35,000 $ 70,000
' 1982-84 4.25 40,00� 120,000
1985 4.1�Q 40,000 ��0,000
1986-87 4.Z0 45,Q00 90�,000
1988 4.10 47,000 �7,000 $ 367,000
L�IA'I'ERWORKS RE�IENUE
i BONDS, 1960•
July 1,
1980-85 4.25
198?-88 4.00
� 1989 4.00
1990 3.875
' WATERWORKS REVENUr�
� BONDS, 1970 -
Series A �'�uly 1,
' 1'980 6.00
1981 6.15
1982 6.30
� 1983 6.40
�� 1984 6.50
" 1985 6.60
�+ 1�86 6.70
' 1987 6.80
f, 1988 6.90
1,939-90 6.00
i
� Total water revenue bonds payable
10,U00 70,000
15,000 30,000
60,000 60,000
65,000 65,000 225,000
55,000 55,000
60,040 60,000
60,000 60,000
65,000 65,000
75,000 75,000
80,000 80,OQ0
$5,000 85,000
90,OU0 90,000
95, 000 95, i100
100,0�0 200,000 865,000
$1,457,000
See accompanying summary of accounting polici�s and notes to financial
statements.
-28-
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.;
�
#
�
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�
e
Licenses and Permiis:
Construction permits
Intergav�rnmental Revenue:
Alcoholic beverage licenses
Veh:i.cl.e l�.censes-in-lieu
Grants
Homeowners and business property taxes
iiighway users tax
Cigarette taxes
Total
Charges for Services:
Zoning and subdivision fees
Sale of maps and publications
Plan checking fees
Engineering fees
Library £ees
Ambula*�ce fees
Refuse di:sposal charges
Total
�'ines and Forf�itures :
Vehicl� code fines
Earnings on Investments
M7scellaneous:
Reimbursed expenditures
Sale o� property
Other revenues
Total
(`TTV (.1r (`ART.�RAi,�
SCHEDULE OF REVENUES - GENERAL FUND
Xear ended June 30, 1980
Ta:ces :
Property taxes
Sa1es and use taxes
' Transient lodging taxes
Franchis�s
� Business Yicenses
; Real property transfer taxes
Total
�
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,
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i
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i
;
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r
�
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,
f
F
�
�
E
¢
s
;
�
`
Total Revenues
Exhibit F�'
$2,475,987
2,969,586
578,233
175,257
242,342
116,�76
6,557,781
181,839
13,430
634,354
g6,412
18?,111
Z,170
7.35, 057
1,051,534
?1,147
17,215
154,685
Z07; 548
iZ,2az
53,659
314,557
730,032
152,171
823r�14
32,556
34,590
34,113
101,259
$9,598,030
See accompanying summary of accounting policies and notes to
financial s�atenients.
-29-
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Exhi.bit GG
CITY OF CARL5BAD
SCHEDU�T.,E OF EXPENDZTURES AND ENCUMBRANCES - GENERAT, FUND
Year ended June 30, 1980
General Gavernment:
City Council
City Manager
Ci�y Clerk
General government
City Finance Director
Ci.ty Treasurer
City Attarney
Personnel administration
Planning
Purchasing
�arks and Rec.reation
Library
Non-departmental:
Capital improvements
Insurance and bonds
Community promotion
Auditing
Dues and memberships
1911 Act ,expense
Seni.or citizens
Retirement
Community assistance
G�neral Fund support of gas
tax prajects
Contingencies
Total
Publ�c Satety:
Police protection
-Fire protection
i3uilc�ing regulation
Civil defense
To tal
Public Works:
�Engi.neering
Str�ets
Mechanical maintenance
Public works administya��on
Utilities maintenance director
Waste collection
General government buildings
Street lighting
To tal
�ease�
Over
Final (Under)
Budqet Ac�ual Budqet
$ 2�,501
128,603
88,943
140,051
$9,587
3,070
9I ,16 3
I08,551
�29,81Z
25,�16
817,958
680,368
387, 285
621,447
40,955
10,000
14 , 05Q
5,800
29,831.
766 , 354
4,800
55,OQ0 (55,000)
14,,211 (14,211)
$ 25,845
141,361
83,509
153,017
78,708
3,072
93,279
lI2,i76
289,967
33,691
742,013
678,028
238,720
641,158
40,991
10,929
14,682
5,750
37,201
732, 348
4,800
$ 2,344
12,758
(5,434)
Y2,966
(].0, 879)
2
2,116
3,625
(239,844)
8,175
(75, 945)
(2,3�0)
(98,565)
19,711
36
929
632
95 0
7,370
(34,006)
-0 -
4,676,855 4,212,245 (464,610)
1, �l83, 359
1 f,'�5, 839
307,3�6
�. , 336
1,539,387
1, 228, 045
225 , 676
1,335
56,028
(7,794)
(81,6 90)
(1)
3,027,900
459,405
549,538
49,952
6 5, 87 3
30, 67.8
325,510
92 , 911
24 , 360
1,59�,167
231, 658
2, 994, 443
354 , 7:33
518,347
14,395
52, 042
30,169
340,544
71,551
24,360
1,4�16,141
225,754
(33,457)
(104,672)
(31,191}
(35,557)
(13,831�
(449}
15,034
(21, 360 j
-0-
(192, 0261
(5,904)
Total Expenditures
and Encumbrances $9,534,58Q $8,838,583 $(695,997)
S�e accompanying summary of accounting policies and notes to financial
statements. -30-
,t ��