HomeMy WebLinkAbout; ; 1980-1981 CAFR; 1981-06-30u ��
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CITY OP CARLSBAD
Carlsbad, California
Comprehenaive Annual Financial Report
June 30, 19t31
(with accounCants' ze�ort thereon)
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. CITY QF CARLSAAD
Comprehensive Annual Fxnancial Report
Xear Ettded June 30, 1�$1
, TABLE OF CON�'FNTS
INTRODUCTORY SECTI(9N:
Table of Contentii
Lettex of Tranamiktsl
Liat of Ci.ty Ofiici.�tls
Or�anization Chart
FINANCIAL SECTION:
Accountant'a Re!port
GEN$RAL PURpOSE FINANCIAL STATLI�NT3:
Cambi,ned Ealanae Sheet � A3.1 Fund Types
and Aacovr�t Groups
Combined Statement of R�venues,
Expenditurea, and Changes in Fund
Balanees — All Governmental Fund Types
Combined St:tement of ?ievenuea, L�cpenditures
and Chan�ea ia Fund Ba3ance —�udqet and
Actual — General, Special Revenue, Debt
Service, and Capital Proaects Fund Typea
Co�nbined Statement of Revenues, Expe:nses, and
Changes in Retained EarninRa — A17.
Propxietary Fund Types
Gaafbined 5tatement o� Cha�nRes in Financial
Poeition — All Proprietnry Fund Txpes
Notea Co Combined Financial. Sta�ements
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CITY OF CARLSBAD
TABLE_OF CONZ'ENTS3 Continued
Supplemental Data:
Governmental Funds:
General Fund�:
Schedule o£ Rzvenues
Schedule of F.xpenditures
5peazal Revenue Funda:
Combining Balunce Sheet
Con�bining Statement of Redenues,Ex�endituress,
and Changea �in Fund Balances
Debt Service Fur.da:
Combining 8�e,iance Sheet
Combinin� "atutemenC of Revenues,
Expenditures, and Changes in
Fund Brlancea
CapiGal Pr�jects:
Combining Balance BheeG
Combining Statem�ent of Revenues,
Expex�ditures, dnd changea in
Fund Balances
Propriergry Funda:
Incexnal Service Funds:
Combining Balance Sheet
Crnnbxning &tateraent of Revenuea,
Expenae�, and Changes in
Retained Earnitigs
Combining Statement of Changes in
�inancial Position
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TABI�E OF CONTEDtTS, Continued
Agency Funds:
Combining Statement o£ ChanRes in
Assets and Liabilities
STATISTICAL SECTION:
General Covernment Expendxtures b,y Function
Last Ten Fiacal Xears
General Rzvenues by Source, Last Ten Fiscal Xears
Ratio Generai Bonded Debt to Assessed Valuation and
Net Bonded Aeht per Capita, Last Ten Fi.scal Years
Computation of Le�a1. Debt MarRin
Schedule of AirecC and overlappi.ng Bonded Aebt
Ratin af Annual Debt Service for General Bonded Debt to
Total General Expenditur�s, 1�ast xen Fiscal 'iears
itsvenue Rond Covera��, Last Ten Fiscal Xears
Demoqraphic Statistics
ScY;edul'e oY Asaessed valuation, Last Ten Fiscal Y,ears
Conatruction and Business Astivity, Last Ten Fiscal Years
Schedule of Principal Employers
Miscel�laneous St�CisCi.cal Inf.ormation
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55
57
58
59
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12qQ ELM AVENUE
CARLS9AD, CALIFORNIA 92008
No.vember 23, 1981
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FINANCE DEPARTMENT
; Honorable Ma,yor, City Council,
� anci City Manager
. CITY OF CA1tI,SBAD
� Carlsbad, Galifornia
TELEPHONE:
(714) 438•5551
We are pleased to present the �980-81 Annual Financial
RepQrt o£ the Gity uf Carlsbad to the City Council and t�i►e City
Manager. This repart includes financial state�aents for ali
funds and groups of accouats p=•epazed in accordance with
generally accept�d accauntin� principles. This report also
' includes the opinion of our indeper�dent cextified public account-
, ants, Conrad and Associates.
The I98Q-81 re.port marks the beginning of a new financial
` reporting process whi,ch is structured to comply with the
� National Councii on Governmental Accounting (NCGA) standards.
' We believe that this new structure will. make the City's annual
' report a more useful document, both internally and externally.
s '�he farmat of the report is designed to fairly se� forth the
£inancial pc,si,tion and resul.ta of operation of the Citq as
' measured by the financial activity with in the vazious fund
? types.
Accouatfn� STstes snd andgetar� Control
�
Ther� have been no maJor changes in the City's basic
accounting system for 1980-81 other than those necessary for
compl•�iance with the NCGA standards. The Czty continues to
operate on a mociified accrual basis for all governmental type
funds. This means that rev'enues are recorded when received in
cash unless susceptible t� accrual. Revenues that are accrued
must be both measurable and collectable within the period or
soon enough atter the end of Che period to pay liabilities of
the period. Expenditures, other than interese on long tezm
debt, ,arP recorded when liabilities are incuxred.
The proprietary fund types (enterprise and internal service
funds) utilize the accrual method of aceounting. Revenues and
expenses are recorded when earned and incurred respectively.
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Intern�l cor�trols exist within the accountin� system to
in§ure tlie §a`feCy o� asseCs LTom �inis�appiopriai:icici, u�inu�� x�L���au
use ar disposiGion, and to maintaiz� the accuracy ox fi.nanczal
record keegin�t. These internal controls must be established
consiastent with saund management practice3 based on the
cost-/benefit of the coatrols ir�posed. The cost �f a control
shoul.d not be excessive in relation to iCs `+enefit as viewed bv
city management. W� believe that the internal contro'ls in
existance are sufficient to insure both the safet,y of �the City's
assets and the accuracy oi the financial record keeping system.
Budgetary control i's maintaine: throuKh monthly reports on al�l
revenues and expense acc.ounts as well �s special reports
summarizing the financial pos'ztion of the �City. This procegs is
cui�rently under review and will be moaified to beCter meet the
needs of the City Manager and deuartment heads.
Geser�l 6a�exn�enta�I F'nnctioaa
The �eneral �overnment funr.tion is supported by xevenues
rec.eived.and recorded in the genera2 fund, special rev�nu,e funds
and �eb� service �un,ds. In �980-81, revenue in all
governmental funds totaled $14.5 millian. This revreseats an
increase of about 52.2 million or 17.�9i over 1.979-80 revenue as
shown below:
Citv of Carlsbad
' GovernmenCal Fund Type
, ' Reveaue 1980-8Z
Revenue Souxce
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Taxes
Li4.censes & Permits
Inter�governmental
Revenue
Gharges �or
Services
Fines �& Forfeits
Intierest Ircome
Mis ce I laneo��s
Revenue
TQTAL ItEVENUF
Amount Percent Increase Dec,r.ease
(51000) Tota.l �ver. 1479-�0 (S10Q0)
$8, 5.12
1., 296
1,.134
i,737
231
1.,473
12 S�
514,508
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58�. 7�
8.9
7.8
1�.0
1,6
10. 2
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...��o..�a.
SI,226
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569
78
330
<43>
52,202
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Maior factors in this revenue
$729,000, sal�s taxes -- S332,000,
plan cheCk/zoning/engi.neerinR fees
fines and ,forfeits -- 578,000, and
of this growth has been tied to a
climate durin� fiscal 1g81.
increase have been proPerty tax --
construcCion perma.ts -- S147,0(30,
-- $347,Oq0, interest -- $33Q,000,
f.raMchisQ £ees -- $75,OOb. kiuch
relatively active develovment
Uurin� this same period, expenditures from governmenta.l £unds
totaled $13.8 million, Rn increase of S2.9 million or 26.37 over �he
previous year.
Citv of Carlsbad
Governmental k'und Types
Bxpenditures 198U-8I
Amount Percent of Inczease Decr�ase
Expenda.ture Type ($1000) Tota1 Over 1979-80 ($I�00)
General �overnm�nt $ 4,547 32•9Z
Public Sa�et,y 3,407 24.6
' Public Warks 2,$68 20.7
Culture & Recreation 2,2b2 16.4
Wel.fare 608 4.4 •
Debt Service + 145 1.Q
, TOTAL EXPENDITURES $13,837 lOQ.O%
S 1,435
349
373
662
63
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S 2, 878
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The ma.ior factors in this increase of $2,878,0�0 are: canitaliza-
tion of leases i0ceansids parkzng lot, computer and word processor) --
SS99,OdQ, increased retirement costs ^- 5178,000, addiCional planning
deparGment salary ana service expenses due to a highet than
average staffing level -- S119,000, other ganeral �overnmental
increases pzimarily due to the higiier costs of pravidin� services --
5239,OOQ, public safety cost increases }�rim�rily rela,ted Co salaries
-- S349,000, culture and recreation cost increases primarily related
to the completion of the swimming poal projec� -- $662,000, and
additional public work casts to maintain the current level o£ ser�ice
for stree.t mazntensuce -- $100,OQ0, additional uti.lity expenaes for
street lighting -- S90,OOds and additional expenditures of gasoline
tax funds for street repair and contr�sction -- $102,OOQ.
Proprittir� Fands
For 1980-81 this cate�oxY includss the water enterprise operation
and the Workers Compensa�ion and Gener�l Liability self insurance-
interal service £unds. The waCer enterprise fnnd �enerates sufficient
revenue to support all operations of tite fund. Revenues f.rom the
sale of water is the primar,y source of revenue tor this Fu nd.
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ThP Workers Compensation and General Liability Internal Service
funds were supported by contributions from the Genera! fund in 1980-
81. In future years, these funds will be supported from user charges
' to City departments.
5elf Insnra�ee Pro�ri�
3
� The City has been self insured for Workers Compensation �ince
° Sep�ember, 1�78, The activity �or this prA�ram has been cr,ntazned
� within Che �orkers Compensation Internal Service fund, �or �iscal
� year 1980-SX, the City would have paid a total premium of
approximately $4$0,000, for Workers �ompensation insurance if aot
� self insured. The total expenses chaxged to the Workers Compensation
� fund in 1980-81 were $9�,715 which repreRenCa a cost avoidance af
� over S382,000.
The City has established a 2iability set� insurance fund which
will be activated in 1481-82. Althou�h the savings may not be as
dramatic under the liability proRram, th� City should be able to
avoid the pavment of unnecessary insurattce premiums.
Cish �sn=xz=ent
The City �reasurex is charged with the responsibility of safe-
RuardinR the City's assets, receiving all psyments due the City and
invesCing inackive funds. This year, the treasurer earne� a total of
$1.8 million in interest in all fund types on investments ranRing from
9.8X to 19X, Th-is reprEsents an increase o"f 1'7.5y over the 1979- 80
total of'$1,5 miZlion. Fund's are invested ia various notes and
certi£icates and are fully incur.ed or collateralized..
Ackno�led�ements
The preparation of this rep.ort ha3 been a ioint e£fort of uur
independent cextified public sccountnnts, the F'inance Department and
Central Services Department. Each party haR played a v�ry i.mportant
part in the preparation o£ the most comprehensive financial report
ever submitted to the Cit,y Council. We wish to express our
appre�iation to the stai£ of Gonrad and Associates £or their
substantial contribution of know'led�e and effort �o the preparation
of thio report. The Central Services staff has dedicated much of the
past few weeks to word processinR and assemhlin�t Ehe report docu�nent.
And, the Finance sta�f deserves commendaCion far strivint� to improve
bo�h the acconnting and reporting processes used bv the Citv in order
" ' �' � ' 11}+ accepted standards .
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. CITY OF CARLSBAD
City Officials
CITY COUNCiL
�tonald C. Packard, Mayor
l�ary H. Casler, Vice Mayor
Gzrard W. Anear
Claude A. Lewis
Anm J. Rulchin
ADMINiSTRATIQN & DEPARTMENT HEADS
Prank Aleshire, City Manager
' Frank Mannen, Assistant City Manager/Administzation
� Ronald Beckman, Assistant City Managez/Bevelopment
Williaia C. Baldwin, AssistanC City Manager/Operations
Vincent F. Biondo, Jr�, City Attorney
' Aletha L, Rautenkranz, City Clerk
Frank C. Ra.ce, City Treasurer
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Vincent Jimno, Po�lice Chi�t James Hsgaman, Planning Director
James ThompaQn, Fire Chief Lester Evacis, City Engineer
Davi:d Bradsatreet, Parks Director James F. Ellio�:t, Finan�e �irector
�eorgina Col,e, La.brary Airector Jerome N. k'ieti, Personnel Director
Ra�ex Greer, Utilitxes Director Rutfi Fletcher, Purchasi.ng Offiaer
Martzn Orenyak; Builc£ing Offici�l b Housing & Redevelopment Director
CHAIi2PERSONS COMMISSIONS & BOARDS
Mary Mar�us
Shirley Dahlquist
Seena xzigAs
John H. Lusignan
C. R. I�elton
Lyle Richardson
Piannzn� Camttission
Parks & Recreation Coimnissxon
I,ibrary 8card
Traffic Safety Cotronission
�iuilding Autharity
Parking Authoritv & Personnel �oar.d
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City of Carlsbad
Organizational Chart
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THIS PAGE INTENTIONALLY LFFT BI,ANR
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FINANCIAL SECTION
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UNRfAD
CERTIFIELI pUBLIC ACCOUNTANTS
FOUR7EEN CORPORATE PLAz� DRIVE
NEWPORT BEACH, CALIFORNtA 92660
714/759-0511
The Honorabls Mayor and City Council
City of Carlsbad, California
We have �xxmined the combi.ned financial statements oE the City
of Carlsbad, Cali£ornia as of and for tiie year ended June 30,
L981 as listed in the Table of Contents, pages 8 through 32.
Our examination was made in accordance witi► generally accepted
auditing $tandards, and accordingl� ircluded such tesrs of the
accounting records and such otha,r suditing vrocedures as we
considered necessary in the circumstances.
As more thoraughly describe3 in Note 2 of the Notes to Combined
Financial StatemenCs, the City has changed its methods of
accounting for encumbrances, accrued payroll, prepaid rent,
fixed assets within a cerCain �overnmental �und, depreciation of
certain enterpri•se fund type fixed assets not previously
capitali,Ted to contorm with Statement 1 of the Na�ional Council
on Governmental AccountinR.
In our opinion, the aforementioned combined financial statements
preaent £airly the financial pasition of the City of Car2sbad,
California at June 30, 1981 and the results of its operations
and the changes in financial position o£ the proprietary �nnd
types £or the year then ended, in conformity with generally
accepted accauneing principles which, except for the chanRes
wi.th which we cancur, (as discussed in the preceding paragraph)
have,been applied on a basis consistent with Chat of the pre-
cedinfi year.
Ttte accampanyin� supplemental in�ormacion in the combi.n�.ng and
individua�l rund s�.�tements and schedules on paRes 35 throuRh S1
ar� nat necessary for a f.air presentatian in conformity with
$en�"rarl,y accepte'd acGounti,nR princi�ples af the £inancial posi-
tion, reaults a�� o�eratians, and chanRes in financial pasition
(propra.etaxv Fund t_ypes; a� �he City of Carlshad, Galif�rnia
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The Hoaorable Mayor and City Council
City of Carlsbad, California
Page 2
but are presented as additional analytical data. The supple-
mental in£ormati�n has been subjected to tl�e tests and other
auditing procedures ap,plied in the examination of the com-
bined financial sCatements 2isted in the Table of Contents, bue
not to Che extent neceasary for as to formulaCe an opinion on
the combzning, individual £und, or account ,roup st�Cements or
Schedules standing alo.ne. However, in our opinion, the supp.le-
men�al data are stated iairly in aIl mater;.al respects in
relation to the combi.ned financia2 staCements taken xa a whole.
C�� � /`I`3Sbt'�2�
September 30, 19$1
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�L1Y l)k' CARLSBAD
Combined Balance Sheet
A11 Fund Types & Account Groups
June 30, I9g1
Governmental Fund xypes
Special Debt Capital,
ASeerB General Revenue Se.rvice Prajec'ts
Caah and cash equivalents
(note 4) $2,640,451 2,775,662 129,198 5,179,581
'Receivatalea :
Taxes 503,62I 24,351 9,462
. Accounts b34
� Accrued interest 267,512 56,283 3,373 21,068
Due f:;.om other funda 21,628 14,Q00�
; Dv�e from other governments 23,795
Advancea �to other funds 16,725
� Advancea to other governments 18I,�28
Inventory, st cost
. Prepaid expenses
` lteatricted assets:
� Cash � cash equivslents
Accruea iaterest
Pr�perGy, plant and`equipment
(net c�f accumulated
• depreciatian (nQte 5)?
Amount available in debt
;� service £unda
Amount to be provided for retire-
ment of general long-tezm debt
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;Cotal asseta $3,6I0,237 2,9I2,353 142,033 5,214,b49
....�.�..� .�,.�.�. .�.,,..�. ..��..�,�,�
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See accompanying notes to combzned financial statements
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" ProPrietar�Fund Types Fiduciary Fund Type Account Grou�s Totals
Internal Genera2 General Long- (Memoran-
Enterprise Service enc Fixad Aasets Term Debt dum Only) '
1,454,237 3�0,000 1,299,511 13,778f640 .
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537,434
437,686 448,320 �
� 4,377 6,466 359,079 � '
� 35,6'28
� 23,795
8
� 16,725
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' 181,928
� 96-, 314 96, 3,14
.i 5,328 5,328
� 1,322,851 1,322,A51
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31,731 31,731
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� 4,514,495 10,375,233 14,889,728
�
142,033 142,033
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` 2,080,017 2�080,017
E
� 7,867',019 300,000 1,305,977 10,375,233 2,222,050 33,949,551
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CITY OF CARLSBAD
Combined Balance Sheet
A1I Fund Types � Account �roups - cuntinued
June 30, I981
_Gov�ernmental Fund Types
Speczal Debt Capital
� L-iabi2itzes Fund Equity General Revw enue Service Projecta
Liabilitiea:
, ,Acaounts payable $ 417,.746 157,648 27 078
Accrued wages payable 146,250 3,047 �
Due t h
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o •ot er £unds
Due to other governments
Advances from other funds
Deposita paqable
Defezred compensation payable (note 12) 64,736
Batimate�i claims payab�e
�Pay�ble� from reatri.cted assets;
Accrued interest payable
Revenue bonds payable
General obliggtion bonds payable (nate 6)
Reyenue bonds payable (net of
unamortized discount of $9,995
and current portion - note 6)
ObliAations under capital lease (note 7)
Def�rred xevenue
Total liabilities 62g��32
Fund equity:
Contributed capital
Iaveatment in general fixed assets
ReCainzd earnings (note lI);
Reserved for continuing appropriations
.Ressrved for consCruction
Reaerved for debt service
Unreaerved
Fund balancea (note 11);
Re$erved �or e.icumbrances 305,100
Reserved for advancea to other funds 16,725
Reaerved for advances to other
governments 181,928
Reserved for dsbt aervice
Unreaerved:
Designated for approved capital projects
Undeaignated 2,477,752
23,661
16,725
201,003
412,084 ~� 1 y� �g
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-_...__._._
644,951 14,375
]42,033
1,.t31,783 3,774,786
723,535 1,398,410
_ ---_.�...,.
Tatal ret�ined earnings
and £und balances
' Total fund equi.ty
Total li.�bilities and
2,981,505 2,50� 0�269 142,033 5 18�7,�
2,981,505 2,500,269 I42�033 5,187,57I
fund equxty $ 3,610,237 2,912,353 142,033 5,214,649
,.-�..�...., ,..�..��. �..�,...,.. ....�,�,�,.�..
See accompanying notes to combined financial s�arements
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Proprietary Fund Types Fiduciary Fund T� A,ccounC. Groaps Total.s
Internal General `General Long- (Memoran
Enterprips Service enc Fiaced Assets Term Debt dum Only)
' 96,785 35,628 745,885
6,700 155,997
35,628 35,628
23,b61
16,725
61,42I 1,269,349 1,330,770
64,73b
97,715 97,7I5
37,334 37,334
105,000 '205,OQ0
1,245,000 I,245,000
1, 242, 0�05
I�, 584, S73
2,248,965
2`, 069:,000
382,715
837,438
744,028
97_,715
30U , 000
I,305;977
I,242,045
977,050 97i,050
201,003
__�___,_,__ 2,2-22, 030 6, 278, 509
2, 548., 965
10�375,233 10i375.,233
z,o69,000
382,,7�15
837,438
646,313
964�,426
16,725
181,978
142,033
�t, 906,569
� 4,599,697
14, 746, 8!•4
10,315,233 27,671�U42
10,375,233 2,222,050 33,�945`�,,551
.....�......� ....�...�.. .�....��..
<97 , 715>
4,033y181 <97,715>
63282,146 202,285
7,867,019 30�,000 1,305,977
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i;ITY OF CARLSBAD
, Combined Statement of Itevenues, Expenditures and
Changes in Fund Balance — A,11 Governmental Fund �ypes
Year ended June 30, 1981
General
Rev�nues:
Taxes
Licenses and permits .
Intergovernmental revenues
Charges for servxces
Fines and £or£eits
IriteXeat income
Miscell.aneous revenues
Total reveaues
Expenditures:
General gavernm�ent
Public safety , ,
Public works
Welfare
Culture and recreation
Cap'ital projects
Capital outl�y—lease puzchase agzeements
Deb�C service expenditures
1?rinc ipa3 .r,e`t•irernent
Interest and figcal charges
Total expenditures
Excess (deficiency) of revenues
aver expenditures
Other financing aources (uses):
Lease purchase agreements
Tatal other financing sour�es (uses)
Exceas (deficiency) of reven�ues and
ather sources over expenditures
and other uaes
Fund balances,at beginning of yesr as
previously reported
Effect o� change in accounting principles
(note 2)
Fund.balsnces at begi.nning of year as
adjusted
Reaidual equity txansfers from (to)
other funds (Note 3) •
Fund bal'ance aC end of year
$ 7,772,254
1,296,130
43,810
1,140,906
230,684
1,153,607
I24,791
12,768r182
3,559,007
3,407,025
1,42�,710
1,649,997
899,125
10,952,864
815,318
899,125
899 125
1,714�443
<147,200>
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228,296
31,096
_1,235,966
S2.981.St�5
...��._. �.�
See accompanying notes to combined financial staCeme::ts
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Sgecial
Reqenue
S 627,066
1,084,137
596,332
, 3A5,S25
2,613,Q60
79,0�3
1,440,750
608,009
611,891
2,739,733
<126,.673>
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<126,673>
2,322,361
13�,895
2,453,256
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Debt
S�rvice
$ 113,036
13,549
�
zzb,sss
—____._
95,000
49,600
144,600
GI8,0�5> '
.____._.__�
--.._...�.....
<18,015>
160,048
...__...__.._
160,048
142,033
.....�..r..
CaFital
Projects
2,140,304
1U0,694
z,24o�99s
2,569,902
2,5�i9,9Q2
<32$,904>
.��
—.__....__.__,_.,
<328,904>
5,312,096
2Q� 4,379
5,5I6,475
�__._..__._
5,1$7,571
...�....�.�.
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ToCals
(Memorandum
Only)
8,512,356
1,296,130
1,133,947
3,877,542
230,684
�,573,375
124,791
16,748,825
3,648,090
3,407,U25
2,868,460
608,Ot�9
2,261,888
2,569,902
899,125
95,000
49>6U�
16,407,099
34d,726
8._-._ 99___�__��125
899,125
].,24Q,851
7,597,3�5
553,570
�,160,875
1,4—�
10,811,378
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CLTY OP CAHLSDAD
Cc�bin�d Statew�nt of Rsvenu�s, Expenditur�� and
Chaa��� iu Pund dalaac�� Dudget i Actual
G�ntral, 3p�ci�1 R�v�nu�, Debt 3�rvic• attd
Capital Proj�et• Fund Type�
Year andpd Juns 30, 19d1
Cen�ral lund Special R�v�au� Funda
aruvice V�r�in�R
lavoeable favorablt
DadE�t Actuai (untawrabie) Dud�ee Actual (unfavorabis)
Eav�rtu�s: ,
T+��� 3 3,004�300 7��72.234 t�32,246? S 593,400 627,066 33,6d6
Lic�a�e� aad persita ' 1�194�900 l�296�130 ±U1,2)0
� Iat�rtowrn�ntal rsv�nu�� 49�SI0 49,Sx0 1,409,350 1,Odb,137 <323,213>
Char;�� for �ervic�r 773,200 1,140,906 3b7,706 523,000 t9d�332 73,332
lin�� and foririe• Ib0,100 230,6e4 gQ,S84
Ink�r��t iaewq 57��000 1,153�6Q7 578�607 100,50� 305,525 2Q5�025
Hi�c�ilaa�ou� reveaur� 53.300 12L;79! 71.441
TOkdl RlV1pU�� 30,741,000 11,768,182 1,A27�182 2,626,250 2,613.060 C13,190>
axp�adieur��:
C�a�ral =owrnrent k�414�1a7 3,369,007 845,2d0 398,364 79,083 319,251
Public Saf�tr . 3�653�130 3,407�025 246�105
Pubtic Nork� I,6�W�q16 1,427�710 �13,206 2,073,143 1,44Q�750 632,346
IJ�lfara SdY,135 60a,009 <66,874>
Culcur� �nd r�craatioa 1�812,445 1,649,997 162,468 1,11a,30a b1I,891 506,417
Capital pto��ees
Capital outlar� l�a�• purcha�•
s=r��na 899�125
DrDt s�r�ice eupeaditure�:
lrincipil r�tir�iwat
; Int�r��t aad fi�etl char=�� ^
, Tocal E�cp�nditur�� (note 10) 11,:20,67a 10�953,864
� Lxc�ss (d�fici�ncy) of r�v�nu��
� nv�r txp�adi:ure• C774,67E> 81S,3IS
i Othec tiarecin� �ource• (u���):
� L�r�� puccha�e aKr�nwnt• 899 12S
, Total oth�r linancin� source�(ui�s) 99,12
, Facc��• (d�fici�ricy) of rtv�na��
and oth�r sourc�� ov�r �xp�ad-
itur�� and oth�r u�e• <779,67t1> 1,714t443
� 1RIqd b�1�IRCN at b��ianiaR of y�ar u
' pr�viou�ly reporttd <197,200> <197,700>
? Etf�ct o:F ehan a fn aceouatin
t 6 principlQs
. (notc ,2) 228,296
ivad baianc�s ae b��inoia6 of y�ar ,
at adjutttd <197.200> 32,096
R�ddual �quity tran�f�ra fros (to)
othar tuad� (noes 3) 1,235,966
, Pund 6alane� at �nd of y�ar S<976,8T8> :,981�505
...�..... .��..
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<899,125>
567,814 41130,955 2yT39,733 1,391,222
1,594L996 <1.504,705> <176',673> 1,378.032
a99 125
99.1Y �
2,494,121 <1,304,705> <126,673> 1,3781032
2�322�361 2�322,361
228,296 130.893 130,895
22d,296 2,322,36; 2L453,256 130,a95
1,235.966 173,b86 173.686
3�93d,3$3 S 511,636 2i300�269 2�682�613
....,��. ,.��..r. �......��.. �.�......�
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Debt Serviee Fund Capital Pro�eet Funds
Variance Vsriance
favorxble f�vcrable
Dudget Actual (unfavor�ble) Budget Actual (unfavorable)
$ 127,500 113,036 <14,464>
825,�00 2,140,304 1,3lS,3U4
11,500 13,549 2�049 7,500 10U,694 93,L�4
_,,.,_„_„_ 832,500
I39,000 _126�585 <12i4I5> 832,500 2,2402998 1i408�498
95,OU0 95,000
51,095 49,SJ0
146,q95 14b,600
<7,095) <18,OI5>
<),095) <18,Oi5>
160,048 1b0,04&
160,048 160,048
3 152,959 1G2,Q33
�.,.
1,495
_ 1,495 �,b47.749 2,569y902 5,077,847
<10,920> <6,815,249> <328,904> b,486,345
<10�92Q> <6 LS1S.249> <326,904> 6,486�345
5,312,096 5,31«,096
, 204,379 204�379
5,312,096 5�516i475 204,319
<10,92Q> 9<1,SQ3�1S3> 5,187,571 6�69n�124
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CITY OE` CARLSBAD
Combined Statement of Revenues, Expensesr �nd
Changes in Retained Earnings - Al1 Proprietary F<<nd Types
Year ended June 30, 1981
ToCals
' Internal (Memorandum
EnCerpzise Service Only)
Operating revenues:
, Chargea for services
Operating exFenses:
Personal services
Office eacpenses
Repai�s and maintenance
Profesaional aervices
TransportaCion
Ineuraace
Purchase3 water
Depreci.ation and amortization
Estimated claims
Total operating expenses
Opexating incame %losa)
Nan-operat3ng revenues (expenses):
Interest incoine
Interest expense and fiscal
agent feeg
Total nonroperatinig
revenues (expenses)
Net income (loss)
Retained esrnings at
beginning of year ss
previous].y repnrted
Effect of change in accounting
principle3 (note�2)
Retain.ed earninss at beginning
of qear ss adju�ted
Retained earnings at end
af year (no[e 11)
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$ 1,775,734
326,440
22,420
130,185
I20,350
15,576
54,965
842,039
143,481
1,655,756
119,978
2�I,857
<741985>
1�+6�872
, 2661850
4,616,854
<850i523?
3,766,33�
$4,033,181
.�...�.
97x725
97,715
<97,715>
<97,715>
<97,715>
..,.��.....
1,775,734
326,440
22,420
130,185
120,350
15,876
54;965
342,039
143,481
97,715
1,753,471
22,263
221,857
<74,985>
146,872
169,135
4,616,854
<850,523>
3� 766, 331
3,935,466
..�.,.
.See accompanying notes to c�mbined financial statementa
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Combined Statement of Changes in Financial Pasitian-
AZ1 Proprietary Fund Types
Year ended June 30, 1981
Sources of working capital;
Operstiona
Net income
Itema not requiring working capital:
Depreciatior and amortizstion
Working capital provided by
oFerations
Contribution from oCher funds
Total saurces of Workin� capital
Uaes of working capital:
Losa from operation�
Acquiaition of property, plant,'and
equipment
Decrease in long-term revenue bonds payable
Net 3.acrease in other restricted assets
NeL decreaae in other current liabilitiea
payable from retricted assets
T'otal usea of working capital
Net increase in working capital
Internat
Enter�riae Service
$ 266,850
143,481
410,331
300,000
4i�,331 300,000
97,715
25,355
105,000
102,866
24,344
257,565
$ 152,766
�.�.....�
91,�715
2d2,285
..�.�....
'� Ele�nta ot net increase (decrease) in
unrestricted arorking capital;
Cash and cash equivalenta
Accounta receivable
Accrued intereet receivable
, Inventory
Prepai,d expenaes
A,ccounte payable
Accrued wage� payable
Eatimated claime payable �
� Due to other funda
� Deposits payable
� Net incres�se in workirg capital
�
172,003
b3,901
<24,709>
5,775
<2,269>
24,693
<6,700>
300,000
<97,715>
<35,628>
C44,300>
$152,766 202,2R5
�.....�� .�.,�...�.
See accompanying notes to combined ii�tancial statements
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Total
(Memoran-
dum Only)
266,850
�43,481
410,331
300,000
710,331
97,725
25,355
103,Q00
102,866
24�344
355,280
355,051
.�.....�.
472,003
63,901
<24,709>
5,775
<2,269>
2G,693
<6,700>
<97,715}
<35,628>
<44,300>
355,051,
........��.
�
, �
�
�
CLTY OT CARLSi3AU
Notes to Combined Finaacial Statements
June 30, 1981
(i) SummarY of Signi.ficant AccountinA Folicies
The acr�unting policies of the Ci*y o£ Carlsbad, C�lifornia conform to
general:ly accepted accountinR princi.ples. The followin� is a summary
of the more si�ni£icant policies:
(a) Fund Accounting
The acc:ounta of the Czty are organized on the bxsis of funds or
account groups, each af which is considered to be a separate
accounting entity. TEie operations of each fund oz account �roup are
accounted for by providing a separate set of self-balancinR
accounts that comprise its assets, liabilities, reserve�, iund
balance/retained earnings, revenues and expenditures. The various
funds and account �roupa are summarized by type in the financial
statementa. Fund Cypes and accoun� groups are used by the City as
follows:
GOVERNMENTAL FtJNDS:
General Fund
The General Fund is thc general operatinq £und of the City. All gen-
eral tax revenuea and other receipts that are not allocated by 1gw or
cantractual aRreement to some other fund gre accounted fo: in this
fur.d. From �he f,und are paid the general operating expenaea and cgpi-
tal improvement cosCs which are not paid through other funds.
Special Revenue �'unds�
The Special ltevenuz Funda are used to account for revenues derived
from speciiic eources which are usually requi.red by law or adminia-
trative re�ulation to be accounted for in sepaxate funds.
Debt Serviae .`�.�nds
Debt �ervice Funds �tre used to account for the accumulation of re-
saurcea for, and the payment of; �eneral �ong term debt princi,pal., in-
tereat and related costs.
Capital. Pro�ect Fund�
Capit�2 Project Funds are used to account �or EinAncial resources to ,'
bP used for the acquisition or construction of majar capital facil- �
iries (other Chan thase financed by prap;xetary funds). .
i
�
21
�. _ _,
i
CITY OF CARLSBAD
` Notes to Combined Financial Ststemenra, Cantinued
t
_�
� PROPRZFTARY FUNDS
Enterpriae �und
Z'he Wa�tex UtiliCy Fund is uaed to account for operations that are
" financed and operated in a manner similar to private bunineaa
enterprise where the intent of th� City Council ia that the costs (ex-
penaea, including depreciatiion) of providing gooda and aervicea to
the general pub�ic on a continuin� basis be £inanced or recovereci
, przmarilp through user charges.
InCernal Service �unds
Tntcrnal Service Pund� are utilzzed to finance and accounz fc�r activ-
iei involve3 in rendering.aervices to departments withir� the Citv.
Coats o� servicea are accumulat�d in. theae funda and charged to user
departmenta aa auch coata are incurred.
FIDUCIARY FUND
Agency Funda
The Agency Funda are used to account for assets held by the Citv in
an aRency capacity for individuals and private buain�ssea and ather
governmental agenciea.
ACCOUNT G�OUPS
General Fixtd Asaets Account Group
GenEr:l Fixed Aaaeta have been acquired for general governme�tal pur-
poeea. Aaseta purch:sed are recorded as expenditurea in the govern-
snental fund evpes and c�pit�lized ar coat in thia �roup of accounts.
In the caae of gifta o� contributions, �uch aasets aze recorded in
general fixad aeseta at fai.r market ��alue at the Cime rec�ieed.
Fixed daaeta conaiata.ng of aertnin improvemente athex than buildings,
including raada, bridAaa, curbs and gutteras stree��a and aidewalka,
and drainage eyatems hatve not been capitalized. Such aesets normally
are xmrnovable �nd o� value only to the City; thGrefore, steWardahip
for capztal expendzturea are sati.a£ied wzthouk recording af these
aaseks.
No deprecia*ion haa been provi�ed on general fixea asseCs.
General LonA-Tez�a Debt Account Group
Thia Rroup of accounte is uaed to account for General LongTer"m Deb�
(backed by Che £u31 �aith and credit of' the City) inc2udin� ttte City's
obligatioria under capital lease.
22
. _..'
;
CtTY QR r!ARi.cuen
etotes tv Cambined Financial Stat;ements, Continued
(b) Measurement Focus and Basis of Accouiitznt�
1
_l
�
The proprietar�► (en�erprise and inCernal service) fund types are f
accounted for on an "income deterrnination" or "cost of services"
measurement focus. Accordin�ly, a11 assets and liabzlities are zn- '
cluded on the bslance sh�et, and the repnrted fund equity provides
an indication of the economic net worth of the fund. Operatin� sCate- �
menta for pz�oprietary fund tqpes report increases (revenuesi an.d de-
creR�es (expenses) in total economic net worth.
Governmental (general,�special revenue, debt service and capital pro-
jects) fund tw�es are accounted for on a"speading" measur�ment
focus. Accordingly, only current assets and current liabilities are
i.nc�uded on their balance sheeCs, and the regorted fund balance pro-
vides an indication of available, spendable resources. Operating
statements ior governmentaL fund types report in�reases (revenues)
�and decreases (expenditurea•) in a�;silable spendable resources.
Agency Eunds axe custodial in nature (assets equal Iiabilities�) and
do not involve measurement of results af operations.
The madzfied accrual basis of accounCing is follo�wed by the govern-
mental fund� and fiduciary fund. Under the mociifi�d accrual basis of
accountinq, revenuea are recorded when zeceived in cash, un2esa sus-
ceptible to accrual, i.e., both messurabl.e and available. Available
mQans collectible w.ithin the current period or soon enough thereafter
to be used to•�pay 1"iabilities of the current period. Expendi.tures,
other than intereat on long-Cerm dabt, are recorded when liabilities
are incurred.
The accrual basis of accounting is ioisowed by the proFraetary funds.
(c)• Caa_ h Equivalents
Caeh equivalents are staeed at cost, which approximates market,
(d) Inventorzes
Yav�ntories within the varioua fund types consi.st of materials and
s�.�pplies whi,ch are valued at cost.
(e) Properly, plant anc� EQui.pment - Enterprise Fund
Property, plant and equipment of the enterpriae fund is stated aC
coat or fair market v�lue at the date coiitributed. Depreciation has
been provided over the es�imated useful. Iives of the assets uazng the
straightline method.
23
, . ,_i
F
�
CZTY OF CARLs�iAn
Notes to Cambined Financial StatemenCs, Continued
(�) Vacatian and Si.ck Leave
The Citv records the cost of vacation and sick leave pay wh��n pai.d.
At June 30, 1981 earned and unused vacation and sick leave a�,tounted
to approximatelv $934,000.
(g) BudRetary llata
BudRetary data has been prepared on a basis consisten� with �zenprallv
accepted aacounting prinCi.ples, except that the CiCy's hud�etary data
do�s :►ot reflect the effect of chanRes in the method of accounLinK for
encumbrances in certain governmental funds (See Note 2).
(h) Self-Insurance
'�he Citp is self-insured f.or gen�ral liability and workers aompen-
� sation up to $1QO,Q00, but purchases outside insurance covera�e for
indlvidual claims in excess of that amount.
� (i) Memozandum Only T.otals
Columna in the�accompanyinR financial statements caotioned "xotal
(Memorandum Only)" are no� necessar,y for a fair reoresentation of the
iinancial statements in accordance �rith srenerally accepted accountinR
principlea, and are presented as additional analytical data.
(j) Encumbrances
In accordance with Statement 1 of the National Council on Governmen-
tal AccountinR,•encumbrances outstandin� at year end are reported xia
' �ese.rvations of fund balances of the Rovernmental funds since they do
,� not constikute expenditures or lisbilities (See Note 2).
,
�� (2} ChanRes in AccountinR Principles and Other Restatements
Effecbive July 1, 1980, the Ci�y chanRed iCs method of accounti.ng fox
encumbrances, accrued pa,yroll, prepaid rent, £ixed assets withzn a certain
�overnmental fund, depreciation o� certain enterprise fund tvpe fixed
asseta nat previous'ly depreciated, �nd the write off of ineters and
servzces previousl,y capitalized.
These changes alonR wzth the reclassi£ication to fund halance o� amounts
previouslv reflected as deFosits were made to camply �,�ith Statement 1 of
the National Council on Governmental Accaunting. These accounting changes
are as folla�s:
24
�, ,�„�
d
CITY ak' CARLSBAD
No�es to Combineci Financial Statement, Continued
�
n
E
�^
Inc,rease (decrease) in £und �alance:
Special Capital
�enera? Revenue Project Proprietaxg
Fund Fc�nd Type Fund T,ype Fund Type TotaX
Encumbrances previously
treated as expenditurea $243,713
Accrual,of wages payable <94,817>
Pre�aid zent recorded as
an asset <70,600:
Services and meterg
previouslq capitalized
�and not depreciated (con-
sidered as eapenses of
prior years)
Fire hydranta not, prev-
iouslq depreciated
FiXed assets improperly
79,165 2Q4,379 <4,335> 527,257
<1,982> <101,138>
<70,600>
recordea <7,596>
Fund balances �aisclass-
ified as depogits 150,000 6I,408
TOTAiS $228,296 130,895 204,379
,�...�.... ....�.�� �.�.,.��.
<812,483> <R12,4R3>
<33,70I> <33,701>
{7, 69fi>
21I,408
<850,S23> <286,953>
a.v.�.� m�..o.�....
(3) Residual Equi� Transfers
Reaidusl equity transfers of governmental funds represent additions to or
deductiana from begirtna.ng fund bal�naes for reaidual balances of discon-
�inued funds. Residual Equity Transfers are surmnarized as follows:
Increase (decrease) in fund balance:
Special Revenue
General Fund Type Total
Cloaure of Anti-recesaion F�}nd $ 36,196 36,196
Closure af G'ExA fund <20,23A> <20,�30>
Ciasure of Maintenance ar�d
Uperation Pund 1,520,000 1,SZJ,0�0
Cloaure of Loca2 Transpartation
Fund to Gas Tax Fund
Clogure of Gas Tax Capital Re-
aerve Fund to Gas Tax Fund
Internal 5ervice'Funda
cont•ribution
Total
<300,Oq0>
$1,235,966
��w�
25
67,466
l0fi, 220
173,686
��1
67,466
106,220
<300,000>
1,409,652
�w���
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CITX OF CARLSBA,D
Not�s to Combined Finaricial Statements, Continued
(4) Cash and Cash Equivalents
A summary of cash and cash equivalenta as of June 3�, 1981 follows:
Interest Rates
Cash
Certi.ficates of Deposit 12.5 — ).9X
Local Agency �Investmeat Fuad 9�8 — g2.1"8�;
Banker's Acceptance Notes 13.5 — �,$.75X
Federal Agency Notes I3.6 — 16.6X
(5) Fixed Assets
' A aummary of changes in general. �ixed assets follows:
Cost
�5 207,520
7,475,000
200,:000
3,840,I7I
3,378,$00
$I5,I01,491
.�.r.4.�.�.�
�alar�ce Balance
� Juiy 1, 19$0 Adda"tians Deducti��ng June 30, 198I
' Land � 434,780 952,030 1,386,$10
Buildings i,635,993 i,635,993
Other '
�, Improvements 2,.747,959 2,215,263 4,964,222
, Furniture and
EquiQment 2,080,703 589,874 282,369 2,388,20g
TOTAL $b,899,435 3,758,16� 282,369 10,37�,233
� .�..�...4. .....,�... e.,.�...... �...�..
�#
� A aunrasry of enterprzse propertq, plant and equi_pment at 3une 30, I981 follows:
;
�
, ,
�:�
��
,�
.�
m
Land, water rights and
riAhts o£ way
Duildings
Wells, reservoirs and dams
Transmission and distri-�
bution lines
Purif.ication,, pumps and
booster atations
Pire hydrants
�quipmenC aad vehicles
Construc�ion in progress
Less Accumulated Depreciation
Total
A�ount
$ 232,956
37,964
1,289,853
3,819,135
1,47, 349
312,665
244, 797
63 769
,14�488
<1 632 993?
4,514,495
......�.m
26
Estiina2:ed Usefu2 Lives
1�; — 25 yeaYs
5 — 50 years
40 — 50 �ears
2 — 50 years
50 years
4 — 10 years
4 ' . ...
e
�
CITX OF CARLSBAD
;Lv^�`.c^^o .�.:+ �O^.iw:.^.�:.t T.'rnn�nr�.a.l C*n*mm�nte_� �nnhin]�wti
(6) LonR-Term Debt
A summary nf Revenue Bonds Pa,yab?e - Proprietary (Water Enterprise)
Fund is as follows:
Balance
June 30, 19$1
, 1958 Watezworks Revenue Bonds, principal due in amounts
ranging from $�S,OOQ 'to 47�,000 on Julv 1 0£ each year
through 1988 (Interest is pavable on January 1 and July �
; at each year at varyin� rates frcnn 4.25% to 4.10%)
I
0
E
�
4
�
�
_
;
i
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E
�,
�
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$ 332,000
1960 Waterworks Revenue Bonds, principal due in amaunts
ranRin� from $I0,00(3' to 65,000 on July 1 of each year
through 1990 (IateresC i� payahle on January 1 and Jul.y 1
at each vear at varving rates from 4.257 to3.875�) 215,000
197Q Watez�saorks Revenve Bonds, princzpal due in am�unGs
ranqing from �SS,Q00 to Ia0,OQ0 �n Julv 1 of each ,year
through •1.990 (IntezesC is payable on JanuazY 1 and July I
at each year at varyin� rates from 6.7 to 6.97) 810,Q00
T�tal revenue'bonds_payable 1,357,000
Less unamortized discount <9,995>
Less current portion . <IOS,�00>
Total 1,242,OOS
�.�.��....
A summary of c'han�es in general obligakion bonds nayable is as fallows:
1962 Series A 5ewer Bonds,
principal due in amounC�
ranging from $30,000 to
50,OQ0 on July 1 of each
year thxough 1988 (Intexest
is payable on January 1 and
July Z at 3,SX per annum)
1962 Series }3 Sewer Bonds,
principai duc in amount�s
ranRing from S40,OOQ to
lOQ,OQQ on Jalv 1 of each
year throu�h 1991 (Interest
is payable on Janusry 1 anc�
July 1 at rates varyinq f.rom
3.Sy to �.6%)
Balance Balance
Julv 1, 1980 Additions Payment June 30, 1981
. --
$ 31Q,000
600,Q00
-0-
-0-
30,�00
4Q,000
28���00
560,OOQ
27
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`. - . ....�
i
i
CITY OF CARLSBAD
Notes to Combined Financial Statements, Conti:.ued
i�
� 4
! 0
��
,:
�
A summary of changes in general obligatian bonds payabl.e is conCinued as
follows:
1962 S�ries C Sewer Bonds,
pxincipel due i.n amounts
ranginR from $15,000 to
25,000 on �uly 1 of each
year thrdugh 1992 (Interest
is payable on January '1 and
Jul.y 1 at ratea vaxying fram
3.6X to 3.75X)
1966 �.ibrary Bonda, Princzpal
du� iis amaunts ranging from
$10,U00 to 25,OUQ�on July 1
o£ each year through I992
(Interest is paqable on
January 1 and July 1 at
4.SX per annum)
ToCal.
Balance Balance
July 1, 1980 Additione PaymsnC June 30, 1981
$240,000
190,000
I,340,000
r....�.�.�.
(7) Obingations Under Capital Leases
�p_
_p_
-0-
.....�.�...
15,000
10,000
95,006
....�.
225,000
180,OOU
1,245,000
�....��
In 1967 th� Carlsbad Bui7.ding Authority was areated under a jaint powers
authoritp•with the Ci,ty and the County of San Diego for the purpose o�
financing conatructi.on at the Carlsbad Civic Center. The joznt powers
agzeement provides t%at the City will Iease the Civie Cent�r for 40 years
through 2007 at an annual adjuated base rental of $36,000. In addition,
the Citq is required to pay all taxes, assesaments and other expenses cf
the authority which relate to the Civic Center. 'The Citp'a leasehold
interest of $460,201 in Che Civic Center facilitiea represents Ghe present
value at 6% interest of annual payments to the authority ovex the enti.re
li�e of the leaae. Thia amount is xecorded in the general fixed assets o£
the City.
In 1981 the City entexed into an agreement with the City pf OceansidP to
leaae pu��.ic parking Area surrounding a regional shoppi.ng area. Under the
terms of the agreement the City o£ Carlsh�d agreed to pay an aggregate
amount of $700,040 including intereat af lOX. The annual principal. and
i.ntereat payments a,re to be $70,OQ0 through 1991 and S1 annually �or eanh
of the remaining years of a fifty year lease. The Citp's leasehold inter-
est ot S43q,152 has been recorded in the City's general £ixed assets.
28
,
ti �
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i
CTTY OF CARLSBAD
Year �nding June 30
1982
1983
I984
1985
1Q86
1987 - 2Q07
Total minimum lease payments
Less amnunt rerresenting interest
�Totes to Combined Fin�ncial Statements, Cantinued
Iz� 1978 the City participated with the Cit,y of Oceanside �or purchase of
an automateci circulation system for their respective la.braries. The
Cit,yis leasehold int�re$C af $102,025 is recorc3ed in genezal fixed assets.
The lease purchase requires annual payments o£ principal o£ $15,845
throu�th 1983 with interest a* 5 I/2 X per annum.
In 1981 the Citp entered into leases �or use of ceztain data processi�g and
word processing equipment. The Ci.tp's Isa�ehold interests of $126,295 and
$72,790 for �ata procesaing and wor� pracessin� equipment, respectivelq,
haye been recorded,in the general fixed asset group of accounts. The
lease agreement fQr data processing equipment requires monthiy pay ments o£
principai and znterest at lOX per annum of $2,6$3 per month through Maq
198fs. The lease agreement for woxd pxocessing equipment requires monthly
paymen�s of principal attd interesr at 10% of $1,547 throuqh March I986.
1'he following is a summary by years of future minimum iease payments under
capital leases with the present vgiue of minimum lea�$e payments a� June
30, �9t31:
Total Lexse Payments
$ 175,221
17�+, 35t1
173,478
156,%62
155,215
I,106,0/+0
I,94I,066
<964,O1E>
Present value of minimum lease payments �977,050
�y
(8� Rentals Under Operating Leases
Under an a�reement dated August 1�69, the City of Carlsbad has leased from
the �arking Authority o£ the City o� Carl.sbad offstreet parking facilities
aurroundi.n� the East Section of Plaza Camino Iteal Shopping Center. Zhe
City has agreed to pay an annual rental of $138,400 plus taxes, in3urance
and other operating costrs. The lease terminates on the date the revenue
bonda isaued by the Parkin� Authority have been retired or provision Eor
pay�ants made. Bonds of the Parkin� Authority are scheduled to be retired
annually through 1955.
1
�
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r
#
� 29 �
,. _ ..,,�
CITY QF CARLSBAD
Notes to Combined Financial Statements, Continued
In December 1980, the City entered into a secona lease aAreement with th�
Carlsbad Park3.ng Authority for the purpose of the Authority acquiring a
site and o££stree� parking improvements thereon. The City's ob�.igation
for an annual rental amount commenced on April 1, 1981 in aa annual amount
of 5174,000 payable ix� quarterly payments each January 31, Apri;. 30, July
31, and October 31 through 2001.
Durin� 1972, the C�ry entered into an �grsement with the TXi-C.ity Auto
nealers Asseciatiozi ior the construction of a road and subsequent use by
the City. The City is obligated to p�ty an annual rent�l of $54,658
ti�rough I983 aubject to certain conditions to be met by the Association.
� The following is a schedule by yea�s of minimum future rentals for the
City's operating leases at June 30, 1981.
� Year Endin�June 30 Amaunt
r
1982 $ 367,057
1983 367,057
1984 312,4a0
1985 312,400
1986 312,400
1987 - 2001 3�782,486
$5,453,800
.��...,..r
Rental expenae charR�d to .general fun� expenditures in 1981 was $265,571.
(9) Retir_ ement Plan
�} The City is a parCicipant in the Public Employees R�tirement System (PERS)
� of the State af California covexing sil the City's permanent amployees.
� The total penaion expense o£ the City £or the current year was 5910,803
for current and past servic� costs. Penaion costs aze recorded as
" expenditurea when paid and are funded b,y monthly contributious to PFRS.
� ContribuCions are base� on ratea aet by PERS based on certain actuarial
aeanmptiona, such as length of employment, eatimated salary rates,
, mortality rates, projected reti.rement bene£ita and oCher factars. The
City's obligation to pERB was nat av�ilabl.e as of June 3Q, 1981. The
� exceaa, if any, of the actuaxially computed value of vested benefits to
� City empJ.ovees over amounts available in the PERS pension fund is not
determ;��anle under the PERS system of accounking.
30
i
.
�� Yt
�
(10) �xcess of Fxoenditures over ApproQriations
Notes to Combined Financial Statements_, ConCinued
ExpendiCures excEeded appropriations zn the f.ollowin� funds:
Special Revenue Funds:
National Endowrrient
fox iiumanities $
Street LightinR
Section A Housin�
Authority
Capital Project Fund:
Bristol Cove
C�TY OF CARLSBAA
Excess of Expea�diCures
Expertditures ,APpropriations Over APpropriatio�ts
8,426 -0-
361,790 ' 292,I53
608,009 541,135
197,552 -0-
8, 426
69,637
66, R7��
297, 552
Of the $197,552 of expenditures reported in Che Bristol Cove Fund, $190,472
represented Che current year payment of amounts appropriated and encumbered in
the year ending June 30, I980.
(11) De£icit Fund Aalances
The following funds reported deficits in their respective £und balances at
June 30, 19$1:
Amount of Deficit
in Fund Balance
;
Stxeet Lighting(Special Revenue Fund)
Bxistol Cove (Capital Project k'und)
Warkers� CompensationiInternal Service
�und)
(12) Deferred Compensation Plan
$ 5, 67S
144, � 94
97, 715
The Cixy has established a deferred compensation plan, whereby Gity employ-
� ees may elect ta defer portiona of their compensation in rzturn for retire-
; mPnt, disabxlity and death benefits. Amounts deferred mav not exceed the
; lessez of 57,5�0 or 25y of a particiQant's "includable compensation", as
; defzned in the participation aRreemen�. The City makes no contribution to
the plan. Plan assets were invested during the pear in short-term
certif.icates of deposit. At June 30, 1981, the amount o£ the deferred com-
, pensation investments (and the resul.tant liabilitv recozded in tne Genexal
' Fund) was $64,736. Uistributzons are made upnn �he occurrence of the
participant'a termination, retirement, death or total di,sability, and in a
manner in accordanc� with the election made by the particzpant. All City
f employees are eli�i,ble for plan participata.on.
3�.
�.
9
;
,
�
�
!
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_'
GITY OF CARLSBAD
Notes to Cumbined Financial Statementa, Continued
(13) ContinRent Liabilities
�
< �
� �
1 �
al
z
The City is a defendant in certain legal actions arising in the normal
courae of operaCiona. In the opinion of management anci legal counsel, any
liabiliCp resulting £rom th�se actiona will n�t result in a material
adverse effect on the Citq's �inanaigl statementa.
0
32
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THIS PAGL INTENTIONALLX LEFT BLANR
3�
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SUPPLE:�NTAL DATA
�
34
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CITY OF CARLSBAD
General Fund
5cheduls o� Revenues
Year ended June 30, 198I
Ta�eg:
Pzoperty taxes
Sales and use taxes
Tranaient ladging �axes
Franchise taxes
Real property transfer taxes
Cigarette t�xes
Trailer coach in-^lieu tax
Other
Tot al t axea
Licenses and permits:
Alcohblic beverage licenses
Vehicle licenaes (in-lieu)
Construction permits
Buaineas licenses
Other
Total licenses and perniits
Intergovernment al.:
�rant s
�otal intergavernment al
Charges for services:
Zonz,ng and subdi,vision fees
Sales of maps and puUlications
Plan checking fees
Eagineering fees
Library f�es
Ambulance feea
Refusg collection �ees
Other
Total charges fox services
Finea and forfeits:
Veh ic le code fines
Other
Total fines and �orfei.ts
Interest income
Miscellaneaus:
Reimbursed expenditures
Sale of properCy
Rents
O*her
Total miscellaneous
Total Revenues
See accompanying accountants' report,
Budget
$ 3 ,216,000
3,550,000
b00,000
235 , 000
150,000
155,000
90,000
8,500
$,004,500
20,000
572,0�0
300,000
300,000
2;900
1,194,900
��
55,OOA
16,000
150,�00
1U5,000
8,000
45,000
350,000
44,200
773,200
140,000
�00
I40,100
575,000
45,000
-Q-
7,200
1,100
53,300
$10,741,000
..�..�.,�..�..
35
�
�
a
r
's
Variance
Fa��orabl.e
Actual (Unfavorable)
$ 3,231,135
3,302,134
655,172
250,101
116 , 744
167,759
45,560
3,649
7,772,254
I8,547
698,338
3 28 ,453
247,798
2,994
1,296,i30
$ 15,135
<247,866>
55,172
15,141
<33,256>
12,759
C44,440>
<4,85I>
<232,246>
<1,4.i3>
126,338
28,453
<52,202>
94
101., 230
49,810
49,810
85,511
24,008
276,235
318 , 934
12,231
80,017
306,6z8
37,342
1,140,906
230,636
48
230,684
1,153,607
110,965
3,861
10,024
541
124,i9I
11,768,I82
..�...o..o.e...�.
49,810
49,810
�
30,511
8,008
126,235
213, 934
4,231
35,017
<43,372>
<6,858>
367,706
30,b36
<52>
90,584
578,607
;,
�
65,365
3,861
2,824
<559>
71,491
1,027,182
�
�
�
CITY OF' CARLSBAD
General Fund
Schedule of Expenditures
Year ended June 3R; 1.981
BudgeC Actual
General government:
City Council
City Manager
City CY�r�k
Administration
City attorney
Finance
City treasurer
Central Services
Purchasing
Peraonnel
Planning
Inauranee
Comaunity promotion
Seni�r Cizizens programs
Leasses
Ret ireinent
.$
$ 32,184
1-50, 588
11,284
209,806
108,743
144,812
3,958
85,796
33,217
137,124
408,662
598,490
41,992
35,345
298,713
910,803
C�ntingencies -� professional services
Cspital impr�vements
Urban zedsvelopment and housing
Building
Other
Total general government
i Publi:. safety:
Fire protectio�
� Police Prntection
' Building inapection ,
� Total public safety
� Public works:
Aciministration
tJiilities maintenance
Engineering
Streeka
Mechanical maintenance
Waste collection
Sanitation services
�otal public works
28,751
153,036
10,110
182,i74
107,219
152,.ilti
4,181
93,879
35 ,1�3
234,013
523,142
�60,229
40, 955
35,345
232,000
969,9I5
I93,483
693,424
42,607
90,681
31,230
4,414,187
1,497,373
1,876,SS4
� 279,203
3,653�13Q
52,559
27,585
515,236
692,688
10,947
16,834
325,062
1 L640 , 916
164,3I5
42,237
Y�9,810
41� 128
3�569,007
1,349,769
1,784,153
273,1d3
3�407,025
55,640
�,141
318,038
6I8;614
53,741
17,186
3551350
1=427,710
Culture and recre'�tion:
ParYta and recreation 1,049,755
Library 7b2,690
Total culture and recreation 1,812,445
Capital outl.ay-lease purchase agreements:
Oceanside parking lot
Word procesaing system
H-P 3Q00 computer
Total �apital outlay-
leax�e purchase agreemenCs
�oal 'Expenditurea
See accompanying accountants report
907,137
742,860
1,649,997
700,040
72,790
126,295
�29,125
�=��?�0�67�8 �0�952��=64
36
Variance
Favorable
(Unfavorah2e)
$ <3,433>
2,448
<1,I74>
<27,032>
<1,524>
7,298
223
8,083
1,886
<3,111>
114,480
61,739
<1,037>
�<66,713>
59,112
193,483
529s109
370
<19,129>
<9', 89$>
845,180
147,604
92,40�
6,100
246,105
<3,081>
18,444
I97,I98
74,0�4
<42,794�
<347>
<30,288>
213� 206
142,fi18
19,830
162,448
<700,040>
<12,790>
<126,295>
<899,125>
=�567�81�4�
y �4
CITX OF CARLSBAD
SneciaL itevenue Eunds '
Combining Balance Sheet
June 30, l9$I
Library National En—
Serv�,ce$ dowai�nt for
�as Tax Aat Humanities S�ni.Cation
Assets
Cash a�nd cash equiva%ents $65I,$02 22,�+26
Receivables:
Taxes I1,t�37
� Accaunts
Accrued interest 11,645 �82
�ue from water f�.,a
Due £rom othes gc�veranments � 23,795
Tatal,asseCs $674,884 41,203
..�.�... .....r.
Liabi7.ities and Fund Balances
Liabilities:
Accounta Payable 5,987
Accrued` wages° payable
Ac�vance fzom General Fund
Due to ather goveznments
Deizrred revenue
Total li:abilities 5,987
1 -
4
1
f
� Fund� balancea:
Reserved for
, �ncumbrancss 84,977 12,435
s Unreserved:
; Designated for approved
; capital prajects 180,939
Undeszgnated 408,968 28� 781
, Tatal fund
� fialance� 6741�84 41i216
�
� ` Total liahili:*ies
� and fund ba3;ances $b74,884 47,203
...�..�.. ,,..o..�.
, See accompanyzng acc�untants' �eport
,
4
37
697
7
704
�...�
Z36,197
324
21,628
158.,14�
,.......�..
2,828
2,b02,
_� 5,G30
15 , 900
704
704
704
a...
136,819
1.52, 719
158,14.9
�...�...��
�
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t
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+
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i
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6
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SecLion 8 Community
Raber.ti Nejedly Stireet Revenue Houeing Deveiapment
Z'Berg ,Aart T,ig�sting Sharing Authority Block Grant Totala ,
�
18,624 14,512 16,955
12,914
b,078
37� 353 '983
18,661 I4,865 36,930
.�......�: ...�.� .�..�
1,5$2,962 331,314
4,556
41,Q82 870
1,624,04k 336,744
.,.......... �. ..,.. a.... r.
1�73 2,775,662
?.�,351
10 , 6'34
56,283
2I,528
23,795
173 2;912,353
�.�..�.� �.o:.�
25,88U
� 16,725
42,605
115,b26 17,927
445
23,661
_______,^� 201,003
115,026 243�Q36
4,I30 481,359
709,861
18,661 14,865 <9,805> 317,798 93,%04
18,661 14,865 <5,6i5> 1,5093018 �3,'I04
18�,661 I4,865 36,430 1,624,044 336,740
�...�.� �....�.. .�.... ....��.. ,�.�..�.�.
38
L� -
167,648
3,�047
16,725
23;661
Zoz,oas,
412,C84
46,150 64G�,.551
240,983 1,I31,7$3
<286,960> 723,535
173 2,500.,269
173 2;912,353
,. �.......... ��. . �... � �.
J
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0
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i
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�
CITY OF CARLSBAD
opecia�. Revenue Fund�
Combining Starement of Revenues, Expenditures
and Cnacnges in Fund Balance
Year end�d J'une 30, 1981
Library Nstional En-
Services dowment far
�as Tauc Act Humanities Sarcieation
Rev�nues:
Taxes $311,364
Intergovexnmental � 4,OQ0 48,352 7,SU0
Charges £or services 596,332
Int�rest in�ome 75,I16 2,667 152 7,433
TataZ revenues 390,480 SI,019 7,662 603,765
Expenditures:
k
Genera� gavernment
, Pub�i>ia -works 41b,735 5$8,c356
Culture anci
recreation 27,315 ' 8,426
Welfare
Tota1 exgenditures 416,735 27t315 8,426
. P;xcess �(deiicxency} ,
of zeve�xues over
expenditures <26,255> 233704 <y6/+>
� Fund• bal•aace at beginning
af year as previously
' reporEed 460,156 17,512 1,468
! E£�ec� of change in
s accounting pr.inciples 67,297
: Fund ��Zanc� at beginning
, of year as adjusted 527,453 17,512 1,468
; ResiduaZ equity rransfers I73,686
' Fund�ba2ance at end of year $674,884 41,216 704
� , ..e...�.. �...... ..�....
r
�� �
�ee accompany'ing accountants' report
i
1
39
588,056
15,709
77,291
59, 719
137,010
152,719
,....�.�
r
�
�
�
i
i
. �
�
�
,S� . �.wf
�
�
0
Roberti Ne'ed1 Sectian 8 Comnunity
J y Street Reven�te Housing Development
Z'B.._. e. r$_. Ha�rt Li htin Sharin
-.�.._.$ _,____$ Auth� orit� Block Grant Totals
315,702
20,2b9 337 483 627,066
, 593,568 72,965 I,084,137
-- 217 1-.t1.6? . I� g5� 206 s500 Ip� 3 596, 332
20,386 I lb7 317 552 543, ,,,_,305�525
--L-_. - L, 983 604, 0_SI 72, 965 2, 613, 060
79,083 7g �$
361,790 1,37� , 3
72�792 1,4�F0,750
�` �� � 576,,ISa - 611,891
-,.._._._... _._„_ 608,OOy b08,009
,_,_,__ 36.t,790 656�p 608,009 72,7g2 2�7�
20.�:38� �.,.�16% <44,238> <112,627? <3 928>
---�^ � i_73 <32� 6,673>
<I,725> I3',b98
---_.._ �
C1,72S> 13,698
-___.__ .,,,_,_,
18,6b1 .14,865
-�........ �.....�,.
34,9�0 1,613,380
— 3--=-6U3 - 8 � 265
38,5b3 1,621,645
--,.__.._.
<5,675> 1,509,016
-...... �... .....,. �..., � �
105,621
<7�989�
97,632
-..-______.
93,704
-.-.�.....�
--_____
...��...
2,322,36I
_ 13-- 0=895.
2,453,256
i%- 3 686
2,500,269
----...�....
�+0
�
�
� , . ..,,�
,�
Cl2Y 0�' CARLSBAD
���� ���via� F;::.�s
Combining Ba2ance Sheet
June 3Q, 1981
iGibrary Sewer
Bonda Bonds
Aasets �
Caeh and caeh equivalenta $ 68,370 b0,82R
�ax�s receivable 9,462
Accrued interest receivable 53 3�320
Tota1 aaaeta $ 68,423 73,620
� .�.� ...�....
; Liabi;.ities a�nd Fund Balances
;
Fund balance - reserved for debt service 68,423 73,61Q
�
� Total Liabilities and fund balances $ 68,423 73,610
. �..�...� .........
{
�
t
i �
�
i \
1
�
, 5ee accompanying accountants' regort
�
� 41
Totals
129,198
9,462
3,373
142,033
...�.......
142,033
142,,033
....�� ...�
f
i
,
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�
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r
f
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�, _
CITY OF CARLSAAD
Debt Servic:e Funda
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
Year ended June 30, 1981
itevenues :
Taxes
Interest income
Total revenues
Expenditures:
Principal retirement
Intereat and �iacal charges
Total expendituxes
Excess (deficiency) of revenues
over expenditures
Fund balances at beginriing of year
Fund balances at end of year
�
See accompanying accountanta' report
Library
BondE
��
$ 219
4,659
4,878
10,000
8,375
18,375
<13,497>
81,920
$ 68,423
...�.�.
42
Sewer
Bonds
112,817
8,890
I21, 70 7
85,000
41,225
126,225
<4, 518>
78,328
73,610
..�...�....
Totals
113,036
13 �549
I26,585
95,�00
49,6d0
144,600
<18,015>
16a,048
142,033
..�..��...
t
�
�
;
�
�F
Assets
Cash and cash equivalents
Accrued interest receivable
Due �rom Water Utilzty Fund
Total assets
. Lir�bilities and Fund Balances
� Liabilities:
Accounts payable
� Total liabilities
CITY OF CARLSBAD
Capital Projects Funds
n.....�.: o..,.., eti..,.,..
Vv�uvi,���,b LOLal4V�r Vl{�ilib
June 30, 1981
Capital
Construction.
$ 3,754,610
$ 3,754,610
..��.�...
Fund balances:
Reserved for encumbrances
Unreserved:
De�ignated for approved capital projecta
Undeaignated
Total fund balances
Total liabilities and fund balances
See accompanying accountanes' rPport
3,353,7.51
400,$59
3,754,610
$ 3,754,610
..�..�.
Sewer
Construction
219,423
3,223
14, 000_
236,646
„��.
�
83,535
153,111
236,646
236,646
..a..�,..�.
;
�
�1
43
r
, �
t
h
�
Public
Facilit ies
Construction
697,439
ll , 845
»__._.�.,
725 , 284
�...r....
27,250
17,250
14,375
86,000
597,659
698,034
715,j284
...�.......
Park �ristol
Development Cove
634,912 <144,894>
634,9I2 <144,894>
-�...,�... ,..,�..�„
9,828
9�828
251,500
3 73____?_.584
625 , 084
634,912
...�....�..
<144,894>
<I44,894>
<144=89G>
,-.........
44
Planned
Local
Urainage
Facilities
-�_._._
18,091
18,091
....��.�
18,091
� 18,091
1$,091
...-�.�.
Totals
5,179,581
21,068
14,000
5,214,6 49
...�...�....
27,078
27,078
24,375
3,774,786
1,398,4111
5,18i,S72
5,2I4,649
e.........��..�
�
�
,, , ,�,
��
CI.Y AF CARLSBAU
Capi�ral PrajecCs Funds
Combining Statement of Revenuss, F,xpenditures,
and Changes in Fund B�iance
Xear ended June 30, i981
Capital
Conskruction
Revenues:
Charges £ar aervices $
In'�erest inco:ne
TotaZ rev�nuEs
EacFrenditurea :
Ca�aur,ity bevelopment Center 212,362
Er��ina Water P�1'Iution Control �acility
bthEx conatruction projects 3I,41I
Total expenditures 243,773
Excess (deficien�y) o£ revenues
over expenditures
Fund bal�tr�aea aC beginning of year
Ef£eat_of change in accounting principles
Fund balance at beginnz.ng�.of year,
ae adjuaCed
Fund balanca at end of year
<243,773>
3,948,38�
3,998,383
$ 3,754,b10
�...,.�.�...
;
�
�
See accompanying accuun�ants' report
45
Sewer
Constructidn
1,048,398
64,6k0
1, l I-3, Q38
1,9 78,565
lOb, 070
2�0$4,635
<971,597>
1,185,243
Z3',100
1,2Q8,243
236,646
.�.�......
�
�
r
w
�
�
B
,�
L ..�i
t
�
Public
Facilities
Construction
645 , 930
36s054
6813 984
32� 125
32,125
649,859
�48,175
4�,175
698,�34
,�..
Pla�ned
Zocal
Park Rristol Drainage
Developmen� Cove Facilities
3'�0,126 g7,759 18,091
340,126 87,759 18,091
�1,817
11,8I7
328 ,309
296,775
296,775
625 ,084
.....�.....
197,552
197,552
<109,793>
<2I6,380>
181,279
<35,101>
<1G4,894>
.�.�...�.
��
18,091
1$,091
......��.
Totals
2,140,304
IOU,694
2,240,498
"z�2,362
1,978,565
378,975
2,569,902
«28 , 404>
5,312,096�
204,379
5�516,475
5,1.87,5T1
....�.�.....�.
�
t �
,, . _ ..,+
;
�
t�
CITY OF CA.RLSBAD
Internal Service Funds
Combini�g Balance Sheet
June 30, 1981
Workers' General Liability
Compensation Self Insurance Tetals
Assets
Current as set s :
Cash and cash equivalents $ 200,000
Total current asseta z00.Q00
Totxl assets $ 200,000
.......�..
Liabilities and Fund Equity
CurrenC liabilities:
EsCimated claims payable 97,715
Tota2 current liabilities 97,715
Total liabilities 97,715
Contributed capikal:
ConCri.buted from Qther Funds 200,000
�Betained earni.ngs:
Unreserved <97,715>
Total fund equiry 102,285
Toral liabilites and fund equi.ty $ 200,Q00
��
See accompanying accou.*�*ants' repart
100,000
100,000
100,000
.�,..
100,000
100,000
100,000
a.�.....o..
300,000
300,000
300,000
�..�.��
.+
J
i
.f
�
t
�
97, 7.15
97,715
97,715
300,000 ;
<97,715> �
202,285 ,
_ r
3C�0,000 �
�.�......... �
i
�
47
t
�
a
� . . , ,,.
E
CI�Y OF CARLSBAD
Internal Service Funds
Combining Statement of Revenues, Expenses
and ChanRes in Retained Earnings
Xear ended June 30, 1981
Workers' Genexal Liabiliey
Compensarion Se1f-Insurance Totals
Operating expenses;
Estimated claims $ 97,715 97,7I5
Tota1. oper,ating expenses 97, 715 97, 715
� Operating (Io�s) <97,715> <97,725>
R�tained earnings (deficit) at
hegin,ninA o f year
Retained earni.ngs (deficit) at
enc3 0£ yeHr
See accompanying accountanCs' report
$ <97,715>
..........
.........�
<97,715>
...��...o.
f
r
0
i
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<
�
}
�
�
5
�
�
48
�
CITY OF CARLS�AD
Twltiw......7 P..«"".. T......1.�
1���.c�iLtOt LiGt"V'L1rG 1 LLllYp
Combining Statement af Changes in Financial Pasition
Year ended June 30, 1981
Workers' General Liabi.liCy
Compensation Self—Insurance Totals
Sourc�s of wor�king capikal:
Contributions '£rom othex funds S 200,On0 100,000 300,004
Uses of �t�rking capital:
I:cs§ from operationa <97,71` <97,715>
Net increase in working capitay $ i02,285 100,000 202,285
� �.�. .�
Elements of net iacrease (decrease)
in wort�xng capital:
Cash and cash equivalents 200,tl00 100,0U0 300,000
Estimaeed claims payable <97,715> � <97�71.i>
Net ,increase i.n working capital $ 1Q2,285 100,QQ0 202,285
.�.�..�... ,�...�.� ,�,�.,.m,
See accompanyi,�ng accountants' re�ort
�
x
�
0
�
�.
�
- �
49
�
. ,.,.
L
i
s
,
CTTY OF CARLSBAD
A�ency Funds
- L-._ ' !. n�. ' ♦ .f ' i-: 1"_.r _'_�
" tilll[lU"l�Zltl� �l, l.t3LG1l3Gill, l31 Vl{t3Al�j''Cit Ylt' Liif7Cl.y CCLItt L1t1L11'lALiCia
Xear ended June 30, 1981
Bal:ance Balance
July l, I980 Additions Deductions June 30, 1�98I
RedeveloPment Agency Fund
Assets
Total asse�s
Liabx�,i�ies
Total liabilities
�
,r�
Paqrall Deductions Agencq Fund
Asset�
Casi� and cash equivalents
Liabi�li.tie�
Accounts payable
Deposits payable
Tokal 1'iabilit ies�
Contractars Deposits ,Agencq Fund
Asaets "
Caei� and caari equivalents
�iabilities
Deposits ,payable
$ -�-
m...�.�.�
$ -Q-
���
$ 226,339
��
76, 39_9
150,000
$ ,226,399
�:.��
$ 778,335
�
$ 778,335
�..
See accompanying account�ants' report
SO
,
,. .
46,133 46,J.33 -U-
� ��� ���
46 �13'a 46 � 133 -0-
� �..�.�. �.
6,230,0$5 6,527,020 <1a,536> '
.�.�,,..�.:.�Q �.r::.,�. �..�e.�.
25,458 7£,399 25,458
6,264,627 6,450,621 �<35,994> ,
6,290,085 �,,527,02Q G10,536>
� �:� ,.�... '
45,715 130,329 693,721
�...,�� ,�..:m.�...� �.�..�.o.
45,715 130,323 693,72I
,�,.....r.v... .� �
(Cont inued)
�
CITY OF CARLSiiAll
, Agency Funds
Combining Statement of Changes in
Assets and Liabilitieg, continued
;ear er.�ed June 30, 1981
Balance Balance
July 1, 1980 Additions Deductions .June 30, 1981
MiscelXaneous Deposits Agency Fund
Assets
�Cash and cash equivalent $ 672,08b 1,129,253 1,185,013 �6'16,326
Accrued interest receivable I2,021 6,466 12,021 6,4b6
' Total assets 684,107 1,135,719 1,197,034 �622,792
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Liabilities
Account s payab le
Aeposits payable
Total Iiabili.ties
Totals — AlI Agency Funds
Assets
Cash and cash equival'ents
A:crued interes� receivable
Total assets
Liabilities
Accounts payable
•Depoaits� payable
Total I'iabilit ies
152,762 11_,170
531,345 �,124,549
$ 684,107 1,135,719
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1,676,820
12,021
$ 1,688,841
,�.....��..
229,161
1,459,680
$ 1,688',84I
o....._m
See accompanying accountants' report
152',762 11,170
1,044,272 611,522
1,I97,034 622,�92
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7,465,053 7,842,362 1,2�9,511
6,4b6 I2,Q21 6,466
7,471,519� 7,854,383 1,305,977
.�.�.�.�... �..:.....�. ..........�.�
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36,628 22�,161 36;628
7,434,891 7,525,222 1.,264,349
7,471,519 7,854,383 1,305,977
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S�ATISTICAL SECTION
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CITY OF CARLSBAD
General Expenditures by Function
Last Ten Years
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1
%
Fiacal General Public Public Culture ��� Debt �
Year Govern►nent Snfety Works Recreation Wel£are Service
1971-72 $ 602,088 679,371 626,64? 262,834 152,129
19't2-73 1,073,834 1,0�1,777 1,027,547 347,084 148,939
1973-74 ],,I58,865 1,269,022 821,212 472,965 156,141 � �
1974-75 1,463,821 1,458,573 1,196y512 569,791 153,103,
', 1975-76 1,660,069 1,�61,812 I,443,009 725,928 150,14d
1976-77 2,280,6a9 I,869,808 1,523,376 1,095,i'l0 147,215
, 1977-T8 2,767,513 2,592,993 I,981,274 1,122,Q03 144,297
1978-79 3,314,694 2,634,$39 2,3I4,667 1,161,i15 1k1,038
1979-�0 3,112,025 3,058,443 2,495,741 1,599,724 544,597 148,I64
1980-81 4,550,015 3,407,025 2,879,274 2,248,�74 508,009 144,600 , �
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CITY OP CARLSBAD
General Revenue by S�ource�l�
Last Ten Years
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Fiscal Praperty Franchise '
Year Total Taxes Sales Taxes Taxes Other Taxes
1971-72 $2,224,412 934,301 408,282 3fi,269 190,215 �
, 197�-73 3,678,19Y 1,393,335 5G0,742 29,049 349,Q61
1973-74 4,634,334 1,899,177 770,466 42,836 430,869
19i4-�5 5,689,159 2,375,319 939,721 54,818 552,885
' 1975-76 6,964,649 2,894,098 I,118,387 78,254 �31,747
, 1976-77 8,466,866 2,9�3,71q 1,402,841 96,818 1,064,Q15
� 1977-78 10,362,623 3,484,504 1,967,968 111,271 ?,202,799
, 1978-79 9,015,I29 1,633,938 2,389,832 141,185 1,451,795 ,
' 1979-80 12,305,902 2,615,181 �,96I,586 175,257 1,526,547
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} 1980-81 14,5�7,827 3,34+,171 3,302,134 250,101 1,615,9�0
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Busineas Other
Licenses Licenses
-___.______
54,133
74,091
78,573
88,675
111,253
i41,050
�51,768
186,845
242,342
247,798
232,703
369,860
447,970
322,203
448,814
908,521
909,201
626,749
829,623
1,048,332
Intergov- Charges for Fines and Miacel-
ernmental Services Forfeits Interest laneous
""'�- --------- --__..__.__,.
67,999
504,794
343,294
459,473
566,129
547,477
87:3,54k
655,588
1,316,272
1,133,947
213,299
418,932
395,410
546,670
f43,995
859,008
862,133
851,465
I,168,326
1,737,238
62,354
47,391
55,11b
84,279
100,859
139,480
125,964
I29,504
152,171
230,684
Z8, 843
3A,871
138,I48
223,751
214,346
294,892
489,638
817,Fi04
1,143,121
1,472,681
.t23, 791
8,065
27,473
41,365
SS,i65
A9r054
183,828
130,620
i67,576
124,791
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� CITY OF CARLSBAD
Ratio Genera2 Bonded Debt to Agsessed Valuatidn
and Net Bonded Debt Per Capita
I,ast Ten Fiacel Yearr
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�ercent oi
NeC Asaessed Outstanding Total Per Capita
Fiscal Year Vaxuation Principal Valuation Debt Population
197I — 72 $ 52,37.I,,�71 2,085,Q00 3.9X 132.56 1a,725
� 1972 — 73 64,041,97'3 2,OIO,OtiO 3.0 118.91 1fi,�Q4
1973 — 74 94,819,�85 �,935,OOQ 2.9 106.63 18,147
1974 — 7S 121,045,109 1,R50,OOU 1.S 92.61 1�,977
1975 — 76 150,147,591 1,�65,0�0 I.1 84.17 2t�,9i0
- 1976 — 77 156,629,855 1,6�8U,a00 1.0 69.59 24,143
' 19T7 — 78 196,697,879 1,595,Q00 U�R 57.07 27,946
� 1978 — 79 245,295,620 1,510,000 �..b 47.04 32,100
' 1979 — 80 312,538,738 1,425,000 0.4 40.20 35,448
1980 — 81 361,068,983 1,33Q,OOQ (1.4 37.35 35,606
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CITY OP CARLSBAD
Computation o£ Legal Debt Margin
June 30, 1981
Asaeased Valuation
bebt Limit 15X of Assessed Valuation
Amount of Debt ApplicabYe to Debt �imit:
Honded Debt $ 1,24S;OO�J
Capxt�lized Leases 977,050
" Total Amount o£ Debt
Applicable to Debt Limit
LEGAL DBBT �lARGYN
Percent of Debt Limit
58
$ 373,I66,033
55,974,905
__2,222,050
5�,752,$55
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CITX OF CARLSBAD
Schedule o£ Direct and Overlapir�g Bonded Debt�l�
June 30, 1981
Percent
A��licable
San Diego County 3.472X
5an Dzego County Aeail.ding Authorities 3.472
San Diego C,ounty Water Authority 3.b20
*ietropolitan Water Ai.strict 0.555
Oceanside--Carlsbad �ormaunity College llistrict 25.C89
Caxlsbad Unifi�:d ;;chool District
(varioua it�Pae�) 83.254-90.079
Carl�bad Unified�3chool Dist�ict A�ithor.iky 90e005 ,
S�n Marcos iJ�ified School Diatrict
(varxous iasuee) 9.653-1.3.494
San Dieguito Union High School District
(various issues) 16.377
Enci�zitas Uni.on School Distri�t
(varipu� issues) 2��.92fi-32.233
O�h�r Scriool di�tricts various
Trx-�City HcapiCal District 2g�g76
NorCh 'San niego Ho�s�it�l Distx�ict
� Au�hority 0.327
Leucadia County Wa�er Aistr.ict 52.836
San Maraos County Water & Imorovement
�isCrict� �1, �2y �6 0•.126-3.984
Carl�bad Municipal Water District
Imprpvement.Distri.cts �1, #2, �3, �4 85k.693-94.981
�live�nhain Municipal Water District
Improvemen� bistrict �3 33.961
�ity of Carlsbad 100.
City of Carlgbad Building Author.ity lOG.
Cxty of Carlsoai: Parking Authoriky
Total Gross Direct & qverlapping Bonded Debt
Ratios to A�sessed Vaivati.on:
Gross Direct Debt ($2,245,000) 0.34r
Total Gross Debt 7.36%
�I��Data compi,led in conjunctioti with Parking Authority
Bond sale February 1981
�2�Bonds outstanding as of June 34, 1981
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Debt as of
12/16/80
$ 18,749
4,739,280
1,71?,622
2,801,190
263,435
1,574,572
2,308,628
684,377
],,034,865
6G0, 99f
32,759
3,255,769
67,933
604,972
61a40Q
1,739,14�
787,895
1,245,QG0{2�
300,000
2,725�000
$26,558,599
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CITY OF CARLSBAD
Ratio oF AnnuaL Debt Service
For Genexal Bonded Aebt to Total Genezal
Expenditures - Last Ten Fiscal Years
Debt Total Ratio of DebC
F`iacal Total �1� General� Service to General
Year Principal Interest Service Expenditures _ Expenditures X
147i-72 75,000
1972-73' 75,000
1'973-74 85,Q0(3
1974-75 85,000
19i�-76 85,t;0�
1976�-7.7 85;000
' 1977-78 $5,00�
1378-79 �5�,U00
1979-80 95,000
1980-81 95,000
77,129 152,129 ?.,323,077
73,939 148r939 3,b29,181
71,141 1.56=14t 3r$78�205
68,108 Z53 ;�103 4, d4I , 8QQ
65,140 150,140 5,540,95�3
62,215 147,2IS 6,916,158
59,297 144,297 8,b08,080
56,038 143,038 9,566:,353
53,Ib4 148,164 Y0,958,699
49,600 144,600 14,507,$27
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�1��Debt Service Requzrement on General Obligation Bonds
Compriaed of 1962 Sewer Bonds Series A, B, C; and
I966 Library Bonds
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CITX OF CARLSBAD
Revenne B�iid Cc�verage
WaCer Ba�ds
Last Ten Fiscal Years
Net Revenue
Direct Available
Fiscal Grosa Op�zatiYng iar Debt Debt Service x�equiremenes
Year Revenue Expenses Servic� Princi.�al Interest Total Coverage
1971�-72 655,564 5S6,F307 98,757 30,,000
1972-73 &32,506 5b7,964 264,542 b5,000
1973-74 I,QS1,459 594,649 455,810 70,000
19y4-75 I,I12,9b9 727.,982 384,9�8 70,000
1975-76 1,257,3�4 785,2b1 472,073 �5,000
1976-77 1,277.,353 897,240 374,1i3 6a,000
1977-78 I,388�195 I;02�3.,71=7 364,478 85,OOQ
I978-79 1,525,143 1,269,,83� z55,307 90,000
1979-80 2•,806,817 1,333,Sb0 473,257 95,OOQ
198b-8a 1,997,591 1.b55,756 341,835 105,000
61
116,804 146,804 p.67
TI�2, 9X5 '17�7,.375 I.49
108,558 178,958 Z.55
IQ5,096 175,096 2.20
100,572 175,472 2.68
96,362 I75,362 2.i2
9I., 245 17.6, 245 2. 07
85,b03 1'75,603 1,45
80,377 175,377 2.70
74,985 179,985 1.90
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CI1'Y OF CARLSBAD
Demographic Statistics
Cit}�
Population �z,�, 'Population.
Squ�re Percent CounGy PercenC
Y�ar Mi1es Population Change Population of County
1972° 13.0 15,729 13.2% 1,447,080 i.1%'
197� 21..4 15,904 7.5 1,5�2,067 1.1
1.974 25.6 . .18,�1�7 7.4 1,5�4,60g 1.2
1975 28.3 19;977 1a.I 1,SS9,SU5 1.3'
1976 28.6 2Q,970 S.0 1,590,700 1..3
1977 'Z8.7 24,'143 1S.I 1,656;80Q 1.5
19i8 28.7 27,946 15.8 i,694,800 1.6
1979 29.I 32,100 I4.9 1,76i,43P. 1.8
193i1 29.4 35,4�i8 I0.4 I,808,200 2.0
I98L 29.7 35,606 A.4 1,893,900 1.9
1985
(estimate) 51,64I 45.0
1995
(eatimate) 84,147 62.9
2000
(estimate) 93,89I 11.5
�I�Source — Countp Data Base, San Diego County
�2�County Future Populatzon Estimate Not Available
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Sc�edule of Assessed Valuati�n
Last Ten Fisca'1 Xears
,
' Less
� Secured Unsecured Property Tatal
Fisc�l. Year P�o�er� Property Exemptians Valuakion
197I - 72 $ 52,621,780 3,367,497 1,518,482 $ 54,37(�,795
1972 �- 73 64,OQ9.,249 3,822,270 1,4�0,660 66,34Q,859
� 1973 - 74 97,974,201 4,125,796 1,394,280 100,705,717
� 1974 - 75 i23,890,815 5,056,7b6 1,441,339 127,506,242
; 1975 - 76 154,000,994 5,428,2�+7 1,729,582 157,699,699
'; 1.976 -?7 158,745,285 7,381,254 2,149,6I4 164,97n,925
� 1977 - 78 200',42b,225 7�,I15,3I6 2,189,620 207,352,121
I97$ - 79 249,889,799 10,823,286 2,lrti`1�421 258,54Y,664
1979 - 80 31.8,374,958 I2,937,939 2,354,96I 328,957,936
198Q - 81 366,867,584 8,877,200 2,578,751 373,166,033
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Bus�ness
Inventory
• Exemptions
530,374
664,636
1,116,782
1,368,033
'1,913,518
2,,,304,.270
3,i70,192
4.,160,094
5,207,298
Homeowmer's
E�emption,s
1,469,25U
1, 634., 250
4,769,15A
5,093,].00
5,638,550
6,042,800
7,484,050
9,084,950
1i,21I,,900
1.2,097,050
Net
Taxable
Value
52,371,171
64,041,973
94,819,185
121,045,109
i50,147,591
156,629,855
196,697,879
245,296,620
312,538,7�9
361,068,983
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CITY OF C�RLSBAD
Construction and Buginess Activity
Last Ten Years
Fiscal Year
1971-72
1972-73
1973-74
1974--75
1975-76
1976-7'7
1977-78
I9�8-79
�979-80
1980-81
Build ing
Permits
iss�ied
$ 97,521
2i4,720
232, 598
110,952
290,492
613,427
520,603
11, 9, 224
181, 839
328,4`53
Ausiness
�Fercent Estimated�i� Licenses Fercent
Change Valuation Issued Change
�..___._.__..
54,133
120.2 74,09I 36.9
8•3 78,573 6.0
<52.3> 88,675 12.9
71.7 111,253 25.5
222.� I41,050 26.8
<Z5.1> 151,,768 7.6
<77.1> .�.3,700,000 �86,845 23.1
52.5 4I,900,OOQ 242,342 29�7
8Q.6 85,900,000 2�7,798 2.3
�j�Informacxon for fisc�l year I971-72 through 1977-78 is not available.
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CITY OF CARLSBAD
' Sch2dule of Principal Employers
1980-i3I
� Fi�rm
Manufacturing:
Hughes A.ircraft Company,
Industrial Products Division
Burrougha Carporation
Oak Industries
Summa Corporatioa
Hughee Helicopter Division
" SargenC Industries
EaCon Leonard Corporation
Dyna Med Inc.
Beckiaan Inatruments
� Magnedyne Inc.
Anthony Industries (Fool Division)
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Non-manufacturing�
Plaxa Caiaino Rea1
La Costa Rotel & Spa
Tri-CiCy Hospita2
Mira CosCa college
Car Country Auto Dealers
Frazee Flowers
San Aiego Gas & Electric, Enca.na
Arnry & Navy Academy
Product/Service
Electronic compo�+enis
Computer components
Electronic components
Assembly/tesring
Industrial seals
Benciing machines
Emergency medical pxoducts
Microbics operation
Electronic mutars
Swimming pools � related
equipment
Shopping center
Hotel � health spa
District hospital
Community col2ege
Car dealers
Ali majur agencies
Flower growing and
pxocessing
Power generation
Private junior/sena.or
high school
Source: City af Carlsbad Chamber of Coasaerce
66
Number o�
Employees
1,100
700
400
300
280
220
1b0
150
90
75
1,500
1,300
1,200
520
460
450
150
100
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CITY OF CARLSBA,D
Miscellaneous Statistical Information
Date of Incarparation Ju�q 16, 1952
Type of City General Law
Eorm of Government Council/Managez
Area 29.7 sq. miles
Population 35,606
Number of Street Lighta 2,414
Fire Pxotection:
NumbeX oi Stations 3
Number ct Firefighters & OEficsrs 48
Police Procection:
Number of Stations 1
Number of Sworn Police 0'Eicers 51
Recreation and Gulture:
;�cuaber of Parks 22
Number of Libraries 1
Number of Volumes 133,820
Total' Nwnber of City Employees 314
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