FISCAL YEAR 2019-20, QUARTER 4 ENDING JUNE 30, 2020
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On May 22, 2019 the City Council adopted the Fiscal Year 2019-20 budget. The interim financial report is prepared by the
Finance Department and contains informatfon related to the fiscal year 2019-20 budget and actual actfvity for revenues
and expenditures for the 12-month period ending June 30, 2020.
Overall Changes: The City has a budget surplus of approximately $3.6 million for the fiscal year 2019-20, ending June
30, 2020. The surplus is due to early actfon by the City Council in April 2020 to mitfgate projected financial impacts of
the COVID-19 pandemic. The Council’s actfon of strategically cutting expenditures resulted in a budget surplus for the
fiscal year. Additfonally, residents shopped local, resultfng in superb performance of sales tax revenues.
COVID-19 Pandemic: The City Council issued a local emergency declaratfon on March 17, 2020. The COVID-19
pandemic was expected to cause significant financial impacts to the City, mainly in the revenue categories of sales tax
and licenses, permits, and fees. Based on HdL sales tax projectfons, in April it was determined that total General Fund
revenue reductfons for the period of March through June 2020 could total $1.7 million, including $1.6 million in sales
tax losses. By early June and after Council adoptfon of the next fiscal year 2020-21 budget, HdL issued revised
projectfons for fiscal year 2019-20; the new projectfons significantly reduced the estfmated sales tax revenue loss of
$1.6 million to less than $0.6 million. However, by June the City had already taken measures to ensure operatfons
contfnued within the framework of a projected total $1.7 million General Fund revenue loss. The City initfated staff
reductfons and cut expenditures in the categories of operatfons and contract services. As a result of Eastvale residents
supportfng Eastvale businesses by shopping local, sales tax revenues outperformed estfmates and coupled with severe
expenditure cuts the City should complete fiscal year 2019-20 with a budget surplus. At the tfme this report was
published, approximately 95% of the year has been reported and the budget surplus is approximately $3.6 million.
Although COVID-19 pandemic revenue projectfons were calculated and presented to Council on April 22, 2020, budget
for the fiscal year was not adjusted. This report does not include projectfons and only focuses on the City’s performance
in comparison to budgeted estfmates.
General Fund Revenue and Expenditure Summary General Fund Revenue and Expenditure by Department
Other Funds Revenue and Expenditure Summary City-Wide Fund Balance
The reports include June 30, 2020 general ledger balances as of September 15, 2020. Approximately 95% of the year has
been reported. The City utflizes an accrual basis of accountfng for all governmental funds, as required by the Generally
Accepted Accountfng Standards (GAAP). In order to comply with GAAP, many revenues received and expenditures
occurring in the months of July and August are accrued back to the month of June. This matches the transactfon to the
period in which revenue was earned or the expenditure occurred. Although June 30, 2020 has passed the City’s financials
have not yet been audited and finalized. The figures in this report represent the Finance Department’s best estfmate of
revenues and expenditures for June 30, 2020 as of the published date of this report.
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The City’s General Fund is the largest and most flexible of the
City’s funds as it contains all unrestricted revenues and
provides the most discretfon for expenditures. Major
General Fund revenue sources include property tax, sales
tax, franchise fees, permit fees, and intergovernmental. The
General Fund holds the majority of services provided to the
community including police services, community
development, and general government. The General Fund
Overview table provides budgeted revenues and expenditures in additfon to actual revenues and expenditures. The
percentage reflects the percentage of budget utflized.
A comparison of the adjusted budget to actual revenues provides an overview of how actual revenues compare to the
City’s budget. Property tax, sales tax, and franchise fees are not received monthly. The State of California provides sales
tax estfmated advance installments on a monthly basis and issues the city a quarterly true-up after the State receives
quarterly tax returns from businesses. Property tax is typically received solely in the second half of the fiscal year.
Franchise fees are received quarterly. Overall, actual revenues are at 107% of budget.
Sales Tax – Sales tax revenues are
highly indicatfve of economic
circumstances. The City utflizes HdL
Companies for sales tax analysis. HdL
provided sales tax projectfons that
addressed the impacts of the COVID-
19 pandemic and the state’s stay-at-
home order. March projectfons for
quarter 3 and 4 for the 2019-20 fiscal
year indicated that the City would lose
upwards of $1.6 million in sales tax
revenues by June 30, 2020. However,
due to Eastvale residents shopping
local, sales tax receivables far
exceeded expectatfons and actual
revenues are at 106% of budget.
Licenses, Fees, and Permits – This
category is comprised of constructfon,
fire, planning, and building permits
and fees, and rental registratfon. Due
better management of contract
services and bringing positfons in house, both planning and building development fees were down about $500K from
budget estfmates. Contracted services and employee wages drive the fees charged to private developers for planning and
building fees, management of these costs has reduced the price of processing development permits in the City and as a
General Fund
Overview
Adjusted
Budget
Actual
Activity
%
Revenues 24,840,190 26,540,596 107%
Expenditures 26,189,149 22,876,574 87%
Excess (Deficit) (1,348,959) 3,664,023
-
2
4
6
8
10
12
MillionsAdjusted Budget
Actuals
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result also reduced revenue in these categories. Business registratfon was also down about $40K from budget estfmates,
actual revenues were in line with those received in fiscal year 2017, it is believed that COVID-19 impacts affected business
registratfon in the final quarter of the fiscal year. Additfonally, business registratfon renewals were annually due in March
in previous fiscal years, this was the first fiscal year in which the renewal calendar was spread among 12 months. This also
impacted revenues received in the 2019-20 fiscal year. Total actual revenues for the category are at 88% of budget.
Intergovernmental – This category is populated by the Vehicle License in Lieu fees (VLF) and Jurupa Community Service
District (JCSD) special district assessments. VLF revenues were above budgeted estfmates and total actual revenues are
at 115% of budget.
Use of Money and Property – This category is populated investment income. Budget was estfmated at $500k, however
actual investment income from the City’s portiolio was $814k. Revenues are at 163% of budget.
Sales Tax: Sales tax is the number one revenue
source for the General Fund. For every dollar of sales
tax paid, only $0.13 is received by the City of
Eastvale. The other $0.87 goes to the State General
Fund ($0.51), the State Local Revenue Fund ($0.14),
Riverside County Transportatfon Commission
($0.06), a State Local Revenue Fund specific to local
health and social services programs ($0.06), State
Local Public Safety Fund ($0.06), and the Riverside
County Transportatfon Fund ($0.03). For more
informatfon on what agencies receive sales tax
revenue go to: www.cdtia.ca.gov/taxes-and-
fees/sut-rates-descriptfon.htm
Property Tax: Property tax is the number four largest revenue source for the City’s General Fund and is the number one
revenue source for the City’s Fire Fund. However, like sales tax every dollar of base property tax that a property owner pays
only $0.02 is received by the City’s General Fund; another
$0.06 is received by the City’s Fire Fund. Over $0.51 goes
towards educatfon to the Corona Norco Unified School
district, Riverside Community College, and Riverside
County Office of Educatfon. Riverside County receives
$0.29. The remaining $0.04 goes to several special
districts and flood control administratfon. The property
tax revenues received by the Fire Fund are restricted to
Fire Services expenditures.
This breakdown of costs is only for the base property tax
rate. Many Eastvale resident’s also pay levies for special
assessments, including special financing districts, such as
landscape lightfng maintenance districts, community
facility districts. For more informatfon about special financing districts in Eastvale go to: www.eastvaleca.gov/government/
finance-department/special-financing-districts
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A comparison of the adjusted budget to actual expenditures provides an overview of how actual expenditures compare
to the City’s budget. Similar to revenues, the City’s expenditures are not equally spread throughout the year. Many
software contracts for licenses and maintenance are paid at the beginning of the fiscal year for the entfre 12-month period.
Examples of this include the Finance Department’s accountfng software, Talent Attractfon and Development’s onboarding
and recruitment software, and the Community Development Department’s software for Planning, Building, Public Works,
and Community Enhancement.
Salaries and Benefits – The
categories of salaries and benefits
contain the personnel costs for City
employees. In fiscal year 2019-20
the budget was calculated at top
step for all employees, although an
employee’s current step may be
significantly lower in the salary
schedule. This method of budgetfng
generates budgetary surplus. Both
categories generated actual
expenditures at 85% and 83% of
budget. Additfonal savings were
realized as a result of COVID-19
reductfon in staffing.
Contract Services – This category
includes law enforcement and
contracted services for building and
safety, planning, and public works.
As Community Development Department positfons have been brought in house, management of contracts for services
has improved, resultfng in budgetary savings. Regarding the City’s law enforcement contract, Riverside Sheriff announced
an approximate 2 – 3% savings in January and these projected savings were taken into account during COVID-19 budget
projectfons presented to Council in April 2020. Additfonally, a budgetfng error for the law enforcement contract occurred
during budget development for fiscal year 2019-20, leading to significant budget savings. As a result, the Finance
department will re-evaluate the law enforcement budget for the 2020-21 fiscal year to ensure that any budget surplus is
identffied early. The law enforcement contract finished the 2019-20 fiscal year with an approximate 8% budget surplus.
Currently, actual expenditures for the total contract category are $1.2 million below budget at 91%.
Operations – Operatfons is a broad category including supplies, advertfsing, utflitfes, postage and shipping, janitorial, and
contfngency. Actual expenditures in this category are at 89% of budget. The budget surplus is primarily due to a $466K
budget for contfngency, which the City did not utflize.
Debt Service – Debt service in the General Fund accounts for the sales tax abatement agreement with Goodman at the
Statfon on the north end of town and revenue neutrality owed to Riverside County. The City owes $4.5 million to Goodman
for traffic infrastructure (streets, storm drains, streetlights, signing and striping, and signals) completed by the developer.
The City has 20 years to repay the debt, interest free. Revenue neutrality is another expenditure located in this category.
It is based on estfmated tax revenue losses experienced by Riverside County as a result of the City’s incorporatfon, the
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2
4
6
8
10
12
14
16
MillionsAdjusted Budget
Actuals
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obligatfon is paid to Riverside County through both the General Fund and the Fire Fund. Budget for this category is at
131% of actuals due to back sales tax abatement payments issued to the developer datfng back to 2018.
The City’s Fire Fund contains all revenues and expenditures
related to the provision of fire services in the City. The Fire
Fund contains restricted property tax revenue for use
towards fire services. Major Fire Fund revenue sources
include property tax, license, permits, and fees, and use of
money and property. Property tax actuals exceeded budget
by $382K and budget is at 106% of actuals. Overall, Fire Fund
revenues are at 110% of budget. On the expenditure side, a
budget surplus of $811K is attributable to both contract services and debt service savings. Contract services is at 95% of
budget with a surplus of $336K, however maintenance is at 298% of budget with a budget deficit of $122K due to building
maintenance issues at Statfon 27.
Most government funds and budgets are managed using a method called “modified accrual” accountfng. Modified
accrual means that governmental funds are managed on a cash basis throughout the year. At year-end accruals are
processed to ensure revenues and expenditures are recorded in the appropriate fiscal year in which the transactfons
actually occurred. This method applies to all of the City’s funds (General Fund and Special Revenue funds).
As an illustratfon, revenue is recorded as it is received throughout the fiscal year (cash basis). The majority of General
Fund revenues are received sporadically throughout the year and most is received or accrued in the final nine months
of the fiscal year. Meanwhile, expenditures contfnue each month, regardless of whether revenues have been received.
This circumstance highlights the importance of maintaining an adequate operatfng reserve that allows for cash flow
needs throughout the fiscal year, especially during months in which some revenues categories are not received.
General Fund
Overview
Adjusted
Budget
Actual
Activity
%
Revenues 6,585,042 7,217,844 110%
Expenditures 6,997,775 6,406,492 92%
Excess (Deficit) (412,733) 811,352
CITY OF EASTVALE
Interim Financial Report | QUARTER 4
Fiscal Year 2019-20
Period Ending 06/30/2020
General Fund Summary by Category
Restated
Audited Actuals
Restated
Audited Actuals
Adjusted
Budget Actual
% Budget
Used
Amount
Over(Under)
Budget
Description 2017-18 2018-19 2019-20 6/30/2020 2019-20
GENERAL FUND
Revenues
Property Taxes 2,580,713 2,714,215 2,622,733 2,875,731 110%252,998
Sales & Use Tax 9,077,639 9,609,575 9,735,138 10,348,979 106%613,841
Franchise Fees 1,552,260 1,544,629 1,545,000 1,644,840 106%99,840
Other Taxes 361,715 346,363 350,000 313,416 90%(36,584)
License, Permits & Fees 3,744,658 3,345,720 3,617,500 3,173,552 88%(443,948)
Fines, Penalties & Forfeitures 725,373 840,981 603,200 647,721 107%44,521
Intergovernmental 4,335,926 5,367,503 4,857,294 5,601,629 115%744,335
Use of Money & Property 326,057 404,957 500,000 814,704 163%314,704
Miscellaneous 75,361 86,322 466,418 488,518 105%22,100
Transfers 364,312 22,109 542,907 631,506 116%88,599
Total General Fund Revenues 23,144,014 24,282,373 24,840,190 26,540,596 107%1,700,406
Expenditures
Salaries 939,024 1,602,094 2,737,069 2,318,594 85%(418,475)
Benefits 391,865 622,823 1,066,322 885,959 83%(180,363)
Staff Development 99,327 138,370 155,120 109,867 71%(45,253)
Contract Services 10,385,422 10,957,741 13,439,355 12,174,037 91%(1,265,318)
Maintenance 37,628 76,022 381,000 127,754 34%(253,246)
Operations 3,156,623 3,855,169 4,207,954 3,485,486 83%(722,468)
Capital Outlay 153,126 3,848,709 1,719,089 977,270 57%(741,819)
Debt Service - - 1,000,000 1,314,367 131%314,367
Transfers Out - 1,000,000 1,483,240 1,483,240 100%-
Subtotal General Fund Expenditures 15,163,015 22,100,929 26,189,149 22,876,574 87%(3,312,575)
NET REVENUE 7,980,999 2,181,444 (1,348,959) 3,664,023
FIRE FUND
Revenues
Property Taxes (Restricted for Fire Services)5,987,415 6,345,925 6,385,042 6,767,148 106%382,106
Sales & Use Tax - - - - 0%-
Franchise Fees - - - - 0%-
Other Taxes - - - - 0%-
License, Permits & Fees 94,535 190,457 132,500 179,978 136%47,478
Fines, Penalties & Forfeitures 17,103 13,906 17,500 13,008 74%(4,492)
Intergovernmental - - - - 0%-
Use of Money & Property 76,408 132,387 50,000 257,710 515%207,710
Miscellaneous - - - - 0%-
Transfers 1,144,937 - - - 0%-
Total Fire Fund Revenues 7,320,398 6,682,675 6,585,042 7,217,844 110%632,802
Expenditures
Salaries - - - - 0%-
Benefits - - - - 0%-
Staff Development (581) 965 27,500 1,597 6%(25,903)
Contract Services 4,342,277 4,121,443 6,126,675 5,789,914 95%(336,761)
Maintenance 31,325 22,295 62,000 184,629 298%122,629
Operations 68,238 110,099 87,550 75,777 87%(11,773)
Capital Outlay 9,706 - 136,500 29,687 22%(106,813)
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ www.eastvaleca.gov 6
CITY OF EASTVALE
Interim Financial Report | QUARTER 4
Fiscal Year 2019-20
Period Ending 06/30/2020
General Fund Summary by Category
Restated
Audited Actuals
Restated
Audited Actuals
Adjusted
Budget Actual
% Budget
Used
Amount
Over(Under)
Budget
Description 2017-18 2018-19 2019-20 6/30/2020 2019-20
Debt Service 468,347 481,929 470,000 249,111 53%(220,889)
Transfers Out 68,238 110,099 87,550 75,777 87%(11,773)
Subtotal General Fund Expenditures 4,987,548 4,846,831 6,997,775 6,406,492 92%(591,283)
NET REVENUE 2,332,850 1,835,844 (412,733) 811,352
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ www.eastvaleca.gov 7
CITY OF EASTVALE
Interim Financial Report | QUARTER 4
Fiscal Year 2019-20
Period Ending 06/30/2020
General Fund Summary by Departments
Restated
Audited Actuals
Restated
Audited Actuals
Adjusted
Budget Actual
%
Budget
Used
Amount
Over(Under)
Budget
Description 2017-18 2018-19 2019-20 6/30/2020 2019-20
GENERAL FUND
Revenues
Property Taxes 2,580,713 2,714,215 2,622,733 2,875,731 110%252,998
Sales & Use Tax 9,077,639 9,609,575 9,735,138 10,348,979 106%613,841
Franchise Fees 1,552,260 1,544,629 1,545,000 1,644,840 106%99,840
Other Taxes 361,715 346,363 350,000 313,416 90%(36,584)
License, Permits & Fees 3,744,658 3,345,720 3,617,500 3,173,552 88%(443,948)
Fines, Penalties & Forfeitures 725,373 840,981 603,200 647,721 107%44,521
Intergovernmental 4,335,926 5,367,503 4,857,294 5,601,629 115%744,335
Use of Money & Property 326,057 404,957 500,000 814,704 163%314,704
Miscellaneous 75,361 86,322 466,418 488,518 105%22,100
Transfers 364,312 22,109 542,907 631,506 116%88,599
Total General Fund Revenues 23,144,014 24,282,373 24,840,190 26,540,596 107%1,700,406
Expenditures
General Services
100 City Council 171,559 290,786 203,463 109,272 54%(94,191)
110 City Attorney 236,943 328,893 390,740 307,082 79%(83,658)
120 City Clerk 267,753 405,178 475,578 419,335 88%(56,243)
200 City Manager 657,309 1,024,849 762,653 699,087 92%(63,566)
210 Finance 615,579 707,733 859,547 710,678 83%(148,869)
220 Talent Attraction and Development 279,291 370,561 614,828 564,118 92%(50,710)
240 Information Technology 201,327 403,439 446,000 242,352 54%(203,648)
260 Communications - 5,051 516,194 243,744 47%(272,450)
290 General Government 26,820 4,526,798 3,006,744 2,866,148 95%(140,596)
295 Building Maintenance 183,125 752,448 770,900 825,949 107%55,049
Subtotal General Services 2,639,705 8,815,735 8,046,647 6,987,765 87%(1,058,882)
Community Development
300 Planning 1,134,802 1,212,827 1,121,000 906,398 81%(214,602)
301 Administration - 6,619 1,226,477 513,192 42%(713,285)
310 Building & Safety 2,135,032 2,237,505 1,976,000 2,121,092 107%145,092
320 Engineering 97,065 125,097 100,000 241,479 241%141,479
330 Community Engagement & Safety 500,240 726,192 1,047,391 861,749 82%(185,642)
500 Public Works 104,374 247,268 1,574,689 1,063,603 68%(511,086)
Subtotal Community Development 3,971,513 4,555,508 7,045,557 5,707,512 81%(1,338,045)
Public Safety
400 Law Enforcement 8,231,990 8,424,368 10,684,888 9,844,040 92%(840,848)
430 Animal Control 251,418 229,552 331,619 279,592 84%(52,027)
440 Crossing Guards 68,388 75,765 80,438 57,664 72%(22,774)
Subtotal Public Safety 8,551,797 8,729,686 11,096,945 10,181,297 92%(915,648)
Total General Fund Expenditures 15,163,015 22,100,929 26,189,149 22,876,574 87%(3,312,575)
TOTAL NET REVENUE 7,980,999 2,181,444 (1,348,959) 3,664,023
FIRE FUND
Revenues
Property Taxes (Restricted for Fire Services)5,987,415 6,345,925 6,385,042 6,767,148 106%382,106
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ www.eastvaleca.gov 8
CITY OF EASTVALE
Interim Financial Report | QUARTER 4
Fiscal Year 2019-20
Period Ending 06/30/2020
General Fund Summary by Departments
Restated
Audited Actuals
Restated
Audited Actuals
Adjusted
Budget Actual
%
Budget
Used
Amount
Over(Under)
Budget
Description 2017-18 2018-19 2019-20 6/30/2020 2019-20
Sales & Use Tax - - - - 0%-
Franchise Fees - - - - 0%-
Other Taxes - - - - 0%-
License, Permits & Fees 94,535 190,457 132,500 179,978 136%47,478
Fines, Penalties & Forfeitures 17,103 13,906 17,500 13,008 74%(4,492)
Intergovernmental - - - - 0%-
Use of Money & Property 76,408 132,387 50,000 257,710 515%207,710
Miscellaneous - - - - 0%-
Transfers 1,144,937 - - - 0%-
Total Fire Fund Revenues 7,320,398 6,682,675 6,585,042 7,217,844 110%632,802
Expenditures
Public Safety
420 Fire Services (Restricted)4,922,805 4,736,731 6,910,225 6,330,830 92%(579,395)
Total Fire Fund Expenditures 4,922,805 4,736,731 6,910,225 6,330,830 92%(579,395)
TOTAL FIRE FUND NET REVENUE 2,397,593 1,945,944 (325,183) 887,014
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ www.eastvaleca.gov 9
CITY OF EASTVALE
Interim Financial Report | QUARTER 4
Fiscal Year 2019-20
Period Ending 06/30/2020
Other Funds Summary
Restated
Audited
Actuals
Restated
Audited Actuals
Adjusted
Budget Actual
% Budget
Used
Amount
Over(Under)
Budget
Description 2017-18 2018-19 2019-20 6/30/2020 2019-20
OTHER FUNDS
Revenues
200 Gas Tax 1,584,924 1,384,225 1,730,882 3,211,692 186%1,480,810
201 SB1 379,072 1,189,225 1,075,456 1,066,990 99%(8,466)
206 Area Drainage Plan (ADP)- - 859,000 874,406 102%15,406
210 Measure A 1,444,455 1,547,055 1,471,000 1,506,265 102%35,265
220 AQMD 85,188 88,123 77,000 68,242 89%(8,758)
240 Miscellaneous Grants 298,652 1,672,558 2,095,003 746,627 36%(1,348,376)
241 Grant: Coronavirus Relief Fund - - - 31,154 0%31,154
250 Community Development Block Grant 58,225 275,889 135,485 198,827 147%63,342
290 Transportation DIF 396,613 146,283 513,500 220,460 43%(293,040)
291 Fire DIF 427,076 74,699 385,000 58,411 15%(326,589)
292 Public Facilities DIF 790,295 131,970 720,000 609,421 85%(110,579)
293 Road and Bridge Benefit District 986,377 45,299 385,000 447,392 116%62,392
500 Debt Service - - 470,700 470,700 100%-
600 Capital Projects (395) 5,491,640 1,012,540 1,012,540 100%-
Total Other Fund Revenues 6,450,482 12,046,967 10,930,566 10,523,128 96%(407,438)
Expenditures
200 Gas Tax 1,343,370 3,245,223 3,014,366 1,741,300 58%(1,273,066)
205 SB1 378,604 1,101,096 1,220,000 17,654 1%(1,202,346)
206 Area Drainage Plan (ADP)- - - - 0%-
210 Measure A 1,716,277 2,643,996 3,451,644 1,578,226 46%(1,873,419)
220 AQMD 27,301 57,592 48,239 1,543 3%(46,696)
240 Miscellaneous Grants 1,292,159 494,682 1,233,223 906,850 74%(326,373)
241 Miscellaneous Grants - - - 31,154 0%31,154
250 Community Development Block Grant 39,563 518,685 - 816 0%816
290 Transportation DIF 198,255 4,589 96,600 2,607 3%(93,993)
291 Fire DIF 126,261 2,405 9,092 1,163 13%(7,929)
292 Public Facilities DIF 117,728 3,020,708 3,767,638 2,776,279 74%(991,359)
293 Road and Bridge Benefit District - - 25,000 - 0%(25,000)
500 Debt Service - - 470,700 468,699 100%(2,001)
600 Capital Projects 90 5,159,176 1,312,540 433,430 33%(879,110)
Subtotal Other Fund Expenditures 5,239,608 16,248,152 14,649,042 7,959,721 54%(6,689,321)
NET REVENUE 1,210,874 (4,201,185) (3,718,476) 2,563,406
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ www.eastvaleca.gov 10
CITY OF EASTVALE
Interim Financial Report | QUARTER 4
Fiscal Year 2019-20
Period Ending 06/30/2020
Fund Balance Summary
Restated Audited
Fund Balance
Mid-Year Adjusted
Expenditure
Budget Actual Revenues
Actual
Expenditures
Estimated
Available Balance
Fund Name & Type 2018-19 2019-20 2019-20 2019-20 6/30/2019
GENERAL FUNDS
100 General Fund 31,928,309$ 26,189,149$ 26,540,596$ 22,876,574$ 35,592,332$
TOTAL General Funds 31,928,309 26,189,149 26,540,596 22,876,574 35,592,332
SPECIAL REVENUE FUNDS
110 Fire Fund 10,342,639$ 6,910,225$ 7,217,844$ 6,330,830$ 11,229,653$
200 Gas Tax Fund 4,756,146 3,014,366 3,211,692 1,741,300 6,226,538
205 Road Maintenance and Rehabilitation Fund 88,598 1,220,000 1,066,990 17,654 1,137,933
206 Area Drainage Plan (ADP)- - 874,406 - 874,406
210 Measure A Fund 3,309,012 3,451,644 1,506,265 1,578,226 3,237,051
211 TDA Fund - - - - -
220 Air Quality Management District 319,092 48,239 68,242 1,543 385,791
230 Law Enforcement Grants - - - - -
240 Miscellaneous Grants Fund 52,277 1,233,223 746,627 906,850 (107,945)
241 Grants: Coronavirus Relief Fund - - 31,154 31,154 0
250 Community Development Block Grant (281,714) - 198,827 816 (83,703)
260 Local Law Enforcement Services 42,551 65,000 156,652 199,152 51
270 TUMF Reimbursement Find - - - - -
290 DIF Transportation Facilities Fund 2,010,058 96,600 220,460 2,607 2,227,910
291 DIF Fire Facilities Fund 387,296 9,092 58,411 1,163 444,545
292 DIF Public Facilities Fund 53,880 3,767,638 609,421 2,776,279 (2,112,978)
293 Road and Bridge Benefit District 6,030,036 25,000 447,392 - 6,477,428
300 LLMD 89-1 Zone 10 (12,072) - 3,070 152 (9,155)
301 LLMD 89-1 Zone 33 22,657 - (13,997) 121 8,539
302 LLMD 89-1 Zone 41 1,341,257 - 189,637 13,867 1,517,027
303 LLMD 89-1 Zone 79 13,668 - 2,871 1,337 15,201
304 LLMD 89-1 Zone 85 26,818 - (986) 113 25,719
305 LLMD 89-1 Zone 111 130,532 - 25,227 8,738 147,020
306 LLMD 89-1 Zone 115 (8,396) - 3,793 9,601 (14,203)
307 LLMD 89-1 Zone 116 49,687 - 8,517 3,501 54,703
308 LLMD 89-1 Zone 147 (279) - 972 2,825 (2,132)
309 LLMD 89-1 Zone 151 (28,718) - 6,143 11,646 (34,222)
310 LLMD 89-1 Zone 156 (8,946) - 4,611 8,756 (13,091)
311 Benefit Assessment District 2014-2 5,515 - 4,593 3,032 7,076
312 LLMD 2014-1 4,138 - 3,816 2,048 5,906
313 LLMD 2014-3 2,776 - 3,179 2,222 3,733
314 LLMD 2014-4 3,401 - 2,009 851 4,559
315 Community Facilities District 2019-1 (17,223) - 6,556 2,293 (12,960)
400 Community Facilities District 2017-1 49,963 - 70,083 2,459 117,586
401 Community Facilities District 2017-2 (767) - 18,093 2,363 14,963
402 Community Facilities District 2020-1 - - - - -
TOTAL Special Revenue Funds 28,683,882 19,841,027 16,752,570 13,663,502 31,772,950
DEBT SERVICE FUND
500 General Debt Service Fund -$ 470,700$ 470,700$ 468,699$ 2,001$
TOTAL Debt Service Fund - 470,700 470,700 468,699 2,001
CAPITAL PROJECTS FUND
600 General Capital Projects Fund 331,979$ 1,312,540$ 1,012,540$ 433,430$ 911,089$
TOTAL Capital Projects Fund 331,979 1,312,540 1,012,540 433,430 911,089
TOTAL 60,944,170$ 47,813,416$ 44,776,406$ 37,442,205$ 68,278,371$
GENERAL FUNDS - FUND BALANCE RESERVES AND COMMITMENTS
Total General Funds Estimated Reserves at 6/30/19 35,592,332$
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ www.eastvaleca.gov 11
CITY OF EASTVALE
Interim Financial Report | QUARTER 4
Fiscal Year 2019-20
Period Ending 06/30/2020
Fund Balance Summary
Restated Audited
Fund Balance
Mid-Year Adjusted
Expenditure
Budget Actual Revenues
Actual
Expenditures
Estimated
Available Balance
Fund Name & Type 2018-19 2019-20 2019-20 2019-20 6/30/2019
Committed:
Emergency Contingency (50% of Adopted Appropriations)13,094,575
Civic Center & Library Construction 8,000,000
Public Safety Rate Increase Stabilization 1,000,000
Pension Alternatives (CalPERS Reserve)1,500,000
Total Committed Reserves 23,594,575
Total General Funds Estimated Unassigned Reserves 11,997,757$
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ www.eastvaleca.gov 12