FISCAL YEAR 2020-21, QUARTER 1 ENDING SEPTEMBER 30, 2020C I T Y O F
E A S T V A L E
FISCAL YEAR 2020 - 2021
I NTE RIM FI NAN CI AL R EP OR T
Q UARTER ON E: 3 MON T HS
CAL I F OR NIA
│││
On June 10, 2020 the City Council adopted the Fiscal Year 2020-21 budget. The interim financial report is prepared by the
Finance Department and contains informatfon related to the fiscal year 2020-21 budget and actual actfvity for revenues
and expenditures for the 3-month period ending September 30, 2020.
Prior Fiscal Year Notes: The City ended the prior fiscal year with a budget surplus of approximately $3.6 million. 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 in
additfon to residents shopping 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 2020-21; the new projectfons significantly reduced the estfmated sales tax revenue loss. However, the City had
already adopted the annual budget and significant measures were implemented to ensure operatfons contfnued within
the framework of a projected total $3.3 million General Fund revenue loss.
Sales Tax Monitoring: The Finance department is monitoring revenues closely, partfcularly sales tax. It is important to
note that although the figures represented in this report are for the first three months of the fiscal year, sales tax
applicable to the first three months is not received in this tfmeframe. The second advance sales tax payment and true
up are received after the close of the September books; as a result, total first quarter sales tax receipts are not reflected
in the figures reported in this interim report. In order to monitor actual sales tax receipts relevant to the quarter a new
summary report was created and is attached to the executfve summary tftled “Sales Tax Quarterly Summary.”
Considering the above, the City only received one advance payment of $927,328 for the quarter. The second advance
payment and true up were received after the quarter ended. All figures and reports reflect the $927,328 receivable.
Budget for sales tax is at $8.4 million for the fiscal year, which averages to $2.1 million per quarter. Quarter one receipts
for July, August, and September total $2.8 million, which could be an indicator that without further economic impacts
the City will exceed budget estfmates for the fiscal year. First quarter of the prior fiscal year totaled $2.98 million, which
is only $113,000 more than the current quarter. Additfonally, first quarter of the prior fiscal year included late payments
attributed to a State of California software change. HdL recently released revised budget estfmates for the City; the
new estfmate is $9.8 million, which is $1.3 million higher than the estfmates released by HdL last spring.
CARES Coronavirus Relief Funds: The City received an apportfonment of $820,010 from the Federal Government
through the State of California. The funds were allocated to several different categories including $403,038 to the City’s
Law Enforcement contract; $274,000 towards the Eastvale Emergency Enterprise grant program for small businesses;
$41,200 to upgrade the Council chamber video equipment and software; $56,858 for virtual City Hall services and
software; and $44,914 for public health response supplies. The law enforcement allocatfon in partfcular provided relief
to the General Fund law enforcement budget.
This report does not include projections and only focuses on the City’s performance in comparison to budgeted estimates.
General Fund Revenue and Expenditure Summary General Fund Revenue and Expenditure by Department
Other Funds Revenue and Expenditure Summary
Sales Tax Quarterly Summary
City-Wide Fund Balance
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The figures presented in this executfve summary and the attached reports reflect general ledger balances as of September
30, 2020. Approximately 25% 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). The figures in this report
represent the Finance Department’s best estfmate of revenues and expenditures for September 30, 2020 as of the
published date of this report.
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.
Balanced Budgeting – Per the City’s adopted Budget Policy, the total appropriatfons shall not exceed the total of estfmated
revenues. In the fiscal year 2020-21 budget, total General Fund appropriatfons exceeded revenues by $946,614. However,
the fiscal year 2020-2021 budget includes $1.52 million in transfers out to the General Capital Projects Fund for the Civic
Center/Library Project, the Eastvale 2040 (General Plan) project, a Police motorcycle replacement, and an additfonal
$290,000 transfer to cover a fund balance deficit in the Capital Projects Fund. These are all one-tfme expenditures, which
are an appropriate use of unassigned fund balance.
It should be noted that the Fire Fund also consists of unrestricted General Fund revenues, however due to agreements with Riverside County the fund
is separated as a special revenue fund for budgeting purposes. The Fire Fund is collapsed into the General Fund on the City’s financial statements.
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 and as a result,
property tax revenues have not yet been received
for the fiscal year. Franchise fees are received
quarterly. Overall, actual revenues are at 6% 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 and they recently released revised
General Fund
Overview
Adjusted
Budget
Actual
Activity
%
Revenues 22,734,841 1,333,318 6%
Expenditures 23,681,456 2,226,636 9%
Excess (Deficit) (946,614) (893,317)
Licenses, Permits & Fees 12%
Property Tax 11%
Other 15%
Sales & Use Tax 37%
VLF 25%
│││
budget projectfons for the current fiscal year. Budget currently stands at $8.4 million and the revised budget projectfons
from HdL are $9.8 million. As of the end of the first quarter, sales tax receipts total $927,328 or 11% of budget.
Licenses, Fees, and Permits – This category is comprised of constructfon, fire, planning, and building permits and fees, and
rental registratfon. Overall, this category is at $710,249, or 27% of budget. 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.
Intergovernmental – This category is populated by the Vehicle License in Lieu fees (VLF) and Jurupa Community Service
District (JCSD) special district assessments. VLF revenues are typically received in the second half of the fiscal year. As a
result, actuals are at $278,891 or 5% of budget.
Use of Money and Property – This category is populated investment income. Budget was estfmated at $544k and actuals
are at ($695,122). This is due to an accountfng entry from the prior year that recognizes the difference in the book and
market value of investments.
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 residents also pay levies for
special assessments, including special financing
districts, such as landscape lightfng maintenance
districts and 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.
Contract Services – This category includes law
enforcement and contracted services for building
and safety, planning, and public works. Additfonally,
a budgetfng error for the law enforcement contract
occurred during budget development for fiscal year
2019-20, which in turn lead to a budgetfng error in
the current fiscal year. As a result, the Finance
department will re-evaluate the law enforcement
budget at the 2020-21 mid-year to ensure that any
budget surplus is identffied early. Currently, actual
expenditures for the total contract category are
$920,050 or 7%. This number is low for two reasons.
The first is due to the normal processing lag for
contract services invoices, for example only the
months of July and August have been paid for law
enforcement services. The second is due to the City’s
apportfonment of CARES Coronavirus Relief Funds.
Approximately $404,000 was allocated towards the
City’s law enforcement contract, which reduced the expenditures in the General Fund.
Salaries and Benefits – The categories of salaries and benefits contain the personnel costs for City employees. Both
categories generated actual expenditures at 18% and 17% of budget. Additfonal savings were realized as a result of new
positfons remaining vacant for the first few weeks of the quarter.
Operations – Operatfons is a broad category including supplies, advertfsing, utflitfes, postage and shipping, and janitorial.
Typically, this category includes contfngency budget, however this line item was removed to balance the budget due to
expected COVID-19 economic impacts. Actual expenditures in this category are at 10% of budget.
Capital Outlay – Capital outlay consists of office equipment, computer hardware, software, furniture and fixtures. This
category is at 84% of budget primarily due to an accountfng error that was corrected in the month of October. Considering
the correctfon, the category is actually only at 25% of budget.
Contract
Services
55%
Salaries
13%Operations
11%
Transfers Out
8%
Benefits
5%
Debt Service
4%
Maintenance
2%
Capital
Outlay
1%
Staff
Development
1%
Expenditure Budget Breakdown
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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.
Revenues – Major Fire Fund revenue sources include
property tax, license, permits, and fees, and use of money
and property. Property tax has not yet been received and as
a result the category is at 0% of budget. Property tax will be receipted in the second half of the fiscal year. Overall, Fire
Fund revenues are at -2% of budget.
Licenses, permits, and fees are at 50% of budget, primarily due to an increase in fire plan check fees. Use of money and
property is populated investment income. Budget was estfmated at $59,000 and actuals are at ($219,995). This is due to
an accountfng entry from the prior year that recognizes the difference in the book and market value of investments.
Expenditures – Riverside County Fire invoices on a quarterly basis and as a result the quarter one invoice was not received
by the end of the quarter. Overall, the Fire Fund is only at 0.21% of budget. There have been minimal expenditures for
maintenance and operatfons, which are at 7% and 15% respectfvely. Maintenance and operatfons include building
maintenance, vehicle maintenance and fuel, and utflitfes.
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 6,630,233 (151,058) -2%
Expenditures 6,863,738 14,742 0.21%
Excess (Deficit) (233,505) (165,800)
CITY OF EASTVALE
Interim Financial Report | QUARTER 1
Fiscal Year 2020-21
Period Ending 09/30/2020
General Fund Summary by Category
Restated
Audited
Actuals
Restated
Audited
Actuals Aopted Budget Actuals
%
Budget
Used
Amount
Over(Under)
Budget
Description 2018-19 2019-20 2020-21 2020-21 2020-21
GENERAL FUND
Revenues
Property Taxes 2,714,215$ 2,875,731$ 2,540,545$ -$ 0%(2,540,545)$
Sales & Use Tax 9,609,575 10,348,979 8,425,000 927,328 11%(7,497,672)
Franchise Fees 1,544,629 1,644,840 1,430,968 - 0%(1,430,968)
Other Taxes 346,363 313,416 288,000 68,722 24%(219,278)
License, Permits & Fees 3,345,720 3,175,549 2,666,130 710,249 27%(1,955,881)
Fines, Penalties & Forfeitures 840,981 647,721 431,230 42,971 10%(388,259)
Intergovernmental 5,367,503 5,601,629 5,568,596 278,891 5%(5,289,706)
Use of Money & Property 404,957 1,576,335 544,390 (695,122) 0%(1,239,512)
Miscellaneous 86,322 488,523 66,500 280 0%(66,220)
Transfers 22,109 631,506 773,482 - 0%(773,482)
Total General Fund Revenues 24,282,373 27,304,230 22,734,841 1,333,318 6%(21,401,523)
Expenditures
Salaries 1,602,094$ 2,318,594$ 3,015,419$ 545,591$ 18%(2,469,827)$
Benefits 622,823 841,754 1,218,217 202,032 17%(1,016,185)
Staff Development 138,370 109,867 136,724 37,690 28%(99,033)
Contract Services 10,957,741 12,192,613 13,011,329 920,050 7%(12,091,279)
Maintenance 76,022 145,799 366,120 13,896 4%(352,224)
Operations 3,855,169 3,486,788 2,654,448 272,086 10%(2,382,362)
Capital Outlay 3,848,709 958,270 280,500 235,290 84%(45,210)
Debt Service - 1,314,367 1,010,000 - 0%(1,010,000)
Transfers Out 1,000,000 1,381,239 1,988,699 - 0%(1,988,699)
Subtotal General Fund Expenditures 22,100,929 22,749,292 23,681,456 2,226,636 9%(21,454,820)
NET REVENUE 2,181,444 4,554,938 (946,614) (893,317)
FIRE FUND
Revenues
Property Taxes (Restricted for Fire Services)6,345,925$ 6,767,148$ 6,420,987$ -$ 0%(6,420,987)$
Sales & Use Tax - - - - 0%-
Franchise Fees - - - - 0%-
Other Taxes - - - - 0%-
License, Permits & Fees 190,457 208,613 137,400 68,937 50%(68,463)
Fines, Penalties & Forfeitures 13,906 13,008 12,750 - 0%(12,750)
Intergovernmental - - - - 0%-
Use of Money & Property 132,387 498,969 59,096 (219,995) 0%(279,090)
Miscellaneous - - - - 0%-
Transfers - - - - 0%-
Total Fire Fund Revenues 6,682,675 7,487,738 6,630,233 (151,058) -2%(6,781,290)
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE
Interim Financial Report | QUARTER 1
Fiscal Year 2020-21
Period Ending 09/30/2020
General Fund Summary by Category
Restated
Audited
Actuals
Restated
Audited
Actuals Aopted Budget Actuals
%
Budget
Used
Amount
Over(Under)
Budget
Description 2018-19 2019-20 2020-21 2020-21 2020-21
Expenditures
Salaries -$ -$ -$ -$ 0%-$
Benefits - - - - 0%-
Staff Development 965 1,597 5,600 - 0%(5,600)
Contract Services 4,121,443 5,795,290 6,419,988 - 0%(6,419,988)
Maintenance 22,295 184,629 40,800 2,799 7%(38,001)
Operations 110,099 75,777 77,350 11,943 15%(65,407)
Capital Outlay - 29,687 70,000 - 0%(70,000)
Debt Service 481,929 249,111 250,000 - 0%(250,000)
Transfers Out - 115 - - 0%-
Subtotal General Fund Expenditures 4,736,731 6,336,207 6,863,738 14,742 0.21%(6,848,996)
NET REVENUE 1,945,944 1,151,531 (233,505) (165,800)
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE
Interim Financial Report | QUARTER 1
Fiscal Year 2020-21
Period Ending 09/30/2020
General Fund Summary by Departments
Restated
Audited
Actuals
Restated
Audited
Actuals Aopted Budget Actuals
%
Budge
t Used
Amount
Over(Under)
Budget
Description 2018-19 2019-20 2020-21 2020-21 2020-21
GENERAL FUND
Revenues
Property Taxes 2,714,215$ 2,875,731$ 2,540,545$ -$ 0%(2,540,545)$
Sales & Use Tax 9,609,575 10,348,979 8,425,000 927,328 11%(7,497,672)
Franchise Fees 1,544,629 1,644,840 1,430,968 - 0%(1,430,968)
Other Taxes 346,363 313,416 288,000 68,722 24%(219,278)
License, Permits & Fees 3,345,720 3,175,549 2,666,130 710,249 27%(1,955,881)
Fines, Penalties & Forfeitures 840,981 647,721 431,230 42,971 10%(388,259)
Intergovernmental 5,367,503 5,601,629 5,568,596 278,891 5%(5,289,706)
Use of Money & Property 404,957 1,576,335 544,390 (695,122) 0%(1,239,512)
Miscellaneous 86,322 488,523 66,500 280 0%(66,220)
Transfers 22,109 631,506 773,482 - 0%(773,482)
Total General Fund Revenues 24,282,373 27,304,230 22,734,841 1,333,318 6%(21,401,523)
Expenditures
General Services
100 City Council 290,786$ 109,272$ 203,652$ 44,611$ 22%(159,041)$
110 City Attorney 328,893 307,082 390,000 49,877 13%(340,123)
120 City Clerk 405,178 419,335 335,606 68,799 20%(266,807)
200 City Manager 1,024,849 699,087 640,531 145,606 23%(494,925)
210 Finance 707,733 710,678 693,378 166,323 24%(527,055)
220 Talent Attraction and Development 370,561 519,914 565,319 271,449 48%(293,870)
240 Information Technology 403,439 252,352 477,758 91,751 19%(386,007)
260 Communications 5,051 243,744 294,545 50,700 17%(243,845)
290 General Government 4,526,798 2,764,206 3,253,041 6,523 0%(3,246,518)
295 Building Maintenance 752,448 825,546 1,058,672 84,623 8%(974,049)
Subtotal General Services 8,815,735 6,851,215 7,912,502 980,262 12%(6,932,240)
Community Development
300 Planning 1,212,827$ 750,363$ 631,776$ 89,465$ 14%(542,311)$
301 Administration 6,619 521,072 771,413 95,901 12%(675,511)
310 Building & Safety 2,237,505 2,277,358 1,216,606 216,126 18%(1,000,480)
320 Engineering 125,097 241,479 609,616 32,914 5%(576,702)
330 Community Enhancement & Safety 726,192 862,700 787,735 159,886 20%(627,848)
500 Public Works 247,268 1,063,808 158,199 175,593 111%17,394
Subtotal Community Development 4,555,508 5,716,779 4,175,345 769,887 18%(3,405,458)
Public Safety
400 Law Enforcement 8,424,368$ 9,844,040$ 11,168,609$ 459,817$ 4%(10,708,792)$
430 Animal Control 229,552 279,592 340,000 16,670 5%(323,330)
440 Crossing Guards 75,765 57,664 85,000 - 0%(85,000)
Subtotal Public Safety 8,729,686 10,181,297 11,593,609 476,487 4%(11,117,122)
Total General Fund Expenditures 22,100,929 22,749,292 23,681,456 2,226,636 9%(21,454,820)
TOTAL NET REVENUE 2,181,444 4,554,938 (946,614) (893,317)
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE
Interim Financial Report | QUARTER 1
Fiscal Year 2020-21
Period Ending 09/30/2020
General Fund Summary by Departments
Restated
Audited
Actuals
Restated
Audited
Actuals Aopted Budget Actuals
%
Budge
t Used
Amount
Over(Under)
Budget
Description 2018-19 2019-20 2020-21 2020-21 2020-21
FIRE FUND
Revenues
Property Taxes (Restricted for Fire Services)6,345,925$ 6,767,148$ 6,420,987$ -$ 0%(6,420,987)$
Sales & Use Tax - - - - 0%-
Franchise Fees - - - - 0%-
Other Taxes - - - - 0%-
License, Permits & Fees 190,457 208,613 137,400 68,937 0%(68,463)
Fines, Penalties & Forfeitures 13,906 13,008 12,750 - 0%(12,750)
Intergovernmental - - - - 0%-
Use of Money & Property 132,387 498,969 59,096 (219,995) 0%(279,090)
Miscellaneous - - - - 0%-
Transfers - - - - 0%-
Total Fire Fund Revenues 6,682,675 7,487,738 6,630,233 (151,058) -2%(6,781,290)
Expenditures
Public Safety
420 Fire Services (Restricted)4,736,731 6,336,207 6,863,738 14,742 0 (6,848,996)
Total Fire Fund Expenditures 4,736,731 6,336,207 6,863,738 14,742 0%(6,848,996)
TOTAL FIRE FUND NET REVENUE 1,945,944 1,151,531 (233,505) (165,800)
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE
Interim Financial Report | QUARTER 1
Fiscal Year 2020-21
Period Ending 09/30/2020
Other Funds Summary
Restated
Audited Actuals
Restated
Audited Actuals Aopted Budget Actuals
% Budget
Used
Amount
Over(Under)
Budget
Description 2018-19 2019-20 2020-21 2020-21 2020-21
OTHER FUNDS
Revenues
200 Gas Tax 1,384,225 3,353,491 1,363,155 152,816 11%(1,210,339)
201 SB1 1,189,225 1,179,586 841,980 82,744 10%(759,235)
206 Area Drainage Plan (ADP)- 874,406 - - 0%-
210 Measure A 1,547,055 1,564,879 1,265,008 (53,314) -4%(1,318,322)
220 AQMD 88,123 91,388 134,786 (2,362) -2%(137,147)
240 Miscellaneous Grants 1,672,558 819,960 1,647,872 38,464 2%(1,609,408)
241 Grant: Coronavirus Relief Fund - 31,197 - 410,004 0%410,004
250 Community Development Block Grant 275,889 198,827 394,435 - 0%(394,435)
290 Transportation DIF 146,283 229,580 183,362 (10,202) -6%(193,564)
291 Fire DIF 74,699 59,997 62,606 239 0%(62,367)
292 Public Facilities DIF 131,970 705,484 232,296 20,278 9%(212,018)
293 Road and Bridge Benefit District 45,299 491,919 31,334 (21,056) -67%(52,390)
500 Debt Service - 468,699 468,699 - 0%(468,699)
600 Capital Projects 5,491,640 952,768 1,522,678 - 0%(1,522,678)
Total Other Fund Revenues 12,046,967 11,022,182 8,148,210 617,611 8%(7,530,599)
Expenditures
200 Gas Tax 3,245,223 1,762,400 5,189,007 103,385 2%(5,085,622)
205 SB1 1,101,096 18,843 1,800,000 942 0%(1,799,059)
206 Area Drainage Plan (ADP)- - - - 0%-
210 Measure A 2,643,996 1,661,052 1,815,701 26,835 1%(1,788,866)
220 AQMD 57,592 3,015 525 10,000 1905%9,475
240 Miscellaneous Grants 494,682 871,267 1,232,480 5,851 0%(1,226,629)
241 Miscellaneous Grants - 31,154 820,010 281,898 34%(538,112)
250 Community Development Block Grant 518,685 (82,879) 394,435 - 0%(394,435)
290 Transportation DIF 4,589 35,992 3,667 - 0%(3,667)
291 Fire DIF 2,405 1,163 1,252 - 0%(1,252)
292 Public Facilities DIF 3,020,708 3,632 57,640 11,048 19%(46,592)
293 Road and Bridge Benefit District - 227 567,715 21,575 4%(546,140)
500 Debt Service - 468,699 468,699 - 0%(468,699)
600 Capital Projects 5,159,176 408,205 1,230,000 - 0%(1,230,000)
Subtotal Other Fund Expenditures 16,248,152 5,182,771 13,581,132 461,533 3%(13,119,598)
NET REVENUE (4,201,185) 5,839,411 (5,432,922) 156,077
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE
Interim Financial Report | QUARTER 1
Fiscal Year 2020-21
Period Ending 09/30/2020
Fund Balance Summary
Restated
Audited Fund
Balance
Restated
Audited Fund
Balance
Adopted
Budget
Actual
Revenues
Actual
Expenditures
Estimated
Available
Balance
Fund Name & Type 2018-19 2019-20 2020-21 2020-21 2020-21 9/30/2021
GENERAL FUNDS
100 General Fund 31,928,309$ 36,539,651$ 23,681,456$ 1,333,318$ 2,226,636$ 35,646,334$
TOTAL General Funds 31,928,309 36,539,651 23,681,456 1,333,318 2,226,636 35,646,334
SPECIAL REVENUE FUNDS
110 Fire Fund 10,342,639$ 11,445,158$ 6,863,738$ (151,058)$ 14,742$ 11,279,358$
200 Gas Tax Fund 4,756,146 6,346,814 5,189,007 152,816 103,385 6,396,245
205 Road Maintenance and Rehabilitation Fund 88,598 1,249,341 1,800,000 82,744 942 1,331,143
206 Area Drainage Plan (ADP)- 906,050 - - - 906,050
210 Measure A Fund 3,309,012 3,120,835 1,815,701 (53,314) 26,835 3,040,686
211 TDA Fund - - - - - -
220 Air Quality Management District 319,092 427,465 525 (2,362) 10,000 415,103
230 Law Enforcement Grants - - - - - -
240 Miscellaneous Grants Fund 52,277 971 1,232,480 38,464 5,851 33,583
241 Grants: Coronavirus Relief Fund - - 820,010 410,004 281,898 128,106
250 Community Development Block Grant (281,714) (7) 394,435 - - (7)
260 Local Law Enforcement Services 42,551 51 - - - 51
270 TUMF Reimbursement Find - (58) 2,314,838 - 1,089 (1,147)
290 DIF Transportation Facilities Fund 2,010,058 443,538 3,667 (10,202) - 433,336
291 DIF Fire Facilities Fund 387,296 446,130 1,252 239 - 446,369
292 DIF Public Facilities Fund 53,880 755,431 57,640 20,278 11,048 764,661
293 Road and Bridge Benefit District 6,030,036 6,521,727 567,715 (21,056) 21,575 6,479,096
300 LLMD 89-1 Zone 10 (12,072) (9,154) 5,562 - 8 (9,162)
301 LLMD 89-1 Zone 33 22,657 28,459 1,009 (22,742) 2 5,715
302 LLMD 89-1 Zone 41 1,341,257 1,527,671 17,614 (5,183) 2,520 1,519,968
303 LLMD 89-1 Zone 79 13,668 15,629 1,375 (420) 225 14,984
304 LLMD 89-1 Zone 85 26,818 27,806 246 (2,268) 1 25,537
305 LLMD 89-1 Zone 111 130,532 147,718 8,869 (333) 603 146,782
306 LLMD 89-1 Zone 115 (8,396) (14,759) 5,760 (809) 371 (15,939)
307 LLMD 89-1 Zone 116 49,687 54,933 3,555 (151) 325 54,457
308 LLMD 89-1 Zone 147 (279) (2,253) 2,696 - 201 (2,454)
309 LLMD 89-1 Zone 151 (28,718) (34,509) 12,860 - 427 (34,936)
310 LLMD 89-1 Zone 156 (8,946) (13,199) 9,942 (76) 453 (13,728)
311 Benefit Assessment District 2014-2 5,515 7,184 2,900 (99) 583 6,502
312 LLMD 2014-1 4,138 5,981 1,973 (61) 390 5,530
313 LLMD 2014-3 2,776 3,810 2,148 (72) 424 3,314
314 LLMD 2014-4 3,401 4,559 818 20 155 4,424
315 Community Facilities District 2019-1 (17,223) (13,051) 18,000 - 765 (13,817)
400 Community Facilities District 2017-1 49,963 118,478 9,900 (481) 789 117,209
401 Community Facilities District 2017-2 (767) 14,923 18,750 (51) 789 14,084
402 Community Facilities District 2020-1 - - - - 630 (630)
TOTAL Special Revenue Funds 28,683,882 33,533,671 21,184,986 433,827 487,024 33,480,474
DEBT SERVICE FUND
500 General Debt Service Fund -$ -$ 468,699$ -$ -$ -$
TOTAL Debt Service Fund - - 468,699 - - -
CAPITAL PROJECTS FUND
600 General Capital Projects Fund 331,979$ 876,485$ 1,230,000$ -$ -$ 331,979$
TOTAL Capital Projects Fund 331,979 876,485 1,230,000 - - 331,979
TOTAL 60,944,170$ 70,949,806$ 46,565,141$ 1,767,145$ 2,713,659$ 69,458,787$
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE
Interim Financial Report | QUARTER 1
Fiscal Year 2020-21
Period Ending 09/30/2020
Fund Balance Summary
Restated
Audited Fund
Balance
Restated
Audited Fund
Balance
Adopted
Budget
Actual
Revenues
Actual
Expenditures
Estimated
Available
Balance
Fund Name & Type 2018-19 2019-20 2020-21 2020-21 2020-21 9/30/2021
GENERAL FUNDS - FUND BALANCE RESERVES AND COMMITMENTS
Total General Funds Estimated Reserves at 6/30/20 36,539,651$
Committed:
Emergency Contingency (50% of Adopted Appropriations)11,840,728
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 22,340,728
Total General Funds Estimated Unassigned Reserves at 09/30/2020 14,198,923$
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE
Interim Financial Report | QUARTER 1
Fiscal Year 2020-21
Period Ending 09/30/2020
Sales Tax Summary
Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2020-21
Quarter 2017-18 2018-19 2019-20**2020-21 Budget
Quarter 1 2,172,737 2,454,597 2,986,937 2,873,677 8,425,000
Quarter 2 2,270,942 2,693,017 2,807,803 -
Quarter 3 1,848,685 2,129,355 2,272,291 - Quarterly
Quarter 4 2,005,467 2,332,606 2,281,948 - Budget:
TOTAL Sales Tax 8,297,831 9,609,575 10,348,979 2,873,677 2,106,250
*Sales tax figures represent sales tax receipts applicable to the quarters indicated. Amounts may not have
been actually received in the quarter indicated, these totals may not be represented in other summary
reports included in this quarterly interim report.
**Sales tax for quarter 1 2019-20 included a late payment from the state applicable to prior quarters, this
timing issue is the result of a state software system conversion. As a result, the amounts for quarter 1 2019-
20 appear higher than normal.
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov