FISCAL YEAR 2021-22, QUARTER 2 ENDING DECEMBER 31, 2021E A S T V A L E
CALIFORNIA
CITY OF
INTERIM F IN ANCIAL REPO RT
QUA RTER TWO | 6 MONTHS
FISCAL YEAR 2021 - 2022
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On June 23, 2021, the City Council adopted the Fiscal Year 2021-22 budget. The interim financial report is prepared by the
Finance Department and contains informatfon related to the fiscal year 2021-22 budget and actual actfvity for revenues
and expenditures for the 6-month period ending December 3, 2021. The figures contained in this report are unaudited.
The informatfon in this report does not include Mid-Year adjustments, which was adopted by the Council after the close
of the period ending December 31, 2021.
Prior Fiscal Year Notes: The city ended the prior fiscal year with a budget surplus of $25.3 million. The surplus is due
to several factors. The overwhelming majority of the surplus is due to a change in the city’s sales tax receipts.
Additfonally, the City experienced savings in its largest department in the General Fund, Law Enforcement. Law
enforcement had a budget surplus due to a carried forward budgetfng error and due to the use of Coronavirus Relief
Funds for law enforcement contract costs. The city’s financial statements have been issued, and figures in this report
reflect audited balances.
Sales Tax Monitoring: The Finance department is monitoring revenues closely, partfcularly sales tax. A true up
payment applicable to quarter 2 ending December 31, 2020, of the prior fiscal year, has not yet been received. It is
likely the true up will be received in the current fiscal year. In additfon, the city antfcipates receiving a full year of the
adjusted sales tax revenues due to a local business’s change to their business model. 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.”
Appropriations Limit: A summary report, “Appropriatfons Limit Summary,” is included in this report. The city
exceeded the state mandated Appropriatfons Limit for fiscal year 2020-21. The summary report details the city’s limit
and revenues subject to appropriatfons in additfon to providing trend data for the last three fiscal years. The city will
address the appropriatfons limit implicatfons during the 2021-22 fiscal year mid-year review.
American Rescue Plan Act Funds: The city will receive approximately $7.36 million in American Rescue Plan Act (ARPA)
State and Local Fiscal Recovery Funds (SLFRF). Final guidance and allocatfon informatfon was recently released by the
Federal Department of Treasury in January 2022. These funds will be like the CARES CRF funds, will be subject to a
federal single audit, and must be expensed by December 31, 2024. City Council has preliminarily identffied
approximately $4.1 million of SLFRF funds to use towards law enforcement contract costs. Final budget
appropriatfons for SLFRF will be brought for Council approval at the mid-year review.
This report does not include projections and only focuses on the City’s performance in comparison to budgeted estimates.
General Fund Summary by Category General Fund Summary by Department
General Fund Operatfng Summary
City-Wide Fund Balances
Appropriatfons Summary
Other Funds Revenue and Expenditure Summary
Sales Tax Quarterly Summary
The figures presented in this executfve summary and the attached reports reflect general ledger balances as of December
31, 2021. Approximately 40% 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). 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. The figures in this
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report represent the audited figures for June 30, 2021 and the Finance Department’s best estfmate of revenues and
expenditures for December 31, 2021, 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 sales tax, property 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
adopted fiscal year 2021-22 budget, total General
Fund expenditure appropriatfons did not exceed
revenues and the budget surplus totaled
$801,892. Since the budget was adopted several
budget appropriatfons have been approved by
Council; these appropriatfons total $604,000 as of
the publish date of this report. Details of the city’s
operatfng statement can be found in the
Attachment General Fund Operatfng Summary.
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 an
other-purpose general fund for budgeting purposes. The Fire Fund is collapsed into the General Fund on the city’s financial statements. Fire Fund
information is in the section following the General Fund in this report.
As a general note, not all revenues are received monthly including sales tax, property tax, and franchise fees. The State of
California provides sales tax estfmated advance installments monthly and issues the city a quarterly true-up after the State
receives quarterly tax returns from businesses. A majority of property tax is typically received solely in the second half of
the fiscal year and as a result, a portfon of property tax revenues have not yet been received for the fiscal year. Franchise
fees are received quarterly.
General Fund
Overview
Adjusted
Budget
Actual
Activity
%
Revenues 27,069,060 17,710,907 65%
Expenditures 26,871,168 6,706,186 25%
Surplus (Deficit) 197,892 11,004,721
0
10
20
30
40
50
2019-20 Actuals 2020-21 Actuals 2021-22 Budget 2021-22 Actuals
To-DateMillionsYear-by-Year Revenue and Expenditures
Revenue
Expenditure
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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 budget
projectfons for the current fiscal year over the
summer. Budget currently stands at $11.7 million
and the revised budget projectfons from HdL are
$52.0 million. This is a projected 444% increase over
the adopted sales tax budget, due to a local
business’s change in their business model. Updated
budget appropriatfons will be included in the mid-
year budget update.
Property Tax – Property tax revenues are based solely on the valuatfon of property, both secured and unsecured, within
the city. Secured property is property including land and buildings; unsecured property includes equipment and
machinery. Property tax revenues are typically received in the second half of the fiscal year. As a result, actual revenues
are at $1,155,508 or 34% 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 $1,157,385 or 41% 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. Compared to the prior year the budget for this category has been reduced
by approximately 20%.
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 last seven months of the fiscal year.
As a result, actuals stand at $356,775 or 6% of budget.
Use of Money and Property – This category is populated investment income. Budget was estfmated at $500,000 and
actuals are at ($197,152). This is due to a Government Accountfng Standards Board (GASB) required accountfng entry from
the prior year that recognizes the difference in the book and market value of investments, known as unrealized gain or
loss.
Overall, General Fund revenues are at $17,710,907 or 65% of budget.
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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
A comparison of the adjusted budget to actual expenditures provides an overview of how actual expenditures compare
to the city’s budget. Overall, actual expenditures are at $6,706,186 or 25% of budget.
Contract Services – This category is the largest category includes law enforcement and contracted services for building
and safety, planning, and public works. Currently, actual expenditures for the total contract category are $2,947,841 or
21% of budget; total budget for this category is $14.3 million. Actuals in this category are low due to invoices for building
public works, and law enforcement contract services have not been paid for the entfre six-month period. The largest
expenditure within this category is the Law Enforcement contract with Riverside County Sheriff; budget for law $0.51 State General Fund $0.14 State Local Revenue Fund $0.13 EASTVALE $0.06 RIVCO RCTC $0.06 State Local Rev $0.06 State Local Safety $0.03 RIVCO Transportation
│││
enforcement totals $11.6 million. This category is
expected to have significant savings this fiscal year,
as the city will be utflizing a portfon of its APRA SLFRF
apportfonment to reimburse for the General Fund
for law enforcement contract costs totaling $4.1
million. This contributfon will be one-tfme in nature
as the city does not expect to contfnue to be able to
offset contract costs into the future. Other major
contracts in this category are animal control,
crossing guards, and legal services.
Salaries and Benefits – The categories of salaries and
benefits contain the personnel costs for city
employees. Both categories generated actual
expenditures at 37% and 34% of budget. Staff
expects to see additfonal savings in this category due
to new positfons remaining vacant during
recruitment during the fiscal year.
Operations – Operatfons is a broad category
including supplies, advertfsing, utflitfes, postage and shipping, and janitorial. Actual expenditures in this category are at
$1,384,177 or 34% of budget.
Capital Outlay – Capital outlay consists of office equipment, computer hardware, software, furniture, and fixtures. This
category is at $112,960 or 89% of budget due to annual software licenses paid in advance at the start of the fiscal year.
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 currently owes $2.6 million
to Goodman for traffic infrastructure (streets, storm drains, streetlights, signing and striping, and signals) completed by
the developer. The city has paid $1.9 million to date. The city has 20 years to repay the debt, interest free. Plan have been
made to payoff the Goodman agreement at the mid-year budget review. 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 obligatfon is paid to Riverside County through both the General Fund and the Fire Fund. The debt
service category is at 0% of budget, as these items were not due during the first half of the year.
Overall, the General Fund is at $6,706,186 or 25% of expenditure budget.
The General Fund will likely complete the fiscal year with $36.0 million in net revenue, also called a budget surplus
(revenue minus expenditures), for the fiscal year 2021-22. Additfonal analysis will be completed at the mid-year process.
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, licenses, permits, and fees, and use of money and property.
General Fund
Overview
Adjusted
Budget
Actual
Activity
%
Revenues 7,571,931 2,275,335 30%
Expenditures 6,621,684 116,618 2%
Surplus (Deficit) 950,247 2,158,717
Contract
Services
51.5%
Operations
17.7%Salaries 16.7%
Benefits 6.0%
Transfers Out
3.1%
Debt Service
3.6%
Maintenance
0.9%
Capital Outlay
0.5%
Expenditure Budget Breakdown
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Property tax, like the General Fund is primarily received in the second half of the fiscal year. Property tax is currently at
0% of budget as these revenues are typically received in the last seven months of the fiscal year.
Licenses, permits, and fees are at 19% of budget, primarily due to an increase in fire plan check permits.
Use of money and property is populated by investment income. Budget was estfmated at $95,000 and actuals are at
($64,700). This is due to a GASB required accountfng entry from the prior year that recognizes the difference in the book
and market value of investments. This entry causes overall revenues in the Fire Fund to reflect a lower value than the
single category of property tax receipts for the fund.
Overall, Fire Fund revenues are at 30% of budget.
Expenditures – Contract services for
Riverside County Fire stand at $5,040 or 1%
of budget. As of December 31st, CAL Fire had
not yet delivered the first quarter invoice for
services.
Maintenance and operatfons actuals are at
33% and 30% respectfvely. Maintenance and
operatfons include building maintenance,
vehicle maintenance and fuel, and utflitfes.
Overall, the Fire Fund is at $116,618 or 2% of
expenditure budget.
Net Revenue – The Fire Fund is projected to
complete the fiscal year with $950,247 in net
revenue, also called a budget surplus, for the
fiscal year 2021-22.
The city’s other funds consist of special revenue funds and two funds solely consistfng of General Fund contributfons, the
Capital Projects Fund and the Debt Service Fund. These two funds were created in order to track capital projects funded
by the General Fund and debt.
Gas Tax – Although fuel sales are down in the city and statewide, fuel taxes contfnue to be received at almost the same
level compared to the prior fiscal year, revenue actuals are $706,507 or 41% of budget. Gas taxes are collected and
allocated to local governments from the State of California pursuant to sectfon 2103 of California Streets and Highways
code. Apportfonments are based on the city’s populatfon, vehicle registratfons, and maintained street miles. Expenditures
in this fund are restricted for use towards streets or roads. Expenditures in this fund are at 7% of budget for a total of
$291,279. Capital improvement projects are utflizing built up fund balance (savings) in this fund to cover project costs
that exceed current year revenues.
Most government funds and budgets are managed using a method called “modified accrual” accountfng. Modified accrual means
that governmental funds are managed on a cash basis throughout the year. At year-end accruals are processed to ensure revenues
and expenditures are recorded in the appropriate fiscal year in which the transactfons actually occurred. This method applies to all
the city’s funds (General Fund and Special Revenue funds).
0
1
2
3
4
5
6
7
8
9
2019-20 Actuals 2020-21 Actuals 2021-22 Budget 2021-22 Actuals
To-DateMillionsYear-by-Year Revenue and Expenditures
Revenue Expenditure
│││
As an illustratfon, revenue is recorded as it is received throughout the fiscal year (cash basis). The majority of General Fund revenues
are received sporadically throughout the year, and most is received or accrued in the final nine months of the fiscal year. Meanwhile,
expenditures contfnue each month, regardless of whether revenues have been received. This circumstance highlights the
importance of maintaining an adequate operatfng reserve that allows for cash flow needs throughout the fiscal year, especially
during months in which some revenues categories are not received.
CITY OF EASTVALE UNAUDITED: 40% Reported
Fiscal Year 2021-22Interim Financial Report | QUARTER TWO ending December 31, 2021 | 6 months
General Fund Summary by Category
Restated
Audited
Actuals
Restated
Unaudited
Actuals
Adjusted
Budget Actuals
Amount
Over(Under)
Budget
Description 2019-20 2020-21 2021-22 12/31/2021 2021-22
GENERAL FUND
Revenues
Property Taxes 3,060,578$ 3,526,028$ 3,445,652$ 1,155,508$ 34%(2,290,144)$
Sales & Use Tax 9,609,575 28,120,058 11,700,000 13,970,191 119%2,270,191
Franchise Fees 1,544,629 5,937,579 1,647,000 454,745 28%(1,192,255)
Property Transfer Tax - 0 0 0 0%-
License, Permits & Fees 3,314,589 2,885,193 2,817,010 1,157,385 41%(1,659,625)
Fines, Penalties & Forfeitures 840,981 583,856 490,000 168,298 34%(321,702)
Intergovernmental 6,097,008 5,804,854 6,099,611 356,775 6%(5,742,836)
Use of Money & Property 404,957 135,626 500,000 (197,152)-39%(697,152)
Miscellaneous 86,322 237,295 86,500 645,156 746%558,656
Transfers In 22,109 17,886 283,287 0 0%(283,287)
Total General Fund Revenues 24,980,747 47,248,375 27,069,060 17,710,907 65%(9,358,153)
Expenditures
Salaries 1,602,094$ 2,642,258$ 4,459,623$ 1,660,665$ 37%(2,798,958)$
Benefits 619,372 1,083,089 1,602,601 537,605 34%(1,064,997)
Contract Services 11,313,967 12,106,951 14,324,290 2,947,841 21%(11,376,449)
Maintenance 76,022 105,619 242,700 62,937 26%(179,763) Operations 3,640,764 2,644,003 4,117,939 1,384,177 34%(2,733,762)
Capital Outlay 3,848,709 242,536 126,400 112,960 89%(13,440)
Debt Service - 1,128,129 957,500 0 0%(957,500)
Transfers Out 1,000,000 1,989,214 1,040,114 0 0%(1,040,114)
Total General Fund Expenditures 22,100,929 21,941,798 26,871,168 6,706,186 25%(20,164,982)
NET REVENUE 2,879,818 25,306,577 197,892 11,004,721 10,806,829
OTHER PURPOSE GENERAL FUNDS
RESTRICTED STRUCTURAL FIRE FUND
Revenues
Property Taxes (Restricted for Fire Services)6,345,925$ 7,289,292$ 7,298,931$ 2,309,224$ 32%(4,989,707)$
Sales & Use Tax - 0 0 0 0 -
Franchise Fees - 0 0 0 0 -
Other Taxes - 0 0 0 0 -
License, Permits & Fees 190,457 154,718 165,000 30,811 19%(134,189)
Fines, Penalties & Forfeitures 13,906 25,979 13,000 0 0%(13,000)
Intergovernmental - 0 0 0 0 -
Use of Money & Property 132,387 2,927 95,000 (64,700)-68%(159,700)
Miscellaneous - 0 0 0 0 -
Transfers - 167,660 0 0 0 -
Total Fire Fund Revenues 6,682,675 7,640,575 7,571,931 2,275,335 30%(5,296,596)
Expenditures
Salaries -$ 797$ -$ 808$ 0 808$
Benefits - 107 0 0 0 -
Contract Services 4,121,443 5,463,946 5,942,987 5,040 0%(5,937,947)
Maintenance 22,295 52,275 58,000 19,299 33%(38,701)
Operations 111,064 78,136 278,197 84,072 30%(194,125)
Capital Outlay - 0 85,000 7,400 9%(77,600)
Debt Service 481,929 252,432 257,500 0 0%(257,500)
Transfers Out - 0 0 0 0 -
Total General Fund Expenditures 4,736,731 5,847,693 6,621,684 116,618 2%(6,505,066)
NET REVENUE 1,945,944 1,792,882 950,247 2,158,717 1,208,470
% Budget
Used
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 40% Reported
Fiscal Year 2021-22Interim Financial Report | QUARTER TWO ending December 31, 2021 | 6 months
General Fund Summary by Departments
Restated
Audited Actuals
Restated
Unaudited
Actuals
Adjusted
Budget Actuals
Amount
Over(Under)
Budget
Description 2019-20 2020-21 2021-22 12/31/2021 2021-22
GENERAL FUND
Revenues
General Services
Non Departmental 20,123,803$ 43,807,884$ 23,161,050$ 16,079,825$ 69%(7,081,225)$
City Clerk 20,532 42,702 18,000 19,853 110%1,853
City Manager 3,000 6,056 6,000 200 3%(5,800)
Finance 131,845 160,501 176,650 51,674 29%(124,976)
General Government - - - - 0%- Subtotal General Services 20,279,180 44,017,142 23,361,700 16,151,551 69%(7,210,149)
Community Development
Community Development 1,422,969$ 442,340$ 1,117,860$ 946,919$ 85%(170,941)$
Subtotal Community Development 1,422,969 442,340 1,117,860 946,919 85%(170,941)
Community Safety
Community Safety 2,303,231$ 2,154,008$ 2,025,000$ 423,803$ 21%(1,601,197)$
Subtotal Community Safety 2,303,231 2,154,008 2,025,000 423,803 21%(1,601,197)
Public Safety
Public Safety 975,367$ 634,885$ 564,500$ 188,634$ 33%(375,866)$
Subtotal Public Safety 975,367 634,885 564,500 188,634 33%(375,866)
Total General Fund Revenues 24,980,747 47,248,375 27,069,060 17,710,907 65%(9,358,153)
Expenditures
General Services
100 City Council 290,786$ 133,393$ 251,454$ 71,823$ 29%(179,631)$
110 City Attorney 328,893 299,975 390,000 96,752 25%(293,248) 120 City Clerk 405,178 420,701 525,033 166,184 32%(358,849)
200 City Manager 1,024,849 613,963 766,001 264,394 35%(501,608)
210 Finance 707,733 708,666 1,026,278 370,572 36%(655,706)
220 Talent Attraction and Development 291,895 485,963 608,891 274,430 45%(334,461)
230 Risk Management 78,667 164,653 315,252 249,432 79%(65,820) 240 Information Technology 403,439 411,918 0 111,350 0%111,350
260 Communications 5,051 253,125 827,333 296,179 36%(531,154)
290 General Government 4,526,798 3,534,137 2,404,814 472,466 20%(1,932,348)
295 Building Maintenance 752,448 357,011 578,600 192,115 33%(386,485)
720 Events - 0 0 44,074 0%44,074 Subtotal General Services 8,815,735 7,383,505 7,693,656 2,609,770 34%(5,083,886)
Community Development
301 Administration 6,619$ 562,236$ 1,199,519$ 404,846$ 34%(794,673)$
300 Planning 1,212,827 541,489 839,984 262,552 31%(577,432)
320 Engineering 125,097 504,724 1,863,872 313,836 17%(1,550,036) 500 Public Works 247,268 415,523 696,744 177,395 25%(519,349)
Subtotal Community Development 1,591,811 2,023,972 4,600,119 1,158,630 25%(3,441,490)
Community Safety
311 Administration -$ -$ 236,236$ 502$ 0%(235,734)$
310 Building Safety 2,237,505 2,122,378 1,300,253 213,999 16%(1,086,254) 330 Community Enhancement & Safety 726,192 663,285 1,028,164 317,297 31%(710,867)
Subtotal Community Safety 2,963,697 2,785,663 2,564,654 531,799 21%(2,032,855)
% Budget
Used
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 40% Reported
Fiscal Year 2021-22Interim Financial Report | QUARTER TWO ending December 31, 2021 | 6 months
General Fund Summary by Departments
Restated
Audited Actuals
Restated
Unaudited
Actuals
Adjusted
Budget Actuals
Amount
Over(Under)
Budget
Description 2019-20 2020-21 2021-22 12/31/2021 2021-22
% Budget
Used
Public Safety
400 Law Enforcement 8,424,368$ 9,557,446$ 11,632,238$ 2,292,355$ 20%(9,339,883)$ 430 Animal Control 229,552 167,648 290,000 78,372 27%(211,628)
440 Crossing Guards 75,765 23,563 90,500 35,260 39%(55,240)
Subtotal Public Safety 8,729,686 9,748,658 12,012,738 2,405,987 20%(9,606,751)
Total General Fund Expenditures 22,100,929 21,941,798 26,871,168 6,706,186 25%(20,164,982)
TOTAL NET REVENUE 2,879,818 25,306,577 197,892 11,004,721 10,806,829
OTHER PURPOSE GENERAL FUNDS
RESTRICTED STRUCTURAL FIRE FUND
Revenues
Property Taxes (Restricted for Fire Serv 6,345,925$ 7,289,292$ 7,298,931$ 2,309,224$ 32%(4,989,707)$
Sales & Use Tax - - - - 0 -
Franchise Fees - - - - 0 -
Other Taxes - - - - 0 -
License, Permits & Fees 190,457 154,718 165,000 30,811 19%(134,189)
Fines, Penalties & Forfeitures 13,906 25,979 13,000 - 0%(13,000)
Intergovernmental - - - - 0 -
Use of Money & Property 132,387 2,927 95,000 (64,700) -68%(159,700)
Miscellaneous - - - - 0 -
Transfers - 167,660 - - 0 -
Total Fire Fund Revenues 6,682,675 7,640,575 7,571,931 2,275,335 30%(5,296,596)
Expenditures
Public Safety
290 General Government 481,929$ 253,044$ 257,500$ -$ 0%(257,500)$ 295 Building Maintenance - 15,032 196,747 99,798 51%(96,949)
320 Engineering - 256 0 808 0%808
420 Fire Services 4,254,802 5,579,360 6,167,438 16,013 0%(6,151,425)
Total Fire Fund Expenditures 4,736,731 5,847,693 6,621,684 116,618 2%(6,505,066)
TOTAL FIRE FUND NET REVENUE 1,945,944 1,792,882 950,247 2,158,717 1,208,470
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 40% Reported
Fiscal Year 2021-22Interim Financial Report | QUARTER TWO ending December 31, 2021 | 6 months
General Fund Operating Summary
Restated
Audited
Actuals
Restated
Unaudited
Actuals
Adjusted
Budget Actuals
Amount
Over(Under)
Budget
Description 2019-20 2020-21 2021-22 12/31/2021 2021-22
GENERAL FUND
Operating Revenues
Property Taxes 3,189,147$ 3,526,028$ 3,445,652$ 1,155,508$ 34%(2,290,144)$
Sales & Use Tax 10,348,979 28,120,058 11,700,000 13,970,191 119%2,270,191
Franchise Fees 1,644,840 5,937,579 1,647,000 454,745 28%(1,192,255)
Property Transfer Tax - - 0 - 0%-
License, Permits & Fees 3,181,576 2,885,193 2,817,010 1,157,385 41%(1,659,625)
Fines, Penalties & Forfeitures 647,721 583,856 490,000 168,298 34%(321,702)
Intergovernmental 6,301,448 5,804,854 6,099,611 356,775 6%(5,742,836)
Use of Money & Property 1,576,335 135,626 500,000 (197,152) -39%(697,152)
Miscellaneous 488,523 237,295 86,500 645,156 746%558,656
Transfers In 631,506 17,886 283,287 - 0%(283,287)
Total General Fund Operating Revenues 28,010,076 47,248,375 27,069,060 17,710,907 65%(9,358,153)
Operating Expenditures
Salaries 2,319,254$ 2,642,258$ 4,459,623$ 1,660,665$ 37%(2,798,958)$
Benefits 839,191 1,083,089 1,602,601 537,605 34%(1,064,997)
Staff Development - - 0 - 0%-
Contract Services 12,590,458 12,106,951 14,324,290 2,947,841 21%(11,376,449) Maintenance 145,799 105,619 242,700 62,937 26%(179,763)
Operations 3,202,635 2,644,003 4,117,939 1,384,177 34%(2,733,762)
Capital Outlay 958,270 242,536 126,400 112,960 89%(13,440)
Debt Service 1,314,367 1,128,129 957,500 - 0%(957,500)
Transfers Out 468,699 469,214 710,067 - 0%(710,067) Total General Fund Expenditures 21,838,673 20,421,798 26,541,121 6,706,186 25%(19,834,935)
NET OPERATING REVENUE 6,171,403 26,826,577 527,939 11,004,721
Non-Operating Revenues
Franchise Fees -$ $4,000,000 -$ -$ 0%-$
Miscellaneous GASB 87 - 956,618 - - 0%-
Use of Money and Property - (761,631) - (406,136) 0%(406,136)
Transfers In (ARPA)- - - 0%-
Total General Fund Non-Operating Revenues - $4,194,987 - (406,136) 0%(406,136)
Non-Operating Expenditures
Capital Outlay GASB 87 -$ 956,618$ -$ -$ 0%-$
Debt Service (Tarpon Properties Payoff)- - - 0%-
Transfers Out (Streetlight Payoff)- 2,330 - - 0%-
Transfers Out (CIP)912,540 1,520,000 330,047 - 0%(330,047)
Total General Fund Non-Operating Expenditures 912,540 2,478,948 330,047 - 0%(330,047)
NET NON-OPERATING REVENUE (912,540) 1,716,039 (330,047) (406,136)
% Budget
Used
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 40% Reported
Fiscal Year 2021-22Interim Financial Report | QUARTER TWO ending December 31, 2021 | 6 months
General Fund Operating Summary
Restated
Audited
Actuals
Restated
Unaudited
Actuals
Adjusted
Budget Actuals
Amount
Over(Under)
Budget
Description 2019-20 2020-21 2021-22 12/31/2021 2021-22
% Budget
Used
OTHER PURPOSE GENERAL FUNDS
RESTRICTED STRUCTURAL FIRE FUND
Operating Revenues
Property Taxes (Restricted for Fire Services)6,345,925$ 7,289,292$ 7,298,931$ 2,309,224$ 32%(4,989,707)$
Sales & Use Tax - 0 0 0 0%-
Franchise Fees - 0 0 0 0%-
Other Taxes - 0 0 0 0%-
License, Permits & Fees 190,457 154,718 165,000 30,811 19%(134,189)
Fines, Penalties & Forfeitures 13,906 25,979 13,000 0 0%(13,000)
Intergovernmental - 0 0 0 0%-
Use of Money & Property 132,387 2,927 95,000 (64,700)-68%(159,700)
Miscellaneous - 0 0 0 0%-
Transfers - 167,660 0 0 0%-
Total Fire Fund Revenues 6,682,675 7,640,575 7,571,931 2,275,335 30%(5,296,596)
Operating Expenditures
Salaries -$ 797$ -$ 808$ 0%808$
Benefits - 107 0 0 0%- Staff Development - 0 0 0 0%-
Contract Services 4,121,443 5,463,946 5,942,987 5,040 0%(5,937,947)
Maintenance 22,295 52,275 58,000 19,299 33%(38,701)
Operations 111,064 78,136 278,197 84,072 30%(194,125)
Capital Outlay - 0 85,000 7,400 9%(77,600) Debt Service 481,929 252,432 257,500 0 0%(257,500)
Transfers Out - 0 0 0 0%-
Subtotal General Fund Expenditures 4,736,731 5,847,693 6,621,684 116,618 2%(6,505,066)
NET OPERATING REVENUE 1,945,944 1,792,882 950,247 2,158,717
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 40% Reported
Fiscal Year 2021-22Interim Financial Report | QUARTER TWO ending December 31, 2021 | 6 months
Other Funds Summary
*Data includes transfers Restated
Audited
Actuals
Restated
Unaudited
Actuals
Adjusted
Budget Actuals
Mid-Year
Adjusted
Budget
Description 2019-20 2020-21 2021-22 12/31/2021 2021-22
OTHER FUNDS
Revenues
200 Gas Tax 1,384,225$ 1,437,826$ 1,730,150$ 706,507$ 41%(1,023,643)$
205 SB1 1,189,225 1,228,573 1,299,400 460,087 35%(839,313)
206 Area Drainage Plan (ADP)- (2,060) 8,000 (4,122) -52%(12,122)
210 Measure A 1,547,055 1,834,932 1,507,000 456,900 30%(1,050,100)
211 TDA Fund - - 432,500 - 0%(432,500)
220 AQMD 88,123 91,756 150,865 73,957 49%(76,908)
230 Grants: Law Enforcement Grants - - - - 0%-
240 Grants: Miscellaneous Grants Fund 1,672,558 390,183 2,679,750 (10,815) 0%(2,690,565)
241 Grants: Coronavirus Relief Fund - 788,813 - - 0%-
242 Grants: American Rescue Plan Act Fund - - 3,680,110 3,680,110 100%-
243 Public, Educational, or Governmental Access Fund - 515 500 938 188%438
250 Grants: Community Development Block Grant 275,889 - 165,000 - 0%(165,000)
260 Local Law Enforcement Services 148,781 157,695 120,000 95,161 79%(24,839)
270 TUMF Reimbursement Fund - - - - 0%-
290 Transportation DIF 146,283 115,440 192,500 (2,148) -1%(194,648)
291 Fire DIF 74,699 54,388 76,000 (2,284) -3%(78,284)
292 Public Facilities DIF 131,970 397,553 551,500 709 0%(550,791)
293 Road and Bridge Benefit District 45,299 84,487 80,000 (29,410) -37%(109,410)
300 LLMD 89-1 Zone 10 2,944 3,188 3,820 - 0%(3,820)
301 LLMD 89-1 Zone 33 24,355 (21,661) 2,670 (29) -1%(2,699)
302 LLMD 89-1 Zone 41 171,506 188,123 188,248 (6,690) -4%(194,938)
303 LLMD 89-1 Zone 79 2,588 2,367 2,750 (74) -3%(2,824)
304 LLMD 89-1 Zone 85 8,099 1,091 3,110 (127) -4%(3,237)
305 LLMD 89-1 Zone 111 23,719 25,513 26,070 (643) -2%(26,713)
306 LLMD 89-1 Zone 115 3,383 2,807 3,720 16 0%(3,704)
307 LLMD 89-1 Zone 116 8,004 8,553 8,933 (230) -3%(9,163)
308 LLMD 89-1 Zone 147 1,901 198 1,553 - 0%(1,553)
309 LLMD 89-1 Zone 151 5,904 6,393 7,660 - 0%(7,660)
310 LLMD 89-1 Zone 156 4,433 4,722 5,750 - 0%(5,750)
311 Benefit Assessment District 2014-2 4,676 4,776 12,494 (44) 0%(12,538)
312 LLMD 2014-1 3,448 3,781 19,406 (36) 0%(19,442)
313 LLMD 2014-3 2,958 3,313 8,370 (24) 0%(8,394)
314 LLMD 2014-4 1,828 2,078 6,920 (25) 0%(6,945)
315 Community Facilities District 2019-1 - 9,284 6,000 - 0%(6,000)
400 Community Facilities District 2017-1 50,730 73,612 34,400 (762) -2%(35,162)
401 Community Facilities District 2017-2 - 33,308 17,700 (1) 0%(17,701)
402 Community Facilities District 2020-1 - 72,863 36,100 151 0%(35,949)
500 Debt Service - 468,699 468,700 - 0%(468,700)
600 Capital Projects 5,491,640 1,520,007 541,047 - 0%(541,047)
700 Information Technology - - 388,652 - 0%(388,652)
Total Other Fund Revenues 12,516,223 8,993,118 14,467,348 5,417,071 37%(8,661,625)
Expenditures
200 Gas Tax 3,245,223$ 4,240,697$ 4,034,576$ 291,279$ 7%(3,743,297)$
205 SB1 1,101,096 1,334,718 1,781,474 24,500 1%(1,756,974)
206 Area Drainage Plan (ADP)- 487 300,000 - 0%(300,000)
210 Measure A 2,643,996 604,674 3,951,549 917,705 23%(3,033,844) 211 TDA Fund - - 432,500 - 0%(432,500)
220 AQMD 57,592 25,430 71,722 107,818 150%36,096
230 Law Enforcement Grants - - - - 0%-
240 Grants: Miscellaneous Grants Fund 494,682 375,658 2,721,652 81,754 3%(2,639,898)
241 Grants: Coronavirus Relief Fund - 788,813 - - 0%- 242 Grants: American Rescue Plan Act Fund - - - - 0%-
% Budget
Used
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 40% Reported
Fiscal Year 2021-22Interim Financial Report | QUARTER TWO ending December 31, 2021 | 6 months
Other Funds Summary
*Data includes transfers Restated
Audited
Actuals
Restated
Unaudited
Actuals
Adjusted
Budget Actuals
Mid-Year
Adjusted
Budget
Description 2019-20 2020-21 2021-22 12/31/2021 2021-22
% Budget
Used
243 Public, Educational, or Governmental Access Fund - - - - 0%-
250 Grants: Community Development Block Grant 518,685 - 100,000 - 0%(100,000) 260 Local Law Enforcement Services 106,230 157,746 - - 0%-
270 TUMF Reimbursement Fund - 263,986 2,000,000 161,576 8%(1,838,424)
290 Transportation DIF 4,589 92 3,850 - 0%(3,850)
291 Fire DIF 2,405 - 1,520 - 0%(1,520)
292 Public Facilities DIF 3,020,708 656,148 11,030 - 0%(11,030) 293 Road and Bridge Benefit District - 160,802 240,000 - 0%(240,000)
300 LLMD 89-1 Zone 10 1,759 1,414 1,642 48 3%(1,594)
301 LLMD 89-1 Zone 33 2,722 334 982 13 1%(969)
302 LLMD 89-1 Zone 41 13,616 15,601 158,800 15,302 10%(143,498)
303 LLMD 89-1 Zone 79 1,314 1,430 2,505 1,366 55%(1,139)
304 LLMD 89-1 Zone 85 111 151 2,890 4 0%(2,886)
305 LLMD 89-1 Zone 111 11,039 10,954 23,925 3,886 16%(20,039)
306 LLMD 89-1 Zone 115 8,084 7,143 5,820 4,039 69%(1,781)
307 LLMD 89-1 Zone 116 3,370 3,786 4,220 2,013 48%(2,207)
308 LLMD 89-1 Zone 147 2,706 3,026 2,675 1,260 47%(1,415)
309 LLMD 89-1 Zone 151 13,141 14,884 11,535 2,958 26%(8,577)
310 LLMD 89-1 Zone 156 10,999 8,991 9,530 2,317 24%(7,213)
311 Benefit Assessment District 2014-2 2,938 3,233 12,505 2,327 19%(10,178)
312 LLMD 2014-1 1,981 2,187 19,190 1,390 7%(17,800)
313 LLMD 2014-3 2,150 2,374 7,760 1,563 20%(6,197)
314 LLMD 2014-4 818 909 6,560 368 6%(6,192)
315 Community Facilities District 2019-1 17,223 3,208 2,620 1,807 69%(813)
400 Community Facilities District 2017-1 767 3,282 9,400 1,737 18%(7,663)
401 Community Facilities District 2017-2 767 17,709 8,500 6,266 74%(2,234)
402 Community Facilities District 2020-1 1,534 10,258 6,713 20,846 311%14,133 500 Debt Service - 467,960 468,699 - 0%(468,699)
600 Capital Projects 5,159,176 609,510 2,627,500 170,090 6%(2,457,410)
700 Information Technology - - 263,012 - 0%(263,012)
Total Other Fund Expenditures 16,451,422 9,797,596 19,306,856 1,824,232 9%(17,219,612)
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 40% Reported
Fiscal Year 2021-22Interim Financial Report | QUARTER TWO ending December 31, 2021 | 6 months
Available Resources Summary
Restated Audited
Fund Balance
Restated
Unaudited Fund
Balance
Adjusted Revenue
Budget
Adjusted
Expenditure
Budget
Estimated
Available Balance
Fund Name & Type 2019-20 2020-21 2021-22 2021-22 6/30/2022
GENERAL FUNDS
100 General Fund 36,539,651$ 61,854,162$ 27,069,060$ 26,871,168$ 62,052,054$
TOTAL General Funds 36,539,651 61,854,162 27,069,060 26,871,168 62,052,054
OTHER PURPOSE GENERAL FUNDS
110 Restricted Structural Fire Fund 11,445,158$ 13,238,041$ 7,571,931$ 6,621,684$ 14,188,288$ TOTAL Other Purpose General Funds 11,445,158 13,238,041 7,571,931 6,621,684 14,188,288
SPECIAL REVENUE FUNDS
200 Gas Tax Fund 6,346,814$ 3,543,943$ 1,730,150$ 4,034,576$ 1,239,517$
205 Road Maintenance and Rehabilitation Fund 1,249,341 1,143,195 1,299,400 1,781,474 661,121
206 Area Drainage Plan (ADP)906,050 903,503 8,000 300,000 611,503
210 Measure A Fund 3,120,285 4,350,543 1,507,000 3,951,549 1,905,994
211 TDA Fund - - 432,500 432,500 -
220 Air Quality Management District 427,465 493,791 150,865 71,722 572,934
230 Law Enforcement Grants - - - - -
240 Grants: Miscellaneous Grants Fund 971 (162,796) 2,679,750 2,721,652 (204,698)
241 Grants: Coronavirus Relief Fund - - - - -
242 Grants: American Rescue Plan Act Fund - - 3,680,110 - 3,680,110
243 Public, Educational, or Governmental Access Fund - - - - -
250 Grants: Community Development Block Grant (7) (7) 165,000 100,000 64,993
260 Local Law Enforcement Services 51 - 120,000 - 120,000
270 TUMF Reimbursement Find (58) (281,100) - 2,000,000 (2,281,100)
290 DIF Transportation Facilities Fund 443,538 310,602 192,500 3,850 499,252
291 DIF Fire Facilities Fund 446,130 500,518 76,000 1,520 574,998
292 DIF Public Facilities Fund 755,431 496,836 551,500 11,030 1,037,306
293 Road and Bridge Benefit District 6,521,727 6,445,412 80,000 240,000 6,285,412
300 LLMD 89-1 Zone 10 (9,154) (7,381) 3,820 1,642 (5,203)
301 LLMD 89-1 Zone 33 28,459 6,464 2,670 982 8,152
302 LLMD 89-1 Zone 41 1,527,671 1,701,381 188,248 158,800 1,730,829
303 LLMD 89-1 Zone 79 15,629 16,580 2,750 2,505 16,825
304 LLMD 89-1 Zone 85 27,806 28,766 3,110 2,890 28,986
305 LLMD 89-1 Zone 111 147,718 162,397 26,070 23,925 164,542
306 LLMD 89-1 Zone 115 (14,759) (19,095) 3,720 5,820 (21,195)
307 LLMD 89-1 Zone 116 54,933 59,745 8,933 4,220 64,458
308 LLMD 89-1 Zone 147 (2,253) (3,448) 1,553 2,675 (4,570)
309 LLMD 89-1 Zone 151 (34,509) (43,000) 7,660 11,535 (46,875)
310 LLMD 89-1 Zone 156 (13,199) (17,467) 5,750 9,530 (21,247)
311 Benefit Assessment District 2014-2 7,184 8,727 12,494 12,505 8,716
312 LLMD 2014-1 5,981 7,576 19,406 19,190 7,792
313 LLMD 2014-3 3,810 4,748 8,370 7,760 5,358
314 LLMD 2014-4 4,559 5,729 6,920 6,560 6,089
315 Community Facilities District 2019-1 (13,051) (6,975) 6,000 2,620 (3,595)
400 Community Facilities District 2017-1 118,478 188,809 34,400 9,400 213,809
401 Community Facilities District 2017-2 14,923 30,523 17,700 8,500 39,723
402 Community Facilities District 2020-1 - 62,605 36,100 6,713 91,992
TOTAL Special Revenue Funds 22,087,963 19,931,122 13,068,449 15,947,645 17,051,925
DEBT SERVICE FUND
500 General Debt Service Fund -$ 739$ 468,700$ 468,699$ 739$ TOTAL Debt Service Fund - 739 468,700 468,699 739
DEBT SERVICE FUND
600 General Capital Projects Fund 876,485$ 1,786,981$ 541,047$ 2,627,500$ (299,472)$
TOTAL Capital Projects Fund 876,485 1,786,981 541,047 2,627,500 (299,472)
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 40% Reported
Fiscal Year 2021-22Interim Financial Report | QUARTER TWO ending December 31, 2021 | 6 months
Available Resources Summary
Restated Audited
Fund Balance
Restated
Unaudited Fund
Balance
Adjusted Revenue
Budget
Adjusted
Expenditure
Budget
Estimated
Available Balance
Fund Name & Type 2019-20 2020-21 2021-22 2021-22 6/30/2022
INTERNAL SERVICE FUNDS
700 Information Technology Reserve Fund -$ - 388,652$ 263,012$ 125,640$
TOTAL Internal Service Funds - - 388,652 263,012 125,640
TOTAL 70,949,256$ 96,811,044$ 49,107,839$ 52,799,708$ 93,119,174$
GENERAL FUND - FUND BALANCE RESERVES AND COMMITMENTS
Total General Fund Estimated Fund Balance at 06/30/2022 62,052,054$
Assigned:
Emergency Contingency (50% of Adopted Appropriations)13,435,584
Total Assigned Reserves 13,435,584
Committed:
Civic Center & Library Construction 14,405,500
Police Substation 4,000,000
Hamner Place Land Acquisition Final Payment 1,840,000
Pension Liability (CalPERS Reserve)1,620,500
Public Safety Rate Increase Stabilization 1,000,000
22,866,000
Total General Funds Estimated Unassigned Fund Balance at 06/30/2022 25,750,470$
RESTRICTED STRUCTURAL FIRE FUND - FUND BALANCE RESERVES AND COMMITMENTS
Total Fire Funds Estimated Fund Balance at 06/30/2022 14,188,288$
Assigned:Emergency Contingency (75% of Adopted Appropriations)4,966,263
Total Assigned Reserves 4,966,263
Committed:
Facility Construction: Third Fire Station 8,000,000
Equipment Purchase: Apparatus Replacement Reserve 200,000
8,200,000
Total Fire Funds Estimated Unassigned Fund Balance at 06/30/2022 1,022,025$
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 40% Reported
Fiscal Year 2021-22Interim Financial Report | QUARTER TWO ending December 31, 2021 | 6 months
Sales Tax Summary
Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2021-22
Quarter 2017-18 2018-19 2019-20**2020-21 2021-22 Budget
Quarter 1 2,172,737 2,454,597 2,986,937 2,873,677 10,585,286 11,700,000
Quarter 2 #2,270,942 2,693,017 2,807,803 3,144,645 6,654,322
Quarter 3 1,848,685 2,129,355 2,272,291 10,892,874 - Quarterly
Quarter 4 2,005,467 2,332,606 2,281,948 11,208,862 - Budget:
TOTAL Sales Tax 8,297,831 9,609,575 10,348,979 28,120,058 17,239,608 2,925,000
NOTE: 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.
# The true up for Quarter 2 ending December 31, 2021 has not been received as of the publish date of this report. It is likely
that the true up payment will be received sometime in the 2021-22 fiscal year.
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 40% Reported
Fiscal Year 2021-22Interim Financial Report | QUARTER TWO ending December 31, 2021 | 6 months
Appropriations Limit Summary
Pre Voter
Approved
Override
Voter Approved
Override
Post Voter
Approved
Override
2017-18 2018-19 2019-20 2020-21 2020-21 2021-22
ADOPTED APPROPRIATIONS LIMIT
Adopted Appropriations Limit 21,455,814$ 23,077,364$ 24,418,797$ 25,794,921$ 33,000,000$ 35,473,578$
Subject Revenue Appropriations
General Fund 10,045,447 15,809,535 17,472,985 17,952,129 41,516,698 54,973,760
Fire Fund 5,055,030 5,346,150 6,285,042 6,406,287 6,406,287 7,298,931
Total Subject Revenue Appropriations 15,100,477 21,155,685 23,758,027 24,358,416 47,922,985 62,272,691
Over(Under) Limit (6,355,337)(1,921,679)(660,770)(1,436,505)14,922,985 26,799,113
Annual Available for Capital Outlay 14,922,985 26,799,113
Cumulative Available for Capital Outlay 41,722,098
Cumulative Available for Capital Outlay Expenditures and Reserves 41,722,098
FY2021-22 Proposed Mid-Year Reserve Commitments
General Fund: Facility Construction Library - Appropriations Limit 10,595,000
General Fund: Facility Construction City Hall - Appropriations Limit 18,399,529
General Fund: Limonite Gap Bridge - Appropriations Limit 2,500,000
General Fund: Equipment, Fire Truck Purchase - Appropriations Limit 1,500,000
General Fund: Facility, Fire Station 27 Storage Facility - Appropriations Limit 2,000,000
Subtotal Capital Outlay Reserve Commitments 34,994,529
FY2021-22 Proposed Mid-Year Capital Outlay Expenditures
Streetlight Debt Pay-Off - Appropriations Limit 4,168,519
Goodman Commerce Sales Tax Abatement Pay-Off - Appropriations Limit 2,559,050
Subtotal Capital Outlay Expenditure Budget 6,727,569
Remaining Appropriations Limit Surplus 0
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov