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FISCAL YEAR 2021-22, QUARTER 3 ENDING MARCH 31, 2022E A S T V A L E CALIFORNIA CITY OF INTERIM F IN ANCIAL REPO RT Q UAR TE R THREE | 9 MON THS FISCAL YEAR 2021 - 2022 Executive Summary City of Eastvale UNAUDITED Fiscal Year 2021-22 Interim Financial Report | QUARTER THREE ending March 31, 2022 | 9 months, 65% Reported City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 1 REPORT OVERVIEW 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 informa�on related to the fiscal year 2021-22 budget and actual ac�vity for revenues and expenditures for the 6-month period ending March 31, 2022. The figures contained in this report are unaudited. The informa�on in this report does not include Mid-Year adjustments, which was adopted by the Council a�er the close of the period ending March 31, 2022. QUARTER 3 HIGHLIGHTS: Key changes impacting the city during the third quarter of fiscal year 2021-22 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. Addi�onally, 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 budge�ng 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 con�nues to monitor revenues closely, par�cularly sales tax. A true- up payment applicable to quarter 2 ending December 31, 2020, of the prior fiscal year, has not yet been received. HdL originally believed the true up would likely be received in the current fiscal year, however it seems highly likely that the true up will be received a�er June 30, 2022. The true-up was budgeted at $8.0 million. As a result, it is projected that sales tax receipts will total less than the budgeted figure of $52.0 million. In order to monitor actual sales tax receipts relevant to the quarter a new summary report was created and is atached to the execu�ve summary �tled “Sales Tax Quarterly Summary.” Appropria�ons Limit: A summary report, “Appropria�ons Limit Summary,” is included in this report. The city exceeded the state mandated Appropria�ons Limit for fiscal year 2020-21 and 2021-22. The summary report details the city’s limit and revenues subject to appropria�ons in addi�on to providing trend data for the last three fiscal years. The city will con�nue to address the appropria�ons limit implica�ons during the mid-year and budget processes. American Rescue Plan Act Funds: The city received approximately $7.36 million in American Rescue Plan Act (ARPA) State and Local Fiscal Recovery Funds (SLFRF). These funds will be like the CARES CRF funds and will be subject to a federal single audit. Addi�onally, funds must be expensed by December 31, 2024. Final guidance and alloca�on informa�on was released by the Federal Department of Treasury in January 2022. The final guidance provided a $10.0 million standard deduc�on that all municipali�es may use towards revenue loss during the pandemic. City Council iden�fied approximately $4.1 million of SLFRF funds to use towards law enforcement contract costs during the mid- year process. Staff recommends u�lizing the full $10.0 million standard deduc�on for revenue loss in order to u�lize the city’s full $7.36 million alloca�on towards law enforcement contract costs. This interim report includes appropria�ng the transfer-out budget in the ARPA fund and the transfer-in budget in the General Fund to reflect the reimbursement for law enforcement contract costs. The budget surplus due to the reimbursement in the General Fund may be expensed or commited at the Council’s discre�on. The budget appropria�on will be included in the next quarterly report data due to the �ming of Council approval. This report does not include projections and only focuses on the City’s performance in comparison to budgeted estimates. Attached Detail Reports General Fund Summary by Category General Fund Summary by Department General Fund Opera�ng Summary City-Wide Fund Balances Sales Tax Quarterly Summary Other Funds Revenue and Expenditure Summary Assigned Reserve, Con�ngency Calcula�on Appropria�ons Limit Summary Executive Summary City of Eastvale UNAUDITED Fiscal Year 2021-22 Interim Financial Report | QUARTER THREE ending March 31, 2022 | 9 months, 65% Reported City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 2 Accounting Methods The figures presented in this execu�ve summary and the atached reports reflect general ledger balances as of March 31, 2022. Approximately 65% of the year has been reported. The city u�lizes an accrual basis of accoun�ng for all governmental funds, as required by the Generally Accepted Accoun�ng 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 transac�on to the period in which revenue was earned or the expenditure occurred. The figures in this report represent the audited figures for June 30, 2021 and the Finance Department’s best es�mate of revenues and expenditures for March 31, 2022, as of the published date of this report. GENERAL FUND OBSERVATIONS 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 discre�on 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 addi�on to actual revenues and expenditures. The percentage reflects the percentage of budget u�lized. Balanced Budge�ng – Per the city’s adopted Budget Policy, the total appropria�ons shall not exceed the total of es�mated revenues. In the adopted fiscal year 2021-22 budget, total General Fund expenditure appropria�ons did not exceed revenues and the budget surplus totaled $801,892. Since the budget was adopted several expenditure and revenue budget appropria�ons have been approved by Council; these appropria�ons increased the budget surplus to $36.0 million as of the publish date of this report. Details of the city’s opera�ng statement can be found in the Atachment General Fund Opera�ng Summary. It should be noted that the Fire Fund also consists of 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. GENERAL FUND REVENUES 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 es�mated advance installments monthly and issues the city a quarterly true-up a�er 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 por�on of property tax revenues have not yet been received for the fiscal year. Franchise fees are received quarterly. General Fund Overview 9-Months Ended March 31, 2022 General Fund Overview Adjusted Budget Actual Ac�vity % Revenues 72,188,910 35,600,610 49% Expenditures 36,133,217 14,762,047 41% Surplus (Deficit) 36,055,693 20,838,563 0 10 20 30 40 50 60 70 80 2019-20 Actuals 2020-21 Actuals 2021-22 Budget 2021-22 ActualsTo-DateMillionsYear-by-Year Revenue and Expenditures Revenue Expenditure Executive Summary City of Eastvale UNAUDITED Fiscal Year 2021-22 Interim Financial Report | QUARTER THREE ending March 31, 2022 | 9 months, 65% Reported City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 3 Overall revenues only stand at 42% due solely to the missing $8.0 million sales tax true up payment for fiscal year 2020. It is possible that this revenue will not be received un�l the following fiscal year, however the �ming will not be known un�l the fiscal year is closed in late August 2022. Overall, General Fund revenues are at $35,600,610 or 49% of budget. Detail of Specific Revenue Categories Sales Tax – Sales tax revenues are highly indica�ve of economic circumstances. The city u�lizes HdL Companies for sales tax analysis. HdL provided sales tax projec�ons that addressed the impacts of the COVID- 19 pandemic and the state’s stay-at-home order and they recently released revised budget projec�ons for the current fiscal year over the summer. As of the mid- year budget review, budget currently stands at $52.0 million, an increase over the original $11.7 million. This is a projected 444% increase over the adopted sales tax budget, due to a local business’s change in their business model. Currently, actuals are at 51% of budget, lower than the expected 75%. This is primarily due to an outstanding $8.0 million true up due for the 2020 fiscal year. The true-up may not be received un�l the following fiscal year. Property Tax – Property tax revenues are based solely on the valua�on 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 $2,100,679 or 61% of budget. Franchise Fees – This category is comprised of regular recurring revenues from solid waste collec�on, cable u�li�es, electric u�li�es, and natural gas u�li�es. Franchise fees are on target at 65% of budget. Licenses, Fees, and Permits – This category is comprised of construc�on, fire, planning, and building permits and fees, and rental registra�on. Overall, this category is at $1,684,108 or 59% 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%. Building and planning developer fees are down significantly compared to the first three quarters of the prior fiscal year; budget is only at 42% and 38% respec�vely. Building fixed fees are at 93% of budget and expected to exceed budget projec�ons. Legal and engineering development fees are slightly above budget at 87% and 79%; encroachment development fees are on target at 60%. Passport services also exceeds budget projec�ons at 80%; passport service demand increased significantly during the pandemic and has con�nued at or above the same level. Intergovernmental – This category is populated by the Vehicle License in Lieu fees (VLF). VLF revenues are typically received in the last six months of the fiscal year, 50% within quarter three and the final 50% in quarter 4. As a result, actuals stand at $3,158,707 or 52% of budget. This category is on track to exceed budget es�mates. Use of Money and Property – This category is populated investment income. Budget was es�mated at $500,000 and actuals are at ($57,916). This is due to a Government Accoun�ng Standards Board (GASB) required accoun�ng entry from the prior year that recognizes the difference in the book and market value of investments, known as unrealized gain or Executive Summary City of Eastvale UNAUDITED Fiscal Year 2021-22 Interim Financial Report | QUARTER THREE ending March 31, 2022 | 9 months, 65% Reported City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 4 loss. Net of unrealized gain, total investment earnings for the first half of the fiscal year stand at $348,220, or 70% of budget. Transfers In – This category has not been processed yet and stands at 0% of budget; however, we are set to process the full budget amount of $4.4 million in transfers-in to the General Fund. Overall, General Fund revenues are at $35,600,610 or 49% of budget. ADDITIONAL INFORMATION ABOUT MAJOR REVENUE SOURCES Detail Information on General Fund Sales and Property Tax Revenue Categories 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 Transporta�on 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 Transporta�on Fund ($0.03). For more informa�on on what agencies receive sales tax revenue go to: www.cd�a.ca.gov/taxes-and-fees/sut-rates-descrip�on.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 educa�on to the Corona Norco Unified School district, Riverside Community College, and Riverside County Office of Educa�on. Riverside County receives $0.29. The remaining $0.04 goes to several special districts and flood control administra�on. 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 ligh�ng maintenance districts and community facility districts. For more informa�on about special financing districts in Eastvale go to: www.eastvaleca.gov/government/ finance- department/special-financing-districts GENERAL FUND EXPENDITURES 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 $14,762,047 or 41% of budget. $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 Transporta�on For every $1 of paid sales tax, only 13 cents come back to the city. The remainder is spread among State and County agencies. Executive Summary City of Eastvale UNAUDITED Fiscal Year 2021-22 Interim Financial Report | QUARTER THREE ending March 31, 2022 | 9 months, 65% Reported City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 5 Detail of Specific Expenditure Categories Contract Services – This category is the largest category and includes law enforcement and contracted services for building and safety, planning, and public works. Currently, actual expenditures for the total contract category are $6,157,918 or 41% of budget; total budget for this category is $15.1 million. Actuals in this category are low due to s�ll outstanding invoices for building, public works, and law enforcement contract services. The largest expenditure within this category is the Law Enforcement contract with Riverside County Sheriff; budget for law enforcement totals $12.3 million. This category is expected to have significant savings this fiscal year, as the city will be u�lizing the full alloca�on of its APRA SLFRF appor�onment to reimburse for the General Fund for law enforcement contract costs totaling $7.36 million. This contribu�on will be one-�me in nature as the city does not expect to con�nue to be able to offset contract costs into the future. Other major contracts in this category are animal control, crossing guards, and legal services. Personnel – The personnel category contains the salary and benefit costs for city employees. This category generated actual expenditures at 55% of budget. Staff expects to see addi�onal savings in this category due to new posi�ons remaining vacant during recruitment during the fiscal year, including three building inspector posi�ons that remained vacant for the en�re fiscal year. The savings in building personnel will need to be u�lized to offset the contract services overage in building due to the need to contract for inspec�on services while the posi�ons remained vacant. Opera�ons – Opera�ons is a broad category including supplies, adver�sing, u�li�es, postage and shipping, and janitorial. Actual expenditures in this category are at $2,109,664 or 48% of budget. Capital Outlay – Capital outlay consists of office equipment, computer hardware, so�ware, furniture, and fixtures. This category is at $206,818 or 79% of budget due to annual so�ware 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 Sta�on on the north end of town and revenue neutrality owed to Riverside County. The City Council approved the full payoff of the agreement during the mid-year budget review; the payoff totaled $2.6 million to Goodman for traffic infrastructure (streets, storm drains, streetlights, signing and striping, and signals) completed by the developer. The city paid off the agreement during the third quarter. Revenue neutrality is another expenditure located in this category. It is based on es�mated tax revenue losses experienced by Riverside County as a result of the city’s incorpora�on, the obliga�on is paid to Riverside County through both the General Fund and the Fire Fund. The debt service category is at 91% of budget, as the revenue neutrality is not paid un�l the end of the fiscal year. Overall, the General Fund is at $14,762,047 or 41% of expenditure budget. GENERAL FUND NET REVENUE 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. Contract Services 42% Transfers Out19% Personnel18% Operations 12% Debt Service 8% Maintenance 1% Capital Outlay1% Expenditure Budget Breakdown Executive Summary City of Eastvale UNAUDITED Fiscal Year 2021-22 Interim Financial Report | QUARTER THREE ending March 31, 2022 | 9 months, 65% Reported City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 6 FIRE FUND OBSERVATIONS 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. Property tax, like the General Fund is primarily received in the second half of the fiscal year. Property tax is currently at 60% of budget as these revenues are typically received in the last seven months of the fiscal year. Licenses, permits, and fees are at 37% of budget, primarily due to a decrease in fire plan check permits. Use of money and property is populated by investment income. Budget was es�mated at $95,000 and actuals are at ($64,700). This is due to a GASB required accoun�ng 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 57% of budget. Expenditures – Contract services for Riverside County Fire stand at $1,447,127 or 23% of budget. As of March 31st, CAL Fire had only delivered the first quarter invoice for services. Maintenance and opera�ons actuals are at 62% and 38% respec�vely. Maintenance and opera�ons include building maintenance, vehicle maintenance and fuel, and u�li�es. Overall, the Fire Fund is at $1,595,596 or 23% of expenditure budget; this is mainly due to only three months of fire services having been paid as of the March 31st. Net Revenue – The Fire Fund is projected to complete the fiscal year with $679,447 in net revenue, also called a budget surplus, for the fiscal year 2021-22. OTHER FUND OBSERVATIONS The city’s other funds consist of special revenue funds and two funds solely consis�ng of General Fund contribu�ons, 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. SPECIAL REVENUE FUNDS Gas Tax – Fuel sales have increased in the city and statewide compared to the prior year, fuel taxes con�nue to be received at almost the same level compared to the prior fiscal year, revenue actuals are $1,071,240 or 62% of budget. Gas taxes are collected and allocated to local governments from the State of California pursuant to sec�on 2103 of California Streets and Highways code. Appor�onments are based on the city’s popula�on, vehicle registra�ons, and maintained street miles. Fire Fund Overview 9-Months Ended March 31, 2022 General Fund Overview Adjusted Budget Actual Ac�vity % Revenues 7,571,931 4,340,673 57% Expenditures 6,892,484 1,595,596 23% Surplus (Deficit) 679,447 2,745,077 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 Executive Summary City of Eastvale UNAUDITED Fiscal Year 2021-22 Interim Financial Report | QUARTER THREE ending March 31, 2022 | 9 months, 65% Reported City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 7 Expenditures in this fund are restricted for use towards streets or roads. Expenditures in this fund are at 16% of budget for a total of $574,418. Capital improvement projects are u�lizing built up fund balance (savings) in this fund to cover project costs that exceed current year revenues. A Note Regarding Government Accounting and Budgeting Most government funds and budgets are managed using a method called “modified accrual” accoun�ng. Modified accrual means that governmental funds are managed on a cash basis throughout the year. At year-end accruals are processed to ensure revenues and expenditures are recorded in the appropriate fiscal year in which the transac�ons actually occurred. This method applies to all the city’s funds (General Fund and Special Revenue funds). As an illustra�on, revenue is recorded as it is received throughout the fiscal year (cash basis). The majority of General Fund revenues are received sporadically throughout the year, and most is received or accrued in the final nine months of the fiscal year. Meanwhile, expenditures con�nue each month, regardless of whether revenues have been received. This circumstance highlights the importance of maintaining an adequate opera�ng reserve that allows for cash flow needs throughout the fiscal year, especially during months in which some revenues categories are not received. CITY OF EASTVALE UNAUDITED: 65% Reported Fiscal Year 2021-22Interim Financial Report | QUARTER THREE ending March 31, 2022 | 9 months General Fund Summary by Category Restated Audited Actuals Restated Unaudited Actuals Adjusted Budget Actuals Amount Over(Under) Budget Description 2019-20 2020-21 2021-22 3/31/2022 2021-22 GENERAL FUND Revenues Property Taxes 3,060,578$ 3,526,028$ 3,445,652$ 2,100,679$ 61%(1,344,973)$ Sales & Use Tax 9,609,575 28,120,058 52,000,000 26,656,666 51%(25,343,334) Franchise Fees 1,544,629 5,937,579 1,647,000 1,077,241 65%(569,759) Property Transfer Tax - 0 0 0 0%- License, Permits & Fees 3,314,589 2,885,193 2,840,010 1,684,108 59%(1,155,902) Fines, Penalties & Forfeitures 840,981 583,856 490,000 268,474 55%(221,526) Intergovernmental 6,097,008 5,804,854 6,099,611 3,158,707 52%(2,940,904) Use of Money & Property 404,957 1,102,678 500,000 (57,916)-12%(557,916) Miscellaneous 86,322 237,295 716,500 712,651 99%(3,849) Transfers In 22,109 17,886 4,450,137 0 0%(4,450,137) Total General Fund Revenues 24,980,747 48,215,427 72,188,910 35,600,610 49%(36,588,300) Expenditures Salaries 1,602,094$ 2,642,258$ 4,882,410$ 2,748,039$ 56%(2,134,371)$ Benefits 619,372 1,081,972 1,611,200 864,027 54%(747,173) Contract Services 11,313,967 12,106,951 15,160,659 6,157,918 41%(9,002,741) Maintenance 76,022 105,619 256,646 116,456 45%(140,190) Operations 3,640,764 2,644,003 4,394,689 2,109,664 48%(2,285,025) Capital Outlay 3,848,709 242,536 260,394 206,818 79%(53,576) Debt Service - 1,128,129 2,816,550 2,559,045 91%(257,505) Transfers Out 1,000,000 1,989,214 6,750,668 81 0%(6,750,587) Total General Fund Expenditures 22,100,929 21,940,681 36,133,217 14,762,047 41%(21,371,169) NET REVENUE 2,879,818 26,274,745 36,055,693 20,838,563 (15,217,131) OTHER PURPOSE GENERAL FUNDS RESTRICTED STRUCTURAL FIRE FUND Revenues Property Taxes (Restricted for Fire Services)6,345,925$ 7,289,292$ 7,298,931$ 4,345,140$ 60%(2,953,791)$ 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 60,232 37%(104,768) 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 4,340,673 57%(3,231,258) Expenditures Salaries -$ 797$ -$ 808$ 0 808$ Benefits - 107 0 0 0 - Contract Services 4,121,443 5,463,946 6,213,787 1,447,127 23%(4,766,660) Maintenance 22,295 52,275 52,364 32,225 62%(20,138) Operations 111,064 78,136 283,834 108,036 38%(175,798) 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 - % Budget Used City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov CITY OF EASTVALE UNAUDITED: 65% Reported Fiscal Year 2021-22Interim Financial Report | QUARTER THREE ending March 31, 2022 | 9 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 3/31/2022 2021-22 % Budget Used Total General Fund Expenditures 4,736,731 5,847,693 6,892,484 1,595,596 23%(5,296,888) NET REVENUE 1,945,944 1,792,882 679,447 2,745,077 2,065,630 City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov CITY OF EASTVALE UNAUDITED: 65% Reported Fiscal Year 2021-22Interim Financial Report | QUARTER THREE ending March 31, 2022 | 9 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 3/31/2022 2021-22 GENERAL FUND Revenues General Services Non Departmental 20,123,803$ 44,774,936$ 68,257,900$ 33,350,825$ 49%(34,907,075)$ City Clerk 20,532 42,702 41,000 33,464 82%(7,536) City Manager 3,000 6,056 6,000 200 3%(5,800) Finance 131,845 160,501 176,650 75,415 43%(101,235) General Government - - - - 0%- Subtotal General Services 20,279,180 44,984,194 68,481,550 33,459,903 49%(35,021,647) Community Development Community Development 1,422,969$ 442,340$ 2,139,360$ 1,196,398$ 56%(942,962)$ Subtotal Community Development 1,422,969 442,340 2,139,360 1,196,398 56%(942,962) Community Safety Community Safety 2,303,231$ 2,154,008$ 1,003,500$ 631,548$ 63%(371,952)$ Subtotal Community Safety 2,303,231 2,154,008 1,003,500 631,548 63%(371,952) Public Safety Public Safety 975,367$ 634,885$ 564,500$ 312,760$ 55%(251,740)$ Subtotal Public Safety 975,367 634,885 564,500 312,760 55%(251,740) Total General Fund Revenues 24,980,747 48,215,427 72,188,910 35,600,610 49%(36,588,300) Expenditures General Services 100 City Council 290,786$ 133,393$ 215,695$ 159,724$ 74%(55,971)$ 110 City Attorney 328,893 299,975 390,000 167,475 43%(222,525) 120 City Clerk 405,178 420,701 532,926 268,944 50%(263,981) 200 City Manager 1,024,849 613,963 719,406 453,994 63%(265,412) 210 Finance 707,733 708,666 1,146,785 710,247 62%(436,538) 220 Talent Attraction and Development 291,895 485,963 640,266 436,831 68%(203,435) 230 Risk Management 78,667 164,653 439,460 249,432 57%(190,028) 240 Information Technology 403,439 411,918 281,012 183,008 65%(98,004) 260 Communications 5,051 253,125 351,246 438,773 125%87,527 290 General Government 4,526,798 3,533,020 10,274,472 3,049,125 30%(7,225,346) 295 Building Maintenance 752,448 357,011 572,937 301,451 53%(271,486) 720 Events - 0 664,359 125,044 19%(539,315) Subtotal General Services 8,815,735 7,382,389 16,228,564 6,544,049 40%(9,684,515) Community Development 301 Administration 6,619$ 562,236$ 1,322,778$ 718,831$ 54%(603,948)$ 300 Planning 1,212,827 541,489 812,907 369,386 45%(443,521) 320 Engineering 125,097 504,724 1,832,019 830,956 45%(1,001,064) 500 Public Works 247,268 415,523 736,293 260,404 35%(475,889) Subtotal Community Development 1,591,811 2,023,972 4,703,997 2,179,576 46%(2,524,421) Community Safety 311 Administration -$ -$ 282,686$ 1,206$ 0%(281,480)$ 310 Building Safety 2,237,505 2,122,378 1,244,509 677,506 54%(567,004) 330 Community Enhancement & Safety 726,192 663,285 983,621 530,525 54%(453,097) Subtotal Community Safety 2,963,697 2,785,663 2,510,817 1,209,236 48%(1,301,581) % Budget Used City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov CITY OF EASTVALE UNAUDITED: 65% Reported Fiscal Year 2021-22Interim Financial Report | QUARTER THREE ending March 31, 2022 | 9 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 3/31/2022 2021-22 % Budget Used Public Safety 400 Law Enforcement 8,424,368$ 9,557,446$ 12,302,638$ 4,643,945$ 38%(7,658,693)$ 430 Animal Control 229,552 167,648 290,000 131,133 45%(158,867) 440 Crossing Guards 75,765 23,563 97,200 54,107 56%(43,093) Subtotal Public Safety 8,729,686 9,748,658 12,689,838 4,829,186 38%(7,860,652) Total General Fund Expenditures 22,100,929 21,940,681 36,133,217 14,762,047 41%(21,371,169) TOTAL NET REVENUE 2,879,818 26,274,745 36,055,693 20,838,563 (15,217,131) OTHER PURPOSE GENERAL FUNDS RESTRICTED STRUCTURAL FIRE FUND Revenues Property Taxes (Restricted for Fire Serv 6,345,925$ 7,289,292$ 7,298,931$ 4,345,140$ 60%(2,953,791)$ Sales & Use Tax - - - - 0 - Franchise Fees - - - - 0 - Other Taxes - - - - 0 - License, Permits & Fees 190,457 154,718 165,000 60,232 37%(104,768) 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 4,340,673 57%(3,231,258) Expenditures Public Safety 290 General Government 481,929$ 253,044$ 257,500$ -$ 0%(257,500)$ 295 Building Maintenance - 15,032 196,747 135,188 69%(61,559) 320 Engineering - 256 0 808 0%808 420 Fire Services 4,254,802 5,579,360 6,438,238 1,459,601 23%(4,978,637) Total Fire Fund Expenditures 4,736,731 5,847,693 6,892,484 1,595,596 23%(5,296,888) TOTAL FIRE FUND NET REVENUE 1,945,944 1,792,882 679,447 2,745,077 2,065,630 City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov CITY OF EASTVALE UNAUDITED: 65% Reported Fiscal Year 2021-22Interim Financial Report | QUARTER THREE ending March 31, 2022 | 9 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 3/31/2022 2021-22 GENERAL FUND Operating Revenues Property Taxes 3,189,147$ 3,526,028$ 3,445,652$ 2,100,679$ 61%(1,344,973)$ Sales & Use Tax 10,348,979 28,120,058 11,700,000 26,656,666 228%14,956,666 Franchise Fees 1,644,840 5,937,579 1,647,000 1,077,241 65%(569,759) Property Transfer Tax - - 0 - 0%- License, Permits & Fees 3,181,576 2,885,193 2,840,010 1,684,108 59%(1,155,902) Fines, Penalties & Forfeitures 647,721 583,856 490,000 268,474 55%(221,526) Intergovernmental 6,301,448 5,804,854 6,099,611 3,158,707 52%(2,940,904) Use of Money & Property 1,576,335 1,102,678 500,000 (57,916) -12%(557,916) Miscellaneous 488,523 237,295 716,500 712,651 99%(3,849) Transfers In 631,506 17,886 283,287 - 0%(283,287) Total General Fund Operating Revenues 28,010,076 48,215,427 27,722,060 35,600,610 128%7,878,550 Operating Expenditures Salaries 2,319,254$ 2,642,258$ 4,882,410$ 2,748,039$ 56%(2,134,371)$ Benefits 839,191 1,081,972 1,611,200 864,027 54%(747,173) Staff Development - - 0 - 0%- Contract Services 12,590,458 12,106,951 15,160,659 6,157,918 41%(9,002,741) Maintenance 145,799 105,619 256,646 116,456 45%(140,190) Operations 3,202,635 2,644,003 4,394,689 2,109,664 48%(2,285,025) Capital Outlay 958,270 242,536 260,394 206,818 79%(53,576) Debt Service 1,314,367 1,128,129 957,500 2,559,045 267%1,601,545 Transfers Out 468,699 469,214 602,564 81 0%(602,483) Total General Fund Expenditures 21,838,673 20,420,681 28,126,063 14,762,047 52%(13,364,015) NET OPERATING REVENUE 6,171,403 27,794,745 (404,003) 20,838,563 Non-Operating Revenues Franchise Fees -$ $4,000,000 40,300,000$ -$ 0%(40,300,000)$ Miscellaneous GASB 87 - 956,618 - - 0%- Use of Money and Property - (761,631) - (406,136) 0%(406,136) Transfers In (ARPA)- - 4,166,850 - 0%(4,166,850) Total General Fund Non-Operating Revenues - $4,194,987 44,466,850 (406,136) -1%(44,872,986) Non-Operating Expenditures Capital Outlay GASB 87 -$ 956,618$ -$ -$ 0%-$ Debt Service (Tarpon Properties Payoff)- - 1,859,050 0%(1,859,050) Transfers Out (Streetlight Payoff)- 2,330 4,197,585 - 0%(4,197,585) Transfers Out (CIP)912,540 1,520,000 1,950,519 - 0%(1,950,519) Total General Fund Non-Operating Expenditures 912,540 2,478,948 8,007,154 - 0%(8,007,154) NET NON-OPERATING REVENUE (912,540) 1,716,039 36,459,696 (406,136) % Budget Used City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov CITY OF EASTVALE UNAUDITED: 65% Reported Fiscal Year 2021-22Interim Financial Report | QUARTER THREE ending March 31, 2022 | 9 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 3/31/2022 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$ 4,345,140$ 60%(2,953,791)$ 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 60,232 37%(104,768) 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 4,340,673 57%(3,231,258) 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 6,213,787 1,447,127 23%(4,766,660) Maintenance 22,295 52,275 52,364 32,225 62%(20,138) Operations 111,064 78,136 283,834 108,036 38%(175,798) 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 6,892,484 1,595,596 23%(5,296,888) NET OPERATING REVENUE 1,945,944 1,792,882 679,447 2,745,077 City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov CITY OF EASTVALE UNAUDITED: 65% Reported Fiscal Year 2021-22Interim Financial Report | QUARTER THREE ending March 31, 2022 | 9 months Other Funds Summary *Data includes transfers Restated Audited Actuals Restated Unaudited Actuals Adjusted Budget Actuals Difference, Budget Versus Actuals Description 2019-20 2020-21 2021-22 3/31/2022 2021-22 OTHER FUNDS Revenues 200 Gas Tax 1,384,225$ 1,437,826$ 1,730,150$ 1,071,240$ 62%(658,910)$ 205 SB1 1,189,225 1,228,573 1,299,400 781,149 60%(518,251) 206 Area Drainage Plan (ADP)- (2,060) 8,000 (4,122) -52%(12,122) 210 Measure A 1,547,055 1,834,932 1,507,000 740,552 49%(766,448) 211 TDA Fund - - 432,500 - 0%(432,500) 220 AQMD 88,123 91,756 150,865 94,423 63%(56,443) 230 Grants: Law Enforcement Grants - - - - 0%- 240 Grants: Miscellaneous Grants Fund 1,672,558 390,183 2,679,750 194,612 7%(2,485,138) 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 1,369 274%869 250 Grants: Community Development Block Grant 275,889 - 165,000 - 0%(165,000) 260 Local Law Enforcement Services 148,781 157,695 120,000 111,828 93%(8,172) 270 TUMF Reimbursement Fund - - - - 0%- 290 Transportation DIF 146,283 115,440 192,500 118,079 61%(74,421) 291 Fire DIF 74,699 54,388 76,000 44,509 59%(31,491) 292 Public Facilities DIF 131,970 397,553 551,500 53,992 10%(497,508) 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 1,910 50%(1,910) 301 LLMD 89-1 Zone 33 24,355 (21,661) 2,670 557 21%(2,113) 302 LLMD 89-1 Zone 41 171,506 188,123 188,248 85,939 46%(102,309) 303 LLMD 89-1 Zone 79 2,588 2,367 2,750 1,354 49%(1,396) 304 LLMD 89-1 Zone 85 8,099 1,091 3,110 1,379 44%(1,731) 305 LLMD 89-1 Zone 111 23,719 25,513 26,070 11,730 45%(14,340) 306 LLMD 89-1 Zone 115 3,383 2,807 3,720 2,183 59%(1,537) 307 LLMD 89-1 Zone 116 8,004 8,553 8,933 3,900 44%(5,033) 308 LLMD 89-1 Zone 147 1,901 198 1,553 803 52%(750) 309 LLMD 89-1 Zone 151 5,904 6,393 7,660 5,297 69%(2,363) 310 LLMD 89-1 Zone 156 4,433 4,722 5,750 3,340 58%(2,411) 311 Benefit Assessment District 2014-2 4,676 4,776 12,494 2,957 24%(9,537) 312 LLMD 2014-1 3,448 3,781 19,406 2,565 13%(16,841) 313 LLMD 2014-3 2,958 3,313 8,370 2,084 25%(6,286) 314 LLMD 2014-4 1,828 2,078 6,920 1,216 18%(5,704) 315 Community Facilities District 2019-1 - 9,284 6,000 5,313 89%(687) 400 Community Facilities District 2017-1 50,730 73,612 34,400 38,543 112%4,143 401 Community Facilities District 2017-2 - 33,308 17,700 21,746 123%4,046 402 Community Facilities District 2020-1 - 72,863 36,100 28,261 78%(7,839) 403 LMD 98-2 ORIGINAL - - - - 0%- 404 LMD 98-2 ANNEX 01/Zone A - - - - 0%- 405 LMD 98-2 ANNEX 02/Zone B - - - - 0%- 406 LMD 98-2 ANNEX 03/Zone C - - - - 0%- 407 LMD 98-2 ANNEX 04/Zone D - - - - 0%- 408 LMD 98-2 ANNEX 06/Zone F - - - - 0%- 409 LMD 2001-1 Zone G - - - - 0%- 410 LMD 2001-1 Zone S 4 - - (0) 0%(0) 411 LMD 2001-1 Zone W - - - - 0%- 412 LMD 2001-2 Zone A - - - - 0%- 413 LMD 2001-2 Zone B - - - - 0%- 414 LMD 2001-2 Zone C - - - - 0%- % Budget Used City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov CITY OF EASTVALE UNAUDITED: 65% Reported Fiscal Year 2021-22Interim Financial Report | QUARTER THREE ending March 31, 2022 | 9 months Other Funds Summary *Data includes transfers Restated Audited Actuals Restated Unaudited Actuals Adjusted Budget Actuals Difference, Budget Versus Actuals Description 2019-20 2020-21 2021-22 3/31/2022 2021-22 % Budget Used 415 LMD 2001-2 Zone D - - - - 0%- 416 LMD 2001-2 Zone F - - - - 0%- 417 LMD 2001-2 Zone G - - - - 0%- 418 LMD 2001-2 Zone H - - - - 0%- 419 LMD 2001-2 Zone J - - - - 0%- 420 LMD 2001-2 Zone K 4 0 - (0) 0%(0) 421 LMD 2001-2 Zone M - - - - 0%- 422 LMD 2001-3 Zone A - - - - 0%- 423 LMD 2001-3 Zone B - - - - 0%- 424 LMD 2001-3 Zone C - - - - 0%- 425 LMD 2001-3 Zone D - - - - 0%- 426 LMD 2001-3 Zone E - - - - 0%- 427 LMD 2001-3 Zone F - - - - 0%- 428 LMD 2001-3 Zone G - - - - 0%- 429 LMD 2001-3 Zone H - - - - 0%- 430 LMD 2001-3 Zone I 2 (0) - (0) 0%(0) 431 LMD 2001-3 Zone J - - - - 0%- 432 LMD 2001-3 Zone K - - - - 0%- 433 LMD 2001-3 Zone L - - - - 0%- 434 LMD 2001-3 Zone M - - - - 0%- 435 LMD 2001-3 Zone N - - - - 0%- 436 LMD 2001-3 Zone O - - - - 0%- 437 LMD 2001-3 Zone P - - - - 0%- 438 LMD 2001-3 Zone Q - - - - 0%- 439 LMD 2001-3 Zone R - - - - 0%- 440 LMD 2001-3 Zone S 3 0 - - 0%- 441 LMD 2001-3 Zone T - - - - 0%- 442 LMD 2001-3 Zone U - - - - 0%- 443 LMD 2001-3 Zone V - - - - 0%- 444 LMD 2001-3 Zone W - - - - 0%- 445 LMD 2001-3 Zone X - - - - 0%- 446 LMD 2001-3 Zone Y - - - - 0%- 447 LMD 2001-3 Zone Z - - - - 0%- 448 LMD 2001-3 Zone AA - - - - 0%- 449 LMD 2001-3 Zone BB - - - - 0%- 450 LMD 2001-3 Zone CC - - - - 0%- 451 LMD 2001-3 Zone DD - - - - 0%- 452 LMD 2001-3 Zone EE - - - - 0%- 453 LMD 2001-3 Zone FF - - - - 0%- 454 LMD 2001-3 Zone GG - - - - 0%- 455 LMD 2001-3 Zone HH - - - - 0%- 456 LMD 2001-3 Zone II - - - - 0%- 457 LMD 2001-3 Zone JJ - - - - 0%- 458 LMD 2001-3 Zone KK - - - - 0%- 459 LMD 2001-3 Zone LL - - - - 0%- 460 LMD 2001-3 Zone MM - - - - 0%- 461 LMD 2001-3 Zone NN - - - - 0%- 462 LMD 2001-3 Zone OO - - - - 0%- 463 LMD 2001-3 Zone PP - - - - 0%- 464 LMD 2001-3 Zone QQ - - - - 0%- 465 LMD 2001-3 Zone RR - - - - 0%- 466 LMD 2001-3 Zone SS - - - - 0%- City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov CITY OF EASTVALE UNAUDITED: 65% Reported Fiscal Year 2021-22Interim Financial Report | QUARTER THREE ending March 31, 2022 | 9 months Other Funds Summary *Data includes transfers Restated Audited Actuals Restated Unaudited Actuals Adjusted Budget Actuals Difference, Budget Versus Actuals Description 2019-20 2020-21 2021-22 3/31/2022 2021-22 % Budget Used 467 LMD 2001-3 Zone TT - - - - 0%- 468 LMD 2001-3 Zone UU - - - - 0%- 469 LMD 2001-3 Zone VV - - - - 0%- 470 LMD 2001-3 Zone WW - - - - 0%- 471 LMD 2001-3 Zone XX - - - - 0%- 472 LMD 2001-3 Zone YY - - - - 0%- 473 LMD 2001-3 Zone ZZ - - - - 0%- 474 LMD 2001-3 Zone AAA - - - - 0%- 475 LMD 2001-3 Zone BBB - - - - 0%- 476 LMD 2001-3 Zone CCC - - - - 0%- 477 LMD 2001-3 Zone DDD - - - - 0%- 478 LMD 2001-3 Zone EEE - - - - 0%- 479 LMD 2001-3 Zone FFF - - - - 0%- 480 LMD 2001-3 Zone GGG - - - - 0%- 481 LMD 2001-3 Zone HHH - - - - 0%- 482 LMD 2001-3 Zone III - - - - 0%- 483 LMD 2001-3 Zone JJJ - - - - 0%- 484 LMD 2001-3 Zone LLL - - - - 0%- 485 LMD 2001-3 Zone MMM - - - - 0%- 486 Illumination District No 2 Subarea 35 - - - - 0%- 487 Illumination District No 2 Subarea 42 - - - - 0%- 488 Illumination District No 2 Subarea 46 - - - - 0%- 489 Illumination District No 2 Subarea 49 - - - - 0%- 490 Illumination District No 2 Subarea 55 - - - - 0%- 500 Debt Service - 468,699 4,277,633 - 0%(4,277,633) 600 Capital Projects 5,491,640 1,520,007 2,054,019 90,111 4%(1,963,908) 700 Information Technology - - 388,652 - 0%(388,652) Total Other Fund Revenues 12,516,237 8,993,118 19,789,253 7,169,517 36%(12,231,084) Expenditures 200 Gas Tax 3,245,223$ 4,240,697$ 3,488,576$ 574,418$ 16%(2,914,158)$ 205 SB1 1,101,096 1,334,718 1,781,474 86,565 5%(1,694,909) 206 Area Drainage Plan (ADP)- 487 300,000 - 0%(300,000) 210 Measure A 2,643,996 604,674 3,676,549 996,371 27%(2,680,178) 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 2,721,652 153,964 6%(2,567,688) 241 Grants: Coronavirus Relief Fund - 788,813 - - 0%- 242 Grants: American Rescue Plan Act Fund - - 4,166,850 - 0%(4,166,850) 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 2,000,000 199,556 10%(1,800,444) 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 1,149 0%(238,851) 300 LLMD 89-1 Zone 10 1,759 1,414 1,642 59 4%(1,583) 301 LLMD 89-1 Zone 33 2,722 334 982 104 11%(878) 302 LLMD 89-1 Zone 41 13,616 15,601 169,650 20,092 12%(149,558) 303 LLMD 89-1 Zone 79 1,314 1,430 2,505 1,873 75%(632) City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov CITY OF EASTVALE UNAUDITED: 65% Reported Fiscal Year 2021-22Interim Financial Report | QUARTER THREE ending March 31, 2022 | 9 months Other Funds Summary *Data includes transfers Restated Audited Actuals Restated Unaudited Actuals Adjusted Budget Actuals Difference, Budget Versus Actuals Description 2019-20 2020-21 2021-22 3/31/2022 2021-22 % Budget Used 304 LLMD 89-1 Zone 85 111 151 2,890 93 3%(2,797) 305 LLMD 89-1 Zone 111 11,039 10,954 23,925 8,016 34%(15,909) 306 LLMD 89-1 Zone 115 8,084 7,143 5,820 6,853 118%1,033 307 LLMD 89-1 Zone 116 3,370 3,786 4,220 3,125 74%(1,095) 308 LLMD 89-1 Zone 147 2,706 3,026 2,675 2,141 80%(534) 309 LLMD 89-1 Zone 151 13,141 14,884 11,535 6,284 54%(5,251) 310 LLMD 89-1 Zone 156 10,999 8,991 9,530 4,382 46%(5,148) 311 Benefit Assessment District 2014-2 2,938 3,233 12,505 3,238 26%(9,267) 312 LLMD 2014-1 1,981 2,187 19,190 2,002 10%(17,188) 313 LLMD 2014-3 2,150 2,374 7,760 2,229 29%(5,531) 314 LLMD 2014-4 818 909 6,560 625 10%(5,935) 315 Community Facilities District 2019-1 17,223 3,208 2,620 2,746 105%126 400 Community Facilities District 2017-1 767 3,282 9,400 2,669 28%(6,731) 401 Community Facilities District 2017-2 767 17,709 25,300 11,813 47%(13,487) 402 Community Facilities District 2020-1 1,534 10,258 90,713 40,061 44%(50,652) 404 LMD 98-2 ANNEX 01/Zone A - - - 304 0%304 405 LMD 98-2 ANNEX 02/Zone B - - - 214 0%214 406 LMD 98-2 ANNEX 03/Zone C - - - 2,277 0%2,277 407 LMD 98-2 ANNEX 04/Zone D - - - 476 0%476 408 LMD 98-2 ANNEX 06/Zone F - - - 634 0%634 409 LMD 2001-1 Zone G - - - 516 0%516 410 LMD 2001-1 Zone S - - - 22 0%22 411 LMD 2001-1 Zone W - - - 59 0%59 412 LMD 2001-2 Zone A - - - 316 0%316 413 LMD 2001-2 Zone B - - - 448 0%448 414 LMD 2001-2 Zone C - - - 446 0%446 415 LMD 2001-2 Zone D - - - 39 0%39 416 LMD 2001-2 Zone F - - - 297 0%297 417 LMD 2001-2 Zone G - - - 91 0%91 418 LMD 2001-2 Zone H - - - 233 0%233 419 LMD 2001-2 Zone J - - - 758 0%758 420 LMD 2001-2 Zone K - - - 495 0%495 421 LMD 2001-2 Zone M - - - 31 0%31 422 LMD 2001-3 Zone A - - - 69 0%69 423 LMD 2001-3 Zone B - - - 302 0%302 424 LMD 2001-3 Zone C - - - 173 0%173 425 LMD 2001-3 Zone D - - - 161 0%161 426 LMD 2001-3 Zone E - - - 378 0%378 427 LMD 2001-3 Zone F - - - 844 0%844 428 LMD 2001-3 Zone G - - - 17 0%17 429 LMD 2001-3 Zone H - - - 256 0%256 430 LMD 2001-3 Zone I - - - 199 0%199 431 LMD 2001-3 Zone J - - - 1,075 0%1,075 432 LMD 2001-3 Zone K - - - 304 0%304 433 LMD 2001-3 Zone L - - - 487 0%487 434 LMD 2001-3 Zone M - - - 374 0%374 435 LMD 2001-3 Zone N - - - 618 0%618 436 LMD 2001-3 Zone O - - - 1,428 0%1,428 437 LMD 2001-3 Zone P - - - 53 0%53 438 LMD 2001-3 Zone Q - - - 292 0%292 439 LMD 2001-3 Zone R - - - 156 0%156 440 LMD 2001-3 Zone S - - - 42 0%42 City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov CITY OF EASTVALE UNAUDITED: 65% Reported Fiscal Year 2021-22Interim Financial Report | QUARTER THREE ending March 31, 2022 | 9 months Other Funds Summary *Data includes transfers Restated Audited Actuals Restated Unaudited Actuals Adjusted Budget Actuals Difference, Budget Versus Actuals Description 2019-20 2020-21 2021-22 3/31/2022 2021-22 % Budget Used 441 LMD 2001-3 Zone T - - - 63 0%63 442 LMD 2001-3 Zone U - - - 429 0%429 443 LMD 2001-3 Zone V - - - 325 0%325 444 LMD 2001-3 Zone W - - - 478 0%478 445 LMD 2001-3 Zone X - - - 161 0%161 446 LMD 2001-3 Zone Y - - - 45 0%45 447 LMD 2001-3 Zone Z - - - 72 0%72 448 LMD 2001-3 Zone AA - - - 80 0%80 449 LMD 2001-3 Zone BB - - - 55 0%55 450 LMD 2001-3 Zone CC - - - 42 0%42 451 LMD 2001-3 Zone DD - - - 467 0%467 452 LMD 2001-3 Zone EE - - - 479 0%479 453 LMD 2001-3 Zone FF - - - 242 0%242 454 LMD 2001-3 Zone GG - - - 572 0%572 455 LMD 2001-3 Zone HH - - - 121 0%121 456 LMD 2001-3 Zone II - - - 98 0%98 457 LMD 2001-3 Zone JJ - - - 205 0%205 458 LMD 2001-3 Zone KK - - - 38 0%38 459 LMD 2001-3 Zone LL - - - 244 0%244 460 LMD 2001-3 Zone MM - - - 82 0%82 461 LMD 2001-3 Zone NN - - - 130 0%130 462 LMD 2001-3 Zone OO - - - 144 0%144 463 LMD 2001-3 Zone PP - - - 148 0%148 464 LMD 2001-3 Zone QQ - - - 180 0%180 465 LMD 2001-3 Zone RR - - - 79 0%79 466 LMD 2001-3 Zone SS - - - 472 0%472 467 LMD 2001-3 Zone TT - - - 163 0%163 468 LMD 2001-3 Zone UU - - - 85 0%85 469 LMD 2001-3 Zone VV - - - 49 0%49 470 LMD 2001-3 Zone WW - - - 62 0%62 471 LMD 2001-3 Zone XX - - - 201 0%201 472 LMD 2001-3 Zone YY - - - 20 0%20 473 LMD 2001-3 Zone ZZ - - - 500 0%500 474 LMD 2001-3 Zone AAA - - - 87 0%87 475 LMD 2001-3 Zone BBB - - - 362 0%362 476 LMD 2001-3 Zone CCC - - - 270 0%270 477 LMD 2001-3 Zone DDD - - - 713 0%713 478 LMD 2001-3 Zone EEE - - - 473 0%473 479 LMD 2001-3 Zone FFF - - - - 0%- 480 LMD 2001-3 Zone GGG - - - 433 0%433 481 LMD 2001-3 Zone HHH - - - 210 0%210 482 LMD 2001-3 Zone III - - - 94 0%94 483 LMD 2001-3 Zone JJJ - - - 1,001 0%1,001 484 LMD 2001-3 Zone LLL - - - 252 0%252 485 LMD 2001-3 Zone MMM - - - 111 0%111 486 Illumination District No 2 Subarea 35 - - - 177 0%177 487 Illumination District No 2 Subarea 42 - - - 126 0%126 488 Illumination District No 2 Subarea 46 - - - 36 0%36 489 Illumination District No 2 Subarea 49 - - - 175 0%175 490 Illumination District No 2 Subarea 55 - - - 185 0%185 500 Debt Service - 467,960 4,277,632 - 0%(4,277,632) 600 Capital Projects 5,159,176 609,510 3,961,000 613,372 15%(3,347,628) City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov CITY OF EASTVALE UNAUDITED: 65% Reported Fiscal Year 2021-22Interim Financial Report | QUARTER THREE ending March 31, 2022 | 9 months Other Funds Summary *Data includes transfers Restated Audited Actuals Restated Unaudited Actuals Adjusted Budget Actuals Difference, Budget Versus Actuals Description 2019-20 2020-21 2021-22 3/31/2022 2021-22 % Budget Used 700 Information Technology - - - 42,309 0%42,309 Total Other Fund Expenditures 16,451,422 9,797,596 27,643,778 2,920,049 11%(24,766,037) City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov CITY OF EASTVALE UNAUDITED: 65% Reported Fiscal Year 2021-22Interim Financial Report | QUARTER THREE ending March 31, 2022 | 9 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$ 72,188,910$ 36,133,217$ 97,909,855$ TOTAL General Funds 36,539,651 61,854,162 72,188,910 36,133,217 97,909,855 OTHER PURPOSE GENERAL FUNDS 110 Restricted Structural Fire Fund 11,445,158$ 13,238,041$ 7,571,931$ 6,892,484$ 13,917,488$ TOTAL Other Purpose General Funds 11,445,158 13,238,041 7,571,931 6,892,484 13,917,488 SPECIAL REVENUE FUNDS 200 Gas Tax Fund 6,346,814$ 3,543,943$ 1,730,150$ 3,488,576$ 1,785,517$ 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 3,676,549 2,180,994 211 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 4,166,850 (486,741) 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 1,701,381 188,248 169,650 1,719,979 303 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 25,300 22,923 402 Community Facilities District 2020-1 - 62,605 36,100 90,713 7,992 403 LMD 98-2 ORIGINAL - - - - - 404 LMD 98-2 ANNEX 01/Zone A - - - - - 405 LMD 98-2 ANNEX 02/Zone B - - - - - 406 LMD 98-2 ANNEX 03/Zone C - - - - - 407 LMD 98-2 ANNEX 04/Zone D - - - - - 408 LMD 98-2 ANNEX 06/Zone F - - - - - 409 LMD 2001-1 Zone G - - - - - 410 LMD 2001-1 Zone S - - - - - 411 LMD 2001-1 Zone W - - - - - 412 LMD 2001-2 Zone A - - - - - 413 LMD 2001-2 Zone B - - - - - City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov CITY OF EASTVALE UNAUDITED: 65% Reported Fiscal Year 2021-22Interim Financial Report | QUARTER THREE ending March 31, 2022 | 9 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 414 LMD 2001-2 Zone C - - - - - 415 LMD 2001-2 Zone D - - - - - 416 LMD 2001-2 Zone F - - - - - 417 LMD 2001-2 Zone G - - - - - 418 LMD 2001-2 Zone H - - - - - 419 LMD 2001-2 Zone J - - - - - 420 LMD 2001-2 Zone K - - - - - 421 LMD 2001-2 Zone M - - - - - 422 LMD 2001-3 Zone A - - - - - 423 LMD 2001-3 Zone B - - - - - 424 LMD 2001-3 Zone C - - - - - 425 LMD 2001-3 Zone D - - - - - 426 LMD 2001-3 Zone E - - - - - 427 LMD 2001-3 Zone F - - - - - 428 LMD 2001-3 Zone G - - - - - 429 LMD 2001-3 Zone H - - - - - 430 LMD 2001-3 Zone I - - - - - 431 LMD 2001-3 Zone J - - - - - 432 LMD 2001-3 Zone K - - - - - 433 LMD 2001-3 Zone L - - - - - 434 LMD 2001-3 Zone M - - - - - 435 LMD 2001-3 Zone N - - - - - 436 LMD 2001-3 Zone O - - - - - 437 LMD 2001-3 Zone P - - - - - 438 LMD 2001-3 Zone Q - - - - - 439 LMD 2001-3 Zone R - - - - - 440 LMD 2001-3 Zone S - - - - - 441 LMD 2001-3 Zone T - - - - - 442 LMD 2001-3 Zone U - - - - - 443 LMD 2001-3 Zone V - - - - - 444 LMD 2001-3 Zone W - - - - - 445 LMD 2001-3 Zone X - - - - - 446 LMD 2001-3 Zone Y - - - - - 447 LMD 2001-3 Zone Z - - - - - 448 LMD 2001-3 Zone AA - - - - - 449 LMD 2001-3 Zone BB - - - - - 450 LMD 2001-3 Zone CC - - - - - 451 LMD 2001-3 Zone DD - - - - - 452 LMD 2001-3 Zone EE - - - - - 453 LMD 2001-3 Zone FF - - - - - 454 LMD 2001-3 Zone GG - - - - - 455 LMD 2001-3 Zone HH - - - - - 456 LMD 2001-3 Zone II - - - - - 457 LMD 2001-3 Zone JJ - - - - - 458 LMD 2001-3 Zone KK - - - - - 459 LMD 2001-3 Zone LL - - - - - 460 LMD 2001-3 Zone MM - - - - - 461 LMD 2001-3 Zone NN - - - - - 462 LMD 2001-3 Zone OO - - - - - 463 LMD 2001-3 Zone PP - - - - - 464 LMD 2001-3 Zone QQ - - - - - 465 LMD 2001-3 Zone RR - - - - - 466 LMD 2001-3 Zone SS - - - - - 467 LMD 2001-3 Zone TT - - - - - 468 LMD 2001-3 Zone UU - - - - - 469 LMD 2001-3 Zone VV - - - - - 470 LMD 2001-3 Zone WW - - - - - 471 LMD 2001-3 Zone XX - - - - - City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov CITY OF EASTVALE UNAUDITED: 65% Reported Fiscal Year 2021-22Interim Financial Report | QUARTER THREE ending March 31, 2022 | 9 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 472 LMD 2001-3 Zone YY - - - - - 473 LMD 2001-3 Zone ZZ - - - - - 474 LMD 2001-3 Zone AAA - - - - - 475 LMD 2001-3 Zone BBB - - - - - 476 LMD 2001-3 Zone CCC - - - - - 477 LMD 2001-3 Zone DDD - - - - - 478 LMD 2001-3 Zone EEE - - - - - 479 LMD 2001-3 Zone FFF - - - - - 480 LMD 2001-3 Zone GGG - - - - - 481 LMD 2001-3 Zone HHH - - - - - 482 LMD 2001-3 Zone III - - - - - 483 LMD 2001-3 Zone JJJ - - - - - 484 LMD 2001-3 Zone LLL - - - - - 485 LMD 2001-3 Zone MMM - - - - - 486 Illumination District No 2 Subarea 35 - - - - - 487 Illumination District No 2 Subarea 42 - - - - - 488 Illumination District No 2 Subarea 46 - - - - - 489 Illumination District No 2 Subarea 49 - - - - - 490 Illumination District No 2 Subarea 55 - - - - - TOTAL Special Revenue Funds 22,087,963 19,931,122 13,068,449 19,405,145 13,594,425 DEBT SERVICE FUND 500 General Debt Service Fund -$ 739$ 4,277,633$ 4,277,632$ 739$ TOTAL Debt Service Fund - 739 4,277,633 4,277,632 739 DEBT SERVICE FUND 600 General Capital Projects Fund 876,485$ 1,786,981$ 2,054,019$ 3,961,000$ (120,000)$ TOTAL Capital Projects Fund 876,485 1,786,981 2,054,019 3,961,000 (120,000) INTERNAL SERVICE FUNDS 700 Information Technology Reserve Fund -$ - 388,652$ -$ 388,652$ TOTAL Internal Service Funds - - 388,652 - 388,652 TOTAL 70,949,256$ 96,811,044$ 99,549,594$ 70,669,478$ 125,691,159$ GENERAL FUND - FUND BALANCE RESERVES AND COMMITMENTS Total General Fund Estimated Fund Balance at 06/30/2022 97,909,855$ Assigned:Emergency Contingency (50% of Adopted Appropriations)14,063,031 Total Assigned Reserves 14,063,031 Committed: Facility Construction: Library 10,000,000 Facility Construction: City Hall 20,000,000 Facility Construction: 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 38,460,500 Committed Appropriations Limit Qualified Capital Outlay Reserve: 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 Construction - Appropriations Limit 2,500,000 General Fund: Equipment Purchase, Fire Truck - Appropriations Limit 1,500,000 General Fund: Facility Construction, Fire Station 27 Storage Facility - Appropriations Limit 2,000,000 34,994,529 City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov CITY OF EASTVALE UNAUDITED: 65% Reported Fiscal Year 2021-22Interim Financial Report | QUARTER THREE ending March 31, 2022 | 9 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 Total General Funds Estimated Unassigned Fund Balance at 06/30/2022 10,391,795$ RESTRICTED STRUCTURAL FIRE FUND - FUND BALANCE RESERVES AND COMMITMENTS Total Fire Funds Estimated Fund Balance at 06/30/2022 13,917,488$ Assigned:Emergency Contingency (75% of Adopted Appropriations)5,169,363 Total Assigned Reserves 5,169,363 Committed: Facility Construction: Third Fire Station 8,000,000 Equipment Purchase: Apparatus Replacement Reserve 400,000 8,400,000 Total Fire Funds Estimated Unassigned Fund Balance at 06/30/2022 348,125$ City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov CITY OF EASTVALE UNAUDITED: 65% Reported Fiscal Year 2021-22Interim Financial Report | QUARTER THREE ending March 31, 2022 | 9 months Assigned Reserve: Contingency Calculation Restated Audited Fund Balance Restated Unaudited Fund Balance Mid-Year Adjusted Revenue Budget Mid-Year 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$ 72,188,910$ 36,133,217$ 97,909,855$ TOTAL General Funds 36,539,651 61,854,162 72,188,910 36,133,217 97,909,855 Assigned 50% Contingency ReservePolicy: 50% of Annual Budgeted Operating ExpendituresTotal Expenditures 36,133,217 Non-Operating Expenditures 8,007,154 Operating Expenditures 28,126,063 50% Reserve 14,063,031 OTHER PURPOSE GENERAL FUNDS 110 Restricted Structural Fire Fund 11,445,158$ 13,238,041$ 7,571,931$ 6,892,484$ 13,917,488$ TOTAL Other Purpose General Funds 11,445,158 13,238,041 7,571,931 6,892,484 13,917,488 Assigned 75% Contingency ReservePolicy: 75% of Annual Budgeted Operating ExpendituresTotal Expenditures 6,892,484 Non-Operating Expenditures - Operating Expenditures 6,892,484 75% Reserve 5,169,363 City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov CITY OF EASTVALE U UNAUDITED: 65% Reported Fiscal Year 2021-22Interim Financial Report | QUARTER THREE ending March 31, 2022 | 9 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 10,585,289 52,000,000 Quarter 2 #2,270,942 2,693,017 2,807,803 3,144,645 12,241,575 Quarter 3 1,848,685 2,129,355 2,272,291 10,892,874 10,836,091 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 33,662,956 13,000,000 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, 2020 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: 65% Reported Fiscal Year 2021-22Interim Financial Report | QUARTER THREE ending March 31, 2022 | 9 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