FISCAL YEAR 2021-22, QUARTER 4 ENDING JUNE 30, 2022E A S T V A L E
CALIFORNIA
CITY OF
INTERIM F IN ANCIAL REPO RT
QU ART ER FO UR | 12 M ONTHS
FISCAL YEAR 2021 - 2022
Executive Summary
City of Eastvale UNAUDITED Fiscal Year 2021-22 Interim Financial Report | QUARTER FOUR ending June 30, 2022 | 12 months, 98% 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 and on January 12, 2022, the Fiscal Year 2021-
22 Mid-Year review was presented and adopted. 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
12-month period ending June 30, 2022. The figures contained in this report are unaudited.
QUARTER 4 HIGHLIGHTS: Key changes impacting the city during the fourth 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.
Ending the Fiscal Year: The city will likely finish the year with an approximate $34.5 million in budget surplus in the
General Fund. These funds have already been commited by City Council for the City’s Civic Center project. Similarly,
the Fire Fund will complete the year with a $1.5 million budget surplus.
Fund Balance: The city will complete the year with $96.4 million in fund balance in the General Fund. A litle over
$14.0 million is set aside as an assigned reserve for opera�ons. A total of $73.4 million has been commited by the
City Council for the Civic Center project and other opera�onal reserves. The remaining $8.8 million of unassigned
fund balance is available to cover nega�ve fund balances in other funds. The Fire Fure will finish the fiscal year with
$14.5 million in fund balance. An assigned reserve of $4.8 million is set aside for opera�ons, an addi�onal $8.0 is
commited for the future third fire sta�on, and $400,000 is commited as an equipment replacement reserve. This
leaves $1.2 million of unassigned fund balance.
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 be received in the 2021-22 fiscal year, however the payment did not
materialize in the fiscal year and will be received a�er June 30, 2022. The true-up was budgeted at $8.0 million. As a
result, sales tax receipts at $44.7 million totaled significantly less than the budgeted figure of $52.0 million. More
detail is available in the atachments “General Fund Opera�ng Summary” and “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 and provides 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. These funds are subject to Federal Single Audit
Executive Summary
City of Eastvale UNAUDITED Fiscal Year 2021-22 Interim Financial Report | QUARTER FOUR ending June 30, 2022 | 12 months, 98% Reported
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 2
requirements; however, at this �me the US Treasury is allowing the subs�tu�on of an Alterna�ve Compliance
Examina�on Engagement Report which the city’s auditors will complete.
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
Accounting Methods
The figures presented in this execu�ve summary and the atached reports reflect general ledger balances as of June 30,
2022. Approximately 98% 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, staff
accrues revenues received and expenditures occurring in the months of July and August back to the month of June. This
matches the transac�on to the period in which revenue was earned or the expenditure occurred. Although June 30, 2022,
has passed the City’s financials have not yet been audited and finalized. 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 June 30, 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
$39.2 million as of the publish date of this report.
To date the General Fund’s actual budget surplus
is $34.5 million. Details of the city’s opera�ng
statement can be found in the Atachment
General Fund Opera�ng Summary.
General Fund Overview 12-Months Ended June 30, 2022
General Fund
Overview
Adjusted
Budget
Actual
Ac�vity
%
Revenues 75,382,279 67,953,770 90%
Expenditures 36,133,217 33,447,207 93%
Surplus (Deficit) 39,249,062 34,506,563
0
10
20
30
40
50
60
70
80
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 FOUR ending June 30, 2022 | 12 months, 98% Reported
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 3
Net Revenue/Change in Fund Balance - The General Fund will complete the fiscal year with $34.5 million in net revenue,
also called a budget surplus (revenue minus expenditures), for the fiscal year 2021-22. These funds have been allocated
towards capital infrastructure reserves, these reserves were iden�fied during the 2021-22 budget process and adopted
by council via resolu�on.
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.
Overall revenues stand at 90% of budget due solely to the missing $8.0 million sales tax true up payment for fiscal year
2020. At this �me, it is unknown when the state will distribute the funds. One last item not reflected in this report is a
property tax teeter payment from Riverside County that staff es�mates is approximately $100,000. This will be reflected
in the city’s financial statements.
Overall, General Fund revenues are at $67,953,770.
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. 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 lower than
expected at 86% of budget, or $7.3 million under
budget. This is primarily due to an outstanding $8.0
million true up due from the state for the quarter two
repor�ng period for the 2020 fiscal year. The true-up
will not be received in the 2021-22 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. Actual revenues are at $6,662,139 or 106% 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 came in higher than expected at 120% of budget. Three of the
four categories of franchise fees materialized higher than budget, including electric, refuse, and natural gas.
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 $2,333,526 or 82% of budget. Contracted services and employee wages drive
the fees charged to private developers for planning and building fees. Within the category, specific divisions and types of
Executive Summary
City of Eastvale UNAUDITED Fiscal Year 2021-22 Interim Financial Report | QUARTER FOUR ending June 30, 2022 | 12 months, 98% Reported
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 4
fees performed differently during the fiscal year. Building, planning, and engineering developer fees are down significantly;
budget is only at 90%, 74%, and 73% respec�vely. Building fixed fees are at 129% of budget and encroachment
development fees are on target at 98%. Legal fees exceeded budget at 167%. Passport services also exceed budget
projec�ons at 139%; passport service demand increased significantly during the pandemic and has con�nued at or above
the same level. Business registra�on fees are lower than expected at 72% of budget; data shows a drop in home occupancy
businesses, likely from the pandemic.
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 $6,367,511 or 104% of budget.
Use of Money and Property – This category is populated investment income. Budget was es�mated at $500,000 and
actuals are at 151,235. 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
loss. Net of unrealized gain, total investment earnings for the fiscal year stand at $546,363, or 109% of budget.
Transfers In – This category stands at 7,417,458 or 97% of budget. The category consists of transfers-in to the General
Fund from other funds. Transfers includes the $57,239 for the city’s cost alloca�on plan and $7,360,219 for an American
Rescue Plan Act State and Local Fiscal Recovery Funds (ARPA SFLRF) reimbursement for Law Enforcement contract costs.
Overall, General Fund revenues are at $67,953,770 or 90% 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
$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 FOUR ending June 30, 2022 | 12 months, 98% Reported
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 5
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 $33,447,207 or 93% of budget.
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 $13,900,765
or 91% of budget; total budget for this category is $15.3
million. 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 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, legal services, and support services
for all major departments.
Personnel – The personnel category contains the salary and benefit costs for city employees. This category generated
actual expenditures at $5,186,164 or 80% of budget. Staff expected to see 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 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.
Contract
Services
42%
Transfers
Out 19%
Personnel18%
Operations
12%
Debt Service
8%
Maintenance
1%
Capital
Outlay 1%
Expenditure Budget Breakdown
Executive Summary
City of Eastvale UNAUDITED Fiscal Year 2021-22 Interim Financial Report | QUARTER FOUR ending June 30, 2022 | 12 months, 98% Reported
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 6
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 $3,191,127 or 75% of budget.
Capital Outlay – Capital outlay consists of office equipment, computer hardware, so�ware, furniture, and fixtures with a
cost greater than $5,000. This category is at $187,826 or 72% of budget.
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. The actual payoff amount of $1.8 million is considered a non-opera�ng
cost. 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 110% of budget. Two factors affected the
increase. The first is that the consumer price index (CPI) for Riverside County came back higher than expected, causing
the revenue neutrality payment to increase. Second, are expenditures related to the city’s Government Accoun�ng
Standards Board (GASB) Statement 87 regarding the city’s leases. These expenditures are reclassified from opera�ons
(leases) to debt service in accordance with GASB 87.
Transfers-Out – The transfers-out category in the General Fund accounts for the movement of cash from the General Fund
to another fund. The city transferred out funds to the debt service fund and capital improvement fund to cover the costs
of the full payoff of the city’s lease purchase agreement for streetlights and to cover the costs of capital improvement
projects (CIP) that require General Fund resources. The streetlight payoff, totaling $3.8 million, and CIP transfers, totaling
$2.1 million are considered non-opera�ng in nature. A total of $503,127 in regular recurring transfer expenditures includes
cash to cover the city’s regular debt service payment for the lease purchase agreement and General Fund benefit
contribu�ons for several Landscape and Ligh�ng Maintenance Districts and one Benefit Assessment District.
Overall, the General Fund is at $33,447,207 or 93% of expenditure budget. GENERAL FUND OPERATING STATEMENT
General Fund Operating Statement - The General
Fund generated $28,199,687 in operating revenues
and $24,421,130 in operating expenditures. Revenues
exceed expenditures and as a result, the General Fund
has an operating surplus of $3,778,557. On the non-
operating side, $39,754,083 in non-operating revenues
and $9,026,077 in non-operating expenditures
occurred. Non-operating revenues exceed
expenditures and as a result, the General Fund has a
non-operating surplus of $30,728,006. Non-operating revenues are comprised of two sources of revenue, sales tax and
transfers in from other funds. The sales tax revenue represents a local business in the business and industry category that
changed business structure and as a result county pool sales tax was redistributed to host cities. At this time, staff
considers this new sales tax source as one-time and non-recurring revenues as the stability of the revenue is unknown. As
a result, the revenue will be set aside for future capital improvement projects, such as the city’s civic center development
at the Leal Property. The transfers-in represent ARPA SLFRF funds utilized to offset law enforcement contract costs. Non-
operating expenditures consist of unrealized losses on the city’s investments, totaling $1.3 million. This entry will be
reversed as of July 1, 2022, and have no material impact to the city’s cash on hand, however the entry will be reflected on
General Fund Operating Statement
Operating Revenue Actuals 28,199,687
Operating Expenditure Actuals (24,421,130)
Operating Surplus 3,778,557
Non-Operating Revenue Actuals 39,754,083
Non-Operating Expenditure Actuals (9,026,077)
Non-Operating Surplus 30,728,006
Net Revenue 34,506,563
Executive Summary
City of Eastvale UNAUDITED Fiscal Year 2021-22 Interim Financial Report | QUARTER FOUR ending June 30, 2022 | 12 months, 98% Reported
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 7
the city’s financial statements. Debt service and transfers out represent the remaining balance of $7.7 million and are
described in more detail in the previous section.
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
is considered General Fund monies; however, it contains
restricted property tax revenue for use towards fire services and
therefore is separated from the city’s unrestricted General
Fund.
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 104% of budget or $7,601,845. Property tax is the largest
single source of revenue for the Fire Fund.
Licenses, permits, and fees are at 57 % of
budget, primarily due to a decrease in fire plan
check permits.
Investment income populates the category of
use of money and property. Budget was
es�mated at $95,000 and actuals are at
($1,616). 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. Net of unrealized gain,
total investment earnings for the fiscal year
stand at $103,308, or 109% of budget.
Overall, Fire Fund revenues are at 102% of
budget.
Expenditures – Contract services for Riverside County Fire stand at $5,654,282 or 91% of budget. The city realized a
nominal savings due to CalFIRE’s current staffing shortage, which equated to salary savings within the city’s service
contract.
Maintenance and opera�ons actuals are at 108% and 73% respec�vely. Maintenance and opera�ons include building
maintenance, vehicle maintenance and fuel, and u�li�es. The city has hired a full-�me Landscape and Facili�es
Superintendent, and as a result expenditures at the city’s fire facili�es will likely increase as regular maintenance is
implemented.
Overall, the Fire Fund is at $6,217,798 or 90% of expenditure budget.
Net Revenue – The Fire Fund is projected to complete the fiscal year with $1,476,891 in net revenue, also called a budget
surplus, for the fiscal year 2021-22.
Fire Fund Overview 12-Months Ended June 30, 2022
General Fund
Overview
Adjusted
Budget
Actual
Ac�vity
%
Revenues 7,571,931 7,682,866 101%
Expenditures 6,892,484 6,210,900 90%
Surplus (Deficit) 679,447 1,471,966
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 FOUR ending June 30, 2022 | 12 months, 98% Reported
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 8
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.
MAJOR SPECIAL REVENUE FUNDS
Gas Tax – This fund was considered a major fund for the 2020-21 financial audit. 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 $1,604,905 or 93% of budget. This is a 12% increase over the prior year. Gas taxes are
collected and allocated to local governments from the State of California pursuant to sec�on 2103 of the California Streets
and Highways code. Appor�onments are based on the city’s popula�on, vehicle registra�ons, and maintained street miles.
Expenditures in this fund are restricted for use towards streets or roads. Expenditures in this fund are at 54% of budget
for a total of $1,870,769. Capital improvement projects are u�lizing built up fund balance (savings) in this fund to cover
project costs that exceed current year revenues.
Grants: American Rescue Plan Act – This fund was considered a major fund for the 2020-21 financial audit. As a result,
staff included discussion here. As of June 30, 2022, the fund had a total of $7,3690,219 in expenditures in the category of
transfers-out to the General Fund. As a result of the transfer-out expenditures this fund will have zero fund balance, as
the grant funds have been completely expensed and the grant period has ended for the city.
A Note Regarding Government Accounting and Budgeting
Most agencies manage governmental funds and budgets using a method called “modified accrual” accoun�ng. Modified accrual
means that governmental funds are managed on a cash basis throughout the year. At year-end accruals are processed to ensure
revenues and expenditures are recorded in the appropriate fiscal year in which the transac�ons actually occurred. This method
applies to all the city’s funds (General Fund and Special Revenue funds).
As an illustra�on, revenue is recorded as it is received throughout the fiscal year (cash basis). The majority of General Fund revenues
are received sporadically throughout the year, and most is received or accrued in the final nine months of the fiscal year. Meanwhile,
expenditures con�nue each month, regardless of whether revenues have been received. This circumstance highlights the
importance of maintaining an adequate opera�ng reserve that allows for cash flow needs throughout the fiscal year, especially
during months in which some revenues categories are not received.
CITY OF EASTVALE UNAUDITED: 98% Reported
Fiscal Year 2021-22Interim Financial Report | QUARTER FOUR ending June 30, 2022 | 12 months
General Fund Summary by Category Restated
Audited
Actuals
Restated
Audited
Actuals
Adjusted
Budget Actuals
Amount
Over(Under)
Budget
Description 2019-20 2020-21 2021-22 6/30/2022 2021-22
GENERAL FUND
Revenues
Property Taxes 3,189,147$ 3,526,028$ 3,445,652$ 3,662,139$ 106%216,487$
Sales & Use Tax 10,348,979 28,120,058 52,000,000 44,710,286 86%(7,289,714)
Franchise Fees 1,644,840 5,937,579 1,647,000 1,971,912 120%324,912
Property Transfer Tax - 0 0 0 0%-
License, Permits & Fees 3,181,576 2,885,193 2,840,010 2,333,526 82%(506,484)
Fines, Penalties & Forfeitures 647,721 583,856 490,000 567,641 116%77,641
Intergovernmental 6,301,448 5,804,854 6,099,611 6,367,511 104%267,900
Use of Money & Property 1,576,335 1,102,678 500,000 151,235 30%(348,765)
Miscellaneous 488,523 237,295 716,500 772,062 108%55,562
Transfers In 631,506 17,886 7,643,506 7,417,458 97%(226,048)
Total General Fund Revenues 28,010,076 48,215,427 75,382,279 67,953,770 90%(7,428,509)
Expenditures
Salaries 2,319,254$ 2,642,258$ 4,882,410$ 3,827,275$ 78%(1,055,135)$
Benefits 839,191 1,081,972 1,611,200 1,358,889 84%(252,311)
Contract Services 12,590,458 12,106,951 15,302,798 13,900,765 91%(1,402,033)
Maintenance 145,799 105,619 256,146 205,290 80%(50,857)
Operations 3,202,635 2,644,003 4,253,050 4,496,202 106%243,152
Capital Outlay 958,270 242,536 260,394 187,826 72%(72,568)
Debt Service 1,314,367 1,130,459 2,816,550 3,105,881 110%289,331
Transfers Out 1,381,239 1,989,214 6,750,668 6,365,079 94%(385,589)
Total General Fund Expenditures 22,751,213 21,943,011 36,133,217 33,447,207 93%(2,686,010)
NET REVENUE 5,258,863 26,272,415 39,249,062 34,506,563 (4,742,499)
OTHER PURPOSE GENERAL FUNDSRESTRICTED STRUCTURAL FIRE FUND
Revenues
Property Taxes (Restricted for Fire Services)6,767,148$ 7,289,292$ 7,298,931$ 7,601,854$ 104%302,923$
Sales & Use Tax - 0 0 0 0 -
Franchise Fees - 0 0 0 0 -
Other Taxes - 0 0 0 0 -
License, Permits & Fees 208,613 154,718 165,000 94,451 57%(70,549)
Fines, Penalties & Forfeitures 13,008 25,979 13,000 0 0%(13,000)
Intergovernmental - 0 0 0 0 -
Use of Money & Property 498,969 2,927 95,000 (1,616)-2%(96,616)
Miscellaneous 24,932 0 0 0 0 -
Transfers - 167,660 0 0 0 -
Total Fire Fund Revenues 7,512,670 7,640,575 7,571,931 7,694,689 102%122,758
Expenditures
Salaries -$ 797$ -$ 808$ 0 808$
Benefits - 107 0 0 0 -
Contract Services 4,121,443 5,463,946 6,213,787 5,654,282 91%(559,505)
Maintenance 22,295 52,275 52,364 56,463 108%4,100
Operations 111,064 78,136 283,834 447,634 158%163,800
Capital Outlay - 0 85,000 38,200 45%(46,800)
Debt Service 481,929 252,432 257,500 262,228 102%4,728
Transfers Out - 0 0 0 0 -
Total General Fund Expenditures 4,736,731 5,847,693 6,892,484 6,459,615 94%(432,869)
NET REVENUE 2,775,939 1,792,882 679,447 1,235,074 555,627
% Budget
Used
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 98% Reported
Fiscal Year 2021-22Interim Financial Report | QUARTER FOUR ending June 30, 2022 | 12 months
General Fund Summary by Departments
Restated
Audited Actuals
Restated
Audited Actuals
Adjusted
Budget Actuals
Amount
Over(Under)
Budget
Description 2019-20 2020-21 2021-22 6/30/2022 2021-22
GENERAL FUND
Revenues
General Services
Non Departmental 24,239,003$ 44,774,936$ 72,101,269$ 65,076,959$ 90%(7,024,310)$
City Clerk 23,470 42,702 41,000 54,411 133%13,411
City Manager 100 6,056 6,000 10,258 171%4,258
Finance 90,477 160,501 176,650 126,297 71%(50,353)
General Government - - - - 0%-
City Attorney - 23,730 48,000 80,205 167%32,205
Subtotal General Services 24,353,051 45,007,925 72,372,919 65,348,130 90%(7,024,789)
Community Development
Community Development 639,184$ 418,610$ 1,441,360$ 1,064,186$ 74%(377,174)$
Subtotal Community Development 639,184 418,610 1,441,360 1,064,186 74%(377,174)
Community Safety
Community Safety 2,241,189$ 2,154,008$ 1,003,500$ 905,318$ 90%(98,182)$
Subtotal Community Safety 2,241,189 2,154,008 1,003,500 905,318 90%(98,182)
Public Safety
Public Safety 776,652$ 634,885$ 564,500$ 636,137$ 113%71,637$
Subtotal Public Safety 776,652 634,885 564,500 636,137 113%71,637
Total General Fund Revenues 28,010,076 48,215,427 75,382,279 67,953,770 90%(7,428,509)
Expenditures
General Services
100 City Council 109,272$ 133,393$ 215,695$ 224,419$ 104%8,723$
110 City Attorney 307,082 299,975 390,000 317,860 82%(72,140)
120 City Clerk 419,335 420,701 532,926 444,667 83%(88,259)
200 City Manager 699,087 613,963 719,406 609,470 85%(109,936)
210 Finance 710,728 708,666 1,146,785 910,324 79%(236,461)
220 Talent Attraction and Development 408,992 485,963 640,266 651,178 102%10,912
230 Risk Management 110,922 164,653 439,460 386,678 88%(52,782)
240 Information Technology 252,352 411,918 281,012 294,454 105%13,442
260 Communications 243,744 253,125 351,246 244,365 70%(106,882)
290 General Government 2,764,206 3,535,350 10,274,472 11,162,226 109%887,754
295 Building Maintenance 825,546 357,011 572,937 467,728 82%(105,209)
720 Events - 0 664,359 682,857 103%18,498
Subtotal General Services 6,851,265 7,384,719 16,228,564 16,396,225 101%167,661
Community Development
301 Administration 521,072$ 562,236$ 1,316,378$ 1,108,869$ 84%(207,509)$
300 Planning 751,172 541,489 812,907 610,794 75%(202,113)
320 Engineering 241,479 504,724 1,832,019 1,447,314 79%(384,705)
500 Public Works 1,064,871 415,523 736,293 368,711 50%(367,582)
600 Landscaping - 0 0 1,074 0%1,074
Subtotal Community Development 2,578,593 2,023,972 4,697,597 3,536,763 75%(1,160,834)
Community Safety
311 Administration -$ -$ 291,086$ 19,679$ 7%(271,408)$
310 Building Safety 2,277,358 2,122,378 1,242,509 1,337,997 108%95,487
330 Community Enhancement & Safety 862,700 663,285 983,621 764,036 78%(219,586)
Subtotal Community Safety 3,140,058 2,785,663 2,517,217 2,121,711 84%(395,506)
% Budget
Used
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 98% Reported
Fiscal Year 2021-22Interim Financial Report | QUARTER FOUR ending June 30, 2022 | 12 months
General Fund Summary by Departments
Restated
Audited Actuals
Restated
Audited Actuals
Adjusted
Budget Actuals
Amount
Over(Under)
Budget
Description 2019-20 2020-21 2021-22 6/30/2022 2021-22
% Budget
Used
Public Safety
400 Law Enforcement 9,844,040$ 9,557,446$ 12,302,638$ 11,063,140$ 90%(1,239,498)$
430 Animal Control 279,592 167,648 290,000 233,268 80%(56,732)
440 Crossing Guards 57,664 23,563 97,200 96,099 99%(1,101)
Subtotal Public Safety 10,181,297 9,748,658 12,689,838 11,392,506 90%(1,297,332)
Total General Fund Expenditures 22,751,213 21,943,011 36,133,217 33,447,207 93%(2,686,010)
TOTAL NET REVENUE 5,258,863 26,272,415 39,249,062 34,506,563 (4,742,499)
OTHER PURPOSE GENERAL FUNDS
RESTRICTED STRUCTURAL FIRE FUND
Revenues
Property Taxes (Restricted for Fire Serv 6,767,148$ 7,289,292$ 7,298,931$ 7,601,854$ 104%302,923$
Sales & Use Tax - - - - 0 -
Franchise Fees - - - - 0 -
Other Taxes - - - - 0 -
License, Permits & Fees 208,613 154,718 165,000 94,451 57%(70,549)
Fines, Penalties & Forfeitures 13,008 25,979 13,000 - 0%(13,000)
Intergovernmental - - - - 0 -
Use of Money & Property 498,969 2,927 95,000 (1,616) -2%(96,616)
Miscellaneous 24,932 - - - 0 -
Transfers - 167,660 - - 0 -
Total Fire Fund Revenues 7,512,670 7,640,575 7,571,931 7,694,689 102%122,758
Expenditures
Public Safety
290 General Government 249,111$ 253,044$ 257,500$ 262,228$ 102%4,728$
295 Building Maintenance - 15,032 196,747 184,581 94%(12,166)
320 Engineering - 256 0 808 0%808
420 Fire Services 6,094,096 5,579,360 6,438,238 5,770,182 90%(668,056)
Total Fire Fund Expenditures 6,343,207 5,847,693 6,892,484 6,217,798 90%(674,686)
TOTAL FIRE FUND NET REVENUE 1,169,463 1,792,882 679,447 1,476,891 797,444
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 98% Reported
Fiscal Year 2021-22Interim Financial Report | QUARTER FOUR ending June 30, 2022 | 12 months
General Fund Operating Summary
Restated
Audited
Actuals
Restated
Audited Actuals
Adjusted
Budget Actuals
Amount
Over(Under)
Budget
Description 2019-20 2020-21 2021-22 6/30/2022 2021-22
GENERAL FUND
Operating Revenues
Property Taxes 3,189,147$ 3,526,028$ 3,445,652$ 3,662,139$ 106%216,487$
Sales & Use Tax 10,348,979 11,620,058 11,700,000 11,910,286 102%210,286
Franchise Fees 1,644,840 $1,937,579 1,647,000 1,971,912 120%324,912
Property Transfer Tax - - 0 - 0%-
License, Permits & Fees 3,181,576 2,885,193 2,840,010 2,333,526 82%(506,484)
Fines, Penalties & Forfeitures 647,721 583,856 490,000 567,641 116%77,641
Intergovernmental 6,301,448 5,804,854 6,099,611 6,367,511 104%267,900
Use of Money & Property 1,576,335 1,864,309 500,000 557,371 111%57,371
Miscellaneous 488,523 (719,323) 716,500 772,062 108%55,562
Transfers In 631,506 17,886 283,287 57,239 20%(226,048)
Total General Fund Operating Revenues 28,010,076 27,520,440 27,722,060 28,199,687 102%477,627
Operating Expenditures
Salaries 2,319,254$ 2,642,258$ 4,882,410$ 3,827,275$ 78%(1,055,135)$
Benefits 839,191 1,081,972 1,611,200 1,358,889 84%(252,311)
Staff Development - - 0 - 0%-
Contract Services 12,590,458 12,106,951 15,302,798 13,900,765 91%(1,402,033)
Maintenance 145,799 105,619 256,146 205,290 80%(50,857)
Operations 3,202,635 2,644,003 4,253,050 3,191,127 75%(1,061,923)
Capital Outlay 958,270 (714,082) 260,394 187,826 72%(72,568)
Debt Service 1,314,367 1,130,459 957,500 1,246,831 130%289,331
Transfers Out 468,699 466,884 602,564 503,127 83%(99,437)
Total General Fund Expenditures 21,838,673 19,464,063 28,126,063 24,421,130 87%(3,704,933)
NET OPERATING REVENUE 6,171,403 8,056,376 (404,003) 3,778,557
Non-Operating Revenues
Franchise Fees (Retention Fees)-$ $4,000,000 -$ -$ 0%-$
Sales Tax - 16,500,000 40,300,000 32,800,000 81%(7,500,000)
Miscellaneous GASB 87 - 956,618 - - 0%-
Use of Money and Property (Unrealized Gain)- (761,631) - (406,136) 0%(406,136)
Transfers In (ARPA SLFRF)- - 7,360,219 7,360,219 100%-
Total General Fund Non-Operating Revenues - $20,694,987 47,660,219 39,754,083 83%(7,906,136)
Non-Operating Expenditures
Operations (Unrealized Loss)-$ -$ -$ 1,305,075$ 0%1,305,075$
Capital Outlay (GASB 87)- 956,618 - - 0%-
Debt Service (Tarpon Properties Payoff)- - 1,859,050 1,859,050 100%-
Transfers Out (Streetlight Payoff)- 2,330 4,197,585 3,808,933 91%(388,652)
Transfers Out (CIP)912,540 1,520,000 1,950,519 2,053,019 105%102,500
Total General Fund Non-Operating Expenditures 912,540 2,478,948 8,007,154 9,026,077 113%1,018,923
NET NON-OPERATING REVENUE (912,540) 18,216,039 39,653,065 30,728,006
%
Budget
Used
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 98% Reported
Fiscal Year 2021-22Interim Financial Report | QUARTER FOUR ending June 30, 2022 | 12 months
General Fund Operating Summary
Restated
Audited
Actuals
Restated
Audited Actuals
Adjusted
Budget Actuals
Amount
Over(Under)
Budget
Description 2019-20 2020-21 2021-22 6/30/2022 2021-22
%
Budget
Used
OTHER PURPOSE GENERAL FUNDS
RESTRICTED STRUCTURAL FIRE FUND
Operating Revenues
Property Taxes (Restricted for Fire Services)6,767,148$ 7,289,292$ 7,298,931$ 7,601,854$ 104%302,923$
Sales & Use Tax - 0 0 0 0%-
Franchise Fees - 0 0 0 0%-
Other Taxes - 0 0 0 0%-
License, Permits & Fees 208,613 154,718 165,000 94,451 57%(70,549)
Fines, Penalties & Forfeitures 13,008 25,979 13,000 0 0%(13,000)
Intergovernmental - 0 0 0 0%-
Use of Money & Property 498,969 2,927 95,000 (1,616)-2%(96,616)
Miscellaneous 24,932 0 0 0 0%-
Transfers - 167,660 0 0 0%-
Total Fire Fund Revenues 7,512,670 7,640,575 7,571,931 7,694,689 102%122,758
Operating Expenditures
Salaries -$ 797$ -$ 808$ 0%808$
Benefits - 107 0 0 0%-
Staff Development - 0 0 0 0%-
Contract Services 5,795,290 5,463,946 6,213,787 5,654,282 91%(559,505)
Maintenance 191,629 52,275 52,364 56,463 108%4,100
Operations 77,374 78,136 283,834 447,634 158%163,800
Capital Outlay 29,687 0 85,000 38,200 45%(46,800)
Debt Service 249,111 252,432 257,500 262,228 102%4,728
Transfers Out 115 0 0 0 0%-
Subtotal General Fund Expenditures 6,343,207 5,847,693 6,892,484 6,459,615 94%(432,869)
NET OPERATING REVENUE 1,169,463 1,792,882 679,447 1,235,074
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 98% Reported
Fiscal Year 2021-22Interim Financial Report | QUARTER FOUR ending June 30, 2022 | 12 months
Other Funds Summary
*Data includes transfers Restated
Audited
Actuals
Restated
Audited
Actuals
Adjusted
Budget Actuals
Amount
Over(Under)
Budget
Description 2019-20 2020-21 2021-22 6/30/2022 2021-22
OTHER FUNDS
Revenues
200 Gas Tax 3,353,491$ 1,437,826$ 1,730,150$ 1,604,905$ 93%(125,245)$
205 SB1 1,179,586 1,228,573 1,299,400 1,378,406 106%79,006
206 Area Drainage Plan (ADP)906,050 (2,060) 8,000 (493) -6%(8,493)
210 Measure A 1,564,879 1,834,932 1,507,000 2,007,954 133%500,954
211 TDA Fund - - 432,500 - 0%(432,500)
220 AQMD 111,388 91,756 150,865 143,575 95%(7,290)
230 Grants: Law Enforcement Grants - - - - 0%-
240 Grants: Miscellaneous Grants Fund 819,960 390,183 2,679,750 668,027 25%(2,011,723)
241 Grants: Coronavirus Relief Fund 31,197 788,813 - - 0%-
242 Grants: American Rescue Plan Act Fund - - 3,680,110 7,360,219 200%3,680,110
243 Public, Educational, or Governmental Access Fund - 515 500 2,188 438%1,688
250 Grants: Community Development Block Grant 198,827 - 165,000 - 0%(165,000)
260 Local Law Enforcement Services 156,652 157,695 120,000 165,428 138%45,428
270 TUMF Reimbursement Fund 1,557,603 - - - 0%-
290 Transportation DIF 229,580 115,440 192,500 119,761 62%(72,739)
291 Fire DIF 59,997 54,388 76,000 46,690 61%(29,310)
292 Public Facilities DIF 705,484 397,553 551,500 102,648 19%(448,852)
293 Road and Bridge Benefit District 491,919 84,487 80,000 (3,525) -4%(83,525)
300 LLMD 89-1 Zone 10 3,070 3,188 3,820 3,820 100%(0)
301 LLMD 89-1 Zone 33 5,924 (21,661) 2,670 1,171 44%(1,499)
302 LLMD 89-1 Zone 41 200,281 188,123 188,248 171,435 91%(16,813)
303 LLMD 89-1 Zone 79 3,299 2,367 2,750 2,593 94%(157)
304 LLMD 89-1 Zone 85 1,101 1,091 3,110 3,008 97%(102)
305 LLMD 89-1 Zone 111 26,109 25,513 26,070 23,997 92%(2,073)
306 LLMD 89-1 Zone 115 4,510 2,807 3,720 3,726 100%6
307 LLMD 89-1 Zone 116 8,868 8,553 8,933 8,031 90%(902)
308 LLMD 89-1 Zone 147 972 198 1,553 1,552 100%(1)
309 LLMD 89-1 Zone 151 6,143 6,393 7,660 7,659 100%(1)
310 LLMD 89-1 Zone 156 4,687 4,722 5,750 5,750 100%(0)
311 Benefit Assessment District 2014-2 4,706 4,776 12,494 12,563 101%69
312 LLMD 2014-1 3,892 3,781 19,406 4,645 24%(14,761)
313 LLMD 2014-3 3,255 3,313 8,370 4,016 48%(4,354)
314 LLMD 2014-4 2,009 2,078 6,920 2,377 34%(4,543)
315 Community Facilities District 2019-1 6,575 9,284 6,000 10,162 169%4,162
400 Community Facilities District 2017-1 70,975 73,612 34,400 74,687 217%40,287
401 Community Facilities District 2017-2 18,193 33,308 17,700 43,192 244%25,492
402 Community Facilities District 2020-1 - 72,863 36,100 73,900 205%37,800
403 LMD 98-2 ORIGINAL - - - 16,614 0%16,614
404 LMD 98-2 ANNEX 01/Zone A - - - 2,006 0%2,006
405 LMD 98-2 ANNEX 02/Zone B - - - 41,892 0%41,892
406 LMD 98-2 ANNEX 03/Zone C - - - 4,299 0%4,299
407 LMD 98-2 ANNEX 04/Zone D - - - 6,233 0%6,233
408 LMD 98-2 ANNEX 06/Zone F - - - 29,479 0%29,479
409 LMD 2001-1 Zone G - - - 1,860 0%1,860
410 LMD 2001-1 Zone S - - - 2,418 0%2,418
411 LMD 2001-1 Zone W - - - 20,319 0%20,319
412 LMD 2001-2 Zone A - - - 49,084 0%49,084
413 LMD 2001-2 Zone B - - - 26,323 0%26,323
414 LMD 2001-2 Zone C - - - 1,422 0%1,422
415 LMD 2001-2 Zone D - - - 17,281 0%17,281
% Budget
Used
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 98% Reported
Fiscal Year 2021-22Interim Financial Report | QUARTER FOUR ending June 30, 2022 | 12 months
Other Funds Summary
*Data includes transfers Restated
Audited
Actuals
Restated
Audited
Actuals
Adjusted
Budget Actuals
Amount
Over(Under)
Budget
Description 2019-20 2020-21 2021-22 6/30/2022 2021-22
% Budget
Used
416 LMD 2001-2 Zone F - - - 3,124 0%3,124
417 LMD 2001-2 Zone G - - - 26,451 0%26,451
418 LMD 2001-2 Zone H - - - 39,841 0%39,841
419 LMD 2001-2 Zone J - - - 27,339 0%27,339
420 LMD 2001-2 Zone K - 0 - 1,953 0%1,953
421 LMD 2001-2 Zone M - - - 2,313 0%2,313
422 LMD 2001-3 Zone A - - - 3,901 0%3,901
423 LMD 2001-3 Zone B - - - 3,372 0%3,372
424 LMD 2001-3 Zone C - - - 22,447 0%22,447
425 LMD 2001-3 Zone D - - - 45,651 0%45,651
426 LMD 2001-3 Zone E - - - 100,068 0%100,068
427 LMD 2001-3 Zone F - - - 38,146 0%38,146
428 LMD 2001-3 Zone G - - - 3,433 0%3,433
429 LMD 2001-3 Zone H - - - 15,431 0%15,431
430 LMD 2001-3 Zone I - (0) - 61,636 0%61,636
431 LMD 2001-3 Zone J - - - 17,621 0%17,621
432 LMD 2001-3 Zone K - - - 17,999 0%17,999
433 LMD 2001-3 Zone L - - - 19,033 0%19,033
434 LMD 2001-3 Zone M - - - 55,732 0%55,732
435 LMD 2001-3 Zone N - - - 40,754 0%40,754
436 LMD 2001-3 Zone O - - - 6,567 0%6,567
437 LMD 2001-3 Zone P - - - 38,444 0%38,444
438 LMD 2001-3 Zone Q - - - 15,384 0%15,384
439 LMD 2001-3 Zone R - - - 1,847 0%1,847
440 LMD 2001-3 Zone S - 0 - 7,420 0%7,420
441 LMD 2001-3 Zone T - - - 56,935 0%56,935
442 LMD 2001-3 Zone U - - - 37,518 0%37,518
443 LMD 2001-3 Zone V - - - 63,250 0%63,250
444 LMD 2001-3 Zone W - - - 19,436 0%19,436
445 LMD 2001-3 Zone X - - - 5,511 0%5,511
446 LMD 2001-3 Zone Y - - - 9,199 0%9,199
447 LMD 2001-3 Zone Z - - - 10,172 0%10,172
448 LMD 2001-3 Zone AA - - - 6,459 0%6,459
449 LMD 2001-3 Zone BB - - - 5,998 0%5,998
450 LMD 2001-3 Zone CC - - - 23,545 0%23,545
451 LMD 2001-3 Zone DD - - - 50,804 0%50,804
452 LMD 2001-3 Zone EE - - - 24,718 0%24,718
453 LMD 2001-3 Zone FF - - - 30,352 0%30,352
454 LMD 2001-3 Zone GG - - - 15,361 0%15,361
455 LMD 2001-3 Zone HH - - - 12,318 0%12,318
456 LMD 2001-3 Zone II - - - 27,610 0%27,610
457 LMD 2001-3 Zone JJ - - - 4,936 0%4,936
458 LMD 2001-3 Zone KK - - - 2,840 0%2,840
459 LMD 2001-3 Zone LL - - - 10,706 0%10,706
460 LMD 2001-3 Zone MM - - - 8,127 0%8,127
461 LMD 2001-3 Zone NN - - - 19,058 0%19,058
462 LMD 2001-3 Zone OO - - - 18,801 0%18,801
463 LMD 2001-3 Zone PP - - - 22,117 0%22,117
464 LMD 2001-3 Zone QQ - - - 8,646 0%8,646
465 LMD 2001-3 Zone RR - - - 57,350 0%57,350
466 LMD 2001-3 Zone SS - - - 21,352 0%21,352
467 LMD 2001-3 Zone TT - - - 9,115 0%9,115
468 LMD 2001-3 Zone UU - - - 7,013 0%7,013
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 98% Reported
Fiscal Year 2021-22Interim Financial Report | QUARTER FOUR ending June 30, 2022 | 12 months
Other Funds Summary
*Data includes transfers Restated
Audited
Actuals
Restated
Audited
Actuals
Adjusted
Budget Actuals
Amount
Over(Under)
Budget
Description 2019-20 2020-21 2021-22 6/30/2022 2021-22
% Budget
Used
469 LMD 2001-3 Zone VV - - - 5,913 0%5,913
470 LMD 2001-3 Zone WW - - - 24,557 0%24,557
471 LMD 2001-3 Zone XX - - - 3,485 0%3,485
472 LMD 2001-3 Zone YY - - - 27,198 0%27,198
473 LMD 2001-3 Zone ZZ - - - 10,999 0%10,999
474 LMD 2001-3 Zone AAA - - - 47,875 0%47,875
475 LMD 2001-3 Zone BBB - - - 30,633 0%30,633
476 LMD 2001-3 Zone CCC - - - 65,649 0%65,649
477 LMD 2001-3 Zone DDD - - - 56,156 0%56,156
478 LMD 2001-3 Zone EEE - - - 6,178 0%6,178
479 LMD 2001-3 Zone FFF - - - 54,422 0%54,422
480 LMD 2001-3 Zone GGG - - - 19,667 0%19,667
481 LMD 2001-3 Zone HHH - - - 828 0%828
482 LMD 2001-3 Zone III - - - 26,775 0%26,775
483 LMD 2001-3 Zone JJJ - - - 31,039 0%31,039
484 LMD 2001-3 Zone LLL - - - 6,082 0%6,082
485 LMD 2001-3 Zone MMM - - - 20,021 0%20,021
486 Illumination District No 2 Subarea 35 - - - 8,738 0%8,738
487 Illumination District No 2 Subarea 42 - - - 2,511 0%2,511
488 Illumination District No 2 Subarea 46 - - - 9,323 0%9,323
489 Illumination District No 2 Subarea 49 - - - 11,825 0%11,825
490 Illumination District No 2 Subarea 55 - - - 2,341 0%2,341
500 Debt Service 468,699 468,699 4,277,633 4,277,633 100%-
600 Capital Projects 952,768 1,520,007 2,054,019 2,053,029 100%(990)
700 Information Technology - - 388,652 - 0%(388,652)
Total Other Fund Revenues 13,162,651 8,993,118 19,789,253 22,281,330 113%2,880,730
Expenditures
200 Gas Tax 1,762,822$ 4,240,697$ 3,488,576$ 1,870,769$ 54%(1,617,807)$
205 SB1 18,843 1,334,718 1,781,474 1,785,096 100%3,622
206 Area Drainage Plan (ADP)- 487 300,000 3,500 1%(296,500)
210 Measure A 1,753,606 604,674 3,676,549 1,829,024 50%(1,847,525)
211 TDA Fund - - 432,500 92,892 21%(339,608)
220 AQMD 3,015 25,430 71,722 116,511 162%44,789
230 Law Enforcement Grants - - - - 0%-
240 Grants: Miscellaneous Grants Fund 871,267 381,717 2,721,652 520,597 19%(2,201,055)
241 Grants: Coronavirus Relief Fund 31,197 788,813 - - 0%-
242 Grants: American Rescue Plan Act Fund - - 7,360,219 7,360,219 100%-
243 Public, Educational, or Governmental Access Fund - - - - 0%-
250 Grants: Community Development Block Grant (82,879) - 100,000 - 0%(100,000)
260 Local Law Enforcement Services 199,152 157,746 - - 0%-
270 TUMF Reimbursement Fund 1,557,661 263,986 2,000,000 335,792 17%(1,664,208)
290 Transportation DIF 1,796,100 92 3,850 - 0%(3,850)
291 Fire DIF 1,163 - 1,520 - 0%(1,520)
292 Public Facilities DIF 3,632 656,148 11,030 242 2%(10,788)
293 Road and Bridge Benefit District 227 160,802 240,000 131,105 55%(108,895)
300 LLMD 89-1 Zone 10 152 1,414 1,642 508 31%(1,134)
301 LLMD 89-1 Zone 33 121 334 982 315 32%(667)
302 LLMD 89-1 Zone 41 13,867 15,601 169,650 57,210 34%(112,440)
303 LLMD 89-1 Zone 79 1,337 1,430 2,505 2,717 108%212
304 LLMD 89-1 Zone 85 113 151 2,890 705 24%(2,185)
305 LLMD 89-1 Zone 111 8,923 10,954 23,925 17,153 72%(6,772)
306 LLMD 89-1 Zone 115 10,874 7,143 5,820 12,838 221%7,018
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 98% Reported
Fiscal Year 2021-22Interim Financial Report | QUARTER FOUR ending June 30, 2022 | 12 months
Other Funds Summary
*Data includes transfers Restated
Audited
Actuals
Restated
Audited
Actuals
Adjusted
Budget Actuals
Amount
Over(Under)
Budget
Description 2019-20 2020-21 2021-22 6/30/2022 2021-22
% Budget
Used
307 LLMD 89-1 Zone 116 3,623 3,786 4,220 5,799 137%1,579
308 LLMD 89-1 Zone 147 2,947 3,026 2,675 4,315 161%1,640
309 LLMD 89-1 Zone 151 11,934 14,884 11,535 15,413 134%3,878
310 LLMD 89-1 Zone 156 8,940 8,991 9,530 10,803 113%1,273
311 Benefit Assessment District 2014-2 3,032 3,233 12,505 6,701 54%(5,804)
312 LLMD 2014-1 2,048 2,187 19,190 6,612 34%(12,578)
313 LLMD 2014-3 2,222 2,374 7,760 4,422 57%(3,338)
314 LLMD 2014-4 851 909 6,560 2,230 34%(4,330)
315 Community Facilities District 2019-1 2,403 3,208 2,620 3,840 147%1,220
400 Community Facilities District 2017-1 2,459 3,282 9,400 4,079 43%(5,321)
401 Community Facilities District 2017-2 2,503 17,709 25,300 19,822 78%(5,478)
402 Community Facilities District 2020-1 4,726 10,258 90,713 83,539 92%(7,174)
403 LMD 98-2 ORIGINAL - - - 1,599 0%1,599
404 LMD 98-2 ANNEX 01/Zone A - - - 4,197 0%4,197
405 LMD 98-2 ANNEX 02/Zone B - - - 28,806 0%28,806
406 LMD 98-2 ANNEX 03/Zone C - - - 4,028 0%4,028
407 LMD 98-2 ANNEX 04/Zone D - - - 8,607 0%8,607
408 LMD 98-2 ANNEX 06/Zone F - - - 2,718 0%2,718
409 LMD 2001-1 Zone G - - - 135 0%135
410 LMD 2001-1 Zone S - - - 324 0%324
411 LMD 2001-1 Zone W - - - 6,174 0%6,174
412 LMD 2001-2 Zone A - - - 3,033 0%3,033
413 LMD 2001-2 Zone B - - - 2,632 0%2,632
414 LMD 2001-2 Zone C - - - 124 0%124
415 LMD 2001-2 Zone D - - - 1,768 0%1,768
416 LMD 2001-2 Zone F - - - 507 0%507
417 LMD 2001-2 Zone G - - - 1,450 0%1,450
418 LMD 2001-2 Zone H - - - 4,460 0%4,460
419 LMD 2001-2 Zone J - - - 2,934 0%2,934
420 LMD 2001-2 Zone K - - - 837 0%837
421 LMD 2001-2 Zone M - - - 362 0%362
422 LMD 2001-3 Zone A - - - 18,822 0%18,822
423 LMD 2001-3 Zone B - - - 6,507 0%6,507
424 LMD 2001-3 Zone C - - - 865 0%865
425 LMD 2001-3 Zone D - - - 2,000 0%2,000
426 LMD 2001-3 Zone E - - - 4,433 0%4,433
427 LMD 2001-3 Zone F - - - 187 0%187
428 LMD 2001-3 Zone G - - - 2,379 0%2,379
429 LMD 2001-3 Zone H - - - 1,052 0%1,052
430 LMD 2001-3 Zone I - - - 5,479 0%5,479
431 LMD 2001-3 Zone J - - - 1,552 0%1,552
432 LMD 2001-3 Zone K - - - 2,476 0%2,476
433 LMD 2001-3 Zone L - - - 1,904 0%1,904
434 LMD 2001-3 Zone M - - - 3,211 0%3,211
435 LMD 2001-3 Zone N - - - 7,192 0%7,192
436 LMD 2001-3 Zone O - - - 277 0%277
437 LMD 2001-3 Zone P - - - 1,582 0%1,582
438 LMD 2001-3 Zone Q - - - 801 0%801
439 LMD 2001-3 Zone R - - - 211 0%211
440 LMD 2001-3 Zone S - - - 310 0%310
441 LMD 2001-3 Zone T - - - 2,263 0%2,263
442 LMD 2001-3 Zone U - - - 1,720 0%1,720
443 LMD 2001-3 Zone V - - - 2,664 0%2,664
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 98% Reported
Fiscal Year 2021-22Interim Financial Report | QUARTER FOUR ending June 30, 2022 | 12 months
Other Funds Summary
*Data includes transfers Restated
Audited
Actuals
Restated
Audited
Actuals
Adjusted
Budget Actuals
Amount
Over(Under)
Budget
Description 2019-20 2020-21 2021-22 6/30/2022 2021-22
% Budget
Used
444 LMD 2001-3 Zone W - - - 931 0%931
445 LMD 2001-3 Zone X - - - 239 0%239
446 LMD 2001-3 Zone Y - - - 388 0%388
447 LMD 2001-3 Zone Z - - - 425 0%425
448 LMD 2001-3 Zone AA - - - 289 0%289
449 LMD 2001-3 Zone BB - - - 224 0%224
450 LMD 2001-3 Zone CC - - - 2,361 0%2,361
451 LMD 2001-3 Zone DD - - - 2,492 0%2,492
452 LMD 2001-3 Zone EE - - - 1,276 0%1,276
453 LMD 2001-3 Zone FF - - - 2,923 0%2,923
454 LMD 2001-3 Zone GG - - - 647 0%647
455 LMD 2001-3 Zone HH - - - 522 0%522
456 LMD 2001-3 Zone II - - - 1,099 0%1,099
457 LMD 2001-3 Zone JJ - - - 204 0%204
458 LMD 2001-3 Zone KK - - - 1,214 0%1,214
459 LMD 2001-3 Zone LL - - - 444 0%444
460 LMD 2001-3 Zone MM - - - 660 0%660
461 LMD 2001-3 Zone NN - - - 780 0%780
462 LMD 2001-3 Zone OO - - - 831 0%831
463 LMD 2001-3 Zone PP - - - 1,029 0%1,029
464 LMD 2001-3 Zone QQ - - - 407 0%407
465 LMD 2001-3 Zone RR - - - 2,465 0%2,465
466 LMD 2001-3 Zone SS - - - 889 0%889
467 LMD 2001-3 Zone TT - - - 463 0%463
468 LMD 2001-3 Zone UU - - - 260 0%260
469 LMD 2001-3 Zone VV - - - 329 0%329
470 LMD 2001-3 Zone WW - - - 1,069 0%1,069
471 LMD 2001-3 Zone XX - - - 323 0%323
472 LMD 2001-3 Zone YY - - - 2,554 0%2,554
473 LMD 2001-3 Zone ZZ - - - 463 0%463
474 LMD 2001-3 Zone AAA - - - 1,940 0%1,940
475 LMD 2001-3 Zone BBB - - - 1,414 0%1,414
476 LMD 2001-3 Zone CCC - - - 3,708 0%3,708
477 LMD 2001-3 Zone DDD - - - 2,496 0%2,496
478 LMD 2001-3 Zone EEE - - - 33 0%33
479 LMD 2001-3 Zone FFF - - - 2,265 0%2,265
480 LMD 2001-3 Zone GGG - - - 1,079 0%1,079
481 LMD 2001-3 Zone HHH - - - 2,030 0%2,030
482 LMD 2001-3 Zone III - - - 3,489 0%3,489
483 LMD 2001-3 Zone JJJ - - - 1,347 0%1,347
484 LMD 2001-3 Zone LLL - - - 7,900 0%7,900
485 LMD 2001-3 Zone MMM - - - 944 0%944
486 Illumination District No 2 Subarea 35 - - - 1,198 0%1,198
487 Illumination District No 2 Subarea 42 - - - 395 0%395
488 Illumination District No 2 Subarea 46 - - - 1,153 0%1,153
489 Illumination District No 2 Subarea 49 - - - 1,419 0%1,419
490 Illumination District No 2 Subarea 55 - - - 255 0%255
500 Debt Service 468,699 467,960 4,277,632 4,510,719 105%233,087
600 Capital Projects 408,263 609,510 3,961,000 1,012,390 26%(2,948,610)
700 Information Technology - - - 10,000 0%10,000
Total Other Fund Expenditures 8,875,845 9,803,655 30,837,147 20,041,723 65%(10,805,423)
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 98% Reported
Fiscal Year 2021-22Interim Financial Report | QUARTER FOUR ending June 30, 2022 | 12 months
Available Resources Summary
Restated Audited
Fund Balance
Restated Audited
Fund Balance Revenue Actuals
Expenditure
Actuals
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$ 67,953,770$ 33,447,207$ 96,360,725$
TOTAL General Funds 36,539,651 61,854,162 67,953,770 33,447,207 96,360,725
OTHER PURPOSE GENERAL FUNDS
110 Restricted Structural Fire Fund 11,445,158$ 13,238,041$ 7,694,689$ 6,459,615$ 14,473,114$
TOTAL Other Purpose General Funds 11,445,158 13,238,041 7,694,689 6,459,615 14,473,114
SPECIAL REVENUE FUNDS
200 Gas Tax Fund 6,346,814$ 3,543,943$ 1,604,905$ 1,870,769$ 3,278,078$
205 Road Maintenance and Rehabilitation Fund 1,249,341 1,143,195 1,378,406 1,785,096 736,505
206 Area Drainage Plan (ADP)906,050 903,503 (493) 3,500 899,511 210 Measure A Fund 3,120,285 4,350,543 2,007,954 1,829,024 4,529,473 211 TDA Fund - - - 92,892 (92,892)
220 Air Quality Management District 427,465 493,791 143,575 116,511 520,855 230 Law Enforcement Grants - - - - - 240 Grants: Miscellaneous Grants Fund 971 (162,796) 668,027 520,597 (15,366)
241 Grants: Coronavirus Relief Fund - - - - -
242 Grants: American Rescue Plan Act Fund - - 7,360,219 7,360,219 - 243 Public, Educational, or Governmental Access Fund - - - - - 250 Grants: Community Development Block Grant (7) (7) - - (7)
260 Local Law Enforcement Services 51 - 165,428 - 165,428
270 TUMF Reimbursement Find (58) (281,100) - 335,792 (616,892) 290 DIF Transportation Facilities Fund 443,538 310,602 119,761 - 430,363 291 DIF Fire Facilities Fund 446,130 500,518 46,690 - 547,208
292 DIF Public Facilities Fund 755,431 496,836 102,648 242 599,242 293 Road and Bridge Benefit District 6,521,727 6,445,412 (3,525) 131,105 6,310,782 300 LLMD 89-1 Zone 10 (9,154) (7,381) 3,820 508 (4,069)
301 LLMD 89-1 Zone 33 28,459 6,464 1,171 315 7,320
302 LLMD 89-1 Zone 41 1,527,671 1,701,381 171,435 57,210 1,815,606 303 LLMD 89-1 Zone 79 15,629 16,580 2,593 2,717 16,456 304 LLMD 89-1 Zone 85 27,806 28,766 3,008 705 31,069
305 LLMD 89-1 Zone 111 147,718 162,397 23,997 17,153 169,240
306 LLMD 89-1 Zone 115 (14,759) (19,095) 3,726 12,838 (28,207) 307 LLMD 89-1 Zone 116 54,933 59,745 8,031 5,799 61,976 308 LLMD 89-1 Zone 147 (2,253) (3,448) 1,552 4,315 (6,212)
309 LLMD 89-1 Zone 151 (34,509) (43,000) 7,659 15,413 (50,753) 310 LLMD 89-1 Zone 156 (13,199) (17,467) 5,750 10,803 (22,520) 311 Benefit Assessment District 2014-2 7,184 8,727 12,563 6,701 14,588
312 LLMD 2014-1 5,981 7,576 4,645 6,612 5,608
313 LLMD 2014-3 3,810 4,748 4,016 4,422 4,343 314 LLMD 2014-4 4,559 5,729 2,377 2,230 5,876 315 Community Facilities District 2019-1 (13,051) (6,975) 10,162 3,840 (654)
400 Community Facilities District 2017-1 118,478 188,809 74,687 4,079 259,417 401 Community Facilities District 2017-2 14,923 30,523 43,192 19,822 53,893 402 Community Facilities District 2020-1 - 62,605 73,900 83,539 52,966
403 LMD 98-2 ORIGINAL - - 16,614 1,599 15,016
404 LMD 98-2 ANNEX 01/Zone A - - 2,006 4,197 (2,191) 405 LMD 98-2 ANNEX 02/Zone B - - 41,892 28,806 13,087 406 LMD 98-2 ANNEX 03/Zone C - - 4,299 4,028 272
407 LMD 98-2 ANNEX 04/Zone D - - 6,233 8,607 (2,374) 408 LMD 98-2 ANNEX 06/Zone F - - 29,479 2,718 26,761 409 LMD 2001-1 Zone G - - 1,860 135 1,725
410 LMD 2001-1 Zone S - - 2,418 324 2,094
411 LMD 2001-1 Zone W - - 20,319 6,174 14,145 412 LMD 2001-2 Zone A - - 49,084 3,033 46,051 413 LMD 2001-2 Zone B - - 26,323 2,632 23,692
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 98% Reported
Fiscal Year 2021-22Interim Financial Report | QUARTER FOUR ending June 30, 2022 | 12 months
Available Resources Summary
Restated Audited
Fund Balance
Restated Audited
Fund Balance Revenue Actuals
Expenditure
Actuals
Estimated
Available Balance
Fund Name & Type 2019-20 2020-21 2021-22 2021-22 6/30/2022
414 LMD 2001-2 Zone C - - 1,422 124 1,297 415 LMD 2001-2 Zone D - - 17,281 1,768 15,513
416 LMD 2001-2 Zone F - - 3,124 507 2,617
417 LMD 2001-2 Zone G - - 26,451 1,450 25,001 418 LMD 2001-2 Zone H - - 39,841 4,460 35,381 419 LMD 2001-2 Zone J - - 27,339 2,934 24,405
420 LMD 2001-2 Zone K - - 1,953 837 1,116 421 LMD 2001-2 Zone M - - 2,313 362 1,951 422 LMD 2001-3 Zone A - - 3,901 18,822 (14,920)
423 LMD 2001-3 Zone B - - 3,372 6,507 (3,135)
424 LMD 2001-3 Zone C - - 22,447 865 21,582 425 LMD 2001-3 Zone D - - 45,651 2,000 43,650 426 LMD 2001-3 Zone E - - 100,068 4,433 95,635
427 LMD 2001-3 Zone F - - 38,146 187 37,959 428 LMD 2001-3 Zone G - - 3,433 2,379 1,054 429 LMD 2001-3 Zone H - - 15,431 1,052 14,379
430 LMD 2001-3 Zone I - - 61,636 5,479 56,157
431 LMD 2001-3 Zone J - - 17,621 1,552 16,069 432 LMD 2001-3 Zone K - - 17,999 2,476 15,524 433 LMD 2001-3 Zone L - - 19,033 1,904 17,129
434 LMD 2001-3 Zone M - - 55,732 3,211 52,521
435 LMD 2001-3 Zone N - - 40,754 7,192 33,562 436 LMD 2001-3 Zone O - - 6,567 277 6,290 437 LMD 2001-3 Zone P - - 38,444 1,582 36,861
438 LMD 2001-3 Zone Q - - 15,384 801 14,583 439 LMD 2001-3 Zone R - - 1,847 211 1,636 440 LMD 2001-3 Zone S - - 7,420 310 7,110
441 LMD 2001-3 Zone T - - 56,935 2,263 54,672
442 LMD 2001-3 Zone U - - 37,518 1,720 35,798 443 LMD 2001-3 Zone V - - 63,250 2,664 60,586 444 LMD 2001-3 Zone W - - 19,436 931 18,505
445 LMD 2001-3 Zone X - - 5,511 239 5,272 446 LMD 2001-3 Zone Y - - 9,199 388 8,812 447 LMD 2001-3 Zone Z - - 10,172 425 9,747
448 LMD 2001-3 Zone AA - - 6,459 289 6,169
449 LMD 2001-3 Zone BB - - 5,998 224 5,773 450 LMD 2001-3 Zone CC - - 23,545 2,361 21,184 451 LMD 2001-3 Zone DD - - 50,804 2,492 48,312
452 LMD 2001-3 Zone EE - - 24,718 1,276 23,442 453 LMD 2001-3 Zone FF - - 30,352 2,923 27,429 454 LMD 2001-3 Zone GG - - 15,361 647 14,714
455 LMD 2001-3 Zone HH - - 12,318 522 11,796
456 LMD 2001-3 Zone II - - 27,610 1,099 26,511 457 LMD 2001-3 Zone JJ - - 4,936 204 4,732 458 LMD 2001-3 Zone KK - - 2,840 1,214 1,626
459 LMD 2001-3 Zone LL - - 10,706 444 10,262
460 LMD 2001-3 Zone MM - - 8,127 660 7,467 461 LMD 2001-3 Zone NN - - 19,058 780 18,279 462 LMD 2001-3 Zone OO - - 18,801 831 17,970
463 LMD 2001-3 Zone PP - - 22,117 1,029 21,087 464 LMD 2001-3 Zone QQ - - 8,646 407 8,240 465 LMD 2001-3 Zone RR - - 57,350 2,465 54,886
466 LMD 2001-3 Zone SS - - 21,352 889 20,463
467 LMD 2001-3 Zone TT - - 9,115 463 8,653 468 LMD 2001-3 Zone UU - - 7,013 260 6,753 469 LMD 2001-3 Zone VV - - 5,913 329 5,584
470 LMD 2001-3 Zone WW - - 24,557 1,069 23,488 471 LMD 2001-3 Zone XX - - 3,485 323 3,162
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 98% Reported
Fiscal Year 2021-22Interim Financial Report | QUARTER FOUR ending June 30, 2022 | 12 months
Available Resources Summary
Restated Audited
Fund Balance
Restated Audited
Fund Balance Revenue Actuals
Expenditure
Actuals
Estimated
Available Balance
Fund Name & Type 2019-20 2020-21 2021-22 2021-22 6/30/2022
472 LMD 2001-3 Zone YY - - 27,198 2,554 24,644 473 LMD 2001-3 Zone ZZ - - 10,999 463 10,536
474 LMD 2001-3 Zone AAA - - 47,875 1,940 45,935
475 LMD 2001-3 Zone BBB - - 30,633 1,414 29,219 476 LMD 2001-3 Zone CCC - - 65,649 3,708 61,941 477 LMD 2001-3 Zone DDD - - 56,156 2,496 53,661
478 LMD 2001-3 Zone EEE - - 6,178 33 6,144 479 LMD 2001-3 Zone FFF - - 54,422 2,265 52,156 480 LMD 2001-3 Zone GGG - - 19,667 1,079 18,588
481 LMD 2001-3 Zone HHH - - 828 2,030 (1,202)
482 LMD 2001-3 Zone III - - 26,775 3,489 23,286 483 LMD 2001-3 Zone JJJ - - 31,039 1,347 29,692 484 LMD 2001-3 Zone LLL - - 6,082 7,900 (1,818)
485 LMD 2001-3 Zone MMM - - 20,021 944 19,078 486 Illumination District No 2 Subarea 35 - - 8,738 1,198 7,540 487 Illumination District No 2 Subarea 42 - - 2,511 395 2,115
488 Illumination District No 2 Subarea 46 - - 9,323 1,153 8,171
489 Illumination District No 2 Subarea 49 - - 11,825 1,419 10,406 490 Illumination District No 2 Subarea 55 - - 2,341 255 2,086 TOTAL Special Revenue Funds 22,087,963 19,931,122 15,948,480 14,508,614 21,370,988
DEBT SERVICE FUND
500 General Debt Service Fund -$ 739$ 4,277,633$ 4,510,719$ (232,348)$
TOTAL Debt Service Fund - 739 4,277,633 4,510,719 (232,348)
DEBT SERVICE FUND
600 General Capital Projects Fund 876,485$ 1,786,981$ 2,053,029$ 1,012,390$ 2,827,621$ TOTAL Capital Projects Fund 876,485 1,786,981 2,053,029 1,012,390 2,827,621
INTERNAL SERVICE FUNDS
700 Information Technology Reserve Fund -$ - -$ 10,000$ (10,000)$
TOTAL Internal Service Funds - - - 10,000 (10,000)
TOTAL 70,949,256$ 96,811,044$ 97,927,601$ 59,948,545$ 134,790,100$
GENERAL FUND - FUND BALANCE RESERVES AND COMMITMENTS
Total General Fund Estimated Fund Balance at 06/30/2022 96,360,725$
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: 98% Reported
Fiscal Year 2021-22Interim Financial Report | QUARTER FOUR ending June 30, 2022 | 12 months
Available Resources Summary
Restated Audited
Fund Balance
Restated Audited
Fund Balance Revenue Actuals
Expenditure
Actuals
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 8,842,665$
RESTRICTED STRUCTURAL FIRE FUND - FUND BALANCE RESERVES AND COMMITMENTS
Total Fire Funds Estimated Fund Balance at 06/30/2022 14,473,114$
Assigned:Emergency Contingency (75% of Adopted Appropriations)4,844,711 Total Assigned Reserves 4,844,711
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 1,228,403$
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 98% Reported
Fiscal Year 2021-22Interim Financial Report | QUARTER FOUR ending June 30, 2022 | 12 months
Assigned Reserve: Contingency Calculation
Restated Audited
Fund Balance
Restated Audited
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$ 75,382,279$ 36,133,217$ 101,103,224$
TOTAL General Funds 36,539,651 61,854,162 75,382,279 36,133,217 101,103,224
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 UNAUDITED: 98% Reported
Fiscal Year 2021-22Interim Financial Report | QUARTER FOUR ending June 30, 2022 | 12 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
CITY OF EASTVALE UNAUDITED: 98% Reported
Fiscal Year 2021-22Interim Financial Report | QUARTER FOUR ending June 30, 2022 | 12 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 11,047,330 Budget:
TOTAL Sales Tax 8,297,831 9,609,575 10,348,979 28,120,058 44,710,286 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 was
included in the FY2021-22 budget. Per HdL it is likely that the true up payment will be received sometime in the 2022-23
fiscal year.
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov