FISCAL YEAR 2022-23, QUARTER 2 ENDING DECEMBER 31, 2022K INDNES S. G R I T . S O LUTI ON S-DRI VE N.
F I SCAL YEAR 2 022 -2 023
INTERIM FINANCIAL REPORT
QUARTER TWO | 6 MONTHS
CITY OF E A S T V A L E
C AL I F ORNI A
Executive Summary
City of Eastvale UNAUDITED Fiscal Year 2022-23 Interim Financial Report | QUARTER TWO ending December 31, 2022 | 6 months, 45% Reported
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 2
REPORT OVERVIEW
On June 22, 2022, the City Council adopted the Fiscal Year 2022-23 budget. The interim financial report is prepared by the
Finance Department and contains informa�on related to the fiscal year 2022-23 budget and actual ac�vity for revenues
and expenditures for the 6-month period ending December 31, 2022. The figures contained in this report are audited for
fiscal year 2021-22 and unaudited for the 2022-23 fiscal year. The informa�on in this report does not include Mid-Year
appropria�ons, which the City Council adopted a�er the close of the period ending December 31, 2022.
QUARTER 2 HIGHLIGHTS: Key changes impacting the city during the second quarter of fiscal year 2022-23
Prior Fiscal Year Notes: The city ended the prior fiscal year with a budget surplus of $34.2 million. The surplus is due
to several factors. The overwhelming majority of the surplus is due to an increase 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 normal annual budget savings through the Riverside Sheriff Office contract
and the City’s use of American Rescue Plan Act grant funds for law enforcement contract costs.
Second Quarter Notes: The second quarter of the fiscal year typically provides a beter review of the city’s financials
as compared to the first quarter, which has the least amount of data on budget performance. The city pays invoices
within a 45-60 day window, meaning many payments for November and December have not been processed by
December 31st. Addi�onally, most revenues are received a�er the start of the new calendar year. As a result, the
second quarter report provides beter data than the first quarter report, however some major invoices for contract
services have not been received.
Fund Balance: The city is projected to complete the year with $120.08 million in fund balance in the General Fund. A
litle over $15.57 million is set aside as an assigned emergency reserve for opera�ons. A total of $98.66 million has
been commited by the City Council for the Civic Center project and other capital reserves. The es�mated remaining
$5.86 million of unassigned fund balance is available to cover nega�ve fund balances in other governmental funds.
The Fire Fund is projected to finish the fiscal year with $14.78 million in fund balance. An assigned emergency reserve
of $5.75 million is set aside for opera�ons, an addi�onal $8.0 million is commited for the future third fire sta�on, and
$400,000 is commited as an equipment replacement reserve. The remaining $627,050 is considered 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 two ending December 31, 2020, has not yet been received. HdL originally believed
the true up would be received in the 2021-22 fiscal year, however the State has s�ll not reallocated the payment. The
true-up is es�mated at $8.0 million. More detail regarding sales tax 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, 2021-22 and expects to exceed the limit
for 2022-23. 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
budget and mid-year processes. The City Council commited funds that exceeded the limit towards capital outlay.
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
Other Funds Revenue and Expenditure Summary
City-Wide Fund Balances
Assigned Reserve, Con�ngency Calcula�on
Appropria�ons Limit Summary
Sales Tax Quarterly Summary
Executive Summary
City of Eastvale UNAUDITED Fiscal Year 2022-23 Interim Financial Report | QUARTER TWO ending December 31, 2022 | 6 months, 45% Reported
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 3
Accounting Methods
The figures presented in this execu�ve summary and the atached reports reflect general ledger balances as of December
31, 2022. Approximately 45% 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. The figures in this report
represent the audited figures for June 30, 2022, and the Finance Department’s best es�mate of revenues and expenditures
for December 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 expenditure
appropria�ons shall not exceed the total of
es�mated revenues. In the adopted fiscal year
2022-23 budget, total General Fund expenditure
appropria�ons did not exceed revenues and the
total amended budget surplus totals $24.0
million. Details regarding the city’s opera�ng
statement can be found on page six and in the
Atachment General Fund Opera�ng Summary.
Net Revenue/Change in Fund Balance - The
General Fund will likely complete the fiscal year
with $24.0 million in net revenue, also called a
budget surplus (revenue minus expenditures), for
the fiscal year 2022-23. The majority of these
funds have been allocated towards capital infrastructure reserves; these reserves were iden�fied during the 2022-23
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 monthly es�mated sales tax advance installments 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
General Fund Overview 6-Months Ended December 31, 2022
General Fund
Overview
Amended
Budget
Actual
Ac�vity
%
Revenues 63,709,435 23,838,234 37%
Expenditures 39,715,112 7,405,985 19%
Surplus (Deficit) 23,994,323 16,432,250
0
10
20
30
40
50
60
70
80
2020-21 Actuals 2021-22 Actuals 2022-23 Budget 2022-23 Actuals
To-DateMillionsYear-by-Year Revenue and Expenditures
Revenue
Expenditure
Executive Summary
City of Eastvale UNAUDITED Fiscal Year 2022-23 Interim Financial Report | QUARTER TWO ending December 31, 2022 | 6 months, 45% Reported
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 4
the fiscal year and as a result, a large por�on of property tax revenues have not yet been received for the fiscal year.
Franchise fees are received quarterly, a�er the quarter ends.
Overall, General Fund revenues stand at 37% of budget totaling $23,838,234, due solely to the issue listed above.
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. Budget currently
stands at $44.0 million. For the second quarter
repor�ng period, four months of sales tax revenues
have been received totaling $15.6 million. Sales tax is
the city’s largest revenue source and for monitoring
purposes staff created an Atachment to this report
�tled Sales Tax Summary. Addi�onal second-quarter
sales taxes have been received a�er the end of the
repor�ng period and totaled $9.2 million, for a total of
$24.8 million for the first two quarters of the year,
which is higher than budget projec�ons. It should be
noted that because these revenues were not received
during the first quarter, all other reports omit these
sales tax revenues.
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 $1.4
million or 40% of budget.
Franchise Fees – This category is typically 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 stand at $4.6 million or 76% of budget. This is due to the
final one-�me Waste Management waste hauler reten�on payment of $4.0 million received in July 2022. These funds
have been commited by the City Council towards the Police Sta�on Construc�on reserve. Regular and recurring franchise
fee payments total $592,382.
Licenses, Fees, and Permits – Unlike tax revenues, this category of revenue is received on a daily basis at the city’s front
counter and is comprised of construc�on, planning, building permits and fees, and business registra�on. Overall, this
category is at $1.0 million or 42% of budget. Contracted services and employee wages drive the fees charged to private
developers for engineering, planning, and building fees. Within the category, specific divisions and types of fees performed
differently during the first quarter. Building and legal developer fees appear on trend; budget is at 52% and 44%
respec�vely. However, planning and engineering developer fees are performing below trend; budget is at 26% and 32%
respec�vely. Building fixed fees are 62% of budget and encroachment development fees are on target at 51%. Planning
fixed fees are exceeding budget at 69%. Passport services also exceed budget projec�ons at 64%; passport service demand
increased significantly during the pandemic and has con�nued at or above the pre-pandemic levels. Business registra�on
fees are higher than expected at 68% of budget.
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 four. As a result,
actuals stand at zero.
Executive Summary
City of Eastvale UNAUDITED Fiscal Year 2022-23 Interim Financial Report | QUARTER TWO ending December 31, 2022 | 6 months, 45% Reported
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Use of Money and Property – This category is populated investment income. Budget was es�mated at $500,000 and
actuals are $933,325, or 187% of budget. Staff will request a budget appropria�on at mid-year to recognize the increase
in investment earnings.
Transfers In – This category stands at zero. The category consists of transfers-in to the General Fund from other funds.
Transfers include the $293,075 for the city’s cost alloca�on plan (CAP). The CAP is an administra�ve charge to other funds
to help fund the cost of General Fund internal services such as informa�on technology, finance, and human resources.
Overall, General Fund revenues are $23,838,234 or 37% 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
$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 2022-23 Interim Financial Report | QUARTER TWO ending December 31, 2022 | 6 months, 45% Reported
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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 $7,405,985 or 19% of budget.
Detail of Specific Expenditure Categories
Contract Services – This category is the largest category and
includes contracted services for law enforcement, building
and safety, planning, and public works. Currently, actual
expenditures for the total contract category are $3.5 million
or 21% of budget; total budget for this category is $16.8
million. The largest expenditure within this category is the
Law Enforcement contract with Riverside County Sheriff;
budget for law enforcement totals $12.9 million. As of the
end of the quarter, invoices for law enforcement services
have only been received and paid through September.
Other major contracts in this category are animal control,
crossing guards, legal services, and support services for all
major departments. Many invoices for services have not
been processed as of December 31; as a result, this category
appears unusually low.
Personnel – The personnel category contains the salary and benefit costs for city employees. This category generated
actual expenditures at $2.6 million or 34% of budget. Staff expects to see savings in this category due to new posi�ons
remaining vacant during recruitment in the first and second quarter, including three building inspector posi�ons that
remained vacant for the en�re prior fiscal year, a support posi�on in Community Development, an analyst posi�on in
Human Resources and several posi�ons in Finance. The savings in Building and Community Development will be u�lized
to offset contract services in those departments due to the need to contract for services while the posi�ons remained
vacant.
Opera�ons – Opera�ons is a broad category including supplies, adver�sing, u�li�es, postage, and janitorial. Actual
expenditures in this category are ($150,606) or (3%) of budget. This is due to a Government Accoun�ng Standards Board
(GASB) required accoun�ng entry totaling $1.3 million from the prior year that recognizes the difference in the book and
market value of investments, known as unrealized gain or loss. Net of the entry, opera�ons stand at $1.2 million or 27%
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 $30,957 or 64% of budget. This category does not follow a typical fiscal year
trend, as these purchases are typically one-�me in nature.
Debt Service – Debt service in the General Fund accounts for the revenue neutrality agreement with Riverside County.
The agreement was 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 County
invoices the city towards the end of the fiscal year, as a result, actuals stand at zero.
Transfers-Out – The transfers-out category in the General Fund accounts for the movement of cash from the General Fund
to another fund. Budget includes $9.0 million in transfers out to the General Capital Improvement Fund, $1.3 million for
capital maintenance reserves, and $31,370 for General Fund benefit contribu�ons for several Landscape and Ligh�ng
Maintenance Districts and one Benefit Assessment District. This benefit contribu�on and the capital maintenance reserve
contribu�ons are the only opera�ng transfers within the category.
Contract Services42%
Transfers Out 25%
Personnel
20%
Operations11%
Debt Service
1%
Maintenance
1%
Capital
Outlay 1%
Expenditure Budget Breakdown
Executive Summary
City of Eastvale UNAUDITED Fiscal Year 2022-23 Interim Financial Report | QUARTER TWO ending December 31, 2022 | 6 months, 45% Reported
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 7
Overall, General Fund expenditures are $7,363,060 or 24% of expenditure budget. GENERAL FUND OPERATING STATEMENT
General Fund Operating Statement - The General
Fund is currently expected to generate $29,309,435
in operating revenues and $31,141,462 in operating
expenditures. Operating expenditure exceeds
revenues and as a result, the General Fund has an
operating deficit of $1,832,027. On the non-
operating side, $34,400,000 in non-operating
revenues and $8,573,650 in non-operating
expenditures are budgeted. Non-operating
revenues exceed expenditures and as a result, the General Fund has a non-operating surplus of $25,826,350 and the city
is utilizing these non-operating revenues to support operating costs. Non-operating revenues are comprised of two
sources of revenue, sales tax and franchise fees. 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 sales tax source as one-time and non-operating in nature 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 franchise fees represent a one-time waste hauler retention payment. 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
the city’s financial statements. As of September 30th, total net revenue and budget surplus is $16,432,250.
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 has been
restricted by Riverside County through the city’s revenue
neutrality agreement 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 32% of budget or $2.5 million. Property tax is the largest
single source of revenue for the Fire Fund.
Licenses, permits, and fees are 19% 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 $100,000 and actuals
are $131,647 or 132% of budget. Staff will request a budget appropria�on at mid-year to recognize the increase in
investment earnings.
Overall, Fire Fund revenues are 33% of budget.
Expenditures – The first quarter invoice for Riverside County Fire contract services has not been received as of the end of
the second quarter. As a result, contract services are $3,024 or 1% of budget. Riverside County Fire have reported an
es�mated 6% increase in contract costs for the current year. The increase is due to labor nego�a�ons and a resul�ng
General Fund Operating Statement as of 12/31/2022
Operating Revenue Actuals 9,778,234
Operating Expenditure Actuals 7,363,060
Operating Surplus 2,415,175
Non-Operating Revenue Actuals 14,060,000
Non-Operating Expenditure Actuals 42,925
Non-Operating Surplus 14,017,075
Net Revenue 16,432,250
Fire Fund Overview 6-Months Ended December 31, 2022
General Fund
Overview
Adjusted
Budget
Actual
Ac�vity
%
Revenues 8,008,000 2,647,221 33%
Expenditures 7,699,608 (150,844) (2%)
Surplus (Deficit) 308,392 2,798,065
Executive Summary
City of Eastvale UNAUDITED Fiscal Year 2022-23 Interim Financial Report | QUARTER TWO ending December 31, 2022 | 6 months, 45% Reported
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 8
reduc�on in the hours worked by safety staff. This will cause a need for addi�onal staff and a subsequent increase in
contract costs. Addi�onally, CalFIRE staff will receive cost of living increases retroac�ve to the start of the fiscal year.
Maintenance and opera�ons actuals are 29% and
(62%) respec�vely. Maintenance and opera�ons
include building maintenance, vehicle maintenance
and fuel, and u�li�es. Actual expenditures in the
opera�ons category are ($203,009) or (62%) of
budget. This is due to a Government Accoun�ng
Standards Board (GASB) required accoun�ng entry
totaling $241,817 from the prior year that recognizes
the difference in the book and market value of
investments, known as unrealized gain or loss. Net of
the entry, opera�ons stand at $38,808 or 12% of
budget.
Overall, the Fire Fund is at ($150,844) or (2%) of
expenditure budget, mostly due to the first quarter
fire services invoice remains outstanding and the
required GASB entry.
Net Revenue – The Fire Fund is currently projected to complete the fiscal year with $308,392 in net revenue, also called
a budget surplus, for the fiscal year 2022-23.
OTHER FUND OBSERVATIONS
The city’s other funds consist of governmental special revenue funds and six funds solely consis�ng of General Fund
contribu�ons, the Capital Projects Fund, the Debt Service Fund, and four capital replacement reserve funds. These funds
were created in order to track capital projects funded by the General Fund and debt.
MAJOR SPECIAL REVENUE FUNDS
Capital Projects Fund – This fund was considered a major fund for the 2021-22 financial audit. Revenues are solely from
the General Fund and the purpose of the fund is to track specific one-�me general-fund capital improvement projects.
The fund holds adequate fund balance to cover budgeted expenditures and does not build fund balance over �me. Major
projects for the fiscal year include the Limonite Gap Bridge, I-15 Corridor Landscaping Improvement, Prado Dam
Inunda�on U�lity Mi�ga�on, Hamner Place Beau�fica�on, Civic Center Design, and Citrus Property Modular Offices.
NEGATIVE FUND BALANCE IN SPECIAL REVENUE FUNDS
Several special revenue funds currently have and are projected to complete the year with a nega�ve fund balance.
According to GASB requirements the General Fund will be required to cover those nega�ve fund balances at the end of
the fiscal year. Gas Tax is projected to complete the fiscal year with a nega�ve fund balance, this was a Capital
Improvement Plan over-budge�ng error that will be corrected during the mid-year process. The TDA fund is also projected
to finish the fiscal year with a nega�ve fund balance. During the audit process, Finance staff discovered that TDA projects
and funding were incorrectly budgeted in the Miscellaneous Grants Fund. A correc�on will be processed during the Mid-
Year process. The Miscellaneous Grants Fund is projected to have a significant nega�ve fund balance of $11.4 million. This
fund is reimbursed in two ways, progress payments at certain milestone points during projects or a�er projects are
completed. Currently, the fund has outstanding milestone and completed project reimbursements. Public Works is
working on submi�ng reimbursement requests. The TUMF Reimbursement Fund has a comparable situa�on as the
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2
3
4
5
6
7
8
9
2020-21 Actuals 2021-22 Actuals 2022-23 Budget 2022-23 Actuals
To-DateMillionsYear-by-Year Revenue and Expenditures
Revenue Expenditure
Executive Summary
City of Eastvale UNAUDITED Fiscal Year 2022-23 Interim Financial Report | QUARTER TWO ending December 31, 2022 | 6 months, 45% Reported
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 9
Miscellaneous Grants Fund and the city is wai�ng to receive reimbursements. The city transferred over 88 ligh�ng
maintenance districts and illumina�on districts from Jurupa Community Services District in the current fiscal year and
several of those districts arrived with nega�ve fund balance. The city’s consultant is working on the budget for the 2023-
24 fiscal year that may help to bring these funds into a posi�ve fund balance. The General Fund will contribute to those
funds to cover the nega�ve fund balance.
LONG RANGE PLANNING
City staff regularly update the city’s long term planning model to ensure fiscal sustainability into the foreseeable future.
Staff spends considerable �me preparing long range forecasts during the budget process. However, as the year progresses
strategic plan ac�vi�es, opera�onal changes, capital improvement plan adjustments, and economic impacts can affect the
forecasts created during the budget process. This sec�on is intended to update the reader on any known ac�vi�es that
will affect the city’s long-range plans.
FIVE YEAR GENERAL FUND FORECAST
The forecast for the General Fund has not significantly changed since the budget was adopted in June 2022. However, at
this �me, staff is s�ll working on upda�ng the long-range plan with clearer financial planning objec�ves for the Civic Center
capital improvement project. Opera�ng revenues are projected to increase from $33.1 million to $38.1 million from year
one to year five. Assuming no major changes to the city’s organiza�onal structure or program and service offerings, the
opera�ng expenditure budget is projected to increase from $35.5 million to $41.2 million. The opera�ng budget will
produce a budget deficit of $2.0 to $3.0 million annually for the next five years. Should the city add addi�onal programs
or services, the deficit will increase. Non-opera�ng revenues are projected to increase over the next five years and the
budget surplus is es�mated at $26.9 million to $30.0 million over the next five years. The model should be updated with
new five-year Capital Improvement Plan and Civic Center expenditures before the end of the current fiscal year.
A Note Regarding Government Accounting and Budgeting
Most agencies manage governmental funds and budgets using a method called “modified accrual” accoun�ng. Modified accrual
means that governmental funds are managed on a cash basis throughout the year. At year-end accruals are processed to ensure
revenues and expenditures are recorded in the appropriate fiscal year in which the transac�ons actually occurred. This method
applies to all the city’s funds (General Fund and Special Revenue funds).
As an illustra�on, revenue is recorded as it is received throughout the fiscal year (cash basis). The majority of General Fund revenues
are received sporadically throughout the year, and most is received or accrued in the final nine months of the fiscal year. Meanwhile,
expenditures con�nue each month, regardless of whether revenues have been received. This circumstance highlights the
importance of maintaining an adequate opera�ng reserve that allows for cash flow needs throughout the fiscal year, especially
during months in which some revenues categories are not received.
CITY OF EASTVALE UNAUDITED: 45% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER TWO ending December 31, 2022 | 6 months
General Fund Summary by Category
Restated
Audited
Actuals
Restated
Unaudited
Actuals
Adjusted
Budget Actuals
Amount
Over(Under)
Budget
Description 2020-21 2021-22 2022-23 12/31/2022 2022-23
GENERAL FUND
Revenues
Property Taxes 3,526,028$ 3,662,139$ 3,609,500$ 1,439,538$ 40%(2,169,962)$
Sales & Use Tax 28,120,058 44,710,286 44,000,000 15,600,563 35%(28,399,437)
Franchise Fees 5,937,579 1,971,912 6,073,000 4,592,382 76%(1,480,618)
Property Transfer Tax 0 0 - - 0 -
License, Permits & Fees 2,885,193 2,333,526 2,497,800 1,044,777 42%(1,453,023)
Fines, Penalties & Forfeitures 583,856 567,641 586,000 207,461 35%(378,539)
Intergovernmental 5,804,854 6,367,511 5,725,000 - 0%(5,725,000)
Use of Money & Property 1,102,678 151,235 500,000 933,325 187%433,325
Miscellaneous 237,295 772,062 425,060 20,189 5%(404,871)
Transfers In 17,886 7,417,458 293,075 - 0%(293,075)
Total General Fund Revenues 48,215,427 67,953,770 63,709,435 23,838,234 37%(39,871,201)
Expenditures
Salaries 2,642,258$ 3,827,275$ 5,609,000$ 1,975,075$ 35%(3,633,925)$
Benefits 1,081,972 1,358,889 1,997,230 618,561 31%(1,378,669)
Contract Services 12,106,951 13,945,325 16,794,193 3,469,773 21%(13,324,420)
Maintenance 105,619 205,290 316,093 123,400 39%(192,693)
Operations 2,644,003 4,492,662 4,339,160 (150,606) -3%(4,489,766)
Capital Outlay 242,536 187,826 30,957 19,782 64%(11,175)
Debt Service 1,130,459 3,109,421 278,100 - 0%(278,100)
Transfers Out 1,989,214 6,597,427 10,350,379 1,350,000 13%(9,000,379)
Total General Fund Expenditures 21,943,011 33,724,114 39,715,112 7,405,985 19%(32,309,127)
NET REVENUE 26,272,415 34,229,656 23,994,323 16,432,250
OTHER PURPOSE GENERAL FUNDS
RESTRICTED STRUCTURAL FIRE FUND
Revenues
Property Taxes (Restricted for Fire Services)7,289,292$ 7,601,854$ 7,785,000$ 2,494,226$ 32%(5,290,774)$
Sales & Use Tax 0 0 - - 0 -
Franchise Fees 0 0 - - 0 -
Other Taxes 0 0 - - 0 -
License, Permits & Fees 154,718 94,451 110,000 21,348 19%(88,652)
Fines, Penalties & Forfeitures 25,979 0 13,000 - 0%(13,000)
Intergovernmental 0 0 - - 0 -
Use of Money & Property 2,927 (1,616)100,000 131,647 132%31,647
Miscellaneous 0 0 - - 0 -
Transfers 167,660 0 - - 0 -
Total Fire Fund Revenues 7,640,575 7,694,689 8,008,000 2,647,221 33%(5,360,779)
Expenditures
Salaries 797$ 808$ -$ -$ 0 -$
Benefits 107 0 - - 0 -
Contract Services 5,463,946 5,654,282 6,963,500 3,024 0%(6,960,476)
Maintenance 33,624 56,463 80,000 23,047 29%(56,953)
Operations 96,786 447,634 326,008 (203,009) -62%(529,017)
Capital Outlay 0 38,200 52,000 26,094 50%(25,906)
Debt Service 252,432 262,228 278,100 - 0%(278,100)
Transfers Out 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: 45% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER TWO ending December 31, 2022 | 6 months
General Fund Summary by Category
Restated
Audited
Actuals
Restated
Unaudited
Actuals
Adjusted
Budget Actuals
Amount
Over(Under)
Budget
Description 2020-21 2021-22 2022-23 12/31/2022 2022-23
% Budget
Used
Total General Fund Expenditures 5,847,693 6,459,615 7,699,608 (150,844) -2%(7,850,452)
NET REVENUE 1,792,882 1,235,074 308,392 2,798,065
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 45% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER TWO ending December 31, 2022 | 6 months
General Fund Summary by Departments
Restated
Audited Actuals
Restated
Unaudited
Actuals
Adjusted
Budget Actuals
Amount
Over(Under)
Budget
Description 2020-21 2021-22 2022-23 12/31/2022 2022-23
GENERAL FUND
Revenues
General Services
Non Departmental 44,774,936$ 65,076,959$ 60,680,635$ 22,602,819$ 37%(38,077,816)$
City Clerk 42,702 54,411 48,150 34,312 71%(13,838)
City Manager 6,056 10,258 - - 0%-
Finance 160,501 126,297 216,150 61,610 29%(154,540)
General Government - - - - 0%-
City Attorney 23,730 80,205 48,000 21,233 44%(26,767)
Subtotal General Services 45,007,925 65,348,130 60,992,935 22,719,975 37%(38,272,960)
Community Development
Community Development 418,610$ 1,064,186$ 1,237,000$ 415,350$ 34%(821,650)$
Subtotal Community Development 418,610 1,064,186 1,237,000 415,350 34%(821,650)
Community Safety
Community Safety 2,154,008$ 905,318$ 839,000$ 484,572$ 58%(354,428)$
Subtotal Community Safety 2,154,008 905,318 839,000 484,572 58%(354,428)
Public Safety
Public Safety 634,885$ 636,137$ 640,500$ 218,338$ 34%(422,162)$ Subtotal Public Safety 634,885 636,137 640,500 218,338 34%(422,162)
Total General Fund Revenues 48,215,427 67,953,770 63,709,435 23,838,234 37%(39,871,201)
Expenditures
General Services
100 City Council 133,393$ 224,419$ 152,570$ 48,195$ 32%(104,375)$ 110 City Attorney 299,975 317,860 352,400 95,482 27%(256,918)
120 City Clerk 420,701 444,667 566,122 225,538 40%(340,583)
200 City Manager 613,963 609,470 564,700 196,807 35%(367,893)
210 Finance 708,666 910,324 1,293,050 379,869 29%(913,181)
220 Talent Attraction and Development 485,963 651,178 871,900 240,305 28%(631,595) 230 Risk Management 164,653 386,678 360,200 394,921 110%34,721
240 Information Technology 411,918 304,454 341,100 91,131 27%(249,969)
260 Communications 253,125 244,365 355,250 124,430 35%(230,820)
290 General Government 3,535,350 11,394,573 11,132,509 122,817 1%(11,009,692)
295 Building Maintenance 357,011 467,728 546,252 186,364 34%(359,888) 296 Landscaping 0 0 127,850 71,396 56%(56,454)
720 Events 0 682,857 912,039 431,949 47%(480,089)
Subtotal General Services 7,384,719 16,638,573 17,575,941 2,609,205 15%(14,966,736)
Community Development
301 Administration 562,236$ 1,108,869$ 2,011,500$ 352,763$ 18%(1,658,737)$ 300 Planning 541,489 610,794 947,210 256,045 27%(691,165)
320 Engineering 504,724 1,447,314 2,192,390 573,930 26%(1,618,460)
500 Public Works 415,523 368,711 608,691 38,952 6%(569,739)
600 Landscaping 0 1,074 - - 0%-
Subtotal Community Development 2,023,972 3,536,763 5,759,791 1,221,690 21%(4,538,101)
Community Safety
311 Administration -$ 19,679$ 455,030$ 107,946$ 24%(347,084)$
310 Building Safety 2,122,378 1,337,997 1,522,150 339,854 22%(1,182,296)
330 Community Enhancement & Safety 663,285 764,036 1,020,750 339,660 33%(681,090)
Subtotal Community Safety 2,785,663 2,121,711 2,997,930 787,460 26%(2,210,470)
% Budget
Used
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 45% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER TWO ending December 31, 2022 | 6 months
General Fund Summary by Departments
Restated
Audited Actuals
Restated
Unaudited
Actuals
Adjusted
Budget Actuals
Amount
Over(Under)
Budget
Description 2020-21 2021-22 2022-23 12/31/2022 2022-23
% Budget
Used
Public Safety
400 Law Enforcement 9,557,446$ 11,097,700$ 12,943,390$ 2,660,953$ 21%(10,282,437)$ 430 Animal Control 167,648 233,268 336,000 101,683 30%(234,317)
440 Crossing Guards 23,563 96,099 102,060 24,994 24%(77,066)
Subtotal Public Safety 9,748,658 11,427,066 13,381,450 2,787,630 21%(10,593,820)
Total General Fund Expenditures 21,943,011 33,724,114 39,715,112 7,405,985 19%(32,309,127)
TOTAL NET REVENUE 26,272,415 34,229,656 23,994,323 16,432,250
OTHER PURPOSE GENERAL FUNDS
RESTRICTED STRUCTURAL FIRE FUND
Revenues
Property Taxes (Restricted for Fire Serv 7,289,292$ 7,601,854$ 7,785,000$ 2,494,226$ 32%(5,290,774)$
Sales & Use Tax - - - - 0%-
Franchise Fees - - - - 0%-
Other Taxes - - - - 0%-
License, Permits & Fees 154,718 94,451 110,000 21,348 19%(88,652)
Fines, Penalties & Forfeitures 25,979 - 13,000 - 0%(13,000)
Intergovernmental - - - - 0%-
Use of Money & Property 2,927 (1,616) 100,000 131,647 132%31,647
Miscellaneous - - - - 0%-
Transfers 167,660 - - - 0%-
Total Fire Fund Revenues 7,640,575 7,694,689 8,008,000 2,647,221 33%(5,360,779)
Expenditures
Public Safety
290 General Government 253,044$ 504,045$ 278,100$ (241,817)$ -87%(519,917)$ 295 Building Maintenance 15,032 184,581 133,100 55,485 42%(77,615)
296 Landscaping 0 0 106,408 5,993 6%(100,415)
320 Engineering 256 808 - - 0%-
420 Fire Services 5,579,360 5,770,182 7,182,000 29,495 0%(7,152,505)
Total Fire Fund Expenditures 5,847,693 6,459,615 7,699,608 (150,844)-2%(7,850,452)
TOTAL FIRE FUND NET REVENUE 1,792,882 1,235,074 308,392 2,798,065
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 45% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER TWO ending December 31, 2022 | 6 months
General Fund Operating Summary
Restated
Audited
Actuals
Restated
Unaudited
Actuals
Adjusted
Budget Actuals
Amount
Over(Under)
Budget
Description 2020-21 2021-22 2022-23 12/31/2022 2022-23
GENERAL FUND
Operating RevenuesProperty Taxes 3,526,028$ 3,662,139$ 3,609,500$ 1,439,538$ 40%(2,169,962)$
Sales & Use Tax 11,620,058 11,910,286 13,600,000 5,540,563 41%(8,059,437)
Franchise Fees $1,937,579 1,971,912 2,073,000 592,382 29%(1,480,618)
Property Transfer Tax - - 0 - 0 -
License, Permits & Fees 2,885,193 2,333,526 2,497,800 1,044,777 42%(1,453,023) Fines, Penalties & Forfeitures 583,856 567,641 586,000 207,461 35%(378,539)
Intergovernmental 5,804,854 6,367,511 5,725,000 - 0%(5,725,000)
Use of Money & Property 1,864,309 557,371 500,000 933,325 187%433,325
Miscellaneous (719,323) 772,062 425,060 20,189 5%(404,871)
Transfers In 17,886 57,239 293,075 - 0%(293,075) Total General Fund Operating Revenues 27,520,440 28,199,687 29,309,435 9,778,234 33%(19,531,201)
Operating Expenditures
Salaries 2,642,258$ 3,827,275$ 5,609,000$ 1,975,075$ 35%(3,633,925)$
Benefits 1,081,972 1,358,889 1,997,230 618,561 31%(1,378,669)
Contract Services 12,106,951 13,945,325 16,794,193 3,469,773 21%(13,324,420)
Maintenance 105,619 205,290 316,093 123,400 39%(192,693)
Operations 2,644,003 3,187,587 4,339,160 1,156,469 27%(3,182,691)
Capital Outlay (714,082) 187,826 30,957 19,782 64%(11,175)
Debt Service 1,130,459 1,250,371 278,100 - 0%(278,100)
Transfers Out 466,884 735,475 1,776,729 - 0%(1,776,729)
Total General Fund Expenditures 19,464,063 24,698,037 31,141,462 7,363,060 24%(23,778,402)
NET OPERATING REVENUE 8,056,376 3,501,650 (1,832,027) 2,415,175
Non-Operating Revenues
Franchise Fees (Retention Fees)$4,000,000 -$ 4,000,000$ 4,000,000$ 100%-$
Sales Tax 16,500,000 32,800,000 30,400,000 10,060,000 33%(20,340,000)
Miscellaneous (GASB 87)956,618 - - - 0%-
Use of Money and Property (Unrealized Gain)(761,631) (406,136) - - 0%-
Transfers In (ARPA SLFRF)- 7,360,219 - - 0%- Total General Fund Non-Operating Revenues $20,694,987 39,754,083 34,400,000 14,060,000 41%(20,340,000)
Non-Operating Expenditures
Operations (Unrealized Loss)-$ 1,305,075$ -$ -$ 0%-$
Capital Outlay (GASB 87)956,618 - - - 0%-
Debt Service (Tarpon Properties Payoff)- 1,859,050 - - 0%-
Use of Money and Property (Unrealized Loss)- - - (1,307,075) 0%
Transfers Out (Streetlight Payoff)2,330 3,808,933 - - 0%-
Transfers Out (Capital Replacement Reserves)915,000 - 0%(915,000)
Transfers Out (CIP)1,520,000 2,053,019 7,658,650 1,350,000 567%(6,308,650)
Total General Fund Non-Operating Expenditures 2,478,948 9,026,077 8,573,650 42,925 1%(7,223,650)
NET NON-OPERATING REVENUE 18,216,039 30,728,006 25,826,350 14,017,075
%
Budget
Used
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 45% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER TWO ending December 31, 2022 | 6 months
General Fund Operating Summary
Restated
Audited
Actuals
Restated
Unaudited
Actuals
Adjusted
Budget Actuals
Amount
Over(Under)
Budget
Description 2020-21 2021-22 2022-23 12/31/2022 2022-23
%
Budget
Used
OTHER PURPOSE GENERAL FUNDSRESTRICTED STRUCTURAL FIRE FUND
Operating Revenues
Property Taxes (Restricted for Fire Services)7,289,292$ 7,601,854$ 7,785,000$ 2,494,226$ 32%(5,290,774)$
Sales & Use Tax 0 0 0 - 0 -
Franchise Fees 0 0 0 - 0 - Other Taxes 0 0 0 - 0 -
License, Permits & Fees 154,718 94,451 110,000 21,348 19%(88,652)
Fines, Penalties & Forfeitures 25,979 0 13,000 - 0%(13,000)
Intergovernmental 0 0 0 - 0 -
Use of Money & Property 244,113 (1,616)100,000 131,647 132%31,647 Miscellaneous 0 0 0 - 0 -
Transfers (0)0 0 - 0 -
Total Fire Fund Revenues 7,714,101 7,694,689 8,008,000 2,647,221 33%(5,360,779)
Operating Expenditures
Salaries 797$ 808$ -$ -$ 0 -$
Benefits 107 0 0 - 0 -
Staff Development 0 0 0 - 0 -
Contract Services 5,463,946 5,654,282 6,963,500 3,024 0%(6,960,476)
Maintenance 33,624 56,463 80,000 23,047 29%(56,953)
Operations 96,786 447,634 326,008 38,808 12%(287,200)
Capital Outlay 0 38,200 25,000 26,094 104%1,094
Debt Service 252,432 262,228 278,100 - 0%(278,100)
Transfers Out 0 0 0 - 0 -
Subtotal Fire Fund Expenditures 5,847,693 6,459,615 7,672,608 90,973 1%(7,581,635)
NET OPERATING REVENUE 1,866,408 1,235,074 335,392 2,556,248
Non-Operating Revenues
Use of Money and Property (Unrealized Gain)(241,186)$ - -$ 0%-$
Transfers In 167,660 - - 0%-
Total Fire Fund Non-Operating Revenues (73,526) - - - 0%-
Non-Operating Expenditures
CIP (Vehicle Purchase)-$ -$ 27,000 -$ 0%(27,000)$
Unrealized Loss (Use of Money and Property)- - - (241,817) 0%(241,817)
Total Fire Fund Non-Operating Expenditures - - 27,000 (241,817) -11%(268,817)
NET NON-OPERATING REVENUE (73,526) - (27,000) (241,817)
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 45% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER TWO ending December 31, 2022 | 6 months
Other Funds Summary
*Data includes transfers Restated
Audited
Actuals
Restated
Unaudited
Actuals
Adjusted
Budget Actuals
Amount
Over(Under)
Budget
Description 2020-21 2021-22 2022-23 12/31/2022 2022-23
OTHER FUNDS
Revenues
200 Gas Tax 1,437,826$ 1,604,905$ 1,907,980$ 820,345$ 43%1,087,635$
205 SB1 1,228,573 1,378,406 1,505,500 524,868 35%980,632
206 Area Drainage Plan (ADP)(2,060) (493) 8,000 7,625 95%375
210 Measure A 1,834,932 2,189,098 2,032,000 884,956 44%1,147,044
211 TDA Fund - - - - 0%-
220 AQMD 91,756 143,575 122,000 27,903 23%94,097
230 Grants: Law Enforcement Grants - - - - 0%-
240 Grants: Miscellaneous Grants Fund 390,183 668,027 7,793,400 256,565 3%7,536,835
241 Grants: Coronavirus Relief Fund 788,813 - - - 0%-
242 Grants: American Rescue Plan Act Fund - 7,360,219 3,680,109 - 0%3,680,109
243 Public, Educational, or Governmental Access Fund 515 2,188 1,400 385 27%1,015
250 Grants: Community Development Block Grant - - 165,000 - 0%165,000
260 Local Law Enforcement Services 157,695 165,428 160,000 100,955 63%59,045
270 TUMF Reimbursement Fund - - 4,050,000 - 0%4,050,000
290 Transportation DIF 115,440 119,761 152,000 433,872 285%(281,872)
291 Fire DIF 54,388 46,690 64,800 38,344 59%26,456
292 Public Facilities DIF 397,553 102,648 201,200 40,454 20%160,746
293 Road and Bridge Benefit District 84,487 454,300 30,000 56,100 187%(26,100)
300 LLMD 89-1 Zone 10 3,188 3,820 4,740 - 0%4,740
301 LLMD 89-1 Zone 33 (21,661) 1,171 1,720 62 4%1,658
302 LLMD 89-1 Zone 41 188,123 171,435 44,615 16,168 36%28,447
303 LLMD 89-1 Zone 79 2,367 2,593 1,380 141 10%1,239
304 LLMD 89-1 Zone 85 1,091 3,008 295 264 89%31
305 LLMD 89-1 Zone 111 25,513 23,997 22,140 1,527 7%20,613
306 LLMD 89-1 Zone 115 2,807 3,726 4,095 8 0%4,087
307 LLMD 89-1 Zone 116 8,553 8,031 7,130 532 7%6,598
308 LLMD 89-1 Zone 147 198 1,552 1,710 0 0%1,710
309 LLMD 89-1 Zone 151 6,393 7,659 9,510 - 0%9,510
310 LLMD 89-1 Zone 156 4,722 5,750 7,140 - 0%7,140
311 Benefit Assessment District 2014-2 4,776 12,563 10,988 103 1%10,885
312 LLMD 2014-1 3,781 19,499 17,794 147 1%17,647
313 LLMD 2014-3 3,313 8,489 6,904 59 1%6,845
314 LLMD 2014-4 2,078 6,850 5,864 85 1%5,779
315 Community Facilities District 2019-1 9,284 10,162 6,000 - 0%6,000
400 Community Facilities District 2017-1 73,612 74,687 35,320 2,215 6%33,105
401 Community Facilities District 2017-2 33,308 43,192 22,160 445 2%21,716
402 Community Facilities District 2020-1 72,863 73,498 36,100 355 1%35,745
403 LMD 98-2 ORIGINAL - 16,635 6,250 135 2%6,115
404 LMD 98-2 ANNEX 01/Zone A - 2,006 4,460 - 0%4,460
405 LMD 98-2 ANNEX 02/Zone B - 41,892 91,370 56 0%91,314
406 LMD 98-2 ANNEX 03/Zone C - 4,299 9,340 - 0%9,340
407 LMD 98-2 ANNEX 04/Zone D - 6,233 13,620 - 0%13,620
408 LMD 98-2 ANNEX 06/Zone F - 29,516 13,990 241 2%13,749
409 LMD 2001-1 Zone G - 1,862 - 16 0%(16)
410 LMD 2001-1 Zone S 0 2,420 1,040 18 2%1,022
411 LMD 2001-1 Zone W - 20,337 1,260 81 6%1,179
412 LMD 2001-2 Zone A - 49,149 14,700 413 3%14,287
413 LMD 2001-2 Zone B - 26,356 17,320 211 1%17,109
414 LMD 2001-2 Zone C - 1,423 9,740 11 0%9,729
415 LMD 2001-2 Zone D - 17,303 1,050 138 13%912
416 LMD 2001-2 Zone F - 3,128 6,440 22 0%6,418
417 LMD 2001-2 Zone G - 26,486 1,710 228 13%1,482
418 LMD 2001-2 Zone H - 39,891 9,590 311 3%9,279
% Budget
Used
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 45% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER TWO ending December 31, 2022 | 6 months
Other Funds Summary
*Data includes transfers Restated
Audited
Actuals
Restated
Unaudited
Actuals
Adjusted
Budget Actuals
Amount
Over(Under)
Budget
Description 2020-21 2021-22 2022-23 12/31/2022 2022-23
% Budget
Used
419 LMD 2001-2 Zone J - 27,374 14,420 214 1%14,206
420 LMD 2001-2 Zone K 0 1,954 9,970 3 0%9,967
421 LMD 2001-2 Zone M - 2,315 1,710 17 1%1,693
422 LMD 2001-3 Zone A - 3,901 9,790 - 0%9,790
423 LMD 2001-3 Zone B - 3,372 7,300 - 0%7,300
424 LMD 2001-3 Zone C - 22,478 7,860 201 3%7,659
425 LMD 2001-3 Zone D - 45,713 16,280 405 2%15,875
426 LMD 2001-3 Zone E - 100,204 35,340 887 3%34,453
427 LMD 2001-3 Zone F - 38,201 13,600 360 3%13,240
428 LMD 2001-3 Zone G - 3,433 7,950 4 0%7,946
429 LMD 2001-3 Zone H - 15,451 5,650 131 2%5,519
430 LMD 2001-3 Zone I 0 61,716 21,630 507 2%21,123
431 LMD 2001-3 Zone J - 17,644 6,390 145 2%6,245
432 LMD 2001-3 Zone K - 18,021 6,630 135 2%6,495
433 LMD 2001-3 Zone L - 19,057 7,070 153 2%6,917
434 LMD 2001-3 Zone M - 55,807 20,040 486 2%19,554
435 LMD 2001-3 Zone N - 40,800 17,900 284 2%17,616
436 LMD 2001-3 Zone O - 6,576 2,560 58 2%2,502
437 LMD 2001-3 Zone P - 38,497 13,520 342 3%13,178
438 LMD 2001-3 Zone Q - 15,405 5,580 135 2%5,445
439 LMD 2001-3 Zone R - 1,849 1,010 15 1%995
440 LMD 2001-3 Zone S 0 7,430 2,880 66 2%2,814
441 LMD 2001-3 Zone T - 57,013 19,620 508 3%19,112
442 LMD 2001-3 Zone U - 37,570 13,460 318 2%13,142
443 LMD 2001-3 Zone V - 63,337 21,820 562 3%21,258
444 LMD 2001-3 Zone W - 19,463 7,070 171 2%6,899
445 LMD 2001-3 Zone X - 5,519 2,210 49 2%2,161
446 LMD 2001-3 Zone Y - 9,212 3,460 82 2%3,378
447 LMD 2001-3 Zone Z - 10,185 3,810 91 2%3,719
448 LMD 2001-3 Zone AA - 6,467 2,520 57 2%2,463
449 LMD 2001-3 Zone BB - 6,006 2,290 54 2%2,236
450 LMD 2001-3 Zone CC - 23,574 8,570 190 2%8,380
451 LMD 2001-3 Zone DD - 50,873 18,070 447 2%17,623
452 LMD 2001-3 Zone EE - 24,752 9,070 217 2%8,853
453 LMD 2001-3 Zone FF - 30,391 11,090 246 2%10,844
454 LMD 2001-3 Zone GG - 15,382 5,630 137 2%5,493
455 LMD 2001-3 Zone HH - 12,334 4,570 110 2%4,460
456 LMD 2001-3 Zone II - 27,648 9,680 246 3%9,434
457 LMD 2001-3 Zone JJ - 4,943 1,990 44 2%1,946
458 LMD 2001-3 Zone KK - 2,842 1,460 10 1%1,450
459 LMD 2001-3 Zone LL - 10,721 3,900 95 2%3,805
460 LMD 2001-3 Zone MM - 8,137 3,280 68 2%3,212
461 LMD 2001-3 Zone NN - 19,085 6,840 170 2%6,670
462 LMD 2001-3 Zone OO - 18,826 6,750 167 2%6,583
463 LMD 2001-3 Zone PP - 22,147 7,820 195 2%7,625
464 LMD 2001-3 Zone QQ - 8,658 3,410 76 2%3,334
465 LMD 2001-3 Zone RR - 57,429 20,100 510 3%19,590
466 LMD 2001-3 Zone SS - 21,381 7,610 190 2%7,420
467 LMD 2001-3 Zone TT - 9,128 3,370 80 2%3,290
468 LMD 2001-3 Zone UU - 7,023 2,650 63 2%2,587
469 LMD 2001-3 Zone VV - 5,921 2,300 51 2%2,249
470 LMD 2001-3 Zone WW - 24,592 8,980 218 2%8,762
471 LMD 2001-3 Zone XX - 3,489 1,870 27 1%1,843
472 LMD 2001-3 Zone YY - 27,233 9,870 222 2%9,648
473 LMD 2001-3 Zone ZZ - 11,014 4,160 98 2%4,062
474 LMD 2001-3 Zone AAA - 47,941 16,620 427 3%16,193
475 LMD 2001-3 Zone BBB - 30,674 10,830 271 3%10,559
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 45% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER TWO ending December 31, 2022 | 6 months
Other Funds Summary
*Data includes transfers Restated
Audited
Actuals
Restated
Unaudited
Actuals
Adjusted
Budget Actuals
Amount
Over(Under)
Budget
Description 2020-21 2021-22 2022-23 12/31/2022 2022-23
% Budget
Used
476 LMD 2001-3 Zone CCC - 65,738 23,300 570 2%22,730
477 LMD 2001-3 Zone DDD - 56,233 19,510 498 3%19,012
478 LMD 2001-3 Zone EEE - 6,186 2,820 58 2%2,762
479 LMD 2001-3 Zone FFF - 54,497 18,750 486 3%18,264
480 LMD 2001-3 Zone GGG - 19,694 7,260 172 2%7,088
481 LMD 2001-3 Zone HHH - 828 2,160 - 0%2,160
482 LMD 2001-3 Zone III - 26,815 12,780 209 2%12,571
483 LMD 2001-3 Zone JJJ - 31,081 10,840 276 3%10,564
484 LMD 2001-3 Zone LLL - 6,082 2,870 - 0%2,870
485 LMD 2001-3 Zone MMM - 20,050 7,670 177 2%7,493
486 Illumination District No 2 Subarea 35 - 8,749 3,580 63 2%3,517
487 Illumination District No 2 Subarea 42 - 2,513 1,180 17 1%1,163
488 Illumination District No 2 Subarea 46 - 9,336 3,060 71 2%2,989
489 Illumination District No 2 Subarea 49 - 11,841 3,830 90 2%3,740
490 Illumination District No 2 Subarea 55 - 2,344 620 18 3%602
500 Debt Service 468,699 4,509,981 - - 0%-
600 Capital Projects 1,520,007 2,143,140 9,009,450 1,350,000 15%7,659,450
601 General Information Technology Capital Replacem - - 433,652 - 0%433,652
602 General Fleet Capital Replacement Fund - - 120,000 - 0%120,000
603 General Street Maintenance Capital Fund - - 500,000 - 0%500,000
604 General Facility Maintenance Capital Fund - - 250,000 - 0%250,000
700 Information Technology - - - - 0%- Total Other Fund Revenues 8,993,118 23,268,586 33,256,036 4,580,080 14%27,372,304
Expenditures
200 Gas Tax 4,240,697$ 1,994,824$ 5,595,144$ 305,521$ 5%5,289,623$
205 SB1 1,334,718 1,721,552 1,545,000 5,422 0%1,539,578
206 Area Drainage Plan (ADP)487 17,322 300,000 (13,822) -5%313,822
210 Measure A 604,674 1,891,015 5,715,589 270,435 5%5,445,154
211 TDA Fund - 102,318 232,500 - 0%232,500
220 AQMD 25,430 123,899 114,444 2,613 2%111,831
230 Law Enforcement Grants - - - - 0%-
240 Grants: Miscellaneous Grants Fund 381,717 520,016 19,148,584 129,284 1%19,019,300
241 Grants: Coronavirus Relief Fund 788,813 - - - 0%-
242 Grants: American Rescue Plan Act Fund - 7,360,219 - - 0%-
243 Public, Educational, or Governmental Access Fund - - - - 0%-
250 Grants: Community Development Block Grant - - 184,000 - 0%184,000
260 Local Law Enforcement Services 157,746 165,428 - - 0%-
270 TUMF Reimbursement Fund 281,042 344,067 5,600,000 83,700 1%5,516,300
290 Transportation DIF 92 6,587 3,040 (6,587) -217%9,627
291 Fire DIF - 8,376 1,290 (8,376) -649%9,666
292 Public Facilities DIF 656,148 9,146 494,020 481,097 97%12,923
293 Road and Bridge Benefit District 160,802 229,679 5,000,000 (98,573) -2%5,098,573
300 LLMD 89-1 Zone 10 1,414 508 840 16 2%824
301 LLMD 89-1 Zone 33 334 425 525 (105) -20%630
302 LLMD 89-1 Zone 41 15,601 84,713 32,850 (22,318) -68%55,168
303 LLMD 89-1 Zone 79 1,430 2,966 1,260 214 17%1,046
304 LLMD 89-1 Zone 85 151 1,174 220 (468) -213%688
305 LLMD 89-1 Zone 111 10,954 19,734 20,535 620 3%19,915
306 LLMD 89-1 Zone 115 7,143 12,838 7,160 2,955 41%4,205
307 LLMD 89-1 Zone 116 3,786 6,734 4,505 779 17%3,726
308 LLMD 89-1 Zone 147 3,026 4,315 2,510 1,336 53%1,174
309 LLMD 89-1 Zone 151 14,884 15,413 8,930 5,830 65%3,100
310 LLMD 89-1 Zone 156 8,991 10,803 6,900 3,403 49%3,497
311 Benefit Assessment District 2014-2 3,233 7,887 5,665 1,706 30%3,959
312 LLMD 2014-1 2,187 8,527 9,220 1,608 17%7,612
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 45% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER TWO ending December 31, 2022 | 6 months
Other Funds Summary
*Data includes transfers Restated
Audited
Actuals
Restated
Unaudited
Actuals
Adjusted
Budget Actuals
Amount
Over(Under)
Budget
Description 2020-21 2021-22 2022-23 12/31/2022 2022-23
% Budget
Used
313 LLMD 2014-3 2,374 5,346 4,365 1,330 30%3,035
314 LLMD 2014-4 909 2,399 3,190 175 5%3,015
315 Community Facilities District 2019-1 3,208 3,840 3,120 1,395 45%1,725
400 Community Facilities District 2017-1 3,282 7,697 10,400 (2,223) -21%12,623
401 Community Facilities District 2017-2 17,709 20,518 42,692 5,263 12%37,429
402 Community Facilities District 2020-1 10,258 83,623 109,150 28,234 26%80,916
403 LMD 98-2 ORIGINAL - 1,698 7,669 1,558 20%6,111
404 LMD 98-2 ANNEX 01/Zone A - 4,197 5,531 1,217 22%4,314
405 LMD 98-2 ANNEX 02/Zone B - 28,806 61,172 13,163 22%48,010
406 LMD 98-2 ANNEX 03/Zone C - 4,028 11,948 2,589 22%9,359
407 LMD 98-2 ANNEX 04/Zone D - 8,607 15,762 3,400 22%12,362
408 LMD 98-2 ANNEX 06/Zone F - 2,892 12,969 2,646 20%10,323
409 LMD 2001-1 Zone G - 145 532 139 26%393
410 LMD 2001-1 Zone S - 336 1,363 348 26%1,015
411 LMD 2001-1 Zone W - 6,258 7,853 8,484 108%(631)
412 LMD 2001-2 Zone A - 3,342 25,028 4,243 17%20,785
413 LMD 2001-2 Zone B - 2,788 13,734 2,709 20%11,025
414 LMD 2001-2 Zone C - 130 2,407 266 11%2,141
415 LMD 2001-2 Zone D - 1,870 7,184 1,830 25%5,354
416 LMD 2001-2 Zone F - 528 3,227 517 16%2,710
417 LMD 2001-2 Zone G - 1,616 5,835 1,633 28%4,202
418 LMD 2001-2 Zone H - 4,696 19,327 4,611 24%14,717
419 LMD 2001-2 Zone J - 3,096 14,170 3,222 23%10,949
420 LMD 2001-2 Zone K - 841 2,412 1,206 50%1,206
421 LMD 2001-2 Zone M - 373 4,035 363 9%3,672
422 LMD 2001-3 Zone A - 18,822 7,713 1,608 21%6,105
423 LMD 2001-3 Zone B - 6,507 4,427 942 21%3,485
424 LMD 2001-3 Zone C - 1,011 4,196 740 18%3,456
425 LMD 2001-3 Zone D - 2,297 9,612 1,794 19%7,819
426 LMD 2001-3 Zone E - 5,080 21,198 3,951 19%17,247
427 LMD 2001-3 Zone F - 447 490 (18) -4%508
428 LMD 2001-3 Zone G - 2,379 6,435 1,298 20%5,137
429 LMD 2001-3 Zone H - 1,149 5,108 1,000 20%4,108
430 LMD 2001-3 Zone I - 5,857 26,329 5,229 20%21,101
431 LMD 2001-3 Zone J - 1,659 7,538 1,477 20%6,061
432 LMD 2001-3 Zone K - 2,579 11,976 2,397 20%9,578
433 LMD 2001-3 Zone L - 2,020 9,228 1,827 20%7,401
434 LMD 2001-3 Zone M - 3,567 15,429 2,436 16%12,993
435 LMD 2001-3 Zone N - 7,409 34,639 7,079 20%27,560
436 LMD 2001-3 Zone O - 319 1,423 248 17%1,175
437 LMD 2001-3 Zone P - 1,835 7,600 1,420 19%6,180
438 LMD 2001-3 Zone Q - 900 4,020 726 18%3,293
439 LMD 2001-3 Zone R - 221 1,119 206 18%913
440 LMD 2001-3 Zone S - 359 1,560 276 18%1,284
441 LMD 2001-3 Zone T - 2,633 10,863 1,988 18%8,875
442 LMD 2001-3 Zone U - 1,964 8,284 8,555 103%(271)
443 LMD 2001-3 Zone V - 3,075 12,200 2,434 20%9,765
444 LMD 2001-3 Zone W - 1,058 4,247 881 21%3,366
445 LMD 2001-3 Zone X - 274 1,240 216 17%1,023
446 LMD 2001-3 Zone Y - 446 220 350 159%(130)
447 LMD 2001-3 Zone Z - 491 2,112 380 18%1,732
448 LMD 2001-3 Zone AA - 331 1,483 260 18%1,222
449 LMD 2001-3 Zone BB - 262 1,162 198 17%964
450 LMD 2001-3 Zone CC - 2,502 11,433 2,260 20%9,173
451 LMD 2001-3 Zone DD - 2,821 11,986 2,204 18%9,781
452 LMD 2001-3 Zone EE - 1,437 6,175 1,121 18%5,055
453 LMD 2001-3 Zone FF - 3,107 14,102 2,806 20%11,297
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 45% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER TWO ending December 31, 2022 | 6 months
Other Funds Summary
*Data includes transfers Restated
Audited
Actuals
Restated
Unaudited
Actuals
Adjusted
Budget Actuals
Amount
Over(Under)
Budget
Description 2020-21 2021-22 2022-23 12/31/2022 2022-23
% Budget
Used
454 LMD 2001-3 Zone GG - 747 3,169 578 18%2,591
455 LMD 2001-3 Zone HH - 601 2,582 466 18%2,116
456 LMD 2001-3 Zone II - 1,279 5,314 974 18%4,340
457 LMD 2001-3 Zone JJ - 235 1,065 185 17%880
458 LMD 2001-3 Zone KK - 1,222 5,942 1,218 21%4,724
459 LMD 2001-3 Zone LL - 513 2,203 400 18%1,802
460 LMD 2001-3 Zone MM - 709 3,258 625 19%2,633
461 LMD 2001-3 Zone NN - 904 3,797 698 18%3,099
462 LMD 2001-3 Zone OO - 951 3,828 770 20%3,059
463 LMD 2001-3 Zone PP - 1,174 4,710 965 20%3,745
464 LMD 2001-3 Zone QQ - 461 2,047 364 18%1,683
465 LMD 2001-3 Zone RR - 2,837 11,853 2,151 18%9,702
466 LMD 2001-3 Zone SS - 1,027 4,301 803 19%3,498
467 LMD 2001-3 Zone TT - 521 2,295 431 19%1,864
468 LMD 2001-3 Zone UU - 305 1,342 227 17%1,115
469 LMD 2001-3 Zone VV - 366 1,658 306 18%1,352
470 LMD 2001-3 Zone WW - 1,231 5,176 960 19%4,216
471 LMD 2001-3 Zone XX - 342 1,436 424 30%1,012
472 LMD 2001-3 Zone YY - 2,722 12,332 2,443 20%9,889
473 LMD 2001-3 Zone ZZ - 536 2,301 413 18%1,889
474 LMD 2001-3 Zone AAA - 2,252 9,302 1,725 19%7,577
475 LMD 2001-3 Zone BBB - 1,610 6,845 1,252 18%5,593
476 LMD 2001-3 Zone CCC - 4,129 17,796 3,412 19%14,385
477 LMD 2001-3 Zone DDD - 2,857 11,973 2,189 18%9,784
478 LMD 2001-3 Zone EEE - 73 230 11 5%219
479 LMD 2001-3 Zone FFF - 2,621 10,977 1,816 17%9,161
480 LMD 2001-3 Zone GGG - 1,204 5,256 941 18%4,315
481 LMD 2001-3 Zone HHH - 2,030 2,900 601 21%2,300
482 LMD 2001-3 Zone III - 3,679 24,331 2,581 11%21,751
483 LMD 2001-3 Zone JJJ - 1,547 6,490 1,188 18%5,302
484 LMD 2001-3 Zone LLL - 7,900 3,102 695 22%2,407
485 LMD 2001-3 Zone MMM - 1,078 4,575 855 19%3,720
486 Illumination District No 2 Subarea 35 - 1,250 4,843 1,451 30%3,392
487 Illumination District No 2 Subarea 42 - 407 1,627 498 31%1,129
488 Illumination District No 2 Subarea 46 - 1,212 5,140 1,251 24%3,890
489 Illumination District No 2 Subarea 49 - 1,498 6,045 1,609 27%4,436
490 Illumination District No 2 Subarea 55 - 268 1,205 282 23%922 500 Debt Service 467,960 4,510,719 - - 0%-
600 Capital Projects 609,510 1,021,164 11,773,335 1,312,423 11%10,460,912
601 General Information Technology Capital Replacem - - - - 0%-
602 General Fleet Capital Replacement Fund - - - - 0%-
603 General Street Maintenance Capital Fund - - - - 0%-
604 General Facility Maintenance Capital Fund - - - - 0%-
700 Information Technology - - - - 0%-
Total Other Fund Expenditures 9,820,710 20,541,150 56,671,932 2,643,072 5%54,028,860
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 45% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER TWO ending December 31, 2022 | 6 months
Available Resources Summary
Restated
Audited Fund
Balance
Restated
Unaudited Fund
Balance Revenue Actuals
Expenditure
Actuals
Estimated
Available Balance Fund Name & Type 2020-21 2021-22 12/31/2022 12/31/2022 12/31/2022
GENERAL FUNDS
100 General Fund 61,854,162$ 96,083,818$ 23,838,234$ 7,405,985$ 112,516,067$ TOTAL General Funds 61,854,162 96,083,818 23,838,234 7,405,985 112,516,067
OTHER PURPOSE GENERAL FUNDS
110 Restricted Structural Fire Fund 13,238,041$ 14,473,114$ 2,647,221$ (150,844)$ 17,271,179$
TOTAL Other Purpose General Funds 13,238,041 14,473,114 2,647,221 (150,844) 17,271,179
SPECIAL REVENUE FUNDS
200 Gas Tax Fund 3,543,943$ 3,154,024$ 820,345$ 305,521$ 3,668,847$
205 Road Maintenance and Rehabilitation Fund 1,143,195 800,050 524,868 5,422 1,319,495
206 Area Drainage Plan (ADP)903,503 885,689 7,625 (13,822) 907,136
210 Measure A Fund 4,350,543 4,648,626 884,956 270,435 5,263,147
211 TDA Fund - (102,318) - - (102,318)
220 Air Quality Management District 493,791 513,467 27,903 2,613 538,757
230 Law Enforcement Grants - - - - -
240 Grants: Miscellaneous Grants Fund (162,796) (14,784) 256,565 129,284 112,497
241 Grants: Coronavirus Relief Fund - - - - -
242 Grants: American Rescue Plan Act Fund - - - - -
243 Public, Educational, or Governmental Access Fund - - - - -
250 Grants: Community Development Block Grant (7) (7) - - (7)
260 Local Law Enforcement Services - - 100,955 - 100,955
270 TUMF Reimbursement Find (281,100) (625,167) - 83,700 (708,867)
290 DIF Transportation Facilities Fund 310,602 423,775 433,872 (6,587) 864,235
291 DIF Fire Facilities Fund 500,518 538,832 38,344 (8,376) 585,552
292 DIF Public Facilities Fund 496,836 590,338 40,454 481,097 149,696
293 Road and Bridge Benefit District 6,445,412 6,670,033 56,100 (98,573) 6,824,707
300 LLMD 89-1 Zone 10 (7,381) (4,069) - 16 (4,085)
301 LLMD 89-1 Zone 33 6,464 7,210 62 (105) 7,378
302 LLMD 89-1 Zone 41 1,701,381 1,788,103 16,168 (22,318) 1,826,589
303 LLMD 89-1 Zone 79 16,580 16,207 141 214 16,134
304 LLMD 89-1 Zone 85 28,766 30,600 264 (468) 31,332
305 LLMD 89-1 Zone 111 162,397 166,660 1,527 620 167,567
306 LLMD 89-1 Zone 115 (19,095) (28,207) 8 2,955 (31,154)
307 LLMD 89-1 Zone 116 59,745 61,041 532 779 60,794
308 LLMD 89-1 Zone 147 (3,448) (6,212) 0 1,336 (7,547)
309 LLMD 89-1 Zone 151 (43,000) (50,753) - 5,830 (56,583)
310 LLMD 89-1 Zone 156 (17,467) (22,520) - 3,403 (25,923)
311 Benefit Assessment District 2014-2 8,727 13,403 103 1,706 11,799
312 LLMD 2014-1 7,576 18,548 147 1,608 17,087
313 LLMD 2014-3 4,748 7,890 59 1,330 6,620
314 LLMD 2014-4 5,729 10,180 85 175 10,089
315 Community Facilities District 2019-1 (6,975) (654) - 1,395 (2,048)
400 Community Facilities District 2017-1 188,809 255,799 2,215 (2,223) 260,237
401 Community Facilities District 2017-2 30,523 53,197 445 5,263 48,378
402 Community Facilities District 2020-1 62,605 52,480 355 28,234 24,600
403 LMD 98-2 ORIGINAL - 14,937 135 1,558 13,513
404 LMD 98-2 ANNEX 01/Zone A - (2,191) - 1,217 (3,407)
405 LMD 98-2 ANNEX 02/Zone B - 13,087 56 13,163 (19)
406 LMD 98-2 ANNEX 03/Zone C - 272 - 2,589 (2,317)
407 LMD 98-2 ANNEX 04/Zone D - (2,374) - 3,400 (5,775)
408 LMD 98-2 ANNEX 06/Zone F - 26,624 241 2,646 24,218
409 LMD 2001-1 Zone G - 1,717 16 139 1,594
410 LMD 2001-1 Zone S - 2,089 18 348 1,759
411 LMD 2001-1 Zone W - 14,079 81 8,484 5,676
412 LMD 2001-2 Zone A - 45,807 413 4,243 41,977
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 45% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER TWO ending December 31, 2022 | 6 months
Available Resources Summary
Restated
Audited Fund
Balance
Restated
Unaudited Fund
Balance Revenue Actuals
Expenditure
Actuals
Estimated
Available Balance Fund Name & Type 2020-21 2021-22 12/31/2022 12/31/2022 12/31/2022
413 LMD 2001-2 Zone B - 23,568 211 2,709 21,069
414 LMD 2001-2 Zone C - 1,293 11 266 1,037
415 LMD 2001-2 Zone D - 15,432 138 1,830 13,740
416 LMD 2001-2 Zone F - 2,600 22 517 2,105
417 LMD 2001-2 Zone G - 24,870 228 1,633 23,465
418 LMD 2001-2 Zone H - 35,195 311 4,611 30,896
419 LMD 2001-2 Zone J - 24,278 214 3,222 21,270
420 LMD 2001-2 Zone K - 1,117 3 1,206 (86)
421 LMD 2001-2 Zone M - 1,942 17 363 1,595
422 LMD 2001-3 Zone A - (14,920) - 1,608 (16,528)
423 LMD 2001-3 Zone B - (3,135) - 942 (4,077)
424 LMD 2001-3 Zone C - 21,467 201 740 20,928
425 LMD 2001-3 Zone D - 43,417 405 1,794 42,028
426 LMD 2001-3 Zone E - 95,124 887 3,951 92,060
427 LMD 2001-3 Zone F - 37,754 360 (18) 38,131
428 LMD 2001-3 Zone G - 1,054 4 1,298 (241)
429 LMD 2001-3 Zone H - 14,303 131 1,000 13,434
430 LMD 2001-3 Zone I - 55,862 507 5,229 51,140
431 LMD 2001-3 Zone J - 15,985 145 1,477 14,652
432 LMD 2001-3 Zone K - 15,442 135 2,397 13,180
433 LMD 2001-3 Zone L - 17,038 153 1,827 15,364
434 LMD 2001-3 Zone M - 52,240 486 2,436 50,290
435 LMD 2001-3 Zone N - 33,391 284 7,079 26,596
436 LMD 2001-3 Zone O - 6,257 58 248 6,068
437 LMD 2001-3 Zone P - 36,662 342 1,420 35,585
438 LMD 2001-3 Zone Q - 14,505 135 726 13,913
439 LMD 2001-3 Zone R - 1,628 15 206 1,437
440 LMD 2001-3 Zone S - 7,075 66 276 6,865
441 LMD 2001-3 Zone T - 54,380 508 1,988 52,900
442 LMD 2001-3 Zone U - 35,606 318 8,555 27,368
443 LMD 2001-3 Zone V - 60,262 562 2,434 58,390
444 LMD 2001-3 Zone W - 18,405 171 881 17,695
445 LMD 2001-3 Zone X - 5,245 49 216 5,078
446 LMD 2001-3 Zone Y - 8,765 82 350 8,497
447 LMD 2001-3 Zone Z - 9,695 91 380 9,405
448 LMD 2001-3 Zone AA - 6,136 57 260 5,933
449 LMD 2001-3 Zone BB - 5,743 54 198 5,599
450 LMD 2001-3 Zone CC - 21,073 190 2,260 19,003
451 LMD 2001-3 Zone DD - 48,052 447 2,204 46,295
452 LMD 2001-3 Zone EE - 23,315 217 1,121 22,411
453 LMD 2001-3 Zone FF - 27,284 246 2,806 24,725
454 LMD 2001-3 Zone GG - 14,635 137 578 14,194
455 LMD 2001-3 Zone HH - 11,733 110 466 11,377
456 LMD 2001-3 Zone II - 26,369 246 974 25,642
457 LMD 2001-3 Zone JJ - 4,707 44 185 4,567
458 LMD 2001-3 Zone KK - 1,620 10 1,218 411
459 LMD 2001-3 Zone LL - 10,208 95 400 9,902
460 LMD 2001-3 Zone MM - 7,428 68 625 6,871
461 LMD 2001-3 Zone NN - 18,180 170 698 17,652
462 LMD 2001-3 Zone OO - 17,875 167 770 17,272
463 LMD 2001-3 Zone PP - 20,973 195 965 20,203
464 LMD 2001-3 Zone QQ - 8,196 76 364 7,909
465 LMD 2001-3 Zone RR - 54,592 510 2,151 52,951
466 LMD 2001-3 Zone SS - 20,354 190 803 19,741
467 LMD 2001-3 Zone TT - 8,607 80 431 8,256
468 LMD 2001-3 Zone UU - 6,717 63 227 6,554
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 45% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER TWO ending December 31, 2022 | 6 months
Available Resources Summary
Restated
Audited Fund
Balance
Restated
Unaudited Fund
Balance Revenue Actuals
Expenditure
Actuals
Estimated
Available Balance Fund Name & Type 2020-21 2021-22 12/31/2022 12/31/2022 12/31/2022
469 LMD 2001-3 Zone VV - 5,555 51 306 5,300
470 LMD 2001-3 Zone WW - 23,361 218 960 22,619
471 LMD 2001-3 Zone XX - 3,147 27 424 2,751
472 LMD 2001-3 Zone YY - 24,511 222 2,443 22,290
473 LMD 2001-3 Zone ZZ - 10,479 98 413 10,164
474 LMD 2001-3 Zone AAA - 45,690 427 1,725 44,392
475 LMD 2001-3 Zone BBB - 29,064 271 1,252 28,083
476 LMD 2001-3 Zone CCC - 61,609 570 3,412 58,768
477 LMD 2001-3 Zone DDD - 53,376 498 2,189 51,685
478 LMD 2001-3 Zone EEE - 6,113 58 11 6,160
479 LMD 2001-3 Zone FFF - 51,876 486 1,816 50,546
480 LMD 2001-3 Zone GGG - 18,489 172 941 17,720
481 LMD 2001-3 Zone HHH - (1,202) - 601 (1,803)
482 LMD 2001-3 Zone III - 23,136 209 2,581 20,765
483 LMD 2001-3 Zone JJJ - 29,534 276 1,188 28,622
484 LMD 2001-3 Zone LLL - (1,818) - 695 (2,513)
485 LMD 2001-3 Zone MMM - 18,972 177 855 18,294
486 Illumination District No 2 Subarea 35 - 7,499 63 1,451 6,111
487 Illumination District No 2 Subarea 42 - 2,106 17 498 1,625
488 Illumination District No 2 Subarea 46 - 8,124 71 1,251 6,944
489 Illumination District No 2 Subarea 49 - 10,343 90 1,609 8,824
490 Illumination District No 2 Subarea 55 - 2,076 18 282 1,812
TOTAL Special Revenue Funds 19,931,122 21,535,146 3,229,695 1,330,648 23,434,193
DEBT SERVICE FUND
500 General Debt Service Fund 739$ -$ -$ -$ -$ TOTAL Debt Service Fund 739 - - - -
CAPITAL PROJECTS FUNDS
600 General Capital Projects Fund 1,786,981$ 2,908,958$ 1,350,000$ 1,312,423$ 2,946,534$ 601 General Information Technology Capital Replaceme - - - - - 602 General Fleet Capital Replacement Fund - - - - -
603 General Street Maintenance Capital Fund - - - - -
604 General Facility Maintenance Capital Fund - - - - -
TOTAL Capital Projects Fund 1,786,981 2,908,958 1,350,000 1,312,423 2,946,534
INTERNAL SERVICE FUNDS
700 Information Technology Reserve Fund - -$ -$ -$ -$
TOTAL Internal Service Funds - - - - -
TOTAL 96,811,044$ 135,001,036$ 31,065,150$ 9,898,213$ 156,167,974$
GENERAL FUND - FUND BALANCE RESERVES AND COMMITMENTS
Total General Fund Estimated Fund Balance at 12/31/2022 112,516,067$
Nonspendable (Per 06/30/2022 ACFR):Prepaid Items 260,181 Total Nonspendable Fund Balance 260,181
Assigned:
Emergency Contingency (50% of Adopted Appropriations)15,570,731
Total Assigned Reserves 15,570,731
Committed:
Facility Construction: Library 33,000,000
Facility Construction: City Hall 10,000,000
Facility Construction: Police Substation 8,000,000
Pension Liability (CalPERS Reserve)1,620,500
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 45% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER TWO ending December 31, 2022 | 6 months
Available Resources Summary
Restated
Audited Fund
Balance
Restated
Unaudited Fund
Balance Revenue Actuals
Expenditure
Actuals
Estimated
Available Balance Fund Name & Type 2020-21 2021-22 12/31/2022 12/31/2022 12/31/2022
Public Safety Rate Increase Stabilization 1,000,000
53,620,500
Committed Appropriations Limit Qualified Capital Outlay Reserve:
General Fund: Facility Construction: Library - Appropriations Limit 23,945,429
General Fund: Facility Construction: City Hall - Appropriations Limit 17,595,000
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
45,040,429
Total General Funds Estimated Unassigned Fund Balance at 12/31/2022 (1,715,593)$
RESTRICTED STRUCTURAL FIRE FUND - FUND BALANCE RESERVES AND COMMITMENTS
Total Fire Funds Estimated Fund Balance at 12/31/2022 14,473,114$
Assigned:Emergency Contingency (75% of Adopted Appropriations)5,754,456
Total Assigned Reserves 5,754,456
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 12/31/2022 318,658$
Restricted by the County of Riverside (Per 09/30/2022 ACFR):
Restricted Fund Balance 14,473,114
Total Restricted Fund Balance 14,473,114
**For the purpose of this schedule, fund balance is defined as revenues minus expenditures
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 45% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER TWO ending December 31, 2022 | 6 months
Assigned Reserve: Contingency Calculation
Restated Audited
Fund Balance
Restated
Unaudited Fund
Balance
Adjusted Revenue
Budget
Adjusted
Expenditure
Budget
Estimated
Available Balance Fund Name & Type 2020-21 2021-22 2022-23 2022-23 6/30/2022
GENERAL FUNDS
100 General Fund 61,854,162$ 96,083,818$ 63,709,435$ 39,715,112$ 120,078,141$ TOTAL General Funds 61,854,162 96,083,818 63,709,435 39,715,112 120,078,141
Assigned 50% Contingency Reserve
Policy: 50% of Annual Budgeted Operating Expenditures
Total Expenditures 39,715,112
Non-Operating Expenditures 8,573,650
Operating Expenditures 31,141,462
50% Reserve 15,570,731
OTHER PURPOSE GENERAL FUNDS
110 Restricted Structural Fire Fund 13,238,041$ 14,473,114$ 8,008,000$ 7,699,608$ 14,781,506$ TOTAL Other Purpose General Funds 13,238,041 14,473,114 8,008,000 7,699,608 14,781,506
Assigned 75% Contingency Reserve
Policy: 75% of Annual Budgeted Operating Expenditures
Total Expenditures 7,699,608
Non-Operating Expenditures 27,000
Operating Expenditures 7,672,608
75% Reserve 5,754,456
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 45% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER TWO ending December 31, 2022 | 6 months
Appropriations Limit Summary
Pre Voter
Approved
Override
Voter
Approved
Override
Post Voter
Approved
Override
Post Voter
Approved
Override2017-18 2018-19 2019-20 2020-21 2020-21 2021-22 2022-23
ADOPTED APPROPRIATIONS LIMIT
Adopted Appropriations Limit 21,455,814$ 23,077,364$ 24,418,797$ 25,794,921$ 33,000,000$ 35,473,578$ 39,253,023$
Subject Revenue Appropriations
General Fund 10,045,447 15,809,535 17,472,985 17,952,129 41,516,698 54,973,760 53,493,923
Fire Fund 5,055,030 5,346,150 6,285,042 6,406,287 6,406,287 7,298,931 7,785,000
Total Subject Revenue Appropriation 15,100,477 21,155,685 23,758,027 24,358,416 47,922,985 62,272,691 61,278,923
Over(Under) Limit (6,355,337)(1,921,679)(660,770)(1,436,505)14,922,985 26,799,113 22,025,900
Annual Available for Capital Outlay 14,922,985 26,799,113 22,025,900
Cumulative Available for Capital Outlay 41,722,098 22,025,900
Cumulative Available for Capital Outlay Expenditures and Reserves 41,722,098 22,025,900
FY2021-22 Adopted Capital Outlay Reserve Commitments
General Fund: Facility Construction City Hall - Appropriations Limit 18,399,529
General Fund: Facility Construction Library - Appropriations Limit 10,595,000
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 Adopted Capital Outlay Expenditures
Streetlight Debt Pay-Off - Appropriations Limit 4,168,519
Goodman Commerce Infrastructure Developer Agreement Pay-Off - Appropriations L 2,559,050
Subtotal Capital Outlay Expenditure Budget 6,727,569
FY2022-23 Proposed Reserve Commitments
General Fund: Facility Construction City Hall - Appropriations Limit 5,545,900
General Fund: Facility Construction Library - Appropriations Limit 7,000,000
Subtotal Capital Outlay Reserve Commitments 12,545,900
FY2022-23 Proposed Capital Outlay Expenditures
93026: Appropriation from Reserve: Limonite Gap Bridge 2,500,000
93026: Limonite Gap Bridge 4,525,000
95001: Hamner Place 700,000
94012: Prado Dam Inundation Utlity Mitigation 155,000
95011: Facility Construction City Hall 3,100,000
95018: Modular Offices 800,000
93035: I-15 Corridor Landscaping 200,000
Subtotal Capital Outlay Expenditure Budget 2,500,000 9,480,000
Remaining Appropriations Limit Surplus 0 0
FY2021-22
Commitments and
Expenditures
FY2022-23
Appropriations
From Reserve
FY2022-23
Commitments
and Expenditures
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov
CITY OF EASTVALE UNAUDITED: 45% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER TWO ending December 31, 2022 | 6 months
Sales Tax Summary
Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2022-23
Quarter 2018-19 2019-20**2020-21 2021-22 2022-23 Budget
Quarter 1 2,454,597 2,986,937 2,873,677 10,585,289 11,716,157 44,000,000
Quarter 2 #2,693,017 2,807,803 3,144,645 12,241,575 13,047,245
Quarter 3 2,129,355 2,272,291 10,892,874 10,836,091 - Quarterly
Quarter 4 2,332,606 2,281,948 11,208,862 11,047,330 - Budget:
TOTAL Sales Tax 9,609,575 10,348,979 28,120,058 44,710,286 24,763,402 11,000,000
**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.
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.
# 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 there is no estimated delivery date for the true up payment, as a result, the
true up is not budgeted in the current year.
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov