FISCAL YEAR 2022-23, QUARTER 3 ENDING MARCH 31, 2023E A S T V A L E
CALIFORNIA
CITY OF
INTERIM F IN ANCIAL REPO RT
Q UAR TE R THREE | 9 MON THS
FISCAL YEAR 2021 - 2022
Executive Summary
City of Eastvale UNAUDITED Fiscal Year 2022-23 Interim Financial Report | QUARTER THREE ending March 31, 2023 | 9 months, 70% 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 9-month period ending March 31, 2023. 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 reflects Mid-Year appropria�ons,
which the City Council adopted during the period ending March 31, 2023.
QUARTER 3 HIGHLIGHTS: Key changes impacting the city during the third 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.
Fund Balance: The city is projected to complete the year with $118.7 million in fund balance in the General Fund. A
litle over $16.8 million is set aside as an assigned emergency reserve for opera�ons. A total of $100.5 million has
been commited by the City Council for the Civic Center project and other capital reserves. The es�mated remaining
$3.3 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 $14.5 million in fund balance. An assigned emergency reserve of
$5.8 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 $316,408 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
Accounting Methods
The figures presented in this execu�ve summary and the atached reports reflect general ledger balances as of March 31,
2023. Approximately 70% 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
Executive Summary
City of Eastvale UNAUDITED Fiscal Year 2022-23 Interim Financial Report | QUARTER THREE ending March 31, 2023 | 9 months, 70% Reported
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 3
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 March 31, 2023, 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
fund is expected to complete the fiscal year with
a budget surplus. Details regarding the city’s
opera�ng statement can be found on page seven
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 $22.6 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 City 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
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 66% of budget totaling $42,946,697, due solely to the issue listed above.
General Fund Overview 9-Months Ended March 31, 2023
General Fund
Overview
Amended
Budget
Actual
Ac�vity
%
Revenues 64,729,435 42,946,697 66%
Expenditures 42,106,239 13,670,194 32%
Surplus (Deficit) 22,623,196 29,276,503
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 THREE ending March 31, 2023 | 9 months, 70% Reported
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 4
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 third quarter repor�ng
period, seven months of sales tax revenues have been
received totaling $28.2 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 third-quarter sales taxes have
been received a�er the end of the repor�ng period and
totaled $6.7 million, for a total of $34.9 million for the
first three 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 $2.4
million or 67% 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 $5.4 million or 89% 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 $1.4 million.
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 $1.5 million or 61% 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 developer fees appear on trend; actuals are at 75% of budget. Legal developer
fees are trending below budget at 47%. Similar to legal, planning and engineering developer fees are performing below
trend; actuals are at 42% and 51% respec�vely. Passport services also exceed budget projec�ons at 109%; passport service
demand increased significantly during the pandemic and has con�nued at or above the pre-pandemic levels. Business
registra�on fees are also higher than expected at 107% 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 52% or $3.0 million.
Use of Money and Property – This category is populated investment income. Budget was increased at Mid-Year to $1.5
million and actuals are $1.8 million, or 121% of budget. The city’s por�olio con�nues to generate investment returns that
exceed the budgeted trends.
Transfers In – This category stands at $5,165. 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
Executive Summary
City of Eastvale UNAUDITED Fiscal Year 2022-23 Interim Financial Report | QUARTER THREE ending March 31, 2023 | 9 months, 70% Reported
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 5
to help fund the cost of General Fund internal services such as informa�on technology, finance, and human resources.
Transfers will be finalized before interim audit begins in June.
Overall, General Fund revenues are $42,946,697 or 66% 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 THREE ending March 31, 2023 | 9 months, 70% Reported
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 6
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 $13,670,194 or 32% 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 $7.2 million or 42% of
budget; total budget for this category is $17.1
million. The largest expenditure within this category
is the Law Enforcement contract with Riverside
County Sheriff; budget for law enforcement totals
$13.0 million. As of the end of the quarter, invoices
for law enforcement services have only been
received and paid through December. 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 March 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 $4.2 million or 53% of budget. Staff expects to see savings in this category due to new posi�ons
remaining vacant during recruitment for all or por�ons of the first three quarters, 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 specific to the 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, travel, training, u�li�es, postage, and
janitorial. Actual expenditures in this category are 630,986 or 15% 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 $1.9
million or 47% 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 $22,624 or 25% 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
Contract
Services
41%
Transfers Out 29%
Personnel
19%
Operations10%
Debt Service
1%
Maintenance 1%
Capital Outlay 0%
Expenditure Budget Breakdown
Executive Summary
City of Eastvale UNAUDITED Fiscal Year 2022-23 Interim Financial Report | QUARTER THREE ending March 31, 2023 | 9 months, 70% Reported
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 7
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.
Overall, General Fund expenditures are $13,627,629 or 41% of expenditure budget. GENERAL FUND OPERATING STATEMENT
General Fund Operating Statement - The General
Fund is currently expected to generate $29,354,435
in operating revenues and $30,006,303 in operating
expenditures. Operating expenditure exceeds
revenues and as a result, the General Fund has an
operating deficit of $651,868, however a non-
operating surplus is available to cover the deficit.
Staff is currently working on determining what
percentage of the non-operating revenues are likely
to continue into the future, this will likely change the operating deficit into a surplus. On the non-operating side,
$35,375,000 in non-operating revenues and $12,099,936 in non-operating expenditures are budgeted. Non-operating
revenues exceed expenditures and as a result, the General Fund has a non-operating surplus of $23,275,064 and the city
is utilizing these non-operating revenues to support operating costs. Non-operating revenues are comprised of three
sources of revenue, sales tax, franchise fees, and interest. 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 March 31, total net revenue and budget surplus is $29,276,503.
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 61% of budget or $4.8 million. Property tax is the largest
single source of revenue for the Fire Fund.
Licenses, permits, and fees are 39% 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 $267,690 or 268% of budget.
Overall, Fire Fund revenues are 64% of budget.
General Fund Operating Statement as of 03/31/2023
Operating Revenue Actuals 18,862,697
Operating Expenditure Actuals 13,627,629
Operating Surplus 5,235,428
Non-Operating Revenue Actuals 24,084,000
Non-Operating Expenditure Actuals 42,925
Non-Operating Surplus 24,041,075
Net Revenue 29,276,503
Fire Fund Overview 6-Months Ended March 31, 2023
General Fund
Overview
Adjusted
Budget
Actual
Ac�vity
%
Revenues 8,008,000 5,086,056 64%
Expenditures 7,702,608 1,406,880 18%
Surplus (Deficit) 305,392 3,679,175
Executive Summary
City of Eastvale UNAUDITED Fiscal Year 2022-23 Interim Financial Report | QUARTER THREE ending March 31, 2023 | 9 months, 70% Reported
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 8
Expenditures – Only the first quarter invoice for Riverside County Fire contract services has been received as of the end
of the third quarter. As a result, contract services are $1.5 million or 21% 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
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 35% and (75%) 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 ($164,487)
or (75%) 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
$77,330 or 35% of budget.
Overall, the Fire Fund is at $1,648,697 or 21% of
expenditure budget, mostly due to the second and
third quarter fire services invoices remains
outstanding and the required GASB entry.
Net Revenue – The Fire Fund is currently projected
to complete the fiscal year with $305,392 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
0
1
2
3
4
5
6
7
8
9
2020-21 Actuals 2021-22 Actuals 2022-23 Budget 2022-23 ActualsTo-DateMillionsYear-by-Year Revenue and Expenditures
Revenue Expenditure
Executive Summary
City of Eastvale UNAUDITED Fiscal Year 2022-23 Interim Financial Report | QUARTER THREE ending March 31, 2023 | 9 months, 70% Reported
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 9
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
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; however staff is working on calcula�ng a
reasonable amount of non-opera�ng revenues that should be considered regular opera�ng revenues. As a result, this
deficit will likely turn into a surplus. 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 $30.0 million over the next five years. The model should be updated with
new five-year Capital Improvement Plan and Civic Center expenditures before the end of the current fiscal year.
A Note Regarding Government Accounting and Budgeting
Most agencies manage governmental funds and budgets using a method called “modified accrual” accoun�ng. Modified accrual
means that governmental funds are managed on a cash basis throughout the year. At year-end accruals are processed to ensure
revenues and expenditures are recorded in the appropriate fiscal year in which the transac�ons actually occurred. This method
applies to all the city’s funds (General Fund and Special Revenue funds).
As an illustra�on, revenue is recorded as it is received throughout the fiscal year (cash basis). The majority of General Fund revenues
are received sporadically throughout the year, and most is received or accrued in the final nine months of the fiscal year. Meanwhile,
expenditures con�nue each month, regardless of whether revenues have been received. This circumstance highlights the
importance of maintaining an adequate opera�ng reserve that allows for cash flow needs throughout the fiscal year, especially
during months in which some revenues categories are not received.
CITY OF EASTVALE UNAUDITED: 70% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER THREE ending March 31, 2023 | 9 months
General Fund Summary by Category
Restated
Audited Actuals
Restated
Unaudited
Actuals
Adjusted
Budget Actuals
Amount
Over(Under)
Budget
Description 2020-21 2021-22 2022-23 12/31/2022 2022-23
GENERAL FUND
Revenues
Property Taxes 3,526,028$ 3,662,139$ 3,609,500$ 2,434,095$ 67%(1,175,405)$
Sales & Use Tax 28,120,058 44,710,286 44,000,000 28,224,337 64%(15,775,663)
Franchise Fees 5,937,579 1,971,912 6,073,000 5,380,661 89%(692,339)
Property Transfer Tax - - - - 0 -
License, Permits & Fees 2,885,193 2,333,526 2,507,800 1,526,583 61%(981,217)
Fines, Penalties & Forfeitures 583,856 567,641 596,000 406,263 68%(189,737)
Intergovernmental 5,804,854 6,367,511 5,725,000 2,986,630 52%(2,738,370)
Use of Money & Property 1,102,678 151,235 1,500,000 1,818,547 121%318,547
Miscellaneous 237,295 772,062 425,060 164,416 39%(260,644)
Transfers In 17,886 7,417,458 293,075 5,165 2%(287,910)
Total General Fund Revenues 48,215,427 67,953,770 64,729,435 42,946,697 66%(21,782,738)
Expenditures
Salaries 2,638,858$ 3,824,393$ 5,836,000$ 3,239,871$ 56%(2,596,129)$
Benefits 1,081,273 1,356,725 2,125,230 1,008,756 47%(1,116,474)
Contract Services 12,106,951 13,945,325 17,077,775 7,176,669 42%(9,901,107)
Maintenance 105,619 205,290 423,273 238,739 56%(184,534)
Operations 2,648,133 4,497,708 4,143,597 630,986 15%(3,512,612)
Capital Outlay 242,536 187,826 90,957 22,624 25%(68,333)
Debt Service 1,130,459 3,109,421 278,100 - 0%(278,100)
Transfers Out 1,989,214 6,597,427 12,131,306 1,352,550 11%(10,778,756)
Total General Fund Expenditures 21,943,042 33,724,114 42,106,239 13,670,194 32%(28,436,045)
NET REVENUE 26,272,385 34,229,656 22,623,196 29,276,503
OTHER PURPOSE GENERAL FUNDSRESTRICTED STRUCTURAL FIRE FUND
Revenues
Property Taxes (Restricted for Fire Services)7,289,292$ 7,601,854$ 7,785,000$ 4,775,136$ 61%(3,009,864)$
Sales & Use Tax - - - - 0 -
Franchise Fees - - - - 0 -
Other Taxes - - - - 0 -
License, Permits & Fees 154,718 94,451 110,000 43,229 39%(66,771)
Fines, Penalties & Forfeitures 25,979 - 13,000 - 0%(13,000)
Intergovernmental - - - - 0 -
Use of Money & Property 2,927 (1,616) 100,000 267,690 268%167,690
Miscellaneous - - - - 0 -
Transfers 167,660 - - - 0 -
Total Fire Fund Revenues 7,640,575 7,694,689 8,008,000 5,086,056 64%(2,921,944)
Expenditures
Salaries 797$ 808$ -$ -$ 0 -$
Benefits 107 - - - 0 -
Contract Services 5,463,946 5,654,282 7,032,908 1,502,910 21%(5,529,998)
Maintenance 52,275 56,463 120,000 42,364 35%(77,636)
Operations 78,136 447,634 219,600 (164,487) -75%(384,087)
Capital Outlay - 38,200 52,000 26,094 50%(25,906)
Debt Service 252,432 262,228 278,100 - 0%(278,100)
Transfers Out - - - - 0 -
Total General Fund Expenditures 5,847,693 6,459,615 7,702,608 1,406,880 18%(6,295,728)
NET REVENUE 1,792,882 1,235,074 305,392 3,679,175
% Budget
Used
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 10
CITY OF EASTVALE UNAUDITED: 70% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER THREE ending March 31, 2023 | 9 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$ 61,680,635$ 41,039,122$ 67%(20,641,513)$
City Clerk 42,702 54,411 48,150 52,614 109%4,464
City Manager 6,056 10,258 - - 0%-
Finance 160,501 126,297 90,150 96,122 107%5,972
General Government - - - - 0%-
City Attorney 23,730 80,205 48,000 22,652 47%(25,348)
Subtotal General Services 45,007,925 65,348,130 61,866,935 41,210,510 67%(20,656,425)
Community Development
Community Development 203,612$ 209,777$ 202,000$ 85,168$ 42%(116,832)$
Subtotal Community Development 203,612 209,777 202,000 85,168 42%(116,832)
Public Works
Public Works 214,998$ 854,409$ 1,035,000$ 529,307$ 51%(505,693)$
Subtotal Community Safety 214,998 854,409 1,035,000 529,307 51%(505,693)
Community Safety
Community Safety 2,154,008$ 905,318$ 985,000$ 740,696$ 75%(244,304)$
Subtotal Community Safety 2,154,008 905,318 985,000 740,696 75%(244,304)
Public Safety
Public Safety 634,885$ 636,137$ 640,500$ 381,016$ 59%(259,484)$
Subtotal Public Safety 634,885 636,137 640,500 381,016 59%(259,484)
Total General Fund Revenues 48,215,427 67,953,770 64,729,435 42,946,697 66%(21,277,045)
Expenditures
General Services
100 City Council 133,393$ 224,419$ 152,570$ 105,096$ 69%(47,474)$
110 City Attorney 299,975 317,860 352,400 197,769 56%(154,631)
290 General Government 3,535,350 11,394,573 13,107,836 163,739 1%(12,944,097)
Subtotal General Services 3,968,718 11,936,851 13,612,806 466,605 3%(13,146,201)
City Manager
200 City Manager 613,963$ 609,470$ 564,700$ 360,748$ 64%(203,952)
Subtotal City Manager 613,963 609,470 564,700 360,748 64%(203,952)
Human Resources & Risk
220 Talent Attraction and Development 485,963$ 651,178$ 873,115$ 363,899$ 42%(509,216)
230 Risk Management 164,653 386,678 388,200 388,154 100%(46)
Subtotal Human Resources & Risk 650,616 1,037,856 1,261,315 752,053 60%(509,262)
City Clerk/Communications
120 City Clerk 420,701$ 444,667$ 589,012$ 348,757$ 59%(240,255)
240 Information Technology 411,918 304,454 337,330 127,764 38%(209,566)
260 Communications 253,125 244,365 355,250 213,004 60%(142,246)
720 Events - 682,857 912,039 741,493 81%(170,546)
Subtotal City Clerk/Communication 1,085,745 1,676,343 2,193,630 1,431,018 65%(762,612)
Finance
210 Finance 708,666$ 910,324$ 1,360,115$ 715,541$ 53%(644,574)
Subtotal Finance 708,666 910,324 1,360,115 715,541 53%(644,574)
Community Development
% Budget
Used
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 11
CITY OF EASTVALE UNAUDITED: 70% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER THREE ending March 31, 2023 | 9 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
301 Administration 562,236$ 1,108,869$ 1,947,910$ 798,673$ 41%(1,149,237)$
300 Planning 541,489 610,794 947,210 462,082 49%(485,128)
Subtotal Community Development 1,103,725 1,719,663 2,895,120 1,260,755 44%(1,634,365)
Public Works
320 Engineering 504,724$ 1,447,314$ 2,302,790$ 918,266$ 40%(1,384,524)
500 Public Works 415,553 368,711 733,691 83,140 11%(650,551)
295 Facility Maintenance 357,011 467,728 566,432 392,847 69%(173,584)
296 Facility Landscaping - - 162,850 134,608 83%(28,242)
600 Landscaping (public right-of-way)- 1,074 - - 0%-
Subtotal Community Development 1,277,288 2,284,828 3,765,763 1,528,862 41%(2,236,900)
Community Safety
311 Administration -$ 19,679$ 462,730$ 201,904$ 44%(260,826)$
310 Building Safety 2,122,378 1,337,997 1,550,150 691,286 45%(858,864)
330 Community Enhancement & Safety 663,285 764,036 1,035,460 555,172 54%(480,288)
Subtotal Community Safety 2,785,663 2,121,711 3,048,340 1,448,363 48%(1,599,977)
Public Safety
400 Law Enforcement 9,557,446$ 11,097,700$ 12,966,390$ 5,463,734$ 42%(7,502,656)$
430 Animal Control 167,648 233,268 336,000 191,321 57%(144,679)
440 Crossing Guards 23,563 96,099 102,060 51,194 50%(50,866)
Subtotal Public Safety 9,748,658 11,427,066 13,404,450 5,706,249 43%(7,698,201)
Total General Fund Expenditures 21,943,042 33,724,114 42,106,239 13,670,194 32%(28,436,045)
TOTAL NET REVENUE 26,272,385 34,229,656 22,623,196 29,276,503
OTHER PURPOSE GENERAL FUNDS
RESTRICTED STRUCTURAL FIRE FUND
Revenues
Property Taxes (Restricted for Fire Serv 7,289,292$ 7,601,854$ 7,785,000$ 4,775,136$ 61%(3,009,864)$
Sales & Use Tax - - - - 0%-
Franchise Fees - - - - 0%-
Other Taxes - - - - 0%-
License, Permits & Fees 154,718 94,451 110,000 43,229 39%(66,771)
Fines, Penalties & Forfeitures 25,979 - 13,000 - 0%(13,000)
Intergovernmental - - - - 0%-
Use of Money & Property 2,927 (1,616) 100,000 267,690 268%167,690
Miscellaneous - - - - 0%-
Transfers 167,660 - - - 0%-
Total Fire Fund Revenues 7,640,575 7,694,689 8,008,000 5,086,056 64%(2,921,944)
Expenditures
Public Safety
290 General Government 253,044$ 504,045$ 278,100$ (241,817)$ -87%(519,917)$
295 Building Maintenance 15,032 184,581 173,100 95,997 55%(77,103)
296 Landscaping - - 66,408 14,929 22%(51,479)
320 Engineering 256 808 - - 0%-
420 Fire Services 5,579,360 5,770,182 7,185,000 1,537,771 21%(5,647,229)
Total Fire Fund Expenditures 5,847,693 6,459,615 7,702,608 1,406,880 18%(6,295,728)
TOTAL FIRE FUND NET REVENUE 1,792,882 1,235,074 305,392 3,679,175
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 12
CITY OF EASTVALE UNAUDITED: 70% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER THREE ending March 31, 2023 | 9 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 Revenues
Property Taxes 3,526,028$ 3,662,139$ 3,609,500$ 2,434,095$ 67%(1,175,405)$
Sales & Use Tax 11,620,058 11,910,286 13,600,000 8,764,337 64%(4,835,663)
Franchise Fees $1,937,579 1,971,912 2,073,000 1,380,661 67%(692,339)
Property Transfer Tax - - - - 0 -
License, Permits & Fees 2,885,193 2,333,526 2,507,800 1,526,583 61%(981,217)
Fines, Penalties & Forfeitures 583,856 567,641 596,000 406,263 68%(189,737)
Intergovernmental 5,804,854 6,367,511 5,725,000 2,986,630 52%(2,738,370)
Use of Money & Property 1,864,309 172,785 525,000 1,194,547 228%669,547
Miscellaneous (719,323) 772,062 425,060 164,416 39%(260,644)
Transfers In 17,886 57,239 293,075 5,165 2%(287,910)
Total General Fund Operating Revenues 27,520,440 27,815,101 29,354,435 18,862,697 64%(10,491,738)
Operating Expenditures
Salaries 2,638,858$ 3,824,393$ 5,836,000$ 3,239,871$ 56%(2,596,129)$
Benefits 1,081,273 1,356,725 2,125,230 1,008,756 47%(1,116,474)
Contract Services 12,106,951 13,945,325 17,077,775 7,176,669 42%(9,901,107)
Maintenance 105,619 205,290 423,273 238,739 56%(184,534)
Operations 2,648,133 3,192,633 4,143,597 1,938,061 47%(2,205,537)
Capital Outlay (714,082) 187,826 90,957 22,624 25%(68,333)
Debt Service 1,130,459 1,250,371 278,100 - 0%(278,100)
Transfers Out 466,884 735,475 31,370 2,550 8%(28,820)
Total General Fund Expenditures 19,464,094 24,698,037 30,006,303 13,627,269 45%(16,379,034)
NET OPERATING REVENUE 8,056,346 3,117,064 (651,868) 5,235,428
Non-Operating Revenues
Sales Tax 16,500,000$ 32,800,000$ 30,400,000$ 19,460,000$ 64%(10,940,000)
Franchise Fees (Retention Fees)4,000,000 - 4,000,000 4,000,000 100%-$
Use of Money and Property (Interest)384,586 975,000 624,000 64%
Use of Money and Property (Unrealized Gain)(761,631) (406,136) - - 0%-
Miscellaneous (GASB 87)956,618 - - - 0%-
Transfers In (ARPA SLFRF)- 7,360,219 - - 0%-
Total General Fund Non-Operating Revenues $20,694,987 40,138,669 35,375,000 24,084,000 68%(10,940,000)
Non-Operating Expenditures
Operations (Unrealized Loss)-$ 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)1,303,652 - 0%(1,303,652)
Transfers Out (CIP)1,520,000 2,053,019 10,796,284 1,350,000 800%(9,446,284)
Total General Fund Non-Operating Expenditures 2,478,948 9,026,077 12,099,936 42,925 0%(10,749,936)
NET NON-OPERATING REVENUE 18,216,039 31,112,592 23,275,064 24,041,075
%
Budget
Used
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 13
CITY OF EASTVALE UNAUDITED: 70% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER THREE ending March 31, 2023 | 9 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 FUNDS
RESTRICTED STRUCTURAL FIRE FUND
Operating Revenues
Property Taxes (Restricted for Fire Services)7,289,292$ 7,601,854$ 7,785,000$ 4,775,136$ 61%(3,009,864)$
Sales & Use Tax - - - - 0 -
Franchise Fees - - - - 0 -
Other Taxes - - - - 0 -
License, Permits & Fees 154,718 94,451 110,000 43,229 39%(66,771)
Fines, Penalties & Forfeitures 25,979 - 13,000 - 0%(13,000)
Intergovernmental - - - - 0 -
Use of Money & Property 244,113 (1,616) 100,000 267,690 268%167,690
Miscellaneous - - - - 0 -
Transfers (0) - - - 0 -
Total Fire Fund Revenues 7,714,101 7,694,689 8,008,000 5,086,056 64%(2,921,944)
Operating Expenditures
Salaries 797$ 808$ -$ -$ 0 -$
Benefits 107 - - - 0 -
Staff Development - - - - 0 -
Contract Services 5,463,946 5,654,282 7,032,908 1,502,910 21%(5,529,998)
Maintenance 52,275 56,463 120,000 42,364 35%(77,636)
Operations 78,136 447,634 219,600 77,330 35%(142,270)
Capital Outlay - 38,200 25,000 26,094 104%1,094
Debt Service 252,432 262,228 278,100 - 0%(278,100)
Transfers Out - - - - 0 -
Subtotal Fire Fund Expenditures 5,847,693 6,459,615 7,675,608 1,648,697 21%(6,026,911)
NET OPERATING REVENUE 1,866,408 1,235,074 332,392 3,437,358
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
Capital Outlay (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 14
CITY OF EASTVALE UNAUDITED: 70% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER THREE ending March 31, 2023 | 9 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$ 1,292,705$ 68%615,275$
205 SB1 1,228,573 1,378,406 1,505,500 920,703 61%584,797
206 Area Drainage Plan (ADP)(2,060) (493) 8,000 14,165 177%(6,165)
210 Measure A 1,834,932 2,189,098 2,032,000 2,087,054 103%(55,054)
211 TDA Fund - - - - 0%-
220 AQMD 91,756 143,575 122,000 53,481 44%68,519
230 Grants: Law Enforcement Grants - - - - 0%-
240 Grants: Miscellaneous Grants Fund 432,400 668,027 7,793,400 328,978 4%7,464,422
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 1,400 761 54%639
250 Grants: Community Development Block Grant - - 165,000 - 0%165,000
260 Local Law Enforcement Services 157,695 165,428 160,000 125,955 79%34,045
270 TUMF Reimbursement Fund - - 4,050,000 - 0%4,050,000
290 Transportation DIF 115,440 119,761 432,000 440,102 102%(8,102)
291 Fire DIF 54,388 46,690 64,800 42,565 66%22,235
292 Public Facilities DIF 397,553 102,648 201,200 158,728 79%42,472
293 Road and Bridge Benefit District 84,487 454,300 30,000 146,743 489%(116,743)
300 LLMD 89-1 Zone 10 3,188 3,820 4,740 2,371 50%2,369
301 LLMD 89-1 Zone 33 (21,661) 1,171 1,720 378 22%1,342
302 LLMD 89-1 Zone 41 188,123 171,435 44,615 46,415 104%(1,800)
303 LLMD 89-1 Zone 79 2,367 2,593 1,380 949 69%431
304 LLMD 89-1 Zone 85 1,091 3,008 295 598 203%(303)
305 LLMD 89-1 Zone 111 25,513 23,997 22,140 13,472 61%8,668
306 LLMD 89-1 Zone 115 2,807 3,726 4,095 2,394 58%1,701
307 LLMD 89-1 Zone 116 8,553 8,031 7,130 4,327 61%2,803
308 LLMD 89-1 Zone 147 198 1,552 1,710 884 52%826
309 LLMD 89-1 Zone 151 6,393 7,659 9,510 6,579 69%2,931
310 LLMD 89-1 Zone 156 4,722 5,750 7,140 4,465 63%2,675
311 Benefit Assessment District 2014-2 4,776 12,563 10,988 2,206 20%8,782
312 LLMD 2014-1 3,781 19,499 17,794 1,979 11%15,815
313 LLMD 2014-3 3,313 8,489 6,904 1,381 20%5,523
314 LLMD 2014-4 2,078 6,850 5,864 920 16%4,944
315 Community Facilities District 2019-1 9,284 10,162 6,000 5,863 98%137
400 Community Facilities District 2017-1 73,612 74,687 35,320 21,816 62%13,504
401 Community Facilities District 2017-2 33,308 43,192 22,160 25,390 115%(3,230)
402 Community Facilities District 2020-1 72,863 73,498 36,100 64,222 178%(28,122)
403 LMD 98-2 ORIGINAL - 16,635 6,250 3,660 59%2,590
404 LMD 98-2 ANNEX 01/Zone A - 2,006 4,460 2,294 51%2,166
405 LMD 98-2 ANNEX 02/Zone B - 41,892 91,370 48,738 53%42,632
406 LMD 98-2 ANNEX 03/Zone C - 4,299 9,340 5,037 54%4,303
407 LMD 98-2 ANNEX 04/Zone D - 6,233 13,620 7,387 54%6,233
408 LMD 98-2 ANNEX 06/Zone F - 29,516 13,990 7,990 57%6,000
409 LMD 2001-1 Zone G - 1,862 - 551 0%(551)
410 LMD 2001-1 Zone S - 2,420 1,040 667 64%373
411 LMD 2001-1 Zone W - 20,337 1,260 7,607 604%(6,347)
412 LMD 2001-2 Zone A - 49,149 14,700 9,851 67%4,849
413 LMD 2001-2 Zone B - 26,356 17,320 5,601 32%11,719
414 LMD 2001-2 Zone C - 1,423 9,740 550 6%9,190
415 LMD 2001-2 Zone D - 17,303 1,050 3,701 352%(2,651)
% Budget
Used
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 15
CITY OF EASTVALE UNAUDITED: 70% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER THREE ending March 31, 2023 | 9 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
416 LMD 2001-2 Zone F - 3,128 6,440 904 14%5,536
417 LMD 2001-2 Zone G - 26,486 1,710 5,528 323%(3,818)
418 LMD 2001-2 Zone H - 39,891 9,590 8,439 88%1,151
419 LMD 2001-2 Zone J - 27,374 14,420 5,715 40%8,705
420 LMD 2001-2 Zone K 0 1,954 9,970 941 9%9,029
421 LMD 2001-2 Zone M - 2,315 1,710 971 57%739
422 LMD 2001-3 Zone A - 3,901 9,790 6,310 64%3,480
423 LMD 2001-3 Zone B - 3,372 7,300 3,794 52%3,506
424 LMD 2001-3 Zone C - 22,478 7,860 4,458 57%3,402
425 LMD 2001-3 Zone D - 45,713 16,280 9,365 58%6,915
426 LMD 2001-3 Zone E - 100,204 35,340 20,425 58%14,915
427 LMD 2001-3 Zone F - 38,201 13,600 7,959 59%5,641
428 LMD 2001-3 Zone G - 3,433 7,950 4,493 57%3,457
429 LMD 2001-3 Zone H - 15,451 5,650 3,299 58%2,351
430 LMD 2001-3 Zone I (0) 61,716 21,630 12,279 57%9,351
431 LMD 2001-3 Zone J - 17,644 6,390 3,607 56%2,783
432 LMD 2001-3 Zone K - 18,021 6,630 4,061 61%2,569
433 LMD 2001-3 Zone L - 19,057 7,070 4,186 59%2,884
434 LMD 2001-3 Zone M - 55,807 20,040 11,640 58%8,400
435 LMD 2001-3 Zone N - 40,800 17,900 9,887 55%8,013
436 LMD 2001-3 Zone O - 6,576 2,560 1,394 54%1,166
437 LMD 2001-3 Zone P - 38,497 13,520 8,322 62%5,198
438 LMD 2001-3 Zone Q - 15,405 5,580 3,284 59%2,297
439 LMD 2001-3 Zone R - 1,849 1,010 536 53%474
440 LMD 2001-3 Zone S 0 7,430 2,880 1,664 58%1,216
441 LMD 2001-3 Zone T - 57,013 19,620 11,171 57%8,449
442 LMD 2001-3 Zone U - 37,570 13,460 7,955 59%5,505
443 LMD 2001-3 Zone V - 63,337 21,820 12,385 57%9,435
444 LMD 2001-3 Zone W - 19,463 7,070 4,288 61%2,782
445 LMD 2001-3 Zone X - 5,519 2,210 1,293 58%917
446 LMD 2001-3 Zone Y - 9,212 3,460 1,981 57%1,479
447 LMD 2001-3 Zone Z - 10,185 3,810 2,268 60%1,542
448 LMD 2001-3 Zone AA - 6,467 2,520 1,560 62%960
449 LMD 2001-3 Zone BB - 6,006 2,290 1,281 56%1,009
450 LMD 2001-3 Zone CC - 23,574 8,570 4,895 57%3,675
451 LMD 2001-3 Zone DD - 50,873 18,070 10,329 57%7,741
452 LMD 2001-3 Zone EE - 24,752 9,070 5,544 61%3,526
453 LMD 2001-3 Zone FF - 30,391 11,090 6,424 58%4,666
454 LMD 2001-3 Zone GG - 15,382 5,630 3,264 58%2,366
455 LMD 2001-3 Zone HH - 12,334 4,570 2,664 58%1,906
456 LMD 2001-3 Zone II - 27,648 9,680 5,638 58%4,042
457 LMD 2001-3 Zone JJ - 4,943 1,990 1,079 54%911
458 LMD 2001-3 Zone KK - 2,842 1,460 868 59%592
459 LMD 2001-3 Zone LL - 10,721 3,900 2,283 59%1,617
460 LMD 2001-3 Zone MM - 8,137 3,280 1,876 57%1,404
461 LMD 2001-3 Zone NN - 19,085 6,840 4,015 59%2,825
462 LMD 2001-3 Zone OO - 18,826 6,750 3,884 58%2,866
463 LMD 2001-3 Zone PP - 22,147 7,820 4,750 61%3,070
464 LMD 2001-3 Zone QQ - 8,658 3,410 2,047 60%1,363
465 LMD 2001-3 Zone RR - 57,429 20,100 11,529 57%8,571
466 LMD 2001-3 Zone SS - 21,381 7,610 4,326 57%3,284
467 LMD 2001-3 Zone TT - 9,128 3,370 1,877 56%1,493
468 LMD 2001-3 Zone UU - 7,023 2,650 1,520 57%1,130
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 16
CITY OF EASTVALE UNAUDITED: 70% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER THREE ending March 31, 2023 | 9 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
469 LMD 2001-3 Zone VV - 5,921 2,300 1,346 59%954
470 LMD 2001-3 Zone WW - 24,592 8,980 5,579 62%3,401
471 LMD 2001-3 Zone XX - 3,489 1,870 1,261 67%609
472 LMD 2001-3 Zone YY - 27,233 9,870 6,057 61%3,813
473 LMD 2001-3 Zone ZZ - 11,014 4,160 2,557 61%1,603
474 LMD 2001-3 Zone AAA - 47,941 16,620 9,616 58%7,004
475 LMD 2001-3 Zone BBB - 30,674 10,830 6,115 56%4,715
476 LMD 2001-3 Zone CCC - 65,738 23,300 13,697 59%9,603
477 LMD 2001-3 Zone DDD - 56,233 19,510 11,085 57%8,425
478 LMD 2001-3 Zone EEE - 6,186 2,820 1,559 55%1,261
479 LMD 2001-3 Zone FFF - 54,497 18,750 11,160 60%7,590
480 LMD 2001-3 Zone GGG - 19,694 7,260 4,394 61%2,866
481 LMD 2001-3 Zone HHH - 828 2,160 1,282 59%878
482 LMD 2001-3 Zone III - 26,815 12,780 7,806 61%4,974
483 LMD 2001-3 Zone JJJ - 31,081 10,840 6,176 57%4,664
484 LMD 2001-3 Zone LLL - 6,082 2,870 8,947 312%(6,077)
485 LMD 2001-3 Zone MMM - 20,050 7,670 5,171 67%2,499
486 Illumination District No 2 Subarea 35 - 8,749 3,580 3,029 85%551
487 Illumination District No 2 Subarea 42 - 2,513 1,180 823 70%357
488 Illumination District No 2 Subarea 46 - 9,336 3,060 1,669 55%1,391
489 Illumination District No 2 Subarea 49 - 11,841 3,830 2,095 55%1,735
490 Illumination District No 2 Subarea 55 - 2,344 620 347 56%273
500 Debt Service 468,699 4,509,981 - - 0%-
600 Capital Projects 1,520,007 2,143,140 10,790,377 1,350,000 13%9,440,377
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 9,035,335 23,268,586 35,316,963 7,650,406 22%26,362,905
Expenditures
200 Gas Tax 4,240,697$ 1,994,824$ 4,769,892$ 617,450$ 13%4,152,442$
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 6,165,589 1,156,837 19%5,008,752
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 596,167 520,016 19,155,784 145,775 1%19,010,009
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 - - 196,130 - 0%196,130
260 Local Law Enforcement Services 157,746 165,428 - - 0%-
270 TUMF Reimbursement Fund 281,042 344,067 5,600,000 108,867 2%5,491,133
290 Transportation DIF 248,377 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 (98,390) -2%5,098,390
300 LLMD 89-1 Zone 10 1,414 508 840 116 14%724
301 LLMD 89-1 Zone 33 334 425 525 (14) -3%539
302 LLMD 89-1 Zone 41 15,601 84,713 32,850 (18,356) -56%51,206
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 17
CITY OF EASTVALE UNAUDITED: 70% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER THREE ending March 31, 2023 | 9 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
303 LLMD 89-1 Zone 79 1,430 2,966 1,260 647 51%613
304 LLMD 89-1 Zone 85 151 1,174 220 (380) -173%600
305 LLMD 89-1 Zone 111 10,954 19,734 20,535 4,355 21%16,180
306 LLMD 89-1 Zone 115 7,143 12,838 7,160 5,760 80%1,400
307 LLMD 89-1 Zone 116 3,786 6,734 4,505 2,334 52%2,171
308 LLMD 89-1 Zone 147 3,026 4,315 2,510 2,700 108%(190)
309 LLMD 89-1 Zone 151 14,884 15,413 8,930 12,395 139%(3,465)
310 LLMD 89-1 Zone 156 8,991 10,803 6,900 6,818 99%82
311 Benefit Assessment District 2014-2 3,233 7,887 5,665 3,235 57%2,430
312 LLMD 2014-1 2,187 8,527 9,220 3,116 34%6,104
313 LLMD 2014-3 2,374 5,346 4,365 2,430 56%1,935
314 LLMD 2014-4 909 2,399 3,190 438 14%2,752
315 Community Facilities District 2019-1 3,208 3,840 3,120 2,370 76%750
400 Community Facilities District 2017-1 3,282 7,697 10,400 293 3%10,107
401 Community Facilities District 2017-2 17,709 20,518 42,692 13,954 33%28,738
402 Community Facilities District 2020-1 10,258 83,623 109,150 75,986 70%33,164
403 LMD 98-2 ORIGINAL - 1,698 7,669 2,117 28%5,552
404 LMD 98-2 ANNEX 01/Zone A - 4,197 5,531 1,635 30%3,896
405 LMD 98-2 ANNEX 02/Zone B - 28,806 61,172 18,021 29%43,151
406 LMD 98-2 ANNEX 03/Zone C - 4,028 11,948 3,377 28%8,571
407 LMD 98-2 ANNEX 04/Zone D - 8,607 15,762 4,422 28%11,340
408 LMD 98-2 ANNEX 06/Zone F - 2,892 12,969 3,478 27%9,491
409 LMD 2001-1 Zone G - 145 532 268 50%264
410 LMD 2001-1 Zone S - 336 1,363 566 42%797
411 LMD 2001-1 Zone W - 6,258 7,853 12,483 159%(4,630)
412 LMD 2001-2 Zone A - 3,342 25,028 6,040 24%18,987
413 LMD 2001-2 Zone B - 2,788 13,734 3,639 26%10,095
414 LMD 2001-2 Zone C - 130 2,407 451 19%1,956
415 LMD 2001-2 Zone D - 1,870 7,184 2,493 35%4,691
416 LMD 2001-2 Zone F - 528 3,227 749 23%2,479
417 LMD 2001-2 Zone G - 1,616 5,835 2,352 40%3,483
418 LMD 2001-2 Zone H - 4,696 19,327 6,116 32%13,212
419 LMD 2001-2 Zone J - 3,096 14,170 4,465 32%9,705
420 LMD 2001-2 Zone K - 841 2,412 2,093 87%319
421 LMD 2001-2 Zone M - 373 4,035 540 13%3,495
422 LMD 2001-3 Zone A - 18,822 7,713 2,106 27%5,607
423 LMD 2001-3 Zone B - 6,507 4,427 1,293 29%3,135
424 LMD 2001-3 Zone C - 1,011 4,196 1,180 28%3,016
425 LMD 2001-3 Zone D - 2,297 9,612 2,473 26%7,139
426 LMD 2001-3 Zone E - 5,080 21,198 5,356 25%15,842
427 LMD 2001-3 Zone F - 447 490 254 52%236
428 LMD 2001-3 Zone G - 2,379 6,435 1,867 29%4,568
429 LMD 2001-3 Zone H - 1,149 5,108 1,395 27%3,714
430 LMD 2001-3 Zone I - 5,857 26,329 6,706 25%19,623
431 LMD 2001-3 Zone J - 1,659 7,538 1,950 26%5,588
432 LMD 2001-3 Zone K - 2,579 11,976 3,170 26%8,806
433 LMD 2001-3 Zone L - 2,020 9,228 2,383 26%6,844
434 LMD 2001-3 Zone M - 3,567 15,429 3,478 23%11,951
435 LMD 2001-3 Zone N - 7,409 34,639 8,822 25%25,816
436 LMD 2001-3 Zone O - 319 1,423 414 29%1,009
437 LMD 2001-3 Zone P - 1,835 7,600 2,020 27%5,580
438 LMD 2001-3 Zone Q - 900 4,020 1,048 26%2,972
439 LMD 2001-3 Zone R - 221 1,119 346 31%772
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 18
CITY OF EASTVALE UNAUDITED: 70% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER THREE ending March 31, 2023 | 9 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
440 LMD 2001-3 Zone S - 359 1,560 483 31%1,077
441 LMD 2001-3 Zone T - 2,633 10,863 2,845 26%8,018
442 LMD 2001-3 Zone U - 1,964 8,284 9,294 112%(1,010)
443 LMD 2001-3 Zone V - 3,075 12,200 3,482 29%8,717
444 LMD 2001-3 Zone W - 1,058 4,247 1,332 31%2,915
445 LMD 2001-3 Zone X - 274 1,240 387 31%852
446 LMD 2001-3 Zone Y - 446 220 587 267%(367)
447 LMD 2001-3 Zone Z - 491 2,112 623 30%1,489
448 LMD 2001-3 Zone AA - 331 1,483 446 30%1,037
449 LMD 2001-3 Zone BB - 262 1,162 368 32%794
450 LMD 2001-3 Zone CC - 2,502 11,433 2,957 26%8,476
451 LMD 2001-3 Zone DD - 2,821 11,986 3,204 27%8,781
452 LMD 2001-3 Zone EE - 1,437 6,175 1,807 29%4,369
453 LMD 2001-3 Zone FF - 3,107 14,102 3,716 26%10,386
454 LMD 2001-3 Zone GG - 747 3,169 900 28%2,269
455 LMD 2001-3 Zone HH - 601 2,582 737 29%1,845
456 LMD 2001-3 Zone II - 1,279 5,314 1,470 28%3,843
457 LMD 2001-3 Zone JJ - 235 1,065 351 33%714
458 LMD 2001-3 Zone KK - 1,222 5,942 1,560 26%4,382
459 LMD 2001-3 Zone LL - 513 2,203 667 30%1,536
460 LMD 2001-3 Zone MM - 709 3,258 892 27%2,366
461 LMD 2001-3 Zone NN - 904 3,797 1,091 29%2,706
462 LMD 2001-3 Zone OO - 951 3,828 1,150 30%2,679
463 LMD 2001-3 Zone PP - 1,174 4,710 1,446 31%3,264
464 LMD 2001-3 Zone QQ - 461 2,047 568 28%1,479
465 LMD 2001-3 Zone RR - 2,837 11,853 3,027 26%8,825
466 LMD 2001-3 Zone SS - 1,027 4,301 1,253 29%3,048
467 LMD 2001-3 Zone TT - 521 2,295 705 31%1,590
468 LMD 2001-3 Zone UU - 305 1,342 401 30%940
469 LMD 2001-3 Zone VV - 366 1,658 506 31%1,152
470 LMD 2001-3 Zone WW - 1,231 5,176 1,433 28%3,743
471 LMD 2001-3 Zone XX - 342 1,436 1,064 74%372
472 LMD 2001-3 Zone YY - 2,722 12,332 3,172 26%9,160
473 LMD 2001-3 Zone ZZ - 536 2,301 639 28%1,662
474 LMD 2001-3 Zone AAA - 2,252 9,302 2,533 27%6,769
475 LMD 2001-3 Zone BBB - 1,610 6,845 1,878 27%4,967
476 LMD 2001-3 Zone CCC - 4,129 17,796 4,661 26%13,135
477 LMD 2001-3 Zone DDD - 2,857 11,973 3,283 27%8,690
478 LMD 2001-3 Zone EEE - 73 230 229 99%1
479 LMD 2001-3 Zone FFF - 2,621 10,977 2,723 25%8,254
480 LMD 2001-3 Zone GGG - 1,204 5,256 1,485 28%3,771
481 LMD 2001-3 Zone HHH - 2,030 2,900 1,134 39%1,767
482 LMD 2001-3 Zone III - 3,679 24,331 3,412 14%20,920
483 LMD 2001-3 Zone JJJ - 1,547 6,490 1,848 28%4,641
484 LMD 2001-3 Zone LLL - 7,900 3,102 1,128 36%1,974
485 LMD 2001-3 Zone MMM - 1,078 4,575 1,217 27%3,358
486 Illumination District No 2 Subarea 35 - 1,250 4,843 2,106 43%2,737
487 Illumination District No 2 Subarea 42 - 407 1,627 787 48%840
488 Illumination District No 2 Subarea 46 - 1,212 5,140 1,790 35%3,350
489 Illumination District No 2 Subarea 49 - 1,498 6,045 2,269 38%3,776
490 Illumination District No 2 Subarea 55 - 268 1,205 462 38%743
500 Debt Service 467,960 4,510,719 - - 0%-
600 Capital Projects 609,510 1,021,164 13,727,335 1,674,808 12%12,052,527
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 19
CITY OF EASTVALE UNAUDITED: 70% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER THREE ending March 31, 2023 | 9 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
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 10,283,445 20,541,150 58,270,010 4,392,962 8%53,877,048
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 20
CITY OF EASTVALE UNAUDITED: 70% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER THREE ending March 31, 2023 | 9 months
Available Resources Summary
Restated
Audited Fund
Balance
Restated
Unaudited Fund
Balance
Amended
Revenue Budget
Amended
Expenditure
Budget
Estimated
Available Balance
Fund Name & Type 2020-21 2021-22 3/31/2023 3/31/2023 3/31/2023
GENERAL FUNDS
100 General Fund 61,854,162$ 96,083,818$ 64,729,435$ 42,106,239$ 118,707,014$
TOTAL General Funds 61,854,162 96,083,818 64,729,435 42,106,239 118,707,014
OTHER PURPOSE GENERAL FUNDS
110 Restricted Structural Fire Fund 13,238,041$ 14,473,114$ 8,008,000$ 7,702,608$ 14,778,506$
TOTAL Other Purpose General Funds 13,238,041 14,473,114 8,008,000 7,702,608 14,778,506
SPECIAL REVENUE FUNDS
200 Gas Tax Fund 3,543,943$ 3,154,024$ 1,907,980$ 4,769,892$ 292,112$ 205 Road Maintenance and Rehabilitation Fund 1,143,195 800,050 1,505,500 1,545,000 760,550
206 Area Drainage Plan (ADP)903,503 885,689 8,000 300,000 593,689 210 Measure A Fund 4,350,543 4,648,626 2,032,000 6,165,589 515,037 211 TDA Fund - (102,318) - 232,500 (334,818)
220 Air Quality Management District 493,791 513,467 122,000 114,444 521,023
230 Law Enforcement Grants - - - - - 240 Grants: Miscellaneous Grants Fund (162,796) (14,784) 7,793,400 19,155,784 (11,377,168) 241 Grants: Coronavirus Relief Fund - - - - -
242 Grants: American Rescue Plan Act Fund - - 3,680,109 - 3,680,109 243 Public, Educational, or Governmental Access Fund - - - - - 250 Grants: Community Development Block Grant (7) (7) 165,000 196,130 (31,137)
260 Local Law Enforcement Services - - 160,000 - 160,000
270 TUMF Reimbursement Find (281,100) (625,167) 4,050,000 5,600,000 (2,175,167) 290 DIF Transportation Facilities Fund 310,602 423,775 432,000 3,040 852,735 291 DIF Fire Facilities Fund 500,518 538,832 64,800 1,290 602,342
292 DIF Public Facilities Fund 496,836 590,338 201,200 494,020 297,518
293 Road and Bridge Benefit District 6,445,412 6,670,033 30,000 5,000,000 1,700,033 300 LLMD 89-1 Zone 10 (7,381) (4,069) 4,740 840 (169) 301 LLMD 89-1 Zone 33 6,464 7,210 1,720 525 8,405
302 LLMD 89-1 Zone 41 1,701,381 1,788,103 44,615 32,850 1,799,868 303 LLMD 89-1 Zone 79 16,580 16,207 1,380 1,260 16,327 304 LLMD 89-1 Zone 85 28,766 30,600 295 220 30,675
305 LLMD 89-1 Zone 111 162,397 166,660 22,140 20,535 168,265
306 LLMD 89-1 Zone 115 (19,095) (28,207) 4,095 7,160 (31,272) 307 LLMD 89-1 Zone 116 59,745 61,041 7,130 4,505 63,666 308 LLMD 89-1 Zone 147 (3,448) (6,212) 1,710 2,510 (7,012)
309 LLMD 89-1 Zone 151 (43,000) (50,753) 9,510 8,930 (50,173) 310 LLMD 89-1 Zone 156 (17,467) (22,520) 7,140 6,900 (22,280) 311 Benefit Assessment District 2014-2 8,727 13,403 10,988 5,665 18,726
312 LLMD 2014-1 7,576 18,548 17,794 9,220 27,122
313 LLMD 2014-3 4,748 7,890 6,904 4,365 10,429 314 LLMD 2014-4 5,729 10,180 5,864 3,190 12,854 315 Community Facilities District 2019-1 (6,975) (654) 6,000 3,120 2,226
400 Community Facilities District 2017-1 188,809 255,799 35,320 10,400 280,719
401 Community Facilities District 2017-2 30,523 53,197 22,160 42,692 32,665 402 Community Facilities District 2020-1 62,605 52,480 36,100 109,150 (20,570)
403 LMD 98-2 ORIGINAL - 14,937 6,250 7,669 13,518
404 LMD 98-2 ANNEX 01/Zone A - (2,191) 4,460 5,531 (3,261) 405 LMD 98-2 ANNEX 02/Zone B - 13,087 91,370 61,172 43,285 406 LMD 98-2 ANNEX 03/Zone C - 272 9,340 11,948 (2,337)
407 LMD 98-2 ANNEX 04/Zone D - (2,374) 13,620 15,762 (4,517)
408 LMD 98-2 ANNEX 06/Zone F - 26,624 13,990 12,969 27,645 409 LMD 2001-1 Zone G - 1,717 - 532 1,185 410 LMD 2001-1 Zone S - 2,089 1,040 1,363 1,767
411 LMD 2001-1 Zone W - 14,079 1,260 7,853 7,486 412 LMD 2001-2 Zone A - 45,807 14,700 25,028 35,479 413 LMD 2001-2 Zone B - 23,568 17,320 13,734 27,154
414 LMD 2001-2 Zone C - 1,293 9,740 2,407 8,626
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 21
CITY OF EASTVALE UNAUDITED: 70% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER THREE ending March 31, 2023 | 9 months
Available Resources Summary
Restated
Audited Fund
Balance
Restated
Unaudited Fund
Balance
Amended
Revenue Budget
Amended
Expenditure
Budget
Estimated
Available Balance
Fund Name & Type 2020-21 2021-22 3/31/2023 3/31/2023 3/31/2023
415 LMD 2001-2 Zone D - 15,432 1,050 7,184 9,298 416 LMD 2001-2 Zone F - 2,600 6,440 3,227 5,813
417 LMD 2001-2 Zone G - 24,870 1,710 5,835 20,745
418 LMD 2001-2 Zone H - 35,195 9,590 19,327 25,458 419 LMD 2001-2 Zone J - 24,278 14,420 14,170 24,527 420 LMD 2001-2 Zone K - 1,117 9,970 2,412 8,675
421 LMD 2001-2 Zone M - 1,942 1,710 4,035 (384)
422 LMD 2001-3 Zone A - (14,920) 9,790 7,713 (12,843) 423 LMD 2001-3 Zone B - (3,135) 7,300 4,427 (262) 424 LMD 2001-3 Zone C - 21,467 7,860 4,196 25,131
425 LMD 2001-3 Zone D - 43,417 16,280 9,612 50,084 426 LMD 2001-3 Zone E - 95,124 35,340 21,198 109,266 427 LMD 2001-3 Zone F - 37,754 13,600 490 50,864
428 LMD 2001-3 Zone G - 1,054 7,950 6,435 2,569
429 LMD 2001-3 Zone H - 14,303 5,650 5,108 14,844 430 LMD 2001-3 Zone I - 55,862 21,630 26,329 51,162 431 LMD 2001-3 Zone J - 15,985 6,390 7,538 14,836
432 LMD 2001-3 Zone K - 15,442 6,630 11,976 10,096 433 LMD 2001-3 Zone L - 17,038 7,070 9,228 14,880 434 LMD 2001-3 Zone M - 52,240 20,040 15,429 56,851
435 LMD 2001-3 Zone N - 33,391 17,900 34,639 16,652
436 LMD 2001-3 Zone O - 6,257 2,560 1,423 7,394 437 LMD 2001-3 Zone P - 36,662 13,520 7,600 42,582 438 LMD 2001-3 Zone Q - 14,505 5,580 4,020 16,065
439 LMD 2001-3 Zone R - 1,628 1,010 1,119 1,520 440 LMD 2001-3 Zone S - 7,075 2,880 1,560 8,395 441 LMD 2001-3 Zone T - 54,380 19,620 10,863 63,137
442 LMD 2001-3 Zone U - 35,606 13,460 8,284 40,782
443 LMD 2001-3 Zone V - 60,262 21,820 12,200 69,883 444 LMD 2001-3 Zone W - 18,405 7,070 4,247 21,228 445 LMD 2001-3 Zone X - 5,245 2,210 1,240 6,215
446 LMD 2001-3 Zone Y - 8,765 3,460 220 12,005
447 LMD 2001-3 Zone Z - 9,695 3,810 2,112 11,393 448 LMD 2001-3 Zone AA - 6,136 2,520 1,483 7,174 449 LMD 2001-3 Zone BB - 5,743 2,290 1,162 6,871
450 LMD 2001-3 Zone CC - 21,073 8,570 11,433 18,210 451 LMD 2001-3 Zone DD - 48,052 18,070 11,986 54,137 452 LMD 2001-3 Zone EE - 23,315 9,070 6,175 26,210
453 LMD 2001-3 Zone FF - 27,284 11,090 14,102 24,272
454 LMD 2001-3 Zone GG - 14,635 5,630 3,169 17,096 455 LMD 2001-3 Zone HH - 11,733 4,570 2,582 13,721 456 LMD 2001-3 Zone II - 26,369 9,680 5,314 30,735
457 LMD 2001-3 Zone JJ - 4,707 1,990 1,065 5,632 458 LMD 2001-3 Zone KK - 1,620 1,460 5,942 (2,863) 459 LMD 2001-3 Zone LL - 10,208 3,900 2,203 11,905
460 LMD 2001-3 Zone MM - 7,428 3,280 3,258 7,450
461 LMD 2001-3 Zone NN - 18,180 6,840 3,797 21,224 462 LMD 2001-3 Zone OO - 17,875 6,750 3,828 20,796 463 LMD 2001-3 Zone PP - 20,973 7,820 4,710 24,083
464 LMD 2001-3 Zone QQ - 8,196 3,410 2,047 9,560 465 LMD 2001-3 Zone RR - 54,592 20,100 11,853 62,839 466 LMD 2001-3 Zone SS - 20,354 7,610 4,301 23,663
467 LMD 2001-3 Zone TT - 8,607 3,370 2,295 9,682
468 LMD 2001-3 Zone UU - 6,717 2,650 1,342 8,026
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 22
CITY OF EASTVALE UNAUDITED: 70% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER THREE ending March 31, 2023 | 9 months
Available Resources Summary
Restated
Audited Fund
Balance
Restated
Unaudited Fund
Balance
Amended
Revenue Budget
Amended
Expenditure
Budget
Estimated
Available Balance
Fund Name & Type 2020-21 2021-22 3/31/2023 3/31/2023 3/31/2023
469 LMD 2001-3 Zone VV - 5,555 2,300 1,658 6,196 470 LMD 2001-3 Zone WW - 23,361 8,980 5,176 27,164
471 LMD 2001-3 Zone XX - 3,147 1,870 1,436 3,581
472 LMD 2001-3 Zone YY - 24,511 9,870 12,332 22,050 473 LMD 2001-3 Zone ZZ - 10,479 4,160 2,301 12,337 474 LMD 2001-3 Zone AAA - 45,690 16,620 9,302 53,008
475 LMD 2001-3 Zone BBB - 29,064 10,830 6,845 33,049
476 LMD 2001-3 Zone CCC - 61,609 23,300 17,796 67,113 477 LMD 2001-3 Zone DDD - 53,376 19,510 11,973 60,913 478 LMD 2001-3 Zone EEE - 6,113 2,820 230 8,703
479 LMD 2001-3 Zone FFF - 51,876 18,750 10,977 59,649 480 LMD 2001-3 Zone GGG - 18,489 7,260 5,256 20,493 481 LMD 2001-3 Zone HHH - (1,202) 2,160 2,900 (1,942)
482 LMD 2001-3 Zone III - 23,136 12,780 24,331 11,585
483 LMD 2001-3 Zone JJJ - 29,534 10,840 6,490 33,885 484 LMD 2001-3 Zone LLL - (1,818) 2,870 3,102 (2,050) 485 LMD 2001-3 Zone MMM - 18,972 7,670 4,575 22,067
486 Illumination District No 2 Subarea 35 - 7,499 3,580 4,843 6,236 487 Illumination District No 2 Subarea 42 - 2,106 1,180 1,627 1,659 488 Illumination District No 2 Subarea 46 - 8,124 3,060 5,140 6,043
489 Illumination District No 2 Subarea 49 - 10,343 3,830 6,045 8,128
490 Illumination District No 2 Subarea 55 - 2,076 620 1,205 1,492
TOTAL Special Revenue Funds 19,931,122 21,535,146 23,221,534 44,542,675 214,005
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$ 10,790,377$ 13,727,335$ (28,000)$ 601 General Information Technology Capital Replaceme - - 433,652 - 433,652 602 General Fleet Capital Replacement Fund - - 120,000 - 120,000 603 General Street Maintenance Capital Fund - - 500,000 - 500,000 604 General Facility Maintenance Capital Fund - - 250,000 - 250,000
TOTAL Capital Projects Fund 1,786,981 2,908,958 12,094,029 13,727,335 1,275,652
INTERNAL SERVICE FUNDS
700 Information Technology Reserve Fund - -$ -$ -$ -$
TOTAL Internal Service Funds - - - - -
TOTAL 96,811,044$ 135,001,036$ 108,052,998$ 108,078,857$ 134,975,177$
GENERAL FUND - FUND BALANCE RESERVES AND COMMITMENTS
Total General Fund Estimated Fund Balance at 03/31/2022 118,707,014$
Nonspendable (Per 06/30/2022 ACFR):Prepaid Items 260,181 Total Nonspendable Fund Balance 260,181
Assigned:Emergency Contingency (50% of Adopted Appropriations)15,003,151
Total Assigned Reserves 15,003,151
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
Public Safety Rate Increase Stabilization 1,000,000
53,620,500
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 23
CITY OF EASTVALE UNAUDITED: 70% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER THREE ending March 31, 2023 | 9 months
Available Resources Summary
Restated
Audited Fund
Balance
Restated
Unaudited Fund
Balance
Amended
Revenue Budget
Amended
Expenditure
Budget
Estimated
Available Balance
Fund Name & Type 2020-21 2021-22 3/31/2023 3/31/2023 3/31/2023
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 03/31/2022 5,042,934$
RESTRICTED STRUCTURAL FIRE FUND - FUND BALANCE RESERVES AND COMMITMENTS
Total Fire Funds Estimated Fund Balance at 03/31/2022 14,473,114$
Assigned:Emergency Contingency (75% of Adopted Appropriations)5,756,706 Total Assigned Reserves 5,756,706
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 03/31/2022 316,408$
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 24
CITY OF EASTVALE UNAUDITED: 70% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER THREE ending March 31, 2023 | 9 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 6/30/2023
GENERAL FUNDS
100 General Fund 61,854,162$ 96,083,818$ 64,729,435$ 42,106,239$ 118,707,014$
TOTAL General Funds 61,854,162 96,083,818 64,729,435 42,106,239 118,707,014
Assigned 50% Contingency Reserve
Policy: 50% of Annual Budgeted Operating ExpendituresTotal Expenditures 42,106,239 Non-Operating Expenditures 12,099,936 Operating Expenditures 30,006,303
50% Reserve 15,003,151
OTHER PURPOSE GENERAL FUNDS
110 Restricted Structural Fire Fund 13,238,041$ 14,473,114$ 8,008,000$ 7,702,608$ 14,778,506$
TOTAL Other Purpose General Funds 13,238,041 14,473,114 8,008,000 7,702,608 14,778,506
Assigned 75% Contingency ReservePolicy: 75% of Annual Budgeted Operating ExpendituresTotal Expenditures 7,702,608 Non-Operating Expenditures 27,000 Operating Expenditures 7,675,608
75% Reserve 5,756,706
City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 25
CITY OF EASTVALE UNAUDITED: 70% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER THREE ending March 31, 2023 | 9 months
Appropriations Limit Summary
Pre Voter
Approved
Override
Voter
Approved
Override
Post Voter
Approved
Override
Post Voter
Approved
Override
2017-18 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 26
CITY OF EASTVALE UNAUDITED: 70% Reported
Fiscal Year 2022-23Interim Financial Report | QUARTER THREE ending March 31, 2023 | 9 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 13,047,249
Quarter 3 2,129,355 2,272,291 10,892,874 10,836,091 10,173,170 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 34,936,576 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 27