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FISCAL YEAR 2022-23, QUARTER 4 ENDING JUNE 30, 2023K 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 FOUR | 12 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 FOUR ending June 30, 2023 | 12 months, 99% 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 12-month period ending June 30, 2023. The figures contained in this report are audited for fiscal years 2020-21, 2021-22, and unaudited for the 2022-23 fiscal year. The informa�on in this report reflects budget amendments approved by the City Council throughout the year. QUARTER 4 HIGHLIGHTS: Key changes impacting the city during the fourth 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 generated 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. Ending the Fiscal Year: The city will likely finish the year with an approximate $31.1 million in budget surplus in the General Fund. These funds have already been commited by the City Council during the fiscal year 2022-23 budget process for the City’s Civic Center project. Similarly, the Fire Fund will complete the year with a $2.4 million budget surplus and these funds will likely be set aside in the Third Fire Sta�on reserve. Fund Balance: The city is projected to complete the year with a grand total of $118.1 million in fund balance in the General Fund. Per City Council adopted policy, a litle over $15.3 million is set aside as an assigned emergency reserve for opera�ons. A total of $92.5 million has been commited by the City Council for the Civic Center project and other capital reserves; a total of $8.0 million has been appropriated from reserves to begin design of the facili�es. The es�mated remaining $4.1 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, however the amount is restricted by Riverside County through the city’s neutrality agreement for fire services provision only. 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 California Department of Tax and Fee Administra�on has not reallocated the payment. The true-up is es�mated at $8.0 million and remains unbudgeted due to the unknown �ming of the payment. 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 exceeded 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 FOUR ending June 30, 2023 | 12 months, 99% 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 June 30, 2023. Approximately 99% of the year has been reported. The city u�lizes an accrual basis of accoun�ng for all governmental funds, as required by 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 accrual matches the transac�on to the period in which revenue was earned or the expenditure occurred. Although June 30, 2023, has passed the City’s financials have not yet been audited and finalized. The figures in this report represent audited figures through June 30, 2022, and the Finance Department’s best es�mate of revenues and expenditures for June 30, 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 revenue appropria�ons were expected to exceed expenditures and the fund was expected to complete the fiscal year with a $25.6 million surplus, inclusive of both the opera�ng and non- opera�ng budget. Since the budget was adopted several expenditure and revenue budget appropria�ons were approved by the City Council; these appropria�ons decreased the budget surplus to $21.9 million. To date the General Fund’s actual surplus is $31.1 million. This report will detail the changes between the amended budget and actuals. 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 complete the fiscal year with a $31.1 million in net revenue, also called a budget surplus (revenue minus expenditures), for the fiscal year 2022-23 as a result of revenues exceeding budget and expenditures comple�ng the year under budget. 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 Overview 12-Months Ended June 30, 2023 General Fund Overview Amended Budget Actual Ac�vity % Revenues 64,729,435 69,000,918 107% Expenditures 42,733,769 37,866,236 89% Surplus (Deficit) 21,995,666 31,134,682 0 10 20 30 40 50 60 70 80 2020-21 Actuals 2021-22 Actuals 2022-23 Budget 2022-23 ActualsMillionsYear-by-Year Revenue and Expenditures Revenue Expenditure Executive Summary City of Eastvale UNAUDITED Fiscal Year 2022-23 Interim Financial Report | QUARTER FOUR ending June 30, 2023 | 12 months, 99% Reported City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 4 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 are received in the later half of the fiscal year. Franchise fees are received quarterly, a�er the quarter ends. Overall, General Fund revenues stand at 107% of budget for a total of $69,000,918. One known item not reflected in this report is a property tax teeter payment from Riverside County that staff es�mates is approximately $100,000. This will be reflected in the city’s financial statements. 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. Sales tax is the city’s largest revenue source and for monitoring purposes staff created an Atachment to this report �tled “Sales Tax Summary.” Budget currently stands at $44.0 million. Actual sales tax receipts exceeded budget expecta�ons by 8% or $3.4 million; sales tax revenues total $47,356,371 for the fiscal year. Compared to the prior year, sales tax revenues increased by $2.6 million. The city also experienced the largest first, second, and fourth quarter totals as compared to prior years, while the third holiday quarter was the smallest since the 2019-20 fiscal year. Third quarter is tradi�onally the lowest quarter of the year, as consumer spending decreases a�er the holiday season and receipts matched this trend; quarter 3 sales tax revenues totaled $10,1736,170, $662,921 less than the prior fiscal year. Compared to the prior year, the third quarter saw dips in almost all categories, including business and industry, building and construc�on, fuel sta�ons, and as a result of dipping sales tax revenues the city’s pool alloca�on also dipped. However, fourth quarter revenues were the highest ever, for a total of $12,419,799, which is $1,372,468 higher than the previous year. Staff believes the largest fluctua�ons are due to one sole business within the city, and will likely con�nue to lend to inconsistent sales tax revenues in the future. Another note to the city’s largest category of revenue, 95% of the city’s sales tax revenues is generated from the top 25 sales tax producing businesses in the city. This is important because a small number of businesses make up the bulk of the city’s sales tax revenues. If any one business no longer operates within the city’s boundaries, the effect to the city’s sales tax revenues will be substan�al. Property Tax – Property tax revenues are based solely on the valua�on of property, both secured and unsecured, within the city. Secured property includes 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 $4.0 million or 111% of budget. Staff believes this increase is due to several industrial buildings entering the tax roll for the second por�on of the fiscal year that were not an�cipated during the budge�ng process. Franchise Fees – This category is comprised of regular recurring revenues from solid waste collec�on, cable u�li�es, electric u�li�es, and natural gas u�li�es. Franchise fees came in higher than expected 108% of budget, totaling $6,556,660. Executive Summary City of Eastvale UNAUDITED Fiscal Year 2022-23 Interim Financial Report | QUARTER FOUR ending June 30, 2023 | 12 months, 99% Reported City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 5 This was the first year that franchise fees increased for refuse, and the budget es�mates were lower than actuals. Three of the four categories of franchise fees materialized higher than budget, including electric, refuse, and natural gas. Addi�onally, recurring franchise fees usually hover around $2.0 million, however the city received the final one-�me Waste Management waste hauler reten�on payment of $4.0 million in July 2022. These funds have been commited by the City Council towards the Police Sta�on Construc�on reserve. 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 $2.3 million or 94% of budget. Contracted services and employee wages drive the fees charged to private developers for engineering, planning, and building fees. Although the category performed below budget as a whole, within the category, specific divisions and types of fees performed differently during the year. Legal developer fees are trending below budget at 48%. Similar to legal, planning and engineering developer fees are performing below trend; actuals are at 55% and 75% respec�vely. Staff expected more phase one permit submitals for the New Homes development at Limonite and Hamner that did not materialize. Building developer fees appear higher than trend; actuals are at 126% of budget, likely due to an increase in fixed fee permits. Passport services exceeded budget projec�ons at 150%; passport service demand increased significantly during the pandemic and has con�nued at or above the pre-pandemic levels. As a result of the increase, the 2023-24 fiscal year budget includes expanded passport services. Business registra�on fees are also higher than expected at 161% of budget; likely a result of businesses con�nuing to recover from the pandemic. Intergovernmental – This category is populated by the Vehicle License in Lieu fees (VLF). VLF revenues are typically received in the last six months of the fiscal year, 50% within quarter three and the final 50% in quarter four. Actual revenues came in slightly higher than budget at $5,901,581 or 103% of budget. Use of Money and Property – This category is populated investment income. Budget was increased at Mid-Year to $1.5 million and actuals are $1.51 million, or 101% of budget. The city’s por�olio con�nues to generate investment returns that exceed budgeted trends. Transfers In – This category stands at $298,240. 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. Transfers will be finalized before interim audit begins in June. Overall, General Fund revenues are $69,000,918 or 107% of budget, primarily due to a large increase in sales tax revenues. Executive Summary City of Eastvale UNAUDITED Fiscal Year 2022-23 Interim Financial Report | QUARTER FOUR ending June 30, 2023 | 12 months, 99% Reported City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 6 ADDITIONAL INFORMATION ABOUT MAJOR REVENUE SOURCES Detail Information on General Fund Sales and Property Tax Revenue Categories Sales Tax: Sales tax is the number one revenue source for the General Fund. For every dollar of sales tax paid, only $0.13 is received by the City of Eastvale. The other $0.87 goes to the State General Fund ($0.51), the State Local Revenue Fund ($0.14), Riverside County Transporta�on Commission ($0.06), a State Local Revenue Fund specific to local health and social services programs ($0.06), State Local Public Safety Fund ($0.06), and the Riverside County Transporta�on Fund ($0.03). For more informa�on on what agencies receive sales tax revenue go to: www.cd�a.ca.gov/taxes-and-fees/sut-rates-descrip�on.htm Property Tax: Property tax is the number four largest revenue source for the city’s General Fund and is the number one revenue source for the city’s Fire Fund. However, like sales tax every dollar of base property tax that a property owner pays only $0.02 is received by the city’s General Fund; another $0.06 is received by the city’s Fire Fund. Over $0.51 goes towards educa�on to the Corona Norco Unified School district, Riverside Community College, and Riverside County Office of Educa�on. Riverside County receives $0.29. The remaining $0.04 goes to several special districts and flood control administra�on. The property tax revenues received by the Fire Fund are restricted to Fire Services expenditures. This breakdown of costs is only for the base property tax rate. Many Eastvale residents also pay levies for special assessments, including special financing districts, such as landscape ligh�ng maintenance districts and community facility districts. For more informa�on about special financing districts in Eastvale go to: www.eastvaleca.gov/government/ finance- department/special-financing-districts GENERAL FUND EXPENDITURES A comparison of the adjusted budget to actual expenditures provides an overview of how actual expenditures compare to the city’s budget. Overall, actual expenditures are $13,670,194 or 32% of budget. Detail of Specific Expenditure Categories Contract Services – This category is the largest expenditure category and includes contracted services for law enforcement, building and safety, planning, and public works. Currently, actual expenditures for the total contract category are $15.4 million or 93% of budget; total budget for this category is $16.6 million. The largest expenditure within this category is the Law Enforcement contract with Riverside County Sheriff; budget for law enforcement totals $13.0 million and actual expenditures totaled $12.6 million. The City Council has con�nually increased law enforcement services annually over the past several years. As a result, contract costs for law enforcement services have not remained consistent, which causes some difficul�es in trending annual costs, which o�en leads to a budget surplus. $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 FOUR ending June 30, 2023 | 12 months, 99% Reported City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 7 Other major contracts in this category are animal control, crossing guards, legal services, and support services for all major departments. Personnel – The personnel category contains the salary and benefit costs for city employees. This category generated actual expenditures at $6.1 million or 77% 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 year, 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 Community Safety, Engineering, and Finance. The savings specific to the Community Safety, Community Development, and Engineering Departments 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 $1.9 million or 42% of budget. A majority of the savings is due to a Government Accoun�ng Standards Board (GASB) required accoun�ng entry totaling $2.1 million from both a prior year reversal and current year entry 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 $3.2 million or 71% of budget. The second reason was an overall reduc�on in assumed travel and training costs for employees, caused by both vacancies within most departments and a con�nua�on of virtual training and conferences. Capital Outlay – Capital outlay consists of office equipment, computer hardware, so�ware, furniture, fixtures, and leases with a cost greater than $5,000. This category is at $758,553 or 834% of budget. The Government Accoun�ng Standards Board Statement 96 requires government agencies to book lease informa�on for so�ware in a par�cular fashion. The 2022-23 fiscal year is the first year the city was required to record both lessor and lease data within the ledger. As a result, the city was required to book a $692,964 expense that was not actually “expensed.” The entry represents the total life of the so�ware agreements and not the actual annual costs that the city will incur. Net of the GASB 96 entry, capital outlay actuals are $65,589 or 72% of budget. 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. This category also houses principal expenditures related to the city’s GASB Statement 87 regarding the city’s leases. These expenditures are reclassified from opera�ons (leases) to debt service in accordance with GASB 87. Because of the GASB entry, actuals for this category stand at $533,242 or 192% of budget. Net of the GASB 87 entry, actuals are $272,717 or 98% of budget. 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 $11.4 million in transfers out to the General Capital Improvement Fund, $1.3 million for capital maintenance reserves, and $38,167 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 Services38.9% Transfers Out 29.9% Personnel 18.7% Operations10.6% Debt Service 0.7% Maintenance 1.0% Capital Outlay 0.2% Expenditure Budget Breakdown Executive Summary City of Eastvale UNAUDITED Fiscal Year 2022-23 Interim Financial Report | QUARTER FOUR ending June 30, 2023 | 12 months, 99% Reported City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 8 Overall, General Fund expenditures are $37,866,236 or 89% of expenditure budget. GENERAL FUND OPERATING STATEMENT General Fund Operating Statement - The General Fund generated $32,760,064 in operating revenues and $25,757,678 in operating expenditures. Operating revenues exceed expenditures and as a result, the General Fund has an operating surplus of $7,002,386. Staff is currently working on determining what percentage of the non-operating revenues are likely to continue into the future. On the non-operating side, the city completed the fiscal year with $36,240,854 in non-operating revenues and $12,108,558 in non-operating expenditures. Non-operating revenues exceed expenditures and as a result, the General Fund has a non-operating surplus of $24,132,296. Non- operating revenues are composed 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 June 30, total net revenue and budget surplus is $31,134,682. 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 108% of budget or $8.4 million. Property tax is the largest single source of revenue for the Fire Fund. Similar to the General Fund, property taxes exceeded budget because several industrial buildings entering the tax roll for the second por�on of the fiscal year that were not an�cipated during the budge�ng process. Licenses, permits, and fees are 71% of budget, primarily due to a con�nued 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 $432,432 or 432% of budget. At mid-year, an adjustment to General Fund investment earnings was recognized, but the Fire Fund was not included, lending to the large discrepancy in budget. Overall, Fire Fund actual revenues are $8,982,534 or 112% of budget. General Fund Operating Statement as of 06/30/2023 Operating Revenue Actuals 32,760,064 Operating Expenditure Actuals 25,757,678 Operating Surplus 7,002,386 Non-Operating Revenue Actuals 36,240,854 Non-Operating Expenditure Actuals 12,108,558 Non-Operating Surplus 24,132,296 Net Revenue 31,134,682 Fire Fund Overview 12-Months Ended June 30, 2023 General Fund Overview Adjusted Budget Actual Ac�vity % Revenues 8,008,000 8,982,534 112% Expenditures 7,702,608 6,579,997 85% Surplus (Deficit) 305,392 2,402,537 Executive Summary City of Eastvale UNAUDITED Fiscal Year 2022-23 Interim Financial Report | QUARTER FOUR ending June 30, 2023 | 12 months, 99% Reported City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 9 Expenditures – Contract services for Riverside County Fire stand at $6,298,267 or 90% of budget. The city realized a nominal savings due to CalFIRE’s current staffing shortage, which equated to salary savings within the city’s service contract. Although Riverside County Fire reported an es�mated 6% increase in contract costs for the current year, the annual salary savings offset this increase. The reported 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 58% and (40%) respec�vely. Maintenance and opera�ons include building maintenance, vehicle maintenance and fuel, and u�li�es, actual expenditures are $70,167 or 58% of budget. The budget included emergency building maintenance repairs which was not u�lized. Actual expenditures in the opera�ons category are ($87,248) or (40%) 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 $154,569 or 70% of budget. Overall, the Fire Fund is at $6,579,997 or 85% 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 completed the fiscal year with $2,402,537 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. Revenues completed the year at $11,417,107, which matches budget. Expenditures totaled $3,273,187 versus $14,354,865 in budget, the discrepancy is due to budgeted capital improvement projects that are s�ll in progress including the Civic Center project and Modular Offices project. 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 0 2 4 6 8 10 2020-21 Actuals 2021-22 Actuals 2022-23 Budget 2022-23 ActualsMillionsYear-by-Year Revenue and Expenditures Revenue Expenditure Executive Summary City of Eastvale UNAUDITED Fiscal Year 2022-23 Interim Financial Report | QUARTER FOUR ending June 30, 2023 | 12 months, 99% Reported City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov 10 the fiscal year. The Transporta�on Uniform Mi�ga�on Fee Fund completed the year with a nega�ve fund balance of $769,342. This fund is reimbursed a�er projects are completed. Currently, the fund has been u�lized for the Limonite Gap Project, which will not be complete un�l fiscal year 2023-24 or 2024-25, at which point a reimbursement will be requested from Western Region Council of Governments. The city transferred over 88 ligh�ng maintenance districts and illumina�on districts from Jurupa Community Services District in the prior fiscal year and seven 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. In total, the General Fund is required to cover $912,698 in nega�ve fund balances as of June 30, 2023. 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 $30.0 million over the next five years. The model will be updated with new five-year Capital Improvement Plan and Civic Center expenditures for the new fiscal year. A Note Regarding Government Accounting and Budgeting Most agencies manage governmental funds and budgets using a method called “modified accrual” accoun�ng. Modified accrual means that governmental funds are managed on a cash basis throughout the year. At year-end accruals are processed to ensure revenues and expenditures are recorded in the appropriate fiscal year in which the transac�ons actually occurred. This method applies to all the city’s funds (General Fund and Special Revenue funds). As an illustra�on, revenue is recorded as it is received throughout the fiscal year (cash basis). The majority of General Fund revenues are received sporadically throughout the year, and most is received or accrued in the final nine months of the fiscal year. Meanwhile, expenditures con�nue each month, regardless of whether revenues have been received. This circumstance highlights the importance of maintaining an adequate opera�ng reserve that allows for cash flow needs throughout the fiscal year, especially during months in which some revenues categories are not received. CITY OF EASTVALE UNAUDITED: 99% Reported Fiscal Year 2022-23Interim Financial Report | QUARTER FOUR ending June 30, 2023 | 12 months General Fund Summary by Category Audited Actuals Audited Actuals Amended Budget Actuals Amount Over(Under) Budget Description 2020-21 2021-22 2022-23 6/30/2023 2022-23 GENERAL FUND Revenues Property Taxes 3,526,028$ 3,662,139$ 3,609,500$ 4,004,362$ 111%394,862$ Sales & Use Tax 28,120,058 44,710,286 44,000,000 47,356,371 108%3,356,371 Franchise Fees 5,937,579 1,971,912 6,073,000 6,556,660 108%483,660 License, Permits & Fees 2,885,193 2,333,526 2,507,800 2,347,535 94%(160,265) Fines, Penalties & Forfeitures 583,856 567,641 596,000 724,866 122%128,866 Intergovernmental 5,804,854 6,367,511 5,725,000 5,901,581 103%176,581 Use of Money & Property 1,102,678 151,235 1,500,000 1,511,747 101%11,747 Miscellaneous 237,295 772,062 425,060 299,556 70%(125,504) Transfers In 17,886 7,417,458 293,075 298,240 102%5,165 Total General Fund Revenues 48,215,427 67,953,770 64,729,435 69,000,918 107%4,271,483 Expenditures Salaries 2,638,858$ 3,824,393$ 5,861,000$ 4,612,233$ 79%(1,248,767)$ Benefits 1,081,273 1,356,725 2,136,430 1,515,650 71%(620,780) Contract Services 11,939,303 13,659,952 16,621,400 15,427,198 93%(1,194,203) Maintenance 105,619 205,290 444,273 345,138 78%(99,134) Operations 2,817,037 4,783,081 4,542,772 1,912,761 42%(2,630,012) Capital Outlay 1,199,153 187,826 90,957 758,553 834%667,596 Debt Service 1,130,459 3,109,421 278,100 533,242 192%255,142 Transfers Out 1,989,214 6,597,427 12,758,836 12,761,462 100%2,626 Total General Fund Expenditures 22,900,915 33,724,114 42,733,769 37,866,236 89%(4,867,532) NET REVENUE 25,314,511 34,229,656 21,995,666 31,134,682 (9,139,016) OTHER PURPOSE GENERAL FUNDS: RESTRICTED STRUCTURAL FIRE FUND Revenues Property Taxes (Restricted for Fire Services)7,289,292$ 7,601,854$ 7,785,000$ 8,379,338$ 108%594,338$ Sales & Use Tax - - - - 0 - Franchise Fees - - - - 0 - Other Taxes - - - - 0 - License, Permits & Fees 154,718 94,451 110,000 77,971 71%(32,029) Fines, Penalties & Forfeitures 25,979 - 13,000 92,793 714%79,793 Intergovernmental - - - - 0 - Use of Money & Property 2,927 (1,616) 100,000 432,432 432%332,432 Miscellaneous - - - - 0 - Transfers 167,660 - - - 0 - Total Fire Fund Revenues 7,640,575 7,694,689 8,008,000 8,982,534 112%974,534 Expenditures Salaries 797$ 808$ -$ -$ 0 -$ Benefits 107 - - - 0 - Contract Services 5,463,946 5,654,282 7,032,908 6,298,267 90%(734,641) Maintenance 52,275 56,463 120,000 70,167 58%(49,833) Operations 78,136 447,634 219,600 (87,248) -40%(306,848) Capital Outlay - 38,200 52,000 26,094 50%(25,906) Debt Service 252,432 262,228 278,100 272,717 98%(5,384) Transfers Out - - - - 0 - Total General Fund Expenditures 5,847,693 6,459,615 7,702,608 6,579,997 85%(1,122,611) NET REVENUE 1,792,882 1,235,074 305,392 2,402,537 % Budget Used City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov CITY OF EASTVALE UNAUDITED: 99% Reported Fiscal Year 2022-23Interim Financial Report | QUARTER FOUR ending June 30, 2023 | 12 months General Fund Summary by Departments Audited Actuals Audited Actuals Amended Budget Actuals Amount Over(Under) Budget Description 2020-21 2021-22 2022-23 6/30/2023 2022-23 GENERAL FUND Revenues General Services Non Departmental 44,774,936$ 65,076,959$ 61,680,635$ 65,963,202$ 107%4,282,567$ City Clerk 42,702 54,411 48,150 74,273 154%26,123 City Manager 6,056 10,258 - - 0%- Finance 160,501 126,297 90,150 145,228 161%55,078 General Government - - - - 0%- City Attorney 23,730 80,205 48,000 22,944 48%(25,056) Subtotal General Services 45,007,925 65,348,130 61,866,935 66,205,647 107%4,338,712 Community Development Community Development 203,612$ 209,777$ 202,000$ 117,231$ 58%(84,769)$ Subtotal Community Development 203,612 209,777 202,000 117,231 58%(84,769) Public Works Public Works 214,998$ 854,409$ 1,035,000$ 778,728$ 75%(256,272)$ Subtotal Community Safety 214,998 854,409 1,035,000 778,728 75%(256,272) Community Safety Community Safety 2,154,008$ 905,318$ 985,000$ 1,240,799$ 126%255,799$ Subtotal Community Safety 2,154,008 905,318 985,000 1,240,799 126%255,799 Public Safety Public Safety 634,885$ 636,137$ 640,500$ 658,514$ 103%18,014$ Subtotal Public Safety 634,885 636,137 640,500 658,514 103%18,014 Total General Fund Revenues 48,215,427 67,953,770 64,729,435 69,000,918 107%4,527,756 Expenditures General Services 100 City Council 133,393$ 224,419$ 152,570$ 162,650$ 107%10,080$ 110 City Attorney 299,975 317,860 352,400 295,852 84%(56,548) 290 General Government 4,491,968 11,394,573 13,746,566 12,680,685 92%(1,065,882) Subtotal General Services 4,925,335 11,936,851 14,251,536 13,139,186 92%(1,112,350) City Manager 200 City Manager 613,963$ 609,470$ 564,700$ 521,256$ 92%(43,444) Subtotal City Manager 613,963 609,470 564,700 521,256 92%(43,444) Human Resources & Risk 220 Talent Attraction and Development 485,963$ 651,178$ 873,115$ 601,869$ 69%(271,246) 230 Risk Management 164,653 386,678 388,200 388,154 100%(46) Subtotal Human Resources & Risk 650,616 1,037,856 1,261,315 990,024 78%(271,291) City Clerk/Communications 120 City Clerk 420,701$ 444,667$ 589,012$ 579,863$ 98%(9,148) 240 Information Technology 411,918 304,454 337,330 289,575 86%(47,755) 260 Communications 253,125 244,365 355,250 320,256 90%(34,994) 720 Events - 682,857 987,039 1,003,507 102%16,469 Subtotal City Clerk/Communication 1,085,745 1,676,343 2,268,630 2,193,201 97%(75,429) Finance 210 Finance 708,666$ 910,324$ 1,360,115$ 1,139,254$ 84%(220,861) Subtotal Finance 708,666 910,324 1,360,115 1,139,254 84%(220,861) Community Development % Budget Used City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov CITY OF EASTVALE UNAUDITED: 99% Reported Fiscal Year 2022-23Interim Financial Report | QUARTER FOUR ending June 30, 2023 | 12 months General Fund Summary by Departments Audited Actuals Audited Actuals Amended Budget Actuals Amount Over(Under) Budget Description 2020-21 2021-22 2022-23 6/30/2023 2022-23 % Budget Used 301 Administration 563,492$ 1,108,869$ 1,861,710$ 1,356,552$ 73%(505,158)$ 300 Planning 541,489 610,794 947,210 686,329 72%(260,881) Subtotal Community Development 1,104,981 1,719,663 2,808,920 2,042,881 73%(766,039) Public Works 320 Engineering 504,724$ 1,447,314$ 2,302,790$ 1,419,521$ 62%(883,269) 500 Public Works 415,553 368,711 733,691 275,437 38%(458,253) 295 Facility Maintenance 357,011 467,728 566,432 557,645 98%(8,787) 296 Facility Landscaping - - 162,850 181,504 111%18,654 600 Landscaping (public right-of-way)- 1,074 - - 0%- Subtotal Community Development 1,277,288 2,284,828 3,765,763 2,434,108 65%(1,331,655) Community Safety 311 Administration -$ 19,679$ 462,730$ 315,828$ 68%(146,902)$ 310 Building Safety 2,122,378 1,337,997 1,550,150 1,273,580 82%(276,570) 330 Community Enhancement & Safety 663,285 764,036 1,035,460 811,417 78%(224,043) Subtotal Community Safety 2,785,663 2,121,711 3,048,340 2,400,825 79%(647,515) Public Safety 400 Law Enforcement 9,557,446$ 11,097,700$ 12,966,390$ 12,621,198$ 97%(345,192)$ 430 Animal Control 167,648 233,268 336,000 276,155 82%(59,845) 440 Crossing Guards 23,563 96,099 102,060 108,149 106%6,089 Subtotal Public Safety 9,748,658 11,427,066 13,404,450 13,005,502 97%(398,948) Total General Fund Expenditures 22,900,915 33,724,114 42,733,769 37,866,236 89%(4,867,532) TOTAL NET REVENUE 25,314,511 34,229,656 21,995,666 31,134,682 OTHER PURPOSE GENERAL FUNDS: RESTRICTED STRUCTURAL FIRE FUND Revenues Property Taxes (Restricted for Fire Serv 7,289,292$ 7,601,854$ 7,785,000$ 8,379,338$ 108%594,338$ Sales & Use Tax - - - - 0%- Franchise Fees - - - - 0%- Other Taxes - - - - 0%- License, Permits & Fees 154,718 94,451 110,000 77,971 71%(32,029) Fines, Penalties & Forfeitures 25,979 - 13,000 92,793 714%79,793 Intergovernmental - - - - 0%- Use of Money & Property 2,927 (1,616) 100,000 432,432 432%332,432 Miscellaneous - - - - 0%- Transfers 167,660 - - - 0%- Total Fire Fund Revenues 7,640,575 7,694,689 8,008,000 8,982,534 112%974,534 Expenditures Public Safety 290 General Government 253,044$ 504,045$ 278,100$ 30,899$ 11%(247,201)$ 295 Building Maintenance 15,032 184,581 173,100 145,792 84%(27,308) 296 Landscaping - - 66,408 22,065 33%(44,343) 320 Engineering 256 808 - - 0%- 420 Fire Services 5,579,360 5,770,182 7,185,000 6,381,240 89%(803,760) Total Fire Fund Expenditures 5,847,693 6,459,615 7,702,608 6,579,997 85%(1,122,611) TOTAL FIRE FUND NET REVENUE 1,792,882 1,235,074 305,392 2,402,537 City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov CITY OF EASTVALE UNAUDITED: 99% Reported Fiscal Year 2022-23Interim Financial Report | QUARTER FOUR ending June 30, 2023 | 12 months General Fund Operating Summary Audited Actuals Audited Actuals Amended Budget Actuals Amount Over(Under) Budget Description 2020-21 2021-22 2022-23 6/30/2023 2022-23 GENERAL FUND Operating Revenues Property Taxes 3,526,028$ 3,662,139$ 3,609,500$ 4,004,362$ 111%394,862$ Sales & Use Tax 11,920,058 13,180,286 13,600,000 13,946,371 103%346,371 Franchise Fees $1,937,579 1,971,912 2,073,000 2,556,660 123%483,660 Property Transfer Tax - - - - 0 - License, Permits & Fees 2,885,193 2,333,526 2,507,800 2,347,535 94%(160,265) Fines, Penalties & Forfeitures 583,856 567,641 596,000 724,866 122%128,866 Intergovernmental 5,804,854 6,367,511 5,725,000 5,901,581 103%176,581 Use of Money & Property 1,864,309 172,785 525,000 2,680,893 511%2,155,893 Miscellaneous (719,323) 772,062 425,060 299,556 70%(125,504) Transfers In 17,886 57,239 293,075 298,240 102%5,165 Total General Fund Operating Revenues 27,820,440 29,085,101 29,354,435 32,760,064 112%3,405,629 Operating Expenditures Salaries 2,638,858$ 3,824,393$ 5,861,000$ 4,612,233$ 79%(1,248,767)$ Benefits 1,081,273 1,356,725 2,136,430 1,515,650 71%(620,780) Contract Services 11,939,303 13,659,952 16,621,400 15,427,198 93%(1,194,203) Maintenance 105,619 205,290 444,273 345,138 78%(99,134) Operations 2,817,037 3,478,006 4,542,772 3,217,836 71%(1,324,937) Capital Outlay 242,535 187,826 90,957 65,589 72%(25,368) Debt Service 1,130,459 1,250,371 278,100 533,242 192%255,142 Transfers Out 466,884 735,475 38,167 40,793 107%2,626 Total General Fund Expenditures 20,421,967 24,698,037 30,013,100 25,757,678 86%(4,255,421) NET OPERATING REVENUE 7,398,472 4,387,064 (658,665) 7,002,386 Non-Operating Revenues Sales Tax 16,200,000$ 31,530,000$ 30,400,000$ 33,410,000$ 110%3,010,000 Franchise Fees (Retention Fees)4,000,000 - 4,000,000 4,000,000 100%-$ Use of Money and Property (Interest)384,586 975,000 975,000 100% Use of Money and Property (Unrealized Gain)(761,631) (406,136) - (2,144,146) 0%(2,144,146) Miscellaneous (GASB 87)956,618 - - - 0%- Transfers In (ARPA SLFRF)- 7,360,219 - - 0%- Total General Fund Non-Operating Revenues $20,394,987 38,868,669 35,375,000 36,240,854 102%865,854 Non-Operating Expenditures Operations (Unrealized Loss)-$ 1,305,075$ -$ (1,305,075)$ 0%(1,305,075)$ Capital Outlay (GASB 87)956,618 - - - 0%- Capital Outlay (GASB 96)- - - 692,964 0%692,964 Debt Service (Tarpon Properties Payoff)- 1,859,050 - - 0%- Transfers Out (Streetlight Payoff)2,330 3,808,933 - - 0%- Transfers Out (Capital Replacement Reserves)1,303,652 1,303,652 100%- Transfers Out (CIP)1,520,000 2,053,019 11,417,017 11,417,017 100%- Total General Fund Non-Operating Expenditures 2,478,948 9,026,077 12,720,669 12,108,558 95%(612,111) NET NON-OPERATING REVENUE 17,916,039 29,842,592 22,654,331 24,132,296 % Budget Used City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov CITY OF EASTVALE UNAUDITED: 99% Reported Fiscal Year 2022-23Interim Financial Report | QUARTER FOUR ending June 30, 2023 | 12 months General Fund Operating Summary Audited Actuals Audited Actuals Amended Budget Actuals Amount Over(Under) Budget Description 2020-21 2021-22 2022-23 6/30/2023 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$ 8,379,338$ 108%594,338$ Sales & Use Tax - - - - 0 - Franchise Fees - - - - 0 - Other Taxes - - - - 0 - License, Permits & Fees 154,718 94,451 110,000 77,971 71%(32,029) Fines, Penalties & Forfeitures 25,979 - 13,000 92,793 714%79,793 Intergovernmental - - - - 0 - Use of Money & Property 244,113 (1,616) 100,000 432,432 432%332,432 Miscellaneous - - - - 0 - Transfers (0) - - - 0 - Total Fire Fund Revenues 7,714,101 7,694,689 8,008,000 8,982,534 112%974,534 Operating Expenditures Salaries 797$ 808$ -$ -$ 0 -$ Benefits 107 - - - 0 - Staff Development - - - - 0 - Contract Services 5,463,946 5,654,282 7,032,908 6,298,267 90%(734,641) Maintenance 52,275 56,463 120,000 70,167 58%(49,833) Operations 78,136 447,634 219,600 154,569 70%(65,031) Capital Outlay - 38,200 25,000 26,094 104%1,094 Debt Service 252,432 262,228 278,100 272,717 98%(5,384) Transfers Out - - - - 0 - Subtotal Fire Fund Expenditures 5,847,693 6,459,615 7,675,608 6,821,814 89%(853,794) NET OPERATING REVENUE 1,866,408 1,235,074 332,392 2,160,720 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 CITY OF EASTVALE UNAUDITED: 99% Reported Fiscal Year 2022-23Interim Financial Report | QUARTER FOUR ending June 30, 2023 | 12 months Other Funds Summary *Data includes transfers Audited Actuals Audited Actuals Amended Budget Actuals Amount Over(Under) Budget Description 2020-21 2021-22 2022-23 6/30/2023 2022-23 OTHER FUNDS Revenues 200 Gas Tax 1,437,826$ 1,604,905$ 1,907,980$ 1,910,031$ 100%(2,051)$ 205 SB1 1,228,573 1,378,406 1,505,500 1,630,373 108%(124,873) 206 Area Drainage Plan (ADP)(2,060) (493) 8,000 22,224 278%(14,224) 210 Measure A 1,834,932 2,189,098 2,032,000 3,561,411 175%(1,529,411) 211 TDA Fund - - - 146,666 0%(146,666) 220 AQMD 91,756 143,575 122,000 105,726 87%16,274 230 Grants: Law Enforcement Grants - - - - 0%- 240 Grants: Miscellaneous Grants Fund 432,400 668,027 7,793,400 520,685 7%7,272,715 241 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 1,444 103%(44) 250 Grants: Community Development Block Grant - - 165,000 - 0%165,000 260 Local Law Enforcement Services 157,695 165,428 160,000 - 0%160,000 270 TUMF Reimbursement Fund - - 4,050,000 13,818 0%4,036,182 290 Transportation DIF 115,440 119,761 432,000 520,618 121%(88,618) 291 Fire DIF 54,388 46,690 64,800 70,837 109%(6,037) 292 Public Facilities DIF 397,553 102,648 201,200 69,972 35%131,228 293 Road and Bridge Benefit District 84,487 454,300 30,000 218,470 728%(188,470) 300 LLMD 89-1 Zone 10 3,188 3,820 4,740 4,743 100%(3) 301 LLMD 89-1 Zone 33 (21,661) 1,171 1,720 707 41%1,013 302 LLMD 89-1 Zone 41 188,123 171,435 44,615 76,992 173%(32,377) 303 LLMD 89-1 Zone 79 2,367 2,593 1,380 1,667 121%(287) 304 LLMD 89-1 Zone 85 1,091 3,008 295 985 334%(690) 305 LLMD 89-1 Zone 111 25,513 23,997 22,140 24,893 112%(2,753) 306 LLMD 89-1 Zone 115 2,807 3,726 4,095 4,094 100%1 307 LLMD 89-1 Zone 116 8,553 8,031 7,130 7,897 111%(767) 308 LLMD 89-1 Zone 147 198 1,552 1,710 1,717 100%(7) 309 LLMD 89-1 Zone 151 6,393 7,659 9,510 9,512 100%(2) 310 LLMD 89-1 Zone 156 4,722 5,750 7,140 7,139 100%1 311 Benefit Assessment District 2014-2 4,776 12,563 10,988 11,259 102%(271) 312 LLMD 2014-1 3,781 19,499 17,794 18,215 102%(421) 313 LLMD 2014-3 3,313 8,489 6,904 7,114 103%(210) 314 LLMD 2014-4 2,078 6,850 5,864 6,071 104%(207) 315 Community Facilities District 2019-1 9,284 10,162 6,000 11,030 184%(5,030) 400 Community Facilities District 2017-1 73,612 74,687 35,320 41,746 118%(6,426) 401 Community Facilities District 2017-2 33,308 43,192 22,160 49,212 222%(27,052) 402 Community Facilities District 2020-1 72,863 73,498 36,100 95,925 266%(59,825) 403 LMD 98-2 ORIGINAL - 16,635 6,250 11,024 176%(4,774) 404 LMD 98-2 ANNEX 01/Zone A - 2,006 4,460 8,149 183%(3,689) 405 LMD 98-2 ANNEX 02/Zone B - 41,892 91,370 91,834 101%(464) 406 LMD 98-2 ANNEX 03/Zone C - 4,299 9,340 16,645 178%(7,305) 407 LMD 98-2 ANNEX 04/Zone D - 6,233 13,620 22,287 164%(8,667) 408 LMD 98-2 ANNEX 06/Zone F - 29,516 13,990 22,359 160%(8,369) 409 LMD 2001-1 Zone G - 1,862 - 1,092 0%(1,092) 410 LMD 2001-1 Zone S - 2,420 1,040 1,320 127%(280) 411 LMD 2001-1 Zone W - 20,337 1,260 14,940 1186%(13,680) 412 LMD 2001-2 Zone A - 49,149 14,700 18,360 125%(3,660) 413 LMD 2001-2 Zone B - 26,356 17,320 17,360 100%(40) 414 LMD 2001-2 Zone C - 1,423 9,740 1,094 11%8,646 415 LMD 2001-2 Zone D - 17,303 1,050 11,887 1132%(10,837) % Budget Used City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov CITY OF EASTVALE UNAUDITED: 99% Reported Fiscal Year 2022-23Interim Financial Report | QUARTER FOUR ending June 30, 2023 | 12 months Other Funds Summary *Data includes transfers Audited Actuals Audited Actuals Amended Budget Actuals Amount Over(Under) Budget Description 2020-21 2021-22 2022-23 6/30/2023 2022-23 % Budget Used 416 LMD 2001-2 Zone F - 3,128 6,440 3,067 48%3,374 417 LMD 2001-2 Zone G - 26,486 1,710 10,287 602%(8,577) 418 LMD 2001-2 Zone H - 39,891 9,590 28,855 301%(19,265) 419 LMD 2001-2 Zone J - 27,374 14,420 18,512 128%(4,092) 420 LMD 2001-2 Zone K 0 1,954 9,970 1,716 17%8,254 421 LMD 2001-2 Zone M - 2,315 1,710 2,771 162%(1,061) 422 LMD 2001-3 Zone A - 3,901 9,790 12,739 130%(2,949) 423 LMD 2001-3 Zone B - 3,372 7,300 9,909 136%(2,609) 424 LMD 2001-3 Zone C - 22,478 7,860 8,419 107%(559) 425 LMD 2001-3 Zone D - 45,713 16,280 17,458 107%(1,178) 426 LMD 2001-3 Zone E - 100,204 35,340 38,591 109%(3,251) 427 LMD 2001-3 Zone F - 38,201 13,600 14,954 110%(1,354) 428 LMD 2001-3 Zone G - 3,433 7,950 7,967 100%(17) 429 LMD 2001-3 Zone H - 15,451 5,650 6,331 112%(681) 430 LMD 2001-3 Zone I (0) 61,716 21,630 40,910 189%(19,280) 431 LMD 2001-3 Zone J - 17,644 6,390 11,936 187%(5,546) 432 LMD 2001-3 Zone K - 18,021 6,630 14,651 221%(8,021) 433 LMD 2001-3 Zone L - 19,057 7,070 14,175 200%(7,105) 434 LMD 2001-3 Zone M - 55,807 20,040 25,718 128%(5,678) 435 LMD 2001-3 Zone N - 40,800 17,900 43,034 240%(25,134) 436 LMD 2001-3 Zone O - 6,576 2,560 2,746 107%(186) 437 LMD 2001-3 Zone P - 38,497 13,520 14,526 107%(1,006) 438 LMD 2001-3 Zone Q - 15,405 5,580 5,997 107%(417) 439 LMD 2001-3 Zone R - 1,849 1,010 1,699 168%(689) 440 LMD 2001-3 Zone S 0 7,430 2,880 3,061 106%(181) 441 LMD 2001-3 Zone T - 57,013 19,620 21,130 108%(1,510) 442 LMD 2001-3 Zone U - 37,570 13,460 14,313 106%(853) 443 LMD 2001-3 Zone V - 63,337 21,820 23,359 107%(1,539) 444 LMD 2001-3 Zone W - 19,463 7,070 7,854 111%(784) 445 LMD 2001-3 Zone X - 5,519 2,210 2,365 107%(155) 446 LMD 2001-3 Zone Y - 9,212 3,460 3,689 107%(229) 447 LMD 2001-3 Zone Z - 10,185 3,810 4,093 107%(283) 448 LMD 2001-3 Zone AA - 6,467 2,520 2,843 113%(323) 449 LMD 2001-3 Zone BB - 6,006 2,290 2,464 108%(174) 450 LMD 2001-3 Zone CC - 23,574 8,570 17,523 204%(8,953) 451 LMD 2001-3 Zone DD - 50,873 18,070 23,649 131%(5,579) 452 LMD 2001-3 Zone EE - 24,752 9,070 9,563 105%(493) 453 LMD 2001-3 Zone FF - 30,391 11,090 21,436 193%(10,346) 454 LMD 2001-3 Zone GG - 15,382 5,630 6,056 108%(426) 455 LMD 2001-3 Zone HH - 12,334 4,570 4,877 107%(307) 456 LMD 2001-3 Zone II - 27,648 9,680 10,433 108%(753) 457 LMD 2001-3 Zone JJ - 4,943 1,990 2,102 106%(112) 458 LMD 2001-3 Zone KK - 2,842 1,460 1,655 113%(195) 459 LMD 2001-3 Zone LL - 10,721 3,900 4,358 112%(458) 460 LMD 2001-3 Zone MM - 8,137 3,280 5,042 154%(1,762) 461 LMD 2001-3 Zone NN - 19,085 6,840 7,293 107%(453) 462 LMD 2001-3 Zone OO - 18,826 6,750 7,230 107%(480) 463 LMD 2001-3 Zone PP - 22,147 7,820 8,413 108%(593) 464 LMD 2001-3 Zone QQ - 8,658 3,410 3,648 107%(238) 465 LMD 2001-3 Zone RR - 57,429 20,100 21,582 107%(1,482) 466 LMD 2001-3 Zone SS - 21,381 7,610 8,167 107%(557) 467 LMD 2001-3 Zone TT - 9,128 3,370 3,602 107%(232) 468 LMD 2001-3 Zone UU - 7,023 2,650 2,844 107%(194) City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov CITY OF EASTVALE UNAUDITED: 99% Reported Fiscal Year 2022-23Interim Financial Report | QUARTER FOUR ending June 30, 2023 | 12 months Other Funds Summary *Data includes transfers Audited Actuals Audited Actuals Amended Budget Actuals Amount Over(Under) Budget Description 2020-21 2021-22 2022-23 6/30/2023 2022-23 % Budget Used 469 LMD 2001-3 Zone VV - 5,921 2,300 2,434 106%(134) 470 LMD 2001-3 Zone WW - 24,592 8,980 9,570 107%(590) 471 LMD 2001-3 Zone XX - 3,489 1,870 2,242 120%(372) 472 LMD 2001-3 Zone YY - 27,233 9,870 19,033 193%(9,163) 473 LMD 2001-3 Zone ZZ - 11,014 4,160 4,300 103%(140) 474 LMD 2001-3 Zone AAA - 47,941 16,620 17,999 108%(1,379) 475 LMD 2001-3 Zone BBB - 30,674 10,830 11,626 107%(796) 476 LMD 2001-3 Zone CCC - 65,738 23,300 28,879 124%(5,579) 477 LMD 2001-3 Zone DDD - 56,233 19,510 21,166 108%(1,656) 478 LMD 2001-3 Zone EEE - 6,186 2,820 2,900 103%(80) 479 LMD 2001-3 Zone FFF - 54,497 18,750 20,119 107%(1,369) 480 LMD 2001-3 Zone GGG - 19,694 7,260 7,672 106%(412) 481 LMD 2001-3 Zone HHH - 828 2,160 2,137 99%23 482 LMD 2001-3 Zone III - 26,815 12,780 13,216 103%(436) 483 LMD 2001-3 Zone JJJ - 31,081 10,840 11,775 109%(935) 484 LMD 2001-3 Zone LLL - 6,082 2,870 11,151 389%(8,281) 485 LMD 2001-3 Zone MMM - 20,050 7,670 8,225 107%(555) 486 Illumination District No 2 Subarea 35 - 8,749 3,580 3,795 106%(215) 487 Illumination District No 2 Subarea 42 - 2,513 1,180 1,496 127%(316) 488 Illumination District No 2 Subarea 46 - 9,336 3,060 3,263 107%(203) 489 Illumination District No 2 Subarea 49 - 11,841 3,830 4,113 107%(283) 490 Illumination District No 2 Subarea 55 - 2,344 620 679 109%(59) 500 Debt Service 468,699 4,509,981 - - 0%- 600 Capital Projects 1,520,007 2,143,140 11,417,907 11,417,107 100%800 601 General Information Technology Capital Replacem - - 433,652 433,652 100%- 602 General Fleet Capital Replacement Fund - - 120,000 120,000 100%- 603 General Street Maintenance Capital Fund - - 500,000 500,000 100%- 604 General Facility Maintenance Capital Fund - - 250,000 250,000 100%- 700 Information Technology - - - - 0%- Total Other Fund Revenues 9,035,335 23,268,586 35,944,493 22,951,703 64%12,992,790 Expenditures 200 Gas Tax 4,240,697$ 1,994,824$ 4,769,892$ 1,267,927$ 27%3,501,965$ 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 1,572,979 26%4,592,610 211 TDA Fund - 102,318 232,500 44,348 19%188,152 220 AQMD 25,430 123,899 114,444 1,844 2%112,600 230 Law Enforcement Grants - - - - 0%- 240 Grants: Miscellaneous Grants Fund 596,167 520,016 19,455,784 479,696 2%18,976,088 241 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 5,600,000 157,993 3%5,442,007 290 Transportation DIF 248,377 6,587 3,040 (3,547) -117%6,587 291 Fire DIF - 8,376 1,290 (7,086) -549%8,376 292 Public Facilities DIF 656,148 9,146 494,020 485,117 98%8,903 293 Road and Bridge Benefit District 160,802 229,679 5,000,000 (98,390) -2%5,098,390 300 LLMD 89-1 Zone 10 1,414 508 840 159 19%681 301 LLMD 89-1 Zone 33 334 425 525 8 2%517 302 LLMD 89-1 Zone 41 15,601 84,713 32,850 (14,775) -45%47,625 City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov CITY OF EASTVALE UNAUDITED: 99% Reported Fiscal Year 2022-23Interim Financial Report | QUARTER FOUR ending June 30, 2023 | 12 months Other Funds Summary *Data includes transfers Audited Actuals Audited Actuals Amended Budget Actuals Amount Over(Under) Budget Description 2020-21 2021-22 2022-23 6/30/2023 2022-23 % Budget Used 303 LLMD 89-1 Zone 79 1,430 2,966 1,260 884 70%376 304 LLMD 89-1 Zone 85 151 1,174 220 (374) -170%594 305 LLMD 89-1 Zone 111 10,954 19,734 20,535 8,522 41%12,013 306 LLMD 89-1 Zone 115 7,143 12,838 7,160 11,544 161%(4,384) 307 LLMD 89-1 Zone 116 3,786 6,734 4,505 4,950 110%(445) 308 LLMD 89-1 Zone 147 3,026 4,315 2,510 5,179 206%(2,669) 309 LLMD 89-1 Zone 151 14,884 15,413 8,930 19,258 216%(10,328) 310 LLMD 89-1 Zone 156 8,991 10,803 6,900 13,403 194%(6,503) 311 Benefit Assessment District 2014-2 3,233 7,887 5,665 4,860 86%805 312 LLMD 2014-1 2,187 8,527 9,220 5,096 55%4,124 313 LLMD 2014-3 2,374 5,346 4,365 3,603 83%762 314 LLMD 2014-4 909 2,399 3,190 726 23%2,464 315 Community Facilities District 2019-1 3,208 3,840 3,120 3,198 102%(78) 400 Community Facilities District 2017-1 3,282 7,697 10,400 1,612 16%8,788 401 Community Facilities District 2017-2 17,709 20,518 42,692 25,840 61%16,852 402 Community Facilities District 2020-1 10,258 83,623 109,150 123,806 113%(14,656) 403 LMD 98-2 ORIGINAL - 1,698 7,669 5,417 71%2,252 404 LMD 98-2 ANNEX 01/Zone A - 4,197 5,531 4,141 75%1,389 405 LMD 98-2 ANNEX 02/Zone B - 28,806 61,172 40,253 66%20,919 406 LMD 98-2 ANNEX 03/Zone C - 4,028 11,948 8,395 70%3,553 407 LMD 98-2 ANNEX 04/Zone D - 8,607 15,762 10,981 70%4,781 408 LMD 98-2 ANNEX 06/Zone F - 2,892 12,969 8,944 69%4,025 409 LMD 2001-1 Zone G - 145 532 477 90%55 410 LMD 2001-1 Zone S - 336 1,363 995 73%368 411 LMD 2001-1 Zone W - 6,258 7,853 18,434 235%(10,581) 412 LMD 2001-2 Zone A - 3,342 25,028 10,987 44%14,041 413 LMD 2001-2 Zone B - 2,788 13,734 8,921 65%4,813 414 LMD 2001-2 Zone C - 130 2,407 691 29%1,716 415 LMD 2001-2 Zone D - 1,870 7,184 6,090 85%1,094 416 LMD 2001-2 Zone F - 528 3,227 1,785 55%1,442 417 LMD 2001-2 Zone G - 1,616 5,835 4,767 82%1,068 418 LMD 2001-2 Zone H - 4,696 19,327 14,741 76%4,586 419 LMD 2001-2 Zone J - 3,096 14,170 10,315 73%3,855 420 LMD 2001-2 Zone K - 841 2,412 2,832 117%(421) 421 LMD 2001-2 Zone M - 373 4,035 1,360 34%2,675 422 LMD 2001-3 Zone A - 18,822 7,713 4,986 65%2,727 423 LMD 2001-3 Zone B - 6,507 4,427 3,327 75%1,100 424 LMD 2001-3 Zone C - 1,011 4,196 2,794 67%1,402 425 LMD 2001-3 Zone D - 2,297 9,612 6,211 65%3,402 426 LMD 2001-3 Zone E - 5,080 21,198 13,735 65%7,463 427 LMD 2001-3 Zone F - 447 490 1,430 292%(940) 428 LMD 2001-3 Zone G - 2,379 6,435 4,446 69%1,989 429 LMD 2001-3 Zone H - 1,149 5,108 3,227 63%1,881 430 LMD 2001-3 Zone I - 5,857 26,329 18,922 72%7,408 431 LMD 2001-3 Zone J - 1,659 7,538 5,419 72%2,119 432 LMD 2001-3 Zone K - 2,579 11,976 8,217 69%3,759 433 LMD 2001-3 Zone L - 2,020 9,228 6,185 67%3,043 434 LMD 2001-3 Zone M - 3,567 15,429 9,448 61%5,981 435 LMD 2001-3 Zone N - 7,409 34,639 29,601 85%5,038 436 LMD 2001-3 Zone O - 319 1,423 935 66%489 437 LMD 2001-3 Zone P - 1,835 7,600 5,015 66%2,585 438 LMD 2001-3 Zone Q - 900 4,020 2,753 68%1,267 439 LMD 2001-3 Zone R - 221 1,119 815 73%303 City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov CITY OF EASTVALE UNAUDITED: 99% Reported Fiscal Year 2022-23Interim Financial Report | QUARTER FOUR ending June 30, 2023 | 12 months Other Funds Summary *Data includes transfers Audited Actuals Audited Actuals Amended Budget Actuals Amount Over(Under) Budget Description 2020-21 2021-22 2022-23 6/30/2023 2022-23 % Budget Used 440 LMD 2001-3 Zone S - 359 1,560 1,063 68%497 441 LMD 2001-3 Zone T - 2,633 10,863 7,191 66%3,672 442 LMD 2001-3 Zone U - 1,964 8,284 12,620 152%(4,336) 443 LMD 2001-3 Zone V - 3,075 12,200 9,454 77%2,745 444 LMD 2001-3 Zone W - 1,058 4,247 3,136 74%1,111 445 LMD 2001-3 Zone X - 274 1,240 831 67%408 446 LMD 2001-3 Zone Y - 446 220 1,311 596%(1,091) 447 LMD 2001-3 Zone Z - 491 2,112 1,424 67%688 448 LMD 2001-3 Zone AA - 331 1,483 1,015 68%468 449 LMD 2001-3 Zone BB - 262 1,162 801 69%361 450 LMD 2001-3 Zone CC - 2,502 11,433 10,381 91%1,052 451 LMD 2001-3 Zone DD - 2,821 11,986 8,547 71%3,439 452 LMD 2001-3 Zone EE - 1,437 6,175 3,986 65%2,189 453 LMD 2001-3 Zone FF - 3,107 14,102 10,264 73%3,838 454 LMD 2001-3 Zone GG - 747 3,169 2,120 67%1,049 455 LMD 2001-3 Zone HH - 601 2,582 1,718 67%864 456 LMD 2001-3 Zone II - 1,279 5,314 3,571 67%1,742 457 LMD 2001-3 Zone JJ - 235 1,065 734 69%331 458 LMD 2001-3 Zone KK - 1,222 5,942 3,317 56%2,626 459 LMD 2001-3 Zone LL - 513 2,203 6,370 289%(4,168) 460 LMD 2001-3 Zone MM - 709 3,258 2,273 70%985 461 LMD 2001-3 Zone NN - 904 3,797 2,567 68%1,230 462 LMD 2001-3 Zone OO - 951 3,828 2,726 71%1,102 463 LMD 2001-3 Zone PP - 1,174 4,710 3,807 81%904 464 LMD 2001-3 Zone QQ - 461 2,047 1,317 64%729 465 LMD 2001-3 Zone RR - 2,837 11,853 7,600 64%4,252 466 LMD 2001-3 Zone SS - 1,027 4,301 2,920 68%1,381 467 LMD 2001-3 Zone TT - 521 2,295 1,526 66%769 468 LMD 2001-3 Zone UU - 305 1,342 909 68%432 469 LMD 2001-3 Zone VV - 366 1,658 1,082 65%576 470 LMD 2001-3 Zone WW - 1,231 5,176 3,440 66%1,737 471 LMD 2001-3 Zone XX - 342 1,436 1,452 101%(16) 472 LMD 2001-3 Zone YY - 2,722 12,332 8,934 72%3,398 473 LMD 2001-3 Zone ZZ - 536 2,301 1,516 66%785 474 LMD 2001-3 Zone AAA - 2,252 9,302 6,256 67%3,046 475 LMD 2001-3 Zone BBB - 1,610 6,845 4,427 65%2,418 476 LMD 2001-3 Zone CCC - 4,129 17,796 11,916 67%5,881 477 LMD 2001-3 Zone DDD - 2,857 11,973 7,810 65%4,163 478 LMD 2001-3 Zone EEE - 73 230 470 205%(240) 479 LMD 2001-3 Zone FFF - 2,621 10,977 7,194 66%3,783 480 LMD 2001-3 Zone GGG - 1,204 5,256 3,308 63%1,948 481 LMD 2001-3 Zone HHH - 2,030 2,900 2,459 85%441 482 LMD 2001-3 Zone III - 3,679 24,331 30,926 127%(6,595) 483 LMD 2001-3 Zone JJJ - 1,547 6,490 4,301 66%2,188 484 LMD 2001-3 Zone LLL - 7,900 3,102 2,128 69%974 485 LMD 2001-3 Zone MMM - 1,078 4,575 2,959 65%1,616 486 Illumination District No 2 Subarea 35 - 1,250 4,843 3,618 75%1,225 487 Illumination District No 2 Subarea 42 - 407 1,627 1,341 82%286 488 Illumination District No 2 Subarea 46 - 1,212 5,140 8,226 160%(3,086) 489 Illumination District No 2 Subarea 49 - 1,498 6,045 5,027 83%1,018 490 Illumination District No 2 Subarea 55 - 268 1,205 821 68%384 500 Debt Service 467,960 4,510,719 - - 0%- 600 Capital Projects 609,510 1,021,164 14,354,865 3,273,187 23%11,081,678 City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov CITY OF EASTVALE UNAUDITED: 99% Reported Fiscal Year 2022-23Interim Financial Report | QUARTER FOUR ending June 30, 2023 | 12 months Other Funds Summary *Data includes transfers Audited Actuals Audited Actuals Amended Budget Actuals Amount Over(Under) Budget Description 2020-21 2021-22 2022-23 6/30/2023 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 59,197,540 7,906,268 13%51,291,272 City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov CITY OF EASTVALE UNAUDITED: 99% Reported Fiscal Year 2022-23Interim Financial Report | QUARTER FOUR ending June 30, 2023 | 12 months Available Resources Summary Audited Fund Balance Audited Fund Balance Actual Revenues Actual Expenditures Estimated Available Balance Fund Name & Type 2020-21 2021-22 6/30/2023 6/30/2023 6/30/2023 GENERAL FUNDS 100 General Fund 61,854,162$ 96,083,818$ 69,000,918$ 37,866,236$ 127,218,500$ TOTAL General Funds 61,854,162 96,083,818 69,000,918 37,866,236 127,218,500 OTHER PURPOSE GENERAL FUNDS 110 Restricted Structural Fire Fund 13,238,041$ 14,473,114$ 8,982,534$ 6,579,997$ 16,875,651$ TOTAL Other Purpose General Funds 13,238,041 14,473,114 8,982,534 6,579,997 16,875,651 SPECIAL REVENUE FUNDS 200 Gas Tax Fund 3,543,943$ 3,154,024$ 1,910,031$ 1,267,927$ 3,796,128$ 205 Road Maintenance and Rehabilitation Fund 1,143,195 800,050 1,630,373 5,422 2,425,001 206 Area Drainage Plan (ADP)903,503 885,689 22,224 (13,822) 921,734 210 Measure A Fund 4,350,543 4,648,626 3,561,411 1,572,979 6,637,058 211 TDA Fund - (102,318) 146,666 44,348 - 220 Air Quality Management District 493,791 513,467 105,726 1,844 617,349 230 Law Enforcement Grants - - - - - 240 Grants: Miscellaneous Grants Fund (162,796) (14,784) 520,685 479,696 26,204 241 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 - - - - - 270 TUMF Reimbursement Find (281,100) (625,167) 13,818 157,993 (769,342) 290 DIF Transportation Facilities Fund 310,602 423,775 520,618 (3,547) 947,941 291 DIF Fire Facilities Fund 500,518 538,832 70,837 (7,086) 616,755 292 DIF Public Facilities Fund 496,836 590,338 69,972 485,117 175,194 293 Road and Bridge Benefit District 6,445,412 6,670,033 218,470 (98,390) 6,986,893 300 LLMD 89-1 Zone 10 (7,381) (4,069) 4,743 159 515 301 LLMD 89-1 Zone 33 6,464 7,210 707 8 7,910 302 LLMD 89-1 Zone 41 1,701,381 1,788,103 76,992 (14,775) 1,879,870 303 LLMD 89-1 Zone 79 16,580 16,207 1,667 884 16,990 304 LLMD 89-1 Zone 85 28,766 30,600 985 (374) 31,958 305 LLMD 89-1 Zone 111 162,397 166,660 24,893 8,522 183,032 306 LLMD 89-1 Zone 115 (19,095) (28,207) 4,094 11,544 (35,657) 307 LLMD 89-1 Zone 116 59,745 61,041 7,897 4,950 63,988 308 LLMD 89-1 Zone 147 (3,448) (6,212) 1,717 5,179 (9,674) 309 LLMD 89-1 Zone 151 (43,000) (50,753) 9,512 19,258 (60,500) 310 LLMD 89-1 Zone 156 (17,467) (22,520) 7,139 13,403 (28,784) 311 Benefit Assessment District 2014-2 8,727 13,403 11,259 4,860 19,802 312 LLMD 2014-1 7,576 18,548 18,215 5,096 31,667 313 LLMD 2014-3 4,748 7,890 7,114 3,603 11,402 314 LLMD 2014-4 5,729 10,180 6,071 726 15,525 315 Community Facilities District 2019-1 (6,975) (654) 11,030 3,198 7,179 400 Community Facilities District 2017-1 188,809 255,799 41,746 1,612 295,932 401 Community Facilities District 2017-2 30,523 53,197 49,212 25,840 76,569 402 Community Facilities District 2020-1 62,605 52,480 95,925 123,806 24,598 403 LMD 98-2 ORIGINAL - 14,937 11,024 5,417 20,544 404 LMD 98-2 ANNEX 01/Zone A - (2,191) 8,149 4,141 1,817 405 LMD 98-2 ANNEX 02/Zone B - 13,087 91,834 40,253 64,667 406 LMD 98-2 ANNEX 03/Zone C - 272 16,645 8,395 8,521 407 LMD 98-2 ANNEX 04/Zone D - (2,374) 22,287 10,981 8,932 408 LMD 98-2 ANNEX 06/Zone F - 26,624 22,359 8,944 40,039 409 LMD 2001-1 Zone G - 1,717 1,092 477 2,332 410 LMD 2001-1 Zone S - 2,089 1,320 995 2,414 411 LMD 2001-1 Zone W - 14,079 14,940 18,434 10,585 412 LMD 2001-2 Zone A - 45,807 18,360 10,987 53,181 413 LMD 2001-2 Zone B - 23,568 17,360 8,921 32,007 414 LMD 2001-2 Zone C - 1,293 1,094 691 1,695 City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov CITY OF EASTVALE UNAUDITED: 99% Reported Fiscal Year 2022-23Interim Financial Report | QUARTER FOUR ending June 30, 2023 | 12 months Available Resources Summary Audited Fund Balance Audited Fund Balance Actual Revenues Actual Expenditures Estimated Available Balance Fund Name & Type 2020-21 2021-22 6/30/2023 6/30/2023 6/30/2023 415 LMD 2001-2 Zone D - 15,432 11,887 6,090 21,229 416 LMD 2001-2 Zone F - 2,600 3,067 1,785 3,881 417 LMD 2001-2 Zone G - 24,870 10,287 4,767 30,389 418 LMD 2001-2 Zone H - 35,195 28,855 14,741 49,308 419 LMD 2001-2 Zone J - 24,278 18,512 10,315 32,474 420 LMD 2001-2 Zone K - 1,117 1,716 2,832 1 421 LMD 2001-2 Zone M - 1,942 2,771 1,360 3,352 422 LMD 2001-3 Zone A - (14,920) 12,739 4,986 (7,167) 423 LMD 2001-3 Zone B - (3,135) 9,909 3,327 3,447 424 LMD 2001-3 Zone C - 21,467 8,419 2,794 27,092 425 LMD 2001-3 Zone D - 43,417 17,458 6,211 54,664 426 LMD 2001-3 Zone E - 95,124 38,591 13,735 119,981 427 LMD 2001-3 Zone F - 37,754 14,954 1,430 51,278 428 LMD 2001-3 Zone G - 1,054 7,967 4,446 4,574 429 LMD 2001-3 Zone H - 14,303 6,331 3,227 17,407 430 LMD 2001-3 Zone I - 55,862 40,910 18,922 77,850 431 LMD 2001-3 Zone J - 15,985 11,936 5,419 22,502 432 LMD 2001-3 Zone K - 15,442 14,651 8,217 21,876 433 LMD 2001-3 Zone L - 17,038 14,175 6,185 25,028 434 LMD 2001-3 Zone M - 52,240 25,718 9,448 68,510 435 LMD 2001-3 Zone N - 33,391 43,034 29,601 46,824 436 LMD 2001-3 Zone O - 6,257 2,746 935 8,069 437 LMD 2001-3 Zone P - 36,662 14,526 5,015 46,173 438 LMD 2001-3 Zone Q - 14,505 5,997 2,753 17,749 439 LMD 2001-3 Zone R - 1,628 1,699 815 2,512 440 LMD 2001-3 Zone S - 7,075 3,061 1,063 9,072 441 LMD 2001-3 Zone T - 54,380 21,130 7,191 68,318 442 LMD 2001-3 Zone U - 35,606 14,313 12,620 37,299 443 LMD 2001-3 Zone V - 60,262 23,359 9,454 74,167 444 LMD 2001-3 Zone W - 18,405 7,854 3,136 23,122 445 LMD 2001-3 Zone X - 5,245 2,365 831 6,779 446 LMD 2001-3 Zone Y - 8,765 3,689 1,311 11,143 447 LMD 2001-3 Zone Z - 9,695 4,093 1,424 12,364 448 LMD 2001-3 Zone AA - 6,136 2,843 1,015 7,965 449 LMD 2001-3 Zone BB - 5,743 2,464 801 7,406 450 LMD 2001-3 Zone CC - 21,073 17,523 10,381 28,214 451 LMD 2001-3 Zone DD - 48,052 23,649 8,547 63,155 452 LMD 2001-3 Zone EE - 23,315 9,563 3,986 28,893 453 LMD 2001-3 Zone FF - 27,284 21,436 10,264 38,456 454 LMD 2001-3 Zone GG - 14,635 6,056 2,120 18,572 455 LMD 2001-3 Zone HH - 11,733 4,877 1,718 14,892 456 LMD 2001-3 Zone II - 26,369 10,433 3,571 33,230 457 LMD 2001-3 Zone JJ - 4,707 2,102 734 6,076 458 LMD 2001-3 Zone KK - 1,620 1,655 3,317 (42) 459 LMD 2001-3 Zone LL - 10,208 4,358 6,370 8,196 460 LMD 2001-3 Zone MM - 7,428 5,042 2,273 10,197 461 LMD 2001-3 Zone NN - 18,180 7,293 2,567 22,906 462 LMD 2001-3 Zone OO - 17,875 7,230 2,726 22,379 463 LMD 2001-3 Zone PP - 20,973 8,413 3,807 25,579 464 LMD 2001-3 Zone QQ - 8,196 3,648 1,317 10,527 465 LMD 2001-3 Zone RR - 54,592 21,582 7,600 68,574 466 LMD 2001-3 Zone SS - 20,354 8,167 2,920 25,601 467 LMD 2001-3 Zone TT - 8,607 3,602 1,526 10,682 468 LMD 2001-3 Zone UU - 6,717 2,844 909 8,652 City of Eastvale │ 12363 Limonite Avenue, Suite 910, Eastvale, CA 91752 │ (951) 361-0900 │ eastvaleca.gov CITY OF EASTVALE UNAUDITED: 99% Reported Fiscal Year 2022-23Interim Financial Report | QUARTER FOUR ending June 30, 2023 | 12 months Available Resources Summary Audited Fund Balance Audited Fund Balance Actual Revenues Actual Expenditures Estimated Available Balance Fund Name & Type 2020-21 2021-22 6/30/2023 6/30/2023 6/30/2023 469 LMD 2001-3 Zone VV - 5,555 2,434 1,082 6,907 470 LMD 2001-3 Zone WW - 23,361 9,570 3,440 29,491 471 LMD 2001-3 Zone XX - 3,147 2,242 1,452 3,937 472 LMD 2001-3 Zone YY - 24,511 19,033 8,934 34,611 473 LMD 2001-3 Zone ZZ - 10,479 4,300 1,516 13,262 474 LMD 2001-3 Zone AAA - 45,690 17,999 6,256 57,433 475 LMD 2001-3 Zone BBB - 29,064 11,626 4,427 36,264 476 LMD 2001-3 Zone CCC - 61,609 28,879 11,916 78,573 477 LMD 2001-3 Zone DDD - 53,376 21,166 7,810 66,732 478 LMD 2001-3 Zone EEE - 6,113 2,900 470 8,542 479 LMD 2001-3 Zone FFF - 51,876 20,119 7,194 64,801 480 LMD 2001-3 Zone GGG - 18,489 7,672 3,308 22,854 481 LMD 2001-3 Zone HHH - (1,202) 2,137 2,459 (1,524) 482 LMD 2001-3 Zone III - 23,136 13,216 30,926 5,426 483 LMD 2001-3 Zone JJJ - 29,534 11,775 4,301 37,008 484 LMD 2001-3 Zone LLL - (1,818) 11,151 2,128 7,205 485 LMD 2001-3 Zone MMM - 18,972 8,225 2,959 24,238 486 Illumination District No 2 Subarea 35 - 7,499 3,795 3,618 7,677 487 Illumination District No 2 Subarea 42 - 2,106 1,496 1,341 2,262 488 Illumination District No 2 Subarea 46 - 8,124 3,263 8,226 3,161 489 Illumination District No 2 Subarea 49 - 10,343 4,113 5,027 9,429 490 Illumination District No 2 Subarea 55 - 2,076 679 821 1,934 TOTAL Special Revenue Funds 19,931,122 21,535,146 10,229,500 4,633,081 27,131,565 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$ 11,417,107$ 3,273,187$ 11,052,878$ 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 12,720,759 3,273,187 12,356,530 INTERNAL SERVICE FUNDS 700 Information Technology Reserve Fund - -$ -$ -$ -$ TOTAL Internal Service Funds - - - - - TOTAL 96,811,044$ 135,001,036$ 100,933,711$ 52,352,502$ 183,582,246$ GENERAL FUND - FUND BALANCE RESERVES AND COMMITMENTS Total General Fund Estimated Fund Balance at 03/31/2022 127,218,500$ Nonspendable (Per 06/30/2022 ACFR):Prepaid Items 260,181 Total Nonspendable Fund Balance 260,181 Assigned:Emergency Contingency (50% of Adopted Appropriations)15,006,550 Total Assigned Reserves 15,006,550 Committed: 33,000,000 10,000,000 8,000,000 1,620,500 Facility Construction: City Hall Facility Construction: LibraryFacility Construction: Police Substation Pension Liability (CalPERS Reserve) 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 CITY OF EASTVALE UNAUDITED: 99% Reported Fiscal Year 2022-23Interim Financial Report | QUARTER FOUR ending June 30, 2023 | 12 months Available Resources Summary Audited Fund Balance Audited Fund Balance Actual Revenues Actual Expenditures Estimated Available Balance Fund Name & Type 2020-21 2021-22 6/30/2023 6/30/2023 6/30/2023 Committed Appropriations Limit Qualified Capital Outlay Reserve: 23,945,429 17,595,000 1,500,000 General Fund: Facility Construction: City Hall - Appropriations Limit General Fund: Facility Construction: Library - Appropriations LimitGeneral Fund: Equipment Purchase, Fire Truck - Appropriations LimitGeneral 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 13,551,021$ 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 CITY OF EASTVALE UNAUDITED: 99% Reported Fiscal Year 2022-23Interim Financial Report | QUARTER FOUR ending June 30, 2023 | 12 months Assigned Reserve: Contingency Calculation Audited Fund Balance Audited Fund Balance Amended Revenue Budget Amended 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$ 42,733,769$ 118,079,484$ TOTAL General Funds 61,854,162 96,083,818 64,729,435 42,733,769 118,079,484 Assigned 50% Contingency Reserve Policy: 50% of Annual Budgeted Operating ExpendituresTotal Expenditures 42,733,769 Non-Operating Expenditures 12,720,669 Operating Expenditures 30,013,100 50% Reserve 15,006,550 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 CITY OF EASTVALE UNAUDITED: 99% Reported Fiscal Year 2022-23Interim Financial Report | QUARTER FOUR ending June 30, 2023 | 12 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 CITY OF EASTVALE UNAUDITED: 99% Reported Fiscal Year 2022-23Interim Financial Report | QUARTER FOUR ending June 30, 2023 | 12 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 10,173,170 Quarterly Quarter 4 2,332,606 2,281,948 11,208,862 11,047,330 12,419,799 Budget: TOTAL Sales Tax 9,609,575 10,348,979 28,120,058 44,710,286 47,356,371 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