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
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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