HomeMy WebLinkAbout2020-12 CC Resolution RESOLUTION NO. 2020-12
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF TEMECULA, AMENDING THE FISCAL YEAR 2019-20
ANNUAL OPERATING BUDGET
THE CITY COUNCIL OF THE CITY OF TEMECULA DOES HEREBY RESOLVE AS
FOLLOWS:
Section 1. The purpose of this review is to conduct an analysis of revenues and
expenditures to ensure that the City maintains a prudent and healthy fiscal position.
Section 2. That each year a mid-year review is conducted of City operating budgets.
Section 3. That the mid-year review has been completed and the recommended
adjustments are reflected in the attached schedules for the City's General Fund, Special Revenue,
Debt Service and Internal Services Funds.
Section 4. That the Fiscal Year 2019-20 General Fund and Measure S Fund Annual
Operating Budgets are hereby amended in accordance with the attached Exhibit A, General Fund
Fiscal Year 2019-20 Mid-Year Budget.
Section 5. That the Fiscal Year 2019-20 Special Revenue and Debt Service Funds
Annual Operating Budgets are hereby amended in accordance with the attached Exhibit B —
t Special Revenue and Debt Service Funds Fiscal Year 2019-20 Mid-Year Budget.
Section 6. That the Fiscal Year 2019-20 Internal Services Funds Annual Operating
Budgets are hereby amended in accordance with the attached Exhibit C, Internal Services Funds
Fiscal Year 2019-20 Mid-Year Budget.
Section 7. That Fund 105: NPDES In Lieu Fees Fund be established to account for the
collection of fees to fund, or partially fund, alternative compliance projects in-lieu of meeting
certain requirements of the National Pollutant Discharge Elimination System (NPDES) Permit
onsite.
Section 8. That Fund 106: Jefferson Street In Lieu Fees Fund be established to account
for the collection of fees to construct new street improvements within the Uptown Temecula area,
for development projects that cannot contribute right-of-way or build the improvements as part of
the development.
Section 9. The City Clerk shall certify adoption of the resolution.
PASSED, APPROVED, AND ADOPTED by the City Co • of the City of Temecula
this 25th day of February, 2020.
ames Stewart, Mayor
ATTEST:
Randi Joh , City Clerk
[SEAL]
2
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Randi Johl, City Clerk of the City of Temecula, do hereby certify that the foregoing
Resolution No. 2020-12 was duly and regularly adopted by the City Council of the City of
Temecula at a meeting thereof held on the 25th day of February, 2020, by the following vote:
AYES: 5 COUNCIL MEMBERS: Edwards, Naggar, Rahn, Schwank,
Stewart
NOES: 0 COUNCIL MEMBERS: None
ABSTAIN: 0 COUNCIL MEMBERS: None
ABSENT: 0 COUNCIL MEMBERS: None
Randi Johl, City Clerk
3
City of Temecula
C-1°---;:-.471Fiscal Year 2019-20
`` R Mid-Year Adjustments
FUND:300 INSURANCE FUND
%Change
2019-20 Year to Date 2019-20 From
2018-19 Current Actuals Revised Increase/ Current
Description Actuals Budget 12-31-19 Budget (Decrease) Budget
Revenues by Source
Licenses,Permits and Service Charges
Charges For Services 938,171 1,433,913 1,034,399 1,433,913 - 0 0%
Miscellaneous
Miscellaneous 238,580 - - - - 0.0%
Use of Money and Property
Investment Interest 9,416 3,000 6,908 3,000 - 0.0%
Total Revenues and Other Sources 1,186,167 1,436,913 1,041,307 1,436,913 - 0.0%
Expenses by Category
Personnel 36,685 66,889 23,504 46,554 (20,335) -30.4%
Operations and Maintenance 879,666 959,370 819,713 985,827 26,457 2.8%
Total Expenses and Other Financing Uses 916,351 1,026,259 843,218 1,032,381 6,122 0.6%
Excess of Revenues Over(Under)Expenses 269,816 410,654 198,089 404,532 (6,122) -1.5%
Net Position,Beginning of Year 51,958 321,774 321,774 - 0.0%
Adjustment to Net Position
Net Position,End of Year 321,774 732,428 726,306 (6,122) -0.8%
L
Fund Description
The Insurance Fund was established to account for the City's liability and property insurance costs. Net Position is a combination of both
spendable and non spendable assets.These costs are allocated to each department based on the total number of Full Time Equivalent positions
assigned to those departments The City has a Self-Insured Retention(SIR)of$150,000 per incident,and strives to maintain a Net Position equal
to two times the SIR.
it City of Temecula
(7.-----'.e.04.4-leirFiscal Year 2019-20
R Mid-Year Adjustments
FUND:305 WORKERS'COMPENSATION FUND
%Change
2019-20 Year to Date 2019-20 From
2018-19 Current Actuals Revised Increase/ Current
Description Actuals Budget 12-31-19 Budget (Decrease) Budget
Revenues by Source
Licenses,Permits and Service Charges
Charges for Services 739,791 328,000 1,071 328,000 - 0.0%
Use of Money and Property
Investment Interest 33,625 13,000 19,240 13,000 - 0.0%
Total Revenues and Other Sources 773,415 341,000 20,311 341,000 - 0.0%
Expenses by Category
Personnel 26,671 49,816 14,824 29,481 (20,335) -40.8%
Operations and Maintenance 131,384 205,963 90,018 205,963 - 0.0%
Total Expenses and Other Financing Uses 158,056 255,779 104,842 235,444 (20,335) -8.0%
Excess of Revenues Over(Under)Expenses 615,360 85,221 (84,531) 105,556 20,335 23.9%
Net Position,Beginning of Year 1,386,621 2,001,981 2,001,981 - 0.0%
Net Position,End of Year 2,001,981 2,087,201 2,107,536 20,335 1.0%
ri
Fund Description
• The Workers'Compensation Fund was established in Fiscal Year 2014-15 as the City transitions to a self-insured status for Workers'Compensation
liabilities. Departments are charged based on each position allocated on a Full Time Equivalent basis,with a cost assigned to each position based
on job duties and potential for risk. The desired Net Position for this fund is$1.5 million, which represents three-times the City's Self-Insured
Retention amount of$500,000
•
City of Temecula
C( 01. , --zet-t, Fiscal Year 2019-20
R Mid-Year Adjustments
FUND:310 VEHICLES AND EQUIPMENT FUND
%Change
2019-20 Year to Date 2019-20 From
2018-19 Current Actuals Revised Increase/ Current
Description Actuals Budget 12-31-19 Budget (Decrease) Budget
Revenues by Source
Licenses,Permits and Service Charges
Charges for Services 111,939 377,666 82,781 377,666 - 0.0%
Use of Money and Property
Investment Interest 55,499 24,000 23,211 24,000 - 0.0%
Operating Transfers In
Measure S 1,150,000 500,000 250,000 500,000 - 0.0%
Total Revenues and Other Sources 1,317,438 901,666 355,992 901,666 - 0.0%
Expenses by Category
Operations and Maintenance 117,596 - - - 0.0%
Capital Outlay - 652,874 171,730 782,874 130,000
Total Expenses and Other Financing Uses 117,596 652,874 171,730 782,874 130,000 19.9%
Excess of Revenues Over(Under)Expenses 1,199,842 248,792 184,262 118,792 (130,000) -52 3%
Net Position,Beginning of Year 2,587,693 3,787,535 3,787,535 - 0.0%
Adjustment to Net Position - - - -
Net Position,End of Year 3,787,535 4,036,327 3,906,327 (130,000) -3.2%
Fund Description
The Vehicles and Equipment Fund was established to account for the depreciation of vehicles and capital equipment over their estimated useful
lives, and to accumulate resources for the purchase of future replacement vehicles and equipment Net Position is a combination of both
spendable and non spendable assets.Departments are charged based on the replacement costs for each asset benefitting the department.
l
City of Temecula
( / -d
Fiscal Year 2019-20
R Mid-Year Adjustments
FUND:320 INFORMATION TECHNOLOGY FUND
%Change
2019-20 Year to Date 2019-20 From
2018-19 Current Actuals Revised Increase/ Current
Description Actuals Budget 12-31-19 Budget (Decrease) Budget
Revenues by Source
Licenses,Permits and Service Charges
Charges for Services 3,285,674 4,264,165 1,956,994 4,264,165 - 0.0%
Miscellaneous
Miscellaneous 45,003 - - - - 0 0%
Use of Money and Property
Investment Interest 5,555 1,000 6,244 1,000 - 0.0%
Operating Transfers In
General Fund - - - - - 0.0%
Measure S 450,000 160,000 80,000 160,000 - 0.0%
Total Revenues and Other Sources 3,786,232 4,425,165 2,043,238 4,425,165 - 0 0%
Expenses by Category
Personnel 1,828,191 1,929,054 906,070 1,929,054 - 0.0%
Operations and Maintenance 1,463,955 2,888,566 1,169,542 2,938,566 50,000 1.7%
Total Expenses and Other Financing Uses 3,292,146 4,817,620 2,075,612 4,867,620 50,000 1.0%
Excess of Revenues Over(Under)Expenses 494,086 (392,455) (32,374) (442,455) (50,000) 12.7%
Net Position,Beginning of Year 472,739 966,825 966,825 - 0 0%
Adjustment to Net Position - - - -
Net Position,End of Year 966,825 574,370 524,370 (50,000) -8.7%
Fund Description
The Information Technology Fund was established to fund and account for computer and telephone system operating and maintenance expenses.
Net Position is a combination of both spendable and non spendable assets.Adjustments are made to Net Position to include additional spendable
resources available for expenditure. Departments are charged based on the number of electronic devices assigned The Ronald H. Roberts
Temecula Public Library facility is charged directly for all IT expenditures and personnel costs related to the facility.
)02 City of Temecula
fr-
(-71;-:"1"- Fiscal Year 2019-20
R Mid-Year Adjustments
FUND: 325 TECHNOLOGY REPLACEMENT FUND
%Change
2019-20 Year to Date 2019-20 From
2018-19 Current Actuals Revised Increase/ Current
Description Actuals Budget 12-31-19 Budget (Decrease) Budget
Revenues by Source
Licenses,Permits and Service Charges
Charges for Services 299,510 289,509 85,709 289,509 - 0.0%
Operating Transfer In
Operating Transfer In 125,000 - - - - 0.0%
Measure S Fund 500,000 500,000 250,000 500,000 - 0.0%
Use of Money and Property
Investment Interest 19,124 8,000 13,262 8,000 - 0.0%
Total Revenues and Other Sources 943,634 797,509 348,971 797,509 - 0.0%
Expenses by Category
Operations and Maintenance 228,432 - - - - 0.0%
Capital Outlay 201,871 478,398 232,283 478,398 - 0.0%
Operating Transfers Out - 763,534 - 763,534 - 0.0%
Total Expenses and Other Financing Uses 430,303 1,241,932 232,283 1,241,932 - 0.0%
Excess of Revenues Over(Under)Expenses 513,331 (444,423) 116,689 (444,423) - 0.0%
Net Position,Beginning of Year 1,249,447 1,762,778 1,762,778 0.0%
Adjustment to Net Position -
Net Position,End of Year 1,762,778 1,318,355 1,318,355 - 0.0%
Fund Description
The Technology Replacement Fund was established in Fiscal Year 2014-15 in order to accumulate resources for computer and telephone
equipment and software to fund future equipment replacement. Net Position is a combination of both spendable and non spendable assets.
Contributions to this fund are made by departments utilizing the assets in an amount equivalent to the estimated cost to replace the item at the
end of its useful life.
City of Temecula
Fiscal Year 2019-20
l/ R Mid-Year Adjustments
FUND: 330 SUPPORT SERVICES FUND
%Change
2019-20 Year to Date 2019-20 From
2018-19 Current Actuals Revised Increase/ Current
Description Actuals Budget 12-31-19 Budget (Decrease) Budget
Revenues by Source
Licenses,Permits and Service Charges
Charges for Services 345,101 412,721 152,995 412,721 - 0.0%
Use of Money and Property
Investment Interest 5,117 5,000 140 5,000 - 0.0%
Total Revenues and Other Sources 350,218 417,721 153,135 417,721 - 0.0%
Expenses by Category
Personnel 224,029 231,009 111,096 231,009 - 0.0%
Operations and Maintenance 122,959 182,542 41,827 182,542 - 0.0%
Operating Transfer Out 444,102 - - - - 0.0%
Total Expenses and Other Financing Uses 791,090 413,551 152,923 413,551 - 0.0%
Excess of Revenues Over(Under)Expenses (440,872) 4,170 211 4,170 - 0.0%
Net Position,Beginning of Year 444,102 3,230 3,230 - 0.0%
Adjustment to Net Position - - - -
Net Position,End of Year 3,230 7,400 7,400 - 0.0%
Fund Description
The Support Services Fund was established as a cost center for the City's central receptionist, duplicating, printing, and mailing activities. Net
Position is a combination of both spendable and non spendable assets.Departments are charged based on a count of copies made in the previous
fiscal year. In FY2018-19, the assets and available balance in this fund was transferred to establish Fund 355 - Support Services Replacement
Fund,in order to accumulate resources for the future replacement of the City's duplicating and printing equipment.
i
tr
pi City of Temecula
t- c--(;rec:et. Fiscal Year 2019-20
R Mid-Year Adjustments
FUND:335 SUPPORT SERVICES REPLACEMENT FUND
%Change
2019-20 Year to Date 2019-20 From
2018-19 Current Actuals Revised Increase/ Current
Description Actuals Budget 12-31-19 Budget (Decrease) Budget
Revenues by Source
Licenses,Permits and Service Charges
Charges for Services 33,564 41,930 18,194 41,930 - 0.0%
Operating Transfer In
Operating Transfer In 444,102 - - - - 0.0%
Use of Money and Property
Investment Interest 1,850 - 3,260 - - 0.0%
Total Revenues and Other Sources 479,516 41,930 21,454 41,930 - 0.0%
Expenses by Category
Operations and Maintenance 42,231 50,000 49,996 50,000 - 0.0%
Capital Outlay -
Total Expenses and Other Financing Uses 42,231 50,000 49,996 50,000 - 0.0%
Excess of Revenues Over(Under)Expenses 437,285 (8,070) (28,542) (8,070) - 0.0%
Net Position,Beginning of Year - 437,285 437,285 - 0.0%
r 4 Adjustment to Net Position - - - -
Net Position,End of Year 437,285 429,215 429,215 - 0.0%
Fund Description
The Support Services Replacement Fund was established in Fiscal Year 2018-19 in order to accumulate resources for the future replacement of the
City's duplicating and printing equipment. Net Position is a combination of both spendable and non spendable assets. Contributions to this fund
are made by departments utilizing the assets in an amount equivalent to the estimated cost to replace the item at the end of its useful life.
City of Temecula
Imi
C7 —'''‘'-e"::("ge':------- Fiscal Year 2019-20
R Mid-Year Adjustments
FUND: 340 FACILITIES FUND
%Change
2019-20 Year to Date 2019-20 From
2018-19 Current Actuals Revised Increase/ Current
Description Actuals Budget 12-31-19 Budget (Decrease) Budget
Revenues by Source
Licenses,Permits and Service Charges
Charges for Services 1,312,369 1,356,862 593,305 1,356,862 - 0.0%
Use of Money and Property
Investment Interest 8,612 6,000 4,701 6,000 - 0.0%
Total Revenues and Other Sources 1,320,980 1,362,862 598,006 1,362,862 - 0.0%
Expenses by Category
Personnel 385,778 394,928 184,869 380,144 (14,784) -3.7%
Operations and Maintenance 896,745 972,644 424,268 972,644 - 0 0%
Total Expenses and Other Financing Uses 1,282,523 1,367,572 609,137 1,352,788 (14,784) -1.1%
Excess of Revenues Over(Under)Expenses 38,457 (4,710) (11,131) 10,074 14,784 -313.9%
Net Position,Beginning of Year 521,052 559,509 559,509 - 0 0%
Adjustment to Net Position - - - -
Net Position,End of Year 559,509 554,800 569,584 14,784 2.7%
Fund Description
The Facilities Fund was established to account for the cost of the Civic Center,Former City Hall Facility,City Maintenance Facility,Field Operations
Center, and Civic Center Parking Structure operations and maintenance. Net Position is a combination of both spendable and non spendable
assets.Departments are charged based on square footage allotted as well as full time staff equivalents assigned.
k
City of Temecula
Fiscal Year 2019-20
ge-:;:e--efil--
Mid-Year Adjustments
FUND: 350 FACILITY REPLACEMENT FUND
%Change
2019-20 Year to Date 2019-20 From
2018-19 Current Actuals Revised Increase/ Current
Description Actuals Budget 12-31-19 Budget (Decrease) Budget
Revenues by Source
Licenses,Permits and Service Charges
Charges for Services 8,756 54,324 14,714 54,324 - 0.0%
Use of Money and Property
Investment Interest 919 1,000 1,784 1,000 - 0.0%
Operating Transfer In
Transfer In Measure S 500,000 500,000 250,000 500,000 - 0.0%
Total Revenues and Other Sources 509,675 555,324 266,498 555,324 - 0.0%
Expenses by Category
Operations and Maintenance 15,194 - - - - 0.0%
Capital Outlay - 201,714 64,573 201,714 - 0.0%
Operating Transfers Out 143,664 - 300,000 - - 0.0%
Total Expenses and Other Financing Uses 158,858 201,714 364,573 201,714 - 0.0%
Excess of Revenues Over(Under)Expenses 350,817 353,610 (98,075) 353,610 - 0.0%
O, Net Position,Beginning of Year - 350,817 350,817 - 0.0%
Net Position,End of Year 350,817 704,427 704,427 - 0.0%
Fund Description
This fund was established to accumulate resources for the future replacement of equipment,systems and fixtures within City-owned facilites.
lj City of Temecula
R
' Fiscal Year 2019-20
`( Mid-Year Adjustments
Fund: 001 GENERAL FUND
2019-20 Year to Date 2019-20
2018-19 Current Actuals Revised Increase/ %Increase
Description Actuals Budget 12-31-19 Budget (Decrease) (Decrease)
Revenues by Category
Taxes and Franchises 54,295,140 51,998,875 23,263,419 52,136,857 137,982 0.3%
Licenses,Permits and Service Charges 6,441,915 6,750,251 4,384,601 7,765,785 1,015,534 15.0%
Fines and Forfeitures 614,182 672,320 228,861 550,741 (121,579) -18.1%
Use of Money and Property 1,057,287 387,650 350,183 387,500 (150) 0.0%
Intergovernmental Revenues 8,161,712 8,503,309 - 8,490,331 (12,978) -0.2%
Reimbursements 2,377,423 2,832,938 1,115,409 2,706,967 (125,971) -4.4%
Operating Transfers In 7,145,261 8,887,305 4,499,804 8,790,167 (97,138) -1.1%
Miscellaneous Revenue 85,582 94,980 170,620 94,980 - 0 0%
Total Operating Revenues 80,178,501 80,127,628 34,012,897 80,923,328 795,700 1.0%
Expenditures by Department
City Council 468,147 578,128 262,596 578,128 - 0.0%
Community Support 110,650 125,000 65,155 125,000 - 0.0%
City Manager 1,426,164 1,595,354 710,969 1,585,187 (10,167) -0 6%
Economic Development 1,348,069 1,583,056 815,305 1,583,056 - 0.0%
Emergency Management 252,495 157,271 54,975 106,455 (50,816) -32.3%
City Clerk 1,202,267 1,452,595 563,457 1,452,595 - 0.0%
City Attorney 796,681 942,300 259,978 942,300 - 0.0%
Finance 2,415,639 2,837,057 1,276,887 2,837,057 - 0.0%
Human Resources 1,064,098 1,282,559 476,406 1,180,878 (101,681) -7.9%
-, Planning 2,009,866 2,806,422 1,099,506 2,846,311 39,889 1.4%
Building&Safety 2,813,382 3,332,316 1,401,841 3,332,316 - 0.0%
Land Development 1,532,044 1,908,691 803,728 1,943,691 35,000 1.8%
Public Works 5,496,587 6,405,938 2,373,777 6,454,980 49,042 0.8%
CIP Admin 2,027,682 2,444,640 1,075,898 2,444,640 - 0.0%
Parks Maintenance 3,772,669 3,964,281 1,995,353 3,984,281 20,000 0 5%
Police 32,087,127 34,865,402 14,052,804 34,815,449 (49,953) -0.1%
Fire 9,000,886 10,271,456 5,183,660 10,304,956 33,500 0 3%
Animal Control 423,178 475,235 297,667 475,235 - 0.0%
Non Departmental:
Property Tax Admin 61,399 85,529 - 85,529 - 0 0%
Audi Reimbursement - - - - - 0.0%
Retiree Medical Contribution 1,627,325 1,500,000 416,398 1,500,000 - 0.0%
PERs Replacement Benefit 97,497 97,484 - 97,484 - 0.0%
Staffing Continuity Reserve - 100,000 - 100,000 - 0.0%
Total Operating Expenditures 70,033,852 78,810,713 33,186,358 78,775,528 (35,186) 0.0%
Excess of Revenues Over(Under)Expenditures 10,144,649 1,316,915 826,539 2,147,800 830,886 63.1%
Fund Description
The General Fund is the main operating fund for the City of Temecula It is used to account for all financial resources for the City that are not restricted
to a special purpose and otherwise required to be accounted for in another fund. The General fund provides the resources necessary to sustain the
day-to-day activities and pays for all administrative and operating expenditures.
t
1?, City of Temecula
C ( 4.--:e—c,t-- --tAg
-% Fiscal Year 2019-20
Mid-Year Adjustments
Fund: 001 GENERAL FUND
2019-20 Year to Date 2019-20
2018-19 Current Actuals Revised Increase/ %Increase
Description Actuals Budget 12-31-19 Budget (Decrease) (Decrease)
Excess of Revenues Over(Under)Expenditures 10,144,649 1,316,915 826,539 2,147,800 830,886 63.1%
Operating Transfers Out/One Time Payments
Capital Improvement Fund (3,130,036) (1,393,802) (971,725) (1,393,802) - 0.0%
-Citywide Streetlight Acquisition and LED Retrofit (2,503,311) - - - 0.0%
-1-15 Congestion Relief (400,000) (951,725) (951,725) (951,725) - 0.0%
-Sidewalks-DLR Drive - (442,077) (20,000) (442,077) - 0.0%
-Traffic Signal Park&Ride Access Improvements (226,725) - - - - 0.0%
Section 115 Pension Trust (1,404,941) (2,000,000) (2,000,000) (2,000,000) - 0.0%
Technology Replacement Fund (125,000) - - - - 0.0%
2018 Financing Lease-Civic Center (2,081,891) (2,075,512) (1,036,609) (2,075,512) - 0.0%
2018 Financing Lease-MRC (416,855) (555,807) (277,804) (555,807) - _ 0.0%
Total Transfers Out/One Time Payments (7,158,723) (6,025,121) (4,286,138) (6,025,121) - 0.0%
Fund Balance,Beginning of Year 30,727,978 33,713,903 33,713,903 - 0.0%
Fund Balance,End of Year 33,713,903 29,005,697 29,836,583 830,886 2.9%
Details of Fund Balance
Nonspendable:
Inventory/Prepaid Costs/Deposits 4,383 - - - 0.0%
Committed To: - 0.0%
Economic Uncertainty Reserve(20%) 14,006,770 15,762,143 15,755,106 (7,037) 0.0%
Secondary Reserve(5%) 3,501,693 3,940,536 3,938,776 (1,759) 0.0%
Pechanga IGA 343,148 360,305 360,305 - 0.0%
Assigned To:
Capital Projects 1,393,802 - - - 0.0%
Unassigned: 14,464,107 8,942,713 9,782,396 839,682 9.4%
33,713,903 29,005,697 29,836,583 830,886 2.9%
J?; City of Temecula
C7-- st":-)
Fiscal Year 2019-20
_ _ Mid-Year Adjustments
FUND: 002 MEASURE S FUND
%Change
2019-20 Year to Date 2019-20 From
2018-19 Current Actuals Revised Increase/ Current
Description Actuals Budget 12-31-19 Budget (Decrease) Budget
Revenues by Source
Taxes and Franchises
Transactions and Use Tax 27,988,574 27,744,000 12,220,250 28,671,000 927,000 5.1%
Operating Transfers In
Capital Improvement Program - - 503,165 503,165 5.1%
Use of Money and Property
Investment Interest 61,206 40,000 60,258 40,000 - 0.0%
Total Revenues and Other Sources 28,049,781 27,784,000 12,280,508 29,214,165 1,430,165 5.1%
Expenditures by Category
Operating Transfers Out-General Fund 4,421,572 5,735,418 2,867,709 5,735,418 - 0.0%
Operating Transfers Out-Fleet Replacement 1,150,000 500,000 250,000 500,000 - 0.0%
Operating Transfers Out-Information Technology 450,000 160,000 80,000 160,000 - 0.0%
Operating Transfers Out-Tech Replacement 500,000 500,000 250,000 500,000 - 0.0%
Operating Transfers Out-TCSD 6,211,702 7,989,182 3,994,591 8,214,182 225,000 2.8%
Operating Transfers Out-Service Level B 62,661 71,037 71,037 71,037 - 0.0%
Operating Transfers Out-Library 662,527 921,203 460,602 921,203 - 0.0%
Operating Transfers Out-CIP 12,608,046 14,545,112 2,860,264 17,291,287 2,746,175 18.9%
Operating Transfers Out-Facility Replacement 500,000 500,000 250,000 500,000 - 0.0%
Operating Transfers Out-Street Maintenance 1,400,000 1,500,000 750,000 1,500,000 - 0.0%
-, Total Expenditures and Other Financing Uses 27,966,508 32,421,952 11,834,203 35,393,127 2,971,175 9.2%
Excess of Revenues Over(Under)Expenditures 83,273 (4,637,952) 446,306 (6,178,962) (1,541,010) 33.2%
Fund Balance,Beginning of Year 6,680,792 6,764,065 6,764,065 - 0.0%
Fund Balance,End of Year 6,764,065 2,126,113 585,103 (1,541,010) -72.5%
Fund Description
Measure S,approved by the voters on November 8,2016,established a one-cent Transactions and Use Tax for the City. The measure was approved based on
the commitment to maintain 9-1-1 emergency response times, prevent cuts to local paramedic/police/fire protection, school safety patrols, youth/after-
school,senior and disabled services;improve freeway interchanges/reduce traffic and provide for other general services.
City of Temecula
1�_ Fiscal Year 2019-20
((( Q Mid-Year Adjustments
FUND: 100 GAS TAX FUND
2019-20 Year to Date 2019-20
2018-19 Current Actuals Revised Increase/ %Change From
Description Actuals Budget 12-31-19 Budget (Decrease) Current Budget
Revenues by Source
Taxes and Franchises
Gas Tax 2,309,817 2,952,887 1,430,353 2,878,242 (74,645) -2.5%
Use of Money and Property
Investment Interest 7,693 4,000 3,902 4,000 - 0.0%
Total Revenues and Other Sources 2,317,510 2,956,887 1,434,255 2,882,242 (74,645) -2.5%
Expenditures by Category
Operating Transfers Out-General Fund 2,317,510 2,956,887 1,430,984 2,882,242 (74,645) -2.5%
Total Expenditures and Other Financing Uses 2,317,510 2,956,887 1,430,984 2,882,242 (74,645) -2.5%
Excess of Revenues Over(Under)Expenditures - - 3,270 - - 0.0%
Fund Balance,Beginning of Year - - - - 0.0%
Fund Balance,End of Year - - - - 0.0%
Fund Description
01, This fund was established to account for the tax per gallon on the purchase of motor vehicle fuel imposed by the State of California A portion is
allocated to the City of Temecula as specified in the California Streets and Highways Code(SHC)(Sections 2013,2105,2107 and 2107.5).Gas Tax monies
are restricted to the repair,maintenance and upkeep of City streets and roads,and the purchase of equipment used to maintain roads.
0-
City of Temecula
f ge;-7:141; Fiscal Year 2019-20
Mid-Year Adjustments
FUND: 102 ROAD MAINTENANCE REHAB ACCOUNT(RMRA)FUND
2019-20 Year to Date 2019-20
2018-19 Current Actuals Revised Increase/ %Change From
Description Actuals Budget 12-31-19 Budget (Decrease) Current Budget
Revenues by Source
Taxes and Franchises
Gas Tax 2031(RMRA) 2,038,465 1,873,331 1,073,500 2,097,027 223,696 11.9%
Use of Money and Property
Investment Interest 10,515 2,500 16,482 2,500 - 0.0%
Total Revenues and Other Sources 2,048,979 1,875,831 1,089,982 2,099,527 223,696 11.9%
Expenditures by Category
Operating Transfer Out CIP 1,251,263 1,875,831 2,000,000 2,978,734 1,102,903 58.8%
Total Expenditures and Other Financing Uses 1,251,263 1,875,831 2,000,000 2,978,734 1,102,903 58.8%
Excess of Revenues Over(Under)Expenditures 797,716 - (910,018) (879,207) (879,207) 0 0%
Fund Balance,Beginning of Year 512,997 1,310,713 1,310,713 - 0.0%
Fund Balance,End of Year 1,310,713 1,310,713 431,506 (879,207) -67 1%
Fund Description
This fund is to account for gasoline and vehicle registration taxes pursuant to the Road Repair and Accountability Act of 2017(SB1 Beall). Monies are
collected by the State of California and allocated to local agencies for streets and roads projects and other transportation uses.
� City of Temecula
1 Fiscal Year 2019-20
((( R Mid-Year Adjustments
FUND: 103 STREET MAINTENANCE FUND
2019-20 Year to Date 2019-20
2018-19 Current Actuals Revised Increase/ %Change From
Description Actuals Budget 12-31-19 Budget (Decrease) Current Budget
Revenues by Source
Operating Transfer In
Measure S 1,400,000 1,500,000 750,000 1,500,000 - 0 0%
Use of Money and Property
Investment Interest 12,984 5,000 16,009 5,000 - 0 0%
Total Revenues and Other Sources 1,412,984 1,505,000 766,009 1,505,000 - 0.0%
Expenditures by Category
Operations and Maintenance - - - - - 0.0%
Operating Transfer Out - - - - - 0.0%
Total Expenditures and Other Financing Uses - - - - - 0.0%
Excess of Revenues Over(Under)Expenditures 1,412,984 1,505,000 766,009 1,505,000 - 0.0%
Fund Balance,Beginning of Year - 1,412,984 1,412,984 - 0.0%
Fund Balance,End of Year 1,412,984 2,917,984 2,917,984 - 0.0%
Fund Description
' This fund was established to accumulate resources for the future replacement of streets and roads throughout the City.
City of Temecula
Ail
C (eiltieVet Fiscal Year 2019-20
Mid-Year Adjustments
FUND: 105 NPDES IN LIEU FEES
2019-20 Year to Date 2019-20
2018-19 Current Actuals Revised Increase/ %Change From
Description Actuals Budget 12-31-19 Budget (Decrease) Current Budget
Revenues by Source
Operating Transfer In
In-Lieu Fees - - - 310,765 310,765 0.0%
Use of Money and Property
Investment Interest - - - - - 0.0%
Total Revenues and Other Sources - - - 310,765 310,765 0.0%
Expenditures by Category
Operations and Maintenance - - - - - 0.0%
Operating Transfer Out - - - - - 0.0%
Total Expenditures and Other Financing Uses - - - - - 0.0%
Excess of Revenues Over(Under)Expenditures - - - 310,765 310,765 0.0%
Fund Balance,Beginning of Year - - - - 0.0%
Fund Balance,End of Year - - 310,765 310,765 0.0%
Fund Description
This fund was established to account for the collection of fees to fund,or partially fund, alternative compliance projects in lieu of meeting certain
requirements of the National Pollutant Discharge Elimination System(NPDES)Permit onsite.
p City of Temecula
Poo - ---.C Fiscal Year 2019-20
/
`/ R Mid-Year Adjustments
FUND: 106 JEFFERSON STREET IN-LIEU FEES
2019-20 Year to Date 2019-20
2018-19 Current Actuals Revised Increase/ %Change From
Description Actuals Budget 12-31-19 Budget (Decrease) Current Budget
Revenues by Source
Operating Transfer In
Jefferson Street In Lieu Fees - - - 493,336 493,336 0.0%
Use of Money and Property
Investment Interest - - - - - 0 0%
Total Revenues and Other Sources - - 493,336 493,336 0.0%
Expenditures by Category
Operations and Maintenance - - - - - 0 0%
Operating Transfer Out - - - - - 0.0%
Total Expenditures and Other Financing Uses - - - - - 0.0%
Excess of Revenues Over(Under)Expenditures - - 493,336 493,336 0.0%
Fund Balance,Beginning of Year - - - 0.0%
Fund Balance,End of Year - - 493,336 493,336 0.0%
Fund Description
This fund was established in conjunction with the adoption of the Uptown Temecula Specific Plan New Streets In-Lieu Fee The Specific Plan requires
developers to dedicate right-of-way and construct new street improvements adjacent to or through their development sites. Developers within the
r Specific Plan who cannot contribute right-of-way and/or build new streets will be charged a new streets in-lieu fee.
F
t
Ail City of Temecula
C Fiscal Year 2019-20
Mid-Year Adjustments
FUND: 120 DEVELOPMENT IMPACT FEES FUND
2019-20 Year to Date 2019-20
2018-19 Current Actuals Revised Increase/ %Change From
Description Actuals Budget 12-31-19 Budget (Decrease) Current Budget
Revenues by Source
Taxes and Franchises
DIF Fees 2,213,323 5,912,609 1,398,521 3,374,876 (2,537,733) -42.9%
Jefferson Street In Lieu Fees 493,336 - - - -
Quimby Fees 840,917 211,412 509,364 509,364 297,952 140.9%
Use of Money and Property
Investment Interest 54,519 80,000 34,713 80,000 - 0.0%
Total Revenues and Other Sources 3,602,096 6,204,021 1,942,598 3,964,240 (2,239,781) -36.1%
Expenditures by Category
Operations and Maintenance - - - - - 0.0%
Operating Transfer Out - - - 493,336 493,336 0.0%
Operating Transfer Out-CIP 3,376,204 8,398,789 3,852,515 7,075,589 (1,323,200) -15 8%
Total Expenditures and Other Financing Uses 3,376,204 8,398,789 3,852,515 7,568,925 (829,8E4) -9.9%
Excess of Revenues Over(Under)Expenditures 225,892 (2,194,768) (1,909,917) (3,604,685) (1,409,917) 64.2%
Fund Balance,Beginning of Year 3,995,162 4,221,054 4,221,054 - 0.0%
I*` ' Adjustment to Fund Balance - - -
Fund Balance,End of Year 4,221,054 2,026,286 616,369 (1,409,917) -69.6%
Fund Description
This fund accounts for the development impact fees received as a result of development activity within the City The fees are primarily used to fund
Capital Improvement Projects designed to mitigate the impacts of development projects.
La City of Temecula
r
---�1� Fiscal Year 2019-20
C----(;,4 JR Mid-Year Adjustments
FUND: 125 PUBLIC,EDUCATION&GOVERNMENT(PEG)FEES
2019-20 Year to Date 2019-20
2018-19 Current Actuals Revised Increase/ %Change From
Description Actuals Budget 12-31-19 Budget (Decrease) Current Budget
Revenues by Source
Taxes and Franchises
PEG Fees 242,591 210,723 32,221 233,637 22,914 10.9%
Use of Money and Property
Investment Interest 7,041 4,000 3,246 4,000 - 0 0%
Total Revenues and Other Sources 249,632 214,723 35,468 237,637 22,914 10.7%
Expenditures by Category
Operations and Maintenance 239,994 374,699 79,273 374,699 - 0.0%
Total Expenditures and Other Financing Uses 239,994 374,699 79,273 374,699 - 0.0%
Excess of Revenues Over(Under)Expenditures 9,638 (159,976) (43,805) (137,062) 22,914 -14.3%
Fund Balance,Beginning of Year 357,357 366,995 366,995 - 0.0%
Fund Balance,End of Year 366,995 207,018 229,932 22,914 11.1%
f Fund Description
This fund was established to account for Public Education and Government(PEG)fees Fees received from local cable operators for the sole purpose of
supporting the access facilities and activities within the City
ix
City of Temecula
/�:Ij Fiscal Year 2019-20
(/ Mid-Year Adjustments
FUND:140 COMMUNITY DEVELOPMENT BLOCK GRANT(CDBG)FUND
2019-20 Year to Date 2019-20
2018-19 Current Actuals Revised Increase/ %Change From
Description Actuals Budget 12-31-19 Budget (Decrease) Current Budget
Revenues by Source
Intergovernmental Revenues
Community Development Block Grant 361,106 558,438 245,722 1,017,717 459,279 82.2%
Total Revenues and Other Sources 361,106 558,438 245,722 1,017,717 459,279 82.2%
Expenditures by Category
Personnel 109,385 111,685 49,442 111,685 - 0 0%
Operations and Maintenance 106,419 131,226 36,088 131,226 - 0 0%
Operating Transfers Out-CIP 145,302 828,702 - 774,805 (53,897) -6 5%
Total Expenditures and Other Financing Uses 361,106 1,071,614 85,530 1,017,717 (53,897) -5.0%
Excess of Revenues Over(Under)Expenditures - (513,176) 160,192 - 513,176 -100 0%
Fund Balance,Beginning of Year - - - - 0.0%
Fund Balance,End of Year - (513,176) - 513,176 -100 0%
7 Fund Description
This fund was established to account for grants received from the U.S.Department of Housing and Urban Development(HUD).The grants are used for
the redevelopment of a viable community by providing decent housing,a suitable living environment,and for expanding opportunities,principally for
persons of low and moderate income
k
City of Temecula
juj
13 Fiscal Year 2019-20
(((( J R Mid-Year Adjustments
FUND:145 TEMECULA ENERGY EFFICIENCY ASSET MANAGEMENT(TEEM)FUND
2019-20 Year to Date 2019-20
2018-19 Current Actuals Revised Increase/ %Change From
Description Actuals Budget 12-31-19 Budget (Decrease) Current Budget
Revenues by Source
Use of Money and Property
Investment Interest 3,976 2,500 1,920 2,500 - 0 0%
Total Revenues and Other Sources 3,976 2,500 1,920 2,500 - 0.0%
Expenditures by Category
Operations and Maintenance - - - - - 0.0%
Operating Transfers Out-CIP - - - - - 0 0%
Total Expenditures and Other Financing Uses - - - - 0.0%
Excess of Revenues Over(Under)Expenditures 3,976 2,500 1,920 2,500 - 0.0%
Fund Balance,Beginning of Year 190,274 194,250 194,250 - 0.0%
Fund Balance,End of Year 194,250 196,750 196,750 - 0.0%
Fund Description
'" This fund was established to capture energy efficiency rebates and reimbursements as well as expenditure savings resulting from energy efficiency
projects completed at various City facilities Revenue collected in this fund will be utilized on future energy efficiency projects
I_
4
City of Temecula
l-i�—_1Jjii_ Fiscal Year 2019-20
(/ R Mid-Year Adjustments
FUND: 150 AB 2766 MOTOR VEHICLE SUBVENTION FUND
2019-20 Year to Date 2019-20
2018-19 Current Actuals Revised Increase/ %Change From
Description Actuals Budget 12-31-19 Budget (Decrease) Current Budget
Revenues by Source
Intergovernmental Revenues
AB2766 Motor Vehicle Subvention Revenues 146,802 149,155 36,920 147,017 (2,138) -1.4%
Use of Money and Property
Investment Interest 3,145 300 2,121 300 - 0.0%
Total Revenues and Other Sources 149,947 149,455 39,040 147,317 (2,138) -1.43%
Expenditures by Category
Operations and Maintenance 10,000 10,000 10,000 10,000 - 0.0%
Operating Transfers Out-CIP 47,000 353,898 50,000 353,898 - 0.0%
Total Expenditures and Other Financing Uses 57,000 363,898 60,000 363,898 - 0 0%
Excess of Revenues Over(Under)Expenditures 92,947 (214,443) (20,960) (216,581) (2,138) 1.0%
Fund Balance,Beginning of Year 132,593 225,540 225,540 - 0.0%
Adjustment to Fund Balance
Fund Balance,End of Year 225,540 11,097 8,959 (2,138) -19.3%
Fund Description
This fund was established to account for State funds that are used to implement programs and projects that reduce air pollution from motor vehicles.
This fund is used for Capital projects and the City's share of WRCOG's Clean Cities Coalition.
L
Jul City of Temecula
C r_eor.;:eila-tico4
Fiscal Year 2019-20
Mid-Year Adjustments
FUND: 160 SUPPLEMENTAL LAW ENFORCEMENT SERVICES(SLESF)FUND
2019-20 Year to Date 2019-20
2018-19 Current Actuals Revised Increase/ %Change From
Description Actuals Budget 12-31-19 Budget (Decrease) Current Budget
Revenues by Source
Intergovernmental Revenues
SLESF Grant Revenue 254,820 195,000 129,572 172,507 (22,493) -11 5%
Use of Money and Property
Investment Interest 909 - 436 - - 0 0%
Total Revenues and Other Sources 255,730 195,000 130,008 172,507 (22,493) -11 5%
Expenditures by Category
Operating Transfers Out-General Fund 255,730 195,000 121,294 172,507 (22,493) -11.5%
Total Expenditures and Other Financing Uses 255,730 195,000 121,294 172,507 (22,493) -11.5%
Excess of Revenues Over(Under)Expenditures - - 8,715 - - 0.0%
Fund Balance,Beginning of Year - - - - 0.0%
Fund Balance,End of Year - - - - 0.0%
Fund Description
This fund was established to account for the Supplemental Law Enforcement Services grant monies from the State of California which are provided to
assist cities in delivering front line law enforcement services. These monies supplement existing services and may not be used to supplant any existing
funding for law enforcement services provided by the City.
l
City of Temecula
Iffi_Li Fiscal Year 2019-20
(( Mid-Year Adjustments
FUND:161 TEMECULA MAJOR CRIMES REWARD FUND
2019-20 Year to Date 2019-20
2018-19 Current Actuals Revised Increase/ %Change From
Description Actuals Budget 12-31-19 Budget (Decrease) Current Budget
Revenues by Source
Use of Money and Property
Investment Interest 544 300 262 300 - 0.0%
Total Revenues and Other Sources 544 300 262 300 - 0.0%
Expenditures by Category
Operations and Maintenance - - 0.0%
Total Expenditures and Other Financing Uses - - - - - 0.0%
Excess of Revenues Over(Under)Expenditures 544 300 262 300 - 0 0%
Fund Balance,Beginning of Year 26,012 26,555 26,555 - 0 0%
Fund Balance,End of Year 26,555 26,855 26,855 - 0.0%
Fund Description
F This fund was established to account for a reward for information that leads to the capture and conviction of the person(s)responsible for the murder
of Larry Robinson and Justin Triplett The General Fund contributed$25,000 and the public can also contribute to this fund The fund was established in
accordance with Resolution Nos 13-25 and 15-37 In April of 2018,Council adopted Resolution No. 18-24 for the continuation of the reward for an
additional three years to assist the Sherriff in the investigation since no person has been arrested for the Larry Robinson murder.
L
City of Temecula
C /-, Fiscal Year 2019-20
r / et Fiscal
Adjustments
Y 111
FUND:165 AFFORDABLE HOUSING FUND
2019-20 Year to Date 2019-20
2018-19 Current Actuals Revised Increase/ %Change From
Description Actuals Budget 12-31-19 Budget (Decrease) Current Budget
Revenues by Source
Use of Money and Property
Residual Receipt Distribution 15,869 - - - - 0.0%
Investment Interest 15,037 10,000 7,386 10,000 - 0.0%
Loan Interest (37,267) 556 - 556 - 0.0%
Misc Non Taxable - - 1,000 - - 0.0%
Reimbursements 1,500 - - - - 0 0%
Rental Income 202,000 93,496 (105,152) 93,496 - 0.0%
Forgivable Loan Repayment 12,317 - - - - 0.0%
Intergovernmental Revenues
Agency Trust Contributions 250,000 250,000 - 250,000 - 0.0%
Total Revenues and Other Sources 459,456 354,052 (96,766) 354,052 - 0.0%
Expenditures by Category
Personnel 253,673 271,553 134,335 290,684 19,131 7.0%
Operations and Maintenance 96,096 268,576 61,069 268,576 - 0 0%
Insurance 7,397 13,055 9,418 13,055 - 0 0%
Information Technology 14,157 15,457 7,776 15,457 0.0%
Support Services 155 371 38 371 0.0%
Facilities 9,265 9,537 4,200 9,537 0 0%
Total Expenditures and Other Financing Uses 380,743 578,549 216,836 597,680 19,131 3.3%
Excess of Revenues Over(Under)Expenditures 78,713 (224,497) (313,603) (243,628) (19,131) 8.5%
Fund Balance,Beginning of Year 10,819,638 10,898,351 10,898,351 - 0 0%
Fund Balance,End of Year 10,898,351 10,673,854 10,654,723 (19,131) -0 2%
Detail of Fund Balance
Nonspendable:
Land Held for Resale 4,400,388 4,400,388 4,400,388 - 0.0%
Notes and Loans 308,050 308,050 308,050 - 0.0%
Advances to Successor Agency 5,250,954 5,250,954 5,250,954 - 0.0%
Restricted For:
Community Development Projects 938,959 714,462 695,331 (19,131) -2.7%
10,898,351 10,673,854 - 10,654,723 (19,131) -0.2%
Fund Description
The Affordable Housing fund contains the assets as well as loan and rental income which have been transferred to the City of Temecula from the former
Redevelopment Agency.
City of Temecula
1Aij Fiscal Year 2019-20
(/ R Mid-Year Adjustments
FUND: 170 MEASURE A FUND
2019-20 Year to Date 2019-20
2018-19 Current Actuals Revised Increase/ %Change From
Description Actuals Budget 12-31-19 Budget (Decrease) Current Budget
Revenues by Source
Use of Money and Property
Investment Interest 68,825 40,000 49,377 40,000 - 0.0%
Reimbursements
Miscellaneous 6,545 - - - - 0 0%
Intergovernmental Revenues
Measure A Revenue 3,334,125 3,211,000 1,398,986 3,211,000 - 0.0%
Total Revenues and Other Sources 3,409,495 3,251,000 1,448,363 3,251,000 - 0 0%
Expenditures by Category
Operations and Maintenance 1,634,969 2,260,560 429,947 2,260,560 - 0.0%
Operating Transfers Out-CIP 1,000,000 5,733,235 - 5,701,509 (31,726) -0 6%
Total Expenditures and Other Financing Uses 2,634,969 7,993,795 429,947 7,962,069 (31,726) -0 4%
Excess of Revenues Over(Under)Expenditures 774,526 (4,742,795) 1,018,416 (4,711,069) 31,726 -0.7%
Fund Balance,Beginning of Year 4,243,589 5,018,115 5,018,115 - 0 0%
1► ' Fund Balance,End of Year 5,018,115 275,320 1,018,416 307,046 31,726 11 5%
Fund Descrip
tion
This fund was established to account for the City's allocation of the County of Riverside's additional one-half percent sales tax for transportation These
monies are restricted for use on local streets In 2002, Measure A was extended by Riverside County voters Measure A will continue to fund
transportation improvements through 2039
jil City of Temecula
C , Fiscal Year 2019-20
/ R Mid-Year Adjustments
Fund:198 PUBLIC ART
2019-20 Year to Date 2019-20
2018-19 Current Actuals Revised Increase/ %Change From
Description Actuals Budget 12-31-19 Budget (Decrease) Current Budget
Revenues by Source
Operating Transfers In
Public Art Revenues 24,232 157,928 16,503 157,928 - 0.0%
Use of Money and Property
Investment Interest 527 1,000 264 1,000 - 0.0%
Total Revenues and Other Sources 24,759 158,928 16,767 158,928 - 0.0%
Expenditures by Category
Operations and Maintenance 4,026 - - - - 0 0%
Operating Transfer Out 25,000 - - - - 0.0%
Total Expenditures and Other Financing Uses 29,026 - - - - 0.0%
Excess of Revenues Over(Under)Expenditures (4,266) 158,928 16,767 158,928 - 0 0%
Fund Balance,Beginning of Year 25,968 21,702 21,702 - 0.0%
Fund Balance,End of Year 21,702 180,630 16,767 180,630 - 0 0%
i
Fund Description
This fund was established pursuant to Temecula Municipal Code Section 5.08 040,whereby the fund serves a a depository for the fees paid in lieu of art
It
as well as monetary donations for public art. The Public Art In Lieu fee is one-tenth of one percent of an eligible development project in excess of
$100,000. Eligble uses of this fund include the design,acquisition,installation,improvement,maintenance and insurance of public artwork;offering of
performing arts programs on City property for the community,and art education programs on City property for the community.
t
City of Temecula
f Fiscal Year 2019-20
((( R Mid-Year Adjustments
FUND:395 2018 FINANCING LEASE(Civic Center)
2019-20 Year to Date 2019-20
2018-19 Current Actuals Revised Increase/ %Change From
Description Actuals Budget 12-31-19 Budget (Decrease) Current Budget
Revenues by Source
Operating Transfers In
General Fund 2,081,891 2,075,512 1,036,608 2,075,512 - 0.0%
Total Revenues and Other Sources 2,081,891 2,075,512 1,036,608 2,075,512 - 0.0%
Expenditures by Category
Debt Service Interest 642,891 582,512 297,608 582,512 - 0.0%
Debt Service Principal 1,439,000 1,493,000 739,000 1,493,000 - 0.0%
Total Expenditures and Other Financing Uses 2,081,891 2,075,512 1,036,608 2,075,512 - 0.0%
Excess of Revenues Over(Under)Expenditures - - - - - 0.0%
Fund Balance,Beginning of Year - - - - 0.0%
Fund Balance,End of Year - - - - - 0.0%
Fund Description
This fund was established to account for the payment of interest and principal of the refunding of the 2001 and 2008 Certificates of Participation(COPs).
The 2001 COPs were originally issued to finance the construction of the Community Recreation Center and the 2008 COPs were originally issued to
finance the construction of the Civic Center. In Fiscal Year 2018-19,the terms of the lease were refinanced,lowering the interest rate from 3 75%to
L 3 42%. The term of the lease expires September 1,2033.
L
• City of Temecula
C li Fiscal Year 2019-20
((/ R Mid-Year Adjustments
FUND:396 CAPITAL FINANCING(MRC)
2019-20 Year to Date 2019-20
2018-19 Current Actuals Revised Increase/ %Change From
Description Actuals Budget 12-31-19 Budget (Decrease) Current Budget
Revenues by Source
Operating Transfers In
General Fund 416,855 555,808 277,904 555,808 - 0 0%
Use of Money and Property
2018 Financing Lease MRC 95,000 - - - - 0.0%
Total Revenues and Other Sources 511,855 555,808 277,904 555,808 - 0.0%
Expenditures by Category
Cost of Issuance 95,000 - - - - 0.0%
Debt Service Interest 165,208 209,282 106,116 209,282 - 0.0%
Debt Service Principal 251,647 346,526 171,788 346,526 - 0 0%
Total Expenditures and Other Financing Uses 511,855 555,808 277,904 555,808 - 0 0%
Excess of Revenues Over(Under)Expenditures - - - - - 0 0%
Fund Balance,Beginning of Year - - - - 0.0%
Fund Balance,End of Year - - - - - 0.0%
4 Fund Description
This fund was established to account for the payments of interest and principal related to the financing of capital projects,including the acquistion of
the City's sreetlights from Southern California Edison As of Fiscal Year 2018-19,a total of$5,682,489 remains outstanding on the streetlight acquisition
loan and is expected to be fully paid by December 1,2033
i
E