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1990 CAFR1 a»ce -
peprman
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t CITY OF ROSEMEAD
~ California
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COMPREHENSIVE ANNUAL FINANCIAL REPORT
FISCAL YEAR ENDED JUNE 309 1990
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CITY OF ROSEMEAD, CALIFORNIA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Fiscal Year Ended June 30, 1990
TABLE OF CONTENTS
Page
Letter of Transmittal i - ix
List of Principal Officials x
Organization Chart xi
Certificate of Award for Outstanding Financial Reporting xii
Independent Auditors' Report
1 ;
General Purpose Financial Statements:
Combined Balance Sheet - All Governmental Fund Types
and Account Groups
2 and
3
- Combined Statement of Revenue, Expenditures and Changes
in Fund Balances - All Governmental Fund Types
4 and
5
Combined Statement of Revenue, Expenditures and Changes
in. Fund Balances - Budget and Actual - General,
Special Revenue, and Debt Service Fund Types
6 and
7
Combined Statement of Revenue, Expenditures and Changes
in Fund Balances - Pension Trust Fund
B
Combined Statement of Changes in Financial Position -
Pension Trust Fund
9
Notes to Financial Statements
10 -
19
General Fund:
Revenue Detail - Budget and Actual
20
and
21
Expenditure Detail - Budget and Actual
22
and
23
Special Revenue Funds:
Combining Balance Sheet
24
and
25
Combining Statement of Revenue, Expenditures and
Changes in Fund Balances
26
and
27
TABLE OF CONTENTS (continued)
Pane
General Governmental Expenditures by Function - Last Ten Fiscal Years
28
and
29
General Revenues by Source - Last Ten Fiscal Years
30
and
31
other Tax Revenues By Source - Last Ten Fiscal Years
32
and
33
Combining Statement of Revenues, Expenditures and Changes in Fund
Balance - Budget and Actual - All Special Revenue Fund Types
34 -
41
Assessed Valuations of Taxable Property
42
and
43
Special Assessment Levies and Collections - Last Ten Fiscal years
44
Computation of Legal Debt Margin
45
Ratio of Net Bonded Debt to Assessed Value Per Capita - Last Ten
Fiscal Years
46
and
47
Ratio of Annual Debt Service Expenditure for Total Bonded Debt
to Total General Expenditures - Last Ten Fiscal Years 48 and 49
Property Tax Rates - All overlapping Governments - Last Ten Fiscal Years 50
Computation of Direct and overlapping Bonded Debt 51
Demographic Statistics 52 and 53
Principal Taxpayers 54
Schedule of Insurance In Force 55
Construction Activity - Last Ten Fiscal Years 56
Miscellaneous Statistics 57
Vicinity Map 58
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MAYOR:
DENNIS McDONALD
MAYOR PRO TEM:
JAY T. IMPERIAL
COUNCILMEN:
ROBERT W. BRUESCH
'
GARY A. TAYLOR
I Dear Sirs:
Roseme ad
8838 E. VALLEY BOULEVARD • P.O. BOX 399
ROSEMEAD, CALIFORNIA 91770
TELEPHONE (818) 288-6671
TELECOPIER 8183079218
RE: COMPREHENSIVE ANNUAL FINANCIAL
REPORT FOR FISCAL YEAR ENDED
JUNE 30, 1990
The City of Rosemead's Comprehensive Annual Financial Report for
the fiscal year ended June 30, 1990 is presented herewith using the
guidelines recommended by the , Government Finance Officers
' Association of the United States and Canada. This organization
recommends that the report be published in an easily readable and
efficiently organized manner, prepared in accordance with generally
' accepted accounting principles in all material respects, audited.in
accordance with generally accepted auditing standards by an
independent accountant, and include certain general and statistical
information.
' In accordance with these recommendations, the June 30, 1990 report
is divided into four sections. The Introductory Section, followed
' by the Financial Section which includes the audited financial
statements and the unqualified opinion of the City's outside
independent auditors. Supplemental Information is next, providing
' further analysis of the Cities financial activities. Finally, the
Statistical Section presents historical financial data and various
statistical information about the City.
' The Comprehensive Annual Financial Report is prepared by the City's
Finance Department. The City is responsible for the accuracy of
the data presented and the completeness and fairness of the
' presentation, including all disclosures. We believe the data
presented herein is accurate in all material aspects; that it is
presented in a manner that fairly sets forth the financial position
and results of operations of the City as measured by the financial
activity of its various funds; and, that all disclosures necessary
to gain the maximum understanding of the City's financial affairs
are included. The financial statements are prepared in accordance
' with generally accepted accounting principles as required by the
Governmental Accounting Standards Board.
November 30, 1990
HONORABLE MAYOR
AND MEMBERS OF THE
ROSEMEAD CITY COUNCIL
Comprehensive Annual Financial Report
For Fiscal Year Ended June 30, 1990
November 30, 1990
THE REPORTING ENTITY AND ITS SERVICES:
The Rosemead Redevelopment Agency is included in this comprehensive
report along with the City in accordance with the National Council
on Governmental Accounting (NCGA) Statement 3, "Defining the
Governmental Reporting Entity" which defines oversight
responsibility. Oversight responsibility is determined by the
extent of financial interdependency, control over the selection of
the governing authority and management, ability to significantly
influence operations, and accountability for fiscal matters. The
City Council, acting as the Redevelopment Agency Board, oversees
the responsibility for the Agency through its selection of
management, influence of operations and accountability for fiscal
matters.
The Rosemead Redevelopment Agency finances street, park, and
utility improvements within the Rosemead Redevelopment Agency's
project area. The City of Rosemead provides a broad range of
services to its citizens including general government, public
safety, street construction and maintenance, sanitation, building
safety, park and recreational facilities, and cultural services.
Some of the functions often provided by municipal government are,
in the City of Rosemead, provided by special districts. These
districts, which usually encompass areas larger than the City
itself, include the Consolidated Fire Protection District of Los
Angeles County, the Los Angeles County Library District, and the
Los Angeles County Flood Control District. Other governmental
functions paid for by the City but performed by County departments
under contract with the City are police protection, street
maintenance, and animal control.
THE ACCOUNTING SYSTEM. INTERNAL CONTROL. BUDGETARY PROCESS AND
CONTROL:
The accounts of the City are organized on the basis of "funds" or
groups of accounts, each of which is considered to be a separate
accounting entity. A detail listing and description of the "funds"
and account groups are included in the Financial Section, Note 1,
pages 10 through 14 of this report.
The City's accounting records for all fund types (governmental,
special revenue, and fiduciary) use the modified accrual basis of
accounting. As such, the following procedures apply:
Revenue is recognized when it becomes both measurable and
available.
Taxes are considered to be measurable when collected by
an intermediary and are recognized as revenue at that
time.
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' N:ICA.7`i. 'mil`t -11rF${s~~x I
' - Comprehensive Annual Financial Report
For Fiscal Year Ended June 30, 1990
' November 30, 1990
' Expenditures are generally recognized when the related
liability is incurred. An exception to this general rule
exists for unmatured principal and interest on general
;J1:, long-term debt which is recognized as an expenditure when
due.
' Internal accounting controls are maintained by established
procedures of checks and balances. To the extent that cost
effective staffing will allow, various related transactions are
performed by different personnel. Accounting procedures continue
' to be monitored and.refined in order to maintain a strong system of
internal control.
' During the preliminary stages of the budget process,: the
departmental budget requests are submitted to the Finance
' Department for compilation, review of accuracy in expenditure
projections, and comparison .to available funds. Revenue
projections are compiled by the Finance Department based. upon
historical trends, information received from the League of
1 California Cities and the State Controller's Office- .and
consideration of current projects within the City. The revenue
projections are then reviewed by the City's independent audit; firm
' and'submitted to the City Manager's Office for final review.., The
City Manager's Office completes the expenditure review process and
presents a Preliminary Budget to the City Council.- for
' consideration, recommendations, and amendments at a City Council
Budget Study Session usually held in April/May of each year. The
Council recommendations and amendments are then implemented' and
included in the City's Annual Budget covering a fiscal period of
' July l through June 30.
In all budgeted funds, unexpended budgeted amounts lapse at the end
of the budget year. Budgetary control during the year is
maintained by the use of an encumbrance system whereby
' appropriations are encumbered when purchase orders, contracts, and
' other commitments are approved.
CASH MANAGEMENT:
' While the City pools cash and investment resources of its various j
-fiends in order to facilitate the efficient management of cash, the
' Redevelopment Agency's cash is maintained completely separate from 1
the=City. Although the City pools its cash and investments, the
cash applicable to a particular.fund is readily identifiable and
the balance in the pooled accounts is available to meet current
operating requirements. Current investments include Certificates
of. Deposit, Federal Agency Securities, state and municipal bonds,
corporate bonds, and the Local Agency Investment Fund which,.:ls an
' investment pool established by the State of California.
iii
Comprehensive Annual Financial Report
For Fiscal Year Ended June 30, 1990
November 30, 1990
DEBT ADMINISTRATION:
The City of Rosemead, as a general law city,
incurring general obligation bonded indebtedness
3.75% of the total assessed valuation of all
property within the City. The City of Rosemead
bonded indebtedness.
I
is restricted from
which would exceed '
real and personal
does not have any
The Rosemead Redevelopment Agency issued $14,930,000 of Tax
Allocation Notes in August 1987 to finance public improvements
within the redevelopment agency's project area. Additionally, the
Agency used proceeds from the 1987 issuance to defease the
$3,550,000 balance of its Tax Allocation Bonds Series 1983 by
placing that amount in an irrevocable trust with an escrow agent to
provide for all future debt service payments on the 1983 Notes.
Accordingly, the trust account assets and the liability for the
defeased bonds are not included in the financial statements.
The 1987 Tax Allocation Notes are payable by a pledge of property
tax increment revenues from the Rosemead Redevelopment Agency's
project area. At June 30, 1990 the outstanding notes totaled
$11,995;000 with the interest payments payable semi-annually on
September 1 and March 1, and principal payments due annually on
September 1 through"1995.
SIGNIFICANT ACTIVITIES AND EVENTS:
The Freeway Nissan dealership completed its move from Mission Drive
to Montebello Boulevard at the Pomona (#60) Freeway and was in full
operation at its new location in January 1990. The City of
Rosemead assisted the Freeway Nissan owners and Nissan Corporation
in their approximately $1.6 million relocation by utilizing
$250,000 of Community Development Block Grant funds. The
relocation not only kept a valued business in the community but is
also expected to considerably improve unit sales which will add to
the sales tax revenues received by the City. Freeway Nissan has
also added sixty-five positions to its.previous thirty-five full
time staff as a direct result of this project. It should also be
noted that the City of Rosemead's Freeway Nissan Project is being
considered by the Community Development Commission for its
Outstanding Project Achievement Award of 1990.
The Rosemead Sheraton Hotel, located on Montebello Boulevard at the.
Pomona Freeway, after several construction delays was finally
completed in the latter half of the 1989-90 fiscal year. It is
anticipated that this prestigious 150 room hotel with its excellent
location will enhance the City's transient occupancy tax revenues.
The Rosemead Rebels held their opening football game of the 1989-90
season at the recently dedicated Jess Gonzales Sports Complex
located adjacent to Fern School. This six acre fully lighted
sports facility was constructed with approximately one million
dollars of Rosemead Redevelopment Agency funds. The sports complex
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' Comprehensive Annual Financial Report
For Fiscal Year Ended June 30, 1990
' November 30, 1990
has the capacity to host football, soccer or baseball games with
parking facilities for seventy vehicles, rest rooms, bleacher
seating for four hundred and is the home of the Rosemead Rebels (a
youth football organization).
' During fiscal year 1989-90, the city completed its "FETSIM", Fuel
Efficient Traffic Signal Management program which maximizes the
efficiency of existing traffic signal hardware to provide better
traffic progression along major corridors within the city. The
traffic signal coordination has reduced vehicle stops and delays,
decreased fuel consumption and helped to improve air quality.
PROSPECTS FOR THE FUTURE:
' After considerable discussion by Council and input from the public,.
' the Garvey Avenue Improvement Project was approved., The project
will include raised landscaped median configuration and parkways
that will encompass approximately two miles of Garvey Avenue, from
City limit to city limit. The landscape concepts for both the
' medians and the parkways are scheduled to have construction begin
during fiscal year 1989-90 with a projected completion date of June
1991. The improvements are estimated to cost approximately eight
' million dollars over the two fiscal years and include complete
reconstruction of Garvey Avenue to upgrade the street, minimize
deterioration', improve vehicular riding characteristics and safety,
' provide the aforementioned landscaping and medians, minimize
maintenance and improve aesthetics. The Rosemead Redevelopment
Agency is funding this project.
' The citizens of Rosemead will soon be enjoying a new Holiday Health
Spa. As one of the conditions of approval of this project the City
has required that the developer construct a much needed parking
' structure to alleviate parking congestion within the Rosemead
Square Shopping Center.
' The Rosemead Redevelopment Agency will expend approximately Five
Hundred Thousand Dollars to construct a replacement snack bar and
rest rooms at Garvey Park. The new fully equipped snack bar will
be operated by two different youth organizations, the Rosemead
' Little Miss Softball and the Rosemead American Little League. The
proceeds will be used to enhance the youth sports programs.
The City will expend approximately One point Five Million Dollars
in FAU Funds for street improvements along Encinita Avenue, Lower
Azusa Road and Walnut Grove during 1990-91. The storm drains will
be extended to eliminate flooding problems, and traffic signal
modifications along with curb modifications will improve the
traffic flow and turning movements.
' v
Comprehensive Annual Financial Report
For Fiscal Year Ended June 30, 1990
November 30, 1990
Article XIIIB of the California
Constitution (Gann Limit)
specifies that appropriations made
by state and local governments may
increase annually by a factor
comprised of the change in
population.and the.change in the
U. S. - Consumer Price Index or
California -per capita income,
whichever is less. This
limitation applies only to
appropriations subject to
limitation under Article XIIIB.
We are pleased to inform you that
the City is in the enviable
position of being well within the
appropriation limit, having
reached approximately 57% of said
limit at June 30, 1990. The
City's 1990-91 estimated revenues and budgeted expenditures
indicate that by June 30, 1991 the City will be at approximately
58% of the limit.
The-City of Rosemead remains in a strong financial position at June
30, 1990 with a General Fund balance of approximately $9.7 million.
The reduction to the General Fund balance from the prior year's
approximately $10.7 million balance was anticipated due to the
rubbish subsidy program whereby the city provides funds to
subsidize the cost of rubbish collection services for the residents
of Rosemead. The current rubbish service contract, along with this
subsidy, expires June 30, 1991.
GENERAL FIXED ASSETS:
At June 30, 1990 the balance of general fixed assets totaled
$7,588,261. It should be noted that general fixed assets that were
purchased or constructed are stated at cost. Assets acquired by
gift or bequest are recorded at their fair.market value at the date
of transfer. No depreciation or appreciation is recorded on
general fixed assets.
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' Comprehensive Annual Financial Report
For Fiscal Year Ended June 30, 1990
' November 30, 1990
t FINANCIAL OVERVIEW OF GENERAL GOVERNMENTAL FUNCTIONS:
The 1989-90 fiscal year revenues for general governmental fund
' types totaled $15,331,510. Listed below is a recap of these
revenues by major source including the percentage each source
represents of total revenues, and the increase/decrease over the
' prior year.
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' The decrease in property tax increment received in 1989-90 over
1988-89 is due to the litigation settlement received by the
Rosemead Redevelopment Agency that resulted in a lump sum payment
' in 1988-89. The decrease in intergovernmental revenue received is
primarily due to decreased activity with the City's Community
Development Block Grant projects.
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Comprehensive Annual Financial Report
For Fiscal Year Ended June 30, 1990
November 30, 1990
I
The 1989-90 Fiscal year expenditures total $20,942,080. Listed '
below is a recap of these expenditures by major function including
the percentage each represents to the total, also the dollar amount
of increase or decrease over the prior fiscal year. '
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The most significant changes in expenditures for 1989-90 over 1988- '
89, as shown above, are largely items funded by the Rosemead
Redevelopment Agency. The increase in the Public works category
contains approximately One Million Dollar for the Jess Gonzales ,
Sports Complex. The decrease in Capital outlay reflects a Seven
Hundred Thousand fire station that was constructed during fiscal
year 1988-89
1
OTHER INFORMATION:
The City of Rosemead was pleased to receive an "Outstanding Award '
For Financial Reporting" from the California Society of Municipal
Finance Officers for the City's Comprehensive Annual Financial '
Report, Fiscal Year Ended June 30, 1989. This award is bestowed
annually to governmental units who publish an easily readable,
efficiently organized, comprehensive annual financial report which
conforms to program standards and satisfies both generally accepted '
accounting principles and applicable legal requirements.
Viii
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Comprehensive Annual Financial Report
1
For Fiscal Year Ended June 30, 1990
November 30, 1990
1
This.award is valid for one year only
and, as such,
requires the
t
resubmission of the current report each
year for revi
o
ew in order
achieve- this prestigious status.
The City of
Rosemead is
submitting its Comprehensive Annual Fin
ancial Report
for the Fiscal
1
Year Ended June 30, 1990 for review.
1 The preparation of this report on a timely basis could not have
been accomplished without the efficient and dedicated effort of the
City's Finance Department. We also appreciate and would like to
1 commend all other City departments who assisted and contributed
material.
1 Respectfully submitted,
'FRANK G. TRIPEPI
1 city manager
1 G / 0-00cr
1 SHAWNA G. WHALLON
Finance Director
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CITY OF ROSEMEAD, CALIFORNIA
• CITY OFFICIALS
• ELECTED OFFICIALS:
• City Council:
Dennis McDonald Mayor
Jay T. Imperial . . . . . Mayor Pro Tern
Clary A. Taylor . . . . . Councilman
Robert W. Bruesch . . . Councilman
• APPOINTED OFFICIALS:
• Planning Commissioners:
Marvin H. Lowrey
Howard Mattern
Robert Young . . .
Margaret Clark . . .
Merced 'Bill' Ortiz
• Traffic Commissioners:
Chairman
Vice Chairman
Commissioner
Commissioner
Commissioner
Holy Knapp . . . .
. Chairman
Frank E. Larson . .
. . Vice Chairman
Al Pinon . . . . .
. . Commissioner
Dan Tirre . . . . .
. . Commissioner
Eldon Beezley . . .
. . Commissioner
• Frank G. Tripepl
City Manager
• Hubert E. Foutz . . . .
. . City Treasurer
• Robert L. Kress . . . .
. . City Attorney
• Janice Warner . .
. . City Clerk
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CALIFORNIA SOCIETY OF MUNICIPAL FINANCE OFFICERS
DEDICATED TO THE PROFESSIONAL ADVANCEMENT OF MUNICIPAL FINANCE ADMINISTRATION
Catilkater 01.4ward
FOR
OUTSTANDING FINANCIAL REPORTING
PRESENTED TO THE
~itu of Zsemmd
This certificate is issued in recognition of meeting professional standards and criteria in reporting
which reflect a high level of quality in the annual financial statements and in the underlying accounting
system from which the reports were prepared for the fiscal year 198E"1989
Chair, P,01 ss Ma O.s~LC~omL,mi✓tt^e/~a/r~//AL/
L "P.nl
Lr-
~bri23.1990
4 eta
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McGLADREY & PULLEN
' Certified Public Accountants and Consultants .
I INDEPENDENT AUDITORS' REPORT
' To the Honorable Mayor and Members
of the City Council
City of Rosemead.
' Rosemead, California
We have audited the accompanying general purpose financial statements of the City
of Rosemead, California, as of and for the year ended June 30, 1990, as listed
in the table of contents. These general purpose financial statements are the
responsibility of the City's management. Our responsibility is'to express an
' opinion on these general purpose financial statements based on our audit.
We conducted our audit in accordance with generally accepted auditing standards.
Those standards require that we plan and perform the audit to obtain reasonable
' assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis,.evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as.well as evaluating the overall financial statement presentation.
We believe that our audit provides a reasonable basis for our opinion.
' In our opinion, the general purpose financial statements referred to above
present fairly, in all material respects, the financial position of the City of
Rosemead, California, as of June 30, 1990, and the results of its operations and
' the changes in financial position of its pension trust fund for the year then
ended in conformity with generally accepted accounting principles.
Our audit was made for the purpose of forming an opinion on the general purpose
financial statements taken as a whole. The combining and individual fund
financial statements, listed in the table of contents as supplementary
information, are presented for purposes of additional analysis and are not a
required part of the general purpose financial statements of the City of
Rosemead, California. Such information has been subjected to the auditing
procedures applied in the audit of the general purpose financial statements and,
' in our opinion, is fairly presented in all material respects in relation to the
general purpose financial statements taken as a whole.
' Pasadena, California
October 10, 1990
' 1
CITY OF ROSEMEAD, CALIFORNIA
COMBINED BALANCE SHEET
ALL FUND TYPES AND ACCOUNT GROUPS
June 30. 1990
Governmental Fund TYDes
ASSETS
Cash and cash investments $
Cash and investments with fiscal agent
Other investments
Annuity contracts
Receivables
Due from other funds
Property and equipment
Amount available in debt service 'fund
Amount to be provided for retirement
of general long-term debt _
Special
Capital
General
Revenue
Projects
3,492,546
$ 1,287,220
$ 3,803,232
4,898,178
8,366,402
976,397
302,206
1,072,143
355,868
-
-
Total assets
S 9.722.989
$ 1,589,426
$13,241,777
LIABILITIES AND MUNICIPAL EQUITY
LIABILITIES
Accounts payable and accrued liabilities
$ 980,489
$ 230,178
$ 448,958
Due to other funds
-
186,972
168,896
.Deferred revenue
150,000
174,867
-
Refundable deposits
-
-
-
Deferred compensation
-
-
-
Equipment purchase contracts
-
-
-
Tax allocation notes
-
-
-
Accrued vacation pay and
compensatory time
10.158
-
-
$ 1.140.647
$ 592.017
$ 617,854
MUNICIPAL EQUITY
Investment in general fixed assets
$ -
$ -
$ -
Fund balance:
Reserved:
Long-term receivable
626,486
Debt service
-
Unreserved:
Designated for pension obligations
-
-
-
Designated for capital projects
-
-
12,623,923
nated
Undesi
7,955.856
997.409
g
Total municipal equity
$ 8,582,342
$ 997,409
$12.623,923
Total liabilities and
municipal equity
S 9.722,989
$ 1.589.426
$13,241,777
See Notes to Financial Statements.
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Governmental
Fiduciary
Total
Fund Types
Fund Types
Account
Groups
(Memorandum Only)
'
Trust
General
General
Debt
and
Fixed
Long-Term
Service
Agency
Assets -
Debt
1990
1989
t
$
$ 68,660
$
$ -
$ 8,651,658
$12,320,139
2,973,099
-
-
2,973,099
2,842,587
_
13,264,580
15,707,537
'
620,335
620,335
520,244
106,027
39,095
-
2,495,868
2,620,454
_
_
-
355,868
498,081
7,588,261
-
7,588,261
5,828,735
=
3,079,126
3,079,126
2,948,614
'
-
-
8.983.303
8.983.303
10.616.084.
3.0
728.090
S 7.588,261
S12.2 62.429
$48,012.098
153.902.475
$
$ 4,970
$
$
$ 1,664,595
$ 2,004,827
'
_
355;868
498,081
_
-
324,867
194,001
78,209
=
-
78,209
315,752
24,576
24,576
74,527
_
_
-
1,732
11,995,000
11,995,000
13,510,000
67.429
77.587
61.206
$
$ 107,755
$
$12,062.429
$14.520.7.02
$16.660.126
$
$ 7,588,261
$ -
$ 7,588,261
$ 5,828,735
'
_
-
626,486
469,111
3,079,126
3,079,126
2,948,614
-
620,335
-
620,335
520,244
12,623,923
17,623,433
8,953.265
9.852.212
'
$ 3.079.126.
$ 620.335
$ 7.588.261
$ -
$33.491.396
$37.242.349
'
$ 3,079,126
$ 728.090
S 7.588,261
$12.062,429
$48.012.098
$53.902.475
'
3
CITY OF ROSEMEAD, CALIFORNIA
COMBINED STATEMENT OF REVENUE, EXPENDITURES
AND CHANGES IN FUND BALANCES
ALL GOVERNMENTAL FUND TYPES
Year Ended June 30. 1990
REVENUE
Property tax increment and
special assessments
Other taxes
Licenses and permits
Intergovernmental
Charges for services
Fines, forfeitures and penalties
Use of money and property
Loan repayments
Other
EXPENDITURES
Current:
General government
Public safety
Public works
Public health
Public recreation
Community service
Intergovernmental
Capital outlay
Debt service:
Principal
Interest
Governmental Fund Tvoes
Special
Capital
General
Revenue
Projects
$ -
$ 303,374
$ 3,204,232
4,176,257
-
-
533,050
-
2,108,603
1,603,100
284,851
-
319,756
204,245
-
813,647
83,050
1,223,582
82.085
95.842
$ 8.318.249
$ 2.193.769
$ 4.523.656
$ 1,398,452
$ 11,512 $ 302,138
3,417,893
391,738 -
420,856
1,359,476 6,755,996
856,298
- -
1,762,25.4
12,940
1,226,626
270,323
107,805
15,638
1,728
-
51
$ 9.191.963
$ 2.061.627 $ 7.058.134
Revenue over (under)
expenditures
OTHER FINANCING SOURCES (USES)
Operating transfers:
From other funds
(To) other funds
Revenue and other
financing sources over
(under) expenditures
and other financing uses
FUND BALANCE, BEGINNING
FUND BALANCE, ENDING
See Notes to Financial Statements.
$ (873.714) $ 132,142 $(2.534.478)
$ - $ 75,307 $
(75.307) (2.465.032)
$ (75.307) $ 75.307 $(2.465.032)
$ (949,021) $ 207,449 $(4,999,510)
9.531.363 789.960 17.623.433
LL. 2342 S 997.409 $12.623.923
4
1
'
Governmental
Fiduciary
Totals
Fund Types
Fund Type
(Memorandum Only)
'
Debt
Expendable
Service
Trust
1990
1989
$
$
$ 3,507,606
$4,195,444
'
4,176,257
3,591,798
533,050
496,966
13,596
3,725,299
4,518,697
'
284,851
338,686
524,001
477,896
268,778
2,389,057
2,788,346
-
-
7,459
13.462
191.389
90.009
$ 282.240
$ 13,596
$15.331.510
$16.505.301
'
$ -
$
$ 1;712,102
$ 1,611,328
3,809,631
3,651,535
8,536,328
7,624,877
856,298
605,353
-
1,775,194
1,529,628
13,596
1,510,545
1,528,378
'
7,459
123,443
840,338
'
1,515,000
1,516,728
1,422,423
1.101.760
1.101.811
1.218.384
$ 2,616,760
$ 13,596
$20.942:080
$20.039.703
$(2.334.520)
$ -
$(5.610.570)
$(3.534.402)
$ 2,465,032
$
$ 2,540,339
$ 2,503,899
t
(2.540.339)
(2.503.899)
$ 2,465.032
$
$ -
$
$ 130,512
$
$(5,610,570)
$(3,534,402)
t
2.948.614
30.893.370
34.427.772
$ 3.079.126
S
$25.282,800
$30.893.370
'
5
CITY OF ROSEMEAD. CALIFORNIA
COMBINED STATEMENT OF REVENUE, EXPENDITURES AND
CHANGES IN FUND BALANCES - BUDGET AND ACTUAL -
GENERAL, SPECIAL REVENUE AND DEBT SERVICE FUND TYPES
Year Ended June 30. 1990
REVENUE
Property taxes and
special assessments
Other taxes
Licenses and permits
Intergovernmental
Charges for services
Fines, forfeitures and penalties
Use of money and property
Other
EXPENDITURES
Current:
General government
Public safety
Public works
Public health
Public recreation
Community service
Capital outlay
Debt service:
Principal
Interest
Revenue over (under)
expenditures
OTHER FINANCING SOURCES (USES)
Operating transfers from (to)
other funds
Revenues and other
financing sources over
(under) expenditures
FUND BALANCE, BEGINNING
FUND BALANCE, ENDING
See Notes to Financial Statements.
General Fund
Over
(Under)
Bud eg t Actual Budget
3,773,000
4,176,257
403,257
587,500
533,050
(54,450)
2,808,770
2,108,603
(700,167)
360,800
284,851
(75,949)
260,000
319,756
59,756
761,600
813,647
52,047
32.860
82.085
49.225
$ 8.584.530
$ 8,318.249
$ (266.281)
$ 1,452,159
$ 1,398,452
$ (53,707)
3,455,460
3,417,893
(37,567)
1,613,940
420,856
(1,193,084)
819,880
856,298
36,418
1,718,450
1,762,254
43,804
977,070
1,226,626
249,556
131,700
107,805
(23,895)
1,800 1,728 (72)
51 51
$10.170.459 $ 9.191.963 $ (978.496)
$(1.585.929) $ (873.714) S 712.215
$ $ (75.307) $ (75.307)
$(1.585.929) $ (949,021) S 636.908
9.531.363
$ 8.582.342
6
I
1
I
I
1
u
1
1
1
1
1
'
Sp
ecial Revenue
Debt Service
Over
Over
(Under)
(Under)
'
Budget -
Actual
Budget
Budeet
Actual
Budeet
$ 295,000
$ 303,374
$ 8,374
$
$
$
'
1,938,053
1,603,100
(334,953)
170,000
204,245
34,245
'
55,600
83,050
27,450
210,000
268,778
58,778
13.462
13.462
'
$ 2.458.653
$ 2,193,769
$ .(264,884)
S 210.000
$ 282.240
$ 72.240
'
$ 14,000
$ 11,512
$ (2,488)
$ -
$ _
$ _
465,000
391,738
(73,262)
1,354,270
1,359,476
5,206
-
'
21,990
12,940
(9,'050)
556,790
270,323
(286,467)
'
187,273
15,638
(171,635)
-
-
-
1,515,000
1,515,000
1.101.760
1.101.760
'
$ 2.599.323
$ 2.061.627
$ (537.696)
$ 2.616.760
$ 2.616.760
$ -
S (140.670).
$ 132.142
$ 272.812
$(2.406.760)
$(2.334.520)
$ 72.240
$
$ 75.307
$ 75.307
$ 2.616.760
$ 2,465.032
$ (151.728)
'
'
S (140.670)
$ 207,449
$ 348.119
S 210.000
$ 130,512
S (79.488)
789.960
2.948.614
S 997.409
S 3,079.126
7
CITY OF ROSEMEAD, CALIFORNIA
STATEMENT OF REVENUE, EXPENSES AND
CHANGES IN FUND BALANCE
PENSION TRUST FUND
Year Ended June 30. 1990
Operating revenue:
Contributions $ 84,505
Interest and other investment income 49.544
$ 134.049
Operating expenses:
Administrative fees $ 3,720
Pension benefits 30.238
$ 33.958
Net income $ 100,091
FUND BALANCE, BEGINNING 520.244
FUND BALANCE, ENDING S 620,335
See Notes to Financial Statements.
8
1
1.
1
1
1
1
1
1
1
1
1
i
1
1
1
1
1
1
CITY OF ROSEMEAD. CALIFORNIA
STATEMENT OF CHANGES IN FINANCIAL POSITION
PENSION TRUST- FUND
Year Ended June 30, 1990
FINANCIAL RESOURCES PROVIDED BY
OPERATIONS, net income $ 100.091
SUMMARY OF NET CHANGES IN CASH
AND INVESTMENTS, increase in '
1100 091
annuity contracts $ ,
See Notes. to Financial Statements.
Q
I
Note 1
CITY OF ROSEMEAD. CALIFORNIA
2:OTES TO FINANCIAL STATEMENTS
Reporting Entity, Nature of Operations. Description of Funds and
Accounts Groups and Significant Accounting Policies _
Reporting Entity
The criteria of oversight responsibility, special financing
relationships and scope of public service was used in determining the
agencies or entities which comprise the City for financial reporting
purposes. Oversight responsibility is determined by the extent of
financial interdependency, control over the selection of the governing
authority and management, ability to significantly influence
operations, and accountability for fiscal matters. Based on these
criteria, the Rosemead Redevelopment Agency (the Agency) is included
in the combined financial statements of the City.
Nature of Operations
Citv of Rosemead
The City of Rosemead (the City) provides a broad range of services to
its citizens, including general government, public safety, streets,
sanitation and health, cultural and park facilities and social
services.
Many of the functions often provided by municipal government are, in
the City of Rosemead, provided by special districts. Examples of some
of these special districts, which usually encompass areas larger than
the City itself, are the Fire Protection District, the Library District
and the County Flood Control District. Certain other governmental
functions are paid for by the City but performed by Los Angeles County
departments under contract. Some of the contracts now in effect are
for police, street maintenance and animal.control.
Rosemead Redevelopment Agency
The Rosemead Redevelopment Agency (the Agency) finances street, park
and utility improvements within the Rosemead Project Area No. 1.
Description of Funds and Account Groups
The accounts of the reporting entity are organized on the basis of
funds or groups of accounts, each of which is considered to be a
separate accounting entity. The operations of each fund are accounted
for by providing a separate set of self-balancing accounts which
comprise its assets, liabilities, equity, revenue and expenditures.
The various funds and account groups are presented as follows:
1
1
1
I
10
1
Note 1
1
1
1
1
1
`TOTES TO FINANCIAL STATEMENTS
Reporting Entity, Nature of Operations, Description of Funds and
, Accounts. Groups and Significant Accounting Policies, Continued
Governmental Fund Types
The General Fund accounts for all financial resources except those
required to be accounted for in another fund. These resources are
devoted to financing the general services that the City performs for
its citizens.
Special Revenue Funds account for the proceeds of specific revenue
sources (other than special assessments, expendable trusts and major
capital projects) that are legally restricted to expenditures for
specified purposes. The Special Revenue Funds and their purposes are
as follows:
The Traffic Safetv Fund accounts for the receipt of vehicle code
fines which are expended for traffic safety enforcement.
The State Gas Tax Fund accounts for funds collected from the State
of California which are used for street construction, street
maintenance, engineering and administrative costs.
The Aid to Cities Fund accounts for funds received from the County
of Los Angeles for street construction and maintenance projects.
The Local Transportation Fund accounts for state grants used to
finance the construction of bikeways and sidewalks.
The Public Transportation Fund accounts for the City's share of
additional sales tax collected in the County of Los Angeles as a
result of Proposition' A. The funds are used to finance public
transportation projects.
The Communitv Development Block Grant Fund accounts for Community
Development Block Grants received from the United States Department
of Housing and Urban Development.
The 1976 Community Parklands Grant Fund accounts for funds to be
used for park projects.
The Street Liehtine Fund accounts for the operation of street lights
within the City. ,
The Narcotic Seizure Fund accounts for the funds received from the
County of Los Angeles from the confiscation of cash and other
valuables seized during drug related police raids. The funds are
used to further enhance the City's drug related crimes prevention
and detection programs.,
The R. Z'Berg/Harris Grant Fund accounts for a state grant for
preapproved park projects.
11
NOTES TO FINANCIAL STATEMENTS
:dote L. Reporting Entity, Nature of Operations. Description of Funds and
Account Groups and Significant Accounting Policies, Continued
Capital Proiects Fund (Redevelopment Fund) account for financial
resources to be used for the acquisition or construction of major
capital facilities within the Agency.
The Debt Service Fund accounts for the accumulation of resources for
the payment of general long-term debt principal, interest and related
costs:
Fiduciary Fund Tvpes
The Pension Trust Fund accounts for the activity of the retirement
plan for employees of the City.
The Expendable Trust Fund accounts for the repair, replacement or
restoration of disaster damaged publicly owned and certain nonpublicly
owned facilities.
The Agency Fund accounts for the assets held in a trustee capacity or
as an agent. The cash being held primarily represents amounts placed
on deposit for refundable permits and performance bonds.
Account Groups
The General Fixed Assets Account Group accounts for all property and
equipment except for public domain fixed assets (e.g., streets,
bridges, sidewalks, curbs, gutters and storm drainage systems).
The General Long-Term Debt Account Group accounts for the outstanding
principal balances of all long-term debt expected to be financed from
governmental fund types.
Significant Accounting Policies
Basis of Accounting
Governmental fund types are accounted for using the modified accrual
basis of accounting. Revenue is recognized when it becomes both
measurable and available. Taxes are considered to be measurable
when collected by an intermediary and are recognized as revenue at
that time. Expenditures are generally recognized when the related
liability is incurred. An exception to this general rule exists for
unmatured principal and interest on general long-term debt which is
recognized as an expenditure when due.
The pension trust fund is accounted for using the accrual basis of
accounting. Revenue is recognized when it becomes measurable and
expenses are recognized when the liability is incurred.
12
LJ
1
1
1
1
l.l'
C
1
1
' :TOTES TC FINANCIAL STATEMENTS
;iote 1. Reporting Entity, iature of Operations. Description of Funds and
' Account Groups and Significant Accounting Policies. Continued
Cash and investments
' The City pools cash and investment resources of its various funds in
order to facilitate the management of cash. Cash applicable to a
particular fund is readily identifiable.. The balance in the pooled
cash accounts is available to meet current operating requirements.
All investments are stated at cost or amortized cost. No loss is
'recognized when market values decline below costs since it is generally
' the policy of the City to hold such investments until they mature.
Investment earnings are allocated based on the source of funds.
Receivables
' All receivables are reported at their gross value and, where
appropriate, are reduced by the estimated portion that is expected to
' be uncollectible.
Property and equipment
' All property and equipment of the City are accounted for in the general
fixed assets account group. Public domain (infrastructure) general
fixed assets consisting of certain improvements other than buildings,
' such as roads, sidewalks and bridges, are not capitalized' Property
and equipment acquired or constructed -for general governmental
operations are recorded as expenditures in the fund making the
' expenditure and capitalized in the general fixed assets account group.
All general fixed assets which were purchased or constructed are stated
at cost. Assets acquired by gift or bequest are recorded at their fair
market value at the date of transfer. No depreciation is recorded on
general fixed assets.
' Fund balances
The reserved portion of the fund balances represents that amount which
has been legally identified for the specific purpose or it represents
that amount which is not available to liquidate current liabilities.
The unreserved portion represents the amount available for budgeting
future operations.
Vacation pay and compensatorv time
City employees accumulate vacation hours which may be paid upon
' termination, death or retirement. Employees can accumulate up to three
weeks of accrued vacation per year depending on the length of
employment. Employees can accumulate up to 160 hours of sick leave.
Any hours in excess of 160 are considered to be vested and are paid
to the employee based on a vesting schedule. In addition, employees
can accrue up to 240 hours of compensatory time. Any hours in excess
' of 240 are paid to the employee
' 13
Note 1
Note 2
Note 3
1
NOTES TO FINANCIAL STATEMENTS
Reporting Entity, Nature of Operations, Description of Funds and
Account Groups and Significant Accounting Policies, Continued
,
Memorandum totals
Total columns on the combined financial statements are captioned
,
"Memorandum Only" to indicate that they are presented only to
facilitate financial analysis. Data in these columns do not present
financial position or results of operations in conformity with
'
generally accepted accounting principles. Interfund transactions have
not been eliminated in arriving at these amounts.
Budget Matters
Budgets presented in this report for comparison to actual amounts are
'
presented in accordance with generally accepted accounting principles.
Reported budget amounts represent the original adopted budget as
amended.
'
In all budgeted funds, unexpended budgeted amounts lapse at the end
of the budget year. Spending control for most funds is established
by the amount of expenditures budgeted for the fund, but management
'
control is.exercised at budgetary line item levels.
'
Cash and Investments
The components of cash and cash investments at June 30, 1990 are as '
follows:
Cash in bank $ 678,403
Time certificates of deposit 7.973.255
S 8.651,658 '
The City and the Agency maintain cash and investment pools that are
available for use by all funds. Each fund's or fund type's share of
the pool balance is reported in the financial statements as "cash and ,
cash investments." Earnings from the pooled investments are allocated
monthly to each participating fund based on a formula that takes into
consideration each fund's average investment in the pool. '
At year-end, the carrying amount of the City and the Agency's deposits
was $8,651,658 and the bank balance was $8,653,417.
All deposits at year-end were entirely covered by federal depository
insurance or by collateral held by the City's agent in the City's name.
i
14 1
Note 3
1
1
1
NOTES TO FINANCIAL STATEMENTS
Cash and Investments, Continued
State statutes authorize the City and the Agency to invest any available
funds in securities issued or guaranteed by the United States Treasury or
agencies of the United States, bank certificates of deposit, bankers
acceptances, negotiable certificates of deposit, the State Treasurer's
Investment Pool, repurchase agreements, commercial paper and bonds,
registered warrants or treasury notes of the State of California and its
local agencies.
Other investments are categorized in the following schedule to give an
indication of the level of risk assumed by the entity at year-end.
Investment
Type
U.S. govern-
ment and
government
agency
securities
State and
municipal
bonds
Corporate
bonds
Investment
in mutual
fund
Investment
in State
Treasurer's
Investment
Pool
Total other
Category Carrying Market
1 2 3 Amount Value
$1,402,514 $
243.284
$ $ 1,402,514 $ 1,386,026
243,284 245,600
6.528.777
6.528.777
6.389.389
$1.645.798
$6.528.777 $
$
8,174,575
$
8,021,015
450,005 411,392
4.640.000 4.640.000
investments $13.264,580 S13 072.407
The three preceding risk description categories are defined as follows:
Category
1 Investments that are insured, registered or for which the securities
are held by the City or its agent in the City's name.
2 Uninsured and unregistered investments for which the securities are
held by the broker's or dealer's trust department or agent in the
City's name.
3 Uninsured and unregistered investments for which the securities are
held by the broker or dealer, or by its trust department or agent
but not in the City's name.
15
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16
' NOTES TO FINANCIAL STATEMENTS
Note 5. Interfund Receivable and Payables
The June 30, 1990 interfund
receivable
and payables are as follows:
Inte
rfund
t
Funds
Receivable
Pavables
General Fund
$ 355.868
$ -
'
Special Revenue Funds:
Traffic Safety
$ -
$ 11,882
Community Development Block Grant
=
162,150
'
R. Z'Berg/Harris Grant
12,940
$ 355,868
$ 186,972
F
d
i
l
168
896
un
Cap
ta
Projects
-
.
S 355.868
S 355.868
'
Note 6, Property and Equipment
'
Changes in the property and
equipment d
uring the year
ended June 30,
1990 were as follows:
Balance
Balance
June 30,
June 30,
1989
Acauisitions
1990
'
Land
$ 1,060,734
$ 1,655,000
$ 2,715,734
Buildings and improvements
2,955,316
-
2,955,316
Vehicles
252,149
1,723
253,872
'
Furniture and office
equipment
402,155
70,978
473,133
" Special equipment
and machinery
436,238
10,869
447,107
Other improvements
722.143
20.956
743.099
5,828,735
$ 1,759,526
S 7,588.261
Note 7. Pension Plan and Deferred Compensation Agreements
' The City has a defined contribution pension plan. The plan covers
substantially all employees and is funded by a group annuity insurance
' contract. Employees eligible for the.plan are vested 1008 upon
completion of five years of full-time employment. Employees are not
vested before five years. The contributions to the plan are at the
' discretion of the City Council. This plan does not allow for employee
contributions. The total payroll for employees covered by this plan
for the calendar year ended December 31, 1989 was $882,278. The total
payroll for all employees for the calendar year ended December 31,
' 1989 was $1,507,396. The total pension contribution for the fiscal
year ended June 30, 1990 was $84,505.
1 17
Note 7
Note 8
2vOTES TO FINANCIAL STATEMENTS
Pension Plan and Deferred Compensation Agreements, Continued
'
The Citv has a deferred compensation plan which is organized under
Internal Revenue Code 457. The Plan allows eligible employees to tax
defer a portion of their gross income not to exceed the lesser of
$7,500 or 258 of the participant's includible compensation. The
'
deferred compensation is not available to employees until termination,
retirement, death or unforeseeable emergency.
'
All amounts of compensation deferred under the Plan, all property and
rights purchased with those amounts, and all income attributable to
those amounts, property, or rights are (until paid or made available
to the employee or other beneficiary) solely the property and rights
of the City (without being restricted to the provisions of benefits
under the Plan), subject only to the claims of the City's general
creditors. Participants' rights under the Plan are equal to those of
'
.general creditors of the City in an amount equal to the fair market
value of the deferred account for each participant.
'
Long-Term Debt
The following is a summary of the general long-term debt transactions
for the year ended June 30, 1990.
Tax Accrued
Equipment Allocation Vacation
'
Purchase Notes, and Sick
Contracts Series 1987 Leave Total
Balance,
'
June 30, 1989 $ 1,732 $13,510,000 $ 52,966 $13,564,698
Additions, net - 14,463 14,463
Retirements (1.732) (1.515.000) (1.516.732)
'
Balance,
June 30, 1990 S 511.995.000 $ 67.429 57.2.062.429
Prior-Year Defeasance of Debt
In prior years, Rosemead Redevelopment Agency defeased its tax
'
allocation bonds Series 1983 by placing the proceeds of new tax
allocation notes Series 1987 in. an irrevocable trust to provide for
all future debt service payments on the old bonds. Accordingly, the
trust account assets and the liability for these defeased bonds are
'
not included in these financial statements. At June 30, 1990,
$1,275,000 of these defeased bonds remain outstanding.
,
Compensated Absences
That portion of the liability for the vested compensated absences '
totalling $67,429 which is not expected to be paid from available
resources is reported in the general long-term debt account group.
The annual requirements, principal and interest, to amortize the ,
outstanding debt as of June 30, 1990 are as follows:
lE '
'
NOTES TO FI
NANCIAL STATEMENTS
,
1
Note 8. Long-Term Debt, Continued
Tax
Years
Allocation
Ending
Notes,
1
June 30, -
Series 1987
Interest
Total
1991
$ 1,630,000
$ 972,350
$ 2,602,350
1992
1,760,000
828,617
2,588,617
'
1993
1,900,000
669,813
2,569,813
1994
2,055,000,
496,781
2,551,781
1995
2,230,000
309,312
2,539,312
Thereafter
2,420,000
105.875
2,525,875
S11 995.000
S 3.382.748
$15.377.748
'
Note 9. Budget Overexpenditures
'
Expenditures exceeded app
ropriations for t
he year ended
June 30, 1990
in the following special
revenue funds:
Amount of
Overexpendi-
'
Appropriation
Expenditures
cures
Local Transportation
Fund
$ 36,280
$ 50,400
14,120
'
State Gas Tax Fund
$ 713,590
$ 721,376
$ 7,786
The budget overexpenditures were due to the margin of error in
' estimating appropriations based on the best known facts at the time
• the budgets were adopted. The effect on the financial statements
caused by these overexpenditures was not considered material as the
' actual revenue of these funds was also more than the estimated revenue
used in preparing the budgets.
' Note 10. Commitments and Contingent Liabilities
Under state law, Rosemead Redevelopment Agency is required to set
aside a portion of its property tax increment revenue for low and
'
moderate income housing. The Agency has made findings that, for the
year ended June 30, 1990, it was exempt from funding any of the set
aside. As of June 30, 1990, the accumulated set aside amount not yet
'
.funded was approximately $2,974,000. The law requires the Agency to
devise a plan to fund the accumulating amount and to begin funding it
by 1996.
'
-During the year ended June 30, 1990, a lawsuit was filed against
several local governments, including the City, asking for monetary
damages in order to assist the plaintiffs in cleanup of a former
'
landfill now contaminated by hazardous waste. Management and legal
counsel for the City are unable to reasonably estimate the amount of
liability which may be incurred if an adverse decision is rendered.
'
However, the City intends to vigorously defend itself in regard to
this lawsuit.
1 19
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I
CITY OF ROSEMEAD, CALIFORNIA
REVENUE DETAIL - BUDGET AND ACTUAL
GENERAL FUND
Year Ended June 30. 1990
TAXES
Maintenance district
Real estate transfer tax
Trailer coach fees
Sales and use tax
Franchise fees
Transient occupancy tax
LICENSES AND PERMITS
Business license fees
Building permit fees
Occupancy permit fees
Sewer connection
INTERGOVERNMENTAL
Transfer of Agency receivable
Supplemental subvention
Financial aid to local
agencies
Motor vehicle in lieu tax
Other vehicle taxes
Cigarette tax
F.A.U. Grant
FETSIM Grant
CHARGES FOR SERVICES
1990 1989
Over
(Under)
Bud eg t Actual Budget Actual
$ 3,000 $ 698 $ (2,302) $ 2,200
100,000 142,520 42,520 147,115
- 1,334 1,334 2,926
2,840,000 3,205,342 365,342 2,665,676
470,000 494,223 24,223 461,620
360.000 332.140 (27.860) 312.261
$ 3.773.000 $ 4.176.257 $ 403.257 $ 3.591.798
$ 31,000 $ 33,073 $ 2,073 $ 33,849
538,000 488,290 (49,710) 444,960
14,000 9,138 (4,862) 13,851
4.500 2.549 (1.951) 4.306
$ 587.500 $ 533.050 $ (54.450) $ 496.966
$ - $ 169,720 $ 169,720 $ -
750 - (750) 1,186
200,000 150,139 (49,861) 179,386
1,668,000 1,689,632 21,632 1,641,702
960 773 (187) 758
99,000 82,839 (16,161) 93,388
830,760 - (830,760) -
9.300 15.500 6.200
$ 2.808.770 $ 2,108,603 $ (700,167) $ 1.916.420
Filing and certification fees $
10,000 $
6,472 $
(3,528) $
12,525
Other current charges
104,600
89,885
(14,715)
128,148
Environmental impact reports
1,000
300
(700)
600
Recreation fees
245,200
170,061
(75,139)
190,256
Assessments
-
18,133
18,133
7.157
FINES, FORFEITURES AND
PENALTIES,
Court fines and forfeitures
USE OF MONEY AND PROPERTY
Interest earned on
investments
Rental income
OTHER
Repairs to and sale of City
property
Miscellaneous
Total revenue
$ 360,800 $ 284,851 $ (75.949) $ 338.686
$ 260.000 $ 319.756 $ 59,756 $ 295.209
$ 760,000 $ 808,445 $ 48,445 $ 784,058
1.600 5.202 3.602 4.523
$ 761.600 $ 813.647 $ 52.047 $ 788.581
$ 1,000 $ 28,035 $ 27,035 $ . 70
31.860 54,050 22.190 18.098
$ 32.860 $ 82.085 $ 49.225 $ 18.168
$ 8.584,530 S 8.318.249 S (266.281) S 7.445.828
20
1
1
1
I
1
$5
$4
$3
$2
$1
$0
CITY OF ROSEMEAD, CALIFORNIA
GENERAL FUND REVENUE
Years Ended June 30, 1990, 1989 and 1988
Thousands
Taxes Licenses d Fines/ Use of Inter- Charges Other
Permits Forfeit/ Money governmental for
Penalties Property Services
1990 ® 1989 1988
21
CITY OF ROSEMEAD. CALIFORNIA
EXPENDITURE DETAIL - BUDGET AND ACTUAL
GENERAL FUND
Year Ended June 30, 1990
GENERAL GOVERNMENT
Travel and meeting
City council
City administration
City clerk
Finance
City treasurer
City attorney
General government
buildings
Community promotion
City garage
PUBLIC SAFETY
Law enforcement
Animal regulation
Parking control
Crossing guard
Street lighting
PUBLIC WORKS
Engineering and
administration
Street construction
Traffic signs and
striping maintenance
PUBLIC HEALTH, services
PUBLIC RECREATION
1990
1989
Over
(Under)
Budget
Actual
Budget
Actual
$ 13,000
$ 26,011
$ 13,011
$ 13,706
31,180
31,743
563
29,249
553,250
372,930
(180,320)
508,747
84,480
80,624
(3,856)
52,334
192,680
160,744
(31,936)
150,904
5,630
7,537
1,907
5,262
64,000
101,000
37,000
62,659
174,900
290,282
115,382
345,786
311,579
297,130
(14,449)
314,938
21,460
30,451
8.991
29,813
$ 1.4 2,159
$ 1,398,452
$ (53,707)
$ 1,513,398
$ 3,245,840
$ 3,263,996
$ 18,156
$ 3,027,797
40,000
25,266
(14,734)
44,752
93,000
90,843
(2,157)
97,632
42,620
37,788
(4,832)
35,178
34.000
(34,000)
-
$ 3.4 5,460
$ 3,417,893
$ (37.567)
$ 3,205,359
$ 51,680
$ 38,039
$ (13,641)
$ 116,214
1,295,760
93,992
(1,201,768)
127,686
266,500
288,825
22.325
72.758
$ 1,613,940
$ 420,856
$(1.193,084)
$ 316.658
S 819.880
S 856,298
$ 36.418
S 605,353
Administration
$ 163,120
Parks
774,870
Recreation
548,420
Aquatics
232.040
$ 1,718,450
COMMUNITY SERVICE
Planning
$ 285,100
Building regulation
405,000
Engineering
225,100
Redevelopment
15,870
Community improvements
46,000
Street projects
S 077,070
CAPITAL OUTLAY
$ 131,700
DEBT SERVICE
1,800
Total expenditures $10,ll0,459
$ 188,127 $ 25,007 $ 141,178
834,026 59,156 657,353
493,425 (54,995) 491,620
246.676 14.636 192.457
$ 1,762,254 $ 43.804 $ 1,482,608
$ 232,076 $ (53,024) $ 230,043
626,562 221,562 458,170
317,012 91,912 296,778
9,039 (6,831) 14,154
41,937 (4,063) 18,293
24
S 1,226,626 S 249,556 $ 1,017,462
$ 107.805 $ (23,895) $ 133,366
$ 1.779 $ (21) S 2,664
$.9,191,963 S 978,496) S 8.276.868
22
1
1
$4000
$3500
$3000
$2500
$2000
$1500
$1000
$500
$0
CITY OF ROSEMEAD, CALIFORNIA
GOVERNMENTAL FUNDS EXPENDITURE
Years Ended June 30. 1990. 1989 and 1988
Thousands
© 1990 ® 1989 ® 1988
23
General Public Public Public Public Community Capital Debt
Government Safety Works Health Recreation Service Outlay Service
CITY OF ROSEMEAD, CALIFORNIA
COMBINING
BALANCE SHEET
SPECIAL
REVENUE FUNDS
'
June
30, 1990
Local
Public
Traffic
State Aid to
Trans-
Trans-
Safety
Gas Cities
portation
portation
ASSETS
Fund
Tax Fund Fund
Fund
Fund
CASH AND CASH INVESTMENTS
$ -
$ 123,746 $ 81,133
$ 12,768
$ 711,037
'
RECEIVABLES
11.882
2.029
13.440
45.076
'
Total assets
$ 11.882
$ 125.775 S 81.133
$ 26.208
S 756.113
LIABILITIES AND FUND BALANCES
,
'ABILITIES
-!,counts payable
$ -
$ 125,775 $
$
$ 34,077
'
Due to other funds
11,882
-
Deferred revenue
'
T
t
biliti
l li
$ 11
882
$ 125
775 $
$
34
077
'
o
a
a
es
,
,
-
$
,
FUND BALANCES
81.133
26.208
722.036
'
Total liabilities
and fund balances
S 125.775 j 81.133
$ 26.208
$ 756.113
'
t
t
24
t
r
r
r
1976
Community
Community
r
Development
Parklands
Street
Narcotics
R. Z'Berg
Block Grant
Grant
Lighting
Seizure'
Harris
Totals
Fund
Fund
Fund
Fund
Fund
1990
1989
r
$ 179,484
$ 44,532
$ 79,525
$ 54,995
$ -
$1,287,220
$1,133;401
r
216.603
13.176
302.206
505.146
$ 396,087
$ 44.532
S 79.525
J___54 995
$ 13.176
51.589.426
$1.638,547
i
r
$ 49,697
$
$ 20,629
$
$ -
$ 230,178
$ 300,984
162,150
-
12,940
186,972
353,602
r
174.867
174.867
194.001
$ 386,714
$
$ 20,629
$
$ 12,940
$ 592,017
$ 848,587
r
9,373
44.532
58,896
54.995
236
997.409
789.960
r
$ 396.087
$ 44,532
S 79,525
I--L4 ,995
S' 13.176
$1.589,426
$1,638.547
1
r
r
r
r
r
'
25
CITY OF ROSEMEAD. CALIFORNIA
COMBINING STATEMENT OF REVENUE. EXPENDITURES
-ND CRANCES IN FUND BALANCES
SPECIAL REVENUE F=S
Year Ended June 30. 1990
Local
Public
Traffic
State
Aid to
Trans-
Trans-
Safetv
Gas
Cities
portation
portation
Fund
Tax Fund
Fund
Fund
Fund
REVENUE
Special assessments
$ -
$ -
$ -
$ -
$ -
Intergovernmental
641,601
13,440
542,286
Fines, forfeitures and
penalties
136,972
-
-
-
Use of money and
property
-
4,468
6.864
3.497
61.093
$ 136.972
$ 646.069
$ 6.864
S 16.937
$ 603.379
EXPENDITURES
Current:
General government $ - $ $ $ $
Public safety 136,972 -
Public works - 721,376 50,400 476,938
Public recreation - - - - -
Community services = - - - -
Capital outlay
$ 136.972 $ 721.376 $ $ 50.400 $ 476.938
Revenue over
(under)
expenditures $
$ (75,307) $ 6,864
$ (33,463)
$ 126,441
Other financing sources,
operating transfer
from other funds
75.307
Revenue and
other
financing
sources over
(under)
expenditures $
$ $ 6,864
$ (33,463)
$ 126,441
FUND BALANCE, BEGINNING
74,269
59.671
595.595
FUND BALANCE, ENDING S
S $ 81.133
S 26.208
S 722.036
26
1
1
1
1
1
1
1
1
1
1
1
1
-i
1
1
1
1
1
1
1976
Community
Community
Development
Parklands
Street
Narcotics
R. Z'Berg
Block
Grant
Lighting
Seizure
Harris
Total
Grant Fund
Fund
Fund
Fund
Fund
1990
1989
g -
$
$ 303,374
$
$ -
$ 303,374
$ 273,777
392,597
-
13,176
1,603,100
2,504,279
-
67,273
-
204,245
182,687
3
768
3.360
83.050
76,581
597
S 392
.
768
$ 3
374
S 303
S 70
633
$ 13.176
S2.193,769
$3037.324
.
,
,
.
512
$ 11
$
$ -
$
$
$ 11,512
$ 13,068
,
-
254,766
391,738
446,176
110,762
-
1,359,476
2,190,830
-
12,940
12,940
47,020
270,323
-
-
270,323
,412,918
-
15.638
15.638
21.579
597
$ 392
$ -
$ 254,766
$ 15.638
$12.940
$2.061.627
$3,131.591
.
$ -
$ 3,768
$ 48,608
$ 54,995
$ 236
$ 132,142
$ (94,267)
75,307
128,790
$ $ 3,768 $
48,608 $
54,995 $
236 $
207
,449
$ 34
,523
j
..373 40.764
9,373
10.288
789
,960
755
437
t
S 0.373 S 44.532 S
58.896 S
54.995 S
3G S
907
.409
$ 789
i
,960
27
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T
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T
s
Note: The City of Rosemead does not have T
revenue bonds, therefore the Revenue
Bond Coverage - Last Ten Fiscal Years
schedule is not included.
I
C
A
L
CITY OF ROSEMEAD, CALIFORNIA
GENERAL GOVERNMENTAL EXPENDITURES BY FUNCTION (1)
ALL GOVERNMENTAL FUND TYPES
Last Ten Fiscal Years
Fiscal
Public
Public
General
Public
Public
Year
Safety
Works
Government
Health
Recreation
1980-81
$ 1,585,775
$ 2,530,402
$ 862,907
$ 31,410
$ 866,415
1981-82
1,969,460
2,866,572
1,170,287
27,349
1,023,141
1982-83
1,948,358
3,467,355
945,380
57,743
1,225,757
1983-84
2,180,413
3,123,134
1,180,583
85,347
1,288,242
1984-85
2,730,594
3,566,007
1,129,129
138,033
1,277,711
1985-86
3,044,452
3,282,592
1,161,133
240,599
1,411,281
1986-87
3,311,878
7,576,458
1,228,759
375,345
1,483,732
1987-88
3,397,611
5,360,172
1,354,625
525,187
1,409,388
1988-89
3,651,535
7,624,877
1,611,328
605,353
1,529,628
1989-90
3,809,631
8,536,328
1,712,102
856,298
1,775,194
(1) General Governmental expenditures includes
expenditures
of the
General, Special
Revenue, and
Debt Service
Funds only.
Operating
Transfers Out have been excluded from all years.
Millions
84
$3
$2
$1
80
® Public Works ® Public Ssiety © Debt Services ® General Govt.
® Public Reor. ® Comm. Sere. 11111111 Misc. I
28
1000-81 1881-82 1082-88 1088-84 1884-88'
1
1
1
1
Community
Issuance
Capital
Debt
Inter-
Services
Costs Proiects
Service
governmental
Total
1 $
23
366
$ - $
890
897
$ -
172
$ 7
791
,
- $
,
1,
,
,
1
28,249
-
-
1,051,569
-
8,136,627
449,149
-
-
1,050,350
-
9,144,092
1
506,470
163,411
-
1,657,169
-
10,184,769
679,109
-
-
2,043,462
-
11,564,045
1
604,797
-
-
1,297,897
-
11,042,691
1
1,239,472
-
-
1,319,863
-
16,535,507
906,176
339,240
36,184
1,912,681
15,241,264
1
1,528,378
-
840,338
2,640,807
7,459
20,039,703
1,510,545
-
123,443
2,618,539
-
20,942,080
1
1
Millions
1
$to
1
:i
1
ie
1
i
i¢
1
D
1088-8e
1000-87 1087-1166 1000-88 1888-80
® Public Works
® Public 8sfety
® Debt Services
® General Govt.
1
® Public Rear.
® Comm Barr.
S~ Misc.
29
CITY.OF ROSEMEAD, CALIFORNIA
GENERAL REVENUES BY SOURCE (1)
ALL GOVERNMENTAL FUND TYPES
Last Ten Fiscal Years
Fiscal
Property
Special
Other
Licenses
Inter-
Year
Tax
Assessments
Taxes &
Permits
governmental
1980-81
$ 1,495,707
$ 132,812
$ 2,115,859 $
218,442
$ 2,585,329
1981-82
1,403,635
168,294
2,263,160
341,411
2,725,086
1982-83
.1,461,860
160,668
2,245,459
253,720
3,016,204
1983-84
2,099,410
169,845
2,397,987
261,110
3,291,717
1984-85
2,301,028
160,997
2,953,090
365,544
3,938,028
1985-86
1,655,865
193,097
2,903,490
429,481
3,925,603
1986-87
4,235,972
215,186
3,048,707
480,529
5,309,161
1987-88
2,905,521
241,257
3,351,856
512,699
3,464,227
1988-89
3,921,667
273,777
3,591,798
496,966
4,518,697
1989-90
3,204,232
303,374
4,176,257
533,050
3,725,299
(1) Includes General
and Special
Revenue Funds.
(2) Includes Proceeds
from Tax Al
location Notes.
Millions
88
86
$4
82
$0
® Intereovl. ® Prop. T" © Other Tosec CO Use of M t P
® Mice. ® Lie. 8 Permits = Fines, For. 8 Pen.
30
1880-81 1881-62 1962-83 1889-64 1084-86
1
1
1
Charges for
' Services
$ 124,623
203,306
312,298
' 326,725
' 279,992
263,.558
268,037
293,903
' 338,686
' 284,851
t
Fines,
Use of
Forfeitures.
& Penalties
Money &
Property
Other
Total
$ 219,512
$'1,444,082
$ '100,354 $
8,436,720
263,906
2,094,752
101,926
9,565,476
324,178
1,607,829
142,583
9,524,799
342,947
2,041,269
7,140,701 (2)
18,071,711
318,040
2,441,046
-
12,757,765
313,147
2,311,866
.89,719
12,085,826
444,131
1,900,145
38,420
15,940,288
449,495
2,621,930
212,503
14,053,391
477,896
2,788,346
97,468
16,505,301
524,001
2,389,057
191,389
15,331,510
Millions
8B
se
44
is
$2
=1
so
® Interowt. M Prop. Tex © Other Tame ® Uee of M l P
® Mime. ® Lie. A Permits 1101 Finee. For. A Pon.
31
1686-69 1e6B-67 1667-66 tees-6o lose-00
CITY OF ROSEMEAD, CALIFORNIA
OTHER TAX REVENUES BY SOURCE
ALL GOVERNMENTAL FUND TYPES
Last Ten Fiscal Years
Fiscal
Year
1980-81
1981-82
1982-83
1983-84
1984-85
1985-86
1986-87
1987-88
1988-89
1989-90
Maintenance
District
4,061
7,300
2,155
2,200
698
Real
Estate
Taxes
$ 23,278
16,536
23,386
38,360
39,150
49,308
83,170
105,223
147,115
142,520
Trailer
Coach
Tax
$ 4,850
4,746
1,240
5,260
1,052
1,351
3,618
2,926
1,334
Sales &
Use Tax
$ 1,782,894
1,914,550
1,853,771
1,961,668
2,425,925
2,339,127
2,452,123
2,656,680
2,665;676
3,205,342
32
1
1
Franchise
Fees
$ 191,635
203,515
246,487
266,966
301,383
293,302
269,760
336,628
461,620
494,223
Transient
Occupancy
Tax
$ 113,202
123,813
120,575
125,733
185,580
216,341
232,736
251,170
312,261
332,140
Total
$ 2,115,859
2,263,160
2,245,459
2,397,987
2,953,090
2,903,490
3,048,707
3,351,856
3,591,798
4,176,257
33.
CITY OF ROSEMEAD, CALIFORNIA
:OMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCE - BUDGET AND ACTUAL - ALL SPECIAL REVENUE FUNDS
Fiscal Year Ended June 30, 1990
REVENUES
Special assessments
Intergovernmental
Fines, forfeitures and
penalties
Use of money and property
EXPENDITURES
Current:
General government
Public safety
Public works
Public recreation
Community services
Capital outlay
Revenue over (under) expenditures
Other financing sources, operating
transfer from other funds
Revenue and other financing
sources over (under) expenditures
FUND BALANCE, BEGINNING
FUND BALANCE, ENDING
Traffic Safety Fund
Over
(Under)
Budget Actual Budget
170,000 136,972 (33,028)
170,000 136,972 (33,028)
170,000
136,972
(33,028)
170,000
3 34
136,972
(33,028)
1
t
'
State
Gas Tax
Fund
Aid
to Cities
Fund
Over
Over
'
(Under)
(Under)
Budget
Actual
Budget
Budget
Actual
Budget
593,000
641,601
48,601
100,000
(100,000)
'
13,000
4,468
(8,532)
-
6,864
6,864
606,000
646,069..
40,069
100,000
6,864
(93,136)
'
713,590
721,376-
7,786
100,000
-
(100,000)
713,590
721,376
7,786
100,000
-
(100,000)
'
(107,590)
(75,307)
32,283
-
6,864
6,864
'
-
75,307
75,307
-
-
-
864
(107,590)
-
107,590
-
6,864
- 6,
-
-
-
74,269
74,269
-
'
$(107,590) $
-
$ 107,590
S 74,269
$ 81,133
$ 6,864
'
35
CITY OF ROSEMEAD, CALIFORNIA
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCE - BUDGET AND ACTUAL - ALL SPECIAL REVENUE FUNDS (continued)
Fiscal Year Ended June 30, 1990
Local TransDOrtion Fund
Over
(Under)
Budget Actual Budget
REVENUES
Special assessments $ - $ - $
Intergovernmental - 13,440 13,440
Fines, forfeitures and
penalties - - -
Use of money and property - 3,497 3,497
- 16,937 16,937
EXPENDITURES
Current:
General government
-
-
-
Public safety
-
-
-
Public works
36,280
50,400
14,120
Public recreation
-
-
-
Community services
-
-
-
Capital outlay
-
-
-
36,280
50,400
14,120
Revenue over (under) expenditures
(36,280)
(33,463)
2,817
Other financing sources, operating
transfer from other funds
-
-
Revenue and other financing
sources over (under) expenditures
(36,280)
(33,463)
2,817
FUND BALANCE, BEGINNING
59,671
59,671
-
FUND BALANCE, ENDING
$ 23,391
$ 26,208
$ 2,817
36
1 '
'
i
I
I
I
ti
I
i
t
'
Community Development
Public
Transportation Fund
Block Grant
Fund
'
over
Over
'
(Under)
(Under)
Budget
Actual.
Budget
Budget
Actual
Budget
$ -
$ -
$ -
$ -
$ -
$ -
'
540,000
542,286
2,286
615,790
392,597
(223,193),
'
41,000
61,093
20,093
-
-
-
581,000
603,379
22,379
615,790
392,597
(223,193)
-
14,000
11,512
(2,488)
5591400
4761938
(82,462)
45,000
110,762
65,762
-
_
556,790
270,323
(286,467)
559,490,
476,938
.(82,462)
615,790
392,597
223,193)
21,600
126,441
104,841
-
-
-
600
126
441
104
841
-
-
-
21,
,
,
'
595,595
595,595
-
9,373
9,373
-
$ 617,195
$ 722,036
S 104,841
$ 9,373
S 9,373
S -
'
37
CITY OF ROSEMEAD, CALIFORNIA
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCE - BUDGET AND ACTUAL - ALL SPECIAL REVENUE FUNDS (continued)
Fiscal Year Ended June 30, 1990
REVENUES
Special assessments
Intergovernmental
Fines, forfeitures and
penalties
Use of money and property
EXPENDITURES
Current:
General government
Public safety
Public works
Public recreation
Community services
Capital outlay
Revenue over (under) expenditures
Other financing sources, operating
transfer from other funds
Revenue and other financing
sources over (under) expenditures
FUND BALANCE, BEGINNING
FUND BALANCE, ENDING
Narcotics Seizure Fund
Over
(Under)
Budget Actual Budget
67,273 67,273 -
3,360 3,360
67,273 70,633 3,360
42,273 - (42,273)
25,000 15,638 (9,362)
67,273 15,638 (51,635)
- 54,995 54,995
54,995 54,995
S - $ 54,995 $ 54,995
38
1
i
1
i
'
19
76 Community
Park-
lands Grant
Fund
Street Lighting
Fund
Over
Over
(Under)
(Under) .
Budget
Actual
Budget
Budget
Actual
Budget
$ _
$
295,000
$ 303,374
I
$ 8,374
' tl
;I
t
1,600
3,768
2,168
-
-
- ill
1,600
3,768
2,168
295,000
303,374
8,374
'
-
-
-
295,000
254,766
(40,234)
20,000
-
(20,000)
-
-
-
20,000
-
(20,000)
295,000
254,766
(40,234) ,
'
(18,400)
3,768
22,168
-
48,608
48,608
'
608
(18,400)
3,768
22,168
-
48,608,
48,
40,764
40,764
-
10,288
10,288
-
'
S 22,364
S 44,532
S 22,168
S 10,288
S 58,896
S 48,608
1
t
39
CITY OF ROSEMEAD, CALIFORNIA '
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCE - BUDGET AND ACTUAL - ALL SPECIAL REVENUE FUNDS (continued)
Fiscal Year Ended June 30, 1990 '
REVENUES
Special assessments
Intergovernmental
Fines, forfeitures and
penalties
Use of money and property
EXPENDITURES
Current:
General government
Public safety
Public works
Public recreation
community services
Capital outlay
Revenue over (under) expenditures
Other financing sources, operating
transfer from other funds
Revenue and other financing
sources over (under) expenditures
FUND BALANCE, BEGINNING
FUND BALANCE, ENDING
40
'
R.
Z'Berg Harris
Fund
Over
(Under)
'
Budget
Actual
Budget
21,990
13,176
(8,814)
21,990
13,176
(8,814)
21,990
12,940
(9,050)
' .
21,990
12,940
(9,050)
'
-
236
236
'
-
236
236
S
S 236
$ 236
1
t
I
1
1
1
1
I
1
I
1
CITY OF ROSEMEAD, CALIFORNIA
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCE - BUDGET AND ACTUAL - ALL SPECIAL REVENUE FUNDS (continued)
Fiscal Year Ended June 30, 1990
Totals
REVENUES
Special assessments
Intergovernmental
Fines, forfeitures and
penalties
use of money and property
EXPENDITURES
Current:
General government
Public safety
Public works
Public recreation
community services
Capital.outlay
Over
(Under)
Budget
Actual
Budget
$ 295,000
$ 303,374
$ 8,374
1,870,780
1,603,100
(267,680)
237,273
204,245
(33,028)
600
55
83,050
27,450
,
2,458,653
2,193,769
(264,884)
14,000 11,512
507,273 391,738
11454,270 1,359,476
41,990 12,940
556,790 270,323
25.000 15,638
(2,488)
(115,535)
(94,794)
(29,050)
(286,467)
(9,362)
2,599,323 2,061,627 (537,696)
(140,670) 132,142 272,812
.Revenue over (under) expenditures
other financing sources, operating
transfer from-'other funds
Revenue and other financing
sources over (under) expenditures
FUND BALANCE, BEGINNING
FUND BALANCE, ENDING
_ 75,307
(14'0,670) 207,449
789,960 789,960
$ 649,290 $ 997,409
75,307
348,119
$ 348,119
41
1
1
CITY OF ROSEMEAD, CALIFORNIA
ASSESSED VALUATIONS OF TAXABLE PROPERTY
1
Last Ten Fiscal Years
1
1
Secured Assessed
Fiscal Personal Unitary and Operating
Year Land Improvements Property Non-unitary Property (2)
'
1980-81 $53,478,360 $ 18,267,850 $ 1,097,860 $ - .
1981-82(1) 227,167,147 283,892,384 3,899,336 -
1
1982-83 246,372,524 321,301,957 4,927,752 -
1
1983-84 261,079,758 357,506,952 4,753,925 -
1984-85(3) -
1
1985-86 337,467,010 554,010,610 30,623,894 -
1986-87 372,828,816 600,750,171 57,430,515 -
1
1987-88 423,556,926 667,096,486 60,746,385 -
1
1988-89 443,973,950 589,616,183 8,095,040 159,654,640
1989-90 533,974,252 652,418,780 6,569,433 160,283,765
1
(1) Effective with fiscal year 1981-82, assessed valuations are listed at
100% of full cash value rather than 25% as in all previous fiscal
1
years. This change in procedure was according to the provisions of
Proposition 13 and accounts for the significantly larger assessed
valuation figures for all subsequent fiscal years.
1
(2) Effective with fiscal year 1988-89, Unitary and Operating Non-unitary
assessed valuation are listed separately.
1
(3) 1984-85 Assessed Valuation detail not available.
Source: Los Angeles County Auditor-Controller, Tax Division
'
.
1
1
1
42
1
1
P {
1
I
i
III
l
1
f
I
Ii
'
``II
i
Unsecured Assessed
~
Net
Assessed
Personal
Property
Land
Improvements
Property
Total
Exemptions
Value
$ 0
$ 65,663,030
$ 777,040
$139,284,140
$4,824,100
$134,460,040
1
0
38,355,958
10,647,235
563,962,060
19,739,249
544,222,811
'
0
14,877,917
10,351,170
597,831,320
20,373,635
577,457,685
0
17,686,006
11,771,608
652,7981249
19,081,156
633,717,093
~
'
I
708,325,166
i
0
10,441,676
44,234,638
976,777,828
18,142,141
958,635,687 f
'
0
11,393,530
38,789,686
1081 192 718
26,5b7,377
1,054,685,3 q 41
I{
0
11,518,291
44,963,801
1207,881,889
26,639,873
1,181,242,016
'
0
11r690r310
285
42i915r
1255945r408
i
28i171r346
1r227i774i062
'
0
14,019,566
48,546,323
1415,812,119
26,320,466
1,389,491,653
'
NET PROPERTY VALUE
Millions
$1600-
$1400-
$1200-
$1000-
$800-
1
$600
II
'
$400
$200
1
$O
IYYa-n mn-ep 198-e0 uu-It 1081
,
-88 lies-ia 1989-97 un-u
nu-69 1080-90
'
43
CITY OF ROSEMEAD, CALIFORNIA
SPECIAL ASSESSMENT LEVIES AND COLLECTIONS
LIGHTING AND MAINTENANCE DISTRICT
Last Ten Fiscal Years
Current
Percentage
Assessment
Assessment
Collected
Fiscal Year
Levy
Collected
Currently
1982-83
144,851
160,668
110.9%
1983-84
138,450
169,845
122.7
1984-85
187,936
160,997
85.7
1985-86
206,704
193,097
93.4
1986-87
223,795
215,186
96.2
1987-88
250,406
241,257
96.3
1988-89
285,712
275,977
96.6
1989-90
315,287
304,072
96.4
Note: Data for fiscal years prior to 1982-83 is not available.
44
' CITY OF ROSEMEAD, CALIFORNIA
' COMPUTATION OF LEGAL DEBT MARGIN
June 30, 1990
1
1
' Total assessed valuation
' Debt limit: 3.75% of total assessed valuation
' Amount of debt applicable to debt limit:
Total bonded debt $ 11,995,000
Less tax allocation notes exempt by law 11,995,000
' Total amount of debt application
to debt limit
' Legal debt margin
1
1
45
$ 2,441,020,018
$ 91,538,251
$ 91,538,251
CITY OF ROSEMEAD, CALIFORNIA
RATIO OF NET BONDED DEBT TO ASSESSED VALUE
AND PER CAPITA
Last Ten Fiscal Years
Fiscal
Year
1980-81
1981-82
1982-83
1983-84
1984-85(1)
1985-86
1986-87
1987-88
1988-89
1989-90
Population
42,985
44,070
44,914
45,737
46,208
46,627
46,893
47,425
47,707
51,156
Total
Assessed
Value
$ 139,284,140
563,962,060
597,831,320
652,798,249
976,777,828
1,081,192,718
1,207,881,889
1,255,945,408
1,415,812,119
Gross
Bonded
Debt
$ 3,820,000
2,955,000
2,045,000
7,945,000
6,375,000
5,500,000
4,550,000
14,930,000
13,510,000
11,995,000
(1) 1984-85 Assessed Valuations detail not available.
46
Less: Debt
Service
Fund Avail.
$ 3,039,293
2,955,000
2,045,000
3,481,636
3,825,654
1,798,970
972,328
3,176,706
2,948,614
3,079,126
1
1
1
1
1
1
1
Net Bonded
Debt
$ 780,707
4,463,364
2,549,346
3,701,030
3,577,672
11,753,294
10,561,386
8,915,874
Ratio of Net
Bonded Debt
to Assessed
Debt
.56
.70
.39
.34
.99
.84
.63
Net Bonded
Debt Per
Capita
$ 18.16
97.59
55.17
79.38
76.29
247.83
221.38
174.29
47
CITY OF ROSEMEAD, CALIFORNIA
RATIO OF ANNUAL DEBT SERVICE EXPENDITURE
FOR TOTAL BONDED DEBT TO TOTAL GENERAL EXPENDITURES
Last Ten Fiscal Years
Fiscal
Total Debt
Year
Principal
Interest
Service
1980-81
$1,550,000(2)
$ 269,600
$1,819,600
1981-82
323,847
865,000
1,188,847
1982-83
910,000
140,350
1,050,350
1983-84
1,310,000(2)
329,169
1,639,169
1984-85
1,570,000
473,462
2,043,462
1985-86
875,000
404,000
1,279,000
1986-87
950,000
346,875
1,296,875
1987-88
1,000,000
902,173
1,902,173
1988-89
1,420,000
1,218,143
2,638,143
1989-90
1,515,000
1,101,760
2,616,760
Total (1)
General
Expenditure
$ 7,791,172
8,136,627
9,144,.092
10,184,769
11,564,045
11,042,691
16,535,507
15,241,264
20,039,703
20,942,080
Debt Service
To Total
General
Expenditure
$ 23.35
14.61
11.49
16.09
17.67
11.58
7.84
12.48
13.16
12.50
(1) Includes All Governmental Fund Types.
(2) Premium for Defeasement of Bonds not included.
48
1
1
1
r
r
1
1
r
r
r
1
1
r
1
1
1
1
r
r
TOTAL BONDED DEBT TO
TOTAL GENERAL EXPENDITURES
Millions
612
610
i8
68
N
62
60
weo-et
Millions
625
620
615
610
65
So
1985-85 1986-87 1987-85 1988-89 1989-90
49
1991-92 1982-96 less-6+ 199+-65
'
CIT
Y OF ROSEMEAD, CALIFORNIA
PROPERTY TAX
RATES -
ALL OVERLAPPING G
OVERNMENTS
(Pe
r $100 Of
Assessed Valuation)
,
Last Ten
Fiscal
Years
'
Los
Los Angeles County
Fiscal
City Of
Angeles
School
Water
Flood Sanitation
Year
Rosemead
County
Districts
Districts
Control
District
Total
'
1980-81
0
4.003500
1.401600
.542900
.115900
.006200
6.070100
1981-82
0
1.000827
.317126
.104200
.027019
.001331
1.450503
,
1982-83
0
1.000604
.295449
.110918
.023521
.001204
1.431696
1
4
017284
001126
385301
1
'
1983-84
0
1.000649
.255128
.111
1
.
.
.
1984-85
0
1.000578
.176862
.134921
.015867
.000989
1.329217
'
1985-86
0
1.000442
.166341
.102660
.016081
.000875
1.286399
1986-87
0
1.000000
.142800
.078762
.013598
0
1.235160
'
1987-88
0
1.005051
.129215
.064613
.012257
0
1.211136
1988-89
0
002781
1
115568
048900
010487
0
177736
1
'
.
.
.
.
.
1989-90
0
1.002242
.109700
.048900
.006944
0
1.167700
'
Source:
Tax Rates By Tax
Rate Areas , Los Angeles County Tax Col
lector
,
,
50
I
I
I
I
I
I
I
I
LJ
I
I
I
I
LJ
I
I
I
I
I
CITY OF ROSEMEAD, CALIFORNIA
COMPUTATION OF DIRECT AND OVERLAPPING BONDED DEBT
June 30, 1990
1989-90 Assessed Valuation: ,$1,011,109,603 (after deducting $218,098,285
redevelopment tax allocation increment)
Direct and Overlapping Bonded Debt:
$ Applicable
Los Angeles County
0.292$
Los Angeles County Building Authorities
0.292
Los Angeles County Superintendent of Schools
0.292
Los Angeles County Flood Control District
0.306
Los Angeles County Flood Control District
Certificates of Participation
0.306
Metropolitan Water District
0.163
Los Angeles'Community College District
Certificates of Participation
0.261
E1 Monte Union High School District
Certificates of Participation
12.973
Other School Districts and Certificate of
Participation
VARIOUS
City of Rosemead
100.000
Total Direct and Overlapping Debt:
Ratios to Assessed Valuations: Direct Debt
-0- $
Total Debt
0.73%
Share of Authorized and Unsold General Obligations Bonds:
Metropolitan Water District
Los Angeles County Flood Control District
Garvey School District
State School Building Aid Repayable as of 6/30/90:
* Excludes tax allocation bonds.
Source: California Municipal Statistics, Inc.
51
$81,500
$5.6,547
$19,942
Debt 6/30/90
$ 255,792
4,515,900
11,469
486,152
136,,338
1,167,993
82,032
734,920
32,956
-0-*
$7,423,552
$1,980,893
CITY
OF ROSEMEAD, CALIFORNIA
DEMOGRAPHIC STATISTICS
Last Ten Fiscal Years
'
Income
Unemployment
Fiscal Year
Population
Households Per Capita
Rate
(1)
(2) (3)
(3)
'
1980-81
42,985
13,118
11,735
6.9
1981-82
44
070
13
256
12
918
9
3
'
,
,
,
.
1982-83
44,914
13,350
13,427
9.7
'
1983-84
45,737
13,447
13,945
7.9
1984-85
46,208
13,500
15,118
7.0
,
1985-86
46,627
13,510
16,058
6.7
1986-87
46
893
13
529
16,988
9
5
,
,
.
1987-88
47,425
13,687
17,863
5.4
'
1988-89
47,707
13,841
18,790
4.9
1989-90
51,156
13,870
4.7
'
Source:
(1)
California State
Department Of Finance, Office of
Demographic
'
Research
(2)
City of Rosemead
, Planning Department
* (3)
California State
Department Of Finance, Finance and Economic
'
Research Unit
* Information presented is
the City of Rosemead.
for the County of Los
Income Per Capita and
Angeles, whi
Unemployment
ch includes
Rate
'
specifically for the Ci
ty of Rosemead is not
available.
Data unavailable at this
time.
,
52
I
1
s0
40
s0
60
10
0
so
40
60
110
10
0
DEMOGRAPHIC STATISTICS
7a.....4.
76e..an4.
53
1060-61' 1►01-66 1066-66 1666-64 1044-66
®Imam Par Capita =Neuulnl4. ®Pepulatlen
166!{-66 1666-67 1067-66 104466
Mmen. Per Caplts CD H"as 6elda ®Pepubtlen
I
CITY OF ROSEMEAD,
: CALIFORNIA
PRINCIPAL TAXPAYERS
Fiscal Year Ended
June 30, 1990
1
'
I. Principal Property Taxpayers
Percentage
Of Total
'
Assessed
Assessed
Valuation
Valuation
'
Southern California Edison Company
$180,895,810
68.5 %
California Federal Savings
44,337,539
16.8
Chicago Title Insurance & Trust Co
mpany 18,356,443
7.0
CNC Plaza
5,222,400
2.0
Diamond Square
3,318,417
1.3
Lucky Plaza
3,089,130
1.2
San Gabriel Center
2,346,000
.9
TraveLodge, South
2,305,000
.9
ABC Plaza
2,290,184
.9
TraveLodge, East
1,851,228
.7
'
$264,012,151
100.2
Note: Principal property taxpayers
and assessed valuations presented'
here reflect the Rosemead Red
evelopment Agency Project Area
only as the City of Rosemead
is a non-property tax
city.
t
II. Principal Sales Taxpayers
May Company '
Montgomery Ward
Toys-R-Us
Reliable Lumber
Builders' Square
Builders' Emporium
Alpha Beta
Charlie Brown's '
American Directory Publishers
Sav-On/Osco Drug Stores
The above Principal Sales Taxpayers represent approximately '
fifty-one percent of the sales tax revenue received by the
City of Rosemead.
I
Source: I. Los Angeles County Auditor-Controller, Tax Division
II. City of Rosemead Sales Tax Records
54
CITY OF ROSEMEAD, CALIFORNIA
SCHEDULE OF INSURANCE IN FORCE
' June 30, 1990
' Policy
Number
' Southern California Joint
Powers Insurance Authority
' State Compensation
Insurance Fund 228962-90
' Kelley, Jiggins, Towle & Blue 05743382
' Kelley, Jiggins, Towle & Blue 9922993-03
Kelley, Jiggins, Towle & Blue 2781100.
' Kelley, Jiggins, Towle & Blue CP8119571C
1
1
1
1
t
' Source: City Finance Department
55
Expiration
Date Type of Coveraqe
07/01/91 General Liability
12/31/90
Workers Compensation
coverage
10/10/91
Public Employees
Blanket Bond
10/19/91
Boiler and Machinery
09/29/92
Notary Public Bond
Error & Ommissions
07/01/91
Property Insurance
i
i
I
1
CITY OF ROSEMEAD, CALIFORN
IA
'
CONSTRUCTION ACTIVITY
Last Ten Fiscal Years
'
Number of
Building Permit
Number of
Fiscal
Residential
Valuations (In Thousands)
Building
Year
Dwelling Units
Residential Nonresidential
Total
Permits Issued
'
1980-81
59
10,038,520 3,425,380
13,463,900
446
1981-82
37
3,849,223 44,277,710
48,126,933
369
1982-83
37
5,166,668 8,499,444
13,666,112
466
'
1983-84
60
3,903,558 9,678,541
13,582,099
569
1984-85
152
6,091,723 13,450,688
19,542,411
581
'
1985-86
92
10,697,897 20,577,307
31,275,204
568
8
29
858
698
541
1986-87
114
18,613,860 11,244,83
,
,
1987-88
143
15,384,272 19,972,636
35,356,908
737
'
1988-89
154
14,707,466 3,997,523
18,704,989
782
1989-90
76
14,571,516 15,132,741
30,461,177
794
'
1
1
1
'
56
I
1
I Streets & Alleys
CITY OF ROSEMEAD, CALIFORNIA
MISCELLANEOUS STATISTICS
June 30, 1990
The City of Rosemead is located in Los Angeles County, California
approximately nine miles east of the City of Los Angeles. Incorporated in
1959, the City of Rosemead now encompasses a total land mass of 5.5 square
miles and operates as a general law city under a Council -.City Manager
form of government. The Rosemead Redevelopment Agency, activated on
January 4, 1972, includes 511 acres within the City's 5.5 square miles.
Population
Land Area
Parks
Percentage Of Land Use:
Residential
Public Facilities
Commercial (stores & shops)
Mixed Commercial/Residential
'
Office & Light Industrial
'
Public Facilities:
Community Centers
Swimming Pools
'
Libraries
Gymnasiums
Ball Diamonds (lighted)
'
Tennis Courts (lighted)
Education Facilities:
'
Elementary Schools
Secondary Schools
High Schools
Fire Protection: *
'
Number of firefighters and officers
Police Protection:
'
Parking Control (personnel)
Police Protection (sworn personnel)
'
Major Employers and Number of Employees:
Southern California Edison Company
California Federal Savings
.
Montgomery Ward
Ticor Title Insurance Co.
May Company
Rosemead Sheraton
'
Freeway Nissan
Builders' Emporium
51,156
5.5 square miles
74.42 miles
50 acres
64 $
14
9
7
6
100 $
2
2
2
1
4
5
10
3
2
36
3
28
4,100
817
500
380
200
180
100
60
* The City of Rosemead is part of the Los Angeles County Fire Protection District which
provides fire fighting,•fire prevention, and plan check services for the City.
' The City of Rosemead contracts with the Los Angeles County Sheriff's Department for all
police services with the exception of parking control which is provided by City
personnel. 57
a
City of
ROSEMEAD
01 \Pasaden
Los Angeles _ 05
1
1
1
. 1
1
a San Bernardino 1
■
iverside
Anaheim
Lei g B
15 1
San Ditg
The CITY OF ROSEMEAD Is located In Los Angeles County,
approximately nine miles east of downtown Los Angeles.
Incorporated In 1959, the CITY OF ROSEMEAD now
encompasses a total land mas of 5.5 square miles with
an approximate population of 61,156.
58
11
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