2021-01-20 City Council Item No. 12.1 Staff Presentation Fiscal Year Ending June 30, 2020 Regular MEETING - Additional Meeting MaterialsCity of Menifee
Fiscal Year Ending June 30, 2020
Financial Statements
Wendy Preece: Deputy Finance Director
Ann-Marie Etienne: Financial Services Manager
City Council Meeting January 20, 2021
IT’S BEEN A CRAZY YEAR…
Three Sections to the Financial
Statements
1.Introductory Section Provides general information about the City, its organizational
structure, leadership and economic condition;
2.Financial Section Includes the basic financial statements, notes to the basic
financial statements, management’s discussion and analysis
(MD&A), the report of the independent auditors and other
supplementary information;
3.Statistical Section Provides facts and figures about financial trends in the City,
revenue and debt capacity, demographic and economic
information and the operations of the City.
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126 Individual Funds
General Fund (2)
1 General Fund with 21 Individual Departments
1 Measure DD General Fund
Internal Service Fund (3)
1 Information Technology
1 Fleet Services
1 Facility Maintenance
Special Revenue Funds (116)
30 Lighting, Landscape & Maintenance Districts (LLM&D)1 Gas Tax
31 Development Impact Fee (DIF)1 Measure A
41 Community Facility Districts (CFD)1 Air Quality Mgmt District (AQMD)
6 Community Service Areas (CSA)1 P.E.G.
3 Grant Funds (Grant Fund, CDBG Fund, SLESF Fund)1 SB 1 Road Maintenance
Capital Projects Fund (2)Debt Service Fund (1)
1 Capital Project 1 Debt Service
1 TUMF Fund
Fiduciary Funds (2)
1 Trust Fund
1 Veterans Memorial Fund -2-
Total Governmental Funds Revenue
$87,143,427
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Intergovernmental = VLF, Sheriff
fees, State SB 90, Gas Tax,
Measure A, WRCOG TUMF
reimbursements and Grants
Use of Money and Property =
Interest
Total Governmental Funds Revenue
CAFR page 17 -4-
Category FY 2019 FY 2020 Change % Change
38,523,243$ 44,111,372$ 5,588,129$ 14.51%
10,765,702 10,011,450 (754,252) -7.01%
13,820,929 16,762,108 2,941,179 21.28%
8,428,907 8,177,911 (250,996) -2.98%
2,011,031 1,805,179 (205,852) -10.24%
942,403 598,244 (344,159) -36.52%
14,077,226 5,559,177 (8,518,049) -60.51%
162,935 117,986 (44,949) -27.59%
88,732,376$ 87,143,427$ (1,588,949)$ -1.79%
Intergovernmental
Licenses and Permits
Taxes
Total revenues
Charges for Service
Fines & Forteitures
Developer Participation
Miscellaneous
Use of money & property
Total Governmental Funds
Expenditures $93,803,271
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Total Governmental Funds
Expenditures
CAFR page 17 -6-
FY 2019 FY 2020 Change % Change
8,169,511 9,981,475 1,811,964 22.18%
27,389,574 33,869,480 6,479,906 23.66%
5,693,505 5,196,946 (496,559) -8.72%
3,592,890 3,977,479 384,589 10.70%
13,436,193 20,997,861 7,561,668 56.28%
5,143,341 18,164,545 13,021,204 253.17%
Debt Service 1,305,488 1,615,485 309,997 23.75%
64,730,502$ 93,803,271$ 29,072,769$ 44.91%
Public Safety
Category
General Government
Capital Outlays
Total Expenditures:
Engineering and Public Works
Community Development
Recreation Services
Total General Fund Revenues Inclusive
of Measure DD
$65,185,364
Intergovernmental =
VLF, Sheriff report
and repossession fees,
State SB 90 revenues
Use of Money and
Property = Interest
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Total General Fund Revenue
Inclusive of Measure DD
CAFR page 17 -8-
Category FY 2019 FY 2020 Change % Change
37,657,089$ 43,230,255$ 5,573,166$ 14.80%
10,765,702 10,011,450 (754,252) -7.01%
6,768,936 7,246,904 477,968 7.06%
2,430,982 3,127,661 696,679 28.66%
856,594 852,864 (3,730) -0.44%
942,403 598,244 (344,159) -36.52%
152,683 117,986 (34,697) -22.72%
59,574,389$ 65,185,364$ 5,610,975$ 9.42%
Taxes
Licenses and Permits
Intergovernmental
Charges for Service
Use of money & property
Fines & Forteitures
Miscellaneous
Total revenues
Total General Fund Expenditures Inclusive of Measure DD
$58,789,409
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Total General Fund Expenditures
Inclusive of Measure DD
CAFR pages 17 -10-
FY 2019 FY 2020 Change % Change
7,576,583$ 9,348,685$ 1,772,102$ 23.39%
26,717,296 33,199,921 6,482,625 24.26%
5,693,505 5,196,946 (496,559) -8.72%
1,761,891 1,993,991 232,100 13.17%
4,311,959 4,570,234 258,275 5.99%
3,897,886 4,479,632 581,746 14.92%
49,959,120$ 58,789,409$ 8,830,289$ 17.68%
Capital Outlay
Total Expenditures:
Category
General Government
Public Safety
Community Development
Recreation Services
Engineering & Public Works
Capital Assets
CAFR page 36 -11-
Asset Type FY 2019 FY 2020 Change
Land & Right of Way 18,716,542 21,673,056 2,956,514
Construction in Progress 21,777,541 30,818,727 9,041,186
Building, Equip. & Infrastructure 209,447,853 265,800,360 56,352,507
Less Accumulated Depreciation (75,026,440) (84,829,243) (9,802,803)
Totals 174,915,496$ 233,462,900$ 58,547,404$
Murrieta Road / Park City Traffic
Signal
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Lyle Marsh Park Playground
Improvements
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Sherman/Ethanac
Reconstruction
-14-
Adams Avenue Sidewalk
Improvements
-15-
Andalusia/Belcanto Asphalt
Overlay
-16-
Goetz Road Asphalt Overlay
-17-
Scott Road/I-215 Interchange
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Award for Excellence in Financial Reporting
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Questions?Thank You.