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Home My WebLink About2012 02 15NOTICE AND CALL OF A SPECIAL MEETING OF THE CITY COUNCIL TO THE MEMBERS OF THE AFOREMENTIONED AGENCIES AND THE CITY CLERK OF THE CITY OF BALDWIN PARK NOTICE IS HEREBY GIVEN that a Special Meeting is hereby called to be held on WEDNESDAY, February 15, 2012 at 5:30 p.m. at City Hall — 3`a Floor Conference Room 307, 14403 East Pacific Avenue, Baldwin Park, CA 91706. Said Special Meeting shall be for the purpose of conducting business in accordance with the attached Agenda. NO OTHER BUSINESS WILL BE DISCUSSED Dated: February 9, 2012 Manuel Lozano Mayor AFFIDAVIT OF POSTING I, Alejandra Avila, City Clerk of the City of Baldwin Park, certify that I caused the aforementioned Notice and Call of a Special Meeting to be delivered via email (hard copy to follow) to each Member and to the San Gabriel Valley Tribune, and that I posted said notice as required by law on February 9, 2012. � —an. Alejandra Avila City Clerk AGENDA BALDWIN PARK CITY COUNCIL SPECIAL MEETING Please note time change and meeting February 15, 2012 location 5:30 p.m. CITY HALL — 3rd Floor, Conference Room 307 14403 EAST PACIFIC AVENUE BALDWIN PARK, CA 91706 (626) 960 -4011 Rim- _, _ D1 BALDWIN.. Manuel Lozano Susan Rubio Marlen Garcia Monica Garcia Ricardo Pacheco Mayor Mayor Pro Tern Council Member - Council Member - Council Member PLEASE TURN OFF CELL PHONES AND PAGERS WHILE MEETING IS IN PROCESS POR FAVOR DEAPAGAR SUS TELEFONOS CELULARES Y BEEPERS DURANTE LA JUNTA PUBLIC COMMENTS COMENTARIOS DEL PUBLICO The public is encouraged to address the City Se invita al p0blico a didgirse al Concillo o cualquiera Council or any of its Agencies listed on this otra de sus Agencias nombradas en esta agenda, agenda on any matter posted on the agenda or Para hablar sobre cualquier asunto publicado en la on any other matter within its jurisdiction. If you agenda o cualquier tema que est6 bajo su jurisdicci6n. wish to address the City Council or any of its Si usted desea la oportunidad de didgirse al Concillo o Agencies, you may do so during the PUBLIC alguna de sus Agencias, podrcl hacerlo durante el COMMUNICATIONS period noted on the periodo de Comentarios del P011co (Public agenda. Each person is allowed three (3) Communications) anunciado en la agenda. A cada minutes speaking time. A Spanish - speaking persona se /e permite hablar por tres (3) minutos. Hay infer reter is available for our convenience. un int6r rete para su conveniencia. CITY COUNCIL SPECIAL MEETING — 5:30 P.M. CALL TO ORDER ROLL CALL: Council Members: Marlen Garcia, Monica Garcia, Ricardo Pacheco, Mayor Pro Tem Susan Rubio and Mayor Manuel Lozano PUBLIC COMMUNICATIONS Three (3) minute speaking time limit Tres (3) minutos sercl el limite Para hablar THIS IS THE TIME SET ASIDE TO ADDRESS THE CITY COUNCIL PLEASE NOTIFY THE CITY CLERK IF YOU REQUIRE THE SERVICES OF AN INTERPRETER No action may be taken on a matter unless it is listed on the agenda, or unless certain emergency or special circumstances exist. The legislative body or its staff may: 1) Briefly respond to statements made or questions asked by persons; or 2) Direct staff to investigate and/or schedule matters for consideration at a future meeting. [Government Code §54954.2] ESTE ES EL PERIODO DESIGNADO PARA DIRIGIRSE AL CONC1LIO FAVOR DE NOTIFICAR A LA SECRETARIA SI REQUIERE LOS SERVICIOS DEL INTERPRETS No se podra tomar acci6n en algrrn asunto a menos que sea incluido en la agenda, o a menos que exists alguna emergencia o circunstancia especial. El cuerpo legislativo y su personal podran: 9) Responder brevemente a declaraci6nes o preguntas hechas por personas; o 2) Dirigir personal a investigar y/o fijar asuntos pare tomar en consideraci6n en juntas proximas. [Codigo de Gobierno §54954.2] RECESS TO CLOSED SESSION OF THE CITY COUNCIL 1. CONFERENCE WITH LABOR NEGOTIATOR (GC §54957.6) Agency Negotiators: Vijay Singhal, Chief Executive Officer and other representatives as designated Employee Organizations: SEIU; Clerical; Professional and Technical Employees; Police Management Employees; Confidential Employees; Confidential Management and Baldwin Park Police Officer's Association; Un- represented employees; and part-time employees 2. CONFERENCE WITH LEGAL COUNSEL -- EXISTING LITIGATION (Subdivision (a) of Section 54956.9) Vince Greve, Case No.: 2010106816, 2010106952 3. CONFERENCE WITH REAL PROPERTY NEGOTIATOR GC §54956.8 Properties: Commission Negotiators: Negotiating Parties: Under Negotiation: 8413 -014 -900 8460 -005 -900 Vijay Singhal & Joseph Pannone D. C. Corporation Price and terms of payment 4. CONFERENCE WITH LEGAL COUNSEL -- EXISTING LITIGATION (Subdivision (a) of Section 54956.9) Mark Adams and Chris Kuberry v. the City of Baldwin Park, et al. Case No. CV 12 -00512 5. CONFERENCE WITH REAL PROPERTY NEGOTIATOR GC §54956.8 Properties: Situs APN Owner Address 8555- 017 -013 Meruelo Baldwin Park, LLC 13904 Corak St. 8555 - 017 -021 Meruelo Baldwin Park, LLC 13853 Garvey Ave. 8555 -017 -026 Meruelo Baldwin Park, LLC 3060 Feather Ave. 8555- 018 -002 Meruelo Baldwin Park, LLC 13822 Garvey Ave. 8555 - 018 -003 Meruelo Baldwin Park, LLC 13916 Garvey Ave. Commission Negotiators: Vijay Singhai & Joseph Pannone Negotiating Parties: Meruelo Baldwin Park LLC and Kaiser Permanente Under Negotiation: Price and terms of payment RECONVENE IN OPEN SESSION REPORT FROM CLOSED SESSION ADJOURNMENT CERTIFICATION I, Alejandra Avila, City Clerk of the City of Baldwin Park hereby certify under penalty of perjury under the laws of the State of California that the foregoing agenda was posted on the City Hall bulletin board not less than 24 hours prior to the meeting. February 9, 2012, Alejandra Avila City Clerk PLEASE NOTE: Copies of staff reports and supporting documentation pertaining to each item on this agenda are available for public viewing and inspection at City Hall, 2" d Floor Lobby Area or at the Los Angeles County Public Library in the City of Baldwin Park. For further information regarding agenda items, please contact the office of the City Clerk at (626) 960 -4011, Ext. 466 or via e-mail at Fsaiceda @baldwinpark.com. In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact the Public Works Department or Risk Management at (626) 960 -4011. Notification 48 hours prior to the meeting will enable staff to make reasonable arrangements to ensure accessibility to this meeting. (28 CFR 34.102.104 ADA TITLE 11) AGENDA BALDWIN PARK CITY COUNCIL REGULAR MEETING February 15, 2012 7:00 PM COUNCIL CHAMBER 14403 E. Pacific Avenue Baldwin Park, CA 91706 (626) 960 -4011 Manuel Lozano Susan Rubio Marlen Garcia Monica Garcia Ricardo Pacheco y - Mayor - Mayor Pro Tern - Council Member - Council Member - Council Member PLEASE TURN OFF CELL PHONES AND PAGERS WHILE MEETING iS IN PROCESS POR FAVOR DE APAGAR SUS TELEFONOS CELULARES Y BEEPERS DURANTE LA JUNTA PUBLIC COMMENTS The public is encouraged to address the City Council or any of its Agencies listed on this agenda on any matter posted on the agenda or on any other matter within its jurisdiction. if you wish to address the City Council or any of its Agencies, you may do so during the PUBLIC COMMUNICATIONS period noted on the agenda. Each person is allowed three (3) minutes speaking time. A Spanish speaking interpreter is available for your convenience. COMENTARIOS DEL PUBLICO Se invite al publico a dirigirse al Concilio o cualquiera otra de sus Agencies nombradas en esta agenda, pare hablar sobre cualquier asunto publicado en la agenda o cualquier tema que estc bajo su jurisdicci6n. Si usted desea la oportunidad de dirigirse al Concilio o alguna de sus Agencies, podr6 hacerlo durante e/ periodo de Comentarios del Publico (Public Communications) anunciado en la agenda. A cada persona se le permite hablar por tres (3) minutos. Hay un int6rprete pare su conveniencia. Any �,vritten pLiblic roceord r Iating to an a onda itc-m for an open seas =on of a ro trlar ra oting of tho City C�t�r rri that is distributed to tiro City Council less than 72 hours ,Drier to that meefing vvill be available for public inspection at Ci €y Hall in the City Clerk's office at 14403 E. Pacific Av&nue, 3rd Fluor during norrnai bus;ness hours (rvionckiy .. Thursday sday; 7:30 a. rrr, - 6-00 p, rr a.; CITY COUNCIL REGULAR MEETING — 7:00 PM CALL TO ORDER INVOCATION PLEDGE OF ALLEGIANCE ROLL CALL Council Members: Marlen Garcia, Monica Garcia, Ricardo Pacheco, Mayor Pro Tem Susan Rubio and Mayor Manuel Lozano ANNOUNCEMENTS This is to announce, as required by Government Code section 54954.3, members of the City Council are also members of the Board of Directors of the Housing Authority and Finance Authority, which are concurrently convening with the City Council this evening and each Council Member is paid an additional stipend of $30 for attending the Housing Authority meeting and $50 for attending the Finance Authority meeting. (NO STIPEN IS PAID IF MEETING IS CANCELLED) PROCLAMATIONS, COMMENDATIONS & PRESENTATIONS Presentation of plaque to outgoing Planning Commissioner James Dexter II for his services as the Chair of the Planning Commission • Certificates of Recognition to the Saint John's team for winning the Math Competition • Presentation of findings by Cyclertopia and the teens of the Cycler Leadership Program PUBLIC COMMUNICATIONS Three (3) minute speaking time limit Tres (3) minutos ser6 el limite para hablar THIS IS THE TIME SET ASIDE TO ADDRESS THE CITY COUNCIL PLEASE NOTIFY THE CITY CLERK IF YOU REQUIRE THE SERVICES OF AN INTERPRETER No action may be taken on a matter unless it is listed on the agenda, or unless certain emergency or special circumstances exist. The legislative body or its staff may: 1) Briefly respond to statements made or questions asked by persons; or 2) Direct staff to investigate and /or schedule matters for consideration at a future meeting. [Government Code §54954.2] ESTE ES EL PERIODO DESIGNADO PARA DIRIGIRSE AL CONCILIO FAVOR DE NOTIFICAR A LA SECRETARIA SI REQUIERE LOS SERVICIOS DEL INTERPRETS No se podra tome acci6n en algun asunto a menos que sea incluido en la agenda, o a menos que exista alguna emergencia o circunstancia especial. El cuerpo legislativo y su personal podran: 1) Responder brevemente a declaraci6nes o preguntas hechas por personas; o 2) Dirigir personal a investigar y/o fijar asuntos para tomar en consideraci6n en juntas proximas. [Codigo de Gobierno §54954.2] City Council Agenda - February 15, 2012 Page 2 CONSENT CALENDAR All items listed are considered to be routine business by the City Council and will be approved with one motion. There will be no separate discussion of these items unless a City Councilmember so requests, in which case, the item will be removed from the general order of business and considered in its normal sequence on the agenda. 1. WARRANTS AND DEMANDS Staff recommends City Council receive and file. 2. TREASURER'S REPORT: DECEMBER 2011 Staff recommends City Council receive and file the Treasurer's Report for December 2011. (See related Item #1 on the Finance Authority Agenda and Item #1 on the Housing Authority Agenda) 3. CITY OF BALDWIN PARK'S COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDING JUNE 30, 2011 Staff recommends City Council receive and file the City of Baldwin Park's Comprehensive Annual Financial Report for the fiscal year ending June 30, 2011. 4. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BALDWIN PARK, CALIFORNIA, AMENDING FINES AND FEES RELATING TO THE FALSE ALARM REDUCTION PROGRAM; AND SUPERSEDING RESOLUTION NO. 2010 -017 Staff recommends City Council set the adopted fee schedules for police related fees contained in Resolution No. 2012 -001 and waive further reading, read by title only and adopt Resolution No. 2012 -001 entitled, "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BALDWIN PARK, CALIFORNIA, AMENDING FINES AND FEES RELATING TO THE FALSE ALARM REDUCTION PROGRAM; AND SUPERSEDING RESOLUTION NO. 2010 - 017." SET MATTERS -PUBLIC HEARINGS (7:00 P.M. or as soon thereafter as the matter can be heard). If in the future you wish to challenge the following in court, you may be limited to raising only those issues you or someone else raised at the public hearing described in this notice or in written correspondence delivered to the City Clerk and/or City Council at or prior to the public hearing. 5. PUBLIC HEARING FOR PROPOSED INSTALLATION OF STOP SIGN CONTROLS AT FOUR INTERSECTIONS Staff recommends City Council 1) Hold a public hearing; 2) After considering testimony, authorize staff to install stop sign controls at the proposed four locations. REPORTS OF OFFICERS 6. A YEAR IN REVIEW: A REPORT ON CITY'S PERFORMANCE AND ACCOMPLISHMENTS DURING 2011 Staff recommends City Council receive and file this report. City Council Agenda — February 15, 2012 Page 3 CITY COUNCIL ACTING AS SUCCESSOR AGENCY THE COMMUNITY DEVELOPMENT COMMISSION CONSENT CALENDAR All items listed are considered to be routine business by the City Council and will be approved with one motion. There will be no separate discussion of these items unless a City Councilmember so requests, in which case, the item will be removed from the general order of business and considered in its normal sequence on the agenda. 7. APPROVAL OF RECOGNIZED OBLIGATION PAYMENT SCHEDULE ( "ROPS ") FOR THE PERIOD FROM JANUARY THROUGH JUNE 2012 BY THE CITY COUNCIL AS GOVERNING BODY OF THE SUCCESSOR AGENCY TO THE COMMUNITY DEVELOPMENT COMMISSION Staff recommends that the City Council, as the governing body of the successor agency, approve the attached Recognized Obligation Payment Schedule (ROPS). 8. AUTHORIZATION TO INVEST MONEYS IN THE LOCAL AGENCY INVESTMENT FUND BY THE SUCCESSOR AGENCY Staff recommends that the Successor Agency adopt Resolution No. SA 2012 -001, entitled, "A RESOLUTION OF THE SUCCESSOR AGENCY TO THE CITY OF BALDWIN PARK COMMUNITY DEVELOPMENT COMMISSION AUTHORIZING THE INVESTMENT OF MONEYS IN THE LOCAL AGENCY INVESTMENT FUND OF THE STATE OF CALIFORNIA AND TAKING CERTAIN ACTIONS IN CONNECTION THEREWITH" 9. WARRANTS AND DEMANDS Staff recommends the Successor Agency receive and file Warrant Register No. 747. CITY COUNCIL 1 CITY CLERK 1 CITY TREASURER 1 STAFF REQUESTS & COMMUNICATIONS ADJOURNMENT CERTIFICATION I, Alejandra Avila, City Clerk of the City of Baldwin Park hereby certify under penalty of perjury under the laws of the State of California, that the foregoing agenda was posted on the City Hall bulletin board not less than 72 hours prior to the meeting. Dated this 9th day of February 2012. 44 Alejandra Avila City Clerk City Council Agenda — February 15, 2012 Page 4 PLEASE NOTE: Copies of staff reports and supporting documentation pertaining to each item on this agenda are available for public viewing and inspection at City Hall, 2nd Floor Lobby Area or at the Los Angeles County Public Library in the City of Baldwin Park. For further information regarding agenda items, please contact the office of the City Clerk at (626) 960 -4011, Ext. 466 or via e-mail at Fsalceda @baldwinpark.com. In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact the Public Works Department or Risk Management at (626) 960 -4011. Notification 48 hours prior to the meeting will enable staff to make reasonable arrangements to ensure accessibility to this meeting. (28 CFR 34.102.104 ADA TITLE ll) City Council Agenda — February 15, 2012 Page 5 CITY OF BALDWIN PARK BALiDWIN p.e.u.rr CITY COUNCIL AGENDA FEB 15 ., - ; STAFIFEREMORT TO: Honorable Mayor and Members of the Ci until FROM: Lorena Quijano, Finance Director ICJ DATE: February 15, 2012 SUBJECT: Warrants and Demands PURPOSE: The purpose of this report is for the City Council to ratify the payment of Warrants and Demands against the City of Baldwin Park. BACKGROUND AND DISCUSSION: The attached Claims and Demands report format meets the required information in accordance with the Government Code. Staff reviews requests for expenditures. for budgetary approval and for authorization from the department head or its designee. The report provides information on payments released since the previous City Council meeting; the following is a summary of the payments released: 1. The payroll of the City of Baldwin Park consisting of check numbers 194416 - 194452. Additionally, Automatic Clearing House (ACH) Payroll deposits were made on behalf of City Employees from control numbers 219806 - 220060 for the period of January 08, 2012 through January 21, 2012 inclusive; these are presented and hereby ratified, in the amount of $377,590.43. 2. General Warrants, including check numbers 189311 to 189440 inclusive, in the total amount of $407,830.33 constituting claims and demands against the City of Baldwin Park, are herewith presented to the City Council as required by law, and the same hereby ratified. Pursuant to Section 37208 of the Government Code, the Chief Executive Officer or designee does hereby certify to the accuracy of the demands hereinafter referred to and to the availability of funds for payment thereof. RECOMMENDATION: Staff recommends City Council ratify the attached Warrants and Demands. 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BACKGROUNDIDISCUSSION The Treasurer's Report lists all cash for the City (which includes the Baldwin Park Financing Authority), the Housing Authority, and the Community Development Commission (CDC). The CDC was eliminated effective February 1, 2012; however, at December 2011, the CDC accounts had not been closed and are reflected in the report as "CDC" monies. The report separates cash into the following three sections: • State of California Local Agency investment Fund (LAIF) — this is where the majority of the cash is held. Money is kept here until it needs to be transferred to cover the warrants (payments to vendors), payroll, or to pay the various bond payments. • Fiscal Agent Funds - these amounts represent monies held by the various bond holders that are restricted and which have been set aside for future bond payments. • Cash- this section provides the cash balances in the various checking accounts the City uses to pay its on -going payments. The cash balances fluctuate during the year due to the timing of large payments, such as interest and principal for bonds, and due to when the City receives its major sources of revenues (such as sales tax and property tax, which includes taxes related to the CDC) beginning in December and January of each year. In addition, at December 2011, the CDC LAW account had a zero balance since the CDC had paid the City for various transactions that had been made during the year. Treasurer's Report December 2011 Page 2 .FISCAL IMPACT: None RECOMMENDATION Staff recommends that the City Council, Financing Authority, and Housing Authority receive and file the December 2011 Treasurer's Report. ATTACHMENT December 2011 Treasurer's Report CITY OF BALDWIN PARK TREASURER'S REPORT December 31, 2011 ESTIMATED INVESTMENT INTEREST PURCHASE MATURITY PAR CURRENT BOOK MARKET DESCRIPTION RATE DATE DATE VALUE PRINCIPAL VALUE VALUE State of California Local Agency Investment Fund City D.38% Varies Varies 15,839,734.58 15,839,734.58 15,839,734.58 15,839,734.58 Community Develop. Comm.* 0.38% Varies Varies 0.00 0.00 0.00 0.00 Housing Authority 0.38% Varies Varies 1,768,117.87 1,768,117.87 1,768,117.87 1,768,117.87 17,607,852.45 17,607,852.45 17,607,852.45 17,607,852.45 Fiscal Agent Funds - City Varies Varies Varies 3,910,949.90 3,910,949.90 3,910,949.90 3,910,949.90 Fiscal Agent Funds - CDC Varies Varies Varies 969,088.77 969,088.77 969,088.77 969,088.77 $ 22,487,691.12 $ 22,487,891.12 4,880,038.67 $ 22,487,891.12 Total Investments $ 22,487,891.12 Cash City Checking 14,153,770.54 City Miscellaneous Cash 73,863.50 Comm. Develop. Comm. 1,316,119.78 Housing Authority 374,076.41 Financing Authority 0.00 Total Cash 15,917,830.23 Total Cash and Investments $ 38,405,721.35. * In accordance with AB X126,the Community Development Commission is dissolved effective January 31, 2012. Schedule of Cash and Investments includes all financial assets as included in the Comprehensive Annual Financial Report. There was no investment maturity/purchase transaction made for the month of December 2011 and several deposim4withdrawais were made with the Local Agency Investment Fund. In compliance with the California Government Code Section 53646 et seq., 1 hereby certify that sufficient investment liquidity and anticipated revenues are available to meet the City's expenditure requirements for the next six months that all investments are in compliance to the City's Statement of Investment Policy. a Approved by: LorqW Finance Director F 14 e CITY OF BALDWIN PARK BALDWIN P • A - R - K TO: Honorable Mayor and City Council M FROM: Vijay Singhal, Chief Executive Office Lorena Quijano, Director of Finance DATE: February 15, 2012 STAFF REPORT SUBJECT: City of Baldwin Park's Comprehensive Annual Financial Report for the Fiscal Year ending June 30, 2011 PURPOSE The purpose of this report is to present the City's Comprehensive Annual Financial Report (CAFR) for the fiscal year ended June 30, 2011. BACKGROUND The CAFR represents the financial statements of the City and it includes a summary of all assets, liabilities, fund balances, revenues and expenses. The CAFR is composed of three main sections, an introductory section, the financial section and the statistical section; the CAFR is attached for your review. The CAFR has been audited by Vasquez & Company LLP and they have rendered an unqualified opinion (this is the highest) on the report. The purpose of the independent audit was to provide reasonable assurance that the financial statements of the City of Baldwin Park for the fiscal year ended June 30, 2011, are free of material misstatements. The independent audit involved examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing the accounting principles used and significant estimates made by management; and evaluating the overall financial statement presentation. The financial statements are prepared in accordance with Generally Accepted Accounting Principles (GAAP) as promulgated by the Government Accounting Standards Board (GASB). The Government Finance Officers Association of the United States and Canada (GFOA) awarded a "Certificate of Achievement for Excellence in Financial Reporting" to the City of Baldwin Park for its Comprehensive Annual Financial Report for the fiscal year ended June 30, 2010. The Certificate of Achievement is a prestigious national award recognizing conformance with the highest standards for preparation of State and local government financial reports. The report must satisfy both generally accepted accounting principles and applicable legal requirements. Staff has submitted the June CAFR June 30, 2011 February 15, 2012 Page 2 30, 2011 CAFR to the GFOA for another award and it is anticipated that once again the CAFR will earn this prestigious certificate. DISCUSSION The Comprehensive Annual Financial Report (CAFR) was completed in accordance with the Government Finance Officers Association guidelines and recommended format. The City Council may note that the report provides statistical data at the end of the report and that the Management's Discussion and Analysis outlines the City's financial highlights and overviews for Fiscal Year ending June 30, 2011. The City accounts for its transactions in various individual funds of which the General Fund is considered the Chief Operation Fund of the City. Other funds are restricted due to the respective funding sources and are set up separately based on the purpose of the fund. The following highlights information on the General Fund and provides information on the overall status of the City operations as reported on the June 30, 2011 CAFR: • General Fund Audited Cash • General Fund Revenues and Expenditures • General Fund Unreserved Fund Balance • Governmental Revenues by Source • Governmental Expenses and Program Revenues General Fund Audited Cash As of June 30, 2011 the audited cash balance was $5,546,416 which represented an increased of $237,174 as compared to the previous fiscal year. The following chart provides an overview of the cash balances as of June 30th for each of the last six fiscal years: $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 2006 2007 2008 2009 2010 2011 As noted above, the City has been able to maintain its General Fund's cash balance around $5 million in the last three year and has significantly increased its cash position since fiscal year 2006 (and throughout the latest fiscal crisis). It is important for the City to maintain cash reserves for cash flow purposes since major revenues are received in CAFR June 30, 2011 February 15, 2012 Page 3 the latter half of the year. In addition, a healthy cash balance is necessary to cover contingencies and unexpected expenses related to possible disasters. General Fund Revenues and Expenditures The following provides a brief overview of General Fund revenues and expenditures trends, including transfers in and out (before any "Special Items ") over the last six years. $29.0 Revenues Expenditures As noted in the above trends, the city was impacted by the recession and it took a significant hit on its revenues during the 2008 to 2010 period. However, as noted above, the City has been able to curtail its expenditures thus ensuring that expenditures remained lower than revenues at June 30, 2011; for this year revenues exceeded expenditures by $659,768. This commitment by the City Council provided for a balanced budget that resulted in another increase to the General Fund reserves. General Fund Unreserved Fund Balance The City has a done a great job in increasing its Unreserved General Fund over the last six fiscal years. In fact, it has almost tripled since June 30, 2006. At June 30, 2011, the ending unreserved Fund Balance as reflected in the Balance Sheet was $5,906,643, which represented a $0.7 million increase from the previous year. The $5.9 is comprised of $2,477,618 committed to a 10% budget stabilization fund and $3,429,025 as unrestricted /unassigned fund balance. The City should be commended for the strong General Fund Reserves since many cities are currently in a deficit and /or have had to dip into a large part of their reserves in order to continue operations. The following chart provides the General Fund's Unreserved Fund Balance over this period of time. CAFR June 30, 2011 February 15, 2012 Page 4 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 Reserves - General Fund (Unreserved) Actual 2006 Actual 2007 Actual 2008 Actual 2009 Actual 2010 Actual 2011 Fiscal Year Unreserved Fund Balance 1.953.646 3.040.415 4.809.166 5.167.396 5.213.836 5.906.643 The General Fund is also responsible for providing funding to other programs and services that are accounted for in other funds (such as the Self Insurance, Fleet Services, Information Technology, Parks and Summer Lunch Funds). A better measurement of the General Fund's overall financial condition is to review all of these funds combined. The following chart provides the combined General Fund, Supported and Subsidized Funds for the same period of time: Reserves - General Fund & Supported & Subsidized Funds (Unreserved) 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 0 - 1,000,000 Actual 2006 Actual 2007 Actual 2008 Actua12009 Actual 2010 Actual 2011 Fiscal Year Unreserved Fund Balance - 894,854 793,678 2,947,044 4,488,127 4,301,866 4,000,160 The reason why the combined fund balance has declined since 2009 and as is $1.9 million less than the General Fund as of June 30, 2011 is due to a deficit in the Self Insurance Fund, which accounts for all liability, property, and worker's compensation CAFR June 30, 2011 February 15, 2012 Page 5 claims. Numerous efforts had been made in the past to improve the performance of the city's insurance programs and to increase the reserves of the Self Insurance Fund. Between 2006 and 2009 the deficit in the Self Insurance Fund decreased significantly; however, since 2009 the deficit has increased primarily due to increased exposure levels of police related claims. Despite the increase in claims, the Self Insurance Fund deficit is almost 50% of the deficit in 2005. Governmental Revenues by Source The City receives various revenues from all of its governmental funds. The following represents the composition of these governmental revenues by source as of June 30, 2011: Revenue by Source: Governmental Activities As noted above, 53% of the City's major revenue source is comprised of taxes. These taxes include monies received from property taxes, sales taxes, tax increment, franchise taxes and utility user's taxes. Governmental Expenses and Program Revenues Within the governmental funds, there are some departments that generate revenues that directly offset some of the departmental expenses. In essence, expenses that are not offset by departmental generated revenues are paid by taxes and other sources of revenue shown in the pie chart in the previous section. For the most part, the only department which generates sufficient revenues to offset its expenses is the Community Development Department. This comparison is provided in the City's CAFR and is reflected below: CAFR June 30, 2011 February 15, 2012 Page 6 Expenses and Program Revenues: Governmental Activities 20,000,000 18,000,000 16,000,000 14,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 � � r M' Revenues Expenses cp The City remains cautious even though the recession has ended especially because it economic recovery is sluggish. In the past, the City has been able to offset decreases in revenues resulting from the economic times by tightly monitoring its expenditures. It has been able to balance the budget for the last few fiscal years and had ended in the positive; however, in fiscal year 2011/2012 the City is battling new challenges (such as increases in retirement costs and the need to fund retiree health). Redevelopment Agency On June 29, 2011 (a day before the end of the fiscal year) the Governor signed ABX1 26 and ABX 1 27 which essentially eliminated redevelopment agencies and gave agencies an option to pay a "ransom" payment in order to continue to exist. Subsequent to that date, local governments and the California Redevelopment Agency sued the State. On December 29, 2011, the Supreme Court made the decision to abolish redevelopment agencies effective February 1, 2012, without the option for agencies to submit a "ransom" payment to continue in existence. This decision was unexpected and will have adverse financial impacts on all cities; however, the extent of the impact is still being evaluated. There was legislation being proposed to extend the deadline from February 1, 2012 to April 15, 2012; however, that legislation was not successful. The June 30, 2011 financial report provides a summary of the various redevelopment transactions that were enacted during the year. Since the elimination recently occurred, the City is still evaluating the impacts. However, in terms of administrative costs, it is anticipated that the City will be able to absorb these costs during the 2011/2012 fiscal year. CAFR June 30, 2011 February 15, 2012 Page 7 FISCAL IMPACT The cost of the audit is $76,957 ($69,457 original cost plus an additional $7,500 that was incurred for the additional ARRA Programs that were required to be audited by the Federal Government). No additional appropriation is requested as the additional costs will be charged to the respective grants. RECOMMENDATION It is recommended that the City Council receive and file the City of Baldwin Park's Comprehensive Annual Financial Report for the fiscal year ended June 30, 2011. ATTACHMENT 1. City of Baldwin Park Comprehensive Annual Financial Report for the Year Ended June 30, 2011. J -Win , r_ r 4 41,.y+�; � ... • . lye ...... -Y. � �,.::i_' - ��rts2�. �c •i�� -;+a V-? _ y „ i i ti (This page intentionally left blank.) City of Baldwin Park Table of Contents PAGE INTRODUCTORY SECTION Letter of Transmittal i City Officials v Organization Chart vi Certificate of Achievement for Excellence in Financial Reporting vii Award of Financial Reporting Achievement viii FINANCIAL SECTION Report of Independent Auditors Management's Discussion and Analysis Basic Financial Statements Government -wide Financial Statements: Statement of Net Assets 16 Statement of Activities 17 Fund Financial Statements Balance Sheet —Governmental Funds 18 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Assets 21 Statement of Revenues, Expenditures and Changes in Fund Balances — Governmental Funds 22 Reconciliation of the Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balances to the Statement of Activities 24 Statement of Net Assets — Proprietary Funds 25 Statement of Revenues, Expenses and Changes in Fund Net Assets — Proprietary Funds 26 Statement of Cash Flows — Proprietary Funds 27 Statement of Fiduciary Funds 28 Notes to Financial Statements 29 REQUIRED SUPPLEMENTARY INFORMATION Schedule of Revenues, Expenditures and Changes in Fund Balances — Budget and Actual — General and Major Special Revenue Funds 61 Schedule of Funding Progress 64 Notes to Required Supplementary Information 65 SUPPLEMENTARY INFORMATION Description of Nonmajor Governmental Funds 67 Combining Balance Sheet — Nonmajor Governmental Funds 70 Combining Statement of Revenues, Expenditures and Changes in Fund Balances — Nonmajor Governmental Funds 71 Combining Balance Sheet — Nonmajor Special Revenue Funds 73 Combining Statement of Revenues, Expenditures and Changes in Fund Balances — Nonmajor Special Revenue Funds 79 Combining Balance Sheet — Nonmajor Debt Service Funds 85 Combining Statement of Revenues, Expenditures and Changes in Fund Balances — Nonmajor Debt Service Funds 86 (This page intentionally left blank.) City of Baldwin Park Table of Contents PAGE SUPPLEMENTARY INFORMATION (CONTINUED) Supplementary Information (continued) Schedule of Revenues, Expenditures and Changes in Fund Balances — Budget and Actual — Nonmajor Special Revenue Funds 87 Schedule of Revenues, Expenditures and Changes in Fund Balances — Budget and Actual — Debt Service Funds 107 Schedule of Revenues, Expenditures and Changes in Fund Balances — Budget and Actual - Capital Project Funds 109 Schedule of Revenues, Expenditures and Changes in Fund Balances — Budget and Actual — Major Governmental Funds - Debt Service and Capital Projects 110 Enterprise Fund Description of Enterprise Fund 112 Statement of Net Assets — Enterprise Fund 113 Statement of Revenues, Expenses and Changes in Fund Net Assets — Enterprise Fund 114 Statement of Cash Flows — Enterprise Fund 115 Internal Service Funds Description of Internal Service Funds 116 Combining Statement of Net Assets — Internal Service Funds 117 Combining Statement of Revenues, Expenses and Changes in Fund Net Assets — Internal Service Funds 118 Combining Statement of Cash Flows — Internal Service Funds 119 Fiduciary Funds Description of Fiduciary Funds 120 Statement of Changes in Assets and Liabilities - Fiduciary Funds 121 Report of Independent Auditors on Compliance and on Internal Control Over Financial Reporting Based on an Audit of Basic Financial Statements Performed in Accordance with Government Auditing Standards 122 STATISTICAL SECTION Net Assets by Component 127 Fund Balance of Governmental Funds 128 Change in Net Assets 129 Fund Balances of Governmental Funds 130 Changes in Fund Balances of Governmental Funds 131 Assessed Value and Estimated Actual Value of Taxable Property 132 Assessed Valuation by Tax District 133 Direct and Overlapping Property Tax Rates 135 Ten Principal Property Taxpayers 136 Property Tax Levies and Collections 137 Ratio of Outstanding Debt by Type 138 (This page intentionally left blank.) City of Baldwin Park Table of Contents PAGE STATISTICAL SECTION (continued) Computation of Legal Debt Margin 139 Direct and Overlapping Bonded Debt 140 Full -time and Part -time City Employees 141 Pledged- Revenue Coverage — Tax Allocation Bonds 142 Demographic Statistics 143 Operating Indicators by Function 144 Capital Assets Statistics by Function 145 Per Capita Cost — General Governmental Expenditures by Function 146 Construction Activity 147 Ten Principal Employers 148 (This page intentionally left blank.) December 20, 2011 Honorable Mayor and City Council City of Baldwin Park Baldwin Park, California It is our pleasure to submit for your information the Comprehensive Annual Financial Report (CAFR) of the City of Baldwin Park for the fiscal year ended June 30, 2011. Financial Condition and Overview As of June 30, 2011, the General Fund cash balance is $5.5 million and the total General Fund Reserves is $5.9 million ($3.4 million is unassigned and $2.5 million is committed [based on the City's policy to maintain 10% of operating expenses as the minimum reserves for emergency purposes]). These reserves are healthy in spite of having had experienced the worst recession in many decades coupled with revenues that declined by more than $2 million since their peak in 2008. In addition to achieving healthy reserves, the City, through its Community Development Commission (the "Agency "), has continued to promote new businesses during these challenging economic times and was able to attract new companies thus creating new jobs and assisting in reducing economic blight. The following are some examples: On June 29, 2011, a new 46,600 square foot Superior Grocers opened within the 13- acre shopping center located in the Central Business District Redevelopment Project Area. • In the Sierra Vista Redevelopment Project area, a new dental office, Total Care Dental, and T- Mobile opened in the summer within the Sierra Center, filling a space once occupied by Hollywood Video. • Within the Baldwin Park Marketplace, 3 Men's Suits opened their store in February 2011 and Wells Fargo bank opened their new bank on June 26, 2011. The City will continue to promote new business opportunities while it tries to combat the negative effects of the State of California against Redevelopment Agencies. The latest attack against Redevelopment Agencies occurred on June 29, 2011 when the Governor signed AB1X 26 and AB1X27. Basically, AB1X 26 dissolves Agencies and AB1X27 allows Agencies to continue if the Agency pays certain amounts to the State (the Agency's payment was reduced from $2,090,636 to $1,815,809 after it filed an Appeal to the State). This legislation is discussed in detail in Note 19 to the Financial Statements. The California Redevelopment Agency (CRA) and the League filed a petition to overturn the legislations because they violate the Constitution; a decision is expected by January 15, 2012. The City and the Agency have adopted all the necessary documents that would allow it to pay the State if the Courts decide this is what is necessary to continue the operations of the Agency. Financial Statements and Management's Responsibility The financial statements are prepared in accordance with Generally Accepted Accounting Principles (GAAP) as promulgated by the Government Accounting Standards Board (GASB). This report consists of management's representations concerning the finances of the City of Baldwin Park, California. Consequently, management assumes full responsibility for the completeness and reliability of all of the information presented in this report. To provide a reasonable basis for making these representations, City management has established a comprehensive internal control framework that is designed both to protect the City's assets from loss, theft, or misuse and to compile sufficient reliable information for the preparation of the City's financial statements in conformity with GAAP. Because the cost of internal controls should not outweigh their benefits, the City's comprehensive framework of internal controls have been designed to provide reasonable rather than absolute assurance that the financial statements will be free from material misstatement. As management, we assert that, to the best of our knowledge and belief, this financial report is complete and reliable in all material respects. The City's financial statements have been audited by Vasquez & Company LLP; a public accounting firm, fully licensed and qualified to perform audits of the State and local governments within the State of California. The purpose of the independent audit was to provide reasonable assurance that the financial statements of the City of Baldwin Park, California for the fiscal year ended June 30, 2011, are free of material misstatements. The independent audit involved examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing the accounting principles used and significant estimates made by management; and evaluating the overall financial statement presentation. The independent auditors concluded, based upon the audit, that there was a reasonable basis for rendering an unqualified opinion that the City of Baldwin Park, California's financial statements for the fiscal year ended June 30, 2011, are fairly presented in conformity with GAAP. The independent auditors' report is presented as the first component of the financial section of this report. The independent audit of the financial statements of the City was part of a broader, federally mandated "Single Audit" designed to meet the special needs of Federal grantor agencies. The standards governing Single Audit engagements require the independent auditor to report not only on the fair presentation of the financial statements, but also on the audited government's internal controls and compliance with legal requirements, with special emphasis on internal controls and legal requirements involving the administration of federal awards. These reports are available in the City's separately issued Single Audit Report. GAAP requires that management provide a narrative introduction, overview, and analysis to accompany the basic financial statements in the form of Management's Discussion and Analysis (MD &A). This letter of transmittal is designed to compliment MD &A and the MD &A should be read in conjunction with it. Profile of the City of Baldwin Park The City of Baldwin Park was founded in 1887 and incorporated on January 25, 1956, under the general laws of the State of California. The City operates under Council -Chief Executive Officer form of government. The City's Mayor is elected at large every two years, and the City Council members are elected at large to four -year terms in alternate slates every two years. The City is located 17 miles east of Los Angeles, in the center of the San Gabriel Valley, and shares common boundaries with the cities of El Monte to the west, West Covina to the east and south and Irwindale to the north. Baldwin Park occupies 6.7 square miles. Infill residential development has increased the population from 50,554 in 1980 to 81,604 in 2010. The City is diversified with single family and multiple family housing development, commercial development and industrial development. Major businesses include Home Depot, Wal -Mart, Nichols Lumber & Hardware, Target, In N Out Burgers and Harley Davidson Sales. City Services The City provides a full range of municipal services. Services provided include police, street maintenance and improvements, transit, storm drains, recreation, public improvements, planning, zoning, and general administrative and support services. Financial data for all funds through which services are provided by the City have been included in this report based on the criteria adopted by the Governmental Accounting Standards Board (GASB), which is the authoritative body in establishing U.S. generally accepted accounting principles (GAAP) for local governments. As required by GAAP, these financial statements present the City (the primary government) and its component units (entities for which the government is considered to be financially accountable). Blended component units (although legally separate entities) are in substance part of the government's operations, and so data from these units are combined with data of the primary government. Budget The City of Baldwin Park adopts a comprehensive budget by department prior to the start of the fiscal year on July 1. The budget is further detailed by cost center (division) and character of expenditure, defined as Contractual Services, Personnel Services, Maintenance and Operations, and Capital Outlay. The ledgers of the City and its component units are maintained by the line item detail or object of expenditure. However, all budgetary controls are exercised at the department and fund level. Revenues are estimated annually and measured against actual revenues earned. Employee Benefits The City provides its full -time and eligible part -time employees retirement benefits. Members and their beneficiaries are provided benefits through defined benefit pension plans for both public safety employees and miscellaneous employees (City, Redevelopment Agency, and Housing Authority). These plans are part of the California Public Employees' Retirement System (CaIPERS). The City contributes to the plans based on amounts determined by CalPERS actuaries. The City also contributes the employees' required contributions or a portion thereof on their behalf and for their account. The City also provides post- retirement health benefits to its employees in accordance with agreements reached with the various employees bargaining groups. The City pays for retirees' health care premiums in these plans up to limits established in the agreements with the bargaining units. Additional information on the City's retirement and post - employment benefits can be found in Notes 13 and 14 in the notes to the financial statements. Local Economy and Economic Outlook The greatest recession since the great depression is officially over. However, the nation is still experiencing foreclosures, unemployment and the housing market remains at its lowest. Revenues for local governments in California have not recuperated due to reduced tax collections and decreased sales; thus many governments have had to face cuts and reductions in staffing, programs and services. Although the City of Baldwin Park experienced lower tax revenues due to the recession, in fiscal year 2010/2011 revenues also decreased due to changes in the policy related to impounding of vehicles. This resulted in decreases in police revenues related to Franchise Taxes and Vehicle Release Fees (of about $474,000 for both). Nevertheless, as of June 30, 2011, the City has been able to avoid significant impacts on its fiscal position, budget, services and programs. During the recession, the City was able to absorb the effects of the economic downturn due to the City's previous efforts in implementing revenue and expenditure restructuring programs. Thus the financial condition of the City's General Fund has strengthened and the reserves and cash balances have increased to more comfortable levels. For the upcoming 2011/2012 fiscal year, the City adjusted its revenue projections to new expected levels; note that no significant increases are expected even though the recession has ended. In addition, the City has adjusted its expenditures to absorb the CALPERS rate hikes. Overall, even though the City was able to absorb a significant portion of the CALPERS increases by eliminating all non -sworn vacancies and reducing certain operating expenses, it was not enough and the City had to use about $590,000 of its General Fund Reserves. The City will be reviewing various options, including new revenues or restructuring of employee benefits relating to both retirement formulas and contributions, for the upcoming years to minimize the further use of reserves. However, this will be difficult since the State of California's large spending deficits are on -going and the State will continue to be a threat to local governments as long as they continue to experience difficulties balancing their budget. GFOA Certificate of Achievement Award The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Baldwin Park for its Comprehensive Annual Financial Report for the fiscal year ended June 30, 2010. The Certificate of Achievement is a prestigious national award recognizing conformance with the highest standards for preparation of State and local government financial reports. In order to be awarded a Certificate of Achievement a government must publish an easily readable and efficiently organized comprehensive annual financial report. This report must satisfy both generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. We believe that our current comprehensive annual financial report continues to meet the Certificate of Achievement Program's requirements, and we are submitting it to GFOA to determine its eligibility for another certificate. Acknowledgements The preparation of this CAFR reflects the hard work, talent, and commitment of the staff members of the Finance Department. This document could not have been accomplished without the high level of professionalism and dedication that they bring to the City of Baldwin Park. We sincerely appreciate the dedication and commitment that the Finance Staff members bring to the City. We would also like to express our appreciation to Vasquez & Company LLP, the City's independent auditors, who assisted and contributed to the preparation of the Comprehensive Annual Financial Report. Special acknowledgement is given to the Mayor and City Council for their support and interest in directing the financial affairs of the City in a responsible, professional and progressive manner. iv 2;� g ��@ _ �Q�•. � \�� m ��«ar,aw ;2� s v <- � /± �� > . ;%a y� �� \��G��. f :�, /�� ,.,f� e 2!! 3 :�z �^ ��: ` � ��'A9w« m!� pm a� (This page intentionally left blank.) ca (1) cu c 0 a� ca Q ufi`` r •_;�(J{(��,�k If7I�I�`�. �� i IgI$�1 'J +y x 1 �c< '; , Fe}Y% #Y� 'syl WI (This page intentionally left blank.) �� '�. ;1: J �J rM1.� Jt } �.. �� i. f.s r .�«� �'� S �. G T tt [�.'� �.F.wt�1'. :1Y��i. ca (1) cu c 0 a� ca Q m Lk ad 1 11 qFM BMW- xio IV -Wl- F71 v IV. 10A AiW it '* Ar�' 41 1 'gall - - - -------' (This page intentionally left blank.) ask am? olk tw �. E'ul ..a5 ` ;0 l ' l,j' I 3"y" i :�„' IE i € K€.. yy ' EII�.L� X14." 1 ,.�_€ J. .. :. ti.�;..I.�i� 3 'ii7�T •�*fi,'..,.,'�'=I •Y �.1. AF 6 1 A l i _:t� ,.wr (This page intentionally left blank.) City of Baldwin Park Management's Discussion and Analysis Year ended June 30, 2011 As management of the City of Baldwin Park ( "City "), we offer readers of the City's financial statements this narrative overview and analysis of the financial activities of the City for the fiscal year ended June 30, 2011. Please read it in conjunction with the accompanying transmittal letter at the front of this report, and the basic financial statements, which follow this section. Financial Highlights ❖ The assets of the City exceeded its liabilities at June 30, 2011 by $106 million. This amount is referred to as the net assets of the City. Of this amount, $14 million is unrestricted net assets and may be used to meet the City's ongoing obligations to citizens and creditors. ❖ The City's net assets increased by $2.5 million during the past year; that is, total revenues were greater than total expenditures by $2.5 million. For FY 2010 -11, Revenues, including Special Items, increased by $3.0 million while Expenses decreased by $1.8 million over FY 2009 -10 levels. ❖ As of the close of the 2010 -11 fiscal year, the City's governmental funds reported combined ending fund balances of $38.4 million, an increase of $7.0 million over the prior fiscal year. The City's internal service funds, which are not reported as part of the City's governmental funds, have a negative fund balance of $1.5 million at June 30, 2011. ❖ As of June 30, 2011, the unassigned fund balance of the City's General Fund was $3.4 million and the committed fund balance was $2.5 million for a total of $5.9 million; this represents an increase of $0.7 million from the prior year. ❖ In the General Fund, revenues exceeded expenditures by $1.7 million, before other financing sources. ❖ The City's total long -term liabilities decreased by $0.35 million, or 0.4 %, during the fiscal year ended June 30, 2011, to a level of $78.6 million. Overview of the Financial Statements This discussion and analysis are an introduction to the City's basic financial statements, which consist of three components: 1) government -wide financial statements, 2) fund financial statements, and 3) notes to the basic financial statements. This report also consists of supplementary information in addition to the basic financial statements. Government -wide Financial Statements. The government -wide financial statements are designed to provide readers with a broad overview of the City's finances, in a manner similar to a private - sector business. The statement of net assets presents information difference between the two reported as net assets. may serve as a useful indicator of whether th e deteriorating. 5 on all of the City's assets and liabilities, with the Over time, increases or decreases in net assets financial position of the City is improving or City of Baldwin Park Management's Discussion and Analysis Year ended June 30, 2011 The statement of activities presents information showing how the City's net assets changed during the most recent fiscal year. All changes in net assets are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods (e.g., uncollected taxes and earned but unused vacation leave). The government -wide financial statements distinguish functions of the City that are principally supported by taxes and intergovernmental revenues (governmental activities). The governmental activities of the City include general government, public safety, public works, community development, recreation, non - departmental, and interest on long -term debt. The government -wide financial statements include not only the City itself (known as the primary government), but also three legally separate entities, the Baldwin Park Redevelopment Agency, the Baldwin Park Housing Authority, and the Baldwin Park Public Financing Authority. The City is financially accountable for these entities and financial information for these blended component units is reported within the financial information presented for the primary government itself. The government -wide financial statements can be found beginning on page 16 of this report. Fund Financial Statements. A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The City, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance - related legal requirements. All of the City's funds can be divided into three categories: governmental funds, proprietary funds and fiduciary funds. Governmental Funds. Governmental funds are used to account for essentially the same functions reported as governmental activities in the government -wide financial statements. However, unlike the government -wide financial statements, governmental fund financial statements focus on near - term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating the City's near - term financial requirements. Because the focus of governmental funds is narrower than that of the government -wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government -wide financial statements. By doing so, readers may better understand the long -term impact of the City's near -term financial decisions. Both the governmental fund balance sheet and the governmental fund statement of revenue, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The City maintains 36 individual governmental funds. Information is presented separately in the governmental fund balance sheet and in the governmental fund statement of revenues, expenditures and changes in fund balances for the General Fund, the Housing and Community Development Fund, Future Development Fund, Low /Moderate Income Housing Fund, Redevelopment Agency Debt Service Fund, and Redevelopment Agency Capital Project Fund, each of which are considered to be major funds. Data from the other 30 governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these nonmajor governmental funds is provided in the form of combining statements in the nonmajor governmental funds supplementary information section of this report. 9 City of Baldwin Park Management's Discussion and Analysis Year ended June 30, 2011 The City adopts an annual appropriated budget for its general fund. A budgetary comparison statement has been provided for the general fund to demonstrate its compliance with this budget. The governmental fund financial statements can be found beginning on page 18 of this report. Proprietary Funds. The City maintains two different types of proprietary funds. Enterprise funds are used to report the same functions presented as business -type activities in the government -wide financial statements. The City uses an enterprise fund to account for its public housing operation. Internal service funds are an accounting device used to accumulate and allocate costs internally among the City's various functions. The City uses internal service funds to account for vehicle operation and maintenance, information services and self- insurance activities, including general claims liability and workers' compensation insurance. Proprietary funds provide the same type of information as the government -wide financial statements, only in more detail. The proprietary fund financial statements provide separate information for the maintenance and operation of a public housing fund, which is considered a governmental fund in the government -wide financial statements. Conversely, the internal service funds are combined into a single, aggregated presentation in the proprietary fund financial statements. Individual fund data for the internal service funds is provided in the form of combining statements in the supplementary information section of this report. The basic proprietary fund financial statements can be found beginning on page 25 of this report. Fiduciary Funds. Fiduciary funds are used to account for resources held for the benefit of parties outside the government. Fiduciary funds are not reflected in the government -wide financial statements because the resources of those funds are not available to support the City's own programs. The accounting used for fiduciary funds is much like that used for proprietary funds. The fiduciary fund financial statements can be found on page 28 of this report. Notes to the Basic Financial Statements. The notes to the basic financial statements provide additional information that is essential to a full understanding of the data provided in the government - wide and fund financial statements. The notes to the basic financial statements can be found beginning on page 29 of this report. Other Information. In addition to the basic financial statements and accompanying notes, this report also presents certain required supplementary information concerning the City's progress in funding its obligation to provide pension benefits to its employees and a comparison of budgeted to actual results for the general and major special revenue funds. Required supplementary information can be found beginning on page 61 of this report. The combining statements referred to earlier in connection with nonmajor governmental funds and internal service funds are presented immediately following the required supplementary information. Combining and individual fund statements and schedules can be found beginning on page 67 of this report. 7 City of Baldwin Park Management's Discussion and Analysis Year ended June 30, 2011 Government -wide Financial Analysis Net assets. As noted earlier, net assets may serve over time as a useful indicator of a government's financial position. In the case of the City, net assets were approximately $106 million as of June 30, 2011. Net assets increased $2.5 million, or 2.4 %, during fiscal year 2010 -11. Assets increased 1.0% and liabilities decreased by 1.0% compared to June 30, 2010. By far the largest portion of the City's net assets at June 30, 2011 ($79.6 million, or 75.1 % of total net assets) reflects its investment in capital assets (e.g., land, infrastructure, buildings, machinery and equipment) less any related debt used to acquire those assets that is still outstanding. The City uses these capital assets to provide services to citizens; these assets are not available for future spending. Although the City's investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. Summary of Net Assets June 30, 2011 and 2010 Governmental Activities 2011 2010 ASSETS Cash and other assets $ 69,248,711 $ 63,643,314 Capital assets net of accumulated depreciation 119,512,421 123,293,430 Total assets 188, 761,132 186, 936, 744 LIABILITIES Current and other liabilities 4,136,136 4,489,883 Long -term liabilities 78,641,430 78,991,279 Total liabilities 82,777,566 83,481,162 NET ASSETS Invested in capital assets, net of related debt 79,629,227 82,368,940 Restricted 13,841,440 9,097,505 Unrestricted 12, 512, 899 11, 989,137 Total net assets $ 105,983,566 $ 103,455,582 As noted earlier, net assets may serve over time as a useful indicator of the City's financial position. In the case of the City, assets exceeded liabilities by $106 million at June 30, 2011. A portion of the City's net assets (13.1 %) represents resources that are subject to external restrictions on how they may be used. The remaining balance of unrestricted net assets, $12,512,899, may be used to meet the government's ongoing obligations to citizens and creditors. At the end of the current fiscal year, the City is able to report positive balances in all three categories of net assets, for the City as a whole. Governmental Activities. Governmental activities increased the City's net assets by $2.5 million for fiscal year 2010 -11. E:7 General Revenues Charges for services Grants and Contributions Taxes Sales taxes Property taxes Utility users taxes Tax increment Franchise taxes Other taxes Investment income Other income Total Expenses General government Public safety Public works Community development Recreation services Interest and fiscal charges Change in net assets before special items Special items Gain on sale of properties Items related to payment of loans Total special items Change in net assets Net assets, beginning Net asset, ending City of Baldwin Park Management's Discussion and Analysis Year ended June 30, 2011 Increase 2011 2010 (Decrease) 4,623,058 $ 4,265,231 $ 357,827 17,256,159 19,179,294 (1,923,135) 5,713,857 5,251,513 462,344 11,645,328 11,944,651 (299,323) 2,266,892 2,407,299 (140,407) 5,418,895 6,244,987 (826,092) 2,239,905 2,312,090 (72,185) 1,084,450 1,145,692 (61,242) 337,283 388,977 (51,694) 2,138, 900 1,963,572 175,328 52,724,727 55,103,306 (2,378,579) 4,408,497 3,142,685 1,265,812 18,776,862 18,810,685 (33,823) 13,533,300 13,549,660 (16,360) 11,018,139 14,060,899 (3,042,760) 4,477,346 4,383,579 93,767 3,355,401 3,424,605 (69,204) 55,569,545 57,372,113 (1,802,568) (2,844,818) (2,268,807) (576,011) 4,988,913 - 4,988,913 383,889 - 383,889 5,372, 802 5,372,802 2,527,984 (2,268,807) 4,796,791 103,455,582 105,724,389 (2,268,807) 105,983,566 $ 103,455,582 $ 2,527,984 Key elements of both increases and decreases in fiscal year 2010/2011 are as follows: An increase in charges for services of $357,827 related to (1) an increase in the amount received from vehicle license fees of about $135,000, the majority of which was related to a one time payments of monies due from the State for previous years; and (2) an increase of $252,000 in the collection of monies in the Community Development department related to building plan check fees, construction permits, code enforcement citation, public arts fees and payment of principal and interest relating first time home buyers loans. A decrease in the amount of grant monies received of $1,923,135. The main decrease reflects about $1.7 million in one -time monies received in fiscal year 2009/2010 from asset seizure funds, which was not received in the current year. An increase in sales tax revenues of $462,344 reflects the recent addition of a new business that is generating additional sales tax for the City. On the other hand, a decrease in property taxes of $299,323 is attributable to the sluggish economy and to reductions in assessed values by the Assessor's Office; thus decreasing local property taxes. Since Tax Increment is basically property tax, there was also a decrease. The decrease was a lot more significant at $826,092. M City of Baldwin Park Management's Discussion and Analysis Year ended June 30, 2011 • In terms of expenses, there was an increase in General Government of $1.2 million due to significant increases in the future costs of worker's compensation claims, reflected in the insurance fund and due to increases in depreciation costs for new vehicles purchased during the year, along with increases in the cost of fuel. A decrease of $3.0 million in Community Development expenses reflects decreases of about $700,000 in grants received and spent by the department, decrease in the issuance of CAL Home Grants of about $45,000; decreases in the amount paid of $1.9 million in the Debt Service Funds, mainly relating to the SERAF payment made in fiscal year 2010 of $1.8 million; and decreases in expenses of about $200,000 in both the General Fund and Capital Projects Fund. • Special Items reflect about $5 million in gains from the sale of properties to the Agency and about $380,000 in payment of loans made by the Agency to the City during the year. Expenses and Program Revenues- Governmental Activities 20,000,000 18,000,000 16,000,000 ............ . ............................... 14,000,000 12,000,000 10,000,000 1. 8,000,000 32° 6,000,000 t 4,000,000 xx Revenues 2,000,000 22 t MM t I , Expenses Revenues by Source- Governmental Activities 10 City of Baldwin Park Management's Discussion and Analysis Year ended June 30, 2011 Financial Analysis of the City's Funds As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance - related legal requirements. Governmental Funds. The focus of the City's governmental funds is to provide information on near -term inflows, outflows and balances of spendable resources. Such information may be useful in assessing the City's financing requirements. In fiscal year 2010 -2011, the City implemented GASB Statement #54 which substantially altered the categories and terminology used to describe "fund balance." The new categories are as follows: • Nonspendable fund balance (inherently nonspendable) • Restricted fund balance (externally enforceable limitations on use) • Committed fund balance (self- imposed limitations on use) • Assigned fund balance (limitation resulting from intended use) • Unassigned fund balance (residual net resources) Unassigned fund balance, previously referred to as unreserved fund balance, may serve as a useful measure of the City's net resources available for spending at the end of the fiscal year. As of the end of the current fiscal year, the City's governmental funds reported combined ending fund balances of $38,433,103. Of the total fund balance $24,395,043 is nonspendable of which $6.9 million is related to long -term loans receivables, $11.4 million is for long -term advances to other funds, and $5.9 million is for property held for resale; $29,137,747 is Restricted of which $26.2 million is related to Special Funds and $2.9 million is for debt service; $4,139,852 is Committed of which $1.6 million is for the economic development fund and $2,477,618 is set aside specifically for General Fund reserves of ten percent based on the operating budget; and ($19,239,103) is Unassigned. The General Fund is the chief operating fund of the City. At the end of the current fiscal year, the total fund balance is $17,077,153. Of this amount, $11.2 million is Nonspendable since its related to long -term advances to other funds, $2.4 million is Committed as noted above to maintaining a ten percent minimum in reserves and $3.4 million is unassigned. As a measure of General Fund liquidity, it may be useful to compare the unassigned fund balance to total fund expenditures. General Fund unassigned fund balance represents 15% of total general fund expenditures of $22,364,752. In addition to strengthening its fund balance, the City has also increased its General Fund cash reserves over the last five years, as noted below: $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 2006 2007 2008 2009 2010 2011 11 City of Baldwin Park Management's Discussion and Analysis Year ended June 30, 2011 The General Fund's Net Change in Fund Balance before Special Items was $659,768; this positive balance was attributed to lower personnel costs in departments which did not fill full -time vacancies that occurred during the fiscal year. The increase was despite a ($305,134) variance in the budget to actual revenues resulting from less collections in monies related to vehicle impounds. In total and after the special items, the City's General Fund decreased by $1.8 million during the current fiscal year due transfers made to the Future Development Fund. Both the Redevelopment Agency Debt Service and Capital Projects had decreases in the fund balance of $1,617,058 and $675,214, respectively that were due to lower revenues within the particular funds, the payment of Supplemental Revenue Augmentation Funds (SERAF), and the repayment of advances back to the City; these funds will be analyzed during the year in order to evaluate revenues and expenditure levels. Proprietary Funds. The City's proprietary funds provide the same type of information found in the government -wide financial statements, but in more detail. Enterprise Funds. Net assets of the enterprise fund totaled $572,710 which includes a small increase in net assets of $14,725 for the year ended June 30, 2011. Internal Service Funds. The City's internal service funds are an accounting device used to accumulate and allocate costs internally among the City's various functions. The City uses internal service funds to account for its self- insurance activities, including liability insurance, and workers' compensation insurance, vehicle operations and maintenance, and information services. As of June 30, 2011, net assets of the internal service funds had a deficit of $1,493,028 and a decrease in net assets of $1,010,034. The decrease in the current year's net assets resulted from a significant increase in the amount of reserves set -aside for the future payment of potential losses to the City; the increase in reserves is based on current activity. The services provided by the internal service funds have been allocated to governmental functions, based on user percentages, in the government -wide financial statements. General Fund Budgetary Highlights In the General Fund, differences between the original budget and the final amended budget resulted in a slight increase in appropriation of $315,000 attributable to the police budget. Capital Asset and Debt Administration Capital Assets. The City's investment in capital assets for its governmental activities amounts to $119,512,424 (net of accumulated depreciation of $122,754,321) as of June 30, 2011. This investment in capital assets includes land, buildings, improvements other than building, infrastructure (roads, sidewalks, streetlights, etc.), and machinery and equipment. After reflecting the adjustments to capital assets for adoption of GASB 34 (previously discussed), the total decrease in the City's investment in capital assets for the current fiscal year was $3,781,006 before depreciation. 12 City of Baldwin Park Management's Discussion and Analysis Year ended June 30, 2011 Capital Assets (Net of Accumulated Depreciation) June 30, 2011 and 2010 2011 2010 Capital assets, not being depreciated: Land $ 1,804,151 $ 1,194,139 Construction in progress 4,185,726 1,437,457 Total capital assets, not being depreciated 5,989,877 2,631,596 Capital assets, being depreciated: Buildings and improvements Equipment Vehicles and related equipment Infrastructure Total capital assets, being depreciated Less accumulated depreciation for: Buildings and improvements Equipment Vehicles and related equipment Infrastructure Total accumulated depreciation Total capital assets being depreciated, net Capital asset activity, net 31,906,756 9,144,897 4,372,184 190,853,031 236,276,868 11,347,572 7,300,705 3,930,439 100,175,605 122,754,321 31,906,756 8,149,532 4,519,356 190,853,030 235,428,674 10,815,512 7,050,224 3,699,637 93,201,467 114,766,840 113,522,547 120,661,834 $ 119,512,424 $ 123,293,430 Additional information on the City's capital assets can be found in note 7 to the basic financial statements of this report. Debt Administration. At the end of the current fiscal year, the City had total bonded debt outstanding of $41.818 million. Of this amount, $28,000 represents special assessment bonds to finance public works maintenance and improvement projects, $9.520 million represents lease revenue bonds, $9.720 million represents pension obligation bonds used to finance the unfunded liability of the safety retirement system, and $22.550 million represents tax allocation bonds issued for redevelopment projects. Reduction from last year was because of repayment of outstanding principal totaling $2.4 million. 13 City of Baldwin Park Management's Discussion and Analysis Year ended June 30, 2011 Outstanding Debt June 30, 2011 and 2010 Long -term debt June 30, 2011 and 2010 (amounts rounded to nearest 000's) 2011 Bonded Indebtedness: Certificates of participation Assessment district bonds Tax allocation and refunding bonds Pension obligation bonds Lease revenue bond Other long -term debt: Capital lease obligations Other post - employment benefits Compensated absences Los Angeles County deferrals Notes and loans payable Total 28,000 22, 550, 000 9,720,000 9,520,000 248,000 3,038,000 1,337,000 17, 969, 000 6,827,000 2010 125,000 54,000 23, 620, 000 10, 645, 000 9,740,000 515,000 1,985,000 1,316,000 17, 408, 000 7,385,000 $ 71,237,000 $ 72,793,000 State statutes limit the amount of general obligation debt a governmental entity may issue to 15 percent of its total assessed valuation. The current debt limitation for the City is $169,945,222 which is significantly in excess of the City's outstanding general obligation debt. Additional information on the City's long -term liabilities can be found in note 9 to the basic financial statements of this report. Economic Factors and Next Year's Budget In the last few years, the nation experienced the greatest recession since the last depression. This has impacted all local governments including our City. However, in the years before the recession, we were able to successfully strategize on ways to combat future negative trends while also improving organizational effectiveness and program efficiencies. Thus our reserves gradually increased allowing us to fair much better than surrounding cities that had to use their reserves. Having said that, the City experienced some challenges due to the recession; mainly, the City's revenues were lower compared to the 2010/2011 budget and the City has now adjusted its revenues for the 2011/2012 budget to reflect the current economy. Nevertheless, the City is experiencing some growth in its sales tax resulting from a new manufacturing business; these additional revenues are offsetting some of the decreases that were experienced in some areas. In addition, the City is continuing to attract businesses, which included the opening of a new 46,600 square foot Superior Grocers that opened within the 13 -acre shopping center located in the Central Business District Redevelopment Project Area and the opening of other businesses such as 3 Men's Suits, T- Mobile and Wells Fargo Bank. 14 City of Baldwin Park Management's Discussion and Analysis Year ended June 30, 2011 The biggest factor affecting us in 2011/2012 is the significant increase in CALPERS rates which forced the City to use its reserves to cover some of the increases; something it had not had to do in a very long time. We will be working diligently in 2012 to minimize any further use of reserves. Despite tough economic times, the City has continued its programs and the level of services it provides to the residents and the community. The performance of all programs has improved significantly and it is staff's endeavor to continue to improve overall city performance by continuing programs, encouraging business development programs and partnerships. The City is also implementing programs to promote healthy living through partnerships and outreach. The City intends to continue these programs in the next year while preserving and enhancing the safety and welfare of the community. Request for Information This financial report is designed to provide a general overview of the City's finances for readers of the financial statements. Questions concerning any of the information in this report or request for additional financial information should be addressed to the Department of Finance, 14403 E. Pacific Avenue, Baldwin Park, CA 91706. 15 ASSETS Unrestricted cash and investments Restricted cash and investments Total cash and investments Intergovernmental receivables Property taxes receivable Other receivables, net Loans receivable Prepaids Deferred charges Property held for resale, net Pension asset, net of amortization Capital assets not being depreciated Land Construction -in- progress Capital assets, net of accumulated depreciation Building and improvements Equipment Vehicles and related equipment Infrastructure Total assets LIABILITIES Accounts payable Accrued interest Accrued other liabilities Deposits Due to other governmental agencies Unearned revenues Long -term liabilities: Due within one year Due in more than one year Other post - employment benefits Insurance liabilities- current portion Insurance liabilities- long -term portion Total liabilities City of Baldwin Park Statement of Net Assets June 30, 2011 $ 39,427,835 2,674,564 42,102,399 5,007,209 732,935 80,818 6,948,387 71,552 374,750 5,965,898 7,964,763 $ 1,804,151 4,185,725 20,559,183 1,844,191 441,745 90,677,426 119,512,421 188,761,132 2,331,238 710,106 529,385 388,051 93,440 83,917 3,150,000 65,048,476 3,037,652 1,350,000 6,055,302 82,777,566 NET ASSETS Invested in capital assets, net of related debt 79,629,227 Restricted for debt service 2,931,195 Restricted for low/moderate income housing 10,910,245 Unrestricted 12,512,899 Total net assets $ 105,983,566 The notes to the financial statements are an integral part of these financial statements. 16 O d N �++ O V CO) � m O C O N L a a y C � O � L C. U' M ' L .a U � � O U y � C � C O C r� � � L L � C. ++ 0 C C U — N O ' ' Cl) y R LO (O (O N O N •� O I,- O � M Gl y G1 y O o0 11;1 C:)- Lo O C. 0 00 O O O LO O x C C a N OP- M O W OM, M (O L— `. — M `. M 0 0 Z •- M Z a a y C � O � L C. U' M ' L .a U � � O U y � C � C O C r� � � L L � C. ++ 0 C C U — N O ' ' Cl) ,t N E � O 00 00 (O N (O Nt Cl) Cl) 00 N co co d � • U � M I� M N LO O I, O O O (O O 00 O r- O r- ' V M O O N I,- M I,- — — U, L O M O M M LO y _ NN O (O I- O y •— co Il- r%- N O Cl) > O LO LO O O N U y Il_ N O O (O In y O (O O MI�t O Nt y " O M M Lr C 00 (O Cl) 00 I%- LO O y O I%- M LO O C. -,t I-- L O � M LO - - M LO — W y U C V% L y ++ N d d °> > E N O E '> N Q N U L > L ``O r N O y w OL 0 0 y N Y 0 as � C E 0C�aaU�S Il (9 w II- LO LO N O M O O 00 N LO O O O LO M: O M w w O w� N O LO 00 In M 00 O (O � I,- 00 I LO I Id- Id- M O O M M Id- � (O I,- � N N O M— M M LO LO N N N CD M Q9 y y fn N x ai C x E ai > > x a x y x N y C U L ++ y Q O C' N fn L L O x ca =_ c �dinHLL 0 y 5 0 C7 M OINK NI(O 00 O 00 00 (O O 00 00 O LO LO 00 MINIM LoIM 00 00 I,- N LO co O M co LO � O FIN CD CD Q9 fn E N �• y y d � • U r0+ C N •- d Q > fn d O f3 '� L N y C C. f/1 C fn � _ rte+ O y y O H Q cm r C O C .- L C i aI O O tm 'a L O y y U •� � f3 fC fA Z Z ti ASSETS Pooled cash and investments Cash and investments with fiscal agents Property taxes receivable Intergovernmental receivables Loans receivable Other receivables, net Due from other funds Prepaids Advances to other funds Property held for resale, net Special Revenue 55,157 Housing and Low/ Community Moderate Development Future Income General Grant Development Housing $ 5,546,416 55,157 10,449,263 710,190 244,941 7,621 - 1,408,435 572,814 58 - 4,305,494 2,462,340 15,309 74 8,784 - 204,480 1,772,597 20,987 23,280 - 17,682,749 278,300 - - - - 5,965,898 Total assets $ 24,918,837 5,384,442 10,449,263 10,919,867 LIABILITIES AND FUND BALANCES Liabilities Accounts payable Accrued liabilities Deposits Due to other funds Advances from other funds Due to other governmental agencies Deferred revenue Total liabilities Fund balances Nonspendable Loans receivable Advances to other funds, net of accrued interest Prepaid items Property held for resale Restricted Lowand moderate income housing projects Special revenue funds Debt service funds Capital projects funds Committed to Economic development fund 10% budget stabilization fund Unrestricted $ 402,836 55,157 229 518,765 7,621 2,998 386,857 582,202 6,395 - 93,440 - 6,533,226 4,305,494 2,462,339 7,841,684 5,043,914 2,471,961 11,149,523 278,300 20,987 23,280 - - - 5,965,898 2,477,618 - - 2,482,008 38,948 10,449,263 - Unassigned 3,429,025 - - - Total fund balances 17,077,153 340,528 10,449,263 8,447,906 Total liabilities and fund balances $ 24,918,837 5,384,442 10,449,263 10,919,867 18 City of Baldwin Park Balance Sheet Governmental Funds June 30, 2011 Debt Service Capital Project Other Redevelopment Redevelopment Governmental Agency Agency Funds Totals 733,648 195,627 17,761,929 $ 35,397,073 986,434 - 1,688,130 2,674,564 350,490 137,504 - 732,935 - - 3,025,902 5,007,209 - 17,661,049 180,553 6,948,387 - - 17,640 41,807 1,608,275 857,777 - 4,443,129 - 544 8,123 52,934 - - 17,961,049 - - - 5,965,898 3,678,847 1,191,452 22,682,277 $ 79,224,985 50,825 7,815 1,670,454 $ 2,187,316 - - - 529,384 - - 386,250 386,250 1,936,663 1,813,481 1,343,315 6,068,913 300,000 17,661,049 - 17,961,049 - - - 93,440 - - 264,471 13,565,530 2,287,488 19,482,345 3,664,490 40,791,882 180,553 180,553 - - 11,427,823 544 8,123 52,934 - - 5,965,898 - - 2,482,008 15,744,881 26, 233,092 1,391,359 1,537,862 2,929,221 - 12,408 12,408 1,662,234 1,662,234 - 2,477,618 - (18,291,437) (128,274) (14,990,686) 1,391,359 (18,290,893) 19,017,787 38,433,104 3,678,847 1,191,452 22,682,277 $ 79,224,985 The notes to the financial statements are an integral part of these financial statements. 19 (This page intentionally left blank.) 20 City of Baldwin Park Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Assets June 30, 2011 Amounts reported for governmental activities in the statement of net assets are different because: Total fund balances $ 38,433,103 Deferred charges represent costs associated with the issuance of long -term debt, which are deferred and amortized over the life of the debt. The costs are reported as expenditures of current financial resources in the governmental funds. 374,750 Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the funds: Governmental capital assets $ 242,266,746 Less accumulated depreciation (122,754,325) 119,512,421 Loans receivable not expected to be collected in the current period are offset by unearned revenue in the funds. They have been recognized and are in net assets in the government -wide financial statements. 6,479,508 Accrued interest on long -term debt is not due and payable in the current period and is not reported in the funds. (710,106) Certain revenues in the governmental funds are deferred because they are not collected within the prescribed time period after year -end. Those revenues are recognized on the accrual basis in the government -wide statements. Unearned interest income on advances for administrative expenses $ 6,533,226 Interest on Low /Moderate Income Housing agreement 468,879 7,002,105 Long -term liabilities, including bonds payable, are not due and payable in the current period and therefore, are not reported in the funds. Tax allocation bonds $ (22,550,000) Lease revenue bonds (9,520,000) Improvement bonds (28,000) Pension obligation bonds (9,720,000) Notes payable (6,827,490) Compensated absences (1,336,773) Other postemployment benefits (3,037,652) County deferral (17,968,616) Capital lease obligations (247,597) (71,236,128) Payment of unfunded pension liabilities are expenditures at the fund level but are deferred and subject to capitalization and amortization on the government wide statement of net assets 7,964,763 Internal service funds are used by management to charge the costs of information systems, insurance charges and fleet services to individual funds. The assets and liabilities of internal funds are included in governmental activities in the statement of net assets. Unrestricted net asset of the Internal Service Funds (1,906,483) Enterprise fund represents housing for low- income elderly tenants. Since the purpose of the fund corresponds with other governmental activities, the assets and liabilities of the enterprise fund are included in governmental activities in the statement of net assets. Unrestricted net asset of the Enterprise Fund 69,633 Net assets of governmental activities $ 105,983,566 The notes to the financial statements are an integral part of these financial statements. 21 Revenues Taxes Licenses and permits Fines, forfeitures and penalties Use of money and property Intergovernmental Charges for services Other Total revenues Expenditures Current: General government Public safety Public works Community development Recreation services Capital outlay: Public works Community development Debt service: Principal retirement Interest and fiscal charges Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses) Gain on sale of properties Transfers in Transfers out Net other financing sources (uses) Change in fund balances before special item Special items Gain on sale of properties Items related to payment of loans Items related to future developments Net special items Change in fund balances Beginning fund balances Ending fund balances 2,232,004 Special Revenue 16,007,714 40,445 - Housing and Low/ 850,585 Community Moderate 76,327 - Development Future Income General Grant Development Housing 340,528 10,449,263 8,447,906 $ 19,620,872 1,195,903 559,605 - 1,421,252 - - 336,705 17,618 83,830 557,261 1,677,505 - 1,507,339 - - 73,943 115,343 49,244 24,076,977 1,810,466 1,328,977 2,232,004 100,560 79,518 16,007,714 40,445 - 237,123 56,820 - 850,585 897,208 147,883 3,020,617 76,327 - - 6,980 16.709 - - - 6,715 22, 364, 752 1,178, 340 234,116 1,712,225 632,126 1,094,861 32,694 (1,085,151) (499,167) (1,052,457) (499,167) - 659,768 132,959 1,094,861 4,988,913 383,889 - (7,874,255) 10,449,263 (2,501,453) 10,449,263 - (1,841,685) 132,959 10,449,263 1,094,861 18,918,838 207,569 - 7,353,045 $ 17,077,153 340,528 10,449,263 8,447,906 The notes to the financial statements are an integral part of these financial statements. 22 City of Baldwin Park Statement of Revenues, Expenditures and Changes in Fund Balances Governmental Funds Year ended June 30, 2011 Debt Service Capital Project Other Redevelopment Redevelopment Governmental Agency Agency Funds Totals 5,311,844 2,653,210 $ 28,781,829 - 24,330 583,935 - - 320,689 1,741,941 9,799 12,438 102,730 563,120 - - 14,913,701 17,148,467 - - 393,268 1,900,607 231,531 16,290 1,738,314 2,224,665 5,553,174 28,728 20,146,242 52,944,564 259,768 399,549 3,071,399 - 1,084,163 17,132,322 - - 5,066,073 5,360,016 3,248,905 289,535 5,436,774 10,870,890 - - 1,106,109 4,203,053 5,264,270 5,271,250 - 16,709 1,070,000 - 1,854,000 2,924,000 1,458,367 90,070 1,393,476 2,948,628 5,777,272 639,373 21,604,414 51,798,267 (224,098) (610,645) (1,458,172) 1,146,297 - 522,745 - 522,745 577,095 1,403,414 3,307,009 5,320,212 (1,941,668) - (1,794,226) (5,320,212) (1,364,573) 1,926,159 1,512,783 522,745 (1,588,671) 1,315,514 54,611 1,669,042 4,988,913 383,889 (2,575,008) (2,575,008) 5,372,802 (1,588,671) 1,315,514 (2,520,397) 7,041,844 2,980,030 (19,606,407) 21,538,184 31,391,260 1,391,359 (18,290,893) 19,017,787 $ 38,433,104 The notes to the financial statements are an integral part of these financial statements. 23 City of Baldwin Park Reconciliation of the Governmental Funds Statement of Revenues, Expenditures and Changes In Fund Balances to the Statement of Activities Year ended June 30, 2011 Amounts reported for governmental activities in the statement of activities are different because: Change in fund balance - governmental funds $ 7,041,844 Governmental funds report capital outlay as expenditures. In the statement of governmental funds. activities the cost of those assets is allocated over their estimated useful lives as Change in accrued interest on long -term debt $ depreciation expense. Compensated absences Capital outlay $ 4,353,649 Depreciation expense (7,711,914) (3,358,265) Revenues in the statement of activities that do not provide current financial of the internal service funds is reported with governmental activities. resources are not reported as revenues in the governmental funds. Enterprise fund represents housing for low- income elderly tenants. Since the Unearned interest income on advances for administrative expenses (397,767) Interest on Low /Moderate Income Housing agreement 47,290 (350,477) Long -term debt proceeds provide current financial resources to governmental Change in net assets of governmental activities funds, but issuing debt increases long -term liabilities in the statement of net assets. Costs associated with the issuance of long -term debt are reported as expenditures in the governmental funds, but deferred and amortized throughout the period during Mich the related debt is outstanding in the statement of net assets. Repayment of debt principal is an expenditure in the governmental funds, but the repayment reduces long -term liabilities in the statement of net assets. Principal repayment of capital lease obligation $ 12,538 County deferral received (560,619) Amortization of deferred costs of issuance (41,884) Principal repayments of notes payable 558,000 Principal repayments of bonds 2,366,000 2,334,035 Some expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in the governmental funds. Accrual of other postemployment benefits (1,052,857) Payment of unfunded pension liabilities are expenditures at the fund level but are deferred and subject to capitalization and amortization on the government wide statement of net assets (1,137,824) Repayment of long -term receivables are treated as revenue in governmental funds, but the repayment reduces the long -term receivables in the statement of net assets. (229,251) Issuance of long -term receivables are treated as expenditures in governmental funds but are treated as increases in receivables in the statement of net assets 293,418 Some expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in the governmental funds. Change in accrued interest on long -term debt $ 32,877 Compensated absences (20,757) 12,120 Internal service funds are used by management to charge the costs of information systems, insurance charges and fleet services to individual funds. The net income of the internal service funds is reported with governmental activities. (1,010,034) Enterprise fund represents housing for low- income elderly tenants. Since the purpose of the fund corresponds with other governmental activities, the net loss of the enterprise fund is included in governmental activities. (14,725) Change in net assets of governmental activities $ 2,527,984 The notes to the financial statements are an integral part of these financial statements. 24 ASSETS Current assets Pooled cash and investments Accounts receivable Interest receivable Due from other funds Prepaid expenses Total current assets Noncurrent assets Capital assets: Equipment Less accumulated depreciation Net capital assets Total noncurrent assets LIABILITIES City of Baldwin Park Statement of Net Assets Proprietary Funds June 30, 2011 Governmental Activities Enterprise Internal Fund Service Funds $ 72,957 1,512 74,469 855,831 (352,754) 503,077 503,077 Total assets 577,546 Current liabilities Accounts payable Current portion of capital lease obligations Current portion of insurance liabilities Tenant security deposits Total current liabilities Noncurrent liabilities Capital lease obligations Workers' compensation liability General insurance liability Unemployment insurance liability Disability insurance liability Total noncurrent liabilities 3,035 $ 3,957,805 33,616 3,883 1,625,784 18,618 5,639,706 6,917,948 (6,256,896) 661,052 661,052 6,300,758 140,887 146,889 1,350,000 1,801 - 4,836 1,637,776 Total liabilities 4,836 100,708 5,022,899 937,403 20,000 75,000 6,156,010 7,793,786 NET ASSETS Invested in capital assets, net of related debt 503,077 413,455 Unrestricted 69,633 (1,906,483) Total net assets $ 572,710 $ (1,493,028) The notes to the financial statements are an integral part of these financial statements. 25 City of Baldwin Park Statement of Revenues, Expenses and Changes in Fund Net Assets Proprietary Funds Year ended June 30, 2011 Operating revenues Charges for services Other Governmental Activities Enterprise Internal Fund Service Funds $ 915 $ 4,129,727 31,902 200,924 Total operating revenues 32,817 4,330,651 Operating expenses Maintenance and operations Internal service charge Provision for insurance claims Depreciation Lease and equipment purchase Personnel services Contractual services Interest expense Total operating expenses Operating income (loss) Nonoperating income (loss) 30,459 667,454 - 126,900 5,100 2,948,486 11,983 377,436 - 126,406 - 601,389 - 468,984 - 17,795 47,542 5,334,850 (14,725) (1,004,199) Loss on sale of capital assets - (22,307) Interest income - 16,472 Total nonoperating income (loss) - (5,835) Change in net assets (14,725) (1,010,034) Total net assets - beginning 587,435 (482,994) Total net assets - ending $ 572,710 $ (1,493,028) The notes to the financial statements are an integral part of these financial statements. 26 Cash flows from operating activities Receipts from tenants, customers and users Payments to suppliers Payments to employees Payments for insurance Net cash provided by (used in) operating activities Cash flows from capital and related financing activities Proceeds from sale of capital assets Reduction in capital lease obligations Net cash used in capital and related financing activities Cash flows from non - capital financing activities Interfund advances Net cash provided by (used in) non - capital financing activities Cash flows from investing activities Interest received Change in cash and cash equivalents Beginning cash and cash equivalents Ending cash and cash equivalents Reconciliation of operating income (loss) to net cash provided by (used in) operating activities: Operating income (loss) Adjustments to reconcile operating income (loss) to net cash provided by (used in) operating activities: Depreciation (Increase) decrease in accounts receivable Increase (decrease) in accounts payable Increase in prepaid expenses Increase in insurance liabilities Net cash provided by (used in) operating activities Supplemental schedule of noncash investing and financing activities Equipment acquired through capital lease City of Baldwin Park Statement of Cash Flows Proprietary Funds Year ended June 30, 2011 Governmental Activities Enterprise Internal Gii 4 Ccrvinc GiinrJc $ 32,815 $ 4,317,564 (16,174) (1,763,281) (17,419) (341,654) - (1,741,552) (778) 471,077 - 11,021 - (254,478) - (243,457) (61) 774,418 (61) 774,418 - 17,543 (839) 1,019,581 73,796 2,938,224 $ 72,957 $ 3,957,805 $ (14,725) $ (1,004,199) 11,983 377,436 - (13,087) 1,964 (95,487) - (520) - 1,206,934 $ (778) $ 471,077 $ 126,406 $ 122,027 The notes to the financial statements are an integral part of these financial statements. 27 Assets Pooled cash and investments Interest receivable Liabilities Accounts payable Deposit accounts: Canine donation Crime prevention Explorer Leagues, etc. Other Miscellaneous trust Court cost fees Contingecy deposits Engineering trust Police donations Bicycle Rodeo Donations Inmate welfund Offsite improvement bond Police foundation Pride program Police training SW rnteam/Interpreting Family impact /Domestic violence Family impact Revolving nuisance abatement Street signs Fingerprints - clients NPDES Refundable Deposit City of Baldwin Park Fiduciary Funds Statement of Fiduciary Assets and Liabilities June 30, 2011 $ 549,737 518 Total $ 550,255 Total $ 16,235 1,688 8,899 1,140 22,414 6,109 41,067 32 17,910 183,707 50 472 48,055 5,381 42,385 11,019 43,575 57,133 21,563 1,553 4,600 2,911 4,876 1,666 5,815 $ 550,255 The notes to the financial statements are an integral part of these financial statements. 28 City of Baldwin Park Notes to Financial Statements Year ended June 30, 2011 NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Reporting Entity The reporting entity "City of Baldwin Park" includes the financial activities of the Baldwin Park Redevelopment Agency, the Baldwin Park Housing Authority and the Baldwin Park Public Financing Authority, as well as the City. Although these entities are legally separate from each other, they are included within the scope of the reporting entity. The inclusion of an organization within the City of Baldwin Park reporting entity is based on the provisions of GASB Statement 39. These organizations are legally separate entities for which the City of Baldwin Park is financially accountable. The governing body of these organizations is substantially the same as the City Council. As a result, the financial statements of the individual component units described below are blended with the City's financial statements. Separate financial statements are available for the Baldwin Park Redevelopment Agency and can be obtained at Baldwin Park City Hall. Separate financial statements are not prepared for the Baldwin Park Housing Authority or the Baldwin Park Financing Authority. The City of Baldwin Park (the City), incorporated on January 25, 1956, is a general law city, which operates under a Council -Chief Executive Officer form of government. The City Council appoints the City Attorney, the Chief Executive Officer, and five department heads. Currently, the City is managed by an Executive Team. The Executive Team is composed of the Chief Executive Officer and six department heads. The City provides a broad range of services to its citizens, which include police protection, street construction and maintenance, parks and recreation, public improvements, planning and zoning, housing and community development and general and administrative support services. The Baldwin Park Community Development Commission (the Redevelopment Agency), formerly known as Baldwin Park Redevelopment Agency, was established on November 27, 1974, pursuant to the Health and Safety Code of the State of California. The Agency's purpose is to prepare and carry out plans for the improvement, rehabilitation and development of blighted areas within the boundaries of the City. There are currently two approved project areas. The Baldwin Park Housing Authority (the Housing Authority) was established on October 27, 1977 pursuant to the Health and Safety Code of the State of California. The Housing Authority's purpose is to oversee the administration of federally funded housing assistance programs. These programs are designed to provide affordable housing opportunities for low and moderate income residents of the cities of Baldwin Park, West Covina, Monrovia and South El Monte. The Baldwin Park Public Financing Authority (the Financing Authority) was established on April 6, 1988 between the City of Baldwin Park and the Baldwin Park Redevelopment Agency by execution of a joint exercise of powers agreement. The Financing Authority is governed by a five - member board consisting of the City Council. The Financing Authority's purpose is to acquire, finance, construct, manage and maintain or operate certain public capital improvements. 29 City of Baldwin Park Notes to Financial Statements Year ended June 30, 2011 NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) The City's financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America as applied to governmental agencies. The Governmental Accounting Standards Board (GASB) is the accepted standard - setting body for establishing governmental accounting and financial reporting principles. The City's more significant accounting policies are described below. Government -wide and Fund Financial Statements The statement of net assets and statement of activities (i.e., the government -wide financial statements) display information on all of the non - fiduciary activities of the primary government (the City) and its blended component units. Eliminations have been made to minimize the effect of interfund activity. Interfund services provided and used are not eliminated in the process of consolidation. These statements distinguish between the City's governmental and business -type activities. Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business -type activities, which rely to a significant extent on fees charged to external parties. The City reports its enterprise fund under governmental activities in the government -wide financial statements because the purpose of the fund corresponds with governmental activities and it is only partially self - supporting. Therefore, the City does not currently report any business -type activities. The statement of activities presents a comparison between direct expenses and program revenues for each function of the City's governmental activities and for each segment of the City's business -type activities. Direct expenses are those that are specifically associated with a program or function and are clearly identifiable to a particular function. Program revenues include 1) charges paid by the recipient of goods or services offered by the programs and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular program. Revenues that are not classified as program revenues, including all taxes, are presented as general revenues. Proprietary funds distinguish operating revenues and expenses from non - operating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund's ongoing operations. The principal operating revenues of the City's proprietary funds are charges to customers for sales and services. Operating expenses for proprietary funds include cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as non - operating revenues and expenses. When both restricted and unrestricted net assets are available for use, the City's policy is to use restricted resources first, then the unrestricted resources as they are needed. 30 City of Baldwin Park Notes to Financial Statements Year ended June 30, 2011 NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) The accounts of the City of Baldwin Park (the City) are organized on the basis of funds, each of which is considered a separate accounting entity with a self - balancing set of accounts established for the purpose of carrying out specific activities or attaining certain objectives in accordance with applicable regulations, restrictions or limitations. Separate financial statements are provided for governmental funds, proprietary funds, and fiduciary funds, even though the last is excluded from the government -wide financial statements. Major individual governmental funds and major individual enterprise funds are reported as separate columns in the fund financial statements. All remaining governmental and enterprise funds are separately aggregated and reported as nonmajor funds. Measurement Focus, Basis of Accounting and Financial Statement Presentation The government -wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting, as are the proprietary fund and fiduciary fund financial statements. Revenues are recognized when earned and expenses are recognized when the liabilities are incurred regardless of the timing of related cashflows. Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. The City considers taxes and assessments associated with the current fiscal period to be available if they are collected within 60 days of the end of the current fiscal period. All other revenue items are considered to be measurable and available only when the City receives cash. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures are recorded only when payment is due. Private sector standards of accounting and financial reporting issued prior to December 1, 1989, are generally followed in both the government -wide and proprietary fund financial statements to the extent that those standards do not conflict with or contradict guidance of the Governmental Accounting Standards Board. Governments also have the option of following subsequent private- sector guidance for their business -type activities and enterprise funds, subject to this same limitation. The City has elected not to follow subsequent private- sector guidance. 31 City of Baldwin Park Notes to Financial Statements Year ended June 30, 2011 NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) The City reports the following major governmental funds: General Fund - The General Fund is the City's general operating fund. It is used to account for all financial resources, except those required to be accounted for in other funds. Special Revenue Funds - The Special Revenue Funds are used to account for the proceeds of specific revenue sources (other than those for Capital Projects Funds) that are legally restricted to expenditures for special purposes. Major special revenue funds are: Housing and Community Accounts for revenues from the Department of Development Grant Fund Housing and Urban Development. These revenues must be expended to accomplish one of the following objectives: elimination of slum or blight, be of benefit to low and moderate income persons, or meet certain urgent community needs. The fund includes revenues from the BLOCK and HOME programs. Low/Moderate Income Accounts for monies set aside in accordance with Housing Fund Community Redevelopment Law for the provision of affordable housing for low and moderate income persons and families. Future Development This fund is to account for monies set -aside for economic development projects. Debt Service Funds - The Debt Service Funds are used to account for the accumulation of resources for, and the payment of, general long -term debt, including special assessment debt with governmental commitment. Redevelopment Agency Accounts for the receipt of resources and payment of Debt Service Fund debt incurred to develop the redevelopment project areas. Capital Project Funds - used to account for financial resources to be used for the acquisition or construction of major capital facilities. Redevelopment Agency This fund is used to account for financial resources to Capital Project Fund be used for the acquisition or construction of major capital facilities in the redevelopment project areas. Additionally, the City reports the following fund types: Governmental Funds Description for Special Revenue funds and Debt Service fund can be found on pages 67 to 69. Proprietary Funds Enterprise Fund - The Enterprise Fund is used to account for a 12 -unit complex occupied by elderly low- income tenants, who pay monthly rents to the City. 32 City of Baldwin Park Notes to Financial Statements Year ended June 30, 2011 NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) Internal Service Funds - The Internal Service Funds are used to account for the financing of goods or services provided by one City department to the other departments or agencies on a cost reimbursement basis. These funds account for the revenues and expenses of the City's Fleet Services, Information Services and Internal Insurance. Fiduciary Funds Agency Funds - The Agency Funds are used to account for assets held by the City in a trustee capacity or as an agent on behalf of employees, individuals, private organizations, other governments or other funds. These funds include resources held for seized assets, police training, donations for others, etc. Agency funds, which are custodial in nature, do not involve measurement of results of operations. Financial Statement Elements Cash and Investments Investments are stated at fair value, the value at which a financial instrument could be exchanged in a current transaction between willing parties other than a forced or liquidation sale. The City pools all nonrestricted cash for investment purposes. Interest income earned on pooled cash is allocated quarterly to the various funds based on their month -end cash balances. Interest income from restricted cash is allocated directly to the fund earning the income. Property Taxes The County of Los Angeles has the responsibility for property tax and assessment levies and collections. The County's property tax calendar is July 1 to June 30. Property taxes are an enforceable lien on the property as of the preceding January 1. Property tax bills, which include assessments, are levied June 30 and are due in equal installments on November 1 and February 1 of each property tax year. The City records property tax assessment revenues upon receipt or anticipated receipt from the County. Property taxes receivable reported in the fund statements are not offset by deferred revenues because they are collectable within 60 days of fiscal year end. Receivables and Payables Property, sales, use and utility user taxes related to the current fiscal year are accrued as revenue and accounts receivable and considered available if received within 60 days of year -end. Federal and State grants are considered receivable and accrued as revenue when reimbursable costs are incurred under the accrual basis of accounting in the government -wide statement of net assets. The amount recognized as revenue under the modified accrual basis of accounting is limited to the amount that is deemed measurable and collectable. Earned but unbilled revenue is recognized as revenue and accounts receivable in the enterprise funds. Interfund Transactions Interfund transactions are reflected as either loans, services provided, reimbursements or transfers. Loans are reported as receivables and payables as appropriate, are subject to elimination upon consolidation and are referred to as either "due to /from other funds" (i.e., the current portion of interfund loans) or 33 City of Baldwin Park Notes to Financial Statements Year ended June 30, 2011 NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) "advances to /from other funds" (i.e., the noncurrent portion of interfund loans). Any residual balances outstanding between the governmental activities and the business - type activities are reported in the government -wide financial statements as "internal balances ". Advances between funds, as reported in the fund financial statements, are offset by a nonspendable fund balance account applicable governmental funds to indicate that they are not available for appropriation and are not available financial resources. Services provided, deemed to be at market or near market rates, are treated as revenues and expenditures /expenses. Reimbursements are when one fund incurs a cost, charges the appropriate benefiting fund and reduces its related cost as a reimbursement. All other interfund transactions are treated as transfers. Transfers between governmental and proprietary funds are netted as part of the reconciliation of the government -wide presentation. Restricted Assets Certain proceeds of debt issues, as well as certain resources set aside for their repayment, are classified as restricted assets on the balance sheet because their use is limited by applicable bond covenants. Capital Assets Capital assets, which include land, buildings, improvements, vehicles, furniture, equipment and infrastructure assets (e.g., roads, bridges, curbs and gutters, sidewalks and lighting and drainage systems) are reported in the applicable governmental or business -type activities column in the government -wide financial statements. Capital assets are recorded at historical cost or estimated cost, if historical cost is not available. Contributed assets are recorded at their estimated fair value at the time received. The costs of normal maintenance and repairs that do not add value to the asset or materially extend lives are not capitalized. Capital assets are depreciated using the straight -line method over the following estimated useful lives: Building 60 years Machinery and equipment 3 to 20 years Vehicles and related equipment 5 to 15 years Roadway network 20 to 50 years Commuter rail network 50 years Sewer network 60 years Storm drain network 50 years It is the City's policy to capitalize all land, building, improvements, equipment and infrastructure assets, except assets costing less than $5,000. Interest incurred during the construction phase of capital assets of business -type activities is reflected in the capitalized value of the asset constructed, net of interest earned on the invested proceeds over the same period. Costs of assets sold or retired (and related amounts of accumulated depreciation) are eliminated from the accounts in the year of sale or retirement and the resulting gain or loss is included in the operating statement of the related activity. In governmental funds, the sale of general capital 34 City of Baldwin Park Notes to Financial Statements Year ended June 30, 2011 NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) assets is included in the statement of revenues, expenditures and changes in fund balances as proceeds from sale. Provision for depreciation of capital assets is computed using the straight -line method. Property Held for Resale Property held for resale is recorded at the lower of cost or fair value. A corresponding nonspendable fund balance account is recorded which indicates the asset does not represent available expendable resources. Compensated Absences It is the City's policy to record the liability for employees vested earned vacation, compensatory time off, etc. All vacation pay is accrued when incurred in the government -wide and proprietary fund financial statement. A liability for these amounts is reported in governmental funds only if they have matured, for example, as a result of employee resignations and retirements. The City does not provide for the vesting of sick leave; therefore, no liability has been recorded. Self- Insurance Programs The City has initiated self- insurance programs for long -term disability and unemployment insurance claims. In addition, the City maintains a cash reserve to provide for the per- occurrence deductible on property damage, workers' compensation and general liability claims of $10,000, $500,000 and $300,000, respectively. These activities are accounted for in the Internal Insurance Service Fund. Operating revenues are primarily user charges to other funds and are planned to match estimated payments resulting from self- insurance programs, operating expenses and reinsurance premiums. The fund accrues the estimated liability for claims when such amounts are reasonably determinable and where the liability is probable. Further, the fund sets up a cash reserve for these known claims as well as for the estimated liability for such claims expected to be filed for incidents, which had occurred as of June 30, 2011. The calculation is based on ten -year historical trend analysis. The City is a member of the Independent Cities Risk Management Authority (ICRMA), a joint powers authority formed to provide liability insurance coverage for independent cities. Under the terms of the agreement with ICRMA, the City is insured for liability losses in excess of the $300,000 Self- Insurance Retention (SIR), with a liability limit of $2,000,000 per occurrence and workers' compensation losses in excess of the $300,000 Self- Insured Retention (SIR), with a liability limit of $1,000,000 per any one loss (see Note 16). Deferred Revenues Deferred revenues in governmental funds arise when potential revenue does not meet both the "measurable" and "available" criteria for recognition in the current period. 35 City of Baldwin Park Notes to Financial Statements Year ended June 30, 2011 NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) Unearned revenues In the government -wide financial statements, unearned revenues arise when the City receives resources before it has a legal claim to them (e.g., when grant monies are received prior to the incurrence of qualifying expenditures). Long -term Obligations In the government -wide financial statements and proprietary fund types in the fund financial statements, long -term debt and other long -term obligations are recorded as liabilities in the applicable governmental activities, business -type activities, or proprietary fund type statement of net assets. Bond premiums and discounts, if applicable, are deferred and amortized over the life of the bonds using the effective interest method. Bonds payable are reported net of the applicable bond premium or discount. Bond issuance costs are reported as deferred charges and amortized over the life of the related debt using the straight -line method. In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual net proceeds received, are reported as debt service expenditures. Fund Balance In fiscal year 2010 -11, the City of Baldwin Park adopted Governmental Accounting Standards Board (GASB) Statement No. 54, Fund Balance Reporting and Government Fund -type Definitions. Fund balance is the difference between the assets and liabilities reported in the City's governmental funds. There are generally limitations on the purpose for which all or a portion of the resources of a governmental fund may be used. The force behind these limitations can vary significantly, depending upon their source. Consequently, the fund balance reported in the annual financial statements is categorized into five components whereby each component identifies the extent to which the City is bound to honor constraints on the specific purposes for which amounts in the fund can be spent. The five components of fund balance are as follows (See Note 11): • Nonspendable: Resources that are 1) not in spendable form, such as inventories, prepaids, long -term receivables, or non - financial assets held for resale, or 2) required to be maintained intact such as an endowment. • Restricted: Resources that are subject to externally enforceable legal restrictions; these restrictions would be either 1) externally imposed by creditors (such as through debt covenants), grantors, contributors, or laws or regulations of other governments or 2) imposed by law through constitutional provisions or enabling legislation. • Committed: Resources that are constrained to specific purposes by a formal action of the City Council such as an ordinance or resolution. The constraint remains binding unless removed in the same formal manner by the City Council. Council action to commit fund balance must occur within the fiscal reporting period while the amount committed may be determined subsequently. 36 City of Baldwin Park Notes to Financial Statements Year ended June 30, 2011 NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) • Assigned: Resources that are constrained by the City's intent to be used for specific purposes, but that are neither restricted nor committed. • Unassigned: Within the General Fund, the residual resources, either positive or negative, in excess of what can be properly classified in one of the other four fund balance categories. Within all other governmental funds, the negative residual resources in excess of what can be properly classified as nonspendable, restricted, or committed. Statement of Cash Flows For purposes of the statement of cash flows, cash equivalents are defined as investments with original maturities of 90 days or less, which are readily convertible to known amounts of cash and not subject to significant changes in value from interest rate fluctuations. The City considers all pooled cash and investments (consisting of cash and investments and restricted cash and investments) held by the City as cash and cash equivalents because the pool is used essentially as a demand deposit account from the standpoint of the funds. The City also considered all non - pooled cash and investments (consisting of cash with fiscal agent and restricted cash and investments held by fiscal agent) as cash and cash equivalents because investments meet the criteria for cash equivalents defined above. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those estimates. NOTE 2 NET ASSETS /FUND BALANCES The governmental activities and business -type activities in the government -wide financial statements utilize a net assets presentation. Net assets are categorized as invested in capital assets (net of related debt), restricted and unrestricted. Invested in capital assets, net of related debt — This category groups all capital assets, including infrastructure, into one component of net assets. Accumulated depreciation and the outstanding balances of debt that are attributable to the acquisition, construction or improvement of these assets reduce the balance of this category. • Restricted net assets — This category presents external restrictions imposed by creditors, grantors, contributors, laws or regulations of other governments and restrictions imposed by law through constitutional provisions or enabling legislation. Unrestricted net assets — This category represents the City's net assets, which are not restricted for any project or other purpose. 37 NOTE 3 NOTE 4 City of Baldwin Park Notes to Financial Statements Year ended June 30, 2011 STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY Deficit Fund Balance The following funds have deficit fund balances or net assets at June 30, 2011. Management expects to eliminate the deficits with subsequent revenue in the funds or transfers from the General Fund. Major Fund Redevelopment Agency Capital Project $ 18,290,893 Nonmajor Funds Nonmajor proprietary funds: Internal Insurance 1,992,152 Total funds $ 20,283,045 CASH AND INVESTMENTS At June 30, 2011, the City's cash and investments consist of: The City follows the practice of pooling cash and investments of all funds, except for funds required to be held by outside fiscal agents under the provisions of bond indentures. Interest income is allocated quarterly to the various funds based on monthly balances. Interest income from cash and investments with fiscal agents is credited directly to the related fund. Investment Policy The City's investment policy outlines the guidelines required to be used in effectively managing the City's available cash in accordance with the California Government Code. Summarized below are the investment vehicles that are authorized and certain provisions of the policy that address interest rate risk and concentration of credit risk. 38 Government -wide Fiduciary Fund Statement of Statement of Net assets Net Assets Total Unrestricted assets Cash and investments $ 39,427,835 $ 549,737$ 39,977,572 Restricted assets Cash and investments with fiscal agent 2,674,564 - 2,674,564 Total cash and Investments $ 42,102,399 $ 549,737 $ 42,652,136 Cash and investments at June 30, 2011 consisted of the following: Cash on hand $ 833 Deposits with financial institutions 4,839,965 Investments 37,811,338 Total cash and investments $ 42,652,136 The City follows the practice of pooling cash and investments of all funds, except for funds required to be held by outside fiscal agents under the provisions of bond indentures. Interest income is allocated quarterly to the various funds based on monthly balances. Interest income from cash and investments with fiscal agents is credited directly to the related fund. Investment Policy The City's investment policy outlines the guidelines required to be used in effectively managing the City's available cash in accordance with the California Government Code. Summarized below are the investment vehicles that are authorized and certain provisions of the policy that address interest rate risk and concentration of credit risk. 38 City of Baldwin Park Notes to Financial Statements Year ended June 30, 2011 NOTE 4 CASH AND INVESTMENTS (CONTINUED) Cash and Investments with Fiscal Agents - The City has monies held by trustees or fiscal agents pledged to the payment or security of certain notes, bonds and certain construction projects. Money market mutual funds may be purchased as allowed under California Government Code. Only funds holding U.S. Treasury or Agency obligations can be utilized. Interest Rate Risk Interest rate risk, as defined under Governmental Accounting Standards Board (GASB) Statement No. 40, is the risk that changes in interest rates will adversely affect the fair value of an investment. Most of the City's investments are held in trust by the fiscal agents as required by the bond indenture. The following table summarizes the distribution of the City's investments according to maturity at June 30, 2011. Pooled cash and investments Unrestricted cash and investments Less than 1 year 1 -5 years $ 39,977,572 $ - $ 39,977,572 - More than 5 years Total $ 39,977,572 39,977,572 Pooled investments - - - - Cash and investments with fiscal agents - - 2,674,564 2,674,564 Restricted cash and investments - - 2,674,564 2,674,564 Total cash and investments $ 39,977,572 $ - $ 2,674,564 $ 42,652,136 Concentration of Credit Risk Under GASB Statement No. 40, concentration of credit risk is the risk of loss attributable to the magnitude of the City's investment in a single issuer. As of June 30, 2011, the City's investments in First American Treasury Obligation Fund amounted to $1,236,639. 39 Maximum Allowable Maximum Investment Percentage Maturity Percentage per Issuer U.S. Treasury Obligations 365 days Unlimited N/A U.S. Agency Securities and Instrumentalities of Government 365 days Unlimited N/A Sponsored Corporation Negotiable Certificates of Deposit 365 days 30% N/A Time Deposits — Collateralized 365 days Unlimited $500,000 Time Deposits — Uncollateralized 365 days Unlimited $100,000 Banker's Acceptances 180 days 40% 30% Repurchase Agreements 180 days Unlimited N/A Commercial Paper rated A -1 by Standard and Poor's Corporation or P -1 by Moody's Investors 180 days 30% 10% Services, Inc. LAIF N/A Unlimited $40,000,000 Cash and Investments with Fiscal Agents - The City has monies held by trustees or fiscal agents pledged to the payment or security of certain notes, bonds and certain construction projects. Money market mutual funds may be purchased as allowed under California Government Code. Only funds holding U.S. Treasury or Agency obligations can be utilized. Interest Rate Risk Interest rate risk, as defined under Governmental Accounting Standards Board (GASB) Statement No. 40, is the risk that changes in interest rates will adversely affect the fair value of an investment. Most of the City's investments are held in trust by the fiscal agents as required by the bond indenture. The following table summarizes the distribution of the City's investments according to maturity at June 30, 2011. Pooled cash and investments Unrestricted cash and investments Less than 1 year 1 -5 years $ 39,977,572 $ - $ 39,977,572 - More than 5 years Total $ 39,977,572 39,977,572 Pooled investments - - - - Cash and investments with fiscal agents - - 2,674,564 2,674,564 Restricted cash and investments - - 2,674,564 2,674,564 Total cash and investments $ 39,977,572 $ - $ 2,674,564 $ 42,652,136 Concentration of Credit Risk Under GASB Statement No. 40, concentration of credit risk is the risk of loss attributable to the magnitude of the City's investment in a single issuer. As of June 30, 2011, the City's investments in First American Treasury Obligation Fund amounted to $1,236,639. 39 City of Baldwin Park Notes to Financial Statements Year ended June 30, 2011 NOTE 4 CASH AND INVESTMENTS (CONTINUED) Credit Risk on Pooled Deposits Credit risk is the risk that an issuer or other counterparty to an investment will not fulfill its obligations. The California Government Code requires California banks and savings and loan associations to secure a city's deposits by pledging government securities as collateral. The market value of pledged securities must equal at least 110% of a city's deposits. California law also allows financial institutions to secure city deposits by pledging first trust deed mortgage notes having a value of 150% of a city's total deposits. The City may waive collateral requirements for deposits, which are fully insured up to $250,000 by the Federal Deposit Insurance Corporation (FDIC). Custodial credit risk is the risk that in the event of a bank failure, the City's deposits may not be returned to it. In accordance with GASB Statement 40, deposits are exposed to custodial credit risk if they are uninsured and either: a. Uncollateralized b. Collateralized with securities held by the pledging financial institution, or by its trust department or agent but not in the depositor - government's name At June 30, 2011, the amount of the City's bank deposits' book balance was $4,839,965 while the corresponding bank balance was $5,339,076. Of the total bank balance, $250,000 was covered by FDIC while $5,089,076 was secured by pledged government securities not in the City's name. Credit Risk and Fair Value of Investments Investments are exposed to custodial credit risk if they are uninsured, unregistered and held by either: a. The counterparty b. The counterparty's trust department or agent but not in the government's name The City's investments are in external investment pools and in mutual funds, which are not exposed to custodial credit risk. Presented below is the minimum rating as required by (where applicable) the California Government Code, the City's investment policy, or debt agreement and the actual rating as reported by Standard & Poor's as of year end for each investment type. Minimum Not required Totals as of Legal Rating to be Investment Type June 30, 2011 Rating not available rated Unrated Local Agency Investment Fund $ 35,136,774 $ (1) $ - $ - $ 35,136,774 Held by bond trustee: Money Market Mutual Fund 2,203,764 Investment Agreement 470,800 Total cash and investments $ 37,811,338 (1) Not applicable (2) Acceptable to the Municipal Bond Insurer .s (1) - 2,203,764 (2) 470,800 $ 470,800 $ 2,203,764 $ 35,136,774 NOTE 4 NOTE 5 City of Baldwin Park Notes to Financial Statements Year ended June 30, 2011 CASH AND INVESTMENTS (CONTINUED) Local Agency Investment Fund (LAIF) Cash on deposit with LAIF represents short -term demand deposits with the State Treasurer, who invests available cash balances of participating California government entities. The management of LAIF has indicated to the City that as of June 30, 2011, the estimated fair value of the pool, including accrued interest, was approximately $66.4 billion. The City's proportionate share of the estimated fair value is $35.1 million. LAIF's (and the City's) exposure to risk (credit, market or legal) is not currently available. Restricted Cash and Investments The City has monies held by financial institutions, which are restricted for the payment of certain notes and bonds. LOANS RECEIVABLE AND DEFERRED REVENUES Unearned revenues on the General Fund represent interest on interfund advances, which is not available for current operations. Loans Receivable and Unearned Revenues at June 30, 2011 consisted of the following: General Fund $ Special Revenue Funds: Loans receivable from Commercial Rehabilitation Program Loans receivable from Residential Rehabilitation Program Loans receivable from HOME Program Loans receivable from CalHOME Program Loans receivable from Single Family Repo Housing Loans receivable from Low /Moderate Income Housing, net Accrued interest from Low /Moderate Income Housing Loans Unearned Receivable Revenues - $ 6,533,226 45,811 45,811 357,374 357,374 3,948,120 3,948,120 134,743 134,743 39,000 39,000 1,954,460 1,954,460 agreement 468,879 468,879 Unearned grants - 83,917 Total $ 6,948,387$ 13,565,530 41 City of Baldwin Park Notes to Financial Statements Year ended June 30, 2011 NOTE 6 INTERFUND BALANCES At June 30, 2011, the City's interfund receivables and payables were as follows: Major governmental funds General Fund $ Housing and Community Development Low /Moderate Income Housing Redevelopment Agency Debt Service Fund Redevelopment Agency Capital Project Fund Total major governmental funds Advances Advances Due from Due to to from Other Funds Other Funds Other Funds Other Funds 386,857 17,682,749 $ 204,480 582,202 278,300 1,772,597 6,395 - 1,608,275 1,936,663 857,777 1,813,481 4,443,129 4,725,598 300,000 - 17,661,049 17,961,049 17,961,049 Nonmajor governmental funds - 1,343,315 - - Total governmental funds 4,443,129 6,068,913 17,961,049 17,961,049 Proprietary funds Internal Service Funds 1,625,784 Total proprietary funds 1,625,784 Total funds $ 6,068,913 6,068,913 17,961,049 $ 17,961,049 Due to and due from other funds: Amounts due to the General Fund and Internal Service Funds represent short -term borrowings by the nonmajor funds and Redevelopment Agency, to compensate for negative cash balances and general operations. These balances are expected to be repaid within the next fiscal year. The amounts due to Housing and Community Development from the Home Program represent the portion of the first time homebuyers loan repayments deposited to the Home Program Fund. The balance is expected to be paid in the near future. The amounts due to the Debt Service Fund represent loans due from the General Fund in previous years. The balances belong to the Debt Service Fund and are expected to be collected in near future. A portion of the amounts due to Low /Moderate Income Housing represent the accrued 20% set aside low- moderate income housing from tax increments. The balances are expected to be repaid within the next fiscal year. The remaining amounts due to Low /Moderate Income Housing represent borrowings from the 20% set aside low- moderate income by the Redevelopment Debt Service Funds to pay the Supplemental Educational Revenue Augmentation Funds (SERAF) obligation for FY 2009 -2010 and FY 2010 -11. The housing set -aside fund is scheduled to repay $1,312,140 borrowed from FY2009 -10 by June 30, 2015, and $294,933 borrowed from FY 2010 -11 by June 30, 2016 with no interest to accrue on the loan. 42 City of Baldwin Park Notes to Financial Statements Year ended June 30, 2011 NOTE 6 INTERFUND BALANCES (CONTINUED) If not repaid by the deadline, then the housing set -aside allocation is increased to 25% permanently as required by Assembly Trailer Bill ABX4 26. The amounts due to the Redevelopment Agency Capital Project Fund and Debt Service Fund represent short -term borrowings within the Redevelopment Agency Funds to compensate for negative cash balances. These balances are expected to be repaid within the next fiscal year. The amounts due to Building Reserve Capital Project Fund and Redevelopment Agency Debt Service Fund represent borrowings by the Low -Mod Income Housing Fund which will be repaid in the future. Advances to and advances from other funds General Fund advances to Redevelopment Agency The City has an agreement with the Baldwin Park Redevelopment Agency providing for the advance of funds to finance improvements and operations relating to and within the project areas. The Agency accrues interest on the original advances at LAIF's prevailing interest rate. At June 30, 2011, the City has advanced $17,682,749 which includes accrued interest of $6,533,226. The City's interfund transfers during the year were as follows: Transfers in Transfers out Major governmental funds General Fund $ 32,694 $ Housing and Community Development - Future Development - Debt Service Fund: Redevelopment Agency 577,095 Capital Project Fund: Redevelopment Agency 1,403,414 Total major governmental funds 2,013,203 Nonmajor governmental funds 3,307,009 Total governmental funds 5,320,212 Total funds $ 5,320,212 1,085,151 499,167 1,941,668 3,525,986 1,794,226 5,320,212 $ 5,320,212 The Baldwin Park Financing Authority Debt Service Fund received resources mostly from the Redevelopment Debt Service Funds for debt service payments. Transfers to other governmental funds were certain grants and capital projects. Transfer s funds for expenditures. 43 to fund the matching requirements on to proprietary funds were to provide City of Baldwin Park Notes to Financial Statements Year ended June 30, 2011 NOTE 7 CAPITAL ASSETS Capital asset activity for the year ended June 30, 2011 was as follows: Capital assets not being depreciated: Land $ Construction in progress Total capital assets not being depreciated Balance 205,339 Balance July 1, Public works, including depreciation of June 30 2010 Increases Decreases 2011 1,194,139 610,012 1,804,151 1,437,456 2,748,269 4,185,725 2,631,595 3,358,281 5,989,876 Capital assets being depreciated: 205,339 Public safety 123,340 Public works, including depreciation of Buildings and improvements 31,906,755 - - 31,906,755 Equipment 8,149,532 1,025,294 29,929 9,144,897 Vehicles and related equipment 4,519,356 - 147,172 4,372,184 Infrastructure 190,853,031 190,853,031 Total capital assets being depreciated 235,428,674 1,025,294 177,101 236,276,867 Less accumulated depreciation for: Buildings and improvements 10,815,512 532,060 - 11,347,572 Equipment 7,050,223 250,482 - 7,300,705 Vehicles and related equipment 3,699,637 344,646 113,844 3,930,439 Infrastructure 93,201,467 6,974,138 100,175,605 Total accumulated depreciation 114,766,840 8,101,326 113,844 122,754,322 Total capital assets being depreciated, net Capital asset activity, net 120,661,834 (7,076,032) 63,257 113,522,545 $ 123,293,429 (3,717,751) 63,257 119,512,421 Depreciation expense was charged to functions of the governmental activities as follows: General government $ 205,339 Public safety 123,340 Public works, including depreciation of general infrastructure assets 7,088,622 Parks and recreation 94,694 Community development 325,739 Capital assets held by internal service funds are charged to various functions based on their usage of the assets 263,592 Total depreciation expense — governmental activities $ 8,101,326 .. City of Baldwin Park Notes to Financial Statements Year ended June 30, 2011 NOTE 8 ACCOUNTS PAYABLE AND OTHER CURRENT LIABILITIES Composition of accounts payable and other current liabilities is as follows: Major governmental funds General Fund Housing and Community Development Grant Low /Moderate Income Housing Redevelopment Agency Debt Service Fund Redevelopment Agency Capital Project Fund Total major governmental funds Nonmajor governmental funds Total funds NOTE 9 LONG -TERM LIABILITIES Changes in Long -term Liabilities Summary of changes in long -term liabilities during the year ended June 30, 2011 (in $ thousands): Accrued Vendors Liabilities Deposits Total $ 402,836 $ 518,765 $ $ 921,601 55,157 7,621 62,778 229 2,998 3,228 50,825 - 50,825 7,815 $ 44,184 7,815 516,862 529,384 1,046,247 1,670,454 - 386,250 2,056,704 $ 2,187,316 $ 529,384 $ 386,250 $ 3,102,951 NOTE 9 LONG -TERM LIABILITIES Changes in Long -term Liabilities Summary of changes in long -term liabilities during the year ended June 30, 2011 (in $ thousands): 45 Balance Balance Due July 1, June 30, Within 2010 Increases Decreases 2011 One Year Bonded indebtedness $ 44,184 2,366 $ 41,818 $ 2,418 Notes payable 7,385 - 558 6,827 585 County deferral 17,408 561 - 17,969 - Compensated absences 1,316 21 - 1,337 Other postemployment benefits 1,985 1,652 599 3,038 - Capitalleases 515 - 267 248 147 Total $ 72,793 2,234 3,790 $ 71,237 $ 3,150 45 City of Baldwin Park Notes to Financial Statements Year ended June 30, 2011 NOTE 9 LONG -TERM LIABILITIES (CONTINUED) Bonded Indebtedness At June 30, 2011, bonded indebtedness consisted of (in $ thousands): Lease Revenue Bonds: Financing Authority Community Center Oct -04 Aug -34 3.75-5.0 10,840 9,520 Pension Obligation Bonds 2007- Series A -1 Date Final Interest Amount 9,720 Tax Allocation Bonds: Issued Maturity Rate % Issued Outstanding Improvement Bonds: Financing Authority Series A Jan -90 Aug -19 6.65-7.75 Baldwin Avenue Jul -01 Sep -11 6 132 17 Bogart Avenue Jul -01 Sep -11 6 84 11 Total special assessment bonds 10,215 8,720 216 28 Lease Revenue Bonds: Financing Authority Community Center Oct -04 Aug -34 3.75-5.0 10,840 9,520 Pension Obligation Bonds 2007- Series A -1 Apr -07 Jun -18 5.06 -5.30 12,810 9,720 Tax Allocation Bonds: Financing Authority Series A Jan -90 Aug -19 6.65-7.75 14,205 4,065 San Gabriel River Project May -98 Aug -21 3.75-5.25 11,875 5,365 Merged Project Jun -00 Sep -30 4.20-5.75 10,215 8,720 Financing Authority Series 2003 Dec -03 Aug -21 1.75-5.25 6,265 4,400 Total tax allocation bonds 42,560 22,550 Total bonded indebtedness $ 67,426$ 41,818 Sources of Debt Service Special assessment bonds interest and principal redemptions are to be funded by future assessments against properties in the Districts. Interest and principal redemptions for lease revenue bonds and certificates of participation are payable solely from lease payments made by the City to the Financing Authority as the rental for the Community Center and City's corporation yard, respectively. Tax allocation bonds interest and principal redemptions are to be funded by incremental tax revenues derived from the redevelopment project areas. Bond Covenants and Other Requirements The City is in compliance with all the provisions of the bond covenants and the requirements regarding arbitrage rebates. EW City of Baldwin Park Notes to Financial Statements Year ended June 30, 2011 NOTE 9 LONG -TERM LIABILITIES (CONTINUED) Notes Payable Notes payable is composed of: Section 108 loan from the Department of Housing and Urban Development (HUD) for the City's real property acquisitions. The loan is payable annually from August 2008 through August 2021 with interest payable semi - annually with rates ranging from 5.25% to 5.46% during fiscal year 2006. The loan will be repaid through future HUD entitlements. $ 4,108,000 Promissory certificate from the Bank of West for the City's lease payments. The loan is payable annually from October 2009 through October 2017 with interest payable semi - annually at 4.05 %. 2,446,000 Other 273,490 $ 6,827,490 County Deferral The Agency and County entered into an agreement whereby the County will defer tax increment (County Deferral) generated within the project area to meet the Agency's debt service obligations. Only the County Deferrals for Sierra Vista accrue interest of 2.42 %. The County Deferrals are to be repaid whenever there are property tax revenues received by the Agency in excess of its debt payment requirements. The County Deferrals are recorded as revenue when received by the Agency. At June 30, 2011, the balance of the County Deferrals including interest was $17,969,000. The following are future scheduled Annual Debt Service Requirements (in $ thousands): Year ending Bonded Notes Capital Total Debt June 30, Indebtedness Payable Leases Total Interest Service 2012 $ 2,418$ 585$ 147$ 3,150$ 2,547$ 5,697 2013 2,585 614 84 3,283 2,389 5,672 2014 2,790 645 17 3,452 2,222 5,674 2015 3,000 676 - 3,676 2,040 5,716 2016 3,230 710 3,940 1,842 5,782 2017 -2021 13,075 2,835 15,910 6,075 21,985 2022 -2026 7,070 489 7,559 2,987 10,546 2027 -2031 5,230 - 5,230 1,254 6,484 2032 -2035 2,420 - 2,420 250 2,670 Indeterminate - 273 - 273 - 273 Total $ 41,818$ 6,827$ 248$ 48,893$ 21,606 $ 70,499 47 City of Baldwin Park Notes to Financial Statements Year ended June 30, 2011 NOTE 9 LONG -TERM LIABILITIES (CONTINUED) Compensated Absences Payable The City's policies relating to compensated absences are described in Note 1. The outstanding balance at June 30, 2011, was $1,336,773. The liability for governmental activities is primarily liquidated from the general fund while the liability for business - type activities is liquidated from the enterprise funds. 1010119;6 11 1W 0 WiV4*1 The City has lease agreements for vehicles and equipment that meet the criteria for capitalization. The City reserves the right to purchase these items on any lease payment date. For the year ended June 30, 2011, the City did not enter into new lease agreements. The total capital lease obligations at June 30, 2011 amounted to $248,000, net of interest of $11,000. Lease payments for the fiscal year ended June 30, 2011 amounted to approximately $262,000. NOTE 11 FUND BALANCE Special Revenue Debt Service Capital Project Housing and Community Low/ Moderate Other Total Development Future Income Redevelopment Redevelopment Governmental Governmental General Grant Development Housing Agency Agency Funds Funds Fund Balances: Nonspendable Prepaids $ 20,987 $ 23,280 $ - $ - $ - $ 544 $ 8,123 $ 52,934 Property held for resale - - - 5,965,898 - - - 5,965,898 Advances to other funds, net of accrued interest 11,149,523 278,300 - - - - - 11,427,823 Loans receivable - - - - - - 180,553 180,553 Restricted for Housing and Community development - 38,948 - - - - - 38,948 Low and Moderate Income Housing Fund - - - 2,482,008 - - - 2,482,008 Redevelopment Debt SeMce - - - - 1,391,359 - - 1,391,359 Future Development - - 10,449,263 - - - - 10,449,263 Business Improvement Fees - - - - - - 168,675 168,675 Air Quality Improvement - - - - - - 479,792 479,792 Federal Asset Forfeiture - - - - - - 1,814,284 1,814,284 State Gasoline Tax - - - - - - 2,712,230 2,712,230 Bicycle and Pedestrian Safety - - - - - - 369 369 Proposition A - - - - - - 113,715 113,715 Proposition C - - - - - - 2,567,188 2,567,188 Street Light and Landscape - - - - - - 729,263 729,263 Residential Development Tax - - - - - - 4 4 Integrated Waste Management - - - - - - 246,425 246,425 Federal Surface Transportation Program - - - - - - 674,463 674,463 Assessment District - - - - - - 337,490 337,490 State Ass et Forfeiture - - - - - - 173,672 173,672 Local Law Enforcement Block Grant - - - - - - 14,458 14,458 Economic Development Administration - - - - - - 512 512 Traffic Congestion Relief _ _ _ _ _ - 49,402 49,402 Grants - - - - - - 336,512 336,512 Park Land and Public Art Fees - - - - - - 849,547 849,547 Storm Drain NPDS - - - - - - 28,173 28,173 Calhome Grant - - - - - - - - General Plan Fees - - - - - - 364,600 364,600 Housing Authority - - - - - - 2,980,987 2,980,987 Measure R - - - - - - 1,103,120 1,103,120 City Debt Service Fund - - - - - - 60,401 60,401 Pension Obligation Debt _ _ _ _ _ _ 694 694 Baldwin Park Financing Authority Debt SeNce - - - - - - 1,476,767 1,476,767 Building Reserve - - - - - - 12,408 12,408 Committed to Economic Development Act RewlNng Loan - - - - - - 1,662,234 1,662,234 10% Budget Stabilization Fund 2,477,618 - - - - - - 2,477,618 Unassigned 3,429,025 - - - - (18,291,437) (128,274) (14,990,686) Total Fund Balances $ 17,077,153 $ 340,528 $ 10,449,263 $ 8,447,906 $ 1,391,359 $ (18,290,893) $ 19,017,787 $ 38,433,104 i City of Baldwin Park Notes to Financial Statements Year ended June 30, 2011 NOTE 11 FUND BALANCE (CONTINUED) The financial statements show an aggregate amount of $24,395,043 for nonspendable fund balances. Details of this amount are shown below: Fund Amount Details General $ 11,149,523 Advances to other funds General 20,987 Prepaids Housing and Community Development Grant 4,305,494 Loans Housing and Community Development Grant 278,300 Advances to other funds Housing and Community Development Grant 23,280 Prepaids Low /Moderate Income Housing 2,462,340 Loans Low /Moderate Income Housing 5,965,898 Property held for resale Redevelopment Capital Projects 544 Prepaids Federal Asset Forfeiture 1,156 Prepaids Economic Development Act Revolving Loan 45,811 Loans receivable Grants 450 Prepaids Calhome Grant 134,743 Loans receivable Housing Authority 6,517 Prepaids $ 24,395,043 The City's Fund Balance Policy delegates authority to the City Council to assign amounts, which are neither restricted nor committed, to be used for specific purposes for annual financial statement reporting. The City has no assigned fund balances as of June 30, 2011. When expenditures are incurred for purposes for which both restricted and unrestricted (committed, assigned, or unassigned) fund balances are available, the City's policy is to first apply restricted fund balance. When expenditures are incurred for purposes for which committed, assigned, or unassigned fund balances are available, the City's policy is to first apply committed fund balance, then assigned fund balance, and finally unassigned fund balance. i • City of Baldwin Park Notes to Financial Statements Year ended June 30, 2011 NOTE 12 COMMITMENTS AND CONTINGENCIES There are various litigation and claims pending against the City, which have been considered in determining the estimated liability for self- insurance. The outcome of these cases and eventual liability to the City, if any, is unknown at this time. The City estimates that the self- insurance liability and cash reserve are adequate to cover any claims not otherwise covered by insurance. NOTE 13 RETIREMENT PLANS Plan Description: The City of Baldwin Park contributes to the California Public Employees Retirement System (PERS), an agent multiple - employer public employee defined benefit pension plan (miscellaneous plan) and a cost sharing plan (safety plan). PERS provides retirement and disability benefits, annual cost -of- living adjustments, and death benefits to plan members and beneficiaries. PERS acts as a common investment and administrative agent for participating public entities within the State of California. Benefit provisions and all other requirements are established by state statute and City ordinance. Copies of PERS' annual financial report may be obtained from its executive office: 400 P Street, Sacramento, CA 95814. All permanent safety (police) and general personnel working 20 hours or more a week and temporary employees who have worked 40 hours a week for over six months are eligible to participate in PERS. Benefits vest after five years of service. General employees who retire at or after age 55 and police members who retire at or after age 50 with five years of credited service are entitled to retirement benefits. PERS also provides death and disability retirement benefits. These benefit provisions and all other requirements are established by state statute and City ordinance. Funding Policy: Participants are required to contribute 7% (9% for safety employees) of their annual covered salary. The City makes the contributions required of City employees on their behalf and for their account. The City is required to contribute at an actuarially determined rate of annual covered payroll; the current rate is 8.829% for non - safety employees and 19.094% for safety employees. The contribution requirements of plan members and the City are established and may be amended by PERS. PERS Plan Amendments: During fiscal year 2002 -03, PERS required mandatory pooling of plans with less than 100 active members. As a result, the accrued actuarial liability and actuarial value of assets for the City's safety plan have been pooled with other government agencies. As of the date of pooling, differences between the City's normal cost and the pool's normal cost will be amortized over a five year period, at which time, the City's normal cost will approximate the pool's normal cost. Annual Pension Cost: The three -year trend information for PERS (In $ thousands) is presented below: 50 NOTE 13 RETIREMENT PLANS (CONTINUED) Fiscal Year Ended 6/30/2009 $ 6/30/2010 6/30/2011 City of Baldwin Park Notes to Financial Statements Year ended June 30, 2011 Annual Pension Percentage of Prepaid Cost (APC) APC Contributed Pension Asset 4,223 100% $ 10,240 4,119 100% 9,103 4,424 100% 7,965 I010111MEi[ 9:W: 4101-11I;I1y11:jx0yVil4kill9 a11K Plan Description and Funding Policy The City of Baldwin Park provides postretirement health care benefits, as per the requirements of the Public Employees' Retirement System, with which the City contracts for health care benefits, for employees who retire while employed with the City. As provided by the Public Employees' Medical and Hospital and Care Act ( PEMHCA), the City has been under contract with CalPERS for medical plan coverage since at least 1999. As a PEMHCA employer, the City has chosen to satisfy its retiree medical benefit commitment using equal contribution approach, where it contributes exactly the same amount for retirees as contributed toward active employee medical plan coverage. The benefit level varies depending upon the bargaining group that represents the employee. Employees represented by S.E.W. Local 347 will receive a varying flat monthly amount that has been negotiated through the meet and confer process and all other employees will receive the equivalent of the single party premium for the plan of their choice that has been negotiated through the meet and confer process. Following is a description of the current retiree benefit plan: Eligible participants to the plan at January 1, 2011, the date of the latest actuarial valuation are as follows: Eligible active employees: Participating Not currently participating Eligible retirees 51 126 107 Subtotal 233 113 Total 346 S.E.W. employees Nonrepresented Benefit types provided Medical only Medical only Duration of benefits Lifetime Lifetime Required service 5 years 5 years Minimum age 50 50 Dependent coverage Yes Yes City Contribution 100% 100% City Cap $618 per month Minimum MEC allowed per PEMHCA Eligible participants to the plan at January 1, 2011, the date of the latest actuarial valuation are as follows: Eligible active employees: Participating Not currently participating Eligible retirees 51 126 107 Subtotal 233 113 Total 346 City of Baldwin Park Notes to Financial Statements Year ended June 30, 2011 NOTE 14 OTHER POSTEMPLOYMENT BENEFITS (CONTINUED) As of June 30, 2011, the City has not established a trust or equivalent that contains an irrevocable transfer of assets dedicated to providing benefits to retirees in accordance with the terms of the plan and that are legally protected from creditors. The City finances these postemployment benefits on a pay -as- you -go basis. Its share of the annual premiums for these benefits are payable as they become due. The cost of retiree health care insurance benefits is recognized as expenditure as insurance premiums are paid. For fiscal year ended June 30, 2011, $599,112 of postemployment benefit expenditures was paid. Annual OPEB Cost and Net OPEB Obligation The following table shows the components of the City's annual Other Post Employment Benefits (OPEB) cost for the year (based on 30 -year amortization), the amount of benefits and /or insurance premiums actually paid and the City's Net OPEB obligation as of June 30, 2011: The Annual Required Contribution (ARC) is an amount actuarially determined in accordance with the parameters of GASB Statement 45. The ARC represents a level of funding that, if paid on an ongoing basis, is projected to cover the normal cost each year and amortize any unfunded actuarial liabilities (or funding excess) over a period not to exceed 30 years. The City's annual OPEB cost, the percentage of annual OPEB cost contributed to the plan, and the net OPEB obligation for 2011 and 2010 were: Fiscal Year Annual OPEB End 06/30/11 $ 06/30/10 Cost Percentage of Annual Annual OPEB Contribution Cost Contributed 1,648,385 $ 599,112 36% 1,613,289 577,749 36% Net OPEB Obligation $ 3,037,652 1,984,795 Funded Status and Funding Projects The funded status of the plan as of June 30, 2011 based on the plan's most recent actuarial valuation date of January 1, 2011, was: 52 Amount Annual required contribution $ 1,649,385 Interest on net OPEB obligation as of June 30, 2010 89,316 Adjustment to the ARC (86,732) Annual OPEB cost (expense) 1,651,969 Premium payments including benefit payments (599,112) Contributions to irrevocable trust - Increase in net OPEB obligation 1,052,857 Net OPEB obligation - beginning of the year 1,984,795 Net OPEB obligation - end of the year $ 3,037,652 The Annual Required Contribution (ARC) is an amount actuarially determined in accordance with the parameters of GASB Statement 45. The ARC represents a level of funding that, if paid on an ongoing basis, is projected to cover the normal cost each year and amortize any unfunded actuarial liabilities (or funding excess) over a period not to exceed 30 years. The City's annual OPEB cost, the percentage of annual OPEB cost contributed to the plan, and the net OPEB obligation for 2011 and 2010 were: Fiscal Year Annual OPEB End 06/30/11 $ 06/30/10 Cost Percentage of Annual Annual OPEB Contribution Cost Contributed 1,648,385 $ 599,112 36% 1,613,289 577,749 36% Net OPEB Obligation $ 3,037,652 1,984,795 Funded Status and Funding Projects The funded status of the plan as of June 30, 2011 based on the plan's most recent actuarial valuation date of January 1, 2011, was: 52 City of Baldwin Park Notes to Financial Statements Year ended June 30, 2011 NOTE 14 OTHER POSTEMPLOYMENT BENEFITS (CONTINUED) Amount Actuarial accrued liability (AAL) $ 23,548,132 Actuarial value of plan assets - Unfunded actuarial accrued liability (UAAL) $ 23,548,132 Normal cost $ 629,271 The normal cost for the plan is the amount that the liabilities are expected to increase during the year based on increased eligibility and service. Normal cost is the value of benefits expected to be earned during the year, based on certain methods and assumptions. The Schedule of Funding Progress for OPEB is presented below. As presented based on the Actuarial Study of Retiree Health Liabilities as of January 1, 2011, the Unfunded Actuarial Accrued Liability (UAAL) ratio to covered payroll has increased from 204% to 216 %. Since the City has not established a trust, the plan is unfunded therefore the actuarial value of plan assets remains at zero. Unfunded Actuarial Unfunded Accrued Entry Age Accrued Liability Actuarial Liability Actuarial Actuarial Actuarial (Excess Assets) as Percentage of Valuation Accrued Asset [(A) -(B)] Funded Ratio Covered Covered Payroll Date Liability (AAL) Value (UAAL) [(B) /(A)} Payroll {[(A)- (B)] /(E)} (A) (B) ( C) (D) (E) (F) January 1, 2009 $ 22,320,143 $ $ 22,320,143 0.00% $ 10,932,861 204% January 1, 2011 23,548,132 23,548,132 0.00% 10,926,010 216% Actuarial Methods and Assumptions Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and assumptions about the probability of occurrence of events far into the future. Examples include assumptions about future employment, mortality, and the healthcare cost trend. Amounts determined regarding the funded status of the plan and the annual required contributions of the employer are subject to continual revision as actual results are compared with past expectations and new estimates are made about the future. The schedule of funding progress, presented in the required supplementary information section, presents multi -year trend information about whether the actuarial value of plan assets is increasing or decreasing over time relative to the actuarial accrued liabilities for the benefits. In the January 2011 actuarial valuation, the entry age normal actuarial cost method was used to value liabilities. Under the entry age normal cost method, an average age at hire and average retirement age are determined for eligible employees. The actuarial assumptions included (1) a 4.5% discount rate, (2) a 3.25% annual salary increase and (3) medical plan premiums (cost) rate increase of 9.5% for year 2009 decreasing by .5% every year until year 2017. The UAAL is being amortized as a level percentage of projected payroll over 30 years. Amortization of the unfunded AAL has been determined on a level percent of payroll over a closed 30 -year period established in the fiscal year ended June 30, 2009. The remaining amortization years used in developing the ARC for the City's fiscal year ending June 30, 2011 was 28 years. 53 NOTE 15 NOTE 16 City of Baldwin Park Notes to Financial Statements Year ended June 30, 2011 DEFERRED COMPENSATION PLAN The City offers its employees a deferred compensation plan created in accordance with Internal Revenue Code Section 457. The plan, available to all City employees, permits them to defer a portion of their salaries until future years. The deferred compensation is not available to employees until termination, retirement, death or unforeseeable emergency. The plan assets are under the participants control and are principally invested in demand deposits and mutual funds and are held in trust for the exclusive benefit of the participants and their beneficiaries. At June 30, 2011, the amount held by trustee for employees is $6,345,608. INSURANCE PROGRAM Self- Insurance Programs The City is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions, injuries to employees; and natural disasters. These risks are covered by commercial insurance purchased from independent third parties. The City is a participant in the Independent Cities Risk Management Authority ( ICRMA), a public entity risk pool, formed to enable individual cities to join together to obtain certain liability and workers' compensation insurance coverages as a group, to self- insure, where necessary, and to obtain adequate liability coverages at an affordable cost. ICRMA has 31 member cities, and each city appoints one member to the ICRMA Governing Board.The City has a 2.47% participation in ICRMA, which is computed based on the City's self- insurance retention levels under the liability coverages selected. The City pays an annual premium to ICRMA for this liability and workers' compensation insurance coverage. ICRMA is considered a self- sustaining risk pool that will provide coverage for its members for up to $20,000,000 ($2,000,000 per occurrence) for liability claims, $1,000,000 for workers' compensation claims and $1,000,000 for employer's liability claims. Changes in the balances of claims liabilities for the three years ended June 30, 2011 were as follows: Year Claims and ended Beginning Changes in Claims Ending Insurance June 30, Balance Estimates Payments Balance General Liability 2011 $ 866,128 $ 189,980 $ 23,705 $ 1,032,403 2010 862,843 10,938 7,653 866,128 2009 1,139,185 (269,726) 6,616 862,843 Workers' Compensation 2011 5,331,065 1,825,315 783,481 6,372,899 2010 5,012,604 390,948 72,487 5,331,065 2009 5,110,602 (66,993) 31,005 5,012,604 There were no significant changes in insurance coverage as compared to last year and settlements have not exceeded coverage in any of the past three fiscal years. 54 City of Baldwin Park Notes to Financial Statements Year ended June 30, 2011 NOTE 16 INSURANCE PROGRAM (CONTINUED) Purchased Insurance Property Insurance – The properties of the City of Baldwin Park are covered by commercial insurance purchased from independent third parties. The City is currently insured according to a schedule of covered property submitted by the City to the insurance company. The total property insurance coverage is $38,397,400 at 90% coinsurance. Premiums for the coverage are paid annually and are not subject to retroactive adjustments. Adequacy of Protection During the past fiscal years none of the above programs of protection have had settlements or judgments that exceeded pooled or insured coverage. There have been no significant reductions in pooled or insured liability coverage from coverage in the prior year. The City invests in various investment securities, including Local Agency Investment Fund (LAIF) which are exposed to various risks such as interest rate, market, and credit risks. Because of the level of risks associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the values of investments as of June 30, 2011. The actual amount of exposure as of December 20, 2011 is not determinable. NOTE 18 NEW GOVERNMENTAL ACCOUNTING STANDARDS BOARD (GASB) PRONOUNCEMENTS GASB No. 55 - GASB has issued Statement No. 55, The Hierarchy of Generally Accepted Accounting Principles for State and Local Governments. The objective of this Statement is to incorporate the hierarchy of generally accepted accounting principles (GAAP) for state and local governments into the Governmental Accounting Standards Board's (GASB) authoritative literature. The Board does not expect that this Statement will result in a change in current practice. GASB No. 56 - GASB has issued Statement No. 56, Codification of Accounting and Financial Reporting Guidance Contained in the AICPA Statements on Auditing Standards. The objective of this Statement is to incorporate into the Governmental Accounting Standards Board's (GASB) authoritative literature certain accounting and financial reporting guidance presented in the American Institute of Certified Public Accountants' Statements on Auditing Standards. This Statement addresses three issues not included in the authoritative literature that establishes accounting principles — related party transactions, going concern considerations, and subsequent events. This Statement does not establish new accounting standards but rather incorporates the existing guidance (to the extent appropriate in a governmental environment) into the GASB standards. 55 City of Baldwin Park Notes to Financial Statements Year ended June 30, 2011 NOTE 18 NEW GOVERNMENTAL ACCOUNTING STANDARDS BOARD (GASB) PRONOUNCEMENTS (CONTINUED) GASB No. 57 - GASB has issued Statement No. 57, OPEB Measurements by Agent Employers and Agent Multiple- Employer Plans. This Statement establishes standards for the measurement and financial reporting of actuarially determined information by agent employers with individual - employer OPEB plans that have fewer than 100 total plan members and by the agent multiple - employer OPEB plans in which they participate. In addition, it clarifies requirements of Statements 43 and 45 related to the coordination of the timing and frequency of OPEB measurements by agent employers and the agent multiple - employer OPEB plans in which they participate. The requirements of this Statement apply to all state and local governmental agent multiple - employer OPEB plans that are administered as trusts, or equivalent arrangements, and to state and local governmental employers that participate in such plans. The provisions of this Statement related to the use and reporting of the alternative measurement method are effective immediately. The provisions related to the frequency and timing of measurements are effective for actuarial valuations first used to report funded status information in OPEB plan financial statements for periods beginning after June 15, 2011. GASB No. 58 - GASB has issued Statement No. 58, Accounting and Financial Reporting for Chapter 9 Bankruptcies. This Statement establishes accounting and financial reporting standards for all governments that have petitioned for relief under Chapter 9 of the U.S. Bankruptcy Code or have been granted relief under the provisions of Chapter 9, including governments that enter into bankruptcy and are not expected to emerge as a going concern. This Statement does not apply to troubled debt restructurings that occur outside of bankruptcy. The disclosures required by this Statement cease to apply for periods following the fiscal year in which the bankruptcy case is closed or the government has its petition dismissed. The requirements of this Statement are effective for periods beginning after June 15, 2009. Retroactive application is required for all prior periods presented during which a government was in bankruptcy. GASB No. 59 - GASB has issued Statement No. 59, Financial Instruments Omnibus. The requirements of this Statement will improve financial reporting by providing more complete information, by improving consistency of measurements, and by providing clarifications of existing standards. Applying the reporting provisions of Statement 31 for interest - earning investment contracts to unallocated insurance contracts improves consistency of investment measurements that are reported by pension and other postemployment benefit plans. Emphasizing the applicability of SEC requirements to 2a7 -like external investment pools provides practitioners with improved guidance. Limiting interest rate risk disclosures for investments in mutual funds, external investment pools, and other pooled investments to debt investment pools provides better guidance regarding the applicability of interest rate risk disclosures. Finally, addressing the applicability of Statement 53 to certain financial instruments refines which financial instruments are within the scope of that Statement. The provisions of this Statement are effective for financial statements for periods beginning after June 15, 2010. 56 City of Baldwin Park Notes to Financial Statements Year ended June 30, 2011 NOTE 18 NEW GOVERNMENTAL ACCOUNTING STANDARDS BOARD (GASB) PRONOUNCEMENTS (CONTINUED) GASB No. 60 - GASB has issued Statement No. 60, Accounting and Financial Reporting for Service Concession Arrangements. This Statement establishes guidance for accounting and financial reporting for SCAs. As used in this Statement, an SCA is an arrangement between a government (the transferor) and an operator in which all of the following criteria are met: a. The transferor conveys to the operator the right and related obligation to provide public services through the use and operation of a capital asset (referred to in this Statement as a "facility ") in exchange for significant consideration, such as an up -front payment, installment payments, a new facility, or improvements to an existing facility. b. The operator collects and is compensated by fees from third parties. c. The transferor determines or has the ability to modify or approve what services the operator is required to provide, to whom the operator is required to provide the services, and the prices or rates that can be charged for the services. d. The transferor is entitled to significant residual interest in the service utility of the facility at the end of the arrangement. The provisions of this Statement should be applied in financial statements of state and local governments that are prepared using the economic resources measurement focus. The provisions of this Statement are effective for financial statements for periods beginning after December 15, 2011. GASB No. 61 - GASB has issued Statement No. 61, The Financial Reporting Entity. Omnibus, an amendment of GASB Statements No. 14 and No. 34. This Statement modifies existing requirements for the assessment of potential component units in determining what should be included in the financial reporting entity, and financial reporting entity display and disclosure requirements. It applies to financial reporting by primary governments and other stand -alone governments, and to the separately issued financial statements of governmental component units. In addition, this Statement should be applied to nongovernmental component units when they are included in a governmental financial reporting entity. The provisions of this Statement are effective for financial statements for periods beginning after June 15, 2012. GASB No. 62 - GASB has issued Statement No. 62, Codification of Accounting and Financial Reporting Guidance Contained in Pre - November 30, 1989 FASB and AICPA Pronouncements. This Statement establishes accounting and financial reporting standards for the financial statements of state and local governments. The requirements of this Statement apply to accounting and financial reporting for governmental activities, business -type activities, and proprietary funds. The requirements in this Statement are effective for financial statements for periods beginning after December 15, 2011. 57 City of Baldwin Park Notes to Financial Statements Year ended June 30, 2011 NOTE 19 RECENT LAWS AND REGULATIONS AFFECTING REDEVELOPMENT AGENCIES For fiscal year 2011 -12 budget, the Governor of California has proposed to dissolve redevelopment agencies (RDA) and distribute their funds (above the amount necessary to pay outstanding debts) to other local agencies. The proposal has met significant opposition as the RDAs and local governments have asserted that the RDAs are an essential tool to promote local economic development in blighted urban areas. On June 29, 2011, AB1X 26 and AB1X 27 became effective. AB1X 26 (the "Dissolution Bill ") prescribes strict limits on what RDAs may do between its effectiveness date and October 1, 2011, when all RDAs will be legally dissolved unless the legislative body enacts an Ordinance pursuant to AB1X 27 (the "Continuation Bill ") committing itself to make payments to school districts and special districts (the "Continuation Payments "). Until enactment of the Ordinance, RDAs are prohibited from entering into new agreements or indebtedness, except as necessary to carry out "enforceable obligations" entered into prior to June 29, 2011. Enforceable Obligations are defined as bonds, loans, payments to the federal government or imposed by state law, judgments or settlements and contracts, including contracts necessary for the continued administration or operation of the RDA AB1X 27 establishes an Alternative Voluntary Redevelopment Program (the "AVRP "), whereby a RDAs will be authorized to continue to exist and carry out the provisions of the Redevelopment Law upon the enactment by the City Council of an ordinance to participate in the AVRP. AB1X 27 also requires the government agency to make specified annual remittances to the applicable auditor - controller, who shall allocate the remittances for deposit into a Special District Allocation Fund and intothe County Educational Revenue Augmentation Fund for allocation to educational entities. On July 18, 2011, the California Redevelopment Agencies (CRA) and the League of California Cities filed a petition asking the California Supreme Court to overturn AB1X 26 and AB1X 27 because they violate the Constitution. CRA and the League of California Cities also had requested that the Court issue a stay to prevent the legislation from going into effect until the Court can decide the lawsuit. The central claim for the challenge to AB1X 26 and AB1X 27 is that these bills violate Proposition 22, the constitutional amendment passed in November 2010 by 61 % of the state's voters and Article XVI, section 16, another voter initiative that set -up Tax Increment financing for RDAs. On August 11, 2011, the Court issued a partial stay regarding suspension of the effectiveness of AB1X 26 -27 until it can rule on the constitutionality of these two bills. The Court also agreed to hear the case on an expedited basis, in order to reach a decision before January 15, 2012, when the first payments under AB1X 27 would be due. 58 City of Baldwin Park Notes to Financial Statements Year ended June 30, 2011 NOTE 19 RECENT LAWS AND REGULATIONS AFFECTING REDEVELOPMENT AGENCIES (CONTINUED) Actions Taken by the City and Baldwin Park Community Development Commission On January 25, 2011, the City Council of the City of Baldwin Park approved the following actions: • City to sell to the Community Development Commission (CDC) certain parcels of land and parking easement for $5 million. Funds will come from the Low and Moderate Income Housing Trust Fund (LMIHTF) and will be set - aside in a separate fund for use in community development or redevelopment purposes. • Transfer of certain parcels from CDC non - housing fund to the CDC LMIHTF for $629,100. • CDC re- affirmed its loan from the City in the amount of $20.6 million for operating and administrative purposes. The amount includes principal of $13.7 million and interest of $6.9 million. Payment of this loan shall begin and will be made at the end of each fiscal year using available tax increment, after payment of bonded and other superior indebtedness. • CDC LMIHTF to repay $3.4 million to the City, of which $2.5 million is to be set -aside in a separate fund for use in future development or redevelopment of the community. Breakdown of this loan is as follows: Building Reserve (Fund 301) $ 2,575,008 San Gabriel River (Fund 831) 296,584 General Fund (Fund 100) 1,829 Operating and Administrative Fund (Fund 100) 525,580 $ 3,399,001 • CDC to repay $3.8 million to the City for administrative loans. Payments will come from the San Gabriel River Project and Sierra Vista Project. The funds will be set -aside in a separate fund restricted for future development or redevelopment of the community. In July, August and September 2011, the CDC took the following actions: • Adopted Ordinances and Resolutions, which declared the City and CDC's determination to make payments required by AB1X 27 and to comply with AVRP to ensure the continued exercise of redevelopment powers by the CDC. • The CDC filed an Appeal of AB1X 27 Remittance Amount to the State of California Department of Finance. On October 14, 2011, the Department of Finance informed the CDC that the payment was reduced from $2,090,636 to $1,815,809. 59 City of Baldwin Park Notes to Financial Statements Year ended June 30, 2011 NOTE 19 RECENT LAWS AND REGULATIONS AFFECTING REDEVELOPMENT AGENCIES (CONTINUED) Effects of City Actions to the Financial Statements City's Management decided to reflect the financial effects of the City Council /CDC actions in the audited financial statements for fiscal year ended June 30, 2011. The City has affirmed that regardless of the Court decision in 2012, the City is committed to continue the activities of the CDC and remit the Continuation Payments. City believes that it will recover part, if not all, of its Advances to CDC (current balance is about $17.9 million) if CDC is continued. The City created a Special Revenue Fund called "Future Development Fund" to record the transfers of assets from the General Fund as of June 30, 2011, as discussed above and as approved by the City Council. Monies in the Future Development Fund are intended to be used for economic development projects. The current estimates for the payments to the State of California are $1.8 million for fiscal year 2011 -12 and over $495,000 for every fiscal year thereafter. If AB1X 27 is not invalidated by the courts, payments for subsequent years could be increased by a decision of the Legislature. NOTE 20 SUBSEQUENT EVENTS The City has evaluated events subsequent to June 30, 2011 to assess the need for potential recognition or disclosure in the financial statements. Such events were evaluated through December 20, 2011, the date the financial statements were available to be issued. Based upon this evaluation, it was determined that no subsequent events occurred that require recognition or additional disclosure in the financial statements. .8 REQUIRED SUPPLEMENTARY INFORMATION Expenditures General Fund Gain on sale of properties 4,988,913 Cu rre nt: Items related to payment of loans 383,889 Variance with Items related to future developments Budgeted Amounts 2,463,000 Final Budget 2,232,004 229,905 Public safety 16,137,500 Positive 16,007,714 Original Final Actual (Negative) Revenues (1,073) Community development 984,350 1,001,350 Taxes $ 19,700,000 19,700,000 19,620,872 (79,128) Licenses and permits 669,000 669,000 559,605 (109,395) Fines, forfeitures and penalties 1,670,000 1,670,000 1,421,252 (248,748) Use of money and property 235,000 235,000 336,705 101,705 Intergovernmental 388,000 388,000 557,261 169,261 Charges for services 1,876,800 1,876,800 1,507,339 (369,461) Other 227,200 227,200 73,943 (153,257) - Total revenues 24,766,000 24,766,000 24,076,977 (689,023) Expenditures Gain on sale of properties 4,988,913 Cu rre nt: Items related to payment of loans 383,889 383,889 Items related to future developments General government 2,463,000 2,461,909 2,232,004 229,905 Public safety 16,137,500 16,436,591 16,007,714 428,877 Publicvoorks 236,050 236,050 237,123 (1,073) Community development 984,350 1,001,350 850,585 150,765 Recreation services 3,218,350 3,218,350 3,020,617 197,733 Capital outlay: Public works - - - - Community development 65,000 65,000 16,709 48,291 Debt service: Principal retirement - - - - Interest and fiscal charges - - - - Total expenditures 23,104,250 23,419,250 22,364,752 1,054,498 Excess (deficiency) of revenues over expenditures 1,661,750 1,346,750 1,712,225 365,475 Other financing sources (uses) Transfers in 100,000 100,000 32,694 (67,306) Transfers out (1,671,930) (1,671,930) (1,085,151) 586,779 Net other financing sources (uses) (1,571,930) (1,571,930) (1,052,457) 519,473 Net change in fund balances before special items 89,820 (225,180) 659,768 884,948 Special items Gain on sale of properties 4,988,913 4,988,913 Items related to payment of loans 383,889 383,889 Items related to future developments (7,874,255) (7,874,255) Net special items (2,501,453) (2,501,453) Net change in fund balances 89,820 (225,180) (1,841,685) (1,616,505) Beginning fund balances 18,918,838 18,918,838 18,918,838 Ending fund balances $ 19,008,658 18,693,658 17,077,153 (1,616,505) 61 City of Baldwin Park Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Major Governmental Funds Year ended June 30, 2011 Special Revenue Housing and Community Development Grant Future Development 21,744 36,744 40,445 Variance with Variance with Budgeted Amounts 56,820 Final Budget Budgeted Amounts Final Budget 2,034,857 897,208 1,137,649 Positive Positive Original Final Actual (Negative) Original Final Actual (Negative) 533,734 - - 17,618 17,618 3,337,528 3,337,528 1,677,505 (1,660,023) - - 115,343 115,343 3,337,528 3,337,528 1,810,466 (1,527,062) 68,900 68,900 100,560 (31,660) 21,744 36,744 40,445 (3,701) 80,819 80,819 56,820 23,999 2,054,084 2,034,857 897,208 1,137,649 72,100 76,327 76,327 - 540,714 540,714 6,980 533,734 2,838,361 2,838,361 1,178,340 1,660,021 499,167 499,167 632,126 132,959 (499,167) (499,167) (499,167) (499,167) (499,167) (499,167) - 132,959 132,959 10, 449, 263 10, 449, 263 10, 449, 263 10, 449, 263 - - 132,959 132,959 10,449,263 207,569 207,569 207,569 - - 10,449,263 - 207,569 207,569 340,528 132,959 10,449,263 10,449,263 62 City of Baldwin Park Schedule of Revenues, Expenditures, and Changes in Fund Balances — Budget and Actual (Continued) Major Governmental Funds Year ended June 30, 2011 Revenues Taxes Use of money and property Other Expenditures Current: General government Community development Debt service: Principal retirement Interest and fiscal charges Special Revenue Low /Moderate Income Housing Variance with Budgeted Amounts Final Budget Positive Original Final Actual (Negative) $ 1,326,800 1,326,800 1,195,903 (130,897) 52,000 52,000 83,830 31,830 14,200 14,200 49,244 35,044 Total revenues 1,393,000 1,393,000 1,328,977 (64,023) 111,700 111,700 79,518 32,182 125,400 125,400 147,883 (22,483) 3,435 3,435 6,715 (3,280) Total expenditures 240,535 240,535 234,116 6,419 Excess (deficiency) of revenues over expenditures 1,152,465 1,152,465 1,094,861 (57,604) Other financing sources (uses) Transfers in Transfers out Net other financing sources (uses) Change in fund balances Beginning fund balances Ending fund balances 1,152,465 1,152,465 1,094,861 (57,604) 7,353,045 7,353,045 7,353,045 - $ 8,505,510 8,505,510 8,447,906 (57,604) 63 City of Baldwin Park Schedule of Funding Progress Year ended June 30, 2011 Defined Benefit Pension Plan (California Public Employees' Retirement System) (in $ thousands) Safety Valuation Actuarial Actuarial Unfunded Funded Covered UAAL as a % of Date Liabilities Assets Liabilities Ratio Payroll Covered Payroll Actuarial (A) (B) (B -A) (A/B) (C) [(B -A) /C] 6/30/2007 7,986,055 6,826,599 1,159,456 85.5% 831,608 139.42% 6/30/2008 8,700,468 7,464,928 1,235,540 85.8% 914,841 135.06% 6/30/2009 9,721,675 8,027,159 1,694,517 82.6% 973,814 174.01% 6/30/2010 10,165,475 8,470,235 1,695,240 83.3% 955,981 177.33% (The schedule of the funding progress is for the entire risk pool) Miscellaneous Valuation Actuarial Actuarial Unfunded Funded Covered UAAL as a % of Date Liabilities Assets Liabilities Ratio Payroll Covered Payroll Actuarial (A) (B) (B -A) (A/B) (C) [(B -A) /C] 6/30/2007 41,722 46,483 -4,761 111.4% 5,576 - 85.38% 6/30/2008 44,632 42,337 2,295 94.9% 5,929 38.71% 6/30/2009 48,823 43,584 5,239 89.3% 5,624 93.15% 6/30/2010 53,040 45,458 7,582 85.7% 6,448 117.59% (The schedule of the funding progress is for the entire risk pool) Postemployment Benefit Plan •A Unfunded Actuarial Unfunded Accrued Entry Age Accrued Liability Actuarial Liability Actuarial Actuarial Actuarial (Excess Assets) as Percentage of Valuation Accrued Asset [(A) -(B)] Funded Ratio Covered Covered Payroll Date Liability (AAL) Value (UAAL) [(B) /(A)} Payroll {[(A)- (B)] /(E)} (A) (B) ( C) (D) (E) (F) January 1, 2009 $ 22,320,143 $ - $ 22,320,143 0.00% $ 10,932,861 204% January 1, 2011 23,548,132 23,548,132 0.00% 10,926,010 216% •A City of Baldwin Park Notes to Required Supplementary Information June 30, 2011 Basis of Presentation Budgets for the General Fund and certain Special Revenue Funds are adopted on a basis consistent with generally accepted accounting principles ( "GAAP "). Accordingly, actual revenues and expenditures are comparable to budgeted amounts. Budgetary Control and Accounting The City budget is prepared under the direction of the Chief Executive Officer. Revenues are budgeted by source. Expenditures are budgeted by function, with sub classifications by department, cost center, object of expenditure, and project. A cost center represents a particular area of operations within a department; for example, within the Police Department there are cost centers for the Chief of Police, Patrol, Investigations, Administration, Communications, and Records. Total budgeted expenditures of each Governmental Fund may not legally exceed such fund's appropriations. The City Council approves total budgeted appropriations and any amendments to total appropriations made during the year. This "appropriated budget" covers substantially all City expenditures, with the exception of Assessment District and Low /Moderate Income Housing Special Revenue Funds and Debt Service and Capital Projects funds, which have legally authorized "nonappropriated budgets ". Department heads are authorized to transfer budgeted amounts up to $10,000 between cost centers and any amount which does not alter total budgeted appropriations to a cost center, the Chief Executive Officer is authorized to transfer amounts in excess of $10,000. City Council approval is required for any overall increase in total appropriations to a fund. The legal level of budgetary control is the fund level. All appropriations lapse at year -ended are appropriated and budgeted again, if necessary. Supplemental appropriations during the year ended June 30, 2011 were not significant. Formal budgetary integration is employed as a management control device. Commitments for materials and services, such as purchase orders and contracts, are recorded during the year as encumbrances to assist in controlling expenditures. Such encumbrances are reappropriated into the City's budget for the next fiscal year. Under Article XIII B of the California Constitution (the Gann Spending Limitation Initiative), the City is restricted as to the amount of annual appropriations from the proceeds of taxes. If proceeds of taxes exceed allowed appropriations, the excess must either be refunded to the State Controller or returned to the taxpayers through revised rates, revised fee schedules or other arrangements. For the fiscal year ended June 30, 2011, proceeds of taxes did not exceed allowed appropriations. 65 City of Baldwin Park Notes to Required Supplementary Information June 30, 2011 Expenditures in Excess of Appropriations Expenditures for the year ended June 30, 2011 exceeded the appropriation by the following amounts in the following funds: Nonmajor Special Revenue Fund Federal Asset Forfeiture Federal Surface Transportation Program Storm Drain NPDS Measure R M. 75,800 11,950 103,246 33,047 (This page intentionally left blank.) SUPPLEMENTARY INFORMATION City of Baldwin Park Description of Nonmajor Governmental Funds SPECIAL REVENUE FUNDS The Special Revenue Funds account for the proceeds of specific sources that are legally restricted for expenditures related to specific purposes. Funds included are: Business Improvement Fees To account for the Parking and Business Improvement Area Law (AB -1693) revenue. The revenue is collected through a Citywide Business Improvement District and used by the Chamber of Commerce, under agreement with the City, to promote local business activities. Air Quality Improvement To account for monies received from the South Coast Air Quality Management District. These monies are to be used for programs that reduce air pollution from motor vehicles. Traffic Safety Fund To account for revenues derived from parking citations and fines or forfeitures related to violations of the vehicle code. According to State law, these revenues may only be used for traffic control and traffic safety related purposes. Federal Asset Forfeiture Fund To account for monies received from Federal agencies in Asset Forfeiture cases. These monies are restricted solely for law enforcement purposes. Park Maintenance District To account for revenues received from a City -wide Park Maintenance assessment district. The District is responsible for landscaping, tree trimming, irrigation and maintenance of parks within the City. State Gasoline Tax Fund To account for the City's share of tax revenues collected by the State on the sale of fuel for motor vehicles. The use of these funds is restricted to the construction, improvement, or maintenance of public streets. Bicycle and Pedestrian Safety To account for revenues received from the State under the Transportation Development Act. Their use is restricted to the construction of bicycle and pedestrian facilities. Prop A Fund To account for the City's share of an additional one -half percent sales tax that was approved by the electorate in November 1980 and is collected by the County of Los Angeles to finance certain transportation projects. Prop C Fund To account for the City's share of a sales tax increase approved by Los Angeles County voters in 1990 to fund transportation projects. Economic Development Act To account for the activity of several revolving business loan Revolving Loan Fund programs established with grant revenues made available through the Federal Economic Development Act. Street Light and Landscape To account for revenues received from a citywide Landscape Fund Maintenance District. The District is responsible for the maintenance of streetlights and the landscaping of median islands, parkways, street trees, and city parks. 67 City of Baldwin Park Description of Nonmajor Governmental Funds SPECIAL REVENUE FUNDS (CONTINUED) Residential Development Tax To account for fees received from developers constructing new residential units. These monies are used to help defray the cost of providing public services for the new residents. Integrated Waste Management To account for revenues received from AB939 fees. These Fund monies are used for waste management projects. Summer Food Program Fund To account for revenues received from the USDA, which are used to provide meals to youths. Federal Surface Transportation To account for monies received from the Federal government to Program Fund improve designated public right -of -ways. Prop A Parks Fund To account for monies received from the County to construct and improve parks. Assessment District Fund To account for the revenues collected through assessments of property owners within Assessment District 93 -1. Assessment District 93 -1 was formed to construct certain public improvements. Supplemental Law Enforcement To account for monies received from the State allocated by Service Fund AB3229 of 1996 for the Citizen Option for Public Safety (COPS) Program. State Asset Forfeiture Fund To account for monies received from State agencies in Asset Forfeiture cases. These monies are restricted solely for law enforcement purposes. Local Law Enforcement Block To account for monies received from the Federal government to Grant Fund be used for basic law enforcement purposes. Economic Development To account for monies received from the Economic Development Administration Grant Administration to improve designated public right -of -ways. Traffic Congestion Relief This fund was created to monitor the use of funds provided by the AB 2928 State of California for street and highway pavement maintenance, rehabilitation and reconstruction of necessary associated facilities such as drainage and traffic control devices. Energy Conservation This fund is used to account for the expenditures of the new energy efficient program that provides for non - energy related capital improvements. This fund is substantially funded out of current state and local grants, energy and operational savings. State Grants This fund is used to account for revenues and expenditures for various grants that are restricted for specific use. Parkland (Quimby) May only be solely utilized for the acquisition of new and rehabilitation of existing community park and recreational facilities. Public Art May be utilized for the design, acquisition, commission, installation, improvement, maintenance, and insurance of an Art Work; to support performing arts; for the acquisition and improvement of real property for displaying of Art Work; maintenance of Art Work, costs associated with administering the Art in Public Places Program (15% max). .: City of Baldwin Park Description of Nonmajor Governmental Funds SPECIAL REVENUE FUNDS (CONTINUED) Storm Drain NPDS These are developer fees to be used for storm drain protection, master planning updates and system upgrade. CaIHOME Grant This fund is used to account for revenues and expenditures for grants restricted for residential rehabilitation program. General Plan/Technology May be utilized toward activities that support and implement the goals and policies contained within the General Plan (i.e. Housing Element updates and Zoning Code changes). The technology portion of this fee shall only be utilized toward the purchase and on -going maintenance of an electronic permitting system for primary use by Building, Planning, Code Enforcement and Public Works. Housing and Coummunity This fund accounts for housing assistance programs, which include Development Block Grant Voucher, CIAP and New Construction, administered by the City's Housing Authority under the rules and regulations of the U.S. Department of Housing and Urban Development. Measure R These are similar to local return type funds to be used for traffic relief and transportation upgrades citywide over the next 30 years. These funds may be for projects such as pothole repairs, major street resurfacing, left -turn signals, bikeways, pedestrian improvements, streetscapes, traffic signal synchronization, local transit services and programs. DEBT SERVICE FUND Debt Service Fund is used to account for the accumulation of resources for, and the payment of debt. City This fund is used to account for the receipts and debt service payments on the City's assessment districts. Pension Obligation This fund is used to account for the receipts and debt service payments on the pension obligation bond. Baldwin Park Financing This fund accounts for the receipt of revenues and payment of debt Authority Debt Service incurred for the City's projects. Fund CAPITAL PROJECTS FUND Capital project fund is used to account for financial resources to be used for the acquisition or construction of major capital facilities. Building Reserve This fund is used to account for the receipt of resources for the 2004 Community Center Lease Revenue Bonds. .• Assets Pooled cash and investments Cash with fiscal agent Intergovernmental receivables Loans receivable Other receivables, net Due from other funds Prepaids Liabilities and fund balances Liabilities Accounts payable Deposits and others Due to other funds Deferred revenue Fund balances Nonspendable Loans receivable Prepaid items Restricted Special revenue funds Debt service funds Capital projects funds Committed Unassigned Total assets $ Total liabilities City of Baldwin Park Combining Balance Sheet Nonmajor Governmental Funds June 30, 2011 Special Capital Revenue Debt Service Projects Funds Funds Funds Totals 17,688,776 60,690 12,463 $ 17,761,929 - 1,688,130 - 1,688,130 3,025,669 233 - 3,025,902 180,553 - - 180,553 17,550 90 - 17,640 8,123 - - 8,123 20,920,671 1,749,143 12,463 $ 22,682,277 $ 1,670,399 - 55 $ 1,670,454 386,250 - - 386,250 1,132,034 211,281 - 1,343,315 264,471 - - 264,471 3,453,154 211,281 55 3,664,490 180,554 - - 180,554 8,123 - - 8,123 15,744,881 - - 15,744,881 - 1,537,862 - 1,537,862 - - 12,408 12,408 1,662,234 - - 1,662,234 (128,275) - - (128,275) Total fund balances 17,467,517 1,537,862 12,408 19,017,787 Total liabilities and fund balances $ 20,920,671 1,749,143 12,463 $ 22,682,277 70 City of Baldwin Park Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Governmental Funds Year ended June 30, 2011 Revenues Taxes Licenses and permits Fines, forfeitures and penalties Use of money and property Intergovernmental Charges for services Other Expenditures General government Public safety Public works Community development Recreation services Capital outlay Debt service Principal retirement Interest and fiscal charges Total revenues Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses) Transfers in Transfers out Net other financing sources (uses) Change in fund balances before special item Special item Change in fund balances Beginning fund balances Ending fund balances Special Capital Revenue Debt Service Projects Funds Funds Funds Totals $ 2,653,210 $ 2,653,210 24,330 24,330 320,689 320,689 63,366 39,339 25 102,730 14,913,701 - - 14,913,701 362,691 30,577 393,268 254,973 1,483,341 1,738,314 18,592,960 1,553,257 25 20,146,242 399,549 - - 399,549 1,084,163 - 1,084,163 5,059,541 6,532 5,066,073 5,436,774 - 5,436,774 1,106,109 1,106,109 5,264,270 - 5,264,270 - 1,854,000 1,854,000 - 1,393,476 1,393,476 18,350,406 3,247,476 6,532 21,604,414 242,554 (1,694,219) (6,507) (1,458,172) 907,925 1,713,259 685,825 3,307,009 (1,073,086) (38,842) (679,298) (1,791,226) (168,161) 1,674,417 6,527 1,512,783 74,393 (19,802) 20 54,611 - - (2,575,008) (2,575,008) 74,393 (19,802) (2,574,988) (2,520,397) 17,393,124 1,557,664 2,587,396 21,538,184 $ 17,467,517 1,537,862 12,408 $ 19,017,787 71 (This page intentionally left blank.) 72 Assets Pooled cash and investments Intergovernmental receivables Loans receivable Other receivables, net Due from other funds Prepaids Liabilities and fund balances Liabilities Accounts payable Deposits and others Due to other funds Deferred revenue Fund balances Nonspendable Loans receivable Prepaid items Restricted Special revenue funds Committed Unassigned Business Air Federal Park Improvement Quality Asset Maintenance Fees Improvement Forfeiture District $ 168,453 462,776 1,820,956 27,648 - 19,518 8,764 19,567 222 423 2,028 - - - 1,156 - Total assets $ 168,675 482,717 1,832,904 47,215 $ - 2,925 17,464 47,215 Total liabilities - 2,925 17,464 47,215 - - 1,156 168,675 479,792 1,814,284 Total fund balances 168,675 479,792 1,815,440 Total liabilities and fund balances $ 168,675 482,717 1,832,904 47,215 73 City of Baldwin Park Combining Balance Sheet Nonmajor Special Revenue Funds June 30, 2011 28,361 - 232,707 74,576 1,201 108,989 - - - - 168 - - - - - 45,811 - 28,361 - 232,707 74,576 47,180 108,989 - - - - 45,811 - 2,712,230 369 113,715 2,567,188 - 729,263 - - - - 1,662,234 - 2,712,230 369 113,715 2,567,188 1,708,045 729,263 2,740,591 369 346,422 2,641,764 1,755,225 838,252 74 Economic State Bicycle and Development Street Light Gasoline Pedestrian Prop A Prop C Act Revolving and Tax Safety Fund Fund Loan Landscape 2,738,752 337 346,100 2,639,339 1,707,602 751,439 - - - - 200 86,235 - - - - 45,811 - 1,839 32 322 2,425 1,612 578 1,755,225 838,252 2,740,591 369 346,422 2,641,764 28,361 - 232,707 74,576 1,201 108,989 - - - - 168 - - - - - 45,811 - 28,361 - 232,707 74,576 47,180 108,989 - - - - 45,811 - 2,712,230 369 113,715 2,567,188 - 729,263 - - - - 1,662,234 - 2,712,230 369 113,715 2,567,188 1,708,045 729,263 2,740,591 369 346,422 2,641,764 1,755,225 838,252 74 Residential Integrated Summer Development Waste Food Tax Management Program Assets Pooled cash and investments $ 4 586,338 1,204 Intergovernmental receivables - 74,443 - Loans receivable - - - Other receivables, net - 559 - Due from other funds - - - Prepaids - - - Total assets $ 4 661,340 1,204 Liabilities and fund balances Liabilities Accounts payable Deposits and others Due to other funds Deferred revenue Total liabilities Fund balances Nonspendable Loans receivable Prepaid items Restricted Special revenue funds Committed Unassigned Total fund balances $ - 28,833 1,204 - 386,082 - - 414,915 1,204 4 246,425 - 4 246,425 - Total liabilities and fund balances $ 4 661,340 1,204 75 City of Baldwin Park Combining Balance Sheet (Continued) Nonmajor Special Revenue Funds June 30, 2011 Federal Surface State Local Law Transportation Prop A Assessment Asset Enforcement Program Parks District Forfeiture Block Grant 695,608 1,267 335,598 172,490 14,444 - - 1,576 - - 510 - 316 2,271 14 696,118 1,267 337,490 174,761 14,458 21,655 1,267 - 1,089 - 21,655 1,267 - 1,089 - 674,463 - 337,490 173,672 14,458 674,463 173,672 14,458 - 337,490 696,118 1,267 337,490 174,761 14,458 76 Economic Development Traffic Park Land Administration Congestion Energy and Public Grant Relief Conservation Grants Art Fees Assets Pooled cash and investments $ 512 228,494 - 848,746 Intergovernmental receivables - - 2,293,987 - Loans receivable - - - Other receivables, net - 114 801 Due from other funds - - - Prepaids - - 450 - Total assets $ 512 228,608 2,294,437 849,547 Liabilities and fund balances Liabilities Accounts payable Deposits and others Due to other funds Deferred revenue Total liabilities Fund balances Nonspendable Loans receivable Prepaid items Restricted $ 179,206 741,524 1,132, 034 - 83,917 179,206 1,957,475 450 Special revenue funds 512 49,402 336,512 849,547 Committed - - - - Unassigned - - - - Total fund balances 512 49,402 336,962 849,547 Total liabilities and fund balances $ 512 228,608 2,294,437 849,547 77 City of Baldwin Park Combining Balance Sheet (Continued) Nonmajor Special Revenue Funds June 30, 2011 Storm Drain CalHome General Plan Housing NPDS Grant Fees Authority Measure R Totals 40,166 6,462 393,384 2,581,429 1,119,228 $ 17,688,776 - - - 521,379 - 3,025,669 - 134,743 - - - 180,553 48 6 373 2,050 1,007 17,550 - - - 6,517 - 8,123 40,214 141,211 393,757 3,111,375 1,120,235 20,920,671 12,041 - 29,157 123,870 17,115 1,670,399 - - - - 386,250 - - 1,132,034 - 134,743 - 264,471 12,041 134,743 29,157 123,870 17,115 3,453,154 134,743 - 180,554 - 6,517 8,123 28,173 364,600 2,980,988 1,103,120 15,744,881 - - - - 1,662,234 - (128,275) - - - (128,275) 28,173 6,468 364,600 2,987,505 1,103,120 17,467,517 40,214 141,211 393,757 3,111,375 1,120,235 20,920,671 78 Revenues Taxes Licenses and permits Fines, forfeitures and penalties Use of money and property Intergovernmental Charges for services Other Total revenues Expenditures General government Public safety Public works Community development Recreation services Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses) Transfers in Transfers out Net other financing sources (uses) Change in fund balances Beginning fund balances Ending fund balances Business Air Federal Park Improvement Quality Asset Maintenance Fees Improvement Forfeiture District $ 68,178 - - 632,137 - - 319,018 - 880 1,692 9,029 - - 89,540 - - - - 54,297 1,523 69,058 91,232 382,344 633,660 27,500 - - - - - 745,722 - - - - 290,986 - 12,399 - - 72,285 - - 484,008 - - 314,145 11,462 99,785 12,399 1,059,867 786,456 (30,727) 78,833 (677,523) (152,796) - - - 152,798 - - - 152,798 (30,727) 78,833 (677,523) 2 199,402 400,959 2,492,963 (2) $ 168,675 479,792 1,815,440 - 79 City of Baldwin Park Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Special Revenue Funds Year ended June 30, 2011 State Bicycle and Gasoline Pedestrian Prop A Tax Safety Fund Economic Development Street Light Prop C Act Revolving and Fund Loan Landscape - - - - - 1,719,471 - - 24,330 - - - - - - - 1,671 - 6,817 33 1,055 10,967 4,438 1,041 1,889,842 50,000 1,125,961 949,318 - - 5,048 - 2,210 2,633 71,580 5,704 1,901,707 50,033 1,153,556 962,918 77,689 1,726,216 14,332 - 53,609 54,180 - 38,368 526,621 50,000 1,049,794 554,601 - 1,295,914 - - - - 16,806 - 2,681 - 59,156 15,146 - 40,259 - - - 629,780 - - 543,634 50,000 1,162,559 1,253,707 16,806 1,374,541 1,358,073 33 (9,003) (290,789) 60,883 351,675 - 230,567 73,851 - - (402,044) - (234,299) - - - (402,044) - (3,732) 73,851 - - 956,029 33 (12,735) (216,938) 60,883 351,675 1,756,201 336 126,450 2,784,126 1,647,162 377,588 2,712,230 369 113,715 2,567,188 1,708,045 729,263 I Revenues Taxes Licenses and permits Fines, forfeitures and penalties Use of money and property Intergovernmental Charges for services Other Expenditures General government Public safety Public works Community development Recreation services Capital outlay Total revenues Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses) Transfers in Transfers out Net other financing sources (uses) Change in fund balances Beginning fund balances Ending fund balances 81 Residential Integrated Summer Development Waste Food Tax Management Program 4 2,228 - - 316,822 108,297 - 1,100 - - 2,614 615 4 322,764 108,912 - 7,075 - - 320,480 - - - 188,180 - 327,555 188,180 4 (4,791) (79,268) 65,000 65,000 4 (4,791) (14,268) 251,216 14,268 $ 4 246,425 - City of Baldwin Park Combining Statement of Revenues, Expenditures and Changes in Fund Balances (Continued) Nonmajor Special Revenue Funds Year ended June 30, 2011 Federal Surface State Local Law Transportation Prop A Assessment Asset Enforcement Program Parks District Forfeiture Block Grant 1,942 41 1,328 714 59 233,173 65,095 12,242 3,925 - - 921 - - - 235,115 66,057 13,570 4,639 59 - - 9,623 - - 84,765 - - - 11,950 - - - - 11,950 84,765 - 9,623 - 223,165 (18,708) 13,570 (4,984) 59 18,660 - - - 18,660 - - - 223,165 (48) 13,570 (4,984) 59 451,297 48 323,920 178,656 14,399 674,463 - 337,490 173,672 14,458 82 Revenues Taxes Licenses and permits Fines, forfeitures and penalties Use of money and property Intergovernmental Charges for services Other Expenditures General government Public safety Public works Community development Recreation services Capital outlay Total revenues Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses) Transfers in Transfers out Net other financing sources (uses) Change in fund balances Beginning fund balances Ending fund balances Economic Development Traffic Park Land Administration Congestion Energy and Public Grant Relief Conservation Grants Art Fees 1 (1,567,498) (79,121) 46,688 - 233,424 (73,851) 1 3,599 480 3,367 - - 4,090,255 - 1,026 149,396 50,661 - - 3,029 - 1 4,625 4,476,584 54,028 - - 22,590 - - 328,818 636,203 23,011 - 609,765 - 234,255 - 935,920 3,337,266 7,340 1,572,123 4,555,705 7,340 1 (1,567,498) (79,121) 46,688 - 132,750 234,299 (73,851) (132,750) (233,142) (73,851) 1,157 - 1 (1,641,349) (77,964) 46,688 511 1,690,751 414,926 802,859 512 49,402 336,962 849,547 83 City of Baldwin Park Combining Statement of Revenues, Expenditures and Changes in Fund Balances (Continued) Nonmajor Special Revenue Funds Year ended June 30, 2011 Storm Drain CalHome General Plan Housing NPDS Grant Fees Authority Measure R Totals $ 2,653,210 24,330 320,689 432 26 1,465 8,414 3,314 63,366 - - - 5,296,278 682,953 14,913,701 54,679 105,829 - - 362,691 106 104,693 - 254,973 55,217 26 107,294 5,409,385 686,267 18,592,960 - - - 178,562 3,333 399,549 - - - 1,084,163 150,243 - - 76,923 5,059,541 - 48,071 4,749,733 - 5,436,774 - 6,855 3,284 1,106,109 - - - 16,407 5,264,270 150,243 48,071 4,935,150 99,947 18,350,406 (95,026) 26 59,223 474,235 586,320 242,554 907,925 (1,076,086) (168,161) (95,026) 26 59,223 474,235 586,320 74,393 123,199 6,442 305,377 2,513,270 516,800 17,393,124 28,173 6,468 364,600 2,987,505 1,103,120 $ 17,467,517 :M Assets Pooled cash and investments $ Cash with fiscal agent Intergovernmental receivables Other receivables, net Total assets $ Liabilities and fund balances Liabilities Due to other funds $ Total liabilities Fund balances Restricted Debt service funds Total fund balances City of Baldwin Park Balance Sheet Nonmajor Debt Service Funds June 30, 2011 Baldwin Park Pension Financing Obligation City Authority Totals 583 60,107 - $ 60,690 111 - 1,688, 019 1,688,130 - 233 - 233 - 61 29 90 694 60,401 1,688,048 $ 1,749,143 - 211,281 $ 211,281 - - 211,281 211,281 694 60,401 1,476,767 1,537,862 694 60,401 1,476,767 1,537,862 Total liabilities and fund balances $ 694 60,401 1,688,048 $ 1,749,143 85 City of Baldwin Park Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Debt Service Funds Year ended June 30, 2011 Expenditures 499,167 Baldwin Park 1,713,259 Transfers out Pension Financing (38,842) Net other financing sources (uses) Obligation City Authority Totals Revenues 642,000 1,854,000 Interest and fiscal charges Use of money and property $ 113 219 39,007 $ 39,339 Charges for services - 30,577 - 30,577 Contribution from the City 1,483,341 Excess (deficiency) of revenues over expenditures 1,483,341 (513,431) Total revenues 1,483,454 30,796 39,007 1,553,257 Expenditures 499,167 1,214,092 1,713,259 Transfers out Debt Service (38,842) (38,842) Net other financing sources (uses) 499,167 Principal retirement 925,000 287,000 642,000 1,854,000 Interest and fiscal charges 564,117 257,227 572,132 1,393,476 Total expenditures 1,489,117 544,227 1,214,132 3,247,476 Excess (deficiency) of revenues over expenditures (5,663) (513,431) (1,175,125) (1,694,219) Other financing sources (uses) Transfers in 499,167 1,214,092 1,713,259 Transfers out - (38,842) (38,842) Net other financing sources (uses) 499,167 1,175,250 1,674,417 Change in fund balances (5,663) (14,264) 125 (19,802) Beginning fund balances 6,357 74,665 1,476,642 1,557,664 Ending fund balances $ 694 60,401 1,476,767 $ 1,537,862 :• Revenues Taxes Licenses and permits Fines, forfeitures and penalties Use of money and property Intergovernmental Charges for services Other Expenditures General government Public safety Public works Community development Recreation services Capital outlay Debt service Total expenditures 112,500 112,500 27,500 85,000 - - 72,285 (72,285) 112,500 112,500 99,785 12,715 Excess (deficiency) of revenues over expenditures (41,000) (41,000) (30,727) 10,273 Other financing sources (uses) Capital leases Transfers in Transfers out Net other financing sources (uses) Change in fund balances Beginning fund balances Ending fund balances (41,000) (41,000) (30,727) 10,273 199,402 199,402 199,402 - $ 158,402 158,402 168,675 10,273 87 Business Improvement Fees Variance with Final Budget - Budgeted Amounts Positive Original Final Actual (Negative) $ 69,900 69,900 68,178 (1,722) 1,600 1,600 880 (720) Total revenues 71,500 71,500 69,058 (2,442) Total expenditures 112,500 112,500 27,500 85,000 - - 72,285 (72,285) 112,500 112,500 99,785 12,715 Excess (deficiency) of revenues over expenditures (41,000) (41,000) (30,727) 10,273 Other financing sources (uses) Capital leases Transfers in Transfers out Net other financing sources (uses) Change in fund balances Beginning fund balances Ending fund balances (41,000) (41,000) (30,727) 10,273 199,402 199,402 199,402 - $ 158,402 158,402 168,675 10,273 87 City of Baldwin Park Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Nonmajor Special Revenue Funds Year ended June 30, 2011 Air Qualitv Improvement 5,100 5,100 - 5,100 Variance with 22,300 12,399 9,901 Final Budget - Budgeted Amounts 27,400 Positive Original Final Actual (Negative) 2,600 2,600 1,692 (908) 96,900 96,900 89,540 (7,360) 99,500 99,500 91,232 (8,269) 5,100 5,100 - 5,100 22,300 22,300 12,399 9,901 27,400 27,400 12,399 15,001 72,100 72,100 78,833 6,733 72,100 72,100 78,833 6,733 400,959 400,959 400,959 - 473,059 473,059 479,792 6,733 -I Expenditures General government - - - Public safety 663,800 663,800 745,722 (81,922) Public works - - - - Community development - - - - Recreation services - - - - Capital outlay - 320,267 314,145 6,122 Debt service - - - - Total expenditures 663,800 984,067 1,059,867 (75,800) Excess (deficiency) of revenues over expenditures (74,900) (395,167) (677,523) (282,356) Other financing sources (uses) Capital leases Transfers in Transfers out Net other financing sources (uses) Change in fund balances Beginning fund balances Ending fund balances :• (74,900) (395,167) (677,523) (282,356) 2,492,963 2,492,963 2,492,963 - $ 2,418,063 2,097,796 1,815,440 (282,356) Federal Asset Forfeiture Variance with Final Budget - Budgeted Amounts Positive Revenues Original Final Actual (Negative) Taxes - Licenses and permits - - - - Fines, forfeitures and penalties 577,300 577,300 319,018 (258,282) Use of money and property 11,600 11,600 9,029 (2,571) Intergovernmental - - - - Charges for services - - - - Other - - 54,297 54,297 Total revenues 588,900 588,900 382,344 (206,556) Expenditures General government - - - Public safety 663,800 663,800 745,722 (81,922) Public works - - - - Community development - - - - Recreation services - - - - Capital outlay - 320,267 314,145 6,122 Debt service - - - - Total expenditures 663,800 984,067 1,059,867 (75,800) Excess (deficiency) of revenues over expenditures (74,900) (395,167) (677,523) (282,356) Other financing sources (uses) Capital leases Transfers in Transfers out Net other financing sources (uses) Change in fund balances Beginning fund balances Ending fund balances :• (74,900) (395,167) (677,523) (282,356) 2,492,963 2,492,963 2,492,963 - $ 2,418,063 2,097,796 1,815,440 (282,356) City of Baldwin Park Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual (Continued) Nonmajor Special Revenue Funds Year ended June 30, 2011 Park Maintenance District - - State Gasoline Tax 11,800 11,800 14,332 Variance with 239,800 239,800 290,986 Variance with 850,200 850,200 Final Budget- 323,579 592,400 592,400 Final Budget - Budgeted Amounts 8,500 Positive Budgeted Amounts 9,500 Positive Original Final Actual (Negative) Original Final Actual (Negative) 609,500 609,500 632,137 22,637 - - - - - - - - 5,400 5,400 6,817 1,417 - - - - 1,269,750 1,269,750 1,889,842 620,092 - - 1,523 1,523 - - 5,048 5,048 609,500 609,500 633,660 24,160 1,275,150 1,275,150 1,901,707 626,557 - - - - 11,800 11,800 14,332 (2,532) 239,800 239,800 290,986 (51,186) 850,200 850,200 526,621 323,579 592,400 592,400 484,008 108,392 8,500 8,500 2,681 5,819 9,500 9,500 11,462 (1,962) - - - - 841,700 841,700 786,456 55,244 870,500 870,500 543,634 326,866 (232,200) (232,200) (152,796) 79,404 404,650 404,650 1,358,073 953,423 232,200 232,200 152,798 (79,402) - - - - - - - - (407,100) (407,100) (402,044) 5,056 232,200 232,200 152,798 (79,402) (407,100) (407,100) (402,044) 5,056 - - 2 2 (2,450) (2,450) 956,029 958,479 (2) (2) (2) - 1,756,201 1,756,201 1,756,201 - (2) (2) - 2 1,753,751 1,753,751 2,712,230 958,479 .I Revenues Taxes Licenses and permits Fines, forfeitures and penalties Use of money and property Intergovernmental Charges for services Other Expenditures General government Public safety Public works Community development Recreation services Capital outlay Debt service Bicycle and Pedestrian Safety Variance with Final Budget - Budgeted Amounts Positive Original Final Actual (Negative) - - 33 33 - 50,000 50,000 - Total revenues - 50,000 50,033 33 Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses) Capital leases Transfers in Transfers out Net other financing sources (uses) Change in fund balances Beginning fund balances Ending fund balances 91 - 50,000 50,000 - - 50,000 50,000 - - - 33 33 - - 33 33 336 336 336 - $ 336 336 369 33 City of Baldwin Park Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual (Continued) Nonmajor Special Revenue Funds Year ended June 30, 2011 Prop A Fund 63,400 63,400 53,609 Variance with 1,054,300 1,159, 300 1,049,794 Final Budget - Budgeted Amounts 59,156 Positive Original Final Actual (Negative) 40,000 40,000 24,330 (15,670) 1,000 1,000 1,055 55 1,207,000 1,207,000 1,125,961 (81,039) - - 2,210 2,210 1,248,000 1,248,000 1,153,556 (94,444) 63,400 63,400 53,609 9,791 1,054,300 1,159, 300 1,049,794 109,506 55,300 55,300 59,156 (3,856) 75,000 75,000 - 75,000 1,248, 000 1,353,000 1,162, 559 190,441 Prop C Fund Variance with Final Budget - Budgeted Amounts Positive Original Final Actual (Negative) 20,100 20,100 10,967 (9,133) 1,000,000 1,000,000 949,318 (50,682) - - 2,633 2,633 1,020,100 1,020,100 962,918 (57,182) 59,400 59,400 54,180 5,220 743,700 598,700 554,601 44,099 14,600 14,600 15,146 (546) 2,550,000 2,550,000 629,780 1,920,220 3,367,700 3,222,700 1,253,707 1,968,993 - (105,000) (9,003) 95,997 (2,347,600) (2,202,600) (290,789) 1,911,811 - - 230,567 230,567 - - 73,851 73,851 - - (234,299) (234,299) - - - - - (3,732) (3,732) - - 73,851 73,851 (105,000) (12,735) 92,265 (2,347,600) (2,202,600) (216,938) 1,985,662 126,450 126,450 126,450 - 2,784,126 2,784,126 2,784,126 - 126,450 21,450 113,715 92,265 436,526 581,526 2,567,188 1,985,662 92 Expenditures General government - - - - Public safety - - - - Public works - - - - Community development 167,500 167,500 16,806 150,694 Recreation services - - - - Capital outlay - - - - Debt service - - - - Total expenditures 167,500 167,500 16,806 150,694 Excess (deficiency) of revenues over expenditures (139,100) (139,100) 60,883 199,983 Other financing sources (uses) Capital leases Transfers in Transfers out Net other financing sources (uses) Change in fund balances Beginning fund balances Ending fund balances (139,100) (139,100) 60,883 199,983 1,647,162 1,647,162 1,647,162 - $ 1,508,062 1,508,062 1,708,045 199,983 93 Economic Development Act Revolving Loan Variance with Final Budget - Budgeted Amounts Positive Revenues Original Final Actual (Negative) Taxes - Licenses and permits - - - - Fines, forfeitures and penalties 1,800 1,800 1,671 (129) Use of money and property 7,600 7,600 4,438 (3,162) Intergovernmental - - - - Charges for services - - - - Other 19,000 19,000 71,580 52,580 Total revenues 28,400 28,400 77,689 49,289 Expenditures General government - - - - Public safety - - - - Public works - - - - Community development 167,500 167,500 16,806 150,694 Recreation services - - - - Capital outlay - - - - Debt service - - - - Total expenditures 167,500 167,500 16,806 150,694 Excess (deficiency) of revenues over expenditures (139,100) (139,100) 60,883 199,983 Other financing sources (uses) Capital leases Transfers in Transfers out Net other financing sources (uses) Change in fund balances Beginning fund balances Ending fund balances (139,100) (139,100) 60,883 199,983 1,647,162 1,647,162 1,647,162 - $ 1,508,062 1,508,062 1,708,045 199,983 93 City of Baldwin Park Schedule of Revenues, Expenditures and Changes in Fund Balance — Budget and Actual (Continued) Nonmajor Special Revenue Funds Year ended June 30, 2011 37,300 Street Light and Landscape 38,368 Residential Development Tax 1,680,400 1,680,400 1,295,914 Variance with Variance with 40,700 40,259 441 - - - - Final Budget- Final Budget - Budgeted Amounts Positive Budgeted Amounts Positive Original Final Actual (Negative) Original Final Actual (Negative) 1,757,700 1,757,700 1,719,471 (38,229) - - - - 700 700 1,041 341 - - 4 4 - - 5,704 5,704 - - - - 1,758,400 1,758,400 1,726,216 (32,184) - - 4 4 37,300 37,300 38,368 (1,068) - - - - 1,680,400 1,680,400 1,295,914 384,486 - - - - 40,700 40,700 40,259 441 - - - - 1,758,400 1,758,400 1,374,541 383,859 - - - - - - 351,675 351,675 - - 4 4 - 351,675 351,675 - - 4 4 377,588 377,588 377,588 - - - - - 377,588 377,588 729,263 351,675 - - 4 4 • , Expenditures General government 6,800 Integrated Waste Management 7,075 (275) Public safety - Variance with - - Public works 411,500 Final Budget - 320,480 Budgeted Amounts Community development Positive Revenues Original Final Actual (Negative) Taxes - - Capital outlay - Licenses and permits - - - - Fines, forfeitures and penalties - - - 468,800 Use of money and property 5,500 5,500 2,228 (3,272) Intergovernmental 404,800 404,800 316,822 (87,978) Charges for services 7,600 7,600 1,100 (6,500) Other - - 2,614 2,614 Total revenues 417,900 417,900 322,764 (95,135) Expenditures General government 6,800 6,800 7,075 (275) Public safety - - - - Public works 411,500 411,500 320,480 91,020 Community development - - - - Recreation services - - - - Capital outlay 50,500 50,500 - 50,500 Debt service - - - - Total expenditures 468,800 468,800 327,555 141,245 Excess (deficiency) of revenues over expenditures (50,900) (50,900) (4,791) 46,109 Other financing sources (uses) Capital leases Transfers in Transfers out Net other financing sources (uses) Change in fund balances Beginning fund balances Ending fund balances (50,900) (50,900) (4,791) 46,109 251,216 251,216 251,216 - $ 200,316 200,316 246,425 46,109 95 City of Baldwin Park Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual (Continued) Nonmajor Special Revenue Funds Year ended June 30, 2011 Summer Food Program Federal Surface Transportation Program Variance with Variance with Final Budget- Final Budget - Budgeted Amounts Positive Budgeted Amounts Positive Original Final Actual (Negative) Original Final Actual (Negative) - - - - 1,600 1,600 1,942 342 180,800 180,800 108,297 (72,503) 600,000 600,000 233,173 (366,827) - - 615 615 - - - - 180,800 180,800 108,912 (71,888) 601,600 601,600 235,115 (366,485) 205,800 205,800 188,180 17,620 - - - - - - - - - - 11,950 (11,950) 205,800 205,800 188,180 17,620 - - 11,950 (11,950) (25,000) (25,000) (79,268) (54,268) 601,600 601,600 223,165 (378,435) 25,000 25,000 65,000 40,000 - - - - 25,000 25,000 65,000 40,000 - - - - - - (14,268) (14,268) 601,600 601,600 223,165 (378,435) 14,268 14,268 14,268 - 451,297 451,297 451,297 - 14,268 14,268 - (14,268) 1,052,897 1,052,897 674,463 (378,435) M. Expenditures General government - - - - Public safety - - - - Public works 87,100 87,100 84,765 2,335 Community development - - - Recreation services - - - - Capital outlay - - - - Debt service - - - - Total expenditures 87,100 87,100 84,765 2,335 Excess (deficiency) of revenues over expenditures (24,100) (24,100) (18,708) 5,392 Other financing sources (uses) Capital leases Transfers in Transfers out Net other financing sources (uses) Change in fund balances Beginning fund balances Ending fund balances 97 24,100 24,100 18,660 (5,440) 24,100 24,100 18,660 (5,440) - - (48) (48) 48 48 48 - $ 48 48 - (48) Prop A Parks Variance with Final Budget - Budgeted Amounts Positive Revenues Original Final Actual (Negative) Taxes - Licenses and permits - - - - Fines, forfeitures and penalties - - - - Use of money and property - - 41 41 Intergovernmental 63,000 63,000 65,095 2,095 Charges for services - - - - Other - - 921 921 Total revenues 63,000 63,000 66,057 3,057 Expenditures General government - - - - Public safety - - - - Public works 87,100 87,100 84,765 2,335 Community development - - - Recreation services - - - - Capital outlay - - - - Debt service - - - - Total expenditures 87,100 87,100 84,765 2,335 Excess (deficiency) of revenues over expenditures (24,100) (24,100) (18,708) 5,392 Other financing sources (uses) Capital leases Transfers in Transfers out Net other financing sources (uses) Change in fund balances Beginning fund balances Ending fund balances 97 24,100 24,100 18,660 (5,440) 24,100 24,100 18,660 (5,440) - - (48) (48) 48 48 48 - $ 48 48 - (48) City of Baldwin Park Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual (Continued) Nonmajor Special Revenue Funds Year ended June 30, 2011 Assessment District State Asset Forfeiture Variance with Variance with Final Budget- Final Budget - Budgeted Amounts Positive Budgeted Amounts Positive Original Final Actual (Negative) Original Final Actual (Negative) 2,300 2,300 1,328 (972) 1,400 1,400 714 (686) 10,600 10,600 12,242 1,642 3,900 3,900 3,925 25 670 12,900 12,900 13,570 5,300 5,300 4,639 (661) - - - - 15,000 15,000 9,623 5,377 15,000 15,000 9,623 5,377 - - - - 12,900 12,900 13,570 670 (9,700) (9,700) (4,984) 4,716 12,900 12,900 13,570 670 (9,700) (9,700) (4,984) 4,716 323,920 323,920 323,920 - 178,656 178,656 178,656 - 336,820 336,820 337,490 670 168,956 168,956 173,672 4,716 Local Law Enforcement Block Grant Variance with Final Budget - Budgeted Amounts Positive Revenues Original Final Actual (Negative) Taxes - Licenses and permits - - - - Fines, forfeitures and penalties - - - - Use of money and property 100 100 59 (41) Intergovernmental - - - - Charges for services - - - - Other - - - - Total revenues 100 100 59 (41) Expenditures General government - - - - Public safety 15,400 18,400 - 18,400 Public works - - - - Community development - - - - Recreation services - - - - Capital outlay - - - - Debt service - - - - Total expenditures 15,400 18,400 - 18,400 Excess (deficiency) of revenues over expenditures (15,300) (18,300) 59 18,359 Other financing sources (uses) Capital leases - - - - Transfers in - - - - Transfers out - - - - Net other financing sources (uses) - - - - Change in fund balances (15,300) (18,300) 59 18,359 Beginning fund balances 14,399 14,399 14,399 - Ending fund balances $ (901) (3,901) 14,458 18,359 .. City of Baldwin Park Schedule of Revenues, Expenditures and Changes in Fund Balance — Budget and Actual (Continued) Nonmajor Special Revenue Funds Year ended June 30, 2011 Economic Development Administration Grant Traffic Congestion Relief Variance with Variance with Final Budget- Final Budget - Budgeted Amounts Positive Budgeted Amounts Positive Original Final Actual (Negative) Original Final Actual (Negative) 100 100 1 (99) 13,500 13,500 3,599 (9,901) - - - - 809,400 809,400 - (809,400) - - - - 19,200 19,200 1,026 (18,174) 100 100 1 (99) 842,100 842,100 4,625 (837,475) - - - - - - 636,203 (636,203) - - - - 2,580,000 2,580,000 935,920 1,644,080 - - - 2,580,000 2,580,000 1,572,123 1,007,877 100 100 1 (99) (1,737,900) (1,737,900) (1,567,498) 170,402 - - - - - - (73,851) (73,851) - - - - - - (73,851) (73,851) 100 100 1 (99) (1,737,900) (1,737,900) (1,641,349) 96,551 511 511 511 - 1,690,751 1,690,751 1,690,751 - 611 611 512 (99) (47,149) (47,149) 49,402 96,551 100 Revenues Taxes Licenses and permits Fines, forfeitures and penalties Use of money and property Intergovernmental Charges for services Other Expenditures General government Public safety Public works Community development Recreation services Capital outlay Debt service Total revenues Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses) Capital leases Transfers in Transfers out Net other financing sources (uses) Change in fund balances Beginning fund balances Ending fund balances 101 Enerav Conservation Variance with Final Budget - Budgeted Amounts Positive Original Final Actual (Negative) 136,400 136,400 132,750 (3,650) (136,400) (136,400) (132,750) 3,650 City of Baldwin Park Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual (Continued) Nonmajor Special Revenue Funds Year ended June 30, 2011 Grants Park Land and Public Fees Variance with Variance with Final Budget- Final Budget - Budgeted Amounts Positive Budgeted Amounts Positive Original Final Actual (Negative) Original Final Actual (Negative) 200,000 200,000 233,424 33,424 - - - - - - 480 480 6,000 6,000 3,367 (2,633) 9,624,565 12,540,706 4,090,255 (8,450,451) - - - - 30,000 30,000 149,396 119,396 95,000 95,000 50,661 (44,339) 2,159, 000 148,872 3,029 (145, 843) - - - - 12,013,565 12,919,578 4,476,584 (8,442,994) 101,000 101,000 54,028 (46,972) - - 22,590 (22,590) - - - 450,095 460,812 328,818 131,994 - - - - - 26,150 23,011 3,139 5,000 5,000 - 5,000 821,200 1,022,996 609,765 413,231 - - - - - - 234,255 (234,255) - - - - 10,742,270 11,499,148 3,337,266 8,161,882 20,000 20,000 7,340 12,660 12,013,565 13,009,106 4,555,705 8,453,401 25,000 25,000 7,340 17,660 - (89,528) (79,121) 10,407 76,000 76,000 46,688 (29,312) - - 234,299 234,299 - - - - - - (233,142) (233,142) - - - - - - 1,157 1,157 - - - - - (89,528) (77,964) 11,564 76,000 76,000 46,688 (29,312) 414,926 414,926 414,926 - 802,859 802,859 802,859 414,926 325,398 336,962 11,564 878,859 878,859 849,547 (29, 312) 102 Expenditures General government - - - - Public safety - - - - Public works 47,000 47,000 150,243 (103,243) Community development - - - - Recreation services - - - - Capital outlay - - - - Debt service - - - - Total expenditures 47,000 47,000 150,243 (103,243) Excess (deficiency) of revenues over expenditures Other financing sources (uses) Capital leases Transfers in Transfers out Net other financing sources (uses) Change in fund balances - - (95,026) (95,026) - - (95,026) (95,026) Beginning fund balances 123,199 123,199 123,199 - Ending fund balances $ 123,199 123,199 28,173 (95,026) 103 Storm Drain NPDS Variance with Final Budget - Budgeted Amounts Positive Revenues Original Final Actual (Negative) Taxes - Licenses and permits - - - - Fines, forfeitures and penalties - - - Use of money and property 2,000 2,000 432 (1,568) Intergovernmental - - - - Charges for services 45,000 45,000 54,679 9,679 Other - - 106 106 Total revenues 47,000 47,000 55,217 8,217 Expenditures General government - - - - Public safety - - - - Public works 47,000 47,000 150,243 (103,243) Community development - - - - Recreation services - - - - Capital outlay - - - - Debt service - - - - Total expenditures 47,000 47,000 150,243 (103,243) Excess (deficiency) of revenues over expenditures Other financing sources (uses) Capital leases Transfers in Transfers out Net other financing sources (uses) Change in fund balances - - (95,026) (95,026) - - (95,026) (95,026) Beginning fund balances 123,199 123,199 123,199 - Ending fund balances $ 123,199 123,199 28,173 (95,026) 103 City of Baldwin Park Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual (Continued) Nonmajor Special Revenue Funds Year ended June 30, 2011 CalHome Grant General Plan Fees 104 Variance with Variance with Final Budget- Final Budget - Budgeted Amounts Positive Budgeted Amounts Positive Original Final Actual (Negative) Original Final Actual (Negative) 400 400 26 (374) 2,000 2,000 1,465 (535) - - - - 80,000 80,000 105,829 25,829 300 300 - (300) - - - - 700 700 26 (674) 82,000 82,000 107,294 25,294 - - - - 53,000 53,000 48,071 4,929 53,000 53,000 48,071 4,929 - - - - 700 700 26 (674) 29,000 29,000 59,223 30,223 (674) 700 700 26 29,000 29,000 59,223 30,223 6,442 6,442 6,442 - 305,377 305,377 305,377 - 7,142 7,142 6,468 (674) 334,377 334,377 364,600 30,223 104 Revenues Taxes Licenses and permits Fines, forfeitures and penalties Use of money and property Intergovernmental Charges for services Other Expenditures General government Public safety Public works Community development Recreation services Capital outlay Debt service Total expenditures 227,500 5,046,900 5,952 5,280,352 Excess (deficiency) of revenues over expenditures (284,452) Other financing sources (uses) Capital leases Transfers in Transfers out Net other financing sources (uses) Change in fund balances 227,500 Housing Authority 5,047,900 4,749,733 298,167 4,952 Variance with (1,903) 4,935,150 Final Budget - Budgeted Amounts 345,202 Positive Original Final Actual (Negative) 25,000 25,000 8,414 (16,586) 4,910,500 4,910,500 5,296,278 385,778 60,400 60,400 104,693 44,293 Total revenues 4,995,900 4,995,900 5,409,385 413,485 Total expenditures 227,500 5,046,900 5,952 5,280,352 Excess (deficiency) of revenues over expenditures (284,452) Other financing sources (uses) Capital leases Transfers in Transfers out Net other financing sources (uses) Change in fund balances 227,500 178,562 48,938 5,047,900 4,749,733 298,167 4,952 6,855 (1,903) 4,935,150 5,280,352 345,202 (284,452) 474,235 758,687 (13,148) (13,148) (284,452) (297,600) 13,148 - 13,148 474,235 771,835 Beginning fund balances 2,513,270 2,513,270 2,513,270 - Ending fund balances $ 2,228,818 2,215,670 2,987,505 771,835 105 City of Baldwin Park Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual (Continued) Nonmajor Special Revenue Funds Year ended June 30, 2011 Measure R 3,333 (3,333) 66,900 66,900 76,923 (10,023) 3,284 (3,284) 16,407 (16,407) 66,900 66,900 99,947 (33,047) 575,556 575,556 586,320 10,764 575,556 575,556 586,320 10,764 516,800 516,800 516,800 - 1,092,356 1,092,356 1,103,120 10,764 106 Variance with Final Budget - Budgeted Amounts Positive Original Final Actual (Negative) 100 100 3,314 3,214 642,356 642,356 682,953 40,597 642,456 642,456 686,267 43,811 3,333 (3,333) 66,900 66,900 76,923 (10,023) 3,284 (3,284) 16,407 (16,407) 66,900 66,900 99,947 (33,047) 575,556 575,556 586,320 10,764 575,556 575,556 586,320 10,764 516,800 516,800 516,800 - 1,092,356 1,092,356 1,103,120 10,764 106 Revenues Use of money and property Intergovernmental Charges for services Other Expenditures Current: Community development Debt service: Principal retirement Interest and fiscal charges Total revenues Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses) Transfers in Transfers out Net other financing sources (uses) Change in fund balances Debt Service Pension Obligation 925,000 925,000 Variance with Budgeted Amounts 564,117 Final Budget 1,487,170 1,487,170 Positive Original Final Actual (Negative) 12,330 $ 113 113 1,499,500 1,499,500 1,483,341 (16,159) 1,499,500 1,499,500 1,483,454 (16,046) 925,000 925,000 925,000 562,170 562,170 564,117 (1,948) 1,487,170 1,487,170 1,489,117 (1,948) 12,330 12,330 (5,663) (17,993) 12,330 12,330 (5,663) (17,993) Beginning fund balances 6,357 6,357 6,357 Ending fund balances $ 18,687 18,687 694 (17,993) 107 City of Baldwin Park Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual Debt Service Funds Year ended June 30, 2011 Debt Service Debt Service Baldwin Park Financing Authoritv Variance with Budgeted Amounts Final Budget Budgeted Amounts Original Final Actual Positive (Negative) Original 900 900 219 (681) 400 27,560 27,560 30,577 3,017 28,460 28,460 30,796 2,336 400 Final Actual Variance with Final Budget Positive (Negative) 400 39,007 38,607 400 39,007 38,607 287,000 287,000 287,000 642,000 642,000 642,000 - 240,627 240,627 257,227 (16,600) 580,730 580,730 572,132 8,598 527,627 527,627 544,227 (16,600) 1,222,730 1,222,730 1,214,132 8,598 (499,167) (499,167) (513,431) (14,264) (1,222,330) (1,222,330) (1,175,125) 47,205 499,167 499,167 499,167 1,222,730 1,222,730 1,214,092 (8,638) - - - - - (38,842) (38,842) 499,167 499,167 499,167 1,222,730 1,222,730 1,175,250 (47,480) - - (14,264) (14,264) 400 400 125 (275) 74,665 74,665 74,665 - 1,476,642 1,476,642 1,476,642 - 74,665 74,665 60,401 (14,264) 1,477,042 1,477,042 1,476,767 (275) 108 City of Baldwin Park Schedule of Revenues, Expenditures and Changes in Fund Balance — Budget and Actual Capital Project Funds Year ended June 30, 2011 Other financing sources (uses) Transfers in Transfers out Net other financing sources (uses) Net change in fund balances before special item Special item Change in fund balances Beginning fund balances Ending fund balances 679,230 679,230 685,825 6,595 (679,230) (679,230) (679,298) (68) 6,527 6,527 20,000 20,000 20 (19,980) - - (2,575,008) (2,575,008) 20,000 20,000 (2,574,988) (2,594,988) 2,587,396 2,587,396 2,587,396 $ 2,607,396 2,607,396 12,408 (2,594,988) 109 Capital Project Building Reserve Variance with Budgeted Amounts Final Budget Positive Original Final Actual (Negative) Revenues Taxes - - - Use of money and property $ 20,000 20,000 25 (19,975) Total revenues 20,000 20,000 25 (19,975) Expenditures Current: Public works - - 6,532 (6,532) Total expenditures - - 6,532 (6,532) Excess (deficiency) of revenues over expenditures 20,000 20,000 (6,507) (26,507) Other financing sources (uses) Transfers in Transfers out Net other financing sources (uses) Net change in fund balances before special item Special item Change in fund balances Beginning fund balances Ending fund balances 679,230 679,230 685,825 6,595 (679,230) (679,230) (679,298) (68) 6,527 6,527 20,000 20,000 20 (19,980) - - (2,575,008) (2,575,008) 20,000 20,000 (2,574,988) (2,594,988) 2,587,396 2,587,396 2,587,396 $ 2,607,396 2,607,396 12,408 (2,594,988) 109 (This page intentionally left blank.) Expenditures Debt Se ry ice Current: Gain on sale of properties Redevelopment Agency General government - - - - Community development Variance with 3,384,700 Budgeted Amounts Debt service: Final Budget 577,095 39,567 Principal retirement 1,070,000 Positive 1,070,000 - Original Final Actual (Negative) Revenues 5,918,535 5,918,535 5,777,272 141,263 (1,552,935) Taxes $ 4,299,500 4,299,500 5,311,844 1,012,344 Use of money and property 16,100 16,100 9,799 (6,301) Other 50,000 50,000 231,531 181,531 Total revenues 4,365,600 4,365,600 5,553,174 1,187,574 Expenditures Current: Gain on sale of properties - - General government - - - - Community development 3,384,700 3,384,700 3,248,905 135,795 Debt service: 537,528 577,095 39,567 Principal retirement 1,070,000 1,070,000 1,070,000 - Interest and fiscal charges 1,463,835 1,463,835 1,458,367 5,468 Total expenditures 5,918,535 5,918,535 5,777,272 141,263 Excess (deficiency) of revenues over expenditures (1,552,935) (1,552,935) (224,098) 1,328,837 Other financing sources (uses) Gain on sale of properties - - - - Capital leases - - - - Transfers in 537,528 537,528 577,095 39,567 Transfers out (537,528) (537,528) (1,941,668) (1,404,140) Net other financing sources (uses) - - (1,364,573) (1,364,573) Change in fund balances (1,552,935) (1,552,935) (1,588,671) (35,736) Beginning fund balances 2,980,030 2,980,030 2,980,030 - Ending fund balances $ 1,427,095 1,427,095 1,391,359 (35,736) 110 City of Baldwin Park Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Major Governmental Funds - Debt Service and Capital Projects Year ended June 30, 2011 Capital Proiect Redevelopment Agency Variance with Budgeted Amounts Final Budget Positive Original Final Actual (Negative) 26,000 26,000 12,438 (13,562) 9,800 9,800 16,290 6,490 35,800 35,800 28,728 (7,072) 231,400 231,400 259,768 (28,368) 356,900 356,900 289,535 67,365 198,800 198,800 90,070 108,730 787,100 787,100 639,373 147,727 (751,300) (751,300) (610,645) 140,655 - - 522,745 522,745 575,000 575,000 1,403,414 828,414 575,000 575,000 1,926,159 1,351,159 (176,300) (176,300) 1,315,514 1,491,814 (19,606,407) (19,606,407) (19,606,407) - (19,782,707) (19,782,707) (18,290,893) 1,491,814 111 (This page intentionally left blank.) City of Baldwin Park Description of Enterprise Fund June 30, 2011 The Enterprise Fund is used to account for a 12 -unit complex, which is owned by the City's Housing Authority and occupied by elderly low- income tenants. The fund accounts for monthly rents collected and for expenditures related to the maintenance and operation of these housing units. This fund is reported as a governmental activity in the government -wide financial statements. 112 City of Baldwin Park Statement of Net Assets Enterprise Fund June 30, 2011 ASSETS Current assets Cash and investments $ 72,957 Other receivables 1,512 Total current assets 74,469 Noncurrent assets Capital assets Building 855,831 Less accumulated depreciation (352,754) Net capital assets 503,077 Total noncurrent assets 503,077 Total assets 577,546 IW--1111111'1 Current liabilities Accounts payable Tenant security deposits NET ASSETS Invested in capital assets Unrestricted 113 Total liabilities 3,035 1,801 4,836 503,077 69,633 Total net assets $ 572,710 City of Baldwin Park Statement of Revenues, Expenses and Changes in Fund Net Assets Enterprise Fund Year ended June 30, 2011 Operating revenues Charges for services Other Operating expenses Maintenance Depreciation Other Change in net assets Net assets - beginning Net assets - ending Total operating revenues Total operating expenses 114 915 31,902 32,817 30,459 11,983 5,100 47,542 (14,725) 587,435 $ 572,710 Cash flows from operating activities: Receipts from tenants Payments to suppliers Payments to employees Net cash used in operating activities Cash flows from non - capital financing activities: Interfund advances Net cash provided by non - capital financing activities Net decrease in cash and cash equivalents Beginning cash and cash equivalents Ending cash and cash equivalents Reconciliation of operating loss to net cash used in operating activities: Operating loss Adjustments to reconcile operating loss to net cash used in operating activities: Depreciation Increase in accounts payable Net cash used in operating activities 115 City of Baldwin Park Statement of Cash Flows Enterprise Fund Year ended June 30, 2011 $ 32,815 (16,174) (17,419) (778) (61) (61) (839) 73,796 $ 72,957 $ (14,725) 11,983 1,964 $ (778) City of Baldwin Park Description of Internal Service Funds June 30, 2011 Internal Service Funds are used to account for services provided to City departments and agencies on a user charge basis. Fleet Service Fund To account for the acquisition, operation and maintenance of all City - owned or leased motorized vehicles. Information Services Fund This fund provides printing, copying, mail, central stores and data processing services to the various departments and programs. Internal Insurance Fund To account for the City's risk management program and various insurance - related costs. Its activities relate principally to general liability, workers' compensation, long -term disability, property damage and unemployment insurance. 116 ASSETS Current assets Pooled cash and investments Accounts receivable Interest receivable Prepaid expenses Due from other funds Total current assets Noncurrent assets Capital assets Equipment Less accumulated depreciation Net capital assets Total noncurrent assets Total assets LIABILITIES Current liabilities Accounts payable Current portion of capital lease obligations Current portion of insurance liabilities Total current liabilities Noncurrent liabilities Capital lease obligations Workers' compensation liability General insurance liability Unemployment insurance liability Disability insurance liability Total noncurrent liabilities Total liabilities City of Baldwin Park Combining Statement of Net Assets Internal Service Funds June 30, 2011 Fleet Information Internal Services Services Insurance Total $ 11,506 159,023 3,787,276 $ 3,957,805 567 83 32,966 33,616 58 160 3,665 3,883 2,706 15,912 - 18,618 - - 1,625,784 1,625,784 14,837 175,178 5,449,691 5,639,707 4,372,182 2,545,766 - 6,917,948 (3,930,439) (2,326,457) - (6,256,896) 441,743 219,309 - 661,051 441,743 219,309 - 661,051 456,580 394,487 5,449,691 6,300,758 44,030 60,316 36,541 140,887 105,334 41,555 - 146,889 - - 1,350,000 1,350,000 149,364 101,871 1,386,541 1,637,776 100,708 - - 100,708 - - 5,022,899 5,022,899 - - 937,403 937,403 - - 20,000 20,000 - - 75,000 75,000 100,708 - 6,055,302 6,156,010 250,072 101,871 7,441,843 7,793,786 NET ASSETS Invested in capital assets, net of related debt 235,701 177,754 - 413,455 Unrestricted (29,193) 114,862 (1,992,152) (1,906,483) Total net assets $ 206,508 292,616 (1,992,152) $ (1,493,028) 117 City of Baldwin Park Combining Statement of Revenues, Expenses and Changes in Fund Net Assets Internal Service Funds Year ended June 30, 2011 Operating revenues Charges for services Other Total operating revenue Operating expenses Maintenance and operations Internal service charges Provision for insurance claims Depreciation Lease and equipment purchase expense Interest expense Personal services Contractual services Total operating expenses Operating income (loss) Nonoperating income (loss) Fleet Information Internal Services Services Insurance Total $ 997,400 870,204 2,262,123 $ 4,129,727 11,173 58,920 130,831 200,924 1,008,573 929,124 2,392,954 4,330,651 488,030 171,188 8,236 667,454 72,700 41,500 12,700 126,900 - - 2,948,486 2,948,486 344,646 32,790 - 377,436 20,978 105,428 - 126,406 13,964 3,831 - 17,795 196,762 318,159 86,468 601,389 172,768 175,632 120,584 468,984 1,309,848 848,528 3,176, 474 5,334,850 (301,275) 80,596 (783,520) (1,004,199) Loss on sale /disposal of capital assets (22,307) - - (22,307) Interest 479 572 15,421 16,472 Net nonoperating income (loss) (21,828) 572 15,421 (5,835) Change in net assets (323,103) 81,168 (768,099) (1,010,034) Net assets - beginning 529,611 211,448 (1,224,053) (482,994) Net assets - ending $ 206,508 292,616 (1,992,152) $ (1,493,028) 118 City of Baldwin Park Combining Statement of Cash Flows Internal Service Funds Year ended June 30, 2011 Fleet Information Internal Services Services Insurance Total Cash flows from operating activities Receipts from customers and users $ 1,008,006 929,041 2,380,517 $ 4,317,564 Payments to suppliers (892,328) (723,292) (147,661) (1,763,281) Payments to employees (139,795) (139,284) (62,575) (341,654) Payments for insurance (163,088) - (1,741,552) (1,741,552) Net cash provided by (used in) operating activities (24,117) 66,465 428,729 471,077 Cash flows from capital and related financing activities Proceeds from sale of equipment 11,021 377,436 11,021 Additions (reductions) in capital lease obligations (174,109) (80,369) (64,215) (254,478) Net cash used in capital and (95,487) (2,706) 2,186 - related financing activities (163,088) (80,369) - (243,457) $ (24,117) 66,465 428,729 $ Cash flows from non - capital financing activities Interfund advances 567 83 773,768 774,418 Net cash provided by (used in) non - capital financing activities 567 83 773,768 774,418 Cash flows from investing activities Interest received 748 714 16,081 17,543 Net increase (decrease) in cash and cash equivalents (185,890) (13,107) 1,218,578 1,019,581 Beginning cash and cash equivalents 197,396 172,130 2,568,698 2,938,224 Ending cash and cash equivalents $ 11,506 159,023 3,787,276 $ 3,957,805 Reconciliation of operating income (loss) to net cash provided by (used in) operating activities: Operating income (loss) Adjustments to reconcile operating income (loss) to net cash provided by (used in) operating activities: Depreciation (Increase) decrease in accounts receivable Increase (decrease) in accounts payable (Increase) decrease in prepaid expenses Increase in insurance liabilities Net cash provided by (used in) operating activities $ (301,275) 80,596 (783,520) $ (1,004,199) 344,646 32,790 377,436 (567) (83) (12,437) (13,087) (64,215) (49,024) 17,752 (95,487) (2,706) 2,186 - (520) - 1,206,934 1,206,934 $ (24,117) 66,465 428,729 $ 471,077 119 City of Baldwin Park Description of Fiduciary Funds Fiduciary funds are used to account for assets held by the City, as an agent for individuals, private organizations and other governments. 120 City of Baldwin Park Statement of Changes in Assets and Liabilities - Fiduciary Funds Year ended June 30, 2011 July 1, 2010 Additions Deletions June 30, 2011 Assets Accounts payable $ 44,293 359,441 Pooled cash investments $ 499,643 444,934 394,840 $ 549,737 Interest receivable 559 518 559 518 Total $ 500,202 445,452 395,399 $ 550,255 Liabilities Accounts payable $ 44,293 359,441 387,499 $ 16,235 Deposit accounts: Bail deposits - 1,788 1,788 - Canine donation 1,688 - - 1,688 Crime prevention 7,675 21,355 20,131 8,899 Explorer 1,430 - 290 1,140 Leagues, etc. 19,664 58,318 55,568 22,414 Other 10,643 1,792 6,326 6,109 Miscellaneous trust 43,461 43,490 45,884 41,067 Court cost fees 32 - - 32 Contingecy deposits 17,910 - - 17,910 Engineering trust 162,707 21,022 22 183,707 Police donations 50 - - 50 Bicycle Rodeo 472 - - 472 Donations 9,836 245,210 206,991 48,055 Inmate welfund 5,738 847 1,204 5,381 Offsite improvement bond 42,385 - - 42,385 Police foundation 13,068 - 2,049 11,019 Pride program 52,740 500 9,665 43,575 Police training 41,420 27,791 12,078 57,133 Swimteam /Interpreting 13,528 14,756 6,721 21,563 Family impact /Domestic violence - 1,574 21 1,553 Family impact - 5,000 400 4,600 Zoning deposits - 8,250 8,250 - Revolving nuisance abatement - 2,911 - 2,911 Street signs 4,876 - - 4,876 Fingerprints - clients 1,436 332 102 1,666 NPDES Refundable Deposit 5,150 665 - 5,815 Total $ 500,202 815,042 764,989 $ 550,255 121 I-N 5 - D I V, 6,j, A` DUSIr-,L3 ONSt! L I&M fIIIIIII�4- �u L44;y*g� , T!CWI 44W k, lm f� - � I LII tq I LL. , .-JL- Diu-& n 4 t III! LL, 7�9 VA-J V!1L I.M- a. Iii jk -7- UL . - -- :%, - , I- -1 "1 It fi, I VI kl -U I "'fl-I "7r-pi -Q: iii L Lir I - . !-,-. — I , V. -� ;6 -1 . �11 a-4-- LU ll.� 1 1.5 L! L i - 111 i�� k ,AIL, 0 �. �1 . _, � ___L* Inzi 4 or A w 'I f, --pj le -a .1 ST, -r,,t- 1-11" 1 1 t-4. L m I Lei u-: Qphjirj-, MA 'A-' j IF_ llr—ir- -jr.." J � 1&6ua I' �rnv4 VIL A IL 17 =75- ,�,j % :L -- -� -�-77 E c-i-IFfLi F 7, --T 1 1 � ZI 171 J,1I - UPI jj,,I r Li"Li-I -� Lafft,42-,I�Lwl Lf, L.^ ;-,rzml I r'b- .� - M "Vl:`L L— Pf �-,aq L m m (This page intentionally left blank.) 123 r S t �� R -�] . ��,] a ^Sl•- rS ] Yp 1�1� �.` ;. r ` If �, . Y 1 ` rr , ('I,• II s �i� � - i,�] _ f' li"i; 11Y. �i3 � .1s �1! }- � ,_��31 =� I I.1.. ;�1,•rr.�l4,' .� � � e- '�:r '2�r�f., 1(' :�� ,�:. o`��j�y �.� Nr I s�, ��_ �I� �U:•. � �r� � �7�� .•.; T�1��_ IT,�_�11 i•- _--Y ] �P� ri � r-Y�. ` �f �F i : Y� Ifl I Yif f- - sb _ r wy t it yy,�. r 1 �trf`1ti n1 I� I� _��-. rf �f�, L -�rr• fir �t�1 l._La '�iY� �';� L� I;f1�, ' �� __t�� ] � • ;� ..;;�,._�, � � I� � ""Y � t� ■ 1. "� :.r�„J"� �l �: L.t'� �_•:. '�":� '�� q=iLJ� •' .Vr -i+ L;� Csl�. .if ! ..]Si !J �� -I �S a ..�ixi�lu Irrsjj� ~-�yj�, °r_.� -i; �� ' �I'.'ti.u.l r:. � � 5� I.�r; t I�, .. a�..ie,� . , � � L �I•_ �i� � , = _J..�Lr��l�'j , _a r I � S '.``��.� . , if � =1 , � •� �� L":� Yit}� -+ :�j �� . --`�_ `LJI 1-'�x ,)l i .I L Irir- �iil t� s sly 1I (This page intentionally left blank.) 125 City of Baldwin Park Statistical Section This part of the City of Baldwin Park's Comprehensive Annual Report provides information to better understand the City's overall financial condition. This has not been audited by an independent auditor. Financial Trends Information contain information to assist the reader understand how the City's financial performance has changed overtime. Revenue Capacity Information contain information to help the reader assess the City's ability to generate its own revenue. Debt Capacity Information contain information to assess the affordability of the City's current levels of outstanding debt and its ability to issue additional debt. Demographic and Economic Information assist the user in understanding the environment within which the City's financial activities takes place. Operating Information provides service and infrastructure data to help the reader understand how the City's financial statement information relates to services the City provides and the activities it performs. Sources: Unless otherwise noted, the information in these schedules is derived from the comprehensive reports for the relevant year. The City implemented the GASB 34 in 2003 fiscal year. Schedules presenting government -wide financial statements include information beginning in that year. 126 City of Baldwin Park Net Assets by Component Last Nine Fiscal Years The City of Baldwin Park implemented GASB 34 for the fiscal year ended June 30, 2003. Information priorto the implementation of GASB 34 is not available. 127 Fiscal Year 2003 2004 2005 2006 2007 2008 2009 2010 2011 Governmental activities: Investment in capital assets, net of related debt $103,008,110 103,175,452 97,381,012 93,489,100 95,491,522 90,066,717 85,560,526 82,368,940 77,873,990 Restricted 7,002,415 6,461,472 6,158,056 5,507,823 6,095,674 6,133,731 6,720,929 9,097,505 13,839,466 Unrestricted 12,313,419 4,607,012 1,668,497 7,118,625 5,845,130 11,691,083 13,442,933 11,989,137 14,270,109 Total governmental activities net assets $ 122,323,944 114,243,936 105,207,565 106,115,548 107,432,326 107,891,531 105,724,388 103,455,582 105,983,565 change from prior year N/A -6.6% -7.9% 0.9% 1.2% 0.4% -2.0% -2.1% 2.4% The City of Baldwin Park implemented GASB 34 for the fiscal year ended June 30, 2003. Information priorto the implementation of GASB 34 is not available. 127 City of Baldwin Park Fund Balances of Governmental Funds Fiscal Year 2011 General Fund Nonspendable $ 11,170,510 Restricted - Committed - Assigned - Unassigned 5,906,643 Total General Fund $ 17,077,153 All Other Governmental Funds Nonspendable $ 13,224,533 Restricted 20,348,744 Committed - Assigned - Unassigned (22,666,590) Total All Other Governmental Funds $ 10,906,687 Note: The City of Baldwin Park elected to present fund balance information under GASB #54 prospectively in the Statistical Section; refer to page 130 for reporting of the previous years under the old guidelines. 128 Expenses: Governmental activities: General government Public safety Public works Community development Recreation services Decline in value of property held for resale Pass through Expenditures Interest and fiscal charges Tot al governmental activities expenses Program revenues: Governmental activities: Charges for services General government Public safety Public works Community development Recreation services Operating grants and contributions General government Public safety Public works Community development Recreation services Capital grants and contributions Public safety Public works Community development Total governmental actim ies revenues Net revenues (expenses): Governmental activities: General revenues and other changes in net assets: Taxes Property Taxes Motor Vehicle in lieu Sales Tax Franchise Tax Utility Users Tax Other Taxes Use of money and property Interest Transfers Other Total general revenues and transfers Changes in net assets City of Baldwin Park Change in Net Assets Last Nine Fiscal Years Fiscal Year 2003 2004 2005 2006 2007 2008 2009 2010 2011 $ 3,434,298 4,010,603 4,526,306 4,132,120 3,346,930 3,431,918 2,698,418 3,142,685 4,360,848 10,946,225 11,747,014 14,277,853 14,934,099 15,333,496 17,695,323 18,917,403 18,810,685 18,819,467 13, 026, 398 15,112,436 18, 778, 723 15, 699, 303 14, 785,160 14,278, 888 13,730,184 13, 549, 660 13, 518, 003 8,890,421 10,178,582 9,789,023 9,145,085 10,367,871 12,586,141 11,931,976 14,060,899 10,968,474 1,796,381 1,979,193 2,229,254 2,249,912 2,429,110 3,258,992 4,666,863 4,383,579 4,462,052 6,308,905 - 746,108 3,592,259 3,058,165 5,161,613 2,601,948 3,319,921 3,910,677 3,658,849 3,424,605 3,440,701 47,994,887 46,832,101 54,762,772 48,762,467 49,582,488 55,161,939 55,603,693 57,372,113 55,569,545 2,017,156 2,520,410 3,003,433 3,110,259 4,651,630 5,619,213 4,769,966 229,700 608,221 809,255 1,161,286 971,414 755,023 11,732 5,175 27,622 1,987,795 1,757,968 299,298 - 308,306 43,803 36,764 67,512 222,191 157,631 49,727 1,947 1,119 1,655 34,837 82,892 97,944 1,256,198 1,602,720 - 569,345 496,518 20,033 3,462,803 202,024 166,715 129,495 309,644 31,913 2,584,955 2,878,365 2,953,966 5,326,312 4,752,495 1,325,679 1,118,516 2,422,392 798,702 1,826,369 1,818,597 1,762,392 1,051,285 2,255,316 1,835,967 1,768,134 3,400,330 4,104,695 7,934,384 7,998,365 8,489,222 9,642,460 9,471,128 8,826,627 9,120,098 8,132,297 7,421,769 248,129 198,744 182,795 195,939 125,226 216,360 551,636 216,980 175,407 2,833,548 1,067,866 681,260 360,437 76,300 2,857,802 2,041 852,075 74,330 84,076 1,103,038 9,175 3,693,606 5,007,296 3,836,812 461,308 17,808 884,820 19,916,204 17,757,751 21,592,480 22,056,737 21,598,357 21,771,778 20,688,874 23,444,524 21,879,217 (28,078,683) (29,074,350) (33,170,292) (26,705,730) (27,984,131) (33,390,161) (34,914,819) (33,927,589) (33,690,328) 15,023,648 16,291,814 17,464,924 23,929,880 23,929,880 6,962,114 7,470,769 7,612,349 7,479,696 8,400,034 12,510,908 13,372,060 11,944,651 11,645,328 4,875,329 3,130,076 5,812,422 5,845,528 6,115,126 6,603,499 6,900,045 6,244,987 5,713,857 4,343,135 4,607,700 5,842,303 5,706,901 6,568,814 6,456,581 5,625,840 5,251,513 5,418,895 1,077,977 821,946 1,223,237 1,415,181 1,556,904 1,626,176 1,997,823 2,312,090 2,239,905 2,260,688 2,410,518 2,269,238 2,273,711 2,545,312 2,591,143 2,459,483 2,407,299 2,266,892 379,735 980,881 517,797 1,208,863 1,444,509 1,131,261 1,129,061 1,145,692 1,084,450 31,320 236,594 869,759 352,223 566,235 768,579 2,355,107 2,177,082 1,190,007 388,977 721,172 290,340 888,560 315,103 752,715 73,358 1,963,573 7,127,812 20,800,057 20,010,707 24,133,921 25,587,018 29,300,909 33,849,365 32,747,677 31,658,782 36,218,311 $(7,278,626) (8,080,009) (9,036,371) (1,118,711) 1,316,778 459,204 (2,167,142) (2,268,807) 2,527,983 The City of Baldwin Park implemented GASS 34 for the fiscal year ended June 30, 2003. Information prior to the implementation of GASB 34 is not available. 129 City of Baldwin Park Fund Balances of Governmental Funds Last Eight Fiscal Years The City of Baldwin Park has elected to show only eight years of data for this schedule. (1) This schedule reports using the modified accrual basis of accounting. (2) The City implemented GASB 34, the new reporting standard in fiscal year 2003. (3) Reserved fund balance at June 30, 2004 includes unexpended bond proceeds from 2003 Sales Tax & Tax allocation Refunding Bonds. (4) Reserved fund balance at June 30, 2005 includes unexpended bond proceeds from 2004 Lease Revenue Refunding Bonds. (5) In 2011 the City Adopted GASB 54 which revises the reporting of Fund Balance 130 Fiscal Year 2003 (2) 2004 2005 2006 2007 2008 2009 2010 General fund: Reserved $ 8,870,587 9,408,848 10,263,447 10,922,656 11,933,339 12,755,776 13,268,093 13,705,002 Unreserved 3,267,129 2,353,328 3,812,188 1,953,646 3,060,821 4,829,573 5,187,803 5,213,836 Total general fund $ 12,137,716 11,762,176 14,075,635 12,876,302 14,994,160 17,585,349 18,455,896 18,918,838 All other governmental fund: Reserved 29,391,653 7,771,116 (3) 9,579,762 (4) 8,632,944 6,807,808 6,845,864 13,250,641 9,944,381 Unreserved, reported in Special revenue funds 367,879 5,460,034 3,380,229 8,594,017 13,206,630 17,596,872 14,572,267 17,187,651 Capital projects funds (17,085,858) (7,602,948) (7,580,988) (10,518,294) (13,936,874) (15,295,561) (16,450,152) (17,125,366) Debt service funds (387,653) 221,614 37,078 597,281 492,599 58,700 (588,740) 2,465,756 Total all other governmental funds $(17,105,632) (1,921,300) (4,163,681) (1,326,996) (237,645) 2,360,011 (2,466,625) 2,528,041 Total Governmental Funds $ 24,423,737 17,611,992 19,491,716 20,182,250 21,564,323 26,791,224 29,239,912 31,391,260 The City of Baldwin Park has elected to show only eight years of data for this schedule. (1) This schedule reports using the modified accrual basis of accounting. (2) The City implemented GASB 34, the new reporting standard in fiscal year 2003. (3) Reserved fund balance at June 30, 2004 includes unexpended bond proceeds from 2003 Sales Tax & Tax allocation Refunding Bonds. (4) Reserved fund balance at June 30, 2005 includes unexpended bond proceeds from 2004 Lease Revenue Refunding Bonds. (5) In 2011 the City Adopted GASB 54 which revises the reporting of Fund Balance 130 Revenues: Taxes Licenses and permits Fines and forfeitures Use of money and property Intergovernmental Charges for services Others Total revenues Expenditures Current: General government Public safety Public works Community development Recreation seMces Nondepartmental Capital outlay: Public works Community development Debt seMce: Principal retirement Interest and fiscal charges Costs of issuance and other costs Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Gain on sale of properties Loan Proceeds Transfers in Transfers out Issuance of bonds Capital leases Payment to refunded bond escrow agent Interest on advance from other funds Decline in value of property held for resale Total other financing sources (uses) Special items Gain on sale of properties Items related to payment of loans Items related to future developments Net special items Net change in fund balance City of Baldwin Park Changes in Fund Balances of Governmental Funds Last Nine Fiscal Years Fiscal Year 2003 2004 2005 2006 2007 2008 2009 2010 2011 $ 15,399,647 16,097,504 17,634,869 18,840,064 21,023,819 24,574,607 31,794,891 29,176,659 28,781,829 598,691 875,871 737,696 774,671 696,300 519,888 564,596 625,889 583,935 808,469 821,347 704,472 754,084 1,818,409 1,623,154 2,039,461 3,379,541 1,741,941 1,046,916 978,227 830,195 1,199,295 1,445,053 1,387,184 723,158 449,266 563,120 21,095,301 18,675,088 21,722,936 22,490,048 22,832,101 21,568,213 14,885,994 17,611,402 17,148,467 1,071,774 1,247,760 1,606,275 1,963,498 1,751,362 2,732,913 1,546,595 1,830,657 1,900,607 1,930,064 1,795,053 3,356,469 4,779,026 2,928,555 4,252,099 2,053,604 2,193,287 2,114,796 41,950,862 40,490,850 46,592,912 50,800,686 52,495,599 56,658,058 53,608,299 55,266,701 52,834,695 2,309,986 2,628,791 2,989,559 10,506,730 11,474,211 13,636,584 7,826,022 11,366,634 13,121,793 6,982,338 8,586,039 9,609,754 1,766,866 2,030,328 2,020,268 898,465 1,090,085 1,126,223 4,731,895 15, 332, 536 8,479,676 10, 064,124 2,198,121 4,275,924 27, 712, 375 8,393,001 7,949,696 2,375,511 4,001,214 3,031,641 2,882,320 3,071,399 16, 434, 302 17,164, 777 17, 006,136 17,132, 322 7,395,782 6,204,823 5,462,651 5,360,01E 12,846,577 12,366,593 14,252,879 10,870,89C 3,057,408 4,336,564 4,078,500 4,203,053 8,167,663 1,676,923 3,845,993 4,467,646 289,718 663,045 3,673,895 5,271,250 2,552,786 746,108 1,353,705 1,123,087 3,142,638 932,383 584,672 16,709 1,321,461 1,308,745 1,807,496 2,079,496 1,691,194 2,192,000 5,638,000 2,870,000 2,924,000 3,227,829 2,833,798 2,617,225 3,149,014 3,786,350 3,899,259 3,615,036 3,148,521 2,948,628 360,730 529,670 620,329 45,920,876 44,271,332 48,902,936 51,003,942 63,794,335 51,048,643 53,605,150 53,374,902 51,798,267 (3,970,014) (3,780,482) (2,310,024) (203,256) (11,298,736) 5,609,415 3,149 1,891,799 1,036,428 522,745 158,922 109,869 10,559,801 10,265,751 16,093,530 8,902,425 7,740,903 4,884,001 3,178,433 4,605,577 5,089,645 (10,593,166) (10,266,751) (16,130,727) (9,643,422) (7,870,091) (5,266,514) (3,775,309) (4,484,544) (5,089,645) 4,500,884 6,329,200 10,840,000 12,810,000 3,022,000 40,650 6,944 341,290 (9,400,125) (6,620,000) - (945,887) - (6,308,905) (2,787,273) (3,031,275) 4,189,747 (399,707) 12,680,812 (382,513) 2,425,124 279,955 632,614 4,988,913 383,889 $ (6,757,287) (6,811,757) 1,879,723 (602,963) 1,382,076 5,226,902 2,428,273 2,171,754 7,041,844 Debt service as a percentage of noncapital expendit 13.45% 11.43% 11.13% 11.09% 9.31% 12.05% 17.56% 11.31% 11.57% The Oty of Baldwin Park has elected to show only five years of data for this schedule. (1) This schedule reports using the modified accrual basis of accounting. 131 City of Baldwin Park Assessed Value and Estimated Actual Value of Taxable Property Last Ten Fiscal Years 2009 2,981,835,548 61,073,837 34,382,263 3,008,527,122 1,042,609,407 127,963,961 City 2010 3,800,274,206 196,070,446 302,325,645 3,694,019,007 1,052,169,814 133,526,046 267,781,524 917,914,336 0.297% Redevelopment Agency 3,753,103,235 189, 227, 317 305,138, 330 3,637,192,222 1, 039, 967, 531 125, 050, 444 Fiscal Note (1): Beginning in fiscal year 1982, the valuation provided are equal to the full cash value of the property assessed. In the preceding years, Taxable the assessed valuations reflected only 25% on the full cash value. This change reflects ratification of Article XIIIA of the California Constitution (Proposition 13). Taxable Direct year Less Assessed Less Assessed Tax ended Secured Unsecured Exemptions Value Secured Unsecured Exemptions Value Rate 2002 1,623,535,100 43,164,541 7,616,839 1,659,082,802 714,350,835 97,583,041 247,051,869 564,882,007 0.297% 2003 1,729,661,169 39,303,359 13,651,027 1,755,313,501 741,532,679 82,524,795 239,367,154 584,690,320 0.296% 2004 1,861,083,255 44,116,130 12,913,006 1,892,286,379 749,813,199 84,962,820 222,098,703 612,677,316 0.293% 2005 2, 025, 549, 395 43, 009, 563 22, 493, 461 2, 046, 065, 497 774, 080, 293 103, 565, 661 229, 395, 358 648, 250, 596 0.293 2006 2,263,864,180 44,390,284 21,355,005 2,286,899,459 857,619,427 100,497,552 237,073,474 721,043,505 0.297% 2007 2,546,998,136 52,327,909 26,597,044 2,572,729,001 925,514,386 110,432,488 241,756,847 794,190,027 0.297% 2008 2,749,952,334 55,546,639 33,844,082 2,771,654,891 1,062,689,327 116,148,602 266,636,424 912,201,505 0.297% 2009 2,981,835,548 61,073,837 34,382,263 3,008,527,122 1,042,609,407 127,963,961 267,364,266 903,209,102 0.297% 2010 3,800,274,206 196,070,446 302,325,645 3,694,019,007 1,052,169,814 133,526,046 267,781,524 917,914,336 0.297% 2011 3,753,103,235 189, 227, 317 305,138, 330 3,637,192,222 1, 039, 967, 531 125, 050, 444 270, 337, 604 894, 680, 371 0.279 Note (1): Beginning in fiscal year 1982, the valuation provided are equal to the full cash value of the property assessed. In the preceding years, the assessed valuations reflected only 25% on the full cash value. This change reflects ratification of Article XIIIA of the California Constitution (Proposition 13). Source: Los Angeles County Assessor's Office. HdL, Coren & Cone 132 2002 2003 2004 2005 2006 City Balance 1, 659, 082, 802 1, 755, 313, 501 1, 892, 286, 379 2, 046, 065, 497 2, 286, 899, 459 Puente - Merced 31, 477, 577 32, 548, 202 33, 523, 384 30, 360, 600 33, 966, 864 San Gabriel River 178, 625, 849 159, 312, 368 168, 277, 026 184, 956, 789 185, 090, 403 West Ramona Blvd 22, 613, 836 23, 027, 839 25, 415, 939 27, 631, 781 30, 206, 884 Central Business Di st ri ci 78, 918, 699 85,100, 350 98, 287, 728 103, 558, 425 111, 778,180 Delta 24, 909, 698 26, 539, 683 26, 981,132 28,173, 917 29, 464, 923 Sierra Vista 229, 986, 875 247, 075, 556 260,192,107 273, 569, 084 330, 536, 251 Net assessed valuation $ 2, 225, 615, 336 $ 2, 328, 917, 499 $ 2, 504, 963, 695 $ 2, 694, 316, 093 $3,007,942,964 133 City of Baldwin Park Assessed Valuation by Tax District Last Ten Fiscal Years 2007 2008 2009 2010 2011 2, 572, 729, 001 2, 839, 353,155 3, 008, 527,122 3, 694, 019, 007 3,637,192,222 37, 944, 823 38,114, 314 38, 372, 334 39, 875,145 39, 330, 649 210, 499, 042 223, 584, 610 240, 263,192 253, 628, 573 248, 204, 462 33, 947, 794 37, 749, 969 39, 485, 273 35, 584, 527 33, 844, 951 122, 697,128 136, 574, 743 144, 458, 926 138, 475, 546 136, 611, 945 32, 503, 459 33, 745, 358 34,109, 467 34, 696, 594 34, 058, 316 356, 597, 781 374, 734, 247 406, 519, 910 415, 653, 951 402, 630, 048 $ 3, 366, 919, 028 $ 3, 683, 856, 396 $ 3, 911, 736, 224 $ 4, 611, 933, 343 4, 531, 872, 593 134 City of Baldwin Park Direct and Overlapping Property Tax Rates (Rate per $100 of assessed value) Last Ten Fiscal Years Agency 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 BASIC LEVY 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 Baldwin Park Unified 0.03996 0.00389 0.08126 0.11005 0.09961 0.08877 0.1326 0.15384 0.16101 0.16673 Bassett United School Dustrict 0.00000 0.00000 0.00000 0.00000 0.09051 0.08210 0.10806 0.08990 0.10877 0.12316 County Detention Facilities 1987 Debt 0.00113 0.00103 0.00099 0.00092 0.00080 0.00066 0.00000 0.00000 0.00000 0.00000 El Monte City School District 0.05196 0.06592 0.05072 0.07247 0.08057 0.06402 0.08068 0.09045 0.11907 0.12388 EL Monte Union High School 0.00000 0.00000 0.03573 0.03928 0.05425 0.05847 0.02820 0.05160 0.09654 0.08475 LA County Flood Control 0.00107 0.00088 0.00046 0.00025 0.00005 0.00005 0.00000 0.00000 0.00000 0.00000 Metropolitan Water District 0.00770 0.00670 0.00610 0.00580 0.00520 0.00470 0.00450 0.00430 0.00430 0.00370 Mt. San Antonio College 0.00000 0.01946 0.01525 0.01473 0.02122 0.02530 0.01750 0.02333 0.02571 0.02636 Rio Hondo Community College Dist 0.00000 0.00000 0.00000 0.02170 0.01802 0.01469 0.01369 0.02320 0.02714 0.03439 West Covina Unified 0.05240 0.07985 0.05084 0.08223 0.06148 0.06511 0.05143 0.06041 0.05258 0.05920 Total Direct & Overlapping Tax Rates 1.15422 1.17773 1.24135 1.34743 1.43171 1.40387 1.43666 1.49703 1.59512 1.62217 City Share of 1 % Levy Per Prop 13 0.12058 0.12058 0.12058 0.12058 0.12058 0.12058 0.12058 0.12058 0.12058 0.12058 Redevolpment Rate 1.00990 1.00861 1.00755 1.00697 1.00604 1.00541 1.00450 1.00430 1.00430 1.00370 Total Direct Rate 0.27484 0.27381 0.27104 0.27050 0.27481 0.27694 0.27360 0.26810 0.28157 0.27918 135 City of Baldwin Park Ten Principal Property Taxpayers Current Year and Nine Years Ago Total taxable assessed value often largest taxpayers 189,884,859 5.21 % 183,308,075 8.24 % Total taxable assessed value of other taxpayers 3,447,297,363 94.79 2,042,307,261 91.76 Total taxable assessed value of all taxpayers $ 3,637,182,222 100.00 % $ 2,225,615,336 100.00 % The amounts shown above include assessed value data for both the City and the Community Development Commission of Baldwin Park. Source: HdL Coren & Cone Hinderliter, del-lamas & Associates 136 2011 2002 Assessed Percentage Assessed Percentage value total value total In N out Burger Inc. $ 31,823,231 0.87 % $ 20,009,896 0.90 % Wal Mart Real Estate Business Trust 30,425,239 0.84 % Sierra center Investments LLC 17,990,000 0.49 % Kaiser Foundation Hospitals 19,758,409 0.54 % 26,783,047 1.20 % Home Depot USA 19,085,924 0.52 % 20,928,347 0.94 % J & J Warehouse Company LLC 16,890,474 0.46 % Baldwin Park Commerce Center 16,371,217 0.45 % Target Corporation 0.00 % % Otting Properties 12,935,319 0.36 % % OFT Family inc 0.00 % Calwest Industrial Property 31,346,500 1.41 % Dayton Hudson 12,932,105 0.36 % 11,078,101 0.50 % MOM enterprises 11,672,941 0.32 Ortel Corppration AFA Agere Systems 21,144,917 0.95 % SNS Cloverleaf Company 15,096,417 0.68 % Waste Management 13,901,430 0.62 % J. Lawrence- Han 11,581,301 0.52 % SDC Partners Limited 11,438,119 0.51 % Total taxable assessed value often largest taxpayers 189,884,859 5.21 % 183,308,075 8.24 % Total taxable assessed value of other taxpayers 3,447,297,363 94.79 2,042,307,261 91.76 Total taxable assessed value of all taxpayers $ 3,637,182,222 100.00 % $ 2,225,615,336 100.00 % The amounts shown above include assessed value data for both the City and the Community Development Commission of Baldwin Park. Source: HdL Coren & Cone Hinderliter, del-lamas & Associates 136 Fiscal Secured year tax 2002 $ 3,570,774 $ 2003 3,667,739 2004 3,870,991 2005 4,079,647 2006 4,430,387 2007 4,839,635 2008 5,223,366 2009 3,948,959 2010 4,321,922 2011 5,157, 261 City of Baldwin Park Property Tax Levies and Collections Last Ten Fiscal Years Unsecured tax Taxes Levied for the tax year Collections within the Fiscal Year of Levy Amount Percent of Levy Collections in Subsequent Years Amount Delinquent Tax Collections Amount Total Collections to Date Amount Percent of Levy 99,179 $ 3,669,953 $ 3,813,661 104% $ 125,171 $ 37,380 $ 3,976,212 108 29,280 3,697,019 3,901,365 106% 102,856 28,365 4,032,586 109% 49,271 3,920,262 4,127,233 105% 123,601 37,455 4,288,289 109% 44,155 4,123,802 4,451,357 108% 237,685 23,697 4,712,739 114% 24,964 4,455,351 4,930,376 111% 208,527 31,781 5,170, 684 116 35,639 4,875,274 5,409,350 111% 333,929 31,142 5,774,421 118% 66,559 5,289,925 5,343,719 101% (3) (3) 5,343,719 101 79,045 4,028,004 5,906,716 147% (3) (3) 5,906,716 147 57,803 4,379,725 5,193, 394 119% (3) (3) 5,193, 394 119 68,860 5,226,121 5,220,369 100% (3) (3) 5,220,369 100 Note (1): The figures provided for property tax levies and collections are for the City of Baldwin Park only, and do not include tax increments levied and collected on behalf of the Baldwin Park Redevelopment Agency. Note (2): Article XIIIA of the California Constitution limits the amount of any ad valorem tax on real property to 1% of the full cash value, except that additional taxes may be levied to pay debt service on general obligation bonds and certain other indebtedness approved by the voters. This tax is collected by the County Tax Collector and is distributed according to a formula established by the State Legislature. Note (3) The City of Baldwin Park combined the Property Taxes accounts into one. Source: County of Los Angeles, Office of the Auditor /Controller. 137 City of Baldwin Park Ratio of Outstanding Debt by Type Last Ten Fiscal Years Note (1): Population figures were obtained from the State of California Department of Finance. Note (2): The figures presented include both bonds and notes supported by property tax allocations and by special benefit assessments for the combined entity as described in note 1 to the Basic Financial Statements. 138 (2) Less Fiscal Total Gross debt Net year (1) assessed bonded sermce bonded Capital Notes Total Debt per ended Population value debt funds debt leases payable debt capita 2002 78,367 2, 478, 633, 517 31, 383, 000 7,229,737 24,153, 263 529,266 9,088,800 33, 771, 329 431 2003 79,600 2, 593, 022, 002 43,145, 000 6,917,645 36, 227, 355 1,204,000 8,207,000 45, 638, 355 573 2004 80,300 2, 739, 975, 404 42,131, 000 6,892,662 35, 238, 338 1,221,000 5,118, 490 41, 577, 828 518 2005 81,226 2, 946, 204, 912 44, 856, 000 6,496,543 38, 359, 457 1,148, 000 5,118, 490 44, 625, 947 549 2006 80,986 3, 266, 371, 443 43, 089, 089 6,058,197 37, 030, 892 982,000 5,118, 490 43,131, 382 533 2007 81,146 3, 635, 272, 919 54,131, 045 6,588,273 47, 542, 772 1,019,000 5,118, 490 53, 680, 262 662 2008 81,281 3, 984, 336, 902 51, 937, 000 6,192, 432 45, 744, 568 773,000 5,118, 490 51, 636, 058 635 2009 81,445 4, 213, 482, 753 46, 529, 000 4,977,495 41, 551, 505 725,000 7,910,490 50,186, 995 616 2010 81,604 4,611,933,343 46,927,000 3,354,699 43,572,301 514,612 4,369,000 48,455,912 594 2011 75,664 4, 531, 872, 593 44, 264, 000 1,751,761 42, 512, 239 247,596 4,108, 000 46, 867, 835 619 Note (1): Population figures were obtained from the State of California Department of Finance. Note (2): The figures presented include both bonds and notes supported by property tax allocations and by special benefit assessments for the combined entity as described in note 1 to the Basic Financial Statements. 138 City of Baldwin Park Computation of Legal Debt Margin Last Ten Fiscal Years Fiscal General % of Legal year Assessed Valuation Debt Limit Obligation Debt Debt ended Amount % Adjusted % Amount Bonds Limit Margin 2002 2,478,633,517 25% 619,658,379 15% 92,948,757 24,153,263 26.0% 68,795,494 2003 2,593,022,002 25% 648,255,501 15% 97,238,325 36,227,355 37.3% 61,010,970 2004 2, 739, 975, 404 25% 684, 993, 851 15% 102, 749, 078 35, 238, 338 34.3% 67, 510, 740 2005 2,946,204,912 25% 736,551,228 15% 110,482,684 38,359,457 34.7% 72,123,227 2006 3,266,371,443 25% 816,592,861 15% 122,488,929 43,089,089 35.2% 79,399,840 2007 3,635,272,919 25% 908,818,230 15% 136,322,735 54,131,045 39.7% 82,191,690 2008 3, 984, 336, 902 25% 996, 084, 226 15% 149, 412, 634 51, 937, 000 34.8% 97, 475, 634 2009 4, 213, 482, 753 25% 1, 053, 370, 688 15% 158, 005, 603 49, 551, 000 31.4% 108, 454, 603 2010 4, 611, 933, 343 25% 1,152, 983, 336 15% 172, 947, 500 46, 927, 000 27.1% 126, 020, 500 2011 4, 531, 872, 593 25% 1,132, 968,148 15% 169, 945, 222 44, 264, 000 26.0% 125, 681, 222 Note (1): The Code of the State of California provides for a legal debt limit of 15 %of gross assessed valuation. When this provision was enacted the accessed valuation was based on 25% of the market value. After the 1981 -82 fiscal year, each parcel is assessed at 100% of the market value. The above computation converts the assessed valuation to the 25% level effective when the legal debt margin was enacted. Source: Los Angeles County Assessor's Office. 139 City of Baldwin Park Direct and Overlapping Bonded Debt June 30, 2011 140 Percent Gross applicable to bonded debt City of Baldwin Park's June 30, 2011 Baldwin Park share of debt Direct debt: (3) Baldwin Park 1915 Act AD99 -1 Bogart 11,000 100.000 11,000 Baldwin Park 1915 Act AD2000 -1 Baldwin 17,000 100.000 17,000 Baldwin Park 2004 Lease Revenue Bond 9,520,000 100.000 9,520,000 Pension Obligation Bonds 9,720,000 100.000 9,720,000 Certificate of Participation 2002 Variable Rate Demand 2,446,000 100.000 2,446,000 Baldwin Park Redevelopment Agency 1990 Tax Allocation Bonds Series A 4,065,000 100.000 4,065,000 1998 San Gabriel Tax Allocation Bonds 5,365,000 100.000 5,365,000 2000 Merged Project Tax Allocation Bonds 8,720,000 100.000 8,720,000 2003 Tax Allocation Bonds Series 4,400,000 100.000 4,400,000 Total direct debt 44,264,000 Overlapping debt: (4) Baldwin Park Unified School District 1996 Ser A Debt Service 2,713,733 92.878 2,520,457 Baldwin Park Unified School District 2001 Refunding Debt Svc. 5,890,000 92.878 5,470,506 Baldwin Park Unified School District 2002 Series S -2003 Debt Svc. 375,000 92.878 348,292 Baldwin Park Unified School District 2002 Series S -2004 Debt Svc. 6,356,248 92.878 5,903,548 Baldwin Park Unified School District 2005 Refunding Bond 9,936,887 92.878 9,229,168 Baldwin Park Unified School District DS 2002 Series 2005 4,813,699 92.878 4,470,861 Baldwin Park Unified School District DS 2002 Series 2006 17,473,384 92.878 16,228,905 Baldwin Park Unified School District DS 2006 Series 2007 23,600,000 92.878 21,919,175 Baldwin Park Unified School District DS 2006 Series 2008 14,001,457 92.878 13,004,254 Bassett Unified Debt Service 2004 Seriies 2005A 11,203,352 1.467 164,314 Bassett Unified Debt Service 2004 Seriies 2005B 10,616,192 1.467 155,703 Bassett Unified Debt Service 2006 Seriies 2007 14,139,566 1.467 207,378 Bassett Unified Debt Service 2006 Seriies B 4,999,970 1.467 73,332 West Covina Unified School District DS 2000 Series C 8,030,000 0.275 22,106 West Covina Unified School District DS 2002 Refund Bond Series A 15,340,000 0.275 42,229 West Covina Unified School District DS 2000 Series D 8,465,000 0.275 23,303 Rio Hondo Comm. College Dist DS 2005 Refunding Bonds 44,601,005 0.098 43,576 Rio Hondo Comm. College Dist Series A 2004A 6,945,000 0.098 6,785 Rio Hondo Comm. College Dist Ser 2009 -2010 Series 125,037,824 0.098 122,164 Mt. San Antonio Comm. College Dist. DS 2001 Series A 1,130,000 5.423 61,278 Mt. San Antonio Comm. College Dist. DS 2004 B 8,080,000 5.423 438,161 Mt. San Antonio Comm. College Dist. DS 2005 Bond 55,835,843 5.423 3,027,860 Mt. San Antonio Comm. College Dist. DS 2001, 2006 Series C 79,461,712 5.423 4,309,041 Mt. San Antonio Comm. College Dist. DS 2001, 2008 SERIES D 24,602,430 5.423 1,334,138 El Monte Union High School SD DS 2002 Series A 2,870,000 0.256 7,339 El Monte Union High School Dist Series B 4,555,000 0.256 11,648 El Monte Union High School SD DS 2006 Refunding Bond 36,572,828 0.256 93,524 El Monte Union High School DS 2008 Series A 53,625,511 0.256 137,132 EL MONTE UN HI GS 2002 SER C 29,140,000 0.256 74,517 Metropolitan Water District (1) 107,259,876 0.340 364,150 Total overlapping debt 89,814,843 Total direct and overlapping debt $ 134,078,843 2010/2011 Assessed Valuation: $ 2,883,215,084 (After deducting Redevelopment increment) Debt to Assessed Valuation Ratios: Direct debt 1.54 % Overlapping debt 3.12 Total debt 4.66 Notes: (1) This fund is a portion of a larger agency, and is responsible for debt in areas outside the City. (2) Debt figures include general obligation debt which is being repaid through property taxes. It excludes revenue, mortgage revenue, interim financing obligations, non - bonded capital lease obligations, and certificates of participation. Source: (3) City of Baldwin Park Department of Finance (4) HdL Coren & Cone, Los Angeles County Assessor Combined 2008/09 Lien Date Tax Rolls 140 City of Baldwin Park Full -time and Part -time City Employees By Function Last Ten Fiscal Years 141 Full -time and Part -time Employees as of June 30, 2011 Function 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 General government 32 33 34 38 33 28 30 31 30 32.4 Public safety 125 125 125 130 115 108 114 111 112 109 Community Development 36 35 34 32 31 26 35 33 45 44.6 Public works 56 56 56 54 52 46 51 35 33 34 Park & Recreation 205 208 208 208 208 191 207 232 234 186 Total 454 457 457 462 439 399 437 442 454 406 141 Fiscal Year Total Coverage 3,030,652 Net Ended Gross 2,464,108 20% set Available June 30 Revenue (1) Pass Thru's aside Revenue 2002 2,776,200 0.95 985,389 1,790,811 2003 4,501,112 1,738,084 900,223 1,862,805 2004 5,688,224 2,086,384 947,101 2,654,739 2005 6,147, 416 2,909,799 1,080,187 2,157, 430 2006 6,614,399 3,094,273 1,198, 627 2,321,499 2007 6,819,473 2,715,842 1,167,479 2,936,152 2008 6,865,848 3,022,900 1,253,629 2,589,319 2009 7,154, 345 3,300,737 1,326,873 2,526,735 2010 7,050,343 2,793,546 1,312,141 2,944,656 2011 6,507,747 2,666,472 1,195, 903 2,645,372 City of Baldwin Park Pledged- Revenue Coverage Tax Allocation Bonds Last Ten Fiscal Years Principal & Interest Total Coverage 3,030,652 3,030,652 0.59 2,464,108 2,464,108 0.76 2,413,569 (3) 2,413,569 1.10 2,336,926 2,336,926 0.92 2,436,218 2,436,218 0.95 2,432,372 2,432,372 1.21 2,479,255 2,479,255 1.04 2,520,525 2,520,525 1.00 2,524,443 2,524,443 1.17 2,388,413 2,388,413 1.11 Note: With the exception of the 2000 Merged Refunding Bonds, bonds were issued by the Authority to make loans to the agency to finance certain activities of the agency in or benefiting the project areas, and secured by tax revenues. (1) San Gabriel River Tax Allocation Bonds Series 1998 refunded the 1990 Series A (2) The 2000 Tax Allocation Refunding Bonds merged redevelopment project refunded four project area debt service: (a) 1998 Housing Portion of San Gabriel River Tax Allocation Bonds. (b) West Ramona 1989 Tax Allocation Bonds. (c) 1994 Series A Sierra Vista Tax Allocation Bonds. (d) 1986 Delta Assessment District. (3) Sales Tax & Tax Allocation Refunding Bonds Series 2003 Puente Merced refunded 1990 Series B Bonds. Source: City of Baldwin Park Department of Finance 142 City of Baldwin Park Demographic Statistics Last Ten Fiscal Years Source: (1) California Department of Finance (2) Unable to get Data on Personal Income (3) Baldwin Park Unified School District (4) State Employment Development Department. 143 Housing Per Capita School Rate of Fiscal Population units Personal Income enrollment unemployment Year (1) (2) (3) (4) 2002 78,417 (1) 17,568 17,758 7.8 2003 79,596 (1) 17,677 17,270 8.1 2004 80,325 (1) 17,673 17,471 7.9 2005 80,953 (1) 17,747 17,220 5.4 2006 81,092 (1) 17,781 17,546 5.1 2007 81,146 (1) 17,781 19,187 6.3 2008 81,281 (1) 17,867 16,328 7.2 2009 81,445 (1) 17,908 17,514 15.7 2010 81,604 (1) 17,914 15,497 15.2 2011 75,664 (1) 17,736 15,202 14.8 Source: (1) California Department of Finance (2) Unable to get Data on Personal Income (3) Baldwin Park Unified School District (4) State Employment Development Department. 143 City of Baldwin Park Operating Indicators by Function Last Ten Fiscal Years 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Public Safety Arrests 2,424 2,369 2,658 2,317 2,134 1,852 1,871 2,561 2,533 2,738 Parking Citations 9,990 11,615 13,755 12,305 17,393 12,766 12,415 11,464 11,604 10,256 Public Works: Street Resurfacing(miles) 13 30 15 6 1 2 0 0 9 1.7 Sewers new connections 40 43 44 47 35 39 16 6 34 19 A\,erage Daily Sewer treatment 6149 6155 6191 6202 6200 6293 6300 6900 7320 in 1000's GAL. Parks & Recreation: Number of recreation classes 325 358 361 374 382 423 417 452 242 257 Number of facility rentals 301 307 310 314 321 246 315 470 795 706 144 Police Stations Patrol Units Public Works Streets (Miles) Streetlights Traffic Signals Parks & Recreation Parks Swimming Pools Community Centers City of Baldwin Park Capital Assets Statistics by Function Last Ten Fiscal Years 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2 2 2 2 1 1 1 1 1 1 33 34 32 34 31 31 35 39 42 43 114 115 116 117 117 118 118 118 118 118 474 474 474 463 463 475 480 480 480 490 50 56 58 64 64 64 64 64 64 65 5 5 5 5 5 5 5 5 5 5 1 1 1 1 1 1 1 1 1 1 1 1 2 2 3 3 3 3 3 3 145 City of Baldwin Park Per Capita Cost - General Governmental Expenditures by Function Last Ten Fiscal Years Fiscal 448.00 10.00 484.00 14.00 Community 14.00 Year (1) General Public Public Services and Debt Ended Population Government Safety Works Capital Outlay SeMce 2002 78,417 19.00 123.00 124.00 134.00 40.00 2003 79,596 27.00 124.00 126.00 133.00 64.00 2004 80,325 33.00 143.00 142.00 162.00 58.00 2005 80,953 37.00 168.00 162.00 160.00 60.00 2006 81,092 58.00 189.00 152.00 138.00 64.00 2007 81,146 53.00 342.00 158.00 137.00 67.00 2008 81,281 49.00 202.00 95.00 170.00 75.00 2009 81,445 37.00 211.00 84.00 159.00 114.00 2010 81,604 35.00 209.00 72.00 112.00 95.00 2011 75,664 36.00 226.00 71.00 165.00 43.00 Notes: Includes all Governmental Fund Types (General, Special Revenue, Capital Projects and Debt Service Funds), including the Baldwin Park Redevelopment Agency and the Baldwin Park Housing Authority. (1) Population figures were obtained from the State of California Department of Finance. Source: City of Baldwin Park Department of Finance, except where noted above. 146 Other Total 8.00 448.00 10.00 484.00 14.00 552.00 14.00 601.00 27.00 628.00 29.00 786.00 38.00 629.00 53.00 597.00 132.00 655.00 56.00 597.00 City of Baldwin Park Construction Activity Last Ten Fiscal Years Calendar New year New construction and alterations value of ended Residential Commercial Industrial Total Demolitions Construction 2002 11, 618, 017 5,973,149 0 (1) 17, 591,165 102,075 17, 489, 090 2003 21, 891, 556 3,157, 493 0 (1) 25, 049, 049 375,650 24, 673, 399 2004 18, 712, 708 12, 529, 452 0 (1) 31, 242,160 120,500 31,121, 660 2005 32, 312, 393 8,312,013 0 (1) 40, 624, 406 230,224 40, 394,182 2006 20, 402, 870 9,048,761 0 (1) 29, 451, 631 192,650 29, 258, 981 2007 22, 301,125 6,791,846 0 (1) 29, 092, 971 172,045 28, 920, 926 2008 10, 902, 293 5,911,824 555,555 17, 369, 672 334,403 17, 035, 269 2009 6,442,950 7,425,132 172,000 14, 040, 082 129,256 13, 910, 826 2010 8,046,015 5,871,449 203,800 14,121, 264 133,280 13, 987, 984 2011 9,559,585 5,748,912 0 15, 557, 445 251,948 15, 305, 497 Note (1): The Building Division streamlined the monthly report format and began combining commercial & industrial occupancies as of September 2001. Source: City of Baldwin Park Department of Community Development. 147 City of Baldwin Park Ten Principal Employers Disclaimer: The City of Baldwin Park makes no claims concerning the accuracy of data provided nor assumes any liability resulting from the use of information herein. Sources: Base on HDL Report of 2009 Principal Employers 148 Number of Employer Business Type Employees Baldwin Park Unified School District School District 1,975 Baldwin Park City Hall Government 454 Walmart Supercenter Retail 350 Durham School Services Transportion 301 Esther Syyder Community Center Government 300 LA Department of Public Health Government 300 Los Angeles County Department of Parks Government 300 Morgan Park Government 300 Waste Management Inc Waste Disposal 300 Target Retai 1 200 Total Top Ten Employers 4,780 Disclaimer: The City of Baldwin Park makes no claims concerning the accuracy of data provided nor assumes any liability resulting from the use of information herein. Sources: Base on HDL Report of 2009 Principal Employers 148 CITY OF BALDWIN PARK 11 BALDWIN r•A•R K CITY COUNCIL AGENDA FEB 5 ITEM NO. Consent Calendar TO: Honorable Mayor and City Councilmembers FROM: Lili Hadsell, Chief of Police DATE: February 15, 2012 SUBJECT: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BALDWIN PARK, CALIFORNIA, AMENDING FINES AND FEES RELATING TO THE FALSE ALARM REDUCTION PROGRAM; AND SUPERSEDING RESOLUTION NO. 2010-0017. PURPOSE This report requests the City Council consider setting fees and penalties relating to chapter 91 of the Baldwin Park Municipal Code for police responses to false alarms and adopt Resolution number 2012 -001 to establish the same. BACKGROUND Chapter 91 of the Baldwin Park Municipal Code (BPMC) sets forth regulations governing robbery and burglary alarm systems. That chapter also sets regulations for the establishment of fees and permit requirements and provides for punishment for violations of provisions of that chapter. Resolution 2010 -017 was adopted to establish the actual fee amounts. That chapter and resolution were approved in May 2010. Within that chapter there are fees for the appeal process of an alarm permit suspension (BPMC §91.31), for the reinstatement of an alarm system permit (BPMC §91.32) and a penalty for the late payment of administrative fees (BPMC §91.41). The amount of those fees and penalty were inadvertently not established in Resolution 2010 -017. The intent of false alarm fees is to encourage alarm system operators and users to properly manage their alarm systems in an effort to reduce the number of false alarms the police department responds to. Responses to false alarms may endanger the public by preventing, diverting, or delaying police officers from Resolution 2012 -041 Staff Report Page 2 of 2 patrolling a neighborhood, responding to legitimate calls for police service or investigating and solving crimes. Additionally, the costs associated with police responses to false alarms currently being borne by the City confers a private benefit on Alarm Company Operators because the Alarm Company Operators, in effect, pass on the costs and obligations. of their businesses to the City Department staff surveyed 10 area municipalities that have established false alarm assessment fees. Those cities have late fees that range from 10% up to 25% fee added to the original invoice. Based on that, staff recommends establishing an additional fee of $15, if an initial or a renewal of a commercial alarm permit is not timely filed. That represents 25% of the current commercial alarm permit fee for initial and renewed permits. Staff also recommends establishing an additional fee of $7.50, if an initial or a renewal of a residential alarm user permit is not timely filed. That represents 25% of the current residential alarm permit fee for initial and renewed permits. The purpose of the late fee is to encourage alarm system operators and users to properly manage their alarm systems in an effort to reduce the number of false alarms the police department responds to. The city attorney has reviewed this report as to form and content. FISCAL IMPACT A revenue enhancement to the general fund dependent on the number of Alarm Program fees and penalties assessed. RECOMMENDATION City Council set the adopted fee schedules for police related fees contained in Resolution No. 2012 -001. It is recommended the City Council waive further reading, read by title only and adopt Resolution No. 2012 -001 entitled, "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BALDWIN PARK, CALIFORNIA, AMENDING FINES AND FEES RELATING TO THE FALSE ALARM REDUCTION PROGRAM; AND SUPERSEDING RESOLUTION NO. 2010 - 0017." ATTACHMENTS • Resolution No. 2012 -001 RESOLUTION NO. 2012 -001 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BALDWIN PARK AMENDING FEES RELATED ALARM PERMITS AND FINES RELATING TO RELATING TO THE FALSE ALARM REDUCTION PROGRAM; AND SUPERSEDING RESOLUTION NO. 2010 -017 WHEREAS, the City Council desires to revise the fee and fine schedules relating to alarm permits and false alarms related fees as set forth in Resolution No. 2010 -017; and NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF BALDWIN PARK DOES HEREBY RESOLVE, DECLARE, DETERMINE AND ORDER AS FOLLOWS: Section 1. In accordance with the time and motion study attached hereto as Exhibits A and B and commencing on February 15, 2012, the fees related to issuing, processing, and renewing alarm permits shall be as set forth in Exhibit C, attached hereto. Section 2. Effective February 15, 2012, the fines for any violation of Chapter 91 of the Baldwin Park Municipal Code shall be at set forth in Exhibit C. Section 3. The fees and fines set forth in this Resolution shall supersede any fees and fines set forth in Resolution No. 2010 -017 or any other Resolution or action of the City Council relating to fees for police services related to alarms permits or responses to false alarms. Section 4. The City Clerk shall certify as to the adoption of the Resolution and shall cause the same to be processed in the manner required by law. PASSED AND ADOPTED this 15th day of February, 2012. Manuel Lozano Mayor ATTEST: STATE OF CALIFORNIA COUNTY OF LOS ANGELES ss. CITY OF BALDW I N PARK I, ALEJANDRA AVILA, City Clerk of the City of Baldwin Park, do hereby certify that the foregoing Resolution was duly and regularly approved and adopted by the City Council of the City of Baldwin Park at a regular meeting thereof held on the 15th day of February, 2012 by the following vote: AYES: COUNCILMEMBERS: NOES: COUNCILMEMBERS: ABSENT: COUNCILMEMBERS: ABSTAIN: COUNCILMEMBERS: ALEJANDRA AVILA, CITY CLERK Exhibit "A" Baldwin Park Police Department Alarm Company Permit Fee Processing time for Police Captain: Steps Involved in the review of the Permit Application: Review of application Processing time for Chief of Police: Steps Involved in the review of the Permit Application: Review and approval of application Processing Time for Records Specialist Il: Steps Involved in the processing of Permit Application: Review of application Inputting data into database Compensation Rates 15 minutes 15 minutes 15 minutes Position Hourly Rate & Benefits Total Chief of Police $120.71 $121.79 Police Captain $113.20 $113.20 Records Specialist II $26.66 $26.66 Calculated @ Hourly Rate for Step 7 Employees Time and Motion Rates for Processing Alarm Permit Applications Position Time Chief of Police 15 minutes Police Captain 15 minutes Records Specialist II 15 minutes Pay Rate Cost $120.71 $30.42 $113.20 $28.29 $26.66 $6.66 Total Cost $65.37 All time and motion rates calculated at Pay Rate 160 (for minutes) x Time Exhibit "B" Baldwin Park Police Department Alarm User Permit Fee Processing time for Police Captain: Steps Involved in the review of the Permit Application: Review of application Processing time for Chief of Police: Steps Involved in the review of the Permit Application: Review and approval of application Processing Time for Records Specialist II: Steps Involved in the processing of Permit Application: Review of application Inputting data into database Compensation Rates 15 minutes 15 minutes 15 minutes Position Hourly Rate & Benefits Total Chief of Police $120.71 $121.79 Police Captain $11120 $113.20 Records Specialist II $26.66 $26.66 Calculated @ Hourly Rate for Step 7 Employees Time and Motion Rates for Processing Alarm Permit Applications Position Time Pay Rate Cost Chief of Police 15 minutes $120.71 $30.42 Police Captain 15 minutes $113.20 $28.29 Records Specialist II 15 minutes $26.66 $6.66 Total Cost $65.37 All time and motion rates calculated at Pay Rate 160 (for minutes) x Time Exhibit "c" Schedule of Fines and Fees for Alarm Permits and False Alarms Alarm Company Permit Fee Initial Fee $60 $30 Renewal Fee $60 $30 Alarm User Permit Fee Initial Fee $60 $30 Renewal Fee $60 $30 Late fee for untimely application for initial or renewal permit $15 $7.50 Adopted Adopted (Commercial) (Residential) False Alarm Administrative Fine 1St No Fine No Fine 2nd $75 $37 3rd $125 $62 4th $175 $87 5th and over $225 $112 Alarm Company Permit Fee Initial Fee $60 $30 Renewal Fee $60 $30 Alarm User Permit Fee Initial Fee $60 $30 Renewal Fee $60 $30 Late fee for untimely application for initial or renewal permit $15 $7.50 CITY COUNCIL. AGENDA IRIS FEB 15 ITEM N0. 60"' BALDWIN CITY OF BALDWIN PARK STAFF REPORT P A • R • K TO: Honorable Mayor and Members of the City Council FROM: Edwin "William" Galvez, Director of Public Works DATE: February 15, 2012 SUBJECT: PUBLIC HEARING FOR PROPOSED INSTALLATION OF STOP SIGN CONTROLS AT FOUR INTERSECTIONS PURPOSE The purpose of this report is to provide the City Council with the justifications and the procedure for the public hearing to install vehicle stop sign controls proposed at four intersections. BACKGROUND The City has been placing greater emphasis on traffic and pedestrian safety as encouraged by the City Council. Ample evidence of this the City's assertiveness in the development of our complete streets policy and the City's success with Safe Routes to School grants. However, another important aspect of improving traffic and pedestrian safety is to continuously look and existing conditions which fall out of compliance. One such aspect is the systematic elimination of yield condition intersections. A yield condition intersection is one in which two residential streets intersect, and the intersection does not a have a stop control on one of the streets. This condition used to be standard practice and was acceptable. Drivers approaching this type of intersection are supposed to yield to one another. However, an assumption may be made by both drivers that each has the right of way, and this could lead to a collision. DISCUSSION Every year, the City has focused on conducting a field survey and identifying residential intersections are under "yield" conditions, in other words intersection which have no stop controls. Public Hearing for Stop Sign Installation at Four Intersections Page 2 of 3 February 15, 2012 The City has identified four such intersections within the area bounded by Vineland, Pacific, Puente, and Badillo. The following four residential intersections are justified for the installation of stop sign controls: 1. Big Dalton Avenue and Jeremie Street 2. Big Dalton Avenue and Dexter Drive 3. Millbury Avenue and Alvine Lane 4. Central Avenue and Stichman Avenue These four intersections are currently uncontrolled. This means that vehicles traveling on the residential street with greater traffic volume (Big Dalton Avenue, Millbury Avenue, and Central Avenue) may assume they have the right -of -way, while vehicles from the other residential roadway (Jeremie Street, Dexter Drive, Alvine Lane and Stichman Avenue) may also assume they have the right of way. In fact, current intersection conditions requires that all drivers yield to one another as they approach the intersection from either direction. Unfortunately, there is no signage or anything else to indicate that a yield condition exists. Thus, to eliminate any ambiguity and to improve the safety of the motorists and the public, stop controls for one of the streets is recommended. Per the California Vehicle Code, Section 21354 — Stop signs on Local Highways, and the Manual of Uniform Traffic Control Devices (MUTCD- Section 2B), the local authority (City of Baldwin Park) may designate a highway as a "through street or highway" and therefore may erect stop controls at entrances thereto. Therefore it is staff's recommendation that Big Dalton Avenue, Millbury Avenue, and Central Avenue be designated as the "through street ", and that the other intersecting streets (Jeremie Street, Dexter Drive, Alvine Lane and Stichman Avenue) be controlled by stop controls. No other warrants need to be fulfilled for this recommendation. A public hearing notices were posted on February 2, 2012 at public buildings informing interested residents that of the recommended stop sign locations. City Staff will continue, through the City -Wide Traffic Master Plan, to audit intersections to identify and eliminate any uncontrolled intersections throughout the City. FISCAL IMPACT There is no impact on the General Fund. All stop sign installations will be done by staff under the existing operations budget. The approximate cost of $500 for each `stop' location will be absorbed in the current Public Works budget which has sufficient Gas Tax funds for these improvements. Public Hearing for Stop Sign Installation at Four Intersections February 15, 2012 RECOMMENDATION Staff recommends that the City Council: Page 3 of 3 1. Hold a Public Hearing; and. 2. After considering testimony, authorize staff to. install stop sign controls at the proposed four locations. ATTACHMENTS 1. Location Map 2. California Vehicle Code Section 21354 & MUTCD Section 2B.04 28.06 STOP Sign Applications ATTACHMENT 1 PROPOSED LOCATION MAP Alh IP Proposed Stop Controlled Sign Locations: 1. Big Dalton Avenue and Jeremie Street 2. Big Dalton Avenue and Dexter Drive 3. Millbury Avenue and Alvine Lane 4. Central Avenue and Stichman Avenue Big D lton Ave Jeremie t. Case A- Four -way Intersection with two - way stop controls Case B- Three -Way Intersection (Tee) with one -way stop controls ATTACHMENT 2 California Vehicle Code Section 21364 21354. Subject to the provisions of Section 21363, a local authority may designate any highway under its jurisdiction as a through highway and may erect stop signs at entrances thereto or may designate any intersection under its exclusive jurisdiction as a stop intersection and erect stop signs at one or more entrances thereto. MUTCD - Section 26.04 -.06 STOP Sign Applications Guidance: The use of STOP signs on the minor - street approaches should be considered if engineering judgment indicates that a stop is always required because of one or more of the following: A. The vehicular traffic volumes on the through street or highway exceeds 6,000 vehicles per day; B. A restricted view exists that requires road users to stop in order to adequately observe conflicting traffic on the through street or highway; and /or C. Crash records indicate that five or more crashes that involve the failure to yield the right -of -way at the intersection under the normal right -of -way rule have been reported within a 3 year period, or that three or more such crashes have been reported within a 2 year period. Standard: Because the potential for conflicting commands could create driver confusion, STOP signs shall not be used in conjunction with any traffic control signal operation, except in the following cases: A. If the signal indication for an approach is a flashing red at all times; B. If a minor street or driveway is located within or adjacent to the area controlled by the traffic control signal, but does not require separate, but does not require separate traffic signal control because an extremely low.potential for conflict exists; or C. If a channelized turn lane is separated from the adjacent travel lanes by an island and the channelized turn lane is not controlled by a traffic control signal. Guidance: STOP signs should not be used for speed control. Once the decision has been made to control an intersection, the decision regarding the appropriate roadway to control should be based on engineering judgment. in most cases, the roadway carrying the lowest volume of traffic should be controlled. A STOP sign should not be installed on the higher volume roadway unless justified by an engineering study. Support: The following are considerations that might influence the decision regarding the appropriate roadway upon which to install a STOP sign where two roadways with relatively equal volumes and/or characteristics intersect: A. Controlling the direction that conflicts the most with established pedestrian crossing activity or school walking routes; B. Controlling the direction that has obscured vision, dips, or bumps that already require drivers to use lower operating speeds; C. Control the direction that has the best distance from a controlled position to observe conflicting traffic. CITY COUNCIL AGENDA FEB f 5 - , BALDWIN CITY OF BALDWIN PARK STAWRART P•A•R - K TO: Honorable Mayor and Members of the ty Cgtuncil FROM: Vijay Singhal, Chief Executive Officer N DATE: February 15, 2012 SUBJECT: A Year in Review: A Report: on City's Performance and Accomplishments during 2011 PURPOSE: To provide the City Council with an update on the City's performance and accomplishments during 2011. BACKGROUND AND DISCUSSION: 2011 was a tough but good year for the City of Baldwin Park. Even though it has been several years since the start of the worst recession since the great depression, the economic recovery still eludes us. While there have been some positive indicators in the economy, significant challenges continue to plague the housing market, unemployment and local revenues. State and Federal budgets and increasing pension costs continue to add to these challenges by reducing the funding available for programs and services. Our revenues are still below their peak of several years ago, while costs are higher. Furthermore work load demands and expectations are continuously increasing and the City's staffing levels continue to be the leanest in comparison to prior years as well as other cities creating additional challenges. Despite numerous challenges, 2011 was a year of many accomplishments for the City of Baldwin Park. The City not only survived the massive economic storm, but also stayed financially strong, made significant strides in am aspects of public service and enhanced the value to its residents. The City team takes great pride in the fact that we have not wavered in the face of adversity and stood strong and committed to serving the community. It is very important to acknowledge that our performance improved despite significantly lower resources both financial and personnel. This was made possible as a result of the. City Council's vision and support and staff's commitment, dedication and hard work. City staff continues to exceed expectations by finding creative ways to provide service, cost saving measures and constantly implementing new programs and services to further improve performance. Our business is to serve the community of Baldwin Park and our biggest priority is to provide and maintain a good quality of life for the residents of Baldwin Park. It is very encouraging to note that despite all of these challenges, we have been able to deliver a performance that would be the envy of other Cities. 2011 -A Year in Review Page 2 Following is a summary of City's Accomplishments: 1. Fiscal Strength The City of Baldwin Park continues to practice fiscal conscientiousness. Despite lower revenues and poor economic conditions the City's fiscal condition has improved significantly. City's Fiscal policies and strength resulted in the upgrade of the rating of one of its Bond issues from "A -" to "A" by Standard's & Poor's. This is very remarkable exception in this economic environment when rating downgrade is the norm. Here are some highlights of our efforts and accomplishments in this area: o Ended another (fifth consecutive) fiscal year (2010/2011) in the black o Increased our reserves and cash balances o Provided stability for staff with no layoffs, furloughs or pay reductions Unlike many other organizations, which are struggling to balance their budgets and are implementing program cuts, potential layoffs, pay reductions, depleting reserves or implementing other drastic measures such as reducing services, we have maintained majority of programs and services funded in the prior year and still strengthened our fiscal condition. The following chart shows the six year trend of the General Fund's cash balance: $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 2006 2007 2008 2009 2010 2011 While almost $5.5 million cash balance is much better than the small balance we had in prior years, given the condition of the economy, the City should preserve it. Strong cash reserves are necessary to deal with cash flow needs, economic uncertainties and disasters and to help us with investments for growth and development. Not only has the City improved its financial position it has significantly improved its operational efficiency and operates with the leanest staffing levels among comparable cities. 2011 -A Year in Review Page 3 2. Improved Public Safety The most important element for a good quality of life is a safe community; where people are not only safe but feel safe. The City has made public safety a big priority and implemented numerous programs and policies to make the City safer. The City's proactive efforts, hard work of the sworn and other police department staff, effective policing strategies and numerous programs to improve quality of life, combined with collaborative efforts with its partners, have made Baldwin Park a much safer place. Baldwin Park can boast to be the safest city amongst its neighbors based on FBI crime statistics for calendar year 2010 as shown in the table below. Cky Safety Rank Baldwin Park 1 El Monte Glendora 2 3 Azusa 4 West Covina 5 Covina 6 Irwindale 7 Data Source: Federal Bureau of Investigations Uniform Crime Reports The information is based on total crime (violent +property +arson) per 1,000 residents, based on the FBI Crime statistics for calendar year 2010 for cities with their own police department, Crime Trend Effective programs and policies, combined with the efforts of the City's police force, have resulted in a significant reduction in overall crime in the City. The following chart shows the trend of crime for the past 7 years. 3,000 2,500 2,000 1,500 1,000 Part -I Crime Trend 2005 2006 2007 2008 2009 2010 2011 2011 -A Year in Review Page 4 Lowest Homicides in over two decades In 2011, the City experienced only one homicide. While even one homicide is tragic; 2011 marks a significant reduction in hom icides. Fewer Traffic Collisions Not only has crime decreased but as a result of City's proactive efforts, traffic accidents have also declined significantly making the City safer for pedestrians. In 2011 traffic accidents were 1 % lower than 2010 adding to the overall decline in traffic accidents over the past few years. 1,100 1,000 900 800 700 600 500 2005 2006 2007 2008 2009 2010 2011 Increased Arrests Additionally as a result of proactive enforcement by the Police Department, arrests have increased. Effective programs resulted in significant reduction in domestic Violence and Child Abuse cases. The Police Department continues to organize numerous outreach seminars and programs to educate and train the community to stay and remain safe. Ongoing efforts are being made to use technology to improve effectiveness. During the year video cameras were installed in all patrol units. Grant funds were used to purchase an Auto Vehicle Locator System that will allow dispatch to see the location of an officer in comparison to the location of the call for service and will improve officer safety. Other programs included two PRIDE Platoon programs, which graduated 31 at risk youth. Despite these significant gains in improving public safety, the City is committed to further improving the safety of our residents. 2011 -A Year in Review Page 5 3. Community Health and Wellness Efforts & Initiatives City Council's visionary leadership has elevated the City of Baldwin Park as a leader in programs and efforts to improve the health and wellness of its residents. While most communities tend to focus only on traditional services such as police, street maintenance, parks and recreation etc, the City of Baldwin Park has taken a very proactive and aggressive role in improving the health and wellness of the community, its residents and especially its children. City leadership has recognized and acknowledged that to ensure a healthy and successful future for its residents, it is very important to: • Provide an environment that encourages and promotes a healthy lifestyle • Discourages unhealthy and harmful choices, and • Offers options and opportunities to embrace these choices. In partnership with residents and other agencies the City has implemented numerous programs in this regard. Following is a list of some of the accomplishments in this area: • City's efforts were recognized by the First Lady at the White House • City recently received an "A" from American Lung Cancer Association for its tobacco control efforts. Baldwin Park is one of the 12 cities and Counties in California to receive an "A" grade • Approved an ordinance to protect residents in Multi Family units from second hand smoke • Strengthened efforts to improve walking and bicycling opportunities in the City • Adopted a Complete Streets Policy, which was ranked #1 in the nation • Completed Healthy Baldwin Park Bus Designs to promote health awareness • The City is in the process of installing another Outdoor Fitness Zone at Morgan Park • Conducted Household Hazardous Waste collection event • City continues to oppose the construction of MRF in the City of Irwindale. As a result of City's efforts, a project that was supposed to be approved in fall of 2009 is still pending. • In summer of 2011 staff took aggressive proactive actions to inspect and clean swimming pools to protect the community from a West Nile Virus threat 4. Community Service Customer Service As a service organization our primary goal is customer service. The City of Baldwin Park prides itself in providing quality service to its residents. Whether it is providing quality services to help our residents and businesses or just finding creative ways to run an efficient organization, city staff is committed to developing and implementing programs and activities that meet and exceed expectations. Despite fewer resources, we have made significant efforts to improve quality and delivery of service in all aspects of public service. 2011 -A Year in Review Page 6 During the worst recession of our lifetime when other cities have cut programs and services, City of Baldwin Park staff developed and managed programs which have resulted in millions of dollars in grants, recognitions and awards, new and improved facilities, better communication, improved infrastructure, new programs and services and numerous other initiatives to enhance the quality of life in the City. Programs and Services Following are some examples of programs for the community to enhance their service experience and create greater value for them. • Summer Youth Employment Program • Pride Platoon • Domestic Violence Prevention Program • Keep Baldwin Park Beautiful program to enhance neighborhoods • Teen Summit • College Financial Aid Workshops • UCLA Going to College Program • College Fair • MAPS for College Grants Awards and Recognitions • Received the Playful City award for the third consecutive years • Received Certificate for Excellence in Financial Reporting from Government Finance Officers Association for its audited Financial Statements • Secured grant for Outdoor Fitness Zone • Secured and invested more than $4 million from stimulus (ARRA) funds • Secured more than 1.5 million under Federal and State Safe Routes to School Program to improve the safety of pedestrians • Received "Value Level" for work toward energy efficiency at City facilities from the Energy Leadership program • Secured other grants for street improvements and to promote recycling • Secured grants for alley cleanup to further promote City's efforts with the Keep Baldwin Park Beautiful program • City is a finalist for the Prop 84 Joint use grant program for construction of a gym at the Olive Middle School Lean and Efficient Organization /Improved Operating Performance In challenging times when resources are limited and scarce, organizations must come up with creative ways of providing service, improve efficiency, and implement cost savings. City staff has implemented numerous measures to accomplish these goals. The City has implemented numerous technology upgrades to enhance accessibility, service and performance. Here are some examples: BP Connect- web, mobile device based service that offers customers access to City Hall 24/7 2011 -A Year in Review Page 7 • Acceptance of Visa & Master Card for program registration of Recreation programs • Online police reporting • Completed requirements and submitted an application for Tree City USA designation • Public Access Channel to provide information to the community in a more effective manner • Implemented several programs to enhance employee safety • New and efficient Business License Program along with a free business directory • Implementation of new Employee Portal for paperless paystubs Investment to Improving Streets, Facilities, Equipment and Pedestrian Safety • City invested approximately $5 million to improve its streets and sidewalls • Installed Speed Humps, Traffic Signal and Speed Feed Back signs to improve traffic safety • Installed an entry Monument at the City entrance on Ramona • Completed installation of other traffic safety measures in the City • Upgraded City buses with energy efficient buses • Completed design of the Transit Center Parking Structure Project • Completed plantation of 200 trees along Francisquito Ave. • Implemented Energy Efficiency upgrades at City facilities including a Solar Panel project at Morgan Park. Others • Despite a recession new businesses opened in the City. For example Superior opened in the vacant Albertsons site, 7- Eleven opened on Maine, Fitness 19 and Wells Fargo Bank opened in the Walmart complex. • The City invested about $1 million in Neighborhood Stabilization Program (NSP) funds to purchase and rehabilitate 3 foreclosed single family residences. One was recently sold to a Baldwin Park veteran of the Iraq war. Summary As discussed in the report, in 2011 the City of Baldwin Park made significant strides in all areas of public service. Despite challenges created by a bad economy, lower revenues and fewer staff, the City had numerous accomplishments. We hope that our efforts in these core areas will enhance our ability to provide quality public service to our community, not only today, but in the future as well. Even though the City has numerous accomplishments in all areas and continues to move ahead, the economy continues to create fiscal challenges. The City has survived the economic storm so far, but needs to deal with challenges such as lower revenues, lack of growth, increased pension and retiree health costs, infrastructure needs, increasing cost of state mandates, skeletal staffing levels, increased demand for 2011 -A Year in Review Page 8 service and the recent blow of elimination of Redevelopment Agencies. To continue to meet community expectations and keep up with growing needs the City would need to explore and implement new revenue sources. We will be discussing options to deal with these challenges during the upcoming budget session. We are very proud that our efforts and contributions made 2011 yet another great year for the City of Baldwin Park especially when program and service reductions, layoffs and furloughs seem to be the norm. This success was the result of a strong vision and support from the City Council, strong commitment and leadership from the E -Team and dedication and hard work by all city staff members. Thanks to a great performance by an outstanding team. RECOMMENDATION: It is recommended that the City Council receive and file this report CITY COUNCIL AGENDA FEB 15 .w.1 /sSS CITY OF BALDWIN PARK IT NO. 1 REPORTS OF OFFICERS BALDWIN P - A - R - K TO: Honorable Mayor and Members of the City Council FROM: Vijay Singhal, Chief Executive Officer Joseph W. Pannone, City Attorney Lorena Quijano, Finance Director DATE: February 15, 2012 SUBJECT: Approval of Recognized Obligation Payment Schedule ( "ROPS ") for the period from January through June 2012 by the City Council as Governing Body of the Successor Agency to the Community Development Commission PURPOSE To adopt the Recognized Obligation Payment Schedule ( "ROPS ") for the period from January 1, 2012 through June 30, 2012. This action is to be taken by the City Council acting as the governing body of the successor agency to the Community Development Commission ( "CDC ") with respect to redevelopment agency matters. BACKGROUND/DISCUSSION In an attempt to balance the State's budget the California Legislature adopted, and the Governor signed, ABX1 26 (2011) and ABX1 27 (2011). These two bills, taken together, purported to dissolve redevelopment agencies effective as of October 1, 2011, unless the City that created the redevelopment agency agreed to make certain payments to the State Department of Finance and the County Auditor - Controller and suspended redevelopment agency powers in the interim. The California Redevelopment Association, the League of California Cities and others challenged the legality of ABX1 26 and ABX1 27 in the California Supreme Court. On December 29, 2011, the California Supreme Court issued its opinion in the case of California Redevelopment Association, et al. v. Ana Matosantos, etc., et al., Case No. S194861, and upheld the validity of Assembly Bill X1 26 ( "AB 26 ") and invalidated Assembly Bill X1 27 ( "AB 27 "). The result of this decision is all redevelopment agencies were dissolved effective February 1, 2012 and the City of Baldwin Park is now the successor agency to the former Community Development Commission ( "CDC "). Pending its decision, the Supreme Court had stayed the provisions of AB 26 dissolving redevelopment agencies and providing for the winding up of their affairs. As part of its decision, the Supreme Court extended deadlines for certain actions required or permitted under AB 26. Approval of Recognized Obligation Payment Schedule Page 2 of 3 AB 26 was drafted with recognition that redevelopment agencies had a variety of debts and obligations that still must be met in order to avoid causing harm to the persons to whom those debts and obligations are owed. Successor agencies will receive tax revenues from the country auditors in order to ensure those obligations, referred to in AB 26 as "enforceable obligations," will be met. In order to enable the county auditor to determine how much tax revenue a successor agency needs to meet its enforceable obligations, AB 26 requires the preparation of a series of schedules of enforceable obligations. The Enforceable Obligation Payment Schedule ( "EOPS ") was approved by the CDC prior to its dissolution. That schedule forms the basis for the preparation of the first schedule to be approved by the City Council as the governing body of the successor agency, the Recognized Obligation Payment Schedule (`BOPS "). The ROPS is similar to the FOPS, but includes a column identifying the source of payment for each obligation. A ROPS will be prepared and presented to the City Council as the governing body of the successor agency for approval for each six -month period, from January 1 through June 30 and from July 1 through December 31, until all of the CDC's enforceable obligations have been paid in full. As drafted, AB 26 required the first ROPS to cover the period from January 1, 2012 through June 30, 2012. Due to the Supreme Court's ruling delaying the effectiveness of AB 26 by four months, the first schedule will cover the period from March 1, 2012 through June 30, 2012. Subsequent schedules will be for six- month periods. The ROPS being presented is for the six month period of January through June 2012. After the ROPS has been approved by the City Council as governing body for the successor agency, it must be audited by an external auditor. It is our understanding that procedures for such audits are being prepared by the County of Los Angeles. The audited ROPS will then be presented to the Oversight Board for approval and the approved ROPS must then be provided to the Los Angeles County Auditor, the State Controller and the Department of Finance and posted on the successor agency's website. FISCAL IMPACT Under AB 26, the City, as successor agency, may only pay the enforceable obligations of the former CDC listed on the ROPS. The successor agency is prohibited by AB 26 from entering into new obligations, except as necessary for the administration of the successor agency and Oversight Board and the winding up of the CDC's business. The intent of the ROPS is to identify all enforceable obligations of the former CDC payable before June 30, 2012. Nothing in AB 26 provides for the assumption of the CDC's obligations by the City. AB 26 limits the liability of the successor agency for the CDC's obligations to assets transferred to the City as successor agency from the CDC by operation of law. However, as to liability arising under Federal law, this State statutory limitation on liability may prove to be ineffective. Approval of Recognized Obligation Payment Schedule Page 3 of 3 RECOMMENDATION We recommend the City Council, as the governing body of the successor agency, approve the ROPS and direct staff to proceed with having the BOPS (1) audited, (2) approved by the oversight board, (3) sent to the County Auditor, the State Controller and Department of Finance, and (4) posted on the City's website. ATTACHMENT Recognized Obligation Payment Schedule for January 1, 2012 _ June 30, 2012 ca m N L6 W co 4 LL 7 � o c g N Q, cc Q C W c _1 CL m W a � ,Z^ N LL m` C z a m � m Q m a z O U Q d Q m O s7. 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DATE: February 15, 2012 U 4 SUBJECT: Authorization to Invest Moneys in the Local Agency Investment Fund by the Successor Agency PURPOSE To recommend that the Successor Agency to the City of Baldwin Park Community Development Commission adopt a Resolution (Attachment "A ") authorizing the investment of Successor Agency moneys in the Local Agency Investment Fund (LAIF) of the State of California. BACKGROUNDIDISCUSSION In an attempt to balance the State's budget the California Legislature adopted, and the Governor signed, ABX1 26 (2011) and ABX1 27 (2011). That legislation purported to terminate the redevelopment authority and functions of the Baldwin Park Community Development Commission (the "CDC ") effective as of October 1, 2011, unless the City of Baldwin Park (the "City ") agreed to make certain payments to the State Department of Finance and the County Auditor - Controller and suspended redevelopment agency powers in the interim. The California Redevelopment Association, the League of California Cities and others challenged the legality of ABX1 26 and ABX1 27 in the California Supreme Court. Among other grounds, that challenge relied on Proposition 22, passed by the voters to protect local government revenues from being absconded with by the State to balance the State's budget. In addition, the challenge relied on California Constitution Article XVI, Section 16, which provides a redevelopment agency is to receive tax increment revenue for use within its local community to accomplish its purposes, and other state constitutional provisions regarding limitations on use of tax revenues. On December 29, 2011, the California Supreme Court issued its opinion in the case of California Redevelopment Association, et al. v. Ana Matosantos, etc., et al., Case No. S194861, and upheld the validity of Assembly Bill X1 26 ( "AB 26 ") and invalidated Assembly Bill X1 27. The result of this decision is all redevelopment agencies will be dissolved and there is no option to continue the Agency's existence by making payments to the State. Local Agency Investment fund Resolution Successor Agency Page 2 The State Treasurer's Office, in a letter dated January 25, 2012, indicated that the State Treasurer's Office would be unable to process any transactions until the Successor Agency has taken action to authorize the investment of Successor Agency moneys in LAIF and to designate authorized representatives of the Successor Agency to make deposits in and withdrawals from the Agency LAIF Account on behalf of the Successor Agency (Attachment "B "). Any LAIF account balances maintained by the CDC were transferred to a new Successor Agency bank account. Once the required information is sent to the California State Treasurer's Office, the Successor Agency will be allowed to process transactions with LAIF. FISCAL IMPACT: There is no fiscal impact. The adoption of this Resolution is necessary to establish a LAW account for the Successor Agency. RECOMMENDATION Staff recommends that the Successor Agency adopt the attached Resolution and direct staff to remit the required information to California State Treasurer's Office. ATTACHMENTS 1. Resolution 2. January 25, 2012 Letter from California State Treasurer's Office ATTACHMENT 1 RESOLUTION NO. SA 2012 -001 A RESOLUTION OF THE SUCCESSOR AGENCY TO THE CITY OF BALDWIN PARK COMMUNITY DEVELOPMENT COMMISSION AUTHORIZING THE INVESTMENT OF MONEYS IN THE LOCAL AGENCY INVESTMENT FUND OF THE STATE OF CALIFORNIA AND TAKING CERTAIN ACTIONS IN CONNECTION THEREWITH WHEREAS, on July 3, 1974, the City Council of the City of Baldwin Park (the "City") activated the Redevelopment Agency of the City of Baldwin Park by adoption of Ordinance No. 684 (the "Agency") and on July 21, 2004, deactivated the Agency and activated the Community Development Commission of the City of Baldwin Park ( "Commission ") by adoption of Ordinance No. 1239; and WHEREAS, the Commission, through the exercise of its powers under the California Community Redevelopment Law (Health & Safety Code §§ 33000 et seq.) ( "CRL ") has made major contributions to the physical and economic development of the City and has strengthened the City's ability to meet the needs of its citizens and contributed to the quality of life throughout the City; and . WHEREAS, AB X1 26 and AB X1 27 were signed by the Governor of California on June 29, 2011, making certain changes to the Community Redevelopment Law (Part 1 (commencing with Section 33000) of Division 24 of the California Health and Safety Code) (the "Redevelopment Law"), including adding Part 1.8 (commencing with Section 34161) ( "Part 1.8 ") and Part 1.85 (commencing with Section 34170) ( "Part 1.85 "). WHEREAS, The California Redevelopment Association and League of California Cities filed a lawsuit in the Supreme Court of California (California Redevelopment Association, et al. v.Matosantos, et al. (Case No. S194861)) alleging that AB X1 26 and AB X1 27 are unconstitutional. On December 29, 2011, the Supreme Court issued its opinion in the Matosantos case largely upholding AB X1 26, invalidating AB X1 27, and holding that AB X1 26 may be severed from AB X1 27 and enforced independently. WHEREAS, The Supreme Court generally revised the effective dates and deadlines for performance of obligations in Part 1.85 arising before May 1, 2012, to take effect four months later. WHEREAS, As a result of the Supreme Court's decision, the Community Development Commission of the City of Baldwin Park, was dissolved on February 1, 2012. WHEREAS, Pursuant to Chapter 730 of the statutes of 1976, Section 16429.1 was added to the California Government Code to create the Local Agency Investment Fund ( "LAIF ") in the State Treasury for the deposit of moneys of local agencies for investment by the State Treasurer. Local Agency Investment Fund Resolution Successor Agency Page 2 WHEREAS, The Commission from time to time invested its money in LAIF in accordance with the provisions of Section 16429.1 of the California Government Code. WHEREAS, In response to a request of the State Treasurer's Office, the City Council wishes to adopt this resolution authorizing the investment of Successor Agency moneys in LAIF and authorizing certain officers of the Successor Agency to order the deposit or withdrawal of moneys in LAIF on behalf of the Successor Agency. NOW, THEREFORE, THE SUCCESSOR AGENCY TO THE CITY OF BALDWIN PARK COMMUNITY DEVELOPMENT COMMISSION DOES HEREBY FIND, DETERMINE, RESOLVE, AND ORDER AS FOLLOWS: Section 1. The above recitals are true and correct and are a. substantive part of this Resolution. Section 2. The City Council hereby finds that it is in the best interest of the Successor Agency to deposit and withdraw moneys in LAIF from time to time in accordance with the provisions of Section 16429.1 of the California Government Code for the purpose of investment as stated therein. Section 3. The deposit and withdrawal of the Successor Agency's monies in LAIF in accordance with the provisions of Section 16429.1 of the California Government Code from time to time for the purpose of investment as stated therein, and verification by the State Treasurer's Office of all banking information provided in that regard, are hereby authorized. Section 4. The following officers of the Successor Agency or their successors in such officers, are hereby authorized to order the deposit or withdrawal of monies in LAIF on behalf of the Successor Agency for any account of the Successor Agency (including accounts maintained by the Commission which are now accounts of the Successor Agency). Name Ron Broellos Rose Tam Lorena Qui'ano Title Accountant Assistant Accounting Manager Finance Director Signature Section 5. The officers of the Successor Agency are hereby authorized and directed, jointly and severally, to do any and all things, to execute and deliver any additional instruments which they may deem necessary or advisable in order to effectuate the purposes of this Resolution and any such actions previously taken by such officers are hereby ratified and confirmed. Section 6. The Secretary of the Successor Agency is hereby authorized and directed to submit a certified copy of this Resolution and such forms as may be required to the Office of the State Treasurer to effectuate the purposes of this Resolution. Local Agency Investment Fund Resolution Successor Agency Page 3 PASSED, APPROVED, AND ADOPTED BY THE SUCCESSOR AGENCY OF THE COMMUNITY DEVELOPMENT COMMISION OF CITY OF BALDWIN PARK THIS 15TH DAY OF FEBRUARY 2012. Manuel Lozano, Mayor ATTEST STATE OF CALIFORNIA COUNTY OF LOS ANGELES SS CITY OF BALDWIN PARK I, ALEJANDRA AVILA, City Clerk of the Successor Agency of the City of Baldwin Park Commission, do hereby certify that the foregoing resolution was duly and regularly approved and adopted by the City Council of the City of Baldwin Park at a regular meeting thereof held on February 15, 2012, by the following vote: AYES: COUNCIL MEMBERS: NOES: COUNCIL MEMBERS: ABSENT: COUNCIL MEMBERS: ABSTAIN: COUNCIL MEMBERS: ALEJANDRA AVILA CITY CLERK STATE OF CALIFORNIA Bill Lockyer, Treasurer OFFICE OF THE TREASURER Attachment 2 ;; . P. 0. BOX 942809 SACRAMENTO, CA 94209- 0001'<. January 25, 2012 Dear LAIF Participant: Commviiy DeW0pment As you know, as a result of AB xl 26 and the recent Supreme Court decision, redevelopment agencies will no longer exist as of January 31, 2012. Your agency maintains an account with the Local Agency Investment Fund (LAIF), managed by the State Treasurer's Office. Our policies require that no transactions can be processed in LAIF accounts without evidence that the individual requesting the transaction is authorized by the agency on whose behalf the request is made. Specifically, we require a resolution, bank and authorization form. We believe it is important that you are aware of these requirements as you wind down your operations and transition to the successor entity. Please provide us with information regarding the identity of the successor entity that will be taking over your agency's operations and contact information for a person at the successor entity we can work with to get new authorization documents in place as soon as possible. You and your successor entity should be aware that without appropriate documentation in place, transactions in the LAIF account for your agency, or as it is taken over by the successor entity, cannot be processed. It is important that you immediately send a letter that states what your successor entity is and the above mentioned supporting documentation to the State Treasurer's Office: Please do this for each account you have in LAIF, including any bond accounts. This material should be sent to: Local Agency Investment Fund California State Treasurer's Office PO Box 942809 Sacramento, CA 95814 Attention: RDA Coordinator If you have questions on this, please contact the LAIF staff at 916/653 -3001 Thank you, Daniel S. Dowell Director, Investment Division Regular Account Sample Resolution RESOLUTION OF (CITYIDISTRICT) AGENCY AGENCY ADDRESS PHONE NUMBER AUTHORIZING INVESTMENT OF MONIES IN THE LOCAL AGENCY INVESTMENT FUND . WHEREAS, Pursuant to Chapter 730 of the statutes of 1976 Section 16429.1 was added to the California Government Code to.create a Local Agency Investment Fund in the State Treasury for the deposit of money of a local agency for purposes of investment by the State Treasurer; and WHEREAS, the City Council /Board of Directors does hereby find that the deposit and withdrawal of money in the Local Agency Investment f=und in accordance with the provisions of Sectionl6429.1 of the Government Code for the purpose of investment as stated therein as in- the best interests of the (City/District) NOW THEREFORE, BE IT RESOLVED, that the City Council /Board of Directors does hereby authorize the deposit and withdrawal of (City/Dlstrict) monies in the Local Agency Investment Fund in the State Treasury in accordance with the provisions of Section 16429.1 of the Government Code for the purpose of investment as stated therein, and verification by the State Treasurer's Office of all banking -information provided in that regard. BE IT FURTHER RESOLVED, that the following (City /District) officers or their successors in office shall be authorized to order the deposit or withdrawal of monies in the Local Agency Investment Fund: (NAME) (TITLE) ( SIGNATURE) (SIGNATURE) (NAME) (TITLE) (SIGNATURE) PASSED AND ADOPTED, by the City Council /Board of Directors of (City /District) (County) of State of California on (Date) . Note: Resolution must be adopted by the governing body. Please submit an original resolution or a certified copy of the resolution to LAIR A certified copy is 1) a copy of the resolution affixed with the seal of the agency or 2) a copy of the resolution.attested by the City Clerk/Board Secretary with his/her original.signature. Resolutions receives! by LA1F supersede current resolutions on file with LAIF unless otherwise specified. Revised .July 30, 2007 LOCAL AGENCY INVESTMENT FUND AUTHORIZATION FOR TRANSFER OF FUNDS REGULAR ACCOUNT AUTHORIZED PERSONS AGENCY NAME: ATTENTION (title only): DATE ADDRESS: PHONEIFAX NUMBER: W.101M LOCAL AGENCY INVESTMENT FUND AUTHORIZATION FOR TRANSFER OF FUNDS REGULAR ACCOUNT BANKING INFORMATION ACCOUNT & ABA NUMBER BANK NAME, BRANCH NUMBER (attach complete wiring CORRESPONDENT BANK ADDRESS & TELL+'FRONE NUMBER instructions it *Subject to verification by State Treasurer's Office PLEASE MAIL COMPLETED CARD TO: STATE TREASURER'S OFFICE LOCAL AGENCY INVESTMENT FUND P.O. Box 942809 SACRAMENTO, CA 94209 -0001 Authorized Signature (Must be authorized on Resolution) x .Authorized Signature (Must be authorized on Resolution) CITY COUkIGIL AGENDA FEB 1 ITEM NO SUCCESSOR AGENCY CITY OF BALDWIN PARK February 15, 2012 WARRANT REGISTER NO. 747 REPORT: CHECKREG GENERATED: 13 JAN 11 15:48 RUN: THURSDAY JAN262012 08:38 PAGE 3 CITY OF BALDWIN PARK CHECK REGISTER CHECK RANGE: 13325 - 13328 CHECK BANK CHECK # , CHECK AMT CHECK'DATE VENDOR # ADDRS # VENDOR NAME STATUS WO --------------------------------------------------------------------------------------------- # AMOUNT G /,L ACCT # DESCRIPTION --- - INVOICE _# INV VEND -- ---- -'-^-_----- --- ----- ----------- 2 13325 $134.55 12/29/11 00205 2 CSMFO 38.87 801 -20 -210- 53350 - 14900 -2 2012 CSMFO CONFERENCE 20.12 CSMFO CONF 53.82 806 -20- 210 - 53350- 14900 -2 2012 CSMFO CONFERENCE 41.86 890 -20- 210 - 53350 - 14900 -2 2012 CSMFO CONFERENCE 2 13326 $152.00 01/17/12 08887 0 CITY OF GLENDORA 38.00 801 -40- 400 - 53350- 14900 -2 CSMFO MTG M.CASTAGNOLA CSMFO MTG 1/18/12 3800 801 -40- 470 - 53350- 14420 -2 CSMFO MTG M.PICAZO 76..00 806 -20- 210- 53350- 14470 -2 CSMFO MTG ROSE & LORENR 2 13327 $3675.00 01/17/12 05191 0 HARRELL & CO ADVISORS, LLC 1200.00 831 -00- 000 - 51191- 14900 -2 S.GABRIEL RIVER TAX ALLOCATION CDC ISSUES 1%2012 1275.00 832 -00 -000- 51101- 14900 -2 MERGED REDEVELOPMENT PROJECT ' 1200.00 837 -06- 000 - 51101- 14900 -2 SALES TAX ALLOCATION BONDS 2 13328 $97.64 01/23/12 00348 0 FEDERAL EXPRESS CORP 97.64 805 -40 -470- 53100- 14470 -2 ANNUAL HCD REPORTS 7- 756 -70091 - TOTAL # OF ISSUED CHECKS: 4 TOTAL AMOUNT: 4059.19 TQTAL # OF VOIDED /REISSUED CHECKS: 0 TOTAL AMOUNT: 0.00 TOTAL # OF ACH CHECKS: 0 TOTAL AMOUNT: 0.00 TOTAL # OF UNISSUED CHECKS: 0 oy I 4 Warrants Register No. 747 Page 2 REPORT: CHECKRFG GENERATED: 13 JAN 11 15:48 RUN: THURSDAY FRB022012 16:55 PAGE 3 CITY OF BALDWIN PARK CHECK REGISTER CHECK RANGE: 13329 - 13330 CHECK HANK CHECK # CHECK AMT CHECK-DATE VENDOR # ADDRS # VENDOR NAME STATUS WO # AMOUNT G /L'ACCT # DESCRIPTION INVOICE # INV VEND ' 2 13329 $660.00 01/31/12 08588 0 ALESHIRE & WRM13R LLP 110.00 836 -00- 000- 51101 - 14900 -2 _ PROF SERV THRU 12/31/2011 18785 110.00 834 -00- 000 - 51101- 14900 -2 PROF SERV THRU 12/31/2011 •110._00 835 -00- 000 - 51101 - 14900 -2 PROF SERV THRU 12/31/2011. 110.00 831 -00- 000 - 51101 - 14900 -2 PROF SERV THRU 12/31/2011 _ ' 110.00 832 -00 -000- 51101 - 14900 -2 PROF SERV THRU 12/31/2011 110.00 833 -00- 000 - 51101414900 -2 PROF SERV THRU 12/31/2011 . 2 13330 $2000.00 01/31/12 05173 0 VASQUEZ & COMPANY LLP 1000.00 •890 -40- 410 - 51101 - 14900 -2 STATE CONTROLLER RPT PREPARATI 2011664 -IN 1000.00 803 -00- 000 - 51101 - 14900••2 STATE CONTROLLER RPT PREPARATI TOTAL # OF 188UED CHECKS: 2 TOTAL # OF VOIDED /REISSUED CHECKS: 0 TOTAL # OF ACH CHECKS: 0 TOTAL # OF UNISSUED CHECKS: . 0 TOTAL AMOUNT: 2660.00 TOTAL AMOUNT: 0.00 TOTAL AMOUNT: 0.00 AGENDA BALDWIN PARK FINANCE AUTHORITY February 15, 2012 7:00 PM REGULAR MEETING COUNCIL CHAMBER 14403 E. PACIFIC AVENUE BALDWIN PARK, CA 91706 (626) 960 -4011 &.A y_p , g > a i� r :. . Manuel Lozano Susan Rubio Marion Garcia Monica Garcia Ricardo Pacheco - Mayor - Mayor Pro Tom - Council Member - Council Member - Council Member PLEASE TURN OFF CELL PHONES AND PAGERS WHILE MEETING IS IN PROCESS POR FAVOR DEAPAGAR SUS TELEFONOS CELULARES YBEEPERS DURANTE LA JUNTA PUBLIC COMMENTS COMENTARIOS DEL PUBLICO The public is encouraged to address the City Council or Se invita a/ publico a dirigirse al Concilio o cualquiera otra de any of its Agencies listed on this agenda on any matter sus Agencias nombradas en esta agenda, para hablar sobre posted on the agenda or on any other matter within its cualquier asunto publicado en la agenda o cualquier tema que jurisdiction. If you wish to address the City Council or any este bajo su jurisdiccidn. Si usted desea la oportunidad de of its Agencies, you may do so during the PUBLIC dingirse at Concilio o alguna de sus Agencias, podri hacerlo COMMUNICATIONS period noted on the agenda. Each durante el periodo de Comentarios del Publico (Public person is allowed three (3) minutes speaking time. A Communications) anunciado en la agenda. A cada persona se Spanish speaking interpreter is available for your le permite hablar por tres (3) minutos. Hay un interprete para convenience. su conveniencia. Any ,ov-ritten pubiic record felating to an agpoda ;term fbi are open session, of a reg al ar meefing of the Finance Aida o iFy that is dj,'3tdbLJf8d try the Authority iris than 72 f,otn's prior to that rneptin €yritf be available fo;- public iospe(;tion at City !-tall in the City Clerks office at 14403 E. Pacific Avenue, 3rd Floor duIng ravrmai busir}ess hours (Monday - Thwsday,. 71-30 a, ra), m 6:00 P.M) CALL TO ORDER ROLL CALL FINANCE AUTHORITY REGULAR MEETING — 7:00 PM Council Members: Marlon Garcia, Monica Garcia, Ricardo Pacheco, Mayor Pro Tom Susan Rubio and Mayor Manuel Lozano PUBLIC COMMUNICATIONS Three (3) minute speaking time limit Tres (3) minutos sera el limite pars hablar THIS IS THE TIME SET ASIDE TO ADDRESS THE COMMISSION No action may be taken on a matter unless it is listed on the agenda, or unless certain emergency or special circumstances exist. The legislative body or its staff may., 1) Briefly respond to statements made or questions asked by persons; or 2) Direct staff to investigate and /or schedule matters for consideration at a future meeting. [Government Code §54954.2] ESTE ES EL PERIODO DESIGNADO PARA DIRIGIRSE AL COMIS16N No se podra tomar acci6n en algOn asunto a menos que sea incluido en la agenda, o a menos que exists algOna emergencia o circunstancia especial. El cuerpo legislativo y su personal podran: 1) Responder brevemente a declaraci6nes o preguntas hechas por personas; o 2) Dirigir personal a investigar y/o fijar asuntos para tomar en consideraci6n en juntas proximas. [Codigo de Gobierno §54954.2] CONSENT CALENDAR 1. TREASURER'S REPORT: DECEMBER 2011 Staff recommends that the Finance Authority receive and fife the December 2011 Treasurer's Report. (item #2 on the City Council Agenda, and Item #1 on the Housing Authority Agenda) ADJOURNMENT CERTIFICATION 1, Alejandra Avila, City Clerk of the City of Baldwin Park hereby certify under penalty of perjury under the laws of the State of California that the foregoing agenda was posted on the City Hall bulletin board not less than 72 hours prior to the meeting. Dated this 9th day of February, 2012. Alejandra Avila City Clerk Finance Authority Agenda — February 15, 2012 PLEASE NOTE. Copies of staff reports and supporting documentation pertaining to each item on this agenda are available for public viewing and inspection at City Hall, 2"6 Floor Lobby Area or at the Los Angeles County Public Library in the City of Baldwin Park. For further information regarding agenda items, please contact the office of the City Clerk at (626) 960 -4011, Ext. 466 or via e-mail at Fsalceda @baldwinpark.com. In compliance with the - Americans with Disabilities Act if you need special assistance to participate in this meeting, please contact the Public Works Department or Risk Management at (626) 960 -4011. Notification 48 hours prior to the meeting will enable staff to make reasonable arrangements to ensure accessibility to this meeting. (28 CFR 34.102.104 ADA TITLE 11) Finance Authority Agenda — February 15, 2012 FINANCING AUTHORITY AGENDA FEB 1 5 ITEM N0. Wt. Finance Authority Item #1 See Item #2 on the City Council Agenda AGENDA BALDWIN PARK HOUSING AUTHORITY February 15, 2012 7:00 PM REGULAR MEETING COUNCIL CHAMBER 14403 E. PACIFIC AVENUE BALDWIN PARK, CA 91706 (626) 960 -4019 6M Manuel Lozano - Mayor Susan Rubio - Mayor Pro Tern Marlen Garcia - Council Member Monica Garcia - Council Member Ricardo Pacheco - Council Member PLEASE TURNOFF CELL PHONES AND PAGERS WHILE MEETING IS IN PROCESS POR FAVOR DE APAGAR SUS TELEFONOS CEL ULARES Y BEEPERS DURANTE LA JUNTA PUBLIC COMMENTS COMENTARIOS DEL PUBLICO The public is encouraged to address the City Se invita al publico a dirigirse al Concilio o cualquiera Council or any of its Agencies listed on this agenda otra de sus Agencias nombradas en esta agenda, para on any matter posted on the agenda or on any other hablar sobre cualquier asunto publicado en la agenda o matter within its jurisdiction. if you wish to address cualquier tema que est6 bajo su judsdicci6n. Si usted the City Council or any of its Agencies, you may do desea la oportunidad de dirigirse al Concilio o alguna de so during the PUBLIC COMMUNICATIONS period sus Agencias, podrb hacerlo durante el periodo de noted on the agenda. Each person is allowed three Comentarios del Publico (Public Communications) (3) minutes speaking time. A Spanish speaking anunciado en la agenda. A calla persona se le permite interpreter is available for your convenience. hablar por tres (3) minutos. Hay un int6rprete para su conveniencia. Any w itten publio record roi`afing to ai? agei,cda itwrn for an open session of a regular meeting of the!-lousing Authority that is distributed to the City 72 "?ours prior to that meeting setin -will be ave iable for ubfic ir;specticrn of City Nail ire7 the City GIei k�s ofto ot'14403 �. Pacific Aventoe, rd Roo �L;�ir;g ?�i�?mai business hours (P ti ,y - / LL, HOUSING AUTHORITY REGULAR MEETING — 7:00 PM CALL TO ORDER ROLL CALL Council Members: Marlen Garcia, Monica Garcia, Ricardo Pacheco, Mayor Pro Tern Susan Rubio and Mayor Manuel Lozano PUBLIC COMMUNICATIONS Three (3) minute speaking time limit Tres (3) minutos ser6 el limite para hablar THIS IS THE TIME SET ASIDE TO ADDRESS THE COMMISSION No action may be taken on a matter unless it is listed on the agenda, or unless certain emergency or special circumstances exist. The legislative body or its staff may: 1) Briefly respond to statements made or questions asked by persons; or 2) Direct staff to investigate and /or schedule matters for consideration at a future meeting. (Government Code §54954.21 ESTE ES EL PERIODO DESIGNADO PARA DIRIGIRSE AL COMIS16N No se podra tornar acci6n en algun asunto a menos que sea incluido en la agenda, o a menos que exists alguna emergencia o circunstancia especial. El cuerpo legislative y su personal podran: 1) Responder brevemente a declaraci6nes o preguntas hechas por personas; o 2) Dirigir personal a investigar y/o fijar asuntos pars tomar en consideraci6n en juntas proximas. jCodigo de Gobierno §54954.21 CONSENT CALENDAR 1. TREASURER'S REPORT: DECEMBER 2011 Staff recommends that the Housing Authority receive and file the December 2011 Treasurer's Report. (Item #2 on the City Council Agenda and Item #1 on the f=inance Authority Agenda) 2. HOUSING AUTHORITY STATUS REPORT Staff recommends the Housing Authority receive and file the Housing Authority Status Report. PUBLIC HEARINGS ADJOURNMENT CERTIFICATION I, Alejandra Avila, City Clerk of the City of Baldwin Park hereby certify under penalty of perjury under the laws of the State of California, that the foregoing agenda was posted on the City Hall bulletin board not less than 72 hours prior to the meeting. Dated this 91h day of February, 2012. `- r. . Alejandra Avila City Clerk PLEASE NOTE. Copies of staff reports and supporting documentation pertaining to each item on this agenda are available for public viewing and inspection at City Hall, 2"d Floor Lobby Area or at the Los Angeles County Public Library in the City of Baldwin Park. For further information regarding agenda items, please contact the office of the City Clerk at (626) 960 -4011, Ext. 466 or via e-mail at Fsalcede @baldwinpark. corn. In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting please contact the Public Works Department or Risk Management at (626) 960 -4011. Notification 48 hours prior to the meeting will enable staff to make reasonable arrangements to ensure accessibility to this meeting. (28 CFR 34.102.104 ADA TITLE 11) HOUSING AUTHORITY AGENDA FEB 15 ITEM N0. Housing Authority Item #1 See Item #2 on the City Council Agenda 7i�/N CITY OF BALDWIN PARK STAFF F A, K, K TO: Honorable Chairman and Members of the Housing Board HOUSING AUTHORITY AGENDA FEB 15 FROM: Marc Castagnola, AICP, Community Development and Housing Manager DATE: February 15, 2012 SUBJECT: Housing Authority Status Report PURPOSE To provide a status report for the month of November regarding Housing Authority operations for Section 8 and Public Housing, CDBG, HOME, 20% Set Aside, Homeless Prevention Rapid Re- Housing Program (HPRP) and Neighborhood Stabilization Programs (NSP). BACKGROUND/DISCUSSION The Baldwin Park Housing Authority (BPHA) administers several housing programs funded through Federal and State resources. Highlights of the work items are summarized in the table below: Comm.unity Development Status Residential Rehabilitation One project from FY 10111 was completed. One 20% set -aside CDBG project for FY 11112 is underway. Lead Paint Testing (CDBG All properties participating in the City's rehabilitation programs and HOME) are tested for Lead Based Paint and are abated as needed. 3 properties have been tested this fiscal and did not require abatement. First Time Home Buyer One FTHB loan has been approved in FY 11112 with 20% Set (HOME) Aside funds. Moderate income loans are no longer available due to the elimination of set -aside funds. CDBG FY 12113 Public Public Service applications are currently under review and will be Service Annual Funding presented to the Joint Commission for recommendations. Commission recommendations will be presented to the City Council at their March 2, 2012. Housing and Economic The City acquired and rehabilitated 3 foreclosed properties. One Recovery Act of 2008 (HERA) property was sold and the homebuyers moved in November 11, Neighborhood Stabilization 2011. The remaining 2 are pending approved buyers. The sales Programs (NSP) of the properties will be in March issue of the NOW. American Recovery and As of January 31, 2012, the City has assisted 0 Baldwin Park Reinvestment Act of 2009 residents that were considered at risk homeless with rental (ARRA) Homeless Prevention assistance, relocation expenses and utilities. Rapid Re- Housing Program - HPRP HA Status Rpt December 14, 2011 Housing Authority (HA) — Status Housing Choice Voucher Program Section 8 and Public Housing . Total Units under Lease - As of January 31, 2012, the BPHA administered 583 units under contract. Of those, 89 are for tenants that are transferred from other agencies. HUD is encouraging our Agency to issue additional vouchers to increase the number of units leased to meet our 880 HUD allocation. However as noted in the cell below, the budget is not sufficient to increase the number of units leased at this time. Utilization Rate HUD requires that the HA expend no less than 98% of its Housing Assistance Payment Budget for units leased. As of January 31, 2012, the BPHA Utilization rate is 121 %. As required by HUD, amounts in excess of the monthly HUD allocation will be taken from the HAP reserves. Customer Service /Case Files 357 Customers were assisted at the front counter 6 New Contracts were processed 48 Annuals were completed in the month of January 16 Interims were processed 6 Counseling Sessions were provided to tenants regarding possible program violations 0 End of Participation was completed due to program violations Inspections The HA Inspectors conducted 79 Annual inspections, 7 Initial inspections for new contracts and 3 Special Inspection for ossible program violations. Monthly PIC Submittals HUD requires that all Annual re- examinations are completed and submitted to the PIH Inventory Management System on a monthly basis. Each month, the rating must be 95% or greater. The BPHA's PIC rating as of January 31, 2012 for Public Housing is 100% and for Section 8 is 98.24 %. Family Self Sufficiency There are a total of 13 FSS contracts executed and Intake Program assessments are being processed 20 additional households for eligibly. Public Housing — McNeil Bids were accepted for the McNeil Manor Roof Gutter and Manor Improvements Drainage Improvement project. This project was allocated $25,500 in CDBG funds through the FY 11112 Annual Action Plan.. Bids have been accepted and the total project cost was $11,367 and was completed on January 4, 2012. Recommendation Receive and File