California Comprehensive Annual Financial Report - City of Temecula

CITY OF TEMECULA
CHANGES IN NET ASSETS
Last Ten Fiscal Years
(accrual basis of accounting)
FISCAL YEAR
2003 (As
Restated) 2004 2005
2006 (As
Restated) 2007
2008 (As
Restated) 2009
Expenses:
Governmental Activities:
General Government $ 10,467,457 $ 10,533,697 $ 13,361,733 $ 16,652,124 $ 15,502,875 $ 18,335,093 $ 16,214,425
Public Safety 5,785,987 16,391,452 17,725,984 19,933,791 22,196,822 23,378,627 23,240,092
Community Development 21,229,997 19,357,162 19,739,726 27,957,309 32,389,210 28,440,339 21,846,282
Community Services
11,069,094 12,262,108 13,469,846 16,098,127 18,992,957 22,935,715 22,427,530
Public Works 16,623,171 14,634,619 14,303,321 16,702,789 20,666,677 20,335,862 20,006,739
Interest on Long Term Debt 1,828,551 1,843,768 1,826,142 1,813,290 2,311,241 3,604,580 4,620,424
Total Governmental Activities Expenses: $ 67,004,257 $ 75,022,806 $ 80,426,752 $ 99,157,430 $ 112,059,782 $ 117,030,216 $ 108,355,492
Program Revenues:
Governmental Activities:
Charges for Services:
General government $ 1,681,257 $ 2,411,945 $ 2,840,055 $ 2,831,657 $ 2,575,738
Public safety 253,043 303,710 845,850 1,014,065 2,127,918 $ 2,100,665 $ 1,924,106
Community development 4,438,334 33,160,653 10,109,318 11,771,908 9,336,514 7,050,214 7,248,403
Community services 10,791,994 11,672,820 13,138,194 16,018,995 18,462,235 20,758,900 19,805,723
Public works 1,508,373 1,422,133 1,476,936 1,676,651 1,784,676 1,836,289 1,625,756
Operating Contributions and Grants
Capital Contributions and Grants
Total Governmental Activities
Program Revenues:
8,112,599 3,425,519 3,792,646 4,829,167 4,923,439 5,398,302 8,703,467
6,034,169 7,047,230 38,637,559 94,276,189 60,765,351 29,989,183 13,703,226
$ 32,819,769 $ 59,444,010 $ 70,840,558 $132,418,632 $ 99,975,871 $ 67,133,553 $ 53,010,681
Net Revenues (Expenses): $ (34,184,488) $ (15,578,796) $ (9,586,194) $ 33,261,202 $ (12,083,911) $ (49,896,663) $ (55,344,811)
General Revenues and Other Changes in Net Assets:
Governmental Activities:
Taxes:
Property Taxes $ 13,638,626 $ 14,957,314 $ 16,522,177 $ 25,715,762 $ 28,149,257 $ 32,117,022 $ 33,310,255
Sales Taxes 21,572,199 25,392,314 27,802,830 31,788,183 30,069,312 27,185,873 23,087,328
Other Taxes 15,736,806 24,822,653 11,515,934 7,693,365 8,090,565 7,608,109 6,972,165
Use of Money and Property 876,967 275,588 1,575,590 2,040,463 4,197,019 3,547,717 3,055,857
Other 1,506,052 1,626,860 1,175,006 199,577 833,847 345,941 284,584
Transfers - - - - - - -
Total Governmental Activities: $ 53,330,650 $ 67,074,729 $ 58,591,537 $ 67,437,350 $ 71,340,000 $ 70,804,662 $ 66,710,189
Change in Net Assets: $ 19,146,162 $ 51,495,933 $ 49,005,343 $ 100,698,552 $ 59,256,089 $ 20,907,999 $ 11,365,378
The City of Temecula implemented GASB 34 for the fiscal year ended June 30, 2003. Information prior to the implementation of GASB 34 is not available.
Source: City of Temecula Finance Department
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