CITY OF ALHAMBRA CALIFORNIA - GFOA.NET

180 Pages·2005·1.96 MB·English

CITY OF ALHAMBRA
CCAALLIIFFOORRNNIIAA

COMPREHENSIVE ANNUAL
FINANCIAL REPORT
FOR THE YEAR ENDED JUNE 30, 2012
On the Cover:

Howard Street Townhomes

Residential affordable townhome project at 534 West Howard Street to
accommodate six low-income and two moderate-income households. The
townhomes will be sold through the City’s first-time homebuyer program.
CITY OF ALHAMBRA,

CALIFORNIA

Comprehensive Annual Financial Report

Year ended June 30, 2012

(With Independent Auditors’ Report Thereon)

Prepared by:

Paul Espinoza, Director of Finance
and Staff

CITY OF ALHAMBRA
Comprehensive Annual Financial Report
Table of Contents
Page
Introductory Section:

Letter of Transmittal iv
Officials of the City of Alhambra ix
Organizational Chart x
GFOA Certificate of Achievement for Excellence in Financial Reporting xi

Financial Section:

Independent Auditors’ Report 1
Management’s Discussion and Analysis 3

Basic Financial Statements:
Government-Wide Financial Statements:
Statement of Net Assets 15
Statement of Activities 16
Fund Financial Statements:
Balance Sheet – Governmental Funds 17
Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental
Funds 19
Statement of Revenues, Expenditures, and Changes in Fund Balances – Budget and
Actual:
General Fund 21
Community Development Block Grant Special Revenue Fund 24
Home and Rental Rehabilitation Grant Special Revenue Fund 25
Statement of Net Assets – Proprietary Funds 26
Statement of Revenues, Expenses, and Changes in Fund Net Assets – Proprietary
Funds 27
Statement of Cash Flows – Proprietary Funds 28
Statement of Fiduciary Net Assets 30
Notes to the Basic Financial Statements 32
Required Supplementary Information (Unaudited):
Schedule of Funding Progress of the City’s Defined Benefit Pension Plan 82
Schedule of Funding Progress of the City’s Health Subsidy Pension Plan 83
Schedule of Funding Progress of the City’s Other Post-Employment Benefit Plans 83

i
CITY OF ALHAMBRA
Table of Contents, Continued
Page
Combining and Individual Fund Statements and Schedules:

Other Governmental Funds:

Combining Balance Sheet – Other Governmental Funds 84
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances –
Other Governmental Funds 85

Combining Balance Sheet – Other Special Revenue Funds 86
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances
(Deficits) – Other Special Revenue Funds 88
Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and
Actual – Other Special Revenue Funds:
Law Enforcement Fund 90
TDA Bikeway Fund 91
State Gas Tax Fund 92
Proposition A – Transportation Fund 93
Proposition C – Transportation Fund 94
Measure R Fund 95
Air Quality Fund 96
Lighting and Landscape Maintenance Fund 97
Police Facility Assessment Fund 98
Asset Forfeiture Fund 99
Transportation Capital Improvements Fund 100
Alhambra Redevelopment Agency Low- and Moderate-Income Housing Fund 101

Combining Balance Sheet – Other Debt Service Funds 102
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances –
Other Debt Service Funds 103
Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and
Actual – Other Debt Service Funds:
Community Improvement Fund 104
Lighting and Sidewalk Construction Fund 105
Police Facility Fund 106
Alhambra Redevelopment Agency Tax Allocation Bond Fund 107

ii
CITY OF ALHAMBRA
Table of Contents, Continued
Page

Combining Balance Sheet – Other Capital Projects Funds 108
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances –
Other Capital Projects Funds 109
Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and
Actual – Other Capital Projects Funds:
Capital Outlay Fund 110
Alhambra Redevelopment Agency Central Projects Fund 111
Alhambra Redevelopment Agency Industrial Projects Fund 112

Internal Service Funds:
Combining Statement of Net Assets (Deficits) – Internal Service Funds 113
Combining Statement of Revenues, Expenses, and Changes in Net Assets (Deficits) –
Internal Service Funds 114
Combining Statement of Cash Flows – Internal Service Funds 115

Statistical Section (Not Covered by Independent Auditors’ Report)

Net Assets by Component - Last Nine Fiscal Years 117
Changes in Net Assets - Last Nine Fiscal Years 118
Fund Balances of Governmental Funds - Last Nine Fiscal Years 120
Changes in Fund Balances of Governmental Funds - Last Nine Fiscal Years 121
Assessed Value and Estimated Actual Value of Taxable Property - Last Ten Fiscal Years 122
Direct and Overlapping Property Tax Rates - Current Year and Nine Years Ago 123
Principal Property Tax Payers - Current Year and Nine Years Ago 124
Property Tax Levies and Collections - Last Ten Fiscal Years 125
Ratios of Outstanding Debt by Type - Last Ten Fiscal Years 126
Ratios of General Bonded Debt Outstanding - Last Ten Fiscal Years 127
Direct and Overlapping Debt 128
Legal Debt Margin Information - Last Ten Fiscal Years 130
Pledged Revenue Coverage - Last Ten Fiscal Years 131
Demographic and Economic Statistics 132
Principal Employers - Current Year and Nine Years Ago 133
Full-time Equivalent City Government Employees by Function/Program - Last Ten Fiscal Years 134
Operating Indicators by Function - Last Ten Fiscal Years 135
Capital Asset Statistics by Function - Last Ten Fiscal Years 136
iii

Introductory Section