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HomeMy WebLinkAboutITEM 10 CAFR PRESENTATION - 1.15.191 Ci t y o f T u s t i n , C o m p r e h e n s i v e A n n u a l F i n a n c i a l Re p o r t f o r t h e Y e a r E n d e d J u n e 3 0 , 2 0 1 8 C o n t i n u e d :  Wh y d o w e n e e d a C o m p r e h e n s i v e An n u a l F i n a n c i a l R e p o r t ( C A F R ) ?  Go v e r n m e n t a l A c c o u n t i n g S t a n d a r d s Bo a r d ( G A S B ) c r e a t e s t h e a c c o u n t i n g ru l e s f o r p r e p a r i n g t h e C A F R .  C A F R p r o v i d e s a p i c t u r e o f t h e C i t y ’ s as s e t s a n d l i a b i l i t i e s a s o f t h e e n d o f t h e Fi s c a l Y e a r . 2 1. In t r o d u c t o r y 2. Fi n a n c i a l 3. St a t i s t i c a l Ci t y o f T u s t i n , C o m p r e h e n s i v e A n n u a l F i n a n c i a l Re p o r t f o r t h e Y e a r E n d e d J u n e 3 0 , 2 0 1 8 C o n t i n u e d : 3 Ci t y o f T u s t i n , C o m p r e h e n s i v e A n n u a l F i n a n c i a l Re p o r t f o r t h e Y e a r E n d e d J u n e 3 0 , 2 0 1 8 C o n t i n u e d : $ 5 5 0 , 0 0 0 , 0 0 0 $ 6 0 0 , 0 0 0 , 0 0 0 $ 6 5 0 , 0 0 0 , 0 0 0 $ 7 0 0 , 0 0 0 , 0 0 0 $ 7 5 0 , 0 0 0 , 0 0 0 $ 8 0 0 , 0 0 0 , 0 0 0 20 1 0 2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 Ne t P o s i t i o n 4 As s e t s – L i a b i l i t i e s = N e t P o s i t i o n Ci t y o f T u s t i n , C o m p r e h e n s i v e A n n u a l F i n a n c i a l Re p o r t f o r t h e Y e a r E n d e d J u n e 3 0 , 2 0 1 8 C o n t i n u e d : $ - $ 5 0 , 0 0 0 , 0 0 0 $ 1 0 0 , 0 0 0 , 0 0 0 $ 1 5 0 , 0 0 0 , 0 0 0 $ 2 0 0 , 0 0 0 , 0 0 0 $ 2 5 0 , 0 0 0 , 0 0 0 20 1 0 2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 Ge n e r a l F u n d B a l a n c e No n s p e n d a b l e Re s t r i c t e d Co m m i t t e d As s i g n e d Un a s s i g n e d 5 La n d S p e n d a b l e / C a s h Tr u s t F u n d Ci t y o f T u s t i n , C o m p r e h e n s i v e A n n u a l F i n a n c i a l Re p o r t f o r t h e Y e a r E n d e d J u n e 3 0 , 2 0 1 8 C o n t i n u e d : $ ( 2 0 , 0 0 0 , 0 0 0 ) $ - $ 2 0 , 0 0 0 , 0 0 0 $ 4 0 , 0 0 0 , 0 0 0 $ 6 0 , 0 0 0 , 0 0 0 $ 8 0 , 0 0 0 , 0 0 0 $ 1 0 0 , 0 0 0 , 0 0 0 $ 1 2 0 , 0 0 0 , 0 0 0 20 1 0 2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 Au d i t e d F u n d B a l a n c e (U n a s s i g n e d ) 18 5 I n f o r m a t i o n T e c h n o l o g y 18 4 E q u i p m e n t R e p l a c e m e n t F u n d 18 3 U n e m p l o y m e n t 18 2 L i a b i l i t y 18 1 W o r k e r s C o m p e n s a t i o n 14 2 T u s t i n S L 14 1 T u s t i n L L D 12 9 C a b l e P E G F e e s F u n d 12 0 C D B G 18 9 L a n d H e l d f o r R e s a l e 18 6 O b l g R e i m b F r m S u c c e s s o r A g n c y 10 1 G e n e r a l F u n d - E m e r g e n c y F u n d 10 0 G e n e r a l F u n d 6 Ci t y o f T u s t i n , C o m p r e h e n s i v e A n n u a l F i n a n c i a l Re p o r t f o r t h e Y e a r E n d e d J u n e 3 0 , 2 0 1 8 C o n t i n u e d : 7 Ci t y o f T u s t i n , C o m p r e h e n s i v e A n n u a l F i n a n c i a l Re p o r t f o r t h e Y e a r E n d e d J u n e 3 0 , 2 0 1 8 C o n t i n u e d : Pr o p e r t y T a x e s 27 . 1 8 % Fr a n c h i s e Ta x e s 1. 8 9 % Tr a n s i e n t Oc c u p a n c y Ta x e s 1. 6 7 % Bu s i n e s s L i c e n s e 0. 4 6 % Sa l e s T a x e s 26 . 4 3 % Mo t o r V e h i c l e Ta x e s 0. 0 5 % Ea r n i n g s o n in v e s t m e n t 1. 3 4 % Ga i n o n s a l e o f la n d h e l d f o r re s a l e 35 . 6 7 % Pr o f i t pa r t i c i p a t i o n 0. 0 0 % Mi s c e l l a n e o u s 5. 3 2 % 20 1 8 G e n e r a l R e v e n u e Property Taxes 21.32%Franchise Taxes 1.69%Transient Occupancy Taxes 1.40%Business License 0.37%Sales Taxes 21.93%Motor Vehicle Taxes 0.03% Ea r n i n g s o n in v e s t m e n t 0. 6 3 % Ga i n o n s a l e of l a n d h e l d fo r r e s a l e 21 . 1 5 % Pr o f i t pa r t i c i p a t i o n 27 . 3 3 % Mi s c e l l a n e o u s 4. 1 4 % 20 1 7 G e n e r a l R e v e n u e 8 Ci t y o f T u s t i n , C o m p r e h e n s i v e A n n u a l F i n a n c i a l Re p o r t f o r t h e Y e a r E n d e d J u n e 3 0 , 2 0 1 7 C o n t i n u e d : 9