La Quinta City Council
August 6, 2024

Exhibit A
Scope of Services
Roof replacement and roof repair services, including but not limited to roof maintenance, repair and roof replacement services on an on-call, as-needed basis. The services and tasks to be performed include the furnishing of all labor, materials, tools, equipment, supplies, tasks, and incidental and customary work necessary to competently perform roofing services and roof repair work at various City facilities, projects, and locations.

Consultant shall provide all labor and additional materials to install new roofing systems including but not limited to:
• Inspect and identify a variety of roof systems at a variety of facilities (TPO, tile, mineral surface, spray foam)
• Replace, repair, and resurface of a variety of roof systems (TPO, tile, flat roof, spray foam, and mineral surface)
• Replacement of missing roof elements
• Remove roof tile systems, replace roof underlayment, and reinstall roof tiles • Inspect roof deck and replace plywood as needed
• Replace all damaged or broken roof tiles with approved color and type • Inspect flat roof systems and replace with approved system where applicable • All drains that are to remain must be cleaned, inspected and water tested by roofing contractor before reroofing begins.
• Inspect and replace any plastic, damaged or missing drain and overflow covers with new approved covers
• Other typical and common miscellaneous roofing repairs and work • The work should include all preparation, replacement and repairs unless otherwise stated by the City
• All replacement materials to be used will be approved by the Facilities Superintendent • All work shall be to applicable codes and to the satisfaction of the City 165 CLICK HERE to Return to Agenda
Exhibit A

ADDENDUM TO AGREEMENT
Re: Scope of Services
If the Scope of Services include construction, alteration, demolition, installation, repair, or maintenance affecting real property or structures or improvements of any kind appurtenant to real property, the following apply:

1. Prevailing Wage Compliance. If Contracting Party is a contractor performing public works and maintenance projects, as described in this Section 1.3, Contracting Party shall comply with applicable Federal, State, and local laws. Contracting Party is aware of the requirements of California Labor Code Sections 1720, et seq., and 1770, et seq., as well as California Code of Regulations, Title 8, Sections 16000, et seq., (collectively, the “Prevailing Wage Laws”), and La Quinta Municipal Code Section 3.12.040, which require the payment of prevailing wage rates and the performance of other requirements on “Public works” and “Maintenance” projects. If the Services are being performed as part of an applicable “Public works” or “Maintenance” project, as defined by the Prevailing Wage Laws, and if construction work over twentyfive thousand dollars ($25,000.00) and/or alterations, demolition, repair or maintenance work over fifteen thousand dollars ($15,000.00) is entered into or extended on or after January 1, 2015 by this Agreement, Contracting Party agrees to fully comply with such Prevailing Wage Laws including, but not limited to, requirements related to the maintenance of payroll records and the employment of apprentices. Pursuant to California Labor Code Section 1725.5, no contractor or subcontractor may be awarded a contract for public work on a “Public works” project unless registered with the California Department of Industrial Relations (“DIR”) at the time the contract is awarded. If the Services are being performed as part of an applicable “Public works” or “Maintenance” project, as defined by the Prevailing Wage Laws, this project is subject to compliance monitoring and enforcement by the DIR. Contracting Party will maintain and will require all subcontractors to maintain valid and current DIR Public Works contractor registration during the term of this Agreement. Contracting Party shall notify City in writing immediately, and in no case more than twenty-four (24) hours, after receiving any information that Contracting Party’s or any of its subcontractor’s DIR registration status has been suspended, revoked, expired, or otherwise changed. It is understood that it is the responsibility of Contracting Party to determine the correct salary scale. Contracting Party shall make copies of the prevailing rates of per diem wages for each craft, classification, or type of worker needed to execute the Services available to interested parties upon request, and shall post copies at Contracting Party’s principal place of business and at the project site, if any. The statutory penalties for failure to pay prevailing wage or to comply with State wage and hour laws will be enforced. Contracting Party must forfeit to City TWENTY-FIVE DOLLARS ($25.00) per day for each worker who works in excess of the minimum working hours when Contracting Party does not pay overtime. In accordance with the provisions of Labor Code Sections 1810 et seq., eight (8) hours is the legal working day. Contracting Party also shall comply with State law requirements to maintain payroll records and shall provide for certified records and inspection of records as required by California Labor Code Section 1770 et seq., including Section 1776. In addition to the other indemnities provided under this Agreement, Contracting Party shall defend (with counsel selected by City), indemnify, and hold City, 166 CLICK HERE to Return to Agenda
Exhibit A

its elected officials, officers, employees, and agents free and harmless from any claim or liability arising out of any failure or alleged failure to comply with the Prevailing Wage Laws. It is agreed by the parties that, in connection with performance of the Services, including, without limitation, any and all “Public works” (as defined by the Prevailing Wage Laws), Contracting Party shall bear all risks of payment or non-payment of prevailing wages under California law and/or the implementation of Labor Code Section 1781, as the same may be amended from time to time, and/or any other similar law. Contracting Party acknowledges and agrees that it shall be independently responsible for reviewing the applicable laws and regulations and effectuating compliance with such laws.

Contracting Party shall require the same of all subcontractors.

2. Retention. Payments shall be made in accordance with the provisions of Article 2.0 of the Agreement. In accordance with said Sections, City shall pay Contracting Party a sum based upon ninety-five percent (95%) of the Contract Sum apportionment of the labor and materials incorporated into the Services under this Agreement during the month covered by said invoice. The remaining five percent (5%) thereof shall be retained as performance security to be paid to Contracting Party within sixty (60) days after final acceptance of the Services by the City Council of City, after Contracting Party has furnished City with a full release of all undisputed payments under this Agreement, if required by City. In the event there are any claims specifically excluded by Contracting Party from the operation of the release, City may retain proceeds (per Public Contract Code § 7107) of up to one hundred fifty percent (150%) of the amount in dispute. City’s failure to deduct or withhold shall not affect Contracting Party’s obligations under the Agreement.

3. Utility Relocation. City is responsible for removal, relocation, or protection of existing main or trunk-line utilities to the extent such utilities were not identified in the invitation for bids or specifications. City shall reimburse Contracting Party for any costs incurred in locating, repairing damage not caused by Contracting Party, and removing or relocating such unidentified utility facilities. Contracting Party shall not be assessed liquidated damages for delay arising from the removal or relocation of such unidentified utility facilities.

4. Trenches or Excavations. Pursuant to California Public Contract Code Section 7104, in the event the work included in this Agreement requires excavations more than four (4) feet in depth, the following shall apply:
(a) Contracting Party shall promptly, and before the following conditions are disturbed, notify City, in writing, of any: (1) material that Contracting Party believes may be material that is hazardous waste, as defined in Section 25117 of the Health and Safety Code, that is required to be removed to a Class I, Class II, or Class III disposal site in accordance with provisions of existing law; (2) subsurface or latent physical conditions at the site different from those indicated by information about the site made available to bidders prior to the deadline for submitting bids; or (3) unknown physical conditions at the site of any unusual nature, different materially from those ordinarily encountered and generally recognized as inherent in work of the character provided for in the Agreement. 167 CLICK HERE to Return to Agenda
Exhibit A

(b) City shall promptly investigate the conditions, and if it finds that the conditions do materially so differ, or do involve hazardous waste, and cause a decrease or increase in Contracting Party’s cost of, or the time required for, performance of any part of the work shall issue a change order per Section 1.8 of the Agreement. (c) in the event that a dispute arises between City and Contracting Party whether the conditions materially differ, or involve hazardous waste, or cause a decrease or increase in Contracting Party’s cost of, or time required for, performance of any part of the work, Contracting Party shall not be excused from any scheduled completion date provided for by this Agreement, but shall proceed with all work to be performed under this Agreement. Contracting Party shall retain any and all rights provided either by contract or by law which pertain to the resolution of disputes and protests between the contracting Parties.

5. Safety. Contracting Party shall execute and maintain its work so as to avoid injury or damage to any person or property. In carrying out the Services, Contracting Party shall at all times be in compliance with all applicable local, state, and federal laws, rules and regulations, and shall exercise all necessary precautions for the safety of employees appropriate to the nature of the work and the conditions under which the work is to be performed. Safety precautions as applicable shall include, but shall not be limited to: (A) adequate life protection and lifesaving equipment and procedures; (B) instructions in accident prevention for all employees and subcontractors, such as safe walkways, scaffolds, fall protection ladders, bridges, gang planks, confined space procedures, trenching and shoring, equipment and other safety devices, equipment and wearing apparel as are necessary or lawfully required to prevent accidents or injuries; and (C) adequate facilities for the proper inspection and maintenance of all safety measures.

6. Liquidated Damages. Since the determination of actual damages for any delay in performance of the Agreement would be extremely difficult or impractical to determine in the event of a breach of this Agreement, Contracting Party shall be liable for and shall pay to City the sum of One Thousand dollars ($1,000.00) as liquidated damages for each working day of delay in the performance of any of the Services required hereunder, as specified in the Schedule of Performance. In addition, liquidated damages may be assessed for failure to comply with the emergency call out requirements, if any, described in the Scope of Services. City may withhold from any moneys payable on account of the Services performed by Contracting Party any accrued liquidated damages. 168 CLICK HERE to Return to Agenda
Exhibit B

Exhibit B
Schedule of Compensation
With the exception of compensation for Additional Services, provided for in Section 2.3 of this Agreement, the maximum total compensation to be paid to Contracting Party under this Agreement is not to exceed One Hundred Thousand Dollars ($ 100,000.00) per year for the life of the agreement, encompassing the Initial and any Extended Terms (“Contract Sum”). The Contract Sum shall be paid to Contracting Party in installment payments made on a monthly basis and in an amount identified in Contracting Party’s schedule of compensation attached hereto for the work tasks performed and properly invoiced by Contracting Party in conformance with Section 2.2 of this Agreement.

Initial Term:
“Not to exceed” Year 1: $100,000.00
“Not to exceed” Year 2: $100,000.00
“Not to exceed” Year 3: $100,000.00
Possible Extended Term:
“Not to exceed” Year 4: $100,000.00
“Not to exceed” Year 5: $100,000.00
169 CLICK HERE to Return to Agenda
Exhibit C

Exhibit C
Schedule of Performance
Contracting Party shall complete all services identified in the Scope of Services, Exhibit A of this Agreement, as requested by City within the time allowed by the total contract sum.
170 CLICK HERE to Return to Agenda
Exhibit D

Exhibit D
Special Requirements
None
171 CLICK HERE to Return to Agenda
Exhibit E

Exhibit E
Insurance Requirements
E.1 Insurance. Prior to the beginning of and throughout the duration of this Agreement, the following policies shall be maintained and kept in full force and effect providing insurance with minimum limits as indicated below and issued by insurers with A.M. Best ratings of no less than A-VI:

Commercial General Liability (at least as broad as ISO CG 0001) $1,000,000 (per occurrence)
$2,000,000 (general aggregate)
Must include the following endorsements:

General Liability Additional Insured
General Liability Primary and Non-contributory
Commercial Auto Liability (at least as broad as ISO CA 0001) $1,000,000 (per accident)
Auto Liability Additional Insured
Personal Auto Declaration Page if applicable
Workers’ Compensation
(per statutory requirements)
Must include the following endorsements:

Workers Compensation with Waiver of Subrogation
Workers Compensation Declaration of Sole Proprietor if applicable Contracting Party shall procure and maintain, at its cost, and submit concurrently with its execution of this Agreement, Commercial General Liability insurance against all claims for injuries against persons or damages to property resulting from Contracting Party’s acts or omissions rising out of or related to Contracting Party’s performance under this Agreement. The insurance policy shall contain a severability of interest clause providing that the coverage shall be primary for losses arising out of Contracting Party’s performance hereunder and neither City nor its insurers shall be required to contribute to any such loss. An endorsement evidencing the foregoing and naming the City and its officers and employees as additional insured (on the Commercial General Liability policy only) must be submitted concurrently with the execution of this Agreement and approved by City prior to commencement of the services hereunder.

Contracting Party shall carry automobile liability insurance of $1,000,000 per accident against all claims for injuries against persons or damages to property arising out of the use of any automobile by Contracting Party, its officers, any person directly or indirectly employed by Contracting Party, any subcontractor or agent, or anyone for whose acts any of them may be liable, arising directly or indirectly out of or related to Contracting Party’s performance under this Agreement. If Contracting Party or Contracting Party’s employees will use personal autos in any way on this project, Contracting Party shall provide evidence of personal auto liability coverage for each such 172 CLICK HERE to Return to Agenda
Exhibit E

person. The term “automobile” includes, but is not limited to, a land motor vehicle, trailer or semi-trailer designed for travel on public roads. The automobile insurance policy shall contain a severability of interest clause providing that coverage shall be primary for losses arising out of Contracting Party’s performance hereunder and neither City nor its insurers shall be required to contribute to such loss.

Contracting Party shall carry Workers’ Compensation Insurance in accordance with State Worker’s Compensation laws with employer’s liability limits no less than $1,000,000 per accident or disease.

If coverage is maintained on a claims-made basis, Contracting Party shall maintain such coverage for an additional period of three (3) years following termination of the contract.

Contracting Party shall provide written notice to City within ten (10) working days if: (1) any of the required insurance policies is terminated; (2) the limits of any of the required polices are reduced; or (3) the deductible or self-insured retention is increased.

In the event any of said policies of insurance are cancelled, Contracting Party shall, prior to the cancellation date, submit new evidence of insurance in conformance with this Exhibit to the Contract Officer. The procuring of such insurance or the delivery of policies or certificates evidencing the same shall not be construed as a limitation of Contracting Party’s obligation to indemnify City, its officers, employees, contractors, subcontractors, or agents.

E.2 Remedies. In addition to any other remedies City may have if Contracting Party fails to provide or maintain any insurance policies or policy endorsements to the extent and within the time herein required, City may, at its sole option:
a. Obtain such insurance and deduct and retain the amount of the premiums for such insurance from any sums due under this Agreement. b. Order Contracting Party to stop work under this Agreement and/or withhold any payment(s) which become due to Contracting Party hereunder until Contracting Party demonstrates compliance with the requirements hereof. c. Terminate this Agreement.

Exercise any of the above remedies, however, is an alternative to any other remedies City may have. The above remedies are not the exclusive remedies for Contracting Party’s failure to maintain or secure appropriate policies or endorsements.

Nothing herein contained shall be construed as limiting in any way the extent to which Contracting Party may be held responsible for payments of damages to persons or property resulting from Contracting Party’s or its subcontractors’ performance of work under this Agreement.
173 CLICK HERE to Return to Agenda
Exhibit E

E.3 General Conditions Pertaining to Provisions of Insurance Coverage by Contracting Party. Contracting Party and City agree to the following with respect to insurance provided by Contracting Party:

1. Contracting Party agrees to have its insurer endorse the third party general liability coverage required herein to include as additional insureds City, its officials, employees, and agents, using standard ISO endorsement No. CG 2010 with an edition prior to 1992. Contracting Party also agrees to require all contractors, and subcontractors to do likewise.

2. No liability insurance coverage provided to comply with this Agreement shall prohibit Contracting Party, or Contracting Party’s employees, or agents, from waiving the right of subrogation prior to a loss. Contracting Party agrees to waive subrogation rights against City regardless of the applicability of any insurance proceeds, and to require all contractors and subcontractors to do likewise.

3. All insurance coverage and limits provided by Contracting Party and available or applicable to this Agreement are intended to apply to the full extent of the policies. Nothing contained in this Agreement or any other agreement relating to City or its operations limits the application of such insurance coverage.

4. None of the coverages required herein will be in compliance with these requirements if they include any limiting endorsement of any kind that has not been first submitted to City and approved of in writing.

5. No liability policy shall contain any provision or definition that would serve to eliminate so-called “third party action over” claims, including any exclusion for bodily injury to an employee of the insured or of any contractor or subcontractor.

6. All coverage types and limits required are subject to approval, modification and additional requirements by the City, as the need arises. Contracting Party shall not make any reductions in scope of coverage (e.g. elimination of contractual liability or reduction of discovery period) that may affect City’s protection without City’s prior written consent.

7. Proof of compliance with these insurance requirements, consisting of certificates of insurance evidencing all the coverages required and an additional insured endorsement to Contracting Party’s general liability policy, shall be delivered to City at or prior to the execution of this Agreement. In the event such proof of any insurance is not delivered as required, or in the event such insurance is canceled at any time and no replacement coverage is provided, City has the right, but not the duty, to obtain any insurance it deems necessary to protect its interests under this or any other agreement and to pay the premium. Any premium so paid by City shall be charged to and promptly paid by Contracting Party or deducted from sums due Contracting Party, at City option.

8. It is acknowledged by the parties of this agreement that all insurance coverage required to be provided by Contracting Party or any subcontractor, is intended 174 CLICK HERE to Return to Agenda
Exhibit E

to apply first and on a primary, non-contributing basis in relation to any other insurance or self-insurance available to City.

9. Contracting Party agrees to ensure that subcontractors, and any other party involved with the project that is brought onto or involved in the project by Contracting Party, provide the same minimum insurance coverage required of Contracting Party.

Contracting Party agrees to monitor and review all such coverage and assumes all responsibility for ensuring that such coverage is provided in conformity with the requirements of this section. Contracting Party agrees that upon request, all agreements with subcontractors and others engaged in the project will be submitted to City for review.

10. Contracting Party agrees not to self-insure or to use any self-insured retentions or deductibles on any portion of the insurance required herein (with the exception of professional liability coverage, if required) and further agrees that it will not allow any contractor, subcontractor, Architect, Engineer or other entity or person in any way involved in the performance of work on the project contemplated by this agreement to self-insure its obligations to City. If Contracting Party’s existing coverage includes a deductible or self-insured retention, the deductible or self-insured retention must be declared to the City. At that time the City shall review options with the Contracting Party, which may include reduction or elimination of the deductible or self-insured retention, substitution of other coverage, or other solutions.

11. The City reserves the right at any time during the term of this Agreement to change the amounts and types of insurance required by giving the Contracting Party ninety (90) days advance written notice of such change. If such change results in substantial additional cost to the Contracting Party, the City will negotiate additional compensation proportional to the increased benefit to City.

12. For purposes of applying insurance coverage only, this Agreement will be deemed to have been executed immediately upon any party hereto taking any steps that can be deemed to be in furtherance of or towards performance of this Agreement.

13. Contracting Party acknowledges and agrees that any actual or alleged failure on the part of City to inform Contracting Party of non-compliance with any insurance requirement in no way imposes any additional obligations on City nor does it waive any rights hereunder in this or any other regard.

14. Contracting Party will renew the required coverage annually as long as City, or its employees or agents face an exposure from operations of any type pursuant to this agreement. This obligation applies whether the agreement is canceled or terminated for any reason. Termination of this obligation is not effective until City executes a written statement to that effect.

15. Contracting Party shall provide proof that policies of insurance required herein expiring during the term of this Agreement have been renewed or replaced with other policies providing at least the same coverage. Proof that such coverage has been ordered shall be submitted prior to expiration. A coverage binder or letter from 175 CLICK HERE to Return to Agenda
Exhibit E

Contracting Party’s insurance agent to this effect is acceptable. A certificate of insurance and an additional insured endorsement is required in these specifications applicable to the renewing or new coverage must be provided to City within five (5) days of the expiration of coverages.

16. The provisions of any workers’ compensation or similar act will not limit the obligations of Contracting Party under this agreement. Contracting Party expressly agrees not to use any statutory immunity defenses under such laws with respect to City, its employees, officials, and agents.

17. Requirements of specific coverage features, or limits contained in this section are not intended as limitations on coverage, limits or other requirements nor as a waiver of any coverage normally provided by any given policy. Specific reference to a given coverage feature is for purposes of clarification only as it pertains to a given issue and is not intended by any party or insured to be limiting or all-inclusive.

18. These insurance requirements are intended to be separate and distinct from any other provision in this Agreement and are intended by the parties here to be interpreted as such.

19. The requirements in this Exhibit supersede all other sections and provisions of this Agreement to the extent that any other section or provision conflicts with or impairs the provisions of this Exhibit.

20. Contracting Party agrees to be responsible for ensuring that no contract used by any party involved in any way with the project reserves the right to charge City or Contracting Party for the cost of additional insurance coverage required by this agreement. Any such provisions are to be deleted with reference to City. It is not the intent of City to reimburse any third party for the cost of complying with these requirements. There shall be no recourse against City for payment of premiums or other amounts with respect thereto.

21. Contracting Party agrees to provide immediate notice to City of any claim or loss against Contracting Party arising out of the work performed under this agreement.

City assumes no obligation or liability by such notice, but has the right (but not the duty) to monitor the handling of any such claim or claims if they are likely to involve City. 176 CLICK HERE to Return to Agenda
Exhibit F

Exhibit F
Indemnification
F.1 Indemnity for the Benefit of City.
a. Indemnification for Professional Liability. When the law establishes a professional standard of care for Contracting Party’s Services, to the fullest extent permitted by law, Contracting Party shall indemnify, protect, defend (with counsel selected by City), and hold harmless City and any and all of its officials, employees, and agents (“Indemnified Parties”) from and against any and all claims, losses, liabilities of every kind, nature, and description, damages, injury (including, without limitation, injury to or death of an employee of Contracting Party or of any subcontractor), costs and expenses of any kind, whether actual, alleged or threatened, including, without limitation, incidental and consequential damages, court costs, attorneys’ fees, litigation expenses, and fees of expert consultants or expert witnesses incurred in connection therewith and costs of investigation, to the extent same are caused in whole or in part by any negligent or wrongful act, error or omission of Contracting Party, its officers, agents, employees or subcontractors (or any entity or individual that Contracting Party shall bear the legal liability thereof) in the performance of professional services under this agreement. With respect to the design of public improvements, the Contracting Party shall not be liable for any injuries or property damage resulting from the reuse of the design at a location other than that specified in Exhibit A without the written consent of the Contracting Party. b. Indemnification for Other Than Professional Liability. Other than in the performance of professional services and to the full extent permitted by law, Contracting Party shall indemnify, defend (with counsel selected by City), and hold harmless the Indemnified Parties from and against any liability (including liability for claims, suits, actions, arbitration proceedings, administrative proceedings, regulatory proceedings, losses, expenses or costs of any kind, whether actual, alleged or threatened, including, without limitation, incidental and consequential damages, court costs, attorneys’ fees, litigation expenses, and fees of expert consultants or expert witnesses) incurred in connection therewith and costs of investigation, where the same arise out of, are a consequence of, or are in any way attributable to, in whole or in part, the performance of this Agreement by Contracting Party or by any individual or entity for which Contracting Party is legally liable, including but not limited to officers, agents, employees, or subcontractors of Contracting Party.
c. Indemnity Provisions for Contracts Related to Construction (Limitation on Indemnity). Without affecting the rights of City under any provision of this agreement, Contracting Party shall not be required to indemnify and hold harmless City for liability attributable to the active negligence of City, provided such active negligence is determined by agreement between the parties or by the findings of a court of competent jurisdiction. In instances where City is shown to have been actively negligent and where City’s active negligence accounts for only a percentage of the liability involved, the obligation of Contracting Party will be for that entire portion or percentage of liability not attributable to the active negligence of City.
177 CLICK HERE to Return to Agenda
Exhibit F

d. Indemnification Provision for Design Professionals.

1. Applicability of this Section F.1(d). Notwithstanding Section F.1(a) hereinabove, the following indemnification provision shall apply to a Contracting Party who constitutes a “design professional” as the term is defined in paragraph 3 below.

2. Scope of Indemnification. When the law establishes a professional standard of care for Contracting Party’s Services, to the fullest extent permitted by law, Contracting Party shall indemnify and hold harmless City and any and all of its officials, employees, and agents (“Indemnified Parties”) from and against any and all losses, liabilities of every kind, nature, and description, damages, injury (including, without limitation, injury to or death of an employee of Contracting Party or of any subcontractor), costs and expenses, including, without limitation, incidental and consequential damages, court costs, reimbursement of attorneys’ fees, litigation expenses, and fees of expert consultants or expert witnesses incurred in connection therewith and costs of investigation, to the extent same are caused by any negligent or wrongful act, error or omission of Contracting Party, its officers, agents, employees or subcontractors (or any entity or individual that Contracting Party shall bear the legal liability thereof) in the performance of professional services under this agreement. With respect to the design of public improvements, the Contracting Party shall not be liable for any injuries or property damage resulting from the reuse of the design at a location other than that specified in Exhibit A without the written consent of the Contracting Party.

3. Design Professional Defined. As used in this Section F.1(d), the term “design professional” shall be limited to licensed architects, registered professional engineers, licensed professional land surveyors and landscape architects, all as defined under current law, and as may be amended from time to time by Civil Code § 2782.8.

F.2 Obligation to Secure Indemnification Provisions. Contracting Party agrees to obtain executed indemnity agreements with provisions identical to those set forth herein this Exhibit F, as applicable to the Contracting Party, from each and every subcontractor or any other person or entity involved by, for, with or on behalf of Contracting Party in the performance of this Agreement. In the event Contracting Party fails to obtain such indemnity obligations from others as required herein, Contracting Party agrees to be fully responsible according to the terms of this Exhibit. Failure of City to monitor compliance with these requirements imposes no additional obligations on City and will in no way act as a waiver of any rights hereunder. This obligation to indemnify and defend City as set forth in this Agreement are binding on the successors, assigns or heirs of Contracting Party and shall survive the termination of this Agreement. 178 CLICK HERE to Return to Agenda
City of La Quinta
CITY COUNCIL MEETING: August 6, 2024

STAFF REPORT
AGENDA TITLE: APPROVE AMENDMENT NO. 1 TO AGREEMENT FOR CONTRACT SERVICES WITH BMO BANK, N.A. FOR BANKING AND MERCHANT SERVICES

RECOMMENDATION
Approve Amendment No. 1 to Agreement for Contract Services with BMO Bank, N.A. for Banking and Merchant Services; and authorize the City Manager to execute the Agreement.

EXECUTIVE SUMMARY
 The City contracts with BMO Bank, N.A. (BMO) for banking and merchant services.  Amendment No. 1 (Amendment 1), included as Attachment 1, proposes to extend the term of the agreement for five additional years through fiscal year (FY) 2028/29.

FISCAL IMPACT
Based on current service levels, the monthly banking fees are estimated to be $1,074 and are anticipated to be covered by a deposit balance earning a credit rate of 1.75%.

Prices are based on per-unit charges and are set for the five-year term of the contract (Exhibit B of Attachment 2). These prices have increased due to market pricing but have been offset by an increased earnings credit rate (ECR).

BACKGROUND/ANALYSIS
Following a request for proposals (RFP) in 2019, the City contracted with BMO (formerly Bank of the West) for banking and merchant services. The contract expired on June 4, 2024, and facilitates various financial transactions, including deposits, disbursements, merchant processing, and other essential banking services.

BMO has demonstrated high performance in the following areas:
 Service Reliability: Consistent and dependable banking operations without significant downtime.
 Security: Robust security measures to protect City funds and sensitive financial information.
 Cost Efficiency: Competitive pricing structure with minimal fees, resulting in cost savings for the City.
 Customer Service: Responsive and helpful support staff address City inquiries and issues promptly.

CONSENT CALENDAR ITEM NO. 9
179 CLICK HERE to Return to Agenda
BMO has consistently met or exceeded the service level agreements outlined in the contract. BMO has a robust online platform, and the City has added new services such as a Corporate Sweep Account, which has helped the City take advantage of short-term investment opportunities while maintaining sufficient liquidity for daily operations. Given the satisfactory performance of BMO, the cost-effective nature of the existing contract, and the benefits of continuity in service, staff recommends Council approve the proposed Amendment 1 extending the term for five years.

ALTERNATIVES
Staff does not recommend an alternative.

Prepared by: Claudia Martinez, Finance Director
Approved by: Jon McMillen, City Manager
Attachment: 1. Amendment No. 1 to Agreement for Contract Services 180 CLICK HERE to Return to Agenda
AMENDMENT NO. 1

TO AGREEMENT FOR CONTRACT SERVICES
WITH BMO BANK, N.A. (FORMERLY BANK OF THE WEST)
This Amendment No. 1 (“Amendment No. 1”) to Agreement for Contract Services ("Agreement”) is made and entered into as of the 5th day of June, 2024, ("Effective Date") by and between the CITY OF LA QUINTA ("City"), a California municipal corporation and BMO Bank, N.A. (“Consultant”).

RECITALS
WHEREAS, on or about June 4, 2019, the City and BMO Bank, N.A. (formerly Bank of the West) entered into an Agreement to provide services related to banking and merchant services. The term of the Agreement expires on June 4th, 2024 (“Initial Term”); and
WHEREAS, City and Contracting Party have mutually agreed to amend Section

3.4 Term of the Agreement to extend the term for five additional years from June 5, 2024 through June 5, 2029; and
WHEREAS, City and Contracting Party mutually agree to amend Section 2.1 - Contract Sum as detailed in Exhibit B of this Amendment No. 1.

NOW THEREFORE, in consideration of the mutual covenant herein contained, the parties agree as follows:

AMENDMENT
In consideration of the foregoing Recitals and the covenants and promises hereinafter contained, and for good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto agree as follows:

1. Section 2.1 Contract Sum – shall be amended as detailed in revised Exhibit B of this Amendment No. 1.

2. Section 3.4 Term shall be amended to read as follows:

3.4 Term. Unless earlier terminated in accordance with the provisions in Article 8.0 of this Agreement, the term of this agreement shall commence on June 4, 2019, and terminate on June 4, 2024 (“Initial Term”). This Agreement is being extended effective June 5, 2024, and shall terminate on June 5, 2029 (“Extended Term”).

In all other respects, the original Agreement shall remain in effect.

ATTACHMENT 1
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IN WITNESS WHEREOF, the City and Consultant have executed this Amendment No. 1 to the Agreement on the respective dates set forth below.

CITY OF LA QUINTA CONSULTANT:

BMO Bank, N.A.
a California municipal corporation
_______________________
JON McMILLEN, City Manager Tito Ibarrola, Director, Senior Government Relationship
Manager
City of La Quinta, California
Dated: ___________________ Dated: ______________
ATTEST:

MONIKA RADEVA, City Clerk
City of La Quinta, California
APPROVED AS TO FORM:

WILLIAM H. IHRKE, City Attorney
City of La Quinta, California
182 CLICK HERE to Return to Agenda
Exhibit B
Schedule of Compensation
With the exception of compensation for Additional Services provided for in Section

2.3 of this Agreement, the Contracting Party shall be compensated in accordance with the attached Exhibit B.
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BMO
Account Name CITY OF LA QUINTA Account Number XXXXXX1851 Model Name CITY OF LA QUINTA Model Analysis Date 6/10/2024 Model Billing Cycle May, 2024
Currency USD
Average Balances On Deposit
Collected Balance Disclosure
Ledger 2,613,966.50
-Float 56,806.60
= Collected 2,557,159.90
Positive Collected 2,557,159.90
Negative Collected 0.00
Investable Balance Disclosure
Average Positive Collected Balance 2,557,159.90
- Reserve requirement 0.00
= Investable Balance 2,557,159.90
Analysis Results
Required Balance Disclosure
Balance Required For Services 724,277.25
= Total Required Balance 724,277.25
Balance Position Disclosure
Balance Position Basis 2,557,159.90
- Total Required Balance 724,277.25
= Balance Available for Other Service 1,832,882.65
Proposed
Earnings Credit Amount 3,790.33
- Analyzed fees 1,073.56
Net Analyzed Result 2,716.77
Net analyzed credit of 2,716.77 will be waived.
$1.00 of fees is equal to 674.65 of Investable Balance.

Investable Balance receives a proposed earnings credit of 1.750000%.

Notes

EXHIBIT B
Schedule of Compensation
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Account Name CITY OF LA QUINTA Account Number XXXXXX1851 Model Name CITY OF LA QUINTA Model Analysis Date 6/10/2024 Model Billing Cycle May, 2024
Currency USD
Services Performed
Services Performed Proposed Proposed Proposed
Volume Price Total Fee

DEPOSITORY SERVICES

GENERAL ACCOUNT SERVICES

GENERAL SERVICES
CORPORATE ACCOUNT MAINTENANCE 4 10.0000 40.00
ITEMS DEPOSITED 20 0.0500 1.00
OTHER CORPORATE CREDITS 1 0.3500 0.35
CORPORATE DEPOSIT 16 1.2000 19.20
ON US DEPOSIT ITEMS 0 0.0500 0.00
CHECKS DEPOSITED NOT ON US 0 0.0500 0.00
CHECK REJECTS 11 0.5500 6.05
Subtotal - GENERAL SERVICES 66.60

CORPORATE MONEY MARKET ACCOUNTS
ITEMS DEPOSITED-MMDA-CORP 0 0.0500 0.00
Subtotal - CORPORATE MONEY MARKET

ACCOUNTS

0.00 DISBURSEMENT SERVICES
REG CHECKING ACCT CHECK DEBIT 237 0.0700 16.59
NON-CHECK DEBITS 0 0.2000 0.00
DEPOSIT ADJUSTMENT DR 0 5.0000 0.00
Subtotal - DISBURSEMENT SERVICES 16.59

BUSINESS NOW ACCOUNTS
ITEMS DEPOSITED-CORP NOW 0 0.0500 0.00
Subtotal - BUSINESS NOW ACCOUNTS 0.00

ANCILLARY SERVICES
ACH CREDIT 0 0.0800 0.00
ACH DEBIT 0 0.0800 0.00
Subtotal - ANCILLARY SERVICES 0.00

MISCELLANEOUS SERVICES
ACCOUNT ANALYSIS-PAPER STMT 1 0.0000 0.00
REG CHECKING-PAPER STMT 1 0.0000 0.00
E-ANALYSIS STMT # OF ACCESSES 4 0.0000 0.00
BALANCE ADMIN FEE 2,614,000 0.1000 261.40
Subtotal - MISCELLANEOUS SERVICES 261.40

STOP PAYMENT SERVICES

AUTOMATED STOPS ONLINE
60 MTH AUTO STOP PAYMENT 0 30.0000 0.00
Subtotal - AUTOMATED STOPS ONLINE 0.00

RETURN ITEMS COLLECTIONS

GENERAL PROCESSING
RETURN ITEMS CHARGED BACK 1 10.0000 10.00
Subtotal - GENERAL PROCESSING 10.00

EXCEPTION PROCESSING
RETURN IMAGES RETRIEVED 2 2.5000 5.00
Subtotal - EXCEPTION PROCESSING 5.00

MISCELLANEOUS SERVICES
CHECKS PAID NON-CUSTOMER 0 6.0000 0.00

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Account Name CITY OF LA QUINTA Account Number XXXXXX1851 Model Name CITY OF LA QUINTA Model Analysis Date 6/10/2024 Model Billing Cycle May, 2024
Currency USD
Services Performed Proposed Proposed Proposed
Volume Price Total Fee
Subtotal - MISCELLANEOUS SERVICES 0.00

TREASURY MANAGEMENT SERVICES

ACCOUNT RECONCILEMENT

RECONCILEMENT PLANS
FULL RECON MAINTENANCE 1 35.0000 35.00
FULL RECON PER ITEM 234 0.0000 0.00
AUTOMATED VOIDS/ ADDS 1 0.1500 0.15
Subtotal - RECONCILEMENT PLANS 35.15

POSITIVE PAY
POSITIVE PAY E-MAIL ALERTS 2 0.0000 0.00
POSITIVE PAY MAINTENANCE 2 50.0000 100.00
CHK ISSUANCE FILE TRANSMISSION 5 0.0000 0.00
POSITIVE PAY PLAN 234 0.0600 14.04
MISMATCH POSITIVE PAY AUTO 1 2.5000 2.50
POSITIVE PAYEE MONTHLY MAINT 1 0.0000 0.00
POSITIVE PAY-PAYEE PER ITEM 234 0.0300 7.02
Subtotal - POSITIVE PAY 116.54

FULL ACCOUNT RECONCILEMENT
VOID/CANCEL 0 0.0600 0.00
OUTPUT FILE TRANSMISSION 0 75.0000 0.00
INPUT ISSUE ELECTRONIC 0 0.0600 0.00
BASE FEE 0 35.0000 0.00
Subtotal - FULL ACCOUNT RECONCILEMENT 0.00

POSITIVE PAY
PAYEE POSITIVE PAY - PAID ITEM 0 0.0300 0.00
PAYEE BASE FEE 0 55.0000 0.00
EXCEPTION ITEMS 0 0.7500 0.00
CHECK RETURN 0 3.0000 0.00
Subtotal - POSITIVE PAY 0.00

DISBURSEMENT IMAGING
INDEX RETRIEVALS 57 0.0000 0.00
DEPOSITED IMAGES-RETRIEVED 1 1.0000 1.00
CHECK VOLUME-INQUIRY ONLY 3 0.0550 0.17
INQUIRY IMAGES RETRIEVED 6 0.0550 0.33
Subtotal - DISBURSEMENT IMAGING 1.50

ZERO BALANCE ACCOUNTS
AUTOMATIC TRANSFER ACCT 1 8.0000 8.00
AUTOMATIC DEBIT 22 0.0000 0.00
AUTOMATIC CREDIT 22 0.0000 0.00
Subtotal - ZERO BALANCE ACCOUNTS 8.00

REMOTE DEPOSIT CAPTURE
REMOTE DEP-DEPOSIT 20 0.6500 13.00
REMOTE DEP-DEPOSIT 15 0.6500 9.75
REMOTE DEP-DEPOSIT 35 22.75
REMOTE DEP-CHECK ITEMS 100 0.0400 4.00
REMOTE DEP-CHECK ITEMS 110 0.0400 4.40
REMOTE DEP-CHECK ITEMS 210 8.40
PREMIER MAINTENANCE 1 45.0000 45.00

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Account Name CITY OF LA QUINTA Account Number XXXXXX1851 Model Name CITY OF LA QUINTA Model Analysis Date 6/10/2024 Model Billing Cycle May, 2024
Currency USD
Services Performed Proposed Proposed Proposed
Volume Price Total Fee
PREMIER ADDITIONAL ACCT MAINTENANCE 2 8.0000 16.00
Subtotal - REMOTE DEPOSIT CAPTURE 92.15

COMMERCIAL VAULT SERVICES
VAULT CHECK DEPOSIT 0 1.1000 0.00
Subtotal - COMMERCIAL VAULT SERVICES 0.00

CURRENCY/COIN DEPOSITED
CASH VAULT DEPOSITS - CV2 0 1.1000 0.00
CURRENCY DEP - STD (PER $100) - CV2 252 0.1500 37.80
Subtotal - CURRENCY/COIN DEPOSITED 37.80

COIN & CURRENCY SERVICE-BRANCH
NON-STD STRAP ORDERED 4 0.0900 0.36
BASE ORDER FEE-BRANCH 1 4.0000 4.00
Subtotal - COIN & CURRENCY SERVICE-BRANCH 4.36

SWEEP SERVICES
MONEY MARKET INVESTMENT SWEEP 0 100.0000 0.00
Subtotal - SWEEP SERVICES 0.00

CORPORATE SWEEP ACCOUNT
CORP SWEEP-INVESCO/ AIM FUNDS 1 135.0000 135.00
Subtotal - CORPORATE SWEEP ACCOUNT 135.00

AUTOMATED CLEARING HOUSE SERVICES
ELECTRONIC (ACH) CREDITS 0 0.0800 0.00
ELECTRONIC (ACH) DEBITS 0 0.0800 0.00
DEBIT FILTER RECURRING 0 0.7500 0.00
ACH POS PAY COMPANY MONTHLY MAINTEN 0 20.0000 0.00
ACH POS PAY - PER EXCEPTION REPORTE 0 1.2500 0.00
Subtotal - AUTOMATED CLEARING HOUSE

SERVICES

0.00 GENERAL SERVICES
ACH DEBIT RECEIVED 47 0.0800 3.76
ACH CREDIT RECEIVED 246 0.0800 19.68
EPA-EXCEPTION ITEMS 1 1.2500 1.25
ACH FRAUD CONTROL MAINTENANCE 3 25.0000 75.00
ACH ORIGINATION 14 0.0000 0.00
NOC CORRECTION 2 0.0000 0.00
PREFUNDING MAINTENANCE 4 0.0000 0.00
Subtotal - GENERAL SERVICES 99.69

ONLINE BANKING FOR BUSINESS
ONLINE ACH ITEMS 9 0.0800 0.72
ONLINE ACH REPORTS 4 0.2600 1.04
ONLINE ACH MAINTENANCE 1 18.0000 18.00
ONLINE ACH MAINTENANCE 3 0.0000 0.00
ONLINE ACH MAINTENANCE 4 18.00
ONLINE ACH ITEMS 250 0.0800 20.00
Subtotal - ONLINE BANKING FOR BUSINESS 39.76

ORIGINATION
ACH PPD CREDIT PRE-NOTES 1 0.0300 0.03
Subtotal - ORIGINATION 0.03

CONCENTRATION MODULE

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Account Name CITY OF LA QUINTA Account Number XXXXXX1851 Model Name CITY OF LA QUINTA Model Analysis Date 6/10/2024 Model Billing Cycle May, 2024
Currency USD
Services Performed Proposed Proposed Proposed
Volume Price Total Fee
CONCENTRATION CREDIT PRENOTES 1 0.0300 0.03
Subtotal - CONCENTRATION MODULE 0.03

ELECTRONIC DATA INTERCHANGE

EDI COLLECTIONS
EDI/EFT CREDITS RCVD - CCD+ 32 0.0800 2.56
EDI/EFT CREDITS RECEIVED - CTX 5 0.0800 0.40
Subtotal - EDI COLLECTIONS 2.96

DOMESTIC WIRE TRANSFER

INCOMING FED
WIRE TRANSFER CREDITS 1 0.0000 0.00
DOMESTIC WIRES CREDITS 1 8.0000 8.00
Subtotal - INCOMING FED 8.00

OUTGOING FED
ONLINE DOMESTIC WIRE 1 8.0000 8.00
ONLINE DOMESTIC WIRE 3 8.0000 24.00
ONLINE DOMESTIC WIRE 4 32.00
WIRE TRANSFER DEBITS 4 0.0000 0.00
FED WIRE ABA REPAIR 1 40.0000 40.00
Subtotal - OUTGOING FED 72.00

INTERNAL WIRE TRANSFERS
INTERNAL WIRE CREDIT ( ONLINE/ EDI) 0 8.0000 0.00
Subtotal - INTERNAL WIRE TRANSFERS 0.00

INTERNATIONAL WIRE TRANSFER

INTERNATIONAL WIRE-INCOMING
INTERNATIONAL WIRES CREDITS 0 8.0000 0.00
Subtotal - INTERNATIONAL WIRE-INCOMING 0.00

INTERNATIONAL PRODUCT SERVICES

GENERAL SERVICES
CANADIAN CHECKS - USD 1 3.0000 3.00
Subtotal - GENERAL SERVICES 3.00

ONLINE BANKING FOR BUSINESS

BALANCE REPORTING
ONLINE USER FEE 9 0.0000 0.00
PREVIOUS DAY DR/CR ITEMS 760 0.0000 0.00
SAME DAY DR/CR ITEMS 683 0.0000 0.00
Subtotal - BALANCE REPORTING 0.00

BUSINESS BANKING
BALANCE REPORTING MAINT 1 20.0000 20.00
ACCOUNTS REPORTED 4 12.5000 50.00
ONLINE ACCOUNTS-SAME DAY 1 70.0000 70.00
ONLINE ACCOUNTS-SAME DAY 3 45.0000 135.00
ONLINE ACCOUNTS-SAME DAY 4 0.00
Subtotal - BUSINESS BANKING 50.00

CORPORATE
BALANCE REPORTING ARCHIVE-2 YEAR 1 0.0000 0.00
BAL REPORTING PER TEMPLATE 9 0.0000 0.00
CSV DOWNLOADS 1 0.0000 0.00

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Account Name CITY OF LA QUINTA Account Number XXXXXX1851 Model Name CITY OF LA QUINTA Model Analysis Date 6/10/2024 Model Billing Cycle May, 2024
Currency USD
Services Performed Proposed Proposed Proposed
Volume Price Total Fee
CSV DOWNLOADED TRANSACTIONS 790 0.0000 0.00
Subtotal - CORPORATE 0.00

RECEIVABLES MGMT-ZERO BALANCING
ZBA CONCENTRATION ACCOUNT FEE 1 8.0000 8.00
ZBA TIER ACCOUNT FEE 0 8.0000 0.00
Subtotal - RECEIVABLES MGMT-ZERO BALANCING 8.00

TREASURYNOW
PORTAL ACCESS FEE 0 Bundle Def 0.00
Subtotal - TREASURYNOW 0.00

INFO REPORTING
IMAGES VIEWED 0 0.0550 0.00
CURRDAY MONTHLY ACCT FEE 0 Bundle Def 0.00
ANALYSIS STATEMENT 0 0.3500 0.00
DEPOSIT STATEMENT 0 0.3500 0.00
ACH SPECIAL REPORTS 0 0.3500 0.00
ARP SPECIAL REPORTS 0 0.3500 0.00
Subtotal - INFO REPORTING 0.00

IMAGE EXPRESS SERVICES
CD PRODUCED - PER CD 0 12.0000 0.00
IMAGES WRITTEN TO CD 0 0.0300 0.00
ONLINE MAINTENANCE 0 40.0000 0.00
Subtotal - IMAGE EXPRESS SERVICES 0.00

WIRE TRANSFER SERVICES
INCOMING WIRE - AUTO 0 8.0000 0.00
INCOMING WIRE - MANUAL 0 8.0000 0.00
Subtotal - WIRE TRANSFER SERVICES 0.00

CHECK DEPOSITED NON ENCODED
NON-ENCODED ON US 0 0.0500 0.00
NON-ENCODED / FOREIGN ITEMS 0 3.0000 0.00
NON-ENCODED LOCAL AND NON-LOCAL 0 0.0500 0.00
Subtotal - CHECK DEPOSITED NON ENCODED 0.00
Total Analyzed 1,073.56
Total Waived 232.02
Grand Total this Cycle 1,073.56

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City of La Quinta
CITY COUNCIL MEETING: August 6, 2024

STAFF REPORT
AGENDA TITLE: RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED MAY 31, 2024

RECOMMENDATION
Receive and file revenue and expenditure report dated May 31, 2024.

EXECUTIVE SUMMARY
 The report summarizes the City’s year-to-date (YTD) revenues and period expenditures for May 2024 (Attachment 1).
 These reports are also reviewed by the Financial Advisory Commission.

FISCAL IMPACT – None

BACKGROUND/ANALYSIS
Below is a summary of the column headers used on the Revenue and Expenditure Summary Reports:

Original Total Budget – represents revenue and expenditure budgets the Council adopted in June 2023 for fiscal year (FY) 2023/24.

Current Total Budget – represents original adopted budgets plus any Council approved budget amendments from throughout the year, including carryovers from the prior fiscal year.

Period Activity – represents actual revenues received and expenditures outlaid in the reporting month.

Fiscal Activity – represents actual revenues received and expenditures outlaid YTD.

Variance Favorable/(Unfavorable) - represents the dollar difference between YTD collections/expenditures and the current budgeted amount.

Percent Used – represents the percentage activity as compared to budget.

CONSENT CALENDAR ITEM NO. 10
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The revenue report includes revenues and transfers into funds from other funds (income items). Revenues are not received uniformly throughout the year, resulting in peaks and valleys. For example, large property tax payments are usually received in December and May. Similarly, Redevelopment Property Tax Trust Fund payments are typically received in January and June. Any timing imbalance of revenue receipts versus expenditures is funded from the City’s cash flow reserve.

The expenditure report includes expenditures and transfers out to other funds. Unlike revenues, expenditures are more likely to be consistent from month to month. However, large debt service payments or CIP expenditures can cause swings.

Prepared by: Rosemary Hallick, Principal Management Analyst Approved by: Claudia Martinez, Finance Director
Attachment: 1. Revenue and Expenditure Report for May 31, 2024

MTD YTD
YTD Percent of
Budget YTD
YTD Percent of
Budget
General Fund (GF) $9,303,026 $62,613,569 75.55% $66,401,667 84.54% All Funds $11,838,600 $117,842,793 58.14% $120,185,044 63.40%

MTD YTD
YTD Percent of
Budget YTD
YTD Percent of
Budget
General Fund $2,861,918 $48,646,548 47.75% $50,293,266 44.21% Payroll (GF) $804,933 $10,417,546 77.80% $21,108,127 87.95% All Funds $6,197,104 $108,377,666 46.26% $99,499,999 42.15% May 2024 Expenditures Comparison to 2023
May 2024 Revenues Comparison to 2023
General Fund Non-General Fund
Transient Occupancy (Hotel) Tax $ 2,921,575 Allocated Interest $ 645,314 Property Tax $ 2,666,184 Lighting and Landscape District Assessments $ 424,724 Measure G Sales Tax $ 1,451,498 SilverRock Green Fees $ 291,519 Sales Tax $ 1,142,907 County Sales Tax (Measure A) $ 176,036 Fire Service Credit $ 197,869 Developer Impact Fees- Transportation $ 173,538 General Fund Non-General Fund
Sheriff Contract (March) $ 1,163,856 Capital Improvement Program - Construction(1) $ 1,705,449 Marketing and Tourism Promotions $ 115,802 Homelessness Assistance $ 250,000 Parks Landscape Maintenance Contract $ SilverRock Maintenance 65,010 $ 177,287 Plan Checks $ 59,252 Machinery & Equipment (IT Fund)(2) $ 148,262 Animal Shelter Contract Services $ Lighting & Landscape Maintenance 56,537 $ 137,472 (2)Machinery & Equipment: Council chambers audio-visual/meeting services upgrades; city-wide new printers/copiers Top Five Revenue/Income Sources for May
Top Five Expenditures/Outlays for May
(1)CIP Construction: North La Quinta landscape conversion project; Fred Waring pavement; Dune Palms bridge 192 CLICK HERE to Return to Agenda
For Fiscal: 2023/24 Period Ending: 05/31/2024

Revenue Summary
Fiscal
Activity
Variance
Favorable
Fund (Unfavorable)
Period
Activity
Current
Total Budget
Original
Total Budget
Percent
Used
101 - GENERAL FUND 78,478,100 82,877,100 9,303,026 62,613,569 -20,263,531 75.55% 105 - DISASTER RECOVERY FUND 15,000 15,000 0 -8,794 -23,794 58.63% 201 - GAS TAX FUND 2,458,600 3,247,900 161,526 2,827,377 -420,523 87.05% 202 - LIBRARY & MUSEUM FUND 2,922,000 2,922,000 324 1,713,697 -1,208,303 58.65% 203 - PUBLIC SAFETY FUND (MEASURE G) 2,500 2,500 0 -179 -2,679 7.17% 210 - FEDERAL ASSISTANCE FUND 156,000 375,259 0 180,347 -194,912 48.06% 212 - SLESA (COPS) FUND 101,500 161,500 41,667 185,732 24,232 115.00% 215 - LIGHTING & LANDSCAPING FUND 2,992,000 2,992,000 424,724 2,967,538 -24,462 99.18% 220 - QUIMBY FUND 50,000 0 0 0 0 0.00%
221 - AB 939 - CALRECYCLE FUND 70,000 70,000 110,296 158,772 88,772 226.82% 223 - MEASURE A FUND 2,028,000 2,028,000 176,036 1,457,322 -570,678 71.86% 225 - INFRASTRUCTURE FUND 500 500 0 -17 -517 3.41%
226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG) 12,500 12,500 24,550 24,550 12,050 196.40% 227 - STATE HOMELAND SECURITY PROGRAMS (SHSP) 5,000 5,000 0 4,312 -688 86.24% 230 - CASp FUND, AB 1379 20,500 20,500 1,276 14,391 -6,109 70.20% 231 - SUCCESSOR AGCY PA 1 RORF 0 0 6 5,155,830 5,155,830 0.00% 235 - SO COAST AIR QUALITY FUND 55,000 80,000 0 25,043 -54,957 31.30% 237 - SUCCESSOR AGCY PA 1 ADMIN 0 0 0 -165 -165 0.00%
241 - HOUSING AUTHORITY 1,401,500 1,771,500 98,747 1,522,050 -249,450 85.92% 243 - RDA LOW-MOD HOUSING FUND 30,000 30,000 0 -3,375 -33,375 11.25% 247 - ECONOMIC DEVELOPMENT FUND 20,000 20,000 2,958 57,876 37,876 289.38% 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016) 36,000 1,423,009 0 1,448,384 25,375 101.78% 250 - TRANSPORTATION DIF FUND 1,520,000 620,000 173,538 436,213 -183,787 70.36% 251 - PARKS & REC DIF FUND 751,500 301,500 16,848 227,001 -74,499 75.29% 252 - CIVIC CENTER DIF FUND 501,500 141,500 19,783 96,165 -45,335 67.96% 253 - LIBRARY DEVELOPMENT DIF 100,000 40,000 3,176 26,996 -13,004 67.49% 254 - COMMUNITY & CULTURAL CENTERS DIF252,500 102,500 7,648 64,140 -38,360 62.58% 255 - STREET FACILITY DIF FUND 1,000 1,000 0 -71 -1,071 7.10% 256 - PARK FACILITY DIF FUND 100 100 0 -7 -107 6.69%
257 - FIRE PROTECTION DIF 151,500 41,500 5,828 28,615 -12,885 68.95% 259 - MAINTENANCE FACILITIES DIF FUND 101,000 46,000 10,596 30,703 -15,297 66.74% 270 - ART IN PUBLIC PLACES FUND 154,000 154,000 72,250 162,073 8,073 105.24% 275 - LQ PUBLIC SAFETY OFFICER 2,500 2,500 0 1,953 -547 78.12% 299 - INTEREST ALLOCATION FUND 0 0 645,314 7,375,482 7,375,482 0.00% 310 - LQ FINANCE AUTHORITY DEBT SERVICE 1,100 1,100 0 0 -1,100 0.00% 401 - CAPITAL IMPROVEMENT PROGRAMS17,950,700 90,688,672 50,000 17,006,037 -73,682,635 18.75% 405 - SA PA 1 CAPITAL IMPRV FUND 1,500 1,500 0 -5 -1,505 0.36% 501 - FACILITY & FLEET REPLACEMENT 1,685,000 1,685,000 0 1,152,726 -532,274 68.41% 502 - INFORMATION TECHNOLOGY 2,256,708 2,256,708 4,165 2,317,960 61,252 102.71% 503 - PARK EQUIP & FACILITY FUND 470,000 470,000 0 746,660 276,660 158.86% 504 - INSURANCE FUND 1,362,230 1,362,230 0 1,020,380 -341,850 74.91% 601 - SILVERROCK RESORT 5,277,950 6,493,950 346,473 6,249,070 -244,880 96.23% 602 - SILVERROCK GOLF RESERVE 87,000 87,000 0 81,446 -5,554 93.62% 760 - SUPPLEMENTAL PENSION PLAN 6,000 6,000 0 4,931 -1,069 82.18% 761 - CERBT OPEB TRUST 20,000 20,000 0 145,502 125,502 727.51% 762 - PARS PENSION TRUST 100,000 100,000 137,847 324,561 224,561 324.56% Report Total: 123,608,488 202,677,028 11,838,600 117,842,793 -84,834,235 58.14% Accounts are subject to adjusting entries and audit. The City's Annual Comprehensive Financial Report, published annually, is the best resource for all final audited numbers.

ATTACHMENT 1
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For Fiscal: 2023/24 Period Ending: 05/31/2024

Expenditure Summary
Fiscal
Activity
Variance
Favorable
Fund (Unfavorable)
Period
Activity
Current
Total Budget
Original
Total Budget
Percent
Used
101 - GENERAL FUND 72,828,750 101,876,631 2,861,918 48,646,548 53,230,083 47.75% 201 - GAS TAX FUND 2,802,400 5,561,461 54,047 2,402,559 3,158,903 43.20% 202 - LIBRARY & MUSEUM FUND 2,240,160 4,934,483 24,432 1,251,199 3,683,284 25.36% 203 - PUBLIC SAFETY FUND (MEASURE G) 0 41,687 0 11,625 30,063 27.89% 210 - FEDERAL ASSISTANCE FUND 156,300 375,559 0 196,768 178,791 52.39% 212 - SLESA (COPS) FUND 100,000 100,000 8,442 74,935 25,065 74.94% 215 - LIGHTING & LANDSCAPING FUND 3,186,915 3,353,915 286,405 2,261,798 1,092,117 67.44% 220 - QUIMBY FUND 0 445,176 0 0 445,176 0.00%
221 - AB 939 - CALRECYCLE FUND 150,000 150,000 6,614 132,748 17,252 88.50% 223 - MEASURE A FUND 1,865,000 4,810,319 0 2,673,169 2,137,150 55.57% 226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG) 12,000 12,000 0 9,950 2,050 82.92% 227 - STATE HOMELAND SECURITY PROGRAMS (SHSP) 5,000 5,000 0 0 5,000 0.00% 230 - CASp FUND, AB 1379 5,500 5,500 0 0 5,500 0.00%
231 - SUCCESSOR AGCY PA 1 RORF 0 0 0 16,696,117 -16,696,117 0.00% 235 - SO COAST AIR QUALITY FUND 54,000 39,000 3,355 43,728 -4,728 112.12% 237 - SUCCESSOR AGCY PA 1 ADMIN 0 0 2,030 7,880 -7,880 0.00% 241 - HOUSING AUTHORITY 1,596,340 2,326,340 93,389 1,594,596 731,744 68.55% 243 - RDA LOW-MOD HOUSING FUND 250,000 300,000 250,000 250,000 50,000 83.33% 247 - ECONOMIC DEVELOPMENT FUND 31,500 31,500 164 22,291 9,209 70.77% 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016) 250,000 3,824,192 0 3,582,426 241,766 93.68% 250 - TRANSPORTATION DIF FUND 550,000 1,669,775 0 409,936 1,259,839 24.55% 251 - PARKS & REC DIF FUND 650,000 1,121,285 0 34,179 1,087,106 3.05% 252 - CIVIC CENTER DIF FUND 0 249,925 0 0 249,925 0.00% 253 - LIBRARY DEVELOPMENT DIF 15,000 15,000 0 1,191 13,809 7.94% 254 - COMMUNITY & CULTURAL CENTERS DIF 0 125,000 0 0 125,000 0.00% 259 - MAINTENANCE FACILITIES DIF FUND 180,000 180,000 0 0 180,000 0.00% 270 - ART IN PUBLIC PLACES FUND 233,000 742,711 6,084 118,831 623,880 16.00% 310 - LQ FINANCE AUTHORITY DEBT SERVICE 1,100 1,100 0 0 1,100 0.00% 401 - CAPITAL IMPROVEMENT PROGRAMS17,950,700 85,866,873 1,865,123 18,076,653 67,790,220 21.05% 501 - FACILITY & FLEET REPLACEMENT 1,448,750 2,331,044 64,690 437,130 1,893,913 18.75% 502 - INFORMATION TECHNOLOGY 3,082,620 3,277,620 254,341 1,869,610 1,408,010 57.04% 503 - PARK EQUIP & FACILITY FUND 2,242,200 3,092,200 1,000 696,032 2,396,168 22.51% 504 - INSURANCE FUND 1,118,000 1,118,000 784 1,108,540 9,460 99.15% 601 - SILVERROCK RESORT 5,034,993 6,266,242 411,630 5,724,483 541,759 91.35% 760 - SUPPLEMENTAL PENSION PLAN 12,850 12,850 0 12,833 17 99.87% 761 - CERBT OPEB TRUST 1,800 1,800 0 1,194 606 66.35%
762 - PARS PENSION TRUST 30,000 30,000 2,657 28,716 1,284 95.72% Report Total: 118,084,878 234,294,188 6,197,104 108,377,666 125,916,522 46.26% Accounts are subject to adjusting entries and audit. The City's Annual Comprehensive Financial Report, published annually, is the best resource for all final audited numbers.
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Fund # Name Notes
101 General Fund The primary fund of the City used to account for all revenue and expenditures of the City; a broad range of municipal activities are provided through this fund.
105 Disaster Recovery Fund
Accounts for use of one-time federal funding designed to deliver relief to American workers and aid in the economic recovery iin the wake of COVID-19. The American Rescue Plan Act (ARPA) was passed by Congress in 2021 to provide fiscal recovery funds to state and local governments. 201 Gas Tax Fund Gasoline sales tax allocations received from the State which are restricted to street-related expenditures. 202 Library and Museum Fund Revenues from property taxes and related expenditures for library and museum services. 203 Public Safety Fund General Fund Measure G sales tax revenue set aside for public safety expenditures. 210 Federal Assistance Fund Community Development Block Grant (CDBG) received from the federal government and the expenditures of those resources.
212 SLESF (COPS) Fund Supplemental Law Enforcement Services Funds (SLESF) received from the State for law enforcement activities.

Also known as Citizen's Option for Public Safety (COPS). 215 Lighting & Landscaping Fund Special assessments levied on real property for city-wide lighting and landscape maintenance/improvements and the expenditures of those resources.
220 Quimby Fund Developer fees received under the provisions of the Quimby Act for park development and improvements. 221 AB939 Fund/Cal Recycle Franchise fees collected from the city waste hauler that are used to reduce waste sent to landfills through recycling efforts. Assembly Bill (AB) 939.
223 Measure A Fund County sales tax allocations which are restricted to street-related expenditures. 224 TUMF Fund Developer-paid Transportation Uniform Mitigation Fees (TUMF) utilized for traffic projects in Riverside County. 225 Infrastructure Fund Developer fees for the acquisition, construction or improvement of the City’s infrastructure as defined by Resolution 226 Emergency Mgmt. Performance Grant (EMPG) Federal Emergency Management Agency (FEMA) grant for emergency preparedness. 227 State Homeland Security Programs (SHSP) Federal Emergency Management Agency (FEMA) grant for emergency preparedness. 230 CASP Fund, AB1379 / SB1186 Certified Access Specialist (CASp) program fees for ADA Accessibility Improvements; derived from Business License renewals. Assembly Bill (AB) 1379 and Senate Bill (SB) 1186. 231 Successor Agency PA 1 RORF Fund
Successor Agency (SA) Project Area (PA) 1 Redevelopment Obligation Retirement Fund (RORF) for Redevelopment Property Tax Trust Fund (RPTTF) taxes received for debt service payments on recognized obligations of the former Redevelopment Agency (RDA).
235 SO Coast Air Quality Fund (AB2766, PM10) Contributions from the South Coast Air Quality Management District. Uses are limited to the reduction and control of airborne pollutants. Assembly Bill (AB) 2766.
237 Successor Agency PA 1 Admin Fund Successor Agency (SA) Project Area (PA) 1 for administration of the Recognized Obligation Payment Schedule (ROPS) associated with the former Redevelopment Agency (RDA). 241 Housing Authority Activities of the Housing Authority which is to promote and provide quality affordable housing. 243 RDA Low-Moderate Housing Fund Activities of the Housing Authority which is to promote and provide quality affordable housing. Accounts for RDA loan repayments (20% for Housing) and housing programs,.
244 Housing Grants Activites related Local Early Action Planning (LEAP) and SB2 grants for housing planning and development. 247 Economic Development Fund Proceeds from sale of City-owned land and transfers from General Fund for future economic development. 249 SA 2011 Low/Mod Bond Fund Successor Agency (SA) low/moderate housing fund; 2011 bonds refinanced in 2016. 250 Transportation DIF Fund Developer impact fees collected for specific public improvements - transportation related. 251 Parks & Rec. DIF Fund Developer impact fees collected for specific public improvements - parks and recreation. 252 Civic Center DIF Fund Developer impact fees collected for specific public improvements - Civic Center. 253 Library Development DIF Fund Developer impact fees collected for specific public improvements - library. 254 Community Center DIF Fund Developer impact fees collected for specific public improvements - community center. 255 Street Facility DIF Fund Developer impact fees collected for specific public improvements - streets. 256 Park Facility DIF Fund Developer impact fees collected for specific public improvements - parks. 257 Fire Protection DIF Fund Developer impact fees collected for specific public improvements - fire protection. 259 Maintenance Facilities DIF Fund Developer impact fees collected for specific public improvements - maintenance facilities. 270 Art In Public Places Fund Developer fees collected in lieu of art placement; utilized for acquisition, installation and maintenance of public artworks.
275 LQ Public Safety Officer Fund Annual transfer in from General Fund; distributed to public safety officers disabled or killed in the line of duty. 299 Interest Allocation Fund Interest earned on investments. 310 LQ Finance Authority Debt Service Fund Accounted for the debt service the Financing Authority’s outstanding debt and any related reporting requirements.

This bond was fully paid in October 2018.
401 Capital Improvement Program Fund Planning, design, and construction of various capital projects throughout the City. 405 SA PA 1 Capital Improvement Fund Successor Agency (SA) Project Area (PA) 1 bond proceeds restricted by the bond indenture covenants. Used for SilverRock infrastructure improvements.
501 Equipment Replacement Fund Internal Service Fund for vehicles, heavy equipment, and related facilities. 502 Information Technology Fund Internal Service Fund for computer hardware and software and phone systems. 503 Park Equipment & Facility Fund Internal Service Fund for park equipment and facilities. 504 Insurance Fund Internal Service Fund for city-wide insurance coverages. 601 SilverRock Resort Fund Enterprise Fund for activities of the city-owned golf course. 602 SilverRock Golf Reserve Fund Enterprise Fund for golf course reserves for capital improvements. 760 Supplemental Pension Plan (PARS Account) Supplemental pension savings plan for excess retiree benefits to general employees of the City. 761 Other Post Benefit Obligation Trust (OPEB) For retiree medical benefits and unfunded liabilities. 762 Pension Trust Benefit (PARS Account) For all pension-related benefits and unfunded liabilities.

Fund Descriptions

195 CLICK HERE to Return to Agenda
196 CLICK HERE to Return to Agenda
City of La Quinta
CITY COUNCIL MEETING: August 6, 2024

STAFF REPORT
AGENDA TITLE: APPROVE DEMAND REGISTERS DATED JULY 12, 19, AND 26, 2024

RECOMMENDATION
Approve demand registers dated July 12, 19, and 26, 2024.

EXECUTIVE SUMMARY – None

FISCAL IMPACT
Demand of Cash:

City $ 9,653,176.49
Successor Agency of RDA $ - Housing Authority $ 28,856.16 $ 9,682,032.65

BACKGROUND/ANALYSIS
Routine bills and payroll must be paid between Council meetings. Attachment 1 details the weekly demand registers for July 12, 19, and 26, 2024.

Warrants Issued:
214359-214417 $ 3,756,061.75
EFT 156 $ 191.96
EFT 157 $ 1,068.00
214418-214473 $ 1,262,301.88
214474-214545 $ 3,327,407.68
EFT 158 $ 168,511.49
Voids $ (3,444.61)
Wire Transfers $ 870,747.68
Payroll Tax Transfers $ 59,439.66
Payroll Direct Deposit $ 239,747.16
$ 9,682,032.65
Six checks were voided and reissued. The voids were the result of the periodic review of stale-dated checks.

CONSENT CALENDAR ITEM NO. 11
197 CLICK HERE to Return to Agenda
Vendor Account Name Amount Purpose
Riverside County Sheriff Department Various $2,692,955.36 May-June Police Services Ortiz Enterprises, Inc. Construction $2,228,586.44 Dune Palms Bridge Progress Payments
California Joint Powers Insurance Various $1,034,245.00 Insurance Premiums American Asphalt South, Inc. Construction $1,018,930.27 PMP Slurry Improvements Progress Payment
Rutan & Tucker Various $168,511.49 Feb-April Legal Services Wire Transfers: Twenty-Eight transfers totaled $870,748. Of this amount, $362,992 was to CalPERS and $344,211 was to Landmark (See Attachment 2 for a complete listing).

Purchase Orders/Contracts: As a normal course of operations, any purchase order (PO) over $50,000 must go to City Council for individual consideration. Additional POs under this threshold are reported quarterly for review. See attached list (Attachment 3) for POs with a value of $25,000 to $50,000 that were issued from April 1 to June 31.

Investment Transactions: Full details of investment transactions, as well as total holdings, are reported quarterly in the Treasurer’s Report.

Prepared by: Jesse Batres, Finance Technician
Approved by: Rosemary Hallick, Principal Management Analyst Attachments: 1. Demand Registers

2. Wire Transfers

3. Purchase Orders
Transaction Issuer Type Par Value
Settle
Date
Coupon
Rate YTM
Purchase Southern Bank of TN CD $ 7/12/2024 4.350% 4.350% 248,000 Purchase Altaone Federal Credit Union CD $ 7/19/2024 4.450% 4.450% 249,000 Purchase United States Treasury Treasury Note 1,000,000 $ 7/19/2024 3.500% 4.140% Purchase Prevail Bank CD $ 7/24/2024 4.250% 4.250% 249,000 Maturity Abacus Federal Savings Bank CD $ 7/26/2024 1.950% 1.950% 248,000 Maturity Federal Farm Credit Banks Agency $ 7/26/2024 1.850% 1.870% 500,000 198 CLICK HERE to Return to Agenda
7/29/2024 7:34:47 PM Page 1 of 6
Demand Register
City of La Quinta Packet: APPKT03860 - 07/12/2024 JB
Vendor Name Payment Number Description (Item) Account Name Account Number Amount Fund: 101 - GENERAL FUND
REYES, LUCAS 156 FY 23/24 ANNUAL WELLNESS DOLLARS … Annual Wellness Dollar Reim… 101-1004-50252 191.96 111 NOTARY SERVICES 214359 06/2024 - FINGERPRINTING SCANNING Recruiting/Pre-Employment 101-1004-60129 62.00 111 NOTARY SERVICES 214359 FY23/24 R/C FINGERPRINTING SVC TO 1… Travel & Training 101-1004-60320 -90.00 111 NOTARY SERVICES 214359 FY23/24 R/C FINGERPRINTING SVC FR 1… Recruiting/Pre-Employment 101-1004-60129 90.00 ALTA VERDE BUILDERS, INC 214361 PM 10 DEPOSIT REFUND TM 34243 Developer Deposits 101-0000-22810 6,900.00 AMERICAN PLANNING ASSOC… 214363 FY 24/25 APA MEMBERSHIP D.CASTRO Membership Dues 101-6001-60351 150.00 AMERICAN PLANNING ASSOC… 214363 FY 24/25 APA MEMBERSHIP C.FLORES Membership Dues 101-6002-60351 150.00 AMERICAN PLANNING ASSOC… 214363 FY 24/25 APA MEMBERSHIP S.FERNAND… Membership Dues 101-6002-60351 150.00 ANSAFONE CONTACT CENTE… 214364 07/2024 - PM 10 ANSWERING SERVICES PM 10 - Dust Control 101-7006-60146 165.52 BATUTA, DANIELE 214365 FY 23/24 ANNUAL WELLNESS DOLLARS … Annual Wellness Dollar Reim… 101-1004-50252 198.02 BMO FINANCIAL GROUP 214366 SOLENOID FOR COVER RESTROOM SALE… Sales Taxes Payable 101-0000-20304 -61.25 BMO FINANCIAL GROUP 214366 SOLENOID FOR COVER RESTROOM Materials/Supplies 101-3008-60431 803.25 BMO FINANCIAL GROUP 214366 FLUSHOMETER FOR COVE RESTROOM S… Sales Taxes Payable 101-0000-20304 -16.10 BMO FINANCIAL GROUP 214366 SANITIZER PUMP FOR COVE RESTROOM Materials/Supplies 101-3008-60431 272.84 BMO FINANCIAL GROUP 214366 FLUSHOMETER FOR COVE RESTROOM Materials/Supplies 101-3008-60431 220.05 BMO FINANCIAL GROUP 214366 ADMIN TRAINING C.ESCARREGA Travel & Training 101-7001-60320 299.00 BMO FINANCIAL GROUP 214366 06/27-07/11/24 - JOB POSTING ADMIN … Recruiting/Pre-Employment 101-1004-60129 300.00 BMO FINANCIAL GROUP 214366 INTERVIEW LUNCH PANEL M&O SUPERV… Recruiting/Pre-Employment 101-1004-60129 110.61 BMO FINANCIAL GROUP 214366 CJPIA SUPERVISOR ESSENTIAL SKILLS TR… Travel & Training 101-1004-60320 145.95 BMO FINANCIAL GROUP 214366 CJPIA SUPERVISOR ESSENTIAL SKILLS TR… Travel & Training 101-1004-60320 482.02 BMO FINANCIAL GROUP 214366 CJPIA DRIVER SAFETY TRAINING Travel & Training 101-1004-60320 205.76 BMO FINANCIAL GROUP 214366 06/24/26-06/23/27 ICC SUBSCRIPTION … Prepaid Expense 101-0000-13600 705.67 BMO FINANCIAL GROUP 214366 06/24/25-06/23/26 ICC SUBSCRIPTION … Prepaid Expense 101-0000-13600 705.67 BMO FINANCIAL GROUP 214366 06/24/24-06/23/25 ICC SUBSCRIPTION Membership Dues 101-2002-60351 705.66 BMO FINANCIAL GROUP 214366 FS #70 HOSE REELS Materials/Supplies 101-2002-60431 528.50 BMO FINANCIAL GROUP 214366 06/05/24-06/05/25 - SPROUT SOCIAL S… Membership Dues 101-3007-60351 1,271.16 BMO FINANCIAL GROUP 214366 07/2024 - APPLE MUSIC/STORAGE SUBS… Membership Dues 101-3007-60351 25.95 BMO FINANCIAL GROUP 214366 06/20/24 EMPLOYEE APPRCTN/ICE CRE… Employee Recognition Events 101-1004-60340 68.14 BMO FINANCIAL GROUP 214366 06/20/24 EMPLOYEE APPRCTN/ICE CRE… Employee Recognition Events 101-1004-60340 10.99 BMO FINANCIAL GROUP 214366 06/20/24 EMPLOYEE APPRCTN/ICE CRE… Employee Recognition Events 101-1004-60340 401.90 BMO FINANCIAL GROUP 214366 06/20/24 EMPLOYEE APPRCTN/ICE CRE… Employee Recognition Events 101-1004-60340 598.00 BMO FINANCIAL GROUP 214366 MANILA FOLDERS Office Supplies 101-1005-60400 52.90 BMO FINANCIAL GROUP 214366 MOUSE PAD & FLASH DRIVES Office Supplies 101-1005-60400 100.87 BMO FINANCIAL GROUP 214366 AP YELLOW PAPER Office Supplies 101-1006-60400 12.96 BMO FINANCIAL GROUP 214366 FOOD FOR NEIGHBORHOOD WATCH LQ Police Volunteers 101-2001-60109 67.24 BMO FINANCIAL GROUP 214366 MICROWAVE STEAM CLEANER & COVER Operating Supplies 101-2001-60420 20.64 BMO FINANCIAL GROUP 214366 CHAIR WITH CANOPY SHADE Operating Supplies 101-3002-60420 81.55 BMO FINANCIAL GROUP 214366 FB POOL CPR SIGN Fritz Burns Pool Maintenance 101-3005-60184 69.58 BMO FINANCIAL GROUP 214366 FB POOL CPR SIGN Fritz Burns Pool Maintenance 101-3005-60184 69.59 BMO FINANCIAL GROUP 214366 06/2024 - MAILCHIMP Membership Dues 101-3007-60351 219.00 BMO FINANCIAL GROUP 214366 2/1/24-1/31/25 - X-PARK MODULAR DE… Annual Permits/Inspections 101-3008-60196 417.00 BMO FINANCIAL GROUP 214366 2/1/24-1/31/25 - X-PARK MODULAR DE… Annual Permits/Inspections 101-3008-60196 417.00 BMO FINANCIAL GROUP 214366 2/1/24-1/31/25 - X-PARK MODULAR DE… Annual Permits/Inspections 101-3008-60196 417.00 BMO FINANCIAL GROUP 214366 2/1/24-1/31/25 - X-PARK MODULAR DE… Annual Permits/Inspections 101-3008-60196 417.00 BMO FINANCIAL GROUP 214366 HYDRATION SUPPLIES Safety Gear 101-3008-60427 85.13 BMO FINANCIAL GROUP 214366 FIRE PANEL BATTERY Materials/Supplies 101-3008-60431 191.82 BMO FINANCIAL GROUP 214366 FB POOL CPR SIGN & LETTER STICKERS Materials/Supplies 101-3008-60431 23.74 BMO FINANCIAL GROUP 214366 FB POOL KEEP GATE CLOSED SIGN Materials/Supplies 101-3008-60431 56.52 BMO FINANCIAL GROUP 214366 SANITARY NAPKIN DISPOSAL Materials/Supplies 101-3008-60431 409.47 BMO FINANCIAL GROUP 214366 ELECTRIC DOOR STRIKE Materials/Supplies 101-3008-60431 128.84 BMO FINANCIAL GROUP 214366 TIMER Operating Supplies 101-6001-60420 42.40 BMO FINANCIAL GROUP 214366 STANDING DESK Operating Supplies 101-6001-60420 212.05 BMO FINANCIAL GROUP 214366 FLASH DRIVES Office Supplies 101-6004-60400 41.19 ATTACHMENT 1
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7/29/2024 7:34:47 PM Page 2 of 6
Vendor Name Payment Number Description (Item) Account Name Account Number Amount BMO FINANCIAL GROUP 214366 WIRELESS MOUSE E.MOLINA Operating Supplies 101-6006-60420 51.10 BMO FINANCIAL GROUP 214366 PC MEETING DINNER Travel & Training 101-6001-60320 185.64 BMO FINANCIAL GROUP 214366 D&D/CM WORKING LUNCH Travel & Training 101-6001-60320 131.57 BMO FINANCIAL GROUP 214366 11/4-11/5/24 CPRS MAINT MANAGEME… Travel & Training 101-3005-60320 1,900.00 BMO FINANCIAL GROUP 214366 09/11/24 - CALTRAVEL SUMMIT Travel & Training 101-3007-60320 1,299.00 BMO FINANCIAL GROUP 214366 06/18/24 COUNCIL MEETING DINNER Travel & Training 101-1001-60320 123.48 BMO FINANCIAL GROUP 214366 06/12/24 ALL HANDS MTG FOOD -- EL T… Employee Recognition Events 101-1004-60340 1,375.69 BMO FINANCIAL GROUP 214366 LOBBY COFFEE MACHINE SUPPLIES Citywide Supplies 101-1007-60403 121.54 BMO FINANCIAL GROUP 214366 FOOD FOR MARKETING PHOTOSHOOT Travel & Training 101-3007-60320 162.68 BMO FINANCIAL GROUP 214366 10/27-10/30/24 - CALPERS FORUM HOT… Travel & Training 101-1006-60320 284.26 BMO FINANCIAL GROUP 214366 10/28-10/30/24 - CALPERS FORUM S.LA… Travel & Training 101-1006-60320 549.00 BMO FINANCIAL GROUP 214366 10/28-10/30/24 - CALPERS FORUM V.O… Travel & Training 101-1006-60320 549.00 BMO FINANCIAL GROUP 214366 10/27-10/30/24 - CALPERS FORUM HOT… Travel & Training 101-1006-60320 284.26 BMO FINANCIAL GROUP 214366 07/2/24-07/01/25 - CDFA MEMBERSHIP… Membership Dues 101-1006-60351 675.00 BMO FINANCIAL GROUP 214366 PR SUPPLIES FOR FIRE STATIONS SALES … Sales Taxes Payable 101-0000-20304 -78.74 BMO FINANCIAL GROUP 214366 06/20/24 EMPLOYEE APPRCTN/ICE CRE… Employee Recognition Events 101-1004-60340 1,155.00 BMO FINANCIAL GROUP 214366 PR SUPPLIES FOR FIRE STATIONS Volunteers - Fire 101-2002-60110 1,082.07 BMO FINANCIAL GROUP 214366 7/12/24 GCVCC LEGISLATIVE BREAKFAST… Travel & Training 101-1001-60320 25.00 BMO FINANCIAL GROUP 214366 7/12/24 GCVCC LEGISLATIVE BREAKFAST… Travel & Training 101-1001-60320 25.00 BMO FINANCIAL GROUP 214366 LEAGUE RIVCO MEETING D.MCGARREY Travel & Training 101-1001-60320 60.00 BMO FINANCIAL GROUP 214366 LEAGUE RIVCO MEETING J.PENA Travel & Training 101-1001-60320 60.00 BMO FINANCIAL GROUP 214366 LEAGUE RIVCO MEETING S.SANCHEZ Travel & Training 101-1001-60320 60.00 BMO FINANCIAL GROUP 214366 7/12/24 GCVCC LEGISLATIVE BREAKFAST… Travel & Training 101-1001-60320 25.00 BMO FINANCIAL GROUP 214366 10/16-10/18/24 LEAGUE OF CITIES CONF… Travel & Training 101-1001-60320 650.00 BMO FINANCIAL GROUP 214366 10/16-10/18/24 LEAGUE OF CITIES CONF… Travel & Training 101-1001-60320 650.00 BMO FINANCIAL GROUP 214366 10/16-10/18/24 LEAGUE OF CITIES CONF… Travel & Training 101-1001-60320 650.00 BMO FINANCIAL GROUP 214366 10/16-10/18/24 LEAGUE OF CITIES CONF… Travel & Training 101-1001-60320 650.00 BMO FINANCIAL GROUP 214366 10/16-10/18/24 LEAGUE OF CITIES CONF… Travel & Training 101-1001-60320 650.00 BMO FINANCIAL GROUP 214366 10/16-10/18/24 LEAGUE OF CITIES CONF… Travel & Training 101-1002-60320 650.00 BMO FINANCIAL GROUP 214366 COUNCIL MEETING DINNER Travel & Training 101-1001-60320 236.10 BMO FINANCIAL GROUP 214366 CVAG ASSEMBLY PENA Travel & Training 101-1001-60320 51.50 BMO FINANCIAL GROUP 214366 29 PALMS FUNDRAISER L.EVANS Travel & Training 101-1001-60320 257.50 BMO FINANCIAL GROUP 214366 COUNCIL MEETING DINNER Travel & Training 101-1001-60320 228.21 BMO FINANCIAL GROUP 214366 COUNCIL MEETING DESSERTS Travel & Training 101-1001-60320 48.64 BMO FINANCIAL GROUP 214366 06/03/24 - CVAG ASSEMBLY DINNER Travel & Training 101-1001-60320 205.50 BMO FINANCIAL GROUP 214366 COUNCIL MEETING DINNER Travel & Training 101-1001-60320 170.71 BMO FINANCIAL GROUP 214366 COUNCIL MEETING SNACKS & DRINKS Travel & Training 101-1001-60320 60.01 BMO FINANCIAL GROUP 214366 LUNCH MCMILLEN Travel & Training 101-1002-60320 19.23 BMO FINANCIAL GROUP 214366 CVAG ASSEMBLY MCMILLEN Travel & Training 101-1002-60320 51.50 BMO FINANCIAL GROUP 214366 SPECIAL JOINT MEETING DINNER Travel & Training 101-1004-60320 65.65 BMO FINANCIAL GROUP 214366 WATER FOR FIELD CREW Materials/Supplies 101-3008-60431 22.35 BMO FINANCIAL GROUP 214366 08/29-08/30/24 - CCAC WORKSHOP O.… Travel & Training 101-1005-60320 200.00 BMO FINANCIAL GROUP 214366 FY 24/25 CCAC MEMBERSHIP M.RADEVA Membership Dues 101-1005-60351 250.00 BMO FINANCIAL GROUP 214366 FY 24/25 CCAC MEMBERSHIP N.FUENTES Membership Dues 101-1005-60351 250.00 BMO FINANCIAL GROUP 214366 FY 24/25 CCAC MEMBERSHIP O.RODRI… Membership Dues 101-1005-60351 250.00 BMO FINANCIAL GROUP 214366 FY 24/25 CCAC MEMBERSHIP L.MCGINL… Membership Dues 101-1005-60351 250.00 BMO FINANCIAL GROUP 214366 FY 24/25 CCAC MEMBERSHIP O.MOJICA Membership Dues 101-1005-60351 250.00 BMO FINANCIAL GROUP 214366 AWARD FRAMES Office Supplies 101-1005-60400 96.83 BMO FINANCIAL GROUP 214366 NOTARY TRAINING & SUPPLIES Operating Supplies 101-1005-60420 689.37 CHARTER COMMUNICATIONS… 214371 06/29-07/28/24 - FS #32 INTERNET (649… Cable/Internet - Utilities 101-2002-61400 99.99 COACHELLA VALLEY ASSOC O… 214373 05/2024 - ARTS AND MUSIC LINE SHARE… Contributions to Other Agenc… 101-7006-60480 1,520.75 COACHELLA VALLEY WATER D… 214374 FY 23/24 CANAL WATER SERVICE PM 10 - Dust Control 101-7006-60146 28,471.77 COUNTY OF RIVERSIDE 214375 FY 24/25 LAFCO FEES Membership Dues 101-1002-60351 9,083.48 DEPARTMENT OF ANIMAL SE… 214376 05/2024 - ANIMAL SERVICES Animal Shelter Contract Servi… 101-6004-60197 28,923.65 DEPARTMENT OF JUSTICE 214377 06/2024 - BLOOD ALCOHOL ANALYSIS Blood/Alcohol Testing 101-2001-60174 70.00 DESERT RECREATION DISTRI… 214378 05/2024 - FB POOL OPERATIONS & PRO… Fritz Burns Pool Programming 101-3003-60184 76.68 DESERT RESORT MANAGEM… 214379 06/2024 - SECURITY PATROL SERVICES Professional Services 101-6004-60103 4,018.43 DESERT TREE SPRAYING 214380 FIREANT TREATMENT AT SRR EVENT PA… Maintenance/Services 101-3005-60691 350.00 FLORES, CHERI 214381 FY 23/24 ANNUAL WELLNESS DOLLARS … Annual Wellness Dollar Reim… 101-1004-50252 200.00 FROSTY'S AIR CONDITIONING… 214383 FS #32 ICE MACHINE MAINTENANCE Maintenance/Services 101-2002-60691 432.00 200 CLICK HERE to Return to Agenda
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7/29/2024 7:34:47 PM Page 3 of 6
Vendor Name Payment Number Description (Item) Account Name Account Number Amount GALLS LLC 214384 UNIFORM PANTS C.WOODS Uniforms 101-6004-60690 344.54 GALLS LLC 214384 CODE UNIFORMS Uniforms 101-6004-60690 87.00 GALLS LLC 214384 UNIFORM/BOOTS K.MEREDITH Uniforms 101-6004-60690 141.36 GHERA, EDWARD R 214385 FY 23/24 ANNUAL WELLNESS DOLLARS … Annual Wellness Dollar Reim… 101-1004-50252 200.00 JERNIGANS SPORTING GOOD… 214389 FY 24/25 SAFETY BOOTS L.REGALADO Safety Gear 101-3005-60427 184.86 KILEY & ASSOCIATES 214390 06/2024 - FEDERAL LOBBYIST SERVICES Contract Services - Administr… 101-1002-60101 3,500.00 LA PRENSA HISPANA 214391 07/11/24 - NOTICE OF ELECTION AD 20… Advertising 101-1005-60450 1,080.00 MAGALLON, ARMANDO 214392 FY 23/24 ANNUAL WELLNESS DOLLARS … Annual Wellness Dollar Reim… 101-1004-50252 191.92 MEREDITH, KEVIN 214393 FY 24/25 ANNUAL WELLNESS DOLLARS … Annual Wellness Dollar Reim… 101-1004-50252 200.00 MONTENEGRO, ALEXIS 214394 FY 23/24 ANNUAL WELLNESS DOLLARS … Annual Wellness Dollar Reim… 101-1004-50252 200.00 MOYA, DANIEL 214395 WEED ABATEMENT APN 777-062-017 Lot Cleaning/Gravel Program 101-6004-60120 600.00 OCEAN SPRINGS TECH INC 214397 06/2024 - FB POOL MONTHLY MAINTEN… Fritz Burns Pool Maintenance 101-3005-60184 6,082.00 OCEAN SPRINGS TECH INC 214397 07/2024 - FB POOL MONTHLY MAINTEN… Fritz Burns Pool Maintenance 101-3005-60184 6,386.00 PALMS TO PINES PRINTING 214399 ENVELOPES Printing 101-3007-60410 2,715.79 PROPER SOLUTIONS INC 214400 06/28/24 - TEMP AGENCY SERVICES R.I… Temporary Agency Services 101-1004-60125 1,707.60 RAMOS STEAM & PRESSURE… 214401 PW YARD SOLAR PANEL CLEANING Maintenance/Services 101-3008-60691 1,296.00 RIVERSIDE COUNTY SHERIFF … 214402 05/24-06/25/24 - MOTOR FUEL CHARGES Sheriff - Other 101-2001-60176 391.89 SANCHEZ, TOMMI 214404 FY 23/24 ANNUAL WELLNESS DOLLARS … Annual Wellness Dollar Reim… 101-1004-50252 200.00 SOUTHERN CALIFORNIA ASS… 214405 FY 24/25 MEMBERSHIP DUES ASSESSM… Membership Dues 101-1002-60351 5,483.00 SOUTHWEST BOULDER & ST… 214406 3 TO 5 FT BOULDERS Materials/Supplies 101-3005-60431 2,217.02 SOUTHWEST BOULDER & ST… 214406 3 TO 5 FT BOULDERS Materials/Supplies 101-3005-60431 2,012.55 SOUTHWEST BOULDER & ST… 214406 3 TO 5 FT BOULDERS Materials/Supplies 101-3005-60431 2,062.37 SOUTHWEST BOULDER & ST… 214406 3 TO 5 FT BOULDERS Materials/Supplies 101-3005-60431 1,961.86 STERICYCLE, INC 214407 05/24/24 - POLICE SHRED LQ Police Volunteers 101-2001-60109 19.25 TELLEZ, BENJAMIN 214408 FY 23/24 ANNUAL WELLNESS DOLLARS … Annual Wellness Dollar Reim… 101-1004-50252 200.00 TERRA NOVA PLANNING & R… 214409 05/01-06/30/24 - ONCALL PLANNING SE… Professional Services 101-6002-60103 4,505.18 TORRES WINDOW SOLUTION… 214411 SRR EVENT BUILDING DOOR UPGRADES Maintenance/Services 101-3008-60691 1,230.00 TORRES WINDOW SOLUTION… 214411 SRR EVENT BUILDING GLASS PANE INST… Maintenance/Services 101-3008-60691 3,050.00 VERIZON WIRELESS 214413 05/26-06/25/24 - LQPD CELLS (6852) Telephone - Utilities 101-2001-61300 889.42 VILLANUEVA, CELESTE 214415 FY24/25 ANNUAL WELLNESS DOLLARS R… Annual Wellness Dollar Reim… 101-1004-50252 200.00 VINTAGE ASSOCIATES 214416 CELLULAR CARD IRRIGATION IQ4 CIVIC … Materials/Supplies 101-3005-60431 2,300.00 VISIT GREATER PALM SPRINGS 214417 FY 24/25 Q1 CITY FUNDING VGPS - Visit Greater Palm Spr… 101-3007-60151 98,442.73 Fund 101 - GENERAL FUND Total: 260,292.50
Fund: 201 - GAS TAX FUND
BMO FINANCIAL GROUP 214366 CONCRETE ROTARY MIXER RENTAL Materials/Supplies 201-7003-60431 753.66 BMO FINANCIAL GROUP 214366 CONCRETE ROTARY MIXER DEPOSIT RE… Materials/Supplies 201-7003-60431 -440.00 BMO FINANCIAL GROUP 214366 CONCRETE ROTARY MIXER RENTAL DEP… Materials/Supplies 201-7003-60431 -440.00 BMO FINANCIAL GROUP 214366 CONCRETE ROTARY MIXER RENTAL Materials/Supplies 201-7003-60431 753.66 BMO FINANCIAL GROUP 214366 CONCRETE ROTARY MIXER RENTAL Materials/Supplies 201-7003-60431 753.66 BMO FINANCIAL GROUP 214366 CONCRETE ROTARY MIXER RENTAL DEP … Materials/Supplies 201-7003-60431 -440.00 GRAINGER 214387 SAFETY GEAR Safety Gear 201-7003-60427 1,971.10 GRAINGER 214387 SAFETY GLASSES Safety Gear 201-7003-60427 272.57 TOPS' N BARRICADES INC 214410 STREET SIGNS Traffic Control Signs 201-7003-60429 243.60 TOPS' N BARRICADES INC 214410 HANDICAP PARKING SIGNS Traffic Control Signs 201-7003-60429 104.40 UNDERGROUND SERVICE AL… 214412 07/01/24 - DIG ALERT SERVICES Materials/Supplies 201-7003-60431 81.75 Fund 201 - GAS TAX FUND Total: 3,614.40
Fund: 215 - LIGHTING & LANDSCAPING FUND
JERNIGANS SPORTING GOOD… 214389 FY 24/25 SAFETY BOOTS J.AGUIRRE Safety Gear 215-7004-60427 188.13 JERNIGANS SPORTING GOOD… 214389 FY 24/25 SAFETY BOOTS B.TELLEZ Safety Gear 215-7004-60427 173.99 VINTAGE ASSOCIATES 214416 SRR RETENTION BASIN CLEANUP Maintenance/Services 215-7004-60691 1,200.00 VINTAGE ASSOCIATES 214416 SRR RETENTION TREE REMOVALS Maintenance/Services 215-7004-60691 3,800.00 Fund 215 - LIGHTING & LANDSCAPING FUND Total: 5,362.12
Fund: 247 - ECONOMIC DEVELOPMENT FUND
BMO FINANCIAL GROUP 214366 FY 24/25 CALED MEMBERSHIP G.VILLAL… Membership Dues 247-0000-60351 800.00 BMO FINANCIAL GROUP 214366 10/16-10/18/24 LEAGUE OF CITIES CONF… Travel & Training 247-0000-60320 725.00 BMO FINANCIAL GROUP 214366 CVAG ASSEMBLY VILLALPANDO Travel & Training 247-0000-60320 51.75 IEDC 214388 07/01-12/31/24 - IEDC MEMBERSHIP G.… Marketing & Tourism Promot… 247-0000-60461 925.00 Fund 247 - ECONOMIC DEVELOPMENT FUND Total: 2,501.75
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Vendor Name Payment Number Description (Item) Account Name Account Number Amount Fund: 401 - CAPITAL IMPROVEMENT PROGRAMS
AMERICAN BUSINESS BANK 214362 04/2024 DUNE PALMS BRIDGE RETENTI… Retention Payable 401-0000-20600 49,526.71 AMERICAN BUSINESS BANK 214362 05/2024 DUNE PALMS BRIDGE RETENTI… Retention Payable 401-0000-20600 40,521.74 AMERICAN BUSINESS BANK 214362 06/2024 DUNE PALMS BRIDGE RETENTI… Retention Payable 401-0000-20600 77,522.66 NEXTECH SYSTEMS, INC. 214396 GREEN POLARA BULLDOG III PPB PURC… Construction 401-0000-60188 5,024.25 ORTIZ ENTERPRISES INC. 214398 05/2024 - DUNE PALMS BRIDGE PROGR… Retention Payable 401-0000-20600 -40,521.74 ORTIZ ENTERPRISES INC. 214398 05/2024 - DUNE PALMS BRIDGE PROGR… Construction 401-0000-60188 810,434.65 ORTIZ ENTERPRISES INC. 214398 WALTERS WHOLESALE ELECTRIC STOP P… Retention Payable 401-0000-20600 -14,257.05 ORTIZ ENTERPRISES INC. 214398 06/2024 - DUNE PALMS BRIDGE PROGR… Retention Payable 401-0000-20600 -77,522.66 ORTIZ ENTERPRISES INC. 214398 06/2024 - DUNE PALMS BRIDGE PROGR… Construction 401-0000-60188 1,550,453.24 Fund 401 - CAPITAL IMPROVEMENT PROGRAMS Total: 2,401,181.80 Fund: 501 - FACILITY & FLEET REPLACEMENT
BMO FINANCIAL GROUP 214366 UTILITY TRAILER 30SA-10BK4RG 16V1U… Machinery & Equipment 501-0000-80100 2,809.25 CHEVROLET CADILLAC 214372 LIGHT REPLACEMENT PART VIN N13313… Vehicle Repair & Maintenan… 501-0000-60676 241.04 S&D CARWASH MANAGEME… 214403 06/2024 - CAR WASH MEMBERSHIP Vehicle Repair & Maintenan… 501-0000-60676 779.61 Fund 501 - FACILITY & FLEET REPLACEMENT Total: 3,829.90 Fund: 502 - INFORMATION TECHNOLOGY
BMO FINANCIAL GROUP 214366 06/12/24-06/11/25 - ADOBE FOR CITY C… Software Licenses 502-0000-60301 19.99 BMO FINANCIAL GROUP 214366 06/28-07/28/24 - MOBILE DEVICE MAN… Software Licenses 502-0000-60301 324.00 BMO FINANCIAL GROUP 214366 FY 24/25 ADOBE HOMEBASE D. HANSEN Software Licenses 502-0000-60301 263.88 BMO FINANCIAL GROUP 214366 06/2024 - EMAIL MARKETING SOFTWARE Software Licenses 502-0000-60301 499.00 BMO FINANCIAL GROUP 214366 TELEPHONE ADAPTERS Machinery & Equipment 502-0000-80100 466.96 BMO FINANCIAL GROUP 214366 COMPUTER MONITORS Machinery & Equipment 502-0000-80100 732.72 BMO FINANCIAL GROUP 214366 TELEPHONE ADAPTER Machinery & Equipment 502-0000-80100 121.30 BMO FINANCIAL GROUP 214366 TELEPHONE ADAPTER Machinery & Equipment 502-0000-80100 121.30 BMO FINANCIAL GROUP 214366 STORAGE CABINET FOR IT ROOM Machinery & Equipment 502-0000-80100 1,276.72 BMO FINANCIAL GROUP 214366 TV Machinery & Equipment 502-0000-80100 1,358.85 BMO FINANCIAL GROUP 214366 MRKTG CAMERA EQUIP OSMO POCKET 3 Machinery & Equipment 502-0000-80100 737.33 BMO FINANCIAL GROUP 214366 MRKTG VIDEO EQUIP BATTERY GRIP BL… Machinery & Equipment 502-0000-80100 162.04 BMO FINANCIAL GROUP 214366 MRKTG VIDEO EQUIP BLCKMAGIC 6K P… Machinery & Equipment 502-0000-80100 2,793.80 BMO FINANCIAL GROUP 214366 MRKTG VIDEO EQUIP STORAGE CARDS Machinery & Equipment 502-0000-80100 42.42 CHARTER COMMUNICATIONS… 214371 06/24-07/23/24 - WC CABLE (4601) Cable/Internet - Utilities 502-0000-61400 286.78 FRONTIER COMMUNICATIO… 214382 06/25-07/24/24 - CH INTERNET Cable/Internet - Utilities 502-0000-61400 97.98 FRONTIER COMMUNICATIO… 214382 06/27-07/26/24 - CH INTERNET Cable/Internet - Utilities 502-0000-61400 96.47 GOVINVEST, INC 214386 6/29/24-6/28/25 COSTING/FORECASTI… Software Licenses 502-0000-60301 25,500.00 VERMONT SYSTEMS INC 214414 SOFTWARE LIC.aGREEMENT VERMONT … Software Licenses 502-0000-60301 1,200.00 VERMONT SYSTEMS INC 214414 SOFTWARE LIC. VERMONT SYSTEMS WE… Software Licenses 502-0000-60301 7,324.70 Fund 502 - INFORMATION TECHNOLOGY Total: 43,426.24
Fund: 504 - INSURANCE FUND
ALLIANT INSURANCE SERVIC… 214360 07/01/24-07/01/25 CRIME INSURANCE Crime Insurance 504-1010-60446 1,800.00 CALIFORNIA JOINT POWERS … 214370 FY 24/25 LIABILITY INSURANCE Liability Insurance 504-1010-60441 379,413.00 CALIFORNIA JOINT POWERS … 214370 FY 24/25 WORKERS COMP INSURANCE Workers Comp Premium 504-1010-60452 225,876.00 CALIFORNIA JOINT POWERS … 214370 07/1/24-07/1/25 - PROPERTY INSURAN… Property Insurance 504-1010-60443 151,865.00 CALIFORNIA JOINT POWERS … 214370 7/1/24-7/1/25 MECHANICAL INSURANC… Property Insurance 504-1010-60443 3,539.00 CALIFORNIA JOINT POWERS … 214370 7/1/24-7/1/25 VEHICLES INSURANCE PR… Property Insurance 504-1010-60443 16,742.00 CALIFORNIA JOINT POWERS … 214370 7/1/24-7/1/25 - ADMIN FEE & APPRAISA… Property Insurance 504-1010-60443 15,148.00 CALIFORNIA JOINT POWERS … 214370 REFUND FOR MID-YEAR CHANGES Property Insurance 504-1010-60443 -338.00 CALIFORNIA JOINT POWERS … 214370 7/1/24-7/1/25 EARTHQUAKE/FLOOD IN… Earthquake Insurance 504-1010-60447 242,000.00 Fund 504 - INSURANCE FUND Total: 1,036,045.00
Grand Total: 3,756,253.71
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Fund Summary
Fund Expense Amount
101 - GENERAL FUND 260,292.50
201 - GAS TAX FUND 3,614.40
215 - LIGHTING & LANDSCAPING FUND 5,362.12
247 - ECONOMIC DEVELOPMENT FUND 2,501.75
401 - CAPITAL IMPROVEMENT PROGRAMS 2,401,181.80
501 - FACILITY & FLEET REPLACEMENT 3,829.90
502 - INFORMATION TECHNOLOGY 43,426.24
504 - INSURANCE FUND 1,036,045.00
Grand Total: 3,756,253.71
Account Summary
Account Number Account Name Expense Amount
101-0000-13600 Prepaid Expense 1,411.34
101-0000-20304 Sales Taxes Payable -156.09
101-0000-22810 Developer Deposits 6,900.00
101-1001-60320 Travel & Training 4,886.65
101-1002-60101 Contract Services - Admi… 3,500.00
101-1002-60320 Travel & Training 720.73
101-1002-60351 Membership Dues 14,566.48
101-1004-50252 Annual Wellness Dollar … 1,981.90
101-1004-60125 Temporary Agency Servi… 1,707.60
101-1004-60129 Recruiting/Pre-Employm… 562.61
101-1004-60320 Travel & Training 809.38
101-1004-60340 Employee Recognition E… 3,609.72
101-1005-60320 Travel & Training 200.00
101-1005-60351 Membership Dues 1,250.00
101-1005-60400 Office Supplies 250.60
101-1005-60420 Operating Supplies 689.37
101-1005-60450 Advertising 1,080.00
101-1006-60320 Travel & Training 1,666.52
101-1006-60351 Membership Dues 675.00
101-1006-60400 Office Supplies 12.96
101-1007-60403 Citywide Supplies 121.54
101-2001-60109 LQ Police Volunteers 86.49
101-2001-60174 Blood/Alcohol Testing 70.00
101-2001-60176 Sheriff - Other 391.89
101-2001-60420 Operating Supplies 20.64
101-2001-61300 Telephone - Utilities 889.42
101-2002-60110 Volunteers - Fire 1,082.07
101-2002-60351 Membership Dues 705.66
101-2002-60431 Materials/Supplies 528.50
101-2002-60691 Maintenance/Services 432.00
101-2002-61400 Cable/Internet - Utilities 99.99
101-3002-60420 Operating Supplies 81.55
101-3003-60184 Fritz Burns Pool Progra… 76.68
101-3005-60184 Fritz Burns Pool Mainten… 12,607.17
101-3005-60320 Travel & Training 1,900.00
101-3005-60427 Safety Gear 184.86
101-3005-60431 Materials/Supplies 10,553.80
101-3005-60691 Maintenance/Services 350.00
101-3007-60151 VGPS - Visit Greater Palm… 98,442.73
101-3007-60320 Travel & Training 1,461.68
101-3007-60351 Membership Dues 1,516.11
101-3007-60410 Printing 2,715.79
101-3008-60196 Annual Permits/Inspecti… 1,668.00
101-3008-60427 Safety Gear 85.13
101-3008-60431 Materials/Supplies 2,128.88
101-3008-60691 Maintenance/Services 5,576.00
101-6001-60320 Travel & Training 317.21
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Account Summary
Account Number Account Name Expense Amount
101-6001-60351 Membership Dues 150.00
101-6001-60420 Operating Supplies 254.45
101-6002-60103 Professional Services 4,505.18
101-6002-60351 Membership Dues 300.00
101-6004-60103 Professional Services 4,018.43
101-6004-60120 Lot Cleaning/Gravel Prog… 600.00
101-6004-60197 Animal Shelter Contract … 28,923.65
101-6004-60400 Office Supplies 41.19
101-6004-60690 Uniforms 572.90
101-6006-60420 Operating Supplies 51.10
101-7001-60320 Travel & Training 299.00
101-7006-60146 PM 10 - Dust Control 28,637.29
101-7006-60480 Contributions to Other A… 1,520.75
201-7003-60427 Safety Gear 2,243.67
201-7003-60429 Traffic Control Signs 348.00
201-7003-60431 Materials/Supplies 1,022.73
215-7004-60427 Safety Gear 362.12
215-7004-60691 Maintenance/Services 5,000.00
247-0000-60320 Travel & Training 776.75
247-0000-60351 Membership Dues 800.00
247-0000-60461 Marketing & Tourism Pr… 925.00
401-0000-20600 Retention Payable 35,269.66
401-0000-60188 Construction 2,365,912.14
501-0000-60676 Vehicle Repair & Maint… 1,020.65
501-0000-80100 Machinery & Equipment 2,809.25
502-0000-60301 Software Licenses 35,131.57
502-0000-61400 Cable/Internet - Utilities 481.23
502-0000-80100 Machinery & Equipment 7,813.44
504-1010-60441 Liability Insurance 379,413.00
504-1010-60443 Property Insurance 186,956.00
504-1010-60446 Crime Insurance 1,800.00
504-1010-60447 Earthquake Insurance 242,000.00
504-1010-60452 Workers Comp Premium 225,876.00
Grand Total: 3,756,253.71
Project Account Summary
Project Account Key Project Account Name Project Name Expense Amount **None** **None** **None** 1,342,551.18
111205CT Construction Expense Dune Palms Bridge Imp/BRLKS-5433(014)2,360,887.89 111205RP Retention Payable Dune Palms Bridge Imp/BRLKS-5433(014) 35,269.66 13-005E ALTA VERDE BLDRS EXP ALTA VERDE BUILDERS INC 6,900.00 202008CB Contribution Expense Avenue 48 Art and Music Line Project 1,520.75 2324TMICT Construction Expense FY23/24 Traffic Maintenance Improvements 5,024.25 GOLFE Golf Tour Expense Golf Tour 81.55
STVRE Short Term Vacation Rental Expen… Short Term Vacation Rental Tracking 4,018.43 Grand Total: 3,756,253.71
*Project codes are generally used to track Capital Improvement Program (CIP) projects, other large public works projects, developer deposits, or city-wide events. Normal operational expenditures are not project coded and, therefore, will report as "none" in this section.
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Demand Register
City of La Quinta Packet: APPKT03867 - 07/19/2024 JB
Vendor Name Payment Number Description (Item) Account Name Account Number Amount Fund: 101 - GENERAL FUND
JENSEN, SHARLA W 157 1 DAY SESSION CLASSES Instructors 101-3002-60107 144.00 JENSEN, SHARLA W 157 PERSONAL TRAINING 3 SESSIONS CLASS Instructors 101-3002-60107 132.00 JENSEN, SHARLA W 157 PERSONAL TRAINING 6 SESSIONS CLASS… Instructors 101-3002-60107 792.00 CHARTER COMMUNICATIONS… 214420 07/05-08/04/24 - FS #32 CABLE/INTERN… Cable/Internet - Utilities 101-2002-61400 10.56 CHARTER COMMUNICATIONS… 214420 06/24-07/23/24 - FS #93 CABLE (2415) Cable/Internet - Utilities 101-2002-61400 120.66 CHARTER COMMUNICATIONS… 214420 07/03-08/02/24 - FS #93 INTERNET (351… Cable/Internet - Utilities 101-2002-61400 99.99 COACHELLA VALLEY ASSOC O… 214422 05/2024 - ARTS AND MUSIC LINE SHARE… Contributions to Other Agenc… 101-7006-60480 71.81 COACHELLA VALLEY ASSOC O… 214422 05/2024 - ARTS AND MUSIC LINE SHARE… Contributions to Other Agenc… 101-7006-60480 5,987.22 COACHELLA VALLEY WATER D… 214423 WATER SERVICE Water -Pioneer Park - Utilities 101-3005-61207 965.70 COACHELLA VALLEY WATER D… 214423 WATER SERVICE PM 10 - Dust Control 101-7006-60146 161.90 DATA TICKET, INC. 214425 04/2024 - POLICE CITATION PROCESSING Administrative Citation Servi… 101-6004-60111 210.30 DATA TICKET, INC. 214425 05/2024 - POLICE CITATION PROCESSING Administrative Citation Servi… 101-6004-60111 371.69 DATA TICKET, INC. 214425 06/2024 - POLICE CITATION PROCESSING Administrative Citation Servi… 101-6004-60111 486.81 DESERT CONCEPTS CONSTR… 214427 06/17-06/28/24 - LQ PARK PLAYGROUN… Maintenance/Services 101-3005-60691 5,000.00 DESERT FIRE EXTINGUISHER … 214429 PW YARD FIRE EXTINGUISHERS MAINTE… Annual Permits/Inspections 101-3008-60196 220.66 DESERT FIRE EXTINGUISHER … 214429 CITY BUILDINGS FIRE EXTINGUISHERS M… Annual Permits/Inspections 101-3008-60196 1,142.41 DESERT RECREATION DISTRI… 214430 06/2024 - FB POOL OPERATIONS & PRO… Fritz Burns Pool Programming 101-3003-60184 7,120.35 FIRST CHOICE A/C & HEATING… 214431 FS #32 HVAC MAINTENANCE Maintenance/Services 101-2002-60691 275.00 FRONTIER COMMUNICATIO… 214432 06/26-07/25/24 - POLICE INTERNET Cable/Internet - Utilities 101-2001-61400 536.20 FRONTIER COMMUNICATIO… 214432 07/2024 - LQ PARK PHONE Telephone - Utilities 101-3005-61300 49.12 FRONTIER COMMUNICATIO… 214432 06/28-07/27/24 - SPORTS COMPLEX PH… Telephone - Utilities 101-3005-61300 53.56 GALLS LLC 214433 BOOTS FOR C.WOODS Uniforms 101-6004-60690 141.32 GANNETT CALIFORNIA LOCAL… 214434 ANNUAL B&C ADVERTISEMENT Advertising 101-1005-60450 1,102.30 GANNETT CALIFORNIA LOCAL… 214434 PC PHN - CALLE ESTADO Advertising 101-6002-60450 301.84 GANNETT CALIFORNIA LOCAL… 214434 NOI JEFFERSON SQUARE Advertising 101-6002-60450 306.75 GANNETT CALIFORNIA LOCAL… 214434 PC PHN - MUNOZ BARN Advertising 101-6002-60450 306.75 GANNETT CALIFORNIA LOCAL… 214434 PC PHN - TRAVERTINE Advertising 101-6002-60450 301.84 GARDAWORLD 214435 07/2024 - ARMORED SERVICES Professional Services 101-1006-60103 323.73 GRAINGER 214436 GENERATOR FOR CONCRETE CUTTING T… Tools/Equipment 101-7003-60432 2,381.27 GRAINGER 214436 CONCRETE REPAIR COMPOUND Operating Supplies 101-7003-60420 368.14 GRAINGER 214436 EAR PLUGS & HYDRATION SUPPLIES Operating Supplies 101-7003-60420 172.76 IMPERIAL IRRIGATION DIST 214439 ELECTRICITY SERVICE Electric - Monticello Park - Uti… 101-3005-61102 13.62 IMPERIAL IRRIGATION DIST 214439 ELECTRICITY SERVICE Electric - Colonel Paige - Utilit… 101-3005-61108 12.34 IMPERIAL IRRIGATION DIST 214439 ELECTRICITY SERVICE Electric - Community Park - U… 101-3005-61109 7,076.61 IMPERIAL IRRIGATION DIST 214439 ELECTRICITY SERVICE Electric - Adams Park - Utiliti… 101-3005-61110 37.55 IMPERIAL IRRIGATION DIST 214439 ELECTRICITY SERVICE Electric - Desert Pride - Utiliti… 101-3005-61114 13.78 IMPERIAL IRRIGATION DIST 214439 ELECTRICITY SERVICE Electricity - Utilities 101-3008-61101 20,113.55 INTERWEST CONSULTING G… 214440 04/2024 - ONCALL BUILDING & SAFETY … Plan Checks 101-6003-60118 86.25 INTERWEST CONSULTING G… 214440 04/2024 - ONCALL BUILDING & SAFETY … Plan Checks 101-6003-60118 270.00 INTERWEST CONSULTING G… 214440 05/2024 - ONCALL BUILDING & SAFETY … Plan Checks 101-6003-60118 625.00 INTERWEST CONSULTING G… 214440 05/2024 - ONCALL BUILDING & SAFETY … Plan Checks 101-6003-60118 607.50 INTERWEST CONSULTING G… 214440 05/2024 - ONCALL BUILDING & SAFETY … Plan Checks 101-6003-60118 540.00 INTERWEST CONSULTING G… 214440 05/2024 - ONCALL BUILDING & SAFETY … Plan Checks 101-6003-60118 877.50 INTERWEST CONSULTING G… 214440 05/2024 - ONCALL BUILDING & SAFETY … Plan Checks 101-6003-60118 135.00 INTERWEST CONSULTING G… 214440 05/2024 - ONCALL BUILDING & SAFETY … Plan Checks 101-6003-60118 230.00 INTERWEST CONSULTING G… 214440 05/2024 - ONCALL BUILDING & SAFETY … Plan Checks 101-6003-60118 337.50 INTERWEST CONSULTING G… 214440 05/2024 - ONCALL BUILDING & SAFETY … Plan Checks 101-6003-60118 202.50 INTERWEST CONSULTING G… 214440 05/2024 - ONCALL BUILDING & SAFETY … Plan Checks 101-6003-60118 115.00 INTERWEST CONSULTING G… 214440 05/2024 - ONCALL BUILDING & SAFETY … Plan Checks 101-6003-60118 540.00 INTERWEST CONSULTING G… 214440 05/2024 - ONCALL BUILDING & SAFETY … Plan Checks 101-6003-60118 202.50 INTERWEST CONSULTING G… 214440 05/2024 - ONCALL BUILDING & SAFETY … Plan Checks 101-6003-60118 202.50 INTERWEST CONSULTING G… 214440 05/2024 - ONCALL BUILDING & SAFETY … Plan Checks 101-6003-60118 172.50 INTERWEST CONSULTING G… 214440 05/2024 - ONCALL BUILDING & SAFETY … Plan Checks 101-6003-60118 452.50 205 CLICK HERE to Return to Agenda
Demand Register Packet: APPKT03867 - 07/19/2024 JB
7/29/2024 7:33:16 PM Page 2 of 7
Vendor Name Payment Number Description (Item) Account Name Account Number Amount INTERWEST CONSULTING G… 214440 05/2024 - ONCALL BUILDING & SAFETY … Plan Checks 101-6003-60118 143.75 INTERWEST CONSULTING G… 214440 05/2024 - ONCALL BUILDING & SAFETY … Plan Checks 101-6003-60118 67.50 INTERWEST CONSULTING G… 214440 05/2024 - ONCALL BUILDING & SAFETY … Plan Checks 101-6003-60118 540.00 INTERWEST CONSULTING G… 214440 05/2024 - ONCALL BUILDING & SAFETY … Plan Checks 101-6003-60118 540.00 INTERWEST CONSULTING G… 214440 05/2024 - ONCALL BUILDING & SAFETY … Plan Checks 101-6003-60118 101.25 KONE INC 214441 07/01-09/30/24 - CH ELEVATOR MAINT… Maintenance/Services 101-3008-60691 710.19 KOOLFOG, INC 214442 FB POOL MIST COOLING SYSTEM PUMP Fritz Burns Pool Maintenance 101-3005-60184 3,355.48 MOWERS PLUS INC 214445 EQUIPMENT MAINTENANCE SUPPLIES Tools/Equipment 101-7003-60432 49.48 MOWERS PLUS INC 214445 POLE PRUNER CUTTER Tools/Equipment 101-7003-60432 325.59 MOWERS PLUS INC 214445 CONCRETE SAW Tools/Equipment 101-7003-60432 1,939.49 MOYA, DANIEL 214446 WEED ABATEMENT APN 774-141-005 Lot Cleaning/Gravel Program 101-6004-60120 700.00 NAI CONSULTING INC 214447 06/2024 CAPITAL IMPROVEMENT PLAN Consultants 101-7006-60104 1,050.00 NAI CONSULTING INC 214447 06/2024 DBE(9B)/QAP/ADA CALTRANS … Consultants 101-7006-60104 62.50 OCEAN SPRINGS TECH INC 214448 FB POOL HANDRAIL COVER REPLACEME… Fritz Burns Pool Maintenance 101-3005-60184 199.37 ODP BUSINESS SOLUTIONS, L… 214449 OFFICE SUPPLIES Office Supplies 101-6004-60400 57.21 ODP BUSINESS SOLUTIONS, L… 214449 RETURN SUPPLIES Office Supplies 101-1006-60400 -31.31 ODP BUSINESS SOLUTIONS, L… 214449 KEYBOARDS & MOUSE Office Supplies 101-1005-60400 99.54 ODP BUSINESS SOLUTIONS, L… 214449 OFFICE SUPPLIES Office Supplies 101-1006-60400 75.71 PAX FITNESS REPAIR 214450 WC GYM EQUIPMENT REPLACEMENT P… Operating Supplies 101-3002-60420 1,099.39 PROPER SOLUTIONS INC 214452 07/05/24 - TEMP AGENCY SERVICES R.I… Temporary Agency Services 101-1004-60125 1,366.08 QUINN COMPANY 214453 BATTERIES FOR CH EQUIPMENT Machinery & Equipment 101-2002-80101 610.29 QUINN COMPANY 214453 BATTERY FOR WC EQUIPMENT Machinery & Equipment 101-2002-80101 414.51 QUINN COMPANY 214453 WC GENERATOR MAINTENANCE Machinery & Equipment 101-2002-80101 395.56 QUINN COMPANY 214453 FS #32 GENERATOR MAINTENANCE Machinery & Equipment 101-2002-80101 395.56 QUINN COMPANY 214453 FS #70 GENERATOR MAINTENANCE Machinery & Equipment 101-2002-80101 395.56 QUINN COMPANY 214453 FS #93 GENERATOR MAINTENANCE Machinery & Equipment 101-2002-80101 395.56 QUINN COMPANY 214453 YMCA GENERATOR MAINTENANCE Machinery & Equipment 101-2002-80101 395.56 QUINN COMPANY 214453 CH GENERATOR MAINTENANCE Machinery & Equipment 101-2002-80101 395.56 QUINN COMPANY 214453 CH GENERATOR REPAIRS Machinery & Equipment 101-2002-80101 1,445.70 SHIRY, TERESA 214454 BALLROOM BEGINNING CLASS Instructors 101-3002-60107 70.00 SHIRY, TERESA 214454 BALLROOM BEGINNING DI CLASSES Instructors 101-3002-60107 115.50 SMITH PIPE & SUPPLY CO 214455 IRRIGATION PARTS Materials/Supplies 101-3005-60431 424.05 SOCAL LIGHTING PROS 214456 HOLIDAY TREE INSTALLATION & STORA… Community Experiences 101-3003-60149 2,292.92 SPARKLETTS 214457 06/12/24 & 06/26/24 - DRINKING WATER Operating Supplies 101-7003-60420 301.26 STAPLES ADVANTAGE 214459 OFFICE SUPPLIES Office Supplies 101-3001-60400 31.72 STAPLES ADVANTAGE 214459 CITYWIDE CUPS Citywide Supplies 101-1007-60403 68.18 STAPLES ADVANTAGE 214459 POST-IT FLAGS Office Supplies 101-6004-60400 35.53 STATE CONTROLLER'S OFFICE 214460 FY 23/24 FTB OFFSETS Administrative Citation Servi… 101-6004-60111 84.59 SUNLINE TRANSIT AGENCY 214461 06/2024 - SUNLINE PASSES Due to SunLine 101-0000-20305 51.00 SUNLINE TRANSIT AGENCY 214461 06/2024 - SUNLINE PASSES Miscellaneous Revenue 101-0000-42301 -3.75 THE LOCK SHOP, INC 214462 KEYS & KEY TAGS Materials/Supplies 101-3005-60431 388.44 THE LOCK SHOP, INC 214462 KEYS FOR PARK RESTROOMS Materials/Supplies 101-3008-60431 49.73 THE PRINTING PLACE 214463 RESIDENT CARD INFORMATION Operating Supplies 101-3002-60420 202.57 TPX COMMUNICATIONS 214466 06/23-07/22/24 - EOC PHONE LINE SERV… Telephone - Utilities 101-2002-61300 806.71 TRIPLETT, ALCADIA 214467 OFFICE SUPPLIES REIMB A.TRIPLETT Office Supplies 101-1004-60400 128.16 USA DRAIN AND PLUMBING… 214468 LQ PARK RESTROOM URINAL REPAIRS Maintenance/Services 101-3008-60691 913.00 VILLALPANDO, GILBERT 214470 FY23/24 ANNUAL WELLNESS DOLLARS R… Annual Wellness Dollar Reim… 101-1004-50252 200.00 VINTAGE E & S INC 214471 CIVIC PARK LIGHT FIXTURE REPAIRS Maintenance/Services 101-3005-60691 1,275.32 WILLIAMS, BILLEE 214472 PILATES CLASS Instructors 101-3002-60107 182.00 WILLIAMS, BILLEE 214472 YOGA FLOW CLASS Instructors 101-3002-60107 72.80 Fund 101 - GENERAL FUND Total: 87,507.15
Fund: 201 - GAS TAX FUND
CV PIPELINE CORP 214424 CLEAN BUTTERCUP RETENTION BASIN Storm Drains 201-7003-60672 1,957.50 NAI CONSULTING INC 214447 06/2024 HURRICANE HILARY EMERGEN… Road Improvements 201-7003-72111 2,800.00 THE SHERWIN-WILLIAMS CO. 214464 PAINT Materials/Supplies 201-7003-60431 27.80 TOPS' N BARRICADES INC 214465 TRAFFIC SIGNS Traffic Control Signs 201-7003-60429 1,027.14 ZUMAR INDUSTRIES INC 214473 STREET NAME SIGNS Traffic Control Signs 201-7003-60429 536.80 Fund 201 - GAS TAX FUND Total: 6,349.24
Fund: 202 - LIBRARY & MUSEUM FUND
DESERT FIRE EXTINGUISHER … 214429 LIBRARY FIRE EXTINGUISHERS MAINTEN… Fire Extinguisher Service 202-3004-60664 171.83 206 CLICK HERE to Return to Agenda
Demand Register Packet: APPKT03867 - 07/19/2024 JB
7/29/2024 7:33:16 PM Page 3 of 7
Vendor Name Payment Number Description (Item) Account Name Account Number Amount KONE INC 214441 07/01-09/30/24 - MUSEUM ELEVATOR … Maintenance/Services 202-3006-60691 710.19 Fund 202 - LIBRARY & MUSEUM FUND Total: 882.02
Fund: 215 - LIGHTING & LANDSCAPING FUND
COACHELLA VALLEY WATER D… 214423 ELECTRICITY SERVICE Water - Medians - Utilities 215-7004-61211 405.44 DESERT ELECTRIC SUPPLY 214428 LED LIGHT BULBS (20) & LIGHT POSTS (1… Materials/Supplies 215-7004-60431 413.06 DESERT ELECTRIC SUPPLY 214428 LED LIGHT BULBS (100) Materials/Supplies 215-7004-60431 873.29 DESERT ELECTRIC SUPPLY 214428 LED LIGHT BULBS (15) Materials/Supplies 215-7004-60431 136.51 FRONTIER COMMUNICATIO… 214432 06/10-07/09/24 - PHONE SVC Electric - Utilities 215-7004-61116 42.24 GANNETT CALIFORNIA LOCAL… 214434 CITYWIDE LANDSCAPE MAINTENANCE S… Maintenance/Services 215-7004-60691 160.60 GANNETT CALIFORNIA LOCAL… 214434 PARK LANDSCAPE MAINTENANCE SERVI… Maintenance/Services 215-7004-60691 153.30 GANNETT CALIFORNIA LOCAL… 214434 SRR LANDSCAPE MAINTENANCE SERVIC… Maintenance/Services 215-7004-60691 153.30 GANNETT CALIFORNIA LOCAL… 214434 SRR LANDSCAPE MAINTENANCE SERVIC… Maintenance/Services 215-7004-60691 6,935.00 GANNETT CALIFORNIA LOCAL… 214434 L&L MAINTENANCE SERVICES AD Maintenance/Services 215-7004-60691 160.60 GANNETT CALIFORNIA LOCAL… 214434 CREDIT ADJUSTMENT ORDER # 10038931 Maintenance/Services 215-7004-60691 -3,467.50 GANNETT CALIFORNIA LOCAL… 214434 CREDIT ADJUSTMENT ORDER # 10038931 Maintenance/Services 215-7004-60691 -3,467.50 IMPERIAL IRRIGATION DIST 214439 ELECTRICITY SERVICE Electric - Utilities 215-7004-61116 2,897.67 IMPERIAL IRRIGATION DIST 214439 ELECTRICITY SERVICE Electric - Medians - Utilities 215-7004-61117 892.62 IMPERIAL IRRIGATION DIST 214439 ELECTRICITY SERVICE Electric - Utilities 215-7004-61116 149.31 IMPERIAL IRRIGATION DIST 214439 ELECTRICITY SERVICE Electric - Utilities 215-7004-61116 950.66 LANDMARK GOLF MANAGE… 214443 06/2024 - SRR PERIMETER LANDSCAPE … SilverRock Way Landscape 215-7004-60143 5,320.00 MACIAS NURSERY, INC. 214444 PLANTS Materials/Supplies 215-7004-60431 2,614.08 VINTAGE E & S INC 214471 7/5-7/4/24 - RESTORE POWER TO IRRIG… Maintenance/Services 215-7004-60691 1,012.98 VINTAGE E & S INC 214471 EISENHOWER STREET MEDIAN LIGHTING… Maintenance/Services 215-7004-60691 6,973.05 VINTAGE E & S INC 214471 ROUNDABOUT LIGHT POLE REPAIRS Maintenance/Services 215-7004-60691 1,511.36 Fund 215 - LIGHTING & LANDSCAPING FUND Total: 24,820.07 Fund: 241 - HOUSING AUTHORITY
VINTAGE E & S INC 214471 7/5/24 - DUNE PALMS MOBILE PARK FU… Building/Site Improvements 241-9104-72110 506.49 VINTAGE E & S INC 214471 DUNE PALMS MOBILE PARK FUSES REPL… Building/Site Improvements 241-9104-72110 7,009.24 Fund 241 - HOUSING AUTHORITY Total: 7,515.73
Fund: 401 - CAPITAL IMPROVEMENT PROGRAMS
AMERICAN ASPHALT SOUTH … 214419 06/2024 PMP SLURRY SEAL IMPROVEM… Retention Payable 401-0000-20600 -53,627.91 AMERICAN ASPHALT SOUTH … 214419 06/2024 PMP SLURRY SEAL IMPROVEM… Construction 401-0000-60188 1,072,558.18 GANNETT CALIFORNIA LOCAL… 214434 PAVEMENT MANAGEMENT PLAN BID AD Construction 401-0000-60188 1,985.60 GANNETT CALIFORNIA LOCAL… 214434 DUNE PALMS RD PAVEMENT REHAB BID… Construction 401-0000-60188 1,941.80 NAI CONSULTING INC 214447 06/2024 FRITZ BURN PARK IMPROVEM… Professional Services 401-0000-60103 725.00 NAI CONSULTING INC 214447 06/2024 CORPORATE YARD Professional Services 401-0000-60103 187.50 NAI CONSULTING INC 214447 06/2024 CIVIC CENTER CAMPUS LAKE I… Professional Services 401-0000-60103 112.50 NAI CONSULTING INC 214447 06/2024 DUNE PALMS BRIDGE Professional Services 401-0000-60103 2,487.50 NAI CONSULTING INC 214447 06/2024 AVE 50 WIDENING IMPROVEM… Professional Services 401-0000-60103 37.50 NAI CONSULTING INC 214447 06/2024 DUNE PALMS ROAD PAVEMENT… Professional Services 401-0000-60103 525.00 NAI CONSULTING INC 214447 06/2024 PAVEMENT MANAGEMENT PL… Professional Services 401-0000-60103 2,475.00 NAI CONSULTING INC 214447 06/2024 BPMP BRIDGE PREVENATIVE … Professional Services 401-0000-60103 725.00 NAI CONSULTING INC 214447 06/2024 PAVEMENT MANAGEMENT PL… Professional Services 401-0000-60103 150.00 NAI CONSULTING INC 214447 06/2024 AVE 48 ART AND MUSIC LINE Professional Services 401-0000-60103 350.00 NAI CONSULTING INC 214447 06/2024 SPORTS COMPLEX LIGHTING R… Professional Services 401-0000-60103 350.00 NAI CONSULTING INC 214447 06/2024 COVE TRAILS PARKING LOT IM… Professional Services 401-0000-60103 700.00 NAI CONSULTING INC 214447 06/2024 HWY 111 REHABILITATION Professional Services 401-0000-60103 2,590.00 NAI CONSULTING INC 214447 06/2024 HIGHWAY 111 CORRIDOR Professional Services 401-0000-60103 987.50 NAI CONSULTING INC 214447 06/2024 LQ LANDSCAPE IMPROVEMENTS Professional Services 401-0000-60103 1,337.50 NAI CONSULTING INC 214447 06/2024 AVE 50 BRIDGE Professional Services 401-0000-60103 2,137.50 NAI CONSULTING INC 214447 06/2024 VILLAGE ART/CULTURAL PLAZA Professional Services 401-0000-60103 925.00 NAI CONSULTING INC 214447 06/2024 - PAVEMENT MANAGEMENT P… Professional Services 401-0000-60103 10,552.50 NAI CONSULTING INC 214447 06/2024 SILVERROCK ART PEDISTALS Technical 401-0000-60108 37.50 PLANIT REPROGRAPHICS SYS… 214451 DUNE PALMS PAVEMENT REHAB CONS… Construction 401-0000-60188 274.19 ST. FRANCIS ELECTRIC, LLC 214458 06/2024 - ONCALL TRAFFIC SIGNAL MAI… Construction 401-0000-60188 1,522.00 ST. FRANCIS ELECTRIC, LLC 214458 06/2024 - ONCALL TRAFFIC SIGNAL MAI… Construction 401-0000-60188 7,343.97 ST. FRANCIS ELECTRIC, LLC 214458 06/2024 - ONCALL TRAFFIC SIGNAL MAI… Construction 401-0000-60188 7,343.97 ST. FRANCIS ELECTRIC, LLC 214458 06/2024 - ONCALL TRAFFIC SIGNAL MAI… Construction 401-0000-60188 4,831.99 207 CLICK HERE to Return to Agenda
Demand Register Packet: APPKT03867 - 07/19/2024 JB
7/29/2024 7:33:16 PM Page 4 of 7
Vendor Name Payment Number Description (Item) Account Name Account Number Amount ST. FRANCIS ELECTRIC, LLC 214458 06/2024 - ONCALL TRAFFIC SIGNAL MAI… Construction 401-0000-60188 4,831.99 Fund 401 - CAPITAL IMPROVEMENT PROGRAMS Total: 1,076,398.28 Fund: 501 - FACILITY & FLEET REPLACEMENT
CHEVROLET CADILLAC 214421 2021 GMC YUKON VIN R326641 OIL CH… Vehicle Repair & Maintenan… 501-0000-60676 106.29 DESERT FIRE EXTINGUISHER … 214429 CITY VEHICLES FIRE EXTINGUISHERS MA… Vehicle Repair & Maintenan… 501-0000-60676 1,453.14 HILARIO, BENJAMIN 214437 VEHICLE WASHES Vehicle Repair & Maintenan… 501-0000-60676 410.00 NAI CONSULTING INC 214447 06/2024 CITY HALL ROOF REPAIR City Bldg Repl/Repair 501-0000-71103 512.50 Fund 501 - FACILITY & FLEET REPLACEMENT Total: 2,481.93 Fund: 502 - INFORMATION TECHNOLOGY
ACORN TECHNOLOGY SERVI… 214418 LAPTOP REPLACEMENT SVCS & HEXNO… Consultants 502-0000-60104 4,427.50 DELL MARKETING LP 214426 07/01/24-03/31/25 MICROSOFT OFFICE… Prepaid Expense 502-0000-13600 33,040.53 DELL MARKETING LP 214426 04/1-06/30/24 MICROSOFT OFFICE 365 … Software Licenses 502-0000-60301 11,013.51 HUMANITY 214438 07/10/24-07/09/25 - HUMANITY SUBSC… Software Licenses 502-0000-60301 1,467.75 TPX COMMUNICATIONS 214466 06/23-07/22/24 - PHONE LINE SERVICE Telephone - Utilities 502-0000-61300 3,076.33 VERIZON WIRELESS 214469 06/02-07/01/24 - CITY CELL SVC (5496) Cell/Mobile Phones 502-0000-61301 3,545.44 Fund 502 - INFORMATION TECHNOLOGY Total: 56,571.06
Fund: 601 - SILVERROCK RESORT
GARDAWORLD 214435 07/2024 - SRR ARMORED SERVICES Bank Fees 601-0000-60455 713.87 GARDAWORLD 214435 06/2024 - SRR ARMORED SVC EXCESS IT… Bank Fees 601-0000-60455 26.52 GARDAWORLD 214435 06/2024 - SRR ARMORED EXCHANGE SVC Bank Fees 601-0000-60455 104.01 Fund 601 - SILVERROCK RESORT Total: 844.40
Grand Total: 1,263,369.88
208 CLICK HERE to Return to Agenda
Demand Register Packet: APPKT03867 - 07/19/2024 JB
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Fund Summary
Fund Expense Amount
101 - GENERAL FUND 87,507.15
201 - GAS TAX FUND 6,349.24
202 - LIBRARY & MUSEUM FUND 882.02
215 - LIGHTING & LANDSCAPING FUND 24,820.07
241 - HOUSING AUTHORITY 7,515.73
401 - CAPITAL IMPROVEMENT PROGRAMS 1,076,398.28
501 - FACILITY & FLEET REPLACEMENT 2,481.93
502 - INFORMATION TECHNOLOGY 56,571.06
601 - SILVERROCK RESORT 844.40
Grand Total: 1,263,369.88
Account Summary
Account Number Account Name Expense Amount
101-0000-20305 Due to SunLine 51.00
101-0000-42301 Miscellaneous Revenue -3.75
101-1004-50252 Annual Wellness Dollar … 200.00
101-1004-60125 Temporary Agency Servi… 1,366.08
101-1004-60400 Office Supplies 128.16
101-1005-60400 Office Supplies 99.54
101-1005-60450 Advertising 1,102.30
101-1006-60103 Professional Services 323.73
101-1006-60400 Office Supplies 44.40
101-1007-60403 Citywide Supplies 68.18
101-2001-61400 Cable/Internet - Utilities 536.20
101-2002-60691 Maintenance/Services 275.00
101-2002-61300 Telephone - Utilities 806.71
101-2002-61400 Cable/Internet - Utilities 231.21
101-2002-80101 Machinery & Equipment 4,843.86
101-3001-60400 Office Supplies 31.72
101-3002-60107 Instructors 1,508.30
101-3002-60420 Operating Supplies 1,301.96
101-3003-60149 Community Experiences 2,292.92
101-3003-60184 Fritz Burns Pool Progra… 7,120.35
101-3005-60184 Fritz Burns Pool Mainten… 3,554.85
101-3005-60431 Materials/Supplies 812.49
101-3005-60691 Maintenance/Services 6,275.32
101-3005-61102 Electric - Monticello Park… 13.62
101-3005-61108 Electric - Colonel Paige -… 12.34
101-3005-61109 Electric - Community Par… 7,076.61
101-3005-61110 Electric - Adams Park - Ut… 37.55
101-3005-61114 Electric - Desert Pride - U… 13.78
101-3005-61207 Water -Pioneer Park - Uti… 965.70
101-3005-61300 Telephone - Utilities 102.68
101-3008-60196 Annual Permits/Inspecti… 1,363.07
101-3008-60431 Materials/Supplies 49.73
101-3008-60691 Maintenance/Services 1,623.19
101-3008-61101 Electricity - Utilities 20,113.55
101-6002-60450 Advertising 1,217.18
101-6003-60118 Plan Checks 6,988.75
101-6004-60111 Administrative Citation … 1,153.39
101-6004-60120 Lot Cleaning/Gravel Prog… 700.00
101-6004-60400 Office Supplies 92.74
101-6004-60690 Uniforms 141.32
101-7003-60420 Operating Supplies 842.16
101-7003-60432 Tools/Equipment 4,695.83
101-7006-60104 Consultants 1,112.50
101-7006-60146 PM 10 - Dust Control 161.90
101-7006-60480 Contributions to Other A… 6,059.03
201-7003-60429 Traffic Control Signs 1,563.94
209 CLICK HERE to Return to Agenda
Demand Register Packet: APPKT03867 - 07/19/2024 JB
7/29/2024 7:33:16 PM Page 6 of 7
Account Summary
Account Number Account Name Expense Amount
201-7003-60431 Materials/Supplies 27.80
201-7003-60672 Storm Drains 1,957.50
201-7003-72111 Road Improvements 2,800.00
202-3004-60664 Fire Extinguisher Service 171.83
202-3006-60691 Maintenance/Services 710.19
215-7004-60143 SilverRock Way Landsca… 5,320.00
215-7004-60431 Materials/Supplies 4,036.94
215-7004-60691 Maintenance/Services 10,125.19
215-7004-61116 Electric - Utilities 4,039.88
215-7004-61117 Electric - Medians - Utilit… 892.62
215-7004-61211 Water - Medians - Utiliti… 405.44
241-9104-72110 Building/Site Improvem… 7,515.73
401-0000-20600 Retention Payable -53,627.91
401-0000-60103 Professional Services 27,355.00
401-0000-60108 Technical 37.50
401-0000-60188 Construction 1,102,633.69
501-0000-60676 Vehicle Repair & Maint… 1,969.43
501-0000-71103 City Bldg Repl/Repair 512.50
502-0000-13600 Prepaid Expense 33,040.53
502-0000-60104 Consultants 4,427.50
502-0000-60301 Software Licenses 12,481.26
502-0000-61300 Telephone - Utilities 3,076.33
502-0000-61301 Cell/Mobile Phones 3,545.44
601-0000-60455 Bank Fees 844.40
Grand Total: 1,263,369.88
Project Account Summary
Project Account Key Project Account Name Project Name Expense Amount **None** **None** **None** 165,107.77
111205P Professional Expense Dune Palms Bridge Imp/BRLKS-5433(014) 2,487.50 201603P Professional Expense La Quinta Landscape Renovation Improvement1,337.50 201606P Professional Expense Civic Center Campus Lake/Irrigation Conv Improvmnt 112.50 201804E Landscape & Lighting Median Islan… Landscape & Lighting Median Island Improvements 2,614.08 201805P Professional Expense Corporate Yard Admin Offices & Crew Quarters187.50 201901P Professional Expense Village Art Plaza Promenade & Cultural Campus925.00 201902P Professional Expense Avenue 50 Bridge Spanning the Evacuation Channel 2,137.50 201905P Professional Expense Highway 111 Corridor Area Plan Implementation987.50 202008CB Contribution Expense Avenue 48 Art and Music Line Project 6,059.03 202008P Professional Expense Avenue 48 Art and Music Line Project 350.00 202101CT Construction Expense Dune Palms Rd Pavement Rehab-Fred Waring to Miles 2,215.99 202101P Professional Expense Dune Palms Rd Pavement Rehab-Fred Waring to Miles 525.00 202102P Professional Expense Fritz Burns Park Improvements 725.00 202204P Professional Expense Sports Complex Lighting Replacement 350.00 202205P Professional Expense Avenue 50 Widening Improvements (Jeff to Madison) 37.50 202216E General PW Maint - Desert Concep… General PW Maintenance - Desert Concepts 5,000.00 202225P Professional Expense Highway 111 Rehabilitation Project 2,590.00 202230P Professional Expense Cove Trails Parking Lot Improvements 700.00 202315P Professional Expense FY22/23 Pavement Management Plan 150.00 202316CT Construction Expense FY23/24 Pavement Management Plan 1,074,543.78 202316P Professional Expense FY23/24 Pavement Management Plan 2,475.00 202316RP Retention Payable FY23/24 Pavement Management Plan -53,627.91 202320P Cyclone Hilary Professional Expense Tropical Cyclone Hilary 2,800.00 202328E Citywide Landscape Maintenance … Citywide Landscape Maintenance Srvcs (L&L AD 89-1) 160.60 202329E Citywide Lighting Maintenance Srv… Citywide Lighting Maintenance Srvcs (L&L AD 89-1) 160.60 202330E Park Landscape Maintenance Servi… Park Landscape Maintenance Services 153.30 202331E SilverRock Landscape Maintenance… SilverRock Landscape Maintenance Services 153.30 202332P Professional Expense City Hall Roof Repair 512.50 202333P Professional Expense Bridge Preventative Maint Program 725.00 210 CLICK HERE to Return to Agenda
Demand Register Packet: APPKT03867 - 07/19/2024 JB
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Project Account Summary
Project Account Key Project Account Name Project Name Expense Amount 202334P Professional Expense SilverRock Art Pedestals 37.50 2324PMPP Professional Expense FY23/24 Pavement Management Plan 10,552.50 2324TMICT Construction Expense FY23/24 Traffic Maintenance Improvements25,873.92 CSA152E CSA 152 Expenses CSA 152 Project Tracking 1,957.50 TREEE Tree Lighting Ceremony Expense Tree Lighting Ceremony 2,292.92 Grand Total: 1,263,369.88
*Project codes are generally used to track Capital Improvement Program (CIP) projects, other large public works projects, developer deposits, or city-wide events. Normal operational expenditures are not project coded and, therefore, will report as "none" in this section.
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7/29/2024 6:52:56 PM Page 1 of 8
Demand Register
City of La Quinta Packet: APPKT03876 - 07/26/2024 JB
Vendor Name Payment Number Description (Item) Account Name Account Number Amount Fund: 101 - GENERAL FUND
RUTAN & TUCKER 158 999290 - REIMBURSEMENT MATTERS Developer Deposits 101-0000-22810 2,430.00 RUTAN & TUCKER 158 999290 - REIMBURSEMENT MATTERS Developer Deposits 101-0000-22810 486.00 RUTAN & TUCKER 158 999284 - GENERAL Attorney 101-1003-60153 12,852.50 RUTAN & TUCKER 158 999288 - RETAINER MATTER Attorney 101-1003-60153 13,200.00 RUTAN & TUCKER 158 999287 - CODE ENFORCEMENT Attorney 101-1003-60153 2,550.24 RUTAN & TUCKER 158 999285 - PERSONNEL Attorney 101-1003-60153 14,141.27 RUTAN & TUCKER 158 999289 - SRR RESORT Attorney 101-1003-60153 8,340.00 RUTAN & TUCKER 158 999291 - LQ VILLAGE APARTMENTS/GPA… Attorney 101-1003-60153 918.00 RUTAN & TUCKER 158 999286 - LITIGATION GENERAL Attorney/Litigation 101-1003-60154 1,830.00 RUTAN & TUCKER 158 999292 - SRR/CYPRESS POINT FINANCI… Attorney/Litigation 101-1003-60154 16,514.00 RUTAN & TUCKER 158 997562 - SURPLUS LAND DISPOSITIONS Attorney 101-1003-60153 81.00 RUTAN & TUCKER 158 997563 LQ VILLAGE APARTMENTS/GPA … Attorney 101-1003-60153 3,240.00 RUTAN & TUCKER 158 997560 SPHERE OF INFLUENCE MODIFI… Attorney 101-1003-60153 81.00 RUTAN & TUCKER 158 997559 POWER TO THE PEOPLES FOR J… Attorney 101-1003-60153 510.00 RUTAN & TUCKER 158 997552 - GENERAL Attorney 101-1003-60153 11,501.00 RUTAN & TUCKER 158 997553 - PERSONNEL GENERAL Attorney 101-1003-60153 3,969.00 RUTAN & TUCKER 158 997555 - CODE ENFORCEMENT Attorney 101-1003-60153 864.76 RUTAN & TUCKER 158 997557 - RETAINER MATTER Attorney 101-1003-60153 13,200.00 RUTAN & TUCKER 158 997558 - SRR RESORT Attorney 101-1003-60153 6,780.00 RUTAN & TUCKER 158 997554 LITIGATION GENERAL Attorney/Litigation 101-1003-60154 7,744.60 RUTAN & TUCKER 158 997561 CAMILLE BARBER ADMINISTRAT… Attorney/Litigation 101-1003-60154 1,026.00 RUTAN & TUCKER 158 998381 - CODE ENFORCEMENT Attorney 101-1003-60153 432.00 RUTAN & TUCKER 158 998385 - DUNE PALMS ROW Attorney 101-1003-60153 60.00 RUTAN & TUCKER 158 998388 - SURPLUS LAND DISPOSITIONS Attorney 101-1003-60153 1,569.00 RUTAN & TUCKER 158 998387 POWER TO THE PEOPLE FOR JPA… Attorney 101-1003-60153 2,430.00 RUTAN & TUCKER 158 998378 GENERAL Attorney 101-1003-60153 5,969.12 RUTAN & TUCKER 158 998386 - RESPONSES FOR PUBLIC RECO… Attorney 101-1003-60153 390.00 RUTAN & TUCKER 158 998384 - SRR RESORT Attorney 101-1003-60153 7,710.00 RUTAN & TUCKER 158 998379 - PERSONNEL Attorney 101-1003-60153 4,760.00 RUTAN & TUCKER 158 998383 - RETAINER MATTER Attorney 101-1003-60153 13,200.00 RUTAN & TUCKER 158 998380 - LITIGATION Attorney/Litigation 101-1003-60154 4,350.00 ALZHEIMERS COACHELLA VA… 214474 FY 23/24 COMMUNITY SERVICE GRANT Grants & Economic Develop… 101-3001-60510 500.00 BARBARA SINATRA CHILDREN… 214476 06/24/24 PHYSICAL EXAMS LA240780020 Sexual Assault Exam Fees 101-2001-60193 462.00 BERUMEN, ALFRED 214478 FY 23/24 ANNUAL WELLNESS DOLLARS … Annual Wellness Dollar Reim… 101-1004-50252 200.00 BRANDT, DOUGLAS M 214479 PERMIT REFUND PMER2024-0001 Digitization/Records Manag… 101-0000-42416 23.00 BRANDT, DOUGLAS M 214479 PERMIT REFUND PMER2024-0001 Public Works Dev. Plan Check… 101-0000-42810 2,197.00 BUREAU VERITAS NORTH A… 214480 ON-CALL BUILDING PLAN REVIEW Plan Checks 101-6003-60118 4,106.90 BUREAU VERITAS NORTH A… 214480 ON-CALL BUILDING PLAN REVIEW Plan Checks 101-6003-60118 3,468.75 CASC ENGINEERING & CONS… 214484 06/2023 - ONCALL STORMWATER INSPE… Professional Services 101-7002-60103 555.00 COACHELLA VALLEY ASSOC O… 214487 06/2024 - ARTS AND MUSIC LINE SHARE… Contributions to Other Agenc… 101-7006-60480 1,842.71 COACHELLA VALLEY CONSER… 214488 06/2024 - MSHCP FEES MSHCP Mitigation Fee 101-0000-20310 21,125.00 COACHELLA VALLEY CONSER… 214488 06/2024 - MSHCP FEES CVMSHCP Admin Fee 101-0000-43631 -211.25 COACHELLA VALLEY WATER D… 214489 WATER SERVICE Water - Utilities 101-2002-61200 748.55 COACHELLA VALLEY WATER D… 214489 WATER SERVICE Water -Monticello Park - Utili… 101-3005-61201 2,301.63 COACHELLA VALLEY WATER D… 214489 WATER SERVICE Water -Fritz Burns Park - Utili… 101-3005-61204 364.83 COACHELLA VALLEY WATER D… 214489 WATER SERVICE Water -Seasons Park - Utilities 101-3005-61208 29.10 COACHELLA VALLEY WATER D… 214489 WATER SERVICE Water -Community Park - Util… 101-3005-61209 267.45 COACHELLA VALLEY WATER D… 214489 WATER SERVICE Water - Utilities 101-3008-61200 97.13 COACHELLA VALLEY WATER D… 214489 WATER SERVICE Water - Civic Center Park - Uti… 101-3005-61202 4,518.88 COACHELLA VALLEY WATER D… 214489 WATER SERVICE Water -Community Park - Util… 101-3005-61209 5,078.43 COACHELLA VALLEY WATER D… 214489 WATER SERVICE Water -Desert Pride - Utilities 101-3005-61206 1,429.06 COACHELLA VALLEY WATER D… 214489 WATER SERVICE PM 10 - Dust Control 101-7006-60146 42.39 COACHELLA VALLEY WATER D… 214489 WATER SERVICE Water - Utilities 101-2002-61200 193.26 212 CLICK HERE to Return to Agenda
Demand Register Packet: APPKT03876 - 07/26/2024 JB
7/29/2024 6:52:56 PM Page 2 of 8
Vendor Name Payment Number Description (Item) Account Name Account Number Amount COACHELLA VALLEY WATER D… 214489 WATER SERVICE Water -Eisenhower Park - Util… 101-3005-61203 165.34 COACHELLA VALLEY WATER D… 214489 WATER SERVICE Water -Velasco Park - Utilities 101-3005-61205 133.96 COACHELLA VALLEY WATER D… 214489 WATER SERVICE Water -Fritz Burns Park - Utili… 101-3005-61204 2,064.08 COACHELLA VALLEY WATER D… 214489 WATER SERVICE Water - Utilities 101-3008-61200 672.16 COUNTY OF RIVERSIDE 214491 04/01-06/30/24 - EMERGENCY SVCS CO… Fire Service Costs 101-2002-60139 20,000.00 COUNTY OF RIVERSIDE PUBL… 214492 06/2024 - RADIO MAINTENANCE Operating Supplies 101-2001-60420 273.66 DATA TICKET, INC. 214493 07/2023 - CODE CITATION PROCESSING Administrative Citation Servi… 101-6004-60111 785.84 DATA TICKET, INC. 214493 06/2024 - CODE CITATION PROCESSING Administrative Citation Servi… 101-6004-60111 505.92 DEPARTMENT OF ANIMAL SE… 214494 06/2024 - ANIMAL SERVICES Animal Shelter Contract Servi… 101-6004-60197 25,226.44 DEPARTMENT OF CONSERVA… 214495 01/01-03/31/24 - SEISMIC HAZAED MA… SMIP Fees Payable 101-0000-20308 1,369.73 DEPARTMENT OF CONSERVA… 214495 01/01-03/31/24 - SEISMIC HAZAED MA… SMIP Fees 101-0000-42610 -68.49 DEPARTMENT OF CONSERVA… 214495 04/01-06/30/24 - SEISMIC HAZARD MA… SMIP Fees Payable 101-0000-20308 7,140.96 DEPARTMENT OF CONSERVA… 214495 04/01-06/30/24 - SEISMIC HAZARD MA… SMIP Fees 101-0000-42610 -357.02 DESERT CONCEPTS CONSTR… 214496 7/2-7/5/24 BEAR CREEK TRAIL PLANT IN… Maintenance/Services 101-3005-60691 5,980.00 DESERT CONCEPTS CONSTR… 214496 7/8-7/12/24 BEAR CREEK TRAIL PLANT I… Maintenance/Services 101-3005-60691 6,970.00 DESERT CONCEPTS CONSTR… 214496 SINK HOLE REPAIR ON AVENIDA DIAZ Professional Services 101-7003-60103 17,850.00 DESERT SANDS UNIFIED SCH… 214498 02/08-03/06/24 - BP #9 SCHOOL RESOU… School Officer 101-2001-60168 11,788.43 DESERT SANDS UNIFIED SCH… 214498 03/07-05/01/24 BP #10 & 11 SCHOOL R… School Officer 101-2001-60168 33,220.48 DESERT SANDS UNIFIED SCH… 214498 05/30-06/30/24 - BP #13 SCHOOL RESO… School Officer 101-2001-60168 8,021.79 EWING IRRIGATION PRODUC… 214499 IRRIGATION PARTS FOR BEAR CREEK TRA… Materials/Supplies 101-3005-60431 3,234.57 EWING IRRIGATION PRODUC… 214499 IRRIGATION PARTS FOR BEAR CREEK TRA… Materials/Supplies 101-3005-60431 1,951.24 EWING IRRIGATION PRODUC… 214499 IRRIGATION PARTS FOR BEAR CREEK TRA… Materials/Supplies 101-3005-60431 483.01 EWING IRRIGATION PRODUC… 214499 IRRIGATION PARTS Materials/Supplies 101-3005-60431 631.71 FIRST CHOICE A/C & HEATING… 214500 CH HVAC MAINTENANCE HVAC 101-3008-60667 547.70 FIRST CHOICE A/C & HEATING… 214500 X-PARK HVAC MAINTENANCE HVAC 101-3008-60667 492.50 FIRST CHOICE A/C & HEATING… 214500 X-PARK HVAC DIAGNOSTIC HVAC 101-3008-60667 79.00 FIRST CHOICE A/C & HEATING… 214500 CH HVAC MAINTENANCE HVAC 101-3008-60667 231.00 FRANCHISE TAX BOARD 214502 GARNISHMENT Garnishments Payable 101-0000-20985 269.91 FRANCHISE TAX BOARD 214503 GARNISHMENT Garnishments Payable 101-0000-20985 223.79 FRANCHISE TAX BOARD 214504 GARNISHMENT Garnishments Payable 101-0000-20985 269.91 FRANCHISE TAX BOARD 214505 GARNISHMENT Garnishments Payable 101-0000-20985 243.29 GALLS LLC 214507 CODE UNIFORMS Uniforms 101-6004-60690 332.48 GOVOS, INC. 214510 STVR PERMITTING SOFTWARE NEW PA… Professional Services 101-1005-60103 4,500.00 HANSEN, DIANNE 214512 FY 23/24 TUITION REIMB D.HANSEN Training & Education/MOU 101-1004-60322 275.00 IMPERIAL IRRIGATION DIST 214513 ELECTRICITY SERVICE Electricity - Utilities 101-2002-61101 1,929.18 IMPERIAL IRRIGATION DIST 214513 ELECTRICITY SERVICE Electricity - Utilities 101-3008-61101 1,033.60 IMPERIAL IRRIGATION DIST 214513 ELECTRICITY SERVICE Electric - SilverRock Event Sit… 101-3005-61115 3,332.26 JOHNSON CONTROLS FIRE P… 214514 CH ALARM MAINTENANCE Security & Alarm 101-3008-60123 1,471.37 MADDEN MEDIA 214516 06/2024 - MEDIA SERVICES Marketing & Tourism Promot… 101-3007-60461 103,799.05 MARTINEZ, CLAUDIA 214517 FY 23/24 ANNUAL WELLNESS DOLLARS … Annual Wellness Dollar Reim… 101-1004-50252 200.00 MCMILLEN, JON 214518 4/9-4/11/24 - CJPIA SUMMIT TRAVEL RE… Travel & Training 101-1002-60320 260.56 MERCHANTS BUILDING MAI… 214519 06/2024 - JANITORIAL SERVICES Janitorial 101-3008-60115 15,793.71 NI GOVERNMENT SERVICES I… 214520 06/2024 - SATELLITE PHONES Mobile/Cell Phones/Satellites 101-2002-61304 90.14 OCEAN SPRINGS TECH INC 214521 FB POOL WADING BACKWASH VALVE R… Fritz Burns Pool Maintenance 101-3005-60184 928.61 OCEAN SPRINGS TECH INC 214521 FB POOL HEATER REPAIRS Fritz Burns Pool Maintenance 101-3005-60184 95.00 OCEAN SPRINGS TECH INC 214521 FB WADING POOL HEATER REPAIR Fritz Burns Pool Maintenance 101-3005-60184 439.85 OCEAN SPRINGS TECH INC 214521 FB POOL/WADING POOL CONTROLLER … Fritz Burns Pool Maintenance 101-3005-60184 427.92 OCEAN SPRINGS TECH INC 214521 CHEMICALS FOR FB POOL Fritz Burns Pool Maintenance 101-3005-60184 241.52 OCEAN SPRINGS TECH INC 214521 CHEMICALS FOR FB POOL Fritz Burns Pool Maintenance 101-3005-60184 215.45 OCEAN SPRINGS TECH INC 214521 CHEMICALS FOR FB POOL Fritz Burns Pool Maintenance 101-3005-60184 983.06 OCEAN SPRINGS TECH INC 214521 FB WADING POOL SPA DRAIN REPLACE… Fritz Burns Pool Maintenance 101-3005-60184 650.00 OCEAN SPRINGS TECH INC 214521 FB POOL/WADING POOL FLOW VIS MET… Fritz Burns Pool Maintenance 101-3005-60184 1,786.57 OCEAN SPRINGS TECH INC 214521 FB WADING POOL FLOAT VALVE REPLAC… Fritz Burns Pool Maintenance 101-3005-60184 290.06 OCEAN SPRINGS TECH INC 214521 FB POOL HOLIDAY SERVICE CLEANING Fritz Burns Pool Maintenance 101-3005-60184 225.00 OCEAN SPRINGS TECH INC 214521 FB POOL AUTOFILL FLOAT VALVE REPLA… Fritz Burns Pool Maintenance 101-3005-60184 122.18 OCEAN SPRINGS TECH INC 214521 CHEMICALS FOR FB POOL Fritz Burns Pool Maintenance 101-3005-60184 635.68 OCEAN SPRINGS TECH INC 214521 FB WADING POOL IPS CONTROLLER MA… Fritz Burns Pool Maintenance 101-3005-60184 999.83 ODP BUSINESS SOLUTIONS, L… 214522 OFFICE SUPPLIES Office Supplies 101-6004-60400 419.13 ODP BUSINESS SOLUTIONS, L… 214522 OFFICE SUPPLIES Office Supplies 101-6004-60400 55.38 ODP BUSINESS SOLUTIONS, L… 214522 OFFICE SUPPLIES Office Supplies 101-1005-60400 60.56 213 CLICK HERE to Return to Agenda
Demand Register Packet: APPKT03876 - 07/26/2024 JB
7/29/2024 6:52:56 PM Page 3 of 8
Vendor Name Payment Number Description (Item) Account Name Account Number Amount PACIFIC WEST AIR CONDITIO… 214523 WC HVAC INSPECTION HVAC 101-3008-60667 720.35 PACIFIC WEST AIR CONDITIO… 214523 CH HVAC INSPECTION HVAC 101-3008-60667 537.00 PACIFIC WEST AIR CONDITIO… 214523 07/2024 - CH WATER TREATMENT HVAC 101-3008-60667 125.00 PROPER SOLUTIONS INC 214524 07/12/24 - TEMP AGENCY SERVICES R.I… Temporary Agency Services 101-1004-60125 1,707.60 QUICK N EASY APPLIANCE SE… 214526 FS #93 REFRIGERATORS MAINTENANCE Maintenance/Services 101-2002-60691 381.00 RIVERSIDE ASSESSOR 214528 06/2024 - RECORDING FEES Technical 101-6004-60108 60.00 RIVERSIDE COUNTY SHERIFF … 214529 05/02-05/29/24 - BP #12 POLICE SERVICE Sheriff Patrol 101-2001-60161 714,800.63 RIVERSIDE COUNTY SHERIFF … 214529 05/02-05/29/24 - BP #12 POLICE SERVICE Police Overtime 101-2001-60162 60,412.91 RIVERSIDE COUNTY SHERIFF … 214529 05/02-05/29/24 - BP #12 POLICE SERVICE Target Team 101-2001-60163 174,087.69 RIVERSIDE COUNTY SHERIFF … 214529 05/02-05/29/24 - BP #12 POLICE SERVICE Community Services Officer 101-2001-60164 63,486.66 RIVERSIDE COUNTY SHERIFF … 214529 05/02-05/29/24 - BP #12 POLICE SERVICE Gang Task Force 101-2001-60166 15,937.50 RIVERSIDE COUNTY SHERIFF … 214529 05/02-05/29/24 - BP #12 POLICE SERVICE Narcotics Task Force 101-2001-60167 17,000.00 RIVERSIDE COUNTY SHERIFF … 214529 05/02-05/29/24 - BP #12 POLICE SERVICE Motor Officer 101-2001-60169 131,506.41 RIVERSIDE COUNTY SHERIFF … 214529 05/02-05/29/24 - BP #12 POLICE SERVICE Dedicated Sargeants 101-2001-60170 47,351.80 RIVERSIDE COUNTY SHERIFF … 214529 05/02-05/29/24 - BP #12 POLICE SERVICE Dedicated Lieutenant 101-2001-60171 26,446.40 RIVERSIDE COUNTY SHERIFF … 214529 05/02-05/29/24 - BP #12 POLICE SERVICE Sheriff - Mileage 101-2001-60172 34,424.96 RIVERSIDE COUNTY SHERIFF … 214529 05/02-05/29/24 - BP #12 POLICE SERVICE Special Enforcement Funds 101-2001-60175 2,209.68 RIVERSIDE COUNTY SHERIFF … 214529 05/30-06/30/24 - BP #13 POLICE SERVICE Sheriff Patrol 101-2001-60161 808,131.54 RIVERSIDE COUNTY SHERIFF … 214529 05/30-06/30/24 - BP #13 POLICE SERVICE Police Overtime 101-2001-60162 24,583.52 RIVERSIDE COUNTY SHERIFF … 214529 05/30-06/30/24 - BP #13 POLICE SERVICE Target Team 101-2001-60163 171,793.44 RIVERSIDE COUNTY SHERIFF … 214529 05/30-06/30/24 - BP #13 POLICE SERVICE Community Services Officer 101-2001-60164 65,968.47 RIVERSIDE COUNTY SHERIFF … 214529 05/30-06/30/24 - BP #13 POLICE SERVICE Gang Task Force 101-2001-60166 19,125.00 RIVERSIDE COUNTY SHERIFF … 214529 05/30-06/30/24 - BP #13 POLICE SERVICE Narcotics Task Force 101-2001-60167 17,000.00 RIVERSIDE COUNTY SHERIFF … 214529 05/30-06/30/24 - BP #13 POLICE SERVICE Motor Officer 101-2001-60169 155,023.39 RIVERSIDE COUNTY SHERIFF … 214529 05/30-06/30/24 - BP #13 POLICE SERVICE Dedicated Sargeants 101-2001-60170 52,482.80 RIVERSIDE COUNTY SHERIFF … 214529 05/30-06/30/24 - BP #13 POLICE SERVICE Dedicated Lieutenant 101-2001-60171 29,752.20 RIVERSIDE COUNTY SHERIFF … 214529 05/30-06/30/24 - BP #13 POLICE SERVICE Sheriff - Mileage 101-2001-60172 43,431.28 RIVERSIDE COUNTY SHERIFF … 214529 05/30-06/30/24 - BP #13 POLICE SERVICE Special Enforcement Funds 101-2001-60175 3,384.29 SANABRIA, ERNESTO 214530 FY 24/25 SAFETY BOOTS E.SANABRIA RE… Safety Gear 101-7006-60427 222.93 SILVERROCK RESORT 214531 04/01-06/30/24 - SALES AND USE TAXES Sales Taxes Payable 101-0000-20304 1,402.00 SMITH PIPE & SUPPLY CO 214532 IRRIGATION PARTS FOR BEAR CREEK TRA… Materials/Supplies 101-3005-60431 66.16 STAPLES ADVANTAGE 214533 LABEL MARKER TAPES Office Supplies 101-3008-60400 45.66 STAPLES ADVANTAGE 214533 CARDSTOCK Office Supplies 101-1005-60400 27.50 STAPLES ADVANTAGE 214533 PENS Office Supplies 101-7001-60400 29.79 SUNLINE TRANSIT AGENCY 214534 05/2024 - SUNLINE PASSES Due to SunLine 101-0000-20305 211.00 SUNLINE TRANSIT AGENCY 214534 05/2024 - SUNLINE PASSES Miscellaneous Revenue 101-0000-42301 -10.00 TAG/AMS INC 214535 04/30/24 - RANDOM DOT TESTING Consultants/Employee Servic… 101-1004-60104 90.00 THE LOCK SHOP, INC 214537 DOOR LEVER Materials/Supplies 101-3005-60431 551.68 TKE ENGINEERING, INC. 214538 05/2024 - ON-CALL TRAFFIC ENGINEERI… Contract Traffic Engineer 101-7006-60144 13,031.22 TKE ENGINEERING, INC. 214538 06/2024 - ON-CALL TRAFFIC ENGINEERI… Contract Traffic Engineer 101-7006-60144 12,144.56 UNITED WAY OF THE DESERT 214540 CONTRIBUTION United Way Deductions 101-0000-20981 32.00 UNITED WAY OF THE DESERT 214540 CONTRIBUTION United Way Deductions 101-0000-20981 32.00 USA DRAIN AND PLUMBING… 214541 FB PARK DRINKING FOUNTAIN REPAIRS Maintenance/Services 101-3008-60691 665.00 VERIZON WIRELESS 214542 06/14-07/13/24 - EOC CELL (7813) Mobile/Cell Phones/Satellites 101-2002-61304 207.76 VINTAGE E & S INC 214543 FB POOL GFCI RECEPTACLE REPAIR Fritz Burns Pool Maintenance 101-3005-60184 200.83 VIRAMONTES, ADAM R 214544 FY24/25 ANNUAL WELLNESS DOLLARS R… Annual Wellness Dollar Reim… 101-1004-50252 200.00 WOLFF WATERS 214545 OVERPAYMENT REFUND LIC-0111063 Over Payments, AR Policy 101-0000-20330 65.50 Fund 101 - GENERAL FUND Total: 3,215,550.48
Fund: 202 - LIBRARY & MUSEUM FUND
COACHELLA VALLEY WATER D… 214489 WATER SERVICE Water - Utilities 202-3006-61200 222.58 CONSOLIDATED ELECTRICAL … 214490 FLUORESCENT BALLASTS (6) Maintenance/Services 202-3004-60691 233.13 FRONTIER COMMUNICATIO… 214506 07/13-08/12/24 - MUSEUM PHONE Telephone - Utilities 202-3006-61300 126.34 MERCHANTS BUILDING MAI… 214519 06/2024 - JANITORIAL SERVICES Janitorial 202-3004-60115 3,264.32 MERCHANTS BUILDING MAI… 214519 06/2024 - JANITORIAL SERVICES Janitorial 202-3006-60115 989.54 PACIFIC WEST AIR CONDITIO… 214523 LIBRARY HVAC INSPECTION HVAC 202-3004-60667 358.00 PACIFIC WEST AIR CONDITIO… 214523 07/2024 - LIBRARY WATER TREATMENT HVAC 202-3004-60667 125.00 USA DRAIN AND PLUMBING… 214541 MUSEUM WOMEN'S RESTROOM REPAI… Maintenance/Services 202-3006-60691 1,950.00 Fund 202 - LIBRARY & MUSEUM FUND Total: 7,268.91
Fund: 212 - SLESA (COPS) FUND
RIVERSIDE COUNTY SHERIFF … 214529 05/02-05/29/24 - BP #12 POLICE SERVICE COPS Burglary/Theft Prevent… 212-0000-60179 6,674.31 214 CLICK HERE to Return to Agenda
Demand Register Packet: APPKT03876 - 07/26/2024 JB
7/29/2024 6:52:56 PM Page 4 of 8
Vendor Name Payment Number Description (Item) Account Name Account Number Amount RIVERSIDE COUNTY SHERIFF … 214529 05/30-06/30/24 - BP #13 POLICE SERVICE COPS Robbery Prevention 212-0000-60178 742.10 RIVERSIDE COUNTY SHERIFF … 214529 05/30-06/30/24 - BP #13 POLICE SERVICE COPS Burglary/Theft Prevent… 212-0000-60179 7,198.38 Fund 212 - SLESA (COPS) FUND Total: 14,614.79
Fund: 215 - LIGHTING & LANDSCAPING FUND
COACHELLA VALLEY WATER D… 214489 WATER SERVICE Water - Medians - Utilities 215-7004-61211 4,024.77 COACHELLA VALLEY WATER D… 214489 WATER SERVICE Water - Medians - Utilities 215-7004-61211 3,164.84 COACHELLA VALLEY WATER D… 214489 WATER SERVICE Water - Medians - Utilities 215-7004-61211 14,991.96 DESERT ELECTRIC SUPPLY 214497 LED LIGHTS (10) Materials/Supplies 215-7004-60431 583.65 FRONTIER COMMUNICATIO… 214506 07/07-08/06/24 - PHONE SERVICE Electric - Utilities 215-7004-61116 137.74 FRONTIER COMMUNICATIO… 214506 07/10-08/09/24 - PHONE SVC Electric - Utilities 215-7004-61116 56.56 IMPERIAL IRRIGATION DIST 214513 ELECTRICITY SERVICE Electric - Utilities 215-7004-61116 427.58 IMPERIAL IRRIGATION DIST 214513 ELECTRICITY SERVICE Electric - Medians - Utilities 215-7004-61117 26.76 IMPERIAL IRRIGATION DIST 214513 ELECTRICITY SERVICE Electric - Utilities 215-7004-61116 340.61 IMPERIAL IRRIGATION DIST 214513 ELECTRICITY SERVICE Electric - Medians - Utilities 215-7004-61117 459.20 IMPERIAL IRRIGATION DIST 214513 ELECTRICITY SERVICE Electric - Utilities 215-7004-61116 149.67 PWLC II, INC 214525 6/17-6/19/24 WASHINGTON/SRR AVE 5… Maintenance/Services 215-7004-60691 5,440.00 PWLC II, INC 214525 6/10-6/14/24 WASHINGTON/SRR AVE 5… Maintenance/Services 215-7004-60691 9,600.00 SMITH PIPE & SUPPLY CO 214532 QUICK TIES & LODGE POLES Materials/Supplies 215-7004-60431 459.47 VINTAGE E & S INC 214543 AVE 52 MEDIAN LIGHTING UPGRADES Maintenance/Services 215-7004-60691 6,594.58 Fund 215 - LIGHTING & LANDSCAPING FUND Total: 46,457.39 Fund: 224 - TUMF FUND
COACHELLA VALLEY ASSOC O… 214487 06/2024 - TUMF FEES TUMF Payable to CVAG 224-0000-20320 41,100.00 Fund 224 - TUMF FUND Total: 41,100.00
Fund: 241 - HOUSING AUTHORITY
RUTAN & TUCKER 158 997556 HOUSING AUTHORITY Attorney 241-9101-60153 5,142.00 RUTAN & TUCKER 158 998382 - HOUSING AUTHORITY Attorney 241-9101-60153 240.00 CAHA, BECKY 214481 06/2024 - HOUSING CONSULTANT SERV… Professional Services 241-9101-60103 4,175.00 Fund 241 - HOUSING AUTHORITY Total: 9,557.00
Fund: 401 - CAPITAL IMPROVEMENT PROGRAMS
BENGAL ENGINEERING INC 214477 3/2024 DUNE PALMS BRIDGE LOW WAT… Design 401-0000-60185 12,398.87 HAMMEL, GREEN, AND ABR… 214511 05/2024 - CULTURAL CAMPUS DESIGN Design 401-0000-60185 18,718.00 JTB SUPPLY CO., INC. 214515 COUNTDOWN LED ITE Construction 401-0000-60188 2,610.00 TERRA NOVA PLANNING & R… 214536 05/01-06/30/24 - ONCALL PLANNING SE… Design 401-0000-60185 877.50 TERRA NOVA PLANNING & R… 214536 05/01-06/30/24 - ONCALL PLANNING SE… Design 401-0000-60185 243.75 Fund 401 - CAPITAL IMPROVEMENT PROGRAMS Total: 34,848.12 Fund: 501 - FACILITY & FLEET REPLACEMENT
AUTOZONE 214475 BATTERY Parts, Accessories, and Upfits 501-0000-60675 163.11 AUTOZONE 214475 BATTERY Parts, Accessories, and Upfits 501-0000-60675 229.28 AUTOZONE 214475 BATTERY CORE REFUND Parts, Accessories, and Upfits 501-0000-60675 -22.00 AUTOZONE 214475 WIPER BLADES Parts, Accessories, and Upfits 501-0000-60675 37.50 AUTOZONE 214475 RETURN BATTERY Parts, Accessories, and Upfits 501-0000-60675 -244.75 AUTOZONE 214475 BUG REMOVER WASHER FLUID Parts, Accessories, and Upfits 501-0000-60675 6.30 AUTOZONE 214475 BATTERIES Parts, Accessories, and Upfits 501-0000-60675 15.98 AUTOZONE 214475 ANTIFREEZE Parts, Accessories, and Upfits 501-0000-60675 65.22 AUTOZONE 214475 BATTERY CLEANING SUPPLIES & TRAILER… Parts, Accessories, and Upfits 501-0000-60675 82.23 AUTOZONE 214475 HOOD LIFT SUPPORT Parts, Accessories, and Upfits 501-0000-60675 36.95 AUTOZONE 214475 AIR FILTERS Parts, Accessories, and Upfits 501-0000-60675 114.14 AUTOZONE 214475 TRANSMISSION FUNNEL & LITTLE TREE A… Parts, Accessories, and Upfits 501-0000-60675 8.24 AUTOZONE 214475 AIR FILTERS Parts, Accessories, and Upfits 501-0000-60675 114.14 AUTOZONE 214475 VEHICLE MAINTENANCE SUPPLIES Parts, Accessories, and Upfits 501-0000-60675 65.45 AUTOZONE 214475 BATTERY Parts, Accessories, and Upfits 501-0000-60675 185.78 AUTOZONE 214475 BATTERY CORE REFUND Parts, Accessories, and Upfits 501-0000-60675 -22.00 AUTOZONE 214475 BATTERY Parts, Accessories, and Upfits 501-0000-60675 185.78 AUTOZONE 214475 BATTERY CORE REFUND Parts, Accessories, and Upfits 501-0000-60675 -22.00 AUTOZONE 214475 WIPER BLADES Parts, Accessories, and Upfits 501-0000-60675 49.48 CARQUEST 214483 MUD FLAPS Parts, Accessories, and Upfits 501-0000-60675 46.46 CHEVROLET CADILLAC 214486 2017 CHEVY COLORADO VIN H1244342 … Vehicle Repair & Maintenan… 501-0000-60676 1,080.34 Fund 501 - FACILITY & FLEET REPLACEMENT Total: 2,175.63 215 CLICK HERE to Return to Agenda
Demand Register Packet: APPKT03876 - 07/26/2024 JB
7/29/2024 6:52:56 PM Page 5 of 8
Vendor Name Payment Number Description (Item) Account Name Account Number Amount Fund: 502 - INFORMATION TECHNOLOGY
BRANDT, DOUGLAS M 214479 PERMIT REFUND PMER2024-0001 Technology Enhancement Su… 502-0000-43611 8.00 CARAHSOFT TECHNOLOGY C… 214482 7/1/24-6/30/25 - ASSET MANAGEMENT … Software Licenses 502-0000-60301 37,997.06 CHARTER COMMUNICATIONS… 214485 06/15-07/14/24 - WC CABLE (8105) Cable/Internet - Utilities 502-0000-61400 166.60 CHARTER COMMUNICATIONS… 214485 07/2024 - CH CABLE (4625) Cable/Internet - Utilities 502-0000-61400 189.93 CHARTER COMMUNICATIONS… 214485 07/10-08/09/24 - CH INTERNET (2546) Cable/Internet - Utilities 502-0000-61400 2,079.00 CHARTER COMMUNICATIONS… 214485 07/12-08/11/24 - CITY YARD CABLE (408… Cable/Internet - Utilities 502-0000-61400 82.07 FISHER INTEGRATED INC 214501 06/2024 CC VIDEO STREAMING Consultants 502-0000-60104 1,500.00 FISHER INTEGRATED INC 214501 06/2024 MONTHLY FEE Consultants 502-0000-60104 1,100.00 FRONTIER COMMUNICATIO… 214506 07/03-08/02/24 - 2ND CITY INTERNET LI… Cable/Internet - Utilities 502-0000-61400 2,580.00 FRONTIER COMMUNICATIO… 214506 07/12-08/11/24 - X PARK INTERNET Cable/Internet - Utilities 502-0000-61400 1,070.00 FRONTIER COMMUNICATIO… 214506 07/04-08/03/24 - WC INTERNET Cable/Internet - Utilities 502-0000-61400 704.17 FRONTIER COMMUNICATIO… 214506 07/04-08/03/24 - DSL SVC Cable/Internet - Utilities 502-0000-61400 712.34 GOVERNMENTJOBS.COM INC. 214509 07/1/24-06/30/25 NEOGOV HR SOFTW… Software Licenses 502-0000-60301 14,157.17 RINCON CONSULTANTS, INC. 214527 06/2024 GEOGRAPHIC INFORMATION S… Software Licenses 502-0000-60301 1,974.00 TRITON TECHNOLOGY SOLUT… 214539 CABLECAST PUBLIC MEETING LIVESTRE… Machinery & Equipment 502-0000-80100 2,277.00 TRITON TECHNOLOGY SOLUT… 214539 CABLECAST PUBLIC MEETING LIVESTRE… Machinery & Equipment 502-0000-80100 70.69 VERIZON WIRELESS 214542 06/02-07/01/24 - BACKUP SERVER (2183) Cable/Internet - Utilities 502-0000-61400 133.83 VERIZON WIRELESS 214542 06/02-07/01/24 - CITY IPADS (5587) Cell/Mobile Phones 502-0000-61301 1,255.97 Fund 502 - INFORMATION TECHNOLOGY Total: 68,057.83
Fund: 503 - PARK EQUIP & FACILITY FUND
GAMETIME 214508 LQ PARK PERIMETER FITNESS EQUIPME… Parks 503-0000-71060 56,289.02 Fund 503 - PARK EQUIP & FACILITY FUND Total: 56,289.02
Grand Total: 3,495,919.17
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Fund Summary
Fund Expense Amount
101 - GENERAL FUND 3,215,550.48
202 - LIBRARY & MUSEUM FUND 7,268.91
212 - SLESA (COPS) FUND 14,614.79
215 - LIGHTING & LANDSCAPING FUND 46,457.39
224 - TUMF FUND 41,100.00
241 - HOUSING AUTHORITY 9,557.00
401 - CAPITAL IMPROVEMENT PROGRAMS 34,848.12
501 - FACILITY & FLEET REPLACEMENT 2,175.63
502 - INFORMATION TECHNOLOGY 68,057.83
503 - PARK EQUIP & FACILITY FUND 56,289.02
Grand Total: 3,495,919.17
Account Summary
Account Number Account Name Expense Amount
101-0000-20304 Sales Taxes Payable 1,402.00
101-0000-20305 Due to SunLine 211.00
101-0000-20308 SMIP Fees Payable 8,510.69
101-0000-20310 MSHCP Mitigation Fee 21,125.00
101-0000-20330 Over Payments, AR Policy 65.50
101-0000-20981 United Way Deductions 64.00
101-0000-20985 Garnishments Payable 1,006.90
101-0000-22810 Developer Deposits 2,916.00
101-0000-42301 Miscellaneous Revenue -10.00
101-0000-42416 Digitization/Records Ma… 23.00
101-0000-42610 SMIP Fees -425.51
101-0000-42810 Public Works Dev. Plan … 2,197.00
101-0000-43631 CVMSHCP Admin Fee -211.25
101-1002-60320 Travel & Training 260.56
101-1003-60153 Attorney 128,748.89
101-1003-60154 Attorney/Litigation 31,464.60
101-1004-50252 Annual Wellness Dollar … 600.00
101-1004-60104 Consultants/Employee S… 90.00
101-1004-60125 Temporary Agency Servi… 1,707.60
101-1004-60322 Training & Education/M… 275.00
101-1005-60103 Professional Services 4,500.00
101-1005-60400 Office Supplies 88.06
101-2001-60161 Sheriff Patrol 1,522,932.17
101-2001-60162 Police Overtime 84,996.43
101-2001-60163 Target Team 345,881.13
101-2001-60164 Community Services Offi… 129,455.13
101-2001-60166 Gang Task Force 35,062.50
101-2001-60167 Narcotics Task Force 34,000.00
101-2001-60168 School Officer 53,030.70
101-2001-60169 Motor Officer 286,529.80
101-2001-60170 Dedicated Sargeants 99,834.60
101-2001-60171 Dedicated Lieutenant 56,198.60
101-2001-60172 Sheriff - Mileage 77,856.24
101-2001-60175 Special Enforcement Fu… 5,593.97
101-2001-60193 Sexual Assault Exam Fees 462.00
101-2001-60420 Operating Supplies 273.66
101-2002-60139 Fire Service Costs 20,000.00
101-2002-60691 Maintenance/Services 381.00
101-2002-61101 Electricity - Utilities 1,929.18
101-2002-61200 Water - Utilities 941.81
101-2002-61304 Mobile/Cell Phones/Sate… 297.90
101-3001-60510 Grants & Economic Deve… 500.00
101-3005-60184 Fritz Burns Pool Mainten… 8,241.56
101-3005-60431 Materials/Supplies 6,918.37
101-3005-60691 Maintenance/Services 12,950.00
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Account Summary
Account Number Account Name Expense Amount
101-3005-61115 Electric - SilverRock Even… 3,332.26
101-3005-61201 Water -Monticello Park -… 2,301.63
101-3005-61202 Water - Civic Center Park… 4,518.88
101-3005-61203 Water -Eisenhower Park … 165.34
101-3005-61204 Water -Fritz Burns Park -… 2,428.91
101-3005-61205 Water -Velasco Park - Uti… 133.96
101-3005-61206 Water -Desert Pride - Util… 1,429.06
101-3005-61208 Water -Seasons Park - Ut… 29.10
101-3005-61209 Water -Community Park … 5,345.88
101-3007-60461 Marketing & Tourism Pr… 103,799.05
101-3008-60115 Janitorial 15,793.71
101-3008-60123 Security & Alarm 1,471.37
101-3008-60400 Office Supplies 45.66
101-3008-60667 HVAC 2,732.55
101-3008-60691 Maintenance/Services 665.00
101-3008-61101 Electricity - Utilities 1,033.60
101-3008-61200 Water - Utilities 769.29
101-6003-60118 Plan Checks 7,575.65
101-6004-60108 Technical 60.00
101-6004-60111 Administrative Citation … 1,291.76
101-6004-60197 Animal Shelter Contract … 25,226.44
101-6004-60400 Office Supplies 474.51
101-6004-60690 Uniforms 332.48
101-7001-60400 Office Supplies 29.79
101-7002-60103 Professional Services 555.00
101-7003-60103 Professional Services 17,850.00
101-7006-60144 Contract Traffic Engineer 25,175.78
101-7006-60146 PM 10 - Dust Control 42.39
101-7006-60427 Safety Gear 222.93
101-7006-60480 Contributions to Other A… 1,842.71
202-3004-60115 Janitorial 3,264.32
202-3004-60667 HVAC 483.00
202-3004-60691 Maintenance/Services 233.13
202-3006-60115 Janitorial 989.54
202-3006-60691 Maintenance/Services 1,950.00
202-3006-61200 Water - Utilities 222.58
202-3006-61300 Telephone - Utilities 126.34
212-0000-60178 COPS Robbery Prevention 742.10
212-0000-60179 COPS Burglary/Theft Pre… 13,872.69
215-7004-60431 Materials/Supplies 1,043.12
215-7004-60691 Maintenance/Services 21,634.58
215-7004-61116 Electric - Utilities 1,112.16
215-7004-61117 Electric - Medians - Utilit… 485.96
215-7004-61211 Water - Medians - Utiliti… 22,181.57
224-0000-20320 TUMF Payable to CVAG 41,100.00
241-9101-60103 Professional Services 4,175.00
241-9101-60153 Attorney 5,382.00
401-0000-60185 Design 32,238.12
401-0000-60188 Construction 2,610.00
501-0000-60675 Parts, Accessories, and … 1,095.29
501-0000-60676 Vehicle Repair & Maint… 1,080.34
502-0000-43611 Technology Enhancemen… 8.00
502-0000-60104 Consultants 2,600.00
502-0000-60301 Software Licenses 54,128.23
502-0000-61301 Cell/Mobile Phones 1,255.97
502-0000-61400 Cable/Internet - Utilities 7,717.94
502-0000-80100 Machinery & Equipment 2,347.69
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Demand Register Packet: APPKT03876 - 07/26/2024 JB
7/29/2024 6:52:56 PM Page 8 of 8
Account Summary
Account Number Account Name Expense Amount
503-0000-71060 Parks 56,289.02
Grand Total: 3,495,919.17
Project Account Summary
Project Account Key Project Account Name Project Name Expense Amount **None** **None** **None** 3,355,483.74
111205D Design Expense Dune Palms Bridge Imp/BRLKS-5433(014) 12,398.87 18-002E TRAVERTINE CORPORATION EXP TRAVERTINE CORPORATION 2,430.00 201804E Landscape & Lighting Median Islan… Landscape & Lighting Median Island Improvements 21,634.58 201901D Design Expense Village Art Plaza Promenade & Cultural Campus 18,718.00 201905D Design Expense Highway 111 Corridor Area Plan Implementation877.50 202008CB Contribution Expense Avenue 48 Art and Music Line Project 1,842.71 202216E General PW Maint - Desert Concep… General PW Maintenance - Desert Concepts17,850.00 202322D Design Expense Eisenhower Retention Basin Slope Repair 243.75 202326E La Quinta Park Fitness Equipment La Quinta Park Fitness Equipment 56,289.02 21-003E THE WAVE EXP CM WAVE DEVELOPMENT 486.00
2425TMICT Construction Expense FY24/25 Traffic Maintenance Improvements 2,610.00 CSA152E CSA 152 Expenses CSA 152 Project Tracking 555.00 STVRE Short Term Vacation Rental Expen… Short Term Vacation Rental Tracking 4,500.00 Grand Total: 3,495,919.17
*Project codes are generally used to track Capital Improvement Program (CIP) projects, other large public works projects, developer deposits, or city-wide events. Normal operational expenditures are not project coded and, therefore, will report as "none" in this section.
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City of La Quinta
Bank Transactions 7/08/2024-7/26/2024
Wire Transaction
Listed below are the wire transfers from 7/08/2024-7/26/2024.

Wire Transfers:
07/08/2024 - WIRE TRANSFER - CALPERS $5,860.87
07/08/2024 - WIRE TRANSFER - CALPERS $15,320.90
07/08/2024 - WIRE TRANSFER - CALPERS $29,641.11
07/08/2024 - WIRE TRANSFER - LQCEA $432.00
07/08/2024 - WIRE TRANSFER - MISSION SQUARE $3,900.00
07/08/2024 - WIRE TRANSFER - MISSION SQUARE $41,098.19
07/09/2024 - WIRE TRANSFER - STERLING $1,308.30
07/09/2024 - WIRE TRANSFER - CALPERS $138,451.08
07/09/2024 - WIRE TRANSFER - STERLING $29.17
07/12/2024 - WIRE TRANSFER - AMERITAS $89.96
07/12/2024 - WIRE TRANSFER - AMERITAS $1,754.17
07/12/2024 - WIRE TRANSFER - STANDARD OF OREGON $3,036.72 07/12/2024 - WIRE TRANSFER - AMERITAS $12,710.70
07/12/2024 - WIRE TRANSFER - MIDAMERICA $17,523.52
07/12/2024 - WIRE TRANSFER - MIDAMERICA $18,223.52
07/16/2024 - WIRE TRANSFER - CALPERS $120,377.00
07/17/2024 - WIRE TRANSFER - LANDMARK $50,000.00
07/17/2024 - WIRE TRANSFER - LANDMARK $176,124.97
07/17/2024 - WIRE TRANSFER - J&H ASSET PROPERTY MANAGEMENT $45,085.56 07/19/2024 - WIRE TRANSFER - LQCEA $432.00
07/19/2024 - WIRE TRANSFER - MISSION SQUARE $3,900.00
07/19/2024 - WIRE TRANSFER - MISSION SQUARE $12,713.19
07/22/2024 - WIRE TRANSFER - CALPERS $200.98
07/22/2024 - WIRE TRANSFER - CALPERS $5,878.02
07/22/2024 - WIRE TRANSFER - CALPERS $15,857.60
07/22/2024 - WIRE TRANSFER - CALPERS $31,403.99
07/23/2024 - WIRE TRANSFER - STERLING $1,308.30
07/24/2024 - WIRE TRANSFER - LANDMARK $118,085.86
TOTAL WIRE TRANSFERS OUT $870,747.68
ATTACHMENT 2
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City of La Quinta
Purchase Orders 04/1/24 – 06/30/24
Purchase Orders
Listed below are Purchase Orders issued from 04/1/24 – 06/30/24 with a value between $25,000 and $50,000 for City Council review.

Vendor P.O Number Amount Purpose
Arborpro, Inc. 2324-0214 39,250.00 $ Tree Inventory Services BMW Motorcycles of Escondido 2324-0216 31,594.70 $ Police Motorcycle Dave Bang, Inc. 2324-0241 36,314.99 $ Eighteen Picnic Tables for La Quinta Park
Southwest Boulder & Stone 2324-0242 30,000.00 $ Landscape Boulders ATTACHMENT 3
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City of La Quinta
CITY COUNCIL MEETING: August 6, 2024

STAFF REPORT
AGENDA TITLE: RECEIVE AND FILE ANNUAL COMPREHENSIVE FINANCIAL REPORT FOR YEAR ENDED JUNE 30, 2023

RECOMMENDATION
Receive and file the Annual Comprehensive Financial Report for the year ended June 30, 2023.

EXECUTIVE SUMMARY
• California cities must obtain an annual audit of their financial statements by an independent auditor at the close of each fiscal year.
• The annual audit produces the Annual Comprehensive Financial Report (ACFR) (Exhibit A), which was issued on July 19, 2024.
• The independent auditors rendered an unmodified (“clean”) opinion, which is the most favorable conclusion.
• The Financial Advisory Commission (FAC) has been provided the ACFR for review and a presentation will be provided at the August 14, 2024 meeting.

FISCAL IMPACT - None

BACKGROUND/ANALYSIS
At the end of each fiscal year, the City’s financial records are audited by an independent audit firm pursuant to California law. The results (including City background information, statistical data, and detailed financial reports) are compiled and presented in the ACFR.

In the independent auditors’ report (located at the front of the financial section of the ACFR), Eide Bailly Certified Public Accountants issued an unmodified opinion on the City’s financial statements for the year ended June 30, 2023, which is the most favorable conclusion. The independent audit involved examining evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and estimates made by management, and evaluating the overall financial statement presentation.

BUSINESS SESSION ITEM NO. 1
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Attachment 1, provides a summary of the ACFR which is in Exhibit A. Attachment 2, provides a summary of Unrestricted Funds.

The Financial Advisory Commission has been provided with a copy of the ACFR and a presentation will follow at their meeting on August 14, 2024. In addition, a copy of the ACFR can be found in the Finance section on the City’s website. While the City’s financial statements were presented fairly in all significant aspects, a material weakness in the City’s internal controls over financial reporting was identified for accounting entry adjustments, entries were fully resolved prior to issuance. As in previous years, the ACFR will be submitted to the Government Finance Officers Association (GFOA) award program for excellence in financial reporting.

A Single Audit for fiscal year 2022/23 – a separate audit requirement under Federal law for entities that spend $750,000 or more in federal funds during a fiscal year, was issued on July 25, 2024.

ALTERNATIVES
The ACFR and audit are required by State law, therefore, no alternatives are recommended.

Prepared by: Claudia Martinez, Finance Director/City Treasurer Approved by: Jon McMillen, City Manager
Attachments: 1. 2022/23 Annual Comprehensive Financial Report Summary

2. 2022/23 Unrestricted Funds Summary

3. 2022/23 Annual Comprehensive Financial Report
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Fiscal Year 2022/23
Annual Comprehensive Financial Report (ACFR)
Summary
Summary of ACFR Contents
The fiscal year (FY) 2022/23 Annual Comprehensive Financial Report (ACFR) (Exhibit A) contains numerous comprehensive financial reports pertaining to all aspects of the City’s finances and includes financial statements for all City funds (general, special revenue, housing, capital project, internal service, and other fund types). The ACFR also contains information regarding the City’s accounting methods and procedures, and the results of the independent audit. Financial information is conveyed both by major fund type and in a comprehensive manner; thus, the information is somewhat complex to interpret. Because of this, specific detailed information regarding the General Fund year-end budget results for FY 2022/23 was presented separately at the January 16, 2024, Council meeting.

The Management Discussion and Analysis section provides an overview and analysis of the financial statements, which is useful when reading through the ACFR. In addition, the Notes to the Basic Financial Statements provide a written explanation of accounting methods and year-over-year changes.

The Statistical Section presents a ten-year comparison of City financial, economic, and demographic trends.

Responsibility for both the accuracy and the completeness of all disclosures rests with the City of La Quinta. To the best of our knowledge and belief, the enclosed data is accurate in all material respects and is reported in a manner designed to fairly present the financial position and results of City operations.

The ACFR was prepared in conformance with Generally Accepted Accounting Principles (GAAP). The City’s financial reporting is based upon all Governmental Accounting Standards Board (GASB) pronouncements; these pronouncements are the most authoritative source of governmental GAAP.

Eide Bailly LLP, Certified Public Accountants, has issued an unmodified (“clean”) opinion on the City’s financial statements for the year ended June 30, 2023, which is the most favorable conclusion. While the City’s financial statements were presented fairly in all significant aspects, a material weakness in the City’s internal controls over financial reporting was identified for accounting entry adjustments from both the current and prior years, all entries were fully resolved prior to issuance of the ACFR. In addition, the City is in the process of implementing additional internal procedures and guidance related to financial reporting to improve the accuracy of the information presented.

We believe that the ACFR meets the Government Finance Officers Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting Program requirements and have submitted it to determine eligibility for another certificate. The City has previously received this prestigious award for the last twenty-six years.

ATTACHMENT 1 225 CLICK HERE to Return to Agenda
Significant Changes and Financial Highlights
Governmental Revenues and Expenses
Governmental Activities include thirty-one (31) individual governmental funds. There are four (4) major governmental funds: the General Fund, one Capital Improvement capital project fund, one Housing Authority special revenue fund, and one Disaster Recovery special revenue fund. Data from the other twenty-seven (27) governmental funds are combined into a single, aggregate presentation.

Key Highlights:
• General Fund’s overall fund balance increased by approximately $20.1 million when compared to the ending balance in FY 2021/22. This was mostly attributed to transient occupancy tax and sales tax revenue exceeding budget projections, coupled with expenditure savings.
• General Fund Reserves are 100% funded to established target amounts for FY 2022/23 representing a combined balance of $45 million.
• At the end of FY 2022/23, the City had positive balances in all three categories of Net Position (Net Investment in Capital Assets, Restricted, and Unrestricted) for the governmental and business-type activities.
• Governmental revenues increased over the prior fiscal year with the major items being attributed to investment income, fair value of investments, and property taxes, which were then offset by decreases in charges for services, and capital grants and contributions.
• A majority of General Fund revenues experienced positive variances when compared to the final budget.
• Actual expenses were $48.2 million lower than the final budget, of which $2.6 million was carried over into FY 2023/24 for continuing appropriations related to operations. Funds not being carried over are recognized as Unassigned Fund Balance in the General Fund. Capital Improvement Projects (CIP) revenue commitments totaling $22.6 million are reflected in Assigned reserves and operational carryovers are noted in Committed reserves.

Governmental Fund Balances
The focus of the City’s governmental funds is to provide information on near-term inflows, outflows, and balances. Such information is useful in assessing the City's financing requirements.

In particular, Unassigned fund balance may serve as a useful measure of a government's net resources available for spending at the end of the fiscal year. The Unassigned General Fund balance comprised $44,105,041, or 24%, of the total $185,977,508 balance and included savings from total final FY 2022/23 General Fund budgeted expenditures including transfers and multi-year capital project carryovers.

As of the end of FY 2022/23, the City's total governmental funds reported combined ending fund balances of $239,819,968 and General Fund balances of $185,977,508 as follows:
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2022/23 Governmental Fund Balances
When compared to FY 2021/22, total governmental fund balance increased by $22,697,904 and total General Fund balance increased by $20,070,495.
2021/22 Governmental Fund Balances
General Fund Balances
A year-over-year decrease of $2,236,000 in Nonspendable is mainly attributed to the FY 2022/23 Redevelopment Agency (RDA) loan repayment of $2,696,000 offset by interest earnings of $381,000 resulting in a net decrease of $2,315,000 in Due from Other Governments. The outstanding loan balance to the RDA of $24,501,000 is recognized as 80% in the General Fund and 20% in the Housing Authority Fund. Additional information on the loan repayment can be found in Note 19 of the financial statements.

Restricted reserves are limited to funds held in a Section 115 Pension Trust, set aside to fund the City’s pension obligations. As of FY 2021/22, the trust balance was at $10.1 million and, due to a one-time additional discretionary payment of $5,000,000 made to CalPERS to pay down the City’s unfunded pension obligations, the updated balance is $5.3 million. All Other Funds fund balance decreased by $7,494,000 and represents totals for the Housing Fund and other Restricted funds.

Committed reserves increased by approximately $10,391,000 due to operational carryovers and the recent update to the City’s Reserve Policy, which included increasing and funding the new target levels for the Natural Disaster Emergency Reserve, Economic Downturn Reserve, and the Capital Improvement Reserve categories. All reserve categories are fully funded to current target levels.

An increase of $6,524,000 in assigned reserves was due to Measure G sales tax reserve of $13,859,000 which included advanced funding reimbursed back to reserves for the Dune Palms Bridge project and $803,000 in the fire services trust.

Category General Fund Percent All Other Funds Percent Total Funds Percent Nonspendable 25,130,438 $ 14% $ 468 0.001% 25,130,906 $ 10% Restricted 5,317,487 3% 61,906,132 115% 67,223,619 28%
Committed 47,600,009 26% - 0% 47,600,009 20%
Assigned 63,824,533 34% - 0% 63,824,533 27%
Unassigned 44,105,041 24% (8,064,140) -15% 36,040,901 15% TOTAL $ 185,977,508 100% 53,842,460 $ 100% 239,819,968 $ 100% Category General Fund Percent All Other Funds Percent Total Funds Percent Nonspendable 27,365,989 $ 16% 96,590 $ 0.189% 27,462,579 $ 13% Restricted 10,137,888 6% 54,412,358 106% 64,550,246 30% Committed 37,209,100 22% - 0% 37,209,100 17%
Assigned 57,300,711 35% - 0% 57,300,711 26%
Unassigned 33,893,325 20% (3,293,897) -6% 30,599,428 14% TOTAL $ 165,907,013 100% 51,215,051 $ 100% 217,122,064 $ 100% 227 CLICK HERE to Return to Agenda
Outstanding Debt
Total governmental activities debt decreased by $254,013 from $1,957,439 to $1,703,426. This decrease is attributed to a reduction of $109,537 in leases and $314,809 in subscription IT liabilities offset by an increase of $191,861 in compensated absences.

The City adopted and implemented
GASB Statement No. 96,
Subscription- Based Information
Technology Arrangements (SBITAs),
which establishes that a SBITA
results in a right-to-use subscription
asset- an intangible asset- and a
corresponding subscription liability.

GASB 96 will require governments to
recognize a subscription liability for
the amount owed on contracts offset by a capitalized asset. This standard will allow the reader of the government-wide financial statements a better view of the government’s net position which is influenced by the underlying event and cash flows related to future fiscal periods.

Additional information on long-term debt can be found in Note 5 of the financial statements.

Defined Benefit Pension Plan and Section 115 Trust
As of June 30, 2023, the City reported a liability of $13,550,553 for its proportionate share of the collective net pension liability. The net pension liability was measured as of June 30, 2022, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of June 30, 2021. Detailed information about the pension plan’s fiduciary net position is available in the separately issued CalPERS financial reports.

As of June 30, 2023, the Section 115 Pension Trust had a balance of $5,317,487, additional information can be found in Note 12. The trust sets aside monies to fund the City’s pension obligations.

Contributions to the trust are irrevocable and assets are protected from creditors. The purpose of the trust is to address the City’s pension obligations by accumulating assets to reduce the net pension liability. However, assets in the trust are recorded as restricted fund balance until they are transferred to the pension plan (CalPERS). Additional information on the City’s Pension Plan can be found in Note 9 and information on the Section 115 Trust can be found in Note 12.

Other Post-Employment Benefit Plan (OPEB)
In contrast to the Net Pension Liability, the OPEB Trust established to fund retiree health benefits, had a balance of $1,792,999 which decreases the OPEB liability of $1,415,511 and is reported as an asset balance of $377,488. Additional information on OPEB can be found in Note 11 of the financial statements.

Major Capital Improvements
The Capital Improvement Fund is primarily used to record the expenditures for capital projects. The fund had forty-seven (47) active Capital Improvement Projects during FY 2022/23. The five most active projects were:
• Dune Palms Bridge Improvements ($4,050,000)
• La Quinta Landscape Renovation Improvements ($2,923,000) Debt Type:
2022
As Restated 2023
Leases $ 162,648 $ 53,111
Financed Purchases 22,079 551
Compensated Absences 962,229 1,154,090
Subscription IT liabilities 810,483 495,674
TOTAL $ 1,957,439 $ 1,703,426
Governmental Activities
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• Avenue 53 and Jefferson Roundabout ($2,758,000)
• Citywide Striping Refresh ($295,000)
• Highway 111 Corridor Area Plan Improvements ($285,000) These projects, along with others, leveraged State or Federal grant funds or were significantly supported with Measure G sales tax revenues.

Long-term Financial Sustainability
The City ensures that its long-range goals are met through a variety of Boards and Commissions. Each is comprised of Council appointed residents, may include a City Council representative, and are supported by City staff. In addition, the City has adopted various financial policies and practices with the goal of sustaining a fiscally resilient government over the long-term, as well as increasing transparency and encouraging public engagement.

The City has taken a proactive approach to rising pension and public safety costs by building its reserve categories and paying down the City’s pension obligations. The City also continues to collaborate with Riverside County and other regional cities on police services to identify long-term savings. As of June 30, 2023, all four of the City’s reserve categories (Cash Flow Reserve, Natural Disaster, Economic Disaster, and Capital Replacement) are fully funded to policy targets.

The City has a mixture of housing and commercial developments under construction, and approved housing developments on the horizon. The Highway 111 Corridor Plan (Plan) continues to be a priority with daily traffic exceeding 40,000 vehicles, and accounting for nearly 80% of the City’s annual sales tax revenue.

The City Council has a history of implementing strategic measures to ensure the long-term fiscal sustainability of the City. These measures include adopting a structurally balanced budget, funding long-term needs, and maintaining robust reserve levels. As a result, the City has been able to maintain essential services despite economic fluctuations and is well-prepared to face future financial challenges.
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ATTACHMENT 2
ANNUAL COMPREHENSIVE FINANCIAL REPORT FISCAL YEAR 2022/2023 –

UNRESTRICTED FUNDS SUMMARY
The Annual Comprehensive Financial Report (ACFR) is a set of financial statements for a state, municipality or other governmental entity that comply with the accounting requirements established by the Governmental Accounting Standards Board (GASB).

GASB is a private non-governmental organization, an arm of the Financial Accounting Foundation, that creates accounting reporting standards, or generally accepted accounting principles (GAAP), for state and local governments in the United States, i.e.

GASB sets the standards governing the content of an ACFR.

The ACFR must be audited by an independent auditor using generally accepted government auditing standards.

GASB Concepts Statement No. 34 requires the net assets of a government to be reported in three (3) categories: 1) invested in capital assets net of related debt, 2) restricted, and 3) unrestricted.

As shown in the chart below, the City’s Net Position (total assets and deferred outflows) is stated on page 5 of the Management Discussion and Analysis or MD&A of the fiscal year (FY) 2022/23 ACFR for La Quinta, and further described in detail on page 8.

Per ACFR reporting guidelines, in particular GASB No. 34, the three (3) categories of a government’s net assets are defined as follows:

Capital Assets category reflects investments in capital assets (e.g., land, buildings; machinery, equipment), net of related debt, which the City uses to provide services to citizens; consequently, these assets are not available for future spending.

City capital assets totaling $574,870,283 or 67% of the city’s total $858,597,320 Net Position (total assets and deferred outflows) include:
• 129 miles of streets and 121 miles of sidewalks
• 17 parks with amenities that include swimming pools, pickleball and tennis courts; X Park; soccer fields and softball/baseball diamonds; dog parks; playground equipment; and more.
• 22 city-owned buildings
Capital Assets $ 574,870,283
Restricted $ 62,283,620
Unrestricted $ 221,443,417
TOTAL NET POSITION $ 858,597,320
Net Position Summary
FY 2022/23
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• 82.6 miles of bike paths
• 4,800-plus street signs
• 50 traffic light signals, 111 public safety cameras
• 582 catch basins
Restricted category is comprised of funds earmarked for a specific purpose; these restrictions are imposed on the City by an outside agency.

Unrestricted category is defined as funds that can be used to meet ongoing obligations because they are not restricted by an outside agency. However, of note is that GASB reporting requirements for the ACFR do not take into account fund restrictions in accordance with the City’s established policies.

For purposes of ACFR reporting, the City’s unrestricted net position is comprised of funds committed or assigned for certain reserves or projects, including assets that are in nonspendable form per the agency’s established policies and procedures. For La Quinta some of the major restrictions to Unrestricted funds, as reported by FY 2022/23 ACFR are summarized below:
• Non-Spendable: Land Held for Resale $5,403,652
• Non-Spendable: Due from Successor Agency $19,600,793
(Payable in annual installments through FY 2029/30 from the Successor Agency’s Redevelopment Property Tax Trust Fund (RPTTF) enforceable obligations) • Restricted for Pension Trust (Section 115 Trust) $5,317,487 • Reserves – Committed $45,000,000
• Reserves – Assigned $63,824,533
• Internal Service Funds $24,699,097
(Equipment Replacement, Information Technology, Park Equipment and Facilities, and Insurance)
Unassigned Fund Balance
The Unassigned Fund Balance at approximately $36.1 million, as reported by the City’s FY 2022/23 ACFR, are funds that have not been assigned to other Special Revenue Funds and that have not been restricted, committed, or assigned to specific purposes within the General Fund.

The full detail of the $221,443,417 Unrestricted net cash position, as reported in the City’s FY 2022/23 ACFR, is provided in the table below and demonstrates that the City does not have $221.4 million available to meet ongoing obligations due to internal restrictions and obligations:
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The City and City Council have an obligation to La Quinta’s residents/taxpayers to spend/allocate funds responsibly – staying within budget to cover all cost obligations/expenditures to keep the City safe and to maintain City facilities, roads, sidewalks, and parks.

The City Council and Staff remain conservative in spending taxpayers’ dollars. Every year at budget time, surplus funds are put into reserve accounts – some with specific designated uses and others that are unassigned. These funds are available in case of emergencies, such as an earthquake or other natural disaster, or other type of emergency such as a pandemic or recession, and to help meet rising costs as we continue to keep pace with current inflation.

It is vital for the City and for local governments to maintain adequate levels of fund balance to mitigate current and future risks such as revenue shortfalls and unanticipated expenditures. In previous years, it is our fiscally conservative approach that has helped us weather the storms caused by extraordinary events such as the great recession of 2008 and the global pandemic, as well as cyclical economic changes affecting our community. Staff and elected officials understand their fiduciary responsibility to ensure and maintain continuing trust from their citizens and members of the public and feel this document is representative of our efforts.

Governmental Activities- Unrestricted Net Position
Nonspendable
Prepaid Costs 126,461
Land held for resale 5,403,652
Due from Successor Agency 19,600,793
Restricted for
Section 115 Trust 5,317,487
Committed to
Natural Disaster Reserve 15,000,000
Economic Downturn Reserve 13,000,000
Cash Flow Reserve 5,000,000
Capital Replacement Reservie 12,000,000
Carryovers 2,600,009
Assigned for
Public Safety 11,986,970
Sales Tax Reserve 29,214,191
Capital Projects 22,623,372
Unassigned 36,040,901
Internal Service Funds- Unrestricted 24,699,097
Unavailable Revenues: Housing Authority & Non-Major Special Revenue Funds 17,664,177 SUB-TOTAL $ 220,277,110
Business-Type Activities: Unrestricted Net Position (SilverRock) 1,166,307 UNRESTRICTED GRAND TOTAL $ 221,443,417
FY 2022/23 ACFR
Unrestricted Net Position Summary
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NET POSITION (UNRESTRICTED) CATEGORY DEFINITIONS
As stated in Governmental Accounting Standards Board (GASB) Summary of Statement No. 34 – Basic Financial Statements- and Management’s Discussion and Analysis (MD&A) for state and local governments, the definitions provided give a brief description on the categories that make up the unrestricted net position in both governmental activities and business-type activities.

Governmental Activities
Non-spendable includes amounts that cannot be spent on operating expenditures because they are either not in spendable form or are legally or contractually required to be maintained intact. This may include prepaid items, land held for resale, and amounts due from the Successor Agency to pay estimated installment payments of enforceable obligations until obligations of the Former Agency are paid in full and assets have been liquidated.

Restricted includes amounts that are externally imposed by creditors, grantors, contributions, laws and regulations of other governments, or imposed by law. The Section 115 Trust is irrevocably dedicated to funding obligations of the City’s pension beneficiaries, other post-employment beneficiaries or costs of administering the Trust.

Committed includes amounts that can only be used for specific purposes pursuant to constraints imposed by formal action of City’s highest authority, the City Council. The formal action that is required to be taken to establish, modify, or rescind a fund balance commitment is by a resolution. This includes the City’s four (4) defined reserve categories and carryovers for General Fund operational expenditures.

Assigned includes amounts that are constrained by the City’s intent to be used for specific purposes, but are neither restricted nor committed. City Council is authorized to assign amounts to a specific purpose pursuant to the policy-making powers granted through a resolution. This includes Public Safety which represents property tax accumulated and held in trust by the County of Riverside for fire protection, accumulated resources related to the City’s sales tax Measure G, and capital projects which is comprised of carryover balances for capital projects.

Unassigned includes the residual amounts that have not been restricted, committed, or assigned to specific purposes. The General Fund is the only fund that reports a positive unassigned fund balance. The unassigned fund balance may serve as a useful measure of a government’s net resources available for spending at the end of the fiscal year.

Internal Service Funds are used to allocate costs among the City’s various functions.

The City has four (4) internal service funds: Equipment Replacement, Information Technology, Park Equipment and Facilities, and Insurance.

Unavailable Revenues represents when an asset is recorded but the revenue is not yet available, such as a deferred inflow. These deferred resources are reported as 233 CLICK HERE to Return to Agenda
unavailable until such time as the revenue becomes available. The unrestricted net position is the remaining portion of net position that is not externally restricted.

Business-Type Activities represents the City’s enterprise fund to account for the SilverRock Golf Course operations, which is considered a major fund. 234 CLICK HERE to Return to Agenda

ANNUAL COMPREHENSIVE FINANCIAL REPORT
FISCAL YEAR ENDED JUNE 30, 2023
Prepared by: Finance Department
ATTACHMENT 3
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City of La Quinta, California
Annual Comprehensive Financial Report
Year Ended June 30, 2023
Prepared By: Finance Department
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City of La Quinta, California
Table of Contents
June 30, 2023

INTRODUCTORY SECTION
Letter of Transmittal................................................................................................................................................i List of Principal Officers........................................................................................................................................vii Organizational Chart............................................................................................................................................ viii Certificate of Achievement for Excellence in Financial Reporting (GFOA)............................................................ix

FINANCIAL SECTION
Independent Auditor’s Report .................................................................................................................................. 1 Management’s Discussion and Analysis.................................................................................................................... 5 Government Wide Financial Statements
Statement of Net Position................................................................................................................................... 16 Statement of Activities........................................................................................................................................ 18 Government Fund Financial Statements
Balance Sheet – Governmental Funds................................................................................................................. 20 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position............................ 22 Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds........................ 23 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities........................................................................................... 24 Proprietary Fund Financial Statements
Statement of Net Position – Proprietary Funds .................................................................................................. 25 Statement of Revenues, Expenses, and Changes in Fund Net Position – Proprietary Funds ............................. 26 Statement of Cash Flows – Proprietary Funds .................................................................................................... 27 Fiduciary Fund Financial Statements
Statement of Fiduciary Net Position ................................................................................................................... 29 Statement of Changes in Fiduciary Net Position................................................................................................. 30 Notes to Financial Statements ................................................................................................................................ 31

REQUIRED SUPPLEMENTARY INFORMATION
Budgetary Comparison Schedule – General Fund............................................................................................... 73 Budgetary Comparison Schedule – Housing Authority ....................................................................................... 75 Budgetary Comparison Schedule – Disaster Recovery........................................................................................ 76 Schedule of Proportionate Share of the Net Pension Liability – Miscellaneous Plan ......................................... 77 Schedule of Pension Plan Contributions – Miscellaneous Plan........................................................................... 78 Schedule of Changes in the Net OPEB Liability/(Asset) and Related Ratios........................................................ 79 Schedule of OPEB Contributions ......................................................................................................................... 80 Note to Required Supplementary Information ................................................................................................... 81 239 CLICK HERE to Return to Agenda
City of La Quinta, California
Table of Contents
June 30, 2023

COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES
Combining Balance Sheet – Nonmajor Governmental Funds............................................................................. 84 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Governmental Funds.......................................................................................................................... 90 Budgetary Comparison Schedules – Special Revenue Funds
State Gas Tax ....................................................................................................................................................... 96 Library and Museum............................................................................................................................................ 97 Federal Assistance ............................................................................................................................................... 98 SLESA ................................................................................................................................................................... 99 Lighting and Landscaping .................................................................................................................................. 100 Quimby .............................................................................................................................................................. 101 La Quinta Public Safety Officer.......................................................................................................................... 102 Art in Public Places ............................................................................................................................................ 103 South Coast Air Quality...................................................................................................................................... 104 AB 939................................................................................................................................................................ 105 Housing Grants.................................................................................................................................................. 106 Law Enforcement............................................................................................................................................... 107 Measure A ......................................................................................................................................................... 108 Economic Development .................................................................................................................................... 109 AB 1379.............................................................................................................................................................. 110 Budgetary Comparison Schedules – Capital Projects Funds Capital Improvement......................................................................................................................................... 111 Maintenance Facilities DIF Fund ....................................................................................................................... 112 Infrastructure .................................................................................................................................................... 113 Civic Center........................................................................................................................................................ 114 Transportation................................................................................................................................................... 115 Parks and Recreation......................................................................................................................................... 116 Library Development......................................................................................................................................... 117 Community Center ............................................................................................................................................ 118 Street Facility..................................................................................................................................................... 119 Park Facility........................................................................................................................................................ 120 Fire Facility......................................................................................................................................................... 121 Budgetary Comparison Schedules – Debt Service Funds
Financing Authority ........................................................................................................................................... 122 Internal Service Funds
Combining Statement of Net Position............................................................................................................... 124 Combining Statement of Revenues, Expenses and Changes in Fund Net Position........................................... 125 Combining Statement of Cash Flows................................................................................................................. 126 240 CLICK HERE to Return to Agenda
City of La Quinta, California
Table of Contents
June 30, 2023

STATISTICAL SECTION
Net Position by Component (Table 1) ............................................................................................................... 128 Changes in Net Position (Table 2)...................................................................................................................... 130 Changes in Net Position – Governmental Activities (Table 3)........................................................................... 132 Changes in Net Position – Business‐type Activities (Table 4)............................................................................ 134 Fund Balances of Governmental Funds (Table 5).............................................................................................. 136 Changes in Fund Balances of Governmental Funds (Table 6) ........................................................................... 138 Tax Revenue by Source (Table 7)....................................................................................................................... 140 Top 25 Bradley‐Burns Sales Tax Producers (Table 8) ........................................................................................ 141 Top 25 Measure G Sales Tax Producers (Table 9) ............................................................................................. 142 Taxable Sales by Category (Table 10)................................................................................................................ 143 Assessed Value of Taxable Property (Table 11)................................................................................................. 145 Direct and Overlapping Property Tax Rates (Table 12) ..................................................................................... 146 Principal Property Taxpayers (Table 13)............................................................................................................ 147 Property Tax Levies and Collections (Table 14)................................................................................................. 148 Ratios of Outstanding Debt by Type (Table 15)................................................................................................. 149 Ratio of General Bonded Debt Outstanding (Table 16)..................................................................................... 151 Direct and Overlapping Debt (Table 17)............................................................................................................ 152 Legal Debt Margin Information (Table 18)........................................................................................................ 153 Pledged‐Revenue Coverage (Table 19) ............................................................................................................. 155 Demographic and Economic Statistics (Table 20) ............................................................................................. 156 Principal Employers (Table 21).......................................................................................................................... 157 Full‐time City Employees by Function (Table 22).............................................................................................. 158 Operating Indicators by Function (Table 23)..................................................................................................... 159 Capital Asset Statistics by Function (Table 24).................................................................................................. 160 Schedule of Insurance in Force (Table 25) ........................................................................................................ 161 Other Information
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July 19, 2024
To the Citizens of La Quinta, and the Honorable Mayor and Members of the City Council:

It is with great pleasure that we present to you the Annual Comprehensive Financial Report (ACFR) of the City of La Quinta for the fiscal year ending June 30, 2023. The ACFR has been prepared by the Finance Department for the benefit of City Council members, citizens, investors, grantors, employees, and others who may have an interest in the financial well-being of the City.

The ACFR presents information regarding the City’s financial activities. This transmittal letter provides a non-technical summary of the City’s finances, services, achievements, and economic outlook. A more detailed analysis is presented in the Management’s Discussion and Analysis section (MD&A) that immediately follows the independent auditor’s report. The MD&A provides an overview and analysis of the basic financial statements and complements this transmittal.

Responsibility for both the accuracy and the completeness of all disclosures rests with the City of La Quinta. To the best of our knowledge and belief, the enclosed data is accurate in all material respects and is reported in a manner designed to fairly present the financial position and results of City operations. Supplementary disclosures are included to summarize the City’s financial activities.

This ACFR was prepared in conformance with Generally Accepted Accounting Principles (GAAP). The City’s financial reporting is based upon all Governmental Accounting Standards Board (GASB) Statements; these pronouncements are the most authoritative source for governmental GAAP. The City is responsible for ensuring an adequate internal control structure is in place. The internal control structure is subject to constant evaluation by the management of the City and annual review by independent auditors.

Reviews determine the adequacy of the internal control structure, as well as to determine if the City complied with applicable laws and regulations. In reviewing internal control structures, the cost of a control should not exceed the benefits to be derived, hence the objective is to provide reasonable, rather than absolute assurance, that the financial statements are free of any material misstatements.

Eide Bailly LLP, Certified Public Accountants, has issued an unmodified (“clean”) opinion on the City’s financial statements for the year ended June 30, 2023. This is the most favorable conclusion. The independent auditor’s report is located at the front of the i
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financial section. The independent audit involved examining evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and estimates made by management, and evaluating the overall financial statement presentation and conformity with GAAP.

Government Profile
The City of La Quinta is located 120 miles east of Los Angeles in the eastern portion of Riverside County known as the Coachella Valley. The City has a permanent population of approximately 38,000, within a boundary of 36 square miles. Each year nearly 18,000 seasonal residents also call La Quinta home from October through May. A natural paradise in the Coachella Valley, the City is nestled between the Santa Rosa and San Bernardino Mountains, is an integral part of the Coachella Valley’s world-renowned resort and retirement area, and is known for its championship golf, festivals and community events, health and wellness, stunning views and spectacular trails.

The City was incorporated in 1982 as a general law City and became a charter city in November 1996. It is governed by a five-member City Council under the Council/Manager form of government. The Mayor is directly elected, serves a two-year term, and represents the City at many public functions; the four Council Members serve four-year terms, with two Council Members elected every two years. The Mayor and Council Members are elected at large and also serve as the Board of Directors of the Housing and Finance Authorities.

The Council appoints the City Manager, who in turn appoints the Directors of the various departments except for the City Attorney who is appointed by the Council. The Finance Director also serves as the City/Housing Authority Treasurer and the City Manager is also the Executive Director of the Housing Authority.

The City provides a range of services, which include street and infrastructure construction and maintenance; community development and planning; affordable housing programs; code compliance; recreational and cultural activities; and operations management.

The City contracts with other government agencies and private entities for specific services, including police and fire protection, library and museum services, water and sewer service, electricity service, public transit, refuse collection, and street sweeping. ii 244 CLICK HERE to Return to Agenda
The City’s annual operating and capital improvement budgets are adopted by resolutions for the fiscal year that begins July 1st. Separate resolutions are adopted by the City Council and Board of Directors of the Housing and Finance Authorities.

The annual budget is the foundation for the City’s financial planning and control. The budget is prepared by fund, function, department, and line item. Department Directors may transfer line-item resources within a division with the approval of the City Manager.

The City Manager may authorize transfers between divisions and departments.

Local Economy
According to the State of California Employment Development Department, as of October 2023, the unadjusted unemployment rate for La Quinta was 5.5%, which was slightly higher than unadjusted rates for Riverside County’s at 5.4% and the statewide average of

5.0%. Current unemployment rates are greatly impacted by the continuing gains in jobs in the Leisure & Hospitality and Private Education and Health Services sectors.

The City’s dominant industries are tourism, recreation, and retail, with the following being major employers: Desert Sands Unified School District, PGA West and Citrus Club, La Quinta Resort and Club, Costco, and Wal-Mart Super Center.

Throughout the year La Quinta hosts a variety of multi-generational open-air events and shines in the national spotlight as the only PGA golf tour event in the region with the American Express Golf Tournament, which includes two nights of outdoor concerts. The City also co-hosts Ironman 70.3 Indian Wells La Quinta, which brings over 3,000 athletes and supporters from all over the world to the Coachella Valley. The City’s cultural diversity, values, unique characteristics and attributes are commemorated through artists who showcase their high-quality artwork at the fine art event, La Quinta Art Celebration, which is now held twice a year and is ranked number one in the United States by Art Fair Sourcebook’s Top 100 Fine Art Events.

Substantially or entirely completed projects during 2022/23 included Longhorn Steakhouse, Welbe Health, a new Panera drive-thru, and WDC Kitchen & Bath along the Highway 111 Corridor, and Rd Rnnr Restaurant in Old Town La Quinta. iii 245 CLICK HERE to Return to Agenda
Long-term Financial Planning
Sound financial governance and prudent planning continues to be management’s focus.

The City has a long history of providing superior service, life enrichment opportunities, and a quality environment to its residents, businesses, and visitors. La Quinta has taken a proactive approach to rising pension and public safety costs by building its reserve categories and paying down the City’s pension obligations. The City also continues to collaborate with Riverside County and other regional cities on police services to identify long-term savings.

The City ensures that its long-range goals are met through a variety of Boards and Commissions. Each is comprised of Council-appointed residents, may include a City Council representative, and are supported by City staff. In addition, the City has adopted various financial policies and practices with the goal of sustaining a fiscally resilient government over the long-term, assuring fiscal sustainability, as well as increasing transparency and encouraging public engagement.

In 2022/23, the General Fund’s overall fund balance increased by almost $20.1 million when compared to the ending balance in 2021/22, mainly due to revenue increases surpassing budget projections in areas such as transient occupancy taxes and sales tax.

As of June 30, 2023, all four of the City’s reserve categories (Cash Flow Reserve, Natural Disaster, Economic Disaster, and Capital Replacement) are fully funded to policy targets.

In June 2023 the City Council adopted a balanced budget without the use of reserves for fiscal year 2023/24. The adopted budget had operating revenues exceeding expenses by $1,649,350. The 2023/24 budget included sustained funding for essential services, such as police, fire, and maintenance of critical infrastructure.

La Quinta has cultivated a sound foundation of General Fund revenues including sales tax, transient occupancy tax, and property tax. The City was incorporated in 1982 after Proposition 13 was approved (the landmark property tax reform initiative enacted in 1978); as such, the City receives a smaller share of property tax revenue but has also secured additional property tax revenue from the County for fire and library services. iv 246 CLICK HERE to Return to Agenda
The Future
The City has a mixture of housing and commercial developments under construction.

Larger residential developments underway include Jefferson Street Apartments, Solterra, Point Happy Homes, Barcelona Club Apartments (formerly Desert Club Apartments), Cantera at Coral Mountain, and Palo Verde and commercial developments include luxury Montage and lifestyle Pendry hotels, Hampton Inn, and Dune Palms mixed-use project. Approved housing developments on the horizon include La Quinta Village Apartments, Sierra Blanca, and Club at Coral Mountain.

The Highway 111 Corridor Plan (Plan) continues to be a priority with daily traffic exceeding 40,000 vehicles, and accounting for nearly 80% of the City’s annual sales tax revenue. The two mile-long, 400-acre regional commercial hub at the center of the City, is being evaluated to create a more connected and walkable environment through the implementation of form-based code (FBC). FBC is anticipated to reshape the corridor by adding mixed-use and infill development and incorporating ever-evolving shopping trends.

The City recently acquired vacant property on the north side of Highway 111, which is anticipated to be developed as a mixed-use project with commercial and residential components furthering the City’s goals of fostering mixed-use development, affordable housing, multi-modal transportation, and the development of the Highway 111 corridor.

Awards and Acknowledgements
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 for its ACFR for the fiscal year ended June 30, 2022. This was the twenty-sixth consecutive year that the City received this prestigious award. In order to be awarded a Certificate of Achievement, the City must publish an easily readable and efficiently organized ACFR.

This report must satisfy both generally accepted accounting principles and applicable legal requirements.

A Certificate of Achievement is valid for one year. We believe that our current ACFR continues to meet the Certificate of Achievement Program’s requirements and we are submitting it to the GFOA to determine its eligibility for another certificate.

We would like to express our appreciation to the City Council and the Financial Advisory Commission for their ongoing oversight of the financial affairs of the City and their prudent fiscal, economic, and land use policy and direction. We also thank City staff with v
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special appreciation to the Finance Department for their continued effort to provide accurate financial data and the preparation of this report.

Respectfully Submitted,
Jon McMillen, City Manager Claudia Martinez, Finance Director vi 248 CLICK HERE to Return to Agenda
vii
City of La Quinta
List of Principal Officers
June 30, 2023

CITY COUNCIL
Linda Evans, Mayor
Steve Sanchez, Mayor Pro Tem
Kathleen Fitzpatrick, Council Member
Deborah McGarrey Council Member
John Peña, Council Member

ADMINISTRATION
Jon McMillen, City Manager
Claudia Martinez, Finance Director/ City Treasurer
Danny Castro, Design and Development Director
Bryan McKinney, Public Works Director/ City Engineer
Gilbert Villalpando, Business Unit/Housing Development Director Monika Radeva, City Clerk
William H. Ihrke, City Attorney
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viii
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ix
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10681 Foothill Blvd., Ste. 300 | Rancho Cucamonga, CA 91730-3831 | T 909.466.4410 | F 909.466.4431 | EOE 1 Independent Auditor’s Report
To the Honorable Mayor and Members of City Council
City of La Quinta, California
Report on the Audit of the Financial Statements
Opinions
We have audited the financial statements of the governmental activities, business‐type activities, each major fund, and the aggregate remaining fund information of the City of La Quinta, California (City), as of and for the year ended June 30, 2023, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents.

In our opinion, the accompanying financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business‐type activities, each major fund, and the aggregate remaining fund information of the City, as of June 30, 2023, and the respective changes in financial position, and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States (Government Auditing Standards). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Adoption of New Accounting Standard
As discussed in Note 1 and 18 to the financial statements, the City has adopted the provisions of Government Accounting Standards Board (GASB) Statement No. 96, Subscription‐Based Information Technology Arrangements (SBITAs), for the year ended June 30, 2023. Accordingly, a restatement has been made to the governmental activities net position as of July 1, 2022, to restate beginning net position. Our opinions are not modified with respect to this matter. 253 CLICK HERE to Return to Agenda
2 Correction of Error
As discussed in Note 18 to the financial statements, certain errors resulting in a misstatement of amounts previously reported for Governmental Activities Capital Assets, activities of the Housing Authority, and activities of the Private‐Purpose Trust Fund Successor Agency of the former RDA as of June 30, 2022, were discovered during the current year. Accordingly, a restatement has been made to the Governmental Activities, the Housing Authority and the Private‐Purpose Trust Fund Successor Agency of the former RDA net position/fund balance as of June 30, 2022, to correct the error. Our opinions are not modified with respect to this matter.

Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.

Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS and Government Auditing Standards, we:
 Exercise professional judgment and maintain professional skepticism throughout the audit.  Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
 Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, no such opinion is expressed.
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3  Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
 Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.

Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis, schedule of the City’s proportionate share of the net pension liability, schedule of pension plan contributions, schedule of changes in the net OPEB liability/(asset) and related ratios, schedule of OPEB contributions, and the budgetary comparison schedules for the General Fund, Housing Authority and Disaster Recover special revenue funds and the related notes, as listed on the table of contents, be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The combining and individual fund statements and schedules are presented for purposes of additional analysis and are not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining and individual fund statements and schedules are fairly stated, in all material respects, in relation to the basic financial statements as a whole.
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4 Other Information
Management is responsible for the other information included in the annual report. The other information comprises the introductory, the statistical sections and the Project Status: Highway 111 Bridge Funding but does not include the basic financial statements and our auditor's report thereon. Our opinions on the basic financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the basic financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.

Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated July 19, 2024, on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance.

Rancho Cucamonga, California
July 19, 2024
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4 MANAGEMENT DISCUSSION

AND ANALYSIS
(UNAUDITED)
This narrative provides an overview and analysis of the City of La Quinta’s (City) financial activities for the fiscal year ending June 30, 2023. The City Executive Team encourages readers to consider this information in conjunction with the data provided in our transmittal letter, which is in an earlier section of this report. All amounts, unless otherwise indicated, are rounded to the nearest thousand dollars and dates are represented by fiscal year. 257 CLICK HERE to Return to Agenda
5 HIGHLIGHTS
At the close of 2022/23 (June 30, 2023):
• The total assets and deferred outflows of the City exceeded its total liabilities and deferred inflows at the close of the fiscal year 2022/23 by $858,597,000 (net position). Of this amount, $221,443,000 (unrestricted net position) may be used to meet ongoing obligations and approximately $574,870,000 or 67% was invested in capital assets and is not available to meet ongoing obligations. • Governmental activities total net position increased by $35,135,000 and the Business-Type total net position decreased by $120,000 which is attributable to the SilverRock Golf Course.
• Governmental funds (General Fund, Housing Authority, Disaster Recovery Fund, Capital Improvement Fund, sixteen (16) non-major special revenue funds, ten (10) non-major capital projects funds, and one (1) non-major debt service fund) had a combined ending fund balance of $239,820,000, an increase of $19,852,000. The primary reasons for this increase can be attributed to taxes exceeding the original budget projections coupled with expenditure savings and a positive fair market value adjustment to the overall investment portfolio. • The unassigned General Fund balance comprised $44,105,000, or 24%, of the total $185,978,000 balance and represented 39% of total final General Fund budgeted expenses including transfers and multi-year capital projects. • Total governmental activities debt decreased by $254,000 from $1,957,000 to $1,703,000.

OVERVIEW
Government-Wide Financial Statements
The government-wide financial statements provide a broad overview of the City’s finances. There are two statements – statement of net position and statement of activities, as described below.

The statement of net position presents information on all City assets and deferred outflows of resources as well as liabilities, and deferred inflows of resources, with the difference between the two reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the City’s financial position is improving or deteriorating.

The statement of activities presents information showing how the government's net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event occurs giving rise to the change, 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, for example, earned but unused vacation leave.

Both of these government-wide financial statements distinguish City functions, which are principally supported by taxes, fees, and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or 258 CLICK HERE to Return to Agenda
6 a significant portion of their costs through user charges (business-type activities).

Governmental activities include general government, public safety, community services, planning and development and public works; business-type activities include the SilverRock Golf course operations.

The government-wide financial statements include not only the City of La Quinta (known as the primary government), but also the La Quinta Financing Authority and the La Quinta Housing Authority. Although legally separate entities, they function for all practical purposes as City departments.

The government-wide financial statements are listed in the table of contents under the Financial Section of this report.

Fund Financial Statements
A fund is a grouping of related accounts and 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 compliance with finance-related legal requirements. All City’s funds are aggregated 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 a government's near-term financing requirements.

Because the focus is narrower than the government-wide financial statements, it is useful to compare this information 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 government's nearterm financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.

The City maintains thirty-one (31) individual governmental funds, which are distinguished between major and non-major 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. There are four (4) major governmental funds: the General Fund, the Housing Authority special revenue fund, the Disaster Recovery special revenue fund, and the Capital Improvement capital project fund. Data from the other twenty-seven (27) governmental funds are combined into a single, aggregate presentation.

Individual fund data for each of these non-major governmental funds is provided in the form of combining statements in the Combining and Individual Fund Statements and Schedules section of the report.
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7 The City adopts an annual budget for its General Fund. A budgetary comparison schedule has been provided to demonstrate compliance with the adopted budget.

The basic governmental fund financial statements can be found in the table of contents under the heading Basic Financial Statements.

Proprietary Funds
Proprietary funds are broken down into enterprise and internal service funds.

Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The City maintains one (1) enterprise fund to account for the SilverRock Golf Course operations, which is considered a major fund.

Internal service funds are used to allocate costs among the City’s various functions. The City has four (4) internal service funds: Equipment Replacement, Information Technology, Park Equipment and Facilities, and Insurance. Because these four (4) services predominantly benefit governmental rather than businesstype functions, they have been included within governmental activities in the government-wide financial statements. 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 on the Combining and Individual Fund Statements and Schedules section of the report.

The basic proprietary fund financial statements are listed in the table of contents under Proprietary Funds: Statement of Net Position, Statement of Revenues, Expenses and Changes in Fund Net Position, and Statement of Cash Flows.

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 City reports on two fiduciary funds: 1) the Supplemental Pension Trust fund which accounts for the Defined Contribution Pension Trust established to provide supplemental retirement benefits for employees, and (2) Successor Agency of the Former RDA Private-Purpose Trust Fund which provides for activities associated with the dissolution of the former Redevelopment Agency.

The basic fiduciary fund financial statements are listed in the table of contents under Fiduciary Funds: Statement of Net Position – Fiduciary Funds and Changes in Net Position – Fiduciary Funds.

Notes to the Financial Statements
The notes to the financial statements provide information that is essential to obtain a full understanding of the data provided in the government-wide and fund financial statements. These notes are listed in the table of contents under Notes to Financial Statements.
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8 Other Information
In addition to the financial statements and accompanying notes, this report also presents the combining statements referred to earlier in connection with non-major governmental funds, internal service funds, and agency funds. The non-major governmental funds’ combining statements are presented immediately following the Required Supplementary Information while the combined statements for the internal service funds and agency funds are presented following the budgetary comparison schedules for the debt service funds.

GOVERNMENT-WIDE FINANCIAL ANALYSIS
As noted earlier, net position may serve over time as a useful indicator of a government's financial position. The City’s net position, the difference between assets and liabilities and deferred inflows/outflows, is one way to measure the City’s financial health or financial position. Over time, increases or decreases in the City’s net position indicate whether its financial health is improving or deteriorating. The City’s net position increased from $823,582,00 to $858,597,000 at the close of the 2022/23, which is $35,015,000 more than the previous year. Increases were reflected in restricted and unrestricted net position for governmental activities.

The largest portion of the City’s Net Position ($560,189,000 or 68% for 2021/22 and $574,870,000 or 67% for 2022/23) reflects investment in capital assets (e.g., land, buildings; machinery, and equipment), net of related debt. The City uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending.

City of La Quinta Net Position
An additional portion of the City's net position ($62,284,000 or 7% in 2023 and $54,412,000 or 7% in 2022) represents resources that are subject to external restrictions on how they may be used. The remaining balance of unrestricted net position $221,443,000 (26%) may be used to meet the government's ongoing obligations to citizens and creditors.

At the end of 2022/23, the City had positive balances in all three categories of net position for the governmental and business-type activities.

Current and other assets $ 281,978,427 $ 309,087,961 10% $ 1,432,615 $ 1,546,130 8% $ 283,411,042 $ 310,634,091 10% Capital assets 517,859,684 533,177,093 3% 43,057,599 42,558,046 -1% 560,917,283 575,735,139 3% Total Assets 799,838,111 842,265,054 5% 44,490,214 44,104,176 -1% 844,328,325 886,369,230 5% Deferred outflows of
resources 6,456,532 19,619,118 204% - - 0% 6,456,532 19,619,118 204% - - 0%
Current liabilities 25,399,471 26,214,135 3% 395,781 379,823 -4% 25,795,252 26,593,958 3% Non-current liabilities 8,838,729 15,253,979 73% 565,837 315,520 0% 9,404,566 15,569,499 66% Total Liabilities 34,238,200 41,468,114 21% 961,618 695,343 -28% 35,199,818 42,163,457 20% Deferred inflows of resources 9,328,726 5,227,571 -44% - - 0% 9,328,726 5,227,571 -44% Net Position:

Net investment in capital
assets 517,697,036 532,627,757 3% 42,491,762 42,242,526 -1% 560,188,798 574,870,283 3% Prior Period Adjustment (Net) 17,325,415 - -100% - - 0% - - 0% Restricted 54,412,358 62,283,620 14% - - 0% 54,412,358 62,283,620 14% Unrestricted 190,618,323 220,277,110 16% 1,036,834 1,166,307 12% 191,655,157 221,443,417 16% Total Net Position $ 780,053,132 $ 815,188,487 5% $ 43,528,596 $ 43,408,833 0% $ 823,581,728 $ 858,597,320 4% %
Change
2022
As Restated 2023 2022As Restated 2023 2022As Restated 2023 Governmental Activities
%
Change
Business-Type Activities
%
Change
Total by Fiscal Year
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9 Governmental Activities
Governmental activities net position increased by $35,135,000 accounting for a positive 5% percent change in the net position from the previous year. Key elements of these changes are as follows:

City of La Quinta Changes in Net Position
Governmental revenues overall increased by $12,017,000 with the largest increases being $4,840,000 in investment income, followed by $4,208,000 for fair value of investments and $2,873,000 in property taxes.

Expenses for Governmental Activities increased by $5,807,000 (an 8% increase when compared to 2021/22). The $7,480,000 increase in General Government reflects the additional discretionary payment made for the City’s unfunded pension obligation in 2022/23. A decrease in Planning & Development totaling $1,570,000 was the result of reduced programs such as the Small Business relief programs offered during the pandemic. As noted earlier Governmental Activities include 31 individual governmental funds and include capital asset activity allocated on a percentage basis by department. Additional information on capital asset activity distribution can be found in Note 4.
• The General Fund contributed $600,000 to the business-type activities of the golf course. Funds were utilized to support operations per the adjusted budget.

Business-Type Activities
This was the eighteenth full year of operations for the SilverRock Golf Resort since the golf course opened in 2005.

Charges for services primarily consisted of green fees which totaled $4,767,000, $88,000 higher than the previous year, with golf course expenses of $5,520,000, which were $774,000 or approximately 16% more than the previous year.

PROGRAM REVENUES:

Charges for Services $ 6,883,385 $ 6,551,700 $ (331,685) $ 4,679,163 $ 4,767,458 $ 88,295 $ 11,562,548 $ 11,319,158 $ (243,390) Operating Grant s and Contributions 5,786,773 7,136,358 1,349,585 - - - 5,786,773 7,136,358 1,349,585 Capital Grant s and Contributions 11,952,031 8,760,788 (3,191,243) - - - 11,952,031 8,760,788 (3,191,243)

GENERAL REVENUES & TRANSFERS -
Property Taxes 17,823,858 20,697,081 2,873,223 - - - 17,823,858 20,697,081 2,873,223 Other Taxes 50,610,128 51,942,858 1,332,730 - - - 50,610,128 51,942,858 1,332,730 Investment Income 219,164 5,058,717 4,839,553 4,329 12,456 8,127 223,493 5,071,173 4,847,680 Net Change in Fair Value of Investments (5,727,183) (1,519,171) 4,208,012 (45,279) 20,665 65,944 (5,772,462) (1,498,506) 4,273,956 Motor Vehicle In Lieu 4,663,327 5,110,569 447,242 - - - 4,663,327 5,110,569 447,242 Miscellaneous 943,160 1,432,619 489,459 - - - 943,160 1,432,619 489,459 TOTAL REVENUES 93,154,643 105,171,519 12,016,876 4,638,213 4,800,579 162,366 97,792,856 109,972,098 12,179,242 EXPENSES:

General Government 9,733,224 17,213,248 7,480,024 - - - 9,733,224 17,213,248 7,480,024 Public Safety 25,741,782 25,457,350 (284,432) - - - 25,741,782 25,457,350 (284,432) Planning & Development 4,716,745 3,146,264 (1,570,481) - - - 4,716,745 3,146,264 (1,570,481) Community Services 8,439,863 9,550,001 1,110,138 - - - 8,439,863 9,550,001 1,110,138 Public Works 14,985,480 14,043,797 (941,683) - - - 14,985,480 14,043,797 (941,683) Interest on Long-Term Debt 11,914 25,504 13,590 - - - 11,914 25,504 13,590 Golf Course - - - 4,746,281 5,520,342 774,061 4,746,281 5,520,342 774,061 TOTAL EXPENSES 63,629,008 69,436,164 5,807,156 4,746,281 5,520,342 774,061 68,375,289 74,956,506 6,581,217 Excess or Deficiency before Transfers &
Extraordinary Items 29,525,635 35,735,355 6,209,720 (108,068) (719,763) (611,695) 29,417,567 35,015,592 5,598,025 TRANSFERS & EXTRAORDINARY ITEMS:

Extraordinary Gain on Dissolution of RDA 609,515 - (609,515) - - - 609,515 - (609,515) Transfers (550,000) (600,000) (50,000) 550,000 600,000 50,000 - - - Inc rease in Net Position 29,585,150 35,135,355 5,550,205 441,932 (119,763) (561,695) 30,027,082 35,015,592 4,988,510 Prior Period Adjustment (Net) 17,325,415 - (17,325,415) - - - 17,325,415 - (17,325,415) Net Position - Beginning 733,142,567 780,053,132 46,910,565 43,086,664 43,528,596 441,932 776,229,231 823,581,728 47,352,497 NET POSITION - ENDING 780,053,132 $ $ 815,188,487 $ 35,135,355 $ 43,528,596 $ 43,408,833 $ (119,763) $ 823,581,728 $ 858,597,320 $ 35,015,592 2022
As Restated 2023 Change
Governmental Activities Business-Type Activities Total by Fiscal Year 2022
As Restated 2023 Change 2022As Restated 2023 Change
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10 In 2022/23, the General Fund transferred $600,000 to the SilverRock Golf Fund to support operations. After this transfer, the net position decreased by $120,000.

FINANCIAL ANALYSIS OF THE GOVERNMENT’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. Such information is useful in assessing the City's financing requirements. In particular, unassigned fund balance may serve as a useful measure of a government's net resources available for spending at the end of the fiscal year.

As of the end of 2022/23, the City's governmental funds reported combined ending fund balances as follows:

City of La Quinta Governmental Fund Balances
Governmental fund balances ended the year totaling $239,820,000, an increase of $19,852,000 in comparison with the prior years’ ending balance of $219,968,000.

These collective fund balances include the General Fund, Housing Authority, Financing Authority, Capital Improvement Fund, and various Special Revenue funds.

Nonspendable
Nonspendable fund balance totaled $25,131,000 or 10%; this represents amounts that are not available to pay for operating expenditures because they are in the form of land and receivables.

Restricted
Restricted fund balance totaled $67,224,000 or 28%; these amounts represent funds with external limitations on spending. Significant restrictions include: Section 115 trust of $5,317,000 restricted for pension liabilities; Library and Museum totaling $11,547,000 which represents property tax increment money that can only be used for library and museum services; Measure A funding of $4,114,000 which can only be used for transportation; Transportation capital project fund of $5,518,000 in developer fees that are restricted for the acquisition, construction and improvement of the City’s infrastructure; and Economic Development funding of $3,283,000 that can only be used for future economic development in the City.

Category General Fund Percent All Other Funds Percent Total Funds Percent Nonspendable 25,130,438 $ 14% $ 0.001% 25,130,906 468 $ 10% Restricted 5,317,487 3% 61,906,132 115% 67,223,619 28%
Committed 47,600,009 26% 0% 47,600,009 - 20%
Assigned 63,824,533 34% 0% 63,824,533 - 27%
Unassigned 44,105,041 24% (8,064,140) -15% 36,040,901 15% TOTAL 185,977,508 $ 100% 53,842,460 $ 100% 239,819,968 $ 100% 263 CLICK HERE to Return to Agenda
11 Committed
$47,600,000 (20%) are committed fund balances which are the result of self-imposed limitations established by the City Council. The City adopted a Reserve Policy in May 2018 which established General Fund committed reserve categories including Natural Disaster Reserves, Economic Disaster Reserves, Cash Flow Reserves, and Capital Replacement Reserves. As of June 30, 2023, all of these categories are fully funded to target levels.

Assigned
Assigned funds are constrained by the City’s intent to use them for specific purposes and represent a total of $63,825,000 (27%) of the total fund balance. $22,623,000 represents funds for approved multi-year capital projects that were not spent by the end of the year, therefore they are carried over until the projects are completed.

Available Measure G sales tax revenue ended the year at $29,214,000 and $11,987,000 represents funds held in trust with the County of Riverside for fire services.

Unassigned
The remaining fund balance or $36,041,000 represents unassigned fund balances or the residual net resources after taking into consideration the other classifications. The Capital Improvement Fund accounted for $6,100,000 of the negative $8,064,000 balance of all other funds. The remaining negative balance was largely attributed to the Library Development Impact Fee Fund. This amount represents an advance due to the Redevelopment (RDA) Successor Agency and is included in the Successor Agency of the former RDA as a receivable.

General Fund
The General Fund is the City’s chief operating fund. At the end of 2022/23, the unassigned fund balance was $44,105,000 while total fund balance was $185,978,000.

The General Fund balance increased by $20,070,000 in 2022/23. Key factors were:
• A year-over-year decrease of $2,236,000 in non-spendable is attributed the 2022/23 Redevelopment Agency loan repayment of $2,696,000 offset by interest earnings of $381,000 resulted in a net decrease of $2,315,000 in Due from Other Governments. The outstanding loan balance of $24,501,000 is recognized as 80% in the General Fund and 20% in the Housing Authority Fund.
• Restricted reserves are limited to funds held in a Section 115 Pension Trust set aside to fund the City’s pension obligations. The trust was initially established in 2018/19 with $6,540,000 and in 2019/20 an additional $3,460,000 was deposited. In FY 2022/23, a one-time additional discretionary payment of $5,000,000 was made to CalPERS to pay down the City’s unfunded pension obligations utilizing pension trust funds.
• Committed reserves increased by $10,391,000 due to operational carryovers and due to the recent update to the City’s Reserve Policy which include increasing and funding the new target levels for the Natural Disaster 264 CLICK HERE to Return to Agenda
12 Emergency Reserves, Economic Downturn Reserves, and the Capital Improvement Reserves categories.
• An increase of $6,524,000 in assigned reserves was due to Measure G sales tax reserve ($13,859,000) and the advanced funding no longer needing to be subsidized by the City which has been placed back in reserves and ($803,000) in the fire services trust. Assigned to public safety represents property tax accumulated and held in trust by the County of Riverside for fire protection, disaster preparedness and response, fire prevention, rescue, hazardous materials mitigation, technical rescue response, medical emergency services, and public service assistance (the County and City negotiated an agreement wherein the County fire service property tax revenue generated in the two former City redevelopment project areas is pledged to the City to fund the aforementioned services). This portion of assigned fund balance as of June 30, 2023 is $11,987,000. These increases combined with a decrease in multi-year Capital Projects ($8,138,000) contributed to the overall increase in assigned reserves.

Housing Authority Fund
The Housing Authority Fund is used to account for the activities of the Housing Authority; the Housing Authority invests in programs and projects that preserve and increase the supply of affordable housing in the City. The fund balance decreased by $496,000 to end the year at $26,366,000.

Capital Improvement Fund
The Capital Improvement Fund is primarily used to record the expenditures for capital projects. The fund had forty-seven (47) active Capital Improvement Projects budgeted during 2022/23. The five most active projects were:
• Dune Palms Bridge Improvements ($4,050,000)
• La Quinta Landscape Renovation Improvements ($2,923,000) • Avenue 53 and Jefferson Roundabout ($2,758,000)
• Citywide Striping Refresh ($295,000)
• Highway 111 Corridor Area Plan Improvements ($285,000) These projects, along with others, leveraged State or Federal grant funds or were significantly supported with Measure G sales tax revenues.

PROPRIETARY FUNDS
The City of La Quinta's proprietary funds provide the same type of information found in the government-wide financial statements, but in more detail. 265 CLICK HERE to Return to Agenda
13 The financial activities of the City enterprise fund are addressed in the discussion of the City’s business-type activities. In addition, the City has four (4) internal service funds to accumulate resources for equipment and vehicle replacement, information technology, insurance, and park equipment and facility replacement.

GENERAL FUND BUDGETARY HIGHLIGHTS
Most General Fund revenues experienced positive variances when compared to the final budget specifically related to use of money and property and tax revenues.

Revenue appropriations and transfers in increased by $17,428,000 between the original ($68,321,000) and final amended budget ($85,749,000). The category representing the largest variances is taxes which represents 76% of all General Fund revenues.

Actuals for taxes include the three largest funding sources for the City – sales taxes $28,888,000, transient occupancy taxes (TOT) $16,688,000, and property taxes $11,224,000. Combined, these top three revenues account for $56,800,000 or 87% of all taxes, resulting in a $1,864,000 increase from the prior fiscal year primarily in property taxes and sales taxes offset by a decrease in transient occupancy taxes.

The Extraordinary Item includes $381,000 to record the annual former Redevelopment Agency loan repayment interest earned in 2022/23. The loan repayments are structured to pay all principal first, then interest. Each year the City records the payment received and interest earned in accordance with the State Department of Finance approved loan repayment schedule. Loan repayments are not budgeted; these funds are recognized in unassigned reserves and reduce non-spendable reserves each year. Furthermore, 80% of the extraordinary gain is recognized in the General Fund and 20% in the Housing Authority Fund.

Expenditure appropriations and transfers out increased by $49,652,000 between the original ($64,651,000) and final amended budget ($114,303,000) which included the following significant change:
• $30,762,000 in operational and capital improvement project carryover appropriations from prior fiscal years to 2022/23 as approved by City Council.

CAPITAL ASSET AND DEBT ADMINISTRATION
Capital Assets
The City’s capital assets for its governmental and business-type activities as of June 30, 2023, were $575,735,000 (net of accumulated depreciation). This includes land, right of way, buildings and improvements, machinery and equipment, streets and bridges, construction in progress, and the right to use leased assets. The investment in capital assets decreased by $472,000 in 2022/23 primarily due to an increase in construction in progress.

The following chart lists the asset categories for governmental and business-like activities net of depreciation:
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14 City of La Quinta Capital Assets (net of depreciation) Major capital asset events under Governmental Activities included the following:
• Recording infrastructure improvements, street improvements, street right of way, street sidewalks and curbs and gutters, traffic signals, street medians, and construction in progress.

Business-Type Activities
The Golf Course capital asset balance at June 30, 2023, was $42,558,000, net of accumulated depreciation. The balance decrease of $500,000 reflects accumulated depreciation and amortization expensed in 2022/23.

Additional information on the City of La Quinta’s capital assets can be found in Note 4 to the financial statements.

Long-Term Debt
At the end of 2022/23, the City governmental activities had total outstanding debt of $1,703,000, which is $254,000 less than the previous year. Of the total amount, $53,000 represents leases and $1,154,000 in employee compensated absences.

City of La Quinta Outstanding Debt
Additional information on long-term debt can be found in Note 5 of the financial statements.
2022
As Restated 2023
2022
As Restated 2023
2022
As Restated 2023
Land $ 81,790,496 $ 83,717,732 $ 39,712,956 $ 39,712,956 $ 121,503,452 $ 123,430,688 Buildings & Improvements 36,203,626 36,354,815 2,698,640 2,484,095 38,902,266 38,838,910 Equipment & Furniture 1,127,854 1,147,737 82,227 49,910 1,210,081 1,197,647 Vehicles 917,322 1,281,556 - - 917,322 1,281,556
Infrastruc ture 394,887,936 401,770,282 - - 394,887,936 401,770,282 Right to use Leased Assets 157,485 49,643 563,778 311,085 721,263 360,728 Right to use Subscription IT Assets 945,351 592,321 - - 945,351 592,321 Construction in Progress 17,119,485 8,263,007 - - 17,119,485 8,263,007 TOTAL 533,149,555 $ $ 533,177,093 $ 43,057,601 $ 42,558,045 $ 576,207,156 $ 575,735,138 Governmental Activities Business-Type Activities Total By Fiscal Year Description
Debt Type:
2022
As Restated 2023
Leases $ 162,648 $ 53,111
Financed Purchases 22,079 551
Compensated Absences 962,229 1,154,090
Subscription IT liabilities 810,483 495,674
TOTAL 1,957,439 $ $ 1,703,426
Governmental Activities
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15 REQUEST FOR INFORMATION
This financial report is designed to provide a general overview of the City’s finances.

Questions concerning this information or requests for additional information should be addressed to the City of La Quinta, Claudia Martinez, Finance Director/City Treasurer, 78-495 Calle Tampico, La Quinta, CA, 92253, by telephone at 760-777-7055, or by email at finance@laquintaca.
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See Notes to Financial Statements   16
City of La Quinta, California
Statement of Net Position
June 30, 2023
Governmental Business‐Type
Activities Activities Total
Assets
Cash and investments $     228,672,516 $         1,183,294 $     229,855,810 Restricted cash and investments            5,317,487 ‐                      5,317,487 Receivables
Accounts            1,650,990 ‐                      1,650,990 Taxes            7,581,730 ‐                      7,581,730 Notes and loans          22,494,501 ‐                    22,494,501 Accrued interest            5,568,153      554            5,568,707 1,432,355 ‐                      1,432,355
Prepaid costs               379,516 ‐                         379,516 Deposits                 47,964               250,000               297,964 Due from other governments          30,161,609 ‐                    30,161,609 Inventories       ‐               112,282               112,282 Land held for resale            5,403,652 ‐                      5,403,652 Net OPEB asset               377,488 ‐                         377,488 Capital assets not being depreciated        378,055,087          39,712,956        417,768,043 Capital assets, net of depreciation        154,480,042            2,534,005        157,014,047 Right to use lease assets, net of
accumulated amortization                 49,643               311,085               360,728 Right to use subscription IT assets, net of
accumulated amortization               592,321 ‐                         592,321 Total assets        842,265,054          44,104,176        886,369,230 Deferred Outflows of Resources
Deferred amounts related to OPEB               369,541 ‐                         369,541 Deferred amounts related to pensions          19,249,577 ‐                    19,249,577 Total deferred outflows of resources          19,619,118 ‐                    19,619,118 Liabilities
Accounts payable            6,655,971               343,903            6,999,874 Accrued liabilities               649,254 ‐                         649,254 Unearned revenue          11,468,560 ‐                    11,468,560 Deposits payable            6,319,068                 35,500            6,354,568 Accrued interest    51      420        471
Due to other governments            1,121,231 ‐                      1,121,231 Noncurrent liabilities
Due within one year               694,575               191,659               886,234 Due in more than one year          14,559,404               123,861          14,683,265 Total liabilities          41,468,114               695,343          42,163,457 Primary Government
Leases
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See Notes to Financial Statements   17
City of La Quinta, California
Statement of Net Position
June 30, 2023
Governmental Business‐Type
Activities Activities Total
Primary Government
Deferred Inflows of Resources
Deferred amounts related to OPEB 591,305 $             ‐ $                          $            591,305 Deferred amounts related to pensions 3,284,647             ‐                      3,284,647 Deferred amounts related to leases 1,351,619             ‐                      1,351,619 Total deferred inflows of resources 5,227,571             ‐                      5,227,571 Net Position
Net investment in capital assets 532,627,757                  42,242,526        574,870,283 Restricted for
Planning and development projects          27,585,913 ‐                    27,585,913 Public safety            1,278,307 ‐                      1,278,307 Public works            7,535,519 ‐                      7,535,519 Capital projects            9,794,607 ‐                      9,794,607 Community services          15,711,786 ‐                    15,711,786 Other               377,488 ‐                         377,488 Unrestricted        220,277,110            1,166,307        221,443,417 Total net position $     815,188,487 $       43,408,833 $     858,597,320 271 CLICK HERE to Return to Agenda
See Notes to Financial Statements   18
City of La Quinta, California
Statement of Activities
Year Ended June 30, 2023
Operating Capital
Charges for Contributions Contributions
Functions/Programs Expenses Services and Grants and Grants Primary Government
General government 17,213,248 $        $         1,716,965 $              20,138 $             272,066 Public safety 25,457,350                 555,423 ‐              170,167 Planning and development            3,146,264    1,356,426        138,974       4,010,626 Community services            9,550,001       185,979     5,987,860 ‐ Public works          14,043,797    2,736,907        989,386       4,307,929 Interest on long‐term debt       25,504 ‐    ‐     ‐
Total governmental activities          69,436,164    6,551,700     7,136,358       8,760,788 Business‐Type Activities
Golf Course            5,520,342    4,767,458     ‐ ‐
Total primary government $       74,956,506 $       11,319,158 $         7,136,358 $          8,760,788 General Revenues
Taxes
Property taxes, levied for general purpose
Transient occupancy taxes
Sales taxes
Franchise taxes
Business licenses taxes
Other taxes
Motor vehicle in lieu ‐ unrestricted
Investment income
Net change in fair value of investments
Other
Transfers
Total General Revenues and Transfers
Change in Net Position
Net Position at Beginning of Year, as restated
Net Position at End of Year
Program Revenues
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See Notes to Financial Statements   19
City of La Quinta, California
Statement of Activities
Year Ended June 30, 2023
Total
Program Governmental Business‐Type
Revenues Activities Activities Total
$         2,009,169 $      (15,204,079) $                         ‐ $      (15,204,079) 725,590       (24,731,760) ‐                        (24,731,760) 5,506,026          2,359,762 ‐                    2,359,762 6,173,839         (3,376,162) ‐                   (3,376,162) 8,034,222         (6,009,575) ‐                   (6,009,575) ‐              (25,504) ‐                        (25,504) 22,448,846       (46,987,318) ‐                        (46,987,318) 4,767,458 ‐                         (752,884)       (752,884) $       27,216,304       (46,987,318)              (752,884)         (47,740,202) 20,697,081 ‐                  20,697,081
19,262,569 ‐                  19,262,569
28,888,079 ‐                  28,888,079
2,375,729 ‐                    2,375,729
489,738 ‐                       489,738
926,743 ‐                       926,743
5,110,569 ‐                    5,110,569
5,058,717     12,456     5,071,173
(1,519,171)     20,665    (1,498,506)
1,432,619 ‐                    1,432,619
(600,000)   600,000 ‐
82,122,673   633,121   82,755,794
35,135,355              (119,763)   35,015,592
780,053,132          43,528,596        823,581,728
$     815,188,487 $       43,408,833 $     858,597,320
Primary Government
Net (Expense) Revenue and Changes in Net Position
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See Notes to Financial Statements     20
City of La Quinta, California
Balance Sheet – Governmental Funds
June 30, 2023
Capital Projects
Fund Other Total
Housing Disaster Capital Governmental Governmental
General Authority Recovery Improvement Funds Funds
Assets
Pooled cash and investments 153,479,076 $      $        19,341,514 $             9,928,036 $                         ‐ $        34,338,192 $      217,086,818 Restricted cash and investments 5,317,487                             ‐                               ‐                             ‐                             ‐             5,317,487 Receivables
Accounts               442,644                103,604                               ‐                934,765                169,977             1,650,990 Taxes            6,946,383                             ‐                               ‐                             ‐                635,347             7,581,730 Notes and loans                            ‐           22,494,501                               ‐                             ‐                             ‐           22,494,501 Accrued interest               130,076             5,388,914                       8,794                             ‐                  30,106             5,557,890 Leases 1,432,355                             ‐                               ‐                             ‐                             ‐             1,432,355 Prepaid costs               125,993                             ‐                               ‐                             ‐                        468                126,461 Deposits                            ‐                  47,964                               ‐                             ‐                             ‐                  47,964 Due from other governments 20,898,192                       4,900,199                               ‐             2,778,080             1,585,138           30,161,609 Due from other funds            2,796,975                             ‐                               ‐                             ‐                             ‐             2,796,975 Land held for resale            5,403,652                             ‐                               ‐                             ‐                             ‐             5,403,652 Total assets $     196,972,833 $        52,276,696 $             9,936,830 $          3,712,845 $        36,759,228 $      299,658,432 Liabilities, Deferred Inflows of
Resources and Fund Balances
Liabilities
Accounts payable $         2,517,578 $               68,780 $                            ‐ $          2,652,202 $             788,168 $          6,026,728 Accrued liabilities               572,702                  19,697                               ‐                             ‐                  44,574                636,973 Unearned revenues                            ‐                             ‐                9,987,008             1,481,552                             ‐           11,468,560 Deposits payable            6,292,718                  26,350                               ‐                             ‐                             ‐             6,319,068 Due to other governments                   2,604                             ‐                               ‐                             ‐             1,118,627             1,121,231 Due to other funds                            ‐                             ‐                               ‐             1,965,854                831,121             2,796,975 Total liabilities            9,385,602                114,827                9,987,008             6,099,608             2,782,490           28,369,535 Deferred Inflows of Resources
Unavailable revenue               258,104           25,796,035                               ‐             3,712,845                350,326           30,117,310 1,351,619                             ‐                               ‐                             ‐                             ‐             1,351,619 Total Deferred Inflows of Resources 1,609,723                       25,796,035                               ‐             3,712,845                350,326           31,468,929 Leases
Special
Revenue Funds
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See Notes to Financial Statements   21
City of La Quinta, California
Balance Sheet – Governmental Funds
June 30, 2023
Capital Projects
Fund Other Total
Housing Disaster Capital Governmental Governmental
General Authority Recovery Improvement Funds Funds
Special
Revenue Funds
Fund Balances
Nonspendable
Prepaid costs 125,993 $             ‐ $ $ ‐ $ ‐ $ 468 $             126,461 Land held for resale            5,403,652 ‐          ‐  ‐  ‐              5,403,652 Due from successor agency 19,600,793           ‐          ‐  ‐  ‐            19,600,793 Restricted for
Planning and development
projects ‐           26,365,834 ‐ ‐             1,220,079           27,585,913 Public safety ‐ ‐          ‐  ‐              1,278,307             1,278,307 Community services ‐ ‐          ‐  ‐            15,711,786           15,711,786 Public works ‐ ‐          ‐  ‐              7,535,519             7,535,519 Capital projects ‐ ‐          ‐  ‐              9,794,607             9,794,607 Section 115 trust            5,317,487 ‐          ‐  ‐  ‐              5,317,487 Committed to
Natural Disaster Reserve 15,000,000           ‐          ‐  ‐  ‐            15,000,000 Economic Downturn Reserve 13,000,000           ‐          ‐  ‐  ‐            13,000,000 Cash Flow Reserve            5,000,000 ‐          ‐  ‐  ‐              5,000,000 Capital Replacement Reserve 12,000,000           ‐          ‐  ‐  ‐            12,000,000 Carryovers            2,600,009 ‐          ‐  ‐  ‐              2,600,009 Assigned for
Public safety          11,986,970 ‐          ‐  ‐  ‐            11,986,970 Sales Tax Reserve          29,214,191 ‐          ‐  ‐  ‐            29,214,191 Capital projects          22,623,372 ‐          ‐  ‐  ‐            22,623,372 Unassigned          44,105,041 ‐          (50,178)            (6,099,608)            (1,914,354)           36,040,901 Total fund balance 185,977,508                   26,365,834 (50,178)   ‐              (6,099,608)           33,626,412         239,819,968 Total liabilities, deferred inflows of
resources and fund balances 196,972,833 $      $        52,276,696 $             9,936,830 $          3,712,845 $        36,759,228 $      299,658,432 275 CLICK HERE to Return to Agenda
See Notes to Financial Statements     22
City of La Quinta, California
Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position June 30, 2023
Amounts reported for governmental activities in the statement of net position are different because:

Fund balances of governmental funds $   239,819,968
Capital assets net of accumulated depreciation/amortization are not financial resources, and therefore have not been included as current financial resources in governmental fund activity 519,153,301
Net OPEB asset is not considered a current financial resource 377,488 Long‐term liabilities, including leases,
compensated absences and pension liabilities
are not due and payable in the current period and therefore are not reported in the governmental funds:

Leases $           (16,649)
Financed purchases                    (551)
Compensated absences         (1,154,090)
Net pension liability       (13,550,553)       (14,721,843) Deferred outflows related to pensions 19,249,577
Deferred outflows related to OPEB 369,541
Deferred inflows related to pensions (3,284,647)
Deferred inflows related to OPEB (591,305)
Revenues reported as unavailable revenue in the governmental funds are recognized in the statement of activities 30,117,310 Internal service funds are used by management to charge the costs of certain activities, such as equipment management and self‐insurance, to individual funds. The assets and liabilities of the internal service funds are included in governmental activities of the statement of net position        24,699,097 Net Position of Governmental Activities $   815,188,487 276 CLICK HERE to Return to Agenda
See Notes to Financial Statements   23
City of La Quinta, California
Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds Year Ended June 30, 2023
Capital Projects
Fund Other Total
Housing Disaster Capital Governmental Governmental
General Authority Recovery Improvements Funds Funds
Revenues
Taxes 65,146,000 $       $         ‐ $       ‐ $        ‐ $       2,121,115 $      67,267,115 Assessments   ‐ ‐    ‐     ‐        981,315      981,315 Licenses and permits       3,994,989 ‐    ‐     ‐     ‐         3,994,989 Intergovernmental       9,989,061 ‐    ‐          391,120    5,973,761   16,353,942 Charges for services       1,558,784 ‐    ‐     ‐     ‐         1,558,784 Investment income (loss)       3,282,418     1,782,543     208,625 ‐        747,080      6,020,666 Net decrease in fair value of
investments    (893,437)     (88,316)   (161,695) ‐         (284,853)    (1,428,301) Fines and forfeitures      563,494 ‐    ‐     ‐     ‐         563,494 Developer participation   ‐ ‐    ‐       420    4,215,701      4,216,121 Miscellaneous       2,479,742    96,405 ‐     ‐          26,101      2,602,248 Total revenues    86,121,051     1,790,632    46,930      391,540     13,780,220    102,130,373 Expenditures
Current
General government    20,966,498 ‐    ‐     ‐         907   20,967,405 Public safety    25,362,426 ‐    ‐     ‐          94,924   25,457,350 Planning and development       4,303,714     1,830,275 ‐         33,757    335,345      6,503,091 Community services       5,782,682     254,998     ‐ ‐        2,025,777      8,063,457 Public works       2,148,743 ‐    ‐     ‐        4,321,870      6,470,613 Capital outlay      536,087     201,409 ‐       13,394,469      48,347   14,180,312 Debt service
Principal     10,764 ‐    ‐     ‐     ‐        10,764
Interest   ‐ ‐    ‐     ‐          25,504     25,504
Total expenditures    59,110,914     2,286,682 ‐       13,428,226    6,852,674   81,678,496 Excess (Deficiency) of Revenues
over (under) Expenditures    27,010,137   (496,050)    46,930     (13,036,686)    6,927,546   20,451,877 Other Financing Sources (Uses)
Transfers in   ‐ ‐    ‐          7,927,550    2,152,000   10,079,550 Transfers out     (6,939,642) ‐    ‐     ‐          (3,739,908)     (10,679,550) Total other financing
sources (uses)     (6,939,642) ‐    ‐          7,927,550      (1,587,908)    (600,000) Net Changes in Fund Balances    20,070,495   (496,050)    46,930    (5,109,136)    5,339,638   19,851,877 Fund Balances, Beginning of Year, As Restated 165,907,013          26,861,884      (97,108)    (990,472)     28,286,774    219,968,091 Fund Balances, End of Year $      185,977,508 $        26,365,834 $        (50,178) $       (6,099,608) $        33,626,412 $      239,819,968 Revenue Funds
Special
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See Notes to Financial Statements   24
City of La Quinta, California
Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities
Year Ended June 30, 2023
Amounts reported for governmental activities in the statement of activities are different because:

Net changes in fund balances ‐ total governmental funds 19,851,877 $ Governmental funds report capital projects (outlays) as expenditures.

However, in the statement of activities, the costs of those assets are allocated over their estimated useful lives as depreciation and amortization expense. This is the amount by which capital outlays exceeded depreciation in the current period.

Purchase of capital assets recorded in governmental funds $     14,180,312 Capital outlay recorded in governmental funds that
is attributed to repairs and maintenance projects that do not increase the service life or capacity of a capital asset      (4,911,083) Depreciation and Amortization Expense,
net of adjustments for deletions      (8,926,070)    343,159 Debt service payments for principal payments are reported as expenditures in the governmental funds, but are not reported as expenses in the statement of activities
Lease principal payments      10,764
Financed purchases payments      21,528
Compensated absences expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds.        (191,861) Governmental funds report OPEB contributions as expenditures.

However, in the Statement of Activities, OPEB expense is measured as the change in OPEB liability and the amortization of deferred outflows and inflows of resources related to OPEB. This amount represents the net change in OPEB related amounts.     (12,394) Governmental funds report pension contributions as expenditures.

However, in the Statement of Activities, pension expense is measured as the change in pension liability and the amortization of deferred outflows and inflows of resources related to pension. This amount represents the net change in pension related amounts.    11,526,881 Revenues reported as unavailable revenue in the governmental funds are recognized as operating contributions and grants in the statement of activities.      2,482,251
Internal service funds are used by management to charge the costs of certain activities, such as equipment management and self‐insurance, to individual funds. The net revenues (expenses) of the internal service funds is reported with governmental activities.      1,103,150 Change in net position of governmental activities $     35,135,355 278 CLICK HERE to Return to Agenda
See Notes to Financial Statements     25
City of La Quinta, California
Statement of Net Position – Proprietary Funds
June 30, 2023
Business‐Type Governmental
Activities Activities
Enterprise Funds Internal Service
Golf Course Funds
Assets
Current
Pooled cash and investments $       1,183,294 $     11,585,698 Receivables
Accrued interest                      554                10,263 Prepaid costs                           ‐              253,055 Deposits              250,000                           ‐ Inventories              112,282                           ‐ Total current assets          1,546,130        11,849,016 Noncurrent
Capital assets not being depreciated        39,712,956          5,904,644 Capital assets, net of depreciation          2,534,005          7,493,719 Right to use lease assets, net of accumulated amortization              311,085                33,108 Right to use subscription IT assets, net of accumulated amortization                           ‐              592,321 Total noncurrent assets        42,558,046        14,023,792 Total assets        44,104,176        25,872,808
Liabilities and Net Position
Liabilities
Current
Accounts payable              343,903              629,243 Accrued liabilities                           ‐                12,281 Deposits payable                35,500                           ‐ Accrued interest                      420                        51 Current portion of lease liability              191,659                31,159 Current portion of subscription IT liability                           ‐              352,117 Total current liabilities              571,482          1,024,851 Noncurrent
Long‐term portion of lease liability              123,861                  5,303 Long‐term portion of subscription IT liability                           ‐              143,557 Total noncurrent liabilities              123,861              148,860 Total liabilities              695,343          1,173,711 Net Position
Net investment in capital assets        42,242,526        13,491,656 Unrestricted          1,166,307        11,207,441
Total net position        43,408,833        24,699,097
Total liabilities and net position $     44,104,176 $     25,872,808 279 CLICK HERE to Return to Agenda
See Notes to Financial Statements   26
City of La Quinta, California
Statement of Revenues, Expenses, and Changes in Fund Net Position – Proprietary Funds Year Ended June 30, 2023
Business‐Type Governmental
Activities Activities ‐
Enterprise Funds Internal
Golf Course Service Funds
Operating Revenues
Sales and service charges $       4,767,458 $       5,397,132 Total operating revenues          4,767,458      5,397,132 Operating Expenses
Administration and general    170,828          232,217
Fuel and oil                 ‐          138,412
Maintenance and parts        6,676          392,721
Contract services          4,602,361      1,319,083
Software and supplies                 ‐      1,211,891
Depreciation and amortization expense    499,555      1,558,551 Other    240,922 ‐
Total operating expenses          5,520,342      4,852,875 Operating Income (Loss)            (752,884)          544,257 Nonoperating Revenues (Expenses)
Investment income      12,456          229,187
Net change in fair value of
investments      20,665           (90,871)
Miscellaneous revenues                 ‐          208,148 Gain on disposal of capital assets                 ‐          234,172 Interest expense                 ‐           (21,743)
Total nonoperating revenues (expenses)      33,121          558,893 Income (Loss) Before Transfers            (719,763)      1,103,150 Transfers in    600,000 ‐
Total transfers    600,000 ‐
Changes in Net Position            (119,763)      1,103,150 Net Position, Beginning of the Year, as restated        43,528,596    23,595,947 Net Position at End of Year $     43,408,833 $     24,699,097 280 CLICK HERE to Return to Agenda
See Notes to Financial Statements     27
City of La Quinta, California
Statement of Cash Flows – Proprietary Funds
Year Ended June 30, 2023
Business‐Type Governmental
Activities‐ Activities‐
Enterprise Funds Internal
Golf Course Service Funds
Operating Activities
Cash received from customers and users $       4,727,503 $                        ‐ Cash received from interfund services provided                           ‐          5,397,132 Cash payments to suppliers for goods and services         (4,865,565)         (2,842,904) Cash payments to employees for services            (170,828)                           ‐ Net Cash from Operating Activities            (308,890)          2,554,228 Non‐Capital Financing Activities
Cash transfers in             600,000                           ‐ Capital and Financing Activities
Cash paid for lease liability‐ principal portion            (250,317)               (98,773) Cash paid for lease liability‐ interest portion                    (352)                 (1,371) Capital contributions                           ‐              208,148 Acquisition and construction of capital assets                           ‐         (1,126,503) Proceeds from sales of capital assets                           ‐              234,172 Cash paid for subscription liability‐ principal portion                           ‐            (431,239) Cash paid for subscription liability‐ interest portion                           ‐                 (9,848) Net Cash used for Capital and Related Financing Activities            (250,669)         (1,225,414) Investing activities
Investment income                32,901              123,751 Net Increase in Cash and Cash Equivalents                73,342          1,452,565 Cash and Cash Equivalents at Beginning of Year          1,109,952        10,133,133 Cash and Cash Equivalents at End of Year $       1,183,294 $     11,585,698 281 CLICK HERE to Return to Agenda
See Notes to Financial Statements   28
City of La Quinta, California
Statement of Cash Flows – Proprietary Funds
Year Ended June 30, 2023
Business‐Type Governmental
Activities‐ Activities‐
Enterprise Funds Internal
Golf Course Service Funds
Reconciliation of Operating (Loss) to Net Cash
used for Operating Income
Operating income (loss) $         (752,884) $           544,257 Adjustments to reconcile operating income (loss) to
net cash from (used for) operating activities:

Depreciation and amortization     499,555   1,558,551
Changes in
Inventories      (39,955) ‐
Prepaid costs                  ‐        (23,533)
Accounts payable      (15,606)       464,088
Accrued liabilities                  ‐         10,865
Net Cash from Operating Activities $         (308,890) $       2,554,228 Non Cash Capital and Related Financing Activities
Subscription liability for the acquisition of a right to use subscription IT asset $                        ‐ $           116,430 282 CLICK HERE to Return to Agenda
See Notes to Financial Statements     29
City of La Quinta, California
Statement of Fiduciary Net Position
June 30, 2023
Pension Trust Private‐Purpose
Fund Trust Fund
Successor
Supplemental Agency of the
Pension Plan former RDA
Assets
Pooled cash and investments 78,261 $              $     15,570,390 Receivables
Accounts                            ‐                         23 Accrued interest 69                                               170 Prepaid costs                            ‐              283,042 Due from other governments                            ‐           1,118,627 Restricted assets
Cash and investments with fiscal agent                            ‐                   1,549 Total assets                 78,330         16,973,801
Deferred Outflows of Resources
Deferred charge on refunding                            ‐         14,641,514 Total deferred outflows of resources                            ‐         14,641,514 Liabilities
Accrued interest                            ‐           1,053,666 Long‐term liabilities
Due in one year                            ‐         16,692,076 Due in more than one year                            ‐      168,753,382 Total liabilities                            ‐      186,499,124 Net Position (Deficit)
Restricted for pensions $             78,330                            ‐ Held in trust $  (154,883,809)
283 CLICK HERE to Return to Agenda
See Notes to Financial Statements     30
City of La Quinta, California
Statement of Changes in Fiduciary Net Position
Year Ended June 30, 2023
Pension Trust Private‐Purpose
Fund Trust Fund
Successor
Supplemental Agency of the
Pension Plan Former RDA
Additions
Taxes $                        ‐ $        20,124,588
Investment income                  1,580                   35,605 Net change in fair value of
investments                    (253)                   28,282 Other revenues                  5,000                              ‐ Total additions                  6,327           20,188,475 Deductions
Administrative expenses                12,833                   30,864 Interest and fiscal charges                           ‐             6,105,657 Total deductions                12,833             6,136,521 Changes in Net Position                 (6,506)           14,051,954 Net Position/(Deficit) ‐ Beginning of the Year, as restated                84,836       (168,935,763) Net Position/(Deficit) ‐ End of the Year $             78,330 $    (154,883,809) 284 CLICK HERE to Return to Agenda
31 City of La Quinta, California
Notes to Financial Statements
June 30, 2023
Note 1 ‐  Summary of Significant Accounting Policies
Reporting Entity
The City of La Quinta, California (City) was incorporated May 1, 1982, under the general laws of the State of California. In November 1996, the City became a charter City. The City operates under the Council – Manager form of government.

The City provides many community services including public safety, highway and street maintenance, health and social services, cultural and leisure services, public improvements, planning and zoning services, and community development services.

The accounting policies of the City conform to generally accepted accounting principles as applicable to governments. As required by generally accepted accounting principles, these financial statements present the City and its component units, which are entities for which the City is considered to be financially accountable.

The City is considered to be financially accountable for an organization if the City appoints a voting majority of that organization’s governing body and the City is able to impose its will on that organization or there is a potential for that organization to provide specific financial benefits to or impose specific financial burdens on the City. The City is also considered to be financially accountable if an organization is fiscally dependent (i.e., it is unable to adopt its budget, levy taxes, set rates or charges, or issue bonded debt without approval from the City). In certain cases, other organizations are included as component units if the nature and significance of their relationship with the City are such that their exclusion would cause the City’s financial statements to be misleading or incomplete.

All of the City’s component units are considered to be blended component units. Blended component units, although legally separate entities, are, in substance, part of the City’s operations and so data from these units are reported with the interfund data of the primary government.

The following organizations are considered to be component units of the City:

City of La Quinta Public Financing Authority
The La Quinta Public Financing Authority (Financing Authority) was established pursuant to a Joint Exercise of Powers Agreement dated November 19, 1991, between the City and the Former Redevelopment Agency (now Successor Agency). The purpose of the Financing Authority is to provide financing necessary for the construction of various public improvements through the issuance of debt. Although the Financing Authority is legally separate, it is reported as if it were part of the City because the City Council also serves as the governing board of the Financing Authority and the management of the City has operational responsibility for the Financing Authority. The activities of the Financing Authority are recorded in the debt service fund. Separate financial statements of the Financing Authority are not prepared. 285 CLICK HERE to Return to Agenda
City of La Quinta, California
Notes to Financial Statements
June 30, 2023
32 City of La Quinta Housing Authority
The La Quinta Housing Authority (Housing Authority) was established pursuant to California Housing Authorities Law (Health and Safety Code Sections 34200 et seq.) on September 15, 2009. The purpose of the Housing Authority is to provide safe and sanitary housing opportunities for La Quinta residents. Although the Housing Authority is legally separate, it is reported as if it were part of the City because the City Council also serves as the governing board of the Housing Authority and the management of the City has operational responsibility for the Housing Authority. The activities of the Housing Authority are recorded in the Housing Authority Special Revenue Fund. Separate financial statements of the Housing Authority are not prepared.

Government‐Wide and Fund Financial Statements
The basic financial statements of the City are composed of the following:
 Government‐wide financial statements
 Fund financial statements
 Notes to the financial statements
Government‐Wide Financial Statements
The government‐wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the nonfiduciary activities of the primary government and its component units. All fiduciary activities are reported only in the fund financial statements. Governmental activities, which normally are supported by taxes, intergovernmental revenues, and other nonexchange transactions, are reported separately from business‐type activities, which rely to a significant extent on fees and charges to external customers for support. Likewise, the primary government is reported separately from certain legally separate component units for which the primary government is financially accountable.

The statement of activities demonstrates the degree to which the direct expenses of a given function or segments are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include charges for services, special assessments, and payments made by parties outside of the reporting City’s citizenry if that money is restricted to a particular program. Program revenues are netted with program expenses in the statement of activities to present the net cost of each program. Taxes and other items not properly included among program revenues are reported instead as general revenues. Amounts paid to acquire capital assets are capitalized as assets in the government‐wide financial statements, rather than reported as expenditures. Proceeds of long‐term debt are recorded as a liability in the government‐wide financial statements, rather than as other financing sources. Amounts paid to reduce long‐ term indebtedness of the reporting government are reported as a reduction of the related liability, rather than as expenditures.
286 CLICK HERE to Return to Agenda
City of La Quinta, California
Notes to Financial Statements
June 30, 2023
33 Fund Financial Statements
The underlying accounting system of the City is organized and operated on the basis of separate funds, each of which is considered to be a separate accounting entity. The operations of each fund are accounted for with a separate set of self‐balancing accounts that comprise its assets, deferred outflows of resources, liabilities, deferred inflows of resources, fund equity, revenues and expenditures or expenses, as appropriate.

Governmental resources are allocated to and accounted for in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled.

Fund financial statements for the governmental, proprietary, and fiduciary funds are presented after the government‐wide financial statements. These statements display information about major funds individually and nonmajor funds in the aggregate for governmental and proprietary funds. Fiduciary statements include financial information for fiduciary funds. Fiduciary funds of the city primarily represent assets held by the City in a custodial capacity for other individuals or organizations.

Measurement Focus, Basis of Accounting and Financial Statement Presentation Government‐Wide Financial Statements
While separate government‐wide and fund financial statements are presented, they are interrelated. The governmental activities column incorporates data from governmental funds and internal service funds, while business‐type activities incorporate data from the government's enterprise funds. Separate financial statements are provided for governmental funds, proprietary funds, and fiduciary funds, even though the latter are excluded from the government‐wide financial statements.

The government‐wide financial statements are reported using the economic resources measurement focus and accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred regardless of the related cash flows. Property taxes are recognized in the year they are levied. Grants and similar items are recognized as soon as all eligibility requirements imposed by the providers are met.

Governmental Funds
In the fund financial statements, governmental funds are presented using the current resources focus and modified‐accrual basis of accounting. Their revenues are recognized when they become measurable and available as net current assets. Measurable means that the amounts can be estimated, or otherwise determined. Available means that the amounts were collected during the reporting period or soon enough thereafter to be available to finance the expenditures accrued for the reporting period. The City uses a 60‐day availability period.

Revenue recognition is subject to the measurable and availability criteria for the governmental funds in the fund financial statements. Exchange transactions are recognized as revenues in the period in which they are earned (i.e., the related goods or services are provided). Locally imposed delivered tax revenues are recognized as revenues in the period in which the underlying exchange transaction on which they are based takes place.

Imposed nonexchange transactions are recognized as revenues in the period for which they were imposed. If the period of use is not specified, they are recognized as revenues when an enforceable legal claim to the revenues arises or when they are received, whichever occurs first. Government‐mandated and voluntary non‐ exchange transactions are recognized as revenues when all applicable eligibility requirements have been met. 287 CLICK HERE to Return to Agenda
City of La Quinta, California
Notes to Financial Statements
June 30, 2023
34 Property taxes, franchise taxes, licenses and interest associated with the current fiscal period are all considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. All other revenue items are considered to be measurable and available only when cash is received by the government.

In the fund financial statements, governmental funds are presented using the current financial resources measurement focus. This means that only current assets, deferred outflows of resources, current liabilities, and deferred inflows of resources are generally included on their balance sheets. The reported fund balance is considered to be a measure of “available spendable resources”. Governmental fund operating statements present increases (revenues and other financing sources) and decreases (expenditures and other financing uses).

Accordingly, they are said to present a summary of sources and uses of “available spendable resources” during a period.

Noncurrent portions of long‐term receivables due to governmental funds are reported on their balance sheets in spite of their spending measurement focus. Special reporting treatments are used to indicate, however, that they should not be considered “available spendable resources”, since they do not represent net current assets.

Recognition of governmental fund type revenues represented by noncurrent receivables are deferred until they become current receivables. Noncurrent portions of other long‐term receivables are offset by fund balance reserve accounts.

Because of their spending measurement focus, expenditure recognition for governmental fund types excludes amounts represented by noncurrent liabilities. Since they do not affect net current assets, such long‐term amounts are not recognized as governmental fund type expenditures or fund liabilities.

Amounts expended to acquire capital assets are recorded as expenditures in the year that resources were expended, rather than as fund assets. The proceeds of long‐term debt are recorded as other financing sources rather than as a fund liability. Amounts paid to reduce long‐term indebtedness are reported as fund expenditures.

Proprietary Funds
The City’s enterprise and internal service funds are proprietary funds. In the fund financial statements, proprietary funds are presented using the accrual basis of accounting. Revenues are recognized when they are earned, and expenses are recognized when the related goods or services are delivered. In the fund financial statements, proprietary funds are presented using the economic resources measurement focus. This means that all assets, all deferred outflows of resources, all liabilities, and all deferred inflows of resources (whether current or noncurrent) associated with their activity are included on their balance sheets. Proprietary fund type operating statements present increases (revenues) and decreases (expenses) in total net position.

Amounts paid to acquire capital assets are capitalized as assets in the proprietary fund financial statements, rather than reported as expenditures. Proceeds of long‐term debt are recorded as a liability in the proprietary fund financial statements, rather than as another financing source. Amounts paid to reduce long‐term indebtedness of the proprietary funds are reported as a reduction of the related liability, rather than as expenditures.
288 CLICK HERE to Return to Agenda
City of La Quinta, California
Notes to Financial Statements
June 30, 2023
35 Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund's principal ongoing operations. The principal operating revenues of the Enterprise Funds are charges to customers for sales and services.

Operating expenses for Enterprise Funds include the cost of sales and services, administrative expenses and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses.

Fiduciary Funds
The pension and private‐purpose trust funds are reported using the economic resources measurement focus and the accrual basis of accounting.

Major Funds, Internal Service Funds and Fiduciary Fund Types The City’s major governmental funds are as follows:

General Fund – This fund is the primary fund of the City and is used to account for all revenue and expenditures of the City not legally restricted as to use. A broad range of municipal activities are provided through this fund including City Manager, City Attorney, Finance, City Clerk, Community Development, Police Services, Public Works, and Community Services.

Housing Authority – This fund accounts for the combined housing activities of the Housing Authority in Project Areas 1 and 2 which promotes and provides for quality housing. Revenues will be provided from the receipts and collections of rents, notes and loans. All monies in the Housing Authority must be used in accordance with the applicable housing‐related provisions of the California Housing Authorities Law.

Disaster Recovery Fund – To account for the use of one‐time federal funding designed to deliver relief to American workers and aid in economic recovery in the wake of COVID‐19. This Act was passed by Congress in 2021, to provide Coronavirus fiscal recovery funds to state and local governments.

Capital Improvement Fund – This capital projects fund is used to account for the planning, design and construction of various capital projects throughout the City.

The City’s major proprietary fund is as follows:

Golf Course – This fund accounts for the activities of the SilverRock Golf Resort.

Other fund types of the City are as follows:

Special Revenue Funds – These funds account for the proceeds of specific revenue sources that are restricted or committed to expenditures for specified purposes other than debt service or capital projects.

Capital Projects Funds – These funds account for financial resources that are restricted, committed, or assigned to expenditures for capital outlay.
289 CLICK HERE to Return to Agenda
City of La Quinta, California
Notes to Financial Statements
June 30, 2023
36 Debt Service Fund – This fund accounts for the servicing of long‐term debt.

Internal Service Funds
Equipment Replacement Fund – This fund accounts for equipment and vehicle maintenance and replacement services provided to other departments on a cost‐reimbursement basis.

Information Technology Fund – This fund is used to account for the acquisition for computer equipment, maintenance, and services to support information systems within the City. Costs are reimbursed by the benefiting departments.

Park Equipment and Facilities Fund – This fund is used to account for the purchase and replacement of City owned and operated park equipment and facilities. Costs are reimbursed by the benefiting departments.

Insurance Fund – This fund accounts for City‐wide insurances: liability, property, earthquake, workers compensation and risk management. Expenses are shared among departments on an allocation basis.

Fiduciary Funds
Pension Trust Fund – This fund accounts for the activities of the Supplemental Pension Savings Plan, which accumulates resources for pension benefit payments to qualified government employees.

Private‐Purpose Trust Fund – This fund accounts for the assets and liabilities of the Successor Agency to the Former Redevelopment Agency and its allocated revenue to pay estimated installment payments of enforceable obligations until obligations of the Former Agency are paid in full and assets have been liquidated.

Assets, Deferred Outflows of Resources, Liabilities, Deferred Inflows of Resources, and Net Position or Equity Cash and Investments
For financial reporting purposes, investments are adjusted to their fair value. Changes in fair value that occur during a fiscal year are recognized as investment income reported for that fiscal year. Investment income includes interest earnings, changes in fair value, and any gains or losses realized upon the liquidation or sale of investments.

The City pools cash and investments of all funds, except for assets held within the Section 115 trust and amounts held by fiscal agents. Each fund’s share in this pool is displayed in the accompanying financial statements as cash and investments. Investment income earned by the pooled investments is allocated to the various funds based on each fund’s month end cash and investment balance.
290 CLICK HERE to Return to Agenda
City of La Quinta, California
Notes to Financial Statements
June 30, 2023
37 Cash and Cash Equivalents
For purposes of the statement of cash flows, cash equivalents are defined as short‐term, highly liquid investments that are both readily convertible to known amounts of cash or so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Cash equivalents also represent the proprietary fund’s share in the City’s cash and investment pool. Cash equivalents have an original maturity date of three months or less from the date of purchase. For purposes of the statement of cash flows, the entire balance of cash and investments on the combined balance sheet for the proprietary funds is considered cash and cash equivalents.

Lease Receivable
Lease receivable is recorded by the City as the present value of future lease payments expected to be received from the lessee during the lease term, reduced by any provision for estimated uncollectible amounts. Lease receivables are subsequently reduced over the life of the lease as cash is received in the applicable reporting period. The present value of future lease payments to be received are discounted based on the interest rate the City charges the lessee.

Restricted Section 115 Trust Cash and Investments
All assets in the Section 115 Trust are irrevocably dedicated to funding obligations of the City’s pension beneficiaries, other post‐employment beneficiaries or costs of administering the Trust. The funds are not considered plan assets of either the pension plan or OPEB plan and are therefore considered restricted assets of the City.

Inventory
Inventory is valued at cost using the first in/first out (FIFO) method. The City uses the consumption method of accounting for inventories.

Prepaid Costs
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government‐wide and fund financial statements. The City utilizes the consumption method, in which prepaid items are accounted for in the period that the benefit was received.

Capital Assets
Capital assets (including infrastructure) are recorded at cost where historical records are available and at an estimated historical cost where no historical records exist. Contributed capital assets are valued at their acquisition value at the date of the contribution. Generally, capital asset purchases in excess of $5,000 are capitalized if they have an expected useful life of three years or more.

Capital Assets include public domain (infrastructure) consisting of certain improvements including roads, streets, sidewalks, medians, and storm drains.
291 CLICK HERE to Return to Agenda
City of La Quinta, California
Notes to Financial Statements
June 30, 2023
38 Capital assets used in operations are depreciated over their estimated useful lives using the straight‐line method in the government‐wide financial statements and in the fund financial statements of the proprietary funds.

Depreciation is charged as an expense against operations and accumulated depreciation is reported on the respective balance sheet.

The following schedule summarizes capital asset useful lives:

Building and improvements 10‐30 years
Equipment and furniture 3‐20 years
Vehicles 5‐10 years
Infrastructure 10‐50 years
Software 5‐10 years
Right to use leased asset Shorter of useful life or lease term Right to use lease assets are recognized at the lease commencement date and represent the City’s right to use an underlying asset for the lease term. Right to use leased assets are measured at the initial value of the lease liability plus any payments made to the lessor before commencement of the lease term, less any lease incentives received from the lessor at or before the commencement of the lease term, plus any initial direct costs necessary to please the lease asset into service. Right to use leased assets are amortized over the shorter of the lease term or useful lives of the underlying asset using the straight‐line method. The amortization period varies from 3 to 5 years.

Right to use subscription IT assets are recognized at the subscription commencement date and represent the City’s right to use the underlying IT asset for the subscription term. Right to use subscription IT assets are measured at the initial value of the subscription liability plus any payments made to the vendor at the commencement of the subscription term, less any subscription incentives received from the vendor at or before the commencement of the subscription term, plus any capitalizable initial implementation costs necessary to place the subscription asset into service. Right to use subscription IT assets are amortized over the shorter of the subscription term or useful life of the underlying asset using the straight line method. The amortization period varies from 3 to 5 years.

Property Taxes
Under California law, property taxes are assessed and collected by the counties up to 1 percent of assessed value, plus other increases approved by the voters. The property taxes are recorded initially in a pool, and are then allocated to the cities based on complex formulas. Accordingly, the City of La Quinta accrues only those taxes that are received from the County within sixty days after year‐end.

Lien date January 1
Levy date July 1
Due dates November 1 and February 1
Collection dates December 10 and April 10
292 CLICK HERE to Return to Agenda
City of La Quinta, California
Notes to Financial Statements
June 30, 2023
39 Deferred Outflows/Inflows of Resources
In addition to assets, the statements of net position and the governmental fund balance sheet will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net assets that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then. Governmental activities recorded deferred outflows of resources related to pensions and other post‐employment benefits. See Notes 9 and 11 for more information about deferred outflows of pensions and post‐employment benefits, respectively.

The Private Purpose Trust Fund‐ Successor Agency of the former RDA recorded deferred outflows of resources related to debt refundings. See Note 19 for more information on the deferred outflows of resources related to debt refundings.

In addition to liabilities, the statements of net position and governmental fund balance sheet will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net assets that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time.

The City has reported two items on the governmental fund balance sheet that qualify for reporting in this category. The first is unavailable revenues that were not received within the City’s availability period. These amounts are deferred and recognized as inflows of resources in the period that the amounts become available.

At the government‐wide statements, this item is eliminated and recognized as revenue in the period earned since “availability” of resources is not a criteria used in government‐wide statements. The second item is a deferred inflow related to leases where the City is the lessor. The deferred inflows of resources related to leases is recognized on a straight line basis as an inflow of resources (revenue) over the term of the lease. Additionally, governmental activities recorded deferred inflows of resources related to pensions and OPEB. See Notes 9 and 11 for more information about deferred inflows of pensions and post‐employment benefits, respectively.

Compensated Absences
Vacation and sick time are vested on a percentage based on number of years employed at the City. Maximum accumulation of sick and vacation is 40 and 60 days, respectively.

Upon termination or retirement, permanent employees are entitled to receive compensation at their current base salary for all unused vacation leave. If an employee terminates with a minimum of two years’ service, the employee is entitled to receive 25 percent of the value of his unused sick leave. The percentage increases by 25 percent for each five‐year period until the employee is entitled to 100 percent of the value of their unused sick leave. This will occur upon the completion of twenty years of continuous employment. The General Fund resources are used to pay for the accumulated benefits to employees.

Long‐Term Obligations
In the government‐wide financial statements and proprietary fund financial statements, long‐term debt and other long‐term obligations are reported as liabilities in the applicable governmental activities, business‐type activities or proprietary fund type statement of net position. Bond premiums and discounts 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.
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City of La Quinta, California
Notes to Financial Statements
June 30, 2023
40 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 debt proceeds received, are reported as debt service expenditures.

Lease liabilities represent the City’s obligation to make lease payments arising from the lease. Lease liabilities are recognized at the lease commencement date based on the present value of future lease payments expected to be made during the lease term. The present value of lease payments is discounted based on a borrowing rate determined by the City.

Subscription liabilities represent the City’s obligation to make subscription payments arising from the subscription contract. Subscription liabilities are recognized at the subscription commencement date based on the present value of future subscription payments expected to be made during the subscription term. The present value of subscription payments is discounted based on a borrowing rate determined by the City.

Fund Balance
In the fund financial statements, governmental funds report the following fund balance classifications:

Nonspendable includes amounts that cannot be spent because they are either (a) not in spendable form or (b) legally or contractually required to be maintained intact.

Restricted includes amounts that are constrained on the use of resources by either (a) external creditors, grantors, contributors, or laws of regulations of other governments or (b) by law through constitutional provisions or enabling legislation.

Committed includes amounts that can only be used for specific purposes pursuant to constraints imposed by formal action of the City’s highest authority, the City Council. The formal action that is required to be taken to establish, modify, or rescind a fund balance commitment is by a resolution.

Assigned includes amounts that are constrained by the City’s intent to be used for specific purposes but are neither restricted nor committed. City Council is authorized to assign amounts to a specific purpose. The City Council authorizes assigned amounts for specific purposes pursuant to the policy‐making powers granted through a resolution.

Unassigned includes the residual amounts that have not been restricted, committed, or assigned to specific purposes. The general fund is the only fund that reports a positive unassigned fund balance. 294 CLICK HERE to Return to Agenda
City of La Quinta, California
Notes to Financial Statements
June 30, 2023
41 Fund Balance Flow Assumptions – governmental fund financial statements Sometimes the City will fund outlays for a particular purpose from both restricted and unrestricted resources (the total of committed, assigned, and unassigned fund balance). In order to calculate the amounts to report as restricted, committed, assigned, and unassigned fund balance in the governmental fund financial statements a flow assumption must be made about the order in which the resources are considered to be applied.

It is the City’s policy to consider restricted fund balance to have been depleted before using any of the components of unrestricted fund balance. Further, when the components of unrestricted fund balance can be used for the same purpose, committed fund balance is depleted first, followed by assigned fund balance.

Unassigned fund balance is applied last.

Net Position Flow Assumption – government‐wide and proprietary fund financial statements Sometimes the City will fund outlays for a particular purpose from both restricted (e.g., restricted bond or grant proceeds) and unrestricted resources. In order to calculate the amounts to report as restricted net position and unrestricted net position in the government‐wide and proprietary fund financial statements, a flow assumption must be made about the order in which the resources are considered to be applied. It is the City’s policy to consider restricted net position to have been depleted before unrestricted net position is applied.

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, liabilities, and deferred outflows/inflows of resources and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenditures/expenses during the reporting period. Actual results could differ from those estimates.

New Accounting Pronouncements
Adopted in the Current Year
GASB Statement No. 91 – In May 2019, the GASB issued Statement No. 91, Conduit Debt Obligations. The objective of this Statement is to provide a single method of reporting conduit debt obligations by issues and eliminate diversity in practice. The Statement is effective for reporting periods beginning after December 15, 2021, or FY 2022/2023. The City has determined that this Statement does not have a material effect on the financial statements.

GASB Statement No. 94 – In March 2020, the GASB issued Statement No. 94, Public‐Private and Public‐Public Partnerships and Availability Payment Arrangements. The objective of this Statement is to improve financial reporting by addressing issues related to public‐private and public‐public partnership arrangements (PPPs). The Statement is effective for reporting periods beginning after June 15, 2022, or FY 2022/2023. The City has determined that this Statement does not have a material effect on the financial statements. 295 CLICK HERE to Return to Agenda
City of La Quinta, California
Notes to Financial Statements
June 30, 2023
42 GASB Statement No. 96 – As of July 1, 2022, the City adopted GASB Statement No. 96, Subscription‐Based Information Technology Arrangements (SBITAs). The implementation of this standard establishes that a SBITA results in a right to use subscription IT asset ‐an intangible asset ‐ and a corresponding liability. The standard provides the capitalization criteria for outlays other than subscription payments, including implementation costs of a SBITA. The Statement requires recognition of certain SBITA assets and liabilities for SBITAs that previously were recognized as outflows of resources based on the payment provisions of the contract. As a result of implementing this standard the City recognized a right to use subscription asset and subscription liability of $945,351 and $810,483 as of July 1, 2022, respectively. As a result of these adjustments there was no effect on beginning net position. The additional disclosures required by this standard are included in Notes 4, 5 and 18.

Effective in Future Fiscal Years
The City is currently evaluating the potential impact of the following issued, but not yet effective, accounting standards.

GASB Statement No. 99 – In April 2022, the GASB issued Statement No. 99, Omnibus 2022. The objectives of this Statement are to enhance comparability in accounting and reporting and to improve the consistency of authoritative literature by addressing (1) practice issues that have been identified during implementation and application of certain GASB Statements and (2) accounting and financial reporting for financial guarantees. The requirements of this Statement related to extension of the use of the London Interbank Offered Rate (LIBOR), accounting for Supplemental Nutrition Assistance Program (SNAP) distributions, disclosures of nonmonetary transactions, pledges of future revenues by pledging governments, clarification of certain provisions in Statement No. 34, as amended, and terminology updates related to Statements No. 53 and No. 63 are effective upon issuance. The requirements of this Statement related to leases, Public‐Private and Public‐Public Partnerships (PPPs), and Subscription‐Based Information Technology Arrangements (SBITAs) are effective for fiscal years beginning after June 15, 2022, and all reporting periods thereafter. The requirements of this Statement related to financial guarantees and the classification and reporting of derivative instruments within the scope of Statement No. 53 are effective for fiscal years beginning after June 15, 2023, and all reporting periods thereafter. The City has not determined the effect on the financial statements.

GASB Statement No. 100 – In June 2022, the GASB issued Statement No. 100, Accounting Changes and Error Corrections—An Amendment of GASB Statement No. 62. The primary objective of this Statement is to enhance accounting and financial reporting requirements for accounting changes and error corrections to provide more understandable, reliable, relevant, consistent, and comparable information for making decisions or assessing accountability. The requirements of this Statement are effective for accounting changes and error corrections made in fiscal years beginning after June 15, 2023, and all reporting periods thereafter. The City has not determined the effect on the financial statements.

GASB Statement No. 101 – In June 2022, the GASB issued Statement No. 101, Compensated Absences. The objective of this Statement is to better meet the information needs of financial statement users by updating the recognition and measurement guidance for compensated absences. That objective is achieved by aligning the recognition and measurement guidance under a unified model and by amending certain previously required disclosures. The requirements of this Statement are effective for fiscal years beginning after December 15, 2023, and all reporting periods thereafter. The City has not determined the effect on the financial statements. 296 CLICK HERE to Return to Agenda
City of La Quinta, California
Notes to Financial Statements
June 30, 2023
43 GASB Statement No. 102 – In December 2023, the GASB issued Statement No. 102, Certain Risk Disclosures. The objective of this Statement is to provide users of government financial statements with essential information about risks related to a state or local government’s vulnerabilities due to the variety of risks they face. The requirements of this Statement are effective for fiscal years beginning after June 15, 2024. The City has not determined the effect on the financial statements.

GASB Statement No. 103 – In April 2024, the GASB issued Statement No. 103, Financial Reporting Model Improvements. The objective of this statement is to improve key components of the financial reporting model to enhance its effectiveness in providing information that is essential for decision making and assessing a government’s accountability. The requirements of this Statement are effective for fiscal years beginning after June 15, 2025. The City has not determined the effect on the financial statements.

Note 2 ‐  Cash and Investments
Cash and investments as of June 30, 2023, are classified in the accompanying financial statements as follows:

Statement of Net Position
Cash and investments   $    229,855,810
Restricted cash and investments 5,317,487
Statement of Fiduciary Net Position
Cash and investments           15,648,651
Cash and investments with fiscal agent                   1,549 Total cash and investments $    250,823,497
Cash and investment as of June 30, 2023, consist of the following:

Cash on hand $                4,300
Deposits with financial institutions 7,502,528
Investments       243,316,669
Total cash and investments 250,823,497 $
Investments Authorized by the California Government Code and the City’s Investment Policy The table below identifies the investment types that are authorized by the California Government Code and the City’s investment policy. The table also identifies certain provisions of the California Government Code (or the City’s investment policy, if more restrictive) that address interest rate risk, credit risk, and concentration of credit risk.
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City of La Quinta, California
Notes to Financial Statements
June 30, 2023
44 This table does not address investments of debt proceeds held by bond trustee that are governed by the provisions of debt agreements of the City, rather than the general provisions of the California Government Code or the City’s investment policy.

Maximum
Maximum PercentageMaximum
Maturity Allowed Investment
U.S. Treasury Obligations 5 years N/A N/A
U.S. Agency Securities 5 years N/A 20 million
Local Agency Bonds   5 years   N/A N/A
California Local Agency Obligations   5 years   N/A N/A Commercial Paper 270 days 25% 10% of any outstanding issue Certificates of Deposit 5 years 30% 250,000
Negotiable Certificates of Deposits 5 years 30% 250,000 Corporate Notes 5 years 30% 5 million
Investment Pools (Riverside County Pool) N/A N/A N/A
Money Market Mutual Funds N/A 20% 10% of City funds
Local Agency Investment Fund (LAIF) N/A N/A LAIF Limit
Investment Agreements 92 days 20% N/A
Investment Types
Investments Authorized by the City Section 115 Trust
Investments of the Trust are governed by the provisions of the City of La Quinta Section 115 Trust Agreement, rather than the general provisions of the California Government Code or the City’s investment policy.

Investments authorized for funds held in the Section 115 Trust include Equity and Fixed Income Mutual Funds.

The strategic range allowed for Equity and Fixed Income Mutual Funds is 20%‐40% and 50%‐80%, respectively.

There are no limitations on the maximum amount that can be invested in one issuer or the maximum maturity of an investments.

Disclosures Relating to Interest Rate Risk
Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. Generally, the longer the maturity of an investment, the greater the sensitivity of its fair value to changes in market interest rates.

One of the ways that the City manages its exposure to interest rate risk is by purchasing a combination of short term and long‐term investments and by timing cash flows from maturities so that a portion of the portfolio is maturing or coming close to maturity evenly over time as necessary to provide the cash flow and liquidity needed for operations.
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City of La Quinta, California
Notes to Financial Statements
June 30, 2023
45 Information about the sensitivity of the fair values of the City’s investments (including investments held by bond trustee) to market interest rate fluctuations is provided by the following table that shows the distribution of the City’s investments by maturity:
1 year
Total Or Less 1 to 3 years 3 to 5 years
Certificates of Deposit $      37,410,002 $        8,717,090 $    14,241,426 $    14,451,486 Federal agency securities
Federal Farm Credit Bank         15,091,193           3,196,153          3,774,480          8,120,560 Federal National Mortgage Association         10,480,400           2,983,260          7,497,140                           ‐ Federal Home Loan Mortgage Corp           6,770,671                            ‐          4,465,036          2,305,635 Federal Home Loan Bank         13,430,583           1,481,695          5,771,560          6,177,328 U.S. Treasury Notes         56,460,543        32,023,160          9,901,508        14,535,875 Corporate Notes           1,811,650               398,820             446,340             966,490 Local Agency Investment Fund         35,567,034         35,567,034                           ‐                           ‐ CAMP         49,242,190         49,242,190                           ‐                           ‐ Riverside County Pool         11,986,970         11,986,970                           ‐                           ‐ Section 115 Trust
Equity Mutual Funds           1,565,315           1,565,315                           ‐                           ‐ Fixed Income Mutual Funds           3,498,569           3,498,569                           ‐                           ‐ Held by Fiscal Agent
Money Market Mutual Funds                   1,549                   1,549                           ‐                           ‐ Total $    243,316,669 $    150,661,805 $    46,097,490 $    46,557,374 Remaining Maturity (in Years)
Investment Type
Disclosures Relating to Credit Risk
Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. The City's investment policy limits investments in commercial paper and money market mutual funds to those rated the highest rating as rated by Moody’s or Standard and Poor’s (S&P). Presented below are the S&P ratings as of year‐end:

Total AAA AA+ AA AA‐
Federal Agency Securities $      45,772,847 $                         ‐ $    45,772,847 $                       ‐ $                      ‐ Corporate Notes           1,811,650               845,160                           ‐             966,490                         ‐ CAMP         49,242,190         49,242,190                           ‐                           ‐                         ‐ Total         96,826,687 $      50,087,350 $    45,772,847 $          966,490 $                      ‐ Exempt from Credit Risk disclosure:

U.S. Treasury Notes         56,460,543
Not rated:

Certificates of Deposit         37,410,002
Local Agency Investment Pool         35,567,034
Riverside County Pool         11,986,970
Section 115 Trust:

Equity Mutual Funds           1,565,315
Fixed Income Mutual Funds           3,498,569
Held by Fiscal Agent:

Money Market Mutual Funds                   1,549
Total investments $    243,316,669
Investment Type

299 CLICK HERE to Return to Agenda
City of La Quinta, California
Notes to Financial Statements
June 30, 2023
46 Concentration of Credit Risk
Investments in any one issuer that represent 5 percent or more of total City’s investments are as follows:

Reported Percent of
Investment Type Amount Portfolio
Federal Farm Credit Bank Federal Agency Securities 15,091,193 $      6% Federal Home Loan Bank Federal Agency Securities 13,430,583         6% Issuer
Custodial Credit Risk
Custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution, a government will not be able to recover its deposits or will not be able to recover collateral securities that are in the possession of an outside party. The custodial credit risk for investments is the risk that, in the event of the failure of the counterparty (e.g., broker‐dealer) to a transaction, a government will not be able to recover the value of its investment or collateral securities that are in the possession of another party. The City utilizes delivery versus payment for investment purchases, which requires investments to be received prior to delivery of cash payment. The California Government Code and the City’s investment policy do not contain legal or policy requirements that would limit the exposure to custodial credit risk for deposits or investments, other than the following provision for deposits: The California Government Code requires that a financial institution secure deposits made by state or local governmental units by pledging securities in an undivided collateral pool held by a depository regulated under state law (unless so waived by the governmental unit). The market value of the pledged securities in the collateral pool must equal at least 110 percent of the total amount deposited by the public agencies. California law also allows financial institutions to secure City deposits by pledging first trust deed mortgage notes having a value of 150 percent of the secured public deposits, or by letters of credit issued by the Federal Home Loan Bank of San Francisco having a value of 105 percent of the secured public deposits.

As a public funds depository Bank of the West maintains a public funds deposit collateralization program that is designed to comply with all applicable statutes and regulations governing public funds deposits, including pledge and perfection of collateral. Accounts holding public funds are labeled as such and trigger collateralization.

Collateral needs are met based on the prior day close of business. However, same‐day collateral requests may be accommodated upon request.

Investment in Riverside County Pool
The City is a voluntary participant in the Riverside County Pooled Investment Fund that is regulated by California Government Code Section 53646 and managed by the Riverside County Treasurer. The City’s investment in this pool is reported in the accompanying financial statements of net position and prepared using the accrual basis of accounting. Investments are reported at fair value. The balance available for withdrawal is based on the accounting records maintained by the County. The Riverside County Pooled Investment Fund is not registered with the Securities and Exchange Commission and is not rated. 300 CLICK HERE to Return to Agenda
City of La Quinta, California
Notes to Financial Statements
June 30, 2023
47 Investment in State Investment Pool
The City is a voluntary participant in the Local Agency Investment Fund (LAIF) that is regulated by the California Government Code under the oversight of the Treasurer of the State of California. The fair value of the City’s investment in this pool is reported in the accompanying financial statements at amounts based upon the City’s pro‐rata share of the fair value provided by LAIF for the entire LAIF portfolio (in relations to the amortized cost of that portfolio). The balance available for withdrawal is based on the accounting records maintained by LAIF, which are recorded on an amortized cost basis. Deposits and withdrawals are made on the basis of $1 and not fair value. Accordingly, the City’s measurement of fair value of its investment with LAIF is based on uncategorized inputs, not defined as a level 1, level 2, or level 3 input. LAIF is not registered with the Securities and Exchange Commission and is not rated.

Investment in California Asset Management Program
The City is a voluntary participant in the California Asset Management Program (CAMP) that is regulated by the California Government Code Section 53601 (p) and managed by a Board of Trustees comprised of finance directors and treasurers of California public agencies that are members of the Joint Powers Authority. The City’s investment in this pool is reported in the accompanying financial statements of net position and prepared using the accrual basis of accounting. Investments are reported at fair value. The balance available for withdrawal is based on the accounting records maintained by CAMP. CAMP is not registered with the Securities and Exchange Commission.

Fair Value Measurements
The City categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The hierarchy is based on the valuation inputs used to measure the fair value of the asset. Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant other observable inputs; Level 3 inputs are significant unobservable inputs. Investments categorized as Level 2 are valued using the market approach and quoted market prices. 301 CLICK HERE to Return to Agenda
City of La Quinta, California
Notes to Financial Statements
June 30, 2023
48 The City has the following recurring fair value measurements as of June 30, 2023:

Total Level 1Level 2
Investments
U.S. Treasury Notes $     56,460,543 $     56,460,543 $      ‐ Federal Agency Securities        45,772,847 ‐               45,772,847 Corporate Notes          1,811,650 ‐                1,811,650 Certificates of Deposit        37,410,002 ‐             37,410,002 Section 115 Trust
Equity Mutual Funds    1,565,315    1,565,315 ‐
Fixed Income Mutual Funds    3,498,569    3,498,569 ‐
Total leveled investments     146,518,926 $     61,524,427 $     84,994,499 Investments with uncategorized inputs
Local Agency Investment Fund       35,567,034
CAMP       49,242,190
Riverside County Pool       11,986,970
Held by Fiscal Agent
Money Market Mutual Funds       1,549
Total investments    $   243,316,669
Note 3 ‐  Notes Receivable
In September 1994, the former redevelopment agency sold certain real property to LINC Housing for $2,112,847. The property was used to construct single‐family homes and rental units to increase the City's supply of low‐ and moderate‐income housing. The note bears interest at 6 percent per annum and is due in full on June 15, 2029. On February 1, 2012, this receivable was transferred to the Housing Authority, which took over the housing function of the former redevelopment agency upon dissolution. As of June 30, 2023, the outstanding principal balance is $2,035,388 and the outstanding interest is $3,376,529.

In February 2011, the former redevelopment agency entered into Disposition and Development Agreement with Coral Mountain Partners L.P. (“Coral Mountain”) to fund up to $29,000,000 for the construction of a low‐ and moderate‐income apartment complex with an estimated completion date of the apartment complex of March 2014. The former redevelopment agency’s $29,000,000 loan is evidenced by a Promissory Note executed by Coral Mountain (“Note”). Interest on the outstanding note amount will bear simple interest of 1 percent.

Principal and interest will be repaid on or before May 1st of each year from annual residual receipts as defined in the Note once the project is completed and may be repaid early if the property is refinanced, or if the property is transferred to another entity. On February 1, 2012, this receivable was transferred to the Housing Authority which took over the housing function of the former redevelopment agency upon dissolution. As of June 30, 2023, the outstanding principal balance is $20,437,816 and the outstanding interest balance is $1,981,691.

Other notes receivable as of February 1, 2012, included in the Housing Authority which took over the housing function of the former redevelopment agency upon dissolution totaled $21,297 and the outstanding interest balance is $13,902 at June 30, 2023.
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City of La Quinta, California
Notes to Financial Statements
June 30, 2023
49 Note 4 ‐  Capital Assets
Capital asset activity for governmental activities for the year ended June 30, 2023, is as follows:

Balance at
July 01, 2022 Balance at
As Restated Additions Deletions Transfers June 30, 2023 Governmental activities
Capital assets, not being depreciated
Land $     81,790,496 $       1,087,236 $                        ‐ $           840,000        83,717,732 Right of way      285,857,353                           ‐                           ‐              216,995      286,074,348 Construction‐in‐progress        17,119,485          8,132,282                           ‐       (16,988,760)          8,263,007 Total capital assets,
not being depreciated      384,767,334          9,219,518                           ‐       (15,931,765)      378,055,087 Capital assets, being depreciated
Buildings and improvements        78,616,231              207,433                35,056          2,624,883        81,413,491 Equipment and furniture          3,302,956              254,824                           ‐                44,601          3,602,381 Vehicles          1,905,669              680,642              320,216                           ‐          2,266,095 Infrastructure      255,013,181                48,220                           ‐        13,262,281      268,323,682 Total capital assets,
being depreciated      338,838,037          1,191,119              355,272        15,931,765      355,605,649 Less accumulated depreciation for
Buildings and improvements        42,412,605          2,666,228                20,157                           ‐        45,058,676 Equipment and furniture          2,175,102              279,542                           ‐                           ‐          2,454,644 Vehicles              988,347              316,408              320,216                           ‐              984,539 Infrastructure      145,982,598          6,645,150                           ‐                           ‐      152,627,748 Total accumulated depreciation      191,558,652          9,907,328              340,373                           ‐      201,125,607 Total capital assets,
being depreciated, net      147,279,385         (8,716,209)                14,899        15,931,765      154,480,042 Right to use lease assets, being amortized
Building                78,226                           ‐                           ‐                           ‐                78,226 Equipment                38,118                           ‐                           ‐                           ‐                38,118 Vehicles              179,597                           ‐                57,639                           ‐              121,958 Total right to use lease assets,
being amortized              295,941                           ‐                57,639                           ‐              238,302 Less Accumulated Amortization for
Building                33,681                33,682                           ‐                           ‐                67,363 Equipment                10,791                10,791                           ‐                           ‐                21,582 Vehicles                93,984                63,369                57,639                           ‐                99,714 Total Accumulated amortization              138,456              107,842                57,639                           ‐              188,659 Total right to use lease assets,
being amortized, net              157,485            (107,842)                           ‐                           ‐                49,643 Right to use subscription IT assets, being amortized              945,351              116,430                           ‐                           ‐          1,061,781 Less accumulated amortization                           ‐              469,460                           ‐                           ‐              469,460 Net right to use  subscription IT assets              945,351            (353,030)                           ‐                           ‐              592,321 Total Governmental Activitites $   533,149,555 $             42,437 $             14,899 $                        ‐ $   533,177,093

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City of La Quinta, California
Notes to Financial Statements
June 30, 2023
50 Depreciation and amortization expense was charged to the following functions in the Statement of Activities:

General governments 481,271 $
Planning and development   24,630
Community services    1,543,484
Public works    6,876,694
Internal service funds    1,558,551
$     10,484,630
Capital asset activity for business‐type activities for the year ended June 30, 2023, is as follows:

Balance at Balance at
July 01, 2022 Additions Deletions June 30, 2023
Business‐Type activities
Capital assets, not being
depreciated
Land 39,712,956 $      $      ‐ $      ‐ $     39,712,956 Capital assets, being depreciated
Buildings and improvements     6,636,465 ‐   ‐       6,636,465 Equipment and furniture     1,670,293 ‐   ‐       1,670,293 Software   20,255 ‐   ‐     20,255
Total capital assets,
being depreciated     8,327,013 ‐   ‐       8,327,013
Less accumulated depreciation for
Buildings and improvements     3,937,825    214,545 ‐       4,152,370 Equipment and furniture     1,588,066   32,317 ‐       1,620,383 Software   20,255 ‐   ‐     20,255
Total accumulated
depreciation     5,546,146    246,862 ‐       5,793,008 Total capital assets,
being depreciated, net     2,780,867    (246,862) ‐       2,534,005 Right to use lease assets, being amortized
Equipment    796,621 ‐   ‐     796,621
Less Accumulated Amortization for
Equipment    232,843    252,693 ‐     485,536
Total right to use lease assets,
being amortized, net    563,778    (252,693) ‐     311,085 Total Business‐Type Activities $     43,057,601 $    (499,555) $      ‐ $     42,558,046 Depreciation and amortization expense was charged to the following functions in the Statement of Activities:

Golf Course $       499,555
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City of La Quinta, California
Notes to Financial Statements
June 30, 2023
51 Note 5 ‐  Changes in Long‐Term Liabilities
The following is a summary of changes in governmental long‐term liabilities of the City for the fiscal year ended June 30, 2023:

Balance at
July 01, 2022 Balance Due within
as, restated Additions Deletions June 30, 2023 One year Governmental Activities
Compensated absences payable 962,229 $              $     1,154,091 $      962,230 $         1,154,090 $      299,718 Leases                 162,648                         ‐          109,537                  53,111            42,189 Financed purchases                   22,079                         ‐            21,528                       551                  551 Subscription IT liabilities                 810,483            116,430          431,239               495,674          352,117 $          1,957,439 $     1,270,521 $   1,524,534 $         1,703,426 $      694,575 Compensated absences have been typically liquidated from the General Fund.

Leases
The City has entered into multiple lease agreements for buildings, vehicles, and equipment. The City is required to make principal and interest payments through 2025. The lease agreements have interest rates between 1.5% to 4% based on the City’s estimated incremental borrowing rate at the inception of the lease. As of June 30, 2023, the net right to use asset balance is $49,643 and the lease liability balance is $53,111. The current year amortization and interest expense associated with the lease activities was $107,841 and $1,773.

Remaining principal and interest payments on the leases are as follows:

Principal Interest
$             42,189 $                   506
10,922                        78
$             53,111 $                   584
2025
Year Ending June 30,
2024
Financed Purchases
The City has entered into agreements for the purchase of copiers purchased under financing leases. Such leases require annual payments of principal and interest, with interest rates ranging from 8.47% to 9.5%, and will be fully amortized by the year 2024.

Payments under financed purchases at June 30, 2023 are:

Principal Interest
$                   551 $                        ‐
$                   551 $                        ‐
Year Ending June 30,
2024
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City of La Quinta, California
Notes to Financial Statements
June 30, 2023
52 Subscription IT Liabilities
The City has entered into several Subscription‐Based Information Technology Arrangements (SBITAs) for virtual permitting software, employee hiring subscription, website design & implementation software, HR and finance software, and Microsoft office software. The City is required to make principal and interest payments through June 2027. The subscription liability was valued using discount rates between 3.87% and 4.14% based on the City incremental borrowing rate at the inception of the subscriptions.

Principal and interest payments on the SBITAs are as follows:

Principal Interest
$           352,117 $             10,759
55,248                  4,783
43,292                  3,109
45,017                  1,369
$           495,674 $             20,020
2025
2026
2027
Year Ending June 30,
2024
The following is a summary of changes in business‐type activities long‐term liabilities of the City for the fiscal year ended June 30, 2023:

Balance at Balance Due within
July 01, 2021 Additions Deletions June 30, 2023 One year Business‐ Type Activities
Leases 565,837 $              ‐ $                       $      250,317 $            315,520 $      191,659 The City Golf Course fund has entered into multiple lease agreements for equipment. The City is required to make principal and interest payments through 2027. The lease agreements have interest rates between 1.5% to 4% based on the City’s estimated incremental borrowing rate at the inception of the lease. As of June 30, 2023, the net right to use asset balance is $311,085 and the lease liability balance is $315,520. The current year amortization and interest expense associated with the lease activities was $252,693 and $11,288.

Remaining principal and interest payments on the leases are as follows:

Principal Interest
$           191,659 $               6,396
72,564                  2,820
32,029                  1,416
19,268                      241
$           315,520 $             10,873
2025
2026
2027
Year Ending June 30,
2024
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City of La Quinta, California
Notes to Financial Statements
June 30, 2023
53 Note 6 ‐  Leases‐ Lessor Activities
The City has accrued a receivable for three land leases. The remaining receivable for these leases was $1,432,355 for the year ended June 30, 2023. Deferred inflows related to these leases were $1,351,619 as of June 30, 2023. Interest revenue recognized on these leases was $45,221 for the year ended June 30, 2023.

Principal receipts of $91,350 were recognized during the fiscal year. The interest rate on the leases was 3 percent. Final receipt is expected in fiscal year 2043.

Principal Interest
$             98,239 $             42,419
105,698                39,168
113,403                35,799
121,480                32,187
129,867                28,397
404,921                90,434
192,164                56,133
266,583                21,158
$       1,432,355 $           345,695
2029 ‐ 2033
2034 ‐ 2038
2039 ‐ 2043
Year Ending June 30,
2024
2025
2026
2027
2028
Note 7 ‐  Interfund Receivables and Payables
The composition of current interfund receivable and payable balances is as follows:

Due to Other Funds
Non‐Major
Due from Other Funds Governmental
General Fund $       2,796,975
Interfund balances reflect short term borrowings for deficit cash balances at June 30, 2023. 307 CLICK HERE to Return to Agenda
City of La Quinta, California
Notes to Financial Statements
June 30, 2023
54 Note 8 ‐  Interfund Transfers
Non‐Major
Transfers In General Fund Governmental Total
Capital Improvements Fund $       4,187,642 $       3,739,908 $       7,927,550 Non‐major Governmental Funds          2,152,000 ‐                    2,152,000 Golf Course Fund              600,000 ‐                        600,000 Total $       6,939,642 $       3,739,908 $     10,679,550 Transfer Out
a. $4,187,642 was transferred from the General Fund to the Capital Improvement Fund to fund various capital projects.
b. $3,739,908 was transferred to the Capital Improvement Fund from various non‐major funds to fund various capital projects.
c. $2,152,000 was transferred from the General Fund to various non‐major funds to support various administrative operations and expenses within the City. d. $600,000 was transferred from the General Fund to the Golf Course Fund to subsidize operations.

Note 9 ‐  Defined Benefit Pension Plan
Miscellaneous Plan
Plan Description
All qualified employees are eligible to participate in the City’s Miscellaneous Employee Pension Plan, a cost‐ sharing multiple‐employer defined benefit pension plans administered by the California Public Employees’ Retirement System (CalPERS). Benefit provisions under these plans are established by State statute and City resolution. CalPERS issues publicly available reports that include a full description of the pension plans regarding benefit provision, assumption and membership information. Copies of the report can be found on the CalPERS website.

Benefits Provided
CalPERS provides service retirement and disability benefits, annual cost of living adjustments and death benefits to plan members, who must be public employees and beneficiaries. Benefits are based on years of credited service, equal to one year of full‐time employment. Members with five years of total service are eligible to retire at age 50 with statutorily reduced benefits. All members are eligible for non‐duty disability benefits after 10 years of service. The death benefit is one of the following: The Basic Death Benefit, the 1959 Survivor Benefit, or the Optional Settlement 2W Death Benefit. The cost‐of‐living adjustments for each plan are applied as specified by the Public Employees’ Retirement Law. The Plan’s provisions and benefits in effect at June 30, 2023 are summarized as follows:
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City of La Quinta, California
Notes to Financial Statements
June 30, 2023
55 Tier I Tier II PEPRA
Before On or After On or After
Hire date November 1, 2012 November 1, 2012 January 1, 2013 Benefit formula 2.5% @55 2% @60 2% @62
Benefit vesting schedule 5 years service 5 years service 5 years service Benefit payments monthly for life monthly for life monthly for life Retirement age 50 and up 50 and up 52 and up
Monthly benefits, as a % of eligible
compensation 2% to 2.5% 2% to 2.5% 1% to 2%
Required employee contribution rates 8.00% 7.00% 6.75%
Required employer contribution rates 12.200% 8.650% 7.590% Contributions
Section 20814(c) of the California Public Employees’ Retirement Law (PERL) requires that the employer contribution rates for all public employers be determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. Funding contributions are determined annually on an actuarial basis as of June 30th by CalPERS. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, and any unfunded accrued liability. The employer is required to contribute the difference between the actuarially determined rate and the contribution rate of employees. Employer contributions to the pension plan were $13,089,144 for the year ended June 30, 2023.

Pension Liabilities, Pension Expense and Deferred Outflows and Deferred Inflows of Resources Related to Pensions
As of June 30, 2023, the City reported a liability of $13,550,553 for its proportionate share of the collective net pension liability. The net pension liability was measured as of June 30, 2022, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of June 30, 2021.The City’s proportion of the collective net pension liability was based on a projection of the City’s long‐term share of contributions to the pension plan relative to the projected contributions of all participating employers, actuarially determined. The City’s proportion of the collective net pension liability as of June 30, 2022 and 2023 is as follows:

Proportion‐ June 30, 2022 0.14222               %
Proportion‐ June 30, 2023 0.28959               %
Change‐ Increase (Decrease)              0.14737 %
For the year ended June 30, 2023, the City recognized pension expense of $1,562,261. 309 CLICK HERE to Return to Agenda
City of La Quinta, California
Notes to Financial Statements
June 30, 2023
56 At June 30, 2023, the City reported deferred outflows and deferred inflows of resources related to pensions as follows:

Deferred Outflows Deferred Inflows
of Resources of Resources
Pension contributions subsequent to measurement date $            13,089,144 $              ‐ Changes in assumptions                 1,388,537 ‐
Differences between expected and actual experience   272,122        182,255 Net difference between projected and actual earnings on pension plan investments                 2,482,101 ‐
Change in employer's proportion     60,959    3,044,268 Difference between the city's contribution and
proportionate share of contributions                 1,956,714          58,124 Total $            19,249,577 $              3,284,647
The $13,089,144 reported as deferred outflows of resources resulting from contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ended June 30, 2024.

Other amounts reported as deferred outflows or deferred inflows of resources related to pensions will be recognized as pension expense as follows:
$                 603,470
496,676
257,503
1,518,137
Total $              2,875,786
Year Ended June 30,
2024
2027
2025
2026
Actuarial Methods and Assumptions Used to Determine Total Pension Liability For the measurement period ended June 30, 2022 (the measurement date), the total pension liability was determined by rolling forward the June 30, 2021 total pension liability. The total pension liability in the June 30, 2021 actuarial valuation was determined using the following actuarial methods and assumptions:

Valuation Date June 30, 2021
Measurement Date June 30, 2022
Actuarial Cost Method Entry‐Age Normal Cost Method
Discount Rate 6.90%
Inflation 2.30%
Projected Salary Increase Varies by Entry Age and Service Mortality Rate Table Derived using CalPERS' Membership Data for all Fund Post‐retirement benefit increase Contract COLA up to 2.30% until Purchasing Power Protection Allowance Floor on Purchasing Power applies
Miscellaneous
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City of La Quinta, California
Notes to Financial Statements
June 30, 2023
57 Changes of Assumptions
The Board of Directors for CalPERS approved a change in the discount rate from 7.15% to 6.90% and a change in the inflation rate from 2.50% to 2.30% during measurement year ended June 30, 2022.

Discount Rate
The discount rate used to measure the total pension liability was 6.90 percent. The projection of cash flows used to determine the discount rate assumed that employee contributions will be made at the current contribution rate and that the City’s contributions will be made at rates equal to the difference between actuarially determined contributions rates and the employee rate. Based on those assumptions, each pension plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current active and inactive employees. Therefore, the long‐term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability.

In determining the long‐term expected rate of return, CalPERS took into account long‐term market return expectations as well as the expected pension fund cash flows. Projected returns for all asset classes are estimated and, combined with risk estimates, are used to project compound (geometric) returns over the long term. The discount rate used to discount liabilities was informed by the long‐term projected portfolio return.

These geometric rates of return are summarized in the following table:

Strategic
Allocation Real Return
Global equity ‐ cap‐weighted 30.00% 4.45%
Global equity ‐ non‐cap‐weighted 12.00% 3.84%
Private equity 13.00% 7.28%
Treasury 5.00% 0.27%
Mortgage‐backed Securities 5.00% 0.50%
Investment Grade Corporates 10.00% 1.56%
High Yield 5.00% 2.27%
Emergind Market Debt 5.00% 2.48%
Private Debt 5.00% 3.57%
Real Assets 15.00% 3.21%
Leverage ‐5.00% ‐0.59%
Total 100%
Asset Class

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City of La Quinta, California
Notes to Financial Statements
June 30, 2023
58 Sensitivity of the Proportionate Share of the Net Pension Liability to Changes in the Discount Rate The following presents the City’s proportionate share of the net position liability for each Plan, calculated using the discount rate for each Plan, as well as what the City’s proportionate share of the net pension liability would be if it were calculated using a discount rate that is 1 percent point lower or 1 percent higher than the current rate:

Discount Current Discount
Rate ‐ 1% Discount Rate Rate +1%
(5.90%) (6.90%) (7.90%)
Net Pension Liability 21,725,786 $      $     13,550,553 $       6,824,364 Pension Plan Fiduciary Net Position
Detailed information about the Plan’s fiduciary net position is available in the separately issued CalPERS financial reports.

Note 10 ‐  Defined Contribution Plan
Plan Description
The Supplemental Pension Savings Plan is a defined contribution pension plan established by the City to provide retirement excess benefits to general employees of the City. At June 30, 2023, there was one plan member.

There are no required contributions by plan members. During the 2022‐2023 fiscal year the City made no contributions to fund the Supplemental Pension Savings Plan.

Note 11 ‐  Other Post Employment Benefit Plan (OPEB)
Plan Description
The City’s Retiree Health Plan is a single‐employer defined benefit healthcare plan. The City contributes on behalf of all eligible retirees’ $149/month for the calendar year 2022 and $151/month for calendar year 2023, increased in all future years according to the rate of medical inflation. These benefits are provided per contract between the City and the employee associations. A separate financial report is not available for the plan.

The City participates in the California Employers’ Retiree Benefit Trust (CERBT) for the purpose of accumulating funding for OPEB obligations. The CERBT is a Section 115 Trust and is an agent multiple employer plan for those electing to prefund OPEB obligations.
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City of La Quinta, California
Notes to Financial Statements
June 30, 2023
59 Benefits Provided
Retirees are eligible for medical benefits if they retire at age 50+, have 5+ years of service within CalPERS, and were enrolled in the CalPERS health system at retirement. The City provides PEMHCA minimum for each subscriber, regardless of elected coverage tier.

Employees Covered by Benefit Terms
At June 30, 2022, the most recent valuation date, the following current and former employees were covered by the benefit terms of the plan:

Active employees 97
Inactive employees or beneficiaries currently receiving benefits 23 Total 120
Contributions
The City makes contributions to the plan based on an actuarially determined rate. Employees are not required to contribute to the plan. For the year ended June 30, 2023, the City’s cash contributions to the plan including the implied subsidy were $58,070. The City made no contributions to the CERBT trust.

Net OPEB Liability/(Asset)
Actuarial Assumptions – The net OPEB liability/(asset) in the June 30, 2022 actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement:

Actuarial Cost Method Entry‐Age Normal Cost Method
Actuarial Assumptions
Discount Rate 5.50%
Inflation 2.30%
Investment Rate of Return 5.50%
Mortality (1)
Healthcare Trend Rate 6.5% for fiscal year 2023,
gradually decreasing to an
ultimate rate of 3.73% in fiscal
year 2075.
(1) Derived using CalPERS Membership Data for all Funds Mortality rates were based on the CalPERS November 2021 Experience Study for Public Agency Miscellaneous Plans.
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City of La Quinta, California
Notes to Financial Statements
June 30, 2023
60 Changes of Assumptions
Healthcare trend rates were decreased from a rate of 6.7% decreasing gradually to an ultimate rate of 3.8% to

6.5% decreasing gradually to an ultimate rate of 3.73% for the valuation as of June 30, 2022.

Discount Rate
The discount rate used to measure the total OPEB liability was 5.50 percent for the Plan. The projection of cash flows used to determine the discount rate assumed that the City contribution will be made at rates equal to the actuarially determined contribution rates.

Changes in Net OPEB Liability:

The changes in the net OPEB liability/(asset) for the Plan as of June 30, 2023 are as follows:

Total OPEB Plan Fiduciary Net OPEB
Liability Net Position Liability/(Asset)
Balance at June 30, 2022 1,913,989 $        $       2,051,400 $         (137,411) Changes in the year
Service cost 85,049    ‐           85,049
Interest      107,396 ‐         107,396
Differences between expected
and actual experience    (623,785) ‐           (623,785) Changes of assumptions   26,883 ‐           26,883
Net investment income     ‐     (257,883)    257,883
Employer contributions     ‐    94,021     (94,021)
Benefit payments       (94,021)   (94,021) ‐
Administrative expense     ‐ (518) 518
Net changes    (498,478)     (258,401)      (240,077)
Balance at June 30, 2023 $       1,415,511 $       1,792,999 $         (377,488) Sensitivity of the Net OPEB Liability to Changes in the Discount Rate The following presents the net OPEB liability of the City, as well as what the City’s net OPEB liability would be if it were calculated using a discount rate that is 1‐percentage‐point lower (4.50 percent) or 1‐percentage‐point higher (6.50 percent) than the current discount rate:
1% Decrease Discount Rate 1% Increase
(4.50%) (5.50%) (6.50%)
Net OPEB Liability/(Asset) $         (196,245) $         (377,488) $         (528,996) 314 CLICK HERE to Return to Agenda
City of La Quinta, California
Notes to Financial Statements
June 30, 2023
61 Sensitivity of the Net OPEB Liability to Changes in the Healthcare Cost Trend Rates The following presents the net OPEB liability of the City, as well as what the City's net OPEB liability would be if it were calculated using healthcare cost trend rates that are 1‐percentage‐point lower (5.5 percent decreasing to

2.7 percent) or 1‐percentage‐point higher (7.5 percent decreasing to 4.7 percent) than the current healthcare cost trend rates:
1% Decrease Current Trend Rate 1% Increase
(5.5% decreasing (6.5% decreasing (7.5% decreasing
to 2.7%) to 3.7%) to 4.7%)
Net OPEB Liability/(Asset) ( $          560,670) $         (377,488) $         (149,652) For the year ended June 30, 2023, the City recognized OPEB expense of $72,955. At June 30, 2023, the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources:

Deferred Deferred
Outflows of Inflows of
Resources Resources
OPEB contributions subsequent to measurement date 58,070 $              ‐ $ Changes in assumptions 54,979                                28,614 Difference between expected and actual liability              104,808              562,691 Net difference between projected and investment earnings 151,684               ‐ Total 369,541 $            $           591,305
The $58,070 reported as deferred outflows of resources related to OPEB resulting from City contributions subsequent to the measurement date will be recognized as a reduction of the net OPEB liability for the fiscal year ending June 30, 2024. Other amounts reported as deferred outflows or deferred inflows of resources related to OPEB will be recognized in as OPEB expense as follows:
$           (18,865)
(15,755)
(17,673)
30,861
(45,265)
(213,137)
$         (279,834)
2026
Thereafter
Total
Year Ended June 30,
2024
2025
2026
2027
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City of La Quinta, California
Notes to Financial Statements
June 30, 2023
62 Note 12 ‐  Section 115 Trust
In the fiscal year 2019, the City Council approved the creation of a Section 115 Trust Agreement with U.S Bank National Association, and Public Agency Retirement Services (PARS), Trust Administrator. The Section 115 Trust was established as a means to set aside monies to fund the City’s pension and OPEB obligations. Contributions to the Section 115 Trust are irrevocable, the assets are dedicated to providing benefits to plan members, and the assets are protected from creditors of the City. The purpose of the creation of the section 115 Trust was to address the City’s pension obligations by accumulating assets to reduce the net pension liability. However, in accordance with generally accepted accounting principles, the assets in the Section 115 Trust are not considered to have present service capacity as plan assets and are therefore considered restricted assets of the City rather than pension plan assets. Accordingly, the Section 115 Trust’s assets are recorded as restricted for pension benefits in the City’s General Fund rather than assets of the pension plan during the measurement of the net pension liability. The assets held in trust will be considered pension plan assets at the time they are transferred out of the Trust into the pension plan.

The balance in the Trust for the fiscal year ended June 30, 2023 was $5,317,487. The City currently funds its OPEB obligations through the CERBT program, and although the Section 115 Trust is able to accept OPEB funds, the City has no immediate plans to fund OPEB obligations through the Section 115 Trust.

Note 13 ‐  Risk Management
Description of Self‐Insurance Pool Pursuant to Joint Powers Agreement The City of La Quinta is a member of the California Joint Powers Insurance Authority (Authority). The Authority is composed of 124 California public entities and is organized under a joint powers’ agreement pursuant to California Government Code §6500 et seq. The purpose of the Authority is to arrange and administer programs for the pooling of self‐insured losses, to purchase excess insurance or reinsurance, and to arrange for group purchased insurance for property and other lines of coverage. The California JPIA began covering claims of its members in 1978. Each member government has an elected official as its representative on the Board of Directors. The Board operates through a nine‐member Executive Committee.

Self‐Insurance Programs of the CJPIA
Each member pays an annual contribution at the beginning of the coverage period. A retrospective adjustment is then conducted annually thereafter, for coverage years 2012‐13 and prior. Coverage years 2013‐14 and forward are not subject to routine annual retrospective adjustment. The total funding requirement for self‐ insurance programs is based on actuarial analysis. Costs are allocated to individual agencies based on payroll and claims history, relative to other members of the risk‐sharing pool. 316 CLICK HERE to Return to Agenda
City of La Quinta, California
Notes to Financial Statements
June 30, 2023
63 Primary Liability Program
Claims are pooled separately between police and general government exposures. (1) The payroll of each member is evaluated relative to the payroll of other members. A variable credibility factor is determined for each member, which establishes the weight applied to payroll and the weight applied to losses within the formula. (2) The first layer of losses includes incurred costs up to $100,000 for each occurrence and is evaluated as a percentage of the pool’s total incurred costs within the first layer. (3) The second layer of losses includes incurred costs from $100,000 to $500,000 for each occurrence and is evaluated as a percentage of the pool’s total incurred costs within the second layer. (4) Incurred costs from $500,000 to $50 million, are distributed based on the outcome of cost allocation within the first and second loss layers.

The overall coverage limit for each member, including all layers of coverage, is $50 million per occurrence.

Subsidence losses also have a $50 million per occurrence limit. The coverage structure is composed of a combination of pooled self‐insurance, reinsurance, and excess insurance.

Workers’ Compensation
Claims are pooled separately between public safety (police and fire) and general government exposures. (1) The payroll of each member is evaluated relative to the payroll of other members. A variable credibility factor is determined for each member, which establishes the weight applied to payroll and the weight applied to losses within the formula. (2) The first layer of losses includes incurred costs up to $75,000 for each occurrence and is evaluated as a percentage of the pool’s total incurred costs within the first layer. (3) The second layer of losses includes incurred costs from $75,000 to $200,000 for each occurrence and is evaluated as a percentage of the pool’s total incurred costs within the second layer. (4) Incurred costs from $200,000 to statutory limits are distributed based on the outcome of cost allocation within the first and second loss layers.

For 2020‐21 the Authority’s pooled retention is $1 million per occurrence, with reinsurance to statutory limits under California Workers’ Compensation Law. Employer’s Liability losses are pooled among members to $1 million. Coverage from $1 million to $5 million is purchased through reinsurance policies, and Employer’s Liability losses from $5 million to $10 million are pooled among members.

Purchased Insurance
Property Insurance – The City of La Quinta participates in the all‐risk property protection program of the CJPIA.

This insurance protection is underwritten by several insurance companies. City of La Quinta property is currently insured according to a schedule of covered property submitted by the City of La Quinta to the CJPIA. City of La Quinta property currently has all‐risk property insurance protection in the amount of $89,106,544. There is a $10,000 deductible per occurrence except for non‐emergency vehicle insurance which has a $2,500 deductible.

Special Event Tenant User Liability Insurance – The City of La Quinta further protects against liability damages by requiring tenant users of certain property to purchase low‐cost tenant user liability insurance for certain activities on agency property. The insurance premium is paid by the tenant user and is paid to the City of La Quinta according to a schedule. The City of La Quinta then pays for the insurance. The insurance is facilitated by the Authority.
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City of La Quinta, California
Notes to Financial Statements
June 30, 2023
64 Earthquake and Flood Insurance – The City of La Quinta purchases earthquake and flood insurance on a portion of its property. The earthquake insurance is part of the property protection insurance program of the Authority.

The coverage will not pay for loss or damage caused by “earthquake shock” until the amount of loss or damage exceeds 5% per unit of coverage subject to a minimum deductible of $100,000 per occurrence.

Crime Insurance – The City of La Quinta purchases crime insurance coverage from Alliant Insurance Services. The policy covers theft, forgery, identity fraud, computer crime, and monetary fraud with a single loss limit of $1,000,000 and a deductible of $5,000 per occurrence.

Cyber Incident Insurance – The City of La Quinta purchases Cyber Incident Response insurance coverage through the Authority. The maximum single limit of insurance is $1,000,000.

Adequacy of Protection
During the past three fiscal years, none of the above programs of protection experienced settlements or judgments that exceeded pooled or insured coverage. There were also no significant reductions in pooled or insured liability coverage in 2022‐2023.

Note 14 ‐  Fund Balance
Fund Balance Commitments
In the governmental fund financial statements, committed reserves include:

Natural Disaster Emergency Reserves: These funds may be utilized for the preparation, recovery, and restoration of services before, during and/or after a natural disaster (such as flood, earthquake, etc.) as defined by City Code

2.20.020.

The target is $15,000,000 and will be reviewed every five years by conducting a risk analysis of all City assets, insurance levels, and potential federal/state contributions towards disaster recovery efforts. For the year ended June 30, 2023, the City has committed $15,000,000 for this purpose.

Economic Downturn Reserves: These funds may be used in such instances as a declared national, state, or regional recession; loss of a major (top 10) revenue‐generating business; or a natural disaster resulting in a significant decline in revenues. These reserves may also be used if overall revenues decrease, or expenditures increase more than 10% of the previous year’s actual revenues or expenditures.

The target of $13,000,000, was based on a long‐term analysis of the revenue and expenditure flows (which included the financial impacts of the Great Recession, the loss of Redevelopment Agencies, and the COVID‐19 pandemic) as well as the application of the Consumer Price Index (CPI) increases to the original base target.
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City of La Quinta, California
Notes to Financial Statements
June 30, 2023
65 Cash Flow Reserves: These funds are maintained to have adequate cash on hand to account for the uneven receipt of revenue. For example, property tax accounts for a large percentage of annual revenue, the bulk of which is not remitted until December and May of each year.

The target for the Cash Flow Reserves is 10% of each year’s revenue budget, or a minimum of $5,000,000. The cash flow reserve is fully funded as of June 30, 2023.

Capital Improvement Reserves: These funds may be used for capital assets and infrastructure rehabilitation, improvement, and replacement.

The target of $12,000,000 is based on annual depreciation of assets and may be adjusted by the Consumer Price Index (CPI). For the year ended June 30, 2023, the City has committed $12,000,000.

Carryovers: These funds are items appropriated in a prior fiscal year that have yet to be spent. Carryovers committed to Fiscal Year 2022‐2023 totaled $2,600,009 at June 30, 2023.

Assigned Fund Balance
The City has the following assigned fund balance shown on the balance sheet:

Assigned to public safety represents property tax accumulated and withheld by the County of Riverside to be used for fire protection, disaster preparedness, fire prevention, rescue, hazardous materials mitigation, technical rescue response, medical emergency services, and public service assists. The assigned fund balance related to this item as of June 30, 2023 is $11,986,970.

Assigned to capital projects is comprised of carryover balances for capital projects. The capital project carryover balances as of June 30, 2023 are $22,623,372. Accumulated resources related to the City’s sales tax Measure G is $29,214,191 as of June 30, 2023.

Deficit Fund Balance
At June 30, 2023, the following funds had deficit fund balances:

Major Capital Projects Fund
Capital Improvement         (6,099,608)
Nonmajor Special Revenue Funds
Quimby            (735,460)
Housing Grant               (60,267)
Nonmajor Capital Projects Fund
Library Development         (1,118,627)
319 CLICK HERE to Return to Agenda
City of La Quinta, California
Notes to Financial Statements
June 30, 2023
66 Note 15 ‐  Golf Course Management Agreement
The City entered into an agreement with Landmark Golf Management LLC (operator) to manage the golf operations at the city‐owned SilverRock Golf Course. The Agreement entered into on April 6, 2004, sets forth a five‐year term commencing upon the completion of the golf course. On January 14, 2005, the golf course was deemed to be complete, and management was turned over to the operator. The contract has been amended and extended numerous times with the current contract expiring June 30, 2023. The contract provides that the operator will manage the day‐to‐day operations, hire employees, provide golf pro shop and food services, manage all marketing and promotional activities, prepare the annual budget report for Council consideration, and manage accounting and payroll functions. In addition to the annual payment for management services, the City has advanced the operator $250,000 to pay for golf course expenses. Twice a month the operator submits a request for reimbursement to the City to replenish the City’s advance. In addition, the agreement sets forth the establishment of a capital reserve fund of 2 percent of green fees. For the fiscal year ending June 30, 2023, the Golf Course had a loss before transfers of $719,763.

Note 16 ‐  Construction Commitments
Various construction projects were in progress at June 30, 2023. Projects costs are paid out of the capital improvements fund. The following material construction commitments, for which funds have been encumbered, existed at June 30, 2023, with an estimated cost to complete.

Expenditures
Project Contract to date as of Remaining
Project Name Number Amount June 30, 2023 Commitments
Capital Improvement Fund
Dune Palms Bridge Improvement 111205 30,374,245 $      $    (7,218,082) $   23,156,163 La Quinta X Park 151609 4,686,639          (4,504,148)       182,491 La Quinta Landscape Renovation Improvement 201603 9,963,148          (6,419,536)    3,543,612 Civic Center Campus Lake/Irrigation Conversion 201606         675,270         (153,754)       521,516 SilverRock Event Space 201608 7,304,503          (7,002,256)       302,247 Washington Street at Fred Waring Dr 201701 1,860,744          (1,739,921)       120,823 Ave 53 Jefferson St Roundabout 201709 3,281,617          (3,016,952)       264,665 Corporate Yard Admin Offices & Crew 201805         591,013    (55,772)       535,241 Village Art Plaza Promenade & Cultural Campus 201901 3,310,000              (182,469)    3,127,531 Avenue 50 Bridge Spanning The Evacuation Channel 201902 16,349,000       (22,064)      16,326,936 LQ Skate Park Conver to Other Activity 201903         263,000 (315) 262,685 Hwy 111 Corridor Area Plan Implementation 201905 4,250,000              (749,921) 3,500,079 Citywide Catch Bsin Modification 201908         250,000 ‐   250,000 Avenue 48 Art and Music Line Project 202008 2,400,000              (129,359) 2,270,641 Dune Palms Rd Pavement Rehab‐Fred 202101 1,021,100         (19,453) 1,001,647 Fritz Burns Park Improvements 202102 6,350,000         (84,032) 6,265,968 Avenue 50 Pavement Rehab ( Washington St) 202201 1,100,000         (15,562) 1,084,438 City Hall Capacity Improvements 202202         800,000 (75) 799,925 FredWring Drive Pavement Rehabilitation 202203 1,470,211         (14,262) 1,455,949 320 CLICK HERE to Return to Agenda
City of La Quinta, California
Notes to Financial Statements
June 30, 2023
67 Expenditures
Project Contract to date as of Remaining
Project Name Number Amount June 30, 2023 Commitments
Sports Complex Lighting Replacement 202204 300,000                           (26,050)            273,950 Avenue 50 Widening Improvements 202205 539,400                             (2,525)            536,875 Village Utilities Underground Project 202206 124,315                           (15,793)            108,522 Highway 111 at Jefferson Street Rehab 202207 541,432                           (26,310)            515,122 ADA Transition Plan Update 202209 150,000               ‐                                     150,000 Moon River Drive Pavement Rehab 202210 400,000                         (271,359)            128,641 Village Parking Lot 202211 500,000               ‐                                     500,000 Phase II Camera System 202212 1,797,000           ‐                                  1,797,000 Smart Infrastructure Improvements 202213              250,000                   (350)            249,650 Ave 52 Pavement Rehabilitation 202214              500,000             (10,213)            489,787 Ave 58 Pavement Rehabilitation 202301 1,380,000                                   ‐         1,380,000 Avenue 52 Monroe Street 202302              150,000                         ‐            150,000 Washington street sidewalk improvement 202303              478,000                         ‐            478,000 Highway 111 Event Site 202304              500,000                         ‐            500,000 X Park Pedestrian Signal 202305              250,000                         ‐            250,000 La Quinta Parks Phase Sports Complex 202306              650,000                         ‐            650,000 Citywide Miscellaneous ADA improvements 202307              136,300                         ‐            136,300 X Park Building ADA Improvements 202308              350,000                         ‐            350,000 Washington Street Connector 202309 1,200,000                                   ‐         1,200,000 Silverrock Dust Control Improvements 202310 1,000,000                                   ‐         1,000,000 Note 17 ‐  Reimbursement Agreements
On September 9, 2014, the City entered into a sales tax sharing agreement. Under the terms of the agreement the City shall make quarterly payments of 50 percent of any sales tax generated from the business in an amount not to exceed $400,000 over an eight‐year period. Due to the reporting of sales tax information by the California Department of Tax and Fee Administration to the City, the reimbursement payments by the City will lag by one quarter. The agreement terminates when either the $400,000 limit is reached or in eight years whichever comes first. The business opened in December 2014. As of June 30, 2023, the City made $400,000 in reimbursement payments to the owner leaving an outstanding balance of $0.

Note 18 ‐  Adoption of New Standard and Correction of Error As of July 1, 2022, the City adopted GASB Statement No. 96, Subscription‐Based Information Technology Arrangements (SBITAs). The implementation of this standard establishes that a SBITA results in a right to use subscription IT asset – an intangible asset – and a corresponding liability. The standard provides the capitalization criteria for outlays other than subscription payments, including implementation costs of a SBITA.

The Statement requires recognition of certain SBITA assets and liabilities for SBITAs that previously were recognized as outflows of resources based on the payment provisions of the contract. Beginning net position and fund balance were restated to retroactively adopt the provisions of GASB Statement No. 96. As part of the restatement as a result of implementation of GASB 96, capital assets in the amount of $99,956 were written off. 321 CLICK HERE to Return to Agenda
City of La Quinta, California
Notes to Financial Statements
June 30, 2023
68 As part of the current year’s review of the activities of the Private‐Purpose Trust Fund‐ Successor Agency of the Former RDA (PPTF), the City identified activities recorded in the PPTF that should have been recorded in the City’s Housing Authority Fund. As a result, the PPTF and the Housing Authority’s beginning net position/fund balance has been restated by $2,846,027. Additionally, in the prior years, the PPTF purchased land, a portion of which was not recorded in the PPTF ($5,813,436). In total, land in the amount of $14,444,476, is part of the Housing Authority and the PPTF and Governmental Activities beginning net position has been adjusted accordingly. The PPTF incorrectly recorded underwriters fees in the previous years. As a result, an adjustment in the amount of $1,216,538 was recorded to reduce beginning net position.

Governmental Private‐Purpose
Activities Trust Fund
Information Housing Successor
Governmental Technology Authority Agency of the
Activities ISF Fund Fund former RDA
Net Position/Fund Balance at July 1, 2022, as previously reported 762,727,717 $    $       2,480,617 $     24,015,857 $     (156,242,158) Recognition of right to use subscription IT asset 945,351             945,351 ‐    ‐ Recognition of subscription IT liability    (810,483)     (810,483) ‐    ‐ Net write off of previously reported capital asset       (99,956)   (99,956) ‐    ‐ Recognition of Housing Authority land      14,444,476 ‐   ‐      (8,631,040) Recognition of Housing Authority activities        2,846,027 ‐       2,846,027   (2,846,027) Correction to previously recorded underwriters fees       ‐ ‐   ‐      (1,216,538) Net Position/Fund Balance at July 1, 2022, as restated $   780,053,132 $       2,515,529 $     26,861,884 $     (168,935,763) The effect of the restatement to the June 30, 2022 change in net position/fund balance is as follows:

Governmental Private‐Purpose
Activities Trust Fund
Information Housing Successor
Governmental Technology Authority Agency of the
Activities ISF Fund Fund former RDA
Change in Net Position/Fund Balance, June 30, 2022,
as previously reported $     29,585,150 $        307,693 $           209,157 $      16,385,791 Recognition of right to use subscription IT asset   945,351      945,351 ‐       ‐ Recognition of subscription IT liability     (810,483)    (810,483) ‐       ‐ Net write off of previously reported capital asset    (99,956)   (99,956) ‐       ‐ Recognition of Housing Authority land     14,444,476 ‐   ‐          (8,631,040) Recognition of Housing Authority activities   2,846,027 ‐        2,846,027    (2,846,027) Correction to previously recorded underwriters fees    ‐ ‐   ‐          (1,216,538) Change in Net Position/Fund Balance June 30, 2022,
as restated $     46,910,565 $        342,605 $       3,055,184 $        3,692,186 322 CLICK HERE to Return to Agenda
City of La Quinta, California
Notes to Financial Statements
June 30, 2023
69 Note 19 ‐  Successor Agency Trust for Assets of Former Redevelopment Agency On December 29, 2011, the California Supreme Court upheld Assembly Bill 1X 26 (“the Bill”) that provides for the dissolution of all redevelopment agencies in the State of California. This action impacted the reporting entity of the City of La Quinta that previously had reported a redevelopment agency within the reporting entity of the City as a blended component unit.

The Bill provides that upon dissolution of a redevelopment agency, either the city or another unit of local government will agree to serve as the “successor agency” to hold the assets until they are distributed to other units of state and local government. On January 3, 2012, the City Council elected to become the Successor Agency for the Former Redevelopment Agency (‘Former Agency”) in accordance with the Bill as part of City resolution number 2012‐002.

After enactment of the law, which occurred on June 28, 2011, redevelopment agencies in the State of California cannot enter into new projects, obligations or commitments. Subject to the control of a newly established oversight board, remaining assets can only be used to pay enforceable obligations in existence at the date of dissolution (including the completion of any unfinished projects that were subject to legally enforceable contractual commitments).

In future fiscal years, successor agencies will only be allocated revenue in the amount that is necessary to pay the estimated annual installment payments on enforceable obligations of the Former Agency until all enforceable obligations of the prior redevelopment agency have been paid in full and all assets have been liquidated.

In accordance with the timeline set forth in the Bill (as modified by the California Supreme Court on December 29, 2011) all redevelopment agencies in the State of California were dissolved and ceased to operate as a legal entity as of February 1, 2012.

The Successor Agency to the Former Agency is reported as a fiduciary fund (private purpose trust fund).

Cash and Investments
Cash and investments reported in the accompanying financial statements consisted of the following:

Cash and investments pooled with the City 15,570,390 $
Cash and investments with fiscal agent 1,549
$     15,571,939
See note 2 for required cash and investments disclosures. 323 CLICK HERE to Return to Agenda
City of La Quinta, California
Notes to Financial Statements
June 30, 2023
70 Due from other Governments
La Quinta Library
In April 2005, an advance of $2,490,273 was made from the former redevelopment agency to provide funding for the construction of the public library. The loan accrues interest at the earnings rate of the City’s investment pool fund. The remaining balance of this loan at June 30, 2023, is $1,118,627.

Deferred Outflows of Resources
As debt is refunded, the difference between the carrying value of the refunded debt and the reacquisition price is recorded as a deferred outflow of resources and amortized over the shorter of the new or refunded debt, whichever is shorter. Activity during the fiscal year is comprised of the following:

Balance at Balance
July 01, 2022 Additions Deductions June 30, 2023
Deferred charge on refunding 15,766,509 $    ‐ $           $     1,124,995 $   14,641,514 Long‐Term Debt
A description of long‐term debt outstanding of the Successor Agency as of June 30, 2023, follows:

Restated
Balance at Balance Due within
July 01, 2022 Additions Repayments June 30, 2023 One year Tax allocation bonds 174,310,000 $       ‐ $ $    13,190,000 $   161,120,000 $    13,255,000 City loans            27,394,184             476,491          3,369,682        24,500,993          3,437,076 Unamortized premiums/
discounts                (186,173) ‐             10,638            (175,535) ‐ Total $      201,518,011 $          476,491 $    16,570,320 $   185,445,458 $    16,692,076 2016 Series A
On December 22, 2016, the La Quinta Redevelopment Project Areas No. 1 and 2 Subordinate Tax Allocation Refunding Bonds 2016 Taxable Series A Bonds were issued for $35,055,000 by the Successor Agency to the La Quinta Redevelopment Agency (the “Agency”) to refinance on an advance basis the La Quinta Redevelopment Agency’s (the “Prior Agency”) previously issued $6,000,000 La Quinta Redevelopment Project Area No. 2, Subordinate Taxable Tax Allocation Bonds, Series 2011 (the “2011 Project Area No. 2 Taxable Bonds”) of which $5,810,000 was outstanding and the Prior Agency’s loan obligation under the Loan Agreement, dated February 3, 2004 as supplemented by the Second Supplemental Loan Agreement, dated as of March 1, 2011 (the “2011 Loan Obligation”) in connection with the La Quinta Financing Authority’s previously issued $28,850,000 Local Agency Subordinate Taxable Revenue Bonds, 2011 Series A (the “2011 Taxable Housing Bonds”) of which $26,635,000 was outstanding.
324 CLICK HERE to Return to Agenda
City of La Quinta, California
Notes to Financial Statements
June 30, 2023
71 The Bonds were issued on a subordinate basis to the $65,600,000 Successor Agency to the La Quinta Redevelopment Agency, La Quinta Redevelopment Project Areas No. 1 and 2, Tax Allocation Refunding Bonds, 2014 Series. The Bonds are payable from and secured by the Pledged Tax Revenues, as defined herein, to be derived from the La Quinta Redevelopment Project Area No. 1 and La Quinta Redevelopment Project Area No. 2.

The principal of and interest on the Bonds are payable solely from the pledged tax revenues allocated to the Successor Agency from the project areas. The principal balance of outstanding bonds at June 30, 2023, is $26,555,000 with an unamortized discount of $175,534.

The Bonds mature in 2040, but may be called before maturity and redeemed at the option of the Agency, in whole or in part, from the proceeds of refunding bonds or other available funds, on September 1, 2026 or on any date thereafter prior to maturity at a redemption price equal to the principal amount of Bonds to be redeemed, without premium, plus accrued interest to the redemption date.

Principal Interest Total
$       1,465,000 $       1,035,479 $       2,500,479
1,510,000          988,315        2,498,315
1,565,000          937,680        2,502,680
1,620,000          882,845        2,502,845
1,675,000          824,065        2,499,065
9,375,000      3,072,634      12,447,634
8,655,000          897,966        9,552,966
690,000            18,334            708,334
$     26,555,000 $       8,657,318 $     35,212,318
Year Ending June 30,
2024
2025
2026
2029‐2033
2034‐2038
2039‐2040
2027
2028
2021 Series A
On April 14, 2021, the Agency issued $156,915,000 in Series 2021 A Tax Allocation Refunding Bonds to refund the Series 2013 A and B and Series 2014 A Tax Allocation Bonds.

The bonds are payable in annual installments ranging from $4,785,000 to $13,610,000 until maturity on September 1, 2034. Interest is payable semiannually on March 1 and September 1 of each year, at a rate of

2.774%. Bonds outstanding at June 30, 2023 were $134,565,000. The principal and interest on the bonds are payable solely from the pledged tax revenues allocated to the Successor Agency from the project areas. 325 CLICK HERE to Return to Agenda
City of La Quinta, California
Notes to Financial Statements
June 30, 2023
72 Future debt service requirements on these bonds are as follows:

Principal Interest Total
$     11,790,000 $       2,405,638 $     14,195,638
11,845,000      2,338,010      14,183,010
11,920,000      2,227,650      14,147,650
12,060,000      2,072,532      14,132,532
12,240,000      1,881,273      14,121,273
65,005,000      5,354,057      70,359,057
9,705,000          269,175        9,974,175
$   134,565,000 $     16,548,335 $   151,113,335
2029‐2033
2034‐2035
2024
2025
2026
2027
2028
Year Ending June 30,
Loans from the City of La Quinta
The City of La Quinta loaned money to the Former Agency to cover operating and capital shortfalls. In a letter dated November 6, 2013, the California Department of Finance approved the loans as enforceable obligations to be paid through Successor Agency property tax. This loan approved split between the City’s General and the Housing Authority Funds. As of June 30, 2023, principal and capitalized interest due to the City of La Quinta was $24,500,993 and is included as part of the due from other governments balance in the City’s General and the Housing Authority Funds.

On November 22, 2017, the Department of Finance (DOF) approved the last and final Recognized Obligation Payment Schedules (ROPS). The ROPS is a comprehensive schedule which includes all bond debt service payments, City loan repayments, administration, and annual reporting requirements from fiscal years 2018‐2019 to 2039‐2040.

Estimated future loan payment requirements on the City loan are as follows:

Principal Interest Total
$       3,437,076 $                        ‐ $       3,437,076 3,505,817 ‐                           3,505,817
3,575,934 ‐                           3,575,934
3,647,452 ‐                           3,647,452
3,720,401 ‐                           3,720,401
6,614,313 ‐                           6,614,313
$     24,500,993 $                        ‐ $     24,500,993 2028
2029‐2030
Year Ending June 30,
2024
2025
2026
2027
326 CLICK HERE to Return to Agenda
City of La Quinta, California
Notes to Financial Statements
June 30, 2023
73 Pledged Tax Revenues
The City pledged, as security for bonds issued, either directly or through the Financing Authority, a portion of tax increment revenue (including Low and Moderate Income Housing set‐aside and pass through allocations) that it receives. The bonds issued were to provide financing for various capital projects, accomplish Low and Moderate Income Housing projects and to defease previously issued bonds. Assembly Bill 1X 26 provided that upon dissolution of the Redevelopment Agency, property taxes allocated to redevelopment agencies no longer are deemed tax increment but rather property tax revenues and will be allocated first to successor agencies to make payments on the indebtedness incurred by the dissolved redevelopment agency. Total principal and interest remaining on the debt is $186,325,653 with annual debt service requirements as indicated above. For the current year, the total property tax revenue recognized by the Successor Agency for the payment of indebtedness incurred was $20,124,588 and the debt service obligation on the bonds was $16,271,464.

Insurance
The Successor Agency of the Former Agency is covered under the insurance policy of the City of La Quinta at June 30, 2023.
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328 CLICK HERE to Return to Agenda
Required Supplementary Information
June 30, 2023
City of La Quinta, California
329 CLICK HERE to Return to Agenda
See Note to Required Supplementary Information 73
City of La Quinta, California
Budgetary Comparison Schedule – General Fund
Year Ended June 30, 2023
Variance with
Actual Final Budget
Original Final Amounts Positive (Negative)
Budgetary Fund Balance, July 1 $   165,907,013 $   165,907,013 $   165,907,013 $ ‐ Resources (Inflows)
Taxes        54,946,700        61,746,700        65,146,000         3,399,300 Licenses and permits          2,823,200          3,461,200          3,994,989            533,789 Intergovernmental          7,853,000          9,378,000          9,989,061            611,061 Charges for services          1,081,100          1,391,100          1,558,784            167,684 Use of money and property             555,000          2,855,000          2,388,981           (466,019) Fines and forfeitures             462,000             522,000             563,494              41,494 Miscellaneous             600,100          1,395,100          2,479,742         1,084,642 Transfer In ‐          5,000,000 ‐        (5,000,000)
Amounts available for appropriations 234,228,113            251,656,113      252,028,064            371,951 Charges to Appropriation (Outflows)
General government
Legislative             351,400             354,700             312,671              42,029 City manager          1,177,540          1,326,164          1,083,016            243,148 City attorney             796,000             796,000             358,188            437,812 Marketing          1,632,128          1,833,378          1,648,064            185,314 Human resources             495,698             591,898             439,030            152,868 City clerk          1,257,526          1,264,079             996,957            267,122 Fiscal services          1,595,830          1,610,216          1,560,869              49,347 Central services          4,388,100        14,303,716        13,570,997            732,719 The Hub customer services          1,236,482          1,244,439             996,706            247,733 Public safety
Police        18,185,900        18,246,900        16,165,493         2,081,407 Code compliance          1,663,996          1,677,746          1,571,807            105,939 Fire          8,836,872          8,838,622          7,625,126         1,213,496 Planning and development
Current planning             744,830             749,304             652,601              96,703 Public buildings          1,390,052          1,553,936          1,504,048              49,888 Building & safety          1,291,362          1,457,240          1,375,536              81,704 Administration             756,824             775,228             771,529                 3,699 Community services
Community services admin             880,480             883,980             740,952            143,028 Wellness center             682,102             757,040             717,948              39,092 Recreation programs/special events 1,088,734                    1,498,751          1,216,488            282,263 Park maintenance          3,042,072          3,207,347          3,107,294            100,053 Budget Amounts
330 CLICK HERE to Return to Agenda
See Note to Required Supplementary Information 74
City of La Quinta, California
Budgetary Comparison Schedule – General Fund
Year Ended June 30, 2023
Variance with
Actual Final Budget
Original Final Amounts Positive (Negative)
Budget Amounts
Public works
Administration $          794,862 $          800,848 $          614,776 $            186,072 Development services             512,960             514,551             413,090               101,461 Maintenance/operations ‐ street             754,768             773,415             474,366               299,049 Engineering services          1,020,756          1,248,656             646,511               602,145 Capital outlay               35,000             961,000             536,087               424,913 Debt Service
Principal                         ‐                         ‐               10,764                (10,764) Transfers out        10,039,000        47,033,518          6,939,642          40,093,876 Total charges to appropriations 64,651,274              114,302,672        66,050,556          48,252,116 Budgetary Fund Balance, June 30 $   169,576,839 $   137,353,441 $   185,977,508 $       48,624,067 331 CLICK HERE to Return to Agenda
See Note to Required Supplementary Information 75
City of La Quinta, California
Budgetary Comparison Schedule – Housing Authority
Year Ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1, as restated 26,861,884 $    $   26,861,884 $   26,861,884 $       ‐ Resources (Inflows)
Use of money and property    120,500   120,500   1,694,227    1,573,727 Extraordinary item    200,000   200,000 ‐       (200,000) Miscellaneous   1,151,000    1,274,000    96,405   (1,177,595) Amounts available for appropriations 28,333,384         28,456,384    28,652,516   196,132 Charges to Appropriation (Outflows)
Planning and development   1,712,670    2,112,295   1,830,275   282,020 Community services    250,000   305,000    254,998     50,002 Capital Outlay    ‐ ‐        201,409    (201,409)
Total charges to appropriations   1,962,670    2,417,295   2,286,682   130,613 Budgetary Fund Balance, June 30 $   26,370,714 $   26,039,089 $   26,365,834 $      326,745 Budget Amounts
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See Note to Required Supplementary Information 76
City of La Quinta, California
Budgetary Comparison Schedule – Disaster Recovery
Year Ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 (97,108) $            $           (97,108) $            ‐ (97,108) $ Resources (Inflows)
Use of money and property 10,000                        10,000               46,930   36,930 Miscellaneous revenue     4,993,505       4,993,505 ‐                   (4,993,505) Amounts available for
appropriations          4,906,397          4,906,397   (50,178)         (4,956,575) Budgetary Fund Balance, June 30 $       4,906,397 $       4,906,397 $           (50,178) $      (4,956,575) Budget Amounts
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77 City of La Quinta, California
Schedule of Proportionate Share of the Net Pension Liability – Miscellaneous Plan Last 10 Years*
2015 2016 2017 2018 2019 2020 2021 2022 2023
Proportion of the net pension liability 0.1034% 0.1260% 0.1257% 0.1272% 0.1287% 0.13134% 0.13329% 0.14222% 0.28959% Proportionate share of the net
pension liability $     6,433,391 $     8,651,290 $   10,874,098 $   12,612,523 $   12,403,691 $   13,458,200 $   14,502,311 $     7,691,773 $   13,550,553 Covered payroll $     5,421,945 $     5,480,758 $     5,569,002 $     5,739,416 $     6,064,875 $     6,669,204 $     7,066,830 $     6,238,425 $     6,223,072 Proportionate share of the net
pension liability as a percentage
of covered payroll 118.65% 157.85% 195.26% 219.75% 204.52% 201.80% 205.22% 123.30% 217.75% Plan fiduciary net position as a
percentage of the total pension
liability 79.82% 78.40% 74.06% 73.31% 75.30% 77.73% 77.71% 90.60% 90.60% * ‐ Fiscal year 2015 was the first year of implementation, therefore, only nine years are shown.

Changes in Assumptions
The discount rate changed from 7.65 percent used for the June 30, 2016 measurement date to 7.15 percent  used for the June 30, 2017 measurement date.

The discount rate changed from 7.15 percent used for the June 30, 2021 measurement date to 6.90 percent  used for the June 30, 2022 measurement date.

The inflation rate changed from 2.50 percent used for the June 30, 2021 measurement date to 2.30 percent  used for the June 30, 2022 measurement date.

Covered Payroll
In accordance with GASB Statement No. 82, Pension Issues ‐ An Amendment of GASB Statement No. 67, No. 68, and No. 73, we have restated to show covered payroll based on pensionable earnings.
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78 City of La Quinta, California
Schedule of Pension Plan Contributions – Miscellaneous Plan Last 10 Years*
2015 2016 2017 2018 2019 2020 2021 2022 2023
Actuarially determined contributions ‐
miscellaneous $        728,073 $        797,603 $        949,231 $     1,061,439 $     1,284,275 $     1,479,137 $     2,581,158 $     4,650,357 $     1,920,092 Contributions in relation to the actuarially
determined contribution    (728,073)    (797,603)    (949,231)    (1,061,439)    (1,284,275)    (1,479,137)      (2,581,158)    (4,650,357)    (13,089,144) Contribution deficiency (excess) $       ‐ $       ‐ $       ‐ $       ‐ $       ‐ $       ‐ $       ‐ $          ‐ $(11,169,052) Covered payroll $     5,480,758 $     5,569,002 $     5,739,416 $     6,064,875 $     6,669,204 $     7,066,830 $     6,238,425 $     6,223,072 $     6,682,312 Contributions as a percentage of
covered payroll 13.28% 14.32% 16.54% 17.50% 19.26% 20.93% 41.38% 74.73% 195.88% * ‐ Fiscal year 2015 was the first year of implementation, therefore, only nine years are shown.

Covered Payroll
In accordance with GASB Statement No. 82, Pension Issues ‐ An Amendment of GASB Statement No. 67, No. 68, and No. 73, we have restated to show covered payroll based on pensionable earnings.
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79 City of La Quinta, California
Schedule of Changes in the Net OPEB Liability/(Asset) and Related Ratios Last 10 Years*
2018 2019 2020 2021 2022 2023
Total OPEB Liability
Service cost $         90,827 $         93,438 $         85,174 $         88,219 $        87,732 $         85,049 Interest      93,346    100,177       93,071       97,183      102,210     107,396 Differences between expected and
actual experience       ‐      71,533 ‐            103,495    (1,617)   (623,785) Changes of assumptions       ‐     (44,229)      (14,219)       44,464 ‐         26,883 Benefit payments     (91,822)     (86,570)      (98,584)      (98,490)       (89,947)      (94,021) Net Change in Total OPEB Liability      92,351    134,349       65,442     234,871   98,378   (498,478) Total OPEB liability ‐ beginning     1,288,598      1,380,949      1,515,298       1,580,740       1,815,611      1,913,989 Total OPEB liability ‐ ending $       1,380,949 $       1,515,298 $       1,580,740 $       1,815,611 $       1,913,989 $       1,415,511 Plan Fiduciary Net Position (FNP)
Employer contributions $         ‐ $       1,609,970 $         98,584 $         98,490 $        89,947 $         94,021 Net investment income       ‐       (1,680)     106,805       88,052      336,983   (257,883) Benefit payments       ‐     (86,570)      (98,584)      (98,490)       (89,947)      (94,021) Administrative expense       ‐ (406) (327) (803) (624)      (518) Net Change in Plan Fiduciary Net Position       ‐      1,521,314     106,478       87,249      336,359   (258,401) Plan Fiduciary Net Position‐ Beginning of Year       ‐ ‐            1,521,314       1,627,792       1,715,041      2,051,400 Plan Fiduciary Net Position‐ End of Year $         ‐ $       1,521,314 $       1,627,792 $       1,715,041 $       2,051,400 $       1,792,999 Net OPEB liability/(asset)  ‐ End of Year 1,380,949 $        $          (6,016) $           (47,052) $           100,570 $         (137,411) $         (377,488) Fiduciary Net Position as a percentage of
the Total OPEB Liability 0.0% 100.4% 103.0% 94.5% 107.2% 126.7% Covered‐employee payroll 5,603,428           6,064,875      6,669,204       7,066,830       6,238,425      6,223,072 Net OPEB liability/(asset) as a percentage of
covered‐employee payroll 24.6% ‐0.1% ‐0.7% 1.4% ‐2.2% ‐6.1% Notes to Schedule:
* Fiscal year 2018 was the first year of implementation, therefore only six years are shown.

Changes in Assumptions
The discount rate and long‐term expected rate of return changed from 6.00 percent used for the June 30, 2019 measurement date to 5.50 percent used for the June 30, 2020 measurement date.

The inflation assumption was changed from 2.50 percent used for the June 30, 2019 measurement date to 2.25 percent used for the June 30, 2020 measurement date.

For the June 30, 2020 measurement date, healthcare trend rates were reset to reflect updated cost increase expectations. 336 CLICK HERE to Return to Agenda
80 City of La Quinta, California
Schedule of OPEB Contributions
Last 10 Years*
2018 2019 2020 2021 2022 2023
Actuarially determined contribution (ADC) 201,513 $         $         88,280 $        90,229 $        86,939 $      101,376 $      78,734 Contributions in relation to the (ADC) 1,609,970        98,584    98,490     89,947   91,530    58,070 Contribution deficiency (excess)    (1,408,457)    (10,304)     (8,261)      (3,008)     9,846    20,664 Covered‐employee payroll $     6,064,875 $     6,669,204 $     7,066,830 $     6,238,425 $     6,223,072 $     6,682,312 Contributions as a percentage of covered‐emp 26.5% 1.5% 1.4% 1.4% 1.5% 0.9% Notes to Schedule
Valuation date: Actuarially determined contribution rates are calculated as of June 30, one year prior to the end of the fiscal year in which contributions reported.

Methods and assumptions used to determined contribution rates:

Actuarial cost method Entry‐Age Normal Cost Method
Amortization method Level percent of payroll
Amortization period 19 years
Asset valuation method Market value
Inflation 2.25%
Healthcare Trend Rate 7% in the first year, trending down to 4% over 58 years.

Investment rate of return 5.50%
Retirement age 55
Mortality Derived using CalPERS Membership Data for all Funds Notes to Schedule:
* Fiscal year 2018 was the first year of implementation, therefore only six years are shown. 337 CLICK HERE to Return to Agenda
81 City of La Quinta, California
Note to Required Supplementary Information
June 30, 2023
Note 1 ‐  Budget Procedures
General Budget Policies
The City adopts an annual budget prepared on the modified accrual basis of accounting for its governmental funds and on the accrual basis of accounting for its proprietary funds. The City manager or his designee is authorized to transfer budgeted amounts between the accounts of any department or funds that are approved by City Council. Prior year appropriations lapse unless they are approved for carryover into the following fiscal year. Expenditures may not legally exceed appropriations at the department level.

The City did not adopt a budget for the Transportation Uniform Mitigation Fee Special Revenue Fund.

Budget Basis of Accounting
Budget for governmental funds is adopted on a basis consistent with generally accepted accounting principles (GAAP).

Expenditures in Excess of Appropriations
The following funds had expenditures in excess of appropriations for the year ended June 30, 2023:

Budget Actual Variance
General Fund
Debt Service $                        ‐ $             10,764 $           (10,764) Housing Authority
Capital Outlay                           ‐              201,409            (201,409) Library and Museum
Transfers out                           ‐              122,382            (122,382) South Coast Air Quality
Planning and Development                46,500                52,827                 (6,327) AB 939
Planning and Development              150,000              180,543               (30,543) Housing Grants
Planning and Development                90,000                97,052                 (7,052) Law Enforcement
Public Safety                17,000                29,366               (12,366) Transfer Out                           ‐                49,296               (49,296) Measure A
Public Works                           ‐                33,703               (33,703) Library Development
Debt Service                15,000                25,504               (10,504) 338 CLICK HERE to Return to Agenda
Supplementary Information
June 30, 2023
City of La Quinta, California
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82 City of La Quinta, California
Other Governmental Funds
June 30, 2023
Special Revenue Funds
Special revenue funds are used to account for specific revenues (other than expendable trusts and major capital projects) and the related expenditures that are legally required to be accounted for in a separate fund. The City of La Quinta has the following Special Revenue Funds:

State Gas Tax Fund – To account for gasoline allocations made by the State of California. These revenues are restricted by the State to expenditures for street‐related purposes only.

Library and Museum Fund – To account for revenues from property tax increment dedicated library and museum services.

Federal Assistance Fund – To account for revenues from the Community Development Block Grants received from the Federal Government and the expenditures of those resources.

State Law Enforcement Services Account (SLESA) Fund – To account for state funded “Citizens for Public Safety” (COPS) program activities, as per Assembly Bill 3229, which supplements frontline police services such as anti‐ gang community crime prevention.

Lighting and Landscaping Fund – To account for special assessments levied on real property and the expenditure thereof from City‐wide lighting and landscape maintenance and improvements.

Quimby Fund – To account for the accumulation of developer fees received under the provisions of the Quimby Act for park development and improvements. Capital projects to be funded from this source will be budgeted and expended in a separate capital projects fund.

La Quinta Public Safety Officer Fund – To account for contributions to be distributed to public safety officers disabled or killed in the line of duty.

Art in Public Places – To account for development fees paid in lieu of acquisition and installation of approved artworks in a development with expenditures restricted to acquisition, installation, maintenance and repair of artworks at approved sites.

South Coast Air Quality Fund – To account for contributions from the South Coast Air Quality Management District. Use is limited to reduction and control of airborne pollutants.

AB 939 Fund – To account for the State mandated program to reduce waste sent to the landfills through recycling efforts.

Housing Grant Fund – To account for housing related grants as required by outside agencies for reporting purposes.

Law Enforcement Fund – To account for law enforcement grants and restricted revenue for public safety. 341 CLICK HERE to Return to Agenda
83 City of La Quinta, California
Other Governmental Funds
June 30, 2023
Measure A Fund – In 1988, Riverside County voters approved a half cent sales tax, known as Measure A, to fund a variety of highway improvements, local street and road maintenance, commuter assistance and specialized highway transit projects. This fund is used to collect this tax and pursuant to the provision of Measure A, it is restricted for local street and road expenditures.

Economic Development Fund – To account for the revenues and expenditures related to proceeds from sale of City owned land and future economic development.

AB 1379 Fund – To account for the revenues and expenditures related to the annual business license accessibility fee to be used for expenses enhancing accessibility requirements.

Transportation Uniform Mitigation Fee Fund – To account for the revenues and expenditures related to Transportation Uniform Mitigation Fee monies.

Capital Project Funds
Capital projects funds account for the financial resources to be used for the acquisition, construction or improvements of major capital facilities and infrastructure.

Infrastructure Fund – To account for the accumulation of resources provided through developer fees for the acquisition, construction or improvement of the City’s infrastructure, prior to adoption of the new Developer Impact Fee Structure on August 16, 1999. This fund accounts for all developer resources received prior to this date, and is budgeted by the Council through adoption of the annual capital improvement program budget.

Civic Center Fund – This fund accounts for the accumulation of resources provided through developer fees for the acquisition, construction, or improvement of the Civic Center.

Maintenance Facilities DIF, Transportation Fund, Parks and Recreations Fund, Library Development Fund, Community Center Fund, Street Facility Fund, Park Facility Fund, Fire Facility Fund – To account for the accumulation of resources provided through developer fees for the acquisition, construction, or improvement of the City’s infrastructure. The Developer Impact Fee was adopted by the City Council on August 16, 1999. Eight funds have been established to account for the specific impact areas of these fees, and are budgeted by the Council through adoption of the annual Capital Improvement Program budget.

Debt Service Funds
Debt Service Funds are used to account for the accumulation of resources for, and the payment of, governmental long‐term debt principal and interest.

La Quinta Financing Authority Fund – This fund is used to account for the debt service that will be used for the principal and interest payments of the Financing Authority’s outstanding debt and any related reporting requirements.
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84 City of La Quinta, California
Combining Balance Sheet – Nonmajor Governmental Funds
June 30, 2023
State Library and Federal Lighting and
Gas Tax Museum Assistance SLESA Landscaping
Assets
Pooled cash and investments $       2,579,476 $     10,296,846 $               2,152 $          482,257 $          799,316 Receivables
Accounts                          ‐                          ‐                          ‐                          ‐                          ‐ Taxes             232,421                          ‐                          ‐                          ‐                45,397 Accrued interest                  2,285                  9,121                         2                     427                     708 Prepaid costs                          ‐                     468                          ‐                          ‐                          ‐ Due from other governments                          ‐          1,376,888             180,349                          ‐                11,448 Total assets $       2,814,182 $     11,683,323 $          182,503 $          482,684 $          856,869 Liabilities and Fund Balances
Liabilities
Accounts payable $               1,698 $          131,262 $                       ‐ $                  918 $          287,970 Accrued liabilities                25,399                  4,354                          ‐                          ‐                14,821 Due to other governments                          ‐                          ‐                          ‐                          ‐                          ‐ Due to other funds                          ‐                          ‐                          ‐                          ‐                          ‐ Total liabilities                27,097             135,616                          ‐                     918             302,791 Deferred Inflow of Resources
Unavailable revenues                          ‐                          ‐             180,349                          ‐                          ‐ Fund Balances
Nonspendable
Prepaid costs                          ‐                     468                          ‐                          ‐                          ‐ Restricted for
Planning and development projects                          ‐                          ‐                          ‐                          ‐                          ‐ Public safety                          ‐                          ‐                          ‐             481,766                          ‐ Community services                          ‐        11,547,239                  2,154                          ‐                          ‐ Public works          2,787,085                          ‐                          ‐                          ‐             554,078 Capital projects                          ‐                          ‐                          ‐                          ‐                          ‐ Unassigned                          ‐                          ‐                          ‐                          ‐                          ‐ Total fund balances          2,787,085        11,547,707                  2,154             481,766             554,078 Total liabilities and fund balances 2,814,182 $        $     11,683,323 $          182,503 $          482,684 $          856,869 Special Revenue Funds
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85 City of La Quinta, California
Combining Balance Sheet – Nonmajor Governmental Funds
June 30, 2023
Assets
Pooled cash and investments
Receivables
Accounts
Taxes
Accrued interest
Prepaid costs
Due from other governments
Total assets
Liabilities and Fund Balances
Liabilities
Accounts payable
Accrued liabilities
Due to other governments
Due to other funds
Total liabilities
Deferred Inflow of Resources
Unavailable revenues
Fund Balances
Nonspendable
Prepaid costs
Restricted for
Planning and development projects
Public safety
Community services
Public works
Capital projects
Unassigned
Total fund balances
Total liabilities and fund balances
La Quinta Public Art in South Coast
Quimby Safety Officer Public Places Air Quality AB 939
$                       ‐ $            53,093 $          870,589 $            84,772 $          728,940 ‐ ‐                ‐         ‐                 ‐
‐ ‐                ‐         ‐                 ‐
‐             47    771              75     646
‐ ‐                ‐         ‐                 ‐
‐ ‐                ‐               12,627                 3,826 $                       ‐ $            53,140 $          871,360 $            97,474 $          733,412 $                       ‐ $        ‐ $                       ‐ $            11,254 $               2,412 ‐ ‐                ‐         ‐                          ‐ ‐ ‐                ‐         ‐                 ‐
735,460 ‐                ‐         ‐                 ‐
735,460 ‐                ‐               11,254                 2,412 ‐ ‐                ‐         ‐                 ‐
‐ ‐                ‐         ‐                 ‐
‐ ‐                ‐               86,220            731,000 ‐      53,140 ‐         ‐                 ‐
‐ ‐                          871,360 ‐                 ‐ ‐ ‐                ‐         ‐                 ‐
‐ ‐                ‐         ‐                 ‐
(735,460) ‐                ‐         ‐                 ‐ (735,460)      53,140           871,360       86,220            731,000 $                       ‐ $            53,140 $          871,360 $            97,474 $          733,412 Special Revenue Funds
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86 City of La Quinta, California
Combining Balance Sheet – Nonmajor Governmental Funds
June 30, 2023
Assets
Pooled cash and investments
Receivables
Accounts
Taxes
Accrued interest
Prepaid costs
Due from other governments
Total assets
Liabilities and Fund Balances
Liabilities
Accounts payable
Accrued liabilities
Due to other governments
Due to other funds
Total liabilities
Deferred Inflow of Resources
Unavailable revenues
Fund Balances
Nonspendable
Prepaid costs
Restricted for
Planning and development projects
Public safety
Community services
Public works
Capital projects
Unassigned
Total fund balances
Total liabilities and fund balances
Housing Law Economic
Grant Enforcement Measure A Development AB 1379
$                       ‐ $          202,308 $       3,753,241 $       3,288,072 $            86,425 ‐                          ‐                          ‐             169,977                          ‐ ‐                          ‐             357,529                          ‐                          ‐ ‐                     179                  3,325                  2,912                       77 ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ $                       ‐ $          202,487 $       4,114,095 $       3,460,961 $            86,502 $                       ‐ $                       ‐ $                       ‐ $               7,510 $               1,923 ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ 60,267                35,394                          ‐                          ‐                          ‐ 60,267                35,394                          ‐                  7,510                  1,923 ‐                          ‐                          ‐             169,977                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                84,579 ‐             167,093                          ‐                          ‐                          ‐ ‐                          ‐                          ‐          3,283,474                          ‐ ‐                          ‐          4,114,095                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ (60,267)                          ‐                          ‐                          ‐                          ‐ (60,267)             167,093          4,114,095          3,283,474                84,579 $                       ‐ $          202,487 $       4,114,095 $       3,460,961 $            86,502 Special Revenue Funds
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87 City of La Quinta, California
Combining Balance Sheet – Nonmajor Governmental Funds
June 30, 2023
Assets
Pooled cash and investments
Receivables
Accounts
Taxes
Accrued interest
Prepaid costs
Due from other governments
Total assets
Liabilities and Fund Balances
Liabilities
Accounts payable
Accrued liabilities
Due to other governments
Due to other funds
Total liabilities
Deferred Inflow of Resources
Unavailable revenues
Fund Balances
Nonspendable
Prepaid costs
Restricted for
Planning and development projects
Public safety
Community services
Public works
Capital projects
Unassigned
Total fund balances
Total liabilities and fund balances
Special Revenue
Funds
Transportation Maintenance
Uniform Facilities
Mitigation Fee DIF Infrastructure Civic Center Transportation $               349,818 $          311,407 $            19,225 $       1,666,219 $       5,513,259 ‐ ‐                                                    ‐                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ ‐                     276                       17                  1,475                  4,883 ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ $               349,818 $          311,683 $            19,242 $       1,667,694 $       5,518,142 $               343,221 $                       ‐ $                       ‐ $                       ‐ $                       ‐ ‐                          ‐                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                         ‐ 343,221                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ 6,597             311,683                          ‐                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                19,242          1,667,694          5,518,142 ‐                          ‐                          ‐                          ‐                          ‐ 6,597             311,683                19,242          1,667,694          5,518,142 $               349,818 $          311,683 $            19,242 $       1,667,694 $       5,518,142 Capital Projects Funds
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88 City of La Quinta, California
Combining Balance Sheet – Nonmajor Governmental Funds
June 30, 2023
Assets
Pooled cash and investments
Receivables
Accounts
Taxes
Accrued interest
Prepaid costs
Due from other governments
Total assets
Liabilities and Fund Balances
Liabilities
Accounts payable
Accrued liabilities
Due to other governments
Due to other funds
Total liabilities
Deferred Inflow of Resources
Unavailable revenues
Fund Balances
Nonspendable
Prepaid costs
Restricted for
Planning and development projects
Public safety
Community services
Public works
Capital projects
Unassigned
Total fund balances
Total liabilities and fund balances
Parks and Library Community
Recreation Development Center Street Facility Park Facility $        ‐ 1,607,785 $                        $          979,452 $            80,190 $               7,552 ‐ ‐                           ‐                           ‐                           ‐ ‐ ‐                           ‐                           ‐                           ‐ ‐ 1,424                                               868                       71                         7 ‐ ‐                           ‐                           ‐                           ‐ ‐ ‐                           ‐                           ‐                           ‐ $        ‐ 1,609,209 $                        $          980,320 $            80,261 $               7,559 $                        ‐ ‐ $                        ‐ $                        ‐ $                        ‐ $ ‐ ‐                           ‐                           ‐                           ‐ ‐           ‐ 1,118,627                           ‐                           ‐ ‐ ‐                           ‐                           ‐                           ‐ ‐          1,118,627                          ‐                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                  7,559 ‐                          ‐                          ‐                80,261                          ‐ 1,609,209                          ‐             980,320                          ‐                          ‐ ‐         (1,118,627)                          ‐                          ‐                          ‐ 1,609,209         (1,118,627)             980,320                80,261                  7,559 $       1,609,209 $                       ‐ $          980,320 $            80,261 $               7,559 Capital Projects Funds
347 CLICK HERE to Return to Agenda
89 City of La Quinta, California
Combining Balance Sheet – Nonmajor Governmental Funds
June 30, 2023
Assets
Pooled cash and investments
Receivables
Accounts
Taxes
Accrued interest
Prepaid costs
Due from other governments
Total assets
Liabilities and Fund Balances
Liabilities
Accounts payable
Accrued liabilities
Due to other governments
Due to other funds
Total liabilities
Deferred Inflow of Resources
Unavailable revenues
Fund Balances
Nonspendable
Prepaid costs
Restricted for
Planning and development projects
Public safety
Community services
Public works
Capital projects
Unassigned
Total fund balances
Total liabilities and fund balances
Capital Projects Debt Service
Fund Fund
Total
Financing Governmental
Fire Facility Authority Funds
$      575,798 $      ‐ $     34,338,192
‐ ‐      169,977
‐ ‐      635,347
510 ‐       30,106
‐ ‐      468
‐ ‐       1,585,138
$      576,308 $      ‐ $     36,759,228
$      ‐ $      ‐ $     788,168
‐ ‐       44,574
‐ ‐       1,118,627
‐ ‐      831,121
‐ ‐       2,782,490
‐ ‐      350,326
‐ ‐      468
‐ ‐       1,220,079
576,308 ‐       1,278,307
‐    ‐    15,711,786
‐ ‐       7,535,519
‐ ‐       9,794,607
‐ ‐      (1,914,354)
576,308 ‐       33,626,412
$      576,308 $      ‐ $     36,759,228
348 CLICK HERE to Return to Agenda
90 City of La Quinta, California
Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Governmental Funds
Year Ended June 30, 2023
State Library and Federal Lighting and
Gas Tax Museum Assistance SLESA Landscaping
Revenues
Taxes $                        ‐ ‐ $                        ‐ $                        ‐ $                        ‐ $ Assessments                           ‐ ‐                           ‐                           ‐                                       981,315 Intergovernmental 1,809,499                    3,531,533             181,574              ‐ 165,271 Investment income 48,630                             212,997                       37                  9,398                13,718 Net decrease in fair value of
investments (32,270)                            (83,053)                      (11)                (4,748)                (6,620) Developer participation                           ‐ ‐                           ‐                           ‐                           ‐ Miscellaneous                          ‐                   ‐ 2,602                           ‐                                          23,499 Total revenues 1,825,859                    3,664,079             181,600             169,921          1,011,912 Expenditures
Current
General government                          ‐                          ‐                          ‐                          ‐                          ‐ Public safety                          ‐                          ‐                          ‐                65,558                          ‐ Planning and development                          ‐                          ‐                          ‐                          ‐                          ‐ Community services                          ‐          1,966,150                          ‐                          ‐                          ‐ Public works          1,308,114                          ‐                  3,315                          ‐          2,576,738 Capital outlay                          ‐                          ‐                          ‐                          ‐                          ‐ Debt service
Interest and fiscal charges                          ‐                          ‐                          ‐                          ‐                          ‐ Total expenditures          1,308,114          1,966,150                  3,315                65,558          2,576,738 Excess (Deficiency) of Revenues
over (under) Expenditures             517,745          1,697,929             178,285             104,363         (1,564,826) Other Financing Sources (Uses)
Transfers in             600,000                          ‐                          ‐                          ‐          1,500,000 Transfers out            (248,723)            (122,382)            (178,259)                          ‐                          ‐ Total other financing sources (uses)             351,277            (122,382)            (178,259)                          ‐          1,500,000 Net Change in Fund Balances             869,022          1,575,547                       26             104,363              (64,826) Fund Balances, Beginning of Year          1,918,063          9,972,160                  2,128             377,403             618,904 Fund Balances, End of Year $       2,787,085 $     11,547,707 $               2,154 $          481,766 $          554,078 Special Revenue Funds
349 CLICK HERE to Return to Agenda
91 City of La Quinta, California
Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Governmental Funds
Year Ended June 30, 2023
Revenues
Taxes
Assessments
Intergovernmental
Investment income
Net decrease in fair value of
investments
Developer participation
Miscellaneous
Total revenues
Expenditures
Current
General government
Public safety
Planning and development
Community services
Public works
Capital outlay
Debt service
Interest and fiscal charges
Total expenditures
Excess (Deficiency) of Revenues
over (under) Expenditures
Other Financing Sources (Uses)
Transfers in
Transfers out
Total other financing sources (uses)
Net Change in Fund Balances
Fund Balances, Beginning of Year
Fund Balances, End of Year
La Quinta Public Art in South Coast
Quimby Safety Officer Public Places Air Quality AB 939
$                        ‐ ‐ $                        $                       ‐ $                       ‐ $            84,847 ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                          ‐             101,757                          ‐ ‐                  1,087                17,868                  1,635                15,170 ‐                   (330)                (5,242)                (1,329)                (1,050) ‐                          ‐                83,086                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ ‐                     757                95,712             102,063                98,967 ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                          ‐                52,827             180,543 ‐                          ‐                59,627                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                48,347                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐             107,974                52,827             180,543 ‐                     757              (12,262)                49,236              (81,576) ‐                  2,000                50,000                          ‐                          ‐ (21,791)                          ‐                      (75)                          ‐                          ‐ (21,791)                  2,000                49,925                          ‐                          ‐ (21,791)                  2,757                37,663                49,236              (81,576) (713,669)                50,383             833,697                36,984             812,576 $         (735,460) $            53,140 $          871,360 $            86,220 $          731,000 Special Revenue Funds
350 CLICK HERE to Return to Agenda
92 City of La Quinta, California
Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Governmental Funds
Year Ended June 30, 2023
Revenues
Taxes
Assessments
Intergovernmental
Investment income
Net decrease in fair value of
investments
Developer participation
Miscellaneous
Total revenues
Expenditures
Current
General government
Public safety
Planning and development
Community services
Public works
Capital outlay
Debt service
Interest and fiscal charges
Total expenditures
Excess (Deficiency) of Revenues
over (under) Expenditures
Other Financing Sources (Uses)
Transfers in
Transfers out
Total other financing sources (uses)
Net Change in Fund Balances
Fund Balances, Beginning of Year
Fund Balances, End of Year
Housing Law Economic
Grant Enforcement Measure A Development AB 1379
$                       ‐ $                       ‐ $       2,036,268 $                       ‐ $                       ‐ ‐                          ‐                          ‐                          ‐                          ‐ 160,000                  4,896                          ‐                          ‐                19,231 ‐                  4,565                74,637             149,413                  1,688 ‐                      (35)                (8,641)              (19,798)                   (861) ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ 160,000                  9,426          2,102,264             129,615                20,058 ‐                          ‐                          ‐                          ‐                          ‐ ‐                29,366                          ‐                          ‐                          ‐ 97,052                          ‐                          ‐                  3,000                  1,923 ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                33,703                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ 97,052                29,366                33,703                  3,000                  1,923 62,948              (19,940)          2,068,561             126,615                18,135 ‐                          ‐                          ‐                          ‐                          ‐ ‐              (49,296)         (2,694,735)                          ‐                          ‐ ‐              (49,296)         (2,694,735)                          ‐                          ‐ 62,948              (69,236)            (626,174)             126,615                18,135 (123,215)             236,329          4,740,269          3,156,859                66,444 $           (60,267) $          167,093 $       4,114,095 $       3,283,474 $            84,579 Special Revenue Funds
351 CLICK HERE to Return to Agenda
93 City of La Quinta, California
Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Governmental Funds
Year Ended June 30, 2023
Revenues
Taxes
Assessments
Intergovernmental
Investment income
Net decrease in fair value of
investments
Developer participation
Miscellaneous
Total revenues
Expenditures
Current
General government
Public safety
Planning and development
Community services
Public works
Capital outlay
Debt service
Interest and fiscal charges
Total expenditures
Excess (Deficiency) of Revenues
over (under) Expenditures
Other Financing Sources (Uses)
Transfers in
Transfers out
Total other financing sources (uses)
Net Change in Fund Balances
Fund Balances, Beginning of Year
Fund Balances, End of Year
Special Revenue
Funds
Transportation Maintenance
Uniform Facilities
Mitigation Fee DIF Infrastructure Civic Center Transportation $                        ‐ ‐ $                        ‐ $                        ‐ $                        ‐ $ ‐ ‐                                                    ‐                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ ‐                  5,489                     398                30,521             103,344 ‐                (4,212)                   (105)              (19,897)              (48,299) ‐             130,312                          ‐             530,615          1,755,485 ‐                          ‐                          ‐                          ‐                          ‐ ‐             131,589                     293             541,239          1,810,530 ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                          ‐                          ‐             400,000 ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                          ‐                          ‐             400,000 ‐             131,589                     293             541,239          1,410,530 ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                          ‐                      (75)            (395,857) ‐                          ‐                          ‐                      (75)            (395,857) ‐             131,589                     293             541,164          1,014,673 6,597             180,094                18,949          1,126,530          4,503,469 $               6,597 $          311,683 $            19,242 $       1,667,694 $       5,518,142 Capital Projects Funds
352 CLICK HERE to Return to Agenda
94 City of La Quinta, California
Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Governmental Funds
Year Ended June 30, 2023
Revenues
Taxes
Assessments
Intergovernmental
Investment income
Net decrease in fair value of
investments
Developer participation
Miscellaneous
Total revenues
Expenditures
Current
General government
Public safety
Planning and development
Community services
Public works
Capital outlay
Debt service
Interest and fiscal charges
Total expenditures
Excess (Deficiency) of Revenues
over (under) Expenditures
Other Financing Sources (Uses)
Transfers in
Transfers out
Total other financing sources (uses)
Net Change in Fund Balances
Fund Balances, Beginning of Year
Fund Balances, End of Year
Parks and Library Community
Recreation Development Center Street Facility Park Facility $                        ‐ ‐ $                        $                       ‐ $                       ‐ $                       ‐ ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ 25,884                          ‐                17,248                  1,621                     136 (28,661)                          ‐              (12,503)                   (505)                      (75) 966,433             180,153             401,734                  3,360                  1,600 ‐                          ‐                          ‐                          ‐                          ‐ 963,656             180,153             406,479                  4,476                  1,661 ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ ‐                          ‐                          ‐                          ‐                          ‐ ‐                25,504                          ‐                          ‐                          ‐ ‐                25,504                          ‐                          ‐                          ‐ 963,656             154,649             406,479                  4,476                  1,661 ‐                          ‐                          ‐                          ‐                          ‐ (28,715)                          ‐                          ‐                          ‐                          ‐ (28,715)                          ‐                          ‐                          ‐                          ‐ 934,941             154,649             406,479                  4,476                  1,661 674,268         (1,273,276)             573,841                75,785                  5,898 $       1,609,209 $      (1,118,627) $          980,320 $            80,261 $               7,559 Capital Projects Funds
353 CLICK HERE to Return to Agenda
95 City of La Quinta, California
Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Governmental Funds
Year Ended June 30, 2023
Revenues
Taxes
Assessments
Intergovernmental
Investment income
Net decrease in fair value of
investments
Developer participation
Miscellaneous
Total revenues
Expenditures
Current
General government
Public safety
Planning and development
Community services
Public works
Capital outlay
Debt service
Interest and fiscal charges
Total expenditures
Excess (Deficiency) of Revenues
over (under) Expenditures
Other Financing Sources (Uses)
Transfers in
Transfers out
Total other financing sources (uses)
Net Change in Fund Balances
Fund Balances, Beginning of Year
Fund Balances, End of Year
Debt Service
Funds Fund
Total
Financing Governmental
Fire Facility Authority Funds
$                       ‐ $                       ‐ $       2,121,115 ‐                          ‐             981,315
‐                          ‐          5,973,761
10,689                     907             747,080
(6,608)                          ‐            (284,853) 162,923                          ‐          4,215,701
‐                          ‐                26,101
167,004                     907        13,780,220
‐                     907                     907
‐                          ‐                94,924
‐                          ‐             335,345
‐                          ‐          2,025,777
‐                          ‐          4,321,870
‐                          ‐                48,347
‐                          ‐                25,504
‐                     907          6,852,674
167,004                          ‐          6,927,546
‐                          ‐          2,152,000
‐                          ‐         (3,739,908)
‐                          ‐         (1,587,908)
167,004                          ‐          5,339,638
409,304                          ‐        28,286,774
$          576,308 $                       ‐ $     33,626,412 354 CLICK HERE to Return to Agenda
96 City of La Quinta, California
Budgetary Comparison Schedule – Special Revenue Fund
State Gas Tax
Year Ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $       1,918,063 $       1,918,063 $       1,918,063 $                        ‐ Resources (Inflows)
Intergovernmental          2,083,011          2,091,011          1,809,499            (281,512) Use of money and property                  8,000                  8,000                16,360                  8,360 Transfers in              600,000              600,000              600,000                           ‐ Amounts available for
appropriations          4,609,074          4,617,074          4,343,922            (273,152) Charges to Appropriation (Outflows)
Public works          1,747,140          1,758,759          1,308,114              450,645 Transfers out              940,211          1,956,659              248,723          1,707,936 Total charges to
appropriations          2,687,351          3,715,418          1,556,837          2,158,581 Budgetary Fund Balance, June 30 1,921,723 $        $           901,656 $       2,787,085 $       1,885,429 Budget Amounts
355 CLICK HERE to Return to Agenda
97 City of La Quinta, California
Budgetary Comparison Schedule – Special Revenue Fund
Library and Museum
Year Ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 9,972,160 $        $       9,972,160 $        ‐ 9,972,160 $ Resources (Inflows)
Intergovernmental          2,800,000          2,800,000          3,531,533              731,533 Use of money and property                60,000                60,000              129,944                69,944 Miscellaneous revenue                  7,000                  7,000                  2,602                 (4,398) Amounts available for
appropriations        12,839,160        12,839,160        13,636,239              797,079 Charges to Appropriation (Outflows)
Community services          1,904,146          4,761,601          1,966,150          2,795,451 Capital outlay                  5,000                  5,000                           ‐                  5,000 Transfers out                           ‐                           ‐              122,382            (122,382) Total charges to
appropriations          1,909,146          4,766,601          2,088,532          2,678,069 Budgetary Fund Balance, June 30 10,930,014 $      $       8,072,559 $     11,547,707 $       3,475,148 Budget Amounts
356 CLICK HERE to Return to Agenda
98 City of La Quinta, California
Budgetary Comparison Schedule – Special Revenue Fund
Federal Assistance
Year Ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 2,128 $                $               2,128 $               2,128 $                        ‐ Resources (Inflows)
Intergovernmental              156,000              391,126              181,574            (209,552) Use of money and property                           ‐                           ‐                        26                        26 Amounts available for
appropriations              158,128              393,254              183,728            (209,526) Charges to Appropriation (Outflows)
Public works                20,000                20,000                  3,315                16,685 Transfers out              132,600              367,726              178,259              189,467 Total charges to
appropriations              152,600              387,726              181,574              206,152 Budgetary Fund Balance, June 30 $               5,528 $               5,528 $               2,154 $              (3,374) Budget Amounts
357 CLICK HERE to Return to Agenda
99 City of La Quinta, California
Budgetary Comparison Schedule – Special Revenue Fund
SLESA
Year Ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 377,403 $            $           377,403 $           377,403 $               ‐ Resources (Inflows)
Intergovernmental        100,000            100,000     165,271           65,271 Use of money and property             1,000      1,000          4,650   3,650 Amounts available for
appropriations        478,403            478,403     547,324           68,921 Charges to Appropriation (Outflows)
Public safety        100,000            100,000       65,558           34,442 Budgetary Fund Balance, June 30 $           378,403 $           378,403 $           481,766 $           103,363 Budget Amounts
358 CLICK HERE to Return to Agenda
100
City of La Quinta, California
Budgetary Comparison Schedule – Special Revenue Fund
Lighting and Landscaping
Year Ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $           618,904 $           618,904 $           618,904 $                        ‐ Resources (Inflows)
Assessments              982,300              982,300              981,315                    (985) Use of money and property                  1,000                  1,000                  7,098                  6,098 Miscellaneous                           ‐                           ‐                23,499                23,499 Transfers in          1,500,000          1,500,000          1,500,000                           ‐ Amounts available for
appropriations          3,102,204          3,102,204          3,130,816                28,612 Charges to Appropriation (Outflows)
Public works          2,465,376          2,710,631         2,576,738              133,893 Budgetary Fund Balance, June 30 $           636,828 $           391,573 $           554,078 $           162,505 Budget Amounts
359 CLICK HERE to Return to Agenda
101
City of La Quinta, California
Budgetary Comparison Schedule – Special Revenue Fund
Quimby
Year Ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $         (713,669) $         (713,669) $         (713,669) $                        ‐ Resources (Inflows)
Developer participation                25,000                25,000                           ‐               (25,000) Amounts available for
appropriations            (688,669)            (688,669)            (713,669)               (25,000) Charges to Appropriation (Outflows)
Transfers out                           ‐              466,967                21,791              445,176 Budgetary Fund Balance, June 30 (688,669) $          $      (1,155,636) $         (735,460) $           420,176 Budget Amounts
360 CLICK HERE to Return to Agenda
102
City of La Quinta, California
Budgetary Comparison Schedule – Special Revenue Fund
La Quinta Public Safety Officer
Year Ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 50,383 $              $             50,383 $              ‐ 50,383 $ Resources (Inflows)
Use of money and property                      200                      200                      757                      557 Transfers in                  2,000                  2,000                  2,000                           ‐ Amounts available for
appropriations                52,583                52,583                53,140                      557 Budgetary Fund Balance, June 30 $             52,583 $             52,583 $             53,140 $                   557 Budget Amounts
361 CLICK HERE to Return to Agenda
103
City of La Quinta, California
Budgetary Comparison Schedule – Special Revenue Fund
Art in Public Places
Year Ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $           833,697 $           833,697 $           833,697 $                        ‐ Resources (Inflows)
Use of money and property                  3,000                  3,000                12,626                  9,626 Developer participation              100,000              100,000                83,086               (16,914) Transfer In                50,000                50,000                50,000                           ‐ Amounts available for
appropriations              986,697              986,697              979,409                 (7,288) Charges to Appropriation (Outflows)
Community services                77,000                77,000                59,627                17,373 Capital outlay              100,000              136,700                48,347                88,353 Transfers out                           ‐              212,465                        75              212,390 Total charges to
appropriations              177,000              426,165              108,049              318,116 Budgetary Fund Balance, June 30 $           809,697 $           560,532 $           871,360 $           310,828 Budget Amounts
362 CLICK HERE to Return to Agenda
104
City of La Quinta, California
Budgetary Comparison Schedule – Special Revenue Fund
South Coast Air Quality
Year Ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 36,984 $              $             36,984 $              ‐ 36,984 $ Resources (Inflows)
Intergovernmental                54,000                54,000              101,757                47,757 Use of money and property                      400                      400                      306                       (94) Amounts available for
appropriations                91,384                91,384              139,047                47,663 Charges to Appropriation (Outflows)
Planning and development                46,500                46,500                52,827                 (6,327) Budgetary Fund Balance, June 30 $             44,884 $             44,884 $             86,220 $             41,336 Budget Amounts
363 CLICK HERE to Return to Agenda
105
City of La Quinta, California
Budgetary Comparison Schedule – Special Revenue Fund
AB 939
Year Ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 812,576 $        $       812,576 $       812,576 $      ‐ Resources (InFlows)
Taxes     60,000     60,000     84,847   24,847
Use of money and property   4,000   4,000    14,120    10,120 Amounts available for
appropriations     876,576     876,576     911,543    34,967 Charges to Appropriation (Outflows)
Planning and development     150,000     150,000     180,543    (30,543) Total charges to
appropriations     150,000     150,000     180,543    (30,543) Budgetary Fund Balance, June 30 $       726,576 $       726,576 $       731,000 $      4,424 Budget Amounts
364 CLICK HERE to Return to Agenda
106
City of La Quinta, California
Budgetary Comparison Schedule – Special Revenue Fund
Housing Grants
Year Ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 (123,215) $          $         (123,215) $          ‐ (123,215) $ Resources (Inflows)
Intergovernmental                            ‐ ‐                                         160,000              160,000 Amounts available for
appropriations (123,215)                        (123,215)                36,785              160,000 Charges to Appropriation (Outflows)
Planning and development                           ‐                90,000                97,052                 (7,052) Total charges to
appropriations                           ‐                90,000                97,052                 (7,052) Budgetary Fund Balance, June 30 (123,215) $          $         (213,215) $           (60,267) $           152,948 Budget Amounts
365 CLICK HERE to Return to Agenda
107
City of La Quinta, California
Budgetary Comparison Schedule – Special Revenue Fund
Law Enforcement
Year Ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 236,329 $            $           236,329 $            ‐ 236,329 $ Resources (Inflows)
Intergovernmental                            ‐ ‐                                             4,896                  4,896 Use of money and property 2,100                                    2,100                  4,530                  2,430 Miscellaneous revenue 17,000                                 ‐ 17,000                                          (17,000) Amounts available for
appropriations 255,429                            255,429              245,755                 (9,674) Charges to Appropriation (Outflows)
Public safety 17,000                                17,000                29,366               (12,366) Transfers out                           ‐                           ‐                49,296               (49,296) Total charges to
appropriations                17,000                17,000                78,662               (61,662) Budgetary Fund Balance, June 30 $           238,429 $           238,429 $           167,093 $           (71,336) Budget Amounts
366 CLICK HERE to Return to Agenda
108
City of La Quinta, California
Budgetary Comparison Schedule – Special Revenue Fund
Measure A
Year Ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 4,740,269 $        $       4,740,269 $        ‐ 4,740,269 $ Resources (Inflows)
Taxes          1,865,000          1,865,000          2,036,268              171,268 Use of money and property                10,000                10,000                65,996                55,996 Miscellaneous revenue                           ‐                           ‐                           ‐                           ‐ Amounts available for
appropriations          6,615,269          6,615,269          6,842,533              227,264 Charges to Appropriation (OutFlows)
Public works                           ‐                           ‐                33,703               (33,703) Transfers out          3,882,000          5,843,145          2,694,735          3,148,410 Total charges to
appropriations          3,882,000          5,843,145          2,728,438          3,114,707 Budgetary Fund Balance, June 30 $       2,733,269 $           772,124 $       4,114,095 $       3,341,971 Budget Amounts
367 CLICK HERE to Return to Agenda
109
City of La Quinta, California
Budgetary Comparison Schedule – Special Revenue Fund
Economic Development
Year Ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 3,156,859 $        $       3,156,859 $        ‐ 3,156,859 $ Resources (Inflows)
Use of money and property                15,000                15,000              129,615              114,615 Amounts available for
appropriations          3,171,859          3,171,859          3,286,474              114,615 Charges to Appropriation (Outflows)
Planning and development                21,500                21,500                  3,000                18,500 Total charges to
appropriations                21,500                21,500                  3,000                18,500 Budgetary Fund Balance, June 30 $       3,150,359 $       3,150,359 $       3,283,474 $           133,115 Budget Amounts
368 CLICK HERE to Return to Agenda
110
City of La Quinta, California
Budgetary Comparison Schedule – Special Revenue Fund
AB 1379
Year Ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 66,444 $              $             66,444 $              ‐ 66,444 $ Resources (Inflows)
Intergovernmental                20,000                20,000                19,231                    (769) Use of money and property                      200                      200                      827                      627 Amounts available for
appropriations                86,644                86,644                86,502                    (142) Charges to Appropriation (Outflows)
Planning and development                  5,500                  5,500                  1,923                  3,577 Budgetary Fund Balance, June 30 $             81,144 $             81,144 $             84,579 $               3,435 Budget Amounts
369 CLICK HERE to Return to Agenda
111
City of La Quinta, California
Budgetary Comparison Schedule – Capital Projects Fund
Capital Improvement
Year Ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 (990,472) $          $         (990,472) $          ‐ (990,472) $ Resources (Inflows)
Intergovernmental          ‐      22,057,829     391,120       (21,666,709) Developer participation          ‐            921,527             420       (921,107) Transfers in        13,136,811      56,493,897          7,927,550       (48,566,347) Amounts available for
appropriations        12,146,339      78,482,781          7,328,618       (71,154,163) Charges to Appropriation (Outflows)
Planning and development           ‐        2,591,436       33,757     2,557,679 Capital outlay        13,136,811      75,821,693        13,394,469   62,427,224 Total charges to
appropriations        13,136,811      78,413,129        13,428,226   64,984,903 Budgetary Fund Balance, June 30 (990,472) $          $             69,652 $      (6,099,608) $      (6,169,260) Budget Amounts
370 CLICK HERE to Return to Agenda
112
City of La Quinta, California
Budgetary Comparison Schedule – Capital Projects Fund
Maintenance Facilities DIF Fund
Year Ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 180,094 $            $           180,094 $           180,094 $                        ‐ Resources (Inflows)
Use of money and property                      500                      500                  1,277                      777 Developer participation                75,000                75,000              130,312                55,312 Amounts available for
appropriations              255,594              255,594              311,683                56,089 Budgetary Fund Balance, June 30 $           255,594 $           255,594 $           311,683 $             56,089 Budget Amounts
371 CLICK HERE to Return to Agenda
113
City of La Quinta, California
Budgetary Comparison Schedule – Capital Projects Fund
Infrastructure
Year Ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 18,949 $              $             18,949 $              ‐ 18,949 $ Resources (Inflows)
Use of money and property                      100                      100                      293                      193 Amounts available for
appropriations                19,049                19,049                19,242                      193 Budgetary Fund Balance, June 30 $             19,049 $             19,049 $             19,242 $                   193 Budget Amounts
372 CLICK HERE to Return to Agenda
114
City of La Quinta, California
Budgetary Comparison Schedule – Capital Projects Fund
Civic Center
Year Ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 1,126,530 $        $       1,126,530 $        ‐ 1,126,530 $ Resources (Inflows)
Use of money and property                  1,000                  1,000                10,624                  9,624 Developer participation              300,000              300,000              530,615              230,615 Amounts available for
appropriations          1,427,530          1,427,530          1,667,769              240,239 Charges to Appropriation (Outflows)
Transfers Out              250,000              250,000                        75              249,925 Total charges to
appropriations              250,000              250,000                        75              249,925 Budgetary Fund Balance, June 30 1,177,530 $        $       1,177,530 $       1,667,694 $           490,164 Budget Amounts
373 CLICK HERE to Return to Agenda
115
City of La Quinta, California
Budgetary Comparison Schedule – Capital Projects Fund
Transportation
Year Ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 4,503,469 $        $       4,503,469 $        ‐ 4,503,469 $ Resources (Inflows)
Use of money and property          20,000   20,000       55,045           35,045 Developer participation    1,000,000        1,000,000          1,755,485         755,485 Amounts available for
appropriations     5,523,469        5,523,469          6,313,999         790,530 Charges to Appropriation (Outflows)
Public works        400,000            400,000     400,000 ‐ Transfers out        100,000         1,516,757     395,857     1,120,900 Total charges to
appropriations        500,000        1,916,757     795,857     1,120,900 Budgetary Fund Balance, June 30 5,023,469 $        $       3,606,712 $       5,518,142 $       1,911,430 Budget Amounts
374 CLICK HERE to Return to Agenda
116
City of La Quinta, California
Budgetary Comparison Schedule – Capital Projects Fund
Parks and Recreation
Year Ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 674,268 $            $           674,268 $           674,268 $                        ‐ Resources (Inflows)
Use of money and property                  1,000                  1,000                 (2,777)                 (3,777) Developer participation              500,000              500,000              966,433              466,433 Amounts available for
appropriations          1,175,268          1,175,268          1,637,924              462,656 Charges to Appropriation (Outflows)
Transfers out              500,000              500,000                28,715              471,285 Total charges to
appropriations              500,000              500,000                28,715              471,285 Budgetary Fund Balance, June 30 $           675,268 $           675,268 $       1,609,209 $           933,941 Budget Amounts
375 CLICK HERE to Return to Agenda
117
City of La Quinta, California
Budgetary Comparison Schedule – Capital Projects Fund
Library Development
Year Ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 (1,273,276) $       $      (1,273,276) $       ‐ (1,273,276) $ Resources (Inflows)
Developer participation 75,000                                75,000              180,153              105,153 Amounts available for
appropriations (1,198,276)                  (1,198,276)         (1,093,123)              105,153 Charges to Appropriation (Outflows)
Debt service
Interest and fiscal charges                15,000                15,000                25,504               (10,504) Budgetary Fund Balance, June 30 (1,213,276) $       $      (1,213,276) $      (1,118,627) $             94,649 Budget Amounts
376 CLICK HERE to Return to Agenda
118
City of La Quinta, California
Budgetary Comparison Schedule – Capital Projects Fund
Community Center
Year Ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $           573,841 $           573,841 $           573,841 $                        ‐ Resources (Inflows)
Use of money and property                  2,000                  2,000                  4,745                  2,745 Developer participation              150,000              150,000              401,734              251,734 Amounts available for
appropriations              725,841              725,841              980,320              254,479 Charges to Appropriation (Outflows)
Transfers out                           ‐              125,000                           ‐              125,000 Budgetary Fund Balance, June 30 $           725,841 $           600,841 $           980,320 $           379,479 Budget Amounts
377 CLICK HERE to Return to Agenda
119
City of La Quinta, California
Budgetary Comparison Schedule – Capital Projects Fund
Street Facility
Year Ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 75,785 $              $             75,785 $              ‐ 75,785 $ Resources (Inflows)
Use of money and property          ‐ ‐            1,116             1,116 Developer participation          10,000   10,000         3,360            (6,640) Amounts available for
appropriations          85,785   85,785       80,261            (5,524) Budgetary Fund Balance, June 30 $             85,785 $             85,785 $             80,261 $              (5,524) Budget Amounts
378 CLICK HERE to Return to Agenda
120
City of La Quinta, California
Budgetary Comparison Schedule – Capital Projects Fund
Park Facility
Year Ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 5,898 $                $               5,898 $               5,898 $                        ‐ Resources (Inflows)
Use of money and property                           ‐                           ‐                        61                        61 Developer participation                           ‐                           ‐                  1,600                  1,600 Amounts available for
appropriations                  5,898                  5,898                  7,559                  1,661 Budgetary Fund Balance, June 30 $               5,898 $               5,898 $               7,559 $               1,661 Budget Amounts
379 CLICK HERE to Return to Agenda
121
City of La Quinta, California
Budgetary Comparison Schedule – Capital Projects Fund
Fire Facility
Year Ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 409,304 $            $           409,304 $           409,304 $               ‐ Resources (Inflows)
Use of money and property            1,000     1,000         4,081             3,081 Developer participation        100,000            100,000     162,923           62,923 Amounts available for
appropriations        510,304            510,304     576,308           66,004 Budgetary Fund Balance, June 30 $           510,304 $           510,304 $           576,308 $             66,004 Budget Amounts
380 CLICK HERE to Return to Agenda
122
City of La Quinta, California
Budgetary Comparison Schedule – Debt Service Fund
Financing Authority
Year Ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $                         ‐ ‐ $                         ‐ $                         $                        ‐ Resources (Inflows)
Use of money and property                  1,100                  1,100                      907                    (193) Amounts available for
appropriations                  1,100                  1,100                      907                    (193) Charges to Appropriation (Outflows)
General government                  1,100                  1,100                      907                      193 Budgetary Fund Balance, June 30 $                        ‐ $                        ‐ $                        ‐ $                        ‐ Budget Amounts
381 CLICK HERE to Return to Agenda
123
City of La Quinta, California
Internal Service Funds
Year Ended June 30, 2023
Internal service funds are used to account for activities involved in rendering services to departments within the City. Costs of materials and services used are accumulated in this fund and charged to the user departments as such goods are delivered or services rendered.

The City of La Quinta has the following Internal Service Funds:

Equipment Replacement Fund – To account for the operational maintenance and ultimate replacement of City owned and operated vehicles and equipment.

Information Technology Fund – To account for the purchase and replacement of information systems.

Park Equipment and Facilities Fund – To account for the purchase and replacement of City owned and operated park equipment and facilities.

Insurance Fund – To account for the City’s insurance coverage. 382 CLICK HERE to Return to Agenda
124
City of La Quinta, California
Combining Statement of Net Position
Internal Service Funds
June 30, 2023
Park
Equipment Information Equipment
Replacement Technology and Facilities Insurance Totals
Assets
Current
Pooled cash and investments 4,206,434 $      $     2,997,084 $     3,770,268 $         611,912 $   11,585,698 Receivables
Accrued interest 3,726                                  2,655                 3,340                    542              10,263 Prepaid costs                         ‐             ‐ 252,053                                          1,002            253,055 Total current assets 4,210,160                  3,251,792         3,773,608            613,456      11,849,016 Noncurrent
Capital assets ‐ net         1,896,836            160,972      11,340,555                         ‐      13,398,363 Right to use leased assets,
net of accumulated amortization 33,108               ‐                          ‐                          ‐                                       33,108 Right to use subscription IT assets,
net of accumulated amortization                         ‐             ‐ 592,321                          ‐                                     592,321 Total noncurrent assets         1,929,944            753,293      11,340,555                         ‐      14,023,792 Total assets 6,140,104                  4,005,085      15,114,163            613,456      25,872,808 Liabilities
Current
Accounts payable              13,146            221,464            393,768                    865            629,243 Accrued liabilities                         ‐               ‐ 12,281                          ‐                                       12,281 Accrued interest 51                       ‐                          ‐                          ‐                                               51 Current portion of leases              31,159                         ‐                         ‐                         ‐              31,159 Current portion of subscription IT arrangement                         ‐             ‐ 352,117                          ‐                                     352,117 Total current liabilities              44,356            585,862            393,768                    865         1,024,851 Noncurrent
Long‐term portion of leases                 5,303                         ‐                         ‐                         ‐                 5,303 Long‐term portion of subscription IT arrangement                         ‐             ‐ 143,557                          ‐                                     143,557 Total noncurrent liabilities                 5,303            143,557                         ‐                         ‐            148,860 Total liabilities              49,659            729,419            393,768                    865         1,173,711 Net Position
Net investment in capital assets 1,893,482                     257,619       ‐ 11,340,555                               13,491,656 Unrestricted         4,196,963         3,018,047         3,379,840            612,591      11,207,441 Total net position 6,090,445                  3,275,666      14,720,395            612,591      24,699,097 Total liabilities and net position 6,140,104 $      $     4,005,085 $   15,114,163 $         613,456 $   25,872,808 Governmental Activities ‐ Internal Service Funds
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City of La Quinta, California
Combining Statement of Revenues, Expenses and Changes in Fund Net Position Internal Service Funds
Year Ended June 30, 2023
Park
Equipment Information Equipment and
Replacement Technology Facilities Insurance Totals
Operating Revenues
Sales and service charges $     1,664,000 $     2,263,132 $       450,000 $     1,020,000 $     5,397,132 Total operating revenues 1,664,000          2,263,132     450,000      1,020,000      5,397,132 Operating Expenses
Administration and general   (3,410)   43,788 ‐          191,839     232,217 Fuel and oil    138,412 ‐      ‐      ‐          138,412 Maintenance and parts 392,721     ‐      ‐      ‐          392,721 Contract services      ‐    569,598     749,485 ‐           1,319,083 Software and supplies      ‐    441,845 ‐          770,046      1,211,891 Depreciation and
amortization expense 532,821        498,796     526,934 ‐           1,558,551 Total operating expenses 1,060,544          1,554,027      1,276,419     961,885      4,852,875 Operating Income (Loss)    603,456    709,105    (826,419)   58,115     544,257 Nonoperating Revenue (Expenses)
Investment income 82,866         57,513   80,886      7,922     229,187 Net decrease in fair value of
investments     (33,905)     (30,592)      (19,260)    (7,114)      (90,871) Miscellaneous revenue 208,148     ‐      ‐      ‐          208,148 Gain on disposal of capital assets 189,571       44,601 ‐      ‐          234,172 Interest expense   (1,253)     (20,490) ‐      ‐           (21,743) Total nonoperating revenues 445,427       51,032   61,626     808     558,893 Changes in Net Position 1,048,883         760,137    (764,793)   58,923      1,103,150 Net Position
Beginning of Year, as restated     5,041,562     2,515,529   15,485,188     553,668   23,595,947 End of Year $     6,090,445 $     3,275,666 $   14,720,395 $       612,591 $   24,699,097 Governmental Activities ‐ Internal Service Funds
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126
City of La Quinta, California
Combining Statement of Cash Flows
Internal Service Funds
Year Ended June 30, 2023
Park
Equipment Information Equipment
Replacement Technology and Facilities Insurance Totals
Operating Activities
Cash received from interfund services provided 1,664,000 $      $     2,263,132 $         450,000 $     1,020,000 $     5,397,132 Cash paid to suppliers for goods and services (578,215)                  (1,067,760)           (357,759)           (839,170)       (2,842,904) Net Cash from Operating Activities 1,085,785                  1,195,372              92,241            180,830         2,554,228 Capital and Related Financing Activities
Cash paid for lease liability‐ principal portion (98,772)              ‐                          ‐                          ‐                                      (98,772) Cash paid for lease liability‐ interest portion               (1,372)                         ‐                         ‐                         ‐               (1,372) Capital contributions            208,148                         ‐                         ‐                         ‐            208,148 Acquisition and construction of capital assets           (862,176)           (117,894)           (146,433)                         ‐       (1,126,503) Proceeds from sales of capital assets            189,571              44,601                         ‐                         ‐            234,172 Cash paid for subscription liability‐ principal portion                         ‐           (431,239)                         ‐                         ‐           (431,239) Cash paid for subscription liability‐ interest portion                         ‐               (9,848)                         ‐                         ‐               (9,848) Net Cash used for Capital and
Related Financing Activities           (564,601)           (514,380)           (146,433)                         ‐       (1,225,414) Investing Activities
Investment Income              47,459              15,082              60,671                    539            123,751 Net Cash from Investing Activities              47,459              15,082              60,671                    539            123,751 Net Change in Cash and Cash Equivalents            568,643            696,074                 6,479            181,369         1,452,565 Cash and Cash Equivalents, Beginning of Year         3,637,791         2,301,010         3,763,789            430,543      10,133,133 Cash and Cash Equivalents, End of Year $     4,206,434 $     2,997,084 $     3,770,268 $         611,912 $   11,585,698 ‐                         ‐                         ‐                         ‐ Reconciliation of operating income to net cash
from (used for) operating activities
Operating income (loss) $         603,456 $         709,105 $       (826,419) $           58,115 $         544,257 Adjustments to reconcile operating income (loss) to
net cash from (used for) operating activities
Depreciation/amortization            532,821            498,796            526,934                         ‐         1,558,551 Changes in
Prepaid costs                         ‐           (147,119)                         ‐            123,586             (23,533) Accounts payable             (50,492)            123,725            391,726                   (871)            464,088 Accrued liabilities                         ‐              10,865                         ‐                         ‐              10,865 Total adjustments            482,329            486,267            918,660            122,715         2,009,971 Net Cash from Operating Activities $     1,085,785 $     1,195,372 $           92,241 $         180,830 $     2,554,228 Non‐Cash Transactions
Capital assets acquired by lease $                      ‐ $         116,966 $                      ‐ $                      ‐ $         116,966 Governmental Activities ‐ Internal Service Funds
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Statistical Section
June 30, 2023
City of La Quinta, California
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City of La Quinta, California
Statistical Section
Year Ended June 30, 2023
This part of the City of La Quinta’s annual comprehensive annual financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the City’s overall financial health.

Contents Page
Financial Trends
These schedules contain trend information to help the reader understand how the City's financial performance and well‐being have changed over time. 128 Revenue Capacity
These schedules contain information to help the reader assess the factors affecting the City's ability to generate its property taxes. 140 Debt Capacity
These schedules present information to help the reader assess the affordability of the City's current levels of understanding debt and the City's ability to use additional debt in the future. 149
Demographic and Economic Information
These schedules offer demographic and economic indicators to help the reader understand the environment within which the City's financial activities take place and to help make comparisons over time and with other governments. 156 Operating Information
These schedules contain information about the City's operations and resources to help the reader understand how the City's financial information relates to the services the City provides and the activities it performs. 159 Sources: Unless otherwise noted, the information in these schedules are derived from the annual comprehensive financial reports for the relevant year. 389 CLICK HERE to Return to Agenda
128
City of La Quinta, California
Net Position by Component (Table 1)
Last Ten Fiscal Years
(Accrual basis of accounting)
2014 2015 2016 2017 2018
Governmental Activities
Net investment in capital assets $ 527,614,666 $ 523,495,389 $ 516,499,682 $ 517,039,487 $ 510,913,594 Restricted 53,669,248 62,472,221 61,148,731 38,824,860 39,204,789 Unrestricted 83,907,046 74,362,189 84,439,071 118,125,125 130,950,644 Total Governmental Activities Net Position 665,190,960 660,329,799 662,087,484 673,989,472 681,069,027 Business-Type Activities
Net investment in capital assets 41,354,565 44,118,111 43,898,784 43,836,868 43,585,880 Unrestricted (4,674,666) (4,892,647) (5,086,906) (5,140,966) (5,203,212) Total Business-Type Activities Net Positio 36,679,899 39,225,464 38,811,878 38,695,902 38,382,668 Primary Government
Net investment in capital assets 568,969,231 567,613,500 560,398,466 560,876,355 554,499,474 Restricted 53,669,248 62,472,221 61,148,731 38,824,860 39,204,789 Unrestricted 79,232,380 69,469,542 79,352,165 112,984,159 125,747,432 Total Primary Government Net Position 701,870,859 699,555,263 700,899,362 712,685,374 719,451,695 Fiscal Year
Source: City of La Quinta
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129
City of La Quinta, California
Net Position by Component (Table 1)
Last Ten Fiscal Years
(Accrual basis of accounting)
2019 2020 2021 2022 2023
Governmental Activities:
$ 519,221,969 $ 509,777,422 $ 519,203,177 $ 517,697,036 $ 532,627,757 Net investment in capital assets 44,815,499 46,001,248 46,711,801 54,412,355 62,283,620 Restricted 138,584,041 142,418,499 162,887,430 190,618,323 220,277,110 Unrestricted 702,621,509 698,197,169 728,802,408 762,727,717 815,188,487 Total Governmental Activities Net Position Business-Type Activities:
43,375,536 39,712,955 42,717,914 42,491,762 42,242,526 Net investment in capital assets 240,125 3,145,820 368,750 1,036,834 1,166,307 Unrestricted 43,615,661 42,858,775 43,086,664 43,528,596 43,408,833 Total Business-Type Activities Net Position Primary Government:
562,597,505 549,490,377 561,921,091 560,188,798 574,870,283 Net investment in capital assets 44,815,499 46,001,248 46,711,801 53,601,581 62,283,620 Restricted 138,824,166 145,564,319 163,256,180 192,465,934 221,443,417 Unrestricted 746,237,170 741,055,944 771,889,072 806,256,313 858,597,320 Total Primary Government Net Position Fiscal Year
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130
City of La Quinta
Changes in Net Position (Table 2)
Last Ten Fiscal Years
(Accrual basis of accounting)
2014 2015 2016 2017 2018
Expenses
Governmental activities:

General government $ 4,830,239 $ 5,166,732 $ 5,645,004 $ 5,565,727 $ 8,869,174 Public safety 21,169,423 21,636,149 22,067,603 23,378,824 22,508,088 Planning and development 3,098,015 2,212,013 3,359,732 2,882,321 4,352,134 Community services 4,130,085 5,992,362 6,214,098 6,584,268 9,231,268 Public works 12,610,994 18,116,732 12,157,245 10,927,160 15,580,975 Interest on long-term debt 405,977 340,716 343,129 309,463 1,468,971 Total governmental activities expenditures 46,244,733 53,464,704 49,786,811 49,647,763 62,010,610 Business-type activities:

Golf course 4,971,977 5,053,360 4,373,586 3,965,644 4,318,463 Total business-type activities expenditures 4,971,977 5,053,360 4,373,586 3,965,644 4,318,463 51,216,710 58,518,064 54,160,397 53,613,407 66,329,073
Program Revenues
Governmental activities:

Charges for services:

General government 71,042 121,140 192,538 504,127 883,153 Public safety 1,412,819 1,655,421 1,378,704 341,368 367,848 Planning and development 595,980 489,589 467,053 564,327 724,499 Community services 1,224,719 307,869 386,824 453,098 442,656 Public works 1,195,703 1,197,069 1,134,630 741,703 1,054,902 Operating grants and contributions 14,587,153 16,829,107 12,213,338 6,187,803 4,259,916 Capital grants and contributions 3,981,286 3,536,444 1,076,145 3,316,153 4,455,060 Total governmental activities program revenues 23,068,702 24,136,639 16,849,232 12,108,579 12,188,034 Business-type activities:

Charges for services:

Golf course 3,481,424 3,561,857 3,621,495 3,446,340 3,567,718 Capital grants and contributions - 2,872,122 - - -
Total business-type activities program revenues 3,481,424 6,433,979 3,621,495 3,446,340 3,567,718 26,550,126 30,570,618 20,470,727 15,554,919 15,755,752
Net Revenues (Expenditures):

Governmental activities (23,176,031) (29,328,065) (32,937,579) (37,539,184) (49,822,576) Business-type activities (1,490,553) 1,380,619 (752,091) (519,304) (750,745) (24,666,584) (27,947,446) (33,689,670) (38,058,488) (50,573,321) General Revenues and Other Changes in Net Position:

Governmental activities:

Taxes:

Property taxes 9,193,753 8,776,491 8,798,296 15,521,335 15,887,015 Transient occupancy taxes 6,307,737 6,637,183 7,835,745 9,433,970 10,752,788 Sales tax 8,786,819 8,873,008 9,107,046 10,060,305 18,956,985 Franchise taxes 1,688,263 1,861,453 1,799,938 1,815,491 1,977,179 Business license taxes 307,654 306,087 334,465 365,451 345,187 Other taxes 580,834 530,336 516,964 585,333 718,472
Motor vehicle in lieu, unrestricted 3,291,042 3,486,367 3,651,549 3,813,213 3,941,348 Investment income 2,190,357 1,981,343 2,390,468 442,710 803,654 Net Increase (Decrease) of Investment Fair Value
Miscellaneous 243,498 296,346 376,193 460,614 649,566
Special Item (interfund loan payoff) - - - - -
Extraordinary gain/loss on dissolution of RDA (6,402,450) - - 7,344,050 3,624,121 Transfers (500,000) (247,739) (115,400) (401,300) (434,000) Total governmental activities 25,687,507 32,500,875 34,695,264 49,441,172 57,222,315 Business-type activities:

Investment income 1,567 2,043 4,282 2,028 3,511
Net Increase (Decrease) of Investment Fair Value
Miscellaneous 678,046 915,164 218,823 - -
Transfers 500,000 247,739 115,400 401,300 434,000
Total business-type activities 1,179,613 1,164,946 338,505 403,328 437,511 Total Primary Government 26,867,120 33,665,821 35,033,769 49,844,500 57,659,826 Changes in Net Position
Governmental activities 2,511,476 3,172,810 1,757,685 11,901,988 7,399,739 Business-type activities (310,940) 2,545,565 (413,586) (115,976) (313,234) Total Primary Government 2,200,536 5,718,375 1,344,099 11,786,012 7,086,505 Total Primary Government Expenditures
Total Primary Government Program Revenues
Total Net Revenues (Expenditures)
Fiscal Year
Source: City of La Quinta
For fiscal 2018/19, there is a one-time entry for an interfund loan noted as a 'special item' under governmental activites and 'miscellaneous' under business type activities. This is also dicussed in the Notes to Basic Financial Statements section of the 2018/19 CAFR, Note 19: Special Item. 392 CLICK HERE to Return to Agenda
131
City of La Quinta
Changes in Net Position (Table 2)
Last Ten Fiscal Years
(Accrual basis of accounting)
2019 2020 2021 2022 2023
Expenditures:

Governmental activities:
$ 9,085,863 $ 9,877,251 $ 8,106,209 $ 9,733,224 $ 17,213,248 General government 23,164,976 24,009,725 24,429,310 25,741,782 25,457,350 Public safety 5,913,321 5,845,836 6,508,522 4,716,745 3,146,264 Planning and development 6,202,084 11,362,950 6,958,234 8,439,863 9,550,001 Community services 4,430,519 32,248,031 11,438,197 14,985,480 14,043,797 Public works 210,941 98,049 42,081 11,914 25,504 Interest on long-term debt 49,007,703 83,441,842 57,482,553 63,629,008 69,436,164 Total governmental activities expenditures Business-type activities:
4,558,922 4,148,190 4,169,286 4,746,281 5,520,342 Golf course 4,558,922 4,148,190 4,169,286 4,746,281 5,520,342 Total business-type activities expenditures 53,566,625 87,590,032 61,651,839 68,375,289 74,956,506 Total Primary Government Expenditures Program Revenues:

Governmental activities:

Charges for services:
516,115 615,348 1,541,535 1,402,810 1,716,965 General government 376,249 367,277 770,760 648,914 555,423 Public safety
636,683 799,040 710,529 1,315,760 1,356,426 Planning and development 479,542 366,896 178,554 137,769 185,979 Community services 1,119,816 1,436,362 1,503,633 3,378,132 2,736,907 Public works 5,623,509 7,817,482 4,413,523 5,786,773 7,136,358 Operating grants and contributions 5,462,395 9,613,752 15,770,048 11,952,031 8,760,788 Capital grants and contributions 14,214,310 21,016,157 24,888,582 24,622,189 22,448,846 Total governmental activities program revenues Business-type activities:

Charges for services:
3,773,396 2,746,748 3,509,096 4,679,163 4,767,458 Golf course - - - - - Capital grants and contributions
3,773,396 2,746,748 3,509,096 4,679,163 4,767,458 Total business-type activities program revenues 17,987,706 23,762,905 28,397,678 29,301,352 27,216,304 Total Primary Government Program Revenues Net Revenues (Expenditures):
(34,793,394) (62,425,685) (32,593,971) (39,006,040) (46,987,318) Governmental activities (785,526) (1,401,442) (660,190) (67,118) (752,884) Business-type activities (35,578,920) (63,827,127) (33,254,161) (39,073,158) (47,740,202) Total Net Revenues (Expenditures) General Revenues and Other Changes in Net Position:

Governmental activities:

Taxes:
16,423,843 16,710,544 16,893,629 17,823,858 20,697,081 Property taxes 11,230,915 8,079,394 11,847,139 18,365,424 19,262,569 Transient occupancy taxes 20,905,243 19,136,015 23,323,549 28,204,906 28,888,079 Sales tax 2,032,848 1,996,593 2,055,505 2,240,468 2,375,729 Franchise taxes 418,707 378,744 383,551 446,745 489,738 Business license taxes 713,237 662,545 1,568,997 1,352,585 926,743 Other taxes 4,086,536 4,290,417 4,376,455 4,663,327 5,110,569 Motor vehicle in lieu, unrestricted 5,150,613 5,110,358 1,427,664 219,164 5,058,717 Investment income (5,727,183) (1,519,171) Net Increase (Decrease) of Investment Fair Value 394,347 1,404,143 1,457,788 943,160 1,432,619 Miscellaneous (5,553,561) - - - - Special Item (interfund loan payoff) 993,148 867,792 739,933 609,515 - Extraordinary gain/loss on dissolution of RDA (450,000) (635,200) (875,000) (550,000) (600,000) Transfers 56,345,876 58,001,345 63,199,210 68,591,969 82,122,673 Total governmental activities Business-type activities:
14,958 9,356 13,081 4,329 12,456 Investment income
(45,279) 20,665 Net Increase (Decrease) of Investment Fair Value 5,553,561 - - - - Miscellaneous
450,000 635,200 875,000 550,000 600,000 Transfers
6,018,519 644,556 888,081 509,050 633,121 Total business-type activities 62,364,395 58,645,901 64,087,291 69,101,019 82,755,794 Total Primary Government Changes in Net Position
21,552,482 (4,424,340) 30,605,239 29,585,150 35,135,355 Governmental activities 5,232,993 (756,886) 227,891 441,932 (119,763) Business-type activities 26,785,475 (5,181,226) 30,833,130 30,027,082 35,015,592 Total Primary Government Fiscal Year
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132
City of La Quinta
Changes in Net Position – Governmental Activities (Table 3) Last Ten Fiscal Years
(Accrual basis of accounting)
2014 2015 2016 2017 2018
Expenses
General government $ 4,830,239 $ 5,166,732 $ 5,645,004 $ 5,565,727 $ 8,869,174 Public safety 21,169,423 21,636,149 22,067,603 23,378,824 22,508,088 Planning and development 3,098,015 2,212,013 3,359,732 2,882,321 4,352,134 Community services 4,130,085 5,992,362 6,214,098 6,584,268 9,231,268 Public works 12,610,994 18,116,732 12,157,245 10,927,160 15,580,975 Interest on long-term debt 405,977 340,716 343,129 309,463 1,468,971 Total Governmental Activities Expenditures 46,244,733 53,464,704 49,786,811 49,647,763 62,010,610 Program Revenues
Charges for services:

General government 71,042 121,140 192,538 504,127 883,153 Public safety 1,412,819 1,655,421 1,378,704 341,368 367,848 Planning and development 595,980 489,589 467,053 564,327 724,499 Community services 1,224,719 307,869 386,824 453,098 442,656 Public works 1,195,703 1,197,069 1,134,630 741,703 1,054,902 Operating grants and contributions 14,587,153 16,829,107 12,213,338 6,187,803 4,259,916 Capital grants and contributions 3,981,286 3,536,444 1,076,145 3,316,153 4,455,060 23,068,702 24,136,639 16,849,232 12,108,579 12,188,034
Net Revenues (Expenditures) (23,176,031) (29,328,065) (32,937,579) (37,539,184) (49,822,576) General Revenues and Other Changes in Net Position
Taxes:

Property taxes 9,193,753 8,776,491 8,798,296 15,521,335 15,887,015 Transient occupancy taxes 6,307,737 6,637,183 7,835,745 9,433,970 10,752,788 Sales tax 8,786,819 8,873,008 9,107,046 10,060,305 18,956,985 Franchise tax 1,688,263 1,861,453 1,799,938 1,815,491 1,977,179 Business license taxes 307,654 306,087 334,465 365,451 345,187 Other tax 580,834 530,336 516,964 585,333 718,472
Motor vehicle in lieu, unrestricted 3,291,042 3,486,367 3,651,549 3,813,213 3,941,348 Investment income 2,190,357 1,981,343 2,390,468 442,710 803,654 Net Increase (Decrease) of Investment Fair Value
Gain (loss) on sale of capital assets - - 376,193 460,614 649,566 Miscellaneous 243,498 296,346 - - -
Special item (interfund loan payoff)
Extraordinary gain/loss on dissolution of RDA (6,402,450) - 7,344,050 - 3,624,121 Transfers (500,000) (247,739) (115,400) (401,300) (434,000) Total Governmental Activities 25,687,507 32,500,875 34,695,264 49,441,172 57,222,315 Changes in Net Position 2,511,476 3,172,810 1,757,685 11,901,988 7,399,739 Total Governmental Activities Program Revenues
Fiscal Year
Source: City of La Quinta
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133
City of La Quinta
Changes in Net Position – Governmental Activities (Table 3) Last Ten Fiscal Years
(Accrual basis of accounting)
2019 2020 2021 2022 2023
Expenditures:
$ 9,085,863 $ 9,877,251 $ 8,106,209 $ 9,732,445 $ 17,213,248 General government 23,164,976 24,009,725 24,429,310 25,741,782 25,457,350 Public safety 5,913,321 5,845,836 6,508,522 4,716,745 3,146,264 Planning and development 6,202,084 11,362,950 6,958,234 8,439,863 9,550,001 Community services 4,430,519 32,248,031 11,438,197 14,985,480 14,043,797 Public works 210,941 98,049 42,081 11,914 25,504 Interest on long-term debt 49,007,703 83,441,842 57,482,553 63,628,229 69,436,164 Total Governmental Activities Expenditures Program Revenues:

Charges for services:
516,115 615,348 1,541,535 1,402,810 1,716,965 General government 376,249 367,277 770,760 648,914 555,423 Public safety
636,683 799,040 710,529 1,315,760 1,356,426 Planning and development 479,542 366,896 178,554 137,769 185,979 Community services 1,119,816 1,436,362 1,503,633 3,378,132 2,736,907 Public works 5,623,509 7,817,482 4,413,523 5,786,773 7,136,358 Operating grants and contributions 5,462,395 9,613,752 15,770,048 11,952,031 8,760,788 Capital grants and contributions 14,214,310 21,016,157 24,888,582 24,622,189 22,448,846
Total Governmental Activities Program
Revenues
(34,793,394) (62,425,685) (32,593,971) (39,006,040) (46,987,318) Net Revenues (Expenditures) General Revenues and Other Changes in
Net Position:

Taxes:
16,710,544 16,423,843 16,893,629 17,823,858 20,697,081 Property taxes 11,230,915 8,079,394 11,847,139 18,365,424 19,262,569 Transient occupancy taxes 20,905,243 19,136,015 23,323,549 28,204,906 28,888,079 Sales tax 2,032,848 1,996,593 2,055,505 2,240,468 2,375,729 Franchise tax 418,707 378,744 383,551 446,745 489,738 Business license taxes 713,237 662,545 1,568,997 1,352,585 926,743 Other tax
4,086,536 4,290,417 4,376,455 4,663,327 5,110,569 Motor vehicle in lieu, unrestricted 5,150,613 5,110,358 1,427,664 219,164 5,058,717 Investment income (5,727,183) (1,519,171) Net Increase (Decrease) of Investment Fair Value 394,347 1,404,143 1,457,788 942,381 Gain (loss) on sale of capital assets - - - - 1,432,619 - Miscellaneous
(5,553,561) - - - Special item (interfund loan payoff) - 993,148 867,792 739,933 609,515 Extraordinary gain/loss on dissolution of RDA - (450,000) (635,200) (875,000) (550,000) (600,000) Transfers 56,345,876 58,001,345 63,199,210 68,591,190 82,122,673 Total Governmental Activities 21,552,482 (4,424,340) 30,605,239 29,585,150 35,135,355 Changes in Net Position Fiscal Year
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134
City of La Quinta
Changes in Net Position – Business‐type Activities (Table 4) Last Ten Fiscal Years
(Accrual basis of accounting)
2014 2015 2016 2017 2018
Expenses
Golf course $ 4,971,977 $ 5,053,360 $ 4,373,586 $ 3,965,644 $ 4,318,463 Total Business-Type Activities Expenditures 4,971,977 5,053,360 4,373,586 3,965,644 4,318,463 Program revenues
Charges for services:

Golf course 3,481,424 3,561,857 3,621,495 3,446,340 3,567,718 Capital grants and contributions 2,872,122 - - - -
3,481,424 6,433,979 3,621,495 3,446,340 3,567,718
Net Revenues (Expenditures) (1,490,553) 1,380,619 (752,091) (519,304) (750,745) General Revenues and Other Changes in Net Position
Investment income 1,567 2,043 4,282 2,028 3,511
Net Increase (Decrease) of Investment Fair Value - - - - - Miscellaneous 678,046 915,164 218,823 - -
Transfers 500,000 247,739 115,400 401,300 434,000
Total Business-Type Activities 1,179,613 1,164,946 338,505 403,328 437,511 Changes in Net Position (310,940) 2,545,565 (413,586) (115,976) (313,234) Total Business-Type Activities Program Revenues
Fiscal Year
Source: City of La Quinta
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135
City of La Quinta
Changes in Net Position – Business‐type Activities (Table 4) Last Ten Fiscal Years
(Accrual basis of accounting)
2019 2020 2021 2022 2023
Expenditures:
$ 4,558,922 $ 4,148,190 $ 4,169,286 $ 4,746,281 $ 5,520,342 Golf course 4,558,922 4,148,190 4,169,286 4,746,281 5,520,342 Total Business-Type Activities Expenditures Program revenues:

Charges for services:
3,773,396 2,746,748 3,509,096 4,679,163 4,767,458 Golf course - - - - Capital grants and contributions -
3,773,396 2,746,748 3,509,096 4,679,163 4,767,458
(785,526) (1,401,442) (660,190) (67,118) (752,884) Net Revenues (Expenditures) General Revenues and Other Changes in Net Position:
14,958 9,356 13,081 4,329 12,456 Investment income
- - - (45,279) 20,665 Net Increase (Decrease) of Investment Fair Value 5,553,561 - - - Miscellaneous -
450,000 635,200 875,000 550,000 600,000 Transfers
6,018,519 644,556 888,081 509,050 633,121 Total Business-Type Activities 5,232,993 (756,886) 227,891 441,932 (119,763) Changes in Net Position Total Business-Type Activities Program Revenues
Fiscal Year
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136
City of La Quinta
Fund Balances of Governmental Funds (Table 5)
Last Ten Fiscal Years
(Modified accrual basis of accounting)
2014 2015 2016(1) 2017 2018
General fund
Nonspendable:

Prepaid costs $ 1,500 $ 15,653 $ 204,589 $ 10,578 $ 90,657 Land held for resale 8,320,000 8,320,000 8,320,000 8,320,000 8,320,000 Advances to other funds 15,163,183 14,943,098 14,974,800 15,022,660 14,954,085 Deposits 4,830 33,985 - - -
Due from Other Governments 34,976,516 26,715,575 25,105,681 29,154,040 29,611,707 Restricted for:

Section 115 Trust (Note 11)
Committed:

Emergency Reserve(2) 16,034,995 15,372,600 15,576,000 16,534,000 - Natural Disaster Reserve(2) - - - 7,400,000 -
Economic Disaster Reserve(2) - - - 8,140,000 -
Post retirement health benefits(3) 1,523,401 1,523,401 1,523,400 1,523,400 - Capital Replacement Reserve(2) 1,507,429 1,727,390 2,302,000 5,000,000 - Cash Flow Reserve(2) 2,836,820 3,843,150 3,894,000 4,134,000 5,000,000 Pension Trust(4) - - - 2,000,000 -
Carryovers 356,438 476,400 4,274,046 120,000 2,186,500
Assigned:

Continuing appropriations 209,000 - - - -
Public Safety (Note 14) - - 9,371,699 - 9,754,327
Sales Tax Reserve (Note 14) - - - 5,169,970 -
Capital Projects (Note 14) - - 6,322,570 - 4,996,815
Unassigned 10,699,641 13,837,312 13,822,012 16,949,526 19,199,506 Total general fund 91,633,753 86,808,564 98,565,571 107,462,473 121,823,567 All other governmental funds
Nonspendable:

Prepaid costs - - 8,422 10,349 -
Restricted:

Planning and development projects 5,970,006 13,108,499 18,211,200 22,664,093 22,607,600 Public safety 274,274 301,843 189,988 83,506 342,919
Community services 12,459,516 10,711,704 9,872,124 10,040,222 10,016,652 Public works 1,571,163 1,129,697 1,250,827 1,546,505 2,033,627 Capital Projects 1,590,168 3,873,699 3,597,221 4,490,534 4,203,991 Unassigned (12,370,462) (12,703,744) (11,655,344) (11,423,008) (11,347,062) Total all other governmental funds 9,494,665 16,421,698 21,474,438 27,412,201 27,857,727 Total Governmental Funds 101,128,418 103,230,262 120,040,009 134,874,674 149,681,294 Fiscal Year
Notes:
(1)In Fiscal Year 2016-17, the City recognized property tax held by the County of Riverside as available to fund current obligations and as such the General Fund fund balance was adjusted up by 8,569,043 to 98,565,571. See Note 19 for FY 2016-17 (2) In Fiscal year 2017-18, the City adopted a reserves policy which modifed, added and/ or eliminated reserve category names. Emergency Reserves are now split into Natural Disaster and Economic Disaster, Working Capital Reserve was re-named Cash Flow Reserve, and Capital Replacement and Pension Trust were added.
(3) In Fiscal Year 2017-18 the City opened a trust for Other Post Employment Benefits (OPEB), and this reserve was deposited into the trust. See Note 10. (4) In Fiscal Year 2018-19 the City opened a trust for Pension Benefits, and this reserve was deposited into the trust. See Note 11. 398 CLICK HERE to Return to Agenda
137
City of La Quinta
Fund Balances of Governmental Funds (Table 5)
Last Ten Fiscal Years
(Modified accrual basis of accounting)
2019 2020 2021 2022 2023
General fund:

Nonspendable:
$ 37,182 $ 14,065 $ 25,246 $ 46,990 $ 125,993 Prepaid costs 5,730,990 5,403,652 5,403,652 5,403,652 5,403,652 Land held for resale - - - - Advances to other funds -
- - - - - Deposits
27,915,770 26,069,742 24,070,622 21,915,347 19,600,793 Due from Other Governments Restricted for:
6,540,000 10,249,738 11,381,922 10,137,888 5,317,487 Section 115 Trust (Note 11) Committed:
- - - - Emergency Reserve - (2)
10,000,000 10,000,000 10,000,000 10,000,000 15,000,000 Natural Disaster Reserve(2) 11,000,000 6,800,000 11,000,000 11,000,000 13,000,000 Economic Disaster Reserve(2) - - - - - Post retirement health benefits(3)
5,000,000 6,540,000 10,000,000 10,000,000 12,000,000 Capital Replacement Reserve(2) 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 Cash Flow Reserve(2) - - - Pension Trust - (4)
745,300 1,778,800 1,209,870 1,209,100 2,600,009 Carryovers Assigned:
- - - - Continuing appropriations -
9,864,841 10,491,654 11,423,931 11,183,821 11,986,970 Public Safety (Note 14) 7,721,975 8,736,219 15,128,658 15,355,043 29,214,191 Sales Tax Reserve (Note 14) 11,853,162 13,155,144 13,431,089 30,761,847 22,623,372 Capital Projects (Note 14) 16,228,627 19,094,651 24,241,553 33,893,325 44,105,041 Unassigned 117,637,847 123,333,665 142,316,543 165,907,013 185,977,508 Total general fund All other governmental funds:

Nonspendable:
386 2,875 1,019 96,590 Prepaid costs 468
Restricted:
22,996,435 23,680,641 24,751,443 25,118,552 27,585,913 Planning and development projects 1,391,721 1,607,101 931,352 1,073,419 1,278,307 Public safety 13,775,710 14,376,472 12,813,788 13,159,532 15,711,786 Community services 2,667,401 3,208,072 5,196,324 7,353,021 7,535,519 Public works 3,904,492 3,128,962 3,018,894 6,897,057 9,794,607 Capital Projects (1,852,211) (5,175,243) (3,182,262) (2,483,120) (8,064,140) Unassigned 42,883,934 40,828,880 43,530,558 51,215,051 53,842,460 Total all other governmental funds 160,521,781 164,162,545 185,847,101 217,122,064 239,819,968 Total Governmental Funds Fiscal Year
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138
City of La Quinta
Changes in Fund Balances of Governmental Funds (Table 6) Last Ten Fiscal Years
(Modified accrual basis of accounting)
2014 2015 2016 2017 2018
Revenues
Taxes $ 27,192,089 $ 26,678,471 $ 28,057,989 $ 41,832,117 $ 44,931,250 Assessments 951,181 940,221 944,050 953,699 950,541
Licenses and permits 953,540 1,356,978 1,161,820 1,118,911 1,394,820 Intergovernmental 16,506,666 15,702,943 14,960,676 4,870,334 12,555,259 Charges for services 1,238,277 1,341,438 1,332,541 1,021,336 1,279,864 Use of money and property 2,175,048 1,950,957 7,475,742 4,659,301 2,388,683 Contributions, fines, and forfeitures 838,972 1,956,452 28,459 348,345 375,390 Developer participation 3,059,254 2,803,681 1,441,075 1,042,568 1,534,628 Miscellaneous 575,001 580,843 992,282 289,047 1,196,057 Total Revenues 53,490,028 53,311,984 56,394,634 56,135,658 66,606,492 Expenditures
Current:

General government 4,068,827 5,050,425 5,267,024 5,845,197 7,737,111 Public safety 21,189,086 21,664,472 22,125,962 23,377,755 22,508,088 Planning and development 1,748,477 2,097,525 3,294,259 2,549,779 4,310,589 Community services 4,011,432 4,798,123 4,983,038 4,626,401 5,236,083 Public works 4,617,050 5,283,309 4,101,210 4,025,958 4,146,135 Capital projects 7,974,747 11,097,186 7,209,874 6,859,428 9,015,861 Debt service:

Principal retirement 558,019 594,383 632,615 651,625 666,988 Interest and fiscal charges 411,010 348,334 346,137 307,600 1,460,371 Total Expenditures 44,578,648 50,933,757 47,960,119 48,243,743 55,081,226 8,911,380 2,378,227 8,434,515 7,891,915 11,525,266
Other financing sources (uses):

Proceeds from sale of land - - - - -
Transfers in 4,201,763 12,037,331 6,420,538 21,503,514 7,432,340 Transfers out (4,335,679) (12,322,714) (6,614,349) (21,904,814) (7,775,107) Capital Leases - 9,000 - -
Total Other Financing Sources (Uses) (133,916) (276,383) (193,811) (401,300) (342,767) Extraordinary gain/loss on dissolution of RDA (6,402,450) - - 7,344,050 3,624,121 Special item (interfund loan payoff) - - - - -
Net Change in Fund Balances 2,375,014 2,101,844 8,240,704 14,834,665 14,806,620

2.6% 2.2% 2.4% 2.5% 3.3%
Excess (Deficiency) of Revenues Over (Under)
Expenditures
Debt Service as a Percentage of Noncapital
Expenditures (1)
Fiscal Year
Notes:
(1) The capitalizable expenditures were derived from the Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds and Note 4, Capital Assets.
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139
City of La Quinta
Changes in Fund Balances of Governmental Funds (Table 6) Last Ten Fiscal Years
(Modified accrual basis of accounting)
2019 2020 2021 2022 2023
Revenues:
$ 48,462,493 $ 44,881,038 $ 53,493,786 $ 65,107,160 $ 67,267,115 Taxes 961,633 957,017 984,435 969,257 981,315 Assessments
1,555,026 1,913,519 2,020,596 4,521,449 3,994,989 Licenses and permits 14,075,980 17,107,595 25,720,328 15,989,135 16,353,942 Intergovernmental 1,170,825 1,179,592 964,710 1,623,951 1,558,784 Charges for services 4,824,651 5,219,088 2,601,482 (3,545,192) 4,592,365 Use of money and property 375,491 665,193 779,606 657,589 563,494 Contributions, fines, and forfeitures 2,231,471 1,863,587 1,844,665 5,584,146 4,216,121 Developer participation 2,425,675 1,371,095 645,780 970,399 2,602,248 Miscellaneous 76,083,245 75,157,724 89,055,388 91,877,894 102,130,373 Total Revenues Expenditures
Current:
10,129,408 7,732,495 8,464,230 10,515,771 20,967,405 General government 23,164,976 24,009,725 24,429,310 25,741,782 25,457,350 Public safety 6,415,466 5,436,281 6,544,477 5,234,065 6,503,091 Planning and development 5,944,200 6,159,707 5,583,420 6,325,904 8,063,457 Community services 4,219,461 5,421,606 5,287,280 5,654,080 6,470,613 Public works 9,096,460 23,150,511 18,219,385 7,167,446 14,180,312 Capital projects Debt service:
650,000 - - 10,705 10,764 Principal retirement
178,080 28,868 15,133 11,914 25,504 Interest and fiscal charges 59,798,051 71,939,193 68,543,235 60,661,667 81,678,496 Total Expenditures 16,285,194 3,218,531 20,512,153 31,216,227 20,451,877
Other financing sources (uses):
- 1,219,485 - - Proceeds from sale of land -
12,942,596 16,467,409 10,781,267 6,131,440 10,079,550 Transfers in (13,826,890) (16,912,971) (11,568,281) (6,681,440) (10,679,550) Transfers out - - - - Capital Leases -
(884,294) (445,562) 432,471 (550,000) (600,000) Total Other Financing Sources (Uses) 993,148 867,792 739,933 609,515 Extraordinary gain/loss on dissolution of RDA - (5,553,561) - - - Special item (interfund loan payoff) - 10,840,487 3,640,761 21,684,557 31,275,742 19,851,877 Net Change in Fund Balances

2.03% 0.06% 0.03% 0.06% 0.06%
36,268 22,619
67,498,184 53,494,221

0.04% 0.05%
Debt Service as a Percentage of Noncapital
Expenditures (1)
Excess (Deficiency) of Revenues Over (Under)
Expenditures
Fiscal Year
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140
City of La Quinta
Tax Revenue by Source (Table 7)
Last Ten Fiscal Years
Fiscal
Year
Property
Tax(1)
Transient
Occupancy Tax Sales Tax Franchise Tax
Business
License Tax
Document
Transfer Tax Total
2014 9,193,753 6,307,737 8,786,819 1,688,263 307,654 580,834 26,865,060 2015 8,776,491 6,637,183 8,873,008 1,861,453 306,087 530,336 26,984,558 2016 8,798,296 7,835,745 9,107,046 1,799,938 334,465 516,964 28,392,454 2017 15,521,335 9,433,970 10,060,305 1,815,491 365,451 585,333 37,781,885 2018 15,887,015 10,752,788 18,956,985 1,977,179 345,187 718,472 48,637,626 2019 16,423,843 11,230,915 20,905,243 2,032,848 418,707 713,237 51,724,793 2020 16,710,544 8,079,394 19,136,015 1,996,593 378,744 662,545 46,963,835 2021 16,893,629 11,847,139 23,323,549 2,055,505 383,551 1,568,997 56,072,370 2022 17,823,858 18,365,424 28,204,906 2,240,468 446,745 1,352,585 68,433,986 2023 20,697,081 19,262,569 28,888,079 2,375,729 489,738 926,743 72,639,939 Notes:
(1) Starting in 2017, the revenue collected by the County that is remitted to the City for fire services is included in the property tax number.

Source: City of La Quinta
‐
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
70,000,000
80,000,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Tax Revenue by Source
Property Tax(1) Transient Occupancy Tax Sales Tax Franchise Tax Business License Tax Document Transfer Tax 402 CLICK HERE to Return to Agenda
141
City of La Quinta
Top 25 Bradley‐Burns Sales Tax Producers (Table 8)
Current Year and Nine Years Ago
(in dollars)
Arco AM PM Service Stations
Best Buy Electronics/Appliance Stores
Circle K Service Stations
Cliffhouse Fine Dining Chevrolet Cadillac of La Quinta New Motor Vehicle Dealers Costco Discount Dept. Stores Circle K Service Stations
Floor & Décor Building Materials Cliffhouse Fine Dining G&M Oil Service Stations Costco Discount Dept. Stores
Genesis/Hyundai of La Quinta New Motor Vehicle Dealers G & M Oil Service Stations Hobby Lobby Specialty Stores Hyundai of La Quinta New Motor Vehicle Dealers Home Depot Building Materials Home Depot Building Materials In N Out Burger Quick-Service Restaurants Kohl's Department Stores Kohl's Department Stores La Quinta Resort & Club Hotels-Liquor La Quinta Chevrolet & Cadillac New Motor Vehicle Dealers Lowe's Building Materials La Quinta Resort & Club Hotels/Motels Marshalls Family Apparel Lowe's Building Materials Ralphs Grocery Stores
Marshalls Family Apparel Ross Family Apparel
PGA West Private Clubhouse Leisure/Entertainment Stater Bros Grocery Stores Ross Family Apparel Stein Mart Department Stores
Target Discount Dept. Stores Stuft Pizza Bar & Grill Casual Dining TJ Maxx Family Apparel Target Discount Dept. Stores
Torre Nissan New Motor Vehicle Dealers Torre Nissan New Motor Vehicle Dealers Tower Mart Service Stations Tower Mart Service Stations Ulta Beauty Specialty Stores USA Gas Service Stations
Vons Grocery Stores Vintners Shell Station Service Stations Walmart Supercenter Discount Dept. Stores Walmart Supercenter Discount Dept. Stores

64.81% 69.44%
Bed Bath & Beyond
Best Buy
Service Stations
Home Furnishings
Fiscal Year 2013-14
Percent of Fiscal Year Total Paid by Top 25 Accounts: Percent of Fiscal Year Total Paid by Top 25 Accounts:

Fiscal Year 2022-23
Business Name Business Category (1) Business Name (1) Business Category Electronics/Appliance Stores
Arco AM/PM
Notes:
(1) Firms are listed alphabetically. State law does not allow for the disclosure of the sales tax revenue amounts by account.

Top 25 businesses listed for state Bradley-Burns sales tax allocation only. For Top 25 business listings by local Measure G, see next page. Sales tax revenue chart includes total remitted for both.
$0
$1
$1
$2
$2
$3
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Combined Sales Tax Revenue
(in millions)
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142
City of La Quinta
Top 25 Measure G Sales Tax Producers (Table 9)
Current Year and Nine Years Ago
(in dollars)
Amazon Fulfillment Services General Merchandise
Amazon MFA General Merchandise
Best Buy Electronics/Appliance Stores
Circle K Service Stations
Costco Discount Dept. Stores
Dept. of Motor Vehicles Allocation Used Automotive Dealers Desert European Motor Cars New Motor Vehicle Dealers
Ferrari of San Francisco New Motor Vehicle Dealers
Floor & Décor Building Materials
G & M Oil Service Stations
Home Depot Building Materials
Kohl's Department Stores
La Quinta Resort & Club Hotels/Motels
Lowe's Building Materials
Marshalls Family Apparel
Mathis Brothers Furniture Home Furnishings
PGA West Private Clubhouse Leisure/Entertainment
Ross Family Apparel
Target Discount Dept Stores
Tesla Motors New Motor Vehicle Dealers
TJ Maxx Family Apparel
Tower Mart Service Stations
Verizon Wireless Electronics/Appliance Stores
Vons Grocery Stores
Walmart Supercenter Discount Dept. Stores

44.41%
Fiscal Year 2022-23 Fiscal Year 2013-14
Business Name (1) Business Category Business Name Business Category Percent of Fiscal Year Total Paid by Top 25 Accounts:

Measure G was passed in November 2016 and implemented on April 1, 2017. Ten-year is data not available.

Notes:
(1) Firms are listed alphabetically. State law does not allow for the disclosure of the sales tax revenue amounts by account.

Source: HdL, Coren & Cone
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143
City of La Quinta
Taxable Sales by Category (1) (Table 10)
Last Ten Calendar Years
(in thousands)
2013 2014 2015 2016 2017
$ 25,741 $ 25,461 $ 25,115 $ 26,280 $ 31,822
223,324 216,871 208,189 206,808 222,767
26,394 25,748 22,845 25,359 25,964
97,662 101,647 106,216 115,974 117,064
68,606 73,087 75,658 78,299 83,383
72,839 84,826 87,440 83,010 81,264
52,093 47,541 40,777 34,566 37,558
100,811 101,721 105,284 107,648 104,834
142,049 150,746 155,173 172,135 180,360
Total 809,519 827,648 826,697 850,079 885,016
Auto dealers and supplies
Service stations
Other retail stores
All other outlets
Calendar Year
Building materials
Eating and drinking places
Apparel stores
General merchandise
Food stores
Notes:
(1) Due to confidentiality issues preventing the disclosure of the largest sales tax payers by business name, this categorical list has been provided as an alternative source of information regarding the City of La Quinta's sales tax revenue.

Source: HdL. Coren & Cone
Apparel stores
3%
General merchandise
28%
Food stores
3%
Eating and drinking places
12%
Building materials
9%
Auto dealers and supplies
9%
Service stations
6%
Other retail stores
12%
All other outlets
18%
Taxable Sales
Calendar Year 2012
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144
City of La Quinta
Taxable Sales by Category (Table 10)
Last Ten Calendar Years
(in dollars)
2018 2019 2020 2021 2022
$ 34,508 $ 33,937 $ 24,929 $ 38,612 $ 39,992 Apparel stores 232,147 235,969 235,841 274,045 300,399 General merchandise 26,126 26,191 30,610 30,350 32,324 Food stores
122,255 132,184 100,187 149,526 169,175 Eating and drinking places 86,569 89,036 111,231 128,048 135,282 Building materials 82,702 85,401 78,189 105,011 100,165 Auto dealers and supplies 42,164 42,998 33,742 46,985 56,830 Service stations
114,980 111,239 101,620 140,854 139,870 Other retail stores 210,360 220,260 222,916 260,247 298,944 All other outlets 951,811 977,215 939,265 1,173,678 1,272,981 Total
Calendar Year
Apparel stores
3%
General merchandise
24%
Food stores
3%
Eating and drinking
places
13%
Building materials
11%
Auto dealers and
supplies
8%
Service stations
4%
Other retail stores
11%
All other outlets
23%
Taxable Sales
Calendar Year 2021
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145
City of La Quinta
Assessed Value of Taxable Property (Table 11)
Last Ten Fiscal Years
(in dollars)
Fiscal Year Ended
June 30, Residential Commercial Agriculture(4) Other (1) Unsecured
Property (2)
Home Owner
Exemption(5)
Taxable Assessed
Value
Direct Rate (3)
2014 8,959,562,854 743,340,208 20,374,889 945,004,639 108,387,013 (167,489,253) 10,776,669,603 1.0000 2015 10,116,938,804 1,061,204,501 65,769,114 77,926,274 106,672,900 (49,232,400) 11,379,279,193 1.0000 2016 10,634,834,332 1,088,406,355 64,533,443 79,120,572 113,142,376 (49,130,200) 11,930,906,878 1.0000 2017 11,071,273,174 1,195,736,674 57,463,638 71,281,946 110,768,767 (49,088,200) 12,457,435,999 1.0000 2018 11,462,635,317 1,227,709,957 59,538,912 61,350,883 105,984,928 (49,700,000) 12,867,519,997 1.0000 2019 11,869,224,686 1,288,839,436 61,861,498 85,526,307 95,584,154 (49,298,200) 13,351,737,881 1.0000 2020 12,394,924,833 1,292,239,063 91,242,090 139,850,650 110,001,629 (47,938,800) 13,980,319,465 1.0000 2021 12,962,202,378 755,379,455 62,798,676 537,520,834 89,135,215 (47,271,000) 14,359,765,558 1.0000 2022 13,470,995,430 758,841,326 59,428,116 816,367,506 104,233,962 (46,243,400) 15,163,622,940 1.0000 2023 14,665,975,863 823,683,645 65,165,909 1,047,386,146 110,581,331 (45,703,000) 16,667,089,894 1.0000 City of La Quinta, Tax District 02-2375
Notes:
(1) Other includes dry farm, government owned, institutional, irrigated, miscellaneous, recreational, vacant, cross reference, and unknown. Starting in 2016, prior years 2007 through 2015 were adjusted to match current reporting categories for consistency. (2) Prior years 2012 through 2015 adjusted to match current reporting for consistency. (3) In 1978 the voters of the State of California passed Proposition 13 which limited property taxes to a total maximum rate of 1% based upon the assessed value of the property being taxed. Each year, the assessed value of property may be increased by an "inflation factor" (limited to a maximum increase of 2%). With few exceptions, property is only re-assessed at the time that it is sold to a new owner; at which time the new assessed value is the purchase price of the property sold. The assessed valuation data shown above represents only the data currently available with respect to the actual market value of taxable property and is subject to the limitations described above. (4) In 2016 (and going forward) data will be obtained from California Municipal and The Auditor-Controller's Office. The existing column headers were slightly modified to accommodate the property type classifications. The column labeled agriculture was formerly "industrial". (5) Prior to 2015, this column also included Exempt Property Valuations Source: : Cal Muni; County of Riverside Assessor Combined Tax Rolls Equalized Auditor and Assessor's Net; Riverside County Auditor-Controller $0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
$9,000
$10,000
$11,000
$12,000
$13,000
$14,000
$15,000
$16,000
$17,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Taxable Assessed Value
(in millions)
408 CLICK HERE to Return to Agenda
146
City of La Quinta
Direct and Overlapping Property Tax Rates (Table 12)
Last Ten Fiscal Years
(Rate per $100 of assessed value)
2014(1) 2015(1) 2016(1) 2017(1) 2018 2019 2020 2021 2022 2023 Direct Rates:

City of La Quinta 0.0760 0.0760 0.0760 0.0760 0.0760 0.0646 0.0646 0.0646 0.0646 0.0646 ERAF Share of La Quinta General Fund 0.0000 0.0000 0.0000 0.0000 0.0000 0.0113 0.0113 0.0113 0.0113 0.0113 Redevelopment Agency Project Area 1 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 Redevelopment Agency Project Area 2 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 County of Riverside 0.1958 0.1958 0.1958 0.1958 0.1958 0.0978 0.0978 0.0978 0.0978 0.0978 ERAF Share of County 0.0000 0.0000 0.0000 0.0000 0.0000 0.0980 0.0980 0.0980 0.0980 0.0980 County Free Library 0.0253 0.0253 0.0253 0.0253 0.0253 0.0253 0.0253 0.0253 0.0253 0.0253 County Structure Fire Protection 0.0544 0.0544 0.0544 0.0544 0.0544 0.0544 0.0544 0.0544 0.0544 0.0544 Coachella Valley Unified School District 0.4322 0.4322 0.4322 0.4322 0.4322 0.4322 0.4322 0.4322 0.4322 0.4322 Desert Sands Unified School 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 Desert Community College District 0.0698 0.0698 0.0698 0.0698 0.0698 0.0698 0.0698 0.0698 0.0698 0.0698 Riverside County Office of Education 0.0380 0.0380 0.0380 0.0380 0.0380 0.0380 0.0380 0.0380 0.0380 0.0380 Riverside County Regional Park & Open Space 0.0039 0.0039 0.0039 0.0040 0.0040 0.0040 0.0040 0.0040 0.0040 0.0040 CV Public Cemetery 0.0031 0.0031 0.0031 0.0031 0.0031 0.0032 0.0032 0.0032 0.0032 0.0032 CV Mosquito & Vector Control 0.0127 0.0127 0.0126 0.0126 0.0126 0.0126 0.0127 0.0127 0.0127 0.0127 Desert Recreation District 0.0192 0.0192 0.0192 0.0192 0.0192 0.0192 0.0192 0.0192 0.0192 0.0192 CVWD State Water Project 0.0254 0.0254 0.0254 0.0254 0.0254 0.0254 0.0254 0.0254 0.0254 0.0254 CV Resource Conservation 0.0003 0.0003 0.0003 0.0003 0.0003 0.0003 0.0003 0.0003 0.0003 0.0003 CVWD Improvement District 1 0.0118 0.0118 0.0118 0.0118 0.0118 0.0118 0.0118 0.0118 0.0118 0.0118 CVWD Storm Water Unit 0.0321 0.0321 0.0321 0.0321 0.0321 0.0321 0.0321 0.0321 0.0321 0.0321 Total Direct Rate (3) 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 Tax Rate Area 020-005 020-005 020-005 020-160 020-160 020-160 020-160 020-160 020-160 020-160 Coachella Valley Unified School District 0.1492 0.1492 0.1322 0.1660 0.1761 0.1495 0.1488 0.1455 0.1367 0.1345 Desert Sands Unified School 0.1095 0.1098 0.1092 0.0860 0.0725 0.0742 0.0738 0.0739 0.0750 0.0750 Coachella Valley Water District 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000 0.1100 0.1100 Desert Community College District 0.0200 0.0233 0.0209 0.0204 0.0403 0.0398 0.0398 0.0395 0.0395 0.0395 Total Overlapping Rate 0.3787 0.3823 0.3622 0.3724 0.3889 0.3635 0.3624 0.3589 0.3611 0.3590 Total Direct and Overlapping Rate 1.3787 1.3823 1.3622 1.3724 1.3889 1.3635 1.3625 1.3589 1.3612 1.3590 Overlapping Rates (4) :

City Non-Project Area
Notes:
(1) Direct rate from Tax Rate Area (TRA) 020-160 and overlapping rates provided by HdL, Coren & Cone; data source Riverside County Assessor 2012/13-2021/22 Annual Tax Increment (Rate) Tables.
(2) Direct rate taken from an analysis of the TRA in the project area and does not include State ERAF deductions and overlapping rates provided by California Municipal Statistics (3) In 1978, California voters passed Proposition 13 which sets the property tax rate at a 1.00% fixed amount for direct taxes. This 1% is shared by all taxing agencies for which the subject property resides within.
(4) Overlapping rates are based upon a single tax rate area only.

Source: County of Riverside Auditor Controller's Office; HdL, Coren & Cone 409 CLICK HERE to Return to Agenda
147
City of La Quinta
Principal Property Taxpayers (Table 13)
Current Year and Nine Years Ago
(in dollars)
Rank
Taxable Assessed
Value (1)
Percent of
Total City
Taxable
Assessed
Value Rank
Taxable
Assessed Value
(1)
Percent of
Total City
Taxable
Assessed
Value
1 211,499,603 $ 1.27% - 0.00%
2 54,306,131 0.33% 0.00%
3 51,784,882 0.31% 4 44,267,502 0.41%
4 51,774,167 0.31% - 0.00%
Hawthorn Il Propco 5 47,159,732 0.28% 0.00% -
Mediterra La Quinta Owner LLC 6 37,588,387 0.23% 0.00%
CM Wave Dev 7 36,155,993 0.22% - 0.00%
Walmart Real Estate Business Trust 8 32,998,572 0.20% 8 28,905,663 0.27% 9 32,580,882 0.20% - 0.00%
10 28,217,348 0.17% 9 24,316,859 0.23%
- 1 - 187,262,071 1.74%
TD Desert Development LP - 2 - 66,184,018 0.61%
East Of Madison - 3 52,669,611 0.49%
Coral Option I - 5 - 43,458,609 0.40%
Lennar Homes of California - 6 - 30,530,804 0.28%
Town and Country Partners - 7 30,170,000 0.28%
Costco Wholesale Corp - 10 22,877,221 0.21%
Total $ 584,065,697 3.50% 530,642,358 4.92%
HJ CG Partners
SilverRock Phase I LLC
LQR Golf LLC
Taxpayer
Aventine Dev
Fiscal Year 2013-14
Inland American La Quinta Pavilion
Fiscal Year 2022-23
HP LQ Investment LP
The Hideaway Club
(1) Taxable valuations include secured and unsecured
Source:

HdL, Coren & Cone; Riverside County Assessor 2013/14 and 2022/23 Combined Tax Rolls and the SBE Non-Unitary Tax Roll (Preliminary) HP LQ Investment LP
The Hideaway Club
Inland American La
Quinta Pavilion
HJ CG Partners
Hawthorn Il Propco
Mediterra La Quinta
Owner LLC
CM Wave Dev
Walmart Real Estate
Business Trust
SilverRock Phase I LLC
Principal Property Tax Payers
FY 2022-23
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148
City of La Quinta
Property Tax Levies and Collections (Table 14)
Last Ten Fiscal Years
(in dollars)
Fiscal Year Ended
June 30
Taxes Levied
for the Fiscal
Year (1) Amount Percent of Levy
Collections in
Subsequent
Years (2) Amount (3)
Percent of
Levy
2014 5,814,571 5,808,387 99.89% 202,342 6,010,729 103.37% 2015 5,965,704 6,100,655 102.26% 170,306 6,270,961 105.12% 2016 6,657,414 6,420,215 96.44% 194,668 6,614,883 99.36% 2017 6,764,963 6,592,548 97.45% 137,921 6,730,469 99.49% 2018 6,868,411 6,717,291 97.80% 116,182 6,833,473 99.49% 2019 6,934,311 6,736,814 97.15% 126,876 6,863,690 98.98% 2020(4) 7,058,939 6,777,777 96.02% 156,792 6,934,570 98.24% 2021 7,139,091 6,891,637 96.53% 106,190 6,997,827 98.02% 2022 7,291,506 7,140,010 97.92% 163,569 7,303,579 100.17% 2023 7,925,552 7,845,743 98.99% 118,092 7,963,835 100.48% Total Collections to Date
Collections within the Fiscal Year
of Levy
Notes:
(1) Taxes Levied. The total tax levy is based on the Statement of Original Charge from the Riverside County Auditor-Controller Office. The amount presented include City property taxes for tax districts 02-2374 and 02-2375 and are not inclusive of the redevelopment increment values. (2) Collections in Subsequent Years. The City participates in the Riverside County Teeter program; the secured taxes are remitted in a series of advances and settlement payments, the last of which is not received by the City until October of the subsequent year. (3) Collections to Date. The total amount does not include any apportionment adjustments that are the result of successful appeals of a taxpayer assessed valuation, escaped bills, refunds, or any other adjustments made by the County Auditor-Controller. As such, the percentage of the levy collected may be higher or lower than expected.

Additionally, the increment values of the former Redevelopment Agency are allocated through a waterfall distribution process in accordance with California Health and Safety Code 34183 and 34188, and are not reflected on the Statement of Original Charge. (4)The statement of original charge that was posted on the the Auditor-Conroller (ACO) website had not been updated at time of publishing the 19/20 CAFR. The number reported in the 'taxes levied' column has now been adjusted to accurately reflect the ACO number, which subsequently changed the percent collected as well.

Source: County of Riverside Auditor Controller's Office $0
$1
$2
$3
$4
$5
$6
$7
$8
2014 2015 2016 2017 2018 2019 2020(4) 2021 2022 2023
Property Tax Collections
(in millions)
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149
City of La Quinta
Ratios of Outstanding Debt by Type (Table 15)
Last Ten Fiscal Years
(in dollars)
2014 2015 2016 2017 2018
$ 129,063 $ 103,869 $ 155,395 $ 530,163 $ 667,035
Financed Purchases - - - - -
686,345 668,933 649,698 628,448 -
1,405,755 1,367,344 1,325,596 1,280,221 -
Notes Payable- Eisenhower Drive Property - - 2,250,000 - 1,125,000 - - - - -
2,930,000 2,405,000 1,850,000 1,265,000 650,000
Total Governmental 5,151,163 4,545,146 3,980,689 5,953,832 2,442,035 Leases(1) - - - - -
Total Business-Type Activities - - - - -
Total Primary Government 5,151,163 4,545,146 3,980,689 5,953,832 2,442,035 Population - State Department of Finance January 1 39,032 39,694 39,977 40,677 41,204 Number of Households 23,871 24,150 24,432 24,544 24,643 Median Household Income 109,365 97,526 99,157 104,749 107,447 Percentage of Personal Income 0.20% 0.19% 0.16% 0.23% 0.09% Debt Per Capita 132 115 100 146 59
Business-type Activities:

Subscription IT Liabilities
USDA Loan
Provident Savings Loan
Governmental Activities:

Leases
City Hall Lease Revenue Bonds
Fiscal Year Ended
Notes:
(1) Details regarding the City's outstanding debt can be found in the notes to the financial statements.

Leases for business-type activities were added in FY 2022 as a result of GASB 87.

Subscription IT Liabilities for governmental activities were added in FY 2023 as a result of GASB 96. (2) Taxonomy changed from capital lease to leases.

Source: City of La Quinta; HDL, Coren & Cone
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150
City of La Quinta
Ratios of Outstanding Debt by Type (Table 15)
Last Ten Fiscal Years
(in dollars)
2019 2020 2021 2022 2023
Governmental Activities:
$ 757,971 $ 761,790 $ 418,050 $ 162,648 $ Leases 53,111 (2) - - 41,225 22,079 Financed Purchases 551
- - - - - USDA Loan
- - - - - Provident Savings Loan
- - - - - Notes Payable- Eisenhower Drive Property
- - - - Subscription IT Liabilities 495,674 (1)
- - - - City Hall Lease Revenue Bonds -
757,971 761,790 459,275 184,727 Total Governmental 549,336 Business-type Activities:
- - - 565,837 Leases 315,520 (1)
- - - 565,837 Total Business-Type Activities 315,520
757,971 761,790 459,275 750,564 864,856 Total Primary Government 40,389 40,660 41,247 37,860 Population - State Department of Finance January 1 37,979 24,764 24,957 25,177 23,796 Number of Households 24,233 117,802 120,097 121,816 119,479 Median Household Income 130,398

0.03% 0.00% 0.01% 0.03% 0.03% Percentage of Personal Income 19 - 11 20 Debt Per Capita 23
Fiscal Year Ended
‐
20 40
60 80
100
120
140
160
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
132
115
100
146
59 19
‐
11 20 23
Debt Per Capita
413 CLICK HERE to Return to Agenda
151
City of La Quinta
Ratio of General Bonded Debt Outstanding (Table 16)
Last Ten Fiscal Years
(in dollars)
Fiscal Year
Ended June
30,
City Hall
Lease
Obligation
Local Agency
Bonds
Tax Allocation
Bonds Total
Percent of
Assessed
Value (2)
Per Median
Household
Income
2014 2,930,000 - 2,930,000 - 0.03% 27
2015 2,405,000 - 2,405,000 - 0.02% 20
2016 1,850,000 - 1,850,000 - 0.02% 45
2017 1,265,000 - 1,265,000 - 0.01% 31
2018 650,000 - 650,000 - 0.01% 6
2019 - - - - 0.00% -
2020 - - - - 0.00% -
2021 - - - - 0.00% -
2022 - - - - 0.00% -
2023 - - - - 0.00% -
Outstanding General Bonded Debt (1)
Notes:
(1) General bonded debt is debt payable with governmental fund resources and general obligation bonds recorded in enterprise funds (of which the City has none)
(2) Assessed value has been used because the actual value of taxable property is not readily available in the State of California.

Source: City of La Quinta

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

0.03% 0.02% 0.02% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% General Bonded Debt as a Percent of Assessed Value
414 CLICK HERE to Return to Agenda
152
City of La Quinta
Direct and Overlapping Debt (Table 17)
June 30, 2023
(in dollars)
Total Assessed Valuation (1) $ 16,712,792,894
Overlapping Debt (3)

16.51% $ 486,615,000 $ 80,354,735

50.87% 217,263,949 110,526,516

20.32% 365,405,000 74,253,950

88.91% 445,000 395,658

86.46% 665,000 574,926
266,105,785

4.62% $ 686,776,829 $ 31,694,751

4.62% 748,540,000 34,545,121

50.87% 37,188,380 18,918,473

20.32% 13,785,000 2,801,250
Desert Recreation District General Fund Obligations 26.86% 1,389,522 373,281 Total Overlapping General Fund Debt 88,332,876
Overlapping Tax Increment Debt
Successor Agencies 12.99% - 100% 459,067,321 282,940,743 Total Overlapping Tax Increment Debt
Total Gross Overlapping Debt 637,379,404
Less: Riverside County Supported Obligations -
Total Net Overlapping Debt 637,379,404
$ 549,336 549,336
549,336
$ 637,928,740
DSUSD Community Facilities District No. 1
Total Net Combined Direct and Overlapping Debt
Coachella Valley Water District Assessment District 68
City of La Quinta General Fund Obligations
Desert Sands Unified School District COP
Estimated Share of
Overlapping Debt
Outstanding Debt
6/30/23
Percentage
Applicable (2)
Overlapping Tax and Assessment Debt
Desert Community College District
Coachella Valley Unified School District
Desert Sands Unified School District (DSUSD)
Total Overlapping Tax and Assessment Debt
Overlapping General Fund Debt
Riverside County General Fund Obligations
Riverside County Pension Obligations
Coachella Valley Unified School District Certificates of Participation (COP) Direct General Fund Debt
Total Direct General Fund Debt
Notes:
(1) Total assessed valuation is from the Equalized Assessor report which includes homeowner exemptions. (2) For debt repaid with property taxes, the percentage of overlapping debt applicable is estimated using taxable assessed property values. Applicable percentages were estimated by determining the portion of the overlapping district's taxable assessed value that is within the city's boundaries divided by the district's total taxable assessed value. (3) Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City. This schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and businesses of the City. This process recognizes that, when considering the City's ability to issue and repay long-term debt, the entire debt burden borne by the residents and businesses should be taken into account. However, this does not imply that every taxpayer is a resident, and therefore responsible for repaying the debt of each overlapping government. 415 CLICK HERE to Return to Agenda
153
City of La Quinta
Legal Debt Margin Information (Table 18)
Last Ten Fiscal Years
(in dollars)
2014 2015 2016 2017 2018
Assessed valuation (1) $ 10,726,752,603 $ 11,369,346,292 $ 11,930,906,878 $ 12,457,435,999 $ 12,867,519,997 Conversion Percentage 25% 25% 25% 25% 25%
Adjusted assessed valuation(2) 2,681,688,151 2,842,336,573 2,982,726,720 3,114,359,000 3,216,879,999 Debt limit percentage (2) 15% 15% 15% 15% 15%
Debt limit 402,253,223 426,350,486 447,409,008 467,153,850 482,532,000 - - - - -
Legal debt margin $ 402,253,223 $ 426,350,486 $ 447,409,008 $ 467,153,850 $ 482,532,000

0.0% 0.0% 0.0% 0.0% 0.0%
Fiscal Year
Total debt applicable to the limit
as a percentage of debt limit
General obligation bonds (3)
Total net debt applicable to limit
Notes:
(1) Assessed Valuation is from the Equalized Auditor's Net report which excludes the homeowner exemptions (2) Section 43605 of the Government Code of the State of California limits the amount of indebtedness for public improvements to 15% of the gross assessed valuation or property. However, this provision was enacted when assessed valuation was based on 25% of market value.

Effective with the 1981-82 fiscal year, each parcel is now assessed at 100% of market value (as of the most recent change in ownership for that parcel). The computations shown above reflect a conversion of assessed valuation data for each fiscal year from the current full valuation perspective to the 25% level that was in effect at the time that the legal debt margin was enacted by the State. This is the equivalent of 3.75% of the full assessed value.
(3) The City of La Quinta has no general bonded indebtedness. 416 CLICK HERE to Return to Agenda
154
City of La Quinta
Legal Debt Margin Information (Table 18)
Last Ten Fiscal Years
(in dollars)
2019 2020 2021 2022 2023
$ 13,351,737,881 $ 13,980,319,465 $ 14,359,765,558 $ 15,163,622,940 $ 16,667,089,894 Assessed valuation (1) 25% 25% 25% 25% 25%
3,337,934,470 3,495,079,866 3,589,941,390 3,790,905,735 4,166,772,474 15% 15% 15% 15% 15% Debt limit percentage (2)
500,690,171 524,261,980 538,491,208 568,635,860 625,015,871 Debt limit Total net debt applicable to limit
- - - - - General obligation bonds (3)
$ 500,690,171 $ 524,261,980 $ 538,491,208 $ 568,635,860 $ 625,015,871 Legal debt margin

0.0% 0.0% 0.0% 0.0% 0.0%
Fiscal Year
Total debt applicable to the limit
as a percentage of debt limit
417 CLICK HERE to Return to Agenda
155
City of La Quinta
Pledged‐Revenue Coverage(1) (Table 19)
Last Ten Fiscal Years
(in dollars)
Principal Interest
2014 671,351 - 671,351 495,000 176,351 1.00
2015 673,046 - 673,046 525,000 148,046 1.00
2016 673,075 - 673,075 555,000 118,076 1.00
2017 671,441 - 671,441 585,000 86,441 1.00
2018 668,141 - 668,141 615,000 53,141 1.00
2019 668,038 - 668,038 650,000 18,038 1.00
2020 - - - - - -
2021 - - - - - -
2022 - - - - - -
2023 - - - - - -
.

Coverage
Ratio (3)
Local Agency Revenue Bonds (City Hall Project)
Lease
Revenue (2)
Debt Service
Less Other
Debt
Payments
Net Lease
Revenue
Fiscal Year
Ended June 30,
Notes:
(1) Details regarding the city's outstanding debt can be found in the notes to the financial statements. The City of La Quinta has no general bonded indebtedness.
(2) Lease revenue consist of payments from the City General Fund and Civic Center Development Impact Fee Fund. (3) Coverage ratio is a measure of the City's ability to meet its obligation. A ratio of greater than or equal to one indicates that sufficient revenue has been generated to satisfy the debt service requirements. The ratio is calculated as total available revenue (net lease revenue) divided by total debt service requirements (principal and interest) .

Source: City of La Quinta
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156
City of La Quinta
Demographic and Economic Statistics (Table 20)
Last Ten Calendar Years
Sources 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (3) 35.16 35.71 35.71 35.71 35.71 35.71 35.71 35.71 35.71 35.71 (1)(3) 38,689 39,240 39,769 40,065 40,217 40,389 40,660 41,247 37,860 37,979 (4) $109,365 $97,526 $99,157 $104,749 $107,447 $117,802 $120,097 $121,816 $119,479 $130,398 (1) 23,871 24,150 24,432 24,544 24,643 24,764 24,957 25,177 23,796 24,233 (1) 2.59 2.60 2.62 2.64 2.63 2.68 2.60 2.60 2.60 2.34
(3) $42,226 $37,510 $37,846 $39,288 $39,999 $42,931 $46,248 $47,986 $52,632 $53,899 (2) 16,983 17,483 18,033 18,617 18,917 19,142 19,267 19,083 19,850 19,942 (2) 16,000 16,675 17,175 17,533 18,000 18,308 17,800 17,483 18,892 19,175 (2) 5.79% 4.62% 4.76% 5.82% 4.85% 4.36% 7.61% 8.44% 4.83% 3.85% Median age (3) 44.8 45.1 45.3 45.7 46 46.4 47.1 47.9 48.6 49.6 Calendar Year
Mean Household Income (in dollars)
Number of Dwelling Units
Persons per Household
Labor Force
Per Capita Income
Employment
City Land (Sq Miles)
Population
Unemployment Rate
Sources:
(1) State of California Department of Finance; State of California, Department of Finance, E-5 Population and Housing Estimates for Cities, Counties and the State, Sacramento, California, released May 2022. The estimates incorporate 2020 Census counts. (2) State of California Employment Development Department Website. Previous years' data updated in 2018/19 to utilize 12-month average and final numbers. Rise in average unemployment rate for 2019/20 was due to double digit unemployment at end of fiscal year due to the Coronavirus pandemic. (3) HdL, Coren & Cone
(4) Mean Household Income from US Census Bureau report Table S1901. Previously, calculated using "Persons per Household" mulitplied by "Per Capita Income". Starting in 2017, data is from the US Census Bureau American Fact Finder.
23,871
24,150
24,432
24,544
24,643
24,764
24,957
25,177
23,796
24,233
17,000
19,500
22,000
24,500
27,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Number of Dwelling Units

0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% 2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
Unemployment Rate
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Mean Household Income

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Per Capita Income and Unemployment
Per Capita Income Unemployment Rate
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157
City of La Quinta
Principal Employers (Table 21)
Current Year and Nine Years Ago
Activity
Number of
Employees
Percent of
Total
Employment Rank
Number of
Employees
Percent of
Total
Employment
Government 1 1000-4999 5.01-25.07% 3 1,180 7.92%
Golf Resort 1 1000-4999 5.01-25.07% 2 1,198 8.04%
Golf Resort 3 500-999 2.51-5.01% 1 1,250 8.39%
Retailer 2 250-499 1.25-2.50% 5 246 1.65%
Retailer 2 250-499 1.25-2.50% 4 352 2.36%
Healthcare 3 100-249 0.50-1.25%
Golf Resort 3 100-249 0.50-1.25%
Retailer 3 100-249 0.50-1.25% 7 168 1.13%
Real Estate 3 100-249 0.50-1.25%
Retailer 3 100-249 0.50-1.25%
Retailer 3 100-249 0.50-1.25% 8 153 1.03%
Golf Resort 3 100-249 0.50-1.25%
Golf Resort 3 100-249 0.50-1.25%
Golf Resort 3 100-249 0.50-1.25% 6 175 1.17%
Retailer 3 100-249 0.50-1.25% 10 114 0.77%
Retailer 3 100-249 0.50-1.25%
Golf Resort 3 100-249 0.50-1.25%
Total employment listed 4,200-14,983 21.06-75.13% 5,077 34.07% Total City Employment - July 1 19,942 14,900
(1)Desert Sands Unified School District
Costco
(2)PGA West and Citrus Club
Fiscal Year 2013-14
Quarry at La Quinta
Rancho La Quinta
Stater Bros
Target
Traditions Properties
Employer
Fiscal Year 2022-23
La Quinta Resort
Madison Club
Eisenhower George & Julia Argyros Center
Wal-Mart Super Center
Hideaway Club
Lowe's
Home Depot
Homesmart Professionals
Kohl's
Notes:

For fiscal year 2022-23, the City has changed the formatting of employment reporting to reflect a category 'range' that businesses fall into, rather than an exact number. It was becoming increasingly difficult to obtain employment numbers from some local establishments as this is considered proprietary information.

Additionally, this data format matches what is reported by the EDD and sourced from Data Axle. Reporting in this manner reflects the true seasonality of many of the jobs in our community, as employment at many of these firms is likely highest in the winter months when the population is at its peak. (1)Desert Sands Unified employs approximately 4,000 people district-wide, of which the following locations are located in La Quinta: the District Administrative Offices, La Quinta High School, La Quinta Middle School, Benjamin Franklin Elementary, and Truman Elementary (2) PGA West and Citrus Club are accounted for as one entity and as such, their employment numbers are reported together; the combined entities account for 9 golf courses, 5 clubhouses, 2 private clubs, and multiple restaurants.

Source: Data Axle, LinkedIn, company websites, California EDD 420 CLICK HERE to Return to Agenda
158
City of La Quinta
Full‐time City Employees by Function (Table 22)
Last Ten Fiscal Years
2014(1) 2015 2016(2) 2017 2018 2019 2020 2021(3) 2022 2023

7.00 8.00 4.00 4.00 5.00 7.00 8.00 8.00 8.00 8.00

4.00 4.00 3.00 3.00 5.00 5.00 4.00 4.00 4.00 6.00

7.00 8.00 7.00 7.00 8.00 8.00 8.00 9.00 9.00 9.00

12.00 11.65 - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -

19.00 20.00 - - - - - - - -

20.00 21.35 - - - - - 27.00 27.00 27.00
- - 18.00 18.00 18.00 18.00 23.00 19.00 20.00 21.00
- - 27.00 27.00 29.00 32.00 33.00 18.00 18.00 20.00
- - 19.00 19.00 19.00 19.00 19.00 - - -
Total 70.00 72.00 78.00 78.00 84.00 89.00 95.00 85.00 86.00 91.00 Fiscal Year
Facilities (c)
Finance
Community Services
Design and Development (b)
Community Resources (a)
Planning and Development
Community Development
Public Works
Administration-City Mgr. Office
City Clerk
Function
Building and Safety
Notes:

The City of La Quinta contracts with the County of Riverside for Police Services and with the California Department of Forestry through a contract with the County of Riverside for Fire Services. In addition, the City-owned Golf Course is operated by Landmark Golf. These positions have not been included as these positions are not City employees. (1) The City merged the Building and Safety Department with the Planning and Development Department in 2014. The resultant department was referred to as Community Development until 2016, see below.
(2) During FY 2015-16 the City was subject to a major reorganization in an attempt to improve efficiency and controls that effectively terminated the Community Services, Community Development, and Public Works departments. Following is a brief description of the reorganization for each department:
a) The Community Resources department has taken over specific roles of the prior Community Development and Community Services departments including, but not limited to human resources, police, fire, library, museum, recreation, marketing, code compliance, animal control, and emergency services. b) The Design and Development department has taken over specific roles of the prior Community Development, Public Works, and Finance departments including, but not limited to customer service, business and animal licensing, planning, building, engineering services, and development services. c) The Facilities department has taken over specific roles of the prior Community Services and Public Works departments including, but not limited to , parks, streets, buildings, lighting and landscaping.
(3) During the FY 2020-21 the City created the Public Works Division, consisting of the Facilities Division as well as Public Works, Engineering, and Capital Improvement (which were moved out of Design & Development). In addition, there were impacts due to the novel Coronavirus pandemic that led to a reduction in workforce.

Source: City of La Quinta
‐

10.00 20.00

30.00 40.00

50.00 60.00

70.00 80.00

90.00 100.00
2014(1) 2015 2016(2) 2017 2018 2019 2020 2021(3) 2022 2023

70.00 72.00

78.00 78.00

84.00 89.00

95.00 85.00 86.00

91.00 Total Full‐Time City Employees
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159
City of La Quinta
Operating Indicators by Function (Table 23)
Last Ten Fiscal Years
2014 2015 2016 2017 2018 2019 2020(3) 2021(3) 2022 2023 Finance:

Number of Animal Licenses Processed (1) 1,602 1,374 - - - - - - - - Number of Accounts Payable Checks Processed 3,696 3,833 4,153 3,835 3,621 3,879 3,855 2,998 3,014 3,196 Number of investment purchases 22 21 22 20 61 56 49 32 93 98 Par value of investments $ 136,323,300 $ 128,990,447 $ 137,594,669 $ 139,613,063 $ 150,117,079 $ 163,665,838 $ 170,194,404 $ 187,171,960 $ 223,319,336 $ 248,005,525 Number of cleared checks 3,922 4,004 4,167 3,932 3,813 3,875 3,962 2,977 2,989 3,078 Number of bank wires, drafts, and EFTs(4) 58 54 41 44 64 68 57 412 504 568 City Clerk:

Contracts Processed 289 238 282 199 243 266 297 217 232 226 Documents Notarized 334 203 157 99 128 74 90 184 256 143 Documents Recorded with County 183 106 112 56 67 45 39 43 150 91 Subpoenas and Claims Processed 21 37 10 8 12 18 15 15 18 27 Records Requests Fulfilled and Recorded 601 580 518 743 572 602 633 847 1,205 1,201 Pages of Electronic Documents Archived(1) 34,671 164,847 233,182 214,384 593,991 970,894 753,291 190,113 176,426 131,141 Public Works:

Encroachment permits issued 109 127 54 123 121 140 121 138 196 163 Request for services (1) 1322 1261 3,440 3,207 2,652 2,194 1,938 2,041 1,732 2,983 Community Development:

Number of Active Business Licenses (1) 3,998 4,452 3,368 3,681 3,707 3,806 3,592 3,267 3,414 3,630 Permits:

Single family Detached 147 176 108 92 142 122 218 157 467 407 Single family Attached - 4 7.00 7.00 6 14 1 0 27 4
Residential Pool 204 255 217 170 211 243 237 337 424 369 Wall/Fence 220 328 257 209 268 223 312 244 412 504
Other 1,158 1,316 1,230 1,258 1,571 1,655 1,401 1,619 2,192 2,474 Garage Sale Permits (1) 1,255 1,290 1,109 1,024 928 959 604 351 461 343 Total Permits 2,984 3,369 2,928 2,760 3,126 3,216 2,773 2,708 3,983 4,101 Code Compliance (1):

Animal Control Incidents Handled (1) 1,645 1,085 0 - - 52 42 30 10 19 Vehicle abatements 88 85 255 212 224 184 149 79 114 108 Weed abatements 43 45 57 114 128 80 65 53 74 44
Nuisance abatements/Property Maintenance 730 557 1,037 1,180 1,122 921 821 403 952 776 All Other (2) - - 1,432 806 888 1,159 1,591 1,511 1,320 1,071 Community Services:

Library activities:

Number of Visits 71,874 73,924 182,913 190,747 152,725 132,947 84,042 25,950 65,259 80,364 Books checked out 329,154 263,047 234,340 254,323 250,636 241,450 122,084 63,198 149,001 150,286 Cards Issued 2,035 2,418 2,179 2,248 2,276 2,251 919 886 1,610 1,827 Number of School Children Visiting 1,539 1,562 2,947 4,680 4,528 3,303 3,708 10,221 2,435 5,968 Volunteer Hours 1,340 1,917 2,169 2,248 2,314 2,138 1,173 0 524 853 Senior Center/Wellness Center (1) :

Number of visits 11,500 23,871 62,820 74,141 87,294 82,477 41,934 4,725 20,065 30,007 Volunteer Hours 2,745 1,279 1,585 1,420 1,333 1,148 506 0 0 84 Recreation activities:

Participants:

Leisure Classes(5) 1,177 1,322 2,241 2,278 2,168 2,039 864 269 15,538 35,786 Special events 5,927 6,460 8,185 7,783 10,449 12,650 4,950 390 4,685 9,929 Adult Sports 5,878 5,487 7,192 6,695 6,136 5,932 3,644 0 492 1,379 Golf course:

Golf rounds played 43,610 41,904 45,104 43,085 42,590 44,949 33,407 39,073 44,329 44,438 Average Green fee $ 66.83 $ 69.65 $ 66.87 $ 66.80 $ 71.88 $ 72.02 $ 71.23 $ 79.63 $ 92.53 $ 92.39 Planning and Development:

Number of residential units approved 494 208 40 120 0 114 92 212 132 429 Commercial square footage approved 113,149 79,092 13,000.00 391,914 7,599 102,552 3,162 152,133 15,537 32,071 Fiscal Year
Notes:(1) Data on this table may vary from year to year due to restructuring, personnel, and systems changes that have taken place at the city over the past five years. Examples include animal licensing and control contracted to County of Riverside May 2015, business licenses and garage sale permits transferred to Community Development Department, tracking system for active business licenses updated, vacation rental requirements for permits changed, Codes Department began using GoEnforce tracking software, Public Works Department expanded use of GoRequest system, City Clerk's ofice completed project to archive all old documents and plans, and has now transitioned archiving documents electronically, and the Senior Center became the Wellness Center in 2015. (2) "All Other" category includes building codes, business license, commercial, hazardous conditions, health/safety, other, parking, vacation rentals, and zoning. For 2016, data was annualized using the seven months of actual "total closed incidents" provided by GoEnforce. (3) Declines in the reported numbers for the Library, Wellness Center, and any related recreational activities are due to facility closures and restrictions as a result of the novel Coronavirus pandemic. For 2021, 'School Children Visiting' the library includes virtual storytime attendance. (4)Previously reported only wires, has been updated to include all forms of electronic payment types. (5)Leisure Classes line includes X-park and Fritz Burns Pool activity participants starting in 2021-22.

Source: City of La Quinta
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160
City of La Quinta
Capital Asset Statistics by Function (Table 24)
Last Ten Fiscal Years
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Public Works:
128 128 128 128 128 128 129 129 129 129
22 34 34 36 36 36 79 81.1 81.1 82.6
277 277 281 372 372 372 372 372 372 382
54 54 54 54 54 54 50 50 50 50
3,018 3,018 3,018 5,758 5,758 5,408 4,808 4,808 4,808 4,858 13 13 13 13 13 13 13 13 13 13
Parks and Recreation:

Parks(3) 13 13 13 13 13 13 14 14 17 17
218 218 218 218 218 218 - - - -
40 40 40 40 40 40 - - - -
238 238 235 235
114 114 111 111
17 17 17 17.4 17.4
1 1 1 1 1 1 1 1 1 1
1 1 1 1 1 1 1 1 1 1
1 1 1 1 1 1 1 1 1 1
Public Safety:

Fire Stations 3 3 3 3 3 3 3 3 3 3
Golf Course:

Municipal golf courses 1 1 1 1 1 1 1 1 1 1
Undeveloped Park Acreag
Park Acreage
Traffic signals
Traffic signs
Bridges
Streetlights (2)
Hiking Trails (miles)
City-Owned Acres(3)
City-Improved Acres(3)
Fiscal Year
Bikepaths (miles) (1)
Streets (miles)
Senior/Wellness Center
Museum
Library
Notes:
(1) Bike path miles were updated to include both Class I (off-street) and Class II (on-street, painted bike lanes) bicycle paths in 2015; the City has been adding Class II through various projects and the 2020 number has been updated accordingly. (2) In fiscal year ending 2009 street lights at intersections were included for the first time. Additionally, the decorative streetlights in Old Town were added for the first time in 2017.
(3)In fiscal year 2019-20, the City added one public park, the SilverRock Event Site. In 2020, the City aligned reporting with the Developmental Impact Fee Study from August 2019 which identifies parks as 'City-Owned' and 'City-Improved' by acreage in Table 3.1. In 2021-22, the City added one public park, the X-park.

Additionally, the park count now includes two sports fields owned by Desert Sands Unified School District but maintained by the City. These parks were already included in the "city-improved acres" line.
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161
City of La Quinta
Schedule of Insurance in Force (Table 25)
June 30, 2023
Company Name Policy Number Coverage Limits Term Premium National Union Fire Insurance 01-309-02-02 Crime, Forgery, Fraud $1 Million 07/01/22 to 07/01/23 $1,800 Alliant Insurance Services, Inc
California Self-Insured All Risk Property Insurance $25 Million 07/01/22 - 07/01/23 $224,780 Joint Powers Pool Including Auto Physical Damage, Single Limit per Occurrence Insurance Authority Terrorism, Boiler & Machinery subject to other sublimits Earthquake
Real & Personal Property
Including Contingent Tax Interruption
California Self-Insured Comprehensive General $50 Million 07/01/22 - 07/01/23 $399,391 Joint Powers Pool and Automobile Liability Single Limit per Occurrence Insurance Authority
California Self-Insured Workers' Compensation $10 Million 07/01/22 - 07/01/23 $216,066 Joint Powers Pool Per Occurrence
Insurance Authority
Source: City of La Quinta
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Other Information
June 30, 2023
City of La Quinta, California
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162
City of La Quinta, California
Project Status
Year Ended June 30, 2023
Project Status: Highway 111 Bridge Funding
In November 2020, Caltrans advised the City that the Highway Bridge Planning (HBP) Funding Program had been oversubscribed for fiscal years 2020/21 and 2021/22 and there is no additional programming capacity for projects already in construction or ready to advertise.

At the direction of the City Council, in June 2021, the City agreed to provide “at risk” advance funding using the Advance Construction Procedure outlined in Section 3.7 of the Caltrans Local Procedures Manual, and Caltrans approved the City’s request.

The environmental, engineering/design and right‐of‐way phases are complete and are fully funded. The construction phase which includes construction, construction engineering, and contingency is estimated at $20,869,098. The HBP Funding will ultimately contribute 88.53% or up to $14,936,122 toward eligible (Construction Phase) costs. This is the amount the City is required to advance. Staff and the Financial Advisory Commission (FAC) recommend using a combination of unassigned reserves and Measure G reserves for this advance funding due to their current balances. The City anticipates these funds to be reimbursed within two to five fiscal years.

In fiscal year 2022/2023, the advanced funding was approved for federal reimbursement, and the City will no longer need to subsidize the funds as originally anticipated, Funds allocated from Measure G Reserves and Unassigned Reserves have been removed from the project allocation. 426 CLICK HERE to Return to Agenda
City of La Quinta
CITY COUNCIL MEETING: August 6, 2024

STAFF REPORT
AGENDA TITLE: ADOPT RESOLUTION TO APPROVE PLACEMENT OF PUBLIC NUISANCE ABATEMENT ASSESSMENTS ON THE FISCAL YEAR 2024/25 PROPERTY

TAX ROLL

RECOMMENDATION
Adopt a resolution approving placement of public nuisance abatement assessments on the fiscal year 2024/25 Property Tax Roll.

EXECUTIVE SUMMARY
 Code Compliance must abate properties that are considered a public nuisance after the property owner fails to voluntarily clean their property.  The City may recover costs associated with the abatement. If the property owner fails to reimburse the City, a tax assessment may be placed on the property.  Council must hold a public hearing and provide opportunity for public comment in support or opposition prior to assessing properties.

FISCAL IMPACT
The City may recover $8,803.75 in abatement expenses; funds received will be deposited into the General Fund, Account No. 101-0000-42701 Lot Abatement.

BACKGROUND/ANALYSIS
La Quinta Code Compliance Division is responsible for monitoring the condition of properties within the City. In some cases, if properties are not well maintained, they are declared a public nuisance, due to overgrown vegetation, trash, or other unsafe conditions.

The property owner is notified by a notice posted at the location and by mail. The notice allows the property owner to act and bring the property up to city standards. If the owner fails to respond and the conditions at the property don’t improve, the City may secure a contractor to abate the property. Once the abatement work is completed, the City may request reimbursement for the cost of the abatement.

If the owner does not reimburse the City within 30 days, the property is subject to a special tax assessment.

PUBLIC HEARING ITEM NO. 1
427 CLICK HERE to Return to Agenda
Listed below are three properties that were abated by the City and the costs have not been recovered. Therefore, staff requests Council’s approval to place assessments on these properties to recover the cost of abatement, plus a 25% administration fee. Riverside County will collect the assessment and reimburse the City.

Name Assessor
Parcel Number
Cost of
Abatement
Administrative
Fee Total
BARTON LAND LA QUINTA 764-240-021 $2,500.00 $625.00 $3,125.00 STAMKO DEV CO 600-340-029 $4,243.00 $1,060.75 $5,303.75 DEBRA KASPAROFF 604-251-020 $300.00 $75.00 $375.00

AGENCY AND PUBLIC REVIEW
Public Hearing Notice
A public hearing notice was advertised in The Desert Sun newspaper on July 24, 2024 (Attachment 1).

ALTERNATIVES
Council may elect not to assess these properties or reduce the assessment amount.

Prepared by: Martha Mendez, Public Safety Deputy Director Approved by: Jon McMillen, City Manager
Attachment: 1. Public Notice – Desert Sun published July 24, 2024 428 CLICK HERE to Return to Agenda
RESOLUTION NO. 2024 - XXX

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

LA QUINTA, CALIFORNIA, PLACING A SPECIAL

ASSESSMENT AND PROVIDING FOR COLLECTION ON

TAX ROLLS OF CERTAIN PROPERTIES FOR COSTS OF

ABATEMENT OF PUBLIC NUISANCE
WHEREAS, Chapter 11.72 of the La Quinta Municipal Code provides for the declaration and determination of certain conditions of property to be a public nuisance and further provides for the abatement of said nuisance by certain procedures including abatement by the City and collection of the cost of said abatement on tax rolls via a special assessment; and
WHEREAS, in accordance with said abatement procedures, the Public Safety Deputy Director of the City of La Quinta, as agent of the City Manager, has determined that a public nuisance exists on the following described premises, and has given the notice required by law, and the owner thereof has failed to appeal said determination and has failed to abate said nuisance as required in said notice; and WHEREAS, in accordance with said abatement procedure, the Public Safety Deputy Director has, by contract, provided for the abatement of said public nuisance on said properties and has filed a report thereon with the City Council; and WHEREAS, on the 6th day of August 2024, the City Council of the City of La Quinta, California, did hold a duly noticed public hearing on said report and a special assessment of said costs against said properties, and upon hearing and considering all testimony and arguments of all interested persons desiring to be heard, if any, the City Council did approve said report.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of La Quinta, California, as follows:

SECTION 1. The City Council hereby finds, determines, and declares that the City has abated a public nuisance on each of the following described premises, and on August 6th, 2024, held a duly noticed public hearing on special assessment of the costs of said abatement in the time and manner as required by law and further determines that there were no objections or protests to special assessment of said costs by any interested party.

SECTION 2. The City Council hereby finds, determines, and orders that the report of the Public Safety Deputy Director relative to special assessment of costs is hereby approved, and the City Council hereby orders that the following costs are hereby placed as a special assessment against the following properties and the amount of said special assessments shall be collected at the time and in the manner of ordinary property taxes. 429 CLICK HERE to Return to Agenda
Resolution No. 2024 – xxx
Fund Number 101-0000-42701/Nuisance Abatement
Adopted: August 6, 2024