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Directory of Officials

ED SCOTT

MAYOR PRO TEM

KARLA PEREZ

COUNCIL MEMBER
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CITY CLERK
EDWARD J. CARRILLO

CITY TREASURER

RAFAEL TRUJILLO

COUNCIL MEMBER

ANDY CARRIZALES

COUNCIL MEMBER

DEBORAH ROBERTSON
MAYOR
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24 CITY OF RIALTO

STATEMENT OF NET POSITION
Governmental Business-Type
Activities Activities Total
Assets:

Cash and investments 266,608,427$ 26,528,737 $ 293,137,164 $ Receivables:

Accounts 25,394,314 8,500,365 33,894,679
Notes and loans 4,592,834 661,857 5,254,691 Accrued interest 65,074 20,466 85,540 Leases 4,643,573 - 4,643,573 Internal balances (3,573,105) 3,573,105 - Prepaid costs 160,496 - 160,496 Deposits 4,791,464 - 4,791,464 Due from other governments 14,225,286 - 14,225,286 Inventories 124,390 - 124,390 Property held for resale 1,690,369 5,443,258 7,133,627 Concession arrangement - 5,234,507 5,234,507 Restricted assets:

Cash and investments in trust - 23,254,192 23,254,192 Cash with fiscal agent 10,561,307 - 10,561,307 Capital assets not being depreciated 118,061,464 35,396,701 153,458,165 Capital assets, net of depreciation 170,601,584 79,204,186 249,805,770 Total Assets 617,947,477 187,817,374 805,764,851 Deferred Outflows of Resources:

Pension related items 23,942,144 323,030 24,265,174 OPEB related items 14,073,713 107,532 14,181,245 Total Deferred Outflows
of Resources 38,015,857 430,562 38,446,419 Liabilities:

Accounts payable 11,004,663 3,194,195 14,198,858 Accrued liabilities 4,148,831 11,629 4,160,460 Accrued interest 73,172 - 73,172 Unearned revenue 3,900,031 8,603 3,908,634 Deposits payable 2,969,375 1,653,494 4,622,869 Due to other governments 5,277 1,150 6,427 Noncurrent liabilities:

Due within one year
Long-term Debt 564,666 3,072,581 3,637,247 Leases 58,959 - 58,959 Compensated absences 1,808,627 11,172 1,819,799 Claims and judgements 4,148,527 - 4,148,527 Due in more than one year
Long-term Debt 11,964,145 145,918,697 157,882,842 Leases 124,376 - 124,376 Compensated absences 8,239,292 50,896 8,290,188 Claims and judgements 18,898,843 - 18,898,843 Net pension liability 80,706,410 732,924 81,439,334 Net OPEB liability 23,031,390 230,581 23,261,971 Total Liabilities 171,646,584 154,885,922 326,532,506 Deferred Inflows of Resources:

Pension related items 35,950,805 289,807 36,240,612 OPEB related items 25,677,313 223,703 25,901,016 Lease related items 4,643,732 - 4,643,732 Total Deferred Inflows
of Resources 66,271,850 513,510 66,785,360 Net Position:

Net investment in capital assets 275,950,902 114,600,887 390,551,789 Restricted for:

Community development 208,981,586 - 208, 981,586 Public safety 15,396,933 - 15,396,933 Public works - 73,004 73,004 Debt service 563,339 23,254,192 23,817,531 Unrestricted (Deficit) (82,847,860) (105,079,579) (187,927,439) Total Net Position 418,044,900$ 32,848,504 $ 450,893,404 $ JUNE 30, 2022
Primary Government
See Notes to Financial Statements.
25 CITY OF RIALTO

STATEMENT OF ACTIVITIES
YEAR ENDED JUNE 30, 2022
Operating Capital
Charges for Contributions Contributions
Expenses Services and Grants and Grants
Functions/Programs
Primary Government:

Governmental Activities:

General government 38,991,453$ 1,968,967$ 29,391,121$ -$ Public safety 51,306,406 5,130,007 1,485,426 160,316 Community development 19,624,539 17,831,296 7,956,403 4,182,810 Interest on long-term debt 470,943 - - - Total Governmental Activities 110,393,341 24, 930,270 38,832,950 4,343,126 Business-Type Activities:

Water Fund 15,211,746 15,058,449 - - Wastewater Fund 27,300,987 29,889,418 - 351,970 Airport Fund 4,293 - - - Cemetery Fund 95,655 143,559 - - Total Business-Type Activities 42,612,681 45,091,426 - 351,970 Total Primary Government 153,006,022$ 70,021,696$ 38,832,950$ 4,695,096$ General Revenues:

Taxes:

Property taxes, levied for general purpose
Transient occupancy taxes
Sales taxes
Franchise taxes
Business licenses taxes
Utility users tax
Motor vehicle in lieu - unrestricted
Use of money and property
Other
RUA Lease Payment
RUA Contract Payments
Transfers
Total General Revenues and Transfers
Change in Net Position
Net Position at Beginning of Year
Net Position at End of Year
Program Revenues
See Notes to Financial Statements.
26 Primary Government
Governmental Business-Type
Activities Activities Total
(7,631,365)$ - $ ( 7,631,365)$
(44,530,657) - ( 44,530,657) 10,345,970 - 10,345,970
(470,943) - ( 470,943)
(42,286,995) - ( 42,286,995) - (153,297) ( 153,297)
- 2 ,940,401 2,940,401
- (4,293) ( 4,293)
- 47,904 47,904
- 2 ,830,715 2,830,715
(42,286,995) 2,830,715 ( 39,456,280)
36,620,082 21 36,620,103
396,488 - 396,488
56,003,289 - 56,003,289
4,725,727 - 4,725,727
3,738,370 - 3,738,370
16,589,203 - 16,589,203
118,491 - 118,491
(7,304,637) (513,736) (7, 818,373)
6,668,596 - 6,668,596
2,000,000 - 2,000,000
1,141,205 - 1,141,205
(4,957,815) 4,957,815 -
115,738,999 4,444,100 120,183,099
73,452,004 7,274,815 80,726,819
344,592,896 25,573,689 370,166,585
418,044,900$ 32,848,504 $ 450,893,404 $
Net (Expenses) Revenues and Changes in
Net Position
See Notes to Financial Statements.
27 CITY OF RIALTO

BALANCE SHEET

GOVERNMENTAL FUNDS
JUNE 30, 2022
Capital
Projects Fund
General
Assets:

Pooled cash and investments 39,710,974$ 11,834,936$ -$ 54,465,913$ Receivables:

Accounts 5,448,633 - 14,686,553 833 Notes and loans - - - - Accrued interest 65,074 - - - Leases 4,643,573 - - - Prepaid costs 60,778 - - 99,718 Deposits 4,791,464 - - - Due from other governments 11,206,829 - - - Due from other funds 16,090,214 - - - Advances to other funds 18,799,195 - - - Inventories 84,817 - - - Property held for development 719,969 - - - Restricted assets:

Cash and investments 251,221 - - 7, 089,045 Total Assets 101,872,741 $ 11,834,936 $ 14,686,553 $ 61,655,509 $ Liabilities, Deferred Inflows of Resources,
and Fund Balances (Deficit):

Liabilities:

Accounts payable 5,515,989$ -$ -$ 2, 409,887$ Accrued liabilities 2,231,927 - - 142 Deposits payable 185,181 - - - Due to other governments - - - - Advances from other funds - 17,499,195 - - Unearned revenues 2,681,842 - - - Due to other funds 4,873,105 - 14,686,553 - Total Liabilities 15,488,044 17,499,195 14,686,553 2,410,029 Deferred Inflows of Resources:

Unavailable revenues 72,781 - - 833 Related to leases 4,643,732 - - - Total Deferred Inflows of Resources 4,716,513 - - 833 Fund Balances (Deficit):

Nonspendable:

Prepaid costs 60,778 - - - Deposits 4,791,464 - - - Advances to other funds 18,799,195 - - - Inventory 84,817 - - - Property held for development 719,969 - - - Restricted for:

Community development 25,773,249 - - 59,244,647 Public safety - - - - Debt service - - - - Committed to:

Capital projects 6,477,271 - - - Unassigned (Deficit) 24,961,441 (5,664, 259) - - Total Fund Balances (Deficit) 81,668,184 (5,664, 259) - 59,244,647 Total Liabilities, Deferred Inflows of
Resources, and Fund Balances (Deficit) 101,872,741$ 11,834,936$ 14,686,553$ 61,655,509$ Special Revenue Funds
Park
Development
Fund
American
Rescue Plan
Act
Capital
Projects Fund
See Notes to Financial Statements.
28 CITY OF RIALTO

BALANCE SHEET

GOVERNMENTAL FUNDS
JUNE 30, 2022
Assets:

Pooled cash and investments
Receivables:

Accounts
Notes and loans
Accrued interest
Leases
Prepaid costs
Deposits
Due from other governments
Due from other funds
Advances to other funds
Inventories
Property held for development
Restricted assets:

Cash and investments
Total Assets
Liabilities, Deferred Inflows of Resources,
and Fund Balances (Deficit):

Liabilities:

Accounts payable
Accrued liabilities
Deposits payable
Due to other governments
Advances from other funds
Unearned revenues
Due to other funds
Total Liabilities
Deferred Inflows of Resources:

Unavailable revenues
Related to leases
Total Deferred Inflows of Resources
Fund Balances (Deficit):

Nonspendable:

Prepaid costs
Deposits
Advances to other funds
Inventory
Property held for development
Restricted for:

Community development
Public safety
Debt service
Committed to:

Capital projects
Unassigned (Deficit)
Total Fund Balances (Deficit)
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances (Deficit)
Other Total
Governmental Governmental
Funds Funds
134,355,159$ 240,366,982$
5,155,185 25,291,204
4,592,834 4, 592,834
- 65,074
- 4, 643,573
- 160,496
- 4, 791,464
3,018,457 14,225,286
- 16,090,214
- 18,799,195
- 84,817
970,400 1, 690,369
3,221,041 10,561,307
151,313,076$ 341,362,815$
2,228,101$ 10,153,977 $
1,833,483 4, 065,552
2,784,194 2, 969,375
5,277 5,277
- 17,499,195
1,218,189 3, 900,031
1,271,896 20,831,554
9,341,140 59,424,961
3,168,107 3, 241,721
- 4, 643,732
3,168,107 7, 885,453
- 60,778
- 4, 791,464
- 18,799,195
- 84,817
- 719,969
123,963,690 208,981,586
15,396,933 15,396,933
563,339 563,339
- 6, 477,271
(1,120,133) 18,177,049
138,803,829 274,052,401
151,313,076$ 341,362,815$
See Notes to Financial Statements.
29 7+,63$*(,17(17,21$//</()7%/$1.
30 CITY OF RIALTO

RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS

TO THE STATEMENT OF NET POSITION
JUNE 30, 2022
Fund balances of governmental funds 274,052,401$
Amounts reported for governmental activities in the statement of net position are different because:

Capital assets net of depreciation have not been included as financial resources in governmental fund activity. 288,297,208
Long-term debt and compensated absences that have not been included in the governmental fund activity:

Financed purchases (10,738,811)$
Leases liabilities (183,335)
Notes payable (1,790,000)
Compensated absences (9,846,088) (22,558,234)
Pension and OPEB related debt applicable to the City's governmental activities are not due and payable in the current period and accordingly are not reported as fund liabilities. Deferred outflows and inflows of resources related to pension and OPEB are only repoered on the statement of net position:

Deferred Outflows of Resources - Pension related 23,535,761 Deferred Inflows of Resources - Pension related (34,759,720) Net Pension Liability (77,694,146)
Deferred Outflows of Resources - OPEB related 13,494,624 Deferred Inflows of Resources - OPEB related (24,620,727) Net OPEB Liability (22,083,717)
Accrued interest payable for the current portion of interest due on Bonds has not been reported in the governmental funds. (73,172) Revenues reported as unavailable revenue in the governmental funds and recognized in the statement of activities. These are included in the intergovernmental revenues in the governmental fund activity. 3,241,721
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 must be added to the statement of net position. (2,787,099)
Net Position of Governmental Activities 418,044,900$
See Notes to Financial Statements.
31 CITY OF RIALTO

STATEMENT OF REVENUES,

EXPENDITURES AND CHANGES IN FUND BALANCES

GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2022
Capital
Projects Fund
General
Revenues:

Taxes 111,985,260$ - $ - $ -$ Licenses and permits 5,840,694 - - - Intergovernmental 5,787,852 - 29,373,105 - Charges for services 12,250,587 772,854 - - Use of money and property (7,600,400) 17,935 - (39,141) Fines and forfeitures 938,527 - - - RUA lease payments 2,000,000 - - - Developer participation - - - - Miscellaneous 1,665,288 - - - Total Revenues (Losses) 132,867,808 790,789 29,373,105 (39,141) Expenditures:

Current:

General government 35,985,643 - - - Public safety 68,319,553 - - 347,394 Community development 15,105,609 2,921 - 13,921 Capital outlay 45,925 - - 3,938,181 Debt service:

Principal retirement 245,684 - - - Interest and fiscal charges 284,058 - - - Total Expenditures 119,986,472 2,921 - 4, 299,496 Excess (Deficiency) of Revenues
Over (Under) Expenditures 12,881,336 787,868 29,373,105 (4, 338,637) Other Financing Sources (Uses):

Transfers in 9,950,403 5,129,319 - 46,101,110 Transfers out (49,173,256) - (29,373, 105) (854,550) Proceeds from sale of capital asset 3,422,727 - - - Total Other Financing Sources (Uses) (35,800,126) 5,129,319 (29,373,105) 45,246,560 Net Change in Fund Balances (22,918,790) 5,917,187 - 40,907,923 Fund Balances (Deficit), Beginning of Year 104,586,974 (11,581, 446) - 18,336,724 Fund Balances (Deficit), End of Year 81,668,184$ (5,664,259)$ -$ 59,244,647$ Special Revenue Funds
Park
Development
Fund
American
Rescue Plan
Act
Capital
Projects Fund
See Notes to Financial Statements.
32 CITY OF RIALTO

STATEMENT OF REVENUES,

EXPENDITURES AND CHANGES IN FUND BALANCES

GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2022

Revenues:

Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
RUA lease payments
Developer participation
Miscellaneous
Total Revenues (Losses)
Expenditures:

Current:

General government
Public safety
Community development
Capital outlay
Debt service:

Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):

Transfers in
Transfers out
Proceeds from sale of capital asset
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances (Deficit), Beginning of Year
Fund Balances (Deficit), End of Year
Other Total
Governmental Governmental
Funds Funds
2,471,662$ 114,456,922$
- 5,840,694
16,140,966 51,301,923
6,938 13,030,379
276,754 (7,344,852)
- 938,527
- 2,000,000
7,256,060 7, 256,060
1,670,716 3,336,004
27,823,096 190,815,657
1,346,562 37,332,205
944,997 69,611,944
3,380,323 18,502,774
7,455,470 11,439,576
845,609 1, 091,293
197,594 481,652
14,170,555 138,459,444
13,652,541 52,356,213
690,395 61,871,227
(222,748) (79,623,659)
- 3,422,727
467,647 (14,329,705)
14,120,188 38,026,508
124,683,641 236,025,893
138,803,829$ 274,052,401 $
See Notes to Financial Statements.
33 7+,63$*(,17(17,21$//</()7%/$1.
34 CITY OF RIALTO

RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES,

AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS

TO THE STATEMENT OF ACTIVITIES
YEAR ENDED JUNE 30, 2022
Net change in fund balances - total governmental funds 38,026,508$ Amounts reported for governmental activities in the statement of activities are different because:

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

Capital outlay 10,568,213
Depreciation (9,130,035)
Loss on disposition of capital assets (963,331) 474,847 The issuance of long-term debt provides current financial resources to governmental funds, while the repayment of long-term debt is an expenditure in the governmental funds, but the repayment reduces long-term liabilities in the statement of net position.

Certificat of participation principal payments 270,000
Lease principal payments 57,004
Financed purchases principal payments 389,389
Notes principal payments 410,000 1,091,293
Accrued interest for long-term liabilities. This is the net change in accrued interest for the current period. 10,907
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. (580,440)
Pension and OPEB expenses reported in the governmental funds includes the annual required contributions. In the statement of Activities, Pension expense includes the change in Net Pension Liability and Net OPEB Liability and related changes in pension and OPEB amounts for deferred outflows of resources and deferred inflows of resources.

Pension expense 15,263,450
OPEB expense 11,055,695 26,319,145
Revenues reported as unavailable revenue in the governmental funds and recognized in the statement of activities. These are included in the intergovernmental revenues in the governmental fund activity. (2,448,695)
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. 10,558,439
Change in Net Position of Governmental Activities 73,452,004$ See Notes to Financial Statements.
35 CITY OF RIALTO

STATEMENT OF NET POSITION

PROPRIETARY FUNDS
JUNE 30, 2022
Nonmajor
Cemetery
Fund
Assets:

Current:

Cash and investments 3,817,459$ 21,239,581$ 431,302$ 1,040,395 $ Receivables:

Accounts 2,427,128 6,065,366 7,871 - Notes and loans 292,598 369,259 - - Accrued interest 20,466 - - - Due from other funds 4,873,105 - - - Inventories - - - - Land held for resale - - 5,443,258 - Restricted:

Cash and investments in trust 7,835,787 15,418,405 - - Total Current Assets 19,266,543 43,092,611 5,882,431 1,040,395 Noncurrent:

Advances to other funds - 3,000,000 - - Concession arrangement 5,234,507 - - - Capital Assets
Not being depreciated 2,079,804 33,316,897 - - Being depreciated (net of accumulated depreciation) 22,038,606 57,164,880 - 700 Total Noncurrent Assets 29,352,917 93,481,777 - 700 Total Assets 48,619,460 136,574,388 5,882,431 1,041,095 Deferred Outflows of Resources:

Pension related items 141,636 173,095 - 8,299 OPEB related items 79,655 25,258 - 2,619 Total Deferred Outflows of Resources 221,291 198,353 - 10,918 Liabilities:

Current:

Accounts payable 1,508,546 1,676,254 401 8,994 Accrued liabilities 5,116 6,108 - 405 Unearned revenues - 8,603 - - Deposits payable 1,049,603 602,891 1,000 - Due to other funds - - - - Accrued compensated absences 8,496 2,456 - 220 Accrued claims and judgments - - - - Bonds, notes, and financed purchases 887,167 2,185,414 - - Total Current Liabilities 3,459,387 4,482,417 1,401 9,619 Noncurrent:

Advances from other funds 4,300,000 - - - Accrued compensated absences 39,404 10,489 - 1,003 Accrued claims and judgments - - - - Net pension liability 188,125 526,945 - 17,854 Net OPEB liability 54,508 170,456 - 5,617 Bonds, notes, and financed purchases 31,096,273 114,822,424 - - Total Noncurrent Liabilities 35,678,310 115,530,314 - 24,474 Total Liabilities 39,137,697 120,012,731 1,401 34,093 Deferred Inflows of Resources:

Pension related items 180,958 101,789 - 7,060 OPEB related items 151,424 66,830 - 5,449 Total Deferred Inflows of Resources 332,382 168,619 - 12,509 Net Position (Deficit):

Net investment in capital assets 24,118,410 90,481,777 - 700 Restricted for capital projects 73,004 - - - Restricted for water stablization and capital projects trust 7,8 35,787 15,418,405 - - Unrestricted (Deficit) (22,656,529) (89,308,791) 5,881,030 1,004,711 Total Net Position (Deficit) 9,370,672$ 16,591,391$ 5,881,030$ 1,005,411$ Business-Type Activities - Enterprise Funds
Water Fund Wastewater Fund Airport Fund
See Notes to Financial Statements.
36 CITY OF RIALTO

STATEMENT OF NET POSITION

PROPRIETARY FUNDS
JUNE 30, 2022
Assets:

Current:

Cash and investments
Receivables:

Accounts
Notes and loans
Accrued interest
Due from other funds
Inventories
Land held for resale
Restricted:

Cash and investments in trust
Total Current Assets
Noncurrent:

Advances to other funds
Concession arrangement
Capital Assets
Not being depreciated
Being depreciated (net of accumulated depreciation)
Total Noncurrent Assets
Total Assets
Deferred Outflows of Resources:

Pension related items
OPEB related items
Total Deferred Outflows of Resources
Liabilities:

Current:

Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to other funds
Accrued compensated absences
Accrued claims and judgments
Bonds, notes, and financed purchases
Total Current Liabilities
Noncurrent:

Advances from other funds
Accrued compensated absences
Accrued claims and judgments
Net pension liability
Net OPEB liability
Bonds, notes, and financed purchases
Total Noncurrent Liabilities
Total Liabilities
Deferred Inflows of Resources:

Pension related items
OPEB related items
Total Deferred Inflows of Resources
Net Position (Deficit):

Net investment in capital assets
Restricted for capital projects
Restricted for water stablization and capital projects trust Unrestricted (Deficit)
Total Net Position (Deficit)
Enterprise Funds Governmental
Activities-
Internal
Totals Service Funds
26,528,737$ 26,241,445 $
8,500,365 103,110
661,857 -
20,466 -
4,873,105 -
- 39,573
5,443,258 -
23,254,192 -
69,281,980 26,384,128
3,000,000 -
5,234,507 -
35,396,701
79,204,186 365,840
122,835,394 365,840
192,117,374 26,749,968
323,030 406,383
107,532 441,949
430,562 848,332
3,194,195 850,686
11,629 83,279
8,603 -
1,653,494 -
- 131,765
11,172 36,331
- 4,148,527
3,072,581 964
7,952,824 5,251,552
4,300,000 -
50,896 165,500
- 18,898,843
732,924 3,012,264
230,581 947,673
145,918,697 -
151,233,098 23,024,280
159,185,922 28,275,832
289,807 1,191,085
223,703 919,403
513,510 2,110,488
114,600,887 365,840
73,004 -
23,254,192 -
(105,079,579) (3,153,860)
32,848,504$ (2,788,020) $
See Notes to Financial Statements.
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39 CITY OF RIALTO

STATEMENT OF CASH FLOWS

PROPRIETARY FUNDS
YEAR ENDED JUNE 30, 2022
Nonmajor
Cemetery
Fund
Cash Flows from Operating Activities:

Cash received from customers and users 14,829,915$ 29,686,249$ -$ 143,559$ Cash paid to suppliers for goods and services (7,936,533) (12,262,392) - (109,316) Cash paid to employees for services (4,248,099) (1,580,857) (4,479) (9,236) Cash received from (paid to) others 153,626 - - 185 Net Cash Provided (Used) by Operating Activities 2,798,909 15,843,000 (4,479) 25,192 Cash Flows from Non-Capital
Financing Activities:

Cash paid to other funds (5,094,442) (625,033) - - Contributions received - 351,970 - - Cash transferred in 4,873,105 - - 84,710 Aircraft property tax - - 21 - Net Cash Provided (Used) by
Non-Capital Financing Activities (221,337) (273,063) 21 84,710 Cash Flows from Capital
and Related Financing Activities:

Acquisition and construction of capital assets - (1, 581,039) - - Principal paid on capital debt (834,640) (2,004,959) - - Interest paid on capital debt (2,065,360) (10,677,039) - - Net Cash Used by
Capital and Related Financing Activities (2,900,000) ( 14,263,037) - - Cash Flows from Investing Activities:

Interest received (paid) (175,870) (311,713) - (27,770) Net Cash Provided (Used) by
Investing Activities (175,870) (311,713) - (27,770) Net Increase (Decrease) in Cash
and Cash Equivalents (498,298) 995,187 (4,458) 82,132 Cash and Cash Equivalents at Beginning of Year 12,151,544 35,662,799 435,760 958,263 Cash and Cash Equivalents at End of Year 11,653,246$ 36,657,986$ 431,302$ 1,040,395$ Reconciliation of Operating Income to Net Cash
Provided (Used) by Operating Activities:

Operating income (loss) 1,912,063$ 13,265,470$ (4,293)$ 47,904$ Adjustments to reconcile operating income (loss)
net cash provided (used) by operating activities:

Depreciation 959,813 2,358,840 - 382 (Increase) decrease in accounts receivable (57,213) (116,963) - 185 (Increase) decrease in inventories - - - - (Increase) decrease in due from other governments - - - - (Increase) decrease in deferred outflows of resources - pension related 7,935 4,463 - 310 (Increase) decrease in deferred outflows of resources - OPEB related (56,441) (27,671) - (2 ,022) Increase (decrease) in accounts payable 190,978 531,746 (186) (14,049) Increase (decrease) in accrued liabilities 250 2,465 - 50 Increase (decrease) in due to other governments 459 691 - - Increase (decrease) in deposits payable (17,236) (85,515) - - Increase (decrease) in claims and judgments - - - - Increase (decrease) in compensated absences (3,538) (8,733) - 216 Increase (decrease) in net pension liability (312,550) (175,809) - (13,818) Increase (decrease) in net opeb liability (148,824) (83,714) - (6,424) Increase (decrease) in deferred inflows of resources - pension related 180,958 101,789 - 7,060 Increase (decrease) in deferred inflows of resources - OPEB related 142,255 75,941 - 5,392 Total Adjustments 886,846 2,577,530 (186) (22,718) Net Cash Provided (Used) by
Operating Activities 2,798,909$ 15,843,000$ (4,479)$ 25,186$ Business-Type Activities - Enterprise Funds
Water Fund
Wastewater
Fund Airport Fund
See Notes to Financial Statements.
40 CITY OF RIALTO

STATEMENT OF CASH FLOWS

PROPRIETARY FUNDS
YEAR ENDED JUNE 30, 2022
Cash Flows from Operating Activities:

Cash received from customers and users
Cash paid to suppliers for goods and services
Cash paid to employees for services
Cash received from (paid to) others
Net Cash Provided (Used) by Operating Activities
Cash Flows from Non-Capital
Financing Activities:

Cash paid to other funds
Contributions received
Cash transferred in
Aircraft property tax
Net Cash Provided (Used) by
Non-Capital Financing Activities
Cash Flows from Capital
and Related Financing Activities:

Acquisition and construction of capital assets
Principal paid on capital debt
Interest paid on capital debt
Net Cash Used by
Capital and Related Financing Activities
Cash Flows from Investing Activities:

Interest received (paid)
Net Cash Provided (Used) by
Investing Activities
Net Increase (Decrease) in Cash
and Cash Equivalents
Cash and Cash Equivalents at Beginning of Year
Cash and Cash Equivalents at End of Year
Reconciliation of Operating Income to Net Cash
Provided (Used) by Operating Activities:

Operating income (loss)
Adjustments to reconcile operating income (loss)
net cash provided (used) by operating activities:

Depreciation
(Increase) decrease in accounts receivable
(Increase) decrease in inventories
(Increase) decrease in due from other governments
(Increase) decrease in deferred outflows of resources - pension related (Increase) decrease in deferred outflows of resources - OPEB related Increase (decrease) in accounts payable
Increase (decrease) in accrued liabilities
Increase (decrease) in due to other governments
Increase (decrease) in deposits payable
Increase (decrease) in claims and judgments
Increase (decrease) in compensated absences
Increase (decrease) in net pension liability
Increase (decrease) in net opeb liability
Increase (decrease) in deferred inflows of resources - pension related Increase (decrease) in deferred inflows of resources - OPEB related Total Adjustments
Net Cash Provided (Used) by
Operating Activities
Enterprise
Funds
Governmental
Activities-
Internal
Totals Service Funds
44,659,723$ 12,040,467 $
(20,308,241) (11,552,311)
(5,842,671) (2, 235,493)
153,811 1,528
18,662,622 (1, 745,809)
(5,719,475) -
351,970 -
4,957,815 12,792,805
21 -
(409,669) 12,792,805
(1,581,039) -
(2,839,599) ( 35,100)
(12,742,399) (112)
(17,163,037) (35,212)
(515,353) 40,257
(515,353) 40,257
574,563 11,052,041
49,208,366 15,189,404
49,782,929$ 26,241,445 $
15,221,144$ (2,276,235) $
3,319,035 112,972
(173,991) ( 97,081)
- ( 776)
- -
12,708 52,230
(86,134) ( 392,715)
708,489 92,424
2,765 37,308
1,150
(102,751) -
- 409,214
(12,055) 24,742
(502,177) (1, 191,245)
(238,962) ( 650,355)
289,807 1,191,085
223,588 942,668
3,441,472 530,471
18,662,616$ (1,745,764) $
See Notes to Financial Statements.
41 CITY OF RIALTO

STATEMENT OF FIDUCIARY NET POSITION

FIDUCIARY FUNDS
JUNE 30, 2022
Custodial
Funds
Assets:

Pooled cash and investments 5,774,017$ - $ 11,630,808$ Receivables:

Accounts 1,985 - 25,827 Notes and loans - - 6,229,153 Accrued interest - - 10,210 Leases - - 61,674 Due from other governments 160 - - Property held for resale - - 19,689,855 Restricted assets:

Cash and investments- bond proceeds - - 1,520,629 Cash and investments with fiscal agents 453,574 - 4,822,612 Cash and investments held by trust - 25,975,558 - Capital assets, not being depreciated - - 290,347 Capital assets, net of accumulated depreciation - - 62,908 Total Assets 6,229,736 25,975,558 44,344,023 Deferred Outflows of Resources:

Deferred charge on refunding - - 604,624 Total Deferred Outflows of Resources - - 604,624 Liabilities:

Accounts payable 2,875 - - Accrued liabilities - - 60,756 Accrued interest - - 2,121,135 Unearned revenues - - 255, 315 Deposits payable - - 2,761,547 Due to other governments - - 369,700 Due to City of Rialto 113,245 - 33,296 Long-term liabilities:

Due in one year - - 4,510,000 Due in more than one year - - 111,253,401 Total Liabilities 116,120 - 121,365,150 Deferred Inflows of Resources:

Gain on refunding - - 189, 494 Lease related items - - 61,568 Total Deferred Inflows of Resources - - 251,062 Net Position (Deficit):

Held in trust for other post retirement benefits - 25,975,558 - Restricted for other purposes 6,113,616 - (76,667,565) Total Net Position (Deficit) 6,113,616$ 25,975,558$ (76,667,565)$ Capital assets:

Pension (and Other
Employee Benefit)
Trust Fund
Private-Purpose
Trust Fund
Other Post-
Employment Benefit
(OPEB) Trust Fund
Successor Agency
Private-Purpose
Trust Fund
See Notes to Financial Statements.
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183

CITY OF RIALTO

COMBINING STATEMENT OF NET POSITION

INTERNAL SERVICE FUNDS
JUNE 30, 2022
Assets:

Current:

Cash and investments 12,526,877$ 1,212,153$ 2,725,446$ 7,209,890$ Receivables:

Accounts 32,055 - - 71,055 Inventories - 39,573 - - Total Current Assets 12,558,932 1,251,726 2,725,446 7,280,945 Noncurrent:

Capital Assets
Being depreciated (net of accumulated depreciation) - 58,827 307,013 - Total Noncurrent Assets - 58,827 307,013 - Total Assets 12,558,932 1,310,553 3,032,459 7,280,945 Deferred Outflows of Resources:

Pension related items 3,506 291,600 43,302 3,506 OPEB related items 5,838 89,040 177,898 5,838 Total Deferred Outflows of Resources 9,344 380,640 221,200 9,344 Liabilities:

Current:

Accounts payable 19,512 5,089 173,346 325,475 Accrued liabilities 1,313 16,255 38,183 1,313 Due to other funds - - - - Accrued compensated absences 630 7,811 6,242 630 Accrued claims and judgments 3,252,948 - - 895,579 Total Current Liabilities 3,274,403 30,119 217,771 1,222,997 Noncurrent:

Accrued compensated absences 2,868 35,582 28,434 2,868 Accrued claims and judgments 14,818,984 - - 4,079,859 Net pension liability 39,791 606,887 1,212,526 39,790 Net OPEB liability 12,518 190,930 381,467 12,518 Total Noncurrent Liabilities 14,874,161 833,399 1,622,427 4,135,035 Total Liabilities 18,148,564 863,518 1,840,198 5,358,032 Deferred Inflows of Resources:

Pension related items 15,734 239,970 479,447 15,734 OPEB related items 12,145 185,234 370,087 12,145 Total Deferred Inflows of Resources 27,879 425,204 849,534 27,879 Net Position (Deficit):

Net investment in capital assets - 58,827 307,013 - Unrestricted (Deficit) (5,608,167) 343,644 256,914 1,904,378 Total Net Position (Deficit) (5,608,167)$ 402,471$ 563,927$ 1,904,378$ Internal Service Funds
Workers'
Compensation
Fund
Fleet
Management
Fund
Management
Information
System Fund
General
Liability Fund
184

CITY OF RIALTO

COMBINING STATEMENT OF NET POSITION

INTERNAL SERVICE FUNDS
JUNE 30, 2022
Assets:

Current:

Cash and investments
Receivables:

Accounts
Inventories
Total Current Assets
Noncurrent:

Capital Assets
Being depreciated (net of accumulated depreciation)
Total Noncurrent Assets
Total Assets
Deferred Outflows of Resources:

Pension related items
OPEB related items
Total Deferred Outflows of Resources
Liabilities:

Current:

Accounts payable
Accrued liabilities
Due to other funds
Accrued compensated absences
Accrued claims and judgments
Total Current Liabilities
Noncurrent:

Accrued compensated absences
Accrued claims and judgments
Net pension liability
Net OPEB liability
Total Noncurrent Liabilities
Total Liabilities
Deferred Inflows of Resources:

Pension related items
OPEB related items
Total Deferred Inflows of Resources
Net Position (Deficit):

Net investment in capital assets
Unrestricted (Deficit)
Total Net Position (Deficit)
Totals
2,567,079$ 26,241,445 $
- 103,110
- 39,573
2,567,079 26,384,128
- 365,840
- 365,840
2,567,079 26,749,968
64,469 406,383
163,335 441,949
227,804 848,332
327,264 850,686
26,215 83,279
131,765 131,765
21,018 36,331
- 4,148,527
506,262 5,251,552
95,748 165,500
- 18,898,843
1,113,270 3,012,264
350,240 947,673
1,559,258 23,024,280
2,065,520 28,275,832
440,200 1,191,085
339,792 919,403
779,992 2,110,488
- 365,840
(50,629) (3,153,860)
(50,629)$ (2,788,020) $
Internal Service
Funds
Building
Maintenance
Fund
185

CITY OF RIALTO

COMBINING STATEMENT OF REVENUES, EXPENSES

AND CHANGES IN FUND NET POSITION

INTERNAL SERVICE FUNDS
YEAR ENDED JUNE 30, 2022
Operating Revenues:

Sales and service charges 2,344,182$ 695,261$ 2,931,960$ 3,185,705$ Miscellaneous - - 1,528 - Total Operating Revenues 2,344,182 695,261 2,933,488 3,185,705 Operating Expenses:

Administration and general 31,939 77,538 1,464,584 42,842 Cost of sales and services 3,289,816 207,917 809,455 5,345,969 Depreciation expense - 7,718 105,254 - Total Operating Expenses 3,321,755 293,173 2,379,293 5,388,811 Operating Income (Loss) (977,573) 402,088 554,195 (2,203,106) Nonoperating Revenues (Expenses):

Interest revenue 30,595 - 4,705 4,915 Interest expense - (977) (102) - Total Nonoperating
Revenues (Expenses) 30,595 ( 977) 4,603 4,915 Income (Loss) Before Transfers (946,978) 401,111 558,798 (2,198,191) Transfers in 2,700,000 1,199,013 328,525 6,000,000 Changes in Net Position 1,753,022 1,600,124 887,323 3,801,809 Net Position (Deficit):

Beginning of Year (7,361,189) (1,197,653) (323,396) (1,897,431) End of Fiscal Year (5,608,167)$ 402,471$ 563,927$ 1,904,378$ Internal Service Funds
Workers'
Compensation
Fund
Fleet
Management
Fund
Management
Information
System Fund
General Liability
Fund
186

CITY OF RIALTO

COMBINING STATEMENT OF REVENUES, EXPENSES

AND CHANGES IN FUND NET POSITION

INTERNAL SERVICE FUNDS
YEAR ENDED JUNE 30, 2022
Operating Revenues:

Sales and service charges
Miscellaneous
Total Operating Revenues
Operating Expenses:

Administration and general
Cost of sales and services
Depreciation expense
Total Operating Expenses
Operating Income (Loss)
Nonoperating Revenues (Expenses):

Interest revenue
Interest expense
Total Nonoperating
Revenues (Expenses)
Income (Loss) Before Transfers
Transfers in
Changes in Net Position
Net Position (Deficit):

Beginning of Year
End of Fiscal Year
Totals
2,980,440$ 12,137,548$
- 1,528
2,980,440 12, 139,076
632,263 2, 249,166
2,400,016 12, 053,173
- 112,972
3,032,279 14, 415,311
(51,839) (2, 276,235)
- 40,215
- ( 1,079)
- 39,136
(51,839) (2, 237,099)
2,567,079 12, 794,617
2,515,240 10, 557,518
(2,565,869) (13, 345,538)
(50,629)$ (2, 788,020)$
Internal Service
Funds
Building
Maintenance Fund
187

CITY OF RIALTO

COMBINING STATEMENT OF CASH FLOWS

INTERNAL SERVICE FUNDS
YEAR ENDED JUNE 30, 2022
Cash Flows from Operating Activities:

Cash received from customers and users 2,318,156$ 695,261$ 2,931,960$ 3,114,650$ Cash paid to suppliers for goods and services (2,815,449) (210,789) (940,140) (5,432,061) Cash paid to employees for services (66,327) (476,454) (790,723) (77,231) Cash received from (payments to) others - - 1,528 - Net Cash Provided (Used) by Operating Activities (563,620) 8,018 1,202,625 (2,394,642) Cash Flows from Non-Capital
Financing Activities:

Cash received from other funds 2,700,000 1,199,013 328,525 6,000,000 Net Cash Provided (Used) by
Non-Capital Financing Activities 2,700,000 1,199,013 328,525 6,000,000 Cash Flows from Capital
and Related Financing Activities:

Principal paid on capital debt - (4,350) (30,750) - Interest paid on capital debt - (13) (99) - Net Cash Provided (Used) by
Capital and Related Financing Activities - (4,363) (30,849) - Cash Flows from Investing Activities:

Interest received 30,621 - 4,709 4,925 Net Cash Provided (Used) by
Investing Activities 30,621 - 4,709 4,925 Net Increase (Decrease) in Cash
and Cash Equivalents 2,167,001 1,202,668 1,505,010 3,610,283 Cash and Cash Equivalents at Beginning of Year 10,359,876 9,485 1,220,436 3,599,607 Cash and Cash Equivalents at End of Year 12,526,877$ 1,212,153$ 2,725,446$ 7,209,890$ Reconciliation of Operating Income to Net Cash
Provided (Used) by Operating Activities:

Operating income (loss) (977,573)$ 402,088$ 554,195$ (2,203,106)$ Adjustments to reconcile operating income (loss)
net cash provided (used) by operating activities:

Depreciation - 7,718 105,254 - (Increase) decrease in accounts receivable (26,026) - - (71,055) (Increase) decrease in inventories - ( 776) - - (Increase) decrease in deferred outflows of resources - pension related 690 10,523 21,024 690 (Increase) decrease in deferred outflows of resources - OPEB related (3,930) (66,158) ( 179,771) (3 ,930) Increase (decrease) in accounts payable (37,807) (2,097) (130,682) 16,866 Increase (decrease) in accrued liabilities 1,313 3,323 26,542 1,313 Increase (decrease) in claims and judgments 512,173 - - ( 102,959) Increase (decrease) in compensated absences 3,498 6,131 155 3,498 Increase (decrease) in net pension liability (44,027) (532,479) 9,609 (44,028) Increase (decrease) in net opeb liability (19,347) (242,217) (75,840) (19,347) Increase (decrease) in deferred inflows of resources - pension related 15,734 239,970 479,447 15,734 Increase (decrease) in deferred inflows of resources - OPEB related 11,681 181,992 392,698 11,681 Total Adjustments 413,952 (394,070) 648,436 (191,537) Net Cash Provided (Used) by
Operating Activities (563,621)$ 8,018$ 1,202,631$ (2,394,643)$ Governmental Activities - Internal Service Funds
Workers'
Compensation
Fund
Fleet
Management
Fund
Management
Information
System Fund
General
Liability Fund
188

CITY OF RIALTO

COMBINING STATEMENT OF CASH FLOWS

INTERNAL SERVICE FUNDS
YEAR ENDED JUNE 30, 2022
Cash Flows from Operating Activities:

Cash received from customers and users
Cash paid to suppliers for goods and services
Cash paid to employees for services
Cash received from (payments to) others
Net Cash Provided (Used) by Operating Activities
Cash Flows from Non-Capital
Financing Activities:

Cash received from other funds
Net Cash Provided (Used) by
Non-Capital Financing Activities
Cash Flows from Capital
and Related Financing Activities:

Principal paid on capital debt
Interest paid on capital debt
Net Cash Provided (Used) by
Capital and Related Financing Activities
Cash Flows from Investing Activities:

Interest received
Net Cash Provided (Used) by
Investing Activities
Net Increase (Decrease) in Cash
and Cash Equivalents
Cash and Cash Equivalents at Beginning of Year
Cash and Cash Equivalents at End of Year
Reconciliation of Operating Income to Net Cash
Provided (Used) by Operating Activities:

Operating income (loss)
Adjustments to reconcile operating income (loss)
net cash provided (used) by operating activities:

Depreciation
(Increase) decrease in accounts receivable
(Increase) decrease in inventories
(Increase) decrease in deferred outflows of resources - pension related (Increase) decrease in deferred outflows of resources - OPEB related Increase (decrease) in accounts payable
Increase (decrease) in accrued liabilities
Increase (decrease) in claims and judgments
Increase (decrease) in compensated absences
Increase (decrease) in net pension liability
Increase (decrease) in net opeb liability
Increase (decrease) in deferred inflows of resources - pension related Increase (decrease) in deferred inflows of resources - OPEB related Total Adjustments
Net Cash Provided (Used) by
Operating Activities
Totals
2,980,440$ 12,040,467$
(2,153,872) (11, 552,311)
(824,758) (2, 235,493)
- 1,528
1,810 (1, 745,809)
2,565,267 12,792,805
2,565,267 12,792,805
- ( 35,100)
- ( 112)
- ( 35,212)
2 40,257
2 40,257
2,567,079 11,052,041
- 15,189,404
2,567,079$ 26,241,445$
(51,839)$ (2, 276,235)$
- 112,972
- ( 97,081)
- (776)
19,303 52,230
(138,926) ( 392,715)
246,144 92,424
4,817 37,308
- 409,214
11,460 24,742
(580,320) (1, 191,245)
(293,604) ( 650,355)
440,200 1,191,085
344,616 942,668
53,690 530,471
1,851$ (1, 745,764)$
Governmental
Activities -
Internal
Service Funds
Building
Maintenance
Fund
189
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191

CITY OF RIALTO

COMBINING STATEMENT OF NET POSITION

ALL CUSTODIAL FUNDS
JUNE 30, 2022
Totals
Assets:

Pooled cash and investments 69,363$ 735,941$ 55,616$ 4,913,097$ 5,774,017$ Receivables:

Accounts - - - 1,985 1,985 Due from other governments - - 160 - 160 Restricted assets:

Cash and investments with fiscal agents - 453,574 - - 453,574 Total Assets 69,363 1,189,515 55,776 4,915,082 6,229,736 Liabilities:

Accounts payable - 1,500 1,375 - 2,875 Due to City of Rialto - 113,245 - - 113,245 Total Liabilities - 114,745 1,375 - 116,120 Net Position (Deficit):

Restricted for other purposes 69,363 1,074,770 54,401 4,915,082 6,113,616 Total Net Position (Deficit) 69,363$ 1,074,770$ 54,401$ 4,915,082$ 6,113,616$ Community
Facilities District
(CFD) 87-1 Fund
Community
Facilities District
(CFD) 2006-1 Elm
Park Fund
Community
Facilities District
(CFD) 2016-1
Community
Facilities District
(CFD) 2019-2
Agency Fund
192
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197
City of Rialto
Schedule: 1
Net Position by Component
Last Ten Fiscal Years
(accrual basis of accounting)
2013 2014 2015 2016 2017
Governmental activities
Net investment in capital assets 168,193,443$ 174,199,279$ 182,925,420$ 203,745,887$ 209,841,810$ Restricted 72,472,077 68,118,579 73,952,529 75,922,532 96,873,256 Unrestricted 44,622,614 47,463,243 (54,942,162) (51,933,755) (39,451,355) Total governmental activities net position 285,288,134 289,781,101 201,935,787 227,734,664 267,263,711 Business-type activities
Net investment in capital assets 65,682,237 63,007,943 61,880,161 62,092,586 62,212,159 Restricted - - 23,103,406 23,762,159 20,161,874 Unrestricted (17,512,844) (46,850,667) (71,217,677) (75,195,998) (71,769,191) Total business-type activities net position 48,169,393 16,157,276 13,765,890 10,658,747 10,604,842 Primary government
Net investment in capital assets 233,875,680 237,207,222 244,805,581 265,838,473 272,053,969 Restricted 72,472,077 68,118,579 97,055,935 99,684,691 117,035,130 Unrestricted 27,109,770 612,576 (126,159,839) (127,129,753) (111,220,546) Total primary government net position 333,457,527$ 305,938,377 $ 215,701,677 $ 238,393,411 $ 277,868,553 $ Source: City of Rialto Annual Comprehensive Reports
Fiscal Year
198
City of Rialto
Schedule: 1
Net Position by Component
Last Ten Fiscal Years
(accrual basis of accounting)
Governmental activities
Net investment in capital assets
Restricted
Unrestricted
Total governmental activities net position
Business-type activities
Net investment in capital assets
Restricted
Unrestricted
Total business-type activities net position
Primary government
Net investment in capital assets
Restricted
Unrestricted
Total primary government net position
Source: City of Rialto Annual Comprehensive Reports
2018 2019 2020 2021 2022
219,905,555$ 241,566,979$ 265,229,119$ 274,462,552$ 275,950,902$ 110,510,600 119,177,499 136,353,586 169,048,366 224,941,858 (70,806,076) (64,406,001) (78,272,477) (98,918,022) (82,847,854) 259,610,079 296,338,477 323,310,228 344,592,896 418,044,906 90,709,466 106,102,033 118,019,612 116,338,881 114,600,887 22,666,881 22,774,070 25,815,406 73,004 23,327,196 (102,644,912) (113,779,243) (127,016,385) (90,838,196) (105,079,579) 10,731,435 15,096,860 16,818,633 25,573,689 32,848,504 310,615,021 347,669,012 383,248,731 390,801,433 390,551,789 133,177,481 141,951,569 162,168,992 169,121,370 248,269,054 (173,450,988) (178,185,244) (205,288,862) (189,756,218) (187,927,433) 270,341,514$ 311,435,337 $ 340,128,861 $ 370,166,585 $ 450,893,410 $ Fiscal Year
199
City of Rialto
Schedule: 2
Changes in Net Position
Last Ten Fiscal Years (accrual basis of accounting)
2013 2014 2015 2016 2017
Expenses
Governmental Activities
General government 11,385,776$ 16,831,207 $ 22,194,069 $ 12,838,348 $ 27,670,283 $ Community development 7,815,876 14, 622,817 18, 152,493 20, 547,780 28, 506,818 Public safety 39,248,802 39,676,536 40,057,540 45,270,584 52,952,706 Payment to successor agency 921,450 - 1, 270,167 1,295,583 - Interest on long term debt 249,424 154,834 169,166 96,659 84,307 Total governmental activities expenses 59,621,328 71,285,394 81,843,435 80,048,954 109,214,114 Business-type activities
Water 15,596,613 12, 750,105 12, 999,577 12, 069,588 12, 740,471 Wastewater 21,111,279 23, 015,470 23, 463,015 24, 350,919 24, 200,053 Airport 451,183 388,963 4,373,243 207,934 10,929 Cemetery 46,086 49,255 52,738 51,758 80,900 Utility Billing - - - - - Recreation & Community Service 2,586,330 2,335,258 2,640,280 3,234,840 3,572,043 Total business-type activities expenses 39,791,491 38, 539,051 43, 528,853 39, 915,039 40, 604,396 Total primary government expenses 99,412,819$ 109,824,445 $ 125,372,288 $ 119,963,993 $ 149,818,510 $ Program revenues
Governmental activities
Charges for services
General government 1,882,740$ 811,456$ 804,526$ 1 ,606,496$ 1,122,310 $ Community Development 1,914,371 12, 026,114 14, 560,867 10, 906,447 48, 620,952 Public Safety 4,005,618 2,854,087 3,006,101 3,023,995 3,111,112 Operating grants and contributions 4,587,822 7,032,129 10,480,851 9,222,678 10,058,467 Capital grants and contributions 5,926,508 4,939,898 4,504,424 4,548,560 3,901,780 Total governmental activities program revenues 18,317,059 27,663,684 33,356,769 29,308,176 66,814,621 Business-type activities
Charges for services
Water 8,840,946 9, 970,145 12, 082,146 12, 225,769 13, 119,637 Wastewater 12,811,692 17, 281,060 22, 492,901 22, 482,683 25, 954,797 Airport 522,259 485,785 128,387 58,785 32,979 Cemetery 35,334 23,710 32,419 39,624 65,867 Recreation & community service 901,593 898,633 883,489 838,665 895,340 Operating grants and contributions - - - - - Capital grants and contributions - - - - 353,470 Total Business-type Activities program revenues 23,111,824 28,659,333 35,619,342 35,645,526 40,422,090 Total primary government program revenues 41,428,883$ 56,323,017 $ 68,976,111 $ 64,953,702 $ 107,236,711 $ Fiscal Year
200
City of Rialto
Schedule: 2
Changes in Net Position
Last Ten Fiscal Years (accrual basis of accounting)
Expenses
Governmental Activities
General government
Community development
Public safety
Payment to successor agency
Interest on long term debt
Total governmental activities expenses
Business-type activities
Water
Wastewater
Airport
Cemetery
Utility Billing
Recreation & Community Service
Total business-type activities expenses
Total primary government expenses
Program revenues
Governmental activities
Charges for services
General government
Community Development
Public Safety
Operating grants and contributions
Capital grants and contributions
Total governmental activities program revenues
Business-type activities
Charges for services
Water
Wastewater
Airport
Cemetery
Recreation & community service
Operating grants and contributions
Capital grants and contributions
Total Business-type Activities program revenues
Total primary government program revenues
2018 2019 2020 2021 2022
19,885,751$ 23,994,846 $ 26,797,603 $ 24,399,225 $ 38,991,446 $ 29,404,226 19, 645,409 19, 471,093 25, 386,976 19, 624,539 53,055,098 58, 199,681 61, 186,234 75, 345,511 51, 306,407 - - - - - 323,872 479,445 263,664 507,718 470,943 102,668,947 102, 319,381 107,718,594 125, 639,430 110, 393,335 13,832,547 13, 178,151 13, 668,540 13, 619,253 15, 211,746 23,397,142 23, 016,838 26, 260,393 23, 412,695 27, 300,987 127,653 45,491 4,341 4,449 4,293 65,397 78,817 72,119 81,056 95,655 - - - - - 3,456,616 3, 836,329 3, 557,900 - - # 40,879,355 40, 155,626 43, 563,293 37, 117,453 42, 612,681 143,548,302$ 142,475,007 $ 151,281,887 $ 162,756,883 $ 153,006,016 $ 1,637,935$ 4 ,173,279$ 956,301$ 1 ,466,798$ 1,968,967$ 26,054,877 26, 778,267 22, 278,219 14, 454,456 17, 831,296 3,439,943 3, 849,026 4, 289,038 4, 202,468 5, 130,007 17,599,694 12, 996,451 15, 536,989 17, 129,967 38, 832,950 5,774,075 6, 634,323 5, 698,306 8, 694,737 4, 343,126 54,506,524 54, 431,346 48, 758,853 45, 948,426 68, 106,346 14,856,800 13, 648,249 13, 952,308 15, 085,653 15, 058,449 28,939,501 28, 813,463 29, 191,221 28, 381,428 29, 889,418 159,342 50,523 - - - 46,319 56,752 46,620 189,649 143,559 758,012 825,550 541,213 - - - - - - - 131,896 203,653 27,417 - 351,970 44,891,870 43, 598,190 43, 758,779 43, 656,730 45, 443,396 99,398,394$ 98,029,536 $ 92,517,632 $ 89,605,156 $ 113,549,742$ Fiscal Year
201
City of Rialto
Schedule: 2
Changes in Net Position
Last Ten Fiscal Years (accrual basis of accounting)
2013 2014 2015 2016 2017
Fiscal Year
General revenues and other changes in net position
Governmental Activities
Taxes
Property taxes 18,808,829$ 17,251,658$ 19,568,841$ 20,895,499$ 22,306,582$ Franchise taxes 3,113,227 2,368,377 3,659,305 3,750,460 3,640,100 Utility users taxes 11,253,197 12,191,859 12,634,013 12,670,892 12,731,020 Business license taxes 1,532,412 2,196,779 2,131,574 2,237,639 2,343,824 Sales & use tax 10,310,901 11,523,017 12,023,147 11,893,381 14,532,085 Vehicle license fees 42,966 - 41,566 41,192 48,082 Income for property and investments (255,146) 965,960 504,777 1,362,960 267,929 Other general revenue 3,780,116 4,698,926 5,260,920 4,204,699 4,529,579 RUA lease payments 34,000,000 2,000,000 2,568,030 2,000,000 2,000,000 RUA contract payments - 824,032 1,230,626 1,167,530 1,167,530 Transfers 2,551,344 (1,182,645) 3,407,429 (2,140,364) 17,784,644 Gain on sale of property 208784 - - - 2,851 Payment from successor agency - 185,982 572,154 185,366 574,314 Extra-ordinary gain - - - 14,289,617 - Capital contribution - - 3, 344,082 4,296,048 - Total governmental activities program revenues 85,346,630 53,023,945 66,946,464 76,854,919 81,928,540 Business-type activities:

Property taxes 13,361 11,593 45,210 1,478 894 Income for property and investments (403,262) 746,964 88,329 184,391 85,953 Other general revenue 727,209 608,509 117,870 104,060 1,616,184 RUA lease payments (34,000,000) (2,000,000) (2,568,030) (2,000,000) (2,000,000) Transfers (2,551,344) 1,182,645 (3,407,429) 2,140,364 (17,784,644) Gain on sale of property 538,870 - 9, 854,563 345,213 18,210,014 Distribution of airport property from successor agency 13,764,414 - - - - Capital contribution - - 1, 387,612 386,864 - Total business-type activities (21,910,752) 549,711 5,518,125 775,506 128,401 Total primary government 63,435,878 53, 573,656 72, 464,589 775,506 131,252 Net revenue (expense)
Governmental activities (41,304,269)$ (43,621,710)$ (48,486,666)$ (50,740,778)$ (42,399,493)$ Business-type activities (16,679,667) (9,879,718) (7,909,511) (4,269,513) (182,306) Total primary government (57,983,936)$ (53,501,428) $ (56,396,177) $ (55,010,291) $ (42,581,799) $ Change in net position
Governmental activities 44,042,361$ 9,402,235$ 18,459,798$ 26,114,141$ 39,529,047$ Business-type activities (38,590,419) (9,330,007) (2,391,386) (3,494,007) (53,905) Total primary government 5,451,942$ 72,228 $ 16,068,412$ 22,620,134 $ 39,475,142$ Source: City of Rialto Annual Comprehensive Reports
202
City of Rialto
Schedule: 2
Changes in Net Position
Last Ten Fiscal Years (accrual basis of accounting)
General revenues and other changes in net position
Governmental Activities
Taxes
Property taxes
Franchise taxes
Utility users taxes
Business license taxes
Sales & use tax
Vehicle license fees
Income for property and investments
Other general revenue
RUA lease payments
RUA contract payments
Transfers
Gain on sale of property
Payment from successor agency
Extra-ordinary gain
Capital contribution
Total governmental activities program revenues
Business-type activities:

Property taxes
Income for property and investments
Other general revenue
RUA lease payments
Transfers
Gain on sale of property
Distribution of airport property from successor agency
Capital contribution
Total business-type activities
Total primary government
Net revenue (expense)
Governmental activities
Business-type activities
Total primary government
Change in net position
Governmental activities
Business-type activities
Total primary government
Source: City of Rialto Annual Comprehensive Reports
2018 2019 2020 2021 2022
Fiscal Year
25,201,016$ 29,311,614 $ 30,093,522 $ 32,693,790 $ 36,620,082 $ 3,955,968 3, 962,647 4, 163,993 4, 704,132 4, 725,727 13,592,657 13, 035,913 13, 664,176 14, 470,386 16, 589,203 2,660,329 3, 024,804 3, 642,829 3, 028,073 3, 738,370 17,593,261 22, 603,061 22, 771,751 40, 094,356 56, 003,289 56,075 51,380 84,900 76,683 118,491 1,228,983 5, 175,470 4, 306,121 947,669 (7, 304,637) 6,000,699 4, 911,931 6, 094,131 7, 279,591 6, 880,234 2,000,000 2, 000,000 2, 000,000 2, 000,000 2, 000,000 742,000 742,000 1,140,530 1,141,212 1,141,205 3,963,598 (409,255) (3, 035,335) ( 420,500) (4, 957,815) 475,967 19,002 (101,262) 272,399 - 187,299 187,866 188,166 184,850 184,850 - - - - - - - - - - 77,657,852 84, 616,433 85, 013,522 106,472,641 115, 738,999 198 20 20 - 21 363,912 478,837 373,688 12,403 ( 513,736) 543,708 605,712 171,330 - - (2,000,000) (2, 000,000) (2, 000,000) (2, 000,000) - (3,963,598) 409,255 3,035,335 420,500 4, 957,815 6,730,559 1, 429,037 ( 54,086) - - - - - - - - - - - - 1,674,779 922,861 1,526,287 (1,567,097) 4,444,100 2,150,746 85, 539,294 86, 539,809 104,905,544 120, 183,099 (48,162,423)$ (47,888,035) $ (58,959,741) $ (79,691,004) $ (42,286,989) $ 4,012,515 3, 442,564 195,486 6, 539,277 2, 830,715 (44,149,908)$ (44,445,471) $ (58,764,255) $ (73,151,727) $ (39,456,274) $ 29,495,429$ 36,728,398 $ 26,053,781 $ 26,781,637 $ 73,452,010 $ 5,687,294 4, 365,425 1, 721,773 4, 972,180 7, 274,815 35,182,723$ 41,093,823 $ 27,775,554 $ 31,753,817 $ 80,726,825 $ 203
City of Rialto
Schedule: 3
Fund Balances - Governmental Funds
Last Ten Fiscal Years
(Modified accrual basis of accounting)
2013 2014 2015 2016 2017
General fund
Nonspendable 7,907,132$ 6,511,485$ 1,964,366$ 1,964,563$ 3,527,188$ Restricted - - - - - Assigned 4,066,479 5,082,685 3,285,133 4,377,737 5,132,711 Unassigned 36,564,055 43,778,202 53,786,818 50,372,278 60,711,353 Reserved - - - - - Unreserved - - - - - Total general fund 48,537,666 55,372,372 59,036,317 56,714,578 69,371,252 All other governmental fund
Nonspendable 160,190 - - - 1,313 Restricted 67,517,079 68,096,181 73,660,309 73,272,530 96,816,213 Assigned - - - - - Unassigned (110,759) (227,868) (1,847,051) (554,749) (2,147,038) Reserved - - - - - Unreserved - - - - - Total all other governmental fund 67,566,510 67,868,313 71,813,258 72,717,781 94,670,488 Total governmental funds 116,104,176 $ # 123,240,685 $ # 130,849,575 $ # 129,432,359 $ # 164,041,740 $ Source: City of Rialto Annual Comprehensive Reports
204
City of Rialto
Schedule: 3
Fund Balances - Governmental Funds
Last Ten Fiscal Years
(Modified accrual basis of accounting)
General fund
Nonspendable
Restricted
Assigned
Unassigned
Reserved
Unreserved
Total general fund
All other governmental fund
Nonspendable
Restricted
Assigned
Unassigned
Reserved
Unreserved
Total all other governmental fund
Total governmental funds
Source: City of Rialto Annual Comprehensive Reports
2018 2019 2020 2021 2022
6,252,083$ 24,252,395$ 24,399,474$ 25,406,332$ 24,456,223$ - - - 25,773,249 25,773,249 23,023,387 14,268,248 12,214,045 12,214,045 6,477,271 43,705,317 43,978,540 50,907,994 42,163,748 24,961,441 - - - - - - - - - - 72,980,787 82,499,183 87,521,513 105,557,374 81,668,184 481,406 485,030 - - - 91,753,133 119,177,499 136,353,586 143,275,117 199,168,609 - - - - - (2,249,281) (624,687) (13,747,345) (12,806,598) (6,784,392) - - - - - - - - - - 89,985,258 119,037,842 122,606,241 130,468,519 192,384,217 162,966,045$ 201,537,025 $ 210,127,754 $ 236,025,893 $ 274,052,401 $ 205
City of Rialto
Schedule: 4
Changes in Fund Balances - Governmental Funds
Last Ten Fiscal Years
(Modified accrual basis of accounting)
2013 2014 2015 2016 2017
Revenues:

Taxes 43,675,907$ 44,289,183$ 47,969,828$ 49,351,847$ 53,355,191$ License and permits 1,983,341 3,486,675 3,824,815 3,808,922 4,024,422 Fines and forfeitures 573,951 733,014 616,694 545,896 555,621 Use of money and property (258,630) 961,747 467,654 1,357,158 263,039 Revenue from other agencies 12,364,007 14,957,790 17,521,724 17,481,364 18,783,546 Charges for services 2,840,395 5,455,564 6,464,406 7,577,603 30,707,457 Development impact fees 1,783,001 7,526,709 8,448,681 4,087,903 17,997,408 RUA lease payments 34,000,000 2,000,000 2,568,030 2,000,000 2,000,000 Reimbursement from successor agency for expenditures 441,300 185,981 792,153 185,367 186,465 Other 3,670,379 3,237,598 2,874,680 4,081,234 2,908,148 Payment from successor agency of bond proceeds - - - - 387,848 Total revenues 101,073,651 82,834,261 91,548,665 90,477,294 131,169,145 Expenditures:

General government 8,949,820 13,807,651 16,572,095 15,388,037 21,733,446 Public safety 36,761,021 38,954,995 40,702,413 44,662,648 51,846,210 Community Development 6,505,080 6,870,797 14,659,256 11,317,119 12,518,908 Payment to successor agency for disallowed items 921,450 - 1,270,167 1,295,583 - Capital outlay 11,305,081 17,520,528 12,266,733 29,951,173 28,242,499 Debt service:

Principal Retirement 410,493 427,965 449,876 350,700 371,400 Interest and fiscal charges 222,329 191,701 173,530 128,156 78,602 Bond issuance cost - - - - 35,000 Total Expenditures 65,075,274 77,773,637 86,094,070 103,093,416 114,826,065 Other financing sources/ (uses):

Proceeds from sale of capital assets 26,283 8,652 9,163 33,147 38,047 Proceeds from Margin Loan - - - - - Payment to refunded note payable escrow agent - - (1,702,000) - - Capital lease - - - - 2,455,000 Transfers in 38,153,746 5,740,301 14,513,703 13,431,644 27,002,864 Transfers out (34,029,492) (3,673,068) (12,572,830) (16,240,238) (11,229,610) Transfers to private-purpose trust fund - - - - - Proceeds from note payable issuance - - 1,702,000 - - Total other financing 4,150,537 2,075,885 1,950,036 (2,775,447) 18,266,301 Extraordinary gain (loss) - - - - - Net change in fund balance 40,148,914$ 7,136,509$ 7,404,631$ (15,391,569)$ 34,609,381$ Debt service as a percentage of
noncapital expenditures 1.18% 0.93% 0.82% 0.46% 0.39%
Source: City of Rialto Comprehensive Annual Reports
Fiscal Year
206
City of Rialto
Schedule: 4
Changes in Fund Balances - Governmental Funds
Last Ten Fiscal Years
(Modified accrual basis of accounting)
Revenues:

Taxes
License and permits
Fines and forfeitures
Use of money and property
Revenue from other agencies
Charges for services
Development impact fees
RUA lease payments
Reimbursement from successor agency for expenditures
Other
Payment from successor agency of bond proceeds
Total revenues
Expenditures:

General government
Public safety
Community Development
Payment to successor agency for disallowed items
Capital outlay
Debt service:

Principal Retirement
Interest and fiscal charges
Bond issuance cost
Total Expenditures
Other financing sources/ (uses):

Proceeds from sale of capital assets
Proceeds from Margin Loan
Payment to refunded note payable escrow agent
Capital lease
Transfers in
Transfers out
Transfers to private-purpose trust fund
Proceeds from note payable issuance
Total other financing
Extraordinary gain (loss)
Net change in fund balance
Debt service as a percentage of
noncapital expenditures
Source: City of Rialto Comprehensive Annual Reports
2018 2019 2020 2021 2022
60,427,658$ 68,925,128 $ 70,708,910 $ 92,012,448 $ 114,456,922 $ 5,324,291 5,489,889 5,751,170 5,354,961 5,840,694 690,784 542,765 504,431 567,929 938,527 1,228,984 5,175,470 4,306,120 811,021 (7,344,852) 26,053,438 21,214,497 26,281,864 26,528,678 51,301,923 10,466,109 11,961,147 9,828,413 9,863,275 13,030,379 15,142,316 14,941,991 13,181,947 5,004,302 7,256,060 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 1,027,556 566,570 - - - 2,747,683 4,836,900 2,736,063 2,357,330 3,151,154 187,299 187,866 188,166 184,850 184,850 125,296,118 135,842,223 135,487,084 144,684,794 190,815,657 17,701,523 16,214,741 17,995,882 19,026,548 37,332,205 53,779,614 54,511,656 59,131,345 65,415,103 69,611,944 11,328,676 13,263,056 13,304,328 21,257,219 18,502,774 - - - - - 40,900,743 31,791,171 33,532,966 12,594,240 11,439,576 514,129 4,454,983 601,548 892,960 1,091,293 335,372 460,562 229,063 492,341 481,652 38,165 23,901 - - - 124,598,222 120,720,070 124,795,132 119,678,411 138,459,444 503,191 19,002 16,112 308,727 3,422,727 3,627,382 5,556,613 - - - - - - - - 6,109,580 - - - - 13,175,693 133,156,834 8,370,268 6,393,761 61,871,227 (11,173,981) (134,041,089) (11,405,603) (4,314,261) (79,623,659) - - - - - - - - - - 12,241,865 4,691,360 (3,019,223) 2,388,227 (14,329,705) - - - - - 12,939,761$ 19,813,513 $ 7,672,729 $ 27,394,610 $ 38,026,508 $

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Rialto City CouncilJune 13, 2023

Rialto City Council
June 13, 2023