Rialto City Council
August 13, 2024

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CITY OF RIALTO, CALIFORNIA

Annual Financial Report

Year Ended June 30, 2023

Table of Contents

Page

Independent Auditors’ Report ........................................................................................................................... 1

Basic Financial Statements:

Statement of Net Position ..................................................................................................................... 5 Statement of Activities .......................................................................................................................... 6

Governmental Funds:

Balance Sheet ...................................................................................................................................... 8 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position ................................................................................................................................. 11 Statement of Revenues, Expenditures and Changes in Fund Balances ........................................ 12 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities ................................................. 14

Proprietary Funds:

Statement of Net Position .................................................................................................................. 15 Statement of Revenues, Expenses and Changes in Net Position .................................................. 17 Statement of Cash Flows ................................................................................................................... 19

Fiduciary Funds:

Statement of Net Position .................................................................................................................. 23 Statement of Changes in Net Position .............................................................................................. 24

Notes to Financial Statements .................................................................................................................. 25

Required Supplementary Information:

Pension Plans:

Schedule of Changes in the Net Pension Liability and Related Ratios – Miscellaneous Plan ..................................................................................................................... 80 Schedule of Changes in the Net Pension Liability and Related Ratios – Safety Plan ................................................................................................................................... 82

OPEB Plan:

Schedule of Changes in the Net OPEB Liability and Related Ratios ............................................. 84

Schedule of Plan Contributions .............................................................................................................. 86

CITY OF RIALTO, CALIFORNIA

Annual Financial Report

Year Ended June 30, 2023

Table of Contents

Page

Budgetary Comparison Schedule:

General Fund ...................................................................................................................................... 87 Park Development Special Revenue Fund ....................................................................................... 88 American Rescue Plan Act Fund ...................................................................................................... 89

Notes to the Required Supplementary Information ................................................................................. 91

Supplementary Information:

Combining Balance Sheet – Nonmajor Governmental Funds .............................................................. 92 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Governmental Funds ...................................................................................................... 104

Budgetary Comparison Information – Special Revenue Funds:

Gas Tax ................................................................................................................................... 115 Transportation Enhancement Activities Fund ......................................................................... 116 Street Lighting and Landscape Maintenance Fund ................................................................ 117 Landscape and Lighting District No. 2 Fund ........................................................................... 118 Traffic Development Fund ....................................................................................................... 119 Office of Traffic Safety Fund ................................................................................................... 120 Retirement Tax Fund .............................................................................................................. 121 Open Space Development Fund ............................................................................................. 122 General Facilities Development Fund ..................................................................................... 123 Library Facilities Development Fund ....................................................................................... 124 Major Grant Funding Fund ...................................................................................................... 125 Police Development Fund ....................................................................................................... 126 Fire Development Fund........................................................................................................... 127 Waste Management Fund ....................................................................................................... 128 South Coast Air Quality Management Fund (SCAQMD) Fund ............................................... 129 Asset Forfeiture Fund .............................................................................................................. 130 Police Grants Fund ................................................................................................................. 131 Community Services Grant Fund ............................................................................................ 132 Citizens Option for Public Safety Fund ................................................................................... 133 Local Law Enforcement Block Grant Fund ............................................................................. 134 CDBG Fund ............................................................................................................................. 135 Traffic Safety Prop 1B Fund .................................................................................................... 136 Neighborhood Stabilization Program Fund ............................................................................. 137 Neighborhood Stabilization Program – Program Income Fund .............................................. 138 Measure I Fund ....................................................................................................................... 139 Fire Grants Fund ..................................................................................................................... 140 Fire Ground Emergency Transportation Fund ........................................................................ 141 Cal Home Fund ....................................................................................................................... 142 Housing Authority Fund........................................................................................................... 143 Public, Educational, and Governmental (PEG) Fees Fund .................................................... 144 Transportation Development Act (TDA) Fund ........................................................................ 145 Street Medians Development Fund ........................................................................................ 146 Local Drainage Fund ........................................................................................................................ 147 Capital Projects Funds .................................................................................................................. 148 Fair Share Agreement Fund .......................................................................................................... 149 2005 TABS Fund ........................................................................................................................... 150 2008 TABS Fund ........................................................................................................................... 151 1997 COP Fund ................................................................................................................................ 152

CITY OF RIALTO, CALIFORNIA

Annual Financial Report

Year Ended June 30, 2023

Table of Contents

Page

Enterprise Funds:

Combining Statement of Net Position ............................................................................................. 153 Combining Statement of Revenues, Expenses and Changes in Net Position ............................. 154 Combining Statement of Cash Flows .............................................................................................. 155

Internal Service Funds:

Combining Statement of Net Position ............................................................................................. 156 Combining Statement of Revenues, Expenses and Changes in Net Position ............................. 158 Combining Statement of Cash Flows .............................................................................................. 160

Custodial Funds:

Combining Statement of Assets and Liabilities - Custodial Funds ................................................ 162 Statement of Changes of Assets and Liabilities - Custodial Funds .............................................. 164 7+,63$*(,17(17,21$//</()7%/$1.

1611 E. Fourth Street, Suite 200
Santa Ana, CA 92701
(714) 569-1000
203 N. Brea Blvd, Suite 203
Brea, CA 92821
(714) 672-0022
21 Waterway Avenue, Suite 30089
The Woodlands, TX 77380
(936) 828-4587
2151 River Plaza Dr., Suite 150
Sacramento, CA 95833
(916) 503-9691
24422 Avenida de la Carlota, Suite 275
Laguna Hills, CA 92653
(949) 829-8299
www.lslcpas.com
INDEPENDENT AUDITORS’ REPORT
To the Honorable Mayor and Members of the City Council
City of Rialto, California
Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information o f the City of Rialto, California (the “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 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 and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial State ments section of our report. We are required to be independent of the City and to meet our other ethical responsib ilities, 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.

Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of the 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.

To the Honorable Mayor and Members of the City Council
City of Rialto, California

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 generally accepted auditing standards 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 generally accepted auditing standards 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.

• 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 budgetary comparison information for the General Fund and major special revenue funds, and required pension and other postemployment benefits schedules, 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. 2 To the Honorable Mayor and Members of the City Council City of Rialto, California

Management has omitted the management’s discussion and analysis that accounting principles generally accepted in the United States of America require to be presented to supplement the basic financial statements. Such missing information, 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. Our opinion on the basic financial statements is not affected by this missing information.

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 accompanying combining and individual fund financial statements and schedules (“supplementary information”) 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 supplementary information is fairly stated, in all material respects, in relation to the basic financial statements as a whole.

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued our report dated August 8, 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.

Brea, California
August 8, 2024
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2. Restricted Cash and Investments

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5. Deferred Outflows/Inflows of Resources

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6. Net Position

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7. Fund Balance

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8. Leases

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103

CITY OF RIALTO
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2023

REVENUES
Taxes -$ -$ 1,390,868$ 964,346$ Intergovernmental 6,300,321 208,599 - -
Charges for services - - - -
Use of money and property 230,005 - 15,185 10,602
Developer participation - - - -
Miscellaneous - - 139,817 52,338
Total revenues 6,530,326 208,599 1,545,870 1,027,286

EXPENDITURES
Current:

General government - - - 775,672
Public safety - - - -
Community development 261,854 - 1,759,489 155,126
Capital outlay 7,950,895 - - -
Debt service:

Principal - - 186,040 23,000
Interest and fiscal charges - - 93,350 11,530
Total expenditures 8,212,749 - 2,038,879 965,328
Excess (deficiency) of revenues
over (under) expenditures (1,682,423) 208,599 (493,009) 61,958

OTHER FINANCING SOURCES (USES)
Transfers in - - 806,640 -
Transfers out (11,580) - (6,660) (20,070)
Total other financing sources (uses) (11,580) - 799,980 (20,070) Net change in fund balances (1,694,003) 208,599 306,971 41,888 Fund balances (deficit)-beginning 11,940,000 (11,400) 375,390 451,943 Fund balances (deficit)-ending 10,245,997$ 197,199$ 682,361$ 493,831$ Special Revenue Funds
Gas Tax Fund
Transportation
Enhancement
Activities Fund
Street Lighting
and Landscape
Maintenance
Fund
Landscape and
Lighting District
No. 2 Fund
104

CITY OF RIALTO
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2023

REVENUES
Taxes
Intergovernmental
Charges for services
Use of money and property
Developer participation
Miscellaneous
Total revenues

EXPENDITURES
Current:

General government
Public safety
Community development
Capital outlay
Debt service:

Principal
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 (deficit)-beginning
Fund balances (deficit)-ending
(Continued)
-$ - $ 57 $ -$ - 346,821 - -
- 12,574 - -
695,961 - - 586
4,470,888 - - -
--- -
5,166,849 359,395 57 586
--- -
--- -
- 361,875 - -
449,782 - - -
--- -
--- -
449,782 361,875 - -
4,717,067 (2,480) 57 586
--- -
(45,620) - (128) -
(45,620) - (128) -
4,671,447 (2,480) (71) 586
23,472,596 35,183 167 -
28,144,043$ 32,703 $9 6 $ 586 $
Special Revenue Funds
Traffic
Development
Fund
Office of Traffic
Safety Fund
Retirement Tax
Fund
American
Rescue Plan
Act
105

CITY OF RIALTO
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2023

REVENUES
Taxes
Intergovernmental
Charges for services
Use of money and property
Developer participation
Miscellaneous
Total revenues

EXPENDITURES
Current:

General government
Public safety
Community development
Capital outlay
Debt service:

Principal
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 (deficit)-beginning
Fund balances (deficit)-ending
-$ - $ - $ -$ --- 1,917,004
- - 105,355 -
54,523 76,238 3,407 -
181,834 572,339 - -
--- -
236,357 648,577 108,762 1,917,004
--- 356,077
--- -
1,250 - - 160,527
193,821 47,119 - 1,339,107
--- -
--- -
195,071 47,119 - 1,855,711
41,286 601,458 108,762 61,293
--- -
(4,350) - - -
(4,350) - - -
36,936 601,458 108,762 61,293
2,218,607 2,773,928 82,567 8,782,541
2,255,543$ 3,375,386 $ 191,329 $ 8,843,834 $
Special Revenue Funds
General
Facilities
Development
Fund
Library
Facilities
Development
Fund
Major Grant
Funding Fund
Open Space
Development
Fund
106

CITY OF RIALTO
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2023

REVENUES
Taxes
Intergovernmental
Charges for services
Use of money and property
Developer participation
Miscellaneous
Total revenues

EXPENDITURES
Current:

General government
Public safety
Community development
Capital outlay
Debt service:

Principal
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 (deficit)-beginning
Fund balances (deficit)-ending
(Continued)
-$ - $ - $ -$ - - 844,058 338,159
--- -
64,071 14,944 289,301 15,291
457,732 334,074 - -
- - 1,122,800 -
521,803 349,018 2,256,159 353,450
--- -
--- -
- - 1,070,460 244,053
- 17,854 2,285,991 44,034
--- -
--- -
- 17,854 3,356,451 288,087
521,803 331,164 (1,100,292) 65,363
--- -
- (10) (18,750) (6,940)
- (10) (18,750) (6,940)
521,803 331,154 (1,119,042) 58,423
2,325,877 433,892 11,421,922 658,441
2,847,680$ 765,046 $ 10,302,880 $ 716,864 $
Special Revenue Funds
South Coast
Air Quality
Management
(SCAQMD)
Fund
Police
Development
Fund
Fire
Development
Fund
Waste
Management
Fund
107

CITY OF RIALTO
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2023

REVENUES
Taxes
Intergovernmental
Charges for services
Use of money and property
Developer participation
Miscellaneous
Total revenues

EXPENDITURES
Current:

General government
Public safety
Community development
Capital outlay
Debt service:

Principal
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 (deficit)-beginning
Fund balances (deficit)-ending
-$ - $ - $ -$ 1,290,599 291,672 - 264,846
--- -
54,643 - - 22,177
--- -
900 - - -
1,346,142 291,672 - 287,023
--- -
165,046 231,672 - 320,499
- - 50,483 -
148,871 - 169,871 21,172
--- -
--- -
313,917 231,672 220,354 341,671
1,032,225 60,000 (220,354) (54,648)
--- -
--- -
----
1,032,225 60,000 (220,354) (54,648)
1,860,609 (69,055) 2,876 817,330
2,892,834$ (9,055) $ (217,478) $ 762,682 $
Special Revenue Funds
Asset
Forfeiture Fund
Police Grants
Fund
Community
Services Grant
Fund
Citizens Option
for Public
Safety Fund
108

CITY OF RIALTO
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2023

REVENUES
Taxes
Intergovernmental
Charges for services
Use of money and property
Developer participation
Miscellaneous
Total revenues

EXPENDITURES
Current:

General government
Public safety
Community development
Capital outlay
Debt service:

Principal
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 (deficit)-beginning
Fund balances (deficit)-ending
(Continued)
-$ - $ - $ -$ 28,773 1,274,738 - -
--- -
-- 1 2 -
--- -
--- -
28,773 1,274,738 12 -
- 865,001 - -
--- -
28,773 - - -
- 139,305 - -
- 84,000 - -
- 55,787 - -
28,773 1,144,093 - -
- 130,645 12 -
--- -
--- -
----
- 130,645 12 -
3,149 (798,816) 420 (35,670)
3,149$ (668,171) $ 432 $ (35,670)$
Special Revenue Funds
CDBG Fund
Traffic Safety
Prop 1B Fund
Neighborhood
Stabilization
Program Fund
Local Law
Enforcement
Block Grant
Fund
109

CITY OF RIALTO
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2023

REVENUES
Taxes
Intergovernmental
Charges for services
Use of money and property
Developer participation
Miscellaneous
Total revenues

EXPENDITURES
Current:

General government
Public safety
Community development
Capital outlay
Debt service:

Principal
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 (deficit)-beginning
Fund balances (deficit)-ending
-$ - $ - $ -$ - 2,518,763 - -
--- -
27,270 140,380 - -
--- -
2,600 - - -
29,870 2,659,143 - -
--- -
--- -
- 450,124 - -
- 6,536,152 - -
--- -
--- -
- 6,986,276 - -
29,870 (4,327,133) - -
--- -
- (6,230) - -
- (6,230) - -
29,870 (4,333,363) - -
1,099,241 8,188,389 17,296 190,510
1,129,111$ 3,855,026 $ 17,296 $ 190,510 $
Special Revenue Funds
Fire Grant
Fund
Neighborhood
Stabilization
Program -
Program
Income Fund Measure I Fund
Brownfield
Clean Up Grant
Fund
110

CITY OF RIALTO
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2023

REVENUES
Taxes
Intergovernmental
Charges for services
Use of money and property
Developer participation
Miscellaneous
Total revenues

EXPENDITURES
Current:

General government
Public safety
Community development
Capital outlay
Debt service:

Principal
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 (deficit)-beginning
Fund balances (deficit)-ending
(Continued)
-$ - $ - $ 88,201$ 3,132,461 - - -
--- -
- 42,544 50,893 10,015
--- -
- 89,337 43,338 -
3,132,461 131,881 94,231 98,216
- 41,070 56,972 1,600
659,552 - - -
--- -
--- -
--- -
--- -
659,552 41,070 56,972 1,600
2,472,909 90,811 37,259 96,616
--- -
- (3,500) (2,500) -
- (3,500) (2,500) -
2,472,909 87,311 34,759 96,616
9,765,566 1,677,753 3,029,154 358,445
12,238,475$ 1,765,064 $ 3,063,913 $ 455,061 $
Special Revenue Funds
Fire Ground
Emergency
Transportation
Fund Cal Home Fund
Housing
Authority Fund
Public,
Educational,
and
Governmental
(PEG) Fees
Fund
111

CITY OF RIALTO
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2023

REVENUES
Taxes
Intergovernmental
Charges for services
Use of money and property
Developer participation
Miscellaneous
Total revenues

EXPENDITURES
Current:

General government
Public safety
Community development
Capital outlay
Debt service:

Principal
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 (deficit)-beginning
Fund balances (deficit)-ending
-$ - $ - $ -$ 226,000 - - -
- 59,675 - -
212 7,653 - -
--- -
--- -
226,212 67,328 - -
--- -
--- -
--- -
--- -
--- -
--- -
----
226,212 67,328 - -
--- -
(60) (2,400) - -
(60) (2,400) - -
226,152 64,928 - -
(205,192) 276,482 - -
20,960$ 341,410 $- $ - $
Street Medians
Development
Fund
Special
Deposits
Confiscated
Funds
Transportation
Development
Act (TDA) Fund
Special Revenue Funds
112

CITY OF RIALTO
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2023

REVENUES
Taxes
Intergovernmental
Charges for services
Use of money and property
Developer participation
Miscellaneous
Total revenues

EXPENDITURES
Current:

General government
Public safety
Community development
Capital outlay
Debt service:

Principal
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 (deficit)-beginning
Fund balances (deficit)-ending
Special
Revenue
Funds
-$ - $ - $ -$ -- - -
-- - -
636,422 301,980 72,483 20,145
2,785,392 1,272,849 - -
-- - -
3,421,814 1,574,829 72,483 20,145
- 424 - -
-- - -
16,956 - - -
251,069 640,269 5,675,248 1,577,523
-- - -
-- - -
268,025 640,693 5,675,248 1,577,523
3,153,789 934,136 (5,602,765) (1,557,378)
-- - -
(19,030) - - -
(19,030) - - -
3,134,759 934,136 (5,602,765) (1,557,378)
24,339,293 11,720,319 6,382,497 4,658,240
27,474,052$ 12,654,455 $ 779,732 $ 3,100,862 $
Fair Share
Agreement
Fund
2005 TABs
Fund
2008 TABs
Fund
Local Drainage
Fund
Capital Projects Funds
113

CITY OF RIALTO
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2023

REVENUES
Taxes
Intergovernmental
Charges for services
Use of money and property
Developer participation
Miscellaneous
Total revenues

EXPENDITURES
Current:

General government
Public safety
Community development
Capital outlay
Debt service:

Principal
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 (deficit)-beginning
Fund balances (deficit)-ending
Total
Nonmajor
Funds
-$ 2,443,472$
- 18,982,814
- 177,604
4,775 2,861,718
- 10,075,108
- 1,451,130
4,775 35,991,846
- 2,096,816
- 1,376,769
- 4,560,970
- 27,488,083
- 293,040
- 160,667
- 35,976,345
4,775 15,501
- 806,640
(1,140) (148,968)
(1,140) 657,672
3,635 673,173
563,339 138,803,829
566,974$ 139,477,002 $
1997 COP Fund
Debt
Service
Fund
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