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Home My WebLink AboutCAFR - FY 2018-19City of Diamond Bar, California Comprehensive Annual Financial Report Year ending June 30, 2019 &,7<2)',$021'%$5&$/,)251,$ &2035(+(16,9($118$/),1$1&,$/5(3257 )257+(<($5(1'(' -81( 3UHSDUHGE\ )LQDQFH'HSDUWPHQW 'LDQQD+RQH\ZHOO 'LUHFWRURI)LQDQFH THIS PAGE INTENTIONALLY LEFT BLANK CITY OF DIAMOND BAR COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 2019 TABLE OF CONTENTS Page(s) INTRODUCTORY SECTION Letter of Transmittal ................................................................................................................................. i GFOA Certificate of Achievement for Excellence in Financial Reporting ............................................. vii Organization Chart ............................................................................................................................... viii List of Elected and Administrative Officials ............................................................................................ ix FINANCIAL SECTION Independent Auditors’ Report ................................................................................................................. 1 Management's Discussion and Analysis (Required Supplementary Information) .................................. 5 BASIC FINANCIAL STATEMENTS Government-Wide Financial Statements Statement of Net Position ........................................................................................................ 15 Statement of Activities .............................................................................................................. 16 Fund Financial Statements Balance Sheet – Governmental Funds .................................................................................... 18 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position .............................................................................................. 19 Statement of Revenues, Expenditures, and Changes in Fund Balances ................................ 20 Reconciliation of Statement of Revenues, Expenditures and Changes in Fund Balances of the Governmental Funds to the Statement of Activities ............................. 21 Statement of Net Position – Proprietary Funds ....................................................................... 22 Statement of Revenues, Expenses, and Changes in Fund Net Position – Proprietary Funds .................................................................................................... 23 Statement of Cash Flows – Proprietary Funds ........................................................................ 24 Notes to Basic Financial Statements .......................................................................................... 2 5 CITY OF DIAMOND BAR COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 2019 TABLE OF CONTENTS Page(s) REQUIRED SUPPLEMENTARY INFORMATION Budgetary Comparison Information: Budgetary Comparison Schedule – General Fund ............................................................. 57 Budgetary Comparison Information: Budgetary Comparison Schedule – Traffic Improvement Fund .......................................... 58 Schedule of Proportionate Share of the Net Pension Liability .................................................... 59 Schedule of Plan Contributions – Pension .................................................................................. 60 Schedule of Changes in the Net OPEB Liability and Related Ratios ......................................... 61 Schedule of Contributions – OPEB ............................................................................................. 6 2 Notes to Required Supplementary Information ........................................................................... 63 COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES Combining Balance Sheet – Nonmajor Governmental Funds .................................................... 64 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances – Nonmajor Governmental Funds ...................................................................... 70 Budgetary Comparison Schedules - Special Revenue Funds: State Gas Tax Fund ................................................................................................................. 75 Proposition A Transit Fund ...................................................................................................... 76 Proposition C Transit Fund ..................................................................................................... 77 Integrated Waste Management Fund ...................................................................................... 78 Sewer Mitigation Fund ............................................................................................................. 79 Air Quality Improvement Fund ................................................................................................. 8 0 Measure M Local Return Fund ................................................................................................ 81 Road Maintenance & Rehab Fund ........................................................................................... 82 Trails & Bikeways Fund ............................................................................................................ 83 MTA Grant Fund ...................................................................................................................... 84 Beverage Center Recycling Grant Fund .................................................................................. 85 Used Oil Block Grant Fund ...................................................................................................... 86 Park and Facility Development Fund ....................................................................................... 87 Community Development Block Grant (CDBG) Fund ............................................................. 88 Citizens Option for Public Safety (COPS) Fund ...................................................................... 89 California Law Enforcement Equipment Program (CLEEP) Fund ........................................... 90 Landscape Maintenance District Fund ..................................................................................... 91 Measure R Local Return Fund ................................................................................................. 92 PEG Fees Fund ....................................................................................................................... 93 Waste Hauler Fund .................................................................................................................. 94 CASP Fees (SB 1186) ............................................................................................................. 95 Measure A Neighborhood Parks Acts Fund ............................................................................ 96 Street Beautification Fund ........................................................................................................ 97 CITY OF DIAMOND BAR COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 2019 TABLE OF CONTENTS Page(s) COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES (Continued) Budgetary Comparison Schedule – Capital Projects Fund: Capital Improvement Funds ..................................................................................................... 98 Budgetary Comparison Schedule – Debt Service Funds: Public Financing Authority........................................................................................................ 99 Combining Statement of Net Position – Internal Service Funds ............................................... 100 Combining Statement of Revenues, Expenses, and Changes in Fund Net Position – Internal Service Funds .............................................................................. 101 Combining Statement of Cash Flows – Internal Service Funds ................................................ 102 STATISTICAL SECTION Financial Trends: Net Position by Component - Last Ten Fiscal Years ................................................................ 105 Changes in Net Position - Last Ten Fiscal Years...................................................................... 106 Fund Balances of Governmental Funds - Last Ten Fiscal Years ............................................. 108 Changes in Fund Balances of Governmental Funds - Last Ten Fiscal Years .......................... 110 Revenue Capacity: Property Tax Dollar Breakdown ................................................................................................ 112 Assessed and Estimated Actual Value of Taxable Property - Last Ten Fiscal Years ............... 113 Direct and Overlapping Property Tax Rates - Last Ten Fiscal Years ....................................... 114 Top 10 Property Taxpayers - Current Fiscal Year and Ten Fiscal Years Ago .......................... 116 Secured Property Tax Levies and Collections – Last Ten Fiscal Years ................................... 117 Debt Capacity: Ratios of Outstanding Debt by Type - Last Ten Fiscal Years ................................................... 118 Direct and Overlapping Debt ..................................................................................................... 119 Computation of Legal Debt Margin - Last Ten Fiscal Years ..................................................... 121 Demographic and Economic Information: Demographic and Economic Statistics - Last Ten Calendar Years .......................................... 122 Taxable Sales by Category - Current Fiscal Year and Nine Fiscal Years Ago ......................... 124 Operating Information: Full-Time Equivalent City Employees by Function - Last Ten Fiscal Years ............................. 126 Operating Indicators by Function - Last Ten Fiscal Years ........................................................ 127 Capital Asset Statistics by Function - Last Ten Fiscal Years .................................................... 128 THIS PAGE INTENTIONALLY LEFT BLANK City of Diamond Bar 21810 Copley Drive | Diamond Bar, CA 91765-4178 (909) 839-7000 | Fax (909) 861-3117 www.DiamondBarCA.gov Carol Herrera Mayor Steve Tye Mayor Pro Tem Andrew Chou Council Member Ruth M. Low Council Member Nancy A. Lyons Council Member November 4, 2019 Honorable Mayor and Council Members City of Diamond Bar Diamond Bar, California It is an honor to submit to you the Comprehensive Annual Financial Report (CAFR) of the City of Diamond Bar for the fiscal year ended June 30, 2019. This report consists of management’s representations concerning the finances of the City. Consequently, responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation, including all disclosures, rests with the City’s management. To provide a reasonable basis for making these representations, management of the City has established a comprehensive internal control framework that is designed both to protect the City’s assets from loss, theft, or misuse and to compile sufficient reliable information for the preparation of the City’s financial statements in conformance with generally accepted accounting principles (GAAP). Because the cost of internal controls should not outweigh their benefits, the City’s comprehensive framework of internal controls has been designed to provide assurance that the financial statements will be free from misstatement. As management, we assert that, to the best of our knowledge and belief, this financial report is complete and reliable in all material aspects. The City’s financial statements have been audited by Lance, Soll, & Lunghard, LLP, a firm of certified public accountants. The goal of the independent audit is to provide reasonable assurance that the financial statements of the City for fiscal year ended June 30, 2019, are free of material misstatement. The independent audit involved examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing the accounting principles used and significant estimates made by management; and evaluating the overall financial statement presentation. The independent auditor concluded based upon the audit that there was a reasonable basis for rendering an unmodified opinion that the City’s financial statements for the fiscal year ended June 30, 2019, were fairly presented in conformity with GAAP. The independent auditor’s report is presented as the first component of the financial section of this report. ii GAAP requires that management provide a narrative introduction, overview, and analysis to accompany the basic financial statements in the form of Management’s Discussion and Analysis (MD&A). This letter of transmittal is designed to complement and should be read in conjunction with the MD&A. The City’s MD&A can be found immediately following the report of the independent auditors. PROFILE OF THE CITY OF DIAMOND BAR The City of Diamond Bar was incorporated on April 18, 1989, and is located at the eastern edge of Los Angeles County in the East San Gabriel Valley. Diamond Bar is a relatively young residential community of about 57,000, situated among the meandering hills and valleys of Brea Canyon. Many desired services can be found in Diamond Bar's shopping and business centers. Recreational opportunities within the City include more than 75 acres of developed park facilities, hiking trails, a community center, an 18-hole public golf course and more than 370 acres of undeveloped publicly owned open space. Diamond Bar is also strategically located at the junction of the SR-57 and SR-60 freeways with easy access to I-10 and SR-71 freeways. This makes Diamond Bar a desirable and convenient location to live and work within close proximity to Los Angeles, Orange, Riverside and San Bernardino counties. Diamond Bar is a General Law city and operates under the council-manager form of government. Policy making and legislative authority are vested in a five- member City Council. The City Council is responsible, among other things, for passing ordinances, adopting the budget, appointing Commissioners, and hiring both the City Manager and contracting for City Attorney services. The Council Members are elected on a non-partisan basis and serve four-year staggered terms, with elections held every other year. Each December, the City Council selects a Mayor and Mayor Pro Tem from its membership. The City Manager is responsible for overseeing the day-to-day operations of the City, and for appointing the heads of the various departments. The City of Diamond Bar operates primarily as a “contract city” utilizing agreements with other governmental agencies, private sector firms and individuals to provide many of its essential services. This includes police services, animal services, building and safety services, engineering, road maintenance and landscape maintenance. iii The Los Angeles County Fire District provides fire protection, which is independent of the City. Los Angeles County also provides library services through a Library District, and sewer and sanitation services through a Sanitation District. Funds for these services are collected through property tax bills and are disbursed directly by the Los Angeles County Tax Collector's Office to those entities. Water services for the City are provided by the Walnut Valley Water District. Refuse collection is provided by private waste collection companies. Additionally, schools are provided by both the Walnut Valley Unified School District and the Pomona Unified School District. Accordingly, none of these activities are included in this report. ECONOMIC CONDITION AND OUTLOOK Fiscal year 2018/19 saw the national, state and local economies begin to level off. Unemployment rates have remained low. However, local consumer spending began to show signs of slowing. The housing market also showed signs of balancing with resale homes prices dipping and the length of time for homes to sell increasing. Fiscal year 2018/19 was another year of closely monitoring revenues, while holding costs to prior year levels wherever possible. The General Fund reserves did decrease by $856,973 during FY 2018/19 with the unassigned fund balance decreasing to $18.6 million and total General Fund reserves coming in at $23.1 million. The primary reason for the decrease in reserves is due to their use to fund various Capital Improvement Projects, the Tres Hermanos property acquisition and related legal fees. The largest revenue source to the City, Property Tax revenue, was up 4.4%. The housing market started off slow during the first three quarters of the fiscal year but was a bit stronger in the fourth quarter when compared to FY 2017/18. Full value sales during FY 2018/19 numbered 379. The average detached home price at June 30, 2019 was $835,129 while the median price was $705,500. These levels are 0.77% and 5.2% lower, respectively, than June 30, 2018. Assessed valuations citywide increased by 4.63% while the countywide assessed valuations increased by 6.5%. The City’s sales tax revenue decreased slightly by 0.58% compared to last year. City officials have been working diligently towards its economic development goal to diversify its sales tax base. FY 2018/19 saw the addition of the Habit Burger Grill who joined Spouts, Ross, Chipotle and Coffee Bean and Tea Leaf at the newly renovated Diamond Ranch Center. iv Voters successfully passed Measure Q in the November 2018 elections increasing the City’s Transient Occupancy Tax. Construction in the new South Pointe development was completed. As the City looks forward to FY 2019/20 there are many exciting projects on the horizon. Residents will continue to see additional local and nationally recognized retail and restaurant businesses open their doors in FY 2019/20. A new Hampton Inn Suites and office development is anticipated to complete the entitlement process and commence construction. The City will continue to investment in the City’s infrastructure with focus on traffic signal infrastructure system upgrades and road rehabilitation projects through the Capital Improvement Program. Finally, the 2040 Comprehensive General Plan Update is expected to be completed following a three-year interactive, dynamic and exciting community process. The City’s future economic health is being secured by building healthy reserves through fiscally conservative budgets and policies in addition to aggressively pursuing economic development opportunities. AWARDS The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Diamond Bar for its comprehensive annual financial report for the fiscal year ended June 30, 2018. The Certificate of Achievement is a prestigious national award recognizing conformance with the highest standards for preparation of state and local financial reports. In order to be awarded a Certificate of Achievement, a government unit must publish an easily readable and efficiently organized comprehensive annual financial report, with contents that conform to program standards. The CAFR must satisfy both generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. The City of Diamond Bar has received the Certificate of Achievement for the last twenty-four consecutive years (fiscal years ended 1995 through 2018). We believe our current report continues to meet the Certificate of Achievement Program’s requirements and we will be submitting it to GFOA to determine its eligibility for another certificate. v REPORTING ENTITY AND ITS SERVICES This Comprehensive Annual Financial Report includes all funds of the City. The City directly provides a limited range of services and contracts for several other services. The City's significant reliance on contracted services has the benefit of reducing expenses to the citizens of the City of Diamond Bar while simultaneously providing the City with a high degree of flexibility in responding to changing economic conditions. Contracted services include police protection, building and safety, street maintenance, park maintenance, capital improvement projects, animal control, attorney services and engineering. Staff provided services include: community development (which includes planning, economic development, building and safety management, and neighborhood improvement), public works (which includes engineering, capital projects administration, street maintenance contract management, traffic and transportation matters, engineering contract management, park maintenance, landscape maintenance and solid waste contract management), parks & recreation (which includes senior services, recreation services, community events and community center operation), public information, subsidized transit ticket sales, grant administration, financial management and administrative management. All of these activities are included in this report. INTERNAL CONTROLS The City of Diamond Bar’s accounting system has been developed by giving consideration to the adequacy of internal accounting controls. Internal accounting controls are implemented by the City to provide reasonable assurance that assets are safeguarded against loss from unauthorized use or disposition; and that the City’s financial records used for preparing financial statements are maintained in a reliable fashion. The concept of reasonable assurance recognizes that the cost of these controls should not exceed the benefits derived from them. The City’s internal controls accomplish these objectives. ACKNOWLEDGEMENTS The preparation of this Comprehensive Annual Financial Report was made possible by the dedicated service and excellence found within the City's Finance Department staff, and through the cooperation of the entire City staff. Each City staff member has my sincere appreciation for their cooperation and contributions in the preparation of this Report. vi I would like to thank Dianna Honeywell, Finance Director, for her prudent fiscal stewardship. In addition, I would also like to thank our independent auditor, Lance, Soll, and Lunghard, LLP, who provided expertise and advice in the preparation of the City's Comprehensive Annual Financial Report. In closing, without the leadership and support of the City Council of the City of Diamond Bar, the preparation of this Report would not have been possible. Sincerely, Daniel Fox City Manager Certificate of Presented to City of Diamond Bar For its Comprehensive Annual June 30, 2018 Executive Director/CEO Financial Report for the Fiscal Year Ended Reporting in Financial for Excellence Achievement Text38:California Government Finance Officers Association vii Diamond Bar Residents City Council City Clerk xCouncil Support xElections xRecords Mgmt. Public Safety xAnimal Control xCrossing Guards xEmergency Prep. xLA Co. Fire xLA Co. Sheriff CommunityServices xDB Center xLLADsxRecreation xParks & Facility Maintenance xSenior Services xSpecial Events Deputy City Manager xEnvironmental Services xWaste Hauler Contracts Public Financing AuthorityCity Commissions Traffic & Transportation Parks & Recreation Planning City Manager xCouncil Goals & Objectives xEconomic Development City Attorney PublicInformation xMarketing xPublic Education xPublic Relations HumanResourcesxRecruitment xBenefits Admin. xWorker’s Comp. xEmployeeRelations FinancexAccounting xBudget xFinancial Reporting xPayroll xTransit Sales Public Works/ Engineering xCIPxDevelopment & Engineering Plan Check/Inspection xRoad Maintenance xTraffic & Transportation Information Systems xIT Infrastructure xE-Government xGIS xTelecom CommunityDevelopment xPlanning xBuilding & Safety xNeighborhood Imp. viii &,7<2)',$021'%$5 (/(&7('$1'$'0,1,675$7,9(2)),&,$/6 ),6&$/<($5 0D\RU &DURO+HUUHUD 0D\RU3UR7HUQ 6WHYH7\H &RXQFLOPHPEHU $QGUHZ&KRX &RXQFLOPHPEHU 5XWK/RZ &RXQFLOPHPEHU 1DQF\/\RQV &LW\0DQDJHU 'DQ)R[ $VVLVWDQW&LW\0DQDJHU 5\DQ0F/HDQ &LW\&OHUN 7RPP\H&ULEELQV 'LUHFWRURI 3DUNV 5HFUHDWLRQ 5\DQ:ULJKW &RPPXQLW\'HYHORSPHQW *UHJ*XEPDQ )LQDQFH 'LDQQD+RQH\ZHOO ,QIRUPDWLRQ6\VWHPV .HQ'HVIRUJHV 3XEOLF:RUNV'DYLG/LX ix THIS PAGE INTENTIONALLY LEFT BLANK INDEPENDENT AUDITORS’ REPORT To the Honorable Mayor and Members of the City Council City of Diamond Bar, California Report on the Financial Statements We have audited the accompanying financial statements of the governmental activities, each major fund, and the aggregate remaining fund information of City of Diamond Bar, California, (the City) as of and for the year ended June 30, 2019, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents. Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes 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. Auditor’s Responsibility Our responsibility is to express opinions on these financial statements based on our audit. 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. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements 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 entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. 203 N. Brea Blvd., Suite 203 Brea, CA 92821 Phone: 714.672.0022 An Association of Independent Accounting Firms To the Honorable Mayor and Members of the City Council City of Diamond Bar, California Opinions In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, each major fund, and the aggregate remaining fund information of the City of Diamond Bar, California, as of June 30, 2019, 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. Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis, the budgetary comparison schedules for the General Fund and Traffic Improvement Fund, the schedule of proportionate share of the net pension liability, the schedule of plan contributions - pension, the schedule of changes in net OPEB liability and related ratios, and the schedule of contributions – OPEB to be presented to supplement the basic financial statements. Such 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. 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. Other 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 introductory section, combining and individual nonmajor fund financial statements and schedules and statistical section are presented for purposes of additional analysis and are not a required part of the basic financial statements. The combining and individual nonmajor fund financial statements and schedules are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining and individual nonmajor fund financial statements and schedules are fairly stated, in all material respects in relation to the basic financial statements as a whole. The introductory and statistical sections have not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we do not express an opinion or provide any assurance on them. 2 To the Honorable Mayor and Members of the City Council City of Diamond Bar, California Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated November 4, 2019 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 November 4, 2019 3 THIS PAGE INTENTIONALLY LEFT BLANK 4 Management’s Discussion and Analysis As management of the City of Diamond Bar, we offer readers this narrative overview and analysis of the financial activities of the City for the fiscal year ended June 30, 2019. We encourage readers to consider the information presented here in conjunction with additional information that we have furnished in our letter of transmittal. Financial Highlights  The total revenues from all sources totaled $42,524,705.  The total cost of all City programs totaled $39,485,975.  The assets of the City of Diamond Bar exceeded its liabilities at the close of the fiscal year by $384,902,155 (net position). Of this amount, $21,083,148 represents unrestricted net position may be used to meet the City’s ongoing obligations to citizens and creditors.  As of the close of the current fiscal year, the City of Diamond Bar’s governmental funds reported combined ending fund balances of $36,353,312, an increase of $6,686,181 in comparison with the prior year. Approximately $18.0 million of the $36.4 million is available for spending at the City’s discretion.  At the end of the current fiscal year, unrestricted fund balance for the general fund was $18,583,174, or 77.6% of the amount of general fund expenditures. The General Fund unrestricted balance of $18.6 million is in addition to a $4.5 million reserve for emergencies as established by City Council resolution. Overview of the Financial Statements This discussion and analysis are intended to serve as an introduction to the City of Diamond Bar’s basic financial statements. The City of Diamond Bar’s basic financial statements comprise three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves. Government-wide financial statements – The government –wide financial statements are designed to provide readers with a broad overview of the City of Diamond Bar’s finances, in a manner similar to a private-sector business. 5 The statement of net position presents financial information on all of the City of Diamond Bar’s assets, liabilities and deferred inflows/outflows of resources with the difference reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the City of Diamond Bar is improving or deteriorating. The statement of activities presents information showing how the City’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods (e.g., uncollected taxes and earned but unused vacation leave). Both of the government-wide financial statements distinguish functions of the City of Diamond Bar that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business-type activities). The governmental activities of the City of Diamond Bar include general government, public safety, highways and streets, community development, and parks and recreation. The City of Diamond Bar currently has no business-type activities or enterprise funds. The government-wide financial statements include not only the City of Diamond Bar itself, but also a legally separate financing authority. Although legally separate, the Diamond Bar Financing Authority is included because the City is financially accountable for it. Fund financial statements – A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The City of Diamond Bar, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the City can be divided into three categories: governmental funds, proprietary funds and fiduciary funds. Governmental Funds – Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, available at the end of the fiscal year. Such information may be useful in assessing the near-term financing requirements necessary to finance City programs. 6 Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impacts of the City’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The City of Diamond Bar adopts an annual appropriated budget for its general fund. A budgetary comparison statement has been provided for the general fund to demonstrate compliance with this budget. Proprietary Funds – The type of proprietary funds that the City maintains are internal service funds that are used to allocate costs internally among the various functions of the City. The City of Diamond Bar uses these funds to account for its liability insurance costs and vehicle, building and computer replacement costs. Because these services predominantly benefit governmental rather than business-type functions, they have been included within governmental activities within the government-wide financial statements. Notes to the Financial Statements – The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. Other Information – In addition to the basic financial statements and accompanying notes, this report also presents certain required supplementary information concerning the City’s budgetary control and accounting and expenditures in excess of appropriations. Government-wide Financial Analysis As noted earlier, net position over time, may serve over time as a useful indicator of the City’s financial position. The City of Diamond Bar’s assets exceeded liabilities by $384,902,155 at the close of 2019 (see Table 1). By far the largest portion of the City’s net position (90.9%) is its investment in capital assets (e.g., land, buildings, infrastructure, machinery, equipment, and construction in progress), less the related outstanding debt used to acquire those assets. The City of Diamond Bar uses these capital assets to provide services to its citizens; consequently, these assets are not available for future spending. Although the City’s investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. 7 Table 1 CITY OF DIAMOND BAR’S Statement of Net Position &XUUHQWDQGRWKHUDVVHWV &DSLWDODVVHWV 7RWDO$VVHWV 'HIHUUHG2XWIORZV %RQGVSD\DEOH 1HWSHQVLRQOLDELOLW\ 1HW23(%OLDELOLW\ 2WKHUOLDELOLWLHV 7RWDO/LDELOLWLHV 'HIHUUHG,QIORZV 1HWSRVLWLRQ 1HWLQYHVWPHQWLQFDSLWDODVVHWV 5HVWULFWHG 8QUHVWULFWHG 7RWDO1HW3RVLWLRQ *RYHUQPHQWDO$FWLYLWLHV The City’s net position increased by $3,038,730. This reason for this overall increase is due primarily to a one-time receipt for traffic mitigation projects offset by depreciation expense. At the end of fiscal year 2019 the City reports a decrease of $187,593 in the unrestricted net position from the prior fiscal year. The City has continually expended its resources conservatively in anticipation of economic downturns and future capital needs which has resulted in being able to end the year with $21,083,148 in Unrestricted Net Position. 8 Table 2 City of Diamond Bar’s Changes in Net Position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evenues In the Statement of Activities, the City’s total revenues were $42.5 million, while the total cost of all programs and services was $39.5 million. Revenues this fiscal year were 32.1% higher than those of the prior year. Nearly every category saw increases in FY 18/19. The following are highlights of some of the major differences: xProperty Tax revenues were up 4.4% from FY 18/19. Housing sales remained consistent which allowed the County to increase overall assessed valuations by 6.5% during FY 18/19 while Diamond Bar’s assessed valuations were up by 4.6% during FY 18/19. 9 xTransient Occupancy Taxes were higher by $203,000 or 19.9%. This is directly related to the increase to the TOT tax rate from 10% to 14% in December 2018. xSales tax revenues decreased slightly by 0.58% compared to last year. Local consumer spending has shown signs of slowing which is reflected in lower revenue in this category. xThe Charges for Services category increased 75% because the City received a one-time payment of $6.5 million which is earmarked for traffic improvements throughout the City related to the Grand Crossing Development and the Industry Business Center. xInvestment Income increased by 34.0%, excluding the fair market value adjustment of $680,492 due to higher idle cash balances available to invest into the bond market coupled with more of the City’s portfolio being further diversified into higher yielding investments such as highly rated corporate bonds and California municipal bonds. The Local Agency Investment Fund (LAIF) rate also continued to improve and ended the fiscal year at 2.43%. By the end of FY 18/19 the City’s overall investment yield increased from 1.71% in FY 17/18 to 2.12% in FY 18/19. Expenses Once again this year, the City has continued to be very diligent in controlling growth in expenses. This year expenses for the City totaled $39.5 million which is approximately $1.9 million, or 5.1% higher than the previous fiscal year. This increase was due primarily to the purchase of the Tres Hermanos property, a small increase to public safety costs and the completion of Parks & Facilities capital improvement projects. The changes in various categories are as follows: xThere was an increase in General Government expenses of approximately 29.8% this year. This was due to the purchase of the Tres Hermanos property. xThere was an increase in Public Safety expenses of approximately 3.4% this year. xThere was an increase in Parks & Recreation expenses of 11.1%. This is due primarily to significant progress on various parks and facilities Capital Improvement projects. xThe Streets and Highways category was lower this year by 6.6%. This is due to a decrease in the number of Capital Improvement projects completed during the fiscal year. xCommunity Development expenses remained nearly unchanged. 10 Financial Analysis of the City’s Funds As noted earlier the City of Diamond Bar uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. Governmental funds - The focus of the City of Diamond Bar’s governmental funds is to provide information on near-term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the City’s financing requirements. In particular, unassigned fund balance may serve as a useful measure of a City’s net resources available for spending at the end of the fiscal year. At June 30, 2019, the City of Diamond Bar’s governmental funds reported combined ending fund balances of $36,353,312, an increase of $6,686,181 in comparison with the prior year. Approximately 49.6% of this amount ($18,025,932) constitutes unassigned fund balance, which is available for spending at the government’s discretion. The remainder of the fund balance is either non- spendable, restricted or assigned to indicate that it is 1) not in spendable form ($26,203), 2) restricted for particular purposes ($13,801,177) or 3) committed for particular purposes ($4,500,000). The general fund is the chief operating fund of the City. At the end of the current fiscal year, the unassigned fund balance of the general fund was $18,583,174, while the total fund balance was $23,109,377. As a measure of the general fund’s liquidity, it may be useful to compare both unassigned fund balance and total fund balance to total fund expenditures. Unassigned fund balance represents 77.6% of total general fund expenditures, while total fund balance represents 96.5%% of the same amount. Since the City’s incorporation in 1989, the City has been fiscally conservative contributing to healthy fund balance reserves. Several years ago, the City chose to fund major maintenance projects from General Fund reserves when other funds were not available for this purpose. This fiscal year total General Fund Reserves decreased $839,000. Factors contributing to the change in General Fund balance reserves are as follows: xGeneral Fund revenues were up $2.4 million from FY 17/18. Factors contributing to the increase include an increase in total property tax including Property Tax In Lieu of VLF ($492,000), the proceeds from the exchange of Proposition A funds for General Fund funds ($888,500) and an increase in investment earnings ($1.2 million) which includes the adjustment to mark up all investments to their full market value. 11 xCosts were higher this year in the General Fund by $761,000 (3.3%) as compared to last year. There were notable increases in the General Government. The increase in General Government category is primarily related to the purchase of the Tres Hermanos property. xThere were a variety of specific projects that the City Council appropriated the use of General Fund reserves. These projects included various Capital Improvement projects, the purchase of the Tres Hermanos property and the continued investment in the new Enterprise Resource Planning (ERP) system. xConservative expenditure budgets over the years have contributed to the City’s general fund healthy fund balance reserve. This includes a contract city business model which aids the City in containing costs. General Fund Budgetary Highlights Original revenue budget projections were increased by $623,000 during the year. The actual revenue came in higher than anticipated by $937,000. This is due primarily to higher than anticipated building permit revenue and the fact that the mark to market adjustment on the City’s investments this year was $680,000. General Fund appropriations were increased during the year by $2.3 million or 7.7% from the original budget to the amended budget. The final expenditures actually came in $4.6 million less than the amended budget due primarily to fewer projects being completed than anticipated therefore lower transfers out of the General Fund. These projects have been carried over to the new fiscal year. Capital Asset and Debt Administration Capital assets - The City of Diamond Bar’s investment in capital assets for its governmental activities as of June 30, 2019 amounts to $358,937,801 (net of accumulated depreciation). This investment in capital assets includes land, Right of Way, buildings and improvements, furniture and fixtures, vehicles and equipment, infrastructure and construction in progress. 12 Table 3 /DQG 5LJKWRI:D\ %XLOGLQJVDQG,PSURYHPHQWV )XUQLWXUHDQG)L[WXUHV 9HKLFOHV (TXLSPHQW ,QIUDVWUXFWXUH &RQVWUXFWLRQLQ3URJUHVV &LW\RI'LDPRQG%DU &DSLWDO$VVHWV QHWRIGHSUHFLDWLRQ The City’s capital assets decreased in value $5,260,608 during FY18/19. This decrease was due primarily to depreciation expense offset by increases in Vehicles & Equipment. Construction in progress at the end of the year included ten projects in various stages of design or construction. The projects include street rehabilitation and enhancement projects, traffic mitigation projects and various park projects. Additional information on the City’s capital assets can be found in note 4. Long-term debt – At the end of the current fiscal year, the City of Diamond Bar’s total long-term debt totaled $8,919,971. The following table shows the breakdown of the long-term debt outstanding: 9DULDEOH5DWH/HDVH5HYHQXH%RQGV EDFNHGE\WKH3XEOLF)LQDQFLQJ $XWKRULW\ 8QDPRUWL]HG%RQG3UHPLXP 2XWVWDQGLQJ/RQJ7HUP'HEWDW<HDUHQG See footnote 5 for additional information on the City’s long-term liabilities as of June 30, 2019. 13 Economic Factors and Next Year’s Budgets and Rates While the City maintains a diverse and upscale housing stock, the City’s economy is equally dependent on commercial and retail revenues. The City’s concentration on maintaining and attracting new business clientele is of utmost importance. The City’s 2019/20 budget is a fiscally conservative budget. As the economy is expected to level out, anticipated revenues in the General Fund reflect moderate yet realistic growth. The ongoing operations budget has been maintained at the status quo as much as possible. This budget presents an operating plan that permits the City to live within a reasonable estimate of revenues while continuing to provide community programs and services to the residents of the City of Diamond Bar. Contacting the City’s Financial Management This financial report is designed to provide our citizens, taxpayers, customers, and creditors with a general overview of the City of Diamond Bar’s finances and to show the City’s accountability for the money it receives. If you have questions about this report or need additional financial information, contact the City’s Finance Department, at the City of Diamond Bar, 21810 Copley Drive, Diamond Bar, California 91765. 14 CITY OF DIAMOND BAR STATEMENT OF NET POSITION Governmental Activities Assets: Cash and investments 43,172,382$ Receivables: Accounts 835,229 Notes and loans 440,886 Accrued interest 190,396 Prepaid costs 26,203 Due from other governments 1,475,194 Cash with fiscal agent 361 Due from employees 318 Capital assets not being depreciated 273,055,125 Capital assets, net of depreciation 85,882,676 Total Assets 405,078,770 Deferred Outflows of Resources: Deferred pension related items 1,906,872 Deferred OPEB related items 1,429 Total Deferred Outflows of Resources 1,908,301 Liabilities: Accounts payable 2,729,418 Accrued liabilities 227,585 Accrued interest 31,487 Unearned revenue 545,230 Deposits payable 1,990,879 Due to other governments 440,886 Noncurrent liabilities: Compensated absences - due within one year 351,122 Bonds payable - due within one year 460,000 Compensated absences - due in more than one year 314,710 Bonds payable - due in more than one year 8,459,971 Net pension liability 5,424,380 Net OPEB liability 520,905 Total Liabilities 21,496,573 Deferred Inflows of Resources: Deferred pension related items 585,438 Deferred OPEB related items 2,905 Total Deferred Inflows of Resources 588,343 Net Position: Net investment in capital assets 350,017,830 Restricted for: Community development projects 2,137,080 Public safety 286,848 Public works 10,721,764 Capital projects 655,124 Debt service 361 Unrestricted 21,083,148 Total Net Position 384,902,155$ JUNE 30, 2019 See Notes to Financial Statements 15 CITY OF DIAMOND BAR STATEMENT OF ACTIVITIES YEAR ENDED JUNE 30, 2019 Operating Capital Charges for Contributions Contributions Governmental Expenses Services and Grants and Grants Activities Functions/Programs Primary Government: Governmental Activities: General government 9,077,331$ 1,248,171$ -$ -$ (7,829,160)$ Public safety 7,142,733 415,701 179,579 - (6,547,453) Community development 3,069,374 2,110,515 635,781 - (323,078) Parks and recreation 6,149,343 1,347,448 49,999 - (4,751,896) Public works 13,644,523 9,797,871 4,786,573 12,595 952,516 Interest on long-term debt 402,671 - - - (402,671) Total Primary Government 39,485,975$ 14,919,706$ 5,651,932$ 12,595$ (18,901,742) General Revenues: Taxes: Property taxes, levied for general purpose 5,405,335 Transient occupancy taxes 1,222,925 Sales taxes 4,970,980 Franchise taxes 1,355,003 Other taxes 1,062,003 Motor vehicle in lieu - unrestricted 6,285,504 Use of money and property 1,397,727 Other 240,995 Total General Revenues 21,940,472 Change in Net Position 3,038,730 Net Position at Beginning of Year 381,863,425 Net Position at End of Year 384,902,155$ Program Revenues Net (Expenses) Revenue and Changes in Net Position See Notes to Financial Statements 16 THIS PAGE INTENTIONALLY LEFT BLANK 17 CITY OF DIAMOND BAR BALANCE SHEET GOVERNMENTAL FUNDS JUNE 30, 2019 Special Revenue Funds Capital Projects Funds Other Total Governmental Governmental General Funds Funds Assets: Pooled cash and investments 26,140,848$ 7,034,327$ -$ 6,739,532$ 39,914,707$ Receivables: Accounts 592,654 - - 189,755 782,409 Notes and loans - - - 440,886 440,886 Accrued interest 190,396 - - - 190,396 Prepaid costs 26,203 - - - 26,203 Due from other governments 517,405 - 340,950 616,839 1,475,194 Due from other funds 353,080 - - - 353,080 Due from employees 318 - - - 318 Restricted assets: Cash and investments with fiscal agents - - - 361 361 Total Assets 27,820,904$ 7,034,327$ 340,950$ 7,987,373$ 43,183,554$ Liabilities, Deferred Inflows of Resources, and Fund Balances: Liabilities: Accounts payable 2,024,095$ -$ 239,283$ 374,878$ 2,638,256$ Accrued liabilities 217,639 - - 9,946 227,585 Unearned revenues 478,914 - 1,560 64,756 545,230 Deposits payable 1,990,879 - - - 1,990,879 Due to other governments - - - 440,886 440,886 Due to other funds - - 78,971 274,109 353,080 Total Liabilities 4,711,527 - 319,814 1,164,575 6,195,916 Deferred Inflows of Resources: Unavailable revenues - - 340,950 293,376 634,326 Total Deferred Inflows of Resources - - 340,950 293,376 634,326 Fund Balances: Nonspendable: Prepaid costs 26,203 - - - 26,203 Restricted for: Community development projects - - - 2,137,080 2,137,080 Public safety - - - 286,848 286,848 Highways and streets - 7,034,327 - 3,687,437 10,721,764 Capital Projects - - - 655,124 655,124 Debt service - - - 361 361 Committed to: Emergency contingencies 4,500,000 - - - 4,500,000 Unassigned 18,583,174 - (319,814) (237,428) 18,025,932 Total Fund Balances 23,109,377 7,034,327 (319,814) 6,529,422 36,353,312 Total Liabilities, Deferred Inflows of Resources, and Fund Balances 27,820,904$ 7,034,327$ 340,950$ 7,987,373$ 43,183,554$ Traffic Improvement Fund Capital Improvement Fund See Notes to Financial Statements 18 CITY OF DIAMOND BAR RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION JUNE 30, 2019 Fund balances of governmental funds 36,353,312$ 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.358,294,653 Deferred outflows related to pension items: Adjustments due to difference in proportions 261,025$ Net difference between project and actual earnings on pension plan investments 29,399 Difference between expected and actual experiences 228,163 Change in assumptions 677,936 710,349 1,906,872 Deferred outflows related to OPEB: 1,429 1,429 Long-term debt, compensated absences, other post employee benefit obligation and net pension liability that have not been included in the governmental fund activity: Bonds payable (8,775,000) Unamortized bond premiums/discounts (144,971) Compensated Absences (665,832) Net OPEB liability (520,905) Net pension liability (5,424,380) (15,531,088) Accrued interest payable for the current portion of interest due on bonds has not been reported in the governmental funds.(31,487) Deferred inflows related to pension items: Difference between expected and actual experiences (77,642) Change in assumptions (166,149) (341,647) (585,438) Deferred inflows related to OPEB: (2,905) (2,905) 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.634,326 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.3,862,481 Net Position of Governmental Activities 384,902,155$ Current year contributions that occurred after the measurement date Change in employer's proportion and differences between the employer's contributions and the employer's proportionate share of contributions Net difference between project and actual earnings on OPEB plan investments Net difference between project and actual earnings on OPEB plan investments See Notes to Financial Statements 19 CITY OF DIAMOND BAR STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS YEAR ENDED JUNE 30, 2019 Capital Projects Funds Other Total Governmental Governmental General Funds Funds Revenues: Taxes 13,233,033$ -$ -$ 783,213$ 14,016,246$ Licenses and permits 2,589,628 6,558,981 - 188,604 9,337,213 Intergovernmental 7,174,004 - 197,883 6,641,983 14,013,870 Charges for services 1,351,841 - - 1,188,503 2,540,344 Use of money and property 1,215,723 29,374 - 116,226 1,361,323 Fines and forfeitures 415,701 - - - 415,701 Miscellaneous 278,317 - - - 278,317 Total Revenues 26,258,247 6,588,355 197,883 8,918,529 41,963,014 Expenditures: Current: General government 6,878,152 - - 1,200,000 8,078,152 Public safety 7,131,562 - - 4,800 7,136,362 Community development 2,339,296 - - 560,824 2,900,120 Parks and recreation 3,021,569 - - 54,366 3,075,935 Public works 4,567,894 - 1,771,446 2,314,085 8,653,425 Capital outlay 18,770 - 2,605,218 85,457 2,709,445 Debt service: Principal retirement - - - 440,000 440,000 Interest and fiscal charges - - - 418,191 418,191 Total Expenditures 23,957,243 - 4,376,664 5,077,723 33,411,630 Excess (Deficiency) of Revenues Over (Under) Expenditures 2,301,004 6,588,355 (4,178,781) 3,840,806 8,551,384 Other Financing Sources (Uses): Transfers in 916,352 - 3,907,266 1,138,533 5,962,151 Transfers out (4,056,356) (37,674) - (3,733,324) (7,827,354) Total Other Financing Sources (Uses) (3,140,004) (37,674) 3,907,266 (2,594,791) (1,865,203) Net Change in Fund Balances (839,000) 6,550,681 (271,515) 1,246,015 6,686,181 Fund Balances, Beginning of Year 23,948,377 483,646 (48,299) 5,283,407 29,667,131 Fund Balances, End of Year 23,109,377$ 7,034,327$ (319,814)$ 6,529,422$ 36,353,312$ Capital Improvement Fund Traffic Improvement Fund Special Revenue Funds See Notes to Financial Statements 20 CITY OF DIAMOND BAR RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES YEAR ENDED JUNE 30, 2019 Net change in fund balances - total governmental funds 6,686,181$ 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 Expenditures 2,915,266$ Depreciation Expense (8,260,941) (5,345,675)$ Repayment of bond principal is an expenditure in the governmental funds, but the repayment reduces long-term liabilities in the statement of net position. Principal repayments 440,000 Amortization of bond premium 14,126 Compensated Absences 15,267 469,393 Accrued interest for long-term liabilities. This is the net change in accrued interest for the current period.1,394 Pension contributions are expenditures in the governmental funds, but reduce the Net Pension Liability in the statement of net position and changes in the Net Pension Liability are expensed in statement of activities.(416,759) OPEB contributions are expenditures in the governmental funds, but reduce the Net OPEB Liability on the statement of net position and changes in the Net OPEB Liability are expensed in the statement of activities.17,009 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.525,287 Internal service funds are used by management to charge the costs of certain activities, such as equipment management and self-insurance, to individual funds. The net revenues (expenses) of the internal service funds is reported with governmental activities.1,101,900 Change in Net Position of Governmental Activities 3,038,730$ See Notes to Financial Statements 21 CITY OF DIAMOND BAR STATEMENT OF NET POSITION PROPRIETARY FUNDS JUNE 30, 2019 Governmental Activities- Internal Service Funds Assets: Current: Cash and investments 3,257,675$ Due from other governments 52,820 Total Current Assets 3,310,495 Noncurrent: Capital assets - net of accumulated depreciation 643,148 Total Noncurrent Assets 643,148 Total Assets 3,953,643$ Liabilities and Net Position: Liabilities: Current: Accounts payable 91,162$ Total Current Liabilities 91,162 Total Liabilities 91,162 Net Position: Investment in capital assets 643,148 Unrestricted 3,219,333 Total Net Position 3,862,481 Total Liabilities and Net Position 3,953,643$ See Notes to Financial Statements 22 CITY OF DIAMOND BAR STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET POSITION PROPRIETARY FUNDS YEAR ENDED JUNE 30, 2019 Governmental Activities- Internal Service Funds Operating Expenses: Administration and general 33,844$ Insurance Premiums 412,308 Equipment repair and maintenance 154,000 Depreciation expense 199,555 Total Operating Expenses 799,707 Operating Income (Loss)(799,707) Nonoperating Revenues (Expenses): Interest revenue 36,404 Total Nonoperating Revenues (Expenses)36,404 Income (Loss) Before Transfers (763,303) Transfers in 1,865,203 Changes in Net Position 1,101,900 Net Position: Beginning of Fiscal Year 2,760,581 End of Fiscal Year 3,862,481$ See Notes to Financial Statements 23 CITY OF DIAMOND BAR STATEMENT OF CASH FLOWS PROPRIETARY FUNDS YEAR ENDED JUNE 30, 2019 Governmental Activities- Internal Service Funds Cash Flows from Operating Activities: Insurance Premiums paid (412,308)$ Payments to suppliers (144,279) Cash received from others 26,438 Net Cash Provided (Used) by Operating Activities (530,149) Cash Flows from Non-Capital Financing Activities: Cash transfers in 1,865,203 Net Cash Provided (Used) by Non-Capital Financing Activities 1,865,203 Cash Flows from Capital and Related Financing Activities: Acquisition and construction of capital assets (284,622) Net Cash Provided (Used) by Capital and Related Financing Activities (284,622) Cash Flows from Investing Activities: Interest received 36,404 Net Cash Provided (Used) by Investing Activities 36,404 Net Increase (Decrease) in Cash and Cash Equivalents 1,086,836 Cash and Cash Equivalents at Beginning of Year 2,170,839 Cash and Cash Equivalents at End of Year 3,257,675$ Reconciliation of Operating Income to Net Cash Provided (Used) by Operating Activities: Operating income (loss)(799,707)$ Adjustments to reconcile operating income (loss) net cash provided (used) by operating activities: Depreciation 199,555 (Increase) decrease in due from other governments 26,438 Increase (decrease) in accounts payable 43,565 Total Adjustments 269,558 Net Cash Provided (Used) by Operating Activities (530,149)$ 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DSSURYDO 7KUHH PXVW FRPH IURP WKH &LW\RI,QGXVWU\WZRIURP&LW\RI&KLQR+LOOVDQGWZRIURP&LW\RI'LDPRQG%DU 7KH$XWKRULW\LVDSXEOLFHQWLW\VHSDUDWHDQGDSDUWIURPHDFKRIWKH&LWLHV7KHIXQGVRIWKH $XWKRULW\KDYHQRWEHHQLQFOXGHGZLWKLQWKHVFRSHRIWKHEDVLFILQDQFLDOVWDWHPHQWVRIWKH&LWLHV EHFDXVHWKH$XWKRULW\KDVLWVRZQJRYHUQLQJERDUGWKDWKDVUHVSRQVLELOLW\RYHUWKHRSHUDWLRQV RIWKH$XWKRULW\ 1RWH &RQVWUXFWLRQ&RPPLWPHQWV 1RPDWHULDOFRQVWUXFWLRQFRPPLWPHQWVH[LVWHGDW-XQH 53 THIS PAGE INTENTIONALLY LEFT BLANK 54 5(48,5('6833/(0(17$5< ,1)250$7,21 55 THIS PAGE INTENTIONALLY LEFT BLANK 56 CITY OF DIAMOND BAR BUDGETARY COMPARISON SCHEDULE GENERAL FUND YEAR ENDED JUNE 30, 2019 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 23,948,377$ 23,948,377$ 23,948,377$ -$ Resources (Inflows): Taxes 13,190,669 13,304,669 13,233,033 (71,636) Licenses and Permits 1,420,345 2,129,729 2,589,628 459,899 Intergovernmental 7,050,220 7,097,924 7,174,004 76,080 Charges for Services 1,748,365 1,641,365 1,351,841 (289,524) Use of Money and Property 450,400 450,400 1,215,723 765,323 Fines and Forfeitures 407,500 407,500 415,701 8,201 Miscellaneous 187,460 278,237 278,317 80 Transfers In 1,159,377 927,348 916,352 (10,996) Amounts Available for Appropriations 49,562,713 50,185,549 51,122,976 937,427 Charges to Appropriation (Outflow): General Government City Council 205,227 205,227 185,376 19,851 City Attorney 695,000 741,491 527,739 213,752 City Manager/Clerk 1,727,872 1,710,522 1,412,559 297,963 Finance 785,428 785,428 769,486 15,942 Human Resources 473,815 471,150 341,392 129,758 Information Systems 1,213,566 1,216,265 1,228,899 (12,634) General government - 1,205,033 1,205,033 - Public Information 698,444 704,218 633,227 70,991 Civic Center 585,524 607,883 487,313 120,570 Contribution to OPEB Trust 86,600 86,600 87,128 (528) Subtotal General Government 6,471,476 7,733,817 6,878,152 855,665 Public Safety Law Enforcement 7,039,503 7,037,503 6,922,275 115,228 Fire Protection 7,500 7,500 7,359 141 Animal Control 183,500 184,671 180,591 4,080 Emergency Preparedness 72,200 72,200 21,337 50,863 Subtotal Public Safety 7,302,703 7,301,874 7,131,562 170,312 Community Development Community Development & Planning Admin.1,102,784 1,072,766 943,923 128,843 Building and Safety 655,137 861,772 851,338 10,434 Neighborhood Improvement 302,349 301,404 271,881 29,523 Recreation Services 59,085 59,085 51,299 7,786 Economic Development 295,584 298,160 220,855 77,305 Subtotal Community Development 2,414,939 2,593,187 2,339,296 253,891 Parks and recreation Diamond Bar Center 1,372,742 1,403,186 1,219,987 183,199 Recreation Services 2,048,672 2,042,202 1,801,582 240,620 Subtotal Parks and recreation 3,421,414 3,445,388 3,021,569 423,819 Public works Public Works 724,771 703,201 615,174 88,027 Engineering 1,151,845 1,195,978 671,282 524,696 Road Maintenance 1,691,042 1,758,948 1,583,343 175,605 Landscape Maintenance 304,313 347,713 342,761 4,952 Parks & Facilities Maintenance 1,447,956 1,483,344 1,355,334 128,010 Subtotal Public works 5,319,927 5,489,184 4,567,894 921,290 Capital Outlay 122,300 217,453 18,770 198,683 Transfers Out 5,231,852 5,833,920 4,056,356 1,777,564 Total Charges to Appropriations 30,284,611 32,614,823 28,013,599 4,601,224 Budgetary Fund Balance, June 30 19,278,102$ 17,570,726$ 23,109,377$ 5,538,651$ See Notes to Required Supplementary Information.57 CITY OF DIAMOND BAR BUDGETARY COMPARISON SCHEDULE TRAFFIC IMPROVEMENT FUND YEAR ENDED JUNE 30, 2019 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 483,646$ 483,646$ 483,646$ -$ Resources (Inflows): Licenses and permits - - 6,558,981 6,558,981 Use of money and property 8,000 8,000 29,374 21,374 Amounts Available for Appropriations 491,646 491,646 7,072,001 6,580,355 Charges to Appropriation (Outflow): Transfers out 254,460 158,067 37,674 120,393 Total Charges to Appropriations 254,460 158,067 37,674 120,393 Budgetary Fund Balance, June 30 237,186$ 333,579$ 7,034,327$ 6,700,748$ See Notes to Required Supplementary Information.58 CITY OF DIAMOND BAR MISCELLANEOUS RATE PLAN SCHEDULE OF PROPORTIONATE SHARE OF THE NET PENSION LIABILITY AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1) 2015 2016 2017 2018 2019 Proportion of the Net Pension Liability 0.05155% 0.04862% 0.05325%0.05584% 0.05629% Proportionate Share of the Net Pension Liability 3,207,669$ 3,337,560$ 4,607,967$ 5,537,585$ 5,424,380$ Covered Payroll 4,376,117$ 4,650,369$ 4,551,711$ 4,680,371$ 5,088,134$ Proportionate Share of the Net Pension Liability as Percentage of Covered Payroll 73.30% 71.77% 101.24% 118.32% 106.61% Plan Fiduciary Net Position as a Percentage of the Total Pension Liability 79.82%78.40%74.06% 73.31% 75.26% Notes to Schedule: Changes of Assumptions: In 2018, demographic assumptions and inflation rate were changed in accordance to the CalPERS Experience Study and Review of Actuarial Assumptions December 2017. There were no changes in the discount rate. (1) Historical information is required only for measurement years for which GASB 68 is applicable. Fiscal Year 2015 was the first year of implementation, therefore only five years are shown. See Notes to Required Supplementary Information.59 CITY OF DIAMOND BAR MISCELLANEOUS RATE PLAN SCHEDULE OF PLAN CONTRIBUTIONS - PENSION AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1) 2015 2016 2017 2018 2019 Actuarially Determined Contribution 403,553$ 460,471$ 386,806$ 418,739$ 710,349$ Contribution in Relation to the Actuarially Determined Contribution (403,553) (587,684) (542,557) (618,219) (710,349) Contribution Deficiency (Excess)-$ (127,213)$ (155,751)$ (199,480)$ -$ Covered Payroll 4,650,369$ 4,551,711$ 4,680,371$ 5,088,134$ 5,077,171$ Contributions as a Percentage of Covered Payroll 8.68%12.91%11.59%12.15%13.99% Note to Schedule: Valuation Date:June 30, 2016 Methods and assumptions used to determine contribution rates: Actuarial Cost Method Entry Age Normal Cost Method Discount Rate 7.38% Inflation 2.75% Salary Increases Mortality Rate Table Derived using CalPERS' Membership Data for all Funds Post Retirement Benefit Increase Varies by Entry Age and Service Contract COLA up to 2.75% until Purchasing Power Protection Allowance Floor on Purchasing Power applies, 2.75% thereafter (1) Historical information is required only for measurement years for which GASB 68 is applicable. Fiscal Year 2015 was the first year of implementation, therefore only five years are shown. See Notes to Required Supplementary Information.60 CITY OF DIAMOND BAR SCHEDULE OF CHANGES IN THE NET OPEB LIABILITY AND RELATED RATIOS AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1) 2018 2019 Total OPEB Liability Service cost 55,838$ 57,513$ Interest on the total OPEB liability 41,616 46,352 Benefit payments (17,988) (19,058) Net change in total OPEB liability 79,466 84,807 Total OPEB liability - beginning 702,459 781,925 Total OPEB liability - ending (a)781,925 866,732 Plan Fiduciary Net Position Contribution - employer 102,579 106,186 Net investment income 7,102 18,278 Benefit payments (17,988) (19,058) Administrative expense (132) (209) Net change in plan fiduciary net position 91,561 105,197 Plan fiduciary net position - beginning 149,069 240,630 Plan fiduciary net position - ending (b)240,630$ 345,827$ Net OPEB Liability/(Assets) - ending (a) - (b)541,295$ 520,905$ Plan fiduciary net position as a percentage of the total OPEB liability 30.77%39.90% Covered-employee payroll 5,163,684$ 5,077,171$ Net OPEB liability as a percentage of covered-employee payroll 10.48%10.26% Notes to Schedule: There were no changes of assumptions. Changes in assumptions: (1)Historical information is required only for the measurement periods for which GASB 75 is applicable. Fiscal Year 2018 was the first year of implementation. Future years' information will be displayed up to 10 years as information becomes available. See Notes to Required Supplementary Information.61 CITY OF DIAMOND BAR SCHEDULE OF CONTRIBUTIONS - OPEB AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1) 2018 2019 84,591$ 87,129$ (102,579) (106,186) (17,988)$ (19,057)$ 5,163,684$ 5,077,171$ 1.64%1.72% Notes to Schedule: N/A Methods and assumptions used to determine contributions: Actuarial Cost Method Entry Age Level Percent of Pay Cost Method Discount rate 6.00% Salary increases Investment rate of return Healthcare cost trend rates PEMHCA Minimum Increase Rate Retirement and termination Mortality Actuarially Determined Contribution Contribution in Relation to the Actuarially Determined Contributions Contribution Deficiency (Excess) Covered-employee payroll Contributions as a percentage of covered-employee payroll Pre-retirement mortality rates were based on the RP-2014 Employee Mortality Table for Males or Females,as appropriate,without projection. Post-retirement mortality rates were based on the RP-2014 Health Annuitant Mortality Table for Males or Females, as appropriate, without projection. (1)Historical information is required only for the measurement periods for which GASB 75 is applicable. Fiscal Year 2018 was the first year of implementation. Future years' information will be displayed up to 10 years as information becomes available. *Actuarial methods and assumptions used to set the actuarially determined contribution for Fiscal Year 2018 were from the June 30, 2017 actuarial valuation. 3.00% 6.00% for 2017; 5.00% for 2018 and later years Retirement and termination assumptions used were based on a review of plan experience and our best estimate of future plan experience. 6.00%, net of OPEB plan investment expense 3.90% for 2017; 3.50% for 2018 and later years See Notes to Required Supplementary Information.62 CITY OF DIAMOND BAR NOTES TO REQUIRED SUPPLEMENTARY INFORMATION YEAR ENDED JUNE 30, 2019 Note 1: Stewardship, Compliance and Accountability a. Budgetary Data General Budget Policies The City adopts an annual budget prepared on the modified accrual basis of accounting for its governmental funds and on the accrual basis of accounting for its proprietary funds. The City Manager or his designee is authorized to transfer budgeted amounts between the accounts of any department or funds that are approved by City Council. Prior year appropriations lapse unless they are approved for carryover into the following fiscal year. Expenditures may not legally exceed appropriations at the department level. Budget Basis of Accounting Budgets for governmental funds are adopted on a basis consistent with generally accepted accounting principles (GAAP). Deficit Fund Balances / Net Position The following funds had deficit fund balances as of June 30, 2019. These governmental funds’ deficits will be eliminated by future years’ revenues and transfers. Governmental Funds: MTA Grant Fund (52,623)$ Measure A Neighborhood Park Acts Fund (184,805) Compliance with Budgetary Limitations The Transportation Grant special revenue fund did not adopt budgets for the fiscal year ended June 30, 2019. Expenditures in Excess of Appropriations The following departments had expenditures in excess of appropriations within the General Fund as of June 30, 2019. Information Systems (12,634)$ 63 CITY OF DIAMOND BAR COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2019 Assets: Pooled cash and investments 132,791$ 551,277$ 1,123,604$ 363$ 1,176,505$ Receivables: Accounts - - - - 133,790 Notes and loans - - - - - Due from other governments - - - - - Restricted assets: Cash and investments with fiscal agents - - - - - Total Assets 132,791$ 551,277$ 1,123,604$ 363$ 1,310,295$ Liabilities and Fund Balances: Liabilities: Accounts payable -$ 81,242$ 43,259$ -$ 12,768$ Accrued liabilities - 2,390 1,351 - 4,698 Unearned revenues - - - - - Due to other governments - - - - - Due to other funds - - - - - Total Liabilities - 83,632 44,610 - 17,466 Deferred Inflows of Resources: Unavailable revenues - - - - - Total Deferred Inflows of Resources - - - - - Fund Balances: Restricted for: Community development projects - - - - 1,292,829 Public safety - - - - - Highways and streets 132,791 467,645 1,078,994 363 - Capital Projects - - - - - Debt service - - - - - Unassigned - - - - - Total Fund Balances 132,791 467,645 1,078,994 363 1,292,829 Total Liabilities and Fund Balances 132,791$ 551,277$ 1,123,604$ 363$ 1,310,295$ State Gas Tax Fund Proposition A Transit Fund Proposition C Transit Fund Transportation Grant Fund Integrated Waste Management Fund Special Revenue Funds 64 CITY OF DIAMOND BAR COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2019 Assets: Pooled cash and investments Receivables: Accounts Notes and loans Due from other governments Restricted assets: Cash and investments with fiscal agents Total Assets Liabilities and Fund Balances: Liabilities: Accounts payable Accrued liabilities Unearned revenues Due to other governments Due to other funds Total Liabilities Deferred Inflows of Resources: Unavailable revenues Total Deferred Inflows of Resources Fund Balances: Restricted for: Community development projects Public safety Highways and streets Capital Projects Debt service Unassigned Total Fund Balances Total Liabilities and Fund Balances (CONTINUED) 115,418$ 102,354$ 528,074$ 1,196,217$ -$ - - - - - - - - - - - 19,322 - 188,056 - - - - - - 115,418$ 121,676$ 528,074$ 1,384,273$ -$ -$ 19,819$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - 19,819 - - - - - - - - - - - - - - - - - - - - - - - 115,418 - - 1,384,273 - - 101,857 528,074 - - - - - - - - - - - - 115,418 101,857 528,074 1,384,273 - 115,418$ 121,676$ 528,074$ 1,384,273$ -$ Measure M Local Return Fund Road Maintenance & Rehab Trails & Bikeways Fund Sewer Mitigation Fund Air Quality Improvement Fund Special Revenue Funds 65 CITY OF DIAMOND BAR COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2019 Assets: Pooled cash and investments Receivables: Accounts Notes and loans Due from other governments Restricted assets: Cash and investments with fiscal agents Total Assets Liabilities and Fund Balances: Liabilities: Accounts payable Accrued liabilities Unearned revenues Due to other governments Due to other funds Total Liabilities Deferred Inflows of Resources: Unavailable revenues Total Deferred Inflows of Resources Fund Balances: Restricted for: Community development projects Public safety Highways and streets Capital Projects Debt service Unassigned Total Fund Balances Total Liabilities and Fund Balances -$ 56,172$ 22,418$ 419,564$ -$ - - - - - - - - - 440,886 53,999 - - 25,920 77,518 - - - - - 53,999$ 56,172$ 22,418$ 445,484$ 518,404$ -$ -$ 381$ -$ 42,213$ - - - - - - - - 64,756 - - - - - 440,886 53,999 - - - 35,305 53,999 - 381 64,756 518,404 52,623 - - - - 52,623 - - - - - 56,172 22,037 380,728 - - - - - - - - - - - - - - - - - - - - - (52,623) - - - - (52,623) 56,172 22,037 380,728 - 53,999$ 56,172$ 22,418$ 445,484$ 518,404$ Used Oil Block Grant Fund Park and Facility Development Fund CDBG Fund MTA Grant Fund Beverage Center Recycling Grant Fund Special Revenue Funds 66 CITY OF DIAMOND BAR COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2019 Assets: Pooled cash and investments Receivables: Accounts Notes and loans Due from other governments Restricted assets: Cash and investments with fiscal agents Total Assets Liabilities and Fund Balances: Liabilities: Accounts payable Accrued liabilities Unearned revenues Due to other governments Due to other funds Total Liabilities Deferred Inflows of Resources: Unavailable revenues Total Deferred Inflows of Resources Fund Balances: Restricted for: Community development projects Public safety Highways and streets Capital Projects Debt service Unassigned Total Fund Balances Total Liabilities and Fund Balances (CONTINUED) 272,257$ 14,591$ 190,389$ 148,436$ 348,449$ - - - - 22,813 - - - - - 55,948 - 11,271 - - - - - - - 328,205$ 14,591$ 201,660$ 148,436$ 371,262$ -$ -$ 175,196$ -$ -$ - - 1,271 - - - - - - - - - - - - - - - - - - - 176,467 - - 55,948 - - - - 55,948 - - - - - - - - 371,262 272,257 14,591 - - - - - - 148,436 - - - 25,193 - - - - - - - - - - - - 272,257 14,591 25,193 148,436 371,262 328,205$ 14,591$ 201,660$ 148,436$ 371,262$ Landscape Maintenance District Fund Measure R Local Return Fund PEG Fees Fund COPS Fund CLEEP Fund Special Revenue Funds 67 CITY OF DIAMOND BAR COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2019 Assets: Pooled cash and investments Receivables: Accounts Notes and loans Due from other governments Restricted assets: Cash and investments with fiscal agents Total Assets Liabilities and Fund Balances: Liabilities: Accounts payable Accrued liabilities Unearned revenues Due to other governments Due to other funds Total Liabilities Deferred Inflows of Resources: Unavailable revenues Total Deferred Inflows of Resources Fund Balances: Restricted for: Community development projects Public safety Highways and streets Capital Projects Debt service Unassigned Total Fund Balances Total Liabilities and Fund Balances Debt Service Funds Total Governmental Funds -$ 14,288$ -$ 326,365$ -$ 6,739,532$ 33,152 - - - - 189,755 - - - - - 440,886 - - 184,805 - - 616,839 - - - - 361 361 33,152$ 14,288$ 184,805$ 326,365$ 361$ 7,987,373$ -$ -$ -$ -$ -$ 374,878$ - 236 - - - 9,946 - - - - - 64,756 - - - - - 440,886 - - 184,805 - - 274,109 - 236 184,805 - - 1,164,575 - - 184,805 - - 293,376 - - 184,805 - - 293,376 - 14,052 - - - 2,137,080 - - - - - 286,848 33,152 - - 326,365 - 3,687,437 - - - - - 655,124 - - - - 361 361 - - (184,805) - - (237,428) 33,152 14,052 (184,805) 326,365 361 6,529,422 33,152$ 14,288$ 184,805$ 326,365$ 361$ 7,987,373$ Public Financing Authority CASP Fees (SB1186) Measure A Neighborhood Park Acts Fund Street Beautification Waste Hauler Fund Special Revenue Funds 68 THIS PAGE INTENTIONALLY LEFT BLANK 69 CITY OF DIAMOND BAR COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS YEAR ENDED JUNE 30, 2019 Revenues: Taxes -$ -$ -$ -$ -$ Licenses and permits - - - - - Intergovernmental 1,168,800 1,145,663 950,295 - - Charges for services - 639,779 - - 548,724 Use of money and property 3,119 28,752 18,330 - - Total Revenues 1,171,919 1,814,194 968,625 - 548,724 Expenditures: Current: General government - 1,200,000 - - - Public safety - - - - - Community development - - - - 450,319 Parks and recreation - 54,366 - - - Public works - 1,092,835 277,594 - - Capital outlay - 1,412 - - - Debt service: Principal retirement - - - - - Interest and fiscal charges - - - - - Total Expenditures - 2,348,613 277,594 - 450,319 Excess (Deficiency) of Revenues Over (Under) Expenditures 1,171,919 (534,419) 691,031 - 98,405 Other Financing Sources (Uses): Transfers in - - - - - Transfers out (1,111,350) (71,236) (341,316) - (10,000) Total Other Financing Sources (Uses) (1,111,350) (71,236) (341,316) - (10,000) Net Change in Fund Balances 60,569 (605,655) 349,715 - 88,405 Fund Balances, Beginning of Year 72,222 1,073,300 729,279 363 1,204,424 Fund Balances, End of Year 132,791$ 467,645$ 1,078,994$ 363$ 1,292,829$ Special Revenue Funds State Gas Tax Fund Proposition A Transit Fund Proposition C Transit Fund Transportation Grant Fund Integrated Waste Management Fund 70 CITY OF DIAMOND BAR COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS YEAR ENDED JUNE 30, 2019 Revenues: Taxes Licenses and permits Intergovernmental Charges for services Use of money and property Total Revenues Expenditures: Current: General government Public safety Community development Parks and recreation Public works 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 Total Other Financing Sources (Uses) Net Change in Fund Balances Fund Balances, Beginning of Year Fund Balances, End of Year (CONTINUED) -$ -$ -$ -$ -$ - - - - - - 74,529 802,895 1,053,713 23,631 - - - - - 2,426 1,685 8,944 16,192 - 2,426 76,214 811,839 1,069,905 23,631 - - - - - - - - - - - 10,090 - - - - - - - - - - - - - - 54,292 - - - - - - - - - - - - - - 64,382 - - - 2,426 11,832 811,839 1,069,905 23,631 - - - - - - (49,265) (501,186) (20,768) (23,631) - (49,265) (501,186) (20,768) (23,631) 2,426 (37,433) 310,653 1,049,137 - 112,992 139,290 217,421 335,136 - 115,418$ 101,857$ 528,074$ 1,384,273$ -$ Special Revenue Funds Sewer Mitigation Fund Air Quality Improvement Fund Measure M Local Return Fund Road Maintenance & Rehab Trails & Bikeways Fund 71 CITY OF DIAMOND BAR COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS YEAR ENDED JUNE 30, 2019 Revenues: Taxes Licenses and permits Intergovernmental Charges for services Use of money and property Total Revenues Expenditures: Current: General government Public safety Community development Parks and recreation Public works 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 Total Other Financing Sources (Uses) Net Change in Fund Balances Fund Balances, Beginning of Year Fund Balances, End of Year -$ -$ -$ -$ -$ - - - 48,228 - 61,352 14,462 15,798 49,999 419,173 - - - - - - 1,035 336 9,064 - 61,352 15,497 16,134 107,291 419,173 - - - - - - - - - - - 12,589 10,583 - 77,243 - - - - - - - - - - - - - - - - - - - - - - - - - - 12,589 10,583 - 77,243 61,352 2,908 5,551 107,291 341,930 - - - - - (113,975) - - (54,237) (340,611) (113,975) - - (54,237) (340,611) (52,623) 2,908 5,551 53,054 1,319 - 53,264 16,486 327,674 (1,319) (52,623)$ 56,172$ 22,037$ 380,728$ -$ Special Revenue Funds MTA Grant Fund Beverage Center Recycling Grant Fund Used Oil Block Grant Fund Park and Facility Development Fund CDBG Fund 72 CITY OF DIAMOND BAR COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS YEAR ENDED JUNE 30, 2019 Revenues: Taxes Licenses and permits Intergovernmental Charges for services Use of money and property Total Revenues Expenditures: Current: General government Public safety Community development Parks and recreation Public works 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 Total Other Financing Sources (Uses) Net Change in Fund Balances Fund Balances, Beginning of Year Fund Balances, End of Year (CONTINUED) -$ -$ 688,258$ -$ 94,955$ - - - - - 148,747 - - 712,926 - - - - - - 6,073 307 - 3,605 6,758 154,820 307 688,258 716,531 101,713 - - - - - 4,800 - - - - - - - - - - - - - - - - 943,656 - - - - - - 29,753 - - - - - - - - - - 4,800 - 943,656 - 29,753 150,020 307 (255,398) 716,531 71,960 - - 280,591 - - (99,231) - - (631,488) - (99,231) - 280,591 (631,488) - 50,789 307 25,193 85,043 71,960 221,468 14,284 - 63,393 299,302 272,257$ 14,591$ 25,193$ 148,436$ 371,262$ Special Revenue Funds COPS Fund CLEEP Fund Landscape Maintenance District Fund Measure R Local Return Fund PEG Fees Fund 73 CITY OF DIAMOND BAR COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS YEAR ENDED JUNE 30, 2019 Revenues: Taxes Licenses and permits Intergovernmental Charges for services Use of money and property Total Revenues Expenditures: Current: General government Public safety Community development Parks and recreation Public works 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 Total Other Financing Sources (Uses) Net Change in Fund Balances Fund Balances, Beginning of Year Fund Balances, End of Year Debt Service Funds Total Governmental Funds -$ -$ -$ -$ -$ 783,213$ 132,607 7,769 - - - 188,604 - - - - - 6,641,983 - - - - - 1,188,503 1,045 218 - 7,926 411 116,226 133,652 7,987 - 7,926 411 8,918,529 - - - - - 1,200,000 - - - - - 4,800 - - - - - 560,824 - - - - - 54,366 - - - - - 2,314,085 - - - - - 85,457 - - - - 440,000 440,000 - - - - 418,191 418,191 - - - - 858,191 5,077,723 133,652 7,987 - 7,926 (857,780) 3,840,806 - - - - 857,942 1,138,533 (180,225) - (184,805) - - (3,733,324) (180,225) - (184,805) - 857,942 (2,594,791) (46,573) 7,987 (184,805) 7,926 162 1,246,015 79,725 6,065 - 318,439 199 5,283,407 33,152$ 14,052$ (184,805)$ 326,365$ 361$ 6,529,422$ Special Revenue Funds Waste Hauler Fund CASP Fees (SB1186) Measure A Neighborhood Park Acts Fund Street Beautification Public Financing Authority 74 CITY OF DIAMOND BAR BUDGETARY COMPARISON SCHEDULE STATE GAS TAX FUND YEAR ENDED JUNE 30, 2019 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 72,222$ 72,222$ 72,222$ -$ Resources (Inflows): Intergovernmental 1,441,273 1,214,844 1,168,800 (46,044) Use of money and property 2,500 2,500 3,119 619 Amounts Available for Appropriations 1,515,995 1,289,566 1,244,141 (45,425) Charges to Appropriation (Outflow): Transfers out 1,521,595 1,289,566 1,111,350 178,216 Total Charges to Appropriations 1,521,595 1,289,566 1,111,350 178,216 Budgetary Fund Balance, June 30 (5,600)$ -$ 132,791$ 132,791$ 75 CITY OF DIAMOND BAR BUDGETARY COMPARISON SCHEDULE PROPOSITION A TRANSIT FUND YEAR ENDED JUNE 30, 2019 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 1,073,300$ 1,073,300$ 1,073,300$ -$ Resources (Inflows): Intergovernmental 1,116,939 1,116,939 1,145,663 28,724 Charges for services 925,000 925,000 639,779 (285,221) Use of money and property 10,000 10,000 28,752 18,752 Amounts Available for Appropriations 3,125,239 3,125,239 2,887,494 (237,745) Charges to Appropriation (Outflow): General government 1,200,000 1,200,000 1,200,000 - Parks and recreation 78,750 70,250 54,366 15,884 Public works 1,361,252 1,461,252 1,092,835 368,417 Capital outlay 17,000 17,000 1,412 15,588 Transfers out 331,200 311,722 71,236 240,486 Total Charges to Appropriations 2,988,202 3,060,224 2,419,849 640,375 Budgetary Fund Balance, June 30 137,037$ 65,015$ 467,645$ 402,630$ 76 CITY OF DIAMOND BAR BUDGETARY COMPARISON SCHEDULE PROPOSITION C TRANSIT FUND YEAR ENDED JUNE 30, 2019 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 729,279$ 729,279$ 729,279$ -$ Resources (Inflows): Intergovernmental 926,471 926,471 950,295 23,824 Use of money and property 10,500 10,500 18,330 7,830 Amounts Available for Appropriations 1,666,250 1,666,250 1,697,904 31,654 Charges to Appropriation (Outflow): Public works 562,141 462,141 277,594 184,547 Transfers out 864,319 829,495 341,316 488,179 Total Charges to Appropriations 1,426,460 1,291,636 618,910 672,726 Budgetary Fund Balance, June 30 239,790$ 374,614$ 1,078,994$ 704,380$ 77 CITY OF DIAMOND BAR BUDGETARY COMPARISON SCHEDULE INTEGRATED WASTE MANAGEMENT FUND YEAR ENDED JUNE 30, 2019 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 1,204,424$ 1,204,424$ 1,204,424$ -$ Resources (Inflows): Charges for services 547,000 547,000 548,724 1,724 Miscellaneous 92,000 17,000 - (17,000) Amounts Available for Appropriations 1,843,424 1,768,424 1,753,148 (15,276) Charges to Appropriation (Outflow): Community development 526,706 486,091 450,319 35,772 Capital outlay 40,000 30,000 - 30,000 Transfers out 10,000 10,000 10,000 - Total Charges to Appropriations 576,706 526,091 460,319 65,772 Budgetary Fund Balance, June 30 1,266,718$ 1,242,333$ 1,292,829$ 50,496$ 78 CITY OF DIAMOND BAR BUDGETARY COMPARISON SCHEDULE SEWER MITIGATION FUND YEAR ENDED JUNE 30, 2019 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 112,992$ 112,992$ 112,992$ -$ Resources (Inflows): Use of money and property 1,000 2,000 2,426 426 Amounts Available for Appropriations 113,992 114,992 115,418 426 Charges to Appropriation (Outflow): Transfers out 64,551 64,551 - 64,551 Total Charges to Appropriations 64,551 64,551 - 64,551 Budgetary Fund Balance, June 30 49,441$ 50,441$ 115,418$ 64,977$ 79 CITY OF DIAMOND BAR BUDGETARY COMPARISON SCHEDULE AIR QUALITY IMPROVEMENT FUND YEAR ENDED JUNE 30, 2019 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 139,290$ 139,290$ 139,290$ -$ Resources (Inflows): Intergovernmental 70,000 70,000 74,529 4,529 Use of money and property 3,000 3,000 1,685 (1,315) Amounts Available for Appropriations 212,290 212,290 215,504 3,214 Charges to Appropriation (Outflow): Community development 68,545 68,545 10,090 58,455 Capital outlay 35,000 56,000 54,292 1,708 Transfers out 74,195 74,195 49,265 24,930 Total Charges to Appropriations 177,740 198,740 113,647 85,093 Budgetary Fund Balance, June 30 34,550$ 13,550$ 101,857$ 88,307$ 80 CITY OF DIAMOND BAR BUDGETARY COMPARISON SCHEDULE MEASURE M LOCAL RETURN FUND YEAR ENDED JUNE 30, 2019 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 217,421$ 217,421$ 217,421$ -$ Resources (Inflows): Intergovernmental 787,501 787,501 802,895 15,394 Use of money and property 1,000 7,000 8,944 1,944 Amounts Available for Appropriations 1,005,922 1,011,922 1,029,260 17,338 Charges to Appropriation (Outflow): Transfers out 937,691 977,850 501,186 476,664 Total Charges to Appropriations 937,691 977,850 501,186 476,664 Budgetary Fund Balance, June 30 68,231$ 34,072$ 528,074$ 494,002$ 81 CITY OF DIAMOND BAR BUDGETARY COMPARISON SCHEDULE ROAD MAINTENANCE & REHAB YEAR ENDED JUNE 30, 2019 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 335,136$ 335,136$ 335,136$ -$ Resources (Inflows): Intergovernmental 947,641 911,144 1,053,713 142,569 Use of money and property 5,000 7,500 16,192 8,692 Amounts Available for Appropriations 1,287,777 1,253,780 1,405,041 151,261 Charges to Appropriation (Outflow): Transfers out 1,200,282 1,276,811 20,768 1,256,043 Total Charges to Appropriations 1,200,282 1,276,811 20,768 1,256,043 Budgetary Fund Balance, June 30 87,495$ (23,031)$ 1,384,273$ 1,407,304$ 82 CITY OF DIAMOND BAR BUDGETARY COMPARISON SCHEDULE TRAILS & BIKEWAYS FUND YEAR ENDED JUNE 30, 2019 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 -$ -$ -$ -$ Resources (Inflows): Intergovernmental 157,338 157,338 23,631 (133,707) Amounts Available for Appropriations 157,338 157,338 23,631 (133,707) Charges to Appropriation (Outflow): Transfers out 157,338 132,337 23,631 108,706 Total Charges to Appropriations 157,338 132,337 23,631 108,706 Budgetary Fund Balance, June 30 -$ 25,001$ -$ (25,001)$ 83 CITY OF DIAMOND BAR BUDGETARY COMPARISON SCHEDULE MTA GRANT FUND YEAR ENDED JUNE 30, 2019 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 -$ -$ -$ -$ Resources (Inflows): Intergovernmental 1,278,800 1,278,800 61,352 (1,217,448) Amounts Available for Appropriations 1,278,800 1,278,800 61,352 (1,217,448) Charges to Appropriation (Outflow): Transfers out 1,278,800 1,289,418 113,975 1,175,443 Total Charges to Appropriations 1,278,800 1,289,418 113,975 1,175,443 Budgetary Fund Balance, June 30 -$ (10,618)$ (52,623)$ (42,005)$ 84 CITY OF DIAMOND BAR BUDGETARY COMPARISON SCHEDULE BEVERAGE CENTER RECYCLING GRANT FUND YEAR ENDED JUNE 30, 2019 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 53,264$ 53,264$ 53,264$ -$ Resources (Inflows): Intergovernmental 14,409 14,409 14,462 53 Use of money and property 600 600 1,035 435 Amounts Available for Appropriations 68,273 68,273 68,761 488 Charges to Appropriation (Outflow): Community development 14,410 14,410 12,589 1,821 Total Charges to Appropriations 14,410 14,410 12,589 1,821 Budgetary Fund Balance, June 30 53,863$ 53,863$ 56,172$ 2,309$ 85 CITY OF DIAMOND BAR BUDGETARY COMPARISON SCHEDULE USED OIL BLOCK GRANT FUND YEAR ENDED JUNE 30, 2019 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 16,486$ 16,486$ 16,486$ -$ Resources (Inflows): Intergovernmental 15,700 15,700 15,798 98 Use of money and property 300 300 336 36 Amounts Available for Appropriations 32,486 32,486 32,620 134 Charges to Appropriation (Outflow): Community development 15,700 15,700 10,583 5,117 Total Charges to Appropriations 15,700 15,700 10,583 5,117 Budgetary Fund Balance, June 30 16,786$ 16,786$ 22,037$ 5,251$ 86 CITY OF DIAMOND BAR BUDGETARY COMPARISON SCHEDULE PARK AND FACILITY DEVELOPMENT FUND YEAR ENDED JUNE 30, 2019 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 327,674$ 327,674$ 327,674$ -$ Resources (Inflows): Licenses and permits - - 48,228 48,228 Intergovernmental 50,000 50,000 49,999 (1) Use of money and property 4,000 6,000 9,064 3,064 Amounts Available for Appropriations 381,674 383,674 434,965 51,291 Charges to Appropriation (Outflow): Transfers out 298,801 333,015 54,237 278,778 Total Charges to Appropriations 298,801 333,015 54,237 278,778 Budgetary Fund Balance, June 30 82,873$ 50,659$ 380,728$ 330,069$ 87 CITY OF DIAMOND BAR BUDGETARY COMPARISON SCHEDULE COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG FUND) YEAR ENDED JUNE 30, 2019 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 (1,319)$ (1,319)$ (1,319)$ -$ Resources (Inflows): Intergovernmental 468,734 485,075 419,173 (65,902) Amounts Available for Appropriations 467,415 483,756 417,854 (65,902) Charges to Appropriation (Outflow): Community development 130,044 130,044 77,243 52,801 Transfers out 338,690 343,732 340,611 3,121 Total Charges to Appropriations 468,734 473,776 417,854 55,922 Budgetary Fund Balance, June 30 (1,319)$ 9,980$ -$ (9,980)$ 88 CITY OF DIAMOND BAR BUDGETARY COMPARISON SCHEDULE CITIZENS OPTION FOR PUBLIC SAFETY (COPS) FUND YEAR ENDED JUNE 30, 2019 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 221,468$ 221,468$ 221,468$ -$ Resources (Inflows): Intergovernmental 100,000 100,000 148,747 48,747 Use of money and property 3,000 4,500 6,073 1,573 Amounts Available for Appropriations 324,468 325,968 376,288 50,320 Charges to Appropriation (Outflow): Public safety 20,000 20,000 4,800 15,200 Transfers out 110,226 110,226 99,231 10,995 Total Charges to Appropriations 130,226 130,226 104,031 26,195 Budgetary Fund Balance, June 30 194,242$ 195,742$ 272,257$ 76,515$ 89 CITY OF DIAMOND BAR BUDGETARY COMPARISON SCHEDULE CALIFORNIA LAW ENFORCEMENT EQUIPMENT PROGRAM (CLEEP) FUND YEAR ENDED JUNE 30, 2019 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 14,284$ 14,284$ 14,284$ -$ Resources (Inflows): Use of money and property 250 250 307 57 Amounts Available for Appropriations 14,534 14,534 14,591 57 Charges to Appropriation (Outflow): Public safety 10,000 10,000 - 10,000 Total Charges to Appropriations 10,000 10,000 - 10,000 Budgetary Fund Balance, June 30 4,534$ 4,534$ 14,591$ 10,057$ 90 CITY OF DIAMOND BAR BUDGETARY COMPARISON SCHEDULE LANDSCAPE MAINTENANCE DISTRICT FUND YEAR ENDED JUNE 30, 2019 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 -$ -$ -$ -$ Resources (Inflows): Taxes 568,934 691,091 688,258 (2,833) Transfers in 346,983 560,912 280,591 (280,321) Amounts Available for Appropriations 915,917 1,252,003 968,849 (283,154) Charges to Appropriation (Outflow): Public works 1,182,072 1,252,003 943,656 308,347 Total Charges to Appropriations 1,182,072 1,252,003 943,656 308,347 Budgetary Fund Balance, June 30 (266,155)$ -$ 25,193$ 25,193$ 91 CITY OF DIAMOND BAR BUDGETARY COMPARISON SCHEDULE MEASURE R LOCAL RETURN FUND YEAR ENDED JUNE 30, 2019 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 63,393$ 63,393$ 63,393$ -$ Resources (Inflows): Intergovernmental 694,868 694,868 712,926 18,058 Use of money and property 4,500 4,500 3,605 (895) Amounts Available for Appropriations 762,761 762,761 779,924 17,163 Charges to Appropriation (Outflow): Transfers out 844,868 769,535 631,488 138,047 Total Charges to Appropriations 844,868 769,535 631,488 138,047 Budgetary Fund Balance, June 30 (82,107)$ (6,774)$ 148,436$ 155,210$ 92 CITY OF DIAMOND BAR BUDGETARY COMPARISON SCHEDULE PEG FEES FUND YEAR ENDED JUNE 30, 2019 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 299,302$ 299,302$ 299,302$ -$ Resources (Inflows): Taxes 100,000 100,000 94,955 (5,045) Use of money and property 4,000 4,000 6,758 2,758 Amounts Available for Appropriations 403,302 403,302 401,015 (2,287) Charges to Appropriation (Outflow): Capital outlay 110,000 110,000 29,753 80,247 Total Charges to Appropriations 110,000 110,000 29,753 80,247 Budgetary Fund Balance, June 30 293,302$ 293,302$ 371,262$ 77,960$ 93 CITY OF DIAMOND BAR BUDGETARY COMPARISON SCHEDULE WASTE HAULER FUND YEAR ENDED JUNE 30, 2019 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 79,725$ 79,725$ 79,725$ -$ Resources (Inflows): Licenses and permits 130,000 130,000 132,607 2,607 Use of money and property 1,000 1,000 1,045 45 Amounts Available for Appropriations 210,725 210,725 213,377 2,652 Charges to Appropriation (Outflow): Transfers out 128,000 213,256 180,225 33,031 Total Charges to Appropriations 128,000 213,256 180,225 33,031 Budgetary Fund Balance, June 30 82,725$ (2,531)$ 33,152$ 35,683$ 94 CITY OF DIAMOND BAR BUDGETARY COMPARISON SCHEDULE CASP FEES (SB1186) YEAR ENDED JUNE 30, 2019 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 6,065$ 6,065$ 6,065$ -$ Resources (Inflows): Licenses and permits 8,000 8,000 7,769 (231) Use of money and property - - 218 218 Amounts Available for Appropriations 14,065 14,065 14,052 (13) Budgetary Fund Balance, June 30 14,065$ 14,065$ 14,052$ (13)$ 95 CITY OF DIAMOND BAR BUDGETARY COMPARISON SCHEDULE MEASURE A NEIGHBORHOOD PARKS ACTS FUND YEAR ENDED JUNE 30, 2019 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 -$ -$ -$ -$ Resources (Inflows): Intergovernmental 236,770 236,770 - (236,770) Amounts Available for Appropriations 236,770 236,770 - (236,770) Charges to Appropriation (Outflow): Transfers out 190,717 190,717 184,805 5,912 Total Charges to Appropriations 190,717 190,717 184,805 5,912 Budgetary Fund Balance, June 30 46,053$ 46,053$ (184,805)$ (230,858)$ 96 CITY OF DIAMOND BAR BUDGETARY COMPARISON SCHEDULE STREET BEAUTIFICATION FUND YEAR ENDED JUNE 30, 2019 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 318,439$ 318,439$ 318,439$ -$ Resources (Inflows): Licenses and permits - 70,000 - (70,000) Use of money and property - - 7,926 7,926 Amounts Available for Appropriations 318,439 388,439 326,365 (62,074) Budgetary Fund Balance, June 30 318,439$ 388,439$ 326,365$ (62,074)$ 97 CITY OF DIAMOND BAR BUDGETARY COMPARISON SCHEDULE CAPITAL IMPROVEMENT FUND YEAR ENDED JUNE 30, 2019 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 (48,299)$ (48,299)$ (48,299)$ -$ Resources (Inflows): Intergovernmental 302,713 608,743 197,883 (410,860) Miscellaneous 75,000 75,000 - (75,000) Transfers in 9,731,055 9,895,545 3,907,266 (5,988,279) Amounts Available for Appropriations 10,060,469 10,530,989 4,056,850 (6,474,139) Charges to Appropriation (Outflow): Public works - - 1,771,446 (1,771,446) Capital outlay 10,183,768 10,654,294 2,605,218 8,049,076 Total Charges to Appropriations 10,183,768 10,654,294 4,376,664 6,277,630 Budgetary Fund Balance, June 30 (123,299)$ (123,305)$ (319,814)$ (196,509)$ 98 CITY OF DIAMOND BAR BUDGETARY COMPARISON SCHEDULE PUBLIC FINANCING AUTHORITY YEAR ENDED JUNE 30, 2019 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 199$ 199$ 199$ -$ Resources (Inflows): Use of money and property - 100 411 311 Transfers in - 858,307 857,942 (365) Amounts Available for Appropriations 199 858,606 858,552 (54) Charges to Appropriation (Outflow): Debt service: Principal retirement - 440,000 440,000 - Interest and fiscal charges - 418,407 418,191 216 Total Charges to Appropriations - 858,407 858,191 216 Budgetary Fund Balance, June 30 199$ 199$ 361$ 162$ 99 CITY OF DIAMOND BAR COMBINING STATEMENT OF NET POSITION INTERNAL SERVICE FUNDS JUNE 30, 2019 Totals Assets: Current: Cash and investments 947,180$ 222,200$ 1,634,652$ 453,643$ 3,257,675$ Due from other governments 52,820 - - - 52,820 Total Current Assets 1,000,000 222,200 1,634,652 453,643 3,310,495 Noncurrent: Capital assets - net of accumulated depreciation - 175,784 467,364 - 643,148 Total Noncurrent Assets - 175,784 467,364 - 643,148 Total Assets 1,000,000$ 397,984$ 2,102,016$ 453,643$ 3,953,643$ Liabilities: Current: Accounts payable -$ 2,261$ 67,541$ 21,360$ 91,162$ . Total Current Liabilities - 2,261 67,541 21,360 91,162 Total Liabilities - 2,261 67,541 21,360 91,162 Net Position: Investment in capital assets - 175,784 467,364 - 643,148 Unrestricted 1,000,000 219,939 1,567,111 432,283 3,219,333 Total Net Position 1,000,000 395,723 2,034,475 432,283 3,862,481 1,000,000$ 397,984$ 2,102,016$ 453,643$ 3,953,643$ Governmental Activities - Internal Service Funds Self Insurance Fund Equipment Replacement Fund Computer Equipment Replacement Building Facility & Maintenance Liabilities and Net Position: Total Liabilities and Net Position 100 CITY OF DIAMOND BAR COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET POSITION INTERNAL SERVICE FUNDS YEAR ENDED JUNE 30, 2019 Totals Operating Expenses: Administration and general -$ 33,844$ -$ -$ 33,844$ Insurance premiums 412,308 - - - 412,308 Equipment repair and maintenance - 31,380 101,260 21,360 154,000 Depreciation expense - 77,229 122,326 - 199,555 Total Operating Expenses 412,308 142,453 223,586 21,360 799,707 Operating Income (Loss)(412,308) (142,453) (223,586) (21,360) (799,707) Nonoperating Revenues (Expenses): Interest revenue 11,873 5,456 9,539 9,536 36,404 Total Nonoperating Revenues (Expenses)11,873 5,456 9,539 9,536 36,404 Income (Loss) Before Transfers (400,435) (136,997) (214,047) (11,824) (763,303) Transfers in 400,435 - 1,464,768 - 1,865,203 Changes in Net Position - (136,997) 1,250,721 (11,824) 1,101,900 Net Position: Beginning of Year 1,000,000 532,720 783,754 444,107 2,760,581 End of Fiscal Year 1,000,000$ 395,723$ 2,034,475$ 432,283$ 3,862,481$ Computer Equipment Replacement Building Facility & Maintenance Governmental Activities - Internal Service Funds Self Insurance Fund Equipment Replacement Fund 101 CITY OF DIAMOND BAR COMBINING STATEMENT OF CASH FLOWS INTERNAL SERVICE FUNDS YEAR ENDED JUNE 30, 2019 Totals Cash Flows from Operating Activities: Insurance Premiums paid (412,308)$ -$ -$ -$ (412,308)$ Payments to suppliers - (65,646) (78,633) - (144,279) Cash received from others 26,438 - - - 26,438 Net Cash Provided (Used) by Operating Activities (385,870) (65,646) (78,633) - (530,149) Cash Flows from Non-Capital Financing Activities: Cash transfers in 400,435 - 1,464,768 - 1,865,203 Net Cash Provided (Used) by Non-Capital Financing Activities 400,435 - 1,464,768 - 1,865,203 Cash Flows from Capital and Related Financing Activities: Acquisition and construction of capital assets - (45,872) (238,750) - (284,622) Net Cash Provided (Used) by Capital and Related Financing Activities - (45,872) (238,750) - (284,622) Cash Flows from Investing Activities: Interest received 11,873 5,456 9,539 9,536 36,404 Net Cash Provided (Used) by Investing Activities 11,873 5,456 9,539 9,536 36,404 Net Increase (Decrease) in Cash and Cash Equivalents 26,438 (106,062) 1,156,924 9,536 1,086,836 Cash and Cash Equivalents at Beginning of Year 920,742 328,262 477,728 444,107 2,170,839 Cash and Cash Equivalents at End of Year 947,180$ 222,200$ 1,634,652$ 453,643$ 3,257,675$ Reconciliation of Operating Income to Net Cash Provided (Used) by Operating Activities: Operating income (loss)(412,308)$ (142,453)$ (223,586)$ (21,360)$ (799,707)$ Adjustments to reconcile operating income (loss) net cash provided (used) by operating activities: Depreciation - 77,229 122,326 - 199,555 (Increase) decrease in due from other governments 26,438 - - - 26,438 Increase (decrease) in accounts payable - (422) 22,627 21,360 43,565 Total Adjustments 26,438 76,807 144,953 21,360 269,558 Net Cash Provided (Used) by Operating Activities (385,870)$ (65,646)$ (78,633)$ -$ (530,149)$ Computer Equipment Replacement Fund Building Facility & Maintenance Fund Governmental Activities - Internal Service Funds Self Insurance Fund Equipment Replacement Fund 102 DESCRIPTION OF STATISTICAL SECTION CONTENTS June 30, 2019 This part of the City of Diamond Bar’s comprehensive annual financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information say about the government’s overall financial health. Contents: Schedules Financial Trends – These schedules contain trend information to help the reader understand how the city’s financial performance and well-being have changed over time. Revenue Capacity – These schedules contain information to help the reader assess the city’s most significant local revenue source, the property tax. Debt Capacity – These schedules present information to help the reader assess the affordability of the City’s current levels of outstanding debt and the City’s ability to issue additional debt in the future. Demographic and Economic Information – These schedules offer demographic and economic indicators to help the reader understand the environment within which the City’s financial activities take place. Operating Information – These schedules contain service and infrastructure data to help the reader understand how the information in the City’s financial report relates to the services the City provides and the activities it performs. 1 - 4 5 - 9 10 - 12 13 - 14 15 - 17 103 THIS PAGE INTENTIONALLY LEFT BLANK 104 Fiscal Year 2015 2016 2017 2018 2019 Governmental activities: Net investment in capital assets 368,779,901$ 363,216,277$ 358,765,476$ 354,824,312$ 350,017,830$ Restricted for: Capital projects 207,205 267,984 184,074 356,711 655,124 Community development 1,482,522 2,382,667 2,066,650 1,907,215 2,137,080 Public safety 171,928 193,941 243,642 235,752 286,848 Public works 3,862,123 4,465,023 3,095,734 3,268,495 10,721,764 Debt service 3 29 80 199 361 Unrestricted 20,659,058 22,742,992 23,047,078 21,270,741 21,083,148 Total governmental activities net position 395,162,740$ 393,268,913$ 387,402,734$ 381,863,425$ 384,902,155$ Fiscal Year 2010 2011 2012 2013 2014 Governmental activities: Net investment in capital assets 377,940,738$ 381,985,940$ 382,660,310$ 378,511,311$ 372,068,596$ Restricted for: Capital projects 2,260,872 146,567 163,603 165,587 135,914 Community development 725,667 1,644,861 958,293 1,084,434 1,174,082 Public safety 559,920 453,730 285,508 196,503 140,747 Public works - 3,636,487 3,504,339 3,964,252 4,015,113 Debt service 319,815 333,694 2 3 4 Unrestricted 34,215,610 22,582,318 18,288,491 18,508,423 20,894,700 Total governmental activities net position 416,022,622$ 410,783,597$ 405,860,546$ 402,430,513$ 398,429,156$ Source: City Finance Department Net Position by Component Last Ten Fiscal Years (accrual basis of accounting) City of Diamond Bar 105 2010 2011 2012 2013 2014 Expenses: Governmental Activities: General government 4,973,685$ 6,370,986$ 6,384,072$ 6,942,983$ 7,301,502$ Public safety 5,526,099 5,591,049 6,104,982 5,831,227 5,627,026 Public works 12,287,325 10,619,860 11,248,137 10,197,098 10,599,386 Community development 1,624,547 1,969,540 2,126,906 1,980,646 2,346,073 Parks and recreation 5,091,215 5,153,264 5,559,427 5,591,916 6,463,192 Interest on long-term debt 57,948 72,592 848,976 487,369 477,201 Contritution to OPEB Trust Total Primary Government 29,560,819 29,777,291 32,272,500 31,031,239 32,814,380 Program Revenues: Governmental Activities: Charges for services General Government 131,633 118,016 247,248 160,379 770,908 Public safety 605,262 558,544 491,831 502,948 559,008 Public works 2,070,167 2,400,272 2,555,900 2,604,053 2,671,741 Community development 430,081 955,380 1,006,971 1,196,806 1,413,094 Parks, recreation and culture 1,754,789 1,829,409 1,753,585 1,689,497 1,804,189 Operating grants and contributions 4,358,895 3,685,378 4,992,856 4,024,537 4,203,990 Capital grants and contributions 15,960,279 40,779 1,242,636 690,732 207,971 Total Governmental Activities Program Revenues 25,311,106 9,587,778 12,291,027 10,868,952 11,630,901 General Revenues: Taxes Property taxes 3,837,288 4,187,896 3,951,722 4,080,273 4,307,077 Transient occupancy taxes 569,916 642,509 692,162 782,952 851,249 Sales taxes 3,122,229 3,355,127 3,397,259 3,546,239 3,658,327 Franchise taxes 1,115,980 1,259,471 1,415,924 1,465,666 1,393,584 Other taxes 259,384 172,687 202,951 333,250 471,455 Unrestricted Motor vehicle in lieu 4,599,922 4,766,225 4,646,985 4,659,994 4,862,100 Use of money and property 618,963 474,598 145,408 6,307 256,758 Other revenues 7,090 91,975 46,342 533,475 52,891 Loss on disposal of capital asset -21,057 1,328,681 Total General Revenues 14,130,772 14,950,488 14,498,753 15,387,099 17,182,122 Change in Net Position 9,881,059 (5,239,025) (5,482,720) (4,775,188) (4,001,357) Net Position at Beginning of Year 407,026,659 416,022,622 410,783,597 405,860,546 402,430,513 Restatement of Net Position (885,096.00) 559,669 1,345,156 Net Position at End of Year 416,022,622$ 410,783,597$ 405,860,546$ 402,430,513$ 398,429,156$ Source: City Finance Department Changes in Net Position Last Ten Fiscal Years (accrual basis of accounting) Fiscal Year Ended June 30, City of Diamond Bar 106 2015 2016 2017 2018 2019 6,524,968$ 5,812,525$ 6,627,894$ 6,926,331$ 8,990,203$ 5,929,156 6,216,279 6,586,188 6,904,971 7,142,733 10,225,922 11,966,721 14,178,723 14,612,857 13,644,523 2,587,504 2,127,206 3,231,764 3,083,101 3,069,374 6,300,920 6,137,787 5,164,413 5,532,810 6,149,343 466,662 455,700 443,480 423,400 402,671 84,761 84,761 84,591 87,128 32,035,132 32,800,979 36,317,223 37,568,061 39,485,975 587,081 661,910 811,846 619,147 1,248,171 523,145 470,722 460,325 459,615 415,701 5,536,984 4,389,876 2,675,313 3,782,259 9,797,871 2,463,932 1,820,325 2,077,810 2,023,466 2,110,515 1,758,319 1,684,814 1,544,002 1,648,945 1,347,448 4,443,765 3,687,015 3,844,192 4,120,526 5,651,932 717,961 1,455,770 359,669 159,258 12,595 16,031,187 14,170,432 11,773,157 12,813,216 20,584,233 4,448,566 4,665,140 4,951,033 5,187,630 5,405,335 935,355 994,476 923,527 1,019,915 1,222,925 3,974,564 4,598,858 4,789,172 4,999,873 4,970,980 1,460,342 1,431,513 1,320,617 1,419,605 1,355,003 442,914 523,015 394,961 509,322 1,062,003 5,133,910 5,411,143 5,757,423 6,011,177 6,285,504 244,275 524,918 58,160 67,046 1,397,727 114,545 703,457 482,994 161,145 240,995 - - - - - 16,754,471 18,852,520 18,677,887 19,375,713 21,940,472 750,526 221,973 (5,866,179) (5,379,132) 3,038,730 398,429,156 395,162,740 393,268,913 387,402,734 381,863,425 (4,016,942) (2,115,800) (160,177) 395,162,740$ 393,268,913$ 387,402,734$ 381,863,425$ 384,902,155$ 107 General fund:2011 2012 2013 2014 2015 Nonspendable: Prepaid costs 41,451$ 28,114$ 26,331$ 62,752$ 75,887$ Committed to: Emergency contingencies 4,500,000 4,500,000 4,500,000 4,500,000 4,500,000 Unassigned 16,726,964 12,616,200 13,010,385 15,199,698 17,656,659 Total general fund 21,268,415 17,144,314 17,536,716 19,762,450 22,232,546 All other governmental funds: Restricted for: Comm development projects 1,644,861 958,293 1,085,184 1,174,082 1,482,522 Public safety 453,730 285,508 196,503 140,747 171,928 Highways and streets 3,271,595 3,170,407 3,964,252 4,015,113 3,862,123 Capital projects 146,567 164,867 165,587 135,914 207,205 Debt service 333,694 2 3 4 3 Assigned to: Capital Projects 2,730 Unassigned (3,466) (88,639) (71,561) Total all other governmental funds 5,850,447 4,579,077 5,410,793 5,377,221 5,652,220 Total fund balances 27,118,862 21,723,391 22,947,509 25,139,671 27,884,766 2010 General fund: Reserved 1,955,477$ Unreserved 28,841,621 Total general fund 30,797,098 All other governmental funds: Reserved 1,735,077 Unreserved, reported in: Special revenue funds 5,218,642 Debt Service Fund Capital projects funds (2,020,782) Total all other governmental funds 4,932,937 Total fund balances 35,730,035$ Note: The City implemented GASB 54, titled "Fund Balance Reporting and Governmental Fund Type Definitions" as of the fiscal year ended June 30, 2011. Source: City Finance Department City of Diamond Bar Fund Balances of Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) 108 2016 2017 2018 2019 75,866$ 42,108$ 8,230$ 26,203$ 4,500,000 4,500,000 4,500,000 4,500,000 19,350,943 20,379,854 19,440,147 18,583,174 23,926,809 24,921,962 23,948,377 23,109,377 2,382,667 2,066,650 1,907,215 2,137,080 193,941 243,642 235,752 286,848 3,541,041 3,095,514 3,268,495 10,721,764 267,984 184,074 356,711 655,124 29 80 199 361 18,047 (290,141) (49,618) (557,242) 6,403,709 5,299,819 5,718,754 13,243,935 30,330,518 30,221,781 29,667,131 36,353,312 109 2010 2011 2012 2013 2014 Revenues: Taxes 8,591,893$ 9,646,883$ 9,664,801$ 10,200,419$ 10,638,609$ Special assessments 556,989 556,562 547,209 550,609 549,402 Intergovernmental 11,478,456 9,441,959 11,053,326 10,427,352 10,281,985 Charges for services 3,191,416 3,390,367 3,190,675 3,238,165 3,321,883 Fines and forfeitures 607,936 567,575 509,166 522,142 582,844 Licenses and permits 640,287 818,913 1,127,569 1,238,626 1,542,765 Use of money and property 648,503 499,377 183,507 30,116 281,752 Other 30,766 113,578 54,634 551,710 85,558 Total revenues 25,746,246 25,035,214 26,330,887 26,759,139 27,284,798 Expenditures: Current: General government 4,435,858 4,977,021 5,485,001 4,214,834 5,115,321 Public safety 5,524,279 5,580,507 5,731,595 5,678,614 5,602,021 Public works 5,183,964 5,002,456 6,609,087 5,263,046 5,698,765 Parks, recreation and culture 3,655,029 3,712,194 4,090,551 4,050,161 4,406,954 Community development 1,604,220 1,960,125 2,114,433 2,010,040 2,225,647 Capital outlay 5,161,924 11,480,595 6,702,615 3,031,168 2,518,617 Debt service: Principal retirement 280,000 290,000 12,510,000 335,000 350,000 Interest and fiscal charges 33,904 37,461 406,626 502,291 492,159 Total expenditures 25,879,178 33,040,359 43,649,908 25,085,154 26,409,484 Excess (deficiency) of revenues over (under) expenditures (132,932) (8,005,145) (17,319,021) 1,673,985 875,314 Other financing sources (uses): Bond issued or refinancing 11,790,000 Bonds discount or premium 252,381 Transfers in 4,379,718 2,929,528 6,085,337 5,195,892 4,856,728 Transfers out (4,795,374) (3,535,556) (6,494,449) (5,690,201) (5,822,286) Proceeds from sale of capital asset 2,282,406 Total other financing sources (uses)(415,656) (606,028) 11,633,269 (494,309) 1,316,848 Net changes in fund balances (548,588)$ (8,611,173)$ (5,685,752)$ 1,179,676$ 2,192,162$ Debt service as a percentage of noncapital expenditures 1.35% 1.45% 35.00%3.49%3.35% Source: City Finance Department Changes in Fund Balances, Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) Fiscal Year Ended June 30, City of Diamond Bar 110 2015 2016 2017 2018 2019 10,730,234$ 12,930,081$ 12,698,595$ 13,031,475$ 13,233,033$ 672,492 781,232 769,014 788,971 783,213 11,185,489 10,384,417 11,668,517 11,753,427 14,013,870 3,344,356 3,101,103 2,899,321 2,972,508 2,540,344 523,145 470,722 460,325 459,615 415,701 5,474,765 4,121,387 2,355,980 3,128,048 9,337,213 273,656 563,300 28,478 39,014 1,361,323 136,786 716,914 561,288 189,350 278,317 32,340,923 33,069,156 31,441,518 32,362,408 41,963,014 5,040,491 5,177,288 5,560,482 5,956,082 8,078,152 5,914,404 6,201,985 6,576,954 6,898,325 7,136,362 5,216,083 5,531,705 8,964,282 9,298,972 8,653,425 4,225,938 4,232,431 2,723,558 2,893,702 3,075,935 2,540,430 2,313,053 2,985,973 2,874,443 2,900,120 4,646,891 5,598,997 3,041,443 3,230,907 2,709,445 365,000 385,000 400,000 420,000 440,000 481,656 470,741 459,191 439,191 418,191 28,430,893 29,911,200 30,711,883 32,011,622 33,411,630 3,910,030 3,157,956 729,635 350,786 8,551,384 7,084,629 7,287,721 6,395,368 6,758,082 5,962,151 (8,249,564) (7,999,925) (6,831,304) (7,663,738) (7,827,354) (1,164,935) (712,204) (435,936) (905,656) (1,865,203) 2,745,095$ 2,445,752$ 293,699$ (554,870)$ 6,686,181$ 3.48% 3.24% 3.08% 2.95%2.81% 111 Source: Los Angeles County Assessor Annual Tax Increment Tables. 112 Fiscal Year Less Total Taxable Total Ended Secured Unsecured Other Tax Assessed Direct June 30, Property Property Property Exemptions Value Tax Rate % Change 2009-10 7,071,193,381 90,528,493 0 66,422,679 7,095,299,195 0.0527 -1.48% 2010-11 7,183,008,793 81,410,401 0 70,706,628 7,193,712,566 0.0527 1.39% 2011-12 7,347,032,537 77,283,606 0 74,296,191 7,350,019,952 0.0527 2.17% 2012-13 7,471,528,800 76,724,231 0 78,856,697 7,469,396,334 0.0527 1.62% 2013-14 7,765,883,788 69,544,511 0 83,574,453 7,751,853,846 0.0526 3.78% 2014-15 8,201,610,010 70,524,426 0 83,189,280 8,188,945,156 0.0526 5.64% 2015-16 8,649,508,385 72,343,401 0 85,103,082 8,636,748,704 0.0526 5.47% 2016-17 9,175,049,277 74,892,798 0 62,484,967 9,187,457,108 0.0525 6.38% 2017-18 9,589,040,619 76,356,565 0 78,363,662 9,587,033,522 0.0525 4.35% 2018-19 10,037,428,342 83,787,675 0 90,713,106 10,030,502,911 0.0525 4.63% Note: Exempt values are not included in Total Net Taxable Values. The assessed valuation data shown above represents the only data currently available with respect to the actual market value of taxable property and is subject to the limitations described above. Source: HDL Coren & Cone and Los Angeles County Auditor/Controller-Property Tax Division. 2009/10 - 2018/19 Taxable Property Values (unaudited) City of Diamond Bar Assessed and Estimated Actual Values of Taxable Property Real Property 0 2,000,000,000 4,000,000,000 6,000,000,000 8,000,000,000 10,000,000,000 12,000,000,000 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19Millions Fiscal Year Net Assessed Value 113 Agency 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 Basic Levy*1.000 1.000 1.000 1.000 1.000 1.000 1.000 Metropolitan Water District 0.004 0.004 0.004 0.004 0.004 0.004 0.004 Mt. San Antonio College 0.026 0.026 0.026 0.029 0.020 0.021 0.022 Pomona Unified School Dist 0.145 0.177 0.174 0.185 0.164 0.166 0.154 Walnut Valley Unified School Dist 0.117 0.118 0.117 0.126 0.113 0.115 0.093 Total Direct & Overlapping Tax Rates 1.292 1.325 1.321 1.344 1.301 1.306 1.273 City's Share of 1% Levy Per Prop 13*0.0519 0.0519 0.0519 0.0519 0.0519 0.0519 0.0519 General Obiligation Debt Rate Redevelopment Rate* Total Direct Rate*0.0527 0.0527 0.0527 0.0527 0.0526 0.0526 0.0526 * In 1978, California voters passed Proposition 13 which sets the property tax rate at a 1.00% fixed amount. This 1.00% is shared by all taxing agencies for which the subject property resides within. In addition to the 1.00% fixed amount, property owners are charged taxes as a percentage of assessed property values for the payment of any voter approved bonds for the Pomona Unified School District or Walnut Valley Unified School Districts in Diamond Bar depending on which school district the property is located in. Overlapping rates are those of local and county governments that apply to property owners within the City. Not all overlapping rates apply to all city property owners. RDA rate is based on the largest RDA tax rate area(TRA) and includes only rate(s) from indebtedness adopted prior to 1989 per California State statute. RDA direct and overlapping rates are applied only to the incredmental property values. Total Direct Rate is the weighted average of all individual direct rates applied by the government preparing the statistical section information. Source: Hdl Coren & Cone City of Diamond Bar Direct and Overlapping Property Tax Rates (Rate per $100 of Assessed Value) 114 2016/17 2017/18 2018/19 1.000 1.000 1.000 0.004 0.004 0.004 0.024 0.024 0.024 0.144 0.173 0.169 0.066 0.074 0.106 1.238 1.275 1.303 0.0519 0.0519 0.0519 0.0525 0.0525 0.0525 City of Diamond Bar Direct and Overlapping Property Tax Rates (Rate per $100 of Assessed Value) 115 2018-19 Percentage of Total Current Taxpayers Assessed Valuation Net Assessed Valuation Roic Diamond Hills Plaza LLC 53,004,313$ 0.53% Tlus Sam Red HDB Owner LLC 49,016,396 0.49% BSP Senita Gateway Center LLC 45,777,600 0.46% Emerald Pointe Apartments LLC 40,117,913 0.40% Roic DBTC LLC 29,653,944 0.30% Target Corporation 28,892,996 0.29% Muller Rock 2 Gateway 28,286,305 0.28% Kaiser 28,242,093 0.28% 300 S. Diamond Bar Blvd LLC (pending)27,466,560 0.27% Bridgegate Drive Properties LLC 27,300,000 0.27% Top Ten Total 357,758,120$ 3.57% City Total 10,030,502,911$ 2009-10 Percentage of Total Taxpayers Nine Years Ago Assessed Valuation Net Assessed Valuation DB Gateway Corporate Inc 49,470,000$ 0.70% Country Hills Holdings LLC 45,676,620 0.64% Behringer Harvard Western Portfolio LP 41,546,291 0.59% CRP 2 Holdings CC LP 39,535,200 0.56% VIF II Hampton at Diamond Bar LLC 37,539,894 0.53% Target Corporation 28,424,081 0.40% Dorothy V. Cauffman Family LP 25,950,559 0.37% Muller Rock 2 Gateway 24,992,888 0.35% Danari Diamond Bar LLC 24,087,082 0.34% Gateway Corporate Center LP 18,227,808 0.26% Top Ten Total 335,450,423$ 4.73% City Total 7,095,299,195$ Source: Hdl Coren & Cone. City of Diamond Bar Top 10 Property Taxpayers Current Year and Nine Years Ago 116 Fiscal Year Taxes Levied Ended for the June 30 Fiscal Year Amount % to Levy Years % to Levy 2010 3,704,133 3,412,996 92.14% 291,137 7.86% 2011 3,750,806 3,505,792 93.47% 245,015 6.53% 2012 3,844,101 3,506,696 91.22% 337,405 8.78% 2013 3,908,533 3,778,461 96.67% 130,072 3.33% 2014 4,075,791 3,960,684 97.18% 115,107 2.82% 2015 4,326,040 4,189,390 96.84% 136,650 3.16% 2016 4,568,789 4,412,561 96.58% 156,228 3.42% 2017 4,842,897 4,643,891 95.89% 199,007 4.11% 2018 5,081,117 4,838,019 95.22% 243,098 4.78% 2019 5,313,057 5,131,554 96.58% 181,503 3.42% Source: Los Angeles County Auditor/Controller. City Finance Department City of Diamond Bar Property Tax Levies and Collections Last Ten Fiscal Years Fiscal Year of Levy Collected within the Collections in Subsequent (unaudited) 117 Fiscal Year Lease Unamortized Total Total % of Debt Ended Revenue Bond Premium Governmental Primary Personal Per June 30 Bonds (a) (Discount) Activities Government Income (b) Capita (b) 2010 12,480,000 (105,455) 12,374,545 12,374,545 0.66% 223 2011 12,190,000 (100,869) 12,089,131 12,089,131 0.62% 217 2012 11,470,000 243,853 11,713,853 11,713,853 0.63% 210 2013 11,135,000 229,727 11,364,727 11,364,727 0.57% 203 2014 10,785,000 215,601 11,000,601 11,000,601 0.55% 195 2015 10,420,000 201,475 10,621,475 10,621,475 0.55% 188 2016 10,035,000 187,349 10,222,349 10,222,349 0.53% 179 2017 9,635,000 173,223 9,808,223 9,808,223 0.50% 172 2018 9,215,000 159,097 9,374,097 9,374,097 0.48% 163 2019 8,775,000 144,971 8,919,971 8,919,971 0.43% 155 Note: (a) Details regarding the City's outstanding lease revenue bonds can be found in the notes to the financial statements. (b) Details regarding the City's population and personal income can be found in the Demographic and Economic Statistics Table. Source: City Finance Department Governmental Activities CITY OF DIAMOND BAR, CALIFORNIA Ratios of Outstanding Debt by Type Last Ten Fiscal Years (Unaudited) 118 Gross Bonded % Applicable Net Bonded Debt Balance To City (1) Debt Direct Debt Diamond Bar Lease Revenue Bond 8,775,000$ 100.000 8,775,000$ Net Unamortized Bond Premium 144,971$ 100.000 144,971$ 8,919,971 Overlapping Debts (2) 330.10 Metropolitan Water District 23,317,224 0.824 192,155 809.56 Mt San Antonio CCD DS 2008 Series 13A 200,306,691 10.859 21,751,171 809.57 Mt San Antonio CCD DS 2008 Series 2013B 6,215,000 10.859 674,883 809.58 Mt San Antonio CCD DS 2013 Series A 58,265,000 10.859 6,326,958 809.59 Mt San Antonio CCD DS 2013 Series B 32,415,000 10.859 3,519,923 809.60 Mt San Antonio CCD DS 2008 Series 2015C 32,515,000 10.859 3,530,782 809.61 Mt San Antonio CCD DS 2015 Ref Bonds 310,700,000 10.859 33,738,707 915.62 Pomona Unified School District 2000 Ser A 11,805,000 19.479 2,299,491 915.64 Pomona Unified SD Refunding 2001 Ser A 10,015,000 19.479 1,950,818 915.71 Pomona Unified School District 2008 Series A 1,255,000 19.479 244,461 915.72 Pomona USD DS 2008 Series B 2,305,000 19.479 448,990 915.73 Pomona USD 2008 Series C 38,835,000 19.479 7,564,653 915.74 Pomona USD DS 2012 Refunding Bond Series A 515,000 19.479 100,317 915.75 Pomona USD DS 2012 Refunding Bond Series B 20,030,000 19.479 3,901,635 915.76 Pomona USD DS 2008 Series D QSCBS 20,715,000 19.479 4,035,066 915.77 Pomona USD DS 2008 Series E 13,340,000 19.479 2,598,493 915.77 Pomona USD DS 2008 Series F 21,550,000 19.479 4,197,715 915.79 Pomona USD DS 2015 Ref Bonds 15,955,000 19.479 3,107,868 915.80 Pomona USD DS 2016 Ref Bond Series B 19,860,311 19.479 3,868,582 915.81 Pomona USD DS 2008 Ref Bond Series G 24,370,000 19.479 4,747,022 915.82 Pomona USD DS 2016 Ref Bonds 5,925,000 19.479 1,154,128 915.83 Pomona USD DS 2016 Series A 55,400,000 19.479 10,791,343 915.84 Pomona USD DS 2016 Series B 55,000,000 19.479 10,713,427 980.64 Walnut Valley Unified SD 2011 Refunding 21,396,993 59.613 12,755,348 980.65 Walnut Valley Unified SD 2007 Series B Meas. S 15,937,573 59.613 9,500,835 980.67 Walnut Valley Unified SD 2012 Ref Bonds 705,000 59.613 420,270 980.68 Walnut Valley USD 2007 Series C 15,000,000 59.613 8,941,921 980.69 Walnut Valley USD 2014 Ref Bonds Series A 3,260,000 59.613 1,943,378 980.70 Walnut Valley USD 2014 Ref Bonds Series B 3,875,000 59.613 2,309,996 980.71 Walnut Valley USD 2016 Ref Bonds 40,010,000 59.613 23,851,084 980.72 Walnut Valley USD 2016 Series A 43,765,000 59.613 26,089,545 Total Overlapping Debts:1,124,558,792 217,270,965 Grand Total Direct and Overlapping Debt:1,133,333,792$ 226,190,936$ Debt to Assessed Valuation Ratios: 2018/19 Net Assessed Valuation: $ 10,030,502.911 Direct Debt0.09%$155 Total City Population: 57,495 Overlapping Debt 2.17%$3,779 Total Debt 2.25%$3,934 Note: (1)Percentage of direct and overlapping agency's assessed valuation located within boundaries of the city. (2)The overlapping debt is the portion of a larger agency, and is responsible for debt in areas outside the city. Source: Hdl Coren & Cone U.S. Census Bureau City Finance Department (unaudited) CITY OF DIAMOND BAR, CALIFORNIA Direct and Overlapping Debt June 30, 2019 119 Gross Bonded % Applicable Net Bonded Debt Balance To City (1) Debt Direct Debt as of June 30, 2010 146.01 Diamond Bar Lease Revenue Bond 12,480,000$ 100.000 12,480,000$ Unamortized Discount (105,455)$ 100.000 (105,455)$ 12,374,545$ Overlapping Debts 330.10 Metropolitan Water District 121,475,156 0.823 999,455 809.50 Mt San Antomio CCD 2001 Series A 2,250,000 10.557 237,535 809.51 Mt San Antomio CCD 2004 Series B 9,870,000 10.557 1,041,988 809.52 Mt San Antomio CCD 2005 Refunding Bond 61,525,843 10.557 6,495,359 809.53 Mt San Antomio CCD 2001 Series C 2006 79,695,008 10.557 8,413,500 809.54 Mt San Antomio CCD 2001 Series D 2008 25,430,293 10.557 2,684,707 915.57 Pomona Unified AD Refund Series 1997 A 32,125,000 19.327 6,208,739 915.62 Pomona Unified SD 2000 Series A 17,600,000 19.327 3,401,519 915.64 Pomona Unified SD Ref 2001 Series A 18,375,000 19.327 3,551,302 915.65 Pomona Unified SD Ref 2002 Series A 8,165,000 19.327 1,578,034 915.66 Pomona Unified SD Ref 2002 Series B 12,655,000 19.327 2,445,808 915.67 Pomona Unified SD Ref 2002 Series C 13,195,000 19.327 2,550,173 915.68 Pomona Unified SD Ref 2002 Series D 13,500,000 19.327 2,609,120 915.69 Pomona Unified SD Ref 2002 Series E 12,280,000 19.327 2,373,333 915.70 Pomona Unified SD 2007 Ref Bonds 8,952,934 19.327 1,730,317 915.71 Pomona Unified SD 2008 Ref Bonds 35,000,000 19.327 6,764,384 980.55 Walnut Valley Unified SD Series 1997 A 26,437,718 58.773 15,538,266 980.56 Walnut Valley Unified SD 2000 Series A 230,000 58.773 135,178 980.58 Walnut Valley Unified SD 2000 Series C 6,710,000 58.773 3,943,675 980.59 Walnut Valley Unified SD 2000 Series D 21,188,114 58.773 12,452,911 980.60 Walnut Valley Unified SD 2000 Series E 6,001,837 58.773 3,527,466 980.61 Walnut Valley Unified SD 2005 Ref Bds 11,705,000 58.773 6,879,391 980.62 Walnut Valley Unified SD 2007 Series A (M-S)29,095,000 58.773 17,100,033 980.63 Walnut Valley Unified SD 2007 Series A (M-Y)7,145,887 58.773 4,199,859 116,862,052 Grand Total Direct and Overlapping Debt:129,236,597$ 2009/10 Net Assessed Valuation: $ 7,095,299,195 Debt to Assessed Valuation Ratios: 2010 Total City Population: 61,019 Direct Debt 0.18%$203 Overlapping Debt 1.65%$1,915 Total Debt 1.82%$2,118 Note: (1)Percentage of direct and overlapping agency's assessed valuation located within boundaries of the city. (2)The overlapping debt is the portion of a larger agency, and is responsible for debt in areas outside the city. Source: Hdl Coren & Cone U.S. Census Bureau City Finance Department CITY OF DIAMOND BAR, CALIFORNIA Direct and Overlapping Debt June 30, 2010 (unaudited) 120 Fiscal Year 2015 2016 2017 2018 2019 Net assessed value 8,188,945,156$ 8,636,748,704$ 9,187,457,108$ 9,587,033,522$ 10,030,502,911$ Add back: Exemptions 83,189,280 85,146,082 62,484,967 78,363,66290,713,106 Gross assessed value 8,272,134,436 8,721,894,786 9,249,942,075 9,665,397,184 10,121,216,017 Conversion percentage 25%25%25%25%25% Adjusted assessed valuation 2,068,033,609 2,180,473,697 2,312,485,519 2,416,349,296 2,530,304,004 Debt limit percentage 15%15%15%15%15% Debt limit 310,205,041 327,071,054 346,872,828 362,452,394 379,545,601 City Debts: Revenue bonds 10,420,000 10,035,000 9,635,000 9,215,000 8,775,000 Unamortized Bond Premium 201,475 187,349 173,223 159,097 144,971 Legal debt margin 299,583,566$ 316,848,705$ 337,064,605$ 353,078,297$ 370,625,630$ Fiscal Year 2010 2011 2012 2013 2014 Net assessed value 7,095,299,195$ 7,193,712,566$ 7,350,019,952$ 7,469,396,334$ 7,751,853,846$ Add back: Exemptions 66,422,679 70,706,628 74,296,191 78,856,69783,574,453 Gross assessed value 7,161,721,874 7,264,419,194 7,424,316,143 7,548,253,031 7,835,428,299 Conversion percentage 25%25%25%25%25% Adjusted assessed valuation 1,790,430,469 1,816,104,799 1,856,079,036 1,887,063,258 1,958,857,075 Debt limit percentage 15%15%15%15%15% Debt limit 268,564,570 272,415,720 278,411,855 283,059,489 293,828,561 City Debts: Revenue bonds 12,480,000 12,190,000 11,470,000 11,135,000 10,785,000 Unamortized Bond Premium (105,455) (100,869)243,853 229,727 215,601 Legal debt margin 256,190,025$ 260,326,589$ 266,698,002$ 271,694,762$ 282,827,960$ The Government Code of the State of California provides for a legal debt limit of 15% of gross assessed valuation. However, this provision was enacted when assessed valuation was based upon 25% of market value. Effective with the 1981-82 fiscal year, each parcel is now assessed at 100% of market value (as of the most recent change in ownership for that parcel). The computations shown above reflect a conversion of assessed valuation data for each fiscal year from the current full valuation the 25% level that was in effect at the time that the legal debt margin was enacted by the State of California for local govern- ment located within the state. Source: Section 43605 of the California Government Code Hdl Coren & Cone City Finance Department CITY OF DIAMOND BAR, CALIFORNIA Computation of Legal Debt Margin Last Ten Fiscal Years (unaudited) 121 General Information Date of Incorporation April 18, 1989 Form of Government Council-Manager Area 14.88 Square Miles Miles of Streets 132.3 Public Safety Police Protection Los Angeles County Sheriff Department Fire Protection Los Angeles County Fire Department Education School District Pomona Unified School District Schools 1 High School, 1 Middle School, & 4 Elementary Schools School District Walnut Valley Unified School District Schools 1 High School, 2 Middle Schools, & 4 Elementary Schools Population Distribution by Race (2010 US Census)Total Percent Asian 28,106.06 50.40% White 18,570.08 33.30% Hispanic or Latino 10,294.40 18.46% African American 2,174.87 3.90% Others - 0.00% Single Family Residential Full Value Sales (01/01/2012-06/30/2019) * Year Full Value Sales Average Price Median Price Median % Change 2012 789 484,681 417,500 2013 814 591,380 500,000 19.76% 2014 701 660,281 535,000 7.00% 2015 726 626,515 551,000 2.99% 2016 837 628,252 570,000 4.22% 2017 745 645,253 589,500 3.42% 2018 647 702,146 655,000 11.16% 2019 307 (Jan-Jun 2019) 680,275 620,000 -5.34% * "Single Family Residential" includes both stand-alone homes and townhouses and condos with a common wall. Source:L.A. County Recorder HdL Cornen & Cone US Bureau of the Census. The official population census of the United States is conducted every ten years, most recently in 2010. Median Household Income were obtained from U.S. Census Bureau, 2017 American Community Survey 1-Year Estimates. (unaudited) THE CITY OF DIAMOND BAR DEMOGRAPHIC AND ECONOMIC STATISTICS - 100,000 200,000 300,000 400,000 500,000 600,000 700,000 417,500 500,000 535,000 551,000 570,000 589,500 655,000 620,000 Median Price Median Price 122 Personal Income Median Household Unemploy Median Population (In Thousands)Income Rate Age 2009 60,184 $1,885,698 $31,332 $85,351 8.3% 39.2 93.1% 46.7% 2010 61,019 $1,960,418 $32,128 $84,402 9.1% 39.8 92.0% 47.6% 2011 55,819 $1,846,158 $33,074 $83,454 8.8% 40.5 92.5% 47.8% 2012 56,099 $1,991,290 $35,496 $83,654 6.6% 40.6 92.6% 48.8% 2013 56,400 $1,984,772 $35,191 $84,180 5.4% 41.3 92.4% 49.7% 2014 56,426 $1,919,782 $34,023 $84,705 5.3% 40.9 92.0% 48.4% 2015 57,081 $1,943,144 $34,041 $85,505 4.3% 41.1 91.5% 47.9% 2016 57,066 $1,978,657 $34,673 $89,409 3.3% 42.0 92.1% 50.9% 2017 57,460 $1,953,402 $33,995 $94,630 3.8% 42.2 92.4% 50.7% 2018 57,495 $2,061,233 $35,850 $98,660 3.7% 42.6 92.8% 52.1% THE CITY OF DIAMOND BAR DEMOGRAPHIC AND ECONOMIC STATISTICS % of Pop 25+ with High School Degree % of Pop 25+ with Bachelor's Degree (unaudited) Population: California State Department of Finance. Unemployment Data: California Employment Development Department 2000-2009 Income, Age, and Education Data: ESRI - Demographic Estimates are based on the last available Census. Projections are developed by incorporating all of the prior census data released to date. Demographic Data is totaled from Census Block Groups that overlap the City's boundaries 2010 and later - Income, Age and Education Data - US Census Bureau, most recent American Community Survey. Estimated Median Household Income - Nielsen Company. Calenda Year Per Capita Personal Income Notes and Data Sources: 31,000 31,500 32,000 32,500 33,000 33,500 34,000 34,500 35,000 35,500 36,000 0 2 4 6 8 10 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Per Capita Pers Income Unemployment RatePer Capita Personal IncomeUnemployment RatePersonal Income and Unemployment 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Less Than High School High School Graduate College GraduatePopulationEducation Level Attained for Population 25 and Over 123 2009 2010 2011 2012 2013 Apparel Stores 625$ 648$ 724$ 905$ 1,601$ Food Stores 12,249 11,846 11,577 10,189 10,474 Eating and Drinking Places 46,028 46,585 48,948 50,623 52,948 Building Materials 2,114 2,371 2,811 2,584 1,919 Auto Dealers and Supplies 11,139 7,696 6,021 6,390 7,150 Service Stations 89,308 99,425 119,738 125,532 120,373 Other Retail Stores 66,035 63,510 62,952 68,157 69,091 All Other Outlets 78,131 89,405 92,737 89,230 95,458 Total 305,629$ 321,486$ 345,508$ 353,610$ 359,014$ Source: State of California Board of Equalization and The HdL Companies. Note: Due to confidentiality issues, the names of the ten largest revenue payers are not available. The categories presented are intended to provide alternative information regarding the sources of the City's revenue. CITY OF DIAMOND BAR, CALIFORNIA Last Ten Calendar Years (in thousands of dollars) Taxable Sales by Category 124 2014 2015 2016 2017 2018 1,924$ 2,104$ 2,347$ 2,008$ 7,874$ 11,004 12,481 15,591 17,395 18,550 54,397 56,871 59,572 63,664 63,412 1,619 2,115 2,434 2,929 3,135 7,607 7,649 7,488 6,638 6,505 112,494 104,369 92,417 96,579 104,105 68,019 61,009 62,406 62,537 64,166 98,327 208,447 252,305 256,299 296,212 355,391$ 455,045$ 494,560$ 508,049$ 563,959$ 125 Function 2015 2016 2017 2018 2019 General government 25 25 27 27 27 Community development 89989 Public works 910171714 Community services-(full time)15 14 0 0 0 -(part time & seasonal)58 56 0 0 0 Parks and recreation-(full time)9911 -(part time & seasonal)50 65 51 Total 115 114 112 126 112 Function 2010 2011 2012 2013 2014 General government 21 24 23 24 24 Community development 88888 Public works 99988 Community services-(full time)14 14 14 14 14 -(part time & seasonal)61 61 61 60 60 Total 113 116 115 114 114 Note: The City is a contract city and as such contracts for many of its services. This includes police services, fire services, building and safety services, engineering, road maintenance and landscape maintenance. A full-time emplyee is scheduled to work 2,080 hours per year (including vacation and sick leave). Beginning In FY2017, part of the former Community Services Department, road maintenance and landscape maintenance, has been centralizd in Public Works. Source: City Finance Department Fiscal Year Ended June 30, Fiscal Year Ended June 30, CITY OF DIAMOND BAR, CALIFORNIA Full-time and Part-time City Government Employees by Function/Program 126 2015 2016 2017 2018 2019 Police:(in fiscal year) (1) Physical arrests 522 702 636 493 653 Street Sweeping Parking Citation 5,887 5,682 5,289 5,367 5,256 Fire: (in fiscal year) (2) Number of incident calls 2,820 3,180 3,331 3,362 3,207 Inspections 1,413 1,667 1,336 1,403 1,151 Public works: (in fiscal year) (3) Street resurfacing (miles)17.0 19.3 14.4 17.2 12.3 Parks and recreation:(in fiscal year)(4) Number of recreation classes(5) 2,591 2,546 2,338 2,461 2,461 Number of facility rentals 4,491 4,804 4,316 4,610 4,610 2010 2011 2012 2013 2014 Police: (1) Physical arrests 700 647 737 630 494 Street Sweeping Parking Citation 5,110 4,137 3,766 3,776 5,774 Fire: (2) Number of emergency calls 2,654 2,594 2,516 2,604 2,760 Inspections 979 1,202 1,287 1,477 1,434 Public works: (3) Street resurfacing (miles)23.3 12.0 9.2 8.3 12.5 Parks and recreation:(4) Number of recreation classes 2,456 2,115 2,096 2,082 2,623 Number of facility rentals 4,111 4,147 4,270 4,332 4,178 Sources: (1) Police Walnut/Diamond Bar Station (2) LA County Fire Dep East Regional Operation Bureau (3) City Public Works Department (4) City Community Services Department (5) Includes online classes Note: Indicators are not available for the general government function. Function Fiscal Year Ended June 30, Function Fiscal Year Ended June 30, CITY OF DIAMOND BAR, CALIFORNIA Operating Indicators by Function Last Ten Fiscal Years 127 2010 2011 2012 2013 2014 Public safety (1) Police: Station 1 1 1 1 1 Patrol units (all shifts combined) 18 18 18 18 18 Fire stations (2) 3 3 3 3 3 Highways and streets (3) Streets (miles) 129.4 129.4 129.4 129.4 129.4 Streetlights 294 294 294 294 294 Traffic signals 73 74 74 74 74 Culture and recreation (4) Parks Acreage 62.7 63.6 67.9 67.9 67.9 Hiking Trails 2.7 2.7 3.2 3.2 3.2 Parks 13 14 15 15 15 Public Tennis courts 8 8 8 8 8 Community centers 3 3 3 3 3 Golf Course (5) County golf course 1 1 1 1 1 Sewer (3) Sanitary sewers (miles) 158.4 158.4 158.4 161.21 161.21 Sources: (1) Police Walnut/Diamond Bar Station (2) LA County Fire Department, Division VIII Office (3) City Public Works Department (4) City Community Services Department (5)LA County Golf Course Note: The City is a contract city and as such contracts for many of its services. This includes police services, fire services, building and safety services, engineering, road maintenance and landscape maintenance. No capital asset indicators are available for the general government function. Fiscal Year Ended June 30 Function CITY OF DIAMOND BAR, CALIFORNIA Capital Asset Statistics by Function Last Ten Fiscal Years 128 2015 2016 2017 2018 2019 11111 18 18 18 18 18 33333 129.4 130.9 130.9 132.3 132.3 294 294 307 307 314 74 74 76 76 76 67.9 67.9 72.6 79.4 79.4 4.0 4.0 4.5 4.5 4.5 15 15 16 17 17 88888 33333 11111 161.21 161.21 161.38 161.38 161.38 129 THIS PAGE INTENTIONALLY LEFT BLANK 130 City of Diamond Bar Finance Department 21810 Copley Drive, Diamond Bar, CA 91765 (909) 839-7050 | www.diamondbarca.gov