HomeMy WebLinkAboutStatistical Section - CAFR 09CITY OF AZUSA
Statistical Section
(Unaudited)
This part of the City of Azusa's comprehensive annual financial report presents detailed information as a context to
aid the reader in understanding the information presented in the financial statements, and the required supplementary
information and the City's overall financial health.
Financial Trends
Page No.
These schedules contain trend information to help the 121-126
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 127-136
assess the City's significant local revenue sources.
Debt Capacity
These schedules contain information to help the reader
assess the affordability of the City's levels of outstanding 137-143
debt and the ability to issue additional debt in the future.
Demographic and Economic Information
These schedules offer demographic and economic
indicators to assist the reader to understand the 144-146
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 147-150
provides and the activities it performs.
121
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CITY OF AZUSA
Table 2 - Change in Net Assets
Last Seven Fiscal Years (accrual basis)
Fiscal Year
Program Revenue: 2003 2004 2005 2006 2007 2008 2009
Governmental activities:
Charges for services
General government
Public Safety
Community Development
Packs and recreation
Public Works
Operating grants and contributions
Capital grants and contributions
Total governmental activities
program revenues
Business -type activities:
Charges for services
Water
Light
Sewer
Refuse contract
Operating grants and contributions
Total business -type activities
program revenues
Total primary government
program revenues
Expenses:
Governmental activities:
General government
Public safety
Community Development
Parks and recreation
Public works
Interest on long -lens debt
Total governmental activities
expenses
Bustness-type activities:
Water
Electric
Sewer
Refuse contract
Total business -type activities
expenses
Total primary government
program expenses
$ 2,617,760
$ 2,554,471
$ 2,179,493 $
2,923,478 $
3,553,435
$ 3,930,106 $
3,418,393
492,501
487,911
661,246
482,386
620,542
755,186
681,943
1,619,557
1,666,667
1,259,160
1.370,152
1,596,453
1,697,467
1,358,872
522,943
513,809
479,689
651,025
625,955
685,468
1.127,077
2,687,277
2,818,250
350,006
217,389
168,218
168,657
203.280
2,769,066
3,274,104
2.802,814
2,701.410
3,054,171
2,731,195
5,307.696
271,853
90,663
4,632500
820,744
497,905
468,279
286,875
10,980,957 11,405,875 12,364,908 9,166,584 10,116,679 10,436,358 12,384.136
14,092,960 15,921,702 16,439,341 14,925,757
28,637,629 38,283,706 36,101,801 38,050,462
11159,851 1,256,831 1,281,085 1.361,125
- 2,509,096 2,587,410
80,000 35,000
17,254,963 16,501,434 14,805,241
34,932,840 35,998,389 34,496.805
1,398,925 1,470,452 1,508,325
2,812,595 2.996,275 2,968.742
43,969,540 55,497239 56331323 56,924,754 56,399,323 56.966,550 53,779M3
$ 54,950,497 $ 66,903,114 $ 6$696,231 $ 66,091,338 $ 66,516,002 $ 67.402,908 $ 66,163,249
$ 8,996,579
$ 11,590,481
$ 12,363,638
$ 12,430,022
$ 9,966,734
$ 11,582,357
$ 15,047,013
13,437,396
14.024.191
15.271,689
15,442,417
17,101,215
18,772,865
20,459,265
3,201,470
2,743,489
2,089.532
2,951,307
10,467,848
4,178,449
5,657,962
3,138.244
2,849,141
2,896,476
3,192,373
3,412,918
3,737.791
4,083,565
6,319,540
6,712,191
3,015,537
2.902,189
3,418,493
5,494,887
4,577,435
3,320,928
2,700951
3.254,753
2,756,978
3,437,231
4.757,068
6,224,638
38.414,157 40,620.444 38,891.625 39,675,286 47,804,439 48,523,417 56,049.878
12,909,266 13,457,839 11,501,923
12.192,788
15,681,384
18.473,689
17,225,088
29,510,578 36,044.008 34.280,527
36,57%602
34.713,270
38,827,637
36,939,301
901,849 965,977 1,075,063
1,267,327
1,604,557
1,653,043
1,995,785
2,526.134
2,642.780
2,918.732
3.247,734
3,028,270
43,321,693 50.467.824 49,383.647 52,681,497 54,917,943 62,202,103 59,188,444
81,735.850 91,088,268 88,275,272 92,356,783 102.722,382 110.725,520 115,238.322
Net revenues (expenses):
Governmental activities (27,433,200) (29,214.569) (26,526,717) (30,508,702) (37,687,760) (38,087,059) (41,491,520)
Business4ype activities 647,847 5.029,415 6.947.676 4,243,257 1.481,380 (5,235553) (5,409,331)
Total net revenues (expenses) (26.785,353) (24,185,154) (19,579,041) (26,265,445) (36,206380) (43,322612) (46,900,851)
123
CITY OF AZUSA
Table 2 - Change in Net Assets
Last Seven Fiscal Years (accrual
basis)
Continued
Fiscal
Year
General revenues and other changes in
2003
net assets:
2004
2005
2006
2007
20o8
2009
Governmental activities:
Taxes:
Property taxes
Transient occupancy taxes
$ 7,873,470
209,496
$ 8,771,497
175,518
$ 8,609,486
$ 9,737,041
$ 11,044,335
$ 10,372,529
$ 13,518.253
Sales tax
4,657,435
5,495,965
259,384
5.902,641
242,581
5,452,652
234,427
6,025,756
243,261
6,328,962
226,268
Franchise taxes
4,849,114
5.699,276
5,170,846
5,275,972
5,544,594
5,654,8%
6,202,335
Q82L976
Business licenses taxes
1,400,507
1,438,612
1,538,113
1,537,442
1,637,775
1,640,425
1,755,831
Utility Users lax
2,051,753
2,779,802
2,919,740
3,086,589
3,289,210
3,302,442
3,260,191
Other taxes
Motor vehicle in lieu
3,616,276
2,631,988
4,126,917
2,160,633
4,429,649
4,504,355
4.798,699
1,397,618
1,131,885
Investment income
1,775,881
2,027,745
3,857,205
2.202,272
95,470
2,489,094
326,101
4,322,594
232,989
3,932,540
157.012
Other general revenues
186,413
(744,883)
37,884
131,917
373,063
2,702,680
3,967.549
707,536
Transfers
2,360,164
1,544,223
2,303,545
664.206
700,000
4.392,846
2,2491387
Total governmental activities
31.612,497
33A75,305
37,230,765
33,217,319
38,296,554
40,201,188
38,998,223
BusinessAype activities:
Taxes
Investment income
-
1,935,609
-
1,445,383
501,297
1,895,324
638,821
2,619,090
594,065
4,236,645
631,036
4,954,367
586,254
Gain on sale of assets
932
8,473
299,469
183,829
(38,373)
2.579,973
797
Transfers
Miscellaneous
(2,360,164)
(1,544,223)
(2,303,545)
(664,206)
(700,000)
(4,392,846)
(2,249,387)
3.953.851
2,369,747
895,727
273,296
2,676,882
1,841,306
1.230,835
Total business -type activities
3,530.228
2,279.380
1,288,272
3,050,830
6,807,592
2,995490
2, 448,472
Total primary government
35,142,725
35.754,685
38,519,037
36,268,149
_
45,104.146
43,196,678
41,146.695
Changes in net assets
Governmental activities:
4,179,297 4,260,736 10.704,048 2,708,617
608,794 2.114,129
(2,493,297)
Business -type activities:
Total primary government
4.178,075 7,308,795 8,235,948 7,294,087
$ 8,357,372 $ 11,569,531 $ 18,939,996
8,288,972 (2,240 063)
,240,063)
(3,260,8591
$ 10,002.704 $
g,gg7,766 $
$ (5,754,156)
The City of Azusa implemented GASS 34 for the fiscal year ended June 30, 2003
Information prior to the implementation of GASB 34 is not available.
124
CITY OF AZUSA
Table 3 - Fund Balances of Governmental Funds
Last Seven Fiscal Years (modified accrual basis'
Fiscal Year
2003
2004
2005
2006
2007
2008
2009
General fund:
Reserved
$ 2,025,278
$ 97,561
$ 175,890
$ 150,700
$
142,136
$
196,095
$
500.389
Unreserved
8.041,891
9,242,867
10,235,771
11,644,387
14,225,783
13,753,667
11,914,867
Total general fund
$ 10.0 77.169
$ 9,340,428
$ 10.411,661
$ 11.795,087
$
14,367,919
$
13,949,762
$
12,415,256
All other governmental funds:
Reserved
$ 1,657,947
$ 3,196,545
$ 4,445,816
$ 3.236,097
$
17,873,011
$
23,069,640
$
43,489,276
Unreserved, reported in:
Special revenue funds
7,032,508
6,263,545
13,629,201
13,120,059
13.671,472
15,616,841
21,491,624
Capital projects funds
4,844,576
8,934,984
2,705,239
3,010,074
2,487,655
1,904,457
1,320,550
Debt service funds
563,939
493,002
502,039
502.223
493,188
502,244
482,915
Redevelopment agency
(8,437,466)
(15,071,004)
(4,067,346)
(6,084,383)
(30,748,209)
(23,307,890)
(36,129,562)
Total all other governmental funds:
$ 5,661,504
$ 3,817 072
$ 17,214,949
$ 13,784,070
$
3,777 117
$
17,785 292
$
30.654 803
The City of Azusa has elected to show
only seven years of data for this schedule.
Source: City of Azusa Administrative Services Finance Department
125
CITY OF AZUSA
Table 4 - Changes in Fund Balances of Governmental Funds
Last Seven Fiscal Years (modified accrual basis)
Revenues:
Taxes
Assessments
Licenses and permits
Intergovernmental
Charges for services
Developer participation
Investment income
Fines and forfeitures
Contributions
Miscellaneous
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
Pass -through agreement payments
Bond issuance costs
Total Expenditures
Excess (Deficiency) of revenues
over (under) expenditures
Other Financing Sources (Uses):
Transfer in
Transfer out
Notes and loans issued
Other financing sources
Total Other Financing Sources
(Uses)
Net change in fund balances
Debt service as a percentage of
noncapital expenditures
Fiscal Year
2003
2004
2005
2006
2007
2008
2009
$ 24,915.096
$ 27,628,236
$ 29.394,950
$ 26,387.805
$ 28.984,072
$ 29.190,305
$ 31,265,067
2,141,886
1,915.404
1,562,690
2,166,435
2,638.293
2,661,618
2,930,897
794,766
463,124
361,910
433.673
481,994
532,775
381.993
2.898.290
3.186,244
2,852,725
3,617,152
3,609.169
3.387,074
5,960,103
4,858,921
5.678,737
2,316,927
2,484,513
2.565,974
3.008.524
2.734,773
-
-
4,632,500
_
1,120,927
1,288,943
1,173,207
1,294,508
3,205,561
2.765.219
1,859,424
447,888
313,275
726,726
556.776
815,558
897,816
967,012
93,275
87,696
298,431
154,636
106,592
99,211
106450
236.897
(442.142)
50A53
16607
422,313
3,001,938
713.547
37.507,946
40,019,517
43,370,519
37,262,175
42.829,526
45,544,480
46,919,266
9,045,654
7,192,815
7.767.243
9.701,352
9,070,967
11.136,420
12,490,585
13,082,021
13,870,209
15,128,730
15,111,854
16,813,699
18.534,126
26,948,793
3,201.545
2,730,878
2.077,048
2,94803
10,455,704
4,166,223
5,191,932
2,907,396
2,628,181
2.646,317
2.902,603
3.054,964
3,388,218
3,607,838
6,237,664
6.550,247
2.862,628
2.772,437
2,964,749
3.666.010
3,847,822
3,751.601
4,682,136
1,874,653
2,982,756
3,333,934
4,847,786
3,493.096
988,577
15,722,840
1,340,000
1,085,000
1,100,000
915,000
1.355,000
3,242,234
3,664,521
3,633,844
2,624,113
3,319,471
4,392,178
5,298,820
-
3,385,982
3,389.278
-
-
-
"
-
-
718,237
878,581
42.456,692
60,427.809
40,719.747
40,128,798
50.113,488
51,764,198
63.112,467
(4,948,746)
(20,408,292)
2,650,778
(2,866,623)
(7,283,962)
(6,219 718)
(16.193.201)
14,374,315
30,125.638
19,383,272
12,513,835
8.891.433
51.422,808
25.925,067
(13,131,114)
(28,692,998)
(17,155,250)
(11,849,629)
(9,208,303)
(47,179,912)
(23,675.680)
130,098
16,405,000
9.186,357
232,038
166,711
20,820,182
25,879,924
7,680
-
(4,935,000)
(323.410)
1,373.299
17,845,220
11,414,379
896,244
(150,159)
20.128,078
27805,901
$ (3.575,447)
$ (2,563,072)
$ 14,065,157
$ (7,434,121) $
13.908,360
$ 11,612,700
10.9°%
40.9%
21.5%
10.0%
9A%
11.3%
11.2%
The Citypf Azusa has elected to show only seven years of data for this schedule.
Source: City of Azusa Administrative Services Finance Department
126
City of Azusa
Table 5 - Light Department
Electricity Sold by Type of Customer
Last Seven Fiscal Years
Fiscal Year
2003
2004
2005
2006
2007
2008
2009
Twe of Customer
Commercial/
Residential
Industrial
Other
Total
$ 6,710,591
$ 14,154,158
$ 1,029,090
$
21,893,839
8,468,729
17,079,440
1,227,993
$
26,776,162
9,803,365
15,352,263
1,127,046
$
26,282,674
8,658,939
17,607,907
1,147,509
$
27,414,355
9,664,916
18,376,638
1,250,079
$
29,291,633
10,070,006
19,258,199
1,202,641
$
30,530,846
10,180,795
19,429,530
1,136,677
$
30,747,002
Source: City of Azusa Light & Water Department
127
City of Azusa
Table 6 - Electricity Rates
Last Seven Fiscal Years
Fiscal
Monthly
Rate per
Rate per
Year Ended
Base
<250
>250
June 30
Rate
kWh
kWh
06/02-09/02
$ 2.89
0.0878
0.1126
10/02-06/03
3.18
0.0966
0.1239
07/03-06/04
3.18
0.0966
0.1239
07/04-06/05
3.18
0.0966
0.1239
07/05-09/05
3.18
0.0966
0.1239
10/05-06/06
3.34
0.1014
0.1301
7/06-6/07
3.34
0.1014
0.13006
7/07-6/08
3.49
0.1061
0.13604
7/08-6/09
3.49
0.1061
0.13604
NOTE:
Rates are based on residential meter, which is the standard household
meter size. There is an additional charge for excess -use rate above normal
demand.
Source: City of Azusa Light & Water Department
128
City of Azusa
Table 7 - Largest Electrical Customers
Last Three Fiscal Years
2007
2008
2009
Percentage of
Percentage of
Percentage of
Light
Total Light
Light
Total Light
Light
Total Light
Light Customer:
Charges
Revenues
Charges
Revenues
Charges
Revenues
APU Foundation
$1,614,093
5.510%
$1,649,793
5.404%
$1,686.278
5.484%
S&S Foods LLC
1,338,472
4.569%
1,245,225
4.079%
1,310,363
4.262%
Rainbird Corp./CA Div.
568,169
1.940%
1,080,719
3.540%
876,034
2.849%
Azusa USD
1,653,411
5.645%
833,111
2.729%
851,020
2.768%
Criterion Catalyst
869,877
2.970%
827,035
2.709%
823,604
2.679%
City of Glendora
625,972
2.137%
477,556
1.564%
514,909
1.675%
Costoo Wholesale Corp.
596,507
2.036%
567,662
1.859%
617,698
2.009%
Northrop Grumman Sys.
515,729
1.761%
488,597
1.600%
507,168
1.649%
Azusa Western
307,782
1.051%
235,915
0.773%
259,979
0,846%
Mords Partnership
286,965
0.980%
283,135
0.927%
234,419
0.762%
Hansen's Juices (Naked Juice)
288,546
0.985%
254,516
0.834%
-
0.000%
California Amforge
-
0.000%
319,098
1.045%
300,181
0.976%
City of Azusa
-
0.000%
1,166,642
3.821%
1,050,852
3.418%
Verizon Wireless
528,635
1.719%
Artisan Screen Process
244,353
0.795%
Total
$8,665,523
99.584%
79,429,004
30.884%
$9,805,493
31.891%
Historical information not available for 10 year comparison.
Source: City of Azusa Light & Water Department
129
City of Azusa
Table 8 - Water Sold by Type of Customer
Last Seven Fiscal Years
Type of Customer
Fiscal Year
Residential
Commercial
Industrial
Total
2003
$ 8,303,545
$ 2,951,383
$ 1,369,646
$
12,624,574
2004
8,866,553
4,169,825
1,509,844
$
14,546,222
2005
8,455,712
4,022,604
1,354,218
$
13,832,534
2006
8,084,959
3,147,304
2,274,028
$
13,506,291
2007
9,145,318
3,260,316
2,697,339
$
15,102,973
2008
9,218,162
3,155,962
2,360,731
$
14,734,855
2009
7,740,102
2,770,336
2,551,733
$
13,062,171
Source: City of Azusa Light & Water Department
130
City of Azusa
Table 9 - Water Rates
Last Seven Fiscal Years
Fiscal
Monthly
Rate per
Rate per
Year Ended
Base
0-17
>17
Activity
Rate
CCF
CCF
07/02-06/03
$ 10.75
0.765
1.21
07/03
10.75
0.765
1.21
08/03-06/04
11.22
0.798
1.26
07/04-06/05
11.22
0.798
1.26
07/5-10/05
11.22
0.798
1.26
11/05-06/06
11.56
0.822
1.30
7/06-6/07
11.56
0.822
1.30
7/07-6/08
12.50
0.870
1.38
07/08-6/09
12.50
0.870
1.38
NOTE:
Rates are based on 3/4" meter, which is the standard household meter size.
There is an additional charge for excess -use rate above normal demand.
Source: City of Azusa Light & Water Department
131
City of Azusa
Table 10 - Largest Water Customers
Last Three Fiscal Years
Water Customer:
2007
Percentage of
Water Total Water
Charges Revenues
2008
Percentage of
Water Total Water
Charges Revenues
2009
Percentage of
Water Total Water
Charges Revenues
Miller Brewery
$ 1,108,381
7.339% $
974,421
6.613%
$ 1,371,278
10.498%
Ready Pac
598,605
3.963%
450,547
3.058%
371,827
2.847%
Azusa Western
572,615
3.791%
226,896
1.540%
419,714
3.213%
Azusa Unified School District
361,142
2.391%
252,836
1.716%
293,496
2.247%
City of Azusa
197,304
1.306%
78,263
0.531%
86,393
0.661%
APU Foundation
201,995
1.337%
105,514
0.716%
119,322
0.913%
Covina Valley USD
171,080
1.133%
78,162
0.530%
84,487
0.647%
Azusa Greens Country Club
130,010
0.861%
105,103
0.713%
115,081
0.881%
S&S Foods LLC
104,793
0.694%
76,160
0.517%
69,207
0,530%
Citrus College
87,039
0.576%
47,877
0.325%
44,088
0.338%
Azusa Care Free Association
-
0.000%
42,915
0.291 %
44,259
0.339%
Calmat Site#1055-A
66,159
0.438%
27,141
0.184%
-
0.000%
NCI
-
0.000%
-
0.000%
48,432
0.371%
Lovin Oven
-
0.000%
-
0.000%
43,537
0.333%
Total $ 3,599,122 23.831% $ 2,465,835 16.735% $ 3,111,121 23.818%
Historical information not available for 10 year comparison.
Source: City of Azusa Light & Water Department
132
CITY OF AZUSA
Table 11 -Assessed Value and Estimated Actual Value of Taxable Property
Last Seven Fiscal Years
(in thousand of dollars)
Fiscal Year
Ended
June 30
2003
2004
2005
2006
2007
2008
2009
City
RedeveloDmenlA encv
Taxable
Taxable
Total
Assessed
Assessed
Direct Tax
Secured
Unsecured
Value (1)
Secured
Unsecured
Value 01
Rate
$ 1,271,756,979
$ 74,591,008
$ 1,346.347,987
$ 534,845,413
$ 77,598,421 $
612,443,834
0.35563%
1,416,059,948
79,782,839
1,495,842,787
591,085,088
78,901,426
669,986,514
0.35908%
1,496,197,287
68,669,721
1,564,867,008
655,568,717
85,621,804
741,190,521
036401 %
1,718,308,956
64,069,228
1,782,378,184
704,055,664
92,540,432
796,596,096
0.34399%
2,307,392,525
68,162,253
2,375,554,778
753,702,319
98,076,522
851,778,841
0.34395%
2,514,920,977
74,038,048
2,588,959,025
3,370,977,583
175,725,533
3,546,703,116
0.32395%
2,474,468,333
74,013,744
2,548,482,077
3,361,956.144
186.730.856
3.MR RR7nnn
n���aoac
The City of Azusa has elected to show only seven years of data for this schedule.
111 Exempt assessed values are not included in assessed value.
Exemptions are netted directly against the individual property categories.
NOTE:
In 1978 the voters of the State of California passed Proposition 13 which limited property taxes to a maximum rate of
1% based upon the assessed value of the property being taxed. Each year, the assessed value of property may be
increased by an "inflation factor" (liminted to a maximum increase of 2%). With few exceptions, property is only
reassessed at the time that it is sold to a new owner. At that point, the new assessed value is reassessed at the
purchase price of the property sold. The assessed valuation date 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.
Source: County of Los Angeles Auditor -Controller Tax Division
133
CITY OF AZUSA
Table 12 - Direct and Overlapping Property Tax Rates
(rate per $100 of assessed value)
Last Seven Fiscal Years
Fiscal Year
City Direct Rates: 2003 2004 2005 2006 2007 2008 2009
General City $ 0.15103 $ 0.15103 $ 0.15103 $ 0,15103 $ 0.15103 $ 0.15103 $ 0.14921
Redevelopment Agency 1.06640 1.05940 1.05560 1.02080 1.04210 1.02976 1.01800
Total Direct Rate 0.35563 0.35908 0.36401 0.34399 0.34395 0.32395 0.33319
Overlapping Rates
Azusa Unified School District
0.29694
0.28223
0.27690
0.26611
0.27251
0.27218
0.22963
Children Center Fund
0.00064
0.00064
0.00064
0.00064
0.00064
0.00064
0.00064
Childrens Institutional Tuition Fund
0.00278
0.00278
0.00278
0.00278
0.00278
0.00278
0.00278
Citrus Community College
0.02458
0.02458
0.02458
0.02458
0.02458
0.02460
0.00602
Educational Aug Fund Impound
0.17075
0.17075
0.17075
0.17075
0.17075
0.17070
0.17070
Educational Revenue Augmentation Fund
0.07579
0.07579
0.07579
0.07579
0.07579
0.07790
0.07790
Los Angeles County
0.35644
0.35599
0.35569
0.35538
0.36524
0.35421
0.35421
Citrus Community College District
-
-
0.02585
0.01763
0.00356
0.01611
0.02460
Metropolitan Water District
0.04937
0.04737
0,04537
0.04537
0.04537
0.02540
0.06178
Other
0.00098
0.00098
0.00098
0.00098
0.00098
0.00098
000098
Total Tax Rate
$ 1.12930
$ 1.11214
$ 1.13036
$ 1.11104
$ 1.10323
$ 1.09653
$ 1.07845
The City of Azusa has elected to show only seven years of data for this schedule
General fund tax rates are representative and based upon the direct and overlapping rates for the
largest General Fund lax rate area by net taxable value.
Total Direct Rate is the weighted average of all individual direct rates applied by the City. The Direct
Rate percentages presented in the columns above is not the sum of the General City Rate and the
Redevelopment Agency Rate (RDA).
RDA rate is based on the largest RDA lax rate area and includes only rates from indebtedness adopted
prior to 1989 per California State statute. RDA direct and overlapping rates are applied only to the
incremental property values.
In 1978, California voters passed Proposition 13 which set the property lax 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.
Source: L.A. County Assessor Tax Rate Table Area 02045
134
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135
CITY OF AZUSA
Table 14 - Property Tax Levies and Collections
Last Seven Fiscal Years
Amount
Taxes
collected
Collections
Percent
Fiscal Year
Levied
within the
Percent
in
Total
of
Ended
for the
Fiscal Year
of
Subsequent
Collections
Levy
June 30
Fiscal Year
of Levy
Levy
Years
to Date
to Date
2003
$2,013,405
$ 1,895,002
94.1%
$ 13,400
$ 1,908,402
94.8%
2004
2,133,628
2,112,528
99.0%
(17,965)
2,094,563
98.2%
2005
2,335,339
2,246,565
96.2%
37,397
2,283,962
97.8%
2006
2,729,217
2,531,014
92.7%
91,595
2,622,609
96.1%
2007
3,236,313
2,944,985
91.0%
(7,502)
2,937,483
90.8%
2008
3,569,732
3,200,874
89.7%
(20,189)
3,180,685
89.1%
2009
3,841,664
3,519,967
91.6%
(3,643)
3,516,324
91.5%
The City of Azusa has elected to show only seven years of data for this schedule.
Source: County of Los Angeles Auditor -Controller and City Finance Department
136
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137
CITY OF AZUSA
Table 16 - Ratio of General Bonded Debt Outstanding
Last Seven Fiscal Years
Fiscal Year
Certificates
Tax
Taxable
Percentage
Debt per
Ended
of
Allocation
Pension
of Assessed
City
June 30
Participation
Bonds
Funding Bds
Total
Values
Capita
2003
$4,565,000
$ 16,285,000
$ -
$ 20,850,000
1.06%
442
2004
4,825,000
17,080,000
-
21,905,000
1.01%
455
2005
4,525,000
25,366,416
-
29,891,416
1.30%
616
2006
4,325,000
24,824,506
-
29,149,506
1.13%
603
2007
4,120,000
24,271,206
28,391,206
0.88%
584
2008
3,910,000
39,546,698
-
43,456,698
0.71 %
892
2009
3,695,000
57,056,201
7,215,000
67,966,201
1.11%
1,389
The City of Azusa has elected to show only seven years of data for this schedule.
138
City of Azusa
Table 17 - Direct and Overlapping Debt
June 30, 2009
Percentage
Net
Gross Bonded Applicable
Bonded
Debt Balance To City
Debt
COP Lease Rev, TABS & City Loan to RDA $ 7,215,000
Metropolitan Water District
$137,096,151
Metropolitan Water District
137,096,151
Citrus CCD DS 2004 Series 2004A
16,170,000
Citrus CCD DS 2004 Series 2007E
67,860,302
Mount San Antonio Community College District 2001 Series A
3,365,000
Mount San Antonio Community College District 2004 Series B
11,610,000
Mount San Antonio Community College District 05 Ref BD
66,810,843
Mount San Antonio Community College District 01, 06 Series C
79,861,070
Mount San Antonio Community College DS 2001, 2008 Series D
26,003,609
Azusa Unified School District 2002 Bonds
25,738,763
Covina Valley Unified School District 2001 Series A
15,295,000
Covina Valley Unified School District 2001 Series B
23,908,330
Covina Valley Unified School District 2006 Series 2006
45,290,000
Covina Valley Unified School District 2006,2007 Series B
18,999,949
Duarte Unified School District 1998 Series A
2,845,000
Duarte United School District 1998 Series B
7,419,686
Duarte Unified School District 1998 Series C
5,586,350
Duarte Unified School District 1998 Series D
6,194,534
Duarte Unified School District 1998 Series E
14,047,314
Total Overlapping Debt
Total Direct and Overlapping Debt
2008/2009 Assessed Valuation: $751,107,148 after deducting Redevelopment Increment
Debt to Assess Valuation Ratios:
Direct Debt
Overlapping Debt
Total Debt
fi[oP
0.029
0.096
16.874
16.874
0.024
0.024
0.024
0.024
0.024
65.765
0.226
0.226
0.226
0.226
0.626
0.626
0.626
0.626
0.626
0.260%
1.140%
1.390%
$ 7,215,000
$ 39,273
131,651
2,728,576
11,450,958
796
2,747
15,807
18,895
6,153
16,927,198
34,524
53,967
102,230
42,887
17,803
46,429
34,957
38,763
87,902
31,781,516
38,996,516
Source: Hdl Coren & Cone, Los Angeles County Assessor and Auditor Combined 2008/2009 Lien Date Tax Rolls
139
City of Azusa
Table 18 - Legal Debt Margin Information
Last Seven Fiscal Years
Fiscal Year
2003
2004
2005
2006
2007
2008
2009
Assessed valuation
1,346,347,987
1,495,842,787
1,564.867,008
1,782,378,184
2,375,554,778
2,588,959,025
2,548,482.077
Conversion percentage
25%
25%
25%
25%
25%
25%
25%
Adjusted assessed valuation
336,586,997
373,960,697
391.216,752
445,594,546
593,888,695
647,239,756
637,120,519
Debt limit percentage
15%
15%
15%
15%
15%
15%
15%
Legal debt limit
50,488,050
56,094,105
58,682,513
66,839,182
89,083,304
97,085,963
95,568,078
Amount of debt applicable to debt limit t'I
Legal debt margin
50,488.050
56,094,105
58,682,513
66.839,182
89,083,304
97,085,963
95,568,078
The City of Azusa has elected to show seven years of data for this schedule.
t'I Total Bonded debt issued by the City, excluding certificates of participation,
lax allocation bonds, special assignment bonds, revenue bonds payable
from enterprise funds, and pledge mortgage revenues and revenue bonds
issued by entities other than the City of Azusa.
Source: City of Azusa - Administrative Services -Finance Department
140
CITY OF AZUSA
Table 19 - Pledged Revenue Coverage
Last Seven Fiscal Years
CERTIFICATES OF PARTICIPATION AND WATER REVENUE BONDS - WATER FUND
Operating
Debt Service Requirements
Fiscal Year
and Non-
Net Revenue
Ended
Gross
Operating
Available for
June 30
Revenues
Expenses(1)
Debt Service
Principal
Interest
Total
Coverage
2003
$15,602,305
$10,961,843
$4,640,462
$ 515,000
$1,614,564
$2,129,564
2.18
2004
17,715,988
9,423,801
8,292,187
540,000
1,531,778
2,071,778
4.00
2005
17,588,585
10,122,373
7,466,212
840,000
806,809
1,646,809
4.53
2006
16,775,847
9,570,814
7,205,033
735,000
801,758
1,536,758
4.69
2007
21,229,600
11,935,540
9,294,060
750,000
794,258
1,544,258
6.02
2008
19,684,086
13,445,606
6,238,480
765,000
3,549.732
4,314,732
1.45
2009
16,279,742
12,229,332
4,050,410
790,000
3,444,146
4,234,146
0.96
CERTIFICATES OF PARTICIPATION - ELECTRIC FUND(2)
Operating
_ Debt Service Requirements
Fiscal Year
and Non-
Net Revenue
Ended
Gross
Operating
Available for
June 30
Revenues
Expenses(')
Debt Service
Principal
Interest
Total
Coverage
2003
$ -
$ -
$
$ -
$ -
$
2004
_
2005
$37,948,961
33,131,762
4,817,199
345,000
165,954
510,954
9.43
2006
39,512,551
37,582,546
1,930,005
400,000
101,658
501,658
3.85
2007
37,677,098
33,024,487
4,652,611
410,000
562,810
972,810
4.78
2008
39,265,400
37,135,024
2,130,376
425,000
527,038
952,038
2.24
2009
36,672,695
35,243,846
1,428,849
435,000
504,544
939,544
1.52
m Excludes interest and depreciation expense
(2) Established December 18, 2003
141
CITY OF AZUSA
Table 19 - Pledged Revenue Coverage
Last Seven Fiscal Years (Continued)
REVENUE BONDS -SEWER FUND
Operating
_ Debt Service Requirements
Fiscal Year
and Non-
Net Revenue
Ended
Gross
Operating
Available for
June 30
Revenues
Expenses(l)
Debt Service
Principal
Interest
Total
Coverage
2003
$ 1,272,688
$ 455,459
$ 817,229
$ 75,000
$ 160,120
$ 235,120
3.48
2004
1,374,622
634,547
740,075
80,000
45,279
125,279
5.91
2005
1,375,200
629,347
745,863
85,000
166,954
251,964
2.96
2006
1,523,761
822,814
700,947
80,000
101,658
181,658
3.86
2007
1,586,403
1,141,303
445,100
85,000
139,604
224,604
1.98
2008
1,671,968
1,195,146
476,822
95,000
123,547
218,547
2.18
2009
1,636,336
1,518,931
117,405
100,000
120,611
220,611
0.53
t't Excludes interest and depreciation expense
Source: City of Azusa Administrative Services -Finance Department
142
CITY OF AZUSA
Table 20 - Pledged Revenue Coverage
Tax Allocation Bonds - Redevelopment Agency
Last Seven Fiscal Years
Debt Service Requirements
Fiscal Year
Ended
Tax
June 30
Increment
Principal
Interest
Total
Coverage
2003
5,641,059
385,000
1,005,526
1,390,526
4.06
2004 (1)
6,191,593
175,000
1,020,508
1,195,508
5.18
2005 zl
6,352,305
765,000
691,636
1,456,636
4.36
2006
6,895,119
610,000
1,068,422
1,678,422
4.11
2007
7,544,968
625,000
1,005,250
1,630,250
4.63
2008 (3)
7,556,563
435,000
812,271
1,247,271
6.06
2009 (")
7,934,351
865,000
2,184,552
3,049,552
2.60
The City of Azusa has elected to show only seven years of data for this schedule.
(1) $11,580,000 2003 Bonds were issued to refund the $10,610,000 1994 Bonds.
(2) Redevelopment Agency issued $9,022,800 of new Tax Allocation Bonds in 2005.
(3) Redevelopment Agency issued new Tax Allocation Bonds $15,780,000 Series A,
$4,790,000 Series B. A portion of the new debt repaid the 1997 Tax Allocation Refunding
Bonds ($4,935,000).
Redevelopment Agency issued new Tax Allocation Bonds $6,715,000 Series A,
$11,580,000 Series B (Housing).
Source: City of Azusa Administrative Services -Finance Department
143
CITY OF AZUSA
Table 21 - Demographic and Economic Statistics
Last Seven Fiscal Years
Fiscal Year
Per Capita
Ended
City
County
Personal
Personal
Unemployment
June 30
Population I1I
Population I1I
Income
Income (3)
Rate I4I
2003
47,150
9,979,600
$ 1,482,961,800
$ 31,452
7.3%
2004
48,183
10,107,451
1,598,663,757
33,179
7.0%
2005
48,520
10,226,506
t2I
I�1
rJ 5%
2006
48,302
10,245,572 I2I
IZI
5.9%
2007
48,640
10,331,939 I2I
15,609
5.4%
2008
48,743
10,363,850 I2I
37,088
8.5 /o a
2009
48,932
10,393,185 (2)
IZI
13.8%
The City of Azusa has elected to show only seven years of data for this schedule.
Sources: I'I U.S. Department of Census and State Department of Finance
l2I Information not available
l3I Labor Market Info -County, CA Employment Development Department
(4) State Employment Development Department
15) Profiles of California. Greyhouse Publishing, 2007.
144
City of Azusa
Table 22 - Principal Employers
Last Three Fiscal Years
2009 2008 2007 (+)
Number of
Number of
Number of
Employer
Employees
Employees
Employees
1.
Azusa Unified School District
1,600
1,600
1,600
2.
Northrop Grumman
1,100
1,100
1,100
3.
Azusa Pacific University
900
900
900
4.
City of Azusa
522
522
522
5.
Costco (formerly Price/Costco)
311
311
311
6.
Berger Bros.
300
300
300
7.
Pacific Precision Metals
250
250
250
8.
Tru Wood Products
160
160
160
9.
Wynn Oil Company
150
150
150
10.
Rain bird
132
132
132
11.
California Amforge
106
106
106
12.
Vulcan
100
100
100
13.
Naked Juice
75
75
75
14.
Morris National Candy
70
70
70
15.
Physician's Formula
70
70
70
16.
Heppner Hardwood
63
63
-
17.
Trek Industries
37
37
Aerojet General Corporation -
Monrovia Nursery 700
Tubing Seal Cap -
ICI Azusa Chamber of Commerce website
145
City of Azusa
Table 23 - Full-time and Part-time Employees
by Function
Last Seven Fiscal Years
Fiscal Year
Function
2003
2004
2005
2006
2007
2008
2009
General government
Public Safety
Community development
Parks and recreation
Public Works
Water
Electric
SewenWastewater
Total
77.835
96.538
18.765
45.619
25.180
41.670
31.130
4.320
341.057
B
77.434
94.663
19.181
31.684
27.930
37.420
29.380
3.820
321.512
A
C
56.665
93.406
17.225
42.376
25.845
37.610
28.490
4.080
305.697
D
59.619
91.978
13.502
39.480
20.800
39.220
30.280
6.250
301.129
59.682
93.800
14.927
38.723
21.884
36.425
31.425
6.000
302.866
61.144
96.530
15.441
31.765
23.132
36.350
32.350
6.000
302.712
67.794
99.035
15.985
34.204
31.115
44.425
36.125
10.000
338.683
A Reduction in Library Services 3.22;Transfer Transit to Public Works 10.55
B Reduction in Recreation by 13.526
C Increase due to transfer Parks to Recreation 9.87
D Reduction in Roadway Maint.1.20;Sidewalk Maint. 1.00;Graffitti Removal .875
Source: City of Azusa Administrative Services -Finance Department
Assigned Full -Time Equivalent (FTE) Totals
146
CITY OF AZUSA
Table 24 - Operating Indicators by Function
Last Seven Fiscal Years
Fiscal Year
2003
2004
2005
2006
2007
2008
2009
Police:
Calls for service
53,323
52,584
49,797
51,353
52,000
56,166
56,610
Parking citations issued
(1)
4,249
4,053
4,136
4,691
4,833
9,881
Public Works:
Street resurfacing (lineal miles)
10.2
17.0
15.3
12.8
15
13
14
Parks and recreation:
Number of recreation classes
78
78
110
84
84
84
196
Number of facility rentals
728
907
1,156
1,510
1,497
1,492
706
Water
Number of service connections
19,265
19,475
19,580
15,910 r'
15,824(2)
15,871 (2)
15,935
Average daily consumption
24,705
28,670
29,435
25,067
27,319
23,296
22,832
(hundred cubic feet)
Light:
Number of service connections
15,170
15,445
15,530
15,358
15,531
15,650
15,403
Average daily consumption
640,525
674,175
727,437
707,965
700,167
691,070
69,347
(kWh)
Sewer:
Number of service connections
15,800
16,007
16,072
14,183 (2
14,344 t2)
14,402 (Zj
14,073
Refuse:
Number of residential customer:
13,532
13,735
13,812
11,206 (2
11,296 (2)
12,053(2)
11,127
Average daily collection
147
151
157
158
109
114
122
(thousands of pounds)
m Information not available
(2) FY 2006 reported number of accounts not units as in prior periods
147
CITY OF AZUSA
Table 25 - Capital Asset Statistics by Function
Last Seven Fiscal Years
2003
2004
2005
2006
2007
2008
2009
Police:
Stations
1
1
1
1
1
1
1
Public Works:
Streets (lineal miles)
170
170
170
170
170
170
170
Traffic signals
52
52
52
52
52
52
52
Parks and recreation:
Parks
10
10
10
10
10
13
13
Park acreage
52
52
55
58
58
60
61
Community centers
1
1
2
2
2
3
3
Water:
Water mains (miles)
302
302
302
305
308
311
312
Number of fire hydrant
2,475
2,475
2,500
2,525
2,575
2,585
2,594
Maximum daily capacity
40,000
40,000
40,000
40,000
40,000
40,000
40,000
(hundred cubic feets)
Light:
Streetlights
42
66
65
64
65
65
65
Maximum daily consumption
143
170
171
153
169
169
169
(kWh)
Sewer:
Sanitary sewers (miles)
60
60
61
61
61
61
61
Storm sewers (miles)
15
15
15
15
15
15
15
Maximum daily treatment capacity
48
48
48
48
48
48
48
(cubic feet per second)
148
CITY OF AZUSA
Table 26 - Schedule of Credits
June 30, 2009
Alan Kreimeier
Director of Administrative Services/CFO
Joan Michaels Aguilar
Controller
Dave Nguyen
Senior Accountant
Henry Quintero
Senior Accountant
Roseanna Jara
Senior Accountant (RDA)
Esther Grijalva
Accountant
Susan Paragas
Budget Analyst
Lisa Rogers
Account Specialist II
149
General Overview
Letter of Transmittal
General Overview
Overall Coordination
Management's Discussion and Analysis
Statistical Section
General Fund as assigned
Enterprise Funds
Internal Service Fund -Consumer Service
Capital Projects Funds
General Fund as assigned
Fixed Assets Accounting
Grants Funds (Single Audit)
Special Revenue Funds as assigned
Redevelopment Agency
Public Financing Authority
General Fund as assigned
Internal Service Funds (except
Consumer Service)
Special Revenue Funds -Fire Safety
Fiduciary Fund
General Fund as assigned
Monthly report programming
Special Revenue Funds as assigned
Graphic designs
Statistical Section
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150