{ "document_id": 11748, "page": 69, "width_pt": 612, "height_pt": 792, "rotation": 0, "pipeline_version": "paddleocr-vl-1.6+paul-48", "engine": "paddleocr_vl", "source_run_id": 11861, "item_count": 12, "counts_by_type": { "footer": 1, "header": 1, "heading": 2, "text": 8 }, "build_ms": 2, "items": [ { "id": "p69.1", "order": 1, "type": "header", "bbox": { "l": 51.36, "t": 758.4, "r": 236.16, "b": 721.68 }, "text": "CITY OF PALM DESERT, CALIFORNIA\nNotes to Basic Financial Statements\nFor the Year Ended June 30, 2025", "attrs": { "block_label": "header" }, "level": 2 }, { "id": "p69.2", "order": 2, "type": "heading", "bbox": { "l": 51.36, "t": 705.12, "r": 423.84, "b": 692.88 }, "text": "NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p69.3", "order": 3, "type": "text", "bbox": { "l": 51.12, "t": 685.92, "r": 560.16, "b": 624.72 }, "text": "This Statement describes unusual or infrequent items as transactions and other events that are either unusual in nature or infrequent in occurrence. Furthermore, governments are required to display the inflows and outflows related to each unusual or infrequent item separately as the last presented flow(s) of resources prior to the net change in resource flows in the government-wide, governmental fund, and proprietary fund statements of resource flows." }, { "id": "p69.4", "order": 4, "type": "text", "bbox": { "l": 51.36, "t": 615.84, "r": 560.4, "b": 506.64 }, "text": "This Statement also requires that the proprietary fund statement of revenues, expenses, and changes in fund net position continue to distinguish between operating and nonoperating revenues and expenses. Operating revenues and expenses are defined as revenues and expenses other than nonoperating revenues and expenses. Nonoperating revenues and expenses are defined as (1) subsidies received and provided, (2) contributions to permanent and term endowments, (3) revenues and expenses related to financing, (4) resources from the disposal of capital assets and inventory, and (5) investment income and expenses. In addition to the subtotals currently required in a proprietary fund statement of revenues, expenses, and changes in fund net position, this Statement requires that a subtotal for operating income (loss) and noncapital subsidies be presented before reporting other nonoperating revenues and expenses." }, { "id": "p69.5", "order": 5, "type": "text", "bbox": { "l": 51.36, "t": 498, "r": 559.92, "b": 448.8 }, "text": "This Statement requires governments to present each major component unit separately in the reporting entity's statement of net position and statement of activities if it does not reduce the readability of the statements. If the readability of those statements would be reduced, combining statements of major component units should be presented after the fund financial statements." }, { "id": "p69.6", "order": 6, "type": "text", "bbox": { "l": 51.12, "t": 439.92, "r": 560.16, "b": 390.96 }, "text": "This Statement requires governments to present budgetary comparison information using a single method of communication—RSI. Governments also are required to present (1) variances between original and final budget amounts and (2) variances between final budget and actual amounts. An explanation of significant variances is required to be presented in notes to RSI." }, { "id": "p69.7", "order": 7, "type": "text", "bbox": { "l": 51.36, "t": 381.84, "r": 559.44, "b": 357.12 }, "text": "The requirements of this Statement are effective for fiscal years beginning after June 15, 2025, and all reporting periods thereafter." }, { "id": "p69.8", "order": 8, "type": "heading", "bbox": { "l": 51.84, "t": 348, "r": 351.6, "b": 335.52 }, "text": "GASB Statement No. 104, Disclosure of Certain Capital Assets", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p69.9", "order": 9, "type": "text", "bbox": { "l": 50.16, "t": 325.68, "r": 560.16, "b": 216.48 }, "text": "The requirements of this statement will provide users of government financial statements with essential information about certain types of capital assets. This Statement requires certain types of capital assets to be disclosed separately in the capital assets note disclosures required by Statement 34. Lease assets recognized in accordance with Statement No. 87, Leases, and intangible right-to-use assets recognized in accordance with Statement No. 94, Public-Private and Public-Public Partnerships and Availability Payment Arrangements, should be disclosed separately by major class of underlying asset in the capital assets note disclosures. Subscription assets recognized in accordance with Statement No. 96, Subscription-Based Information Technology Arrangements, also should be separately disclosed. In addition, this Statement requires intangible assets other than those three types to be disclosed separately by major class." }, { "id": "p69.10", "order": 10, "type": "text", "bbox": { "l": 51.12, "t": 207.84, "r": 560.4, "b": 122.64 }, "text": "This Statement also requires additional disclosures for capital assets held for sale. A capital asset is a capital asset held for sale if (a) the government has decided to pursue the sale of the capital asset and (b) it is probable that the sale will be finalized within one year of the financial statement date. This Statement requires that capital assets held for sale be evaluated each reporting period. Governments should disclose (1) the ending balance of capital assets held for sale, with separate disclosure for historical cost and accumulated depreciation by major class of asset, and (2) the carrying amount of debt for which the capital assets held for sale are pledged as collateral for each major class of asset." }, { "id": "p69.11", "order": 11, "type": "text", "bbox": { "l": 51.84, "t": 113.76, "r": 559.44, "b": 89.76 }, "text": "The requirements of this Statement are effective for fiscal years beginning after June 15, 2025, and all reporting periods thereafter." }, { "id": "p69.12", "order": 12, "type": "footer", "bbox": { "l": 299.04, "t": 46.56, "r": 312.24, "b": 36.48 }, "text": "69", "attrs": { "block_label": "number" } } ], "excluded_furniture": { "first": [], "last": [] } }