{ "document_id": 11748, "page": 90, "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": 17, "counts_by_type": { "footer": 1, "header": 1, "heading": 2, "table": 1, "table_cell": 9, "text": 3 }, "build_ms": 3, "items": [ { "id": "p90.1", "order": 1, "type": "header", "bbox": { "l": 51.36, "t": 758.64, "r": 236.16, "b": 721.44 }, "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": "p90.2", "order": 2, "type": "heading", "bbox": { "l": 51.36, "t": 705.12, "r": 390, "b": 692.88 }, "text": "NOTE 10 - RISK MANAGEMENT AND CLAIMS PAYABLE (CONTINUED)", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p90.3", "order": 3, "type": "text", "bbox": { "l": 51.6, "t": 686.16, "r": 359.28, "b": 673.2 }, "text": "Changes in claims liabilities during the past two years are as follows:" }, { "id": "p90.4", "order": 4, "type": "table", "bbox": { "l": 53.76, "t": 661.44, "r": 497.28, "b": 516.72 }, "text": "", "attrs": { "block_label": "table", "n_rows": 3, "n_cols": 3, "integrity": { "cells_checked": 8, "cells_flagged": 0 } }, "children": [ { "id": "p90.4.1", "order": 5, "type": "table_cell", "bbox": { "l": 53.76, "t": 661.44, "r": 201.6, "b": 643.35 }, "text": "", "attrs": { "row": 0, "col": 0, "rowspan": 1, "colspan": 1 } }, { "id": "p90.4.2", "order": 6, "type": "table_cell", "bbox": { "l": 347.06967, "t": 661.4001000000001, "r": 410.41987, "b": 648.1101 }, "text": "June 30, 2024", "attrs": { "row": 0, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true, "column_header": true, "header_source": "heuristic" } }, { "id": "p90.4.3", "order": 7, "type": "table_cell", "bbox": { "l": 426.56967, "t": 661.4001000000001, "r": 489.91987, "b": 648.1101 }, "text": "June 30, 2025", "attrs": { "row": 0, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true, "column_header": true, "header_source": "heuristic" } }, { "id": "p90.4.4", "order": 8, "type": "table_cell", "bbox": { "l": 56.62947, "t": 644.1501000000001, "r": 322.039404, "b": 582.8601 }, "text": "Claims payable - Beginning of year\nIncurred claims (including IBNR) and changes in estimates\nClaims payments\nClaims payable - End of year", "attrs": { "row": 1, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p90.4.5", "order": 9, "type": "table_cell", "bbox": { "l": 367.70977, "t": 644.1501000000001, "r": 415.500207, "b": 582.8601 }, "text": "$ 679,881\n3,987,107\n(991,648)\n$ 3,675,340", "attrs": { "row": 1, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p90.4.6", "order": 10, "type": "table_cell", "bbox": { "l": 443.87967, "t": 644.1501000000001, "r": 495.000073, "b": 582.8601 }, "text": "$ 3,675,340\n(1,707,500)\n(1,126,169)\n$ 841,671", "attrs": { "row": 1, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p90.4.7", "order": 11, "type": "table_cell", "bbox": { "l": 62.62994, "t": 566.1501000000001, "r": 256.51011, "b": 538.6101 }, "text": "Claims payable - due in one year\nClaims payable - due in more than one year", "attrs": { "row": 2, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p90.4.8", "order": 12, "type": "table_cell", "bbox": { "l": 367.71038, "t": 566.1501000000001, "r": 412.170344, "b": 519.1101 }, "text": "$ 1,212,864\n2,462,476\n$ 3,675,340", "attrs": { "row": 2, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p90.4.9", "order": 13, "type": "table_cell", "bbox": { "l": 455.54004, "t": 566.1501000000001, "r": 491.670451, "b": 519.1101 }, "text": "$ 276,752\n564,919\n$ 841,671", "attrs": { "row": 2, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } } ] }, { "id": "p90.5", "order": 14, "type": "heading", "bbox": { "l": 51.6, "t": 506.16, "r": 275.76, "b": 493.92 }, "text": "NOTE 11 - DEFERRED COMPENSATION PLAN", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p90.6", "order": 15, "type": "text", "bbox": { "l": 51.36, "t": 483.84, "r": 559.92, "b": 446.64 }, "text": "The City offers its employees a deferred compensation plan created in accordance with Internal Revenue Code Section 457. The plan, available to all City employees, permits them to defer a portion of their salary until future years." }, { "id": "p90.7", "order": 16, "type": "text", "bbox": { "l": 51.6, "t": 437.52, "r": 560.4, "b": 316.56 }, "text": "The deferred compensation is not available to employees until termination, retirement, death or unforeseeable emergency. Pursuant to changes in August 1996, of IRC Section 457, in January 1997, the City established a trust in which all assets held by Nationwide Retirement Solutions, Inc. (NRS) and ICMA Retirement Corporation (ICMA) were placed. In June 2024, the City transitioned all 457 accounts from Nationwide and ICMA to Empower. The City does not have fiduciary responsibility for the plan assets held by NRS, ICMA, or Empower. The assets, all property and rights purchased with such amounts and all income attributable to such amounts are held in trust for the exclusive benefit of the participants and the beneficiaries. The assets are no longer the property of the City, and as such, are no longer subject to the claims of the City's general creditors. As a result, the assets of the 457 plan in the amount of $15,873,542 held by NRS, ICMA, and Empower of the 457 Plan are not reflected in the City's financial statements." }, { "id": "p90.8", "order": 17, "type": "footer", "bbox": { "l": 298.8, "t": 47.28, "r": 312.72, "b": 36 }, "text": "90", "attrs": { "block_label": "number" } } ], "excluded_furniture": { "first": [], "last": [] } }