92c321fa-d621-47ce-b065-8ed43bd0c13b_42026__City_of_Palm_Desert_ACFR_FS_Final_01292026-artifacted.pdf — PaddleOCR-VL (Baidu)

City of Palm Desert Net Position by Component Last Ten Fiscal Years (Accrual Basis of Accounting)

Governmental Activities	2025	2024	2023	2022	2021
Net Investment in capital assets	426,387,331	413,793,558	416,680,537	422,400,639	421,568,819
Restricted	189,098,617	175,943,758	172,531,052	164,636,470	197,082,889
Unrestricted	142,404,068	155,755,920	156,106,349	146,766,766	92,557,050
Total Governmental Activities Net Position	757,890,016	745,493,236	(1)	745,317,938	733,803,875
Business-Type Activities	-	-	-	-	-
Net Investment in capital assets	66,822,118	68,469,469	69,239,563	67,327,809	67,981,326
Unrestricted	10,912,409	12,340,936	10,541,338	10,495,570	8,069,182
Total Business-type Activities Net Position	77,734,527	80,810,405	79,780,901	77,823,379	76,050,508
Primary Government
Net Investment in capital assets	493,209,449	482,263,027	485,920,100	489,728,448	489,550,145
Restricted	189,098,617	175,943,758	172,531,052	164,636,470	197,082,889
Unrestricted	153,316,477	168,096,856	166,647,687	157,262,336	100,626,232
Total Primary Government Net Position	835,624,543	826,303,641	825,098,839	811,627,254	787,259,266

Governmental Activities	2020	2019	2018	2017	2016
Net Investment in capital assets	424,163,964	429,729,549	438,184,070	449,037,170	459,644,720
Restricted	196,858,726	200,536,233	197,349,364	197,824,604	193,298,431
Unrestricted	86,017,220	90,057,306	83,054,707	87,091,894	78,812,066
Total Governmental Activities Net Position	707,039,910	720,323,088	718,588,141	733,953,668	731,755,217 (2)
Business-Type Activities	-	-	-
Net Investment in capital assets	68,394,059	69,070,734	69,111,797	69,829,772	70,202,487
Restricted	-	-	-	-	-
Unrestricted	6,672,261	6,590,251	5,609,843	4,829,456	4,479,575
Total Business-type Activities Net Position	75,066,320	75,660,985	74,721,640	74,659,228	74,682,062
Primary Government
Net Investment in capital assets	492,558,023	498,800,283	507,295,867	518,866,942	529,847,207
Restricted	196,858,726	200,536,233	197,349,364	197,824,604	193,298,431
Unrestricted	92,689,481	96,647,557	88,664,550	91,921,350	83,291,641
Total Primary Government Net Position	782,106,230	795,984,073	793,309,781	808,612,896	806,437,279

The City's 2024 net position was restated due to an error corrections related to expenditures that were not capitalized as part of construction in progress and unrecorded accrued interest.

The City's Capital Properties Capital Project Fund received $65,566,963 and the Housing Asset Fund received $6,571,706 for a combined total of $72,138,669 of capital bond proceeds transferred from the Successor Agency.