City of Palm Desert Changes in Net Position Last Ten Fiscal Years (Accrual Basis of Accounting)
Expenses20252024202320222021
Governmental Activities:
General government39,384,39746,406,29326,185,06524,738,04025,610,212
Public safety47,044,93043,639,88440,753,73437,396,78034,280,941
Housing & Redevelopment9,719,05027,871,77313,251,1929,626,39910,496,579
Parks, recreation and culture16,867,16920,317,78619,112,4838,880,9847,969,386
Public works26,114,83028,646,48520,646,93622,071,59824,979,279
Library2,934,418606,561---
Payments to other agencies---2,692-
Interest on long term debt64,265153,203143,521148,079176,259
Total Governmental activities Expenses142,129,059167,641,985120,092,931102,864,572103,512,656
Business-Type Activities:
Desert Willow Golf Course12,823,46112,973,34111,073,1289,910,8138,960,991
Office Complex - Parkview3,350,1901,362,3131,409,321951,353872,212
Total Business-Type Activities16,173,65114,335,65412,482,44910,862,1669,833,203
Total primary government expenses158,302,710181,977,639132,575,380113,726,738113,345,859
Program Revenues
Governmental Activities
Charges for services
General government3,045,8892,889,4642,678,1352,901,2262,437,840
Housing & Redevelopment9,539,2939,193,03111,016,6318,060,7267,455,959
Public safety22,620,83820,828,17218,831,12617,506,65818,828,021
Parks, recreation and culture3,605,3043,578,8053,339,445675,307325,485
Public works3,117,7062,860,3512,958,6063,075,3512,443,299
Operating grants & contributions10,428,3429,902,19613,039,73420,328,30810,617,579
Capital grants & contributions4,713,71217,310,8064,673,4984,828,19716,836,560
Total Governmental Activities Program Revenues57,071,08466,562,82556,537,17557,375,77358,944,743
Business-Type Activities
Charges for Service:
Desert Willow Golf Course12,633,42612,200,23612,159,41911,068,8479,171,607
Office Complex - Parkview1,325,8501,220,7901,473,3761,340,6801,291,020
Capital grants & contributions79,325189,93199,154187,083220,198
Total Business-type activities program revenue14,038,60113,610,95713,731,94912,596,61010,682,825
Total Primary Government program revenue71,109,68580,173,78270,269,12469,972,38369,627,568
Net (Expense) / Revenue
Governmental activities(85,057,975)(101,079,160)(63,555,756)(45,488,799)(44,567,913)
Business-type activities(2,135,050)(724,697)1,249,5001,734,444849,622
Total Primary Government Net Expense(87,193,025)(101,803,857)(62,306,256)(43,754,355)(43,718,291)
General Revenues & Other Changes in Net Position
Governmental Activities:
Taxes: (Combined/Net Pass-through)77,298,51867,521,29867,809,19066,204,76447,221,069
Investment Earnings5,165,176(1,971,646)301,330
Gain/(loss) on sales of capital assets-825,294--
Miscellaneous19,799,57221,092,0081,250,4803,850,7981,214,362
Special Item (3)-----
Transfers In / (Out)356,665294,105---
Gain on Transfer to Successor Agency/ Extraordinary Gain (2)-----
Total Governmental activities Net Revenues97,454,75588,907,41175,050,14068,083,91648,736,761
Business-Type Activities:
Investment Earnings450,279(99,994)20,283
Gain/(loss) on sales of capital assets-----
Miscellaneous720,874743,269257,743138,421114,283
Transfers Out(356,665)(294,105)---
Total Business-type activities364,209449,164708,02238,427134,566
Total primary government97,818,96489,356,57575,758,16268,122,34348,871,327
Change in Net Position
Governmental Activities:12,396,780(12,171,749)11,494,38422,595,1174,168,848
Business-Type Activities:(1,770,841)(275,533)1,957,5221,772,871984,188
Total primary government10,625,939(12,447,282)13,451,90624,367,9885,153,036
(1) On February 1, 2012 the State of California dissolved the City of Palm Desert Redevelopment Agency as part of the Statewide dissolution of all City Redevelopment Agencies, which in turn created the Successor Agency to the Redevelopment Agency of the City of Palm Desert.
(2) 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.
(3) City established an allowance for advances owed by the Successor Agency.
Source: CITY Finance Department