CITY OF PALM DESERT, CALIFORNIA Statement of Net Position (Continued) June 30, 2025
Primary GovernmentComponent Unit
Governmental ActivitiesBusiness-Type ActivitiesTotalPalm Desert Recreational Facilities Corporation
LIABILITIES
Accounts payable$ 13,620,626$ 982,154$ 14,602,780$ 54,390
Accrued liabilities442,306295,731738,037144,079
Accrued interest8,494-8,4943,441
Deposits payable15,510,709327,59415,838,303-
Unearned revenue4,185,43026,5904,212,020107,201
Noncurrent liabilities:
Due within one year:
Due to component unit-1,640,1381,640,138-
Financed purchases-90,63290,632-
Bonds, notes, leases, SBITA, claims, and compensated absences1,307,795-1,307,79555,142
Due in more than one year:
Due to primary government---2,213,417
Net pension liability42,151,310-42,151,310-
Net OPEB liability2,526,627-2,526,627-
Financed purchases-53,92553,925-
Bonds, notes, leases, SBITA, claims and compensated absences5,545,162-5,545,1622,366,395
Total liabilities85,298,4593,416,76488,715,2234,944,065
DEFERRED INFLOWS OF RESOURCES
OPEB-related777,125-777,125-
Lease-related2,774,2916,708,8859,483,176-
Total deferred inflows of resources3,551,4166,708,88510,260,301-
NET POSITION
Net investment in capital assets426,387,33166,822,118493,209,449-
Restricted:
Capital projects78,407,517-78,407,517-
Debt service163,255-163,255-
Low income housing65,136,622-65,136,622-
Public facilities9,968,763-9,968,763-
Public safety27,277,200-27,277,200-
Special programs3,733,017-3,733,017-
Street related purposes4,412,243-4,412,243-
Unrestricted142,404,06810,912,409153,316,477-
Total net position$ 757,890,016$ 77,734,527$ 835,624,543$ -
See accompanying Notes to the Basic Financial Statements