CITY OF PALM DESERT, CALIFORNIA Balance Sheet (Continued) Governmental Funds June 30, 2025
Capital Projects FundsTotal Nonmajor FundsTotal Governmental Funds
Restricted Capital Project FundTotal Nonmajor FundsTotal Governmental Funds
ASSETS
Cash and investments$ 43,538$ 87,177,472$ 279,232,515
Receivables:
Accounts-435,3904,727,994
Assessments-956,907956,907
Notes--926,000
Accrued interest202,86632,6321,132,338
Loans-789,62422,218,415
Leases-2,836,447
Deposits-20,00020,000
Prepaid costs55355,2391,059,755
Due from other governments-1,265,10114,296,135
Due from other funds--84,095
Advances to other funds-1,598,7732,307,773
Inventories-11,18314,825
Land held for resale--61,516
Due from component unit--420,000
Restricted assets:
Cash with fiscal agent59,227,5185761,177,031
Total assets$ 59,474,475$ 92,342,378$ 391,471,746
LIABILITIES
Accounts payable$ 214,520$ 3,689,802$ 13,336,364
Accrued Payroll--442,306
Unearned revenue14,901,154584,52615,510,709
Deposits received--4,185,430
Due to other funds-84,09584,095
Advances from other funds-709,000709,000
Total liabilities15,115,6745,067,42334,267,904
DEFERRED INFLOWS OF RESOURCES
Unavailable revenue-985,3463,681,054
Leases--2,774,291
Total deferred inflows of resources-985,3466,455,345
FUND BALANCES
Nonspendable1,10675,2392,750,350
Restricted44,357,69557,244,963189,098,617
Committed-1,966,00577,157,138
Assigned-27,003,40245,341,218
Unassigned--36,378,597
Total fund balances44,358,80186,289,609350,725,920
Total liabilities and fund balances$ 59,474,475$ 92,342,378$ 391,449,169
See accompanying Notes to the Basic Financial Statements