CITY OF PALM DESERT, CALIFORNIA Statement of Revenues, Expenditures and Changes in Fund Balances (Continued) For the Year Ended June 30, 2025
Capital Projects FundsTotal Governmental Funds
Restricted Capital Project FundTotal Non-Major Funds
REVENUES
Taxes$ -$ 5,048,819$ 99,920,081
Special assessments collected-1,669,5903,857,792
Licenses and permits-460,0161,870,568
Intergovernmental revenues-4,706,9748,118,989
Fees and rentals-329,2669,866,772
Charges for services-4,121,68210,783,474
Investment earnings2,775,7124,524,64617,085,932
Fines and forfeitures-1,394152,182
Miscellaneous-275,1171,251,338
Total revenues2,775,71221,137,504152,907,128
EXPENDITURES
Current:
General government5,6723,063,47035,343,813
Public safety243,565177,61745,392,840
Parks, recreation and culture-9,129,08815,416,612
Public works243,7525,899,41812,624,619
Housing-847,1349,523,008
Library-2,934,4182,934,418
Capital outlay5,434,82214,464,13123,864,718
Debt service:
Principal-379,046619,246
Interest-102,818111,809
Total expenditures5,927,81136,997,140145,831,083
Excess (deficiency) of revenues
over (under) expenditures(3,152,099)(15,859,636)7,076,045
OTHER FINANCING SOURCES (USES)
Transfers in-22,418,89729,910,322
Transfers out-(2,115,140)(33,504,265)
Lease and subscription arrangements-529,792670,410
Total other financing sources (uses)-20,833,549(2,923,533)
Net change in fund balances(3,152,099)4,973,9134,152,512
Fund balances-beginning, as originally reported47,233,17781,315,696346,295,685
Restatements - correction of error277,723-277,723
Fund balances-beginning, as restated47,510,90081,315,696346,573,408
Fund balances-ending$ 44,358,801$ 86,289,609$ 350,725,920
See accompanying Notes to the Basic Financial Statements