CITY OF PALM DESERT, CALIFORNIA Statement of Net Position Proprietary Funds June 30, 2025
Business-Type ActivitiesGovernmental Activities
Parkview Office ComplexDesert Willow Golf CourseTotal Enterprise FundsInternal Service Funds
ASSETS
Current assets:
Cash and investments$ 6,823,245$ 6,477,089$ 13,300,334$ 11,587,166
Receivables (net of uncollectibles):
Accounts73,963112,670186,633-
Leases953,698-953,698-
Due from other governments25,590-25,590-
Prepaid costs16038,40338,563-
Inventories-352,900352,900-
Due from component unit-1,793,4171,793,417-
Total current assets7,876,6568,774,47916,651,13511,587,166
Noncurrent:
Leases receivable5,841,139-5,841,139-
Capital assets (not being depreciated/amortized)-53,318,50753,318,50711,821
Capital assets (net of accumulated depreciation/amortization)4,657,9198,990,24913,648,1682,994,711
Total noncurrent assets10,499,05862,308,75672,807,8143,006,532
Total assets18,375,71471,083,23589,458,94914,593,698
LIABILITIES
Current liabilities:
Accounts payable65,486916,668982,154261,685
Accrued liabilities-295,731295,731-
Unearned revenue3,031324,563327,594-
Deposits received26,590-26,590-
Due to component unit-1,640,1381,640,138-
Financed purchases-90,63290,632-
Compensated absences---500,000
Total current liabilities95,1073,267,7323,362,839761,685
Noncurrent liabilities:
Financed purchases-53,92553,925-
Advances from other funds-1,598,7731,598,773-
Compensated absences---2,134,786
Total noncurrent liabilities-1,652,6981,652,6982,134,786
Total liabilities95,1074,920,4305,015,5372,896,471
DEFERRED INFLOWS OF RESOURCES
Leases6,708,885-6,708,885-
Total deferred inflows of resources6,708,885-6,708,885-
NET POSITION
Net investment in capital assets4,657,91962,164,19966,822,1183,006,532
Unrestricted6,913,8033,998,60610,912,4098,690,695
Total net position$ 11,571,722$ 66,162,805$ 77,734,527$ 11,697,227
See accompanying Notes to the Basic Financial Statements