CITY OF PALM DESERT, CALIFORNIA Statement of Revenues, Expenses and Changes in Net Position Proprietary Funds For the Year Ended June 30, 2025
Business-Type ActivitiesTotal Enterprise FundsGovernmental Activities
Parkview Office ComplexDesert Willow Golf CourseInternal Service Funds
OPERATING REVENUES
Fees and rentals$ 1,325,850$ 10,633,952$ 11,959,802$ -
Miscellaneous-333,475333,475452,291
Merchandise sales-1,665,9991,665,999-
Total operating revenues1,325,85012,633,42613,959,276452,291
OPERATING EXPENSES
General and administrative97,4063,330,9163,428,322178,700
Cost of merchandise-661,088661,088-
Maintenance and operations2,934,1386,728,1939,662,331431,339
Depreciation/amortization318,6461,692,3542,011,000726,526
Total operating expenses3,350,19012,412,55115,762,7411,336,565
Operating income (loss)(2,024,340)220,875(1,803,465)(884,274)
NONOPERATING REVENUES (EXPENSES)
Interest income531,705189,169720,874-
Interest expense and fiscal charges-(75,809)(75,809)-
Contributions to component unit-(335,101)(335,101)-
Total nonoperating revenues (expenses)531,705(221,741)309,964-
Income (loss) before capital contributions and transfers(1,492,635)(866)(1,493,501)(884,274)
Capital contributions-79,32579,325-
Transfers in19,620-19,6203,950,608
Transfers out(376,285)-(376,285)-
Change in net position(1,849,300)78,459(1,770,841)3,066,334
Net position - beginning13,421,02266,084,34679,505,3688,630,893
Net position - ending$ 11,571,722$ 66,162,805$ 77,734,527$ 11,697,227
See accompanying Notes to the Basic Financial Statements