The Capital Golf fund advanced $3,627,329 to the Desert Willow Golf Course for the purchases of golf carts totaling $1,598,773. The advance for the golf carts will be repaid over 48 months beginning January 1, 2024 and bears interest at a rate of 2.5%. The advance for the golf course equipment will be repaid over 60 months beginning November 1, 2022 and bears interest at a rate of 2.5%.

The future payment schedule for these advances are as follows:

The Palm Desert Recreational Facilities Corporation (the Corporation) owes the General Fund $420,000 in deferred unpaid rent for various years through FY 2020-21 associated with the lease between the City and the Corporation. The Corporation owes the Desert Willow Golf Course Fund $1,793,417 which represents subsidies for operation, $1,437,644 of which relates to prior fiscal years and $355,773 which relates to the current year. There is no payment schedule in place for the repayment of these amounts, therefore these transactions have been recorded as long-term in the accompanying financial statements.

The composition of interfund transfers as of June 30, 2025, was as follows:

Transfers Out Transfers In

General Fund $ - - 380,542 - - 380,542

Housing Authority

Special Revenue Fund - - - - - - 2,115,140

Other Governmental Funds 2,115,140 - - - - - 376,285

Parkview Office 376,285 - - - - - 376,285

Totals $ 2,491,425 $ 5,000,000 $ 22,418,897 $ 3,950,608 $ 19,200 $ 33,880,130

- 5,000,000 22,038,355 $ 3,950,608 $ 19,200 $ 31,008,163

General Fund Prop A Fire Tax Special Revenue Fund Other Governmental Funds Internal Service Fund Parkview Office Totals