ANNUAL AUDIT REPORT - Laserfiche WebLink

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The General Fund budget to actual report can be found on page 68 of this report. Increases between the original and final budget were minimal. Actual revenues exceeded budgeted amounts by $4.2 million, primarily due to a payment of $4.3 million related to the Woolsey Fire. Actual operating expenditures were less than budgeted by $2.9 million across all divisions largely due to COVID-19 restrictions. Fund balance increased by $7.1 million rather than the budgeted $1.6 million decrease. Districtwide Assessment District Special Revenue and The budget to actual report for this fund can be found on page 69 of this report. Changes between the original and final budget in capital outlay are due to the timing of various projects. The positive variance in capital outlay primarily reflects appropriations that will be carried into FY 20-21 to complete capital projects in progress, primarily the Wildwood Bridge project. Dos Vientos Assessment District Special Revenue Fund The budget to actual report for this fund can be found on page 70 of this report. There was no change from the original to final budgets. Actual expenditures were $0.2 million less than budgeted, primarily due to delays in projects that will be carried into FY 20-21. Rancho Conejo Assessment District Special Revenue Fund The budget to actual report for this fund can be found on page 71 of this report. There was no change from the original to final budgets. Actual expenditures ending the year at less than budgeted is primarily driven by savings in water expenditures. District investment in capital assets for its governmental activities as of June 30, 2020, totaled $91.2 million (net of accumulated depreciation). Capital assets include land, buildings, improvements, equipment, and construction in progress. The total decrease in capital assets for fiscal year 2019/20 was $3.6 million, consisting of increases in buildings, improvements, equipment and construction in progress, offset by depreciation in buildings, improvements and equipment. Additional information on the District's capital assets can be found on page 41 of this report.