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October 18, 2018

Community Update

by Tami Scott, Administrative Services Director

Within six months of the close of each fiscal year (June 30th), state law requires the City of Cathedral City to publish a complete set of financial statements presented in conformance with Generally Accepted Accounting Principles of the United States of America (U.S. GAAP) and audited in accordance with generally accepted auditing standards by a firm of licensed certified public accountants. Prepared by the Finance Department according to Municipal Code, Section 2.12.040, this report is referred to as the City’s Comprehensive Annual Financial Report (CAFR).

The CAFR consists of management’s representations concerning the finances of the City. Responsibility for the accuracy of the data and the completeness and fairness of the presentation, including all disclosures, rests with the management of the City. To provide a reasonable basis for making those representations, City management has established a comprehensive internal control framework designed to both protect the government’s assets from loss, theft, or misuse and to compile sufficient reliable information for the preparation of the City’s financial statements in conformity with U.S. GAAP.

Lance, Soll, & Lunghard, LLP, a statewide firm of licensed certified public accountants, is the independent auditor of the City’s finances. Each year, the goal of the independent audit is to provide assurance the financial statements are free of misstatement. The audit involves examining evidence supporting the amounts and disclosures in the financial statements for 50+ funds the City manages; assessing the accounting principles used, the legal and appropriate checks and balances that are in place to minimize risk; and, evaluating the overall presentation of the financial statements. Based upon the annual audit that was conducted this fall, the independent auditors have concluded there is a basis for rendering a favorable opinion of the City’s financial statements as of and for the year ended June 30, 2018.

Although the City continues to recover from the Great Recession of 2007, it has been necessary for the City to take certain actions to minimize the impact to the City’s ability to provide vital community services.  This is predominantly due to the highly concentrated revenue source derived from the auto sales and services, which is considered a highly volatile industry. In order to mitigate this economic volatility and the associated risk of another downturn in our economy, it is essential we grow our General Fund’s “Savings Account”, which is formally known as our fund balance. As a result, under the direction of the City Council effective July 1, 2014, the City’s Fund Balance (“Savings Account”) Policy was amended to establish specific goals for our savings account:

Under the policy, the City must maintain a minimum fund balance of 33% of its annual general fund operating budget.  By the year 2020, the City must grow its fund balance to 50% of its annual general fund operating budget for the following purposes: (1) cash flow (50%); (2) economic uncertainties/volatility (40%); and (3) unplanned budget-related adjustments (10%). The purpose is to alleviate significant unanticipated budget shortfalls and to ensure the orderly provisions of services to citizens to this community.

During fiscal year 2017/2018, we were fortunate to receive some growth in the new cannabis industry revenues that have moved us towards achieving our General Fund Balance or “Saving’s Account” target sooner than expected.  The City generated revenues in the amount of $44,310,602 and incurred expenditures in the amount of $43,421,847 resulting in a net surplus of $888,755. At the end of fiscal year 2017/2018 (June 30, 2018), the City’s General Fund savings account has a balance of $19,331,246 or 44.5% of our 2017/2018 General Fund Annual Operating Budget, which brings us closer to achieving City Council’s 50% “Savings Account” target.  Here’s to a healthy, safe and prosperous new (fiscal) year for the City of Cathedral City and the residents we serve.

News

Firefighters Pancake Breakfast Enjoyed by the Community

Firefighters Pancake Breakfast Enjoyed by the Community

In celebration of National Fire Prevention Week, the Cathedral City Firefighters provided a free pancake breakfast on Saturday, October 13, 2018 from 8 am to 10:30 am at Fire Station 412, 32100 Desert Vista Road in Cathedral City.  Attendees enjoyed pancakes, sausage, fruit, juice, coffee – the whole works. Although the firefighters didn’t win the Meatball contest this year, they …Read more.

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Cyber Kidnapping Scams Are Increasing - Helpful Tips

Cyber Kidnapping Scams Are Increasing - Helpful Tips

This is a public safety-related message in response to the increasing number of virtual kidnapping scams. These are also known as cyber-kidnapping scams or phone kidnapping scams.    Virtual kidnapping and extortion scams are on the rise in the Coachella Valley. In these types of incidents, an unknown caller pretends to have kidnapped a relative or friend and immediately demands …Read more.

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City Hall at Your Corner - Tuesday, October 23rd

City Hall at Your Corner - Tuesday, October 23rd

Have an issue you would like to speak to your city councilmembers about or learn what is happening in Cathedral City? Then join us for “City Hall at Your Corner” hosted by two members of the City Council, Mayor Pro Tem Greg Pettis and Councilmember Shelley Kaplan. The forum will take place on Tuesday, October 23, 2018 from 9:30 am …Read more.

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Food Truck Mash-Up rolls into Cathedral City, hot air balloons included (Desert Sun)

Food Truck Mash-Up rolls into Cathedral City, hot air balloons included (Desert Sun)

Save the date because on Nov. 17, the Food Truck Mash-Up rolls into the Coachella Valley as part of the fifth annual Cathedral City Hot Air Balloon Festival. This is the last stop on a nine-stop U.S. tour intended to bring "more food and fun to the community of the Coachella Valley," said T.H. Waldman, senior manager of event marketing for Gannett. Guests can expect an array …Read more.

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Mural Artist and Celebrity Signing Ceremony Featuring Cub Swanson and Tim Bradley

Mural Artist and Celebrity Signing Ceremony Featuring Cub Swanson and Tim Bradley

Join the City Council of Cathedral City, Mural Artist Rick Rodriguez, World Boxing Champion Tim Bradley and Mixed Martial Arts and Ultimate Fighting Championship Competitor Kevin Luke “Cub” Swanson for a “Mural Artist and Celebrity Signing Ceremony” on Wednesday, October 24th starting at 2:30 p.m. and located outside of One Eleven Conditioning Club, 68571 E. Palm Canyon Drive in Cathedral …Read more.

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CC Senior Center Offers a ‘Friendly Caller’ Program

CC Senior Center Offers a ‘Friendly Caller’ Program

“Taking the Fear Out Of Living Alone” Senior citizens living alone can present a significant problem for their families, their neighbors, their communities and themselves notes a National Academy of Sciences study. Both isolation and loneliness are associated with higher risk of mortality in adults aged 52 years and older. “People who live longer and lack social contacts may be …Read more.

Events

City Hall at Your Corner

City Hall at Your Corner

Have an issue you would like to speak to your city councilmembers about or learn what is happening in Cathedral City? Then join us for “City Hall at Your Corner” hosted by two members of the City Council, Mayor Pro Tem Greg Pettis and Councilmember Shelley Kaplan.   The forum will take place on Tuesday, October 23, 2018 from 9:30 …Read more.

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Cuisine & Art Tuesdays - Month of October 2018

Cuisine & Art Tuesdays - Month of October 2018

Back by popular demand! https://www.youtube.com/watch?v=QEQbVnidFd8 “Cuisine & Art Tuesdays” A Delectable Dining & Art Experience Every Tuesday in October Go to where the interior designers from around the globe go while they visit the Coachella Valley, the amazing art and decór galleries along Perez Road in Cathedral City.  Join other art enthusiasts every Tuesday in October for “Cuisine & Art …Read more.

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Mural Artist and Celebrity Signing Ceremony Happens October 24th

Mural Artist and Celebrity Signing Ceremony Happens October 24th

https://www.youtube.com/watch?v=X2JrPvMgaOU Join the City Council of Cathedral City, Mural Artist Rick Rodriguez, World Boxing Champion Tim Bradley and Mixed Martial Arts and Ultimate Fighting Championship Competitor Kevin Luke “Cub” Swanson for a “Mural Artist and Celebrity Signing Ceremony” on Wednesday, October 24th starting at 2:30 p.m. and located outside of One Eleven Conditioning Club, 68571 E. Palm Canyon Drive in …Read more.

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Cathedral City Homecoming Parade & Rally
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Cathedral City Senior Center's Pasta Suprema!

Cathedral City Senior Center's Pasta Suprema!

The Cathedral City Senior Center is hosting its third annual benefit Pasta Dinner on Friday, Oct. 26.  The Pasta Suprema! event helps underwrite general operating expenses of the Senior Center. An elegant pasta and sauce bar is being hosted by primary event sponsor Nicolino’s Fine Italian Restaurant. This is no typical “spaghetti feed,” points out Mark Carnevale, owner of the …

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ecacbb dia de los muertos

Dia de los Muertos (Day of the Dead)

Cathedral City is proud to sponsor the annual "Día de los Muertos" featuring: mariachi bands folkloric dancers an art contest for students a children’s craft area supervised by SCRAP Gallery information tables Community Altar food vendors   Día de los Muertos Day of the Dead A Celebration Honoring the Memory of Loved Ones     Saturday, October 27, 2018 11:00 am …

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Halloween Spooktacular 2018

Halloween Spooktacular 2018

20,000 Pieces of Candy! Food Vendors, Costume Contest, and much more!

The Cathedral City Police Department, Cathedral City Fire Department, and City of Cathedral City’s Special Events bring to you the Halloween Spooktacular, Sunday, October 28, 2017 from 12-3 pm. The event will occur in downtown in front of City Hall, 68-700 Avenida Lalo Guerrero. Halloween Spooktacular will include free admission as well as exhibits sponsored by non-profit organizations, the Cathedral City Police Department and Cathedral City Fire Department. ...Read more.

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Stop Identity Theft Program

Stop Identity Theft Program

To help STOP identity theft and as a service to its residents, the City of Cathedral City is hosting FREE Document Shredding Events. The Shredding Events are the first Saturday of the month October thru May each year.

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sday

Two for Tuesday

Cathedral City residents can ice skate for half-price on the first Tuesday of every month (excluding holidays) at Desert Ice Castle. Just bring proof of being a Cathedral City resident, such as an Driver’s license, copy of a utility bill, or any other form of residential proof.  Ages 3 years and up. The Time for Public Skate Available for "Two …

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deefba

Healing Field

"Healing Field" is a tribute to the men and women of uniform who gave the ultimate sacrifice to our country since September 2001.  The event is organized by the Cathedral City Rotary and sponsored by the City of Cathedral City. Located in Patriot Park next to Big League Dreams Sports Park at the corner of Date Palm Drive and Dinah …

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2nd Saturdays Art Walk on Perez Road

2nd Saturdays Art Walk on Perez Road

2nd Saturdays Art Walk on Perez Road

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The Roast of Mayor Stan Henry

The Roast of Mayor Stan Henry

Mayor Stan Henry will leave office after serving two terms.  There is no better way to honor him than by bringing friends and family together for a comedic Roast!  Enjoy a night of comedy and help support a local charity, the Cathedral City Evening Rotary.  V.I.P. seats are $35 and reserved seats are $25.  All proceeds benefit the Rotary.  Please …

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5th Annual Cathedral City Hot Air Balloon Festival

5th Annual Cathedral City Hot Air Balloon Festival

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North Pole Village at Snow Fest

North Pole Village at Snow Fest

Bring the entire family for this special event that shall become a tradition!  North Pole Village at Snow Fest captures all the holiday spirit and places it at one event.  You will enjoy an outdoor market featuring holiday arts & crafts, food, treats, and beverages including hot chocolate.  Best of all, you will be captivated by a stroll down Main Street at the North Pole Village lit up with holiday lights.  Listen to holiday music, smell the fresh cookies baking, and  ...Read more.

For Questions or Comments, Contact Chris Parman, Communications and Events Manager
cparman@cathedralcity.gov