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July 23, 2019

Community Update

by Administrative Services Director, Tami Scott

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).

I’m pleased to report that during fiscal year 2016/2017, we were fortunate to receive some unexpected one-time monies 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 $39,292,064 and incurred expenditures in the amount of $37,393,855 resulting in a net surplus of $1,898,209. At the end of fiscal year 2016/2017 (June 30, 2017), the City’s General Fund savings account has a balance of $20,942,491 or 56% of our 2016/2017 General Fund Annual Operating Budget, exceeding the City Council’s 50% “Savings Account” target.  This is well in advance of the target to achieve by 2020. 

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, 2017.

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.

Here’s to a healthy, safe and prosperous new (fiscal) year for the City of Cathedral City and the residents we serve.

News

CITY OF CATHEDRAL CITY RECEIVES AN AWARD FOR ITS BUDGET PLANNING & REPORTING – 10TH YEAR IN A ROW

CITY OF CATHEDRAL CITY RECEIVES AN AWARD FOR ITS BUDGET PLANNING & REPORTING – 10TH YEAR IN A ROW

The Government Finance Officers Association of the United States and Canada (GFOA) recognized the City of Cathedral City for its biennial budget for the biennium beginning July 1, 2017 through June 30, 2019. Cathedral City received the prestigious award as the …

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Cathedral City Police Department Is Raising Awareness and Funds to Battle Breast Cancer

Cathedral City Police Department Is Raising Awareness and Funds to Battle Breast Cancer

October is National Breast Cancer Awareness Month. The Cathedral City Police Department has joined the Pink Patch Project (#PinkPatchProject), which is an innovative public awareness campaign designed to bring attention to the fight against breast cancer and to support breast cancer research organizations in combating this devastating …

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Sunniva Inc. receives Final Approval for a High-tech Medical Cannabis Facility in California

Sunniva Inc. receives Final Approval for a High-tech Medical Cannabis Facility in California

‘Sunniva Campus’ brings advanced greenhouse technology to Cathedral City CALGARY, ALBERTA - October 10, 2017 - Sunniva Inc. ("Sunniva" or "the Company"), a North American provider of medical cannabis products and services, is bringing advanced greenhouse technology to Cathedral City, California, following unanimous approval of the project by the city’s Planning Commission. The Sunniva Campus, a Good Manufacturing Practice designed … Read more.

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Desert Glow Fest

Desert Glow Fest - Cathedral City - Loved by All

Check out this video segment featuring the Desert Glow Fest 2017 in Downtown Cathedral City! This City knows how to do it right! Fun had by all... Read more.

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PS Life's "Vision" Edition Is Out - Cathedral City Highlighted

PS Life's "Vision" Edition Is Out - Cathedral City Highlighted

The 2017-18 Palm Springs Life's "Vision" edition has been released. Check-out the wonderful article as it highlights how Cathedral City is 'Emerging and Hitting Its Stride!' CV Rep LIVE Performing Art Theater coming to Downtown Agua Caliente Gaming Facility coming to Downtown New Mixed Use Development coming to Downtown New …

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Upcoming Events

2nd Saturdays Art Walk on Perez Road

2nd Saturdays Art Walk on Perez Road

Every 2nd Saturday, come to Cathedral City’s Art & Design District for “2nd Saturdays Art Walk on Perez Road” where you will discover special art exhibits, museum quality art as well as cultural art to brighten your soul, meet other like-minded people, and maybe get a little exercise going from art gallery to design gallery to art gallery.  It will be ARTtastic!

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California Jazz Foundation Fundraiser

California Jazz Foundation Fundraiser

Enjoy an evening of Jazz featuring the Yve Evans Trio and help raise money for the California Jazz Foundation.  Its mission is to aid and assist California Jazz musicians in crisis.

Tickets are $25.00 and tax deductible as the California Jazz Foundation is a nonprofit 501(c)(3) charity.  The City of Cathedral City proudly sponsors the foundation.

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Cathedral City Senior Center - Spaghetti Dinner Fundraiser

Cathedral City Senior Center - Spaghetti Dinner Fundraiser

Come and enjoy an array of pasta, friends, and music at the 2nd Annual Spaghetti Dinner on Friday, October 20, starting at 6 p.m. and located at the Cathedral City Senior Center.  Nicolino’s Italian Restaurant, one of Cathedral City’s signature eateries, will present an elegant pasta bar with an array of sauce choices... Read more.

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Cathedral City Historical Society Meet and Greet

Cathedral City Historical Society Meet and Greet

Come learn about the area’s past and the importance of preserving the community’s cultural history.  Special guest speaker is Mr. Steve Lech who will take you on a visual journey along the Pines-to-Palms Highway.

Light refreshments and displays.  Free admission and open to the public.

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Dia de los Muertos (Day of the Dead)

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 food vendors   Día de los Muertos Day of the Dead A Celebration Honoring the Memory of Loved Ones     Saturday, October 28, 2017 11:00 am ~ 3:00 …

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Halloween Spooktacular

Halloween Spooktacular

The Cathedral City Police Department, Cathedral City Fire Department, City of Cathedral City’s Special Events and many non-profit organizations bring to you the Halloween Spooktacular, Sunday, October 29, 2017 from 1-3 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.

Families are encouraged... 

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Shred Insert 2017-2018

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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Healing Field

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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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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City Hall at Your Corner

City Hall at Your Corner

 

Mayor Stan Henry and Councilmember Shelley Kaplan Host “City Hall at Your Corner” – Wednesday, November 15th

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 Stan Henry and Councilmember Shelley Kaplan.

...Read more.

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Cathedral City Hot Air Balloon Festival

Cathedral City Hot Air Balloon Festival

Cathedral City Hot Air Balloon Festival 2017

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Movies in the Park

Movies in the Park

Gather the family, blankets and/or chairs for “Movies in the Park” located this season at the Downtown Festival Lawn, 68600 East Palm Canyon Drive (HWY 111) in Cathedral City.  The free event, hosted by the Cathedral City Evening Rotary and sponsored by the City of Cathedral City, happens once a month on a Saturday evening every month between November and May, at 7:00 pm, except for the month of May, which begins at 8:30 pm due to daylight savings time.

You are welcome to bring snacks or non-alcoholic drinks, but you can also purchase them from the movie organizers at the concession stand.  Great Family FUN! Read more.

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Snow Fest

Snow Fest

Bring the entire family for this brand new event that shall become a tradition for Cathedral City!  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.  At 5:30 pm, the night-time holiday lights parade begins at the corner of Date Palm Drive and Perez Road and winds its way back to City Hall where the festival portion is held... Read more.

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