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HomeMy WebLinkAboutCounty of Riverside - Public Financial Report Riverside County, California Paul Angulo, CPA, MA County Auditor-Controller 2021 Popular Annual Financial Report Fiscal Year Ended June 30, 2021 County of Riverside Financial Highlights Fiscal Year 2020-2021 1 Auditor-Controller A message from your Dear Fellow Citizens, As Riverside County’s Auditor-Controller, I am honored to serve as the County’s top fiscal officer. Under my leadership, we have set a higher standard of performance, and I am pleased to report that we have achieved great results. This publication of the Popular Annual Financial Report better known as Financial Highlights is designed to provide readers with an easy to understand summary of the County’s activities and related information. The financial information in this report is unaudited, and it is presented in a non-GAAP (Generally Accepted Accounting Principles) basis. This report does not include information on discretely presented component units, fiduciary funds, nor does it contain the lengthy note disclosures. The information for this report is drawn exclusively from the County’s primary financial report known as the Annual Comprehensive Financial Report (ACFR). Both reports provide results for the fiscal year ended June 30, 2021. The ACFR is independently audited by Brown Armstrong Accountancy Corporation and is prepared in conformity with GAAP. The ACFR also provides extensive information about County activities. Both the Annual Comprehensive Financial Report and Financial Highlights are available at my office and online at www.auditorcontroller.org. We welcome your questions and comments regarding the data contained in these reports. As part of our role in the stewardship and oversight of public funds, our office initiated a countywide fraud, waste, and abuse prevention program in 2009, known as Riverside County Fraud Hotline. The program provides employees and citizens with easy and anonymous ways to participate in helping the County protect its financial resources, as well as identify potential fraud, waste and abuse. Incident reports can be made 24-hours a day, 365 days per year by phone (833) 590-0004 or via the Auditor-Controller website www.lighthouse-services.com/rivco. Respectfully, Paul Angulo, CPA, MA Riverside County Auditor-Controller Table of Contents A message from your Auditor-Controller.….1 2020 Financial Highlights Award.……………….2 County Profile.…………………………………………..3 Organizational Structure.…………………………..4 The County Governance..…………………..……..5 Financial Highlights.…………………………………..6 Statement of Net Position………………….……..7 Capital Assets & Long-term……………………….8 Obligations Cash and Investments, Net Position………….9 Statement of Activities………………..............10 Revenues By Source……………………………..…11 Expenses By Function……………………………..12 Property Taxes………………………………………..13 Demographics…………………………………………14 Service Operating Indicators……………………16 Online Resources…………………………………….18 2 County of Riverside Financial Highlights Fiscal Year 2020-2021 The Government Finance Officers Association (GFOA) of the United States and Canada has given an Award for Outstanding Achievement in Popular Annual Financial Reporting to the County of Riverside for its Popular Annual Financial Report for the fiscal year ended June 30, 2020. The Award for Outstanding Achievement in Popular Annual Financial Reporting is a prestigious national award recognizing conformance with the highest standards for preparation of state and local government financial reports. In order to receive an Award for Outstanding Achievement in Popular Annual Financial Reporting, a government unit must publish a Popular Annual Financial Report, whose contents conform to program standards of creativity, presentation, understandability and reader appeal. An Award for Outstanding Achievement in Popular Annual Financial Reporting is valid for a period of one year only. The County of Riverside received a Popular Award for last fiscal year ended June 30, 2020. This was the fifteenth consecutive year the County has achieved this award. We believe our current report continues to conform to the Popular Annual Financial Reporting requirements, and we have submitted it to GFOA. Financial Highlights Award Riverside County, California Paul Angulo, CPA, MA County Auditor-Controller Popular Annual Financial Report Fiscal Year Ended June 30, 2020 Government Finance Officers Association Award for Outstanding Achievement in Popular Annual Financial Reporting Presented to Riverside County California For its Annual Financial Report for the Fiscal Year Ended 2020 Executive Director/CEO County of Riverside Financial Highlights Fiscal Year 2020-2021 3 County of Riverside Mission Statement “Provide local government services as mandated by the State and Federal law, and discretionary services as requested by County taxpayers, within the bounds of available fiscal resources, in a manner which reflects favorably upon the profession of public service and the American form of democratic government.” County of Riverside Vision “Our vision is to be a proactive county that provides community, business, government, and regional leadership. We will set an exemplary standard of performance among counties by providing our citizens with cost-effective, efficient, and reliable government services, and by developing creative solutions to critical community-wide problems confronting all segments of our constituency. We will anticipate and address the challenges of environmental quality, societal change, and economic competitiveness while striving to make Riverside County an even better place to live, work, raise our families, and do business.” County of Riverside Overview Riverside County is the State’s fourth largest County by area. It encompasses 7,303 square miles and extends nearly 184 miles across Southern California, from the Arizona border west to within 10 miles of the Pacific Ocean. It is situated east of Los Angeles and Orange Counties, south of San Bernardino County, and north of San Diego and Imperial Counties. There are 28 incorporated cities located within the County. The latest city to be incorporated was Jurupa Valley on July 1, 2011. The largest cities in the County are the City of Riverside (the county seat) with a population of 324,302, Moreno Valley with a population of 209,426 and Corona with a population of 169,454. Total County population was 2,454,453 on January 1, 2021, an increase of 0.6% compared to the revised estimate for 2020 from the California State Department of Finance. Estimated population figures are developed by the State as of January 1 of each year with a revised estimate for the prior year. Approximately 15.9% of the County’s residents live in the unincorporated area. Riverside County has a large and rapidly expanding trade, transportation, utilities, distribution and manufacturing industries. Agriculture has been the traditional foundation of the Riverside County economy; a transition is well underway toward an urban way of life with a multi-faceted economy. This change is being driven in part by economic and political forces at the regional, State and national levels. However, Riverside County residents, through their elected representatives, will make the key local decisions that will shape Riverside County, differentiating it in character and quality of life from adjoining counties. County Profile RIVERSIDE PALM SPRINGS INDIO MENIFEE CORONA PERRIS HEMET LA QUINTA TEMECULA MURRIETA BLYTHE MORENO VALLEY JURUPA VALLEY LAKE ELSINORE BEAUMONT BANNING COACHELLA WILDOMAR SAN JACINTO PALM DESERT NORCO RANCHO MIRAGE CALIMESA DESERT HOT SPRINGS CATHEDRAL CITY EASTVALE INDIAN WELLS BLYTHE CANYON LAKE DISTRICT4 DISTRICT3 DISTRICT5 DISTRICT2 DISTRICT1 COUNTY OF RIVERSIDE AÚ A¦ A» !"a$ %&h( Aª ?u A¦ AÀ AÌA³ !"`$?q San Bernardino County San Diego County OrangeCounty Imperial County La PazArizona !"`$ Af A© IÂ ?u 4 County of Riverside Financial Highlights Fiscal Year 2020-2021 Organizational Structure Fire Countywide Elected Offi cial Sheriff -Coroner-Public Administrator Countywide Elected Offi cial District Attorney Public Defender Probation Public Protection Health and Sanitation Public Ways Education County Internal Support Public Assistance Recreation General Government Public Health Medical Center Behavioral Health Waste Resources Cooperative Extension Purchasing Central Mail & Fleet Human ResourcesTAP, Risk Mgmnt. Information TechnologyRCIT and ESD Emergency Management Agricultural Commissioner Registrar of Voters Human Resources Business and Community Services Countywide Elected Offi cialTreasurer-Tax Collector Countywide Elected Offi cial Auditor-Controller Countywide Elected Offi cial Assessor- County Clerk-Recorder Transportation & Land Management Agency TransportationPlanning Building SafetyCode EnforcementEnvironmental ProgramsAviation Public Social Services(DPSS) Offi ce on Aging Veterans’ Services Regional Parks ElectedBoard of Supervisors County Executive Offi cer CITIZENS OF RIVERSIDE COUNTY Child Support Services(DCSS) Housing, Homeless and Workforce Environmental Health Animal Services Facilities Management Custodial, Maintenance & Real Estate Clerk of the Board County Counsel Flood Control Community Health Centers Riverside University Health Systems County of Riverside Financial Highlights Fiscal Year 2020-2021 5 The county Governance Countywide Elected Officials Board of Supervisors Paul Angulo Auditor-Controller Michael Hestrin District Attorney Peter Aldana Assessor County Clerk Recorder Matthew Jennings Treasurer Tax-Collector Chad Bianco Sheriff Coroner Public Administrator Kevin Jeffries District 1 Representing the Cities of: Canyon Lake Lake Elsinore Riverside (most portions) Wildomar Karen Spiegel District 2 Representing the Cities of: Corona Eastvale Jurupa Valley Norco 1/3 of City of Riverside Chuck Washington District 3 Representing the Cities of: Hemet Murrieta San Jacinto Temecula V. Manuel Perez District 4 Representing the Cities of: Blythe Cathedral City Coachella Desert Hot Springs Indian Wells Indio La Quinta Palm Desert Palm Springs Rancho Mirage Kevin Jeffries District 5 Representing the Cities of: Banning Beaumont Calimesa Menifee Moreno Valley Perris 6 County of Riverside Financial Highlights Fiscal Year 2020-2021 Financial Highlights At the close of fiscal year 2020-21, the County’s assets and deferred outflows of resources exceeded its liabilities and deferred inflows of resources by $2.14 billion (net position). The net position included $4.30 billion of net investment in capital assets, $608.4 million of restricted resources for the County’s ongoing obligations related to programs with external restrictions, and $2.77 billion deficit of unrestricted resources. As of June 30, 2021, the County’s governmental funds reported combined fund balances of $1.38 billion, an increase of $184.5 million in comparison with the prior year. Approximately 26.9% of this amount ($370.8 million) is available for spending at the County’s discretion (unassigned fund balance). At the end of the fiscal year, unrestricted fund balance (the total of the committed, assigned, and unassigned components of fund balance) for the general fund was $421.8 million, or approximately 12.4% of total general fund expenditures. The change in capital assets net of accumulated depreciation resulted from major increases in structures and improvements. On March 11, 2021, President Biden signed the American Rescue Plan Act (ARPA) into law. The $1.9 trillion package is intended to combat the COVID-19 pandemic, including the public health and economic impacts. As part of the $362.00 billion in fiscal recovery aid for state and local governments, $65.10 billion is provided in direct aid to counties. The deadline for expenditure of the ARPA funds is December 31, 2024. Riverside County’s share of the ARPA funding is $479.9 million, and the County is in receipt of the first installment of $240.0 million, with the second installment expected in May 2022. Assets Resources owned by the County that are expected to benefit future operations Deferred outflow of resources Consumption of net position applicable to future reporting periods Liabilities Debt or obligations of the County Deferred inflows of resources Acquisition of net position applicable to future reporting periods Net position The County’s net worth equals assets + deferred outflows of resources – liabilities – deferred inflow of resources County of Riverside Financial Highlights Fiscal Year 2020-2021 7 Statement of Net Position (Continued) Statement of Net Position 2021 2020 Amount Increase (Decrease) Percent Increase (Decrease) Assets Current and other assets 3,751,616$ 3,548,940$ 202,676$ 5.7% Capital assets 5,629,454 5,541,943 87,511 1.6% Total assets 9,381,070 9,090,883 290,187 3.2% Deferred outflows of resources Deferred outflows of resources related to pension 729,081 793,605 (64,524) -8.1% Deferred outflows of resources related to OPEB 184,857 58,495 126,362 216.0% Deferred outflows of resources - other 16,444 21,328 (4,884) -22.9%Total deferred outflows of resources 930,382 873,428 56,954 6.5% Liabilities Current liabilities 1,582,409 1,570,346 12,063 0.8% Non-current liabilities 6,468,323 6,890,800 (422,477) -6.1% Total Liabilities 8,050,732 8,461,146 (410,414) -4.9% Deferred inflows of resources Deferred inflows of resources related to pension 81,301 112,379 (31,078) -27.7% Deferred inflows of resources related to OPEB 6,888 456 6,432 1410.5% Deferred inflows for service concession arrangements 4,922 5,356 (434) -8.1%Deferred inflows of resources - other 29,974 28,074 1,900 6.8% Total deferred inflows of resources 123,085 146,265 (23,180) -15.8% Net position Net investment in capital assets 4,300,690 3,270,437 1,030,253 31.5% Restricted 608,403 792,483 (184,080) -23.2% Unrestricted (2,771,458) (2,706,020) (65,438) -2.4%Total net position 2,137,635$ 1,356,900$ 780,735$ 57.5% The Statement of Net Position presents information on all of the County’s assets and deferred outflows of resources and liabilities and deferred inflows of resources, with the difference reported as net position. Increases or decreases serve as a useful indicator on the County’s financial position and whether it is improving or not. The County’s total net position increased by 57.5%, or $780.7 million, during fiscal year 2020-21. Governmental activities increased by $714.9 million in net position while business-type activities increased by $65.8 million. The increase in overall net position was attributed to a decrease in pension expense that resulted from the proceeds of the pension obligation bond which were applied to the unfunded accrued actuarial liability. Net investment in capital assets represents the amount that is unavailable for reducing debt or paying for services because it is the value of the capital assets themselves, not liquid assets like cash or equivalents that could be used to pay the bills. The balance represents 201.1%, or $4.30 billion, of the County’s total net position for fiscal year 2020-21. Restricted net position represents the amount that is available for use only as allowed by creditors, grantors, contributors, or laws and regulations of other governments, and restrictions imposed by law through constitutional provisions or enabling legislation. The balance in this category accounts for 28.5%, or $608.4 million, of the County’s total net position for fiscal year 2020-21. The remaining portion of the County’s net position is unrestricted and may be used to meet the County’s ongoing obligation to citizens and creditors. The balance in this category is -129.6%, or $(2.77) billion, of the County’s total net position for fiscal year 2020-21. Statement of Net Position 2021 2020 Amount Increase (Decrease) Percent Increase (Decrease) Assets Current and other assets 3,751,616$ 3,548,940$ 202,676$ 5.7% Capital assets 5,629,454 5,541,943 87,511 1.6% Total assets 9,381,070 9,090,883 290,187 3.2% Deferred outflows of resources Deferred outflows of resources related to pension 729,081 793,605 (64,524) -8.1% Deferred outflows of resources related to OPEB 184,857 58,495 126,362 216.0% Deferred outflows of resources - other 16,444 21,328 (4,884) -22.9% Total deferred outflows of resources 930,382 873,428 56,954 6.5% Liabilities Current liabilities 1,582,409 1,570,346 12,063 0.8% Non-current liabilities 6,468,323 6,890,800 (422,477) -6.1% Total Liabilities 8,050,732 8,461,146 (410,414) -4.9% Deferred inflows of resources Deferred inflows of resources related to pension 81,301 112,379 (31,078) -27.7% Deferred inflows of resources related to OPEB 6,888 456 6,432 1410.5% Deferred inflows for service concession arrangements 4,922 5,356 (434) -8.1% Deferred inflows of resources - other 29,974 28,074 1,900 6.8% Total deferred inflows of resources 123,085 146,265 (23,180) -15.8% Net position Net investment in capital assets 4,300,690 3,270,437 1,030,253 31.5% Restricted 608,403 792,483 (184,080) -23.2% Unrestricted (2,771,458) (2,706,020) (65,438) -2.4% Total net position 2,137,635$ 1,356,900$ 780,735$ 57.5% The Statement of Net Position presents information on all of the County’s assets and deferred outflows of resources and liabilities and deferred inflows of resources, with the difference reported as net position. Increases or decreases serve as a useful indicator on the County’s financial position and whether it is improving or not. The County’s total net position increased by 57.5%, or $780.7 million, during fiscal year 2020-21. Governmental activities increased by $714.9 million in net position while business-type activities increased by $65.8 million. The increase in overall net position was attributed to a decrease in pension expense that resulted from the proceeds of the pension obligation bond which were applied to the unfunded accrued actuarial liability. Net investment in capital assets represents the amount that is unavailable for reducing debt or paying for services because it is the value of the capital assets themselves, not liquid assets like cash or equivalents that could be used to pay the bills. The balance represents 201.1%, or $4.30 billion, of the County’s total net position for fiscal year 2020-21. Restricted net position represents the amount that is available for use only as allowed by creditors, grantors, contributors, or laws and regulations of other governments, and restrictions imposed by law through constitutional provisions or enabling legislation. The balance in this category accounts for 28.5%, or $608.4 million, of the County’s total net position for fiscal year 2020-21. The remaining portion of the County’s net position is unrestricted and may be used to meet the County’s ongoing obligation to citizens and creditors. The balance in this category is -129.6%, or $(2.77) billion, of the County’s total net position for fiscal year 2020-21. 8 County of Riverside Financial Highlights Fiscal Year 2020-2021 As of June 30, 2021, the County’s capital assets for both governmental and business-type activities amounted to $5.63 billion (net of depreciation). The capital assets include land and easements, land improvements, construction in progress, infrastructure (channels, storm drains, basins, roads, traffic signals, bridges, runways, and parks), structures and improvements, and equipment. Major capital assets and projects under construction in fiscal year 2020-2021 included the following: • Roads and signal infrastructures – $107.4 million • Facilities Management projects such as building improvements related to COVID-19, J. Benoit Detention Center, Arlington Recovery Reintegration Renovation, Roy’s Desert Resource Center and County libriaries - $57.8 million • Flood storm drains and channel projects - $13.5 million • Riverside University Health Systems - Medical Center projects and expansion – $6.9 million Land and Easements$627,289 11.2% Structures and Improvements$1,547,314 27.5% Equipment $316,834 5.6% Construction in Progress $1,116,830 19.8% Infrastructure$2,012,357 35.7% Concession Arrangements$8,830 0.2% Capital Assets, net of depreciation(In Thousands) As of June 30, 2021, the County’s outstanding debt obligation for its government-wide activities amounted to $3.15 billion. Long-term obligations incurred by the County of Riverside includes bonds, certificates of participation, loans, capital leases, and other long-term liabilities. Long-Term Obligations(In Thousands) Bonds Payable$1,818,732 57.8% Capital Lease$347,660 11.0%Certificate of Participation$22,834 0.7% Other Long-Term Liabilities$959,162 30.5% Capital Assets Long-Term Obligations The following are credit ratings maintained by the County Moody’s Investors Standard & Poor’s Service, Inc Corp. Short-term notes MIG1 SP-1+ Long-term general oblig. Aa3 AA The County’s strong credit ratings resulted in reduced borrowing costs for new capital asset construction. County of Riverside Financial Highlights Fiscal Year 2020-2021 9 The Cash and Investments represented in the Government-wide Statement of Net Position includes cash and investments that are available for use, as well as restricted cash and investments for both governmental and business-type activities. At the end of the current fiscal year, the County reported an increase of $181.6 million in cash and investments. Unrestricted cash and investments showed a decrease of $185.1 million and restricted cash and investments increased in the amount of $366.7 million. The general fund’s cash and investments balance increased by $54.5 million and restricted cash and investment increased by $84.6 million. Also, the transportation special revenue fund saw an increase of $19.0 million and the flood control special reveue fund increased by $13.1 million. For business type activities, the major decrease was from the Riverside University Health Systems - Medical Center which saw a decrease of $40.8 million in cash and investments and $1.5 million in restricted cash and investments in fiscal year 2021. The Waste Resources’s cash and investments balance increased by $12.1 million and restricted cash and investment increased by $1.6 million Net Position is total assets plus deferred outflows of resources less total liabilities and less deferred inflows of resources of the primary government. Net position serves as a useful indicator of a government’s financial condition. At the end of the current fiscal year, the County reported positive net position balances for both governmental and business-type activities, with total assets exceeding liabilities by $2.14 billion, which is a $780.7 million increase over fiscal year 2020. The most significant increase in net position was in net investment in capital assets which saw an increase of $1.03 billion. Restricted net position decreased by $184.1 million. Unrestricted net position also decreased in fiscal year 2021 by $65.4 million. Net Position(In Millions) Cash and Investments(In Millions) $2,600 $2,290 $2,212 $1,357 $2,138 $0 $1,000 $2,000 $3,000 $1,868 $1,886 $2,005 $2,603 $2,784 $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 Fiscal Year Fiscal Year 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 Cash and Investments Net Position 10 County of Riverside Financial Highlights Fiscal Year 2020-2021 2021 2020 Amount Increase (Decrease) Percent Increase (Decrease)Revenues:Program revenues:4,554,103$ 3,987,179$ 566,924$ 14.2% General revenues:1,155,617 1,104,150 51,467 4.7% Total revenues 5,709,720 5,091,329 618,391 12.1% Expenses:General government 314,381 336,802 (22,421) -6.7% Public protection 1,401,403 2,209,120 (807,717) -36.6% Public ways and facilities 205,503 239,741 (34,238) -14.3% Health and sanitation 655,911 759,480 (103,569) -13.6% Public assistance 1,197,256 1,236,525 (39,269) -3.2%Education 33,123 32,607 516 1.6% Recreation and cultural services 20,891 22,939 (2,048) -8.9% Interest on long-term debt 96,782 69,034 27,748 40.2% RUHS - MC 691,361 738,306 (46,945) -6.4% Waste Resources 98,347 104,445 (6,098) -5.8%Housing Authority 100,036 99,066 970 1.0% County Service Areas 336 254 82 32.3% Flood Control 2,365 2,245 120 5.3% RUHS - CHC 105,421 95,371 10,050 10.5% Aviation 3,759 - 3,759 100.0%Total expenses 4,926,875 5,945,935 (1,019,060) -17.1%Increase (decrease) in net position 782,845 (854,606) 1,637,451 -191.6% Extraordinary items:- (285) 285 100.0% Net position, beginning of year, as restated 1,354,790 2,211,791 (857,001) -38.7% Net position, end of year 2,137,635$ 1,356,900$ 780,735$ 57.5% The Statement of Activities represents combined activities of governmental and business-type. Governmental functions are supported by property taxes, sales taxes and other intergovernmental revenues, and the business- type is mainly supported by user fees and charges. Functions supported by user fees and charges are: Riverside University Health Systems-Medical Center (RUHS-MC), Riverside University Health Systems-Community Health Centers (RUHS-CHC), Waste Resources, Housing Authority, Aviation and County Service Areas. Revenues In fiscal year 2021, revenues increased in both governmental and business-type activities. The County’s revenue increased by $618.4 million. There was a significant increase in program revenues, specifically in operating grants and contributions in response to the ongoing public health and economic emergency needs which resulted from the coronavirus (COVID-19) pandemic. The increase in charges for services under program revenues was mainly attributed to higher patient revenue from in-patients and out-patients visits, and state compensation for care of patients with Medi-Cal insurance. Additionally, there was an increase in taxes under general revenues due to rising values in both commercial and residential markets, and changes in residual payments calculation for redevelopment property tax trust fund distribution. Expenses Expenses totaled $4.93 billion, a decrease of $1.02 billion from the previous year’s total expenses. Expenses decrease from the prior year mostly due to a decrease in Public protection, Health and sanitation, Public assistance, General government, and RUHS-MC. The main key component accounting for the variance was the decrease in pension expense as discussed in Statement of Net Position on page 7. Statement of Activities 2021 2020 Amount Increase (Decrease) Percent Increase (Decrease) Revenues:Program revenues:4,554,103$ 3,987,179$ 566,924$ 14.2% General revenues:1,155,617 1,104,150 51,467 4.7% Total revenues 5,709,720 5,091,329 618,391 12.1% Expenses: General government 314,381 336,802 (22,421) -6.7%Public protection 1,401,403 2,209,120 (807,717) -36.6% Public ways and facilities 205,503 239,741 (34,238) -14.3% Health and sanitation 655,911 759,480 (103,569) -13.6% Public assistance 1,197,256 1,236,525 (39,269) -3.2% Education 33,123 32,607 516 1.6% Recreation and cultural services 20,891 22,939 (2,048) -8.9% Interest on long-term debt 96,782 69,034 27,748 40.2% RUHS - MC 691,361 738,306 (46,945) -6.4% Waste Resources 98,347 104,445 (6,098) -5.8%Housing Authority 100,036 99,066 970 1.0% County Service Areas 336 254 82 32.3% Flood Control 2,365 2,245 120 5.3% RUHS - CHC 105,421 95,371 10,050 10.5% Aviation 3,759 - 3,759 100.0%Total expenses 4,926,875 5,945,935 (1,019,060) -17.1% Increase (decrease) in net position 782,845 (854,606) 1,637,451 -191.6% Extraordinary items:- (285) 285 100.0% Net position, beginning of year, as restated 1,354,790 2,211,791 (857,001) -38.7%Net position, end of year 2,137,635$ 1,356,900$ 780,735$ 57.5% The Statement of Activities represents combined activities of governmental and business-type. Governmental functions are supported by property taxes, sales taxes and other intergovernmental revenues, and the business- type is mainly supported by user fees and charges. Functions supported by user fees and charges are: Riverside University Health Systems-Medical Center (RUHS-MC), Riverside University Health Systems-Community Health Centers (RUHS-CHC), Waste Resources, Housing Authority, Aviation and County Service Areas. Revenues In fiscal year 2021, revenues increased in both governmental and business-type activities. The County’s revenue increased by $618.4 million. There was a significant increase in program revenues, specifically in operating grants and contributions in response to the ongoing public health and economic emergency needs which resulted from the coronavirus (COVID-19) pandemic. The increase in charges for services under program revenues was mainly attributed to higher patient revenue from in-patients and out-patients visits, and state compensation for care of patients with Medi-Cal insurance. Additionally, there was an increase in taxes under general revenues due to rising values in both commercial and residential markets, and changes in residual payments calculation for redevelopment property tax trust fund distribution. Expenses Expenses totaled $4.93 billion, a decrease of $1.02 billion from the previous year’s total expenses. Expenses decrease from the prior year mostly due to a decrease in Public protection, Health and sanitation, Public assistance, General government, and RUHS-MC. The main key component accounting for the variance was the decrease in pension expense as discussed in Statement of Net Position on page 7. Statement of Activities County of Riverside Financial Highlights Fiscal Year 2020-2021 11 The statement of activities reports revenue by sources using government-wide reporting standards. To assist the reader in understanding what makes up the various sources referenced, we have provided the following detailed listing: Program Revenues Charges for ServicesAssessment and tax collection fees, auditing and accounting fees, communication services, election services, legal services, planning and engineering services, civil process services, estate fees, humane services, law enforcement services, recording fees, road and street services, health fees, mental health services, sanitation services, institutional care and services, animal licenses, business licenses, construction permits, road privileges and permits, zoning permits, franchises and other licenses and permits, vehicle code fines, other court fines, forfeitures and penalties in addition to penalties and costs on delinquent taxes, and parking fees. Operating Grants and ContributionsState, federal, other government, and private contributions to fund specific programs. Capital Grants and ContributionsState, federal, other government, and private contributions to fund capital purchases for specific programs. General Revenues Taxes: Property taxes, sales and use taxes as well as other County levied taxes, investment income, rents and concessions, sale of surplus property, contributions and donations, non-governmental grants and unclaimed money.• Secured Tax - property taxes on state and locally assessed property that are secured by a lien on the real property, in the opinion of the assessor (R&T Code 109)• Unsecured Tax - taxes on property that are not secured by real property (ex. land and boats)• Supplemental Tax - tax on property that has undergone a change in ownership or new construction Revenues By Source Charges for services 31.2% Operating grants and contributions 48.1% Capital grants and contributions 0.5% General revenues 20.2% Revenues By Source Revenues By Source 5-Year Trend (Dollars in Thousands) $4,301 $4,499 $4,742 $5,091 $5,710 $0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 2017 2018 2019 2020 2021 Fiscal Year 12 County of Riverside Financial Highlights Fiscal Year 2020-2021 The following list provides details to define the County departments included in each of the functional categories listed in the statement of activities: General GovernmentAssessor, Auditor-Controller, Treasurer-Tax Collector, Economic Development Agency, Human Resources, Registrar of Voters, Facilities Management, Board of Supervisors, Executive Office, County Counsel, Clerk of the Board and Purchasing Public Protection Sheriff, Coroner, District Attorney, Public Defender, Probation, Fire, Agricultural Commissioner, Animal Services, County Clerk-Recorder, and Emergency Management Public Ways and Facilities Transportation and Land Management Agency, Flood Control, County Airports, County Service Areas, Planning, Building and Safety, and Code Enforcement Health and SanitationPublic Health, Environmental Health, Behavioral Health, Riverside University Health Systems-Medical Center, Riverside University Health Systems-Community Health Centers, and Waste Resources Public AssistanceDepartment of Public Social Services, Community Action Partnership, Office on Aging, Veteran’s Services, Department of Child Support Services, Housing, Homeless and Workforce. Education Cooperative Extension and County Library Recreation and Cultural Services Regional Parks General government 8.0% Public protection 35.7% Public ways and facilities 5.2% Health and sanitation 16.7% Public assistance 30.5% Education & Recreation and cultural services 1.4% Interest on long-term debt 2.5% Expenses By Function $4,404 $4,767 $4,843 $5,946 $4,927 $0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 Expenses By Function 5-Year Trend (Dollars in Thousands) Expenses By Function Fiscal Year 2017 2018 2019 2020 2021 County of Riverside Financial Highlights Fiscal Year 2020-2021 13 How the Property Tax System Works Assesses all real estate and personal property (businesses, manufactured homes, boats & airplanes) located throughout the entire County. Assessor-Clerk Recorder Receives the assessments from the Assessor and applies the appropriate tax rate to determine the actual amount of property tax owed. Auditor-Controller Mails out the property tax bills, collects the money, and deposits it in the County Treasury. Treasurer-Tax Collector Receives and allocates the money to local taxing agencies, including the County, cities, schools, and special districts. Auditor-Controller Property Taxes 1. Southern California Edison Co. ........................$68,219 2. Southern California Gas Co. .............................22,1523. Frontier California Inc. .........................................6,8364. Sentinel Energy Center, LLC. ..............................5,9205. Duke Realty LTD Partnership.. ............................5,2856. Costco Wholesale Group.....................................4,9687. Temecula Hotel Partners Old Town Hldgs Co. ....4,9528. Amazon Services Inc. ..........................................4,9489. USEF CROSSROADS II .....................................4,38710. Chelsea GCA Realty Partnership .........................3,965 Riverside County Principal Property Tax Payers (Property tax in Thousands) Property taxes are levied on both real and personal property and are recorded as receivables at the date of levy. Secured property taxes are levied on or before the first business day of September of each year. These taxes become a lien on real property on January 1 preceding the fiscal year for which taxes are levied. Tax payments can be made in two equal installments; the first is due November 1 and is delinquent with penalties after December 10; the second is due February 1 and is delinquent with penalties after April 10. Secured property taxes that are delinquent and unpaid as of June 30 are declared to be tax defaulted and are subject to redemption penalties, costs, and interest. If the delinquent taxes are not paid at the end of five years, the property is sold at public auction and the proceeds are used to pay the delinquent amounts due and any excess is remitted, if claimed, to the taxpayer. For more property tax information visit the County of Riverside’s Property Tax Portal at: www.riversidetaxinfo.com Where did your property tax dollar go in fiscal year 2020-2021? Schools 55 cents County 18 cents Redevelopment Successor Agencies 8 cents Special Districts 11 cents Cities 8 cents 14 County of Riverside Financial Highlights Fiscal Year 2020-2021 1. County of Riverside ...................................22,952 2. Amazon......................................................10,500 3. March Air Reserve Base..............................9,600 4. University of California, Riverside................8,909 5. State Brothers Markets................................8,304 6. Morreno Valley Unified School District.........6,250 7. Kaiser Permanente Riverside Medical Ctr...5,780 8. Corona-Norco Unified School District. .........5,478 9. Hemet Unified School District ......................4,460 10. Ross Dress For Less....................................4,313 5.60%4.80%4.40% 14.70% 7.60% 0.00% 5.00% 10.00% 15.00% 20.00% 2017 2018 2019 2020 2021 Demographics Population (In Thousands) Unemployment Rate Riverside County Principal Employers(Number of employees) 0 300 600 900 1,200 1,500 1,800 2,100 2,400 2,700 2017 2018 2019 2020 2021 2, 3 8 4 , 7 8 3 2, 4 1 5 , 9 5 5 2, 4 4 0 , 1 2 4 2, 4 4 2 , 3 0 4 2, 4 5 4 , 4 5 3 $35,286 $36,149 $37,074 $37,951 $38,822 $0 $6,000 $12,000 $18,000 $24,000 $30,000 $36,000 $42,000 2017 2018 2019 2020 2021 Per Capita Income Fiscal Year Fiscal Year Fiscal Year Full-time Equivalent County Government Employees by Function/Program* General government, 3,954 Public Protection, 6,581 Public ways and facilities, 418 Health and sanitation, 3,130 Public assistance, 4,540 Education, recreation and cultural services, 10 County business-type functions, 3,301 Internal service, 505 Special districts/Component Units, 438 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 *Temporary employees, 2,529, filled as of 6/1/21, are included in the total number of employees. County of Riverside Financial Highlights Fiscal Year 2020-2021 15 Charter Schools .........................................................32 Elementary Sites .....................................................269 Middle/Junior High Sites ............................................66 Continuation/Adult Education ...................................19 High School ..............................................................77 Total Schools ...........................................................463 Demographics Riverside County School Enrollment by Ethnicity 2020-2021 42 5 , 7 0 7 42 5 , 9 6 8 42 6 , 2 2 7 42 5 , 8 8 3 42 7 , 5 3 7 42 8 , 4 8 9 42 8 , 9 9 2 42 8 , 4 9 4 43 1 , 5 2 1 42 1 , 0 7 7 - 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21 Kindergarten Through 12th Grade Enrollment Growth 2020-2021 1,403 1,788 2,712 7,957 13,738 14,683 24,690 79,445 274,661 0 60,000 120,000 180,000 240,000 300,000 Pacific Islander American Indian/Alaska Native Not reported Filipino Asian 2 or more races African American White Hispanic/Latino Public School Sites in Riverside County Number of Riverside County Public School Districts Elementary...................................................................4 High School .................................................................1 Unified........................................................................35 Highest Enrollment per Riverside County School District Corona-Norco Unified ......................52,557 Riverside Unified .............................41,617 Moreno Valley Unified ......................32,299 Temecula Valley Unified ..................29,604 Additional information about the Riverside County Office of Education may be found at their website:www.rcoe.us 16 County of Riverside Financial Highlights Fiscal Year 2020-2021 Service Operating Indicators Environmental Health Facilities inspections....................................45,876 Inspections include fixed food facilities, pools, spas, hazardous material generators and miscellaneous food operations Public Health Patient visits ..............................................255,597 Animal Control Services Animal impound (live animals).....................16,281 Spays and neuters completed .......................8,626 Public Social Services CalWORKs clients .......................................17,014Food stamp clients ....................................124,377Medi-Cal clients .........................................398,909In-home supportive services........................40,231Foster care placements .................................2,583Child welfare services....................................9,578 Services include child adoptions and investigations of child abuse, neglect or abandonment Assessor-Clerk-Recorder Assessments ..............................................940,948Official records recorded ............................672,635 Vital records copies issued ...........................57,338Official records copies issued .......................14,644 Waste Resources Landfill tonnage .......................................1,525,023Recycling tonnage ..........................................3,129 Sheriff Number of bookings ....................................50,420Coroner case load .......................................14,362Calls for services–Unincorporated areas(contract cities not included) ......................197,741Patrol stations .....................................................10 Fire Medical assistance ....................................124,967 Fires extinguished .......................................19,392Other services .............................................23,144 Other services include fire menace standbys (bomb threats, electrical hazards, gas hazards, etc.), public service assists (assisting other agencies, persons, flooding, etc.) and false alarms Communities served ............................................94Fire stations .........................................................37 Registrar of Voters Voting precincts..................................................763Polling places ....................................................145Voters .....................................................1,293,635 Number of voters that were mailed voting materials for all elections in the fiscal yearPoll workers ....................................................1,465 Auditor-Controller Invoices paid..............................................388,476Vendor warrants (checks) issued ..............209,939Active vendors .............................................39,761Payroll warrants (checks) issued ...............574,046Audits per fiscal year ..........................................36 County of Riverside Financial Highlights Fiscal Year 2020-2021 17 Service Operating Indicators Riverside University Health Systems - MC Emergency room treatments .........................70,949Emergency room services–Mental Health .....10,139Clinic visits .....................................................75,651Admissions ....................................................20,426Patient days .................................................116,656Discharges.....................................................20,433 Veterans’ Services Phone inquiries answered .............................44,816 Client interviews ............................................20,471Claims filed ......................................................5,677 Community Action Partnership Utility assistance (households) ........................9,464Weatherization (households) ..............................359 Energy education attendees ..........................11,664Disaster relief (residents)...............................29,996 Income tax returns prepared ...........................4,017After school program (students) ......................1,114Mediation (cases) ...............................................367 County Library Total circulation - books ............................1,149,859Reference questions answered ...................169,271Patron door count ........................................343,307Programs offered .............................................3,673Programs attendance ..................................150,689Branch libraries.....................................................35Book mobiles ..........................................................2 Probation Adults on probation .......................................11,570Juveniles in secure detention ..............................76Juveniles in treatment facilities ............................50Juveniles in detention facilities ......................2,318 Mental Health Mental health clients .....................................46,548Substance abuse clients...............................13,045 Detention clients ............................................19,965Probate conservatorship clients ........................384 Mental health conservatorship clients ................710 Agricultural Commissioner Export phytosanitary certificates....................12,992Pesticide use inspections ...............................2,464Weights and measures regulated ................148,401Agriculture quality inspections .........................2,018Plant pest inspections.................................... 17,411Nursery acreage inspected..............................7,726Weights and measures inspected .................32,178 Parks and Recreation Historic sites ..........................................................4Nature centers .......................................................3Archaeological sites...............................................6Wildlife reserves .....................................................9Regional parks........................................................9 18 County of Riverside Financial Highlights Fiscal Year 2020-2021 Visit the County of Riverside’s Official Website www.rivco.org Visit the County of Riverside Auditor-Controller’s Official Website www.auditorcontroller.org Where you can findinformation about: • Board Agendas• County Agencies and Departments• County Employment• County Ordinances• Court Cases• Property Assessments• Public and Official Records• Roads and Highways• Voting and Elections Online services provided: • Check your jury duty status • Online crime report • Pay your property taxes • Pay your traffic tickets • Report code violations • Request a birth, death, or marriage certificate • Search the county library catalog • Vendor Registration ONLINE Resources Where you can find information about: Auditor-Controller’s Office Divisions • Administration • Audits & Specialized Accounting • General Accounting • Payroll • Property Tax Financial Statements • Annual Comprehensive Financial Report (ACFR) • Popular Annual Financial Report (PAFR) • Internal Audit Reports • Single Audit Reports • General Fund Daily Cash Balance Riverside County Popular Annual Financial Report Paul Angulo, CPA, MARiverside County Auditor-Controller www.auditorcontroller.org