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General Fund
<br /> The following tables summarize information taken from the City's audited financial statements
<br /> regarding its General Fund Balance Sheet and Statement of Revenues, Expenditures and Changes in Fund
<br /> Balances for the past three (3) fiscal years:
<br /> CITY OF GARDEN GROVE
<br /> GENERAL FUND COMPARATIVE BALANCE SHEETS
<br /> JUNE 30, 1992-93 through 1994-95
<br /> 1992-93 1993-94 1994-95
<br /> Assets:
<br /> Cash and investments $ 5,529,118 $12,599,321 $ 9,814,316
<br /> Taxes receivable 1,070,605 950,368 1,111,641
<br /> Accounts receivable 426,091 277,332 441,192
<br /> Accrued interest receivable 253,698 263,681 235,133
<br /> Reimbursement agreement receivable 2,726,172 2,771,519 2,821,611
<br /> Deposits 42,063 42.062 42,062
<br /> Total assets $10,047,747 $16,904,283 $14,465,955
<br /> Liabilities and Fund Balance
<br /> Liabilities:
<br /> Accounts payable $ 1,890,455 $ 834,175 $ 1,871,914
<br /> Other accrued liabilities 924,113 2,609,740 1,232,345
<br /> Refundable deposits 503,538 617,585 512,268
<br /> Due to other funds 0 0 2,676
<br /> Deferred revenue 18,502 11,408 169,665
<br /> Loans payable 1,098,288 1,471,677 1,471,677
<br /> Total liabilities 4,434,896 5,544,585 5,260,545
<br /> Fund Balance:
<br /> Reserved:
<br /> Reserved for encumbrances 411,871 292,968 1,156,907
<br /> Reserved for reimbursement
<br /> agreement receivable 2,726,172 2,771,519 2,821,611
<br /> Reserved for continuing projects 1,709,746 4,049,160 2,775,286
<br /> Unreserved:
<br /> Designated for subsequent years'
<br /> expenditures 765,062 4,246,051 2,451,606
<br /> Total fund balances 5,612,851 11,359,698 9,205,410
<br /> Total liabilities and fund balances $10,047,747 $16,904,283 $14,465,955
<br /> Source: City of Garden Grove Comprehensive Annual Financial Reports, Fiscal Years 1992-93, 1993-94, 1994-95; the annual
<br /> financial reports are available from the City of Garden Grove, and investors are encouraged to review the entire reports,
<br /> including the notes therein, before making an investment decision with respect to the Bonds.
<br /> B-41
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