CITY OF LAGUNA NIGUEL CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS (CONTINUED) LAST TEN FISCAL YEARS (MODIFIED ACCRUAL BASIS OF ACCOUNTING) (UNAUDITED) Fiscal Year 2020 2021 2022 2023 2024 Revenues: Taxes 38,763,249 40,969,647 43,245,233 45,040,827 45,960,196 Licenses and permits 2,426,416 2,037,023 3,957,690 3,882,045 4,554,662 Intergovernmental 4,518,791 6,030,006 7,351,559 10,954,663 9,628,372 Charges for services 661,762 465,020 1,014,777 1,205,931 1,331,604 Fines and forfeitures 352,064 302,213 612,212 409,994 275 ,907 Use of money and property (loss) 1,413,887 437,998 (1,946,386) 1,243,879 2,796,346 Leases - - 451,984 471,266 467 ,970 Developer participation - - - - - Contributions 19,340 - - - - Miscellaneous 492,781 122,880 550,772 296,312 378 ,161 Total revenues 48,648,290 50,364,787 55,237,841 63,504,917 65,393,218 Expenditures: Current: General government 4,470,422 4,637,532 5,905,024 11,451,201 6,599,798 Public safety 16,118,936 16,431,019 16,812,695 17,515,403 17,793,906 Community development 3,397,810 3,555,966 4,952,180 4,675,676 4,929,086 Parks and recreation 4,619,532 3,488,633 3,722,525 4,249,042 4,266,972 Public works 12,828,535 12,407,056 14,997,087 15,155,681 16,836,995 Capital outlay 22,419,678 5,587,512 8,347,853 10,690,432 5,069,588 Total expenditures 63,854,913 45,589,794 51,977,023 61,394,856 61,117,189 Excess (deficiency) of revenues over (under) expenditures (15,206,623) 4,774,993 3,260,818 2,110,061 4,276,029 Other Financing Sources (Uses): Transfers in 22,095,320 4,872,673 4,792,500 7,668,675 11,661,147 Transfers out (22,120,053) (4,883,723) (4,912,500) (7,668,675) (11,661,147) Issuance of Subscription Payable - - - - 167 ,088 Total other financing sources (uses) (24,733) (11,050) (120,000) - 167 ,088 Net change in fund balances (15,231,356) 4,763,943 3,140,818 2,110,061 4,443,117 Debt service as a percentage of noncapital - - - - - expenditures (105)