City of Laguna Niguel Popular Annual Financial Report | Year Ended June 30, 2024 FUND BALANCES MAJOR GOVERNMENTAL FUNDS = $55,225,664 MISCELLANEOUS GRANTS CAPITAL GENERAL FUND PROJECTS FUND $(315,152) * The Miscellaneous Grants $53,308,706 $2,232,110 Fund accounts for revenues The General Fund is the primary account and expenditures related to The Capital Projects Fund accounts for for the City’s money, used to support most City projects that are fully or the City’s capital projects, including the City operations. Revenue in this fund can be partially funded by outside construction, repair, and upgrades of spent on a variety of programs and services grants, primarily from the facilities, streets, storm drains, sewers, without specific restrictions. State of California. and parks. NONMAJOR GOVERNMENTAL FUNDS = $6,416,748 AQMD FUND SENIOR TRANSPORTATION FUND $113,365 MEASURE M2 FUND The AQMD Fund is used for $524,532 air quality improvement $2,491,040 projects, supported by The Senior Transportation Fund revenue from AB 2766. The accounts for the proceeds and The Measure M2 Fund is used for street South Coast Air Quality eligible expenditures as designated improvement and maintenance, supported by Management District in the Senior Mobility Program, the City’s share of County Measure M2 funds. distributes the funds to local funded through the Orange governments based on County Transportation Authority. population. SUPPLEMENTAL COMMUNITY LAW ENFORCEMENT GAS TAX FUND DEVELOPMENT SERVICES FUND BLOCK GRANT FUND $(2,482) * $3,200,448 $89,845 The Community The Gas Tax Fund is used for general street The Supplemental Law Development Block Grant maintenance, with money coming from the City’s share Enforcement Services Fund is (CDBG) Fund accounts for of state gasoline taxes. Most of this revenue can be used used for specific law revenues received and for street maintenance and construction, but a portion enforcement and crime expenditures made for CDBG is specifically reserved for street engineering activities. prevention activities in the eligible grants and capital Police Services Department. projects. PROPRIETARY FUND = $439,047 VEHICLE REPLACEMENT FUND $439,047 The Vehicle Replacement Fund collects payments from City Departments that use the Fleet Services Division for vehicle and equipment maintenance. It also includes rental fees for vehicles assigned to specific departments. Maintenance costs are based on the vehicle’s past expenses, and rental fees are set to cover the vehicle’s future replacement costs. Grant-related negative balances reflect pending reimbursements, in accordance with accounting rules requiring revenues to be recognized only when received. * cityoflagunaniguel.org 09