Financial Statements

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Financial Statements County of Monterey State of California &RPSUHKHQVLYH$QQXDO)LQDQFLDO5HSRUW )RUWKH)LVFDO<HDU(QGHG-XQH 3UHSDUHGDQG6XEPLWWHGE\WKH2IILFHRIWKH$XGLWRU&RQWUROOHU 5XSD6KDK&3$ Palo Corona Regional Park WĂůŽŽƌŽŶĂZĞŐŝŽŶĂůWĂƌŬŝƐŽŶĞŽĨĞŶƚƌĂůŽĂƐƚĂůŝĨŽƌŶŝĂ͛ƐŵŽƐƚƐŝŐŶŝĨŝĐĂŶƚƵŶĚĞǀĞůŽƉĞĚŽƉĞŶƐƉĂĐĞƐ͘ In the largest land conservation project in Monterey County history, The Nature Conservancy, The Big Sur Land Trust, State of California (through several of its agencies), and Monterey Peninsula Regional Park District partnered to acquire the 10,000acre Palo Corona Ranch. The acquisition was finalized in 2004. The 10,000acre ranch was then divided between the State Department of Fish & Game and The Park District to be protected as public conservation and Parkland in perpetuity. The State Department of Fish & Game added the southern 5,500 acres of the former ranch to its existing 640acre Joshua Creek Ecological Preserve (Preserve). The Park District created the new Palo Corona Regional Park (Park) with the northern 4,350 acres of the former ranch. The Park stretches for about 10 miles in length, across more than 4,500 sprawling acres of rugged, spectacular country that boasts an extraordinary mix of ecosystems and wildlife species. The Park established a critical environmental link in a protected seventymile long wild land corridor that begins at the Carmel River and extends southward to the Hearst Ranch in San Luis Obispo County. The Park connects 9 previously protected conservation properties preserved for their biological, recreation and scenic values, including: Garrapata State Park, Joshua Creek Ecological Preserve, Mitteldorf Preserve, Glen Deven Ranch, Point Lobos State Reserve, Santa Lucia Conservancy lands, and the Ventana Wilderness. Within the Park, there are over 500 species of plants occurring in diverse habitats from the Carmel River ƚŽƚŚĞŵŝdžĞĚŚĂƌĚǁŽŽĚĨŽƌĞƐƚƚŚĂƚĐƌŽǁŶ͛ƐƚŚĞϯ͕ϬϬϬĨŽŽƚWĂůŽŽƌŽŶĂWĞĂŬ͘dŚĞWĂƌŬ͛ƐŐƌĂƐƐůĂŶĚ ecosystem supports some of the highest numbers of individual grass and wildflower species found ĂŶLJǁŚĞƌĞĂůŽŶŐĂůŝĨŽƌŶŝĂ͛ƐĐĞŶƚƌĂůĐŽĂƐƚ͘ Beginning at near sea level and rising to over 3,400 feet in elevation, the Park provides an incredibly diverse wildlife habitat. The Park is permanent habitat to coastal trout, and steelhead fisheries occur in perennial creeks with rare amphibians, including the California redlegged frog and tiger salamander. dŚĞĨĞĚĞƌĂůůLJĞŶĚĂŶŐĞƌĞĚ^ŵŝƚŚ͛ƐďůƵĞďƵƚƚĞƌĨůLJŽĐĐƵƌƐŝŶƚŚĞĂĐƌĞƐŽĨďƵckwheat, and a variety of fully protected raptors nest and forage throughout the forest and grasslands. Deer, mountain lion, bobcat, golden eagle and California condor range over the Park, where several unusual birds such as mountain quail and horned larks are known to reside. Palo Corona Regional Park maintains picnic areas, several trails, and a bike trail. With the help of The Trust for Public Land, Santa Lucia Conservancy and Trout Unlimited, the Monterey Peninsula Regional Park District acquired the former Rancho Cañada Golf Course ʹ permanently protecting the land and water, while keeping the area open to recreation. The Discovery Center highlights the historic lands of the Carmel River Watershed and features exhibits of the land, nature, and people of the area. View a lifesized replica of a California condor and an authentic handmade tule boat. Go to mprpd.org/palocoronaregionalpark for more information. Cover Photograph: Maria Papurello, Admin. Services Officer, Office of the AuditorController COUNTY OF MONTEREY STATE OF CALIFORNIA Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2020 Prepared and Submitted by the Office of the Auditor-Controller Rupa Shah, CPA This page intentionally left blank COUNTY OF MONTEREY COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Fiscal Year Ended June 30, 2020 TABLE OF CONTENTS PAGE INTRODUCTORY SECTION ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................Letter of Transmittal i ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................Certificate of Achievement vii ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................Directory of County Officials viii ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................Organizational Structure ix FINANCIAL SECTION ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................Independent Auditors' Report 1 ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................Management Discussion and Analysis 4 Basic Financial Statements: Government-Wide Financial Statements: ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................Statement of Net Position 22 ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................Statement of Activities 23 Fund Financial Statements: ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................Balance Sheet Governmental Funds 25 Reconciliation of the Governmental Funds Balance Sheet to the Government-Wide Statement of ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................Net Position 26 ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................Statement
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