Comprehensive Annual Financial Report - City of Santa Monica

CITY OF SANTA MONICA, CALIFORNIA
Schedule of Revenues, Expenditures and Changes in
Fund Balance – Budget and Actual (Non-GAAP Basis)
Tenant Ownership Rights Charter Amendment
(TORCA) Special Revenue Fund
Year ended June 30, 2009
102
Less
2007-2008 Plus Actual, Variance –
encumbered 2008-2009 budgetary positive
Budget Actual expenditures* encumbrances basis (negative)
Revenues:
Other taxes $ 100,000
9,240 — — 9,240 (90,760)
Investment income 274,000 329,612 — — 329,612 55,612
Other — 99,899 — — 99,899 99,899
Total revenues 374,000 438,751 — — 438,751 64,751
Expenditures:
Housing and community development:
Supplies 9,038 9,038 — — 9,038 —
Capital improvement 8,102,650 1,882,764 — 1,205,200 3,087,964 5,014,686
Total housing and community development 8,111,688 1,891,802 — 1,205,200 3,097,002 5,014,686
Excess (deficiency) of revenues
over (under) expenditures (7,737,688) (1,453,051) — (1,205,200) (2,658,251) 5,079,437
Other financing (uses) – transfers out (73,500) (6,423) — — (6,423) 67,077
Net change in fund balance (7,811,188) (1,459,474) — (1,205,200) (2,664,674) 5,146,514
Fund balance at beginning of year 17,554,518 17,554,518 — — 17,554,518 —
Fund balance at end of year $ 9,743,330 16,095,044 — (1,205,200) 14,889,844 5,146,514
* No encumbrances were outstanding at June 30, 2008.