Comprehensive Annual Financial Report - City of Santa Monica

CITY OF SANTA MONICA, CALIFORNIA
Statement of Revenues, Expenses and
Changes in Fund Net Assets
All Internal Service Funds
Year ended June 30, 2009
131
Information
Total
Technology Self-Insurance Self-Insurance internal
Vehicle Replacement Compre- Self-Insurance Self-Insurance Workers’ service
Management and Services hensive Bus Auto Compensation funds
Operating revenues – charges for services $ 9,015,808 1,859,495 5,808,904 1,871,600 745,193 6,772,590
—
26,073,590
Operating expenses:
Personnel services 2,659,769 — — — — 1,237,083 3,896,852
Administrative indirect 507,955 — — — — — 507,955
Contractual services 55,490 — — — — — 55,490
Repairs and maintenance 1,825,465 — — — — — 1,825,465
Materials and supplies 609,754 1,744,621 — — — 20,370 2,374,745
Utilities 80,624 — — — — 2,084 82,708
Casualty and liabilities 52,700 — — — — — 52,700
Claims expense, net of claims reserve
adjustments — — 1,241,015 2,344,914 362,644 7,772,027 11,720,600
Insurance and bonds — — 2,419,752 283,243 18,020 337,116 3,058,131
Miscellaneous fees and costs 319,015 — 257,004 190,564 49,066 190,798 1,006,447
Administrative fees — — 25,220 7,280 3,640 183,622 219,762
Depreciation 2,560,513 252,104 — — — — 2,812,617
Total operating expenses 8,671,285 1,996,725 3,942,991 2,826,001 433,370 9,743,100 27,613,472
Operating income (loss) 344,523 (137,230) 1,865,913 (954,401) 311,823 (2,970,510) (1,539,882)
Nonoperating revenues:
Investment income 925,562 161,246 202,625 72,784 60,616 871,693 2,294,526
Gain or (loss) on disposal of capital assets 7,416 (514) — — — — 6,902
Other revenue 38,997 — 257 — — 34,353 73,607
Total nonoperating revenues 971,975 160,732 202,882 72,784 60,616 906,046 2,375,035
Income (loss) before operating
transfers 1,316,498 23,502 2,068,795 (881,617) 372,439 (2,064,464) 835,153
Transfers in — — — — — 691,800 691,800
Transfers out — — (317,000) (275,000) (99,800) — (691,800)
Change in net assets 1,316,498 23,502 1,751,795 (1,156,617) 272,639 (1,372,664) 835,153
Net assets at beginning of year 39,171,654 5,134,861 3,217,511 241,969 1,446,301 4,513,692 53,725,988
Total net assets (deficit) at
end of year $ 40,488,152 5,158,363 4,969,306 (914,648) 1,718,940 3,141,028 54,561,141