Comprehensive Annual Financial Report - City of Santa Monica

CITY OF SANTA MONICA, CALIFORNIA
Statement of Activities
For the fiscal year ended June 30, 2009
16
Program revenues
Net (expense) revenue and changes in net assets
Operating Capital
Charges for grants and grants and Governmental Business–type
Functions/programs Expenses services contributions contributions activities activities Total
Governmental activities:
General government $ 46,670,826 19,198,345 20,253 19,948 (27,432,280) — (27,432,280)
Public safety 100,709,990 17,064,322 1,375,044 1,773 (82,268,851) — (82,268,851)
General services 161,224,085 20,291,439 6,847,585 3,867,391 (130,217,670) — (130,217,670)
Cultural and recreation services 44,031,895 10,608,948 2,876,467 16,490,752 (14,055,728) — (14,055,728)
Library 11,422,789 410,908 234,505 — (10,777,376) — (10,777,376)
Housing and community development 115,827,555 12,416,654 18,810,446 — (84,600,455) — (84,600,455)
Interest on long-term debt 7,252,197 — — — (7,252,197) — (7,252,197)
Total governmental activities $ 487,139,337 79,990,616 30,164,300 20,379,864 (356,604,557) — (356,604,557)
Business–type activities:
Water $ 15,958,328 15,774,047 — — — (184,281) (184,281)
Solid waste management 19,219,079 21,631,313 — — — 2,412,234 2,412,234
Pier 5,200,065 3,518,145 — — — (1,681,920) (1,681,920)
Wastewater 19,603,411 13,751,588 — — — (5,851,823) (5,851,823)
Civic auditorium 3,933,159 2,975,749 — — — (957,410) (957,410)
Airport 5,737,927 3,989,851 — — — (1,748,076) (1,748,076)
Storm water management 721,728 1,885,142 — — — 1,163,414 1,163,414
Cemetery 1,956,609 1,009,595 — — — (947,014) (947,014)
Big Blue Bus 70,855,809 14,391,300 34,203,607 53,209,039 — 30,948,137 30,948,137
Special aviation 28,904 — — — — (28,904) (28,904)
Parking authority 1,598,765 149,200 — — — (1,449,565) (1,449,565)
Total business–type activities $ 144,813,784 79,075,930 34,203,607 53,209,039 — 21,674,792 21,674,792
General revenues:
Taxes:
Business $ 28,821,688
— 28,821,688
Property 107,255,345 — 107,255,345
Sales 28,296,696 — 28,296,696
Transient occupancy 31,265,176 — 31,265,176
Utility users 31,578,711 — 31,578,711
Real property transfer 2,652,687 — 2,652,687
Parking facility tax 7,980,134 — 7,980,134
Other 2,669,680 — 2,669,680
Settlement income 89,910,872 — 89,910,872
Motor vehicle in lieu 265,228 — 265,228
Other income 8,863,671 4,162,283 13,025,954
Investment earnings 16,198,386 4,227,595 20,425,981
Transfers (5,832,017) 5,832,017 —
Total general revenues and transfers 349,926,257 14,221,895 364,148,152
Change in net assets (6,678,300) 35,896,687 29,218,387
Net assets, beginning 1,015,691,599 495,989,994 1,511,681,593
Net assets, ending $ 1,009,013,299 531,886,681 1,540,899,980
See accompanying notes to basic financial statements.