Comprehensive Annual Financial Report - City of Santa Monica

CITY OF SANTA MONICA, CALIFORNIA
Statement of Net Assets, Continued
Proprietary Funds
June 30, 2009
29
Total
Nonmajor Total internal
Big Blue enterprise enterprise service
Liabilities Wastewater Bus funds funds funds
Current liabilities:
Accounts payable $ 176,534 3,934,432 2,364,317 6,475,283 561,431
Accrued liabilities 128,317 3,243,702 1,105,483 4,477,502 199,228
Contracts payable (retained percentage) — — 363,237 363,237 —
Claims payable (note 15) — — — — 8,951,032
Interest payable 513,406 — 26,511 539,917 —
Current portion of long-term obligations (note 9) 1,545,000 — 266,008 1,811,008 —
Due to other governments 2,700,000 — — 2,700,000 —
Due to other funds (note 11) — — 1,376,554 1,376,554 —
Liabilities payable from restricted assets –
deposits 410,000 6,894 7,677,600 8,094,494 —
Total current liabilities 5,473,257 7,185,028 13,179,710 25,837,995 9,711,691
Noncurrent liabilities:
Accrued liabilities 36,332 323,145 546,121 905,598 171,707
Advances from other funds (note 11) — — 12,685,860 12,685,860 —
Claims payable (note 15) — — — — 19,902,672
Unearned revenue (note 8) 17,004 1,533,030 262,245 1,812,279 —
Long-term obligations, net of current portion (note 9) 21,886,702 — 2,837,400 24,724,102 —
Total noncurrent liabilities 21,940,038 1,856,175 16,331,626 40,127,839 20,074,379
Total liabilities 27,413,295 9,041,203 29,511,336 65,965,834 29,786,070
Net assets
Invested in capital assets, net of related debt 165,670,645 183,583,756 55,219,354 404,473,755 14,511,757
Restricted for rail system & Prop 1B (note 12) — 8,745,119 — 8,745,119 —
Unrestricted 23,016,247 24,423,605 33,315,955 80,755,807 40,049,384
Total net assets $ 188,686,892 216,752,480 88,535,309 493,974,681 54,561,141
$ 39,573,504 Net assets, business-type activitiesinternal
service funds
See accompanying notes to basic financial statements. (1,661,504) Net adjustment to reflect the allocation
of the internal service funds net loss
$ 531,886,681 Net assets of business-type activities