Comprehensive Annual Financial Report - City of Santa Monica

CITY OF SANTA MONICA, CALIFORNIA
Notes to Basic Financial Statements, Continued
For the fiscal year ended June 30, 2009
(3) RECONCILIATION OF FUND FINANCIAL STATEMENTS TO GOVERNMENT-WIDE
FINANCIAL STATEMENTS
Amounts reported for governmental activities in the government-wide statement of net assets are
different from those reported for governmental funds in the fund balance sheet. The following provides
a reconciliation of those differences:
Total
Assets
Total
governmental
funds
Long-term
assets and
liabilities (1)
governmental
activities
internal service
funds (2)
Other
adjustments
and
eliminations (3)
Statement of net
assets totals
Cash and investments $ 440,747,154
— 40,136,369 — 480,883,523
Receivables (net, where applicable,
of allowances for uncollectibles):
Accounts 9,120,434 — 2,408 — 9,122,842
Notes 80,299,802 — — — 80,299,802
Property taxes 5,227,525 — — — 5,227,525
Interest 2,157,015 — 240,954 — 2,397,969
Other governments 7,232,423 — — — 7,232,423
Internal balances — — 1,661,504 13,973,539 15,635,043
Due from other funds 1,376,554 — — (1,376,554) —
Inventory 1,381,715 — — — 1,381,715
Prepaids 320,072 — — — 320,072
Cash with fiscal agent 26,971,390 — — — 26,971,390
Advances to other funds 46,459,621 — — (46,459,621) —
Bond issuance costs, net — 2,575,274 — — 2,575,274
Capital assets, net — 722,841,322 827,977 — 723,669,299
Total assets $ 621,293,705 725,416,596 42,869,212 (33,862,636) 1,355,716,877
Liabilities and Fund Balances/Net Assets
Liabilities:
Accounts payable $ 10,239,711
— 203,400 — 10,443,111
Accrued liabilities 5,591,917 92,315,000 69,390 — 97,976,307
Accrued interest payable — 3,631,317 — — 3,631,317
Contracts payable (retained percentage) 2,474,232 — — — 2,474,232
Due to other governments 5,734,148 — — — 5,734,148
Deferred revenue 122,279,192 — — (106,337,103) 15,942,089
Deposits payable from restricted assets 463,204 — — — 463,204
Compensated absences due within one year — 5,073,777 — — 5,073,777
Compensated absences due in more than
one year — 5,026,336 — — 5,026,336
Claims payable due within one year — — 7,013,023 — 7,013,023
Claims payable due in more than one year — — 18,934,258 — 18,934,258
Long-term debt due within one year — 7,530,000 — — 7,530,000
Long-term debt due in more than one year — 164,046,776 — — 164,046,776
Accrued OPEB liability — 2,415,000 — — 2,415,000
Advances from other funds 33,862,636 — — (33,862,636) —
Total liabilities 180,645,040 280,038,206 26,220,071 (140,199,739) 346,703,578
Total fund balances/net assets 440,648,665 445,378,390 16,649,141 106,337,103 1,009,013,299
Total liabilities and fund balance/net assets $ 621,293,705 725,416,596 42,869,212 (33,862,636) 1,355,716,877
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