Comprehensive Annual Financial Report - City of Santa Monica
Comprehensive Annual Financial Report - City of Santa Monica
Comprehensive Annual Financial Report - City of Santa Monica
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
CITY OF SANTA MONICA, CALIFORNIA<br />
Notes to Basic <strong>Financial</strong> Statements, Continued<br />
For the fiscal year ended June 30, 2009<br />
Civic Center Bonds<br />
Reflects the balance <strong>of</strong> bond proceeds plus accumulated interest at June 30, 2009 which is legally<br />
restricted for parking improvements within the Civic Center area.<br />
Notes Receivable<br />
Reflects the balances due on loans that are long-term in nature and do not represent available<br />
expendable resources <strong>of</strong> the <strong>City</strong>.<br />
Edison School Development Fees<br />
Represents the unspent balance <strong>of</strong> developer fees restricted for the future construction <strong>of</strong> joint use<br />
improvements and operating subsidies at Edison School.<br />
Traffic Mitigation<br />
Represents the unspent balance <strong>of</strong> developer fees restricted for traffic mitigation projects.<br />
Long-Term Receivable from State and FEMA<br />
Reflects the balances due from the State <strong>of</strong> California and FEMA for costs incurred after the January 17,<br />
1994 Northridge Earthquake that is long-term in nature and does not represent available expendable<br />
resources <strong>of</strong> the <strong>City</strong>.<br />
Rail Construction<br />
Represents the balance <strong>of</strong> Proposition A local return funds in the <strong>City</strong>’s Miscellaneous Grants Fund to<br />
be used exclusively for rail transportation improvements along the <strong>Santa</strong> <strong>Monica</strong> corridor.<br />
Prop A Local Return Capital Reserve<br />
Represents the balance <strong>of</strong> Proposition A local return funds in the <strong>City</strong>’s Miscellaneous Grants Fund to<br />
be used exclusively for bus stop and shelter improvements along the <strong>Santa</strong> <strong>Monica</strong> corridor.<br />
Prop C Local Return Capital Reserve<br />
Represents the balance <strong>of</strong> Proposition C local return funds in the <strong>City</strong>’s Miscellaneous Grants Fund to<br />
be used exclusively for 20 TH & Cloverfield Boulevard improvements.<br />
Low- and Moderate-Income Housing<br />
Represents unspent balance <strong>of</strong> funds from various sources restricted for use for low- and moderateincome<br />
housing.<br />
Childcare Center<br />
Represents unspent balance <strong>of</strong> developer fees restricted for future childcare center.<br />
Parks<br />
Represents unspent balance <strong>of</strong> developers fees restricted for parks projects.<br />
Traffic<br />
Represents balance <strong>of</strong> developer fees restricted for traffic mitigation projects.<br />
Arts<br />
Represents balance <strong>of</strong> funds received from various sources to be used for arts projects.<br />
73
Change language