Comprehensive Annual Financial Report - City of Santa Monica

CITY OF SANTA MONICA, CALIFORNIA
Schedule of Revenues, Expenditures and Changes in
Fund Balance – Budget and Actual (Non-GAAP Basis)
Housing Authority Special Revenue Fund
Year ended June 30, 2008
96
Less
2006-2007 Plus Actual, Variance –
encumbered 2007-2008 budgetary positive
Budget Actual expenditures* encumbrances* basis (negative)
Revenues:
Intergovernmental $ 15,146,900 16,277,007 — — 16,277,007 1,130,107
Investment income 8,600 96,729 — — 96,729 88,129
Other — 40,629 — — 40,629 40,629
Total revenues 15,155,500 16,414,365 — — 16,414,365 1,258,865
Expenditures:
Housing and community development:
Supplies 15,275,200 14,003,242 — — 14,003,242 1,271,958
Capital improvement 6,100 6,100 — — 6,100 —
Total housing and community development 15,281,300 14,009,342 — — 14,009,342 1,271,958
Excess (deficiency) of revenues over
(under) expenditures (125,800) 2,405,023 — — 2,405,023 2,530,823
Other financing sources (uses):
Transfers in 196,881 196,881 — — 196,881 —
Transfers out (333,081) (1,242,028) — — (1,242,028) (908,947)
Net change in fund balance (262,000) 1,359,876 — — 1,359,876 1,621,876
Fund balance at beginning of year 1,625,602 1,625,602 — — 1,625,602 —
Fund balance at end of year $ 1,363,602 2,985,478 — — 2,985,478 1,621,876
* No encumbrances were outstanding at June 30, 2007 and 2008.