Comprehensive Annual Financial Report - City of Santa Monica

CITY OF SANTA MONICA, CALIFORNIA
Statement of Revenues, Expenditures and Changes in
Fund Balance (Deficit) – Budget and Actual (Non-GAAP Basis)
Disaster Relief Special Revenue Fund
For the fiscal year ended June 30, 2008
Less
2006-2007 Plus Actual, Variance –
encumbered 2007-2008 budgetary positive
Budget Actual expenditures* encumbrances basis (negative)
Revenues
Intergovernmental $ 7,200,000 5,973,724 — — 5,973,724 (1,226,276)
Investment income 24,000 10,703 — — 10,703 (13,297)
Other — 25,773 — — 25,773 25,773
Total revenues 7,224,000 6,010,200 — — 6,010,200 (1,213,800)
97
Expenditures:
General government:
Salaries 119,126126 30,798 — — 30,798 88,328
Supplies 21,400 20,749 — — 20,749 651
Total general government 140,526 51,547 — — 51,547 88,979
General Services:
Capital improvement 10,469,387 5,973,724 — 743,605 6,717,329 3,752,058
Total general services 10,469,387 5,973,724 — 743,605 6,717,329 3,752,058
Total expenditures 10,609,913 6,025,271 — 743,605 6,768,876 3,841,037
Net change in fund balance (3,385,913) (15,071) — (743,605) (758,676) 2,627,237
Fund deficit at beginning of year (5,806,910) (5,806,910) — — (5,806,910) —
Fund balance (deficit) at end of year $ ( 9,192,823) (5,821,981) — (743,605) (6,565,586) 2,627,237
* No encumbrances were outstanding at June 30, 2007.