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)
Community Development Block Grant
(CDBG) Special Revenue Fund
Year ended June 30, 2008
Less
2006-2007 Plus Actual, Variance –
encumbered 2007-2008 budgetary positive
Budget Actual expenditures* encumbrances basis (negative)
Revenues
Intergovernmental $ 2,694,970 1,731,516 — — 1,731,516 (963,454)
Investment income 45,000 50,322 — — 50,322 5,322
Total revenues 2,739,970 1,781,838 — — 1,781,838 (958,132)
Expenditures:
General Services:
Capital improvement 2,307,485 670,225 — 1,360,208 2,030,433 277,052
Total general services 2,307,485 670,225 — 1,360,208 2,030,433 277,052
99
Cultural and recreation services:
Capital improvement 34,833 34,833 — — 34,833 —
Total cultural and recreation services 34,833 34,833 — — 34,833 —
Housing and community development:
Supplies 3,433 3,433 — — 3,433 —
Capital improvement 1,295,185 952,122 — 291,990 1,244,112 51,073
Total housing and community development 1,298,618 955,555 — 291,990 1,247,545 51,073
Total expenditures 3,640,936 1,660,613 — 1,652,198 3,312,811 328,125
Excess (deficiency) of revenues
over (under) expenditures (900,966) 121,225 — (1,652,198) (1,530,973) (630,007)
Other financing (uses) – transfers out (1,437,979) (1,144,775) — — (1,144,775) 293,204
Net change in fund balance (2,338,945) (1,023,550) — (1,652,198) (2,675,748) (336,803)
Fund balance at beginning of year 14,742,852 14,742,852 — — 14,742,852 —
Fund balance at end of year $ 12,403,907 13,719,302 — (1,652,198) 12,067,104 (336,803)
* No encumbrances were outstanding at June 30, 2007.