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)
Gas Tax Special Revenue Fund
Year ended June 30, 2008
105
Less
2006-2007 Plus Actual, Variance –
encumbered 2007-2008 budgetary positive
Budget Actual expenditures* encumbrances basis (negative)
Revenues:
Intergovernmental $ 1,670,000 1,213,419 — — 1,213,419 (456,581)
Investment income 95,000 71,191 — — 71,191 (23,809)
Rental income 15,400 19,223 — — 19,223 3,823
Total revenues 1,780,400 1,303,833 — — 1,303,833 (476,567)
Expenditures:
General services:
Supplies 4,300 4,067 — — 4,067 233
Capital improvements 1,600,000 772,552 — 814,943 1,587,495 12,505
Total general services 1,604,300 776,619 — 814,943 1,591,562 12,738
Excess (deficiency) of revenues
over (under) expenditures 176,100 527,214 — (814,943) (287,729) (463,829)
Other financing (uses) – transfers out (2,350,565) (1,897,807) — — (1,897,807) 452,758
Net change in fund balance (2,174,465) (1,370,593) — (814,943) (2,185,536) (11,071)
Fund balance at beginning of year 2,882,625 2,882,625 — — 2,882,625 —
Fund balance at end of year $ 708,160 1,512,032 — (814,943) 697,089 (11,071)
* No encumbrances were outstanding at June 30, 2007.