Comprehensive Annual Financial Report - City of Santa Monica

CITY OF SANTA MONICA, CALIFORNIA
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances
Nonmajor Capital Projects Funds
Year ended June 30, 2008
Total
nonmajor
Low/mod Ocean Park capital
Capital Housing Redevelopment projects
Projects Projects Project funds
Revenues:
Incremental property taxes $ — 13,110,428 3,058,525 16,168,953
Investment income — 471,381 222,289 693,670
Other — 109,869 12,629 122,498
Total revenues — 13,691,678 3,293,443 16,985,121
Expenditures:
Current:
General Services 477,830 — — 477,830
Housing and community development — 2,999,524 1,620,354 4,619,878
Debt service expenditures:
Interest — — 307,427 307,427
Total expenditures 477,830 2,999,524 1,927,781 5,405,135
Excess (deficiency) of revenues
over (under) expenditures (477,830) 10,692,154 1,365,662 11,579,986
Other financing sources (uses):
Transfers in 18,490,200 — — 18,490,200
Transfers out — (1,607,531) (1,499,608) (3,107,139)
Total other financing (uses) 18,490,200 (1,607,531) (1,499,608) 15,383,061
Net change in fund balances 18,012,370 9,084,623 (133,946) 26,963,047
Fund balances at beginning of year — 26,612,590 1,592,699 28,205,289
Fund balances at end of year $ 18,012,370 35,697,213 1,458,753 55,168,336
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