Comprehensive Annual Financial Report - City of Santa Monica
Comprehensive Annual Financial Report - City of Santa Monica
Comprehensive Annual Financial Report - City of Santa Monica
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CITY OF SANTA MONICA, CALIFORNIA<br />
Combining Statement <strong>of</strong> Revenues, Expenditures and<br />
Changes in Fund Balances<br />
Nonmajor Debt Service Funds<br />
For the fiscal year ended June 30, 2008<br />
Total<br />
nonmajor<br />
<strong>City</strong><br />
Redevelopment<br />
Agency<br />
debt service<br />
funds<br />
Revenues - investment income $ 215,420<br />
110,221 325,641<br />
Expenditures:<br />
Principal 4,450,000 3,625,000 8,075,000<br />
Interest 4,127,155 3,645,278 7,772,433<br />
Total expenditures 8,577,155 7,270,278 15,847,433<br />
Deficiency <strong>of</strong> revenues<br />
under expenditures (8,361,735) (7,160,057) (15,521,792)<br />
Other financing sources - transfers in 8,434,200 7,293,357 15,727,557<br />
Net change in fund balance 72,465 133,300 205,765<br />
Fund balances at beginning <strong>of</strong> year 11,559,382 7,188,018 18,747,400<br />
Fund balances at end <strong>of</strong> year $ 11,631,847 7,321,318 18,953,165<br />
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