Comprehensive Annual Financial Report - City of Santa Monica

CITY OF SANTA MONICA, CALIFORNIA
Statement of Net Assets, Continued
Nonmajor Enterprise Funds
June 30, 2008
Total
nonmajor
Solid Civic Special Parking enterprise
Liabilities Water Waste Pier Auditorium Airport Stormwater Cemetery Aviation Authority funds
s
Current liabilities:
Accounts payable $ 1,624,528
418,804 187,886 79,385 360,180 19,851 85,990 — 40,711 2,817,335
Accrued liabilities 311,198 380,916 54,354 164,501 89,182 — 41,948 — — 1,042,099
Contracts payable (retained percentage) 48,338 — 16,083 26,620 — — — — — 91,041
Interest payable — — — — — 28,570 — — — 28,570
Current portion of long-term obligations — — — — 22,218 237,612 — — — 259,830
Liabilities payable from restricted assets -
deposits 278,008 6,665,999 293,759 226,420 382,744 — — — — 7,846,930
Total current liabilities 2,262,072 7,465,719 552,082 496,926 854,324 286,033 127,938 — 40,711 12,085,805
Noncurrent liabilities:
Accrued liabilities 210,231 178,942 50,913 20,804 30,277 — 20,226 — — 511,393
Advances from other funds — — — — 8,999,488 — 2,943,366 — — 11,942,854
Long-term obligations, net of current portion — — — — 44,435 3,058,973 — — — 3,103,408
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Total noncurrent liabilities 210,231 178,942 50,913 20,804 9,074,200 3,058,973 2,963,592 — — 15,557,655
Total liabilities 2,472,303 7,644,661 602,995 517,730 9,928,524 3,345,006 3,091,530 — 40,711 27,643,460
Net Assets
Invested in capital assets, net of related debt 20,727,837 830,685 6,733,433 3,401,520 7,677,451 5,614,718 983,001 28,904 9,251,226 55,248,775
Unrestricted 18,584,542 3,642,138 6,855,336 2,092,086 (6,577,242) 321,846 (2,754,574) 239,757 11,735,217 34,139,106
Total net assets $ 39,312,379 4,472,823 13,588,769 5,493,606 1,100,209 5,936,564 (1,771,573) 268,661 20,986,443 89,387,881