Comprehensive Annual Financial Report - City of Santa Monica

CITY OF SANTA MONICA, CALIFORNIA
Statement of Cash Flows
Nonmajor Enterprise Funds
For the fiscal year ended June 30, 2008
123
Total
nonmajor
Solid Civic Special Parking enterprise
Water Waste Pier Auditorium Airport Stormwater Cemetery Aviation Authority funds
Cash flows from operating activities:
Cash received from customers $ 16,073,483 18,842,308 3,103,769 3,340,119 4,273,150 1,409,224 1,170,525 — 145,600 48,358,178
Cash payments for materials and services (9,639,997) (10,594,501) (3,415,784) (1,292,428) (3,079,042) (152,985) (948,722) — (281,127) (29,404,586)
Cash payments to employees for services (4,938,672) (7,284,705) (1,481,051) (2,399,474) (1,155,845) — (620,462) — (849) (17,881,058)
Other revenue received 316,699 457,333 44,708 — 210,922 247,311 — — — 1,276,973
Net cash provided by (used in)
operating activities 1,811,513 1,420,435 (1,748,358) (351,783) 249,185 1,503,550 (398,659) — (136,376) 2,349,507
Cash flows from noncapital financing activities:
Repayment of advances made to other funds — — — — (48,000) — — — — (48,000)
Transfers in 249,404 39,506 840,134 16,667 53,556 2,595 332,762 — 3,670,150 5,204,774
Transfers out (1,208,845) (699,300) (12,500) — (16,200) (1,725,729) — — (2,779,790) (6,442,364)
Net cash provided by (used in)
noncapital financing activities (959,441) (659,794) 827,634 16,667 (10,644) (1,723,134) 332,762 — 890,360 (1,285,590)
Cash flows from capital and related financing
activities:
Capital contributions received 440,000 — — — — — — — — 440,000
Acquisition and construction of capital assets (422,639) (95,939) (207,352) (451,392) (20,426) (863,828) (153,994) — (3,000,000) (5,215,570)
Reduction in long-term obligations — — — — (442,218) (231,590) — — — (673,808)
Advances from other funds — — — — — — 112,266 — — 112,266
Interest paid on long-term obligations (2,547) — — — (257,822) (91,733) — — — (352,102)
Net cash (used in)
capital and related financing
14,814 (95,939) (207,352) (451,392) (720,466) (1,187,151) (41,728) — (3,000,000) (5,689,214)
Cash flows from investing activities:
Interest on investments 622,357 330,581 303,037 126,583 117,952 41,321 10,296 8,782 439,650 2,000,559
Net cash provided by investing
activities 622,357 330,581 303,037 126,583 117,952 41,321 10,296 8,782 439,650 2,000,559
Net increase (decrease) in cash and
cash equivalents 1,489,243 995,283 (825,039) (659,925) (363,973) (1,365,414) (97,329) 8,782 (1,806,366) (2,624,738)
Cash and cash equivalents at beginning of year 16,440,075 7,250,914 8,172,969 3,226,072 3,417,129 1,687,289 327,925 228,520 13,448,019 54,198,912
Cash and cash equivalents at end of year $ 17,929,318 8,246,197 7,347,930 2,566,147 3,053,156 321,875 230,596 237,302 11,641,653 51,574,174
Cash and investments $ 16,719,809 1,580,198 7,054,171 2,414,294 419,678 239,951 230,596 237,302 11,341,653 40,237,652
Restricted cash and investments 1,209,509 6,665,999 293,759 151,853 2,633,478 81,924 — — 300,000 11,336,522
Total cash and cash equivalents $ 17,929,318 8,246,197 7,347,930 2,566,147 3,053,156 321,875 230,596 237,302 11,641,653 51,574,174
(Continued)