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 />
Statement <strong>of</strong> Net Assets<br />
All Internal Service Funds<br />
June 30, 2008<br />
Information<br />
Total<br />
Technology Self-Insurance Self-Insurance internal<br />
Vehicle Replacement Compre- Self-Insurance Self-Insurance Workers’ service<br />
Assets Management and Services hensive Bus Auto Compensation funds<br />
Current assets:<br />
Cash and investments $ 26,117,277 4,587,608 7,383,425 2,180,484 1,682,238 25,130,456 67,081,488<br />
Receivables:<br />
Accounts 77,208 1,931 3,473 — — 17 82,629<br />
Interest 224,472 44,352 68,254 25,334 17,130 261,455 640,997<br />
Inventory 67,471 — — — — — 67,471<br />
Prepaids — — 16,192 — — 10,104 26,296<br />
Total current assets 26,486,428 4,633,891 7,471,344 2,205,818 1,699,368 25,402,032 67,898,881<br />
126<br />
Noncurrent assets:<br />
Capital assets:<br />
Machinery and equipment 30,626,198 1,523,905 2,849 7,386 919 10,065065 32,171,322<br />
322<br />
Less accumulated depreciation (17,509,054) (898,450) (2,849) (7,386) (919) (10,065) (18,428,723)<br />
Net capital assets 13,117,144 625,455 — — — — 13,742,599<br />
Total assets 39,603,572 5,259,346 7,471,344 2,205,818 1,699,368 25,402,032 81,641,480<br />
Liabilities<br />
Current liabilities:<br />
Accounts payable 258,261 124,485 7,862 23,211 17,812 39,411 471,042<br />
Accrued liabilities 129,294 — — — — 129,639 258,933<br />
Claims payable — — 1,523,291 455,605 89,994 4,224,579 6,293,469<br />
Total current liabilities 387,555 124,485 1,531,153 478,816 107,806 4,393,629 7,023,444<br />
Noncurrent liabilities:<br />
Accrued liabilities 44,363 — — — — 84,103 128,466<br />
Claims payable — — 2,722,680 1,485,033 145,261 16,410,608 20,763,582<br />
Total noncurrent liabilities 44,363 — 2,722,680 1,485,033 145,261 16,494,711 20,892,048<br />
Total liabilities 431,918 124,485 4,253,833 1,963,849 253,067 20,888,340 27,915,492<br />
Net assets<br />
Net assets<br />
Invested in capital assets 13,117,144 625,455 — — — — 13,742,599<br />
Unrestricted 26,054,510 4,509,406 3,217,511 241,969 1,446,301 4,513,692 39,983,389<br />
Total net assets $ 39,171,654 5,134,861 3,217,511 241,969 1,446,301 4,513,692 53,725,988
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