Comprehensive Annual Financial Report - City of Santa Monica

CITY OF SANTA MONICA, CALIFORNIA
Statement of Revenues, Expenses and
Changes in Fund Net Assets
All Internal Service Funds
Year ended June 30, 2008
127
Information
Total
Technology Self-Insurance Self-Insurance internal
Vehicle Replacement Compre- Self-Insurance Self-Insurance Workers’ service
Management and Services hensive Bus Auto Compensation funds
Operating revenues – charges for services $ 10,873,750 1,827,994 10,133,569 1,592,500 758,766 6,254,293 31,440,872
Operating expenses:
Personnel services 2,349,849 — — — — 1,390,868 3,740,717
Administrative indirect 492,718 — — — — — 492,718
Contractual services 32,135 — — — — — 32,135
Repairs and maintenance 1,827,392 — — — — — 1,827,392
Materials and supplies 398,994 1,084,015 — — — 20,748 1,503,757
Utilities 67,908 — — — — 1,828 69,736
Casualty and liabilities 48,600 — — — — — 48,600
Claims expense, net of claims reserve
adjustments — — 1,066,404 833,433 433,613 5,250,191 7,583,641
Insurance and bonds — — 2,707,502 258,201 4,615 339,451 3,309,769
Miscellaneous fees and costs 454,679 — 438,471 75,552 56,270 222,715 1,247,687
Administrative fees — — 2,025 — — 158,666 160,691
Depreciation 2,173,366 254,249 — — — — 2,427,615
Total operating expenses 7,845,641 1,338,264 4,214,402 1,167,186 494,498 7,384,467 22,444,458
Operating income (loss) 3,028,109 489,730 5,919,167 425,314 264,268 (1,130,174) 8,996,414
Nonoperating revenues:
Investment income 826,120 169,804 92,780 67,282 64,004 998,455 2,218,445
Gain or (loss) on disposal of capital assets 25,876 (1) — — — (2,975) 22,900
Other revenue — — — — — 656 656
Total nonoperating revenues 851,996 169,803 92,780 67,282 64,004 996,136 2,242,001
Income (loss) before operating
transfers 3,880,105 659,533 6,011,947 492,596 328,272 (134,038) 11,238,415
Transfers in 12,346 — — — — 665,406 677,752
Transfers out — — (305,000) (257,000) (96,000) — (658,000)
Change in net assets 3,892,451 659,533 5,706,947 235,596 232,272 531,368 11,258,167
Net assets at beginning of year, 35,279,203 4,475,328 (2,489,436) 6,373 1,214,029 3,982,324 42,467,821
Total net assets at
end of year $ 39,171,654 5,134,861 3,217,511 241,969 1,446,301 4,513,692 53,725,988