Comprehensive Annual Financial Report - City of Santa Monica

CITY OF SANTA MONICA, CALIFORNIA
Changes in Net Assets
Last Five Fiscal Years
TABLE 2
2007-08 2006-07 2005-06 2004-05 2003-04
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Operating grants and contributions 32,188,569 31,723,528 32,297,732 29,638,114 24,671,943
Capital grants and contributions 20,030,403 12,185,518 19,061,484 17,318,761 7,943,966
Business-type activities program revenues 126,919,616 115,666,223 118,412,681 111,849,118 95,897,382
Total primary government program revenues 245,009,999 225,516,095 216,928,184 201,511,501 188,383,900
Net (expense):
Governmental activities (268,619,507) (202,428,486) (194,869,809) (163,265,305) (154,835,738)
Business-type activities (6,439,716) (18,110,584) (7,123,576) (6,746,591) (15,227,015)
Total primary government net expense (275,059,223) (220,539,070) (201,993,385) (170,011,896) (170,062,753)
General Revenues and Other changes
in Net Assets
Governmental activities:
Taxes:
Business 26,211,226 24,232,707 21,775,442 20,384,372 19,249,942
Property 101,323,706 89,845,591 79,951,933 64,667,456 58,267,374
Sales 32,356,941 33,267,253 31,871,593 27,579,776 27,825,098
Other 81,762,203 77,036,651 71,788,854 67,203,194 65,196,019
Settlement income 1,012,863 69,153,512 6,453,804 4,545,498 73,978,421
Other income 8,428,266 6,213,329 9,638,813 4,838,074 4,713,695
Investment earnings 22,021,977 25,505,798 11,995,355 10,289,600 3,645,712
Transfers (2,815,040) (9,029,202) (8,394,702) (4,773,908) (9,257,834)
Total governmental activities 270,302,142 316,225,639 225,081,092 194,734,062 243,618,427
Business-type activities:
Other income 3,421,837 4,111,407 6,028,516 3,352,205 4,239,895
Investment earnings 4,489,611 7,439,759 2,673,080 4,007,045 2,090,273
Transfers 2,815,040 9,029,202 8,394,702 4,773,908 9,257,834
Total business-type activities 10,726,488 20,580,368 17,096,298 12,133,158 15,588,002
Total primary government 5,969,407 116,266,937 40,184,005 36,855,324 89,143,676
Changes in net assets
Governmental activities 1,682,635 113,797,153 30,211,283 31,468,757 88,782,689
Business-type activities 4,286,772 2,469,784 9,972,722 5,386,567 360,987
Total primary government $ 5,969,407 116,266,937 40,184,005 36,855,324 89,143,676
(1) Other expenses allocated to programs in FY 07-08.
(2) Cable communications became a division of the City Managers Office in FY 05-06.
(3) $3,562 previously presented as Other.
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