Comprehensive Annual Financial Report - City of Santa Monica

CITY OF SANTA MONICA, CALIFORNIA
Changes in Fund Balance of Governmental Funds
Last Ten Fiscal Years
(Modified Accrual Basis of Accounting)
TABLE 4
2007-08 2006-07 2005-06 2004-05 2003-04 2002-03 2001-02 2000-01 1999-00 1998-99
Revenues
Property taxes $ 36,067,632 32,586,134 28,031,618 25,650,975 24,389,651 20,205,578 17,511,845 16,791,606 15,316,818 14,774,952
Incremental property taxes 66,148,046 58,163,695 52,818,794 39,866,836 34,653,601 37,650,778 29,935,033 21,429,798 18,964,445 10,077,519
Sales taxes 32,356,941 33,267,253 31,871,593 27,579,776 27,825,098 25,235,982 24,586,014 26,186,186 24,360,293 21,423,677
Other taxes 109,556,310 102,870,450 97,203,255 71,083,492 68,077,435 63,369,941 61,092,973 74,934,122 58,853,994 54,397,482
License and permits 20,203,085 19,232,085 18,378,705 39,361,156 35,662,507 33,315,009 32,574,841 31,351,322 29,344,356 28,038,957
Intergovernmental 33,007,061 28,948,391 20,020,970 25,481,694 28,562,694 30,893,991 28,466,987 31,557,576 41,350,277 35,540,335
Charges for services 36,226,643 35,855,124 29,083,568 20,918,458 18,401,113 16,904,889 17,871,631 16,627,486 15,811,394 15,796,635
Fines and forfeitures 14,567,262 14,191,722 13,101,713 13,332,411 13,344,573 10,742,425 9,858,930 8,539,835 9,000,597 8,739,641
Investment earnings 21,450,071 24,225,164 11,649,849 10,699,979 4,471,698 6,181,428 25,215,755 20,286,388 17,379,702 13,924,740
Rental income 7,006,972 7,279,995 6,562,654 8,638,543 7,854,141 7,976,304 — (4) 1,147,886 1,146,076 1,146,001
Settlement income 1,012,863 69,153,512 6,453,804 4,545,498 73,929,382 — — — — —
Other 16,691,497 8,446,372 9,794,587 4,497,162 5,817,295 7,150,655 10,089,427 37,112,400 13,042,200 6,591,310
Total revenue 394,294,383 434,219,897 324,971,110 291,655,980 342,989,188 259,626,980 257,203,436 285,964,605 244,570,152 210,451,249
139
Expenditures
General government 38,595,140 37,006,125 33,564,080 29,629,861 23,558,535 21,872,722 21,625,401 17,887,258 18,318,874 16,864,659
Public safety 89,074,863 87,509,154 82,576,196 80,424,716 64,584,136 77,674,621 77,502,781 60,031,295 50,282,717 46,320,609
General services 116,628,339 46,537,282 51,793,265 31,005,774 42,228,092 46,117,908 42,328,024 38,688,651 50,461,320 22,475,490
Cultural and recreation services 46,035,625 49,549,413 44,991,537 59,290,534 38,287,458 35,179,915 37,565,421 27,735,008 29,883,237 25,771,300
Library 10,245,110 9,454,034 20,759,269 31,443,914 17,844,322 13,002,733 7,385,216 5,948,042 5,940,473 5,228,164
Retirement (1) — — — — 13,258,631 7,068,355 4,367,576 7,621,026 8,619,950 9,204,945
Housing and community development 118,452,727 77,871,025 61,094,984 58,081,802 63,175,791 36,280,489 36,446,926 31,912,393 25,969,624 28,317,222
Statutory pass throughs (2) — — — — — 6,577,635 5,142,773 3,393,724 3,250,427 1,519,682
Other 2,749,086 609,225 2,189,224 1,087,085 241,524 329,561 349,609 21,257,628 15,996,699 14,023,627
Capital outlay (3) — — — — — 13,045,843 6,049,281 26,286,778 68,184,452 3,974,650
Debt service
Principal 8,075,000 7,805,000 6,515,000 5,625,000 4,880,000 1,625,000 2,590,000 2,445,000 1,465,000 1,355,000
Interest 8,941,832 8,206,309 9,947,949 9,572,189 9,401,520 7,644,173 7,982,932 8,409,242 3,376,762 3,516,152
Bond issuance costs — — 1,324,281 — — — — — — —
Total expenditures 438,797,722 324,547,567 314,755,785 306,160,875 277,460,009 266,418,955 249,335,940 251,616,045 281,749,535 178,571,500
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