Comprehensive Annual Financial Report - City of Santa Monica

More documents

Recommendations

Info

CITY OF SANTA MONICA, CALIFORNIA Comprehensive Annual Financial Report For the fiscal year ended June 30, 2008 Table of Contents Page INTRODUCTORY SECTION Letter of Transmittal .......................................................................................................................... v Officials of the City of Santa Monica ................................................................................................ xii Organization Chart – City of Santa Monica ...................................................................................... xiii GFOA Certificate of Achievement for Excellence in Financial Reporting ....................................... xiv FINANCIAL SECTION Independent Auditors' Report ............................................................................................................ 1 Management’s Discussion and Analysis (Required Supplementary Information) ............................ 3 Basic Financial Statements: Government-wide Financial Statements: Statement of Net Assets .............................................................................................................. 15 Statement of Activities ................................................................................................................ 16 Fund Financial Statements: Balance Sheet – Governmental Funds ........................................................................................ 18 Statement of Revenues, Expenditures, and Changes in Fund Balances (Deficits) – Governmental Funds ................................................................................................................ 19 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities ................................................................ 20 Statement of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual (Non-GAAP Basis) – General Fund ........................................................................................ 21 Statement of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual (Non-GAAP Basis) – Special Revenue Source Fund .............................................................. 25 Statement of Net Assets – Proprietary Funds .............................................................................. 28 Statement of Revenues, Expenses, and Changes in Fund Net Assets – Proprietary Funds ........ 30 Statement of Cash Flows – Proprietary Funds ............................................................................ 31 Statement of Fiduciary Assets and Liabilities – Fiduciary Funds ............................................... 34 Notes to Basic Financial Statements: Note 1 – Summary of Significant Accounting Policies ............................................................ 35 Note 2 – Budgetary and Legal Compliance .............................................................................. 43 Note 3 – Reconciliation of Fund Financial Statements to Government-Wide Financial Statements ................................................................................................................... 44 Note 4 – Prior Period Adjustments ........................................................................................... 47 Note 5 – Cash and Investments ................................................................................................. 48 Note 6 – Notes Receivable ........................................................................................................ 54 Note 7 – Capital Assets ............................................................................................................. 59 Note 8 – Unearned Revenue ..................................................................................................... 60 Note 9 – Long-Term Liabilities ................................................................................................ 62 Note 10 – Fund Deficits .............................................................................................................. 65 Note 11 – Interfund Transactions ................................................................................................ 65 Note 12 – Restricted Net Assets .................................................................................................. 67 Note 13 – Reserved and Designated Fund Balances ................................................................... 68 i
CITY OF SANTA MONICA, CALIFORNIA Comprehensive Annual Financial Report For the fiscal year ended June 30, 2008 Table of Contents, Continued Page Note 14 – Litigation and Contingencies ...................................................................................... 73 Note 15 – Self-Insurance ............................................................................................................. 75 Note 16 – Employee Benefit Programs ....................................................................................... 77 Note 17 – Short-Term Loans Payable ......................................................................................... 81 REQUIRED SUPPLEMENTARY INFORMATION Pension Funding Information ............................................................................................................ 83 OPEB Funding Information……………………………………………………………………… ... 84 SUPPLEMENTARY INFORMATION NON-MAJOR FUNDS / OTHER FINANCIAL INFORMATION Combining and Individual Fund Statements and Schedules: Combining Balance Sheet – Nonmajor Governmental Funds by Fund Type ................................ 88 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Governmental Funds by Fund Type ............................................................................................ 89 Combining Balance Sheet – Nonmajor Governmental Funds – Special Revenue Funds .............. 90 Combining Statement of Revenues, Expenditures and Changes in Fund Balances (Deficits) – Nonmajor Governmental Funds – Special Revenue Funds ............................................................ 92 Schedule of Revenues, Expenditures and Changes in Fund Balance (Deficit) – Budget and Actual (Non-GAAP Basis) – Nonmajor Governmental Funds – Special Revenue Funds: Clean Beaches and Ocean Parcel Tax ...................................................................................... 94 Beach Recreation ..................................................................................................................... 95 Housing Authority ................................................................................................................... 96 Disaster Relief Fund ................................................................................................................ 97 Tenant Ownership Rights Charter Amendment (TORCA) ...................................................... 98 Community Development Block Grant (CDBG) ..................................................................... 99 Miscellaneous Grants ............................................................................................................... 100 Citizens Option for Public Safety ............................................................................................ 101 Rent Control ............................................................................................................................. 102 Air Quality Management District (AQMD) ............................................................................. 103 Parks and Recreation .............................................................................................................. 104 Gas Tax .................................................................................................................................... 105 Combining Balance Sheet – Nonmajor Governmental Funds – Capital Projects .......................... 106 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Governmental Funds – Capital Projects ..................................................................... 107 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual (Non-GAAP Basis) – Major and Nonmajor Governmental Funds – Capital Projects Funds: Downtown Redevelopment Project ......................................................................................... 108 Earthquake Recovery Redevelopment Project ......................................................................... 109 Capital Projects ........................................................................................................................ 110 Low/Mod Housing Projects ..................................................................................................... 111 Ocean Park Redevelopment Project ......................................................................................... 112 ii
Page 1 and 2: City of Santa Monica Comprehensive
Page 3: City of Santa Monica, California Ye
Page 7: CITY OF SANTA MONICA, CALIFORNIA Co
Page 10 and 11: Master Plan; (2) an ongoing commitm
Page 12 and 13: needs of City infrastructure and fa
Page 15 and 16: OFFICIALS OF THE CITY OF SANTA MONI
Page 17 and 18: Certificate of Achievement for Exce
Page 19 and 20: The Honorable Mayor and City Counci
Page 21 and 22: CITY OF SANTA MONICA, CALIFORNIA Ma
Page 33 and 34: City of Santa Monica, California Ye
Page 35 and 36: CITY OF SANTA MONICA, CALIFORNIA St
Page 37 and 38: CITY OF SANTA MONICA, CALIFORNIA Ba
Page 39 and 40: CITY OF SANTA MONICA, CALIFORNIA Re
Page 45 and 46: THIS PAGE INTENTIONALLY LEFT BLANK
Page 55 and 56:
CITY OF SANTA MONICA, CALIFORNIA No
Page 57 and 58:
Page 59 and 60:
Page 61 and 62:
Page 63 and 64:
Page 65 and 66:
Page 67 and 68:
Page 69 and 70:
Page 71 and 72:
Page 73 and 74:
Page 75 and 76:
Page 77 and 78:
Page 79 and 80:
Page 81 and 82:
Page 83 and 84:
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
Page 95 and 96:
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
THIS PAGE INTENTIONALLY LEFT BLANK
Page 103 and 104:
CITY OF SANTA MONICA, CALIFORNIA Re
Page 106 and 107:
Page 108 and 109:
Page 110 and 111:
CITY OF SANTA MONICA, CALIFORNIA Co
Page 112 and 113:
Total nonmajor Citizens special Mis
Page 114 and 115:
Total nonmajor Citizens special Mis
Page 116 and 117:
CITY OF SANTA MONICA, CALIFORNIA Sc
Page 118 and 119:
CITY OF SANTA MONICA, CALIFORNIA St
Page 120 and 121:
Page 122 and 123:
Page 124 and 125:
Page 126 and 127:
Page 128 and 129:
Page 130 and 131:
Page 132 and 133:
Page 134 and 135:
Page 136 and 137:
Page 138 and 139:
Page 140 and 141:
Page 142 and 143:
Page 144 and 145:
Page 146 and 147:
CITY OF SANTA MONICA, CALIFORNIA In
Page 148 and 149:
Page 150 and 151:
CITY OF SANTA MONICA, CALIFORNIA Fi
Page 152 and 153:
Page 154 and 155:
City of Santa Monica, California Ye
Page 156 and 157:
CITY OF SANTA MONICA, CALIFORNIA Fo
Page 158 and 159:
CITY OF SANTA MONICA, CALIFORNIA Ch
Page 160 and 161:
CITY OF SANTA MONICA, CALIFORNIA Fu
Page 162 and 163:
CITY OF SANTA MONICA, CALIFORNIA Ch
Page 164 and 165:
CITY OF SANTA MONICA, CALIFORNIA As
Page 166 and 167:
CITY OF SANTA MONICA, CALIFORNIA Pr
Page 168 and 169:
CITY OF SANTA MONICA, CALIFORNIA Ta
Page 170 and 171:
CITY OF SANTA MONICA, CALIFORNIA Ra
Page 172 and 173:
Page 174 and 175:
Page 176 and 177:
Page 178 and 179:
CITY OF SANTA MONICA, CALIFORNIA Pr
Page 180 and 181:
CITY OF SANTA MONICA, CALIFORNIA Op
Page 182:
show all

Comprehensive Annual Financial Report - City of Santa Monica

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?