Comprehensive Annual Financial Report - City of Santa Monica

CITY OF SANTA MONICA, CALIFORNIA
Statement of Revenues, Expenditures and Changes in
Fund balance - Budget and Actual (Non-GAAP Basis)
General Fund
For the fiscal year ended June 30, 2008
Less
Variance with
2006-2007 Plus Actual, final budget -
Original Final encumbered 2007-2008 budgetary positive
budget budget Actual expenditures encumbrances basis (negative)
Housing and community development:
Planning and community development
Salaries $ 11,433,750 11,417,284 11,446,982 29,698 — 11,417,284 —
Supplies 7,356,362 7,181,099 7,534,091 602,884 236,075 7,167,282 13,817
Capital outlay 26,450 4,425 21,945 17,520 — 4,425 —
Total planning and community development 18,816,562 18,602,808 19,003,018 650,102 236,075 18,588,991 13,817
Housing and economic development
Salaries 4,307,041 3,946,855 3,946,855 — — 3,946,855 —
Supplies 8,275,699 8,234,407 8,041,901 159,401 351,907 8,234,407 —
Capital outlay 11,700 11,677 11,677 — — 11,677 —
Total housing and economic development 12,594,440 12,192,939 12,000,433 159,401 351,907 12,192,939 —
Capital improvement 250,000 2,485,079 534,848 — 1,311,957 1,846,805 638,274
Total housing and community development 31,661,002 33,280,826 31,538,299 809,503 1,899,939 32,628,735 652,091
24
Total expenditures 230,686,294 286,347,202 240,048,470 1,900,589 19,952,021 258,099,902 28,247,300
Excess (deficiency) of revenues over
(under) expenditures 15,136,103 (40,121,555) 10,140,923 (1,900,589) (19,952,021) (7,910,509) 32,211,046
Other financing sources (uses):
Transfers in 12,990,515 11,408,818 11,408,818 — — 11,408,818 —
Transfers out (28,384,743) (28,582,477) (28,417,466) — — (28,417,466) 165,011
Total other financing sources (15,394,228) (17,173,659) (17,008,648) — — (17,008,648) 165,011
Net change in fund balances (258,125) (57,295,214) (6,867,725) (1,900,589) (19,952,021) (24,919,157) 32,376,057
Fund balance at the beginning of year 155,669,604 155,669,604 155,669,604 — — 155,669,604 —
Fund balance at end of year $ 155,411,479 98,374,390 148,801,879 (1,900,589) (19,952,021) 130,750,447 32,376,057
See accompanying notes to basic financial statements.