Comprehensive Annual Financial Report - City of Santa Monica

CITY OF SANTA MONICA, CALIFORNIA
Statement of Net Assets
Proprietary Funds
June 30, 2008
28
Total
Nonmajor Total internal
Big Blue enterprise enterprise service
Assets Wastewater Bus funds funds funds
Current assets:
Cash and investments $ 26,373,738 8,208,243 40,237,652 74,819,633 67,081,488
Restricted cash and investments — — 10,023,097 10,023,097 —
Receivables (net, where applicable, of
allowances for uncollectibles):
Accounts 2,117,960 13,638,906 5,813,877 21,570,743 82,629
Interest 217,483 110,007 602,718 930,208 640,997
Inventory — 839,628 421,049 1,260,677 67,471
Prepaids 14,859 80,081 7,510 102,450 26,296
Total current assets 28,724,040 22,876,865 865 57,105,903 108,706,808 808 67,898,881
881
Noncurrent assets:
Restricted cash and investments 1,168,395 8,436,279 1,313,425 10,918,099 —
Restricted cash with fiscal agent 535,909 — — 535,909 —
Due from other governments, restricted 9,654 — — 9,654 —
Capital assets (note 7):
Land 3,189,132 132 61,085,563 563 8,359,718 72,634,413 413
—
Buildings 230,677 46,590,661 21,119,507 67,940,845 —
Improvements other than buildings 421,868 2,863,002 19,936,390 23,221,260 —
Machinery and equipment 1,124,254 88,949,838 5,724,079 95,798,171 32,171,322
Infrastructure 209,544,765 — 55,054,250 264,599,015 —
Construction in progress 3,054,573 37,915,864 1,914,524 42,884,961 —
217,565,269 , 237,404,928 , 112,108,468 , 567,078,665 , 32,171,322
,
Less: accumulated depreciation (33,898,839) (75,785,690) (53,496,455) (163,180,984) (18,428,723)
Net capital assets 183,666,430 161,619,238 58,612,013 403,897,681 13,742,599
Advances to other funds (note 11) 6,603,197 — — 6,603,197 —
Bond issuance costs, net 469,222 — — 469,222 —
Total noncurrent assets 192,452,807 170,055,517 59,925,438 422,433,762 13,742,599
Total assets $ 221,176,847 192,932,382 117,031,341 531,140,570 81,641,480
(Continued)