Comprehensive Annual Financial Report - City of Santa Monica

CITY OF SANTA MONICA, CALIFORNIA
Notes to Basic Financial Statements, Continued
For the fiscal year ended June 30, 2008
In governmental funds, fund designations are presented as a component of fund balances as follows:
Designated fund balances
General Fund
Special revenue
fund
Special
Revenue
Source Fund
Other
governmental
funds
Total
governmental
funds
Civic area development $ 758,708 — — 758,708
Other purposes 6,346,558 — — 6,346,558
Compensated absences 9,153,748 — 316,183 9,469,931
Lifeguard headquarters — — 10,000 10,000
Santa Monica Place 161,221 — — 161,221
Affordable overnight accommodations 340,000 — — 340,000
Parks enhancement 370,845 — — 370,845
City Hall Renovation 3,320,718 — — 3,320,718
Education foundation 420,000 — — 420,000
Low-and moderate-income housing 132,223 — 1,378,935 1,511,158
Rent control — — 58,975 58,975
Consumer protection funds 56,983 — — 56,983
Franchise settlement — 2,000,000 — 2,000,000
MTBE settlement interest — 5,748,208 — 5,748,208
Cable Franchise fee — 57,923 — 57,923
Environmental mitigation 1,569,131 — — 1,569,131
Capital improvements project start-up 260,000 — — 260,000
Employee training 150,000 — — 150,000
Comprehensive land use plan 101,845 — — 101,845
Homelessness capital projects 2,283 — — 2,283
Navy/Ozone/Longfellow improvements 83,000 — — 83,000
UUT revenue loss 8,200,000 — — 8,200,000
Fire vehicle replacement 2,367,600 — — 2,367,600
Green Energy 1,000,000 — — 1,000,000
PERS 2,527,680 — — 2,527,680
Operating contingency 25,250,000 — — 25,250,000
Total designated fund balances $ 62,572,543 7,806,131 1,764,093 72,142,767
Civic Area Development
Represents the balance of Transient Occupancy Tax receipts designated by City Council to be used for
future development of the City's Civic Center area.
Other Purposes
Represents funds designated for other purposes.
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