Comprehensive Annual Financial Report - City of Santa Monica
Comprehensive Annual Financial Report - City of Santa Monica
Comprehensive Annual Financial Report - City of Santa Monica
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CITY OF SANTA MONICA, CALIFORNIA<br />
Notes to Basic <strong>Financial</strong> Statements, Continued<br />
For the fiscal year ended June 30, 2008<br />
Compensated Absences<br />
Represents the estimated liability for compensated absences.<br />
Lifeguard Headquarters<br />
Represents funds designated for upgrade <strong>of</strong> lifeguard headquarters.<br />
<strong>Santa</strong> <strong>Monica</strong> Place<br />
Represents monies designated for future lease payments to the <strong>City</strong> Redevelopment Agency, Downtown<br />
Project, for <strong>Santa</strong> <strong>Monica</strong> Place parking structures through June 30, 2009.<br />
Affordable Overnight Accommodations<br />
Represents balance <strong>of</strong> funds designated for the development, redevelopment, expansion, replacement,<br />
repair, operation or use <strong>of</strong> affordable overnight accommodations within the <strong>City</strong> <strong>of</strong> <strong>Santa</strong> <strong>Monica</strong>.<br />
Parks Enhancement<br />
Represents funds designated by Council for use for enhancement <strong>of</strong> the <strong>City</strong>'s parks.<br />
<strong>City</strong> Hall Renovation<br />
Represents funds designated by Council for use for <strong>City</strong> Hall renovation.<br />
Education Foundation<br />
Represents funds designated by Council to help finance a <strong>Santa</strong> <strong>Monica</strong> Malibu Unified School District<br />
Education Foundation.<br />
Low- and Moderate-Income Housing<br />
Represents funds designated by Council for low- and moderate-income housing.<br />
Rent Control<br />
Represents funds designated by the Rent Control Board to provide for operations uncertainties and the<br />
future replacement <strong>of</strong> certain equipment.<br />
Consumer Protection Funds<br />
Represents funds designated for use by the <strong>City</strong> Attorney’s Office for consumer protection.<br />
Franchise Settlement<br />
Represents funds received in satisfaction <strong>of</strong> dispute related to <strong>City</strong> cable television franchise.<br />
MTBE Settlement Interest<br />
Represents interest earned on funds received from lawsuit related to MTBE contamination <strong>of</strong> <strong>City</strong>’s<br />
water.<br />
Cable Franchise Fee<br />
Represents funds received for cable franchise fees designated for PEG access facilities.<br />
Environmental Mitigation<br />
Represents funds designated for environmental mitigation.<br />
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