Comprehensive Annual Financial Report - City of Santa Monica

CITY OF SANTA MONICA, CALIFORNIA
Schedule of Revenues, Expenditures and Changes in
Fund Balance – Budget and Actual (Non-GAAP Basis)
Community Development Block Grant
(CDBG) Special Revenue Fund
Year ended June 30, 2009
Less
2007-2008 Plus Actual, Variance –
encumbered 2008-2009 budgetary positive
Budget Actual expenditures* encumbrances basis (negative)
Revenues
Intergovernmental $ 3,294,970 1,861,944 — — 1,861,944 (1,433,026)
Investment income 50,000 70,267 — — 70,267 20,267
Total revenues 3,344,970 1,932,211 — — 1,932,211 (1,412,759)
Expenditures:
General Services:
Capital improvement 2,114,884 1,801,119 — 37,750 1,838,869 276,015
Total general services 2,114,884 1,801,119 — 37,750 1,838,869 276,015
103
Cultural and recreation services:
Capital improvement 47,403 6,841 — 32,936 39,777 7,626
Total cultural and recreation services 47,403 6,841 — 32,936 39,777 7,626
Housing and community development:
Supplies 94,402 94,402 — — 94,402 —
Capital improvement 453,064 99,910 — 275,964 375,874 77,190
Total housing and community development 547,466 194,312 — 275,964 470,276 77,190
Total expenditures 2,709,753 2,002,272 — 346,650 2,348,922 360,831
Excess (deficiency) of revenues
over (under) expenditures 635,217 (70,061) — (346,650) (416,711) (1,051,928)
Other financing (uses) – transfers out (1,131,582) (878,961) — — (878,961) 252,621
Net change in fund balance (496,365) (949,022) — (346,650) (1,295,672) (799,307)
Fund balance at beginning of year 13,719,302 13,719,302 — — 13,719,302 —
Fund balance at end of year $ 13,222,937 12,770,280 — (346,650) 12,423,630 (799,307)
* No encumbrances were outstanding at June 30, 2008.