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 />
Schedule <strong>of</strong> Revenues, Expenditures and Changes in<br />
Fund Balance – Budget and Actual (Non-GAAP Basis)<br />
Gas Tax Special Revenue Fund<br />
Year ended June 30, 2008<br />
108<br />
Less<br />
2007-2008 Plus Actual, Variance –<br />
encumbered 2008-2009 budgetary positive<br />
Budget Actual expenditures* encumbrances basis (negative)<br />
Revenues:<br />
Intergovernmental $ 2,247,150 1,850,822 — — 1,850,822 (396,328)<br />
Investment income 21,000 50,714 — — 50,714 29,714<br />
Rental income 20,000 5,649 — — 5,649 (14,351)<br />
Total revenues 2,288,150 1,907,185 — — 1,907,185 (380,965)<br />
Expenditures:<br />
General services:<br />
Supplies 5,300 4,340 — — 4,340 960<br />
Capital improvements 827,448 789,302 — 25,937 815,239 12,209<br />
Total general services 832,748 793,642 — 25,937 819,579 13,169<br />
Excess (deficiency) <strong>of</strong> revenues<br />
over (under) expenditures 1,455,402 1,113,543 — (25,937) 1,087,606 (367,796)<br />
Other financing (uses) – transfers out (2,267,150) (1,856,471) — — (1,856,471) 410,679<br />
Net change in fund balance (811,748) (742,928) — (25,937) (768,865) 42,883<br />
Fund balance at beginning <strong>of</strong> year 1,512,032 1,512,032 — — 1,512,032 —<br />
Fund balance at end <strong>of</strong> year $ 700,284 769,104 — (25,937) 743,167 42,883<br />
* No encumbrances were outstanding at June 30, 2008.
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