Comprehensive Annual Financial Report - City of Santa Monica

CITY OF SANTA MONICA, CALIFORNIA
Statement of Revenues, Expenses and
Changes in Fund Net Assets
Nonmajor Enterprise Funds
For the fiscal year ended June 30, 2009
126
Total
Solid
nonmajor
Waste Civic Stormwater Special Parking enterprise
Water Management Pier Auditorium Airport Management Cemetery Aviation Authority funds
Operating revenues:
Charges for services $ 15,774,047 21,631,313 3,518,145 2,975,749 3,989,851 1,885,142 1,009,595 — 149,200 50,933,042
Operating expenses:
Personnel services 4,838,684 8,122,848 1,697,475 2,397,505 1,214,737 — 686,050 — 810 18,958,109
Administrative indirect 1,121,766 845,676 253,219 186,565 817,762 4,246 284,428 — — 3,513,662
Contractual services 326,068 4,353,333 1,335,138 78,420 780,105 10,502 450,838 — — 7,334,404
Repairs and maintenance 182,621 2,515,090 294,316 99,698 357,058 — 62,239 — — 3,511,022
Materials and supplies 3,421,549 1,482,173 294,002 540,521 515,449 171,786 218,659 — 1,494,958 8,139,097
Utilities 499,324 57,503 158,545 156,022 174,081 — 85,701 — — 1,131,176
Water purchases 3,501,575 — — — — — — — — 3,501,575
Casualty, property and liability costs 133,700 533,200 168,300 133,400 78,600 — 46,300 — — 1,093,500
Depreciation 1,097,832 9,429 319,873 331,295 677,508 301,816 122,581 28,904 22,022 2,911,260
Other 673,943 1,363,898 726,714 11,107 711,177 80,797 3,383 — — 3,571,019
Total operating expenses 15,797,062 19,283,150 5,247,582 3,934,533 5,326,477 569,147 1,960,179 28,904 1,517,790 53,664,824
Operating income (loss) (23,015) 2,348,163 (1,729,437) (958,784) (1,336,626) 1,315,995 (950,584) (28,904) (1,368,590) (2,731,782)
Nonoperating revenues (expenses):
Investment income 640,277 354,379 261,826 74,045 97,220 570 1,515 8,420 353,830 1,792,082
Interest expense (4,049) — — — (432,773) (83,652) — — — (520,474)
Loss on disposal of capital assets (146,928) (3,640) (1) (7,828) (1) (68,929) (3,996) — (80,975) (312,298)
Other 536,499 578,840 64,409 39,513 204,923 (66,277) 9,877 — — 1,367,784
Total nonoperating revenues 1,025,799 929,579 326,234 105,730 (130,631) (218,288) 7,396 8,420 272,855 2,327,094
Income (loss) before capital
contributions and transfers 1,002,784 3,277,742 (1,403,203) (853,054) (1,467,257) 1,097,707 (943,188) (20,484) (1,095,735) (404,688)
Transfers in 236,993 — 3,713,585 254,782 48,000 14,190 307,083 — 3,669,878 8,244,511
Transfers out (1,450,150) (690,520) (17,200) — — (1,865,331) — — (4,669,194) (8,692,395)
Change in net assets (210,373) 2,587,222 2,293,182 (598,272) (1,419,257) (753,434) (636,105) (20,484) (2,095,051) (852,572)
Total net assets (deficit)
at beginning of year 39,312,379 4,472,823 13,588,769 5,493,606 1,100,209 5,936,564 (1,771,573) 268,661 20,986,443 89,387,881
Total net assets (deficit)
at end of year $ 39,102,006 7,060,045 15,881,951 4,895,334 (319,048) 5,183,130 (2,407,678) 248,177 18,891,392 88,535,309