Comprehensive Annual Financial Report - City of Santa Monica

CITY OF SANTA MONICA, CALIFORNIA
Statement of Net Assets
All Internal Service Funds
June 30, 2009
Information
Total
Technology Self-Insurance Self-Insurance internal
Vehicle Replacement Compre- Self-Insurance Self-Insurance Workers’ service
Assets Management and Services hensive Bus Auto Compensation funds
Current assets:
Cash and investments $ 27,129,675 4,405,418 8,578,803 2,077,463 1,888,331 25,263,817 69,343,507
Receivables:
Accounts 28,863 — — — 2,408 — 31,271
Interest 153,160 29,423 33,479 14,343 11,607 166,445 408,457
Inventory 52,219 — — — — — 52,219
Total current assets 27,363,917 4,434,841 8,612,282 2,091,806 1,902,346 25,430,262 69,835,454
130
Noncurrent assets:
Capital assets:
Machinery and equipment 32,728,476 1,967,644 2,849 7,386 919 10,065 34,717,339
Construction in progress 100,040 — — — — — 100,040
Less accumulated depreciation (19,144,736) (1,139,667) (2,849) (7,386)
—
(919) (10,065) (20,305,622)
Net capital assets 13,683,780 827,977 — — — — 14,511,757
Total assets 41,047,697 5,262,818 8,612,282 2,091,806 1,902,346 25,430,262 84,347,211
Liabilities
Current liabilities:
Accounts payable 331,735 104,455 8,514 100,031 12,472 4,224 561,431
Accrued liabilities 129,838 — — — — 69,390 199,228
Claims payable — — 1,498,463 1,938,009 103,062 5,411,498 8,951,032
Total current liabilities 461,573 104,455 1,506,977 2,038,040 115,534 5,485,112 9,711,691
Noncurrent liabilities:
Accrued liabilities 97,972 — — — — 73,735 171,707
Claims payable — — 2,135,999 968,414 67,872 16,730,387 19,902,672
Total noncurrent liabilities 97,972 — 2,135,999 968,414 67,872 16,804,122 20,074,379
Total liabilities 559,545 104,455 3,642,976 3,006,454 183,406 22,289,234 29,786,070
Net assets
Net assets (deficit)
Invested in capital assets 13,683,780 827,977 — — — — 14,511,757
Unrestricted 26,804,372 4,330,386 4,969,306 (914,648) 1,718,940 3,141,028 40,049,384
Total net assets $ 40,488,152 5,158,363 4,969,306 (914,648) 1,718,940 3,141,028 54,561,141