Comprehensive Annual Financial Report - City of Santa Monica

CITY OF SANTA MONICA, CALIFORNIA
Changes in Fund Balance of Governmental Funds
Last Ten Fiscal Years
(Modified Accrual Basis of Accounting)
TABLE 4
2008-09 2007-08 2006-07 2005-06 2004-05 2003-04 2002-03 2001-02 2000-01 1999-00
Revenues
Property taxes $ 36,763,026 36,067,632 32,586,134 28,031,618 25,650,975 24,389,651 20,205,578 17,511,845 16,791,606 15,316,818
Incremental property taxes 71,289,749 66,148,046 58,163,695 52,818,794 39,866,836 34,653,601 37,650,778 29,935,033 21,429,798 18,964,445
Sales taxes 28,296,696 32,356,941 33,267,253 31,871,593 27,579,776 27,825,098 25,235,982 24,586,014 26,186,186 24,360,293
Other taxes 105,639,635 109,556,310 102,870,450 97,203,255 71,083,492 68,077,435 63,369,941 61,092,973 74,934,122 58,853,994
License and permits 20,398,191 20,203,085 19,232,085 18,378,705 39,361,156 35,662,507 33,315,009 32,574,841 31,351,322 29,344,356
Intergovernmental 36,408,496 33,007,061 28,948,391 20,020,970 25,481,694 28,562,694 30,893,991 28,466,987 31,557,576 41,350,277
Charges for services 39,238,389 36,226,643 35,855,124 29,083,568 20,918,458 18,401,113 16,904,889 17,871,631 16,627,486 15,811,394
Fines and forfeitures 14,113,906 14,567,262 14,191,722 13,101,713 13,332,411 13,344,573 10,742,425 9,858,930 8,539,835 9,000,597
Investment earnings 15,455,332 21,450,071 24,225,164 11,649,849 10,699,979 4,471,698 6,181,428 25,215,755 20,286,388 17,379,702
Rental income 5,467,946 7,006,972 7,279,995 6,562,654 8,638,543 7,854,141 7,976,304 — (4) 1,147,886 1,146,076
Settlement income 4,429,738 1,012,863 69,153,512 6,453,804 4,545,498 73,929,382 — — — —
Other 28,651,201 16,691,497 8,446,372 9,794,587 4,497,162 5,817,295 7,150,655 10,089,427 37,112,400 13,042,200
Total revenue 406,152,305 394,294,383 434,219,897 324,971,110 291,655,980 342,989,188 259,626,980 257,203,436 285,964,605 244,570,152
144
Expenditures
General government 45,242,680 38,595,140 37,006,125 33,564,080 29,629,861 23,558,535 21,872,722 21,625,401 17,887,258 18,318,874
Public safety 96,985,086 89,074,863 87,509,154 82,576,196 80,424,716 64,584,136 77,674,621 77,502,781 60,031,295 50,282,717
General services 70,963,814 116,628,339 46,537,282 51,793,265 31,005,774 42,228,092 46,117,908 42,328,024 38,688,651 50,461,320
Cultural and recreation services 53,045,810 46,035,625 49,549,413 44,991,537 59,290,534 38,287,458 35,179,915 37,565,421 27,735,008 29,883,237
Library 10,099,063 10,245,110 9,454,034 20,759,269 31,443,914 17,844,322 13,002,733 7,385,216 5,948,042 5,940,473
Retirement (1) — — — — — 13,258,631 7,068,355 4,367,576 7,621,026 8,619,950
Housing and community development 113,730,249 118,452,727 77,871,025 61,094,984 58,081,802 63,175,791 36,280,489 36,446,926 31,912,393 25,969,624
Statutory pass throughs (2) — — — — — — 6,577,635 5,142,773 3,393,724 3,250,427
Other — 2,749,086 609,225 2,189,224 1,087,085 241,524 329,561 349,609 21,257,628 15,996,699
Capital outlay (3) — — — — — — 13,045,843 6,049,281 26,286,778 68,184,452
Debt service
Principal 8,375,000 8,075,000 7,805,000 6,515,000 5,625,000 4,880,000 1,625,000 2,590,000 2,445,000 1,465,000
Interest 8,386,518 8,941,832 8,206,309 9,947,949 9,572,189 9,401,520 7,644,173 7,982,932 8,409,242 3,376,762
Bond issuance costs — — — 1,324,281 — — — — — —
Total expenditures 406,828,220 438,797,722 324,547,567 314,755,785 306,160,875 277,460,009 266,418,955 249,335,940 251,616,045 281,749,535
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