Comprehensive Annual Financial Report - City of Santa Monica

More documents

Recommendations

Info

CITY OF SANTA MONICA, CALIFORNIA Comprehensive Annual Financial Report For the fiscal year ended June 30, 2009 Table of Contents Page INTRODUCTORY SECTION Letter of Transmittal .......................................................................................................................... v Officials of the City of Santa Monica ................................................................................................ xiii Organizational Chart – City of Santa Monica ................................................................................... xiv GFOA Certificate of Achievement for Excellence in Financial Reporting ....................................... xv FINANCIAL SECTION Independent Auditors' Report ............................................................................................................ 1 Management’s Discussion and Analysis (Required Supplementary Information) ............................ 3 Basic Financial Statements: Government-wide Financial Statements: Statement of Net Assets .............................................................................................................. 15 Statement of Activities ................................................................................................................ 16 Fund Financial Statements: Balance Sheet – Governmental Funds ........................................................................................ 18 Statement of Revenues, Expenditures, and Changes in Fund Balances (Deficits) – Governmental Funds ................................................................................................................ 19 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities ................................................................ 20 Statement of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual (Non-GAAP Basis) – General Fund ........................................................................................ 21 Statement of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual (Non-GAAP Basis) – Special Revenue Source Fund .............................................................. 25 Statement of Net Assets – Proprietary Funds .............................................................................. 28 Statement of Revenues, Expenses, and Changes in Fund Net Assets – Proprietary Funds ........ 30 Statement of Cash Flows – Proprietary Funds ............................................................................ 31 Statement of Fiduciary Assets and Liabilities – Fiduciary Funds ............................................... 34 Notes to Basic Financial Statements: Note 1 – Summary of Significant Accounting Policies ............................................................ 35 Note 2 – Budgetary and Legal Compliance .............................................................................. 43 Note 3 – Reconciliation of Fund Financial Statements to Government-Wide Financial Statements ................................................................................................................... 44 Note 4 – Pollution Remediation ................................................................................................ 47 Note 5 – Cash and Investments ................................................................................................. 47 Note 6 – Notes Receivable ........................................................................................................ 55 Note 7 – Capital Assets ............................................................................................................. 61 Note 8 – Unearned Revenue ..................................................................................................... 62 Note 9 – Long-Term Liabilities ................................................................................................ 64 Note 10 – Fund Deficits .............................................................................................................. 67 Note 11 – Interfund Transactions ................................................................................................ 68 Note 12 – Restricted Net Assets .................................................................................................. 70 Note 13 – Reserved and Designated Fund Balances ................................................................... 71 i
CITY OF SANTA MONICA, CALIFORNIA Comprehensive Annual Financial Report For the fiscal year ended June 30, 2009 Table of Contents, Continued Page Note 14 – Litigation and Contingencies ...................................................................................... 77 Note 15 – Self-Insurance ............................................................................................................. 80 Note 16 – Employee Benefit Programs ....................................................................................... 81 SUPPLEMENTARY INFORMATION NON-MAJOR FUNDS / OTHER FINANCIAL INFORMATION Combining and Individual Fund Statements and Schedules: Combining Balance Sheet – Nonmajor Governmental Funds by Fund Type ................................ 92 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Governmental Funds by Fund Type ............................................................................................ 93 Combining Balance Sheet – Nonmajor Governmental Funds – Special Revenue Funds .............. 94 Combining Statement of Revenues, Expenditures and Changes in Fund Balances (Deficits) – Nonmajor Governmental Funds – Special Revenue Funds ............................................................ 96 Schedule of Revenues, Expenditures and Changes in Fund Balance (Deficit) – Budget and Actual (Non-GAAP Basis) – Nonmajor Governmental Funds – Special Revenue Funds: Clean Beaches and Ocean Parcel Tax ...................................................................................... 98 Beach Recreation ..................................................................................................................... 99 Housing Authority ................................................................................................................... 100 Disaster Relief Fund ................................................................................................................ 101 Tenant Ownership Rights Charter Amendment (TORCA) ...................................................... 102 Community Development Block Grant (CDBG) ..................................................................... 103 Miscellaneous Grants ............................................................................................................... 104 Citizens Option for Public Safety ............................................................................................ 105 Air Quality Management District (AQMD) ............................................................................. 106 Parks and Recreation .............................................................................................................. 107 Gas Tax .................................................................................................................................... 108 Combining Balance Sheet – Nonmajor Governmental Funds – Capital Projects .......................... 110 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Governmental Funds – Capital Projects ..................................................................... 111 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual (Non-GAAP Basis) – Major and Nonmajor Governmental Funds – Capital Projects Funds: Downtown Redevelopment Project ......................................................................................... 112 Earthquake Recovery Redevelopment Project ......................................................................... 113 Capital Projects ........................................................................................................................ 114 Low/Mod Housing Projects ..................................................................................................... 115 Ocean Park Redevelopment Project ......................................................................................... 116 Combining Balance Sheet – Nonmajor Governmental Funds – Debt Service ............................... 118 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Governmental Funds – Debt Service ......................................................................... 119 Combining Balance Sheet – Nonmajor Governmental Funds – Permanent Funds ........................ 120 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds – Permanent Funds .................................................................. 121 Statement of Net Assets – Nonmajor Enterprise Funds ................................................................. 124 Statement of Revenues, Expenses and Changes in Fund Net Assets – Nonmajor Enterprise Funds ........................................................................................................ 126 ii
Page 1: Comprehensive Annual Financial Repo
Page 7: THIS PAGE INTENTIONALLY LEFT BLANK.
Page 10 and 11: amount of borrowed property taxes i
Page 12 and 13: five-year forecasts, and an underst
Page 14 and 15: Cash Management Policies and Practi
Page 16 and 17: OFFICIALS OF THE CITY OF SANTA MONI
Page 18 and 19: Certificate of Achievement for Exce
Page 23 and 24: CITY OF SANTA MONICA, CALIFORNIA Ma
Page 36 and 37: CITY OF SANTA MONICA, CALIFORNIA St
Page 48 and 49: CITY OF SANTA MONICA, CALIFORNIA Pr
Page 52 and 53:
CITY OF SANTA MONICA, CALIFORNIA St
Page 54 and 55:
CITY OF SANTA MONICA, CALIFORNIA Fi
Page 56 and 57:
CITY OF SANTA MONICA, CALIFORNIA No
Page 58 and 59:
Page 60 and 61:
Page 62 and 63:
Page 64 and 65:
Page 66 and 67:
Page 68 and 69:
Page 70 and 71:
Page 72 and 73:
Page 74 and 75:
Page 76 and 77:
Page 78 and 79:
Page 80 and 81:
Page 82 and 83:
Page 84 and 85:
Page 86 and 87:
Page 88 and 89:
Page 90 and 91:
Page 92 and 93:
Page 94 and 95:
Page 96 and 97:
Page 98 and 99:
Page 100 and 101:
Page 102 and 103:
Page 104 and 105:
Page 106 and 107:
Page 108 and 109:
Page 110 and 111:
City of Santa Monica, California Ye
Page 112 and 113:
CITY OF SANTA MONICA, CALIFORNIA Ca
Page 114 and 115:
CITY OF SANTA MONICA, CALIFORNIA Co
Page 116 and 117:
Page 118 and 119:
Page 120 and 121:
CITY OF SANTA MONICA, CALIFORNIA Sc
Page 122 and 123:
Page 124 and 125:
Page 126 and 127:
Page 128 and 129:
Page 130 and 131:
Page 132 and 133:
Page 134 and 135:
Page 136 and 137:
Page 138 and 139:
Page 140 and 141:
Page 142 and 143:
Page 144 and 145:
THIS PAGE INTENTIONALLY LEFT BLANK
Page 146 and 147:
Page 148 and 149:
Page 150 and 151:
Page 152 and 153:
Page 154 and 155:
Page 156 and 157:
Page 158:
Page 161 and 162:
CITY OF SANTA MONICA, CALIFORNIA Fo
Page 163 and 164:
CITY OF SANTA MONICA, CALIFORNIA Ch
Page 165 and 166:
Page 167 and 168:
Page 169 and 170:
CITY OF SANTA MONICA, CALIFORNIA Ge
Page 171 and 172:
CITY OF SANTA MONICA, CALIFORNIA Di
Page 173 and 174:
CITY OF SANTA MONICA, CALIFORNIA Pr
Page 175 and 176:
CITY OF SANTA MONICA, CALIFORNIA Ra
Page 177 and 178:
CITY OF SANTA MONICA, CALIFORNIA Di
Page 179 and 180:
CITY OF SANTA MONICA, CALIFORNIA Wa
Page 181 and 182:
CITY OF SANTA MONICA, CALIFORNIA Re
Page 183 and 184:
CITY OF SANTA MONICA, CALIFORNIA Pr
Page 185 and 186:
CITY OF SANTA MONICA, CALIFORNIA Op
Page 187:
show all

Comprehensive Annual Financial Report - City of Santa Monica

Create successful ePaper yourself

Delete template?

Save as template?