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 />
Notes to Basic <strong>Financial</strong> Statements, Continued<br />
For the fiscal year ended June 30, 2009<br />
(3) RECONCILIATION OF FUND FINANCIAL STATEMENTS TO GOVERNMENT-WIDE<br />
FINANCIAL STATEMENTS<br />
Amounts reported for governmental activities in the government-wide statement <strong>of</strong> net assets are<br />
different from those reported for governmental funds in the fund balance sheet. The following provides<br />
a reconciliation <strong>of</strong> those differences:<br />
Total<br />
Assets<br />
Total<br />
governmental<br />
funds<br />
Long-term<br />
assets and<br />
liabilities (1)<br />
governmental<br />
activities<br />
internal service<br />
funds (2)<br />
Other<br />
adjustments<br />
and<br />
eliminations (3)<br />
Statement <strong>of</strong> net<br />
assets totals<br />
Cash and investments $ 440,747,154<br />
— 40,136,369 — 480,883,523<br />
Receivables (net, where applicable,<br />
<strong>of</strong> allowances for uncollectibles):<br />
Accounts 9,120,434 — 2,408 — 9,122,842<br />
Notes 80,299,802 — — — 80,299,802<br />
Property taxes 5,227,525 — — — 5,227,525<br />
Interest 2,157,015 — 240,954 — 2,397,969<br />
Other governments 7,232,423 — — — 7,232,423<br />
Internal balances — — 1,661,504 13,973,539 15,635,043<br />
Due from other funds 1,376,554 — — (1,376,554) —<br />
Inventory 1,381,715 — — — 1,381,715<br />
Prepaids 320,072 — — — 320,072<br />
Cash with fiscal agent 26,971,390 — — — 26,971,390<br />
Advances to other funds 46,459,621 — — (46,459,621) —<br />
Bond issuance costs, net — 2,575,274 — — 2,575,274<br />
Capital assets, net — 722,841,322 827,977 — 723,669,299<br />
Total assets $ 621,293,705 725,416,596 42,869,212 (33,862,636) 1,355,716,877<br />
Liabilities and Fund Balances/Net Assets<br />
Liabilities:<br />
Accounts payable $ 10,239,711<br />
— 203,400 — 10,443,111<br />
Accrued liabilities 5,591,917 92,315,000 69,390 — 97,976,307<br />
Accrued interest payable — 3,631,317 — — 3,631,317<br />
Contracts payable (retained percentage) 2,474,232 — — — 2,474,232<br />
Due to other governments 5,734,148 — — — 5,734,148<br />
Deferred revenue 122,279,192 — — (106,337,103) 15,942,089<br />
Deposits payable from restricted assets 463,204 — — — 463,204<br />
Compensated absences due within one year — 5,073,777 — — 5,073,777<br />
Compensated absences due in more than<br />
one year — 5,026,336 — — 5,026,336<br />
Claims payable due within one year — — 7,013,023 — 7,013,023<br />
Claims payable due in more than one year — — 18,934,258 — 18,934,258<br />
Long-term debt due within one year — 7,530,000 — — 7,530,000<br />
Long-term debt due in more than one year — 164,046,776 — — 164,046,776<br />
Accrued OPEB liability — 2,415,000 — — 2,415,000<br />
Advances from other funds 33,862,636 — — (33,862,636) —<br />
Total liabilities 180,645,040 280,038,206 26,220,071 (140,199,739) 346,703,578<br />
Total fund balances/net assets 440,648,665 445,378,390 16,649,141 106,337,103 1,009,013,299<br />
Total liabilities and fund balance/net assets $ 621,293,705 725,416,596 42,869,212 (33,862,636) 1,355,716,877<br />
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