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 />
(6) NOTES RECEIVABLE<br />
Notes receivable related to governmental activities total $80,299,802 as follows:<br />
Balance at<br />
June 30, 2008 Increases Decreases<br />
Balance at<br />
June 30, 2009<br />
General Fund<br />
American Youth Hostel (a) $ 160,000 — 40,000 120,000<br />
Mountain View Mobile Inn Residents Assoc. (b) 124,977 — — 124,977<br />
Step Up on Second (c) 1,331,252 — — 1,331,252<br />
Employee housing (d) 1,300,000 — — 1,300,000<br />
Total General Fund 2,916,229 — 40,000 2,876,229<br />
Special Revenue Source Fund<br />
Community Corporation <strong>of</strong> <strong>Santa</strong> <strong>Monica</strong> (e) 6,774,763 — — 6,774,763<br />
Community Corporation <strong>of</strong> <strong>Santa</strong> <strong>Monica</strong> (f) 3,350,000 — — 3,350,000<br />
Community Corporation <strong>of</strong> <strong>Santa</strong> <strong>Monica</strong> (g) — 2,503,129 2,503,129<br />
Total Special Revenue Source Fund 10,124,763 2,503,129 — 12,627,892<br />
Downtown Redevelopment Fund<br />
Community Corporation <strong>of</strong> <strong>Santa</strong> <strong>Monica</strong> (h) 1,244,000 — — 1,244,000<br />
Community Corporation <strong>of</strong> <strong>Santa</strong> <strong>Monica</strong> (i) 679,000 — — 679,000<br />
Total Downtown Redevelopment Fund 1,923,000 — — 1,923,000<br />
Earthquake Recovery Redevelopment Fund<br />
Community Corporation <strong>of</strong> <strong>Santa</strong> <strong>Monica</strong> (j) 318,307 — — 318,307<br />
Community Corporation <strong>of</strong> <strong>Santa</strong> <strong>Monica</strong> (k) 398,362 — — 398,362<br />
Total Earthquake Recovery Redevelopment 716,669 — — 716,669<br />
Non-major Governmental Funds<br />
Community Corporation <strong>of</strong> <strong>Santa</strong> <strong>Monica</strong> (l) 681,952 — 872 681,080<br />
Community Corporation <strong>of</strong> <strong>Santa</strong> <strong>Monica</strong> (m) 2,900,000 — — 2,900,000<br />
Habitat for Humanity - Los Angeles (n) 575,000 — 575,000 —<br />
Community Corporation <strong>of</strong> <strong>Santa</strong> <strong>Monica</strong> (o) 5,537,693 — — 5,537,693<br />
Low- and moderate-income housing (DRPLP) (p) 200,000 — — 200,000<br />
Low- and moderate-income housing (DRPLP) (p) 200,000 — — 200,000<br />
Low- and moderate-income housing (q) 1,301,685 — 39,500 1,262,185<br />
Low- and moderate-income housing (r) 1,200,000 — — 1,200,000<br />
Low- and moderate-income housing (s) 6,745,807 — 400,000 6,345,807<br />
Low- and moderate-income housing (t) 924,478 31,917 — 956,395<br />
Low- and moderate-income housing (u) 7,170,000 — — 7,170,000<br />
Community Corporation <strong>of</strong> <strong>Santa</strong> <strong>Monica</strong> (v) 3,157,144 — — 3,157,144<br />
Low- and moderate-income housing (w) 841,600 — — 841,600<br />
Low- and moderate-income housing (x) 2,733,631 2,388,587 — 5,122,218<br />
Low- and moderate-income housing (y) — 2,044,914 — 2,044,914<br />
Community Corporation <strong>of</strong> <strong>Santa</strong> <strong>Monica</strong> (z) — 5,226,343 — 5,226,343<br />
Community Corporation <strong>of</strong> <strong>Santa</strong> <strong>Monica</strong> (aa) — 3,665,855 — 3,665,855<br />
Low income senior housing (bb) — 3,120,000 — 3,120,000<br />
MERL Program (cc) 12,807,083 — 328,555 12,478,528<br />
Low income senior housing (dd) 46,250 — — 46,250<br />
Total non-major governmental funds 47,022,323 16,477,616 1,343,927 62,156,012<br />
Total notes receivable $ 62,702,984 18,980,745 1,383,927 80,299,802<br />
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