Comprehensive Annual Financial Report - City of Santa Monica

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