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
Depreciation expense was charged to functions/programs of the primary government as follows:
General government $ 1,161,275
Public safety 2,732,590
General services 12,931,074
Cultural and recreation services 3,114,394
Library 1,321,172
Housing and community development 1,292,345
Capital assets held by the government's internal service funds are
charged to the various functions based on their assets usage 252,104
Total depreciation expense - governmental activities $ 22,804,954
Business-type activities:
Water $ 1,097,832
Solid waste management 9,429
Pier 319,873
Wastewater 6,130,488
Civic auditorium 331,295
Airport 677,508
Stormwater management 301,816
Cemetery 122,581
Big Blue Bus 17,351,484
Special aviation 28,904
Parking authority 22,022
Capital assets held by the government's internal service funds are
charged to the various programs based on their assets usage 2,560,513
Total depreciation expense - business-type activities $ 28,953,745
Note that depreciation expense does not equal amounts shown on enterprise fund statements
because internal service fund amounts relating to business-type activities are included in
functions/programs.
The City’s infrastructure assets are recorded at historical cost in the government-wide statements
as required by GASB 34.
(8) UNEARNED REVENUE
Governmental funds report unearned revenue in connection with receivables for revenues that are not
considered to be available to liquidate liabilities of the current period. Governmental and enterprise
funds also defer revenue recognition in connection with resources that have been received as of yearend,
but not yet earned.
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