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) Transfer to subsidize environmental programs expenditures.
(7) Transfer to subsidize environmental programs, parking and traffic expenditures.
(8) Transfer for the payment of debt service.
(9) Transfer for the payment of debt service and to subsidize housing program expenditures.
(10) Transfer to subsidize environmental programs, stormwater and treatment facility expenses.
(11) Transfer of capital assets from the Disaster Relief Fund to the Wastewater Fund.
(12) Transfer to subsidize transportation related expenses.
(13) Transfer to subsidize pier, airport and civic auditorium expenses.
(14) Transfer to subsidize economic development expenditures and debt service payments.
(15) Transfer to subsidize water and environmental remediation expenses.
(16) Transfer to subsidize pier infrastructure improvement and stormwater management expenses.
(17) Transfer to subsidize cemetery management expenses.
(18) Transfer to subsidize Workers’ Compensation Self-Insurance Fund staff time.
(19) Transfer of capital assets from the Parking Authority Fund to the Earthquake RDA Fund.
(12) RESTRICTED NET ASSETS
Restricted net assets are net assets whose use is subject to constraints externally imposed. The
following categories of net assets are restricted as to use by agreements with creditors, developers,
grantors, or laws or regulations of other governments: debt service, Clean Beaches and Ocean Parcel
Tax, Housing Authority, Community Development Block Grant, Citizens Option for Public Safety, Air
Quality Management District, development projects, Asset Seizure, streets projects, low- and moderateincome
housing, MTBE settlement, perpetual care, miscellaneous medical coverage and construction of
rail system. The remaining categories of funds, Tenant Ownership Rights Charter Amendment and Rent
Control, are restricted as to use by law.
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