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
In governmental funds, fund reservations are presented as a component of fund balances as follows:
Special revenue
fund
Special Revenue
Source Fund
Capital projects funds
Downtown
Redevelopment
Project Fund
Earthquake
Recovery
Redevelopment
Fund
Other
governmental
funds
Total
governmental
funds
General Fund
Reserved fund balances
Prepaids and inventory $ 1,681,761 — 344 6,951 12,731 1,701,787
Advances to other funds 21,287,264 — — — 4,989,556 26,276,820
Encumbrances 6,029,153 4,453,081 — — 332,434 10,814,668
Cash liquidity 3,546,996 — — — — 3,546,996
Civic center bonds 1,355,138 — — — — 1,355,138
Notes receivable 2,876,229 12,627,892 1,923,000 716,669 62,156,012 80,299,802
Edison School development fees — 391,800 — — — 391,800
Traffic mitigation 4,655,732 — — — — 4,655,732
Long-term receivable from state — — — — 1,125 1,125
Long-term receivable from FEMA — — — — 10,958 10,958
Rail construction — — — — 3,901,497 3,901,497
Prop A local return capital reserve — — — — 1,546,791 1,546,791
Prop C local return capital reserve — — — — 1,032,177 1,032,177
Low- and moderate-income housing — 1,364,886 — — — 1,364,886
Childcare center — 634,403 — — — 634,403
Parks — 434,454 — — — 434,454
Traffic — 3,164,872 — — — 3,164,872
Arts — 150,000 — — — 150,000
Third Street mall/downtown parking — 6,312,069 — — — 6,312,069
Animal shelter — 21,456 — — — 21,456
Homeless contributions — 11,581 — — — 11,581
Roads — 3,559,299 — — — 3,559,299
Santa Monica Place redevelopment — 27,985 — — — 27,985
Debt service — — — — 17,932,584 17,932,584
Perpetual care — — — — 7,054,258 7,054,258
Total reserved fund balances $ 41,432,273 33,153,778 1,923,344 723,620 98,970,123 176,203,138
Prepaids and Inventory
Reflects the carrying value of these assets. Since these assets are goods or services already purchased,
they do not represent available expendable resources.
Advances to Other Funds
Reflects the balances due, net of deferred interest revenues, from other funds that are long-term in
nature and do not represent available expendable resources of the City.
Encumbrances
Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not
constitute expenditures or liabilities.
Cash Liquidity
The City’s Charter provides for a cash liquidity reserve to assure the payment of the operating expenses
of the City on a cash basis.
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