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SR-200-000 (3)
^^~r r r ~ ~r rs ~r r~ ~ ~ r~ ~ ~r ~ r ri ~^r a~ ~r C~'~'Y OF 8:~?~T~'A ~~;bNICA FIIrTA.Td~1 ~.L S'~'ATa~'.^:,i' Continuer3 fx o~ p~c~e 35 GENI,F~A~ OI3LIGATIQiV I~'r',x~ ~ SL<'RV ~CE t~ (J1 D3 STATFMEi+1`I' OF REV~NU"U, T,~~'LIIDIT[Tf;~a,; I~Aia CHATYGES II3 ~1~]D k3A~~NCE YFAR ~;i~iU?:I~ ,.7~?Vi; 30L ~~371 lglc£i ~95~ t~unicipa.l. 7~g55 put~'~~Z 195E3 ~953 Tr~~rovem,ent .Rudatoriuzn U~;~rr W~.terworks La.brar Rev~nue Prop~rty taxes $ 57, ~+99 ~zZ3, 5113 Ynterest ir~come 1,559 _ I.5,;5~ Total Revenua $ 5yto~8 ~~35,,-a3 ~, ~:xpendz tures ~ LOllll 1,I~lt.°1'~St. 4~3~2 `i' 1! fVV 7.~~l~ I l ~'~g7C.li`i ~ ~7 f~~ ' ~ond principal 55,4~~7 1"~O,QC~D 7.10,C'00 1~0,000 lOQ,000 EXpry:'id~ture~ tran~ferred i;o other fl~nd.q; r~atex• Op~raE.ir~ F`und (I~~9,~300} Capit~J. ~mpro~ement Fund (1'~'1,65~) ~ (i06,75~) iotal rxpendiLures ~9,3-~2 - 31 ~20.~~?5 -0- _-0- Increasc in F~nd ~isl~nce during year (2~~-) (3~.} 1~+,Fi28 Fund ~alanee at Jun~ 30, 197~ ~~~`~5 3~- 16~.53 6~ 31~ Z0, 7~+9 F~nd Balance at ~Tune 30~ ~g77- ~ ~+10~+1 ~ -0~ ~ 3~zl~?1 ~ 6,3~~ ~ ~.0,7~~9 ~ ~ CITY 4F SANTA M~hICA FINA.~ICIAL STATII~iENT ~ ' 5~~,~'-ixtiST,'~.~iAT~Fu~" FtT~;D ~.~iL:~"~CE SF~ET ~;r.r ~~, ~97i Assets Cash (i~,o~e ~~ ~ U.S. Go~r~rn.-~~nt Bonds, ~t cost {r;ate 5) (Pa~e 8) Total Asse~s , L3a3a.la.ties and x~Z:~d Bs.l.an~e ~3~9, ~=9~ 10~C00 ~w359~a~9 , I,aabilY~ies Acc~ur:~s paya~le ~ 50 Estir~a~ed liaollity for ~,:nsettlad clai~s (Pa.~es 76, 77, 78) ~O~r9;~ ~105,C~~ ~ Fu.~d Eal.ance 2~3101.9 ' Tota1 Lzabi.~ita.~s and F~znd ~a?.ance $3~qfi019 STA~?'~ i~~ I' 0~ RE ~JEr"U~ ~ EXP~T.~TDI'i[.'~~S ~vD ~~,hTY~~S I'_V F'JT\~ Fx.~t1C:. YEFsR Ei ~~~~ .TU:;~ 3~, ~971 ~ Revenue {T,ote ~) Insui ance chrxrges ~o other f~zn~.s $182~ ~+~+5 ~ Exp~nd~ ~ur~s (Piote 2) Cost of claims on coverzgQ cbt~ined t:~rou~h self-insurance ~?an ~~J,gO~+ Insurancp p~ e:niu:ns o:a coverage obtain~d ~k~ ough pr~.vate carriers 7-a~ 581 Frorated le~a1 exp~nse 17,70~ ' :ees to c~ai~ ad„ustin~; service i9,&~0 Oth~r 7~2~5 172r281 ~ Excess of ~{evenue aver E~enditur~s 1Q~1~~+ ~.nd Balance at Jun~ 30, ~.~70 2~2~855 ~ ~.tnd ~alancn a~ Jun~ 3~a ~97i ~253ro~~ T~ie City a=:a~ntains covera~,e witrt privat~: carr~ers for public ? ia~~? ~.~y and prope rty , dama;e c~a~ms er.~eeairN; :;100,000 ior ~per~tian of auto:~o~~ve eauzp~ent; 415,0~~ involv~no op~ratiar.s of ±he ~us lir.ps; ;~10,~0~ ~or ~~abi~ i~:y ar~szn~ ou~ of ~h~ , 1'ut~lxc L~abi.l.~ty Act of 1.~23, -~Includes ~hort Terrf U.S. Treasury aills ~~~,00~ eertzficate of ~~pos~t 9Q a~0 ~~ _~ I ~ _~~_ ' CI'I'Y 4F SAI~TA MaN?CA ' -- - - --- - - --- --- -- ~'RI'~rP'YC SAF~~Y I'U°;~J ' ~AL,~tiCL SY.~,'y ' ~irn'L 3~, 197~ ' Assets Cash (Plote ~+j , Vehicle Lode ~'ines receivable ~ Total Assets ~ i,3.ab~lzty and ~:~d ?~alance ITaP to General F1zn~. ~ l~Znd Ealance Total L_ab~~.i~y and ~nd ??alar,ce ~ ~ STkTT3~"~i~:T OF REVyi,'Li~ EXPEIVTDITU~ES ~:D ~F_~t:u~S I~d F"JI~dD t"~~"L~~E ~~~ E~VTD~.D ~ sl•,:~ JO, 1~71 ~ Revenue ( Pdote 1) California Veh~cle Code fines ' Expendi ~ures ( i+io ~e 2~ ~rans~erred fro~ General ~xnd (Page 2~} , Stre°~ Da~rision laror S~reet Diviszon sup~lies axid e~4~se D~crease in Fund ~alance during y~ar ' F~nd Ba.lance at „~une 3~a 1570 ~ ~lZnd Palance a~ June 30, 1~7]. ~ i 1 1 -~YO- ~150, 0~70 1$S~O~D FTNA.~ICTAL STA~'F~I~I~ ~ ~t,100 ~6,283 $ 50, 380 ~ ~0,000 30,380 w 50,380 ~~89, 5~ 335,000 (~+5,~+~2) 75r792 ~ 30, 3~ ~ CI`ITY OF SANTA A7aN~CA ~ __ - -- - ---- ~ ' ' ~ ~ ' ~ ~ ~ ~ ~ ~ ~ ~ ' STA'I'E SPi,~`=AL GAS `i -'~ ~'~T1VTD RECF~~PTS I'~s~:D DI~?L~FS~':~ "S YEI~~i ~'3:T,FD .TU~~;L 3tJ . 1971 Beginnin~ ~ash BaJ.,ance in C~ty Treasury at Jul.y l, Ig70 R~cea.r~ts *~asn rece~pts ~ro,~ StatE - Section 2107 ~ash receipts fram ~tate - Section 210'~.5 ~Cas?~ reca:.pts fra~^ ~tate - S=ction 210ti ~nterest on tex~ d~gosits ~.nd U.S. Treasury r~~Ils FINELNCI.4L STA~~~h'T $ 93~,5~9 ~3b9,8~~ 7,500 399,0~3 b7,o27 ~~-3~3~1 ~, 77~~ D~ S~U.T'S~;*;EI1tS S@Ct1Q?7 ~107: Pxojec~ 13:, J.a. 7'89-17 $ 12,533 Pro,je~~ ?t+~-~ J.a. -c~ 2J0 ~D~f~4li ~4CJ~ U ~l~• ~~~ ~7~/~ I'ro~ect 11~, ,T.G. -36 5,~3~ Pro~e~~ z5i, "iain tenance 2~~3~000 Tota1 JACt~on 2~07 316,657 Sectia:~ 210?. j: Prc,~ect ~-15, Er_g i~eerin~ 7,5~~ Sec~ion 27.06: Pra j ect 1.:.9, J.O. 78 j-06 3~, 6~52 Pro~ect 12~3, J.o. -lo 16,5~5 Pro~ect 137, J.O. -~7 10,OQ0 Pro~ec~ 1~+2, J.O. -22 68,5:~ Pro,7 ect 1~+3, ~7. G. -25 1,143 Pra~ect l~+F, J.O. -29 7,120 PT'O,;eG~; 1~-F9, ~T. O. -35 7 t~~T ~ Total Sect?on 2100' 1~+~~~+j2 CondeTnna~zan De~os3 ±, Spction 2~.06 32~0~~0 Total Dis~i;.rser~ea~s 5~~~~p~ Ending Cash Ealance in Ci~y ~5reasury at June 30, 1971 (Page ~-l~ $1~272~281 -~AA~ortionm~nt ~359,37~- ~#p,~Partionraant ~387,002 Cor.de..~naticr. ~epasit s• Cond.emnation D~~osits: Interest ~37 In~eres~ 12,02I ~? 9~i ~399,a23 _t~2_ ~ ~ ~ I i ~ ~ ~ ' ~ ~ ' ~ ' ' ~ CITY 0~' SANTA h;OHICA COUI~TTY ~PE~IA?. RD4D ":~EtT:D R~C~:~FT`~ ~g~~ I~IS~~,'KS~i ,IdTS Y~r1~? E: ,~ aD Jf F~•: F' 30 ~ 1~71 Eeginnirig Cash Ba,lance, July l, 1970 Receipts Fro,~ect C-"~8 Fra~~ct C-79 ~otal P,eceipts Di s~urse:.ents Pro,ject C-~6 Pro,;ec ~ C-77 Pro~ect ~-78 Project ~-~9 Ret~.zrn to Los Angeles Cour~ty af une~ended ~ro,~ect f~znds: Pro`ect C-7n P_ro~ect C-77 Total b~sburse~ents Ending Cash Bala..~ce at June 30, 1971 (F~~e ~3} _~4~.. FINA:~ICIAL STA~NT ~w~~~-, 30 5 ~-~-7 ~ 53g 9,~-5~ ~8r7~7 $ 36,774 2~8 8~~+ ~ 5~', ~ ~-,114 6,ob6 10~, ~04 117,282 27 8~~ 2~ ~ ~57 i CT`i'~' Qr SA~aTA MO?~ICA ' --- - - -- ---- ~ ~ Cash (Idote ~F) i . W~~,D AF'?ATx`'i~I~T F'.It~D BAZ.Atv~.^,~, SF~~"'~ J[JI'~E 30 r 1971 Asset Reserve a.nd Def~cit FINkhCIAL STAT~IETdT ~ Reserve °or F:~~u„~~r~tr~^s ~Note ?~ ~ D~ficit Tota1 Reserve and Deficit ' STAT~'~.+*i:,~`a'I' 0~'' RFaV.~`'._T`~' ~ EXPEI~~~TURES p.ND °~I~~~ES Ii~ D~FICIm rL~ ~~D.~1~ ~u'<~` 3~, 197~. P,ever~uz (~;ote l~ ~ ~arr9n~ asses~ments pel~nqu~nt assess:~ents Penaltaes an~ inter~s~ ~ City property Weed cleai~ing ~ Total Revenue Sxpenditures (~lote 2) ' ~~°nd~tures far wzed cleani.ng ~xcess of Expendit~xes over R°ver.ue , I}ecrease in ~eserve fcr ~ncumbrances Increase in F'und Balance during yEar ' Deficit at Jur,e 3~~, 1.97d ~ Defici~ at June 30, ~.971 $ 13,557 ~~ 6~ ~ Idote; Weed abate:~ent assessr,:ents receivai~~e at Ju.n~e 30, 1971, ~13,38~, f~il.1.f resex~vea, are not included on statements. , ' --~+o- ~ (7,0~~) .~a 1,122 (8,170) $ (7,0~8) ~ 1~,020 ~,23a a.5,250 19ro19 (3,769~ ~+ r 2oD ~+91~ {8~65t} ~ ($,~~~? , ~ 1 1 ' ' ' ' ~ ' 1 i 1 t 1 1 i 1 1 CI'I'Y 4F SkNTA Aid':dICA CAPITL~ PROJ'ECTS F[,~I•7t~ 1gb7 ~:r~~~ R~lEI~ :.'E BC`T°:DS STA^~'ENL".IvTT Oi ~;E~~IP`1'S ~°]I7 DIS~?URSE!~u;i~"I'S YEAR F'T~~~~ ~TTJ;';~' 3'~ ~ ~-97~- Be~innin~ Ca.sh, 3une 30, 1970 Receipts Interest incor~e reven~ae Disburser~°nts Construction p~enditures ~Page ~~} ~n~irg i,ash, June 3~, ~971 _ ~}~_ FII~IAI~~CIAL STA~~.t:T ~ ~VJ~~~ ~,592 {3~r5~~~ ~ -a- -- ' ' ' ~ , ' ' ~ 1 ~ 1 ' ' ~ ~ 1 ' CY'rY 0~' SWv'?'A ~:~*i7CA A~~O~iT ~P~~TIli~s F[7~~ /'tly~'1LY~AS Vi l~:l=1~14AL~] 11~J II~TAS~1tl~~ ~/Ktl:Y11Yt~J Y~~~ E~~~~ ~'E~r;~ 3~, ~97~ IVet In^o~e far Year {Pa~e 51~ Tncrease ir ~eserve for Encu.-~~rances Fixed Assets acauired i.hrough L~preciat~on F~arid tPabe 52) Funded Deprecz~,tzo~ Transfers to Depreciat~on xlzzld {Page 52) Add~tiaaa.l A1lowan~e ~or Uncollec~ible Accaa.~ts Trans~'er to ~°neral F~nd ,Pa~e 2~~ ~ecrease ~n Retainec Earnings during year Reta~ned ~arn~r~s a~ Ju~° 3~, ~97C Retained Earni~s at June 30, ~973 S~ ~~i.T~,E 0~' .~ T~D ASSETS JVdE 3D a 19 ~Z Land Impro.tements to Land Build~.n~s Con;,rol Tower Ac#~.~~inzstrat~'an Buildir~ (es~imated~ Equipment s~ara~e ~hed F€an~ar T-2~;~ ; estima~ed) Ha*.~ar T-2~1 ~ estiraatec} service station Equip:~ent Automoti~re, ofs"~ce, miscellaneoas (esti;~atea) To4a1. rixe3 Assets {Page ~~) -50- $ 32~ 5'+8 97,020 1~,5~7 39, ~; ~+ 30, ~0.^~ ~7,~~9 FTNANCIAL STA'!'F3~,N~' ~ 1S~+, ~+38 (~~~9~ 2,Q75 ( 37, ~~+~+) t5~6~~) (1~, 729) ( 39, 9~+3) 2t262,825 ~2r222~882 ~~-~~33,~8~ 77~, 97'3 238,82~ 92,~5g ~z,3~3,539 ' -- - CI~Y OF SA;1TA N.OIvIuA - - FIh'AIdCI~tL STATL~~NT - --- _- - -- - -- - - - , - - - - - - - -- --- - - -- AL~PO~t~' ~~~,~~I~nC~A~~GI~I FiF:dD ' BALA~IC~~ S~°T Jur:~~ 30, ~9?~. ' As set , Cash (TTo~e ~+) ~~-55r~E5 ' RocF?r~r~ •~,r7 ~;nr''; "'~~~ n~ _ 1 Resez-ve for Enc~ubran~es ~ 2~+,1~2 ~nd ~3alance ~-3~r~73 ' ~'otal Reserve and F~.nd Balance ~7. j518~~ ~ ~T~T~.,~~'i;T OF CF.r1:°.G~S IPv; F~J~TD ~~LA~;,E ' Y~GR EP:~~D Sf7fvE ~0~ 1~71 ~~ec~ Depreeiation ~ransfe~red fram Airpor~ Gpera+ing F1.ind {Pa;~ ',~Q) ~ 37,8~+~+ 1 Ex~end~tures (Pa~e 50) (~,~75) ' ~ncrease in Reserve fpr Encu.Lbrances {2~y~92} Inereasz ~n Fund Balance during year 11,5'7'~j ' ~nd Balance a~ Jti*~A 3~, 197fl J.20r49b ~a ~a.an~~ at Jun~ 3~, i97i $13~-, 6T3 ~ ' 1 ' ' 1 ~5~_ ' CITY OF SA.'3iA biONICA , --- ------ - -- ------- --- 'I`RAtv ~Pu~~' ~': ~'"~ OI'd CP~ .':~ ~?::~ FUND ~ S`~'~1Ti?`~~ ~?~:T bF I~':^G`~r, YEAR F1~^~=~ ~N"~ 3~; .'~977. Op~rati~~ Revenue {Note l~ ~ Passen~zr fares Char~ers Advertising ~ O~.h~r Qperatin~ Ex~enses (?Vate ~~ ' Drivers' wa~es, fuel, r;nd ot?:er trans~er~ation expense Eqa~.pw•ent mainter.an~e and narage De~recl~tion Insur~n^e ar,d safe~y ~ A~~n;nistrazzve and gen~ral Advervisir.~ Ren~s ~ ~ad de~ts e~aense Net Operat~n~ Loss ~ Non-o~era* ~n~ Re~ren~ae Sale of buses ar.d service cars Rental of ouses and prop°rtf ' Other h'et Incc:ne for the year 1 , TR~`sPISPOR ~ e"~TIOi1 ^PER ~.mTi1;, : fJiVTD ` kNALYSIS Q~ ~i~";uE~ I;~ P,E~n~~~~7 x'A~Ziv'IidirS YE~,R r.: ~~~ ,7U:dE 3~ r 1~71 ' ~vTe~ Inceme for ~he year Fixe~ Assets acquir~d thrQUgh Depreciati.on .~und (Page 55) ~ Funded Degre~iation transferred to ~epreci~,tion ~na ~Pa~e 55} ~ In~rease in Reserve for Encurlbran~es Transfer i,a Geaer~.l F~nd (?age 2Q) ~ Decrease in Retained ~,arr,ings Re~ained Earnin~s ~a.l~nce at Jure 30, 1970 ~ Retained :.arnir.~s Balance at June 30, ~97~. ~ ~ ~5~+~ Fu~RNCZAL S~'AT~''~+IENT ~2,3~~,5~7 13~-, 5~+~ 6~., 7~~ 316 ~., 5?2, 085 35~+, ~~ ~53,~~? 7-33, 772 269,D~~ b,~50 ~,s,~ ~.4~- 55,~7~ 2,6~1 5,~~3 ~~~5~3,0$~ ~,555~3~1 ~~~~~~~ ~3,33~ ~ 11,375 $ 11,075 ~03, ~~+5 (~53,282) ~3~3) (5~,392) (189,09b} 2,6~7,657 $2r 432~ 561 1 CITI' 4F S~*~TA MONICA -- - __-_ ~ - ~ - , Cash (Prote ~+) ~ Accounts Recelvacl~ Tot~.l. Assets ~ , G~~'E~:' ~~'ER~TT;;1 i~J?iD EA; Al~;:~ S~~T JU~~ ' 34 ~ ~~7~- Assets Liab~lities~ Reserve and ??e±ained yarnin~s I,ia~ili~ies Accounts pa~•ab~e ~ Accrued payroll Reserve far ~ncum~rances ~ido4e 2~ ' Retained Earnin~s Total Liabz~ities, ~eserve arid Reta~ned ~arnings ~ , SiAT~~'i;ivT`~' OF Ii?~~0:•~ A1~1D Aid:.~YSIS C~' RET,!~ZIf~,D E~.F?dl~~vS ~ r~~.~ ~:~r~~.n 4~-~r_:~. ?a, i97~ Revenue (P~otp l~ ~ Lot sates ?~ilscellan4o~.~s sales and sazvices Interest ~ diviaends on Perpetaal Care k~na ~nves~rtents ' Exp~ns~s (T'tote 2) Salarzes an4 wagAs Sunplies ~.nd elcpense , het Inco:n~ for the y~ar 1 Fixed. Asse~s yx;~er.d~tures ~ncrease in reserve #'or Lneu.,mbrances In~erfund ~'a ar~srers: To Lemevery P~rpetua~ ~are Ftiu~d (Page 63} I From Gen~rsl r~,znd (Pa~e 20~ Tdo Charge in Re ~~.in°d ~'arnings durin~ yee.r , Re~;ained Earnin~s at ,~une 30, ].970, and ~une 3~, 1~7~. 1 -55- F`T:rTRNCIAL ~'TA~I~T ~ 1,17~ 7,~37 $ ~9, ~-55 7~,7~5 ~g,8~2 ~2~+, 687 ~5,957 (~g,~6o) ~~~~89 ~ ~2,082 2~I&2 $ 1~+, 2~4 $ 8, 211 3, 38~ 2, 6~+g ~ ~4, 2~+~- ~~7~,~5~ 7. ~0 r 6~+~+ ~9, ~+08 {87,773? (3, 3~~+) 7~r7~9 -0 - ~ ~~6~9 ' _1 , , , , ~ ~ ' ' ~ ' I ' 1 ' ' , ' CIT7 4F SA?dTA MO~TCA WA'~i?~ OPEPAT~:•.G r u:lD AS~ALYSIS QF C1'.A~~J~S IF~ ±,~TATTdED EA~NI:~vS 7CE?`iR i:;T~ED JL~v~' 3~ t 1~71 Net In4orle for Year Tncr~as~ ir. Reserve for ~ncumbrances Flxed Assets acquired throu~,h: Eond ~Znc. ~*~ot° 6) (pa;e ~E8) Depreca.a~zon k~z.~d (l~ote ~) (Pa~e ~Oy ~lznded D°prec?ation Transfers to 3}e~:reci~t~ar~ ~nd (Page 60) Int~rfu.*~d Trans~ ers Fro:n: Gener~l ~nd (P~ge 2~~ mo: Water ~spre~iaticn ~4and {Pe~e t~3) Debt Service ~zr.~s Increase ~n ~Seta~.ned Earnings during y ear Retair.ed ~arnings at June 3~, ~970 Reta~ned Earnir_~;s at June ~Q, 1~71 S~'ATL'~y1m CF '~~~CQ':=~ Y~AR ~kdJ~:~ J~JT:~ 34, 1~71. Opera~ing Rever.ue ~Note 1) Sale~ of ~~7ater: . Co^u4erc ~a~ Sales to Ci~y depart~ents Otk~er• l~ydrant ren~aZs Service i~stal~ation crlarges Operatin~, Expe;~sPs (A;ote 2} Purch~se of kater Pumgir~ PL:r~fication 'I~a~s:niss~a:a aa~zd ~istr~bution Custo*rers' accour.tino a:~d ~o1lECtzng AdmYnistratlcn L~preciation Inc~r~e fror~ Cp~rations ~an-op~ratin~ In~o:^e Sa1e of su_~Zus nroperty Ren~al of prop~rty Other Non-aperatir_g T'xpense Plet In~ome for the year .. ~g_ ~~~583,6a~ ~~1~~0 ~-3, ~79 5~r3~7 FINAI~°CIAL S`~~i~N~` $ 30, 5~+2 331,139 1.60, ~~5 { ~.3, ~+28 ) ( 2~-5,000} $1, 628, 55~+ ~ 200, 223 (2,681) 36~, E81. {225,000) (~32, 5~+2} 20~,681 9t 192, ~+c~ ~w9, ~9~*, ~-~3 65,866 ~1,b~4,~+20 b~1, ~+97 ~-~3, 2S3 5~,317 ~1+3, 531 67, 83~~ 15~, 0~+1 225~C~0 lo, 283 ~, 5~ Z,5~9 1 ~ ~+69, ~+'a9 ~ 22~+, 95~ 17,412 ~ ~+2,1~:~ } ~ 2J0, 2?3 ' _1 ~ ' ~ ' ~ ~ ~ ' ' ' ~ i ~ ~ ~ ' 1 C I'!'Y OF aA'~"_'A MOh I~~ h'AT~ Dr.~~?E~vIATTC~ FCTi?D &'II~A~v~~: Sk~~~' JiTs`~F 30r 1~7~ Astiet Cash (?`taue ~+) Liabi~~ties, Res~rvs 8T7(~ ~7.'"'! F'1~ ~11CL' L~abi~i~~es Accovn~s ~ayable Accr~:ed gayroll Reserve for ~ncumbrances (i~'ote 2~ ~r~d Balance Tota~ Liabi~ities, Reserne and ~.ind ~alanc~ Al`ALXS~S QF C?~Iv~S IIv FU~;D ~;LAi;CE r~A~t ~r;nu~ ~ul;~ 3~~, 1~7a Funde~ Depreeiation (Page 58} Acqua.sit~on o~ rYxed Asse~s (Page ,~} Exc~ss of Acquis~t~ons Over ~r_ded ]Jeprecia~ion Decrease ~.n Reserve for ~nc~:brances Trar~sfer fro~ Wa±~r Qperating Fund ~Pa.ge 58) Decrease ~n Fund B~].ance durin~ year F~nd Balance ~.t Jun° 3Q, 1970 F~nd D~lance at ~T~ne 30, ~g77. -6~- FTI~'~"dCIA.T~ S"'A~I~T`I' ~ 2rEE`~ ~5~9,57~ 75~ $ 3~~+~~- z82,968 323,~89 ~50~,57~ ~225,C~o 33z,~39 $(~06,~39) 20, 258 ~+8, ~+28 c~~,~~3~ 36~,6~2 ~32?, ~.89 ' CT'?'Y OF Sf;~'3^'A MONICA ~ - ----- - _-- ---- ~ , G~1V'~AL S~?Vi~ a :;~4'O~Z'~`It;~ ~'[.~:~D ~r.PkTD I.:;~TJ~'iiPY~E SC}~~~~UL~ YEAT~ ~'1~~I]ED JU:~~ 3°~ r 1~71 I'ire ~ 7.5.~ tlunicip~l Pier b.5*! ti*unicipa~. Pier 2,9~2:~~ P~r:~in~ Struc-~ures (~+~ ' (i ire & ~,~rth~ua~e~ 53~`'i Ren~a? value o#' s~ruc~u.res ].23M Various ~~.wl~in~s, Par~ing , Auti:ority 11,5~O:d V~rious ou=?dinos & content5 (~~anl:~t ~alicy) 1Qu?Yi Stea.~ boa.~crs, Li~rary, and ~ kiu.n~~i~~l Poo7. 30.t5M Fine Arts Floater, L:~brary ~ 'Z'o~a.I 1'rc~aid Fare Tnsurance Fi~eZity io::~s ~ 25~~4 ra~tr.f~zl ~erforraance blanl:et 10~?Y; Treasurer's ban~ , 51# Honesvy blanite~ posat~an ~ond Tota1 Prepaid FadeZity pon~s ' Public L~pbil~.ty Policy Tdur:i:er Px~epazd t~ 6~77~59 5/~/72 o~~F31701 11/1/7~ 0~+~31701 11%i/7~ 0~+~'31701 1~/i/7~ 0~+~32~57 z2/~/7z 1~g5335 1/31/~~3 55y:61~s395 12/28/73 335~5299 3356517~ 335253~~ ~r~7i7~ i~./~i 7~ 7/~f ~3 lOM to , z,ooor•i Par~ing Auwnority Par:~ing Lots and Prop~rty 33~~7233 il/2i/72 ' Sur~lary and R~bber~ 33idS3353rCA ~2~~~73 Cc:~-~ensat_o~z Insuran~e Le~asit ~ Tota1 Gener2l Servi~e ~nd Prepaid Ins~arance {Page 61) , ~ ~ ' _~~_ FINAIr`CIAL ~TA'I'~~NT Annua~ Writeof~ $ 22t 210 ~+, °57 792 271 6,626 255 35 1,181 ~5~ 366 2,a31 ~, 9~5 Rema~ n? r.g ~.t o'~30~71 ~ ~+~+3 210 3, ~-~ 2b~ b5 6,626 255 70 ~.1 r ~.51 2,3E2 675 73Z 3~768 2,03~ 3~851 2~,000 ~ ~+5,8~1 r ~ ~ , ~ ~ ~ ~ ~ ~ , ~ ~ ~ ~ ~ ' ~ ~ cz~ o~ s~;~~ r~oxz~A AS~SCEF Ijl~:"d :OUS ~UST : U?~TDS BAI~~"'.C~ Sii~L~ Jtr~~,F 3~, 197~ Assets Cash {Ptote ~+) D~posa~s Re~eivab~.e Ta{ al ~ssets Trus~ ~znds ~.ala~ce FINAI`TCIAL S'I'A'I'Il~f.,tr'T $~35,211~- 35,0~0 ~670,21~ 'I'ransportat?cn Sta~p Transi,t Disi,~ ~ct ~5~,835 Street bond adv~r~is~.r~~ deposius 115 Pla~s and sx~ec:.fi^ations dz~osi~s 1,2~5 Taxi driver cadY~es 2,'~1.~ Stre~t an~ sewer ~nspect~on dpposits 'j,g90 Sure~y bonds and bid deposits 7i,~r5~ R~creat~on ~eNaru_.enT ce~,osits ~.,;~j Unela~m~d payroll. checks ~~262 Tata1 T~ast Funds Balance $E`~p~211 ~Inc].udes ~7~~,~35 Ce~ificate of Deposit ..~~_ ~ r^w w ~ ~ ~ ~^r ~ wr ~w r~ ~^ ~ ~w r w~^ ~ ~ ~ ~rl~l`Y 0-~ Jril5T1A z';VTI~J.~'i.R F11r.^~i~`.iv~~',~ 5n~1r,z~t~;^*--Lt ' GEl+iI',FiAL ,30~TDFD D~.RT YElaR ~idl3„D Ji7~F 34, 1.;'71. FinaZ F'rincfpa~ Retired Pr#.ncipr~Z Fu~ure P~yment Coupon AuthorizA- Otat; ~t~nclin~ Ih,;ri.n~; 4utst,anc3in~ Fnterest Issuc and Cl~~s Ye~r H~.te~ tian Year 7~_ 70 1970-7`_ ~ 3~ 71 Cost Watex k'orks Aionds W~~~i;er ly'~3 2-].~2 ~9~8 ~ 255~000 ~ ~S~OC;~? ~ ].90~000 ~ ~,9~9 srT~,ter 1~71 3 195~ ' 36o,0oD 1f30,00':) 1.8~,UOO ~,7oD WaLer .1973 3-1/~+ 1~58 3~,00~ 3~~,ObO ~23,~u~Q 975,000 2i}.5,oc~~ ~73~0~0 33~~~?3 Sewer ~ond~, Sewer ; 1973 2-~/2 ~9~+~3 71,Q40 19~OC) 52~0~0 I~'~"(0 ~ ~~ ~~~wer 1~71 3 1~58 2r?'J,C)~JO 11.O,OC~ ].~Q,Q00 i,6;0 ~ewer ~973 3-1~~+ ~y5~ ~7aLoao 17Ut000 10,?..?~3 ~ ~+~].,000 1?9,QO'~ ~ 332,0~0 13~~r~~3 hii~cell~.r:cous Boz~ds ~?rearw~ter 1970 5 i93i 19,000 1.9,007 -0- --0- Recreut,ion 1973 2-~~~ 1.9~~8 100,~0a 27,C3C`~ '~3,Oa0 2,~~~6 Coz'pcr3't:on Yr~rd , 1973 2_~-~~ 19)1~3 ?_~,OJC) 9,!)CJ ?0,000 6~3J. Aud~{~ori.um 7.970 2 ~955 1'~0,0~)~ 17U,00~ -~- -~- L~bx~..•y 1~73 2-~.~~+ 1962 30C),D00 100,00~ ~ 200~0c70 ~,75~ 6~~,000 3~5,oc~ _ 293,000 _ 9,9~? Total~ F3onded T~ebt - Genera3 Ob~.i~ation ~3onds ~2 05~~ o~a t~~~_,~_ ~~~,.~ oo ~ ~ , ~ _ $~- 35>>000 _,_, ~_ ~_5~,~7~~ ' AA7tiL~R P ROI7 Csrr.::ut PabL•c A..-c.:~w~t ~ HARRY L. I470URSE AUDIT CO. SUII'E 222 • PHONH EXB1200K 3-0471 ~ hQ9 SAI3TA ~IQhICA BO~3L~A:D SA1tiTA MONICA, CAi.IFdA~TI~ 9040I ~ Decem~e~ 20, 1971 ~ , ' To the Parking Autharity of The City of Sar~ta Moniea suxc~S JO;~so~s Fx~.un.u Lkbac Aavun:sae ~ In our opinion, the acco~panying cosnbi:~ed €und halance sheat and the rela~ed co~hined f~nd statement of revenue, expenditc:res and changes in ! unapgragriated surplus, pages 69 through 73, present fairly the financial ' gositi.v~ of the P~rkino ~utharity af the City af Santa ~ionica at J~r~e 3a, 1971 and the resulCS af its operations for the year then ended, in con~ ~ formity with general~y accapted acco~nting principle~ a~pl.ied on a basi,s consistent with that of the preceding year. Dur examir-ation of thase i statements was saade in accordance with generaliy accepted auditing st~n.. ~ d~rds and accordi.ngly ~nclesded such tes~s of the accoun'ting records and such ather audit~ng procadures as we cor~sidered necessary ir- the ez.rcum- ~ stanCes. ' HARRY L. NOLT;SE A~IDIT COMPAiVY .~-'~~~ ' ~ _~--~~` ' , i . ~:_` - ~ ~" f~ Certified Public ~ccountant ~ ~ ~ 1 ~ ~6S- , ~ ' ' ' ~ i ' ~ ~ ~ ' ' ' ~ ' ~ ' ~ P~KIT`„~ AUT~i~~c~TY C~' ?'~ CI`i'Y 0~ SAI~:TA ..~I~~CA P3G`i`ES ':'~ ~'w:`TnT~;~Tl~L S'-!'.~~'~,vy=dTB Fd0'='E 1- Pr~nc~ples of l~ccounuing xhe accou_*~~,s of ±he Parzir~ Aathori.tt~ a~ e~~.inta~r_ed o~ a^~od~fi°d cash bas~s c~' a~countin~. Revenu~s ~.r° recorned sspan receip~, a.nd eh-p°n~i- ~i.ai..~ Glr~. 1`......1:14~.Ci ."1:14i1 411t: l~ri.s.a~..:lA _i.Ci.~i.C:r.L`(~._~S ~jl~ .....~1~.._._. ~jL Zt,'~Clv::t',.. I~OT : 2 - ~?evernae R~verue for the Ge:aeral Cu?ratzr_~ ri~:~d of t?~° Par'~in; Aut~OY'ity ~.s ~erived frc~ receipts ~'rc~? o_^f ~tree~ ~wrkzr~~ me:.ers ar_d ~wr~1n~; ~o~s, ~ro~~r~;• rer,*als, int°r~s~ rre:~ exc~ss ~'~~tLL~ t~r~.ch ~avz b~ez lY1G`25~~a, ar~~ ~r.^.~ tr~e sale o~' real a:.d personaJ. pxo~~rty. ~Revenue ior the re;.irem°~t o~' bcnds and for d~bt serv~ ce pa~:,.en~s ~.s deriv~d ~ro~i ~ease o° par ~ir_g s~ru~tures arc3 lo~s, ard ~'xo~ in~eres~ eaxn4a frc:~ invested funds. I~TO`iE ~- Un.ma~ured ~o:xds and Znterest Payal~le Un~er ReLolut~on Pvo. 1I.0 (?~.5~ o~' the Fa,x~ktng Au~r~or~ty, ~aoptpd February ? 5, 1~05, ~oncs ~n tne ~.o~:nL of ;~~'~, 50~,0~~~.G~ ~tiAre au~r.orYZed. i:atur~ty dates af the ~o:~ds began ~u~xat Z, 19~9 ~~d wzll cont~n~° ur_til Au~us~ 1, I~~,~; however, bonds mata~ir~ o~ or aft~r Au~ust 1, 1~77 ~re ca11- ab~.e on or ~.fter Au~~st I, ~.976. P~y:r~nt of #he ~ond5 is ~,_~?ranveed uraer a~.ease a5reement ~rith tne Caty of Sar:~a hion~ca wn?rebY ~Y?e ~itY w~~l. o~~°rate a:~k mut~~ain parl~~ng s~ructures, bu~.lt iro.^~ the proc~~~3~ af '~~.e ~onGS, and certa~n p~.rkin~, lots pendi:~;~ construLt?on, ~'or a.~ anr.~<<t sta~ulat~d r~~t~1. ~he rental ~a•.-:-~e~ts r~u~t be wn~iu~ec ~y ~re C~~;,• in zts ann~t~ Guc.~e~. 1'a~~t°nts can ce m~c~e ~ro:~ a11. aY2lllc~~le sour~es; hon~~ver, the uzt;r ~s asin~ reven~;es fre:a t ~r~~ sourc°s ~n partYC~lar far ::os~ af the f~r_,ds r~~.,,~~re~. Ac~it~onal an.r~a~1 businvss Zicer_se ';,axes ara l.evied at ~iv~ ti~~~s t:~e re~ular rate an a11 c:~sinesses witrin a nzn~ sauare nlo~k area, w._^1~ ti*as e~t~oli~hed as a~'sr:~in, ard ~1151^e5s am~rav~~~r.t Rrea by ~i~y pr~ir_ar•~e. ~~ ad v~? ~rer: assess*z~n~ ~s levied on :,-~~e y.axa~le rea..l prapPr~y ~:iti~in ~r:e s~,:~ area a~ a xate n~t ta ex~eed a2.25 P:~=' 4100 zssessza val~,~a~}on. T~ne na~. ret~erues of al]. on stxeet m~±er~ zn Ssn~~ 1~fo::~c~ 2re appl~ed to ta~ rer~~.1, pa~^.:ants ~n tre e~:~er~ neecssar~ anc~ t~~ a~laelp. -5g- , CTT'Y OF 5AI'7TA i~10NT~A ~ - PkRKI~°G ' CC ~ ' AS~E~S APs~ QTF~R L`uBI~ ~Cash ' 7nterest RPC~ivs~rln ~ Idate Receiva~le F~xed Assets at Cost Land ' Structure s a,.nd impro~ emer. T~e ~ers Equ:~pment , ~rni ~uxe and fixtures Amount to hz prov~ded fpr 1 Retire*~~nt o~ 19b5 1lA~lc..i1U To~al Assets nr_d Qther Eebi ~ LIABILITT~'S~ RESF~V~. °~ Liab' zi,~.ies ' Revenue collected in adva Matur~d interest paya~le Unmatured ?nter~st paya~I ' Unmatured borc.s payaole { Totgl Liab~~ities Reserve for Encu~brane~s ' ~nvestm~n~ in F~xed Assets ' F~nd Balance To~a1 I,w~,bili ~ies, ~eserve ~ and pthex Credl~s *Cash includes: 1 Certifica~es of T~posit 1 1 ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ! ~ ~ ~ ~ ~ C~~ V-~ U~A~TA ~10?`TICp i' 11'i ~iiu~~ .~.i~~~'r,or--..'"T~ PAPKI7yG AUr!'~iQRITY 0~' ~'~~ C~TY 0~' SA~~A MO~i~;A COMBIIVr~;D F[JiiD .`.'~`I'APi':~ls~~'.~ OF R~z.,'LrFi`3'lTr,~ ~'1CF'~I'~7~`Pi~TI?}~;::i €c Cfi~'~;+,^.rj,:~ IN F(IIti`D FiAL1+NC~ Yi~',~'11? I~,iv:~r~I) ,~Ul'tii 30, Z971 ~g~~6 Revenue F~ond ~nc3s O~cr'~.ta.rs~ Acquisition ~r,~~ '3.'rusf; Scx-vace t'r°sez^~re ~ot,~.~ Ia'und C`ons~,ruct~on Ft:~;.l ~~'ar:d ~~~~nd Fun.d Revenue {No~es 1 ar~d 2) 0~ f street pr~xk~.ng mc:ters and Iots $ 60, 500 $ 60, ~04 Proper~;y r.ent~3.s (net~ ~~E,~3~.~2 ~~+,~3~i2 Infere"t inca:nc 9~,393- 3~'~~~3 ~~~,35~- ~ 30~051 Leasc af' parkin~, ~tructures and lots ~~~~~E, ~ j8 ~+`:~~ _ 6~3f>. ~ 3 ~ ~~: - ~ ~~i 5~ +, 5~~9 Fxp~ndti,ures (Ptiote ~.) a~.~~~~:-~~.~on df~ r~x~a ~.~s~ts ~'73,3~~ 1,52.1 17a.,€3~~0 (55) ir~>~raium axpense 32,f3;~~ ~ 3~~~'~ ~ 7nter•est exre~~se 31.f~,n7~ 2'~~~~1 ?_F~7,075 ~ Ret,ircrn~~nt of bon.ds 1.,015,0~)0 8~~;~OJ(} 150,U00 ' M~intenance ~~nd operati.on {P~.~e 73) 3~.,~3"~ ~~5r?,; F~ 39 3~+0 ~o~~ ~7~~ ~a'7,7o~. ~~I,o~v Excess (Def~ciency) of ~.^.venue aver. Y~,xp~ndttures (F~~1,091} 5~3,5~.0 (1C39,~+~~} (~~7,iQ~) 87,1~8~ Inter~nd ~Yansfers (?._U3~83U} 203~~330 Decre~~~e i.n R~serve for Payment Of Aebt Service 927~70~. ?27,7oi Decrcase ( Ir.cre~ ~e} in Reserve far Encu-~branc4 7 1~5,_~+93 33a) 1g5,~~3 Increase (Decreasaj in ~nd Bnl~.nce d~zri.r.c; yc~xr 222,103 58,28U (lz7,t+9~} ?_9Z,319 ~and Bal~nce at Jur~e 30, 1970 95~r~5~ 37,150 ].?_'~5 -~- 235,754 ~~9~,t-+G~ F~nd ~i;~lance at ~Fune 30 1977- a ~~. 17~,`.)'>'~ ~. ~ -~_ ~ `~5 ~+30 `~W ~-~ ~__ $ -Q- ~ -0- $5fi7,069 ~-- - ;~~i~~~~F~,B - , -- CTTY O~' S.AN'I'A ~4Q?~TICA -- - - - - - - - - -- - - - - ---- -- ' PARI~Ifir AE~TkCx?7"T'~ v'F 'L~ C`ITY ~:~ S1`=~a~.'A i~?bi`:I~A ~ OFEFZAII::G R?~I~'i;U" E~:ti? „Ypui~~LS Yr 4.~2 ~:.~}. ~..rir~;E ?0 1~7~ ' Revenue ~~~;o;,~s 1 ax~d 2~ Off stre~~ par:~ir.g r~eters: Lot ~l $ I1,603 ~r2, ;'2a, ard ,~3A 1 9&J ~ , y-3 and ;~~ ~~ , 255 ,'~T 2, 650 7+`~ ~, 55g ~ ~~~ 6~~ ~~~ ~+, 2~~ ,~18 ~, 5 53 , Leases a7d rer.tals: Lo~ ,Yt~ ("r~zneral Ho:~e} ~,~~fl Lot ;rll {Relo~~,f ion apar v;e:~~ pro p°rty} 7,000 ~ Lo~s A ta L, ~~~ ?~6 (~th Str~e~) (T~~t) ~b,0~+3 Lots S, T, U, Llk ~95 {~t:~ Street) {~qe~} 2,766 ' Lo~s i'~ to R, Blk ~~~ ~3rd ~trezt~ La±s ~ C D B~'~ ly7 (~rd Street} ;~:e~} (I; t~ 17,3~~ 1 ' p ~ ~ , e +, ~ ~ To~a~. Paric~n~ Author~~y ~2venzze ~ E~nnses (I':otp 1) ' General an~ a~m~n~stra~ive: O~f~ce s~.~p~lips ana expenses ~ 1~3~~ ;~Rer~bersh~ps ~nd ~ee~inos 51 Cii~y staff ser~rices 23,1`~l 1 Sp°cia1, de~art,:~en~ sup~lzes 5$~. hiain Street proper~y yt~~ ' Par~ing Lots - ~ainten~nce and operat~o:~: LGt ,T3. 2,06~3 ~2, ~2A, and -;?~A t~~p ~ ~3 and ~E~- 3,140 '~7 1, 614 ~~ ~~ y ~ ~~~ 1 .~lo arEd ~11 1, 62~ ~'~-2 ~., 658 ~~8 2~{} 2 ' ' , To~al Fark~n~ t~uthori+y ~ xpenses ~ , , -73- ~'L'Z~u+TCIAI. STA! ..A.Nrn ~ j2,~00 ~+2, 982 ~ ~~ E.~~, ~ 2n',106 ~3,23~ $ 39~3~ ' 1 1 ~ 1 ~ ' ' ~ ~ , ~ ~ ~ ' ~ ~ ' ' STJPPLE'~` _ P'_~'n~tv ~'~i';f: -C ZAL INFO n~`~.TTO~~, -7~- , CI'f'l GF S;':~TA ~:~~TICA ~'TNi~.t~CIAL S?'r'~~~i:~' ~ , ' Tn Lieu ~h~rees to ' City ~:enartr~.ents E:co2nse s /1~~ L:Ab t ~ :~ ' Leg?1 ~rrc-rat~d) Cl~~ms ~.r~~ court P4i sc°llu.r_vous ~::L~'-~I':~[~~i?i~~ ~ J:~7J ~~i'LL'.i~+_r1J O~L ~f:R ZClf..~ AU~~i3ST 20 ~~~?;2 - T~,:~ j~~ ~ 1~71 ~/~/5z to Ta ~al 6/;0/67 ~967-58 ~.9~~_~? 19~g-70 1970-7~. ta Dat~ ~2, 246,h7~ ~15-~ 5~`~ ~? 51, 759 ~~-5~, ~72 ~18_•^_, ~~~+5 ~2, ~`'~8, 5~+~ ~ _aF, ~o ~ a~, c~~ ~ z~ , o~o ~ ~_~, e~o z78,Q32 i~~7o~ ?-7~7a~ i7,7a~ ~+~,943 ~,3~7 ~,~33 51~~5 ~-, 959 b5 ~79 282 ~ Total Ex~,enses t+16,394 38,0~3 3~,7~2 ~+1, 277 ~a~.d LosseS ~ ]~y ll~~uster 3~a.,5~2 23~~28 3~~~+7~ ~3r C~vY 5~~+,732 53r2~5 5~+~3~? ~ Tetal Paid Losses 9~0~27~+ ~2, 523 ~~+,82~ Pre*r~~~.zms on Excess 522,~+~6 2~t868 2g~572 I t l E `1' " l 1 ~ ~ ~ a. Xpe?1d1tu1 O es + ~t~05~~2 7 + 1 1-7~ ~ j3~~~2 Un~~ae:~den B4~ance ~ 3~+0, 95~+ 3~+3, ~~7 3~+1~7~~ ~ Estimatpd Liabili~.y for U:settled C~aa~:s at ~Tur.~ 30, ~971 ~ ~rzd Eal~.nce per Balance ~neei, (Page 38) , ' r ~ ~ 36,~2~ 5~,7~ ~ 93,33~ 3?,~~3 165,~55 33~,7?~ 'Y ~ J 7 "``~41 y?,7~0 ', ~53 ~+3 4~.t29~ ~.8,832 ~+5, g2? 6-~ ~ ~~> ~6, ;~~. ~55,~.~6 ~~~fati~ ~ 'ZO`~ ~ ~~ 2'~y,7~? 66, 6al ~,52~ 579,~52 ~-~,?55 &~~r015 1r2~1r780 ~~g, ~~•~ 2,52~,57? 35g, 9~9 ~05,95~ $,... ~531~~9 ~ -75- f ~ CI`;'Y OF SEV'vT~ ?~,G`TTGA ~- - ~ Gl'~?t'~TIG;`:: ~TA`±'~•:Li4i' Dy~F''~r~ l, 1~5? .rir; : 3~, 1971, to Tota1 1 1~/~/7~ 6 j ~o~E7 1.y57-68 1~y5~-~~ 1909-7:~ ~.970-7~ to D~.te FL'r'1+.~'vT~TA?. STAT~'•'w .`.m S~'LI,F-Id~SU:~'+2,~E ~i7':•]~ - F';SF;S ' In L~eu x`'rem~uc:s chAr~e~. to Tr€~nspnr~~~ion ~e~car~~:~nt wl~~?_~~752 ~ ~%? ~:: ; ~ ~~~4~ ~ 95~51~ ~1~o~b~+D ~~~~~,1+1~ ~ Expenses !~-lCi j il ~''-. ~ .~ _l,"~ ~,e~u~ ~ u'-"O-T'8. w~C}.~ ~ Clai:~cs a~~~ eourt Ma. ~ czlla:~eous ~ =~-]tCi`~ =~ '^,' ^^ ?' ~v,r~~, ~a5, 5~+0 lo, ~?~~ ? o, ~2~~ 3~., ~~+2 1, 553 2, 5~ 5 ~,11.7 ~:9 _. ~15 ~5~ r 3~9 23~~22 2z~~ 0!~0 ~ ~_~ ~ ~7~-~ Y ~ , S A~n y 1 ~'T ~ <!ti 10,62~ 10,6?0 1f+8,02~~ ~~ 5b5 3, 527 ~+~, 61~ ?71 2~ 1r~78 ~ Tota1 ~~ynses Paid Losses 2~,176 25,~53 3~~,6~-0 .~y aa~:~s~pr~ 30~,~~8 i~3,a~5 2~,~9 26,0~9 z~,67~ 3~5,526 ' Ey c~ty 3~~, 720 ~+~, ~~.~ ~6, ~~~3 ~5 r g77 _ 3~-, ~~3g ~;t~~ ~.~2 To~al Faid I~osses 688~?3~ 67r~~3 6g~~~2 72r02o ,43a113 9L~t18~ ' Premiums o:~ Excess 2~~a925 ~r7~+8 11~12~ 12rFi~l ~6,~+~6 3~5,&J~ Tota1 ~us Liab ~li ~y ~~ense ~1 r~n ~,~~08 y 1~~0 . 5'r3 _ . :~1p~.172 . ~10~ 8~73 ; ~ 85 ~ 572 _ .~ a3~ 535 6its ~ ~,..... ' N!iles TraJEled 49,~95,°~29 ?r fllrlo7 3~~+~+1r1~~ 3~39~+j~u6 3~~~1,?_~19 62f823r~1 ' ~harge per Z~•~ h.kies ¢~ iranspartation D~pt. ~ Cost pex~ 1v~ Miles ~ 2.888 2.687 2.71i 2.875 ;.2~9 2.878 2.~+32 2.~23 3.068 3.2~1 2.607 ~.539 RE~API'_~JT~, ~'?' Io~~ Total in ?~ieu Pre~lums ~1,So8,~~I Act1lal ~,xpen~?itur~s for 223 Pdanths $1,~~5r62$ ~s~~;:,ate~ Lzabi~it~ fa: Lfnsettled Clai.~s ~.t .,TUne 30, 1~7~ 5~r ~5~ ~r ~S~+T 578 ~d Balanee ~ 153r833 Avera~e Annual CosL: ~5~863 -?7- ! c~~r o~ s~; ~~;. ;~~~r~~rc.~ ~ - -- -- _ ---- -- ~ ~ ~ ' R°vpnue , Total Revenue 0;~ S'*~YET P.~K~?'dG ?`~ TFZi ~`~SD r;~cur~s ~~ ~~s ;~:wsr~•~r~s sEP'I~,'~~r? 1, 194~ - ~fE!'~~fF ~Or Z97~- Ufa~~r [`n~~P^tin+til hi~sce.~lan°ous sales, ~ ei ~bursem~nts & re~-enun S~1e of p2'operty I Expen:?j ~ure~ Cain col3ection, eaunt=r~ & r.le~er :~azntenance Pol~ cp - cleric~l ar~d en="~r~e~npn~ ' ~ent~..l. & m~ rt nt~nance of' stru~ture s~~d lo-~ s r.a~ntenance o~ beaci: ~~rkin~ lots t~isceLlaneous , Tota1 ~'xpe~d?tures Capi~al a.nd Transfers ' EcUip~ent Pur~ ~ase an~ insta7.lati~*~ a~ meters I~prove~~en~s, per sc:~e~u1~ (Pa2;e 8~) , Trar.sfer to PaxKi:~ Authoxity (Page ~i2} Tota1 Capitai ar~d iransfers ~ ~otal DisbursemQnts End=ng Cash $al.ance ~ ~ ~ ~ 1 9/~/~ ~o b/3~/~~ ,~'''',3 s :~ ~.rl , (? ~_fl ~~ti~~ $1r~36 ~+r05~,~+15 ~37s ~'~~- ~27~ 3'~5 70~,502 `~ ~ ZO~J 269 ~ ~ 57z r tf~$ 10,035 3~ ~, C21 58,20?_ 2r0~9f^y83 2~ 3~3, 2?~~ 3, 95~+, 659 $ 99,755 FINAIrCI~ STt1~~W:;~ ~'ota] ~970-71 to Date `~+~ ?~~ ~j~~ t 1: ~ 7i ~ F/~l '2~a ' ~~,~a~ 8~,835 221,75g ~,27E,~8~ 2fi,1~2 ~5~-~, 3~3 35,065 ~+63,012 1;R,99i 86o,~.9s 5, i0~ 269 221,7~9 ~,793,~87 ~0,035 3~7,021 58,202 2,O~g,~B? 2 ~ 383 t 2~+1 - 221, ~'~~ ~, ~70', ~28 ~ 9~,75~ ~ R9~756 ~ -79- ~ CITY 0: SA.'V"?'A 1fpNi~A , ~ - ~ ~ ' ' i ~ ' ' ~ ~ ' ~ ~ r r Id+.:m~er q~ ~.eters cux~rent] in o~~rat~on F~ ~^~? ~~~r 1g~8-~9 (~-~./2 m3nths) 19~+9-50 ig~o-5~. 1951-52 195~-53 1953-~~- ~-95~-- 55 ~.955~5~ ~-956-57' ~9F7-58 ~958-59 ~959-~~ 1g5o-5i 1961-52 ~952-63 ~.963-6~ ~g6~+-65 z965-65 ~966-67' 1.gb7-b8 1g68-59 ~.969--70 1970 JuZy Augus't September Octo~er Idover.iber December 1971 January Feb~zary ldarch April M~y June motel 197~-7~ Grand ~^otal ~ C~TY OF SA'i'~'A :~:0'~ t ~x , . i i ~ ~ ~ i ~ ~ ~ ~ ' ~ ~ ~ ~ ~~;_..~~~ ~ ]2~iPR{iti': "+~:~'a i'~ Ff~<.~I:;'~ h~ "~t.S ~~ ~~-'CF' °'i ~ti'~1:Tr:u i ~a'i'w~ ~' L.!:i'~ Crigina3 paintin~ o~' parkir,g st~l~.s on s~ree+s I'ave par:~irro 1ot at 5a~ Pal~~ades ~•eac%: Rps.d ~ave paxl~ ~:^.~, J.ot at }~~ P~1i ~ade s~ea~h ~oac~ ~a.°w~:}r ~L-,`;'r~ ~nn r.~nc~?`~L^~ re~.z;_~;_r•~ ~-I?l~ , u±12.~~.' ~i0+.@Z p~.rk~r_;; ~Gi, FI~~A.~CIA:s ST:+'~*~?'~'" ~a..-np~r sc~-ips on Zats ~etw~en pe3~~tri~3e ar_~ ~irrr~y & T:~tiry C~.t.~b Park3n~ la~ nor#.;.~~r~y of p-er aduacen~ ~o ~eauvi].le (~1ans ~.nd fAr_cing) ~rive=~ray at 932 P~lisad.es Eeach r~oad ~xterc par :in;, ~.ot a.t 53'? Pa.Zisades ~~~,ch Road Instal.l m~ters on pler Grading u.~d o~Zwn~ of lots at B~~knell ard Ocean Rvenue C~unty ~a~~ dir~ par'_.in~; lat (total cost 4~2,265} Parksr.s lot at g2~+ Pr~,.Zisa~ns ~eac~ Foad Par~inc; lot, bump~r strips ar_d roadway, rorth of paer (tota]. co~t ~5,~17} $u.~.p~r s ~rips on 8 bea^h ~ar~:ing lots AJ.ley p~,vi:~ ass°ss~~nv, i~ots T and U, Rlo~~ ~11, mown of Sa.~n~a ~4onica ~~rkin~ lots nar~ri o~ p~er adjacent to ~~auville, Roads~.de Rest, and 53~ Palisades ~~~~n Rcad Lnlar~e::ent to i•i~niea F'io~~1 par~in~ lat, ~'ra:~enade at Viceni,e Terrace Paf,_'"kin~; lo~ on beac:~ between ttiTads~rort:~ and ~io~lister ~treets ~ns~a.~l rence ar,d patch ~avir,g, ~.ot at Fo? lis~er an~ Promenade 7raprovEmen~s to be;in, 1e~s~d pro~ert~r on bea~h C~earin~ v a.rious S~ate awqaired ~each properties Qn stree~ tra~~lc ~n~ter signs AdditionGl paint~r_~, a~d~tio:~~ str~et par~ing st~,lls Total at Jane 30, 1971. {Paoe 7~} ~ ~~flr~ is27~ ~,500 5,156 2~~ ~+50 72 650 37~ 728 3s 2~? 1., 514 ~,~~5 6~0 205 9,579 7,333 3, 9~ ~-29 1,602 ].]., q82 3,3~z ~63 ~ S8r202 -a~- ~ FIN:CMD:ymk:srcafr Council Meeting: December 11, 1990 TO: MAYOR AND CITY COUNCIL ~ ~~~ r~: ~ ~~~;~ Santa Manica, California 2 ~~r ~o z FROM: City Staff SUBJECT: TRANSMITTAL OF C~MPREHENSIVE ANNUAL FINANCIAL REPORT FOR FISCAL YEAR ENDED JUNE 30, 1990 Introduction This is to transmit to the City Council the City's Comprehensive Annual Financial Repart for FY1989-90 as required by Section 1516 of the City Charter. Backqraund The City Charter requires that the City's financial recards and systems be examined by a qualified accauntant, and that an audit report be submitted to the Council. The attached Comprehensive Annual Financial Repart for FY1989-90 contains the results of the audit work performed by the City's certified public accountant, KPMG Peat Marwick, and is submitted herewith in canformance with Charter requirements. Repor~ Hiqhiights The City's auditors have issued an unqua].ified opinion. This means that the auditars }aelieve that the City's combined financial statemEnts have been prepared in conformity with generaily accepted accounting principles and therefore fairly present the financial positian of the various fund types and account groups of the City. - 1 - f ~~ ' ' ' ~'4 L~ i' - ~ -~ 5, ~ ~ Budget/Financial Impact As the City's Comprehensive Annual Financial Report for FY1989-90 merely reports actual financial transactians, there is no FY1990-9~ }audget or financial impact. Recommendation It is respectfully recommended that the City's Comprehensive Annual Financial Report for FY1989-90 be r~ceived and filed. Prepared by: Mike ~ennis, Director of Fanance - 2 -