SR-201-002 (8)
---
-
'2- tJ I;, 002-
6J -.:r
Dre t 1 1984
F I : cr-m : f f
Counell Meetlng: December 11, 1984
Santa Monica, Callfornla
TO: Mayor and Clty Counel1
FROM: Clty Staff
SUBJECT: TRANSMITTAL OF COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR FISCAL YEAR 1983-84
Introduction
ThlS is to transmit to the City Councll the City's Comprehenslve
Annual Flnaneial Report for FY1983-84 as requlred by Sectlon 1516
of the Clty Charter.
Background
The Clty Charter requlres that the Clty'S flnanclal records and
systems be examined by a quallfled accountant, and that an audlt
report be Submltted to the Councl1.
The attached Comprehenslve
Annual Financial Report for FY1983-84 contalns the results of the
audlt work performed by the City's certlfled publlC accountant,
Peat, Marwlck, Mltchell & Company, and lS submitted hereWlth ln
conformance with Charter requlrements.
Report Hlghllghts
The followlng are the hlghlights of the Cl ty' S Comprehensl ve
Annual Flnanclal Report for FY1983-84:
The Clty'S auditors have ~ssued an unquallfled oplnl0n.
ThlS means that the auditors belleve that the Cl ty' s
'-I.
DEe 11 t984
- 1 -
,--....
-
-
As these report highllghts and the addltiona1 detalled flnanClal
lnfornatlon presented in the attached report 1ndlcate, the City
1S 1n a very strong financ1al conditlon.
Appropr1atlon to Gann Reserve
Under the provisions of Article XIII B of the State Constltutlon,
the Clty Councll 1S authorlzed to appropr1ate to a designated
account the dlfference between actual spendlng subJect to Gann
llroitation (adJusted for encumbrances and outstanding Federal and
State grants) and the C1ty'S Gann L1IDlt for that f1scal year.
By tak1ng thlS action, these monles are subjected to the Clty'S
FY1983-84 Gann expenditure llffilt. Thus, these "Ganned" mOnl€S
become available for appropriation durlng FY1984-85 and
subsequent flscal years free of FY1984-85 and/or subsequent
f1scal year's Gann expendlture llmitat1ons. In turn, thlS
increases the ablli ty of the Cl ty Counc1l to respond to the
serVlce needs of the clt1zens of the Clty.
On June 19, 1983, the Clty Council made such an approprlation up
to the lesser of $3,422,211 (based on estimates then available)
or the actual amount posslble as determlned 1n the Clty'S annual
financial aud1t. As shown 1n the attachment tabulation, the
actual amount possible was $1,018,347.
- 3 -
...." -
$ 4 0 , 3 70 , 0 6 9
(1,506,128)
3,185,983
49,149
$ 42,099,073
(5,744,343)
00,490,128)
$ 25,864,602
(26,882,949)
$ (1,018,347)
.
.
.
.
TABULATION OF AMOUNT OF END OF FY1983-84
GANN APPROPRIATION*
Total Actual
Expendltures
FY1983-84
Expenditures Appllcable to
FY1982-83 Gann Limit
FY1983-84 Encumbrances Carried
Over lnto FY1984-85
Adjustments for VarlOUS
Federal/State Grants
Adjusted Actual FY1983-84 Gann
Limlt Expendltures
PERS Payment
Expendltures Flnanced
Non-Proceeds of Taxes
from
Expendltures Flnanced
Proceeds of Taxes
from
FY1983-84 Gann Limlt
Amount Approprlated to a Gann
Reserve
*Tabulatlon appl1es to General Fund and Parks/Recreatlon Fund.
- 5 -
.I'
... - .
I
.,
.
e
:;z pI r 00 'Z
" -I
Dfe 1 1 JJ8f
FI: C1-1D: ff
Councll Meetlng: December 11, 1984
Santa Monlca, Californla
TO: Mayor and Clty Councll
FROM: Clty Staff
SUBJECT: TRANSMITTAL OF COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR FISCAL YEAR 1983-84
Introductlon
ThlS lS to tranSITlt to the Clty Counc1l the City's Comprehenslve
Annual Financlal Report for FY1983-84 as required by Sectlon 1516
of the City Charter.
Background
The Clty Charter requires that the City's financlal records and
systems be examlned by a quallfled accountant, and that an audlt
report be submltted to the Council.
The attached Comprehenslve
Annual FlnanClal Report for FY1983-84 contalns the results of the
audlt work performed by the City's certlf1ed publlc accountant,
Peat, Marw1ck, Mltchell & Company, and 1$ submltted herewlth In
conformance wlth Charter requlrements.
Report Hlghllghts
The followlng are the hlghllghts of the City' s Comprehensl ve
Annual Flnanclal Report for FY1983-84:
The City's auditors have lssued an unqualifled oplnlon.
ThlS means that the audl tors belleve that the Cl ty' s
"-2:
DEe 1 t 1984
- 1 -
... -
e
e
combined f~nanc~al statements have been prepared in
conformity w~th generally accepted accountlng prlnclples
and therefore fa~rly present the financlal pos1tion of
the var~ous fund types and account groups of the Clty.
The following 1S an overV1ew of FY1983-84 financ1al
operating results:
a) Total C~ty assets, liab1l1t1es and fund equ1t1es
(for all funds)
changed as lnd1cated in the
followlng table:
Change
FY1982-83 FY1983-84 Amount Percent
Assets 5211,652,658 $228,656,275 $17,003,617 8.0 %
Liabilit1es 56,521,230 6l,239,407 4,718,177 8.3
Fund EqUlty $155,131,428 $167,416,868 $12,285,440 7.9 %
b) Revenues and Transfers In for the C1 ty' 5 general
governmental funct1ons, cons1st1ng of the General,
Spec~al Revenue, Debt Servlce, Cap1tal Projects and
Expendable Trust Funds totaled $60,697,627.
This
represents a 24.3% 1ncrease from FY1982-83.
c) General
governmental
funct10n
expenditures
and
Transfers Out totaled $58,683,660 WhlCh reflects a
18.8% lncrease from FY1982-83.
d) Net lnCOme from all of the City's enterpr1se funds
for FY1983-84 was $2,211,957.
- 2 -
"
e
e
As these report hlghllghts and the addlt10nal detalled financlal
lnformat1on presented in the attached report indlcate, the City
lS In a very strong f1nanclal condltlon.
Approprlat1on to Gann Reserve
Under the provlsions of Artlcle XIII B of the State Const1tutlon,
the City Councll is authorlzed to approprlate to a deslgnated
account the dlfference between actual spending subJect to Gann
11IDltatlon (adJusted for encumbrances and outstandlng Federal and
State grants) and the Clty'S Gann L1mlt for that flscal year.
By taklng thlS actlon, these fionles are subjected to the Clty'S
FY1983-84 Gann expendlture 11ffilt. Thus, these "Ganned" monles
become avallable for approprlatlon durlng FY1984-85 and
subsequent flscal years free of FY1984-85 and/or subsequent
flscal year's Gann expendlture 11mltat1ons. In turn, thlS
lncreases the ability of the City Councll to respond to the
serVlce needs of the cltlzens of the Clty.
On June 19, 1983, the City Councll made such an appropriatlon up
to the lesser of $3,422,211 (based on estlmates then avallable)
or the actual amount possible as determlned in the City's annual
financial audit. As shown ln the attachment tabulatlon, the
actual amount posslble was $1,018,347.
- 3 -
e
e
Budget/F~nanc~al Impact
As the C~ty's Comprehensive Annual F~nanc~al Report for FY1983-84
merely reports actual financ~al transactions, there is no
FY1984-85 budget or f1nancial ~mpact.
Recomrnendat~on
It ~s respectfully recommended that the C~ty's Comprehens1ve
Annual F~nanc1al Report for FY1983-84 be rece~ved and filed.
Prepared by: M~ke Denn~s, Director of F1nance
- 4 -
,
-.
e
e
TABULATION OF ~10UNT OF END OF FY1983-84
GANN APPROPRIATION*
$ 4 0 , 3 70 , 0 6 9
Total Actual
Expend~tures
FY1983-84
(1,506,128)
Expenditures Applicable to
FY1982-83 Gann L~m~t
3,l85,983
FY1983-84 Encumbrances Carried
Over ~nto FY1984-85
49,149
Adjustments for Var10US
Federal/State Grants
$ 42,099,073
AdJusted Actual FY1983-84 Gann
L1m1t Expenditures
(5,744,343)
PERS Payment
(10,490,128)
Expenditures F1nanced
Non-Proceeds of Taxes
from
$ 25,864,602
Expend~tures F~nanced
Proceeds of Taxes
from
(26,882,949)
FY1983-84 Gann L~mit
$ (1,018,347)
Amount Appropr~ated to a Gann
Reserve
*Tabulat1on appl~es to General Fund and Parks/Recreatlon Fund.
- 5 -
I ·
e
e
.
~~V~~V~~V~~~/~k-2~~~_- L _1_
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
T - - r J
~
I I
CITY OF SANTA MONICA
CALIFORNIA
Comprehensive Annual Financial Report
Year Ended June 30, 1984
Prepared by
Department of FInance
C.NI. Dennis
City Controller/Director of F mance
,
W.R. Ramsey
Assistant DlrectOr of Finance
~
I f
.
.
e
e
~~~~~~~~~~"'J/~~~
-, , I I I I I I I I 1 I I I I I I I I I I I I I I I r r 1 I i -- 1
- INTRODUCTORY SECTION
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
City of Santa :\tlonica, California
Year Ended June 30, 1984
I
I
I
I
I
I
I
I
I
e
e
CITY OF SANTA MONICA, CALIFOIUnA
COMPREHENSIVE &~AL FINANCIAL REPORT
YEAR ENDED JUNE 30, 1984
TABLE OF CONTENTS
Title Page
INTRODUCTORY SECTION:
Table of Contents
Letter of Transmittal
Officials of the City of Santa Monica
City of Santa Montca Organization Chart
FINANCIAL SECTION:
Auditors' Opinion
I
I
I
I
I
i
I
I
I
I
Combined Financial Statements:
(General Purpose Financial Statements)
Combined Balance Sheet - All Fund Types and Account Groups
Combined Statement of Revenues, Expenditures and Changes
in Fund Balances - All Governmental Fund Types and
Expendable Trust Funds
Combined Statement of Revenuest Expenditures and Changes
in Fund Balances - Budget (Non-GAAP basis) and Actual -
General and Special Revenue Funds
Combined Statement of Revenuest Expenses and Changes
in Retained Earnings - All Proprietary Fund Types and
Similar Trust Funds
Combined Statement of Changes in Financial Position -
All Proprietary Fund Types and Simalar Trust Funds
Notes to Combined Financial Statements
COMBINll~Gt INDIVIDUAL FUNDS AND ACCOUNT GROUPS
STATEMENTS AND SCHEDULES:
General Fund:
Balance Sheet
Statement of Revenues, Expenditures and Changes
in Fund Balance - Budget (Non-GAAP Basls) and Actual
Special Revenue Funds:
Combining Balance Sheet
Combining Statement of Revenuest Expenditures and
Changes in Fund Balances
ii
Exhibit
pae;e
1.
h
V
XVl.
xvii
1
1
2
2
4
3
5
4
6
5
7
8
6
30
7
31
8
32
9
33
I
e
e
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
CITY OF SAl~TA MONICA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
TABLE OF CONTENTS. CONTINUED
STATISTICAL SECTION:
(Not Covered by Accountants' Report)
General Fund Expenditures by Major Function - Last Ten
Fiscal Years
General Fund Revenues and Transfers In by Source - Last
Ten Fiscal Years
Property Tax Levies and Collections - Last Ten Fiscal Years
Assessed Value - Last Ten Fiscal Years
Property Tax Rates - All Overlapping Governments - Last
Ten Fiscal Years
Ratio of Net Bonded Debt to Assessed Value and Bonded
Debt per Capita - Last Ten Fiscal Years
Computation of Legal Debt Margin
Computation of Overlapping Debt - June 30, 1984
Ratio of Annual Debt Service Expenditures for Bonded Debt
to Total General Fund Expenditures - Last Ten Fiscal Years
Park~ng Authority Revenue Bond Coverage - Last Ten Fiscal Years
Redevelopment Agency Revenue Bond Coverage
1980 Census Summary
Principal Property Taxpayers
Salaries and Surety Bonds of Principal Officials -
June 30, 1984
Schedule of Insurance - June 30, 1984
Miscellaneous Statistical Data
Property Value, Construction and Bank Deposits
iv
Table
Pa~e
1 60
2 61
3 62
4 63
5 64
6 65
7 66
8 67
9 68
1M 69
lOB 70
11 71
12 72
13 73
14 74
15 76
16 77
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
e
CITY OF
e
SANTA
MONICA
CALIFORNIA
POBox 2200, Santa Monica, California 90406-2200
Director of FInance
November 30, 1984
Honorable Mayor
Members of the C~ty Council, City Manager
and Citizens of Santa Monica
The Comprehens~ve Annual F~nancial Report (CAFR) of the City of
Santa Mon~ca, California for the fiscal year ended June 30, 1984,
~s submi tted herew~ th. This report was prepared by the City's
Finance Department. Responsibility for both the accuracy of the
presented data and the completeness and fairness of the
presentation, ~nclud~ng all d~sclosures, rests w~th the City. We
believe the data presented ~s accurate in all mater~al respects;
that it is presented in a manner designed to fairly set forth the
financial posit~on and results of operations of the Clty as
measured by the financial activity of ~ts various funds; and that
all disclosures necessary to enable the reader to gain the
maximum understanding of the City's f~nanc~al activity have been
included.
The format and content of the CAFR complies with the principles
and standards of accounting and financial report~ng adopted by
the newly formed Governmental Accounting Standards Board (GASB)
wh~ch has lncorporated all pronouncements of the previous
National Council on Governmental Accounting (NCGA). The CAFR 1S
organized lnto three main sectlons: 1) an Introductory Sectlon
to famlliar~ze the reader with the organizational structure of
the City, the services ~t provides and lts legal operating
envlronment; 2) a Financial Section to present overview combined
f~nancial statements and explanatory notes, comblning statements
by fund type, and lndividual fund and account group statements
and schedules; and 3) a Statist~cal Section to provlde addltlonal
flnancial and general information about the City.
The purposes of thlS letter of transmittal are to lntroduce the
reader to the Comprehens~ ve Annual Financlal Report by
summarizing informatlon presented in the CAFR concern~ng the
financ~al posltlon and financial activities of the Clty for the
f~scal year ended June 30, 1984, and to brlefly assess the
economic outlook of the C~ty. To accompl~sh these purposes, thlS
letter of transmittal, like the CAFR, conslsts of three sections:
1) Introductory Informatlon, 2) Flnancial Highlights, and 3)
Other Pertinent Informatlon.
v
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
~
e
e
Addit1onally, the CAFR includes the operations of two nonprofit
public corporations created during the fiscal year ended June 30,
1984, the Pier Restorat1on Corporation and the Th1rd Street
Development Corporation, as the City Council is the sole member
of both corporations, appoints their boards of directors, must
approve borrowing or the incurring of debt by each corporation,
and approves the budgets of each corporation. The newly created
Santa Mon1ca Arts Foundation (AF) has been excluded as the AF lS
not fiscally accountable to the C~ty Council.
Accounting Systems and Budgetary Control
In develop~ng and evaluating the City's accounting systems,
consideration is given to the adequacy of internal account~ng
controls. Internal accounting controls are des1gned to prov~de
reasonable, but not absolute, assurance regard~ng: 1) the
safeguarding of assets against loss from unauthorized use or
dispos~tion, and 2) the reliability of f1.nancial records for
preparing financial statements and mainta1ning accountabl1ity for
assets.
The concept of reasonable assurance recognizes that: 1) the cost
of a control should not exceed the beneflts llkely to be derived,
and 2) the evaluation of costs and benefits requires estimates
and judgments by management.
All internal control evaluations occur W~ thin the above
framework. We believe that the City's internal accounting
controls adequately safeguard assets and provide reasonable
assurance of proper recording of financial transactions.
Budgetary control is maintained at the object level by the
encumbrance of estimated purchase amounts pr~or to the release of
purchase orders to vendors and by the encumbrance of contracts.
Open encumbrances are reported as a reserve of fund balance at
June 30, 1984. All requests for the payment of City funds and
purchase orders prior to be~ng released to vendors are also
pre screened to ensure funds are ava~lable and the requests are
with1.n appropr~ation authority limlts approved by the City
Councll.
Fund Descriptions
The City' 5 accounting records are organi zed and operated on a
"fund" basis, Wh1Ch l.S the basic fiscal and accounting entity in
governmental accounting. Each fund is designated by fund type
and classificatlon:
Fund Type
Fund Classif1catlon
Governmental Funds
General, Special Revenue,
Capltal Projects, Debt Service
Enterpr~se, Internal Service
Trust (expendable and
nanexpendable)
Propr1.etary Funds
F1duc1ary Funds
vi~
I
I
I
I
I
I
I
I
I
'I
I
I
I
I
I
I
I
I
I
e
e
long-term llabillties not accounted for In proprietary funds)
does not requ~re financlal resources during the current
account~ng perlod. Accordingly, these amounts are not
accounted for In governmental funds, but in self-balanclng
account groups.
A description of each fund and account group can be found in the
Financlal Section of the CAFR.
Accomplishments of the City During Fiscal Year 1983-84
A detailed statement of program and project accomplishments of
the City during the fiscal year ended June 30, 1984 is contained
~n the C~ty of Santa Monica 1983-84 Year End Departmental
Performance Review wh~ch ~s available for publlc lnspectlon in
the City Clerk's office at City Hall. A summary of the City's
flnancial operations follows ~n the Financial Highlights section
of this letter.
FINANCIAL HIGHLIGHTS
The followlng tables and accompanYlng narrative are lntended to
prov~de the reader with a general financial overview of the Clty
for the flscal year ended June 30, 1984. To facllitate an
understanding of the relationship between the following surnmar2es
and the more detailed financial information provided in the CAFR,
a speciflc cross-reference to the appropriate CAFR exhlbi t is
prov~ded.
General Government Functions
General government functions encompass
types (general, speclal revenue, debt
proJects) and expendable trust funds. See
more detalled presentation of the following
all governmental fund
serv~ce and capltal
CAFR exhibit 2 for a
summary lnformatlon.
Total general government revenues plus operating transfers ln
lncreased $11,872,113 or 24.3% from the f~sca1 year ended June
30, 1983. This is shown by the follow2ng table:
Increase
(Decrease)
FY1983-84 Percent of From FY1982-83
Revenue Sources Amount Total Amount Percent
Property Taxes $ 8,527,307 14.0% S 407,341 5.0%
Sales Tax 11,174,077 l8.4 988,046 9.7
Other Taxes 10,098,566 16.6 1,671,075 19.8
L~cense and Permits 4,894,067 8.l 1,395,357 39.9
Intergovernmental 5,392,938 8.9 2,294,595 74.l
Charges for Servlces 5,372,968 8.9 970,753 22.1
Flnes and Forfe.l.ts 3,198,842 5.3 147,633 4.8
Use of Money and
Property/Rent 6,471,326 10.7 94,653 1.5
Other/Salary
Contributions 815,563 1.3 (I44,l25) (IS.O)
ix
I
I
I
I
I
I
I
I
I
I
I
I
I.
I
I
I
I
I
I
e
e
FY1983-84
Expenditure Function Amount
Percent
of Total
Increase
(Decrease)
From FY1982-83
Amount Percent
Other Financing Uses
Transfers Out
5,032,20l
8.6
4,26l,923
553.3
Total
$58,683,660
100.0%
$9,245,9l3
18.8%
The 228.6% increase in Housing and Community Development related
expenditures reflects the use of pr~or years Federal CDBG
allocations. The apparent large 1ncrease in Ret1rement
expenditures results from the fiscal year ended June 30, 1983
amount being reduced due to a one-time refund from the State.
The Capital Projects/Debt Service expenditure funct10n
encompasses the City's Redevelopment Agency programs and programs
funded from the Capital Improvement Fund. The 25.8 % decrease
primarily reflects decreased expenditures from the Capital
Improvement Fund in the fiscal year ended June 30, 1984 and the
cessation of the payment of ~nterest on the Federal Urban Renewal
Ocean Park project due to project terminat~on. The increase ~n
Transfers Out pr~mar~ly reflects technical account~ng changes
concerning the transfer of debt service payments from other
Redevelopment Agency payments, and the funds owed the CDBG Fund
by the Redevelopment Agency.
The general government fund balances increased by $3,589,725 or
21.1% dur~ng the last fiscal year as shown below:
Fund Balances (6/30/83)
Plus Revenues and Operat1ng
Transfers In
Less Expend~tures and Operat~ng
Transfers Out
Less Restatements for Compensated
Absences
Plus Residual Equity Transfers
$17,024,899
60,697,627
(58,683,660)
(l,296,767)
2,872,525
Fund Balances (6/30/84)
$20,614,624
The "Restatement for Compensated Absences" represents the accrual
of compensated absences as a current liability as now required by
NCGA Statement No.4, Account~ng and F~nanc~al Reporting
Pr~nciples for Claims and Judgements and Compensated Absences.
The residual equity transfers reflect the closing of the City's
Comprehensive Employment and Training Act (CETA) and Re~mbursable
Expenses Funds due to program term~nat~on and to more
appropriately account for City assets and liab~li ties, and to
separately account for Transportatlon Department capital
or~ginal1y contributed by the City.
xi
~
-.
r
.
Fund
Year Ended June 30,
1984 1983
(
Expenses
Net Income (Loss)
Retained Earnings
1l,788,107
$(1,52l,744)
$ 6,919,593
11,262,521
$(l,225,689)
$ 6,918,401
J
General Fixed Assets, Debt Administration and Cash Management
I
The general fixed assets of the C1ty are those fixed assets used
in the performance of general governmental functions and exclude
the fixed assets accounted for in enterprise and internal service
funds. The stated values represent the original cost of the
assets and are considerably less than the present-day values.
Depreciation of general fixed assets is not recognized in the
accounting system, a policy which is in accordance w1th generally
accepted account1ng principles.
-,
I
A summary of General Fixed Assets 1S as follows:
I
Balance
June 30, 1984
I
Land
Buildings
Improvements Other Than Buildings
Mach1nery and Equ1pment
Construction in Progress
$ 8,080,964
20,58l,45l
5,507,299
5,918,682
1,423,211
I
(
r
f
Total
$4l,511,607
The City does not have any outstanding general obligation debt.
The City's only outstanding debt as of June 30, 1984 consisted of
Downtown Parking Lease Revenue Bonds of the Redevelopment Agency
and Parking Revenue Bonds of the Park1ng Authority. Wh~le both
1ssues are financed by revenues generated by the projects, the
ratio of net bonded debt to City assessed valuat10n and the
amount of bonded debt per capita are useful indicators of the
C1ty'S debt position. The follow1ng shows this information as of
June 30, 1984:
Ratios
Debt To
Assessed
Value
Debt
Per Capita
-
I
Amount
Net Bonded Debt
$12,23l,469
.26%
$131.38
In order to max1mize interest earnings, the City comm1ngles the
cash of all funds except the Deferred Compensation Fund and the
Nonexpendable Trust Funds. Interest revenue 1S then allocated to
the funds on a quarterly basis based on their relat~ve cash
balances.
--
.......
xiii
Or~nization Cha~
City of Santa Monica
AS OF JUNE 30, 1984
I
I
I
I
I
I
I
I
I
I
I
.
r
CITY COUNCIL
City Attarney
Robert ~. Hyers
City Clerk
Ann M. Shore
1
,......
1 r- I
I
~l Pier R,,'orotion
I Corporation
r
I
- I
I
. I Third Street Development
- Corporation
-
.
.
-
.
I
I' .
City Monaoer
John H. Alschuler, Jr.
Assistant City ManoQlr
SohI'. E. Jal~l~
Deputy City Manag.r
Lvnne C. Barrette
;
xvii
Finance
Charles ~. ~e~n~s
Personnel
Susan E. XcCart~y
Police
Ja..'11es F. Kear:e
Fire
Tho~as C. To~nar.
Community a Economic Dey. J
:!.ark Tlgan
Recreation a Par hs
j
9ona.lc ':'. Arr.ett
I
J
l
Library
Carol A. Aror-c=f
Civic Auditorium
Gary ?ercuscr..
Santa Monica Airport
Har..k Dl.t::nar
Municipal Bus Lines
J. :? EutchlS0r:
General Servlc es
Stanley _. Scncll
I
e
e
I
I
r::1 PEAT
I ~ MARWICK
Peat. Mannck. \btchell & Co
Cerufied PublIc ~ccount.ants
555 Somh Flower Street
Los Angeles. CilifomJa 900'1
I
I
The Honorable City Council of the
City of Santa Monica, California:
I
I
I
We have examlned the combined financial statements of the varlOUS fund types
and account groups of the City of Santa Monica, Callfornia, as listed in the
accompanying table of contents (pages 2 through 29) as of and for the year
ended June 30, 1984. Our examlnation was made in accordance with generally
accepted auditing standards and, accordingly, included such tests of the
accounting records and such other auditing procedures as we cons1dered
necessary in the circumstances.
I
I
In our opinion, the aforementioned combined financla1 statements present fairly
the financial position of the various fund types and account groups of the Clty
of Santa Monica, Californ1a, at June 30, 1984 and the results of operat10ns of
such fund types and the changes in financial posit10n of its proprietary fund
types and similar trust funds for the year then ended, in conform1ty with
generally accepted accounting principles applied on a bas1s consistent w1th
that of the precedlng year. after restatement, w1th WhlCh we concur, of the
general and special revenue fund types to account for compensated absences. as
described 1n note 2 of notes to combined financial statements.
I
I
I
I
I
Our examination was made for the purpose of forming an opinion on the combined
financial statements of the various fund types and account groups of the Clty
of Santa Monica, california. The accompanY1ng combining. ind1v~dual fund and
account group financial statements and schedules of the var10US funds and
account groups of the City of Santa Monica, Ca11fornia (pages 30 through 59)
are presented for purposes of additional analysis. They are not a required
part of the combined financial statements of the City of Santa Monica,
California. and accordingly, our opinion does not relate to the fairness of
presentat10n of the financial pOSition and results of operations of such funds.
or the changes in financ~al position of ~ndlV1dual proprietary funds and
similar trust funds. Such informatlon has been subjected to the aud~ting
procedures applied in the examination of the combined financ1al statements of
the various fund types and account groups and. in our opinion, is fairly stated
in all material respects in relation to the aforement1oned combined f1nanc1al
statements taken as a whole.
I
I
:;>~ 7I1~ 1JG~UI. ~ ~.
I
October 12, 1984
1
I
I ~
e
e
:i.v~v~v~~~~/~~v~~
~I rEI I I I t I , L I I I I I I I , I I I I 1_ r
FINANCIAL SECTION
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
.
City of Santa Monica, California
Year Ended June 3C, 1984
~
e
e
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
Combined Financial Statements
City of Santa :\'lonica, California
Year Ended June 30, 1984
I
4
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
....
...
-
.Q
-
"
'"
<
<J
-
z
i
<
f.o
::i!
'"
'"
'"
..
..
-
"
'"
::I
"
,~
~ ~
;! g
a; 3
~ ~
;-g
-; ..
'" "
] a.
-=~
~-g
8~
.... ..
'"' 0
.,.....
..
=.-;
-...
"
:= ....
3 ::.I
..., >
'"
~
"
""
a
"
~
<
e
1:1
Ej~l
:51
.. '
.... 81
" "I
"'~
0"
f.o ~~I
~'';;j t
w w .ul
I:D IV 1..:61
""0>
::IGl="a
o ~ 0
~ -
!I,;: -.:I _f
~ ~ ~ "'I
<. ~ ~ ~:
1:iII -.....
~t;I
~~
~ '" ~I
U ::I
"10 ..
~"....
.... "
.....
'"
'"
~" -; "I
" U
......
... .. ,.
'" ...
... " ~
,,- "
"
...
..
::a :IIi
~i .:!
.., ""
"" ..,
O~ 1111
~, ~I
co
..,
"
"
.:=
...
-;
'"
... ~I
i~~
I,] :.J
..I
"I
~ ~I
~""-I
'" >.
~~.!: ~l
=~ ~I
....~
-i
i~_ ~I
QlIF ~ ::1
!I<: g:
~~!U >,
,~;u Ao 01
'>.~ "-.
81
-I
,,'
...,
",
'"
~I
~~
'"
'"
""
<,
~
....
~
o
o
'"
...
..,
....
..;
-
...
i
.,..
o
'"
....
'"
",'
o
o
'"
='
..,
..,
...
....
o
""
....
....
....
....
...
....
'"
...
~
..,
,;
..."
;:
...
o
o
o
'"
..,
..;
:::
-,,'
....
'"
'"
"
!l
"
"
>
r::
.."
:
.
.
""
~o,...,~e'to
OO-d'..:r.....
NO"":7IC\
.. - .. ... -
a\O"'Na3
3)NdI\;"QN
~NCI\O--
.., ....
:=av-.l2"Ia'\_
..0.........='"
O~f""l.:o"l4
..ti ..; at.- .; N"
.....0\.......%1..0
=N-CO""'t
1""1- ..:
I I I I I
I I I r t
...
...
I I I ~ I
..."
-
...
'"
. I ~ 0... I
...
'"
'" ...,...
- ......-..:)
::PIo I ~-..Q I
...., .......- ....;
-" -'"
.., ....
....
,0
'"
0'
~
......."
='"
,....-
.......
"'..,
I I . I I
-..Q.....4 :=:
..... _;;:: r-
~..:r...,OI
a; ~...,.....:
~"""...e~
- ...
....0
~8
,......0-
...~
...""
"'=
, ""...
.
"
"
"'"
.. "
u_
_.0
::a.....
::!,,::.;
.. "
,,-
~ "
:.r :;.J
.='"
) "
. ~
l~ ~
,.,
~gS1J~g~
~~~~~E!
'::=<2;;':<::1.
~ "!J
'"
~.'"
~~
...
..
~
" "
... '"
" ..
....
...
'"
.,..
....
..,
'"
'"
....
....
3
...,
'"
....
....
o
....
'"
.::
"
'"
~
"
...
c;
,;
.E
...
~
...
-
"
a
2
...
cO
~
..,
'"
=
4
'"
....
....
..,
...
...
~
-.
..,
...
~
:;
il
;;
I!
"
~
"
,.
"
'"
1
...
~
i:
'.
"
,
'"
..,
""
'"
..
'"
..
""
'^
....
....
...
-0
.:
<r
-
....
,,;
'^
""
'"
..,
o
-
..,
"'"
;;-
"
w
;;
~
.",
'"
-
~
-
'"
~
o'
....
'"
""
o
",'
...
'"
~
o
...,
:'l
"
e..
"
'"
....
....
'"
..;
'"
...
....
""
..,
...
...
'^
'^
-
...
'"
'"
....
....
...
~
""
e
-"
...
..,
....
..."
...
...
...,
...
-.
.,..
....
....,
<r
....
....
...
'"
....
=
'"
'"
...
:::
'^
...
..,
-0
o
o
o
"
...
"
"
s
"
~
~
1
."
;;
..
<,;
..
co
~
..
;;
"
..
...
CI
;:
...
;:
i
,;:
~
'"
...
...
....
o
....
'"
...,
,..,
~
...
....
'"
....
...
..,
...
..,
~
'"
....
-
'"
..;
;0
",'
o
o
c
e;
cO
'"
",'
=
~
"
..:.
"
.."
"
~
"
..,
...
"
"
"
,;
.."
<
....
....
....
'"
~
=
=
..."
~
'"
...
..,
....
'"
....
o
'"
-
-
...
..,
...
'"
....
'"
'"
""
'"
."
..,
.:t
,
~
;j-
"'"
,
_ .:t
" "
"
...~
"
, '"
"
~ ~
"
" "
~ t:
""
." "
:i~
;;:
~
...,
..,
'"
'"
;:::
'"
..,
'"
'"
.:
;!
;
...
~
,.
~
"
"
"
...
~
...
..0
"
-
,
>
"
...
;
j
!~ ~~
o ""
.., "'.
... -~l
.., -
'"
~
-.
"'I
~1
..,
=1
...",
.."
"".
....,
...,
..
;::;1
-"I
~i
....1
..,
""
~
!1
~
....;
.,..1
,
, ~
;
~II
-0'
...,
....,
;2)4
....,.
~1
01
~j
....,
=!
~:I
...,
..,
....,
""
-D!
,
,
'I
,
1
i
I
-I
-,
-"J
31
-1
, :
~
~
.....
~l
....
...
"
I!
~
-
~
~
"
..
"
...
"
"
"
,
~
" ...
'":l'"
... "
"'"
"
.~ "
Q.~
,g;
'"
" "
u ,
...
-;;
';
c....
~
I
,
,
I
I
I
I
I
ls:ven ul!!S
Property :dxes
Sale s tall
Other ta.Xl!s
Li~enses Add permits
In tl!rgovernmental
Cb.~ges for ~rvle..
~!n8s and &orfeits
J~. of non..... .and property
~en't
Sa14r~ c~ntrlbu(ion&
<J~her
I
I
:'oca1 rav.nues
I
~xpend i t"re.
wrre-nt
~@n~ral gov.rnment
!"Jblic ."f~.y
Gene~al service$
"'..ric.a and r-ect'l!:i:l.tion
i..i:Jr.:tf"v
'tet~ t"elllent
~ede~al a~Dlo~@nt ~~ograms
Ho~siag ~nd ~~"Uflity j~~e!~p~nc
payutenc:s ~o p.art.lc.~lJant.9
~ar~1cipant alloeaclocs
:lther
C..pi t.a.l ?['ojec~i
Jeot gervlce
l?-r inc.ipal
:'PJ.ti! regt
I
I
I
rotal axpenditures
gxcess (defl~l~ncy) Qi r@V@Que6 over
expenditures
I
Jt;e. r~n.n~ing $ources (uses)
Operating :~ansf~r~ 10
Joeraclng trelo.fers out
e
e
txtl1b1t 2
CITY or SANa MOllICA
eo..bt~ St....,...n. of lI.e"..nu..., El<p..Dd.t.ures an<l
Ch..ng... ill l'un<i Balancu (llttf1<:i.s) - All Govorndle".al Fund Typtta
and !zpeudabla tru.~ F1JDd1l
Yallr ."Qed Juntt 30. 1984
~th eo.para~tVtt .ocall1 for year .ndad J~ 30, 1983
:otal ~ther financing 9QurCas (~e9)
I
~XC""11 (deficiency) ~f reve"u..a and
~the~ sourceS ov@r exp8ndi~ure!
and iJ't.he:r ..1S-eS
I
~estatemant$ (oo~@ Z)
~urd ~alances (dei~c~t) at ~~g1oni~g ai year, as
Jr.elliously :""l2!port:ed
~una balanees f~eflcit) at be8iLn1ng of year, as
:-e:t-tated
I
i~~d ~ala.ces (dei~clt} at e~d of year
~sidual equity :ra~5fers from (to) oth.r !unds
I
~
Gavermun.al fund 'YP".
5""c1.&1 Debe
~ .ervice
Fiduciary
fund tne
~ndabl..
.rus.
,""pital
proj..c...
101 t 715
585.b14
'87,~49
"o.als
t_oraadUll ~nl1)
198'!. ~
8.521,307
:.It.i.7....,Q77
10,098,56b
4,894,067
5,392,918
5,372,963
3,':'98,842
5,281,021
IJl89J705
546,110
l&91 J9J
551945,654
3.106.346
13, n 6,302
10.037.058
5.2':'2.,042
2,~o4,343
5~74~,~4:
"'t_l;
3.762,538
201,775
535, ~i4
o,':"b6~505
:,719,nO
205,)()O
945,596
53, 551 ~ ~9
2.t294,':'95
... I "'"51 T 97 J
(5,332,2.01)
(BO, 2~.a)
3,1':9,966
H),186, J31
3.i!.27,4.91
3, :.98,710
]~.;)98,3..3
4,402)-215
3,351,209
5,186,96B
1:1 !a9~ 705
353,.348
&06,340
~ 8, 1.20,326
Z~]68,a59
12,739,673
~O,994,':04
5, ':'80, :"J79
2,302,143
3,BOb~750
40,012
.i.,';"4':",~60
.U..,786
526,316
...,972,556
3,866, Ql4
f.t8,667,~69
(547 ~ 1.(3)
73S,~B8
(7j'O,.478)
\65, ;;00)
(2,367,404) 3,403,041 ::. t ~6JJ 531 (985,201) 2,313,961 (6121233)
19.310.414 1,784,115 (4.070,430) 17,-,]24,399 :7".637,:.32
(1,237,102.) ~S9,665) <,l"Z96ll61'}
18.073,312 1,125,250 (4,070, "30) 15,728, :32 :"'7.o3;,-:'J2
<591166 ) ~140,277 ) J.072. J08 2,572,52::
$ 15,940, &42 4,988,nO ~ ,663,531 (5,055,537) J, 0 12,')68 2Q~ it141 o,z.;;p . " , :2~ 1399
See accompany1cg Dates to ~~oinea :1nancial sta~am@~t;
I
I
4
I
e
e
I
Exhi b1l: 4
CITY OP SAlfTA MeN! CA
I
Coabiued Sta~.~ut of Rev.uues. Expeuses aDd
Changes il1 lleuined Earnings - All Proprietary FWld Types
and Shlilar Trust FUIlds
I
Year ended June 30, 1984
with co.paratlve totals for year ended June 30, 1983
I
Opera~ing revenues - c~r8es for services
Fiduciary
?roprietar'f fund types fund type Totals
!n~ernal Yonexpendable <:JIemorandulll only)
En~erpr1se service t rus t H84 1983
$ 2210571579 1,758,511 281073 231844r165 22,463,149
I
I
Operating expenses'
Personnel services
Administrative indirece
Contraccual services
Repairs and maintenance
~terlals and supplies
Ucilities
water purchases
Casualty and liability costs
Oepreciacion
Other
3314,56
Total operating expenses
U.466,929
2,371,136
1,727,367
1.099.278
3.769,484
821,370
2,018,715
544,220
2,734,748
4201368
:;:61973,615
2,990,466
I
I
21990,466
331456
Operating loss
(41916,036) (11231,955)
~5IJ81)
I
Yonoperating revenues:
Operating grancs
Stace sales tax proceeds
Interesc income
Ocher
1.829,738
1.550,794
2,793.587
6731646
817.412 146,184
48,597
817, 412 1941781
(414.543) 189,400
I
TOCal nonoperating re~enues
6,847,765
I
Income (loss) before other financing
sources (uses)
11931,729
I
Other financing SOurCes (uses)
Operating transfers in
Operating transfers out
280,228
:ocal other fi~ancing sources
280,2.28
YeC income (loss)
2.211,957
(414,543 )
189,400
I
Add deDreciation on concributed assets
1,715,478
I
Add 10s8 on sale of fixed assecs acquired with
contributed capital
1.192
~etai~ea e2r~i~gs!f~~d ~alance at beginning ~f yes~
~8.849,619
1.375,7511
2,773.11;1
I
Reclassifications between retained earnings and
contributed caDieal
Residual equity transfer from other fund
1991543
I
Retained earnings/fund ~alance at end of year
$ 52 p 778, 246
11360,758
2,9&2,761
See accompdnying notes :0 combined financial statl!lllents.
I
I
6
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
l
e
e
CITY OF SANTA MONICA
Notes to Combined Financial Statements
June 30, 1984
(1)
Summary of Slgniflcant Accounting Policies
The City of Santa Monica was incorporated November 3D, 1886. The City
operates under a Council-Manager form of government and provides the
following services as authorized by lts charter: publlC safety (pollce
and fire), highways and streets, sanltatlon, culture-recreatlon, publlC
improvements, planning and zoning and general administrative services.
The accounting policies of the City of Santa ~onica conform to generally
accepted accounting principles as appllcable to governments. The follow-
ing is a summary of the more significant policies.
Fund Accountin~
The accounts of the City are organlzed on the basis of funds and account
groups, each of which is considered a separate accounting entlty. The
operations of each fund are accounted for with a separate set of self-
balancing accounts that comprise its assets, 11abilities, fund equity,
revenues and expendltures or expenses, as appropriate. Government
resources are allocated to and accounted for 1n individual funds based
upon the purposes for which they are to be spent and the means by whlCh
spending activities are controlled. The various funds are grouped in the
comblned financial statements in this report into seven generic fund
types and three broad fund categories as follows:
Governmental Funds
General Fund -
of the City.
except those
The General Fund is the general operating fund
It is used to account for all financ1al resources
required to be accounted for in another fund.
Special Revenue Funds - Special Revenue Funds are used to
account for the proceeds of spec1flc revenue sources (other
than expendable trusts or maJor capltal projects) that are
legally restricted to expendltures for speclfied purposes.
Capital Projects Funds - Capital Projects Funds are used to
account for financial resources to be used for the acquls1tion
or construction of major capltal fac1lit1es (other than those
financed by Proprietary Funds).
Debt SerVlce Fund - The debt service fund is used to account
for the accumulatlon of resources for. and the payment of,
general long-term debt pr1ncipal, lnterest and related costs.
8
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
.
y
T'
e
e
CITY OF SANTA MONICA
Notes to Combined Financial Statements, Continued
the purpose of stewardship for capital expenditures is satlsfled without
recording these assets. In accordance with generally accepted accounting
principles (GAAP) , no depreciation has been provided on general fixed
assets.
Long-term liabilities expected to be financed from governmental funds are
accounted for in the General Long-Term Debt Account Group. not In the
governmental funds.
All fixed assets are valued at historical cost or estlmated historlcal
cost if actual historical cost is not available. Donated flxed assets
are valued at their estimated fair value on the date donated.
Depreciation of all exhaustible flxed assets used by proprletary funds is
charged as an expense against their operations. Accumulated depreclatlon
is reported on propriety fund balance sheets. Depreciation has been
provlded over the estimated useful llves using the straight-llne method.
The estimated useful lives are as follows:
Buildings
Improvements
Equipment
25-50 years
15-75 years
3-25 years
Basis of Accountlng
BaS1S of accounting refers to when revenues and expenditures or expenses
are recognized in the accounts and reported in the financial statements.
It also relates to the timlng of the measurement made. regardless of the
measurement focus applied.
All Governmental Funds and Expendable Trust Funds are accounted for uSlng
the modified accrual basis of accounting. Their revenues are recogn~zed
when they become measurable and available as net current assets. The
City considers accounts rece~vable (net of allowance for uncollectlbles),
notes, interest, property taxes receivable collected with~n 60 days of
year-end and grant revenues billed but not received, as susceptible to
accrual. Expenditures are generally recognized under the mod~fied
accrual basls of accountlng when the related fund llability is incurred.
The exception to this general rule is prlncipal and interest on general
long-term debt which is recognized when due.
All Proprletary Funds and ~onexpendable Trust Funds are accounted for
using the accrual basis of accounting. Their revenues are recognized
when they are earned, and their expenses are recognlzed when they are
incurred. Unbilled service receivables in the Enterprise Funds are
accrued at year-end.
10
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
4
T'
e
e
CITY OF SANTA MONICA
Notes to Combined Financ~al Statements, Continued
Cash
The City combines the cash of all funds except the Deferred Compensa-
tion Fund and Nonexpendable Trust Funds for ~nvestment purposes.
Interest revenue is then allocated to the funds on a quarterly basis
based upon the relative cash balances. Negative cash balances ~n
individual funds result from tim~ng differences between rece~pt of
revenues and payment of expenditures. Any negative balances have been
reclassified to accounts payable for financ~al statement presentation.
Investments
Investments are stated at cost. wh~ch approx~mates market value.
Inventory
Inventory is valued at the lower of cost (first-~nJ first-out) or
market. Inventory in the General Fund consists of expendable suppl~es
held for consumpt~on. The cost is recorded as an expenditure at the time
~ndivldual lnventory ~tems are put lnto use. Inventory in the general
fund is fully reserved to indicate that the amount does not represent
aval1able spendable resources.
Advance to Other Funds
Noncurrent portions of long-term interfund loans receivable (reported 1n
"advance to" asset accounts) are offset by a deferred revenue account for
certain long-term advances to the Redevelopment Agency of the Clty of
Santa Monica. The deferred revenue amounts relate to transactions that
would give rise to revenue (1.e., interest on past indebtedness);
however, the amounts are not ava~lable and as such the recogn1tion of
revenue has been deferred. All other long-term advances to the Agency
(i.e., advances of cash which would not give r1se to revenue) are offset
by 8 fund balance reserve account wh1ch ind1cates that they do not
constitute "available spendable resources" since they are not a component
of net current assets.
Cash Liquidity Reserve
The Santa Monica City Charter, Section 1509. requ~res a reserve for the
purpose of placing the payment of the running expenses of the Clty on a
cash basis. The reserve must be sufflcient to meet all lawful demands
against the C1ty for the first five months or other necessary period of
the preceding fiscal year prior to the receipt of ad valorem tax reve-
nues. The reserve for cash liquidity is not available for appropr~ation
and cannot be used without City Counc1l authorizat10n.
12
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
,
~
e
e
CITY OF SANTA MONICA
Notes to Combined Financ1al Statementst Contlnued
Through the U.S. Department of Housing and Urban Development (HUD),
the Agency has received funds for its Convent1onal Urban Renewal
Program and the COmmunity Development Block Grant Program (CDBG).
Additional funding is provided by local funds, principally from
incremental property taxes.
The Agency's operations are included ln the comblned financial
statements because the City Council const1tutes the governing body
of the Agency, deslgnates Agency managementt significantly 1nflu-
ences Agency operations and approves the Agency budget. As the
operations of the Agency are governmental in nature, it has been
disaggregated in the accompanying comb1ned financial statements with
its operations lncluded in the debt service and capital projects
fund types. The Agency's long-term debt is included in the general
long-term debt account group.
b.
The Parking Authority of the City of Santa Monica was estab11shed by
the City in 1950.
At the present time, the operations comprise 12 parklng lots and SlX
parking structures. These were acquired and/or constructed princl-
pally from the proceeds of bonds sold in 1966. The Authority leases
the faCl1itles to the Clty under a long-term agreement, yhich
provldes lncome used to service the bonded indebtedness.
The Authorlty's operations are lncluded in the comblned financial
statements because the City Council, since 1963 has acted as the
governlng body of the Authority, designates Authorlty managementt
signiflcantly lnfluences Authority operatlons and approves the
Authority budget. The Authority 15 lncluded as an enterprise fund
in the accompanying combined financlal statements. The lease
between the Authority and the City has been elim1nated for flnanclal
statement purposes.
c.
The PRC was created as a Californla nonproflt publlC beneflt
corporation during the fiscal year ended June 30t 1984 for the
purpose of malntalning and operatlng the publlC educatlonal and
recreational facility ln the City of Santa Monica commonly known as
the Santa Monica Pier. As of June 30, 1984, III accordance wlth an
Interim Agreement wlth the PRC, the Clty lnitially provided the PRC
with operating funds and the PRC performed various services for the
City.
The PRe's operations are included ln the comblned financlal
statements because: the City Cauncl1 appoints the PRC Board of
Directors; the Cauncll lS the sole member of the PRC; the operations
of the PRe are to result in a financial benefit to the City; all
14
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
~
,
.
e
e
CITY OF SANTA MONICA
Notes to Combined Financial Statements. Continued
appropriations in the General Fund and the Parks and Recreation Special
Revenue Fund to actual expenditures subject to the Gann Limit. as
adjusted for encumbrances and outstanding Federal and State grants. and
appropriated the difference between these adjusted appropriations and the
City's Gann Limit to a Gann Reserve in each fund, to the extent of avail-
able funds to be determined through the annual audit process. but not to
exceed $3.422,211. Appropriating available funds in this manner to Gann
Reserves increases the ability of the City Council to respond to the
service needs of the citizens of the City under subsequent years' Gauo
Limits.
The following indicates the 1984 budget prior to the referenced Council
action. the fiscal year 1984 budget after the referenced Council action
(used for CAFR purposes) and the fiscal year 1984 Gann calculation budget
(CAFR less expenditures made during 1983-84 but applicable to the 1982-83
Gann Limit) in the two funds affected.
Expenditure
General Government
Public Safety
General Services
Parks and Recreation
Libra.ry
Retl.rement
Other
Total
Expenditure
General Government
Public Safety
General Services
Parks and Recreation
Library
Retirement
Other
Total
$ 21. 492
13.387
15.361
16
I
I
I
I
I
I
I
I
I
,
I
(
I
I
I
I
I
I
I
I
I
,
e
e
T'
CITY OF SANTA MONICA
Notes to Combined Financial Statements, Continued
Property taxes are levied by the County Assessor by March 31 of each year
for the fiscal year immediately following: July 1 through June 30.
All levied property taxes are due on November 1 each year but may be paid
in two equal installments. The first installment is considered delin-
quent if not paid by December 10 and the second installment is consldered
delinquent if not paid by April 10 each year.
Distributions of collected property taxes to the City are made by the
County in accordance with the following schedule:
Secured
Unsecured
40% of tax levy
10% tax levy
December
August
10% of tax levy
80% of tax levy
January
September
Balance of first
installment collections
February
September - December
collections
February
85% of adjusted tax
less previous remittance
April
January - June
collections
Augu s t
Balance of second
installment collections
May
Balance of collections
for fiscal year
August
Property taxes receivable at June 30, 1984 represent delinquent property
taxes which were collected within 60 days of year-end.
(6) Fixed Assets
A summary of changes ~n General Fixed Assets for the year ended June 30,
1984 is as follows:
Balance at
Jul.1,1983 Additions
Balance at
De1etlons Jun.30,1984
Land
Buildings
Improvements other than
bUl1dings
Machinery and equipment
Construction ~n progress
$ 8,080,964
20,310,121
271,330
8,080,964
20,581,451
4,153,494 1,353,805
4,374,407 1,706,642 162,367
1,423,211
$ 36,918,986 4,754,988 162,367
18
5,507,299
5,918,682
1,423,211
Total
41,511,607
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
.
e
e
CITY OF SANTA MONICA
Notes to Combined Financlal Statementst Contlnued
(7)
Restricted Assets
Restrlcted assets in the enterprise fund type consist of equities in
pooled cash and investments. The principal fund involved is the
Transportation Enterprise Fund, where such assets relate to contributed
capital restricted for future investment in fixed assets.
(8) Interfund Balances
The following table summarizes interfund due from/to and advances to/from
amounts at June 30t 1984:
Due from/to
Receivables Payables
Advances to/from
Receivables Payables
General Fund
$
9,580,000
Special Revenue Funds:
Communlty Development Block
Grant Fund
Parks and Recreation Fund
Capital ProJects Funds:
Capltal Improvement Fund
Redevelopment Agency Projects
Fund
Enterprise Funds:
Airport Fund
Sewer Fund
Pier Fund
Cable Communications Fund
Refuse Fund
Auditorium Fund
Total
20
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
~
e
e
~
CITY OF SANTA MONICA
Notes to Combined Financlal Statements, Contlnued
The primary purpose of the plan is to attract and hold wel1-quallfled
City employees by permitting them to make special prov1sions for monthly
payments upon retirement. The City has full power and authority to
administer the plan, and to adopt rules and regulatlons therefor.
Under certain circumstances, employees may modify their arrangements with
the plan to provide for greater or lesser contrlbutions, or to termlnate
their partlcipatlon. If the participant retlres under the plan or
terminates serVlce with the City, he/she may be eligible to rece1ve
payments under the plan in accordance with the provisions thereof. In
the event of a ser10US financial emergency, the C1ty may approve, upon
request, withdrawal from the plan by the participant, along with his/her
allocated contributions. Accumulated deferred compensation funds of
$2,678,393 have been segregated in an lnvested cash account with Great
Western Savings and Loan. A correspondlng 11abillty has been estab11shed
to account for amounts due to plan participants.
(II) Risk Management - Self-Insurance
The City utilizes Internal Service Funds for its self-lnsurance programs.
Four separate funds are maintained, providing for dlfferent types of
risks. These are as follows:
Comprehensive - provldes for general liability coverage requ~red by
the City.
Bus - provides risk management for the Santa Monica Municlpal Bus
Lines operated by the City's Transportation Department.
Auto - provides for publlC l1ability, property damage, collls1onJ
and comprehensive coverages for City vehicles.
Workers' Compensation - provides for insurable coverage of all Clty
employees involved in on-the-job accldents!1nJurles.
The Self-Insurance Funds were established at dlfferent tlmes. The
Comprehensive and Bus Funds were implemented in 1952, tbe Auto Fund in
1953, and the Workers' Compensation Fund in 1976. Fund revenues include
princlpal1y 1nterest earnings and contrlbutlons from other funds. The
latter are intended to match the charges for lnsurance premlums for
coverage in excess of self-insured amounts, estimated payments resulting
from self-insurance programs, operatlng expenses and provislons for
pending and possible future claims. It is the City's intention that
contributions to the funds be reflective of actual expenses and the
necessary liab111t1es and reserves for pending and possible future claims.
22
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
~
.'
~
....
3E
E
f:.
Z;
-<
'"
~
,..
.....
....
:.J
"::I
~
a
~
g
<..J
..
...
!::
..
~
...
~
...
'"
-
<l
"
~
....
"::I
"
!::
1
o
:.J
C
...
<D
Gl
...
o
:z
"'1
"
...
~j
~"
"
,.
~
...
."
...'
~l
~I;
i
Oi:
o1J
"'I
:::1
::f
e
...,.
co
0\
...
o
'"'I
~
...
."
'"
:;
...
...
..
...
E-
o
"
:e
...
Co
...
o1J
....
c:
"
.'"
>.
....
.....
u
OJ
"'"
o
>.
"
~
a
"
<D
."
..
00
:lI
C
.....
.....
'"
"
E=;
~j
,""
jl
oII_~
c:-
-"
~o
" -
'0:;
:>. :I
CI;I
I j[
"'....
= oj
."...
" ~I
'"'&I
f
jl
~
]1
..,
jl
jl
~l
c'
el
:;I-I
"...
:> "
'"-I ::,'l
."....
~Q'
"
jl
0\
....
""
...
....
~
....
....
'.f'I
0\
...
""
..,
....
...
<0
~
o
co
......
....
....
<'l
~
....
."
..
co
""
N
....
'"
<0
o
""
""
N
~
..co
N
~
....
0\
'"
co
0\
...
<0
~
::0
""
.....
~
....
<0
""I
"7
....
.....
"'"
...
'"
'"
~
...
:tI
"g
o1J
>
<II
..
~
...
;:
'IJ
:::..
<iO
~
.....
~
....
...
.....
'""
,..,
""
~
::>
'""
~
~
.....
..
....
""
'"
C"'I
...
....
'0
0\
'0
~
~
0\
'"
'"
co
."
...
'"
...
""
N
...
...
...
...
...
...
;!1
0:
..;
...,.
""
....
..,
'"
:;;
-"7
o1J
'"
~
""
"
"
3'
....
..
.....
Q
41
"
0.
E!
......
""
"'"
o
""
....
'"
"7
-..
...
0\
""
....
0\
.....
o
....
0\
'"
'"
......
......
""
....
..,.
....
o
'0
.t:J
.....,
......
.....
'"
""I
....
....
....
.....,
<0
'"
""
....
~
'"
....
....
~
.....
0\
co
....
--4)
-
'"
..,.
-..
.....
""I
co
....
,.,
.....
...
....
..,.
<<>
"-4)
J"
""I
:..
...
<0
co
.f'I
-;;
...
~
~
oil
c:
...
~
o
<0
C"'I
....
'"
....
co
....
,..,
~
..,
...
<0
....
....
'"
'"
.....
'"
....
:;
..
;0
~
....
..
..
41
0.
o
<0 -"7
.... '"
.... ....
o~ '0
<0 ."
M -.r,
::>
o
o
o
.t:J
<0
N
.....
o~
.....
....
:tI
..
'"
...
~
~
;t
....
'"
..
"
;:.
24
..,.
0\
...
'0
..,
....
...
<D
'l:I
::J
'"
"
'"
"
""
"
."
...
..
01
..
..
:tI
::J
...
..
.;;
....
....
0\
.....
...
....
.....
......
00
"'"
..,
-"7
....
'-"
'0
::>
~
00
co
....
......
~
~
.....
N
'"
-
'-"
-0\
~
...
'"
00
""
...,
"'
...
...
~
""
:0
~
-.
<0
.....
...,
co
0\
'"
'"
C\
-"7
.....
-0\
.....
'"
....
'-"
.q'
...-
.t:J
..,
""
""
...
'"
.....
....
.....
...
'""'
'"
:tI
o
...
.....
~
g
...
::J
2:
~
'0
co
'"
",
0\
....~
...
-0
<0
'"
'"
C\
.;
:2
o
....
....
..
....
c:
'"
"
a:I :.G :n
~ .; ,..
::Q --
~ .... ....,
'lJ
...
"
- ....
"."
~~ ~
"
....
...
u
e
....'" ...
"'..... -"7
:;!'I-' ~
""'" 0\
<0-,0 0
~~ J""I
""
N
'0
'"
.... I
....
...,
.....
... .t:J
00
~ .....
.c ...
'" N
co
-~
""
.....
on
,n
""
.....
....1
"'"
.....
..,.....
<0 co
N.f'I
r1!J"'~
.........
....
"''''
..... co
""....
.... ....
",co
...
0\.....
.'" ....
<00
~ .
....00
... ,..,
...
.... "'"
........
"'....
""'"
="""
4'"'1
....
-..
00
'0
c.,
co
....
'-"
.....
...
'"
...
"'"
'0
N
....
..,
.Q
~
;Q
:0
..
.....
....
<0
'"
...
o
o
....
....
o
......
'"
....
...,
o
...
~
..
.Q
......
"'"
...
'"
""
....
C\
=>
""
"'"
.t:J
0\
...,
..,
o
'"
..,
'"
..,
::>
.r,
....
....
..,
...
"'-
..
~
.;;J.
...
"
:J
....
"
z
"'"
.....
o
o
....
....
..,
...
...
.....
.....
.....
:;:
....
co
...
.....
0\
..,
""
....
.J'\
""
.....
Q
....
-.c
'"
'"
~
"."
...
o
'"
....
""
""
~
.....
""
"-'I
'"
....,
:To
-
>J;
......
.....
...
....
....
""
"""
...
.....
.....
,.,
.....
....
"'"
..,.
"'"
....
.....
.....
'"
.....
~
=
....
""
N
'"
...
'"
....
'"
'"
'"
..
."
'"
.....
'0
o
o
::::
::.
00
...
...
.....
.0
0\
o
Q
....
..,.
--
co
o
'"
00
....
'-"
Q
0:
9;
'0
::.
...,
...
.....
.,.,
""'
'"
...
~
.....
XI
...
...
.0
:To
o
....
..,.
co
o
....
.....
'"
~
....
o
'"
-0
....
'"
..:>
"""
,...
'"
...,
"'"
on
N
...
....
....
.
....
.....
XI
.....
..,
"-4)
....
.....
""
...
"'"
.0
...
'"
..;
'"
...
'"
Q
=
..,
<e
""
"
>.
'"
0.
'"
>.
...
J
C'"
'"
'"
.....
..
...
.0
<'"
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
~
e
e
T'
CITY OF SANTA MONICA
Notes to Combined Financial Statements, Contlnued
At June 30, 1984, the total future debt payments, including interest
thereon, are as follows:
Year ending Redevelopment Parking
June 30 Agency Authority Total
1985 $ 1,149,128 480,735 1,629,863
1986 1,146,496 482,573 1,629,069
1987-1990 4,563,710 1,941,867 6,505,577
1991-1995 5,652,073 1,965,860 7,617,933
1996 and later 16,024,034 16,024,034
$ 28,5351441 4,871,035 33,4061476
The following is a summary of changes in bonds payable for the year ended
June 30, 1984:
Downtown Parking
project revenue
bonds bonds Total
Bonds payable at July 1, 1983 $ 14,100,000 4,345,000 18,445,000
Bonds retired 205,000 315,000 520,000
Bonds payable at June 30, 1984 :& 13,895,000 4,030,000 17,925,000
At June 30, 1984, City management bel1eves that the City has compiled
wlth all requirements of its various debt agreements.
(15) Capltal Lease Obli~atlon
The City has entered into a noncancelable long-term lease for the
purchase of certain equipment utllized by all departments and operatlng
divislons of the Clty. The asset has been capitallzed 1n the General
Fixed Assets Group of Accounts with the obligation shown in the General
Long-Term Debt Account Group.
26
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
\
e
e
.
.
CITY OF SANTA MONICA
Notes to Combined F~nanclal Statements, Cont~nued
(17) Changes ~n Contributed Capital
A summary of the changes in contributed capital for the year ended
June 30, 1984 is as follows:
Balance at
Jul.l,1983 Addit~ons
Deletions
depre-
ciatlon
and loss
on sale
of con-
tributed
assets
Resldua1
equlty
transfer
Balance at
Jun.30,1984
Refuse collection
Fund $ 253,415 84,741 168,674
Audltorium Fund 1.123,819 48,642 1,075,177
Transportation Fund 43,654,389 4,988,804 1,522,936 3,072,068 44,048,189
Parklng Author~ty
Fund 2,957,183 60,351 2,896,832
Total $ 47.988,806 4,988,804 l,71b,670 3,O72~O68 48,188,872
28
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
.
e
e
.'
Financial Statements of Individual Funds
City of Santa .\1onica, California
Year Ended June 30, 1984
I \ .'
I
I
I
I
I
I
I
I To
I
I
I
I
I
I
I
I
I
I
e
e
account for resou~ces t~ad~t~onally
assoclated wlth aove~~ments WhlCh
are not requl~ed to be accounted
fo~ In a~othe~ f~nd.
General Fund
City of Santa Monica, California
Year Ended June 3C, 1984
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
\
e
"
E-xhi bi t 6
CITY OF SANTA MONICA
General Fund
Balance Sheet
e
June 30, 1984
with comparative totals for June 30, 1983
Assets
Cash and ~nvestments
Receivables (net, where app11cable, of allowance
for uncollectibles):
Accounts
Notes
Accrued ~nterest
Property tax
Due from other funds
Due from other governmental un~ts
InveCltory
Prepaid expenses
Advances to other funds
Total assets
L~abilLties and Fund Balance
L~ab~ll_ t~es:
Accounts payable and accrued expenses
Contracts payable (retaLned percentage)
Deferred revenue
Total lLabilltles
Fund balance"
Reserved for:
Inventory
Advances to other funds
Encumbrances
Caplta1 Lmprovements
Cash liquldLty
Emp10yeest compensated absences
Unreserved:
Deslgnated for future expendlture (GAA~ed)
Undeslgnated
Total fund balance
Total 11abilltLes and fund balance
30
1984 1983
$ 15,719,360 16,120,184
37,264 241,789
220,000 220,000
184,297 419,8.50
226,289 111,974
98,884
356,692
437,038 401,474
14,895 16,847
9,580,000 9,762,879
$ 26,419,143 27,750,.573
$ 3,343,050 1,488,163
136,642 178,673
6,992,809 6,773,323
10,472,501 8,440,159
437,038 401.474
2,587,191 2,989,556
3,176,477 491,077
4,591,831 4.892,875
3,546,996 3,546,996
1,800,000
1,010,623
596,486 5,188,436
15,946,642 19,310,414
$ 26,419,143 27,750,573
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
~
e
e
.'
Special Revenue Funds
Beach Recreatlon Fund - to account for beach parking and
concession revenue and expenditures related to beach
maintenance and recreation actlvitles.
Earthquake/Disaster Fund - to account for revenues and
expendltures related to storm damage emergencles.
Communlty Development Block Grant Fund (CDBG) - to account for
Federal entl tlements under the Houslng and Cornmunl ty
Development Act of 1974, as amended. The Clty Councll
annually allocates CDBG funds to varlOUS programs.
Miscellaneous Grants Fund - to account for the recelpt and
expendlture of Federal, State and County grants awarded
and speclal allocations provided to the City.
Rent Control Fund - to account for revenues and expendltures of
the Clty'S Rent Control Board.
Gas Tax Fund - to account for State and County gasoline tax
allocations and any Federal funds provlded to the Clty
for street-related malntenance purposes.
Parks and Recreatlon Fund - to account for funds collected under
the CJ..tyls Unit Dwelling Tax. These funds are to be
used for the acquls1tlon, improvement and expanslon of
publlC parks, playgrounds and recreatlonal facllities.
Comprehensive Employment and Tralnlng Act (CETA) Fund - to
account for Federal CETA program allocations to the
CJ..ty. The Federal government termlnated the CETA
program durlng fiscal year 1982-83. Flnal audlt of the
Cl ty program was completed and the fund closed durlng
flscal year 1983-84.
Federal Revenue Sharing Fund - to account for Federal revenue
sharing program entitlements to the Cl ty. The Cl ty
Councll annually allocates revenue sharing funds to
various programs.
City of Santa Monica, California
"
Year Ended June 30, 1984
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
.
~
""'
....
-'l
....
..c
,.
'"
..
<
:.J
....
::e
i:
..
~
"
'"
o
...
...
-
~
'"
'::
~
'"
~
~
~
>
"
"I
..
-
"
"
...
'"
... ..
:0 "
...-
'"
~"3
" ..
.a ~
-
..
..
..
f
<:i
....
....
<
...
OJ
'!!
;;;
..
g
~
..
'"
~
...
...
EO
8
.... ~ m
i Iii
'"
'"
...
o
..,
5
..:;
.... "I
>"::1 =
-- ell ";
,,1r.';
i":: ....1.
S QiII :.J
::.,. :1
':,.'l-~-
::::''''
'i
1....1
l~
'"
'"
.....
...
-
...
-i
..
...
..
..
"
....
.....
!:
....
o
o
..;
~I
51
~ il
.. ..,
~ ~I
...
""
'"'
~
~
~l
~ 11
....
...
...
~
'"
.....
'"
:I
OJ
~ =1
.... !::I
... ..,
., '"
<J ""
~
:E:
'"
...,
...
.:
""
...
..:
--
'"
.... ..
to '"
:I ....
""",
..c ..
... '"
.. -
..~
<.:
.Q
""
co
....
o
.....
c
-"~
"...
.. ..,
" ..
'" ...
"
"
..
....
....
'"
~
""
'"
-
"'I
"""
",
""
~I
~-
.... .II
-'l "
..-
"""
.... -
.......
"""
"",,
"::
" "
.. "
:t ~ ==
C 3 -
::: w
I!i! .u ':l
.... 01....
'" C
"~,,,
" "
c: co 'U "'
_ ~ :;.J
- ~ ~
""::;I .Q JE ::I
!:: " 0 ;::
~>....'V
-.....t,;
.: ~ '2j-<
" "
J~
e
0:)
'"
.... ,
....
~ ~ : ~ 2_1
4...;1-<2'I-E
~l
..0- a;,...,....-04-
..._0
...,
'" ...." -4 'X) ..0 a"i 0 """"I ~...':::J
~~~~~~3~ --
=&...; ~..~.. -,..o~.. ..o~'
...,....."'O...,l""'lan _
- ..Q...... ..g
.....
~ ...
!1"1 I J I':: r I
""I
""I
.....
I r I III
J , ,
}" ' ~1
r I I I I
~ I
.... E j i
I
. I J ~ r I I .1
o 1
!
"'...
"'0
10='111
. -
-"",
-"-
I J ';
..., .r\.n.
...... -
......""
=> ... ~
"'....0
""
- o....~
00....
~ 10.0..\0;1
0....""
.., ....
...
.....
I J 1 I I I I Ji
....
....
'"
...
;0 , , , ,
...-
'"
""I
....
"
"
..
.:;
~
!
;;
.. "
., >
:=iJ
"
... ..
..:~
-eo ~ "':l.3
:a ::.: ~
~ .., ::; :! Jt.u :n
~~E~~~~
:z- -=.: < ~ oW ':"3
.:t ::L,;:J) :I-
:5 :3';; ::il
,
"
,) ')1
"
...
..
"
Ii
...
'"
"
~
..
A ..
..
, ......
" ..
~ ,g
.. ..
"
..
.....1
"",
-"I
~I
"',
~II
""'1
.....1
....,
;:1.1
01
~l
"1
~Il
~1'1
01
~l
...1
_'I
:;11
-11
:rill
-1
:1
",,1
;1)
~l,
~I
-
..
"
"
~
J
~
0'"
....
.....
-
"
...
...
"
."....
~~
::::.
'"~
..
.. ..
.. '"
:: g
:;~
.. ..
~=
~
;;
'"'
..
.. ..
" ..,
:2 "
;' ::.t
... ~
.. '"
:;t :.I
.:.
~
...."
:: ::,I
.. "
.. -
;j '=J
~ ...
..
.." ..
::~
~
..
1.1 :; ~
1J - ~ n .....
""'"' ~ = ~ 00
l ~~ 9 !!
" ::.. (J c I:::
__ w r.. :tI....
XI ._...
all m .... "'0 _ ~
G.I 'V::; 'tl "J:l":.J
::I L.o _ ~ ~
W 1.0 ..: ~-::
... t) ~ ~ ~
:: - >'''''::1 ~
8& ~ ~
:: :;
o
- ~
.lO<
"
32
....... .....
..,~....
.;::.'0"""
.... '" ..
0.....'"
...
~...~
0"'....
'" .... ..
_- a': -.Q-
0.....
.... "
...6
....
...
Xl , 1
...
""
...
1 , ,
'"
......
... '"
.........
...."
.........
"'...
'"
,.,
... I ,
Xl
....
"'...
0",
~'" ,
..;...;
..., -
-"...-0
..........
....""'"
- "'...
.... ..
.... '^
...,..,
.... '"
...- ,
e
o 01 ~:::!._~
~:i ~:
1
~'I ~J
... , ~I
' -
. '"
. ...1
ij
,,! ,!
I
"I
I
, .
I ~I
I ~l
r 1 i
, ,
'"
o
o
, 1
i
1 I!
, 'I ~1
..
....
"
..
..
..
..
'3
:;
....
~
~ ;:;
'4f4
~ -=
.... ""
.......
.....
I...... -..n
~~.
.....-D
0....
.,..;
, 1 ,
, ,
~
0'"
00
'<) '"
0","
o
""
, I
~I
....,
=01
-,
'"
...
, , -D
d
...
;j
-
'""
I I ;,Q
,.,
""
...
;:1
~i
...
-1
-0
.... ...
. ... '"
~....:
... ..
...
..:
, )
, , ,
o
! r ~
....
...
"
:!
~
""'
"
..
" '"
.... "
"'-"
.. ...
~ 0 ~
~ ~ ~
.-..'W(O~
" ~..
.:::~~~
:j = .; :;
.:: ~ ~ :::
-= C4 1:1 ;:;
..::::.........
:l 0 0-
,........-....
..
!',J""'O""I:I"":I
': Q 0 :J
"':! :> :> :>
- ... 1-1 ....
~ ~ ~ ::J
.c 'II m :t'
'lI Q 11
~or;;::::t::
"
:I
'"
.lO
..
...
-
.....
:J
"
!-
~;:':I
-: ......~
~~I
-I
'~
"
,..
.::
..
.."
~
..
..
<l
..
.3
'"
""'
;
-=
"
-o~""
~ ""d! ~
""= - -. ...
;:~~.i"
L.o ~ < ~
:::J -.." ~
-n:n_",=,
~ ~ :::
l..:::::: :::;:
:5
ij
...1
.... ....~'
...""
... '"
....0
~1
~t
, ""'
""i
=.l
"l
~
~
~,
~J
""
....,
-,
..;
_i
-"''I
~
::::1
!
-D'
""
Xl'
~
....j
0'
.....,
"
"
=
:;;
~-.
"
~ ~
-:;.;
""'~
'"
....
~I
-",
..
:~
; ;
~
~l
..
~~
..
....1
:::1.1
....
....'i
""II
...,
,I '!)
"'1
""
~i
",j
~l
":'1
""
oJ
~I
~!
,,"'
~
~jl
0'
~i
::::~l
oj
~l
Nr
~
r-..I:
_:I
'1";1
-~I
....,
......,:
-~!
..:'
""
.....;
...j
-I
...,
..
-,
-I
=,
:c;lJ
...'
.....
01
-i
..:,
~l
...
.....,
01
.....,
..,,~'
~I
....:
0'
.....'
~i
~1
~:I
':IJ
:ol!
:on
"'II
.".
;!
"
'"
"
-: ..
- ~
.lO....
.. "
--'l
...
.."
:; ;
.....
~
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
~
.:;:)
.....
"'"i
.;:J
-<
-
>::
~
y'
c:
-<
c..;
.....
z
o
::t:
-<
...
~
.on
....
:n ('.l
::I .3
ellu
c-<"'='
<0 c
":::~:::3
U ;:: c..
=.~~
-.-..:l
""a {JJ =
'" ~ ~
<ll ':I CJ
~~:J:::
....0.......
-I-<'ll
"0<....
C::.:l <.)
;!1 I <J)
- ~ ^
>:o:F
:az
'-'C
<.0.....3
::I CJ ....
;: ~ ~
- ~ <J)
l:J = I.!
> cQ <.)
'lI :jJ
=IC::;
~
.0
>0
....
....
U
Y..t :;. .-
o<.)~
.... ::: ..,
c (lI ~
'l.I - cQ
= <:l
:u~
....~
~ C
'-/l&
(/]
....<"'1
::::0
..:t - '"
':O~.....
;:: 'lI ~
o
<"'I
......
.. oj
o ..,
.-, .u ~
5 ~ ~
..:; ~]
....
1l....-g
-g ~ <ll
C,I ~ \.I
\.l e ~
<:l C >.
<lJ U
~ -5 ~
.........
:J;
e
""I~
co :l
~-..J
...-I.;a
II <lJ 3'
.....c
'>> ~ "G
U e:l s..
c: ~ 0
<ll 0 >
.... :> (';l
s.. "'....
" .... c
:> :l
'-'
a:I
a:I <lJ
:l U
-I C
Q.'1I
s..
.-\.c
~ 3
.... (J
U C
<( <lJ
..:t
:tl
0'1
......
0..-fO'\
O'\..:t M
N...:t <"'l
..:tN
-10
~ ...-I
-I
<::0 -I ...-II
..,..00
I ""'.. ~~ ~
~:; i
.., I
<::O-I-l
..,..00
I ..... '" ~
...:t "'"l
0......
~ ....
..
....
Ql
<lI
g
~
s..
..c
~
OJ
t;o;I
I I
....1
~l
<::0-1....
<"'1..00
..... '" ..0
~ ~
...:t ...,
0.....
~ ......
..
......
f
~l
00 1
co
<".101
I
I
~
..... ....
:tl .....
'"
....
-<4
>.
....
\.l
CJ
Q.
:0 0
~ \.l
(J Q.
:>"'::
\.l C
." -.:
:n
lei >.
:ll \.l <lJ
....~ C
>. e
...., ~
s..<J)......
:t> ::I :.l) 0 s..
~g-~<J)~
.::: 5-1 ..c: x .u
<J)::l.oU::l.O
>
<:J
::rl
II SJ
j :~
:;:) ....~
:1"\::0
.......,.
..
-l ....
<"'l
..0
....
;1
~l
o~ O~ O~
~ ~ ~
oN ~ r-t
, ;i
QI
~~
o
o
.......
o
..0
~
-I
:Il
~
<J)
>
C,I
i-I
...-I
-0
.w
^
~
c
o
.......
c ....
CJ (lI
e <J)
0: ....
s... U
<:.J III
> s..
o
~ ~~
l.o ...... .:;;
'C
... \.0 III
.... III ~
-g g ;
CJ c; ::a...
0-
x
~
34
""I
N
10
N
..0
~I
~
~~
~I
.....1
~
-.
N
o
~
.......
~
o
....
'"
.....
o
<".I
lI"l
.
,.,.,
N
.....
....
l""\
lI"l
...:t
..,
~
:0
....
'JJ
:11
l-I
...
.....
....
"0
C
III
::::.
>::
<ll
.....
":I
....
e::
e
~i
I
~
~1
~
~l
~j
I
~l
~I
....
o
......
>.
g
<ll l-I
..., ~ :Il
U > <J)
.... 0 l-I
.... ::l
III :II ....
""0 :':'-"fIII
::"1:1
0: C
(/] <:I <ll
:Il > ^
<J) ::I >:
<.) s.. :11
>4
:.J
'"
('.l
.....
o
~
......
C"=l
::: 1)
- .....
eo ...
.::J 0
..:> ~
::I
.... \.l
o"j
>.
:11....
U :J)
C ::
"::
....
'lI >
..Q :l)
...
~ a.
...
::..
~
LI"\
.....
N
....
LI"\
5~1 5~ ~l
: ::~
-I ...... ~I
......, ---..:r.
::0
~
....
::-.1 .....1 .....11
o ~.'"
~l : },I
~I ~,~II
....
'"
~..,
Xl
C'\
......
01
r--:~
~I
'-'I
I
.....
~
IJ"I
co
0'1
.....
.....
=-
U"'
s...
":l
'!J
>.
""'
~
~
-t
~
....
::0
:11
..Q
~
o
':.J
e
Q)
.....
~ ~
~
., ....
.c
...
.?
:J
:::.::
"J
~
~~
""
......
J"\
co
C'\
....
~
.....
0'1
"'"
11
:,1
....,
~
.....
::>'I
...:t
::0
.....
u"'\
~
i
I
~....l ~I
~!
';~Ii;. "11'
LI"'I -<r
-
L..
'!3
:11
:>,
...
~
.:J
>.
......
C
-0
~
:u
...
1:"0
:u
~ ..;
v "::
'-'
''1:
:J
~
"J
-
~
-g
::
~
I
I
I
I
I
I
I
I"
I
I
I
I
I"
I
I
I
I
I
I
.
N
'"
....
..c
;.:
:.:l
.,.
<
~
'-I
:z:
=>
X
<
<-<
~
Cf.l
;..
o
>-
;..
-I
U
~
3
-1-:'"
;Q ~ \1.1
~ U :s
';fJ u c
- < \1.1
] :>
Oa~
~ o:l-l
- ....... '"
'" 'it.,..j
.... U
<h ~
.~ Q,
:QCf.l
::
UI
~
Iol
::l
.::~~
":::l 4: '11
C :.;, ~
~I"
:::. c:::
r:i~
..>l
U
~
......., -
.....
;0 ... ::Q
~ ~...
a"3 g
~ :Q [
::c:: I ~
..... \1.1 <lJ
o <.J :>
c <lJ
.... :::I Q
c....
<lJ ":I >.
~ ~ ...
.... "'0 ~
:3 5 =
Cf.l tt. e
o
~
<ll
"',..,
Cco
-:r::lgo.
;oi......
~ ":l ~
.....0
_.. ."M
~B~
tJ =
~ '11':;
.=; ~-c
> <:J
"0 --c
':11 .u C
~ ~ ~
11 ~ Iol
='"
... - ;]J
'"Il ~ >.
:J -
><..c~
"'"""
.....
3
e
C"'ll~
XI ::l
0\....
-l~
;]J
I ill.....
.... ..c
Ql -'I ell
U 'II 1-0
C 1-0 0
'II 0 :>
't'4 > <11
I-oc:l....
"'.... e
> =
......,
:II
<II ;]J
:l U
.-t C
0..<11
Iol
....-'1
'" a
:l :l
.... U
~ ~
-:r
.::0
~
.....
0'\..0
U"\ ..0
~N
~ ~
co lj\
'<1'0
~C"'l
.......
.....
o
U"\
"
..:r
.-t
'-'
:i"\
N
~
;~ ~
"
!.t"\
lj\
.......
~1 ~~ ~~ ~~
,..,.., N N
........ N.....
'-' <"l'"
-' .....
~'~? ~ ~
.., '[..,~ Nj J
CIl
\1.1
U
e
<11
Iol
,J:l
e
:l
CJ
C
:zJ
....
'"Il
:l
...
U
-<
..0
"
01
-...
....
....
<"'l
~
lj\
....
\1"1
Q"I
U"\
N
,..,
....
.-t
B1
C '"Il
<ll
~ ~
L. C
;]J ~
> 8
o
0::0....
:ol..OL.
;]J ~ ~
:l U <lJ"::
= C !J:I...;
<lJ-I:lO
>
<lJ
:.:
~~ ~I
r- r.:\
:0 co
J!;~ ~~ ~~ ~l
;: : ~~I
"'[.... N.....
N 'I) co
,.., N N
o
o
'.Q
U"\
N
~I ~~::;~
..... ""
~
Lf"'I '0 0'
~~ :,:
>.
...
L.
~
0..
o
W
0..
UI
~
C
Ql
>
<lJ
...
>.
...
....
~
a
a
o
:.I
"0
C
<Il
01;
C
:Jl
o
....
"'l
....
(?
....
c
UI <lJ
~ e
s.. a.
:l 0
.... ....
~
>
... QJ
':J-c
Q,
:0:
W
36
ClI
Cl
Iol
::l
....
-I
"0
::
<lJ
::::..
:>c
<lJ
-I
'11
'"
....
e
....
o
.......
>,
u
C
11 s..
<lJ ;Q
u > <lJ
o ...
.... :l
~~::
'-" ~ w
C
O'l <II ~
:0>0..
<lJ CI ><
o ,.. ';.I
:<
:.J
.......
..,
o
N
.-t
-:r
....
'-'
..:r
,....
'.1"1
~
co
..:r
N
.....
N
....
o
~
..,
o
..,
.......
o
-:r
co
"
co
'-'
""-l
U"\
'I)
.
~
a:.
..,
.......
N
..0
U"\
U"\
-:r
~
'-'
:lIl
::
..-l
....
":l
W
~
o
I
:0
<lJ
:.I
W
::l
o
:::J
;O~
....
u UI
:: s..
'"Il <lJ
=......
.... :J:
""' C
'"Il
... L.
1....
....
o
.......
..,
o
-...
-I
-:r
.....
'-'
,-..
o
......
,..,
o
-d'
...."
..:r
o
N
co
o
-...
-I
~
..0
-:r
0\
....
U"\
"..0
....
.......
-
~
-:r
:0
-
co
...."
~
..0
co
"
.
0\
..,
"
~
N
-:r
,....
....,
-:r
-:r
W
<lJ
..... :>
o 0
s..
....... Cl :0
>, ~ ~
u .... :)
= 0 w
.;) ::I
..... "0 0 :r:
u :: .:1) <lJ
....." ~
'-'-I ~:::
-~ ::J') = "..,.
-:::l~.,..j"'"
.......,::: (.J~
(.0 ~ ~ g
(Il :> C :::..
:.Ii ':.I ..... :<
u 5.1:"" -:J
>:
:d
'"'"
CJ
N
....
-4
.....
~
~j
I I
I
I
,-..
~I
il
'-'
-:::j
~
~
C""'II
:l
r i
!
~I
J
-=1"
-:r!
I
I
~
...
't:
::J
>-
'.....
o
s..
"=
'lI
>,
:JJ
C
-4
c::
C
....
::!l
~
..c
....
~
::J
~
'U
u
'":I
.1)
'.J
,....
II
~
-:
~
..2
.....
1
-c
S
ri:
~
~
I lo .. e e
I ""'O[ ..., ~ ~ -:r r I ~l ~~
~~1 ..:1' ,...,
....,l~ - I"'-
to ::l .....a- ..... N , ~!
a'lu N -d' .... U"\ I
....~ 0..... ..... ....
I N N I
.......
'II
I I <ll ..... ....... "'" ,-.. "'"
..... .Q ~~~ 0:) ~1 ~ ~ -:r ~
Q/,J:l :a "" -:r 0 ..0
U <lI W O~ ..:r 0'\
C W 0 . A
ol 0 > ...... ---i .,.., 0
-I> <lI ~N .... ~ ~I
w <lI ..... -- ...."
I :a.... c
> ::I
'-'
:II
I ~ ~ ..... .-..
~ g .~.~~ N 1 ~ co 1;1 ~ ~i
..... -:r -:r ~ ~
0.. '11 O\..c U"\ .... ~
w ....,. ..c I ~
~ ..... .Q 0 -<r
<lI 5 ON ,.., N ....
... ::l :l ...,..... ~ N
I :: <.l u U ~ ~
.... < U = "'l "'I ....
-< 'II
1.11"0
CJ -
:lIl -
= '11 :II
I 11"'" -:r Q/
CO 0 ....... .......
~~] :II a. C ;~ ;~ U"\
"0 to ::I ...("'\ .... <11 ..:r
'" ..0
=~c.. C:o ,J:l .
~= ~ '<I' ~~ ~ 0
,,~ :l CO ~.... ....
I -< = C\ ":l <.l '-' '-'
c.J <:l <( ~ ..... C
.... s.. " > -to ~
:z: =' I <:l ",""
0 ~ ::::x: 0 :l ;]J
-:r 2: .., ~ .......
..... ~:i-l .... C ~~l N il ~i CO ...0 gl
I -< <lJ U =' ..:r..;:r <:J'I :J'\ .~
-"""<11 <':1...,
.... E-< <lJ Ti = ...... ~..o U"\ " ...... ......1
..... ~ ~.... <J ..:) 11"0 ":l . ~~ A '"
..Q ::I ..,-0 0 ~ -.0 ~I
.... (f.I r::r ~ ~ > ::.f .... ON ...., -I -...
>: ~ -:::l Cf.l "0 ....."t:l CJ "'-1 -:r --
:... .:u .... ,.. <
:Jl :l '11 -
:.:J 0 s.. <:l -... -...
I :u= ..... -
.:;. "'lI W
>< ~ I """ <:l
.... Q,ol
.... ; ~ ,.. a <:l o ~l 0 ~I ..... ~ .co ~~
~ :>""'= ":I :) >. 00 0 ..... ~ .;:1'1
.... 0 (3
::JTi~ <:l j 00 0 ,.... .....
co:: <:.l >- - '"'
I ............. - 0 -IlJ"'I ..0 ,"'Ii 1'\ ..:r -:r ~I
~~ 00 0 :~ N .... ....
o ~ c: :3; -:r -l .1"1
<lJ CJ
....0::.::: N
c'-' ""-l
:]) CJ """ -
I i ~
u -
":l.J .....
.... ..
tt:I= ""' " 0
0 :a
"0 ~
I, ,.. ..... c
~ ?:' ... ...
:z.. C :a ,..
1II 0)
ill 'lI ... >.
rn C) .,.., <lJ '.0 ~
>, ~ - u ~ .:LI ..... <:l W
I .... ;:: > ..... ... 0 ,.Q -;l
,.. ... "'" :l <lJ
~ :u :u :u ~ ... ~ .... >.
Q., > <rI -c :u..... ":l
;0 0 :]) -- :l"O .... ......
:u s.. ... ..... C l:; ::-:::l "'" 0
<:.l Q, :a Il'l 'II 31 = 'II ....
.... .-t ... tll > Q. .... u .....-0 -g
I >"'0 <:l ~ '1l <:l :< ec\.o ~ ~
w C ... u ,.. 'II <ll 0 ..... .... ~
:u <':1 0 Cl l( - - ..... <':1
- -
:II ~ !lO ~ 31 .; ....
>. u w rn '"
1-0 ~ 1 ":l '-" ill
0 C >. ...
I .... 0 01 <:l- CJ <lJ
E! 'II U UI -' U :Il
1Il s.. ,.. ~ ,.. C '1:
- - .;j
<ll""" ::I c:l C 'Cl '11
" :00 .... -I...., e ...... ....
.:l) ... - :a > '1l 1 ..Q
::I '11 CJ "0 .QaJ .... ...,
= ..: r.h c ... ":l CJ
I :u U:;:J :u ":::lQ, .... -c >, -0
> Q. C :0 ,.. ...
:u :><l ::I :u ~ ::I
::.:t (oJ tr. co:: ~ :...
I 38
I . " e e
....... ,-.
I Ol -i C\ --J ~1 <0 N ~1
-+ co. 0 <""l -J:) ,..., -t
"'! ~ QO ...,. N .... 0 ~ .0
(;Q ::l .. A A
ao... " N 0. .., 0- lI'\ 0
-t~ r-... <0 <Ii N 0- ""1
'-' '" ~....
I --
.......
OJ
I a.l .....
-t ~ o~ ....... ....... ...... ......
I <ll,J:l CO N N ...... ~
U <II 1-0 OU"\ "" Lf'I U"\
C 101 0 U"'l ,.,., :xl XI Xl
o:l 0 > " A ~
.... :> :II ""..0 " " r-.
""' '" .... -- -4' -:r ...,. -4'
~.... c: ......, -- ...." -- --
==- ::l
I
:a
Ql OJ
::l U ~ :~J :1
I .-t c: o~i Xl .... r-.
~ III o~ -4' <0 ::0
101 NO'> ...... " ,....
-t ..:l "
:II GO " ,., ..-l U"\ "" ~I
c ::l 3 ..... N
.... U
.... -I ~ c
I co ~ < ~
:l
~""--:J
,.. (J =:
- < :l l;Q
:ll .:.. -4' <ll
0"0 :0 ~
I ~ <ll :tl 0\ c ~l ....... ~II
""'0 ." :: oW,.,., .... ell I! ,.0 '" \
c.......; ':::<0 s.. a 0 "
5~ ,J:l .1"1 <Ii 11"1,
<ll <ll > ..:r El " " \ 0-.1
..... a.l co e'" :l 0'\ a-
-< ;Il ;oo:! a. ~ u ......, ......, ...."
:,) III '":l .... ~ c:
I -' ~=:l 0
~ -' " ....."" :.:l
Ut4 '11 0. :'!!
.,.0 'f .... .... :; Q)
.....< '.J
.... "0< a.l ~ S o ~1 co ~ "" C"'l -:rj ~J
< -: ~. c.. ~ c:: - .-t o~ ..:r 0'\ CI"I ~l
.... ... 11.... :on -, "lI NCI"I -t "\I -...
I - :a ~ , ~
..c .... c::: ~-c ::l ~l
~ 0 Q ..., .... ....~ ...... .1"1 :i"\ :;1
.,..j >:n :z: c ~2 0 -... ..... -I
..c -- .... "0 u w < ~....I
><l ~ ~ ~ "lI Q
:.:J C :n .... .... "0
'11 Iol III
~ 'I)<lJ c ~ l-l
I >- -I :::0 'J,..,j <lJ o o~ ~ ~ :'\ ::1'\ ~l
.... ::::"':j CJ -;1'11 ~ 0.0 0 ..... ...... -i
:... '3J :I Q,I s.. o ~ " ", 0 ..0 ..0 ~i ......
u ~:=l.O=: 'Il <.J >, ~ ..
~ coo ~ ~ .., co
:<:' I w >' .c 100 ,.0 '-0 U"\ <Ii :xl
.... u 0 I lI'\ <Ii
I c :I ~ .........
CJ 3- * -
c: :n
~ '11 .:.l
- .... w
~ ~ ~
5:0
I ....~ (.(l
:ll C <1J
... - C <ll
(IJ -
. ;.., 0 ,-. ..... :l
.... >os.. >. s.."CJ Iol
... r.J <lJ ~ '-I 'l.l - ~ OJ
OJ ~ > c ... > <':l l:J
I ~ ~ 0 .... CI C ..... >.
en s.. .... <Il U -i :ll U
>. o:J u tJ <ll o:J <'3 U <.Il <lJ C ""'
u ::I <lJ .... <lJ s.. s.. .... CJ L. "II J...
Iol c: s.. .... ::I :::I -:J ...... ::l ::I .::: ~
:u :u ~ .... Q, :u c..u"t""i ~ ~
~ :- ] ":l :u .... 0 ":::l :u........... c :>...
I 0 <1J '-" > - ......, >-c ....
1..1 ~ o:l o:J ,.. I <lJ C .... - "-'
Co <ll "" <lJ .:n "" a.l Ql "
.... tIl (.Il ::l. <ll co :::l.":: .,..j
-c "lI .><: (lj.... ~ o:J ':1'u.. X '" co w
= ... J... U 0 '11 ~ <.J 0 o:J 0 OJ
"lI 0 '"Il \<: :>c ..0 o:J
'1-' Q, '::rJ .... ~
I ;>, ~ :::I u ...
0 qJ 0 "lI 1l
<\I 0:::: ....
:w: 0 :a g !ll <lJ <lJ
to El <:l j,o '-I U
... L. <':l 11
....... ~ c..... ":l
I UI w - u ..... <Il
l:J .:D .... .... C 'Il <1
::I .J;: OJ ""0 :ll A A
C ... Ul Iol ....
:uO ~ QJ 11 ... ~
> Q, ..c ;
':J >:l .... ::I
~ '::rJ 0. ::r. ,-
I ....
I 40
I
I
I
I
I
I
I
I
I
I
f
I
I
I
I
I
I
I
I
I
.'
e
e
Exhi bit 18
CITY OF SANTA MONICA
Statement of Revenues, Expenditures and Changes in
Fund Balance (Deficit) - Budget (Non-GAAP Basis) and Actual -
Federal Revenue Sharing Special Revenue Fund
Year ended June 30, 1984
with comparative actual amounts
for year ended June 30, 1983
1984
Variance -
favorable 1983
Budget Actual (unfavorable) Actual
Revenues:
Intergovernmental $ 878,161 921,404 43,243 895,662
Use of money and property 1,820
Other 10,800 518 (10,282)
Total revenues 888,961 921,922 32,961 897,482
Expenditures - housing and
commuo1ty development 891,818 882 ,160 9,658 1,401 , 954
Excess (deficiency)
of revenues over
expendi tures (2,857) 39,762 4 2 , 61 9 (504,472)
Fund balance (deficit) at
beginning of year
(53,254) (53,254)
451,218
Fund balance (deficit) at
end of year
$ (56,111) (13,492)
42,619
(53,254)
42
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
..
e
e
.J
Capital Project Funds
Cap~tal Improvement Fund - to account for State Sales Tax mon~es
prev~ously reserved by the Cl. ty Counc1.1 for cap1. tal
improvement prOJects.
Redevelopment Agency Fund - to account for the revenues and
expenditures of the proJect areas of the Santa Monl.ca
Redevelopment Agency.
City of Santa Monica, California
Year Ended June 30, 1984
I
e
l.
~
I
Exhibit 19
I
CITY OF SANTA MONICA
Gombining Balance Sheet - All Capital ProJects Funds
I
I
e
June 30, 1984
with comparative totals for June 30. 1983
I
I-
I
Capi tal
Improvement
$ 1,598,555
Assets
Cash and investments
Rece~vables (net. where applicable, of
allowances for uncollectibles):
Accounts
Accrued ~nterest
Property tax
Due from other funds
~estricted assets - cash and investments
19,485
107,465
I
I
rotal assets $ 1,725,505
Liabilities and
Fund Balances (Def~c~ts)
Liabil~ ties:
Accounts payable and accrued expenses $
~otes payable
Claims payable
Due to ot~er funds
Advances from other funds
I
I
Total l~abilities
I
Fund balances (deficits):
Reserved for encumbrances
Unreser~ed - undesignated 1,725,505
I
Total fund balances (deficits) 1,725,505
Total l~abilities and fund
balances $ 1,725.505
I
I
I
I
I
43
Redevelopment
Ag ency
Projects
4,730,712
6.000
77 ,999
36,162
~_,850. 873
57,840
1,558
11,572,61 i
11,632,015
522,736
C},303,378)
(6,781,142)
4,850,873
1984
6,329,267
6.000
97,484
36,162
107,465
6.576,378
57,840
1,558
111572,617
11,632,015
522,736
(5,578,373 )
(5,055,637)
6,576,378
Ioeals
1983
5,431,208
70,204
l7,005
1,671,475
7,189,892
26,146
1.500,000
17, 413
3,884
9, 712,879
11,260,322
20,543
(4,090,973)
(4,Q70,~30)
7,189,892
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
;,
"J
e
e
Enterprise Funds
Water Fund - to account for revenues and expenses of provld~ng
water serVlce to the citizens of the Clty.
Refuse Collectlon Fund - to account for revenues and expenses of
operatlng the Clty'S refuse collectlon, street sweeplng
and cleaning, and recycling programs.
Pler Fund - to account for revenues and expenses connected wlth
management and development of the Santa Monlca Pler.
Sewer Fund - to account for revenues and expenses associated wlth
maintalnlng the sanitary sewer and storm draln systems
within the City.
Audltorlum Fund - to account for revenues and expenses connected
wlth management of the Santa Monica C1V1C Audltorium.
Alrport Fund - to account for revenues and expenses generated by
operation of the Santa Monlca Municlpal Airport.
Cemetery Fund - to account for revenues and expenses assoclated
with the operatlon of Woodlawn Cemetery.
Transportation Fund - to account for revenues and expenses
related to operation of the Clty'S Municlpal Bus Llnes.
Solar
Utlll ty Fund - to account for funds approprla ted
City Councll to facilltate solar energy and
efficient lmprovements in the Clty'S facllltles
resldentlal and commerclal/lndustrlal
Operations ceased and the fund was closed durlng
year 1983-84.
by the
energy
and In
unlts.
flscal
Municlpal Enterprlse Fund - to account for funds appropr~ated by
the City Council for research and program development
for the Clty'S enterprise operations. OperatLons
ceased and the fund was closed durlng flscal year
1983-84.
Cable Communlcations Fund - to account for funds approprlated by
the Clty Councll for coordinatlng and planning the
Clty'S cable communlcatlons capaclty.
Parklng Authority Fund - to account for revenues and expenses
assoclated wlth operatlng the varlOUS parklng
structures and parklng lots owned by the Cl ty Parklng
Authority.
City of Santa Monica, California
Year Ended June 3C, 1984
J
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
~
..J
;::
:3
...
...
;S
i
..
5
'"
...
~
.
."
e
.:
:
..
~
v
oJ
..
~
in
~
;:;
~
-i
-;
..
~
'"
~
'"'
..
'"
~"
..,
.
~
.. ~
.. Q
"'~
~
--
~ ~
..,.
~
! .
; ~
-!;
v
..
.
i
~
"i
~ "I
.. :: :;
_ 5 ~
"li-
d 3 :1
;J .-.,
-2
...,
:;:1
..,
.
3
,2
i:;J
:....
,..
10.'::'1-
e ~
~ ..
... Q
= tll
.. ~
- "\
1 ~~
:~
~~
.~
:f:
.
~21
v.
" v
. .
t:
...
Bl
JI
:J
~
..:
~I
]1
jl
jl
~.
~~
..,
"I
Q
:::
. u
~ .
,:j:::i
.,
u'
~,
..
~r
ij
~
..
"!.
:::
OClo4'QC"o":;)
o.a....o.........
...<:IN<:!........
4"r:~ ooo4".n";
ON..oGOQ_
~~-~ .....-;,.....
~.., ~
!
...
..
~
~
..
......
roo.,,.....o ......
::PI!7L~1
.....,:.,; ~..
w"...."., Il"o
.. ...
..,"
g
a '"
.0100II'1
N ..
....
'"
..
...
-..
i
..
..
, ,..
, ~~: :
I ~ :.
I ; i
~ ;1 ~
..... :::.1 ~ ;
-I ;1 ~ '"
'I ~1 ~
, ;i
I I ~ I I I I I 'I
!
I I I r t r
~
o
i
::!
... ...
~ 01""1 ....
_1::.1001
i .. ~
.. .. ...
..;
....
..
..
...
- ..
_t-ll
~ -4"
...
..
~
"
'"
<'<
'"
~ ~
..;rINJ
~ i
~
:::
.. ..
- "
..QI~I
""
...
..,
..
..
...
'"
..
~
...
..
.;
~ ..
'^
""'I I Q I I
~
..,
~
...
.. '" ..
;r't........,.
-.I'\~~ I I
~W;N-
....
...
","
"
: ~
..:r1~J
~ ..
..
..
-.0
'! ,I
'j ~~ :
I ~I ~
"" ...
-, ...
, , 'I ~i
-,
I; ~~
'! ~j
, 'I' ii
..,
,,;
,~ 8i ::
":1 ~l -
...
..
..
..
~
..;
::. g" ..~;,
~':.r-4I'i - ;8
~ co i ~..
.!"";
-:.=
~~
- ~
"'~
"'..
~::
. Q
~ ~
." .
. .
" ~
.. - Q
".-
- ..
~ " "
:~~
:II = 31 ..
........ . :J'
. ~"
:1-:::
,. .. ..:: IIlII
.-.= 'Sl1W
a: :a !J' 00
~~ :
..
.
...,
~ "
:1
.. .
i: ~
-.! g
". '"
; ! : i': It =
:II o:J 0 ~... ~
<3~~~.~
.. Q ...
-:1;10 Q"G1
&.:!J:
J
~
~J
-,
~.
..,
~
..,
'"'
~
-,
.
..
.
.
.
~
"
"
..
.
..
45
'" 00 .,...,"''''~-' _..I
....._'lG-4''''~d'o d'o,
~~:~:-::.~ :~~ ~i
_ao.-m~O...:r 4' '"""
~ ~ 0.. ~.... .. 4' ~ .,oj
~~~::::..r:1 ~ i1
::1
~
..,
-4 ..... on 0 1XIft,g 0-11
::: ~ ~ ; ~~ :;:~
.. .... .. "II..
....~.... -~........o
... .....,..... N ~IC'\-=
.......~..:::r.c..,...!":......
~"',"",c".II.....t::,..",
"'<"oIN rN
8:::;
C'ltO~1
iji.
~.....
,.... .0
~~""I
;:1: :#:l
-. ~
~~~~
, I , , 'I'
, "
I
I r I I I!I .j
i
..a.1I"'I ~...a~at.4
:;;; ~ , :: ~r:;; !i
-""4" -,. -.eli........,~
~ ~ ~ ;:1: ~I
~'^ r::.~::q1
~ -... ....~~
-4'OQ /U"lN
I ....:D '""" . !IN ...
.... .. I..
:;.....;: ~3
... 1<"""
:3
..
..
..
..
;;;~; ~. ~~
::a.."":.~1 .......
~...:I"O _
lQoIDN ...
.....n.... ....
~ -
.. ~ d'o~ ..~
Q ..,~ ""
'_I~1l'\ ~
.."' 4oQ"'G\
...a. ..o~ ..0
.., - ,.,
...: .....j
.,
-.
-.
.."
~
~:: ~ ~:a;~:
I .....-.2'.,-"..;r:. ro"Il
~N""'v'l1N.....1
-4';~~::~1
.: :";",1
;
......,.".a=I...,.....i
..... N -.fI....1G\ '41
I .....w"lf""laO,tm:....1
..:.; ",' ~f;" 0"1
=".....no <CI
.....0\ -t".I 0 ..../
...: -~"-1
- ~<<t"1
'" ... or-t-N
I-:.I....::I..I~.....
~ ~ L..r-'
.. '" i... "'~
""'t -.0 :GO:QI
No. j,........
0...", ~..~..~
~_.q.r"\4__r'\
::'rI_-=_ -:rt
-."r:,...,"~..... "N
""NN_~ ::!
..,.... N\Q C"'"
~""': -ca
~
I
~
.
..
.:
:::l
i
."
i
~
o
.
!
.
'"
.
~
:
~
."
~
.
>>
'"
.
.
o
3
.
.
;;
.
i
"
" ~ .
~jS
",~E;
v ::::; ;a,
-"'"
~"O
.
."
lit :::I =
i ... 11 0
a 'lIII ~ lIoo::
~: ~;
.. ... ~ = '"
>. ..,0-...
:i=:;,-e~
jJ,i"!.1d
..
.
"
1
~
a
"
SJ 5~'1
.., "
~, ...
~i ~1
:1. ~
f:I'oj ,..."
~l ~i
, :::11
'I ;1
I
1-.1 II
,I
,II
" ,II
HI
:~ ~ij
... "-I
- ~
~: ~lIJ
::ftl ::)
~: :h
..11
~i ~jl
';i ~.
........ '""'~
....i -or
~J a~
..,
~~ ~J
....~ =1
-, -~_J
;"'4 :::j
::1 ~ i
=j .. I
'"'41 ......
~~ ~~I
~~ ~il
~t ~:!
~i ~'
~l ~I
...
~
;
.
;
d
:
] ~~
; !J
~
z
'"
"
II
"
"
~
,::
.
!
u
.
.
j
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
.
.'
~
"1
;;
..
.
.
,,~
. ~
. i!'
~ v
. ~
. c
;QIl
..~
.~
ole;
~ ; I
Z ~-:
:: : ~ 3
s ~!
~ ~;II
.~ i 3
~ ..
!:: ;&I'"
~ ~::
....,
.
!~
.:::
..0,"
.
8':;
.
;,
:;
d
.!. .
.l! G al
... i ~
" ! ~1
..
!:
s:
1
4"
~ .
~a
.
~W
~ .
V ~
.
, w
:~
. .
..,~
C .
. w
w.3
.
::: ~
.
W
.
f
~
"i
iil
I-
V
.
;
..
!t
'-~
~ ..
... .
wJ;
,q
~ ~
. ..
.=':
~ Lo
C .
, -
'" C
V,
w~
.-
~-
.-
~~
~ "I
u
': :=1
~ .1
~
.jl
~
~~
~f
it
l[
~I
1l~1
:r :.II
:i~1
01
~I
~I
w
~
.
.
;
;;
,
.
.
!
.
~
e
91
;1
!
~l
......~_4...~_..~~
N(""Ic"lI....OO.".,..a'2)="
No#-4..Q-:O."....a\,.,
...;-:-:...;~.~~o,....;...
.....~"""qI...._~....P"'IN
~ .....0. -. ~... ""...... ~...
9-.........,... - oN i
"'...,....::IIt_O....Q_..~
Hro"I......."""_I!"oI-.t-O
"'_.,..N...eo"\I_N..........
.~......~.:.:...;.;Q
~~.~~~: ~~~:,
...N_....ocf'l N .... .
- ;
CI'I ~~ ..."'Oi
1.1~""..1 Iq=:1
-.II ....... .-0
_ 0 0....
'" ..
,I
i
II~':.' ';i
.,
"""""1
i
q
~
~1
:j
"O"'''''''~ _4_~
-4 W"l~.~ .4_
=.~~..~.....I ...;1."""..0
......o"",...~~ c""t...1'"
P1-"'ON:G.....a=I .....Na:I
:l'-N"""..,d .,.,.,
.. N ......
~2~~~:
............--:."O........N. .
4-N-dl-~~
.0"" _.,....
...
..._..a...."...oN
"""....""-oG'....:r
~~-,~~-:.I
~-....._-~
a:;::=o4'H'"
~I
~i
""
_NC"'II"""""""""
........-a-Q....t-I
~r-:.~~~"!'
_.0.....(1"'1........
:~ N.....q.
~J
5]
~,
_<aq...........-=
-:>.....(O"l~o...
oN.....<::I....joN~f
~~..;..:~~
-QD_-Q....-4'~
......10'\ o!""I
'"
~
;1
~
~
""
~ _,"",C'''''h'ZlC''il
....Q\-ot"'I.....O
....-~..........._t
. . - . ... .
,.." -4 N _..........
!:~~~--
~.......po.-c-.,.
--.... ...=r'lI
...N...............1o"\1
.......;,.;~=...~...
--.....~~
....d\o....._....
..
..,
'''' ,
II.,[~J~
, -! '1
~1 ~~
..." .....
..,
u
-~ ~"'u
Q,IDf""N
~~~..::
...a 0 ~~
......"":.~..,...l
o<"I4N..... f
~...""" -='f
~~~:t
~~""'1
.........,qL.....
ID "'" r-. >A
--< ..
~I
~~
~
'" ;;~
-4
.....
"'4
...'"
I"'!I~
e
~I ~ :
.",j := ~
-0; ~ :;
I ..,
~~ ~~ ~ ' I ~~: ~
..4 -<, i:I".:
~i ~j , ~ ' I ~j ij , I
~I ~I '~'l
ch1 S 1
~! ~I
:i s'l
~ ~
'~"I ;' ~l
- ~1 9
:i:rit
. =... "'j
:~I
i
:1 ~~
I I
..
~
...0 I:
~
? ~~
.11 ~
~ "'~ o:!) ..,
1 ~8 -- ~l
.......,.. ojIo1 ~,
:: In =1 ::1
~,
~ "'1
1 =:~..
:: ~!
~J al
~ ~I
..., '1
~~ S~._~
~l :;
..;;
. ~~j
.., '"
~ .....1
!
~ ; ~ 5 ~ ~ ~ ~ 3~! ~~:~ =:"",J1.
':70-0"; ......0....;=- Q ~
-a.....C"'I....NN........."'O
::"'I"'l ::I;I""~_C"II'-
if
.
w
~
...
"
w .
:.l' ::.I GIJ
. , ~
... !iii ......
-:u a.....
1..:! ~ t
-:.. is:II
..~.
~ := --:
...."""1..4
. ~ ~
::: ~ .':
(It .: ~ :~
~ :I lot .... ..
........ "41
-; i a Si
J
..
:
.
~
..
:
~
:~
.
...,.
~ ~~
~~~ M
IU :;... i
,w .. Go_
;: oJ.!: 0
.
w
.
;:
.
! :
i ~
.
.
~
..
-=
~
.
w
.
..
.
.
.
..
I
Ii 11_
, '~'I
.., .. ... ....1
-.0 01 ('1"1 d'II
.....,..,....3;I...C'oI...
::s: Z.~l
ca..~~... =
....""".... !
... ""~
"''''
I ;,'"
~;:
~~
~~I
..~
1 .......Q""I
"N
:: N!
_...~
' ~.:;
"'~
...,
...,"',
"~I
I 1 <""la'll
~.rotl
... ,
I
;::: ;: ~~
aII;- .01;"\1
.... '" ..
_ '>4'~
;: ~I
E r ~N..!
~~I
~~I
1 o~1
i~l
"'~I
J
]
~ i
. ~
.
~ . ~
~ ~:a Q,
;1,1 ::I.w lIII
Qj, -11 1llO"
-=- :>~....
. w
.. '".
G
.. 01-
.=;.::
~';j.
w w w
V u "
... 0.-
o oQ OIl!
.
j
47
,I
j
;;
~,
~I
:i
I
I
"
,
~i
~1
41
~,
41
~l
~j
~I
:;1
~
41
~j ~
~ ~i
~
il
...i
""
..,
I
!
~
.
i
o
!
,
~
~
~
~,
ID
~ .1
o!
.. 1
,\
r
~
, 'i
~
..,
~
:i!
~i
....
~I
~q
-,
~,
~i
~
..
...
...,
i
...
~I
~
~i
1 1 ~
~
,
. .
~ .
o
~OI
. "
...~
~ .
: :!
~;:
"1
!-
~ ;;:.
.::
!
u
i
: ::
.
, _ w
: ~ ~ ~
. Jl "" 0
u w w
i~.; -:
., .::,;: ';
". ....
.. w W
,.9....,w
;,;'=11.
. . .
.~~
" ~ w
;: ~ ~
u u
w.....
000
..
!5
,I ~ ::l;
'" c;
j ~ -0
81 ~
~1 ~
'Il
f
'I'
"I ~
~
4
- ...
" ~
~
...
'1 'I i
,; ,I;
i ...
.~. ..... ......
~: :: :::
~i ..... ::
.... ~
, '"'
if :
'"
...,
...
.i
~
'I :
'I ~ ~
...
~
.,.
-
-
: ~
~ ~
::
w
:iI
~
-
...
"
-
:!
:
"
"
~
.
Q
~
-
. -.
(lI ~ u
~ ~..:i
~ ,,~
w .. >
~ '.:I~
f;I 0 ~
.. . ~
... ".
.: .::r
~
..
:iI
-
~ E:
... ..,"
2 ~
~ '"
= ::;
- ~
ili
..
...
...
,. 0
~ ...
.; r4
..
~
.
w
-;, "Q
.
o
..,
.
w
.3 .. ~ ~
j -~ ";
:; ~
~
~~
"U
4'
..
...
~
~
:~
~
::!:
'"
::
..
~~I
'I ~~
'I ~I
...
...
'"
;
~ ~I
:::I... '='1
::. :;i
',)
:: ~j
; ~
'il
"
I
...
'"
...
;!
~I
~i
:1
~I
~
...
...
.. ~,
" ~,
"" :~
... ~I
-
.;
"'I
;::~l
0'
:;J
....,
i
~ I
::j
-..:!
;ij
"
~
'I ~
..
...
i
...
....
4
::j
I
;
;:111
~ll
"'-!i
i
~
...
'"
...
..
iij
~'j
~I
....i
...
...
"
...
..
.,;
..nl!
....,i
:ii
~I
'"
-,
..
.. i
.
~
. ..
i
'f ~
;;
-
.
j ~ i
;: ::
. ...
. .
..
~ ~
~
.:! 01
.
. w
.. :
V...
~~
. .
V
"
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
~
..
~
~
-
"'"
~
~
w
..
..
"
..
..
:;:
~
3
~
~
..
~...
~ ~
~~
~ ;
i:d
~ .
~ ..
.1!
~ ~
it';;
. ~
i!9 ~
~ ~
- ~
~ ~
; >1
"-
--
,'::""1
..
~
"
~
,
..,
~...
.. "
~...
~ ~
"
o~
.... ..
II
" ..
~
" ..
"",:
l~
= ..
" w
... .;
"
. "
,.~
...
1:
!
i'
,
"
j
e
.:. "1
.. ~ -
~ -!
.a 1_
" BE
...
~
~.
"i
.
.
.-
. -
. 0
... "
.:J;::;
~
"
;1
- - -
...:I....,CON...-o "'"
w"l....'O~'oI)q. (Q
-o....O.CIiI41c"'l
~~.A..;~R~ ~
~~::=~,..., --.
.. ..
::::
,..,
wi ~
.... ~
....
, , I
--
"'"' N_P'I
~ :=:tA
~ "'~
.... ~'"
!:;. !:.t'I..
...
~
;:;!;:a
.......,
~...o.
........'"
-"'...
.:
~
....
~
'"
...
...
N
N.I t
~~9~'
~~v"o
.....-
.......
-
~
-
'"
::
N
~
, , ,
..,
'"
co
.,;
~
~
~
~,
;;
...
w
...
G a ;.t':
. ., Ii , e;
e ~ e]~ 5~
! i= ~~~]!-
. 3~ ~ ~ ~ ~ 5
= ;0 .! 1:1 :: ;.. ~
: 1-: ~ u~ 41 41 : ~ 1 . -; ~
~ ~ i ~ i : = ~ 1 1_~.; i ~ g
: ~ ! e i ~~ a- i. 15' i j ~ ! . ~
~. ~- ~ . U.Ww. ~_~
~~li~~!~~~;ii~~:~:ji
.,.. :I....~.... = . .. :I Q" IojI 101 _..... M":=' ~ :ill'
=.a3~" :Ui,Q.C1l111.l.1Q1 ':i~:U"
~:; .. :' ~ tJ. ~ : ~ u ;:I CI. ! ! ~ c..~ ~
~~':!J,j,,~.il-~..... <3 o!i.!",: d
. ~
~
..
..
....
~
..
..
- --
.........e~...,r"'If"'I .....
""'......a1l'4 ..............., ~
oC"tCl..oO N1oGI1n ::I'L
.;,.:r::'^.:~..;~ '='
~~~=~=~- ~
"'.....
~
!I
~-~
:I ~
~'"
~ w
.. -
..
....-
,.,- .
~CO ,.,
NO I .... f J I l
~... .,,"
~-
....
~ ..
.. N
.. I.... I I I I 1
...
...
... "I
1-=1
:iSt
~ "l
~ w
:JJl .
"I
~
0- I I I I I I I
~
~
~~
....
......
.. ..
!:JJ~
....
..
'"
...... I I j j I ~ I
~
::
~ gJ
.-
~ ..
.. .
~...
-
..0.,.. a3 ~..., ~
~:t~~I~I~ ~
~"" -0 ~ ,...
:D-GO _!:'II.... oofI'
~:-:-- ~
~
~
;i i
OSI_ I _r I I'
iZt".,...
..-
::1
M
~
~~ i
........... r '4' I I It
-4"';: .;
::;:...
~
!I
~!
il
" .. ..
~co ...
--t = ~ ...., I r I
.ri
....
~
jj
;::~
.."',
~N
~...
"
-....
... ..
N
:~ I I I
~I
'"
~I
..,
""1:1""..0
....ro-.ro.CP1
-I,.., ~ .. I I
r-"I.~.~..q"
~ .....-
"'...
~::::
~
, ...,
.,;
......
"'..,
...
il
"'"
~'"
.......,
~a.
"'-
....
~~
......
...
...
",
o
...
~~
-.... ,
...
-=
~
....
....
'"
.... I I I ;I
...
;1
.....
ro'!.o
~-
'"
'"
...
....
I I I 4
N
...
co
~
..
I I I t
~
'"
I r I I
~
....
'"
'"':.' I I
N
~
e
....
~
..
'"
-
..., I
o
...
-
::::
:::r
...,
-
~
~
'"
=
...
...
:::.
~
N I I I
::
49
~ ~
;; g 81
"''''9
:9....
~
'~
I "I
, "I ~~
"I
"/
'I
I
I J:
,I
J
"I
'I
I
, 'I
S II
.., i
,
1
-
::
. -
.. .
~-
" ~
.. ..
~~
.. ..
" ..
.-
....
.. "
" ~
..: '
i~
e
~j
;:;]
~~
...,
:::1
"'--I
""
".1
N'
..,
~I
""
:;:.
~1_1
'""
~
~I
;;1
""
...,
"'I
~
~I
~il
~
r
-
....,
..,
~
~
;JI
~II
...
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
.
e
e
.;
Internal Service Funds
Self-Insurance, Comprehensive Fund - to account for user charges
from other funds and expenses related to the
admin~stratlon and payment of general l~abllity claims.
Self-Insurance, Bus Fund - to account for user charges from the
Transportatlon Fund and expenses concern~ng the
adm~nlstratlon and payment of Munlclpal Bus L~nes
related llablllty clalffiS.
Self -Insurance, Automoblle to account for user charges from
other funds and expenses concern~ng the admlnlstrat~on
and payment of automoblle related liabillty clalffis
aga~nst the Clty.
Self-Insurance, Worker's
charges from
administration
claims.
Compensatlon Fund - to account for user
other funds and expenses related to
and payment of worker's cornpensat~on
Reimbursable Expenses Fund - to account for nonrecurrlng charges
for services prov~ded by the General Servlces
Department. ThlS fund was comblned W~ th the General
Fund durlng FY1983-84.
General Services Fund - to account for all Clty payroll charges.
ThlS fund functlons as a payroll clearlng account.
City of Santa Monica, California
Year Ended June 30, 1984
I \ <1 e e
.... ~ -OJ ~I 0"'"1 "'" ~ ~l
I '" \0-.. -I'" '""
"'0 ..q '" I ~
~I '" ~ :::1 ~ -to ~~ '3\- ~
'" "''"' N
,., >> '"
- .....
III '" "'"
I -t
~
... ;i ~l ~1 ~I
0 0 ~ ~~ ::;)
E-< 0 "'00 ...,
U"I <"'1'<1' :0 i.l'\j
~j = :~ . . :~
a'I -.D '"
<"'I "'"'" "'"
I .., I N "'" 0
~ ....j
0Cl -.D .....
'" "" ~l N , N ~ ~
-I al .., '" ,I '"
I Ol <J ,., .." ::g <0
""-t >>" ~l . J "
al > .... ~
c ... N '" N
al al .... ..../ ..., ....
~ '"
I al
~ all
":I ~
III .1 III I) I! II
...
='
I ..:l I
a
...
al
III :>ol
S
I :::.: =1
..... 0 '~ -"1 ~i ....11
::l :z::I Ill" ..... .... ..q 01 '<I'
<J '" U ., ... ::g ~ 00 ~ ~l
..... I C ... 011 '" .., 01
:> ""' . . ~ "';=1 o.
"" -t ..... ~ ~ 8
:u o. 0 :l W al .....~ -.D
I en .., :n " Q .... '" ~I
c :. s ",1
.... ~ ... 0 N ! .... ...,
::2 <J
<: i: :;
(,J
:l> ~
~ E ...q ... al ~I :;!I ~l 11
~ "'" 00 ;1
I "" :f co 0 . .1'\ "'" ..g -
'" ~ .... .... '" ~t u"I ~ '"" -..:r :0 ""'j
< ..... -t -t W . ..01
OIl -.01
- f-o :( .-t Q :::l a'I _ 1\ -.D ~I
....... ~ ;, 13 '" ~ ..., i N ..... ""I
..:l ..., ... u"I ..., ..., ",I
en I 0 ...
-=
or :.. ~ ~ ...
I ..;l 0 al al
:!! .:; :> 01 0 '1 ; ~1 '"" 11
~ OJ :0 .....0 .....
<ii .... 1 C .... "'0 '"
..... ... ... "1l ]1 "="1
'1l
(,J al ... ..... ... ,.... ....0 ..... ....,
r.J Ql =' ...., '" u"I u"I IJ'W\p
C ~ :;I) :D '" u"I ..., I/'Ilt
I ~
." .. ..:1 i
;:; ..... -t , ....
." OJ
=
~ .J: all
...
... >1 :;:;1 :j ....1
..... :. al ~ 0 - ~~ .... ..,
I <J '" .... .... ..., ..... 0
- J '" :0 ;j =0 :0 ~ \Cl
..:l .... ..
s ..... ... ..., -..:r "" ... ""
0 al ::l ~ .... :1 0 ..g
(J en OIl <"'1 -..:r. ..,
<:: I .;1 ~ ..;
'"" '"
I <J - - - -
I -. -g
~ OIl
41 41 >. ~
.... -I ...
..:l ..0 ..... " :xl
<a..... ::l -a al " Ql
<J ... ! 00 ...
_ <J I'oJ ;:; ... c ...
.... 1I ..... - ... >,
I 0....... <Il '9 OJ ....... i: - ...
0. .... ... :; <J .... - .....
jl '" 0 Ql "1l .Q '1l ..Q ::I
= ., r.. ":I Ql Ol 0-
Ql :; .. -g - - ::J
W "" 1! .... ':I
Ql ... :; ":I ~ ~
., -= ... .. .... - ;::
I ..... ): -0 Ql III al '" ... -e ::l
""' ... ... '" -t ... '" ........
:J Ql ::> :l> ..0 al 0 ... ::>
= ~ <Il ~ ~ -t -:I ..... ... al ...
... <II al <:: ... >. .Q ...
-" c <.; ..... " ":I
al ...... C '" .... c. " >. I~
:> ., ~-a ..... :J -:I ..,
:II :J <:: al .Q " '" '" -::&. >.>
I 'II 0 == ::l " al ... C ... ...
::> ... ....., - " ~ :II - al
-.::: .Q ~ ~ ~ ~ ::l 9 ::! '"
" "1l "It << ... 0 ;; ..... ...11
" :> OJ :J Ol <II ...
- ..... .... r.J ....
;:; ~ -:: ..0< (,J "'=' -
'" '" ::
I "':I ~ :;;
u :.: -
50
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
~
"
-0
.....
..
.....
..0
.....
..:=
>l
:..I
<
::oJ
.....
:>:
o
x:
<
'-<
~
<fl
::..
o
>-
!-<
.....
::oJ
c
o
....
....
...
'"
o
.,.
o
<""I
QI
=
::l
....,
-4'''::1
<C ~
<:1'\"::1
.... ;
o~ ...
<"l ~
Ol
~ >.
S
"i 3
""'
"<:I
~ O!}
~';
.; .;..J
o
... ..
'tI
-:J ~
>0 >
....
...
OJ
...
::1
d
<5
<.I
..c
..
"i
....
ca
....
u '"
="::1
ca C
c: ::l
.....::r..
:..
QI
c U
.........
>
:Jl 10
~ ~
:9o:ll
;....
6 ~
s..
!.I.I ~
0';:
,y..::i
:u-
s....
Ol<
..
III
..J
::I.l
~
c
-a
....
..0
S
o
u
e
'"'
<C
a'\
....
c:
o
QI. ....
<.I '" ..
I = '" 'tI
..... 01 ~ '"
.-I '" ..lII C
~ ::l ... <ll
::I.lllloil
.; 3 81
01
U
I C
~ ~ ~\
~ ~ -
.....
<:I
<J
1 C
~ ~]I
::I.l '"
III
>
::J ...
<.I III
.!. g ~
... w ..c
:l/ Ol
o:r.I ::D ....
I::
... a
'0
<.I
;,
-..
N
-D
.-I
'"
..,.,
....
.....
'"
.-I
'"
..
o
....
-..
..,
~
.t'\
~I
~
~
'-"
O!}
.-I :l/
'tI <.I
.......
QI >
C '"
01 OJ
t.:l '"
:u
...
H
01
:.:
......
C
-0
'"
.
-0
...,
'-"
-..
....
..0
'"
'"
-4'
'"
.....
......
'"
~
o
.....
0.
....
.....
<;)
U"I
;Q
-4'
QO
...
'"
.....
....
.....
co
.....
...... >.
"'''
0)....
o :::
.-I <;""<:1
....... ~ -::
::l
.....=t1~'4-I
01 8 '"
w 0 ::: w
..... -:J ~ ~
~ -= ..... ..t:
.,,-'J)....
(J WO
u "
!lOOl a
:: C I 0
....., ....
..:a:: I lIl.1-i
1.0 U
o -.a ... s...
:l5g~
.........:.Q~
0" '"
"'Il W "'Il
:.Q So.4 :J ...
~~...::-'
<.l c....
....00
'"
o
~
I!
I
~
~j ~
11
i
, I ~il
1
I I
I
.....
o
......
'"
:l/
"'....
:: ...
'-" ...
:ll Q.
:u ...
u <.I
...
::l 00
o C
"'...
..:0:
...
'" 0
... :I
o
...
~~
'"
....
~ o;;-:;;:::-;Q~
<""1..::>"''''.....""''1
0\ ~ ;.1"\_ a.. '.1"1 .....t
~~r-:-:~..,
O:.n_""",,ro..O
O.......,'-"~,...,....t
" "
..... ....
.....,
~I
~l
~l,
-.. ......
"':0-0.....'"
CNa:l.......
c-"I..-r::o:..t"lN
~- ~... ...; ("4'" .-.'"
~N.-I""N
~'-' LI"IN
....
""
<"l
--4' 1
-..
N'"
C'\N
1:0"'"
....--4'
.... ....
.....-:r
"
.-I
.....
....
'"
.....
-I
.....
-:"II ~
-0-.0 QO
CU"I
. .
'" '.Q
"'<""l
.-I .....
~
'-"
.....
N '<I'Na\
Q\ ..,.......~
.... ""-0""
"
..:r a\"'''''
t-o.. T-I -4'
..... :0
'-'
~I
gl
'-"
-..
N ~'="~
<:> "'Ca'\
a\1-'NNI
'" .... <"l
'" ..:r
...
......
.-. ~"'"":c I
0. ....-0'"
.....\0\........,
I
I
0"
""~..~
.....on
~
,....
N -4' <;0......
=M ....,........
~....j.q'......j
" "
""""I""" ...~
,., - --
.-I ,.,
'-"
....
.....
'"
....
'"
-:l/
:!
~
;;;
~
-..
'Il
'"
""
...
...
U
<:I
"::I
.....
"::I
~ ~
..::l '"
... "11 <.I
Ol :0 <.I
= -I qJ
<:I
'" . U "::I
<II u aJ <:I C
Il'J =....., ~ "a
... <11..0
aJ a"'ll '"
... ~ > -:n
<.I '" oJ
C - ~ -:1.1- s...
-"G>U1)
...... I:: -:J w
...Jo 0fIIII ~ ,.. "..
OJ <:00
C ~ '<:l -;tl
c:J-::::.u~
.... 'Il:: ~
:::I OQ "::l
0;: ~ 0 1..1
:n -...01 ~ U ~
~~J.:E~
~ :::I
S :I
.v
-
fol
'"
~ "2
...... "
...::J.:J'WI-I
~-
>. ..0 ...
~ ':l ~
<:00:>-''':=
<!7 -'
0)10-0
..
::;tl c
::;! u
c...,
<.111 :!!
~cj d
52
e
N
'-"
;:;"1
-.J;l
.....
.,.,
.....
....
.....,
~
~j
-..
~I
~1
'-"
~
'-"
~I
.::1
~i
.....
-..
:01
'"
~-
1.1 ~
.... ...
OJ....
:J C.
." 11
'-'<.I
.v ~
., ::
.,.....
1l-"'<
... '"
<J 0
.: :I
.... ....
:J
Z
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
.
e
e
,
Fiduciary Funds
Expendable Trust Funds
General Trust Fund - to account for assets held by the C1ty
in a trustee capacity for various entities or to
segregate funds to be expended for speclf1c purposes.
Deferred Compensation Fund - to account for all
con tr lbu tl on sand earn1ng s re suI tlng f rom the Cl t Y I S
Deferred Compensat1on program.
Nonexpendable Trust Funds
Cemetery Perpetual Care Fund - to account for all funds
recelved by the C1ty from cemetery users for perpetual
care of the cemetery grounds.
Mausoleum Endowment Fund - to account for all funds des1gnated
for perpetual care of the mausoleum located at the City
cemetery.
City of Santa Monica, California
Year Ended June 30, 1984
I .. oJ. e e
I .... N g/ ~I o~~ ~ 0 ~I ~I
-:t <"'l ~I 0..... -.0
N ~ -I ....... .., .....
!l . ~l ~N .
I"'- " 51 C"'l U"\
-.0 "'l '" I"'- ...., 0'1
.... 0'10 I"'- ....1 "
I . I N1 .....~l .
<ll 11"\ N U"\
.-.l
ill
u 8/ ~I ;~ ~l
re 0\ ..0 ~l ~..... 0'1
0 ..0 11"\0'\ ..0 ..0 "'l
I ..... ,.... '":"'"' 0,.... co
~I . ~l ,....1 . .
U'\ -... -:r :0 NN -:t ,....
" -- :i 0'\ "' I " \0 ("') 0
~ -:1\ 'c: -..01 00'\ 0 ....
....,1 ~ .
0\ ""I ""'N \0 0'\
I El .u ~~ col
~ C 0'1 0'1 :0 :0
IV III 0 ..... N "'l e--.d
..... El ..... 0 .-j I - -I
I <ll 0 3 ~ Of
.... en r:Il 0 ,.... ..... :1\ 0\ ad
.0 "0 ~ ] 0 0 0 01
." = tIl ""' .., .., "'" "'1
"0 ~ ~ IV
Ci:oo
III
I 0..... ~ ::;[
to :>: ~ ..... <C ,.... M 2[
-; ill :::J >,,,, co -:t ..,
...., C 1.1 s.. ~ CO " -..0 ..0.'
:::J :0 OE-< IV .... 51 .. . ~~
~ go. z: .... Ql ..... 0 ", ..,
..... IV 0. ..;r ..... 11"\ '-"'i
>. El 1.1 ..0 '" -.0
I "" ~ a~ .
1:! 0 N N -...
.... ....,
0
::l IV
-< '<::1 C I: ~ ~I
.... ::l 0 ~ ; ~I
I '- ~ ..., "0 -I 0'1
..... IV .u ...., 1
Z -.:r \.<I 1.1 <1l . ~
-=> co 0 \.<I :Q c:o =1
.... :E: < 0'\ ..... IV C ....... r-- .
N ..... :Il :D ~ <lJ ..0 ":1
-< I <ll --:;I IV ~
I ... E-f ..... ,J:l C ~ .. N "'li
.... ::a .u 0 a:I '11 ::I 2:
.0 :Il ......... 'T:lrs. U
-I CI) :! 0 c
..:::
:0: :... IV u ~.u
;n C Q,;o
:.:l => ::l :u ~ ..... ~l ;~ ..., I I ""I Xl =1 ::1 [
I >< c:.I ~ > (:J ;:; ..... N ...... ~l -.CI zl
=- 0 ~ ... :a ~l " ..0 0 ....
... u to., . il "'l'"
u <ll o:l :u ..0 -:r ""I ..0
.... s.. c ..;r 0'\ ~ ~) .~
~ ~ ill 0 lj\ 0'\1 0
:= 0 .
I e ..;r .., ..;r
~ 0
<J ...... .... .... -
....
.. -'=
.... .... .;..l
.Q ...... ..
I S! ::J ~
U 0.. ]
CIl ......
Ql ~ <ll .,
-
<J l::"' 'Jl
C <ll Qj <J :ll
:0 "0 QJ = Ql
I ..... ill ...... g <lJ <ll :n
'11 :l u "" ... :Il
= 1.0 ..... o..j '1l"'::l :)
IV <ll tJ ...... .... <J ;]J -
..... .... --g ":tt ..... ., -' ..... ~
.0 1) ,J:l .... - '11 "'::l ~
(I) ~ r:Il ::I '11 s.. '11 = ... 1
I .... > al '"" -g ..... 0 :: e.o . ....
:u .... <tl '" ..... c. .... ...... ..... .....
:II III "':l <ll .... to i:J {JJ "1:
::D (I) U .... -= .. c :::..~ ..... c
-< ~ QJ CI:l <'Il III ." '11 '"Il "'"1: :tl '11 ::I
~ 1-0 ... .... c. .... 1.1 -:1 -= -' ... "-
0 UI .0 .... C .... e..::! ~ 0
I 8 .... E-" ill '" U e- ~ E-<
.... :0 .... >. ..... 1-0 Iol ,
Cll :Il .... ., u .. 0 0
III 1-0 .... 0- :t.l 1-0 Ol ..... ...... "'::l
> <ll .... IV <ll :Il :Il
C .... .... ClI :0 ell C. () "0 "'::l >
.,..j .. .a IV o..J = C V V ~
<'Il .... ... :Il 0 ., :> > Q
I "0 to - .... ~ 0.. .LJ .... 1-.1 1-0 :I)
C -.:: ... ..J C >< <::I <lJ :u ~
":l ~ o..j ..... 0 c:.I III ..0 al :lJ i-<
:lJ .0<; :l ~ ~ C
.. 1-0 0 Q -:::l =-: Cl::::::
~ <J 0- '" C
":l " 2! ..... ::l
'"
I u -< ..J ~
I 53
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
."
e
e
Exhlbit 29
CITY OF SANTA MONICA
Combining Statement of Revenues~ Expenses and
Changes in Fund Balances - All Nonexpendable Trust Funds
Year ended June 30, 1984
with comparative totals for
year ended June 30, 1983
Cemetery
perpetual Mausoleum Totals
care endowment 1984 1983
Operating revenues - charges
for services $ 28,075 28~O75 31 ~ 141
Operating expenses - other 12,524 20~ 932 33/456 22/463
Operating income
(loss) 15,551 (20,932) (5,381) 8,678
Nonoperating revenues:
Interest income 123,147 23,037 146,184 271 ~ 018
Other 35,275 13,322 48,597 36,817
Total nonoperating
revenues 158,422 36/359 194,781 307,835
Net income 173,973 15,427 189,400 316 , 513
Fund balances at beg1nnlng
of year
2,479,660
293~701
2,773,361
2,456,848
Fund balances at end of year
$ 2,653,633
309,128
2,962,761
2,773,361
55
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
..
e
e
"
General Fixed Assets Account Group
To account for flxed assets not used
In proprletary ~und operatlons or
accounted for In Trust Funds.
City of Santa Monica, California
Year Ended June 30, 1984
---....
~
I
.
..
I
ExhibJ.t 31
I
CITY OF SANTA MONICA
General FJ.xed Assets Account Group
I
Schedule of General F~xed Assets
I
June. 30, 1984
with comparat~ve totals for June 30, 1983
I
1984 1983
Land and land improvements $ 13,588,263 12,234,4.58
BUJ.ldJ.ngs 20,581,451 20,310,121
aach~nery and equipment 5,918,682 4,374,407
Construct~on ~n progress 1,423,211
Total general f~xed assets account group $ 41,511,607 36,918,986
Investment in general f~xed assets $ 41,511,607 36,918,986
I
I
I
I
I
I
I
I
I
I
57
I
'!
#
e
e
-- -
:I-/~~~~A."'~~~~V-::
---.: ~_ I I I 1 J I I I t __..L _ _I I I i ~ ~ ~ f" - ~ - f - 1 -_-=-_ - T
STATISTICAL SECTION
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
Table 1
Table 2
Table 3
Table 4
Table 5
Table 6
Table 7
Table 8
Table 9
Table
Table
Table
Table
Table
Table
Table
Table
_L
INDEX OF TABLES
(Not Covered by Audltor's Report)
- General Fund Expendltures and Transfers Cut, by Major
Functlon
- General Fund Revenues and Transfers In, by Source
- Property Tax Levles and Collectlons
- Assessed Value
- Property Tax Rates - All Overlapplng Gover~rrents
- Ratlo of Net Bonded Debt to Assessed Value and Bonded
Debt Per Caplta
- Computatlon of Legal Debt MarglD
- Computatlon of Overlapplng Debt
- Ratlo of Annual Debt SerVlce Expendltures for Bended
Debt to Total General Fund Expendltures
lOA - Parklng Authorlty Revenue Bond Coverage
lOB - Redevelopment Agency Revenue Bond Coverage
11 - 1980 Census Summary
12 - Prlnclpal Property Taxpayers
13 - Salarles and Surety Bonds of Prlnclpal Offlclals
14 - Schedule of Insurance
15 - Mlscellaneous Statlstical Data
16 - Property Value, Constructlon and Bank Deposlts
City of Santa Monica, California
Year Ended June 3C, 1984
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
'!
..
~
......
;
'"
E--
%
C
.....
f-<
<:,)
z
::l
~
ClCl
o
....,
;j
><
I<l
f-<
;:>-!I
<CO'"
<:,) ..
....0'1""
% "" III
Cfo:l>'
:Ei:&.
<IJ .....
-0:: Z '11
1-<...; ...
Z..: ol
<I-<.....
<Il '"'
~
f:<.o % ~
0-0:41
...
>0 <IJ
E-aJ......
-:.;",
t."l::>"l
~...:
.....
~
%
;.J
Po.
t><
fo:l
~
%
::>
f:<.o
-'l
~
;.]
Z
~
o
l>O
~
.... lit
.... ..
'" III
..... ...
.. '" ::l
Pol:: 0
C tll
...
I-<
..
III
..
;:I
...... u
......
>>"0
o C
I-< ..
0.."
X ~
J>l '"
011..
~ ..
..... III
......
'" ., ...
.. = ;:l
ill '" 0
1>,"
Of-<
~
...
...... :~:u
OJ ...
... ....
0-.:1
!-l C
..
><l
fo:l
~I
...
C
III
a
:u
...
...
...
III
ClCl
~
~
-g~
...;...
tll
lit III
.:.: ..
.. u
'" 'II
'" 1>:,
...... ..
'" '"
.. "
<:I ...
C >
'II ..
t.:l 'II
<n
~~
...
'"
..... III
co S
... "
III ..
C "
III >
t.:l <:1
o
] ~I
e
""
o
00
""
.....
"'"
00
......
""......
00
"" .
~o
>.00
..... ....
<"l
<Xl
......
"'......
....0
...... .
--<t
o
-<t
.....
........
O'LI"\
N .
. ......
N ......
....
....
",.
LI"\~
.... .....
......
-LI"\
-<t
LI"\
o
...........
>.O-<t
>.0
~N
LI"\ ......
<Xl
N
N
00......
0>.0
'"
-"'-
'" ......
'"
LI"\
....
"It.!
>.0>.0
o
-LI"\
'"' '"'
'"
LI"\
..;
00......
......N
'" .
. ......
...... ......
\Ii
o
N
LI"\
.....
I
-:t
.....
'"
......
o
"'"
N
.....
C
-:t
'"
....
0'"
.....0
N .
-0
....00
0......
-:t
'"
....
N",
00 ....
.., .
.",
00
o
>.0
-0'"
..... '"
-:to
-0
..... .....
-:t
o
N
"'......
-10
o
_'"
......
....
.....
eot.!
"'" ......
.....
~LI"\
......
In
o
~,,;
....
,....~
",CO
0\ .
...... ......
<Xl
N
N
........
.... >.0
'" .
~<:>-
0......
00
co
..;
....t.!
.... ....
0..
~.....
'"' '"'
...,
N
.....
00'"
0.....
00
~ .....
", .....
-0
N
N
'"
.....
I
In
.....
0..
.....
LI"\
""
00
~
In
o
N
""...
Ll"\0
>.0 .
_0
eo 0
0.. ......
LI"\
o
N
-<t...
...... 0
.....
-....
o
LI"\
-:t
...
"'...
",,,,
.... .
.0
In ......
....
......
..;
"'...
OLl"\
co .
.0
co -I
'"
N
.....,.e
>.0 .....
..,
-<:>-
-:t......
-:t
'"
..;
00'"
N>.O
'"
-LI"\
..... '"'
",
'"'
,..:
-:o~
",0
..... .
-N
-:t......
.....
-:t
N
....
....
I
-0
....
'"
......
-:t
-:t
N
-:t
....
......
-:t
N
-:t'"
-:to
'" .
-0
-:to
.... .....
......
-:t
N
LI"\'"
O\-:t
N .
-0
LI"\ ....
......
LI"\
....
oo,.e
-:tLl"\
N .
.0..
00
Q\
N
'"
........
-:tCO
LI"\
--<1'
-0
'"
.....
.....
co...
O.r-
-I .
~O
O~
LI"\
LI"\
'"
LI"\'"
'" 00
LI"\ .
-0
-<tN
N
o
...;
00......
0......
00 .
_'"
.... n
o
'"
...::
..,...
00 N
LI"\
- ....
.... ....
......
....
'"
co
.....
I
....
....
<:>-
......
co
LI"\
LI"\
-:t
'"
co
-:t
'"
<Xl'"
LI"\ 0
LI"\
-0
-:to
LI"\ ......
co
-:r
N
............
"" -.0
>.0
-....
00......
....
""
-:r...
-:tN
"'" .
-....
<Xl ......
00
N
....
",......
.... N
o
-LI"\
00
00
N
ooN
-<1''''-
00
--.0
-<1'
N
....
......
.........
N ....
N
-r-.
M.....
\Ii
N
-<1'
0......
-<to
...,
~'"
<0 '"'
o
N
<IJ-
...........
"" 0\
......
~.....
.... .....
'"
0\
c:
'"
....
J
<IJ
....
'"
......
60
-<1'
.....
-:t
<"'l
o
-:t
-:t
N
o
o
o
....
00
-:t
-<tN
......0
-:t
~o
-00
...... ......
0\
'"
N
0'"
0'"
O.
-",
<0
LI"\
00
0",
00
o
.",
LI"\ ....
o
.....
0'"
0......
o
.'"
......
-<1'
-:t
....
O~
0'"
o
-LI"\
'"
o
-<1'
C...
ON
00 .
-LI"\
...... ....
N
'"
","
0'"
ON
00
-LI"\
'" '"'
......
..;t
co
-<1''''
...... -I
-<t
-....
-:tN
LI"\
o
LI"\
o
co
I
'"
......
'"
-I
o
o
o
'"
LI"\
r--
....
.....
0'"
00
o .
-0
<:>- 0
LI"\ .....
....
......
"'"
0...
Or--
o
_'"
-<t
"'"
......
N
Co-!:
CLI"\
o
- ......
..... .....
\Ii
'"
M
0'"
O-:t
o
-LI"\
-<t
N
.....
0...
OLl"\
o .
_r--
c..
.....
"'"
N
0"-'=
0"'-
o
-....
00 ......
'"
>.0
~
0'"
0....
o .
--:t
"" ....
......
00
o
......
0......
oeo
o
_'"
'" .....
-:t
...,
LI"\
......
00
I
o
00
'"
....
e
M
'"
'"
N
....
.....
.....
'"'
""'...
"'0
..c
.0
NO
N ....
....
...
..,
U"\r-!
-:t-o
.0 .
~'"
,..,
'"'
-.0
..,
.....~
N If'l
'"'
~4
N......
....
-:t
LI"\
OOa.J!
-:tLl"\
-If'l
..,
-.0
o
N
....r.e
'" .....
c-..
~oo
LI"\
'"
""
..;
01l"'1
'" '"
'"
"4
'" ....
......
-0
U"\
co...
0,,",
LI"\ .
-N
"'M
.....
......
N
.....
-<ta.J!
00 .....
'"
-U"\
00 ....
co
-0
LI"\
'"
00
I
....
co
'"
......
.....
N
-:t
c
4
4-
""
'"'
LI"\
N
'"
......
....
o
N
-<1'
00
N
o
-
....
-:t
LI"\
\0
....
<::>
....
Ma.J!
'" ""
..,
-0
Ll"\0
...... ....
'"'
4"-'=
....0
N .
~O
-:to
"'~
M
-:t
..,
o
-<1'
""'...
.... LI"\
......
--<1'
........
......
'"
-:t
Ll"\r-!
OM
LI"\
~LI"\
'" ....
'"
.....
\0
0'"
LI"\ ....
....
-....
'" ......
o
00
..,...
..;tN
M .
~4
-<1'-
-:t
.....
.....
'"
Ma.J!
-<t ......
'"'
",c
.....
o
"'"
~o--e
-.:t-:t
<Xl
_If'l
i;
.....
N
N
........
'" "'"
>.0
_'"
-0
If'l
,....
,:,r.e
""'.....
'"
_r--
o
.....
-I
N
...,
-<1'a.J!
N-o
'"
->.Q
0.....
m
>.Q
o~
N 00
.....
.'"
N.....
oe
....
LI"\
'"
<Xl"-'=
.... ....
'"
.....
c.. ....
..,
.....
'"
....
.....a.J!
"''''
-<t .
-<""
'" ...,
LI"\
-""
M
-I
N",
~'"
..,
-......
'"
o
.....
...c~
"......
.....
.....
'"
<::>
N
..,
<""
<Xl
I
N
00
'"
-I
-:t
00
I
'"'
a;l
<:>-
....
'0
.. 00 -0:1
~ . GJ
> '" ...
.".....'"
<g"I~
.... "
- >- "
U ~ ..
....
OJ C '"
;:l..... "
;:;:: U
I 00;
." C
C.... III
OJ C >
...... C co
0...... .t::.
::>00
'II'"
..:> .....
I
-0:1 . co
C.......
;:I"''''
~>.....
'11>-
....t';J.~
'" C
'"::c Q
.. ...
C
<II
-:.;J
-<t
al......
." I
~5~
...:.,.",
.....
~~~
....
.. III "tl
CO;O;: 0
'" ....
"'''''..
'" C ..
lQ.... Q.
~
u'" III
o OJ .c
J: ~ .u
-0:1 ... ..
... '" 0
-0:1'11""
..
.. ... ..
"tl <IJ ..
; s:: i..
l.I-IC.o..I
='1-.:1
C C c
.... 0: .u
;3 c..
o J.J X
......~:Q
.... <II
~ ~ 5
.a~~
L.J t"J -'
'" a:
C ..
... "'II
-" C
'" .. OJ
e~t.:l
...
.....t :IJ' ""'C
-g ~ ;
~....!:..
"'....
Xi :u """"'
'II ~ -:l
....
.... .... 'j)
0\ ::I) =
.... 'II <:I
1.....0
'" ...
.... a: <:I
"'.....c:
........Q ...
><~
f:<.o ..J ::>
...
..c: - '"
:.0 tlQ.....
;:l C
::> ... -:l
... C ..
~ J.J
U <1l a:
..... -:l
p.. ...
.....
C
OJ
=
o
u
-:t
......
, "
M C
...... 0
'" .....
..... ...
>0 ~
~ ~ ::.'l
........ >.
5~~o~
.....'" ..
... ~ ...... !;I)
III -0:1 l>
C. C ""
a: _ OJ
...
i<
IllI
C
...
~
;:
o
..
o
...
'II
-5
'"
...
...
"
c..
"
oG
...
o
<::>
o
...
.....
co
.....
;!
~
~
"''''
'11-0:1
'" <1l
::>
c.....
.. <:1
:> C
c..
'"
::J
C
'"
<:
-0:1
OJ
...
...
-0
...;
......
.....
OJ
U
...
::J
o
<IJ
I ~ .. e e
I
I ~ ~
e.wUlIH>l
oolc:.x:OrU
"ClQl E-< * * dP dP * dP dP * ""
l:::lflJ.w > o<C .., 0 N N ,....j Ltl C'I ,..., C'I
rdtrQlC..-tQl '-
.j.JI::XQll\l...::! ~ N N N Ltl ... ... It'l ...., ....,
I flJoolrdO+J
+J..-tE-<l-lO
:::l QI QI 8
OQ Po
Cl
t::+J ,....j r.n ..... C'I CD CD CD ,....j M
..-II:: r-- \D Ltl r.n 0 '" CD ...., 0
I 'OQI flJ 111 0 ..... ... ,....j \0 0 ...., CI\
!: :::l ll) A:
.a tr')( , 0 '" ... ... ... ..... N ... 111
.jJC:n:l :z 0 GO 0 CD N \D \0 N CI\
.... rtl.-iE-< ...; ,....j ..-t ,....j N .... ..,
....,....j
V :;l III
I ..-t 00
.a
III . ~
Eo< >ls::.jJ..-t
n:l 0 ~ III :> ... '" "" r- "" r- CD 0\ <:0 <:0
E-<.-iQl.j.JQI
.wUO...:l CSJ C'I 0 m .., co co ..... co CD
I M 0 1-11:-1 CI\ 0\ 0 0'\ 0 0\ 0'\ 0'\ C\ 0'\
IllQlIJ) )( r""i .-!
.j.J....p..~rd
0.-+ OE-l
E-< 0 1II
ulOl:
(/)
I z III
0 C r- '" eX] Ltl 0 r-- N ... .-i N
H 0 a- N ... ..... ID ,..., r.n 0 0 N
E-I o-i <:> 111 M r- Ltl \D r- .-i N CD
U .-I .j.J
~ n:l >l 0 N ..-t M C'I <::I CD Ltl ,....j 0 M
...::...:ltll .j,JlllaJ ,..., N r- ... "" 10 <I' CD N ,...,
I U...::!1o-i OE-l..-t r-- .., ... CD \0 CI\ \0 M .-i '"
HOrU E-I .-t
ZUQ) 0 .., ... ... ... .-I N .., ... Il"l Il"l
o >< U <J).
:E~.-i !J)
o<C<'~ .jJ I:: M .-i ,..., <:> M t- <:0 <:l' 0\
c: 0 ... r-- 0'1 d'l .., m N Ltl '"
I E-<CIlIII Q) ...; N CI\ <:> ... III ... m <Xl \0 N
Z::z:J.-i :::I +J
,cCHr... C'>lU ~ <Xl :TI N CSJ M '"'l r- eX] .-i
tIl> c: I'll I:! , ... ... \0 r- \D C N CD N
",,!:<:It:: o-iE-<..... :z .... .-t .-I N
OHaJ .-I .....
I Eo< QI 0
><~.w 0 U
8....111 'tl
H l\l .w >.'11
U>tH C:>.w
E-I QI aJ 0 lJl <D N ... ... \D 0 0 N m
l:tj OH aJ
I ~ '"' ..-t CD CD CI\ CD <D '" v:> ~., Il"l ...
p., QI~.... a- a- a- a- '" a- d" a- '" CI\
0 IJ.OO
l:tj U
l'lo
<Il
C ..... \D r-- N 0 ... If'I ...., r- ..,
I +J 0 '" CD r- CD r- 0 If'I ..... ... lf1
t:: ool 0 111 .-I N a- N r-- N III lf1
QlX.jJ
'"' III 0 N "I ... ..... .... LO N "" .-I N III
H E-I QI .., ..... N <Xl lJl CI'I ... Ll1 ,., .-i 11
:l .-I ..... N ... ..... U"I CD I1'l N '" ... QI ....
U ..-t ...... IJ)
I 0 M ... ... ... .-I N .., ... ... Il"l .a 0'1
U fI)- ~ e
.-I 0:::
.-i
~ N 0 N ..... N '" N ... ... ... I'll :II
,....j - 0 CD ... '" \D <:0 ... '" r- '" :> 0
ell X::' IS") '" ..... ... N N M ... r- 0 o<C H
I +J I'll
o Eo< :> r-- M ..-t Ll'l 0 CO CI\ Ll'l N Ll'l .w .....
E-I Q) CD N \0 ...., .... CI\ W I"'- CO 0 0 0
H r-- M ... CO \0 CI\ v:> ... .-I ..... Z
>..
M ... ... ... .-i N M ... l/'l <t"l flJ .j.J
<J). I:: C
I 'tl I'll ::J
s.. <:J V 0
<:! '"' Eo U
QJ ;::I
>t tJo<C
IS") \0 ..... CO CI\ 0 .-I "l ,..., ... <lJ'
.-I r- ..... J-- I""- ..... CO CO !Xl CD CD tIlZ a
I III I I I I I I I I I I ()
0 ... <t"l ...., ..... CD '" <::> - N M i-l
\Il r- r- r- r- r- r- CD ::c 0::> co ::J
...; '" '" '" '" '" '" '" 0'1 '" '" .-iN 0
"" .... .-I ,....j .... ..-t ..... ..-! .-I ..-! .-I (/)
I
I 62
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
~
"
e
e
Table 5
CITY OF SANTA MONICA
PROPERTY TAX RATES - ALL OVERLAPPING GOVERNMENTS{l)
Last Ten Flscal Years
Flscal Year
Mlscellaneous
School Speclal
Clty County D1.strlcts D1.strlcts Total
$1.19 $4.35 $4.47 $.51 $10.52
1.19 4.52 4.65 .52 10.88
1.15 4.46 4.76 .44 10.81
1.05 4.25 4.37 .45 10.12
4.01(3) .22 .28 4.51
4.00 .14 .22 4.36
4.00 .13 .17 4.30
1.00 .02 .05 1.07
1.00 .02 .04 1.06
1.00 .02 .04 1. 06
1974-75
1975-76
1976-77
1977-78
1978-79
1979-80
1980-81
1981-82(2)
1982-83
1983-84
(1) Property tax rate lS per $100 of Assessed Value.
Prlor to 1981-82 Assessed Value was 25% of rearket
value. Slnce 1981-82 Assessed Value equals full
market value as deflned by law.
(2) Effective 1981-82 Propositlon 13 allows Jurlsdlc-
t1.ons to l.mpose rates over the $1 base rate only for
bonded debt approved by the voters prlor to 1978.
(3) 51-nce 1978-79, the maXlmum allowable rate 1.S levled
by the County, property taxes are collected by the
County, and the County allocates the Clty'S share lTI
accordance wlth dlstrlbutlon formulas establlshed lr.
law.
Source: Los Angeles County Audltor-Controller.
64
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
~
..
e
e
CITY OF SANTA MONICA
Computat1on of Legal Debt Margin
June 30, 1984
Table 7
Net assessed value
Plus exempt property
Total assessed value
Debt I1mlt--lO percent of total
assessed value\l)
Amount of debt appl~cable to
debt 11mit:
Total bonded debt
$17,925,000
Less:
Assets in debt serVlce funds
ava1lable for payment of
pr1nclpal
1,663,531
Total amount of debt appl1cable
to debt I1mlt
Legal debt margln
$4,438,215,454
206,987,948
$4,645,203,402
$ 464,520,340
16,261,469
$ 448,258,871
(1) Per Sect10n 607 of the Clty Charter, bonded indebted~ess of
the C1ty may not exceed 10% of total assessed valuat10n of
property wlthin the C~ty, excluslve of any l.ndebtedness 10-
curred for the purpose of water supply or sewers or storm
dral.ns.
66
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
..
"
C1\
aJ
.....
.Cl
n:J
Eo<
Cl
J:a
Q
Z
o
a:l
o:;~
00:;
r...=:l
cn=--
ILl 1-1
c::Cl
:JZ
E-t~oo
.cCHXI-I
~~ILIn:J
Ze:.l Q)
OP-lE><
~X~.....
1LIr...n:J
,:t CJ
81L1....:lUl
:ZU,c(Pol
a:l-lo:;~
tIl~r.:l
....ILIZi:
OWr:YIU
(,:;lE-t
:>-18....:1.\..1
E-tClJ,q;tIl
H~E-t<ll
U-OH
HE-<
,:to
~E-t
Zf't
a:l
r...~
OC
o
H
E-<
.cC
c::
Q)"O
o r:::
Pol ::J"
::>or...
\.I
aJ ..... (II
CIln:JaJ
H ~
+)aJ:l
.ClC~
QJ QJ .-I
Cl~"Cl
c::
~.....QJ
o n:J
-I-i X
o o ILl
.-1E-<
.-IJ
n:l 0
C::+J
'OUl
c:: Q)
::J" l-l
'""'''-<::l
n:J ~
+J.....Pol
o rrJ "0
E-<l-lC
Q) Q)
C
Q) X
~r.u
'""'
n:J.\..IQ)
+J..QCJ
o QJ ,.,
E-<Cl:>
l.J
Q)
en
.....
N
+J
to
Q)
l-l
III
.-IJ
C
H
~
l-l
n:J
1lI
>t
.....
n:J
U
00
,.,
....
""
Vl
N
\0
o
a;l
\Q
F"-
...,
a;l
.....
~
Vl
'Xl
o
q<
\Q
....
~
Vl
a;l
o
""
U"'I
N
<I)-
o
o
o
o
.....
N
(J1.
I.C\
l'
I
....
.....
C1\
.....
.
rIP
"'"
N
o
...,
N
F"-
a
""
a.
.....
o
o
r--
U1
\Q
""
o
o
l'
II'l
.".
N
o
o
o
o
N
N
\C
l'
I
II'l
....
C1\
,....,
dP
,..,
N
,..,
Vl
\D
co
C1\
~
o
N
u1
N
C1\
\D
\D
"'"
Vl
N
C1\
OJ;:>
1"">
N
c
o
o
o
,..,
N
t--
....
I
OJ;:>
r--
0"\
.....
dIJ
C1\
.....
""
""
N
.qo
....
'""'
<Q'
N
o
\Q
l-
I-
\Q
"'"
o
\D
r-
l-
N
N
c
o
o
o
"""
......,
ao
r--
I
l-
t--
0'1
.....
dP
'"
,..,
co
Lt'l
Lt'l
<:I'
LfI
co
'<I'
N
,..,
......
,..,
C1\
Ll1
C1\
M
M
M
C1\
o
r--
o
o
o
o
Ll1
N
0\
"
I
co
.....
0'1
rl
dP
o
\D
""
'""'
"""
M
o
""
'<I'
N
co
l"'-
,..,
l<"I
u1
<:I'
M
co
r-
r'1
c
C">
.....
.-I
o
o
o
u1
\C
N
C!
co
I
0'1
r--
0'1
,....,
<Ii>
\Q
....
o
o
o
C1\
Vl
I"'-
......
M
co
qo
ID
q<
Ll1
'<I'
M
co
""
co
C">
I"-
......
.-I
o
o
o
u1
l"-
N
.-I
co
I
o
co
C1\
......
<Ii>
M
"'"
M
1.0
\0
N
N
r--
l'
M
M
Il'I
""
<:0
N
\0
r-l
M
Lli
C1\
'""'
1.0
.....
.....
o
o
o
r-
ID
....
N
<Xl
I
.-l
<Xl
C1\
.....
68
<Ii>
r--
....
.....
N
""
o
""
""
""'"
M
<Xl
o
N
1.0
N
1.0
r-l
00
o
N
\0
M
'""'
.....
o
c
o
o
0'1
....
M
co
I
N
<Xl
'"
r-l
e
511
"OQJ"l.I '0'
O,J:;Q,loQ ~c::
Pol.j.Jl.ICOIl-4 i:!IPol
l.I n:l I O~
Q)C~C"lUl .....l-l
O".-I.....r--Q) ttlQ
Q)"'l-l "Cl~.j.J
l-<~.-\::J" C.
Q)n:l >t+) n:JQ)Q}
ZQJ'a.... .coo
o.a.(IIQJ 'COO,:t.\..l::l
Cc::QJo
~n:J.-IPolQJUl.....O.j.J
)...j 0. 0 .j.J C
O.j.JratnXo. 0
(:r"OI.lCILIl-lln"O::l
C..o.-l ::lQJPoltJ'
~ c '0 0...-1 n:l -~
'''OHCC ..Qp.ln
~-Pol ~::l C n:l ~
::l'"O 'Olr... OE-< (!)::l
o O1QJ (/] )...jUl
~~..QM;::~l1ll-l
mer::: ,1tI <ll (II 0
10-1 ::s c:: lo-l l-l a.~ (II <1-0
dl~II3Q)Q)e QJ
l4-I .-I:>CO.j.J::lUl
III Ole.. Q) Q) (,)..0 S::.j.J
Cc ~~ Q}Q}r:::
((1""0 l-lo:>Q)
l.I ~ C ::r:: 0 Q);::
~oo .\1-1 l-lQj
......,., '"Cl .j.J Q)
.-I.(-J .C'OU'OH
g'om 1Jl::s-:u ~C 0'
..,.....aJ,o~.j.Jo::lf:j
~ l.It:; JlJl-l~
tt:lQ)()::s....-l.J.)c;:l. UJ
~.cGlr...rtl1Jl .....~
Q).j.J0:; H~.j.J~O
a..C'OHaJ c\U.-i
o ~ ~ w ~ C ell C ~
n:J.j.J~<lI5<1l<1l
'Om.!!:! llJa.t:l;>
c'J}t]l"t..oo H
rnl-iC aJ ....-IaiO
::l .-I tn.c IlJ Q) ~ "lj
.j.JVlC::~:>:>::lC
III ~ .-I ~ Q ell <ll _
Q)'O~~O.c'Cu
i-I t:; \..I .j.J -:IJ Q} >-
::I Q) (!) ~ c: 0\ C::..o ()
.j.JQ..>.-Ir-- c:
.4X-o 'CQ)O
'OWo<t:t'OCD~lo-ltT
t:; Qlr--O<!).cC
Q)' .Q).j.J0"l.j.J..c
Q.O"lu'"''ti.-t;;:: .j.J
X r-- Pol ~'" >< ~'O C
\UIUl PolIi<O\UQ)
0:)::1 ..... Cl4JE
"Qr--;:;:aoO (nO
C(J\I 1Il.J.)'tl....;C
..... '"C J:: .... .....
::l>ot:;"CQl,(l'" (jJaJ
....~I'llCUr--1'll >u
~ ra I Q) <1l .-i
...... .c 0. q< >"'.1 '0 :>
I'll 0'1:J.j.J ~r-- +-' <tl (]) H
Io-I::l CA(J\.-I C!:::J
GiO Q)Q).....l-lC/l (I}
c:l-i"S~>tO.j.J'O
(I).c"OQ) ~..cUc.j.J
C).J-lCHUJ .j.JQJrd..Q
::lo-l'O"C::lr; C)
\t"I to.. +-l C 0 o:t: 0 >'''0
Ul r-- (IJ:l -.-1 l-l.JJ
1lJ' r-lc::.... H 0'0..... c:l
'"OooS'1ll ll.lC I-<u
;:I.....l.I ,'J}O'....Q) OC::
.....<:I\(I)~(II ..I<(II..c~
U.....CH<l)CllHCll.j.J:....;
.. c>t Q) 11l.c.c n:l.c ::l o-l
~Hto..t!)c;:l..j.J~a..E-t A: '-1-1
8~
0..... N
z-
l!"I
N
\0
.....
r--
o
N
""'"
0'1
Cl
""
<:0
N
\0
.....
'"
c
""
CD
C
~
.-l
o
c
o
o
N
In
""
co
I
1""1
CD
J\
.....
I .. 1l e e
I
I +J
~ .... ~ 0
I1l [/I Q)
I CO ...... N If) a.,+J n
..... ,.., r-- 0\ .-l C C Q
o Q) a '""
.-t .-I ..... .-; C fi Ollo
.-\...-1
i-l...-l a +J
0. III +J J:; H
I +I ~ III
Q,l1/l'OSQ)
M If) a <"") \0 .cCQ)a.,>r
N .-l """ 0 cr.. ~""1ll0
(J] M N '" 0'1 If) :;lQ).....
+l ~l C...-l > ra
e ,.., N f- a a .-l n:l Q)QjO
I c:l Q) r-- 00 III ll"I t(') ;j1.!'1:!(J]
a = .., 0'1 .-I ..... ... UI J:: Q) Q) ..t
..... Q) '0 J::):er::....
I.! .-t .-l ..... .-t C III
Q) .-l <n- o ";IJI!::O
..... :I CQ S"C:l)oo
.c Q) l!.I a I
I ra Ql M Ii"l a <"") \0 Q) (J]Q)+JO'I
E-< &l: +J N .-t ..,. 0 0\ :;l ocr--
(J] ,.., N N 0'1 It'J C C 0)0'1
Ql Q) -:tl ..t I-iO...-l
0 i-l M N Ifl 0 If) i> 0.0
..t Q) l"- co r-- \0 ..,. Q) QJ al
:> +> """ m 0'1 C'I m l%i I-i '"0 Ill;::
I li:3 '"" C ;:lc..c+l
t.? Ql .... .-t Q)+lO+l
trl <n- (J] 1Il..o tTI
"l: I1l 6 s:: c
g:;
~ +I Ql I!J ..t ..t
:>~ .c ) <:J 0 0 ..."O..c..cH
Ql a 0 0 eE-<+J:I
I o+' 0 C> 0 0 tT1ra .-.I'"C!
UO C 3:
Ql
0""" N 0 If) ..t QJ . lI.I
'Z 0 a;l '" 0 ~ \..J, co \.<+l
':=01-< ...-I .-t '" \..J,;:l0Q) C
UalP, (II. Ill+'O+J Q)
I-i p., IllN C Ei
I Zl"il-IJ a 0 III
Q:JC '0 ~ 0 H
:::;: :z: Q) Q) C.-\ ..t
~ = ;:l ,...; tTI::l
.:=:> Q, IJI L.I i:: 0'
E-< ~ 0 ... Ill.-t (l) ..t Q)
;z:a:..... Ql 0 Q) .-.IIll..o 0....
I .:c Q) :;l~ 0 r-- ...-I It'J C\ ..t E 0.
(1)>0::- i:: ..t N ...-I co N >ri-lalOCl
U(l) aJ Q) > C\ \D ..,. \D o III u..c 0
tt..Z'tl :>..... ... c !Il <:l Ul ..t
O~Q) 1I).c Q) .., It1 1I1 N Q) 0 >
00: a:flltrl 1I1 ...-l ..... qo C'1Q) l-l i-l
><< .-\ .-\ <0 C\ N <:\.<'lI00
I E-< C +>..t+J III :;l ,...., tIl
....83: 1IIll..o .-t .-I ..... N -IJ 'Ora
UZO Z:>Ql e (J] Ei+l
~+> oI::C Q) eM ..0
::;:c: E 0 Ii"l <1l Q)
p., 3; a.,..t'" "0
00 a+> ~ '""
I ~o .....IllNO+>
li:3- 0 ,...., ..... 0 Q) tTIlI1 """ (].I
:> ~~ ...-l \0 0 N :>.-.1..... S
~ J:;Ul .-t '" ,.., 1I1 Ill..-l ~ Ul
C +> -I l]) 'O.c...-lQ)(J]
li:3 O+JUl N co co N l])Q<n-,""'O
0: 11 III C ..... 1f"l .... u:> g:; :I C
I '"" ... (!l If) \Q N ..c:....+>o
"" G) Q)OOUaI
o Q. x ;:::1 '='
Oli:3 3; E-ttrl+'l-lQl
0 C+J.!:
..... QlUI+l
I Ql co E
CQ ..... qo N C\ r-- 0 >< C'1....
Ul M I"'- C\ ..,. 0'10 <t:! C 0
Ql III 0 C\ r-- ...-I ...-10 0......
Ul ,.J +J ~ Ul
(J] C 0 ..... M M III ....O.-l...'O
0 Ql Z N r-- 0'1 0 0..... ill III (i)
I H :> N 0 tI'1 lfl ..,.co..Ql
OQ) IJ) '"" ~" 0
i:l: 0 ...-I N N N <:l..,...... 0 0
Ul .c...-l ::: s..
Ei<n-Ql4-lP+
Q) ..c:
u....+>+l
I l]) 0 U
L.I 0 ..c:::l III
lC E 4-l I-; Q)
Q) C :;l..t+l '""
>0 I-! (J] ::: Ul ill
0 .... N M ..,.
..... co co co co co
I <ll I I I I I
0 0'1 0 +-I N M li:3
Ul r-- OJ :xl co co 8
..t 0- C\ 0.. 0- 0- C
~ ..., ..., ..... ...-I ...-l Z
I 70
I .... .. e e
I
I N
.....
III
.-\
I ~I '0
'I-lGl
o !/l N
rh c:
GlQJO dP <IP
I 0'> [/] -.-I \D "'" 0 CO lfl C'l ..... CO \0 ~I:II
RlIII~ r-- tf1 N r-- \C It'l It'l qo "'"
+l..:t:Rl
c: ::3 ..... ..... .....
III .-\ .....
l,) III III
I l.l+J>
Q) 0
lllc-o
I .-\ .-t N M lfl ..... N C\ I.Cl 0 "<I' ""I <PI,
CO r-- 0 \C M 0 lfl I.Cl 0 CO ll' .......
J:: If) "'" C'l r-- C\ ..... r-- \0 N C; ~ 0:1
't;l 0
M (11-.-1 ..... r-- r-- "'" CO r-- ,." 0 "" 0 "<I' ",'
I tclll~ 0 M N .... CO \D I.Cl N "'" \D .... ""I
00 I 1Il III "'" 0\ CO CO r-- <:I' N 0 (") .-I 0 (")1
c:r: NQl::3
~ COt/l....; 0\ 0 t- O In l"'"l 0 0\ CO LJ"l ..... 11
C'llllro \0 I.D "'" M N N N ..... ..... ....... <""
>< .......:t:> ,." enl
<,.:(
I U~ if
H>C: <Jl- {J).
z<(""\
OE-tc:D
::!:><en +J
I <Eo<.-I
80::; c:
Z 1z.l ~ <Il
<~c E
rno<'1 lI] tJl +l tJl tJl !I]
1iog:Q) t/l ..... (Jl ,..., ..... ..... Q)
(]) III (]) c: III III I1l ....
I o c: c: ~ ::> l.I n:l +J +l ~ .!::
...:i ::l -I c: J:: Q) 0 c: c c: ~
><,.:(1-') Ul Q) H c: ...:i (]) GJ (]) .....
80.. :l 0::; 3: 0::; ~ ~ -I
HH ,:%l QJ 0 '0 ill n:I
UU .-t .jJ ;:: .-t .-\ +l ..... :>
I :z I.I-l ro ill +l n:I P.l III ro rtl '1J
H 0 r-I +J ....... C .-\ ~ -I +J ~ 0"-
cr: l,) tI) III QJ tI) III l,) {) tI) U .j.J c
~ (]J l.i ril +J s: 0'> +J l.l l-i f;rJ l.i o ~
QJ .-I .jJ c: .-I QJ Q) ~ c:'U
Eo .-\ 0.. \..1 -I 0.. ~ E ,..., c
Eo< E nj tI) III :> rJl E ra E ...... ~
I 0 Gl 0 0. rtl 0 0 0 ill 0 ...... 0
U 0::; ::::: .:: tt:l ::z:: U U ~ U 0 l.l
"-'
0
>::.;.J
III
I ;:.. :]) .jJ(J)
.j.J +l ::; :l
C Q) (Jl .-' ~'-::I
QJ '"" 0 <:l (D
e ..... tIl f.) >. .j..J > I :::
.jJ rtl O1c 0 C n:I M3
(Jl oW l.l c: 0 00 tIl l1J '"" 'U 000
I Q) <1J '"" OJ .-I ~ QJ 0.. U ::J en '0
::> {) a. >. ::>+l ..... +J '.j..j E 0 !Jl .....
C III tIl l1J III III III l1J 0 0 Ul tIl >1'0
H M 0 0. tt:l o-i +l -I U tI) :v ~'1:l
0.. :z:: >:: l,) ...; {) QJ ..::r; !I] '1]
-.-I n:I .-t 0 0. 0 l.l +.I !I] lh
I 0 ro I1l I1l E-t n:I I1l rJ.I m .j..l ro m ro < 0+.1
l.i U C j...j rJ.I 0 [/] c () QJ U 0
::i o-i 0 C ..... :v..::r; - .:: QJ .-I 3: ,...; >, ,.....; c
....
u c: .-I .c l1J '-::I U c: c .j,.l ~
I 0+.1 0 ::i W C c: tJ 0 QJ 0 ~ III ~~
>.>. ~Ill I-:l '0 ....10 nj !II ......;E l.I ~ c..; I +J ("J
III C .., -I 0 j...j E-< III -I I~~
I .-t I1l Il$ U +l :> +J....:! Q) "- U rtl .c rj
u 0.. +l 0 c: ,...; t/l ..c: QJ .-I-IJ (Jl -IJ '1J
l.l E C L1 .-I '0 l.i'O +J .-/ '0 C ...... C -IJ
n:I 0 n:I Ul C1l C. N C ::3 (j} (]) n:I o-i ro ~ .......""
IXlU Ul< U) H "'" Rl ...:; E-< ZOO :.?: u:i 8 ~~
I
I i2
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
..
.
..
Type of Coverage
General Llability:
Self-lnsured
Excess Llab.1..l.1..ty
Bus L.1..ablllty:
Self-lnsured
Excess Liabll.1..ty
Airport L.1..ab.1..lity:
Self-lnsured
Excess L.1..abl1.1..ty
Bus Phys.1..cal Damage -
Self-lnsured
Auto Physical Damage -
excludlng Buses
Plre and Extended
BOller and Machlnery -
All Vessels
e
Table 14
CITY OF SANTA MONICA
SCHEDULE OF INSURANCE
June 30, 1984
Detalls of Coverage
Bodl1y injury and property $
damage
Bodlly .1..nJury, personal
injury, property damage,
automobile 1iabl1.1..ty,
errors and OffilSSlons,
(excess of $500,000
self-lnsured retention)
B. 1. /P . D .
B.I./P.D., errors and
offilssions (excess of
$100,000 retentlon)
B. 1. /p . D .
B.I./P.D., alrcrafts of
others (excess of
$100,000 retentlon)
Fire, theft, vandallsm,
wind, hall, earthquake,
flood - SIR - $5,000
per occurrencej
replacement costs
Fire - $5,000 deductlble
per occurrence
Flye, llghtnlng, wlnd,
riot, etc.
Rental income
Valuable papers
Data processlng equlpment
Property damage
Rental lucorne
74
Llablllty
Llmlts
500,000
20,000,000
SIR 100,000
20,000,000
100,000
20,000,000
Replacement
costs to
15,000,000
3,840,970
51,367,000
396,860
500,000
500,000
500,000
125,000
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
'I. - -
e
e
Table 15
CITY OF SANTA MONICA
MISCELLANEOUS STATISTICAL DATA
Year Ended June 30, 1984
Form of Government: Council/Manager, seven council members
elected at large, four year terms
Land Area and Use
Land Area
Land Use (1982)
Resldentlal
Commerclal (retail
and offlce)
Industrlal
Publlc Recreatlon
Other PuhllC and
Quasl-Public
Circulatlon
(streets)
Vacant Land
8.3 square mlles
Percent
44.0%
7.2%
6.9%
4.4%
8.1%
28.6%
.8%
Total
100.0%
Source: Table 1, page 17, City of Santa Monlca General Plan Land
Use and Clrculatlon Elements 1982-2000 (November, 1983).
PubllC Safety
Fire protectlon
Number of employees
Number of statlons
Pollce protect~on
Number of employees
Number of statlons
101 sworn, 13 nonsworn
4
146 sworn, 118 nonsworn
1
Recreatlon and Parks
Descrlptlon
Number
21 (90.33 acres)
220 acres
9
2
5 ( 4 )
4 (3 )
5 ( 5 )
2
1
19 (16 )
1
121
45
Parks and Playgrounds
Beaches (Westslde of Clty)
Tot Lots (Playgrounds)
Gyms
Softball Flelds (llghted)
Baseball dlamonds - Adults
(llghted)
Baseball diamonds - Youth
(llghted)
SWlInInlng Pools
Soccer Flelds
Tennls Courts (llghted)
Golf Course-Nlne Hold (3 Par)
Plcnlc Tables
Bar-B-Qs
Other facllltles lnclude: volleyball courts, bowlln? green,
horseshoe court, boccle court, shuffleboard courts, basketball courts.
76
,
e
e
Z~/--eJOZ-
FI:CMD:]w
Council Meeting: December 13, 1983
Santa Mon1ca, California
TO:
Mayor and City Council
~ - l
ii.S~ .r~ ? ~~~~I
FROM: City Staff
SUBJECT: TRANSMITTAL OF COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR FISCAL YEAR 1982-83
Introduction
This report 1S to transmit to the City Counc1l the C1ty'S
ComprehenS1ve Annual Financial Report for FY 1982-83 as requlred
by Sect10n 1516 of the City Charter.
Background
The City Charter requires that the City's financial records and
systems be examined by a qua11f1ed accountant, and that an audit
report be submitted to the Council. The attached Comprehenslve
Annual Financial Report for FY 1982-83 contains the results of
the
aud1t
work performed by the City's certlfled public
accountant, Peat, Marwick, Mitchell & Company, and 1S submitted
herewith in conformance wlth Charter requlrements.
In prevlous years, this report was entitled the Annual Financlal
Report.
The title has been changed to Comprehensive Annual
Financ1al Report to reflect the incorporation of annual flnanclal
statements for the City's Redevelopment Agency and Parking
Authority (previously these statements were only issued under
separate cover) and the incorporation of various techn1cal
1
~-T
Dti.. 1 J ~J
F-
e
e
changes to meet fully accounting and financial reporting
standards of the National Council on Governmental Account~ng.
Report Highlights
The follow~ng are highlights of the City's Comprehensive Annual
Financial Report for FY 1982-83:
The report was prepared and published by November 30, 1983.
This is the first time in the history of the City that the
annual financial statements have been completed in such a
timely and technically complete manner as to qualify for
considerat1on by the Cal~forn1a Soc1ety of Munic1pal Finance
Off1cers and the National Mun1c~pal Finance Off1cers
Association for their prestigious Certlf1cate of Conformance
in Financial Reporting awards. As a result, award
appl1cations have been sent to both organ1zations.
This is the first year that the City's financ1al statements
have been prepared 1n full conformance with Generally
Accepted Account1ng Principles (GAAP) as set forth by the
National Counc1l on Governmental Accounting and the Amer1can
Institute of Cert1fled Public Accountants. As a result, the
City of Santa Monica will receive improved credit ratings and
more favorable 1nterest rates on future debt issues,
demonstrate 1mproved accountability
financial community, and provlde
information to City management.
to taxpayers and the
1mproved financial
2
e
e
Th1S is the second year in the City's h1stOry that our
auditors have issued an unquallfied opinion. The first year
th1S occurred was FY 1981-82. Previously, qual1fled opinions
were lssued because the City had not maintained an historical
record of its general fixed assets.
The following are the key FY 1982-83 financial operating
results:
a) Total City assets, liabilities and fund equities (for all
funds) changed as ind1cated 1n the following table:
FY 1981-82
FY 1982-83
Change
Amount Percent
Assets
Liabilities
$209,487,643
52,966,093
$211,652,658
56,521,230
$2,165,015
3,555,137*
1.0%
6.7
Fund Equity
$156,521,550
$155,131,428
$(1,390,122)
(.9)%
*
Primarily reflects an increase in Claims Payable in the
C1ty'S Internal Service Funds.
b) Revenues for the City's general governmental funct1ons,
consisting of the General and Speclal Revenue funds,
totaled $44,335,377. This represents a 6.5% increase
from FY 1981-82.
c)
General governmental funct10n expenditures
$44,250,341 which reflects a 9.7% increase
1981-82.
totaled
from FY
d) Net lncorne from all of the City's enterprlse funds for FY
1982-83 was $3,942,220.
As these key operatlng results and the additional detailed
financial information presented 1n the attached report indlcate,
the City is in a strong financial condition.
3
. .
e
e
BUdget/Financlal Impact
There is no FY 1983-84 budget or financial impact from this
report.
Recommendat1.on
It 1S respectfully recommended that the City's Comprehensive
Annual Financial Report for FY 1982-83 be rece1.ved and flled.
Prepared by: Mike Denn1s, D1.rector of Finance
4
---
AIl.THUll. P. Ran
CeuJ&N PUlx: AccoDmaat
BUNCHE]OHNSON FB.BID&AN
.:? t? 1- t7 0 / Pabhe A=botao.
~~
i
HARRY L. NOURSE AUDIT CO.
~
August
~4-
PRESENTED rrQ
10, G46fY eou;' ~. '- ,
L.
SEP 2 6 1967
THIS MUS'!
RET CRNED T' ,
CITY CLERK'S < 1 I, ~..
FOR FIL1~l,. . '-.t..
~
SUITE 222 PHONE EXBROOK 3.0471
409 SAXTA HO~ICA BOL"'LEVARD
SAXTA M01';ICA, CALIFORNIA 90401
The Honorable City Council
City Hall
Santa Monica, California
Gentlemen:
We have had the honor of serving as your auditors for the past three fiscal
years. The present contract w~ll expire with the completion of our report
for the fiscal year ended June 30. 1967.
We wish to express our desire to continue to serve you in this capacity. Since
we have audited the accounts of the City for many years past our staff con-
tinues to be qualified to assume this responsibility as evidenced by our past
reports.
Since our current contract covered a three year period, our proposal is for
the ensuing three years, or for any period, for an annual fee not to exceed
tbe following:
Fiscal year July 1 to June 30, 1968
Fiscal year July 1 to June 30, 1969
Fiscal year July 1 to June 3D, 1970
$ 12,500.00
13,000.00
141000.00
Total for three years
~ 39,500.00
Computation of the actual annual fee, subject to the above limitation, will
be at the following hourly rates:
Partners
Senior Accountants
Junior Accountants
Typing and Clerical
June 30,
1.968 and 1969
$ 14.00
12.00
8.75
3.85
June 30,
1970
$ 15.00
13.50
9.00
4.50
Very truly yours,
HARRY L. NOURSE AUDIT C(lofPANY
-~~/ ----------- j
/ I - / ,-~- ,
I; ,,- ----" ~/
~r'-drj~f- '/[/- > ~ ~
Certi~ied Pub~untant
AFR/mf a
. ,...
2t?/- 00/
CITY OF SANTA MONICA
~ r-' T E 1'\ DEn. ~\ ~ l"j\' ~ r. 1\1 T
n'J ki - r M-Ul.. '1d t.. l\1
t4 E .~1 0
T-_(_r;""'T""";
.l...J.-'J..t:..
196L
'7C~ ~
IJREH~ T()r
lilt1'\' U('UNCli~
t ~!:: 1 2 1964 ::>
c-;:.
'l'"U}(o;: U" UT':;'l~ _ ):"0-
J! k'l'U -.in ~ Bltl C
klrf ..It D TO ')1 U
UJ1'Y ULEBl['8 0 AI-r,
Jr(Ut .r IJ"...."-' .If M' LU .
~U.
uw:r
~~
...;..,
TO
l. fl. ?.3Yc., Act::.ng City l\'lanager
FRO~:l:
i. ~. ~Qore, Director of ?lnf4~Ce
SUBJECT.
1964-65 ~~~ual Audit
Charter Secticn 1516 requlres t~e C~ty Council to nrovide fc~ 8-~
lndependent audit at the beginr.lng of each fiscal yea~.
~c~cll Fesol~tion 2396 adopted Dece~ter 13, 1960, es~abllshed a
po:icy of retainl~g tee s~~e a~dltor for a period of t~~ee years
&~d a na~iona11y &~own audit fi~ every fourth year
1964-65 will ce the start of a~o~her ~hree year period. The fim
0: ?~ice Aaterhouse and Company is now comp1eti~g the audit
contract for 1963-64.
Attaciled for Counell considera~clon are Tc '~_SJ:"S :'rOill t"'ivQ local
a-.J.c.i t fims.
I ~O~C like ~o point cat ~td=
:--.::eser..t COiJLc~l
POllC;]""
0=
- "",
u....&._
c~a~glng aud~tGrs is expenSlV2 !~ost g0ve~~ien~al ~~encies and
?~aC~lcal~y all private b~sir.c~ses L~ploy an audit fi~~ on a
con~:n~i~b bas:s. A~dl~ f~~~~ ~ll~ ~~ an hourly ra~e ajd when t~ey
acce?t an audlt :'~~ a one Y2a~ Derl~c, O~ even t~~ee yea~s, It lS
r:.ecessary :~Gi' a ce:-tain a.a~o~_...... \)f" Y2~;r;:.:~ t~at l.-Toclc. not se r...eces-
sary i~ they ?e~~G~ed ~he a~c~t ea2~ year.
:t is :-.y re~ :.::r:;.enc.ation trz-.; '..::::etner 'c-te Council eraploy a local or
natlc~al fi~~ t~a~ It be en a contlnu~r~ basls.
('
~ f.-..0' L/t.-v.-.'.....---
... "'-- - -
:'J. i.T. :CUGSP.E
Director J= F~nar.ce
~;;'TD. ob
At-c&c:::'.
:C8'
-.-,
.~~
cil
_: -"l":-J
-t-~ --:
-<.J_",
, -
.-n -~
, '1 '
r:? ::
rn - Ii
:c ____ ,_-,
J:::.-
,=::;)
'-'
"
~
~
CT'
r-
# "
L...::...IL_L.. G j\puO-;' ? A
SANTA MONICA AUDIT CO.
ACCOUt\:TANTS At\: D AUDITORS
CHARLES L JONES
ENF'lOLLED TO PRACT1CE AS AG~N"j
B~FORE tHE 7REASURY P~PARiM~~T
....,;.'--....-. :3 ::::....8~~::.::::: o:::J;"
J::-,.... .~: '...-~. 3;::.G-t:.L:;::..... ? A
528 ARIZONA AVENUE
SAN-;-A n-,ONICA CAL;F 90401
J HOWARO CULVER. CPA
T;c,LC:PHONE.
EXaROOK. 5-6168
July 24, 1964
0a~~C Xon~c~ Clty Ccunc~l
C=- :.:-... Es.ll
33._.'1:..a ~:;)r-.:;.ca, Callfor:lla
~o~o~able Kavor and Merrbers of the Clty Councll:
?lease conslder tt~s letter a request on the part of thlS offlce to be
ccns~dered as the Aud~tors of the beoks and records of the Clty of Santa
;:cnlca :o~ t~e :lscal years ending June 30, 1965, 1966 and 1967.
fre se~ve a dlverslfled gro~p of cllents, both large and srrall, and are at
~t.e p~esent tl~e the A~riltors for the Santa Monlca Unifled School District.
CLc ex~erlence wlt~ the Clty of Santa Monlca dates back to 1934, at WhlCh
~~-e ~e ~ace a detalled audlt and lnstal1ed the ~achlTIe accountlng system.
~re last ~~~ua: a~d~t that we performed ~der contract for the Clty of
Sar.':.a ?fc!".!:i.ca coyered the flsca1 year 1955-1956. We hasten to add, however,
:..[-~~ -.,'e :..ave co:r.pleted a mm:.ber of specla1 asslgnments for the Clty Clerk's
c:flce d~lng tte last f~ve years.
1~,Te ::,a',e, cn O~ staff, ~:"~.Je 2..Ccc~.r...~ants w!1o have had the exper~ence of par-
~~clpa:..~ng In p~lor a~dlts ~&Q& ~:. Charle$ L. Jo~es & Co. and/or Santa Monlca
~~dlt Co. of the books and reco~js of the C:i.ty of Santa Monlca. O~ flrm
~~so t~d t~e re5pcnSlo~1~t~ of ~~~_~g the ~nnua] a~dlt and lnstalllng the
raC~lne acco~~tlng sys~ecl ~< ttc =~~y of Long Beach l~ ~938. In addltlon, we
~a'Te ava~lable to ~s ':.te fa~llltle5 of the lnternatlonal ac~ountlng flrm of
Tc~cte~ Ecss, Balley a~d S~art.
:::::. rE:ga~d :'0 costs ~ ..-_",-~ J...y bllllng rates range from €>8.00 for Junlor Account-
3uts to ~14.0C for Se~~v: AccG~~ta~ts and fro~ $20.00 to $25.00 for Managers
&~j ?artners. =~ l~ estlrr.ated ttat the average billlng rate on the work
~C~~Q net exceeQ 512.00 per nour. Xe assu=.e that the total amount of t~e
5pe:1t or.. tie .:.t:.:ilt <.:La ?.eport v-1Odd not vary substantlally from the time
3~e~t cy tre ~~eVlO~S ~atlonal or local accountlng flrms who have completed
yc~ ~~~edla~~ ~~lor a~d~~s.
:.'e ......o'J.ld be pleased
set ~ cell~ng ?riCe
tc furnlst a perforrr.ance bond, If requested, and also
;or each of the flscal~years under conslderatlon.
CLJ: la.
/
:' R~speptfully-.'su~, //
~'--' '/\~/( '\
: ----- 'z - / _ ~ ,. ~ /
. : ---_...._...-.JI~ h
-, - 11
--,~ ' ,-,._.,J__~""": / {>y~.-,-f r
'.Charl.5lsl ~J6ne~:' '-~
: I l
- I ./J
/ . /
,/ ~-'
J . '"'
SCITE 222 PHOXE EXBROOK 3-0411
~09 SAXTA ,\lO:-;rCA BOCLEVARD
SAXTA ;.10NrCA, CALIFORNIA 90401
BLANCH I! JOH'lSO'i FREEMAN ,
PublIC- Ao;:ol1otant [
/, I
;l. t. /, / I,. J
j'L" - ('lj 7
..!:r t J
1['
.-::--- c:> ... ~c:-;
.Q:r.ii-c..=. i\.j -c ~ ":'v,::-~~n
HARRY L. NOLJRSE AUDIT CO.
.July 27, 1964
The Rono~able City Council
City Rall
Santa Xonica. Ca11fornia
Ger:.tleulen:
Tnank you for your letter of July 20, 1964 inviting this firm to render a
p~opos~l to perform the annual audit of the City of Santa Monica for the
t~ree f1scal years ending June 30, 1965, 1966, and 1967.
:n reference to our experience and availablity of a qualified staff, we
call your attention to our past aud1t reports and particularly to the
reports submitted under the audit contract awarded to this firm for the
pr~or three years, 1nclud1ng the fiscal years ended June 30, 1961, 1962,
.:::.nrl 1963.
Our ?Toposal for the ensu~ng three years is for a fee not to exceed
$32,000.00, allocated as ~ollows:
Fiscal year ,JU":' _..t to June -:.~ 1965 $ 10)000.00
- -JV;;
F1.scal year July 1 to June 30) 1966 10,500.00
Fiscal year July 1 to June 3D, 1967 1l~500.00
~ 321000.00
C~putation of the annual fee will be at the follow1ng hourly rates:
Pa.rtners
Senior Accountants
Jun1.or Accountants
Typ1ng and Clerical
.June 30) 1965
and 1966
12.00
9.50
7.50
3.50
June 30,
1967
13.50
10.50
8.50
3.85
Very truly yours,
HARRY L. NOURSE AUDIT COMPMTY
.----r ,/{ ~--
-' ,I / - ~------ - - i
, ,-'---..:-/--r--=- 7. _ __ ./ /
~----/-:~;;if~~ P:~~~~ A:~:~~~~~~
------..
)
./
.............. .../-v'?
DA TE;
TO:
FROM:
~
fit: -
2'0/-00/
~
r- "'"'1
CITY OF SANTA MONICA
.~ E,..OfTrCD TO
, (\1 \1' '-l'O..lL
. . l ,""",t...'I
., ,- l n F'lC,3
~ _ \L _ _ .....
~~ U;:-- l~ It &
, I' 4.... - 1) 1 0 'rn.
_ :.!'.. H {{'.s OJf.ltHJK
. u i;.~ t'U.1.N u .
July 18, 1963
The Honorable City Coun<:11
Ernest N. Mobley, CIty Manager
SUbJECT; 1963-64 AudIt
Pursuant to Resolution 2396, December 13, 1960. we have
made it known to a number of national accountmg and auditing
firms that we would entertaIn a proposal for performance of
our annual audit for fiscal 1963-64.
Seven of those firms responded. as did also our present auditor,
the Harry L. Nourse Audit Company.
Their proposals are transmitted herewith for the Council's
examInation and consideration. For the convenIence of the
firm selected, a decision should be reached by the first meet-
ing in September.
~ ~ .4?C..d7
ERNEST N. MOBLEY
City Manager
ENMI cc
cc: K~ O. Grubb, City Clerk
w. W. Dundore, Finance Director ~ City Controller
6\a
-.
.-......~~
--~ .-
~..."""F. ::-'~ .{. ~
~ r--
?...~ ';>~'~J' - -"""~:'-~.'. --_~~.<o;-,,=,~.--,-~--.,., "~-""""''i'.'''F---'~-_,_,S~_-_~
CITY OF SANTA MONICA
INTER-DEPARTMENT MEMO
DATE'
J u.ly 12, 1963
TO'
E. N. M.obley, City Manager
FROM:
W. W. Dundore, Direc~
r ,-.&'
~~
F1nan~e-~lty ~~ntr~ller
SUBJECT 1963-64 Annual A-..:di t
~harter Sec"(i~n 2.51[. requires ..::.e City Cm.'-n~ll t:;
provide for an inde~endent audl~ at the b~Dinr.lr~ f €&C3 f~s~aL
year.
Council Reso1u~i0n 23)6 adopted December ::. L)6v,
establls~.ed a peliey cf re:.aining e. i.at.l r.all;] :~()wr. 'iu~Lt f~rr,
every fourtn year.
1963-f.4 will ,;e tne f -'cU"th I"e.."r'. 'L.e ttarrv L. iV.rr b.:'
A.ldi t Company of Santa l>1uni~a is now (. )mple', lIl;5 a ~rLrPt~ ye1J.Y"
audit contra.ct.
Attacr.ed f')r :::ouncll consider<.iticn ere :--:'upc..sals ~rum
tne following national audit fIrms:
Ar~huY' YouD€ ard Compan:.
l::rns 1:. and Erns't
~Iasl~:.:.; and Sells
.L.y. L rl3.nd, -qoss Fro. L!l~~s a:.Lr~ flic '1 ~,:;,--}n-~... ",F
Peal, r.iar-wlck. "1:it,c!:..~ll and C'.'";l.Ja:,;
Price Waterno~se and ~omp~~y
Toucnc, Ross, Bailey ~1 &~~r'
Arthur Andersen :J...'1c. "':nr.J.pany ar:i F. ~.. Ld1'!'pr; - Z 8 ~l'
Company were also ~oLt~cted tu~ nave ~ot E~~n~~~;~ rr_~~S~L
Lle last :':J.rt' a natlor..al firm F.~rf me ~ t.he q',' .'0...... ~ - .
..as 1957-5B Whf;;'"J t!1e same se'.r~n fl"'"ThS S',:"ffil tt2:l :':- ~~d..;. 0 -3.":~ -:".ll
Council selected Pri:--" ''If,er!""lQUS,= a:.i Compan:l'
~Uso at.. t.aCfl2d 18 a let"'.:.er frFjm t:Ie C;ar ~fq ~on-: ''1 i-.Q 1'"
Company ~nd~catlll6 tneir a~fi118t~0r. w~th ttiP n~> PaL :~~_ J~
Touche, Ross, 3ailey and ~rt
'?he ~-..u-ren..... aud:. t;:.-rs) U".ar r:, _. .;~ .lrse /..'-0" ".: : -;T1la:r.:
[lave alsc i.ndi~s.Leci ....nat tteJ 'wll "- ~ ~[' . ~ ~;J~ --;J~ &9....L ~ l :'1 >
1:53-6h f::.scal J22.r.
(
L- (. (. -l L--- L -'\. - -c l. <- <- ----
.,'. T,./'. Dm~r,E
Dlrec-:"':r :Jf Flnal~~~--_~_~=
'- r
1-1ttlI); ot
._.-.....,.... ~p~~-"5t.~;;..,~~ ,.~-......-~":.~~
AJ.THUI. P Ian ~ ~.
c.at..I Publ" ~<__taR
-'
.::;;~~~---:-~~~~-; --~----=-~~,--.---.,.-~--~-~--- ~~ ..~-- -=-=-...-;:-.~~~
IlLANCHE JOHNlON
Pub..., ^~OO'DDt.lD'
.......
-
HARRY L NOCR:3E Al'DIT CO
222 SECI'RITY In [LDI~G
PH...'NL I ~13Ri...."'2.K -; O...7i
409 <::,\" fA ~k~' k \ B.::'l"lJ \' ARD
:= A'" T A \1(' '" Il- A ~. A LlI ,~ R " I A
Julv 16. :Gfd
The Honorable City Counc11
City Hall
Santa Monica, Callforn~a
Attention" Citv ~anageT
Gentlemen:
This Hnn has served as your auditors tor the ':last three fiscal
years and at present 18 conductln~ the aud1t fOT the fiscal vear
ended June 30. 1963.
Since the rounc11 WIll soo~ be sel~ct'~g an audltln~ fIrm. we Wl11
appreciate your conSlderatl'Jll 1... allowlnll: 'his hm to ag'll'l :,t>TVE
you 1n this capa"lty.
Our proposal for a three (3) vear contract ls a fee n0t tn exceed
$9.800.00 for the ensuing year ad'~sred annuailv bv an locrease nf
ten percent (IO!) for the followln~ two vears.
Computation of the annual fee will hp at th~ fo]lowln~ hourly Tqt~~
,1
PartneT'S
~enlor Accotlntants
Semi - Sen1 or ACC'(lUntanf S
JunIor Accountants
Tvplnv and C1erlcal
S ,2 (Jl)
9.00
" . '1()
7.50
"l."O
It has been 8 pleasure to serve vou ;~
our aporeC';atip~ for this op~ortunttv.
t~e ~ast. a~d W~ W'~~ to ex~~ess
Verv r" ,Iv V')'.lr.s,
qAJ:l~V '
'J(1f'ij "F AI'I}TT (',","""DA"'V
r
/
/
I
j
:lL!' - /-
~er' ere.... p.,...., (
/
, //
_c ....~ _
\r---ti,.lfl' -l~ r
AFR/V'l'
f~--~~ ~~___~"__ ::-'" -
"_... ~"~.. .f:_~ ~-
~_.,,~ 'CJ""..t- ~.:-~~~.. -~';':1---" :....~~~_~~__...._...,...-..- _...~..._..".~~.,._-.;.~"..........
........l--.,.._~.~~
k
'"
_ 6'
.1
LuefLLL G ARMOR P"
H~L~" B ED"O><DS P A
JOI<N W VA" 80G~I.",N PI\.
SANTA MONICA AU01T CO
ACCOUNTANTS AND AUDITORS
!l28 ARIZONA "'V Er--; , =
SANTA MONICA CALIFORNIA
TELEPt-tONE
EX.ROOr< !I ~, 68
CHARLES L 'O'';E.5
E."'If3Q'_L" D TO p~..---. _"" .II':, ....;:;E....r
BEF="ORE- "P,-1E "'~EJl,,5t ~." CLP.I,RTMEN.
.J HOWARD CUt.VER C P'"
July 5, 1963
c:..
r-
-
<::)
Clt y Cc.unci I,
Cl ty Hall,
3arta Monlcd, Cdllfornld.
~
...:::.::> -
_7 l..
r=::: I
t.,C.
co r-
,- i
~.
;..:.J
~
en
Honoraola Mayor and Membe 1"5 c ~ : \-,e ::-1 t y -: }"jl ~ 11:
I am taklDQ the llL~rty cf enrloslng a r.opy of '~e l~t~~r
subrtUtted to tp;;, CIty r~n'lr( 11 0Y T'lL-be, ~(lSS, Ba.l~y iiNJ
Smart, concerr,lng tL-,~ fOlthcc.:ml ig ar.;>Lal c..l.dl t cf the lOt KS
dnd records of the CIty of Santa MonIca.
/l,S you no doubt know, ocr off H'e t dS IlUtde IrIdl.V c-f th@ dnr>udl
audlts. beglnnlnq with the Installatlon of the ITIdch1r.e a.r"CGunt-
lflQ system 1n 1934. The last om,udl a'..cl1 t t nat was per formed
by th1S offlce was ror the fiscal yedf 1955-1g~b.
In lieu of bldding 1nd~pendePtly on the current audit of tbe
books and records vi the City of Jantd MonIca, W~ have new
seen fit to JOln cur forces Wlt~ the outs~andlng flrT. of
Touche, Ross, &alley afid S~art.
We, therefore respectfully request that due consideratlun
be g1ven the propc.sal of the r.atIoi\e.l a.cc0un~lng ftnr of
Touche, Ross, BaIley ard Smart.
Respectfully SUbmitted.
\
3~~~Qft flJDl~.
liv ~~~~y,J "
~\L. ~I
Senior J;rtner.
CW:lw
Encl.
-~--~< -.-
---'
~....,.~ -~' !~.
.
....
oC:IIf5 ::rh- 1:I"':iiI~....r:j:l5
A-Jo B::;.....CL!::
...~.5[JI+ 0::- ~.)...._[':-
~C-IJI[ ... 1!I......::_f
""..",;1'11 ::f: 5 - ;::....... r:~
.. el..T
~ _-<"'-.. _ ...:::I'"r........
"" __ II" r 1o.I...~=''''F.
......1:1'111 IIr ""C:::"I!:
~ 1!:....I!:.l.,-- I.I--::.RR'5
_...........~~.. ...~......~::J...
-q!::::: I[ .....o::~.,
~ .=_..."'~.... I:i'......~~!: _
d-~~E"T ~ ......~..I!:A
1.>.1._ _ c: .....::;.[..
. j
1-
,.
r ~
1<
J~_l~le
J
~.....
d .]C'~: ~
....... ell [~~:-:: ~_ .'
S:-~""1C -::;1 C'~r.
~~I;
"lL' r: ,..-:.., ;
.:.
~~ ~ 'r I.
.0>
., ....,'.'
~ L
-!.
(..'
v~
, --
.1 .
-.
C'''~''-:- ..
D-
-4- 1-' {-C'I
....,.;<; _~' 1......1 ...
~ "'i-['.I. 1....._. ~.-
~ "....,j'
1 '
,?
! ,
~
--, - ~ +-
J :~
, ,.
- '-
.:::: ....,
.J L ~.
"'""
-i.::
, .
..l. ,
us
~
.!'
-no
___....._...._~r~-""'~:.. _~~
~ '""T'
-4!
~~~.-.. ,""",," :..."'"---_.-~---- ~-....---;:.-~.-
CERTI F"I ED PUBLIC Accou NTANTS
LYDRAXD. Ross Bwos t, ~10,"n;(l:"Il.RY
COOPFFl" t,_ L'tHRA""1I
.... ...t;;f."'~ - .....IE. ....-=.~L:;
-:,~TS.::[ --... _....,~f[: 5~A~E'=.
ri, ,
,
~ .
,=:..-
.1.-,
-,:~ ~
'r
n' "l .I
" ~
L,
~e -
"
. '( ...
..c
-,
~: : \j C'J ~nROLLER
"r' M0NICA
~ j JUN 17 11M 9. 36
:..-~~ A"'"-,,E_~S :.JC=- ::r:~
~.& .:;,. _ -_ SPQ I'.t .5-""!:'-
-;;:;~ ",..oj,!:_!:~ ::
...."'-. s-:-'" -"I .,--,
~ ,-: ~.f.';- -;:."_ ...:= - n_
_=.-; .........:>!: ~~ f5.
:-_....Q.~~z~
fl)l'......-r.iy
... -'-'1 ...i' W.t'infl-.!i~('n .t . d'I'll
-~--""r"~~- ~<~ l!!.~~ ~.-
lIII1L-TjI,.....~
f
t.I.L _
-- -....
.
~=-"="~....-_........,...
~~~----.-..,,""" '~~~~;:;r~
~~- ~..~
.~
~,~~~~
~-'~. ~~<~
. .
~. ..;'
.. ~.......~ ~ __ ~-=,,;r-""-
~ - ~-~~""!S';:..--~
------::;-::, ....-
f l
PRICE \\:\.TEHIlOt'SE & CO.
.., HI '^ p.tn "'IX III ...... "'i'Po.
I ().. '\;'1,<,] Lrl'i 1 j.
J ..12-y -
M.r. ''.41. 'iJ. DU:1 de re
Dir-ec:;':)r cf Fl:--:arc'C. - Clt~
Cit~ :f Santa M~Ll~a
3a~ta Monica, Ca~lfo~~:c
....., ..r"">...... y __ -= -. ..::.......
~- ~ -- .:......;. '- -
Dea~ M~. Dundore:
We arc pleased -:.- La':: . -:::.i .~: t... .:pp.:::rtuc:"-:-;.. --: ::i.~z2'.<ssi~i-
with you and Mr. Hard the r~23:~._~. -~ r~r ~~2C:~~~E~t ~3 ~~dltC'
for the City of Santa ~c~lca f~ ~~L ~scal v~ar e~j~rG :u~e 3J~
1964 and summarizE ce lcw LE "t.". r-. c ,_ co. ... e '..ie.' < 1 j :::- e~ ,.1':::.'- ::..;c -:r.a t
capacity 3.Ld our b~r,eral::J..,--,a::"2. :~l C cl. t1c"i:::: t<: >" :',Ce a::: \-C1...l:- a'.,::} -:. 't:ors .
Our exarrinatlc~ -:f' t~ '- ~~.:.:~a,:':~ a.l :c;t;a~Jef"ierl';:.'" -~,f" c;r.::: City.:
Santa Monlca WQ'..11d ce mad2 ::- ;:.: -::' ~-i~~c ':: ":1 tl :"",'~2 ral:::J ace epted
auditing standards and ac~>.::-~c:-:..r:;.l: ':;'~Jlj '::---.:.'J:.ds ~~ur~h te3ts ::::' tr,e
accounting records and suc~ D~t~: aud_::~~ prcc2j~re~ as ~~ C~~51d-
ered necessary 1::1 the cir:2u1""'3ta'"jCt"c,. ~'.'~ rS::'.::"~L3.:.t~llt12s a::Id
functions of t~E:- l:J.deper'de::lt 2..;c!.i:.<:, ::..r. :'.c. ;:::z.s.1'~;a"C.:.~: ._1 f::"r1.:iilci.G.~
statements are describ2d 1;' :L,= ,~l:: _ ..c:~< 3::2.t2,',~~t. :'~.-=. :-YJ iss'.led b~,
the C01llTlittee CT A~dit~i',::; ?-:,'<)c'_ L"..'."c. '"-:n..:= Arr'::.:':Lcar ::L=-C":..., t'..1ts cf
Certified Public Acccun~a~ts.
I~ addi ti:)L t::. '::2;lcr ~
-. -
,
-'1. r-- ~ L ......3.i_>.-: - :3.1
~ -:=:a.. -.: ~~yV",er -c s -'
af-.
a part of O~:- 9xa:n:.na"l:.~o:--. Vl~ "y,.rc . _.I.- r-'~ .__"~ ".J=:- 5..CCCI~~."Itl~~: l=-:::--2ce:j1..A.r8~
and system of inte~nal accct.:.,t n:~ ::'C',.:::: l :i";' ~. :,,,,~J. !'x,''""' , :':. y.: < ','iltL
a me;ncra~1d~rl descrlbin.:; ar<. ::..:--:-;: c: :'''t;.c ':; ''>..11 !.. ~ v':" ~ v, LJ..;:-lt S~;:CE.st..
OJ.r C:CJ11ITle~ts '"'1i2:Lt ind:.ca:-.- s..:-(:.'-';C.:~:L'~':> :.~tr~~;c;~ ::t...;.i-.- --l"ld ~f ';"c..
serv~~es cf ~~presentativ~ fl
Depa:",t:rc'it are req'u.l~ed tL.:..: -,;
~~:.2 r ~ ~-::: ., "'- ~". ... t... -~ .,
~
...- ,F .:J;:- :-;:-... I .=-- ':: :3
:::....-~ _ ~~l ..
Our a~dtt~~z WC":y-
;2~1.:~ dD3 a~:~~. th0 2[-j
1 ' ..
, ~.
::t
_.. _,-- 11 4......
aS~:~Yl~Q ~: .,.\:~~ ~I~~~ ~;~l_
.1
1 .
~0 ~~€~ ~~fov~;~~
-,;.---- , -...- q --
[.3.51::'.
:. .:. ..: ~~
:>
.... ~:-!:.. C~-_
~~.J.J:~
,
L2 j:::a~t 't;ltt~ 2:' ar~i ";:.~""""L,.
'~-
~.-."'"
~-_._--~~~
-+ - - .-::-~.......... ~
- - 0----. - ___"',";,_y.. _ -~.r...."....u_..~~...,.. r-- _- ~.~",______,,!,"""-..-__--.-..,---~~_~ _ __ ~ ___
~
Mr. ~. W. Dundore
-::-
;} :_l 1 j!" :2 ~ 19'::3
Our firm has many 1'.ULicipal c12 ':;-1+:,3 -":l.c'C:'''';,~L:::t;: ~nE C::'l,r:.-c:::-'y
and in the Southern Califcr~ia area. Frr p~3~r:~. ~~ tte S~~~her~
Cali.t'ornia area WE: ha'/e pe2f21"T( -""1 ret,:u':d.J J. :1:12.: iC'X-3.--r 1!""i2. t:i..CLt', ana/o:=-
special audits fo~ the Depar~rrs~~ .~ Wat~r qrj ?~wer of t~e C~ty cf
L.GS Angeles, the Ci:~t of C0~!"~'Tel-.2~_. !-.'";_~-' C=-r~T .~.p Saj.ta Fe 3;.~4ir.~3~ t~lL.
Coacr.ella Valley County Wa':.::'.::' :G s~r~2"':;. tie :<'d.d!::"-,:;::-'~,= F;j[;l:c r-tl:!.it"y
District, a~dJ as ycu arE 2~a~L, ~~0 C~ty I~~ S2r:~ MO~12a lI~ _9~S.
As a result of cur experle',c>~ '...: tt,e 'l"JT - ~: ~jal ~'_.:c~ -1. WE. 3.' e ,.;e11
qualified +c cffer construct1ve s~gces~~_~3 w'-~: :~20~2t ~c the
accounting act~vities of o~r mun_ci~al ~l~~r~s. ~:st cf :J~ an~ual
examinations :r 'chis :'ield res'..ll..t 1.!1 :";'~2r. :";:.c;-''''''':..'T2~,ci3.t~CY'2.
Fees fer C1.1r st-r-.:'"-=-ce3 tc. t~J.c .~~~~/ ~'1-" ~"3~~:a, r,fI-~.~~ir~2. 'V\r()"'l:2..-i (.:=,
based o~ hourly ra~es ~C~ ~nc tiT~ exp~ljE~. ~e c~! ~'~ ~hat ~t u
In the best interest of '":hE:' r>Ltv tc se:::'ect 1- - l~;i,::~-}-""C.r.de~.':" 3.';ci::..::,::'~,
on the basis of ~he repu~~t~c~ .~: t~~ :~~n d~J L'l~ ~u~~_:~~~tiG~b ~f
.Lts partner's and staff ra".::-ie: :;~.ar ('y> t~~", ':::.a31s -.:' eS1..l......ia.-e:'i fee.
For this reason it is ou!' prCic~._:ce r.=.t tc 3'J.'t..::.t :~2e cs~~nates pr'i.:r
to our apPointment as 3.udl~ors. pa~~~cular:J w"ers It 1S :i,ely tha~
similar estimates may ha\'e been r'eque3~ed ~'c-,")., -t:- e~' fir!'"'s. If
appointed we wlll, cf course, ~e p12a~ej ~c d::..scuss 0~~ ra~es ~lt~l
you and to furnish yoa witb an estl~~tc cf t~~ tc~al ~ee b~sej on a
mutual agreement as to the scops ~f 0ur wcrk.
We appreciate yo~r C0:-L3ideratj ::::':1 .:.::~ ::..:.:=-
pleased to meet T(/i th you cr w::!.. <;:1 thE; City 8::;ur.c2. ]
selectior of auditors if ycu S0 de3~re.
f~r~ ar.d shal: t~
:-2.sardlr:g -:1:e
Very tr~:y YOU~3~
~7Y'~.&.
Enclosure
1
-'-
Stateraent ~o. 30 issued 'oy tll'~ C T_'-r-: ~ '>~'O-
on Auditing Procedure of :.hc A'T.,;.::. J cae::
Institute of Certified Public A~c~ur:ar~~
.. '::~ ~....~ ~~. ~~..--
~ .. ~
~
-~ ~
~~ -_.............~-.-.".~... --~"2OOL"W ~"'r _
c.........~.. ~.D.._
, (i')"ll'R
. J aU L
~ I ... pi," ~,
. I, .) 111 \" fi
I.)NI"'~:: .Il,Iot:...:.....;-'""" ,..,.,A .::.. ~
TOUCHE. ROSS. BAILEY 8. S~ART
'-""G [...T ...... ... f. . ~
....,!'...a...;...... ....-~ ~D .....-::5
IBA....Ao,.I.. 5LA"" - ~ "'I/:.h 1:<::'" .....
."1:{8Ar:0'5 .,-",., ~:.... ~"""
CERTII="'ED PL.,BL,;: A,::;:-CL r-..,-i..."-.'e:,
.' 8
_ 'J";~' t..
ON e' 54
.I:...-J _ '"'II -. 1:0
.";''''1 _
~- - ....!:
..1=<....::[
.- ~ c- .:; H ~:..
~- ~ 'E-S."
"'':; 4.., .'11 ...
June 26,196>
s.... . ::l':....A. .......::
E' IL;o t A
:.II!I l.. .&::'::'~FS" -R-.::lI!!!IAS
:o~-=-c: ....,~5 "'iE i3C:...''-EVAR::-
_ J SA', G E ,_ E sse A L I ". C ~ .~ I A
C~ty Counc.ll
C~ty of Santa Mon~ca, Ca]1fornIa
Honorable Members:
We have receIved a letter date<.~ JUl'~ ; frvm Mr. W W. Dundore,
DIrector of FInance - Clly CtJn~t "ler) a.sking ]1 loIe were inc:erested
in subm~tting a proposal far th, dudl + l'f YC)l,r city for thL fu,ca1
year ended June 30) 1964. We are \'er:, "Tjl1C'l, interE>sted in thIS
assignment and submit the follaw:ng Info~at10n re;ardln~ our rim;
1. Our Fl.rm:
Young 10 years, aggress i\:e, LngL ~n0ugl' tr> hand Ie all
assigrunents) small e'lough to pro', ~d~ ;:>~r~onal attentLLln,
founded on stron? local offIces rebponslve to natIonal
d~rection.
2. Our People:
Leaders in the profess~on) actIve ill tilt IT C'0"1'011l'11.ties,
highly trained speCIalIsts, mobl~e to ~eet cllent needs>
strong locally, backed by a natIonal staff of experts.
3. Our Phl.losophy'
The bus~ness approach) ~mphaslz~ng &uDstanc€ rather than
mechanIcs) stress~ng clIent assl~tance, advocatIng and
seek~ng constructlve recommendat~ons for better~ent.
TOCCHEa ROSSa BAILEY & SMART - l~iE~~ATIO~AL
Our firm was organIzed In 1947 through the merger of three fl.ms
whose practices date back ~nto the early :900'5. InitIally our fIrm
had 10 offIces in the UnIted States. At the oresent tl~l we hav~ 13
offlces in the United States and 86 o~flces in 0tte~ c0untrle~. Our
organization consists of severa: t ;lnusJ.nd Dr,) fL s~icna ( ;:le,'ple In
offices located to serve all areas 01 ~ne frd l,.nrld.
.--,""",-~ --..~~
-~---....1
TC..JC....E
-.-. ~.~
'~~~
J;lQS,s
8\.
~E."T
J S....A;:?...
CIty Counetl - 2:
JunL 26, 196.3
c..UE~TS
We have served a lar.::l' dod dl'L'n,1 flCf ..'::-,"': . C 1 _i-'nl~, D..:'tb
large and small. In dddItL!'l ~, ::r'i;: ~dn\' [.1L~,--, ,)"]l:>~:l ,-,'rp,'ra-
tlClns whIch we ser'-:e such -1- LJ~";I' J"j,]-tJ 'lS, (ok B,'e~r":
Company> The Xay De iJartl'1t'nt St ~, ~ > "..::tr-., R," h ('1( b,; C,., -\r.,.,e'-
Company and Wabte KIng, WE hdV' je~n ~L[Y act:v~ .n dld.t ~ork
f~r polItIcal subdlVISILHlb d" ,-,-a:er:t y, Uk (,'11.'Wlog l1bl elf a
few of our cLIentele:
CIty and County "f Sao FranCISCO
County of MDnt~rpy
City of Sal1nat>
County of San LUls Obl~pp
CIty af DetrOit
In addItIon, we have performed audIt" ,,"- nUULroUS "CLh>[ dIstrlct",
federal hL'usIng authorltle.!>, water dl"rr t.., an~ "th,r ;)llOllc
<;erVlltC agenCIeS We bt-llc.:e by E'xpt'rll:"'ncc arc' traInIng we are
qualIfied to bdnd Ie thIS assl~runl at.
o\UDI1DiC
Tht' atte~tatlon of flT1anlLa' dIlL" ,JpErallrt..! <,t.1t(,>;]1<'1t" LS th~ n,lst
Hnportanl segment of 'lur ser'.l('" -l"Udl(Ulg 'r'I<)t"rL} :)e~f T", c
should be '.-Iewed as <i CJntrl:.utllli! L:l.Ct"T t.. h, ltt.-I ,,',nr1'') 1 ;'Tctl-
tlces In addlt10n to the :"1::>11,11 ~'1ldg' ,,[ lbe dlldltf1r ciS d ....alc~., dolS
(If an organlzatlon's assetb 3Ccl Li. [, '.' ,''';' r .,f l'a'-, ~c-Sll~~"". in
our audIt program Wfc stress d r, ','lE.'..; ," c,ln~r"l or c. du:. 'i dnd the
submISSIon of reCl'l1l.ll,nddtu'n-, ~;"r '''':)T''\c-T.L"Or ,If ,n['rTc! ')roct"::llJr. i:>.
CO~SCLTl \;v 'iEI~YICE
While thls asslgn.'1lent C,"IC., rn.... "111'1.' ~f L i"-JJ" f n, ~, ':1, ,It l,;Jr1d.,lZc
t~at our cdpabI1Itle~ lre T't 1''','",.: t ~'il- .ree: ..1 "IE- '..It haVl'
performed consulting ~er"'c.e", 'e~1,,-il1nF ~;'If T'ml!:li'" 'iy...,tcn,,>
procedure~ and reldted lt~lh~llCj H.-'-, .1-> i],DPl1L-d t lytL)"lJ~;,-r 'DFI-It "[1'-,
for City, state and fedt'1""al a~E'rc:i?'"-. '-Nt: 'l.j\'i. ''TIJ'lt"r "p<:,( 1,1115t::;
In goverrunental .1cc,'untl'1l! lrJ 'ld\." d"pe ,~ur-^ f"r tpe Statl l'r New
York and varIOU~ brarche;;: .',f ~'lf tl de r..; l"""'v<"t'nment. W~ l~t <l'r-
rently aUdl.tlng ;>er-,,'n,,: r,., t:.~' ,t ~I[f.'n't'<:'.; b '1'.1 Ll]',--
(l u t !:> 1 de a f Ca j 1 f ,'['11 ' , ' 1.;2' , . \ ~ - t -"
.-~ ~~
.. -L'"
~.. ~- ~-.........-- . "T"1'- ~- _~~_~ __~~
~~
-------=:'----=- ~ --"'"-=--=-
,...
r J \1 r tlU~: I ,.. f'
\... ., ...~!:'
J' ~ I -
, J 1"\ .11 f' "
J-
ERNST &
ERNST
615. SO....iTo-t r
~"
........ ~..
t:.~ S-r~fET
JL -:;i
rt~ 9
~I
LOS ANGELES-I", CAL '''Qo~ '""!
.;~.... -
~ r. '.\'. ..~. :.:J.... ......d.;:o ~e
:::-=2CT-:)::- C~ ~1a'lce I:lt~. ~.c--:~rc~>er
~.l t 1 C f .; a r 4- a ~./ () or- 1 C:j
.. . \a!.~ S~ree~
~a~:a 01:C~, j :-Or~_~
Jear Mr. =-\.:noore:
As rec:t.:ested in \/0',>,: .e' :<:r.:1
~.'llS p:coposa::' tc c{)no~c,- a'1 a';d',._ of _, _
~.'o;1:ca for -:he f-:sca' /ear e';dli';' .c:-.e
I &- ~I ,
"
',...0::- arc.
t: eass; +0 Sll;"rr.i~
~ ~1".,-
a. _ -=-~C.
- ~ - .....-1-
,~ -
~r" e
("'f .~ ar -+a
~.
-.f -+-_
0[:-: ces
=:-lst &: Er-rst 15 ..,: na-::_~ -'d
1" c\!er ~JO C::les.
O::'"'-:i~:j 3'ld =-p.,.(: ,j
t< par'.:. ~a,
~ ~~
L ~ _ ."
:e r-l~ ~
~-\_. ~ ' '.-J i: C CC....... ~ I- d -; 7' ~ N _ ~
as <:X',~
S 1 ....:~
~xppr:;:: ...::.e tl- rc I..
~ ::01 ~li r
:1"' p~rf':..JrT'l Lg 0.1
JT1 e r . a ~';)d . e" .
~ ,,;:;........
~ I": >::: ...::
,;
~c~c2.
d f~
.:."-- -;..-..,,~,;;. -r---_
_ ~ ~ -L
~ s 1::. .:) ~
-:-:""--',"Ja -::1--"
',.:. ~ L rJ
;-., i ~ ~ ,0.':;
'Y," '~a
;'::1 -i:a .~~... ..c:-~
is --1t:ac....e~.
T"le :"'0$ ~r'")qe:es ct ~l~~ was CDt? l~-J
I-~ ~ ~
I
5 ;j
a.
eXDeL-
e-ced 3 stead'l ~rowt~
a~d :~: 5taf~ ~embers
S 1. --re.:? -..:.
-1.---:1€.
"! Cr"'5e-..f
:; -I- ~ T f
~r
--jp s
~1- ~e
Oci r t ~ -= :- ~
W'iYr
ar'" Ce"
'?':; ::JJ ~
'--C --:;,::.cc.....,.;...:::I~ ts.
T:".'" a;Jd:' 1."10'J_0"~ d.I~c~ed
21 -:)a r -: - ~.; r
~ ~T~'S+ ~~~ 13 o:~-
~lClE-~-
~ ~ Ie 2 r e ::. :;:- go e r -'"\jll? I t a _ a. l...... ~. . ~ 1 "=., a - II......
::sepr ~. !...:).J\J'e:/, ~I,per.".l-=":): J-- _r t-~r i';~ :a
.5 <:1 ""\a+:10,a~ / recogr,lzea 2::" '~':::.t: " 'r~
::-e '.Jat:;c...-,a' C0'TYli:tee sr; iy erq"~,,'''' '"
- ...Ij' t l ... ...
.-N-2.... d ...._ ijS~_S.._~(l
~-.'IV l:.lr ill
.:::.:::-
.' ~S~S
~::) T'
Eo
r"
L ':rl/li€' ry
In a"1 -::
! 1 e
~ s
Dr,?"". ,
'-.........,a -r-_
<~.:; a'd
r=., ':.- -
[Fe: ,~oe"">O'-;)~
-3....rj --: ~~ _~w,....
...."-'" - ~
~~a'--"-::,o t~e ~~.-. C":-3
) ">ar.::e _f l.....::;;,-S .'~s'Soc~a~
("
>_E. .
5:aU-s a.d C-::!....ada. r~r. Lower: VES :- H
CY-'Itl of ,Os A'."~e~es 3""d :s t~,,,, .~ -_c,
't-~
"''''2~..r .e-~'-
j -: :--'~,-' ~r:;
c
e
-:i I.' -=l y- -.- ~___
re:: .. "Y.~ ::.
311d alj.~-:..~....r~.
I~~r a~dlt )f ~re f~~3~cla ~t3 e"~~:s w~~ 0 ~~
Wl +,-. ?€''1E'ra: 'a~ceotej a~'dl-::1'1g s~a'ld2rtJs ac,e we; <::: _ "f
accJ1J"J!.lng reeD,d., -,'""'oj 5JC,~~+~e;- -1' jJ' ,~ CT_ ~a'1",cs "''0
thE c::.re' ~stdnces. _~-'~:a.:: ",s -,:-<. j'"-..; -::.:Jp_ r'l::'_f I
Wl~~ :0- ~ow t~G5e pres:r~~ed ~l :r~ T_~ 1 ~ :+ c- -G~-)
SOciety 0" Cer:.::.' led ;:'lj,,~ CC .. CC;:- ,-'>d
--::. --. ...... a ':: ~ :::: :- j ~ '-" k
~ 1)';'_
-~.i C
I ~ s ~ s ~-
-"'l'~
, .-,.' r -.:::.'- {:;.- _ '"_ ...:. T f
.. .J- - ... _ ..... ... .. .... ~ _
, J..- ,
,-
--; ..: rj 'f I- ',1 ra:-...1 c ~ rj
s
~.
"
.'
L : ,la '""r:: ~ 3. L
i'e~::Jld;
OJ
'3
... .w"! -..;. -,
.~
-~ --
ERNST
615 SOUT~
- _.-.......~..,.~- -== - -- ...-~....-. ~-=~...,
&.
ERNST
LOS AN G ELES- ~?'. CAL
F ~ \.. E ~ s.... f.o ~ E T
· T. ,'j. .\. J.; ~ elL':-e
=:.:~ct;r C~
,- -
.......:~---: ---r::=-... .::!.::
:. -1a"1ce-
... -t-"_r
....... 1.......,-
C~t . of :a~~a ~cr:c~
, a:.. ~ :=~~ree"
;-3~. "l
(........:::.. r: ~ ,
=, :.:) C~ _ ci
::ear ~Jr. ;.'-lrdor e:
o\s req'...:es-':.ed lil "/O'-,T ~e'_+~:
t'llS o~oDo5a~ to C0.0....Cc. 3n a'~dc ~ :)~
~'~ol:ca tor t~le f~sGa' /ea:: e~ld ~ -...I !J~e
off~ces
~cl5t ~ ~r~~t .s G
~0 0. er .OC c"ties.
~ C=.S ;;"x' 0- 'S:\:(-
'.a ~
~. 0 to' _.-o.- C C
1..... oo..:.-=-f.Jrr~r\g ci..d~~::.""'.;; a~ld
"p,>::c."j
c.e:-\
1"e- a r':)o.e',.
is -'t.:ac'ed.
f4 Oar~..::a ~
: s"!:. of ;:o"ga ~ - ,"~'
e~c",d ;;
a "ci ~ ,~.:
T,e ~05 ~~ge:es (:+~ic~
stead~ JrJW~~ 5r1(2 . a~
5 ta f ~ ~emters :; L vn.:n ~'';
ar~ .~~r~
'N:;"S -,.::pe
- ~ "lE .
T'~i.e 3~ja: -:. 1:....0.J d r.~ d:.rec +-e(;
fi-c.:E-~
n-; ~j.=-.
Lowe;,!,
~Jr j-::'_
. . ~ - E-
"-
,
-3 ',' .0
"!:.~.-e dr92 ~;- go- erl~.e,ta.. .a (.i.....,.;... ,~"l:,_-:- 3fH...-
.(-5e::)" '. L-::'WE-:ri, ::;; peI',-;,S0r :.~ "'r' e ~_a
." ? "a':: 1 0 ')a. ! r E':;;)9 <; 1 z ed a,; ':. :]!. ,_ -,. " " 1
t ~e ~a:: :''la: =O'ilfJ11 -: tee 0-;0' err.',to"-.~ '.' c'
-- :-~-'Tl: ~ , c;.c,r"">:' - ~.:)..--. ~ t8 t~9 '.Jr ;: 1 ~ "'la....ce _,..
',aj
- '
,_.
3r-~
S~at~s a~d C~rada*
Hr.
L8,^'er ~T \rt.'5S :- -'r
Cc~~'tl cf La; A~1Je_eS a,d is ~~~ J
a .-. d a ',J ij: .. 1 "'"' g II
:Jur ;:;'Udl._ Jf -+:' e ~-'Ia 'C:2. -.,.a-e
Wl'""" ge-.lera' ."' accented aLdltlng s..~""jGros
aCC8untl~J recQ~d~ '~d seer ~--er ~.,~-
t"e Clrc"~sJ::'3nces. "~;::..:a~ "-5 ~,=-c. .J-rc.,
wl.:~ :0 -~ow "!:,"cse pres::.r-",eci c/ :'r;c, !_ J
~0c'et'l of eer':.::..t I"'d ~l;"!.:C c:::: ,nd
:,la~c a
....e-~.......I.j~ CJ
~-l
3
-;
- "
~
....
,--=:r:::-* ,.:..,
~OC~7
~ 1.
'N"- a roC>
:-AC _:... T :-; ~ .... t
.1..1 ~L'
==::xp~:-:e c.e
c
~;-I A ,~C.!..'OG.
~~ ~
. L I
) -'::1 c..""' --,
", '
-2 -' -3 .
~ 0 r c. S E:'''''' S ~ .:J t ~ .. 'l.~_
-:;;CC'::_ "~:3
~...:-::;: j).....:
.~ ca:-: -c-r
+ 'lie.... -=- ./
a.... . --'-'--1.-
...., - .-
-",- 'r, '/'i(-_
E:
- ,j) +
C~r
r ::::J.L
-" ,
i e
c.
l:~~~5 ~S5CG a~ ~.
~r...;
l~:'; a j
',::l J,[ t~ '-\.. J
;:.. s -~'
...~o,-"r.w5
a'-"Id wo; C _ '"""...
-'.jv::'"
~ D 0 ~ i ("" ~ ~.: _ E- ...-,'{
.....; :- t--
.os
; t": ..-..~ -]
.0:.
. ~. !"'c'
, ,j - '
-oj.:..
r'
. 1'\ ',p iJ ~ r i ,.. ("l
L-,J .! Ut-..c.
,. f 1-
. " IIII' "
Jl
(~
-I;
II'. G
... '
41
() _ '" as"., t -J ".') rrrl ~ ._
/ n f
o' --=.a
~ ~.'C(.C-~'---i' 31-'-~;"
N .
) ,
e ';:'::'~'_
~- r
.,;
""....;.:::.: ---'-
1 j ':: r -,.... a. :) ~ .;. --. c ---=- -:.
_~....:i~1 I ~_
-:0
~xpeL-
odrt~,:,:-.,
a
:JI-~ ...-:.
.. ,~;:;J
t s .
': ::- T -. S -f- "A'r-;:; ] ~ 0 =- 'J--
-N':I.'; d
-~ .:.1:' ~ _ 5 -: :.j
"';::::-'T" e
f S p:-':'s~
... a ~ ~
:=3S"
~ ,="-' 1 ....~ -,.
~ ,
v.
c
-: ':":'!"-----....:
'"
e
:
: '9 J ...... ~
~ ::-: - ',,:,,- "
~S""3
~"':::':j:::.
s r '
j- ..--; ...~
" r;:-2 c ,,:-,-j r. s
""
. -
. "1
"
-_.~~~_.
~'-
ERNST & E.RNST
',',... :~. ','j. ~J..;-:dore
~
,',e u~der5ta""'d -r:-'a: t'1e~I:/'::::;!..~r;c~~ p lcJ~. ask:"", ;'~r C':,1iDe~:-:-e : _'~O-
rn..:: N~__ execu+:.e a c::;..,:r'3c+_ w~...l- ~-.e ;:-11'1 W~.lC'.' :~ :tOo :'0' -'~C"" 1<; 'est 'r_a.:',~~
~., expenE1ce and "i';a. :a::n~:+_I ::;~ C-~-';:;e'e~,': s:af~ -; pI" :oc 3" aC:<::'C;'.d~e a~"J
S3~:..s~act(;:::'"f aud.&.-':... .\'e -3re 1.1 cc~p~~t_~ 3C::G~;j Wl-:~', "'r--:':) P-:Js-..:.ic'" d"lO be~le'v'.~ -na~
-:.::..:.r qU:3._1~l':a.~...-~O:!~:1 ...:.,d exper:e-lce arE:- 51...;:'!" ~r~~ \~'f.- -:-::i"' ~~.)-.l:j~ :..--e ::t/ I."r~. ex(.~
e~.:. ser'-'iCt::"S. I~ se~~ected ~o:- tre 1;~dl-i_, Vw'e -li:~ t:- p -~se~j -___" Jiee: -.,.'l~". ri='D'-~-
selta~l...te::J 0"::- ~t:e -=l~Y C:i1--:"C: ~_u ar:-L,..rt? :.~ a "_as-=--- (..4- :- ~ C.::i~p8r,S:ltl~':::"'" 'I/--.:C I..::
be ~~~0a' ~~ S1~lsf~c:or;.
~: wCLld ~e p_eased
~he~ -l~-: ,avp re~ard:~~ :te
.....,I---.e _-'i t ,~
111 -::
--.. 'c.
::.0 Te~~
f~~~ ,,"
-J......C' ;:. - r '.""-2 T
-:l~;j
'i' a
.:-' ~s...
-::...r
..... ..... r. - ~
~,
'!'J '::-:-'""'5-.0-
.er :r'--"':'J:S'
/t :" /~'l; \... L -------
, .
1..........:.?':"f'
r-a::. - er-
~c~./.';;su
..,.--~-
. ~ ,,..-...,.... .
",--. if
~i J~ --
.~- ~
=~ "".......-"...."....... - - - -
nS'_""~~_:;:>_
.........y----~~
...--~--<- - ~-=L-"...;r_~=_=_. ~~-....,,_
t J
ERNST .5. ERNST
Mr. W. W. Dundore
-3
....;J~ y ::;, >)o~-
Partial list of governme"tal audits Or specl3 ass~~"1mel'ts C0'ld')cted 0"/ C3: IT(;!'-.ia
offices:
Clty of Los Angeles
County of Los A~ge:es \~ra~d :U~/)
City of G_enda~e
Cl ty of San Dleao
City of Sa. ~ateQ
Sa~ ~3teo Count!
Torra~ce Unified SG~oc: ~lstrLct
Orange County (~ra'ld ':'J'c,';
West 3~sin ~ater ~€c~elis~~e~: Jlstric~
Impenal CcU'lty
Metropollta~ Water Dls:rlC~ of Jou~~er~ C~::fCr'lla
Gover~ent ~f Gua~
)epartment of ~ater Keso~~ces, ~~ate of Ca'~for~la
--;:::;-~~-~~~,...~,,--~.---
-~ -- ~..
~-~ "'P"" -,.-~
---.'11"-
--._-~,..
HASKINS a SELLS
C~RTI"'~D PUBL'C ....CCOUNT....NTS
523 WEST SIXTH STREET
LOS ANGELES I.
July 0, 1~63
The City Council,
City of Santa Monica,
City Hall,
Santa Monica, California.
Attention of Mr. w. W. Dundore,
~rector of Finance - City Controller
Dear Sirs:
We are pleased to reply to Jour letter of June J, 1963
and wish to thank you for tne opportunity to submit our q~a11flca-
t10ns ior your consideration in sele2tinb independent auditors to
examine the financial statements aI' toe Citj of San~a Monica for
the year ending June 30, 196~.
The LDs Angeles office of OLir .b'irm presentl:t" employ s
approximately two hundred accountants, a number of whom have par-
ticipated in audits and other accountin6 servi~es for nurrcrou2
governmental agencies in the State of California. In addition,
several members of our staff are serving on committee2 of profes-
sional societies having as their primary obuective the improvement
of governmental accounting and financial reporting. ~~. Gordon L.
HOpper, Partner, has been particularly active in this field. Per-
sonnel presentl] employed in our Los P.niSeles office ha ,T€ ;,erfo.rmcd
services on engagements for mQnicipalitie2 as follows:
Cities in California:
San Diego, Vernon, El Centro, BrawleJ,
Huntin6ton Par.<:., and ...outh GBte.
Counties in California:
san Bernardino.
School Ddstrlcts in ~alifornia:
3an Diego Unified, Enterpri~e, ~i:lowbrook,
Potrero ~e1ghts, and Covina.
Other Cities:
Pontiac, Mlchisan ane HBstlnG2, Micniga~.
~~ --~.....-.. ....,---~-- .....-.....:;;=--
- ~:
V"".......
..
-2-
City of Santa Monica
July 8, 1963
Other Counties:
Dallas, Texas and Winne bars, Il11n01s.
Other School Districts:
Royal Oaks, Michigan and L1 vonia, Michigan.
In addition to the above qualifications, we believe
that you viII be interested L'1 certain other facts concerning the
collective experience of our entire firm in the conduct of audits
of other government agencies and certain other orga.'1.izations that
follow accounting principles Similar to those used in governmental
accounting. Our f'irm, on a national basis I is currently serving
such clients in the following numbers:
Governmental Agencies 238
Educational Institutions 141
Medical and Health Service Associations 150
Non-profit Membership Organizations 647
Museums and Art Galle ~les 14
We mention these facts because our firm 1s considered a
leader in acccnmting and auditing in the governmental and f\md
accounting field, and thus, tne knowledge and abilities of many
individuals located in other offices of our firm also are available
to us on a consulting basis should the appropriate occasions arise.
We were informed of the City's graduated fee scale in effect
for audits cCIlducted in recent ~;ears. Further, we 1..lnderstand that for
the year ended June 30, 1963 a fee of $9700 has been agreed upon for
the audit. Based on this ini'ormation and on our estil'TJ.C3_tes of' the time
required to conduct such an sudi t, we can foresee no difficulties in
agreeing upon a mutually satisfactory fee for the ex~m111atlon of' tr.e
City's financial statements for tne year ending June 30, 1964. In this
connection, our es~1~_te of' the total charges for our services is
determined on the basis of standard hourly rates in effect for tne
various classes of accountants tnat will be assigned to this engagement.
If we are selected as your independent Budi tors, we will be fleased to
submit, in more detail, our est;~tes of the charges for our services
for your further consideration. - I
_:=:;:--...k--__~ ~_~~:;-.-
\J-.f
-~~--'\o_-- -~, ~"...._.,._-"'..._._~
...~ ---.....- -..,.-----~-...__.. oo;............,.~-,........ _
-3-
City of Santa Monica
July 8, 1963
Thank you for affording us an opportunity to meet with
your representatives, Mr. W. W. DundOP6, Director of Finance - City
Controller and Mr. W1lliam Hard, Assistant City Manager, prior to
submitting this letter to you concerning our qualifications. Even
though our visit vas relatively short, we were able to gain a highly
favorable ~pre881on of the manner 1n which the City conducts its
financial activities. In our opinion, it would be a compliment to
our entire organization to be able to include the City of Santa Monica
among our valued clients.
If you should require additional information as to our firm
or other related matter, please do not hesitate to call upon us.
Yours very truly,
"
~/-6-" _~. l
I
-I- - - 'lo.JA' (. " J
,-, -~
-~
....... ~~- ~ ---- - .~ - -.
~
--....
~
-:- -~~:j~-
<-
,'~
~
~!; i CO~HROlLER
snn II MONICA
PEAT. MARWICK. MITCH ELL & CO
CERTIFIED Pl:BLlC ACTOCl'ol'A..NTS l::::d JUL -5 AM 9: 33
6~9 SOUTH SP.RISG STREET
LOS ANGELES 14. CALIF
July 3, 1963
Mr. W. W. Dundore, Director of Finance
City of Santa Monica
1685 Main Street
S&Dta Monica, California
Dear Sir:
In conformance with the meeting of our Mr. Hentschel with you relative
to an examination of the financial statements of the City of Santa
Monica for the fiscal year ending June 30, 1964, we are submitting herein
brief information regarding the organization of our firm, services which
we render, and the manner in which the examination of the financial
statements would be conducted were we to be selected as your auditors.
'ftle firm of Peat, Harwick, Mitchell &: Co. was founded over sixty years
ago, and we have maintained offices in California for approximately
thirty years. At the present time the firm is composed of in excess of
190 offices on six continents to serve clients throughout the free world.
There are 73 offices located in the United States, of which 6 are in California~
Basically. our entire professional practice is divided into specialties
in order to provide our clients with the greatest depth of knowledge and
experience. For instance. audit groups are organized for various types
of organizations and industries, in addition to our departments of taxation
and man4gement advisory services. The local staff includes members having
specialized knowledge and experience in local governmental accounting and
consultlna. We have conducted regular and special examinations for various
sizes and types of local governmental units in this office and in most of
our other offices. Mr. Rentsch.l has already furnished you with some data
a. to Bovernmental units which we audit, and our local government departmental
organization.
Our examination would be made in accordance with generally accepted auditing
standards, inclu'ing a study of internal control, tests of transactions to
determine the effectiveness of internal control, and such other analyses,
confirmations, and verifications as might be appropriate in the circumstances.
....,----- -.it
~~
".-~--
-.~~~:;
...
t. r
P. M. M.& co.
Hr. W. W. Du.Dd.ore, Director of Finance
City of Santa Monica
.7I.1ly 3, 1963
Paie '2
It is contemplated that our work would b. started during the Fall with a review
of internal control and existing procedures to plan the most efficient program for
tbe ex_in.don. At such time we would also recOllDend the p_paration by your
accounting personnel of some of the working papers for use by useto minimize
the clerical activities of our auditors so that their efforts may be d1rected
to mare productive areas. Additional interim work would be performed in the
Spring of 1964, with the conclusion after the close of the fiscal year. This will
permit better coordination with the workload of your accounting personnel and
apeci1te Co-pl.UOD of our reports after the year end.
Upon the completion of our examination, we will submit our report to the City
Council, outlining therein the results of our work, including comments with
respect to the adequacy or otherwise of the system of internal check and control,
tosethar with such recommendations which ~ appear proper.
We would be pleased to have the opportunity to serve as your auditors and, should
ve be selected, viII estimate an amount above which our charges would not go
ezcept for possible unforeseen problems. Our estimate would be based on our
hourly rates charged by us in connection vith governmental engagements, which are
1... than our usual rates charged to commercial clients.
W. viII De pleased to confer further with you if you so desire. May we thank
you for your inquiry and assure you of our desire to be of assistance to you.
Very truly yours,
PEAT, MARWICK, MITt;H.l!a.L &: CO.
~~-:~-,
~ame~ W. Leisner, Partner
.Mo:DS
'-~ .
-..-.~--,,""~-- ~~.~....--....--'""-.,~--~."'?--.....
-~-- - -
~ -~..."""'""_.-..-
r,_.LICY :
ADM IN ISTftA T LN:
rEAT, MARliICY.:, MITCHELL "'" CO.
Leoa} Gvver~~nt D91~~~m.nt LrgantzstlLn
}s..tn...s Cummittee cLrsisting u' mam'lers :.. rn -ai"esentative
a"'e8S '- f the Unl tej State8. lJ.w. Lei 8na~. Sen!,,'" I a..tner.
West Ceast ttegl.:.-n. 138 mSDl'lEH")
r8!tn4r-in-obarge: _8~J_ Maurit. - C'~C8g, L~ toe
;-c '.33L.na' Act'vltilJa:
Ame~lo8L Ir-stltuta, 0.1 .AJ3 - Y.e~ ~.. 8~j ,a,t ChB:~mAr.
v' L 08 G~va-nmer.t Cvu~ltta~
Mall' -8" - ;dvi .:3'_l"'Y C"n-.n" t tIJ"l
tc.. NCGA
MUnlO' ra~ Fir,ance ~:: Joe"'s ?ds.~cil'lti r - As." O~2tEl !ola!!, ""....
~.l?ic.n&: d"'~re5"3r.tativ~: W' iam A. Hent30ha . LU3 Anfle'~;c '_' loe
r"'~ ,9ss1"wL ;'cttV~tl8~:
Cf'~~:'vl"'r.i8 &.atety c: C.'.I;.'S
Ch8l~~n - Gcve-nment6
Aco~untinf &nj ~ualtln,
Cvnlll11 t 1;e ~
16.:3t Ch8i"~8n - SohL ~
Di~t~lot Acocuntinr C~mmittaa
Mero''e1" - SU.ccmroi tte8 tc
Dev81,-, i-- -\~3~i ns - C"U-3€1
Gcve...ntt!fjnt8~ Aoccur,ttng .n
C8] 1 t\.....nia
A')V1.3G"'Y Mem"~~" - }.~ur.loi~8~
Aw~~J ClJfl"llii tt"l~
Cf'.i 'v"ni~ C"lIlJI<ttel'! Of' Murial 81 Aoccuntlnf - C.-I' Marr 81'"
... "int Cca:mi ttaa -,1: S. ~ol" _ A3~8.:lSlll8nt A.ae _u"ltjr.~ -
A~v1d,-,~Y lo1"eJt11",r
MurjQI!a~ F]na~o~ S rloe-s ~~S(Oi9tivn - ~s5/ciate ~am e-
-~ . ~ ~~-~".., - ~,
'""",",:-- ~7 ~..... "'";P"-~ -;:-
... ...
L ,
L ~
60
MISGELLANEOU~
Gove'inmental
Alaska, State of - Department of Commerce
Alaska, State of - Department of Education
Alaska Department of Highways
Anchorage, City of
Anchorage, Ci ty of - Port and Terminal
?'acl.li ties Fund
PT Arizona State Ret~rement System
;rmy and Air Force Motion Picture Service
Auditor of Public Accounts, State of Illinois
Banco de Cooperativas de Puerto Rico
Beaver, City of
oeaver County School District
~o~rd of Educat~on, City of Albuquerque
30ard of Education, City of rDAha
aog~lusa (City of)
3orough of Bristol
Brookfield, Village of
Brookhaven, City of
3rookhaven Public Schools
3uroank, City of
Carlsoad (City of)
Carlsbad Municipal ~ter District
Carlsbad Union School District
Cedar Rapids Community School District of
L~nn County, iowa
Chicago, City of
Chlcago Land Clearance Commission
Clty of Troy School District
Contra Costa County Water District
Treated Water Division
Cordova, City of
Coronado (Clty of)
Count.y COlIll"'..issioners of Calvert County
0a v 1. S, CO un ty G f
:~vis County School District
Jes Moines Independent Community School
,Jl.strict
:llllr.gham P~blic Utility District No. 1
:ucnesne, County of
=1 Cajon (City of)
:="Cin, City of
~~~endorf Air Force Base Federal Credit Union
Vlllage of Flossmoor
lorest View, Village of
Fort Cobb Reservoir Master Conservancy District
Glenview Park District
--"---,...--->-....3'"-~~.-.
--~
Juneau, Alaska
Juneau, Alaska
Juneau, Alaska
Anchorage, Alaska
Anchorage, Alaska
Phoenix, Ariz.
Washington, D. C.
Springfield, Ill.
San Juan, P. R.
Baa ver Cl ty, Utah
Beaver City, Utah
Albuquerque, N. Mex.
Omaha, Nebr.
Bogalusa, La.
Bristol, Fa.
Brookfield, Ill.
Brookhaven, Mias.
Brookhaven, Mies.
Burbank, Calif.
Carlsoad, Ca~if.
Carlsbad, Calif.
Carlsbad, Calif.
Cedar RaplQS, Iova
Chicago, ::LI.
Chicago, Ill.
Troy) N. Y.
Concord, ;:;81~f.
Cordova, Alasi<:a
Coror.ndo, Calif.
Pr~n~e Frederlck, Md.
F'armlngtor., ;;-:-ah
FarmH.gton, U"ai:
ue3 MaInes, ~o~~
Dlllingham, h~fis~a
Duchesne, Utah
El CaJon, Calif.
Elgin, :1l.
Anchorage, Alsska
?lossmoor, Ill.
Forest View, Ill.
Anadarko, Okla.
Glenview, .I 11.
PT--Also listed under Pension Trusts and Supplementary Benefit Plans
( Continued;
~-
~ - ~, ~ ~~... ~.......-
", J'
1.. 1
.............-....,..,.._~~~~~~v~ ,("""- -
61
(Governmental - Continued)
~.
Harmony Community School District
Hava~i Department of Taxation
Hazlehurst, City of
Highland Park, City of
Village of Homewood
Hope (City of)
Illinois Armory Board
Illinois (State of) - Division of Highways
:llinois Public Aid Commission (state agency)
Illinois State Scholarship Commission
:llinois State Treasurer
Jackson, City of
Jackson Municipal Airport Authority
Jackson Municipal Separate School District
Jicar~lla - Apache Tribe
Kingman, City of
Kirkwood, City of
Lakewood, City of
Lincoln Board of Education
LOB Altos, City of
Los Angeles, City of
Los Angeles, City of, Department of Airports
Los hngeles, City of, Board of Pension
Commiss~oners
Los Angeles City Schools
Los Angeles County
:oulsville Board of Education
Louisville and Jefferson County Air Board
Xar~n (County or)
McHenry Community High School No.156
Mecklenburg COWlty ABC Board (state/county
controlled liquor stores)
Midland Independent School District
Mississippi Memorial Stadium
Monte Sereno, City of
Morganza, Village of
Mount Ayr Community School District
Municipal Board of Education
HO Municipal Tuberculosis Sanitarium of Chicago
Navajo Tribal Funds and Enterprises
New Mexico School for the Deaf
NeW' Mexico St& te Treasurer
New Millard, Town of .
New Roads, Town of
NeW' U~, City of
North Polk Enlarged CODlDunity School District
Northfield Woods Sanitar,y District
HQ--Also listed under Hospitals
Farmlngton, Iowa
Honolulu, Ha1Jail
Hazlehurst, M~ss.
Highland Park, Ill.
Homewood, Ill.
Hope, Ark.
Chicago, Ill.
Sprlngfield, Ill.
Springfield, Ill.
Deerfield, Ill.
Springfleld, Ill.
Jackson, Miss.
Jackson, Miss.
Jackson, Miss.
Dulce, N. Max.
Kingman, Ariz.
Kirll:W'ood, Mo.
Lakewood, Ohio
Lincoln, Nebr.
Los Altos, Calif.
Los Angeles, Calif.
Las Angeles, CBlif.
Los Angeles, Calif.
Los Angeles, Calif.
Los Angeles, Cal~f.
Louisville, Ky.
LouisVllle, Ky.
San Rafael, Calif.
McHenry, Ill.
Charlotte, N. C.
Midland, Tex.
Jackson, M1SS.
Monte Sereno, Calif.
MorganZljl., La.
Mount Ayr, ~o\Ja
Santa Fe, ~. Mex.
Chicago, Ill.
Window Rock, Ari z.
Santa Fe, N. Mex.
Santa Fe, N. Mex.
New Milford, Conn.
New Roads, La.
New Ulm, Minn.
Alleman, I ova
Glendew, Ill.
( Continued)
~-~
--~~ =-.~-<""';";~~;;-...-~ ...--~-"""""'"'-.." ~
ifI. ........ ~
t f
-~~-~-". -~- ~ - -
~ -. -
~~--.,;;;v
62
(Governmental - Continued)
.~-
~orth Sanpete School Dlstrict
Oa~ Park, Village of
Oceanslde (City of)
Oceanside Small Craft Water District
OffIce of Alien Property
Qm-q na , City 0 r
O~~na, Airport Authority of the City of
?a:isades Interstate Park Commission
Park Ridge, City of
Pearl Rlver Valley water Supp~ DistrIct
?ersh~ng Municipal Auditoriun
Phoenix, City of
Plaquemlne, Town of
?omerado County water District
P~blic Administrator of Cook County,
Cook County, Illinois
Public Utilities Commission of the City of
~ew Ulm
Pue blo of Laguna
Puerto Rico Ports Authority
Puerto Rlco Urban Renewal and Housing Corp.
Ralnbow Municipal Water District
Ramona Municipal Water District
Rancho Santa Fe Association
St. Clair County
St. ?rancis Levee District
Sac Benito, County of
San Jlego (County of)
San ~hego County Water Authority
San Diego Unified School District
San Jose, City of
Sar. ~Arcos County Water District
San ;.:a tea (County of)
5ar.peta, County of
Saratoga, City of
Saydel Consolidated School District
S<1ward, City of
Shelby County, Quarterly Court of
EI 3ou~nern Lllinois University
South Sanpete School District
Springville, City of
Stanton, City of
Stapleton Airfield
State Investment Council
Sugar House Park Authority
Sunnyvale, City of
Tucson (City of)
EI--Also listed under Educational Institutions
Mount Pleasant, Utah
Oak Park, Ill.
Oceanside, Callf.
Oceanside, Calif.
washington, D. C.
Omaha, Nebr.
Omaha, Nebr.
Bear Mountain, N. Y.
Park Ridge, Ill.
Jackson, Miss.
Llncoln, Nebr.
Phoenix, ArlZ.
Plaq uemine, La..
Pa....ay, Cahf.
Chicago 1 111.
New Hlm, Mi~.
Lagu11a, N. Mex.
San oJ uan, P. R.
San .Juan, P. R.
Fallbrook, CAlif.
Ramon.a, Cal~f.
Rancho Santa Fe, Calii.
St. Clalr COili~ty, :11.
Nest Memp~ls, Ark.
Holl1ster, Ca:if.
San 2ICgO, Gal:f.
San Jieuc, Cnllf.
Snn JleGc, CalIf.
~-)a'::1 J ase"t en. '"' ..;~.
Sa~ ~Brc0s, Cnllf.
Redwood Gl~y, Calif.
Mantl, UJar.
Sar~~ogH, C~l:i.
De9 Moin~s, =~~~
SewarCl, hlesk<'
M'CT~l-:..:.::, ':'enn.
Garo-::..r.da..i.e, '::l~.
;-1I~r.t:, U'Lah
3pri;,gv~11~, U~h
S:.ant.on, Tex.
iJf'mver, Cola.
7rcr..ton, N. J.
S~lt J~ke City, Utah
Sunnyvale, Calif.
Tucson, Ariz.
( Continued)
~""'-~--1!iiI!'.y;.,,-,"_
-'~
~ ,;:-";::c-_,--";::"-.tli~~~~..;!r~}:;3;.T-~_--"~~:~~il!!",,,,.'~~':~'"'~~,,,,,,,,,,,,,,,,,,,"'7"""-7~-""""~F~~~"-~"'r'~'-;' ~c;--
63
("
(Governmental - Continued)
Tyler (City of)
Village of Watkins Glen
Village of Wilmette
Village of Wolcott
Vista Irrigation District
Wheeling, Village ot
Wolcott Central School District
Woodstock (City of)
Other
.--
L
American Stock Exchange
Art Instruction, Inc.
Biochemical Procedures, Inc.
CJ Board of Christian Education of The United
Presqyterian Church in the United States
of America
Bushey & Sons, Inc. (Ira S.) and subsidiaries
Carnegie Hero Fund Commission
Cen tral Appraisal Bureau
Christian Record Benevolent Association, Inc.
Clark Estates, Inc.
Coleman Trust, G. L.
CorenSlolet, Inc.
Deep South Fashion Exhibitors
Edmundson Art Center, Inc.
Frye, Charles and ~~, Free Public Art
Museum, Incorporated
Gaynor-Dewitt
Golden State Arms
Gracelawn ~morial Park, Inc.
Guthrie, Tyrone, Theatre Founds tion
Hansen, Harold M., AIA
Harrim~n Interests
Hawaii Vis tors Bureau
Henderson Trusts
Honolulu Stock Exchange
Hunter Engineering Co.
International Development Services, Inc.
~nternat~onal House ~
International Trade Mart
:owa State Education Association
Jones, Estate of W. Alton
MCCAbe, Hamilton & Renny
Marrs snd Verna McLean Found& tion
CJ--Also listed under Church Organizations
;,;"
"
-_.._~~'.:
"-
,;;,~- -~!! ~--~~
Tyler, Tex.
Watkins Glen, N. Y.
Wi1me t te, 111.
Wolcott, N. Y.
Vista, Calif.
Whee ling, IlL
Wolcott, N. Y.
Woodstock, Ill.
New York, N. Y.
Minneapolis, Minn.
Los Angeles, Calif.
Philadelphia, Pa.
Brooklyn, N. Y.
Pittsburgh, Pa.
New Orleans, La.
Lincoln, Nebr.
New York, N. Y.
Miam~, Okla.
New Or leans, La.
New Orleans, La..
Des Moines, Iowa
Sea t tle, Wash.
San Franclsco, Calif.
Pasadena, Calif.
New Castle, Jel.
Minneapohs, Minn.
San ?ranc~sco, Calif.
New York, );. Y.
Honolulu, nawah
San Antonio, ?ex.
Honolulu, Hawa~i
Riverside, Calif.
tlew York, N. 1.
New Orleans, DB.
f;ew Orleans, 1.-1.
Des MOlnes, ~owa
New York, N. Y.
Honolulu, Hawail
San Antonio, Tex.
(Continued)
-~'..~:
...__~ :-'-:f
"
#":.-
~,jo--'-. ~-'[,~ ~c.-~''':< - ..~"VW"~~.....-..---=' -... ;P-_~ :;a-:....
~ ~T~~: ""-~ ~~~ ~.~~....,,:~~ "'~):_=.f(~~-;-~ ~4~_~~::::~~~_
ARTHUR YOUNG &. COMPANY
CERTI FI ED Pu BLle Accou NTANTS
L' =- A CAt..J'A;:;A~ M Ex'::a, 50U':'"":- Af.' ERIC,A.
GREAT e=-TAiN. CON-P,JENTAL E:.JClOPE
I'-AIDDL:::: ;:::AST, SOU..,..!- AFR"CA. AU5TR,A..IA
6!5 SOUTf-' ""LOWER STPEET
Los ANGELES 17
July 11) 1963
The Honorable Clty Council
Clty of Santa Monica
Santa Monica, California
Attentl0n: Mr. W. W. Dundore
Director of Finance-Clty Controller
Gentlemen and Dear Madam:
It was a pleasure to meet Mr. Dundore recently to dlSCUSS
the appointment OI audltors for the fiscal year ending June 30.
1964. As a result of our meeting we offer the fo11owlng com-
ments:
Our approach
If Arthur Young & Company ~s engaged as aud~tors for the
City, we would expect to render the follow1ug serVlces:
1. An audit of the financlal statements of the C1ty in
accordance with generally accepted audit1ng standards and along
the llnes indicated in "Check List for the Audit of Financial
Records of a California Ci ty" published by the League of CalJ.-
fornia Cities and the Californ1a Soc1ety of Certif1ed PubllC
Accountants. Such an audit would be of suff~c~ent scope to
enable us to express an ~nformed oPln1on on the fairness of the
f~nancial statements of the C~ty. The audit would result 1ll a
report by us on the combln~ng flnancial statements of all funds
for the year endlng June 30, 1964.
2. A survey of the accounting controls and procedures
together with a report or letter conta~ning our suggest10ns for
1mprovement. This survey would include an evaluation of capa-
bilit1es and present uses of your electron1c data processing
equipment by a member of our staff who is a spec1allst in this
field.
3. Informal advice and aSs1stance ~o the C1ty Controller
dur1ng the course of our audit. This would be d~rected toward
-':V~~..
. ':'~~ ~~~ -:- J ~:y~.-=-~
~ ..........-r-"' I>~~~ c ~
;~~.:
-'" ;,.,.?-~~~
r~_ "'-..
-,'
~~
2.
such th1ngs as assist1ng Mr. Dundore 10 hlS efforts TO slmpllfy
and speed up the preparatlon of your lnternal financ1al statements
and reports.
Qu! plan for assignment of personnel
Each of our audlt engagements 1S under Lhe over-all super-
vision of a partner of our flrm. In addition, another partner is
g1.ven the ass1.gnment which we call "Consulting Partner". The pur-
pose of this latter assignment 1S to prov1.de the partner 1.n charge
with assistance and cross-checklng and to keep an addltlonal member
of our flrm acqua1nted with the nature and progress of the audit,
so that in the event of an emergency requiring the absence of the
partner in charge, the serV1ce ~o our client wlll not be lnter-
rupted or delayed.
Each audlt engagement 1S also asslgned an audlt manager wr.o
d1rects the day-to-day activit1es of the staff auditors. The number
of staff men varies, of course, with the 51ze of the audlt. While
1.t 1S not feas1ble at this early date to make def1.n1.te assignments,
we have tentatively selected the personnel (and their alternates
1n case of non-availability) who will conduct the audlt If we are
appointed. A blograph1.cal sketch of these men is a~tached to this
letter as Schedule 1.
Our experience in the field of muniCIpal audltlng
A 11St of some of the current and recent audlts WhlCh our Los
Angeles office has performed for governmental and municipal clIents
1.8 attached to this letter as Schedule 2. Our fIrm does not spe-
c1alize in any partlcular type of audit; on the other hand, our
cl1ents 1nclude a wlde varIety of businesses, governmental actlvl-
ties and other organizat1ons throughout the free world,
Our fees
We charge our cllents for the serVIces of our people at vary-
109 rates dependIng upon the degree of skll1 and exper1ence of tce
1ndlvldual performing the serVlce. Our rates to governmental
bodIes generally represent our standard billIng TaLes for commer-
cial and IndustrIal cl1ents, reduced by 10%.
We do not know at this tIme the exac~ number of hours It w1ll
take us to perform the aud1t. Our emphaSIS wIll be on those parts
of the audIt which Involve materIal amounts and on the areas where
our work wll1 be of the most value to the City However, our
reV1ew of your reports has conv1nced us that we can perform tee
aud1t wlthin tlme limlts Wh1Ch would produce a fee WhICh would be
falr to the City and comparable to the amounts you have pa1d 1n
the past. We suggest that you tentat1vely select a f1rm of audl-
tors subject to the negot1ation of satlsfactory fee arrangements.
:JIIo~.-o- ~:
3,
If we are tte f1rm so tentat1vely selected. we shall be glad to
attempt to negotiate hourly rates and a maXlmum fee with the C1ty
Manager, or whoever you des~gnate. In the unlikely event that
these negotiat1ons do not result 1n an agreement, you would, of
course, then be free to negot~ate with other flrm8.
The partners of our flrm are anxious to meet the members
of the City Counc~l of Santa Mon1ca and each member 18 cordlally
invited to V1S1t our office or to call us if there are any que8-
tlons concernlng this letter.
Very truly yours,
ARTHUR YOUNG & COMPA~~
, I
By <
W. J, Mayhugh
Partner
""'
-~
Schedule 1
Biographical data of Personnel
proposed for assignment to
Audlt of finanClal statements
of the Clty of Santa MODlca
June 30, 1964
Walter H. Lohman, C.P.A., Partner
Presently in charge of an aud1t being performed for the
Los Angeles County 1963 Grand Jury. This engagement involves
the exam1nation of financial operatlons and records of various
departments, districts and funds of the County, as dlrected
by the Grand Jury. Mr. Lohman has also particlpated 1n the
direction of audits of the City of Los Angeles, the Los Angeles
C1ty School D1stricts, and examination of the County for prior
year's Grand Juries.
LeRoy H. Cole, C.P.A" Partner
Formerly chairman of the Joint committee of Municlpal
Awards of the California Soc1ety of Certified Public Account-
ants and the League of Callfornia Cit1es. Partner in charge
of var10US school distr1ct audits and currently ass1sting 1n
the examination of Los Angeles County for the Grand Jury.
Twenty-four years of dlversified audit~ng experience includ1ng
industrial, governmental, hospital and other non-proflt c11ents
of our San Francisco and Los Angeles offices.
W. J. Mayhugh, C,P.A., Partner
Aud1t manager and partner in charge, Los Angeles Harbor
Department audlt 1957 to 1959 Formerly audit manager on
various school distrlct audlts in Los Angeles County. Former
member of Governmental Account1ng Committee, Los Angeles Chap-
ter of Californla Society of Certified Pub11c Accountants.
Currently partner 1n charge of a w1dely diverslf1ed group of
audits ranging from very small businesses to one of the largest
corporations 1n the United States.
"' -t" ~
Schedule 1
Page 2
John Berg III, C.P,A" Audit Manager
Worked on the aud1t of the agencies of the Government
of Guam for the f1scal years 1956 through 1961. He was the
audit manager on this Job 1n 1960 and 1961. He 15 currently
work~ng on the Los Angeles County Grand Jury audit as an
audit manager. Has had exper1ence on a wide var1ety of non-
government audlts.
Honor graduate of Santa Mon1ca H1gh School and UCLA.
John J. French, C,P,A" Audlt Manager
Audlt1ng Off1cer, Un1ted States Alr Force 1954-1956.
prlor to J01ning Arthur Young & Company. In th15 capac1ty
aud1ted appropr1atlons, f1nance office, ma1ntenance and
supply actlvltles and other governmental unlts. Presently
worklng as audlt manager on Los Angeles County Grand Jury
audit. In addltion has had experlence as audlt manager on
a wlde variety of industrlal and commerclal clients.
Honor graduate of St. Monlca's High School, Loyola
Unlverslty and Unlversity of Southern Ca11fornia.
~
,
~ A ~ ~
Schedule 2
Governmental agencies audlted by
the Los Angeles office of
Arthur Young & Company
County of Los Angeles - 1963 County Grand Jury examinatlon
Mt. San Jacinto Winter Park Authorlty
Los Angeles Harbor Department - 1952 to 1959
Government of Guam 1951 to 1961
Charter Oak School District 1954 to 1962
Rowland Unlon School Distrlct 1954 and 1955
In additlon, our f1rm serves the City of Eureka, the Clty
of San Jose, City and County of Denver, Colorado; the City of
Buffalo, New York; Tarrant County, Texas; the State of Il11nols
and other governmental agencles in the United States. Our
serVlces range from complete audits to special assignments
involvlng management advisory serVice. We are also audltors
for utillty and translt companles in variOUS parts of the Unlted
States.
-....
~ '-...::--- -.:: ::....,..""01'" ~_" J< -_.<~~--
.~~
... ~ 01. _ -"
- j...V
~ { .;~:
'I ~ - ... -
- ,
,
, , ~ -'"
('
- rf
'.1,: -0
r
c)
.."
.>
~-
*>
"*;-
>
'oJ _
.)
,
, ' . I
I
-.jr """)
.t... j
-=~~~ ........~
, ,
1- ____ _
t.~
-...._~~ - ~ ~
j
I .