Loading...
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 .