Cities Annual Report Fiscal Year 2001-02: Focus on Carmel-by-the-Sea

ABSTRACT:  The California State Controller’s Cities Annual Report (92^nd  edition) is a report which compiles “the financial data pertinent to the operation of California’s city governments; it presents the costs of providing an array of valuable public services, as well as the means by which those services are financed.”  The Cities Annual Report Fiscal Year 2001-02 is embedded.  A SUMMARY of date for the City of Carmel-by-the-Sea is presented.

Cities Annual Report FY 2001-02

SUMMARY: CITY OF CARMEL-BY-THE-SEA

Table 1. Cities Annual Report — Fiscal Year 2001-02

Carmel-By-The-Sea

Estimated Population June 30, 2002 4,084

2000 Federal Census 4,081

County Location Monterey

Class General Law

Table 3. Cities Annual Report — Fiscal Year 2001-02

Statement of Revenues

Functional Revenues $20,399,597

General Revenues $9,859,734 

Total Revenues $30,259,331

Table 4. Cities Annual Report — Fiscal Year 2001-02

Statement of Expenditures

Operating Expenditures $9,850,289

Capital Outlay $8,923,999

Total Expenditures $18,774,288

Functional Revenues $20,399,597

Net Expenditures $(1,625,309)

Table 5. Cities Annual Report — Fiscal Year 2001-02

Statement of Long-Term Indebtedness

Amount Authorized $513,892

Amount Issued or Received $513,892

Current Year Redeemed or Repaid $71,558

Outstanding at End of Year $261,416

Total Future Lease Obligations $19,585,954

Table 6. Cities Annual Report — Fiscal Year 2001-02

Assessed Valuations and Property Taxes Allocated and Levied

Assessed Valuation

Locally Assessed $1,775,213,324

Exemptions $19,152,310

Net Assessed Valuation $1,756,061,014

Property Taxes Allocated

Secured and Unsecured $2,387,857

Homeowners $24,059

Total Property Taxes Allocated and Levied $2,411,916

Table 7. Cities Annual Report — Fiscal Year 2001-02

Appropriation Limit and Total Annual Appropriations Subject to the Limit

Appropriation Limit $17,264,939

Total Annual Appropriations Subject to the Limit $8,910,862

(Source: Cities Annual Report Fiscal Year 2001-02)