Cities Annual Report Fiscal Year 2003-04: Focus on Carmel-by-the-Sea

ABSTRACT:  The California State Controller’s Cities Annual Report (94^th 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 2003-04 is embedded.  A SUMMARY of date for the City of Carmel-by-the-Sea is presented.

Cities Annual Report FY 2002-03

SUMMARY: CITY OF CARMEL-BY-THE-SEA

Table 1. Cities Annual Report — Fiscal Year 2003-04

Carmel-By-The-Sea

Estimated Population June 30, 2004   4,102

2000 Federal Census 4,081

County Location Monterey

Class General Law

Table 3. Cities Annual Report — Fiscal Year 2003-04

Statement of Revenues

Functional Revenues $ 1,027,981

General Revenues $ 10,262,961

Total Revenues $ 11,290,942

Table 4. Cities Annual Report — Fiscal Year 2003-04

Statement of Expenditures

Operating Expenditures $10,500,845

Capital Outlay $2,209,159

Total Expenditures $12,710,004

Functional Revenues $1,027,981

Net Expenditures $11,682,023

Table 5. Cities Annual Report — Fiscal Year 2003-04

Statement of Long-Term Indebtedness

Total Carmel-By-The-Sea Long-Term Indebtedness

Amount Authorized $402,936

Amount Issued or Received $402,936

Current Year Redeemed or Repaid $44,000

Outstanding at End of Year $141,841

Total Future Lease Obligations $17,914,057

Table 6. Cities Annual Report — Fiscal Year 2003-04

2001-02 Assessed Valuations and Property Taxes Allocated and Levied

Carmel-By-The-Sea

Assessed Valuation

Locally Assessed $2,055,515,287

Exemptions $20,175,991

Net Assessed Valuation $2,035,339,296

Property Taxes Allocated

Secured and Unsecured $2,579,984

Homeowners $20,278

Total Property Taxes Allocated and Levied $2,600,262

Table 7. Cities Annual Report — Fiscal Year 2003-04

Appropriation Limit and Total Annual Appropriations Subject to the Limit

Carmel-By-The-Sea

Appropriation Limit $17,871,296

Total Annual Appropriations Subject to the Limit $8,666,072

 (Source: CitiesAnnual Report Fiscal Year 2003-04)