Cities Annual Report Fiscal Year 2007-08: Focus on Carmel-by-the-Sea

ABSTRACT:  The California State Controller’s Cities Annual Report (98^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 2007-08 is embedded.  A SUMMARY of date for the City of Carmel-by-the-Sea is presented.

Cities Annual Report FY 2007-08

SUMMARY: CITY OF CARMEL-BY-THE-SEA

Table 1. Cities Annual Report — Fiscal Year 2007-08

Carmel-By-The-Sea

Estimated Population June 30, 2008 4,049

2000 Federal Census 4,081

County Location Monterey

Class General Law

Table 3. Cities Annual Report — Fiscal Year 2007-08

Statement of Revenues

Functional Revenues $1,675,877

General Revenues $12,879,677

Total Revenues $14,555,554   

Table 4. Cities Annual Report — Fiscal Year 2007-08

Statement of Expenditures

Operating Expenditures $13,128,389

Capital Outlay $714,052

Total Expenditures $13,842,441

Functional Revenues $1,675,877

Net Expenditures $12,166,564

Table 5. Cities Annual Report — Fiscal Year 2007-08

Statement of Long-Term Indebtedness

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

Amount Authorized $ —

Amount Issued or Received $ —

Current Year Redeemed or Repaid $ —

Outstanding at End of Year $ —

Total Future Lease Obligations $13,616,768

Table 6. Cities Annual Report — Fiscal Year 2007-08

2001-02 Assessed Valuations and Property Taxes Allocated and Levied

Carmel-By-The-Sea

Assessed Valuation

Locally Assessed $2,903,487,957

Exemptions $21,293,320

Net Assessed Valuation $2,882,194,637

Property Taxes Allocated

Secured and Unsecured $3,963,283

Homeowners $19,536

Total Property Taxes Allocated and Levied $3,982,819

Table 7. Cities Annual Report — Fiscal Year 2007-08

Appropriation Limit and Total Annual Appropriations Subject to the Limit

Carmel-By-The-Sea

Appropriation Limit $22,153,751

Total Annual Appropriations Subject to the Limit $11,557,378

 (Source: CitiesAnnual Report Fiscal Year 2007-08)