Cities Annual Report Fiscal Year 2008-09: Focus on Carmel-by-the-Sea

ABSTRACT:  The California State Controller’s Cities Annual Report (99^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 2008-09

SUMMARY: CARMEL-BY-THE-SEA

Table 1. Cities Annual Report — Fiscal Year 2008-09

Carmel-By-The-Sea

Estimated Population June 30, 2009 4,037

2000 Federal Census 4,081

County Location Monterey

Class General Law

Table 3. Cities Annual Report — Fiscal Year 2008-09

Statement of Revenues

Functional Revenues $1,150,492

General Revenues $12,083,465

Total Revenues $13,233,957

Table 4. Cities Annual Report — Fiscal Year 2008-09

Statement of Expenditures

Operating Expenditures $12,921,699

Capital Outlay $1,138,082

Total Expenditures $14,059,781

Functional Revenues $1,150,492

Net Expenditures $12,909,289

Table 5. Cities Annual Report — Fiscal Year 2008-09

Statement of Long-Term Indebtedness

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

Amount Authorized $444,909

Amount Issued or Received $444,909

Current Year Redeemed or Repaid $ 8,927

Outstanding at End of Year $435,982

Total Future Lease Obligations $13,065,428

Table 6. Cities Annual Report — Fiscal Year 2008-09

Assessed Valuations and Property Taxes Allocated and Levied

Assessed Valuation

Locally Assessed $2,986,491,019

Exemptions $21,711,254

Net Assessed Valuation $2,964,779,765

Property Taxes Allocated

Secured and Unsecured $4,075,789

Homeowners $24,086

Total Property Taxes Allocated and Levied $4,099,875

Table 7. Cities Annual Report — Fiscal Year 2008-09

Appropriation Limit and Total Annual Appropriations Subject to the Limit

Carmel-By-The-Sea

Appropriation Limit $23,951,177

Total Annual Appropriations Subject to the Limit $14,249,110

 (Source: CitiesAnnual Report Fiscal Year 2008-09)