Cities Annual Report Fiscal Year 2002-03: Focus on Carmel-by-the-Sea

ABSTRACT:  The California State Controller’s Cities Annual Report (93rd  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 2002-03 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 2002-03

Carmel-By-The-Sea

Estimated Population June 30, 2003 4,094

2000 Federal Census 4,081

County Location Monterey

Class General Law

Table 3. Cities Annual Report — Fiscal Year 2002-03

Statement of Revenues

Functional Revenues $3,527,279

General Revenues $9,423,150

Total Revenues $12,950,429

Table 4. Cities Annual Report — Fiscal Year 2002-03

Statement of Expenditures

Operating Expenditures $10,927,804

Capital Outlay $12,755,260

Total Expenditures $23,683,064

Functional Revenues $3,527,279

Net Expenditures $20,155,785

Table 5. Cities Annual Report — Fiscal Year 2002-03

Statement of Long-Term Indebtedness

Amount Authorized $513,892

Amount Issued or Received $513,892

Current Year Redeemed or Repaid $75,573

Outstanding at End of Year $185,843

Total Future Lease Obligations $18,710,057

Table 6. Cities Annual Report — Fiscal Year 2002-03

2001-02 Assessed Valuations and Property Taxes Allocated and Levied

Assessed Valuation

Locally Assessed $1,933,540,312

Exemptions $20,089,079

Net Assessed Valuation $1,913,451,233

Property Taxes Allocated

Secured and Unsecured $2,605,884

Homeowners $22,410

Total Property Taxes Allocated and Levied $2,628,294

Table 7. Cities Annual Report — Fiscal Year 2002-03

Appropriation Limit and Total Annual Appropriations Subject to the Limit

Carmel-By-The-Sea

Appropriation Limit $17,275,298

Total Annual Appropriations Subject to the Limit $8,663,072

 (Source: CitiesAnnual Report Fiscal Year 2002-03)