Cities Annual Report Fiscal Year 2004-05: Focus on Carmel-by-the-Sea

ABSTRACT:  The California State Controller’s Cities Annual Report (9^5th  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 2004-05 is embedded.  A SUMMARY of date for the City of Carmel-by-the-Sea is presented.

Cities Annual Report FY 2004-05

SUMMARY: CARMEL-BY-THE-SEA

Table 1. Cities Annual Report — Fiscal Year 2004-05

Carmel-By-The-Sea

Estimated Population June 30, 2005 4,078

2000 Federal Census 4,081

County Location Monterey

Class General Law

Table 3. Cities Annual Report — Fiscal Year 2004-05

Statement of Revenues

Functional Revenues $911,652

General Revenues $10,997,668

Total Revenues $11,909,320

Table 4. Cities Annual Report — Fiscal Year 2004-05

Statement of Expenditures

Operating Expenditures $11,297,248

Capital Outlay $443,870

Total Expenditures $11,741,118

Functional Revenues $911,652

Net Expenditures $10,829,466

Table 5. Cities Annual Report — Fiscal Year 2004-05

Statement of Long-Term Indebtedness

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

Amount Authorized $367,320

Amount Issued or Received $367,320

Current Year Redeemed or Repaid $44,872

Outstanding at End of Year $96,969

Total Future Lease Obligations $16,684

Table 6. Cities Annual Report — Fiscal Year 2004-05

Assessed Valuations and Property Taxes Allocated and Levied

Assessed Valuation

Locally Assessed $2,300,718,966

Exemptions $19,902,332

Net Assessed Valuation $2,280,816,634

Property Taxes Allocated

Secured and Unsecured $3,122,903

Homeowners $19,465

Total Property Taxes Allocated and Levied $3,142,368

Table 7. Cities Annual Report — Fiscal Year 2004-05

Appropriation Limit and Total Annual Appropriations Subject to the Limit

Carmel-By-The-Sea

Appropriation Limit $18,085,752

Total Annual Appropriations Subject to the Limit $10,725,661

 (Source: CitiesAnnual Report Fiscal Year 2004-05)