Cities Annual Report Fiscal Year 2005-06: Focus on Carmel-by-the-Sea

ABSTRACT:  The California State Controller’s Cities Annual Report (96^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 2005-06 is embedded.  A SUMMARY of date for the City of Carmel-by-the-Sea is presented.

Cities Annual Report FY 2005-06

SUMMARY: CARMEL-BY-THE-SEA

Table 1. Cities Annual Report — Fiscal Year 2005-06

Carmel-By-The-Sea

Estimated Population June 30, 2006 4,038

2000 Federal Census 4,081

County Location Monterey

Class General Law

Table 3. Cities Annual Report — Fiscal Year 2005-06

Statement of Revenues

Functional Revenues $1,068,059

General Revenues $11,394,199                       

Total Revenues $12,462,258

Table 4. Cities Annual Report — Fiscal Year 2005-06

Statement of Expenditures

Operating Expenditures $10,572,446

Capital Outlay $909,911

Total Expenditures $11,482,357

Functional Revenues $1,068,059

Net Expenditures $10,414,298

Table 5. Cities Annual Report — Fiscal Year 2005-06

Statement of Long-Term Indebtedness

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

Amount Authorized $311,820

Amount Issued or Received $311,820

Current Year Redeemed or Repaid $ —

Outstanding at End of Year $ —

Total Future Lease Obligations $15,380,695

Table 6. Cities Annual Report — Fiscal Year 2005-06

2001-02 Assessed Valuations and Property Taxes Allocated and Levied

Carmel-By-The-Sea

Assessed Valuation

Locally Assessed $2,522,522,656

Exemptions $19,657,837

Net Assessed Valuation $2,502,864,819

Property Taxes Allocated

Secured and Unsecured $3,433,478

Homeowners $19,241

Total Property Taxes Allocated and Levied $3,452,719

Table 7. Cities Annual Report — Fiscal Year 2005-06

Appropriation Limit and Total Annual Appropriations Subject to the Limit

Carmel-By-The-Sea

Appropriation Limit $18,257,633

Total Annual Appropriations Subject to the Limit $11,482,357

 (Source: CitiesAnnual Report Fiscal Year 2005-06)