Cities Annual Report Fiscal Year 2006-07: Focus on Carmel-by-the-Sea

ABSTRACT:  The California State Controller’s Cities Annual Report (97^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 2006-07 is embedded.  A SUMMARY of date for the City of Carmel-by-the-Sea is presented.

Cities Annual Report FY 2006-07

SUMMARY: CARMEL-BY-THE-SEA

Table 1. Cities Annual Report — Fiscal Year 2006-07

Carmel-By-The-Sea

Estimated Population June 30, 2007 4,053

2000 Federal Census 4,081

County Location Monterey

Class General Law

Table 3. Cities Annual Report — Fiscal Year 2006-07

Statement of Revenues

Functional Revenues $1,026,775

General Revenues $12,651,087                       

Total Revenues $13,677,862

Table 4. Cities Annual Report — Fiscal Year 2006-07

Statement of Expenditures

Operating Expenditures $11,281,736

Capital Outlay $495,415

Total Expenditures $11,777,151

Functional Revenues $1,026,775

Net Expenditures $10,750,376

Table 5. Cities Annual Report — Fiscal Year 2006-07

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 $14,600,207

Table 6. Cities Annual Report — Fiscal Year 2006-07

2001-02 Assessed Valuations and Property Taxes Allocated and Levied

Carmel-By-The-Sea

Assessed Valuation

Locally Assessed $2,714,288,029

Exemptions $20,923,154

Net Assessed Valuation $2,693,364,875

Property Taxes Allocated

Secured and Unsecured $3,693,657

Homeowners $18,707

Total Property Taxes Allocated and Levied $3,712,364

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 $21,074,725

Total Annual Appropriations Subject to the Limit $12,239,053

 (Source: Cities AnnualReport Fiscal Year 2006-07)