City of Santa Cruz
Comprehensive Annual Financial ReportFor the year ended June 30, 2006Table of Contents
PageINTRODUCTORY SECTION
Transmittal Letter...................................................................................................................................................iMap of Santa Cruz...............................................................................................................................................viiOrganization Chart...........................................................................................................................................viiiDirectory of City Officials of the City of Santa Cruz.......................................................................................ix
FINANCIAL SECTIONIndependent Auditors’ Report
...........................................................................................................................1
Management’s Discussion and Analysis
.........................................................................................................3
Basic Financial Statements:
Government-Wide Financial Statements:Statement of Net Assets..........................................................................................................................20Statement of Activities and Changes in Net Assets...........................................................................22Fund Financial Statements:
Government Fund Financial Statements
:Balance Sheet.....................................................................................................................................28Reconciliation of the Governmental Funds Balance Sheetto the Government-Wide Statement of Net Assets................................................................29Statement of Revenues, Expenditures and Changes in Fund Balances....................................30Reconciliation of the Governmental Funds Statement of Revenues,Expenditures and Changes in Fund Balances to the Government-WideStatement of Activities and Changes in Net Assets..............................................................31
Proprietary Fund Financial Statements:
Statement of Net Assets...................................................................................................................34Statement of Revenues, Expenses and Changes in Net Assets..................................................38Statement of Cash Flows..................................................................................................................40
Fiduciary Fund Financial Statements:
Statement of Fiduciary Net Assets.................................................................................................46Statement of Changes in Fiduciary Net Assets.............................................................................47Index to Notes to Basic Financial Statements............................................................................................49Notes to Basic Financial Statements............................................................................................................51