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General Fund
<br /> The following tables summarize information taken from Seal Beach's audited financial statements
<br /> regarding its General Fund Balance Sheet and Statement of Revenues, Expenditures and Changes in General Fund
<br /> Balances for the past three (3) fiscal years:
<br /> CITY OF SEAL BEACH
<br /> GENERAL FUND BALANCE SHEET
<br /> Years Ending 1992-93 through 1994-95
<br /> Assets 1992-93 1993-94 1994-95
<br /> Cash and investments $ 186,611 $ 319,698 $2,897,277
<br /> Cash with fiscal agent 0 2,061,828 0
<br /> Receivables:
<br /> Taxes 338,628 518,755 558,674
<br /> Grants 0 41,946 13,660
<br /> Accrued revenue 549,467 301,047 396,888
<br /> Due from other funds 3,887 0 0
<br /> Due from Redevelopment Agency funds 215,000 317,481 327,822
<br /> Due from PERS 194,432 153,128
<br /> Restricted assets:'
<br /> 276,103
<br /> Cash and investments 0 0 0
<br /> Deferred compensation 0 0 0
<br /> Amount available in debt service fund 0 0 0
<br /> Amount to be provided for payment of long-term debt 0 0 0
<br /> Total Assets and Other Debits $1,488,025 $3,713,883 $4,470,424
<br /> Liabilities and Fund Equity
<br /> Liabilities:
<br /> Accounts payable $ 252,326 $ 115,140 $ 269,470
<br /> Accrued liabilities 211,408 197753 390,563
<br /> Deposits 00, 0
<br /> Due to other funds 575,872 0 0
<br /> Deferred revenue 409,432 381,028 241,574
<br /> Payable from restricted assets:
<br /> Accrued revenue bond interest 0 0 0
<br /> Deferred compensation 0 0 0
<br /> Tax Revenue Anticipation Notes 0 2,061828 2,100,000
<br /> Other long-term liabilities 00, 0
<br /> Total Liabilities 1,449,038 2,755,749 3,001,607
<br /> Fund Equity:
<br /> Retained earnings:
<br /> Reserved 0 0 0
<br /> Unreserved 0 0 0
<br /> Fund balance:
<br /> Reserved 0 227,900 276,103
<br /> Unreserved-designated 38,987 730,234 1,192,714
<br /> Total Fund Equity 38 987 958,134 1,468,817
<br /> Total Liabilities and Fund Equity $1,488,025 $3,713,883 $4,470,424
<br /> Source: City of Seal Beach Comprehensive Annual Financial Reports,Fiscal Years 1992-93, 1993-94 and 1994-95;the annual financial reports are
<br /> available from Seal Beach and investors are encouraged to review the entire reports, including the notes therein, before making an investment
<br /> decision with respect to the Bonds.
<br /> B-79
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