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City of Alameda Comprehensive Annual Financial Report to be Delivered This Tuesday

Tomorrow, Alameda city staff will deliver to City Council the Comprehensive Annual Financial Report for the fiscal year ended June 30, 2009.

The full report is available from the City Clerk. Below is an excerpt from the staff report:

The City of Alameda had net assets of $334,629,989 as of June 30, 2009. This represents an increase of $6,918,632 from the prior fiscal year. Total debt decreased by $3,887,958 during the year. The General Fund is the chief operating fund of the City of Alameda. At June 30, 2009 , the City s General Fund had a fund balance of $21 ,514,121 which included unrestricted, unreserved available cash of $11,704 977; $6, 152 052 due from other funds; $400,000 as a designated reserve for fire station improvements; a designated increase in fair value of investment of $198,185, [sic] and $3,058,907 as a reserve for equipment replacement.

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