COUNTY of MONTEREY STATE of CALIFORNIA
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Bixby Creek Bridge and the Big Sur Coastline Eighteen miles south of Carmel stands one of the world's highest single-span concrete arch bridges. Its beauty is matched only by the ocean waves crashing on the rocky coastline below. Reaching over 260 feet high and over 700 feet long, it's a structural masterpiece, and probably the most photographed object along the coastal route. The bridge was completed on October 15, 1932, and ceremoniously dedicated on November 27th. Today the exquisite structure is commonly called Bixby Bridge, although in the past it had been referred to as: Bixby Creek Bridge, Bixby's Bridge, Mill Creek Bridge, or Rainbow Bridge. "Bixby" stems from Mr. Charles Henry Bixby (a cousin of United States President James K. Polk), an early settler in the area. Originally from Livingston County, New York, he came to the Monterey Peninsula in 1868. His purchase, improvement, and development of large tracts of land gave him the legacy of being the most instrumental in the opening of the Sur area. Lumber, shakes, shingles, railroad ties, trench posts and tan bark, processed through a mill, were shipped north from a stretch of land known as Bixby Landing. Later it was a shipping point of lime for the Monterey Lime Company. The Mill name didn't come, as one might think, from a family named Mill. It originated from Mr. Bixby's sawmill, built along the creek. This name is sometimes used interchangeably with Bixby when describing such places as the creek, bridge, and landing. The name Rainbow stems from a nearby resort, Rainbow Lodge, operated by an Army Captain, Howard Sharpe and his wife, Frida. The Sharpes bought the ranch in the Bixby Creek Canyon in 1919 with the prospect of profiting from tourist dollars. Using his engineering experience during his off-season time, he built and improved a dirt road from the lodge up the canyon to Bixby Landing and another road down to the beach at the mouth of Bixby Creek. In 1930 the Sharpes sold part of the Bixby Landing right-of-way to the State of California for its construction of Highway 1 and the bridge. Of the five bridges built along the 30-mile highway on the central coast Bixby remains the most admired. Although there is an actual Big Sur Village 25 miles south of Carmel, "Big Sur" refers to the entire 90-mile stretch of coastline between Carmel and San Simeon, blessed on one side by the majestic Santa Lucia Range and on the other by the rocky Pacific coastline. Jagged cliffs pummeled by surf line the Pacific Coast Highway along Big Sur, creating some of California's most memorable ocean vistas between Carmel and the northern tip of San Luis Obispo County. Gray whales migrate past twice a year, and elephant seals bask on the sandy shores. Luxury hotels, restaurants and art galleries cluster in a six-mile strip, giving way to redwood-filled state parks on either side. Cover photograph courtesy of Ma Mon COUNTY of MONTEREY STATE of CALIFORNIA COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Fiscal Year Ended June 30, 2009 Prepared and Submitted by the Office of the Auditor-Controller Michael J. Miller, CPA, CISA This page is intentionally left blank. COUNTY OF MONTEREY COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Year Ended June 30, 2009 Table of Contents Page INTRODUCTORY SECTION Letter of Transmittal .......................................................................................................................... i-ix Award for Achieving Excellence in Financial Reporting............................................................. x-xi Directory of County Officials ............................................................................................................ xii Organizational Structure .................................................................................................................... xiii FINANCIAL SECTION Independent Auditor’s Report............................................................................................................ 1-2 Management’s Discussion and Analysis (Required Supplementary Information) ............................ 3-16 Basic Financial Statements: Government-Wide Financial Statements: Statement of Net Assets ........................................................................................................... 19 Statement of Activities............................................................................................................. 20-21 Fund Financial Statements: Governmental Funds: Balance Sheet...................................................................................................................... 25 Reconciliation of the Governmental Funds Balance Sheet to the Governmental-Wide Statement of Net Assets – Governmental Activities ....................... 26 Statement of Revenues, Expenditures, and Changes in Fund Balances.............................. 27 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Governmental-Wide Statement of Activities – Governmental Activities........................................................... 28 Statement of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual: General Fund....................................................................................................................... 29 Community Development ................................................................................................... 30 Proprietary Funds: Statement of Net Assets...................................................................................................... 31 Statement of Revenues, Expenses, and Changes in Net Assets .......................................... 32 Statement of Cash Flows..................................................................................................... 33-34 Fiduciary Funds: Statement of Fiduciary Net Assets ...................................................................................... 35 Statement of Changes in Fiduciary Net Assets ................................................................... 36 Notes to the Financial Statements................................................................................................. 37-84 COUNTY OF MONTEREY COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Year Ended June 30, 2009 Table of Contents Page FINANCIAL SECTION (continued) Required Supplementary Information (Other than MD & A): Schedules of Funding Progress County of Monterey Employees’ Retirement Plan .................................................................. 87 County of Monterey Retiree Healthcare Plan .......................................................................... 88 Supplementary Information: Nonmajor Governmental Funds: Combining Balance Sheet...................................................................................................... 93 Combining Statement of Revenues, Expenditures and Changes in Fund Balances............... 94 Special Revenue Funds: Nonmajor Special Revenue Funds: Definition .......................................................................................................................... 95-96 Combining Balance Sheet................................................................................................. 97-101 Combining Statement of Revenues, Expenditures and Changes in Fund Balances.......... 102-106 Budgetary Comparison Schedules: Road Fund.................................................................................................................... 107 County Library Fund.................................................................................................... 108 In-Home Support Services........................................................................................... 109 Fish and Game Propagation......................................................................................... 110 Office of Employment Training................................................................................... 111 Community Services.................................................................................................... 112 Inclusionary Housing................................................................................................... 113 Disaster Assistance....................................................................................................... 114 Productivity Investment ............................................................................................... 115 Lakes Resort Parks....................................................................................................... 116 Emergency Medical Services ....................................................................................... 117 Fort Ord Reuse............................................................................................................. 118 Nacimiento Hydroelectric Operations.......................................................................... 119 Water Resources Agency............................................................................................. 120 County Service Areas................................................................................................... 121 Sanitation Districts....................................................................................................... 122 Redevelopment Agency – Set Aside Fund................................................................... 123 Debt Service Funds: Nonmajor Debt Service Funds: Definition .........................................................................................................................