2015.pdf

Granted Public Trust Lands Standardized Reporting Form for the City of Eureka, with a fiscal/calendar year not specified. The grantee name is City of Eureka, with contact person Wendy Howard and phone number 707-441-4114. The mailing address is 531 K Street, Eureka, CA 95501.

1. Funds: A separate fund is not maintained for trust assets, liabilities, revenues, and expenditures, and they are accounted for in the Harbor Fund. Separate financial statements are not prepared for the trust, and they are included in the City of Eureka Financial Statements, June 30, 2015, pages 16-25.

2. Revenue: The gross revenue received or generated from trust land or trust assets during the past fiscal year is $921,811. The sources of revenue and amounts are listed in the attached Revenue & Expense Report.

3. Expenses: The total expenditure of funds received or generated from trust land or assets during the past fiscal year is $1,138,937. Expenses allocated or charged directly to the trust are listed in the Revenue & Expense Report. There have been no capital improvements over $250,000 within the current fiscal year, and none are expected in the next fiscal year.

4. Beginning and Ending Balance: The beginning balance for the tidelands trust fund is $921,811, and the ending balance is $1,138,937, as per the attached Revenue & Expense Report.