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3 CITY OF PASADENA
AIR QUALITY IMPROVEMENTS FUND
Balance Sheet
June 30, 2023
Assets:
Cash and investments 259,933$
Due from other governments 46,128
Interest receivable 442
Total Assets 306,503$
Liabilities and Fund Balance:
Liabilities:
Accounts payable 3,300$
Total Liabilities 3,300
Fund Balance:
Restricted for air quality improvements 303,203
Total Fund Balance 303,203
Total Liabilities and Fund Balance 306,503$
See Notes to Financial Statements
4 CITY OF PASADENA
AIR QUALITY IMPROVEMENTS FUND
Statement of Revenues, Expenditures and
Changes in Fund Balance
For the Year Ended June 30, 2023
Revenues:
Intergovernmental 230,374$
Investment earnings 2,757
Total Revenues 233,131
Expenditures:
Contract services 42,101
Total Expenditures 42,101
Net Change in Fund Balance 191,030
Fund Balance:
Beginning of Year 112,173
End of Year 303,203$
See Notes to Financial Statements.
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7 CITY OF PASADENA
AIR QUALITY IMPROVEMENTS FUND
Budgetary Comparison Schedule
For the Year Ended June 30, 2023
Variance with
Final Budget
Positive
Original Final Actual (Negative)
Revenues:
Intergovernmental 170,000$ 170,000$ 230,374$ 60,374$ Investment earnings (1,874) (1,874) 2,757 4,631 Total Revenues 168,126 168,126 233,131 65,005 Expenditures:
Contract services 172,388 172,388 42,101 130,287 Total Expenditures 172,388 172,388 42,101 130,287 Net Change in Fund Balance (4,262) (4,262) 191,030 195,292 Fund Balance:
Beginning of Year - 112,173 112,173 - End of Year (4,262)$ 107,911$ 303,203$ 195,292$ Budget Amounts
See Notes to Financial Statements.
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