City Pacific plans to pay a dividend of $33 million, or 15 cents a share, fully franked, on April 30. That gives management about ten weeks to raise a loan, sell assets or otherwise finance the payment; at least based on the December 2007 financial statements published by the company yesterday.The property developer and fund manager (which partly finances the former from the activities of the latter) had cash at bank on 31 December 2007 of $2.7 million.Receivables of $138 million - mainly mortgage loans of $100 million - might fund the dividend. Further bank loans might as well. City Pacific at the end of the year had drawn $99 million of a $100 million Commonwealth Bank facility.City Pacific deconsolidated the City Pacific Mortgage Fund and the City Pacific Income Fund from its balance sheet from the beginning of December.Notes to the financial statement say that directors "resolved that the company would no longer provide the funds with financial support in the event of a loss".The company presented a couple of odd numbers on its assets under management. One dot point in a slide on its funds management business shows total funds under management at $964 million. The next dot point shows total assets in the City Pacific First Mortgage Fund as $1.15 billion.Loans to projects owned or part owned by City Pacific were $187 million at December 2007, equal to 16 per cent of the assets of the City Pacific Mortgage Fund, which is a decline on some prior periods.