COM 0770.000 2020-2022 - Laserfiche WebLink

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Revenue by Source—Governmental Activities Year Ended June 30,2021 Grants and contributions not restricted to specific Other, $1,225,852 programs, $556,488 Investment earnines, $552,408 Charges for services, / $52,163,107 Other taxes, $85,477,138 J Operating grants and contributions, $165,236,320 Property taxes, Capital grants and $359,304,950 contributions, $28,772,337 Business-type activities. Business-type activities net position increased by$1.7 million but had an extremely minimal impact on the increase in the County's net position overall. The reason for this is due to the capital asset transfer from the governmental activities of$1.7 million. Expenses for health,education and welfare account for all of the $740,211 of expenses which represents a 15 percent increase from the prior year,due mainly to increases of approximately$131,300 in the area of general administration charges. Charges for services were $485,498 and operating grants and contributions were $262,821,which were comparable to the prior year. FINANCIAL ANALYSIS OF THE COUNTY'S FUNDS As noted earlier,the County uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. Governmental funds. The focus of the County's governmental funds is to provide information on near-term inflows,outflows, and balances of spendable resources. Such information is useful in assessing the County's financing requirements. In particular,unrestricted fund balance may serve as a useful measure of a government's net resources available for spending at the end of the fiscal year. As of the end of fiscal year 2021,the County's governmental funds reported combined ending fund balances of$333.9 million, an increase of$82.8 million (33 percent)in comparison with prior year. Approximately 28 percent of this total amount($94.6 million)constitutes unrestricted fund balance. The unrestricted portion of the fund balance is comprised of(1) $49.8 million in committed fund balance, (2) $40.5 million in assigned fund balance, and (3) $4.3 million in unassigned fund balance. The remainder of the fund balance is divided between $9.5 million in nonspendable fund balance for inventory and$229.8 million in restricted fund balance. Approximately 77 percent of the total restricted fund balance is due to restrictions relating to highways, streets and abandoned vehicles ($132.7 million) and debt service ($45.0 million). - 22 -