COM 0162.000 2022-2024 - Laserfiche WebLink

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Revenue by Source—Governmental Activities Year Ended June 30,2022 Grants and contributions not restricted to specific Other, $1,698,844 programs, $638,219 Investment earnings, $190,002 Charges for services, $59,815,972 Othertaxes, $119,947,854 Operating grants and contributions, $102,386,921 Capital grants and contributions, $36,716,672 Property taxes, $372,144,094 Business-type activities. Business-type activities net position increased by$226,000 and had an extremely minimal impact on the increase in the County's net position overall. The largest factor that contributed to the increase is the capital asset transfer from the governmental activities of $176,000. Expenses for health,education and welfare account for all of the $728,454 of expenses which represents a 2 percent decrease from the prior year,with the largest decrease occurring in the area of general administration charges. Charges for services were $500,472 and operating grants and contributions were $277,837,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 2022,the County's governmental funds reported combined ending fund balances of$376.4 million, an increase of$42.6 million(13 percent)in comparison with prior year. Approximately 36 percent of this total amount($135.9 million)constitutes unrestricted fund balance. The unrestricted portion of the fund balance is comprised of(1) $58.8 million in committed fund balance, (2)$50.4 million in assigned fund balance, and(3)$26.6 million in unassigned fund balance. The remainder of the fund balance is divided between $8.3 million in nonspendable fund balance for inventory and prepaid items and$232.2 million in restricted fund balance. Approximately 83 percent of the total restricted fund balance is due to restrictions relating to highways, streets and abandoned vehicles($144.8 million) and debt service -23 -