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Analysis of Changes in Net Position
<br />Governmental activities. Governmental activities decreased the County's net position by $1 l .9
<br />million, which represented all of the total decrease in net position of the County.
<br />The primary reasons for the $39.7 million (8 percent) iticrease in total revenues was due to
<br />property taxes increasing by approximately $11.7 million, which was due to increases in the value
<br />of net taxable real property, of which the most notable was a $634.9 million increase in the
<br />homeowners class that represented an 9 percent increase from the prior year, and then followed
<br />by a $466,1 trillion increase in the residential class (5 percent increase). Other taxes in General
<br />Revenues increased by approximately $18.5 million, which related the newly assessed general
<br />excise tax surcharge that was restricted to uses relating to the highways and streets projects.
<br />Total expenses increased by $31.2 million, which represented a 6 percent change from the prior
<br />year. There were the typical increases in salaries and wages and related employment benefit costs
<br />across all functions in the current fiscal year.
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<br />Condensed Statements of Activities
<br />For the
<br />Fiscal Years Ended June 30, 2419 and 2018
<br />Primary Government
<br />Governmental Activities Business -type Activilies
<br />Total
<br />Q
<br />2019 2019 22018
<br />2019_
<br />2018
<br />Revenues:
<br />Program revenues:
<br />Charges for services
<br />$ 55,359,674
<br />$ 50,576,723 $ 510,352 $ 503,597
<br />$ 55,870,026
<br />$ 51,080,320
<br />Operating grants and contributions
<br />64,285,842
<br />57,600,066 261,848 224,921
<br />64,547,690
<br />57,600.066
<br />Capital grants and contributions
<br />28,375,566
<br />31,530,719 - -
<br />28,375,566
<br />31,530,7!9
<br />General revenues:
<br />Property taxes
<br />315,969,118
<br />364,294,883 -
<br />315,959,118
<br />304,294,883
<br />Other taxes
<br />47,796,847
<br />29,285,662
<br />47,796,847
<br />29,285,662
<br />Grants and contributions, unrestricted
<br />19,748,211
<br />19,678,289 - -
<br />19,748,211
<br />19,678,289
<br />Investment carvings
<br />3,420,693
<br />1,841,356 8,234 5,561
<br />3,428,927
<br />1,846,917
<br />Other
<br />1,848,245
<br />2,339,248 - -
<br />1,848,245
<br />2339,248
<br />Total revenues
<br />536,804,196
<br />497,146,946 780,435 734,079
<br />537,584,630
<br />497,881,025
<br />Expenses:
<br />General government
<br />88,668088
<br />75,740,262 - -
<br />88,660,088
<br />75,740,262
<br />Public safety
<br />248, t 11,465
<br />245,139, I68
<br />248,1 l I,465
<br />245,139,168
<br />Highways and streets
<br />62,066,700
<br />54,728,332 - -
<br />62,066,700
<br />54,728,332
<br />Health, education and welfare
<br />37,919,675
<br />35,597,718 609,486 566,864
<br />38,529,161
<br />36,164,582
<br />Cuiture and recreation
<br />35,908,061
<br />35,834,512 - -
<br />35,908,061
<br />35,834,512
<br />Sanitation
<br />62,775,074
<br />55,025,011 -
<br />62,775,674
<br />55,425,011
<br />Interest on long-term debt
<br />13,277,652
<br />15,493,678 -
<br />13,277,652
<br />15,493,678
<br />Total expenses
<br />548,718,715
<br />517,558,681 609,487 566,864
<br />549,328,201
<br />518,125,543
<br />Increase (Decrease) in net position
<br />(11,914.519)
<br />(20,41 1,735) 170,948 167,215
<br />(t 1,743,571)
<br />(20,244,520)
<br />Net position at beginning of year
<br />140,019,016
<br />434,457,254 1,714,030 1,546,815
<br />141,733,046
<br />436,004,069
<br />Prior period adjustment
<br />(274,026,503) - -
<br />--
<br />(274,426,503)
<br />Net position al beginning orycar,
<br />as restated
<br />140,019,016
<br />160,430,751 1,714,030 1,546,815
<br />14I,733,046
<br />161,977,566
<br />Net position at end of year
<br />$ 128,104.497
<br />$ 140,019,016 $ 1,884,978 $ 1,714,030
<br />$ 129,989,475
<br />$ 141,733,046
<br />*Due to the implementation of GASB
<br />75, a prior period adjustment to governmental
<br />activities of $274,026,503 is reflected in June 2018. The restated beginning
<br />balance for
<br />fiscal year 2018 is $160,430,751
<br />for
<br />governmental activities. See Note 1
<br />for details.
<br />Analysis of Changes in Net Position
<br />Governmental activities. Governmental activities decreased the County's net position by $1 l .9
<br />million, which represented all of the total decrease in net position of the County.
<br />The primary reasons for the $39.7 million (8 percent) iticrease in total revenues was due to
<br />property taxes increasing by approximately $11.7 million, which was due to increases in the value
<br />of net taxable real property, of which the most notable was a $634.9 million increase in the
<br />homeowners class that represented an 9 percent increase from the prior year, and then followed
<br />by a $466,1 trillion increase in the residential class (5 percent increase). Other taxes in General
<br />Revenues increased by approximately $18.5 million, which related the newly assessed general
<br />excise tax surcharge that was restricted to uses relating to the highways and streets projects.
<br />Total expenses increased by $31.2 million, which represented a 6 percent change from the prior
<br />year. There were the typical increases in salaries and wages and related employment benefit costs
<br />across all functions in the current fiscal year.
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