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Condensed Statements of Activities
<br />For the Fiscal Years Ended June 30, 2020 and 2019
<br />Revenues:
<br />Program revenues;
<br />Charges for services
<br />Operating grants and contributions
<br />Capital grants and contributions
<br />General revenues:
<br />Property taxes
<br />Other taxes
<br />Grants and contributions, unrestricted
<br />Investment earnings
<br />Other
<br />Transfers
<br />Total revenues and transfers
<br />Expenses:
<br />General government
<br />Public safety
<br />Highways and streets
<br />Health, education and welfsare
<br />Culture and recreation
<br />Sanitation
<br />Interest on long-term debt
<br />Total expenses
<br />Increase (Decrease) in net position
<br />Net position at beginning of year
<br />Net position at end of year
<br />S 150,411,099 S 128,104,497 S 2,612,918 S 1,884,978 S 153,024,017 S 129,989,475
<br />Analysis of Changes in Net Position
<br />Governmental activities. Governmental activities increased the County's net position by $22.3
<br />million, which represented all of the total decrease in net position of the County.
<br />The primary reasons for the $68.0 million (13 percent) increase in total revenues was due to a
<br />$1.0 billion increase in the assessed value of the net taxable buildings, with the most notable
<br />increase of $832 million occurring in the residential class. With no changes in the tax rates from
<br />the prior year, the increase in real property tax revenues of $17.5 million was attributable solely
<br />to increases in the assessed values of land and buildings. Revenues from the general excise tax
<br />surcharge increased by $23.0 million from the prior year due to fact that the surcharge was in
<br />effect for 12 months in the current fiscal year and also doubled in the last 6 months from 0.25% to
<br />0.50%.
<br />Total expenses increased by $33.2 million, which represented a 6 percent change from the prior
<br />year. There were the typical increases in salaries and wages and related employment benef it costs
<br />across all functions in the current fiscal year, including approximately $3.0 million of
<br />expenditures incurred by the County in responding to the COVID-19 pandemic.
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<br />Primary Government
<br />Governmental Activities
<br />Business -type Activities s
<br />Total
<br />2020
<br />2019
<br />2M
<br />2019
<br />24
<br />M2
<br />S 56,476,328
<br />S 55,359,674
<br />S 482,150
<br />S 510,352
<br />S 56,958,478
<br />S 55,870,026
<br />75,553,629
<br />64,285,842
<br />269,273
<br />261,848
<br />75,822,902
<br />64,547,690
<br />43,498,993
<br />28,375,566
<br />43,498,993
<br />28,375,566
<br />333,515,661
<br />315,969,118
<br />-
<br />333,545,661
<br />315,969,118
<br />73,873,234
<br />47,796,847
<br />73,873,234
<br />47,796,847
<br />16,530,357
<br />19,748,211
<br />-
<br />-
<br />16,530,357
<br />19,748,211
<br />3,220,862
<br />3,420,693
<br />5,193
<br />8,234
<br />3,226,055
<br />3,428,927
<br />2,127,119
<br />1,848,245
<br />-
<br />2,127,149
<br />1,848,245
<br />(616,776)
<br />-
<br />616,776
<br />-
<br />604,179,407
<br />536,804,196
<br />1,373,392
<br />780,434
<br />605,552,799
<br />537,584,630
<br />86,747,456
<br />88,660,088
<br />-
<br />86,747,456
<br />88,660,088
<br />274,259,439
<br />248,141,465
<br />274,259,439
<br />248,111,465
<br />67,161,387
<br />62,066,700
<br />-
<br />-
<br />67,161,387
<br />62,066,700
<br />37,042,326
<br />37,919,675
<br />645,452
<br />609,486
<br />37,687,778
<br />38,529,161
<br />33,613,224
<br />35,908,061
<br />-
<br />33,613,224
<br />35,908,061
<br />68,870,497
<br />62,775,074
<br />-
<br />68,870,497
<br />62,775,074
<br />14,178,476
<br />13,277,652
<br />14,178,476
<br />13,277,652
<br />581,872,805
<br />548,748,715
<br />645,452
<br />609,486
<br />582,518,257
<br />549,328,201
<br />22,306,602
<br />(11,914,519)
<br />727,940
<br />170,948
<br />23,034,542
<br />(11,743,571)
<br />128,104,497
<br />140,019, 016
<br />1,884,978
<br />1,714,030
<br />129,989,475
<br />141, 733,046
<br />S 150,411,099 S 128,104,497 S 2,612,918 S 1,884,978 S 153,024,017 S 129,989,475
<br />Analysis of Changes in Net Position
<br />Governmental activities. Governmental activities increased the County's net position by $22.3
<br />million, which represented all of the total decrease in net position of the County.
<br />The primary reasons for the $68.0 million (13 percent) increase in total revenues was due to a
<br />$1.0 billion increase in the assessed value of the net taxable buildings, with the most notable
<br />increase of $832 million occurring in the residential class. With no changes in the tax rates from
<br />the prior year, the increase in real property tax revenues of $17.5 million was attributable solely
<br />to increases in the assessed values of land and buildings. Revenues from the general excise tax
<br />surcharge increased by $23.0 million from the prior year due to fact that the surcharge was in
<br />effect for 12 months in the current fiscal year and also doubled in the last 6 months from 0.25% to
<br />0.50%.
<br />Total expenses increased by $33.2 million, which represented a 6 percent change from the prior
<br />year. There were the typical increases in salaries and wages and related employment benef it costs
<br />across all functions in the current fiscal year, including approximately $3.0 million of
<br />expenditures incurred by the County in responding to the COVID-19 pandemic.
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