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Condensed Schedule of Changes in Net Assets
<br /> For the Fiscal Years Ended June 30,2007 and 2006
<br /> Primary Government
<br /> Governmental Activities Business-type Activities Total
<br /> 2007 2006 2007 2006 2007 2006
<br /> Revenues:
<br /> Program revenues:
<br /> Charges for services $ 40,532,366 $ 38,977,264 S 345,802 S 338,141 $ 40,878,168 $ 39,315,405
<br /> Operating grants and contributions 38,068,138 38,252,889 134,211 141,019 38,202,349 38,393,908
<br /> Capital grants and contributions 7,805,986 14,801,828 - - 7,805,986 14,801,828
<br /> General revenues:
<br /> Property taxes 183,611,050 152,182,806 183,611,050 152,182,806
<br /> Other taxes 24,387,670 21,997,764 24,387,670 21,997,764
<br /> Grants and contributions,unrestricted 18,999,596 18,510,262 - 18,999,596 18,510,262
<br /> Investment earnings 9,727,911 4,976,178 35,551 22,874 9,763,462 4,999,052
<br /> Miscellaneous 3,063,413 2,110,854 - - 3,063,413 2,110,854
<br /> Total revenues 326,196,130 291,809,845 515,564 502,034 326,711,694 292,311,879
<br /> Expenses:
<br /> General government 46,349,904 38,264,132 - - 46,349,904 38,264,132
<br /> Public safety 118,010,316 106,067,466 118,010,316 106,067,466
<br /> Highways and streets 28,185,968 24,783,476 28,185,968 24,783,476
<br /> Health,education and welfare 23,203,874 20,181,685 698,329 547,201 23,902,203 20,728,886
<br /> Culture and recreation 26,948,501 19,464,962 - - 26,948,501 19,464,962
<br /> Sanitation 42,682,281 27,265,515 42,682,281 27,265,515
<br /> Interest on long-term debt 10,303,332 10,168,710 10,303,332 10,168,710
<br /> Total expenses 295,684,176 246,195,946 698,329 547,201 296,382,505 246,743,147
<br /> Increase(decrease)in net assets 30,511,954 45,613,899 (182,765) (45,167) 30,329,189 45,568,732
<br /> Net assets at beginning of year 440,484,795 394,870,896 1,313,762 1,358,929 441,798,557 396,229,825
<br /> Net assets at end of year $470,996,749 S 440,484,795 $ 1,130,997 S 1,313,762 $472,127,746 $441,798,557
<br /> Analysis of Changes in Net Assets
<br /> Governmental activities. Governmental activities increased the County's net assets by$30.5
<br /> million or substantially all of the total growth in net assets of the County.
<br /> Total revenues increased by$34.4 million(12 percent). The County's property taxes increased
<br /> by$31.4 million(21 percent)during the year. Most of this increase is attributable to the increase
<br /> in assessed values. Investment earnings increased by$4.8 million(95 percent).
<br /> Total expenses increased by$49.5 million(20 percent). This increase was primarily due to
<br /> increases in all of the expense categories. Part of the increase is the result of negotiated pay
<br /> raises and related benefits. Much of the increase in all areas is due to the increased cost of
<br /> employee benefits,particularly employee retirement and health insurance costs. Increases are
<br /> also due to an increase in capital project expenditures for this fiscal year. For the most part,other
<br /> fluctuations in expenses closely paralleled inflation and growth in demand for services.
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