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Condensed Schedule of Changes in Net Assets
<br /> For the Fiscal Years Ended June 30,2009 and 2008
<br /> Primary Government
<br /> Governmental Activities Business-type Activities Total
<br /> 2009 2008 2009 2008 2009 2008
<br /> Revenues:
<br /> Program revenues:
<br /> Chat ges for set vices $ 38,432,997 $ 42,557,486 $ 371,511 $ 365,655 $ 38,804,508 $ 42,923,141
<br /> Operating grants and contributions 42,273,795 46,117,399 135,674 125,795 42,359,469 46,243,194
<br /> Capital giants and contributions 15,728,186 9,327,408 - - 15,728,186 9,327,408
<br /> General revenues:
<br /> Property taxes 229,262,980 210,217,690 229,262,980 210,217,690
<br /> Other taxes 29,009,085 25,296,206 29,009,085 25,296,206
<br /> Grants and contributions,mrrestricted 17,888,019 19,395,089 17,888,019 19,395,089
<br /> Investment earnings 8,369,221 11,454,850 17,861 33,828 8,387,082 11,488,678
<br /> Miscellaneous 2,749,335 7,801,194 - - 2,749,335 7,801,194
<br /> Total revenues 383,713,618 372,167,322 525,046 525,278 384,188,664 372,692,600
<br /> Expenses:
<br /> General government 69,968,534 68,794,961 - 69,968,534 68,794,961
<br /> Public safety 144,755,837 137,500,608 144,755,837 137,500,608
<br /> Highways and streets 36,466,541 33,577,707 36,466,541 33,577,707
<br /> Health,education and welfare 33,783,223 14,986,972 525,449 556,304 34,258,672 15,543,276
<br /> Culture and recreation 32,633,418 20,450,172 - - 32,633,418 20,450,172
<br /> Sanitation 40,191,704 41,254,728 40,191,704 41,254,728
<br /> interest on long-term debt 13,914,969 13,117,325 13,914,969 13,117,325
<br /> Total expenses 371,714,226 329,682,473 525,449 556,304 372,189,675 330,238,777
<br /> inerease(decrease)in net assets 11,999,392 42,484,849 (403) (31,026) 11,998,989 42,453,823
<br /> Net assets at beginning ofyear 513,481,598 470,996,749 1,099,971 1,130,997 514,581,569 472,127,746
<br /> Net assets at end ofyear $525,480,990 $513,481,598 $ 1,099,568 $ 1,099,971 $526,580,558 $514,581,569
<br /> Analysis of Changes in Net Assets
<br /> Governmental activities. Governmental activities increased the County's net assets by
<br /> $12 million or basically all of the total growth in net assets of the County.
<br /> Total revenues increased by$11.5 million(3 percent). The County's property taxes increased by
<br /> $19 million(9 percent)during the year. Most of this increase is attributable to the increase in
<br /> assessed values. Miscellaneous revenues decreased by$5 million (65 percent)mostly due to the
<br /> lack of real property sales in the current year. Investment earnings and operating grants and
<br /> contributions decreased by$3.1 million(27 percent)and$3.9 million(8 percent),respectively.
<br /> The decrease in investment earnings was a result of lower interest rates
<br /> Total expenses increased by$42 million(13 percent). The majority of the expense categories
<br /> increased and this was partly due to negotiated pay raises and related employee benefits.
<br /> Increases are also due to an increase in capital expenditures for this fiscal year. For the most part,
<br /> other fluctuations in expenses closely paralleled inflation and growth in demand for services.
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