|
Condensed Statement of Activities
<br /> For the Fiscal Years Ended June 30,2010 and 2009
<br /> Primary Government
<br /> Governmental Activities Business-type Activities Total
<br /> 2010 2009 2010 2009 2010 2009
<br /> Revenues:
<br /> Program revenues:
<br /> Charges for services $ 35,373,972 $ 38,432,997 $ 337,982 $ 371,511 $ 35,711,954 $ 38,804,508
<br /> Operating grants and contributions 49,571,173 42,273,795 136,802 135,674 49,707,975 42,409,469
<br /> Capital grants and contributions 13,532,669 15,728,186 - - 13,532,669 15,728,186
<br /> General revenues:
<br /> Property taxes 218,037,567 229,262,980 218,037,567 229,262,980
<br /> Othertaxes 26,016,092 29,009,085 26,016,092 29,009,085
<br /> Grants and contributions,unrestricted 17,500,038 17,888,019 17,500,038 17,888,019
<br /> Investment earnings 2,187,266 8,369,221 1,403 17,861 2,188,669 8,387,082
<br /> Miscellaneous 1,779,223 2,749,335 - - 1,779,223 2,749,335
<br /> Total revenues 363,998,000 383,713,618 476,187 525,046 364,474,187 384,238,664
<br /> Expenses:
<br /> General government 65,552,278 69,968,534 - - 65,552,278 69,968,534
<br /> Public safety 148,115,428 144,755,837 148,115,428 144,755,837
<br /> Highways and streets 38,075,835 36,466,541 38,075,835 36,466,541
<br /> Health,education and welfare 30,528,977 33,783,223 590,131 525,449 31,119,108 34,308,672
<br /> Culture and recreation 14,739,755 32,633,418 - - 14,739,755 32,633,418
<br /> Sanitation 27,527,841 40,191,704 27,527,841 40,191,704
<br /> Interest on long-term debt 14,120,398 13,914,969 14,120,398 13,914,969
<br /> Total expenses 338,660,512 371,714,226 590,131 525,449 339,250,643 372,239,675
<br /> Increase(decrease)in net assets 25,337,488 11,999,392 (113,944) (403) 25,223,544 11,998,989
<br /> Net assets at beginning ofyear 525,480,990 513,481,598 1,099,568 1,099,971 526,580,558 514,581,569
<br /> Net assets at end of year $550,818,478 $525,480,990 $ 985,624 $ 1,099,568 $551,804,102 $526,580,558
<br /> Analysis of Changes in Net Assets
<br /> Governmental activities. Governmental activities increased the County's net assets by
<br /> $25.3 million or basically all of the total growth in net assets of the County.
<br /> Total revenues decreased by$19.7 million(5 percent). The County's property taxes decreased by
<br /> $11.2 million(5 percent)during the year. Most of this decrease is attributable to the decrease in
<br /> assessed values. Franchise taxes and investment earnings decreased by a combined total of$8.3
<br /> million(43 percent). The majority of the decrease($62 million)was in investment earnings,
<br /> which was a result of lower interest rates.
<br /> Total expenses decreased by$33 million(9 percent). The majority of the decrease was a result of
<br /> planned reductions in the categories of culture and recreation($17.9 million)and sanitation
<br /> ($12.7 million). All departments were instructed to reduce expenditures due to the anticipated
<br /> reduction in revenues but certain cost increases were unavoidable due to contractual obligations.
<br /> - 17 -
<br />
|