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<br /> Condensed Statement of Activities
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<br /> For the Fiscal Years Ended June ,2011 and 2010
<br /> Primary Government
<br /> Governmental Activities - Business-type Activities Total
<br /> 2011 2010 2011 2010 2011 2010
<br /> Revenues:
<br /> Program revenues:
<br /> Charges for services 34,O44,547 35,373,972 372,599 337,982 34,417,146 35,711,954
<br /> Operating grants and contributions 50,820,951 49,571,173 133,215 136,802 50,954,166 49,707,975
<br /> Capital grants and contributions 38,810,806 13,532,669 - - 38,810,806 132532,669
<br /> General revenues
<br /> Property taxes 225,055,099 218,037,567 225,055,099 218,037,567
<br /> Other taxes 26,315,977 26,016,092 - - 26,3157977 26,016,092
<br /> Grants and contributions,unrestricted 19,533,165 17,500,031 - - 19,533,165 17,500,038
<br /> Investment earnings 609,617 2,187,266 2,997 1,403 612,614 2,188,669
<br /> Other 5,973,275 1,779,2.23 - - 5,973,275 1,779,223
<br /> Total revenues 401,163,437 363,998,00 508,811 476,187 401,672,248 364,474,187
<br /> Expcuses:
<br /> General government 53439,428 6555521278 - - 53,439,428 65,552,278
<br /> Public safety 154,008,027 148,115,428 - - 154,008,027 148,115,425
<br /> Highways and streets 34,812,165 38,075,835 - - 34,812,165 38,075,835
<br /> Health,education and welfare 30,336,420 30,528,977 550,801 590,131 30,887,221 31,119,108
<br /> Culture and recreation 227167,818 14,739,755 - - 227167,81 14,739,755
<br /> Sanitation 35,604,394 27,527,841 35,604,394 27,527,841
<br /> Interest on long-term debt 15,176,682 142120,398 - - 15,1 76,682 14,120,398
<br /> Total expenses 345,544,934 338,660,512 550,801 590,131 346,095,735 339,250,643
<br /> Increase(decrease)in net assets 55,618,503 25,337,488 (41,990) (113,944) 55,576,513 25,223,544
<br /> Net assets at beginning of year 5502818,478 525,480,990 985,624 1,099,568 551,804,102 526,580,558
<br /> Net assets at end of year 606,436,911 550,818,478 $ 943,634 985,624 $607,380,615 $551,804,102
<br /> Analysis of Changes in Net Assets
<br /> Governmental activities. Governmental a. tivlti s increased the Counter's net assets by
<br /> $55.6 million n r basically all of the total growth in net assets of the County.
<br /> Total revenues increased by$37.2 million 1 0 percent). The County's property taxes increased
<br /> by$7.0 million percent)during the year. The increase is attributable to the increase in real
<br /> property tax rates and more specifically the rates for apartments,which was offset by another year
<br /> of declining assessed values. Capital grants and contributions also increased by approximately
<br /> $25.3 million relating mostly to highways and streets projects.
<br /> Total expenses increased by$6.9 million 2 percent). The increase was due to the rising cost of
<br /> health care,which increased expenses relating to current and fixture health benefits by
<br /> approximately$9.4 million.
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