|
Condensed Statement of Activities
<br /> For the Fiscal Years Ended June 30,2012 and 2011
<br /> Primary Government
<br /> Governmental Activities Business-type Activities Total
<br /> 2012 2011 2012 2011 2012 2011
<br /> Revenues:
<br /> Program revenues:
<br /> Charges for services $ 34,875,798 $ 34,044,547 $ 393,464 $ 372,599 $ 35,269,262 $ 34,417,146
<br /> Operating grants and contributions 45,767,655 50,820,951 131,227 133,215 45,898,882 50,954,166
<br /> Capital grants and contributions 86,754,033 38,810,806 - - 86,754,033 38,810,806
<br /> General revenues:
<br /> Property taxes 209,894,427 225,055,099 - 209,894,427 225,055,099
<br /> Other taxes 29,255,027 26,315,977 - - 29,255,027 26,315,977
<br /> Grants and contributions,unrestricted 19,074,105 19,533,165 - - 19,074,105 19,533,165
<br /> Investment earnings 230,804 609,617 5,641 2,997 236,445 612,614
<br /> Other 1,773,258 5,973,275 - - 1,773,258 5,973,275
<br /> Total revenues 427,625,107 401,163,437 530,332 508,811 428,155,439 401,672,248
<br /> Expenses:
<br /> General government 56,115,599 53,439,428 - - 56,115,599 53,439,428
<br /> Public safety 152,288,979 154,008,027 - - 152,288,979 154,008,027
<br /> Highways and streets 42,462,299 34,812,165 - - 42,462,299 34,812,165
<br /> Health,education and welfare 28,127,691 30,336,420 517,052 550,801 28,644,743 30,887,221
<br /> Culture and recreation 23,412,948 22,167,818 - - 23,412,948 22,167,818
<br /> Sanitation 35,049,546 35,604,394 - - 35,049,546 35,604,394
<br /> Interest on long-term debt 14,519,382 15,176,682 - 14,519,382 15,176,682
<br /> Total expenses 351,976,444 345,544,934 517,052 550,801 352,493,496 346,095,735
<br /> Increase(decrease)in net assets 75,648,663 55,618,503 13,280 (41,990) 75,661,943 55,576,513
<br /> Net assets at beginning of year 606,436,981 550,818,478 943,634 985,624 607,380,615 551,804,102
<br /> Net assets at end of year $682,085,644 $606,436,981 $ 956,914 $ 943,634 $683,042,558 $607,380,615
<br /> Analysis of Changes in Net Assets
<br /> Governmental activities. Governmental activities increased the County's net assets by
<br /> $75.6 million or basically all of the total growth in net assets of the County.
<br /> Total revenues increased by$26.5 million(7 percent). The combined total revenues for both the
<br /> Operating and Capital grants and contributions also increased by approximately$42.9 million,
<br /> which related mostly to sanitation and highways and streets projects. This increase in grants and
<br /> contributions revenue was offset by decreases in the other revenue sources. The most significant
<br /> decrease of$15.2 million was in real property taxes,which was due to a slight decline in the
<br /> value of net taxable real property as evidenced in the accompanying statistical tables.
<br /> Total expenses increased by$6.4 million (2 percent). The major reason for the increase was due
<br /> to the rising cost of labor. The cost of employees' health care increased specifically relating to
<br /> future health benefits for employees by approximately$1.3 million and overall salaries and wages
<br /> increased by$2.6 million as a result of a reduction in the number of furlough days that employees
<br /> in several bargaining units were required to take each month.
<br /> - 19 -
<br />
|