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Analysis of Changes in Net Position
<br />Governmental activities. Governmental activities increased the County's net position by
<br />$42.6 million or basically all of the total growth in net position of the County.
<br />The primary reason for the $15.8 million (4 percent) decrease in total revenues was due to Capital
<br />grants and contributions decreasing by approximately $45.2 million, which related mostly to
<br />decreases in highways and streets projects. This substantial decrease was partially offset by
<br />increases in the other revenue sources. The most significant increase of $20.5 million was in real
<br />property taxes, which was due to a slight increase in the value of net taxable real property and
<br />building tax rates as evidenced in the accompanying statistical tables. The second largest
<br />increase in revenues was in Charges for services of $6.0 million from the prior year, with the
<br />largest percentage relating to the area of highways and streets.
<br />Total expenses increased by $24.8 million with 89 percent of the increase resulting from
<br />increases in the areas of Public safety and Sanitation. There was an increase of $11.9 million in
<br />Public safety expenditures of which $5.5 million was due to increases in salaries and wages and
<br />$3.5 million was due to increases in related employee benefits including post employment
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<br />Condensed Statements of Activities
<br />For the Fiscal Years
<br />Ended June
<br />30, 2014 and 2013
<br />Primary Government
<br />Governmental Activities
<br />Business -type Activities
<br />Total
<br />2014
<br />2013 as
<br />2014
<br />2013
<br />2014
<br />2013 (as
<br />restated)
<br />restated
<br />Revenues:
<br />Program revenues:
<br />Charges for services
<br />$ 40,900,135
<br />$ 34,930,495
<br />$ 468,018
<br />$ 432,057
<br />$ 41,368,153
<br />$ 35,362,552
<br />Operating grants and contributions
<br />42,957,370
<br />44,410,353
<br />127,119
<br />123,800
<br />43,084,489
<br />44,534,153
<br />Capital grants and contributions
<br />62,370,497
<br />107,584,670
<br />-
<br />-
<br />62,370,497
<br />107,584,670
<br />General revenues:
<br />Property taxes
<br />221,260,681
<br />200,775,779
<br />-
<br />221,260,681
<br />200,775,779
<br />Other taxes
<br />28,546,783
<br />28,206,334
<br />-
<br />28,546,783
<br />28,206,334
<br />Grants and contributions, unrestricted
<br />17,705,917
<br />17,750,132
<br />-
<br />-
<br />17,705,917
<br />17,750,132
<br />Investment earnings (loss)
<br />815,606
<br />(81,020)
<br />1,739
<br />1,416
<br />817,345
<br />(79,604)
<br />Other
<br />5,574,147
<br />2,320,838
<br />-
<br />342,275
<br />5,574,147
<br />2,663,113
<br />Total revenues
<br />420,131,136
<br />435,897,581
<br />596,876
<br />899,548
<br />420,728,012
<br />436,797,129
<br />Fxpenses:
<br />General government
<br />59,448,042
<br />55,616,102
<br />-
<br />59,448,042
<br />55,616,102
<br />Public safety
<br />163,889,113
<br />151,975,049
<br />163,889,113
<br />151,975,049
<br />Highways and streets
<br />38,670,145
<br />42,219,903
<br />-
<br />38,670,145
<br />42,219,903
<br />Health, education and welfare
<br />28,343,056
<br />28,001,020
<br />494,722
<br />496,017
<br />28,837,778
<br />28,497,037
<br />Culture and recreation
<br />25,590,117
<br />22,121,336
<br />-
<br />-
<br />25,590,117
<br />22,121,336
<br />Sanitation
<br />48,721,810
<br />38,505,086
<br />-
<br />-
<br />48,721,810
<br />38,505,086
<br />Interest on long-term debt
<br />12,911,436
<br />14,301,921
<br />-
<br />12,911,436
<br />14,301,921
<br />Total expenses
<br />377,573,719
<br />352,740,417
<br />494,722
<br />496,017
<br />378,068,441
<br />353,236,434
<br />Increase in net position
<br />42,557,417
<br />83,157,164
<br />102,154
<br />403,531
<br />42,659,571
<br />83,560,695
<br />Net position at beginning of year,
<br />as previously stated
<br />763,944,918
<br />682,085,644
<br />1,360,445
<br />956,914
<br />765,305,363
<br />683,042,558
<br />Cumulative effect of accounting change
<br />-
<br />(1,297,890)
<br />-
<br />-
<br />-
<br />(1,297,890)
<br />Net position at beginning of year,
<br />as adjusted
<br />763,944,918
<br />680,787,754
<br />1,360,445
<br />956,914
<br />765,305,363
<br />681,744,668
<br />Net position at end of year
<br />$ 806,502,335
<br />$ 763,944,918
<br />$ 1,462,599
<br />$ 1,360,445
<br />$ 807,964,934
<br />$ 765,305,363
<br />Analysis of Changes in Net Position
<br />Governmental activities. Governmental activities increased the County's net position by
<br />$42.6 million or basically all of the total growth in net position of the County.
<br />The primary reason for the $15.8 million (4 percent) decrease in total revenues was due to Capital
<br />grants and contributions decreasing by approximately $45.2 million, which related mostly to
<br />decreases in highways and streets projects. This substantial decrease was partially offset by
<br />increases in the other revenue sources. The most significant increase of $20.5 million was in real
<br />property taxes, which was due to a slight increase in the value of net taxable real property and
<br />building tax rates as evidenced in the accompanying statistical tables. The second largest
<br />increase in revenues was in Charges for services of $6.0 million from the prior year, with the
<br />largest percentage relating to the area of highways and streets.
<br />Total expenses increased by $24.8 million with 89 percent of the increase resulting from
<br />increases in the areas of Public safety and Sanitation. There was an increase of $11.9 million in
<br />Public safety expenditures of which $5.5 million was due to increases in salaries and wages and
<br />$3.5 million was due to increases in related employee benefits including post employment
<br />-20-
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