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Condensed Statements of Activities
<br />For the Fiscal Years Ended June 30, 2015 and 2014
<br />Primary Government
<br />Governmental Activities
<br />Business -type Activities Total
<br />2015 2014 2015 2014 2015 2014
<br />Revenues:
<br />Program revenues:
<br />Charges for services $ 44,731,966 $ 40,900,135 $ 453,304 $ 468,018 $ 45,185,270 $ 41,368,153
<br />Operating grants and contributions 47,406,704 42,957,370 113,642 127,119 47,520,346 43,084,489
<br />Capital grants and contributions 29,621,907 62,370,497 29,621,907 62,370,497
<br />General revenues:
<br />Property taxes 237,217,225 221,260,681 - - 237,217,225 221,260,681
<br />Other taxes 28,842,905 28,546,783 - - 28,842,905 28,546,783
<br />Grants and contributions, unrestricted 19,506,423 17,705,917 - - 19,506,423 17,705,917
<br />Investment earnings 671,363 815,606 1,299 1,739 672,662 817,345
<br />Other 8,364,894 5,574,147 - - 8,364,894 5,574,147
<br />Total revenues 416,363,387 420,131,136 568,245 596,876 416,931,632 420,728,012
<br />Expenses:
<br />General government 69,859,089 59,448,042 - - 69,859,089 59,448,042
<br />Public safety 175,104,223 163,889,113 - - 175,104,223 163,889,113
<br />Highways and streets 45,989,038 38,670,145 - - 45,989,038 38,670,145
<br />Health, education and welfare 34,304,166 28,343,056 561,813 494,722 34,865,979 28,837,778
<br />Culture and recreation 32,225,574 25,590,117 - - 32,225,574 25,590,117
<br />Sanitation 41,467,081 48,721,810 - - 41,467,081 48,721,810
<br />Interest on long-term debt 12,362,411 12,911,436 - - 12,362,411 12,911,436
<br />Total expenses 411,311,582 377,573,719 561,813 494,722 411,873,395 378,068,441
<br />Increase in net position 5,051,805 42,557,417 6,432 102,154 5,058,237 42,659,571
<br />Net position at beginning of year 806,502,335 763,944,918 1,462,599 1,360,445 807,964,934 765,305,363
<br />Cumulative effect of accounting change (339,372,228) - - (339,372,228) -
<br />Net position at beginning of year,
<br />as adjusted 467,130,107 763,944,918 1,462,599 1,360,445 468,592,706 765,305,363
<br />Net position at end of year $ 472,181,912 $ 806,502,335 $ 1,469,031 $ 1,462,599 $ 473,650,943 $ 807,964,934
<br />Analysis of Changes in Net Position
<br />Governmental activities. Governmental activities, including the impact of the prior period
<br />adjustment for GASB 68 as explained previously, decreased the County's net position by $334.3
<br />million or basically all of the total decrease in net position of the County.
<br />The primary reason for the $3.8 million (1 percent) decrease in total revenues was due to Capital
<br />grants and contributions decreasing by approximately $32.7 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 $16.0 million was in real
<br />property taxes, which was due to a slight increase in the value of net taxable real property in the
<br />residential, homeowners and apartment classes. The second largest increase in revenues was in
<br />Charges for services of $3.8 million from the prior year, with the largest percentage relating to the
<br />area of highways and streets.
<br />Total expenses increased by $33.7 million with 64 percent of the increase resulting from
<br />increases in the areas of public safety and general government. There was an increase of $11.2
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