Lane County, Oregon Statement of Net Assets June 30, Governmental Activities. Business-type

Transcription

1 Statement of Net Assets June 30, 2010 Governmental Activities Business-type Activities Assets Current assets Cash and cash equivalents $ 152,238,503 $ 32,077,526 $ 184,316,029 Investments - 3,748,272 3,748,272 Receivables (net of uncollectibles) 22,405,666 3,786,862 26,192,528 Internal balances (5,542,961) 5,542,961 - Inventories 2,621,198 66,508 2,687,706 Prepaids 117,218 64, ,458 Total current assets 171,839,624 45,286, ,125,993 Noncurrent assets Restricted assets: Cash and cash equivalents - 571, ,486 Investments 1,515,500 2,339,864 3,855,364 Investments in limited partnerships - 1,623,468 1,623,468 Deferred charges 870,913 1,232,894 2,103,807 Deposits 50,000 3,683 53,683 Loans receivable - 4,947,655 4,947,655 Net pension asset 61,825,445-61,825,445 Capital assets: Land and construction in progress 25,387,651 26,000,507 51,388,158 Other capital assets (net of accumulated depreciation) 314,725,096 49,295, ,020,651 Total noncurrent assets 404,374,605 86,015, ,389,717 Total assets 576,214, ,301, ,515,710 Liabilities Current liabilities Accounts payable 9,391,014 2,027,329 11,418,343 Wages and benefits payable 3,829, ,139 4,314,887 Due to other governments 4,267-4,267 Interest payable 571,036 61, ,741 Unearned revenue 152, ,247 1,141,544 Customer deposits 253, , ,270 Current portion of noncurrent liabilities 15,387,630 2,609,024 17,996,654 Total current liabilities 29,589,125 6,446,581 36,035,706 Noncurrent liabilities 116,449,022 9,850, ,299,446 Total liabilites 146,038,147 16,297, ,335,152 Net assets Invested in capital assets, net of related debt 292,767,770 67,896, ,664,535 Restricted for: Capital projects 584, ,303 Debt service 531, ,466 Health and human services 5,680,711-5,680,711 Special revenue / services 5,199,504-5,199,504 Roads 45,128,590-45,128,590 Title III projects 4,307,730-4,307,730 LaneCare 12,441,229-12,441,229 Housing and community services - 2,339,864 2,339,864 Self insurance 1,515,500-1,515,500 Other purposes 2,283,242-2,283,242 Unrestricted 59,736,037 44,767, ,503,884 Total net assets $ 430,176,082 $ 115,004,476 $ 545,180,558 Total 27

2 Statement of Activities For the Fiscal Year Ended June 30, 2010 Functions/Programs Direct Expenses Indirect Expenses Allocation Governmental activities General government $ 34,018,987 $ (11,049,760) Public safety 68,664,067 3,492,705 Public health and welfare 76,820,035 3,907,570 Parks 2,155, ,647 Roads and bridges 36,188,699 1,840,794 Community development 6,125, ,560 Interest on long-term debt 6,981,018 - Total governmental activities 230,953,435 (1,387,484) Business-type activities Lane events center 3,936,005 4,836 Solid waste disposal 13,143, ,932 Regional information systems 5,803, ,627 Housing and community services 25,147,875 - Corrections commissary 246,022 10,728 Land management 3,783, ,361 Total business-type activities 52,060,037 1,387,484 Total government $ 283,013,472 $ - 28

3 Charges for Services Program Revenues Operating Grants and Contributions Capital Grants and Contributions Governmental Activities Net (Expense) Revenue and Changes in Net Assets Business-type Activities Total $ 6,709,507 $ 10,651,409 $ - $ (5,608,311) $ - $ (5,608,311) 19,303,348 15,261,191 - (37,592,233) - (37,592,233) 42,441,369 40,733,277-2,447,041-2,447,041 1,034, ,454 - (810,504) - (810,504) 3,147,249 34,676,857 - (205,387) - (205,387) 3,709, ,577 - (2,003,424) - (2,003,424) (6,981,018) - (6,981,018) 76,345, ,466,765 - (50,753,836) - (50,753,836) 2,639,207 41, (1,259,671) (1,259,671) 15,197,089 12, ,727,686 1,727,686 8,003, ,819,024 1,819,024 3,616,689 19,794, ,992 - (1,032,214) (1,032,214) 60, , (20,994) (20,994) 3,646, (787,858) (787,858) 33,164,585 20,024, , , ,973 $ 109,509,935 $ 122,491,682 $ 703,992 (50,753,836) 445,973 (50,307,863) General Revenues: Property taxes 36,042,688-36,042,688 Transient room taxes 3,617,406-3,617,406 Car rental taxes 1,097,859-1,097,859 O&C timber receipts 12,205,277-12,205,277 Unrestricted investment earnings 1,745, ,841 2,550,670 Grants not restricted to specific programs 5,063,935-5,063,935 Transfers (863,224) 863,224 - Total general revenues and transfers 58,909,770 1,668,065 60,577,835 Change in net assets 8,155,934 2,114,038 10,269,972 Net assets, June 30, ,020, ,890, ,910,586 Net assets, June 30, 2010 $ 430,176,082 $ 115,004,476 $ 545,180,558 29

4 Balance Sheet Governmental June 30, 2010 General Road Special Revenue / Services Assets Cash and cash equivalents $ 24,095,911 $ 44,713,720 $ 3,800,313 Receivables (net of uncollectibles): Investment earnings 160, ,016 21,136 Property taxes 2,105, Accounts 3,079, , ,001 Intergovernmental 2,065,589 2,052,627 2,327,181 Other Interest on balances 1,582, Due from other funds 27, Interfund loans receivable ,000 Inventories 206,086 1,554,163 - Total assets $ 33,322,532 $ 49,035,903 $ 7,260,631 Liabilities Accounts payable $ 888,153 $ 1,515,520 $ 648,042 Wages and benefits payable 1,769, , ,422 Due to other funds 1,027, , ,055 Due to other governments 4, Deferred revenue 5,525, ,704 10,000 Interfund loans payable ,000 Customer deposits 148, Advances from other funds - 500,000 - Total liabilities 9,364,588 3,147,897 1,466,519 Fund balances Reserved for inventories 206,086 1,554,163 - Unreserved 23,751,858 44,333,843 5,794,112 Unreserved, reported in nonmajor: Special revenue funds Debt service funds Capital projects funds Total fund balances 23,957,944 45,888,006 5,794,112 Total liabilities and fund balances $ 33,322,532 $ 49,035,903 $ 7,260,631 30

5 Health and Human Services LaneCare Other Governmental Total Governmental $ 4,021,005 $ 13,431,706 $ 17,568,108 $ 107,630,763 21,685 72, , , ,892 2,308, , ,611 5,060,975 4,382,795-1,260,530 12,088, , , ,887 1,635, , , ,944-11,981 1,881,174 $ 8,945,822 $ 13,504,421 $ 19,642,509 $ 131,711,818 $ 1,417,348 $ 990,576 $ 2,149,508 $ 7,609, ,542 26, ,005 3,583, ,638 16, ,145 2,144, , ,361 5,995, , , , ,000 2,589,756 1,033,151 2,739,024 20,340, ,944-11,981 1,881,174 6,247,122 12,471,270-92,598, ,382,590 7,382, , , ,194,058 9,194,058 6,356,066 12,471,270 16,903, ,370,883 $ 8,945,822 $ 13,504,421 $ 19,642,509 $ 131,711,818 31

6 Reconciliation of the Balance Sheet of Governmental to the Statement of Net Assets For the Fiscal Year Ended June 30, 2010 Total fund balances - governmental funds $ 111,370,883 Amounts reported for governmental activities in the statement of net assets are different because: Internal service funds are used by management to charge the costs of certain activities to individual funds. The assets and liabilities of the internal service funds are included in governmental activities in the statement of net assets. $ 47,881,028 An adjustment is required to eliminate net internal service fund losses back to the activities that helped finance them. The adjustment related to enterprise activities is required in this reconciliation. (5,300,764) 42,580,264 Capital assets are not financial resources in governmental funds, but are reported in the statement of net assets at their depreciable value: Land 9,833,984 Construction in progress 15,553,667 Buildings and land improvements 118,816,909 Equipment and furniture 13,325,882 Infrastructure 326,035, ,565,632 Less accumulated depreciation (155,875,697) 327,689,935 Prepaid expenses are not financial assets in governmental funds, but are reported in the statement of net assets at cost. 117,218 Certain assets will be collected after year-end but are not available soon enough to pay for the current period's expenditures, and therefore are deferred in governmental funds: Receivables: Property taxes 2,178,765 Court fines 3,533,015 Road assessments 131,728 5,843,508 Debt issuance costs are expensed in governmental funds in the year paid, but are capitalized on the statement of net assets as deferred charges and amortized over the life of the debt: Bonds payable 318, ,488 Certain liabilities are not due and payable in the current period, and are therefore not reported in governmental funds: Compensated absences payable (5,888,125) Interest payable (294,239) Bonds payable, net of premiums and discounts (51,561,850) (57,744,214) Total net assets - governmental activities $ 430,176,082 32

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8 Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental For the Fiscal Year Ended June 30, 2010 General Road Special Revenue / Services Revenues Taxes and assessments, net of refunds $ 33,849,035 $ 132,183 $ 3,616,643 Licenses and permits 785, ,228 - Intergovernmental 30,716,458 34,055,137 18,997,827 Charges for services 3,296,554 2,078,051 1,599,320 Fines, forfeitures and penalties 601,610-2,065,760 Administrative and facility charges ,037 Investment earnings 484, ,268 74,559 Sale and rental of property 808, , ,695 Total revenues 70,542,749 37,405,107 26,575,841 Expenditures: Current: General government 10,329, , ,000 Public safety 54,735,338-16,988,142 Public health and welfare - - 2,352,301 Parks ,658 Roads and bridges - 30,133,857 - Community development - - 3,241,398 Debt service: Principal Interest - - 1,586 Bond issuance costs Capital outlay 118,657 7,003,833 3,379,721 Total expenditures 65,183,147 37,391,960 26,841,806 Excess (deficiency) of revenues over (under) expenditures 5,359,602 13,147 (265,965) Other financing sources (uses): Transfers in 955,390 54,219 4,196,405 Transfers out (7,990,700) (1,331,948) (2,236,733) Bonds issued Refunding bonds issued Bond premium Payment to refunded bond escrow agent Total other financing sources (uses) (7,035,310) (1,277,729) 1,959,672 Net change in fund balances (1,675,708) (1,264,582) 1,693,707 Fund balance, June 30, ,625,277 47,176,528 4,100,405 Increase (decrease) in inventories 8,375 (23,940) - Fund balance, June 30, 2010 $ 23,957,944 $ 45,888,006 $ 5,794,112 34

9 Health and Human Services LaneCare Other Governmental Total Governmental $ - $ - $ 3,500,122 $ 41,097, , ,590 2,161,194 34,813,465 26,825,233 23,861, ,269,499 5,662,132 36,036 5,058,650 17,730,743 1,925-73,859 2,743, ,634,486 1,671,523 68, , ,129 1,987, ,108,730 3,344,838 41,384,799 27,091,206 37,006, ,006, ,472,684 21,917,106 2,176, ,475 74,001,285 40,217,173 25,757,612 15,765,702 84,092, ,257,840 2,275, ,946 30,468, ,192,108 6,433, ,164,713 9,164, ,108,319 2,109, ,054 74,054 59,138-12,722,745 23,284,094 42,452,641 25,757,612 56,194, ,821,752 (1,067,842) 1,333,594 (19,187,641) (13,815,105) 3,722,801-5,726,755 14,655,570 (714,385) (331,369) (3,391,178) (15,996,313) ,125,000 24,125, ,805,000 3,805, ,374,381 1,374, (4,035,596) (4,035,596) 3,008,416 (331,369) 27,604,362 23,928,042 1,940,574 1,002,225 8,416,721 10,112,937 4,378,568 11,469,045 8,482, ,232,345 36,924-4,242 25,601 $ 6,356,066 $ 12,471,270 $ 16,903,485 $ 111,370,883 35

10 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental to the Statement of Activities For the Fiscal Year Ended June 30, 2010 Net change in fund balances - governmental funds $ 10,112,937 Amounts reported for governmental activities in the statement of activities are different because: Internal service funds are used by management to charge the costs of certain activities to individual funds. The change in internal service fund net assets is included with governmental activities in the statement of activities: Change in net assets $ 5,941,684 An adjustment is required to eliminate net internal service fund activity back to the activities that helped finance them. The adjustment related to enterprise activities is required in this reconciliation. (1,207,319) 4,734,365 Governmental funds report capital outlays as expenditures; in the statement of activities the cost of those assets is allocated over their estimated useful lives as depreciation expense: Construction in progress 13,995,119 Buildings and land improvements 86,175 Equipment and furniture 1,185,281 Infrastructure 9,847,386 Depreciation expense (13,105,980) 12,007,981 Governmental funds do not report prepaid expenses; in the statement of activities prepayments are expensed when incurred. (65,559) Certain revenues may not be collected for several months after year end; they are not considered "available" and are deferred in the governmental funds: Receivables: Property taxes 242,212 Court fines (1,244,844) Road assessments (7,095) (1,009,727) The issuance of long-term debt (notes, bonds, capital leases) provides current financial resources to governmental funds; the repayment of long-term debt consumes current financial resources in the governmental funds. Current period long-term debt transactions were: Bond Issuance costs 160,965 Bond Proceeds (27,930,000) Bond Premium (1,275,696) Bond principal payments 6,880,000 Deposits (mortgage reserves) (1,061,662) Note principal payments 6,134,713 (17,091,680) Increases in inventory in governmental funds increase expenses 25,601 Note and bond premiums, discounts and issuance costs are reported in governmental funds in the year received or paid, but are capitalized on the statement of net assets and amortized over the life of the notes and bonds: Note issuance cost amortization (118,156) Bond premium amortization 75,135 Bond discount amortization (7,579) Bond issuance cost amortization (47,323) (97,923) Some items reported in the statement of activities do not require the use of current financial resources and therefore are not reported as expenditures in governmental funds: Increase in accrued interest (120,137) Increase in accrued compensated benefits (322,788) (442,925) The net effect of various miscellaneous transactions involving capital assets (sales and dispositions, trade-ins, and donations) (17,136) Change in net assets - governmental activities $ 8,155,934 36

11 Statement of Fund Net Assets Proprietary June 30, 2010 Lane Events Center Assets Current assets Cash and cash equivalents 596,212 Solid Waste Disposal Regional Information Systems Housing and Community Services Other Enterprise Total Enterprise Governmental Activities- Internal Service $ $ 23,544,435 $ 4,045,126 $ 2,332,138 $ 1,559,615 $ 32,077,526 $ 44,607,740 Investments ,748,272-3,748,272 - Receivables (net of uncollectibles): Investment earnings 3, ,662 20,186-6, , ,488 Accounts 24,741 1,163,930 46,642 62,432 8,738 1,306, ,771 Intergovernmental , ,278 80,630 Other ,336,238-1,336,238 - Due from other funds ,516,427 Inventories 11, ,711-66, ,024 Prepaids 10, ,108-64,240 - Total current assets 646,285 24,838,522 4,111,954 8,571,682 1,574,965 39,743,408 48,347,080 Noncurrent assets Advances to other funds - 500, ,000 - Restricted assets: Cash and cash equivalents , ,486 - Investments ,339,864-2,339,864 1,515,500 Investments in limited partnerships ,623,468-1,623,468 - Deferred charges ,232,894-1,232, ,425 Deposits ,683-3,683 50,000 Loans receivable ,947,655-4,947,655 - Net pension asset ,825,445 Capital assets: Land 1,070,568 2,162,107-8,859,865-12,092,540 - Buildings and land improvements 24,233,581 20,006,364-44,999,162-89,239, ,597 Equipment and furniture 2,227,688 1,587,759 4,527,871 2,222,070 49,485 10,614,873 29,283,813 Construction in progress 70,854 4,917,225 8,114, ,769-13,907,967 - Accumulated depreciation (15,886,505) (7,494,864) (3,196,277) (23,934,618) (46,161) (50,558,425) (17,096,598) Total noncurrent assets 11,716,186 21,678,591 9,445,713 43,671,298 3,324 86,515,112 76,366,182 Total assets 12,362,471 46,517,113 13,557,667 52,242,980 1,578, ,258, ,713,262 Liabilities Current liabilities Accounts payable 47, , , ,895 79,055 2,027,329 1,781,867 Wages and benefits payable 31, , ,200 60,908 82, , ,924 Compensated absences payable 33, , , , , , ,505 Claims payable - 227, ,000 3,384,000 Due to other funds 21, ,205 64,683-50, , ,969 Interest payable ,705-61, ,797 Unearned revenue 194, , ,247 - Customer deposits , ,137 - Notes payable 38, ,307,831-1,346,660 - Bonds payable ,000-55,000 1,690,000 Total current liabilities 366,549 1,798, ,718 3,571, ,659 6,704,384 7,925,062 Noncurrent liabilities Escrow deposits , ,810 - Net OPEB obligation ,989,937 Notes payable 3, ,252,945-5,256,420 - Bonds payable (net of unamortized discounts , ,217 65,917,235 Landfill closure and postclosure care liability - 3,520, ,520,977 - Total noncurrent liabilities 3,475 3,520,977-6,325,972-9,850,424 68,907,172 Total liabilities 370,024 5,319, ,718 9,897, ,659 16,554,808 76,832,234 Net assets Invested in capital assets, net of related debt 11,673,882 21,178,591 9,445,713 25,595,255 3,324 67,896,765 12,422,812 Restricted for: Housing and community services ,339,864-2,339,864 - Self insurance ,515,500 Unrestricted 318,565 20,019,318 3,470,236 14,410,658 1,248,306 39,467,083 33,942,716 Total net assets $ 11,992,447 $ 41,197,909 $ 12,915,949 $ 42,345,777 $ 1,251, ,703,712 $ 47,881,028 Adjustment to reflect the consolidation of internal service fund activities related to enterprise funds. 5,300,764 Net assets of business-type activities $ 115,004,476 Business-Type Activities - Enterprise 37

12 Statement of Revenues, Expenses, and Changes in Fund Net Assets Proprietary For the Fiscal Year Ended June 30, 2010 Business-Type Activities Enterprise Lane Events Center Solid Waste Disposal Operating revenues Licenses and permits $ - $ - Intergovernmental - - Charges for services 1,426,862 14,613,791 Rents pledged as security for revenue bonds - - Fines, forfeitures and penalties - 1,697 Administrative and facility charges - - Sale and rental of property 1,212, ,621 Total operating revenues 2,639,207 15,196,109 Operating expenses Personnel services 1,192,205 6,598,434 Materials and services 1,900,133 6,586,877 Landfill closure and postclosure care costs - 126,315 Depreciation 1,010, ,202 Total operating expenses 4,103,065 14,057,828 Operating income (loss) (1,463,858) 1,138,281 Nonoperating revenues (expenses) Intergovernmental 41,963 12,964 Contributions to other governments - - Investment earnings 10, ,332 Interest expense (5,737) - Amortization of net pension asset - - Amortization of bond issuance costs - - Gain (loss) on capital asset disposal Total nonoperating revenues (expenses) 46, ,276 Income (loss) before contributions and transfers (1,416,871) 1,586,557 Capital grants - - Capital contributions - - Transfers in 584,604 - Transfers out - (1,454,580) Change in net assets (832,267) 131,977 Total net assets, June 30, ,824,714 41,065,932 Total net assets, June 30, 2010 $ 11,992,447 $ 41,197,909 38

13 Regional Information Systems Business-Type Activities Enterprise Housing and Other Community Enterprise Services Total Enterprise Governmental Activities-Internal Service $ - $ - $ 1,550,566 $ 1,550,566 $ ,794,980-19,794,980-8,003,950 3,185,451 1,941,632 29,171,686 74,311, , , ,596 79, , ,397 1,017, ,459 1,794,425 9,273 8,003,950 23,411,669 3,707,650 52,958,585 75,338,975 2,912,625 6,007,456 2,582,186 19,292,906 8,014,131 3,147,671 17,666,551 2,292,203 31,593,435 54,343, , ,619 1,185,762 9,112 3,340,422 2,548,648 6,448,915 24,859,769 4,883,501 54,353,078 64,906,241 1,555,035 (1,448,100) (1,175,851) (1,394,493) 10,432, , , , (7,677) 63, ,955 20, ,841 1,102,490 - (288,106) (7,919) (301,762) (4,818,531) (1,434,310) (42,648) ,618 63,016 (12,151) 187, ,996 (4,985,704) 1,618,051 (1,460,251) (987,983) (660,497) 5,447, , , , ,768,200 2,352, ,519 (35,000) - - (1,489,580) - 1,583,051 (756,259) 780, ,719 5,941,684 11,332,898 43,102, ,413 41,939,344 $ 12,915,949 $ 42,345,777 $ 1,251,630 $ 47,881,028 Adjustment to reflect the consolidation of internal service fund activities related to enterprise funds 1,207,319 Change in net assets of business-type activities $ 2,114,038 39

14 Statement of Cash Flows Proprietary For the Fiscal Year Ended June 30, 2010 Lane Solid Waste Events Center Disposal Cash flows from operating activities Receipts from customers and users $ 1,394,866 $ 14,547,067 Receipts from facilities rent 1,212, ,621 Receipts from interfund services - - Payments to employees (711,245) (3,805,769) Payments to suppliers (1,902,638) (3,284,515) Payments for interfund services (517,672) (5,607,608) Net cash provided (used) by operating activities (524,344) 2,429,796 Cash flows from noncapital financing activities Increase in line of credit - - Intergovernmental subsidies 41,963 13,234 Principal paid on pension bonds - - Interest paid on pension bonds - - Escrow deposits - - Interfund loans granted - (500,000) Interfund loan repayment received - 1,159,955 Interfund loan repayments made - - Transfers in 584,604 - Transfers out - (1,192,270) Net cash provided (used) by noncapital financing activities 626,567 (519,081) Cash flows from capital and related financing activities Capital Grants - - Payment of development costs - - Principal paid on long-term debt (72,428) - Interest paid on long-term debt (5,737) - Proceeds from long-term debt - - Proceeds from sale of property Purchases of capital assets (51,217) (3,159,131) Net cash provided (used) by capital and related financing activities (129,382) (3,158,151) Cash flows from investing activities Maturity of investments - - Purchase of investments - - Change in loans receivable - - Investment earnings 9, ,886 Net cash provided (used) by investing activities 9, ,886 Net increase (decrease) in cash and cash equivalents (17,180) (798,550) Cash and cash equivalents, June 30, ,392 24,342,985 Cash and cash equivalents, June 30, 2010 $ 596,212 $ 23,544,435 Reconciliation of operating income (loss) to net cash provided (used) by operating activities: Operating income (loss) $ (1,463,858) $ 1,138,281 Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities Landfill closure and postclosure care costs - 126,315 Depreciation 1,010, ,202 (Increase) decrease in receivables 53,525 (68,421) (Increase) decrease in due from other funds - - (Increase) decrease in inventories (Increase) decrease in prepaids 12,309 - Increase (decrease) in accounts payable (44,142) 452,507 Increase (decrease) in wages and benefits payable (3,633) 17,161 Increase (decrease) in compensated absences payable (855) 30,692 Increase (decrease) in claims payable - (25,000) Increase (decrease) in due to other funds (3,890) 12,059 Increase (decrease) in unearned revenue (85,521) - Increase (decrease) in customer deposits - - Increase (decrease) in net OPEB obligation - - Net cash provided (used) by operating activities $ (524,344) $ 2,429,796 Reconciliation to Statement of Fund Net Assets Cash and cash equivalents $ 596,212 $ 23,544,435 Restricted cash - - Cash and cash equivalents, June 30, 2010 $ 596,212 $ 23,544,435 Noncash investing, capital, and financing activities: Net contributions of capital assets to (from) governmental funds $ - $ - Net transfers of capital assets to (from) other proprietary funds - (262,310) Increase (decrease) in fair value of investments - (2,110) 40

15 Other Total Governmental Regional Housing and Enterprise Enterprise Activities-Internal Information Systems Community Services Service $ 6,074,288 $ 24,666,615 $ 3,713,353 $ 50,396,189 $ 1,508, ,459 1,794,425 9,273 1,897, ,897,603 73,735,119 (1,426,722) (6,002,515) (1,534,633) (13,480,884) (4,869,593) (2,914,646) (17,534,951) (1,810,844) (27,447,594) (54,038,209) (1,538,062) - (1,600,868) (9,264,210) (3,438,854) 2,092,461 1,129,149 (1,231,533) 3,895,529 12,906,650-1,000,000-1,000, , ,207 60, (3,015,000) (3,424,855) - (18,560) - (18,560) (500,000) ,159,955 1,000, (283,000) (283,000) ,768,200 2,352, ,209 (35,000) - - (1,227,270) - (35,000) 981,440 1,710,210 2,764,136 (5,163,922) - 561, , (1,235,433) - (1,235,433) - - (483,273) - (555,701) - - (261,548) (7,919) (275,204) , , ,946 (1,831,061) (1,034,693) - (6,076,102) (2,447,893) (1,831,061) (2,127,265) (7,919) (7,253,778) (2,335,947) - 8,600,000-8,600,000 1,261,000 - (8,682,004) - (8,682,004) (1,515,500) - (164,231) - (164,231) - 63, ,515 19, ,347 1,098,358 63,770 (88,720) 19, , , ,170 (105,396) 489,955 (141,001) 6,250,639 3,754,956 3,009,020 1,069,660 32,790,013 38,357,101 $ 4,045,126 $ 2,903,624 $ 1,559,615 $ 32,649,012 $ 44,607,740 $ 1,555,035 $ (1,448,100) $ (1,175,851) $ (1,394,493) $ 10,432, , ,619 1,185,762 9,112 3,340,422 2,548,648 (32,059) 1,136,221 7,162 1,096,428 (101,320) (291,830) - (605) (79,709) - 76,812-89, ,601 55,393 (105,712) 549,647 (509,196) 9,180 (36,071) 17,446 4,083 28,314 (24,042) 41,012 6,136 52,943 24, (25,000) - 4,127-10,174 22,470 13,708-97,453-11, ,272-21, ,732 $ 2,092,461 $ 1,129,149 $ (1,231,533) $ 3,895,529 $ 12,906,650 $ 4,045,126 $ 2,332,138 $ 1,559,615 $ 32,077,526 $ 44,607, , ,486 - $ 4,045,126 $ 2,903,624 $ 1,559,615 $ 32,649,012 $ 44,607,740 $ - $ - $ - $ - $ 9, (262,310) 262, (1,507) 15,812 41

16 Statement of Fiduciary Net Assets Property Tax Agency June 30, 2010 Property Tax Agency Assets Current assets Cash and cash equivalents $ 4,568,070 Receivables (net of uncollectibles): Interest 2,060 Property taxes 23,334,105 Accounts 127,333 Total current assets 28,031,568 Total assets $ 28,031,568 Liabilities Current liabilities Accounts payable $ 36,507 Due to other governments 27,995,061 Total current liabilities 28,031,568 Total liabilites $ 28,031,568 42