Item 4D: Resolution Acknowledging Receipt of CAFR

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Police expenses increased $2.2 million, largely due to a $1.5 million increase in personnel costs, a $1.0 million increase in allocated indirect expenses as a result of higher overhead costs, and a $0.9 million increase in health care costs, which was offset by a $1.7 million decrease in internal insurance charges. This next chart compares program revenues and expenses for the individual governmental activities for the current year. As the chart reflects, most governmental activities relied on general revenues to support the function. Governmental Activities Program Revenues Program Revenues and Expenses Expenses 5.6 Central services 14.1 2.7 Fire & EMS 25.6 6.2 LRCS 28.3 14.0 Planning & development 20.4 6.8 Police 44.6 30.5 Public works 26.8 Interest on debt 7.3 (in millions of dollars) The next chart shows the percent of the total for each source of revenue supporting governmental activities. Governmental Activities Revenues by Source Fees, fines, and charges for services Operating grants and contributions Capital grants and contributions 3.5% 4.4% 17.8% 6.3% 1.6% Taxes 9.3% Grants and contributions not restricted to specific programs Contributions in lieu of taxes 7.7% 49.4% Franchise fees on telecom providers revenues Unrestricted investment earnings Business-type activities. Business-type activities increased the City’s net assets by $10.4 million before transfers, accounting for 31.9% of the total growth in net assets. The following chart compares program revenues to expenses by individual business-type activity for the current year. In comparison to governmental activities, business-type activities typically recover their costs through program revenues. For the current year, the business-type activities generated sufficient revenues to cover expenses. ïé