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<br />2019 2018
<br />Current and other assets $ 23,659,308 19,792,291
<br />Capital assets 4,719,547 3,446,650
<br /> Total assets 28,378,855 23,238,941
<br />Current liabilities 268,239 230,601
<br /> Total liabilities 268,239 230,601
<br />Net position:
<br /> Invested in capital assets 4,719,547 3,446,650
<br /> Unrestricted 23,391,069 19,561,690
<br /> Total net position $ 28,110,616 23,008,340
<br />Urban Renewal Agency's Net Position
<br />2019 2018
<br />Revenues:
<br /> Program revenues:
<br /> Charges for services, loans repaid,
<br /> and miscellaneous $ 3,545,604 176,518
<br /> Capital grants and contributions 70,691 106,774
<br /> General revenues:
<br /> Taxes 4,792,011 4,399,790
<br /> Investment earnings 559,079 240,850
<br /> Total revenues 8,967,385 4,923,932
<br />Expenses:
<br /> Urban renewal redevelopment 3,865,109 1,435,162
<br /> Total expenses 3,865,109 1,435,162
<br />Net position, July 1 23,008,340 19,519,570
<br />Net position, June 30 $ 28,110,616 23,008,340
<br />Urban Renewal Agency's Change in Net Position
<br />Note: Program revenue in FY19 included a significant gain on the sale of land held
<br />for resale in the amount of $3.0 million.
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<br />December 9, 2019, Meeting - Item 3CC Agenda - Page 249
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