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Urban Renewal Agency's Net Assets
<br />20122011
<br />Current and other assets$13,558,49011,289,222
<br />Capital assets4,194,5164,736,470
<br /> Total assets17,753,00616,025,692
<br />Noncurrent liabilites6,429,0007,183,000
<br />Other liabilities792,389759,296
<br /> Total liabilities7,221,3897,942,296
<br />Net assets:
<br /> Invested in capital assets4,194,5164,736,470
<br /> Unrestricted6,337,1013,346,926
<br /> Total net assets$10,531,6178,083,396
<br />Urban Renewal Agency's Change in Net Assets
<br />20122011
<br />Revenues:
<br /> Program revenues:
<br /> Fines, fees, and charges for services$628,5231,352,817
<br /> Capital grants and contributions2,907,0454,149,682
<br /> General revenues:
<br /> Taxes2,813,6822,657,872
<br /> Investment earnings102,051149,078
<br /> Total revenues6,451,3018,309,449
<br />Expenses:
<br /> Urban renewal redevelopment4,003,08020,016,791
<br /> Total expenses4,003,08020,016,791
<br />Increase (decrease) in net assets 2,448,221(11,707,342)
<br />Net assets, July 18,083,39619,790,738
<br />Net assets, June 30$10,531,6178,083,396
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