Statement of Activities Example

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Statement of Activities - Example
Program Revenues
Direct Exp.
Net Revenue (Expense)
General Revenue
2
Statement of Activities - Example
Direct Program Net Rev.
Expenses Revenues (Expense) Function Governm
ental Public Safety 664,068 23,381
(640,687) Transportation 888,232
40,979 (847,253) Business-type Public
water 472,686 733,915 261,229
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Fund Financial Statements

• Governmental Funds
• Proprietary Funds
• Fiduciary Funds
• Major vs. Non-major funds

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Fund Financial Statements

• Governmental Funds
• Measurement focus financial resources vs.
  economic resources
• Basis of Accounting Modified accrual
• Long term assets (infrastructure, buildings,
  land) not reported here)
• Long-term liabilities not reported
• Major funds General Fund, others

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Governmental Fund Financial Statements

• Balance Sheet
• Fund balance assets liabilities
• Fund balance vs. Net Assets in government-wide
  statements
• Statement of revenues, expenditures, and changes
  in fund balances
• Expenditures vs. expenses
• Other financing sources uses
• Budgetary comparison statement

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Fund Financials (Govt) Balance Sheet
Assets
Liabilities
Fund Balance
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Fund Financials (Govt.) Balance Sheet
Fund balances Reserved for Debt
service - Capital projects
- Economic incentives
8,000,000 Other purposes -
Unreserved reported in General
fund 44,874,259 Total fund balances 52,874
,259
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Fund Financials Statement of revenues,
expenditures, changes in fund balances
Revenues
Expenditures
Other Sources (Uses)
Fund Balance Change
9
Fund Financials Statement of revenues,
expenditures, changes in fund balances
Revenues 108,736,860 Expenditures
96,727,072 Other financing sources (uses)
(9,457,485) Net change in fund balance
2,552,303 Beginning fund balance
50,321,956 Ending fund balance 52,874,259
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Fund Financials Analysis (Governemental)

• Fund balance related to expenditures
• Fund balance policies (5-25 requirements)
• Unreserved fund balance 44,874,259
• Divided by total expenditures 96,727,072
• Equals fund balance percentage 46.4

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Fund Financials Analysis (Governmental)

• Percentage change in fund balance
• Inc. (dec.) in fund balance 2,552,303
• by beginning fund balance 50,321,956
• fund balance change percentage 5.1

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Fund Financial Statements

• Proprietary Funds
• Measurement focus economic resources
• Basis of Accounting full accrual
• Like government-wide statements
• Major funds - 10/5 rule

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Proprietary Fund Financial Statements

• Balance Sheet/ Statement of Net Assets
• Assets liabilities equity or net assets
• Assets liaibilities classified as current
  non-current
• Statement of revenues, expenses, and changes in
  fund net assets
• Expenses vs. expenditures
• Statement of Cashflows

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Proprietary Funds Balance Sheet
15
Proprietary Funds Balance Sheet
16
Proprietary Funds Balance Sheet
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Proprietary Funds Balance Sheet
Solid Waste Assets Current Assets
34,931,102 Non-current Assets 26,319,3
98 Total Assets 61,250,500 Liabilities
Current Liabilities 4,621,033
Non-current Liabilities 8,572,158 Total
Liabilities 13,193,191 Total Net
Assets 48,057,309
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Proprietary Funds Balance Sheet
Debt/Asset Ratio Solid Waste
13,193,191 61,250,500 0.215 or
21.5 Golf Course 5,097,323
7,781,428 0.655 or 65.5
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Proprietary Funds Balance Sheet
Comparison Key Indicators Indicator
Solid Waste Golf Course Debt/Asset Ratio
21.5 65.5 Cash (unrestricted)
19,155,064 15,153 Net Assets
48,057,309 2,684,105 Unrestricted Net
Assets 21,768,326 (554,140) Fund Balance
Budget 191.9 -21.6 Current Ratio
7.56 0.19
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Proprietary Funds Statement of Revenues,
Expenses, Changes in Net Assets
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Proprietary Funds Statement of Revenues,
Expenses, Changes in Net Assets
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Proprietary Funds Statement of Revenues,
Expenses, Changes in Net Assets
Ratios Operating Income Operating Rev.
Operating Exp. 3,313,994 -
2,570,672 743,322 Operating Margin
Operating Income Operating Exp. 743,322
2,570,672 0.289 or 28.9
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Proprietary Funds Statement of Cashflows
Cashflows from Operating Activities
Noncapital Financing Activities Capital
Related Financing Activities Investing
Activities Net increase (decrease) in Cash Cash
Equiv.
24
Proprietary Funds Statement of Cashflows
Golf Course Cashflows from
Operating Activities 827,625
Noncapital Financing Activities 3,085
Capital Related Financing Activities
(831,545) Investing Activities
12,540 Net increase (decrease) in Cash Cash
Equiv. 11,705
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Fiduciary Fund Statements

• Statement of Fiduciary Net Assets
• No option of sustituting Balance Sheet
• No total column not tied to government-wide
  reporting
• Only accounting liabilities reported (no unfunded
  actuarial accrued liability)
• Statement of Changes in Fiduciary Net Assets
• Changes classified as additiona or deductions

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Notes to Financial Statements
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Other Information

• Required Supplementary Information (other than
  MDA)
• Information on nonmajor individual funds
• Statistical Section
• Financial trends
• Revenue capacity
• Debt capacity
• Demographic information
• Bond disclosures
• Other