Sunday, January 08, 2012

Annual Financial Report FY 2010/11

Annual Financial Report FY 2010

FY 2010-11 Draft Audited Financial Statements

FINANCIAL HIGHLIGHTS
The City's assets exceeded liabilities at June 30, 2011, by $27,918,739. The current year change in net assets was ($339,992).

Of the total net assets, $18,876,010 was invested in capital assets (net of related debt) or had restrictions on their use.

As of June 30, 2011, the City's governmental funds (general fund and special revenue funds) had a combined fund balance of$10,486,101, a decrease of$669k from the previous year. Of the total fund balance, $440k was restricted; $8.4m was committed for capital acquisitions and future expenditures, $68k assigned for improvements to the Forest Theater; and $1.4m was unassigned.

PUBLIC IMPROVEMENT AUTHORITY June 30 2011

PUBLIC IMPROVEMENT AUTHORITY June 30 2011

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