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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