2007 Annual Report - Town of Wilton

TOWN OF WILTON, CONNECTICUTSTATEMENT OF ACTIVITIESFor the Year Ended June 30, 2007Program RevenuesNet (Expense) Revenue and Changes in Net AssetsOperating CapitalCharges for Grants and Grants and Governmental Business-typeFunctions/Programs Expenses Services Contributions Contributions Activities Activities TotalGovernmental activities:General government $ (6,492,495) $ 2,482,505 $ - $ - $ (4,009,990) $ - $ (4,009,990)Public safety (11,582,747) 363,266 - - (11,219,481) - (11,219,481)Public works (4,195,931) 54,820 113,035 157,034 (3,871,042) - (3,871,042)Public health and welfare (1,384,490) 67,110 17,143 - (1,300,237) - (1,300,237)Education (68,354,884) 2,379,822 3,363,989 331,620 (62,279,453) - (62,279,453)Recreation and Parks Commission (2,000,775) 64,022 877,401 - (1,059,352) - (1,059,352)Library and other (2,530,341) - - - (2,530,341) - (2,530,341)Interest on long-term debt (2,777,892) - - - (2,777,892) - (2,777,892)Total governmental activities (99,319,555) 5,411,545 4,371,568 488,654 (89,047,788) - (89,047,788)Business-type activities:WPCA (860,983) 687,426 - - - (173,557) (173,557)Transfer station (1,108,309) 996,798 - - - (111,511) (111,511)Total business-type activities (1,969,292) 1,684,224 - - - (285,068) (285,068)Total government $ (101,288,847) $ 7,095,769 $ 4,371,568 $ 488,654 $ (89,047,788) $ (285,068) $ (89,332,856)The notes to the financial statements are an integral part of this statementGeneral revenues:Property taxes $ 88,341,823 $ - $ 88,341,823Grants and contributions not restricted tospecific programs 4,334,616 - 4,334,616Unrestricted investment earnings 2,247,434 518,436 2,765,870Transfers in (out) (135,000) 135,000 -Total general revenues 94,788,873 653,436 95,442,309Change in net assets 5,741,085 368,368 6,109,453Net assets - beginning 91,619,802 9,459,956 101,079,758Net assets - ending $ 97,360,887 $ 9,828,324 $ 107,189,21114Audit Report36