Comprehensive Annual Financial Report (CAFR) - Johnson City

GovernmentalBusiness-typeActivities Activities Total2011 2010 2011 2010 2011 2010Expenses:General government 10,694 16,250 10,694 16,250.Public safety 23,894 20,093 23,894 20,093Public works 14,922 15,042 14,922 15,042Public welfare 7,371 3,459 7,371 3,459City services 2,223 2,924 2,223 2,924Education 69,231 65,853 69,231 65,853Interest on long-term debt 7,239 6,686 7,239 6,686Water and sewer 24,165 21,602 24,165 21,602City solid waste 8,336 8,018 8,336 8,018Regional solid waste 2,006 1,926 2,006 1,926Power board 185,044 163,284 185,044 163,284Public building authority 2,007 2,015 2,007 2,015Mass transit 3,431 3,449 3,431 3,449Stormwater management 1,000 1,004 1,000 1,004. Golf courses ·1,322 1,240 1,322 1,240Total expenses 135,574 130,307 227,311 202,538 362,885 332,845Increase in net assetsbefore transfers (342) 2,305 17,492 22,170 17,150 24,475Transfers 2,463 2,242 (2,463) (2,242)Change in net assets 2,121 4,547 15,029 19,928 17,150 24,475Net assets, beginning of period 185,641 181,094 245,892 225,964 431,533 407,058Prior period adjustmentNet assets, end of period $ 187,762 185,641 260,921 245,892 448,683 431,533··Governmental activities. Governmental activities increased the City's net assets by $2,121,thereby accounting for 12% of the total growth in the net assets of the City. This growth wasprimarily contributed by a surpius in the Insurance Fund. Additionally, information regardingthis increase can be found in Note 2 on pages 53 through 54 of this report.Business-type activities . Business-type activities increased the City's net assets by $15,029accounting for 88% of the total growth in the City's net assets. Key elements of this increase areas follows:• Johnson City Power Board achieved a net income and contributed 56% of the total growth innet assets for business-type activities.• Water and Sewer Activities reported positive performance and contributed 33% of the totalnet assets growth (business-type activities) to provide funds for debt repayments and capitalexpansion as indicated in the statement of cash flows located on pages 36 through 3 8 of thisreport.• Stormwater management activities reported positive performance and provided 7% of thetotal net assets growth. These funds were invested in the capital expansion program.• City and Regional solid waste activities contributed 5% of the net asset growth.7