WAUKESHA COUNTY Waukesha, Wisconsin

WAUKESHA COUNTY, WISCONSINMANAGEMENT’S DISCUSSION AND ANALYSIS (unaudited)December 31, 2010Waukesha CountyChanges in Net Assets(in $000's)Governmental Activities Business-type Activities Total2010 2009 2010 2009 2010 2009Revenues:Program revenues:Charges for services $ 36,367 $ 34,183 $ 6,646 $ 6,024 $ 43,013 $ 40,207Operating grants and contributions 50,056 50,785 1,273 2,532 51,329 53,317Capital grants and contributions 8,472 486 103 192 8,575 678General revenues:Property taxes 103,031 98,395 193 192 103,224 98,587Intergovernmental revenues 1,985 1,960 - - 1,985 1,960Investment earnings 6,430 5,836 37 58 6,467 5,894Miscellaneous 3,642 4,371 32 45 3,674 4,416Gain (loss) on disposal/sale of capital assets 365 467 - - 365 467Total revenues 210,348 196,483 8,284 9,043 218,632 205,526Expenses:Justice and public safety 51,000 51,477 - - 51,000 51,477Health and human services 69,357 69,148 - - 69,357 69,148Environment, parks and education 19,399 20,173 - - 19,399 20,173Public works 31,711 30,981 - - 31,711 30,981General government 16,664 16,734 - - 16,664 16,734Interest expense 2,407 2,661 - - 2,407 2,661Radio services - - 654 982 654 982Golf courses - - 3,185 3,163 3,185 3,163Ice arenas - - 1,124 1,149 1,124 1,149Materials recovery facility - - 1,805 1,597 1,805 1,597Airport - - 1,617 1,721 1,617 1,721Total Expenses 190,538 191,174 8,385 8,612 198,923 199,786Increase (decrease) in net assetsbefore transfers 19,810 5,309 (101) 431 19,709 5,740Transfers 395 275 (395) (275) - -Increase (decrease) in net assets 20,205 5,584 (496) 156 19,709 5,740Net assets beginning of year 339,431 333,847 46,640 46,484 386,070 380,331Net assets end of year $ 359,636 $ 339,431 $ 46,143 $ 46,640 $ 405,779 $ 386,07122