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Management Discussion & Analysis
<br /> General Fund expenditure budget by $2,620,306 or 4.2%. The largest savings were in the police
<br /> and fire department budgets as personal and other costs spent were less than budgeted.
<br /> Capital Assets and Debt Administration
<br /> Capital assets
<br /> Statement of Capital Assets
<br /> Governmental Business type Government wide
<br /> Activities Activities
<br /> Activities
<br /> $(whole) 2011 2010 2011 2010 2011
<br /> 2010
<br /> Assets not depreciated
<br /> Land 13,285,449 12,435,772 3,024,582 3,020,576 16,310,031 15,456,348
<br /> Construction in progress 13,150,305 49,034,174 12,217,249 16.404,487 25,367,554 65,438,661
<br /> Total 26,435,754 61,469,946 15,241,831 19,425,063 41,677,585 80,895,009
<br /> Assets depreciated
<br /> Buildings 116,244,771 97,928,133 88,915,505 88,941,215 205.160,276 186,869,348
<br /> Non-building improvements 43,335,206 22,970,590 160,004,338 143,262,590 203,339,544 166,233,180
<br /> Machinery&equipment 47,218,930 42,320,643 54,800,866 51,262,296 102,019,796 93,582,939
<br /> Roads 380,500,515 370,055,466
<br /> - - 380,500,515 370,055,466
<br /> Total Cost 587,299,422 533,274,832 303,720,709 283,466,101 891,020,131 816,740,933
<br /> Accumulated depreciation
<br /> Buildings 33,761,990 31,401,511 44,092,151 42,206,773 77,854,141 73,608,284
<br /> Non-building improvements 8,163,538 7,226,570 26,213,770 24,547,762 34,377,308 31,774,332
<br /> Machinery&equipment 31,953,062 31,249,330 38,527,629 35,176,348 70,480,691 66,425,678
<br /> Roads 246,015,123 236,674,004
<br /> - - 246,015,123 236,674,004
<br /> Total 319,893,713 306,551,415 108,833,550 101,930,883 428,727,263 408,482,298
<br /> Net Depreciated Assets 267,405,709 226,723,417 194,887,159 181,535,218 462,292,868 408,258,635
<br /> Net Assets 293,841,463 288,193,363 210,128,990 200,960,281 503,970,453 489,153,644
<br /> City investment in capital assets for governmental and business type activities was $503,970,453
<br /> (net of depreciation) at December 31, 2011.
<br /> The investment in capital assets includes land and land improvements, buildings and building
<br /> improvements, vehicles, information technology computers, machinery and equipment, and
<br /> construction in progress. A detailed explanation of these capital assets can be found in the Notes
<br /> to the Basic Financial Statements.
<br /> Under the category of roads, the current cost amount of $380,500,515 includes estimated costs
<br /> derived primarily from the City's 2006 implementation of GASB Statement No. 34, which required
<br /> the retroactive reporting of infrastructure capital assets. All other assets are recorded at historical
<br /> cost.
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