Governmental Activities
Governmental activities for the year resulted in a decrease in net position of $19.9 million or 68.7%.
Key elements of this change include favorable auto permits and intergovernmental revenues and
substantial unspent appropriations, increased funding levels in the internal service fund, softened
by approximately $23.3 million increase to pension expense from GASB 68 and spending
approximately $21.0 million for the downtown performing arts center.
The chart below identifies revenues by source for governmental activities:
GOVERNMENTAL ACTIVITIES - REVENUES BY SOURCE
Fiscal Year Ended June 30, 2021
Non Program
Penalties & Interest on Grants &
Taxes Kootributi Other Income
0.4%
Investment
Income
Program Revenues -
Charges for Services
3.9%
Program Revenues -
Operating Grants &
Contributions
22.5%
Motor Vehicle Permits
4.8%
Program Revenues -
Capital Grants &
Contributions
3.1%
Property Taxes _ cea
61.9%
As reflected in the above chart, the City’s largest sources of revenue are from property taxes
(61.9%) and operating grants and contributions (22.5%). The cost of all governmental activities
this year was $363.4 million. This reflects a $34.3 million increase over the fiscal year 2020 total
of $329.1 million. However, as shown in the Statement of Activities on pages 33 - 34, the amount
that our taxpayers ultimately financed for these activities through City property taxes was $216.3
million because some of the cost was paid by those who directly benefited from the programs
through charges for services or by other governments and organizations that subsidized certain
programs with capital and operating grants and contributions. The City supports the remaining
portion of the governmental activities with other general revenues such as motor vehicle
registrations, investment income, unrestricted grants and contributions, and miscellaneous other
revenues.
The table below presents the cost of each of the City’s programs as well as each program’s net cost
{total cost less revenues generated by the activities). The net cost shows the amount that must be
supported by property taxes and other general revenues.
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