The difference between the original and final amended budget resulted in an overall increase in
appropriations of $0.65 million and is summarized as follows:
Total Original Budget, per budgetary financial statements/schedule $ 301,027,022
Plus: Transférs in from Retirement Trust and
Police Overtime Reserve Fund 650,416
Total Final Budget, per Financial Statements/Schedules $ 301,677,438
The combined difference between the final amended budget and actual results reflects an overall
surplus of $8.7 million.
Actual revenues, transfers, and other financing sources on a budgetary basis were $303.1 million which
represents a $6.2 million surplus over the final revenue budget. Significant revenue surpluses and
deficits are summarized as follows:
e $5.5 million in motor vehicle registrations
e¢ $0.4 million in intergovernmental revenues
¢ $0.3 million in miscellaneous revenue
¢ $0.3 million in licenses and permits
* $(0.3) million in property taxes
Actual expenditures, transfers, and other financing uses on a budgetary basis were $299.2 million,
(inclusive of carryforward appropriations), resulting in a $2.5 million surplus below the final
expenditure budget.
Capital Asset and Debt Administration
Capital Assets
The City’s investment in capital assets for its governmental and business-type activities as of June
30, 2021 amounted to $540.6 million, net of accumulated depreciation, an increase of $30.1 million
over the prior fiscal year. This investment in capital assets includes land, buildings, vehicles,
equipment, and infrastructure (in thousands):
CAPITAL ASSETS AS OF JUNE 30, 2021 AND 2020
(net of accumulated depreciation)
(in thousands}
Governmental Business-Type
Activities Activities Total
2021 2020 2021 2020 2021 2020
Land and improvements $ 31.839 $ 31,116 §$ 11.528 $ 12.279 $ 43,367 § 43.395
Buildings and systems 150,614 156,775 35,947 37,713 186,561 194,488
Machinery and equipment 36.311 33,718 24,631 23.879 60,942 57.597
Infrastructure 105,680 101,026 85.714 86,846 191,394 187,872
Construction in progress 38.076 10,825 20,288 16,400 58,364 27,225
$ 362,520 $ 333,460 $ 178.108 $ 177117 $ 540,628 $ 510.577
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