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TABLE 2
<br />CITY OF SAN MARCOS, TEXAS
<br />CHANGES IN NET ASSETS
<br />(Continued)
<br />LAST FIVE FISCAL YEARS
<br />Fiscal Year
<br />2003 2004 2005 2006 2007
<br />NET (EXPENSE) REVENUES
<br />Governmental activities
<br />$( 23,141,783) $(
<br />22,604,957)
<br />$( 26,241,056)
<br />$( 26,085,059)
<br />$( 26,226,162)
<br />Business -type activities
<br />138,764
<br />3,264,166
<br />7,771,879
<br />8,500,547
<br />7,376,041
<br />Total primary government net expense
<br />( 23,003,019) (
<br />19,340,791)
<br />( 18,469,177)
<br />( 17,584,512)
<br />( 18,850,121)
<br />GENERAL REVENUES AND OTHER CHANGES IN NET ASSETS
<br />Governmental activities:
<br />Taxes
<br />Property
<br />8,113,608
<br />8,428,032
<br />8,668,066
<br />8,912,647
<br />9,558,703
<br />Franchise
<br />5,955,783
<br />5,519,858
<br />6,242,627
<br />6,999,442
<br />6,927,867
<br />Sales
<br />12,423,296
<br />13,491,105
<br />14,062,454
<br />16,377,390
<br />16,018,106
<br />Other
<br />552,560
<br />1,076,824
<br />1,206,769
<br />1,358,869
<br />1,519,896
<br />Investment earnings
<br />-
<br />474,313
<br />828,558
<br />1,603,021
<br />2,745,676
<br />Miscellaneous
<br />-
<br />81,401
<br />1,021,738
<br />163,646
<br />508,716
<br />Transfers
<br />54441
<br />212,798
<br />831,723
<br />2,479,810
<br />( 379,500)
<br />Total governmental activities
<br />27,099,688
<br />29,284,331
<br />32,861,935
<br />37,894,825
<br />36,899,464
<br />Business -type activities:
<br />Investment earnings
<br />757,878
<br />609,697
<br />1,856,552
<br />3,182,034
<br />4,063,644
<br />Other
<br />577,109
<br />16,038
<br />15,551
<br />27,620
<br />260,923
<br />Transfers
<br />( 54,441) (
<br />212,798)
<br />( 831,723)
<br />( 2,479,810)
<br />379,500
<br />Total business -type activities
<br />1,280,546
<br />412,937
<br />1,040,380
<br />729,844
<br />4,704,067
<br />Total primary government
<br />28,380,234
<br />29,697,268
<br />33,902,315
<br />38,624,669
<br />41,603,531
<br />CHANGE IN NET ASSETS
<br />Governmental activities
<br />3,957,905
<br />6,679,374
<br />6,620,879
<br />11,809,766
<br />10,673,302
<br />Business -type activities
<br />1,419,310
<br />3,677,103
<br />8,812,259
<br />9,230,391
<br />12,080,108
<br />Total primary government
<br />$ 5,377,215 $
<br />10,356,477
<br />$ 15,433,138
<br />$ 21,040,157
<br />$ 22,753,410
<br />Note:
<br />The City began to report accrual information when it implemented GASB Statement 34 in fiscal year 2003.
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