04012008 Regular Meeting - Laserfiche WebLink

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The City of San Marcos maintains 17 individual governmental funds. Information is presented separately in the governmental funds balance sheet and in the governmental funds statement of revenues, expenditures, and changes in fund balances for the General Fund, Hotel Occupancy Fund, Capital Projects Fund, and Debt Service Fund, all of which are considered to be major funds. Data from the other 13 governmental funds are combined into a single, aggregated nonmaj or fund presentation. Individual fund data for each of these nonmaj or governmental funds is provided in the form of combining statements elsewhere in the CAFR. The basic governmental fund financial statements can be found on pages 16 — 19 of this report. Proprietary funds. The City charges customers for certain services it provides. These services are generally reported in proprietary funds. Proprietary funds are reported in the same way that all activities are reported in the statement of net assets and the statement of activities. The City of San Marcos maintains five individual enterprise funds: Electric, Water and Wastewater, Airport, Drainage, and Waste Collection. The fund financial statements provide the same type of information as the government -wide financial statements, only in more detail. The proprietary fund financial statements provide separate information for the Electric and Water and Wastewater, both of which are considered to be major funds of the City. Data from the other three enterprise funds are combined into a single, aggregated nonmaj or fund presentation. Individual fund data for each of these nonmaj or enterprise funds is provided in the form of combining statements elsewhere in the CAFR. The basic proprietary funds financial statements can be found on pages 22 — 25 of this report. Notes to the Financial Statements. The notes provide additional information that is essential to a full understanding of the data provided in the government -wide and fund financial statements. The notes to the financial statements can be found on pages 26 — 50 of this report. Other Information. In addition to the basic financial statements and accompanying notes, this report presents the combining statements referred to earlier in connection with nonmaj or governmental and enterprise funds, comparative information for the General Fund and budgetary information to demonstrate the City's budgetary compliance. Combining and individual fund statements and schedules can be found on pages 51 — 69 of this report. GOVERNMENT -WIDE FINANCIAL ANALYSIS The City's combined net assets were $189.2 million as of September 30, 2007. Analyzing the net assets and net expenses of governmental and business -type activities separately, the business -type activities net assets are $109.1 million. This analysis focuses on the net assets (Table 1) and changes in net assets of the City's governmental and business -type activities (Table 2).