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TABLE 2 <br />CITY OF SAN MARCOS' CHANGES IN NET ASSETS <br />Governmental Activities Business -type Activities <br />Totals <br />2007 2006 <br />Revenues: <br />11,052,802 <br />9,329,956 <br />11,700,608 <br />11,710,201 <br />22,753,410 <br />21,040,157 <br />Program revenues: <br />( 379,500) <br />2,479,810 <br />379,500 ( <br />2,479,810) <br />- <br />- <br />Charges for services $ <br />2,877,826 $ <br />3,360,577 $ <br />72,084,166 $ <br />74,341,571 <br />$ 74,961,992 $ <br />77,702,148 <br />Operating grants <br />69,425,338 <br />57,841,148 <br />97,005,361 <br />87,549,394 <br />166,430,699 <br />145,390,542 <br />and contributions <br />6,128,665 <br />2,149,913 <br />- <br />- <br />6,128,665 <br />2,149,913 <br />Capital grants <br />Net assets, ending <br />$ 80,098,640 $ <br />69,425,338 $ <br />109,085,469 $ <br />and contributions <br />3,921,368 <br />638,048 <br />309,307 <br />1,122,112 <br />4,230,675 <br />1,760,160 <br />General revenues: <br />Property taxes, levied <br />for general purposes <br />3,497,202 <br />3,526,288 <br />- <br />- <br />3,497,202 <br />3,526,288 <br />Property taxes, levied <br />for debt service <br />6,061,501 <br />5,386,359 <br />- <br />- <br />6,061,501 <br />5,386,359 <br />Sales taxes <br />16,018,106 <br />16,377,390 <br />- <br />- <br />16,018,106 <br />16,377,390 <br />Franchise taxes <br />6,927,867 <br />6,999,442 <br />- <br />- <br />6,927,867 <br />6,999,442 <br />Hotel /motel taxes <br />1,308,101 <br />1,167,046 <br />- <br />- <br />1,308,101 <br />1,167,046 <br />Investment earnings <br />2,745,676 <br />1,603,021 <br />4,063,644 <br />3,182,034 <br />6,809,320 <br />4,785,055 <br />Other <br />720,511 <br />355469 <br />260,923 <br />27,620 <br />981,434 <br />383,089 <br />Total revenues <br />50,206,823 <br />41,563,553 <br />76,718,040 <br />78,673,337 <br />126,924,863 <br />120,236,890 <br />Expenses: <br />General government <br />13,769,853 <br />9,416,555 <br />- <br />- <br />13,769,853 <br />9,416,555 <br />Public safety <br />13,537,545 <br />12,896,427 <br />- <br />- <br />13,537,545 <br />12,896,427 <br />Community service <br />9,077,477 <br />8,032,845 <br />- <br />- <br />9,077,477 <br />8,032,845 <br />Interest and fiscal charges <br />2,769,146 <br />1,887,770 <br />- <br />- <br />2,769,146 <br />1,887,770 <br />Electric <br />- <br />- <br />40,539,638 <br />44,786,544 <br />40,539,638 <br />44,786,544 <br />Water and sewer <br />- <br />- <br />21,657,804 <br />19,702,909 <br />21,657,804 <br />19,702,909 <br />Airport <br />- <br />- <br />739,316 <br />689406 <br />739,316 <br />689406 <br />Drainage <br />- <br />- <br />577461 <br />374,013 <br />577461 <br />374,013 <br />Waste collection <br />- <br />- <br />1,503,213 <br />1,410,264 <br />1,503,213 <br />1,410,264 <br />Total expenses <br />39,154,021 <br />32,233,597 <br />65,017,432 <br />66,963,136 <br />104,171,453 <br />99,196,733 <br />Increases in net assets <br />before transfers <br />11,052,802 <br />9,329,956 <br />11,700,608 <br />11,710,201 <br />22,753,410 <br />21,040,157 <br />Transfers <br />( 379,500) <br />2,479,810 <br />379,500 ( <br />2,479,810) <br />- <br />- <br />Increase in net assets <br />10,673,302 <br />11,809,766 <br />12,080,108 <br />9,230,391 <br />22,753,410 <br />21,040,157 <br />Net assets, beginning <br />69,425,338 <br />57,841,148 <br />97,005,361 <br />87,549,394 <br />166,430,699 <br />145,390,542 <br />Prior period adjustment <br />- ( <br />225,576) <br />- <br />225,576 <br />- <br />- <br />Net assets, ending <br />$ 80,098,640 $ <br />69,425,338 $ <br />109,085,469 $ <br />97,005,361 $ <br />189,184,109 $ <br />166,430,699 <br />8 <br />