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Revenues:
<br />Program Revenues:
<br />Charges for Services
<br />Operating Grants &
<br />Contributions
<br />Capital Grants & Contributions
<br />General Revenues:
<br />Property Taxes
<br />Investment Income
<br />Other
<br />Total Revenues
<br />Expenses:
<br />Parks & Recreation
<br />Statement of Activities
<br />June 30,
<br />M
<br />$ 5,595,747
<br />2,314,420
<br />4,797,528
<br />16,880,043
<br />736,812
<br />1,236,242
<br />$ 31,560,792
<br />2017
<br />$ 5,323,029
<br />1.,733,833
<br />2,923,491
<br />15,955,220
<br />491,819
<br />562,916
<br />$ 26,999,308
<br />$ 26,485,446 $ 24,230,439
<br />Change in Net Position
<br />5,075,346
<br />2,768,869
<br />Net Position -- Beginning
<br />150,480,162
<br />147,978,630
<br />Prior Period Adjustment
<br />(6,707,660)
<br />(267,337)
<br />Net Position - Beginning, restated
<br />143,772,502
<br />147,711,293
<br />Net Position - Ending
<br />$148,847,848
<br />$150#80,162
<br />FINANCIAL ANALYSIS OF DISTRICT FUNDS
<br />As noted earlier, the District uses fund accounting to ensure and demonstrate compliance with
<br />finance -related legal requirements.
<br />Governmental funds
<br />The focus of the District's governmental hinds is to provide information on near-term inflows,
<br />outflows, and balances of spendable resources. Such information is useful in assessing the
<br />District's financing requirements. In particular, unassigned fund balance may serve as a useful
<br />measure of a government's net resources available for spending at the end of the fiscal year.
<br />At the close of fiscal year 2017-18, District governmental funds reported a combined ending fund
<br />balance of $40.2 million, a decrease of $0.9 million offset by a $0.4 million prior period adjustment.
<br />Approximately $33.9 million or 84.3 percent is in the General Fund. Of this amount, $30.0 million
<br />is being held for specific purposes.
<br />The following are the District's major funds:
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