Financial- Standard and Poor's (1-2 Files)

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GENERAL GOVERNMENT FUNCTIONS (CONT. Tbe total gene~al gova~nma~tal ~xpenditures increased 24.17% during the fiscai year. The largest incc~ease occiured in roads and bridges. Tliis increase is due to the emphasis ~blic works placed on overlaying s~eets and the rebuilding of the County's road system. 'Ibe increase in the health and social services exp«iditures nlated to the increase in intagovernmental revenues discussed above. Tbe County has raxived increased grant funds to provide more social progams for the disadvantagod. Part of this funding is far the administration of programs that the State -is delegaring to the county level and the balancx is due to the c.ontinuing effort to move people out of state facilities and mainstream th~ into sociay. . The incxease in the public safety expraditures relates to the ooat of ~e~ting, pmsearting, holding, and providing probarion servicas for both juvenile and adult offenders. Tba age of the offeadeis is getting younger and the seriousness of the crimes is increasiag. Eau'~tv Balances ~nd balances and retained eernings ~ maiatained at adequata levela TLe Ga-e~al Fund fimd balana of 55,562,189 is up 5362,510 from last yesr, the Special Revenue Funds' fimd balancx of 510,282,576 is dovm SZ,845,455, the Debt Servia Fund's fund balance of SS,45S,698 is up 5642,486, and the Capital Projed F~ad's fund balance of S 195,651 was up 53,045 from prior years' fund bal~nets, iespectively. Pro~rietarv Oaerations ~ TLe County's enterprise operations consist of the Solid Waste Fund, which aoooimts for du activities of the solid waste disposal syst~m ~d the related contract with the opaator of the waste butner, and d~ra service districts which account for sewer, lighring and drainage activities within apeciflc a~ees of the Co~mty. 'Ihese activities are not expected to be profitable over time, but are intaided to g~e ~ffieient t+e+rmues to continue to provide appropriate services to citi~ens. Each e.aterprise activity has positive equiry, and is financiatly stable. 'Ibe County's intcrnal service activities consist af services pravided to other funds within the County. Eacb fuad within this group had net positivic equity at June 30, 1993, aad o~ecated within the adopted budget for the year. Each activity within this fund type is inte~ded to provide savices Lo other fimds at the lowest possible cost consistent with good service and prudence. I believe that we have suh~antielly md that goal. Fiduciarv Activities Two agency funds account for assets held in trust for others. The major liabilities include the unmatured warrants for all funds, the defernd compensation plan liability, and tffic related monies held and W be oollected for ail taxing bodies within the County. For each fund, the assets aqual the liability. No unusual adivity has occurred within the fimds during the fiscal year. Risk Manaaement 'Ihe County self-insures for many categories of loss, and provides an aggressive pmgram of risk management for all County personnel and activities. Because the County prog~atn eliminates many insurance premiums for risks that are setf-insured, Counry management believes that Coanty t~cpayers are saved a considerable amount of money. ~ - xiii -