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2009 Monticello Annual Comprehensive Financial Report INTRODUCTORY SECTION FINANCIAL SECTION -1- INDEPENDENT AUDITOR’S REPORT City Council and Residents City of Monticello, Minnesota We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Monticello, Minnesota (the City) as of and for the year ended December 31, 2009, which collectively comprise the City’s basic financial statements as listed in the table of contents. These financial statements are the responsibility of the City’s management. Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control over financial reporting. Accordingly, we express no such opinion. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and the significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinions. In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City as of December 31, 2009, and the respective changes in financial position and cash flows, where applicable thereof, for the year then ended in conformity with accounting principles generally accepted in the United States of America. In accordance with Government Auditing Standards, we have also issued our report dated June 10, 2010 on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements, and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards and should be considered in assessing the results of our audit. (continued) -1- CITY OF MONTICELLO Management’s Discussion and Analysis Year Ended December 31, 2009 -3- As management of the City of Monticello, Minnesota (the City), we offer the readers of these financial statements this narrative overview and analysis of the City’s financial activities for the fiscal year ended December 31, 2009. FINANCIAL HIGHLIGHTS The assets of the City exceeded its liabilities at year-end by $112,359,788 (net assets). Of this amount, $31,029,179 (unrestricted net assets) may be used to meet the City’s ongoing obligations to citizens and creditors. As of the close of the current fiscal year, the City’s governmental funds reported combined ending fund balances of $31,705,396, a decrease of $3,488,952 from the prior year. Reserved and designated uses of fund balance totaled $15,652,820, leaving $16,052,576 available for spending at the City’s discretion (unreserved and undesignated fund balance). At the end of the current fiscal year, unreserved – undesignated fund balance for the General Fund was $1,269,692 or 16 percent of total General Fund expenditures for 2009. In addition, the City has $2,850,000 as unreserved – designated for working capital. The City targets 45 percent of next year’s expenditure budget as the optimum fund balance level, providing a reserve for cash flow during the first six months of each subsequent year until property tax receipts are released from the county treasurer’s office and distributed to the local levels of government. The $2,850,000 represents this 45 percent and is reported as designated for working capital in the General Fund. The City’s total long-term liabilities decreased by $6,727,929 (10 percent) during 2009. Principal payments made on outstanding debt totaled $6,819,293. The City issued no new debt in 2009. OVERVIEW OF THE FINANCIAL STATEMENTS This discussion and analysis is intended to serve as an introduction to the City’s basic financial statements, which are comprised of three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to basic financial statements. The report also contains other required supplementary information, which can provide detailed information on the City’s financial activity. Government-Wide Financial Statements – The government-wide financial statements are designed to provide readers with a broad overview of the City’s finances in a manner similar to a private sector business. The Statement of Net Assets presents information on all of the City’s assets and liabilities, with the difference between the two reported as net assets. Over time, the changes in net assets may serve as a useful indicator of the financial health of the City. The Statement of Activities presents information showing how the City’s net assets changed during the year. All changes in net assets are reported as soon as the underlying event affecting the change occurs, regardless of the timing of related cash flows. Therefore, revenues and expenses are reported in this statement for some items that will result in cash flows in future fiscal periods, such as uncollected taxes and earned but unused vacation leave. -4- Both of the government-wide financial statements distinguish functions of the City that are principally supported by taxes and intergovernmental revenue (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business-type activities). The governmental activities provided by the City include general government, public safety, public works, culture and recreation, sanitation, and economic development. Business-type activities include water, sewer, liquor, cemetery, and fiber optics activities. The government-wide financial statements include not only the City itself (known as the primary government), but also the Economic Development Authority (EDA). The EDA is a legally separate entity which functions, in essence, as a department of the City, to provide redevelopment assistance through the administration of various programs. Therefore, the EDA has been included as an integral part of the City’s financial statements. Fund Financial Statements – A fund is a grouping of related accounts used to maintain control over resources that have been segregated for specific activities or objectives. The City, like other units of government, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the City’s funds can be divided into two categories: governmental funds and proprietary funds. Governmental Funds – Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental funds financial statements focus on near-term receipt and use of spendable resources, as well as on the balance of spendable resources available at the end of the fiscal year. This information may be useful in evaluating a government’s near-term financing requirements. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide statements. By doing so, readers may better understand the long-term impact of the City’s near-term financing decisions. Both the governmental funds Balance Sheet and the governmental funds Statement of Revenue, Expenditures, and Changes in Fund Balances provide a reconciliation to facilitate this comparison. The City maintains several individual governmental funds. Information is presented separately in the governmental funds Balance Sheet and in the governmental funds Statement of Revenue, Expenditures, and Changes in Fund Balances for the General Fund, Community Center Special Revenue Fund, Capital Outlay Revolving Special Revenue Fund, Economic Development Authority Special Revenue Fund, Sanitary Sewer Access Special Revenue Fund, Debt Service Fund, and Capital Projects Fund, all of which are considered to be major funds. Data from the remaining governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these nonmajor governmental funds is provided in the form of combining statements elsewhere in this report. The City adopts an annual budget for its General Fund and major special revenue funds. A budgetary comparison schedule has been provided for the General Fund and major special revenue funds to demonstrate compliance with the adopted budgets. Proprietary Funds – The City maintains five enterprise funds which are considered proprietary funds. Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The City uses enterprise funds to account for its water and sewer service operations, liquor sales operation, cemetery maintenance, and fiber optics operation. Proprietary funds provide the same type of information as the government-wide financial statements, only in more detail. The proprietary funds financial statements provide separate information for each of the enterprise operations. -5- Notes to Basic Financial Statements – The notes to basic financial statements provide additional information that is essential to obtaining a full understanding of the data provided in the government-wide and fund financial statements. Other Information – Additional information on nonmajor funds can be found in the combining nonmajor fund statements section of this report. GOVERNMENT-WIDE FINANCIAL ANALYSIS As noted earlier, net assets may serve over time as a useful indicator of a government’s financial position. The City’s assets exceeded its liabilities by $112,359,788 at the end of 2009. A portion of the City’s net assets (57 percent) reflects its investment in capital assets (e.g. land, buildings, machinery and equipment, and infrastructure) less any related outstanding debt used to acquire those assets. The City uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending. Although the City’s investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other resources, since the capital assets themselves cannot be used to liquidate these liabilities. A portion of the City’s net assets (28 percent) reflects its unrestricted net assets which may be used to meet the City’s ongoing obligations to citizens and creditors. City of Monticello’s Net Assets 200920082009200820092008 Current and other assets50,378,271$ 55,438,385$ 24,988,321$ 31,598,427$ 75,366,592$ 87,036,812$ Capital assets74,188,401 74,668,977 37,120,792 32,897,745 111,309,193 107,566,722 Total assets124,566,672 130,107,362 62,109,113 64,496,172 186,675,785 194,603,534 Long-term liabilities 40,807,766 47,426,533 27,348,922 27,404,404 68,156,688 74,830,937 Other liabilities4,175,182 4,576,409 1,984,127 1,166,698 6,159,309 5,743,107 Total liabilities44,982,948 52,002,942 29,333,049 28,571,102 74,315,997 80,574,044 Net assets Invested in capital assets, net of related debt33,712,370 27,584,763 29,910,696 31,375,890 63,623,066 58,960,653 Restricted17,688,193 22,074,427 19,350 19,350 17,707,543 22,093,777 Unrestricted28,183,161 28,445,230 2,846,018 4,529,830 31,029,179 32,975,060 Total net assets79,583,724$ 78,104,420$ 32,776,064$ 35,925,070$ 112,359,788$ 114,029,490$ Governmental ActivitiesBusiness-Type ActivitiesTotal At the end of 2009, the City was able to report positive balances in all three categories of net assets, both for the government as a whole and for its separate governmental and business-type activities. -6- Governmental Activities – The net assets invested in capital assets, net of related debt in the City’s governmental activities increased from the previous year due to significant infrastructure improvements and additions. A significant portion of the increase was related to the continuation of the City’s Reconstruction Program and the additional improvements to the City’s infrastructure, including the purchase of an office building in the downtown area for city use, reconstruction of a portion of Fallon Avenue, construction of a pathway along Edmundson Avenue, and completion of the reconstruction of Jerry Liefert and Kevin Longley Drives in 2009. Business-Type Activities – The net assets invested in capital assets, net of related debt in the City’s business-type activities decreased during 2009 mainly because of the construction of the City’s Fiber Optics Project. This is also the reason for the decrease of unrestricted net assets related to the bond taken out for the construction of the City’s Fiber Optics Project. In 2009, the project included the purchase of several vehicles, construction of a garage at the central office building which house the electronics for the system and installation of the fiber optics system within the City. City of Monticello’s Changes in Net Assets 200920082009200820092008 Revenues Program revenues Charges for services2,785,345$ 3,243,202$ 3,454,417$ 3,364,794$ 6,239,762$ 6,607,996$ Operating grants and contributions269,492 159,192 – – 269,492 159,192 Capital grants and contributions2,067,509 948,340 – 106,787 2,067,509 1,055,127 General revenues Property taxes8,821,568 8,450,599 – – 8,821,568 8,450,599 Franchise taxes48,517 – – – 48,517 – General grants and aids406,735 158,340 – – 406,735 158,340 Investment earnings770,178 1,461,658 188,178 547,703 958,356 2,009,361 Other366,961 233,326 – 136,356 366,961 369,682 Gain on sale of capital assets41,173 – 42,360 – 83,533 – Total revenues15,577,478 14,654,657 3,684,955 4,155,640 19,262,433 18,810,297 Expenses General government1,780,972 1,572,389 – – 1,780,972 1,572,389 Public safety2,849,272 1,792,351 – – 2,849,272 1,792,351 Public works3,827,501 4,634,167 – – 3,827,501 4,634,167 Sanitation547,160 514,208 – – 547,160 514,208 Culture and recreation2,828,152 2,700,683 – – 2,828,152 2,700,683 Economic development842,819 510,126 – – 842,819 510,126 Interest and fiscal charges1,673,431 2,136,872 – – 1,673,431 2,136,872 Water– – 1,018,098 975,846 1,018,098 975,846 Sewer– – 2,074,447 2,085,485 2,074,447 2,085,485 Liquor– – 669,940 620,743 669,940 620,743 Cemetery– – 27,530 29,267 27,530 29,267 Fiber optics– – 2,792,813 1,590,237 2,792,813 1,590,237 Total expenses14,349,307 13,860,796 6,582,828 5,301,578 20,932,135 19,162,374 Increase in net assets before transfers1,228,171 793,861 (2,897,873) (1,145,938) (1,669,702) (352,077) Transfers251,133 371,245 (251,133) (371,245) – – Change in net assets1,479,304 1,165,106 (3,149,006) (1,517,183) (1,669,702) (352,077) Net assets – beginning of year78,104,420 76,939,314 35,925,070 37,442,253 114,029,490 114,381,567 Net assets – end of year79,583,724$ 78,104,420$ 32,776,064$ 35,925,070$ 112,359,788$ 114,029,490$ TotalGovernmental ActivitiesBusiness-Type Activities The City’s net assets decreased in fiscal 2009 by $1,669,702. This decrease was the result of decreased revenues mainly in investment earnings due to negative cash flows in the City’s Fiber Optics Project in 2009. -7- GOVERNMENTAL ACTIVITIES – REVENUES Revenues by Source – Governmental Activities General Grants and Aids 2% Charges for Services 18%Investment Earnings 5% Operating Grants and Contributions 2% Other 3% Capital Grants and Contributions 13% Property Taxes 57% Revenues for the City’s governmental activities increased by $922,821 or 6 percent. The major components of this increase are explained as follows: • Capital grants and contributions increased by $1,119,169 or 118 percent. This increase was due to the City receiving a FEMA grant to purchase emergency fire radios and a Neighborhood Stabilization Program grant in fiscal 2009. • Charges for services decreased by $457,857 or 14 percent. This decrease was primarily due to a reduction in sanitary sewer access fees collected of $190,033, a reduction in storm sewer access fees of $21,617, a reduction in water access fees of $15,535, and a reduction in licenses and permits of $650,742, all due to a decrease in new development and construction activities. • Investment earnings decreased by $691,480 or 47 percent, due to a decrease in interest rates and available cash to invest from the prior year. Expenses – City expenses for governmental activities increased by $488,511 or 4 percent. This increase is primarily due to an increase in overall general government costs. -8- BUSINESS-TYPE ACTIVITIES Revenues by Source – Business-Type Activities Charges for Services 94% Other 6% Business-type activities decreased the City’s net assets by $3,149,006. The rates for each of the City’s utility services operated as enterprise funds are reviewed annually and adjusted by the City Council to assure operating revenues are independently sufficient to cover their own operating expenses and provide for their own capital equipment replacement needs. Capital grants and contributions may be necessary for the future replacement of facility needs as the current and projected future rates will not be sufficient for their ultimate replacement. The City’s business-type charges for services increased by $89,623 or 3 percent primarily due to increased revenue from sewer and water charges of $110,326. Capital grants and contributions decreased by $106,787 due to no capital asset contributions in 2009 from governmental funds. Business-type expenses increased from the previous year by approximately $1,281,250 due to increased costs related to the Fiber Optics Fund of $1,202,576. FINANCIAL ANALYSIS OF THE GOVERNMENT’S FUNDS As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. Governmental Funds – The focus of the City’s governmental funds is to provide information on near-term receipts, uses, and balances of spendable resources. Such information is useful in assessing the City’s financing requirements. In particular, unreserved fund balance may serve as a useful measure of a government’s net resources available for spending at the end of the fiscal year. As of the end of the current fiscal year, the City’s governmental funds reported combined ending fund balances of $31,705,396, a decrease of $3,488,952 from the prior year. Approximately 51 percent of this total amount ($16,052,576) constitutes unreserved and undesignated fund balance, which is available for spending at the City’s discretion. The remainder of fund balance is designated to indicate that, although it is available for spending, it has been internally committed: 1) to liquidate contracts and purchase orders of the prior period; 2) to pay debt service, or 3) for a variety of other designated purposes. -9- The City’s General Fund decreased $1,080,919 during the current fiscal year. Decreased licenses and permits, and investment earnings provided the main decrease in revenues in 2009. The City also transferred out to other funds $495,313 from the General Fund in 2009, which was an increase of $284,509. Each of the main activities of the General Fund were completed efficiently and effectively as authorized within the adopted budget, without using reserve balances; however, the City purchased an office building, which was not budgeted, and a new fire truck, which was budgeted over the last several years. These resulted in total General Fund expenditures being over budget by $903,084 for the year. Community Center Special Revenue Fund – The increase in the Community Center Special Revenue Fund balance was the result of additional revenue generated through increases in memberships, an increase in intergovernmental revenues, and a decrease in the transfer to the debt service funds for the 2009 debt payment for the facility, which was refinanced in 2008. Capital Outlay Revolving Special Revenue Fund – The decrease in fund balance is due to transferring funds for future street improvement projects from the Capital Outlay Revolving Special Revenue Fund to the Street Reconstruction Fund. In the future, the Capital Outlay Revolving Special Revenue Fund will be used to purchase equipment or improvements to city facilities and will not include funding of street improvement projects. Economic Development Authority (EDA) Special Revenue Fund – The EDA Special Revenue Fund in 2009 made the last payment on the contract for deed land purchase of the Otter Creek Business Park. The business park land is available for sale at a discount as an economic development incentive for industrial facilities. In addition, the EDA paid off three of its pay-as-you-go obligations to developers in 2009. Sanitary Sewer Access Special Revenue Fund – The Sanitary Sewer Access Special Revenue Fund balance decreased by $37,675 due to reduced revenues because of less new development activity taking place in the City and the transfer of funds for the Sanitary Sewer Access Special Revenue Fund’s share of debt service payments. Debt Service Fund – The main revenue source is the collection of special assessments, with the annual principal and interest on debt as the only expenditure in 2009. Reserves of $5,777,246 were also used in 2009 for debt service payments. No new debt was issued in 2009. Capital Projects Fund – This fund’s resources decreased in the current year primarily from previous proceeds from the sale of bonds being used for completion of various public improvement projects. Proprietary Funds – The City’s proprietary funds provide the same type of information found in the government-wide financial statements, but in more detail. Water Fund – Net assets increased $86,488 for the Water Fund; however, the Water Fund had an operating loss of $54,505 in 2009. The depreciable costs of assets are not fully offset by the water rates. Sewer Fund – Similar to the Water Fund, the depreciable cost of assets are not fully offset by the sewer rates and, therefore, net assets of the Sewer Fund decreased $730,561 in 2009. The sewer rates were increased 5 percent in 2009 resulting in an increase in revenues. Liquor Fund – The City’s liquor operations ended the year with an increase in net assets from operations. The City’s Liquor Fund had operating net income of $373,712 and transferred $150,000 to other funds to reduce property taxes. Cemetery Fund – Net assets of the Cemetery Fund decreased $6,245 in 2009. The Cemetery Fund sets its charges and fees at a level to breakeven or increase slightly. -10- Fiber Optics Fund – In 2007, the City started its Fiber Optics Project, which will run a fiber optics system to every premises in the City to provide customers with phone, high-speed Internet, and cable television services as a self-supporting system with competitive pricing which will act as an economic development tool for the City. The project was still in the startup and construction phase as of December 31, 2009, with construction in progress in the amount of $7,267,881 and bonds payable of $26,445,000. GENERAL FUND BUDGETARY HIGHLIGHTS General Fund revenues for 2009 were under budget by $32,522 in total. Licenses and permits collected were $325,103 below budget due to the slow housing market and the poor economy related to new development. In addition, investment earnings were $67,445 below budget due to lower interest rates and lower cash balances in 2009. These decreases were offset by insurance claims from storm damage, collection of prior year development fees and grants for improvements from the state of Minnesota, which were not budgeted but collected in 2009. General Fund expenditures for 2009 were $903,084 more than budgeted. The main reason expenditures exceeded budget was because of two capital purchases. The first was the purchase of the new fire truck, which had funds budgeted and funds reserved (fund balance designated) over the last several years. However, the entire cost of this purchase was expensed in 2009. The second capital purchase was the purchase of an office building across from the city hall/community center facilities, which was not budgeted in 2009. The office building will be leased to existing tenants and the City’s fiber optics system for a store front/office facility to sell services to potential customers. CAPITAL ASSETS AND DEBT ADMINISTRATION Capital Assets – The City’s investment in capital assets for its governmental and business-type activities amounts to $111,309,193 as of December 31, 2009, net of accumulated depreciation. This investment in capital assets includes fire and public works equipment, park and recreation facilities, buildings, roads, sewer, water, and storm sewer utilities. This amount represents a net increase (including additions and deductions) of $3,742,472 over last year. City of Monticello’s Capital Assets 200920082009200820092008 Land8,457,484$ 8,457,484$ 1,751,945$ 1,751,945$ 10,209,429$ 10,209,429$ Construction in progress30,666,145 33,451,897 8,545,482 2,986,104 39,211,627 36,438,001 Buildings 13,709,653 13,102,213 5,267,371 5,156,471 18,977,024 18,258,684 Improvements other than buildings4,472,313 4,331,791 19,733,928 19,720,949 24,206,241 24,052,740 Machinery, equipment, and vehicles4,390,832 3,617,456 1,619,549 1,524,866 6,010,381 5,142,322 Infrastructure39,890,096 36,783,454 28,847,331 28,847,331 68,737,427 65,630,785 Less accumulated depreciation(27,398,122) (25,075,318) (28,644,814) (27,089,922) (56,042,936) (52,165,240) Net total74,188,401$ 74,668,977$ 37,120,792$ 32,897,744$ 111,309,193$107,566,721$ Governmental ActivitiesBusiness-Type ActivitiesTotal Additional information on the City’s capital assets is located in Note 3 of the notes to basic financial statements. -11- Long-Term Debt – At the end of 2009, the City has total bonded debt outstanding in the amount of $67,665,000, of which $21,535,000 are special assessment bonds outstanding. The City has pledged revenue streams from general property taxes; redevelopment district tax increments; the community center; water and sewer utility; and sewer, water, and storm sewer access funds for the principal and interest payments due on these bonds. City of Monticello’s Outstanding Debt 200920082009200820092008 General obligation bonds12,822,903$ 15,737,903$ 837,097$ 907,097$ 13,660,000$ 16,645,000$ Tax increment bonds470,000 575,000 – – 470,000 575,000 Special assessment bonds21,535,000 24,075,000 – – 21,535,000 24,075,000 Revenue bonds5,555,000 6,180,000 26,445,000 26,445,000 32,000,000 32,625,000 Contract for deed– 564,293 – – – 564,293 Total40,382,903$ 47,132,196$ 27,282,097$ 27,352,097$ 67,665,000$ 74,484,293$ Total Governmental Activities Business-Type Activities The City’s total debt decreased by $6,819,293, or approximately 9 percent during 2009. State statutes limit the amount of general obligation debt a governmental entity may issue to 3 percent of its taxable market value. The current debt limit is $38,074,842, which is significantly in excess of the City’s outstanding net general obligation debt of $13,660,000, which is subject to the limitation. Additional information on the City’s debt is located in Note 4 of the notes to basic financial statements. ECONOMIC FACTORS AND NEXT YEAR’S BUDGET The City considered many factors when setting the fiscal year 2010 budget, rates, and fees that will be charged in the business-type activities. The City Council decided to decrease the previous year’s tax levy by $101,728, delay some capital purchases, and maintain employee wages and benefits at 2009 levels. This will allow the City to maintain service levels. Budgeted revenues for permits and charges for services were reduced to reflect less new development activity taking place in 2010. Budgeted sewer and water user fees were increased by 5 percent to be used to fund operational costs for their departments. Finally, the City will not use reserve funds from the debt service funds and from enterprise funds to balance the budget. The City’s property tax levy for 2010 will amount to $7,648,272, which is $101,728 less than 2009. REQUESTS FOR INFORMATION The City’s financial statements are designed to provide our citizens, customers, and creditors with a general overview of the City’s finances and to show the City’s accountability for the money it receives. If you have questions about this report or need additional financial information, contact the City of Monticello, Finance Department at 505 Walnut Street, Suite No. 1, Monticello, Minnesota 55362. Ec o n o m i c Co m m u n i t y C a p i t a l O u t l a y D e v e l o p m e n t S a n i t a r y Ge n e r a l C e n t e r R e v o l v i n g A u t h o r i t y S e w e r A c c e s s D e b t S e r v i c e C a p i t a l P r o j e c t s N o n m a j o r F u n d s T o t a l s As s e t s Ca s h a n d i n v e s t m e n t s 5 , 4 6 6 , 2 1 2 $ 1 , 0 1 2 , 3 6 2 $ 7 3 2 , 6 4 2 $ 3 , 8 5 2 , 3 7 3 $ 4 , 9 7 1 , 9 7 7 $ 2 , 2 4 0 , 7 1 5 $ – $ 7 , 9 3 7 , 7 1 0 $ 26,213,991$ Re c e i v a b l e s De l i n q u e n t t a x e s 2 4 1 , 4 1 2 5 9 , 8 4 1 – 5 1 , 1 0 7 – 2 6 , 8 8 0 – 1 8 , 5 5 8 397,798 De f e r r e d s p e c i a l a s s e s s m e n t s – – – – – 1 2 , 4 4 6 , 3 3 4 – – 12,446,334 De l i n q u e n t s p e c i a l a s s e s s m e n t s 6 7 8 – – – – 8 5 4 , 1 4 1 – – 854,819 Ac c o u n t s 9 2 , 1 8 8 2 , 2 7 2 – 5 , 0 0 0 – – 7 , 0 7 5 1 0 7 , 4 7 3 214,008 Ac c r u e d i n t e r e s t 5 3 , 4 4 1 8 , 3 7 5 5 , 2 0 0 2 5 , 8 1 3 3 6 , 5 2 6 9 4 , 3 1 7 ( 1 5 , 3 1 5 ) 5 1 , 8 0 6 260,163 Du e f r o m o t h e r f u n d s 1 , 1 7 5 , 0 4 4 – – – – 1 , 2 9 2 , 4 3 7 – 6 5 1 , 6 6 6 3,119,147 Du e f r o m o t h e r g o v e r n m e n t a l u n i t s 2 1 , 9 8 7 4 , 3 3 3 – 1 , 4 4 3 – 1 , 8 1 0 – 1 , 3 9 0 30,963 No t e s r e c e i v a b l e 2 3 0 , 3 0 4 – – 6 7 1 , 7 9 1 – 1 , 4 0 0 , 0 0 0 – 1 1 5 , 5 8 0 2,417,675 La n d h e l d f o r r e s a l e – – 3 , 1 4 9 , 4 2 6 2 , 8 4 4 , 8 8 6 – – – – 5,994,312 Pr e p a i d i t e m s 1 6 2 , 2 3 7 1 6 , 7 9 1 – – – – – 1 , 7 3 7 180,765 To t a l a s s e t s 7 , 4 4 3 , 5 0 3 $ 1 , 1 0 3 , 9 7 4 $ 3 , 8 8 7 , 2 6 8 $ 7 , 4 5 2 , 4 1 3 $ 5 , 0 0 8 , 5 0 3 $ 1 8 , 3 5 6 , 6 3 4 $ ( 8 , 2 4 0 ) $ 8 , 8 8 5 , 9 2 0 $ 52,129,975$ Li a b i l i t i e s a n d F u n d B a l a n c e s Li a b i l i t i e s Ac c o u n t s a n d c o n t r a c t s p a y a b l e 2 6 4 , 7 5 1 $ 4 5 , 7 6 0 $ 3 2 , 3 6 9 $ 1 0 0 $ 2 1 , 1 5 0 $ 4 , 0 0 0 $ 1 8 8 , 8 6 4 $ 2 8 , 3 7 9 $ 585,373$ Ot h e r a c c r u e d l i a b i l i t i e s 8 2 , 1 9 6 2 5 , 6 9 0 – – – – – 6 , 9 4 8 114,834 Du e t o o t h e r f u n d s 1 6 , 8 1 6 – – – – – 1 , 9 2 7 , 2 8 7 – 1,944,103 Du e t o o t h e r g o v e r n m e n t a l u n i t s 8 , 2 4 4 5 , 2 3 2 – – – – – 7 6 9 , 1 4 8 782,624 De f e r r e d r e v e n u e 2 4 2 , 0 9 0 6 5 , 4 3 1 – 5 1 , 1 0 7 – 1 4 , 7 5 7 , 4 0 6 – 1 3 9 , 2 2 8 15,255,262 Es c r o w d e p o s i t s 1 , 7 3 1 , 7 7 3 3 , 1 1 0 – 7 , 5 0 0 – – – – 1,742,383 To t a l l i a b i l i t i e s 2 , 3 4 5 , 8 7 0 1 4 5 , 2 2 3 3 2 , 3 6 9 5 8 , 7 0 7 2 1 , 1 5 0 1 4 , 7 6 1 , 4 0 6 2 , 1 1 6 , 1 5 1 9 4 3 , 7 0 3 20,424,579 Fu n d b a l a n c e s Re s e r v e d No t e s r e c e i v a b l e 2 3 0 , 3 0 4 – – 6 7 1 , 7 9 1 – – – – 902,095 La n d h e l d f o r r e s a l e – – 3 , 1 4 9 , 4 2 6 2 , 8 4 4 , 8 8 6 – – – – 5,994,312 Pr e p a i d i t e m s 16 2 , 2 3 7 1 6 , 7 9 1 – – – – – 1 , 7 3 7 180,765 De b t r e t i r e m e n t – – – – – 3 , 5 9 5 , 2 2 8 – – 3,595,228 Ec o n o m i c d e v e l o p m e n t – – – – – – – 4 6 7 467 Un r e s e r v e d – d e s i g n a t e d 3 , 4 3 5 , 4 0 0 4 9 , 0 0 0 1 6 4 , 9 8 8 – – – – 1 , 3 3 0 , 5 6 5 4,979,953 Un r e s e r v e d – u n d e s i g n a t e d r e p o r t e d i n Ge n e r a l F u n d 1 , 2 6 9 , 6 9 2 – – – – – – – 1,269,692 Sp e c i a l r e v e n u e f u n d s – 8 9 2 , 9 6 0 5 4 0 , 4 8 5 3 , 8 7 7 , 0 2 9 4 , 9 8 7 , 3 5 3 – – 6 , 6 0 9 , 4 4 8 16,907,275 Ca p i t a l P r o j e c t s F u n d – – – – – – ( 2 , 1 2 4 , 3 9 1 ) – (2,124,391) To t a l f u n d b a l a n c e s 5 , 0 9 7 , 6 3 3 9 5 8 , 7 5 1 3 , 8 5 4 , 8 9 9 7 , 3 9 3 , 7 0 6 4 , 9 8 7 , 3 5 3 3 , 5 9 5 , 2 2 8 ( 2 , 1 2 4 , 3 9 1 ) 7 , 9 4 2 , 2 1 7 31,705,396 To t a l l i a b i l i t i e s a n d f u n d b a l a n c e s 7, 4 4 3 , 5 0 3 $ 1 , 1 0 3 , 9 7 4 $ 3 , 8 8 7 , 2 6 8 $ 7 , 4 5 2 , 4 1 3 $ 5 , 0 0 8 , 5 0 3 $ 1 8 , 3 5 6 , 6 3 4 $ ( 8 , 2 4 0 ) $ 8 , 8 8 5 , 9 2 0 $ 52,129,975$ Se e n o t e s t o b a s i c f i n a n c i a l s t a t e m e n t s CI T Y O F M O N T I C E L L O Sp e c i a l R e v e n u e F u n d s as o f D e c e m b e r 3 1 , 2 0 0 9 Go v e r n m e n t a l F u n d s Ba l a n c e S h e e t Pa g e s 1 4 a n d 1 5 Ec o n o m i c Co m m u n i t y C a p i t a l O u t l a y D e v e l o p m e n t S a n i t a r y Ge n e r a l C e n t e r R e v o l v i n g A u t h o r i t y S e w e r A c c e s s D e b t S e r v i c e C a p i t a l P r o j e c t s N o n m a j o r F u n d s T o t a l s Re v e n u e Pr o p e r t y t a x e s 5 , 1 0 6 , 6 8 2 $ 1 , 2 6 0 , 9 4 1 $ – $ – $ – $ 7 8 0 , 1 7 8 $ – $ 3 5 5 , 0 4 3 $ 7,502,844$ Ta x i n c r e m e n t s – – – 1 , 1 9 3 , 0 2 1 – – – – 1,193,021 Sp e c i a l a s s e s s m e n t s 7 , 7 6 4 – – – – 2 , 4 5 4 , 9 0 9 – – 2,462,673 Fr a n c h i s e t a x e s – – 4 8 , 5 1 7 – – – – – 48,517 Li c e n s e s a n d p e r m i t s 2 6 6 , 7 9 7 – – – – – – – 266,797 In t e r g o v e r n m e n t a l 5 5 3 , 0 9 3 6 3 , 7 0 8 – 1 4 , 2 1 9 – 4 1 , 0 5 4 2 0 , 1 2 5 9 9 6 , 6 9 6 1,688,895 Ch a r g e s f o r s e r v i c e s 7 0 6 , 7 6 5 1 , 1 1 9 , 1 6 4 – – 8 0 , 7 2 0 – – 6 1 1 , 8 9 9 2,518,548 Fi n e s 1 , 2 2 0 – – – – – – – 1,220 In v e s t m e n t e a r n i n g s ( c h a r g e s ) 1 9 0 , 5 0 7 3 3 , 3 0 1 ( 3 , 6 8 7 ) 1 4 2 , 7 0 8 1 1 1 , 3 0 2 1 6 4 , 7 5 8 ( 6 2 , 0 1 1 ) 1 9 3 , 3 0 0 770,178 Mi s c e l l a n e o u s 1 7 3 , 1 3 7 8 , 1 8 6 – 5 6 , 0 8 5 – – – 1 9 7 , 7 7 8 435,186 To t a l r e v e n u e 7 , 0 0 5 , 9 6 5 2 , 4 8 5 , 3 0 0 4 4 , 8 3 0 1 , 4 0 6 , 0 3 3 1 9 2 , 0 2 2 3 , 4 4 0 , 8 9 9 ( 4 1 , 8 8 6 ) 2 , 3 5 4 , 7 1 6 16,887,879 Ex p e n d i t u r e s Cu r r e n t Ge n e r a l g o v e r n m e n t 1 , 6 3 4 , 3 9 5 – – – – – – – 1,634,395 Pu b l i c s a f e t y 1 , 7 5 0 , 1 0 4 – – – – – – 9 8 8 , 6 6 4 2,738,768 Pu b l i c w o r k s 1 , 7 8 3 , 1 6 4 – 5 , 8 8 8 – 3 1 3 – – 2 8 5 , 4 4 6 2,074,811 Sa n i t a t i o n 5 4 7 , 1 6 0 – – – – – – – 547,160 Cu l t u r e a n d r e c r e a t i o n 7 4 6 , 0 9 2 1 , 5 6 7 , 4 4 9 – – – – – 4 2 , 1 2 8 2,355,669 Ec o n o m i c d e v e l o p m e n t 7 8 , 5 7 3 – – 5 7 6 , 1 9 2 – – – 1 8 8 , 0 5 4 842,819 Ca p i t a l o u t l a y Ge n e r a l g o v e r n m e n t 7 8 2 , 7 5 3 – – – – – – – 782,753 Pu b l i c s a f e t y 5 2 7 , 3 7 0 – – – – – – – 527,370 Pu b l i c w o r k s 1 8 3 , 2 0 3 – 1 0 3 , 5 8 2 – – – 3 1 2 , 4 8 1 2 , 0 3 5 601,301 Cu l t u r e a n d r e c r e a t i o n 2 7 , 8 7 1 5 , 8 1 5 – – – – – – 33,686 Ec o n o m i c d e v e l o p m e n t – – – – – – – 1 , 0 4 3 1,043 De b t s e r v i c e Pr i n c i p a l – – – 5 6 4 , 2 9 3 – 6 , 1 8 5 , 0 0 0 – – 6,749,293 In t e r e s t a n d f i s c a l c h a r g e s – – – 3 8 , 6 1 4 – 1 , 7 6 2 , 7 7 8 – – 1,801,392 To t a l e x p e n d i t u r e s 8 , 0 6 0 , 6 8 5 1 , 5 7 3 , 2 6 4 1 0 9 , 4 7 0 1 , 1 7 9 , 0 9 9 3 1 3 7 , 9 4 7 , 7 7 8 3 1 2 , 4 8 1 1 , 5 0 7 , 3 7 0 20,690,460 Ex c e s s ( d e f i c i e n c y ) o f r e v e n u e s o v e r e x p e n d i t u r e s ( 1 , 0 5 4 , 7 2 0 ) 9 1 2 , 0 3 6 ( 6 4 , 6 4 0 ) 2 2 6 , 9 3 4 1 9 1 , 7 0 9 ( 4 , 5 0 6 , 8 7 9 ) ( 3 5 4 , 3 6 7 ) 8 4 7 , 3 4 6 (3,802,581) Ot h e r f i n a n c i n g s o u r c e s ( u s e s ) Tr a n s f e r i n 4 6 9 , 1 1 4 – 7 7 3 , 3 8 8 2 , 3 0 2 , 8 3 2 9 8 3 , 6 4 6 3 , 1 4 0 , 8 2 6 6 9 , 4 6 3 2 , 4 3 3 , 6 0 9 10,172,878 Tr a n s f e r ( o u t ) ( 4 9 5 , 3 1 3 ) ( 7 0 0 , 0 0 0 ) ( 2 , 1 2 9 , 3 0 5 ) ( 3 6 3 , 7 1 2 ) ( 1 , 2 1 3 , 0 3 0 ) ( 4 , 4 1 1 , 1 9 3 ) ( 9 ) ( 6 0 9 , 1 8 3 ) (9,921,745) Pr o c e e d s f r o m s a l e o f a s s e t s – – – 6 2 , 4 9 6 – – – – 62,496 To t a l o t h e r f i n a n c i n g s o u r c e s ( u s e s ) ( 2 6 , 1 9 9 ) ( 7 0 0 , 0 0 0 ) ( 1 , 3 5 5 , 9 1 7 ) 2 , 0 0 1 , 6 1 6 ( 2 2 9 , 3 8 4 ) ( 1 , 2 7 0 , 3 6 7 ) 6 9 , 4 5 4 1 , 8 2 4 , 4 2 6 313,629 Ne t c h a n g e i n f u n d b a l a n c e s ( 1 , 0 8 0 , 9 1 9 ) 2 1 2 , 0 3 6 ( 1 , 4 2 0 , 5 5 7 ) 2 , 2 2 8 , 5 5 0 ( 3 7 , 6 7 5 ) ( 5 , 7 7 7 , 2 4 6 ) ( 2 8 4 , 9 1 3 ) 2 , 6 7 1 , 7 7 2 (3,488,952) Fu n d b a l a n c e s ( d e f i c i t ) Be g i n n i n g o f y e a r 6 , 1 7 8 , 5 5 2 7 4 6 , 7 1 5 5 , 2 7 5 , 4 5 6 5 , 1 6 5 , 1 5 6 5 , 0 2 5 , 0 2 8 9 , 3 7 2 , 4 7 4 ( 1 , 8 3 9 , 4 7 8 ) 5 , 2 7 0 , 4 4 5 35,194,348 En d o f y e a r 5 , 0 9 7 , 6 3 3 $ 9 5 8 , 7 5 1 $ 3 , 8 5 4 , 8 9 9 $ 7 , 3 9 3 , 7 0 6 $ 4 , 9 8 7 , 3 5 3 $ 3 , 5 9 5 , 2 2 8 $ ( 2 , 1 2 4 , 3 9 1 ) $ 7 , 9 4 2 , 2 1 7 $ 31,705,396$ Se e n o t e s t o b a s i c f i n a n c i a l s t a t e m e n t s Sp e c i a l R e v e n u e F u n d s Ye a r E n d e d D e c e m b e r 3 1 , 2 0 0 9 Go v e r n m e n t a l F u n d s St a t e m e n t o f R e v e n u e , E x p e n d i t u r e s , a n d C h a n g e s i n F u n d B a l a n c e s CI T Y O F M O N T I C E L L O Pa g e s 1 7 a n d 1 8 Pa r k Street Or d e r l y S t o r m S e w e r M i n n e s o t a P a t h w a y C i t y S t r e e t D e p u t y G r a n t C D B G – B e r t r a m L i g h t i n g Sh a d e T r e e A n n e x a t i o n L i b r a r y W a t e r A c c e s s A c c e s s I n v e s t m e n t D e d i c a t i o n R e c o n s t r u c t i o n R e g i s t r a r F u n d i n g R e v i t a l i z a t i o n C h a i n o f L a k e s I m p r ovementTotals As s e t s Ca s h a n d i n v e s t m e n t s 6 8 , 7 6 0 $ 7 , 2 1 2 $ 5 , 8 7 1 $ 8 1 5 , 0 6 8 $ 2 , 2 9 0 , 7 2 1 $ 9 1 1 , 1 1 8 $ 1 , 0 6 5 , 7 5 9 $ 1 , 9 9 0 , 1 7 3 $ 2 2 2 , 7 5 4 $ 2 8 , 8 8 6 $ 5 , 4 5 9 $ 4 5 $ 525,884$ 7,937,710$ Re c e i v a b l e s De l i n q u e n t t a x e s 1 , 5 9 8 – 1 , 6 3 8 – – – – 1 5 , 3 2 2 – – – – – 18,558 Ac c o u n t s 4 3 3 – – – – – – – 2 6 , 5 5 3 5 , 4 3 0 – – 75,057 107,473 Ac c r u e d i n t e r e s t 4 3 8 7 0 – 5 , 2 8 8 1 3 , 6 8 2 7 , 8 7 8 5 , 0 8 7 1 4 , 9 8 5 1 , 1 4 3 – 9 8 – 3,137 51,806 Du e f r o m o t h e r f u n d s – – – – – – – 6 3 4 , 8 5 0 – 1 6 , 8 1 6 – – – 651,666 Du e f r o m o t h e r g o v e r n m e n t a l u n i t s 1 1 7 5 1 0 0 – – – – 1 , 1 6 8 – – – – – 1,390 No t e s r e c e i v a b l e – – – – – – – – – – 1 1 5 , 5 8 0 – – 115,580 Pr e p a i d i t e m s 7 2 – 1 4 0 – – – – – 1 , 5 2 5 – – – – 1,737 To t a l a s s e t s 71 , 4 1 8 $ 7 , 2 8 7 $ 7 , 7 4 9 $ 8 2 0 , 3 5 6 $ 2 , 3 0 4 , 4 0 3 $ 9 1 8 , 9 9 6 $ 1 , 0 7 0 , 8 4 6 $ 2 , 6 5 6 , 4 9 8 $ 2 5 1 , 9 7 5 $ 5 1 , 1 3 2 $ 1 2 1 , 1 3 7 $ 4 5 $ 604,078$ 8,885,920$ Li a b i l i t i e s a n d F u n d B a l a n c e s Li a b i l i t i e s Ac c o u n t s a n d c o n t r a c t s p a y a b l e – $ – $ 2 , 2 1 8 $ – $ 1 3 , 3 2 2 $ – $ – $ – $ 1 , 6 5 0 $ 1 1 , 1 8 9 $ – $ – $ –$ 28,379$ Ot h e r a c c r u e d l i a b i l i t i e s 1 9 2 – 2 5 8 – – – – – 6 , 4 9 8 – – – – 6,948 Du e t o o t h e r g o v e r n m e n t a l u n i t s 2 2 – 2 6 – – – 6 5 0 , 0 0 0 – 7 9 , 1 5 7 3 9 , 9 4 3 – – – 769,148 De f e r r e d r e v e n u e 1 , 5 9 8 – 1 , 6 3 8 – – – – 1 5 , 3 2 2 – – 1 2 0 , 6 7 0 – – 139,228 To t a l l i a b i l i t i e s 1 , 8 1 2 – 4 , 1 4 0 – 1 3 , 3 2 2 – 6 5 0 , 0 0 0 1 5 , 3 2 2 8 7 , 3 0 5 5 1 , 1 3 2 1 2 0 , 6 7 0 – – 943,703 Fu n d b a l a n c e s Re s e r v e d f o r p r e p a i d i t e m s 7 2 – 1 4 0 – – – – – 1 , 5 2 5 – – – – 1,737 Re s e r v e d f o r e c o n o m i c d e v e l o p m e n t – – – – – – – – – – 4 6 7 – – 467 Un r e s e r v e d – d e s i g n a t e d – – – – – – – 1 , 3 3 0 , 5 2 0 – – – 4 5 – 1,330,565 Un r e s e r v e d – u n d e s i g n a t e d 6 9 , 5 3 4 7 , 2 8 7 3 , 4 6 9 8 2 0 , 3 5 6 2 , 2 9 1 , 0 8 1 9 1 8 , 9 9 6 4 2 0 , 8 4 6 1 , 3 1 0 , 6 5 6 1 6 3 , 1 4 5 – – – 604,078 6,609,448 To t a l f u n d b a l a n c e s 6 9 , 6 0 6 7 , 2 8 7 3 , 6 0 9 8 2 0 , 3 5 6 2 , 2 9 1 , 0 8 1 9 1 8 , 9 9 6 4 2 0 , 8 4 6 2 , 6 4 1 , 1 7 6 1 6 4 , 6 7 0 – 4 6 7 4 5 604,078 7,942,217 To t a l l i a b i l i t i e s a n d f u n d b a l a n c e 7 1 , 4 1 8 $ 7 , 2 8 7 $ 7 , 7 4 9 $ 8 2 0 , 3 5 6 $ 2 , 3 0 4 , 4 0 3 $ 9 1 8 , 9 9 6 $ 1 , 0 7 0 , 8 4 6 $ 2 , 6 5 6 , 4 9 8 $ 2 5 1 , 9 7 5 $ 5 1 , 1 3 2 $ 1 2 1 , 1 3 7 $ 4 5 $ 604,078$ 8,885,920$ Sp e c i a l R e v e n u e F u n d s as o f D e c e m b e r 3 1 , 2 0 0 9 Co m b i n i n g B a l a n c e S h e e t No n m a j o r G o v e r n m e n t a l F u n d s CI T Y O F M O N T I C E L L O Pa g e s 5 7 a n d 5 8 Pa r k Street Or d e r l y S t o r m S e w e r M i n n e s o t a P a t h w a y C i t y S t r e e t D e p u t y G r a n t C D B G – B e r t r a m L i g h t i n g Sh a d e T r e e A n n e x a t i o n L i b r a r y W a t e r A c c e s s A c c e s s I n v e s t m e n t D e d i c a t i o n R e c o n s t r u c t i o n R e g i s t r a r F u n d i n g R e v i t a l i z a t i o n C h a i n o f L a k e s I m p r ovementTotals Re v e n u e Pr o p e r t y t a x e s 3 5 , 8 2 1 $ 1 0 2 $ 3 5 , 4 0 8 $ – $ – $ – $ – $ 2 8 3 , 7 1 2 $ – $ – $ – $ – $ –$ 355,043$ In t e r g o v e r n m e n t a l 1 , 8 3 3 – 1 , 7 8 5 – – – – 1 4 , 0 9 3 – 7 9 0 , 9 3 1 1 8 8 , 0 5 4 – – 996,696 Ch a r g e s f o r s e r v i c e s 2 , 6 5 3 – 4 0 1 9 , 7 8 5 3 , 3 4 2 – – – 2 9 9 , 2 1 1 – – – 286,868 611,899 Ot h e r In v e s t m e n t e a r n i n g s ( c h a r g e s ) 1 , 6 2 7 2 8 5 ( 2 3 1 ) 2 1 , 7 3 4 4 7 , 1 5 6 2 8 , 4 7 2 1 3 , 9 5 3 6 0 , 0 7 0 4 , 6 4 7 – 4 6 7 – 15,120 193,300 Mi s c e l l a n e o u s – – – – – – – – – 1 9 7 , 7 3 3 – 4 5 – 197,778 To t a l r e v e n u e 4 1 , 9 3 4 3 8 7 3 7 , 0 0 2 4 1 , 5 1 9 5 0 , 4 9 8 2 8 , 4 7 2 1 3 , 9 5 3 3 5 7 , 8 7 5 3 0 3 , 8 5 8 9 8 8 , 6 6 4 1 8 8 , 5 2 1 4 5 301,988 2,354,716 Ex p e n d i t u r e s Cu r r e n t Pu b l i c s a f e t y – – – – – – – – – 9 8 8 , 6 6 4 – – – 988,664 Pu b l i c w o r k s 2 2 , 9 8 3 – – – – – – – 2 6 2 , 4 6 3 – – – – 285,446 Cu l t u r e a n d r e c r e a t i o n – – 4 2 , 1 2 8 – – – – – – – – – – 42,128 Ec o n o m i c d e v e l o p m e n t – – – – – – – – – – 1 8 8 , 0 5 4 – – 188,054 Ca p i t a l o u t l a y Pu b l i c w o r k s – – – 2 6 5 1 , 7 7 0 – – – – – – – – 2,035 Ec o n o m i c d e v e l o p m e n t – 1 , 0 4 3 – – – – – – – – – – – 1,043 To t a l e x p e n d i t u r e s 2 2 , 9 8 3 1 , 0 4 3 4 2 , 1 2 8 2 6 5 1 , 7 7 0 – – – 2 6 2 , 4 6 3 9 8 8 , 6 6 4 1 8 8 , 0 5 4 – – 1,507,370 Ex c e s s ( d e f i c i e n c y ) o f r e v e n u e o v e r e x p e n d i t u r e s 1 8 , 9 5 1 ( 6 5 6 ) ( 5 , 1 2 6 ) 4 1 , 2 5 4 4 8 , 7 2 8 2 8 , 4 7 2 1 3 , 9 5 3 3 5 7 , 8 7 5 4 1 , 3 9 5 – 4 6 7 4 5 301,988 847,346 Ot h e r f i n a n c i n g s o u r c e s ( u s e s ) Tr a n s f e r s i n – – – 2 5 4 , 5 9 6 7 8 7 , 2 6 2 – 4 9 6 , 6 2 7 8 6 2 , 8 0 7 2 , 3 1 7 – – – 30,000 2,433,609 Tr a n s f e r s ( o u t ) – – – ( 3 1 1 , 2 4 6 ) ( 2 6 7 , 5 9 1 ) – – ( 3 0 , 3 4 6 ) – – – – – (609,183) To t a l o t h e r f i n a n c i n g s o u r c e s ( u s e s ) – – – ( 5 6 , 6 5 0 ) 5 1 9 , 6 7 1 – 4 9 6 , 6 2 7 8 3 2 , 4 6 1 2 , 3 1 7 – – – 30,000 1,824,426 Ch a n g e i n f u n d b a l a n c e s 1 8 , 9 5 1 ( 6 5 6 ) ( 5 , 1 2 6 ) ( 1 5 , 3 9 6 ) 5 6 8 , 3 9 9 2 8 , 4 7 2 5 1 0 , 5 8 0 1 , 1 9 0 , 3 3 6 4 3 , 7 1 2 – 4 6 7 4 5 331,988 2,671,772 Fu n d b a l a n c e s ( d e f i c i t ) Be g i n n i n g o f y e a r 5 0 , 6 5 5 7 , 9 4 3 8 , 7 3 5 8 3 5 , 7 5 2 1 , 7 2 2 , 6 8 2 8 9 0 , 5 2 4 ( 8 9 , 7 3 4 ) 1 , 4 5 0 , 8 4 0 1 2 0 , 9 5 8 – – – 272,090 5,270,445 En d o f y e a r 69 , 6 0 6 $ 7 , 2 8 7 $ 3 , 6 0 9 $ 8 2 0 , 3 5 6 $ 2 , 2 9 1 , 0 8 1 $ 9 1 8 , 9 9 6 $ 4 2 0 , 8 4 6 $ 2 , 6 4 1 , 1 7 6 $ 1 6 4 , 6 7 0 $ – $ 4 6 7 $ 4 5 $ 604,078$ 7,942,217$ Sp e c i a l R e v e n u e F u n d s Ye a r E n d e d D e c e m b e r 3 1 , 2 0 0 9 Co m b i n i n g S t a t e m e n t o f R e v e n u e , E x p e n d i t u r e s , a n d C h a n g e s i n F u n d B a l a n c e s No n m a j o r G o v e r n m e n t a l F u n d s CI T Y O F M O N T I C E L L O Pa g e s 5 9 a n d 6 0 STATISTICAL SECTION (UNAUDITED) 20 0 4 2 0 0 5 2 0 0 6 2 0 0 7 2 0 0 8 2 0 0 9 Go v e r n m e n t a l a c t i v i t i e s In v e s t e d i n c a p i t a l a s s e t s , n e t o f r e l a t e d d e b t 8, 9 7 2 , 4 9 7 $ 7 , 0 0 9 , 6 2 2 $ 7 , 0 0 9 , 6 2 2 $ 1 2 , 4 7 6 , 5 3 6 $ 2 7 , 5 8 4 , 7 6 3 $ 3 3 , 7 1 2 , 3 7 0 $ Re s t r i c t e d – – – 3 1 , 5 1 7 , 7 9 2 2 2 , 0 7 4 , 4 2 7 1 7 , 6 8 8 , 1 9 3 Un r e s t r i c t e d 3 6 , 4 1 3 , 2 8 6 4 5 , 1 3 6 , 4 6 0 5 6 , 9 4 9 , 7 4 9 2 4 , 5 4 3 , 5 0 1 2 8 , 4 4 5 , 2 3 0 2 8 , 1 8 3 , 1 6 1 To t a l g o v e r n m e n t a l a c t i v i t i e s n e t a s s e t s 45 , 3 8 5 , 7 8 3 $ 5 2 , 1 4 6 , 0 8 2 $ 6 3 , 9 5 9 , 3 7 1 $ 6 8 , 5 3 7 , 8 2 9 $ 7 8 , 1 0 4 , 4 2 0 $ 7 9 , 5 8 3 , 7 2 4 $ Bu s i n e s s - t y p e a c t i v i t i e s In v e s t e d i n c a p i t a l a s s e t s , n e t o f r e l a t e d d e b t 32 , 3 5 5 , 0 8 6 $ 3 5 , 0 7 7 , 3 9 1 $ 3 5 , 7 4 9 , 3 8 0 $ 3 3 , 9 7 1 , 1 5 1 $ 3 1 , 3 7 5 , 8 9 0 $ 2 9 , 9 1 0 , 6 9 6 $ Re s t r i c t e d – – – – 1 9 , 3 5 0 1 9 , 3 5 0 Un r e s t r i c t e d 4 , 2 5 6 , 8 4 6 4 , 7 4 0 , 4 9 1 5 , 4 3 7 , 8 6 7 6 , 4 4 1 , 4 7 0 4 , 5 2 9 , 8 3 0 2 , 8 4 6 , 0 1 8 To t a l b u s i n e s s - t y p e a c t i v i t i e s n e t a s s e t s 36 , 6 1 1 , 9 3 2 $ 3 9 , 8 1 7 , 8 8 2 $ 4 1 , 1 8 7 , 2 4 7 $ 4 0 , 4 1 2 , 6 2 1 $ 3 5 , 9 2 5 , 0 7 0 $ 3 2 , 7 7 6 , 0 6 4 $ Pr i m a r y g o v e r n m e n t In v e s t e d i n c a p i t a l a s s e t s , n e t o f r e l a t e d d e b t 41 , 3 2 7 , 5 8 3 $ 4 2 , 0 8 7 , 0 1 3 $ 4 2 , 7 5 9 , 0 0 2 $ 4 6 , 4 4 7 , 6 8 7 $ 5 8 , 9 6 0 , 6 5 3 $ 6 3 , 6 2 3 , 0 6 6 $ Re s t r i c t e d – – – 3 1 , 5 1 7 , 7 9 2 2 2 , 0 9 3 , 7 7 7 1 7 , 7 0 7 , 5 4 3 Un r e s t r i c t e d 4 0 , 6 7 0 , 1 3 2 4 9 , 8 7 6 , 9 5 1 6 2 , 3 8 7 , 6 1 6 3 0 , 9 8 4 , 9 7 1 3 2 , 9 7 5 , 0 6 0 3 1 , 0 2 9 , 1 7 9 To t a l p r i m a r y g o v e r n m e n t n e t a s s e t s 81 , 9 9 7 , 7 1 5 $ 9 1 , 9 6 3 , 9 6 4 $ 1 0 5 , 1 4 6 , 6 1 8 $ 1 0 8 , 9 5 0 , 4 5 0 $ 1 1 4 , 0 2 9 , 4 9 0 $ 1 1 2 , 3 5 9 , 7 8 8 $ No t e : CI T Y O F M O N T I C E L L O Th e C i t y i m p l e m e n t e d G A S B S t a t e m e n t N o . 3 4 i n f i s c a l 2 0 0 4 . T h i s i n f o r m a t i o n i s n o t a v a i l a b l e f o r p r e v i o u s y e a r s . Fi s c a l Y e a r (A c c r u a l B a s i s o f A c c o u n t i n g ) La s t S i x F i s c a l Y e a r s Ne t A s s e t s b y C o m p o n e n t Pa g e s 6 2 a n d 6 3 20 0 4 2 0 0 5 2 0 0 6 2 0 0 7 2 0 0 8 2 0 0 9 Ex p e n s e s Go v e r n m e n t a l a c t i v i t i e s Ge n e r a l g o v e r n m e n t 1 , 5 2 8 , 2 8 1 $ 1 , 9 0 7 , 3 5 2 $ 3 , 6 3 9 , 4 9 7 $ 1 , 8 4 4 , 3 2 0 $ 1 , 5 7 2 , 3 8 9 $ 1,780,972$ Pu b l i c s a f e t y 1 , 6 4 9 , 0 9 0 1 , 5 5 1 , 0 9 8 2 , 8 5 6 , 5 7 3 1 , 6 9 3 , 1 1 6 1 , 7 9 2 , 3 5 1 2,849,272 Pu b l i c w o r k s 4 3 8 , 4 1 3 5 , 9 9 0 , 7 1 9 5 , 3 1 8 , 8 6 5 4 , 5 5 9 , 4 6 0 4 , 6 3 4 , 1 6 7 3,827,501 Sa n i t a t i o n 2 , 7 9 8 , 8 8 3 4 9 2 , 4 4 6 4 7 4 , 0 4 5 5 0 9 , 2 0 8 5 1 4 , 2 0 8 547,160 Cu l t u r e a n d r e c r e a t i o n 4 1 0 , 7 6 8 2 , 2 1 0 , 7 2 9 2 , 6 9 4 , 9 7 0 2 , 6 6 1 , 9 1 5 2 , 7 0 0 , 6 8 3 2,828,152 Ec o n o m i c d e v e l o p m e n t 9 6 9 , 2 2 9 6 5 7 , 2 5 8 2 , 0 6 1 , 3 3 1 7 6 9 , 5 8 4 5 1 0 , 1 2 6 842,819 In t e r e s t o n l o n g - t e r m d e b t 1 , 4 1 4 , 7 3 7 1 , 7 3 3 , 9 3 3 2 , 3 7 8 , 8 7 1 2 , 1 9 3 , 8 4 0 2 , 1 3 6 , 8 7 2 1,673,431 To t a l g o v e r n m e n t a l a c t i v i t i e s e x p e n s e s 9 , 2 0 9 , 4 0 1 1 4 , 5 4 3 , 5 3 5 1 9 , 4 2 4 , 1 5 2 1 4 , 2 3 1 , 4 4 3 1 3 , 8 6 0 , 7 9 6 14,349,307 Bu s i n e s s - t y p e a c t i v i t i e s Wa t e r 86 5 , 3 7 9 9 3 9 , 4 4 9 9 1 3 , 6 3 8 9 7 3 , 3 7 5 9 7 5 , 8 4 6 1,018,098 Se w e r 2, 0 8 3 , 8 4 1 2 , 0 1 7 , 9 9 3 2 , 0 9 5 , 1 2 4 2 , 0 0 0 , 6 1 0 2 , 0 8 5 , 4 8 5 2,074,447 Li q u o r 3, 0 8 3 , 0 6 2 3 , 1 7 2 , 7 4 1 3 , 2 8 5 , 0 8 2 6 4 4 , 8 5 7 6 2 0 , 7 4 3 669,940 Ce m e t e r y 32 , 2 7 5 3 3 , 7 1 7 7 1 , 0 4 4 4 1 , 3 1 2 2 9 , 2 6 7 27,530 Fi b e r o p t i c s – – – 8 4 , 5 9 4 1 , 5 9 0 , 2 3 7 2,792,813 To t a l b u s i n e s s - t y p e a c t i v i t i e s e x p e n s e s 6 , 0 6 4 , 5 5 7 6 , 1 6 3 , 9 0 0 6 , 3 6 4 , 8 8 8 3 , 7 4 4 , 7 4 8 5 , 3 0 1 , 5 7 8 6,582,828 To t a l p r i m a r y g o v e r n m e n t e x p e n s e s 15 , 2 7 3 , 9 5 8 $ 2 0 , 7 0 7 , 4 3 5 $ 2 5 , 7 8 9 , 0 4 0 $ 1 7 , 9 7 6 , 1 9 1 $ 1 9 , 1 6 2 , 3 7 4 $ 20,932,135$ Pr o g r a m r e v e n u e s Go v e r n m e n t a c t i v i t i e s Ch a r g e s f o r s e r v i c e s Ge n e r a l g o v e r n m e n t 6 2 9 , 9 4 2 $ 6 8 3 , 5 9 9 $ 9 7 4 , 1 8 6 $ 6 9 5 , 1 1 7 $ 5 2 3 , 2 2 8 $ 443,976$ Pu b l i c s a f e t y 8 8 9 , 0 4 1 9 1 2 , 3 0 0 1 , 0 3 0 , 8 4 2 9 3 , 1 3 8 9 9 , 8 1 2 155,036 Pu b l i c w o r k s 2 , 0 8 5 , 4 7 8 2 , 6 9 2 , 3 3 6 1 , 1 8 6 , 6 7 0 1 , 9 9 4 , 0 6 7 1 , 5 4 4 , 1 4 0 744,241 Sa n i t a t i o n 9 8 , 6 0 2 8 6 3 , 8 5 7 1 2 9 , 0 5 7 – – 167,119 Cu l t u r e a n d r e c r e a t i o n 7 5 6 , 3 5 9 1 2 6 , 4 1 8 1 , 0 1 9 , 2 8 6 1 , 0 1 5 , 8 6 9 1 , 0 6 0 , 1 4 7 1,119,204 Ec o n o m i c d e v e l o p m e n t – 1 4 6 , 7 1 5 1 1 5 , 6 1 6 6 , 7 6 8 1 5 , 8 7 5 155,769 Op e r a t i n g g r a n t s a n d c o n t r i b u t i o n s 3 3 7 , 6 8 8 3 8 1 , 4 2 0 2 8 1 , 5 3 1 1 6 0 , 1 4 7 1 5 9 , 1 9 2 269,492 Ca p i t a l g r a n t s a n d c o n t r i b u t i o n s 4 , 0 5 9 , 0 3 4 2 , 1 3 5 , 6 8 7 1 2 , 1 5 3 , 1 8 5 3 , 6 1 6 , 8 7 0 9 4 8 , 3 4 0 2,067,509 To t a l g o v e r n m e n t a l a c t i v i t i e s p r o g r a m r e v e n u e s 8 , 8 5 6 , 1 4 4 7 , 9 4 2 , 3 3 2 1 6 , 8 9 0 , 3 7 3 7 , 5 8 1 , 9 7 6 4 , 3 5 0 , 7 3 4 5,122,346 Bu s i n e s s - t y p e a c t i v i t i e s Ch a r g e s f o r s e r v i c e s Wa t e r 58 5 , 6 9 9 7 0 1 , 3 4 6 7 4 2 , 1 4 6 8 6 7 , 8 7 3 9 7 3 , 7 7 6 1,019,390 Se w e r 91 8 , 3 0 9 9 6 9 , 9 9 6 1 , 0 4 3 , 2 0 8 1 , 1 9 6 , 9 8 3 1 , 3 0 7 , 0 6 4 1,371,776 Li q u o r 3 , 4 1 2 , 8 0 9 3 , 5 4 0 , 5 7 2 3 , 6 1 9 , 2 3 6 1 , 0 0 2 , 9 3 3 1 , 0 5 9 , 4 7 9 1,043,256 Ce m e t e r y 3 2 , 1 4 1 3 2 , 8 3 4 2 9 , 2 6 5 2 8 , 8 3 0 2 4 , 4 7 5 19,995 Ca p i t a l g r a n t s a n d c o n t r i b u t i o n s 1 , 3 0 3 , 5 2 7 4 , 3 1 0 , 6 9 1 2 , 1 8 8 , 6 7 5 4 8 2 , 4 1 2 1 0 6 , 7 8 7 – To t a l b u s i n e s s - t y p e a c t i v i t i e s p r o g r a m r e v e n u e s 6 , 2 5 2 , 4 8 5 9 , 5 5 5 , 4 3 9 7 , 6 2 2 , 5 3 0 3 , 5 7 9 , 0 3 1 3 , 4 7 1 , 5 8 1 3,454,417 To t a l p r i m a r y g o v e r n m e n t p r o g r a m r e v e n u e s 15 , 1 0 8 , 6 2 9 $ 1 7 , 4 9 7 , 7 7 1 $ 2 4 , 5 1 2 , 9 0 3 $ 1 1 , 1 6 1 , 0 0 7 $ 7 , 8 2 2 , 3 1 5 $ 8,576,763$ Fi s c a l Y e a r (A c c r u a l B a s i s o f A c c o u n t i n g ) La s t S i x F i s c a l Y e a r s Ch a n g e s i n N e t A s s e t s CI T Y O F M O N T I C E L L O (continued) Pa g e s 6 4 a n d 6 5 20 0 4 2 0 0 5 2 0 0 6 2 0 0 7 2 0 0 8 2 0 0 9 Ne t ( e x p e n s e ) r e v e n u e Go v e r n m e n t a l a c t i v i t i e s ( 3 5 3 , 2 5 7 ) $ ( 6 , 6 0 1 , 2 0 3 ) $ ( 2 , 5 3 3 , 7 7 9 ) $ ( 6 , 6 4 9 , 4 6 7 ) $ ( 9 , 5 1 0 , 0 6 2 ) $ (9,226,961)$ Bu s i n e s s - t y p e a c t i v i t i e s 1 8 7 , 9 2 8 3 , 3 9 1 , 5 3 9 1 , 2 5 7 , 6 4 2 ( 1 6 5 , 7 1 7 ) ( 1 , 8 2 9 , 9 9 7 ) (3,128,411) To t a l p r i m a r y g o v e r n m e n t n e t e x p e n s e (1 6 5 , 3 2 9 ) $ ( 3 , 2 0 9 , 6 6 4 ) $ ( 1 , 2 7 6 , 1 3 7 ) $ ( 6 , 8 1 5 , 1 8 4 ) $ ( 1 1 , 3 4 0 , 0 5 9 ) $ (12,355,372)$ Ge n e r a l r e v e n u e s a n d o t h e r c h a n g e s i n n e t a s s e t s Go v e r n m e n t a l a c t i v i t i e s Pr o p e r t y t a x e s 7 , 6 7 0 , 6 6 6 $ 7 , 4 7 6 , 1 0 6 $ 7 , 2 5 3 , 5 6 0 $ 7 , 2 4 2 , 8 3 8 $ 8 , 4 5 0 , 5 9 9 $ 8,821,568$ Fr a n c h i s e t a x e s – – – – – 48,517 Un r e s t r i c t e d g r a n t s a n d c o n t r i b u t i o n s 9 9 , 6 6 7 2 0 0 , 0 0 0 1 3 0 , 0 0 0 2 8 8 , 9 4 0 1 5 8 , 3 4 0 406,735 In v e s t m e n t e a r n i n g s 7 2 8 , 2 7 4 9 8 5 , 4 9 7 2 , 0 9 3 , 8 7 7 2 , 1 7 0 , 0 2 5 1 , 4 6 1 , 6 5 8 770,178 Ga i n o n d i s p o s a l o f c a p i t a l a s s e t s – – – – – 41,173 Mi s c e l l a n e o u s 2 , 8 6 0 , 7 2 8 2 , 7 9 9 , 7 0 3 4 , 6 1 9 , 6 2 9 5 2 8 , 1 9 3 2 3 3 , 3 2 6 366,961 Tr a n s f e r s ( 1 , 3 2 6 , 5 6 9 ) 2 5 0 , 0 0 0 2 5 0 , 0 0 0 9 9 7 , 9 2 9 3 7 1 , 2 4 5 251,133 To t a l g o v e r n m e n t a l a c t i v i t i e s 1 0 , 0 3 2 , 7 6 6 1 1 , 7 1 1 , 3 0 6 1 4 , 3 4 7 , 0 6 6 1 1 , 2 2 7 , 9 2 5 1 0 , 6 7 5 , 1 6 8 10,706,265 Bu s i n e s s - t y p e a c t i v i t i e s In v e s t m e n t e a r n i n g s 1 2 5 , 2 4 5 8 9 , 9 8 7 3 3 4 , 6 2 3 3 2 6 , 3 5 6 5 4 7 , 7 0 3 188,178 Mi s c e l l a n e o u s 2 3 , 7 7 0 ( 2 5 , 5 7 6 ) 2 7 , 1 0 0 6 2 , 6 6 4 1 3 6 , 3 5 6 42,360 Tr a n s f e r s 1 , 3 2 6 , 5 6 9 ( 2 5 0 , 0 0 0 ) ( 2 5 0 , 0 0 0 ) ( 9 9 7 , 9 2 9 ) ( 3 7 1 , 2 4 5 ) (251,133) To t a l b u s i n e s s - t y p e a c t i v i t i e s 1 , 4 7 5 , 5 8 4 ( 1 8 5 , 5 8 9 ) 1 1 1 , 7 2 3 ( 6 0 8 , 9 0 9 ) 3 1 2 , 8 1 4 (20,595) To t a l p r i m a r y g o v e r n m e n t 11 , 5 0 8 , 3 5 0 $ 1 1 , 5 2 5 , 7 1 7 $ 1 4 , 4 5 8 , 7 8 9 $ 1 0 , 6 1 9 , 0 1 6 $ 1 0 , 9 8 7 , 9 8 2 $ 10,685,670$ Ch a n g e i n n e t a s s e t s Go v e r n m e n t a l a c t i v i t i e s 9 , 6 7 9 , 5 0 9 $ 5 , 1 1 0 , 1 0 3 $ 1 1 , 8 1 3 , 2 8 7 $ 4 , 5 7 8 , 4 5 8 $ 1 , 1 6 5 , 1 0 6 $ 1,479,304$ Bu s i n e s s - t y p e a c t i v i t i e s 1 , 6 6 3 , 5 1 2 3 , 2 0 5 , 9 5 0 1 , 3 6 9 , 3 6 5 ( 7 7 4 , 6 2 6 ) ( 1 , 5 1 7 , 1 8 3 ) (3,149,006) To t a l p r i m a r y g o v e r n m e n t 11 , 3 4 3 , 0 2 1 $ 8 , 3 1 6 , 0 5 3 $ 1 3 , 1 8 2 , 6 5 2 $ 3 , 8 0 3 , 8 3 2 $ ( 3 5 2 , 0 7 7 ) $ (1,669,702)$ No t e : Ch a n g e s i n N e t A s s e t s CI T Y O F M O N T I C E L L O Fi s c a l Y e a r (A c c r u a l B a s i s o f A c c o u n t i n g ) La s t S i x F i s c a l Y e a r s ( c o n t i n u e d ) Th e C i t y i m p l e m e n t e d G A S B S t a t e m e n t N o . 3 4 i n f i s c a l 2 0 0 4 . T h i s i n f o r m a t i o n i s n o t a v a i l a b l e f o r p r e v i o u s y e a r s . Pa g e s 6 6 a n d 6 7 20 0 0 2 0 0 1 2 0 0 2 2 0 0 3 2 0 0 4 2 0 0 5 2 0 0 6 2 0 0 7 2 0 0 8 2 0 0 9 Ge n e r a l F u n d Re s e r v e d 2 , 2 3 5 $ 1 7 5 , 2 1 2 $ 2 4 5 , 2 2 5 $ 2 7 0 , 4 4 1 $ 1 9 4 , 1 7 2 $ 3 8 8 , 5 2 7 $ 4 0 5 , 8 1 9 $ 4 3 0 , 2 9 4 $ 3 5 9 , 3 0 3 $ 392,541$ Un r e s e r v e d 4 , 1 6 1 , 4 1 2 3 , 9 9 9 , 0 5 7 5 , 1 0 8 , 9 5 3 5 , 1 1 6 , 9 3 6 4 , 5 7 6 , 0 7 2 4 , 7 3 5 , 8 6 4 5 , 0 1 4 , 0 9 4 5 , 1 3 1 , 1 9 3 5 , 8 1 9 , 2 4 9 4,705,092 To t a l G e n e r a l F u n d 4 , 1 6 3 , 6 4 7 $ 4 , 1 7 4 , 2 6 9 $ 5 , 3 5 4 , 1 7 8 $ 5 , 3 8 7 , 3 7 7 $ 4 , 7 7 0 , 2 4 4 $ 5 , 1 2 4 , 3 9 1 $ 5 , 4 1 9 , 9 1 3 $ 5 , 5 6 1 , 4 8 7 $ 6 , 1 7 8 , 5 5 2 $ 5,097,633$ Al l o t h e r g o v e r n m e n t a l f u n d s Re s e r v e d 5 9 , 1 2 1 , 3 1 6 $ 6 4 , 5 7 6 , 6 9 1 $ 6 4 , 2 9 3 , 6 1 8 $ 1 0 , 2 6 4 , 6 6 6 $ 1 4 , 1 4 4 , 9 0 8 $ 1 4 , 7 5 4 , 9 2 3 $ 1 7 , 9 1 2 , 4 1 8 $ 2 7 , 0 7 2 , 9 5 7 $ 1 6 , 6 6 3 , 8 0 1 $ 10,280,326$ Un r e s e r v e d , r e p o r t e d i n Sp e c i a l r e v e n u e f u n d s 6 , 7 3 9 , 7 7 1 7 , 2 3 9 , 7 1 3 8 , 8 9 3 , 2 5 6 7 , 9 9 9 , 5 4 7 9 , 0 8 0 , 6 8 7 1 8 , 4 2 5 , 8 9 3 1 4 , 9 4 6 , 4 4 3 7 , 5 5 4 , 3 3 4 1 4 , 1 9 1 , 4 7 3 18,451,828 Ca p i t a l p r o j e c t s f u n d s 5 0 0 , 8 3 5 ( 3 3 5 , 0 2 0 ) 2 3 7 , 4 8 6 1 , 2 6 0 , 3 1 8 ( 9 4 , 9 4 5 ) 9 , 2 6 1 , 1 8 8 ( 1 , 8 0 5 , 3 7 2 ) ( 6 3 0 , 2 1 4 ) ( 1 , 8 3 9 , 4 7 8 ) (2,124,391) To t a l a l l o t h e r g o v e r n m e n t a l f u n d s 6 6 , 3 6 1 , 9 2 2 $ 7 1 , 4 8 1 , 3 8 4 $ 7 3 , 4 2 4 , 3 6 0 $ 1 9 , 5 2 4 , 5 3 1 $ 2 3 , 1 3 0 , 6 5 0 $ 4 2 , 4 4 2 , 0 0 4 $ 3 1 , 0 5 3 , 4 8 9 $ 3 3 , 9 9 7 , 0 7 7 $ 2 9 , 0 1 5 , 7 9 6 $ 26,607,763$ Fu n d B a l a n c e s o f G o v e r n m e n t a l F u n d s CI T Y O F M O N T I C E L L O Fi s c a l Y e a r (M o d i f i e d A c c r u a l B a s i s o f A c c o u n t i n g ) La s t T e n F i s c a l Y e a r s Pa g e s 6 8 a n d 6 9 20 0 0 2 0 0 1 2 0 0 2 2 0 0 3 2 0 0 4 2 0 0 5 2 0 0 6 2 0 0 7 2 0 0 8 2 0 0 9 Re v e n u e s Ta x e s Ge n e r a l p r o p e r t y t a x e s 4 , 8 0 0 , 0 3 1 $ 5 , 1 1 5 , 9 0 3 $ 6 , 3 4 6 , 3 0 5 $ 7 , 2 0 9 , 5 6 0 $ 6 , 7 3 4 , 8 1 4 $ 6 , 7 2 2 , 3 9 3 $ 6 , 4 6 1 , 7 4 8 $ 6 , 1 9 0 , 5 9 9 $ 7 , 2 3 3 , 5 8 2 $ 7,502,844$ Ta x i n c r e m e n t s 6 5 0 , 9 2 6 7 6 2 , 0 7 4 6 7 2 , 3 8 2 6 2 4 , 3 2 0 9 3 5 , 8 5 2 7 5 3 , 7 1 3 7 9 1 , 8 1 2 8 2 4 , 7 1 4 1 , 1 7 2 , 4 4 7 1,193,021 Sp e c i a l a s s e s s m e n t s 1 , 2 7 6 , 9 6 6 1 , 4 3 3 , 2 1 1 8 9 8 , 4 5 5 1 , 2 9 2 , 4 1 5 2 , 0 9 8 , 4 9 9 3 , 3 4 1 , 5 3 7 2 , 0 0 6 , 5 1 9 3 , 1 1 2 , 3 7 4 2 , 5 6 6 , 9 3 2 2,462,673 Fr a n c h i s e t a x e s – – – – – – – – – 48,517 Li c e n s e s a n d p e r m i t s 4 6 3 , 9 3 5 5 9 6 , 2 5 9 7 0 5 , 1 7 9 6 8 9 , 4 2 1 7 9 7 , 4 5 8 9 5 6 , 3 0 0 7 5 8 , 7 1 8 6 2 7 , 7 5 1 9 1 7 , 5 3 9 266,797 In t e r g o v e r n m e n t a l 9 1 0 , 5 4 0 4 3 3 , 0 8 7 4 7 3 , 8 8 3 1 , 3 7 7 , 2 6 9 6 8 9 , 8 9 1 3 7 3 , 9 2 9 9 3 7 , 0 7 6 1 , 7 6 4 , 6 3 3 5 5 0 , 2 8 3 1,688,895 Ch a r g e s f o r s e r v i c e s 1 , 7 4 4 , 0 3 0 2 , 1 8 7 , 4 8 4 2 , 3 0 4 , 6 8 9 2 , 8 1 7 , 9 4 1 3 , 2 2 3 , 0 1 2 4 , 0 1 4 , 9 5 6 2 , 7 9 6 , 8 7 1 2 , 8 8 8 , 9 8 1 2 , 2 9 0 , 0 9 1 2,518,548 Fi n e s a n d f o r f e i t s – – – – – 4 , 0 0 0 1 , 7 5 0 5 , 0 2 7 2 , 2 1 6 1,220 Ea r n i n g s o n i n v e s t m e n t s – – – 6 6 8 , 6 4 3 7 2 8 , 2 7 4 9 8 5 , 4 9 7 2 , 0 9 3 , 8 7 7 2 , 1 7 0 , 0 2 5 1 , 4 6 1 , 6 5 8 770,178 Mi s c e l l a n e o u s 2 , 4 7 3 , 8 7 2 1 , 9 3 5 , 1 7 1 2 , 3 8 2 , 1 0 5 2 , 0 6 5 , 0 4 3 1 , 9 7 9 , 0 7 5 3 , 1 6 5 , 3 7 2 4 , 5 6 4 , 6 6 0 3 7 2 , 5 0 2 1 9 7 , 9 8 8 435,186 To t a l r e v e n u e s 1 2 , 3 2 0 , 3 0 0 1 2 , 4 6 3 , 1 8 9 1 3 , 7 8 2 , 9 9 8 1 6 , 7 4 4 , 6 1 2 1 7 , 1 8 6 , 8 7 5 2 0 , 3 1 7 , 6 9 7 2 0 , 4 1 3 , 0 3 1 1 7 , 9 5 6 , 6 0 6 1 6 , 3 9 2 , 7 3 6 16,887,879 Ex p e n d i t u r e s Ge n e r a l g o v e r n m e n t 1 , 1 9 9 , 7 9 3 1 , 2 0 8 , 7 1 2 1 , 3 1 2 , 6 1 3 1 , 4 1 7 , 4 8 1 1 , 6 5 6 , 2 0 7 1 , 5 4 4 , 4 4 6 1 , 7 4 3 , 7 1 6 1 , 8 9 9 , 0 9 7 1 , 5 7 9 , 1 6 4 1,634,395 Pu b l i c s a f e t y 5 7 2 , 1 3 4 7 8 7 , 3 4 7 8 9 2 , 1 3 3 1 , 2 7 4 , 3 8 9 1 , 6 0 8 , 6 5 2 1 , 6 6 6 , 8 6 9 2 , 7 6 0 , 0 9 0 1 , 6 0 3 , 3 3 1 1 , 7 3 6 , 9 6 2 2,738,768 Pu b l i c w o r k s 1 , 0 0 4 , 0 6 9 1 , 3 1 6 , 0 7 7 1 , 4 1 8 , 3 1 9 2 , 4 6 9 , 5 2 3 2 , 3 3 2 , 2 0 2 4 , 6 3 5 , 5 1 9 3 , 5 9 4 , 8 4 4 1 , 9 5 1 , 7 1 2 2 , 3 8 0 , 9 9 3 2,074,811 Sa n i t a t i o n 2 8 8 , 4 3 0 3 7 8 , 7 5 2 3 8 6 , 6 4 1 3 8 4 , 2 2 8 4 1 0 , 7 6 8 4 9 2 , 4 4 6 4 7 4 , 0 4 5 5 0 9 , 2 0 8 5 1 4 , 2 0 8 547,160 Cu l t u r e a n d r e c r e a t i o n 4 7 3 , 1 2 2 5 0 2 , 8 8 9 5 0 6 , 5 0 5 2 , 1 7 9 , 4 2 9 2 , 3 9 5 , 0 1 5 2 , 3 6 1 , 3 0 2 2 , 2 7 1 , 2 1 6 2 , 2 1 4 , 1 0 8 2 , 2 2 0 , 3 6 8 2,355,669 Ec o n o m i c d e v e l o p m e n t 1 , 4 1 0 , 3 2 1 1 , 5 8 6 , 2 5 0 1 , 9 4 9 , 2 1 3 1 , 0 3 9 , 2 3 0 9 6 9 , 2 2 9 6 3 7 , 7 7 7 2 , 0 5 6 , 0 5 5 7 7 2 , 8 5 2 5 2 5 , 7 8 3 842,819 He a l t h a n d w e l f a r e 7 7 , 3 2 2 1 1 9 , 3 6 2 1 1 4 , 3 6 7 – – – – – – – Ca p i t a l o u t l a y 5 , 9 9 7 , 4 6 6 4 , 9 5 5 , 6 5 9 3 , 6 0 9 , 2 8 3 4 , 9 0 3 , 5 2 1 2 , 6 4 9 , 3 1 6 1 2 , 1 3 7 , 7 4 0 1 3 , 0 7 4 , 9 6 5 6 , 4 3 0 , 4 2 1 3 , 5 2 2 , 1 9 6 1,946,153 De b t s e r v i c e Pr i n c i p a l 2 , 5 7 7 , 8 6 4 2 , 4 4 1 , 6 7 8 3 , 8 9 0 , 2 4 6 2 , 1 6 7 , 9 2 5 4 , 0 9 6 , 5 3 9 1 , 9 1 1 , 1 2 6 3 , 4 0 7 , 6 5 5 3 , 3 8 8 , 3 8 2 5 , 0 3 7 , 0 2 8 6,749,293 In t e r e s t a n d p a y i n g a g e n t f e e s 1 , 3 1 1 , 3 9 4 1 , 4 8 6 , 8 9 9 1 , 5 1 3 , 4 8 1 1 , 4 1 8 , 3 7 5 1 , 4 6 0 , 1 8 3 1 , 4 2 6 , 3 6 7 2 , 3 7 3 , 4 3 8 2 , 2 5 6 , 3 1 1 2 , 1 9 2 , 0 6 3 1,801,392 To t a l e x p e n d i t u r e s 1 4 , 9 1 1 , 9 1 5 1 4 , 7 8 3 , 6 2 5 1 5 , 5 9 2 , 8 0 1 1 7 , 2 5 4 , 1 0 1 1 7 , 5 7 8 , 1 1 1 2 6 , 8 1 3 , 5 9 2 3 1 , 7 5 6 , 0 2 4 2 1 , 0 2 5 , 4 2 2 1 9 , 7 0 8 , 7 6 5 20,690,460 Ex c e s s o f r e v e n u e s o v e r ( u n d e r ) e x p e n d i t u r e s ( 2 , 5 9 1 , 6 1 5 ) ( 2 , 3 2 0 , 4 3 6 ) ( 1 , 8 0 9 , 8 0 3 ) ( 5 0 9 , 4 8 9 ) ( 3 9 1 , 2 3 6 ) ( 6 , 4 9 5 , 8 9 5 ) ( 1 1 , 3 4 2 , 9 9 3 ) ( 3 , 0 6 8 , 8 1 6 ) ( 3 , 3 1 6 , 0 2 9 ) (3,802,581) Ot h e r f i n a n c i n g s o u r c e s ( u s e s ) Tr a n s f e r s i n 5 , 5 4 7 , 7 1 5 4 , 3 8 6 , 1 5 4 1 , 9 6 5 , 2 6 7 4 , 4 9 6 , 1 2 0 5 , 8 5 9 , 5 3 5 4 , 1 2 8 , 0 1 0 8 , 1 8 1 , 3 7 2 5 , 2 0 2 , 0 5 1 1 6 , 8 1 8 , 0 9 0 10,172,878 Tr a n s f e r s o u t ( 5 , 1 4 6 , 0 3 1 ) ( 4 , 2 0 4 , 9 5 2 ) ( 1 , 7 6 5 , 2 6 7 ) ( 4 , 3 6 6 , 1 2 0 ) ( 5 , 6 0 9 , 5 3 5 ) ( 3 , 8 7 8 , 0 1 0 ) ( 7 , 9 3 1 , 3 7 2 ) ( 4 , 2 0 4 , 1 2 2 ) ( 1 6 , 4 4 6 , 8 4 5 ) (9,921,745) Bo n d s i s s u e d 4 , 7 1 5 , 1 0 4 2 , 1 5 0 , 0 0 0 2 , 4 2 0 , 0 0 0 2 , 4 2 0 , 0 0 0 3 , 1 3 0 , 2 2 2 2 5 , 1 5 0 , 0 0 0 – 5 , 1 3 7 , 9 0 3 1 5 , 4 5 0 , 0 0 0 – Pr e m i u m o n b o n d s i s s u e d – – – – – 7 6 1 , 3 9 6 – 8 3 , 7 1 0 – – Pr i n c i p a l p a y m e n t t o r e f u n d i n g e s c r o w a c t – – – – – – – – ( 1 5 , 9 0 8 , 5 6 4 ) – De f e r r e d a m o r t i z e d g a i n ( l o s s ) o n r e f u n d i n g – – – – – – – – ( 3 8 4 , 4 3 2 ) – Re i m b u r s e m e n t o f p r o j e c t c o s t 2 , 1 6 8 , 7 9 5 1 , 8 2 9 , 2 7 0 9 3 7 , 3 4 0 – – – – – – – Sa l e o f l a n d h e l d f o r r e s a l e – 4 2 1 , 8 6 9 1 2 , 0 0 0 – – – – ( 1 0 3 , 0 8 4 ) 7 4 , 6 5 0 – Sa l e o f c a p i t a l a s s e t s – – – – – – – 3 7 , 5 2 0 2 , 5 7 5 62,496 To t a l o t h e r f i n a n c i n g s o u r c e s ( u s e s ) 7 , 2 8 5 , 5 8 3 4 , 5 8 2 , 3 4 1 3 , 5 6 9 , 3 4 0 2 , 5 5 0 , 0 0 0 3 , 3 8 0 , 2 2 2 2 6 , 1 6 1 , 3 9 6 2 5 0 , 0 0 0 6 , 1 5 3 , 9 7 8 ( 3 9 4 , 5 2 6 ) 313,629 Ne t c h a n g e i n f u n d b a l a n c e s 4, 6 9 3 , 9 6 8 $ 2 , 2 6 1 , 9 0 5 $ 1 , 7 5 9 , 5 3 7 $ 2 , 0 4 0 , 5 1 1 $ 2 , 9 8 8 , 9 8 6 $ 1 9 , 6 6 5 , 5 0 1 $ ( 1 1 , 0 9 2 , 9 9 3 ) $ 3 , 0 8 5 , 1 6 2 $ ( 3 , 7 1 0 , 5 5 5 ) $ (3,488,952)$ De b t s e r v i c e a s a p e r c e n t a g e o f n o n c a p i t a l e x p e n d i t u r e s 43 . 6 % 4 0 . 0 % 4 5 . 1 % 2 9 . 0 % 3 7 . 2 % 2 2 . 7 % 3 0 . 9 % 3 8 . 7 % 4 4 . 7 % 4 5 . 6 % Fi s c a l Y e a r (M o d i f i e d A c c r u a l B a s i s o f A c c o u n t i n g ) Ch a n g e s i n F u n d B a l a n c e s o f G o v e r n m e n t a l F u n d s La s t T e n F i s c a l Y e a r s CI T Y O F M O N T I C E L L O Pa g e s 7 0 a n d 7 1 To t a l Ta x a b l e N e t Re s i d e n t i a l C o m m e r c i a l P e r s o n a l T a x C a p a c i t y T o t a l P r o p e r t y P r o p e r t y P r o p e r t y V a l u e * M a r k e t V a l u e 2, 7 8 3 , 8 7 5 $ 1 0 , 7 7 9 , 7 0 9 $ 1 8 4 , 9 5 1 $ 1 3 , 8 0 9 , 6 8 0 $ 3 6 . 2 7 0 % 5 5 7 , 4 7 4 , 3 0 0 $ 2 . 5 % 3, 3 8 3 , 7 3 5 1 0 , 8 6 9 , 5 6 3 1 9 8 , 0 6 3 1 4 , 5 1 6 , 0 2 2 3 7 . 1 4 6 6 0 0 , 6 0 2 , 5 0 0 2 . 4 3, 3 0 9 , 0 3 7 6 , 6 5 1 , 0 9 2 1 3 0 , 4 7 8 1 0 , 1 3 4 , 5 1 1 6 7 . 6 4 5 6 6 3 , 4 9 6 , 8 0 0 1 . 5 3, 9 1 5 , 2 0 4 6 , 8 2 0 , 5 8 7 1 3 6 , 3 0 8 1 0 , 9 1 9 , 2 4 7 6 5 . 5 5 8 7 3 9 , 0 0 7 , 6 0 0 1 . 5 4, 5 5 2 , 3 8 0 6 , 9 4 8 , 7 0 7 1 4 3 , 4 5 2 1 1 , 7 1 4 , 6 7 1 6 2 . 4 5 2 8 1 2 , 8 5 5 , 3 0 0 1 . 4 5, 1 8 2 , 3 7 0 7 , 0 8 5 , 1 0 5 1 6 0 , 5 9 4 1 2 , 4 9 8 , 9 1 2 5 8 . 7 6 0 8 8 2 , 0 3 8 , 3 0 0 1 . 4 5, 8 2 4 , 2 3 8 7 , 8 7 1 , 1 3 2 1 7 0 , 4 4 6 1 3 , 9 3 5 , 4 4 2 5 1 . 0 4 0 9 9 3 , 6 4 7 , 3 0 0 1 . 4 6, 9 2 9 , 5 1 7 8 , 9 1 3 , 8 2 1 1 7 7 , 8 2 2 1 6 , 2 0 4 , 8 5 5 4 2 . 6 0 1 1 , 2 4 3 , 4 6 1 , 1 0 0 1 . 3 7, 4 4 3 , 3 3 1 9 , 4 5 5 , 6 6 6 1 7 6 , 2 8 9 1 7 , 3 1 2 , 0 7 5 4 6 . 9 4 2 1 , 2 8 2 , 4 0 0 , 7 0 0 1 . 3 7, 5 0 6 , 9 7 3 9 , 9 6 6 , 8 7 3 1 7 4 , 2 2 3 1 7 , 9 4 7 , 2 6 0 4 6 . 1 8 3 1 , 2 4 5 , 4 0 7 , 6 0 0 1 . 4 Pe r c e n t a g e o f T o t a l N e t T a x C a p a c i t y V a l u e 20 . 2 % 78 . 1 % 1. 3 % 0. 4 % 1 0 0 . 0 % 23 . 3 7 4 . 9 1 . 4 0 . 4 1 0 0 . 0 32 . 7 6 5 . 6 1 . 3 0 . 4 1 0 0 . 0 35 . 9 6 2 . 5 1 . 2 0 . 4 1 0 0 . 0 38 . 9 5 9 . 3 1 . 2 0 . 6 1 0 0 . 0 41 . 5 5 6 . 7 1 . 3 0 . 6 1 0 0 . 0 41 . 8 5 6 . 5 1 . 2 0 . 5 1 0 0 . 0 42 . 8 5 5 . 0 1 . 1 1 . 1 1 0 0 . 0 43 . 0 5 4 . 6 1 . 0 1 . 4 1 0 0 . 0 41 . 8 5 5 . 5 1 . 0 1 . 7 1 0 0 . 0 * T a x c a p a c i t y v a l u e d o e s n o t i n c l u d e t a x i n c r e m e n t . No t e : So u r c e : 29 9 , 1 9 1 23 6 , 7 8 9 64 , 6 6 1 61 , 1 4 5 $ 70 , 1 3 2 47 , 1 4 8 43 , 9 0 4 18 3 , 6 9 5 69 , 6 2 6 70 , 8 4 3 Capacity as aNet Tax Percentage of Market Value To t a l D i r e c t Ag r i c u l t u r a l an d Mi s c e l l a n e o u s T a x R a t e Fi s c a l Y e a r 20 0 0 Re a l P r o p e r t y La s t T e n F i s c a l Y e a r s Ta x C a p a c i t y V a l u e a n d E s t i m a t e d M a r k e t V a l u e o f T a x a b l e P r o p e r t y CI T Y O F M O N T I C E L L O 20 0 1 20 0 4 20 0 3 20 0 2 20 0 7 20 0 6 20 0 5 20 0 8 20 0 9 20 0 1 20 0 0 20 0 3 20 0 2 20 0 5 20 0 4 20 0 7 20 0 6 20 0 9 20 0 8 Ta x e x e m p t p r o p e r t y v a l u e s a r e n o t i n c l u d e d i n t o t a l n e t c a p a c i t y v a l u e . Wr i g h t C o u n t y C e r t i f i c a t e o f T a x e s a n d T a x a b l e P r o p e r t i e s Pa g e s 7 3 a n d 7 4 Ta x a b l e N e t T a x M a r k e t T a x a b l e N e t T a x Ma r k e t V a l u e C a p a c i t y V a l u e R a n k V a l u e C a p a c i t y V a l u e R a n k Xc e l E n e r g y ( N o r t h e r n S t a t e s ) 2 5 1 , 6 5 0 , 1 0 0 $ 5 , 0 2 5 , 5 5 7 $ 1 2 8 . 0 0 % 2 6 7 , 5 8 3 , 5 0 0 $ 9 , 0 8 7 , 6 0 1 $ 1 65.81 % Ta r g e t C o r p o r a t i o n 1 3 , 1 6 1 , 6 0 0 2 6 2 , 4 8 2 2 1 . 4 6 – – – – Wa l - M a r t R e a l E s t a t e B u s T r u s t 1 2 , 8 6 9 , 1 0 0 2 5 3 , 8 3 0 3 1 . 4 1 – – – – Ho m e D e p o t U S A , I n c . 8 , 2 6 3 , 0 0 0 1 6 4 , 5 1 0 4 0 . 9 2 – – – – Mu l l e r F a m i l y T h e a t r e s 7 , 8 4 4 , 0 0 0 1 5 5 , 6 0 2 5 0 . 8 7 – – – – Ry a n C o m p a n i e s 7 , 8 4 3 , 8 0 0 1 3 3 , 9 0 4 6 0 . 7 5 – – – – Ja c o b H o l d i n g s o f S a n d b e r g R o a d 7 , 7 8 3 , 5 0 0 1 5 4 , 1 7 0 7 0 . 8 6 – – – – L& P V e n t u r e s , L L C 7 , 6 3 9 , 1 0 0 1 4 3 , 0 2 2 8 0 . 8 0 – – – – Ja c o b H o l d i n g s o f M o n t i c e l l o , L L C 7 , 5 2 7 , 5 0 0 1 4 8 , 4 7 6 9 0 . 8 3 – – – – Ta p p e r ’ s H o l d i n g , L L C 5 , 2 8 6 , 9 0 0 1 0 4 , 2 3 8 1 0 0 . 5 8 – – – – Mo n t i c e l l o / W a s h i n g t o n A s s o c . – – – – 3, 0 8 3 , 9 0 0 1 0 3 , 3 5 2 2 0.75 BB F P r o p e r t i e s , I n c . – – – – 2, 4 9 2 , 2 0 0 8 3 , 2 3 5 3 0.60 Mo n t i - B i g L a k e C o m m u n i t y H o s p i t a l – – – – 2, 1 6 1 , 5 0 0 7 1 , 9 9 1 4 0.52 JG R P a r t n e r s h i p – – – – 1, 9 4 8 , 2 0 0 4 6 , 7 5 7 5 0.34 Wr i g h t C o . P r o d u c t s , I n c . – – – – 1, 8 8 3 , 9 0 0 6 2 , 5 5 2 6 0.45 De m e u l e s F a m i l y L T D P a r t n e r s h i p – – – – 1, 7 2 0 , 2 0 0 5 6 , 9 8 7 7 0.41 Th e H W i n d o w C o m p a n y – – – – 1, 6 1 0 , 0 0 0 5 3 , 2 4 0 8 0.39 Re m m e l e E n g i n e e r i n g , I n c . – – – – 1, 5 3 9 , 3 0 0 5 0 , 8 3 6 9 0.37 Ra i n d a n c e P a r t n e r s h i p – – – – 1, 4 5 9 , 0 0 0 4 8 , 0 9 7 1 0 0.35 To t a l 3 2 9 , 8 6 8 , 6 0 0 $ 6 , 5 4 5 , 7 9 1 $ 3 6 . 4 8 % 2 8 5 , 4 8 1 , 7 0 0 $ 9 , 6 6 4 , 6 4 8 $ 69.99 % So u r c e : Ta x p a y e r 20 0 0 Wr i g h t C o u n t y C e r t i f i c a t e o f T a x e s a n d T a x a b l e P r o p e r t i e s Capacity Value Ca p a c i t y V a l u e Total Net Tax Percentage of 20 0 9 To t a l N e t T a x Pe r c e n t a g e o f Cu r r e n t Y e a r a n d N i n e Y e a r s A g o Pr i n c i p a l P r o p e r t y T a x p a y e r s CI T Y O F M O N T I C E L L O Pa g e s 7 6 a n d 7 7 To t a l T a x C o l l e c t i o n s i n A b a t e m e n t s Le v y f o r S u b s e q u e n t a n d Fi s c a l Y e a r A m o u n t Y e a r s A m o u n t A d j u s t m e n t s A m o u n t Pr o p e r t y T a x e s : 5, 0 1 2 , 1 0 2 $ 4 , 9 8 7 , 1 6 6 $ 99 . 5 0 % 24 , 7 4 8 $ 5 , 0 1 1 , 9 1 4 $ 10 0 . 0 0 % 86 5 $ 1 , 0 5 3 $ 0.02 %(a) 5, 3 5 0 , 7 6 8 5 , 3 1 3 , 3 5 6 9 9 . 3 0 3 6 , 9 7 8 5 , 3 5 0 , 3 3 4 9 9 . 9 9 4 3 5 8 6 9 0 . 0 2 (b) 6, 4 9 8 , 1 8 7 6 , 4 4 4 , 7 1 6 9 9 . 1 8 5 0 , 5 1 0 6 , 4 9 5 , 2 2 6 9 9 . 9 5 ( 2 , 7 3 6 ) 2 2 5 – (c) 6, 7 8 1 , 9 4 6 6 , 7 2 4 , 0 2 2 9 9 . 1 5 5 1 , 1 3 6 6 , 7 7 5 , 1 5 8 9 9 . 9 0 ( 6 , 7 6 6 ) 2 2 – (c) 6, 9 5 7 , 8 9 7 6 , 8 7 7 , 2 1 0 9 8 . 8 4 7 7 , 8 4 9 6 , 9 5 5 , 0 5 9 9 9 . 9 6 ( 1 , 1 8 3 ) 1 , 6 5 5 0 . 0 2 6, 9 5 7 , 7 7 6 6 , 8 7 0 , 9 6 6 9 8 . 7 5 8 5 , 2 5 1 6 , 9 5 6 , 2 1 7 9 9 . 9 8 2 , 2 2 9 3 , 7 8 8 0 . 0 5 6, 7 5 0 , 1 3 2 6 , 6 3 3 , 0 9 6 9 8 . 2 7 1 0 2 , 0 9 3 6 , 7 3 5 , 1 8 9 9 9 . 7 8 ( 7 , 3 3 3 ) 7 , 6 1 0 0 . 1 1 6, 4 9 9 , 9 1 4 6 , 3 0 5 , 8 2 6 9 7 . 0 1 1 4 7 , 9 8 9 6 , 4 5 3 , 8 1 5 9 9 . 2 9 ( 1 7 , 2 1 9 ) 2 8 , 8 8 0 0 . 4 4 7, 6 0 0 , 1 8 9 7 , 3 8 5 , 1 9 4 9 7 . 1 7 1 1 8 , 6 3 6 7 , 5 0 3 , 8 3 0 9 8 . 7 3 ( 2 8 , 7 8 4 ) 6 7 , 5 7 5 0 . 8 9 7, 7 5 0 , 1 1 9 7 , 5 0 1 , 3 1 5 9 6 . 7 9 – 7 , 5 0 1 , 3 1 5 9 6 . 7 9 ( 1 1 , 5 7 3 ) 2 3 7 , 2 3 1 3 . 0 6 348,908 $ Ta x I n c r e m e n t s : 53 1 , 3 0 5 $ 5 2 6 , 0 0 0 $ 99 . 0 0 % 5, 3 0 5 $ 5 3 1 , 3 0 5 $ 10 0 . 0 0 % – $ – $ – % 66 1 , 6 1 1 6 5 5 , 0 0 0 9 9 . 0 0 6 , 6 1 1 6 6 1 , 6 1 1 1 0 0 . 0 0 – – – 62 4 , 8 1 0 6 1 9 , 7 7 4 9 9 . 1 9 4 , 7 8 2 6 2 4 , 5 5 6 9 9 . 9 6 ( 2 5 4 ) – – 61 2 , 7 3 1 6 0 1 , 8 4 0 9 8 . 2 2 6 , 8 8 2 6 0 8 , 7 2 2 9 9 . 3 5 ( 1 , 8 4 6 ) 2 , 1 6 3 0 . 3 5 (c) 65 6 , 6 3 9 6 5 3 , 0 1 2 9 9 . 4 5 3 , 5 1 1 6 5 6 , 5 2 3 9 9 . 9 8 ( 1 1 6 ) – – 73 6 , 3 0 1 7 3 2 , 5 3 4 9 9 . 4 9 3 , 7 6 7 7 3 6 , 3 0 1 1 0 0 . 0 0 – – – 77 9 , 4 0 0 7 7 7 , 2 9 7 9 9 . 7 3 4 4 3 7 7 7 , 7 4 0 9 9 . 7 9 – 1 , 6 6 0 0 . 2 1 88 9 , 2 6 2 8 3 6 , 3 9 7 9 4 . 0 6 7 5 6 8 3 7 , 1 5 3 9 4 . 1 4 ( 4 9 , 9 6 5 ) 2 , 1 4 4 0 . 2 4 1, 1 9 1 , 1 7 7 1 , 1 8 4 , 4 0 2 9 9 . 4 3 9 3 3 1 , 1 8 5 , 3 3 5 9 9 . 5 1 – 5 , 8 4 2 0 . 4 9 1, 2 4 7 , 6 0 5 1 , 2 0 5 , 5 8 2 9 6 . 6 3 – 1 , 2 0 5 , 5 8 2 9 6 . 6 3 ( 5 6 2 ) 4 1 , 4 6 1 3 . 3 2 53,270 $ (a ) T o t a l u n c o l l e c t e d b a l a n c e a s o f 1 2 / 3 1 / 0 3 (b ) T o t a l u n c o l l e c t e d b a l a n c e a s o f 0 5 / 1 5 / 0 5 (c ) T o t a l u n c o l l e c t e d b a l a n c e a s o f 1 2 / 3 1 / 0 8 So u r c e : La s t T e n F i s c a l Y e a r s Pr o p e r t y T a x L e v i e s a n d C o l l e c t i o n s CI T Y O F M O N T I C E L L O To t a l C o l l e c t i o n s Co l l e c t e d W i t h i n t h e Fi s c a l Y e a r o f t h e L e v y of L e v y Pe r c e n t a g e Wr i g h t C o u n t y De c e m b e r 3 1 , 20 0 5 Fi s c a l Y e a r En d e d to D a t e 20 0 2 20 0 3 of LevyPercentageTotal Uncollected of L e v y Pe r c e n t a g e 20 0 3 20 0 7 20 0 9 20 0 8 20 0 8 20 0 7 20 0 5 20 0 6 20 0 9 20 0 1 20 0 4 20 0 0 20 0 0 20 0 6 20 0 4 20 0 2 20 0 1 Pa g e s 7 8 a n d 7 9 Ba s e R a t e R a t e 5 0 1 – 4 , 0 0 0 R a t e O v e r 4 , 0 0 0 B a s e R a t e R a t e O v e r 5 0 0 B a s e R a t e R a t e O v e r 5 0 0 Fi r s t 5 0 0 p e r 1 0 0 p e r 1 0 0 F i r s t 5 0 0 p e r 1 0 0 F i r s t 5 0 0 p e r 1 0 0 Cu b i c F e e t C u b i c F e e t C u b i c F e e t C u b i c F e e t C u b i c F e e t C u b i c F e e t C u b i c F e e t 7. 5 0 $ 0 . 4 5 $ 0 . 4 5 $ 7 . 5 0 $ 0 . 4 5 $ 1 0 . 0 0 $ 1 . 7 3 $ 8. 2 5 0 . 5 0 0 . 5 0 8 . 2 5 0 . 5 0 1 0 . 0 0 1 . 7 3 8. 2 5 0 . 5 0 0 . 5 0 8 . 2 5 0 . 5 0 1 0 . 0 0 1 . 7 3 8. 2 5 0 . 5 0 0 . 5 0 8 . 2 5 0 . 5 0 1 0 . 0 0 1 . 7 3 8. 2 5 0 . 5 0 0 . 5 0 8 . 2 5 0 . 5 0 1 0 . 0 0 1 . 7 3 8. 5 8 0 . 5 2 0 . 5 2 8 . 5 8 0 . 5 2 1 0 . 0 0 1 . 8 0 8. 9 2 0 . 5 4 0 . 5 4 8 . 9 2 0 . 5 4 1 0 . 4 0 1 . 8 7 10 . 2 6 0 . 6 2 0 . 7 1 1 0 . 2 6 0 . 6 2 1 1 . 9 6 2 . 1 5 11 . 9 1 0 . 7 4 0 . 8 4 1 1 . 9 1 0 . 7 4 1 3 . 7 5 2 . 4 7 12 . 4 0 0 . 7 8 0 . 8 8 1 2 . 4 0 0 . 7 8 1 4 . 4 5 2 . 6 0 So u r c e : Sewer Wa t e r Re s i d e n t i a l C o m m e r c i a l La s t T e n F i s c a l Y e a r s Ut i l i t y R a t e s p e r Y e a r CI T Y O F M O N T I C E L L O Fi s c a l Y e a r 20 0 1 20 0 0 20 0 4 20 0 3 20 0 2 20 0 7 20 0 6 20 0 5 20 0 9 20 0 8 Ci t y o f M o n t i c e l l o u t i l i t y b i l l i n g d e p a r t m e n t Pa g e s 8 1 a n d 8 2 Ge n e r a l O t h e r G e n e r a l G e n e r a l Ob l i g a t i o n G e n e r a l O b l i g a t i o n G e n e r a l O b l i g a t i o n Im p r o v e m e n t O b l i g a t i o n T a x I n c r e m e n t O b l i g a t i o n R e v e n u e C o n t r a c t I m p r o v e m e n t R e v e n u e T o t a l P r i m a r y Bo n d s B o n d s B o n d s N o t e s B o n d s f o r D e e d B o n d s B o n d s G o v e r n m e n t P e r C a p i t a ( 1 ) 11 , 2 6 0 , 0 0 0 $ 6 4 5 , 0 0 0 $ 4 0 0 , 0 0 0 $ 1 3 , 7 0 4 , 9 9 9 $ 7 , 5 5 5 , 0 0 0 $ – $ – $ – $ 3 3 , 5 6 4 , 9 9 9 $ 1 5 . 1 4 %4,266$ 9, 7 0 5 , 0 0 0 4 4 0 , 0 0 0 2 , 4 7 5 , 0 0 0 1 3 , 1 7 6 , 5 3 5 7 , 4 3 5 , 0 0 0 – – – 3 3 , 2 3 1 , 5 3 5 1 3 . 6 4 3,958 9, 1 6 0 , 0 0 0 2 2 0 , 0 0 0 2 , 4 1 0 , 0 0 0 1 2 , 6 2 6 , 2 8 9 7 , 3 4 5 , 0 0 0 – – – 3 1 , 7 6 1 , 2 8 9 1 2 . 3 6 3,593 7, 7 6 0 , 0 0 0 2 , 5 3 5 , 0 0 0 2 , 3 6 0 , 0 0 0 1 2 , 0 5 3 , 3 6 4 7 , 3 0 5 , 0 0 0 – – – 3 2 , 0 1 3 , 3 6 4 1 1 . 0 8 3,275 6, 7 1 5 , 0 0 0 2 , 4 2 0 , 0 0 0 1 , 1 0 0 , 0 0 0 1 1 , 4 5 6 , 8 2 5 7 , 1 7 0 , 0 0 0 2 , 1 8 5 , 2 2 2 – – 3 1 , 0 4 7 , 0 4 7 9 . 9 6 3,041 31 , 0 6 5 , 0 0 0 2 , 4 2 0 , 0 0 0 9 7 0 , 0 0 0 1 0 , 8 3 5 , 6 9 9 6 , 9 1 0 , 0 0 0 2 , 0 8 5 , 2 2 2 – – 5 4 , 2 8 5 , 9 2 1 1 6 . 3 4 5,092 30 , 2 5 5 , 0 0 0 2 , 2 1 0 , 0 0 0 8 1 0 , 0 0 0 1 0 , 1 8 8 , 9 7 3 6 , 6 5 0 , 0 0 0 7 6 4 , 2 9 3 – – 5 0 , 8 7 8 , 2 6 6 1 4 . 1 9 4,569 28 , 4 1 5 , 0 0 0 7 , 1 3 2 , 9 0 3 6 8 0 , 0 0 0 9 , 5 1 5 , 5 9 2 6 , 2 2 0 , 0 0 0 6 6 4 , 2 9 3 9 0 7 , 0 9 7 – 5 3 , 5 3 4 , 8 8 5 1 4 . 1 2 4,757 24 , 0 7 5 , 0 0 0 1 5 , 7 3 7 , 9 0 3 5 7 5 , 0 0 0 – 6 , 1 8 0 , 0 0 0 5 6 4 , 2 9 3 9 0 7 , 0 9 7 2 6 , 4 4 5 , 0 0 0 7 4 , 4 8 4 , 2 9 3 1 9 . 0 1 6,553 21 , 5 3 5 , 0 0 0 1 2 , 8 2 2 , 9 0 3 4 7 0 , 0 0 0 – 5 , 5 5 5 , 0 0 0 – 8 3 7 , 0 9 7 2 6 , 4 4 5 , 0 0 0 6 7 , 6 6 5 , 0 0 0 1 7 . 6 0 5,896 (1 ) S e e t h e S c h e d u l e o f D e m o g r a p h i c a n d E c o n o m i c S t a t i s t i c s . No t e : Go v e r n m e n t a l A c t i v i t i e s La s t T e n F i s c a l Y e a r s Ra t i o s o f O u t s t a n d i n g D e b t b y T y p e CI T Y O F M O N T I C E L L O De t a i l s r e g a r d i n g t h e C i t y ’ s o u t s t a n d i n g d e b t c a n b e f o u n d i n t h e n o t e s t o b a s i c f i n a n c i a l s t a t e m e n t s . 20 0 1 Income (1)of PersonalPercentage Bu s i n e s s - T y p e A c t i v i t i e s 20 0 8 20 0 2 20 0 3 20 0 4 20 0 5 20 0 9 20 0 6 20 0 7 Fi s c a l Y e a r 20 0 0 Pa g e s 8 3 a n d 8 4 20 0 0 2 0 0 1 2 0 0 2 2 0 0 3 2 0 0 4 2 0 0 5 2 0 0 6 2 0 0 7 2 0 0 8 2 0 0 9 10 , 5 6 3 , 6 3 2 $ 1 2 , 0 1 2 , 0 5 0 $ 1 3 , 2 6 9 , 9 3 6 $ 1 4 , 7 8 0 , 1 5 2 $ 1 6 , 2 5 7 , 1 0 6 $ 1 7 , 6 4 0 , 7 6 6 $ 1 9 , 8 7 2 , 9 4 6 $ 2 3 , 2 0 3 , 6 8 2 $ 3 7 , 3 0 3 , 8 3 3 $ 38,074,842$ 8, 0 7 0 , 0 5 0 7 , 7 6 0 , 0 0 0 7 , 5 4 5 , 0 0 0 7 , 4 2 0 , 0 0 0 7 , 1 7 0 , 0 0 0 6 , 9 1 0 , 0 0 0 6 , 6 5 0 , 0 0 0 6 , 1 0 0 , 0 0 0 6 , 1 8 0 , 0 0 0 5,585,000 2, 4 9 3 , 5 8 2 $ 4 , 2 5 2 , 0 5 0 $ 5 , 7 2 4 , 9 3 6 $ 7 , 3 6 0 , 1 5 2 $ 9 , 0 8 7 , 1 0 6 $ 1 0 , 7 3 0 , 7 6 6 $ 1 3 , 2 2 2 , 9 4 6 $ 1 7 , 1 0 3 , 6 8 2 $ 3 1 , 1 2 3 , 8 3 3 $ 32,489,842$ To t a l n e t d e b t a p p l i c a b l e t o t h e l i m i t 76 . 3 9 % 6 4 . 6 0 % 5 6 . 8 6 % 5 0 . 2 0 % 4 4 . 1 0 % 3 9 . 1 7 % 3 3 . 4 6 % 2 6 . 2 9 % 1 6 . 5 7 % 1 4 . 6 7 % Ma r k e t v a l u e ( p a y a b l e 2 0 0 9 v a l u e ) 1 , 2 6 9 , 1 6 1 , 4 0 0 $ De b t l i m i t ( 3 % o f m a r k e t v a l u e ) 3 8 , 0 7 4 , 8 4 2 De b t a p p l i c a b l e t o l i m i t Ot h e r g e n e r a l o b l i g a t i o n b o n d s 1 3 , 6 6 0 , 0 0 0 Le s s a m o u n t s e t a s i d e f o r r e p a y m e n t o f g e n e r a l o b l i g a t i o n d e b t ( 8 , 0 7 5 , 0 0 0 ) To t a l n e t d e b t a p p l i c a b l e t o l i m i t 5 , 5 8 5 , 0 0 0 Le g a l d e b t m a r g i n 3 2 , 4 8 9 , 8 4 2 $ No t e : La s t T e n F i s c a l Y e a r s Le g a l D e b t M a r g i n I n f o r m a t i o n CI T Y O F M O N T I C E L L O Al l M i n n e s o t a m u n i c i p a l i t i e s ( c o u n t i e s , c i t i e s , t o w n s , a n d s c h o o l d i s t r i c t s ) a r e s u b j e c t t o s t a t u t o r y “ n e t d e b t ” l i m i t a t i o n s u n d e r t h e p r o v i s i o n s of M i n n e s o t a S t a t u t e s , S e c t i o n 4 7 5 . 5 3 . U n d e r t h i s p r o v i s i o n , b e g i n n i n g w i t h i s s u e s ha v i n g a s e t t l e m e n t d a t e a f t e r J u n e 3 0 , 2 0 0 8 , t h e S t a t e o f M i n n e s o t a i n c r e a s e d t h e l e g a l d e b t l i m i t f r o m 2 p e r c e n t t o 3 p e r c e n t o f t h e C i t y ’ s t a x a b l e m a r k e t v a l u e . Le g a l D e b t M a r g i n C a l c u l a t i o n f o r F i s c a l Y e a r 2 0 0 9 De b t l i m i t a s a p e r c e n t a g e o f d e b t l i m i t Fi s c a l Y e a r To t a l n e t d e b t a p p l i c a b l e t o l i m i t Le g a l d e b t m a r g i n Pa g e s 8 7 a n d 8 8 20 0 0 2 0 0 1 2 0 0 2 2 0 0 3 2 0 0 4 2 0 0 5 2 0 0 6 2 0 0 7 2 0 0 8 2 0 0 9 Fu n c t i o n N/ A N / A N / A N / A N / A 1 6 . 6 0 1 6 . 6 0 1 6 . 6 0 1 7 . 6 0 17.60 N/ A N / A N / A N / A N / A 3 . 0 0 3 . 0 0 3 . 0 0 3 . 0 0 3.00 N/ A N / A N / A N / A N / A 2 1 . 5 0 2 1 . 5 0 2 1 . 5 0 2 1 . 5 0 19.50 Cu l t u r e a n d r e c r e a t i o n N/ A N / A N / A N / A N / A 5 . 0 0 5 . 0 0 5 . 0 0 5 . 0 0 5.00 N/ A N / A N / A N / A N / A 8 . 0 0 8 . 0 0 8 . 0 0 8 . 0 0 8.00 Co m m u n i t y d e v e l o p m e n t N / A N / A N / A N / A N / A 2 . 0 0 2 . 0 0 2 . 0 0 2 . 0 0 2.00 N/ A N / A N / A N / A N / A 4 . 0 0 4 . 0 0 4 . 0 0 4 . 0 0 4.00 N/ A N / A N / A N / A N / A 1 0 . 0 0 1 0 . 0 0 1 0 . 0 0 1 0 . 0 0 10.00 Fi b e r N e t N / A N / A N / A N / A N / A – – – – 6.00 To t a l N / A N / A N / A N / A N / A 7 0 . 1 0 7 0 . 1 0 7 0 . 1 0 7 1 . 1 0 75.10 N/ A – N o t A v a i l a b l e So u r c e : C i t y F i n a n c e D e p a r t m e n t Se w e r / w a t e r Pa r k s Ma i n t e n a n c e Li q u o r s t o r e Co m m u n i t y c e n t e r Ge n e r a l g o v e r n m e n t Pu b l i c w o r k s En g i n e e r i n g Fu l l - T i m e E q u i v a l e n t E m p l o y e e s a s o f D e c e m b e r 3 1 , La s t T e n F i s c a l Y e a r s Fu l l - T i m e E q u i v a l e n t C i t y G o v e r n m e n t E m p l o y e e s b y F u n c t i o n CI T Y O F M O N T I C E L L O Pa g e s 9 2 a n d 9 3 20 0 0 2 0 0 1 2 0 0 2 2 0 0 3 2 0 0 4 2 0 0 5 2 0 0 6 2 0 0 7 2 0 0 8 2 0 0 9 Fu n c t i o n Fi r e 27 2 3 0 6 2 8 8 3 1 6 2 7 8 3 2 5 2 6 6 3 1 7 3 9 5 375 N/ A N / A N / A N / A N / A 1 0 3 0 5 0 1 2 0 160 Sa l t ( t o n s ) N / A N / A N / A N / A N / A 1 1 4 1 6 4 2 7 4 4 7 4 475 Sa n d ( t o n s ) N / A N / A N / A N / A N / A 3 2 0 3 1 9 3 4 7 6 1 1 615 Cr a c k s e a l a n t ( p o u n d s ) N / A N / A N / A N / A N / A N / A 1 1 , 1 1 5 1 4 , 2 0 0 1 8 , 1 5 0 15,000 As p h a l t r e p a i r s ( t o n s o f a s p h a l t ) N / A N / A N / A N / A N / A N / A 3 0 0 3 3 0 2 0 0 200 Cu l t u r e a n d r e c r e a t i o n Sh a d e t r e e s p l a n t e d – – 8 0 – – – – 3 8 4 4 1 0 425 Di s e a s e d t r e e s r e m o v e d N / A N / A N / A N / A N / A N / A N / A N / A 8 6 8 200 Tr a i l s m a i n t a i n e d ( m i l e s ) N / A N / A N / A N / A N / A N / A N / A N / A 1 7 17 Co m m u n i t y c e n t e r u s e r s N / A N / A N / A N / A N / A N / A 1 4 5 , 7 0 0 1 6 8 , 9 2 3 1 8 6 , 4 2 9 186,279 Pr o g r a m s a l e s N / A N / A N / A N / A N / A N / A 6 7 , 0 2 1 8 8 , 4 1 2 1 2 9 , 3 3 9 149,829 Re n t a l r e v e n u e N / A N / A N / A N / A N / A N / A 1 4 8 , 5 3 3 1 3 9 , 0 9 6 1 3 6 , 5 4 7 127,612 Ec o n o m i c d e v e l o p m e n t Pe r m i t s i s s u e d 8 8 3 1 , 1 3 5 1 , 1 8 2 1 , 1 5 6 1 , 1 9 9 1 , 4 1 2 1 , 3 2 3 9 6 2 3 , 6 8 1 879 Pe r m i t v a l u a t i o n 2 6 , 0 6 2 , 9 4 5 $ 3 5 , 1 1 5 , 5 4 3 $ 4 0 , 1 8 7 , 7 7 2 $ 3 9 , 5 9 9 , 2 6 3 $ 6 2 , 3 0 0 , 3 6 0 $ 6 8 , 0 6 9 , 4 4 4 $ 4 5 , 5 7 2 , 6 9 0 $ 4 5 , 9 1 7 , 0 0 0 $ 4 5 , 9 5 0 , 0 0 0 $ 11,630,000$ Wa t e r Me t e r s r e p l a c e d 1 6 8 9 5 2 6 1 1 1 8 6 4 8 1 1 0 9 9 4 1 1 1 280 Cu r b b o x r e p a i r s ( w a t e r v a l v e s ) 5 0 5 0 2 1 2 5 0 5 0 5 0 5 0 5 0 7 5 200 Hy d r a n t r e p a i r 1 7 5 1 7 5 1 7 5 1 7 5 1 7 5 1 7 5 1 7 5 1 7 5 1 7 5 175 Av e r a g e a n n u a l r e s i d e n t i a l w a t e r u s e 2 8 2 , 5 0 4 , 1 1 6 2 9 7 , 2 3 4 , 4 9 5 2 5 9 , 4 7 6 , 7 1 2 3 5 3 , 4 5 2 , 9 2 6 3 2 4 , 8 6 8 , 0 4 3 3 4 4 , 1 9 7 , 0 5 8 4 1 9 , 8 9 2 , 1 3 5 4 6 7 , 6 7 3 , 4 8 8 4 0 9 , 8 7 9 , 6 5 8 430,263,791 Av e r a g e d a i l y c o n s u m p t i o n ( M G ) 1 . 3 6 9 1 . 4 0 8 1 . 2 3 2 1 . 5 6 4 1 . 4 9 7 1 . 5 6 9 1 . 8 1 7 1 . 9 2 1 1 . 7 4 9 1 . 8 0 6 Ma x i m u m d a i l y g a l l o n s p u m p e d ( M G ) 3 . 6 7 7 4 . 3 1 8 3 . 1 4 0 4 . 4 0 1 4 . 2 0 9 4 . 8 8 9 5 . 2 7 1 5 . 1 5 0 4 . 7 2 8 4 . 4 9 6 Se w e r Se w a g e f l o w ( M G ) ) 3 1 4 3 5 5 3 6 1 3 9 5 4 0 4 4 3 4 4 1 4 4 2 3 4 0 8 390 Mi l e s j e t t e d 2 0 2 0 2 0 2 0 2 0 2 0 2 0 2 0 2 0 20 Bl o c k s r o d d e d 3 3 3 3 3 3 3 3 3 3 Mi l e s i n s p e c t e d 2 0 2 0 2 0 2 0 2 0 2 0 2 0 2 0 2 0 20 Li b r a r y It e m s c h e c k e d o u t N / A N / A N / A N / A N / A N / A 1 8 8 , 7 0 4 2 0 9 , 1 7 4 2 1 6 , 5 9 9 2 1 9 , 6 9 4 Pr o g r a m s o f f e r e d N / A N / A N / A N / A N / A N / A 2 3 2 1 4 5 1 5 5 1 7 0 Pr o g r a m p a r t i c i p a n t s N / A N / A N / A N / A N / A N / A 4 , 1 9 6 3 , 5 3 7 3 , 8 6 9 4 , 1 0 0 De p u t y r e g i s t r a r ( D M V ) Mo t o r v e h i c l e t r a n s a c t i o n s N / A 4 4 , 0 8 5 4 1 , 0 5 4 4 7 , 6 8 4 4 4 , 6 8 4 4 6 , 4 9 2 4 5 , 2 2 5 4 0 , 9 5 0 4 5 , 5 9 5 4 8 , 0 0 0 DN R t r a n s a c t i o n s N / A N / A N / A N / A N / A N / A 5 , 3 0 7 5 , 5 8 0 6 , 0 0 0 6 , 5 0 0 Ga m e / f i s h t r a n s a c t i o n s N / A N / A N / A N / A N / A N / A N / A 1 6 7 2 3 5 2 5 0 De a l e r s h i p s s e r v i c e d N / A N / A N / A N / A N / A N / A 1 8 1 4 2 1 2 5 Dr i v e r s l i c e n s e s t r a n s a c t i o n s N / A N / A N / A N / A N / A N / A N / A N / A N / A 4 5 0 N/ A – N o t A v a i l a b l e MG – M i l l i o n s o f G a l l o n s No t e : I n d i c a t o r s a r e n o t a v a i l a b l e f o r t h e g e n e r a l g o v e r n m e n t c i t y f u n c t i o n s . So u r c e s : V a r i o u s c i t y d e p a r t m e n t s La s t T e n F i s c a l Y e a r s Op e r a t i n g I n d i c a t o r s b y F u n c t i o n CI T Y O F M O N T I C E L L O Ca l l s f o r s e r v i c e ( e n g i n e e r i n g ) Pu b l i c w o r k s Ca l l s f o r s e r v i c e Fi s c a l Y e a r Pa g e s 9 4 a n d 9 5 20 0 0 2 0 0 1 2 0 0 2 2 0 0 3 2 0 0 4 2 0 0 5 2 0 0 6 2 0 0 7 2 0 0 8 2 0 0 9 Fu n c t i o n Pu b l i c s a f e t y Fi r e Fi r e s t a t i o n s i n s e r v i c e 1 1 1 1 1 1 1 1 1 1 Nu m b e r o f v o l u n t e e r s – – – – – 3 0 3 0 3 0 3 0 30 Pu b l i c w o r k s St r e e t s ( m i l e s ) – – – – – 5 2 . 4 6 5 . 7 6 7 . 6 6 7 . 6 68.0 Cu l t u r e a n d r e c r e a t i o n Pa r k s a c r e a g e – – – – – – – – 1 2 0 180 Pa r k s 1 6 1 6 1 8 1 8 1 8 1 8 1 9 1 9 2 0 20 Pa r k b u i l d i n g s 7 8 9 9 9 9 9 9 1 0 11 Co m m u n i t y c e n t e r ( s q u a r e f o o t a g e ) 8 1 , 0 0 0 8 1 , 0 0 0 8 1 , 0 0 0 8 1 , 0 0 0 8 1 , 0 0 0 8 1 , 0 0 0 8 1 , 0 0 0 8 1 , 0 0 0 8 1 , 0 0 0 81,000 Wa t e r Fi r e h y d r a n t s 7 0 0 7 0 0 7 0 0 7 0 0 7 0 0 7 0 0 7 0 0 7 0 0 7 0 0 700 No t e : N o c a p i t a l a s s e t i n d i c a t o r s a r e a v a i l a b l e f o r t h e g e n e r a l g o v e r n m e n t a n d e c o n o m i c d e v e l o p m e n t f u n c t i o n s . So u r c e s : V a r i o u s c i t y d e p a r t m e n t s CI T Y O F M O N T I C E L L O Fi s c a l Y e a r Ca p i t a l A s s e t S t a t i s t i c s b y F u n c t i o n La s t T e n F i s c a l Y e a r s Pa g e s 9 6 a n d 9 7