CAFR 2017

 Cost containments during FY 2017 allowed for new staff additions with no increase in the property tax rate. Approximately 10 net new FTE’s were added, including 6 new fire positions to complete the goal of 4 firefighter positions on each ladder company shift.  FY 2017 included a 2.75% average merit increase for employees, along with further implementation of compensation study recommendations. Capital Asset and Debt Administration A. Capital Assets The City’s investment in capital assets including intangible assets for both its governmental and business-type activities as of June 30, 2017, amounts to $1,320,792,609 (net of accumulated depreciation/amortization). These assets include buildings, roads and bridges, land, machinery and equipment, park facilities, vehicles and intangible assets such as easements, software and licenses and water rights among other types of assets. This investment represents an increase of $80,498,022 or 6.5% over the prior year. Table C-1 Capital Assets (Net of Depreciation/Amortization-in thousands of dollars)

Governmental

Business-Type

Activities

Activities

Total

2017

2016

2017

2016

2017

2016

Land

$ 93,667 $ 87,106 $ 50,797 $ 45,869 $ 144,464 $ 132,975

Construction in Progress Intangible Assets-Easements

18,712 17,032 67,331 90,094 86,043

107,126 22,252 273,823 38,074

23,208 22,252 23,208

Buildings

99,065 101,221 171,085 172,602 270,150 21,000 13,501 26,841 24,573 47,841

Land Improvements

Improvements Other Than Buildings Furniture, Fixtures, Machinery and Equipment

87 89 4,524 4,768 4,611

4,857

58,775 45,356 40,009 25,338 98,784 168,538 152,335 399,793 359,860 568,331 73 149 77,288 78,150 77,361

70,694 512,195 78,299

Infrastructure

Intangible Assets

Total Capital Assets

$ 459,917 $ 416,789 $ 860,876 $ 823,506 $1,320,793 $1,240,295

This year’s major capital asset additions included:  Business Activities asset additions totaled over $37 million, with nearly all of the increase due to new construction in progress for utility system improvements. Developers also donated approximately $2.9 million of the additional water and sewer infrastructure line improvements.  General government infrastructure additions were mainly sidewalk, street, and right-of-way ($22.6 million) some of which are bond funded. The City also added $10.9 million to its heavy equipment and fleet inventory, maintained in the Equipment Services Internal Service Fund. Construction in progress for governmental-type and business-type capital assets totaled $18,712,261 and $67,331,199 respectively as of June 30, 2017 compared to $17,032,139 and $90,094,469 last year. There are significant wastewater utility facility improvements in progress.

2t