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SUMMARIZED FINANCIAL INFORMATION
<br />TABLE l
<br />Current and other assets
<br />Capital assets
<br />Total assets
<br />Current Liabilities
<br />Long -term liabilities
<br />Total liabilities
<br />Net Assets:
<br />Invested in capital assets, net of related debt
<br />Restricted
<br />Unrestricted
<br />Total net assets (deficit)
<br />TABLE 2
<br />Revenues:
<br />General Revenues:
<br />Incremental property taxes
<br />Other
<br />Investment earnings
<br />Total general revenues
<br />Expenses:
<br />Community Development
<br />Interest on long -term debt
<br />Total expenses
<br />Increase in net assets before transfers
<br />Transfers (Note 4 and 5)
<br />Decrease in net assets
<br />Prior Period Adjustment (Note 1M)
<br />Net assets (deficit) beginning
<br />Govermnental Activities
<br />2011 2010
<br />$ 35,633,275 $ 37,263,217
<br />- 8,596,138
<br />35,633,275 45,859,355
<br />8,430,783
<br />7,892,222
<br />53,946,836
<br />57,984,420
<br />62,377,619
<br />65,876,642
<br />- 8,596,138
<br />18,802,684 18,550,418
<br />(45,547,028) (47,163,843)
<br />$ (26,744,344) $ (20,017,287)
<br />Governmental Activities
<br />2011 2010
<br />$ 11,104,408 $
<br />10,969,052
<br />844,738
<br />698,220
<br />232,733
<br />191,276
<br />12,181,879
<br />11,858,548
<br />7,468,181
<br />16,630,638
<br />2,907,358
<br />3,091,140
<br />10,375,539
<br />19,721,778
<br />1,806,340
<br />(7,863,230)
<br />(14,683,396)
<br />(12,877,056)
<br />(7,863,230)
<br />6,150,000
<br />-
<br />(20,017,288)
<br />(12,154,057)
<br />$ (26,744,344) $
<br />(20,017,288)
<br />5
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