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Another indicator of the decline in consumer confidence is that both real property tax and sales <br />tax combined continue a downward trend, decreasing in 2009 from the prior year by 6.93% and <br />again decreasing in 2010 from the prior year by another 6.88% for a two-year reduction in these <br />key revenues of over 13%. <br />2008 2009 chanize 2010 chan <br />Real Property Tax 16,363 16,698 2.0°% 16,118 -3.5% <br />Sales Tax 25,456 22,222 -12.7% 20,123 -9.4% <br />Total 41,819 38,920 -6.93% 36,242 -6.88% <br />Expenditures overall came below the budgeted amount by $3.8 million in the fiscal year 2009-10 <br />due mainly to the cost cutting measures adopted at the beginning of the fiscal year by all <br />functions, following the direction given by City Council as a measure to preserve fund balance <br />and balance the operating budget. <br />Significant amendments to the fiscal year 2009-10 budget include the transfer of $625,000 for <br />the lease purchase of a fire truck. <br />CAPITAL ASSETS AND DEBT ADMINISTRATION <br />Capital Assets <br />The City's investment in capital assets for its governmental and business type activities as of <br />June 30, 2010, amounts to $340 million (net of accumulated depreciation), which is an increase <br />of $5.8 million. Investment in capital assets includes land, buildings, improvements, machinery <br />and equipment, infrastructure and construction in progress. Infrastructure assets are items that <br />are normally immovable and of value only to the City such as roads, bridges, streets and <br />sidewalks, drainage systems, lighting systems and similar items. <br />Major Capital asset activity during the current fiscal year included the following: Completion of <br />the Senior Center, Street Rehabilitation and the Water Pollution control Plant Expansion <br />Proj ects. <br />14 <br />