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<br />Notes to the financial statements. The notes provide additional information that is essential to a full <br />understanding of the data provided in the government-wide and fund financial statements. The notes <br />to the financial statements are an integral part of the basic financial statements. <br /> <br />Other information. The CRA adopts an annual appropriated budget for its General Fund. A <br />budgetary comparison statement has been provided for the General Fund to demonstrate compliance <br />with this budget. <br /> <br />Government-wide Financial Analysis <br /> <br />As noted earlier, net assets may serve over time as a useful indicator of a government's financial <br />position. In the case of the CRA, assets exceeded liabilities by $2,197,627 at the close of the most <br />recent fiscal year. This compares with $1,854,452 at the close of the previous fiscal year, an <br />increase of $343,175. Cash and investments increased $359,462, attributed primarily to receipt of <br />City of Casselberry (the "City") and Seminole County (the "County") contributions to the CRA's cash <br />account (the "Trust Fund") related to the current year. <br /> <br /> Net Assets <br /> 2007 2006 <br />$ 1,771,124 $ 1,411,662 <br /> 460,520 570,344 <br /> 2,231,644 1,982,006 <br /> 34,017 127,554 <br /> <br />Current and other assets <br />Capital assets <br />Total assets <br />Short-term liabilities outstanding <br />Net assets: <br />Invested in capital assets, net of <br />related debt <br />Unrestricted <br />Total net assets <br /> <br />460,520 <br />1,737,107 <br />$ 2,197,627 <br /> <br />570,344 <br />1 ,284,108 <br />$ 1,854,452 <br /> <br />4 <br />