Laserfiche WebLink
City of Casselberry, Florida <br />Community Redevelopment Agency <br />Management's Discussion and Analysis <br />September 30, 2010 <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 <br />compliance with this budget. <br />Government-wide Financial Analysis <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 $3,168,639 at the close of the <br />most recent fiscal year. This compares with $2,735,519 at the close of the previous fiscal year, <br />an increase of $433,120. Cash and investments increased $225,575, attributed primarily to <br />decreased program expenditures from effective budget strategies. Capital assets, which are not <br />available for future spending, increased with the completion of Lake Concord Park. <br />Net Assets <br />Governmental Activities <br />2010 2009 <br />Current and other assets $ 1,410,018 $ 1,184,443 <br />Capital assets 1,762,843 1,611,266 <br />Total assets 3,172,861 2,795,709 <br />Short-term liabilities outstanding 4,222 60,190 <br />Total liabilities 4,222 60,190 <br />Net assets: <br />Invested in capital assets 1,762,843 1,611,266 <br />Unrestricted 1,405,796 1,124,253 <br />Total net assets $ 3,168,639 $ 2,735,519 <br />-4- <br />