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ICITY OF MONTE VISTA, COLORADO
<br /> MANAGEMENT'S DISCUSSION AND ANALYSIS
<br /> IDecember 31,2011
<br /> I At the end of the current fiscal year,the City is able to report positive balances in all three categories of net assets,
<br /> both for the government as a whole, as well as for its separate governmental and business-type activities. The
<br /> same situation held true for the prior fiscal year.
<br /> ITable 1 provides a summary of the City's net assets at December 31 for the years 2010 and, 2011. Additional
<br /> information is presented in the statement of net assets.
<br /> ICity of Monte Vista Net Assets
<br /> Governmental Activities Business-type Activities Total Government
<br /> 1 2010 2011 2010 2011 2010 2011
<br /> Current and other assets $ 3,298,250 $ 3,333,114 $ 1,196,537 $ 1,788,921 $ 4,494,787 $ 5,122,035
<br /> I Noncurrent and Capital assets 7,185,679 7,966,083 3,000,011 2,900,999 10,185,690 10,867,082
<br /> Total Assets $ 10,483,929 $ 11,299,197 $ 4,196,548 $ 4,689,920 $ 14,680,477 $ 15,989,117
<br /> 1 Current Liabilities $ 603,791 $ 743,490 $ 80,410 $ 93,401 $ 684,201 $ 836,891
<br /> Noncurrent Liabilities 3,381,580 3,392,111 1,150,179 1,451,091 4,531,759 4,843,202
<br /> Total Liabilities $ 3,985,371 $ 4,135,601 $ 1,230,589 $ 1,544,492 $ 5,215,960 $ 5,680,093
<br /> Net assets
<br /> I Investment in capital assets,
<br /> net of related debt $ 3,810,679 $ 4,531,270 $ 1,790,850 $ 1,364,720 $ 5,601,529 $ 5,895,990
<br /> Restricted for:
<br /> TABOR $ 90,000 $ 90,000 $ - $ - $ 90,000 $ 90,000
<br /> ' Capital Projects 1,640,580 1,758,014 - - 1,640,580 1,758,014
<br /> Debt Service 154,124 155,153 154,124 155,153
<br /> Conservation Trust - 511 - - - 511
<br /> I Water Acquisition - - 29,267 - 29,267-
<br /> Water Chlorination Imprv. 400,000 400,000
<br /> Unrestricted 803,175 628,648 1,175,109 1,351,441 1,978,284 1,980,089
<br /> ITotal Net Assets $ 6,498,558 $ 7,163,596 $ 2,965,959 $ 3,145,428 $ 9,464,517 $ 10,309,024
<br /> IGovernmental Activities
<br /> The City's governmental activities have been accounted for in seven departmental categories: 1) General
<br /> I Government, 2) Public Safety, 3) Health and Welfare, 4) Highway and Streets, 5) Culture and Recreation, 6)
<br /> Urban/Economic Development, and 7)Interest on long-term Debt.
<br /> I Governmental activity expenses totaled $3,539,238, a decrease of$654,230 compared to 2010. Major expenses
<br /> included in governmental activities are; $1,107,089 for public safety, $750,009 for general government, $719,587
<br /> for highway and streets, and $578,820 for culture and recreation. City funding for governmental activities was
<br /> I derived from $2,325,995 in general revenue, primarily taxes, and program revenues contributed $1,878,281.
<br /> Governmental activity revenues decreased by $58,992 compared to 2010. Of this amount program revenues
<br /> decreased by$51,675,primarily capital grants and contributions, and general revenues decreased by$7,317.
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