Laserfiche WebLink
I <br /> IYuma County, Colorado <br /> Management's Discussion and Analysis <br /> 1 December 31, 2009 <br /> I As management of Yuma County, Colorado (the"County"),we offer readers of the County's financial <br /> statements this narrative overview and analysis of the financial activities of the County for the fiscal year <br /> ended December 31, 2009. <br /> IFinancial Highlights <br /> • The assets of Yuma County exceeded its liabilities at the close of the most recent fiscal year by <br /> $27,418,549 (net assets). Of this amount, $7,622,868(unrestricted net assets) may be used to <br /> meet the government's ongoing obligations to citizens and creditors. <br /> • The government's total net assets increased by$568,912. A large portion of this is due to <br /> decreased Road and Bridge Fund's expenditures,while this fund's revenues increased 2%from <br /> the previous year. <br /> • As of the close of the current fiscal year, the County governmental funds reported combined <br /> ending fund balances of$13,117,200, an increase of$1,350,534. Approximately$12,481,029 is <br /> available for spending at the government's discretion (unreserved fund balance). <br /> I • At the end of the current year, unreserved fund balance for the General Fund was$5,727,917, or <br /> 100% of total General Fund expenditures and transfers. <br /> I Overview of the Financial Statements <br /> This discussion and analysis is intended to serve as an introduction to the County's basic financial <br /> statements. The County's basic financial statements are comprised of three components: 1) government- <br /> I wide financial statements; 2)fund financial statements; and 3) notes to the financial statements. This <br /> report also provides other supplementary information in addition to the financial statements themselves. <br /> Government-wide Financial Statements: The government-wide financial statements are designed to <br /> I provide readers with a broad overview of the County's finances, in a manner similar to a private-sector <br /> business. <br /> I The Statement of Net Assets presents information on all of the County's assets and liabilities, with the <br /> difference between the two reported as net assets. Over time, increases or decreases in net assets may <br /> serve as a useful indicator of whether the financial position of the County is improving or deteriorating. <br /> I The Statement of Activities presents information showing how the government's net assets changed <br /> during the most recent fiscal year. All changes in net assets are reported as soon as the underlying event <br /> giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and <br /> expenses are reported in this statement for some items that will result in cash flows in future fiscal <br /> I periods. <br /> • <br /> The government-wide financial statements include not only the County itself(known as the primary <br /> I government), but also two legally separate districts for which the County is financially accountable. The <br /> Yuma County Water Authority Public Improvement District is reported as a blended component unit of the <br /> County (as a special revenue fund)and the Yuma County Water Authority is reported as a discretely <br /> presented component unit. Financial information for the Yuma County Water Authority is reported <br /> 1 separately from the financial information presented for the County. <br /> Both of the government-wide financial statements distinguish functions of the County that are principally <br /> supported by taxes and intergovernmental revenues(governmental activities). The governmental <br /> activities of the County include general government,judicial, public safety, health and human services, <br /> community auxiliary services, culture and recreation, public works (roads and bridges), and landfill. <br /> IThe government-wide fund financial statements can be found on pages C1 and C2 of this report. <br /> B1 <br />