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1 <br /> Fund Financial Analysis: <br /> The graph below shows the County's total actual combined fund balances for fiscal years 1999 through <br /> 2009. <br /> 1 14,000,000 <br /> 1 12,000,000 <br /> 10,000,000 <br /> 1 8,000,000 <br /> 6,000,000 111111 ' '1 4,000,000 2,000,000 <br /> 1111111111 <br /> .� � O O y�h LO�� LO� 0� 0 1. LO ff. 10 P <br /> \ 1, L <br /> ' Next Year's Budget and Rates: <br /> The County's General Fund balance at the end of fiscal year 2009 was$5,727,917. A reserve is <br /> necessary to start the year and provide basic services to the residents and visitors of the County. An <br /> adequate reserve at the year-end on which to operate a minimum of three months or 25% is considered <br /> necessary, for the majority of the property tax revenue is received in April of each year. The County had <br /> a General Fund balance of 100% of the 2009 actual expenditures. <br /> Budget Variances: <br /> The County was required to amend the budgets of various funds for the current fiscal year. General Fund <br /> ' departments received a budgetary increase totaling $124,000 to cover general operating expenditures <br /> over the original budgeted amounts. Departments receiving budgetary increases were County Fair and <br /> Economic Development. <br /> ' The details of the individual departments of the General Fund and other fund budgets can be found in <br /> Sections E and F of this report. <br /> Capital Assets and Debt Administration: <br /> During the current fiscal year, the Yuma County Water Authority(the"Water Authority"), a discretely <br /> presented component unit of the County, purchased certain water rights for$739,564. A detailed <br /> ' description of this and other capital assets additions, capital asset disposals, and depreciation expense is <br /> included in the Notes to the Financial Statements. Capital assets of the County decreased by a net of <br /> $838,991 during 2009, while capital assets of the Water Authority increased by the amount of the water <br /> ' rights purchase. <br /> As of the end of the current fiscal year, the County's total long-term liabilities increased by$22,340; this <br /> increase was mainly the result of higher accrued vacation and sick pay accruals for County employees. A <br /> detailed description of the County's long-term liabilities is included in the Notes to the Financial <br /> Statements. <br /> 1 <br /> B8 <br /> 1 <br />