The government-wide financial statements for the City of Arborland for a three-year period are presented. CITY OF ARBORLAND Statements of Net Position As of December 31 (in thousands) 2020 2019 2018 Governmental Activities Business type Activities Total Governmental Activities Business type Activities Total Governmental Activities Business type Activities Total Assets Current assets: Cash $ 27,059 $ 1,930 $ 28,989 $ 7,781 $ 12,427 $ 20,208 $ 22,704 $ 11,640 $ 34,344 Investments 746 304 1,050 1,678 194 1,872 925 192 1,117 Receivables (net) 3,397 1,822 5,219 5,547 1,621 7,168 2,515 1,485 4,000 Prepaid expenses 266 21 287 1,551 19 1,570 184 18 202 Inventories 39 71 110 1,076 61 1,137 180 62 242 Total current assets 31,507 4,148 35,655 17,633 14,322 31,955 26,508 13,397 39,905 Capital assets: Land 2,310 3,401 5,711 3,370 1,817 5,187 1,984 1,617 3,601 Depreciable assets 38,250 26,420 64,670 44,849 17,840 62,689 32,847 16,101 48,948 Accumulated depreciation (21,539 ) (6,281 ) (27,820 ) (18,532 ) (13,026 ) (31,558 ) (22,280 ) (11,302 ) (33,582 ) Total capital assets (net) 19,021 23,540 42,561 29,687 6,631 36,318 12,551 6,416 18,967 Total assets 50,528 27,688 78,216 47,320 20,953 68,273 39,059 19,813 58,872 Liabilities Accounts payable 1,930 1,117 3,047 1,669 389 2,058 2,023 360 2,383 Deferred revenue 45 45 720 720 211 211 Other, current 1,767 330 2,097 2,053 203 2,256 2,269 235 2,504 Total current liabilities 3,742 1,447 5,189 4,442 592 5,034 4,503 595 5,098 Bonds payable 17,200 9,100 26,300 24,200 7,630 31,830 22,400 7,800 30,200 Total liabilities 20,942 10,547 31,489 28,642 8,222 36,864 26,903 8,395 35,298 Net Position Net investment in capital assets 23,861 12,055 35,916 14,017 8,603 22,620 7,069 4,680 11,749 Restricted for: Capital projects 270 270 164 164 143 143 Debt service 946 946 1,046 1,046 831 831 Unrestricted (deficit) 4,509 5,086 9,595 3,451 4,128 7,579 4,113 6,738 10,851 Total net position $ 29,586 $ 17,141 $ 46,727 $ 18,678 $ 12,731 $ 31,409 $ 12,156 $ 11,418 $ 23,574 CITY OF ARBORLAND Statement of Activities For the Year Ended December 31, 2020 (in thousands) Program Revenues Net (Expense) Revenue and Changes in Net Position Functions/Programs Expenses Charges for Services Operating Grants and Contributions Capital Grants and Contributions Governmental Activities Business-type Activities Total Governmental Activities: General government $ 5,730 $ 661 $ (5,069 ) $ (5,069 ) Judicial 1,939 1,366 $ 112 (461 ) (461 ) Public safety 7,971 2,180 818 (4,973 ) (4,973 ) Health and sanitation 2,869 654 (2,215 ) (2,215 ) Culture and recreation 2,816 567 $ 1,145 (1,104 ) (1,104 ) Road maintenance 2,540 135 2,269 (136 ) (136 ) Interest on long-term debt 961 (961 ) (961 ) Total governmental activities 24,826 5,563 3,199 1,145 (14,919 ) (14,919 ) Business-type activities 3,545 7,818 137 $ 4,410 4,410 Total government $ 28,371 $ 13,381 $ 3,199 $ 1,282 $ (14,919 ) $ 4,410 $ (10,509 ) General Revenues: Property taxes 19,246 19,246 Grants and contributions not restricted to specific programs 3,815 3,815 Investment earnings 2,016 2,016 Special itemgain on sale of land 750 750 Total general revenues and special items 25,827 25,827 Change in net position 10,908 4,410 15,318 Net positionJanuary 1 18,678 12,731 31,409 Net positionDecember 31 $ 29,586 $ 17,141 $ 46,727 CITY OF ARBORLAND Statement of Activities For the Year Ended December 31, 2019 (in thousands) Program Revenues Net (Expense) Revenue and Changes in Net Position Functions/Programs Expenses Charges for Services Operating Grants and Contributions Capital Grants and Contributions Governmental Activities Business-type Activities Total Governmental Activities: General government $ 4,198 $ 161 $ (4,037 ) $ (4,037 ) Judicial 1,750 222 $ 407 (1,121 ) (1,121 ) Public safety 5,252 1,956 290 (3,006 ) (3,006 ) Health and sanitation 2,389 160 (2,229 ) (2,229 ) Culture and recreation 5,062 348 $ 363 (4,351 ) (4,351 ) Road maintenance 1,705 826 (879 ) (879 ) Interest on long-term debt 1,779 (1,779 ) (1,779 ) Total governmental activities 22,135 2,847 1,523 363 (17,402 ) (17,402 ) Business-type activities 4,300 5,590 23 $ 1,313 1,313 Total government $ 26,435 $ 8,437 $ 1,523 $ 386 $ (17,402 ) $ 1,313 $ (16,089 ) General Revenues: Property taxes 16,219 16,219 Grants and contributions not restricted to specific programs 4,639 4,639 Investment earnings 1,566 1,566 Special itemgain on sale of land 1,500 1,500 Total general revenues and special items 23,924 23,924 Change in net position 6,522 1,313 7,835 Net positionJanuary 1 12,156 11,418 23,574 Net positionDecember 31 $ 18,678 $ 12,731 $ 31,409 CITY OF ARBORLAND Statement of Activities For the Year Ended December 31, 2018 (in thousands) Program Revenues Net (Expense) Revenue and Changes in Net Position Functions/Programs Expenses Charges for Services Operating Grants and Contributions Capital Grants and Contributions Governmental Activities Business-type Activities Total Governmental Activities: General government $ 4,247 $ 122 $ (4,125 ) $ (4,125 ) Judicial 2,641 224 $ 70 (2,347 ) (2,347 ) Public safety 4,763 1,736 23 (3,004 ) (3,004 ) Health and sanitation 3,721 866 (2,855 ) (2,855 ) Culture and recreation 4,069 819 $ 1,100 (2,150 ) (2,150 ) Road maintenance 1,893 486 (1,407 ) (1,407 ) Interest on long-term debt 1,598 (1,598 ) (1,598 ) Total governmental activities 22,932 3,767 579 1,100 (17,486 ) (17,486 ) Business-type activities 3,287 4,033 33 $ 779 779 Total government $ 26,219 $ 7,800 $ 579 $ 1,133 $ (17,486 ) $ 779 $ (16,707 ) General Revenues: Property taxes 14,400 14,400 Grants and contributions not restricted to specific programs 3,120 3,120 Investment earnings 876 876 Special itemgain on sale of land 1,125 1,125 Total general revenues and special items 19,521 19,521 Change in net position 2,035 779 2,814 Net positionJanuary 1 10,121 10,639 20,760 Net positionDecember 31 $ 12,156 $ 11,418 $ 23,574 Additional information follows: Population: Year 2020: 30,490, Year 2019: 28,361, Year 2018: 26,444. Debt limit remained at $20,350,000 for each of the three years. Net cash from operations is generally 80 percent of total revenues each year. Required Select X for the financial performance measures in Illustration 104 that can be calculated for the City of Arborland based on the information provided. Calculate those ratios identified in part a for FY 2020. Show your computations. (Round your answers to the nearest whole dollar amount. Enter your answer in thousands except for Bonded debt per Capita, Available Legal Debt Limit and Property Taxes per Capita whose values should be entered in dollars and not in thousands. Use ending values if the averages are not available. Use Property tax revenues instead of Property tax levy in your computation.)