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 $ 22,138 $ 1,900 $ 24,038 $ 7,031 $ 9,943 $ 16,974 $ 18,261 $ 9,297 $ 27,558 Investments 743 301 1,044 1,438 191 1,629 889 189 1,078 Receivables (net) 3,247 1,819 5,066 4,947 1,618 6,565 2,365 1,482 3,847 Prepaid expenses 263 18 281 1,251 16 1,267 181 15 196 Inventories 36 68 104 851 58 909 177 59 236 Total current assets 26,427 4,106 30,533 15,518 11,826 27,344 21,873 11,042 32,915 Capital assets: Land 2,280 3,101 5,381 3,070 1,814 4,884 1,981 1,614 3,595 Depreciable assets 38,100 23,174 61,274 43,070 17,825 60,895 34,347 15,801 50,148 Accumulated depreciation (20,039 ) (5,681 ) (25,720 ) (18,232 ) (12,276 ) (30,508 ) (21,680 ) (10,402 ) (32,082 ) Total capital assets (net) 20,341 20,594 40,935 27,908 7,363 35,271 14,648 7,013 21,661 Total assets 46,768 24,700 71,468 43,426 19,189 62,615 36,521 18,055 54,576 Liabilities Accounts payable 1,880 967 2,847 1,369 386 1,755 1,933 345 2,278 Deferred revenue 42 42 570 570 172 172 Other, current 1,764 300 2,064 1,903 200 2,103 2,089 220 2,309 Total current liabilities 3,686 1,267 4,953 3,842 586 4,428 4,194 565 4,759 Bonds payable 16,900 8,500 25,400 22,400 7,600 30,000 20,900 7,500 28,400 Total liabilities 20,586 9,767 30,353 26,242 8,186 34,428 25,094 8,065 33,159 Net Position Net investment in capital assets 20,392 9,256 29,648 12,385 7,325 19,710 6,676 4,077 10,753 Restricted for: Capital projects 240 240 161 161 140 140 Debt service 943 943 1,043 1,043 828 828 Unrestricted (deficit) 4,607 5,677 10,284 3,595 3,678 7,273 3,783 5,913 9,696 Total net position $ 26,182 $ 14,933 $ 41,115 $ 17,184 $ 11,003 $ 28,187 $ 11,427 $ 9,990 $ 21,417 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 $ 5,728 $ 631 $ (5,097 ) $ (5,097 ) Judicial 1,936 1,216 $ 109 (611 ) (611 ) Public safety 7,968 2,030 668 (5,270 ) (5,270 ) Health and sanitation 2,854 624 (2,230 ) (2,230 ) Culture and recreation 2,666 564 $ 995 (1,107 ) (1,107 ) Road maintenance 2,505 105 2,119 (281 ) (281 ) Interest on long-term debt 958 (958 ) (958 ) Total governmental activities 24,615 5,170 2,896 995 (15,554 ) (15,554 ) Business-type activities 3,395 7,218 107 $ 3,930 3,930 Total government $ 28,010 $ 12,388 $ 2,896 $ 1,102 $ (15,554 ) $ 3,930 $ (11,624 ) General Revenues: Property taxes 18,796 18,796 Grants and contributions not restricted to specific programs 3,440 3,440 Investment earnings 1,716 1,716 Special itemgain on sale of land 600 600 Total general revenues and special items 24,552 24,552 Change in net position 8,998 3,930 12,928 Net positionJanuary 1 17,184 11,003 28,187 Net positionDecember 31 $ 26,182 $ 14,933 $ 41,115 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 $ 4,183 $ 158 $ (4,025 ) $ (4,025 ) Judicial 1,747 219 $ 317 (1,211 ) (1,211 ) Public safety 5,249 1,953 230 (3,066 ) (3,066 ) Health and sanitation 2,329 157 (2,172 ) (2,172 ) Culture and recreation 4,762 342 $ 360 (4,060 ) (4,060 ) Road maintenance 1,555 751 (804 ) (804 ) Interest on long-term debt 1,554 (1,554 ) (1,554 ) Total governmental activities 21,379 2,829 1,298 360 (16,892 ) (16,892 ) Business-type activities 4,297 5,290 20 $ 1,013 1,013 Total government $ 25,676 $ 8,119 $ 1,298 $ 380 $ (16,892 ) $ 1,013 $ (15,879 ) General Revenues: Property taxes 15,619 15,619 Grants and contributions not restricted to specific programs 4,414 4,414 Investment earnings 1,416 1,416 Special itemgain on sale of land 1,200 1,200 Total general revenues and special items 22,649 22,649 Change in net position 5,757 1,013 6,770 Net positionJanuary 1 11,427 9,990 21,417 Net positionDecember 31 $ 17,184 $ 11,003 $ 28,187 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 $ 4,172 $ 119 $ (4,053 ) $ (4,053 ) Judicial 2,401 218 $ 67 (2,116 ) (2,116 ) Public safety 4,613 1,733 20 (2,860 ) (2,860 ) Health and sanitation 3,346 716 (2,630 ) (2,630 ) Culture and recreation 3,934 714 $ 920 (2,300 ) (2,300 ) Road maintenance 1,788 480 (1,308 ) (1,308 ) Interest on long-term debt 1,448 (1,448 ) (1,448 ) Total governmental activities 21,702 3,500 567 920 (16,715 ) (16,715 ) Business-type activities 3,137 3,958 30 $ 851 851 Total government $ 24,839 $ 7,458 $ 567 $ 950 $ (16,715 ) $ 851 $ (15,864 ) General Revenues: Property taxes 14,100 14,100 Grants and contributions not restricted to specific programs 3,090 3,090 Investment earnings 831 831 Special itemgain on sale of land 900 900 Total general revenues and special items 18,921 18,921 Change in net position 2,206 851 3,057 Net positionJanuary 1 9,221 9,139 18,360 Net positionDecember 31 $ 11,427 $ 9,990 $ 21,417 Additional information follows: Population: Year 2020: 30,480, Year 2019: 28,351, Year 2018: 26,434. Debt limit remained at $20,300,000 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.)