MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED) DECEMBER 31, 2020 Changes in Net Position The following table reflects a condensed summary of activities and changes in net position: City of Arvada Statement of Activities Year Ended December 31, 2020 (in thousands) Governmental Activities 2020 2019 Revenues Program revenues: Charges for services Operating grants and contributions Capital grants and contributions General revenues: Sales and use taxes Property & ownership taxes Other taxes and fees Investment earnings Other Total revenues Expenses General government Public safety Public works Parks and recreation Culture Human service Interest Water Wastewater Stormwater Golf Food Total expenses Change in net position before transfers Transfers Increase in net position Net position, January 1, as previously reported Restatement for accounting changes Net position, January 1, as restated Net position, ending
Business-type Activities 2020 2019
Total Primary Government 2020 2019
8,590 22,554 8,108
8,758 14,035 3,710
$ 51,745 7,624
$ 46,907 10,823
$ 60,335 22,554 15,732
$ 55,665 14,035 14,533
83,026 8,100 4,704 6,421 14,524 156,027
76,062 6,584 5,162 6,403 13,018 133,732
3,313 62,682
4,032 104 61,866
83,026 8,100 4,704 9,734 14,524 218,709
76,062 6,584 5,162 10,435 13,122 195,598
43,114 35,035 39,787 9,663 326 6,139 3,560 137,624
$ 35,055 35,852 31,981 9,413 277 5,853 3,217 121,648
25,235 13,470 2,796 6,557 1,778 49,836
$ 43,114 35,035 39,787 9,663 326 6,139 3,560 26,126 12,954 2,771 5,623 1,388 186,486
$ 35,055 35,852 31,981 9,413 277 5,853 3,217 25,235 13,470 2,796 6,557 1,778 171,484
18,403 374 18,777
12,084 2,707 14,791
13,820 (374) 13,446
12,030 (2,707) 9,323
32,223 32,223
24,114 24,114
483,493 713 484,206 $ 502,983
468,702 468,702 $ 483,493
435,316 435,316 $ 448,762
425,993 425,993 $ 435,316
918,809 713 919,522 $ 951,745
894,695 894,695 $ 918,809
$
$
26,126 12,954 2,771 5,623 1,388 48,862
$
For more detailed information, see the Statement of Activities on pages 28-29 of this report. The above condensed summary of the City of Arvada’s governmental and business-type activities for the year ended December 31, 2020 reflects net position increasing $32,223,000. Revenues and expenses graphs are presented below to enhance the reader’s understanding of the current year activities.
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