Fund Balance – Budget and Actual

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:

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 City of Arvada Statement of Activities Year Ended December 31, 2020 (in thousands)

Governmental Activities

2020 2019

Business-type Activities

2020 2019

Total Primary

Government

2020 2019

8,590 8,758 $ 51,745 $ 46,907 $ 60,335 $ 55,665 22,554 14,035 - - 22,554 14,035 8,108 3,710 7,624 10,823 15,732 14,533

83,026 76,062 - - 83,026 76,062 8,100 6,584 - - 8,100 6,584 4,704 5,162 - - 4,704 5,162 6,421 6,403 3,313 4,032 9,734 10,435 14,524 13,018 - 104 14,524 13,122 156,027 133,732 62,682 61,866 218,709 195,598

$ 43,114 $ 35,055 $ - $ - $ 43,114 $ 35,055 35,035 35,852 - - 35,035 35,852 39,787 31,981 - - 39,787 31,981 9,663 9,413 - - 9,663 9,413 326 277 - - 326 277 6,139 5,853 - - 6,139 5,853 3,560 3,217 - - 3,560 3,217 - - 26,126 25,235 26,126 25,235 - - 12,954 13,470 12,954 13,470 - - 2,771 2,796 2,771 2,796 - - 5,623 6,557 5,623 6,557 - - 1,388 1,778 1,388 1,778 137,624 121,648 48,862 49,836 186,486 171,484

18,403 12,084 13,820 12,030 32,223 24,114 374 2,707 (374) (2,707) - - 18,777 14,791 13,446 9,323 32,223 24,114

483,493 468,702 435,316 425,993 918,809 894,695 713 - - - 713 - 484,206 468,702 435,316 425,993 919,522 894,695 $ 502,983 $ 483,493 $ 448,762 $ 435,316 $ 951,745 $ 918,809

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 .