MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED) DECEMBER 31, 2021 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, 2021 (in thousands) Governmental Activities 2021
Business-type Activities
2020
2021
Total Primary Government
2020
2021
2020
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 (loss) Other Total revenues Expenses General government Public safety Public works Parks and recreation Culture Human service Interest Water Wastewater Stormwater Golf Solid Waste 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
10,494 17,179 8,881
8,590 22,554 8,108
$ 56,371 10,671
$ 51,745 7,624
96,063 8,172 5,061 (600) 15,508 160,758
83,026 8,100 4,704 6,421 14,524 156,027
(539) 66,503
3,313 62,682
33,451 36,031 35,420 10,474 437 7,948 3,414 127,175
$ 43,114 35,035 39,787 9,663 326 6,139 3,560 137,624
33,583 (136) 33,447
18,403 374 18,777
11,032 136 11,168
502,983 $ 536,430
483,493 713 484,206 $ 502,983
448,762 $ 459,930
$
$
27,202 13,154 3,288 7,041 3,762 1,024 55,471
66,865 17,179 19,552
$ 60,335 22,554 15,732
96,063 8,172 5,061 (1,139) 15,508 227,261
83,026 8,100 4,704 9,734 14,524 218,709
33,451 36,031 35,420 10,474 437 7,948 3,414 27,202 13,154 3,288 7,041 3,762 1,024 182,646
$ 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
13,820 (374) 13,446
44,615 44,615
32,223 32,223
435,316 435,316 $ 448,762
951,745 996,360
918,809 713 919,522 $ 951,745
$
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, 2021 reflects net position increasing $44,615,000. Revenues and expenses graphs are presented below to enhance the reader’s understanding of the current year activities.
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