Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position

Changes in Net Position MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED) DECEMBER 31, 2021

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 (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 City of Arvada Statement of Activities Year Ended December 31, 2021 (in thousands)

Governmental Activities

2021 2020

Business-type Activities

2021 2020

Total Primary

Government

2021 2020

10,494 8,590 $ 56,371 $ 51,745 $ 66,865 $ 60,335 17,179 22,554 - - 17,179 22,554 8,881 8,108 10,671 7,624 19,552 15,732

96,063 83,026 - - 96,063 83,026 8,172 8,100 - - 8,172 8,100 5,061 4,704 - - 5,061 4,704 (600) 6,421 (539) 3,313 (1,139) 9,734 15,508 14,524 - - 15,508 14,524 160,758 156,027 66,503 62,682 227,261 218,709

$ 33,451 $ 43,114 $ - $ - $ 33,451 $ 43,114 36,031 35,035 - - 36,031 35,035 35,420 39,787 - - 35,420 39,787 10,474 9,663 - - 10,474 9,663 437 326 - - 437 326 7,948 6,139 - - 7,948 6,139 3,414 3,560 - - 3,414 3,560 - - 27,202 26,126 27,202 26,126 - - 13,154 12,954 13,154 12,954 - - 3,288 2,771 3,288 2,771 - - 7,041 5,623 7,041 5,623 - - 3,762 - 3,762 - - - 1,024 1,388 1,024 1,388 127,175 137,624 55,471 48,862 182,646 186,486

33,583 18,403 11,032 13,820 44,615 32,223 (136) 374 136 (374) - - 33,447 18,777 11,168 13,446 44,615 32,223

- 483,493 - 435,316 - 918,809 - 713 - - - 713 502,983 484,206 448,762 435,316 951,745 919,522 $ 536,430 $ 502,983 $ 459,930 $ 448,762 $ 996,360 $ 951,745

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 .