The URL can be used to link to this page

Home My WebLink AboutCity of Gainesville - Public Financial ReportCITY OF GAINESVILLE GEORGIA FINANCIAL SERVICES POPULAR ANNUAL FINANCIAL REPORT FISCAL YEAR ENDED JUNE 30, 2021 QUICK CONTACT GUIDE FOR CITIZENS EMERGENCY SERVICE 911 Allen Creek Soccer Complex ...............................................................................................678-450-6515 Animal Control ..........................................................................................................................770-531-6830 Alta Vista Cemetery ...............................................................................................................770-535-6883 Chattahoochee Golf Course ..............................................................................................770-532-0066 City Engineer ............................................................................................................................770-535-6882 City Manager’s Office ............................................................................................................770-535-6865 City Marshal ...............................................................................................................................770-535-6861 Code Enforcement ..................................................................................................................770-531-6570 WeGo ...........................................................................................................................................770-503-3333 Fire Department (non-emergency) ..................................................................................770-534-7193 Frances Meadows Aquatic Center ...................................................................................770-533-5850 Gainesville Civic Center .........................................................................................................770-531-2680 Housing & Neighborhood Development .........................................................................770-531-2693 Human Resources ...................................................................................................................770-535-6887 Inspection Services .................................................................................................................770-531-6570 Lanier Point Softball Complex ...........................................................................................770-287-0208 Lee Gilmer Memorial Airport ..............................................................................................770-535-6882 Main Street Gainesville..............................................................................................................770-297-1141 Mayor & Council .......................................................................................................................770-535-6865 Meals on Wheels .....................................................................................................................770-503-3330 Multi-Agency Narcotics Squad ...........................................................................................770-531-6878 Municipal Court .........................................................................................................................770-531-2668 Occupation Tax (Business License) .................................................................................770-533-5842 Planning and Zoning ...............................................................................................................770-531-6570 Police Department (non-emergency) .............................................................................770-534-5252 Property Tax ...............................................................................................................................770-297-5472 Purchasing & Bid Opportunities ........................................................................................770-535-6873 Senior Life Center ...................................................................................................................770-503-3336 Solid Waste (Garbage/Recycling Pick-up) ...................................................................770-532-0493 Tourism .........................................................................................................................................770-531-2664 Water Department Customer Service ............................................................................770-535-6878 Water Problems (After Hours Emergency) ..................................................................770-535-6877 TABLE OF CONTENTS Our Guiding Principles ..................................................................................................4 Report to the Citizens of Gainesville ......................................................................5 City Awards ........................................................................................................................6 Gainesville Mayor and City Council .....................................................................7-8 City Administration .........................................................................................................9 City of Gainesville at a Glance .............................................................................10-11 Structure of your Government ..................................................................................12 Financial Information ..............................................................................................13-21 What to look forward to in Fiscal Year 2022 ..............................................22-23 OUR GUIDING PRINCIPLES Vision Gainesville is committed to being an innovative city, providing a close-knit com- munity feel in which to live, work, learn and play. City of Gainesville’s Mission To enrich the community of Gainesville by practicing good stewardship of re- sources and providing innovative and exemplary services for all people. To accomplish our mission we will: •Maintain the attitude of “Do more with less / efficiency first” •Be exemplary in our service quality, low expenditures, and effectiveness •Continue to revitalize the Midtown area to further the close-knit community feel •Be innovative in our economic development, to stimulate local economy •Be accountable to citizens and each other for our actions •Uphold the highest professional and ethical standards 4 REPORT TO THE CITIZENS OF GAINESVILLE As part of our commitment to provide our citizens information about their city, we are pleased to present this Citizen’s Report, also referred to as the Popular Annual Financial Report (PAFR) for the City of Gainesville’s fiscal year ended June 30, 2021. The goal of this report is to provide highlighted information about your city’s organi- zational structure, government operations, financial condition, and services offered in an uncomplicated and understandable format. The financial information contained in this document has been extracted from the City’s Annual Comprehensive Financial Report (ACFR). The ACFR received a favor- able opinion from the City’s independent auditors, Rushton & Co., LLC, confirming that the financial statements are presented in conformity with Generally Accepted Accounting Principles (GAAP). City funds, which are presented within this document are abbreviated and condensed; however, an audited detail of the City’s finances may be found in the City’s ACFR. You may obtain a copy of the ACFR on our city website at https://www.gainesville.org/191/Financial-Services. The Government Finance Officers Association of the United States and Canada (GFOA) has given an Award for Outstanding Achievement in Popular Annual Finan- cial Reporting to the City of Gainesville for its Popular Annual Financial Report for the fiscal year ended June 30, 2020. The Award for Outstanding Achievement in Popular Annual Financial Reporting is a prestigious national award recognizing conformance with the highest standards for preparation of state and local government popular reports. In order to receive an Award for Outstanding Achievement in Popular Annual Finan- cial Reporting, a government unit must publish a Popular Annual Financial Report, whose contents conform to program standards of creativity, presentation, under- standability, and reader appeal. An Award for Outstanding Achievement in Popular Financial Reporting is valid for a period of one year only. The City received a Popular Award last year for the fiscal year ended 2020. We believe our current report contin- ues to conform to the Popular Annual Financial Reporting requirements, and we are submitting it to GFOA. The City of Gainesville is committed to providing excellent service in a cost effective, efficient manner guided by and aligned with our organizational values. Thank you for taking time to read our Citizens Report. 5 CITY AWARDS The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Gainesville for its Annual Comprehensive Financial Report (ACFR) for the fiscal year end- ed June 30, 2020. This was the twenty-eighth consecutive year that the government has achieved this prestigious award. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized ACFR, conforming to program standards and satisfying both Generally Accepted Accounting Principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. We believe that our current Annual Comprehensive report continues to meet the Certificate of Achievement Program’s requirements and we are submitting it to the GFOA to determine its eligibility for another certificate. The Government Finance Officers Association presented a Distinguished Budget Presen- tation Award to the City of Gainesville for its annual budget for the fiscal year beginning July 1, 2020. This was the twenty-eighth year the City achieved this eminent award. In or- der to receive this honor, a governmental unit must publish a budget document that meets program criteria as a policy document, as an operations guide, as a financial plan, and as a communication device. A Distinguished Budget Presentation Award is valid for a period of one year only. We believe our current budget continues to conform to the standards of the Distinguished Budget Presentation Award Program’s requirements, and we are submitting it to GFOA to determine its eligibility for another award. The Government Finance Officers Association presented an Award for Outstanding Achieve- ment in Popular Annual Financial Reporting (PAFR) to the City of Gainesville for it’s PAFR submitted for the fiscal year ended June 30, 2020. This was the seventh year the govern- ment achieved this esteemed award. The PAFR award was established to encourage gov- ernments to produce a high quality report based on ACFR information that would be easily understandable to the general public and other interested parties without a background in public finance. The Popular Annual Financial Reporting Award is valid for a period of one year only. We believe our current PAFR continues to conform to program requirements and we are submitting it to GFOA to determine its eligibility for another award. 6 GAINESVILLE MAYOR AND CITY COUNCIL Mayor C. Danny Dunagan, Jr. 770-718-7877 DDunagan@gainesvillega.gov Ward 3 Barbara Brooks 678-858-0305 BBrooks@gainesvillega.gov Ward 4 George Wangemann 770-561-3060 GWangemann@gainesvillega.gov Ward 1 Sam Couvillon 706-247-3237 SCouvillon@gainesvillega.gov Ward 5 Juli Clay 770-532-7207 JClay@gainesvillega.gov Ward 2 Zach Thompson 770-534-0041 ZThompson@gainesvillega.gov 7 GAINESVILLE MAYOR AND CITY COUNCIL The Governing Body consists of five members and a mayor elected citywide to serve four-year terms. The Mayor and Council meet the first and third Tuesday of each month at 5:30pm in the Municipal Court- room located in the Gainesville Justice Center at 701 Queen City Park- way, SW. Each meeting schedule is posted on the city web site at www. gainesville.org. Meetings are open to the public. If you wish to appear before the Mayor and Council, write to the City Clerk, City of Gaines- ville, Post Office Box 2496, Gainesville, Georgia 30503, email clerk@ gainesvillega.gov, or call 770-535-6862. City Council meetings may be viewed any time at www.gainesville.org. 8 CITY ADMINISTRATION Bryan Lackey City Manager 300 Henry Ward Way Gainesville, Georgia 30501 770-535-6865 BLackey@gainesvillega.gov Chartered in 1821, the City of Gainesville operates under a council / manag- er form of government. Under this system, the Mayor and Council are the policy-making body; they determine the services the City will provide, levy taxes, and enact legislation to formalize the services and policies they have established. The City Manager is appointed by the Mayor and Council as the Chief Executive Officer and is responsible for implementing the services and policies adopted by the Mayor and Council. The City Manager recom- mends the annual budget and work program and advises the Mayor and Council on policy and legislative matters. Angela Sheppard Assistant City Manager 300 Henry Ward Way Gainesville, Georgia 30501 770-535-6865 ASheppard@gainesvillega.gov Administrative Services Janeann Allison 770-535-6887 Jallison@gainesvillega.gov Chief Financial Officer Jeremy Perry 770-535-6898 JPerry@gainesvillega.gov Chattahoochee Golf Course Rodger Hogan 770-532-0066 RHogan@gainesvillega.gov City Clerk Denise Jordan 770-535-6865 DJordan@gainesvillega.gov Communications and Tourism Robyn Lynch 770-297-5499 RLynch@gainesvillega.gov Community Development Rusty Ligon 770-531-6570 RLigon@gainesvillega.gov Community Service Center Phillippa Lewis Moss 770-503-3330 PMoss@gainesvillega.gov Fire Jerome Yarbrough 770-534-3612 JYarbrough@gainesvillega.gov Parks and Recreation Kate Mattison 770-531-2680 KMattison@gainesvllega.gov Police Jay Parrish 770-535-5625 JParrish@gainesvillega.gov Public Works Chris Rotalsky 770-535-6882 CRotalsky@gainesvillega.gov Water Resources Linda MacGregor 770-538-2400 LMacgregor@gainesvillega.gov Information Technology Jonathan Reich 770-535-6868 JReich@gainesvillega.gov Department Directors 9 AT A GLANCE 42,296Population 2020 Estimate Population(daytime)150,000 Square Miles 35.07 Number of Parks 21 Total City Budget (FY 2021 All Funds) $161M Median Age (2019) 31.5 Sworn Officers 103 Median Home Price (2021) $320,000 2021 Millage Rate (Tax on 100% assessed value) 3.656 Officers per 1,000 Citizens 0.411 Median Household Income (2019) $51,520547 Total Full-Time Equivalent Approved Positions 638 Acres of Parks 10 AT A GLANCE Major Employers (Hall County-Gainesville MSA) Northeast Georgia Medical Center ................................................9,239 Gold Creek Foods ................................................................................3,035 Kubota Manufacturing of America ................................................2,535 Fieldale Farms Corporation..............................................................2,370 Pilgrim’s Pride .........................................................................................1,760 Fox Factory .............................................................................................1,300 Mar-Jac ......................................................................................................1,280 ZF Gainesville, LLC ..............................................................................1,200 Cottrell, Inc. .............................................................................................1,100 Mars Wrigley .............................................................................................950 11 STRUCTURE OF YOUR GOVERNMENT 12 FINANCIAL INFORMATION Financial Review of Fiscal Year 2021 This section gives information on the City of Gainesville’s financial health and stability. It should leave you with an increased understanding of how available resources are being utilized to provide services. The ta- bles and charts that follow depict the sources of revenue and expenditures on a fund level basis of account- ing. These highlights are based upon the City’s Annual Comprehensive Financial Report (ACFR) which is a more inclusive, audited document. Property taxes are allocated into several governmental service areas. For every one dollar you pay in property tax, five cents goes toward general government operations, such as road maintenance. Twelve cents goes to- wards fire service operations. Five cents of that dollar is put toward paying off debt that was issued for major capital projects, such as the Frances Meadows Aquatic Center and new Public Safety Facilities. Nine cents of every dollar is used for parks and recreational programs and operations. Five cents of that dollar goes toward police services. The remaining sixty-four cents goes to the Gainesville City School’s operations. Tax Year2011 Tax Year2012 Tax Year2013 Tax Year2014 Tax Year2015 Tax Year2016 Tax Year2017 Tax Year2018 Tax Year2019 Tax Year2020 Tax Year2021 General Government 1.690 1.770 1.770 1.750 1.630 1.630 1.545 0.795 0.771 0.730 0.500 Fire Services 0.000 0.000 0.000 0.000 0.000 0.000 0.000 1.250 1.250 1.250 1.250 Parks and Recreation 0.750 0.790 0.790 0.780 0.750 0.750 0.750 0.750 0.750 0.750 0.896 Police Services 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.500 Debt Service 0.480 0.500 0.500 0.490 0.600 0.600 0.569 0.569 0.551 0.510 0.510 Gainesville City Schools 7.390 7.590 7.590 7.480 6.890 6.850 6.850 6.850 6.614 6.614 6.395 0.000 1.000 2.000 3.000 4.000 5.000 6.000 7.000 8.000 Mil l a g e R a t e s Millage Rates for Tax Years 2011 - 2021 Property Tax Allocation 13 FINANCIAL INFORMATION Financial Review of Fiscal Year 2021 Governmental Funds (Revenues) Activities generally financed through taxes, intergovernmental revenues, and other non-exchange revenues are generally reported in governmental funds. Core services, including police and fire protection, public works, judicial, and Senior Center, as well as general administrative support are all services the City provides. 2021 2020 2019 2021 2020 2019 Revenues: Property Taxes 5,751,288$ 4,913,227$ 5,214,420$ 9,967,531$ 9,365,645$ 7,598,934$ Sales Taxes 7,989,750 6,527,792 6,235,875 - - - Other Taxes 10,222,002 9,966,290 9,700,248 1,295,305 1,191,436 1,114,012 Licenses and Permits 1,141,400 920,559 1,192,531 - - - Charges for Services 3,023,537 2,950,408 2,771,075 2,050,062 1,605,612 1,490,995 Impact Fees - - - 1,361,137 1,068,955 1,075,030 Fines and Forfeitures 1,244,214 1,066,369 1,270,227 193,301 144,881 470,209 Intergovernmental 2,274,450 387,371 404,061 14,186,077 9,293,893 2,737,206 Other Revenues 527,332 1,006,215 1,010,236 (4,540,359) 630,733 7,523,633 Subtotal 32,173,973 27,738,231 27,798,673 24,513,054 23,301,155 22,010,019 Other Financing Sources (Uses)(6,657,992) (2,492,471) (6,011,281) 8,965,882 7,469,781 14,627,451 Total Revenues and Resources 25,515,981$ 25,245,760$ 21,787,392$ 33,478,936$ 30,770,936$ 36,637,470$ General Fund Other Governmental Funds * The tables and charts shown are presented on a fund level basis of accounting. $15,718,819 $7,989,750 $11,517,307 $1,141,400 $5,073,599 $1,361,137 $1,437,515 $16,460,527 $(4,013,027) $2,307,890 $(5,000,000) $- $5,000,000 $10,000,000 $15,000,000 $20,000,000 Property Taxes Sales Taxes Other Taxes Licenses and Permits Charges for Services Impact Fees Fines and Forfeitures Intergovernmental Other Revenues Other Financing Sources (Uses) 14 FINANCIAL INFORMATION Financial Review of Fiscal Year 2021 Component Unit (Revenues) A Component Unit is defined as a legally separate organization for which the elected officials of the primary government are financially accountable. The City currently has two component units, Parks & Recreation and the Convention and Visitor’s Bureau. $4,177,050 $775,815 $1,374,158 $200,000 $793,965 $10,315 $- $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 Property Taxes Other Taxes Charges for Services Intergovernmental Other Revenues Other Financing Sources (Uses) 2021 2020 2019 2021 2020 2019 Revenues: Property Taxes 4,177,050$ 3,855,948$ 3,589,199$ -$-$-$ Sales Taxes - - - - -- Other Taxes - - - 775,815 700,956 764,162 Licenses and Permits - -- - - - Charges for Services 1,335,655 1,142,893 1,825,378 38,503 60,754 10,667 Impact Fees - - - - - - Fines and Forfeitures - - - - - - Intergovernmental 200,000 2,750,000 626,120 - - - Other Revenues 443,300 185,714 96,404 350,665 471,662 32,155 Subtotal 6,156,005 7,934,555 6,137,101 1,164,983 1,233,372 806,984 Other Financing Sources (Uses)10,315 49 209,401 - - - Total Revenues and Resources 6,166,320$ 7,934,604$ 6,346,502$ 1,164,983$ 1,233,372$ 806,984$ Parks and Recreation Convention and Visitor's Bureau 15 $5,592,696 $599,394 $18,928,273 $5,312,540 $4,437,077 $503,214 $4,239,575 $3,342,970 $11,664,812 $- $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000 $18,000,000 $20,000,000 General Government Judicial Public Safety Public Works Health and Welfare Culture and Recreation Housing and Development Debt Service Capital Outlay Governmental Funds (Expenditures) 2021 2020 2019 2021 2020 2019 Expenditures: General Government 5,586,398$ 4,950,539$ 5,060,187$ 6,298$ 108,520$ 180,766$ Judicial 599,394 603,102 536,900 - 1,188 - Public Safety 10,011,333 9,865,202 9,417,675 8,916,940 10,491,970 9,003,132 Public Works 5,198,260 4,891,531 4,783,471 114,280 31,878 4,275 Health and Welfare 12,500 15,000 19,500 4,424,577 3,314,651 2,834,079 Culture and Recreation 346,350 94,855 - 156,864 2,560,518 626,120 Housing and Development 1,992,565 1,740,880 1,525,495 2,247,010 2,084,175 1,400,632 Debt Service - - - 3,342,970 2,416,011 2,807,107 Capital Outlay - - - 11,664,812 12,806,208 10,543,374 Total Expenditures 23,746,800 22,161,109 21,343,228 30,873,751 33,815,119 27,399,485 Excess (deficiency) of Revenues and other Financing Sources over (under) Expenditures and Other Financing Uses 1,769,181 3,084,651 444,164 2,605,185 (3,044,183) 9,237,985 Beginning Fund Balances 16,793,226 13,708,575 13,264,411 41,260,660 44,304,843 35,066,858 Ending Fund Balances 18,562,407$ 16,793,226$ 13,708,575$ 43,865,845$ 41,260,660$ 44,304,843$ General Fund Other Governmental Funds For Fiscal Year 2019, the decrease in the expenditure category, General Government, within the General Fund, was at- tributed to the creation of the Fire Services Fund and the transfers related. * The tables and charts shown are presented on a fund level basis of accounting. FINANCIAL INFORMATION Financial Review of Fiscal Year 2021 16 Component Unit (Expenditures) $5,354,992 $1,388,613 $43,356 $- $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 Culture and Recreation Housing and Development Capital Outlay 2021 2020 2019 2021 2020 2019 Expenditures: General Government -$ -$-$ -$-$ -$ Judicial - - - - - - Public Safety - - - - - - Public Works - - - - - - Health and Welfare - - - - - - Culture and Recreation 5,354,992 4,745,367 4,764,061 - - - Housing and Development - - - 1,388,613 1,062,906 575,904 Debt Service - - - - - - Capital Outlay 43,356 3,111,427 549,636 - - - Total Expenditures 5,398,348 7,856,794 5,313,697 1,388,613 1,062,906 575,904 Excess (deficiency) of Revenues and other Financing Sources over (under) Expenditures and Other Financing Uses 767,972 77,810 1,032,805 (223,630) 170,466 231,080 Beginning Fund Balances 3,618,800 3,540,990 2,508,185 810,643 640,177 409,097 Ending Fund Balances 4,386,772$ 3,618,800$ 3,540,990$ 587,013$ 810,643$ 640,177$ Parks and Recreation Convention and Visitor's Bureau FINANCIAL INFORMATION Financial Review of Fiscal Year 2021 17 FINANCIAL INFORMATION PROPRIETARY FUNDS Proprietary (Enterprise) A proprietary (enterprise) fund is established to account for operations financed and operated in a manner similar to private business enterprise. The City currently operates one major proprietary fund, the Department of Water Resources Fund. Primary revenues from this fund include charges for water and sewer use to City customers, as well as Hall County customers who are connected to the City’s water and sewer lines. Expenses for this fund include the cost to maintain the City’s water and sewer infrastructure, meet existing debt service requirements, future capital needs, and the cost to administer the system. The City also operates non-major enterprise funds, which includes the Airport fund, Solid Waste fund, and Golf Course fund. 2021 2020 2019 2021 2020 2019 Operating Revenue: Charges for sales and services 76,119,056$ 73,915,527$ 74,135,037$ 5,025,839$ 5,110,779$ 5,004,050$ Other 144,006 120,604 64,161 53,726 37,906 22,059 Total operating revenues 76,263,062 74,036,131 74,199,198 5,079,565 5,148,685 5,026,109 Non-operating Revenues: Interest revenue 1,910,906 3,410,956 3,529,834 37,380 110,594 133,313 Intergovernmental - - - 410,880 - - Gain on sale of capital assets - 4,681 - 123,147 10,491 53,525 Contributions 13,047,753 10,165,917 8,488,382 - 313,383 1,860,305 Transfers In 780,702 - - 1,279,082 473,440 404,562 Total non-operating revenues 15,739,361 13,581,554 12,018,216 1,850,489 907,908 2,451,705 Total Revenues 92,002,423 87,617,685 86,217,414 6,930,054 6,056,593 7,477,814 Operating Expenses: Cost of sales and services 25,070,087 22,997,951 22,379,999 2,093,668 2,207,151 1,945,579 Personal services 11,730,999 13,546,093 13,934,033 2,047,273 1,992,499 1,912,120 Depreciation 16,517,130 15,794,316 15,334,337 1,255,743 1,438,740 1,418,677 Total operating expenses 53,318,216 52,338,360 51,648,369 5,396,684 5,638,390 5,276,376 Non-operating Expenses: Interest Expense 2,484,150 2,901,603 3,332,805 46,512 61,109 83,681 Distribution of capital asset 19,617 - - - - - Loss on sale of capital assets 41,649 - 78,521 - - - Transfers out 3,540,590 3,300,483 3,982,082 - 335,000 - Total non-operating expenses 6,086,006 6,202,086 7,393,408 46,512 396,109 83,681 Total Expenses 59,404,222 58,540,446 59,041,777 5,443,196 6,034,499 5,360,057 Excess (deficiency) of revenues over (under) expenses 32,598,201 29,077,239 27,175,637 1,486,858 22,094 2,117,757 Beginning Net Position 488,994,659 459,917,420 432,741,783 13,905,179 13,883,085 11,765,328 Prior period adjustment - - - - - - Beginning Net Position (restated)488,994,659 459,917,420 432,741,783 13,905,179 13,883,085 11,765,328 Ending Net Position 521,592,860$ 488,994,659$ 459,917,420$ 15,392,037$ 13,905,179$ 13,883,085$ Department of Water Resources Fund Non-Major Enterprise Funds 18 FINANCIAL INFORMATION STATEMENT OF NET POSITION The following table is depicted using the Generally Accepted Accounting Principles (GAAP) to show the overall health of the City’s finances as a whole. The Statement of Net Position reflects a strong net financial position for the City as of June 30, 2021. The City’s assets and deferred outflow of resources exceeded its liabilities and deferred inflow of resources at June 30, 2021, by $671.7 million (reported as net position). Of this amount, $26.5 million (reported as unrestricted net position in Governmental and Business-Type activi- ties) may be used to meet the City’s ongoing obligations. The City recognized growth in Net Investment in Capital Assets, Restricted Net Position and Unrestricted Net Position. Overall the City’s fiscal health remains sound. Detailed financial information, can be found in the City’s Annual Comprehensive Financial Report. Statement of Net Position as of June 30, 2021: Governmental Activities Business-Type Activites Component Units Total 2021 Total 2020 Current assets $77,161,953 $155,998,162 $5,562,694 $238,722,809 $215,116,618 Noncurrent assets 115,600,209 502,976,630 14,752,065 633,328,904 622,221,886 Total Assets 192,762,162 658,974,792 20,314,759 872,051,713 837,338,504 Deferred outflows of resources 8,234,518 4,772,863 1,162,776 14,170,157 12,892,483 Current liabilities 15,637,667 34,411,712 582,174 50,631,553 37,348,161 Noncurrent liabilities 51,843,718 80,614,008 2,993,400 135,451,126 175,484,617 Total Liabilities 67,481,385 115,025,720 3,575,574 186,082,679 212,832,778 Deferred inflows of resources 16,425,177 11,143,376 779,021 28,347,574 11,773,456 Net Position: Net investment in capital assets 96,131,153 425,024,543 14,752,065 535,907,761 507,007,022 Restricted 27,732,529 81,518,990 50,430 109,301,949 99,302,443 Unrestricted (6,773,564)31,035,026 2,320,445 26,581,907 19,315,288 Total Net Position $117,090,118 $537,578,559 $17,122,940 $671,791,617 $625,624,753 19 FINANCIAL INFORMATION STATEMENT OF CHANGES IN NET POSITION The table below is a condensed version of the government-wide Statement of Activities found in the City’s Annual Comprehensive Financial Report (ACFR) and uses the Generally Accepted Ac- counting Principles (GAAP) to show the overall health of the City’s finances as a whole. The City’s Statement of Changes in Net Position reflects all the financial activity for the City during the fiscal year ended June 30, 2021. This statement presents information to show how the City’s net position changed during the year as a result of financial activity (i.e. revenues and expenses). This is an abbreviated version of the more detailed statement found in the City’s complete ACFR. This statement includes component unit revenue and expenses. Business Type Activities 2021 2020 2021 Revenues Program revenues: Charges for services $4,660,409 $3,845,566 $81,144,895 Operating grants and contributions $6,209,389 $3,306,440 $410,880 Capital grants and contributions $11,833,470 $8,054,209 $13,047,753 General revenues: Property taxes $15,778,590 $14,321,981 $0 Sales tax $7,670,332 $6,847,210 $0 Other taxes $11,517,307 $11,157,726 $0 Miscellaneous revenue ($3,904,234) $1,749,788 $2,227,515 Total revenues $53,765,263 $49,282,920 $96,831,043 Expenses General government $7,647,641 $7,171,633 $0 Judicial $556,743 $617,082 $0 Public safety $17,735,745 $20,338,623 $0 Public works $9,727,865 $7,973,739 $0 Health and welfare $3,137,292 $2,649,162 $0 Culture and recreation $1,957,824 $3,622,553 $0 Housing and development $4,264,670 $4,162,912 $0 Interest on long-term debt $589,483 $688,833 $0 Water and sewer $0 $0 $55,179,212 Airport $0 $0 $890,229 Solid waste $0 $0 $2,866,847 Golf course $0 $0 $1,330,107 Total expenses $45,617,263 $47,224,537 $60,266,395 Indirect Cost Allocation $1,646,319 $1,643,584 ($1,646,319) Change in net position before transfers and special item $9,794,319 $3,701,967 $34,918,329 Special item $0 $0 $0 Transfers $1,500,423 $3,162,043 ($1,500,423) Change in net position $11,294,742 $6,864,010 $33,417,906 Net position - beginning $105,795,376 $98,931,366 $504,160,653 Prior period adjustment $0 $0 $0 Net position - beginning (restated)$105,795,376 $98,931,366 $504,160,653 Net position - ending $117,090,118 $105,795,376 $537,578,559 Governmental Activities 20 The table below is a condensed version of the government-wide Statement of Activities found in the City’s Annual Comprehensive Financial Report (ACFR) and uses the Generally Accepted Ac- counting Principles (GAAP) to show the overall health of the City’s finances as a whole. The City’s Statement of Changes in Net Position reflects all the financial activity for the City during the fiscal year ended June 30, 2021. This statement presents information to show how the City’s net position changed during the year as a result of financial activity (i.e. revenues and expenses). This is an abbreviated version of the more detailed statement found in the City’s complete ACFR. This statement includes component unit revenue and expenses. Business Type Activities 2020 2021 2020 2021 2020 $79,026,306 $1,401,362 $1,231,551 $87,206,666 $84,103,423 $0 $1,462,641 $3,632,079 $8,082,910 $6,938,519 $10,479,300 $497,088 $1,699,315 $25,378,311 $20,232,824 $0 $4,194,167 $3,862,929 $19,972,757 $18,184,910 $0 $0 $0 $7,670,332 $6,847,210 $0 $0 $0 $11,517,307 $11,157,726 $3,695,232 $977,625 $820,163 ($699,094) $6,265,183 $93,200,838 $8,532,883 $11,246,037 $159,129,189 $153,729,795 $0 $0 $0 $7,647,641 $7,171,633 $0 $0 $0 $556,743 $617,082 $0 $0 $0 $17,735,745 $20,338,623 $0 $0 $0 $9,727,865 $7,973,739 $0 $0 $0 $3,137,292 $2,649,162 $0 $5,628,570 $5,316,808 $7,586,394 $8,939,361 $0 $1,450,097 $1,198,780 $5,714,767 $5,361,692 $0 $0 $0 $589,483 $688,833 $54,010,857 $0 $0 $55,179,212 $54,010,857 $1,103,436 $0 $0 $890,229 $1,103,436 $2,852,637 $0 $0 $2,866,847 $2,852,637 $1,387,413 $0 $0 $1,330,107 $1,387,413 $59,354,343 $7,078,667 $6,515,588 $112,962,325 $113,094,468 ($1,643,584)$0 $0 $0 $0 $32,202,911 $1,454,216 $4,730,449 $46,166,864 $40,635,327 $0 $0 $0 $0 $0 ($3,162,043)$0 $0 $0 $0 $29,040,868 $1,454,216 $4,730,449 $46,166,864 $40,635,327 $475,119,785 $15,668,724 $10,938,275 $625,624,753 $584,989,426 $0 $0 $0 $0 $0 $475,119,785 $15,668,724 $10,938,275 $625,624,753 $584,989,426 $504,160,653 $17,122,940 $15,668,724 $671,791,617 $625,624,753 Component Unit Activities Total 21 What to look forward to in Fiscal Year 2022... Solis The City is excited to see the first phase of the two-phase Solis Community near com- pletion. The first phase of Solis Gainesville on the City View site will be a 220-unit mixed use development featuring approxi- mately 10,000 sqft of retail space. Further, the proposed development will feature park and civic space connecting to the ex- isting pedestrian bridge and the Highlands to Islands trail system. This will not only activate the bridge but serve to further en- gage and connect the Gainesville Commu- nity as a whole. The second phase of So- lis Gainesville (on a different site) will be a continuation of what we have curated with slightly larger units, totaling a 180-unit mixed use development featuring approxi- mately 5,000 sqft of retail space. Community and Economic Development With a coordinated effort between City departments and private part- nerships, the City of Gainesville continues to see new development. Library Parking Deck The City of Gainesville and Hall Coun- ty have partnered to plan and develop a new downtown parking deck near the Hall County Library’s main branch. The near- ly completed parking deck will provide parking opportunities to City and County residents to more easily access and enjoy downtown Gainesville. The new parking deck will also enhance the local economy through growth in small businesses in and around downtown Gainesville and provide an increased desire to live or work near downtown Gainesville. 22 Gainesville Renaissance Aligning with the goals of the Renaissance Strategic Vision and Plan, a new mixed-use development project is currently under con- struction in the downtown area. The project, dubbed “Gainesville Renaissance”, plans to include 20,000 square feet of retail, 20,000 square feet of office space, along with eight luxury condominiums. The Gainesville Re- naissance project will incorporate a pocket park as part of the development. The proj- ect will include direct access to the Down- town Square and convenient access to the Highlands to Islands trail system. Access to more retail and office space will enhance the Downtown area’s appeal and provide more shopping and entertainment outlets to surrounding residents. What to look forward to in Fiscal Year 2022... The National The development will include a 132 room Courtyard by Marriott Hotel, a 143 unit apartment complex, convention space, outdoor plaza, and dining areas, similar to the Avalon development in Alpharetta. The development is estimated to be com- pleted by early 2023. Bourbon Brothers Bourbon Brothers Smokehouse and Tavern, Boot Barn Hall, and Buttermilk are opening their second location in the heart of Down- town Gainesville. The Smokehouse and Tav- ern offer a southern-inspired menu along with a selection of over 130 rare bourbons, ryes, and whiskies. Boot Barn Hall will be a 15,000 square feet music, convention, and event hall. They plan to be open by late 2022. 23 STAY CONNECTED Stay connected with the City of Gainesville on social media. You can stay informed of Gainesville events, news, and local issues in a variety of ways. Pick the one that works best for you. @GainesvilleGeorgiaGovernment @DowntownGainesvilleGA @ExploreGainesvilleGA @GainesvillePoliceGeorgia @GainesvilleGeorgiaFire @GainesvilleH2O @GainesvilleParkandRec @GainesvilleCVB @COGPolice @GainesvilleH20 @GainesvilleRec @DowntownGainesvilleGA @ExploreGainesvilleGA @GainesvillePD @GainesvilleFireDepartment @GainesvilleParksandRec www.gainesville.org