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. ", ! < MANAGEMENT'S DISCUSSION AND. ANAL\:Srs...' '. '! . . ..... ..' . ... .~..... . .. Charges for services were $.7 million..:more than budgeted primarily ~ue to. plan checking and plaiming servi~ . . revenue related to unanticipat~d- increases in construction. activity,:along with unanticipated increases.in recreation .. program fees... :. ..:'.. ':. ... . Expendit~re~,. overali~ were.; $3.5: million. I~~s than. b~dgeted primarily due to. 'an .unspent: :appropriatio~. of $1.3: million for the City's Gene~al Plan which is encumbered as of: June 30~ 2008.: . : ... . CAPITAL ASSETS AND DEBT.ADMINISTRATION. :. . :.:; C~pital-As8~t~.... At the ..e~d, of: FY: 2007/08,. the::City had. $377.3 million, net of dep~eciation.: invested ..i.n. a broad range capital assets used in governmental. and b\Jsiness.;typc.:activities, as shown in the table -below. . Additional ..:: '.information on the City's capi.tal assetsc~nbeJound in Note 4 and Note 16'ofthisreport.: .. . .' . . . .':" . . .... .. . . (:apitai:Assets ~t Year-ertd (in Millions) .. Land. . . . Streets Construction in progress B ui.lcii"n gs . . . Eqwpmen~;: . Improvements.i . .:. Harbor improvem.erits · Parks, bridges. etc. . Traffic signals. ., . , ,Stonn.drains. ..: .. .: Less accum,ulate4depredation Governnienurl. .: ..::....~.._... .~.~~.~fi.~ es . 2008 2007 .: $: ' $ 29.304 29.304. :99.439." :75.745 .; f. 29.133. . 70-.s33~ . .:62:661 : . ; "57.445 .:19.666 :: 16.693 .: '13.705 7.731 Business-Type :'. Activities ;. .... ."20.OS '.-'----;--:20.07-. .... . $. ..., ./ $ .3.448 .; 3.448 , . , . .42:012. 53.802 1.390-:. . . :'101.537: . 3-.440 .47.690 10.915 ; 1366 ..81..750 .3.305 .: 26356 ..: 21.609 2.452 . 2.452. ..8370.. 8:131:.: : (7,7 .054) (69~762)" (42.398). (39.736) : Total capiud:a.ssets :.: 2008~ s. 32.752 .. :99.439 . ;7"1.145 116~463 : . 21.056 .. :115142. 3.440 76.356 .: ::2.452 . 8.370 n 19.452) T ataI ..~~_._.., ..........M.M ~~ 2007 $ 32.752 " 75.,745 J:l8.223 68.360 . .18.059 89.481 3".305 . 2]:.609 2.452 . :: . .8 .131; . (]09.498) Variance. . 0.000% . 3'1.281 % . . . -39.821:% :. 70.367% . 16.5.96.% 28.789%: . 4.085% .21.968% 0.000% . ,2939%. 9.091 % : 214.032 :..219.881. 163,231.. Jfr8.738 377163 328.619. 14.803% :.Gov~rnnie~tal Activities .":. .:.!. .. .. . . .,:. ..;.. . . '..;The. substantiaJ:(59%) dec~e.jn Construction in Progress .is drlvenby: the.c.ompletkm of construction projects.in connection:. with dm.vntoVt'D .revitaIi7..ation efforts which ;translated .into increases in building and improvements, the ' .; completion. of street improvements related to Redwood' Shores,' ~nd t~e. .completion of the underground. parking garage, which was subsequently tran.sferreq to the parking enterprise fLind. . Equipment in.creased primarily due to". . . the completion of the police .voice radio and CAD systems.. Parks increased.diJe to the complet.ion of artificial. turf .; . pJayjields funde!d by the waterutilityente,q;rise fund,. and subseq~entIy transferred to. governmental activities; . . . ". . . .... Business~.Typi.Activitjes. , ..., : ..: ~. :. , ... . . . . .. . ... : . . .. , The $5.7 million. decrease: .in COll:struction in. Progress res:ulted .pIjmarily from the recycled" water project with the . completion; of the :recyded..water. :plantand s.ubsequent addition to buildings of $19.6 million. Buildings' also increased due to the trarisfer;of the $21.4millio.n uildergrOlind parking garage .into the:parking enterprise fund. Equipment increased primarily due. to. 'the':. purchase of new.:.parking meters.. for" downtown. The i increase. in i'mprovements was related to.the sewer system replacement.. ." Long~ Tenn. Debt - lssues..descri~d in detail iil Notes: 6; and 7 to: Finan.cial Stat~ments.. .. . .. . .... .. . :;;} 1 ... ... ~! :.