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6.1 B - Attachment No. 2 FINANCIAL ACTIVITIES OF THE AGENCY AS A WHOLE This analysis focuses on the net assets and changes in net assets of the Agency's Governmental Activities in the Agency-wide Statement of Net Assets and Statement of Activities that follow. Redevelopment Agency's Net Assets(in Millions) 2009 2008 Variance Cash and investrnents $ 15.522 $ 12.005 29.296% Other assets 11.089 11.119 -0.270% Capital assets 20.389 20.493 -0.507% Total assets 47.000 43.617 7.756% Long-term debt outstanding 46.303 46.210 0.201% Other liabilities 4.659 5.002 -6.857% Total liabilities 50.962 51.212 -0.488% Net assets: Invested in capital assets, net of debt (14.516) (14.485) -0.214% Restricted 20.883 17.077 22.287% Unrestricted Other unrestricted net assets (10.329) (10.18� -1.394% Total net assets ($ 3.962) ($ 7.595) 47.834% The Agency's cash and investments increased 29.3% as the Agency's tax increment revenue increased. The Agency's net assets from governmental activities increased 47.8% to net assets of $(3.962) million in 2009 from net assets of $(7.595) million in 2008. This increase resulted primarily from the aforementioned increase in tax increment revenue. Changes in Redevelopment Agency's Net Assets(in Millions) _ 2009 2008 Variance Revenues General revenues,Transfers and Contributions: Tax increments $ 12.672 $ 10.904 16.214% Investrnent earnings 0.439 0.737 -40.434% Other 0.190 0.106 79.245% Contribution to other City funds Transfer from(to)other City funds 0.017 (21.462) -100.079% Total revenues 13.318 (9.715) -237.087% Expenses Community development 7.353 6.078 20.977% Interest on long term debt 2.332 2.384 -2.181% Total expenses 9.685 8.462 14.453% Change in net assets 3.633 (18.17� 119.987% Net assets-July 1 (7.595) 10.582 -171.773% Net assets-June 30 ($ 3.962) ($ 7.595) 47.834% 5