Management’s Discussion and Analysis

(In thousands)

2) Proprietary funds account for activities similar to for-profit enterprises, where the determination of net income is necessary for sound financial administration. Proprietary funds include enterprise and internal service funds. Enterprise funds report activities that provide supplies or services to the general public; internal service funds report activities that provide supplies or services to other funds or departments of the primary government. Internal service funds are reported as governmental activities on the government-wide statements since their services primarily benefit the City. Proprietary funds provide the same type of information as the business-type activities in the government-wide financial statements, only in greater detail. As in the government-wide statements, proprietary fund financial statements use the accrual basis of accounting.

Notes to the Financial Statements

The notes to the financial statements are an integral part of the financial statements. They provide additional disclosures that are essential to a full understanding of the information provided in the government-wide and fund financial statements. The notes to the financial statements immediately follow the basic financial statements in this report.

Other Information

In addition to the basic financial statements and accompanying notes, this report also presents required supplementary information and other supplementary information. The required supplementary information presents the budget/actual comparison for the City’s general fund and schedules required for the disclosure of the City’s pension and other post-employment benefits. Other Supplementary information includes actual and budgetary comparisons for other City funds, and combining financial statements for non-major governmental, proprietary and internal service funds.

Financial Analysis of the City as a Whole

The largest component of the City’s net position, 68.1.% ($855.2 million), reflects its investment in capital assets (e.g., land, infrastructure, buildings, etc.). The City uses these capital assets to provide services to citizens. These assets are not available for future spending.

Restricted, expendable net position is 12.2% of the City’s net position ($153.2 million). These resources are not available for general use due to restrictions placed on them by external parties such as creditors, grantors, contributors, or by state or city laws.

The remaining 19.7% ($247.2 million) of the City’s net position represents unrestricted net position, which may be used at the City’s discretion but often has limitations on use based on state or city laws.

City of Boise’s Net Position (In thousands)

* 2021 amounts have not been restated for GASB 87 May not add due to rounding