were incurred in the governmental funds as opposed to the enterprise funds. The GASB 68 adjustment allocates CalPERS expenses by fund and the CalPERS liability is based on the percentage of CalPERS costs in the fund. Therefore, the pension contra expenses in Water Fund decrease by 2.2 million as opposed to increase prior year of 1.7. And the Sewer pension contra expense this year decreased by 523 thousand as opposed to FY19-20 an increase of 610 thousand. Golf had 140 thousand or 4.70%. increase in expenditures. This is expected as more tournaments and revenues were generated and therefore there was an increase in operational expenditures such as water and management service fees. City of Downey Summary of Net Position Business- Type Activities For Fiscal Year Ended June 30, 2021 and 2020 (Amounts Expressed in Thousands)
Business-Type Activities 2021 2020
REVENUES: Program Revenues: Charges for Services General Revenues: Use of Money and Property Other Revenues Total Revenues EXPENSES: Program Activities Water Golf Sewer and Storm Drain Total Expenses Excess/(Shortage) of Revenues Over Expenses TRANSFERS: Transfer-in Transfer-out Changes in Net Position
Amount Increase (Decrease)
24,620
22,296
138 493
779 202
25,251
23,277
1,974
10,825 3,119 1,933
14,789 2,979 3,812
(3,964) 140 (1,879)
15,877
21,580
(5,703)
9,374
1,697
7,677
(898)
(205)
2,324 (641) 291
(693)
8,476
1,492
6,984
Net Position at Beginning of year (Restated)
84,623
83,131
1,492
Net Position at End of year
93,099
84,623
8,476
14
