QUẢN LÝ CỦA THẢO LUẬN VÀ PHÂN TÍCH Trong phần này của thành phố Newnan, Gruzia các "thành phố" hàng năm tài chính báo cáo, quản lý của thành phố là hài lòng cung cấp này thảo luận tường thuật và phân tích các hoạt động fmancial thành phố các năm dương lịch kết thúc vào ngày 31 Tháng Mười Hai 2008 | City of Newnan Georgia MANAGEMENT S DISCUSSION AND ANALYSIS Unaudited December 31 2008 MANAGEMENT S DISCUSSION AND ANALYSIS Within this section of the City of Newnan Georgia s the City annual financial report the City s management is pleased to provide this narrative discussion and analysis of the financial activities of the City for the calendar year ended December 31 2008. The City s financial performance is discussed and analyzed within the context of the financial statements and disclosures following this section. Readers should also review the basic financial statements and notes to enhance thefr understanding of the Government s financial performance. 2008 Financial Highlights The assets of the City of Newnan exceeded its liabilities by 137 063 766 net assets for the calendar year reported. The government s total net assets increased by 8 982 605. Almost 3 million of this amount is attributed to contributed infrastructure from developers in the City of Newnan. An additional 1 175 738 was added in the form of donated property. The remainder was capital asset additions. Total net assets are comprised of the following 1 Capital assets net of related debt totaling 107 970 772 include property and equipment net of accumulated depreciation and reduced for outstanding debt related to the purchase or construction of capital assets. 2 Net assets of 11 890 374 are restricted by constraints imposed from outside the City such as debt covenants grantors laws or regulations. 3 Unrestricted net assets of 17 202 620 represent the portion available to maintain the City s continuing obligations to citizens and creditors. The City s governmental funds reported total combined ending fund balances of 28 964 243 this year. This compares to the prior year combined ending fund balances of 28 377 799 showing a significant increase of 586 444 or during the current year. The unreserved fund balance of 15 525 390 for calendar year 2008 shows a 697 305 increase over the prior year. .
