please change the following into less technical. It should not be so technical a
Three accounts from the Statement of Net Assets that have changed significantly from 2010 to 2011 are changes in Current assets that decreased by $ 165,366 and the percentage change from 2010 to 2011 is 6.52. The other account is long-term debt outstanding that decreased by $ 123,023 and the percentage change from 2010 to 2011 is 4.98. The third account is capital asset investment that increased by $116,133, and the percentage change is 3.5. There are three contributing factors in the CAFR report that are 1) assets exceeded its liabilities, 2) Bonded debt decreased and 3) a positive balance in all the categories of assets i.e. restricted and unrestricted.According to Net Expense, three Governmental Activities with the highest net expenses are 1) General Government having amount of $189,850, 2) Culture and recreation amounting $156,814 and 3) Sheriff amounting $714,365. Expenses that are higher than Program Revenues are solid waste amounting $938, Resource recovery system amounting $111,619 and water Management with $1,499. The five largest General Revenues of Broward County are service charge for Sheriff amounting $278,669, service charge for Water amounting $114,051, service charge for Port Everglades with $139,177, service charge for Aviation amounting $22,7721and service charge for resource recovery system having an amount of $97465. The three largest sources of revenues in the General Fund are Taxes amounting $627,517, charges for service amounting $104,496 and Federal Grants are $61667. The County expended during the year ended September 30, 2011 for Debt Service and have spent $92227 on company expansion, $54770 on Principal Retirement, $37,475 on Interest and fiscal charges and $2 on Bond and Local Issuance costs. Actual revenue of Broward County was higher than budgeted. Two largest variances were taxed amounting $ 34141and two largest Variances were charged for services $(15192). Its actual expenditure were lower than budgeted, and two largest variances were Finance and administrative services amounting $23422 and public work administration of $16,819
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