Assets — what the City of Fort Collins owns.
Business-type activities — private sector-type operations, such as Utilities and Golf, where fees for services typically cover all or most of the cost of operations, including depreciation.
Capital assets such as City or Utility land, construction in progress, equipment, infrastructure and buildings, and improvements net of depreciation.
Component Unit — legally separate organizations for which the City is financially accountable. The Urban Renewal Authority, Downtown Development Authority, General Improvement Districts #1 & #15, and the Tourism Improvement District are the City’s component units.
Current and other assets — items such as pooled cash and investments, cash and investments with fiscal agents, receivables, internal balances, inventories, deposits with others, prepaid items and deferred charges.
Deferred inflows — an acquisition of a net asset that is applicable to a future reporting period.
Deferred outflows — a consumption of a net asset that is applicable to a future reporting period.
Fiduciary fund — accounts for assets held on behalf of outside parties, including other governments.
Governmental activities — City basic services, including police, planning, economic development, and culture and recreation. Sales, use, and property taxes finance the majority of these services.
Invested in capital assets, net of related debt—amounts invested in capital assets less accumulated depreciation and any outstanding debt used to acquire these assets.
Liabilities — what the City of Fort Collins owes.
Long-term liabilities such as bonds, loans, compensated absences, and other City of Fort Collins obligations.
Netbook value — represents the acquisition cost less accumulated depreciation for an asset.
Net position — the difference between City of Fort Collins assets and liabilities. It is the net worth of the City.
Other liabilities — items such as payables, payroll, accrued interest and unearned revenue.
PILOT — payment in lieu of taxes, made to compensate the primary government for some or all of the tax revenue lost due to the tax-exempt status of the City’s utilities.
Primary government — all of the governmental and business-type activities belonging to the City of Fort Collins excluding the discretely presented component units and fiduciary funds.
Restricted — funds that are not available for general use because they have been set aside for a specific purpose or project.
Unrestricted — one-time funds available to use for operations or capital.