Financial Performance
Annual Report for the Fiscal Year Ending June 30, 2011
The Financial Performance pages represent the department-wide five-year history of net
assets as well as revenues and expenses for our four enterprise funds: Water, Wastewater,
Hetch Hetchy Water, and Hetch Hetchy Power.
Statement of Net Assets
Five-Year Comparison of Net Assets by Category
3. Net Assets: the residual interest in the items owned
or controlled after deducting debts.
condition as of June 30, 2011. Our
assets exceeded our
liabilities by nearly $2.0 billion (net assets); 83% of
$2.69B
$3.48B
$0.23B
that difference was represented by investments in capital assets,
$1.41B
$1.83B
$2.89B
$3.17B
$0.24B
$0.55B
$1.37B
$1.87B
$1.66B
$0.62B
net of related debt. While total assets increased from last fiscal
$3.05B
$1.90B
year by $1.2 billion in restricted bond proceeds and capital assets,
$4.22B
$0.49B
$0.26B
$1.33B
$1.92B
$3.55B
$6.39B
Our Statement of Net Assets reflected a strong and healthy financial
$0.60B
2009
$5.20B
$3.48B
$0.79B
2008
$2.17B
2010
$5.20B
2007
$3.79B
1. Assets, current and capital: items owned or
controlled; they represent resources used to provide
future public services, or to pay liabilities incurred
for services provided in prior periods;
2011
$3.95B
$6.39B
Current liabilities
Non-current liabilities
Net assets
Current assets
Capital assets
$3.79B
Over time, increases or decreases in net assets may
serve as a useful indicator of whether the financial
position is improv