please change the following into less technical. It should not be so technical a

Aug 4th, 2015
Business Finance
Price: $5 USD

Question description

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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