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<br /> <br />Business-type Activities. Business-type activities increased the City’s net position, complementing the increase in <br />governmental activities. Net operating income in the two business-type funds was favorable, with a total net operating <br />gain of $195,014. Key elements of this increase are as follows: <br /> <br />• Charges for services an increase of $605,790 from prior year or 13.31%. The increase relates primarily to a 6.5% <br />increase in water and sewer rates as well as the introduction of the storm water utility fund. Total revenues <br />generated from charges for services from the new utility storm water fund were $481,366. In addition, operating <br />grants and contributions increased by $357,763 because of capital additions completed in 2024. The assets were <br />contributed to the utility funds from the capital infrastructure utilities governmental fund 604. This fund is used by <br />the City to track and budget for capital expenditures that relate to the utility funds for water and sewer. The <br />largest capital expenditure was incurred in relation with the 2024 Lining Sanitary Sewer project for $356,300. <br /> <br />• Expenses an increase of $144,946 from prior year or 3.5%. The increase relates primarily to the new storm water <br />fund 603 that was introduced in 2024. Total 2024 expenses in the storm water fund $278,766. <br /> <br />Expenses and Program Revenues - Business - type Activities <br /> $- <br /> $500,000 <br /> $1,000,000 <br /> $1,500,000 <br /> $2,000,000 <br /> $2,500,000 <br />Water Sewer Storm Water <br />Expenses Program Revenues <br /> <br />Revenues by Source - Business - type Activities <br /> <br />Charges for <br />Services <br />97.7% <br />Capital <br />Grants and <br />Contributions <br />0.0% <br />Unrestricted <br />Investment <br />Earnings <br />2.3% <br /> <br />35