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STATEMENT OF ACTIVITIES
<br />The Statement of Activities tracks the City's yearly revenues and expenses, as well as any other
<br />transactions that increase or reduce total net position. These amounts represent the full cost of providing
<br />services. The Statement of Activities provides a more comprehensive measure than just the amount of
<br />cash that changed hands, as reflected in the fund -based financial statements. This statement includes the
<br />cost of supplies used, depreciation of long-lived capital assets, and other accrual -based expenses.
<br />The following table presents the change in the net position of the City for the years ended December 31,
<br />2023 and 2022:
<br />2023
<br />2022
<br />Program
<br />Expenses
<br />Revenues
<br />Net Change
<br />Net Change
<br />Net (expense) revenue
<br />Governmental activities
<br />General government
<br />$ 1,812,740
<br />$ 519,367
<br />$ (1,293,373)
<br />$ (1,373,425)
<br />Public safety
<br />4,877,859
<br />1,049,773
<br />(3,828,086)
<br />(3,956,431)
<br />Streets and highways
<br />3,031,820
<br />844,269
<br />(2,187,551)
<br />(2,134,422)
<br />Sanitation
<br />36,470
<br />32,461
<br />(4,009)
<br />(46,130)
<br />Culture and recreation
<br />2,620,963
<br />614,941
<br />(2,006,022)
<br />(1,349,478)
<br />Economic development
<br />3,473,791
<br />313,075
<br />(3,160,716)
<br />(2,155,892)
<br />Interest and fiscal charges
<br />143,240
<br />—
<br />(143,240)
<br />(157,280)
<br />Business -type activities
<br />Water
<br />1,407,430
<br />1,459,121
<br />51,691
<br />189,484
<br />Sewer
<br />1,808,117
<br />2,092,110
<br />283,993
<br />74,658
<br />Storm water
<br />372,694
<br />437,558
<br />64,864
<br />64,935
<br />Street light
<br />113,899
<br />107,351
<br />(6,548)
<br />(10,783)
<br />Total
<br />$ 19,699,023 $ 7,470,026 (12,228,997) (10,854,764)
<br />General revenues
<br />Taxes 9,306,827 8,932,379
<br />General grants and contributions 1,104,742 852,212
<br />Other general revenues 10,090 —
<br />Investment earnings (charges) 1,022,250 (1,181,003)
<br />Total general revenues 11,443,909 8,603,588
<br />Change in net position
<br />Net position — beginning
<br />Net position — ending
<br />(785,088) (2,251,176)
<br />60,747,752 62,998,928
<br />$ 59,962,664 $ 60,747,752
<br />One of the goals of this statement is to provide a side -by -side comparison to illustrate the difference in the
<br />way the City's governmental and business -type operations are financed. The table clearly illustrates the
<br />dependence of the City's governmental operations on general revenues, such as taxes and unrestricted
<br />grants. It also shows that the City's business -type activities are largely generating sufficient program
<br />revenues (service charges and program -specific grants) to cover expenses. This is critical given the
<br />pressures on the general revenue sources. As previously discussed in this report, changes in the
<br />investment market contributed to the increase in current year investment earnings.
<br />REM
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