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<br />STATEMENT OF ACTIVITIES
<br />
<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 />
<br />The following table presents the change in the net position of the City for the years ended December 31,
<br />2024 and 2023:
<br />
<br />2023
<br />Program
<br />Expenses Revenues Net Change Net Change
<br />Net (expense) revenue
<br />Governmental activities
<br />General government 1,853,807$ 750,949$ (1,102,858)$ (1,293,373)$
<br />Public safety 4,979,213 590,672 (4,388,541) (3,828,086)
<br />Streets and highways 2,816,934 864,932 (1,952,002) (2,187,551)
<br />Sanitation 34,184 28,172 (6,012) (4,009)
<br />Culture and recreation 2,676,308 646,703 (2,029,605) (2,006,022)
<br />Economic development 2,564,689 416,680 (2,148,009) (3,160,716)
<br />Interest and fiscal charges 132,604 – (132,604) (143,240)
<br />Business-type activities
<br />Water 1,559,896 1,422,765 (137,131) 51,691
<br />Sewer 1,894,691 2,198,187 303,496 283,993
<br />Storm water 392,471 595,147 202,676 64,864
<br />Street light 124,131 118,762 (5,369) (6,548)
<br />19,028,928$ 7,632,969$ (11,395,959) (12,228,997)
<br />General revenues
<br />Taxes 9,646,039 9,306,827
<br />General grants and contributions 1,028,306 1,104,742
<br />Other general revenues – 10,090
<br />Investment earnings 950,482 1,022,250
<br />11,624,827 11,443,909
<br />228,868 (785,088)
<br />Net position – beginning 59,962,664 60,747,752
<br />Net position – ending 60,191,532$ 59,962,664$
<br />2024
<br />Total
<br />Change in net position
<br />Total general revenues
<br />
<br />
<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. A decrease in economic development spending contributed to
<br />the bottom-line change when compared to the prior year.
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