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ENTERPRISE FUNDS OVERVIEW
<br /> The City maintains several enterprise funds to account for services the City provides that are financed
<br /> primarily through fees charged to those utilizing the services. This section of the report provides you with
<br /> an overview of the financial trends and activities of the City's enterprise funds, which include the Water,
<br /> Sewer, Storm Water,and Street Light Funds.
<br /> ENTERPRISE FUNDS FINANCIAL POSITION
<br /> The following table summarizes the changes in the financial position of the City's enterprise funds during
<br /> the year ended December 31,2025,presented both by classification and by fund:
<br /> Enterprise Funds Change in Financial Position
<br /> Net Position
<br /> as of December 31,
<br /> 2025 2024 Change
<br /> Net position of enterprise funds
<br /> Total by classification
<br /> Net investment in capital assets $ 11,724,683 $ 9,456,028 $ 2,268,655
<br /> Unrestricted 2,008,667 3,430,415 (1,421,748)
<br /> Total enterprise funds $ 13,733,350 $ 12,886,443 $ 846,907
<br /> Total by fund
<br /> Water $ 4,454,331 $ 4,331,311 $ 123,020
<br /> Sewer 5,134,161 4,876,713 257,448
<br /> Storm Water 4,060,372 3,598,240 462,132
<br /> Street Light 84,486 80,179 4,307
<br /> Total enterprise funds $ 13,733,350 $ 12,886,443 $ 846,907
<br /> In total, the net position of the City's enterprise funds increased by $846,907 during the year ended
<br /> December 31, 2025. The City's ongoing investment in water, sewer, and storm water infrastructure
<br /> contributed to the increase in net investment in capital assets,while reducing unrestricted net position.
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