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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 transactions
<br /> that increase or reduce total net position. These amounts represent the full cost of providing services. The
<br /> Statement of Activities provides a more comprehensive measure than just the amount of cash that changed
<br /> hands,as reflected in the fund-based financial statements. This statement includes the cost of supplies used,
<br /> 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 /> 2025 and 2024:
<br /> 2025 2024
<br /> Program
<br /> Expenses Revenues Net Change Net Change
<br /> Net(expense)revenue
<br /> Governmental activities
<br /> General government $ 1,813,913 $ 334,230 $ (1,479,683) $ (1,102,858)
<br /> Public safety 5,079,126 646,103 (4,433,023) (4,388,541)
<br /> Streets and highways 2,888,786 1,030,952 (1,857,834) (1,952,002)
<br /> Sanitation 38,574 37,723 (851) (6,012)
<br /> Culture and recreation 2,483,435 793,767 (1,689,668) (2,029,605)
<br /> Economic development 2,574,322 543,178 (2,031,144) (2,148,009)
<br /> Interest and fiscal charges 122,902 — (122,902) (132,604)
<br /> Business-type activities
<br /> Water 1,556,915 1,889,191 332,276 (137,131)
<br /> Sewer 1,989,131 2,262,949 273,818 303,496
<br /> Storm water 557,245 504,489 (52,756) 202,676
<br /> Street light 121,903 125,887 3,984 (5,369)
<br /> Total $ 19,226,252 $ 8,168,469 (11,057,783) (11,395,959)
<br /> General revenues
<br /> Taxes 10,296,366 9,646,039
<br /> General grants and contributions 1,031,977 1,028,306
<br /> Other general revenues 99,008 —
<br /> Investment earnings 881,582 950,482
<br /> Total general revenues 12,308,933 11,624,827
<br /> Change in net position 1,251,150 228,868
<br /> Net position—beginning 60,191,532 59,962,664
<br /> Netposition—ending $ 61,442,682 $ 60,191,532
<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.
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