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The following is a summary of the City's change in net position:
<br /> Table 2
<br /> Change in Net Position
<br /> for the Years Ended December 31,2025 and 2024
<br /> Governmental Activities Business-Type Activities Total
<br /> 2025 2024 2025 2024 2025 2024
<br /> Revenues
<br /> Program revenues
<br /> Charges for services $ 1,580,593 $ 1,925,568 $ 4,544,091 $ 4,203,085 $ 6,124,684 $ 6,128,653
<br /> Operating grants and contributions 1,016,887 864,960 238,425 16,626 1,255,312 881,586
<br /> Capital grants and contributions 788,473 507,580 - 115,150 788,473 622,730
<br /> General revenues
<br /> Property taxes 7,405,069 6,886,655 - - 7,405,069 6,886,655
<br /> Tax increments 1,994,563 1,966,627 - - 1,994,563 1,966,627
<br /> Franchise taxes 893,668 790,073 - - 893,668 790,073
<br /> Lodging taxes 3,066 2,684 - - 3,066 2,684
<br /> General grants and contributions 1,031,977 1,028,306 - - 1,031,977 1,028,306
<br /> Gain on sale of capital assets 99,008 - - - 99,008 -
<br /> Investment earnings 760,395 734,361 121,187 216,121 881,582 950,482
<br /> Total revenues 15,573,699 14,706,814 4,903,703 4,550,982 20,477,402 19,257,796
<br /> Expenses
<br /> General government 1,813,913 1,853,807 - - 1,813,913 1,853,807
<br /> Public safety 5,079,126 4,979,213 - - 5,079,126 4,979,213
<br /> Streets and highways 2,888,786 2,816,934 - - 2,888,786 2,816,934
<br /> Sanitation 38,574 34,184 - - 38,574 34,184
<br /> Culture and recreation 2,483,435 2,676,308 - - 2,483,435 2,676,308
<br /> Economic development 2,574,322 2,564,689 - - 2,574,322 2,564,689
<br /> Interest and fiscal charges 122,902 132,604 - - 122,902 132,604
<br /> Water - - 1,556,915 1,559,896 1,556,915 1,559,896
<br /> Sewer - - 1,989,131 1,894,691 1,989,131 1,894,691
<br /> Storm water - - 557,245 392,471 557,245 392,471
<br /> Streetlight - - 121,903 124,131 121,903 124,131
<br /> Total expenses 15,001,058 15,057,739 4,225,194 3,971,189 19,226,252 19,028,928
<br /> Income(loss)before transfers 572,641 (350,925) 678,509 579,793 1,251,150 228,868
<br /> Transfers (168,398) 399,457 168,398 (399,457) - -
<br /> Change in net position 404,243 48,532 846,907 180,336 1,251,150 228,868
<br /> Netposition-beginning 47,305,089 47,256,557 12,886,443 12,706,107 60,191,532 59,962,664
<br /> Netposition-ending $47,709,332 $47,305,089 $ 13,733,350 $ 12,886,443 $61,442,682 $60,191,532
<br /> Governmental Activities - Governmental activities increased the City's net position by $404,243 in the
<br /> current year, compared to an increase of$48,532 reported last year. Key elements of this change are seen
<br /> in the table above.
<br /> • Revenues for governmental activities increased by$866,885 over the prior year.An increase in the
<br /> approved property tax levy as well as additional operating and capital grants and contributions were
<br /> key factors in this change. Charges for services were down compared to the prior year as there was
<br /> no conduit debt issued in the current year,unlike in the prior year.
<br /> • Government activities expenses were down slightly, decreasing by $56,681 in the current year. A
<br /> decrease in culture and recreation spending for forestry control contributed to the change compared
<br /> to the prior year.
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