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Business-Type Activities —Business-type activities increased the City's net position by $846,907 in the <br /> current year,compared to an increase of$180,336 reported last year.Key elements of this change included <br /> the following: <br /> • Utility rates were reviewed in conjunction with planning for the 2025 fiscal year. Modest changes <br /> in the utility rate structures were necessary to offset anticipated capital activity. Overall utility <br /> revenues were modestly higher. Operating contributions increased with payments from one-time <br /> judgements recognized in 2025. <br /> • Business-type activities expenses were also up, increasing by $254,005, in the current year. This <br /> increase was in sewer and storm water utility operations of the City. Spending was up with an <br /> increase in contractual services for sewer operations and in personal services and loss on capital <br /> asset disposal in storm water operations in the current year. <br /> Expenses and Program Revenues—Business-Type Activities <br /> $2,500,000 <br /> $2,000,000 <br /> $1,500,000 <br /> $1,000,000 <br /> $500,000 <br /> $— Water Sewer Storm Water Street Light <br /> ■Expenses $1,556,915 $1,989,131 $557,245 $121,903 <br /> OProgram Revenues $1,889,191 $2,262,949 $504,489 $125,887 <br /> Revenues by Source—Business-Type Activities <br /> Investment <br /> Operating Grants Earnings <br /> and Contributions 2•5% <br /> 4.8% <br /> Charges for <br /> Services <br /> 92.7% <br /> -11- <br />