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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
<br />transactions that increase or reduce total net assets. 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 />The following table presents the change in net assets of the City for the years ended December 31, 2010
<br />and 2009:
<br />Net (expense) revenue
<br />Governmental activities
<br />General government
<br />Public safety
<br />Highways and streets
<br />Culture and recreation
<br />Interest and fiscal charges
<br />Business -type activities
<br />Water utility
<br />Sewer utility
<br />Street light utility
<br />Recycling utility
<br />Storm water utility
<br />Total net (expense) revenue
<br />General revenues
<br />Property taxes
<br />General grants and contributions
<br />Investment earnings
<br />Sale of capital assets
<br />Total general revenues
<br />Change in net assets
<br />Expenses
<br />2010 2009
<br />Program
<br />Revenues Net Change Net Change
<br />$ 4.998,807 $ 1,132,229 $ (3,866,578) $ (2,151,170)
<br />4.153,361 1,216,280 (2,937,081) (3,362,954)
<br />5,791,896 2,594,366 (3,197,530) (3,746,093)
<br />1,048,690 51,624 (997,066) (1,007,122)
<br />1,316,893 — (1,316,893) (1,330,224)
<br />1,295,721 1,878,578 582,857 501,897
<br />1,101,554 1,310,815 209,261 152.564
<br />158,369 179,272 20,903 24,757
<br />307,662 344,490 36,828 34,029
<br />350,521 633,315 282,794 220,144
<br />$ 20,523,474 $ 9,340,969 (11,182,505) (10,664,172)
<br />12,144,908 13,019,854
<br />114,692 204,752
<br />1,914,575 1,850,941
<br />5,816
<br />14,174,175 15,081,363
<br />$ 2,991,670 $ 4,417,191
<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 property taxes and
<br />unrestricted grants. It also shows that, for the most part, the City's business -type activities are generating
<br />sufficient program revenues (service charges and program - specific grants) to cover expenses. This is
<br />critical given the current downward pressures on the general revenue sources.
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