|
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, 2011
<br />and 2010:
<br />Expenses
<br />Net (expense) revenue
<br />Governmental activities
<br />General government $ 5,559,732 $ 1,026,608 $ (4,533,124) $ (3,866,578)
<br />Public safety 4,307,045 1,140,897 (3,166,148) (2,937,081)
<br />Highways and streets 6,129,272 4,254,030 (1,875,242) (3,197,530)
<br />Culture and recreation 1,267,292 43,344 (1,223,948) (997,066)
<br />Interest and fiscal charges 1,302,228 — (1,302,228) (1,316,893)
<br />Business -type activities
<br />Water utility 1,358,050 1,904,735 546,685 582,857
<br />Sewer utility 1,149,318 1,241,771 92,453 209,261
<br />Street light utility 163,758 178,850 15,092 20,903
<br />Recycling utility 302,947 347,505 44,558 36,828
<br />Storm water utility 410,666 617,579 206,913 282,794
<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 />$ 21,950,308 $ 10,755,319
<br />2011 2010
<br />Program
<br />Revenues Net Change Net Change
<br />(11,194,989) (11,182,505)
<br />11,671,760 12,144,908
<br />120,932 114,692
<br />1,364,014 1,914,575
<br />14,716 —
<br />13,171,422 14,174,175
<br />$ 1,976,433 $ 2,991,670
<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.
<br />-16-
<br />
|