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In addition to fund -based information, the current reporting model for governmental entities also requires
<br />the inclusion of two government -wide financial statements designed to present a clear picture of the City
<br />as a single, unified entity. These government -wide financial statements provide information on the total
<br />cost of delivering services, including capital assets and long -term liabilities.
<br />STATEMENT OF NET POSITION
<br />GOVERNMENT -WIDE FINANCIAL STATEMENTS
<br />The Statement of Net Position essentially tells you what your city owns and owes at a given point in time,
<br />the last day of the fiscal year. Theoretically, net position represents the resources the City has leftover to
<br />use for providing services after its debts are settled. However, those resources are not always in spendable
<br />form, or there may be restrictions on how some of those resources can be used. Therefore, net position is
<br />divided into three components: net investment capital assets, restricted, and unrestricted.
<br />The following table presents the components of City's net position as of December 31, 2013 and 2012,
<br />for governmental activities and business -type activities:
<br />As of December 31, Increase
<br />2013 2012 (Decrease)
<br />Net position
<br />Governmental activities
<br />Net investment in capital assets $ 40,374,256 $ 41,998,822 $ (1,624,566)
<br />Restricted 16,128,452 14,632,006 1,496,446
<br />Unrestricted 8,107,485 7,298,825 808,660
<br />Total governmental activities 64,610,193 63,929,653 680,540
<br />Business -type activities
<br />Net investment in capital assets 50,494,576 50,843,868 (349,292)
<br />Unrestricted 28,969,730 27,486,732 1,482,998
<br />Total business -type activities 79,464,306 78,330,600 1,133,706
<br />Total net position $ 144,074,499 $ 142,260,253 $ 1,814,246
<br />The increase in the restricted and unrestricted net position of governmental activities is consistent with
<br />our earlier discussion for governmental fund balances. Tax increment resources received in excess of
<br />current year expenses contributed to the City's restricted net position increase, while increases in
<br />resources assigned for public improvement revolving are considered unrestricted for entity -wide
<br />purposes. The depreciation on capital assets used in governmental activities exceeded current year
<br />additions and capital related debt repayments, resulting in an overall decrease in the net investment in
<br />capital assets.
<br />The change in the net position for business -type activities is consistent with our earlier discussion for the
<br />utility operations which are presented under the same, full accrual, basis of accounting.
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