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SA
<br />TATEMENT OF CTIVITIES
<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 position. 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 the net position of the City for the years ended December 31,
<br />2014 and 2013:
<br />20142013
<br />Program
<br />ExpensesRevenuesNet ChangeNet Change
<br />Net (expense) revenue
<br />Governmental activities
<br />$ 1,406,5824,087,755$ (2,681,173)$ (771,473)$
<br />General government
<br /> 864,8834,079,362 (3,214,479) (2,941,530)
<br />Public safety
<br /> 2,330,6904,263,552 (1,932,862) (3,346,783)
<br />Highways and streets
<br /> 334,7031,422,810 (1,088,107) (1,212,730)
<br />Culture and recreation
<br /> –1,168,513 (1,168,513) (1,220,471)
<br />Interest and fiscal charges
<br />Business-type activities
<br /> 1,951,4251,221,211 730,214 1,086,040
<br />Water utility
<br /> 1,399,3191,282,302 117,017 234,471
<br />Sewer utility
<br /> 192,085161,733 30,352 23,822
<br />Street light utility
<br /> 374,977321,321 53,656 68,763
<br />Recycling utility
<br /> 706,135509,709 196,426 186,566
<br />Storm water utility
<br />$ 9,560,79918,518,268$ (8,957,469) (7,893,325)
<br />Total net (expense) revenue
<br />General revenues
<br /> 10,421,4569,423,457
<br />Property taxes
<br /> 38,5773,198
<br />General grants and contributions
<br /> (765,402)1,851,650
<br />Investment earnings (charges)
<br /> 12,940–
<br />Sale of capital assets
<br />Total general revenues11,278,305 9,707,571
<br />$ 1,814,2462,320,836$
<br />Change in net position
<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. In contrast, the City’s business-type activities tend to rely more heavily on program
<br />revenues like charges for services (sales) and program specific grants to cover expenses. This is critical
<br />given the current downward pressures on the general revenue sources.
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