|
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 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 />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.
<br />-15-
<br />2014
<br />2013
<br />Program
<br />Expenses
<br />Revenues
<br />Net Change
<br />Net Change
<br />Net (expense) revenue
<br />Governmental activities
<br />General government
<br />$ 4,087,755
<br />$ 1,406,582
<br />$ (2,681,173)
<br />$ (771,473)
<br />Public safety
<br />4,079,362
<br />864,883
<br />(3,214,479)
<br />(2,941,530)
<br />Highways and streets
<br />4,263,552
<br />2,330,690
<br />(1,932,862)
<br />(3,346,783)
<br />Culture and recreation
<br />1,422,810
<br />334,703
<br />(1,088,107)
<br />(1,212,730)
<br />Interest and fiscal charges
<br />1,168,513
<br />—
<br />(1,168,513)
<br />(1,220,471)
<br />Business -type activities
<br />Water utility
<br />1,221,211
<br />1,951,425
<br />730,214
<br />1,086,040
<br />Sewer utility
<br />1,282,302
<br />1,399,319
<br />117,017
<br />234,471
<br />Street light utility
<br />161,733
<br />192,085
<br />30,352
<br />23,822
<br />Recycling utility
<br />321,321
<br />374,977
<br />53,656
<br />68,763
<br />Storm water utility
<br />509,709
<br />706,135
<br />196,426
<br />186,566
<br />Total net (expense) revenue
<br />$ 18,518,268
<br />$ 9,560,799
<br />(8,957,469)
<br />(7,893,325)
<br />General revenues
<br />Property taxes
<br />9,423,457
<br />10,421,456
<br />General grants and contributions
<br />3,198
<br />38,577
<br />Investment earnings (charges)
<br />1,851,650
<br />(765,402)
<br />Sale of capital assets
<br />—
<br />12,940
<br />Total general revenues
<br />11,278,305
<br />9,707,571
<br />Change in net position
<br />$ 2,320,836
<br />$ 1,814,246
<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.
<br />-15-
<br />
|