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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 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 (excluding the change in accounting principle)
<br />of the City for the years ended December 31, 2015 and 2014:
<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 />Expenses
<br />2015 2014
<br />Program
<br />Revenues Net Change Net Change
<br />$ 4,075,505 $ 11,031,691 $ 6,956,186 $ (2,681,173)
<br />4,349,763 1,792,228 (2,557,535) (3,214,479)
<br />3,197,571 1,975,426 (1,222,145) (1,932,862)
<br />1,867,274 964,949 (902,325) (1,088,107)
<br />983,379 (983,379) (1,168,513)
<br />1,278,204 2,756,058 1,477,854 730,214
<br />1,291,509 1,670,803 379,294 117,017
<br />178,666 206,472 27,806 30,352
<br />320,901 346,551 25,650 53,656
<br />557,267 950,812 393,545 196,426
<br />Total net (expense) revenue $ 18,100,039 $ 21,694,990 3,594,951 (8,957,469)
<br />General revenues
<br />Property taxes
<br />General grants and contributions
<br />Investment earnings
<br />Gain on sale of capital assets
<br />Total general revenues
<br />10,064,621 9,423,457
<br />4,204 3,198
<br />807,895 1,851,650
<br />8,914
<br />10, 885,634 11,278, 305
<br />Change in net position $ 14,480,585 $ 2,320,836
<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 />The change in general government reflects the recognition of developer reimbursements previously
<br />mentioned. The increase in the net change for business -type activities reflects the increase in developer
<br />contributions received in 2015 over the prior year.
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