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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 /> 2015 2014
<br /> Program
<br /> Expenses Revenues Net Change Net Change
<br /> Net(expense)revenue
<br /> Governmental activities
<br /> General government $ 4,075,505 $ 11,031,691 $ 6,956,186 $ (2,681,173)
<br /> Public safety 4,349,763 1,792,228 (2,557,535) (3,214,479)
<br /> Highways and streets 3,197,571 1,975,426 (1,222,145) (1,932,862)
<br /> Culture and recreation 1,867,274 964,949 (902,325) (1,088,107)
<br /> Interest and fiscal charges 983,379 — (983,379) (1,168,513)
<br /> Business-type activities
<br /> Water utility 1,278,204 2,756,058 1,477,854 730,214
<br /> Sewer utility 1,291,509 1,670,803 379,294 117,017
<br /> Street light utility 178,666 206,472 27,806 30,352
<br /> Recycling utility 320,901 346,551 25,650 53,656
<br /> Storm water utility 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 10,064,621 9,423,457
<br /> General grants and contributions 4,204 3,198
<br /> Investment earnings 807,895 1,851,650
<br /> Gain on sale of capital assets 8,914 —
<br /> Total general revenues 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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