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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 prior period adjustment) of the
<br />City for the years ended December 31, 2016 and 2015:
<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 />Total net (expense) revenue
<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 />Change in net position
<br />Expenses
<br />$ 4,528,920
<br />5,875,567
<br />3,826,143
<br />1,931,537
<br />890,305
<br />1,489,070
<br />1,438,141
<br />176,732
<br />359,418
<br />742,043
<br />2016
<br />Program
<br />Revenues
<br />$ 1,590,112
<br />1,044,090
<br />2,800,386
<br />785,667
<br />$ 21,257,876 $
<br />2,959,270
<br />1,995,035
<br />200,153
<br />375,152
<br />1,287,132
<br />13,036,997
<br />Net Change
<br />$ (2,938,808)
<br />(4,831,477)
<br />(1,025,757)
<br />(1,145,870)
<br />(890,305)
<br />1,470,200
<br />556,894
<br />23,421
<br />15,734
<br />545,089
<br />2015
<br />Net Change
<br />$ 6,956,186
<br />(2,557,535)
<br />(1,222,145)
<br />(902,325)
<br />(983,379)
<br />1,477,854
<br />379,294
<br />27,806
<br />25,650
<br />393,545
<br />(8,220,879) 3,594,951
<br />10,674,696
<br />3,905
<br />606,225
<br />11,284,826
<br />$ 3,063,947
<br />10,064,621
<br />4,204
<br />807,895
<br />8,914
<br />10,885,634
<br />$ 14,480,585
<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. It also shows that the City's business -type activities are generating sufficient program
<br />revenues (service charges and program -specific grants) to cover expenses. This is critical given the
<br />current downward pressures on the general revenue sources.
<br />The change in general government reflects the recognition of developer reimbursements in the prior year
<br />as previously mentioned. The swing in public safety was primarily due to increases in pension obligations
<br />allocated to this function in the current year.
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