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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 of the City for the years ended December 31,
<br />2017 and 2016:
<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 />2017
<br />Program
<br />Expenses Revenues
<br />$ 4,992,809
<br />5,782,563
<br />4,254,234
<br />2,384,845
<br />952,965
<br />1,396,021
<br />1,535,664
<br />159,378
<br />373,775
<br />633,101
<br />$ 928,448
<br />1,122,851
<br />4,200,375
<br />1,424,026
<br />3,498,670
<br />2,271,267
<br />204,418
<br />375,866
<br />1,637,125
<br />$ 22,465,355 $ 15,663,046
<br />Net Change
<br />$ (4,064,361)
<br />(4,659,712)
<br />(53,859)
<br />(960, 819)
<br />(952,965)
<br />2,102,649
<br />735,603
<br />45,040
<br />2,091
<br />1,004,024
<br />(6,802,309)
<br />11,136,810
<br />3,586
<br />946,683
<br />5,530
<br />12,092,609
<br />2016
<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 />(8,220,879)
<br />10,674,696
<br />3,905
<br />606,225
<br />11,284,826
<br />$ 5,290,300 $ 3,063,947
<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 shift in the net changes presented above between the current and prior year reflects the change in
<br />level of developer contributions as previously mentioned.
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