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GOVERNMENT -WIDE FINANCIAL ANALYSIS (CONTINUED)
<br />At the end of the current fiscal year, the City is able to report positive balances in all three categories of net
<br />position, both for the government as a whole, as well as for its separate governmental and business -type
<br />activities.
<br />Changes in the City's proportionate share of state-wide pension obligations contributed to the differences in
<br />amounts presented as deferred outflows, noncurrent liabilities, and deferred inflows in the previous table.
<br />The following is a summary of the City's changes in net position:
<br />Changes m Net Position
<br />Governmental Business -Type
<br />Activities Activities
<br />Total
<br />2017 2016 2017 2016 2017 2016
<br />Revenues
<br />Program revenues
<br />Charges for services $ 2,269,658 $ 1,901,596 $ 6,030,607 $ 4,950,585 $ 8,300,265 $ 6,852,181
<br />Operating grants and contributions 379,185 508,694 92,602 67,100 471,787 575,794
<br />Capital grants and contributions 5,026,857 3,809,965 1,864,137 1,799,057 6,890,994 5,609,022
<br />General revenues
<br />Property taxes 11,136,810 10,674,696 - - 11,136,810 10,674,696
<br />General grants and contributions 3,586 3,905 - - 3,586 3,905
<br />Investment earnings 454,089 280,597 492,594 325,628 946,683 606,225
<br />Gam on sale of capital assets 5,530 - - - 5,530
<br />Total revenues 19,275,715 17,179,453 8,479,940 7,142,370 27,755,655 24,321,823
<br />Expenses
<br />General government 4,992,809 4,528,920 - - 4,992,809 4,528,920
<br />Public safety 5,782,563 5,875,567 - - 5,782,563 5,875,567
<br />Highways and streets 4,254,234 3,826,143 - - 4,254,234 3,826,143
<br />Culture and recreation 2,384,845 1,931,537 - - 2,384,845 1,931,537
<br />Interest and fiscal charges 952,965 890,305 - - 952,965 890,305
<br />Water utility - - 1,396,021 1,489,070 1,396,021 1,489,070
<br />Sewer utility - - 1,535,664 1,438,141 1,535,664 1,438,141
<br />Streethghtutility - - 159,378 176,732 159,378 176,732
<br />Recycling utility - - 373,775 359,418 373,775 359,418
<br />Storm water utility - - 633,101 742,043 633,101 742,043
<br />Total expenses 18,367,416 17,052,472 4,097,939 4,205,404 22,465,355 21,257,876
<br />Changes m net position before transfers 908,299 126,981 4,382,001 2,936,966 5,290,300 3,063,947
<br />Transfers 133,000 214,445 (133,000) (214,445) - -
<br />Changes m net position 1,041,299 341,426 4,249,001 2,722,521 5,290,300 3,063,947
<br />Netposition- beginning 74,327,101 73,985,675 87,913,135 85,190,614 162,240,236 159,176,289
<br />Netposition - ending $ 75,368,400 $ 74,327,101 $ 92,162,136 $ 87,913,135 $ 167,530,536 $ 162,240,236
<br />Governmental Activities - Governmental activities account for a $1,041,299 increase in the City's net position.
<br />Capital grants and contributions increased by $1,216,892 due to the deferred special assessment attributed to the
<br />former Legacy School project. The general government function experienced a $463,889 increase due to
<br />increased personnel costs and getting projects "shovel -ready" in the COR. Culture and recreation increased
<br />$453,308 due to the related consulting services for the Mississippi Skyway design.
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