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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 />2018 and 2017:
<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 />2018 2017
<br />Expenses
<br />$ 5,078,516
<br />5,167,897
<br />4,191,395
<br />1,751,345
<br />883,292
<br />1,590,737
<br />1,523,670
<br />160,952
<br />380,055
<br />573,878
<br />Program
<br />Revenues
<br />$ 1,632,437
<br />1,453,197
<br />4,025,264
<br />1,467,776
<br />3,827,707
<br />2,490,715
<br />211,360
<br />389,011
<br />1,313,440
<br />$ 21,301,737 $ 16,810,907
<br />Net Change
<br />$ (3,446,079)
<br />(3,714,700)
<br />(166,131)
<br />(283,569)
<br />(883,292)
<br />2,236,970
<br />967,045
<br />50,408
<br />8,956
<br />739,562
<br />(4,490,830)
<br />12,384,300
<br />102,994
<br />1,228,823
<br />75,047
<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 />13,791,164 12,092,609
<br />$ 9,300,334 $ 5,290,300
<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.
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