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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 />2019 and 2018:
<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 />2019 2018
<br />Expenses
<br />$ 5,139,352
<br />5,844,265
<br />4,442,720
<br />1,756,810
<br />845,651
<br />1,483,584
<br />1,631,260
<br />171,619
<br />380,192
<br />590,645
<br />Program
<br />Revenues
<br />$ 1,710,668
<br />1,488,109
<br />2,552,513
<br />1,023,871
<br />3,755,858
<br />2,354,229
<br />217,169
<br />387,150
<br />1,465,649
<br />$ 22,286,098 $ 14,955,216
<br />Net Change
<br />$ (3,428,684)
<br />(4,356,156)
<br />(1,890,207)
<br />(732,939)
<br />(845,651)
<br />2,272,274
<br />722,969
<br />45,550
<br />6,958
<br />875,004
<br />(7,330,882)
<br />12,894,388
<br />5,617
<br />2,584,698
<br />8,428
<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 />15,493,131 13,791,164
<br />$ 8,162,249 $ 9,300,334
<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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