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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. The
<br />City also issued debt in the current year to finance a portion of the ongoing construction of a new public works
<br />facility, which changed assets, liabilities, and net position components.
<br />The following is a summary of the City's changes in net position:
<br />Changes in Net Position
<br />Governmental Business -Type
<br />Activities Activities
<br />Total
<br />2020 2019 2020 2019 2020 2019
<br />Revenues
<br />Program revenues
<br />Charges for services $ 2,142,064 $ 2,878,991 $ 5,957,197 $ 5,515,884 $ 8,099,261 $ 8,394,875
<br />Operating grants and contributions 603,389 461,826 57,865 67,961 661,254 529,787
<br />Capital grants and contributions 4,930,496 3,434,344 1,683,338 2,596,210 6,613,834 6,030,554
<br />General revenues
<br />Property taxes 13,744,948 12,894,388 - - 13,744,948 12,894,388
<br />Franchise fees 423,045 - - - 423,045 -
<br />General grants and contributions 2,053,933 5,617 - - 2,053,933 5,617
<br />Investment earnings 1,035,274 1,122,573 1,391,802 1,462,125 2,427,076 2,584,698
<br />Gain on sale of capital assets 2,372 8,428 - - 2,372 8,428
<br />Total revenues 24,935,521 20,806,167 9,090,202 9,642,180 34,025,723 30,448,347
<br />Expenses
<br />General government 5,640,679 5,139,352 - - 5,640,679 5,139,352
<br />Public safety 6,468,397 5,844,265 - - 6,468,397 5,844,265
<br />Highways and streets 4,028,294 4,442,720 - - 4,028,294 4,442,720
<br />Culture and recreation 1,917,228 1,756,810 - - 1,917,228 1,756,810
<br />Economic development 481,858 - - - 481,858
<br />Interest and fiscal charges 839,444 845,651 - - 839,444 845,651
<br />Water utility - - 1,657,356 1,483,584 1,657,356 1,483,584
<br />Sewer utility - - 1,723,238 1,631,260 1,723,238 1,631,260
<br />Street light utility - - 169,463 171,619 169,463 171,619
<br />Recycling utility - - 366,764 380,192 366,764 380,192
<br />Storm water utility - - 777,252 590,645 777,252 590,645
<br />Total expenses 19,375,900 18,028,798 4,694,073 4,257,300 24,069,973 22,286,098
<br />Changes in net position before transfers 5,559,621 2,777,369 4,396,129 5,384,880 9,955,750 8,162,249
<br />Transfers 6,229,699 (506,494) (6,229,699) 506,494
<br />Changes in net position 11,789,320 2,270,875 (1,833,570) 5,891,374 9,955,750 8,162,249
<br />Net position - beginning 82,424,115 80,153,240 102,569,004 96,677,630 184,993,119 176,830,870
<br />Net position - ending $ 94,213,435 $ 82,424,115 $ 100,735,434 $ 102,569,004 $ 194,948,869 $ 184,993,119
<br />Governmental Activities - Governmental activities account for an $11,789,320 increase in the City's net
<br />position. Charges for services decreased by $736,927 to reflect the decrease in park dedication fees collected.
<br />Capital grants and contributions increased by $1,496,152 due to the City being reimbursed for a major road
<br />project - Variolite Street Reconstruction in 2020.
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