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GOVERNMENT-WIDE FINANCIAL STATEMENTS
<br /> In addition to fund-based information,the current reporting model for governmental entities also requires
<br /> the inclusion of two government-wide financial statements designed to present a clear picture of the City
<br /> as a single, unified entity. These government-wide financial statements provide information on the total
<br /> cost of delivering services,including capital assets and long-term liabilities.
<br /> STATEMENT OF NET POSITION
<br /> The Statement of Net Position essentially tells you what the City owns and owes at a given point in time,
<br /> the last day of the fiscal year. Theoretically, net position represents the resources the City has leftover to
<br /> use for providing services after its debts are settled.However,those resources are not always in spendable
<br /> form, or there may be restrictions on how some of those resources can be used. Therefore, net position is
<br /> divided into three components: net investment in capital assets,restricted, and unrestricted.
<br /> The following table presents the components of the City's net position as of December 31, 2021 and
<br /> 2020, for governmental activities and business-type activities:
<br /> As of December 31,
<br /> 2021 2020 Change
<br /> Net position
<br /> Governmental activities
<br /> Net investment in capital assets $ 57,322,004 $ 52,756,077 $ 4,565,927
<br /> Restricted 19,886,753 18,957,706 929,047
<br /> Unrestricted 22,741,842 22,499,652 242,190
<br /> Total governmental activities 99,950,599 94,213,435 5,737,164
<br /> Business-type activities
<br /> Net investment in capital assets $ 57,940,442 56,166,921 1,773,521
<br /> Unrestricted 48,126,205 44,568,513 3,557,692
<br /> Total business-type activities 106,066,647 100,735,434 5,331,213
<br /> Total net position $ 206,017,246 $ 194,948,869 $ 11,068,377
<br /> Net position increased by $11,068,377 in the current year as presented above. At the end of the current
<br /> fiscal year, the City is able to present positive balances in all categories of net position, both for the
<br /> government as a whole, as well as for its separate governmental and business-type activities. The same
<br /> situation held true for the prior fiscal year.
<br /> The increase in net position within governmental activities presents the overall operating results of the
<br /> governmental funds, as previously discussed, along with the continued development and investment in
<br /> infrastructure within the City. The current year construction of the public works campus contributed to the
<br /> increase in net investment in capital assets for governmental activities. The change in net position of
<br /> business-type activities is consistent with the change of the utility enterprise operations previously
<br /> discussed.
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