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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 /> 2021 and 2020:
<br /> 2021 2020
<br /> Program
<br /> Expenses Revenues Net Change Net Change
<br /> Net(expense)revenue
<br /> Governmental activities
<br /> General government $ 4,568,229 $ 1,731,054 $ (2,837,175) $ (41167,472)
<br /> Public safety 6,363,724 1,7235429 (4,640,295) (41913,307)
<br /> Highways and streets 45686,416 415935734 (925682) 1751140
<br /> Culture and recreation 1,834,153 11386,439 (447,714) (11473,010)
<br /> Economic development 2,140,267 — (2,140,267) (481,858)
<br /> Interest and fiscal charges 883,504 — (883,504) (839,444)
<br /> Business-type activities
<br /> Water utility 15772,358 4,873,121 31100,763 11722,354
<br /> Sewer utility 15742,380 31099,744 11357,364 535,392
<br /> Street light utility 178,576 222,364 43,788 4702
<br /> Recycling utility 5071067 503,047 (4,020) (600)
<br /> Storm water utility 715,349 11854,728 111391379 7001099
<br /> Total net(expense)revenue $ 2513921023 $ 1919871660 (5,4041363) (81695,624)
<br /> General revenues
<br /> Property taxes 141761,012 131744,948
<br /> Franchise fees 29071,476 423,045
<br /> General grants and contributions 2,963 21053,933
<br /> Investment earnings(charges) (385,036) 21427,076
<br /> Gain on sale of capital assets 22,325 21372
<br /> Total general revenues 16,472,740 18,651,374
<br /> Change in net position $ 111068,377 $ 919551750
<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, for the most part, the City's business-type activities are generating
<br /> sufficient program revenues (service charges and program-specific grants) to cover expenses. This is
<br /> critical given the current downward pressures on the general revenue sources.
<br /> The change in net (expense) revenue presented in the table above, when compared to the prior year, is
<br /> primarily due to the amount of developer contributions and capital grants recognized from year-to-year.
<br /> These contributions fluctuate with the size and number of completed development projects. The City's
<br /> spending of federal CRF funding that was reported in general revenues, also impacted the comparison to
<br /> prior year, as presented in the above table.
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