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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 for future street projects that increased long-term liabilities.
<br />The following is a summary of the City's changes in net position:
<br />Changes in Net Position
<br />Governmental
<br />Business -Type
<br />Activities
<br />Activities
<br />Total
<br />2022
<br />2021
<br />2022
<br />2021
<br />2022
<br />2021
<br />Revenues
<br />Program revenues
<br />Charges for services
<br />$ 1,918,322 $
<br />3,022,077
<br />$ 6,752,601 $
<br />6,723,121
<br />$ 8,670,923 $
<br />9,745,198
<br />Operating grants and contributions
<br />707,228
<br />774,960
<br />57,700
<br />73,524
<br />764,928
<br />848,484
<br />Capital grants and contributions
<br />9,697,841
<br />5,637,619
<br />4,839,693
<br />3,756,359
<br />14,537,534
<br />9,393,978
<br />General revenues
<br />Property taxes
<br />17,637,477
<br />14,761,012
<br />-
<br />-
<br />17,637,477
<br />14,761,012
<br />Franchise fees
<br />4,859
<br />2,071,476
<br />-
<br />-
<br />4,859
<br />2,071,476
<br />General grants and contributions
<br />3,644
<br />2,963
<br />-
<br />-
<br />3,644
<br />2,963
<br />Investment earnings (charges)
<br />(286,023)
<br />(164,122)
<br />(4,935,417)
<br />(220,914)
<br />(5,221,440)
<br />(385,036)
<br />Gain on sale of capital assets
<br />22,500
<br />22,325
<br />-
<br />-
<br />22,500
<br />22,325
<br />Total revenues
<br />29,705,848
<br />26,128,310
<br />6,714,577
<br />10,332,090
<br />36,420,425
<br />36,460,400
<br />Expenses
<br />General government
<br />4,967,112
<br />4,568,229
<br />-
<br />-
<br />4,967,112
<br />4,568,229
<br />Public safety
<br />7,989,480
<br />6,363,724
<br />-
<br />-
<br />7,989,480
<br />6,363,724
<br />Highways and streets
<br />5,308,212
<br />4,686,416
<br />-
<br />-
<br />5,308,212
<br />4,686,416
<br />Culture and recreation
<br />1,997,522
<br />1,834,153
<br />-
<br />-
<br />1,997,522
<br />1,834,153
<br />Economic development
<br />1,096,422
<br />2,140,267
<br />-
<br />-
<br />1,096,422
<br />2,140,267
<br />Interest and fiscal charges
<br />564,462
<br />883,504
<br />-
<br />-
<br />564,462
<br />883,504
<br />Water utility
<br />-
<br />-
<br />1,895,776
<br />1,772,358
<br />1,895,776
<br />1,772,358
<br />Sewer utility
<br />-
<br />-
<br />1,947,356
<br />1,742,380
<br />1,947,356
<br />1,742,380
<br />Street light utility
<br />-
<br />-
<br />172,765
<br />178,576
<br />172,765
<br />178,576
<br />Recycling utility
<br />-
<br />-
<br />514,231
<br />507,067
<br />514,231
<br />507,067
<br />Storm water utility
<br />-
<br />-
<br />791,605
<br />715,349
<br />791,605
<br />715,349
<br />Total expenses
<br />21,923,210
<br />20,476,293
<br />5,321,733
<br />4,915,730
<br />27,244,943
<br />25,392,023
<br />Changes in net position before transfers
<br />7,782,638
<br />5,652,017
<br />1,392,844
<br />5,416,360
<br />91175,482
<br />11,068,377
<br />Transfers
<br />93,147
<br />85,147
<br />(93,147)
<br />(85,147)
<br />-
<br />-
<br />Changes in net position
<br />7,875,785
<br />5,737,164
<br />1,299,697
<br />5,331,213
<br />9,175,482
<br />11,068,377
<br />Net position - beginning
<br />99,950,599
<br />94,213,435
<br />106,066,647
<br />100,735,434
<br />206,017,246
<br />194,948,869
<br />Net position - ending
<br />$ 107,826,384 $
<br />99,950,599
<br />$ 107,366,344 $
<br />106,066,647
<br />$ 215,192,728 $
<br />206,017,246
<br />Governmental Activities - Governmental activities account for a $7,875,785 increase in the City's net position.
<br />Capital grants and contributions increased by $4,060,222 to reflect the increases in funding for street
<br />improvements, the reclassification of park dedication fees, and developer contributions.
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