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GOVERNMENT -WIDE FINANCIAL ANALYSIS (CONTINUED) At the end of the current fiscal year, the City is able to report positive balances in all three categories of net position, both for the government as a whole, as well as for its separate governmental and business -type activities. Changes in the City's proportionate share of state-wide pension obligations contributed to the differences in amounts presented as deferred outflows, noncurrent liabilities, and deferred inflows in the previous table. The City also issued debt in the current year to finance a portion of the ongoing construction of a new public works facility, which changed assets, liabilities, and net position components. The following is a summary of the City's changes in net position: Changes in Net Position Govenunental Business -Type Activities Activities Total 2020 2019 2020 2019 2020 2019 Revenues Program revenues Charges for services $ 2.142.064 $ 2.878.991 $ 5.957.197 $ 5.515.884 $ 8.099.261 $ 8.394.875 Operating grants and contributions 603.389 461.826 57.865 67.961 661.254 529.787 Capital grants and contnbutions 4.930.496 3.434344 1.683.338 2.596.210 6.613.834 6.030.554 General revenues Property taxes 13.744.948 12.894.388 - - 13.744.948 12.894.388 Francluse fees 423.045 - - - 423.045 - General grants and contnbutions 2.053.933 5.617 - - 2.053.933 5.617 Inveshment eanungs 1.035.274 1.122.573 1391.802 1.462.125 2.427.076 2.584.698 Gain on sale of capital assets 2372 8.428 - - 2.372 8.428 Total revenues 24.935.521 20.806.167 9.090_202 9.642.180 34.025.723 30.448347 Expenses General govennnent 5.640.679 5.139.352 - - 5.640.679 5.139352 Public safety 6.468.397 5.844.265 - - 6.468.397 5.844.265 Highways and streets 4.028.294 4.442.720 - - 4.028.294 4.442.720 Culture and recreation 1.917.228 1.756.810 - - 1.917.228 1.756.810 Economic development 481.858 - - - 481.858 Interest and fiscal charges 839.444 845.651 - - 839.444 845.651 Water utility - - 1.657.356 1.483.584 1.657.356 1.483.584 Sewer utility - - 1.723.238 1.631.260 1.723.238 1.631.260 Street light utility - - 169.463 171.619 169.463 171.619 Recycling utility - - 366.764 380.192 366.764 380.192 Storm water utility - - 777.252 590.645 777.252 590.645 Total expenses 19.375.900 18.028.798 4.694.073 4.257.300 24.069.973 22.286.098 Changes in net position before transfers Transfers 5.559.621 2.777369 6.229.699 (506.494) 4396.129 5.384.880 (6.229.699) 506.494 9.955.750 8.162_249 Changes in net position 11.789.320 2_270.875 (1.833.570) 5.891.374 9.955.750 8.162_249 Net position - beginning 82.424.115 80.153.240 102.569.004 96.677.630 184.993.119 176.830.870 Net position - ending $ 94.213.435 $ 82.424.115 $ 100.735.434 $ 102.569.004 $ 194.948.869 $ 184.993.119 Governmental Activities - Governmental activities account for an $11,789,320 increase in the City's net position. Charges for services decreased by $736,927 to reflect the decrease in park dedication fees collected. Capital grants and contributions increased by $1,496,152 due to the City being reimbursed for a major road project - Variolite Street Reconstruction in 2020. 30