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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 Business -Type
<br />Activities .Activities
<br />Total
<br />2022 2021 2022 2021 2022 2021
<br />Revenues
<br />Program revenues
<br />Charges for services $ 1.918.322 S 3,022,077 $ 6,752,601 S 6.723.121 $ 8,670,923 $ 9,745,198
<br />Operating grants and contributions 707,223 774,960 57,700 73.524 764,923 848,434
<br />Capital grants and contributions 9,697,841 5,637,619 4,839.693 3,756,359 14,537,534 9,393,978
<br />General revenues
<br />Property taxes 17.637.477 14,761 0122 - - 17,637.477 14,761,012
<br />Franchise fees 4,859 2,071,476 - - 4,859 2,071,476
<br />General grants and contributions 3.644 2.963 3.644 2,963
<br />Investment earnings (charges) (286.023) 1164,122) (4,935,417) 12210914) (5,221,4401 (385,0361
<br />Gain on sale of capital assets 22.500 22.325 22,500 22,325
<br />Total revenues 20705,848 26,128.310 6,714,577 10.332090 36,420,425 36,460,400
<br />Expenses
<br />General government 4,967,112 4,563.229 - - 4,967,112 4,568,229
<br />Public safety 7,989,480 6,363,724 - -7,989,460 6,363,724
<br />Highways and streets 5.308,212 4,686.410 - - 5,308,212 4,686,416
<br />Culture and recreation 1.997,522 1,834,153 - - 1,997,522 1,834,153
<br />Econonux development 1.096,422 2,140.267 - - 1,096.422 2,140,267
<br />interest and fiscal charges 564,462 833,504 564,4622 883,504
<br />Water utility - 1,895,776 1,772,358 1,895,776 1,772,358
<br />Sewer utility - 1,947,356 1.742,380 1,947.356 1,742,380
<br />Street light utility - - 1.72,765 178,576 172,765 178,576
<br />Recyclingutilrty - - 514,231 507,067 514,231 507,067
<br />Storm stater utility - 791,605 715.749 791.605 715,349
<br />Total expenses 21,923,210 20,476,29; 5,321.733 4,915,730 27,244,943 25,392,023
<br />Changes in net position before transfers 7,7822,638 5,652017 1,392,844 5,416 360 9,175,482 11068,377
<br />Transfers 93.147 85,147 (93,147) 185.147)
<br />Changes in net position 7,875,785 5,737,164 1,299,697 5,331_213 9,175,482 11068,377
<br />Net position - beginning 99.950,599 94,213.435 106066,647 11111.735.434 206,017,246 194 948,869
<br />Net position - ending $ 107.826,384 $ 99,95(1,599 $ 107,366,344 S 106.066.647 $ 215,192.728 $ 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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