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Proprietary Funds — The City's Proprietary Funds provide the same type of information found in the government -wide financial statements, but in more detail. The City's Enterprise Funds had a combined net position balance of $96,677,630 at December 31, 2018. The financial activities of these funds have been summarized in previous charts within this discussion. The City's Internal Service Fund had an ending net position of $497,694. The Enterprise Funds consist of the Water Utility Fund, Sewer Utility Fund, Street Light Utility Fund, Recycling Utility Fund, and Storm Water Utility Fund. The growth in net position reflects the ongoing expansion and provision of services to the various service areas of the utilities. Capital Assets — The City's investment in capital assets (net of accumulated depreciation) for its governmental and business -type activities as of December 31, 2018 are as follows: Governmental Actrvrties Bus Ines s -Type Actrvrties Totals ?(11S .'.01Z ?(11S .'.01Z Land $ 6.S4S.022 $ 6.S4S.022 $ S6S.513 $ S6S.513 $ 7.716.535 $ 7.716.535 Construction m progress 2.224.390 16L.S91 30.731 L214.149 2.255.121 2.830.040 Buildings and structures 29.291_S44 29.402.849 6.05S.S47 6.05S.S47 35.350.691 35.461696 Improvements other thanbuildings 11632.254 110S9.703 17.OS9.77S 15.744.605 28.722.032 26.834.308 Office equipment 675.OSS 668.396 - - 675.OSS 668.396 1\lo torvehicles 3.776.621 3.96S.6S5 - - 3.776.621 3.96S.6S5 Machinery and equipment 7.042.354 6.635.538 1101.645 534.315 8.143.999 7.469.856 Infrastructure 39.356.498 36.965.046 - - 39.356.498 36.965.046 \Va ter ands ewer lutes - - 51003.308 50.097.118 51003.308 50.097.118 100.847.041 97.194.L30 76.152.822 74.817.550 176.999.863 172.0116S0 Les s accumulated de pre cmtion 33.165.906 30.279.339 22.499.484 20.962.265 55.665.390 51241604 Totalcaprtalassets.net ofdepreciation $ 67.6S1L35 $ 66.914.791 $ 53.653.338 $ 53.855.285 $ 121334.473 $ 120.770.076 Depreciationexpense $ 3.429.643 $ 3.335.799 $ 15S0.361 $ 1511.965 $ 5.010.004 $ 4.847.767 The City's investment in capital assets for its governmental and business -type activities as of December 31, 2018 amounts to approximately $121 million (net of accumulated depreciation). The governmental activities show an increase of $766,344 in capital assets attributable to an increase in capitalized projects. Business -type activities show a decrease of $201,947 in capital assets. The decrease is attributable to an increase in accumulated depreciation. Additional details of capital asset activity for the year can be found in Note 4 of the notes to basic financial statements. Long -Term Liabilities — The Debt Service Funds account for the accumulation of resources to finance all of the City's general obligation bonds. The revenue sources for these funds include annual tax levies and special assessments. At year-end, major debt service fund balance was $971,719 and non -major debt service fund balance was $1,650,132 for a total of $2,621,851 in fund balance restricted for debt service. The following table summarizes the City's long-term liabilities: 2018 2017 Covetzuuetital Activities Bo tads $ 25,295AOO $ 26.075AOO Capital ecl>_tipmei>_t certificates 875,000 1,020,000 Comp et>_sated abs elac es 905,627 847,202 Net petisioti liability 4,683,942 5,892,660 Total OPI-1-t liability 645,239 565,491 Subtotal 32,404,808 34,400,353 l3usilaess-type Activities Net petisio. liability 543,043 581,651 Total $ 32,947,851 $ 34,982AO4 35