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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 />2025, and 2024:
<br />Net (expense) revenue
<br />Governmental activities
<br />General government
<br />Public safety
<br />Highways and streets
<br />Culture and recreation
<br />Economic development
<br />Interest and fiscal charges
<br />Business -type activities
<br />Water utility
<br />Sewer utility
<br />Street light utility
<br />Recycling utility
<br />Stoii'water utility
<br />2025 2024
<br />Expenses
<br />Program
<br />Revenues Net Change Net Change
<br />$ 6,126,045 $ 1,872,360 $ (4,253,685) $ (3,230,831)
<br />9,597,991 2,418,367 (7,179,624) (6,455,186)
<br />9,194,282 8,687,382 (506,900) (247,673)
<br />2,682,150 628,392 (2,053,758) (781,208)
<br />1,342,690 — (1,342,690) (1,488,674)
<br />1,134,749 — (1,134,749) (1,317,942)
<br />2,360,896
<br />2,539,590
<br />216,126
<br />580,435
<br />1,198,990
<br />6,386,655
<br />4,662,217
<br />257,712
<br />553,985
<br />3,444,019
<br />4,025,759 6,765,366
<br />2,122,627 911,013
<br />41,586 75,827
<br />(26,450) (10,589)
<br />2,245,029 1,420,317
<br />Total net (expense) revenue $ 36,973,944 $ 28,911,089 (8,062,855) (4,359,580)
<br />General revenues
<br />Property taxes
<br />General grants and contributions
<br />Investment earnings
<br />Gain on sale of capital assets
<br />Total general revenues
<br />23,699,395 23,041,341
<br />135,308 3,760
<br />4,327,879 4,470,909
<br />59,675 94,090
<br />28,222,257 27,610,100
<br />Change in net position $ 20,159,402 $ 23,250,520
<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, general
<br />grants and contributions, investment earnings, and gain on sale of capital assets. In contrast, the City's
<br />business -type activities tend to rely more heavily on program revenues like charges for services (sales)
<br />and program -specific grants to cover expenses. This is critical given the current downward pressures on
<br />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.
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