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<br />The following table provides a condensed version of the Statement of Activities for the year ended
<br />December 31, 2017 with comparative amounts for the year ended December 31, 2016:
<br />
<br />2017 2016 2017 2016 2017 2016
<br />Revenues
<br />Program revenues
<br />Charges for services 1,360,377$ 1,174,536$ 4,909,841$ 5,101,622$ 6,270,218$ 6,276,158$
<br />Operating grants and contributions 2,031,474 308,900 24,655 26,323 2,056,129 335,223
<br />Capital grants and contributions 448,945 462,105 – 59,248 448,945 521,353
<br />General revenues
<br />Property taxes 3,526,347 3,278,287 – – 3,526,347 3,278,287
<br />Tax increment collections 295,788 242,544 – – 295,788 242,544
<br />Franchise taxes 109,070 132,548 – – 109,070 132,548
<br />Unrestricted investment earnings 139,347 155,191 32,754 17,835 172,101 173,026
<br />Total revenues 7,911,348 5,754,111 4,967,250 5,205,028 12,878,598 10,959,139
<br />Expenses
<br />General government 1,322,106 1,384,908 – – 1,322,106 1,384,908
<br />Public safety 2,158,835 2,047,961 – – 2,158,835 2,047,961
<br />Public works 3,512,218 800,157 – – 3,512,218 800,157
<br />Parks and recreation 759,737 751,910 – – 759,737 751,910
<br />Economic development 276,841 361,029 – – 276,841 361,029
<br />Water – – 2,159,874 1,833,468 2,159,874 1,833,468
<br />Sewer – – 1,780,260 1,513,219 1,780,260 1,513,219
<br />Surface water management – – 481,026 468,965 481,026 468,965
<br />Recycling – – 147,919 141,190 147,919 141,190
<br />Total expenses 8,029,737 5,345,965 4,569,079 3,956,842 12,598,816 9,302,807
<br />Increase (decrease) in net position
<br /> before transfers (118,389) 408,146 398,171 1,248,186 279,782 1,656,332
<br />Transfers 230,765 230,765 (230,765) (230,765) – –
<br />Increase (decrease) in net position 112,376 638,911 167,406 1,017,421 279,782 1,656,332
<br />Net position – beginning 34,214,959 33,576,048 17,423,338 16,405,917 51,638,297 49,981,965
<br />Net position – ending 34,327,335$ 34,214,959$ 17,590,744$ 17,423,338$ 51,918,079$ 51,638,297$
<br />Activities Activities Total
<br />Table 2
<br />Changes in Net Position
<br />Years Ended December 31, 2017 and 2016
<br />Governmental Business-Type
<br />
<br />
<br />Governmental Activities – Current year operating results of governmental activities increased net
<br />position by $112,376, compared to an increase of $638,911 in the prior year. Changes from the prior year
<br />included the following:
<br />
<br />• Operating grants and contributions were up due to a one-time reimbursement from the county for
<br />its share of a joint street project.
<br />
<br />• Public works spending was up in the current year, due to the contribution of capital assets to the
<br />county for a multi-year street project accumulated by the City as part of the joint street project.
<br />
<br />Business-Type Activities – Current year operating results of business-type activities increased net
<br />position by $167,406, due to positive results of the utility operations of the City. Program revenues
<br />exceeded program expenses for each of the City’s business-type activities, except water.
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