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<br />STATEMENT OF ACTIVITIES
<br />
<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 />
<br />The following table presents the change in the net position of the City for the years ended December 31,
<br />2018 and 2017:
<br />
<br />2017
<br />Program
<br />Expenses Revenues Net Change Net Change
<br />Governmental activities
<br />1,286,845$ 285,055$ (1,001,790)$ (870,692)$
<br />2,248,540 771,516 (1,477,024) (1,124,411)
<br />1,695,449 1,841,163 145,714 (1,321,488)
<br />765,843 1,392,080 626,237 (595,509)
<br />391,156 – (391,156) (276,841)
<br />Business-type activities
<br />2,147,359 2,878,336 730,977 (32,349)
<br />1,654,079 1,885,874 231,795 15,968
<br />499,049 840,444 341,395 354,004
<br />168,145 158,047 (10,098) 27,794
<br />Total net (expense) revenue 10,856,465$ 10,052,515$ (803,950) (3,823,524)
<br />General revenues
<br />Property taxes 3,578,894 3,526,347
<br />Tax increment collections 351,569 295,788
<br />Franchise taxes 101,237 109,070
<br />Unrestricted investment earnings 199,687 172,101
<br />Total general revenues 4,231,387 4,103,306
<br />Change in net position 3,427,437$ 279,782$
<br />2018
<br />Net (expense) revenue
<br />General government
<br />Public safety
<br />Parks and recreation
<br />Public works
<br />Water
<br />Recycling
<br />Economic development
<br />Sewer
<br />Surface water management
<br />
<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 taxes and unrestricted
<br />investment earnings. It also shows that, for the most part, the City’s business-type activities are
<br />generating sufficient program revenues (service charges and program-specific grants) to cover expenses.
<br />This is critical given the current downward pressures on the general revenue sources.
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