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<br />The following table provides the City’s Summary of Net Position:
<br />
<br />2018 2017 2018 2017 2018 2017
<br />Assets
<br />Current and other assets 12,852,671$ 14,155,756$ 3,252,652$ 2,312,905$ 16,105,323$ 16,468,661$
<br />Capital assets 26,972,898 22,750,377 19,867,868 16,292,000 46,840,766 39,042,377
<br />Total assets 39,825,569$ 36,906,133$ 23,120,520$ 18,604,905$ 62,946,089$ 55,511,038$
<br />Deferred outflows of resources
<br />Pension plan deferments – PERA 183,899$ 311,733$ 47,339$ 129,205$ 231,238$ 440,938$
<br />Liabilities
<br />Long-term liabilities
<br /> outstanding 891,506$ 1,020,742$ 3,014,867$ 541,973$ 3,906,373$ 1,562,715$
<br />Other liabilities 2,056,217 1,204,043 1,336,827 387,738 3,393,044 1,591,781
<br />Total liabilities 2,947,723$ 2,224,785$ 4,351,694$ 929,711$ 7,299,417$ 3,154,496$
<br />Deferred inflows of resources
<br />Pension plan deferments – PERA 318,242$ 353,646$ 190,981$ 213,655$ 509,223$ 567,301$
<br />State aid received for subsequent years 23,171 312,100 – – 23,171 312,100
<br />Total deferred inflows of resources 341,413$ 665,746$ 190,981$ 213,655$ 532,394$ 879,401$
<br />Net position
<br />Net investment in capital assets 26,972,898$ 22,750,377$ 17,295,916$ 16,292,000$ 44,268,814$ 39,042,377$
<br />Restricted 1,010,521 898,739 – – 1,010,521 898,739
<br />Unrestricted 8,736,913 10,678,219 1,329,268 1,298,744 10,066,181 11,976,963
<br />Total net position 36,720,332$ 34,327,335$ 18,625,184$ 17,590,744$ 55,345,516$ 51,918,079$
<br />Activities Activities Total
<br />Governmental Business-Type
<br />Summary of Net Position
<br />as of December 31, 2018 and 2017
<br />Table 1
<br />
<br />Restricted net position of $1,010,521 comprises 1.8 percent of net position at the close of the fiscal year
<br />ended December 31, 2018. These assets are subject to external restrictions on how they may be used.
<br />
<br />The balance of unrestricted net position, $10,066,181, or approximately 18.2 percent, may be used to
<br />meet the City’s ongoing obligations to citizens and creditors. Certain balances within unrestricted net
<br />position may have internally imposed commitments or limitations, which may further limit the purpose
<br />for which such net position may be used.
<br />
<br />At the end of the current fiscal year, the City is able to report positive balances in all three categories of
<br />net position, both for the government as a whole, as well as for its separate governmental and
<br />business-type activities. The same situation held true for the prior fiscal year.
<br />
<br />Both governmental activities and business-type activities experienced changes in deferred outflows of
<br />resources, deferred inflows of resources, and long-term liabilities as a result of the City’s participation in
<br />a state-wide defined benefit pension plan. The business-type activities long-term liabilities increased in
<br />the current year, due to the issuance of revenue bonds.
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