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<br />GENERAL FUND BUDGETARY HIGHLIGHTS
<br />
<br />Total General Fund revenues were $8,052 more than estimated in the budget. Licenses and permits and
<br />charges for services revenue exceeded budgeted levels by $201,844 and $27,103, respectively, with
<br />development activity surpassing expected amounts. An unfavorable variance in property taxes offset the
<br />favorable variances previously discussed. Expenditures within the General Fund were less than budget by
<br />$330,225 spread across several functions, but most noticeably in general government, mainly in personal
<br />services and other services and charges.
<br />
<br />During the year, the City Council approved one budget amendment increasing transfers out by $400,000,
<br />moving available resources to the Equipment, Building, and Replacement Fund.
<br />
<br />
<br />CAPITAL ASSETS AND LONG-TERM LIABILITIES
<br />
<br />Capital Assets – The City’s investment in capital assets for its governmental and business-type activities
<br />as of December 31, 2018 amounts to $46,840,766 (net of accumulated depreciation). This investment in
<br />capital assets includes items such as land, construction in progress, buildings and structures, infrastructure
<br />and improvements, distribution and collection systems, machinery and equipment, office furniture and
<br />equipment, and vehicles. The total increase in the City’s investment in capital assets for the current fiscal
<br />year was 20.0 percent (an increase of 18.6 percent for governmental activities and an increase of
<br />21.9 percent for business-type activities).
<br />
<br />2018 2017 2018 2017 2018 2017
<br />Land 2,679,818$ 2,679,818$ –$ –$ 2,679,818$ 2,679,818$
<br />Construction in progress 5,350,261 552,481 3,328,994 324,945 8,679,255 877,426
<br />Buildings and structures 3,404,870 3,594,986 663,234 704,778 4,068,104 4,299,764
<br />Infrastructure and improvements 13,853,074 14,242,467 – – 13,853,074 14,242,467
<br />Distribution and collection systems – – 15,797,304 15,173,947 15,797,304 15,173,947
<br />Machinery and equipment 300,821 300,958 78,336 88,330 379,157 389,288
<br />Office furniture and equipment 44,326 57,236 – – 44,326 57,236
<br />Vehicles 1,339,728 1,322,431 – – 1,339,728 1,322,431
<br />Total 26,972,898$ 22,750,377$ 19,867,868$ 16,292,000$ 46,840,766$ 39,042,377$
<br />Table 3
<br />Capital Assets
<br />(Net of Depreciation)
<br />Total
<br />Business-Type
<br />Activities
<br />Governmental
<br />Activities
<br />
<br />Increases in the current year included ongoing projects for streets, related utility infrastructure, and trails,
<br />contributing to the changes in the table above as of year-end.
<br />
<br />Additional information on the City’s capital assets can be found in Note 3 of the notes to basic financial
<br />statements.
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