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<br />GOVERNMENT-WIDE FINANCIAL STATEMENTS
<br />
<br />In addition to fund-based information, the current reporting model for governmental entities also requires
<br />the inclusion of two government-wide financial statements designed to present a clear picture of the City
<br />as a single, unified entity. These government-wide financial statements provide information on the total
<br />cost of delivering services, including capital assets and long-term liabilities.
<br />
<br />STATEMENT OF NET POSITION
<br />
<br />The Statement of Net Position essentially tells you what your city owns and owes at a given point in time,
<br />the last day of the fiscal year. Theoretically, net position represents the resources the City has leftover to
<br />use for providing services after its debts are settled. However, those resources are not always in spendable
<br />form, or there may be restrictions on how some of those resources can be used. Therefore, net position is
<br />divided into three components: investment in capital assets, restricted, and unrestricted.
<br />
<br />The following table presents the components of the City’s net position as of December 31, 2019 and 2018
<br />for governmental activities and business-type activities (utility fund operations):
<br />
<br />Increase
<br />2019 2018 (Decrease)
<br />Net position
<br />Governmental activities
<br />Net investment in capital assets 26,988,912$ 26,972,898$ 16,014$
<br />Restricted 1,096,698 1,010,521 86,177
<br />Unrestricted 9,070,332 8,736,913 333,419
<br />Total governmental activities 37,155,942 36,720,332 435,610
<br />Business-type activities
<br />Net investment in capital assets 17,452,137 17,295,916 156,221
<br />Unrestricted 2,025,812 1,329,268 696,544
<br />Total business-type activities 19,477,949 18,625,184 852,765
<br />Total net position 56,633,891$ 55,345,516$ 1,288,375$
<br />As of December 31,
<br />
<br />Net position for governmental activities increased by $435,610 in 2019, as presented above. The largest
<br />change in governmental activities occurred in unrestricted net position. Positive operations improved
<br />unrestricted net position.
<br />
<br />The change in net position for business-type activities is consistent with our earlier discussion for the
<br />utility operations, which are presented under the same, full accrual, basis of accounting.
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