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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 />2019 and 2018:
<br />
<br />2018
<br />Program
<br />Expenses Revenues Net Change Net Change
<br />Governmental activities
<br />1,337,262$ 392,923$ (944,339)$ (1,001,790)$
<br />2,471,567 960,220 (1,511,347) (1,477,024)
<br />1,416,785 677,860 (738,925) 145,714
<br />798,717 109,531 (689,186) 626,237
<br />369,256 – (369,256) (391,156)
<br />Business-type activities
<br />2,295,820 2,412,370 116,550 730,977
<br />1,663,498 2,099,857 436,359 231,795
<br />513,209 851,273 338,064 341,395
<br />172,232 163,746 (8,486) (10,098)
<br />Total net (expense) revenue 11,038,346$ 7,667,780$ (3,370,566) (803,950)
<br />General revenues
<br />Property taxes 3,793,754 3,578,894
<br />Tax increment collections 388,697 351,569
<br />Franchise taxes 100,464 101,237
<br />Unrestricted investment earnings 376,026 199,687
<br />Total general revenues 4,658,941 4,231,387
<br />Change in net position 1,288,375$ 3,427,437$
<br />2019
<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 />
<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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