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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 t he years ended December 31,
<br />2020 and 2019:
<br />
<br />2019
<br />Program
<br />Expenses Revenues Net Change Net Change
<br />Governmental activities
<br />1,460,627$ 343,992$ (1,116,635)$ (944,339)$
<br />2,737,348 585,646 (2,151,702) (1,511,347)
<br />1,267,480 494,441 (773,039) (738,925)
<br />634,195 267,245 (366,950) (689,186)
<br />480,307 – (480,307) (369,256)
<br />Business-type activities
<br />1,996,083 2,354,314 358,231 116,550
<br />1,665,146 1,895,219 230,073 436,359
<br />546,365 876,919 330,554 338,064
<br />139,840 160,707 20,867 (8,486)
<br />Total net (expense) revenue 10,927,391$ 6,978,483$ (3,948,908) (3,370,566)
<br />General revenues
<br />Property taxes 4,100,177 3,793,754
<br />Tax increment collections 273,043 388,697
<br />Franchise taxes 101,057 100,464
<br />Unrestricted grants and contributions 745,040 –
<br />Unrestricted investment earnings 417,667 376,026
<br />Gain on sale of capital assets 17,500 –
<br />Total general revenues 5,654,484 4,658,941
<br />Change in net position 1,705,576$ 1,288,375$
<br />Water
<br />Recycling
<br />Economic development
<br />Sewer
<br />Surface water management
<br />2020
<br />Net (expense) revenue
<br />General government
<br />Public safety
<br />Parks and recreation
<br />Public works
<br />
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<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 />grants, contributions, and investment earnings. It also shows that, for the most part, the City’s business-
<br />type activities are generating sufficient program revenues (service charges and program -specific grants) to
<br />cover expenses. This is critical given the current downward pressures on the general revenue sources.
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