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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 />2021 and 2020:
<br />
<br />2020
<br />Program
<br />Expenses Revenues Net Change Net Change
<br />Governmental activities
<br />1,283,605$ 338,939$ (944,666)$ (1,116,635)$
<br />2,804,933 1,057,957 (1,746,976) (2,151,702)
<br />1,310,895 1,227,162 (83,733) (773,039)
<br />883,155 416,738 (466,417) (366,950)
<br />411,016 – (411,016) (480,307)
<br />Business-type activities
<br />2,166,362 3,616,903 1,450,541 358,231
<br />1,754,753 2,308,557 553,804 230,073
<br />599,084 902,318 303,234 330,554
<br />154,611 203,188 48,577 20,867
<br />Total net (expense) revenue 11,368,414$ 10,071,762$ (1,296,652) (3,948,908)
<br />General revenues
<br />General property taxes 4,293,895 4,100,177
<br />Tax increments 396,891 273,043
<br />Franchise taxes 97,549 101,057
<br />Unrestricted grants and contributions – 745,040
<br />Unrestricted investment earnings (charges)(41,582) 417,667
<br />Gain on sale of capital assets – 17,500
<br />Total general revenues 4,746,753 5,654,484
<br />Change in net position 3,450,101$ 1,705,576$
<br />Water
<br />Recycling
<br />Economic development
<br />Sewer
<br />Surface water management
<br />2021
<br />Net (expense) revenue
<br />General government
<br />Public safety
<br />Parks and recreation
<br />Public works
<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 />grants, contributions, and investment earnings. It also shows that 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. Increases in capital
<br />grants and contributions (program revenues) contributed to the larger changes in the public works, water,
<br />and sewer functions in the table above when compared to the prior year.
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