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<br />The following table provides a condensed version of the Statement of Activities for the year ended
<br />December 31, 2021, with comparative amounts for the year ended December 31, 2020:
<br />
<br />2021 2020 2021 2020 2021 2020
<br />Revenues
<br />Program revenues
<br />Charges for services 1,212,170$ 647,552$ 5,979,339$ 5,201,133$ 7,191,509$ 5,848,685$
<br />Operating grants and contributions 565,106 409,403 27,213 25,365 592,319 434,768
<br />Capital grants and contributions 1,263,520 634,369 1,024,414 60,661 2,287,934 695,030
<br />General revenues
<br />General property taxes 4,293,895 4,100,177 – – 4,293,895 4,100,177
<br />Tax increments 396,891 273,043 – – 396,891 273,043
<br />Franchise taxes 97,549 101,057 – – 97,549 101,057
<br />Unrestricted grants and contributions – 745,040 – – – 745,040
<br />Unrestricted investment earnings (charges)(30,940) 348,886 (10,642) 68,781 (41,582) 417,667
<br />Gain on sale of capital assets – 17,500 – – – 17,500
<br />Total revenues 7,798,191 7,277,027 7,020,324 5,355,940 14,818,515 12,632,967
<br />Expenses
<br />General government 1,283,605 1,460,627 – – 1,283,605 1,460,627
<br />Public safety 2,804,933 2,737,348 – – 2,804,933 2,737,348
<br />Public works 1,310,895 1,267,480 – – 1,310,895 1,267,480
<br />Parks and recreation 883,155 634,195 – – 883,155 634,195
<br />Economic development 411,016 480,307 – – 411,016 480,307
<br />Water – – 2,166,362 1,996,083 2,166,362 1,996,083
<br />Sewer – – 1,754,753 1,665,146 1,754,753 1,665,146
<br />Surface water management – – 599,084 546,365 599,084 546,365
<br />Recycling – – 154,611 139,840 154,611 139,840
<br />Total expenses 6,693,604 6,579,957 4,674,810 4,347,434 11,368,414 10,927,391
<br />Increase (decrease) in net position
<br /> before transfers 1,104,587 697,070 2,345,514 1,008,506 3,450,101 1,705,576
<br />Transfers 300,000 237,000 (300,000) (237,000) – –
<br />Increase in net position 1,404,587 934,070 2,045,514 771,506 3,450,101 1,705,576
<br />Net position – beginning 38,090,012 37,155,942 20,249,455 19,477,949 58,339,467 56,633,891
<br />Net position – ending 39,494,599$ 38,090,012$ 22,294,969$ 20,249,455$ 61,789,568$ 58,339,467$
<br />Activities Activities Total
<br />Table 2
<br />Changes in Net Position
<br />Years Ended December 31, 2021 and 2020
<br />Governmental Business-Type
<br />
<br />Governmental Activities – Current year operating results of governmental activities increased net
<br />position by $1,404,587, compared to an increase of $934,070 in the prior year. Revenues were up in the
<br />current year with more development activity contributing to the change in charges for services and more
<br />capital grants and contributions from capital-related assessments. The City recognized less unrestricted
<br />grants and contributions with one-time coronavirus relief funds recognized last year.
<br />
<br />Business-Type Activities – Current year operating results of business-type activities increased net
<br />position by $2,045,514, due to positive results of the utility operations of the City. Program revenues
<br />exceeded program expenses for each of the City’s business -type activities. The increase in development
<br />activity also contributed to more capital grants and contributions in the business -type activities with more
<br />water and sewer access charges in the current year. The City’s recognition of American Rescue Plan Act
<br />resources for allowable water improvements also contributed to the increase in capital grants and
<br />contributions in business-type activities.
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