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<br />GENERAL FUND BUDGETARY HIGHLIGHTS
<br />
<br />Total General Fund revenues were $201,320 more than estimated in the budget. Licenses and permits
<br />exceeded budgeted levels by $177,012, primarily due to building permit fees with an increase in
<br />construction activity in the City. Expenditures within the General Fund were less than budget by
<br />$245,696, spread across several functions but most noticeably in general government and parks and
<br />recreation, mainly in personal services.
<br />
<br />During the year, the City Council approved budget amendments, which slightly reduced revenues by
<br />$18,990 and increased transfers out by $548,000, moving available resources to other funds.
<br />
<br />
<br />CAPITAL ASSETS AND LONG-TERM LIABILITIES
<br />
<br />Capital Assets – The City’s investment in capital assets for its governmental and business-type activities
<br />as of December 31, 2021 amounts to $48,106,337 (net of accumulated depreciation). This investment in
<br />capital assets includes items such as land, construction in progress, buildings and structures, infrastructure
<br />and improvements, distribution and collection systems, machinery and equipment, office furniture and
<br />equipment, and vehicles.
<br />
<br />2021 2020 2021 2020 2021 2020
<br />Land 2,679,818$ 2,679,818$ –$ –$ 2,679,818$ 2,679,818$
<br />Construction in progress 2,369,392 429,828 1,585,722 381,935 3,955,114 811,763
<br />Buildings and structures 3,467,247 3,688,414 538,604 580,147 4,005,851 4,268,561
<br />Infrastructure and improvements 17,656,824 18,198,967 – – 17,656,824 18,198,967
<br />Distribution and collection systems – – 18,065,524 18,298,005 18,065,524 18,298,005
<br />Machinery and equipment 286,054 279,004 302,272 329,713 588,326 608,717
<br />Office furniture and equipment 13,805 20,639 – – 13,805 20,639
<br />Vehicles 1,141,075 1,121,396 – – 1,141,075 1,121,396
<br />Total 27,614,215$ 26,418,066$ 20,492,122$ 19,589,800$ 48,106,337$ 46,007,866$
<br />Table 3
<br />Capital Assets
<br />(Net of Depreciation)
<br />Total
<br />Business-Type
<br />Activities
<br />Governmental
<br />Activities
<br />
<br />
<br />Increases in the current year included ongoing projects for streets, related utility infrastructure, and trails,
<br />contributing to the changes in the table above as of year-end.
<br />
<br />Additional information on the City’s capital assets can be found in Note 3 of the notes to basic financial
<br />statements.
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