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<br />-20-
<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 />2022 and 2021:
<br />
<br />2021
<br />Program
<br />Expenses Revenues Net Change Net Change
<br />Governmental activities
<br />1,299,419$ 393,417$ (906,002)$ (944,666)$
<br />2,663,521 1,082,239 (1,581,282) (1,746,976)
<br />1,796,184 955,793 (840,391) (83,733)
<br />1,013,507 151,398 (862,109) (466,417)
<br />199,988 3,500 (196,488) (411,016)
<br />Business-type activities
<br />2,473,906 3,121,319 647,413 1,450,541
<br />1,817,972 2,483,777 665,805 553,804
<br />610,730 1,020,226 409,496 303,234
<br />173,092 196,715 23,623 48,577
<br />Total net (expense) revenue 12,048,319$ 9,408,384$ (2,639,935) (1,296,652)
<br />General revenues
<br />General property taxes 4,404,477 4,293,895
<br />Tax increments 338,899 396,891
<br />Franchise taxes 94,320 97,549
<br />Unrestricted investment earnings (charges)(560,873) (41,582)
<br />Gain on sale of capital assets 197,910 –
<br />Total general revenues 4,474,733 4,746,753
<br />Change in net position 1,834,798$ 3,450,101$
<br />Water
<br />Recycling
<br />Economic development
<br />Sewer
<br />Surface water management
<br />2022
<br />Net (expense) revenue
<br />General government
<br />Public safety
<br />Parks and recreation
<br />Public works
<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. It also shows that the City’s business-type activities are generating sufficient program revenues
<br />(service charges and program-specific grants) to cover expenses. This is critical given the current
<br />downward pressures on the general revenue sources. As previously discussed in this report, changes in the
<br />investment market, contributed to the decrease in current year investment earnings.
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