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<br />The following table provides a condensed version of the Statement of Activities for the year ended
<br />December 31, 2022, with comparative amounts for the year ended December 31, 2021:
<br />2022 2021 2022 2021 2022 2021
<br />Revenues
<br />Program revenues
<br />Charges for services 1,307,456$ 1,212,170$ 6,140,224$ 5,979,339$ 7,447,680$ 7,191,509$
<br />Operating grants and contributions 375,965 565,106 30,323 27,213 406,288 592,319
<br />Capital grants and contributions 902,926 1,263,520 651,490 1,024,414 1,554,416 2,287,934
<br />General revenues
<br />General property taxes 4,404,477 4,293,895 – – 4,404,477 4,293,895
<br />Tax increments 338,899 396,891 – – 338,899 396,891
<br />Franchise taxes 94,320 97,549 – – 94,320 97,549
<br />Unrestricted investment earnings (charges)(460,213) (30,940) (100,660) (10,642) (560,873) (41,582)
<br />Gain on sale of capital assets 197,910 – – – 197,910 –
<br />Total revenues 7,161,740 7,798,191 6,721,377 7,020,324 13,883,117 14,818,515
<br />Expenses
<br />General government 1,299,419 1,283,605 – – 1,299,419 1,283,605
<br />Public safety 2,663,521 2,804,933 – – 2,663,521 2,804,933
<br />Public works 1,796,184 1,310,895 – – 1,796,184 1,310,895
<br />Parks and recreation 1,013,507 883,155 – – 1,013,507 883,155
<br />Economic development 199,988 411,016 – – 199,988 411,016
<br />Water – – 2,473,906 2,166,362 2,473,906 2,166,362
<br />Sewer – – 1,817,972 1,754,753 1,817,972 1,754,753
<br />Surface water management – – 610,730 599,084 610,730 599,084
<br />Recycling – – 173,092 154,611 173,092 154,611
<br />Total expenses 6,972,619 6,693,604 5,075,700 4,674,810 12,048,319 11,368,414
<br />Increase in net position
<br /> before transfers 189,121 1,104,587 1,645,677 2,345,514 1,834,798 3,450,101
<br />Transfers 300,000 300,000 (300,000) (300,000) – –
<br />Increase in net position 489,121 1,404,587 1,345,677 2,045,514 1,834,798 3,450,101
<br />Net position – beginning 39,494,599 38,090,012 22,294,969 20,249,455 61,789,568 58,339,467
<br />Net position – ending 39,983,720$ 39,494,599$ 23,640,646$ 22,294,969$ 63,624,366$ 61,789,568$
<br />Table 2
<br />Changes in Net Position
<br />Years Ended December 31, 2022 and 2021
<br />Governmental
<br />Activities
<br />Business-Type
<br />Activities Total
<br />Governmental Activities – Current year operating results of governmental activities increased net
<br />position by $489,121, compared to an increase of $1,404,587 in the prior year. Revenues were down in
<br />the current year with less capital grants and contributions from capital-related assessments. The City
<br />recognized fewer operating grants and contributions, with more park contributions last year. Market value
<br />adjustments recorded on investments in the current year reduced unrestricted investment earnings.
<br />Expenses were up largely in public works, with more street maintenance and in parks and recreation, with
<br />more programing costs in the current year.
<br />Business-Type Activities – Current year operating results of business-type activities increased net
<br />position by $1,345,677, 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. A decrease in water and sewer
<br />access charges reduced capital grants and contributions in the business-type activities in the current year.
<br />Market value adjustments recorded on investments in the current year reduced unrestricted investment
<br />earnings. An increase in pension charges and purchased water contributed to the change in current year
<br />spending.
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