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STATEMENT OF ACTIVITIES
<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 />The following table presents the change in the net position of the City for the years ended December 31,
<br />2023 and 2022:
<br />2023
<br />2022
<br />Program
<br />Expenses
<br />Revenues
<br />Net Change
<br />Net Change
<br />Net (expense) revenue
<br />Governmental activities
<br />General government
<br />$ 1,505,270
<br />$ 422,902
<br />$ (1,082,368)
<br />$ (906,002)
<br />Public safety
<br />2,889,826
<br />1,019,754
<br />(1,870,072)
<br />(1,581,282)
<br />Public works
<br />1,327,617
<br />680,242
<br />(647,375)
<br />(840,391)
<br />Parks and recreation
<br />1,136,248
<br />93,721
<br />(1,042,527)
<br />(862,109)
<br />Economic development
<br />140,255
<br />323
<br />(139,932)
<br />(196,488)
<br />Business -type activities
<br />Water
<br />2,677,247
<br />3,093,292
<br />416,045
<br />647,413
<br />Sewer
<br />1,864,808
<br />2,488,391
<br />623,583
<br />665,805
<br />Surface water management
<br />673,556
<br />958,828
<br />285,272
<br />409,496
<br />Recycling
<br />154,519
<br />178,010
<br />23,491
<br />23,623
<br />Total net (expense) revenue
<br />$ 12,369,346
<br />$ 8,935,463
<br />(3,433,883)
<br />(2,639,935)
<br />General revenues
<br />General property taxes 4,570,332 4,404,477
<br />Tax increments 36,365 338,899
<br />Franchise taxes 92,096 94,320
<br />Unrestricted investment earnings (charges) 927,279 (560,873)
<br />Gain on sale of capital assets — 197,910
<br />Total general revenues 5,626,072 414741733
<br />Change in net position $ 2,192,189 $ 1,834,798
<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 increase in current year investment earnings.
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