<br /> Management Discussion and Analysis - Continued
<br /> April 14,2006
<br />. Governmental activities, Governmental activities increased the City's net assets by $1,077,374, thereby accounting for 92
<br /> percent of the total increase in the net assets of the City. Key elements of this increase are as follows:
<br /> Changes in Net Assets
<br /> Governmental Activities Business-type Activities
<br /> Increase Increase
<br /> 2005 2004 (Decrease) 2005 2004 (Decrease)
<br /> Revenues
<br /> Program Revenues
<br /> Charges for services S 640,723 S 811,754 S (171,031) S 2,604,087 S 2,095,252 S 508,835
<br /> Operating grants and
<br /> contributions 65,649 ]83,727 (118,078) 17.869 18,489 (620)
<br /> Capita] grants and
<br /> contributions 803,339 260,058 543,281 37,700 37,700
<br /> General Revenues
<br /> Taxes
<br /> Property taxes 2,303,598 2,260,261 43,337
<br /> Tax increments 449,274 597,477 (148,203)
<br /> Franchise taxes 63,428 56,593 6,835
<br /> Grants and contributions
<br /> not restricted to
<br /> specific programs 33,300 31,146 2,154
<br /> Unrestricted investment
<br /> earnings 265,029 283,525 (18,496) 51,777 58,944 (7,167)
<br /> Gain on sale of
<br /> capital assets 274,508 274,508
<br />. Total revenues 4,898,848 4.484,541 414,307 2,711,433 2,172,685 538,748
<br /> Expenses
<br /> General government 978.463 934,322 44,!41
<br /> Public safety 1,]53,493 1,147,225 6,268
<br /> Public works 536,829 1,677.910 (1,141,081)
<br /> Culture and recreation 668,885 467,154 201,731
<br /> Economic development 215,467 213,804 1,663
<br /> M isccllancous ]:\1,257 269,111 (87,854)
<br /> Interest on
<br /> long-term debt 87,080 122,259 (35,179)
<br /> Vlater 1,321,076 1,201,108 119,968
<br /> Sewcr 1,113,189 975,768- 137,421
<br /> Recycling 78,538 78,76] (223)
<br /> Surface water
<br /> management 110,022 97.515 ]2,507
<br /> Total expenses 3,82],474 4,831,785 (1,010,311) 2,622,825 2,353,152 269,673
<br /> Change in net assets
<br /> before transfers 1,077,374 (347,244) 1,424,618 88.608 (180,467) 269,075
<br /> Transfers (30,762) 30,762 30,762 (30,762)
<br /> Change in nct assets 1,077,374 (378,006) 1,455,380 88,608 (149.705) 238,313
<br /> Net assets, January ] ] 7,822,409 18,200.415 (378,006) 11,468,571 11.910,895 (442,324)
<br /> Prior period adjustment 901,778 90],778- (292,619) 292,619
<br /> Net assets, December 31 $ 19,801.561 $ 17,822,409 S ],979,152 $ 11,557,179 $ 1 ],468,571 S 88,608
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<br />-VI-
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