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<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 /> Progmm Revenues
<br /> Olarges for services $ 640,723 $ 811,754 $ (171.031) $ 2.604,087 $ 2,095,252 $ 508,835
<br /> Operating grants and
<br /> contributions 65,649 183,727 (113,078) 17,869 18,489 (620)
<br /> Capital grants and
<br /> contributions 803,339 260,058 543,281 37,700 37,700
<br /> General Revenues
<br /> Taxes
<br /> PrOperlY taxes 2,303,598 2,260,261 43,337
<br /> Tax increments. 449,274 597,477 (148,203)
<br /> Fmnchise 13xes 63,428 56,593 6,835
<br /> Gmots and contributions
<br /> not restricted to
<br /> specific programs 33)00 31,]46 2,154
<br /> Unrestricted investment
<br /> eammgs 265,029 283,525 (l8,496) 5],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 2,71 J,433 2,]72,685 538,748
<br /> Expenses
<br /> Genera] government 978.463 934,322 44,141
<br /> Public safety 1,153,493 l,!<17,225 6,268
<br /> Public works 536,829 1,677,910 (1,141.081)
<br /> Culture and recreation 668,885 467,]54 20],731
<br /> Economic de.ie]opmem 2]5,467 213,804 1.663
<br /> Miscel]aneous 181,257 269,] II (87.854)
<br /> Interest on
<br /> long~tenn debl 87,080 122,259 (35.179)
<br /> Watel 1.321.076 1,201,108- 119,968
<br /> Sewer LI ]3,]89 975,768 137.421
<br /> Recycling 78.538 78,761 (223)
<br /> Surface waler
<br /> management 110,022 97,515 12,507
<br /> Total expenses 3,821.474 4,83],785 0.010,311) 2.622,825 2,353,]52 269,673
<br /> Change in net asseLs
<br /> beforetr<J.llsfers ],077,374 (347)44) 1,424,618 88.608 (180,467) 269,075
<br /> Transfers (30)62) 30,762 30,762 (30,762)
<br /> Change in net assets 1,077,374 (378.006) 1,455.380 88,608 (149,705) 238.313
<br /> Net assets, January 1 17,822,409 18,200,415 (378,006) ] 1.468.571 ] 1.910.895 (442,324)
<br /> Prior period adjustment 901,778 901,778 (292,619) 292,6J9
<br /> Netassels. December3l S ]9,801,561 $ 17,822,409 $ 1,979,152 S If,557,179 $ 11,468,571 $ 88,60-8
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<br /> ,VI,
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