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Management Discussion and Analysis - Continued
<br />May 19, 2010
<br />Governmental activities
<br />. Governmental activities increased the City’s net assets by $1,783,665, thereby accounting for all of the
<br />total growth in net assets of the City. Key elements of this increase are as follows:
<br />Changesin Net Assets
<br />Governmental ActivitiesBusiness-type Activities
<br />IncreaseIncrease
<br />20092008(Decrease)20092008(Decrease)
<br />Revenues
<br />Program revenues
<br />Charges for services$351,650$488,154$(136,504)$684,655$611,284$73,371
<br />Operating grants and contributions74,978267,347(192,369)---
<br />Capital grants and contributions1,804,492514,0881,290,40454,41853,570848
<br />General revenues
<br />Taxes
<br />Property taxes/tax increments1,979,8341,926,22953,605---
<br />Grants and contributions
<br />not restricted to specific programs18,55161,742(43,191)---
<br />Unrestricted investment earnings64,48269,178(4,696)93,668147,878(54,210)
<br />Miscellaneous-229(229)---
<br />Total revenues4,293,9873,326,967967,020832,741812,73220,009
<br />Expenses
<br />General government526,015555,884(29,869)---
<br />Public safety1,070,6451,099,305(28,660)---
<br />Public works753,640726,08727,553---
<br />Culture and recreation169,555192,083(22,528)---
<br />Economic development21,27715,7015,576---
<br />Interest on long-term debt438,303318,686119,617---
<br />Water---367,259337,92829,331
<br />Sewer---440,936388,50252,434
<br />Storm Water---85,16847,31737,851
<br />Recycling---11,238-11,238
<br />Total expenses2,979,4352,907,74671,689904,601773,747130,854
<br />Increase in net assets before
<br />before capital contributions from
<br />other funds and transfers1,314,552419,221895,331(71,860)38,985(110,845)
<br />Capital contributions (to) from other funds-(674,182)674,182-674,182(674,182)
<br />Transfers 469,113-469,113(469,113)-(469,113)
<br />Change in net assets 1,783,665(254,961)2,038,626(540,973)713,167(1,254,140)
<br />Net assets, January 19,089,8249,344,785(254,961)11,468,85710,755,690713,167
<br />Net assets, December 31$10,873,489$9,089,824$1,783,665$10,927,884$11,468,857$(540,973)
<br />Capital grants and contributions increased due to the adoption of new assessments to finance the 2009 street and utility
<br />improvements.
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