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Governmental activities
<br />. Governmental activities decreased the City’s net assets by $513,318, thereby accounting for 75.1of
<br />the total decreasein net assets of the City. Key elements of this decrease areas follows:
<br />Changesin Net Assets
<br />Governmental ActivitiesBusiness-type Activities
<br />IncreaseIncrease
<br />20102009(Decrease)20102009(Decrease)
<br />Revenues
<br />Program revenues
<br />Charges for services$402,377$351,650$50,727$687,407$684,655$2,752
<br />Operating grants and contributions70,80574,978(4,173)---
<br />Capital grants and contributions232,3601,804,492(1,572,132)201,12054,418146,702
<br />General revenues
<br />Taxes
<br />Property taxes/tax increments1,678,2931,979,834(301,541)---
<br />Property taxes, levied for debt service482,219-482,219---
<br />Other taxes753-753---
<br />Grants and contributions
<br />not restricted to specific programs18,66518,551114---
<br />Unrestricted investment earnings31,95464,482(32,528)40,61593,668(53,053)
<br />Miscellaneous4,692-4,692---
<br />Total revenues2,922,1184,293,987(1,371,869)929,142832,74196,401
<br />Expenses
<br />General government536,362526,01510,347---
<br />Public safety1,059,3611,070,645(11,284)---
<br />Public works1,333,377753,640579,737---
<br />Culture and recreation231,500169,55561,945---
<br />Economic development15,07821,277(6,199)---
<br />Interest on long-term debt469,258438,30330,955---
<br />Water---345,071367,259(22,188)
<br />Sewer---422,596440,936(18,340)
<br />Storm Water---122,47585,16837,307
<br />Recycling----11,238(11,238)
<br />Total expenses3,644,9362,979,435665,501890,142904,601(14,459)
<br />Increase (decrease) in
<br />net assets before transfers(722,818)1,314,552(2,037,370)39,000(71,860)110,860
<br />Transfers 209,500469,113(259,613)(209,500)(469,113)259,613
<br />Change in net assets (513,318)1,783,665(2,296,983)(170,500)(540,973)370,473
<br />Net assets, January 110,873,4899,089,8241,783,66510,927,88411,468,857(540,973)
<br />Net assets, December 31$10,360,171$10,873,489$(513,318)$10,757,384$10,927,884$(170,500)
<br />Capital grants and contributions decreased due to the adoption of new assessments to finance the 2009 street and utility
<br />improvements in 2009.
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