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Governmental activities
<br />. Governmental activities decreased the City’s net assets by $734,213. Key elements of this increase are as
<br />follows:
<br />City of Centerville’s Changes in Net Assets
<br />Governmental ActivitiesBusiness-type Activities
<br />IncreaseIncrease
<br />20112010(Decrease)20112010(Decrease)
<br />Revenues
<br />Program revenues
<br />Charges for services$ 349,045$ 402,377$ (53,332)$ 691,020$ 687,407$ 3,613
<br />Operating grants and contributions305,362 70,805 234,557 2,971 2,971-
<br />Capital grants and contributions 835,568 232,360 603,208 96,421 201,120 (104,699)
<br />General revenues
<br />Taxes
<br />Property taxes/tax increments 1,675,130 1,678,293 (3,163) - - -
<br />Property taxes, levied for debt service520,278 482,219 38,059 - - -
<br />Other taxes 2,708 753 1,955 - - -
<br />Grants and contributions
<br />not restricted to specific programs18,544 18,665 (121) - - -
<br />Unrestricted investment earnings 29,025 31,954 (2,929) 29,970 40,615 (10,645)
<br />Miscellaneous 380 4,692 (4,312) - - -
<br />Total revenues 3,736,040 2,922,118 813,922 820,382 929,142 (108,760)
<br />Expenses
<br />General government 536,926 536,362 564 - - -
<br />Public safety 1,024,690 1,059,361 (34,671) - - -
<br />Public works 443,229 1,333,377 (890,148) - - -
<br />Culture and recreation 712,987 231,500 481,487 - - -
<br />Economic development 15,074 15,078 (4) - - -
<br />Interest on long-term debt 368,421 469,258 (100,837) - - -
<br />Water - - 373,184- 345,071 28,113
<br />Sewer - - 438,610- 422,596 16,014
<br />Storm Water - - 85,167- 122,475 (37,308)
<br />Total expenses 3,101,327 3,644,936 (543,609) 896,961 890,142 6,819
<br />Increase (decrease) in
<br />net assets before transfers 634,713 (722,818) 1,357,531 (76,579) 39,000 (115,579)
<br />Transfers 99,500 209,500 (110,000) (99,500) (209,500) 110,000
<br />Change in net assets 734,213 (513,318) 1,247,531 (176,079) (170,500) (5,579)
<br />Net assets, January 1 10,360,17110,873,489 (513,318)10,757,384 10,927,884 (170,500)
<br />Net assets, December 31$ 10,360,17111,094,384$ 734,213$ $ 10,757,38410,581,305$ (176,079)$
<br />Capital and operating grants, and contributions increased due grants for the irrigation project.
<br />Expenses decreased a total of $543,609 with the largest decrease in public works due to capitalization of projects done in 2010.
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