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2014 Annual Financial Report
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2014 Annual Financial Report
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Business-type activities. Business-type activities increasedthe City’s net positionby $327,605.Key elements of this increase areas <br />follows: <br /> <br />Expenses and Program Revenues - Business-type Activities <br /> $1,200,000 <br /> $1,000,000 <br /> $800,000 <br /> $600,000 <br /> $400,000 <br /> $200,000 <br /> $- <br />WaterSewerStorm water <br />Program revenuesExpenses <br /> <br />Revenues by Source - Business-type Activities <br />Investment <br />earnings <br />3.3% <br />Capital grants and <br />contributions <br />44.7% <br />Charges for <br />services <br />52.0% <br />A further breakdown of expenses is shown below: <br />Governmental ActivitiesBusiness-type Activities <br />IncreaseIncrease <br />20142013(Decrease)20142013(Decrease) <br />Personnel costs$ 560,942$ 539,125$ 21,817$ 196,411$ 209,426$ (13,015) <br />Supplies 34,439 39,358 (4,919) 95,734 126,408 (30,674) <br />Other charges for services 1,352,432 1,305,744 46,688 956,670 735,520 221,150 <br />Capital outlay 509,231 35,891 473,340 - - - <br />Total$ 2,457,044$ 1,920,118$ 536,926$ 1,248,815$ 1,071,354$ 177,461 <br />-20- <br /> <br />
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