|
Government -wide Financial Analysis
<br />As noted earlier, net position may serve over time as a useful indicator of a government's financial position. In the case of the City,
<br />assets exceeded liabilities by $21,092,484 at the close of the most recent fiscal year.
<br />By far, the largest portion of the City's net position ( 65 percent) reflects its investment in capital assets (e.g., land, buildings,
<br />machinery and equipment); less any related debt used to acquire those assets that are still outstanding. The City uses these capital
<br />assets to provide services to citizens; consequently, these assets are not available for future spending. Although the City's investment
<br />in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from
<br />other sources, since the capital assets themselves cannot be used to liquidate these liabilities.
<br />Assets
<br />Current and other assets
<br />Capital assets
<br />Total assets
<br />Deferred outflows of resources
<br />Deferred pension resources
<br />Liabilities
<br />Noncurrent liabilities outstanding
<br />Other liabilities
<br />Total liabilities
<br />Deferred outflows of resources
<br />Deferred pension resources
<br />Net position
<br />Net investment in
<br />capital assets
<br />Restricted for
<br />Debt service
<br />Cable TV
<br />Unrestricted
<br />Total net position
<br />City of Centerville's Summary of Net position
<br />2016
<br />Governmental Activities Business -type Activities
<br />Increase Increase
<br />2015 (Decrease) 2016 2015 (Decrease)
<br />$ 4,695,928 $ 2,694,410 $ 2,001,518 $ 5,704,387 $ 5,212,075 $ 492,312
<br />14,040,134 14,844,955 (804,821) 6,362,898 6,713,084 (350,186)
<br />18,736,062 17,539,365 1,196,697 12,067,285 11,925,159 142,126
<br />179,845 36,129 143,716 69,726 14,572 55,154
<br />9,298,120 7,959,225 1,338,895 205,776 139,269 66,507
<br />341,533 240,076 101,457 32,088 11,521 20,567
<br />9,639,653 8,199,301 1,440,352 237,864 150,790 87,074
<br />59,752 71,656 (11,904) 23,165
<br />7,410,615 7,229,955 180,660 6,362,898
<br />28,901 (5,736)
<br />6,713,084 (350,186)
<br />1,853,334 2,376,939 (523,605) - - -
<br />34,438 26,936 7,502 - - -
<br />(81,885) (329,293) 247,408 5,513,084 5,046,956 466,128
<br />$ 9,216,502 $ 9,304,537 $ (88,035) $11,875,982 $11,760,040 $ 115,942
<br />An additional portion of the City's net position (8.9 percent) represents resources that are subject to external restrictions on how they
<br />may be used. The remaining balance of unrestricted netposition ($5,431,199) may be used to meet the City's ongoing obligations to
<br />citizens and creditors.
<br />At the end of the current fiscal year, the City is able to report positive balances in all three categories of net position for the City as a
<br />whole, as well as for its separate governmental and business -type activities with the exemption of unrestricted net position for
<br />governmental activities. The same situation held true for the prior year.
<br />-17-
<br />
|