|
Other Information. The combining statements referred to earlier in connection with non-major governmental funds are
<br />presented following the notes to the financial statements. Combining and individual fund statements and schedules start
<br />on page 72 of this report.
<br />Government-wide Financial Analysis
<br />As noted earlier, net position may serve over time as a useful indicator of a g In the case of
<br />the City, assets and deferred outflows of resources exceeded its liabilities and deferred inflow of resources by
<br />$23,532,735 at the close of the most recent fiscal year.
<br />net position (58.3 percent) reflects its investment in capital assets (e.g., land,
<br />buildings, machinery and equipment); less any related debt used to acquire those assets that are still outstanding. The
<br />City uses these capital assets to provide services to citizens; consequently, these assets are not available for future
<br />spending.
<br />resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be
<br />used to liquidate these liabilities.
<br />City of CentervilleSummary of Net Position
<br />
<br />Governmental ActivitiesBusiness-type Activities
<br />IncreaseIncrease
<br />20212020(Decrease)20212020(Decrease)
<br />Assets
<br />Current and other assets$ 3,726,988$ 3,133,487$ 593,501$ 7,377,232$ 6,590,560$ 786,672
<br />Capital assets 10,471,457 10,962,994 (491,537) 5,625,112 5,957,870 (332,758)
<br />Total Assets 14,198,445 14,096,481 101,964 13,002,344 12,548,430 453,914
<br />Deferred Outflows of Resources
<br />Deferred pension resources 214,735 49,875 164,860 84,009 18,665 65,344
<br />Liabilities
<br />Noncurrent liabilities outstanding 2,702,954 3,193,401 (490,447) 130,154 159,232 (29,078)
<br />Other liabilities 676,837 671,132 5,705 99,719 101,446 (1,727)
<br />Total Liabilities 3,379,791 3,864,533 (484,742) 229,873 260,678 (30,805)
<br />Deferred Outflows of Resources
<br />Deferred pension resources 256,753 20,711 236,042 100,381 7,751 92,630
<br />Net Position
<br />Net investment in
<br />capital assets 8,106,098 8,202,079 (95,981) 5,625,112 5,957,870 (332,758)
<br />Restricted for
<br />Debt service 743,174 800,244 (57,070) - - -
<br />Cable TV 32,802 77,870 (45,068) - - -
<br />Public safety 43,126 - 43,126 - - -
<br />Unrestricted 1,851,436 1,180,919 670,517 7,130,987 6,340,796 790,191
<br />Total Net Position$ 10,776,636$ 10,261,112 $ 515,524$ 12,756,099$ 12,298,666$ 457,433
<br />net position (3.5 percent) represents resources that are subject to external restrictions
<br />on how they may be used. The remaining balance of vosftusjdufe!ofu!qptjujpo ($8,982,423
<br />ongoing obligations to 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
<br />the City as a whole, as well as for its separate governmental and business-type activities.
<br />19
<br />
<br />
|