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<br />Management Discussion and Analysis - Continued
<br />May 3,2007
<br />
<br />Governmental activities. Governmental activities increased the City's net assets by $441,218, thereby accounting for 22 percent
<br />of the total growth in the net assets ofthe City. Key elements ofthis increase are as follows:
<br />
<br />Revenues
<br />Program revenues
<br />Charges for services
<br />Operating grants and contributions
<br />Capital grants and contributions
<br />General revenues
<br />Taxes
<br />Property taxes/tax increments
<br />Other taxes
<br />Grants and contributions
<br />not restricted to specific programs
<br />Umestricted investment earnings
<br />Gain on sale of capital assets
<br />Miscellaneous
<br />
<br />Total revenues
<br />
<br />Expenses
<br />General govermnent
<br />Public safety
<br />Public works
<br />Culture and recreation
<br />Economic development
<br />Miscellaneous
<br />Interest on long-term debt
<br />Water
<br />Sewer
<br />Storm Water
<br />
<br />Total expenses
<br />
<br />Increase (decrease) in net assets before
<br />before capital contributions from
<br />other funds and transfers
<br />Capital contributions (to) from other funds
<br />Transfers
<br />
<br />Change in net assets
<br />Net assets, January 1
<br />
<br />Net assets, December 31
<br />
<br />Changes in Net Assets
<br />
<br />2006
<br />
<br />$ 416,135
<br />417,526
<br />1,402,196
<br />
<br />1,767,110
<br />5,642
<br />
<br />36,026
<br />210,512
<br />
<br />(3,190)
<br />4,251,957
<br />
<br />538,308
<br />999,878
<br />423,484
<br />125,765
<br />398,064
<br />19,960
<br />231,974
<br />
<br />2,737,433
<br />
<br />1,514,524
<br />(839,504)
<br />(233,802)
<br />
<br />441,218
<br />8,461,516
<br />
<br />$ 8,902,734
<br />
<br />Govermnental Activities
<br />
<br />2005
<br />
<br />$ 450,257
<br />61,358
<br />51,882
<br />
<br />1,624,110
<br />777
<br />
<br />78,218
<br />127,891
<br />66,989
<br />79,811
<br />
<br />2,541,293
<br />
<br />526,587
<br />1,776,469
<br />1,073,693
<br />72,405
<br />116,440
<br />18,024
<br />200,799
<br />
<br />3,784,417
<br />
<br />(1,243,124)
<br />(39,108)
<br />9,166
<br />
<br />(1,273,066)
<br />9,734,582
<br />
<br />$ 8,461,516
<br />
<br />Increase
<br />(Decrease )
<br />
<br />$ (34,122)
<br />356,168
<br />1,350,314
<br />
<br />143,000
<br />4,865
<br />
<br />(42,192)
<br />82,621
<br />(66,989)
<br />(83,001)
<br />
<br />1,710,664
<br />
<br />11,721
<br />(776,591)
<br />(650,209)
<br />53,360
<br />281,624
<br />1,936
<br />31,175
<br />
<br />(1,046,984)
<br />
<br />2,757,648
<br />(800,396)
<br />(242,968)
<br />
<br />1,714,284
<br />(1,273,066)
<br />
<br />$ 441,218
<br />
<br />2006
<br />
<br />$ 699,051
<br />
<br />427,529
<br />
<br />100,803
<br />
<br />1,227,383
<br />
<br />349,563
<br />363,425
<br />23,996
<br />
<br />736,984
<br />
<br />490,399
<br />839,504
<br />233,802
<br />
<br />1,563,705
<br />9,009,105
<br />
<br />$ 10,572,810
<br />
<br />Business-type Activities
<br />
<br />2005
<br />
<br />$ 662,786
<br />
<br />32,820
<br />
<br />80,701
<br />
<br />776,307
<br />
<br />205,969
<br />355,443
<br />
<br />561,412
<br />
<br />214,895
<br />39,108
<br />(9,166)
<br />
<br />244,837
<br />8,764,268
<br />
<br />$ 9,009,105
<br />
<br />Increase
<br />(Decrease )
<br />
<br />$ 36,265
<br />
<br />394,709
<br />
<br />20,102
<br />
<br />451,076
<br />
<br />143,594
<br />7,982
<br />23,996
<br />
<br />175,572
<br />
<br />275,504
<br />800,396
<br />242,968
<br />
<br />1,318,868
<br />244,837
<br />
<br />$ 1,563,705
<br />
<br />The increase in program revenues for capital grants and contributions in governmental activities and business-type activities is a
<br />result of private residential developments. Governmental activities expenses changed as a result of completion of public works
<br />improvements and the joint police station in 2005. Economic development expenses increased as a result of professional services
<br />provided for pending development projects. Business-type activities, more precisely, water expenses increased as a result of
<br />professional services completed for the planning of pending water improvements.
<br />
<br />~--
<br />
<br />-VI-
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