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<br />Management Discussion and Analysis - Continued
<br />May 4, 2006
<br />
<br />Governmental activities. Governmental activities decreased the City's net assets by $1,273,066, thereby accounting for all of
<br />the decrease in the net assets of the City. Key elements of this decrease are as follows:
<br />
<br />Revenues
<br />Program revenues
<br />Charges for services
<br />Operating grants and contributions
<br />Capital grants and contributions
<br />General revenues
<br />Taxes
<br />Property taxes/tax increments
<br />Other taxes
<br />Grants and contributions
<br />not restricted to specific programs
<br />Unrestricted investment earnings
<br />Gain on sale of capital assets
<br />Miscellaneous
<br />
<br />Total revenues
<br />
<br />Expenses
<br />General government
<br />Public safety
<br />Public works
<br />Culture and recreation
<br />Economic development
<br />Miscellaneous
<br />Interest on long-term debt
<br />Water
<br />Sewer
<br />
<br />Total expenses
<br />
<br />Increase (decrease) in net assets before
<br />before capital contributions from
<br />other funds and transfers
<br />Capital contributions from other funds
<br />Transfers
<br />
<br />Change in net assets
<br />Net assets, January 1
<br />Prior period adjustment
<br />
<br />Net assets, December 31
<br />
<br />Changes in Net Assets
<br />
<br />Governrnental Activities
<br />Increase
<br />2005 2004 (Decrease)
<br />
<br />$ 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 />$ 442,812
<br />104,298
<br />1,636,566
<br />
<br />1,540,185
<br />5,098
<br />
<br />13,884
<br />139,088
<br />
<br />153,203
<br />
<br />4,035,134
<br />
<br />644,210
<br />827,930
<br />524,498
<br />46,452
<br />107,563
<br />18,101
<br />109,989
<br />
<br />2,278,743
<br />
<br />1,756,391
<br />(387,349)
<br />
<br />1,369,042
<br />7,579,540
<br />786,000
<br />
<br />$ 9,734,582
<br />
<br />Business-type Activities
<br />Increase
<br />2005 2004 (Decrease)
<br />
<br />$ 7,445 $ 662,786
<br />(42,940)
<br />(1,584,684) 32,820
<br />
<br />83,925
<br />(4,321)
<br />
<br />64,334
<br />(11,197) 80,701
<br />66,989
<br />(73,392)
<br />
<br />(1,493,841 )
<br />
<br />(117,623)
<br />948,539
<br />549,195
<br />25,953
<br />8,877
<br />(77)
<br />90,810
<br />
<br />1,505,674
<br />
<br />(2,999,515)
<br />348,241
<br />9,166
<br />
<br />(2,642,108)
<br />2,155,042
<br />(786,000)
<br />
<br />$(1,273,066)
<br />
<br />776,307
<br />
<br />205,969
<br />355,443
<br />
<br />561,412
<br />
<br />214,895
<br />39,108
<br />(9,166)
<br />
<br />244,837
<br />8,764,268
<br />
<br />$ 9,009,105
<br />
<br />$ 588,676
<br />
<br />40,058
<br />
<br />82,773
<br />
<br />711,507
<br />
<br />189,459
<br />285,061
<br />
<br />474,520
<br />
<br />236,987
<br />387,349
<br />
<br />624,336
<br />8,139,932
<br />
<br />$ 8,764,268
<br />
<br />$ 74,110
<br />
<br />(7,238)
<br />
<br />(2,072)
<br />
<br />64,800
<br />
<br />16,510
<br />70,382
<br />
<br />86,892
<br />
<br />(22,092)
<br />(348,241 )
<br />(9,166)
<br />
<br />(379,499)
<br />624,336
<br />
<br />$ 244,837
<br />
<br />The reduction in program revenues for capital grants and contributions in governmental activities the difference in debt issuance
<br />amounts for the reporting years. Governmental activities expenses changed as a result of delays in general government and public
<br />works capital improvements; public safety facility development (joint police station) expenditures; and, the addition oflong-term
<br />debt interest payments for the GO Improvement Bonds, Series 2004B.
<br />
<br />-VI-
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