|
Management Discussion and Analysis -Continued
<br />June 3, 2009
<br />Governmental activities. Governmental activities decreased the City's net assets by $254,961. This was mainly due to the
<br />transfer of capital assets to the proprietary funds. Key elements of this decrease are as follows:
<br />Changes in Net Assets
<br />Governmental Activities Business-type Activities
<br />Increase Increase
<br />2008 2007 (Decrease) 2008 2007 (Decrease)
<br />Revenues
<br />Program revenues
<br />Charges for services $ 488,154 $ 545,825 $ (57,671) $ 611,284 $ 599,309 $ 11,975
<br />Operating grants and contributions 267,347 81,905 185,442 - - -
<br />Capital grants and contributions 514,088 436,460 77,628 53,570 123,238 (69,668)
<br />General revenues
<br />Taxes
<br />Properly taxes/tax increments 1,926,229 1,849,661 76,568 - - -
<br />Other taxes - 1,724 (1,724) - - -
<br />Grants and contributions
<br />not restricted to specific programs 61,742 106,114 (44,372) - - -
<br />Unrestrictedinvestmenteamings 69,178 195,859 (126,681) 147,878 164,677 (16,799)
<br />Gain on sale of capital assets - 9,611 (9,611) - (4,320) 4,320
<br />Miscellaneous 229 - 229 - - -
<br />Total revenues 3,326,967 3,227,159 99,808 812,732 882,904 (70,172)
<br />Expenses
<br />General government 555,884 532,422 23,462 - - -
<br />Public safety 1,099,305 999,935 99,370 - - -
<br />Public works 726,087 751,402 (25,315) - - -
<br />Culture and recreation 192,083 134,706 57,377 - - -
<br />Economic development 15,701 32,751 (17,050) - - -
<br />Miscellaneous - - - - - -
<br />Iuterest on long-team debt 318,686 333,892 (15,206) - - -
<br />Water - - - 337,928 308,855 29,073
<br />Sewer - - - 388,502 357,276 31,226
<br />Storm Water - - - 47,317 33,893 13,424
<br />Total expenses 2,907,746 2,785,108 122,638 773,747 700,024 73,723
<br />Increase in net assets before
<br />before capital contributions from
<br />other funds and transfers 419,221 442,051 (22,830) 38,985 182,880 (143,895)
<br />Capital contributions (to) from other func (674,182) - (674,182) 674,182 - 674,182
<br />Transfers - - - - - -
<br />Change in net assets (254,961) 442,051 (697,012) 713,167 182,880 530,287
<br />Net assets, January 1 9,344,785 8,902,734 442,051 10,755,690 10,572,810 182,880
<br />Net assets, December 31 $ 9,089,824 $ 9,344,785 $ (254,961) $ 11,468,857 $ 10,755,690 $ 713,167
<br />Program revenues increased due to higher than normal building permit fees for storm damage repa irs and a community
<br />development grant for downtown redevelopment activities. At the same time, inco me from investments was reduced pri marily
<br />due to lower balances in the debt service funds. Capital expendit ures increased as a result of a pa yment of approximately $1
<br />million for the new public works facility, which was allocated between the General Fund and the water and sanitary sewer
<br />enterprise funds.
<br />-VI-
<br />
|