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<br />Management Discussion and Analysis - Continued
<br />April 20, 2005
<br />
<br />An additional portion of the City's net assets (20.5 percent) represents resources that are subject to external restrictions on how
<br />they may be used. The remaining balance of un res meted net assets (6,136,858) may be used to meet the City's ongoing
<br />obligations to citizens and creditors.
<br />
<br />At the end of the current fiscal year, the City is able to report positive balances in all three categories of net assets, both for the
<br />City as a whole, as well as for its separate govermnental and business-type activities.
<br />
<br />There was an increase of $624,336 in restricted net assets reported in connection with the City's business-type activities.
<br />
<br />Governmental activities. Governmental activities increased the City's net assets by $1,369,042, thereby accounting for 68.7
<br />percent of the total growth in the net assets of the City. Key elements of this 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 />Property taxes/tax increments
<br />Other taxes
<br />Grants and contributions not
<br />restricted to specific programs
<br />Unrestricted investment earnings
<br />Miscellaneous
<br />Capital contributions from
<br />other funds
<br />
<br />Total revenues
<br />
<br />Expenses
<br />Govenunental activities
<br />General government
<br />Public safety
<br />Public works
<br />Economic development
<br />Culture and recreation
<br />Miscellaneous
<br />Interest on long-term debt
<br />Business-type activities
<br />Water
<br />Sewer
<br />
<br />Total expenses
<br />
<br />Change in net assets
<br />
<br />Net assets, January 1
<br />Prior period adjustment
<br />
<br />Net assets, December 31
<br />
<br />2004
<br />
<br />Governmental Activities
<br />
<br />Changes in Net Assets
<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 />153,203
<br />
<br />(387,349)
<br />
<br />3,647,785
<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 />1,369,042
<br />
<br />7,579,540
<br />786,000
<br />
<br />$ 9,734,582
<br />
<br />2003
<br />
<br />$ 347,347
<br />159,749
<br />1,760,247
<br />
<br />1,464,242
<br />764
<br />
<br />20,801
<br />88,548
<br />12,020
<br />
<br />3,853,718
<br />
<br />1,123,551
<br />820,296
<br />390,644
<br />47,037
<br />76,067
<br />29,247
<br />110,989
<br />
<br />201,323
<br />270,450
<br />
<br />3,069,604
<br />
<br />1,266,427
<br />
<br />6,313,109
<br />
<br />$ 7,579,536
<br />
<br />Business-type Activities
<br />2004 2003
<br />
<br />$
<br />
<br />588,676
<br />
<br />40,058
<br />
<br />82,773
<br />
<br />387,349
<br />1,098,856
<br />
<br />189,459
<br />285,061
<br />
<br />474,520
<br />
<br />624,336
<br />8,139,932
<br />
<br />$ 8,764,268
<br />
<br />-VI-
<br />
<br />$
<br />
<br />617,835
<br />
<br />795,734
<br />
<br />75,832
<br />10,540
<br />
<br />1,499,941
<br />
<br />606,092
<br />335,704
<br />
<br />941,796
<br />
<br />1,007,088
<br />
<br />5,635,253
<br />1,497,593
<br />
<br />$ 8,139,934
<br />
<br />Total
<br />2004 2003
<br />
<br />$ 1,031,488
<br />104,298
<br />1,676,624
<br />
<br />1,540,185
<br />5,098
<br />
<br />13,884
<br />221,861
<br />153,203
<br />
<br />4,746,641
<br />
<br />644,210
<br />827,930
<br />524,498
<br />46,452
<br />
<br />18,101
<br />109,989
<br />
<br />189,459
<br />285,061
<br />
<br />2,645,700
<br />
<br />1,993,378
<br />
<br />15,719,472
<br />786,000
<br />
<br />$ 18,498,850
<br />
<br />$ 965,182
<br />159,749
<br />2,555,981
<br />
<br />1,464,242
<br />764
<br />
<br />20,801
<br />164,380
<br />22,560
<br />
<br />5,353,659
<br />
<br />1,123,551
<br />820,296
<br />390,644
<br />47,037
<br />76,067
<br />29,247
<br />110,989
<br />
<br />807,415
<br />606,154
<br />
<br />4,011,400
<br />
<br />2,273,515
<br />
<br />11,948,362
<br />1,497,593
<br />
<br />$ 15,719,470
<br />
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