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<br />-17- <br />STATEMENT OF ACTIVITIES <br /> <br />The Statement of Activities tracks the City’s yearly revenues and expenses, as well as any other transactions <br />that increase or reduce total net position. These amounts represent the full cost of providing services. The <br />Statement of Activities provides a more comprehensive measure than just the amount of cash that changed <br />hands, as reflected in the fund-based financial statements. This statement includes the cost of supplies used, <br />depreciation of long-lived capital assets, and other accrual-based expenses. <br /> <br />The following table presents the change in the net position of the City for the years ended December 31, <br />2020 and 2019: <br /> <br />2019 <br />Program <br />Expenses Revenues Net Change Net Change <br />Net (expense) revenue <br />Governmental activities <br />General government 164,991$ 30,812$ (134,179)$ (107,741)$ <br />Public safety 106,319 – (106,319) (85,725) <br />Public works 115,405 43,058 (72,347) 29,503 <br />Conservation and development 59,270 1,095 (58,175) (97,789) <br />Interest on long-term debt 40,984 – (40,984) (38,960) <br />Business-type activities <br />Water 73,975 16,042 (57,933) (17,674) <br />Sewer 60,903 61,943 1,040 8,912 <br />621,847$ 152,950$ (468,897) (309,474) <br />General revenues <br />Property taxes 543,590 453,094 <br />Investment earnings 17,332 26,981 <br />Other revenues 391 2,513 <br />561,313 482,588 <br />92,416$ 173,114$ <br />Total net (expense) revenue <br />Total general revenues <br />Change in net position <br />2020 <br /> <br />One of the goals of this statement is to provide a side-by-side comparison to illustrate the difference in the <br />way the City’s governmental and business-type operations are financed. The table clearly illustrates the <br />dependence of the City’s governmental operations on general revenues, such as property taxes. <br />