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<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.
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<br />The following table presents the change in the net position of the City for the years ended December 31,
<br />2023 and 2022:
<br />
<br />2022
<br />Program
<br />Expenses Revenues Net Change Net Change
<br />Net (expense) revenue
<br />Governmental activities
<br />General government 229,235$ 49,851$ (179,384)$ (214,794)$
<br />Public safety 146,518 23,368 (123,150) (120,607)
<br />Public works 191,910 31,340 (160,570) (59,188)
<br />Conservation and development 77,993 1,292 (76,701) (57,923)
<br />Interest on long-term debt 31,617 – (31,617) (31,222)
<br />Business-type activities
<br />Water 49,576 43,910 (5,666) (37,625)
<br />Sewer 75,447 58,207 (17,240) (2,530)
<br />Total net (expense) revenue 802,296$ 207,968$ (594,328) (523,889)
<br />General revenues
<br />Property taxes and franchise fees 672,797 572,118
<br />Grants and contributions not restricted 27,334 27
<br />Investment earnings (charges)58,035 (46,172)
<br />Other revenues 3,500 972
<br />Total general revenues 761,666 526,945
<br />Change in net position 167,338$ 3,056$
<br />2023
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<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 and
<br />unrestricted grants. It also shows that the City’s business-type activities are not generating sufficient
<br />program revenues (service charges and program-specific grants) to cover expenses.
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