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ENTERPRISE FUNDS OVERVIEW <br />The City maintains two -.enterprise funds to account for services the City provides that -are financed* <br />primarily through fees charged to those -utilizing the service. This section of -the report provides you with <br />,an overview of the financial trends aitd activities of the City's enterprise ftinds, which include the Water <br />Fund and Sewer Fund. <br />ENTERPRISt .F1;mm FINANCIAL POSITION <br />The following table summarizes -the. changes in the financial position of the City's enterprise funds during <br />the year ended December 31, 2024;.presented both. by classificatidb and by fund:. <br />Enterprise Funds ChangcAn. Financial.Position <br />Net position of entetpHse fluids <br />Total by classification <br />Net. investment in capital assets. <br />Unrestricted. <br />Total enterprise funds <br />Total by fund <br />Water. <br />Sewer <br />Total..enterprise funds <br />Net Position <br />as of December 31, <br />2024 2023 Change <br />$ j.,l-0;981 $ 1,193,870 S (31,889) <br />490;892 455,794. 35,098 <br />S. 1,652,073 S 1,649,664 S 3,2.09. <br />S 541.,873 $ -5.57.574 $ (15001) <br />1.,111,600 1;092.090 M91.0r <br />S. 1.652,813 $ 1'1640,664 $ -3,209 <br />In total the net ppsitioft of the City°s enterprise funds increased by .$3,209 during the, *yqr* ended <br />❑ecember 3 T, 20�4,. which includes. an error correction previously mentioned. <br />.12- <br />