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STATEMENT OF ACTIVITIES <br />The Statement of Activities *tracks the. City°s yearly revenues and. expenses, .as well as any other I. <br />transactions that increase or reduce1otal d6t position. These'ainounts represent the full cost of providing. <br />services. The :Statement of Activities:.pfovides a those comprehensive measure than just the. amount of <br />cash that changed hands; as. reflected in the .fund -based financial statements. This statement includes the <br />cost of supplies used, depreciation of Iong-lived capital assets. and.other.accrual-based expenses; <br />The fgllowiiig table presents the. change in the. met Jx?sition of the .City for the years.ended Degember 31.. <br />2024; and 2023: <br />Net (expense) revenue <br />Governmental activities. <br />General government <br />Public safet} <br />Public works <br />Conservation and development <br />Interest on lona-term debt <br />Business -type activities <br />Water <br />Sewer <br />Total.nei (expense) revenue <br />General revenues <br />Property taxes and franchise fees <br />Grants and contributions not restricted <br />Investment earnings (charges) <br />Other revenues <br />Total: general revenues <br />Change in netposition. <br />2024 2023 <br />Program <br />�xpienses Revenues Net Change Net Ithange <br />$. 249,527 S 87,.139 S. (162,388) S (179,384) <br />207,710 <br />1,076. <br />(206.634) <br />(123,150) <br />114,598 <br />57,331 <br />(57,267) <br />(160.570) <br />.89,298 <br />— <br />(89,298) <br />(76,701) <br />24,871 <br />— <br />(24,871) <br />(31,617) <br />.361464 <br />24,102 <br />(12,362) <br />(5,666) <br />93,030 <br />80,255. <br />(12,775) <br />(.11,240) <br />S. 815.498.. S 249.9.03 (5165,595). <br />709,040 672;797 <br />10;.719 27;334 <br />55,734 581035 <br />8 "500 <br />775.501 761,666 <br />$ 209,906 S 167338 <br />One of the gdals. of this statement is to provide a side -by -side comparison to illustrate the difTerexnee in the <br />way the. Cii governmental and business -type operatie>tns are financed. The table clearly illustrates the <br />dependence of the C:i€y'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. <br />-1:6- <br />