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ENTERPRISE FUNDS OVERVIEW. <br />The: City maintains two enterprise funds to account for services.the City. provides1hatait financed primarily <br />through fees charged to those utilizing the service: This section oftlie report provides you Ith�an overview <br />o the financial trends and activities oftheCit .r's enterprise:funds, which include the Water Futid and. Sewer <br />Fund. <br />ENTERPRISE nAM FINAI;CIAL• POSIT orq <br />thefollowing table summarizes the changes in.tho financial position of the C.ity's-enterprise funds during. <br />the year ended December 31, 2020, presented both- by classification and. by fund: <br />Enterprise Fands:Change*in Financial Position <br />Net position .of enterprise Rinds <br />Total by classification <br />Net investment in capital assets <br />Uore�tricted <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 />2020 2019 <br />Change <br />$ 1,291,806 •$ 1,311,032 $ (0,226) <br />422;201 .454,037 (31,836) <br />$ 1,714,007 S lj0t069 reS (51,062) <br />A 407,$8Z $ 66:6,278. S (5$,396) <br />1;1' j 25 1,098,791 7,334 <br />1714,007 $ li765,069 $ (51,062}. <br />In total, .the. net position of the City's enterprise funds decreased by $51,062 during. the year ended <br />December 31,.2020. The decrease in. unrestricted net position i.s primarily -related to negative,operating <br />results in the Water Fond' -in the current year. <br />-13- <br />