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GOVERNMENT -WIDE FINANCIAL STATEMENTS
<br />In addition to fund -based information, the current reporting model for goveriunental entities also requires
<br />the inclusion of two:govemment-wide financial statements designed to present a clear picture of the City
<br />M, a single, uttified:entity. These government=wide financial statements provide information on the total
<br />costof delivering services, including capital .assets and long-term liabilities.
<br />STATIE;MFNT'bF N. r PostTtoN
<br />The Statement.of Net Position essentially tells you what the City owns and owes at a given.point in time;.
<br />the last day of -the fiscal year. Tlieoretically,-fiet position.represents.the resources the City has leftover to
<br />use for providing. services after its debts are'settled. However, those resources are not always in spendable
<br />form, orthere may be restrictions on how some of.those resources can be used.. Therefore, net position: is
<br />divided into. three components: net investment in capital assets, Kesiripted,.and.unrestricted.
<br />The following table presents the components. of ihe.Ciky's net position as of December 31, 2024-attd 2419,
<br />for governmental aedvities and Business -type activities:
<br />Net position
<br />Governmental activities
<br />Net. investment iii capital assets
<br />Restricted
<br />Unrestricted
<br />Tptal-govftxfiental activities
<br />Business -type activities
<br />Net investment in capital assets
<br />Unrestricted
<br />Total business -type activities.
<br />Total net position
<br />As of December 31,
<br />2020 2019 Change
<br />$ 34.4,931 $ 335,.71.9 $ 9,212
<br />765,096 794;416 (29,320)
<br />1;019;820 856,234 163,586
<br />1J29,847 I ; 986,369 143,478
<br />1,291;80.6 1,311,032 (19,226.)
<br />422,20.1 454,037 (31,836}
<br />1,7L4,047 1,705,069 (51,062)
<br />$ 3.843,854 $ 3,751,438 $ 92,41.6.
<br />The CWs*total net positibti at .December j 1; 2424-was.$92,41.6. higher than`the previous year-end. Of the
<br />increase, $143,478 came from. governmental activities and was offset by -a -$$57x462, decrease from
<br />business -type activities.
<br />The governmental.activitiesxestdood net position decreased $29,320; mainly duetopayments.on long-term
<br />debt in the debt service -funds..Uhrestrii Wd net position 'increased $:1W86, mainly due to positive
<br />operating results.
<br />The decrease in business -type activities net position was explained. in the preceding ,discussion ,of the.
<br />activities of the enterprise, funds:
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