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GOVERNMENT -WIDE FINANCIAL STATEMENTS.
<br />In addition to fund -based. information, the current reporting model for governmental entities a4b. requires
<br />'the inclusion of two government -wide financial statements designed to present a clear picture of`the City
<br />:as a single, unified entity. These government -wide financial statemeno provide information. -on the total
<br />cost of delivering services, including capital assets and long-term liabilities,
<br />STATEMENT or. NET PastzroN
<br />The Statement of Not Position essentially tells you what the City owns and owes at a given point in time,
<br />the last day of the fiscal year: Theoretically, .net position represents the resources the City has lef3over.to
<br />use for providing services after its debts are settled. However,. those resources are not. always in spendable
<br />form., o>~theip may be restrictions on how some:of those resources can be used. Therefore, net position is'.
<br />divided intathree cotmponentsi net. investment in capital assets, restricted,. and unrestricted.
<br />The following table presents the components of the City's tiet Position as.oi`Deeember 31,:2021:.arid 2020,
<br />€or governmental activities and business -type activities:
<br />Net position
<br />Govemmental activities.
<br />Net investment: in capital assets
<br />Restricted
<br />Unrestricted
<br />Total govemmentaI activities.
<br />Business -type activities
<br />Net. investment in capital assets
<br />Unrestricted
<br />Total businessAype•activiti"
<br />Total net position
<br />As of. Decembet 31.,
<br />2021 .2020 Change
<br />S 462,018 $ 3.44;931 S 1.17,087
<br />751.623 765:096 (1.3,473)
<br />946,.198 1,019;820 03,622)-
<br />2,159,839. 2,129,847 29,'9..92
<br />1,262;271 1.,291,806 (790535.)
<br />4'16,631 422,201' _ 24,430
<br />1-,708,'902 1,714,007 (5;105)
<br />$ 3,868,741 3,843,854 $ 24,887
<br />The City's total net position at December�1, 2021 was $24,887 higher than the previous year-end. 01 the
<br />increase, $29;992 came. from. governmental .activities and. was offset by a $5,105 decreaso.'from
<br />business -type activities.
<br />The governmental activities net investment in capital assets Increased $117;087, mainly due. -to increased
<br />construction activity in the current year:. Unrestrioted not position decreased $73,6.22, mainly due to
<br />investment in capital assets with no new debf.
<br />The decrease in business=type activities :net position way explained in the preceding discussion of :the
<br />activities of the enterprise funds.
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