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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 and activities of the City's enterprise funds, which include the Water <br />Fund and Sewer Fund. <br />ENTERPRISE FUNDS FINANCIAL POSITION <br />Tile following table summarizes the changes in the financial position of the City's enterprise funds during <br />the year ended December 31, 2025, presented both by classification and by fund: <br />Enterprise Funds Change in Financial Position <br />Net position of enterprise funds <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 />2025 <br />2024 <br />Change <br />$ 1,185,886 $ 1,161,981 $ 23,905 <br />491,107 490,892 215 <br />$ 1,676,993 $ 1,652,873 $ 24,120 <br />$ 549,425 $ 541,873 $ 7,552 <br />1.127.568 1,111.000 16,568 <br />$ 1,676,993 $ 1,652,873 $ 24,120 <br />In total, the net position of the City's enterprise funds increased by $24,120 during the year ended <br />December 31, 2025. Net investments in capital assets increased $23,905, due to new construction in <br />progress started in the current year. <br />-13- <br />