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STATEMENT OF ACTIVITIES The Statement of Activities tracks the City's yearly revenues and expenses, as well as any other transactions that increase or reduce total net position. These amounts represent the full cost of providing services. The Statement of Activities provides a more comprehensive measure than just the amount of cash that changed hands, as reflected in the fund -based financial statements. This statement includes the cost of supplies used, depreciation of long-lived capital assets, and other accrual -based expenses. The following table presents the change in the net position of the City for the years ended December 31, 2025, and 2024: 2025 2024 Program Expenses Revenues Net Change Net Change Net (expense) revenue Governmental activities General government $ 286,256 $ 102,836 $ (183,420) $ (162,388) Public safety 207,700 7,753 (199,947) (206,634) Public works 79,166 113,522 34,356 (57,267) Conservation and development 153,460 — (153,460) (89,298) Interest and fiscal charges 25,476 — (25,476) (24,871) Business -type activities Water 37,391 49,788 12,397 (12,362) Sewer 99,559 78,194 (21,365) (12,775) Total net (expense) revenue $ 889,008 S 352,093 (536,915) (565,595) General revenues Property taxes 712,587 699,840 Franchise fees 7,441 9,200 Grants and contributions not restricted 10,719 Investment earnings 105,460 55,734 Other revenues 49,243 8 Total general revenues 874.731 775.501 Change in net position S 337,816 S 2o9.9oo One of the goals of this statement is to provide a side -by -side comparison to illustrate the difference in the way the City's governmental and business -type operations are financed. The table clearly illustrates the dependence of the City's governmental operations on general revenues, such as property taxes. It also shows if the City's business -type activities are not generating sufficient program revenues (service charges and program -specific grants) to cover expenses. -17-