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The City’s special purpose operations account for a variety of stand-alone functions including the City’s
<br />License Center and Information Technology (IT) Support areas. As noted above, the License Center
<br />continues to experience relative stability.The IT area has seen substantial growth in recent years as the
<br />City has not only emphasized greater investment in IT for its own needs, but it also provides IT support
<br />services for 38area municipalities and other governmental agencies. The City expects these IT
<br />partnerships to continue for the foreseeable future.
<br />After rising over the past few years, the City’s debt service paymentshave leveled off as recent bond
<br />issues have been offset by retiring bonds. This City does not have any current plans to issue new debt.
<br />Overall fund balance levels in the City’s governmental funds are expected to decline in the next few years
<br />as a result of planned capital replacements. This follows a period of expanding cash reserves as the City
<br />systematically set aside funds to finance improvements on a pay-as-you-go basis.
<br />Proprietary Funds
<br />The table below shows a five-year comparison of funding sources, uses, and changes in fund balance for
<br />all proprietary funds, which includes Sanitary Sewer, Water, Storm Sewer, Recycling, and the Golf
<br />Course.
<br />20122013201420152016
<br />Funding Sources
<br />ActualActualActualBudgetBudget
<br />Net Sales of Merchandise$8,070$8,947$11,714$-$-
<br />User Charges12,505,07312,895,70713,177,28916,746,41514,425,135
<br />Other Revenue114,523203,53780,788179,00023,000
<br />Total Sources12,627,66613,108,19113,269,79116,925,41514,448,135
<br />Funding Uses
<br />Personal Services1,488,7081,504,3711,618,2291,695,6001,756,800
<br />Supplies & Maintenance220,110233,827330,636255,900261,200
<br />Other Services & Charges9,311,4558,681,7548,492,8129,867,61011,101,150
<br />Depreciation835,570910,375876,3961,644,0003,395,000
<br />Total Uses11,855,84311,330,32711,318,07313,463,11016,514,150
<br />Other Sources (Uses)
<br />Interest Earnings39,801(207,704)298,04939,00040,000
<br />Sale of Assets47,384-9,536 - -
<br />Grants / Other309,873427,04790,419 - -
<br />Transfer In (out)(25,000)(25,000)(331,033) - (25,000)
<br />Total Other Sources (Uses)372,058194,34366,97139,00015,000
<br />Excess of Funding Sources
<br /> Over (Under) Funding Uses1,143,8811,972,2072,018,6893,501,305(2,051,015)
<br />Net Assets - Jan 1st24,643,59125,787,47227,759,67929,778,36833,279,673
<br />Prior Period Adjustment-----
<br />Net Assets - Dec 31st$25,787,472$27,759,679$29,778,368$33,279,673$31,228,658
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