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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 />Cityhas 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 governmentalfunds 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 />20132014201520162017
<br />Funding Sources
<br />ActualActualActualBudgetBudget
<br />Net Sales of Merchandise$8,947$11,714$23,505$-$-
<br />User Charges12,895,70713,177,28913,476,10614,425,13514,641,110
<br />Other Revenue203,53780,78875,73223,000110,500
<br />Total Sources13,108,19113,269,79113,575,34314,448,13514,751,610
<br />Funding Uses
<br />Personal Services1,504,3711,618,2291,650,8631,790,0001,820,700
<br />Supplies & Maintenance233,827330,636242,999263,100272,400
<br />Other Services & Charges8,681,7548,492,8128,271,69410,169,5609,972,560
<br />Depreciation910,375876,396964,6681,410,0001,051,000
<br />Total Uses11,330,32711,318,07311,130,22413,632,66013,116,660
<br />Other Sources (Uses)
<br />Interest Earnings(207,704)298,04950,32840,00033,000
<br />Sale of Assets-9,536145,442 - -
<br />Grants / Other427,04790,419191,251 - -
<br />Transfer In (out)(25,000)(331,033)(782,000)(25,000)-
<br />Total Other Sources (Uses)194,34366,971(394,979)15,00033,000
<br />Excess of Funding Sources
<br /> Over (Under) Funding Uses1,972,2072,018,6892,050,140830,4751,667,950
<br />Net Assets - Jan 1st25,787,47227,759,67929,778,36830,859,34031,689,815
<br />Prior Period Adjustment--(969,168)--
<br />Net Assets - Dec 31st$27,759,679$29,778,368$30,859,340$31,689,815$33,357,765
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