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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. Both theLicense Center andIT area has
<br />seen substantial growth in recent years as the City has not only emphasized greater investment in IT for
<br />its own needs, but it also provides IT support services for 45area municipalities and other governmental
<br />agencies. The City expects these IT partnerships to continue for the foreseeable future.
<br />The City’s debt service paymentshave leveled off as newerbond issues have been offset by retiring bonds.
<br />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 continue declining in the
<br />next few years as a result of planned capital replacements. This follows a period of expanding cash
<br />reserves as the City 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 />20142015201620172018
<br />Funding Sources
<br />ActualActualActualBudgetBudget
<br />Net Sales of Merchandise$11,714$23,505$10,680$-$-
<br />User Charges13,177,28913,476,10613,927,98514,641,11015,309,300
<br />Other Revenue80,78875,73261,392110,500132,000
<br />Total Sources13,269,79113,575,34314,000,05714,751,61015,441,300
<br />Funding Uses
<br />Personal Services1,618,2291,650,8631,755,0581,820,7001,832,230
<br />Supplies & Maintenance330,636242,999339,086272,400341,050
<br />Other Services & Charges8,492,8128,271,6948,694,6399,972,56010,993,935
<br />Depreciation876,396964,6681,154,0371,051,0004,920,000
<br />Total Uses11,318,07311,130,22411,942,82013,116,66018,087,215
<br />Other Sources (Uses)
<br />Interest Earnings298,04950,328(9,449)33,00031,000
<br />Sale of Assets9,536145,4427,635 - -
<br />Grants / Other90,419191,25190,533 - -
<br />Transfer In (out)(331,033)(782,000)(527,945)--
<br />Total Other Sources (Uses)66,971(394,979)(439,226)33,00031,000
<br />Excess of Funding Sources
<br /> Over (Under) Funding Uses2,018,6892,050,1401,618,0111,667,950(2,614,915)
<br />Net Assets - Jan 1st27,759,67929,778,36830,859,34032,322,70133,990,651
<br />Prior Period Adjustment-(969,168)(154,650)--
<br />Net Assets - Dec 31st$29,778,368$30,859,340$32,322,701$33,990,651$31,375,736
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