ACFR - FY2020 5-28-21 FINAL - Flipbook - Page 34
Table 6: Business Type Activities (Revenue by Source)
Total
2020
Charges for services
$ 11,361,412
Operating grants and contributions
%
2019
93.96% $ 11,005,913
3.2%
-
0.00%
-
0.0%
495,307
4.10%
355,781
39.2%
Investment income (loss)
98,759
0.82%
233,292
-57.7%
Miscellaneous revenues
136,309
1.13%
10,526
1195.0%
Capital grants and contributions
$ 12,091,787
100.00% $ 11,605,512
Change from Prior Year:
change in charges for service
$
355,499
3.23%
change in capital grants & contr.
$
139,526
39.22%
change in invest income
$
(134,533)
-57.67%
change in miscellaneous revenues $
125,783
1194.97%
Table 7: Business Type Activities (Expenses)
Expenses
2020
2019
$ 9,629,036
$ 9,044,822
Net Increase (Decrease)
% Change
2020
2019
% Change
Functions/Programs
Water /Sewer
6.5% $ 2,227,683
$ 2,316,872
-3.8%
Table 8: Business Type Activities (Net Position)
Unrestricted Net Position
Business
Activities
2020
$
Change
2019
11,813,061
$
10,293,906
$
1,519,155
Financial Analysis of the City’s Funds
Governmental Funds
The focus of the City’s governmental funds is to provide information on near-term inflows, outflows, and
balances of usable resources. Such information is useful in assessing the City’s financing requirements.
The City’s most significant governmental fund is the General Fund. The General Fund is the primary operating
fund of the City. At the end of 2020, total fund balance equaled $9,479,121. Of this amount, $9,073,248 or
95.72% is unassigned and can be used to meet the government’s obligations. The General Fund has restricted
fund balance assigned fund balance for Emergency Contingency $405,873. In the current year, total fund
balance is increased by $416,236. The reason for this increase is attributable to property tax revenue as
taxable assessed values have increased along with an increase in state sharing revenues.
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