Audit for Fiscal Year Ending June 30, 2017

Government-Wide Financial Analysis

As stated earlier, net position may serve over time as a useful indicator of a government's financial position. The City's cash balance for governmental activities increased from a year ago, increasing from $14,105,393 to $16,279,324. The analysis that follows focuses on the changes in cash basis net position of governmental activities.

Changes in Cash Basis Net Position of Governmental Activities

For the Year Ended June 30, 2017

For the Year Ended June 30, 2016

Increase (Decrease)

Receipts:

Program receipts: Charges for services ........................................... Operating grants and contributions ..................... Capital grants and contributions ......................... General receipts: Property and other city taxes .............................. Tax increment financing ...................................... Commercial and industrial replacement ............ . Payments in lieu of tax ...................,.................... Local option sales tax ......................................... Hotel/motel tax .................................................... Use of money and property ................................. Unrestricted miscellaneous ................................. Debt proceeds ..................................................... Total receipts Disbursements: Public safety ........................................................... Public works ........................................................... Culture and recreation ............................................ Community and economic development ............... . General government .............................................. Debt service ........................................................... Capital projects ...................................................... Total disbursements

$ 119,784 (28,860) 318,138

$ 746,385 1,700,275 560,235 5,882,959 835,048 243,538 625,565 2,132,055 336,475 139,064 733,417 460,768 14,395,784 3,186,696 1,528,724 1,610,387 1,718,764 2,720,445 1,763,497 1,823,307 14,351,820

$ 626,601 1,729,135 242,097

550,491 147,804 16,984 (2,193) 119,019 (18,698) 7,572

5,332,468 687,244 226,554 627,758 2,013,036

355,173 131,492 436,088

297,329 460,768 1,988,138

12,407,646

3,010,045 1,482,858 1,516,305 1,617,387 2,295,139 1,544,948 1,385,932 12,852,614

176,651 45,866 94,082

101,377 425,306 218,549 437,375 1,499,206

Change in cash basis net position before transfers

43,964

(444,968)

488,932

Net transfers ..............................................................

2,129,967

1,347,332

782,635

Change in cash basis net position

2,173,931

902,364

1,271,567

Cash basis net position - beginning of year .............. .

14,105,393

13,203,029

902,364

Cash basis net position - end of year

$16,279.324

~14,1 05,393

~2,173,93j

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