FY 2017 - 2018 Audit

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 $16,279,324 to $18,218,874. 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 30,2018

For the Year Ended June 30, 2017

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

$

(28,894) 50,424 427,612 455,065 141,357 3,300 (209,730) (25,631 ) 37,286 (164,929) 2,668,912 3,354,772 (76,150) 103,577 (48,623) 385,744 180,265 (784,648) 3,297,202 3,057,367

$ 717,491 1,750,699 987,847 6,338,024 976,405 246,838 625,565 1,922,325 310,844 176,350 568,488 3,129,680 17,750,556 3,110,546 1,632,301 1,561,764 2,104,508 2,900,710 978,849 5,120,509 17.409,187

$ 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

297,405

341,369

43,964

Change in cash basis net position before transfers

(531 ,786)

1,598,181

2,129,967

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

(234,381 )

1,939,550

2,173,931

Change in cash basis net position

2,173,931

16,279,324

14,105,393

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

$ :l 939550

$18218874

$16,2Z9,324

Cash basis net position - end of year

7