Financial Condition

Revenue

For the fiscal year ending in 2017, Total Revenue for all funds equaled $57.54 Million. The majority of revenue came from Proprietary funds, with 58%. The largest source of enterprise revenue came from electric utility funds. 

Expenditures

For the fiscal year ending in 2017, Total Expenditures for all funds equaled $49.67 Million. The majority of expenses came from Proprietary funds, with 63%. The largest source of enterprise expenditures came from electric utility funds.

Fund Balance

For the fiscal year ending in 2017, unrestricted Net Position accounted for a majority of the fund balance for all funds. The City began the year with 65.8 Million and ended with 70.5 Million.

Balance Sheet

For fiscal year 2017, total Assets equaled 98 Million, while the cities liabilities totaled 27 Million. There were more deferred inflows than outlows and the majority of assets and liabilities were non-current. 

Other Increase & Decreases

For Fiscal Year 2017, the city had $5 million in transfers-in which was the majority of increases. Transfers-out accounted for 40% of the decreases.

Debt Service

For Fiscal Year 2017, the total debt service was $2 million. The city paid 67% in principal and 32% in interest. A majority of the debt repaid went towards libraries, followed by centralized/general services.

Capital Projects

For Fiscal year 2017, the city had a total of $3 million funds towards their capital projects. Close to $1 Million went towards sidewalks.