Financial Condition

Revenue

For the latest fiscal year, total Revenue for all funds equaled $60.80 million. The majority of revenue came from Proprietary funds at 60%. The largest source of enterprise revenue came from electric utility funds. 

Expenditures

For the recent fiscal year end, total expenditures for all funds equaled $48.71 million. The majority of expenses came from Proprietary funds at with 60%. The largest source of enterprise expenditures came from electric utility funds.

Fund Balance

For the recent fiscal year end, unrestricted Net Position accounted for a majority of the fund balance for all funds. The City began the year with 29.3 million and ended with 35.3 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

The recent fiscal year shows the city had $2.7 million in transfers-in which was the majority of increases.

Debt Service

For the recent fiscal year end, the total debt service was slightly over $1 million. The city paid 68% in principal and 32% in interest. A majority of the debt repaid went towards libraries, followed by centralized/general services.

Capital Projects

For the recent fiscal year end, the city spent over $5 million on capital projects. Over $1 million was spent on general parks.