CAFR 2017

Required Components of Annual Financial Report Figure 1

Management’s Discussion and Analysis

Basic Financial Statements

Government- Wide Financial Statements

Notes to the Financial Statements

Fund Financial Statements

Summary

Detail

A. Government-Wide Financial Statements The government-wide statements report both short-term and long-term information about the financial condition of the City as a whole, focusing on the government’s operational accountability. The accounting methods of these statements reflect that of private sector companies in that all governmental and business-type activities are consolidated into columns that add to a total for the primary government. The statement of net position reports the City’s net position and includes all, both current and non-current, assets and liabilities of the government. The difference between the two is reported as net position. Over time, increases or decreases in the City’s net position are one indicator of whether its financial health is improving or deteriorating. You will also need to consider other non-financial factors, such as changes in the City’s property tax base, local economy and service levels, to assess the overall health of the City. On the other hand, the statement of activities reports how net position has changed and includes all of the current year’s revenues and expenses regardless of when cash is received or paid. The government-wide financial statements of the City are divided into three categories: Governmental Activities - Most of the City’s basic services are included here, such as police, fire, transportation, environmental services, libraries, planning, neighborhood development, public improvements, parks and recreation and general administration. Property taxes along with sales and certain state-shared taxes and state and federal grants finance most of these activities. Business-Type Activities - The City charges fees to customers to help cover the costs of certain services it provides. The City’s water and sewer system and other stormwater resources, parking facilities, solid waste facilities and coliseum activities are included here.

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