12 Part 2 of 2 Required information The government-wide financial statements for the City of Arborland for a three-year period are presented. CITY OF ARBORLAND Statements of Net Position As of December 31 (in thousands) Governmental Activities 2023 Business -type Activities Total Governmental Activities 2022 Business -type Activities Total Governmental Activities 2021 Business -type Activities Total Assets Current assets: Cash Investments Receivables (net) Prepaid expenses Inventories Total current assets. $ 4,540 733 2,747 $ 1,300 291 $ 5,840 $ 253 26 1,309 B 1,024 4,056 3,531 638 $ 1,163 2,447 181 1,108 4,694 819 3,555 $ 3,052 769 1,865 $ 1,187 179 1,072 $ 4,239 948 2,937 8,299 58 2,966 261 84 11,265 251 101 6,968 48 2,506 257 149 9,474 171 5 176 167 49 216 6,024 2,492 8,516 Capital assets: Land 3,180 3,101 Depreciable assets. 37,600 14,455 Accumulated depreciation (15,039) (5,782) 6,281 52,055 (20,821) 3,070 37,683 (16,732) 2,804 17,775 (9,776) 5,874 55,458 2,370 2,304 4,674 39,347 (26,508) (19,680) 14,801 (7,402) 54,148 (27,082) Total capital assets (net) 25,741 11,774 37,515 24,021 Total assets 34,040 14,740 48,780 30,989 10,803 13,309 34,824 44,298 22,037 28,061 9,703 12,195 31,740 40,256 Liabilities Accounts payable 1,580 467 2,047 412 376 Deferred revenue 32 32 30 788 30 1,633 295 1,928 Other, current 1,754 200 1,954 Total current liabilities 3,366 667 4,033 1,443 1,885 566 Bonds payable Total liabilities Net Position Net investment in capital assets Restricted for: Capital projects Debt service Unrestricted (deficit) Total net position 15,900 6,500 22,400 16,900 7,500 1,633 2,451 24,400 42 1,489 3,164 42 170 1,659 465 3,629 15,900 6,500 22,400 19,266 7,167 26,433 18,785 8,066 26,851 19,064 6,965 26,029 10,104 5,027 15,131 9,445 4,065 13,510 5,766 2,767 8,533 140 933 3,597 140 933 $ 14,774 2,546 $ 7,573 6,143 151 1,033 1,575 1,178 151 1,033 2,753 130 818 2,283 130 818 2,463 4,746 $ 22,347 $ 12,204 $ 5,243 $ 17,447 $ 8,997 $ 5,230 $ 14,227 Functions/Programs Governmental Activities: General government Judicial Public safety Health and sanitation Culture and recreation. Road maintenance Interest on long-term debt Total governmental activities Business-type activities Total government Expenses Charges for Services CITY OF ARBORLAND Statement of Activities For the Year Ended December 31, 2023 (in thousands) Program Revenues Operating Capital Grants and Grants and Contributions Contributions Governmental Activities $ 5,716 1,926 7,958 $ 531 716 1,530 $ (5,185) $ 99 168 (1,111) Net (Expense) Revenue and Changes in Net Position Business- type Activities Total $ (5,185) (1,111) (6,260) 2,804 524 (2,280) 2,166 554 $ 495 (1,117) 2,455 5 1,619 (831) (6,260) (2,280) (1,117) (831) 948 23,973 2,895 $26,868 3,860 5,218 $9,078 1,886 (948) (17,732) (948) (17,732) 7 $ 1,886 $ 502 $(17,732) $2,330 $2,330 2,330 $(15,402) General Revenues: Property taxes Grants and contributions not restricted to specific programs Investment earnings Special item-gain on sale of land Total general revenues and special items Change in net position Net position-January 1 Net position-December 31 17,296 17,296 2,190 2,190 716 100 100 20,302 2,570 12,204 $ 14,774 2,330 5,243 $7,573 20,302 4,900 17,447 $ 22,347 CITY OF ARBORLAND Statement of Activities For the Year Ended December 31, 2022 (in thousands) Charges for Services Program Revenues Operating Capital Grants and Grants and Contributions Contributions Net (Expense) Revenue and Changes in Net Position Business- type Governmental Activities Activities Functions/Programs Expenses Governmental Activities: General government Judicial Public safety $ 4,133 1,737 5,239 $ 148 209 1,943 $ (3,985) $ 17 (1,511) 30 (3,266) Health and sanitation Culture and recreation Road maintenance 2,129 147 (1,982) 3,762 322 $ 350 (3,090) Total $ (3,985) (1,511) (3,266) (1,982) (3,090) 1,055 501 (554) Interest on long-term debt Total governmental activities Business-type activities Total government 804 18,859 4,287 $23,146 2,769 4,290 $7,059 548 350 10 (804) (15,192) $ 13 (554) (804) (15,192) 13 $ 548 $ 360 $(15,192) 13 $(15,179) General Revenues: Property taxes 13,619 13,619 Grants and contributions not restricted to specific programs Investment earnings Special item-gain on sale of land Total general revenues and special items Change in net position Net position-January 1 Net position-December 31 3,664 916 200 18,399 3,207 8,997 13 $ 12,204 5,230 $5,243 3,664 916 200 18,399 3,220 14,227 $ 17,447 Culture and recreation. Functions/Programs Governmental Activities: General government Judicial Public safety Health and sanitation Road maintenance Expenses CITY OF ARBORLAND Statement of Activities For the Year Ended December 31, 2021 (in thousands) Charges for Services Program Revenues Capital Grants and Operating Grants and Contributions Contributions Governmental Activities Net (Expense) Revenue and Changes in Net Position Business- type Activities Total $ 3,922 1,601 4,113 2,096 $ 109 198 1,723 216 $ (3,813) $ (3,813) $ 57 (1,346) (1,346) 10 (2,380) (2,380) (1,880) (1,880) 3,484 364 $ 320 (2,800) (2,800) 1,438 - 460 (978) (978) Interest on long-term debt 948 Total governmental activities 17,602 Business-type activities 2,637 Total government $20,239 2,610 3,708 $6,318 527 320 20 (948) (14,145) (948) $ 527 $ 340 $(14,145) $1,091 $1,091 (14,145) 1,091 $(13,054) General Revenues: Property taxes Grants and contributions not restricted to specific programs Investment earnings Special item-gain on sale of land Total general revenues and special items Change in net position Net position-January 1 Net position-December 31 13,100 2,990 681 150 16,921 2,776 1,091 6,221 4,139 10,360 $ 8,997 $5,230 $ 14,227 13,100 2,990 681 150 16,921 3,867 Additional information follows: Population: Year 2023: 28,420, Year 2022: 28,291, Year 2021:26,374. Debt limit remained at $20,000,000 for each of the three years. Net cash from operations is generally 80 percent of total revenues each year. Business-Type Activities Available Legal Debt Limit