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<br /> IChanges in Net Assets.Governmental and business-type activities increased the Towns net assets by$857,810 in 2009.
<br /> The following table indicates the changes in net assets for governmental and business-type activities for 2008&2009.
<br /> IChanges in Net Assets
<br /> Business Total
<br /> I Governmental Type Total
<br /> Activities Activities Change
<br /> 2008 2009 2008 2009 2008 2009 2008-2009
<br /> Revenues
<br /> I Program Revenues:
<br /> Charges for Services 427,982 569,545 1,510,316 1,511,909 1,938,298 2,081,454 7.4%
<br /> Operating grants and
<br /> I Contributions 622,798 62,669 141,139 763,937 62,669 -91.8%
<br /> Capital grants and
<br /> Contributions 5,000,000 568,235 ,, 5,000,000 568,235 -88.6%
<br /> General Revenues: ���`�
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<br /> I Property Taxes 340,008 356,465 ,, 340,008 356,465 4.8%
<br /> Other Taxes 2,164,688 1,785,159 2,164,688 1,785,159 17.5%
<br /> Other Revenues 42,265 22,157 28,919 21,591 71,184 43,748 38.5%
<br /> ITotal Revenues 8,597,741 3,364,230 1,680,374 1,533,500 10,278,115 4,897,730 -52.3%
<br /> Expenses
<br /> I General Government 975,542 983,950 Va 975,542 983,950 0.9%
<br /> Public Safety 971,717 972,458 971,717 972,458 0.1%
<br /> Public Works and Parks 519,728 394,285 519,728 394,285 -31.8%
<br /> Recreation and Culture 305,920 354,123 305,920 354,123 13.6%
<br /> Cemetery 41,136 36,659 41,136 36,659 -12.2%
<br /> Water 1,028,552 927,756 1,028,552 927,756 -9.8%
<br /> I Sewer&Refuse Utility 370,689 394,056 370,689 5.9%
<br /> Total Expenses 2,814,043 2,741,475 1,422,608 1,298,445 4,236,651 4,039,920 -4.6%
<br /> Changes in Net Assets 5,783,698 622,755 257,766 235,055 6,041464 857,810 -85.8%
<br /> .
<br /> Beginning Net Assets 4,800,443 10,584,141 8,151,797 8,409,563 12,952,240 18,993,704
<br /> IEnding Net Assets 10,584,141 11,206,896 8,409,563 8,644,618 18,993,704 19,851,514 4.5%
<br /> I Total revenues for combined governmental and business-type activities decreased 52.3%for 2009. Total combined revenues were
<br /> made up of 36%direct program revenues and 64%general revenues.
<br /> I • The major program revenues for governmental activities were as follows:
<br /> ❖ Charges for services, which were 47% of program revenues. The major sources of this revenue were: charges for
<br /> I services, fees, fines $216,778, cemetery revenue, licenses and permits etc. $62,373, rentals and swimming pool
<br /> revenue$238,364.
<br /> I • The general revenues for governmental activities were 64% of total revenues. The major general activities were as
<br /> follows:
<br /> ❖ Property taxes were 10.5%of total revenues and, 16.4%of general revenues.
<br /> I Other taxes were 53%of total revenues and 82.5%of general revenues.
<br /> ❖ Other revenues were .65%of total revenues and 1%of general revenues.
<br /> I • The major program revenues for business-type activities were:
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