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Government-Wide Financial Analysis <br /> Net Position <br /> As of December 31, 2013, the City's assets and deferred outflow of resources exceeded its <br /> liabilities and deferred inflow of resources by $202.5 million (Figure 3). This amounts to an <br /> increase in combined net position of $7.4 million, or 3.8%, from 2012 to 2013. The largest <br /> portion of the City's net assets (77%) reflects its investment in capital assets (e.g., land, <br /> buildings, machinery, and equipment), less any related debt used to acquire those assets that is <br /> still outstanding. The City uses these capital assets to provide services to citizens; <br /> consequently, these assets are not available for future spending. Although the City's <br /> investment in its capital assets is reported net of related debt, it should be noted that the <br /> resources needed to repay this debt must be provided from other sources, since the capital <br /> assets themselves cannot be used to liquidate these liabilities. <br /> Figure 3 <br /> Schedule of Net Position <br /> millions) <br /> Governmental Business-type Total <br /> Activities Activities Total % Of <br /> 2013 2012 2013 2012 2013 2012 Change <br /> Current& Other Assets $ 31.2 $ 30.2 $ 21.9 $ 18.4 $ 53.1 $ 48.6 9.3% <br /> Capital Assets - Net 94.7 92.4 74.4 74.9 169.1 167.3 1.1% <br /> Total Assets 521 9 222.2 215.9 2.9% <br /> Total Deferred Outflows of - - - 0.1 - 0.1 -100.0% <br /> Resources - - - 0.1 - 0.1 -100.0% <br /> Long-Term Debt Outstanding 4.7 6.0 8.8 9.3 13.5 15.3 -11.8% <br /> Other Liabilities 2.1 1.6 0.9 1.0 3.0 2.6 15.4% <br /> Total Liabilities 6.8 7.6 9.7 10.3 16.5 17.9 -7.8% <br /> Total Deferred Inflows of 3.2 3.0 - - 3.2 3.0 6.7% <br /> Resources 3.2 3.0 - - 3.2 3.0 6.7% <br /> Net Position: <br /> Net Investment in <br /> Capital Assets 90.9 87.3 65.8 65.7 156.7 153.0 2.4% <br /> Restricted 17.4 19.0 0.1 1.4 17.5 20.4 -14.2% <br /> Unrestricted 7.6 5.7 20.7 16.0 28.3 21.7 30.4% <br /> Total Net Position $ 115.9 $ 112.0 $ 86.6 $ 83.1 $ 202.5 $ 195.1 3.8% <br /> Charges for services are the City's largest revenue source and account for 33% of all revenues <br /> (Figure 4). Charges for services are also the main funding source for the City's business-type <br /> activities. Sales and use tax, the main funding source for the City's governmental activities, <br /> account for 37% of all revenues. The City's largest expenses come from business activities <br /> (Figure 5). <br /> 15 <br />