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The assets and deferred outflows of resources of the City exceeded its liabilities and deferred inflows of resources by $167,921,382 (reported as net position).
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The City's total net position increased by $988,982.
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At the close of the year the City's general fund reported an ending fund balances of $39,179,736, an increase of $5,696,905 or 17% from the prior year. Of this amount, $13,970,178 is available for spending at the City's discretion (unassigned fund balance).
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The City owned capital assets which are valued at approximately $148.24 million.
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The City had long-term obligations outstanding of $52,903,263.
