15 16 Fin Statement

Summary

The City of Abernathy's financial report for the fiscal year ended September 30, 2016, presents the city's financial position, activities, and cash flows. The report includes the city's basic financial statements, such as the statement of net position, statement of activities, and balance sheet, as well as supplementary information like budgetary comparison schedules and schedules of changes in net pension liability. The city's net position increased by 2% to $7,449,910, with a net investment in capital assets of $5,181,727 and unrestricted net position of $1,458,048. The city's total revenues were $2,765,788, with expenses of $2,633,000, resulting in a change in net position of $132,788.

Details

Subject

City of Abernathy's Financial Report

Summary

The City of Abernathy's financial report for the fiscal year ended September 30, 2016, presents the city's financial position, activities, and cash flows. The report includes the city's basic financial statements, such as the statement of net position, statement of activities, and balance sheet, as well as supplementary information like budgetary comparison schedules and schedules of changes in net pension liability. The city's net position increased by 2% to $7,449,910, with a net investment in capital assets of $5,181,727 and unrestricted net position of $1,458,048. The city's total revenues were $2,765,788, with expenses of $2,633,000, resulting in a change in net position of $132,788.

Report Date

2016-09-30

Report Type

annual

Report Title

Annual Financial Report

Authoring Body

City of Abernathy

Reporting Period

Fiscal Year 2016