16 17 Fin Statement

Summary

The City of Abernathy's annual financial report for the fiscal year ended September 30, 2017, 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 statement of cash flows. The city's net position decreased by 2% to $7,292,727, with a decrease in the net position of governmental activities by 3% and a decrease in the net position of business-type activities by 2%. The city's total revenues were $2,262,842, with a significant portion coming from water and sewer operations. The city's total expenses were $2,420,025, with the majority being for governmental activities.

Details

Subject

Annual Financial Report

Summary

The City of Abernathy's annual financial report for the fiscal year ended September 30, 2017, 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 statement of cash flows. The city's net position decreased by 2% to $7,292,727, with a decrease in the net position of governmental activities by 3% and a decrease in the net position of business-type activities by 2%. The city's total revenues were $2,262,842, with a significant portion coming from water and sewer operations. The city's total expenses were $2,420,025, with the majority being for governmental activities.

Report Date

2017-09-30

Report Type

annual

Report Title

Annual Financial Report

Authoring Body

City of Abernathy, Texas

Reporting Period

Fiscal Year 2017