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<br />The following table provides a condensed version of the Statement of Activities for the year ended
<br />December 31, 2018 with comparative amounts for the year ended December 31, 2017:
<br />
<br />2018 2017 2018 2017 2018 2017
<br />Revenues
<br />Program revenues
<br />Charges for services 954,357$ 1,360,377$ 5,000,052$ 4,817,275$ 5,954,409$ 6,177,652$
<br />Operating grants and contributions 840,634 2,031,474 27,429 24,655 868,063 2,056,129
<br />Capital grants and contributions 2,494,823 448,945 735,220 92,566 3,230,043 541,511
<br />General revenues
<br />Property taxes 3,578,894 3,526,347 – – 3,578,894 3,526,347
<br />Tax increment collections 351,569 295,788 – – 351,569 295,788
<br />Franchise taxes 101,237 109,070 – – 101,237 109,070
<br />Unrestricted investment earnings 159,316 139,347 40,371 32,754 199,687 172,101
<br />Total revenues 8,480,830 7,911,348 5,803,072 4,967,250 14,283,902 12,878,598
<br />Expenses
<br />General government 1,286,845 1,322,106 – – 1,286,845 1,322,106
<br />Public safety 2,248,540 2,158,835 – – 2,248,540 2,158,835
<br />Public works 1,695,449 3,512,218 – – 1,695,449 3,512,218
<br />Parks and recreation 765,843 759,737 – – 765,843 759,737
<br />Economic development 391,156 276,841 – – 391,156 276,841
<br />Water – – 2,147,359 2,159,874 2,147,359 2,159,874
<br />Sewer – – 1,654,079 1,780,260 1,654,079 1,780,260
<br />Surface water management – – 499,049 481,026 499,049 481,026
<br />Recycling – – 168,145 147,919 168,145 147,919
<br />Total expenses 6,387,833 8,029,737 4,468,632 4,569,079 10,856,465 12,598,816
<br />Increase (decrease) in net position
<br /> before transfers 2,092,997 (118,389) 1,334,440 398,171 3,427,437 279,782
<br />Transfers 300,000 230,765 (300,000) (230,765) – –
<br />Increase in net position 2,392,997 112,376 1,034,440 167,406 3,427,437 279,782
<br />Net position – beginning 34,327,335 34,214,959 17,590,744 17,423,338 51,918,079 51,638,297
<br />Net position – ending 36,720,332$ 34,327,335$ 18,625,184$ 17,590,744$ 55,345,516$ 51,918,079$
<br />Activities Activities Total
<br />Table 2
<br />Changes in Net Position
<br />Years Ended December 31, 2018 and 2017
<br />Governmental Business-Type
<br />
<br />Governmental Activities – Current year operating results of governmental activities increased net
<br />position by $2,392,997, compared to an increase of $112,376 in the prior year. Changes from the prior
<br />year included the following:
<br />
<br />• Operating grants and contributions were down, due to a one-time reimbursement from Ramsey
<br />County for its share of a joint street project in the prior year.
<br />
<br />• Capital grants and contributions were up, due to significant assessments in the current year for
<br />street projects and due to contributions from Ramsey County and Bethel University for the trail
<br />project.
<br />
<br />• Public works spending was down in the current year, due to the contribution of capital assets to
<br />Ramsey County in the prior year for a multi-year street project accumulated by the City as part of
<br />the joint street project.
<br />
<br />Business-Type Activities – Current year operating results of business-type activities increased net
<br />position by $1,034,440, due to positive results of the utility operations of the City. The increase in capital
<br />grants and contributions noted above is due to a grant from the state for a utility project in the current
<br />year. Program revenues exceeded program expenses for each of the City’s business-type activities, except
<br />recycling.
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