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CITY OF PEQUOT LAKES, MINNESOTA
<br />MANAGEMENT’S DISCUSSION AND ANALYSIS
<br />DECEMBER 31, 2019
<br />7
<br />THE CITY AS A WHOLE (Continued)
<br />Governmental Business-Type Total
<br />Activities Activities Government
<br />2019 2018 2019 2018 2019 2018
<br />REVENUE
<br />Charges for Services 351,097$ 329,816$ 618,345$ 592,784$ 969,442$ 922,600$
<br />Operating Grants and
<br />Contributions 142,519 149,284 5,150 -147,669 149,284
<br />Capital Grants and
<br />Contributions 5,000 5,586,322 - - 5,000 5,586,322
<br />Taxes 1,688,636 1,604,118 - - 1,688,636 1,604,118
<br />Franchise Fees 5,585 - - - 5,585 -
<br />Intergovernmental 27,871 61,995 132 294 28,003 62,289
<br />Unrestricted Investment
<br />Income 163,043 78,712 48,406 23,967 211,449 102,679
<br />Other 185,061 199,543 3,255 9,742 188,316 209,285
<br />Total Revenues 2,568,812 8,009,790 675,288 626,787 3,244,100 8,636,577
<br />PROGRAM EXPENSES
<br />General Government 553,679 538,889 - - 553,679 538,889
<br />Public Safety 1,009,623 1,016,110 - - 1,009,623 1,016,110
<br />Public Works 703,577 594,661 - - 703,577 594,661
<br />Parks and Recreation 72,361 180,722 - - 72,361 180,722
<br />Economic Development 53,484 100,705 - - 53,484 100,705
<br />Debt Service 19,146 22,865 - - 19,146 22,865
<br />Water - - 203,115 260,754 203,115 260,754
<br />Sewer - - 164,588 152,977 164,588 152,977
<br />Total Expenses 2,411,870 2,453,952 367,703 413,731 2,779,573 2,867,683
<br />Gain (Loss) on Disposal
<br />of Assets 7,922 (33,774) 9,736 2,500 17,658 (31,274)
<br />Transfers -21,198 -(21,198)- -
<br />Change in Net Position 164,864 5,543,262 317,321 194,358 482,185 5,737,620
<br />Net Position - Beginning of Year 14,491,263 8,842,388 3,744,155 3,543,057 18,235,418 12,385,445
<br />Change in Accounting Principle - 105,613 -6,740 -112,353
<br />Net Position - End of Year 14,656,127$ 14,491,263$ 4,061,476$ 3,744,155$ 18,717,603$ 18,235,418$
<br />Table 2
<br />Changes in Net Position
<br />The City’s total revenues decreased by $5,392,477 (62.44 percent) from the prior year, largely due to revenues received in the
<br />prior year from the County and State for accepting the maintenance of three roadways. The total cost of all programs and services
<br />decreased by $88,110 (or 3.07 percent). Our analysis following separately considers the operations of governmental and business-
<br />type activities.
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