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CITY OF PEQUOT LAKES,MINNESOTA
<br /> MANAGEMENT'S DISCUSSION AND ANALYSIS
<br /> DECEMBER 31,2022
<br /> THE CITY AS A WHOLE(Continued)
<br /> Table 2
<br /> Changes in Net Position
<br /> Governmental Business-Type Total
<br /> Activities Activities Government
<br /> 2022 2021 2022 2021 2022 2021
<br /> REVENUE
<br /> Charges for Services $ 152,007 $ 310,079 $ 677,867 $ 713,792 $ 829,874 $ 1,023,871
<br /> Operating Grants and
<br /> Contributions 194,535 288,008 - - 194,535 288,008
<br /> Capital Grants and
<br /> Contributions 152,988 169,700 1 1 152,989 169,701
<br /> Taxes 1,867,123 1,849,236 - - 1,867,123 1,849,236
<br /> Intergovernmental 80,053 139,670 304 64 80,357 139,734
<br /> Franchise Taxes 33,974 30,668 - - 33,974 30,668
<br /> Investment Income (7,306) 47,110 (7,993) 20,063 (15,299) 67,173
<br /> Rental Income 13,941 1,601 1,948 1,948 15,889 3,549
<br /> Other 120,553 86,940 9,259 1,944 129,812 88,884
<br /> Total Revenues 2,607,868 2,923,012 681,386 737,812 3,289,254 3,660,824
<br /> PROGRAM EXPENSES
<br /> General Government 721,508 641,415 - - 721,508 641,415
<br /> Public Safety 984,413 863,011 - - 984,413 863,011
<br /> Public Works 782,775 817,725 - - 782,775 817,725
<br /> Parks and Recreation 99,302 71,267 - - 99,302 71,267
<br /> Economic Development 37,593 43,263 - - 37,593 43,263
<br /> Cemetery 1,761 3,934 - - 1,761 3,934
<br /> Debt Service 57,382 39,415 - - 57,382 39,415
<br /> Water - - 351,827 265,265 351,827 265,265
<br /> Sewer - - 284,716 252,353 284,716 252,353
<br /> Total Expenses 2,684,734 2,480,030 636,543 517,618 3,321,277 2,997,648
<br /> Gain on Disposal of Assets 861 4,000 - - 861 4,000
<br /> Capital Contributions - 252,000 - - - 252,000
<br /> Capital Asset Transfers - (408,656) - 408,656 - -
<br /> Capital Appropriation and Change
<br /> in Equity Interest(Net) (345,557) - - - (345,557) -
<br /> Transfers 4,610 30,539 (4,610) (30,539) - -
<br /> Change in Net Position (416,952) 320,865 40,233 598,311 (376,719) 919,176
<br /> Net Position-Beginning of Year 15,238,461 14,917,596 4,902 435 4,304,124 20,140,896 19,221,720
<br /> Net Position-End of Year $14,821,509 $15,238,461 $ 4,942,668 $ 4,902,435 $ 19,764,177 $20,140,896
<br /> The City's total revenues decreased by$371,570(10.15 percent)from the prior year. The total cost of all programs and services
<br /> increased by $323,629 (or 10.80 percent). Our following analysis separately considers the operations of governmental and
<br /> business-type activities.
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