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CITY OF PEQUOT LAKES, MINNESOTA <br /> MANAGEMENT'S DISCUSSION AND ANALYSIS <br /> YEAR ENDED DECEMBER 31, 2014 <br /> FINANCIAL ANALYSIS OF THE CITY AS A WHOLE (CONTINUED) <br /> Changes in Net Position (Continued) <br /> The City-wide cost of all governmental activities this year was $2,231,531. <br /> ♦ Some of the cost was paid by the users of the City's programs $327,105. <br /> ♦ The federal and state governments subsidized certain programs with grants and contributions <br /> $253,209. <br /> ♦ The remainder of the City's governmental activities costs of $1,741,217, however, was paid for <br /> by City taxpayers, the taxpayers of our state, and other miscellaneous revenues. <br /> Figure A-3 Sources of City's Revenues for Fiscal 2014 <br /> o Chargesfor <br /> ❑ Other Services <br /> 3% 15% <br /> ■ Unrestricted State <br /> Ad <br /> 3�° Operating Grants <br /> and Contributiorans <br /> z <br /> _ _ !. ,. <br /> ❑ Capital Grants and <br /> Contributions <br /> ❑ Property Taxes 0% <br /> 68% <br /> Figure A-4 City's Expenses for Fiscal 2014 <br /> ❑ Interestand Fiscal <br /> • Economic Services <br /> Developme 1% <br /> 4% <br /> ❑ Culture and <br /> Recreation <br /> 4% <br /> ® General Government <br /> ❑ Highways and 25% <br /> Streets _ �tk ° <br /> • PublicSafety <br /> 43% <br /> (11) <br />