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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 AT THE FUND LEVEL (CONTINUED)
<br /> The Water Enterprise Fund's net position increased $29,004 from the prior year. This is due to the
<br /> operating revenues over operating expenses.
<br /> The Sewer Enterprise Fund's net position increased $115,702. This is due to the operating revenues
<br /> over operating expenses.
<br /> GENERAL FUND
<br /> The following schedule presents a summary of General Fund Revenues:
<br /> Table A-4
<br /> General Fund Revenues
<br /> Year Ended Change
<br /> December 31, December 31, Increase
<br /> 2014 2013 (Decrease) Percent
<br /> Taxes and Specials $ 1,434,486 $ 1,431,664 $ 2,822 0.2%
<br /> Intergovernmental 130,216 129,402 814 0.6
<br /> Charges for Services 120,987 128,365 (7,378) (5.7)
<br /> Interest 19,832 4,013 15,819 394.2
<br /> Miscellaneous 218,201 82,460 135,741 164.6
<br /> Total General Fund Revenue $ 1,923,722 $ 1,775,904 $ 147,818 8.3
<br /> Total General Fund revenue increased by $147,818, or (8.3 percent), from the previous year. This is
<br /> due primarily to increased donations for City projects.
<br /> The following schedule presents a summary of General Fund Expenditures:
<br /> Table A-5
<br /> General Fund Expenditures
<br /> Year Ended Change
<br /> December 31, December 31, Increase
<br /> 2014 2013 (Decrease) Percent
<br /> General Government $ 478,720 $ 442,617 $ 36,103 8.2%
<br /> Public Safety 679,503 714,867 (35,364) (4.9)
<br /> Highways and Streets 565,977 415,862 150,115 36.1
<br /> Sanitation 14,276 11,974 2,302 19.2
<br /> Culture and Recreation 149,008 53,185 95,823 180.2
<br /> Economic Development 43,492 34,589 8,903 25.7
<br /> Debt Service 33,620 33,178 442 1.3
<br /> Total Expenditures $ 1,964,596 $ 1,706,272 $ 258,324 15.1
<br /> (13)
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