COG Comprehensive Annual Financial Report

Governmental

Business-Type

Activities

Activities

Total

(Continued)

2018

2017

2018

2017

2018

2017

Transfers

$ (7,165) $ (14,856) $ 7,165 $ 14,856 $

$

Change in Net Position

6,430

6,925

19,005

35,589

25,435

42,514

Beg. Net Position

335,314 (92,602) 242,712

359,835 (31,446) 328,389

728,795 (19,871) 708,924

693,206

1,064,109 (112,473)

1,053,041

Prior Period Restatement Beg. Net Position, restated

(31,446)

693,206

951,636

1,021,595

Ending Net Position

$ 249,142 $ 335,314 $ 727,929 $ 728,795 $ 977,071 $ 1,064,109

Table A-3 Summary of Financing/Interest Earnings - Governmental Activities (In thousands of dollars)

FY2018

FY2017

$ Change

% Change

Interest Revenue Interest Expense

$1,768

$1,446

$322 (582) $904

22.3% -8.4% 16.5%

6,331

6,913

Net

($4,563)

($5,467)

Summary of Financing/Interest Earnings - Business Activities (In thousands of dollars)

FY2018 $1,909 7,602 ($5,693)

FY2017 $833 4,251 ($3,418)

$ Change $1,076 3,351 ($2,275)

% Change 129.2% 78.8% -66.6%

Interest Revenue Interest Expense Net

A. Governmental Activities Governmental activities increased the City’s net position by approximately $6.4 million, down from an approximate $6.9 million increase last year. Contributing to the decrease was the generous donation of LeBauer and Center City Parks to the City in FY 2017, offset by the increase in property tax revenue due to the 2017 reevaluation. The Internal Service Funds are combined with governmental activities at the entity-wide level.

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