Assume that the following is found on the statement of activities of a local municipality:

Public safety expenses of $2,755,500

Public safety charges for services of $20,500

Public safety operating grants and contributions of $105,000

Public safety capital grants and contributions of $75,000

General government charges for services of $455,500

Property tax general revenues of $2,905,000

Unrestricted grants of $300,000

Net revenue / (net expense) for the public safety function would be