Preparation of the statement of activities The City of Truro reports the following revenues for the fiscal year: Real estate and personal property taxes $54,520 Motor vehicle and other excise taxes 2,840 Grants and contributions not restricted 2,795 The City also reports the following revenues from fees it charges for services and operating grants and contributions it has received during the year as well as expenses it has incurred, categorized by governmental activity: Operating Charges for Grants and Functions/Programs Services Contributions Expenses Primary government Governmental activities: General government $270 $446 $5,361 Public safety 904 6,336 Education 840 4.249 44,437 Public works 67 2,665 Human services 654 106 1,548 Library 994 Pension and benefits 2.518 4.255 Interest 981 Total governmental activities $2.786 $7,780 $66,577 237 150 51 74 0 0 0 The City manages two business-type activities: a sanitation department which oversees solid and liquid waste disposal and a municipal pool. Both of these activities charge users a fee that is set at the beginning of the year at a level that is anticipated to cover the costs of providing the service. These fees cannot be changed during the year. As a result, these activities may produce a net profit or loss for the year, depending on the level of operating costs. The revenues and expenses for these services are provided in the following table: Charges for Functions/Programs Business-type activities: Services Expenses Sanitation Municipal pool $3.553 403 $2,621 571 $3,192 $3.956 City of Truro Statement of Activities Charges Operating for Grants & Services Contributions Government Activities Business Type Activities Expenses Total $ 270 $ 446 $ 0$ 0 x 904 237 0 x $ 0X OX 0 5,361 $ 6,336 44,437 2,665 1,548 0 X 840 4,249 0 0 x 67 150 0 x 0 654 0 OX 106 74 0x OX 994 51 0 0 X 4,255 0 2,518 OX 0 0 X 981 0 0 0 X 0 0 x 66,577 $ 2,786 7,780 $ 0 x $ 0 Primary government Governmental activities-- General government Public safety Education Public works Human services Library Pension and benefits Interest Total governmental activities $ Business type activities-- Sanitation Municipal pool Total business type activities $ Total primary government $ General revenues- Real estate and personal property taxes Motor vehicle and other excise taxes Grants and contributions not restric Total general revenues Change in net position Net position: Beginning of year End of year $ 0 $ 0 0 x $ 0 x 2,621 571 0 0 0 x OX 3,553 403 3,956 6,742 3,192 $ $ 0 $ 0 0 X $ 0X 69,769 $ 7,780 $ 0 x $ 0 X $ 0 x $ 0X $ 0 0 $ 0 X 0 x 0 0 x 0 X 0 0 X $ 0 X $ 0 $ $ $ 0 X $ 0 X $ 0 X 0 x 0 X 0 x $ 0 X $ 0 X $ 0X Preparation of the statement of activities The City of Truro reports the following revenues for the fiscal year: Real estate and personal property taxes $54,520 Motor vehicle and other excise taxes 2,840 Grants and contributions not restricted 2,795 The City also reports the following revenues from fees it charges for services and operating grants and contributions it has received during the year as well as expenses it has incurred, categorized by governmental activity: Operating Charges for Grants and Functions/Programs Services Contributions Expenses Primary government Governmental activities: General government $270 $446 $5,361 Public safety 904 6,336 Education 840 4.249 44,437 Public works 67 2,665 Human services 654 106 1,548 Library 994 Pension and benefits 2.518 4.255 Interest 981 Total governmental activities $2.786 $7,780 $66,577 237 150 51 74 0 0 0 The City manages two business-type activities: a sanitation department which oversees solid and liquid waste disposal and a municipal pool. Both of these activities charge users a fee that is set at the beginning of the year at a level that is anticipated to cover the costs of providing the service. These fees cannot be changed during the year. As a result, these activities may produce a net profit or loss for the year, depending on the level of operating costs. The revenues and expenses for these services are provided in the following table: Charges for Functions/Programs Business-type activities: Services Expenses Sanitation Municipal pool $3.553 403 $2,621 571 $3,192 $3.956 City of Truro Statement of Activities Charges Operating for Grants & Services Contributions Government Activities Business Type Activities Expenses Total $ 270 $ 446 $ 0$ 0 x 904 237 0 x $ 0X OX 0 5,361 $ 6,336 44,437 2,665 1,548 0 X 840 4,249 0 0 x 67 150 0 x 0 654 0 OX 106 74 0x OX 994 51 0 0 X 4,255 0 2,518 OX 0 0 X 981 0 0 0 X 0 0 x 66,577 $ 2,786 7,780 $ 0 x $ 0 Primary government Governmental activities-- General government Public safety Education Public works Human services Library Pension and benefits Interest Total governmental activities $ Business type activities-- Sanitation Municipal pool Total business type activities $ Total primary government $ General revenues- Real estate and personal property taxes Motor vehicle and other excise taxes Grants and contributions not restric Total general revenues Change in net position Net position: Beginning of year End of year $ 0 $ 0 0 x $ 0 x 2,621 571 0 0 0 x OX 3,553 403 3,956 6,742 3,192 $ $ 0 $ 0 0 X $ 0X 69,769 $ 7,780 $ 0 x $ 0 X $ 0 x $ 0X $ 0 0 $ 0 X 0 x 0 0 x 0 X 0 0 X $ 0 X $ 0 $ $ $ 0 X $ 0 X $ 0 X 0 x 0 X 0 x $ 0 X $ 0 X $ 0X