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Posted on Sep 01, 2024

Referring to the government-wide statement of activities below, explain how the program revenues and expenses are classified. Are expenses and program revenues reported using a

Referring to the government-wide statement of activities below, explain how the program revenues and expenses are classified. Are expenses and program revenues reported using a function or program classification? Do any function or program categories show net revenues, or do they all show net expenses? Is the fact that most, if not all, functions or programs show a net expense a problem? Why or why not?

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Primary Government Net (Expense) Revenue and Changes in Net Position Capital Grants and Contributions Governmental Activities Business-Type Activities Total Component Units 168,700 9,476,991 255,730 (6,139,434) (235,412,343) (132,373,036) (32,530,526) (28,684,752) (39,638,086) (9,286,446) (701,835,718) (51.541.615) (1.237.441.956) (6,139,434) (235,412,343) (132,373,036) (32,530,526) (28,684,752) (39,638,086) (9,286,446) (701,835,718) (51.541.615 (1.237.441.956) ||||||||| 8,475,773 18.377,194 12,779,321 30,384,856 43.164,177 61,541,371 (95,125) 34.766,165 34.671.040 34,671,040 (95,125) 34.766,165 34.671.040 (1,202,770,916) (1,237,441,956) 11,180,962 42,744,155 Program Revenues Operating Charges for Grants and Programs Expenses Services Contributions Primary government: Governmental activities: General government 65,241,233 48,266,394 10,666,705 Public safety 249.887,935 8,285,012 6,190,580 Publie works 207,843,230 49.166,390 16,826,813 Recreation and parks 54.344,080 20,905,820 652,004 Legislative and judicial 30,139.996 868,699 586,545 Community services 50.250.870 4.975,930 5.636,854 State highways 9,286,446 Education 710,311,491 Interest on long-term debt 51.541.615 Total governmental activities 1.428.846,896 132.468,245 40,559 501 Business-type activities: Water and sewer 113,056,969 64.833,505 35.349,018 Other 7.163.586 11,544,895 Total business-type activities 120.220.555 76.378.400 35.349,018 Total primary government 1,549,067,451 208,846,645 75,908,519 Component units: Housing commission 49,078,184 21.860,202 763,968 Public school system 1,085,224,351 21,997,083 175,495,114 Library 25.850,569 817.278 Community college 121.417.207 36.666,657 516,596 Total component units $ 1,281,571,011 81,341,220 176,775,678 General revenues: Property taxes Local income taxes Transfer tax Recordation tax Building excise tax Hotel / motel tax Admission tax County development tax Mobile home tax Appropriations from primary government Intergovernmental, unrestricted Unrestricted investment income Miscellaneous Transfers Total general revenues Change in net position Net position - beginning Adjustment to restate beginning net position Net position - beginning of year, as restated Net position - ending The accompanying notes are an integral part of these financial statements. (15,273,052) (844,987,999) (25,033,291) (62.244.291) (947,538,633) 21.990.363 75,915,480 S 654,794,565 496,679,385 31,367,019 21,142.956 7,328,571 5,538,425 3,361,722 314,891 685,551 654,794,565 496,679,385 31,367,019 21.142.956 7,328,571 5,538,425 3,361,722 314.891 685.551 1111111 1,673.415 19.584.377 1,719,465 657,135,569 265,944,561 3.534.259 23.835,463 1,673,415 13.585,602 2,513,727 9,412,543 1.248..398.372 10,956,416 (24.233,817) 5,998.775 (794,262) (9,412.543) (14.208.030 30,463,010 594.775.089 1.244.190.342 41,419,426 570,541,272 950.449.852 2,911,219 675.831.166 (1,412,282) 674,418,884 677.330,103 (24,233,817) (13,277,401) 594,775,089 625,238,099 570,541,272 611.960.698 S Primary Government Net (Expense) Revenue and Changes in Net Position Capital Grants and Contributions Governmental Activities Business-Type Activities Total Component Units 168,700 9,476,991 255,730 (6,139,434) (235,412,343) (132,373,036) (32,530,526) (28,684,752) (39,638,086) (9,286,446) (701,835,718) (51.541.615) (1.237.441.956) (6,139,434) (235,412,343) (132,373,036) (32,530,526) (28,684,752) (39,638,086) (9,286,446) (701,835,718) (51.541.615 (1.237.441.956) ||||||||| 8,475,773 18.377,194 12,779,321 30,384,856 43.164,177 61,541,371 (95,125) 34.766,165 34.671.040 34,671,040 (95,125) 34.766,165 34.671.040 (1,202,770,916) (1,237,441,956) 11,180,962 42,744,155 Program Revenues Operating Charges for Grants and Programs Expenses Services Contributions Primary government: Governmental activities: General government 65,241,233 48,266,394 10,666,705 Public safety 249.887,935 8,285,012 6,190,580 Publie works 207,843,230 49.166,390 16,826,813 Recreation and parks 54.344,080 20,905,820 652,004 Legislative and judicial 30,139.996 868,699 586,545 Community services 50.250.870 4.975,930 5.636,854 State highways 9,286,446 Education 710,311,491 Interest on long-term debt 51.541.615 Total governmental activities 1.428.846,896 132.468,245 40,559 501 Business-type activities: Water and sewer 113,056,969 64.833,505 35.349,018 Other 7.163.586 11,544,895 Total business-type activities 120.220.555 76.378.400 35.349,018 Total primary government 1,549,067,451 208,846,645 75,908,519 Component units: Housing commission 49,078,184 21.860,202 763,968 Public school system 1,085,224,351 21,997,083 175,495,114 Library 25.850,569 817.278 Community college 121.417.207 36.666,657 516,596 Total component units $ 1,281,571,011 81,341,220 176,775,678 General revenues: Property taxes Local income taxes Transfer tax Recordation tax Building excise tax Hotel / motel tax Admission tax County development tax Mobile home tax Appropriations from primary government Intergovernmental, unrestricted Unrestricted investment income Miscellaneous Transfers Total general revenues Change in net position Net position - beginning Adjustment to restate beginning net position Net position - beginning of year, as restated Net position - ending The accompanying notes are an integral part of these financial statements. (15,273,052) (844,987,999) (25,033,291) (62.244.291) (947,538,633) 21.990.363 75,915,480 S 654,794,565 496,679,385 31,367,019 21,142.956 7,328,571 5,538,425 3,361,722 314,891 685,551 654,794,565 496,679,385 31,367,019 21.142.956 7,328,571 5,538,425 3,361,722 314.891 685.551 1111111 1,673.415 19.584.377 1,719,465 657,135,569 265,944,561 3.534.259 23.835,463 1,673,415 13.585,602 2,513,727 9,412,543 1.248..398.372 10,956,416 (24.233,817) 5,998.775 (794,262) (9,412.543) (14.208.030 30,463,010 594.775.089 1.244.190.342 41,419,426 570,541,272 950.449.852 2,911,219 675.831.166 (1,412,282) 674,418,884 677.330,103 (24,233,817) (13,277,401) 594,775,089 625,238,099 570,541,272 611.960.698 S