2019 Comprehensive Annual Financial Report (CAFR)

Governmental Activities

Business-Type Activities 2019 2018

Total

(Continued)

2019

2018

2019

2018

Transfers

$ (19,296) $

(7,165) $ 19,296 $ 7,165 $

$

Change in Net Position

(13,159)

6,430

44,389

19,005

31,230

25,435

Beg. Net Position Prior Period Restatement Beg. Net Position, restated

249,142

335,314 (92,602) 242,712

727,929 57,769 785,698

728,795 (19,871) 708,924

977,071 57,769 1,034,840

1,064,109 (112,473) 951,636

249,142

Ending Net Position

$ 235,983 $ 249,142 $ 830,087 $ 727,929 $ 1,066,070 $ 977,071

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

FY2019

FY2018

$ Change

% Change

Interest Revenue Interest Expense

$7,891 10,975

$1,768

$6,123

346.3% 73.4% 32.4%

6,331

4,644

Net

($3,084)

($4,563)

$1,479

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

% Change 235.8% 0.0% 79.1%

$ Change $4,502 1 $4,501

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

FY2019 $6,411 7,603 ($1,192)

Interest Revenue Interest Expense Net

A. Governmental Activities Governmental activities decreased the City’s net position by approximately $13.2 million, down from an approximate $6.4 million increase last year. Contributing to the decrease was increased expenses in Transportation, Neighborhood Development and interest, fees on long-term debt for project relating to the 2018 General Obligation Bond issued in FY 19. The Internal Service Funds are combined with governmental activities at the entity-wide level. 2j