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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