Question

CITY OF NORTHERN PINES Statement of Activities For the Year Ended June 30, 2020 Program Revenues Net (Expense) Revenue and Change in Net Position Functions/Programs Expenses Charges for Services Operating Grants Governmental Activities Business-Type Activities Total Governmental Activities: General Government $9,540,000 $1,091,000 $(8,449,000) $(8,449,000) Culture and Recreation 4,128,000 2,160,000 (1,968,000) (1,968,000) Health and Sanitation 6,107,000 2,511,000 1,189,000 (2,407,000) (2,407,000) Public Safety 22,620,000 1,190,000 686,000 (20,744,000) (20,744,000) Public Works 11,988,000 (11,988,000) (11,988,000) Interest on Long-Term Debt 1,004,000 (1,004,000) (1,004,000) 0 Total Governmental Activities $55,387,000 $6,952,000 $1,875,000 $(46,560,000) $0 $(46,560,000) Business-Type Activities: Parking System $412,000 $293,000 $(119,000) $(119,000) Water and Sewer System 11,358,000 12,459,000 1,101,000 1,101,000 0 Total Business-Type Activities $11,770,000 $12,752,000 $0 0 $982,000 $982,000 Total – Primary Government $67,157,000 $19,704,000 $1,875,000 $(46,560,000) $982,000 $(45,578,000) General Revenues: Property Taxes $26,657,000 $26,657,000 Sales Taxes 20,351,000 20,351,000 Investment Earnings 314,000 314,000 Special Item-Gain on Sale of Land 1,230,000 1,230,000 Transfers 874,000 874,000 0 Total General Revenues, Special Items, and Transfers $48,238,000 $1,188,000 $49,426,000 Change in Net Position $0 Net Position, Beginning of Year 11,242,000 21,981,000 33,223,000 Net Position, End of Year $11,242,000 $21,981,000 $33,223,000

What is the "Change in Net Position"?

Answer 1

CITY OF NORTHERN PINES
Statement of Activities
For the Year Ended June 30, 2020
	Program Revenues		Net (Expense) Revenue and Change in Net Position
Functions/Programs	Expenses	Charges for Services	Operating Grants		Governmental Activities	Business-Type Activities	Total
Governmental Activities:
General Government	$9,540,000	$1,091,000			($8,449,000)		($8,449,000)
Culture and Recreation	4,128,000	2,160,000			-1,968,000		-1,968,000
Health and Sanitation	6,107,000	2,511,000	1,189,000		-2,407,000		-2,407,000
Public Safety	22,620,000	1,190,000	686,000		-20,744,000		-20,744,000
Public Works	11,988,000				-11,988,000		-11,988,000
Interest on Long-Term Debt	1,004,000				-1,004,000		-1,004,000
							0
Total Governmental Activities	$55,387,000	$6,952,000	$1,875,000		($46,560,000)	$0	($46,560,000)
Business-Type Activities:
Parking System	$412,000	$293,000				($119,000)	($119,000)
Water and Sewer System	11,358,000	12,459,000				1,101,000	1,101,000
							0
Total Business-Type Activities	$11,770,000	$12,752,000	$0		0	$982,000	$982,000
Total – Primary Government	$67,157,000	$19,704,000	$1,875,000		($46,560,000)	$982,000	($45,578,000)	(a)
General Revenues:
Property Taxes					$26,657,000		$26,657,000
Sales Taxes					20,351,000		20,351,000
Investment Earnings						314,000	314,000
Special Item-Gain on Sale of Land					1,230,000		1,230,000
Transfers						874,000	874,000
							0
Total General Revenues, Special Items, and Transfers					$48,238,000	$1,188,000	$49,426,000	(b)
Change in Net Position					$1,678,000	$2,170,000	$3,848,000	(a) +(b)
Net Position, Beginning of Year					11,242,000	21,981,000	33,223,000
Net Position, End of Year					$11,242,000	$21,981,000	$33,223,000