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CITY OF NEW BRIGHTON, MINNESOTA
<br />
<br />December 31, 2013
<br />
<br />
<br />
<br /> 21
<br />t position decreased by $ 6,954,632 during the 2013 fiscal year. Key elements of this increase
<br />are as follows:
<br />
<br />City of New Brighton Changes in Net Position
<br />
<br />
<br />Revenues:2013 2012 2013 2012 2013 2012
<br />Program revenues:
<br /> Charges for services 8,004,071$ 7,437,082$ 5,066,081$ 4,891,548$ 13,070,152$ 12,328,630$
<br /> Operating grants and
<br /> contributions 1,218,959 1,336,617 - - 1,218,959 1,336,617
<br /> Capital grants and
<br /> contributions 407,943 342,903 - - 407,943 342,903
<br />General revenues:
<br /> Property taxes 7,570,367 7,520,855 4,268 2,207 7,574,635 7,523,062
<br /> Other taxes 3,588,394 4,361,145 - - 3,588,394 4,361,145
<br /> Grants and contributions not
<br /> restricted to specific programs - - - - - -
<br /> Unrestricted investment earnings (1,376,544) 259,280 (60,143) 12,224 (1,436,687) 271,504
<br /> Gain on sale of capital assets 12,731 14,394 - - 12,731 14,394
<br /> Total revenues 19,425,921 21,272,276 5,010,206 4,905,979 24,436,127 26,178,255
<br />Expenses:
<br /> General government 1,768,059 1,708,455 - - 1,768,059 1,708,455
<br /> Community development 7,921,259 2,338,616 - - 7,921,259 2,338,616
<br /> Parks and recreation 2,839,949 2,787,129 - - 2,839,949 2,787,129
<br /> Public safety 5,201,983 5,074,784 - - 5,201,983 5,074,784
<br /> Public works 6,710,073 5,620,482 - - 6,710,073 5,620,482
<br /> Interest on long-term debt 1,751,388 1,966,395 - - 1,751,388 1,966,395
<br /> Water - - 1,574,048 1,575,995 1,574,048 1,575,995
<br /> Sewer - - 2,548,167 2,402,868 2,548,167 2,402,868
<br /> Stormwater - - 577,036 577,794 577,036 577,794
<br /> Street lights - - 181,004 202,503 181,004 202,503
<br /> Golf course - - 317,793 334,621 317,793 334,621
<br /> Total expenses 26,192,711 19,495,861 5,198,048 5,093,781 31,390,759 24,589,642
<br />Increase (decrease) in net position
<br /> before transfers (6,766,790) 1,776,415 (187,842) (187,802) (6,954,632) 1,588,613
<br />Transfers 241,114 (199,099) (241,114) 199,099 - -
<br />Increase (decrease) in net position (6,525,676) 1,577,316 (428,956) 11,297 (6,954,632) 1,588,613
<br />60,158,039 58,580,723 14,490,730 14,479,433 74,648,769 73,060,156
<br />53,632,363$ 60,158,039$ 14,061,774$ 14,490,730$ 67,694,137$ 74,648,769$
<br />Governmental Activities Business-type Activities Totals
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