Adobe Acrobat File:P33.pdf
This document is a text-only version of the original Adobe Acrobat file. Graphics and formatting may be lost in the conversion from pdf to html.
View the Adobe Acrobat version of this file.
City of Muskegon
STATEMENT OF ACTIVITIES
Year Ended December 31, 2003
Net (Expense) Revenue and Change in Net Assets
Program Revenues Primary Government
Capital Grants
Charges for Operating Grants and Governmental Business-Type Component Total Reporting
Functions/Programs Expenses Services and Contributions Contributions Activities Activities Total Units Entity
Primary government
Governmental activities
Public representation services $ 887,496
$ 204,435
$ - -
$ $ (683,061)
$ - $ (683,061)
$ - $ (683,061)
Administrative services 1,227,407
292,665
33,000
-
(901,742)
- (901,742)
- (901,742)
Financial services 1,842,653
591,174
- -
(1,251,479)
- (1,251,479)
- (1,251,479)
Public safety 11,583,282
1,162,175
211,597
-
(10,209,510)
- (10,209,510)
- (10,209,510)
Public works 2,947,194
266,045
- 391,055
(2,290,094)
- (2,290,094)
- (2,290,094)
Leisure services 3,042,315
1,026,822
52,265
245,987
(1,717,241)
- (1,717,241)
- (1,717,241)
Planning and economic development 3,371,472
977,448
2,077,731
667,065
350,772
- 350,772
- 350,772
Highways, streets and bridges 3,483,032
273,893
3,239,035
9,190,510
9,220,406
- 9,220,406
- 9,220,406
General administration 1,601,112
122,447
- -
(1,478,665)
- (1,478,665)
- (1,478,665)
Interest on long-term debt 223,717
- - -
(223,717)
- (223,717)
- (223,717)
Total governmental activities 30,209,680
4,917,104
5,613,628
10,494,617
(9,184,331)
- (9,184,331)
- (9,184,331)
Business-type activities
Water 4,538,186
4,131,126
- -
- (407,060)
(407,060)
- (407,060)
Sewer 3,416,372
4,057,743
- -
- 641,371
641,371
- 641,371
Marina 325,401
274,258
- 256,612
- 205,469
205,469
- 205,469
Total business-type activities 8,279,959
8,463,127
- 256,612
- 439,780
439,780
- 439,780
Total primary government 38,489,639
$ $ 13,380,231 $ 5,613,628 $ 10,751,229 (9,184,331) 439,780 (8,744,551) - (8,744,551)
Component units
Local Development Finance Authority I -
$ $ - $ - -
$ - - - - -
Local Development Finance Authority II 544,148
- - -
- - - (544,148)
(544,148)
Local Development Finance Authority III 231,786
- - -
- - - (231,786)
(231,786)
Downtown Development Authority 276,312
- - -
- - - (276,312)
(276,312)
Total component units $ 1,052,246
$ - $ - -
$ - - - (1,052,246) (1,052,246)
General revenues
Property taxes 7,029,393
- 7,029,393
1,796,169
8,825,562
Income taxes 6,644,708
- 6,644,708
- 6,644,708
State shared revenues 4,938,861
- 4,938,861
- 4,938,861
Cable franchise fees 265,532
- 265,532
- 265,532
Investment earnings 281,492
71,628
353,120
70,291
423,411
Miscellaneous 109,620
- 109,620
- 109,620
Gain (loss) on sale of capital assets 62,992
(88,767)
(25,775)
- (25,775)
Total general revenues 19,332,598
(17,139)
19,315,459
1,866,460
21,181,919
Change in net assets 10,148,267
422,641
10,570,908
814,214
11,385,122
Net assets at beginning of year 36,933,205
38,696,732
75,629,937
(5,064,716)
70,565,221
Net assets at end of year 47,081,472
$ $ 39,119,373 $ 86,200,845 $ (4,250,502) $ 81,950,343
The accompanying notes are an integral part of this statement.