Ordinance 2024-611 - Laserfiche WebLink

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City of Sunny Isles Beach, Florida Management's Discussion and Analysis September 30, 2023 • General Government, Public Safety, and Transportation expenses increased by $2.3, $5.6, and $0.4, respectively. Governmental revenues increased from $58.6 to $62.6. 42.1% of these revenues received come from property taxes, 20.5% from charges for services, 15.7% from utility and franchise taxes, 10.0% from operating grants & contributions, 5.8% from intergovernmental, 5.3% from investment income, and 0.6% from miscellaneous. Chart 1 compares program revenues to program expenses for each category of activities. The cost of all governmental activities this year was $56.9. Some of that cost was financed by: • Those who directly benefited from the programs through charges for services ($12.8), and • Other governments and organizations that subsidized certain programs through operating grants and contributions ($6.2) The City financed the remaining $37.9 "public benefit" portion of governmental activities with taxes (property taxes, utility taxes, and franchise fees) and intergovernmental revenues. EXPENSES AND PROGRAM REVENUES GOVERNMENTAL ACTIVITIES 25,000 ® Expenses ■ Program revenues Public safety Business -type Activities - Business -type activities increased the City's net position by $0.4 thereby accounting for 6.7% of the total increase in the government's net position. Revenues of the City's business -type activities increased by 18.3% from the previous year; $1.23 to $1.46, and expenses increased by 13.8% from the previous year; $0.92 to $1.04. Factors contributing to these results included: • Stormwater fees, intergovernmental revenues and investment income increased by $0.13, $0.02, and $0.09, respectively. • Stormwater personnel expenses and operating expenses increased by $0.10 and $0.02, respectively. 12 20,000 c m 0 15,000 ;a o c +n 10,000 a 5,000.E General government ® Expenses ■ Program revenues Public safety Business -type Activities - Business -type activities increased the City's net position by $0.4 thereby accounting for 6.7% of the total increase in the government's net position. Revenues of the City's business -type activities increased by 18.3% from the previous year; $1.23 to $1.46, and expenses increased by 13.8% from the previous year; $0.92 to $1.04. Factors contributing to these results included: • Stormwater fees, intergovernmental revenues and investment income increased by $0.13, $0.02, and $0.09, respectively. • Stormwater personnel expenses and operating expenses increased by $0.10 and $0.02, respectively. 12