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CITY OF SUNNY ISLES BEACH, FLORIDA
<br />STATEMENT OF ACTIVITIES
<br />FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023
<br />The accompanying notes to basic financial statements are an integral part of these statements.
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<br />Net Revenue (Expense) and
<br />Program Revenues
<br />Changes in Net Position
<br />Charges
<br />Operating Capital
<br />Business -
<br />for
<br />Grants and Grants and
<br />Governmental
<br />Type
<br />Expenses
<br />Services
<br />Contributions Contributions
<br />Activities
<br />Activities
<br />Total
<br />Functions/Programs:
<br />Governmental Activities:
<br />General government
<br />$ 13,833,399
<br />$ 9,773,837
<br />$ 4,574,905 $
<br />$ 515,343
<br />$
<br />$ 515,343
<br />Public safety
<br />20,977,245
<br />1,977,237
<br />48,516
<br />(18,951,492)
<br />(18,951,492)
<br />Physical environment
<br />8,378,702
<br />--
<br />--
<br />(8,378,702)
<br />(8,378,702)
<br />Cultural and human services
<br />10,419,302
<br />1,071,350
<br />--
<br />(9,347,952)
<br />(9,347,952)
<br />Transportation
<br />2,834,818
<br />--
<br />1,617,926
<br />(1,216,892)
<br />(1,216,892)
<br />Interest on long-term debt
<br />450,849
<br />(450,849)
<br />(450,849)
<br />Total Governmental Activities
<br />56,894,316
<br />12,822,424
<br />6,241,347
<br />(37,830,545)
<br />(37,830,545)
<br />Business -Type Activities:
<br />Stormwater
<br />1,044,307
<br />1,308,002
<br />263,695
<br />263,695
<br />Total Business -Type Activities
<br />1,044,307
<br />1,308,002
<br />--
<br />263,695
<br />263,695
<br />Total Primary Government
<br />$ 57,938,623
<br />$ 14,130,426
<br />$ 6,241,347 $
<br />(37,830,545)
<br />263,695
<br />(37,566,850)
<br />General revenues:
<br />Property taxes
<br />26,375,504
<br />--
<br />26,375,504
<br />Utility taxes
<br />6,054,242
<br />6,054,242
<br />Franchise taxes on gross receipts
<br />3,780,100
<br />--
<br />3,780,100
<br />Intergovernmental, unrestricted
<br />3,605,819
<br />87,569
<br />3,693,388
<br />Investment income
<br />3,295,486
<br />61,199
<br />3,356,685
<br />Impact fees
<br />13,224
<br />--
<br />13,224
<br />Gain on sale of capital assets
<br />26,973
<br />26,973
<br />Miscellaneous
<br />405,537
<br />405,537
<br />Total General Revenues
<br />43,556,885
<br />148,768
<br />43,705,653
<br />Change in Net Position
<br />5,726,340
<br />412,463
<br />6,138,803
<br />Net Position - Beginning
<br />306,673,253
<br />16,459,347
<br />323,132,600
<br />Net Position - Ending
<br />$ 312,399,593
<br />$ 16,871,810
<br />$ 329,271,403
<br />The accompanying notes to basic financial statements are an integral part of these statements.
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