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NYS Comptroller

THOMAS P. DiNAPOLI

Local Government and School Accountability

Previous Accounting Releases (Advisories and Bulletins)

Examples from GASB Statement 34 included in this bulletin, copyright by the Governmental Accounting Standards Board, 401 Merritt 7, Norwalk, CT 06856 are reprinted by permission.
Program Revenues Net (Expense) Revenue and Changes in Net Assets
Functions/Programs Expenses Charges for Service Operating Grants and Contributions Capital Grants and Contributions Primary Government Component Units
Governmental Activities Business-type Activities Total
Primary government:                
Governmental activities:                
General government $9,571,410 $3,146,915 $843,617 $----- $(5,580,878) $----- $(5,580,878) $-----
Public safety 34,844,749 1,198,855 1,307,693 62,300 (32,275,901) ----- (32,275,901) -----
Public works 10,128,538 850,000 ----- 2,252,615 (7,025,923) ----- (7,025,923) -----
Engineering services 1,299,645 704,793 ----- ----- (594,852) ----- (594,852) -----
Health and sanitation 6,738,672 5,612,267 575,000 ----- (551,405) ----- (551,405) -----
Cemetery 735,866 212,496 ---- ----- (523,370) ----- (523,370) -----
Culture and recreation 11,532.350 3,995,199 2,450,000 ----- (5,087,151) ----- (5,087,151) -----
Community development 2,994,389 ----- ----- 2,580,000 (414,389) ----- (414,389) -----
Education (payment to school district) 21,893,273 ----- ----- ----- (21,893,273) ----- (21,893,273) -----
Interest on long-term debt 6,068,121 ----- ----- ----- (6,068,121) ----- (6,068,121) -----
Total governmental activities 105,807,013 15,720,525 5,176,310 4,894,915 (80,015,263) ----- (80,015,263) -----
Business-type activities:                
Water 3,595,733 4,159,350 ----- 1,159,909 ----- 1,723,526 1,723,526 -----
Sewer 4,912,853 7,170,533 ----- 486,010 ----- 2,743,690 2,743,690 -----
Parking facilities 2,796,283 1,344,087 ----- ----- ----- (1,452,196) (1,452,196) -----
Total business-type activities 11,304,869 12,673,970 ----- 1,645,919 ----- 3,015,020 3,015,020 -----
Total primary government $ 117,111,882 $   28,394,495 $      5,176,310 $     6,540,834     (80,015,263)       3,015,020   (77,000,243)                 -----
Component units:
   Landfill $     3,382,157 $     3,857,858 $              ----- $          11,397 ----- ----- ----- 487,098
   Public school system      31,186,498           705,765        3,937,083                 -----                  -----                 -----                 -----    (26,543,650)
Total component units $   34,568,655 $     4,563,623 $     3,937,083 $          11,397                  -----                 -----                 -----    (26,056,552)

General revenues:

     Taxes:

           Property taxes, levied for general purposes

51,693,573 ----- 51,693,573 -----
           Property taxes, levied for debt service 4,726,244 ----- 4,726,244 -----
           Franchise taxes 4,055,505 ----- 4,055,505 -----
           Public service taxes 8,969,887 ----- 8,969,887 -----
     Payment from Sample City ----- ----- ----- 21,893,273
     Grants and contributions not restricted to specific programs 1,457,820 ------ 1,457,820 6,461,708
     Investment earnings 1,958,144 601,349 2,559,493 881,763
     Miscellaneous 884,907 104,925 989,832 22,464
Special Item - gain on sale of park land 2,653,488 ------ 2,653,488 -----
Transfers           501,409         (501,409)                 -----                  -----
                Total general revenues, special items, and transfers      76,900,977           204,865      77,105,842      29,259,208
                        Change in net assets (3,114,286) 3,219,885 105,599 3,202,656
Net assets - beginning     126,673,160      82,349,309    209,022,469      16,025,971
Net assets - ending $  123,558,874 $   85,569,194 $  209,128,068 $    19,228,627