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CITY OF CASSELBERRY, FLORIDA
<br />MANAGEMENT'S DISCUSSION AND ANALYSIS Continued
<br />September 30, 2019
<br />Governmental Activities
<br />Governmental activities increased the City's net position by $7,550,283 thereby affecting 64.21% of the total
<br />increase in the net position of the City. With expenses remaining fairly consistent, the increase in net position
<br />is attributable to the growth in revenues. The increase in charges for services is partially reflective of continued
<br />growth within the City of Casselberry. Impact fees and permit fees increased $691,748 or 282%. Stormwater
<br />fees increased 20% to $347,477 due to a budgeted rate increase. Operating grants increased due to
<br />reimbursement from FEMA and the State for costs incurred by Hurricane Irma in previous fiscal years. The
<br />U.S. Department of Agriculture Natural Resources Conservation Services provided a Capital Grant to assist in
<br />funding the Gee Creek/Howell Creek erosion control project. Property taxes are reflective of higher property
<br />values and growth within the City. Other increases are mostly related to growth and a vibrant economy.
<br />City of Casselberry, Florida
<br />Changes in Net Position
<br />9
<br />Governmental Activities
<br />Business -type
<br />Activities
<br />Total
<br />2019
<br />2018
<br />2019
<br />2018
<br />2019
<br />2018
<br />REVENUES
<br />Program Revenues:
<br />Charges for Services
<br />$ 6,200,059
<br />$ 5,005,643
<br />$ 19,752,394
<br />$ 19,528,133
<br />$ 25,952,453 $
<br />24,533,776
<br />Operating Grants and Contributions
<br />1,435,762
<br />619,693
<br />323,640
<br />1,808
<br />1,759,402
<br />621,501
<br />Capital Grants and Contributions
<br />1,343,751
<br />606,533
<br />358,681
<br />78,024
<br />1,702,432
<br />684,557
<br />General Revenues:
<br />Property Taxes
<br />4,507,851
<br />3,863,887
<br />-
<br />-
<br />4,507,851
<br />3,863,887
<br />Other Taxes
<br />8,906,984
<br />8,222,427
<br />-
<br />-
<br />8,906,984
<br />8,222,427
<br />Other
<br />4,883,736
<br />4,079,936
<br />879,855
<br />278,018
<br />5,763,591
<br />4,357,954
<br />Total Revenues
<br />27,278,143
<br />22,398,119
<br />21,314,570
<br />19,885,983
<br />48,592,713
<br />42,284,102
<br />EXPENSES
<br />General Government
<br />3,129,368
<br />3,186,612
<br />-
<br />-
<br />3,129,368
<br />3,186,612
<br />Public Safety
<br />7,984,299
<br />7,628,779
<br />7,984,299
<br />7,628,779
<br />Physical Environment
<br />4,095,432
<br />3,673,470
<br />4,095,432
<br />3,673,470
<br />Transportation
<br />3,174,747
<br />3,156,259
<br />3,174,747
<br />3,156,259
<br />Economic Environment
<br />160,332
<br />444,771
<br />160,332
<br />444,771
<br />Culture/Recreation
<br />2,322,355
<br />2,227,600
<br />2,322,355
<br />2,227,600
<br />Interest on Long-term Debt
<br />345,752
<br />323,555
<br />345,752
<br />323,555
<br />Water and Wastewater
<br />-
<br />-
<br />14,596,333
<br />13,416,587
<br />14,596,333
<br />13,416,587
<br />Golf Course
<br />1,025,105
<br />957,864
<br />1,025,105
<br />957,864
<br />Total Expenses
<br />21,212,285
<br />20,641,046
<br />15,621,438
<br />14,374,451
<br />36,833,723
<br />35,015,497
<br />Excess (Deficiency) Before Special
<br />Items and Transfers
<br />6,065,858
<br />1,757,073
<br />5,693,132
<br />5,511,532
<br />11,758,990
<br />7,268,605
<br />Transfers
<br />1,484,425
<br />936,532
<br />(1,484,425)
<br />(936,532)
<br />-
<br />Change in Net Position
<br />7,550,283
<br />2,693,605
<br />4,208,707
<br />4,575,000
<br />11,758,990
<br />7,268,605
<br />Net Position Beginning
<br />64,509,632
<br />61,816,027
<br />75,031,537
<br />70,456,537
<br />139,541,169
<br />132,272,564
<br />Net Position Ending
<br />$ 72,059,915
<br />$ 64,509,632
<br />$ 79,240,244
<br />$ 75,031,537
<br />$ 151,300,159 $
<br />139,541,169
<br />9
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