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For governmental activities and total primary government presented on the statement of net position and the statement of activities, calculate debt to total assets ratio, debt to net position ratio, return on net position (also known as RONA or RONP), and times-interest-earned. Do these ratios raise any red flags? b. Examine the statement of revenues, expenditures, and changes in fund balances for Governmental funds to do the following: i. Calculate the common size ratios by revenue sources and the revenue per capita for the Total governmental funds. Identify the major revenue sources for Minsk. How do these compare with those of the other cities referenced in the background section? ii. Calculate and interpret the common size ratios for expenditures. Find the expenditures per capita for the major expenditure items in the governmental funds. How do these compare with those of the other cities referenced in the background section? c. Examine the Statement of Activities to determine which government function generates the most program revenue. Which government function is most subsidized by taxes and other general revenues? Statement of Net Position September 30, 2021 Primary Government Governmental Activities Business-type Activities Total ASSETS Cash and investments available (Note 3) $6,340,526 $37,418 $6,377,944 Accounts receivable 1,480,511 136,856 1,617,367 Grants and support receivable 836,962 - 836,962 Internal balances (Note 4B) 159,061 (159,061) - Inventory parts and supplies, at cost 256,075 - 256,075 Prepaid expense 1,018 35,931 36,949 Internal advance (Note 4C) 331,215 (331,215) - Loans receivable (Note 5) 1,931,687 - 1,931,687 Restricted cash and investments (Note 3) 10,470,997 208,400 10,679,397 Right to lease assets 1,043,637 - 1,043,637 Net pension asset (Note 9) 8,564,716 - 8,564,716 Capital assets less accumulated depreciation (Note 6) 129,114,607 10,763,121 139,877,728 Total Assets 160,531,012 10,691,450 171,222,462 DEFERRED OUTFLOWS OF RESOURCES Accumulated decrease in fair value of investment pool 5,892 - 5,892 LIABILITIES Accounts payable and accrued expenses 1,132,672 8,090 1,140,762 Wages payable 263,566 44,849 308,415 Uninsured losses payable (Note 10B) 857,034 - 857,034 Current portion of long-term liabilities (Note 7) 876,259 50,849 927,108 Deposits 802,629 27,219 829,848 Deferred revenue (Note 5) 2,641,519 13,380 2,654,899 Lease obligations 1,043,637 - 1,043,637 Noncurrent liabilities and debt (Note 7) 65,365,020 2,277,531 67,642,551 Total Liabilities 72,982,336 2,421,918 75,404,254 DEFERRED INFLOWS OF RESOURCES Deferred property management receipt - 4,213 4,213 NET POSITION Invested in capital assets 62,873,328 9,042,130 71,915,458 Restricted for: Capital projects 2,132,547 - 2,132,547 Debt service 8,259,989 - 8,259,989 Low/moderate income housing 307,378 - 307,378 Other purposes 9,441,687 - 9,441,687 Unrestricted (deficit) 4,539,639 (776,811) 3,762,828 Total Net Position $87,554,568 $8,265,319 $95,819,887 Statement of Activities For the Fiscal Year Ended September 30, 2021 Program Revenues Net (Expense) Revenue and Changes in Net Position Function Expenses Charges for Services Operating Grants and Contributions Capital Grants and Contributions Governmental Activities Business-type Activities Total Primary Government Government activities $4,425,146 $516,970 $392,201 $881,248 $(2,634,727) - $(2,634,727) Public Safety 7,859,899 212,574 (7,647,325) - (7,647,325) Public Works 3,083,037 322,959 1,299,262 456,392 (1,004,424) - (1,004,424) Recreation 1,691,237 1,002,362 69,134 (619,741) - (619,741) Interest on long-term debt 3,930,419 (3,930,419) - (3,930,419) Total government activities 20,989,738 1,842,291 1,973,171 1,337,640 (15,836,636) - (15,836,636) Business-type activities Airport 1,382,617 375,108 - (130,943) - $(1,138,452) (1,138,452) LUGE 1,435,225 840,046 - 452,178 - (143,001) (143,001) Total business-type activities 2,817,842 1,215,154 - 321,235 - (1,281,453) (1,281,453) Total primary government $23,807,580 $3,057,445 $1,973,171 $1,658,875 $(15,836,636) (1,281,453) (17,118,089) General revenues Tax and assessments $15,788,535 - 15,788,535 Interest earnings 1,597,850 - 1,597,850 Grants and contributions not restricted 1,773,734 - 1,773,734 Other 139,558 - 139,558 Transfers (339,100) 339,100 - Total general revenues and transfers 18,960,577 339,100 19,299,677 Change in net position 3,123,941 (942,353) 2,181,588 Net Positionbeginning 84,430,627 9,207,672 93,638,299 Net Positionending $87,554,568 $8,265,319 $95,819,887

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