16
Statement of Activities
•Net cost format (expenses minus program revenue = net cost)
•Expenses by functions/programs
•Revenues by:
–Charges for services
–Operating grants and contributions
–Capital grants and contributions
–General (e.g., taxes and other non-program revenue)
•
The purpose of the statement is to show how functional expenditures are first supported by revenues directly charged for those functions and operating grants and contributions, then by the general revenues of the government.

The net of program revenues and expenses are shown as either governmental activities or business types actives.

Extraordinary items - unusual and infrequent

Special items - unusual or infrequent and controllable by management.