Report TO CITIZENS
FINANCIAL INFORMATION
The financial information in this report distinguishes functions of the Town that are principally supported by taxes and intergovernmental revenues,
governmental activities, from other functions that are intended to cover their costs primarily from user fees and charges and are utilities and business
services. The governmental activities of the Town include general government, public safety, general public works and beach, sanitation and waste removal,
highways and streets, economic development, recreation and culture, and construction of capital assets. The utilities and business services of the Town
include water, wastewater, the Roland E. Powell Convention Center, transportation, the Ocean City Municipal Airport and Eagle’s Landing Golf Course.
Governmental activities such as police and public safety, solid waste collection, and community services are generally supported by taxes and revenues
shared from the federal government, State of Maryland and Worcester County as the fees collected for each activity do not generally cover all expenses.
Government Activities
4
Where the Money Comes From Where the Money Goes
2017 2016 2017 2016
REVENUES EXPENSES
Program Revenues: General government
General revenues:
Total expenses
Increase in net position before transfers
Increase in net position
Other Taxes
Property Tax
Charges for
Services
Capital/operating
Grants& Contributions
19%
8%
23%
50%