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
Golf Course.
Governmental Activities
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 generally do not cover all expenses.
Total expenses
Increase in net position before transfers
Increase in net position
4
Report to Citizens
GOVERNMENTAL ACTIVITIES - REVENUES BY SOURCE
Charges for services
Operating/capital
grants and
contributions
Property taxes
Other taxes Other