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VADNAIS LAKE AREA WATER MANAGEMENT ORGANIZATION <br />MANAGEMENT'S DISCUSSION AND ANALYSIS <br />DECEMBER 31, 2018 <br />Government -Wide Financial Analysis (Continued) <br />Vadnais Lake Area Water Management Organization's Changes in Net Position <br />December 31, Increase <br />2018 2017 (Decrease) <br />REVENUES <br />Program: <br />Charges for Services $ 756,604 $ 652,720 $ 103,884 <br />Operating Grants and Contributions 176,599 321,057 (144,458) <br />General: <br />Unrestricted Investment Eamings 7,565 2,319 5,246 <br />Total Revenues 940,768 976,096 (35,328) <br />EXPENSES <br />General and Administrative 446,811 492,069 (45,258) <br />Programs 26,241 33,107 (6,866) <br />Projects 201,640 128,359 73,281 <br />Total Expenses 674,692 653,535 21,157 <br />CHANGE IN NET POSITION 266,076 322,561 (56,485) <br />Net Position - January 1 544,046 221,485 322,561 <br />NET POSITION - DECEMBER 31 $ 810,122 $ 544,046 $ 266,076 <br />(9) <br />