Net Revenue (Change in Net Position)

Source: Individual Government ACFRs
Latest Data: 2022
Release Timing: Following Year
Frequency: Annual

Net revenue, or Change in Net Position, is calculated by subtracting total net expenses from total general revenues, which includes sales, use, and income taxes. Net expenses adjust total expenses to reflect fees earned for governmental and business-type activities, and they include other revenue sources as well, such as intergovernmental grants. Alternatively, net revenue may also be calculated by subtracting total expenses from total revenues, which includes both program revenues and general revenues.

Net revenue is calculated from line items on "The Statement of Activities" in each government's Annual Comprehensive Financial Report (ACFR). It does not include changes in undisclosed pension and retirement obligations. This can help explain why it is possible for a government to show positive net revenue yet have an increasing Taxpayer BurdenTM  in the same fiscal year.