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<br />
<br />Finance
<br />
<br />City of Ramsey
<br />Year Ended December 31, 2007
<br />
<br />Statement of Revenue, Expenses, and Changes in Net Assets - Proprietary Funds
<br />
<br />Water Utility
<br />
<br />Operating revenue
<br />Charges for services
<br />Sewer access surcharge
<br />Other
<br />
<br />Total operating revenue
<br />
<br />1,438,893
<br />
<br />1,765
<br />1,440,658
<br />
<br />Operating expenses
<br />Personal services
<br />Supplies
<br />Service charges
<br />Disposal charges
<br />Other
<br />Depreciation
<br />Total operating expenses
<br />
<br />188,809
<br />152,577
<br />
<br />149,503
<br />421,205
<br />912,094
<br />
<br />Operating income (loss)
<br />
<br />528,564
<br />
<br />Nonoperating revenue
<br />Investment earnings
<br />Total nonoperating revenue
<br />
<br />640,223
<br />640,223
<br />
<br />Income before contributions and transfers
<br />
<br />1,168,787
<br />
<br />Capital contributions
<br />Transfers in (out)
<br />
<br />1,055,145
<br />(22,000)
<br />
<br />Change in net assets
<br />
<br />2,201,932
<br />
<br />Net assets
<br />Beginning of year
<br />
<br />32,293,011
<br />
<br />End of year
<br />
<br />$ 34,494,943
<br />
<br />Business-Type Activities - Enterprise Funds
<br />Recycling Storm Water
<br />Sewer Utility Street Light Utility Utility
<br />
<br />1,093,170
<br />4,395
<br />3,383
<br />1,100,948
<br />
<br />173,541
<br />
<br />291,152
<br />
<br />503,553
<br />
<br />173,541
<br />
<br />291,152
<br />
<br />503,553
<br />
<br />47,686
<br />5,233
<br />
<br />3,765
<br />4,656
<br />
<br />67,311
<br />19,770
<br />
<br />399,681
<br />38,011
<br />347,841
<br />838,452
<br />
<br />83,334
<br />27,503
<br />110,837
<br />
<br />275,325
<br />
<br />173,777
<br />179,839
<br />440,697
<br />
<br />283,746
<br />
<br />262,496
<br />
<br />7,406
<br />
<br />62,856
<br />
<br />62,704
<br />
<br />330,824
<br />330,824
<br />
<br />54,628
<br />54,628
<br />
<br />635
<br />635
<br />
<br />15,311
<br />15,311
<br />
<br />593,320
<br />
<br />117,332
<br />
<br />8,041
<br />
<br />78,167
<br />
<br />986,111
<br />(17,000)
<br />
<br />660,990
<br />348,035
<br />
<br />65,420
<br />(10,000)
<br />
<br />(6,200)
<br />
<br />1,562,431
<br />
<br />172,752
<br />
<br />1,841
<br />
<br />1,087,192
<br />
<br />23,044,996
<br />
<br />1,247,516
<br />
<br />105,776
<br />
<br />8,382,485
<br />
<br />$ 24,607,427
<br />
<br />1,420,268
<br />
<br />107,617
<br />
<br />9,469,677
<br />
<br />Statement of Cash Flows - Proprietary Funds
<br />
<br />Totals
<br />
<br />3,500,309
<br />4,395
<br />5,148
<br />3,509,852
<br />
<br />307,571
<br />182,236
<br />
<br />399,681
<br />719,950
<br />976,388
<br />2,585,826
<br />
<br />924,026
<br />
<br />1,041,621
<br />1,041,621
<br />
<br />1,965,647
<br />
<br />2,767,666
<br />292,835
<br />
<br />5,026,148
<br />
<br />65,073,784
<br />
<br />$ 70,099,932
<br />
<br />Governmental
<br />Acti vities
<br />Internal
<br />Service
<br />
<br />21,691
<br />21,691
<br />
<br />41,289
<br />
<br />41,289
<br />
<br />(19,598)
<br />
<br />25,172
<br />25,172
<br />
<br />5,574
<br />
<br />5,574
<br />
<br />426,679
<br />
<br />432,253
<br />
<br />Water Utility
<br />
<br />Business- Type Activities - Enterprise Funds
<br />Recycling S tonn Water
<br />Sewer Utility Street Light Utility Utility
<br />
<br />Totals
<br />
<br />Cash flows from operating activities
<br />Receipts from customers and users 1,389,314 1,072,576 170,532 288,295 491,446 $ 3,412,163
<br />Receipts from interfund services provided
<br />Paid to suppliers/service providers (492,544) (590,725) (88,162) (279,981) (504,544) (1,955,956)
<br />Paid to employees ( 188,809) (47,686) (3,765) (67,311) (307,571 )
<br />Net cash provided (used) by operating activities 707,961 434,165 82,370 4,549 (80,409) 1,148,636
<br />Cash flows from capital and related financing activities
<br />Capital contributions 417,039 460,380 65,420 942,839
<br />Acquisition of capital assets (845,680) (256,864) (71,910) 184,256 (990,198)
<br />Net cash provided (uscd) by capital (428,641 ) 203,516 ( 6,490) 184,256 (47,359)
<br />and related financing activities
<br />Cash flows from investing activities
<br />Interest received on investments 640,223 330,824 54,628 635 15,311 1,041,621
<br />Cash flows from noncapita1 financing activities
<br />Transfers in (out) (22,000) (17,000) (10,000) (6,200) 348,035 292,835
<br />Net increase (decrease) in cash and temporary
<br />investments/ cash eq ui va1ents 897,543 951,505 120,508 (1,016) 467,193 2,435,733
<br />Cash and temporary investments/cash equivalents
<br />Beginning of year 11,311,072 5,277,635 890,447 18,116 143,233 17,640,503
<br />End of year $ 12,208,615 6,229,140 1,010,955 17,100 610,426 $ 20,076,236
<br />
<br />Governmental
<br />Acti vi ties
<br />Internal
<br />Service
<br />
<br />21,691
<br />(34,335)
<br />
<br />(12,644)
<br />
<br />25,172
<br />
<br />12,528
<br />
<br />426,762
<br />
<br />439,290
<br />
<br />4
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<br />www.ci.ramsey.mn.us
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