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Operating revenue
<br />Charges for services $ 1,538,929 $ 1,206,723 $ 183,560
<br />Sewer access surcharge - 2,120 -
<br />Other 736 - -
<br />Total operating revenue 1,539,665 1,208,843 183,560
<br />Operating expenses
<br />Personal services 230,952 36,496
<br />Supplies 389,895 3,222
<br />Service charges
<br />Disposal charges - 453,387 -
<br />Other 186,956 27,553 96,261
<br />Depreciation 439,445 362,556 27,578
<br />Total operating expenses 1,247,248 883,214 123,839
<br />Operating income (loss) 292,417 325,629 59,721
<br />Nonoperating revenue
<br />Investment earnings 594,177 329,043 52,781
<br />Total nonoperating revenue 594,177 329,043 52,781
<br />Income before contributions and transfers 886,594 654,672 112,502
<br />Capital contributions 569,744 183,460 -
<br />Transfers out (316,250) (311,250) (11,000)
<br />Change in net assets 1,140,088 526,882 101,502
<br />Net assets
<br />Beginning of year 34,494,943 24,607,427 1,420,268
<br />End of year $ 35,635,031 $ 25,134,309 $ 1,521,770
<br />See notes to basic financial statements
<br />CITY OF RAMSEY
<br />Statement of Revenue, Expenses, and Changes in Net Assets
<br />Proprietary Funds
<br />Year Ended December 31, 2008
<br />-23-
<br />Business -Type Activities - Enterprise Funds
<br />Water Utility Sewer Utility Street Light
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