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<br />CITY OF RAMSEY
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<br />Statement of Revenue, Expenses, and Changes in Net Assets
<br />Proprietary Funds
<br />Year Ended December 31, 2009
<br />
<br /> Business- Type Activities - Enterprise Funds
<br /> Street Light
<br /> Water Utility Sewer Utility Utility
<br />Operating revenue
<br />Charges for services $ 1,692,602 $ 1,213,993 $ 172,897
<br />Sewer access surcharge 960
<br />Other 979
<br />Total operating revenue 1,693,581 1,214,953 172,897
<br />Operating expenses
<br />Personal services 225,304 63,843
<br />Supplies 344,313 16,538
<br />Service charges
<br />Disposal charges 511 ,377
<br />Other 187,691 45,827 118,026
<br />Depreciation 534,644 438,866 30,114
<br />Total operating expenses 1,291,952 1,076,451 148,140
<br />Operating income (loss) 401,629 138,502 24,757
<br />Nonoperating revenue
<br />Intergovernmental revenue 11,818
<br />Investment earnings 459,839 206,288 40,288
<br />Total nonoperating revenue 471,657 206,288 40,288
<br />Income before contributions and transfers 873,286 344,790 65,045
<br />Capital contributions 88,450 14,062
<br />Transfers out (30,000) (24,000) (12,000)
<br />Change in net assets 931,736 334,852 53,045
<br />Net assets
<br />Beginning of year 35,635,031 25,134,309 1,521,770
<br />End of year $ 36,566,767 $ 25,469,161 $ 1,574,815
<br />See notes to basic financial statements
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