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Nonoperating revenue <br />Intergovernmental revenue <br />Investment earnings <br />Total nonoperating revenue <br />Income before contributions and transfers <br />Capital contributions <br />Transfers out <br />Change in net assets <br />Net assets <br />Beginning of year <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, 2010 <br />Business -Type Activities - Enterprise Funds <br />Street Light <br />Water Utility Sewer Utility Utility <br />Operating revenue <br />Charges for services $ 1,632,168 $ 1,259,532 $ 179,272 <br />Sewer access surcharge - 2,077 <br />Other 1,293 - <br />Total operating revenue 1,633,461 1,261,609 179,272 <br />Operating expenses <br />Personal services 247,086 53,296 <br />Supplies 311,168 12,655 <br />Service charges <br />Disposal charges - 558,568 <br />Other 197,806 38,169 127,532 <br />Depreciation 539,661 438,866 30,837 <br />Total operating expenses 1,295,721 1,101,554 158,369 <br />Operating income (loss) 337,740 160,055 20,903 <br />306,955 244,914 41,462 <br />306,955 244,914 41,462 <br />644,695 404,969 62,365 <br />245,117 49,206 - <br />(36,810) (26,000) (12,500) <br />853,002 428,175 49,865 <br />36,566,767 25,469,161 1,574,815 <br />End of year $ 37,419,769 $ 25,897,336 $ 1,624,680 <br />