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CITY OF RAMSEY
<br />Statement of Revenue, Expenses, and Changes in Net Assets
<br />Proprietary Funds
<br />Year Ended December 31, 2011
<br />Business -Type Activities - Enterprise Funds
<br />Street Light
<br />Water Utility Sewer Utility Utility
<br />Operating revenue
<br />Charges for services $ 1,820,130 $ 1,235,925 $ 178,850
<br />Sewer access surcharge 846 -
<br />Other 1,256 - -
<br />Total operating revenue 1,821,386 1,236,771 178,850
<br />Operating expenses
<br />Personal services 287,427 82,478
<br />Supplies 218,388 19,570
<br />Service charges
<br />Disposal charges 565,185 -
<br />Other 242,301 42,040 131,930
<br />Depreciation 609,934 440,045 31,828
<br />Total operating expenses 1,358,050 1,149,318 163,758
<br />Nonoperating revenue
<br />Intergovernmental revenue
<br />Investment earnings
<br />Total nonoperating revenue
<br />See notes to basic fmancial statements
<br />54
<br />267,790
<br />267,790
<br />Operating income (loss) 463,336 87,453 15,092
<br />138,022 27,326
<br />138,022 27,326
<br />Income before contributions and transfers 731,126 225,475
<br />Capital contributions 83,349 5,000
<br />Transfers out (1,033,000) (27,000)
<br />Change in net assets (218,525) 203,475
<br />Net assets
<br />Beginning of year 37,419,769 25,897,336 1,624,680
<br />42,418
<br />(13,000)
<br />29,418
<br />End of year $ 37,201,244 $ 26,100,811 $ 1,654,098
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