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CITY OF RAMSEY
<br /> Statement of Revenue,Expenses,and Changes in Net Position
<br /> Proprietary Funds
<br /> Year Ended December 31,2015
<br /> Business-Type Activities-Enterprise Funds
<br /> Street Light
<br /> Water Utility Sewer Utility Utility
<br /> Operating revenue
<br /> Charges for services $ 2,045,225 $ 1,389,312 $ 190,872
<br /> Sewer access surcharge - 2,789 -
<br /> Other - - -
<br /> Total operating revenue 2,045,225 1,392,101 190,872
<br /> Operating expenses
<br /> Personal services 335,725 148,223 -
<br /> Supplies 121,469 19,294 -
<br /> Service charges
<br /> Disposal charges - 610,514 -
<br /> Other 197,824 52,639 137,425
<br /> Depreciation 623,186 460,839 41,241
<br /> Total operating expenses 1,278,204 1,291,509 178,666
<br /> Operating income(loss) 767,021 100,592 12,206
<br /> Nonoperating revenue
<br /> Intergovernmental revenue - - -
<br /> Investment earnings 210,623 138,674 15,752
<br /> Total nonoperating revenue 210,623 138,674 15,752
<br /> Income before contributions and transfers 977,644 239,266 27,958
<br /> Capital contributions 710,833 278,702 15,600
<br /> Transfers out (38,000) (32,000) (17,000)
<br /> Change in net position 1,650,477 485,968 26,558
<br /> Net position
<br /> Beginning of year,as restated 41,104,301 27,056,278 1,717,792
<br /> End of year $42,754,778 $27,542,246 $ 1,744,350
<br /> See notes to basic financial statements
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