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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, 2016
<br />Business -Type Activities - Enterprise Funds
<br />Street Light
<br />Water Utility Sewer Utility Utility
<br />Operating revenue
<br />Charges for services $ 1,953,478 $ 1,455,889 $ 196,253
<br />Sewer access surcharge - 2,361 -
<br />Other - - -
<br />Total operating revenue 1,953,478 1,458,250 196,253
<br />Operating expenses
<br />Personal services 372,772 169,256
<br />Supplies 148,232 16,155
<br />Service charges
<br />Disposal charges - 717,861 -
<br />Other 302,221 45,489 136,449
<br />Depreciation 665,845 489,380 40,283
<br />Total operating expenses 1,489,070 1,438,141 176,732
<br />Operating income (loss) 464,408
<br />20,109 19,521
<br />Nonoperating revenue
<br />Intergovernmental revenue - - -
<br />Investment earnings 179,334 116,355 10,535
<br />Total nonoperating revenue 179,334 116,355 10,535
<br />Income before contributions and transfers
<br />Capital contributions
<br />Transfers out
<br />Change in net position
<br />Net position
<br />Beginning of year, as previously reported
<br />Prior period adjustment
<br />Beginning of year, restated
<br />643,742 136,464 30,056
<br />1,161,025
<br />(194,233)
<br />654,818
<br />(151,033)
<br />3,900
<br />(18,000)
<br />1,610,534 640,249 15,956
<br />42,754,778
<br />544,860
<br />43,299,638
<br />27,542,246
<br />620,686
<br />28,162,932
<br />1,744,350
<br />1,744,350
<br />End of year $ 44,910,172 $ 28,803,181 $ 1,760,306
<br />See notes to basic financial statements
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