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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, 2017
<br />Business -Type Activities — Enterprise Funds
<br />Street Light
<br />Water Utility Sewer Utility Utility
<br />Operating revenue
<br />Charges for services $ 2,772,003 $ 1,779,213 $ 204,418
<br />Sewer access surcharge - 5,542 -
<br />Other - - -
<br />Total operating revenue 2,772,003 1,784,755 204,418
<br />Operating expenses
<br />Personal services 337,041 170,863
<br />Supplies 136,345 23,451
<br />Service charges
<br />Disposal charges - 755,600 -
<br />Other 240,876 86,168 118,824
<br />Depreciation 681,759 499,582 40,554
<br />Total operating expenses 1,396,021 1,535,664 159,378
<br />Operating income (loss) 1,375,982 249,091 45,040
<br />Nonoperating revenue
<br />Intergovernmental revenue - 27,207 -
<br />Investment earnings 281,730 171,916 16,019
<br />Total nnoperating revenue 281,730 199,123 16,019
<br />Income before contributions and transfers
<br />Capital contributions
<br />Transfers out
<br />Change in net position
<br />Net position
<br />Beginning of year
<br />1,657,712 448,214 61,059
<br />726,667 459,305 -
<br />(40,000) (34,000) (19,000)
<br />2,344,379 873,519 42,059
<br />44,910,172 28,803,181 1,760,306
<br />End of year $ 47,254,551 $ 29,676,700 $ 1,802,365
<br />See notes to basic financial statements
<br />56
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