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CITY OF RAMSEY
<br /> Statement of Revenue,Expenses,and Changes in Net Position
<br /> Proprietary Funds
<br /> Year Ended December 31,2021
<br /> Business-Type Activities—Enterprise Funds
<br /> Street Light
<br /> Water Utility Sewer Utility Utility
<br /> Operating revenue
<br /> Charges for services $ 3,057,474 $ 1,799,725 $ 222,364
<br /> Sewer access surcharge — 5,889 —
<br /> Other — — —
<br /> Total operating revenue 3,057,474 1,805,614 222,364
<br /> Operating expenses
<br /> Personal services 386,666 191,334 —
<br /> Supplies 253,241 28,138 —
<br /> Service charges
<br /> Disposal charges — 845,201 —
<br /> Other 353,342 96,468 142,792
<br /> Depreciation 779,109 581,239 35,784
<br /> Total operating expenses 1,772,358 1,742,380 178,576
<br /> Operating income(loss) 1,285,116 63,234 43,788
<br /> Nonoperating revenue(expense)
<br /> Intergovernmental revenue 10,054 260 —
<br /> Capital contributions to governmental funds — — —
<br /> Investment earnings(charges) (131,858) (65,897) (6,322)
<br /> Total nonoperating revenue(expense) (121,804) (65,637) (6,322)
<br /> Income(loss)before contributions and transfers 1,163,312 (2,403) 37,466
<br /> Capital contributions-developer contributions 892,511 869,905 —
<br /> Capital contributions-governmental funds 160,180 111,795 —
<br /> Capital contributions-connection fees 913,082 423,965 —
<br /> Transfers in 61,853
<br /> Transfers(out) (207,180) (152,795) (23,000)
<br /> Change in net position 2,983,758 1,250,467 14,466
<br /> Net position
<br /> Beginning of year 52,736,670 30,186,399 1,738,463
<br /> End of year $55,720,428 $31,436,866 $ 1,752,929
<br /> See notes to basic financial statements
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