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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, 2020
<br />Business -Type Activities - Enterprise Funds
<br />Street Light
<br />Water Utility Sewer Utility Utility
<br />Operating revenue
<br />Charges for services $ 2,541,651 $ 1,709,747 $ 216,545
<br />Sewer access surcharge - 4,722 -
<br />Other
<br />Total operating revenue 2,541,651 1,714,469 216,545
<br />Operating expenses
<br />Personal services 364,210 209,340 124
<br />Supplies 192,238 37,346
<br />Service charges
<br />Disposal charges - 853,599
<br />Other 345,248 68,039 131,902
<br />Depreciation 755,660 554,914 37,437
<br />Total operating expenses 1,657,356 1,723,238 169,463
<br />Operating income (loss) 884,295 (8,769) 47,082
<br />Nonoperating revenue (expense)
<br />Intergovernmental revenue 10,637 364
<br />Capital contributions to governmental funds
<br />Investment earnings 820,217 439,183 41,140
<br />Total nonoperating revenue (expense) 830,854 439,547 41,140
<br />Income (loss) before contributions and transfers 1,715,149 430,778 88,222
<br />Capital contributions - developer contributions 435,723 403,642
<br />Capital contributions - connection fees 391,699 140,155
<br />Transfers in 61,853 -
<br />Transfers (out) (2,781,000) (2,775,000) (272,000)
<br />Change in net position (176,576) (1,800,425) (183,778)
<br />Net position
<br />Beginning of year 52,913,246 31,986,824 1,922,241
<br />End of year $ 52,736,670 $ 30,186,399 $ 1,738,463
<br />See notes to basic financial statements
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