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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, 2022 <br />Operating revenue <br />Charges for services <br />Sewer access surcharge <br />Other <br />Total operating revenue <br />Operating expenses <br />Personal services <br />Supplies <br />Service charges <br />Disposal charges <br />Other <br />Depreciation <br />Total operating expenses <br />Business -Type Activities — Enterprise Funds <br />Street Light <br />Water Utility Sewer Utility Utility <br />$ 2,962,563 $ 1,870,397 $ 230,392 <br />6,560 <br />2,962,563 <br />447,835 <br />236,211 <br />386,764 <br />824,966 <br />1,895,776 <br />Operating income (loss) 1,066,787 <br />Nonoperating revenue (expense) <br />Intergovernmental revenue <br />Capital contributions to governmental funds <br />Investment earnings (charges) <br />Total nonoperating revenue (expense) <br />1,465 <br />(3,561,789) <br />(3,560,324) <br />Income (loss) before contributions and transfers (2,493,537) <br />Capital contributions - developer contributions <br />Capital contributions - connection fees <br />Transfers in <br />Transfers (out) <br />1,216,906 <br />841,673 <br />61,853 <br />(49,000) <br />1,876,957 230,392 <br />210,116 <br />20,726 <br />989,491 <br />96,964 <br />630,059 <br />139,879 <br />32,886 <br />1,947,356 172,765 <br />(70,399) 57,627 <br />837 <br />(1,331,238) (11,160) <br />(1,330,401) (11,160) <br />(1,400,800) 46,467 <br />1,223,241 <br />304,880 <br />(43,000) (25,000) <br />Change in net position (422,105) 84,321 21,467 <br />Net position <br />Beginning of year 55,720,428 31,436,866 1,752,929 <br />End of year $ 55,298,323 $ 31,521,187 $ 1,774,396 <br />See notes to basic financial statements <br />54 <br />