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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, 2018
<br />Operating revenue
<br />Charges for services
<br />Sewer access surcharge
<br />Other
<br />Total operating revenue
<br />Business -Type Activities — Enterprise Funds
<br />Street Light
<br />Water Utility Sewer Utility Utility
<br />$ 3,484,687
<br />3,484,687
<br />$ 2,174,321
<br />8,623
<br />$ 211,360
<br />2,182,944 211,360
<br />Operating expenses
<br />Personal services 348,526 174,608
<br />Supplies 175,430 11,834
<br />Service charges
<br />Disposal charges — 757,215
<br />Other 360,334 56,873 120,827
<br />Depreciation 706,447 523,140 40,125
<br />Total operating expenses 1,590,737 1,523,670 160,952
<br />Operating income (loss)
<br />1,893,950 659,274 50,408
<br />Nonoperating revenue
<br />Intergovernmental revenue — 336 —
<br />Investment earnings 382,157 214,313 20,579
<br />Total nonoperating revenue 382,157 214,649 20,579
<br />Income before contributions and transfers
<br />Capital contributions
<br />Transfers out
<br />Change in net position
<br />2,276,107 873,923 70,987
<br />343,020 307,435
<br />(41,000) (35,000) (20,000)
<br />2,578,127 1,146,358 50,987
<br />Net position
<br />Beginning of year 47,254,551
<br />29,676,700 1,802,365
<br />End of year $ 49,832,678 $ 30,823,058 $ 1,853,352
<br />See notes to basic financial statements
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