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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, 2019
<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 />$ 2,138,209 $ 1,664,170 $ 217,169
<br />7,902 -
<br />2,138,209 1,672,072
<br />Operating expenses
<br />Personal services 365,837 185,607
<br />Supplies 159,967 30,878
<br />Service charges
<br />Disposal charges - 780,705
<br />Other 227,495 102,654
<br />Depreciation 727,864 528,995
<br />Total operating expenses 1,481,163 1,628,839
<br />Operating income (loss) 657,046 43,233
<br />Nonoperating revenue (expense)
<br />Intergovernmental revenue 478 273
<br />Connection fees 839,858 216,093
<br />Capital contributions to governmental funds - -
<br />Loss on disposal of assets (2,421) (2,421)
<br />Investment earnings 851,294 477,797
<br />Total nonoperating revenue (expense) 1,689,209 691,742
<br />217,169
<br />131,611
<br />40,008
<br />171,619
<br />45,550
<br />44,339
<br />44,339
<br />Income (loss) before contributions and transfers 2,346,255 734,975 89,889
<br />Capital contributions 777,313 465,791
<br />Transfers in - -
<br />Transfers out (43,000) (37,000) (21,000)
<br />Change in net position
<br />Net position
<br />Beginning of year
<br />3,080,568 1,163,766 68,889
<br />49,832,678 30,823,058 1,853,352
<br />End of year $ 52,913,246 $ 31,986,824 $ 1,922,241
<br />See notes to basic financial statements
<br />54
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