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Note 15. ENTERPRISE FUND INFORMATION
<br />CITY OF RAMSEY, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 1995
<br />The City maintains Water Utility, Sewer Utility, Street Light, and Recycling Utility Enterprise Funds. A
<br />schedule of changes in contributed capital during 1995 is as follows:
<br />Segment information pertinent to the enterprise funds is reflected below:
<br />Water Sewer Street
<br />Utility Utility Light Total
<br />Contributed capital, January 1, 1995 $4,862,742 $4,570,255 $45,693 $9,478,690
<br />Add current capital contributions 1,910,532 2,273,235 35,175 4,218,942
<br />Contributed Capital, December 31, 1995 $6,773,274 $6,843,490 $80,868 $13,697,632
<br />Water Sewer Street Recycling
<br />Utility Utility Light Utility Total
<br />Operating Revenue $ 163,303 $ 199,864 $ 29,254 $ 99,685 $ 492,106
<br />Depreciation Expense $ 109,273 $ 129,648 $ 5,618 $ $ 244,539
<br />Operating Income (Loss) $ (43,089) $ (71,816) $ 13,586 $ 19,590 $ (81,729)
<br />Operating Transfers (Out) $ (5,000) $ (2,000) $ (500) $ $ (7,500)
<br />Net Income (Loss) $ 64,756 $ (38,372) $ 16,535 $ 19,590 $ 62,509
<br />Property, Plant, and
<br />Equipment Additions $ 1,044,963 $ 2,030,455 $ 66,682 $ $ 3,142,100
<br />Property, Plant, and
<br />Equipment Deletions $ 10,091 $ - $ - $ - $ 10,091
<br />Net Working Capital $ 2,384,914 $ 785,760 $ 28,395 $ 19,590 $ 3,218,659
<br />Total Assets $ 6,890,223 $ 6,709,330 $ 148,860 $ 26,905 $ 13,775,318
<br />Total Equity $ 6,881,743 $ 6,628,631 $ 130,335 $ 19,590 $ 13,660,299
<br />Note 16. FUND CHANGES
<br />The following fund was created during the fiscal year ended December 31, 1995:
<br />Enterprise Funds
<br />Recycling Fund
<br />The following funds were combined during the fiscal year ended December 31, 1995:
<br />Special Revenue Funds
<br />Tree and Sod Escrow Fund
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