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Street Light
<br />Water Utility Sewer Utility Utility
<br />Operating revenue
<br />Charges for services 3,574,961$ 1,986,513$ 234,607$
<br />Sewer access surcharge – 7,952 –
<br />Other – – –
<br />Total operating revenue 3,574,961 1,994,465 234,607
<br />Operating expenses
<br />Personal services 483,708 270,498 –
<br />Supplies 367,112 26,412 –
<br />Service charges
<br />Disposal charges – 1,138,899 –
<br />Other 361,729 95,989 142,299
<br />Depreciation 849,765 678,004 31,625
<br />Total operating expenses 2,062,314 2,209,802 173,924
<br />Operating income (loss)1,512,647 (215,337) 60,683
<br />Nonoperating revenue
<br />Intergovernmental revenue 30 39,613 – Capital contributions to governmental funds – – –
<br />Investment earnings 2,072,701 850,112 64,707
<br />Total nonoperating revenue 2,072,731 889,725 64,707
<br />Income before contributions and transfers 3,585,378 674,388 125,390
<br />Capital contributions - developer contributions 869,797 1,035,124 –
<br />Capital contributions - connection fees 1,060,692 137,777 –
<br />Transfers in 76,550 12,026 –
<br />Transfers (out)(51,000) (45,000) (27,000)
<br />Change in net position 5,541,417 1,814,315 98,390
<br />Net position
<br />Beginning of year 55,298,323 31,521,187 1,774,396
<br />End of year 60,839,740$ 33,335,502$ 1,872,786$
<br />See notes to basic financial statements
<br />Business-Type Activities – Enterprise Funds
<br /> CITY OF RAMSEY
<br /> Statement of Revenue, Expenses, and Changes in Net Position
<br />Proprietary Funds
<br /> Year Ended December 31, 2023
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