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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, 2024 <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 />Operating income (loss) <br />Nonoperating revenue <br />Intergovernmental revenue <br />Investment earnings <br />Total nonoperating revenue <br />Income before contributions and transfers <br />Capital contributions - developer contributions <br />Capital contributions - capital grants <br />Capital contributions - connection fees <br />Transfers in <br />Transfers (out) <br />Change in net position <br />Net position <br />Beginning of year <br />End of year <br />See notes to basic financial statements <br />Business -Type Activities — Enterprise Funds <br />Water Utility <br />Street Light <br />Sewer Utility Utility <br />$ 3,168,402 $ 2,415,244 $ 242,950 <br />10,662 <br />3,168,402 <br />533,031 <br />281,591 <br />383,487 <br />1,045,627 <br />2,243,736 <br />924,666 <br />8,078 <br />1,093,620 <br />1,101,698 <br />2,026,364 <br />563,256 <br />3,697,697 <br />1,571,669 <br />7,424,550 <br />(55,000) <br />15,228,536 <br />2,425,906 <br />289,191 <br />25,490 <br />1,260,237 <br />138,131 <br />698,160 <br />2,411,209 <br />14,697 <br />4,616 <br />629,005 <br />633,621 <br />648,318 <br />272,930 <br />618,770 <br />33,026 <br />(7,049,000) <br />(5,475,956) <br />60,839,740 33,335,502 <br />242,950 <br />136,388 <br />30,735 <br />167,123 <br />75,827 <br />69,561 <br />69,561 <br />145,388 <br />48,892 <br />(29,000) <br />165,280 <br />1,872,786 <br />$ 76,068,276 $ 27,859,546 $ 2,038,066 <br />54 <br />