|
CITY OF RAMSEY
<br />Enterprise Funds
<br />Combining Statement of Revenue, Expenses, and Changes in Retained Earnings
<br />Year Ended December 31, 2003
<br />(with Comparative Totals for Year Ended December 31, 2002)
<br />Water Sewer Street
<br />Utility Utility Light
<br />Operating revenue
<br />Charges for services $ 804,368 $ 734,519 $ 96,002
<br />Sewer access surcharge - 6,289
<br />Other 74,956 4,051
<br />Total operating revenue 879,324 744,859 96,002
<br />Operating expenses
<br />Personal services 106,328 20,094
<br />Supplies 119,061 330
<br />Service charges
<br />Disposal charges 265,707 -
<br />Other 114,387 22,310 50,743
<br />Depreciation 303,523 232,287 16,852
<br />Total operating expenses 643,299 540,728 67,595
<br />Operating income 236,025 204,131 28,407
<br />Nonoperating revenue
<br />Capital contributions 1,939,641 1,051,998 95,100
<br />Investment earnings 116,619 63,683 7,832
<br />Total nonoperating revenue 2,056,260 1,115,681 102,932
<br />Income before operating transfers 2,292,285 1,319,812 131,339
<br />Operating transfers (out) (14,000) (9,000) (6,000)
<br />Net income 2,278,285 1,310,812 125,339
<br />Retained earnings
<br />Beginning of year 3,250,941 2,305,495 390,942
<br />End of year $ 5,529,226 $ 3,616,307 $ 516,281
<br />
|