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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, 2025
<br />Business -Type Activities — Enterprise Funds
<br />Street Light
<br />Water Utility Sewer Utility Utility
<br />Operating revenue
<br />Charges for services $ 3,610,668 $ 2,553,638 $ 257,712
<br />Sewer access surcharge — 6,983 —
<br />Other — — —
<br />Total operating revenue 3,610,668 2,560,621 257,712
<br />Operating expenses
<br />Personal services 556,844 334,605
<br />Supplies 374,898 11,914
<br />Service charges
<br />Disposal charges — 1,277,649
<br />Other 354,683 95,247 185,475
<br />Depreciation 1,074,471 750,634 30,651
<br />Total operating expenses 2,360,896 2,470,049 216,126
<br />Operating income (loss) 1,249,772 90,572 41,586
<br />Nonoperating revenue
<br />Intergovernmental revenue
<br />Capital contributions to governmental activities
<br />Loss on disposal of assets
<br />Investment earnings
<br />Total nonoperating revenue
<br />Income (loss) 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 />(69,541) —
<br />1,480,054 576,107 67,188
<br />1,480,054 506,566 67,188
<br />2,729,826 597,138 108,774
<br />1,492,959 1,925,282
<br />393,391
<br />889,637 176,314
<br />81,172 16,718 6,437
<br />(59,000) (53,000) (31,000)
<br />5,527,985 2,662,452 84,211
<br />76,068,276 27,859,546 2,038,066
<br />$ 81,596,261 $ 30,521,998 $ 2,122,277
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