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CITY OF ELK RIVER,MINNESOTA
<br /> STATEMENTS OF REVENUES,EXPENSES,AND CHANGES IN NET POSITION
<br /> PROPRIETARY FUNDS
<br /> FOR THE YEARS ENDED DECEMBER 31,2013 AND 2012
<br /> Municipal Liquor Garbage
<br /> Current Year Prior Year Current Year Prior Year
<br /> Sales and cost of sales:
<br /> Sales $ 6,753,521 $ 6,516,386 5 a
<br /> Cost of sales (4,705,979) (4,638,550)
<br /> Gross profit 2,047,542 1,877,836 -
<br /> Operating revenues:
<br /> User charges - 1,272,297 1,279,607
<br /> Delinquency collections - 10,034 11,540
<br /> Other 3,060 8,848 2,807 35,213
<br /> Total operating revenues 3,060 8,848 1,285,138 1,326,360
<br /> Operating expenses:
<br /> Personal services 628,933 607,500 19,811 54,678
<br /> Supplies 26,507 16,887 7,077 4,262
<br /> Purchased power
<br /> Other service charges 220,584 221,593 1,224,532 1,217,947
<br /> Depreciation 124,757 124,350
<br /> Total operating expenses 1,000,781 970,330 1,251,420 1,276,887
<br /> Operating income(loss) 1,049,821 916,354 33,718 49,473
<br /> Nonoperating revenues(expenses):
<br /> Interest income (87,003) 14,485 (25,161) 5,730
<br /> Miscellaneous revenue
<br /> Interest expense (13,425)
<br /> Gain(loss)on disposal of capital assets -
<br /> Capital asset transfer (69,800)
<br /> Total nonoperating revenues(expenses) (87,003) (68,740) 25,161 5,730
<br /> Income before contributions and transfers 962,818 847,614 8,557 55,203
<br /> Contributions-connection fees - -
<br /> Capital contributions -
<br /> Transfers in
<br /> Transfers out (672,289) (468,667) (11,755) (4,120)
<br /> Change in net position 290,529 378,947 (3,198) 51,083
<br /> Net position-beginning 4,486,806 4,107,859 618,673 567,590
<br /> Net position-ending $ 4,777,335 $ 4,486,806 $ 615,475 $ 618,673
<br /> The notes to the financial statements are an integral part of this statement.
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