|
CITY OF ELK RIVER
<br />STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION
<br />PROPRIETARY FUNDS
<br />YEAR ENDED DECEMBER 31, 2016
<br />See accompanying Notes to Basic Financial Statements.
<br />(30)
<br />Municipal
<br />Liquor
<br />Sewer
<br />Garbage
<br />Storm Water
<br />Electric
<br />SALES AND COST OF SALES
<br />Sales
<br />$ 7,007,627
<br />$ $
<br />$
<br />$
<br />Cost of Sales
<br />(4,997,934)
<br />Gross Profit
<br />2,009,693
<br />OPERATING REVENUE
<br />User Charges
<br />$ -
<br />1,917,991
<br />1,332,910
<br />475,046
<br />$ 34,746,670
<br />Delinquent Collections
<br />-
<br />1,474
<br />8,517
<br />2,331
<br />253,137
<br />Other
<br />1,947
<br />1,725
<br />1,473
<br />-
<br />(535,411)
<br />Total Operating Revenue
<br />1,947
<br />1,921,190
<br />1,342,900
<br />477,377
<br />34,464,396
<br />OPERATING EXPENSES
<br />Personnel Services
<br />670,303
<br />581,334
<br />18,356
<br />85,917
<br />2,853,048
<br />Supplies
<br />21,161
<br />114,855
<br />2,046
<br />6,193
<br />110,343
<br />Purchased Power
<br />-
<br />-
<br />-
<br />-
<br />23,991,069
<br />Other Service Charges
<br />253,424
<br />532,855
<br />1,454,625
<br />102,017
<br />2,867,046
<br />Depreciation
<br />121,100
<br />983,689
<br />-
<br />447,535
<br />2,005,093
<br />Total Operating Expenses
<br />1,065,988
<br />2,212,733
<br />1,475,027
<br />641,662
<br />31,826,599
<br />OPERATING INCOME (LOSS)
<br />945,652
<br />(291,543)
<br />(132,127)
<br />(164,285)
<br />2,637,797
<br />NONOPERATING REVENUE (EXPENSES)
<br />100� -N
<br />Connection and Other Fees
<br />-'587' 300
<br />-
<br />-
<br />Investment Earnings
<br />287-
<br />48,005
<br />3,836
<br />90,804
<br />Interest Expense
<br />-
<br />-
<br />-
<br />(198,194)
<br />Gain (Loss) on Disposal of Capital Asset
<br />-
<br />(260,406)
<br />(3,934)
<br />(80,126)
<br />Miscellaneous Revenue
<br />_
<br />102,993
<br />-
<br />281,702
<br />Bond Issuance Costs
<br />-
<br />-
<br />-
<br />0.00
<br />(85,195)
<br />Total Nonoperating Revenue (Expenses) 287
<br />477,892
<br />3,836
<br />(3,934)
<br />8,991
<br />INCOME (LOSS) BEFORE CONTRIBUTIONS
<br />AND TRANSFERS
<br />945,939
<br />186,349
<br />(128,291)
<br />(168,219)
<br />2,646,788
<br />Capital Grants and Contributions
<br />-
<br />636,152
<br />-
<br />Capital Contributions from Other Funds
<br />(99,553)
<br />Transfers In
<br />27,716
<br />Transfers Out
<br />(704,567)
<br />(119,255) (45,000)
<br />(61,744)
<br />(1,089,287)
<br />Total Contributions and Trasnfers
<br />(704,567)
<br />516,897
<br />(17,284)
<br />(161,297)
<br />(1,089,287)
<br />CHANGE IN NET POSITION BEFORE SPECIAL ITEM
<br />241,372
<br />703,246
<br />(145,575)
<br />(329,516)
<br />1,557,501
<br />Special Item
<br />-
<br />-
<br />330,923
<br />CHANGE IN NET POSITION
<br />241,372
<br />703,246
<br />(145,575)
<br />(329,516)
<br />1,888,424
<br />NET POSITION
<br />Beginning of Year
<br />5,142,459
<br />29,285,357
<br />537,038
<br />11,065,901
<br />32,635,676
<br />End of Year
<br />$ 5,383,831
<br />$ 29,988,603 $
<br />391,463
<br />$ 10,736,385
<br />$ 34,524,100
<br />See accompanying Notes to Basic Financial Statements.
<br />(30)
<br />
|