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Sales and Cost of Sales
<br />Sales
<br />Cost of sales
<br />Gross profit
<br />Operating Revenues
<br />User charges
<br />Delinquent collections
<br />Other
<br />Total operating revenues
<br />Operating Expenses
<br />Personnel services
<br />Materials and supplies
<br />Purchased power
<br />Other services and charges
<br />Depreciation/amortization
<br />Total operating expenses
<br />Operating income (loss)
<br />Nonoperating Revenues (Expenses)
<br />City of Elk River
<br />Statement of Revenues, Expenses, and Changes
<br />in Net Position - Proprietary Funds
<br />Year Ended December 31, 2022
<br />Business -Type Activities - Enterprise Funds
<br />Municipal
<br />Liquor Sewer Garbage Storm Water
<br />$ 8,527,044 $ - $ - $ -
<br />(6,191,510) - - -
<br />2,335,534 - - -
<br />- 2,441,729 1,886,972 608,796
<br />- 1,496 2,275 305
<br />4,370 190,507 - -
<br />4,370 2,633,732 1,889,247 609,101
<br />1,088,167 816,750 46,635 -
<br />23,430 298,554 11,333 2,074
<br />387,761 895,045 1,612,486 182,844
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<br />746,731 (1,018,061) 218,793 (54,319)
<br />Investment income (489,851) (999,746) (75,952) (191,635)
<br />Gain (loss) on sale of asset - - - -
<br />Interest and other charges (344) (107,372) - -
<br />Miscellaneous revenue - - - -
<br />Total nonoperating revenues (490,195) (1,107,118) (75,952) (191,635)
<br />Income (loss) before capital
<br />contributions and transfers 256,536 (2,125,179) 142,841 (245,954)
<br />Capital Contributions
<br />Contributions from Governmental - 859,604 - -
<br />Contributions from Developers - 698,498 - 872,439
<br />Contributions from Customers - 1,142,230 - -
<br />Connection Fees - 1,789,641 - -
<br />Transfers out (1,000,000) (165,000) (54,000) (135,000)
<br />Change in net position (743,464) 2,199,794 88,841 491,485
<br />Net Position
<br />Beginning of year 6,457,055 30,288,012 531,665 10,749,608
<br />End of year $ 5,713,591 $ 32,487,806 $ 620,506 $ 11,241,093
<br />See Accompanying Notes to Basic Financial Statements. 48
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