|
CITY OF LITTLE CANADA, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION
<br />PROPRIETARY FUNDS
<br />YEAR ENDED DECEMBER 31, 2017
<br />WITH COMPARATIVE TOTALS FOR YEAR ENDED DECEMBER 31, 2016
<br />
<br />
<br />
<br />See accompanying Notes to Basic Financial Statements.
<br />(36)
<br />
<br />Water Sewer 2017 2016
<br />(601)(602/603)Totals Totals
<br />OPERATING REVENUE
<br />General Customers 1,518,560$ 1,408,157$ 2,926,717$ 2,789,985$
<br />Other 500 - 500 690
<br />Meter Sales 12,918 - 12,918 15,246
<br />Total Operating Revenue 1,531,978 1,408,157 2,940,135 2,805,921
<br />OPERATING EXPENSES
<br />Personnel Services 342,567 353,059 695,626 581,434
<br />MCES - Sewer Service Charge- 824,799 824,799 777,177
<br />Purchased Water 922,471 - 922,471 878,088
<br />Supplies, Services, and Other Charges 117,951 92,606 210,557 261,835
<br />Depreciation 248,931 163,920 412,851 404,279
<br />Total Operating Expenses 1,631,920 1,434,384 3,066,304 2,902,813
<br />OPERATING INCOME (LOSS)(99,942) (26,227) (126,169) (96,892)
<br />NONOPERATING REVENUE
<br />Investment Earnings 10,873 16,674 27,547 24,237
<br />Rental of City Property 72,814 - 72,814 70,013
<br />Miscellaneous Revenue 1,977 4,886 6,863 7,815
<br />Total Nonoperating Revenue 85,664 21,560 107,224 102,065
<br />INCOME (LOSS) BEFORE TRANSFERS
<br /> AND CAPITAL CONTRIBUTIONS (14,278) (4,667) (18,945) 5,173
<br />Transfers Out (200,000) (100,000) (300,000) (300,000)
<br />Capital Contributions 132,450 151,781 284,231 38,700
<br />CHANGES IN NET POSITION (81,828) 47,114 (34,714) (256,127)
<br />NET POSITION
<br />Beginning of Year 5,543,539 4,535,362 10,078,901 10,335,028
<br />End of Year 5,461,711$ 4,582,476$ 10,044,187$ 10,078,901$
<br />Business-Type Activities
<br />
|