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CITY OF LITTLE CANADA, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION
<br />PROPRIETARY FUNDS
<br />YEAR ENDED DECEMBER 31, 2018
<br />WITH COMPARATIVE TOTALS FOR YEAR ENDED DECEMBER 31, 2017
<br />
<br />
<br />
<br />See accompanying Notes to Basic Financial Statements.
<br />(34)
<br />
<br />Water Sewer 2018 2017
<br />(601) (602/603) Totals Totals
<br />OPERATING REVENUE
<br />General Customers 1,562,366$ 1,428,823$ 2,991,189$ 2,926,717$
<br />Other 150 - 150 500
<br />Meter Sales 3,481 - 3,481 12,918
<br />Total Operating Revenue 1,565,997 1,428,823 2,994,820 2,940,135
<br />OPERATING EXPENSES
<br />Personnel Services 316,077 323,021 639,098 695,626
<br />MCES - Sewer Service Charge - 856,644 856,644 824,799
<br />Purchased Water 891,518 - 891,518 922,471
<br />Supplies, Services, and Other Charges 116,062 125,350 241,412 210,557
<br />Depreciation 250,636 175,398 426,034 412,851
<br />Total Operating Expenses 1,574,293 1,480,413 3,054,706 3,066,304
<br />OPERATING LOSS (8,296) (51,590) (59,886) (126,169)
<br />NONOPERATING REVENUE
<br />Investment Earnings 8,611 13,129 21,740 27,547
<br />Rental of City Property 75,726 - 75,726 72,814
<br />Miscellaneous Revenue 4,720 4,336 9,056 6,863
<br />Total Nonoperating Revenue 89,057 17,465 106,522 107,224
<br />INCOME (LOSS) BEFORE TRANSFERS
<br /> AND CAPITAL CONTRIBUTIONS 80,761 (34,125) 46,636 (18,945)
<br />Transfers Out (200,000) (100,000) (300,000) (300,000)
<br />Capital Contributions 24,430 16,310 40,740 284,231
<br />CHANGES IN NET POSITION (94,809) (117,815) (212,624) (34,714)
<br />NET POSITION
<br />Beginning of Year 5,461,711 4,582,476 10,044,187 10,078,901
<br />End of Year 5,366,902$ 4,464,661$ 9,831,563$ 10,044,187$
<br />Business-Type Activities
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