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CITY OF LITTLE CANADA, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENSES AND
<br />CHANGES IN FUND NET POSITION
<br />PROPRIETARY FUNDS
<br />December 31, 2019
<br />With Comparative Data as of December 31, 2018
<br />Water Sewer
<br />(601)(602)2019 2018
<br />Operating revenues:
<br /> Charges for services - user fees 1,540,035$ 1,461,517$ 3,001,552$ 2,991,189$
<br /> Water meter sales 6,873 - 6,873 3,481
<br /> Other 170 - 170 150
<br />Total operating revenues 1,547,078 1,461,517 3,008,595 2,994,820
<br />Operating expenses:
<br />Personal services 284,049 290,051 574,100 639,098
<br />MCES - sewer service charge - 789,424 789,424 856,644
<br />Purchased water 912,815 - 912,815 891,518
<br />Supplies, services, and other charges 117,074 106,549 223,623 241,412
<br /> Depreciation 252,268 133,368 385,636 426,034
<br />Total operating expenses 1,566,206 1,319,392 2,885,598 3,054,706
<br />Operating income (loss)(19,128) 142,125 122,997 (59,886)
<br />Nonoperating revenues (expenses):
<br />Investment earnings 23,801 31,238 55,039 21,740
<br />Rental of City Property 78,755 - 78,755 75,726
<br />Miscellaneous revenue 1,759 688 2,447 9,056
<br />Total nonoperating revenues (expenses)104,315 31,926 136,241 106,522
<br />Income (loss) before
<br /> contributions and transfers 85,187 174,051 259,238 46,636
<br />Capital contributions 32,037 456,650 488,687 40,740
<br />Transfer to Capital Project Fund (200,000) (100,000) (300,000) (300,000)
<br /> Total transfers (200,000) (100,000) (300,000) (300,000)
<br />Change in net position (82,776) 530,701 447,925 (212,624)
<br />Net position - January 1 5,366,902 4,464,661 9,831,563 10,044,187
<br />Net position - December 31 5,284,126$ 4,995,362$ 10,279,488$ 9,831,563$
<br />Business-Type Activities Totals
<br />The accompanying notes are an integral part of these basic financial statements.
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