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CITY OF MOUNDS VIEW, MINNESOTA
<br />Enterprise Funds 2012 Budgets
<br />Combining Statement of Revenues and Expenses
<br />Sanitary Street Storm
<br />Water Sewer Lighting Water 2012 2011
<br />Operating revenue:
<br />Operating revenues 791,552 1,257,470 75,500 250,718 2,375,240 2,325,376
<br />Special assessments 50,000 - - - 50,000 50,000
<br />Connection charges - 300 - - 300 300
<br />Tower rental - - - - - -
<br />Other income - 4,000 - - 4,000 4,000
<br />Total operating revenue 841,552 1,261,770 75,500 250,718 2,429,540 2,379,676
<br />Operating expenses:
<br />Personal services 314,894 294,971 3,661 87,090 700,616 672,928
<br />Supplies 75,541 24,070 - 21,175 120,786 108,615
<br />Contractual services 165,639 95,289 3,900 47,155 311,983 443,929
<br />Electricity & gas 87,000 2,100 73,000 - 162,100 163,100
<br />Disposal charges - 760,913 - - 760,913 776,066
<br />Contingency 15,000 15,000 - - 30,000 30,000
<br />Depreciation 240,000 160,000 - 32,000 432,000 417,000
<br />Capital outlays 877,200 133,500 - 117,000 1,127,700 1,618,700
<br />Total operating expenses 1,775,274 1,485,843 80,561 304,420 3,646,098 4,230,338
<br />Net operating income (loss)(933,722) (224,073) (5,061) (53,702) (1,216,558) (1,850,662)
<br />Non-operating revenue (expenses):
<br />Investment income 31,250 45,000 2,000 22,000 100,250 115,250
<br />Principal payment on debt (215,000) - - - (215,000) (210,000)
<br />Interest expense (11,705) - - - (11,705) (18,825)
<br />Bond fees / discounts (1,975) - - - (1,975) (2,625)
<br />Total non-operating (197,430) 45,000 2,000 22,000 (128,430) (116,200)
<br />Transfers
<br />Transfers in 289,000 - - - 289,000 659,000
<br />Transfers out (223,410) (247,807) (2,320) (62,756) (536,293) (526,055)
<br />Revenues over (under) expenditures (1,065,562) (426,880) (5,381) (94,458) (1,592,281) (1,833,917)
<br />Add back:
<br />Capital outlays 877,200 133,500 - 117,000 1,127,700 1,618,700
<br />Principal on debt 215,000 - - - 215,000 210,000
<br />Net income (loss)26,638 (293,380) (5,381) 22,542 (249,581) (5,217)
<br />Net assets (deficit), January 1 4,542,758 5,622,469 151,365 2,914,977 13,231,568 12,746,992
<br />Net assets (deficit), December 31 4,569,396$ 5,329,089$ 145,984$ 2,937,519$ 12,981,987$ 12,741,775$
<br />Total
<br />1
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