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CITY OF MOUNDS VIEW, MINNESOTA ,
<br /> WAIEit ENTERPRISE FUND
<br /> PROJECTED STATEMENT OF REVENUE,EXPENSES AND
<br /> CHANGES IN RETAINED EARNINGS F ;F
<br /> r.
<br /> For the years ending December 31, 1990,1991,1992,1993 and 1 s(j� ;
<br /> ... . - 10
<br /> !nte`p.nu, i-;
<br /> Not .Author:7.,- . aSe i
<br /> Increase(decrease)
<br /> 1990 1991 Amount Percent
<br /> Operating revenue:
<br /> Charges for services:
<br /> User fees $402,000 $426,612 $24,612 6.12%
<br /> Customer service 100 350 250 250.00%
<br /> Connection charges 500 500
<br /> Penalties and late charges 6,120 5,973 . ..(147) (2.40%)
<br /> Permits 200 300 100 50.00%
<br /> Other revenue 4,000 1.000 (3.000) (75.00%)
<br /> Total operating revenue 412,420 434,735 22.315 5.41%
<br /> Operating expenses:
<br /> Disposal charges
<br /> Personal services 145,000 152,250 7,250 5.00%
<br /> Administrative charges- General Fund 43,008 45,158 2,150 5.00%
<br /> Supplies 30,000 32,100 2,100 7.00%
<br /> Contractual services-repair and maintenance 28,000 82,000 54,000 192.86%
<br /> Contractual services-other 107,000 84,000 (23,000) (21.50%)
<br /> Other charges
<br /> Depreciation:
<br /> On assets acquired with own funds 29,875 56,860 26,985 90.33% •
<br /> On assets acquired from contributions 99,941 99,941
<br /> Total operating expense 482,824 552.309 69.485 14.39%
<br /> Net income(loss)from operations (70,404) (117.574) (47.170) 67.00%
<br /> Other income(expense):
<br /> Interest on investments 112,349 118,096 5,747 5.12%
<br /> Gain on sale of assets 5,000 5,250 250 .5.00%
<br /> Interest expense (83,650) (83,650)
<br /> Paying agent charges (200) (200)
<br /> Net other income(expense) 117,349 39.496 (77,853) (66.34%)
<br /> Net income (loss) 46,945 (78,078) ($125.023) (266.32%)
<br /> Credit arising from transfer of depreciation on
<br /> contributed capital 99,941 99,941
<br /> Retained earnings -January 1 2.054.340 2.201 226
<br /> Retained earnings -December 31 S2.201.226 S2.223.089
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