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CITY OF MOUNDS VIEW, MINNESOTA
<br /> WATER ENTERPRISE FUND
<br /> PROJECTED STATEMENT OF REVENUE,EXPENSES AND •
<br /> CHANGES IN RETAINED EARNINGS
<br /> For the years ending December 31, 1990,1991,1992,1993 and 1994
<br /> Internal i. !- •
<br /> Not Author'
<br /> '1s
<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 /> •
<br /> Depreciation:
<br /> On assets acquired with own funds 29,875 55,160 25,285 84.64%
<br /> On assets acquired from contributions 99,941 99,941
<br /> Total operating expense 482.824 550.609 67,785 14.04%
<br /> Net income(loss)from operations (70.404) (115,874) (45,470) 64.58%
<br /> Other income(expense):
<br /> Interest on investments 112,349 118,337 5,988 5.33%
<br /> Gain on sale of assets 5,000 5,250 250 5.00%
<br /> Interest expense (77,000) (77,000)
<br /> Paying agent charges (200) (2001
<br /> Net other income(expense) 117,349 46.387 (70.962) (60.47%)
<br /> Net income(loss) 46,945 (69,487) (3116.432) (248.02%)
<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 32.201.226 32.231.680
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