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CITY OF MOUNDS VIEW, MINNESOTA
<br />Enterprise Funds 2020 Budgets
<br />Combining Statement of Revenues and Expenses
<br />Sanitary Street Storm
<br />Water Sewer Lighting Water 2020 2019
<br />Operating revenue:
<br />Operating revenues 1,203,805 1,797,923 105,112 309,700 3,416,540 3,210,180
<br />Special assessments 69,500 - - - 69,500 65,000
<br />Connection charges 2,000 - - - 2,000 2,000
<br />Total operating revenue 1,275,305 1,797,923 105,112 309,700 3,488,040 3,277,180
<br />Operating expenses:
<br />Personal services 448,387 402,309 11,457 146,296 1,008,449 899,008
<br />Supplies 76,899 28,302 1,000 20,675 126,876 130,926
<br />Contractual services 242,471 109,127 3,850 201,684 557,132 543,026
<br />Electricity & gas 136,500 2,100 78,500 - 217,100 206,600
<br />Disposal charges - 1,030,104 - - 1,030,104 997,993
<br />Contingency 15,000 15,000 - - 30,000 30,000
<br />Depreciation 240,000 100,000 - 35,000 375,000 368,000
<br />Capital outlays 3,394,104 330,000 - 105,000 3,829,104 909,000
<br />Total operating expenses 4,553,361 2,016,942 94,807 508,655 7,173,765 4,084,553
<br />Net operating income (loss)(3,278,056) (219,019) 10,305 (198,955) (3,685,725) (807,373)
<br />Non-operating revenue (expenses):
<br />Investment income 5,000 24,000 1,400 19,000 49,400 39,400
<br />Principal payment on debt (ESP Lease)- - (7,572) - (7,572) (7,349)
<br />Interest on debt (ESP Lease)- - (1,680) - (1,680) (1,902)
<br />Total non-operating 5,000 24,000 (7,852) 19,000 40,148 30,149
<br />Transfers and other financing sources
<br />Transfers in 35,000 - - - 35,000 100,000
<br />Transfers out (149,859) (137,859) (2,940) (41,558) (332,216) (322,055)
<br />Bonds issued 6,000,000 - - - 6,000,000 -
<br />Total transfers and other financing sourc 5,885,141 (137,859) (2,940) (41,558) 5,702,784 (222,055)
<br />Revenues over (under) expenditures 2,612,085 (332,878) (487) (221,513) 2,057,207 (999,279)
<br />Less:
<br />Bond proceeds (6,000,000) - - - (6,000,000) -
<br />Add back:
<br />Capital outlays 3,394,104 330,000 - 105,000 3,829,104 909,000
<br />Principal on debt - - 7,572 - 7,572 7,349
<br />Net income (loss)6,189 (2,878) 7,085 (116,513) (106,117) (82,930)
<br />Net assets (deficit), January 1 4,109,245 3,937,371 103,152 3,109,445 11,259,212 11,157,537
<br />Net assets (deficit), December 31 4,115,434$ 3,934,493$ 110,237$ 2,992,932$ 11,153,095$ 11,074,607$
<br />Total
<br />7
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