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CITY OF MOUNDS VIEW, MINNESOTA
<br />Enterprise Funds 2022 Budgets
<br />Combining Statement of Revenues and Expenses
<br />Sanitary Street Storm Total
<br />Water Sewer Lighting Water 2022 2021
<br />Operating revenue:
<br />Operating revenues 1,320,128 1,936,673 105,112 402,000 3,763,913 3,416,540
<br />Special assessments 80,500 - - 80,500 69,500
<br />Connection charges 2,000 - - 2,000 2,000
<br />Total operating revenue 1,402,628 1,936,673 105,112 402,000 3,846,413 3,488,040
<br />Operating expenses:
<br />Personal services 498,062 454,674 12,343 166,367 1,131,446 1,008,449
<br />Supplies 78,042 33,462 1,000 21,400 133,904 126,876
<br />Contractual services 234,300 126,647 3,850 158,684 523,481 557,132
<br />Electricity & gas 136,500 2,100 82,500 - 221,100 217,100
<br />Disposal charges - 1,088,918 - 1,088,918 1,030,104
<br />Contingency 15,000 15,000 - 30,000 30,000
<br />Depreciation 220,000 100,000 35,000 355,000 375,000
<br />Capital outlays 2,305,000 530,000 - 75,000 2,910,000 3,829,104
<br />Total operating expenses 3,486,904 2,350,801 99,693 456,451 6,393,849 7,173,765
<br />Net operating income (loss)
<br />(2,084,276) (414,128) 5,419 (54,451) (2,547,436) (3,685,725)
<br />Non -operating revenue (expenses):
<br />Investment income 2,000 20,000 1,400 16,000 39,400 49,400
<br />Principal payment on debt (ESP Lease) - - (7,572)
<br />Interest on debt (ESP Lease) (335,000) - (335,000) (1,680)
<br />Interest expense (71,971) - (71,971)
<br />Bond fees / discounts (450) - - - (450)
<br />Total non -operating (405,421) 20,000 1,400 16,000 (368,021) 40,148
<br />Transfers and other financing sources
<br />Transfers in 35,000 - - 35,000 35,000
<br />Transfers out (157,905) (142,905) (3,119) (43,815) (347,744) (332,216)
<br />Bonds issued - - - - - 6,000,000
<br />Total transfers and other financing sour( (122,905) (142,905) (3,119) (43,815) (312,744) 5,702,784
<br />Revenues over (under) expenditures (2,612,602) (537,033) 3,700 (82,266) (3,228,201) 2,057,207
<br />Less:
<br />Bond proceeds - (6,000,000)
<br />Add back:
<br />Capital outlays 2,305,000 530,000 75,000 2,910,000 3,829,104
<br />Principal on debt 335,000 - - 335,000 7,572
<br />Net income (loss) 27,398 (7,033) 3,700 (7,266) 16,799 (106,117)
<br />Net assets (deficit), January 1 4,318,729 4,492,657 112,856 3,246,515 12,170,756 11,907,761
<br />Net assets (deficit), December 31 $ 4,346,127 $4,485,624 $ 116,556 $3,239,249 $12,187,555 $11,801,644
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