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CITY OF MOUNDS VIEW, MINNESOTA
<br />Enterprise Funds 2023 Budgets
<br />Combining Statement of Revenues and Expenses
<br />Sanitary Street Storm
<br />Water Sewer Lighting Water 2023 2022
<br />Operating revenue:
<br />Operating revenues 1,381,084 2,013,740 105,112 402,000 3,901,936 3,763,913
<br />Special assessments 80,500 - - - 80,500 80,500
<br />Connection charges 2,000 - - - 2,000 2,000
<br />Total operating revenue 1,463,584 2,013,740 105,112 402,000 3,984,436 3,846,413
<br />Operating expenses:
<br />Personal services 532,219 477,407 13,391 179,352 1,202,369 1,129,459
<br />Supplies 79,787 34,922 1,000 25,800 141,509 133,904
<br />Contractual services 261,202 161,295 3,850 129,426 555,773 643,481
<br />Electricity & gas 136,500 2,500 82,500 - 221,500 221,100
<br />Disposal charges (MCES)- 1,150,734 - - 1,150,734 1,088,918
<br />Contingency 15,000 15,000 - - 30,000 30,000
<br />Depreciation 220,000 125,000 - 35,000 380,000 355,000
<br />Capital outlays 1,626,000 1,055,000 - 256,000 2,937,000 2,910,000
<br />Total operating expenses 2,870,708 3,021,858 100,741 625,578 6,618,885 6,511,862
<br />Net operating income (loss)(1,407,124) (1,008,118) 4,371 (223,578) (2,634,449) (2,665,449)
<br />Non-operating revenue (expenses):
<br />Investment income 2,000 20,000 1,400 16,000 39,400 39,400
<br />Principal payment on debt (350,000) - - - (350,000) (335,000)
<br />Interest expense (83,223) - - - (83,223) (71,971)
<br />Bond fees / discounts (2,950) - - - (2,950) (2,950)
<br />Total non-operating (434,173) 20,000 1,400 16,000 (396,773) (370,521)
<br />Transfers and other financing sources
<br />Transfers in 82,500 - - 37,500 120,000 35,000
<br />Transfers out (170,542) (142,542) (3,213) (44,351) (360,648) (348,008)
<br />Total transfers and other financing sourc (88,042) (142,542) (3,213) (6,851) (240,648) (313,008)
<br />Revenues over (under) expenditures (1,929,339) (1,130,660) 2,558 (214,429) (3,271,870) (3,348,978)
<br />Add back:
<br />Capital outlays 1,626,000 1,055,000 - 256,000 2,937,000 2,910,000
<br />Principal on debt 350,000 - - - 350,000 335,000
<br />Net income (loss)46,661 (75,660) 2,558 41,571 15,130 (103,978)
<br />Net assets (deficit), January 1 4,639,767 4,568,968 113,434 3,171,801 12,493,969 11,907,761
<br />Net assets (deficit), December 31 4,686,428$ 4,493,308$ 115,992$ 3,213,372$ 12,509,099$ 11,803,783$
<br />Total
<br />42
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