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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 503,439 464,456 14,487 177,992 1,160,374 1,129,459
<br />Supplies 80,052 34,922 1,000 25,914 141,888 133,904
<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 1,707,500 1,055,000 - 262,500 3,025,000 2,910,000
<br />Total operating expenses 2,923,693 3,008,907 101,837 630,832 6,665,269 6,511,862
<br />Net operating income (loss)(1,460,109) (995,167) 3,275 (228,832) (2,680,833) (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) (42,351) (358,648) (348,008)
<br />Total transfers and other financing sourc (88,042) (142,542) (3,213) (4,851) (238,648) (313,008)
<br />Revenues over (under) expenditures (1,982,324) (1,117,709) 1,462 (217,683) (3,316,254) (3,348,978)
<br />Add back:
<br />Capital outlays 1,707,500 1,055,000 - 262,500 3,025,000 2,910,000
<br />Principal on debt 350,000 - - - 350,000 335,000
<br />Net income (loss)75,176 (62,709) 1,462 44,817 58,746 (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 4,714,943$ 4,506,259$ 114,896$ 3,216,618$ 12,552,715$ 11,803,783$
<br />Total
<br />84
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