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CITY OF ST. ANTHONY, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENSES AND Statement 7
<br />CHANGES IN FUND NET POSITION
<br />PROPRIETARY FUNDS
<br />For The Year Ended December 31, 2017
<br />With Comparative Totals For Enterprise Funds For The Year Ended December 31, 2016
<br />Governmental
<br />Activities -
<br />Liquor
<br />Water/Sewer/
<br />Water Plant
<br />Stormwater
<br />Utility
<br />Internal Service
<br />Fund
<br />2017 2016
<br />Sales $5,714,000 $ - $ - $5,714,000 $5,822,783 $ -
<br />Cost of sales (4,354,933) - - (4,354,933) (4,468,066) -
<br /> Gross profit 1,359,067 0 0 1,359,067 1,354,717 0
<br />Operating revenues:
<br /> Customer billings - 2,044,726 197,242 2,241,968 2,116,004 -
<br /> Connection charges - 47,650 - 47,650 15,300 -
<br /> Charges for services - - - - - 592,685
<br /> Total operating revenues 0 2,092,376 197,242 2,289,618 2,131,304 592,685
<br /> Total gross profit and operating revenues 1,359,067 2,092,376 197,242 3,648,685 3,486,021 592,685
<br />Operating expenses:
<br /> Personal services 780,581 847,134 - 1,627,715 1,530,235 1,158,260
<br /> Supplies 284,938 125,888 5,241 416,067 397,700 -
<br /> Contracted services 55,466 136,172 27,623 219,261 189,718 -
<br /> Treatment charges (MCES) - 643,390 - 643,390 576,237 -
<br /> Other 20,186 173,189 - 193,375 167,827 -
<br /> Depreciation 68,064 350,861 211,271 630,196 531,127 -
<br /> Total operating expenses 1,209,235 2,276,634 244,135 3,730,004 3,392,844 1,158,260
<br />Operating income (loss)149,832 (184,258) (46,893) (81,319) 93,177 (565,575)
<br />Nonoperating revenues (expenses):
<br /> Investment income 4,495 16,714 603 21,812 31,097 904
<br />Intergovernmental revenue - - - - - 24,633
<br /> Interest expense - (15,200) - (15,200) (17,688) -
<br /> Fees and cost of issuance - (603) - (603) (1,292) -
<br /> Refunds and reimbursements - 4,495 - 4,495 50 -
<br /> Army settlement - - - - 130,932 -
<br /> Gain on sale of assets - - - - 1,350 -
<br /> Miscellaneous revenue 53,016 13,094 2,108 68,218 63,405 -
<br />Total nonoperating revenues (expenses)57,511 18,500 2,711 78,722 207,854 25,537
<br />Income (loss) before capital
<br />contributions and transfers 207,343 (165,758) (44,182) (2,597) 301,031 (540,038)
<br />Capital contributions and transfers:
<br /> Capital contributions 10,765 8,138,021 236,890 8,385,676 1,174,047 -
<br /> Capital contributions - intergovernmental - - 569,716 569,716 1,166,747 -
<br /> Transfers in - - - - - 86,300
<br /> Transfers out (249,060) - (150,000) (399,060) (3,130,885) -
<br />Total capital contributions and transfers (238,295) 8,138,021 656,606 8,556,332 (790,091) 86,300
<br />Change in net position (30,952) 7,972,263 612,424 8,553,735 (489,060) (453,738)
<br />Net position - January 1 2,128,598 8,026,604 7,165,524 17,320,726 17,809,786 (7,036,594)
<br />Net position - December 31 $2,097,646 $15,998,867 $7,777,948 $25,874,461 $17,320,726 ($7,490,332)
<br />Change in net position reported for business-type activities above $8,553,735 ($489,060)
<br />Transfer in of capital assets from governmental activities 8,000,094 1,174,047
<br />Transfer in of inventory from governmental activities 385,582 -
<br />Portion of contribution revenue reported above (8,385,676) (1,174,047)
<br />Adjustment for the net effect of the current year activity between the
<br />internal service fund and the enterprise funds.(55,453) (120,834)
<br />Change in net position of business-type activities (Statement 2)$8,498,282 ($609,894)
<br />Business-Type Activities Enterprise Funds
<br />Totals
<br />The accompanying notes are an integral part of these financial statements.
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