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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, 2023
<br />With Comparative Totals For December 31, 2022
<br />Governmental
<br />Activities
<br />Water/Sewer/ Stormwater Internal
<br />Liquor Water Plant Utility Service Fund
<br />2023 2022
<br />Sales $7,065,954 $ - $ - $7,065,954 $7,040,797 $ -
<br />Cost of sales (5,246,548) - - (5,246,548) (5,212,277) -
<br /> Gross profit 1,819,406 - - 1,819,406 1,828,520 -
<br />Operating revenues:
<br /> Customer billings - 2,953,454 229,089 3,182,543 2,896,237 -
<br /> Charges for services - - - - - 738,984
<br /> Total operating revenues - 2,953,454 229,089 3,182,543 2,896,237 738,984
<br /> Total gross profit and operating revenues 1,819,406 2,953,454 229,089 5,001,949 4,724,757 738,984
<br />Operating expenses:
<br /> Personal services 903,409 963,986 - 1,867,395 1,781,037 1,311,508
<br /> Supplies 383,575 163,941 527 548,043 514,881 -
<br /> Contracted services 82,832 189,075 269,711 541,618 373,212 -
<br /> Treatment charges (MCES) - 760,026 - 760,026 711,020 -
<br /> Other 7,827 234,716 6,875 249,418 240,441 -
<br /> Total operating expenses, excluding depreciation 1,377,643 2,311,744 277,113 3,966,500 3,620,591 1,311,508
<br /> Depreciation 80,143 688,452 319,398 1,087,993 1,042,367 -
<br /> Total operating expenses 1,457,786 3,000,196 596,511 5,054,493 4,662,958 1,311,508
<br />Operating income (loss)361,620 (46,742) (367,422) (52,544) 61,799 (572,524)
<br />Nonoperating revenues (expenses):
<br /> Investment income 63,934 124,189 10,494 198,617 (85,871) 16,368
<br /> Intergovernmental revenue - - 158,891 158,891 - 11,239
<br /> Interest expense - 928 - 928 (2,300) -
<br /> Gain on disposal of asset - - - - 1,400 -
<br /> Miscellaneous 831 5,796 19,027 25,654 24,875 -
<br />Total nonoperating revenues (expenses)64,765 130,913 188,412 384,090 (61,896) 27,607
<br />Income (loss) before contributions and transfers 426,385 84,171 (179,010) 331,546 (97) (544,917)
<br />Contributions and transfers:
<br /> Capital contributions - 1,044,885 372,045 1,416,930 1,156,331 -
<br /> Transfers in - - - - 30,535 86,300
<br /> Transfers out (275,000) - - (275,000) (436,903) -
<br />Total contributions and transfers (275,000) 1,044,885 372,045 1,141,930 749,963 86,300
<br />Change in net position 151,385 1,129,056 193,035 1,473,476 749,866 (458,617)
<br />Net position - January 1 2,785,237 18,033,349 9,324,291 30,142,877 29,393,011 (6,626,976)
<br />Net position - December 31 $2,936,622 $19,162,405 $9,517,326 $31,616,353 $30,142,877 ($7,085,593)
<br />Change in net position reported for business-type activities above $1,473,476 $749,866
<br />Transfer in of capital assets from governmental activities 1,416,930 1,156,331
<br />Transfers in reported as contribution revenue reported above (1,416,930) (1,156,331)
<br />Adjustment for the net effect of the current year activity between the
<br />internal service fund and the enterprise funds.(48,343) (81,128)
<br />Change in net position of business-type activities (Statement 2)$1,425,133 $668,738
<br />Business-Type Activities Enterprise Funds
<br />Totals
<br />The accompanying notes are an integral part of these financial statements.
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