CITY OF ARDEN HILLS
<br />Statement of Revenues, Expenses, and Changes in Net Position
<br />Proprietary Funds
<br />Year Ended December 31, 2023
<br />Business -Type
<br />Activities - Enterprise
<br />Funds
<br />Surface
<br />Internal
<br />Water
<br />Nonmajor
<br />Service
<br />Water
<br />Sewer
<br />Management
<br />Recycling
<br />Totals
<br />Funds
<br />Operating revenues
<br />Charges for services
<br />$ 3,043,265
<br />$ 2,388,625
<br />$ 940,981
<br />$ 150,564
<br />$ 6,523,435
<br />$ 561,413
<br />Permit fees
<br />4,160
<br />2,640
<br />-
<br />-
<br />6,800
<br />-
<br />Miscellaneous
<br />7,249
<br />3,233
<br />17,826
<br />776
<br />29,084
<br />2,433
<br />Total operating revenues
<br />3,054,674
<br />2,394,498
<br />958,807
<br />151,340
<br />6,559,319
<br />563,846
<br />Operating expenses
<br />Personal services
<br />400,475
<br />472,190
<br />342,440
<br />31,739
<br />1,246,844
<br />-
<br />Supplies and maintenance
<br />42,435
<br />24,081
<br />12,336
<br />-
<br />78,852
<br />117,843
<br />Other services and charges
<br />341,235
<br />187,145
<br />127,025
<br />6,900
<br />662,305
<br />74,125
<br />Rent
<br />30,503
<br />30,963
<br />13,761
<br />-
<br />75,227
<br />-
<br />Insurance
<br />23,083
<br />40,065
<br />4,122
<br />605
<br />67,875
<br />-
<br />Utilities
<br />15,642
<br />23,025
<br />-
<br />-
<br />38,667
<br />-
<br />Purchased services
<br />30,200
<br />14,752
<br />10,435
<br />6,648
<br />62,035
<br />371,711
<br />Purchased water
<br />1,380,690
<br />-
<br />-
<br />-
<br />1,380,690
<br />-
<br />Recycling charges
<br />-
<br />-
<br />-
<br />108,627
<br />108,627
<br />-
<br />Sewer charges
<br />-
<br />845,369
<br />-
<br />-
<br />845,369
<br />-
<br />Depreciation
<br />376,642
<br />221,567
<br />163,437
<br />-
<br />761,646
<br />-
<br />Total operating expenses
<br />2,640,905
<br />1,859,157
<br />673,556
<br />154,519
<br />5,328,137
<br />563,679
<br />Operating income (loss)
<br />413,769
<br />535,341
<br />285,251
<br />(3,179)
<br />1,231,182
<br />167
<br />Nonoperating revenues (expenses)
<br />Intergovernmental revenue
<br />2,533
<br />29 21
<br />26,670 29,253 -
<br />Earnings on investments
<br />157,530
<br />69,095 40,528
<br />10,433 277,586 6,840
<br />Interest and fiscal charges
<br />(36,342)
<br />(5,651) -
<br />- (41,993) -
<br />Total nonoperating
<br />revenues (expenses)
<br />123,721
<br />63,473 40,549
<br />37,103 264,846 6,840
<br />Income before contributions
<br />and transfers 537,490 598,814 325,800 33,924 1,496,028 7,007
<br />Capital contributions - connection fees
<br />36,085
<br />26,003
<br />-
<br />- 62,088 -
<br />Capital contributions - capital grants
<br />-
<br />67,861
<br />-
<br />- 67,861 -
<br />Transfers out
<br />(100,000)
<br />(126,000)
<br />(74,000)
<br />- (300,000) -
<br />Change in net position
<br />473,575
<br />566,678
<br />251,800
<br />33,924 1,325,977 7,007
<br />Net position
<br />Beginning of year
<br />10,350,785
<br />7,544,199
<br />5,539,163
<br />206,499 23,640,646 178,179
<br />End ofyear
<br />$ 10,824,360
<br />$ 8,110,877
<br />$ 5,790,963 $
<br />240,423 $ 24,966,623 $ 185,186
<br />See notes to basic financial statements -21-
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