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<br /> CITY OF ARDEN HILLS, MINNESOTA
<br />II. STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET ASSETS
<br /> PROPRIETARY FUNDS
<br />FOR TIffi YEAR ENDED DECEMBER 3], 2004
<br />Ii Other
<br />I: Nonrnajor Total
<br /> Proprietary Proprietary
<br />f' Water Sewer Funds Funds
<br />OPERATING REVENUES
<br /> Charges for services $ 998,732 $ 813,109 $ 260,733 $ 2,072,574
<br />I' Permit fees 1,775 630 2,405
<br />I: Miscellaneous 121,468 4,105 125,573
<br /> TOTAL OPERATING REVENUES 1,000,507 935,207 264,838 2,200,552
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<br />i OPERATING EXPENSES
<br /> Personal services 213,395 252,204 93,497 559,096
<br />[' Supplies and maintenance 30,512 17,417 2,045 49,974
<br />I Other services and charges 59,176 29,673 14,641 ] 03,490
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<br /> Rent ]6,995 16,995 33,990
<br />( ': Insurance 17,917 17,917 35,834
<br />I Utilities II ,275 24,645 35,920
<br />Purchased services 22,900 ] 1,882 34,782
<br /> Purchased water 663,269 663,269
<br />I' Recycling charges 64,070 64,070
<br />Sewer charges 582,027 582,027
<br />I:. Depreciation 165,669 128,308 2,023 296,000
<br />TOTAL OPERATING EXPENSES 1,201,108 1,081,068 176,276 2,458,452
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<br />[ : OPERATING INCOME (LOSS) (200,601) (145,861) 88,562 (257,900)
<br />NONOPERATING REVENUES
<br /> County recycling grant 18,489 18,489
<br />L Interest on investments 26,861 25,136 6,947 58,944
<br />Capital contributions 15,275 7,520 7,967 30,762
<br />r' TOTAL NONOPERATING REVENUES 42,136 32,656 33,403 108,195
<br />! CHANGE IN FUND NET ASSETS (158,465) (113,205) 121,965 (149,705)
<br />! FUND NET ASSETS, JANUARY 1 6,360,854 4,262,554 1,287,487 11,910,895
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<br /> PRIOR PERIOD ADJUS1MENT 53,459 (346,078) (292,6] 9)
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<br />, FUND NET ASSETS, DECEMBER 31 $ 6,202,389 $ 4,202,808 $ 1,063,374 $ 11,468,571
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<br />The notes to the financla]s statements are an integral part afthis statement.
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