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CITY OF CENTERVILLE, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENSES
<br /> AND CHANGES IN NET POSITION
<br />PROPRIETARY FUNDS
<br />FOR THE YEAR ENDED DECEMBER 31, 2014
<br />Business-type Activities - Enterprise Funds
<br />601602603
<br />Nonmajor
<br />WaterSewerStorm WaterTotals
<br />OPERATING REVENUES
<br />Charges for services$ 298,194$ 411,218$ 105,617$ 815,029
<br />OPERATING EXPENSES
<br />Salaries and benefits80,01077,87438,527196,411
<br />Supplies95,30421521595,734
<br />Other services and charges367,20025,3009,040401,540
<br />Utilities16,1574,252-20,409
<br />MCES - disposal charges-195,304-195,304
<br />Depreciation 190,958115,13733,322339,417
<br />TOTAL OPERATING EXPENSES749,629418,08281,1041,248,815
<br />OPERATING INCOME (LOSS)(451,435)(6,864)24,513(433,786)
<br />NONOPERATING REVENUES (EXPENSES)
<br />Interest earnings17,68532,6271,85752,169
<br />Intergovernmental9,945--9,945
<br />Interest expense--(1,005)(1,005)
<br />TOTAL NONOPERATING REVENUES (EXPENSES)27,63032,62785261,109
<br />INCOME (LOSS) BEFORE TRANSFERS
<br />AND CONTRIBUTIONS(423,805)25,76325,365(372,677)
<br />CAPITAL CONTRIBUTIONS681,16419,118-700,282
<br />CHANGE IN NET POSITION257,35944,88125,365327,605
<br />NET POSITION, JANUARY 15,518,5304,604,682871,79110,995,003
<br />NET POSITION, DECEMBER 31$ 5,775,889$ 4,649,563$ 897,156$11,322,608
<br />The notes to the financial statements are an integral part of this statement.
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