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The notes to the financial statements are an integral part of this statement.
<br />38
<br />CITY OF ROSEVILLE, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS
<br />PROPRIETARY FUNDS
<br />FOR THE YEAR ENDED
<br />DECEMBER 31, 2007
<br />With Partial Comparative Information
<br />for Year Ended December 31, 2006
<br />__ -- -
<br />--
<br />_
<br />Business -Type
<br />Sanitary
<br />Sanitary
<br />Golf
<br />Sewer
<br />Sewer
<br />Water
<br />Water
<br />Course
<br />Current Year
<br />Prior Year Current Year
<br />Prior Year
<br />Current Year
<br />Sales and cost of sales
<br />Sales
<br />$ 0
<br />$ 0 $
<br />0
<br />$ 0
<br />22,837
<br />Cost of sales
<br />0
<br />0
<br />0
<br />0
<br />11,684
<br />Gross profit
<br />0
<br />0
<br />0
<br />0
<br />11 , 153
<br />Operating revenues
<br />[User charges
<br />2,712,272
<br />25611,501
<br />4,8055655
<br />43442,028
<br />301,623
<br />Delinquency collections
<br />835733
<br />82,482
<br />0
<br />0
<br />0
<br />Other
<br />260
<br />0
<br />3,868
<br />33256
<br />23596
<br />Total operating revenues
<br />257961265
<br />203,983
<br />498095523
<br />4,4453284
<br />304,219
<br />Operating expense
<br />Personal service
<br />394,772
<br />4125934
<br />3209979
<br />308,582
<br />2343482
<br />Supplies
<br />307230
<br />27,585
<br />76;625
<br />63,622
<br />339928
<br />Other services and charges
<br />2,424,617
<br />2,495,864
<br />45140,634
<br />3,823,160
<br />663140
<br />Depreciation
<br />1853655
<br />175,989
<br />2015089
<br />2143814
<br />19,768
<br />Total operating expenses
<br />310359274
<br />39112,372
<br />43739,327
<br />4,410,178
<br />3543318
<br />Operating income (loss)
<br />(239;009)
<br />(418,389)
<br />703196
<br />351106
<br />(38,946)
<br />Nonoperating revenues (expenses)
<br />Investment income
<br />171,722
<br />154,672
<br />25,393
<br />(66,065)
<br />22,492
<br />Intergovernmental operating grants
<br />0
<br />0
<br />0
<br />0
<br />0
<br />Total nonoperating revenues (expenses)
<br />1711722
<br />1543672
<br />255393
<br />(66,065}
<br />223492
<br />Net income before transfers
<br />(67,287)
<br />263,717
<br />953589
<br />(30,959)
<br />(16,454)
<br />Transfers
<br />Transfers (out)
<br />0
<br />0
<br />0
<br />0
<br />0
<br />Change in net assets
<br />(67,287)
<br />(263,717)
<br />953589
<br />(30,959)
<br />(16,454)
<br />Total net assets - beginning
<br />93425;295
<br />9,6895012
<br />5,6325.766
<br />536635725
<br />942,978
<br />Total net assets - ending
<br />$ 9,3589008
<br />$ 9,425,295 $
<br />55,728,355
<br />$ 5,632,766
<br />$ 926,524
<br />The notes to the financial statements are an integral part of this statement.
<br />38
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