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CITY OF ORONO
<br />STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION
<br />PROPRIETARY FUNDS
<br />YEAR ENDED DECEMBER 31, 2017
<br />
<br />
<br />See accompanying Notes to Basic Financial Statements.
<br />(26)
<br />
<br />Governmental
<br />Activities
<br />Other
<br />Water Sewer Storm Business-Type Internal
<br />Operating Operating Water Activities Totals Service
<br />OPERATING REVENUE
<br />Sales and User Fees 619,487$ 1,400,830$ 289,643$ 186,649$ 2,496,609$ 297,329$
<br />Other - 26,226 - 1,679 27,905 50,380
<br />Total Operating Revenue 619,487 1,427,056 289,643 188,328 2,524,514 347,709
<br />OPERATING EXPENSES
<br />Personnel Services 190,398 322,837 43,153 25,924 582,312 -
<br />Professional Services 24,032 23,162 36,740 124,715 208,649 -
<br />Operating and Maintenance Supplies 34,512 7,935 1,946 - 44,393 -
<br />Utilities 77,738 27,055 - - 104,793 -
<br />Depreciation 178,222 308,847 35,827 4,312 527,208 -
<br />Maintenance and Repairs 60,496 170,934 4,477 8,316 244,223 -
<br />Administrative Charges from the General Fund 16,000 32,000 16,000 - 64,000 -
<br />Insurance 10,280 18,930 720 - 29,930 358,967
<br />Other Expenses 57,404 516,440 52,072 11,750 637,666 -
<br />Total Operating Expenses 649,082 1,428,140 190,935 175,017 2,443,174 358,967
<br />OPERATING INCOME (LOSS)(29,595) (1,084) 98,708 13,311 81,340 (11,258)
<br />NONOPERATING REVENUE (EXPENSES)
<br />Water Tower Rental Fee 108,174 - - - 108,174 -
<br />Connection Fee - 7,650 - - 7,650 -
<br />Investment Earnings 9,361 27,777 15,575 1,730 54,443 9,277
<br />Interest Expense (23,071) - - - (23,071) -
<br />State Grant - - - 28,242 28,242 -
<br />Gain (Loss) on Sale of Capital Asset - (1,069) - - (1,069) -
<br />Miscellaneous Revenue 20,919 74,065 3,719 8,273 106,976 -
<br />Total Nonoperating Revenue (Expenses) 115,383 108,423 19,294 38,245 281,345 9,277
<br />INCOME (LOSS) BEFORE CONTRIBUTIONS
<br />AND TRANSFERS 85,788 107,339 118,002 51,556 362,685 (1,981)
<br />Transfers Out (55,000) (100,000) - - (155,000) -
<br />CHANGES IN NET POSITION 30,788 7,339 118,002 51,556 207,685 (1,981)
<br />NET POSITION
<br />Beginning of Year 4,479,085 14,582,501 2,974,336 210,517 1,066,066
<br />End of Year 4,509,873$ 14,589,840$ 3,092,338$ 262,073$ 1,064,085$
<br />Adjustment to Reflect the Consolidation of Internal Service Fund Activities Related to Enterprise Funds (8,442)
<br />Change in Net Position of Business-Type Activities (page 20)199,243$
<br />Business-Type Activities
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