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CITY OF ORONO, MINNESOTA
<br />Notes to Financial Statements (continued)
<br />December 31, 1998
<br />NOTE 10 - SEGMENT INFORMATION FOR ENTERPRISE FUNDS
<br />The City provides services which are accounted for in the Enterprise Funds. The segment information for
<br />these Enterprise Funds for the year ended December 31,1998 is as follows:
<br />Water
<br />Operating
<br />Sewer
<br />Operating
<br />Golf
<br />Course
<br />Operating Total
<br />Gross profit and
<br />operating revenue $261,436 $686,119 $211,166 $1,158,721
<br />Depreciation expense $43,193 $133,382 $15,408 $191,983
<br />Operating income $38,694 $48,235 $42,855 $129,784
<br />Property tax revenues $105,394 $242 S -$105,636
<br />Intergovenimental revenue $-$7,102 $-$7,102
<br />Net income $557,281 $205,327 $57,831 $820,439
<br />Property, plant, and
<br />equipment - additions $242,772 $61,477 $25,349 $329,598
<br />Net working capital $183,535 $1,878,235 $266,374 $2,328,144
<br />Bonds payable $541,314 S 528,686 $-$1,070,000
<br />Notes payable $-$15,000 $-$15,000
<br />Total assets $3,454,589 $8,199,982 $596,546 $12,251,117
<br />Total equity $2,306,328 $7,476,064 $585,656 $10,368,048
<br />NOTE 11 - PROPRIETARY FUNDS ’ CONTRIBUTED CAPITAL
<br />This balance represents the cost of property contributed to the Enterprise Funds by the City, less depreciation
<br />thereon charged to operations. Changes occurring in this account during the year were as follows:
<br />Water
<br />Operating
<br />Sewer
<br />Operating
<br />Golf
<br />Course
<br />Operating Total
<br />Balance - beginning of year $ 1,299,144 $ 5,303,212 $ 130,804 $ 6,733,160
<br />Less depreciation on
<br />contributed assets
<br />Balance - end of year
<br />(19,090)000,8441 (653)(120,587)
<br />$ 1,280,054 $ 5.202,368 $ 130,151 $ 6,612,573
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