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I CITY OF ORONO, MINNESOTA
<br />Notes to Financial Statements (continued)
<br />December 31, 1995
<br />I
<br />NOTE 11 - SEGMENT INFORMATION FOR ENTERPRISE FLTVDS
<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, 1995 is as follows:
<br />Gross profit and
<br />Water
<br />Operating
<br />Sewer
<br />Operating
<br />Golf
<br />Course
<br />Operating Total
<br />operating revenue $223,638 $579,390 $173,934 $976,962
<br />Depreciation expense $64,764 $144,461 $13,021 $222,246
<br />Operating income (loss)$(19,740)$(191,722)$31,764 $(179.698)
<br />Net income (loss)$(30,717)$(92,305)$39,914$(83,108)
<br />Property, plant, and
<br />equipment - additions $790 $70,746 $5,364 $76,900
<br />Property, plant and
<br />equipment - deletions $5,781 $13,482 $1,700 $20,963
<br />Net working capital $161,120 $1,112,252 $193,710 $1.467,082
<br />Bonds payable $1.669,472 $1,630,528 $-$3,300,000
<br />Total assets $3,246,645 $7,377.406 $410,961 $11,035,012
<br />Total equity $1,521,154 $5,529,698 $399,698 $7,450,550
<br />Tax revenues $40,586 $43,208 $-$83,794
<br />NOTE 12 - PROPRIETARY FUNDS' CONTRIBUTED CAPITAL
<br />This balance represents the cost of property contributed to the Enterprise Funds by the City, less
<br />depreciation thereon charged to operations. Changes occurring in this account during the year were as
<br />follows:
<br />Water
<br />Operating
<br />Sewer
<br />Operating
<br />Golf
<br />Course
<br />Operating Total
<br />Balance - beginning of year $ 1,080,575 $ 3.826.499 $ 131,563 $ 5,038,637
<br />Add special assessments levied
<br />in 1995 221.178 95,955 .317,133
<br />Add developers prepaid
<br />assessments recognized during
<br />1995 69,723 20,077 89.800
<br />Add residual equity transfer from
<br />1980 Improvement Bonds Debt
<br />Service Fund 26,326 26,326
<br />Less depreciation on contributed
<br />assets (32,886) (124,052)(709)(157,647)
<br />Balance - end of year $ 1,364,916 $ 3.818,479 $ 130,854 $ 5.314.249
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