07-10-1995 Council Packet - Laserfiche WebLink

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I !» I I CITY OF ORONO. MINNESOTA Notes to Financial Statements (continued) December 31, 1994 NOTE 11 - SEGMENT INFORMATION FOR ENTERPRISE FLINDS The City provides services which are accounted for in the Enterprise Funds. The segment information for these Enterprise Funds for the year ended December 31, 1994 i.s as follows: Water Operating Sewer Operating Golf Course Operating Total Gross profit and operating revenue Depreciation expense Operating income (loss) Net income (loss) Property, plant, and equipment - additions Net working capital Bonds payable Total assets Total equity $202,446 $556,360 $178,283 $937,089 $62,495 $145.567 $9,258 $217,320 $(29,072)$(91,250)$47,822 $(72,500) $(52.787)$(2.740)$44,630 $(10,897) $13.712 $60.470 $29,258 $103,440 $85,201 $1,248,1 is $146,160 $1.479.480 $986,507 $963,493 $$1.950.000 $2,333,715 $6,647,355 $368,949 $9,350,019 $1,234.644 $5.505.971 $359,784 $7,100,399 NOTE 12 - PROPRIETARY FUNDS’ CONTRIBUTED CAPITAL This balance represents the cost of property contributed to the Enterprise Funds by the City, less depreciation thereon charged to operations. Changes occurring in this account during the year were as follows: Water Operating Sewer Operating Golf Course Operating Total Balance - beginning of year AuJ residual equity transfer from 1980 Improvement Bonds Debt Service Fund Less depreciation on contribuUu assets Bal.ince - end of year $ 1,039.438 $ 3,943.648 $ 144.781 $ 5.127,867 71,483 (34.873)(121.755)(254) 71,483 (156,882) $ 1.076,048 $ 3.821.893 $ 144.527 $ 5.042.468 During 1994. the outstanding bonds of the 1980 Improvement Bonds Debt Service Fund were called. The residual equity of the fund was transferred to the Water Operating Fund for the purpo.se of a.ssisting in the debt .service requirements of the G.O. Water and Sewer Revenue Bonds of 1989. -54-