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' ■■ ^ r \■A , Am. <br />|vmr <br />v^(!^ <br />i- • ■ .1 <br />► ’ ■ <br />JKaa* <br />■*•.;■: -I .'. • <br />■■r't: <br />-f'. <br />t||^f <br />=-^vv:*' <br />'■1'm <br />■ '• /i <br />:••••.*■ /.^p. ' ^ <br />yS i-r'.; <br />?5:f- <br />0:'' <br />if®m.-UpHw <br />M <br />V <br />$:■ <br />1 W'p* <br />-Mt <br />1®i'M-:vm <br />^■.mM <br />i " <br />'■'^m ■■t r <br />fVr' <br />*>?■?* > (p rr <br />t‘- <br />0P^ <br />MB 1^-;- <br />#' <br />CITY OF ORONO, MINNESOTA <br />Notes to Financial Statements (continued) <br />December 31, 1991 <br />NOTE 11 - SEGMENT INFORMATION FOR ENTERPRISE FUNDS <br />TIm City pi'ovides services which are accounted for in the Enterprise Funds The segment informatio <br />for these Enterprise Funds for the year ended December 31, 1991 is as follows; <br />Water <br />Ooeratine <br />Sewer <br />Ooeratine <br />Golf <br />Course <br />Oneratine Total <br />Opwatinf Revenue or Gross Profit $157,152 S 446.776 $131.432 $735.360 <br />Depreciation Expense $38.902 $131,879 $4.919 $175,700 <br />OpCTtting Income (Loss)$(43.760)$(28,333)$23,459 $(48.634) <br />Net Income (Loss) <br />Property, Plant, and <br />$(43,082)$63,190 $25.603 $45.711 <br />Erpiiptnem - Additions <br />Net working Capital <br />$118,289 $94,327 $5.788 $218.404 <br />$162.463 $1.174.871 $62,884 $1,400,218 <br />Bonds Payable $U63.570 $1,136,430 $-$‘>,300.000 <br />Total Assets $2,552,972 $7.053.094 S 262,020 $9,868,086 <br />Total Equity $1,249,547 $5.693,451 $253,837 $7.196,835 <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 />Golf <br />Water Sewer Course <br />Ooeratins Oner at me Ooeratinc Total <br />Balance - beginning of year $ 1.13 >.425 $ 4.321.500 J 145.546 $5.606.471 <br />Less <br />Depr^iation on contributed assets 33,329 127.264 256 160.849 <br />Loss on d«noIished asset -4.777 -4.777 <br />Balance • end of year S 1.106.096 S 4.189.459 S 145.290 1 5.440.845 <br />NOTE 13 - COMMITMENTS AND CONTINGENCIES <br />QasiM <br />1M City and its iiour^ were named as defendants in a case filed in May 1989 A former police officer, <br />while on duty, was injured in an automobile accident in February 1985 by an uninsured motoric and is <br />lerting compensation undo^ the uninsured nHitorist benefit of the City ‘s insurance policy in an amoum <br />It eac^ of S5O.C00. The CHy's insurei is providing defense of this claim <br />-49 <br />-TSII <br />I <br />I <br />I f'2 <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I "1 <br />I <br />I <br />I <br />I