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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, 2015
<br />
<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 492,947$ 1,258,081$ 252,042$ 196,292$ 2,199,362$ 243,569$
<br />Other 10,998 26,440 3,545 1,537 42,520 21,939
<br />Total Operating Revenue 503,945 1,284,521 255,587 197,829 2,241,882 265,508
<br />OPERATING EXPENSES
<br />Personnel Services 167,221 276,127 54,743 17,317 515,408 -
<br />Professional Services 33,199 19,116 38,746 117,708 208,769 -
<br />Operating and Maintenance Supplies 21,383 11,663 1,569 47 34,662 -
<br />Utilities 69,161 30,539 - - 99,700 -
<br />Depreciation 98,516 304,437 32,465 4,314 439,732 -
<br />Maintenance and Repairs 85,709 98,222 19,095 4,032 207,058 -
<br />Administrative Charges from the General Fund 15,923 32,000 16,000 - 63,923 -
<br />Insurance 10,280 18,930 720 - 29,930 309,935
<br />Other Expenses 41,988 537,237 409 5,026 584,660 -
<br />Total Operating Expenses 543,380 1,328,271 163,747 148,444 2,183,842 309,935
<br />OPERATING INCOME (LOSS)(39,435) (43,750) 91,840 49,385 58,040 (44,427)
<br />NONOPERATING REVENUE (EXPENSES)
<br />Water Tower Rental Fee 92,916 - - - 92,916 -
<br />Connection Fee - 39,705 275,213 - 314,918 -
<br />Special Assessments for Capital Purposes - - - - - -
<br />Investment Earnings 18,632 30,984 14,154 592 64,362 11,048
<br />Interest Expense (33,940) - - - (33,940) -
<br />State Grant - - - 30,190 30,190 -
<br />Miscellaneous Revenue 76 7,130 - 3,153 10,359 -
<br />Total Nonoperating Revenue (Expenses) 77,684 77,819 289,367 33,935 478,805 11,048
<br />INCOME (LOSS) BEFORE CONTRIBUTIONS
<br />AND TRANSFERS 38,249 34,069 381,207 83,320 536,845 (33,379)
<br />Capital Contributions - 16,767 - - 16,767 -
<br />Transfers Out (158,000) (113,575) (48,634) - (320,209) -
<br />CHANGES IN NET POSITION (119,751) (62,739) 332,573 83,320 233,403 (33,379)
<br />NET POSITION
<br />Beginning of Year 4,668,970 14,710,360 2,344,199 64,109 1,138,855
<br />Prior Period Restatement, See Note 11 (97,341) (153,910) (33,307) (11,424) -
<br />Beginning of Year, as Restated 4,571,629 14,556,450 2,310,892 52,685 1,138,855
<br />End of Year 4,451,878$ 14,493,711$ 2,643,465$ 136,005$ 1,105,476$
<br />Adjustment to Reflect the Consolidation of Internal Service Fund Activities Related to Enterprise Funds (8,783)
<br />Change in Net Position of Business-Type Activities (page 20)224,620$
<br />Business-Type Activities
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