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Water Sewer
<br />Fund Fund Totals
<br />OPERATING REVENUES
<br />Charges for Services 294,672$ 311,182$ 605,854$
<br />OPERATING EXPENSES
<br />Personnel Services 23,195 23,194 46,389
<br />Materials and Supplies 10,966 3,077 14,043
<br />Repairs and Maintenance 15,230 9,605 24,835
<br />Professional Services 34,771 35,964 70,735
<br />Insurance 2,441 4,251 6,692
<br />Utilities 13,006 18,263 31,269
<br />Miscellaneous 12,047 4,531 16,578
<br />Depreciation 68,882 65,703 134,585
<br />TOTAL OPERATING EXPENSES 180,538 164,588 345,126
<br />OPERATING INCOME 114,134 146,594 260,728
<br />NONOPERATING REVENUES (EXPENSES)
<br />Special Assessments 380 614 994
<br />Intergovernmental 5,216 66 5,282
<br />Gain on Disposal of Capital Assets 4,868 4,868 9,736
<br />Investment Income 19,330 29,076 48,406
<br />Rental Income - 1,781 1,781
<br />Miscellaneous 8,543 4,428 12,971
<br />Interest and Other Charges (22,577) - (22,577)
<br />NET NONOPERATING REVENUES (EXPENSES)15,760 40,833 56,593
<br />CHANGE IN NET POSITION 129,894 187,427 317,321
<br />NET POSITION - BEGINNING OF YEAR 1,041,480 2,702,675 3,744,155
<br />NET POSITION - END OF YEAR 1,171,374$ 2,890,102$ 4,061,476$
<br />CITY OF PEQUOT LAKES, MINNESOTA
<br />PROPRIETARY FUNDS
<br />FOR THE YEAR ENDED DECEMBER 31, 2019
<br />STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION
<br />See accompanying notes. 20
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